Beautiful 2-bedroom apartment for rent Bassac Lane | central Phnom Penh

Details

This beautifully designed and maintained 2-bedroom renovated apartment is now available for rent located amidst the treetops in a quiet and safe street near Bassac Lane.

Its clean lines and colonial inspired tiled floors and tasteful furniture offer luxury without the price tag.

Bassac Lane apartment features:

• Direct street access with secure perimeter and on-site staff
• Clean and well-maintained stairs and elevator access to all floors
• Shared and shaded garden space with 24-hour security
• Off street secure parking for motorbikes
• Air conditioning and hot water
• Washing machine and refrigerator
• Gas stove and electric oven
• Large bedrooms with built in robes
• Cable TV/Wi-Fi
• EDC (0.25$/kw) and free water
• On-site maintenance

Original ID: TLB.P9

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Bassac 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 is made up of groovy little streets with cool bars and eateries almost hidden away.

It is, in short, 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 the night air is filled with music 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.

So instead of going to the usual haunts on Street 136 and Pub Street that have obviously been hard hit by the pandemic, check out Bassac Lane where the night lights are a little bit brighter.

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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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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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