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Description

28 RC Suites

Project Name: 28RC Suites
Developer:Sysma Holdings Pte Limited
Description:A mix residential and commercial development along Race Course that contains 45 residential units and 8 commercial shops
Address:28, Race Course Lane, Singapore 218000
District:08
Total Units:45 residential units and 8 commercial units
Tenure:Freehold
Expected TOP:December 2017
Unit Mix:1 bedroom typical units (39 units)- size: 409-603 sqft
1 bedroom penthouses  (6 units)- size: 764-872 sqft
commercial shops (8 units)- size: 248-452 sqft

OVERVIEW

Located in the heart of Phnom Penh overlooking the magnificent Skyline of the City, The Bridge is a 45-storey mall that is composed of 2 unique and incredible towers that are connected by 2 sky bridges that provide immediate access to everything that the building offers.

The Bridge boasts 5 levels of retail space for all kinds of shop spaces. There are shophouses, food courts, shop units, restaurants, banks, stores and supermarkets as well as secured car parking and a central atrium spine.

the bridge cambodia progress

WHY INVEST IN THE BRIDGE

There are plenty of reasons why you should invest in The Bridge.

One of these is the fact that it’s the first integrated mixed development mall in Phnom Penh.

The Bridge has a high rental guarantee scheme in Cambodia market over 10 years.

It has a 6% per annum rental guarantee for the first 6 years and 8% per annum rental guarantee for the first renewal or year 6 to 10. 70% over 10 years.

You will have a first mover advantage in developing Cambodia now, just like Manila and Bangkok years ago and enjoy potential currency exchange gains with the advantage of USD.

The Bridge is located in a prime location opposite Shangri-La Hotel, similar to Orchard Singapore.

Another reason why you should invest in the mall is the affordable price of the units. Freehold shops start at only USD91k.

Each unit will be managed by Metro Global, a first-class hospitality management company.

Here are other reasons why you should consider investing in The Bridge?

  • Developed by Oxley International, a public listed and established Singapore developer
  • Surrounded by embassies, casino, shopping mall and 5-star hotels
  • Developing economy with 7% GDP Growth, so property prices on track to increase by 7% every year
  • Chamkarmon Land, the location of the mall, has doubled in prices
  • ASEAN Economic Zone integration will increase prices of property
  • Highest rental amounts in Asia at 10% to 12%
  • Potential currency gains from US dollar
  • Deferred payment
  • Lowest tax amounts in Asia
  • Increase in registered companies in year 2014
  • Guaranteed 70% nett rental return for retail and 39% for SOHO
  • Low upfront payment
  • Mixed development – play, work and live – First of its kind!
  • Guaranteed rental return of 70% over 10 years
  • 45-storey integrated condo with retail, SOHO and F&B as well as scenic views
  • Surrounded by popular restaurants and tourist spots
  • Rare freehold
  • Limited supply of Grade A shopping malls and SOHO
  • No limit on repatriation of funds
  • Robust property price appreciation of 5% to 10% per annum
  • Very investor friendly as it doesn’t require SSD, Capital Gain Tax, TDSR, ABSD, Low Property Tax or Withholding Tax
  • Growing tourism demand – 20% increase every year from 2004 to 2014

WHY INVEST IN CAMBODIA

Tourism in Cambodia has grown over the years. In fact, the growth of the industry averaged 20% per annum between 2004 and 2014.

The current rate of Cambodia Phnom Penh shop rentals is at USD62.90 per sqm or approximately S$8.18 psf.

The rents of Phnom Penh shops at older malls have also increased 10% over the last five years.

One good example of this is Sorya Mall. On the other hand, the rents of Phnom Penh shops at new malls have increased 25 to 50% yearly between 2014 and 2015.

Vattanac Capital and TK Avenue are good examples of this. Plenty of brands have also entered in Cambodia.

Both local and foreign retailers are entering into the market of Cambodia due to the high profit margin and lower operating costs. In fact, AEON Mall that is only 5 to 10 minutes away from The Bridge is 100% rented out with a long waiting list of tenants.

When compared to other developing markets around the region like Myanmar, Philippines, Indonesia, Thailand and Vietnam, the GDP growth of Cambodia is the highest among them.

Cambodia’s rental yield is also the highest. Property transaction in the country uses US Dollar, a global currency.

This gives investors additional assurance from possible market currency fluctuation.

Cambodia also allows foreigners to own freehold development and the country also has one of the lowest property tax rates among the regions.

Moreover, Cambodia doesn’t limit repatriation of funds back to the investor’s home country.

Read More: The Complete Guide to Investing In Cambodia Property

the bridge cambodia price

CONSTRUCTION PROGRESS

The Bridge Construction Progress July 2017 Front
The Bridge Construction Progress July 2017 Back

VIDEO OF THE BRIDGE ACTUAL SURROUNDINGS

LOCATION MAP

The Bridge is located in the capital of Cambodia, Phnom Penh.

Shopping malls, historical and cultural buildings as well as retail and entertainment outlets are within reach from the building.

Diamond Island is only 5 minutes away from The Bridge. There are also plenty of rich heritage spots nearby such as the Ministry of Foreign Affairs, the National Assembly Building and the Australian Embassies.

The Bridge is near 5-star hotels as well. It’s within walking distance to the Embassy of Russia and Naga World Casino.

Five minutes away from the mall are the Koh Pich City Hall, Elite Town Golf Club, AEON Mall and Phnom Penh Independence Monument.

The Bridge offers a marvelous 360⁰ view of Bassac River, the city of Phnom Penh and Diamond Island.

Phnom Penh International Airport is a 30-minute drive from the mall. It is also near the esteemed Zaman International School.

There are plenty of premium luxurious facilities as well as entertainment and lifestyle eateries that you can enjoy.

The Bridge Cambodia Location Map

ENQUIRE ABOUT THE BRIDGE CAMBODIA

AND BE LIKE A INVESTMENT GURU

WHO SHOULD INVEST IN THE BRIDGE

The following should consider investing in The Bridge:

  • Those who want to invest in a fast emerging economy
  • Those looking for a safe foreign property investment by a reliable public listed Singapore developer
  • Those who want a low capital outlay property investment
  • Those who need a consistent return of money through property investment
  • Those who want a hassle free investment that is properly and completely managed by a trustworthy company
  • Those who want extra return aside from US dollar appreciation

AMENITIES

Shopping Mall

  • 2nd and 3rd Floor
  • Ground Floor, 1st Floor and 4th Floor (Food court and Supermarket) – Not for sale.

Recreational Facilities

Tower 2 – SOHO Tower (39th Floor)

  • Swimming pool
  • Gym
  • Steam Room
  • Jacuzzi
  • 414 Motorcycle Lots
  • 1,034 Car Park Lots

Tower 1 –Residential Tower (13th Floor)

  • Gym
  • Concierge
  • Jacuzzi
  • Swimming Pool
  • Function Room
  • Steam Room
  • Reading and Lounging Room
  • Children Playground
  • Landscaped gardens w/BBQ pavilions

Security

  • Security System w/CCTV cameras (24 hours)
  • Card access control maintenance office (24 hours)

Modern Facilities

The Bridge boasts a wide range of modern facilities including a children’s playground, steam room, Landscape Skydeck with BBQ pit at the thirteenth storey, gymnasium, swimming pool, Jacuzzi and swimming pool. There’s also round the clock security.

Wide Variety of Units

The Bridge has luxurious apartments, penthouses, two bedrooms plus study room and 3-bedroom units. Small Office Home Office (SOHO) units provide a combination of play, live and work. Even discerning individuals will find the homes and shops attractive. SOHO units are ideal for both private residential and small office. All bedrooms have built-in wardrobes, tile flooring, bathroom fittings, water heater, air conditioner and built-in kitchen cabinet with a cooker hood as well as hob.

Splendid Facade

The facade of The Bridge is composed of two impressive towers that are connected by two sky bridges.

Retail Spaces

The Bridge has 5 retail space levels for all kinds of shops. There are restaurants, a 4-storey central atrium, 2-storey shophouses, food courts and shop units. There’s also sufficient parking space.

The Bridge Swimming Pool

UNIT MIX

Unit Type

  • SOHO Tower – 963 units
  • Residential Tower – 762 Apartments
  • Commercial Podium – 630 units
    • 1 Food Court
    • 1 Supermarket
    • 47 F&B
    • 549 shops
    • 32 Shophouses

SITE MAP

FLOOR MAP

The Bridge Cambodia Floor Plan
The Bridge Floor Map

FLOOR PLANS

DEVELOPER

The Bridge is jointly developed by Oxley International Holdings and Worldbridge Land (Cambodia) Co., Ltd.

Oxley International Holdings

Oxley Holding DeveloperEstablished in March 2010, Oxley International Holdings is a lifestyle property developer listed and headquartered in Singapore that specializes in developing quality industrial, residential and commercial projects. Their developments are usually situated in choice areas that can be easily accessed through various modes of transportation. Most of Oxley’s developments also incorporate lifestyle features, facilities and retail elements. Since its incorporation, they have completed twenty of the twenty-nine launched property developments in Singapore. Oxley has expanded into overseas markets, successfully completing a wide range of projects for their clients. They have launched 2 mixed-residential and commercial properties in Cambodia and 1 waterfront township project in London.

Worldbridge Land (Cambodia) Co., Ltd.

Worldbridge Land DeveloperEstablished in May 2011, Worldbridge Land (Cambodia) Co., Ltd. is a real estate company that specializes in various property services like rental and sale of all kinds of property as well as professional property valuation. The company is under the Worldbridge Group and has enjoyed success together with the Cambodian property market’s increasing potential. Worldbridge Land aims to bring the local property market to new heights by introducing first-class luxury living.

Oxley International Holdings and Worldbridge Land are also working with Metro Global and CBRE Group, Inc. Metro Global specializes in asset management, procurement services, hospitality services and education as well as information technology solutions. They provide a wide range of ancillary services for service apartments, residential buildings, hotels, educational institutions, shopping centers and commercial properties. CBRE Group is an S&P 500 and Fortune 500 company. It is one of the biggest commercial real estate service companies in the world. CBRE Group has customized a delivery for The Bridge to help maximize returns.

PAYMENT SCHEDULE

  1. You have to submit a signed Reservation Agreement and copy of your passport and NRIC as well as SGD $1400. You can pay the reservation fee to Oxley International Holdings PTE LTD.
  2. You have to sign the Sales & Purchase Agreement or SPA within 14 days of reservation and pay 30 percent of purchase fee less US$1,000.
  3. Here are the progressive payments.
  • June 2017 – 10 percent
  • December 2017 – 10 percent
  1. Your balance is 50 percent payable upon the handover of the unit. Maybank Singapore also offers financing options.

Deferred Payment Schedule

  1. You are required to submit a signed Reservation Agreement and a copy of your passport and NRIC as well as pay SGD $1400. You can pay the reservation fee to Oxley International Holdings PTE LTD.
  2. You also need to sign the Sales & Purchase Agreement or SPA within 7 days of reservation and pay 30 percent of purchase cost less US$1,000.
  3. Your balance is 70 percent payable upon the handover of your selected unit. Maybank Cambodia and Maybank Singapore also offers a range of financing options.

GALLERY

PRICING

Rare FREEHOLD Phnom Penh Shops for Sale with High 6% Nett Rental Guarantee per Annum for first 5 Years and 8% Nett per annum for next 5 Years, From Only US$78K

Enjoy Confirmed 70% Nett Guaranteed Rent over 10 Years! Super Prime Location opposite Shangri-La Hotel. Low Capital Outlay & Deferred Payment.

RENTAL RETURNS

SOHO

  • You can sign up for the 6 percent definite rental return for three years by Oxley Holdings upon TOP 2018. After three years, you can choose to renew the lease for another three years at 7 percent per annum.
  • 18 percent guaranteed rental return 18% for 3 years
  • Pay 50 percent only TOP 2018
  • Deferred Payment Scheme
  • 10 percent average rental return based on today’s market data

Retail

  • Year 1 to 5 – 6% NETT PER ANNUM on purchase fee
  • Year 6 to 10 – You will get 8% NETT PER ANNUM at developer’s option upon your first renewal.
  • Year 11 – 15 – Second renewal is based on mutual agreement between the owner lease authority and developer for 15 years.
  • Resale or subsale owners are subject to the original agreement with the developer.

Metro Global will handle the general property management of the shopping mall.

It is a guarantee to those who will purchase The Bridge shop and restaurant with its excellent after-sales services.

For local and foreign investors who are looking into investing in Phnom Penh’s real estate market but are afraid of oversupply or don’t have enough leasing experience, The Bridge offers a complete solution through the services offered by Metro Global.

The developer confidence in The Bridge is also extremely strong, so they’re able to provide a rental guarantee nett scheme of 70% for 10 years.

This is most likely the longest and highest rental guarantee offered in the property market of Cambodia that other developments cannot give.

If the developer doesn’t have a strong confidence, it’s impossible for them to offer such long term and high guarantee terms.

CONCLUSION

If you want to enjoy high currency gains from US dollar and good payment schedules, you should definitely consider investing in The Bridge.

Cambodia’s tourism growth is also remarkable. With a GDP growth of 7%, it is expected that property prices in the country will increase by 7% yearly.

This means enjoying high returns in the years to come.

The mall’s location is also attractive to tourists who want to experience convenience and comfort, which is a good thing for your business.

Invest in The Bridge and enjoy these benefits!

Other Good Property Investments

Phnom Penh, Cambodia:

Ho Chi Minh City, Vietnam:

Kuala Lumpur, Malaysia:

  • Oxley Towers KLCC at Kuala Lumpur City Center next to the Petronas Twin Towers. The new iconic landmark comprising hotels, offices, apartments and retail podium.
  • The Luxe is a FREEHOLD mixed development located along Jalan Sultna Sulaiman, just next to Quill City Mall and Medan Tuanku LRT which connects The Colony with Bukit Bintang shopping malls such Lot 10 and Pavilion.

Iskandar / JB, Malaysia:

  • Suasana by UMLand next to Komtar, CIQ & upcoming MRT station. From S$2xxK

Bangkok, Thailand:

  • Life Asoke Rama 9 next to Rama 9 / Phra Ram 9 MRT station & about 600m to Makkasan ARL station. From S$1xxK
  • Ideo Mobi Asoke next to Phetchaburi station & Makkasan ARL station. From S$1xxK
  • Ideo Sukhumvit 36 about 80m from Bang Chak BTS station. From S$2XXK.
  • Elio Del Nest Thailand about 50m from Udom Suk BTS station. From S$2XXK
  • Ashton Asoke Rama 9 is a ground-breaking iconic residence in the very centre of Bangkok’s new Business District of Rama IX / Ratchadapisek, close to Asoke. From US3xxk
  • Ideo Q Victory is a condo project developed by Ananda Development. From S$6xk

Manchester, UK:

  • CituNQ Manchester Luxury Apartments at the heart of Manchester City Center, UK’s 2nd Largest City. From GBP1xxK

Address

  • City: Singapore
  • State/county: Singapore
  • Country: United States

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