As the commercial centre of the country as well as the capital, Phnom Penh is a very attractive option for people looking to purchase real estate in Cambodia
What should I look for when buying property in Phnom Penh?
People looking to buy real estate in Phnom Penh often consider two options – either purchasing a condo in the city, or buying in a borey, which can be quite far out of town. If you are looking at the latter, consider the travelling time to reach the city center. Phnom Penh does not have an extensive public transport system and people commuting into work can spend considerable time stuck in traffic.
This is why central locations always prove popular for people considering property for sale in Phnom Penh, Cambodia. Properties in Phnom Penh BKK1 district have always been much sought after, and will continue to hold their value. However, if you are a first time buyer or have a more modest income, looking at Phnom Penh property for sale there are several up and coming areas you could consider.
Up and coming areas in Phnom Penh
The area of Chbar Ampov just over the Monivong Bridge is a good real estate Phnom Penh option.
Similarly, the southern area of the capital along Hun Sen Boulevard is a sound bet if you are seeking real estate in Phnom Penh, Cambodia for sale. This has the added advantage of being close to the International School Phnom Penh (ISPP) campus. ISPP is one of the finest schools in the country, if quality education for your children is a major priority. A new Aeon Mall 3 is also planned to be constructed in this area, which shows exactly how up and coming it is.
The Chroy Changva peninsula towards Prek Leap is another promising Phnom Penh real estate option, especially for those looking to buy in a borey. Many major developments including those from renowned developers such as Peng Huot and Orkide Villa are either completed or under construction.
