Monday, 14 February 2011

Show villa complete at Song Saa Private Island

via CAAI

Monday, 14 February 2011

Song Saa Private Island, Cambodia’s first luxury private island resort has recently completed the first mock-up villa.

“We are pleased to see the project’s steady progress. The completion of the first one-bedroom jungle villa marks a key milestone for Song Saa and illustrates the quality of development that we aim to achieve at the resort.” said Mr. Rory Hunter, CEO of Brocon, the Australian-owned company behind the development.

The upmarket resort is being built on Koh Ouen and Koh Bong in Cambodia’s pristine Koh Rong Archipelago. Upon completion, the resort will feature 25 rainforest, beach and over-water villas, each featuring a private pool. Adopting a ‘Rustic Chic’ design, the resort is inspired by Cambodian fishing villages with features such as over-water buildings, thatch roofs, use of rough-hewn natural timbers and drift wood, while offering the amenities and services one would expect from a five-star resort.

At the heart of the resort will be an over-water restaurant and lounge, positioned just off the island’s shoreline and surrounded by ocean. Other resort facilities include an infinity edged pool, gym, spa & wellness centre, yoga & meditation centre and a beachside water sports centre offering a range of activities such as sailing, diving, kayaking and snorkelling.

The resort commenced construction in March 2010 and is now well underway and on schedule to welcome guests in November 2011. The second show villa will also be completed by mid-February.

The first phase of villas was launched for sale through sole agent CB Richard Ellis in late 2009 and sold out within two months to a diverse mix of global investors spanning from Japan, Norway, UK and France. Following the success, the subsequent phase of one-bedroom over-water villas was launched in October 2010.

The villas offer a unique opportunity to acquire a special piece of real estate that is rarely offered elsewhere in the region. “While over-water villas are commonly seen in the Maldives, Song Saa is the first and only development at present to offer over-water villas for private ownership in Southeast Asia” said Rory.

The villas are also backed by an attractive investment proposition which offer investors an 8% guaranteed yield for five years - a superior rate in the region. The second phase of over-water villas has received strong interest from investors in Hong Kong, Singapore, China, and the UK, with one sale now concluded, leaving only five-over-water villas remaining for sale.

“The quality of the completed show villa at Song Saa is unmatched by other product seen to date on Cambodia’s coastline and the development offers an opportunity for investors to get in early at the start of the development cycle.” said Mr. David Simister, Chairman, CB Richard Ellis Indochina.

Development on Cambodia’s coastline has been limited to date and tourism in Cambodia has been largely centred on Angkor Wat and Siem Reap. However, with regular airlift from Siem Reap and Phnom Penh to Sihanoukville scheduled to begin in March, this will be a major catalyst for growth in Sihanoukville and Cambodia’s south coast tourism. Song Saa is accessible by a 20-minute boat ride from the Sihanoukville port.

Alternatively, the resort can also be directly accessed by a one hour sea plane flight from Siem Reap. Brocon has recently finalised a deal with a sea plane operator to operate two daily flights to and from the island, making the resort extremely accessible for owners and hotel guests who can enjoy an extended beach holiday following their visit to Siem Reap.

With the resort scheduled for a November opening, a highly experienced team has been put into place to oversee the management of Song Saa Private Island. Heading the team is Jean-Paul Riby, the resort’s General Manager who is a specialist in small, remote luxury resorts with over 15 years of experience.

Even prior to the resort opening, Song Saa Private Island has already been selected as “The Hottest New Trips for 2011” by the Financial Times, “Stylish, chic, and sexy: this year's best new places to stay” by the Times and “2011 Where to go, what to do” by The Independent.

A limited number of over-water villas remain for sale through sole agent CB Richard Ellis.

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