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.
The Gateway Cambodia Building
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.

Cambodia Property Price has high appreciation potential and rental return

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.

The Gateway @ Cambodia Project Details

Developer : TACC (CR) Pte Ltd

Tenure : Freehold

Type : Mix development with integration with residential apartments, offices and recreational facilities

Total Residential Unit : 527  Total Office Unit: 299 Residential

Unit Mix : 1 Bed Room (420 sqft) / 2 Bed Room (700 sqft) / 3 Bed Room (883 sqft) Office Size: 474 to 1152 sqft

TOP date : 2020

The Gateway Cambodia Price and Psf

The Gateway Cambodia Price for 1 Bedroom : USD $12x,xxx

The Gateway Cambodia Price for 2 Bedroom : TBC

The Gateway Cambodia Price for 3 Bedroom : TBC

The Gateway Cambodia Price for Offices : USD $20x,xxx

The Gateway Cambodia Payment Schedule

  • Booking Fee of USD $1000
  • 10% less booking fee within 21 days of booking
  • 10% by TBC
  • 10% by TBC
  • 10% by TBC
  • 10% by TBC
  • Balance 50% upon completion and TOP.

The Gateway Cambodia  – Fee and Taxes

Legal Fee : $50 to $100 if using notary public fee for witnessing signature.

USD $300 upward for Cambodian Lawyer (optional)

Stamp Duty (Transfer fee for hard title) : 4% of property value payable upon

Handover Tax on immovable property : 0.1% per annum (value determined by immovable property assessment committee)

Tax on rental income : 10% per annum on gross rent

Capital gain tax : Not applicable for individual. 20% for corporate.

VAT : 10%

The Gateway Cambodia Floor Plan 

Thank you for visiting The Gateway Cambodia Website. For more details of  The Gateway Cambodia price, The Gateway Cambodia Location and The Gateway Cambodia Floor Plan please select the respective drop down menus on top of this page.

Developer Hotline 6100 0607

[contact-form-7 id=”5724″ title=”Registration For The Gateway Cambodia Price Update”]
 

Pin It on Pinterest

Share This