Magnificent 0.8 hectare land for sale | Kandal Province

Details

This magnificent 0.8 hectare block of land in Phnom Basit, Kandal Province just outside the Phnom Penh city boundary near Road 42 is now available for sale.

Kandal land description:

• Close to Phnom Basit, which is no connected to Sen Sok across the former lake area
• This land is elevated, not prone to flooding and has access to sealed roads into Phnom Penh
• Surrounded by trees and various commercial and residential development activities now underway
• Suitable for commercial or residential development in keeping with location
• Close to AEON 2, Makro and PP Golf Course
• Currently SOFT TITLE, but HARD TITLE process is underway
• Size: 7953 sqm
• Price per metre: $55

Original ID: KAN.A6

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Techo Takhmao International Airport

Techo Takhmao International Airport is an international airport under construction in Kandal Province about 30–40 kilometres south of Phnom Penh.

It is expected to be fully operational by 2025, and intended to replace the existing Phnom Penh International Airport as the city’s main airport.

The airport will span over 2,600 hectares (6,400 acres) in Kandal Province.

Once completed, it will be the ninth largest airport in the world and designated as a 4F class airport.

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 decentralise 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 recognise and avoid mistakes.

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

READ MORE

Post Covid, 2022 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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Phnom Penh real estate market in 2021