- Close to schools
- Development potential
- Good ROI
- hard title
- Road access
This fantastic parcel of land on National Road 3 near Phnom Penh Airport in Kandal Province is now available for sale.
This is an urgent sale and therefore the price tag is virtually unbeatable.
Special Land features:
- $510/sqm – sale price!
- Land size 41,000㎡
- Hard title
- Undeveloped with huge potential
- Public electricity and water supply available
- Located in a mixed-use area
- Main road frontage (NR3) only 2.5km from sky bridge at Choam Chao
- Property is already surrounded by housing, hotels, shops, etc.
Original ID: KAN.A14
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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.
It is likely that the land now used by the airport will become highly sought after for residential / commercial purposes, thus making the surrounding areas more valuable.
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!
For sale – 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.
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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- ID: 21214
- Published: March 26, 2023
- Last Update: March 26, 2023
- Views: 660