Compass Real Estate > Cambodia Real Estate Information > Koh Norrea Territory in Chbar Ampov District will become a new satellite city

Koh Norrea Territory in Chbar Ampov District will become a new satellite city

2019-02-11
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Summary:The senior management of OCIC claims that the company will actually build a new satellite city project along the river, crossing the island of Na Ra to Kien Svay district in Kandal province.

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The senior management of OCIC claims that the company will actually build a new satellite city project along the river, crossing the island of Na Ra to Kien Svay district in Kandal province.

Currently, the company is drafting a legal procedure to request the Royal Government of the project.
The project is definitely going to happen on the size of the new city of over 100 hectares. The project will be developed like Koh Pich nowadays. The new satellite city will be along the river bank, from the Nam Oak area along the Tonle Sap to Kien Svay district, Kandal province.
In this era of technological advancement, building in the city on the riverside has nothing impossible, even the mountain can be pierced to make its way for build the way.

 Building such a new city is normal and building a new city will help make Cambodia's construction and real estate more confident. Building such satellite cities will contribute to better socio-economic development, especially Phnom Penh will be more vibrant and civilized.
Currently, many real estate development projects have been built in the geographical district of Chbar Ampov. Land prices have increased markedly, especially after National Road No. 1 has been rebuilt and redefined, while 10 to 20 years ago, the area was uninterested and the land price was almost $ 1. In 1 square meter, but now it has risen to nearly $ 1,000 or more in 1 square meter.

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