P Sihanouk real estate market braces for reopening scheme

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Prime Sihanoukville real estate currently goes for around $4,000-$4,500 per sqm, down from $5,500-$6,000 at its pre-Covid heights, and as low as $800-$1,200 in residential areas. Yousos Apdoulrashim

The outset of Cambodia’s economic reopening process, which notably includes plans to roll out the welcome mat for international travellers who are fully jabbed against Covid-19, bears positive implications for a gradual recovery in Preah Sihanouk province’s real estate market, experts have said.

The Ministry of Tourism on October 26 announced plans to reopen to fully-jabbed international tourists from November 30 following a sustained optimistic decline in Covid-19 metrics.

The ministry has selected Preah Sihanouk – including Koh Rong island – and the Dara Sakor area of neighbouring Koh Kong province for the first phase of the scheme.

In addition, the Ministry of Economy and Finance last month selected China’s Urban Planning Design Institute of…

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