Land prices in Takhmao city up 10 per cent

The centre of town in Takhmao in Kandal Province. Pha Lina
The centre of town in Takhmao in Kandal Province. Pha Lina

Land prices in Takhmao city up 10 per cent

Land prices in Kandal province’s Takhmao city rose between 10 and 15 per cent in the first quarter compared to the same period of last year, said real estate experts.

Dith Channa, general manager of VMC Real Estate company said land prices in Takhmao city rose between 10 and 15 per cent in the first quarter of this year compared to the same period last year. This increase is because the area grows more attractive through the proposed construction of a new road from Boeung Tum Pun to National Road number 2, but the start of the new construction is not known yet. Having National Road 2 to the Vietnamese border and a large road to Koh Thom district bordering Vietnam is helping the city to be more attractive, he added.

He said “at present, this area is more crowded than before as it has banks, commercial buildings and some factories move there. Before, a lot of people are worried about traffic jam but after the Kbal Thnol overpass was built, travel from Phnom Penh to Takhmao city is no longer a problem”.

The development of flats or villas is not strong, but some small development projects in the area -- such as the project of Heng Akphivat company selling flats, and with some factories being built there too – have been progressing very well, said Dith Channa.

Cheng Kheng, CEO of CPL real estate company and president of Cambodian Valuers and Estate Agents Association, said buying and selling in Takhmao city this year increased noticeably compared to the same period last year. At present, the southern part of this city sees a lot of buying and selling due to the construction of the Prek Samrong bridge which is set to be completed soon. He added that there are a lot of banks and schools expanding their branches there which help make the business environment in Takhmao city better and better from day to day.

He maintained that “land prices in residential areas increased slightly but the land prices in commercial areas increased about 10 per cent compared to the same period of last year.”

However, Kim Heang, president of the Khmer Real Estate company, has an opposing view, saying that in late 2012 there were a lot of developments of boreys and the land prices increased largely, but in 2013 the development activities and buying and selling lands in the area did not have remarkable activities due to limited demand for housing and land.

He said “there are two or three boreys being developed, but with no significant activities due to limited demand, and most country people want to come to live in the city and it is rare that urban people want to live in the provinces.” He confirmed “Takhmao city is an area people go past and come past, not a residential area”.

MOST VIEWED

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Angkor Wat named as the top landmark for the second year

    Travel website TripAdvisor has named Cambodia’s ancient wonder Angkor Wat as the top landmark in the world for the second year running in their Travelers’ Choice Award 2018, an achievement Cambodian tourism operators expect will attract more tourists to the Kingdom. The website uses traveller

  • Ministry’s plan for net sparks fears

    The government has ordered all domestic and international internet traffic in the Kingdom to pass through a Data Management Centre (DMC) that has been newly created by the state-owned Telecom Cambodia, in a move some have claimed is an attempt to censor government critics. Spokesman

  • Hun Sen detractors ‘will die’

    Prime Minister Hun Sen on Wednesday said those who curse or insult him would eventually die without a plot of land to bury their bodies after being killed by lightning, suffering the same fate as those who recently died in Thmar Baing district in Koh