The Peak ShoppesWorld Class Residential Condominium
The Cambodian property market has undergone an enormous transformation over the last 10 years as a result of direct foreign investments for large-scale property developments. Chinese buyers are leading the pack with many of the purchasing properties all over the country causing developers to increase the pace for construction of high-end and luxurious condominiums.
Majority of new projects developments are being undertaken in the capital Phnom Penh increasing the skyline vertical development due to the construction of residential condominiums and the country’s first skyscraper. According to Knight Frank by the end of 2018, the capital will have22,828 luxury apartments a double increase from the current number of 8,942 units.
In 2018 there have been increased number of gated townhouses complexes, satellite cities and housing communities with major developments currently undergoing in suburbs and outer cities singling a shift in property demand as a result of robust economic performance boosting employment and investment opportunities to locals.
The influx of foreign buyers has driven the property growth in 2018. In 2017 3,488 luxurious condominium units entered the market in Phnom Penh, the figure is predicted to rise as high as 15,688 in 2018 underlining investor confidence and vibrant real estate sector.
Increased interest from foreign buyers is as a result of the government changing Foreign Ownership Property Law making it easier and simpler for foreigners to invest in new condominium project development. All foreigners with eligible passports are permitted to purchase any type of property directly above the ground floor. They are also allowed to own up to 70% of the property units attracting foreign investors.
Land prices have increased over recent years with prices per square meter increasing from $700 to $1100 giving buyers more negotiating power.
The One Belt One Road initiative has brought massive investments into Cambodia more than US$7 billion. Construction of the new highway connecting Phnom Penh and Sihanoukville will drive up rent and property prices of new development projects.
According to the CBRE report, the average condominium price per square foot for affordable units was $1,350, for mid-range condos it was $2,600 while for high-end luxurious condominium the price stood at $3,200.
The Peake Shoppes development project will revolutionize the Cambodian property market for years to come making it the ideal place to grow with for you and your family.
The Peak Shoppes
|Project Name||The Peak Shoppes (Cambodia)|
|Developer||Oxley Gem (Cambodia) Co. Ltd|
|Developer Sales Hotline||65 6100 6150|
|Est Indicative Selling Price||average $1xxk|
|Type Of Development||Commercial|
|Address||Village No. 14 SamDach Hun Sen Road|
|Postal District||Phnom Penh Cambodia|
|Land Area||Approx. 12,670 sqm / 136,382.4 sqft|
|No. Of Towers||2|
|No. Of Units||508|
|Bedroom Allocation||Shop and Restaurants|
|Expected TOP||Dec 2020|
|Description||The Peak Shoppes (Cambodia) condo is a 508 units of Shop and Restaurants freehold project, located at Village No. 14 SamDach Hun Sen Road, devevloped by Oxley Gem (Cambodia) Co. Ltd and expected to TOP in 2020|
The Peak Shoppes Condo Google Street View
The Peak Shoppes Condo Google Location
Reasons to invest in The Peak Shoppes
Located at the heart of Phnom Penh’s the property is surrounded with key government and commercial building making it an attractive catchment area for future development such as residential districts of Chamkarmon and Diamond Island which have witnessed an influx of investments.
Phnom Penh’s has a strong and growing economy coupled with an increasing population of young working-class demand for housing has tremendously increased boosting the potential for high rental yield, occupancy rate, and capital growth.
When it comes to accessibility, Peak Shoppes is well-connected to major expressways, MRT stations and airports providing convenient and easier access to the region and globally.
With increased tourism growth in Cambodia, the Peak Shoppes is integrated with a 5-stars Hotel managed by the reputable Shangri-La Hotels providing world-class accommodation to visiting tourist. High tourist traffic of tourist is one of the key reasons to invest in this condominium project.
The Peak Shoppes the tallest building 55-storey high that stands out from the rest in Phnom Penh, its bronze cladding makes the building attractive while offering you scenic views of the city skyline.
Read More about The Peak Shoppes developer
The Peak Shoppes Drone Video
The Peak Shoppes Official video
Its strategic location is close to a variety of amenities and future shopping belt providing future owners with immediate access to whatever they may need. For foreigners, its close proximity to government buildings and diplomatic mission is a major selling point enhancing overall security within the area.
For the young working-class community, its closeness to Phnom Penh commercial district provides direct access to their places of work making commuting to and from work become easier and hassle-free.
Another reason to invest in Peak Shoppes is its closeness to a variety of wellness and recreational centers giving both you and your family a perfect haven for outdoor activities. The area which Peak Shoppes is located in capital appreciation is projected to rise every 5 years as a result of increasing land prices making Peak Shoppes a prime landed area.
Check my personal review on The Peak Shoppes Review
For a bright future, investing in Peak Shoppes is a wise investment decision considering the ever-increasing population in Phnom Penh, whether it’s renting out or living there, Peak Shoppes will secure your future.
The Peak Shoppes is the ideal property choice for foreign businessmen, expatriates and rich locals looking for a luxurious and modern lifestyle in its mixed integrated development complete with prime commercial office space and hotel facilities providing them with an opportunity to work and live at the same place.
Peak Shoppes is a unique building offering breathtaking views of the Mekong River and Bassac River, the property’s design has an ecological approach that blends both natural and modern design into one. The residential development will be one of the most iconic and sought projects within the capital.
The luxurious Shangri-la Hotel is just right next door; you will be treated to world-class service within tranquil surroundings, together with its innovative architecture and design. From business lounges, the finest dining and spa experiences, you will be pampered and treated like royalty.
The Peak’s Strategic location in central Phnom Penh coupled with its high-grade building specifications, the property is well positioned to meet requirements of quality retailers looking to fill the gap of growing aspirations and needs of city dwellers.
The Peak Cambodia has a stylish bronze cladding accentuating the entire building; which displays colors of luxurious living lifestyle with two towers comprising of 500 units each with architectural paragons styled design. On the ground floor, there are shopping malls followed by 3-floor levels of mid to high-end retail spaces and food court.
The Peak Shoppes beautiful Gold cladding and front side view
Peak Shoppes is an exceptional 4-1 mixed development with a site area of 12670 square meters. Peak Shoppes has 2 towers with 55 floors and 1 tower of hotel residences. The two residential towers comprise of 507 units each complete with a studio apartment, 1-3 bedroomed units, and a penthouse all with different floor plan catering to the lifestyle of various family sizes.
The apartment units are elegantly designed, spacious with large window panes allowing in plenty of natural light creating the perfect atmosphere to complement your modern urban lifestyle living
The Peak Shoppes has world-class facilities such as two landscaped sky decks on levels 13A, full gym and recreational facilities allowing residents to socialize and relax after a tough day while enjoying an exclusive private world of lush greenery and sparkling blue pools.
You may also like The Peak Shoppes Site Plan and Facilities
The Peak poolside
The high-rise development complex comes with a freehold tenure providing a once in a lifetime opportunity for future owners to become permanent owners. The project is slated to be completed on 31st December 2020.
Pricing and Floor Plans
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