Compass Real Estate > Cambodia Real Estate Information > Guidance > Land in Svay Rieng are great potential for appreciation

Land in Svay Rieng are great potential for appreciation

2020-08-28
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Summary:Due to the thriving development of economy,the real estate in Svay Rieng are become more and more popular, land price begins soaring.

Svay Rieng Province is located in the southeast of Cambodia and borders Vietnam. The whole area is plain and the climate is dry. Although the province is far from the center of Cambodia, it has developed road traffic, which can directly connect to Phnom Penh and Ho Chi Minh City in Vietnam.

As an important province on the Cambodia-Vietnam border, Svay Rieng Province is of great significance to the economic development of Cambodia. The tourism market in Svay Rim Province is booming, the gaming industry developing, factories and enterprises have settled in one after another, and the city has great potential for development.

Prime Minister Hun Sen has stated on many occasions that more special economic zones will be established in the border areas of Cambodia and Vietnam. Cambodia's first special economic zone was established in Bavet City, Svay Rieng Province in the Cambodia-Vietnam border region. The first factory settled in there was a bicycle assembly plant, and Cambodia became the world's third largest bicycle exporter.

Last year, there were 19 special economic zones in Cambodia, attracting 377 factories to settle in, 90 Chinese and Japanese funded factories have created more than 110,000 jobs. It should be mentioned that in 2019, the bilateral trade volume between Cambodia and Thailand reached 9.41 billion U.S. dollars, an increase of 12% from the 8.38 billion U.S. dollars in 2018.

The increasing in bilateral trade volume is of great significance to the country's economic development. In the future, with the improvement of infrastructure in Svay Rieng Province, the opening of the Phnom Penh-Bavet Expressway, the construction of regional logistics centers, and the transportation and transfer of goods along the highway will be more convenient. The development of Svay Rieng Province are promising.

The development and transformation of cities are inseparable from the development of real estate. Due to the active economic development, the real estate market in Svay Rieng Province also begun to flourish. At present, the price of land is not expensive and the appreciation space for increase is great. These potential land can be bought in advance.

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