Phnom Penh, the heart of Cambodia, is a vibrant city with a great combination of history, cultural heritage, and beautiful architecture, with a touch of modernisation. It is a home away from home. Living in Phnom Penh is a complete package offering a lavish lifestyle, tourism, food and diverse neighbourhoods.
The city’s charm pulls people from across the globe who now call it home, and IPS Cambodia, the award-winning local real estate agent in Cambodia, have helped investors and residents with the best apartment selections in Phnom Penh for purchase or rent.
Why is Phnom Penh a Lucrative Option for Purchasing or Renting the Apartment?
Phnom Penh, the capital city of Cambodia, is growing at a fast pace because of the country’s booming economy. With the rapid growth and development, this city has become very lucrative over the years, with many great opportunities attracting not only local Cambodians but also expats and Multinational companies to move and settle their base in Phnom Penh.
The real estate market is seeing a boom, and hence an increasing demand for apartments in Phnom Penh. This has increased property values, making it the right time to invest. Phnom Penh’s living cost is affordable, with a wide range of rental or tenancy options catering to everyone’s needs.
Whether you are looking to rent or purchase an apartment, the government has flexible policies and procedures ensuring high returns on investment. The city’s strategic location and availability of properties with a wide range of amenities, safety, security and accessibility to nearby markets is also a significant factor in the demand for apartments in Phnom Penh.
Areas to Live in Phnom Penh
It is essential to choose and select the area you want to live in and the neighbourhood you wish to have around you and your family. Some factors to consider while deciding on your apartment are rent or purchase, are
- Amenities
- Budget
- Safety and Security
- Location
- Transportation and Connectivity
- Construction quality
Based on the above criteria, some areas that offer all the above and are common areas where people prefer to live are
- Chamkarmon – BKK 1,Tonle Bassac,Russian Market
- Toul Kork – Residential district
- Daun Penh – Riverside
- 7 Makara – Olympic stadium area
- The suburbs – surrounding district areas.
Best Apartment Listing in Phnom Penh
The choice of apartments is plenty and can vary in size, budget, and location. Here are Some apartments that are available and located in the most popular residential areas that may interest you –
Tonle Bassac
- 3 Bedroom Condo Unit for Rent –
It is located approximately 5 minutes away from the central business district. The apartment is on the 24th floor and has a total floor area of 119 sq.m. It is offered fully furnished; It features a good-sized living area with a sofa, coffee table and TV. The kitchen/dining area has a refrigerator, microwave, exhaust and fire alarm system. Three bedrooms have large beds, air conditioning units, a night table, built-in cabinets and high-quality lighting fixtures. There is also a private balcony with a stunning view of the city skyline and two bathrooms with hot and cold showers. Additional amenities include access to the building’s outdoor swimming pool, 24/7 security via CCTV, reception/concierge services, a fully equipped gym, and an elevator. Rent is $2200/month, three bedrooms, two bathrooms.
BKK1
- Renovated Studio Apartment For Rent –
This studio room for rent is a rustic abode spanning a total of 55 sqm in floor area and offered semi-furnished, complete with all the basics. Rent is $350/month
Daun Penh
- 2 Bedroom Renovated Apartment For Rent – Beoung Raing, Phnom Penh –
Three bedrooms make this apartment for rent fit for a medium-sized family or a close-knit group of working professionals. It spans 80 sqm., including a vast balcony space to provide a clear view of the surrounding urban neighbourhood. Rent is $800/month for 2 Bedrooms and three bathrooms.
7 Makara
- 1 Bedroom Renovated Apartment For Rent – 7 Makara, Phnom Penh –
It is a renovated one-bedroom apartment on the third floor of a flat house in Khan 7 Makara, Phnom Penh. It spans 60 sqm in floor area and comes fully furnished. Rent is $500/month, 1 Bedroom, two bathrooms.
Conclusion
Phnom Penh’s rapid growth, affordable cost of living and high rental yield are lucrative opportunities for investors to take advantage of the real estate market and get good returns. Modernisation and fundamental values attract more and more expats to settle in this culturally rich and beautiful city.
The relaxed policies by the government make it easier for locals and foreigners to invest in the real estate market.
IPS has been instrumental in helping many locals and expats find an apartment in Phnom Penh that they can call home. Their team understands the client’s requirements and provides options that suit their requirements and fit their budget.
Its portal gives you easy access to all the properties in different districts; You can put the various filters like the district, area, size, and type of property and narrow the search for your apartment, making it just a click away.
