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Area guide

BKK 2

Boeng Keng Kang, Phnom Penh

Homes ask a median $370,000, +85% against Phnom Penh. Renting runs $695 a month, a 2.3% gross yield on that price.

Median asking price
$370,000
Middle 60% $90k to $850k
+85% vs Phnom Penh
Median asking rent
$695 /mo
Middle 60% $500 to $1k
-13% vs Phnom Penh
Price per m²
Not published
Needs 30 homes stating a floor area
 
Gross yield
2.3%
Median rent × 12 over median price
 

Where it sits

BKK 2 against the other sangkats of Boeng Keng Kang

Every figure below is measured the same way, at the same moment, for all 8 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
$370kBKK 2
Price per square metrePrice divided by floor area
$1,623Phnom Penh
Gross yieldAnnual rent against asking price
2.3%BKK 2

Olympic, Toul Svay Prey 2, Toul Tum Poung 1 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 BKK 2

Drag the figure. The bars are the homes listed in BKK 2 right now, grouped by what they ask.

4
4
2
2
5
10
7
$20k–
$60k
$60k–
$100k
$100k–
$150k
$150k–
$220k
$220k–
$320k
$320k–
$500k
$500k–
$1.5M
$220,000

12 of the 39 homes for sale in BKK 2 ask this or less - 31% of what is on the market here.

That sits inside the middle half, just below the typical asking price of $370,000.

39 of the 39 homes for sale carry a price. The rest are price on application: counted as supply, never inside a median.

Compared

BKK 2 against the other sangkats of Boeng Keng Kang

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

BKK 1330$215,500$2,7426,098$1,0906.1%
BKK 3175$165,000$1,8331,384$6504.7%
Tumnob Tuek40$346,000—217$5501.9%
BKK 239$370,000—943$6952.3%
Toul Svay Prey 133$460,000—234$7502.0%
Olympic17——236$550—
Toul Svay Prey 29——119$900—
Toul Tum Poung 10——1——

A dash is not a zero. A median needs 30 priced listings behind it and a yield needs 30 on each side; 6 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 BKK 2

Answered from the listings themselves, and recomputed every morning.

How much does it cost to buy in BKK 2?

The typical home for sale asks $370,000. Half of the 39 on the market ask less than that, and the middle half sit between $89,500 and $850,000.

How much is rent in BKK 2?

The typical asking rent is $695 a month, out of 944 rentals listed. The middle half ask between $500 and $1,460.

Is BKK 2 expensive?

Against Phnom Penh as a whole, homes here ask 85% more.

What return do landlords get in BKK 2?

Median rent over a year against the median asking price is 2.3%, before any costs. It compares asking prices with asking rents, not signed contracts.

What kind of property is for sale in BKK 2?

Mostly house, apartment / condo, shophouse. Of the 39 homes for sale, 24 are listed as house.

Living here

What BKK 2 is actually like

Boeung Keng Kang 2, is known more commonly as BKK2 by many Cambodians and foreigners in the capital of Phnom Penh.

Boeung Keng Kang 2 is a suburb in Phnom Penh that is located west of BKK1 and south of the Olympic Market. Ringed by the major roads of Sihanouk Boulevard to the north and Monivong Boulevard to the west, BKK2 falls under the new Boeung Keng Kang khan. 

BKK2’s convenient location means it has become an area that is increasingly popular for professionals, international expatriates and business professionals looking to find homes or invest in property in Phnom Penh’s booming real estate market.

BKK2 sits just across Monivong Boulevard from the foreign quarter of BKK1 and the last few years has seen the rapid development of BKK2 and BKK3. These areas had very few modern and western conveniences only a short few years ago but local residents, landowners and property investors realised the potential of housing needs in these areas. This demand now caters to the expat population overflowing from BKK1 but prices remain cheaper in BKK2.

In 2020, the area is also undergoing a transformation with many new build developments underway.

History

Boeung Keng Kang 2 (BKK2) is a Sangkat in Boeng Keng Kang (formerly Chamkar Mon), Phnom Penh, Cambodia. 

There’s no doubt that Phnom Penh is changing. Many expats have remarked that BKK2 feels distinctly different from BKK1. - the atmosphere is somewhere between the foreign quarter and Toul Tum Poung to the south. 

The last few years has seen the rapid development of BKK2, offering more affordable options of housing spaces compared to BKK. BKK2 district is within a 5-min tuk-tuk ride to the same conveniences as BKK but at much cheaper living rental costs.

Economy

The rapid growth of Phnom Penh is especially evident in the thriving Boeung Keng Kang neighborhoods. Catering to its mixed foreign residence,  the four surrounding boulevards offer superb accessibility to the rest of the city, not to mention the lively market and chic cafés that’s just a stroll down the street. 

BKK2’s convenient location means it has become an area that is increasingly popular for professionals, international expatriates and business professionals looking to find homes or invest in property in Phnom Penh’s booming real estate market.

The property type, especially the two- and three-bedroom flats inside traditional shophouses are one of the most common arrangements for expats in Cambodia. Many are split into two levels with kitchen and living areas below and bedrooms with in-suite bathrooms above. And This type of housing is what the majority of expats in BKK2 and BKK3 end up choosing. Property styles tend to be more dominated by the local Khmer styled housing in much of BKK2. With local landlords in the area realising the value of renting out their properties, many have renovated existing housing in order to accommodate the housing needs of people looking towards living in BKK2. 

Moreover, other property types such as full-service apartments with a full range of furnishings can still be found on a budget with new developments under way in 2020.

Population

In 2019, Phnom Penh had a total population of 2.13 million with a population growth rate of 3.92%. The total population density in 679 square kilometres (262 sq. mi) is 3,136 inhabitants per square kilometre. 

The final results of the 2019 census will be released in the second quarter of 2020.

According to a government decree, Boeng Keng Kang District was established to include Boeng Keng Kang I, Boeng Keng Kang II, Boeng Keng Kang III, Olympic, Tomnop Tek, Tuol Svay Prey I, and Tuol Svay Prey II communes.

BKK1, BKK2 and BKK3 are well known for their mix of upmarket international establishments and sleepy Khmer suburbs. 

Boeung Keng Kang 2 is also known for its popularity with the varied expat community, more recently with Korea, Chinese and Japanese.

Shopping

One of the highlights about living in BKK2 is that it is seemingly quiet, yet has easy road commutes to surrounding neighbourhoods such as BKK1 and the Russian Market area. 

This means you can shop around in the nearby BKK1 or TTP (Toul Tom Pong) areas which are rich in convenience stores, restaurants and cafes. 

BKK2 has seen increased activity in the area, with mini marts, pharmacies and shops beginning to pop up. Property owners recognise the value in the area, hence the move towards making it more expatriate friendly. Thus, property styles tend to be more dominated by the local Khmer styled housing in much of BKK2. 

Convenience stores can be the best way to pick up a small snack or daily groceries. Kiwi Mart and Fresh Mart are perfect for this. What’s more, International F&B brands such as Sakura Buffet and BBQ are in the area. There are stores like D&K Men Fashion Outlet, Swag Collection, ONE shop, ZIP Outlet, and Fragrance House. There is a wide array of local and foreign-owned coffee shops and banks.

Landmarks

Within BKK2, Tuol Sleng Genocide Museum is the most important historical landmark. The site is a former secondary school which was used as Security Prison 21 (S-21) by the Khmer Rouge regime from 1975 until its fall in 1979. The museum is open daily and offers guided tours with an entrance fee for foreigners but is free for Cambodian citizens. 

The other most popular historical landmarks are not necessarily situated in BKK2 but they are not far away, notably Independence Monument and Wat Langka. There are also Wat Thana and Wat Svay Poper.

The Independence Monument was built in 1958 to commemorate Cambodia’s liberation from French rule. Located on the intersection of Norodom Boulevard and Sihanouk Boulevard, the style of the Independence Monument is reminiscent of a blooming lotus (or a lotus-shaped stupa) and it was designed by legendary Cambodian architect Vann Molyvann. A traffic circle circumnavigates the iconic monument but it is a popular place for tourists to visit and take a photo of. At night time the monument is well lit. 

The Norodom Sihanouk Memorial, constructed in 2013, is located close to the Independence Monument. The site is often used for ceremonial purposes and marked on special occasions in Cambodia. The bronze statue of the revered former king is 4.5 meters tall and is housed under a 27 meter high stupa.

Wat Lanka temple (or pagoda) is believed to be one of the five oldest temples in Phnom Penh, and is located to the southwest of the Independence Monument. It was built by King Ponhea Yat in 1422 and is believed that the pagoda was first established as a sanctuary for religious scriptures and a meeting place for Cambodian and Sri Lankan monks.

Food

The Boeung Keng Kang 2 area has a few staples that every expat will know. Along Monivong there are a series of affordable Chinese hand-pulled noodle shops. Regardless of which one is the original, they all serve delicious soups and stellar dumplings. 

Up near Sihanouk Blvd, Yosaya offers great Thai food. There are also local  beer gardens around Tuol Sleng which have their grills fired up by sundown. Coin Café and Bar can be a good place to get a mix of Khmer or Western food.

There are a few restaurants in the area of BKK2, such as the Vegetarian Happy Cow on street 95 and the Chinese Noodle House on Monivong Boulevard. There are also many local Khmer restaurants, which all offer fantastic food with equally fantastic price tags. 

Surrounding Tuol Sleng Museum are a number of local and western eateries catering for the high number of tourists that live nearby the landmark.

The Treehouse Cafe on the corner of streets 113 and 320 has fantastic coffees, cakes, breads and meals. Or try one of the dozens of local cafes and street stall coffee vendors in the area.

Nightlife

There is a lack of large mainstream nightclubs here, BKK2 tends to quieten down at night, which can be a pleasure in itself. 

However street 310 in recent years has seen a number of cafes, bars and venues open up, this includes the Beer Urban House .

The Flicks Community Movie Theatre is an iconic social venue for expats and not only a nightlife feature. The independent;y run cinema is open to private bookings and they show a diverse range of mainstream and independent films. Flicks has been operating since 2009 and is also fully licensed.

But BKK2 is also situated very close to very busy nightlife areas such as BKK, Russian Market and Tonle Bassac.

Transportation

There is a wide range of public transportation across the capital of Phnom Penh. Cambodia’s remork-moto and the new smaller tuk-tuks are common on most streets as are moto-taxis (motodops). There is a public bus route network which does use the main boulevards too.

Private Buses and taxis are also alternatives for commuters and can be arranged via the many hotels and guesthouses in the area.

The airport is about 40 minutes away from BKK1 and there are many ways to be transported to/from the airport. Vehicles can be pre-booked or simply taken from the airport to get to Boeung Keng Kang 2. 

Ride-hailing apps are much more commonly used now in Phnom Penh, so it's best to download one or more of these (PassApp, Grab etc), as they tend to be more affordable and easier to navigate with, than explaining destinations to the local drivers, although the English levels are generally good in BKK2.

Expats

The Cambodian government announced early in 2019 that BKK would become its own district, it was previously a commune within Chamkarmon district. 

The expat demographic is very diverse with residents and visitors from countries such as China, Korea and Japan now more prominent than Western expats.

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

From here

On the market in BKK 2 right now

24 to 1rentals outnumber homes for sale. BKK 2 is a landlord’s market before it is a buyer’s one.
12 of 39homes for sale state a floor area, which is what makes a price per square metre a real division.

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.