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The year 2021 has been a tumultuous year for Cambodia's property market but that has not deterred investors from looking up deals on Realestate.com.kh. Supplied.
Much of the real estate market would agree that it has seen better days than 2021. The year marked the only major spike in cases and forced much of the country, especially Phnom Penh, into a lockdown. Despite the difficulties, the Cambodian real estate market managed to continue its activity by focusing its marketing efforts towards the local market.
Realestate.com.kh, Cambodia’s largest real estate classifieds portal, hosts over 30,000 property listings from bare land, shophouses, villas, borey properties, condominium units, office spaces, and mixed-use developments from all over the country. And given Phnom Penh is at the epicenter of the Kingdom’s continued market activity, we are taking a look at which districts in the capital city have received the most attention from online property seekers in 2021.
Chamkarmon
The south-central district of Chamkarmon is one of the biggest and more developed districts in the capital. The district was the most searched area over 2021 for its proximity to both the Central Business Districts (Daun Penh and BKK1) and upcoming areas like Meanchey and Chbar Ampov.
Chamkarmon is also known to have a variety of new and resale properties ranging from shophouses to condominiums. This makes it a hub for property buyers and renters to hunt for great deals while not being too far away from the city centre.
Most search properties (sale and rent) in Chamkarmon:
- Apartments/Condos
- Landed houses
- Commercial properties
- Land properties
Its numerous shops, restaurants, cafes, schools, markets, malls and even offices make it an ideal area for both locals, expatriates and tourists to stay in/visit. Chamkarmon strikes a good balance between location and price, solidifying its hold on the top spot for 2021’s most searched district for properties in Phnom Penh.
Beoung Keng Kang
Boeung Keng Kang (BKK) comes a close second to Chamkarmon. This other south-central district was once part of Chamkarmon but has since been made its own district in 2019. Much like its former parent district, it hosts a variety of properties available for sale and rent. Also worth noting that much of the attention in BKK is directed towards the BKK1 subdistrict.
Its subdistrict of BKK1 is considered to be the other CBD in Phnom Penh for its many offices, embassies, shops, restaurants, cafes, and premium high-rise residential properties.
Most search properties (sale and rent) in Boeung Keng Kang:
- Apartments/Condos
- Landed houses
- Commercial properties
- Land properties
Many often forget that BKK is much larger than BKK1. Other districts such as BKK2 and BKK3 offer their own selection of properties close to downtown and adjacent to developing districts like Meanchey, Por Sen Chey and Sen Sok. Throughout 2021, the BKK district traded places with Chamkarmon as the most searched district for properties in Phnom Penh.
Daun Penh
Daun Penh, the de-facto CBD of the city, is the most developed district in Phnom Penh. It is where most banks and multinational companies are headquartered. Major tourist attractions are also located in Daun Penh such as the Royal Palace and the Riverside area, frequented by many tourists and expatriates.
Despite its seemingly business façade, there are still residential properties in Daun Penh in the form of shophouses and villas scattered throughout the district supported by several markets. It is worth noting that these properties are now considered one of the most expensive in Phnom Penh.
Most search properties (sale and rent) in Daun Penh:
- Apartments/Condos
- Landed houses
- Commercial properties
- Land properties
Daun Penh prices are among the highest in Phnom Penh due to its central location and complete set of urban amenities. It has largely remained in the Top 5 for most of 2021, only losing its spot during the height of the pandemic.
Chroy Changvar
Chroy Changvar, one of Phnom Penh’s peninsular districts, is touted as the upcoming district in the next 5 years. It’s a hotspot of residential and commercial developments driven by Phnom Penh’s outward expansion.
But the attention Chroy Changvar enjoys today wasn’t always there. Just half a decade ago, the peninsular district was just another rural area with very little going on. But as prices in central Phnom Penh rose and the suburban lifestyle started to take hold, the district received significant attention from buyers and property developers resulting in considerable price increases in Chroy Changvar.
Most search properties (sale and rent) in Chroy Changvar:
- Landed houses
- Apartments/Condos
- Land properties
- Commercial properties
Chroy Changvar’s promise of development is all well and good from a property investment perspective. But it is also worth noting that Chroy Changvar enjoys a natural breeze as it's a peninsular district flanked by the Tonle Sap and Mekong Rivers. And this riverside view is something that will keep Chroy Changvar on the map of Phnom Penh’s suburban residents for years to come.
Sen Sok
Sen Sok is one of the largest districts in Phnom Penh in terms of land size and is notable for a district seeing the most development in terms of residential and commercial projects in recent years. Data from Realestate.com.kh shows that it is the district with the highest number of searches for landed property in Phnom Penh.
Most search properties (sale and rent) in Sen Sok:
- Landed houses
- Apartments/Condos
- Land properties
- Commercial properties
Sen Sok’s vast flatlands have made it one of the hottest development spots in the past few years as made evident by boreys, condos, commercial centres, and shopping malls popping up in the area. The chief example is the AEON Mall 2, the largest purpose-built shopping mall in Cambodia to date.
Property prices in Sen Sok, while relatively lower than more centrally located districts, have started picking up due to the continued development in the district.
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