The market is way down from where it was just a year ago when the once famed coastal city was the go-to investment destination for Chinese real estate investors.
The government’s ban on online gambling that took effect on Dec 31, last year, however, resulted in a mass exodus of Chinese nationals. He said with the improvement in infrastructure in the province, he expects property prices in Preah Sihanouk province to rise again once Covid-19 has ended. He said property prices are now down 20-30 per cent from the same period last year, while rental prices have fallen more than 50 per cent.