Get The Peak (CapitaLand Managed) Shoppes EBrochure Now !!!
THE PEAK Retail Mall in Cambodia’s Capital City Phnom Penh
Right in the heart of Phnom Penh City, The Peak faces the River Esplanade, standing at the crossroads of the city. Time is precious, and so is this location, for a mere minutes’ walk is all that is needed to get to AEON Mall and Naga World, as well as the National Assembly building, the Ministry of Foreign Affairs and the Australian Embassy. The independence Monument and the main Preach Sihanouk Boulevard are also a short drive away.
The Peak ( Cambodia New Property ) is a premium and luxurious 55-Storey Mixed Development consisting of residential, F&B, Retail, Office and Shangri-La 5 Star Hotel) with a total of 1014 apartments. (507 units in Tower 1 and 507 units in Tower 2)
The Peak Shoppes offers investor a great opportunity to invest into commercial units in Phnom Penh, enjoy 55% Rental Guaranteed Return over 10 years! Strategically located mins walk to Naga World, The Bridge Retail and Japanese AEON Mall, this area is the most prestigious and prime area in Phnom Penh especially when it is directly below Shangri-La Hotel.
The Peak Shoppes is one of the limited shopping malls available for sale in Phnom Penh. The mall will be professionally managed by CapitaLand, world class Retail Mall operated with numerous Mall across south east asia.
The Most Attractive Sales Package / Investment Opportunity at The Peak Retail Mall
-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
Next to The Bridge Retail Mall
🌟 Established Retailer Brands Like Starbucks Phnom Penh, Tous Les Jours Phnom Penh and Collin’s Phnom Penh
Mins to Naga World Casino
🌟 Approx 5-min walk to existing NagaWorld casino-hotel (like our MBS) and upcoming NagaWorld 2 Link by Naga Walk with Retail Spaces Below!
Near to Aeon Mall
🌟 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)
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.”
The Peak Current Construction Progress
Taken From Nagaworld Swimming Pool: 18 Mar 2018
Taken From The Bridge SOHO: 2 Nov 2018
Guaranteed Rental Return – 55% over 10 years by Oxley! Additional +5 Years More depending on Oxley , CapitaLand and You.
-5% Nett GUARANTEED Rental Return for 5 years by Oxley Holdings upon TOP (Year 2019/2020)
-After 5 years, 6% Nett GUARANTEED Rental Return per annum
-Additional 5* More Years might be given by Oxley/CapitaLand with the option of acceptance by you. (Detail in SPA)
1) Submit signed Reservation Agreement with copy of NRIC & passport, and SGD$1,700 (equivalent to US$1,200) Reservation Fee payable to “OXLEY HOLDINGS LTD”
2) Purchaser has to sign SPA within 14 days of reservation & pay 30% of purchase price less US$1,200
3) Purchaser pay 10% by 31st Mar 2019
4) Purchaser pay 10% by 30 June 2019
5) Purchaser pay 50% by Handover (Estimated End 2019-2020)