New Nordic Sunshine

New Nordic Sunshine Hotel & Resort - is New Nordic's first project in Cambodia!

Cambodia - and Sihanoukville in particular - is a great place either to live or visit on holiday. The Khmer people are among the friendliest you will ever meet: genuine, helpful and always happy.

Their beaches are amazing and whether you choose to set off on a bike with a towel and a picnic basket to find your own special spot, or prefer the convenience of a sun lounger, an umbrella and a nearby restaurant and bar, there are so many enjoyable ways to spend the daylight hours. After dark, the city is just as good!

Located between the Gulf of Siam and the National Park of Reme, Sihanoukville has everything to become one of the next top tourist destinations in Southeast Asia.
Constantly growing infrastructure and tourist flow do not leave any doubts about the profitability of investing now!

The first New Nordic project in Sihanoukville will be located next to the beach of Ochheuteal Beach (550 m or 6 minutes walk) - a long strip of snow-white sand, area more tranquil than the neighboring Serendipity beach, and yet only a short walk from the main attractions of the resort city.

Conditions for investors
Freehold apartments
All prices and payments in USD

• 10% annual returns for 10 years
  New Nordic manages your apartment by handing it over as a hotel room and pays you 10% per annum by monthly payments during 10 years.
• 10% cash back
  If pay out the entire amount of the apartment's value before the end of construction, get a bonus of an additional 10% per annum paid by quarterly payments before the end of construction.

Construction start is scheduled for January 2018.

Right now the starting price is 81,000 USD for an apartment with living space of 36 sq.m.
Enjoy 7,290 USD annual rental guarantee income, which is 607.5 USD monthly.

Why invest into Sihanoukville:

• Sihanoukville is a popular resort town, with a population of about 200,000 people, and an evolving infrastructure.
• The Sihanoukville Special Economic Zone acts in fact as a magnet for foreign investment and is the engine of local business.
• The port of Sihanoukville is a large transport hub that manages both cargo andcruise / passengerships. Being the only international port in the country, the port of Sihanoukville is an important spot for the foreign investments. At the moment, the port continues to expand to increase the reception of tourist traffic.
• Sihanoukville International Airport is currently at the stage of major development, with the aim of increasing the passenger flow to 500,000 a year until 2020. At the moment the airport already accepts 150,000 passengers a year, although in 2012 this figure was only 13,000 a year.
• Casinos operate absolutely legally in Cambodia, including Sihanoukville, where these attractions appear every year.

Reasons to invest in the New Nordic project in Cambodia?

1. StabilityThe government, headed by the National Cambodian Party, since 1979 and the prime minister since 1985, has not changed, and the country has not been subjected to any political unrest.
2. The state interested in foreign investments
   The Cabinet of Ministers and the Chamber of Commerce of Cambodia are pursuing a policy aimed at boosting the economy, not least by investing from the outside, creating an appropriate investment climate and opportunities in the country.
3. A diverse economy with stable growthThe average GDP growth was 7% over the last 6 years, the inflation rate does not exceed 3-4%, the Cambodian economy is based on tourism, agriculture, minerals and light industry.
4. Free circulation of US dollars in the country
5. 280 USD only for 1 year visa

How does New Nordic work
You invest and benefit - everything else is our concern

• New Nordic provides the maximum occupancy of your apartment, thus protecting your investment
• New Nordic hotel service deals with the maintenance of your apartment and monitors its condition
• You receive a rental income every month / every quarter
• Community fees and service charges are automatically deducted from your rental income, which will be displayed in the balance sheet at the end of each quarter

Purchase procedure:

1. The buyer makes a deposit of $ 1,500 USD
2. The buyer pays 35% of the price after signing the sales agreement
3. The buyer pays 20% at the beginning of piling
4. The buyer pays 15% at the beginning of construction
5. The buyer pays 20% at the time of the roof construction
6. The buyer pays the remaining 10% upon completion of the construction
7. The buyer pays sinking fund fee of 15 USD per sq.m. (single payment)
8. The buyer pays a utility fee of 2 USD per sq.m. per month (regular)

Finally, we also want to add that the money from the rental income will be paid in US dollars.
For more information, please leave a request and the information that interests you.

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New Nordic Group is Norwegian development company that was founded in Pattaya 15 years ago. Understandable terms of cooperation and guaranteed income after the contract is signed – the reasons why foreigners are investing money into New Nordic hotel complex for 15 years. This is what sets New Nordic’s offer apart from standard real estate investments, which start to gain returns only after construction is completed.

At the moment New Nordic operates more than 30 projects in Thailand (Pattaya, Samui, Phuket, Chumphon), as well as projects in Cambodia, Indonesia, and Philipines.

Setting an unprecedented benchmark in the real estate development sector, buyers can choose the following investment options:

1. Terms and conditions. 
There are two terms available for which contracts are concluded - 5 and 10 years. Each contract implies extension for another 5 years by the investor's decision. Thus, the period of rental guarantee income varies from 5 to 15 years.

2. The rate of rental guaranteed income is:

·         Cambodia - 8%

·         Thailand - 8%

·         Africa - 8%

·         Indonesia (Bali) - 7%

·         Latin America - 7%

·         Philippines - 6%

The difference in return rate is due to different tax rates for foreigners in the above countries. They vary from 14/15% in Cambodia and Thailand to 25% in the Philippines.

3. The term of the contract is counted from the moment of full payment for the apartment and is not tied to the term of completion of construction.

4. The form of ownership of apartments is Leasehold.

5. At the end of the contract period, if the investor wishes, the apartment can be bought back by New Nordic Group at the purchase price (100% return of the investment amount).