Southern Phnom Penh to become green city and high-end commercial centre

• 28 November 2019
• Local News
• 9014 Views

The Phnom Penh city hall master plan (2015-2035) has designated the area south of the capital to be developed into a green city and the most important high-end commercial centre in 15 years, according to a Prince Real Estate statement on their website.

Phnom Penh Municipality and the city of Paris conducted a study for a master plan on urban development in the southern part of Phnom Penh, as Paris has long experience in building green development zones in the city.

Meat Measpheakdey, a spokesman at Phnom Penh Municipality, told Construction & Property Magazine in May that the technical team from Paris mainly aimed to map the locations of major infrastructure such as roads, sewage systems, the interconnection of roads, mapping green space areas, and preparing for future infrastructure. Read more

As the southern part of Phnom Penh will be the most modern and beautiful are of the city in the future, the land in that area is very expensive, especially along Hun Sen Boulevard.

Sorn Seap, the founder of real estate firm Key Real Estate, said in April that the nine-kilometre Hun Sen Boulevard is divided into three segments, and had different price ranges.

In the first segment from Monivong Blvd to the Peng Huoth project, the land price was between US$1,500 and US$2,000 per square metre, the second is 3 km long, from Peng Huoth with the price between US$800 to US$1,200 per square metre. For the last 3 kilometres to National Road No. 2, the price is between US$500 and US$800 per square metre. Read more

Photo: Prince Real Estate

• Urbanization and Architect