Logo of Phnom Penh Post newspaper Phnom Penh Post - Land prices on the rise in capital’s Dangkor

Land prices on the rise in capital’s Dangkor

Content image - Phnom Penh Post
Apartments under construction at a project site located in Dangkor district, Phnom Penh, on Wednesday. Hin Pisei

Land prices on the rise in capital’s Dangkor

Land prices in Phnom Penh’s Dangkor district rose 35 percent from 2012 to last year due to the increasing number of development projects, enhanced infrastructure and geographical location, according to a report by Vtrust Appraisal, a property valuation company.

Vtrust Appraisal’s research report on the first-quarter of this year found that land located in the vicinity of Street 217, the main street in Dangkor, is currently priced between $400 and $800 per square metre, while land located relatively far from the street is priced as low as $10.

The most populous areas in the district are adjacent to Sangkat Steung Meanchey and Boeung Tumpun in Meanchey district.

Vtrust Appraisal’s director of research, Hoem Seiha, said the rapid growth of Phnom Penh’s central area is now spreading into many areas in Dangkor district, and that the fast-developing communes in the district include Dangkor, Prey Sar, and Choeung Ek.

Dangkor district has become a major residential area in Phnom Penh, with many development companies flocking there to construct houses and apartments.

Dith Channa, CEO of Lucky Realty Co Ltd, said Dangkor district is a collection of houses and factories, with housing projects proliferating. Many existing landowners are also dividing their land into smaller lots to accommodate the low-income housing market.

According to the report, as of the end of last year, Dangkor was the third-highest district in terms of the number of residential buildings in the capital, after Por Sen Chey and Sen Sok, with a total of 17,664 units.

It forecasts that another 3,000 residential units will be built in Dangkor this year.

MOST VIEWED

  • Breaking: US House passes 'Cambodia Democracy Act'

    The US House of Representatives in Washington, DC, on Monday, passed the “HR 526 Cambodia Democracy Act”, also known as the Cambodia Democracy Act of 2019. If signed off by the president, the bill will allow two major sets of action to be taken against high-ranking Cambodian

  • ‘Zero-dollar’ tours under fire

    Minister of Tourism Thong Khon has blamed “zero-dollar” tour operators for the decrease in foreign tourists to Angkor Archaeological Park in the first half of this year and has called for action against them. Angkor Archaeological Park received 1.24 million foreign visitors in the first half

  • Breaking: Rubbish found packed inside 83 containers at S'ville port

    Eighty-three containers packed with rubbish were broken open at Sihanoukville Autonomous Port by joint authorities on Tuesday. The origin of the containers has yet to be ascertained, Ministry of Environment spokesman Neth Pheaktra said. Pheaktra, who is also the ministry’s secretary of state, said

  • Some jobs off limits to foreigners from August

    Beginning from the second week of August, foreigners will be banned from driving taxis and tuk-tuks, as well as being motorcycle delivery drivers, street food vendors, hairdressers and product distributors among other lower-income jobs. Some white-collar jobs such as the head of human resources will