Phnom Penh is one of the fastest growing city in the region. The city is growing economically, culturally, and in any other way, you can think of. As a result, there is a constant flow of people that want to make a home for themselves in Phom Penh.
The real estate market is driven by the demand created from Phnom Penh’s rapid expansion and the masses of people coming in the city. Finding homes for rent in Phnom Penh is pretty much straightforward as there are plenty of real estate agencies operating within the city. The more challenging part is finding the right neighborhood that will suit your budget and the needs of your family.
Folks with Families
If you are searching for a quiet neighborhood with good schools, playgrounds, fast food restaurants, cinemas, and similar amenities, then you might consider BKK2 and BKK3. Both areas have gone through a lot in the last couple of years and are transformed into excellent urban areas suitable for families with children. It is a versatile community, a mix of local and foreign folks. Both areas are still expanding, and new residential buildings are made. All businesses are foreign-friendly, and a large percentage of the population speaks decent English. From there you can easily get to any part of the city as all the main roads are easily accessible and there is an excellent public transport system.
Tuek Thla is another neighborhood that is very popular with both expats and locals. Expats love it because it is very close to some of the best international schools, while the locals have been there for generations.
If you are a young person looking for something more than a quiet life, then you might consider Toul Tom Poung. Sounds bit unbelievable, but only a few years ago there wasn’t much to see in this area. However, once the city started expanding, Toul Tom Poung has been in the focus of many real estate investors. Nowadays, it is overflown with bars, restaurants, coffee shops, condos, villas, and western style houses.
Tonle Bassac and the Russian Market district are also very popular with young folks. Both areas are very dynamic, full of tourists and local folks looking for entertainment. There are even bars that are open around the clock. Tonle Bassac is undergoing a major rehaul as the real estate investments are counted in billions. At the same time, there are parts where there is no ongoing construction or anything like that. This neighboorhood is also known for its hipster street where you can find all sorts of bars and night clubs.
For Rich Folks
If money is not an issue, then Riverside is where you want to go as it has the best of everything. Best homes, best restaurants, best coffee shops, and so on, you get the picture. At the same time, it has the highest rents and prices per square foot. Many of the homes and apartments are located at the waterfront and come with a stunning view.