Introduction
Despite the economic unpredictability brought on by the global epidemic, several experts expressed hope about the real estate market of Cambodia, saying that investors also may profit from mildly low investment, specifically in areas that have seen a steadily developing and showing promising returns.
Cambodia’s real estate market still has massive potential and reasonably low pricing for investment than the neighboring nations, as remarked during the 23rd ASEAN Valuers Association Congress in Cambodia in November 2021.
The Best Place To Relocate
Tying with Bolivia, Cambodia is the world’s third-cheapest option to stay in 2022, as per the International Living (IL) Annual Global Retirement Index. The capital of Cambodia is a thriving metropolis full of high-end restaurants, shops, skyscrapers, and an improved healthcare system, due to its flourishing economy.
While Phnom Penh is the most costly city in Cambodia, you could still stay comfortably for a quarter of what you would pay anywhere else. Rent may vary from below 500 USD for low-cost residences to more than 1,500 USD monthly for high-end flats.
Also, smaller cities and towns, such as Battambang, the country’s second-largest city, located in the northwest portion near the Thai border, have rents beginning from 225 USD.
Cambodia has a low cost of living, rendering it among the most attractive nations for families and individuals wishing to relocate. It costs between 1,150 USD to 1,900 USD for an expat pair and a third little for individual expats.
Luring Market For Reas Estate Investors
With the economy improving, firms resuming full-time operations, and vaccination campaigns in full force, builders and developers have announced their strategies of raising rates over the next year.
Investing In Thriving Communities Or Localities
Siem Reap, with its cultural traveler destinations, Preak Sihanouk region, which would be established to be a Special Economic Zone (SEZ) of Model Multi-Purpose, Kandal region, including its upcoming major development projects and the new airport, Svay Rieng province’s Bavet town, that borders Vietnam, and Banteay Meanchey region’s Poipet town, that borders Thailand, are all prospective real estate investment zones. The capital, Phnom Penh, is on the top list, with many developments.
Also, because of its vicinity to upcoming locations such as Meanchey and Chbar Ampov and the Daun Penh and Central Business Districts of BKK1, the Khmer Times titled Chamkarmon the most sought area in the city in 2021.
A few properties to invest in Siem Reap are the following:
- Four bedrooms villa with pool to invest in Svay Dangkum, Siem Reap at 545,000 USD.
- Five bedroom wooden house to invest in Sala Kamreuk, Siem Reap at 470,000 USD.
- Residential land of 1956 sqm to invest in Wat Bo, Siem Reap for 1,017,127 (520 USD per sqm).
- Commercial Land of 192 sqm to invest in Wat Damnak, Siem Reap for 500,000 USD.
A few properties to invest in Phnom Penh are the following:
- 8106 sqm land to invest in Tuol Sangke, Phnom Penh for 15,000,000 USD (1,900 USD per sqm).
- Two-bedroom Condo to invest in Urban Loft, Sen Sok, Phnom Penh for 230,000 USD.
Units Of Higher Quality In Rising Demand
While the local residential market would see very few releases in 2022 to utilize excess supply apartments, home purchasers’ needs will move to more innovative, greater-quality units.
To meet this need, builders will step back from the increased rivalry in the mid-range category in 2022 and concentrate their efforts on creating higher-quality projects with a significant distinction.
A few units of higher quality across Cambodia are as follows:
- Three bedroom Jaya 2 A unit with rooftop to invest in Angkor Grace Residence and Wellness Resort, Siem Reap for 226,000 USD.
- Seven bedrooms luxury villa with guest apartments to invest in Sangkat, Siem Reap for 1,600,000 USD.
- Riverfront property of 6186 sqm to invest in Kampot Province for 1,850,000 USD (299 USD per sqm).
- Two-storey blooming design villa to invest in Sala Kamreuk, Siem Reap for 185,000 USD.
Rising Local Investors
Due to the closure of border crossings, builders were forced to rethink their marketing and sales techniques to cater to the demands of local purchasers, which included reducing costs.
Due to the epidemic, there were no international investors; however, they do have an increased number of Cambodian purchasers numbers willing to acquire assets below market price, notably boreys, landed properties, and lands are the following:
- 5,758 sqm land to invest in Dangkor, Phnom Penh for 1,800,000 USD (320 USD per sqm.
- 1890 sqm residential land to invest in Sambour, Siem Ream for 207,900 USD (110 USD per sqm).
Conclusion
Considering the impending price increase, analysts think that the real estate marketplace is still in the purchasers’ favor, urging them to purchase now as much as the prospective developer has a strong track record of property pricing and management.
Competition aids the added value of a product. The economy will be more stabilized and far less susceptible to danger now that condominiums are more available to Cambodians, not only foreigners and expats. So, you may contact IPS Cambodia and get the best property at the best prices.