Investing in Sen Sok district land

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An artist’s impression of the new Arakawa Residence condo project in Sen Sok district. Supplied

Khan Sen Sok is located in the northern part of Phnom Penh. Sen Sok’s real estate climate has remained stable and strong throughout the year, despite selling and purchasing of property slowing down in other key areas. This stability has gained the confidence of investors and real estate agents in Sen Sok’s market.

In order to get better insight into Sen Sok’s real estate climate for prospective investors, realestate.com.kh caught up with real estate firm Key Real Estate Co Ltd.

Sorn Seap, founder and director of Key Real Estate, has said that “land prices in Sen Sok have not seen any major increase or decrease recently, which means land prices are stable for now”.

Mr Sorn went on to say that despite this, there have been a few significant price increases over the last three years, before the property market achieved its current stability.

Regarding the increases of the last few years, Mr Sorn added that “prices jumped so high because of some of the projects in the area, which include the Aeon Mall 2, CAMKO City projects, Borey Pipup Thmey, and Borey Chip Mong”.

Sales and Marketing Manager of Key Real Estate Co Ltd, Chheng Chhay Hong has identified these key areas of growth: “We can divide the land area – in terms of its price – into three major areas, including the Aeon Mall 2 area, Phsar Dey Hoy area, and the Phsar Chhouk Meas area (Bueng Chhouk).”

Land in the Aeon Mall 2 area is located along the main road of Sen Sok. It has a starting price of $800, up to around $2,000 per square mete. Inside the village areas and among the smaller roads, land prices are a lot lower, between $100 to $800. For Phsar Dey Hoy, potential investors are looking to start at around $1000, which is similar to that of Phsar Chouck Meas, with land prices between $800-$1500 per square metre for these prime locations on the
main road.

Mr Sorn agrees with Ms Cheng’s analysis and adds that “whether you’re purchasing for living or investing, Sangkat Phnom Penh Thmey, especially around Aeon Mall 2, has great potential for both now and for the future”.

Currently, Key Real Estate is working in this area which they hope to promote to both local and international buyers. With an experience of more than 10 years in the real estate market, Mr Sorn has reinforced that their team is utilising their knowledge and experience to provide not just the highest quality, but real and honest advice to their customers. They do this by offering their renowned international services at a local price, so that the property market is available to all.

By Realestate.com.kh

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