Guide To Explain Everything You Need To Know About Cambodia Real Estate

Posted 2 years ago in BUSINESS.

Cambodia, a country in Southeast Asia, is a fascinating place to visit for many reasons. It is divided into several provinces, with Phnom Penh serving as the administrative capital. The city is an excellent choice for investors and touri

Guide To Explain Everything You Need To Know About Cambodia Real Estate

Cambodia, a country in Southeast Asia, is a fascinating place to visit for many reasons. It is divided into several provinces, with Phnom Penh serving as the administrative capital. The city is an excellent choice for investors and tourists alike because of its culturally rich legacy, open market economy, and centralized location to certain other Southeast Asian countries. When investing or buying premier properties, you must know everything about Cambodia real estate. Let's look at the guide below and discover all.

 

Cambodia Real Estate- An Ideal Option For Investors

With continued improvements in new developments and investment opportunities, GDP growth is steadily expanding. Cambodia has become an ideal getaway and appealing nation for potential investors due to its continued economic growth rate of 7% year after year.

Against this backdrop, the construction and real estate sectors have emerged as Cambodia's most potent catalyst for economic growth. The prospect of Cambodia's membership in the ASEAN Economic Community (AEC) has boosted corporate morale and fueled a booming real estate industry and construction in the country.

Real Estate Is The Key Area Of Development

There was no better opportunity to buy real estate in Cambodia than now. Its strategic location among two of the largest and fastest-growing economies in the world, India, and China, as well as its AEC membership, makes it a great destination. Foreigners have now been permitted to own condominium units and apartments in Cambodia since 2010, and not the land or the building's first floors. Besides, the income from real estate transactions increased by about sixty percent to approximately 19.5 million USD in 2010 after the "strata title law" was passed, from 12.2 million USD in 2009.

 

This foreign ownership law has greatly assisted Phnom Penh's development, and several new properties are being built specifically for the foreign ownership market. Foreigners can now readily own a Cambodia property or land in the region through locally registered majority-owned enterprises and long-term renewable leases. These mechanisms are more secure than laws in other adjacent nations prohibiting foreign land ownership.

 

Commercial Space And Real Estate Investment In Cambodia

Commercial shop fronts and commercial buildings are available for lease or purchase in major districts of Phnom Penh, Siem Reap, and Sihanoukville. New developments are expanding various possibilities for non-serviced and serviced office spaces in key cities around the country. Still, plenty of options are there for hotel buildings and real estate developments. Besides, the Cambodian market is a prominent concern for investment in this region.

 

Investment Options In Cambodia

A few of the best real estate investment and commercial spaces are as follows:

  • Angkor Grace Residence and Wellness Resort
  • Rose Apple Square
  • The Eco Residence Senkok

 

Residential Properties in Cambodia

In and around Phnom Penh, Sihanoukville, and Siem Reap, many affordable borey houses, villas, flats, and apartments are available. Also, there have been an increased number of high-end serviced apartments and condominiums available for foreign investment. The region is modest and manageable for buyers since FDI rules are highly welcoming. Landed projects and developments continue to witness increased demand as the population's middle-income group consistently expands. A few of the featured attractive properties are as follows:

  • Three-Storey Family Villa in the Night Market Area, Siem Reap, is available for approximately 259,900 USD.
  • Four-Bedroom Villa Kamboja in Svay Dangkum, Siem Reap, is available for around 360,000 USD.
  • Six-Bedroom Luxury Villa in Teuk Thla, Phnom Penh, is available for about 3,300,000 USD.
  • Historical Estate for sale in Mao Tse Tong Blvd, Phnom Penh is available for 6,500,500 USD.

Types Of Available Properties In Cambodia

  • Apartments and Condo
  • Serviced Apartments
  • Boreys
  • Villas
  • Flat Houses
  • Commercial Properties
  • New Developments

 

Conclusion

The real estate sector in Cambodia is in its full swing; hence, investing in the sector would be wiser. From establishing a small-medium business to sole traders or large companies, IPS Cambodia helps your businesses succeed through its comprehensive real estate knowledge in Siem Reap, Phnom Penh, and other locations. It provided:

  • The best commercial spaces.
  • Individualised properties.
  • Real estate investment options at affordable prices in several locations.

So, you may contact this leading real estate agent of Cambodia to get the best deal on Cambodia property to live or buy properties.

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emmaalfie

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