Comprehensive survey maps the lay of land prices in Phnom Penh
A report on land prices in Phnom Penh that claims to be the first of its kind has canvassed a large number of correspondents to comprehensively gauge property values in the city’s various districts and communes. Released on March 3, Land Price 2014, which was produced by VTRUST Property, is the result of a survey of 660 correspondents in Phnom Penh’s nine districts and 96 communes. Chit Uys Stevexo, CEO of VTRUST Appraisal, said that the findings of the study should be helpful for property evaluators in appraising land prices clearly and transparently. The survey found the average price of land in Phnom Penh to be $1,140 per square metre, with wide fluctuations depending on the precise location. The lowest per-square-metre price for land was just $10 in parts of economically undeveloped Sen Sok district. Unsurprisingly, fashionable BKK1 commanded the highest prices, reaching as high as $5,900 per square metre. …
Sum Manet
http://www.phnompenhpost.com/real-estate/comprehensive-survey-maps-lay-land-prices-phnom-penh
