New opportunities for timeshare in Southeast Asia are near, as the nation of Cambodia plans to embrace the industry. Plans for two new luxury resorts in Cambodia have been finalized as their construction draws nearer, with developers searching for ways to bring in long-term real estate investment. With both a seaside and a mountaintop resort totaling more than $30 million in value being planned, avid Southeast Asia travelers will have another resource at their disposal to enjoy a future of vacations to the region.
About the New Cambodia Resorts
Construction for the new resorts is expected to begin in 2018, with doors opening by the end of that year. The largest of the new resorts is The Scarlet, a 200-unit tower of condos planned for the popular coastal destination of Sihanoukville. At a cost of $30 million, the tower won’t be cheap, but is expected to drive revenue through both vacation ownership and real estate. The Scarlet offers a dynamic ownership style—people can either buy condo units outright for anywhere from $100,000 to $500,000, or they can purchase a vacation ownership club membership with the resort for between $8,000 and $40,000. Buying a timeshare at The Scarlet will entitle vacationers to two weeks per year at the location, which will also include on-site amenities like a pool, a gym, and a club lounge.
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