Kampong Cham is known for different things. It has the Ko Paen Bamboo Bridge, the Wat Nokor, the Koh Paen Island, Wat Hanchey, the Phnom Srey and Phnom Pros, the French Tower, and the Wat Maha Leap. But the province is slowly drawing in more than just tourists lately. Developers have also become fascinated with it and the opportunity to build Kampong Cham Borey developments.
The Breakdown:
Kampong Cham is a Cambodian province located near the Mekong River. It’s situated in between the provinces of Kampong Chhnang, Kampong Thom, Kratié, Tbong Khmum, Prey Veng, and Kandal.
Kampong Cham continued eastward towards the Vietnam international border. It was also known as the 11th biggest province in Cambodia. It became the second most populated Cambodian province. Kampong Cham was then separated into two individual provinces on December 31, 2013 through the fifth mandate. The portion located on the left of the Mekong River remained to be Kampong Cham and the eastern portion became the Tbong Khmum province.
The Possibilities:
Kampong Cham thrived even after its division in 2013 and is now seeing great interest from developers as a potential economic province.
According to a Phnom Penh Post report, Kuy Vat, CEO of Century 21 Cambodia, says that “Kampong Cham is an unpolished town. It’s a good province to build a special economic zone because it is only one hour away from Phnom Penh.”
Hong Piv, Director of Borey New World, also saw this potential and decided to build a Kampong Cham Borey. Doing the development in this area has given the developer newer possibilities, according to Seav Sophal – the exclusive sales agent of the property.
He explains that “in Phnom Penh, we receive deposits, but in Kampong Cham town, we sell them as we build them.” He continues, “Such commercial residential houses are sold in phases. They are being sold as they are being built because the residential trade here isn’t the same as in Phnom Penh.”
However, the CEO and President of Khmer Foundation Appraisal, Noun Rithy, warns the developers of the Kampong Cham Borey Project to plan well. He says that Borey New World should consider limiting their development to a medium-sized Borey.
He states, “It is possible to have a medium-sized Borey development in Kampong Cham, but it should not be as big as those in Phnom Penh, because Phnom Penh is a multi-economic zone with a huge population.” He explains, “In terms of Borey location, Kampong Cham town is a good location. There isn’t any risk, but they should be thinking about whether or not there will be renters after they buy it, or if they’re buying it to live or do their own business.”
The Project:
The Borey New World development will be located at Village 7. It will have a total area size of 3.5 hectares and will comprise of 270 commercial houses. Around 20 percent of the project has already been completed. Prices will start from $68,000 and can go all the way up to $180,000. Properties in the area will be a mix of traditional and modern designs, according to the Phnom Penh Post.
The Kampong Cham Borey development by New World is near the Me Sar Chrey pagoda, Me Sar Chrey Market, ACLEDA Bank, Me Sar Chrey Primary School, Natural Fruit Shop, Restaurant along Provincial Road 222.
The newfound interest in Kampong Cham has also brought about a newfound confidence in what it can become. And as more and more developers take a leap into investing here, it’s only a matter of time before we see bigger changes built upon this big potential.
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