Luxury 2 bedroom condo for sale | Mekong River Chroy Changvar

Details

This new Mekong River 2 bedroom condo (completion end 2022) is now available for sale, offering a good long term investment opportunity.

Located in Chroy Changvar, this 220m condo will be a Mekong landmark with a rooftop helipad, multi level luxury sky club and marina.

The five buildings in a U-shape on 2.4 hectares will have a total floor area of 400,000 sqm. They will have gardens and water features of 10,000 sqm and a 200m river promenade.

The master plan has allowed generous spaces between buildings to ensure light and privacy for all apartments.

Two buildings have 48 floors while the other three have 54 floors. Building 2 is on sale now!

With a commercial centre and other amenities, this condo will offer unique living for all to enjoy.

Being in Chroy Changvar, residents can share the local advantages:

• Quality education options (Norton Uni, Royal Uni of Fine Art, and AIS)
• Top medical facilities (Sunrise Japan and Calmette hospitals)
• Leisure options (Safari World, water parks, Sokha Hotel and more)
• Sporting venues (under construction for the 2023 SE Asian Games)
• Nearby attractions (AEON Mall, Yang’s Shopping Centre, and Riverside)

Mekong condo for sale features:

• Strata (foreigner friendly) hard title
• 2 swimming pools
• Fitness Centre with steam, sauna and tennis courts
• Large gardens
• Sky Bar and private club facilities
• Management fees: $1.20/sqm for condos / $1.80/sqm for penthouse
• Back up generator
• 24 hour security and secure parking

Original ID: CC.MN2

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

Chroy Changvar: the forgotten, the outlying and the expanding

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

Cambodia’s rate of urbanisation is lower than expected for its GDP as countries with similar GDP (Bangladesh and Kyrgyzstan) have urbanization rates closer to 35%.

Cambodia has 21% of its people already living in urban areas and, by 2050, this is expected to rise to 36%.

Phnom Penh has seen significant growth and now has 2 million residents and 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.

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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Good guide to investing

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.

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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:

• 10-year unlimited entry / exit visa
• After 5 years, eligibility to apply for a Cambodian passport
• Ongoing enjoyment of the advantages of the ASEAN network.

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