Unbeatable prestige location 2000sqm land for sale near Independence Monument

Properties (1053)

Land parcel (51)

Phnom Penh (12)

$20,000,000

+85517400700

Property type: Land parcel
Offer type: For Sale
City: Phnom Penh
Neighborhood: Bassac Lane , BKK 1 , Independence Monument , Tonle Bassac
Original Property ID: TLB.A2
Property size: 2000 m²

Features

Close to embassies
Development potential
Good ROI
hard title
Near CBD
Near Independence Monument
Street presence

Details

Exclusive location commercial property with exceptional street frontage on Norodom Boulevard near Independence Monument is now available for sale in central Phnom Penh.

Currently, largely vacant land, this property is ripe for development, perfect for a high-end business in one of the most prominent locations in the city.

With good access from Norodom Boulevard, there is plenty of scope for any business function – bank headquarters, retail showrooms, medical centre, hotel.

The asking price is negotiable, and the property is a combination of 2 hard titles.

Location: Norodom Boulevard
Size: 2000sqm
Title: Hard
Buildings: 1
Parking: ++

Description:

Central Phnom Penh
Close to BKK 1 & embassies
Incredible visibility
Several banks nearby
Main road frontage
Regular shaped block
Land: 35m x 58m (approx.)
East-West orientation

Original ID: TLB.A2

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We have apartments, condos, office spaces for rent and sale in Phnom Penh, Siem Reap, Kampot and Sihanoukville.

Upmarket BKK 1:

Boeung Keng Kang (BKK) 1 bordered by Sihanouk, Norodom, Mao Tse Tung and Monivong Boulevards is a popular area.

Being the centre of Phnom Penh with its banks, hotels, restaurants, shops and bars, BKK is seen as the place for business deals and considered the ‘foreign capital’ for its cosmopolitan nature.

Here are the embassies of Switzerland, Bulgaria, Brunei and Sweden and various NGOs and international companies. BKK also has many schools offering world class education.

It may be pricey, but this area is attractive for all sorts of businesses on streets 278, 282, 63 and 51.

Apartments and hotels are in the mid to upper range due to location and quality.

The local market is located offers a range of goods including fresh food, clothes, jewelry, money exchanges and household goods.

Surrounding the market is a wide selection of international F + B options including coffee shops and bakeries.

After dark the streets are alive with bars, clubs, hotel rooftops and restaurants open for punters.

Things are pricier but you won’t want for much more.

BKK has pretty much everything.

Major retail to dominate city by 2025

According to a recent report, major retail spaces in the city of Phnom Penh are expected to dominate, growing to just under 1M sqm by 2025 across 62 shopping destinations.

This phenomenon is driven by the now global expectation of the youth generation (Gen Z and Millennials).

Quite simply, they want more and better shopping. They also want a wide range of entertainment options under one safe and comfortable air-conditioned roof.

They differ from previous generations in that they consider the journey to be as important as the destination.

If not, more.

Is the 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.

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

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 in the Cambodia my 2nd home program include – a 10-year unlimited entry / exit visa.

After 5 years, they are eligible to apply for a Cambodian passport and enjoy the advantages of the ASEAN network.

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