In Phnom Penh, the proportion of foreigners is 20%, foreign
investment rate is high, and internationalization is high. With the rapid development of the Cambodian economy, Phnom Penh has
also become the gold land of investors.
In the real estate industry, often the building has not moved the land first, today Xiao Nan will take you to explore the value of Phnom Penh’s land, and their return rate on investment may beyond your imagination.
According to the latest land report in Phnom Penh in the first half year of 2018, the city's Daun penh District, Makara District and Sang Park have the most expensive land in the Cambodian capital.
NO.1 Daun Penh
The data shows that the Daun Penh District has the most expensive land
in Cambodia, with an average selling price of $3,500/m2 for residential land
and $6,100/m2 for commercial land.
The districts in the Daun Penh District, Phsar Thmey 1, 2 and 3, have the most expensive commercial land, averaging $9,000 per square meter. For residential land, the highest price of Sangkat Phsar Chas is over $4,000/m2.
Why is the Daun PenhDistrict able to win the top spot and win the king of land prices in Phnom Penh? The most important reason is that it is the core area of Phnom Penh's oldest brand. There are popular tourist destinations such as the Grand Palace and the tourists who have increased year by year have played a role in fueling the situation.
No.2 Prampi Meakkakra
The Makara district is another commercial center in Phnom Penh and
has the second most expensive land in Phnom Penh. Residential land in the area is priced at $3,300 per square meter
and commercial land is priced at $5,400 per square meter.
The Orrusey 1, 2, 3 and 4 in the Makara district have the most expensive commercial land (up to $6,000/m2), while the Sangkat Boeung Prolit sub district has the most expensive residential land, with an average price close to $4,000/m2.
The reason why the land price in the Makakara area is expensive is that it is the administrative center of Phnom Penh, and the famous National Olympic Stadium is also located here. At the same time, a long time ago, the district was home to many citizens of Chinese descent, and even known as Chinatown. This distribution continues to this day.
NO.3 chamkar Mon
Sang Park ranked third, with average residential
and commercial land prices in the area of $3,000/m2 and $5,100/m2, respectively.
Sang Park can be said to be one of the most essential and core areas of Phnom Penh. The BKK1 area that has to be mentioned in Phnom Penh is the subordinate division of Sang Park. It is also considered to be the most popular gold residence in Cambodia.
The BKK1 area is considered to be a high-priced area in Phnom Penh. It is also known as the embassy district. More than a dozen embassies in Cambodia are gathered here. A large number of NGOs (non-governmental organizations), expatriates, and enterprises are also working here. The must-see destination for travelers who travel to Phnom Penh, the land price of the huge demand for housing is rising.
Conclusion: In summary, although the housing prices in the three districts of Phnom Penh seem high, but Cambodia is the strategic geographic core of the 10 ASEAN countries, Phnom Penh is still one of the cheapest land prices, the average selling price of residential and commercial land is only 1,300 US dollars / Square meters and 2,400 US dollars / square meter, far lower than the Ho Chi Minh City of Vietnam across the soil.
With the entry of foreign capital and the increase of projects, the land in good position will only be less and less, and the tourist attractions, commercial houses and factory construction will gradually increase, which will bring the added value of the surrounding land. We can also see on the data that the land resources near Phnom Penh have become less and less.