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

Hotel White Label, Third Party Operator and Franchise Event

Category: Hotels, Posted:27 Oct 2020 | 08:55 am C9 Hotelworks and Delivering Asia Communications have organized a highly-relevant virtual event called “White Label Session – The Sequel, Insights into Hospitality Third-Party Operators and New Options for Hotel Owners”. The live webinar will be held on   Wednesday 4th November, 2:00 pm Bangkok Time | 3:00 pm Singapore/Hong Kong. Free registration is available HERE. A hospitality-focused virtual […]
Read more

Phuket Airlift To Koh Samui Is Back

Category: Tourism, Posted:23 Oct 2020 | 16:26 pm Bangkok Airways has announced the return of flights between Phuket and Koh Samui. According to the Phuket News service commences Sunday, October 25th leaving Phuket at 12:20 pm and arriving in Samui at 1:15 pm. There will also be a resumption of flights between Phuket and Hat Yai between Phuket and U-Tapao (Pattaya). The return […]
Read more

Khao Lak Hotel Supply Continues To Expand

Category: Hotels, Posted:22 Oct 2020 | 06:00 am Despite the downturn of Covid-19, hotel investment confidence in Khao Lak remains positive in the long term. One sign of this is a newbuild Pullman-branded Khao Lak Resort Is set to open on 1st December. The 253-key beachfront hotel and villa property features a design by Martin Palleros of Tierra Design.  Palleros is the architect […]