2024-11-26 UPDATED
USD 169,793 ~ 373,852
Wealth Mansion
Chroy Changvar Phnom Penh Cambodia
40.69 ~ 95.03 ㎡ 1 ~ 3 Bedrooms
Type of Property | Condominium / Apartment |
---|---|
Access | A 40-minute drive to Phnom Penh International Airport |
Total Levels | 45-Story |
Built in | 2024 |
Total Units | 1068 |
Immediate Move-in | No |
Expected Move In Date | June 2025 |
Size | 40.69 ~ 95.03 sqm(㎡) / 437.98 ~ 1022.89 sqf |
Land Rights | Freehold |
Floor plans
1bed
- 58.06㎡
- 1
3bed
- 95.03㎡
- 3
2bed
- 92.34㎡
- 2
Studio
- 40.69㎡
- 1
Description
【Property Introduction】
This property is a large-scale project located in Chroy Changvar, an emerging area in Cambodia’s capital, Phnom Penh.
Chroy Changvar is a developing area undergoing national urban planning, including new government facilities and a planned bridge connecting it to the area near the Royal Palace. Situated just one minute from the Japan-Cambodia Friendship Bridge, which serves as the gateway to Chroy Changvar, this property offers excellent access to the city center while thriving as a suburban residential area. Due to the area's rapid development, with its population doubling in the past decade, this property is also expected to hold significant asset value.
This large-scale project comprises a total of 1,068 units in a 45-story building. The property boasts extensive shared facilities, including a gym, bar, badminton court, and one of Cambodia’s largest rooftop pools, spanning 1,100 sqm. Additionally, its sky bar, offering panoramic views of the heart of Cambodia, stands out as a key feature.
【Average Yield】
The property offers a guaranteed rental yield of 8% annually for five years after purchase. After this initial period, buyers can choose between an additional 5-year rental yield guarantee of 8% or a buyback guarantee at 100% of the purchase price. This ensures a minimum return of 140% over five years with rental and buyback guarantees, or an 8% yield over 10 years, promising a high return on investment.
【Surrounding Environment】
・2 minutes by car to Sunrise Japan Hospital
・Approximately 15 minutes by car to key areas like Boeung Keng Kang (BKK) and Toul Kork, the central districts of Phnom Penh
The property is conveniently located within a 3-minute drive of amenities like Starbucks, 7-Eleven, and MaxValu (an AEON affiliate), making everyday shopping highly accessible. It also offers excellent access to Phnom Penh’s key areas, including Boeung Keng Kang and Toul Kork.
【Real Estate Prices and Growth in the Surrounding Area】
As of 2023, Phnom Penh’s population exceeds 2 million and is projected to continue growing. With a large proportion of young people and ongoing urbanization, demand for residential and commercial spaces remains high. By 2035, the population is expected to reach 6 million, driving increased labor force supply and expanding demand in sectors such as services and manufacturing.
The rising demand for office and commercial spaces is supported by ongoing infrastructure development and urban planning. Consequently, particularly in Phnom Penh's central and emerging areas, new developments are advancing, fueling expectations for further urban growth.
Developer information
Everhealth International Investment and Development Co.,LtD.
Everhealth International Investment and Development Co., Ltd. was established as a subsidiary for its first project in Cambodia by its parent company, Changjian Group, based in China. The parent company, Changjian Group, is a conglomerate with 12 wholly-owned subsidiaries and assets exceeding 20 billion yen. Its primary business activities include infrastructure development, concrete manufacturing, and renewable energy projects.