Siem Reap, home of one of the 7-Wonders of the World, the majestic Angkor Wat Temple, is also a city known for its vibrant culture, rich history, and breathtaking tourist attractions, is soon to be on the rise again.
Before the Covid-19 pandemic, Angkor Wat, Siem Reap, the local people, and the surrounding temples, monuments, ruins, and natural reserves, attracted millions of tourists every. A year after Cambodia opened its borders to international travelers, Siem Reap is steadily picking itself back up again. With the announcement of the feasibility study project for a third expressway in the Kingdom, connecting Phnom Penh to Siem Reap, the great city is poised for an even faster rate of growth and sustainability.
This major development project will undoubtedly play a key role in increasing the number of tourists to both Siem Reap and Sihanoukville, as tourists will be able to easily travel between the two cities in less than six hours. The real estate industry in Siem Reap is also expected to benefit greatly as the increase in tourists will provide a much-needed economic injection to the tranquil town, which will lead to more people investing in assets they weren’t able to invest in during the economic downturn. This is already evident in the increase in the construction of high-end Boreys, condominiums, community malls, and other premium establishments.
Siem Reap is an ideal place to start investing for those looking for new and exciting opportunities. Many beautiful and potential residential projects in Siem Reap have already completed construction. Two such projects are Rose Apple Square and Bakong Village. Rose Apple Square is located in the heart of Siem Reap City Center, a mere 10-minute walk to the energetic Pub Street area. It is nestled on Rose Apple Road and redefines what it means to keep traditions alive while moving forward into the future. Bakong Village, on the other hand, is nestled in green fields and fresh air, only 10 minutes east of Siem Reap town center by motorbike. Their 7-hectare site will be home to 350 shophouses and residences. Both of these projects offer an excellent opportunity for those looking to invest in Siem Reap’s growing real estate market.
The Phnom Penh-Siem Reap Expressway is still in the feasibility studies stage, but its potential for the real estate industry in Siem Reap cannot be understated. It is an exciting time to invest in Siem Reap. With the growing number of tourists and infrastructure development, it is a great time to take advantage of the opportunities available.
