Oknha Sam Sok Noeun, President of the Global Real Estate Association (GRA), recently stated with AMS that the price of land near Phnom Penh on major national roads, such as National Road 4, 50 meters from Phnom Penh, National Road No. 1, No. 2, No. 3, No. 5, and No. 6, is not less than $ 100 per square meter.

Oknha says that while the price of land on the inner road or next to a smaller road is not very high, it still has the same potential and demand in the future as Phnom Penh’s development spreads to the suburbs.

Mr. Dith Channa, CEO of Lucky Real Estate, also stated that despite the Covid-19 crisis, the land surrounding Phnom Penh still has potential and will become more valuable and high in line with the Royal Government’s plan to expand Phnom Penh’s area.

He stated that the area surrounding Phnom Penh is appealing and promising, but that development will vary depending on people’s proclivity to move to any location.

Ms. An Sothyta, General Director of PropNex Cambodia Real Estate Company, stated that the southern region has the most housing development due to the area’s extensive infrastructure development, including shopping malls and ring road construction, and the Techo International Airport project.

She believes that land prices near the city will not rise in the next few years because they are already high, but they will increase further in the future. For land that deviates slightly from Phnom Penh, jumps will be possible sooner.

The post Experts: Land prices within 50 km of the city will skyrocket first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

• Somehow, real estate, housing, and agriculture are unaffected at present because they are still in high demand.

• So, investors must be well-versed in the market and the type of

• When the economy is in turmoil, real estate makes it apparent what they should invest in, what possibilities they should take, and what they should avoid.

PHNOM PENH: Cambodia’s current economic condition is still unknown, posing a risk to those who have no prior experience investing in this industry. As a result, investors should conduct research before beginning to engage in real estate.

In a special interview with PropertyArea.com last week, An Sothyta, CEO of PropNex Cambodia, noted that while some aspects of the company in Cambodia are performing well, others are still gaining. Minor effects, such as those in the office and manufacturing industries, are also less affected.

She said. “There is more or less of an influence on retail supply marketplaces such as shopping malls that supply food, apparel, and entertainment venues, with some being able to place orders online rather than go to the mall,” she said.

Ms. An Sothytap went on to say that real estate, housing, and agriculture are unaffected at present because they are still in high demand.

She did note, however, that the real estate sector is a high-risk sector that also requires a lot of investment compared to other sectors, so investors must be well-versed in the market and the type. When the economy is in turmoil, real estate makes it apparent what they should invest in, what possibilities they should take, and what they should avoid.

If the investor has sufficient cash and excellent financials and recognizes that the property is a truly exceptional investment opportunity, he should seize the opportunity, especially if he consults with specialists prior to investing.

Ms. An Sithida continued that investors should be mindful of government growth, such as infrastructure development, and how infrastructure development will affect real estate development, such as former farmland. It can also be converted into residential industrial land, and residential land can be converted into commercial land, so investors should be prepared to adapt.

The post Expert Given the current economic climate real estate investors should reconsider their strategies first appeared on Estatedia | Economy & Real Estate Media in Cambodia.