Jum reap sour! And welcome to another weekly Real Estate News Report brought to you by Realestate.com.kh. The leader in real estate news in the Kingdom and the best place to find your new home.
Welcome to the Realestate.com.kh Property Review series. On this week’s show, we’re live at Axis Residences showroom in Phnom Penh. We are here with Mr. Anthony Ong, Director of the Axis Residences project. See the full listing and inquire today! Tell me about the AXIS location: Anthony Ong: Axis Residences is situated 5 minutes from the recently expanded Phnom Penh International Airport and in the same vicinity of Northbridge International School (among other international schools), the best medical hospitals (Royal Phnom Penh) in Phnom Penh, the upcoming mega shopping complexes (Lion City & Okide The Grand) and around 6km from both the current city center and the much talked about PPSEZ (Special Economic Zone). This condominium shall be a landmark of contemporary lifestyle and quality in the exciting and upcoming western district. Who is this development for? What sort of buyers? Anthony Ong: For locals & expats who want to live near where they work. Mainly, factories owners and managers located at Veng Sreng Boulevard and the Phnom Penh Special Economic Zone. Locals who want to enjoy quality and contemporary living and cannot afford the high prices in the city center. Investors who understand how all developing countries progress and potential of growth near the airport. Talk me through the main features; why should a new home buyer consider this development? Anthony Ong: Axis Residences features Eight (10-storey) blocks comprising 566 freehold residential units and >566 carpark lots – the only condominium in Cambodia that features a car park lot for every single unit. AXIS will be set amid lush greenery and fitted with full condo amenities – truly Singapore Garden City Style. All units are either North or South facing without direct sunlight and facing the pool of golden reflection as the sun rises and set. AXIS is also the first Cambodia development with full condo Facilities including a 50-meter swimming pool, a children’s play pool, playgrounds, indoor and outdoor gymnasiums, tennis courts, basketball court, function rooms, BBQ pits, commercial units and a grand drop-off porch among others. AXIS is conceptualised, designed and managed by SPRING CJW Development Pte Ltd and the team of Singapore Consultants; project managed and construction managed by SANWAH Project Management Pte Ltd (SANWAH) - design from AGA Architects Pte Ltd (architect), ICON LLP (M&E Engineer) & KCL Consultants Pte Ltd (Structural Engineer). [caption id="attachment_81534" align="alignleft" width="488"]
Anthony Ong, director of the Axis Residences project[/caption]
What is the quality of the builder, architect, finishes?
Anthony Ong: AXIS is conceptualised, designed and managed by SPRING CJW Development Pte Ltd and the team of Singapore Consultants; project managed and construction managed by SANWAH Project Management Pte Ltd (SANWAH) - design from AGA Architects Pte Ltd (architect), ICON LLP (M&E Engineer) & KCL Consultants Pte Ltd (Structural Engineer).
What types of units are available, at what price ranges?
Anthony Ong: With a range of design-centric 1, 2, 3, and 4-bedroom homes, you will be spoilt for choice as you take in panoramic views of Phnom Penh’s ever-changing city landscape and property boom. Our top-notch flooring, finishing and fittings as well as kitchen appliances and gadgets have also been carefully chosen to cater to the most discerning of tastes and the most impeccable of standards. At Axis Residences, you and your loved ones will lack for nothing here, so come on by and ask us about your new homes today. Pricing starting from $96,852.
What investment potential is there?
Anthony Ong: We are proud to assure that AXIS units are very competitively priced and is an absolute value for money – either for short term turnaround investment or long term investment gains/ leasing gains. i.e. AXIS has the unique benefits of both short term and long term investment gain. A short term investment gain is when the property is purchased at a “hot” area i.e. at city center – investment price is high and the turnaround needs to be quick before the area cools and congest. A long term investment gain is when a property is purchased at areas anticipated to be developed. The waiting time will be longer although the potential gain is high. AXIS RESIDENCES is located near the city center and is now in the heart of a booming district, the future city center and is being offered at a very attractive price; the potential gains to be made is thus tremendous and a choice consideration for all investors.
How does this development stand out against the rest?
Anthony Ong: 40% of the land are being used for landscape and facilities. You don’t see that in Cambodia as most developers would view it as a waste of cost. Having more car parks than units is also not common in Cambodia context. Axis Residences being the first and the only one condominium in Cambodia that incorporates features to harness green energy to provide stable electrical supply and at the same time reducing utility and maintenance cost for all residents.
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