Cambodia has undergone a drastic change from an under developed country to a widely urbanized Kingdom due to massive developments and improvements in the different sectors.
The contributing factors to this growth are mainly the government’s pro-business policies which leads to the influx of foreign investors in the different business sectors such as;
- Offices / Commercial Market
- Residential & Housing Market
- Retail Market
- Industrial Market
- Agricultural Market
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
https://en.wikipedia.org/wiki/Phnom_Penh
13 Reasons To Invest In Cambodia Property
1. STRONG GDP Growth
2. Young & Inexpensive workforce
- Among Asia lowest work force
- Abundance of willing and trainable work force
- Rising literacy rate has surpass 75%
3. Prime location in one of the fastest growing region in the world
- Sandwiched between 2 larger, more developed economics (Thailand & Vietnam) facilitating economic spillover
- Midway between china and India
- Along the Gulf of Thailand providing the country with ease of access to maritime trade
4. Rising productivity
(source)
5. Stable politics
- Prime Minster has held power since 1985
- Several minsters are also long serving and experience
6. Pro-Business government and favorable investment climate
- 100% Foreign ownership, except land
- Attractive investment incentives
- No Capital Gain Tax
7. Increasing trade integration
- WTO member since 2004
- ASEAN membership offers regional trade benefits
- Duty free or preferential export access to most developed economies
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
9. Lower costs in telecoms and internet
- Hyper-competition in mobile and internet sectors has cut user costs
- New hydropower and coal-fired power plants underway will replace oil-based generation and cut energy costs
10. Untapped natural resources and land
- Fertile land for production and processing of agricultural commodities
- Aquaculture and livestock farming and processing potential
- Abundant mineral deposits await mining
- Off-shore oil and gas reserves
- World-class tourism sites (beaches, islands, history, culture, nature)
11. Under-Penetrated, growing domestic consumer market
- Exceptionally youthful demographics ensures rising domestic demand (61% of Cambodians are under 25 years old; median age: 21)
- Workforce participation, household formation, and urbanization will all show robust growth over the next decade
- Per capita GDP and purchasing power has more than doubled over the past decade and will continue to rise
- Emerging import substitution opportunities in various industries
Exchange Rate & Foreign Exchange Reserve
(source)
12. Un-leveraged financial position
- Relatively low levels of sovereign, corporate, and consumer debt
- Well capitalized, conservative banking system
- No tradition of government bailouts and subsidies (Surprisingly rare in today’s world)
13. Last Frontier Market
- Cambodia is probably the LAST investment frontier market in the region. Enjoy the 1st mover’s advantage when you get started right now.
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