15th July, 2022, Phnom Penh – Titan Stone Group held Picasso City Garden Completion and Titan Stone Special Economic Zone Soft Launch Ceremony today (15th July). H. E. PhD Hung Manet was present for the occasion. A large number of distinguished guests attended the event. Titan Stone Group also announced the listing plan and the new projects to expand its investment in Cambodia.
H.E. PhD Hun Manet Congratulated the Completion of Picasso City Garden
Titan Stone Group held the “Picasso City Garden Completion and Titan Stone Special Economic Zone Launch Ceremony” today at the site of Picasso City Garden to celebrate the completion of the only Picasso-themed mansion in Asia and to announce the official launch of the long-planned Titan Stone Special Economic Zone. Many distinguished guests and partners attended the ceremony. The Excellency PhD Manet Hung, Deputy Commander in Chief, RCAF Commander, Royal Cambodian Army, also participated the ceremony and cut the ribbon to congratulate the completion of the project. He was also optimistic about Titan Stone group investing in the Special Economic Zone and affirmed that Titan Stone Group keeps investing in Cambodia. Dr. Heng Vuthy, Chairman of Association of Chinese Investor in Cambodia, also attended the ceremony to give his best wishes. He believes that Cambodia will recover quickly from the epidemic and the economy performance will soon return to its pre-pandemic prosperity.
Picasso City Garden, A Costly Secure-Art House, Was Completed in A Difficult Situation
In order to provide Cambodians with the same quality and standard of living space as the luxury residences in Europe and the United States of America, Titan Stone Group has invested US$51 million in Picasso City Garden, a top luxury residence. The group also got the official authorization of Picasso Group, the internationally renowned brand. This mansion combined the aesthetics of Picasso, a giant in the art world, from the exterior and interior. You are embraced by art and beauty when you come home.
Because of insistence on safety, the highest safety coefficient technology was used, such as diaphragm wall, the same construction method as the Dubai Marina, underground piles that penetrate 3 meters into the rock, and the high standard of cement and reinforcement pounds and bundling methods in Europe and USA. In order to prevent viruses from invading the living or working space, Picasso City Garden was built as an epidemic-proof house with seven major plans: access protection, public space disinfection, air cleanliness, sanitation, clean water supply, antibacterial building materials and epidemic prevention services. The purpose of investing so many resources is to provide a quality living space with aesthetics, safety and epidemic prevention, as well as a house that you can live in for a long time.
Under the epidemic, thanks to the support and help of the government, customers, partners and other sectors, we finally overcame many difficulties such as shortage of raw materials and workers. Picasso City Garden is eventually able to be in front of everyone’s eyes and becomes one of the few completed projects in Phnom Penh during the epidemic. Its completion not only represents the improvement of the level of luxury houses in Phnom Penh, but also one of the symbols of Cambodia’s economic recovery.
Recognized by Cambodia Real Estate Awards in three titles
This year, Picasso City Garden was recognized by Cambodia Real Estate Awards, the most prestigious real estate awards in Cambodia and won three awards including Serviced Apartment of the year, Premium Condominium of the year, and Condominium Design of the year.
The market Is Enthusiastically Supportive & Titan Stone Life Offers Free Life Insurance policy to Celebrate
Besides the recognition of the professional unit, Picasso City Garden has also received support from the market. Currently, the occupancy rate of the rental units alone is up to 60%, not including the owner-occupied portion. Most of the tenants are corporate owners or executives, and many bank executives and embassy staffs will move in as well. It also provides six-star property services to meet requirements of the residents with high quality of life. To celebrate the completion of Picasso City Garden, Titan Stone Life, Titan Stone Group’s affiliate, offers free life insurance policy to all new and existing homeowners of this project.
Titan Stone Group Thanks for Supports & Announces the Launch of the SEZ
Darren Teng, General Manager of Titan Stone Group and Chairmans of Titan Stone Real Estate and Picasso City Garden Development, said “We would like to thank H.E. PhD Hun Manet for coming to witness the glory moment of Picasso City Garden and all the supports of our partners to let us keep standing firm in the face of difficulties and forge ahead to provide quality products to you. In the second half of the year, we are planning two new projects which are the Picasso City Garden II and high-end serviced apartment cooperating with a well-known brand hotel. We have also started to prepare for the listing of Titan Stone Real Estate on the Cambodian Stock Exchange in order to connect with the financial market and grow with the country.
In addition, in view of the needs of international supply chain transfer, the long-planned Titan Stone Special Economic Zone (Titan Stone SEZ) is officially launched today. Titan Stone Group will introduce internationally renowned leading enterprises and their manufacturers into this SEZ by its own resources. The Group hopes to increase local employment opportunities through the migration of a complete supply chain and enhance Cambodia’s manufacturing strength to help Cambodia industries transform from agriculture or light industry to high value-added industries.
Optimistic about Cambodia’s Potential and Continue to Cultivate Local Talent and Help the Disadvantaged
Wayne Yeh, Chairman of Titan Stone Group, also expressed that five years ago, Titan Stone Group came to Cambodia because of the potential of the country. Five years have been passed, and Cambodia’s economic performance and future potential have been proven to us that we made a right decision then. In addition to our existing real estate business and Titan Stone Life, the Group continues to look for diversified investments, one of which is Titan Stone SEZ. We also contribute to the society with aggressively involving in charitable activities, donations, sports sponsorships, school speech program and etc. By helping the underprivileged and nurturing local talent, we hope to make the society better.
Titan Stone Group Continues to Cultivate here and Create Future with Cambodia
The completion of Picasso City Garden and the launch of Titan Stone SEZ are another milestone for Titan Stone Group in Cambodia. With the launch of Titan Stone SEZ, the listing of Titan Stone Real Estate, and the planning of two new property projects, Titan Stone Group continues to deepen its local connection and to be a bridge and navigator between Cambodia and international enterprises to assist Cambodia to develop its economy, upgrade its industries, and connect with the international community. Titan Stone Group can share and create a brighter future with Cambodia together.
About Titan Stone Group
As a professional financial investment group, Titan Stone Group is founded in Hong Kong, 2003. Its services include investment and private banking and insurance fields, such as overseas real estate, life insurance, equity acquisitions, asset management, and personal financial plan, etc. We have excellent financial background and plenty of investment operation experience for 19 years. We offer companies and investors the most insightful and leading-edge investment opportunities with a unique perspective that transcends the market. We actively invest in Asia, develop comprehensive financial services, and create a win-win-win situation for investors, local government and the people. Learn more about Titan Stone Group, please visit http://www.titanstonegroup.com