Why Is Toul Kork District First Choice for Residential Living?
Toul Kork is one of Phnom Penh’s districts known as the most popular area for residence after Boeung Keng Kang and Chamkarmon district. Toul Kork is divided into 10 communes and 143 villages with the land area of 7.99 km2 and population of over 145,000.
The district has two main communes: Boeung Kak I and Boeung Kak II which are most popular for residence with good infrastructures, especially the 3 main business roads: St. 289, 315 and 337 which have many high-rise commercial buildings, service apartments, supermarket, banks and many businesses activities.
Commenting on Toul Kork district, Seak Neardey, Head of Valuation at Key Real Estate, said: “Tuol Kork district has many improved roads connected with many main accessible roads such as Russian Boulevard, Mao Tse Tong Boulevard, Street 271, Street 182 and other business roads.”
Mr. Neardey added Toul Kork can be considered the most popular district for residential area in the heart of Phnom Pent thanks to its many huge development projects such as high-rise commercial building, condo, serviced-apartment, shops, international schools, and quality roads to support every day’s living. The beauty of this district lies in the big houses, villas and improved infrastructure.
Because of its strong development, the real estate market in this district keeps increasing from year to year. There have many commercial and well-known building such as DeCastle Condominiums, Nobeless Condo, TK Avenues, TK Central, TK star condominium, HCN Mall and Residence, SAMAI square, Royal Platinum Condo, all located within the Commune of Boeung Kak I and Boeung Kak II.
Based on the survey by Key Real Estate in the first semester of 2021, land price in Toul Kork district along the main road approximately ranges from $3,500 – $5,500 per sqm and along the sub-main road from $2,000 – $3,000 per sqm. Land price in the district is expected to increase 5 percent annually.
Meanwhile, Roshan Lal, Director of Rentex Property Service, said: “Toul Kork is well-known for its bigger roads access and more local wealthy elites live in this district as compared to Chamkarmon and other locations of Phnom Penh city.”
Toul kork is the first choice for those who are looking for private residence. In comparison to other parts of the CBD area, Toul Kork has much more potential in terms of landed rental properties, added Roshan. In the next 5 years, he believes that Toul Kork will be the next larger CBD area and most central location in Phnom Penh compared with Chamkarmon or BKK.
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