This month, in our continuing series of emerging residential areas outside Phnom Penh centre we take a look at Sangkat Psar Doeum Thkov.
The normal response to uttering this suburbs name is “what market did you say again?” Psar Douem Thkov did in fact get its name from the local market however the largest physical feature of the suburb is the lake at its heart – Boeung Trabek. Like the larger Phnom Penh lake Boeung Kak, Boeung Trabek is currently being reclaimed piece by piece, but is still of a large size with its banks utilised by local farmers for the propagation of vegetable crops.
Psar Douem Thkov is located south of Toul Tom Poung and is bounded by St 271 (Phnom Penh’s ringroad) and the southern portion of Monivong Boulevard. The area is now undergoing rapid development. Newly laid concrete roads zigzag around the lake and service the huge number of Villas that make up the majority of the properties in this area. By central Phnom Penh standards, these villas are large, usually with a garden, and more affordable than their BKK1 cousins making this area attractive to families that cannot afford (or prefer not) the high rents of central Phnom Penh.
Due to the large amount of Villa’s, Psar Douem Thkov is fast becoming a budget option for commercial and NGO office space. Villas converted to offices are significantly cheaper per square meter than centrally located options, with the standard price between $5 and $6 per square meter.
The area is well serviced with easy access to Sovanna Shopping Center and the new Boeung Trabek Plaza. A number of boutique shops are emerging south from Toul Tom Poung into the area. With travel time to central Phnom Penh an easy 10 minutes by Tuk-tuk Psar Doeum Thkov is quickly emerging as a quality living option that won’t stretch the budget.
Managing Director of Independent Property Services.
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