Phnom Penh’s outward expansion continues to see once-rural districts gain a new lease on life. Chamkarmon, Russey Keo, Toul Kork, and Sen Sok are a notable few who have seen considerable urbanization in the past decade alone. And with all this impressive progress, it was only a matter of time until Cambodia’s developers take the next big step in widescale urban development: creating a satellite city.
Satellite cities, however, are not alien to Phnom Penh’s real estate market. Koh Poch a.k.a. Diamond Island is a chief example of how feasible the idea is within the Cambodian landscape. The apparent popularity of Koh Pich among the new generation of property seekers has led to the Overseas Cambodian Investment Corporation (OCIC), Koh Pich’s primary developer, planning for another satellite city project – this time in the Nirouth subdistrict of Chbar Ampov.
Chbar Ampov itself is a district only starting to see big commercial and residential developments as of late. The biggest and arguably the most popular of these is the upcoming Vue Aston residence in the Nirouth subdistrict.
The Vue Aston is a 38-storey luxury waterfront project with residences putting an emphasis on providing comforts similar to what can be found in city centres. It is the most sophisticated upcoming development in Chbar Ampov having only started groundwork in 2020.
Reference by : realestate.com.kh
