- Property type: Villa / House
- Offer type: For Sale
- City: Phnom Penh
- Neighborhood: Russian Market , Tuol Tumpung (Russian Market)
- Original Property ID: BTB.A12
- Bedrooms: 2
- Bathrooms: 3
- Property size: 291 m²
- Air Conditioning
- Ceiling fans
- City Centre
- Close to Chinese Embassy
- Close to Russian Market
- Close to schools
- Development potential
- EDC and Water State rates
- Good ROI
- hard title
- High ceilings
- Natural light
- Off-street parking
This 2 bedroom 2 bathroom villa sitting on a large land parcel near BKK 3 and Russian Market is now available for sale.
It is a charming single floor, solid home built on a concrete slab, upgraded to allow for modern and comfortable living. The property has a garden aspect and a private courtyard, making it a very special home.
With some minor upgrades, it will be even better. This gem lies just off Mao Tse Tung Boulevard in a quiet area. It has 2 bedrooms with A/C, 3 bathrooms, a large living room and kitchen / dining area with off street parking for 2 cars.
Alternatively, being a large (291sqm) block, the property could be developed to accommodate a medium rise building which will bring great returns given its prime location.
Original ID: BTB.A12
Does this villa interest you?
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Russian Market area:
The busy districts surrounding Russian Market are some of the best in Phnom Penh for tourists and locals alike. Its name harks back to the large Russian expat population back in the 1980s.
In the market, you will find many souvenirs, such as silk cloth and scarves from the provinces, stone Buddha carvings and other religious icons, western and local handbags and branded clothing from local factories. Further inside is an array of fresh foods – fruit, vegetables, seafood and fish.
There are also household items like lamps, wood carvings, fabrics and kitchen wares. At night there are many restaurants serving freshly grilled seafood.
Well priced accommodation centre around the market and Wat Toul Tom Pong. Nearby you will find many retail outlets catering to foreigners like – Zando, Sundown, Brand Collection, Corner Cafe, Vega, Brown, Starbucks and Amazon Cafe.
On virtually every corner there is a pub or bar where you can find anything from cheap beer to high-end wines and cocktails. If you live here, you will be within walking distance to everything.
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.
Post Covid, 2022 and a brave new normal
There is some doubt as to what a post Covid world will look like even though many say things will be back to a brave new ‘normal’ by the end of 2022.
It is widely known that the pandemic changed consumer behavior and spending habits enormously.
The suspension of regional and international travel, for instance, directly impacted retail, tourism and hospitality sectors across the globe.
This led to a rise in online shopping and entertainment platforms and is likely to create long-term effects on retail markets and eventually real estate.
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- ID: 17063
- Published: September 20, 2022
- Last Update: September 20, 2022
- Views: 721