4 indicators to consider before deciding to invest in suburban land that is easy to sell and quick profit
December 21, 2020
Phnom Penh: Many experts have similarly suggested that land investment in the suburbs still has many lucrative opportunities and is easy to sell because land in such areas is still in circulation despite the economic crisis.
Why and why are suburban land prices so lucrative? We can study these justification factors.
Development-Affected Areas
Economic activity is usually active in a city or capital of a country, so economic activity and investment in the city often have a rapid impact. Urban sprawl often affects the suburbs as it is close to the city and smart investors are always looking for opportunities in the suburbs as it is prone to rapid development and a lot of shopping activities.
Easy to connect infrastructure
In Cambodia, when infrastructure is connected to any area, that area is always growing fast, especially land prices are always rising rapidly.
Similarly, the outskirts of Phnom Penh are constantly receiving new investment projects, which has led to a rapid increase in government and private sector investment in infrastructure and has always been a priority in government goals or priorities.
Growing urbanization
Urbanization factors are always linked to demographics, so as the population grows in many areas, urbanization factors will grow faster accordingly.
That is why the city is always growing fast and there are plans for the government's continuous expansion, in fact, the area of Phnom Penh has increased from 300 square kilometers to 700 square kilometers and may be expanded in the future.
Urbanization is also closely intertwined with infrastructure, society, economy and development.
Demographic factors
In general, as the country develops, people often migrate to live in Phnom Penh, a trend that has occurred in almost every country in the world.
That is why the population of Phnom Penh has been steadily increasing, with more than 3 million people now living and expected to reach 5 million by 2030.
Meanwhile, a study by the Ministry of Land Management, Urban Planning and Construction shows that the number of people living in cities and towns will increase to 7 million by 2030, and the demand for housing in cities will increase to about 1 Millions of backs, too.
Based on all these factors, development activities have spread to the suburbs faster, land prices have risen, the population has been growing and urbanization has grown in line with the socio-economic situation.
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