{"id":1256,"date":"2019-02-11T08:51:52","date_gmt":"2019-02-11T08:51:52","guid":{"rendered":"http:\/\/pgawards.wpengine.com\/?p=1256"},"modified":"2021-06-04T14:05:30","modified_gmt":"2021-06-04T07:05:30","slug":"land-prices-in-cambodian-border-towns-on-the-rise","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/land-prices-in-cambodian-border-towns-on-the-rise\/","title":{"rendered":"Land prices in Cambodian border towns on the rise"},"content":{"rendered":"<p><strong>Notable increase in real estate values in border cities<\/strong><\/p>\n<figure id=\"attachment_1258\" aria-describedby=\"caption-attachment-1258\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-1258\" src=\"http:\/\/pgawards.wpengine.com\/wp-content\/uploads\/2019\/02\/Land-prices-in-Cambodian-border-towns-on-the-rise.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/Land-prices-in-Cambodian-border-towns-on-the-rise.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/Land-prices-in-Cambodian-border-towns-on-the-rise-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/Land-prices-in-Cambodian-border-towns-on-the-rise-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-1258\" class=\"wp-caption-text\">The border crossing into Poipet, Cambodia. It is a popular point between Thailand and Cambodia, thanks to casinos; gambling is illegal in Thailand. withGod\/Shutterstock<\/figcaption><\/figure>\n<p>While\u00a0Cambodia\u2019s islands\u00a0and beach towns have commanded much attention among market observers of late, the kingdom&#8217;s\u00a0border towns are also in the ascendant, according to a leading developer.<\/p>\n<p>Land prices in the cities of Poipet and Bavet, bordering Thailand and Vietnam, respectively, have registered fast rises over the last year, according to Dith Channa, CEO of development firm Lucky Realty Co Ltd, via the\u00a0<a href=\"https:\/\/www.phnompenhpost.com\/business-post-property\/lucky-realty-ceo-talks-border-towns\" target=\"_blank\" rel=\"noopener noreferrer\">Phnom Penh Post<\/a>.<\/p>\n<p>Prices in Poipet and Bavet\u00a0posted an annual growth of 20 to 30 percent last year, while those in\u00a0busy trading areas\u00a0grew\u00a0nearly two-fold.<\/p>\n<p>Residential sites in Poipet can fetch anywhere between USD200 and 300 per square metre, while commercial locations hover between USD1,500 and USD2,000 per sqm, reported Dith Channa. Suburban sites are valued between USD30 and USD100 per sqm.<\/p>\n<p>Bavet residential locations now command USD100 to USD200 per sqm, while those for commercial use can cost up to USD1,000 or USD1,500 per sqm, with suburban areas fetching prices between USD30 and USD50 per sqm.<\/p>\n<p>\u201cReal estate near the two international border checkpoints has been a good market for a long time, but it notably increased last year, with domestic and foreign investors, especially Chinese nationals, buying land there for investment,\u201d explained Dith Channa\u00a0in an interview with the Post.<\/p>\n<p>In addition to the Chinese, investors from Japan, Thailand and Vietnam\u00a0have also explored opportunities in the border towns, which have seen an increasing number of projects such as special economic zones (SEZ), dry ports, factories,\u00a0hotels and casinos.<\/p>\n<p>\u201cThe construction and development situation in the two provincial cities has drastically changed compared to the last two to three years,\u201d said Dith Channa.<\/p>\n<p>Prices are expected to continue\u00a0rising\u00a0in the next three to four years if Cambodia maintains political stability and economic growth, he predicted.<\/p>\n<p>Similar up-and-coming investment destinations include the village of Chrey Thom in Kandal province and several border checkpoints along Pailin province, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Notable increase in real estate values in border cities<\/p>\n","protected":false},"author":2,"featured_media":19786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-report","news_country-cambodia","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the 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