Zero Down Payment: Chroy Changvar，a new potential district in Cambodia​ with annual rental return from 6%

Investment in a new potential area, Condos, link houses and villas with low price, zero down payment in Chroy Changva, Phnom Penh, Cambodia. It usually costs $500- $600 per month to rent a house for Chinese workers who are working in Cambodia , so it is better to buy one with zero down payment, best for living and investment.    

The four major development potentials of Chroy Changva:

Potential 1: National Key Planning Area

Potential 2: Two Main Satellite Cities

Potential 3: Four Bridges Run Through The Area

Potential 4: The Gathering of Local Borey Projects

Chroy Changva, "living on the island" and feel the potential of the "Island". 

1^st Potential: National Key Planning Area

The Cambodian government attaches great importance to the development of Chroy changva District, According to the " Phnom Penh Master Plan", Chroy Changva District will be built into a super prosperous center in Phnom Penh within five years, a beautiful and promising new high-end rich area."

According to the plan, Chroy Changva will form a new center integrating the central living area, central business district, new civil center area, high-end villa area and area of culture and sports . At present, the planning and construction of the five major districts are progressing, and many projects have been put into operation.

▲ The five major plans arranged by the Chroy Changvar Government

For commercial and municipal institutions: there are the International Convention and Exhibition Center, the Auto City, General Department of Taxation, Ministry of Culture, the Federation of Khmer Chinese in Cambodia,etc.

For culture and sports areas:a Golf Club, Safari World, Garden City Water Park and other entertainment areas have been built, and also “Morodok Techo National Stadium” ,which is set to host the 2023 Southeast Asian Games.

For high-end villa areas: many Borey, high-end villas developed by local brand developers such as Orkide, Chip Mong, Mekong, etc. are under construction, and some areas have been handed over to move in.

“Makro 3 Chroy Changva”, a large warehouse supermarket brand, it is Makro's third supermarket in Cambodia, which is officially opened at the end of November 2022, and also brought great convenience to the citizens of Chroy Changva District, especially the people who live along the National Road No. 6A. 

2^nd Potential : Two Main Satellite Cities

Phnom Penh is planned to have 7 satellite cities, and two of them are located in Chroy Changva district.

▲ Cambodia OCIC Chroy Changvar Satellite City Picture

- OCIC Chroy Changva Satellite City:

Developed by the Overseas Cambodia Investment Corporation (OCIC), it costs 1.6 billion US dollars and covers an area of more than 300 hectares. The project includes power stations, shopping centers, exhibition centers, and many other facilities such as gyms , government buildings, schools, clubs,etc. OCIC Chroy Changva Satellite City is currently under development and construction of various projects. For people who do not often travel to OCIC Chroy Changva  and National Road No.6, they may not feel the potential and the change of Chroy Changva district.

- Ly Yong Phat Satellite City:

Ly Yong Phat Satellite City is developed by Cambodia, Ly Yong Phat Group( LYP Group) , with an investment of about US $1.5 billion, it gathers commercial, tourism and other industries including commercial buildings, Garden City Golf Club (already opened), Phnom Penh Safari (already opened), Garden City Water Park (already opened), Morodok Techo National Stadium (already opened), five-star hotels (already opened) and other projects. 

Chroy Changva Satellite City developed by the Overseas Cambodia Investment Corporation (OCIC) which is under the Canadia Group and Ly Yong Phat Satellite City is developed by LYP Group. These 2 Satellite Cities in Chroy Changva District are both developed by local big groups. So it’s a kind of guarantee whether with its financial strength, undertaking strength, and operational strength. 

In recent years, with the implementation and delivery of major projects, the development of the District has been continuously revealed. According to the news, the government decided to establish the "Arey Ksat City” in Kandal Province on 23th December 2022, Arey Ksat City and Phnom Penh separated by only the Mekong River. In the long run, the Cambodian government's plans for Phnom penh and the surrounding provinces are also accelerating the process of urbanization, and the demand for infrastructure construction must be kept up.

▲ Map of the two satellite cities in Chroy Changva district

3rd Potential : Bridge

The convenience of transportation can quickly connect the new district and the old city. 

At present, there are 5 bridges in the direction of the Tonle Sap River that connect Chroy Changva District to the old city of Phnom Penh, and four of them have been put into use. 

The planning of the Cambodia-Korea Friendship Bridge has also been implemented and will start construction at the end of 2023. The Cambodia-Korea Friendship Bridge project will be constructed in two directions, one is to connect the night  market in Phnom Penh to the Chroy Changvar district across the Tonle Sap River, and the other one is to connect Chroy Changvar district to AreyKsat City across the Mekong River.

▲ Map of Cambodia- Korea Friendship Bridge

The AreyKsat City is separated from Phnom Penh by only the Mekong River, and the ferry is a means of transportation for people between the two places. The Cambodia-Korea Friendship Bridge will be the first bridge connecting the two cities. (It should be mentioned that after the Cambodian Government announced its plan to build a bridge connecting Phnom Penh to AreyKsat in 2021, land prices in the area have increased once, and now the Bridge project has been finalized, this will cause land prices in the AreyKsat area to increase again.)

▲ Map of Chroy Changva Bridge in Cambodia

1, Cambodia-Japan Friendship Bridge

Called Japan Bridge, from Tuol Sangke → Chroy Changva, has been put into use

2, New Chroy Changvar Bridge

From Chroy Changva → Tuol Sangke, built with China-aid, has been put into use

3, OCIC bridge

Bridge has been put into use temporary, 93% of the bridge has been completed, and it is expected to use before the Khmer New Year in 2023

4, Ly Yong Phat Bridge

Put into use

5, Cambodia-Korea Friendship Bridge

Under planning, construction will start at the end of 2023

4^th Potential : Local Borey

"Borey" is a huge public residential community in khmer meaning, It is a complex community mainly composed of shop houses, link houses, twin villas and single villas that are popular with local people.

▲ Map of link houses/villas project in the Chroy Changvar  district  

The projects of Borey in OCIC satellite city and National Road 6A provide a large number of townhouses and villas for the Chroy Changvar district.  

In addition, there are many high-end condominium buildings under construction and existing houses on sale near Ta Promh Roundabout. “Mekong View Tower” projects which are developed by “MekongView Properties” also supply a large number of apartments in this area.

The gathering of local Borey has improved the living stability  in Chroy Changvar district. After the completion of the bridge to AreyKsat City in the future, it will definitely attract a lot of people from Kandal Province to move to Phnom Penh and buy houses. However, the prices decrease in short-time and the improvement of infrastructure in the Chroy Changvar district will become the first choice for Cambodia's urbanization process. 

According to official news data in Cambodia, with the advancement of Cambodia's urbanization process, the population from countryside to the city will bring a certain need for housing. It is estimated that from 2015 to 2030, an average of 50000 new housing units will be needed to supply the market each year. 

In the past 2022, the transaction activity of landed residential properties (townhouses and villas) in Cambodia has increased by 80%.

New potential area - Chroy Changva, no more waiting for investment or self-living. Sources of apartment, Borey, villa with low total price, zero down payment.

Projects Recommendation in Chroy Changva with Zero Down Payment :

1. Mekong View Tower 6 (Mekong Properties)

2. Grand Condo7(Mekong Properties)

3. The Bliss Residence(Mekong Properties )

4. Orkidē The Botanic City (Orkidē Development)

5. Borey Blue Diamond

6. Borey Vimean Phnom Penh

1, Mekong View Tower 6

Project name: Mekong View Tower 6

Units types for sale: one bedroom (44 ㎡-101 ㎡), two bedroom (86 ㎡-113 ㎡)

House Condition: Existing house, only small amount of units available for sale. Some units are available for rent, 1 Bedroom rental price  $350~ $500

Price: $1460-$1780/㎡, total price from $60K

Zero down payment: 15 years loan, interest 12%/year

Payment method: Book $500, the rest will be paid in installments according to the 15-year loan method after signing the contract. 

Monthly payment: The monthly payment needs to be calculated according to the total housing price. Please consult customer service for details and get a detailed quotation after selecting a unit.

Discount: For promotion, one bedroom type can discount 3%, two bedroom type can discount 5%., 

February offers , Free home Appliances: Air Conditioning

Note:Project also provide other payment methods:

-Down payment 50% , loan 50% (interest 8.5%) 

-Down payment 10%, loan 90% (interest 11%) 

In addition, project Mekong View tower also has MekongView 1, MekongView 2, and MekongView 3 for sale. Developers have new and second-hand units with a price of $1200-$1600 per sqm, and flexible payment methods. 

2, Grand Condo7 

Project name: Grand Condo7

Units types for sale: studio (38 ㎡-52 ㎡) and two bedroom (91 ㎡)

House Condition: Existing project

Price: $1620-$1950/㎡, total price from $63K

Zero down payment: 15 years loan, interest 12%/year

Payment method: Deposit $500, after 1 week sign SPA, and the full amount of principal can be loaned up to 15 years according to the zero down payment method.  

- Monthly payment: The monthly payment needs to be calculated according to the total housing price. Please consult customer service for details and get a detailed quotation after selecting a unit.

Promotion: Studio type can discount 3%, two bedroom type can discount 5%. 

February offers: 

-free 1 air conditioner, kitchen stove and smoke extractor for studio type,

-free 3 air conditioners, kitchen stove and smoke extractor for 2 bedroom type.

Note: the project also provides other payment methods: 

- Down payment 50%, loan 50% (interest 8.5%)

- Down payment 10%, loan 90% (interest 11%) 

3, The Bliss Residence

Project name: The Bliss Residence

Units types for sale: studio (26-28 ㎡), one bedroom (38 ㎡), two bedrooms (42-48 ㎡)

House Condition: Existing project, only a small number of units available for sale. Some units are available for rent, 1 Bedroom rental price $300~$400

Price: $1345-$1600/㎡, total price only from $35K

Zero down payment: 15 years loan, interest 12%/year

Payment method: Deposit $500, after 1 week sign SPA, and the full amount of principal can be loaned up to 15 years according to the zero down payment method.  

Monthly payment: The monthly payment needs to be calculated according to the total housing price. Please consult customer service for details and get a detailed quotation after selecting a unit.

Promotion: Discount 10% for pay off and discount 5% for down payment 50%.

February offers: free air conditioners, kitchen stove and smoke extractor.

Note: the project also provides other payment methods: 

-Down payment 50% , loan 50% (interest 8.5%) 

-Down payment 10%, loan 90% (interest is 11%)

4, Orkidē The Botanic City

Project name: Orkidē The Botanic City

Units types for sale:

1, Link villa (Size 16m * 6m/ 16m * 8m/ 12.5m * 6m)

2, Twin villa (Size 21m * 10m)

3, Single villa (Size 20m * 21m)

4, Shophouse (Size 22m * 4.2m)

House Condition: Existing house

Price: from $220K

Zero down payment: 20% installments with developers for 24 months, the remaining 80% can loan with a bank.

Monthly payment: The monthly payment needs to be calculated according to the total housing price. Please consult customer service for details and give a detailed quotation after selecting a house.

Payment method: Deposit $1000 → interest-free installment for 24 months (20%)→ bank loan (80%)

Promotion: Discount 3%

Note:The interest rate, term and amount of bank loans are determined by the bank which is chosen by the customer, and the interest rate is generally 8%-12%. 

5, Borey Blue Diamond

Project name: Borey Blue Diamond

Units types for sale:

1, Shophouse (Size 18m * 4.2m)

2, Twin villa (Size 21m * 10m)

3, Single villa (Size 21m * 14m/ 24m * 20m)

House Condition: Under Construction, General Decoration

Price: $150K-$750K

Zero down payment: Pay 100% in 36 months with no interest

Other payment methods:

-Method 1: 10% pay in 2 months with no interest, 80% installment 20 months with developer with no interest, and handover pay 10% 

-Method 2: 20% installment in 20 months with no interest, 80% loan with developer or bank (interest 12% with developer)

-Method 3: 30% installment for 20 months with no interest, 70% loan with developer or bank (interest 12% with developer)

Note:The interest rate, term and amount of bank loans are determined by the bank which is chosen by the customer, and the interest rate is generally 8%-12%. 

6, Borey Vimean Phnom Penh project 11-THE EMPIRE 

▲Ruby Villa

▲Morokot Villa

▲Imperial Villa

Project name: Borey Vimean Phnom Penh

Units types for sale:

-Ruby villa (size 12.6m * 6.2m)

-Morokot villa (size 8m * 12.8m)

-Imperial villa S (size 15m * 12.5m)

-Imperial villa (size 15.5m * 13.5m)

Price: $240000-$840000

Zero down payment: Provide 5-20 years loan with interest 12% per year.

Monthly payment: The monthly payment needs to be calculated according to the total housing price. Please consult customer service for details and give a detailed quotation after selecting a room.

Other payment methods: 15% installment 20 months with no interest, 85% loan 5-20 years with interest 12% per year.

For the above projects, if customers have the ability to pay a down payment of 10-20% , they can enjoy discounts on interest rates and total price. Please consult customer service for details . 

Graphics context︱Nicole、Kangshin   Design丨Sevmeng

Editor︱Sunnie   Editor-in-Chief︱Nicole

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