Earlier this month in Singapore, at a Cambodian development’s inaugural launch, overseas investors and buyers experienced healthy sales. This coming weekend offers another opportunity for local buyers to see what the benefits are in investing in Phnom Penh High Park Residences.
According to the real estate firm known as CBRE, a prime Cambodian residential condo project, Axis Residences, acclaims itself with its extremely competitive amenity pricing and quality facilities in this quickly flourishing city of Phnom Penh.
High Park Residences Fernvale Singapore Condo
Earlier this April in Singapore over 100 visitors were in attendance for this projects very first sales expo, where it sold to a diverse pool of both foreign and local investors in High Park Residences.
Edwin Low, the General Manager for Cambodian developer Spring CJW, stated that they were pleased with investors positive response as well as the favourable take-up at the expo. He feels this is an affirmation that they are indeed on the right track with a philosophy that aims to design and deliver projects that are well built, set in good locations and have quality finishing. He further adds that their buyers have shown that they too have a shared affinity for the developers philosophy.
New Fernvale Sengkang Road High Park
Highly discerning investors know a top quality project when they see one, adds Low. Axis Residences’ quality layout, first class full condo amenities and facilities is something that resonates very well with local Singaporean, Cambodian and foreign investors alike in High Park Residences.
Low further points out that before the public launch, the project was 60% pre-booked and add in the good take up for this inaugural expo in Singapore, you get a testament of just how much this local market is maturing with a growing demand for condominium projects that are “A” Grade.
The condominium development project consists of 566 units and a total of eight towers that are 10 storeys each. There is also a suit that offers over 20 leisure and sports amenities including a tennis court, Jacuzzi, outdoor and indoor gymnasium, swimming pools, a half basketball court, outdoor and indoor playgrounds for children and abundant space for parking High Park Residences.
High Park Residences
Over the past 10 years, from 2005 to 2014, data has shown that Cambodia has achieved an excess of 7.5% GDP growth average. Cambodia’s economic growth has been projected, by the World Bank, to continue this trend for 2015 and 2016 of 6.9%.
The emergence of corporate occupiers from multinational High Park Fernvale Road backgrounds setting up in Phnom Penh have been tracked by CBRE Cambodia Research and show that these occupiers come from a range of industries, all having confidence in the story of Cambodia’s growth. Represented sectors include the textile and garment trade, financial services, mechanical automobile and high value electric.
Most notably is the PPSEZ, or Phnom Pehn’s Special Economic Zone, as being the kingdoms leading economic zone. PPSEZ, after being in operation for 8 years and having 77 domestic and international manufacturers/investors, has a mission to contribute actively and promote the development of Cambodia as a destination for global and bigger FDI (Foreign Direct Investments). PPSEZ is situated around 6 kilometres from the international airport of Phnom Penh.