Logo

Cheerful Bay

Street Lum, Sangkat Buon, Sihanoukville, Sihanoukville

Sale price$99,480
7%Guaranteed Rental Return?
2021Completion Year?

Cheerful Bay

Cheerful Bay, located in the harbour city of Sihanoukville, will be the area’s foremost integrated hotel development.

Luckily, the project is highly regarded by the Preah Sihanouk provincial government and Cambodian Prime Minister Hun Sen. Holding a gaming industry licence from the authorities of Cambodia, the developer of Cheerful Bay is set to operate the Haoli Entertainment Grand Centre, a compound which will be one of the largest complexes of its kind in the region. Spanning 470,000 sqm and offering gaming, hotel amenities, leisure activities, catering and other businesses, the structure also offers an exclusive seaside helipad, the only one in Sihanoukville.

Emulating the Venetian Macao, Cheerful Bay has already attracted the attention of many gaming operators and tourists worldwide. The Cheerful Bay will have 17 branded hotels on the premises including Sweetome and Wyndham. It has both commercial spaces and high-end apartments. Through these, investors can bring in high returns or have the perfect overseas home. After tax, an annual rate of return could be up to 6 percent. This stands in contrast to the average of 2 percent in first and second-tier cities of China.

Just 20 metres off the waterfront, sitting on the famous Otres Beach, Cheerful Bay covers a site area of ​​nearly 40,000 square metres. The complex of hotels and apartments consists of eight buildings, which all host unobstructed sea views. Block H has three 29-storey buildings, while Block G has five 20-storey buildings. There will be a total of 3,683 fully decorated and furnished holiday apartments, in sizes ranging from ​​52 to 300 square metres. Handover is expected in June of 2021.

Cheerful Bay represents a rare moment in the trajectory of Sihanoukville. As a top-notch entertainment complex of ​​over two million square metres, it stands in a class of its own. With a simple down payment, you will own a classic hotel-home condominium in Sihanoukville, uniquely surrounded by star-standard hotels. Managed and consulted by the Suncity Group, Cheerful Bay will become an international entertainment legend, with a footprint that spans many commercial functions. Cheerful Bay will become the centre of Cambodia’s new coastal metropolis.

Project Overview

Total units: 683Unit type: CondoBedrooms in a unit: 1 to 4Floor areas: 51 m² to 303 m²Floors: 29
Developer: Yunnan Jingcheng Group Co., Ltd.Listed: 8 months agoUpdated: 3 months agoProperty ID: 108252

Property Features

Air ConditioningBalconyFully FurnishedInternet / Wifi
Pay TVPet FriendlyServiced Property

Security

Alarm SystemFire AlarmFire sprinkler system
Reception 24/7Video Security

Amenities

Backup Electricity / GeneratorCar ParkingCommercial areaCommon AreaGardenGym/Fitness CenterLift / Elevator
Non-FloodingOn main roadPlaygroundSaunaSports FacilitiesSwimming Pool

Views

City Views
Sea / Ocean Views

Properties in Cheerful Bay

$132,650
$376,035
$619,421
$862,806
$1,106,192
$1,349,577

Nearby Places

Nothing selected

Developer and Location Profiles

Yunnan Jingcheng Group Co., Ltd.Yunnan Jingcheng Group Co., Ltd.Cheerful Bay is independently planned and developed by the well-known Chinese developer, the Jingcheng Group. The group is a considerably powerful and experienced in commercial ...The ultimate guide to SihanoukvilleThe ultimate guide to Sihanoukville Sihanoukville, or Kampong Som in Khmer, is the fourth-largest city in Cambodia. It sits on the southern coast and is a hub for trade, business and tourism. The coastal city is th…

Loan Calculator

30%
%
years
$1,120/month
Property Price
$99,480
Interest
$24,476
Total
$123,956

Projects Similar to Cheerful Bay