{"id":38943,"date":"2016-12-23T15:57:35","date_gmt":"2016-12-23T08:57:35","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/phnom-penhs-suburbs-are-swelling-with-new-projects\/"},"modified":"2016-12-23T16:06:26","modified_gmt":"2016-12-23T09:06:26","slug":"phnom-penhs-suburbs-are-swelling-with-new-projects","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/phnom-penhs-suburbs-are-swelling-with-new-projects\/","title":{"rendered":"Phnom Penh\u2019s suburbs are swelling with new projects"},"content":{"rendered":"


\nThere\u2019s not much room left in the Cambodian capital\u2019s city centre
\nNighttime in Phnom Penh. Nukul Chanada\/Shutterstock
\nAs Phnom Penh\u00a0increasingly becomes pressed for land, Cambodian developers are favouring the city\u2019s\u00a0suburban districts over its\u00a0central core.
\nThe districts of Por Senchey, Sen Sok and Dangkao in Phnom Penh comprised more than half of new housing construction this year, according to the latest Housing Market and Outlook Report by property consultancy Vtrust Appraisal.
\n\u201cThe central [area]has no land to build new houses anymore, so they need to move to build outside, which makes the supply in suburban areas increase,\u201d Hoem Seiha, VTrust\u2019s research director, told The Cambodia Daily.
\nMore: How to buy land in Cambodia (like Angelina Jolie)
\nDevelopers are fanning out of central Phnom Penh in search of cheaper parcels. Land price growth in western districts of Phnom Penh, including Por Senchey, has stalled for most of the year.
\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 Seiha.
\nMore than 7,100 housing units were built every year in the city between 2002 and 2016 for a total of 100,278 units, the Daily reported, citing VTrust data. Around 14,000 units have been built over the past year alone, a record.
\nPor Senchey, which covers most of Phnom Penh\u2019s western area, is home to 30 percent of the city\u2019s landed housing units completed between 2002 and 2016, according to VTrust.
\nRead next: Why Phnom Penh\u2019s airport district is suddenly taking off
\n
\nSource : property-report.com
\nRead more…Phnom Penh\u2019s suburbs are swelling with new projects<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

There\u2019s not much room left in the Cambodian capital\u2019s city centre Nighttime in Phnom Penh....<\/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-38943","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-a87","jetpack-related-posts":[{"id":27277,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/phnom-penh-properties-are-getting-smarter\/","url_meta":{"origin":38943,"position":0},"title":"Phnom Penh properties are getting smarter","date":"September 26, 2016","format":false,"excerpt":"\r This project is set to be as technologically enhanced as it is green Sangkat Chaktomuk square and Naga World Complex in Phnom Penh, Cambodia. 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