- Property type: Land parcel
- Offer type: For Sale
- City: Sihanoukville
- Neighborhood: Otres Beach
- Original Property ID: OTR.A1
- Property size: 2500 m²
- Beach proximity
- Development potential
- Road access
- Tourism location
Abode Real Estate is proud to offer this prime slice of land in the emerging area in the proximity of Otres Beach, Sihanoukville at $700/sqm. This is a special opportunity in Sihanoukville province, just over 3 hours travel time from Phnom Penh, perfect for anyone looking to develop a high end project close to the sea and a large urban centre.
Prime land near Sihanoukville details:
- Soft title (transferable to hard)
- Land dimensions: 50m x 50m
- Situated in Prey Nob, Bet Trang district near Otres Beach
- $700/sqm (negotiable)
Original ID: OTR.A1
Accessing property from Phnom Penh
Travel time from Phnom Penh will be around 2.5 hours, making this a perfect weekend destination. 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.
Phnom Penh Sihanoukville Expressway
When operational, the Expressway will be the largest roadway in the country and provide a better link between the two cities.
- Project type: 2 + 2 lane expressway
- Maximum speed: 100 km/h
- Length: 190km / width: 24.5m
- Developer: China Road & Bridge Corporation (CRBC)
JICA undertook a feasibility study 2006 to 2018 and construction commenced 2019. The road starts at Phnom Penh and runs west side of NR 4 to Chbar Mon. There it crosses NR 4 and continues along its east side to Sihanoukville. The project includes 89 bridges, 4 rest stops, gasoline stations and crash barriers to enhance safety.
US$2 billion project is a three way Public Private Partnership (PPP) project with CRBC and governments of Cambodia and China. China Road & Bridge Corp (CRBC) is main contractor. Ongoing cost support from road users via toll booths.
Benefits of the Expressway:
- Fast link between capital city and main seaport
- Reduce travel time by 50% to 2½ hours
- Improve National Road 4 traffic flow
- Enhance reliability and safety of road network
- Creates 6,000 project and 2,000 operations jobs
New government policy identified in ‘New tourist policy afoot’ (Phnom Penh Post 07/08/2022)
The government continues to prepare its “special tourist policy” to support growth in the ailing travel industry and add value to the sector by attracting various classes of visitors including long-stays, repeats, high spenders, potential investors and others who may become involved in socio-economic development.
The Ministry of Tourism on August 6 said in a statement that it had held a workshop on the latest draft of the policy two days earlier with representatives of about 60 public and private institutions to ensure that the instrument is comprehensive and well-integrated.
Ministry secretary of state Tith Chantha told the workshop that while a typical traveller spends an average of $700-800 per trip to Cambodia, the “special tourist” described in the policy spends $2,000-3,000, visits the Kingdom more often and stays longer, and a “majority” have businesses or jobs in the Kingdom, according to the statement.
“If tourists do obtain the rights to buy land to build lodging, it should only be allowed in the main tourism areas or in sacred tourism destinations such as Siem Reap, the coast, the northeast, but not in border areas,” Chantha said.
He shared that the policy aims to turn ecotourism into a more attractive investment option, and will contain mechanisms to attract more tourists in the future.
Speaking to The Post, Thourn Sinan, chairman of IMCT Co Ltd and Pacific Asia Travel Association Cambodia chapter (PATACC), agreed that the government should consider allowing investors to buy homes, as other countries do, as long as the appropriate terms and conditions are set.
Overall, the policy is “appropriate at this time”, “very beneficial” and will not only attract longer stays, but also bring in more travellers who may become investors.
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.
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- ID: 11616
- Published: August 11, 2022
- Last Update: August 23, 2022
- Views: 830