The Seagate Suite

Sihanoukville has become a popular haven for developers looking to build quality projects without attaching too high of a price tag. The area has even been dubbed as the next boom town of Cambodia. And one of the companies seizing this golden opportunity is the KHCN Investment & Development Co. – developers of the up and coming The Seagate Suite. The Seagate Suite is located at a future CBD area. It is a mixed-use development that’s the first and only building at Victory Beach that has a sea and city view. And due to its location, it also allows the gentle breeze of the tropical province to enter each unit. In total, the project will have 1,118 units across 45 Stories. Studio rooms range from 31.21 square meters to 70.12 square meters. 1-bedroom units span anywhere from 60.15 square meters to 88.62 square meters. Meanwhile, 2-bedroom units measure 113 square meters. The Seagate Suite has opened for sale from the 16th floor and upward and it starts with the price at $ 70,000 per unit. This new development guarantees on rental returns up to 16 percent over two years (or 8 percent per year). All the valued buyers will not need to spend on furniture when they move in because the full set of furniture is included. In addition,in case of reselling out unit, the project guarantees to absorb the 10% on sales tax. Buyers will be able to choose between 6 different and distinct designs. These include Northern European, Minimalist, Southeastern, Luxurious Baroque, New Oriental, and Neoclassic. TheNorthern European, however, has a free design and comes fully-furnished. Each unit also comes with a new piece of technology, the Smart Home System Operation that operates with APP. Each unit is a smart home, with air-conditioning, sockets, a TV, music, security cameras, a key, water heating system, a lighting system, and a door key. In terms of amenities, The Seagate Suite has a couple of amenities for residents and visitors such as the 700-square-meters infinity pool, a private meeting hall, a shopping center, a market, a fully-equipped gym, a steam room, a spa, a sauna, restaurants, a business center, a multi-functional conference room, a rooftop tarmac, a banquet hall, a luxury casino, a cinema, ktv, a bar, an art gallery, and a helipad on the roof. The management service fee will also include the usage of services like the 24/7 security, reception, common area cleaning, and common area gardening. The building also has built-in security features such as smoke detectors, sprinklers, fire extinguishers, hose reels, and an emergency sound alarm. In terms of investment, The Seagate Suite comes at a lower investment capital, compared to other sea-view projects. It also has a gaining payment term where buyers or investors get interest rate while paying. It also has a high capital gain which is expected to be anywhere from 35% to 45% after a year of its completion. It also purports to have high rental yield that range from 10% to 12% because of the increase in international businesses and expats. So, if you’re looking for an all-around luxurious investment on an area with high potential, The Seagate Suite is definitely worth looking into. For E-Brochure please click on this link: https://www.fazwaz.ae