Stunning 4-bedroom villa with large garden and pool for rent Chroy Changvar

288 Water Factory St, Phnom Penh, Cambodia
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Details

This beautiful 4-bedroom villa in a large garden setting with a private swimming pool now available for rent in Chroy Changvar near Norton University and the Japanese Friendship bridge.

It is a well-maintained villa located in a quiet, green and safe area near Sokha Hotel and Norton University, and a 15-minute drive to Wat Phnom and the French School and 20 minutes to BKK 1.

It is perfect for a long-term period as a family home or an office, with nearby shopping mall, schools, medical centres, shops and a fresh food market.

Villa features:

  • Secure perimeter
  • Fully furnished
  • 4 bedrooms / 5 bathrooms
  • Guard house and maid quarters
  • Large and bright rooms
  • Separate living and dining rooms
  • Attic rooms and roof terrace
  • Swimming pool
  • House size: approximately 350sqm
  • Plenty of parking (3+ cars and many motorbikes)
  • Pet friendly
  • Electricity and water (State rates)
  • Internet and cable TV not included

Original ID: CC1.AA1

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Mekong River bridge grand options

Areyksat is facing significant development as the South Korean Ambassador indicated that his government is exploring options of a Mekong River bridge to connect Phnom Penh to Kandal Province.

The spin offs for Chroy Changvar are clearly enormous as the city’s centre of gravity shifts eastwards.

Areyksat will develop significantly as the South Korean government explores options of a Mekong River bridge to connect Phnom Penh to Kandal Province.

Areyksat, on the eastern bank of the Mekong, is mooted to fall under the jurisdiction of Phnom Penh.

As part of the plan, it will become a satellite city with shopping malls, residential, commercial, leisure and entertainment precincts.

Technical teams researched numerous potential sites at Chroy Changvar and/or at Daun Penh’s Riverside to connect with Kandal Province.

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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 now 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!

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.

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Renting made easy

Phnom Penh real estate, especially the rental market, is not easy to navigate around as there’s a lot on offer and prices vary depending on where, when and what you are looking for.

The city offers a range of properties, so it is important you know what is available.

Covid made things difficult for everyone and all over Phnom Penh, people started negotiating heavily.

Although there is some residual goodwill, much has gone and prices are now close to pre-pandemic levels. Don’t expect real estate miracles any more!

There are essentially four types of rental options (Khmer style shop house, renovated shop house, western apartment, condo / serviced apartment) each with a distinct feature and price tag, depending on location…

READ ON

 

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