Real estate players are quite excited by the market opportunities that lie ahead for Siem Reap province, amid an ambitious road construction project and preparations for the gradual reopening of tourism in the fourth quarter of 2021, with an initial focus on welcoming fully-vaccinated international visitors to the Angkor area in the northwestern province.
In November, the government disbursed about $150 million to build and revamp 38 roads in the province, with a total length of 108.74km. The project also covers development of rainwater drainage network and flood protection systems, sidewalks for the disabled, bicycle lanes, car parks, traffic and other signs, security camera systems, trees, gardens and light poles.
And early in April, Minister of Tourism Thong Khon asked Prime Minister Hun Sen to consider opening the door to the Angkor area in October-December for international tourists who have been vaccinated against the novel coronavirus.
Key Real Estate Co Ltd founder and director Sorn Seap told The Post on June 16 that the real estate market in the province, especially in Siem Reap town, will recover from the end of 2021 onwards, though at a pace dependent on the status of the Covid-19 pandemic.
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