Where can we buy properties in Cambodia?
Where is the potential developing areas in Cambodia?
To learn more about property development in Cambodia click here.
Phnom Penh, the country’s capital has witnessed significant urban growth over the last 10 years, and now has close to 2 million residents.
It’s the largest and fastest growing city in the country and serves as a gateway to the global economy.
Singapore Invested 100 sqm km agriculture hub launched in northern Kampong Speu.
This project is located in Oral District, kampong Speu. This project was designed by prominent Singaporean architectural firm Swan and Maclaren architects, which divided land into 16 distinct areas designated for:
- Farming
- Animal husbandry
- Animal feed production
- Private land
- Share accommodation
- Diversified business Center
- Mining industry
- Solar power
- Construction materials…
National Road 11 development drives land prices up in Prey Veng
National road 11 was inaugurated on December 6th, 2021 by the Royal Government of Cambodia. Much of the value of the land adjacent to the national road was between $40- $50 per sqm.
Developing of national road 11 has attracted property developers and other land investors. There have been inquiries coming from warehouses, gas stations and other entrepreneurial projects over the months since being inaugurated.
New International Airport Project in Cambodia
The government has decided to establish the ‘New Phnom Penh International Airport Assembly Sites Committee’ to facilitate the US$1.5 billion construction project located in Kandal Stueng district, Kandal Province, according a decision dated 18 February 2019.
To read more about Cambodia new Airport project click here.
As of December 2021, the construction project of the new Phnom Penh Airport in Takhmao city has reached 27% completion, on track to start operation by 2023.
Soon after the announcement of the Royal Government of Cambodia (RGC), there were reports that land was previously selling for $1-$2 per square meter was now being sold for a whopping $5-$6 per square meter. This was apparently due to the general belief that big development project like international airport bring up the value of the property around it.
It is also believed that rampant land speculation is due to reports that an Airport City will rise in the area after the airport is completed.
The approved investment proposal includes setting aside a 700- hectre port portion for a commercial center and residential property development.
Potential Developing areas in Cambodia – Phnom Penh Southern Areas
Through a combination of rising infrastructure development and relative abundance of affordable land, the area is rapidly positioning itself to become the preeminent location for future growth for all property segments.
New report of property development in Southern of Phnom Penh
Urbanization and population growth
Population 2.3m 2019 6 million in 2035
GDP Growth 7.7% (10years)
Annual urbanization rate 3.2%
$1,643 GDP per capita
Condominium 13 projects
Infrastructure development in unlocking land; lowering travel time and increasing value.
Landed property in the south
84 project 54 completed (2021) 30 under construction (2022)
Master plan with good information will win in future competition for home buyers. Larger project have launched ahead of nearby population affordable land, development activity, and future proofing have led this this trend.
Construction and Real Estate Share 18% of Total Credit of USD38 Billion
Credit to construction and real estate activities were cumulatively at $6.93 billion or 18% of the total.
The National Bank of Cambodia’s latest report has shown that credits to construction were at $3.8 billion or 9.3% of the total credit, which real estate activities share 8.7% or $3.35 billion.
NBC stated that credit volumes continued to increase due to increased demand for investment land other expenditures on sectors that supported economic activities.