Bright modern 1-bedroom west-facing apartment for rent Russian Market

Details

This bright, modern, west-facing, fully furnished 1-bedroom apartment is now available for rent in Tuol Tumpong, near Russian Market and all it has to offer.

Apartment features:

• A/C and hot water
• Alarm system / CCTV
• Balcony with good outlook
• Car and moto parking
• Rooftop swimming pool / fitness center / rooftop terrace
• Internet / cable TV / power generator
• Elevator access / reception, 24-hour security and maintenance services
• Washing machine
• Electricity $0.25/KWh

Original ID: TTP1.V5

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Abode has apartments, condos, office spaces 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.

About nearby BKK 3

Boeung Keng Kang 3, or more commonly known as BKK 3 is becoming increasingly popular.

It is located in Khan Chamkarmon, a rising star in the centre of Phnom Penh.

It is one of the most sought after areas due to it being close to BKK 1, but without the price tag.

Due to lower rent prices, many expats choose this area however lower purchase prices are also attracting investors to purchase here.

BKK 3 has both modern and older, more traditional Khmer style properties.

However, it is changing as more luxury residences and real estate projects spring up.

Sometimes known as the ‘yolk district’, it is close to a dozen embassies, many NGOS, schools, countless businesses and shops.

It is considered desirable by wealthy Cambodians and expatriates alike.

BKK 3 has the best of traditional Khmer and modern living, yet is a quiet city locale.

BKK 3 is in close proximity to popular shopping areas, such as TTP (Toul Tom Pong or Russian Market) and Olympic Market, both of which have a wide selection of restaurants and cafes.

There are many local stores in BKK 3 selling clothes, fashion accessories, household goods, shoes and more.

With the number of educational facilities in the area, there are also many shops selling stationery, books, computers and so on.

Properties for rent 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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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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