Compass Real Estate > Cambodia Real Estate Information > Affordable real estate in these two districts!

Affordable real estate in these two districts!

2020-05-29
3272
0
Summary:For local home buyers, affordable apartment is their best choice.

For a long time in the past, Cambodian real estate has been dominated by foreign investors, with locals buyers only account for a small portion.

With the continuous development of the economy and the acceleration of urbanization, the quality of life of local people has improved significantly. In addition to the middle- and high-yield people, more and more people have begun to change their living concepts, moving from townhouses to apartments, especially young generation. Some modern communities with high cost performance are recognized by the local market.

Real estate industry insiders said that in the Phnom Penh real estate market, newly built apartments developer have shift to local buyers as target customer, and the project positioning is mainly based on low level products, the proportion of economic apartments has expanded, and sales have also increased steadily.

After the COVID-19 pandemic, the local demand becomes very important for foreign investors to buy a housing in the short term or be affected to varying degrees. For ordinary local buyers, affordable apartments are their first choice.

The unit price of economy apartments is around 1500-1600 US dollars, and the average selling price rises about 2% every quarter. With the expansion of demand, the supply of economic products will increase.

In addition to the consideration of price, the practicality of the house is very important when purchasing economic properties. Usually people buy houses mainly for self-occupation, and they need to measure the construction of facilities such as transportation, commerce, hospitals and schools.

For Phnom Penh, currently economic apartment with complete facility usually gathered in Sen Sok District and Chroy Chongva District.

Sen sok District is known as New Phnom Penh. Government agencies, large-size enterprises, hospitals, and international schools are gradually moving to Sen sok District, and Aeon 2 located in Sen sok District. Judging from the current construction, the area is livable, relatively close to the city center, and the housing prices are not expensive, suitable for living.

Chroy Chongva is a district with most villa and condo, and economic apartment. The regional planning is very eye-catching. At present, a satellite city is under construction, and it will become a modern image window for Phnom Penh in the future, with huge development potential. For buyers Low-cost projects in the district can be buy early, and some projects in this district have been sold out.

/public/uploads/us/image/20200529/1590745335833607.png/public/uploads/us/image/20200529/1590745360329532.png/public/uploads/us/image/20200529/1590745387133037.png/public/uploads/us/image/20200529/1590745412811430.png



  • ---------------------------------- The End ----------------------------------

Disclaimer: The re-forward articles on Compass website are for the purpose of conveying more information, and it does not mean that the Compass website agrees with its views or confirms the authenticity of its content. Article noted as "Source: Compass original", please note that the source from Compass. The content of the article is for reference only and should not consider as investment advice, and it does not mean that Compass agree with its views.

0

Latest comment
0/500
{{MemberInfoData.nickname}}
{{MemberInfoData.tel_arr[0].showtel}}
  • Rent
    {{MemberInfoData.house_num.rent}}
  • Buy
    {{MemberInfoData.house_num.buy}}
  • Land for rent
    {{MemberInfoData.house_num.land_rent}}
  • Land for sale
    {{MemberInfoData.house_num.land_buy}}
Compass customer
{{MemberInfo.show_company_name}}
{{showTime.show_time}} active
Image is being sent:
Message loading
Message failed to load, click to try again
{{emoji.emoji}}
OBTAIN
Send a business card to{{ taname }}
Start sending
Cancel
No recent contacts
  • {{ind.unreadMessageCount}}
    {{ind.nickname}}
    {{ind.sentTime | time}}
    [图片]
    [语音]
    [视频]
  • Recent contacts are loading
  • {{item.nickname}}
{{send_title}}
  • {{follow.house_name}}
    {{follow.house_province}} {{follow.house_city}}
    {{follow.currency_price_sold_price.start}}{{follow.currency_price_sold_price.mid}}{{follow.currency_price_sold_price.end}}
Selected({{checked_length}}/3)