Royal Bayview Aims for Independence Beach

• 9 December 2016
• Property Focus
• 2612 Views

While many new property developments have crowded Phnom Penh and its vicinity, Royal Bayview has distinguished itself from the crowd by developing only at one of Sihanoukville’s premier beach locations, specifically designed for residents who love coastal scenery and fresh sea air.

Located at Independence Beach, which is one of the best natural beaches in Sihanoukville, the project is to be built on a 160,000 square metre plot which is just 100 metres away from the beach.

The luxury resort development will feature three condominium towers (Towers A, B and C) reaching up to 36 floors and offering various properties types designed for fine international lifestyles. Speaking at the project’s media briefing on 28 September in Phnom Penh, the developer’s Marketing Director Mr. Ma Zeng Wei said the ground floor and the first two floors will be dedicated to commercial space and a casino. The 3rd floor will be for a botanic garden, leaving the 4th to 36th floors to accommodate 1,344 condo units. The 37th floor will house the sky garden.

With a total investment of USD250 million, Royal Bayview is being developed and constructed by Hong Lien Development and Construction Co., Ltd, a subsidiary of Hong Lien Group, one of the leading property developers in China’s Shenzhen province with over 20 years of experience in developing many major property developments in China. Royal Bayview is its 2nd development in Cambodia following the launch of the Skyline Condo in Phnom Penh this year.

Each unit is designed to international luxury residential standards and is to be equipped with a smart internet Wi-Fi system, CCTV cameras, key card elevators and an automatic car parking system to make life more comfortable.

Construction will start primarily on Tower A in early 2017 and is scheduled to finish by mid-2018 with units delivered to clients in 2019. Construction for the buildings B and C will start together later on.

Royal Bayview offers an incentivised payment scheme to gain customers’ trust. Customers can settle the instalments payment gradually along with the progress of construction.

With just a USD2,000 deposit for booking, customers just pay 10 percent of the total value upon signing the purchasing agreement. After construction kicks off, another 10 percent payment is required. Upon completion of the commercial floors, customers can deposit another 10 percent and from the 4th to 36th floors, buyers can deposit another 20 percent which is divided into four payment phases. Once the interior design and decoration is ready, another 20 percent is required divided again into four payment steps. Buyers can pay the remaining 30 percent upon receiving the unit key from the developer.

According to Mr. Ma Zeng Wei, Royal Bayview will stretch 241 metres along the beach inside the 1,000 metre long botanic green belt project along Independence Beach built in collaboration between Hong Lien Group and the government. Once completed, Independence Beach will become one of the major tourist destinations in Sihanoukville.

“Although the property market is not booming greatly like previous years, we are still confident with our project as we have observed that there are few condominium developments in Sihanoukville, and our project is based at Independence Beach which is a great location,” he said. “We admit that many projects have been launched on to the market, but none of them are at a great location like ours.”

As sales of the units will go online at the project’s grand opening event this November at an average price of USD2,000 per square metre, the developer is opening this opportunity to any real estate agencies interested in being a sales partner.

The developer also leases back the units from clients for the first three years with a guaranteed 8 percent rental yield per year with the possibility to renew the rental contract with the market rate.

Property Features

• Air conditioning
• Bath
• Broadband
• Built-ins
• Lift
• Modern bathroom
• Modern kitchen
• BBQ
• Balcony
• Entertainment area
• Garden
• Gym
• Sauna
• Secure parking
• Shower facilities
• Storage area
• Swimming/Lap pool
• Safe
• Swipe card
• Close to parks
• Close to schools
• Close to shops
• Close to transport
• Natural property
• Resort property