Sihanoukville project D'Seaview sells hotel for $15M

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Sihanoukville project D'Seaview sells hotel for $15M

Post by CEOCambodiaNews » Mon Mar 26, 2018 8:15 am

HLH to sell hotel in Cambodia mixed-use project for S$15.7m
Mon, Mar 26, 2018 - 7:45 AM
HLH Group Limited said it has entered into a sales and purchase agreement to sell its 98-room hotel in its D'Seaview project in Sihanoukville, Cambodia for S$15.7 million.
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D'Seaview is HLH group's first freehold mixed-use development venture in Cambodia, comprising 737 residential units and 67 commercial units. The four blocks of commercial segment include a mix of commercial shop space, retail units and a boutique hotel.

The group also holds the land rights to an adjacent freehold land plot of 22,064 square metres.

The development is located in Sihanoukville, Cambodia's third-largest province and home to the country's only deep-water seaport. It is also near the popular and scenic Sokha beach.
https://www.businesstimes.com.sg/compan ... -for-s157m
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Re: Sihanoukville project D'Seaview sells hotel for $15M

Post by Duncan » Mon Mar 26, 2018 8:21 am

At what stage of construction is this building at. I am assuming that is a computer generated impression of what it will look like when finished on a sunny day with blue sky.
Cambodia,,,, Don't fall in love with her.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
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Re: Sihanoukville project D'Seaview sells hotel for $15M

Post by rogerrabbit » Thu Mar 29, 2018 3:44 pm

Duncan wrote:
Mon Mar 26, 2018 8:21 am
At what stage of construction is this building at. I am assuming that is a computer generated impression of what it will look like when finished on a sunny day with blue sky.
Hotel and commercial buildings are ready within 3 months. Residential towers 19/25 floors done. Towers will be ready within next 11 months.

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Re: Sihanoukville project D'Seaview sells hotel for $15M

Post by bolueeleh » Thu Mar 29, 2018 4:49 pm

wow, shld hv bot a unit there so i can learn wat r the latest hit songs in mainland china at 2am in the morning
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Re: Sihanoukville project D'Seaview sells hotel for $15M

Post by CEOCambodiaNews » Wed Dec 12, 2018 7:31 pm

Hong Lai Huat calls off S$15.7m sale of hotel in Cambodia project
11 December 2018
HONG Lai Huat's S$15.7 million sale of a hotel at its D'Seaview project in Sihanoukville, Cambodia has been terminated after the buyer did not make full payment.

The mainboard-listed property developer said in a Singapore Exchange announcement that it received partial payment from the buyer as at Tuesday for the 98-room, 10-storey boutique hotel.

Hong Lai Huat sought legal advice from its Cambodian counsels and terminated the sale and purchase agreement.

"The Company is currently reviewing the overall impact of the termination on the group, and will update shareholders on other material developments at the appropriate juncture," it said.

D'Seaview is Hong Lai Huat's first major Cambodia project and the freehold project comprises 737 residential units and 67 commercial units.

Hong Lai Huat told The Business Times on Tuesday that the US$22 million sale of an adjacent piece of land spanning 22,064 sq m is "well in progress". The announcement of the sale in late August said the company would complete this sale in two-and-a-half months.

A company representative said the construction of D'Seaview is expected to be completed in 2019 and not affected by the termination of the hotel's sale.
https://www.businesstimes.com.sg/compan ... ia-project
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Re: Sihanoukville project D'Seaview sells hotel for $15M

Post by Duncan » Wed Dec 12, 2018 7:39 pm

There is probably more money to be made, especially by lawyers, in terminating the deal , than going ahead with the deal?
Cambodia,,,, Don't fall in love with her.
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Re: Sihanoukville project D'Seaview sells hotel for $15M

Post by willyhilly » Mon Mar 11, 2019 6:35 am

Where is this monstrosity in relation to the Sokha Hotel. Sihanoukville has so much empty land everywhere. It’s as though land owners were waiting for the Chinese invasion. Have the Russians sold out yet?
What has happened to the huge development with the shopping centre on the right after Sokha? And the two level apartments with the collapsed marina on the left just before one got to the beach where the Jamaican fellow had his bar.
Is he still around?
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Re: Sihanoukville project D'Seaview sells hotel for $15M

Post by rogerrabbit » Fri Mar 15, 2019 5:50 pm

willyhilly wrote:
Mon Mar 11, 2019 6:35 am
Where is this monstrosity in relation to the Sokha Hotel. Sihanoukville has so much empty land everywhere. It’s as though land owners were waiting for the Chinese invasion. Have the Russians sold out yet?
What has happened to the huge development with the shopping centre on the right after Sokha? And the two level apartments with the collapsed marina on the left just before one got to the beach where the Jamaican fellow had his bar.
Is he still around?
This one is 800 meters from Sokha hotel. Near that "huge development with the shopping centre", which is actually somewhat busy place now days. Lot of Chinese living there in the villas and shop houses are under renovation. They are fixing up the shopping complex to be a mall with a casino on top floor. Lot of shops on the ground floor already opened. And yes at least some Russians have pocketed nice amount of money selling land.
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