Sangkat Chroy Changvar, Phnom Penh, Cambodia.

Rent/Sale

Property Type

Location

Sangkat Chroy Changvar is another area in Phnom Penh, located across the river from the central parts of the city. It’s a quieter, less developed area compared to more central districts like BKK 1, Tuol Tum Poung or Tonle Bassac, but it’s growing rapidly and becoming more popular, especially for residential living. Chroy Changva is situated along the banks of the Tonle Sap River, offering beautiful views and a more relaxed atmosphere compared to the hustle and bustle of central Phnom Penh.

Key Features of Sangkat Chroy Changvar:

Residential Area:
- Chroy Changvar is becoming increasingly popular for those who prefer a more peaceful living environment while still being relatively close to the city center. There are many spacious homes and apartments in the area, as it’s still developing with a mix of new residential complexes and local housing.
- The area also has some villas and larger houses, attracting local and international families looking for a quieter lifestyle but still with good access to Phnom Penh’s amenities.
Real Estate Trends:
- Development Boom: In recent years, Chroy Changvar has seen more construction projects, especially in the residential real estate sector. There are new developments like luxury apartments and commercial buildings coming up, as the area becomes more accessible with improved infrastructure, including new bridges and roads.
- Growth in Infrastructure: The completion of the new bridges, particularly the Koh Pich Bridge and Chroy Changvar Bridge, has significantly improved access to the city center, making the area more attractive for residents and businesses.
- Affordable Prices: Compared to the more central areas of Phnom Penh like BKK 1 or Tuol Kork, real estate in Chroy Changva tends to be more affordable. Rent and purchase prices are lower, making it an attractive option for people who want to live in Phnom Penh without the premium prices associated with the city center.
Commercial and Leisure Developments:
- While Chroy Changvar isn’t as commercialized as the downtown areas, there’s still a growing number of small businesses, cafes, and restaurants catering to the local population. In the future, we may see more shopping malls and entertainment venues as the area continues to develop.
- The riverside location makes it an attractive spot for leisure activities, with potential for development of recreational spaces and tourism-related businesses in the long run.
Transportation:
- The accessibility to central Phnom Penh is improving, with the development of more bridges and better roads. The journey to the heart of Phnom Penh takes only about 10-15 minutes, making Chroy Changva a viable option for those who want to live a bit further from the city’s congestion.

Real Estate Prices:

Residential Properties: You can find more affordable apartments and houses in Chroy Changvar, with rent prices generally ranging from $250 to $1,500 per month depending on the property size and location.
Buying Property: The cost of purchasing property is usually lower than in the more central areas, but prices have been rising steadily due to increasing demand and development in the area. It’s estimated that property prices for land can range from $1000 to $2,000 per square meter, with higher-end properties being more expensive.