Chroy Changvar district is situated in the northern part of Phnom Penh City with a total population of more than 159,000. It has a land area of 85 square kilometers and is divided into five communes: Chroy Changvar, Bakheng, Prek Leab, Koh Dach and Prek Tasek.

Of all Phnom Penh's suburbs, Chroy Changvar is considered the fastest development district in terms of real estate projects, attracting two satellite cities projects: Garden City and Chroy Changvar Satellite City, condominium, housing and plot land project.

Chroy Changvar Could Be Phnom Penh's Next CBD

Ms. Tang Hour, CEO of Amatak Property Service, said: “Chroy Changvar is conducive to residential projects with two rivers: Tonle Sab and Tonle Mekong. Based on the potential of development projects in the district, there is a strong possibility that it will become Phnom Penh’s next Central Business District (CBD) in the near future after Chamkarmon, Boeung Keng Kang, Daun Penh, 7Makara and Toul Kork district.”

Regarding real estate development, Chroy Changvar has attracted many luxurious condo projects such as MORGAN ENMAISON comprising five buildings: two with 48 floors and the other three with 54 floors, 45-storey WEALTH MANSION Condo, 41-story LA VISTA ONE Condo and 25-storey The Peninsular Private Residence Condo, she added.

In addition to Condo, Chroy Changvar has plenty of mid to high-end housing projects including Borey The Mekong Royal, Borey Peng Huoth, Parkland 6A by Chip Mong Land, Borey Phnom Penh Park, Borey Morgan Park Villa, Borey Nadi, Borey The Flora and so on. The affordable housing project – Borey Leng Navatra -- has also launched the biggest project in the district with price as low as $30,000 dollars per unit.

Land Price in Chroy Changvar District

The rapid development of Chroy Changvar district has pushed land price to rise significantly over the past 5 years despite the negative impact of the Covid-19 pandemic. In an interview with local media, Men Vicheaka, Branch Manager of Century 21 Zillion Holding, said that land price in Chroy Changvar district has kept rising thanks to the influx of real estate development in the area, especially Borey and condo projects.

In Chroy Changvar district, two communes: Bakheng and Koh Dach have lower land price compared to other three communes. Land price in Bakheng can be found from $200 to $800 dollars per square meter in main roads and from $80 to $300 dollar per square meter in smaller roads while land price in Koh Dach starts from $50 to $300 per sqm depending on locations. Land price in the two communes have high rate of annual appreciation, he added. 

Other three communes: Chroy Changvar, Prek Leap and Prek Tasek have land price of $800-$3,500 per sqm, $200-$2,500 per sqm and $80-$800 per sqm, respectively based on location potential of each commune.

Infrastructure Development in Chroy Changvar District

Infrastructure projects have also been built and planned to respond to the fast speed of real estate development in Chroy Changvar district. The Bakeng water treatment plant was built in February 2021 with a budget of about US$190 million.

As the largest water treatment plant ever built in Cambodia, the project will be implemented in two phases: first phase can produce up to 200,000 cubic metres/day of clean water by the first quarter of 2023 and second phase 400,000 cubic metres/day by the first quarter of 2024.

Meanwhile, two new roads in the district have also in the government's plan. In the video zoom meeting on September 06, 2021, the Phnom Penh Municipal Administration plans to build additional two roads in Bak Kheng and Prek Tasek commune with its connection from NR6A to Win-Win boulevard.

Phnom Penh Governor Khuong Sreng said the two roads will further ease traffic in Chroy Changvar district, especially along NR6A and will be used to facilitate travelling to Morodok Techo stadium during the 2023 SEA Games.

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