Cambodia Economic News: Phnom Penh Property Prices Continue to - TopicsExpress

Cambodia Economic News: Phnom Penh Property Prices Continue to Rise Regarding the survey of VTRUST Property Co.,Ltd released yesterday, the average price of land in Phnom Penh was $1,440/m2, and the minimum price was about $10/m2 in Sen Sok district’s Ponhea Pon commune. The average price per square meter of land varied widely between the nine districts at about $3,630 and the least expensive at $160. Factors affecting the price included size of the land for sale, building types, and location. While the results reveal a steady increase from the property crash in 2009, VTRUST executives said yesterday during a news conference that there is little concern of another property boom and subsequent bust. VTRUST’s survey was conducted with a sample of 660 correspondents via telephone and in person interviews who at the time were selling their properties in the city. (Source: The Cambodia Daily)

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