Creed to Launch Two More Projects

• 9 January 2016
• Property Focus
• 1541 Views

Following a strong market response from its first project, Bodaiju Residences, Japanese developer Creed Group will soon introduce two more projects targeting Cambodian buyers.

Unlike the Japanese-style Bodaiju Residences condominium complex, the upcoming projects are borey-style developments, though still imbued with a modern Japanese architectural style.

The second project, Borey Maha Sen Sok, is to be built on 12 hectares of land in Phnom Penh’s Sen Sok district about 3km west of the capital’s airport and Bodaiju Residences.

Consisting of 686 units, Maha Sen Sok will offer three housing types, one storey flats (Satsuki), two storey flats (Botan) and Villa lots with an average price per unit worth about US$50,000. Construction is scheduled to start at the end of the year.

“What make this project special is its simple modern design, good location in the new development area with high housing demand, high construction quality under Japanese management plus the affordable price with flexible terms of payment for customers,” said Mr. Heng Punnareay, Creed Group’s Business Development Manager.

The third project, Arata Garden Residences, is also in Sen Sok District about 3km will be launched early next year. Developed on 12 hectares of land, Arata will offer 712 units with six housing types, mainly shop houses and linked villas, with launching unit price for popular type around US$130,000.

“Arata” is derived from the Japanese word meaning new. The company intends to add a Japanese flavour to the housing designs, landscape concept, ecology and water flow in the Phnom Penh Thmey area, said Punnareay. “In each house, we simplify the design by harmonising it with the surrounding nature, Japanese alley garden concept “Komichi” with many access roads and big car parking spaces.”

While Borey Maha Sen Sok targets middle class Cambodian who are seeking affordable housing with a modern lifestyle, Arata Garden Residences are built for middle class Cambodians who prefer a luxury lifestyle combined with Japanese architecture and green landscape.

Creed Group has undertaken comprehensive market research on the housing needs of Cambodians before designing each project, and Punnareay expects these two projects to receive good market responses after the success of Bodaiju Residences.

“We believe in our products and the quality of living we are providing to the people,” he proudly said. “In the case of Bodaiju Residences, we have been very successful so far and we hope the same will happen and even better because these two projects are landed properties purely developed for local Cambodians.”

So far Bodaiju Residences has steered the company’s success in the Cambodian market. Just nine weeks after launching, over 60 percent of phase I has been sold, mostly to Cambodians and sales for phase II will open soon.

Creed Group has a long-term vision to build its empire by introducing more projects in Cambodia, according to Punnareay.

“Cambodia is a country with a growing middle class and we see a lot of potential and opportunities here that we can explore. We are here to extend our exceptional Japanese quality to the Kingdom of Cambodia for long term business,” he said.

ARATA PROJECT