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Want to Buy Real Estate in Cambodia? Write a Request in WhatsApp and We Will Find the Best Options For You. Everyone Buys From Us!

Read the beginning in Part 1.

Part 2: Phnom Penh.

Introduction:

Discovering Phnom Penh: Where Tradition Meets Modernity.

Nestled along the banks of the Tonlé Sap and Mekong Rivers, Phnom Penh, the vibrant capital of Cambodia, beckons with a captivating blend of history, culture, and contemporary living. As the beating heart of this Southeast Asian gem, Phnom Penh invites travelers and residents alike to explore its rich tapestry of experiences.

A Glimpse of the Past.

Phnom Penh’s story unfolds against a backdrop of ancient temples, French colonial architecture, and bustling markets. The Royal Palace, with its gilded spires and lush gardens, stands as a testament to Cambodia’s enduring monarchy. Nearby, the Silver Pagoda houses a dazzling collection of Buddha statues adorned with precious gems.

Modern Marvels.

But Phnom Penh isn’t merely a relic of the past. It’s a city in motion, embracing progress while honoring its roots. High - rise towers punctuate the skyline, housing luxury condos, chic boutiques, and international restaurants. The Le Conde BKK1 and Diamond Bay Gardens beckon with panoramic views and contemporary amenities, perfect for young professionals seeking urban sophistication.

Cultural Treasures.

The National Museum of Cambodia, with its Khmer art and ancient artifacts, offers a glimpse into the country’s artistic heritage. Meanwhile, the Tuol Sleng Genocide Museum stands as a somber reminder of Cambodia’s tragic past - a place where visitors pay homage to the victims of the Khmer Rouge regime.

Life by the Riverside.

Stroll along the riverside promenade, where locals gather to watch the sunset, savor street food, and share stories. The Night Markets - Russian Market and Central Market - come alive after dark, offering textiles, handicrafts, and tantalizing flavors.

Entertainment Extravaganza.

For entertainment, NABA Theatre @ Naga2 hosts mesmerizing shows, while the city’s burgeoning arts scene thrives at SpeakEasy Theatre. Whether you’re into live music, theater, or stand-up comedy, Phnom Penh delivers.

A Place to Call Home.

Phnom Penh’s real estate market caters to diverse tastes. From riverside condos with skyline views to family - friendly neighborhoods, there’s something for everyone. Royal Phnom Penh Hospital ensures quality healthcare, while the expanding infrastructure promises convenience.

A City of Promise.

As Cambodia’s expat community grows, Phnom Penh welcomes families, couples, young professionals, and retirees. It’s a city where tradition meets modernity, where the past intertwines with the future - a place to explore, create, and call home.

So come, wander the streets, savor the flavors, and discover the soul of Phnom Penh - a city that invites you to write your own chapter in its ever - evolving story.

Chapter 1: Phnom Penh is the capital of Cambodia.

Real Estate Group offers details about Phnom Penh, the bustling capital of Cambodia.

Phnom Penh: The Heart of Cambodia.

Location and Boundaries:

• Geography: Phnom Penh is situated in the southern part of Cambodia, along the banks of the Tonlé Sap River and the Mekong River.
• Territory: The city covers an area of approximately 692.46 square kilometers.
• Administrative Divisions:
  • Phnom Penh is subdivided into 14 administrative divisions called “khans” (sections).
  • These khans are further divided into 105 “sangkats” (urban districts), which are then subdivided into 953 “phums” (villages).

Infrastructure and Transportation:

1. Transportation System:

• Roads: Phnom Penh has an extensive road network connecting it to other parts of Cambodia. Major highways and expressways facilitate transportation.
• Public Buses: Public bus services were introduced in 2014, providing an affordable and accessible mode of transportation for residents and visitors.
• Water Taxis: Since 2018, water taxi services have been operational, offering an alternative way to navigate the city via its rivers and waterways.

2. Phnom Penh Logistics Center:

• A significant initiative in collaboration with the Singapore-based logistics giant, YCH Group.
• Envisioned as a major logistics hub, this center aims to enhance efficiency in transport and logistics.
• The project involves a substantial investment of $200 million.

3. Comprehensive Master Plan on Transport and Logistics (2023-2033):

• Approved by the Royal Government in August 2023.
• Encompasses a staggering 174 projects.
• Projected financial requirement: Nearly $40 billion over the next decade.
• Funding Approach: Capital will come from the private sector and development partners through mechanisms like Build-Operate-Transfer (BOT) and Public-Private Partnership (PPP) agreements.
• Goal: Elevate Cambodia’s stature as an attractive hub for investors and create substantial employment opportunities for the local population.

Population (as of 2023):

• Phnom Penh had a population of approximately 2,281,000 people.
• As the capital and largest city, Phnom Penh continues to grow and evolve, attracting residents and businesses alike.

Phnom Penh’s dynamic blend of history, culture, and modern development makes it a captivating destination and a vital economic center in Cambodia.

Chapter 2: Public Safety in Phnom Penh.

Real Estate Group proposes to examine the public safety situation in Phnom Penh, Cambodia based on available data for 2023-2024:

1. Overall Safety:

• Safety Index: Phnom Penh has a medium safety rating, making it relatively safe for travelers.
• While not as dangerous as some other capital cities, it’s essential to exercise caution and stick to well-marked paths.

2. Transport and Taxis:

• High Risk: Public transport (trains and buses) poses significant risks, especially in crowded areas.
• Chaotic Traffic: Traffic in Phnom Penh can be chaotic, with little adherence to traffic signs. Consider avoiding driving if possible.

3. Pickpocketing and Bag Snatching:

• Medium Risk: Bag snatching and pickpocketing are real problems.
• Targets: Both tourists and locals are vulnerable.
• Hotspots: Thieves frequent popular markets, tourist sites, and crowded streets.

4. Natural Disasters:

• Medium Risk: Cambodia experiences typhoons, flooding, and tsunamis, particularly during the monsoon season.
• No Volcanoes or Earthquakes: Fortunately, there’s no threat of erupting volcanoes or earthquakes.

5. Mugging and Kidnapping:

• Medium Risk: While recent records show no kidnappings or muggings, it’s essential to avoid remote areas and walking alone at night.

6. Terrorism:

• Low Risk: Cambodia is not under a specific terrorist threat. However, vigilance is necessary everywhere.

7. Scams:

• Medium Risk: Scammers target tourists, employing various tactics:
  • Unlocking rented motorbikes with a copy of the key.
  • Providing fake or damaged banknotes.
  • Overcharging for rides.

8. Women Travelers:

• Medium Risk: Phnom Penh is safer for female travelers than Siem Reap (where sexual assaults have occurred).
• Caution: Women should avoid using tuk-tuks alone at night and be wary of empty or suspicious streets.

In summary, while Phnom Penh offers cultural and historical attractions, travelers should remain vigilant, secure their belongings, and be aware of potential risks.

Chapter 3: Phnom Penh Business Life.

Real Estate Group offers an exploration of the business landscape of Phnom Penh, Cambodia, including prominent office buildings, government organizations, and major employers:

1. Norodom Business Tower:

• A mixed-use tower located in Phnom Penh.
• Features a Grade-A office space and the first Pan Pacific Hotel in the city.
• Offers over 10,000 square meters of office space and 226 hotel keys.
• Amenities include function areas, restaurants, a rooftop bar, a pool, a gym, and a spa.
• Situated along Preah Norodom Boulevard, providing sweeping views of the river and city.

2. Raintree Development:

• Located in the central business and banking district.
• Offers 3,000 square meters of flexible office space for rent.
• Complemented by a loft event space and an outdoor terrace.
• Serves a diverse community of professionals, creatives, and entrepreneurs.

3. Delano Business Center:

• Provides office space and services.
• Located at No. 144, St. 169, Phnom Penh.
• Offers flexible rental terms for businesses.

4. Business Center Cambodia:

• Offers executive office space for rent.
• Conveniently located in Phnom Penh.
• Provides flexible rental terms without long-term commitments.

5. Other Notable Office Buildings:

• Exchange Square.
• Vattanac Tower.
• Prince Phnom Penh Tower.
• Maybank Tower.
• The Gateway.
• NagaWorld.
• Aussco Manufacturing.
• OEKO-TEX Medical Testing & Clinical Laboratories.
• Manulife Cambodia.
• NagaCorp (Gambling & Gaming).

Major Employers in Phnom Penh.

1. China Resources:

• Leading company by revenue in Cambodia.
• Engaged in various sectors, including energy, retail, and real estate.

2. Kyeryong Construction:

• Involved in general construction projects.
• Contributing significantly to Cambodia’s infrastructure development.

3. LOLC (Cambodia):

• A major player in the financial sector.
• Offers microfinance services and contributes to economic growth.

4. Masan Consumer:

• Active in brokerage and finance.
• Plays a vital role in Cambodia’s financial landscape.

5. NagaWorld:

• A prominent hospitality company.
• Operates hotels, casinos, and entertainment venues.

6. Binggrae:

• Engaged in consumer services.
• Contributes to Cambodia’s economy.

7. Aussco Manufacturing:

• Involved in general manufacturing.
• Provides employment opportunities.

8. OEKO-TEX:

• Specializes in medical testing and clinical laboratories.
• Supports healthcare services.

9. Manulife Cambodia:

• An insurance company.
• Offers financial protection and investment solutions.

10. NagaCorp:

• A major player in gambling, gaming, and hospitality.
• Drives tourism and entertainment in Phnom Penh.

These companies contribute significantly to Phnom Penh’s economic vitality and provide employment opportunities for its residents.

Chapter 4. Phnom Penh Cultural Life.

Real Estate Group offers an introduction to the vibrant cultural life of Phnom Penh, Cambodia, highlighting interesting attractions, events and shows:

Cultural Attractions in Phnom Penh.

1. Royal Palace and Silver Pagoda:

• The Royal Palace, a stunning example of Khmer architecture, serves as the official residence of the King of Cambodia.
• The Silver Pagoda, located within the palace complex, houses a magnificent collection of Buddha statues adorned with precious gems.

2. National Museum of Cambodia:

• Home to an extensive collection of Khmer art and artifacts.
• Explore ancient sculptures, ceramics, and textiles that showcase Cambodia’s rich heritage.

3. Tuol Sleng Genocide Museum (S-21):

• A somber but essential visit to learn about Cambodia’s tragic recent history under the Khmer Rouge regime.
• The former high school turned prison tells the heartbreaking story of the Cambodian genocide.

4. Wat Phnom:

• The city’s central temple, perched on a hill.
• Legend has it that a wealthy widow named Penh discovered four Buddha statues here, leading to the temple’s construction.

5. Russian Market (Psar Toul Tom Poung):

• A bustling market where you can shop for souvenirs, textiles, jewelry, and local crafts.
• Explore the maze of stalls and soak in the lively atmosphere.

6. Central Market (Phsar Thmey):

• An iconic art deco building housing a vast market.
• Find everything from fresh produce to electronics and jewelry.

Theater and Cultural Shows:

1. NABA Theatre @ Naga2:

• A state-of-the-art 2,000-seater theater with Cambodia’s first 3D video mapping projection system.
• Hosts a variety of shows and events.

2. SpeakEasy Theatre:

• A community theater venue offering live stage performances, stand-up comedy, live music, and spoken word events throughout the week.
• Immerse yourself in Phnom Penh’s artistic scene.

Events and Shows (2022-2023):

Water Festival (Bon Om Touk):

• Celebrated annually in November along the Tonle Sap and Mekong Rivers.
• A three-day extravaganza with boat races, fireworks, and cultural performances.

Cambodia Innovation Challenge 2024:

• Powered by Launch Pad - AI for Impact.
• An event fostering innovation and collaboration in Cambodia.

Upcoming Events (2024-2025):

CyberCon Cambodia:

• A workshop focused on cybersecurity education and training.

International Conference on Management and Information Technology (ICMIT):

• A platform for researchers and scholars to exchange experiences and research results in management and IT.

Cambodia Architect & Decor Expo (CAD):

• Showcasing sustainable architecture for future smart cities.

Cambodia Health & Beauty Expo (CHB):

• Featuring health and beauty products and promotions.

Phnom Penh’s cultural scene offers a blend of history, art, and entertainment, making it a captivating destination for both residents and visitors!

Chapter 5: Education in Phnom Penh.

Real Estate Group offers an exploration of the educational landscape of Phnom Penh, Cambodia, covering kindergartens, schools, colleges and universities:

Kindergartens and Preschools.

International School of Phnom Penh (ISPP):

• Currently serves more than 850 students from age 3 to Grade 12, representing over 50 nationalities from six continents.
• Offers a comprehensive early childhood program.

Canadian International School of Phnom Penh (CISPP):

• Started with just 11 students in Kindergarten and Grade 1 combined.
• Enrollment grew rapidly to 145 learners in a few short years.
• Provides a nurturing environment for young learners.

Schools.

International Schools:

• Phnom Penh boasts a variety of international schools catering to expat families.
• American, British, Canadian, and other international curricula are popular.
• Enrollment has increased significantly over the years, with students from diverse backgrounds.

Public Schools:

• Cambodia’s public schools primarily teach in the Khmer language.
• Expat children usually do not attend public schools due to language barriers.
• The standard of education in public schools is relatively low compared to global standards.

Colleges and Universities.

• Higher Education Institutions (HEIs):
  • HEIs in Cambodia include the Royal Academy, universities, and colleges.
  • Cambodia’s higher education system offers:
    • Associate degrees.
    • Four years of undergraduate education.
    • Two years of Master’s education.
    • Three to six years of Ph.D. programs.
• Enrollment Trends:
  • Higher education enrollment has grown significantly.
  • In 2020-21, there were 201,900 students, including 155 international students.
  • The gross enrollment rate (18 to 22 years old) increased from 6% in 2006 to 10% in 2018.
  • MoEYS aims to achieve a 25% enrollment rate by 2030.
• Challenges and Opportunities:
  • Language barriers and lack of universities in provinces hinder rural students’ access.
  • Efforts are being made to promote STEM education in higher institutions.

In summary, Phnom Penh offers a diverse educational ecosystem, from early childhood programs to higher education, making it an attractive destination for learners of all ages.

Chapter 6. Shopping and Entertainment Venues in Phnom Penh.

Real Estate Group offers an introduction to the vibrant shopping, entertainment and recreation in Phnom Penh, Cambodia as of 2024:

Shopping and Entertainment Centers.

1. Eden Garden Mall:

• Located at Phnom Penh Center, City Center Blvd.
• Features diverse cuisines, restaurants, a cinema, indoor and outdoor bars, a hair salon, a flower shop, and Cambodia’s well-known night club.
• A perfect place to unwind and enjoy various activities.

2. Sorya Center Point:

• Offers air-conditioned shopping and entertainment.
• Features a variety of stores, restaurants, and cafes.
• A great escape from the heat and a popular spot for locals and tourists alike.

3. Exchange Square:

• Home to Lucky Supermarket, Hard Rock, Guardian Pharmacy, and Legend.
• A good choice for shopping and dining.

4. Central Mall:

• Despite chaotic traffic, it’s worth visiting.
• Explore shops, restaurants, and cafes.
• Enjoy the lively atmosphere.

5. NABA Theatre @ Naga2:

• A state-of-the-art 2,000-seater theater with 3D video mapping projection.
• Hosts various shows and events.

Recreation and Amusement.

1. Wat Phnom:

• A serene temple on a hill.
• Ideal for relaxation and contemplation.

2. Riverside Promenade:

• Stroll along the Tonlé Sap and Mekong Rivers.
• Enjoy the scenic views and fresh air.

3. Night Markets:

• Explore local markets like the Russian Market (Psar Toul Tom Poung) and Central Market (Phsar Thmey).
• Find unique souvenirs, textiles, and handicrafts.

4. Water Festival (Bon Om Touk):

• Celebrated annually in November.
• A three-day extravaganza with boat races, fireworks, and cultural performances.

5. NagaWorld Casino:

• A popular entertainment complex.
• Try your luck at the casino, enjoy live music, and dine at various restaurants.

Parks and Recreation Areas.

1. Olympic Stadium Park:

• A spacious park with jogging tracks, green spaces, and outdoor exercise equipment.
• Perfect for a leisurely walk or workout.

2. Independence Monument Park:

• Features the iconic Independence Monument.
• A peaceful spot for relaxation and reflection.

3. Koh Pich (Diamond Island):

• An artificial island with parks, gardens, and recreational facilities.
• Ideal for picnics and family outings.

Phnom Penh offers a delightful blend of shopping, entertainment, and relaxation, ensuring there’s something for everyone to enjoy!

Chapter 7. Healthcare in Phnom Penh.

Real Estate Group offers an exploration of the health care system in Phnom Penh, Cambodia, including medical clinics, hospitals, and other health care organizations:

Hospitals and Medical Centers in Phnom Penh.

1. Calmette Hospital.

• Description: Calmette Hospital is the best public hospital in Cambodia. Managed by the Ministry of Health and funded by the Cambodian and French governments, it offers free healthcare for locals who are unable to pay.
• Services: Provides comprehensive clinical services and advanced technologies.
• Address: No. 3, Monivong Blvd, Sangkat Sras Chok, Khan Daun Penh, Phnom Penh.

2. Khmer Soviet Friendship Hospital (Russian Hospital).

• Description: This 500-bed hospital was opened with funding from the former Soviet Union. It’s another public hospital managed by the Ministry of Health.
• Address: Yothapol Khemarak Phomin (St. 271), Phnom Penh.

3. Royal Phnom Penh Hospital.

• Description: Managed and operated by Bangkok Dusit Medical Services Public Co., Ltd (BDMS), Royal Phnom Penh Hospital is considered one of the top hospitals in Cambodia.
• Team: Comprises local and foreign medical experts from Thailand, Cambodia, the United States, and France.
• Services: Offers innovative technology and international standards.
• Address: No. 888, Russian Confederation Blvd., Sangkat Toeuk Thla, Khan Sen Sok, Phnom Penh.

4. Sen Sok International University Hospital.

• Description: A less expensive option than Royal Phnom Penh Hospital, trusted by expats.
• Standards: Describes itself as up to international standards.
• Physicians and Surgeons: Run by highly skilled and experienced professionals.

These hospitals and medical centers cater to both locals and expatriates, ensuring access to quality healthcare services in Phnom Penh. Remember to seek medical attention promptly if needed during your stay!

Chapter 8: Phnom Penh Real Estate.

Real Estate Group offers an exploration of the real estate market in Phnom Penh, Cambodia, focusing on new and under construction residential developments in 2024. I’ll provide examples of properties, their features, and additional advantages for different types of residents:

New and Under - Construction Residential Complexes.

1. Le Conde BKK1:

• Location: BKK1 district.
• Property Types:
  • Studios, one-bedroom, two-bedroom, and three-bedroom units.
  • Sky villas and penthouses.
• Features:
  • High-rise condo tower (43 stories).
  • Modern design and amenities.
  • Skyline views of Phnom Penh.
• Advantages:
  • Central location with easy access to restaurants, cafes, and shopping.
  • Ideal for young professionals and couples.

2. Diamond Bay Gardens:

• Location: Diamond Island (Koh Pich).
• Property Types:
  • Residential complex (39 floors).
  • Various unit sizes.
• Features:
  • Spacious balconies with river views.
  • European fixtures and finishes.
  • Upscale interiors.
• Advantages:
  • Riverside living.
  • Proximity to entertainment and dining options.
  • Suitable for families and retirees.

3. Prince Happiness Plaza:

• Location: Chamkarmon district.
• Property Types:
  • Mixed-use development (43 floors).
  • Residential units and commercial spaces.
• Features:
  • High-rise living with city views.
  • Convenient amenities.
  • Potential for investment.
• Advantages:
  • Diverse lifestyle options.
  • Close to business centers.
  • Suitable for families and professionals.

Additional Advantages of Living in Phnom Penh.

1. Affordability:

• Compared to other major cities, Phnom Penh offers relatively affordable real estate prices. Write to us on WhatsApp to find out the current real estate prices.
• Foreign buyers can find value for their investment.

2. Cultural Richness:

• Phnom Penh has a rich cultural heritage, including historical sites, temples, and vibrant markets.
• Residents can immerse themselves in local traditions.

3. Expanding Infrastructure:

• Ongoing infrastructure projects enhance connectivity and convenience.
• New roads, bridges, and public transportation systems are improving mobility.

4. Growing Expat Community:

• Phnom Penh attracts expatriates from various countries.
• Expats can find a supportive community and networking opportunities.

5. Lifestyle Amenities:

• The city offers a mix of modern amenities, restaurants, cafes, and recreational facilities.
• Families, couples, and retirees can enjoy a comfortable lifestyle.

In summary, Phnom Penh’s real estate market presents exciting opportunities for foreign buyers. Whether you’re seeking a riverside condo, a family home, or an investment property, the city offers diverse options and a unique living experience!

Conclusion:

Want to Buy Real Estate in Cambodia? Write a Request in WhatsApp and We Will Find the Best Options For You. Everyone Buys From Us!

Phnom Penh: Where Dreams Take Shape.

As the sun sets over the Tonlé Sap River, Phnom Penh reveals its magic - a city that defies expectations, where tradition dances with modernity, and every corner whispers stories of resilience and hope. In 2024, Phnom Penh stands at the crossroads of opportunity, beckoning to those who seek a life less ordinary.

Why Luxury Real Estate in Phnom Penh?

1. A Thriving Metropolis:

• Phnom Penh pulses with energy. It’s a place where entrepreneurs forge new paths, artists find inspiration, and families create lasting memories.
• Luxury real estate here isn’t just about walls and windows; it’s an invitation to be part of something extraordinary.

2. Skyline Dreams:

• Imagine waking up to panoramic views of the city - the Mekong River winding through skyscrapers, the Royal Palace bathed in golden light.
• Luxury condos and penthouses offer more than comfort; they provide a canvas for your dreams.

3. Investment Potential:

• Cambodia’s real estate market is on the rise. As foreign buyers, you’re not just purchasing a home; you’re securing a future.
• Whether it’s for personal use or as an investment, Phnom Penh promises returns.

4. Cultural Immersion:

• Step outside your door, and you’re immersed in Khmer culture. Temples, markets, and street food beckon.
• Luxury living doesn’t isolate, it integrates you into the heartbeat of the city.

5. Community and Connection:

• Phnom Penh’s expat community is vibrant and welcoming. New friendships form over shared meals, art exhibitions, and riverside walks.
• Luxury real estate isn’t just about square footage, it’s about the people you meet.

So why wait? Phnom Penh awaits - the scent of frangipani, the laughter of children, the hum of tuk-tuks. Whether you’re a couple seeking adventure, a family building memories, a young professional chasing dreams, or a retiree savoring life, this city has a place for you.

Write to us today on WhatsApp and we will match you with the best properties to buy in Cambodia!

Invest in luxury real estate in Phnom Penh! Live the story you’ve always imagined!

Your chapter begins now!

Read more in Part 3

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