Great location 1 bedroom apartment for sale near Royal Palace | Daun Penh

Details

This well-proportioned 1 bedroom, 2nd floor renovated apartment is now available for sale in Daun Penh barely 100m from the Royal Palace.

With high ceilings, windows with views at either end of the apartment and a balcony, it offers a pleasant living experience for those on a budget.

With the calming chanting from the nearby pagoda, natural light and light breezes, you will enjoy a healthy lifestyle within a minutes’ walk to and from the Royal Palace.

It has recently been renovated and all appliances and furniture are new.

The apartment above is also available for sale, offering the opportunity to combine them both and create something special… or keep them as is, drawing in good ROI!

Apartment features:

• Air-conditioning/hot water
• Refrigerator/washing machine
• Balcony
• Loads of natural light
• Recently fully insulated
• Soft title

Original ID: DP4.H52

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About Wat Phnom

Wat Phnom is a Buddhist temple built 1372, about 27m high, making it the tallest religious structure in the city.

According to legend, the original pagoda housed four Buddha statues deposited by the Mekong River.

They were later discovered by a woman named Penh and the city’s origin, therefore, is attributed to her.

Wat Phnom is part of Riverside, a busy district and probably the real downtown of Phnom Penh.

Riverside incorporates areas like Phsar Chas, Phsar Kandal, Chey Chumneas and Chaktomuk: the oldest parts of the city.

Daun Penh: the real downtown

Day and night Riverside, Daun Penh, is busy.

It is probably the real downtown Phnom Penh where the oldest parts of the city are located.

I am referring to Wat Phnom, Phsar Chas, Phsar Kandal, Chey Chumneas and Chaktomuk and the Royal Palace and National Museum of course!

Preah Sisowath (honoring King Sisowath 1904 to 1927 reign) is the avenue / boulevard running along the riverfront.

It starts at the Buddhist Institute near Sothearos Boulevard. Then continues north to the Japanese Bridge where it becomes National Road 6 leading north to Battambang.

Generations of days gone by have left their footprints from Angkor kings to French colonists to UN troops.

But now Riverside witnesses the confluence of the Mekong, Tonle Sap and Bassac rivers where the Water Festival is best viewed each November.

It is always stunning, especially at sunup and sundown.

In Riverside, there is a wide selection of restaurants, wellbeing services, hotels, shops and bars aimed at tourists.

Among the restaurants, you will find good selections – German, Italian, French, Chinese, Korean, Japanese, Vietnamese, Thai, Indonesian and Malaysian.

A personal reflection on Riverside, Daun Penh

Street 172 is punctuated with $3 massage joints and bars occupied by grey faces framed with light grey hair.

Yet, just around the corner, Street 178 is now arguably the rising art gallery district of Phnom Penh with the University of Fine Arts a stone’s throw away.

This is the dichotomy of Riverside and the attraction of opposites that makes it such an interesting place!

Friends Café has made a bold statement and the Mansion House seems to be waiting for reincarnation.

Now the Hyatt has opened its doors to the Jet set, it may well be a different designer-schmick precinct to what is currently now.

In fact, when you look up along 172, the standard of shophouses is somewhat ‘better’ than in other parts of the city: it could be the rising star of Daun Penh and Riverside.

In the streets around Riverside, there is a sense that there are too many hostess bars, each vying for a shifting slice of the tourist and expat pie.

Rents will rise with the inevitable escalation of land values and the ROI of each vendor’s patch will become more and more critical as the clock ticks.

Looking at Phsar Kandal and the open block where Prey Sar prison once sat, one can’t help but wonder what’s coming next.

Given its proximity to the riverfront and the 172 and 178 ‘sweet spot’, maybe there is something special waiting in the sidelines.

Something for inspired new generation of architects and artists.

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About Phnom Penh property

Phnom Penh real estate market in 2021