‘Largest condos in Cambodia’

Kung-fu Hillbilly · Post by **Kung-fu Hillbilly** » Sat Aug 31, 2019 7:50 am

A promotional photo shows an interior of what Sky Villa claims are the ‘largest condos in Cambodia’. Realestate.com.kh

August 28, 2019

“We expect this new ultra-luxury residential segment to cater to the growing wealthy class as well as foreigners in Cambodia,”

A Chinese real estate developer officially unveiled its condominium project late last week. The company claims that the units it will be offering in the complex will be the largest condos in the Kingdom.

GreatView Investment last Friday unveiled Sky Villa, a project which is comprised of two 35-storey residential towers. The complex, which will also house a four-storey basement parking area, is set to span 256 units, or 128 in each tower.

The condos range from 272 square metres to a massive 509 square metres. Currently, starting prices sit at just under US$1 million, or around $2,326 per square metre.

“It will possibly set a new record for the largest apartment size [in Cambodia],” said Saly Phalin, senior sales manager of Alpha Alliance Real Estate, an appointed marketing agency for Sky Villa.

Full https://www.khmertimeskh.com/50637564/c ... -cambodia/

angkorjohn2 · Post by **angkorjohn2** » Sat Aug 31, 2019 8:12 am

Imagine having a million bucks and choosing to spend it on a Chinese built condo in Olympic.....

crob · Post by **crob** » Sat Aug 31, 2019 8:19 am

So what your over/under in how long this building will last before being demolished or collapsing...

Duncan · Post by **Duncan** » Sat Aug 31, 2019 8:21 am

angkorjohn2 wrote: ↑Sat Aug 31, 2019 8:12 am Imagine having a million bucks and choosing to spend it on a Chinese built condo in Olympic.....

And then being deported cause you broke the conditions of your work permit ..........

And ?

Adam Xie · Post by **Adam Xie** » Sat Aug 31, 2019 8:35 am

Misread the title to be"Larest Condoms in Cambodia"..

Skyvilla,,ah...a project started sine 2012 if memory serves me correctly.

Jcml19 · Post by **Jcml19** » Sat Aug 31, 2019 10:20 am

crob wrote: ↑Sat Aug 31, 2019 8:19 am So what your over/under in how long this building will last before being demolished or collapsing...

I'll say under 15 years.. 5 years the occupancy will be less than 35%, 10 years occu will be 20% and then poof...

Entire complex built like nonsense.... Complex such as this only makes sense in densely populated urban environments... Pp is not dense but watever

Post by **Clutch Cargo** » Sat Aug 31, 2019 10:49 am

Jcml19 wrote: ↑Sat Aug 31, 2019 10:20 am
crob wrote: ↑Sat Aug 31, 2019 8:19 am So what your over/under in how long this building will last before being demolished or collapsing...

I'll say under 15 years.. 5 years the occupancy will be less than 35%, 10 years occu will be 20% and then poof...

Jcml19 · Post by **Jcml19** » Sat Aug 31, 2019 11:05 am

clutchcargo wrote: ↑Sat Aug 31, 2019 10:49 am

Awesome.... Always did find large structure demolition fascinating... Hahaha mo dust in pp hahaha.

Kung-fu Hillbilly · Post by **Kung-fu Hillbilly** » Sat Aug 31, 2019 12:08 pm

Jcml19 wrote: ↑Sat Aug 31, 2019 11:05 am
clutchcargo wrote: ↑Sat Aug 31, 2019 10:49 am

Awesome.... Always did find large structure demolition fascinating... Hahaha mo dust in pp hahaha.

Alternative outcomes are less spectacular.

Post by **Clutch Cargo** » Sat Aug 31, 2019 12:52 pm

Well good luck to the chinese developer with these. I think it's quite a market call to focus on large condos starting at $1M aimed at the Khmer wealthy class and foreigners.

My impression is that better off Khmers are not really interested in condos and prefer standalone houses or such as those in the gated estates. Separate, freehold title with a higher land component as opposed to these body corporate condo developments.

That leaves better off foreigners that can't own land. Will be interesting to see what the take up will be and whether they will get those asking prices or have to discount. Some of those deserted developments in Koh Pich doesn't forbode well imo.

‘Largest condos in Cambodia’

‘Largest condos in Cambodia’

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