2024-11-26 UPDATED
USD 173,399 ~ 552,963
CEO Center
Veal Vong Phnom Penh Cambodia
49.29 ~ 95.45 ㎡ 1 ~ 2 Bedrooms
Type of Property | Condominium / Apartment |
---|---|
Access | A 40-minute drive to Phnom Penh International Airport |
Total Levels | 33-Story |
Built in | 2024 |
Total Units | 1116 |
Immediate Move-in | No |
Expected Move In Date | October 2024 |
Size | 49.29 ~ 95.45 sqm(㎡) / 530.55 ~ 1027.41 sqf |
Land Rights | Freehold |
Floor plans
1bed
- 49.29㎡
- 1
2bed
- 95.45㎡
- 2
Description
【Property Introduction】
This property is a large-scale project located in the heart of Cambodia's capital, Phnom Penh, within the Khan 7 Makara administrative CBD area.
The Khan 7 Makara administrative CBD area is situated at a central point connecting all districts of Phnom Penh. Nearby landmarks include the Olympic Stadium, used for sports events, as well as government institutions, offices, and numerous bank branches, making it a highly accessible area. The property is also integrated with the five-star Wyndham Hotel, positioning it as a potential hub for the city’s growing economy.
This twin-tower project consists of 1,116 units across 33 floors. The property features extensive shared facilities, including a gym, bar, spa, lounge, banquet hall, and rooftop pool. Tower A will operate as the five-star Wyndham Hotel, while Tower B will serve as a residential area. The top floors will feature shared facilities such as an infinity pool connecting Towers A and B, offering residents a luxurious experience.
【Average Yield】
The property offers a rental yield guarantee of 6.5% annually for the first five years after purchase. Following this period, returns will be distributed to owners based on the performance of the hotel operations. The estimated average yield over 10 years is 9.2%. Due to its excellent location and management by a five-star hotel, the property may deliver returns exceeding expectations, making it a promising investment opportunity.
【Surrounding Environment】
・5 minutes by car to the Olympic Stadium
・7 minutes by car to Central Market
・30 minutes by car to Phnom Penh International Airport
This property is conveniently located within a 10-minute drive of key areas such as Boeung Keng Kang, the Olympic Stadium, and Central Market, which offers everything from local goods to souvenirs and jewelry. Its prime location ensures it is ideal for both business and leisure purposes, making it highly appealing to a wide range of residents and investors.
【Real Estate Prices and Growth in the Surrounding Area】
As of 2023, Phnom Penh’s population exceeds 2 million and is expected to continue growing. With a large proportion of young people and ongoing urbanization, demand for residential and commercial spaces remains high. By 2035, the population is projected to reach 6 million, leading to an increased labor force and expanding demand in sectors such as services and manufacturing.
Ongoing infrastructure development and urban planning are further fueling growth in the real estate market. These factors, combined with new developments in Phnom Penh’s central and emerging areas, support the city’s continued urban expansion and present significant opportunities for investors.
Developer information
Lixin Land Co.,Ltd.
LIXIN Group is a multinational real estate company established in 2013, headquartered in Phnom Penh, Cambodia, for its Southeast Asia operations. The group primarily focuses on real estate development and operates across eight diversified sectors: hotels, culture and tourism, multinational property management, e-commerce, cold chain logistics, culture and media, and catering and gastronomy. Additionally, it is involved in developing the Sihanoukville New City project in Sihanoukville, a popular resort destination in Cambodia.