If you’re looking for properties here in Meanchey, take a look at our listings down below.
Located in the Southeast of the city, Meanchey has a total square metreage of 43.8 km2, making it one of the largest districts in the capital and one of the most populous.
In 2019 estimates were that over 200,000 residents lived in the Meanchey district; here, we see plenty of real estate options to cover many people’s requirements.
Meanchey consists of the following Communes:
Until recently, Meanchey was a relatively quiet and underdeveloped area of the city, but over the last 20 years, it has seen somewhat of a renaissance period.
International property developers have been busy. An abundance of industrial developments has emerged, bringing about a much-needed facelift for the area.
Meanchey today is one of the fastest developing districts in Phnom Penh.
There are over 5000 Borey projects in the country.
If you are unfamiliar with the term ‘Borey’, it refers to a gated community.
Meanchey is home to numerous developments such as:
We regularly have housing options inside Boreys for sale and rent in the Meanchey district.
The price scale for these varies depending on amenities and size. Villas and link houses range between $100,000 to over $1 million are commonplace.
However, condos in the area are now commonplace and can range from as little as $35,000 and go upwards of $200,000.
Vast tracts of land are readily available in Meanchey and at a much lower cost than other districts in the city.
Commercial land is generally more expensive than residential. Anything situated on the main city roads is priced higher than along access roads.
The communes are usually uniformed in design and prices, with Steung Meanchey being the most expensive commune in the district.
Affordability is everywhere here, as many Chinese developers have been buying land for many years for residential and commercial ventures. Chinese developers are considerably cheaper than their more affluent Asian counterparts from Singapore, Hong Kong, or Western developers.
Prices will undoubtedly rise once travel restrictions are eased, and Meanchey will be one of the districts that will move quickly.
To many, the surrounding areas located in the suburbs are commonly known as the ‘factory district’ in the city.
With over 1500 registered operating factories in the country, this is big business. The countries industry has been one of the success stories in the Kingdom in the past ten years, with garments, plastics, beverages, shoes and more found within the confines of the Meanchey district.
The good news for people considering the area is that affordable housing is what developers look toward with industrial businesses in the area.
Many newer buildings offer great buy or rental prices geared towards workers who are getting bought by foreigners. They offer great sell-on potential as the area continues to grow. And this also applies to Borey’s that focus on workers and their families.
Meanchey, especially Hun Sen Boulevard, has become somewhat of a go-to spot for many local, Asian, and international property developers.
Interest has come from some of the world’s biggest named developers, and here are some reasons why:
At the end of the 2010s, ING City came into Meanchey. It started on a vast development covering 2600 hectares and consists of residential, commercial, and retail outlets.
Here we also have more significant mix-use and residential developments such as:
Last but certainly not least is AEON Malls 3rd development, which is purported to be a Mega Mall bigger than AEON Mall and AEON 2 combined, will be opening.
The economic growth of an area is dependent on infrastructure developments, and Meanchey follows suit.
Over the previous five years, road development has been at the forefront of the government push in the area; also, sewerage has been upgraded to accommodate Hun Sen Boulevard.
In addition to this, fly-overs have eased traffic congestion in the district, and a pumping station between Hun Sen Boulevard and Boeng Tumpun fixed flooding issues. There have also been upgrades to the canals.
Meanchey has a good road network, you will still find the occasional potholed street, but these are now found only in the village areas. There is a reliable and regular bus service and plenty of motos and tuk-tuks in the area to move around.
Meanchey has an abundance of:
Boeng Tumpun and Steung Meanchey Market are vibrant with fresh produce and goods aplenty.
For people needing western supplies, there is a Lucky Supermarket, Phnom Penh Superstore and a Smile in the area.
Meanchey has a plethora of eating places to choose from local smaller cafeterias with local food and fare to middle and higher-end options.
Since the development of the area, you will now find many Japanese, Korean and Chinese restaurants.
There are also many cafes and coffee shops from local hole-in-the-wall places up to international names like Amazon, Brown Coffee and Koi, to name just a few.
There are now sports and recreation centres dotted around such as:
Akira Sports Club is known for having one of the best pitches for football in the city today.
In less than two decades, Meanchey has been transformed from a dead part of Phnom Penh’s Southern part into one of its most bullish areas.
Accommodation at all levels is plentiful and would suit a wide range of budgets and requirements.
Investing in Meanchey now, especially in a global downturn, will see an almost unbreakable return on investment (ROI) or very low rental levels.
Meanchey will continue to be the industrial workhorse of the city. However, with new condominium projects completed and more approved, living and investing at a much higher level is available, as now there’s something for everyone in Meanchey.
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