An exciting real estate transformation is unfolding in Phnom Penh. Away from the bustling city center, five visionary satellite cities are taking shape, poised to redefine contemporary living, attract investors, and stimulate socio-economic progress. Let’s delve into the distinctive qualities of these urban marvels:
Koh Pich – A Touch of Parisian Elegance
Koh Pich, known as Diamond Island, has undergone a remarkable metamorphosis, evolving from a marshland into a sprawling 2-acre masterpiece. Graced by the Mekong and Bassac rivers, it exudes an aura of sophistication reminiscent of the City of Light – Paris. Koh Pich offers a blend of residential and commercial spaces adorned with modern, artistic skyscrapers. The Elysée neighborhood beautifully encapsulates the essence of Parisian charm. Picture yourself strolling along the Seine-inspired waterfront promenade or embarking on a culinary journey through its vibrant markets and restaurants. Koh Pich is on the path to becoming a distinct municipality in Phnom Penh, promising a unique fusion of luxury and artistry.
Koh Norea – Monumental Transformation
Situated at the heart of Phnom Penh, Koh Norea stands as one of the city’s most extensive infrastructure and real estate developments, covering a vast 125 hectares. This ‘Satellite City’ promises a dynamic urban landscape featuring commercial hubs, entertainment districts, residential enclaves, schools, banks, medical centers, and an array of modern conveniences. Koh Norea is designed to provide a multifaceted urban experience.
Norea Cove, a waterfront gem within Koh Norea, radiates as a testament to luxury living. This exclusive enclave boasts 34 expansive Waterfront Super Villas, designed for seamless family living. These spacious residences offer not just a place to reside but a true masterpiece of enlightened elegance, meant to be cherished for generations.
Chroy Changvar Satellite City – A Hub of Commercial Grace
With a significant investment of approximately $3 billion, Chroy Changvar Satellite City spans over 100 hectares and is rapidly emerging as a hub of high-rise commercial buildings, upscale homes, restaurants, markets, and an international trade-style layout. Chroy Changvar Satellite City embodies the spirit of international trade, making it a center for commerce and luxurious living. Its skyscraper buildings and elegant residences create an atmosphere of sophistication and refinement, truly charming in its essence.
Grand Phnom Penh Satellite City – Indonesian Elegance
Located in the northern part of Phnom Penh, Grand Phnom Penh Satellite City sprawls over 260 hectares in Sen Sok district. Originally developed as a joint venture between local company YLP Group Co., Ltd and Indonesia’s Ciputra Group, the project received an initial investment of $600 million. Grand Phnom Penh Satellite City not only enjoys a prime location but also boasts a rich history. Revived by Chip Mong Land, a subsidiary of Chip Mong Group, this development is truly unique with its own golf course, offering residents a luxurious lifestyle immersed in greenery.
ING City – An Emerging Real Estate Opportunity
In the southern part of Phnom Penh, ING City, developed by Neak Oknha Ing Bunhou, spans a massive 2,572 hectares, with the Samdech Techo Hun Sen Road running through its heart. ING City is a burgeoning mixed housing and commercial haven, fostering socio-economic growth and providing a safe, peaceful, and enjoyable life surrounded by the beauty of nature. Major projects like PH Diamond Place and Aeon3 are propelling development in the area, making it a promising destination for those seeking a harmonious blend of modern living and the serenity of nature.
Each of these satellite cities represents a unique facet of Cambodia’s modernization and urban development. As they continue to evolve, they not only drive the real estate sector but also offer an exclusive and opulent lifestyle for those who choose to call them home. The future of living in Phnom Penh is envisioned with grandeur and elegance, defined by these burgeoning satellite cities.
