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Siem Reap is a province in North-Western Cambodia and the city is close to the northern shores of the Tonle Sap Lake.
Siem Reap was just a bit more than a village at the beginning of the 19th century when the French explorers rediscovered the ruins of Angkor and they were immediately restored by the French, and very soon, the temples of Angkor became the main highlight of the region. The temples are at just a short trip from the heart of the city.
The city, which is a group of villages along the Siem Reap River, evolved from being just a stopover to see the Angkor temples. It is now a spirited city, and a major tourist location with contemporary hotels, resorts, and restaurants, while still preserving its culture, traditions and rich architecture and it receives over two million tourists every year.
The popularity of the Angkor Temples is the reason for a host of industries performing well in the region, mainly Art and Handicrafts. Over the years the site has attracted many artists, photographers, writers, and filmmakers all mesmerized by the architectural heritage.
Siem Reap is home to hundreds of NGOs, which are established all over Cambodia to rehabilitate the victims who suffered the horrors of landmines. This is the best place to look for jobs or internships for those interested in working for NGOs. There are also various job opportunities in a western bar, guesthouses and teaching English.
Expats end up taking up these job positions and are staying long-term in the city which has given rise to the demand for residential properties of different types to cater to the needs of locals and expats. You can find long-term guest houses, apartments or condos, shared apartments, traditional shop-houses, and modern villas all in this city.
With the increasing number of expats coming to work and live in Siem Reap, the demand for modern condos is on the rise. The city has several condo projects under construction which are scheduled to be completed by 2020.
A two bedroom condo in Svay Dangkum is quoted anywhere between $45,000 to $95000 and two-bedroom condo in Wat Bo is around $225,000 whereas a three bedroom is around $315,000. A two bedroom condo in Angkor is priced at $250,000. The new condos will have 2 bedrooms to 5 bedrooms in many of the popular areas.
Based on your needs, choices, and budgets, you can choose to live in one of the following popular residential areas of the City:
Sala Kamreuk – This is the most preferred area for expats, housing many residential properties, hotels, and business establishments.
Wat Bo – This is mostly a commercial area, with a few residential accommodations. The area has taken its name after the famous Wat Bo Temple which is located here. It’s very close to Pub Street and gets crowded with tourists, as the Old Market/Pub Street area cannot accommodate the influx of tourists. This area is also called Night Market as it offers a bustling nightlife, with bars open 24/7. It’s very popular with tourists and has very few housing options.
Svay Dangkum – This is mainly a residential locality popular among locals and long-term expats and you will find all the beautiful high-end villas here.
Slor Kram – It is close to the Wat Bo area and the city center. Hence, it’s popular with tourists for recreation, and with locals and expats for residency. The cost of real estate is on the expensive side here.
Wat Damnak – it is home to the Wat Damnak Temple and is a famous tourist area. It’s a commercial area with bars, hotels and guest houses, restaurants and shopping centers. It also has apartment buildings sought after by the long-term expats.
Angkor Chum, Angkor Thom, and Puok are also other upcoming and popular areas for housing within the city.
The population of Siem Reap is about one million and is increasing at about 2.5 percent per annum. Despite the local and tourist population, the city still has the charm of a small town. The infrastructure, public utilities, and education system still have a long way to go, but all these are in contrast to the existence of luxurious hotels and pubs and bars.
Traveling in and out of Siem Reap is convenient with its International airport. It’s just 20 minutes away from the city center by tuk-tuk. You can take flights to different destinations in South East Asia from here. The city is also connected to Laos, Thailand, and Vietnam by bus.
Tourists visit the temples during the day, and in the evening the Old Market area, the Central shopping, pub and restaurant areas are transformed into an exciting entertainment hub at night. This area sees the opening of a new bar, restaurant, boutique or spa every other week.
For medical care, Siem Reap has the Royal Angkor International Hospital for emergencies. Then there’s Angkor Hospital for Children, which also will treat adults in an emergency. However, for any serious medical conditions, you will need to go to Bangkok or Singapore. It is advisable to have International medical insurance to cover all eventualities.
You can travel from Siem Reap to Phnom Penh on a 3-day river cruise on Tonle Sap and the Mekong River, and enjoy the sights while relaxing on a comfortable boat.
Besides the Angkor Wat Archaeological Park and the temple complex, Siem Reap has plenty of noteworthy places to interest tourist, like the Tonle Sap Lake, War Museum, Landmine Museum, Prek Toal Bird Sanctuary, Angkor Silk Farm, to name a few.
It’s a city which is the center for authentic Cambodian culture, showcasing the Cambodian aesthetics and music and dance.
Due to the Real estate growth in Siem Reap, it has become the perfect place to invest in property.
Rental Returns As large development projects are planned throughout the city; this will give investors the greatest rental yields. When compared to other Cambodia cities, rental returns in Siem Reap are slightly higher.
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