Vibrant 2-bedroom duplex apartment for sale 7 Makara – central Phnom Penh

Details

This 2 bedroom duplex apartment for sale is located near Orussey Market, 7 Makara in central Phnom Penh.

It was architecturally designed for comfortable living and entertaining in mind and will appeal to a professional couple or small family given its city proximity combined with quiet neighbourhood characteristics.

Apartment features:

• Safe and clean street access
• Natural light from three sides
• Clever lighting and spatial design
• Large terrace overlooking quiet neighbourhood street
• A/C and hot water
• Architect designed and tastefully furnished
• Security and lighting
• Quiet street in a central location
• Rental return of around $600/month
• Soft title (convertible)

Original ID: MAK.D1

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Prampi Makara (7 Makara):

Prampi Makara (7th January) named after the day when Kampuchean Armed Forces and Vietnamese troops liberated the capital in 1979.

It is literally the centre of Phnom Penh. A web of narrow streets with every shop imaginable, all seemingly headed towards Orussey Market. The real Phnom Penh, the beating heart, the raw flesh where shop owners and stall holder ply their trades.

A look up and you will see the pre-Pol Pot face of the city: the Khmer take on Modernism.

Prampi Makara is the smallest Khan in Phnom Penh. It is subdivided into 8 Sangkats and 33 Kroms (villages). It is only 2.2 km² but in 1998 had 96,192 inhabitants, making it one of the most densely populated areas in the city.

And yet, it is often overlooked.

Westerners tend to head towards Daun Penh or Chamkarmon as if nothing else matters. The Chinese appear only to want to be in BKK 1 close to Naga World. Both ends of the investor / renter spectrum look elsewhere.

Here you can buy or rent living spaces for half the price of other areas. They will have character and the moment you step into the street, the city presents itself in its fullness. Orussey Market watches over all – chaos by day, an eerie stillness by night.

Barely 700m north are Vattanac and Canadia Towers, 400m south west is Molyvann’s Olympic Stadium and to the immediate south BKK 1 and east, Riverside.

It is all there… waiting.

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READ MORE

Research

Having a deep wallet may help you in the short term. However, knowing where the market is now and where it is likely to go is part of a long-term strategy that will prove beneficial. This is best attained by being aware of and finding more information on upcoming projects.

Short term gains may be made, but knowledge of the real time investment climate will more likely provide better long-term options for you.

Large upcoming infrastructure projects – roads, rail, bridges, shopping centres, subdivisions – generally nudge property values and attract businesses that will generate better investment options.

It is wise to undertake a feasibility study of your own, supported with information gleaned from professionals with a finger on the foreign investment in Cambodia pulse.

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About Phnom Penh property

Phnom Penh real estate market

Central Phnom Penh