Phnom Penh The last five years have increased in the real estate sector, especially in high-rise buildings, including condominiums, apartment buildings and large commercial buildings. Millions of large-scale buildings are continuing to be built along the main thoroughfares of Phnom Penh, especially in Khan Chamkarmon, Sangkat Tonle Bassac and Chroy Changva.
Hem Seiha, director of research at VTrust Appraisal, pointed to local factors, "Real estate in Phnom Penh is growing because of the increasing influx of citizens, making the distribution even bigger. Particularly for the increase in the population, for example, about 10 years ago, some of the cities in the town seemed to be silent, but now there are more people in demand than homes and buildings. "
"The growth of the city continues to grow," he said, adding that "more and more people want to come to Phnom Penh, bringing more rapid growth to the real estate market."
Mr. Seng Seap, CEO of Key Real Estate, said, "After the 2008 real estate crisis, the sector recovered in 2012. And it is getting bigger in 2015 and early 2016, when Cambodia is ready to join the ASEAN Economic Community, and the Cambodian market will play just 14 million, 600 million, so entrepreneurs will invest more. "
Phnom Penh's major projects are designed to meet diverse needs in the future because of large meetings, apartment blocks, offices for foreigners and the needs of local businesses. And if the economy and the political situation are still good, the real estate sector continues to grow.
He added that Cambodia has great potential, has a lot of young workers, much of its labor force and low real estate prices, compared with 10 major Asian countries, and has pushed the real estate industry in Cambodia to grow remarkably.
"Although property transactions seem to be sluggish today, building projects in Phnom Penh remain strong, with investors from major countries, especially China, number one, followed by Korea, Japan, Singapore and Thailand." Mr. Serge added.
He stressed that China's main reason for investing was because Chinese investors follow the foreign policy because the relations between Cambodia and China have improved, especially the government of China, which has a bank to provide 50% investment capital to investors on various projects. These are the main buildings where Chinese investment finishes construction as planned on a regular basis.