Stylish Bali 3 condo for sale | Chroy Changvar Phnom Penh

Details

This stylish and modern 1 bedroom serviced Bali 3 condo is now available for sale in the increasingly popular Chroy Changvar area, minutes from the Japanese Bridge.

Bali 3 condo for sale features:

• Good street and elevator access
• 24-hour security / parking
• A/C and hot water
• Washing machine, refrigerator and other low energy appliances
• Cable TV
• EDC (0.30$/kwH) and water ($5/month)
• Smoke alarm
• Weekly cleaning service / maintenance
• Roof terrace / balcony
• City views
• Pool / gym
• Strata title – good for foreign ownership

Original ID: CC1.B2

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Chroy Changvar: the forgotten, the outlying and the expanding

According to the World Bank ‘Urban Development in Phnom Penh’, successful economies have high levels of urbanization. Countries with similar GDP to Cambodia (Bangladesh and Kyrgyzstan) have rates near 35%.

Cambodia has only 21% of its people in urban areas. This is expected to rise to 36% by 2050.

Cambodia’s rate of urbanisation is already changing. Phnom Penh now has over 2 million residents. It is the largest, fastest growing city in this small country, now serving as a bold gateway to the world.

The need for good planning to mitigate congestion is critical in this fast-changing city.

It is not surprising that locations oft overlooked are now getting more attention.

Areas like Kandal, Chroy Changvar, Chbar Ampov and Russey Keo offer suitable living and working environments near the city centre.

The Phnom Penh Special Economic Zone is an example of the phasing-in of land-use to de-centralize commerce.

This is a stimulus for the city to extend westward. Development in Chroy Changvar, Kandal Province, Chbar Ampov and Russey Keo will extend in other directions.

Phnom Penh’s population growth, urban renewal and likely ongoing foreign investment offer immense opportunities. Now is a good time for you to look before everyone else does!

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.

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Moving house?

Best you use a checklist as it can be a daunting task. Not only is it an emotional journey, but you’ll have reams of admin. Here’s a checklist to help you tick off (and fill) your boxes!

Even before moving house, change your address.

• Start doing this 30 days before the move. Sometimes a phone call will do, but often you may have to provide proof of the new address to certain institutions or go into the bank, your doctor, kid’s school or Sangkat to fill in forms, so giving yourself a head start will help to shorten your to-do list.
• In some cases you may be able to receive statements and accounts by email. This cuts down on paper wastage and ensures an easier address change process.

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