Everyday.com.kh
Translated from Khmer by Heng Soy
In 2007, the price of lands and housing has increased significantly, doubling the value when compared to the previous year, a real estate agent told the Rasmei Kampuchea. Cheng Kheng, director of real estate company, said that, based on observations in 2007, the price of real estate increased significantly, almost doubling in value or more, when compared to the year before. However, he said that this real estate price will remain still with the approaching 2008 election, but that after the election, it could rise again if the political situation does not change much. Cheng Kheng said that the price of lands in Phnom Penh costs, at most, about $3,500 per square meter for large home properties measuring 1,000-sq.-meter and up. For commercial properties located along the Moat Tonle street, or the Monivong street, the price of lands could fetch between $5,000 to $8,000 per sq. meter. Row houses in the city costing about $100,000 are hard to find, and even in the suburbs, these row houses would fetch between $80,000 to $100,000 also.
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