Logo of Phnom Penh Post newspaper Phnom Penh Post - Forest Harmony’s $18M luxury villas break ground in Kampot

Forest Harmony’s $18M luxury villas break ground in Kampot

Content image - Phnom Penh Post
Local and French joint-venture Forest Harmony has broken ground on its $18 million ‘second-home’ Luxury Holiday Villas project in Kampot province, comprising 90 villa units on an 18ha parcel near Kampot town. Forest Harmony via facebook

Forest Harmony’s $18M luxury villas break ground in Kampot

Local and French joint-venture Forest Harmony has broken ground on its $18 million “second-home” Luxury Holiday Villas project in Kampot province.

Century 21 Mekong CEO and local shareholder of the project Chrek Soknim told The Post that the project will comprise 90 villa units covering 18ha on a 97ha parcel of land which is located near Kampot town.

He said Kampot province has a reputation as a natural tourism destination and second coastal tourism destination after Preah Sihanouk province.

The project targets both local and foreign tourists who wish to have their own property in the province to relaxing over a weekend or holiday, he said.

“We opened for sale on Saturday, which was the same day we started construction. As of now, more than 10 per cent [of the project] has been booked – this is a very positive sign.

“Cambodians have seen an increase in their incomes and are spending a lot more on holidays in many places around the country, so it is the right time for us to start our first second-home project in Kampot, which is very famous among local and foreign tourists,” Soknim said.

He said each villa will be laid over an area of 24m by 30m and designed in a European style. The project will also contain parks, restaurants, football and tennis courts and other entertainment facilities.

He said the project will be completed within two years and in line with the government’s plans to develop the province to be more attractive to tourists.

Kampot provincial Department of Tourism director Soy Sinol said the project follows the tourism development policy in promoting second homes for retired people and for locals seeking to go on holiday.

The project “will greatly contribute to the attraction of the tourism sector in my province”, he said.

Cambodia is an expatriate hotspot for those dreaming of living a more luxurious lifestyle at an affordable cost, International Living’s Annual Global Retirement Index 2019 report said in February.

For the fourth year in a row, Cambodia took the top spot in the Cost of Living category. The report detailed the best places for foreign retirees to live this year and scored the country full marks of 100 out of 100 for the cost of living.

Vietnam ranked second with 99 points, and Thailand third on 94 points. Peru and Bolivia were tied for fourth to complete the top five. The Annual Global Retirement Index ranks the 25 best retirement havens in the world.

Cambodia ranked 12th overall in the list of best retirement destinations, scoring overall points of 81.2. Thailand was placed ninth on 83.5, with Vietnam 19th on 79.4. Panama in Central America topped the list, scoring 100.

MOST VIEWED

  • Investors’ $14.4M projects approved

    New investments from local and foreign sources continue to pour into Cambodia despite the Covid-19 pandemic remaining a lingering threat to regional and global economies. This comes as the Kingdom’s gross domestic product (GDP) is expected to contract between one and 2.9 per cent this

  • NagaWorld casinos set to reopen, schools to follow

    NAGACORP Ltd has requested that it be allowed to reopen its NagaWorld integrated resorts in Phnom Penh after the government recently approved casinos to operate again, provided they follow Covid-19 prevention measures set by the Ministry of Health. Mey Vann, the director-general of the Ministry

  • Rubber exports stretch 17%

    Cambodia exported 97,175 tonnes of natural rubber in the first five months of this year, surging 17 per cent compared to the same period last year as the Covid-19 pandemic stretches on, Ministry of Agriculture, Forestry and Fisheries official Khuong Phalla told The Post on Thursday. Phalla,

  • ASEM supports Kingdom’s proposal to postpone meeting amid Covid

    The 13th Asia-Europe Meeting (ASEM13) scheduled to be held in Cambodia in November has been postponed until mid-2021 due to the Covid-19 pandemic, a Ministry of Foreign Affairs and International Cooperation press statement released on Saturday said. The decision was made during a two-day meeting

  • Coffee maker roasted for producing fake product

    The Ministry of Interior’s Counter Counterfeit Committee will send a suspect to court on Monday after she allegedly roasted coffee mixed with soybeans and other ingredients, creating a product which could pose a high risk to consumers’ health. On the afternoon of July 2, the

  • Cash handout programme 80% complete

    Minister of Social Affairs, Veterans and Youth Rehabilitation Vong Soth confirmed on Thursday that the implementation of the Cash Transfer Programme For Poor and Vulnerable Households During Covid-19 had been implemented for more than 80% of the over 560,000 families. The programme was introduced one week ago.

  • Cambodia armed with money laundering laws

    Money laundering will now carry a penalty of up to five years in prison while those convicted of financing terrorists will be jailed for up to 20 years, according to new laws promulgated by King Norodom Sihamoni and seen by The Post on Thursday. Comprising nine

  • Where is Cambodia’s exit strategy that can save the economy?

    With the prospect of being slammed by a double whammy, the government is working on an economic recovery plan to deliver it from Covid-19 and the EU’s partial withdrawal of the Everything But Arms scheme in the next two to three years Cambodia is

  • Schools to be reopened in ‘three stages’

    With guidance from Prime Minister Hun Sen, the Ministry of Education, Youth and Sport, is in the process of reopening schools in three stages. But no timeline has been set, ministry spokesperson Ros Soveacha said on Thursday. Soveacha said the first stage will be to

  • Kingdom, UN discuss rights

    A year after Cambodia received 198 recommendations from UN member countries, the UN Office of the High Commissioner for Human Rights (OHCHR-Cambodia) met with the Cambodia Human Rights Committee (CHRC) to discuss following-up on the Kingdom’s third cycle of the Universal Periodic Review (UPR) and