Logo of Phnom Penh Post newspaper Phnom Penh Post - Siem Reap, Sihanoukville enjoy land price boost

Siem Reap, Sihanoukville enjoy land price boost

Property development is a fast growing sector in Sihanoukville.
Property development is a fast growing sector in Sihanoukville. Vandy Muong

Siem Reap, Sihanoukville enjoy land price boost

Land prices across a number of provinces in Cambodia are enjoying a good run, but values in Battambang have remained stagnant, according to local real estate experts.

Cheng Kheng, head of Hutton CPL’s advisory board, told Post Property that Siem Reap and Sihanoukville are the two provinces with the most economic potential at the moment and are thus witnessing a surge in land values.

With news about a new airport in Siem Reap and foreign investment pouring into the coastal town of Sihanoukville, Kheng said investors were snapping up “as much land as possible”.

“The land prices in Siem Reap and Sihanoukville are rising as a result of the bustling investment activity,” he said.

According to Kheng’s estimate, land values in the more desirable areas of Siem Reap are selling for $2,000 to $2,500 per square metre while land along the smaller roads of the inner city were selling for $100 to $200 per square metre.

As for land in the favourable trade zones of Sihanoukville, they’re estimated to sell for $1,200-$2,000 per metre square.

Sorn Seap, the CEO of Key Real Estate, said that in general, sellers continue to ask for a high price for their land due.

“The area that was cut from the management zone of the APSARA authority in Siem Reap will become a residential area and a lively commercial zone in the near future, so prices in that vicinity are on the rise,” he said.

He added, “As for the land value in Battambang, there has been no excitement whatsoever, since this area is not in demand from foreign investors.”

An investor in Battambang city, who sells segmented land, Pour Puy said land prices in Battambang have remained stagnant this year.

Puy said that land in commercial zones in Battambang city is being priced from $1,000 to $1,500 per square metre while land along smaller roads was going for $100 to $200 per square metre.

He continued, “The demand for land in Battambang city are mostly from the locals; there are no foreign investors clamoring for them.”

MOST VIEWED

  • Cambodia maintains 'Kun Khmer' stance despite Thailand’s boycott threat

    Cambodia has taken the position that it will use the term "Kun Khmer" to refer to the sport of kickboxing at the upcoming Southeast Asian (SEA) Games, and has removed the term Muay from all references to the sport. Despite strong reactions from the Thai

  • Chinese group tours return to Cambodia starting Feb 6

    Cambodia is among 20 countries selected by Beijing for a pilot programme allowing travel agencies to provide international group tours as well as flight and hotel packages to Chinese citizens, following a three-year ban. As the days tick down until the programme kicks off on February 6,

  • Capital-Poipet express rail project making headway

    The preliminary results of a feasibility study to upgrade the Phnom Penh-Poipet railway into Cambodia’s first express railway indicate that the project would cost more than $4 billion and would take around four years to complete. The study was carried out by China Road and

  • Thai boxers to join SEA Games’ Kun Khmer event

    The Cambodian SEA Games Organising Committee (CAMSOC) – together with the Kun Khmer International Federation (KKIF) and Khmer Boxing Federation – have achieved a “great success” by including Kun Khmer in the upcoming biennial multi-sports event on its home soil for the first time, said a senior

  • Bullets to bracelets: Siem Reap man makes waste from war wearable

    Jewellery is often made from valuable gemstones like emeralds or diamonds and precious metals like gold or silver, or valueless things like animal horns. But a man in Siem Reap has approached the manufacture of delicate pieces from a different angle. His unique form of

  • 61% of 2022 imports came from just 3 markets

    The three largest exporters to Cambodia – mainland China, Vietnam and Thailand – accounted for 60.94 per cent of the Kingdom’s total merchandise imports last year, at $18.245 billion, which was up 11.99 per cent over 2021, according to the General Department of Customs and Excise. Cambodia’s total imports