Modern 2-bedroom apartment for sale Casa Meridien Diamond Island | central Phnom Penh

GWXQ+56Q, Elite Rd, Phnom Penh, Cambodia

Features

  • 24 Hour Security
  • Air Conditioning
  • Backup generator
  • Balcony
  • BBQ area
  • CCTV
  • City views
  • Close to Aeon 1
  • Close to embassies
  • Contemporary design
  • Elevator
  • Fitness Centre
  • Fully furnished
  • Good ROI
  • hard title
  • Hot water
  • Natural light
  • Near schools
  • Off-street parking
  • Swimming Pool

Details

This luxury 2-bedroom apartment with good city views from the 8th floor of the Casa Meridien condo is now for sale in the elite area of Diamond Island, central Phnom Penh, minutes from AEON Mall and Naga World.

Apartment features:

  • Incredible views of Bassac River (apartment faces Korean Embassy)
  • Plenty of natural light
  • Air-conditioning/hot water throughout
  • 24-hour security/parking/maintenance
  • Free use of pool and fitness centre
  • Smoke alarms and CCTV throughout
  • Western kitchen with refrigerator
  • Wi-Fi / Cable TV
  • Electricity ($0.25/kwh) and water ($0.25/m3)
  • Washing machine

Original ID: KP.B1

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About Diamond Island:

Diamond Island is a recent addition to the Phnom Penh skyline from Koh (Island) and Pich (Diamond). It is an artificial island built around 2000 on the Bassac River.

Before then, the area was home to a few fishing families. In 2006 the island was sold to the Overseas Cambodia Investment Corporation for development

Koh Pich is now a hot spot for real estate investments and mostly inhabited by Chinese. There is little doubt this 75 hectare island will be exclusively for the rich.

In “Elite Town” houses cost up to $1 million USD. Opposite, the “Elysées project” a huge project of $150 million dollars is a replica Haussmann building and L’Arc de Triomphe.

About Tonle Bassac:

Tonle Bassac is on the west side of the Tonle Bassac River. It covers around 3sqm flanked by Sihanouk Blvd, Norodom Blvd and National Road 1.

The area has a myriad of small alleys that branch off into larger streets full of bars and restaurants secluded from the busy city centre.

The reclaimed land (known as Koh Pich) has undergone significant development with many condos, exhibition halls, hotels and other iconic developments, such as The Bridge, The Peak and DI Riviera.

A number of embassies are also located in Tonle Bassac, such as – Thai, Australian, Japanese, Indonesian, Russian, Malaysian, South Korea and Philippines.

The area is also home to official buildings and gated communities so you will notice increased security presence.

Bassac Lane:

Amid the damage to the hospitality industry by COVID, one area in Phnom Penh seems to be defying the odds.

It includes bustling Bassac Lane, St 308 and St 21 where you will find cozy, high end venues surrounded by new condos.

The area is a collection of groovy little streets with cool bars and eateries almost hidden away. It is the fun area with a distinct western vibe with bars in a different theme or style to suit.

COVID-19 slowed business but it bounced back and now the nights are full of music as people return to their old habits.

Bassac Lane is now so full of bars and hole-in-the-wall venues, that new venues are spilling into Street 308 and Street 21.

Because land prices here are 10-20% less than BKK 1, prices are cheaper all round.

Prices of food and drinks are attractive with bars selling cocktails at $3, draught beer at $1 and meals from $5.

Amidst the activity, there is a sense of optimism despite tourist numbers down.

Instead of going to the usual haunts on Street 136 and Pub Street, check out Bassac Lane where the night lights are brighter.

Postcode 12000 Phnom Penh real estate made easy

Phnom Penh real estate, especially the rental market, is not easy to navigate around as there’s a lot on offer and prices vary depending on where, when and what you are looking for.

The city offers a range of properties, so it is important you know what is available.

Covid made things difficult for everyone and all over Phnom Penh, people started negotiating heavily.

Although there is some residual goodwill, much has gone and prices are now close to pre-pandemic levels.

Don’t expect real estate miracles any more!

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