Phnom Penh
Once known as 'The Paris of the East', Phnom Penh retains the
architectural evidence of its French colonial rule, with the old
French Quarter being the most desirable part of the city to live.
Developers in the area maintain the beauty of the historical
architecture by merely renovating the interiors of buildings, thus
creating a stunning juxtaposition of old and new. Situated on the
river, the French Quarter hosts the Old Market, and boasts a café
culture that would rival any Western European city. The nearby
Royal Palace adds a dash of majestical splendour to the
neighbourhood, as do the many palaces and wats (temples) that
season the colonial city with relics from its ancient history.
The skyline of Phnom Penh is destined to change as Korean
developers muscle in to gain a piece of the market. Plans are
in place to create giant high-rise buildings and condominiums with
up to 42 storeys.
Siem Reap
Siem Reap: the gateway to the world-famous Temples of Angkor,
draws thousands of tourists every year. The proximity of the city
to the UNESCO World Heritage site makes it an ideal location for a
few days' stopover on the great tourist trail, and consequently
there is a high – and still growing – demand for accommodation for
the many world travellers. The city itself is relatively small and
easily accessible to the average pedestrian, with its fair share of
restaurants and hotels- many under construction and renovation to
cope with increasing demand.
Sihanoukville
230 kilometres south-west of Phnom Penh, lies Sihanoukville, a
town in its adolescence, created in the 1960s and promptly stifled
by the repressive regime in power. Now though, it is emerging as a
hotspot destination thanks to its dream beaches with swathes of
white sands and deep blue waters. Luxury villa complexes are
springing up along the miles of beach front selling the luxury
lifestyle to those wanting to cash in on the idyl of beach life.
Enticing investment opportunities are therefore created for both
lifestyle and investment buyers.
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