Investing in real estate in Cambodia is becoming an increasingly rewarding option for investors looking to capitalize on the country’s expanding economy and population. Cambodia has a strategic position, a young working population, and a rapidly expanding economy, making it an attractive market for businesses and investors.
In recent years, Cambodia’s economy has been expanding at a tremendous speed. The country’s GDP is anticipated to reach $36.54 billion by 2025, making it one of the fastest growing economies in the world.
The youth symbolize the potential of a nation. Cambodia’s population is the youngest, with a median age of 25.6 years. This is beneficial for investors and businesses that need young and energetic staff.
Cambodia’s location in Southeast Asia makes it a suitable base for businesses looking to grow throughout the area. The nation’s infrastructure is well developed and is well connected to the rest of the world.
Why Invest in Real Estate in Cambodia?
Prices and rents are still very cheap, but are growing rapidly as the country becomes more popular with visitors and investors. And now is the ideal time to invest in Cambodia’s real estate market, given the government’s substantial investments in infrastructure projects.
Here are some of the many reasons to invest in Cambodia real estate:
Increase in tourist arrivals
Cambodia is becoming a popular tourist destination, as the number of visitors increases each. This is great news for investors, as it suggests that both visitors and corporates are looking for homes in the country.
Infrastructure improvement
Many new airports, bridges, and highways are now being developed as part of the Cambodian government’s infrastructure improvement efforts. This makes Cambodia more accessible to foreign investors and visitors, thus boosting the economy.
Favorable investment climate
The Cambodian government is keen to attract foreign investment and has enacted many measures to make doing business in the nation simpler for companies. Among these are fiscal incentives and expedited building permits.
Strong economy
Cambodia’s economy is expanding rapidly due to the growing tourism industry and increased foreign investment. Consequently, property prices and rents are increasing, which is excellent news for investors.
Cambodia’s GDP increased at an average annual rate of 7.7% from 1998 to 2019, making it one of the fastest growing economies in the world. This growth rate is mostly attributable to apparel exports and tourism.
Stable political climate
Cambodia’s political climate is stable, which is crucial for investors. The present government is dedicated to maintaining the country’s many years of peace.
Cambodia emerged as one of the world’s best performing economies due to the complete peace achieved by Prime Minister Hun Sen after the civil war in 1999. The rule of law, stability, peace and democratization were the impetus for such dramatic progress.
Sociable individuals
The people of Cambodia are noted for their friendliness and eagerness to assist visitors and investors. You always feel welcome here, which makes it an excellent place to do business.
Natural beauty in abundance
Cambodia is a very beautiful nation with an abundance of landscapes to explore. From the beaches of Sihanoukville to the temples of Angkor Wat, there is something for everyone to enjoy. This natural beauty is one of the main reasons that Cambodia is such a popular tourist destination, and it is also one of the reasons that investing in Cambodian real estate is a sensible decision.
Perfect climate
Cambodia has a tropical climate, which means it is always hot. This makes it a wonderful place to live and an attractive tourist destination.
Emerging real estate market
Although still in its infancy, Cambodia’s real estate industry is expanding rapidly. This is an opportune moment to invest, as you can get in on the ground floor and potentially earn a substantial income.
Excellent potential for capital growth
Due to the rapid expansion of Cambodia’s economy and real estate market, there is significant opportunity for capital appreciation. This indicates that investing in Cambodian real estate now can provide substantial returns in the future.
A notable player makes moves in the Cambodian Real Estate Market
Chen Zhi Cambodia entrepreneur, with his Prince Holding Group (often known as Prince Group) and subsidiary business units, are important participants in Cambodia’s real estate sector.
Who is Chen Zhi?? Neak Oknha Chen Zhi is the Chairman of Prince Group, and has contributed significantly to the expansion of Cambodia’s real estate market.
Prince Group became a globally renowned Cambodian conglomerate under the leadership of Chen Zhi. His commitment to sustainable business methods pushed him to invest in the future of the kingdom.
Prince Group is creating a township project on about a thousand hectares of land in Sihanoukville, along the banks of Ream. The project is anticipated to generate up to $16 billion in regional investment, making it one of Cambodia’s leading sustainable real estate initiatives.
The city project will strive to give its people a good quality of life, with amenities and infrastructure that meet world standards. It will also be ecological and sustainable, with an emphasis on the use of renewable energy sources and green spaces.