HLH sells hotel component of D’Seaview in Cambodia for $15.7 mil

By
/ EdgeProp
|
March 28, 2018 1:03 AM SGT
Singapore-listed real estate company HLH Group is selling the 98-room, 10-storey hotel component of the freehold mixed-use project D’Seaview for $15.7 million. With a 105,680 sq ft site area, D’Seaview is HLH’s first development in Cambodia.
Besides the hotel, the project has 737 one-, two- and three-bedroom units and 67 commercial units. Located in the Sihanoukville province, the development is 1km from the popular Sokha Beach.
As at March 26, the commercial units are 80% sold, while the residential units are 60% sold, with buyers from Cambodia, Singapore, Malaysia, China and other nationalities, according to HLH. Completion of the commercial and residential components are slated for 2Q2018 and 1H2019, respectively.
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(Credit: HLH Group)
HLH Group also holds land rights to a 237,497 sq ft, freehold land plot adjacent to D’Seaview.