Compass Real Estate > Cambodia Real Estate Information > Toul Kork Transformed into a Commercial Area

Toul Kork Transformed into a Commercial Area

2019-03-15
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Summary:The growth of the commercial sector in Phnom Penh has not been slowed. Obviously, Toul Kork has changed rapidly in the past three years, moving from residential to a actively commercial area.

The growth of the commercial sector in Phnom Penh has not been slowed. Obviously, Toul Kork has changed rapidly in the past three years, moving from residential to a actively commercial area.

According to a study by CBRE Cambodia late last year, due to increased investment in the area, building condominiums, apartments and commercial buildings has boosted land prices in Toul Kork to increase 56 percent Last year compared with 2017.

Country Director of CBRE Cambodia, Ann Sothida said recently that the area of Tuol Kork has changed rapidly due to the increase in the development of the CBD in this area, especially the increase of investment from local and foreign investors who have transformed Toul Kork area to become a commercial center for business.

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