Delightful ground floor 2-bedroom apartment for rent Bassac Lane Independence Monument | central Phnom Penh

Details

This nicely presented ground floor 2-bedroom apartment is now available for rent surrounded by greenery in a quiet and safe building near the bustling Bassac Lane area and Independence monument.

Its large, open-plan spaces, with windows on all sides, swimming pool and tasteful furniture offer comfort without the price tag.

This is an older-style apartment that occupies half an entire floor with direct access to the shaded pool and garden that would perfectly suit a small family or professional couple.

Bassac Lane apartment features:

• Direct street access with secure perimeter
• Small, private terrace
• Shared and shaded garden space with 24-hour security
• Air conditioning, wall fans and hot water
• Washing machine and refrigerator
• Large bedrooms with wooden shutters and plenty of storage
• Cable TV/Wi-Fi
• On-site maintenance
• Electricity $0.25/KWh and water free

Original ID: TLB.D7

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‘The’ Lane:

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 neighbourhood has 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 music fills the air 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.

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

About Tonle Bassac:

Tonle Bassac is located on the west side of the Tonle Bassac River.

It covers around 3sqm flanked by Sihanouk Blvd, Norodom Blvd and National Road 1.

The area has many alleys that branch off larger streets. They are full of bars and restaurants secluded from the busy city centre.

Reclaimed land known as Koh Pich has numerous condos, exhibition halls, hotels and other iconic developments, such as The Bridge, The Peak and Di Riviera.

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.

Consequently, you will notice increased security presence (private, police and national security).

Good guide to investing in Cambodia

Here is a good guide to investing in Cambodia that should steer you away from total financial disaster.

The real estate market in Cambodia is extremely varied, more so than most countries, which can make investing either a smooth journey or a rocky one.

What separates a successful from unsuccessful investor is not pure luck, as many think, but the ability to recognise and avoid mistakes.

Investing in Cambodia is no different, so here are some things to consider before you part with your hard-earned cash.

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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.

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