The 7 new projects in the first half of 2023, who will become the future sales champion?

Halfway through 2023, how is the real estate market in Cambodia?

Since 2020, the global real estate market has experienced a crisis, Vietnam, South Korea, mainland China... more and more projects are collapsed.

Cambodia’s real estate market has performed relatively well and is still recovering slowly this year. However, under the rapid development of national infrastructure, some good news comes from the real estate market from time to time, including the construction of large shopping malls and stable land prices.

And of course, numerous of new projects have entered the market one after another.

Today, Compass real estate will make a collection of those new products in Cambodia's real estate market that are worth investing in this year.

01

⋇⊶⊰ Chroy Changvar Garden ⊱⊷⋇

● Project Opening time: February 2023

● Project Location: Chroy Changvar Satellite City, Phnom Penh

● Project News: Booking only $5, xxx to 1%, and get discount up to 7% immediately

Chroy Changvar Garden, developed by OCIC, it is a high-end residential project in Chroy Changvar Satellite City, including single premium villas, twin villas, link villas, commercial villas and luxury 5-storeys commercial buildings. Project covers an area of 13.5 hectares.

The project is surrounded by CamTech University and the new campus of Royal University of Fine Arts under development, as well as gardens, entertainment centers, wedding halls, restaurants, and other public facilities & services…which improve the quality of your daily life.

02

⋇⊶⊰ Mean Chey Residences ⊱⊷⋇

● Project Opening time: February 2023

● Project Location: Hun Sen Blvd, Phnom Penh

This project is developed by RoseMarvel Real Estate Development Co., Ltd., with a development scale of about 20 hectares, covering various villas and shophouses. Children's playgrounds, parks, jogging paths, and outdoor gyms will be built in the community.

03

⋇⊶⊰ Kiripark Residence & Resort ⊱⊷⋇

● Project Opening time: Pre-sale started in March 2023

● Project Location: Kampong Seila, Sihanoukville

● Project News: Special price now only $1xx,xxx (price will increase soon). Project's offers include: full set of furniture, 100% hard title, discounts up to $20,000, 5-year leaseback and buyback services, 24-month installment with no interest.

Kiripark Residence & Resort is the largest vacation villa project between Phnom Penh and Sihanoukville. You can travel on the Phnom Penh-Sihanoukville Expressway in just 1 hour and a half to the project, and from the project to Sihanoukville only 30 minutes.

Kiripark Residence & Resort is located on a mountain range, with beautiful forest, sunset and natural lake views. The project not only builds residence villas, but it will also create the first large-scale natural resort integrating service, entertainment and family leisure.

04

⋇⊶⊰ Green palace condominium ⊱⊷⋇

● Project Opening time: April 2023

● Project Location: Toul Kork, Phnom Penh

● Project News: Green palace condominium has type studio to 2BR for sale, price from $7x,xxx,  discount 8%-15%,  provide various payment options, including installment for 15 months.

Green palace condominium is a high-end condo project located at the junction of Toul Kork District and Phnom Penh Commercial Center (PPCC), with hard title property rights. Project facilities include top private club, sky swimming pool, gym, conference hall, banquet hall, coffee shop, etc.

05

⋇⊶⊰ J-Tower 3 ⊱⊷⋇

● Project Opening time: on pre-sale now

● Project Location: Boeng Keng Kang (BKK), Phnom Penh

● Project News: J-Tower 3 is on pre-sale now, come with VIP 3Bed unit, size 166㎡-178㎡, price from $14XX㎡(Gross). Down payment 15%, provide installment 60months with no interest.

J-TOWER 3 is the fifth project in Phnom Penh by Japanese developer Tanichu Assets Co., Ltd, with a building height of 77 floors and 310.5 meters, it has become the highest landmark in Phnom Penh. The interior of the building is designed with full-featured high-end facilities. Parking lot is on the 2nd to 10th floors, the service facilities include reception desk, playground, sky garden, gym, indoor pool, children's pool, sauna, spa, coffee shop, public lobby, sky bar, infinity pool, etc.

06

⋇⊶⊰ Borey Chankiri 2 ⊱⊷⋇

● Project Opening time: June 2023

● Project Location: National Road 2

Borey Chankiri 2 is a new residential and shophouse development by Urbanland, covering a area of 7.5 hectares. It is a riverfront residential and shophouse development inspired by nature, focus on green land and parks, creating a comfortable community and peaceful living atmosphere for residents.

07

⋇⊶⊰ Picasso 2 ⊱⊷⋇

● Project Opening time: Pending

● Project Location: Boeng Keng Kang (BKK), Phnom Penh

Currently, a fence printed with Picasso 2 appeared at street 157 and 282 of BKK 1 area. It shows that project Picasso 2 has officially landed here and get great attention in the market.

Although Cambodian real estate market is not very active at present, it will still bring surprises with many new projects have been launched one after another. Who will be the future sales champion? Compass real estate will also continue to pay attention.

In addition to the above, are there any other projects that you pay special attention to?