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Naga 3 Casino Cambodia

Asian casino investor NagaCorp Ltd says it expects to invest between US$3.8 billion and US$4 billion in another extension to NagaWorld casino resort in Cambodia’s capital, Phnom Penh. Naga 3, to be developed in a combined land area of 16,837 square metres (181,232 sq. feet), will expand the company’s gaming and non-gaming offerings, said the promoter in a Wednesday filing. Naga 3 will be located opposite to The Peak Shangri-La Development (with CapitaLand Mall).

Hong Kong-listed NagaCorp has an exclusive licence to operate casinos in Phnom Penh and its surroundings. It started Naga 1 in December 2006. That property now links to Naga 2, an expansion that in late 2017. Both Naga 1 and Naga 2 are linked undergroup via the duty free shops.

Naga 3 will be adding a total 4,720 hotel rooms to the NagaWorld Complex, divided by four hotel towers and one 55-storey condotel, as well as a 12-level multi-entertainment podium. Naga 3 will be located adjacent to and connected to the existing property via the NagaCity Walk shopping, it added.

In addition to NagaWorld managed hotels, NagaCorp said it expects to engage one or more well-known international hotel brands to manage some of the hotels in Naga 3.

The Peak Retail Mall Capitaland

The Peak Retail Mall – CapitaLand Retail to Manage Luxury Mall in Phnom Penh, Cambodia

CapitaLand Retail has signed an agreement to manage a mall in Phnom Penh, the capital of Cambodia and one of the fastest growing economies in Southeast Asia.

The mall is the retail component of The Peak, an upcoming high-end integrated development majority owned by Singapore-based developer Oxley, in partnership with Cambodian company Worldbridge Land.

The deal extends CapitalLand’s expertise in operating shopping malls to a new market after Singapore, China, Malaysia, Japan, India and Vietnam.

Mr Wilson Tan, CEO of CapitaLand Retail, said, “As the retail operating platform of the group, CapitaLand Retail is focused on growing our premier retail operations into a global platform. Through management contracts, we can scale CapitaLand’s shopping mall network in an asset-light manner. With CapitaLand’s proven track record in running successful malls across Asia, we are well-placed to explore new growth opportunities by offering our professional expertise in retail management to property owners.”

Located in Chamkarmon District in central Phnom Penh, The Peak is a freehold 55-storey integrated development comprising an office tower, the country’s first Shangri-La Hotel with 300 guest rooms, and two luxury residential towers with 1,014 apartment units sitting atop a mall.

CapitaLand will oversee asset planning, pre-opening and retail management for the five-storey mall with a Gross Floor Area (GFA) excluding car park of about 420,000 square feet (sq ft) and Net Lettable Area of about 260,000 sq ft.

 Currently under construction, the mall is expected to commence operations in 2020.

“Cambodia has in recent years attracted the interest of international retailers – including Singapore-based brands – who are keen to tap the country’s rising spending power and growing tourist arrivals. This has led to an increase in demand for well-located and well-designed retail spaces in the country. Given The Peak’s strategic location in central Phnom Penh and high-grade building specifications, it is well-positioned to meet the requirements of quality retailers seeking to serve the growing aspirations of the city’s community. CapitaLand will leverage our expertise in retail asset management and industry leading retailer network of about 17,000 leases to maximise the retail potential of The Peak,” Mr Tan added.

Located along the river esplanade, The Peak overlooks the Mekong River and Phnom Penh’s bustling cityscape. Surrounded by high-end residential developments and key commercial and government buildings, The Peak’s immediate catchment area covers the prime residential and commercial districts of Chamkarmon and Diamond Island.

In Phnom Penh, CapitaLand also manages three serviced residences through its wholly owned serviced residence business unit, Ascott. They are CASA Meridian Residence, which is operational, and Somerset Norodom Phnom Penh and Somerset Meridian Square Phnom Penh opening this and next year respectively.

Register for More Info HERE

The Peak Cambodia Office

Rare Grade A Office in Phnom Penh For Sale

With the increasing demand of Grade A Office in the capital of Cambodia, we are pleased to announced the launch of Grade A office in The Peak, the most sought after development in the heart of Phnom Penh City. Integrated with world renowned 5 Star Hotel Shangri-La, The Peak consist of hotel, 5-level high end shopping mall, residential units and Grade A office. The impressive facade will make The Peak as a landmark in Phnom Penh upon completion.

All the office units at The Peak come with efficient and functional layout. The practical layout offers buyers the flexibility to combine adjoining units, ideal to both investors or companies who intend to purchase for own use. Occupiers are often mindful of how a building can reflect their overall image and the role it plays in attracting and retaining staff, and offices at The Peak offers an unparalleled experience for the purchasers in term of corporate image.


Soaring 55 storeys into the clouds, The Peak stands tall in the sky. This iconic golden development is poised to become a landmark in the city centre where the world looks up to. With luxurious Shangri-La Hotel, offices, residences, restaurants and retail, The Peak, is the world’s next destination for live, work and play.

Register here for The Peak Office Latest Updates and Pricing.

The Peak 金边地价坚挺 新一轮地产热正在酝酿


毛泽东大道如此,金边其它黄金地段的价格如何呢?在诺罗敦大道上,以铁桥头将道路南北分段,往南地价节节攀高,从刚过铁桥头的每平方米3200美元直到独立碑,一路攀升到6000美元。(這就是The Peak香格里拉項目的坐落地!)



China Trade With Cambodia Set to Increase to 5 Billion

The Cambodian government are planning to boost their bilateral trade with China to $5 billion by 2017, up from 3.5 billion in the previous year, as the Kingdom looks to increase trade contracts and exports of local food products.

At a business matchmaking event organised by the Ministry of Commerce and Cambodia International Chamber of Commerce, Chhuon Dara, secretary of state at the Commerce Ministry, said that locally made goods could be highly competitive in the Chinese market, despite certain products needing to meet Chinese requirements.

“Owners of the companies, whose products are still not qualified to be exported, should try to additionally research, develop its products for better quality in order to enter international market,” said Dara.

Several product manufacturers were unaware of the standards required by Chinese distributors.

Leang Bibi, sales manager at coffee exporter Three Corner Coffee Roasters, said an open and transparent discussion with his Chinese counterparts would better enable him to gauge the Chinese market.

“We’ve heard the speeches, but I want to know more about the details of exports,” Bibi said.

With more investors coming to invest in Phnom Penh, the demand for housing will surge, especially demand for high end residential development. The Peak – a luxury development by Oxley, integrated with world renowned Shangri-la hotel is expected to draw investors’ attention.


The Peak – 柬埔寨房地產投資


自2008年金融风暴袭击全球后,柬埔寨房地产市场逐渐复苏。这些年, 柬埔寨的房地产市场有繁荣的潜力,一直不断的发展。这是因为经济不错,基础设施有进步,又有许多外商的投资。尤其是知名品牌The Peak项目



柬埔寨的房地产市场有可能会受影响因为国际竞争力强。例如比较与越南,越南新的法规更宽松,允许外公民拥有任何的公寓而柬埔寨的法规不允许外国人购买一楼的房地产。虽然有国外的竞争力强大,柬埔寨的房地产还是报纸坚定。这是因为她的经济蓬勃,吸引了很多外国投资。在ADB的预测报道,柬埔寨的经济从现有的7.3%,在明年会回升到7.5% 。 柬埔寨的最大优点是她的经济有稳定的增长所以投资者会有信心在柬埔寨的房地产投资。




最近,有新的计划来扩展国内的机场,附近的狮城和百盛购物中心,会让附近的房地产更受欢迎。这地区会变成一个住宅和商用枢纽,吸引更多的投资。由于有新的居民和投资者,附近机场的轴住宅和果园别墅盛大也能一致继续发展。一旦地区的道路有改善,公共交通变的更方便或能容易到达中央商务区 。CBRE的主任认为改善的基础设施会欢迎新的发展和投资,改造城市景观和让附近机场的住宅不断的发展。此外,政府也公布从现在起,运用2004和371 的道路不用还收费。据专家预测,房地产在靠近道路,有潜力发展。据柬埔寨21世纪房地产公司近日发表的报告,自2015年起,随着巴里岛度假酒店项目、钻石云庭、 薇丽雅广场和The Bridge的大型公寓开发项目的建成,金边的公寓市场将进入新的发展时期,截至2018年公寓的单元将增加1万个。 豪华公寓的发展最近开展了不少新的豪华公寓,例如豪华公寓的The Bay柬埔寨。这公寓收到熱烈的反應。与此同时,明年年底会推出完成的豪华公寓Embassy Residences(使馆公寓)在城市的外交区,洞里萨巴塞。公寓的设施不错,地理位置又优越,一定会吸引很多买者。即將開賣的 The Peak 金邊也受到了國際投資者的青睞。将来也会建造越来越多契业权的现代公寓,这让外国人比较容易投资和在自己的名字之下拥有公寓。


The Peak-柬埔寨五星級公寓

The Peak是我们精心打造,集合住宅,商铺,办公室和酒店于一体,推出崭新独一无二的综合项目。作为业主,与知名酒店香格里拉分享统一地址将成为您的特权。同时这里所以高级餐厅,酒廊,宴会厅都会将竭诚欢迎您的光临。


The Peak 的外层为时尚的古铜色,象征着奢华华贵。精心设计的双子大厦均为宏伟壮观的建筑,极富动态的设计感,与周围的景致相映成趣,并各拥有大约500间住宅。


The Peak 坐落在柬埔寨金边的中心地带,毗邻河畔大道,坐拥这座城市的交叉路口,前往周边的永旺梦乐城,金界酒店,国民议会大楼,外交部和澳洲大使馆等地仅需步行几分钟,地理位置无比适中优越。独立纪念碑及Preah Sihanouk 大道距离也仅是近段车程。




The Peak柬埔寨金邊为来客呈上令人心动的零售惊喜,令人惊艳的美味餐厅以及最激动人心的娱乐商场,必定令您在此流连忘返。此外,周边的各大商场也是享受美好购物体验的好去处。




您可以在13A层的现代健身房中肆意挥洒汗水,展现健康活力; 也可以呼朋唤友,在烧烤亭,池畔酒廊或多功能厅与亲友共聚一堂,尽享欢乐; 还可以在蒸汽房中洗去疲惫,让您的感官在此刻得到升华。




The Peak 的生活极富情调,您可以在舒适房间中远眺金边市,钻石岛,洞里萨河,每时每刻都饱览焕彩流光的城市美景。







The Peak Cambodia-An oasis in Phnom Penh

1. Cambodia is the up and coming market in Southeast Asia

Since the year 2010 Cambodia government open its door to foreign investors, we have seen many foreign developers ventured into this jewel in Southeast Asia. The Chinese, Hong Kongers, and Singaporeans in particular are scouring Asia for opportunities to invest as a safe haven for their cash.

While Cambodia is definitely among the most emerging of markets here in Southeast Asia, prices are still somewhat reasonable. The land price in Cambodia has double given the strong interest from international investors. Nonetheless, given the positive outlook of the economy, Phnom Penh is poised to offer investors great capital appreciation potential.

2. Real estate investment flexibility

As an emerging market that offers promising growth, Cambodia government has an encouraging and transparent policy that attract the international investors to invest. There isn’t any capital gain tax on your property when you sell, and also there isn’t any restriction if you choose to flip you property for a profit before completion.

3. Tourism to Cambodia is growing.

Tourism in Phnom is growing, bring in millions of potential property investors every year. Many multinational companies and renowned food and beverage (F&B) brands had set up their company here, mainly in the newly open AEON mall. The land price in Phnom Penh has double comparing to 4 years back. We have seen a strong yield of 9-11% over the past 2 years, and is expected to remain strong.

4. International groups & expats are locating here.

Set aside oil companies like Chevron negotiating profit sharing deals with the government. A large number of international real estate companies, chain restaurants, and other concerns are setting up shop here.

International groups that are already here are expanding their presence. One of the largest international schools,  is moving south in the city and expanding their footprint.

Other companies are following suit. International companies, which can deploy their capital anywhere, are choosing to increase their bets on Cambodia having already seen the results.

5. The benefits of foreign real estate on steroids.

Investing in real estate in Cambodia is different from your past experiences if you live in the west. Adaptation is the most important financial survival technique when taking part in what I call the world’s “new boom markets”.

For example, the title system here is very unregulated. There is no official property data or analytics, and any you could compile would be inaccurate. The market here is quite informal, yet the real risks are rather low.

Cambodia has one of the world’s youngest populations and is well-positioned in a growing region with emerging tourism, resources, and labor opportunities. There is plenty of room to offer “value add” here and outpace any competition, be it in real estate or anything else.

We have seen examples of places like Dubai and Cancun where the place went from zero to sixty practically overnight. Cambodia has great potential to be a similar success story. At some of the prices here, anyone can get into the game, with the massive credit bubbles and zero down loans we’ve seen propping up worthless property values in far-flung California desert cities.

The Peak Cambodia – Strong economic growth

Cambodia GDP inflation, the Cambodian economy was estimated to have expanded by about 7%, according to the International Monetary Fund (IMF). During the first nine months of 2014, the total number of foreign visitors who visited rose by 5.83%.

Cambodia continues to enjoy robust growth, albeit at a slightly slower pace. Real growth in 2014 is estimated to have reached 7%. The garment sector, together with construction and services, in particular finance and real estate, continues to propel growth. However, the 2015 and 2016 projection for economic growth is about 6.9%, as it confronts stronger competition in garment exports, continued weak agriculture sector growth, and softer growth in the tourism sector.

Cambodia has made good strides in improving maternal health, early child care, and primary education programs in rural areas. The number of deaths per 100,000 live births decreased from 472 in 2005 to 170 in 2014, the under-five child mortality rate decreased from 124 per 1,000 live births in 1998 to35 per 1,000 in 2014, and the net primary school admission rate increased from 81% in 2001 to 94.3% in 2012.

The outlook is for economic growth to pick up in light of anticipated stronger performance in trade partners – the United States and Thailand and, to a lesser extent, the European Union – coupled with a calmer domestic political environment and lower fuel costs. The gross domestic product is projected to increase by 7.3% in 2015 and 7.5% in 2016.

Over the medium term, growth will be stimulated by gradual diversification into light manufacturing and further integration into regional and global supply chains.

Phnom Penh is now an elegant, well-planned, prosperous city – whitewashed, bristling with economic activity. Over the past 2 years, it had attracted many foreign investors from Taiwan, China, Malaysia, Singapore and Japan to venture into this jewel in South East Asia

The Peak Cambodia – Attractive returns on apartments in Phnom Penh

There are different interpretations between apartments and flats in Cambodia. Cambodia defines apartments as non-landed housing units in a building, or what is commonly known in the wider world as condominiums. Flats, also known as shop houses, are landed properties, with a ground floor, and up to two or three floors. Flats are the equivalent of row houses.

Foreigners are not allowed to own land in Cambodia, they can only purchase apartments.As the transacted price of properties is not publicly available on any website, this survey is about the prices of flats (row houses) and villas.

Flats in Phnom Penh, Cambodia’s capital city, cost around US$3,000 per square metre (sq. m.). We surveyed flats located in the prime residential areas of Phnom Penh, like Daun Penh (KDP), Tuol Kork (KTK), Chamkarmon (KCKM), and 7 Makara (K7MKR).

Rents range from US$9 per sq. m. to US$13 per sq. m. per month. A 65 sq. m. flat costs US$600 per month to rent. A 120 sq. m. flat costs more than twice as much, at around US$1,500 per month.

The gross rental yields for flats in Phnom Penh, i.e., gross return on investment in a flat if fully rented out, ranges from 3.27% to 5.33%.

Villas are more expensive than flats, ranging from around US$3,500 to US$4,500 per sq. m., with smaller villas fetching the higher prices.

Rents are also highest for smaller villas. For example, a 150 sq. m. villa costs around US$13 per sq. m. per month, while a 300 sq. m. villa costs only US$9 per sq. m. per month.
Villas earn poor rental yields, ranging from 2.8% to 3.43%.


Source : globalpropertyguide

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