Superb new 21-floor apartment building for sale Boeung Trabaek | central Phnom Penh

Details

This superbly located and brand new 21-floor apartment building, located in Boeung Trabaek, central Phnom is now available for sale to a keen investor looking to enter the accommodation market.

It boasts a footprint of 335 sqm of prime hard-titled real estate (located between Russian Market and BKK with a total floor area of 7857 sqm), representing good value at $1,590/sqm.

Approx. rental returns are $47,000 ($564,000 p.a.) or 4.5% based on conservative estimates of each self-contained apartment rented at current market rates.

Building features:

• Basement floor (335sqm) with parking (12 cars & 10 motos)
• Ground floor (310sqm) with parking (11 cars & 5 motos) and Reception
• Mezzanine office space
• Floors 1 – 18 (6337sqm) with 52 one-bed apartments, 36 two-bed apartments and 1 three-bed apartment
• Floors 19 & 20 (502sqm) with swimming pool and fitness centre
• Floor 21 (131sqm) sky bar

Original ID: BTB.C12

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Abode Real Estate has an apartment, condo, office space for rent or for sale in Phnom Penh, Siem Reap, Kampot and Sihanoukville.

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 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…

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Innovative Cambodia my 2nd home program

Cambodia my 2^nd home (CM2H) is an innovative initiative recently launched by KHCA (Khmer Home Charity Association) in association with the Ministry of Interior (MOI).

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Benefits for participants in the Cambodia my 2nd home program include:

• 10-year unlimited entry / exit visa
• After 5 years, eligibility to apply for a Cambodian passport
• Ongoing enjoyment of the advantages of the ASEAN network.

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