1-bedroom apartment stunning city views and pool for sale Chroy Changvar | Phnom Penh

Details

Designer apartment with stunning city views, swimming pool and world class sky bar in a brand-new building in Chroy Changvar for sale.

Brought to you by SH Development Company, this sophisticated condo has top-tier facilities throughout.

There are 7 floors of parking, 24-hour security and a welcoming reception area with a comfortable lounge and concierge service.

The fitness centre has state-of-the-art equipment and the rooftop terrace with sky bar and swimming pool offers one of the best places in Phnom Penh to relax.

In the apartment, the open plan dining/living area flows seamlessly together and come standard with a dining setting, TV, sofa, chair and calm lighting.

The kitchen is streamlined but spacious, appealing to the inner chef and from the balcony, you can take in the fresh Mekong River air, enjoy a coffee or just relax.

The bedroom is elegant and functional, decked out with smart designs and fittings to help you feel at home.

Being in Chroy Changvar, this complex is 3 minutes to the Cambodia-Japanese Bridge, 10 to the French School and 15 minutes to the Royal Palace and close to many shops and eating houses.

Apartment features:

Original ID: CC.VC2

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Chroy Changvar: forgotten, outlying, expanding

According to the World Bank healthy economies are highly urban. Countries with similar GDP to Cambodia (e.g. Bangladesh) 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 ease congestion and locations previously ignored are now getting more attention.

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

Chroy Changvar Bridge reopened in 2019 following renovations crossing the Tonle Sap river, it connects with Daun Penh.

Originally built in 1963 with a grant from Japan, it was 971m long and 13.8m wide (now double the width) it made this neighborhood more accessible to / from the city centre.

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

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

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 anymore!

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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Post Covid, 2022 and a brave new normal

There is some doubt as to what a post Covid world will look like even though many say things will be back to a brave new ‘normal’ by the end of 2022.

It is widely known that the pandemic changed consumer behavior and spending habits enormously.

The suspension of regional and international travel, for instance, directly impacted retail, tourism and hospitality sectors across the globe.

This led to a rise in online shopping and entertainment platforms and is likely to create long-term effects on retail markets and eventually real estate.

However, the market remains in flux and has already changed irrevocably due to shifted consumer habits (and now the Ukraine war will play a role).

How this will affect real estate in any significant way post 2022 is yet to be seen, but aspects of building design and transport are likely to change as a result.

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