More than 100 strata retail units at The Bridge in Cambodia have been sold by Oxley Singapore since coming on the market at the end of May.

Oxley Holdings released 150 of the 183 units on the Phnom Penh development’s third level. The retail units on that and the second level range from 107 sqft (10 sqm) to 613 sqft, while the F&B units range from 410 to 1103 sqft.

Retail units on Level 3 have an average price of US$780 psf, with absolute prices starting from $91,000. F&B unit prices start from $239,000.

Oxley will officially launch The Bridge for sale in Singapore on July 16 and 17, when it plans to release the remaining 33 units on Level 3 and 60 of the 183 units on Level 2. The average price of the retail units on Level 2 will start from $900 psf, with absolute prices starting from $96,000, while F&B units start from US$275,000. All the strata commercial units are being sold with a freehold tenure.

Oxley is providing a guaranteed rental yield of 6 per cent for the first five years, rising to 8 per cent for the following five years. The group says the average guaranteed rental yield works out to be 70 per cent over 10 years.

The Bridge is Oxley’s maiden joint-venture project with Cambodian developer Worldbridge Land, and is in Phnom Penh’s city centre. The mixed-use development comprises a 762-unit residential tower, which is almost fully sold, and 963 SOHO units, 70 per cent of which have been taken up. The two towers sit atop a five-storey retail podium, with a total of 630 strata retail and F&B units.