In recent years, Cambodia has become a major attraction for tourists seeking adventure and those interested in investing in real estate. Affordable living costs, international schools, and abundant job prospects make it an attractive destination for expats. Cambodia’s rich culture, stunning natural beauty, and economic growth potential have made it an ideal choice for those who are not only seeking a property but a dream lifestyle.
Let’s navigate the exciting realm of apartment living in Phnom Penh. Whether you’re an expert investor or a newcomer, our aim is to provide invaluable insights and recommendations to help you find your ideal home in this gorgeous metropolis.
Before we get into the details of the living experience in an apartment in Phnom Penh, if you’re looking to invest in the property, do not do it without the assistance of an expert real estate agent, like IPS Cambodia. They not only ensure safety and security in each process but also assist with all the legal paperwork and other essentials. Connect with the experts now to know more!
Understanding Phnom Penh’s Neighbourhood
Phnom Penh’s neighbourhoods are as diverse as those who call this city home. Whether looking for a busy city centre or a more tranquil suburban haven, Phnom Penh has something for everyone. Each neighbourhood is a piece of the city’s evolving tapestry, waiting to be explored and enjoyed.
BKK1:
Boeung Keng Kang 1, commonly known as BKK1, is Phnom Penh’s trendy and upscale district, this neighbourhood combines modern conveniences with a touch of elegance.
Toul Tom Poung:
The Russian Market area is an area that offers a blend of affordable apartments and a growing number of cosy cafes and eateries.
Tonle Bassac:
It’s home to ex-pats and locals seeking a quieter environment. With spacious villas, parks, and international schools, it’s perfect for families.
Chroy Changvar:
This area offers serene living with breathtaking cityscape views. It’s a quieter, more suburban setting with many modern apartments and condominiums.
Phnom Penh Thmey:
This suburban neighbourhood on the city’s outskirts is perfect for those who want to escape the urban chaos. It’s peaceful green and offers a wide range of affordable housing options.
Unlocking the Diversity: Types of Apartments Available in Phnom Penh
Let’s dive into the types of apartments available and explore the amenities and facilities that often accompany them.
Studio Apartments:
Perfect for singles and minimalist living, studio apartments are compact. These units are practical and cost-effective, ideal for those who prefer a simple, low-maintenance lifestyle.
Amenities: These often come equipped with basic amenities like air conditioning, a small kitchenette, and a private bathroom.
One-Bedroom Apartments-
Often a popular choice amongst couples, it consists of a separate bedroom, a living area, a kitchen, and a bathroom.
Amenities: These apartments often include more comprehensive amenities, such as a well-equipped kitchen, in-unit laundry, and air conditioning. Many buildings offer 24/7 security, parking, and sometimes even a gym or pool.
Two-Bedroom Apartments:
These apartments are suitable for family roommates. They typically offer a master bedroom and a smaller secondary bedroom.
Amenities: These apartments provide extensive amenities, including spacious living areas, multiple bathrooms, and sometimes a balcony. These apartment complexes have swimming pools, fitness centres, and landscaped gardens.
Rental Market Trends
Phnom Penh’s rental market is a dynamic landscape, ever-evolving to meet the diverse needs of its residents and expatriate community. Currently, rental prices in Phnom Penh Are rising, reflecting the city’s growing popularity. Location, property type, amenities’ availability, size and layout, and supply & demand influence prices significantly.
Occupancy rates remain relatively high, driven by the influx of newcomers seeking the city’s vibrant lifestyle and promising job opportunities.
Choosing the Right Apartment
Finding the perfect apartment can be daunting with so many choices. To help you make the right decision, consider Location, Budget, Apartment type, Amenities and facilities, security, and Lease terms. Have a conversation with your IPS Agent and explain your preferences to them. This will help them filter out suitable options for you.
Navigating the Rental Process
Renting in Phnom Penh follows a standard process.
Expatriates typically identify their housing needs and preferences, conduct property tours, and negotiate lease terms. This is where IPS Cambodia steps in, providing expert guidance, personalized property recommendations, legal support, and assistance with documentation.
Their extensive property database simplifies the search. Once the ideal property is found, IPS aids in finalising the lease agreement, ensuring a seamless and secure process for expatriates making their home.
Expat Community and Support
Phnom Penh boasts a thriving expatriate community, fostering a sense of belonging. IPS Cambodia actively connects expats with this community, offering support in various aspects of their transition. From housing assistance to local insights, IPS Cambodia is a valuable bridge, helping expatriates adapt and thrive in this dynamic city.
Conclusion
IPS Cambodia is a trusted ally in the quest for the perfect apartment in Phnom Penh. Their expertise and tailored approach make the journey of finding the ideal accommodation for expatriates a seamless and satisfying experience. Your dream apartment in this vibrant city is just a step away with IPS Cambodia by your side.
Connect with the expert real estate agents in Cambodia now to know more about the apartments available for rent in the capital city of Cambodia.