Cambodia is well known for its historical heritage and culture, dotted with royal nobility evident in its architecture throughout the cities landscape with royal palaces to 13th century places of worship, undoubtedly this ASEAN country is revered for its hospitality and humble offerings.
Poised to be the next frontier, the rise of ASEAN countries has lifted the profile of Cambodia flanked by Vietnam and Thailand, the nation of 17 million has gotten the attention of foreign investors as the next growth nucleus, and things are about to change dramatically.
Phnom Penh being the capital of Cambodia is undergoing a transformation unlike any other, so much so that it looks like its bursting at the seams. Modern all glass skyscrapers are rising in between old colonial housing blocks, traffic snarls are throughout the day all signs that development is trying to catch up with population growth.
Perhaps these are among the key reasons for Singapore based boutique property developer, Sir Stamford Raffles Group (SSRG) to embark on an ambitious journey in turning a part of the outer city of Phnom Penh into a luxurious resort style living that is about to change the landscape of Cambodia.
Founders or should we say pioneers, Ng Aung San and Phebe Len are turning a 22 hectare prime real estate just 45 minutes from the city centre into an oasis of high end residences accompanied by commercial, a cancer research centre and international school amidst lush greenery and world class designed architectural abodes. The location known as the Kandal area is further boosted by the upcoming Techo Takmao International Airport, set to commence operations in 2025 and two highways that is set to cut traveling time from the main city.
Speaking to regional media during an MOU signing, Aung San said the Marum Residence stands as a beacon of tranquility and elegance, featuring 720 homes and 181 shophouses, this architectural icon is conceived by some of the world’s foremost architects in luxury hospitality design globally- SCSY Studio, Burega Farnell and Bloom Architecture. The surrounding are is another splendour that cradles the estate, Marum is nestled adjacent to the serene Tonle Bati Lake enveloped by lush greenery, and set against the majestic backdrop of Tamao Mountain, giving the community serenity both indoors and outdoors.
5 Key Features For The Integrated Township
Understanding the demand of modern day communal living with well-being being a priority, the developers have roped in state of the art cancer and research specialist Parkway Cancer Centre Singapore to collaborate with local medical operator Khema to introduce a new era in medical excellence not only in Phnom Penh but for Cambodia. SSRG says it will built the facility while the experts run the operations.
The group added that the healthcare portion of Marum Estate is committed to wellness and advanced medical care, featuring the construction of a state-of-the-art hospital within the estate. The facility is designed to offer specialised care in critical areas such as oncology, general surgery, obstetrics and gynecology and other essential medical services.
Another aspect of the estate is education, an essential factor that can motivate a buyer the young new generation of Cambodians who are looking for a landed property that can support their extended family. Partnering Methodist School of Cambodia, SSRG looks to offer education at a proposed campus capable of accommodating 750 students from kindergarten to a full primary education.
The estates itself has various residential styles offering exceptional community living with four distinctive residences: Reserve, Sanctuary, Orchard, and Greenwood. Where each residence is characterised by quintessential features that define its unique character with spacious interiors, where thoughtful and inspiring design permeates every corner as elaborated by Phebe Len who personally identified the design elements for each phase.
Incorporating into the estate, SSRG ensured commercial elements are prevalent with the establishment of Marum Square, a sophisticated commercial hub with its double frontage shop fronts that will deliver to residences dining and culinary scene, boutique shops, cultural venues, and lush green spaces within a distinctive heritage architecture inspired by tropical modernism.
With phase 1 already under way with pre booking, both Aung San and Phebe are already talking about the potential development of phase 2. Where larger homes will we built to cater to individuals who require space for a multi-generational stay like their older parents or grand parents. These will include enhanced healthcare facilities like on-site primary care clinics, a wide range of health insurance options, and round-the-clock emergency support.
While the majority of the units are slated for local residents, SSRG has stated that limited units within the teens have been earmarked for foreign investors. Potential foreign buyers would be pleased to know owning any of the freehold residential properties at Marum Estate ranges from US$300k to US$1 million and comes from the back of a transparent, pro business environment where property ownership is fully supported by SSRG through the establishment of trusts.
