LET’S REIMAGINE REAL ESTATE
“I go to nature to be soothed and healed, and to have my senses put in order.” John Burroughs
AN EXTRAORDINARY LOCATION FOR AN EXTRAORDINARY OPPORTUNITY
AN OPPORTUNITY TO ENJOY STABLE YET ATTRACTIVE YIELDS AT THE HEART OF A PROMISING EPICENTRE FOR ECONOMIC GROWTH.
CONTEMPORARY COASTAL APPEAL
Artist’s Impression
r+ Ream is a part of the Crystalville development, comprising exclusive villas and all manner of lifestyle amenities in an exceptional beachfront location amidst serene mangroves.
CAMBODIA HAS SEEN STABLE GROWTH OVER THE LAST 10 YEARS, ATTRACTING INVESTORS GLOBALLY.
CAMBODIA: STABILITY AND GROWTH
According to analysts, Cambodia remains one of the best places in Southeast Asia for in real estate, despite the current market slowdown. It is widely regarded as a frontier market backed by steady economic development. Price reductions owing to the current COVID-19 pandemic are seen as attractive opportunities in light of the market’s strong growth potential. [1] The country’s GDP has grown by over 6% annually on average in the last two decades to 2019, making it one of the six fastest growing economies of the world. Post-Covid, a 5.7% rebound is expected for 2021. [2] The country has numerous locales with untapped potential for the hospitality market.
Average Historical and Forecast GDP Growth (2009 - 2021f)
8% 6% 4% 2% 0% -2% -4% -6%
Cambodia
Indonesia
Lao PDR
Average GDP Growth % 2009 - 2019
Myanmar 2020(F)
Philippines 2021(F)
Thailand
Vietnam Source: World Bank, 2020
[1] https://beyondrealty.asia/phnom-penh-real-estate-market-in-2021 [2] https://www.adb.org/news/cambodias-economic-growth-slow-2020-reboundexpected-2021-adb
SIHANOUKVILLE: CAMBODIA’S ONLY COASTAL TOWN
Sihanoukville saw pre-pandemic arrivals of almost 850,000 domestic tourists and about 330,000 foreign visitors in the first five months of 2019. The prospects for the city’s tourism market remains favourable due to the short travel distance from Mainland China and improving connectivity. [3] The city has seen brisk growth owing to an influx of Chinese investments in the last few years. The province is part of the One Belt One Road project initiated by China as well as being a key component of the Greater Mekong Subregion Southern Economic Corridor. This has led to the development of infrastructure including roads, bridges, and ports [4], such as the expressway connecting Sihanoukville and Phnom Penh, cutting travel time between the two cities to just 90 minutes. [5]
Cambodia economy 10 years of rapid progress
2010 2019 %change
GDP per capita
785.5
Population
(USD)
(MILLIONS)
International Tourist Arrivals
1,643.1 109%
14.3 16.5 15% 2.5
6.6
164%
(MILLIONS)
International Tourism Receipts (US BILLIONS)
1.8 4.9 172%
Urban Population
2.9 3.9 34%
(MILLIONS)
Urbanisation Rate
3.5%
3.2%
-9%
Exports of goods & services (US BILLIONS)
6.1
16.5
170%
Imports of goods services (US BILLIONS)
6.7
16.9
152%
FDI net inflows
1.4
3.7
164%
17.2%
7.97%
-54%
(US BILLIONS)
Average interest rate on USD LOANS
Source: World Bank, Ministry of Tourism, National Bank of Cambodia, H1 2020
[3] https://images.cbre.com.kh/2020/09/Sihanoukville-Poised-for-GrowthMarket-Report-August-2020.pdf [4] https://ips-cambodia.com/cambodia-investment-guide/ [5] https://images.cbre.com.kh/2020/09/Sihanoukville-Poised-for-GrowthMarket-Report-August-2020.pdf
r+ REAM AT CRYSTALVILLE: PERFECTLY LOCATED
r+ Ream is located within Crystalville, which comprises 43ha of integrated residential and lifestyle facilities at the heart of Cambodia’s premier seaside town. Natural attractions include coastal mangroves, tropical beaches and the Ream National Park, a reserve that boasts ample hiking routes. The destination is located close to Sihanouk International Airport and a short transit by car from Phnom Penh. The recent completion of a thoroughfare directly linking the Sihanoukville city centre to the Airport has improved accessibility, especially for travellers.
Sihanoukville Autonomous Port
SSEZ
Ream City
r+ REAM AT CRYSTALVILLE: AT THE HEART OF GROWTH
Ream City Crystalville is situated opposite the upcoming 834ha Ream City, a US$16 billion township development set to transform Sihanoukville with the potential to house up to 130,000 residents. Singapore’s Surbana Jurong is taking on the masterplan, urban design and coastal engineering works for this mega development. Sihanouk Special Economic Zone Sihanoukville’s economy will also benefit from the expansion of the Sihanouk Special Economic Zones (SSEZ). Established in 2008, the 1,113ha SSEZ is situated about 12km from the Sihanoukville Autonomous Port within Sihanouk province. The city’s deep-sea port also plays a significant role in strengthening the economy. With the economic incentives provided for the SSEZs and the ongoing sea-port upgrade, Sihanoukville is set to attract more quality investment. Both Sihanouk International Airport and the SSEZ are in close proximity to Crystalville even nearer than the city centre and port area.
CRYSTALVILLE MASTERPLAN CRADLED IN NATURE
Set amidst the natural beauty of expansive white sandy beaches and a verdant nature reserve, Crystalville affords all the appeal of coastal living with no compromise on mod-cons and amenities. A shopping mall and convention center support and entertain residents and guests with retail choices and restaurants. A water theme park and integrated resort with a marina complete the destination. The hotels and serviced residences surround the manmade Lagoon, which forms a focal point of the masterplan. Beach villas dot the coastline, offering an elevated living environment, while mangrove villas are set amidst verdant landscaping, blurring the indoor-outdoor boundary to bring residents closer to nature. Ream National Park This park offers 210 sq km of protected ecosystems covering terrestrial and marine habitats. Wildlife abounds, including species of turtles, mousedeer, dolphins, dugongs, rhesus monkeys and many more flora and fauna, some endangered. Visitors can book tours and go trekking to experience its unspoiled natural charms.
RISING FROM THE FOLIAGE...
Artist’s Impression
Artist’s Impression
The resort features studios and suites in a low-rise accommodation block, respecting the mangrove treeline and blending in with the environment. The building sits lightly on the wetland, allowing wildlife to flourish all around it.
...AMIDST TROPICAL GREENERY
Artist’s Impression
Artist’s Impression
Stepping out of their rooms, guests are immediately immersed amidst the mangroves, and can enjoy leisurely strolls on the elevated boardwalks, taking in the lush flora and fauna at any time of the day.
GULF OF THAILAND N
0m
50m
100m
200m
A MANGROVE FOREST RETREAT
r+ Ream comprises a total of just over 50 keys, with luxury modular accommodation options elevated amongst the natural mangroves. The resort’s light-footed design approach requires a minimal number of piles, ensuring little disturbance of the natural environment. The porous design language, a signature of r+ destinations, translates into ample deck spaces, allowing guests to get up close with the mangrove trees, experiencing the benefits of foliage immersion or “forest bathing”.
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OVERVIEW LEVEL 1
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3
2
5
4
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5
3
1. TYPE A 2. TYPE B 3. TYPE D 4. TYPE E 5. MANGROVE DECK 6. WALKWAY
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5m
10m
1. TYPE A 2. TYPE B 3. TYPE D 4. DECK 5. WALKWAY
N 0m
5m
10m
OVERVIEW LEVEL 2
Artist’s Impression
Artist’s Impression
TRANSFORMING REAL ESTATE INTO REAL LIVING
R+ Pte. Ltd. 24 Raffles Place #15-00 Clifford Centre Singapore 048621 T +65 8668 5008 www.rplus.asia rplusasia