- Property type: Commercial building
- Offer type: For Rent
- City: Phnom Penh
- Neighborhood: Tuol Kork
- Original Property ID: TKPD1.A1
Features
- Air Conditioning
- Backup generator
- BBQ area
- City views
- Contemporary design
- Elevator
- High ceilings
- Natural light
- Near AEON 2
- Near CBD
- Near city centre
- Near French Embassy
- Near USA Embassy
- Off-street parking
- Roof terrace
- Street presence
Details
This brand-new modern design (soon to be completed) 21-floor commercial building with luxury office space is now available for rent near Tuol Kork, central Phnom Penh.
Unfurnished office spaces with elevator access, professional reception and secure parking with car elevator for $15/sqm (negotiable).
Office features:
- Main road access and visibility
- Prominent building in a handy location!
- Large reception area / 24-hour security
- Excellent safety features
- Sky-bar
- 200sqm per floor
- Floors 1 – 2 and 12 perfect for offices (216sqm x 3 floors)
- Floors 3 – 11 has 1 (24 units 50 – 58sqm), 2 (108sqm 4 units) & 3 (216sqm 1 unit) bedroom apartments
- ~ 15 car spaces available
- Elevator access to all floors + stair access
- Can be furnished (negotiated rental)
Original ID: TKPD1.A1
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About Toul Kork
Toul Kork (or TK as it is locally known) lies in the north and northwest of Phnom Penh city centre cut by Russian Boulevard from the CBD.
Now its northern area is becoming far more affluent to houses similarly priced closer to the centre of town.
Toul Kork (shortened to TK) literally means ‘ground hill’ in Khmer and includes the areas around Boeung Kak Lake and the areas further to the west.
Not being in the city, Toul Kork is good for people wanting a quiet life. It has a mix of properties on wide roads, giving it a spacious suburban feel.
Now it has a more commercial feel, joining Tonle Bassac, Daun Penh and BKK.
It now boasts an increased number of commercial activities and is a good housing option.
TK Development:
TK has many condo developments with supermarkets, hospitals, schools, restaurants and coffee shops.
AEON Mall 2, the country’s 2nd international mall 15 minutes away.
There are many institutions and businesses in Toul Kork including RUPP, IFL, Institute of Technology, Pannasastra, Tax Dept and Ministry of Labour.
Despite many completed and ‘in construction’ high rises, villas and gated communities dominate the area. Wealthy Cambodian families like to live in or near TK Avenue.
As affluence has grown, the area has seen an increase in retail shops. TK Avenue (the first international style complex) and Phnom Penh City Centre Mall are 2 examples.
The Boeung Kak and Camko City developments also feature large scale housing and commercial spaces.
South Toul Kork has mainly low-rise properties mostly owned and occupied by locals.
2022 property market healthy enough?
Despite claims the Cambodia property market is not healthy enough in 2022 to compete globally, there is evidence this is not the case.
The sector has ridden a massive wave of direct foreign investment, mostly from China, with no foreseeable limit, despite COVID-19.
Good guide to investing
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.
Innovative Cambodia my 2nd home program
Cambodia my 2nd home (CM2H) is an innovative initiative recently launched by KHCA (Khmer Home Charity Association) in association with the Ministry of Interior (MOI).
Its aim is to help foreign nationals enjoy a series of measures to facilitate living and business in Cambodia.
Benefits for participants in the Cambodia my 2nd home program include:
- A 10 year unlimited entry / exit visa
- After 5 years, eligibility to apply for a Cambodian passport
- Full enjoyment of being part of the ASEAN network
- ID: 32540
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