{"id":18830,"date":"2016-07-06T11:08:43","date_gmt":"2016-07-06T04:08:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-property-developers-should-keep-a-beady-eye-on-cambodias-southern-coast\/"},"modified":"2016-07-06T11:10:38","modified_gmt":"2016-07-06T04:10:38","slug":"why-property-developers-should-keep-a-beady-eye-on-cambodias-southern-coast","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-property-developers-should-keep-a-beady-eye-on-cambodias-southern-coast\/","title":{"rendered":"Why property developers should keep a beady eye on Cambodia\u2019s southern coast"},"content":{"rendered":"


\nCambodia\u2019s southern coast is finally getting some overdue attention
\nSihanoukville\u2019s beaches have long been a draw for tourists. Image credit: Damian @ Flickr
\nLong overlooked for the historical beauty of Siem Reap and the bustle of Phnom Penh, the province of Sihanoukville has been earmarked for more foreign investments.
\nA consortium of Chinese investors is reportedly pouring USD3 billion into a 337-hectare development along the Sihanoukville coast, named the Cambodia Golden Silver Gulf Resort, according to the Khmer Times.
\nThis development comes as scheduled flights to Sihanoukville International Airport continue to increase and industrial zones draw nearer to the province.
\nThe international aspect of the airport is important. Tourists can now not only fly from Phnom Penh and Siem Reap direct to Sihanoukville, but also from South Korea, Singapore and China. In the first eight months of 2015, Sihanoukville Airport served approximately 65,698 passengers, a 149 percent year-on-year increase, reported The Phnom Penh Post.
\nMore: How Cambodia\u2019s real estate sector will fare in the AEC era
\nSihanoukville holds a reputation as a backpackers\u2019 paradise, with many visitors trooping offshore to the islands of Koh Rong and Koh Rong Samloem. Sihanoukville governor Chhit Sengnguon claimed the province received 1.3 million tourists in the first five months of 2016 alone.
\nReal estate activity around the province is also expected to magnify due to the proliferation of special economic zones along National Roads 3 and 4. The roads lead directly to the city of Sihanoukville, which has the distinction of having Cambodia\u2019s only deep-sea port.
\nAlexander Evengroen, vice-chair of the Real Estate & Construction Committee of Eurocham, believes that National Road 3 is the \u201ckey for industrial development.\u201d
\nAside from backpackers, Sihanoukville seems ready to welcome another class of tourists: gamblers. According to the Ministry of Economy and Finance, licensed casinos operating in Sihanoukville have risen to 15, catching up to established gambling towns such as Poipet and Bavet.
\nRead next: A very hip launch party for Cambodia\u2019s biggest real estate event
\n
\nSource : property-report.com
\nRead more…Why property developers should keep a beady eye on Cambodia\u2019s southern coast<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Cambodia\u2019s southern coast is finally getting some overdue attention Sihanoukville\u2019s beaches have long been a...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-18830","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-4TI","jetpack-related-posts":[{"id":3443,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/could-cambodias-southern-coast-be-asias-next-resort-hot-spot\/","url_meta":{"origin":18830,"position":0},"title":"Could Cambodia\u2019s southern coast be Asia\u2019s next resort hot spot?","date":"February 2, 2016","format":false,"excerpt":"\r While the property market in Phnom Penh remains robust, the country\u2019s\u00a0oft-overlooked coast is carving out\u00a0its own reputation Sihanoukville is broadening its appeal with luxury condos and sumptuous island retreats In Cambodia, all roads have traditionally led to Phnom Penh \u2013 at least from a real estate speculation perspective. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/02\/Sihanoukville-is-broadening-its-appeal-with-luxury-condos-and-sumptuous-island-retreats.png?fit=740%2C492&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":21707,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-investing-in-sihanoukville-is-ill-advised-or-not\/","url_meta":{"origin":18830,"position":1},"title":"Why investing in Sihanoukville is ill-advised (or not)","date":"August 2, 2016","format":false,"excerpt":"\r Another investor is ready to take its chances on the growing tourist hub that is Sihanoukville Sihanoukville Beach. Image credit: Damien @ Flickr (Flickr) The value proposition of taking a dip at one of Cambodia\u2019s beaches is seemingly bigger than ever. International investment company, KC JSM Services Ltd, will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132598,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sea-to-summit-where-can-foreign-investors-invest-in-cambodia\/","url_meta":{"origin":18830,"position":2},"title":"Sea to summit: where can foreign investors invest in Cambodia?","date":"March 19, 2019","format":false,"excerpt":"\r Wedged between the South China Sea and the economic dynamos of Thailand and Vietnam, Cambodia is jockeying to become a major player among emerging Asian markets. Like Laos to its north, the kingdom has in recent years trebled an influx of property investments from China\u2019s globe-trekking Belt and Road\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":659,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/theres-a-new-frontier-of-cambodian-real-estate-for-2016\/","url_meta":{"origin":18830,"position":3},"title":"There\u2019s a new frontier of Cambodian real estate for 2016","date":"January 4, 2016","format":false,"excerpt":"\r And it\u2019s calling on international investors The Royal Sands in Koh Rong, via Facebook Cambodia\u2019s real estate market has been given an overhaul over the last few years in a bid to become more attractive to foreign and local investors. While most of the attention has been paid to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/royal-sands-koh-rong-1024x614.jpg?fit=1024%2C614&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":132588,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/7-questions-with-leading-cambodian-property-expert-sorn-seap\/","url_meta":{"origin":18830,"position":4},"title":"7 questions with leading Cambodian property expert Sorn Seap","date":"March 22, 2019","format":false,"excerpt":"\r Cambodia\u2019s property market has borne witness to frenetic changes in the last three years.\u00a0From the increasingly luxurious condo market of Phnom Penh, the capital, and the hospitality offerings of Siem Reap, its spiritual capital, to the casinos of Sihanoukville and the economic zones in Poipet and Bavet, the kingdom\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132612,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cambodias-property-sector-rises-above-politics\/","url_meta":{"origin":18830,"position":5},"title":"Cambodia’s property sector rises above politics","date":"March 15, 2019","format":false,"excerpt":"\r Last year was the one many hoped would see the political tide turn in Cambodia. 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