Compass Real Estate > Cambodia Real Estate Information > Editorial > Investment Real estate in Sihanoukville will continue to rally

Investment Real estate in Sihanoukville will continue to rally

2019-03-21
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Summary:Preah Sihanouk provincial administration has predicted that real estate investment in Sihanoukville will start to revive in April 2019, after stagnating shortly before the start of 2019.

Preah Sihanouk provincial administration has predicted that real estate investment in Sihanoukville will start to revive in April 2019, after stagnating shortly before the start of 2019.

Nong Dinara , head of the provincial public relations and public relations bureau, said on that more than a dozen Chinese investors had sought investment opportunities in Sihanoukville, Fleet from China to Sihanoukville.

"Chinese investors came to the latest there are a lot , but do not know the exact number of the companies, just knowing that 19 flights per day, and some of them want to come too but the airplane is already full they can`t come " he add "Chinese investors they are  came a lot before , but the new set of investors will begin to re-invest, however, the price of land is kept unchanged," he said. ".

According to a press release issued by the Royal Government of Cambodia on March 11, 2019, the rapid development in Sihanoukville is a phenomenal development of Cambodia-China partnership. Demonstrate the belief of both domestic and international partners who are highly appreciative of the Royal Government of Cambodia's ability to strengthen The rights to peaceful, stable political environment and energy environment conducive to trade and invest freely.

Preah Sihanouk Province is a coastal area with a deep-water port in the last two or three years, strongly invested by Chinese investors and turned into a developed area.

Sihanoukville is in the process of constructing large constructions, with a total of more than 3,000 square meters of construction projects with over 70 projects in more than 300 active projects, including 40 tallest buildings. A lot of the projects are growing as well. According to provincial officials report.

In 2005-2015, the province plans to build only 46 high-rise buildings, from 5 floors up to 35, while in 2018 alone plans to build five to 40-storey buildings up to 150 projects.

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