Humming with history along with a rich vein of culture, Phnom Penh is the perfect kingdom for those looking for an extended sojourn.
With more than 2.2+ million people residing in this bustling financial hub, the requirements for apartments are amplifying.
But there's one thing.
As a resident, it might be slightly leisurely for you to get your apartment as per your preferences and taste, but for an expat, navigating through the rental market (for apartment) of Phnom Penh can be an arduous task.
So instead of faffing your time in cracking issues like linguistic obstacles and feeling swamped by the offerings (apartments) you get from this capital city, it's more effective that you evade these steps and get in touch with the wizards at IPS Cambodia.
They specialise in helping individuals and families like you get your ideal rental or investment properties.
In the meantime, let's take a closer look at how Phnom Penh apartments can change your perception of comfort.
Perks Of Choosing Apartment In Phnom Penh
When you opt for an apartment in Phnom Penh, it brings a multitude of perks and accommodations (to be discussed below):
Low Maintenance Cost
● When compared with a house proprietorship, one of the noteworthy perks you get while renting an apartment is that your maintenance cost is cheaper.
● Tenants are free from mental hassles like repairs, ceiling, sink, electrical, and drainage issues.
Income Tax Benefits
● If you're an individual owner renting his apartment to an individual tenant, then you do not need to pay tax.
● On the other hand, if you rent your property to an individual affiliated with a company, then a rental property tax needs to be paid.
Access To Luxury Amenities Without Any Cost
Numerous apartments in Phnom Penh serve an array of luxurious amenities and that to without any cost:
● A cosy and serene escape
● Floor-to-ceiling windows
● Round-the-clock security
● In-house jacuzzi
● Swimming pools
● And a garden area.
Allows To Explore Local Culture
● Buying or renting an apartment in the streets of residential neighbourhoods like Central Market or Central Business District allows you to intimately explore its local culture.
No Unnecessary Expenditure
● You don't need to pay an upfront cost when renting an apartment in Phnom Penh.
● Choosing an apartment that aligns with your taste and preferences helps avoid longer-term financial repercussions (usually when you buy one).
More Privacy
● When pitted against hotels or guesthouses, apartments usually come with more privacy and space.
A look At The Different Types Of Apartments In Phnom Penh
In your quest for apartments in Phnom Penh, you'll usually come across a range of preferences which is made to suit different styles. So whether you're a couple, an individual, a nuclear family, or a group of people, here's the list of different types of apartments that are available in the city:
Studio Apartments
● As said, if you're a couple or an individual who is looking for a compact living space, then this apartment is the ideal fit for you.
● Usually, these types of apartments come with a living area, bedroom, furnished kitchen, and a separate bathroom for privacy.
● You'll also come across a small patio or sundeck in some projects.
● The average rent price for these apartments ranges between- $350 - $600.
One Bedroom Apartments
● One-bedroom apartment is perfect if you're a young professional or a newlywed couple who is in the quest for some privacy and extra space.
● And as the name explains itself, you'll get a living area, a fully fitted kitchenette, a master bedroom which serves comfy space, and a terrace, if any.
● The average rent price for these apartments ranges between- $400 - $1,300.
Two Bedroom Apartment
● These apartments are perfect for mid-sized families or groups of mates.
● You'll get a living area, a fully fitted kitchenette, two separate bedrooms serving comfy space, privacy, and two bathrooms.
● The average rent price for these apartments ranges between- $700 - $2,500.
Three And Four Bedroom Apartment
If you're a family with two or more kids, then here's why you need to buy your three or four-bedroom apartment that can make a huge difference in your financial security:
● Comes with adequate living space.
● Provides immense comfort.
● Gives a sense of exclusivity because of its extravagant living area.
● You can spend quality time with your extended friends without hampering your kids or elders' privacy.
● The average rent price for these apartments ranges between- $1,200 - $3,500 (for 3 Bedrooms) & $2,500 - $4,500 (for 4 Bedrooms).
Wrapping Up
Buying or renting your desired apartment in Phnom Penh is an easy process only when you pursue the right steps.
It doesn't matter whether you're a local resident or a first-time ex-pat, but what does is you need to comprehend the whole process which leads you to your dream project.
And when you get your possession in this metropolis, it allows you to explore & embrace the magnificence of this city.
So instead of conducting independent searches, it's urged that you preserve your time and energy by onboarding the experts at IPS Cambodia.
