Chroy Changvar Riverside: Sokha Group set to Transform Chroy Changvar
Chroy Changvar Riverside: Sokha Group set to Transform Chroy Changvar
A large multi-purpose project of the Sokha Group has just been announced publicly on the company’s official website. This huge multi-purpose project on Chroy Changvar peninsula will include residential condominiums, a large and modern commercial center and various other features yet to be announced.
Recent news suggests the Chroy Changvar area is set to transform into an area with great potential in commercial and residential real estate in the coming years, and especially so for foreign investors able to purchase these properties under the foreign investment law regulation.
This new investment of by the Sokha Group represents the largest project in Chroy Changvar to date.
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The “Chroy Changvar Riverside” concept evolution draws on many traditions of Khmer culture. The Design concept revolves around the Dragon Boat and sail, a famous symbol of the Khmer culture. The Dragon Boat race is an important cultural event that takes place on the Tonle Sap River every year. The architectural form of this event is relayed through the elements of the water, the boat and the sail – creating an architectural design with natural flow, transparency and a design that embraces the elements of the riverside where it will soon stand. Meanwhile, the Apsara dancers, a staple of traditional royal Khmer culture, are also merged into the design – representing beauty, divinity and the spirit of unity toward mutual progress.
Sokha’s project looks over the Mekong river, Tonle Sap and royal palace: “So far there is no project in such a place, meaning buyers may come from foreign countries to enjoy a high standard of living here,” says Ms Chamroeun Phoeurk, marketing director at Emerald+ Property Management.
Mr. Van Chanthoeun, ceo of TownCity Real Estate, agrees with Ms Chamroeurn, “this new project’s location is really good, and well suited to the property development in this region. Furthermore, Sokha Group is a huge company with substantial experience in the field of real estate and property development over many years in Cambodia.” Mr. Chanthoeun added that, “the company already has many customers in hand.”
Chanthoeun continues to say, “I think that this project will absorb more and more buyers from foreign countries; and if this project allows agency services to assist the buyers in helping them to find those who want to rent, this rental return service will grant investment buyers more profit and ultimately help the projects long term success.”
Stay tuned to Realestate.com.kh NEWS for more information about this huge new project as soon as it is released.
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Source: News – Real Estate Cambodia