- 20/03/2018: Latest News!! CapitaLand has been appointed to manage The PEAK Retail Mall in Phnom Penh, Cambodia. Coming Soon. Stay Tuned!
- 12/02/2018: NagaWorld Profits up by 39% for 2017 and is one of the most profitable in the world! “Tourist visitation to Cambodia was up 12% to 5.6m vistors last year, while arrivals at Phnom Penh International Airport was up 21%”. Invest in The Bridge & The PEAK which are within a short walk away!
- 02/02/2018: Japanese firm unveils plans for World Trade Center in Phnom Penh!
- 18/01/2018: Cambodia plans to build one of the world’s biggest airports. Source: Straits Times
- 10/01/2018: More than a dozen Chinese companies inked deals to purchase about $526 million worth of agricultural products from Cambodian firms.
- 05/01/2018: The Peak Retail Mall Coming Soon. Register for Latest Updates/VVIP Discounts!
- 02/01/2018: Japanese property firm Leopalace21 Corp will build a serviced apartment complex in Phnom Penh costing $15 million to cater to the growing demand from foreign business executives and short-term travellers in one of Southeast Asia’s fastest-growing economies, according to a report in the Japan Times last week.
- 18/12/2017: Grab enters Cambodia, offering hail riding services in its latest expansion in South East Asia.
- 08/12/2017: Peng Houth to invest $60 million in amusement park along National Road 1 as new tourism destination to attract more local and international tourists!
- 06/12/2017: Chinese companies last week pledged some $7 billion in new investment in Cambodia. The new projects would include an expressway from the capital, Phnom Penh, to the coastal port city of Sihanoukville. Also on the table is the construction of another satellite city near Phnom Penh, the construction of a tourism center, and the launch of a new commercial bank.
- 05/12/2017: The PEAK Residential Limited Studio Units from US$200K! High Floor with Good Views. Enquire now to enjoy Attractive Discounts!
The Peak Retail Mall consists of 5 levels of Retail Space Launching Soon. Rising 55 storeys into the sky, The Peak Cambodia is an oasis of luxury in the cloud. A whole new level of living comes into being as the choicest picks of residences, shops, restaurants, offices and the Prestigious Shangri-La Hotel comes together in an integrated mixed-use development like no other. Sharing the same desired address as the Shangri-La Hotel is a mark of distinction, and all its classy restaurants, bars and ballrooms are all at your disposal. The One and Only in Cambodia.
The Peak Cambodia comes clad in stylish bronze, a definite colour of luxury. The 2 towers comprising of about 500 units each are paragons of dynamic architecture, specially crafted to bring out the finest of the site and its surrounds.The Peak sharing the same desired address as Shangri-La hotel is a mark of glamorous luxury. And with luxurious Shangri-la Hotel just next door, you will enjoy world class service amidst tranquil surroundings, coupled with inspirational architecture and design. From the Finest dining to business lounges and spa experiences, it will ensure that every palate is pampered.
Right in the heart of Phnom Penh City, The Peak faces the River Esplanade, standing at the crossroads of the city. Time is precious, so is the location, for a ‘mere’ minutes walk is all that is needed to get to AEON Mall and NagaWorld Casio, as well as the National Assembly building, the Ministry of Foreign Affairs and the Australian Embassy. The Independence Monument and the main Preah Sihanouk Boulevard are also a short drive away.
THE PEAK RETAIL MALL – RARE FREEHOLD MIXED DEVELOPMENT INTEGRATED WITH SHANGRI-LA HOTEL. THE ONE AND ONLY. BE AMONG THE ELITES!
Enjoy Attractive VVIP Prices and Discounts!
SMS/Whatsapp “The PEAK Retail Mall” to +65-90272297 to find out more about this Rare Opportunity!
THE PEAK RETAIL MALL PROJECT INFORMATION
|Development Name||The PEAK Retail Mall|
|Developer||Oxley Gem (Cambodia) Co. Ltd – jointly developed by Oxley International Holdings Pte Ltd & Worldbridge Land (Cambodia) Co. Ltd|
|Site Address||Village No.14, Sam Dach Hun Sen Road, Tonle Bassac Commune, Chamkarmorn District, Phnom Penh City, Kingdom of Cambodia|
|A Premium and Luxurious 55-Storey Mixed Development (Residential, F&B, 5 storey Retail Mall, Office – levels 13A to 28, Shangri-La Hotel levels 29 to 55) with a total of 1,014 apartments (507 units in Tower 1 & 507 units in Tower 2)|
|Estimated by 31 December 2020 or earlier|
|Site Area||Approximately 12,670 sqm|
|No. of Units||To Be Advised|
|Unit Sizes||To Be Advised|
|Indicative Pricing||To Be Advised|
|Sales Package||To Be Advised|
|Stamp Duty||4% of Purchase Price|
The Peak Cambodia is jointly developed by Singapore Main-Board Listed Developer Oxley Holdings and Cambodia Worldbridge Land. The Bridge Cambodia which is their first Joint Venture is close to handover/completion and is a success with most of the units (Residential, SOHO and Retail Units) fully taken up.
Oxley Holdings Limited (“Oxley” or “the Group”) is a home-grown Singaporean property developer. Oxley is principally engaged in the business of property development and property investment. Since its inception, the Group’s accelerated growth has resulted in a burgeoning presence both locally and overseas. It now has a presence across twelve geographical markets.
The Group has a diversified portfolio comprising development and investment projects in Singapore, the United Kingdom, Ireland, Cyprus, Cambodia, Malaysia, Indonesia, China, Myanmar, Australia, Japan and Vietnam. Oxley’s expertise does not lie solely in property development; the Group also renders project management and consultancy expertise in Myanmar.
Oxley’s property development portfolio encompasses choice residential, commercial and industrial projects. Key elements of the Group’s choice developments include prime locations, desirable lifestyle features and preferred designs. With a keen grasp of market sentiments and trends, Oxley has achieved remarkable growth since its inception.
As part of its strategic expansion, the Group has also entered into partnerships with reputable local and overseas developers as well as business partners. In 2013, the Group acquired a 20% stake in Galliard (Group) Limited, a leading property developer in the United Kingdom. Galliard (Group) is a property development, hospitality and management group overseeing a wide variety of developments across London and Southern England. Since then, Oxley has also acquired a 40% stake in Pindan Group Pty Ltd, an integrated project group based in Western Australia, and an 15% stake in United Engineers, a Singaporean property development and engineering company that was founded in 1912.
THE MANAGING COMPANY
CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, it has a global portfolio comprising integrated developments, shopping malls, serviced residences, offices, homes, REITs and funds.
” CapitaLand, through its wholly owned shopping mall business CapitaLand Retail, has signed an agreement to manage a mall in Cambodia’s capital, Phnom Penh. The mall is the retail component of The Peak, an upcoming high-end integrated development majority owned by Singapore-based developer Oxley and Cambodian company Worldbridge Land.
CapitaLand will oversee asset planning, pre-opening and retail management for the five-storey mall, which has a gross floor area, excluding car park, of about 420,000 square feet, and net lettable area of about 260,000 sq ft, CapitaLand said in a filing with the Singapore Exchange on Tuesday (March 20). “
“”With CapitaLand as our retail manager, we are confident of optimising returns for The Peak by focusing on our core business of developing and marketing the project. “
THE PEAK RETAIL MALL LOCATION
Location: Super Prime Location
Integrated with Upcoming 5-Star Shangri-La Hotel
Walking distance to existing Nagaworld (Phnom Penh’s ONLY Casino & Entertainment Hub)
Walking distance to existing Nagaworld 2, an expansion of Nagaworld estimated to be in operation by End 2017
Walking distance to Embassy of Australia, Embassy of Russia, Ministry of Foreign Affairs
Walking distance to another 5-star hotel Sofitel
Walking distance to future South East Asia’s Tallest 133th-Storey Tall -Thai Roong Twin Tower.
Within 5 minutes to AEON Mall (largest Japanese mall in Phnom Penh)
Within 5 to 10 minutes drive to Independence Monument, Elite Town Golf Club, Koh Pich City Hall, Royal Palace, Sisowath Quays.
Located in the Commercial, Shopping & Tourist Belt of Phnom Penh with Hotels, Offices, Residential and Shopping Malls
🌟 Approx 5-min walk to AEON, Phnom Penh’s largest mall with supermarket, cinema, bowling alley, ice skating rink & many international brands and F&B (not for sale)
🌟 Approx 5-min walk to existing NagaWorld casino-hotel (like our MBS) and upcoming NagaWorld 2 Link by Naga Walk with Retail Spaces Below!
🌟 International Restaurants, 5 Stars Casino-Hotel, Jet’s Container Box, Cinemas, Major Tourists’ Attractions all within close proximity to The Bridge Cambodia
THE PEAK RETAIL MALL- LOCATED IN THE COMMERCIAL, SHOPPING AND TOURISM BELT OF PHNOM PENH!
Enjoy Attractive VVIP Prices and Discounts!
SMS/Whatsapp “The PEAK Retail Mall” to +65-90272297 to find out more about this rare opportunity!
THE PEAK RETAIL MALL SALES PACKAGE / SITE LAYOUT COMING SOON. STAY TUNED!
MORE ON CAMBODIA
Cambodia has posted on average 7.63 percent GDP Growth from 1994 until 2016, reaching an all time high of 13.30 percent in 2005. It is one of the fastest growing country in South East Asia and is expected to grow 7 percent in 2018 and till 2020. The World Bank has recently officially revised the status of Cambodia, moving it up from the low-income bracket to lower-middle income bracket with the garment sector, construction, and services the main drivers of the economy.
Tourism in Cambodia has hit record high of around 5 million tourists for the first 10 months of 2017, a 10 percent increase in foreign visitors from the same period in 2016 with tourists mainly from Asian countries. Booming Tourism is good for Businesses in Phnom Penh.
Land Prices in Cambodia has been increasing since 2010 on the average of 6.6% year to year. This will eventually translate to the Property Prices. Land Prices in Phnom Penh are still relatively attractive compared to neighbouring countries like Vietnam and Bangkok which presents an opportunity for investors looking for Potential Capital Growth.
The influx of International Brands in Phnom Penh have indicated the potential growth of the property market. US-based convenience mart Circle K has also officially launched in Cambodia yesterday (3rd Feb 2018), with three outlets already operating in Phnom Penh and plans to open 40 more by the end of the year. Imagine owning a shop in Phnom Penh City Centre – How likely are you as an investor stands to benefit (in terms of potential capital growth and rental return) with the increasing International Brands in Phnom Penh?
Cambodia is one of the country set to benefit from China’s One Belt One Road Initiative where it will see massive investments into its infrastructure and aid in its vision to becoming Middle- Income Country by 2030. A recent article from The Straits Times Singapore reported that Chinese investors are flocking to Phnom Penh and snapping up homes for investment. The article mentioned that “Cambodia offers rapid economic growth, a young population and good returns on investment. Another major selling point for Chinese buyers is that Cambodia is a key participant in China’s Belt and Road Initiative, an infrastructure initiative from President Xi Jinping that is harnessing hundreds of billions of dollars in state and private investment to bring South-east Asia, Central Asia, Europe and other regions closer to China.”
Tourism growth to Cambodia averaged 20% growth per annum between 2004 to 2014
Current Cambodia Phnom Penh shop rentals average at US$35.0 – US$53.5 per sqm with the highest rental at US$80 per sqm (S$10.40 psf)
Phnom Penh Shop rents at older malls have increased 10% per annum over the last 5 years, e.g. Sorya Mall
Phnom Pennh Shop rents at newer malls have increased 25% to 50% per annum between 2014 to 2015 e.g. TK Avenue and Vattanac Capital
Minimum capital Gains growth of at least 5% to 10% per annum for the next 5 years!
Source: CBRE Cambodia
THE PEAK RETAIL MALL – REGISTER FOR THE LATEST UPDATES AND VVIP DISCOUNTS
It is important to only engage the Official Direct Developer Sales Team to assist you. There are several complex procedures and key factors to consider before committing to purchase a unit. Rest assured that all our representatives are certified, well-trained and committed to deliver. By engaging the Official Direct Developer Sales Team, you will also enjoy the best possible direct developer price. There is no commission required to be paid.
SMS/Whatsapp “The PEAK Retail Mall” to +65-90272297 or simply fill up the VVIP contact form to register for the latest updates!
THE PEAK RETAIL MALL VVIP REGISTRATION FORM
Disclaimer: All forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone. Any overseas investment carry additional financial, regulatory and legal risks. Investors are advised to do the necessary checks and research on the investment beforehand. Details of Guaranteed Rental Returns (if any) will be accompanied with the respective Sales and Purchase Agreement