Compass Real Estate > Cambodia Real Estate Information > Real estate investors have turned to Kandal province

Real estate investors have turned to Kandal province

2020-05-30
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Summary:The real estate development market with Phnom Penh as the core will gradually expand to the surrounding areas, and Kandal Province, which is close to Phnom Penh, will first usher in favorable development.

On the morning of the 28th, a press conference on the progress and development direction of Kandal Province was held.

Mao Phirun , governor of Kandal province, said that the new airport is currently under construction and many landowners are concentrating on investing in real estate in the new Phnom Penh International Airport in Kandal province.

It is still unknown whether Kangla Province will become a new hot spot for real estate investment, but the real estate development market with Phnom Penh as the core will gradually expand to the surrounding areas.

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Kandal Province and Phnom Penh are connected seamlessly and are the only entrance that the capital Phnom Penh must go out of the city. Kandal Province, which has a geographical advantage, can enjoy the development dividend brought by the expansion of the capital earlier, and the development advantages are obvious. Currently, Kandal Province is one of the richest provinces in Cambodia.

During the pandemic period when inter-provincial mobility is prohibited, the round trip between Phnom Penh and Kandal is still not subject to traffic control, and people can move freely. It can be seen that Kandal is closely linked to Phnom Penh's economic activities. Civil servants, workers and ordinary people are in the two provinces and cities. There is a lot of work and business activities between in two provinces, and the market is active.

Therefore, there is a certain target customer for the development of real estate in Kandal Province. The local people and some people in Phnom Penh may choose Kandal Province real estate project with higher cost performance.

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The new airport in Kandal Province diverts the capital Phnom Penh, and the increase in the flow of people will bring more opportunities for local trade, tourism and commerce.

A press conference on the 28th revealed that the new airport project has further promoted the development of Kandal Province, the surrounding land investment potential has increased, and has attracted many real estate professionals. Investments in the real estate industry include hotels, residences, and other large-scale projects that make land in the area more expensive and provide a better life for locals.

Cambodia's real estate development is in a period of development. After more and more locals begin to join the investor group, real estate projects have changed the development direction, and the proportion of low-end and high-end products has expanded. These economic projects tend to choose potential areas, land prices are relatively cheap, and the real estate audience is more accurate.

Kandal Province has a geographical advantage and pays close attention to the Phnom Penh expansion dividend. The local land market and real estate market may usher in new development. The Kandal and Stueng TaKhmao districts close to the airport are popular area in the province, and investors need to seize the opportunity.

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Disclaimer: The re-forward articles on Compass website are for the purpose of conveying more information, and it does not mean that the Compass website agrees with its views or confirms the authenticity of its content. Article noted as "Source: Compass original", please note that the source from Compass. The content of the article is for reference only and should not consider as investment advice, and it does not mean that Compass agree with its views.

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