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Agri-boom boosts Battambang city property

Agri-boom boosts Battambang city property

Along with the constant growth in the agricultural sector in Battambang province, the property sector in Battambang city has begun to see an increase in value.

Battambang’s property sector is seeing a strong growth in real estate, as many hotels and guesthouses are being erected with the continuous growth of tourism and agriculture, said Chrek Soknim, CEO of Century21 VTrust.

“Battambang’s economy has seen an increase because of people’s increasing income, the tourism sector and the ever-growing agricultural sector, which plays a vital role in the province,” he said.

The situation with Battambang’s property sector has seemingly changed this year with agriculture being the main factor boosting the property sector, said Po Eavkong, managing director of Asia Real Estate Cambodia.

Key Real Estate map of showing Battambang city real estate prices in.
Key Real Estate map of showing Battambang city real estate prices in. Photo supplied

With Phnom Penh having the number one spot in the property sector, followed by Siem Reap in second place and Sihanoukville in third place, Battambang is the fourth city with the largest growing property sector, followed by Kampong Cham, he added.

A study conducted by Key Real Estate on land prices in Battambang divided the city into nine zones. The following prices are based per square metre.

• Zone A, which consists of the city centre along National Roads 1, 2 and 3, Phsar Nath market, Boeung Chhok market has prices ranging from $1,200 to $2,000 on the main road and from $600 to $1,600 on the sub-roads.

• Zone B, from the Ta Dambang Kronhong roundabout to Stueng Sang Kae River, has prices ranging from $300 to $700 along the main road and from $200 to $400 on the sub-roads.

• Zone C, which includes Phsar Ler market, has land prices ranging from $250 to $700 along the main road and from $120 to $500 on the sub-roads.

• Zone D, in the north of town along National Road 5, near the provincial hospital, has land prices ranging from $1,000 to $1,800 on the main road and from $60 to $400 on the sub-roads.

• Zone E, around Phsar Thmey has land prices along the main roads ranging from $700 to $1,200 and from $200 to $1,000 on the sub-roads.

• Zone F, from Neth Yong High School to the southern area of Phsar Thmey market, has land prices ranging from $60 to $170 along the main road and from $30 to $100 on the sub-roads.

• Zone G, on the outskirts of town, along Road 154, has land prices ranging from $110 to $600 on the main road and from $30 to $150 on the sub-roads.

• Zone H, near Battambang Airport, land prices along the main roads ranged from $300 to $1,200 and from $80 to $250 on the sub-roads.

• Zone I, northwest of Pras Noreay roundabout, has prices ranging from $350 to $600 on the main road and from $30 to $170 on the sub-roads.

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