Great location 0.6-hectare cleared land parcel for sale Tuol Kork | central Phnom Penh

Details

This 0.6-hectare land now available for sale in Tuol Kork, central Phnom Penh, is located conveniently close to Russian Boulevard, TK Avenue, AEON 2 and the International Airport.

It offers an astute investor to develop a prime block of land in the centre of Phnom Penh with good access to major arterial routes.

The owner is open to all reasonable offers.

Location: Sangkat Boeung Kak 1, Khan Tuol Kork, Phnom Penh

Land details:

• Rare opportunity for a large villa, condo, office, hospital, school or supermarket project
• Located in a residential area in central TK with main road access
• Close to AEON 2, Makro and numerous boreys, condos and shopping precincts
• Clean hard title (seller will be responsible for transfer fees)

Original ID: TK1A.A2

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We have apartments, condos, office spaces for rent and sale in Phnom Penh, Siem Reap, Kampot and Sihanoukville.

About the surrounding area of Tuol Kork

Toul Kork (or TK as it is locally known) lies in the north and northwest of Phnom Penh city centre cut by Russian Boulevard from the CBD.

Now its northern area is becoming far more affluent to houses similarly priced closer to the centre of town.

Toul Kork (shortened to TK) literally means ‘ground hill’ in Khmer and includes the areas around Boeung Kak Lake and the areas further to the west.

Not being in the city, Toul Kork is good for people wanting a quiet life. It has a mix of properties on wide roads, giving it a spacious suburban feel.

Now it has a more commercial feel, joining Tonle Bassac, Daun Penh and BKK, boasting an increased number of commercial activities and is a good housing option.

Tuol Kork development:

TK has many condo developments with supermarkets, hospitals, schools, restaurants and coffee shops.

AEON Mall 2, the country’s 2nd international mall 15 minutes away.

There are many institutions and businesses in Toul Kork including RUPP, IFL, Institute of Technology, Pannasastra, Tax Dept and Ministry of Labour.

Despite many completed and ‘in construction’ high rises, villas and gated communities dominate the area, largely attracting wealthy Cambodian families wanting to live near TK Avenue.

As affluence has grown, the area has seen an increase in retail shops. TK Avenue (the first international style complex) and Phnom Penh City Centre Mall are 2 examples.

The Boeung Kak and Camko City developments also feature large scale housing and commercial spaces.

South Tuol Kork has mainly low-rise properties mostly owned and occupied by locals.

Postcode 12000 Phnom Penh real estate 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 anymore!

READ MORE

Good guide to land for sale

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.

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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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