Real estate prices in Phnom Penh has been increasing steadily in the last few years. Affordable housing near the city center seems so far out of reach for low-income, medium-income and young citizens but “Arakawa” one of the largest real estate company from Japan aim to change that. Investing $70 million dollars in Arakawa Residence, 10 truly affordable residential buildings are breaking ground ranging between 20 to 24 stories, it is located behind “Royal Phnom Penh Hospital” on Russian Federation Blvd, Sangkat Tuek Thla, Khan Sen Sok, Phnom Penh.

Arakawa Residence will supply about 1,632 condominium units with 4 variety of types to pick from, a 22.7sqm studio unit, a 23.9sqm corner studio unit, a 46.3sqm 2 bedrooms unit and a 47.5sqm corner 2 bedrooms unit. Each unit will be equipped with basic house furniture such as kitchen and bathroom sink, kitchen cabinet and toilet etc. Each type of the studio units will be priced around $30,000 to $40,000 and the 2 bedrooms units will cost you around $50,000 to $60,000. Arakawa also have 3 floors of each building dedicated to car, motorcycle parking and 1 floor filled with market and shopping stands.

When it comes to affordable housing that is close enough to the downtown area, Arakawa Residence really nailed it with the accessibilities to everywhere with ease and convenience. International schools, restaurants, supermarkets, and almost every destination is within a 20 minutes drive.