Chip Mong Land Launches Sales of Its First Condominium Project

To capitalise on the strong demand for new modern lifestyles, developer Chip Mong Land launched sales of its ‘Park Land Condo TK’ on 24 May.

Stretching along Oknha Mong Reththy street in the main commercial area of Sen Sok district, this first condo project of Chip Mong Land is a 26-storey luxury condominium featuring many facilities which will best serve new modern lifestyles.

‘Park Land Condo TK’ is the first condo in Cambodia with a green rooftop garden along with a jogging track. The condo also comes with a huge 6 by 40 metre swimming pool, four floors of parking, a large playground, a modern fitness centre, co-working space, and a sky pavilion for tenants to host occasional social event.

Speaking at the launch ceremony, Mr Henry Leang, President of Chip Mong Land said, “Park Land Condo TK has been built in addition to our residential, villa and shophouse projects to meet the needs and the trend of modern-day people who choose affordable residences, clean, safe, mix-used services, good location, and especially living in a standard accommodation.”

Citing that the project is scheduled to be finished by 2022, Mr Henry Leang said, “Park Land Condo TK is built with unique architecture to provide a durable and modern home to customers.”

While presenting the project to potential customers, the company sales manager Mr Teng Koytry said that the company’s decision to enter the condominium market is because the company sees opportunities such as 1) the younger generation want to try a new way of living in condos 2) good location is important as current condo supply in Sen Sok district is only about 14%, and 3) the demand for affordable housing for newly-married couples.

For the sales launch for the first building with more than 1,300 units, the company will offer discounts of up to 5% and instalments without interest for up to two years at only US$499 per month.

For more information, please contact the company directly via 061 997 888.

- Video Advertisement -

Related Post

Cambodia Maintains the World’s Highest Central Bank Interest Rates, Defying Global Trends

In the third quarter of 2024, Cambodia continues to lead global markets, with central bank interest rates soaring between 10% and 12%, starkly contrasting with the 0% to 6% range maintained by most major economies. This divergence, detailed in a report by CBRE Cambodia published on 17 October 2024, spans from December 2021 to December […]

Cambodia’s Construction Investments Struggle to Recover as 2024 Sees Significant Drop

Cambodia’s construction sector continues to face a challenging period, with approved investment projects in 2024 falling to about 2,190, valued at under $4 billion, a stark contrast to the nearly 4,841 projects worth approximately $12 billion in 2020. The latest report from the Ministry of Land Management and Urban Planning, presented by CBRE Research on […]

Cambodia’s Tourism Rebounds to Near Pre-Crisis Levels, But Chinese Arrivals Lag Behind Regional Peers

Cambodia’s tourism sector is witnessing a robust rebound in 2024, with international arrivals reaching 4.4 million in the first eight months, a 22.5% surge compared to the same period last year. This strong performance brings the country within 1.6% of its pre-crisis peak of 6.9 million visitors in 2019, highlighting the sector’s steady recovery after […]

PwC Slapped with Record US$62.2 Million Fine and Six-Month Ban Over Evergrande Audit Failures

PwC Zhong Tian, the China arm of the global accounting giant, has been fined a record US$62.2 million and banned from auditing for six months for its failure to identify financial misstatements in China Evergrande Group’s accounts between 2018 and 2020. The penalties, the most severe imposed on an audit firm in China, are part […]

While China controls most of the real estate market, Japan continues to dominate ASEAN’s major economies

Though growing rapidly, Chinese foreign direct investment (FDI) in Southeast Asia remains more focused on tertiary industries like finance, construction, and real estate, and is particularly prominent in less-developed economies such as Cambodia, Laos, and Myanmar. According to a recent study by Guanie Lim and Chengwei Xu, China’s FDI in these sectors may complement, rather […]

Vietnam Ranks as Southeast Asia’s Least Transparent Real Estate Market

Vietnam’s real estate market has been ranked as the least transparent in Southeast Asia, placing 49th out of 89 countries and territories in JLL’s 2024 Global Real Estate Transparency Index. The report places Vietnam behind regional peers Singapore (13th), Thailand (32nd), Malaysia (33rd), Indonesia (40th), and the Philippines (45th) in terms of transparency, highlighting key […]