Cambodia Investment Review
IPS – 3015 Sqm Riverfront Property For Sale – Chroy Changvar, Phnom Penh – $ 5,125,500 (1700/sqm)
As the capital and largest city of Cambodia, Phnom Penh is a top destination for investors looking to enter the thriving property market. With a population of over 2 million, the demand for housing and commercial properties is consistently high, making it a lucrative opportunity for investors.
One property that stands out as a particularly attractive investment is the 3015 sqm riverfront property in Chroy Changvar, Phnom Penh. Located in a rapidly developing area of the city, this property features four (4) buildings – A, B, C, and an Office Building – with a total of 28 units ranging from two to six bedrooms. The buildings are connected by paved pathways and surrounded by beautiful gardens, providing a serene and welcoming atmosphere for residents.
Read more: Majority of investors optimistic on Cambodia’s real-estate market in 2022
The property is titled and ready for immediate transfer, making it a hassle-free acquisition for investors. Its diverse range of unit sizes and layouts makes it suitable for a range of clients, from working professionals to large families. It is conveniently located just two minutes from Bayon Market, the Asia-Pacific Fredfort International School, and ABA Bank, and only six minutes from Norton University and 10 minutes from the Sunrise Japan Hospital.
Phnom Penh leading the way as a major hub for investment
In recent years, the Cambodian property market has experienced significant growth and development, with Phnom Penh leading the way as a major hub for investment. This property, with its prime location and diverse range of units, is well-positioned to capitalize on the strong demand for housing in the city. It offers investors a solid return on investment, with the potential for high occupancy rates and steady rental income.
Lead agent for the property Adam Fitzpatrick told Cambodia Investment Review it’s a beautiful property, and there are a number of buildings providing a variety of accommodations and it’s set within landscaped gardens overlooking the Mekong River. It’s also in a fantastic location, off-set from National Road 6 and essentially nestled amongst Mongkol Serei Kien Khleang Pagoda.
He added the property has the benefit of privacy and tranquillity whilst also having super access in and out of downtown Phnom Penh. The CBD is only a short drive across the Japanese Bridge, approximately 5 kilometers and 15 minutes to the Royal Railway Station.
Chroy Changvar continues its transformation
Chroy Changvar has seen significant development over recent years and it’s becoming a natural extension of the city. A flurry of local and international development projects, and competition for new ones, has seen demand for land boom, and with that so have values. It’s not just speculation either, across the industry end-user inquiries are also up and for some agents, it’s the most sought-after location in Phnom Penh.
According to the agent, there are several opportunities with this property and that’s why I think it’s so attractive, especially at this price point. It would make an awesome private residence, especially for a young family and anyone who enjoys spending time on the river. It’s also a great land play, the asset could be held, generating a modest income whilst anticipating future value enhancement as the wider area continues to develop.
“Equally it could be a boutique luxury resort, private members club or creative office campus. And of course, it could be redeveloped as high-rise luxury residential. It all depends on the appetite of the investor and their approach to analyzing their return,” Adam added.
Opportunities for foreign investors through a trustee
For foreign investors, navigating the process of purchasing landed property in Cambodia can be challenging. That’s where Stronghold Trustee comes in. As a leading company in the field of trust services, Stronghold Trustee is able to assist foreign buyers in acquiring property in a smooth and hassle-free manner, ensuring that all legal and taxation requirements are met. With their help, foreign investors can have peace of mind knowing that their investment is being handled by a reliable and trustworthy partner.
Read more: Foreign investors look to Stronghold Trustee to secure their Cambodian property investments
Overall, the 3015 sqm riverfront property in Chroy Changvar, Phnom Penh is a valuable and lucrative opportunity for both local and foreign investors looking to enter the Cambodian property market. With its hard title, a diverse range of units, prime location, and the support of reputable partners like IPS and Stronghold Trustee, it is sure to be a popular and successful addition to any investment portfolio.
Contact Adam Fitzpatrick for this or other business inquiries at +855 12 455 016