Authentic layout corner 4 bedroom apartment for sale | 7 Makara central Phnom Penh

Details

This 4-bedroom corner apartment (2 + 2) in 7 Makara, central Phnom Penh is now available for sale, offering tremendous opportunity for an investor/renovator.

Bathed in sunlight, the corner apartment is a much loved family home for years. Its wrap around balcony has a distinct Phnom Penh charm.

It offers a pleasant lifestyle with open plan design, clean lines and comfortable furniture.

Operated successfully for Airbnb, you could live in one, while making an income with the other!

The second 80 sqm apartment (next door) is partially renovated and won’t need much to bring it up to spec. It has two bedrooms, two bathrooms and a balcony.

For the keen builder/developer, the two could make one huge 180 sqm home in the heart of the city.

Both apartments have direct street access and double security entrances, motion-activated lighting and CCTV.

4 bedroom corner apartment features:

• A/C and hot water
• Street access with double security
• Western style kitchen
• Wrap around balcony
• 150m to Norodom Boulevard
• 2 mins to Orussey Market
• Rent potential of $600 -700 / month
• 1 apartment fully renovated / 1 partially renovated
• North west aspect

Original ID: MAK.A3

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Abode Real Estate has apartments, condos, office spaces for rent or for sale in Phnom Penh, Siem Reap, Kampot and Sihanoukville.  

About Prampi Makara (7 Makara):

Prampi Makara (7th January) named after the day when Kampuchean Armed Forces and Vietnamese troops liberated the capital in 1979.

It is literally the centre of Phnom Penh. A web of narrow streets with every shop imaginable, all seemingly headed towards Orussey Market.

The real Phnom Penh, the beating heart, the raw flesh where shop owners and stall holder ply their trades.

A look up and you will see the pre-Pol Pot face of the city: the Khmer take on Modernism.

Prampi Makara is the smallest Khan in Phnom Penh. It is subdivided into 8 Sangkats and 33 Kroms (villages). It is only 2.2 km² but in 1998 had 96,192 inhabitants, making it one of the most densely populated areas in the city.

And yet, it is often overlooked.

Westerners tend to head towards Daun Penh or Chamkarmon as if nothing else matters.

The Chinese appear only to want to be in BKK 1 close to Naga World. Both ends of the investor / renter spectrum look elsewhere.

Here you can buy or rent living spaces for half the price of other areas. They will have character and the moment you step into the street, the city presents itself in its fullness.

Orussey Market watches over all – chaos by day, an eerie stillness by night.

Barely 700m north are Vattanac and Canadia Towers, 400m south west is Molyvann’s Olympic Stadium and to the immediate south BKK 1 and east, Riverside.

It is all there… waiting.

Good guide to investing in Cambodia

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.

READ ON  

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.

READ ON  

Title transfer process in brief

Step 1 – land title verification

Step 2 – title search

Step 3 (if a company is buying or selling property)

Step 4 – sign papers with MLMUPC

Step 5 – pay tax

Step 6 – sign papers with cadastral office

Step 7 – new title issued

Detailed steps HERE  

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Phnom Penh real estate market in 2021