- Property type: Land parcel
- Offer type: For Sale
- City: Kampot Province
- Neighborhood: Kampot
- Original Property ID: KAM.A16
- Property size: 4750 m²
- Development potential
- hard title
- Mountain views
- River views
- Road access
- Tourism location
This prime piece of river front land is located 7km from the centre of Kampot City, now available for sale to a keen investor wanting a development opportunity of a lifetime for $175/sqm.
The property is a little under 0.5 hectares and has westerly views from the high side of the river.
Engineering works have further ensured this property continues to be non flooding.
It is a magical place in a location that is fast changing.
You would not want to miss this opportunity as prices are moving quickly in this region.
Access to the property from Kampot CBD is good and it is anticipated that the road immediately connecting to the property will be sealed in a short while. Then the value of this property will skyrocket!
With 80 metres of Kampot River frontage, the mind boggles at what could be done here.
The property has been well maintained and there is on-site irrigation and tended gardens that would be a perfect setting for an exclusive resort, villa or eco-friendly tourism venue.
Water and power connections are already in situ.
Original ID: KAM.A16
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The population of Kampot City 150km south west of Phnom Penh has grown and now has a wide range of restaurants, hotels and other services.
Kampot’s special vibe is its riverside and mountain setting and visitors spend their time enjoying nature. Main industries are salt / pepper production, fishing, fruit (esp. Durian), light industry and tourism.
Peak season is November to April when tourist businesses open up along the river promenade near Old Market and in the old quarter. The fully paved promenade runs from New Bridge, past the Governor’s Residence to the Aquatic Center.
The old bridge now has various styles after a number of Khmer Rouge breaches. It is now open to motorbikes and provides a reference point by day and night.
Kampot is hottest in April and coolest in December. Highest rainfall is in September and October and the driest time is January to March.
Access from Phnom Penh
Road 3 upgrade is almost complete, so travel time from Phnom Penh will be 2 hours, making this a perfect weekend spot.
We invite you to consider this offer and grab it before it is too late.
Land values in this area are rising steadily, so this price will not last for long.
According to the Tourism Infrastructure Project, tourism – specifically Kampot, Kep and Koh Kong – is expected to increase 500% by 2025.
Further, the Government’s Tourism aims to enhance (i) travel connections; (ii) product development; (iii) tourist safety; (iv) marketing; (v) the business environment; and (v) HR development.
Cambodia attractive for foreign investment
To know why Cambodia is attractive for foreign investment, one need look no further than the Prime Minister: “To ensure a sound macro economy and political and social stability, the government is open to all to do business and invest in the Kingdom.” (December 2019 PM Hun Sen).
Cambodia has about 100,000 expats enjoying low living costs, relaxed lifestyles and the Buddhist influence. It lures many into business and investment and it’s easy to see why.
Strong and resilient economy
Cambodia’s economy was one of the fastest growing 1998 – 2018. It had an average GDP growth rate of 8% driven by the garment and tourism industries. According to the World Bank, Cambodia was “… reaching lower middle income status in 2015 and aspiring to upper middle income status by 2030”.
Cambodia is a frontier market, making it less dependent on China, USA and Europe. This buffered it from crises like the 1992 financial crisis, 2000’s .com bubble and 2008 bust.
Up to the pandemic, the economy was growing at around 7%. Although the main industry, tourism, was hit hard, the economy weathered Covid better than most. Cambodia’s economy in FY 2021-22 is predicted to grow around 6%.
Drone footage of Kampot (Jeff Perigois)
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- ID: 6169
- Published: July 4, 2022
- Last Update: August 16, 2022
- Views: 833