The Condo Market in Cambodia… Where Do We Stand?

• Proeksa Meas
• 3 October 2017
• Local News
• 3145 Views

We can all see that the city is full of construction sites, with a majority of them condo projects. This represents a big step forward and a huge change for a new lifestyle in Cambodia.

Many people say it will need time for Cambodian people to get used to this new way of living and the main concern is who will buy these condo units. Most of the projects are in the inner city, out of reach for most Cambodians due to extremely high prices and the financing that is offered by developers or banks. These developments also face the problem of congestion which will only get worse over time.

We see a trend unfolding with many developers following young mid-level and lower income professionals away from the city centre for the benefits of less traffic, lower square metre prices, fresh air and more.

Realistically, the market knows that construction and sales of city centre condominiums have already hit a roadblock but this does not mean that the demand for new condominiums is not out there…..it is.

More and more Cambodians are looking at the outskirts of the city where beautiful residential and commercial projects are being developed to allow people the opportunity to benefit from investing in the property market, as well as starting a new family home in an area which is buzzing with opportunities.

Star5 Developers is one of these developers who are thinking outside the city box with projects like their very successful STARLAND project on National Road #4 and the Sky Land Condos project only 15 kilometres from the city at Vihear Sour, Areykhsat.

Sky Land Condos is being built over 4 towers with 8 floors each in an architectural marvel that features 224 beautiful condos consisting of studios, 1 and 2 bedroom units, ground floor commercial units and a parking area for cars as well as motobikes inside the building.

The project also provides an amazing 1600 m2 roof garden, Sky bar, clubhouse, gym, swimming pool and play area on the premises. This extremely affordable project is surrounded by green areas, and outdoor activities such as a horse racing track, car racing, restaurants, fishing areas and much more.

The whole building will be managed by a team of highly-qualified professionals to make sure everything runs smoothly and efficiently. STAR5 Developers Pvt Ltd is standing out from the crowd by offering an opportunity to all levels in society and creating a new, affordable and high-quality lifestyle for all.

For more information feel free to contact them at any time.

Tel : +855 (0) 23 6224 555 Address: No. 124, Sothearos Blvd, Sangkat Tonle Bassac, Khan Chamkarmorn, Phnom Penh, Cambodia.

• Projects Development