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The Royal One Condominium

Monourom, 7 Makara, Phnom Penh

Sale price$224,400$4,400/m²
8%Expected Rental Return?
20%Construction Progress?
2023Completion Year?

The Royal One Condominium

Details are emerging in the market regarding a major new development project in central Phnom Penh. The Royal One Condominium, a project of the Royal Group of Companies (Cambodia), will have two towers and stand with a height of 62 floors. It will be located strategically along Monivong Boulevard – in front of the Ganesha Statue, not so far from the airport – and will have a view of the cityscape.

Innovation and Design of The Royal One: The project has been designed around the concept of effective land use, allowing two towers to fit into a relatively limited land area - the plot being located on Monivong Boulevard, near to Central Market and Canadia Tower. The first of the two towers will serve as an office building and the second one as a hotel and residential building. A retail podium will also be constructed, along with several parking floors. Aesthetically, the developers will be utilizing lines and patterns as an attempt to give it a modern and sophisticated appeal. They also plan to feature a modern man-made waterfall in between the two buildings, further intensifying their aim to turn it into a “forever landmark”. Prices for luxury condominium units are projected start at around $3,500 per square meter.

The construction of The Royal One development start in 2020 and is expected to reach completion by the end of the year 2023. About the Developer of The Royal One: The Royal Group is a holding company and a large diversified conglomerate that has investments across various Cambodian industries – telecommunications, banking, resorts, education, media, insurance, trading, property, and agriculture. Among the many successful projects they’ve invested in are the Embassy Palace Serviced Apartments, Northbridge Communities, North Park Condominiums, Royal Park Resort in Siem Reap, Hotel Cambodiana, Titan King Casino & Resort Hotel, and the Royal Railway.

Highlights

High Return YieldBrand Developer
High Appreciation Value

Project Overview

Total units: 274Unit type: CondoBedrooms in a unit: 2 to 3Floor areas: 102 m² to 132 m²Floors: 62Title: Hard Title / Freehold
Developer: OTK Roayl One by Royal GroupListed: 2 years agoUpdated: 7 months agoProperty ID: 59265Original ID: Royal One Condominium

Security

Alarm SystemFire AlarmFire sprinkler system
Reception 24/7Video Security

Amenities

Backup Electricity / GeneratorCar ParkingCommercial areaCommon AreaGym/Fitness CenterJacuzzi
Lift / ElevatorNon-FloodingOn main roadSports FacilitiesSwimming Pool

Property Features

Balcony
Serviced Property

Views

City Views

Properties in The Royal One Condominium

$454,008
$479,495
$504,982
$530,469
$555,956
$581,443

Nearby Places

Nothing selected

Developer and Location Profiles

OTK Roayl One by Royal Group

OTK Roayl One by Royal Group

For Sale

For Sale

1 Homes
For Rent

For Rent

0 Homes
0

Agent

0
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7 Makara

Buy

Buy

$48K - $277K

Rent

Rent

$525 - $3K

289

For Sale

289 Homes
For Rent

For Rent

279 Homes
See Neighbourhood Highlights

Loan Calculator

30%
%
years
$2,527/month
Property Price
$224,400
Interest
$55,211
Total
$279,611

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