Investing in Cambodian Property: The Ultimate Guide

  • Looking at the frontier markets in Asia, Cambodia is undoubtedly the most open market for offshore buyers and business owners.

    This small country in the heart of Southeast Asia has experienced rapid economic growth since the fall of the Khmer Rouge more than 20 years ago. Cambodian real estate(海外置業) is the best way to profit from the country's unprecedented rise.

    Cambodia has not suffered a year of recession in her 20 years. Skipping the Asian financial crisis of the 1990s, ignoring the tech bubble of the early 2000s, and recently surpassing her 2008 financial crisis.

    No country is in recession, but Cambodia is approaching a recession. The reason is that, like many frontier markets, Cambodia is less relevant to the global economy.

    In the 21st century, almost all countries are dependent on other countries. When China, America and Europe get sick, so do the rest of the world.

    The rare exception, however, are frontier market economies, which are typically less dependent on foreign capital and offshore property buyers.

    Although Cambodia attracts the attention of most investors, it is changing rapidly. Multinational companies such as Samsung, Nike and Toyota operate in Phnom Penh, Cambodia's bustling capital.

    Foreign investment activity in Cambodia has increased by more than 800% over the past decade, and it seems that the country is just getting started.

    The manufacturing industry is also growing strongly. Especially because labor costs are low compared to China which is too expensive for the industry. Clearly, these factors are good for Cambodian real estate prices and the country's economy as a whole.

    Recognizing the potential of Cambodia, investment is pouring in. But there is a problem. High-paying expats often earn hundreds of thousands of dollars in salaries from international companies and struggle to find apartments that meet their standards.

    Parts of central Phnom Penh, especially Midwest areas such as Daung Pen, Champagne and Makara 7, lack quality housing for foreigners.

    This means you can buy an old condo, renovate it, rent it or resell it.

    Even in the 2020s, buying a Kangai house for $50,000 and investing in a $20,000 renovation could still make him worth $100,000 or more on the resale market.

    Meanwhile, activity, construction and growth are currently taking place with Cambodia's growing middle class, such as Kampot and Sihanoukville.

    Foreign investment in these second-tier cities is almost nil, which will inevitably occur over the next decade.The starting line-up is always in the best position.

    Anyway, Cambodia is he one of the most exciting and undiscovered real estate investment locations in Asia.

     

    Is buying property in Cambodia a good investment?

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