Experts claim that land prices along Veng Sreng have risen sharply

Real estate experts have claimed that the land prices along Veng Sreng in recent years have risen sharply due to the large investment in large-scale projects that make it difficult for investors to seek out buying.

General Manager of property company Amatak Property Service, Co., Ltd. Ms. Taing Hour said that currently, the price of land, as well as real estate along Veng Sreng Street is increasing. Excessive price compared to last year's growth rate is around 20-30 percent.

"The position above is potentially high because it is a multi-trading area, ranging from small businesses to industry and large-scale businesses, such as a lot of factories," she said. National 3, National Road 4 and Phnom Penh ". "The road has a lot of people crossing the border, especially in groups of people, mostly factory workers," she said.

Due to the busyness and accumulation of people, investors have turned the area into an active commercial area and have driven the price of land here to soaring to the nearby area. . The land next to Veng Sreng is a small and medium-sized business and also has a manufacturing industry. If on the way down the Veng Sreng road as a middle-class building, as well as a condominium and a hiring house for workers, this will make Veng Sreng a great potential. Mrs. Tainghour said.

She said that the price of land lying on Veng Sreng Street, from So Nguon dry zone to Phnom Penh's Stung Meanchey district, especially in Canadia, can range from $ 2,000-2700 per square meter. The price is higher than the location of Phnom Penh International Airport, which costs just over $ 1,000 per square meter.

Particularly for land located in the area off the Veng Sreng road, up to 1,000 meters or more away from the area of residential development per square meter can cost between $ 200 and $ 500.
However, she said that the price of the land was not yet full or had reached its peak. Land in the area will continue to grow further as demand for development land are available.