The European designed and developed Air Apartments gives the smart investor exactly that
Cambodia is one of Asia’s fastest-growing economies, with its GDP growing by an average rate of 7 percent annually in the last few years.
In the last five years, numerous foreign businesses and investors have descended on the country, eager to become a part of Cambodia’s success story. Growth in Cambodia is mostly concentrated in Phnom Penh, Siem Reap, and Sihanoukville.
Strategically tucked in the southwest corner of Cambodia, Sihanoukville is the ‘Rising Star of the Southwest’. Sihanoukville has become one of the fastest-growing cities in the country, with growth exceeding 8 percent annually.
A booming gaming industry and tourism sector, plus a massive influx of investments from China, are fueling Sihanoukville’s rapid growth.
China poured more than $1 billion in investments into Sihanoukville from 2016 to 2018. The city has also become the ‘Gaming Capital’ of Cambodia and South East Asia, with 88 casinos in operation and 50 under construction. Comparing to Las Vegas running 104 casinos and Macau 41. Some of the most popular tourist spots in Cambodia, including its best beaches, are also located in Sihanoukville.
Sihanoukville also boasts an international airport, the nation’s largest special economic zone, and Cambodia’s sole deep-water seaport, the Sihanoukville Autonomous Port.
Sihanoukville’s spectacular growth means investors will enjoy the opportunities of a lifetime.
For the Chinese, or for other foreigners that want to make a lot of money by investing in real estate, Sihanoukville is the place to go. We are not just talking about Cambodia – we are talking about the whole of Asia. Buying an apartment for investment in Sihanoukville is the smartest move for a variety of reasons, including:
1. Smart Investment with high returns
One high rise residential project which stands apart from the rest is the European designed Air Apartments. With an unbeatable price range, starting from just $1,700/m2, the returns on investment, both in terms of resale value or lease is unbeatable in this booming city. Most of Air Apartment units are priced below $100 000 and many are certainly affordable with a highly attractive price range of between $60 000 to $80 000.
With completion set for December 2020, prices are certain to appreciate by a minimum of 50 percent compared to the per unit investment outlay now, making it a wise choice for block purchase.
2. Huge rental market
Sihanoukville has nearly 300,000 residents, and this number is expected to increase drastically in the next few years. Not only that, the influx of Chinese to Sihanoukville is not showing any signs of slowing down. Today, there are more than 80,000 Chinese living in Sihanoukville and that number will only increase in the future. The Chinese are known to share apartments as well as the cost of renting them. High rental prices don’t matter to them. There are many factories and foreign businesses moving to Sihanoukville Special Economic Zone. This means you have engineers, managers, and other professionals as potential tenants. With such a large pool of potential tenants or buyers, you won’t have to worry about oversupply or a property glut as Air Apartments rental is expected to range starting from $800 to 1,000/ per month with 12 months contracts.
This makes it a highly attractive investment in terms of rental pricing or even owner occupied as Air Apartment’s prime pristine location, exquisite furnishing and fitting all skilfully fitted into a modern design leads to a perfect residential address in Sihanoukville.
3. Minimum 10% p.a. returns on investment
Air Apartments is committed to its investors. In this regard, it has its own expert property management team (who currently effctively managing 2 previously built condos) The same developer also built Nest Apartments, the only property development in Sihanoukville that has issued foreign ownership titles (strata titles).
to handle all aspects of rental to tenants on behalf of investors. This means investors need not lose sleep over the state of their property or its tenant. The highly motivated professional management team will tackle minor but niggling issues such as utilities collection, on time rental collections, attending to all issues such as early contract termination, services which are specifically tailored to provide the discerning investors with peace of mind, resting assured that their property is always well taken care off in every way possible. All of these means investors in Air Apartment’s stands to gain minimum of 10 percent per annum in rental returns. This in itself, presents a smart investment choice for the discerning investor as their investment is at work while they carry on with their daily life without a worry.
4. Future growth
This is just the beginning. In the next decade or so, we will see more Chinese investments and businesses moving to Sihanoukville.
A few years ago, there were only a few flights departing from Sihanoukville’s airport every week. Now, there are 10 flights per day, many of them to Chinese cities. That number is bound to increase in the future.
5. Sihanoukville will become the next Shanghai or Guangzhou
Twenty years ago, few people believed that property prices in those Chinese cities would increase ten-fold. But it happened. Experts familiar with the Chinese and Cambodian property markets say Sihanoukville is moving in the same direction.
A magnet for property investors
Sihanoukville’s economic potential is leading many property investors from Cambodia and abroad to invest there. Among them is Air Apartments, a European developer building a 22 levels residential project.
The development will feature 120 units, either studios, 1-bedroom apartments, or 2-bedroom apartments. Occupants will have access to a car park, a rooftop swimming pool, and other amenities.
Air Apartments is being built on one of the best locations in Sihanoukville: Victory Hill. It’s location on high ground provides investors an excellent panoramic view of sea. In addition, the location is just a few hundred meters from some of the best beaches in the area, including Hawaii Beach, Independence Beach, and Victory Beach.
It is also conveniently located near casinos, hotels, and many small businesses, which will make the lives of tenants more convenient.
The project is being built following the highest standards, with the developer employing the services of topnotch design and construction firms. Air Apartments is expected to be completed by December 2020.
It also offers prices that make it easy for owners to make a bigger profit.
For your investment enquiries:
Tel. +855 8888 35171 (WhatsApp, Line)