Potential of coastal provinces make real estate booming

Compared to neighboring countries, Cambodia's coastline, which is full of attractive beaches in these four provinces, is 440 km long, including a large area that has not yet been urbanized as a place for people. Local people can make a living by relying on the resources along the coast. The real estate sector, on the other hand, is undergoing continuous development, in line with the Royal Government of Cambodia's master plan.

1)    Sihanoukville will be even more attractive for tourists and investors.  Because the Royal Government of Cambodia has been continuing to develop infrastructure with a clear development plan to turn this coastal province into a pole of economy, trade, investment and tourism, these will make more attractive.

HE Kouch Chamroeun, Governor of Preah Sihanouk Province, claimed that in the last three weeks, Preah Sihanouk Province has received a significant increase in the number of domestic tourists visiting. The current increase in local visitors is in line with the Royal Government, especially the National Coastal Development Commission, together with the Sihanoukville Provincial Administration, to promote the preparation of beaches to have a farther and wider public beach space.

He added that with the development of this province, the provincial government is working to develop more than 30 roads in the province to attract national and international tourists as well as foreign investors to invest more due to the construction. 34 roads offer additional potential for easy connection from one beach to another.

According to H.E. Kouch Chamroeun, from 1994 until now, Sihanoukville has 20 companies have invested in island and coastal development projects on a total area of 11,637 hectares with an investment capital of nearly 4,000 million dollars.

(Source: Internet)

2. Kampot Province: Named the second coastal province after Sihanoukville with its favorable geographical location, natural resources, coastal area, river and the right policies of the government and provincial governor of Kampot province has developed rapidly in recent years. 

In the history of hundreds of years, Kampot province has never had a skyscraper, but now Thai Bunrong has been building a 42-storey international commercial building with an investment of about $ 95 million and has begun construction which presence of this business center will contribute to the development of the city more potential. The presence of this building will change the beauty of Kampot and stimulate and attract more foreign and international investors to this province.

Chiv Tay, Kampot Provincial Governor has said that the Cambodian real estate market in recent years has shown strong growth in local real estate sources and is a fast-growing country where the construction and services industries remain the main drivers. As for tourism, with the favorable nature of the coastal area, especially Phnom Bokor, stream, delicious durian and many other agricultural products, especially salt fields, which can attract tourists to visit Kampot province, have not used up all resources and its potential too.

Looking at the real estate sector, in addition to the presence of skyscrapers, Kampot province also attracts many large development projects, especially investment in leisure resorts, such as projects along Kampong Bay lake, beach expansion and Kampot Thansur project.

With the increase of real estate investment and the expansion of the government's infrastructure, especially at the completion of the construction of National Road 3 will make Kampot become a magnet for more and more international investors.

3. Kep Province: Currently, there are 5 tourist sites in Kep Province are attracting tourists to visit because there are beautiful beaches with the most attractive natural scenery under the care and further development by the Department of Tourism and Provincial Administration. Currently, there are many tourist attractions in Kep province, including beach resorts, natural areas and privately-invested processing areas, but among them, there are five very attractive tourist attractions.

The Kep provincial administration is developing several other major tourist sites, along with the construction of infrastructure to access the area to make it easier for visitors to visit.

As for the real estate sector, Kep is gaining popularity among investors, especially Chinese investors, who are pushing up land and property prices. With the government's plans to develop infrastructure in the provinces, such as the official expansion of the natural environment and port projects in neighboring provinces such as Kampot, more tourists will come to these two provinces in the near future.

The increase in tourists in Kep will boost many other housing development projects in the province, such as hotels, resorts and guesthouses, and ultimately higher general property prices.

4. Koh Kong Province, one of the four coastal provinces, recently seems to be booming for a number of large-scale investment projects, which is why property prices in the province are starting to rise along National Road No. 10 is in the construction phase. Investors expect land prices to double when the government inaugurates National Road 10 from Battambang to Koh Kong.

The land-buying movement in Cambodia's southwestern coastal province is gaining momentum. The factors that are driving the real estate sector to grow now depends on the population, and most have jobs and occupations, especially road infrastructure development projects, as well as large investment projects from local and foreign companies to this coastal area in the greater amount.

Four coastal provinces, including Sihanoukville, Kampot, Koh Kong and Kep, have been recognized as land prices soaring. Koh Kong province also expects land prices to rise sharply in the near future.

Editor/Nea

Compass Original