Today, the money to buy land is superb because it's a great way to build wealth quickly and big property too. In fact, the land sector in Cambodia is still limited because it is a relatively recent development sector; very few people know very well about buying or selling and the level of awareness is also the same, there is not much expertise or comprehensive schooling available for proper education.
Because of the shortage of land investment, that leaves many buyers losing money or risking their land location. Obviously buying land, one has to look at the location especially examine the potential of the region and its construction projects. But some land purchases at wrong location turned out to be fault; buying from the context, which is why the land has become stagnant, cannot be sold.
Also, real estate expert Chreuk Soknim also commented on the issue of land acquisition, he indicated that those who want to buy land for profit ; investors should look to the suburbs not to buy near or in the city center because the land is in the midst of it, and its cities, it is of great price and is near to the top. Therefore, new investors may find it difficult to move in, especially when it comes to land acquisition and may be at greater risk compared to those who are stationed.
Also, most urban land has a vision of developing projects that are mainly unfavorable to those who buy land for profit. Therefore, buyer who purchase land in big cities are no longer buying and selling for profit, but for developing areas.
For those who want to buy land for profit, they should look for low-cost land and high development opportunities, so that the suburbs have a greater chance of further development in the future. In addition, suburban land is highly viable and has a long-term vision. Land in the suburbs of city or suburbs of province is the key to starting a successful sale for profit. Therefore, those who are planning to buy land should carefully consider buying to avoid other risks, as land acquisition is a big start - one success step and one failure. If we are confused, there is no knowledge; your money will be lost without any advantage.(This news came from Business-Cambodia.com)
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