The only project from Phnom Penh, the capital of Cambodia, to win at the 2019 PropertyGuru Asia Property Awards Grand Final.
Urban Village combines the feel of Khmer-style villages with the modern urban lifestyle, providing an intelligently designed community for a new generation of Cambodians.
Phnom Penh is rapidly urbanising. Inhabited by over 2 million people, the Khmer capital is predicted to host a population of 3 million by 2035. The fast-growing metropolis is also home to a young working populace, with Cambodia having the largest youth and adolescent population in Southeast Asia.
With the continued influx of FDI into the country and a strong growth in the credit and mortgage subsectors over recent years, demand for decent, comfortable residential spaces has decidedly increased among locals. In Q3 2020, the total supply of condominiums across Phnom Penh grew by almost 4% with the completion of the Urban Village apartment complex, according to figures by CBRE.
Urban Village, a project by Hong Kong developer Urban Hub (Cambodia) Co., Ltd, was built with locals in mind. Approximately 70 percent of its residents are locals, including first-time home buyers and middle-class Cambodians. It has also provided great living spaces for expatriates and foreign investors looking to integrate themselves in the country.
“Urban Village is more than just concrete buildings – what we are building here can’t be found anywhere else in Cambodia,” says Urban Hub founder and chairperson Ben Li in a statement.
“We have a mission to provide a community for the second generation of young Cambodians. We are focusing on building a community that puts the interests and experiences of the residents first,” says Catherine Chan, founder and executive director of Urban Village.
“We represented Cambodia to win the Best Condo Development in Asia Award for the first time in history in 2019 and this year we are proud to be nominated and represent Cambodia again for this award,” she adds.
Urban Village bested many residential projects across the region for the title of Best Condo Development (Asia) at the 14th PropertyGuru Asia Property Awards Grand Final – the only development from Cambodia to win at the ceremony that gathered the best of the best in Asia-Pacific. It was among many accolades it garnered from the PropertyGuru Asia Property Awards since 2019. This year at the 5th PropertyGuru Cambodia Property Awards, Urban Village won Best Condo Development (Cambodia), Best Condo Development (Phnom Penh), and Best Co-Working Space, plus several Highly Commended citations.
There is little wonder why it received this honour. By taking inspiration from traditional villages in the Khmer countryside and putting a modern twist to them, the development sharply focuses on the lifestyles of the Cambodian community. As such, Urban Village offers “luxury but affordable” homes, each unit boasting stunning interiors as well as oversized, flexible layouts that residents can easily re-organise.
Designed by architecture firm Atelier Cole, Urban Village is built to international standards. The development comprises 1,458 units, and home buyers and tenants have a diverse choice of studios, one- to three-bedrooms, and duplex lofts.
A winning feature of the project is the fact that 45 percent of its total area has been allocated for open spaces, giving residents a green, verdant reserve in the middle of the urban jungle. On different floors of the property, communal gardens allow residents to relax and socialise with each other.
One of the most environmentally friendly residential developments yet in Phnom Penh, the development boasts 100% ventilation in its bathrooms and kitchens. Each unit also comes with at least one balcony while strategically placed windows ensure natural light shines brightly into your home every day. These design touches will certainly help give residents extra savings in utilities in the long run.
Urban Village has an unbeatable location near the Independence Monument between Hun Sen Boulevard and National Road No. 2, an in-demand development area surrounded by schools, hospitals, and shopping malls, including the enormous Aeon 3. It also stands adjacent to another Urban Hub project: Factory Phnom Penh.
The city’s only and biggest creative hub – and possibly Southeast Asia’s – Factory Phnom Penh is a gathering place for the region’s young and wise creatives. It is equipped with Cambodia’s biggest co-working space and art gallery and even hosts the country’s first trampoline park.
Situated next to the artsiest institution in the city and offering an array of layouts and options for all budgets, Urban Village is genuinely the place to be for Cambodians looking for an attainable level of luxury living. Best of all, it provides fun and excitement beyond the condo life.
***This article has been originally published in PropertyGuru Property Report 2021.