Private residential property in Cambodia attracting foreign investors

Private residential property in Cambodia is being seen by some investors as relatively cheap, with potential for attractive returns. Industry players believe these factors are the main draw for foreign buyers, looking to grow their money in Cambodia. Keuk Narin, vice president of Asia Real Estate Cambodia said: “If you compare with other countries, like Malaysia, Singapore, Thailand, I think it’s very challenging to invest in property. “If we invest in property, like US$20,000, to buy property in Thailand, it might not be in the city centre but if you invest in Phnom Penh, it will be in the city centre and as for the value, it will be different. The capital growth is still high. And also in the city centre, in Phnom Penh especially, for the properties like condominiums, they are very good for renting. Even those like the investment, in terms of the investment it’s still very limited, five to six per cent, but there’s still room for growth.” Market watchers say returns on property investment could reach up to 8 per cent this year, up from just 3 per cent five years ago. …

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