Is Cambodia's new project worth buying? Let us have a look.

At present, most of the newly built project in Cambodia are single-building project with various sizes, with the popular floor type is small units with fine decoration and home appliances. Small units price is not so expensive.

However, as Cambodia's urban development has just begun, infrastructure facilities need to be improved. The external facilities of the single building are weak, there are few large shopping malls, hospitals and schools and transportation is not very convenient. In order to solve this problem, the developers are equipped with swimming pools, gyms, clubs and other facilities inside the single building, so that the owners can enjoy high-quality life without going out of the building.

There are advantages and disadvantages of single building project.

Advantages

1. Small size. Single-building project in Cambodia have different sizes, but most of them are mainly small units. They are furnished with appliances. Usually investor would buy it out of investment purpose.

2. Great investment potential and high rate of return. Cambodia ’s real estate investment returns are high, and apartment investment prospects are very good. Phnom Penh ’s housing prices and average increase have reached 15%, and real estate rental returns are 8% -10%. Cambodia be named as a potential investment country.

3. Short construction time and fast delivery. A single building is calculated based on the normal project progress, and it can be basically completed within two years without worrying about developers delaying delivery.

4. Get the certificate early, and the risk is less. The final process of buying housing in Cambodia is to hand over the house for inspection and apply for a hard title property right certificate. The processing cycle is about 3-6 months. More faster to obtaining the property right certificate, less risk for investors.

Disadvantages

1. Single building project with little greening. The individual building is a single building, which is a road when you go out. There is no green area and no public entertainment and leisure facilities.

2. Close the street, the noise is annoying. Most of the single buildings are near the road, and most of the buildings are located in downtown, so the street noise will inevitably.

3. Mixed use of business function and residence function, residence comfort level maybe affected. In order to promote sales and increase product diversification, most developers plan not only the residential part but also the commercial-residential office floor in the early design.

4. The project is small, and the property management service is doubtable. Single building are usually developed by small brand developers. Limited by capital and strength, quality will be discounted to some extent, and later property management service cannot be guaranteed.

Cambodia's real estate has the advantages of no foreign exchange control, freehold property rights, denominated in US dollars, and high return on investment. At this stage, the real estate market is dominated by investment, apartments with good locations, small units, and low total prices, which are favored by investors. The advantages and disadvantages of individual buildings are a phenomenon of urbanization in Cambodia and a stage of real estate development. In the future, with the development of the economy and the improvement of people's living standards in Cambodia, people are not only seeking housing, but also a livable environment. Large-scale communities with complete facilities must be the irreversible trend.

At present, for investors, housing must be determined according to their own needs. Investors need to seize opportunity in the Cambodian property market in order to obtain the maximum benefits.