Compass Real Estate > Cambodia Real Estate Information > The 60-meter Street area is attracting the construction of Boreys and Business Centers

The 60-meter Street area is attracting the construction of Boreys and Business Centers

2019-01-14
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Summary:Now 2019 comming , new developments regarding the development have emerged, especially in the southern part of Phnom Penh, on Samdech Techo HUN SEN Highway (Street 60m).

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Now 2019 comming , new developments regarding the development have emerged, especially in the southern part of Phnom Penh, on Samdech Techo HUN SEN Highway (Street 60m).

 Nowadays, housing projects, condominiums and large commercial centers have already been built in this region, where the future of the region will flourish and become a more attractive and attractive business and housing hub.

Mr. Chrik Soknim, president of the Association of Valued Realtors and Real Estate Cambodia, said yesterday that the area is already in the center of the city and is a fast-developing area because of its proximity to the center, Capital and new area is  easy to organize, as well as some great infrastructure well prepared. .

The area over the next five years will become a popular area for living and trading," he said. "It will be a vibrant area in the future.

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Currently, two large shopping malls are under construction, Borey Pheng Huot Shopping Center and  Chop Mong Land Supermarket and AEON MALL 3 mall will be built in this area in the future.

Chairman of the Association of Real Estate Professionals of Cambodia Mr. Kheang Puthy said that the whole city in Phnom Penh has been developed quite quickly and in different ways, but for the southern part of Phnom Penh, especially the 60-meter highway, And land prices have already risen.

He added that the reason for the high price of land in the area is because of First, the proximity of the new city, Second , is attracting investment from international investors, and third, infrastructure and connectivity. From this area to the airport is close and near to  the city center.

Over the next three to five years, it will be a huge trading center and a vibrant new city, but in the next five to ten years, we look 

 a long to the region , (National Road 6A and National Road 5.)

 The areas of the four corners of Phnom Penh's development are similar, but slow or fast, depending on the time, and the price of real estate is also cheap compared to the fast-growing area," he said.

The government through the Phnom Penh administration is planning to develop the southern part of Phnom Penh as a green zone. The Phnom Penh Administration is currently cooperating with the Paris-Paris School to study infrastructure systems such as roads, drainage systems, flood drainage, etc. to avoid future crisis, infrastructure and future traffic flow due to the southern areas of the country. and many people will be living there  in the next five to ten years.

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