Super handy 50sqm studio apartment near Bassac Lane for rent | central Phnom Penh

Details

This studio apartment located a short stroll from the ever-popular dining and drinking strip, Bassac Lane, is now available for rent.

The apartment itself has a private balcony and residents also have access to the rooftop terrace from which to enjoy super city views.

Key nearby landmarks include Chaktomuk Hall (1.2 km), Tuol Sleng Genocide Museum (1.5 km) and the Phnom Penh International Airport (9 km).

Apartment features:

• 24-hour security
• Secure off-street parking (motorbike)
• Free Wi-Fi
• A/C and hot water
• Flat-screen TV with satellite channels
• Good-sized kitchen with new fridge
• Modern bathrooms with bathtub
• 3^rd floor & 5^th floor
• Electricity $0.25/KWh
• Water $5/month

Original ID: TLB.L5

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We have apartments, condos, office spaces for rent and sale in Phnom Penh, Siem Reap, Kampot and Sihanoukville.

Phnom Penh Villas – a short history

Phnom Penh was an important hub for French colonialists with its wide roads, beautiful gardens, grand villas and colonial mansions earned it the undisputed title ‘Pearl of Asia’ in the 1920s.

From this time, the city expanded rapidly. Chaktomuk is located in Daun Penh; an area under transformation with countless new developments and infrastructure upgrades.

It is a culturally significant area with its landmarks like Wat Botum Park, Botumvatey Pagoda and Independence Monument.

It is also very popular for its many restaurants, cafes, embassies, NGO offices, and boutique hotels.

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 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.

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.

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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