Stunning world class 1-bedroom apartment for rent | Toul Kork (TK)

Details

World class 1 bedroom apartment in Toul Kork (TK) for rent in one of the fastest growing areas in Phnom Penh.

The 17-floor building was designed and engineered by an award-winning company with projects in Malaysia and Singapore.

It has a unique and charming interior, styled by experts and is equipped with sophisticated and quality fittings.

It is 10 mins to the airport, 5 minutes to AEON 2 and surrounded by schools, restaurants, supermarkets, sports clubs, coffee shops and entertainment venues.

Facilities include a swimming pool, deck, gym and car elevator.

• Electricity: $0.30/kWh
• Water: $10/month

Truly an international standard unit in a great location!

Original ID: TK.AG2

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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.

About the area

Toul Kork (or TK as it is locally known) literally means ‘ground hill’ in Khmer and includes the areas around Boeung Kak Lake, the areas further to the west in the north and north west of Phnom Penh city centre cut by Russian Boulevard from the CBD.

Now its northern area is becoming far more affluent to houses similarly priced closer to the centre of town.

Not being in the city, it is good for people wanting a quiet life, with a mix of properties on wide roads, giving it a spacious suburban feel.

Now it has a more commercial feel, joining Tonle Bassac, Daun Penh and BKK. It now boasts an increased number of commercial activities and is a good housing option.

TK Development:

TK has many condo developments with supermarkets, hospitals, schools, restaurants and coffee shops. AEON Mall 2, the country’s 2nd international mall 15 minutes away.

There are many institutions and businesses nearby including RUPP, IFL, Institute of Technology, Pannasastra, Tax Dept and Ministry of Labour.

Despite many completed and ‘in construction’ high rises, villas and gated communities dominate the area. Wealthy Cambodian families like to live in or near TK Avenue.

As affluence has grown, the area has seen an increase in retail shops. TK Avenue (the first international style complex) and Phnom Penh City Centre Mall are 2 examples.

Boeung Kak and Camko City developments also feature large scale housing and commercial spaces, whereas the south has mainly low rise properties mostly owned and occupied by locals.

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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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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