By Sophary
Phnom Penh: Investment in the land sector is still influential and profitable, and investment in the suburbs will pay off sooner than investing in land near the city or city center.
A study by an international real estate company in Cambodia shows that investing in three areas will yield a return of 20 percent per year.
The study showed that the three areas, including Prek Pnov, Kamboul and some areas of Dangkor, because these areas seem to have the highest activity of land transactions and the rate of increase in land prices is also good.
Another factor that drives the price of land in those areas is that the government’s plan to expand Phnom Penh has also started gradually and can increase the price in that area.
Cambodian real estate experts also highlight the potential of the land sector in these three areas such the third city ring project, which runs through the three districts of Phnom Penh.
In addition, there are some other projects that will pass the potential to the land sector. There are a win-win monument and Techo national stadium in Khan Prek Pnov, Khan Kamboul also has a ring road project and many housing projects. In Dangkor district, there are also many large projects as well.
Mr. Chrek Soknim, President of Cambodian Valuers and Estate Agents Association, said that land investment still has a chance to get a return on investment, but also to look at the potential of the area where they will invest. Investor can invest for some time but can be very profitable.
