The Time For Investing In Cambodian Real Estate Is Now
Cambodian real estate is gradually becoming a lucrative investment choice for investors looking to capitalise on the country’s booming economy and population. Cambodia benefits from a strategic location, a young labour force, and a rapidly rising economy, making it an appealing market for enterprises and investors.
Cambodia’s economy has grown at a breakneck pace in recent years. The country’s GDP is expected to reach $36.54 billion by 2025, making it one of the world’s fastest-growing economies.
Young people represent a country’s potential. Cambodia has the youngest population, with a median age of 25.6 years. This is advantageous for investors and enterprises who demand a young, active workforce.
Cambodia’s position in Southeast Asia gives it an ideal starting point for enterprises looking to expand throughout the region. The infrastructure of the country is well-developed, and it is well-connected to the rest of the globe.
So, why real estate in Cambodia?
Prices and rentals are still quite low, but they are gradually rising as the nation grows in popularity among visitors and investors. And, given the government’s significant expenditures in infrastructure projects, now is an excellent moment to invest in Cambodia’s real estate market.
Here are a few of the many reasons why you should invest in Cambodian real estate:
Growth in tourist numbers
Cambodia is quickly becoming a popular tourism destination, as the number of visitors grows. This is wonderful news for investors since it indicates that both visitors and companies are looking for properties in the nation.
Emphasis on building Infrastructure
As part of the Cambodian government’s infrastructure reform initiatives, several new airports, bridges, and motorways are presently being built. This increases Cambodia’s accessibility to international investors and visitors, hence stimulating the economy.
A favourable investment environment
The Cambodian government is anxious to attract foreign investment and has implemented several steps to make doing business in the country easier for businesses. Among these are tax breaks and faster building approvals.
A growing economy
Cambodia’s economy is rapidly increasing as a result of a thriving tourism industry and more international investment. As a result, property prices and rental rates are rising, which is great news for investors.
From 1998 to 2019, Cambodia’s GDP rose at an average annual rate of 7.7%, making it one of the world’s fastest-growing economies. This pace of increase is mostly due to clothing and tourist exports.
Political atmosphere that is stable
Cambodia’s political environment is stable, which is important for investors. The current government is committed to preserving the country’s many years of peace.
Cambodia has emerged as one of the world’s top-performing economies as a result of Prime Minister Hun Sen’s full peace after the civil war ended in 1999. The incentive for such rapid improvement was the rule of law, stability, peace, and democratisation.
Good people
Cambodians are well-known for their friendliness and readiness to serve visitors and investors. You will always feel welcome here, making it a fantastic place to conduct business.
Natural beauty abounds
Cambodia is a beautifully beautiful country with a plethora of landscapes to explore. From the beaches of Sihanoukville to the temples of Angkor Wat, there is something for everyone. This natural beauty is one of the main reasons Cambodia is such a popular tourist destination, and it is also one of the main reasons investing in Cambodian real estate makes sense.
Great weather
Cambodia has a tropical climate that makes it an ideal location for many, whether for short-term vacations or longer-term motivations such as working and even living in the country.
Real estate market in rapid development
Although it is still in its infancy, the Cambodian real estate business is rapidly developing. This is an excellent time to invest since you can get in on the ground floor and potentially make a significant return.
Excellent capital growth possibilities
The Cambodian economy and real estate market are rapidly expanding, creating a huge possibility for capital appreciation. This suggests that investing in Cambodian real estate now might provide significant profits in the future.
Making a strong play in the Cambodian real estate market
Cambodian businessman Chen Zhi and his Prince Holding Group (commonly referred to as Prince Group) have been active in Cambodia’s real estate market in recent years with a number of prolific projects being developed and launched.
Neak Oknha Chen Zhi is the Chairman of Prince Group, and he has made important contributions to the growth of the Cambodian real estate sector.
Led by Cambodia Chen Zhi, the Prince Group has grown into a worldwide recognised Cambodian conglomerate. His dedication to environmentally friendly business practices has compelled him to invest in the kingdom’s future.
Prince Group is developing a township project on around 1,000 hectares of land near Sihanoukville, along the Ream beach. The project is expected to attract up to $16 billion in regional investment, making it one of Cambodia’s most important sustainable real estate efforts.
The township project will attempt to provide its residents with a high quality of life by providing facilities and infrastructure that exceed international standards. It will also be environmentally clean and sustainable, with a focus on renewable energy sources and green spaces.
