Commercial New Development project which gain more profit

According to a real estate expert, as the era progresses and develops better, leading to a change in thinking and the actual needs of living, some Cambodians will change their trend of buying land to buy a condo in installments, looking for opportunities to make a profit and live comfortably.

Monetary policy demand and low down payment have pushed the housing sector, which is recovering faster than the regional trade sector, according to the report.

When it comes to investing, we has always been focus on the risks of the Covid-19 crisis, as countries around the world, as well as Cambodia, are being hit hard. Experts and national and international investors claim that the situation is better than some countries.

(Source:Internet)

You can take a look at the condominium's situation during Covid-19 case has been increased and now.

The first quarter showed that the price of high-end condominiums fall 1.4% and the average price of mid-range condominiums fall 0.5 %. Surprisingly, the selling price of affordable condominiums increased by 0.3% to US $ 1,549 per square meter. Meanwhile, rental prices also fell slightly, by about 0.4% for high-end condominiums and 0.6% for mid-priced condominiums, or $14.2/ m2 for high-end condominiums and $11.8/m2 for medium price condos.

Currently, according to data in a local news report, in May, the real estate rental sector is gaining momentum compared to March.

We recognize that over the past three months, marketing activities, including buying and selling, have resumed, but only the activities of developers and the needs of the local buyers. For the next year 2021, we can not predict how much will improve until the vaccine is officially announced and the economic recovery of some countries is also not so clear. 

Although, we are in a dilemma , it does not mean that you can not invest. However, if we choose a brand New development project and is built by well-known developer, it will definitely be profitable. Today, Compass Real estate is willing to describe about Prince Huan Yu Center project, which could become a landmark in Chamkarmon district.

Project Interpretation

【Project Description】

The project is located on the north side of the Russian Embassy, adjacent to the wealthy elite, with a total building area of 7129 square meters and a total construction area of 140,000 square meters; the project has 34 floors of 41-153 square meters of super A-grade office buildings, 38 floors of 43-686 square meters of Apartments and 17,500 square meters of boutique commercials are expected to be delivered in April 2022.

The office building is 6.6 meters high and is precisely installed in the lobby of the residence, and you can see the honor when you enter the home. The office is designed with a height of 3.9 meters, the raised floor can be freely divided, and well-equipped with a fresh air system, which is green and environmentally friendly, high efficiency and energy saving, leading international standards.

The serviced apartment, with a floor height of 3.3 meters, is delivered with refined decoration, opening up a luxurious living experience; the elevator front room is equipped with a luxurious public living room, a private sky garden, and Infinity swimming pool. On the first floor, each household has a private swimming pool, the ultimate vision, and extraordinary enjoyment.

There are 17,000 square meters of rich business, hierarchical layout of different formats. For GF, there are coffee shop, desserts, retail cosmetics, 1F has boutique supermarket, 2F Southeast Asian cuisine , Japanese cuisine and other international cuisine are located. For 3F, there is high-end specialty Chinese food, hot pot. At 4F, high-end beauty, hairdressing, SPA , Foot massage layout and  KTV at 5F.

【Project location】

The project is close to BKK1, the most prosperous commercial district with a long history in Phnom Penh. It gathers the food type of various countries and has mature living facilities. It takes 5 minutes to walk to: NAGA, AEON Supermarket, Jinjue, Duty Free Shop, International School, Sofitel Hotel.

You can enjoying multi-dimensional transportation, within 10 minutes to famous landmarks such as the Royal Palace of Phnom Penh, Phnom Penh National Museum, Wat Ounalom Monastery,  It is a 500-meter away for walk to the planned Metro MRT-Sihanoukville Line-Naga station, which provides convenient direct access to important areas such as the airport, railway station, and central market.

【Surrounding Facitlities】

The project is supported by industry-leading medical resources such as the First Hospital and internationally renowned universities such as Wisdom University and ISPP International School.

It is within walking distance of famous leisure shopping landmarks such as the famous Naga World , Aeon Mall , Sofitel Hotel, and Container Night Market.

Within 1.5 kilometers, it is surrounded by embassies of 31 countries and administrative agencies such as the Ministry of Agriculture, the Senate, and the Ministry of Foreign Affairs. It is about 300 meters from BKK1, 700 meters from Diamond Island, and 10 minutes to the Royal Palace of Phnom Penh.

Moreover you can enjoy the Diamond Island, Royal Palace supporting facilities and BKK1 high-end supporting facilities. It is the special zone with the richest medical, educational and entertainment resources in Cambodia.

【Advantages of Project】

There us 36~122㎡ hardcover platinum apartment, meeting the different needs of global elite business, residence, self-occupation, etc.; the top luxury large flat floor, enjoys invincible surround view, and the bustling CBD; exquisitely decorated, international brand furniture, 3.3 meters high, daylighting Adequate; gold medal property management, 24-hour customized butler service.

There are 49~2083㎡ business space, with 6.6 meters high office lobby, 3.9 meters high design, and the floor can be divided to create more space layout plans to meet the individual needs of different companies.

It is 17,000 square meters of high-end business, creating the home of high-end life in Phnom Penh, with a floor height of 5.4 meters and sufficient commercial floor height to meet the personalized decoration needs of businesses.

Author/Nea
Compass Original