Property Prices on the Rise in Phnom Penh
Preliminary results of a new survey show a steady rise in the price of land in Phnom Penh since the country’s property boom in 2008 and spectacular bust in 2009. The initial findings of the survey by VTRUST Property Co. Ltd. examine land prices during the fourth quarter of this year in Phnom Penh’s three Boeng Keng Kang communes in Chamkar Mon district. According to the survey, asking prices ranged between $1,000 per square meter and $5,800 per square meter in the most sought-after areas In Boeng Keng Kang I commune, the average price of land was on sale for $3,300 per square meter, with a minimum price of $1,300 per square meter and a maximum of $5,800. In Boeng Keng Kang II, the average was $2,100. The minimum was $1,000 and the maximum was $3,800. In Boeng Keng Kang III, the average was $2,000. The minimum was $1,100 and the maximum was $2,600. …
Joshua Wilwohl
http://www.cambodiadaily.com/business/property-prices-on-the-rise-in-phnom-penh-49622/
