The Gateway at Cambodia
AN EXCEPTIONAL OPPORTUNITY in the booming Phnom Penh Real Estate Market
The only Freehold office tower for sale in Phnom Penh. Don’t miss this great opportunity to own an asset in the emerging market of Cambodia, Phnom Penh. Call +65 6100 1811 or SMS +65 85351313 for a Sales Gallery appointment now.
Starting from USD$1xxk for 1 bedroom residential and USD$2xxk for office, with 6% and 8% guarantee rental return (GRR) per annum for 2 years. Sales Gallery opens to public in end November 2015.
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About The Gateway Cambodia
The Gateway Cambodia is an upcoming Freehold luxurious mixed-used development along Russian Boulevard, Phnom Penh that consist of 2 storey of retail with F&B outlets, 36-storey single block of office tower, and 39-storey residential tower over two blocks. It is the first overseas new launch in Cambodia developed by TACC (C.R) Ltd, which is a subsidiary of the reputable Singapore developer, TA Corporation Ltd, a public listed company in SGX with over 15 years of experience in real estate development. The total number of units are 299 and 572 for the office and residential respectively and offers guarantee rental return. The retail mall will occupy on the first and second floor whereas both office and residential units will start from level 11 onwards with communal facilities situated on the 10th floor. For those who drive, there will be a 6-storey car park podium from level 3 to 9 together with a basement carpark.
- Developer – TACC (C.R) Ltd (Subsidiary of Singapore developer TA Corporation Ltd)
- Address – Phum 10, Sangkat Phsar Depo, Khan Toul Kork, Phnom Penh, Cambodia (along Russian Boulevard)
- Tenure – Freehold
- Site Area – 6,040 sqm, 65,016 sqft
- TOP – 31st December 2019 (estimate)
- Unit Type:
- 1 Bedroom – 39 sqm (total area 52 sqm)
- 2 Bedroom – 65 sqm (total area 86 sqm)
- 3 Bedroom – 82 sqm (total area 110 sqm)
- Office – 44 to 107 sqm (total area 58 to 141 sqm)
- Defects Liability:
- Non-structural defects – 1 year from notice to take over possession
- Structural defects – 10 years from notice to take over possession
- Parking – 6 storey of multi-storey carpark and 1 basement carpark
- Ceiling Height – Residential: 3.5m, Office: 3.8m
The design concept is inspired by a lighthouse along the coast that captures the attention of its surrounding easily. It created a monolithic presence with its office and residential towers packed closely together within the CBD district that looks massive, solid and uniform. The retail activities on the 1st and 2nd floor of the development forms a green belt that connects the masses together, forming a new iconic landmark in downtown Phnom Penh.
This project is situated at a prime location in Phnom Penh, which is within the Central Business District (CBD) area and near to many government official buildings such Prime Minister Office. For foreign investors, this is consider an important investment consideration as it is always safe to invest property that is near to Government or embassies area as generally such location will be considered a safer area. In addition, it is also within walking distance to many major local and overseas banks and Parkson shopping mall. As road traffic of Phnom Penh will be pretty congested during the peak hours, it presents a great convenience for those potential office tenants, who will also consider to rent an apartment with the development in order to cut down the travelling time from work.
The Gateway Cambodia Site Plan
Residential Tower (10th floor):
- Lap Pool
- Jacuzzi Pool
- Wading Pool
- 3 BBQ Pavilions
- Indoor Gym
- 2 Yoga rooms
- Function Room
- Reading room on 10th floor mezzanine
- 5 conference rooms on 5th floor
- 5 function rooms on 8th floor
- Tea Room on 10th floor
Reasons Why invest in The Gateway at Cambodia
- Low entry level, with residential one bedroom starting from USD$14xk and office unit from USD$23xk before discount
- SGX public listed developer, TA Corporation Ltd, with more than 15 years of vast experience in real estate construction
- No Additional Buyer Stamp Duty (ABSD), Seller Stamp Duty (SSD), Capital Gain Tax (CGT), withholding tax and very minimal property tax per annum
- Strong political stability and economic growth with an average of 7.6% per annum since 1995.
- Located in the prime CBD location, and next to many government buildings including Prime Minister Office (PMO)
- Short walking distance to major local and international bank from The Gateway at Cambodia
- Minutes away from Phnom Penh International Airport
- Enjoy first mover advantage in the booming real estate market in Phnom Penh
- One of the high rental yield Cambodia property in Phnom Penh
- Strong potential capital appreciation as currency used in Cambodia are mainly in US dollars
- 6% Guarantee Rental Returns (GRR) per annum over 2 years from date of vacant possession for residential unit
- 8% GRR per annum over 2 years from date of vacant possession for office unit
- Potential strong demand of residential units from tenants at the office once the GRR is over
- Very low booking fee of only SGD$1400 and upfront payment of just 15% of total purchase price
- Deferred payment scheme with payment of only 10% for every 6 months from Mar 2016 to March 2018, with financing available by Maybank Cambodia
- Highly anticipated economic boom with the signing of ASEAN Free Trade Agreement in 2015
Payment Schedule & Sales Procedure
- Submit signed Reservation Agreement with photocopy of Purchaser’s NRIC & passport, and SGD$1,400 (equivalent to US$1,000) Reservation Fee payable to “TACC (C.R) Ltd” (non-refundable if buyer decides to withdraw from purchase).
- Purchaser to sign Sales & Purchase Agreement (SPA) within 14 days of reservation.
- Pay 15% of purchase price less US$1,000 within 7 days from SPA date.
- Progressive payments:
- 10% by 1 March 2016
- 10% by 1 September 2016
- 10% by 1 March 2017
- 10% by 1 September 2017
- 5% by 1 March 2018
- Balance 40% payable upon handover of unit. For purchasers required financing, it is available by Maybank Cambodia.
Price & PSM
1 bedroom Price and PSM: From USD$14xk to $19xk, Average Per Square Meter (PSM) – USD$32xx
2 bedroom Price and PSM: From USD$22xk to 30xk, Average Per Square Meter (PSM) – USD$30xx
3 bedroom Price and PSML From USD$28xk to $36xk, Average Per Square Meter – USD$29xx
Ranging from 44 sqm t0 107 sqm nett usable area – USD$23xk to USD$51xk
** Note all price quoted here are before attractive discount, which will be remove at the later stage.
Google Location Map
Phum 10, Sangkat Phsar Depo, Khan Toul Kork, Phnom Penh, Cambodia
To find out the distance or time taken to travel from development to another location or vice-versa, click on either “Directions to” or “Directions from” and enter the address, name or postal code. To restart the whole process, click on “Reset Map”. You may also explore the surrounding of The Gateway Cambodia through the interactive “Google Street View” by dragging the “Human” icon to any of the highlighted road.
Are you convinced now to invest in The Gateway Cambodia?
Simply fill up the registration form or dial +65 6100 1811 and one of our professional Salesperson will get in touch with you the soonest. Ride on the wave of FIRST MOVER ADVANTAGE in Cambodia now!
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