|Developer :||Oxley Gem (Cambodia) Co. Ltd|
|Site area :||12,670 sqm|
|Tenure of Land :||FREEHOLD|
|Address of Project :||Village No.14 Sam Dach Hun Sen Road, Tonle Bassac Commune, Chamkarmorn District, Phnom Penh City Kingdom of Cambodia|
|Retail Podium :||Duplex Shophouses on Ground Level & 4 Floors of Retail units from Level 1 to 3A 8 Floors of Carpark from Level 5 to 12|
|Office & Hotel Tower :||15 Floor of Office Units (250 units) 18 Floors of Hotel rooms with 8 Floors of Hotel Facilities|
|Residential Tower 1 & Tower 2 :||Tower 1 (507 units) and Tower 2 (507 units) Total 39 Floors from 15th Flr to 53rd Flr with 2 Floors of Recreation Deck on level 13A & 55|
|Construction Permit :||126MLMUPC/GLMUP|
|Project Completion :||Estimated Dec 2020|
Total 55% Rental Guarantee Over 10 Years
In the last few years, Cambodia has been awash with property developments. A booming economy and massive influx of foreign direct investment are fuelling a building boom across the Kingdom. In the last decade, the Cambodian economy has grown by an average of 7 percent, making it one of the fastest-growing economies not only in Asia but in the world.
There is construction work going on in Phnom Penh, Siem Reap, Sihanoukville and other major cities and provinces in Cambodia. Even the far-flung provinces are starting to have their own residential high-rises.
In the past, only a few high-rise buildings could be found in Phnom Penh and urban centres. Now, high-rise developments, including condominium complexes and apartment buildings, are too many to count easily.
These property developments are the most obvious signs that Cambodia is catching on to the rest of Southeast Asia. Phnom Penh, formerly known as the “Paris of the East”, is on its way to reclaiming past glories. One of them is The Peak, a new property development in the heart of Phnom Penh.
The Peak, which faces Koh Pich (Diamond Island) and sits along the Bassac River, is located in one of the most sought-after locations in Cambodia’s capital city.
The Peak is so good in almost every aspect (comfort, convenience, design, location and luxury) that it is often dubbed as an “oasis of luxury in the clouds”. No other property development in this country has been so widely-acclaimed. Clad in stylish bronze, It effortlessly blends in with its surroundings. Greenery around it add a sense of comfort and serenity amid the hustle and bustle of the city.
The Peak consists of two 55-storey towers each housing 507 top-notch residential units. A Shangri-La hotel, ultra-modern offices and fine-dining restaurants are located within the new development.
Residents will have instant and exclusive access to an infinity pool, jacuzzi, sky lounge/sky bar, gym and steam rooms. If you want to hold a party, the functions rooms are at your disposal. From your residential pad, you will be treated to picture-perfect views of Phnom Penh, Bassac River and surrounding areas.
People staying at The Peak don’t need to go far to avail themselves of the amenities of modern living. Simply said, it is the epitome of convenience – bar none. Located close by are malls, shopping centres, government offices, retail shops, banks/ATMs, hotels, entertainment joints, markets and sports clubs.
Cambodia’s renowned riverside, the Japan embassy, NagaWorld Hotel and Entertainment Complex, the Australian embassy, the Ministry of Foreign Affairs and Aeon Mall 1 can be reached in less than 10 minutes, while 20 minutes or less is all that takes to reach Phnom Penh International Airport.
Major tourist attractions such as the Independence Monument, Toul Sleng Museum, Royal Palace and Wat Phnom are also nearby.
The Peak is being developed by Oxley Singapore and WorldBridge Land of Cambodia. The two business conglomerates are also working together to develop The Palms and The Bridge.
In Cambodia, as they say, there is nothing like The Peak.
|Duration||Progressive Payment||Cumulative Total|
|Signing of SPA||1st 40%||20%|
|Handover Date/Completion||Final 60%||100%|