Cambodia’s Five Provinces Attracting Real Estate Investments

AKP Phnom Penh, September 20, 2019—

Apart from Phnom Penh capital, five other provinces of Cambodia are increasingly attracting investment in real estate sector.

The update was shared by Mr. Chrek Soknim, President of Cambodian Valuers and Estate Agents Association (CVEA) in a forum on Cambodia’s real estate situation in the present and future here in Phnom Penh yesterday.

The five potential provinces on the field are Preah Sihanouk, Siem Reap, Battambang, Koh Kong and Kampot, the CVEA president continued, underlining that those provinces are favorable for development thanks to their attractive natural and historical sites.

According to a report of Policy Department General of the Ministry of Economy and Finance, as of Aug. 2019, the Royal Government of Cambodia approved about 3,175 investment projects worth over US$5.9 billion.

By Lim Nary