Superb luxury 3-bedroom serviced apartment with city views for rent Chroy Changvar

399 Water Factory St, Phnom Penh, Cambodia

Features

  • 24 Hour Security
  • Air Conditioning
  • Backup generator
  • Balcony
  • BBQ area
  • City views
  • Contemporary design
  • Elevator
  • Fire alarms
  • Fitness Centre
  • Fully furnished
  • Garden
  • Hot water
  • Large open plan spaces
  • Maid service
  • Natural light
  • Near French Embassy
  • Near schools
  • Off-street parking
  • Roof terrace
  • Swimming Pool
  • TV Cable
  • Washing machine
  • WiFi

Details

Located on the Phnom Penh riverfront in Chroy Changvar is this beautifully appointed, luxury serviced 3-bedroom apartment for rent offering all mod-cons to a professional clientele.

From the moment you step into this ultra-modern building, you will feel special; like a 5-star hotel guest, a feeling that will remain the whole time you live here.

This apartment has its own private balcony, is fully furnished and fully equipped with no detail untouched.

All you need do is move in!

Rent inclusions:

  • First 1250KWh/month electricity free
  • Free water
  • 10% VAT and 2% Accommodation Tax
  • Fully furnished serviced apartments
  • Complimentary scheduled shuttle service city centre/shopping mall
  • Secure parking/24-hour security and concierge
  • Internet/cable TV
  • Complementary airport transfer (subject to availability)
  • Twice weekly cleaning services
  • Free use of infinity pool, tennis court, gym, sky lounge, free coffee, sunset garden and kids’ playhouse.

Original ID: CC1.E7

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Mekong River bridge grand options

Areyksat is facing significant development as the South Korean Ambassador indicated that 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.

Development in Kandal Province, Chbar Ampov and Russey Keo are doing similar.

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

2022 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…

READ ON

 

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