Siem Reap sees property gains fuelled by tourism, economic integration
Siem Reap city land prices have continued to increase year-on-year since 2008, despite the impact of the global economic crisis elsewhere. Sorn Seap, general manager of KEY Real Estate, said that land prices in Siem Reap city in early 2014 saw an increase of 15 per cent compared with the first half of 2013, and the average price of land was now around $1,010 per square metre. But he also noted that while land prices were increasing in the city, they were stable on the outskirts of Siem Reap. … In Zone A, which includes the Pub Street area along the main road, land is priced at between $2,300 and $4,000 per square metre, and at $1,200 to $1,700 per square metre on the sub-roads. In Zone B, which extends from the Central Market to National Road 6, prices on the main road range from $1,500 to $2,300 and from $500 and $1,000 per square metre on the sub-roads. … The number of foreign tourists coming to Cambodia grew to around 4.2 million in 2013 compared to around 3.5 million in 2012, an increase of 17.5 per cent. …
