First, let’s understand how locations work in Cambodia. Locations are defined by three main terms. Each term has two commonly used and widely accepted words. It seems confusing. Don’t sweat, we’ve got you covered.
When we talk about places, we mean cities, suburbs, districts, provinces, etc. on a website like Wikipedia you will be confused as it will start talking about municipalities etc.
In this guide, we’ll provide you with a better explanation of the terminology used for some of the most popular and high-potential locations in Cambodia and identify some of the terms, locations, and references that might confuse most newcomers. real estate investors in Cambodia. Cambodia.
City or province
There are 25 cities and provinces in Cambodia and most Cambodians as well as expats use the term province if they refer to any place outside of Phnom Penh, which they consider a city. Anyway, they are more or less the same thing. And the top three locations for condominium investment are Phnom Penh City, Siem Reap Province, and Preah Sihanoukville, locally known as Kom Pong Som Province.
Khan or district
The next level is commonly referred to as a khan or district. There are 12 districts in Siem Reap province, 4 in Preah Sihanoukville and 14 currently in Phnom Penh. For the purpose of better planning, the Cambodian government created two new neighborhoods in Phnom Penh in 2019. One known as Kamboul and the other is Boeung Keng Kang, a more important area for condo investors to check out. Located in the heart of Phnom Penh, Boeung Keng Kang is locally known as BKK by Cambodians and expats. BKK is a hotspot for some of the most promising premier residential development projects.
Sangkat or Commune
The next level is known as sangkat or commune and even then it becomes more granular (with Khom or Village) although these are little known even by local Cambodians. As of 2019, Boeung Keng Kang is now home to Boeung Keng Kang I (BKK1), Boeung Keng Kang II (BKK2), Boeung Keng Kang III (BKK3), Olympic, Tumnop Teuk, Tuol Svay Prey I and Tuol Svay Prey II. While another popular location for condominium investment is known as Tonlé Bassac, just off BKK1 and located in Chamkarmon district.
If you are looking for a property on Immobilier.com.khwe have not changed our location data set as the market (real estate seekers, agents and developers) generally follows old locations and classifications at this time.
If you are looking for property in the capital Phnom Penh, hot sub-locations for these high-end and luxury investments include:
Chamkarmon can sometimes be called the center of Phnom Penh, and although the district demands the highest rental yields and the highest land price per square meter, especially in BKK1 and Tonle Bassac, the central business district (CBD ) is located at Sangkat Wat Phnom. in Daun Penh district.
Another hot spot for timeshare investment is Koh Pich which translates to Diamond Island in Khmer, is actually not a sangkat itself. Koh Pich (Diamond Island) is part of the Tonle Bassac commune.
Central Business District, the CBD in Cambodia is defined by the main collection of A to B grade office towers in Phnom Penh including Vattanac Capital Tower, Canadia Tower, Exchange Square and Raintree which are all located in Sangkat Wat Phnom in the Daun Penh district. In its surroundings you will also find the main government ministries as well as the main banking and financial headquarters.
South Phnom Penh or Hun Sen Boulevard is one of the fastest growing investment hotspots in Cambodia. Key landmarks and centers already in operation in the area include: The Factory (integrated entertainment, food and drink, arts, culture and workspace) as well as ISPP, main international school in Cambodia. In addition to this, real estate and condominium developers have already started construction in the area and three major shopping malls (including AEON Mall 3) will come into full operation within the next 5 years. All of this points to a fantastic opportunity for investors, as the area is transforming from a swampy marsh to one of Phnom Penh’s most livable areas. Most developers and agents will refer to the location as “The South”, “South of Phnom Penh”, or “60 Meter Road”, which is actually Hun Sen Boulevard. It crosses several sangkats, including Chak Angrae Leu, which is in Meanchey district.
Riverside, is another Phnom Penh hotspot and another area not commonly referred to by its sangkat or district name. Locally, the place simply gets its name because it sits next to the Tonle Sap River and ends where it meets the Mekong River.
Chroy Changvar is a place often compared to South Phnom Penh by agents, developers, buyers, tenants and investors. Not because they are necessarily close to each other, but rather because they are both experiencing similar growth in terms of infrastructure development, connectivity, residential developments and significant developer interest. commercial real estate.
Looking for more terminologies and other areas of interest? Visit Immobilier.com.kh for the full article:
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