The Cambodian real estate market has grown significantly over the past decade. The economy grew by 7% year-on-year, during which time global investors flooded in and land prices rose dramatically. In addition, the Cambodian government believes that the real estate industry will reach unprecedented growth in 2019.
Realestate.com.kh, a leading real estate brokerage in Cambodia, asked a number of real estate industry experts for their perspectives on the future of the real estate market in 2019.
Various types of residential development are taking place in Cambodia, including large mixed-use developments, hotels, serviced apartments, townships, condominiums, office spaces and resorts.
Recently, Phnom Penh's housing market has become more attractive, with many developments taking place in the capital, and Sihanoukville in the south is also experiencing significant growth.
Cambodian growth real estate information
Phnom Penh is the largest developing area in Cambodia. Each district of the capital is currently undergoing at least one major development. The downtown area is primarily built on condos and apartments, while the suburban areas are dominated by gated communities and housing projects like boreys.
Real estate information near the Cambodian border
Phnom Penh and Sihanoukville will continue to be the centers of development for the world's leading developers. But Poipet and Babette will both be noticed. There is potential for new developments in areas that are essential for trade with neighboring countries. However, the real estate sector still has a small market and will mainly focus on low-end properties compared to Phnom Penh, Sihanoukville and even Siem Reap.
Real estate investment information near the Cambodian border
Strategies vary greatly depending on the amount invested. Decide how much you want to invest, then decide on a specific project. It is necessary to research the population, the number of residents, living trends, the number of purchasers, supply and demand, and past purchase transactions.
Poipet, Bavet and Sihanoukville, for example, are promising locations for expat condominiums. First, you need to be specific about which part of the market you want to invest in.
Tourism attraction in Cambodia property market
The growth of tourism in urban areas is driving real estate development by major developers. Restaurants, hotels, shopping malls, entertainment areas, offices, casinos, etc. are under construction.
Siem Reap and Sihanoukville have benefited greatly from the influx of tourists. Land prices are on the rise and more buildings are being built. In addition, Kep and Kampot attract a large number of tourists every year and are currently attracting attention from investors.
Problems in the Cambodian real estate market
Cambodian real estate faces several challenges regarding land management policies and construction laws. A general problem is infrastructure such as roads, bridges, electricity, waste disposal, water supply and sewerage. However, the government has taken a proactive stance to address these issues and improve the investment climate.
Cambodia investment environment in 2019
This time, we have introduced the views of Realestate.com.kh, a major real estate trading company.
We also published an article on the investment environment of Cambodia's economy in general in 2019.
I would appreciate it if you could refer to this as well.
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