Singapore developer announces luxury condominium near Phnom Penh
SINGAPORE'S YUEN Development Co has introduced its first luxury condominium in Cambodia, La Vie Residences, in Chroy Changvar, an adjunct to the capital city Phnom Penh. Units at La Vie Residences are priced from US$112,888 (Bt3.67 million) for a one-bed
Darren Yap, director and chief executive officer of YUEN Development, said La Vie’s biggest selling point was its attractive entry-level pricing structure.
Its deluxe positioning is backed by imported top-of-the-line fixtures and amenities comparable to Singapore’s luxury condo developments. It also features international expertise in design and architecture, he said.
With a sweeping driveway and lobby extending upwards 10 metres in height and a towering condo block that promises unparalleled vistas of the famed Tonle Sap and Mekong River, owning a La Vie unit is guaranteed to clinch above-market rental yields and long-term capital gains, he said.
La Vie Residences is a 17-storey 180-unit freehold condominium. With a total built-up area of 26,000 square metres, La Vie’s residential units include one-, two- and three-bedrooms.
Residents can expect exclusive access to La Vie’s around-the-clock barbecue pit, fully equipped gym and swimming pool.
Oversized windows play on natural light during the day while offering spectacular views of the city at night.
La Vie is also located along National Road 6, which forms part of the Asean highway network. Shopping malls offering a full suite of international retail and restaurant brands, banking and medical amenities will be located close to La Vie.
With two more phases of mixed-use projects in the pipeline, YUEN Development views investing in Cambodia as highly scalable. The future for Cambodian property is in Chroy Changvar and now is the time to buy, Yap said.
He added that as Cambodia looks forward to this year’s Asean integration, the company is pleased to say that all La Vie projects are inter-connected to the Asean highway system.
Being located in such strategic spots secures YUEN Development’s commitment to a functioning business model that is sustainable in the long term, he said.
In other words, the company takes pride in responsible real-estate development that seeks to harness the best returns for its buyers.
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