Super new 3-bedroom penthouse apartment for sale Chroy Changvar | Phnom Penh

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Completed in 2017, this 3-bedroom penthouse apartment with amazing city and river views is now available for sale in Chroy Changvar, soon-to-be central Phnom Penh.

Set in a prime location over the Tonle Sap and Mekong rivers, this iconic, 12-story building is surrounded by low to medium-high structures, giving its lucky occupants sweeping views of Kandal Province and the city itself.

Chroy Changvar is pitched to be the next premium property hotspot, but bargains like this can still be snapped.

This project offers luxury amenities and design concepts combined with top-class facilities at a fraction of the price of similar condos in central Phnom Penh.

The location is away from the hustle and bustle of city life also and allows residents to enjoy the fresh air, peace, quiet and serenity of an almost rural setting.

Central Phnom Penh takes a mere 10 minutes across the Japanese-Cambodia Friendship Bridge with National Road 6 about 1km away.

Original ID: CC.VT2

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Mekong River bridge grand options

Areyksat is facing significant development as the South Korean Ambassador indicated that his government is exploring options of a Mekong River bridge to connect Phnom Penh to Kandal Province.

The spin offs for Chroy Changvar are clearly enormous as the city’s centre of gravity shifts eastwards.

Areyksat will develop significantly as the South Korean government explores options of a Mekong River bridge to connect Phnom Penh to Kandal Province.

Areyksat, on the eastern bank of the Mekong, is mooted to fall under the jurisdiction of Phnom Penh.

As part of the plan, it will become a satellite city with shopping malls, residential, commercial, leisure and entertainment precincts.

Technical teams researched numerous potential sites at Chroy Changvar and/or at Daun Penh’s Riverside to connect with Kandal Province.

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Chroy Changvar: forgotten, outlying, expanding

According to the World Bank successful economies are highly urban. Countries with similar GDP to Cambodia (e.g. Bangladesh and Kyrgyzstan) have rates at 35%.

In Cambodia 21% are in urban areas, predicted to rise to 36% by 2050. Phnom Penh has 2 million+ people and the nation’s fastest growing city.

Good planning is helping mitigate congestion and locations previously overlooked are now getting more attention. Areas like Chroy Changvar offer suitable living environments near the city centre.

Chroy Changvar Bridge reopened in 2019 following renovations. Crossing the Tonle Sap River, it connects with Daun Penh. 971m long and 13.8m wide, built in 1963 with a grant from Japan.

Now fully functional, Chroy Changvar is now much closer to the city centre.

Special Economic Zones show how phased decentralized land-use helps the city extend.

Development in Kandal Province, Chbar Ampov and Russey Keo are doing similar.

Phnom Penh’s growth and continued investment offer good opportunities. Now is a good time for you to look before everyone else does!

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. READ MORE

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. READ MORE

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 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.

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