Real estate market in Cambodia
Phnom Penh, the capital of Cambodia, is becoming the fastest-growing real estate market in the world, thanks to the money coming from China.
At present, Phnom Penh, a city once famous by the new Khmer architecture, has changed drastically, as old buildings have been replaced by high-rise buildings and skyscrapers, despite the median income of the The population of this city is only 11,000 USD / year.
Although Cambodia is the second poor country in Southeast Asia, the projects approved here are of enormous size and value. Major projects that are being developed include:
Chip Mong Sen Sok Mall in Phnom Penh
Sen Sok Mall shopping center project of Chip Mong Retail is one of the big projects in Sen Sok district. With a total area of 40,000 m2. In June, Chip Mong Retail also kicked off its first commercial center, Chip Mong Baktouk.
Mong 271 Mega Mall will expand over 41 hectares of land in the capital, and will feature a cinema and dining area, among other dining and dining options.
Chip Mong Retail, one of the newest subsidiaries of Chip Mong Group. Construction of the shopping center is expected to be completed by 2020.
GIA Tower – Diamond Island in Phnom Penh.
Diamond Island is the first special administrative area of the capital Phnom Penh and is a satellite town. It is adjacent to world-class landmarks such as the Sofitel, Shangri-La Hotel, AEON Shopping Center, Toyoko Inn Grand Hotel and Nagaworld. All roads, power supply and drainage in the area are designed and developed uniformly.
GIA Tower is located in Diamond Island and has a total area of 3839 m2. The whole structure is divided into 306 small offices, 11 large offices and a total of 42 floors. Parking space capacity is about 382 cars.
LZ Sea View Residences in Sihanoukville
The LZ Sea View Residence in Sihanoukville is owned by LZ Sea View Residences Ltd. The project consists of two 21-storey buildings with an area of 1.5 acres. The total number of rooms is 600 rooms for both buildings. The rooms consist of 1, 2, 3 or 4 bedrooms ranging in size from 44 square meters. (can be customized for larger size).
The project is being implemented from the beginning of October 2018 and expected completion in early 2021. Song Anh Company has also cooperated and implemented model LZ Sea View Residence.
D Varee Kompong Dewa in Sihanoukville
This is a large-scale planning project in Sihanoukville. This is a collection of hotels, casinos, office buildings, apartments and indoor and outdoor sports.
Kompong Dewa is a luxury integrated resort designed to meet the needs of travelers of all ages. Located on the southern coast of Cambodia, this is the perfect place to relax, rejuvenate and have fun.
In addition, there are other large projects under construction in Cambodia such as the 22 projects of Phnom Penh Harbor by Yuetai Group; Casino Hotel Sunshine Bay has completed the SGPD Group; WB Arena in Phnom Penh by Worldbridge Land developer, is estimated to be completed in 2018.
In the face of the hustle and bustle of the real estate market in Cambodia, demand for real estate will explode. To accelerate the purchase rate, Song Anh Company provides 3D modeling services for projects. For more details you can see here.