In mid-2014, homegrown Singapore property developer Oxley Holdings began construction of its maiden development in Phnom Penh, Cambodia. Jointly developed by Cambodia-based Worldbridge Land, the freehold, mixed-use development called The Bridge is located in the Chamkarmorn district in the heart of the city.
It comprises a total of 2,339 strata units – 746 apartments, 963 SOHO units and 630 retail units – in twin 45-storey towers interlinked by two skybridges. The development was fully sold and completed last year.
The Peak faces the Tonle Sap River (Credit: Oxley Holdings)
Following the positive reception for The Bridge, Oxley Holdings is launching its second integrated mixed-use development. Located within a five-minute walk from The Bridge, The Peak is a freehold, 55-storey, mixed-use development occupying a land area of 135,723 sq ft.
It will offer a total of 1,014 apartments across two towers; a commercial tower that will house 15 floors of office units as well as the 300-room Shangri-La Hotel; and a five-storey retail podium.
The Peak has 15 levels of strata Grade-A office units (Credit: Oxley Holdings)
The Peak is currently under construction and is expected to be completed in 2020. Oxley Holdings has appointed CapitaLand Retail Management to manage the 420,000 sq ft retail mall.
Facing the Tonle Sap River, The Peak is within proximity to an existing AEON Mall, NagaWorld Integrated Resort and embassies.
The 507-unit residential Tower 1 comprises a range of studios; one-, two-and three-bedroom apartments; and penthouses, from 462 sq ft to 1,970 sq ft.
The 507-unit residential Tower 1 comprises a range of studios; one-, two-and three-bedroom apartments; and penthouses (Credit: Oxley Holdings)
According to the developer’s FY2018 annual report, all the office units at The Peak have been completely sold. In an email response to EdgeProp Singapore, Oxley Holdings says it has sold around 80% of the residential units at The Peak.
It adds that buyers of the residential units at The Peak can opt in for a guaranteed rental return scheme of 6% for two years.
Living room view from a residential unit at The Peak (Credit: Oxley Holdings)
In addition to The Peak, Oxley Holdings has also launched its third project in Phnom Penh. The Palms is a freehold luxury residential development at the Mekong riverside spanning 405,684 sq ft and is a stone’s throw away from the city centre. The development comprises 206 resort homes and will have the first man-made beach in Cambodia with more than 60 facilities, including a clubhouse. Every unit will overlook the beach as well as the Mekong River. The project is expected to be completed in 2020.
Oxley Holdings is marketing these projects in Singapore, Hong Kong and China.
EdgeProp’s first International Property Show is taking place on 4 and 5 May 2019 at the Level 3 Concourse of Suntec Singapore Convention and Exhibition Centre. The International Property Show is an ideal starting point for first-time buyers who seek a better understanding of investing in overseas markets. Visitors can also expect exclusive discounts and offers at the show.
Complimentary tickets can be obtained now at: http://edgepr.link/ips2019