- Property type: Land parcel
- Offer type: For Sale
- City: Kandal Province
- Neighborhood: Tonle Bati
- Original Property ID: KAN.A12
- Property size: 127132 m²
- Close to Aeon 3
- Close to new airport
- Development potential
- Good exposure
- Good ROI
- hard title
- Road access
- Tourism location
This undeveloped 12.7 hectare land parcel within close proximity to the Tonle Bati development zone, Phnom Penh Zoo and new Techo Takhmao Airport in Kandal Province is now available for sale.
It is a unique block, close to National Road 2 with almost 250 metres of road frontage, ready and waiting for a smart investor.
The property could be retained as one large single block and developed entirely 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 road access getting to and from Phnom Penh city centre is a breeze.
It currently has direct sub road access and is 5 min to the NR 2 only 30 minutes to Phnom Penh’s current International Airport.
It is located equidistant to the new International Airport and Zoological Gardens, making this an investor’s dream.
Kandal land features:
- Undeveloped with huge potential
- Public electricity and water supply available
- Located in a mixed-use area
- Hard Title
- Road access
Original ID: KAN.A12
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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!
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: 16272
- Published: September 7, 2022
- Last Update: February 21, 2023
- Views: 853