The Gateway Cambodia Phnom Penh by TACC

The Gateway Cambodia developed by Singapore Stock Exchange listed developer Tiong Aik Cambodia subsidiary TACC (CR) Ltd. The Gateway Cambodia will be located near Phnom Penh central business district. It is a mix development with a total of 572 residential units and 299 offices.

Phnom Penh Cambodia’s capital is located on the banks of the beautiful Mekong and Tonle Sap River with a increasing growing population of around 2 million people. Foreign investment couple with strong growth in tourism, garment and agriculture sectors fuelling economic growth in Cambodia. Cambodia GDP growth of 7.5% in 2013 combine with its rich cultural and entertainment pleasures Phnom Penh offer make it a attractive destination for many international expatriates to relocated there. Phnom Penh is a rapidly growing city with bars, cafes, entertainment centres, supermarkets and schools. Area in Boeung Keng Kong 1 are quieter with tree lined avenues and more spaciously positioned buildings. Other area such as Central market are busier and higher density. The riverfront area offers views of the beautiful Mekong River and the Russian Market is an new up and coming area in Phnom Penh.

Entertainment and shopping around The Gateway Cambodia Phnom Penh By TACC

The Gateway Cambodia Location In Phnom Penh

The Gateway Cambodia is located in super prime area inside the Central Financial District (CBD) of Cambodia Phnom Penh.

The Gateway @ Cambodia Phnom Penh Location

The Gateway Cambodia Residential Interior

Advantages of Investing in The Gateway Cambodia

Under current Prime Minister Hun Sen leadership, Cambodia has enjoy peace and prosperity for almost 2 decades. GDP growth forecast of Cambodia is well above 7% from 2014 to 2018. The median age of Cambodia population is 24.1 years. Potentially this means Cambodia’s young work force will contribute to steady growth of it economy in the future. The combination of a young work force in a growing economy with a stable government plus strong foreign investment will definitely translate to higher spending power in domestic population and a appreciated real estate market.

ASEAN Free Trade Agreement

ASEAN, the Association of South-East Asian Nations, is gaining considerably in importance as a trade bloc and is now the third largest in the world after the European Union and the North American Free Trade Agreement. Comprising the Asia Tigers of Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam (the ASEAN 6) with the smaller players such as Brunei, Cambodia, Laos and Myanmar, it has a combined GDP of US$2.31 trillion (2012) and is home to some 600 million people. The ASEAN bloc have largely cancelled all import and export duty taxes on items traded between them, with the exception of Cambodia, Laos, Myanmar and Vietnam, who continue to impose nominal duties on certain items. However, these too will be completely lifted as of December 31st, 2015, meaning that the entire region will be duty free from this date.

China-ASEAN FTA benefit Cambodia and The Gateway @ Cambodia

Cambodia Property Price has high appreciation potential and rental return

Price Comparison of The Gateway @ Cambodia

Cambodia properties price is still low compare with the rest of the neighboring countries. But in turn of rental yield local newspaper The Phnom Penh Post is reporting that condo rental return is between 6 to 12% yield.

Rental Yield Comparison of The Gateway @ Cambodia

Major Advantages of investing in The Gateway @ Cambodia Phnom Penh

Political stability. Although in the past decades the country witnessed war and civil unrest, in recent years the ASEAN member is socio-political has tuned 180 degrees and it enjoys a relatively peaceful era under Prime Minister Hun Sen.
Macroeconomic stability. Cambodia’s developing economy has an anticipated high-growth outlook.
Low inflation.
Stable exchange rate.
Low debt-to-GDP rate.
Investment incentive. The country has an existing investment law that provides very generous incentives for investors. No foreign levy or capital gain tax.
No exchange control.
Every economic sector is open to foreign investment.
Full ownership. Foreign investor can own 100% of their business.
Money can be easily transferred into and out of the country.
Its young work force will mean better purchasing power in the near future and demand for housing will increase due to household formation.
High GDP growth.
High rental return.
Cambodia being strategically located beside Thailand and Vietnam and midway between China and India enjoy economic spill over from the growth of all its neighboring counties economy.
Cambodia has many untapped natural resources such as popular tourism sites, mineral deposits, off-shore oil and gas reserves and lots of fertile land for agriculture.
Reputable public listed Singapore developer will good track record.