Land prices rise sharply in three Phnom Penh districts

• 13 February 2019
• Local News
• 1260 Views

Thanks largely to international companies investing in and developing real estate, especially residential and commercial buildings, Khan Sen Sok, Khan Mean Chey and Khan Dangkor districts in Phnom Penh are experiencing significant land price changes.

According to a report by Key Real Estate comparing the land prices in 2017 and 2018, Khan Sen Sok has increased by 17.1 percent. Land prices per square metre for land adjacent to major roads ranges from US$450 to US$3,500, while land on smaller roads costs between US$200 and US$1,500. The report also emphasised the impact of land being developed in the residential and commercial areas on projects such as Aeon Mall 2 and Macro.

Meanchey district has seen a 16% increase in land prices between 2017 and 2018, with prices between US$650 and US$3,800 per square metre for land adjoining main roads. For land close to sub-road, prices range from US$400 to US$1,300 per square metre.

In Dangkor district, land prices in 2018 have also seen great variation, prices ranging from US$35 up to US$2,000 per square metre for land next to the main roads. Meanwhile, for land located next to smaller roads, prices range from US$10 to US$400 per square metre.

These increases in land prices are due to increased investment in almost all sectors by foreign investors in Cambodia, especially in the construction and real estate sectors.