Renovated 3-bedroom villa in beautiful garden setting for rent | Chroy Changvar

Details

Located about 500m from Sokha Hotel, Chroy Changvar is this large 3-bedroom Khmer-style villa in a lovely garden setting for rent.

It is conveniently close to the Cambodia-Japan Friendship Bridge and is located on a quiet street, currently serving as a family home on a good-sized block.

Being updated to European standards, this lovely home combines the delightful style of Khmer building with modern living expectations.

This area is becoming more attractive for investors to develop condo projects, hotels, apartments, guesthouses, restaurants, etc… so more shops and conveniences are on the way!

There are many good quality international schools in the area, as well as Norton University, restaurants, shops, entertainment, showrooms, and hotels.

Villa features:

• Great location with good ROI on a quiet residential street
• Land size 12m x 32m
• Western-style kitchen and bathrooms
• Deposit 2 months and minimum lease contract 12 months
• Electricity and water (State rates)
• Large land block with beautiful tropical gardens
• Khmer-style home with natural light and ventilation
• Non-flooding with lots of off-street parking
• Separate guard house and perimeter razor-wire security

Original ID: CCV.B1

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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!

2022 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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Renting made easy

Phnom Penh real estate, especially the rental market, is not easy to navigate around as there’s a lot on offer and prices vary depending on where, when and what you are looking for.

The city offers a range of properties, so it is important you know what is available.

Covid made things difficult for everyone and all over Phnom Penh, people started negotiating heavily.

Although there is some residual goodwill, much has gone and prices are now close to pre-pandemic levels. Don’t expect real estate miracles any more!

There are essentially four types of rental options (Khmer style shop house, renovated shop house, western apartment, condo / serviced apartment) each with a distinct feature and price tag, depending on location…

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