Land prices in Sihanoukville skyrocket by over 90% in six months

• 17 July 2019
• Local News
• 4866 Views

Land prices in Sangkat 3 and Sangkat 2 of Sihanoukville has risen sharply by more than 90% and more than 15% respectively in the first six months of 2019, according to a recent report released by real estate firm Key Real Estate.

With strong development in Sihanoukville, prices of land in Sangkat 3 rose sharply by 90.9% in the first six months of 2019 compared to the same period in 2018, an increase from the price of more than US$800 per square metre to more than US$1,600 per square metre.

In Sangkat 1, prices vary from over US$200 per square metre in 2018 to more than US$400 per square metre in 2019, an increase of 64.5%.

Despite maintaining the highest price rises among the four Sangkats being studied, the value of land in Sangkat 2 has increased by 15.2% from more than US$ 1,600 per square metre to more than US$ 1,800 per square metre.

In Sangkat 4, there was a change of 5.9% from US$1,200 per square metre to more than US$1,400 per square metre.

In addition to Sihanoukville, land prices in Phnom Penh have reached the highest peak of a 27.3% rise in for land in Khan Prek Pnov and in Siem Reap prices increased in Zone I.

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