- BBQ / entertainment area
- Ceiling fans
- Close to CBD
- Close to schools
- Development potential
- EDC and Water State rates
- Good ROI
- hard title
- High ceilings
- Large open plan spaces
- Natural light
Near National Road 6A in a safe neighborhood near the grand Mekong River, Chroy Changvar, is this comfortable 3-bedroom villa for sale with a private garden and 2 car garage.
It will accommodate a medium sized family in comfort.
The main living spaces, including a very spacious kitchen, are of generous proportions accessed by a grand staircase leading to the upper floor.
The bedrooms are all on the ground floor.
This offers a good living or investment opportunity, in a great location for a great price ($2,200/sqm)!
Chroy Changvar villa features:
- Hard title
- Main road frontage with secure wall and gate
- Easy access to the city
- Refrigerator / washing machine
- Partially furnished
- 3 bedrooms with bathrooms
- Private terrace with garden setting
- Off street parking
- EDC and water (State rates)
Property ID: CC.MRR1
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Chroy Changvar on the Mekong River
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 this offer suitable living environments near the city centre.
The Japanese Friendship 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 open, this neighborhood is much closer to the city centre.
Special Economic Zones show how phased 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 so now is a good time for you to look before everyone else does!
Good guide to villa 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.
Innovative Cambodia my 2nd home program
Cambodia my 2nd 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.
Mekong River bridge Chroy Changvar to Kandal Province in 2025?
Areyksat will develop significantly as the Korean government explores grand designs of a Mekong River bridge connecting 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 at Daun Penh’s Riverside to connect with Kandal Province.
A ‘Bay Area Economic Circle’ is forming in central Phnom Penh and incorporating the Mekong and Tonle Bassac rivers into the city fabric will be a landmark achievement.
Connecting the various population centres is expected to alleviate traffic congestion and make travel more convenient.
Phnom Penh’s outward expansion has been prevalent in the north (Sen Sok), the south and west (Meanchey) now full of boreys from well-known developers.
But, the Cambodia South Korea Friendship Bridge (Svay Chrum) will open up an eastward expansion.
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- ID: 21418
- Published: March 4, 2023
- Last Update: March 4, 2023
- Views: 629