The Gateway @ Cambodia is set to be the latest development launch in the centre of Phnom Penh’s bustling city. With a timeless facade well engineered and design, this high-rise development will tower over the rest and overlook the rest of the city. The Gateway @ Cambodia have been specially designed for residents to work, live and play without leaving the development. It will comprise of a mixed of residential apartments ranging from 1 to 3 bedrooms, offices space, and 2 levels of retail outlets all at your doorstep. Cambodia demographics comprise of a younger group of people with many entrepreneurs and small start-up firms. This results in the strong demand of office spaces in this region which have led to the developer deciding to integrate office spaces at The Gateway Cambodia.
The Gateway @ Cambodia is strategically located in the city’s centre, and is just 30 minutes drive away from Phnom Penh International Airport. Also a short drive away will take you to the central business district where all the banks and other financial centres are located. This has led to strong demand in the rental housing due to the high influx of expats working in this region. Over the past two decades, Cambodia’s economy have been growing at a healthy steady state which in turn cause the housing property market to double every 4-5 years in Phnom Penh. More foreigners have been investing in Phnom Penh new launch development with the majority of the purchasers being local Cambodians. This means that prices are still affordable in this region.
The Gateway Cambodia is an ideal development for investors to consider. In addition to its potential capital appreciation, this region have been known for its high in rental demand and rental yield of an average 7-10%.
Register in the form below for the latest updates and VVIP viewing. There will be a sales gallery in Singapore. For foreign buyers outside Singapore, you may still proceed to purchase a unit. Simply register in the form below and you will be guided through the sales procedure by our sales personnel.
The Gateway @ Cambodia Factsheet
Project Name: The Gateway
Developer: TACC (C.R.) Ltd (Singapore Developer Tiong Aik)
Address: More commonly known as Russian Boulevard (Phum 10, Sangkat Phsar Depo, Khan Toul Kork, Phnom Penh, Cambodia)
Brief Description: The Gateway Cambodia features a mix development of 26-storey residential apartments with 572 units, 24-storey of office spaces with 299 units, and 2 levels of retail outlets. There will be a basement carpark as well
Site Area: approximately 6040 sqm or 65,014 sqft
Tenure: Freehold
Total Units: 572 Residential Units, 299 Office Units, 2 Levels of retail outlets
Parking: 1 basement and 6 level multi-storey carpark comprising of a total 645 car lots and 79 motocycle lots.
Estimated Completion: 2019 December
Why Invest in The Gateway Cambodia?
- Situated in a prime address of Russian Boulevard, the only major road leading from Phnom Penh Airport to the Central Business District
- Freehold
- Low Quantum
- Rare supply of Grade A Offices, which are mostly for rent and not for sale
- Vattanac Tower and Canadia Tower Grade A offices commands from US$32psm, this reflects a rental return of easily 8% and above
- Reputable Singapore developer Tiong Aik, with a long history and healthy track record
- Surrounded by many government buildings and offices
- Located at the Central business district and financial center of Phnom Penh
- The Gateway Cambodia offers with of without Guarantee Rental Return to purchasers
- Mix development of Grade A offices, Residential, shops, all in a development
- 30 Minutes to Phnom Penh International Airport
- Surrounded by Tertiary Educational Institutions and Embassies
- Low supply of Grade A offices
The Gateway Cambodia Location Map
The Gateway Cambodia Condo Site Plan
The Gateway Cambodia Floor Plan
Residential
1 Bedroom – 39 sqm / 420 sqft
2 Bedroom – 65 sqm / 700 sqft
3 Bedroom – 82 sqm / 883 sqft
*Sizes quoted above are internal spaces
Grade A Office
44-107 sqm / 474-1152 sqft
*Sizes quoted above are internal spaces
The Gateway Cambodia Price
Price is estimated to be from low US$1xxk for residential, and Low US$2xxk for Office space
For an exact pricing of a unit, register for an appointment to view The Gateway Cambodia showflat showroom by calling or filling the form at the bottom of this page.
The Gateway Discount Scheme and Offers
Optional Guarantee Rental Return
Residential: 6% / year for 2 years – Total 12%
Office: 8% / year for 2 years – Total 16%
Discounts
Single Purchaser entitled to 3% discount of purchase price
Multi Purchaser (2-7 units) entitled to 5% discount to all units
Bulk Purchaser (8 units above) entitled to 8% discount to all units
50% upfront payment additional 5% discount
No Guarantee Rental Return Discount for Residential and Office will be 10% and 12% respectively
Charges and Taxes for Cambodia Property Purchase
Before Purchase
- Notary Public Fee estimated S$60-80 in total per purchaser
- Cambodian Lawyer (OPTIONAL) to go through Sales & Purchase Agreement of US$300 if needed
- VAT (Value Added Tax) of 10% is absorbed by developer
After Purchase
- 4% stamp duty on property value upon transfer of Hard Title (or ownership title)
- Property Tax of 0.1% / year on property value
- Rental Tax of 10% for residents or 14% Witholding Tax of rental amount for non residents
- Maintenance fee of estimated US$0.80-1.00 / SQM / month
Resale
- VAT – 10% applicable only for VAT registered companies
- Capital Gain Tax – 0% for individual, 20% for companies
The Gateway Cambodia Sales Procedure
For Purchase made in Singapore
- Booking Fee of S1400
- Issue of Sales & Purchase Agreement (SPA) within 14 days of Booking
- Signing of SPA within 7 days of issue, together with payment of 15% of purchase price
- 10 % Payment on 1st March 2016
- 10 % Payment on 1st Sept 2016
- 10 % Payment on 1st March 2017
- 10 % Payment on 1st Sept 2017
- 5 % Payment on 1st March 2018
- 40% payment on Handover estimated in 2019
For Purchase made outside of Singapore (Handling will be in Singapore office), Procedure as follows:
- Telegraphic transfer of US$1,000 to project account
- Issue of Sales & Purchase Agreement (SPA) within 14 days of Booking
- Courier of SPA over to address of residence, along with emailing of scan copy to purchaser
- Signing of SPA within 7 days of issue, together with payment of 15% of purchase price through telegraphic transfer. Instructions will be given on where to sign on the SPA. Extension of dateline is possible due time taken to courier documents. However 15% payment must still be made within 7 days of SPA issue.
- 10 % Payment on 1st March 2016
- 10 % Payment on 1st Sept 2016
- 10 % Payment on 1st March 2017
- 10 % Payment on 1st Sept 2017
- 5 % Payment on 1st March 2018
- 40% payment on Handover estimated in 2019
*Handling agent will be in close contact with purchaser during purchase process, through email and text messaging (via Whatsapp +65 91505616). Enquire now for more information
Other Great Projects to Consider in Cambodia
The Peak Cambodia
Impress and invite your friends over at The Peak. Clad in a gold facade, The Peak features an integrated world renowned Shangri-La Hotel, together with Residential and Retail mall. Good product comes with a price, with studio starting from USD190,000.
“It’s Far better to buy a wonderful company at a fair price, than a fair company at a wonderful price” – Warren Buffett
For more product information and pricing, visit The Peak Cambodia
The Bridge Cambodia
The Bridge Cambodia is a mix development with first of its kind SOHO (Small Office Home Office) concept in Cambodia. Together with apartments and retail mall on the first few levels. Developed by Oxley-WorldBridge, The Bridge is located just beside The Peak and offer purchasers a low entry point in investing in Cambodia
For more product information and pricing, visit The Bridge Cambodia
Register Your Interest For The Gateway Cambodia