Southern Phnom Penh a future country’s new economic corridor, says CBRE

• 12 August 2021
• Local News
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CBRE Cambodia has forecasted that the southern districts of Phnom Penh and several neighboring districts of Kandal province will soon become the country’s new economic corridor, encompassing future residential, commercial, and industrial activity.

According to its recent report, the Capital’s most southern districts namely Dangkao and Mean Chey, as well as Takhamo City, Kandal Steung District and Saang District of Kandal province, have witnessed rapid development and steady population growth in recent years, thanks to the major infrastructure development.

The report added at least US$2.2 billion of investment has been poured into public infrastructure development within the area, which as the result luring more and more large property investment projects.

As of H1 of 2021, there is a total of 13 condominium projects proposed for the Southern part of Phnom Penh, and four of which have been completed while others are in the plan.

The southern part of Phnom Penh is home to six industrial projects, one special economic zone, offices projects, as well as retail revenues.

The move south is being assisted by infrastructure, which brings the combined effect of lower travel times, increased accessibility – making development sites more valuable, and suitable for an array of uses, read the report.

A key consideration for all stakeholders moving forward will be the potential benefits and challenges presented by urban planning policy, the report added.

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