Buy or Rent Properties Daun Penh

With the area containing tourist attractions, the riverfront, the French Quarter with its beautiful colonial-style buildings, the central market, the renovated old train station, and the new emerging Central Business District, Daun Penh becoming an exciting area for commercial interests.

PP00123-04
2
2
90m2

Magnificent Apartment for Rent in Phnom Penh

$1,400
Per Month

Price Reduced

PP00118-16
4
4
230m2

New Penthouse Apartment for Sale in Phnom Penh, Daun Penh

$280,000
IMG 8529
2
2
128m2

Beautiful 2 bedroom apartment close to Phnom Penh’s Riverside

$159,500
$1,246 / m2
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For Sale

Deluxe Condo Up for sale in a Great Location - Daun Penh

2 bedroom luxury Condo Up for sale in a Great Location – Daun Penh

$139,606
Bedrooms: 2
Bathrooms: 2
Year Built: 2023
Floor Space: 84m2
Land Title: Hard Title

For Sale

Deluxe Condo Up for sale in a Great Location - Daun Penh

Deluxe Condo Up for sale in a Great Location – Daun Penh

$79,479
Bedrooms: 1
Bathrooms: 1
Year Built: 2023
Floor Space: 50m2
Land Title: Hard Title

For Sale

Luxury Western Style Apartment Up For Sale in Daun Penh Area

Luxury Western Style Apartment Up For Sale in Daun Penh Area

$150,000
Bedrooms: 2
Bathrooms: 2
Year Built: 2019
Floor Space: 120m2

For Rent

One Bedroom Petit Apartment up for rent in Daun Penh Area

One Bedroom Petit Apartment up for rent in Daun Penh Area

$450
Monthly
Bedrooms: 1
Bathrooms: 1
Floor Space: 60m2

For Rent

Luxury Western Style Apartment Up For Sale in Daun Penh Area

Luxury western style apartment For rent in Daun Penh Area

$750
Monthly
Bedrooms: 2
Bathrooms: 2
Year Built: 2019
Floor Space: 120m2

For Rent

Beautiful 2 Bedrooms Apartment For Rent In Daun Penh

Beautiful 2 Bedrooms Apartment For Rent In Daun Penh

$700
Monthly
Bedrooms: 2
Bathrooms: 2
Floor Space: 40m2

For Rent

Beautiful 3 bedrooms apartment in the Middle of Phnom Penh

Beautiful 3 bedrooms apartment in the Middle of Phnom Penh,Daun Penh

$2,000
Monthly
Bedrooms: 3
Bathrooms: 3
Year Built: 2018
Rental Term: 6 Months
Floor Space: 150m2

For Rent

Beautiful 1 bedroom apartment in Wat Phnom Area

Beautiful 1 bedroom apartment in Wat Phnom Area

$700
Monthly
Bedrooms: 1
Bathrooms: 1
Year Built: 2018
Rental Term: 6 Months
Floor Space: 65m2

For Rent

Beautiful 2 bedrooms apartment in Daun Penh, Wat Phnom Area

Beautiful 2 bedrooms apartment in Daun Penh, Wat Phnom Area

$1,000
Monthly
Bedrooms: 2
Bathrooms: 2
Year Built: 2018
Rental Term: 6 Months
Floor Space: 122m2

For Rent

A Great studio apartment in the heart of Phnom Penh

A Great studio apartment in the heart of Phnom Penh

$500
Monthly
$6 Months /sqm
Bedrooms: 1
Bathrooms: 1
Year Built: 2018
Floor Space: 49m2

For Rent

A Modern style apartment

A Modern style apartment with all furniture included in an A1 location

$450
Monthly
Bedrooms: 1
Bathrooms: 1
Rental Term: 6 Months
Floor Space: 60m2

For Sale

IMG 8529

Beautiful 2 bedroom apartment close to Phnom Penh’s Riverside

$159,500
$1246 /sqm
Bedrooms: 2
Bathrooms: 2
Year Built: 2018
Floor Space: 128m2

For Sale

Great 2 bedroom Apartment in BKK

Great 2 bedroom Apartment in BKK

$950
monthly
Bedrooms: 2
Bathrooms: 2
Year Built: 2017
Rental Term: 6 months
Floor Space: 125m2

For Rent

PP00123-04

Magnificent Apartment for Rent in Phnom Penh

$1,400
Per Month
Bedrooms: 2
Bathrooms: 2
Rental Term: 6 Months
Floor Space: 90m2

For Sale

PP00119-18

Apartment for Sale in Phnom Penh, Daun Penh

$180,000
Bedrooms: 2
Bathrooms: 2
Year Built: 2021
Floor Space: 240m2
Land Title: Soft Title

For Sale

Reduced Price

PP00118-16

New Penthouse Apartment for Sale in Phnom Penh, Daun Penh

$280,000
Bedrooms: 4
Bathrooms: 4
Year Built: 2018
Floor Space: 230m2

For Rent

PP00116

Phnom Penh, Premium Office Space for Rent at the Vattanac Tower in Wat Phnom

$28
/sqm
Rental Term: 2 Years

For Rent

PP00088 12

Large Flat House for Rent in Daun Penh, Phnom Penh

$2,500
Per Month
Bedrooms: 5
Bathrooms: 4
Parking: 1
Rental Term: 2 Years Minimum
Floor Space: 80m2

For Rent

PP00066 3

Phnom Penh, Chic Hotel for Rent in Daun Penh Area

$4,000
Per Month
Bedrooms: 15
Bathrooms: 15
Rental Term: 3 Year Minimum
Floor Space: 192m2

For Sale

PP00059 3

Flat House for Sale in Daun Penh, Phnom Penh

$65,000
$875 /sqm
Bedrooms: 1
Bathrooms: 1
Floor Space: 74.24m2
Land Title: Soft Title

Daun Penh

The Powerhouse of Phnom Penh

Located in Daun Penh, Chamkarmon, the area consists of many amenities, entertainment, bars, restaurants, office buildings and embassies. It is a haven for tourism, with the famous Tonle Sap river running through the area into the Mekong basin.

Daun Penh is the city’s historical centre where Phnom Penh was supposedly founded in 1327 in Wat Phnom‘s location in the Northeast area of the district.

Covering over seven square kilometres, the district is split up into 11 Sangkats:

  • Wat Phnom
  • Chey Chomneas
  • Sraas Chak
  • Phsar Chas
  • Boeung Raing
  • Phsar Kandal I, II
  • Chaktomuk
  • Phsar Thmey I, II, II

From a property perspective, the area comprises many low-rise buildings compared to other sites seeing multiple new condominium projects either completed or underway.

Here you will find plenty of 3-4 storey shop-houses with additional apartment space above; many of the structures are pre-1950’s or colonial-era buildings. However, many of these have been renovated and modernised to Western-style and standards.

Life in Daun Penh

The area is home to popular local markets such as Phsar Thmei and Phsar Kandal. However, the main attraction for living near Wat Phnom is its proximity to the riverfront and the tourist attractions such as the Royal Palace and the National Museum.

Apart from the Riverside itself, which has considerable tourism in high season, it has kept its charm and gives a more authentic Cambodian experience than newer city areas.

Sisowath Quay, referred to by Westerners as ‘Riverside’, has a picturesque boulevard that runs a long way adjacent to the Tonle Sap and the river basin that meets the Mekong.

The esplanade is also very popular with local Cambodians. Here you will find perfectly manicured lawns, walkways lined with palm trees and plentiful bars and restaurants with global cuisines available.

Here Cambodians flock to exercise in the mornings and enjoy the space in the evenings that sometimes become almost like a semi-party atmosphere.

Here apartments are generally cheaper than other areas of Chamkarmon; however, if you are looking to buy or rent on the riverfront, prices are premium for Phnom Penh.

Commercial Daun Penh

With the area containing tourist attractions, the riverfront, the French Quarter with its beautiful colonial-style buildings, the central market, the renovated old train station, and the new emerging Central Business District, it’s becoming an exciting area for commercial interests.

In the last decade, the area has become home to four high-rise office buildings, two A Grade and two B Grade, two developed by international developers and two by local developers, giving many office space options.

In the CBD, you will also find other sizeable office buildings occupied by major international companies such as:

  • The World Bank
  • IMF
  • Prudential
  • AIA
  • Deloitte
  • Bank of China
  • Regus
  • Raffles Hotel

Plus many more, and several 5-star hotels. Of course, you can expect to pay premium prices for commercial space with these types of occupiers in the area.

Here you will also find international quality hospitals located on France Street.

What Works in Daun Penh?

With a plethora of retail shops, office space, shopping centres and a varied amount of touristic options, it’s safe to say Daun Penh has been a magnet for real estate for many years.

However, in this current market, we are now seeing the value we have not seen for a long time and realistically may never see again.

Eating Out

Hospitality is also a big draw in the area, with one of the most vibrant food scenes anywhere in the country.

Street food to fine dining restaurants are everywhere and have always done well.

On Riverside alone, you will find plenty of restaurants.

There are many Western restaurants, and the following are easy to find and plentiful:

  • British
  • American
  • Italian
  • Mexican
  • Greek
  • Irish
  • Australian

Most of Asia is well represented in the area and easy to find:

  • Japanese
  • Korean
  • Chinese
  • Malaysian
  • Thai
  • Singapore
  • Indonesian

International cuisine covers a wide range of countries such as:

  • Indian
  • Mexican
  • Middle Eastern Food
  • Cuban

Daun Penh also has a lot of outlets for other global brands such as Lucky Burger and KFC.

Coffee has come to the forefront of everyday life in the last decade in the districts and now house multiple popular brands such as:

  • BROWN COFFEE
  • Costa Coffee
  • Cafe Amazon

So it is safe to say that a franchise or your bar, restaurant or cafe has the potential to do well in the area, not relying on tourism but the burgeoning middle-class of Khmers that are in the area during the daytime and after work.

Shopping

Shops and retails outlets do well here with many shopping malls and markets in the area such as:

  • Sorya Shopping Centre
  • Pencil Market
  • O’Russey Market
  • Kandal Market

Daun Penh also boasts a fine array of retail shops that cater for:

  • Handicrafts
  • Artwork
  • Jewellery
  • Souvenirs
  • Clothing
  • Footwear

Nightlife

Daun Penh is well-known for its vibrant nightlife and entertainment scene, boasting the country’s highest concentration of entertainment outlets.

In the evening, the areas around streets 51 and 172 come to life as bars and nightclubs open up to locals and foreigners alike. The scene is mixed with many Khmers enjoying Western-themed entertainment.

A New Orchard Road?

A premium price tag hasn’t seemed to scare foreign investors from still coming into Daun Penh enforce.

Many new projects are currently underway and, although slightly delayed due to the pandemic, are still moving forward, and completion dates will be forthcoming soon.

In the subsequent years between 2022 and 2030, we believe that Daun Penh could become the most developed and progressive area in the country.

Some people in the real estate business have likened it to potentially emulate Orchard Road, the stunning tourism and shopping belt in downtown Singapore, famous not only in Asia but the world over.

Here at Lux, we have years of experience dealing with a wide variety of real estate options for tenants, homebuyers and long-term investors in the Daun Penh area. Although prices are high, you will get plenty of risk-reward in this ever-evolving Riverside touristic and business district.

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