The latest date of projects in Cambodia, Chamkarmon district price ranks no.1

After experiencing explosive growth in Cambodia ’s housing prices, it has slowed significantly since 2019. In addition to the gambling economy that has affected real estate development, insufficient local demand and weak foreign investment in real estate have caused some impact on the housing market.

Cambodia economy facing more rigid challenge since the outbreak of COVID-19. GDP keep falling and that will affect real estate.

Due to COVID-19, has Cambodia's housing prices dropped significantly? What are the available options for projects? What is the bottom price of real estate for sale? Compass date base summarizes the real estate for sale in Cambodia. If you are interested in Cambodian real estate, these data must be concerned.

Up to now, there are about 101 new houses for sale on the compass house search platform, radiating the six key provinces and cities including Phnom Penh, Sihanoukvile, Kampot, Banteay Meanchey Province, Svay Rieng Province, and Koh Kong Province.

According to the distribution, 72 projects are for sale in Phnom Penh, which is most densest area in Cambodia.

Phnom Penh is the capital of Cambodia, with a vibrant political and commercial economy, and relatively early property development. Housing companies and investors prefer the Phnom Penh market. At present, Cambodia's new housing development is still dominated by Phnom Penh's urban area.

Phnom Penh is divided into 12 administrative districts, and there are currently 9 districts that have developed new housing projects. Chamkarmon has a large radiation area and the largest number of real estates. There are 31 projects for sale, followed by the New Phnom Penh Sensok District, which currently has 14 projects, Daun Penh District, Makara District and TK District are traditional cores area, but the area is not large, and the land resources that can be developed are limited. In addition, the land price is high, and there are not many new house projects. Chroy Chongva District and Meanchey District belong to the sub-core area. However, major projects such as Satellite City are under construction, and the prospects are promising.

In addition to Phnom Penh, Sihanoukvile, as the second largest city in Cambodia, enjoys a strategic location, attracts attention from industries such as trade, gaming, and tourism. Property development is also relatively early, and there are currently 25 new projects for sale. Most of the real estate in Sihanoukvile is gathered in the city center and coastal areas, and there are also a small number of new developments in the Stueng Hav.

There are still relatively few new housing projects in other provinces of Cambodia, with a small number of projects distributed in coastal areas and border provinces.

In terms of housing prices, the unit price of new houses in Cambodia is around 1500-3500 US dollars, and the project with unit prices below 1500 US dollars accounts for about 12%. the project with unit prices of 1500-2000 US dollars accounts for 30%; There are about 44 projects, accounting for about 43%. There are about 13 projects with a unit price of over US $ 3,000, all of which are high-end projects, accounting for about 12%.

From the perspective of housing prices in various provinces and cities, there are many Phnom Penh projects, the housing price range is relatively large, and there are many options .

Most of the low-cost projects in Phnom Penh is gathered in sub-core areas and suburbs, and Sen sok District has the most affordable projects. From the perspective of development potential, the housing appreciation potential in Sen sok District is promising, and the investment requirement is not high. It is suitable investment area.

The properties with a unit price of more than US $ 3000 in Phnom Penh are basically in the Chamkarmon. There are 1 project in Daun Penh nd Toul Kork District, respectively. It can be seen that the high-end projects in Phnom Penh are still within the core business area. As land prices and rental income are relatively high, housing prices are not cheap. It is worth noting that the Chamkarmon has a large number of projects, high-quality projects and low-end real estate coexist, there are also many low-cost projects to choose.

Projects in Phnom Penh

Sihanoukvile is the popular city with reasonable housing price. 70% of projects’ price are limited within $2000. Sihanoukvile is a coastal city, thus there are a great number of sea view apartment for sale. Good choice for vacation.

Projects in Sihanoukvile

In addition to Phnom Penh and Sihanoukvilet, other provinces have less project, and the prices are relatively cheap. You can buy decorated apartments within a unit price of 1,000 US dollar per square meter. The unit price of decorated villa projects in Kampot is as low as 120 US dollars, but only for Cambodian.

Project in following cities

If you are interested in the new project in Cambodia, you can search on the Compass. Any time any where, free to preview it online.