Land prices in the central neighbourhoods of the capital remained unchanged in the first half of the year compared to the same period last year, a research report from Phnom Penh’s Key Real Estate Co Ltd said.

Obtained by The Post on Wednesday, the report shows that from early this year until the end of June land prices in four main districts in Phnom Penh have stayed level, with only minor increases.

The study found that prices in Chamkarmon district ranged from $1,500 to $9,500 per square metre, while in Daun Penh district, most rates were between $2,000 and $12,000. The prices in these two districts stayed level with last year’s figures.

However, land prices in Prampi Makara and Tuol Kork districts increased between five and 10 percent over the past six months, the report said.

Prices at Prampi Makara are between $2,200 and $7,500 per square metre while it is between $1,700 and $5,000 in Tuol Kork.

Key Real Estate Co Ltd founder and director Sorn Seap said price increases were probably due to new developments.

“Among the four districts, prices in Toul Kork increased because many areas there have development projects under construction,” he said, adding that citywide, average rates were trending upwards.https://phnompenhpost.com/post-property/land-prices-central-phnom-penh-stay-level-amid-rise-suburbs