- Property type: Villa / House
- Offer type: For Sale
- City: Phnom Penh
- Neighborhood: Russey Keo
- Original Property ID: RK.A4
- Bedrooms: 4
- Bathrooms: 6
- Property size: 300 m²
- 24 Hour Security
- Air Conditioning
- Close to Aeon 2
- Close to schools
- EDC and Water State rates
- Fully furnished
- hard title
- High ceilings
- Off-street parking
- pet friendly
- TV Cable
- Washing machine
Deep in the heart of the secure community of Borey New World on National Road 5, Russey Keo, is this 4 bedroom luxury villa for sale. Everything about this lovely home breathes comfort and tranquility. This is evident as soon as you enter the large open plan living, dining and kitchen area.
The kitchen is nicely planned and executed in a western style, as have the electrics and plumbing in this four floor palatial home.
A stunning, curved staircase on each floor both separates and connects the two bedrooms and two bathrooms and balcony on the first and second floors and the top, which houses a bathroom, laundry and terraced area.
This magnificent villa will be a pleasure to come home to and suit a medium sized family or professional couple who love to entertain!
- Open plan living / dining and kitchen area with ‘light garden’
- A/C and hot water
- Western kitchen with large refrigerator and plenty of storage
- Off-street parking (car and moto)
- Private courtyard / two separate balconies
- Laundry with family sized washing machine
- EDC and water (State rates)
Property ID: RK.A4
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Phnom Penh: the forgotten, the outlaying and the expanding
According to World Bank report ‘Urban Development in Phnom Penh’, healthy economies have high levels of urbanisation.
Phnom Penh has seen good growth over the last 10 years, and now has 2 million residents. 21% of its people were already living in urban areas at the time of this report. By 2050 this is expected to rise to 36%. As Cambodia’s rate of urbanization is lower than expected for its GDP, it is expected to rise.
Note: countries with similar GDP (e.g. Bangladesh) have rates closer to 35%.
It is the largest and fastest growing city in the country, serving as a gateway to the world. The need for urban planning to mitigate the growing congestion is becoming more critical. So, it comes as no surprise that locations often ignored in real estate decisions are getting more attention.
Areas like Russey Keo have suitable living and working options near the town centre.
The Phnom Penh Special Economic Zone (PPSEZ) on Road 4, for instance, is an example of the phasing in of a land use plan to spread the city’s activities. The result will see the city to extend westward. Similarly, development in Russey Keo will stretch the city limits northward.
With the projected population growth rate and ongoing foreign investment, this location offers opportunities virtually unparalleled.
Probably a good time to look before everyone catches a glimpse of the opportunity.
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. READ MORE
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 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 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: 6499
- Published: August 5, 2022
- Last Update: August 18, 2022
- Views: 783