Showing posts with label Singapore developer. Show all posts
Showing posts with label Singapore developer. Show all posts

Friday, 4 September 2015

HUTTONS INTERNATIONAL is now in CAMBODIA PHNOM PENH

Huttons CPL


Phnom Penh: On September 4, 2015, Huttons CPL officially launch at Raffles Hotel Le Royal at 8.00am. Huttons CPL is a Partnership between Huttons Real Estate Group and CPL.


CPL has over 17 years of direct experience in the commercial, retail, residential and industrial real estate markets of Phnom Penh, Siem Reap, Sihanoukville and other locations in Cambodia. The experience and expertise they offer along with a vast selection of Land, Housing, Condominiums, Retail and Office Space will help clients with all their real estate needs in Cambodia.


Huttons Real Estate Group is one of the fastest growing real estate companies in Singapore. It was established in 2002 and has grown to over 3500 real estate associates, and it is still advancing in strength. The group comprises Huttons Asia Pte Ltd (HAPL) and Huttons International Pte. Ltd. (HIPL), both incorporated under the Companies Act (Cap. 50) of the Republic of Singapore. Huttons strives to be The Agency of Choice for discerning clients by offering the best service standards, the most optimal response time, and the highest level of professionalism in the real estate industry.


Managing Director Lok Ouknha CHENG Kheng of CPL

Managing Director Lok Ouknha CHENG Kheng of CPL


Managing Director Lok Ouknha CHENG Kheng of CPL said that this partnership is to allow the joint effort of the two companies to strive to become the agency of your choice in Cambodia.


Huttons CEO Mr Goh Kee Nguan

Huttons CEO Mr Goh Kee Nguan


Huttons CEO Mr Goh Kee Nguan added that the partnership offer customers, an easy way of buying and selling of real estate, both inside and outside the country.


This is not Huttons International first appearance in Cambodia Phnom Penh. In fact, Huttons International has already step foot into Cambodia Phnom since last year marketing Oxley Holding first development in Cambodia – The Bridge. Following the success of The Bridge, they are currently marketing The Peak @ Cambodia Phnom Penh, which was launch recently in Singapore on 28th August 2015.


PropertyFactSheet.Com will take this opportunity to congrats Huttons Real Estate group on their expansion into Cambodia Market. This will surely provide assistance to their client in all the necessary resales, subsales and rentals of their clients’ Cambodia properties.



HUTTONS INTERNATIONAL is now in CAMBODIA PHNOM PENH

Monday, 31 August 2015

Singapore investors moving into Cambodia real estate

The Peak RiverView


Singapore property investors are dipping their toes into homes in the Emerging market of Cambodia real estate, though in relatively small numbers.


In August, Singapore Mainboard-Listed developer – Oxley Holding, preview launch Tower 1 of the 55-storey The Peak in Singapore.


Only 16 levels of the 507 units Tower One was released in Singapore Preview Launch.


A number of Studio units, out of 32 units released were snapped up by investor following the launch.


According to Developer’s releases information, a Memorandum of Understanding were signed between them and Shangri-La Holding dated back to 23 October 2015 and a further agreement with Shangri-La international hotel management Limited to manage and operate hotel in Phnom Penh was released on 27 April 2015.


Following Singapore Preview Launch, it will be Taiwan and then Cambodia Preview Launched.


Construction for the development is estimated to conclude in Dec of 2020.


According to Phnom Penh Post, the developer earlier project – The Bridge which is estimated to complete in 2018, had seen 100 per cent of the development’s residential 762 apartments, penthouses and residential units been taken up and the others SOHO units about 80% sold.


Meanwhile in March, a Singapore developer – Yuen Development, launched phase one of the 17-storey La Vie Residences in the capital Phnom Penh and also Cambodian developer SGPD Corporation launched The Skyline on May 24, a mixed development in the heart of Phnom Penh’s central business district.


According to Asiaone, Yuen Development chief executive Darren Yap said 60 per cent of the 180 units (Phase One) in the Chroy Changvar precinct have been sold.


Also, Anthill Realtors, the agency managing sales, has reported that 70 per cent of the 792 residential units had already been sold since the preview in March.


Buyers of all the earlier development comprises of Investor from Singapore, Taiwanese and Cambodians with the bulk of them being Cambodian.


“As a foreign investor, you want to buy a product that local people want to buy, because it is safer for a resale market.” Said Ms Rhonda Wong CEO of Anthill Realtors.


Many buyers were entry-level investors drawn by guarantee rental yield.


Another draw is that for some others projects such as The Peak, buyers fork out only half the purchase price before completion.


Looking forward, with more and more development becoming available to Singapore’s Investor, Cambodia will become the next investment hotspot in Singapore.



Singapore investors moving into Cambodia real estate