Parc 21 Residence
Downpayment Ratio
10%
Price Increase
12%
Construction Progress
100%
Completion Year
2022
Contact Us
+85561 777 090
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Description
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.
Parc 21 Residence became one of the first condominium projects in Chamkarmon to open its doors to residents on 9th of December, 2022. Contact us for a consultation and a viewing!
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Parc 21 Residence
Boeung Trabek, Chamkarmon, Phnom Penh
Parc 21 Residence
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.
Parc 21 Residence became one of the first condominium projects in Chamkarmon to open its doors to residents on 9th of December, 2022. Contact us for a consultation and a viewing!
Project Overview
Highlights
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Amenities
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Payment Plans
Installment | Milestone | Payment |
---|---|---|
Booking Fee | $1,000 | Standard Fee |
Down Payment - Upon Signing SPA | 20% (Less Booking Fee) | Depends on the actual unit price |
Monthly Installments | Month 1 - Month 7 | 70% (10% x 7 times) | Depends on the actual unit price |
Upon Handover | 10% | Depends on the actual unit price |
Installment | Milestone | Payment |
---|---|---|
Booking Fee | $1,000 | Standard Fee |
Down Payment - Upon Signing SPA | 50% (Less Booking Fee) | Depends on the actual unit price |
3rd Month | 40% | Depends on the actual unit price |
Upon Handover | 10% | Depends on the actual unit price |
Installment | Milestone | Payment |
---|---|---|
Booking Fee | $1,000 | Standard Fee |
Down Payment - Upon Signing SPA | 90% (Less Booking Fee) | Depends on the actual unit price |
Upon Handover | 10% | Depends on the actual unit price |
Installment | Milestone | Payment |
---|---|---|
Booking Fee | $1,000 | Standard Fee |
Down Payment - Upon Signing SPA | 10% (Less Booking Fee) | Depends on the actual unit price |
Developer Loan | 5 Years | 90% | Depends on the actual unit price |
Location Overview
Chamkarmon
Buy
$104K - $957K
Rent
$650 - $3K
For Sale
917 Homes
For Rent
15629 Homes
View Location
Common Q & A
- What are the highlights and facilities?
Highlights in this project include: High Return Yield, High Appreciation Value, Developer Financing, Project Complete and Promotional Discount.
Facilities include: Backup Electricity / Generator, Car Parking, Commercial area, Common Area, Gym/Fitness Center, Lift / Elevator, Non-Flooding and Swimming Pool.
- What are nearby attractions and conveniences?
- Parc 21 Residence is close to popular destinations in the city such as, Toul Tompoung (Russian Market), AEON Mall 1, Chip Mong Noro Mall, NagaWorld, and the Olympia Mall. The development is close to schools like BlueBird British International School, CIA First International School, The Giving Tree International School, iCAN British International School, Canadian International School (CIS), East-West International School. These selection of conveniences make it ideal for young professionals, families, expatriates, and as property investments for foreign buyers.
- What are the ongoing costs of owning a condo at Parc 21 Residence?
- Parc 21 Residence has as a management fee of 0.50$ per sqm. This fee is used for the maintenance of common areas and other facilities within the building/complex.
- When will the project be completed?
- The project is scheduled for completion by the end of June 2022.
- How much is the Guaranteed Rental Return (GRR) at Parc 21 Residence?
- Parc 21 Residence offers a GRR of 7% for 3 years.
- 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.
- 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.
- 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.
- 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.