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Real estate prices in Chrey Thom climbed above expectations

2019-03-29
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Summary:In the last four years, the real estate price, as well as the land area of the Cambodia-Vietnam border, has been estimated by experts to have surged over unexpectedly that the growth rate has risen to about 300 percent. As the information of the project's development and master plan in this area is completed.


In the last four years, the real estate price, as well as the land area of the  Cambodia-Vietnam border, has been estimated by experts to have surged over unexpectedly that the growth rate has risen to about 300 percent. As the information of the project's development and master plan in this area is completed.


Director of KAT APPRAILSAL, Mrs. Chiev Sokhun, said that the real estate market in Chrey Thom, especially near border gates, is priceless, and the infrastructure is growing and developing. Notably. She said that the land on the main road (Street 21) is almost four times as high as it was four years ago, the area of the area is only $ 100 per square meter But for 2019, the same location is priced from $ 400 to $ 500 per square meter.

Particularly for land on the street or on the street four years ago costs just $ 10 But now, the same land prices range from $ 60 to $ 70 per square meter, and for a previous $ 5 per square meter price four to five years ago, now sells between 40- $ 50 per square meter.

Mrs. Chavov Khun further argued that the reason for the price of property in the area was strong because of the rapid growth of the corridor area, which, besides the gateway and transport of goods between Cambodia and Vietnam, was also a major economic zone It is also important to be mobilized by both national and international investors. In particular, the Chinese and Malaysian mainly invest in construction, hotels, guesthouses, casinos, resorts, cafes and shops, and also factory investment.

Besides, this area is also favorable for doing business, Particularly from the transportation because from the pier to Phnom Penh, more than 50 kilometers closer than Bavet, which is in Svay Rieng province, and the transport route is also wide, this is a point which encourages the current of Land prices are rising.

However, the real estate expert of Cambodia said that the price has not yet reached to the top level as long as regional development projects still value the real estate sector continues to increase or can be pricey Similar to the Bavet international border checkpoint can also be in the future.

Vice Chairman of the Cambodian Real Estate Real Estate Association, Yin Leang Kong, recently visited the site, said that development activities were starting to be strong at this international gateway, especially the increase in investment. Chinese people by China have captured five areas in Cambodia for development such as Sihanoukville, Poipet City, Bavet  and such as Chrey Toum regions.


"The currents and development activities in the area have just begun, but the price of land has risen above this expectation, and it can also be a deterrent to development," he said. "However, I am still optimistic about this area as it is an international gateway with good infrastructure, especially in connection with Phnom Penh," he said.

Disclaimer: The re-forward articles on Compass website are for the purpose of conveying more information, and it does not mean that the Compass website agrees with its views or confirms the authenticity of its content. Article noted as "Source: Compass original", please note that the source from Compass. The content of the article is for reference only and should not consider as investment advice, and it does not mean that Compass agree with its views.

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