Another district in Phnom Penh, and one that has proved popular for investors is Chak Angre Krom.
Where is Chak Angre Krom?
Chak Angre Krom and Chak Angre Leu are districts to the south of Phnom Penh to the east of Khan Dangkor. They represent the more desirable part of Khan Mean Chey.
Borey in Chak Angre Krom
In recent years Chak Angrae Krom has proved a popular area for urban developments, especially along Hun Sen Boulevard. These include Urban Village Phase 1 and 2, and R&F City, one of the biggest condo developments in the capital, as well as Maritime Tower and Factory Phnom Penh, co-working space. There have also been a number of borey developments, such as Borey Peng Huoth The Star Diamond, Borey Villa Town, Borey Chip Mong 271, Borey Peng Huoth The Star Natural, Borey Woodland Residences, and Borey Chip Mong Landmark 60M.
Shopping in Chak Angre Krom
Alongside this rise in residential development there has been a string of retail development. AEON Mall 3, Chip Mong 271 Mega Mall and Chip Mong 60M Mall will all open shortly, bringing are vast array of international and chain shopping, and food and beverage outlets to the area. There is also the smaller WB Arena which is already open.
Other Amenities in Chak Angrae
In addition to all this residential and retail space, the International School of Phnom Penh (ISPP) is also located in Chak Angrae Krom.
Comparisons with Khan Kambol
Chak Angrae Krom is seen as one of the more desirable areas in Phnom Penh, but as it is not central, prices are more competitive than in Khan Sen Sok. There is also a vast area of wetlands that can be reclaimed around Boeung Tumpun and the southern area of the district, so you can expect even more developments in this area in the future. In comparison Khan Kambol is closer to Sen Sok Khan with its AEON Mall 2 and affords great investment opportunities for the smart Phnom Penh property purchaser due to its emerging status.
