Renovated 11th floor apartment with superb Mekong River views for sale | Chroy Changvar
- 24 Hour Security
- Air Conditioning
- Close to French Embassy
- Contemporary architecture
- Elevator access
- Fitness Centre
- Fully furnished
- Natural light
- Off-street parking
- Swimming Pool
- Washing machine
This fully renovated 11th floor apartment on the Chroy Changvar peninsula with superb day and night Mekong River views is now available for sale.
The owner is keen to sell so has presented it at a very reasonable price and all reasonable offers will be considered.
Apartment Chroy Changvar features:
- Combined living/dining / kitchen
- Fully renovated and furnished
- Natural light and river breezes
- Sweeping Mekong River views
- Street and elevator access
- 24-hour manned and video security
- Undercover secure parking
- Swimming pool/gym
- Ground floor wellbeing services, supermarket and restaurant
- EDC and water (State rates)
- Communal garden and children’s’ play area
- Hard (strata) title for ease of foreign ownership
Original ID: MVT.AA11
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Chroy Changvar: the forgotten, the outlying and the expanding
According to World Bank’s 2017 report ‘Urban Development in Phnom Penh’, successful economies have high levels of urbanisation, such as Cambodia. 21% of its people are already living in urban areas. By 2050 this is expected to rise to 36%.
Cambodia’s rate of urbanisation is lower than expected for its GDP and it is expected to rise. Countries with similar GDP (Bangladesh and Kyrgyzstan) have urbanization rates closer to 35%. Phnom Penh has seen significant growth and now has 2 million residents.
It is the largest and fastest growing city in the country, serving as a gateway to the global economy.
The need for robust urban planning to mitigate growing congestion is becoming more critical in this fast-changing city. So, it comes as no surprise that locations often overlooked when buying or renting are getting more attention.
Areas like Kandal Province, Chroy Changvar, Chbar Ampov and Russey Keo are offering suitable living and working environments not far from the centre of town.
The Phnom Penh Special Economic Zone (PPSEZ) is an example of the phasing-in of a land-use plan to de-centralise the city’s commercial activities. This could be a stimulus for the city to extend westward. Similarly, infrastructure development in Chroy Changvar, Kandal Province, Chbar Ampov and Russey Keo will stretch the city limits in easterly, northerly and westerly directions.
Phnom Penh’s projected population growth, gentrification and foreseeably ongoing foreign investment offer virtually unparalleled opportunities. It is probably a good time to look before everyone sees.
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- ID: 4981
- Published: July 28, 2023
- Last Update: September 18, 2023
- Views: 1564