Cambodia continues to be in the Top 10 Fastest Growing Countries in the World, driven by real estate, garment exports and tourism. Cambodia’s economy has sustained an average growth rate of 8% between 1998 and 2019.Rental yield in Phnom Penh is the third highest in Asia and Cambodia real estate property prices is among the lowest in Southeast Asian countries. Combined income increase of Cambodians and the stable economic environment for foreign investors paves the way for a strong 2020.
Cambodia’s ties with China, japan will continue to attract investor for investments in hotels, casinos, condominiums and residential properties. Two new airports in Sihanoukville and Siem Reap completed already so the real estate demand has been boosted for the good communication. Experts believe that residential investments are very promising and “safe bet” to say the least.
The most noticeable development in Sihanoukville real estate is predicted to continue unabated throughout 2020.
Cambodia real estate development has been continued to develop with commercial buildings, Hotel, condominium, apartment complexes being built in all population centers around the country. The high growth in the Cambodian property sector has been noticeable short of phenomenal, with city skylines now transformed by high rise apartment and commercial buildings.
Comparative economic forecasts for Southeast Asian countries (World Bank Report)
Cambodia has been selected as a frontier market. Frontier markets is known as pre-emerging markets, are countries that are more developed than the least developed countries but still less developed than the emerging markets. In contrast to many established countries, frontier markets have a young, growing population that contributes to a developing workforce and additional domestic consumption.
Frontier markets is the great opportunity for interesting investment opportunities for long-term investors and offers potential for major growth and development in a few years’ time. With 50% people of the Cambodian estimated to be below the 30’s age bracket, the country is seen as a young nation moving towards rapid growth, and as such, is a significant area for long term investment opportunities.
Cambodia’s Sustained Economic Development.Real Estate market news in Cambodia
Cambodia has already experienced two decades of very strong economic growth, averaging 7.6% Gross Domestic Product (GDP) from 1994 to 2015 and 7.6% from 2018 onward. This ranks Cambodia as the second fastest growing economy in the sought Asia country during the past 21 years. This phenomenal growth transformed Cambodia from one of the world’s poorest countries to a lower middle-income country by 2016.https://www.propertyarea.asia/real-estate-market-news-in-cambodia/