Compass Real Estate > Cambodia Real Estate Information > News > Property experts suggest that when land prices rise, buy today for sale tomorrow !!

Property experts suggest that when land prices rise, buy today for sale tomorrow !!

2019-12-24
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Summary:The real estate industry is booming in Cambodia, for example, the presence of many skyscrapers in Phnom Penh

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The real estate industry is booming in Cambodia, for example, the presence of many skyscrapers in Phnom Penh,When the real estate industry is booming,number of investors have gain,promote real estate prices as an opportunity to profit from real estate transactions.

In particular, land prices have also risen sharply, with some areas doubling and others increasing three or four times as well, with some districts in Phnom Penh having significant increases.

According to Dr. Kim Heang, who is the President of the Cambodian Valuers and Real Estate Agencies Association, when land prices are rising, this is the time to buy today and selling tomorrow is profitable.

He emphasized that now is not the time to sell land and sell immediately, It takes time because buying a good location is sure to increase and there is a great need for higher prices.

Of course, property owners who are well located in the developing world are sure to increase prices .Therefore, if we buy real estate there, it will be highly profitable as the location is needed for the development and investment of big projects.

It should be mentioned that if you want to buy land for sale for the next three years, you should buy in Toul Kork and Phnom Penh Thmey, but if you want to buy land 7 to 10 km from the city, it took seven years to wait for.

If you buy about 30 kilometers from the city, they can make a profit in the next 10 years.(This news came from Business-Cambodia.com)

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