{"id":31018,"date":"2016-10-21T15:53:39","date_gmt":"2016-10-21T08:53:39","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/western-phnom-penh-your-property-values-arent-impressing-anyone\/"},"modified":"2016-10-21T16:00:59","modified_gmt":"2016-10-21T09:00:59","slug":"western-phnom-penh-your-property-values-arent-impressing-anyone","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/western-phnom-penh-your-property-values-arent-impressing-anyone\/","title":{"rendered":"Western Phnom Penh: your property values aren\u2019t impressing anyone"},"content":{"rendered":"


\nEspecially Por Senchey district
\nHouse under construction in Phnom Penh, Cambodia. kimsan0131\/Shutterstock
\nLand values in Phnom Penh\u2019s western districts remained flat in the third quarter of the year compared to the previous quarter, an analyst with Cambodia-based real estate firm VTrust Appraisal told Khmer Times. Price growth in Por Senchey district, which takes up most of the city\u2019s western area, fell short of expectations for most of the year to date.
\n\u201cIn three quarters of 2016, prices have been sluggish due to the overall slump in real estate prices, where the downward spiral began in late 2015,\u201d said VTrust Appraisal research director Hoem Seiha.
\nWhile land prices in the district rose by 31 percent a year on average over the last three years, growth this year has been middling at best.\u00a0\u201cWithin those three years, 2014 and 2015 marked the strongest growth for land prices,\u201d Seiha said.
\nMore: More optimism urged on Cambodia\u2019s property market
\nPrices in Por Senchey stood at USD170 per square metre in the third quarter of 2016, compared with USD110 per square metre in 2013.
\nTwo communes in Por Senchey bucked the trend and showed remarkable growth, while prices in neighbouring communes stagnated. The median price in Choam Chao grew from USD320 per square metre in 2013 to USD400 per square metre in the third quarter, while that in Kakab rose from USD380 per square meter in 2013 to USD490 per square meter.
\nPhnom Penh\u2019s western region is an especially populous portion of the Cambodian capital. The district of Por Senchey alone is home to 30 percent of the city\u2019s existing landed housing units that were completed between 2002 and 2016, the Times reported.
\nRead next: Is Cambodia, future site of ASEAN\u2019s tallest building, ready for a big quake?
\n
\nSource : property-report.com
\nRead more…Western Phnom Penh: your property values aren\u2019t impressing anyone<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Especially Por Senchey district House under construction in Phnom Penh, Cambodia. kimsan0131\/Shutterstock Land values in...<\/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-31018","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\/p75ss1-84i","jetpack-related-posts":[{"id":38943,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/phnom-penhs-suburbs-are-swelling-with-new-projects\/","url_meta":{"origin":31018,"position":0},"title":"Phnom Penh\u2019s suburbs are swelling with new projects","date":"December 23, 2016","format":false,"excerpt":"\r There\u2019s not much room left in the Cambodian capital\u2019s city centre Nighttime in Phnom Penh. Nukul Chanada\/Shutterstock As Phnom Penh\u00a0increasingly becomes pressed for land, Cambodian developers are favouring the city\u2019s\u00a0suburban districts over its\u00a0central core. The districts of Por Senchey, Sen Sok and Dangkao in Phnom Penh comprised more than\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23829,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-phnom-penh-at-risk-of-growing-too-fast\/","url_meta":{"origin":31018,"position":1},"title":"Is Phnom Penh at risk of growing too fast?","date":"August 24, 2016","format":false,"excerpt":"\r With developers eager for a slice of Phnom Penh pie, is the city\u2019s growth spurt too quick? Independence monument in Phnom Penh. Image credit: khlungcenter \/ Shutterstock.com A surfeit in condominium supply continues to raise suspicions of a bubble encapsulating Phnom Penh\u2019s luxury residential property market, according to CityLab.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10114,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-phnom-penh-is-asias-next-top-city-for-real-estate\/","url_meta":{"origin":31018,"position":2},"title":"Why Phnom Penh is Asia\u2019s next top city for real estate","date":"April 7, 2016","format":false,"excerpt":"\r Solid economic growth and strong foreign investor demand are helping to drive Cambodia\u2019s condo boom, but some worry it could lead to a glut Cambodia\u2019s real estate market is heating up, especially in its capital Phnom Penh, with foreign developers from China, Singapore, Taiwan and Korea looking to expand\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132588,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/7-questions-with-leading-cambodian-property-expert-sorn-seap\/","url_meta":{"origin":31018,"position":3},"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":16860,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-cambodias-real-estate-sector-will-fare-in-the-aec-era\/","url_meta":{"origin":31018,"position":4},"title":"How Cambodia\u2019s real estate sector will fare in the AEC era","date":"June 17, 2016","format":false,"excerpt":"\r Boom times ahead for the Kingdom, but is supply meeting demand? 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