Japanese developers plan Kirirom membership resort

Nov 11th at 10:37
11-11-2016 10:37:55+07:00

Japanese developers plan Kirirom membership resort

Japanese development firm A2A Town Cambodia will invest about $2 million into a membership resort, located on top of Kirirom mountain.

Takeshi Izuka, president of the development firm, said the resort requires customers to register in order to buy the resort units at an upfront price of $20,000 for a membership status of 45 years. On top of this, a $400 per annum maintenance fee is required, amounting to a grand maintenance sum of $18,000 over the 45-year period.

According to Izuka, exclusive membership-based services are not available in Cambodia, but are rampant and very popular in Japan and the United States.

Izuka said the resort will resemble a five-star hotel, equipped with modern facilities. The location will be a unique selling point, given its quiet and prime setting on the highest point of Preah Kosomak Kirirom National Park.

“I see some well-off Cambodians who don’t want to live in a crowded place or a place that combines the upper-class and the lower-class together in the same compound,” Izuka said.

“Hence, I invested in the resort in response to those who would like to relax and get private services. My vision for this project is for everyone who comes here to feel joy and consider this their second home.”

Sales and purchasing of memberships for the project will begin at the end of this year, with construction tipped to start in early 2017.

The first phase will include 18 rooms, with each building being three storeys high.

The project is scheduled to finish a rapid one year after construction begins, and members will be able to move in shortly after.

“If the project gets support from many Cambodians, I will expand it and construct a more expensive project in the next phase,” Izuka said.

He added, “We will first build model houses for the customers. If they are unhappy, the company will create more designs according to their preference.”

While the resort is geared mostly towards Cambodians, Izuka said expats are also able to register for a unit.

“They can transfer the ownership of the unit to other people or back to the company when they return to their country,” he said.

Ho Vandy, secretary-general of the Cambodian National Tourism Alliance, said this is a new service where members can stay at the place at a special price, albeit he could not confirm how many local and international customers the developers are aiming to attract.

Tourism Minister Thong Khon said the project had qualities of being an eco-friendly development, which he believes is opportune because ecotourism is gaining traction among a lot of international tourists.

“I fully support this project. I think it’s fantastic because this developer is protecting the environment, and he’s doing what it takes to not cut down trees,” Khon said.

A2A Town Cambodia has already established a number of property developments in Cambodia, including the vKirirom Pine Resort in Kirirom National Park.

phnompenh post



NEWS SAME CATEGORY

Provinces show promise for local investors to develop housing projects

Domestic investors have expressed optimism for projects being built in Cambodia’s provinces, which have a high demand for suitable housing.

Ministry, investors discuss future of the White Building and its residents

At the Ministry of Land Mangement, Urban Planning and Construction (MLMUPC) on Tuesday, a meeting – the second of its kind – conducted in the aims of reaching a...

Temporary fun park to open at Sothearos construction site

Lucky Fun Park, located on Sothearos Boulevard, will hold its grand opening this Friday.

Architect company envisions future Phnom Penh as a metropolitan city

Phnom Penh has been showing much promise as a capital city bent on reaching the modernised ranks of its regional counterparts.

Ministry of Environment issues island protection decree

A new decree has been issued by the Ministry of Environment in regards to the protection and preservation of nature within the Kingdom.

Development on Royal Group land being erected at top speed

Not long after having fenced off a large plot of land along Sothearos Boulevard, just behind Rose Condo, a still-in-progress construction of a six-storey building...

Sorya makeover unveiling set for Q1 of next year

Spurred on by stiffer competition in Phnom Penh’s retail space, Sorya Shopping Center’s $5 million facelift will conclude in the first quarter of 2017, the result...

Make space for the future of showrooms

Prestigious real estate developers invest millions of dollars in showrooms that are supposed to convince property investors and buyers of the quality of off-plan...

Telecommunications ministry moves into new, French-styled dwelling

Adjacent to the southern side of the City Hall is a spanking new French-styled building reminiscent of the French colonial era. After two years, the new Ministry of...

Property tax deadline extended once more

The General Department of Taxation (GDT) announced yesterday that it had extended the deadline for property tax payment to November 30 in order to give a few...


MOST READ


Back To Top