Introduction of new projects
Phnom Penh Central City is located in Phnom Penh, the capital of Cambodia, an emerging Southeast Asian country.
Cambodia, a Southeast Asian hub country under the “Belt and Road” initiative, enjoys the title of “Asia’s New Tiger”. After the “Asian Four Little Dragons and Four Little Tigers”, the country has the fastest economic growth in Asia, with GDP growth exceeding 7% for 9 consecutive years. In 2019, it even led Southeast Asia with 7.1%.
Phnom Penh, both the capital and the country's largest city, relies on urbanization and national development dividends to make its real estate extremely valuable for investment. From 2018 to 2019, it ranked among the top 50 in the "Hurun Overseas Property Investment Return Index" for two consecutive years. In 2018, it ranked first with a comprehensive investment return rate of 29.4%, with house prices rising as high as 16.7%. Phnom Penh real estate is unique with its US dollar assets and freehold property rights.
Phnom Penh is in a period of explosive housing demand. Cambodia is the youngest country in the world. The average age of its citizens is only 27 years old. The population under 34 years old accounts for 70% of the population. The trend of buying homes and homes for the younger generation is on the horizon.
The central city of Phnom Penh aims at the residential upgrading needs of the younger generation and brings China's advanced garden-style residential community concept to Phnom Penh. The community scale of about 560,000 square meters, with commercial streets, high-end clubs and a large community garden of about 30,000 square meters, is a rare large-scale garden residential community in Phnom Penh, in sharp contrast with the local traditional townhouses and single apartment buildings. The products cover 38~130㎡ with one bedroom and two halls, two bedrooms and two halls and three bedrooms and two halls, combined with the 50-70 meters of super-building spacing, it has become a popular real estate in Phnom Penh.
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