Phnom Penh’s Tuol Kork district is projected to see a threefold increase in the supply of apartments for rent, which is predicted to reach a total of 5,000 units in the early 2030s, according to a study.

A study by VTrust Appraisal, which The Post obtained on Wednesday, projects that by the end of this year, the number of apartments in Tuol Kork will reach about 1,400 units and 5,000 units in the early 2030s.

Vtrust Appraisal Co Ltd director of research, Hoem Seiha, said Tuol Kork had gradually become more attractive thanks to a number of new developments such as schools, hospitals, malls, villas, boreys, condominiums and apartments.

An increase in the number of residents has gradually increased the demand for accommodations. The reasoning behind the projection is that the Toul Kork area has attracted many big and famous institutions in the last 10 years and this trend will only continue.

“The high prices of land in the capital’s centre and the rapid development of the Tuol Kork area prompted many people to move there,” said Seiha.

He said Toul Kork brings a high demand for residences, as it is between the centre and the developing Phnom Penh Thmey commune.http://www.phnompenhpost.com/post-property/capitals-tuol-kork-district-projected-triple-10-yrs