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Rent condo In Phnom Penh

Phnom Penh, the capital of Cambodia, is not exactly a superpopular tourist destination. The country and the city itself have had a long and, during the 20th century, rather turbulent history. Still, the country and its capital have been through two decades of steady economic growth, especially in tourism. Peace and development have their impact on the property market. Cambodia and its capital city, Phnom Penh, accommodate businesses, business officials as well as leisure visitors, long term or short term. If you are one of them, you might want to be prepared for the housing availability and prices there.
If you are looking for overnight accommodation in Phnom Penh, prices can be as low as 5 – 25 USD per night per adult in a hostel or B&B. This includes bathroom, TV, free WiFi, minibar, common seating area. A hotel will charge you about 60 USD for 3-star accommodation per night, and, of course, there are various guest houses, family rooms, hostels etc., depending on your needs.
If you plan a longer stay, you will probably need a place to rent on a monthly basis. A studio in Phnom Penh will cost you about 500 USD per month. Depending on the number of bedrooms and bathrooms, the prices go steadily higher and can reach 5000 USD per month for a 4-bedroom, 4-bathroom flat in a superb location.
If you are looking to buy, a 1-bedroom condominium in Phnom Penh, in a newly-built tower block, with a lift, 24-hour security but no parking space will cost you 50 000 USD.
Houses for sale are hard to find in Phnom Penh, and highly priced. Cost start from about 200 000 USD and can reach millions for stylish, old fashioned, well-kept villas, as far as they are available.
You should be aware that the national currency in Cambodia is the Cambodian Riel (KHR), and the exchange rate is currently 4046 KHR per 1 USD, or 4636 KHR per 1 EUR.
As for viewing and booking a property in advance, Property rental in Phnon Penh stands out among the options. The site has a wide range of properties on offer and functional filters to ease selection. The site does not include overnight stays. However, those who wish to lease, rent or buy have enough to select from. There are residential properties as well as commercial ones. The site also offers convenient maps and advisory articles on the property market opportunities in Phnom Penh.

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