The Morakot Island development plan on Koh Puos Island is a unique luxury residential and resort project, occupying a territory of no less than 116 ha.
Morakot Island is one of the most significant luxury real estate projects in Cambodia which covers an island area of 1,6 square kilometers and is just 950 m away from the coastal city Sihanoukville, located at the tip of an elevated peninsula in the country's south-west on the Gulf of Thailand. The island is connected to the mainland by the Techo Morakot road bridge and is the only island in Cambodia that can promise its inhabitants to have a luxury private life near the innovative world.
Koh Puos (Cambodia) Investment Group, Ltd. (KPIG) intends to develop Koh Puos island into a multi-purpose destination of the highest international standards. This property is set to be the new “gold coast” for the region. Morakot Island project encompasses the construction of one 6- star luxury hotel, two 5-star luxury hotels, a VIP casino, beach club, high-end food and beverage facilities, a luxury spa and wellness center, a marina village, meeting and conference facilities, and apartments, bungalows and villas. With its newly constructed concrete bridge, the Island offers inhabitants and guests the feeling of real privacy and security in this stunning coastal city, or let them join the hustle and bustle of Sihanoukville.
Sihanoukville, also known as Kampong Som, is a coastal city in Cambodia and the capital of Sihanoukville Province. Sihanoukville's many beaches and nearby islands make it Cambodia's premier seaside resort with steadily rising numbers of national visitors and international tourists.
As a result of its economic diversity, the region's natural environment, and the recreational potential, an increasing number of seasonal and permanent foreign residents make Sihanoukville one of the most culturally varied and dynamic population centers in Cambodia. The Sihanoukville real estate market has seen large amounts of investment in recent years largely coming from China. This once sleepy town is now in the midst of a transition that will see not only its hospitality options increase significantly, but its long-term living residential real estate sector boasts as well.
Sihanoukville is home to Cambodia’s only deep-sea port (Sihanoukville Autonomous Port) and newly constructed International Airport, making the town of strategic importance for business activities especially that of Cambodia’s garment manufacturing industry which is a major driver of the country’s economy.
Alongside the port, Sihanoukville is also home to one of Cambodia’s SEZ’s or “Special Economic Zones” offering manufacturers a turnkey solution to establishing business operations in the Kingdom. SEZ’s essentially provide the infrastructure in a secure environment to house a factory with special tax incentives on offer plus facilities catering to workers and management and backup power solutions to keep business running smoothly. If you are looking to establish a business in this area then you'll certainly would like to search for a nearby place to stay.
Morakot Island comes as the best choice to gain your immersive luxury real estate property and
untouchable private life in The Kingdom of Cambodia.
For the last couple of years, the real estate market in Cambodia is booming. It is one of the best performing sectors in the country, which has contributed a lot to the country’s escalating economy. One of the premier and fastest-growing economies in Asia, the country is considered a paradise for businesses and real estate investors.
The country is under the radar of foreign investors in many sectors – including the real estate business. Global companies like Toyota, Nike, and Samsung are setting up their operations in Cambodia. There is a high potential for real estate investors in the country – as foreign investment grew about 800% in the last ten years.
From 1994 to 2016, the country’s GDP was 7.63%. Key world economists have projected that the country’s GDP will grow high between 2019 and 2022 The estimation shows 7-10% in GDP growth. The increased exports and the growing local demand drive a country’s GDP. Cambodia’s GDP is $23.82 Billion. Per Capita Income is $1,628.05. The inflation rate dropped to 1.6%. According to the World Bank report published recently, Cambodia has made significant growth in different sectors including construction, real estate, and the garment industry – which today are the primary drivers of the country’s economy.
The strategic location of the country makes it a favorable destination for foreign investors. Booming economic countries like Thailand and Vietnam share land and sea borders with Cambodia. The country is also closed to two of the world’s largest and fastest-growing economies – China and India.
The Cambodian government has upgraded all key road links and bridges with neighboring countries. The rehabilitation of the road system and the rail system has also been done. The government is collaborating with the country’s key strategic partners like China to modernize and expand the container seaport in Sihanoukville.
A recent report published by Bloomberg shows that China’s interest in Cambodia has brought over 200 investors from China and hundreds of large real estate companies from other parts of the world are investing in the Cambodia property market. In 2018, Chinese companies invested over 7 billion dollars in new projects – including a highway that will connect Cambodia’s capital city Phnom Penh to Sihanoukville.
Last but not least, Cambodia’s property market will continue to grow in the coming years with more and more investors coming to make great profits. After all, we all strive for a higher living standard when staying in Asia for operating a business or just having a wonderful lifetime.