GRA President Says Kep Potential Province for Real Estate Development


By: Sotheary

Kep: President of the Global Real Estate Association (GRA), Oknha Sam Sok Noeun, said that Kep is a province with opportunities to grow in real estate investment because the province has the potential for tourism and land prices are still reasonable.

Oknha Sam Sok Noeun wrote via telegram message on the morning of December 3 that Kep is like an unprocessed diamond, so if the government formulated a policy to attract Chinese investment, the province would develop very fast forward to the future.

“The price of land in this province is still reasonable, especially the beauty of the coast and the national park in the center of the city have made the province a better climate,” he said.

“Land in the central business district costs between $500 to $1,000 per square meter, land on the main roads costs between $250 and $400 and suburban areas between $80 and $100,” he said.

The government, through the Ministry of Tourism, has developed a master plan for the development of Kep province as a high-level recreation area, without allowing the establishment of factories, which leads to pollution in the province.


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