Freestanding borey villa opportunity for sale | Kandal Phnom Penh

Details

This is a great opportunity for sale – an unfinished 4 bedroom freestanding borey villa in brand new development with paved roads, located on the Kandal Phnom Penh border.

Get in early and beat the crowd!

The property (currently registered as soft title) can be transferred easily and cheaply to hard title. The total newly subdivided land size is: 10m wide x 20m deep and the house has a floor area of 150sqm on three levels.

The property has 3 floors with the ground floor being a large living space and the 1st & 2nd floors housing 4 bedrooms and bathrooms. Road 20A, being widened now, meets the front of the subdivision.

A builder has provided an approximate price of $20,000 for the build completion, although this can vary depending on personal needs.

Original ID: KAN.A5

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Kandal: forgotten, outlying, expanding

Kandal, once forgotten and outlying, is now expanding with good living and working alternatives close to the city centre.

According to the World Bank, healthy economies are highly urban. Nations with similar GDP to Cambodia (e.g. Bangladesh) have a rate around 35%.

Cambodia’s is just over 20% and expected to be 36% by 2050.

Phnom Penh has seen massive growth recently. It now has 2 million+ residents, making it the largest and fastest growing city in the country.

Better planning is helping mitigate congestion and make the city a more apt gateway to the world. Areas ignored in the past are now attractive.

PPSEZ is an example of phased land use to decentralise commerce and stimulus for the city to extend west.

Other new growth in Kandal will stretch the city limits east, north and west. Phnom Penh’s projected growth and ongoing investment offer great opportunities.

This is a good time to look before everyone else does!

A short history of the villa in Phnom Penh

Phnom Penh was previously known as Krong Chaktomuk Serei Mongkol (‘City of the Brahma’s Faces’).

Loosely translated as “the place of four rivers giving happiness and success to the Khmer Kingdom, the highest leader as well as unconquerable city of the God Indra of the great kingdom”.

It was later shortened to Krong Chaktomuk (City of Four Faces), then Phnom Penh.

Phnom Penh was an important hub for French colonialists. Its wide roads, beautiful gardens and grand villas and colonial mansions earned it the undisputed title ‘Pearl of Asia’ in the 1920s.

From this time, the city expanded rapidly.

Chaktomuk is located in Daun Penh; an area under transformation with countless new developments and infrastructure upgrades.

It is a culturally significant area with its landmarks like Wat Botum Park, Botumvatey Pagoda and Independence Monument.

It is also very popular for its many restaurants, cafes, embassies, NGO offices, and boutique hotels. READ ON

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.

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 MORE

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