TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

NEWS ALERT Cambodian Private Island Resort 50% Sold 2 Weeks

Category: Real estate, Posted:21 Dec 2009 | 06:47 am

Cambodia's first private island resort Song Saa Island Resort has sold over 50% of it's units in just two weeks since formal launch. We spoke to developer Rory Hunter who was in Phuket for an industry event organized by CBRE and learned more about the development.
With 14 resort villas comprised of 9 one bedroom units at US$200,000 and 5 two bedroom villas for US$450,000 since it's full marketing started a few weeks ago eight units have be sold, with the greatest movement in the larger, more expensive product. The offering is a lifestyle resort managed concept with 10% guaranteed returns in the first 3 years, and afterwards a split of 50% to owners, 10% reserve for maintenance and 40% retained by the operator. Owners have 30 day free usage a year, only paying utility charges during their stays.
In the Cambodia property market only leasehold is available to foreigners though its on a single 99 year term. Opening of the resort is set for Q2, 2011. Expected room rates for the resort will be US$400 for 1 bedrooms and US$650 for 2 bedroom. Access is through Sihanoukville via a 30 minute boat ride or there will be a Cessna seaplane access.
With substantially lower land and building costs then Phuket there looks to be much development activity on the horizon especially the nearby Koh Rong archipelago where land is currently available in large blocks with white sand beaches.

Other News

Read more

Go Ahead. Get Your Ya-Ya’s Out

Category: Tourism, Posted:17 Jan 2021 | 06:00 am Close your eyes. Go ahead. Remember a time when you were young. The magic as a kid, taking blankets, sheets, or even boxes and creating a fantastical tent or unique crazed getaway in the house. Letting your imagination go wild and take you on a journey to incredible places. Or pitching a tent in the […]
Read more

Is Thailand Ready For Legalized Gambling?

Category: Tourism, Posted:16 Jan 2021 | 13:38 pm Topping Thailand’s economic news are comments by the Prime Minister that he is willing to consider opening up gambling, according to the Bangkok Post. With the Thai economy struggling at funding an economic recovery process that has been under extreme duress by Covid-19, the question now will the pandemic be an accelerator of a long-lasting […]
Read more

Phuket’s World Class Creative Mad Metal Men

Category: Tourism, Posted:15 Jan 2021 | 09:15 am The Underwood Art Factory with its crazy, cool, innovative metal sculptures and fabrication is one of the island’s best global exports to some of the leading design hotels around the globe. Founder John Underwood’s long-term work with renowned design guru Bill Bensley has seen his work showcased in countless iconic locations and properties. The Underwood […]