Superb city views 2 bedroom apartment for rent Russian Market | central Phnom Penh

Details

This large and comfortable 2-bedroom apartment with city views near Russian Market in central Phnom Penh is now available for rent.

The building, Bhumi Emerald, was constructed by the Chip Mong Group and has 47 units on 24 floors, 4 floors for car parking, a swimming pool and gym at floor 15, and a rooftop sky garden giving beautiful city views.

Offering a serviced apartment style service, rent includes housekeeping, use of pool, communal relaxation area, management fees and water.

This apartment building is in a striking, spirited design by internationally acclaimed K-Arch team.

The great part of this apartment building is its proximity to some of the coolest bars, cafes and chic boutique restaurants in the city.

Nearby, there is a world of taste delights waiting for you.

Equally the location is popular with expats teachers who work at Northbridge International School and ISPP.

Apartment features:

• High speed elevators (2)
• Cable TV and WI-FI included in rent
• Moto parking free / car parking $100/month
• 3-month minimum lease
• Deposit 1 month
• Utilities deposit $200
• Weekly maid service included
• 24-hour security and CCTV for your safety
• Elevated access system (floor assigned)
• Generator standby
• Electricity $0.30/KwH
• Water $0.75/m3
• Onsite café and massage studio

Original ID: TTP2.F3

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Russian Market area:

The busy districts surrounding Russian Market 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, such as silk cloth and scarves from the provinces, stone Buddha carvings and other religious icons, western and local handbags and branded clothing from local factories.

Further inside is an array of fresh foods – fruit, vegetables, seafood and fish.

There are also household items like lamps, wood carvings, fabrics and kitchen wares. At night there are many restaurants serving freshly grilled seafood.

Well priced accommodation centre around the market and Wat Toul Tom Pong.

Nearby you will find many retail outlets catering to foreigners like – Zando, Sundown, Brand Collection, Corner Cafe, Vega, Brown, 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 here, you will be within walking distance 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 has a distinct feature and price tag, depending on location…

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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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