Expert Plugs Sihanoukville for Next Property Boom After COVID-19

• 8 January 2021
• Local News
• 2488 Views

Among all provinces in Cambodia, Sihanoukville, and in particular Ream district, will become the highest potential investment destination for those looking for profits in 2021 or during the post-COVID-19 period, according to Founder and Director of Key Real Estate Co., Ltd. Mr Sorn Seap.

Mr Sorn Seap told the Construction & Property Magazine on 05 January that the area around Ream district is still underdeveloped while the land prices are still affordable enough to invest in small-scale tourist destinations.

“Personally, I see the great potential in Ream [district]. It is a coastal area with many large plots of empty land. We can develop them into resorts or multi-purpose developments,” said Mr Seap.

“Moreover, the land prices in this area are still affordable compared to the prices in Sihanoukville city. Even though you don’t invest in a resort, investing in land is still a good choice as you can sell at a higher price in the future,” he added.

Overall, Mr Seap is optimistic that Sihanoukville will have the fastest recovery pace after COVID-19 ends compared to other provinces in Cambodia.

“There are many infrastructure projects being developed there such as SEZ, expressway, and the port, among others. Besides, it is considered to be the largest economic pole following Phnom Penh and is a multi-sectoral development zone that offers many opportunities for investors,” said Mr Seap.

 

 

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