Phnom Penh’s Central Business Districts
Seaps real estate is your reliable service. Phnom Penh Central Business Districts. Cambodia receives high profits on real estate industry in Asia. The percentage from real estate is 5,33%.
The development of Phnom Penh’s suburbs has been ongoing endeavor for the city’s urban planners, developers and other investors long before the pandemic.
Prices in the city center and adjacent districts have risen steadily over the past half-decade.
What are the Central Business Districts in Phnom Penh?
While there are no official distinctions on what the city’s Central Business Districts (CBDs), the de facto areas considered CBDs are Phnom Penh’s Core District: Daun Penh, Beoung Keng kang, Toul Kork, Chamkamon, 7 Makara.
Being on the ground in the capital city, one can easily see that these districts are much more developed in terms of concrete roads, sidewalks (some areas) and towering buildings where big multinational corporations, financial institutions, bank, law firms and government offices are located.
What are suburbs of Phnom Penh?
The suburbs of Phnom Penh do not different too much from how one world expect a suburb would be. These areas are considered as suburbs of Phnom Penh: Chroy Cangvar, Russey Keo, Sek Sok, Porsenchey, Kamboul, Meanchey, Chpa Ampov, Dangkao, Prekpov etc.
The rise of Phnom Penh’s suburbs has been gradual and considered endeavor from the city’s urban planners, and private developers.
Commercial developers are also looking outside of Phnom Penh for business expansions. The suggestion areas for business sectors who plan to expand their business should be on National Road 51/ 41, Takmao, Prekpnov, Toul Pongra, Arey ksat and national road 3.
Where is the best place to live in Phnom Penh?
For those looking to be in the middle of all the city’s happenings, the Central Business Districts, or inner districts would be the best place to live.
On the other hands if you’re someone who prefers a quiet life away from hustle and bustle of the city, the suburbs might literally be you alley.
Home in the suburbs additionally have wider living space compared to the city, hence being the choice for many Cambodian families.
What is the land price in suburb areas?
Phnom Penh’s outward development is continuing to drive land prices up in the outer district.
Prek Pnov, one of Phnom Penh’s Northern districts, is seeing land prices rise recently. Sale activity in the area increased by 60% compared to the same period in 2021. The district is seeing underdeveloped properties beingconverted to additional road infrastructure and various residential and commercial projects.
Some areas, especially those closer to Phnom Penh city property have gone up as high $800 to $1000/ sqm. While areas further out are now $300 to $500 each.
Land to smaller roads are also reportely being offered anywhere from $100 to $200 per square meter.
Can a foreigner buy a property in suburbs or in central districts in Phnom Penh?
Foreigner can 100% own a freehold strata-tilte property in Cambodia. Foreigner can only own on the first floor or higher, not the ground floor up to 70% of any one building, however this only applies to buildings with a strata title.
To read more, click here.
Please let SEAPS Real Estate Assists you to find the best property in Cambodia.
If you are looking for a TRUSTED Real Estate Service Agent, you come to the right place. SEAPS Real Estate Services can help you listing your properties and find more clients for you. We are in real estate service for more than 10 years.
If you are looking for the best property to rent or to buy in Cambodia, please contact us
English 099 812 539
Khmer 078 265 175
To learn more about SEAPS Real Estate, Please click here.