Real estate properties in Phnom Penh are quite less in Southeast Asia. At the same time, rental yields in Phnom Penh is the third highest in the region. Thanks to its strong ties with China, its booming tourism, stable economy, investments in real estate are considered a safe bet. All signs in 2019 point to a strong year for the entire country, not just Phnom Penh. What follows is a short overview in one of the hottest real estate spots in the city of Phnom Penh.
Riverside, or Sisowath Quay, is one of the hottest investment spots in the entire city. The demand for condos and other real estates in this neighborhood has skyrocketed in the last few years. Locals that have returned in the city after some time don’t even recognize what has happened in the area. Almost everything old is replaced by new, high end residential and commercial buildings. Rental yields in Riverside are almost as twice more than the city’s average. The fact that many of the condos are at the waterfront means that they come with an amazing view.
Nowadays, there aren’t as many Russians as once, but there are plenty of others. And by others, we mean tourists that are all over the place. Whether they are there for just a few days or a more extended stay, the Russian market is where they want to go and stay. Builders make sure that new, western types of condos are regularly added on the real estate market to satisfy the demand.
It may not be the most significant neighborhood in the city, but one of the most valuable ones. At least in terms of real estate value and the billions that are poured each year. Once was known only for its hipster bar street, but today you have development sites like The Bridge, The Peak, Di Riviera, Habitat Condominium, a $2 billion shopping center in the making, and of course the famous Phsar Market. It doesn’t take a genius to calculate the effect of those projects on the value of other real estate properties in the area.
Not many know that this area is very popular with expats living in Phnom Penh. Some of the best condos for sale in Phnom Penh are in this area. The reason is simple; expats want modern condos that can match their preferences and expectations. Local developers make sure that all new condos offer all that, and even more. The reason why expats find this area so convenient is because of two things. First of all, all the great international schools are nearby. And second, the airport is very close. Then there are the many restaurants, shops, bars, green market, coffee shops, and so on. Pretty much everything that a westerner would need. From the look of things, there is no shortage of Westerners in Phnom Penh, with plenty of their type.