Friday, May 9, 2014

Developers see near completion of cable-stayed bridge as positive for trade and property prices

9 May 2014

Set to open next year, Cambodia’s first cable-stayed bridge is now more than 70% complete.

The bridge is 2,220 metres long, 13 metres wide and 37.5 metres above the water level during the rainy season, and it will have two wide lanes for traffic. The Neak Loeung Bridge will be the longest bridge in Cambodia. The bridge will bring benefits to everyone because of its proximity to Vietnam and Thailand. The bridge is 61 kilometres southeast of Phnom Penh in Prey Veng province.

As at present, land prices on the other side of the Preah Monivong Bridge in the vicinity of Phnom Penh ranged between $500 and $800 per square metre. General Manager of Key Real Estate says land prices along National Road 1 saw an increase from 10% to 20% in the first four months of this year compared with the same period last year.

Source:
http://www.phnompenhpost.com/real-estate/developers-see-near-completion-cable-stayed-bridge-positive-trade-and-property-prices

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