Located in Phnom Penh’s prestigious Boeung Keng Kang 1 (BKK1) district. Urbanland Asia Investment comes into the market with Embassy Central. The HKA & Partners-designed tower features 119 one- to three-bedroom contemporary apartments and penthouses that are a first for the city. A central location in Phnom Penh’s premium district means, “We have a good mix of both local buyers and international investors from China, Hong Kong, Singapore, Japan, Taiwan and Europe,” notes Mike Lee, Urbanland’s head of sales and marketing. “Most overseas buyers are buying for investment and the rest purchase for [their own use].” Lee argues Cambodia’s burgeoning middle-class and young population are just two factors that make the country a prime long-term business location. Additionally, “Cambodia has a stable and predicted economic growth of 6% to 7%, and the potential for higher returns on investment in a still-developing market are all factors that will continue to navigate the kingdom’s real estate growth.”
Embassy Central is scheduled for completion in 2019.