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Area guide

Russey Keo

Phnom Penh

Homes ask a median $230,876, +15% against Phnom Penh. Renting runs $900 a month, a 4.7% gross yield on that price.

Median asking price
$230,876
Middle 60% $118k to $627k
+15% vs Phnom Penh
Median asking rent
$900 /mo
Middle 60% $469 to $3k
+13% vs Phnom Penh
Price per m²
$1,330
From 147 homes stating a floor area
-19% vs Phnom Penh
Gross yield
4.7%
Median rent × 12 over median price
 

Where it sits

The sangkats of Russey Keo, side by side

Every figure below is measured the same way, at the same moment, for all 9 of them. That is the only thing that makes a number like this mean anything.

Median asking priceWhat half the homes ask less than
$200kPhnom Penh
$231kRussey Keo
Gross yieldAnnual rent against asking price
4.7%Russey Keo

Svay Pak, carry no dots: fewer than 30 priced listings is not enough to publish a median, so the figure is withheld rather than guessed at.

Your money here

What a budget actually reaches in Russey Keo

Drag the figure. The bars are the homes listed in Russey Keo right now, grouped by what they ask.

13
37
70
66
69
41
78
$20k–
$60k
$60k–
$100k
$100k–
$150k
$150k–
$220k
$220k–
$320k
$320k–
$500k
$500k–
$1.5M
$220,000

186 of the 392 homes for sale in Russey Keo ask this or less - 47% of what is on the market here.

That sits inside the middle 60%, just below the typical asking price of $230,876.

387 of the 392 homes for sale carry a price. The rest are price on application: counted as supply, never inside a median.

Compared

The sangkats of Russey Keo, side by side

Two counts cannot tell you which one to live in. Tap a heading to re-rank.

Chrang Chamres I81$260,000—77$1,3006.0%
Russey Keo77$156,500—72$9006.9%
Tuol Sangke48$185,500—70$6003.9%
Tuol Sangkae 244$286,000—50$7002.9%
Kilomaetr Lekh Prammuoy43$179,000—19——
Chrang Chamres 241$315,000—56$3,00011.4%
Tuol Sangkae 137$247,500—66$5002.4%
Svay Pak18——5——
3——2——

A dash is not a zero. A median needs 30 priced listings behind it and a yield needs 30 on each side; 9 of these fall under that on at least one measure, so those figures are withheld rather than printed off a handful of homes.

Straight questions

The questions people ask about Russey Keo

Answered from the listings themselves, and recomputed every morning.

How much does it cost to buy in Russey Keo?

The typical home for sale asks $230,876. Half of the 392 on the market ask less than that, and the middle 60% sit between $117,800 and $627,333.

How much is rent in Russey Keo?

The typical asking rent is $900 a month, out of 417 rentals listed. The middle 60% ask between $469 and $2,500.

Is Russey Keo expensive?

Against Phnom Penh as a whole, homes here ask 15% more. By the square metre the gap is -19%, which is the fairer comparison because it does not reward a bigger home.

What return do landlords get in Russey Keo?

Median rent over a year against the median asking price is 4.7%, before any costs. It compares asking prices with asking rents, not signed contracts.

What kind of property is for sale in Russey Keo?

Mostly house, villa, twin villa / land. Of the 392 homes for sale, 304 are listed as house.

Living here

What Russey Keo is actually like

Russey Keo (also spelled Russei Keo) is a Khan in the north of Cambodia’s capital of Phnom Penh. 

In Russey Keo, some very large boreys and mixed-use developments are changing the district, which is mostly populated by lower to middle-class Cambodians. Very few western expats live in the area but more Chinese, Japanese and Korean expats are living in Russey Keo.

Russey Keo is made up of mostly local residential homes, villas and apartments but several businesses have their offices here and it is also home to large scale breweries and manufacturing plants. 

As a gateway to the north and with National Highway 5 running along the banks of the river, Russey Keo is seeing increased development and diversification of its residents and developments.

History

Russey Keo is one of the Khans in Phnom Penh which tends to have a more diverse residential makeup with many pagodas, mosques and Christan churches located in the Khan.

It traditionally has been a mixed commercial, manufacturing and residential area and is less frequented by western expats and attracts very few tourists.

Economy

Camko City is an urban development zone being developed by a consortium spearheaded by South Korean World City Co., Ltd in the southwest of Russey Keo (in Sangkat Toul Sangkea 2).

It was approved as a development zone for a new satellite city in 2003 and the projected investment was valued at over USD $2 billion. The mix-use development zone includes residential and commercial areas including health facilities, sports complex, educational institutions, cultural and convention centres.

The development also improved the infrastructure in the area, including a 30M wide Angkor Blvd which includes 6 lanes and heads towards Sen Sok. The nearby roads have also been built with superior drainage to take into account localised flooding.

The Khan has fewer tower blocks and condos than other districts in Phnom Penh, such as the newly sprawling Sen Sok.  However, boreys and new developments are being built along National Road 5 and along the Tonle Sap river for some major new projects.

The land and property price ranges in Russey Keo vary, meaning there are still development opportunities. Toul Sangkae has seen a lot of new condominium and apartment complexes, while Chea Sophara road, is also a hotbed of activity and includes a number of new boreys.

Kingdom Breweries is one of the longest-running beer breweries in the Kingdom of Cambodia and is located near to the river in Russey Keo, while the Cambodia Beverage Company is also located nearby.

The Khan is benefiting from the rapid growth and development of nearby Toul Kork and Sen Sok.

Shopping

The residents in Russey Keo are mostly poor-middle class Cambodians, and along National Road 5, in particular, the main route is full of small shops selling food, drinks, clothes and other affordable goods.

There are a lot of local markets in Russey Keo, but it is home to less recognised modern shopping malls. Many stalls selling all sorts of goods from clothes, electronics, homeware, construction and more are available throughout Russey Keo. 

Due to the proximity to Sen Sok and Toul Kork, residents will head there for the ‘mall experience’ and other boutique and high-end shopping.Big Tree Community Mall is a new mall under construction in Russey Keo on National Road 5. The three-storey mall will offer boutique-style retail outlets, family-friendly green play areas, and other community gathering and event areas.

Landmarks

Chroy Changva is an easily identifiable bridge in Phnom Penh, and crosses over from near Russey Keo to Chroy Changva district in the north of the city and is an important gateway. In recent years the existing bridge and the surrounding areas have been upgraded and the landscaping at either side of the bridge vastly improved. A second bridge was also introduced to ease traffic congestion.

The large-scale international commercial complex project TCC Triumph Commercial Center is under construction in the Khan and the developers claim it will have 10,000 businesses when completed. The cost of the project is estimated to be $1 billion. The TCC Triumph Commercial Center will consist of shopping centres, apartments and tourism and entertainment facilities.

Camko City is one of the biggest developments in the city and is certainly a large urban landmark in Russey Keo. Not far northeast from the condominiums is the RSN Football stadium, which is home to one of the biggest football clubs in Cambodia, Phnom Penh Crown FC.

The Army Stadium (also called the Old Stadium) is also located at the southern end of Russey Keo, close to the bridge. 

CTN, the Cambodian Television Network has its main station in Russey Keo and is also popular for live TV events and hosting live sporting events such as Cambodian Bokator.

The Khan of Russey Keo is also home to a number of governmental, military and corporate offices.

Food

Like many Asian countries, the staple food of Cambodia is rice. Daily dishes accompanying rice are salted fish, chicken, beef or pork. Some of the more well known traditional dishes include prahok and kapi which are popular bases for sauces with but have an acquired taste. Cambodian dishes commonly found on menus include Amok (a sweet coconut-based curry), Lok Lak (which includes a pepper beef and fresh vegetables) or a variety of broths and noodle dishes as well as BBQs with sweet scent meats.

Camko City features a number of franchise and dining outlets including cafes, Mikes Burgers, bakeries and grocery stores. It also caters for the local Korean and Japanese tastes with BBQs and groceries.

The area in Toul Sangkae has a vast number of cafes, bakeries and local dining options and street food available. In fact, most of the Khan is less occupied by western expats and there are many Cambodian restaurants, food stalls and affordable local fare on offer.

Nightlife

Russey Keo is more geared towards the local Cambodian population and there are many beer gardens, KTVs and some Cambodian clubs in the Khan. 

There are not many well-known bars or clubs known to the western expat community in Russey Keo but there are hotels along the riverside which provide live music and sunset drinks.

Transportation

Phnom Penh International Airport is the biggest airport in the Kingdom in 2020, located approximately 7 kilometres west of the central city. It is easiest to reach the airport using Cambodia’s tuk tuk or the remork-moto (a carriage attached to a motorcycle) while newer smaller tuk tuks have also entered the market in recent years. These are popular and easy to find especially with a number of ride-hailing apps which are commonly used in Phnom Penh.

Some water taxis have also started operating as the city expands and it deals with a growing traffic issue.

River ferries between the banks of Phnom Penh and the peninsulas are also used and the crossings are popular with local Cambodians.

Many buses also travel along National Road 5 and traffic can build up in Russey Keo along the river in peak times.

Expats

Few western expats call Russey Keo home but it has become more popular with Chinese, Korean and Japanese expats who live and work in the north of Phnom Penh. This is more true around newer developments such as Camko City.

The district does have a number of businesses and schools and a diverse number of religious buildings, while it also borders rapidly growing developments to the south and to the west. Combined with new infrastructure projects and development and the rarity of some green space, Russey Keo could attract a more diverse group of expats in the future.

Every word above is already written, and already on the site.

From here

On the market in Russey Keo right now

About eventhe sale and rental markets here are about the same size.
2listings can be walked through on video before you visit in person.
147 of 392homes for sale show a price per square metre, worked out from a public asking price and a floor area (a development shows its own published rate).

Straight answers

What these figures are, and what we will not print

Where these figures come from, and where they stop.

Asking, not sold

Every price here is what a seller or landlord advertises on this site today. Cambodia publishes no register of transaction prices, so nobody can honestly print what homes actually sold for.

Why there is no price chart

Our historical figures are not measured consistently enough to compare one year with another, so we would rather show no trend line than a misleading one.

Small samples are withheld

A median needs 30 priced listings behind it, and a yield needs 30 on each side. Below that the figure is a dash. A dash is an admission; a number would be a claim.

Per square metre is computed

Price divided by floor area, every time, over the homes that state one. The per-square-metre figure agents type into the listing form is never used here.

These counts match the search

Every count is what the search results page returns for the same area, because it is the same query.

Written by people

The sections under "Living here" were researched, written and photographed for this site. Nothing on this page is generated prose.