- Property type: Apartment
- Offer type: For Sale
- City: Phnom Penh
- Neighborhood: 7 Makara
- Original Property ID: PM3.VV12
- Bedrooms: 2
- Bathrooms: 3
- Property size: 100 m²
- Air Conditioning
- Ceiling fans
- Close to French Embassy
- EDC and Water State rates
- Fully furnished
- Fully renovated
- High ceilings
- Natural light
- Parking nearby
- Washing machine
This designer apartment available for sale in Prampi (7) Makara features 2 bedrooms (each with en-suite and external windows), an additional bathroom, high ceilings with floor-ceiling windows and a large balcony overlooking Kampuchea Krom Boulevard.
- Third floor apartment in a 3 floor building
- Office space on mezzanine floor
- Plenty of natural light
- Western style kitchen
- Large, bright and comfortable living area
- Five minutes’ walk to Central and Orussey markets
- Kampuchea Krom Boulevard
- Close proximity to shops and eating houses
- Good R.O.I.
- Soft title
Original ID: PM3.VV12
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About Prampi Makara (7 Makara):
7 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.
Good guide to investing in Cambodia
Here is a good guide to investing in Cambodia that should steer you away from total financial disaster. The real estate market in Cambodia is extremely varied, more so than most countries, which can make investing either a smooth journey or a rocky one.
What separates a successful from unsuccessful investor is not pure luck, as many think, but the ability to recognise and avoid mistakes. Investing in Cambodia is no different, so here are some things to consider before you part with your hard earned cash.
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.
Moving house – best you use a checklist as it can be a daunting task. Not only is it an emotional journey, but you’ll have reams of admin. Here’s a checklist to help you tick off (and fill) your boxes!
Even before moving house, change your address
- Start doing this 30 days before the move. Sometimes a phone call will do, but often you may have to provide proof of the new address to certain institutions or go into the bank, your doctor, kid’s school or Sangkat to fill in forms, so giving yourself a head start will help to shorten your to-do list.
- In some cases you may be able to receive statements and accounts by email. This cuts down on paper wastage and ensures an easier address change process.
Some institutions you should notify, plus a few extra things
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- ID: 7884
- Published: August 13, 2022
- Last Update: August 17, 2022
- Views: 824