According to Cambodia media reports, three outstanding candidate provinces in Cambodia will receive the ASEAN Clean Tourism City Award in January 2020 in Brunei Ribaga Bay City. The three cities include Daun Penh District in Phnom Penh, Kampot Town (Kampot Province), and Ta khmao(Kandal Province).
Three cities are famous for scenic spots which loved by tourists. Royal Palace, Central Market, Wat Phnom, Old Market are the must-visit place for tourist. Dragon boat competition was held in Kandal on November. Sea festival was held in Kampot which attract hundred thousand tourist there, which bring the city more chances. Tourism industry enhances the development of infrastructure, and the development of real estate. Land price are increasing by the reason, let us have a look of the real estate price and investment market.
Real estate market of Daun Penh District in Phnom Penh
From 2010-2016, the land in Phnom Penh keep soaring. Daun Penh is most valuable district. According to the 2019 land date reported that Daun Penh district is most valuable area, as for land price and housing price. Daun Penh’s land is the most expensive land in Cambodia. Main road’s average price is around 7875 dollars, sub road’s average price is around 4313 dollars.
According to Compass real estate date analysis, housing average price in Daun Penh reach to 2866 dollars. The most expensive area in Phnom Penh. Daun Penh district is most advanced district with well-equipped facility included medical and education, etc. With the development of urbanization, the property in Daun Penh district become more rare, more suitable for investment.
Investment advantages
Both housing price and rental increase stable.
Investment disadvantages
Requires high quality investor
Suggestion:
In order to meet the high taste of the tenants, it is recommended to choose high-end apartments with well-designed and branded appliances. The best facilities in the project are well equipped, such as gyms and swimming pools. In addition, in addition to supermarkets and hospitals, it is best to have a market to meet the diverse needs of tenants.
2.Kampot property and investment market
It is known that since 2018, land prices in Kampot Province have begun to rise, and land prices in Kampot Province have risen from tens of dollars per square meter to more than 1,000 dollars. To 500 to 1,000 US dollars per square meter, which is dozens of times ten years ago.
In particular, the price of land in the core area has been soaring. The price of land within 250 meters from Kampot Durian Roundabout has risen to US $ 1,000 to US $ 1,500 per square meter. Real estate prices in riverside and French old towns range from US $ 1500 to US $ 1 per square meter. Between $ 2500.
In recent years, with the continuous improvement of the ability of Kampot Province to receive domestic and foreign tourists, the development prospects of Kampot Province are promising by many developers and investors. .
Investment advantages
The environment is beautiful and suitable for living; housing prices and total prices are relatively cheap, and the potential for future appreciation is promising.
Investment disadvantages
Investment suggestion
The air in the province is fresh and it is a summer resort. It is suitable for the elderly to live there.
3. Kandal property and investment market
The land market in Kandal province is stable. According to the Compass Data Research Center, the average land price in Kandal province is 194 US dollars per square meter. The boarding area is a hot-selling area in the land market of Kandal Province, and the land price is more than 150 US dollars per square meter。
Currently, Kandal province will 1.5 billions dollars to build an international airport in Ta khmao and Kandal Stueng. With the help of airport, the urbanization process will enhanced. There are several projects under construction. Kandal property market will soar soon.
Investment advantages
Natural resource suitable for vacation, the price is reasonable. Potential property.
Investment disadvantages
In compete facility, rent rate influenced by seasons. Vacancy rate quite high in part of seasons.
Investment suggestions:
Villa may get higher rate to rent it out. Investor could observe first.
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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