Wonderful 2278sqm Airport Land for sale Porsenchey | central Phnom Penh

Details

This Airport Land for sale in Porsenchey in central Phnom Penh, close to Russian Boulevard, and National Roads 3 and 4 is now available for sale.

It offers an astute investor to develop a prime block of land in the centre of Phnom Penh with good access to major arterial routes.

The owner is open to all reasonable offers.

Airport land features:

• Hard title
• 3km to Chom Chow flyover (National Roads 3 and 4)
• 2km to the airport entrance

Original ID: PSC.A3

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About Porsenchey

Porsenchey (or Pou Senchey) is a Khan subdivided into 11 communes (Sangkats) in which the International Airport is located.

It covers much of the western part of the capital, located about 10km south west of the city centre.

It is the largest of all 12 Khans of Phnom Penh and houses about 200,000 residents.

Por Senchey – one of the largest Khans in the city – is attractive for developers to build residential projects.

This is largely due to the area’s relatively low land prices, large available land parcels and proximity to city centre.

Sandwiched between the city and south western suburbs, developers targeted the area for homes priced $30,000 and $70,000, suitable for low-mid income families.

In 2017, Por Senchey had 94 major developments and 111 smaller-scale projects under construction (30,000 residential units).

With its high population density, the area has more factories and residential projects than any other district in Phnom Penh.

Since then, however, land prices in the area have increased dramatically.

Postcode 12000 Phnom Penh real estate made easy

Phnom Penh real estate, especially the rental market, is not easy to navigate around as there’s a lot on offer and prices vary depending on where, when and what you are looking for.

The city offers a range of properties, so it is important you know what is available.

Covid made things difficult for everyone and all over Phnom Penh, people started negotiating heavily.

Although there is some residual goodwill, much has gone and prices are now close to pre-pandemic levels.

Don’t expect real estate miracles anymore!

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Good guide to land for sale

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.

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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.

READ MORE

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Phnom Penh real estate market in 2021