Great potential 2.3HA hard title land for sale Prek Pnov – Phnom Penh

Details

This unique, undeveloped hard title 2.3 hectare land parcel minutes from the Prek Pnov Bridge is now available for sale.

It is a unique battle triangular, close to the city with 150 metres of street frontage.

The property could be retained as one large single block or subdivided into many smaller properties and sold off developed or not.

Because of the property’s uniqueness of size and shape, it has a quality with good potential for serious investors looking for ‘something different’.

With direct access to Phnom Penh via National Road 5 and 10 minutes to AEON 2, it offers a fantastic development opportunity.

Prek Pnov land features:

• Undeveloped with great potential
• Public electricity and water supply available
• Located in a mixed-use area
• Trianguar in shape with great access
• Hard Title

Original ID: PP.A2

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Mekong River bridge grand options

Noot far from Prek Pnov, Areyksat is facing significant development as the South Korean Ambassador indicated that his government is exploring options of a Mekong River bridge to connect Phnom Penh to Kandal Province.

The surrounding areas will develop significantly as the South Korean government explores options of a Mekong River bridge to connect Phnom Penh to Kandal Province.

Areyksat, on the eastern bank of the Mekong, is mooted to fall under the jurisdiction of Phnom Penh.

As part of the plan, it will become a satellite city with shopping malls, residential, commercial, leisure and entertainment precincts.

Technical teams researched numerous potential sites at Chroy Changvar and/or at Daun Penh’s Riverside to connect with Kandal Province.

READ MORE 

PM announces portion of Lvea Aem District to be part of Phnom Penh

Kandal: forgotten, outlying, expanding

Kandal, once forgotten and outlying, is now expanding with good living and working options close to the city centre.

According to the World Bank, healthy economies are highly urban.

Nations with similar GDP to Cambodia (e.g. Bangladesh) have a rate around 35%. Cambodia’s is just over 20% and expected to be 36% by 2050.

Phnom Penh has seen massive growth recently.

It now has 2 million+ residents, making it the largest and fastest growing city in the country.

Better planning is now being employed to mitigate congestion and make the city a more apt gateway to the world.

Areas ignored in the past are now attractive.

PPSEZ is an example of phased land use to decentralize commerce and stimulus for the city to extend west.

Other new growth in Kandal will stretch the city limits east, north and west.

Phnom Penh’s projected growth and ongoing investment offer great opportunities.

This is a good time to look before everyone else does!

Good guide to investing in Cambodia

Here is a good guide to investing in Cambodia that should steer you away from total financial disaster.

The real estate market in Cambodia is extremely varied, more so than most countries, which can make investing either a smooth journey or a rocky one.

What separates a successful from unsuccessful investor is not pure luck, as many think, but the ability to recognize and avoid mistakes.

Investing in Cambodia is no different, so here are some things to consider before you part with your hard earned cash.

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Post Covid and a brave new normal

There is some doubt as to what a post Covid world will look like even though many say things will be back to a brave new ‘normal’ by the end of 2022.

It is widely known that the pandemic changed consumer behavior and spending habits enormously.

The suspension of regional and international travel, for instance, directly impacted retail, tourism and hospitality sectors across the globe.

This led to a rise in online shopping and entertainment platforms and is likely to create long-term effects on retail markets and eventually real estate.

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