The Dey Huy flyover on Phnom Penh’s Russian Blvd, which is being funded by the Chinese government and currently 30 percent complete, will help bump up land prices in the area, according to real estate experts.
The 611-metre long and 16.5-metre wide bridge is slated to be finished in 12 months time and is designed to help ease congestion at the intersection with Hanoi Road (Street 1019). Russian Blvd is one of the city’s busiest thoroughfares and the main route for traffic going to and from the airport.
“People can easily commute to the centre of the city, if they live around the area,” said Chrek Soknim, CEO of local real estate agency Century 21 Mekong.
Soknim noted that land prices between the airport and the 7 Makara flyover, roughly two kilometres closer to the city centre than the Dey Huy flyover, ranged from $2,500 to $3,500 per square meter, while land closer towards the centre from the 7 Makara nearly doubled in price.
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