This luxury 3-bedroom apartment in a serviced condo building in Toul Svey Prey near Russian Market and Olympic Stadium, central Phnom Penh is now available for rent.
- Central A/C
- State of the Art Fitness Centre with rooftop infinity swimming pool
- 24-hour security / reception
- Electric oven and cooking top
- Cleaning service 2 x weekly
- Washing machine / refrigerator
- Smoke alarms
- Electricity $0.27/kwH
- Water $20/month
- Car parking $50/month
Original ID: TSP.K6
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Abode Real Estate has an apartment, condo, office space for rent or for sale in Phnom Penh, Siem Reap, Kampot and Sihanoukville.
About Russian Market area:
The busy districts surrounding Russian Market (Tuol Tompong and Boeung Tompong) 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 like 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 food – fruit, veg, seafood and fish.
There are also items like lamps, wood carvings, fabrics and kitchen wares. At night there are many restaurants serving freshly grilled seafood. Budget accommodation centres around the market and pagoda.
Nearby you will find many retail outlets catering to foreigners like – Zando, Sundown, Brand Collection, 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 around Russian Market, you will be close to everything.
Postcode 12000 Phnom Penh real estate 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!
Moving to Russian Market area?
Moving house – best you use a checklist as it can be a daunting task.
Not only is it an emotional journey, but you’ll have reams of admin.
Here’s a checklist to help you tick off (and fill) your boxes! Even before moving house, change your address
- Start doing this 30 days before the move. Sometimes a phone call will do, but often you may have to provide proof of the new address to certain institutions, so giving yourself a head start will help to shorten your to-do list.
- In some cases you may be able to receive statements and accounts by email. This cuts down on paper wastage and ensures an easier address change process.
Some institutions you should notify, plus a few extra things
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.
Frequently Asked Questions
Phnom Penh real estate market in 2021