- Property type: Apartment
- Offer type: Rented!
- City: Phnom Penh
- Neighborhood: Bassac Lane , BKK 1 , Independence Monument
- Original Property ID: TLB.A12
- Bedrooms: 2
- Bathrooms: 2
- Property size: 100 m²
- Air Conditioning
- Ceiling fans
- City Centre
- City views
- Close to Aeon 1
- Close to embassies
- Close to Independence Monument
- Fully furnished
- Natural light
- Parking nearby
- Washing machine
Now available for rent is this 2-bedroom apartment with a large roof terrace with city views overlooking Independence Monument and a stone’s throw to Bassac Lane.
This is an unlikely find, a two bed / two bath apartment with a massive outdoor and private terrace – only a few minute’s walk to Bassac Lane, BKK 1, Independence Monument and Riverside.
Everything is at your doorstep!
The apartment itself has authentic Khmer terracotta floor tiling throughout the living room, kitchen, dining and bedrooms bringing in the outdoors in.
Augmented with unique views, this fully-furnished apartment is air-conditioned and has Wi-Fi, Cable TV, hot water, a washing machine and refrigerator.
All you will need is to simply move in.
Original ID: TLB.A12
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Amid widespread devastation of the hospitality industry by COVID, one area in Phnom Penh seems to be defying the odds.
It includes bustling Bassac Lane, St 308 and St 21 where you will find cozy, high end bars and restaurants surrounded by new condos and other night venues.
The neighbourhood is made up of groovy little streets with cool bars and eateries almost hidden away. It is the fun area with a distinct western vibe with bars in a different theme or style to suit.
COVID-19 slowed business here but it bounced back and now the night air is filled with music as people return to their old habits.
Bassac Lane is now so full of bars and hole-in-the-wall venues, that new venues are spilling into Street 308 and Street 21.
Because land prices here are 10-20% less than BKK 1, prices are cheaper all round. Prices of food and beverages are comparatively cheap. You can find a bar selling cocktails at $3, draught beer at $1 and meals from $5.
Amidst the general activity, there is a sense of optimism despite the tight border controls keeping tourist numbers down.
So instead of going to the usual haunts on Street 136 and Pub Street that have obviously been hard hit by the pandemic, check out Bassac Lane where the night lights are a little bit brighter.
Good guide to investing in Cambodia
Here is a good guide to investing in Cambodia that should steer you away from total financial disaster. The real estate market in Cambodia is extremely varied, more so than most countries, which can make investing either a smooth journey or a rocky one.
What separates a successful from unsuccessful investor is not pure luck, as many think, but the ability to recognise and avoid mistakes.
Investing in Cambodia is no different, so here are some things to consider before you part with your hard earned cash.
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.
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Phnom Penh real estate market in 2021
- ID: 15872
- Published: August 26, 2022
- Last Update: August 29, 2022
- Views: 783