Located between Monivong Boulevard and Mao Tse Tung Boulevard, the Russian Market (Toul Tom Poung) area has rapidly evolved into one of Phnom Penh’s most dynamic residential and lifestyle districts. Once known primarily for its iconic local market and expatriate community, the neighborhood today has become a vibrant urban hub attracting young professionals, expatriates, entrepreneurs, and property investors alike.
With its strong café culture, expanding condominium developments, international schools, and growing commercial activity extending south of Toul Tom Poung, the district is increasingly viewed as one of Phnom Penh’s most promising up-and-coming residential corridors.
The name “Russian Market” dates back to the 1980s, when many Russian expatriates lived and shopped in the area during Cambodia’s post-war reconstruction period. Over the decades, the neighborhood has transformed into a lively mixed-use district while retaining much of its local charm and cultural identity.
Today, Russian Market remains one of Phnom Penh’s most recognizable lifestyle neighborhoods, blending traditional markets, modern cafés, local businesses, and new residential developments into a uniquely energetic urban environment.
Russian Market has become increasingly popular due to its balance between convenience, affordability, and lifestyle appeal. Compared to central BKK1, the area offers relatively more accessible housing prices while still maintaining excellent connectivity to major commercial districts.
The neighborhood is also known for having one of Phnom Penh’s strongest food and beverage scenes, with a dense concentration of cafés, brunch spots, international restaurants, rooftop bars, and local street food vendors spread throughout the district.
As development continues expanding south of Toul Tom Poung, more condominium and mixed-use projects are entering the market, contributing to rising residential demand and increasing long-term investment potential.
Living in the Russian Market area offers residents convenient access to schools, supermarkets, cafés, offices, and entertainment venues. The district is located approximately 10–15 minutes from central BKK areas, making it attractive for both local residents and expatriates.
Shared apartments in the area typically range from $200 to $350 per month, while serviced apartments and condominiums vary depending on location, size, and facilities.
Typical Rental Pricing in the Area:This is one the most sought-after development projects in the heart of the Russian Market area.
Developer: KR Kingston Royale Co., Ltd.
Scale: 36 stories (310 units)
Expected Completion: 2027
Details: Rooftop pool, gym, yoga hall, multi-purpose hall, multi-level parking.
Pricing: Starting $5X,XXX.
This is currently the most significant high-rise development in the heart of the Russian Market area.
Developer: Megakim World Corp.
Scale: 49 storeys
Expected Completion: December 2028.
Details: It features 700 units including 1 to 3-bedroom classic layouts, and 1 to 4-bedroom duplex layouts. Amenities include a rooftop pool, gym, cinema, and multi-level parking.
Pricing: Starting around $4X,XXX.
This is currently the latest off-plan project in between BKK3 and Russian Market areas.
Developer: Megakim World Corp.
Scale: 39 storeys
Expected Completion: June 2029.
Details: It features 384 units including 1 to 2-bedroom classic layouts. Amenities include a rooftop pool, gym, and multi-level parking.
Pricing: Starting around $4X,XXX.
One the latest development projects in the center of the Russian Market area.
Developer: CDK Development and Imajineer
Scale: 37 stories (160 units)
Expected Completion: Q4 2029
Details: Reception/Lobby/Concierge, Gym/Fitness Center, Car Parking, Moto Parking, Elevators & Lifts, Commercial area, Garden, Sports Facilities, Backup Electricity / Generator
Pricing: Starting $7X,XXX.
Russian Market is widely regarded as one of Phnom Penh’s strongest lifestyle districts, combining local markets, boutique retail, supermarkets, and an extensive café culture within a highly walkable neighborhood.
Popular brands and cafés such as Zando, Brown Coffee, Starbucks, and Amazon Café can be found throughout the area alongside independently operated coffee shops, restaurants, and creative lifestyle venues.
The market remains a major attraction for both tourists and local residents, contributing significantly to the district’s lively atmosphere.
The Russian Market area is known for its exceptionally diverse food scene, ranging from traditional Khmer street food to Western, Korean, Japanese, and fusion dining concepts.
The neighborhood’s café culture has also become one of its defining characteristics, attracting remote workers, entrepreneurs, creatives, and younger expatriates seeking a more community-driven urban lifestyle.
Nearby supermarkets such as Lucky Market and Angkor Market provide convenient grocery options for residents.
Areas south of Russian Market are increasingly attracting attention from both developers and investors as Phnom Penh’s urban expansion continues outward from central districts like BKK1.
Improved infrastructure, growing commercial activity, and an increasing number of condominium launches are helping transform southern Toul Tom Poung into one of the city’s emerging residential growth corridors.
For buyers seeking a balance between accessibility, lifestyle, and long-term appreciation potential, the district is becoming an increasingly compelling alternative to more mature central locations.
Living in Russian Market offers residents a highly urban and connected lifestyle surrounded by cafés, restaurants, schools, retail outlets, and local markets. The neighborhood’s mix of local culture and modern convenience continues to attract a diverse residential community ranging from young professionals to long-term expatriates and families.
As the district continues evolving, Russian Market and the surrounding Toul Tom Poung area remain among Phnom Penh’s most exciting neighborhoods to watch.
Thank you for listing the prices. 🥰