Singapore investors moving into Cambodia real estate
Singapore property investors are dipping their toes into homes in the Emerging market of Cambodia real estate, though in relatively small numbers.
In August, Singapore Mainboard-Listed developer – Oxley Holding, preview launch Tower 1 of the 55-storey The Peak in Singapore.
Only 16 levels of the 507 units Tower One was released in Singapore Preview Launch.
A number of Studio units, out of 32 units released were snapped up by investor following the launch.
According to Developer’s releases information, a Memorandum of Understanding were signed between them and Shangri-La Holding dated back to 23 October 2014 and a further agreement with Shangri-La international hotel management Limited to manage and operate hotel in Phnom Penh was released on 27 April 2015.
Following Singapore Preview Launch, it will be Taiwan and then Cambodia Preview Launched.