Sihanoukville Prices Rise on Jack Ma Rumours

With Sihanoukville now enjoying a tertiary wave of large-scale Chinese investment, prices have experienced a sudden recent surge on rumours of a Jack Ma subsidiary company seeking to invest in a significant stretch of beachfront land.

As Chinese buyers eye investments in land, hotels and condominiums, many for developments into gambling and entertainment facilities speculative pricing has become rife.

Nowhere has this been more apparent than at Otres Beach where a subsidiary of Ma’s Ali Baba company was reportedly seeking to purchase the entire stretch of land facing the beach. Soon after the news – dismissed by an Ali Baba representative as rumour – prices shot up USD150 per square metre from USD350 to USD500.

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