News of a new airport has sent prices skywards, but some say there is little to justify the sudden price hike.

The recent announcement that a new international airport to serve the capital will be built in Kandal province’s Kandal Steung district has sent land prices in the area soaring, but property experts suggest the assumptions fuelling the stratospheric price hike may be faulty.

Earlier this month the government announced it had approved a plan by a joint venture between local developer Overseas Cambodia Investment Corporation (OCIC) and the State Secretariat of Civil Aviation (SSCA) to construct a new airport for the capital on 26,000 hectares in Kandal province at an estimated cost of $1.5 billion.http://www.phnompenhpost.com/post-property/land-prices-soar-capitals-airport-announcement