The real estate industry has long been a thriving industry. Despite the current COVID-19 situation in Cambodia, which is obviously unpredictable, there are plenty of great opportunities out there for those smart, forward-thinking investors and developers who have made this crisis their current property portfolio. See as the best time to expand or invest in your first property.
Real estate investing can take many different forms such as real estate, residential, commercial, retail, industrial, mixed use development, real estate investment trusts (REITs) etc. In this article, we will break down everything you need to know why investing in real estate is better than any other investment.
Located on the South Indochina Peninsula in Southeast Asia, Cambodia Real Estate has undergone tremendous transformation from a less developed country to a larger urban population due to massive growth and improvement in various fields.
Factors contributing to this growth are mainly the pro-business policies of the government which have led to the influx of foreign investors in various business sectors such as:
l Offices / Commercial Market
l Residential & Housing Market
l Retail Market
l Industrial Market
l Agricultural Market
- A Political Stable Country
The Cambodian government is working hard to make the country politically stable. Even members of parliament, ministers and other national institutions are working together for the development of this country. As a result, Cambodia has become one of the fastest growing economies in Asia. Here you can enjoy all kinds of private and public services.
- The Best Investment Destination
According to a Bloomberg report, China’s interest in investing in Cambodian Real Estate is growing. In addition, hundreds of real estate companies from other countries are investing in Cambodia Property. In 2018, China invested about 7 billion in several new projects and highways here.
- Strong GDP Growth
Cambodia Real Estate Market the tourism and textile companies have played a key role in boosting the country’s GDP. Cambodia’s economy has been growing steadily at 7% of GDP since 2011, the highest in the region.
- Rising Land Prices
The Cambodia Property Market has been booming since legislation on foreign property was passed in 2019. Land and property prices in Cambodia continue to rise in Phnom Penh, making the country’s emerging economy one of the largest investor economies.
Many a Cambodian businessperson have seized on this opportunity to acquire land at a very fast pace.
- US Dollar Economy
Although the Cambodian Rail is Cambodia’s official currency, the US dollar is generally used for all major day-to-day transactions, such as business transactions, investments, and even the purchase and sale of Property in Cambodia.
- Strategic Location
Real Estate Cambodia is strategically sandwiched between two strong economies, ASEAN, Thailand and Vietnam. And halfway between the world’s two largest and fastest growing economies, India and China. And it is also located between Asia and Australia, with trade agreements that link it to both countries.
- Last Frontier Market
Owning Property in Cambodia is still very cheap. The average cost of a state-of-the-art condominium property in Sanam, Cambodia, is approximately US $ 3,250 per square meter, compared to the average US command-managed property in the city center of Singapore. $ 21,528 per square meter.
Although property prices in Cambodia have risen over the past few years, these figures are still well below the global average. Cambodia Property market is booming and is unlikely to take a different turn in the coming years.
Indeed, a number of prominent property developers in the country – including a fast growing conglomerate led by a Cambodian businessman – have been launching both residential and commercial projects over the past few years with no signs of slowing down.
- Real estate renovations and renovations are still possible
As a conservative cash flow investor, I’ve never been a big fan of “fix and flip”. It often comes under the banner “If it sounds great”.
However, as a frontier market, Real Estate Cambodia still has a lot of properties that need to be renovated. Sure, these properties can be rented for $ 100, $ 200, or even $ 400 a month, but the trend is for foreigners working in the oil and gas, finance, and other growing industries at 000 1,000. Rent and even increase it.
Phnom Penh may be a popular stop for bakers who are slowly getting out of the crowd, but it also doubles as a new boom market where people rely heavily on ready-made properties.
- TOURISM IN CAMBODIA IS GROWING
Again, as a cash flow investor, I’d love to see some cash back before the sale. I don’t subscribe to the mantra that “Real Estate never comes down” no matter how passionate I am in an area.
Although I have already made good money selling real estate, I never appreciate my single game.
I think the best way to get solid productivity is through tourism real estate. I made this drama last year when I was just talking about buying foreign real estate for rent on Airbnb.
- International groups are present here.
In addition to oil companies such as Chevron, which enter into profit-sharing agreements with the government, a large number of international real estate companies, Chinese restaurants and other companies are setting up shop here.
Part of this is Vietnamese gamblers who cross the border cheaply. And part of that is the growing number of people, going back to the days when people working in NGOs were just white people you would see.
- Real Estate Appreciate in Value Over Time
Not only is the value of the building or house likely to increase, but the actual land on which it is built will usually be more valuable over the years. In addition, real estate investors can generate passive income by renting out their assets. Rents also increase over time, which can lead to more cash flow.
- Benefits of foreign real estate over steroids
If you’ve ever wondered how your government can help put money into an offshore bank account at any time, consider how difficult it would be for them to negotiate a Cambodian court on the property. Forcing sales that they do not. For those who are already following the law, but are concerned about seizing future wealth, Real Estate Company in Cambodia is an attractive and affordable proposition. Of course, there are those who say there is a bubble in property prices.