Furnished luxury 2 bedroom condo for sale | 7 Makara central Phnom Penh

Details

High above 7 Makara in the Skyline complex is this large 2 bedroom, fully furnished luxury condo for sale with breathtaking views across Phnom Penh central.

The Skyline building combines luxury and practicality. It consists of a 39-storey mixed use tower, two 29-storey residential towers, 6-storey car park (with 578 lots) and a 3 storey shopping plaza on the ground floors (completed late 2019). Centrally-located, Skyline is close to prominent landmarks – The Peace Palace, Vattanac Capital Tower, Canadia Tower, Central Market and major International and local banks.

Luxury condo features:

• 36th floor with large balcony with northern views
• A/C and hot water
• Quality finishes – tiled flooring, kitchen with cooker hobs and exhaust hoods
• Fully furnished – incl. washing machine / refrigerator
• Built in robes and plenty of storage
• CCTV and smoke alarms
• Street & elevator access / 24-hour security / parking
• Onsite swimming pool and fully equipped gymnasium
• Sky terrace and BBQ pad, reading room, outdoor fitness area, landscape deck and wading pool
• Business amenities, including function rooms and huge sky terrace

Original ID: PPM.A9

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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.

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.

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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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