Condos for Sale in Phnom Penh | Luxury & Affordable Living in Cambodia’s Capital
hnom Penh, Cambodia’s bustling capital, offers a unique blend of modernity and tradition, making it a prime destination for real estate investment. The demand for condos for sale in Phnom Penh is soaring, with options ranging from luxury to affordable living.
Why Invest in Condos in Phnom Penh?
Phnom Penh’s booming economy and rapid urbanization have driven the demand for residential properties. Investing in condos provides access to modern amenities, such as swimming pools, gyms, and 24/7 security, all in prime locations close to business districts and entertainment hubs. Additionally, the city remains affordable compared to other Southeast Asian capitals, offering great value for both first-time buyers and seasoned investors.
Types of Condos for Sale
Phnom Penh’s condo market offers:
- Luxury Condominiums: High-end properties with premium finishes, stunning views, and exclusive amenities.
- Mid-Range Condominiums: Spacious apartments with modern features at a more affordable price point.
- Affordable Condominiums: Budget-friendly options for first-time buyers and investors seeking good value.
Considerations Before Buying
Before purchasing, be sure to review legalities, as foreign buyers can own up to 70% of a building. Stay informed on market trends and choose a property with reliable management for long-term value.
The Future of Condo Living in Phnom Penh
Phnom Penh’s real estate market is expected to continue growing, driven by infrastructure development and economic expansion. Whether for personal use or investment, condos for sale in Phnom Penh present a promising opportunity in a thriving city.
Explore your options today and find the perfect condo for your needs in Cambodia’s capital!
Can I rent my apartment after buying it?
Yes, once you’ve purchased an apartment in Phnom Penh, you can rent it out. Many investors buy apartments to generate rental income, particularly in popular areas for expats and tourists.
How long does the property buying process take in Phnom Penh?
The buying process typically takes around 1 to 2 months, depending on the complexity of the purchase and the property type. This includes legal checks, contract signing, and any necessary paperwork. Working with an experienced real estate agent can help expedite the process.
What amenities are typically included in Phnom Penh apartments?
Many luxury apartments in Phnom Penh come with modern amenities such as swimming pools, fitness centers, 24/7 security, parking, and concierge services. Affordable apartments may include essential features like basic kitchen setups, air-conditioning, and security.
Where are the best areas to buy apartments in Phnom Penh?
Some of the most sought-after areas to buy apartments in Phnom Penh include:
- BKK1 (Boeung Keng Kang 1) – known for its central location, international community, and proximity to cafes, restaurants, and shops.
- Russian Market – a vibrant area with a mix of traditional and modern living.
- Khan Chbar Ampov – an emerging neighborhood with affordable housing options and future growth potential.
What is the average price of apartments in Phnom Penh?
The price of apartments in Phnom Penh varies based on location, size, and amenities. On average, prices for 1-bedroom apartments range from $50,000 to $150,000, while luxury condos can go upwards of $200,000 depending on their size and location.
What types of apartments are available in Phnom Penh?
Phnom Penh offers a variety of apartment types including affordable flats, luxury condos, and modern apartments. You can find properties suited to all budgets and preferences, from budget-friendly homes to high-end living spaces with premium amenities.
Can foreigners buy apartments in Phnom Penh?
Yes, foreigners can buy apartments in Phnom Penh.