Property prices rising in Siem Reap
Posted: Wed Aug 30, 2017 11:38 pm
Land prices in Siem Reap town continued to increase in the first half of 2017, thanks to the growing strength of the tourism industry.
The provincial capital saw prices rise about five percent in residential areas in the first half of the year and five to six percent in commercial areas, said Po Eavkong, the CEO and co-founder of Advance Real Estate Company.
“Siem Reap land prices rose last year because of the increasing number of tourists. As a result, hotels, entertainment venues, shops and services saw rising demand. The tourism industry is invigorating the property market,” Mr. Eavkong said.
Asking prices for land from Psar Leu market to the Royal Palace on National Road 6 range from $1,000 to $1,500 per square metre and can be higher, depending on the land size and location of the property, he said.
From Psar Leu market to Helistar they range from $1,000, while from Helistar to the cultural village they range from $500 to $800, Mr. Eavkong said. Asking prices fall to between $300 and $600 along National Road 6 from the cultural village to the airport, he added...
http://www.tourismcambodia.com/news/loc ... m-reap.htm
The provincial capital saw prices rise about five percent in residential areas in the first half of the year and five to six percent in commercial areas, said Po Eavkong, the CEO and co-founder of Advance Real Estate Company.
“Siem Reap land prices rose last year because of the increasing number of tourists. As a result, hotels, entertainment venues, shops and services saw rising demand. The tourism industry is invigorating the property market,” Mr. Eavkong said.
Asking prices for land from Psar Leu market to the Royal Palace on National Road 6 range from $1,000 to $1,500 per square metre and can be higher, depending on the land size and location of the property, he said.
From Psar Leu market to Helistar they range from $1,000, while from Helistar to the cultural village they range from $500 to $800, Mr. Eavkong said. Asking prices fall to between $300 and $600 along National Road 6 from the cultural village to the airport, he added...
http://www.tourismcambodia.com/news/loc ... m-reap.htm
