The Sihanoukville option
As property prices in Phnom Penh and Siem Reap continue to push upwards, many investors are quickly being priced out of these first-tier markets. Looking at second-tier cities around the Kingdom, Sihanoukville in particular stands out as an investment destination worth serious consideration. Named after the King Father and home to the Kingdom’s only deep-water port, Sihanoukville is the capital of the province of the same name and is home to a fast-growing population of nearly 300,000. … Non-industrial land in and around Sihanoukville is also much more affordable than in Phnom Penh. Land prices for businesses near the beach in Sangkat 4 are currently running between $400 and $450 per square metre, whereas residential properties further off the beach are selling for $50 to $70 per square metre. For foreigners seeking to have full ownership of a condominium in Sihanoukville with strata title, new developments are beginning to come online in Sangkats 2, 3 and 4, with small units priced between $35,000 and $50,000. …
Chris Horton
http://www.phnompenhpost.com/real-estate/sihanoukville-option
