Unique 7-bed room paradise apartment for rent Chroy Changvar | Phnom Penh

Details

Located on the 7th floor with magnificent city and river views is this unique apartment minutes from the Koh Pich ferry and Japanese Friendship bridge for rent in Chroy Changvar, central Phnom Penh.

Rarely does something so special hit the market and we cannot see it available for long.

Immediately as you enter the front door, you get a sense of the overall size of this magnificent home as the corridor runs almost the entire length of the building.

The large, flowing living room beckons you into the space and offers extreme river and city views as soon as you enter with a generous kitchen and dining area too!

Most bedrooms have a walk-in wardrobe, dressing area and luxurious bathroom with bath and large windows filling each space with gorgeous natural light.

This magnificent apartment will be a pleasure to come home to as it perfectly suits a family or professional couple who love to entertain!

Being a prime location, the new owner can share the local advantages:

• Quality education (Norton Uni, Royal University of Fine Art, and AIS)
• Top medical facilities (Sunrise Japan and Calmette hospitals)
• Leisure options (Safari World, water parks, Sokha Hotel and more)
• Sporting venues (under construction for the 2023 SE Asian Games)

Apartment features:

• Large open-plan living areas with high ceilings
• Lovely direct & indirect natural light throughout
• Built-in storage throughout with some unexpected surprises
• Off-street parking for cars and motorcycles
• Pleasant greenery throughout + a shared roof terrace with unparallelled city views

Original ID: CC.A9

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Investment confidence returning in 2024

As the dreary years of 2019-2023 fall away, confidence is returning that the coming months will generate activity essential for a healthy property sector as foreign investment returns to pre-pandemic levels.

The presence of apparent current empty stock, combined with that yet to enter the market, long-term investment is still appealing to foreign investors in this largely stable market.

Many agree that Cambodia weathered the pandemic well and, despite a glut of stock, quality projects will do well as sophisticated investors expect more from developers.

Confidence returning to Cambodia

Mekong River bridge grand options

Areyksat is facing significant development as South Korean’s Ambassador indicated his government is exploring options of a Mekong River bridge to connect Phnom Penh to Kandal Province.

The spin offs for Chroy Changvar are clearly enormous as the city’s centre of gravity shifts eastwards.

Areyksat will develop significantly as the South Korean government explores options of a Mekong River bridge to connect Phnom Penh to Kandal Province.

Areyksat, on the eastern bank of the Mekong, is mooted to fall under the jurisdiction of Phnom Penh.

As part of the plan, it will become a satellite city with shopping malls, residential, commercial, leisure and entertainment precincts.

Technical teams researched numerous potential sites at Chroy Changvar and/or at Daun Penh’s Riverside to connect with Kandal Province.

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Chroy Changvar: forgotten, outlying, expanding

According to the World Bank successful economies are highly urban. Countries with similar GDP to Cambodia (e.g. Bangladesh and Kyrgyzstan) have rates at 35%.

In Cambodia 21% are in urban areas, predicted to rise to 36% by 2050. Phnom Penh has 2 million+ people and the nation’s fastest growing city.

Good planning is helping mitigate congestion and locations previously overlooked are now getting more attention.

Areas like Chroy Changvar offer suitable living environments near the city centre.

Chroy Changvar Bridge reopened in 2019 following renovations. Crossing the Tonle Sap river, it connects with Daun Penh. 971m long and 13.8m wide, built in 1963 with a grant from Japan.

Now fully functional, Chroy Changvar is now much closer to the city centre.

Special Economic Zones show how phased decentralized land-use helps the city extend and developments in Kandal Province, Chbar Ampov and Russey Keo are doing similar.

Phnom Penh’s growth and continued investment offer good opportunities, making now a good time for you to look before everyone else does!

Is the property market healthy enough?

Despite claims the Cambodia property market is not healthy enough in 2022 to compete globally, there is evidence this is not the case.

The sector has ridden a massive wave of direct foreign investment, mostly from China, with no foreseeable limit, despite COVID-19.

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Renting 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!

There are essentially four types of rental options (Khmer style shop house, renovated shop house, western apartment, condo / serviced apartment) each with a distinct feature and price tag, depending on location…

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