Used to be a remote area, how is Phnom Prasidh now?

The Phnom Prasidh area north of Phnom Penh is developing rapidly with rising land prices due to government and development plans. The private sectors have focused in this area.

Yin Leang Kong, Global Real Estate Association adviser, said on the afternoon of November 16 that due to the development of infrastructure, demographic growth and the emergence of information from the 4th Ring Road project have led to rapid growth in the area and land prices are rising as well.

“Due to its proximity to Phnom Penh, many Borey developers move to this area because of the land in this area. Although the price has gone up, it is still at a reasonable price,” he said. “In the near future, this area may be cut into the administrative area of   Phnom Penh, which is the vision of the government to expand development,” he continued. 

Leang Kong continued that at the same time, the Phnom Penh Capital Administration also organized Phnom Prasidh and Phnom Reap as green tourism areas to provide income to the local people as well as to promote more rich tourist areas in the suburbs.

Meanwhile, Oknha Dr. Kim Heang, President of KW Cambodia, once said that land investment should be done in the area around Phnom Penh, a distance of between 20 to 30 kilometers. Because it is an area that is vulnerable to the influence of the center of the capital, especially with good infrastructure, a large population and easy access to the city.

In fact, Phnom Prasidh, if you travel from Phnom Penh administration, it only takes about 5 minutes. This area has natural resorts such as North Phnom Prasidh, South Phnom Prasidh, Phnom Reap area with beautiful temples built at the beginning of the 21st century and there is a vibrant design that will become a national heritage in the future.

Author/Nea

Compass Original