Russian Boulevard land prices rising
The west end of Street 110, also known as Russian Boulevard, is attracting increasing interest from investors and retailers because of its vital role connecting Phnom Penh International Airport with the city centre.
Local real estate experts estimate that land prices along the thoroughfare have risen between 10 and 20 per cent compared with 2012.
VMC Real Estate Cambodia general manager Dith Channa said property along Russian Boulevard has high potential, particularly because of the higher-income local and international traffic channeled through the street. New car showrooms, hotels, supermarkets and large-scale projects such as the $1.1 billion Booyoung Town development have all contributed to the increase in land prices along the street, he said. …
Land prices from Canadia Bank Tower to the 7 Makara Skybridge are currently running from $1,200 to $900 per square metre. From the 7 Makara Skybridge to the intersection with Hanoi Road, prices vary from $900 to $700. Further west between Hanoi Road and Chom Chav, prices are as low as from $600 to $300. …
Post Staff
http://www.phnompenhpost.com/real-estate/russian-boulevard-land-prices-rising
