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Phnom Penh is the largest and the wealthiest and the capital of Cambodia. Surrounded by the river the city never dries out of freshwater and other natural resources. Although, the town enjoys a tropical climate, during monsoon, at times the city is flooded with rain as the river banks overflow and create havoc for the citizens.
The largest population of Phnom Penh is the native Cambodians. The city does have other minority population groups of Chinese, Vietnamese and smaller cultural groups. Phnom Penh with its vibrant cultural tourist attractions, natural resources, and foreign investment has dominated the tourism industry within Cambodia.
Learn more about the Phnom Penh condo market through trends and average prices.
Properties of all types are in high demand at Phnom Penh. With many foreign investors entering the market, demand and supply are very much increasing.
Phnom Penh condominium market is a massive supplier of high-end luxury condos. A recent study has projected the need for mid-range condos targeting the local Khmer population. Residents that have been renting are now starting to enter the property market and a condo would be an ideal start onto the proper ladder. The construction industry is doing its best to attract both the locals and the expats to the property market.
Classified into three groups, condos appeal to all types of buyers.
Phnom Penh promises a good leisure and quality lifestyle for its residents. Although transportation is well structured and maintained, many prefer to use bikes for the convenience it provides over the other modes of transportation.
Phnom Penh City believes that all residents should lead a healthy lifestyle, and it allows a two-hour lunch break from work for rest and helps to make the city the most sought after for employment by expats. Many prefer to take a short nap in hammocks before they head back to work. You can find a relaxing spa or a massage for only $10 to relax after a hectic day at work. The Government believes in providing the employee's plenty of time to be with their families and to live life to the fullest as the government offers 18 Public holidays a year.
The City experiences two types of weather seasons throughout the year, dry season from October to late April and the monsoon or rainy season is from May to late September. The hottest months of the year are usually from March to June with temperatures of over 35°C and Humidity is at its worst in March and April.
Expats can go on a casual stroll along the river banks, go on a relaxing boat ride or simply watch the sunset.
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