Sihanoukville or Kampong Som province, as it is called in Khmer, is a popular tourism destination for both local and international tourists, that has rapidly developed since 2015.
This has led to a high premium being placed upon the land for sale in Sihanoukville. The city has recently seen a massive boom in Chinese investment, mainly based around casinos and hotel resorts developed for the Chinese market. This online slots opened in 2003 affords 175 online gaming slots. Seen somewhat as a mixed blessing this trend has waned with changes to gambling laws in 2019.
Sihanoukville is also Cambodia’s only deep water port, and is a key transport link for manufacturing. This will ensure the price of land in Sihanoukville remains strong despite changes in the predominantly Chinese tourism based investment.
It presents a good investment opportunity for those wishing to purchase commercial land appropriate for warehouses or factories, benefiting from the good road infrastructure and close proximity to Sihanoukville port.
If you are looking for beach land for sale in Sihanoukville, you really have missed the boat. So, it is best to look slightly further afield.
There are still wonderful opportunities along the coast from Sihanoukville to Ream, Kampot and Koh Kong with many beautiful areas. Much of the land around Ream is protected.
The further away from Sihanoukville you get the more tranquil the environment becomes. This affords great potential for investment in land, as tourism spreads out from the popular tourism centre, especially for those looking for a different and more green type of tourism.
Recent years have also seen the emergence in the previously unpopulated islands off the coast of Sihanoukville.
The islands of Koh Rong, Koh Rong Samloem and others have become a key tourism destination with the emergence of local and international resorts ranging from budget backpacker places to high end five-star resorts.
This is a fast developing area with a lot of undeveloped land on the islands, which have maintained their number of western guests while the mainland focus has been on the Chinese market.
This trend is likely to continue as western tourists discover more about the deserted beaches and crystal clear waters that can be discovered on the islands close to Sihanoukville.
Only Cambodian nationals can buy and sell land.
Some foreigners use a nominee structure or register a holding company to get around this situation, but potential overseas or expatriate buyers should take independent legal advice on this. The holding company route can be appropriate for large commercial purposes.
Pointer is a real estate agency and consultancy firm that works with local and international property developers to consult, market, sell, and manage real estate development ReadMore
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