The Bay Phnom Penh Cambodia

The Bay Phnom Penh in Cambodia is a mixed-use development located on the Chroy Changvar peninsular. This $500 million project is backed by TEHO International, a Singaporean company. The project comprises a number of a residential towers, it includes a hotel component and retail and commercial activities. The Bay Phnom Penh will be the tallest development in Cambodia.

• The Bay Phnom Penh is on FACEBOOK

The project will be built in four phases:

• Phase 1: Bay Suites
• Phase 2: Bay Residences
• Phase 3: Bay Sky Villas
• Phase 4: Bay Hotel

Phase 1, Bay Suites, was launched on the 7th of February 2015.

Project details:

Bay Suites is a 53-storey residential development comprising of a total of 668 freehold apartments. One-bedroom units are ranging in size between 40 sqm – 47 qm. Prices from US$130,000 or 4.2 million baht.

The first phase of the project includes the Okura Prestige Phnom Penh, a 45-storey luxury hotel.

Construction is expected to start in Q3, 2015. Phase 1 is expected to be completed in 2019.

The developer is TEHO Development, a subsidiary of the Singaporean company TEHO International Inc Ltd. This is a joint venture with a local developer, Sok Bun Development. TEHO owns 49% of the development while Sok Bun owns 51%.

It is interesting that The Bay Phnom Penh will include a shopping mall. In Thailand, a neighbouring country, The Bay Pattaya is a shopping mall under construction.

Chroy Changvar peninsular is turning into a new satellite city in Phnom Penh. New bridges are being built and a high number of investments are pouring into the area.

Facts:

• High 18% guaranteed rental return over 3 years
• Walking distance To school, universities, Sokha Hotel, Kitahara Hospital
• 10 minutes to Nagaworld Hotel and Casino
• 20 minutes drive to Phnom Penh International airport
• Tallest iconic building, monument masterpiece mixed development
• FREEHOLD
• Renowned Singapore developer & architect
• Only US$1000 to book a unit
• Early bird discount up to 10%
• Prices start from US$ 130,000
• No capital gains tax
• No witholding tax
• Low income tax
• Low property tax
• Easy exit plan

The Bay Phnom Penh is on FACEBOOK

Recommended article: The Riviera Phnom Penh

Published 13 April 2015

The Bay Phnom Penh Cambodia

The Bay Phnom Penh Cambodia

The Bay Phnom Penh Cambodia

The Bay Phnom Penh Cambodia

The Bay Phnom Penh Cambodia

The Bay Phnom Penh Cambodia

The Bay Phnom Penh Cambodia

The Bay Phnom Penh Cambodia

The Bay Phnom Penh Cambodia

The Bay Phnom Penh Cambodia

The Bay Phnom Penh Cambodia

The Bay Phnom Penh Cambodia

The Bay Phnom Penh Cambodia

Sokha Phnom Penh Hotel and Residence is also located on the Chroy Changvar peninsula

Sokha Phnom Penh Hotel and Residence

The Bay Phnom Penh Cambodia Map

The Bay Phnom Penh Cambodia Map

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