Compass Real Estate > Cambodia Real Estate Information > News > What will the real estate prices in Phnom Penh look like when there are 8 million people?

What will the real estate prices in Phnom Penh look like when there are 8 million people?

2019-03-05
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Summary:According to the study, people living in Phnom Penh will move to condos due to a number of factors, such as traffic jams, rising land and housing prices, and improved technology that provide better quality of life.

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According to the study, people living in Phnom Penh will move to condos due to a number of factors, such as traffic jams, rising land and housing prices, and improved technology that provide better quality of life.

The Ministry of Land Management and Urban Development's study also found that city dwellers and towns would reach 8 million by 2030, and residential demand will rise to about 1 million Too.

And the population density in Phnom Penh has 1,800 inhabitants per km, while Ho Chi Minh City has 6,000 residents, 7,000 Bangkok and Rangoon with an estimated 8,000 people per km.

According to the Ministry of Land Management and Construction, 2030 will have a population of more than 8 million, or 44 percent, while housing will rise by more than 80,000.

According to the data, in 15 years (2015-2030) housing demand for urban areas and towns has about 80,000 housing units, with an average of about 50,000 housing units per year.

The ministry is also implementing the national policy on land management in planning land plots, master plans and land use plans at all levels of national housing policy in line with urbanization needs and identifying areas targeted for urban development strategies. Expand city, residential area, and especially affordable housing for Cambodian officials Armed force and moderate-income residents, low income and vulnerable people to ensure sustainable development and equity.

So, real estate prices are still improving, as the future of the city will rise to 80,000, and it may also increase property prices as a result of growing population growth.


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