Parc 21 Residence

Boeung Trabek, Chamkarmon, Phnom Penh

For sale$78,980$2,134/m²
7.0%Guaranteed Rental Return?
10%Downpayment Ratio?
60%Sold Rate?
12%Price Increase?
80%Construction Progress?
2022Completion Year

Parc 21 Residence

PARC 21 Residence is a 21-storey building with a total of 132 residential units with a balcony. Located in Boeung Trabek, Chamkarmon, the project is one of the newest developments in an area already popular with locals, expatriates, and tourists for its many shops and restaurants. Its surrounding vicinity is a mix of central business districts and areas earmarked for massive development in the next 10 years.

1. Prime Location

The Parc 21 Residence is located in the prime area of Boeung Trabek in Chamkarmon, Phnom Penh. This area is in the south-central part of the capital city and is considered a Tier 2 location surrounded by dozens of shopping, food & beverage, and other entertainment spots comparable to popular yet more expensive areas like BKK1 and Daun Penh. This associated lower cost, however, does not mean it concedes vital conveniences like road access.

The Parc 21 Residence is only 2 streets away from the Preah Monivong Boulevard which serves travelers going between the northern and southern areas of Phnom Penh. The project has equally convenient access to the Mao Tse Tsung Boulevard, the biggest road artery between the western and eastern parts of the city. This varied road access allows residents to easily go to key destinations like the AEON Mall 1, Chip Mong Noro Mall, Toul Tompoung (Russian Market), NagaWorld, and the Olympia Mall.

The Parc 21 Residence’s location lets residents be at arm’s length of everything happening in the city without the hustle and bustle of being at the middle of it all.

2. Quality Amenities

The Parc 21 Residence amenities are all located in the rooftop deck. These include an infinity swimming pool, jacuzzi, gym/fitness center, garden, and a skybar - all surrounded by a magnificent view of Phnom Penh’s growing city skyline.

Other amenities and services include: a common area, underground parking for cars and motorbikes, back-up electricity generator, and a property management service. Security in the property is 24/7 with sophisticated fire alarm systems and video surveillance.

3. Suited for families and young professionals, Cambodians and expatriates

The Parc 21 Residence has a total of 132 residential units, each with a balcony and are found in the 2nd floor up to the 22nd floor. The project’s units have 4 different types: three-bedroom and two-bedroom penthouse units, two-bedroom and one-bedroom apartments, and studio units.

Three-bedroom penthouses have an internal area of 211 sqm while two-bedroom penthouses range from 91 to 94 square meters. Its two-bedroom apartments measure 78 sqm and one-bedroom apartments measure 42 square meters. Studio units are also available and measure 37 square meters.

4. The ideal home property investment

The development targets the mid and high-income residents who seek to live in a comfortable atmosphere in central Phnom Penh. The development is also an investment option for the buyer who seeks to invest in the property with a high return rate of the investment.

Expats property seekers, in particular, prefer Boeung Trabek and BKK3 area compared to BKK1 and Daun Penh as it is a more vibrant and mixed community. Most expats in Cambodia, contrary to popular belief, are not wealthy or highly paid, and prefer cheaper rents that cover essentials. As a result, expatriate renters have grown to favor Tier 2 locations for larger sized apartments for sale and rent, and quieter lower rise neighborhoods for their lower associated costs. Boeung Trabek’s increasing popularity in this market is expected to propel this area of Chamkarmon into something that resembles BKK1 as early as 5 years from now.

Project Overview

Highlights

Security

Alarm SystemFire AlarmFire sprinkler system
Reception 24/7Video Security

Amenities

Car ParkingCommercial areaCommon AreaGym/Fitness Center
Lift / ElevatorNon-FloodingSwimming PoolBackup Electricity / Generator

Property Features

BalconyInternet / Wifi
Pay TVServiced Property

Views

City Views

Pricing by Room Type & Floor Plans

TypeSizePrice RangeNo. of UnitsFloorplans
Studio | Type D37m²$78,980 - $93,99318
Studio | Type E37m²$78,980 - $86,65313
One Bedroom | Type A54m²$113,329 - $128,99818
One Bedroom | Type B50m²$99,724 - $116,74418
One bedroom | Type C54m²$113,329 - $125,49018
One Bedroom | Type F43m²$96,940 - $101,30213
One Bedroom | Type G55m²$116,644 - $134,50018
Two Bedrooms | Type H78m²$186,460 - $187,8815

Properties in Parc 21 Residence

$81,538
$102,010
$122,483
$142,956
$163,429
$183,901
photo_2021-02-03_11-16-14.jpg at Parc 21  Residence | 1 Bedroom Type B
Parc 21 Residence | 1 Bedroom Type B
$104,331
photo_2021-02-03_11-16-14.jpg at Parc 21  Residence | 1 Bedroom Type B
Parc 21 Residence | 1 Bedroom Type B
$108,937
IMG_0066.JPEG at Parc 21 Residence | Studio Type E
Parc 21 Residence | Studio Type E
$78,980
photo_2021-02-03_11-16-14.jpg at Parc 21  Residence | 1 Bedroom Type B
Parc 21 Residence | 1 Bedroom Type B
$111,715
photo_2021-02-03_11-16-14.jpg at Parc 21  Residence | 1 Bedroom Type B
Parc 21 Residence | 1 Bedroom Type B
$114,898
RoomArtboard_5Parc_21_Type_G.jpeg at Parc 21 Residence | 1 Bedroom Type G
Parc 21 Residence | 1 Bedroom Type G
$128,890
RoomArtboard_5Parc_21_Type_G.jpeg at Parc 21 Residence | 1 Bedroom Type G
Parc 21 Residence | 1 Bedroom Type G
$135,845
photo_2021-02-03_11-16-14.jpg at Parc 21  Residence | 1 Bedroom Type B
Parc 21 Residence | 1 Bedroom Type B
$113,422
RoomArtboard_5Parc_21_Type_G.jpeg at Parc 21 Residence | 1 Bedroom Type G
Parc 21 Residence | 1 Bedroom Type G
$124,808
Parc 21 Residence | 2 Bedrooms Type H
Parc 21 Residence | 2 Bedrooms Type H
$186,460
P1311625.JPG at Parc 21 Residence | 1 Bedroom Type C
Parc 21 Residence | 1 Bedroom Type C
$113,329
photo_2021-02-03_11-16-14.jpg at Parc 21  Residence | 1 Bedroom Type B
Parc 21 Residence | 1 Bedroom Type B
$100,876
photo_2021-02-03_11-16-14.jpg at Parc 21  Residence | 1 Bedroom Type B
Parc 21 Residence | 1 Bedroom Type B
$107,108
RoomArtboard_5Parc_21_Type_G.jpeg at Parc 21 Residence | 1 Bedroom Type G
Parc 21 Residence | 1 Bedroom Type G
$126,849
RoomArtboard_5Parc_21_Type_G.jpeg at Parc 21 Residence | 1 Bedroom Type G
Parc 21 Residence | 1 Bedroom Type G
$119,668
Artboard-3.jpeg at Parc 21  Residence | 1 Bedroom Type B
Parc 21 Residence | 1 Bedroom Type B
$99,724
RoomArtboard_5Parc_21_Type_G.jpeg at Parc 21 Residence | 1 Bedroom Type G
Parc 21 Residence | 1 Bedroom Type G
$132,070
P1311643.JPG at Parc 21 Residence | 1 Bedroom Type A
Parc 21 Residence | 1 Bedroom Type A
$113,329
P1311643.JPG at Parc 21 Residence | 1 Bedroom Type F
Parc 21 Residence | 1 Bedroom Type F
$96,940
IMG_0062 (1).JPEG at Parc 21 Residence | Studio Type D
Parc 21 Residence | Studio Type D
$78,980
RoomArtboard_3Parc_21_Type_G.jpeg at Parc 21 Residence | 1 Bedroom Type G
Parc 21 Residence | 1 Bedroom Type G
$116,644
RoomArtboard_5Parc_21_Type_G.jpeg at Parc 21 Residence | 1 Bedroom Type G
Parc 21 Residence | 1 Bedroom Type G
$130,931

Payment Plans

InstallmentMilestonePayment
Booking Fee$1,000Standard Fee
Down Payment - Upon Signing SPA10% (Less Booking Fee)Depends on the actual unit price
Monthly Installments | Month 2 - Month 12)80% (10% x 5 times | 5% x 6 times)Depends on the actual unit price
Upon Handover10%Depends on the actual unit price
InstallmentMilestonePayment
Booking Fee$1,000Standard Fee
Down Payment - Upon Signing SPA30% (Less Booking Fee)Depends on the actual unit price
Monthly Installments | Month 2 - Month 1255% (5% x 11 times)Depends on the actual unit price
Upon Handover15%Depends on the actual unit price
InstallmentMilestonePayment
Booking Fee$1,000Standard Fee
Down Payment - Upon Signing SPA90% (Less Booking Fee)Depends on the actual unit price
Upon Handover10%Depends on the actual unit price
InstallmentMilestonePayment
Booking Fee$1,000Standard Fee
Down Payment - Upon Signing SPA30% (Less Booking Fee)Depends on the actual unit price
Upon Building Topping Out20%Depends on the actual unit price
Upon Handover50%Depends on the actual unit price
InstallmentMilestonePayment
Booking Fee$1,000Standard Fee
Down Payment - Upon Signing SPA100% (Less Booking Fee)Depends on the actual unit price
InstallmentMilestonePayment
Booking Fee$1,000Standard Fee
Down Payment - Upon Signing SPA10% (Less Booking Fee)Depends on the actual unit price
Developer Loan | 5-10 Years90%Depends on the actual unit price

Developer and Location Profiles

JV Parc Residence Co. , Ltd.

JV Parc Residence Co. , Ltd.

For Sale

For Sale

3 Homes

For Rent

For Rent

0 Homes

Area

Area

Phnom Penh

0

Agent

0

Chamkarmon

Buy

Buy

$53K - $994K

Rent

Rent

$600 - $2K

1847

For Sale

1847 Homes

For Rent

For Rent

16919 Homes

Common Q & A

How much do units cost in Parc 21 Residence?

The starting price for units in this project is $78,980.00.

For a Studio | Type D prices fluctuate between $78,980 - $93,993 depending on the level and facing direction of the property. There are currently 18 units with floor area being 37m².

For a Studio | Type E prices fluctuate between $78,980 - $86,653 depending on the level and facing direction of the property. There are currently 13 units with floor area being 37m².

For a One Bedroom | Type A prices fluctuate between $113,329 - $128,998 depending on the level and facing direction of the property. There are currently 18 units with floor area being 54m².

For a One Bedroom | Type B prices fluctuate between $99,724 - $116,744 depending on the level and facing direction of the property. There are currently 18 units with floor area being 50m².

For a One bedroom | Type C prices fluctuate between $113,329 - $125,490 depending on the level and facing direction of the property. There are currently 18 units with floor area being 54m².

For a One Bedroom | Type F prices fluctuate between $96,940 - $101,302 depending on the level and facing direction of the property. There are currently 13 units with floor area being 43m².

For a One Bedroom | Type G prices fluctuate between $116,644 - $134,500 depending on the level and facing direction of the property. There are currently 18 units with floor area being 55m².

For a Two Bedrooms | Type H prices fluctuate between $186,460 - $187,881 depending on the level and facing direction of the property. There are currently 5 units with floor area being 78m².

What are the highlights and facilities?

Highlights in this project include: High Return Yield, High Appreciation Value, Developer Financing and Promotional Discount.

Facilities include: Backup Electricity / Generator, Car Parking, Commercial area, Common Area, Gym/Fitness Center, Lift / Elevator, Non-Flooding and Swimming Pool.

What are the ongoing costs of owning a condo at Parc 21 Residence?
Parc 21 Residence has as a management fee of 0.50$ per sqm. This fee is used for the maintenance of common areas and other facilities within the building/complex.
How much is the Guaranteed Rental Return (GRR) at Parc 21 Residence?
Parc 21 Residence offers a GRR of 7% for 3 years.
What are the amenities and facilities within Parc 21 Residence?
Parc 21 Residence has multiple facilities ideal for residents, these include: an infinity swimming pool, jacuzzi, gym/fitness center, garden, and a sky bar.
Can foreigners own properties in Parc 21 Residence?
Yes, foreigners can fully own property within Parc 21 Residence through strata titles. These titles are registered and recognized on a national level and are the go-to property titles for foreign buyers/non-Cambodian citizens.
When will the project be completed?
The project is scheduled for completion by the end of June 2022.
Is this project working with any banks for a home loan?
At the moment, this project does not have any partnership with a bank. We recommend visiting any local bank of your choice to see if they can assist you with a home loan for this project.
Could foreigners apply for a bank loan?
Unfortunately, this development is not cooperating with any bank that provides home loans for foreigners. However, Realestate.com.kh can recommend other properties offering bank loans for foreigners.
What are nearby attractions and conveniences?
Parc 21 Residence is close to popular destinations in the city such as, Toul Tompoung (Russian Market), AEON Mall 1, Chip Mong Noro Mall, NagaWorld, and the Olympia Mall. The development is close to schools like BlueBird British International School, CIA First International School, The Giving Tree International School, iCAN British International School, Canadian International School (CIS), East-West International School. These selection of conveniences make it ideal for young professionals, families, expatriates, and as property investments for foreign buyers.

Loan Calculator

BRED Bank
Phillip Bank
30%
%
years
$890/month
Property Price
$78,980
Interest
$19,432
Total
$98,412

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