service industries including hotels, restaurants, and retail. Wages in these industries are significantly higher than the national average and enable those working within these sectors to loan monies at reasonable rates from reputable banks. This has fuelled the dramatic rise in Boreys which now dominate the fringes of the city and are responsible for the rapid expansion of the city limits. Historically, Borey’s have been attracted to the North and West of the City as this is where accessible, undeveloped land was located, however, these development opportunities are decreasing and we now see developers turning their gaze across the Bassac River towards Chbar Ampov. Chbar Ampov is beginning to reap the benefits of some impressive infrastructure projects, most notably the construction of Preah Monivong bridge that connects Phnom Penh City to Chbar Ampov and ultimately connects the capital to Vietnam through the much
improved National Road 1. Works continue on the exit road of the bridge to Kdey Takoy Pagoda, a 4km stretch that when completed in March 2017 will provide Chbar Ampov residents with dual road access direct to Preah Monivong Bridge. These infrastructure projects have given rise to residential developments including Borey Peng Houth, Borey Hi-Tech Luxury, Borey Lim Chheang Hak and several individual-owned housing projects. We believe these Borey’s are the first of many which will see construction in the Chbar Ampov area spike in the coming years. This increased interest by developers coupled with soon to be completed road infrastructure projects and planned projects including the much touted Kbal Thnal skybridge project will see property prices continue to rise in the Chbar Ampov region. An exclusive Chbar Ampov map including an indicative current land market price for the last quarter of 2016 is available on the next page.
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