CVEA President claims seven provinces have active real estate transactions in 2022

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by Sotheary

Phnom Penh: President of the Cambodian Valuers And Estate Agents Association (CVEA), Mr. Chrek Soknim, confirmed that seven major provinces will have the most active real estate development this year.

He said by telephone on the evening of January 12 that the investment in Siem Reap, Kampong Speu, Kampot, Kep, Kandal, Mondulkiri and Sihanoukville provinces would be actively due to a number of key factors, including government policy, investment in infrastructure, geographical location and many other factors.

He explained, “Although Cambodia was slightly affected by the Covid-19 Omicron wave, economic activity began to improve, investors began to develop housing and people’s incomes increased significantly. “Having the support of the banking and financial sectors is a key factor in making the economy work.”

Mr. Chrek Soknim continued that the government is the first lead because the government has set a policy to push factories from Phnom Penh to many provinces. “We now see a lot of factories leaving Phnom Penh to Kampong Speu, Kandal province, especially National Road 44, connecting to National Road 51 and many other major roads,” he said.

He added that the fact that factories left Phnom Penh and chose Kampong Speu as the production base is not a coincidence, but due to the geographical factors, the supporting infrastructure, because Kampong Speu is close to Sihanoukville and has a rich infrastructure that is easy to connect.

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