Finding the perfect area to live in within Phnom Penh isn’t difficult for most people since the answer is: BKK1. Since it’s called the expat heaven of the city wherein most restaurants and great real estate properties are located, locals and foreigners often want to look for a place here. However, this sort of demand leads to a supply issue when it comes to properties since there are fewer available in the market. Generally, the rental prices increase as well because of the limited supply.
This doesn’t have to be a problem though since finding your own place close to BKK1 will allow you the same benefits if you were living there. To find out the best areas close to BKK1 that can become your alternative address, leading real estate company IPS Cambodia has curated the top four places you can find a property to rent in below.
One of your best options close to BKK1 is Tonle Bassac where higher quality of living is prioritized the most. Upscale doesn’t begin to describe the numerous posh hotels you can find located in this area alone as well as real estate developments where you get to live your best life. This is primarily because the housing options you can choose from are villas, condominiums, serviced apartments, and apartments.
Take note though that studio units are rare in Tonle Bassac since most homes you can find here are 1 bedroom to 3 bedrooms. For apartments, the 2 bedroom units have an average rental cost of $1,300 to $2,000 and 3 bedroom units range $3,000 and more.
Besides great housing options in Tonle Bassac, you can have a thriving nightlife since the popular pub and bar spot in Phnom Penh is Bassac Lane, which is in this area. Tonle Bassac also has tourist attractions you can go to anytime like children parks, casinos, art centers, and more.
BKK2 and BKK3
If you’re looking for cheaper housing options with similar entertainment and conveniences, then BKK2 and BKK3 are great areas for you to find your perfect alternative address! When you want to live in more local housing like Khmer villas and townhouses, BKK2 is perfect while the more modern area is BKK3 with condominiums and apartments.
Since the rental prices are similar to both districts, depending on how many rooms you want, condominiums have a monthly cost ranging between $800 up to $2,000. For serviced apartments, it starts at $500 up to $700 while apartments begin at $350.
One of the best areas you can find your future dream home in is Daun Penh which is close to BKK1. This is a developing area that has only undergone developments in recent years, making it a great place to find your dream home at cheaper rates compared to other districts. Your housing options here are apartments, shopfront apartments and villas.
For one bedroom apartments, it can cost between $600 to $1,500 and for two to three bedrooms, it ranges between $900 to $3,500. On the other hand, one to two bedroom units of shopfront apartments can have a monthly rent ranging between $350 to $1,200. If you want to rent a villa, depending on how many rooms you want, the rent can range from $2,000 to $4,000.