But which apartment locations provide the most value for your money, both financially and in residential experience? Grant Fitzgerald, IPS Country Manager, talks about the hottest places to for apartments for rent in Siem Reap right now.
What are Popular and Attractive Areas for Expats Seeking Apartments for rent in Siem Reap?
Fitzgerald explains that there’s generally good access to all major areas in Siem Reap for expats, but the most popular areas are Wat Damnak, Wat Bo, Wat Po Langka and the Central Market Areas.
As a matter of experience, Fitzgerald says that Wat Bo is attractive because it has a lot of apartments coming up and is just 5 minutes away from the restaurants and the main pub street area. He continues to say that there’s also a lot of trees and vegetation in Wat Bo. How Much Are the Monthly Apartment Rental Costs for apartments for rent in Siem Reap?
Fitzgerald says, “The market’s actually changing a little bit up there in the moment because there’s a lot of construction.” He says there’s around 300 new residential units coming online.
He mentions that a standard one-bedroom apartment for rent in Siem Reap will cost you $350 a month. Added facilities like pools, gyms, and security will bump the price up to around $500 to $600 per month.
A luxury apartment will cost you around $800 to $1,200 a month. Fitzgerald says that an additional 25 percent of those prices would be the cost for each additional room.
Special Advice for Property Hunting for Apartments for rent in Siem Reap in Siem Reap:
He says that prices in Siem Reap are generally cheaper, in comparison to Phnom Penh prices.
As closing, Fitzgerald strongly recommends people to do their homework by looking at updated websites like realestate.com.kh or the IPS website. He says that in order to avoid surprises, trusted real estate agents, as experts in the field, should be one of the main considerations in property hunting.