Song Saa Collective set to open new resort

Oct 17th at 09:17
17-10-2018 09:17:57+07:00

Song Saa Collective set to open new resort

The company behind the Song Saa Island investment has announced another $250 million vacation resort project in Siem Reap, to take advantage of the tourism growth in the historical site.

The ecotourism development project, named Song Saa Reserve, announced it was looking for an investment partnership yesterday, expecting it will become the largest eco-tourism resort in Cambodia in the next three to five years.

The project, which is more than 1km from Banteay Srei temple and more than 19km from Kulen Mountain, will be built on 125ha, with 35ha of natural lakes.

It will include hotels, villas and other facilities related to the hospitality sector, said a company announcement.

Rory Hunter, CEO and co-founder of the Song Saa Collective in Preah Sihanouk province, said: “Since I arrived in Cambodia in 2005, I felt a deep sense of commitment to developing the country in a way that’s inclusive and aligns all stakeholder interests,” he said.

This is the second project initiated by Hunter after successfully developing the Song Saa Private Island Resort in Sihanoukville.

CBRE Cambodia director Sothida Ann, who is an exclusive sales agent for the project, said her company would launch marketing campaigns in Hong Kong, Shanghai and Singapore.

“So far, about two to three foreign hospitality investment firms are interested in this project,” she said.

Cambodia Association of Travel Agents president Chhay Sivlin said the increase of tourist arrivals has made the country face a shortage of tourism products, especially in remote areas.

She said the project will contribute to the tourism sector in the Banteay Srei temple.

“I support the project. It will provide accommodation for guests and benefit the local people,” she said.

Data from the Ministry of Tourism says in the eight months of this year, Cambodia received 3.9 million international tourists – up 11.7 per cent from the same period last year.

Siem Reap alone received nearly 2.5 million foreign tourists last year – up 11.4 per cent from 2016.

phnompenh post



NEWS SAME CATEGORY

Real estate growth to slow in next five years, IMF predicts

The International Monetary Fund (IMF) has predicted that growth in the Kingdom’s real estate sector will slow in the next five years.

Development projects, land sales registration move gets thumbs-up

Cambodian property insiders have welcomed a new measure that reinforces the government’s requirement that all commercial land sales and development projects must be...

Sihanoukville to get Chinese tourist mall

Furi Real Estate announced a $10 million joint venture with an unnamed company from Macau to develop the first commercial shopping centre in Sihanoukville, a...

Home building sector booming

Home building is booming in the Kingdom, with the affordable housing sector showing great momentum in suburban areas, as recent data indicates.

Home building sector booming

Home building is booming in the Kingdom, with the affordable housing sector showing great momentum in suburban areas, as recent data indicates.

Koh Kong ‘Vacation Town’ to cost $1.2B

Union Development Group (UDG), the Chinese developer behind Koh Kong province’s $3.8 billion tourism project called Dara Sakor, has unveiled plans for yet another...

Construction boom makes Kingdom top VN steel buyer

Growth in the Kingdom’s construction sector has led to Cambodia becoming the largest importer of Vietnamese steel, taking in nearly 40 per cent of what the...

Hun Sen calls on officials to update property tax scheme

Caretaker Prime Minister Hun Sen on Wednesday called on officials from the Ministry of Economy and Finance to re-examine the duties on property transfers, saying...

CDC gives $68M hotel project nod for Poipet

The Council for the Development of Cambodia (CDC) has approved a more than $68 million hotel project in Poipet town, it said on Friday.

China skyscraper with huge waterfall receives a torrent of ridicule

A skyscraper in southwest China that boasts what its owner calls the world’s largest man-made waterfall has become the latest example of over-the-top architecture...


MOST READ


Back To Top