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 Penthouse Residence showroom in Phnom Penh. We are here with Mr. Imsouchivy Suos of the Penthouse Residence project. See the full listing and inquire today!
Tell me about the Penthouse Location:
The Penthouse Residence is in the heart of Phnom Penh city, the capital of Cambodia. The Penthouse Residence is a condominium complex that is located in the most developed and fast growth region of the city right along Sothearos Boulevard, just across the street from AEON mall and Sofitel Phnom Penh Phokeethra and very close to many other well-known institutions, international school, embassies, etc. Especially, this project is also very close to many tourist attractions such as the Royal Palace and Independence monument as well as the riverside and Diamond Island (Koh Pich).
Who is this development for? What sort of buyers?
Mostly middle-income Cambodian family and other foreigner who would like to invest or live in a modern lifestyle. The design concept is very attracting since The Penthouse Residence design is focused on Western Contemporary together with a very unique location, facilities and competitive price available for our customers. Among the 50% sold of our units, we noticed that there are a mixed of investors and customers who are not just from Cambodia but also Canada, USA, France, Japan and Australia.
Talk me through the main features; why should a new home buyer consider this development?
Beside the unique location, we also a very unique design with the corporation with the world class designer Sangiogior (Italy), 24/7 security, gym/sauna, sky bar, Infinity Pool and the unique glass design which could allow the condo owner to view the city view such as the Royal Palace, Tonle Sap River, Mekong River, Chaktomok River and Independence Monument right from their apartments. Beside this, on the top of our building, there is also first and only world class revolving restaurant to give the customers a 360 degree panoramic view of the city skyline. Surrounded by conveniences of international standard, located next to premium residences and business centers such as the Sofitel hotel, Aeon Shopping Center and ICAN British International School to name a few, make The Penthouse Residences the most desired address in Phnom Penh, especially for the new home buyers.
Tell me about the quality of the builder, architect, finishes?
We assembled a team of local and international engineers, architects and designers. For both exterior and interior designs are world class approved includes the cooperation with Sangiorgio (Italy), HAFELE (Germany), Cotto (Thailand) and many more. The Penthouse Residence project will be done by the end of 2018 with international 5 stars quality.
What types of units are available, at what price ranges?
- Comfort (1 bedroom)
- Suite (2 bedroom)
- The Penthouse/Richmond
What investment potential is there?
This project has so many potentials that is very attractive to our customers. With a very unique locations and reasonable price, our sales was over 30% before the Grand Opening and is over 50% today. We are also willing to rent back the condominium from our customers with 18% rate of the total purchase price within the first three years.
What are the main 3 unique values of The Penthouse Residence?
- Reasonable/Competitive price
- Unique location with a lot of potential to growth
- 5 star international standard quality with a very unique Western Contemporary Design