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16B St. 320 Beoung Keng Kang 3 Phnom Penh, 12304, Cambodia

Superb 14 floor apartment building for rent Phsar Derm Thkov | Russian Market

16 St 488, Phnom Penh, Cambodia


  • Air Conditioning
  • Balconies
  • BBQ / entertainment area
  • CCTV security
  • City views
  • Close to Chinese Embassy
  • Close to embassies
  • Close to Russian Market
  • EDC and Water State rates
  • Elevator access
  • Fire alarms
  • Fully furnished
  • Garden
  • High ceilings
  • Large open plan spaces
  • Large reception area
  • Natural light
  • Non-flooding
  • Off-street parking
  • Roof terrace
  • Swimming Pool


Overlooking the south of Phnom Penh, this large and imposing apartment building is now available for rent in Phsar Derm Thkov, near Russian Market.

It is located in a quiet street only minutes from all the action.

Access to Russian Market, Monivong Boulevard, Hun Sen Boulevard and Street 271 is a breeze and all tenants will love its situation and location.

All rooms are large and have stunning views of the city.

The 2 floors of offices add even more value to this magnificent building.

Building features:

  • Good ROI
  • 16 large, self-contained units
  • 14 floors with elevator access
  • Offices occupying 2 large floors
  • In-ground swimming pool
  • 10 secure and under-cover car spaces
  • Only 7 minutes to Russian Market

Original ID: BTB.D5

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Abode has apartments, condos, office spaces 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.

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 any more!

There are essentially four types of rental options (Khmer style shop house, renovated shop house, western apartment, condo / serviced apartment) each with distinct features and prices, 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.



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About Phnom Penh property

Phnom Penh real estate market in 2021

  • ID: 25070
  • Published: June 9, 2023
  • Last Update: June 12, 2023
  • Views: 279
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