Bedrooms: 2, Bathrooms: 2, Floor Area: 114 sq. mt
Investment project in centre of City. A restoration of a French colonial building with refurbisehed apartments close to the River. Finished to high spec. Expect high yields and Capital Growth.
Register for details because when they come available, they go quickly.
Actual Apartment Pictured
Price $US120,000
Rent $1,100 per month
Return Specifics 2 bedroom, 2 bathroom
Size 114m2
Projected cap growth 10-15%
Maintenance 2 year guarantee on all work
Building circa 1930’s French Colonial apartment complex.
The management offer the security of managing the property charging only 15% commission, which should be around 10% as a net income.
The original structure is solid and bringing this old beauty (with a modern touch) back to life will create a unique apartment environment.
Cambodian Property Market
After 40 years of isolation from the rest of the world due to political turmoil, civil war and economic devastation following the Khmer Rouge period, Cambodia is rapidly waking up and realizing the economic opportunities that lay ahead. Whilst the economy is in these early stages of development, the risks are definitely real. However, there are huge opportunities for investors prepared to brave these risks and get in at a ground level. In no industry is this more prevalent than property.
Property ownership in Cambodia is very high after the large-scale land distributions during the communist period of the 1980’s. Most families own their own home and it is in property that most individuals hold the majority of their wealth. There is not a history of investing in property, however, as land prices were stagnant for a very long period and demand was so low that opportunities quite simply were not available. This meant that land values were based on Cambodians’ ability and willingness to buy, and were therefore incredibly low by world standards.
The lack of buying and selling of property in Cambodia meant there was no need for a real estate industry. Without a real estate industry the concept of market value, freely available statistics on sales, demand and supply trends as well as the tools available to most property developers around the world simply are not available. This means there was and still is the potential to buy properties that are grossly undervalued and provide huge returns.
Over the past 5 years, investors in Phnom Penh and Siem Reap have been taking advantage of these opportunities and making fantastic returns. Khmer returning form overseas have fuelled a dramatic increase in demand in Phnom Penh, bringing back with them an understanding of the potential value of properties based on tourism trends and economic development, as well as the required capital.
Oyster International
00 44 (0)798 449 8882
info@oyster-international.com
www.oyster-international.com