Global Titan Stone Real Estate Development recently unveiled Picasso 2 with the appearance of branded hoarding on the prime corner of Street 57 and Street 282, as well as on their Facebook page. Following the remarkable success of Picasso 1 City Garden in BKK 1, their first large condo development comprised 30 storeys, which achieved significant sales and was completely sold out within a few months of its launch.
The success of Picasso (1) City Garden can be attributed to several factors. Firstly, the developer, Global Titan Stone Real Estate Development, is a well-experienced and reputable company known for delivering high-quality projects. Their commitment to completing Picasso City Garden during the pandemic contributed to the favourable reception and popularity of the project among buyers.
Another key aspect that contributed to the success of Picasso (1) City Garden is its high return on investment. The project proved to be a lucrative asset for investors looking for profitable opportunities, with potential for capital appreciation and rental yield due to the high demand in the area. One-bedroom units with a size of 45 sqm start with a rental price ranging between $1,250 per month to $1,450 per month, offering an attractive 8% expected rental return. The combination of a well-constructed development in an ideal location increases the potential for a substantial return on investment, making Picasso City Garden an appealing choice for discerning buyers.
(Picture credit: Picasso City Garden Facebook)
As mentioned earlier, the location of the real estate development also played a significant role in its success. Picasso (1) City Garden is situated in the BKK1 district, in close proximity to other condominium projects, five-star hotels, shopping centres, and commercial and business hubs. Besides being a residential project, it also functions as an international business complex. The 27-floor building integrates various amenities and facilities, including the Picasso garden, banquet hall, landscape fountain, infinity pool, paddling pool, gymnasium, meeting room, international business office, wine lounge, Casa Picasso restaurant, Casa Picasso café, and Picasso art auction centre. The combination of all these features aims to provide residents and visitors with a unique and enhanced living experience.
Picasso 2 is also located in the surrounding neighbourhood of BKK1 and remains a highly sought-after location by ex-pats, locals, and tourists visiting the Kingdom, as it offers convenient access to various amenities and business opportunities.
With the success of Picasso (1) City Garden, Global Titan Stone Real Estate Development sets a promising foundation for Picasso 2, which is poised to become another landmark in the high-rise real estate landscape. Drawing from the developer's track record, buyers can anticipate top-class amenities, generous public spaces, and a high standard of property management.
Curious to see Picasso City Garden listings? Click here to explore the available options and find your perfect living space in the heart of Phnom Penh.
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