Compass Real Estate > Cambodia Real Estate Information > Editorial > The real estate sector in Siem Reap is began to invest at suburbs

The real estate sector in Siem Reap is began to invest at suburbs

2019-03-28
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Summary:As early as 2019, activities of buying or investing in construction of other construction sectors have been confirmed by some investors that some investors have diverted their target to more suburban areas.


As early as 2019, activities of buying or investing in construction of other construction sectors have been confirmed by some investors that some investors have diverted their target to more suburban areas.

Director General of Goal Property Service Co., Ltd., Mr. Chao Seng Thai, said  that last year as in 2016-2017 most investors invested in the sector. Land in areas with development plans, especially in the vicinity of the new airport project, while the land price near the project is rising. And there are investors who are keen to invest in capital gains, but after a while, they seem to be quiet for a while.


He said that investment in the land sector, as well as the development of the small and medium-sized housing sector, appeared to be a bit different last year, as most of those investors turned their targets to near Siem Reap. Which led to a rise in land prices over the previous year to more than $ 500 per square meter, while the central land prices are more than double $ 2,000, while the land price per square foot is $ 3500- $ 5000 per square meter.


"Now, investors are turning their attention to the urban areas and not investing in the bigger picture as the investment is easy to sell," he said. Profit in the short term, and most developers invest in construction, hotels, guesthouses, etc. for domestic and international tourists. However, large-scale investment in land is still in the area of the new airport project in Svay Rieng province, especially Svay Thom District, located in Penang's Prasat Bakong commune.

According to a recent study by Key Real Estate, in 2018, the price of land in Siem Reap will range from $ 100 to $ 5,500 per square meter. Real estate prices in Siem Reap last year did not increase much, as Siem Reap was where developers and high-end land prices were high.


The same study said that in 2018, real estate prices in Siem Reap increased by 5% to 10% only in contrast to the province where the land was high, as it was a new development zone and a Chinese guest Much to relax.


Meanwhile, tourism in Siem Reap has also improved well, according to the final report of 2018, showing that Angkor resort welcomed 2.59 million tourists, an increase of 5.45% compared to 2018 Earning more than $ 116.64 million, an increase of 8 percent.


Mr. Seng Seap, CEO of Key Real Estate Co ,. Ltd. also confirmed that in 2019, the increase in land prices in Siem Reap will be better than last year because this year many development plans have been launched to the tourist area of the province, such as the action of the land plot trend is too strong, especially in the southeast.

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