Phnom Penh is currently on the fast track as Cambodia’s economic outlook is positive with large investments pouring in.
Spring CJW Development Pte Ltd has Axis Residence to offer to the international market especially Malaysians. Axis Residence is pinned in the heart of Phnom Penh that comprises eight 10-storey blocks with 566 residential units and it is a freehold property.
With almost 20,802 square metre of area, the luxury condominiums are within the ring of Phnom Penh Special Economic Zone (PPSEZ) and located in a close proximity of the education city with international schools such Logos International School and Limkokwing University of Creative Technology.
“We have found that Malaysians are one of the big investors flocking into Cambodia nowadays due to its rental guarantee, rapid growth development, US dollar dominated economy, easy fund movement, and as well as vast business links where Malaysians are seen to open numerous factories there,” said Leong Boon Hoe, Managing Director of CBRE Realty Associates.
The property comes in 1 bedroom unit, 2 bedrooms unit, 3 bedrooms unit, and a penthouse with 4 bedrooms and amenities such as children’s indoor and outdoor playground, 50m lap pool, jungle Jacuzzi, indoor and outdoor gymnasium, and tennis courts.
The price of a unit in Axis Residence starts from RM356,000.00 or rental option at RM3125.00 and expected to ready by the third quarter of 2018.