Luxury 42 room hotel for rent Diamond Island | central Phnom Penh

Details

This brand-new 42-room luxury hotel with private views of the Bassac River is now available for rent on Diamond Island, central Phnom Penh.

Currently under renovation, this magnificent hotel on the riverfront has a large reception area with a double-height space, offices, an industrial kitchen and 2 elevators to access all 7 floors.

All furnishings and furniture has been carefully chosen for quality, durability and design so every guest will feel at home.

Parking is available directly outside and in the underground carpark, accessed by elevator 20 metres away.

Access to the city centre is a breeze and Naga World, Bassac Lane and AEON Mall are all about 5 minutes away.

Original ID: KP.A23

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

Tonle Bassac:

An inner-city area located on the west side of the Tonle Bassac River. It covers around 3sqm defined by Sihanouk Blvd, Norodom Blvd and National Road 1.

It is known for its many alleys branching off the larger streets full of bars and restaurants away from the busy city centre.

The area is also home to many government buildings and gated communities so you will notice an increased security presence (private, police and national security).

Diamond Island:

Diamond Island is a recent addition to the Phnom Penh skyline from Koh (Island) and Pich (Diamond).

It is a man-made island circa 2000 on the Bassac River. Before then, the area was home to a few fishing families.

In 2006 the island was sold to the OCIC for development

Koh Pich is now a hot spot for real estate investments and mostly inhabited by Chinese. There is little doubt this 75 hectare island will be exclusively for the rich.

In “Elite Town” houses cost up to $1M. Opposite, the “Elysées project” a huge project of $150 million dollars is a replica Haussmann building and L’Arc de Triomphe.

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 neighborhood 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.

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.

Phnom Penh real estate 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! 

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