Updated Oct 25 2024, Phnom Penh | Nestled in the heart of Phnom Penh, the Russian Market area in Toul Tom Poung District, is a buzzing district filled with energy. Located in Monivong Boulevard and Mao Tse Tung, this area is a hotspot for both tourists and locals alike. This vibrant neighborhood is famous for its lively market scene, a medley of culinary delights, and a charming mix of tradition and modernity. Whether you’re on the hunt for unique trinkets, fresh gourmet foods, or just want to soak up the Cambodian culture, this is the place to be.
Historical Background
The name “Russian Market” harks back to the 1980s when a sizable Russian expat community during the cold war era called this area home. This historical backdrop adds a fascinating layer to the neighborhood, creating a delightful fusion of cultures that continues to thrive today.
Housing
Living around the Russian Market are in Toul Tom Poung is both convenient and affordable, making it a great spot for locals and expatriates alike. The district is just 10-15 minutes by Tuktuk to the commercial BKK areas. Shared apartments typically range from $200 to $350 per month, while condominiums and serviced apartments can can vary depending on the size and quality.
Here are the price ranges for different apartment types in the area:
- 1-bedroom apartments or condos: $350 – $700
- 2-bedroom apartments or condos: $500 – $1,000
- 3-bedroom apartments or condos: $800 – $1,500
For those seeking even more choices, here are some key residential buildings in the area:
- City Light Phnom Penh: A stunning 20-storey residential building offering modern amenities for a luxurious living experience.
- The Diamond Home 1: This condo complex delivers hotel-like services, perfect for anyone seeking comfort and convenience.
- L Tower Condo: Standing tall at 23 stories, this building offers 480 units, combining modern facilities with a homely feel.
- The Bhumi Emerald: A stylish 24-storey condominium project located in the fashionable, “hipster-friendly” Russian Market district, providing a trendy living experience with modern designs and amenities.
- Parc 21 Residence: Completed in June 2022, this development features 21 floors and 128 units, offering Singapore-standard living in a sleek and contemporary environment.
With the upcoming Time Square 8 development making its mark in this area, more options will soon be available. This impressive project from MegaKim World’s Time Square Residential Series will offer classic flats ranging from 1-bedroom to 3-bedroom units, as well as luxurious penthouses. Time Square 8 promises modern amenities and a stylish living environment, making it a prime investment for those looking to settle in a vibrant community.
Shopping and Entertainment
Russian Market is a shopper’s paradise, boasting a mix of both local and international outlets. Well-loved brands and charming coffee shops like Zando, Sundown, Corner Café Vega, Brown Café, Starbucks, and Amazon Café pepper the streets, making it a delightful place to explore.
Key Commercial Buildings
The Point Community Mall: A nearby hub for shopping and leisure that draws in both local residents and visitors.
Phsar Tuol Tom Poung
At the heart of the neighborhood is the lively local market – Phsar Tuol Tom Poung, where you can find a treasure trove of goods:
- Tourist Souvenirs: Think silk scarves, stone carvings of Buddhas, and all sorts of local crafts.
- Clothing: A mix of local brands and stylish pieces from factories nearby.
- Food Items: Fresh fruits, vegetables, and even live seafood like crabs and fish await you.
- Household Items: From lamps to kitchen wares, there’s something for every home.
- Food Stalls: Don’t miss out on local delights like Mi Cha (stir-fried noodles) and kuyteav (noodle soup).
Culinary and Dining
The culinary scene around the Russian Market is a feast for the senses. Whether you’re craving traditional Khmer street food or international dishes, you’ll find plenty to satisfy your appetite. Supermarkets like Lucky Market and Angkor Market are nearby, providing everything you need for your grocery runs.
Nightlife
Once the sun sets, the Russian Market area transforms into a veritable haven for foodies and night owls alike. Street stalls spring up offering tantalizing dishes like Micha and Lort Cha (stir-fried noodles) alongside grilled delights like duck, chicken, squid, and sweet pork sausages. Fresh fruit shakes and coffee stalls pop up, too, creating a vibrant evening atmosphere.
For those looking to unwind with a drink, the area boasts an impressive selection of bars and pubs catering to all tastes. Whether you’re in the mood for affordable local beers or exquisite wines and cocktails, there’s a spot for everyone.
Some highlights include:
- Lola Music Lounge: A perfect place for music lovers, offering live performances and a cozy ambiance.
- 123 Pigs: Known for its vibrant atmosphere and creative cocktails, it’s a must-visit for nightlife enthusiasts.
- La Chronic: This bar offers a laid-back vibe with a great selection of drinks and an inviting setting.
- Long After Dark: A stylish bar offering a unique mix of craft cocktails and a sophisticated ambiance.
- And many more hidden gems if you explore!
Education and Offices
Toul Tom Poung is home to numerous educational institutions, catering mainly to the expatriate community and offering international curricula.
Notable Schools
- Toul Tumpoung High School
- Beltei International School
- Australian Centre for Education (ACE)
- Huaying International School
- Sovannaphumi School
- Zion International School of Phnom Penh
- The Westline School
- ASEAN International School
- Harvest Education Center International School
- SIU International Institute
- Camford International Institute
- And many more!
Government and NGO Offices
This area also serves as a hub for various governmental and non-governmental organizations. They convert villas and shophouses into commercial spaces and office headquarters. Among them are the following:
- Ministry of Land Management, Urban Planning, and Construction
- BBC Media Action Cambodia Office
- Ministry of Planning
- Japan International Cooperation Agency (JICA) Cambodia Office
- Department of Scientific Research of Ministry of Education, Youth, and Sports (MoEYS)
- Ocean Technology Co., LTD.
- Cooperation Committee for Cambodia
- World Finance Cambodia PLC. Headquarters
- The NGO Forum for Cambodia
- Embassy of the People’s Republic of China
Living in Russian Market
Life in the Russian Market area means being surrounded by a diverse range of food options, vibrant nightlife, and endless shopping possibilities. It’s an ideal spot for those who thrive in a bustling urban environment infused with cultural richness. With the aroma of fresh coffee wafting through the air and the convenience of daily essentials just around the corner, it’s hard not to feel at home here.
About IPS Cambodia
At IPS Cambodia, we understand the local real estate market like the back of our hand. Our reliable, data-driven insights empower clients to make informed decisions. Whether you’re searching for a new home, commercial space, or investment opportunities, we’re here to guide you every step of the way.
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