- Property type: Villa / House
- Offer type: For Sale
- City: Phnom Penh
- Neighborhood: Chroy Changvar
- Original Property ID: CC1.F7
- Bedrooms: 32
- Property size: 3015 m²
- Close to French Embassy
- Close to schools
- Development potential
- EDC and Water State rates
- Fully furnished
- Fully renovated
- Good ROI
- hard title
- High ceilings
- Highway access
- Off-street parking
This beautiful 32-bedroom French style villa complex in a secure landscaped compound on the banks of the Mekong River, Chroy Changvar is now available for sale.
It is comprised of 7 self-contained villa / apartments – all fully furnished with full occupancy, returning approximately $10,000/month
Chroy Changvar villa complex features:
- Total land size: 4000sqm / hard title: 3015sqm / $1700/sqm (neg) – $5.126M
- 60 metre river frontage (Mekong River)
- Access via sealed concrete road approx. 100m from National Road 6A
- Secure compound with undercover parking for 8 cars
- Quiet neighbourhood close to shops and supermarket
- Air-conditioning and hot water in all units
- Fully equipped with refrigerator and washing machines
- 24-hour manned security and maid (if required)
- Gym and large shared gardens
More information available on request.
Example of villa in the complex:
Original ID: CC1.F9
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Chroy Changvar: forgotten, outlying, expanding
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 Chroy Changvar offer suitable living environments near the city centre.
Chroy Changvar 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 fully functional, Chroy Changvar is much closer to the city centre.
Special Economic Zones show how phased decentralized 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.
Now is a good time for you to look before everyone else does!
2022 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.
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.
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 program 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.
Prek Leap College of Agriculture
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- ID: 17693
- Published: February 5, 2023
- Last Update: February 6, 2023
- Views: 597