The number of participants at the Cambodia Property Awards is rising steadily.
The economy has climbed higher and higher, growing by around 7 percent each year. Land prices have increased dramatically in that time as international investors have flooded in.
The development of the capital is currently expanding due to a growing urban population, a burgeoning real estate market, and the influence of foreign direct investment. Movement is being seen at all levels from high-end projects to affordable options.
A project to build a $31-million steel-processing plant in Kampong Speu is greenlighted.
Real estate experts and investors seem not to be worried about the upcoming general election and political situation.
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
Located in the edge of the northern suburb of Phnom Penh, Sen Sok borders the popular Tuol Kork and is expected to be a very attractive area for middle and high-income families.
The Malaysia-based Rahim & Co International Bhd announce it is expanding into the Asean and Asia-Pacific markets like Cambodia, Vietnam, China and Hong Kong.
Phnom Penh’s sewage system remains an unresolved issue, and heavy rainfall and flooding during monsoon season is having an adverse effect on the real estate market, according to industry insiders.