Real estate investors always can make a profit if they choose a good location and a reasonable price, especially during a good economic growth.
Yin Leang Kong, an adviser to the Global Real Estate Association, said this morning, “If you are a real estate investor who is easy to sell and easy to find a buyer, you should study the price and affordability of most Cambodians. Most Cambodians are middle-income and therefore their means are limited.
“If you can afford to buy investment land for $ 500,000 to $ 100,000, you should buy land for between $ 10 and $ 30 per square meter, because land is more expensive if it is in a good location,” he said. “Especially on the outskirts of Phnom Penh.” “If you can afford $ 200,000 to $ 300,000, you should also invest no more than $ 100 per square meter, because the more expensive the land, the harder it may be to find a buyer.”
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Mr. Yin Leang Kong continued, “However, the land is expensive, not unprofitable, it is also profitable, it depends on the location is better or not?” But, the ability of Cambodians to buy land ranging from $ 100 to $ 500 or $ 2,000 to $ 9,000 per square meter is still limited.
“Therefore, investing in land worth between $ 5 and $ 30 per square meter is an affordable price that the middle class can afford, and the wealthy or middle class are more numerous in Cambodia,” he said.