Buying Property in The Peak (Phnom Penh): By Huttons Asia

This article includes sponsored ad content by Huttons Asia

This week, we have a look at a high-end mixed use project, The Peak, located in Phnom Penh, Cambodia. The project is planned to be completed in 2020 and Huttons Asia has helped us to write this sponsored article, where they share more information about the development.

The Peak is a freehold property and integrated with Shangri-La’s 5 Stars Hotel & CapitaLand Mall, located right in the heart of Phnom Penh. Within 200 meters, you’ll reach the famous Nagaworld 5-Stars Hotel & Casino (the only Casino in Phnom Penh).

Within 350 meters, you’ll be able to reach the upcoming World’s tallest twin tower, set to overtake Kuala Lumpur’s Petronas Twin Towers. And The Peak will be the closest residential tower, right next to this upcoming World’s tallest twin tower!

Sounds amazing, right?

The project is built by Oxley Holdings Singapore, which successfully launched The Bridge in Phnom Penh and is completely sold out.

If you’re interested in The Peak, you can contact Mr. CS Tee at Huttons Asia with the following contact information.

• Email: mysgprop.info@gmail.com
• Phone number: (+65) 84188689
• Website: www.mysgprop.com

Key Selling Points

• Freehold at Prime Location
• 55-storeys Iconic in the City of Phnom Penh
• Integrated development with Shangri-La 5-stars Hotel
• Top quality and Super Luxurious finishing
• Listed and reputable Singapore Developer
• Strong demand from foreign expatriates/ elites
• No foreign levy and capital gains tax
• No withholding tax allows liquidating in and out of Cambodia
• Within walking distance to NagaWorld Casino, Embassy of Australia, Embassy of Russia, Ministry of Foreign Affairs, Dreamland

Project Overview

• Type: Residential and Commercial Units
• Developer: Oxley Holdings and Worldbridge Land (Cambodia)
• Completion date: 2020
• Type: Luxury condominium and retail space (Shangri-La Hotel)

1. Residential Unit Information

• Price: From US$236,000
• Yield: Nett 12% guaranteed for 2 years (!)

Discount Structure

• 5% discount if paid 50% upfront
• 10% discount if paid 100% upfront
• 6% discount if you opt-out the 2 years rental guaranteed package

Unit Types and Sizes

• Studio, 43 sqm: US$236,000
• 1BR, 59 sqm: from US$268,000
• 2BR, 88 sqm: from US$329,000
• 3BR, 89 sqm: from US$339,000

Amenities

The two residential towers has as all the amenities you need, including a concierge, swimming pool, yoga room, gymnasium, children’s playground, function hall, steam room, Jacuzzi, landscape skydeck with BBQ pit, reading room, sunset viewing deck and lounge room.

2. Commercial Unit Information

• Price: US$80,000 – US$700,000 depending on the size and the location
• Yield: w/ nett 55% rental guaranteed over 10 years

Payment Structure

1. Pay US$1,200 (SGD$1,700) as reservation fee
2. Within 21 Days (Sign SPA): Pay 30% less US$1,200
3. Progressive payments:
By 30 June 2019 : 10%
By 31 Dec 2019 : 10%
Balance 50% upon completion (estimated Dec 2020)
4% Stamp Duty payable upon Handover (Transfer Fee for Title)

About the developer

Oxley Holdings Limited is a renowned developer based in Singapore. Not only have they completed projects in Cambodia, but in Singapore, UK, Ireland, Malaysia, China, Australia, and much more.

You can read more about The Peak on Oxley’s website, where they include more pictures and information about the project.

Agent contact information

• Name: CS Tee
• Email: mysgprop.info@gmail.com
• Phone number: (+65) 84188689
• Website: www.mysgprop.com