Land prices in Phnom Penh increase by 15 per cent in first quarter

The more Cambodia’s economy grows and the more investors come into Cambodia has had some positive and negative effects, and one of those effects is to push up land prices in Phnom Penh for the first quarter in 2013, an increase of 15 per cent.

Sorn Seap, the general manager at KEY Real Estate Co, Ltd, has studied land prices in four districts in Phnom Penh during the first quarter of the year. He says KEY Real Estate Co, Ltd conducted the study on land prices in four of nine districts in Phnom Penh, such as Chamkar Mon, Daun Penh, 7 Makara and Toul Kork. ...

His company’s report showed that in the first quarter of 2013, the average land price per square metre was US$2,350, while in the same period last year it was US$2,050.

Meanwhile, land in areas that was valued at between US$1,000 and US$1,600 is now worth from US$1,100 to US$1,700, and the price of land along some of the main roads which was between US$2,100 and US$3,300 in the first quarter of the year have increased to between US$2,400 and US$4,000. ...

Land prices in Beoung Keng Kang 1 located along four main streets were previously valued at from US$3,000 to US$5,000 and have increased by between US$3,000 and US$6,000 per square metre. Along the smaller streets land is now worth from US$1,500 to US$3,500 per square metre. ...

http://www.phnompenhpost.com/real-estate/land-prices-phnom-penh-increase-15-cent-first-quarter