Luxury 3-bedroom Peninsula condo apartment for sale Chroy Changvar

Details

This brand new 3-bedroom luxury Chroy Changvar Peninsula condo with Mekong River views is now available for sale in a desirable location only minutes to the city.

All units fully furnished including sanitary wares, cabinetry and appliances.

Standard units have storage rooms, a timeless design and capture light and superb views.

Condo features:

• Free carparking with car elevator
• 24-hour concierge / security
• 4 passenger elevators
• A/C and hot water throughout
• Large fitness centre
• Roof top infinity pool and terrace
• Children’s’ pool and playroom
• Conference room
• Private dining / function room with large terrace
• Games room
• Reception area
• Ground floor café in garden setting
• Minutes to French and US embassies
• New shopping centres nearby

Original ID: CCP1.A5

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Chroy Changvar : forgotten, outlying, expanding

According to World Bank’s 2017 report ‘Urban Development in Phnom Penh’, successful economies have high levels of urbanisation, such as Cambodia.

21% of its people are already living in urban areas. By 2050 this is expected to rise to 36%.

Cambodia’s rate of urbanisation is lower than expected for its GDP and it is expected to rise.

Countries with similar GDP (Bangladesh and Kyrgyzstan) have urbanization rates closer to 35%.

Phnom Penh has seen significant growth and now has 2 million residents. It is the largest and fastest growing city in the country, serving as a gateway to the global economy.

The need for robust urban planning to mitigate growing congestion is becoming more critical in this fast-changing city.

So, it comes as no surprise that locations often overlooked when buying or renting are getting more attention.

Areas like Kandal Province, Chroy Changvar, Chbar Ampov and Russey Keo are offering suitable living and working environments not far from the centre of town.

The Phnom Penh Special Economic Zone (PPSEZ) is an example of the phasing-in of a land-use plan to de-centralise the city’s commercial activities.

This could be a stimulus for the city to extend westward.

Similarly, infrastructure development in Chroy Changvar, Kandal Province, Chbar Ampov and Russey Keo will stretch the city limits in easterly, northerly and westerly directions.

Phnom Penh’s projected population growth, gentrification and foreseeably ongoing foreign investment offer virtually unparalleled opportunities.

It is probably a good time to look before everyone sees.

Our guide to paying bills:

Abode guide to paying utility bills… why bother?

Abode Real Estate receives many inquiries about the process of paying bills in Phnom Penh, so here is a quick 2022 guide to help you.

Click to view Abode Real Estate guide to paying utility bills

1. Pay bills on time. Reconnections are time consuming and costly
2. Check addresses and account names are correct before paying
3. Be familiar with where bills are placed – sometimes you will find them in unusual places!
4. EDC bills are issued every month on the same date, so keep a lookout!
5. Water bills are issued every 2 months – again keep a lookout for them
6. Once a bill’s due date expired you cannot pay by App, instead, you have a few days’ grace to pay in the offices (see slides 2 & 3).
7. Bills can be paid at Wing outlets (almost on every street)
8. It may be a good idea to pay extra on your water bill to avoid disconnections
9. EDC reconnections usually take <2 working days and cost $2.50
10. Water reconnections usually take <2 working days $15.25
11. Don’t expect action on weekends and certainly not on holidays
12. EDC website: https://www.edc.com.kh/index.php
13. PPWSA website: http://www.ppwsa.com.kh/en/

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