Invest in the World No. 2 Economies Real GDP Growth Country
Many International Brands have entered in Phnom Penh!
-Own a Freehold Retail Shop In the Ngee Ann City / Orchard Road Equivalent
-At the Heart of Phnom Penh’s Commercial, Shopping & Tourism Belt!
-Limited Supply of Shopping Malls & Growing Demand / Tourism
-Safety: Mainboard-listed Singapore Developer Oxley
-1st Mover Advantage into an Emerging Economy with High GDP Growth of 7%!
-Super Prime Location Hotels, Casino, Embassies, surrounded by Popular Eateries, Tourist Hotspot, CBD
-ASEAN Free Trade Agreement from end 2015
-Strong Potential Capital Growth Gains
Phnom Penh Retail Market Opportunities
Tourism growth to Cambodia averaged 20% growth per annum between 2004 to 2014
Current Cambodia Phnom Penh shop rentals average at US$62.9 per sqm (approx. S$8.18psf)
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!
The Peak Retail Mall located at Phnom Penh’s Future shopping belt
🌟 Sharing Same Address as upcoming Shangri-La Hotel Cambodia and The Peak Residential (More info on The Peak Residential Click Here)
🌟 Approx 5-min walk to existing NagaWorld casino-hotel (like our MBS) and upcoming NagaWorld 2 Link by Naga Walk with Retail Spaces Below!
🌟 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 7-min walk to upcoming Asia’s Tallest 133-storey Twin Towers mixed development (not for sale)
The Peak Commercial Managed by CapitaLand
DEVELOPER 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.
Wilson Tan, CapitaLand Retail chief executive officer (CEO) said: “Given The Peak’s strategic location in central Phnom Penh and high-grade building specifications, it is well-positioned to meet the requirements of quality retailers seeking to serve the growing aspirations of the city’s community.”
Mr Ching Chiat Kwong of Oxley Holdings executive chairman and CEO said: “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. Given Oxley’s diversified global portfolio in countries including Singapore, the United Kingdom, Ireland, China, Indonesia and Myanmar, we look forward to the possibility of deeper collaboration with CapitaLand in the future.”