Expert: Divided Land Plot Business Prone to Collapsing if No Change in Developing Method

• 14 December 2021
• Local News
• 1995 Views

Real estate expert and President of KW Cambodia Dr Kim Heang has warned that some divided land plot businesses in Cambodia or known as “Dey Lo” are prone to collapsing in the next two or three years if the developers do not upgrade or change their development methods.

Dr Kim said recently that the trend of buying Dey Lo will remain for at least until 2030, especially among young people with low income who cannot afford to buy a house. This is the only way for them to invest.

“However, the developer must change the way they develop those plots. Some Dey Lo developments now do not have proper infrastructure, no roads, no drainage system, and no utilities, among others. Some plots are too small and located too far from the city or urban areas. If the developers keep doing so, no one will buy the plot in the next two to years,” said Dr Kimheang.

“On the other hand, if developers build proper infrastructures with clear planning and decent size of land, this business will go on for long,” he added.

• Analysis
• Knowledge and Key Success