Spacious 4 bedroom borey link house near National Road 6A for sale | Chroy Changvar

Details

This spacious, light filled 4 bedroom borey link house is now available for sale in Prek Leap just off National Road 6A only 15 minutes from the Cambodia Japan Friendship bridge, Chroy Changvar.

It is well positioned in a booming area serviced by good quality roads leading straight to National Road 6. Although in an established neighborhood now, the surrounding areas are yet to be fully developed. It is a lovely home and a clever investment.

Chroy Changvar borey house features:

• Plenty of natural light from three sides
• Air-conditioning and hot water
• Secure community neighborhood
• Off street parking for two cars
• Fully fitted kitchen (incl. gas cooker, fridge)
• Large living spaces throughout
• 10 minutes to the new Russey Keo bridge
• 7km to Wat Phnom
• 250sqm home with 150sqm external space
• Hard title

Original ID: PL.AA2

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

Capital Gains Tax 2024 gets ministry life raft

Capital Gains Tax (CGT) delayed to 2024 by the General Department of Taxation (GDT) to allow industry to recover from the pandemic, particularly those in the textile and garments, and tourism sectors.

From 1 January 2024 the CGT will be implemented and enforced. Set at 20% of the amount of gain realized (subject to deductions). It is to be reported and paid within three months of the transaction date relevant to the capital gain.

It initially appeared in Prakas 346 (1 April 2020) following which the GDT provided guidance on its implementation. So far, it has been delayed a few times for various reasons.

In short, a transaction made after 1 January 2024 is liable if it refers to immovable property, finance leases, investment assets, goodwill, intellectual property, and foreign currency. This will apply to all taxpayers (both residents and non-residents including legal entities and nonresident individuals) that realize capital gains.

Exemptions are available.

READ MORE

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