BKK2 | Boeung Keng Kang 2
BKK2 Real Estate Overview
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 and Monivong Boulevard, BKK2 falls under the local Khan of Chamkar Mon. BKK2’s convenient location has proved it to become an area that is increasingly popular for professionals, international expatriates and business professional looking to find homes or invest in property in Phnom Penh’s booming real estate market.
When looking for a home in Phnom Penh, property types in BKK2 vary from modernised apartment blocks to large villas and smaller, lock up and go homes. One of the highlights about living in this area is that it is seemingly quieter than most others yet has easy road commutes to surrounding neighbourhoods such as BKK1 and the Russian Market area. This allows for anyone opting to live, rent or invest in this area easy access to restaurants, nightlife and schools.
BKK2 Property Trends
Similar to neighbouring BKK3, BKK2 has seen an overflow of real estate searchers from areas such as BKK1. This overflow has seen increased activity in the area, with mini marts, pharmacies and shops beginning to pop up. Property Owners recognize the value in the area, hence the move towards making it more expatriate friendly.
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. Short term rentals as well as long term rentals are available.
BKK2 Home Prices
Rentals for flats, villas and houses in BKK2 range from $450 pcm for a more traditional Khmer, shop front styled home, to $800 for a serviced apartment in one of the newer apartment blocks in BKK2.
Purchasing property in this area of Phnom Penh usually starts at about USD 2,000 per square metre. House prices are in the region of USD 2,800 per square metre when looking towards more modern living spaces and villas.
Land is available to purchase in BKK2 and the starting price per square metre is USD 2,300 on average.
Boeung Keng Kang 2 Community Info
The area quietens down at night, which can be a pleasure in itself. There are a few restaurants in the area, such as the Vegetarian Happy Cow on street 95 and the The Chinese Noodle House on Monivong Boulevard. On top of this, closely located areas have many well known bars such as Equinox and Top Banana, as well as some fantastic restaurants such as the Common Tiger and Topaz. These are all a very convenient commute from BKK2.
There are also many local Khmer restaurants, which all offer fantastic food with equally as fantastic price tags. If you are wondering where to live in Phnom Penh, BKK2 is definitely a top choice.