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Posted: 16 Dec 2009 | 7:23 am
The allure of private islands remains one of those sought after properties and now Cambodia's Song Saa Island is offering property opportunities in this exciting new market. The development has 14 one and two bedroom units with pricing starting from US$200,000 (approximately THB 6.7 million). There is a guaranteed yield of 10% for the first 3 years.
CBRE is handling sales and marketing, with a product launch tonight at Twinpalms Catch Beach Club. There remains a buzz on beachfront and island property in southern Cambodia so expectations are to see property offerings very soon.
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Bill Barnett responds:
Its got a long long way to go, but its a positive thing seeing these new destinations evolve. It's doubtful to be the next Phuket but that might be a good, bad and otherwise issue.