Luxurious 2-bedroom presidential suite apartment for sale | Sihanoukville

Details

This exceptional Sihanoukville 2-bedroom apartment has been comprehensibly remodeled and upgraded by the current owner and is now available for sale.

It has a sumptuous principal bedroom suite with a bathtub and walk-in closet, 2^nd bedroom with a balcony and a large living room accessed from the kitchen/breakfast room.

The total NET area is 116 sqm and the apartment has an energy-saving standard A+++.

It is in a building of 88 apartments completed in 2019 situated in the Mittapheap district.

Apartment features:

• 2 bedrooms
• Elevator access
• Double glazed windows
• Balcony with security glass
• Security door
• Backup Generator
• Swimming Pool

The apartment is sold fully furnished.

Original ID: SHV.A13

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About Kampong Som (Sihanoukville)

Sihanoukville (Kampong Som) is a coastal city and capital with the same name. It is located in the country’s southwest on the Gulf of Thailand.

The city is surrounded by beaches and marsh lands bordering Ream National Park.

The city has one navigable river, the Ou Trojak Jet running from Otres Pagoda to Otres. A number of islands are nearby which have seen recent development.

In the last few years, the area has seen unprecedented levels of Chinese investment with around 100 casinos opening up in the city.

The city’s profile has changed significantly with thousands of mainland Chinese workers, developers and investors settling there.

In 2019 nearly 80,000 Chinese lived in Sihanoukville (90% of the city’s expat population) making it a major city in China’s One Belt One Road Initiative.

PP – SHK Expressway

Now operational, the Expressway is the largest in the country, providing a fast link between the two cities.

• PROJECT TYPE: 2 + 2 lane Expressway
• MAX SPEED: 100 km/h
• LENGTH: 190 km
• WIDTH: 24.5 metres
• DEVELOPER: China Road & Bridge Corporation (CRBC)

Feasibility study completed by JICA 2006 – 2018 and construction started in 2019.

The road starts at Tomnup Kob Srov Road in Phnom Penh, runs along the west side of NR 4 to Chbar Mon. There it crosses over NR 4 and continues along its east side to Sihanoukville.

The project includes 89 bridges, 4 rest stops, petrol stations and crash barriers for convenience and safety.

Project cost US$2B – partnership with CRBC and the Chinese and Cambodian governments.

The China Road and Bridge Corporation (CRBC) was the principal contractor and ongoing costs will come from road users via toll booths.

• Link between the capital and main seaport
• Reduce transport time by 50% to 2½ hours
• Ease traffic flow on NR 4 and enhance safety
• Create 6,000 construction jobs and 2,000 operations jobs

Is the property market healthy enough?

Despite claims the Cambodia property market is not healthy enough 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.

READ MORE

Good guide to investing

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.

Read more about investing in Cambodia

Innovative Cambodia my 2nd home program

Cambodia my 2^nd home (CM2H) is an innovative initiative recently launched by KHCA (Khmer Home Charity Association) in association with the Ministry of Interior (MOI).

Its aim is to help foreign nationals enjoy a series of measures to facilitate living and business in Cambodia.

Benefits for participants include – a 10-year unlimited entry/exit visa and, after 5 years, they are eligible to apply for a Cambodian passport and enjoy the advantages of the ASEAN network.

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