Chinese Investors are attacking real estate in Bavet

Land price and building in Bavet are skyrocketing, especially in downtown Bavet One time Chinese people came to buy land, build high-rise building for businesses like condominiums, hotels , guesthouse ,casinos, clubs, supermarkets ,And shopping malls .

Today, Chinese businesses have launched a series of Chinese-branded trademarks in the streets Historically an unexpected landmark for Svay Rieng Province. Also, national and international tourists are busy traveling in the international border of Bavet, Economic growth is noticeable.

What people are impressed with and surprised is that the trademark and the trademark of Pan-Han cross the main road between Khmer and Chinese. Named "Heng Heng City" and more specifically, before that, the province had spent the Vietnamese dong, the riel and the US dollar. But now, there is also full yuan yuan circulation Chinese shops in the area.

The city of Bavet has said that modern-day Bavaria has developed a very different development, such as the sky and the land, especially after the people China invested in investment projects, making the economy rapidly expanding.

In fact, he said, "Before the city of Bavet spread the Vietnamese dong, then the riel and the dollar because most of the goods were imported. Since Vietnam and Vietnamese come to play casinos, the flow of the country's currency is also high, Chinese investors have come to a strong upheaval in the growth of yuan circulation in China Shopping high especially in China anyway.

"The circulation of the yuan is mostly in Chinese shops and businesses, because the Chinese market is But Chinese only buy. Even though we benefit from these investments, we still lose some of the benefits of foreign currency distributions. Like this. "

Seavy governor Seang Seila said on the morning of December 4 that the progress of the city because of the presence Chinese come in many. In fact, the project of Heng Heng Satellite City, which is owned by Oknha Lom Hour on a land area of almost 10 hectares, Chinese and invested in Chinese companies. "Without China, investing or renting and buying can not work," he said.

"The value of land and real estate is mainly due to the Chinese buying and buying of Chinese only in the downtown area," he said.  Bavet, especially close to the casinos near the border, such as the casino Mopa Pai, ranging from $ 1 million to $ 3 million. USD 1 million per hectare, the land adjoining Le Mugau casino worth $ 4 million per hectare .

"For land vacancies or rice fields, there are also increases compared to previous years, if land has not been filled in 1 square meter for $ 10 to $ 20, street lane along the road for $ 30 per square meter, Along National Road # 1 cost $ 80 per square meter and adjacent land Bet 1 in Port neighborhood Baptist peppers in 1 square meter price of $ 20.

However, the activity of the plots of land plots is also in the market, starting to boom after the election of the sixth mandate and then special After the Chinese come to invest and stay in the trade and do much work here.

Souloung Soeung, a board member of Heng Hiep Company, which is developing the satellite city Heng Heng, said that the company was investing $ 1.7 billion over Approximately 2,000 hectares of land for hotels, resorts in Preah Sihanouk and Pursat provinces, and in Bavet, the company There is an area under construction 7 hectares for the construction of hotels, casinos, office buildings, apartments, shopping and Ramon and recreation clubs, etc. to contribute to the development of the city life.

Dr. Kim Heang, president of the Association of Valuers and Real Estate Agencies of Cambodia, said last week that Bavet has The development activity, as there are currently 5 special economic zones in the city, employing tens of thousands of people, especially Chinese Investment Into More and more weight in the city, making commercial activities more fulfilling.

"With current growth and investment activities, land prices have doubled compared to last year and "People living in this city are enjoying the development of this city."

Currently, foreigners who are living and investing in Svay Rieng province have about 20,000 people, including from Japan, Korea, Vietnam. , Philippines, Indonesia and China, but the management is complicated. However, the Bavet Administration is also planning to census foreigners for ease of management.

According to the governor of Bavet city, Seng Seila, "Bavet City planning to run a census for foreigners to stay in the city Eat for a week or two. " "If found a living, working and working, no card or workbook will be legalized," he said.

In the 2015-2025 industrial development policy, the Royal Government has identified three major economic poles: Sihanoukville, Bavet and Poipet It is a special economic zone and a core area for trade facilitation, transportation and attracting investment from investors in the country Neighboring and using the city It is located warehousing and commercial exchanges.