Proximity to the capital’s international airport and the nearby burgeoning business district have made the city’s western neighbourhood a new favourite for wealthy investors
Axis Residences, just one of the new developments coming to the area
No high flyer wants to live too far from the city centre, but with excellent connectivity and a growing number of upscale lifestyle amenities, it’s clear to see why many savvy investors are moving in on one of Phnom Penh’s most rapidly developing suburban areas.
Located only five minutes from the airport and a short ride from the heart of Phnom Penh, the Cambodian capital’s western district has over the past 18 months firmly established itself as a desirable residential enclave, buoyed by the emergence of leading retail outlets, high-end residential developments, international schools and appealing dining options.
Northbridge International School
For homebuyers with children in tow, there’s little use in getting excited about a potential new neighbourhood until the school scene has been scoped out. Fortunately for western district residents, few international schools in Phnom Penh are on par with Northbridge International School and CIA FIRST International School.
Both have already garnered an enviable reputation among affluent Khmers and long-term expatriates for their internationally accredited curriculums and state-of-the-art teaching facilities. At Northbridge, future construction plans on the huge 81,00-square-metre campus include renovation of the secondary school building, a new science and technology annex, an aquatic sports complex and a Performing Arts Centre.
Artist’s impression of Parkson Mall
Although Malaysia’s Lion Group’s six-floor mall isn’t due to open until next year, there’s already considerable fanfare around the project that dubs itself a “one-stop centre for fashion, dining and entertainment”.
It will include, amongst other things, a supermarket, a Parkson department store, a beauty and fashion outlet, a bookstore, and home and electrical appliance stores. In addition to the retail outlets, there will also be numerous recreational facilities, including a cinema, gym, bowling alley, arcade and karaoke venue.
It will join the USD30 million Parkson Mall, located nearby on Russian Boulevard – set to open to the public in November – as Lion Group’s second Phnom Penh-based venture.
The infinity pool at Dara Hotel
High-end hotel amenities
For those looking to enjoy a cold one at the end of a long day, Blue Sky Deck at Dara Hotel offers unrivalled panoramic views of both the cityscape and surrounding countryside, next to a 20-metre infinity pool. If drinks turn into dinner, there’s a solid selection of appetizers, burgers and chicken wings on the menu, while a more substantial food menu can be found at the Blue Sky Restaurant on the hotel’s fifth floor.
The ambient establishment’s Asian fusion dishes and extensive wine menu are popular with the eclectic crowd of local businessmen and hotel guests.
Cambodian Country Club Equestrian Centre
The Cambodian Country Club has facilities to suit all tastes, but particularly worth mentioning in this list as it has the only equestrian centre in Phnom Penh.
With 30 horses and internationally qualified instructors, horse lovers will be in their element. There is also a pony club for kids to develop a passion for horse riding.
Horses are just one quiver in the CCC’s bow, however. The club also has tennis courts, a large swimming pool, a gym, and sports ranging from archery to badminton.
If that wasn’t enough, it also hosts social functions throughout the year, has an excellent bar and restaurant and just happens to function as one of the best hotels in the area.
Demand has been extremely high for this luxury residential project since it launched in 2015. Developed by Spring CJW Development and backed by backed by Singapore-based International Consultants SANWAH, AGA Architects, KCL Consultants & Azuri Engineers, Axis Residences was one of only a handful of condo projects recognised at this year’s industry-leading Cambodia Property Awards.
Set across eight 10-storey towers, the 566-unit development includes a wide selection of units ranging from 58-square-metre one-bedroom apartments to the impressive 244-square-metre penthouses.
The majority of units, which start from USD1,200 per sqm, have already been snapped up – primarily by overseas investors from Singapore, Taiwan and Hong Kong – and given Axis Residence’s extensive list of facilities, it’s not hard to see why. Tennis and basketball courts, a 50-metre swimming pool, playgrounds, BBQ pits and both indoor and outdoor gyms set amongst lush greenery can all be found in the 20,800 square-metre that is due to be completed in 2018. It is also the first condo development in Phnom Penh to feature pioneering utilisation of solar energy.
Learn more about Axis Residences here or visit the show unit. You can also get in touch on (+855 23) 636 8005 or (+855 70) 636 805.