The Best Neighborhoods for Expats to Buy Property in Phnom Penh
Phnom Penh, the capital city of Cambodia, is becoming an increasingly attractive destination for expats looking to invest in property. The city's unique blend of rich history, vibrant culture, and modern amenities makes it a desirable location for those relocating from abroad. In this article, we'll explore some of the best neighborhoods for expats to buy property in Phnom Penh.
BKK1 (Boeng Keng Kang 1)
BKK1 is one of the most popular neighborhoods among expats, known for its lively atmosphere and an array of international amenities. With numerous cafes, restaurants, and shops, this area provides a cosmopolitan lifestyle. The proximity to international schools and embassies makes it an excellent choice for families. Real estate options in BKK1 include modern condominiums and upscale apartment complexes.
Russian Market (Toul Tom Poung)
Russian Market, or Toul Tom Poung, is famous for its bustling street market that offers everything from fresh produce to handcrafted souvenirs. This neighborhood has a diverse expat community, making it easy to meet new people. Property prices are generally more affordable here compared to BKK1, and you can find a mix of traditional Khmer homes and modern developments. The eclectic vibe combined with vibrant local culture makes it a favorite for many expats.
Phnom Penh Riverside
The Riverside area is picturesque, with views of the Mekong River and Sisowath Quay lined with palm trees. This neighborhood is perfect for those who enjoy waterfront living and a more laid-back atmosphere. The Riverside is close to many tourist attractions, cafes, and nightlife spots. It boasts a range of property options from luxury condos with stunning river views to charming colonial-style apartments. Living here offers the chance to experience Phnom Penh's scenic beauty while being in the heart of the city.
Chroy Changvar
Chroy Changvar is located just across the river from the city center and has recently seen an influx of new developments. This neighborhood is appealing for expats looking for quieter surroundings while still being accessible to urban conveniences. It is ideal for families seeking a suburban feel, with many spacious villas and townhouses available at competitive prices. The area is expanding rapidly, promising good future investment potential.
Toul Kork
Toul Kork is favored by expats for its green spaces and quieter residential neighborhoods. This area has a great selection of international schools, making it particularly attractive for families. Shopping malls, local markets, and dining options are easily accessible, offering a balanced lifestyle for residents. Properties here include new developments, serviced apartments, and private homes, catering to different preferences and budgets.
Sen Sok
Sen Sok is an up-and-coming district in Phnom Penh, gaining popularity among expats for its affordable real estate options and growing infrastructure. The area features several shopping centers and recreational facilities, making it a family-friendly neighborhood. As development continues, investing in property here offers great potential for appreciation in value over time. Expats can find a variety of housing options, including modern condos and spacious apartments.
In conclusion, Phnom Penh has a variety of neighborhoods that cater to the diverse needs of expats looking to buy property. Whether you prioritize vibrant urban life, tranquil surroundings, or family-friendly communities, there is an area that fits your lifestyle. As the city continues to grow, investing in real estate in Phnom Penh could be a wise choice for expats.
