Details

Deep in the heart of the secure community of Borey Peng Huoth Star Premier 7 near the Grand Phnom Penh Golf Club, Russey Keo, is this large villa for sale.

Everything about this home breathes comfort and space evident as soon as you enter the large open plan living, dining and kitchen area.

The kitchen is nicely planned and, with a little work could be transformed into something great. marble staircase takes you to the bedrooms, bathrooms and top floor which houses a laundry and covered area.

This magnificent villa will be a pleasure to come home to and suit a medium sized family or professional couple.

Villa features:

• 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.A6

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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.

Is the 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.

Prek Leap College of Agriculture

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