Compass Real Estate > Cambodia Real Estate Information > News > Land price along National Road 2 continue to climb

Land price along National Road 2 continue to climb

2019-01-31
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Summary:Cambodia real eatate experts claim that land price along National Road 2 still continue to rise compared to previous years due to the expansion and reconstruction of the main national road .

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Land prices along National Highway 2 have been increased by type of land and area,  the price of land increased between $ 1,000 and $ 2,000 per square meter, however So far, the land has not increased so much compared 2018.

The price of land in the area, from the 60-meter intersection, increases from US $ 100 to US $ 300 per square meter, up to the crossroads at the roundabout 20, which should be doubled. For the past two years, due to a number of factors, such as suburban residential areas, easy access to cities and make any businesses.

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And from the roundabout to  Kandal Stung district, the price of land along the road is not high, the land here is between $ 80 to $ 100 per square meter.

As for the land along National Road No. 2, there is a strong momentum when it is planned to construct the airport and the construction of the 3rd Ring Road, and the opening of the road to extend the road, this road still has economic potential. Factory and connect to Kampot and Sihanoukville, as well as to the Vietnamese border.

 The price of land here is about two to three times higher than the average land price per square meter. The price of land is increasing between US $ 100 and US $ 250 per square meter because here is a new development area. When the development is needed, the demand for land will also increase the price of land.

    The National Road No. 2 will be rebuilt as early as 2019, and it will be one of Cambodia's major economic hubs, linking to National Road 1, National Highway 3 and especially 60m And Road 20 to the city, which is easy to travel and spend less time.

 Currently, the number of land in National Roads 60 to 61 is increasing as many Chinese companies have been buying land in this area, which has resulted in a high land price increase, which last year was 1 square meter on the main road It costs $ 7, but it now rises to $ 40 to $ 50 per square meter.


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