Phnom Penh Property
Phnom Penh property became one of the hottest sellers of 2007 and is proceeding on the same track in 2008. Property investors followed the trend of investors in every other sector pouring money into Phnom Penh as GDP growth hit 10%+ and stayed there. Phnom Penh property originally consisted of refurbished apartments to begin with, with period apartments left from the French Colonial era being most popular. However, we are now starting to see some new development in Phnom Penh, initially these are commercial enterprises, but residential off-plan units may be the next craze in Phnom Penh property.
Phnom Penh Investment Property
In the current climate any Phnom Penh property is a great investment. The level of interest in Cambodia, especially the capital, means any property will grow in value, as Phnom Penh property continues to grow in worth to businesses, businessmen, and newly affluent locals. The oldest dingiest big house, could currently grow in value by an astonishing figure overnight, to be worth what a multi-national would pay for the land to build its Phnom Penh offices.
Phnom Penh property has been growing in value by a solid 24% per year, but incredible growth like 70% in 7 months is not unheard of. Rental yields on Phnom Penh property are between 8%-10%.
Our Phnom Penh Property
Our Phnom Penh property consists of renovated, refurbished and modernised period apartments from the French Colonial era and in the chique riverside quarter of Phnom Penh. You could still get on of our Phnom Penh properties for as little as £29,000 in December, but now you won't get one for less than £49,000.
Find out more about our Phnom Penh property.
Investment Property in Phnom Penh
French Colonial Apartments
These beautiful units are in the chic riverside French Quarter of Phnom Penh. They are authentic French colonial period apartments and buildings, which have been refurbished and modernised to an incredibly high standard. Just $1000 will take one of these beauties off the market, with one stage payment of 35% payable after you have conducted appropriate due diligence. There is plenty of leverage as the balance of 65% is not payable until completion and approval of the finished unit…
£29,000 - £90,000
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About David Stanley Redfern
David Stanley Redfern Ltd is an overseas property specialist, working directly with developers in more than forty countries. Most properties are exclusive to David Stanley Redfern Ltd, giving an unparalleled selection of resale and new builds. David Stanley Redfern Ltd is AIPP accredited.
Contact David Stanley Redfern
For more information on the properties available with David Stanley Redfern Ltd please make an enquiry on a particular property of choice or alternatively contact us using our contact details.
Property Investment News
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The Thailand economy got off to a scintillating start, with 1st quarter growth up six percent on the same period last year, and up 5.7% on the last quarter of 2007. After two years of political turmoil culminating in a coup last year, it seems the new government is finally settling in, and has made economic growth its top priority…
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Friday 9th May 2008
Montenegro Property: Europe's Next Big Thing
According to many various reports, Montenegro is shaping up to be the next big thing in European tourism, and property investment. Last month direct flights began between London airports and Montenegro, which immediately made the country more popular with tourists and property investors, and Montenegrins are gearing up to fully capitalise in the increased popularity of the country…
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