Capital ideas for developers
Influx of foreign business in Cambodia has developers thinking about serviced apartments.
- Published: 28 Jan 2013 at 10.22
- Newspaper section: Asia focus
Peering out over the Tonle Sap River in Phnom Penh from a sixteenth-storey private balcony at the new Bellevue Apartments, one could watch for hours as cranes swing back in forth over all the new developments on the west side of the water.
With only about 50 or so buildings that reach 10 stories, the cityscape is still quite flat but here — from what feels like the top of the city — the view is fantastic.
Having its grand opening last month, inside is no less luxurious, an apartment full of plush leather furniture, beautiful wooden floors, a large flat-screen television, huge closet space and the all-important new apartment smell. For the price of rent, tenants even get access to a swimming pool, gym and housekeeping.
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