- 24 Hour Security
- Air Conditioning
- City views
- Close to Chinese Embassy
- Close to Russian Market
- Close to schools
- Elevator access
- Fully furnished
- Hot water
- Natural light
- Tourism location
- TV Cable
This comfortable European styled 2-bedroom apartment for rent offers a tranquil environment in the thriving area of Toul Tumpong, Russian Market.
Each unit in this pleasing building has its own balcony with a city view.
And they are only 5 minutes’ walk to Russian Market, Boeung Trobek Plaza, Vietnamese Embassy and various shops, sporting venues and restaurants.
- Living room with comfortable sofa, 32” TV and Wi-Fi modem
- Bedroom with desk, TV, quality mattress and wardrobe
- Kitchen with gas / electric stove, smoke extractor, dining table / chairs, refrigerator
- Hot water / air-conditioning
- Modern bathroom with hot water shower
- Emergency fire stairs with central light well
- 24-hour security
- On-site maintenance
Apartment service charges:
- English-speaking receptionist
- Cleaning 2 x week ($30/month)
- Internet ($20/month)
- Cable TV 70 Chanel ($5/month)
- Deposit for elevator keycard ($10/person)
- Water ($5/month)
- Electricity ($0.25/kWh)
- Laundry service one person ($30/month)
Original ID: TTP.AC28
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Russian Market area:
The busy districts surrounding Russian Market are some of the best in Phnom Penh for tourists and locals alike.
Its name harks back to the large Russian expat population back in the 1980s.
In the market, you will find many souvenirs, such as silk cloth and scarves from the provinces, stone carvings and other religious icons, western and local handbags and branded clothing from local factories.
Further inside is an array of fresh foods – fruit, vegetables, seafood and fish.
There are also household items like lamps, wood carvings, fabrics and kitchen wares. At night there are many restaurants serving freshly grilled seafood.
Well priced accommodation centre around the market and Wat Toul Tom Pong.
Nearby you will find many retail outlets catering to foreigners like – Zando, Sundown, Brand Collection, Corner Cafe, Vega, Brown, Starbucks and Amazon Cafe.
On virtually every corner there is a pub or bar where you can find anything from cheap beer to high-end wines and cocktails.
If you live here, you will be within walking distance to everything.
Renting made easy
Phnom Penh real estate, especially the rental market, is not easy to navigate around as there’s a lot on offer and prices vary depending on where, when and what you are looking for.
The city offers a range of properties, so it is important you know what is available.
Covid made things difficult for everyone and all over Phnom Penh, people started negotiating heavily.
Although there is some residual goodwill, much has gone and prices are now close to pre-pandemic levels. Don’t expect real estate miracles anymore!
There are essentially four types of rental options (Khmer style shop house, renovated shop house, western apartment, condo / serviced apartment) each with a distinct feature and price tag, depending on location…
Post Covid, 2022 and a brave new normal
There is some doubt as to what a post Covid world will look like even though many say things will be back to a brave new ‘normal’ by the end of 2022.
It is widely known that the pandemic changed consumer behavior and spending habits enormously.
The suspension of regional and international travel, for instance, directly impacted retail, tourism and hospitality sectors across the globe.
This led to a rise in online shopping and entertainment platforms and is likely to create long-term effects on retail markets and eventually real estate.
However, the market remains in flux and has already changed irrevocably due to shifted consumer habits (and now the Ukraine war will play a role).
How this will affect real estate in any significant way post 2022 is yet to be seen, but aspects of building design and transport are likely to change as a result.
Major retail to dominate city by 2025
According to a recent report, major retail spaces in the city of Phnom Penh are expected to dominate, growing to just under 1M sqm by 2025 across 62 shopping destinations.
This phenomenon is driven by the now global expectation of the youth generation (Gen Z and Millennials).
Quite simply, they want more and better shopping. They also want a wide range of entertainment options under one safe and comfortable air-conditioned roof.
They differ from previous generations in that they consider the journey to be as important as the destination.
If not, more. Shopping isn’t just about buying stuff, it’s about meeting friends and sharing experiences.
More and more, we are witness to product launches, fashion shows, dance and singing competitions (the list goes on) offered as extras to the shopping environment.
This is changing the major retail landscape in most cities across the globe… and now Phnom Penh.
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- ID: 18040
- Published: November 1, 2022
- Last Update: November 1, 2022
- Views: 1041