- 24 Hour Security
- Air Conditioning
- BBQ / entertainment area
- City views
- Close to CBD
- Close to embassies
- Close to schools
- EDC and Water State rates
- Elevator access
- Fully furnished
- Good ROI
- hard title
- Natural light
- Off-street parking
- Roof terrace
This brand new 9 floor building is now available for sale in Phsar Derm Thkov, Boeung Trabek near Russian Market and the Royal University of Law and Economics.
Each floor houses a fully furnished, self-contained apartment which already have new, quality appliances and fittings (including washing machines, refrigerators and wall ovens).
Renting apartments should be relatively easy due to the building location (near shops, eateries and schools), amenities (elevator access and comfortable interiors) and quality.
- Land 8 x 18m = 144sqm
- Building 7.5 x 15m = 112.5sqm
- Hard title
- Total 9 floors with elevator access
- Each floor has one discrete 100sqm apartment
- Good ROI of around 5% P.A.
- Fully furnished
- Parking for 6 cars (ground floor)
Original ID: BTB.C9
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We have apartments, condos, office spaces for rent and 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.
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 anymore!
There are essentially four types of rental options (Khmer style shop house, renovated shop house, western apartment, condo / serviced apartment) each with a distinct feature and price tag, 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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- ID: 24135
- Published: May 9, 2023
- Last Update: May 9, 2023
- Views: 712