Is the Chom Chao area no longer available for development of large projects?

Chom Chao Bridge Development Project in Phnom Penh
Chom Chao Bridge Development Project in Phnom Penh

At present, Chom Chao area does not have land for major development projects due to lack of development land. Housing projects, industrial areas and factories gathered in large numbers.

Mr. Va Savoeun, Chief of Choam Chao III Commune, said recently that there are currently many developments and projects in Choam Chao area, such as: Factories, enterprises and housing projects that provide a lot of job and economic opportunities for the people in this area.

“Currently, there is a shortage of development land for large projects, and the price of land is high,” he said. Boiled lots (4×20) at least the lowest price is more than 10,000 US dollars. Large plots of land may not be available in the area, as there are currently several housing developments projects and factory clusters, large enterprises as well.

Century 21 Advance CEO Long Kimsour said that the current Chom Chao area is growing and property prices in the area will increase. There are more high prices, especially land, because this area has many development projects.

“Currently, bridges are being built in Chom Chao, and this area has been growing as much as other districts,” he said. The number is in Phnom Penh, and especially in this area, the Royal Government has been developing the infrastructure system.

Mr. Long Kimsour added that in about two years, there will be more development and real estate will be more expensive. He added that the current affordable housing price (one floor) in the area is about 50,000 US dollars or more (between 50,000 and 100,000) and the price of housing. The business is worth about $ 100,000 to $ 120,000.

Phnom Penh Governor Khuong Sreng once said that the western part of Phnom Penh is making progress on various development projects such as Housing, factories, enterprises that make this area flooded during the rainy season, but nevertheless, the Phnom Penh Capital Administration has never ignored On this issue.

Cambodia Time


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