Cambodia’s consistently high GDP growth, freehold foreign ownership laws and emerging market fundamentals are encouraging property investors and developers from around the region and the world to shift their investment target towards the Kingdom.
For those seeking luxury living in the heart of Phnom Penh’s CDB, One Park Condominium represents one of the nation's most sophisticated offerings; a development by the renowned developer Graticity Real Estate Development Co., Ltd. (GRED).
On the 19th of April 2017, One Park Condominium celebrated their “topping out” ceremony on the construction site of the project in Phnom Penh.
This event highlighted the unique proposition of One Park, a project set to redefine high end living standards in central Phnom Penh, offering a lifestyle for residences yet to exist in the Kingdom’s property sector. The event also demonstrated the high quality and speed of the development’s construction thus far.
After breaking ground in 2015, One Park’s construction has continued 24 hours a day, 7 days a week. The first phase of shophouse and retail units will be ready for handover by mid-2017, while the first phase of 1,600 condo units are expected to be released to buyers by mid-2018.
The ceremony was widely attended by leaders from throughout the real estate and development industry, GRED’s local and international management team, and the representatives of China Construction (S.E.A) (Cambodia) Corporation - One Park’s dedicated construction partner. Local, English, and Chinese media partners were also in attendance at the event, in order to share the news of the structural completion of the project to the the Cambodia and regional property market.
Units in the development include smart and chic, small to medium-sized one to two bedrooms. There also will be large and elegant three-bedroom and penthouse units. The entire project occupies over 7.9 hectares of land area, a firm base for 2.5 million square feet of floor area for all the units of the project.
One Park condominium can be considered as the pioneer for introducing the "community" concept in Phnom Penh, which is set to redefine the future trend of the real estate market in Phnom Penh.
One Park is focusing on creating the highest standards for living and will feature a set of natural gardens, sports and leisure facilities, an eco-friendly environment, education resources, and community operations. The development is certainly set to bring luxury lifestyle to a new level.