Sen Sok district sees strong increase in land price, report says

According to Key Real Estate’s land price research report, Sen Sok district saw the fastest growing land prices with a 17.1% growth rate from the beginning of the year. This is followed by Meanchey district, with a growth rate of 16%, Dangkor district 12.1%, Prek Pnov 10.1%, and Russey Keo district 9.6%. Chbar Ampov district land prices grew 9.3%, Toul Kork 6.3%, Por Sen Chey 5.5% and Prampi Makara 2.9%. Daun Penh prices increased by 1.7% and Chamkarmon 1%l However, Chroy Changvar saw no increase. Key Real Estate Co Ltd director Sorn Seap said the recovery in Sen Sok district land prices is due to current large projects such as shopping malls, commercial centers, condominiums, offices, and homes. Cambodian Valuers and Estate Agents Association vice-president Ping Serey said an overall review of the status of the capital’s land prices shows that fastest changes in both real estate and population can be seen in Sen Sok district. The arrival of major supermarkets will cause larger projects to emerge in the near future, he added. (Source: Post Property)