Logo of Phnom Penh Post newspaper Phnom Penh Post - Ring road prices steady




Ring road prices steady

Content image - Phnom Penh Post
Prime Minister Hun Sen operates a bulldozer at Monday’s Third Ring Road groundbreaking ceremony. HUN SEN’S FACEBOOK PAGE

Ring road prices steady

Property insiders do not expect land prices along the area of the government’s Third Belt Road project to see a large increase in the short-term despite it breaking ground. They said prices in the area already boomed last year.

The government held a groundbreaking ceremony at the construction site on January 14, presided over by Prime Minister Hun Sen.

The 52.983km length of the belt road is expected to cost $273 million under concessional financing from China and a counterpart fund from the Cambodian government.

It connects National Road 4 to National Road 1, passing through 15.424km of Phnom Penh and 37.559km of Kandal Province. The starting point of this road is at Km14 of National Road 4 and the end point at Km24 of National Road 1.

Lucky Realty Co Ltd CEO Dith Channa said though the public may believe land prices along the project will rise, it should not be expected to do so in the short-term.

“The news of the project has been coming for a long time, so buying and selling around the area has been booming since then. This is why prices will not increase [in the short-term],” he said.

Channa said the price adjoining the project between National Highway 3 to National Road 4 stand at an average of $200 to $300 per sqm, while the segment between National Road 3 and Koh Anlong Chin island costs between $150 and $200.

Hence, he said the average value from Koh Anlong Chin to National Highway 1 is between $25 and $40.

“Compared to two or three months ago [prices have] not increased. But compared to the beginning of last year, they had increased from 30 to 50 per cent for the area between National Road 1 and Koh Anlong Chin. Prices in other regions grew by about 10-15 per cent,” he said.

Cambodian Valuers and Estate Agents Association (CVEA) president Chrek Soknim echoed Channa’s opinions, saying the land along the Third Belt Road was bought by traders and large investors from villagers long ago, so prices have not increased much.

“Prices now are stable. But they are very different compared to the end of 2017 when they increased two-fold or three-fold in some places,” he said.

Soknim said the land could cost between $30 and $100 per sqm.

MOST VIEWED

  • ‘Potential shield’ for virus hangs in balance

    The World Health Organisation (WHO) suspended trials of the drug that US president Donald Trump has promoted as a coronavirus defence, fuelling concerns about his handling of the pandemic that has killed nearly 100,000 US citizens. Trump has led the push for hydroxychloroquine as a potential

  • Gov’t rolls out stimulus to keep businesses afloat

    The government has introduced the fourth round of stimulus measures aimed at ensuring economic and social stability during the outbreak of the Covid-19 disease. The move, which was announced on Tuesday, is designed to help businesses, factories and enterprises to stay afloat while reducing the

  • E-cigarette back in spotlight amid virus pandemic

    The Ministry of Health’s Department of Communicable Disease (DCD) department has released a video about the effects of smoking, while the NGO Cambodia Movement for Health (CMH) warned against the use of electronic cigarettes or vape. The short video clip that was posted on

  • Por Sen Chey woman murdered

    Por Sen Chey district police are searching for a suspect who robbed and killed a woman in a rented room in Samraong Kraom commune in Phnom Penh at 6:30pm on Monday. Deputy district police chief Chea Sovann told The Post on Tuesday that the victim,

  • Police chief: remove all roadblocks

    National Police chief Neth Savoeun warned Phnom Penh and provincial police chiefs to remove all roadblocks, saying that traffic police officials in some provinces had tightened traffic law implementation against guidelines. In a leaked voice message which was shared on social media on Tuesday, Savoeun

  • Man held for violating daughter and niece

    Kandal Anti-Human Trafficking and Juvenile Protection Department officers sent a man to the provincial court on Tuesday after arresting him the day before for allegedly molesting his daughter and niece in Sa’ang district. Department chief Ros Savin said the 30-year-old construction worker was questioned