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National Road 3 prices flat

National Road 3 prices flat

121101_02

A Map of Cambodia's National Road 3.

The sale and purchase of land along National Road 3 is increasing in volume but land prices are not increasing significantly despite the road being completed, and despite the many industrial zones along it.

Keuk Narin, vice president of Asia Real Estate Cambodia, said the buying and selling and the land prices along National Road 3 are rising, but he could not say by what percentage prices had risen.

Based on his company’s research in the second quarter of this year, land prices were $400 to $600 per square metre within a kilometre of Chaom Chao, and $300 to $400 for land located a kilometer from Chaom Chao to Kilometre 18.

Sung Bonna, chairman of the Bonna Realty Group, agreed that sales and purchases are increasing along National Road 3 after it had completed construction, but prices had not risen.

The land prices were $50 to $100 from Chaom Chao, and $20 to $50 from it to Prampi Makara Bridge.

“In general, this road has great potential because it is on the way to Kep, Kampot, Preah Sihanouk and Bokor, which are well-known tourist sites,” he said.

VMC Real Estate chairman Dith Channa agreed with Bonna, saying that land prices were $20 to $100 per square metre.

“Land prices in those areas climbed around 30 per cent if we compare to the same period in 2011 and the growth will increase in 2013,” he said.

Khat Sovann, president of Cam Top Property Group, said that because of the high demand for sale, purchase and construct factories, the demand for the land was increasing 10 to 20 per cent, but the prices are steady.

To contact the reporter on this story: Siv Meng at [email protected]

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