Enormous Riverfront apartment with generous private terrace for sale | Daun Penh Riverside

Details

This enormous riverfront 2 bedroom apartment with an unusually large private terrace is now available for sale with panoramic river views (perfect for the River Festival) and generous open living and dining area. The property includes two self contained apartments with secure access from a well maintained stairwell. Both properties have been looked after well and promise good experiences to the new owner.

Riverfront apartment private terrace features:

• Tastefully and fully furnished with entertainment in mind
• Treated hardwood flooring throughout
• High cathedral ceilings giving an uncompromising sense of space
• Luxury bathroom with bath
• Galley kitchen with island bench
• Natural light from an eastern orientation
• Unbeaten river views
• A/C and hot water
• EDC / Water (State rates)
• Direct street access with well-maintained and clean stairwell
• Potential to install elevator in stairwell
• Hard title

Original ID: DP2.O8

Riverside: the real downtown near the palace and museum

Day and night Riverside 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 to Battambang.

Generations of days gone by have left their footprints from Angkor kings to French colonists to UN troops. Riverside witnesses the confluence of the Mekong, Tonle Sap and Bassac rivers and where the Water Festival is best viewed each November. It is always stunning, especially at sun up 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 – from art gallery to market stall, $5 massages and 5-star hotels

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.

Friends Café has made a bold statement and the Mansion House seems to be waiting for reincarnation. When the Hyatt opens 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 the inspired new generation of architects and artists. As of last week, digging has started. My guess is a shopping centre, possibly with apartments too!

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Phnom Penh real estate market in 2021