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Super fresh 3 bedroom Khmer traditional shophouse for rent Tonle Bassac | BKK 1

GWRG+57J, Phnom Penh, Cambodia

Features

  • Air Conditioning
  • Balcony
  • Ceiling fans
  • Close to Aeon 1
  • Close to embassies
  • Close to schools
  • EDC and Water State rates
  • High ceilings
  • Off-street parking
  • pet friendly

Details

Traditional Khmer 3-bedroom shophouse / villa with a pleasing yard for rent in Tonle Bassac near BKK 1 is now available for rent.

A very rare find in central Phnom Penh. An intact, wooden period villa within private grounds, perfectly suited to a small family with a dog or friends wanting to share a true Phnom Penh experience.

Although modestly presented, this building offers the best of both worlds location and character.

Bassac shophouse features:

  • Air-conditioning / hot water
  • Large outdoor space (some under cover – great for a playing area!)
  • Motorbike and car parking
  • Pet friendly
  • EDC (State rates) and water $5/person/month
  • Located midway between Russian Market and BKK  1

Original ID: TLB.C17

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Abode has apartments, condos, office spaces in Phnom Penh, Siem Reap, Kampot and Sihanoukville.

 

Bassac Lane, a stone’s throw away:

Amid widespread devastation of the hospitality industry by COVID, one area in Phnom Penh seems to be defying the odds.

It includes bustling St 308 and St 21 where you will find cozy, high end bars and restaurants surrounded by new condos and other night venues.

The neighborhood is made up of groovy little streets with cool bars and eateries almost hidden away. It is the fun area with a distinct western vibe with bars in a different theme or style to suit.

COVID-19 slowed business here but it bounced back and now the night air is filled with music as people return to their old habits.

The neighborhood is now so full of bars and hole-in-the-wall venues, that new venues are spilling into Street 308 and Street 21.

Because land prices here are 10-20% less than BKK 1, prices are cheaper all round. Prices of food and beverages are comparatively cheap.

You can find a bar selling cocktails at $3, draught beer at $1 and meals from $5.

Amidst the general activity, there is a sense of optimism despite the tight border controls keeping tourist numbers down.

So instead of going to the usual haunts on Street 136 and Pub Street that have obviously been hard hit by the pandemic, check out the lane where the night lights are a little bit brighter.

Upmarket BKK 1:

Boeung Keng Kang (BKK) 1 bordered by Sihanouk, Norodom, Mao Tse Tung and Monivong Boulevards is a popular area.

It is the centre of Phnom Penh for its banks, hotels, restaurants, shops and bars.

It is the place for business deals and seen as the ‘foreign capital’ for its cosmopolitan nature.

Here are the embassies of Switzerland, Bulgaria, Brunei and Sweden and various NGOs and international companies.

BKK also has many schools offering world class education.

It may be pricey, but this area is attractive for all sorts of businesses on streets 278, 282, 63 and 51.

Apartments and hotels are in the mid to upper range due to location and quality.

The local market is located offers a range of goods including fresh food, clothes, jewelry, money exchanges and household goods.

Augmenting the market is a wide selection of international F + B options including coffee shops and bakeries.

After dark the streets are alive with bars, clubs, hotel rooftops and restaurants open for punters.

Things are pricier but you won’t want for much more. BKK has pretty much 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 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 a distinct feature and price tag, depending on location… 

READ ON

 

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.

READ MORE

 

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About Phnom Penh property

Phnom Penh real estate market in 2021

  • ID: 17807
  • Published: May 10, 2023
  • Last Update: May 24, 2023
  • Views: 1631
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