PHNOM PENH: With Cambodia’s progress, particularly the construction sector of all types in the downtown area of Phnom Penh as the business center of Cambodia, the demand for land use has continued to expand to the other part of the city up to 60 kilometers in the suburbs. Mr. Oknha Nuon Rithy, CEO of Khmer Appraisal Foundation (KFA), recently stated this.
Oknha Nuon Rithy, CEO of Khmer Appraisal Foundation (KFA), an investor and developer in the residential construction sector, spoke with AMS and stated that as the population grows, so do investment projects and new development projects in Phnom Penh city.
Oknha Nuon Rithy, CEO of Khmer Appraisal Foundation (KFA), an investor and developer in the residential construction sector, spoke with AMS and stated that as the population grows, so do investment projects and new development projects in Phnom Penh city.
While the Royal Government of Cambodia, led by Samdech Techo Hun Sen, has significantly reduced the budget to prevent problems, support economic growth, and promote infrastructure development throughout the country, proud results have been successful.”
“Three years ago, investment and development areas around the city were popular, about 25 to 30 kilometers from Phnom Penh, but this changed at the end of 2021, especially at the beginning of 2022, after the Covid crisis is alleviated. Vaccination across Cambodia, the demand for land for development projects will continue to expand to approximately 50 to 60 km as a new investment as well the development “He continued.
Oknha Nuon Rithy, a well-known and successful real estate expert in Cambodia, confirmed that Phnom Penh surrounding areas is going to be developed next year. The development projects in various directions, such as north and east for high and medium-density housing development projects, west and south for industrial and housing development projects in the middle and western areas. East is the high and medium-level housing development project and business center project.
