BKK1, Phnom Penh
Author: Lyheng Thoeun
Published: 2026-01-19
Categories: Expat Guide, Investor Guide, Phnom Penh Area Guide, Travel Guide
BKK1 remains the undisputed “Crown Jewel” of Phnom Penh. While it has long been known as the primary expat enclave, in 2026 it has evolved into a sophisticated urban center that blends high-end residential living with a world-class commercial and culinary scene.
Historically dubbed the “foreign capital,” BKK1 is the most internationally diverse district in Cambodia. Geographically, it is bordered by four major arteries:
In 2026, the district has moved beyond just “familiar brands” to become a hub for high-end flagship stores and luxury retail. While brands like 361 Degree are still present, the area now hosts premium boutiques, wellness centers, and specialized clinics.
The dining scene in BKK1 has seen a significant shift toward “fine-casual” and specialty experiences.
BKK1, Phnom Penh
The Independence Monument continues to serve as the district’s spiritual and geographic heart.

The skyline of BKK1 has transformed dramatically between 2023 and 2026. Many “upcoming” projects of the past are now completed, fully managed communities.
Read more: The 2025–2026 Phnom Penh Condo Completion List Buyers Have Been Waiting For
According to IPS Leasing Department, the cost to rent apartments and condominiums in BKK1 varies from $400 to $5000 per month, depending on the size and location of the unit.
| Unit Type | Monthly Rental (USD) |
| Studio | $400 – $650 |
| 1 Bedroom | $600 – $1,500 |
| 2 Bedroom | $900 – $2,500 |
| 3 Bedroom | $1,500 – $5,500 |
| Note: Prices vary based on property grade, amenities, and floor level. |

BKK1 is currently in a “Golden Era” of vertical development, with several ambitious projects currently under construction or in pre-sale:

One of the primary reasons families choose BKK1 is the concentration of elite educational institutions:
The nightlife in BKK1 has pivoted away from loud clubs toward sophisticated rooftop bars and hidden speakeasies.

BKK1 offers a “20-minute city” lifestyle where everything you need is within walking distance.
Read more:
Japanese Quality Coming Soon: G.A.T.O Tower – A New Landmark of Luxury in Phnom Penh’s BKK1
Time Square 9 Gatsby Residence | Official BKK1 Launch & Pre-Booking
Exploring Phnom Penh’s Top 4 Locations for Expats: BKK1, Tonle Bassac, Toul Tom Poung, Riverside
The Evolution of BKK1: From Residential Hub to Expat Favorite
What Makes BKK1 a Highly Sought-after and Prestigious Location
Phnom Penh Area Guide: BKK2 and BKK3 – Mix of Cultures
Looking to stay or live in BKK1, Phnom Penh? Contact us via Telegram or Live Webchat at the bottom left-hand corner or drop us a message through our contact page.
The Ministry of Economy and Finance (MEF) recently issued a new notification (dated January 16, 2026) regarding the extension of tax incentives for the real estate sector. Following the recommendations of Prime Minister Hun Manet, this move is designed to alleviate the financial burden on citizens and stimulate growth within the property market through the end of 2026.
Cambodia’s real estate market has seen significant growth and interest from foreign investors. While many prospective buyers begin their journey by asking, “Can foreigners truly own land in Cambodia?”, the reality is that direct freehold ownership for non-nationals is restricted to co-owned buildings (condominiums) above the ground floor. However, since 2019, alternative structures like trusts have offered a safe, legal, and viable pathway to secure landed property.
Planning a move to Cambodia, or thinking about buying property here, comes with a few essentials, and banking sits at the top of that list. Whether you’re an investor transferring funds, an expat managing daily expenses, or a future homeowner preparing for property payments, understanding Cambodia’s banking system helps everything run smoothly.