Renovated 3 bedroom villa in beautiful gardens for sale | Chroy Changvar
- Air Conditioning
- High ceilings
- Private terrace
- TV Cable
- Washing machine
Located about 500 metres from Sokha Hotel, Chroy Changvar this large block of land with a renovated Khmer style villa is now available for sale. It is conveniently close to the Cambodian-Japanese Friendship Bridge and Cambodian-Chinese Friendship Bridge.
Being updated to European standards, this lovely home combines the delightful style of Khmer building with modern living expectations.
It is located on a quiet street, currently serving as a family home on a block large enough for a good sized villa to be constructed.
PRICE NEGOTIABLE !!
Alternatively, this land being located in Chroy Changvar, is becoming more attractive for investors to develop condo projects, hotels, apartments, guesthouses, restaurants, etc. There are many good quality boreys in the area, as well as Norton University, international schools, restaurants, shops, entertainment, showrooms and and hotels.
Khmer villa features:
- Great location with good ROI on a quiet residential street
- Land size 11.86m x 32.03m – hard title 350sqm
- Western style kitchen and bathrooms
- Large land block with beautiful tropical gardens
- Khmer style home with natural light and ventilation
- Lots of off-street parking
- Separate guard house and perimeter razor-wire security
Original ID: CCV.B1
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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 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.
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- ID: 4200
- Published: August 22, 2022
- Last Update: August 24, 2022
- Views: 1624