Remarkable project in Sihanoukville which provide stable income

Preah Sihanouk’s rapid development has been the cause of significant discussion and speculation since the province emerged as a focus for Chinese investment in mid-2017. Following the Cambodian government’s ban on online gaming and the subsequent Covid-19 pandemic, the pace of development has slowed dramatically. Now Sihanoukville is gearing up for another significant development push, fueled by strong investment into infrastructure, a number of large-scale projects and a resurgent optimism about the province’s future.

At present, Sihanoukville is home to more than 90 casinos, a host of hotels, condominium developments, retail projects and industrial parks. Development of the city continues, albeit at a slower pace than witnessed during the height of the construction boom in 2018 and early 2019. This pause for breath has allowed time for the authorities to re-organize and rehabilitate much of the province’s road and service infrastructure, as well as introduce additional provision to enhance the province’s capacity. Urban planning is also taking a step forward, with the involvement of Chinese city planners from Shenzhen. Sihanoukville sits at the cross-roads of multiple major infrastructure initiatives, including China’s ambitious One Belt One Road project and the Greater Mekong Sub-region Economic Corridors southern route. The coastal province is also well placed to reach two of the world’s largest sources of tourists; China and India. As such, it is strategically and politically positioned to capture dramatic growth and investment into the future.

In fact, the construction of 34 new roads, which cost about 300 million US dollars, is now about 90% complete, and these 34 roads are the first luxury roads in Cambodia while the road opened for construction in mid-November 2019. This was confirmed by Samdech Hun Sen during a road construction visit in Sihanoukville on June 1.

In addition, the Royal Government has been developing Cambodia's first expressway project connecting Phnom Penh to Sihanoukville, which is currently under construction and scheduled for completion before September 2022.

According to Samdech Techo Hun Sen's Facebook page, the Royal Government of Cambodia has set a plan to develop a land use master plan in Sihanoukville with a 2030 vision to organize and develop Sihanoukville as a sustainable national development pole in the coastal areas of Cambodia through the development of modern cities with the most beautiful beaches in the world and a multi-purpose special economic zone that will attract tourists and more new investment from abroad and serve a better life for our Cambodian people as well.

Meanwhile, a senior official of the Royal Government of Cambodia has previously claimed that Sihanoukville will not be the second Macau city as rumored, but it will be the new economic nose of Cambodia. The government has developed a master plan for the development of Sihanoukville, similar to China's Shenzhen city.

In Cambodia, we have three main export ports, the first of which is through Poipet, which is connected to the production network using the Thai economic nose. Export to Vietnam using Vietnamese nose, but for Sihanoukville, Cambodia, we use our own mix, and the master plan that has been prepared is a very important project to set the direction of development of Sihanoukville in 10 to 20 Next year.

The Royal Government believes that there will be a transfer of foreign manufacturing industry to Sihanoukville once the master plan is prepared and infrastructure systems such as roads, water, electricity, ports are completed.

Along with prosperity of Sihanoukville project, Many sew developments have appeared in this project. Today we would like to take your interest to a project which combine business and residence complex. This project is Won Majestic project.

【Project Description】

The project is located next to the Sokha Hotel. This project includes 318 A-level offices with an online gaming business license, 270 high-end apartments with invincible sea views, a 5-star hotel, retail shops and an international casino covering an area of 2500 square meters.

Indoor facilities include infinity swimming pool, large casino, restaurant, sky bar, multi-function hall, fitness center at the rooftop, public video conference room, etc.

The project is up to 28 floors, 3.5 meters high and 120 meters high; from the sky lounge on the top floor, Sokha Beach, Independence beach and Ochheuteal beach can all be seen.

The project is a freehold property, with an average price of US$2,300-2,800/m2, and is expected to be delivered on March 31, 2021.

【Project location】

This development project is located in the important part of Sihanoukville, and the location is also directly opposite the famous Sokha Beach Resort.

Less than 200 meters away from Sokha Beach, 1.4 kilometers away from Golden Lions roundabout, 2.2 kilometers away from Changhai International Hospital, 2.7 kilometers away from Bank of China, 26 kilometers away from Sihanoukville Special Economic Zone. It is only a few minutes away from the roundabout, where there are everything you need for restaurants and entertainment venues.

Surrounded by the administrative district of Sihanoukville government provincial, the financial and business area, and the gaming and entertainment place, it is the most enjoyable location for leisure, entertainment and business office.

【Unit Description】

A3 -79.39㎡ for self-occupation, optimal investment, large-scale studios, to start a simple new life.

A7-40.78㎡ high-quality small unit living area and rest area are allocated on both sides, space utilization is more reasonable.

B2-93.15㎡, two bedrooms, one living room and two bathrooms, the square space of the apartment type is not wasted, and the master bedroom has a separate bathroom for dry and wet.

【Project Benefits】

The down payment is only 30% (from 27,000 US dollars). For VIPs who are going to the Sihanoukville to inspect the project, the project staff will arrange a special car to pick up and drop off. You will enjoy with 8% annual rental return. 

In the later process of the project, the project will introduce the well-known WA hotel management company to provide pure hotel-style hosting services, so that the owners can earn a stable rental income in the country.

Author/Nea

Compass Original