According to IPS, a real estate agency, there are five areas in Siem Reap that are ideal locations for renting and investing in real estate.

Below are the 5 most popular areas in Siem Reap:

1. Sala Kamreuk - Sala Kamreuk area is a popular foreign area where most real estate, hotels, and commercial establishments are located.

Apartment prices for rent range from $200 to $1,500.

Land for sale at $300 to $400 per square meter

2. Svay Dankum - is a popular residential area for locals and foreigners staying for a long time and where most of the beautiful villas are located.

Apartments for rent range from $120 to $900.

Villa prices for rent range from $1,000 to $3,000.

Land prices for sale range from $300 to $3,500 per square meter.

3. Wat Bo - This part of the town has residential property and is a thriving commercial district. It is the home of the famous Wat Bo Pagoda, which is just minutes away from Pub Street.

Apartment prices for rent range from $200 to $1,500.

Land prices for sale range from $400 to $2,500 per square meter.

4. Night Market (Old Market/Pub Street) - This part of the city is the most popular tourist destination due to its busy night view and lively bars open 24/7. Most of the area has restaurants, bars, hotels, and guesthouses, as well as some residential properties.

Apartment prices for rent range from $300 to $1,000.

Land prices for sale range from $600 to $2,000 per square meter.

5. Sla Kram - Sla Kram is near the Wat Bo area and receives many tourists. Nowadays, it is also popular with locals and foreigners who stay for a long time because it is close to the city center.

Apartment prices for rent range from $250 to $700.

Land prices for sale range from $250 to $2,000 per square meter.

An Ratha, vice president of CVEA in Siem Reap, told Harbor Property, "In Siem Reap, there is still a lot of buying, selling, or renting, whether it is a plot of land or a villa at present. In terms of buying, selling, or renting housing, office buildings are also flowing, and the hotel and guesthouse sector has also increased to some extent. The land market, on the other hand, has been a bit revived due to the reconstruction of the road to the area, which has led to small and large projects, such as the development of land for sale in the area, but the price of land has not changed. Farmland, on the other hand, is also seen to be active as Chinese investors have begun to invest in agriculture."

Siem Reap has become Cambodia's third destination for the construction of the expressway, while the study of the Phnom Penh-Siem Reap Expressway is completed, and the new Siem Reap International Airport project, which is scheduled to open for landing in October 2023 shortly. Both major projects will help drive more tourists to visit Siem Reap. The real estate sector in Siem Reap can only grow if tourism can grow first.

Source: IPS Cambodia

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