- Property type: Villa / House
- Offer type: For Rent
- City: Phnom Penh
- Neighborhood: Diamond Island , Tonle Bassac
- Original Property ID: KP.A20
- Bedrooms: 5
- Bathrooms: 5
- Property size: 240 m²
- 24 Hour Security
- Air Conditioning
- Ceiling fans
- City Centre
- Close to Aeon 1
- Close to embassies
- Close to Independence Monument
- Close to schools
- EDC and Water State rates
- High ceilings
- Hot water
- Large open plan spaces
- Natural light
- Off-street parking
- Separate kitchen
- TV Cable
- Washing machine
This nicely presented gigantic 5-bedroom villa in the heart of Diamond Island, Tonle Bassac, is now available for rent.
It is ideal for a medium sized family, offering comfort, space and privacy with its large rooms throughout. The living room is of epic proportions and the kitchen has been recently remodeled with marble counter tops, plenty of storage, gas stove and electric wall oven (photo not available, sorry).
The house itself is located in a secure, gated community with unusual external space including parking for 4 cars. It is within walking distance to the Canadian School and a short drive to AEON Mall, Riverside and BKK 1.
- Land Size: 300sqm
- House Size: 240sqm
- Off street parking for 4 cars
- Large open plan living areas
Original ID: KP.A20
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Tonle Bassac is located on the west side of the Tonle Bassac River. It covers around 3sqm defined by Sihanouk Blvd, Norodom Blvd and National Road 1.
The area is known for its many alleys branching off the larger streets full of bars and restaurants away from the busy city centre.
Reclaimed land known as Koh Pich has many condos, exhibition halls, hotels and other iconic buildings such as The Bridge and The Peak.
A number of embassies are also located nearby, such as – Thai, Australian, Japanese, Indonesian, Russian, Malaysian, South Korea and Philippines.
The area is also home to many government buildings and gated communities so you will notice an increased security presence (private, police and national security).
About Diamond Island (Koh Pich):
Diamond Island is a recent addition to the Phnom Penh skyline from Koh (Island) and Pich (Diamond). It is an artificial island built around 2000 on the Bassac River.
Before then, the area was home to a few fishing families. In 2006 the island was sold to the Overseas Cambodia Investment Corporation for development
Koh Pich is now a hot spot for real estate investments and mostly inhabited by Chinese. There is little doubt this 75-hectare island will be exclusively for the rich.
In “Elite Town” houses cost up to $1 million USD. Opposite, the “Elysées project” a huge project of $150 million dollars is a replica Haussmann building and L’Arc de Triomphe.
Amid widespread devastation of the hospitality industry by COVID, one area in Phnom Penh seems to be defying the odds.
It includes bustling Bassac Lane, 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. Bassac Lane 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 Bassac Lane where the night lights are a little bit brighter.
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!
Phnom Penh real estate market in 2021
- ID: 16750
- Published: September 8, 2022
- Last Update: September 8, 2022
- Views: 744