Expert: Cambodia’s Real Estate Market to Remain Stable for Next 3 to 5 Years
(Phnom Penh): Property experts commented that Cambodia’s real estate market will remain stable for the next three to five years. There are five provinces in which the land market is impressively active: Phnom Penh, Sihanouk, Kampot, Siem Reap and Koh Kong.
At a meeting on September 19, 2019, to examine the current and future real estate situation in Cambodia, real estate experts predicted that in the next five years, there will be no more available land in Phnom Penh to construct borey.
Some existing buildings will be replaced by high-rise condominiums while the location of new flats will move to the suburbs, at least 20 kilometers from the center of Phnom Penh.