Toul Kork is a large district located in the center of Phnom Penh, known as one of the most popular living areas after Boeung Keng Kang and Chamkarmon. Toul Kork district is divided into 10 communes and 143 villages with an area of 7.99 square kilometers and a population of over 145,000.
Toul Kork has two main communes, Boeung Kak 1 and Boeung Kak 2, which are the most popular communes for housing with good infrastructure, especially with 3 wide roads, Street 289, 315 and 337. These three streets include high-rise commercial buildings, apartments, shopping malls, banks and many other business activities.
Mr. Siek Neary Tey, Head of Appraisal at Key Real Estate, said: Street 271, Street 182 and many other commercial streets.
He said that Toul Kork is considered to be the most popular district for accommodation in the center of Phnom Penh, with many development projects there, such as commercial buildings, condominiums, apartments, shops, international schools and highways. Many to sustain daily life. The beauty of this district is due to the large houses and villas and the excellent infrastructure.
Because it is a highly developed area, the real estate market in this district is growing from year to year. This district is rich in many famous commercial and residential buildings such as DeCastle Condo, Nobeless Condo, Royal Platinum Condo, TK Star Condo, TK Shopping Mall, SAMAI square and HCN Mall and Residence, which are located in Boeung Kak 1 and Boeung Kak. 2.
Based on market research by Key Real Estate in the first half of 2021, the price of land along the main road of Toul Kork district is about $ 3,500 to $ 5,500 per square meter and the narrow road is Prices range from $ 2,000 to $ 3,000 per square meter. Land prices in the district are projected to rise by 5 percent annually.
Meanwhile, Roshan Lal, CEO of Rentex Property Service, said: “Toul Kork district has a lot of aristocrats living in this district compared to Chamkarmon and other districts in Phnom Penh. “This district has a lot of wide and beautiful roads, which is attractive for many projects such as housing projects and shopping malls.”
Roshan also added that Toul Kork is the first choice for those looking for private housing. Compared to other areas, Toul Kork has a lot of potential for real estate for rent. Over the next five years, he believes the district will become the largest commercial center in central Phnom Penh after Chamkarmon and Boeung Keng Kang.