In 2024, Cambodia's property market is set for significant growth, driven by a 6.4% economic forecast, major hotel projects, and expanding office and retail spaces in Phnom Penh.
Infrastructure
Sihanoukville and Koh Rong are set for a tourism renaissance as AirAsia Cambodia launches its inaugural domestic flights.
Koh Rong Island, a popular tourist destination in Cambodia, is undergoing a major transformation with the development of its electric grid and street lighting system. This project is currently 50% complete and progressing steadily, marking a significant milestone in the island's infrastructure development. Together with the development of concrete roads and construction of Koh Rong airport, island is...
The construction of a $300 million international airport in Koh Rong Island is expected to boost the real estate development prospects of Koh Rong as well as Cambodia. The State Secretariat of Cambodian Civil Aviation and Royal Group Koh Rong Development Company signed a Memorandum of Understanding for the Koh Rong International Eco-Tourism Airport project, which includes a master plan for the airport....
Koh Rong, a stunning island destination located off the coast of Cambodia, is making significant strides in improving its infrastructure. In recent years, the island's road network has undergone a significant transformation, with approximately 70% of the roads now completed as of March 2023. The newly constructed roads provide easy access to all of the island's beautiful beaches, making transportation...
The completion of the Dara Sakor International Airport in Botum Sakor District, Koh Kong Province, is a major development for Cambodia and its real estate market, particularly for the nearby island of Koh Rong. Koh Rong is a popular tourist destination located just 15 minutes away from the new airport, making it an attractive investment opportunity for developers and investors alike. Koh Rong airport...
Phnom Penh-Sihanoukville Expressway Opens for use, boosting tourism and real estate of Sihanoukville and Koh Rong, Cambodia The Phnom Penh-Sihanoukville Expressway, a 187-kilometer-long highway connecting Cambodia's capital city, Phnom Penh, and the deep-sea port province of Preah Sihanouk, was opened for trial use to the public on October 1, 2022. It is fully functional and operating at full capacity...
70 km of concrete road will be completed on Koh Rong city in the next 16 months, electric grid and airport afterwards On July 14, 2020, Royal Group Koh Rong Development Company and Sinohydro Corporation Limited held a signing ceremony for the construction of a 70-kilometer concrete road which is 8 meters wide on Koh Rong Development Area, Koh Rong City, Preah Sihanouk Province, Cambodia. Sinohydro...