10 reasons why you should invest in Cambodia Property
10 reasons why you should invest in Cambodia Property – The Evolution of Cambodia. Cambodia has undergo drastic change from an under developed country to a widely urbanized Kingdom with massive developments and improvements in Manufacturing, Real Estate, Tourism, Banking and Agriculture. Nowadays, when you visit Phnom Penh, the Capital of Cambodia, you will see a vastly different Cambodia, with Skyscrapers / High Rise Buildings shaping/dominating the skyline of Phnom Penh. Cambodia is also slated to build Asia’s tallest tower – Thai Boon Roong Twin Trade Center standing tall at 133 storey which will be a new icon for Phnom Penh.
General Facts on Cambodia
Capital City : Phnom Penh
Area : 181,035 km2
Population : Approximately 15 million (2.2 million in Phnom Penh)
GDP : Average 6% per annum for past decade
Key industries : Tourism, textile & garment, natural gas, agriculture, construction, timber
Currency : Riel (CR), US Dollar (US$)
US$1 = 4,000 KHR
Membership : UN, IMF, WTO, ASEAN
So here are 10 reasons why you should Invest in Cambodia Property;
1. Strong GDP Growth
Cambodia has posted on average 7.63 percent from 1994 until 2016, reaching an all time high of 13.30 percent in 2005. It is expected to grow at least 7 percent in 2017 and till 2020. The World Bank has recently officially revised the status of Cambodia, moving it up from the low-income bracket to lower-middle income bracket with the garment sector, construction, and services the main drivers of the economy.
2. Political Stability
Cambodia has enjoyed relatively political stability in recent years under the leadership of current Prime Minister Hun Sen. Several key ministers are also long-serving and experienced
3. Pro-Business government and favorable investment climate.
100% (70%) Foreign ownership, except land. Freehold. No Capital Tax Gain. No ABSD.
4. Largely “dollarized” economy.
Minimal foreign exchange risks and Stable monetary policy and fiscal responsibility.
5. Strong International Interest.
China has taken over from Korean as the largest investor in Cambodia, which has totaled $9.6 billion from 1994 to 2013 with manufacturing’s sector leading in FDI followed by Real Estate. And just recently, China has signed another 19 trade agreements with Cambodia to improve their agriculture, manufacturing, infrastructure and real estate sectors. China investors have also been snapped up Private Condominiums in Phnom Penh Cambodia.
6. Young & Inexpensive workforce
Among Asia lowest work force
Abundance of willing and trainable work force
Rising literacy rate has surpass 75%
7. Increasing trade integration
WTO member since 2004
ASEAN membership offers regional trade benefits
Duty free or preferential export access to most developed economies
- Part of China’s One Belt One Road Initiative
8. Improving transport connectivity
All key road and bridge links with neighboring countries have been or will soon be upgraded
Railroad system is being rehabilitated
Container sea port in Sihanoukville has been modernized and expanded
River port in Phnom Penh is being relocated and enlarged to better access
Vietnam’s new deep sea ports
Three international airports have been opened
- Part of China’s One Belt One Road initiative where billions of investment will be harnessed towards infrastructure and transport network
9. First Mover Advantage.
It is still early days as Cambodia continues to develop its Infrastructure, Economy, Property Market. Take advantage of the first mover advantage to invest and reap the benefits. Cambodia aims to become Middle Class Economy by 2030.
10. Capital Gain Potential and High Rental Yield
Property prices in Cambodia is still relatively low as compared to neighbouring countries within the same contingent. Super Luxury Condominiums in City Centre from just US$1xxk with progressive payment. Indicative Rental Yield for Residential: 7-8% and Indicative Rental Yield for Commercial: 8%-10%.
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