Newthorpe, United Kingdom (PressExposure) July 14, 2009 -- Phnom Penh has a grace and beauty not found in other Asian capitals. This vibrant Cambodian city has a rich and varied French Colonial heritage including villas, churches and boulevards.
Between the granting of independence and the dark days of the Khmer Rouge, a new golden era of architecture emerged, driven by French-educated Khmer architects. This was characterised by a fusion of Bauhaus, European post-modern architecture, and traditional elements from Angkor.
Fortunately enlightened developers are preserving and refurbishing these timeless buildings to offer a mix of heritage, modernity and sumptuous amenity.
DSR Asset Management Ltd have a new release of 1 - 2 bedroom apartments for sale in French Colonial Phnom Penh competitively priced from Â£29,000 - Â£90,000. The refurbishment has been carried out to very high standard.
David Redfern of DSR said âAfter a little over a year of developing these units in Phnom Penh, we are very relaxed that at each interval demand has easily outstripped supply - both in terms of the sales and rentals.â
Phnom Penh is serviced by a modern international airport, and the city is experiencing massive growth as it is being discovered by a wider global audience.
The apartments can be fully-managed to produce hassle-free income from letting and there is a queue of customers for flats like these.
âAll of the units developed so far are tenanted, and the developer and management company have a waiting list of expats ready to rent those that will be completed and hitting the rental market this quarter.
This is a great position to be in and demonstrates that the market is very hungry for high quality, stylish, well located accommodation like French Colonial,â said David
In the sought after riverside French Quarter demand for property of this type far exceeds supply and capital growth is running at an astonishing 17-20% per annum.