SeaGate Suite: Award-Winning Premier Beach Condo in Sihanoukville

This luxury sea-view 1-bedroom condo unit is available for sale at SeaGate Suite luxury condominium complex which is located between Queenco Casino & Hotel and Prince Tian Xi Wan high-end condominium development area in Sangkat 3, Sihanoukville. It is a prime location at a white sand beach called Queenco Beach (a.k.a. Mlob Chrey Beach). It offers a white-sand-beach view and views of Koh Puos (Snake Island) and the bridge.

Unit size: 47.72 sqm gross size.
Unit size: 37.81 sqm net size.
Unit type: 1 bedroom, 1 bathroom, 1 living room, kitchen, balcony
Views: sea view, beach view, island view, bridge view

Price: $95,700 ($2000/sqm) without GRR

Ownership Document: Strata Title (foreigner freehold).
Competition: December 2021 (almost completed as of May 2021).
GRR Rate: 8% per year, up to a total of 16% for 2 years.

SeaGate Suite condominium project will include 45 floors with an outstanding view of Mlop Chrey Beach (a.k.a. Queenco Beach, Victory Beach), with a 100,000 sqm of high-end commercial complex, 24h security service, and team, and international property management service. In total, the project will have 1,118 units on 45 floors. Studio rooms range from 31.21 square meters to 70.12 square meters. 1-bedroom units are offered anywhere from 37.5 square meters to 88.62 square meters. Meanwhile, 2-bedroom units start from 63 sqm.

The aesthetic appeal of Seagate Suite offers unique designs inspired by famous art movements Northern European luxury design, Baroque, Neo Classism, New Orientalism, Minimalism, as well as South East Asia interpretation of the interior design of the living space. Seagate Suite reflects the taste of international elite audiences.

Full furniture, high-quality appliances, water, salty water, seaside climate-proof paints (7 years resistance), coatings, and furniture. Each unit 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, a water heating system, a lighting system, and a smart door key.

This new development guarantees 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. The project guarantees to absorb the 10% on sales tax in case the buyer resells the unit.

The management service fee will also include the usage of services like 24h 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.

SeaGate Suite project reserved the first 15 floors for a high-end 5-star hotel apartment brands. They will run a hotel apartment and Airbnb concept business.

3x Cambodia Property Guru Awards in 2018: SeaGate Suite won 3 awards in 2018:

1. Highly Commended Best Mixed-Use Development
2. Highly Commended Best Retail Development
3. Winner Best Residential Development Sihanoukville

Seagate Suite offers a 700 sqm infinity swimming pool, multiple sky garden, and terraces, a professional gym, SPA Center, entertainment area, club, bar, pub, restaurant, Karaoke, BUSINESS CENTRE AND MULTI-FUNCTIONAL CONFERENCE ROOM Enterprise Clubhouse, Coffee Shop, Recreation Center, Food Court, and Training Center, SECURITY SYSTEM with no blind spot CCTV systems with dedicated staff, 24-hour real-time response guards and 360-degree panoramic camera, perimeter monitoring, monitoring of the surrounding area, and the garages.

In terms of investment, The SeaGate Suite comes at a lower investment capital, compared to other sea-view similar quality projects. It also has a gaining payment term where buyers or investors get interest rates 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 returns that range from 10% to 12% because of the increase in international businesses and ex-pats.