If there’s one thing you need to do when you want to invest, it’s to research the market. It’s true whether you’re new to real estate investments or not, since you have to make sure that the property you’re investing in will lead you to high profits in the long run. In this case, not only do you need to know the market value and trends, but you have to know the most promising developments within Cambodia.
While there are numerous real estate projects in the country, there are only two condo developments you need to watch out for that will begin construction before 2022 ends. Find out more details about them here.
Leveling up the modern luxurious convenience that Phnom Penh offers comes Odom, a real estate project that elevates traditional Khmer villages, retail, and business space. Odom has three main areas: Odom Tower, Odom Living, and Odom Square. All of these areas are in Norodom Boulevard, the most prestigious street within the capital.
Prioritizing urban living integrated with green spaces, Odom will create a green community in Odom Square, between the high-end Odom Tower for businesses and the sky villages of Odom Living.
For the residential units in Odom Living, you can choose between a one bedroom up to a four bedroom unit. Prices for the unit start at $250,000, although this still depends on the number of bedrooms, size, and floor location.
While construction for this project will start in Q4 of 2022 and it’s expected to be completed in Q2 of 2027, you can start inquiring about this and reserving a unit at off-plan stage.
Construction start: Fourth quarter of 2022
Construction period: 5 years
2. Time Square 306
Located at the heart of the expat heaven in the city, Time Square 306 will be a marvelous addition to the numerous high-end buildings within BKK1. It’s on Street 306, close to Monivong Blvd, and since construction will begin in December 2022, it’s expected to be completed by the second quarter of 2026.
This 45-storey condominium has 350 residential units you can choose from and own with a strata title. Find the right home to invest in for you here since there are one up to three bedroom units, all will be designed to showcase the peak of affluence!
The one and two bedroom units are located between floors 8 to 27, while the three bedroom units are on floors 38 to 43. There are five different types of units in Time Square 306 as you can see below:
- Type A → A 60 sqm net 2-BR unit
- Type B → A 45 sqm net 1-BR unit
- Type C → A 38 sqm net 1-BR unit
- Type X → A 90 sqm net 3-BR unit
- Type S → A 100 sqm net 3-BR unit
Different posh facilities like an infinity pool, cafe, and more will be available in Time Square 306, making it the ideal investment especially since it’s affordable, with a starting price of $84,375! You can reserve your own unit for only $500 so make sure to inquire now.
Construction start: December of 2022
Construction period: 3.5 years