In recent years, Cambodia's economic development is in full swing, real estate is also keep thriving.A large number of foreigners go to Cambodia for work and tour,which is forming a strong demand for housing and renting in the there. More and more buyers prefer to buy a house in Cambodia, no matter is out of self-occupation or investment is very Good choice.The hottest city for buying a house in Cambodia is Phnom Penh capitals, then Sihanoukville and Siem Reap. What are the advantages and features of the real estate market in these places? Let us analyze it:
Realty in Phnom Penh Recommend:★★★★★
Phnom Penh is the capital of Cambodia and the largest city in Cambodia. It is the political, economic, cultural, transportation, trade, religious and various centers of Cambodia. Government departments, embassies in various countries, foreign institutions in Cambodia and the most important hotels and business centers are gathered in Phnom Penh. In recent years, the population of Phnom Penh has grown at an average annual rate of 2.97%, ranking third place in major cities around the world, and is also very popular among tourists around the world. Vocation destination. Phnom Penh Airport has non stop flights to major cities, thus transportation are convenient.
Phnom Penh is alike the Shenzhen 15 years ago. Since the 21st century, Phnom Penh has become international city instead of ancient small city.International bank, all embassies, foreign companies, keep blooming in here. There are millions foreigners who had working in Phnom Penh. With the development of economy, there are great housing shortage exists.
Price of housing
The core area of Phnom Penh ranges from 2000-3000 USD/m2 with hardcover. In the past two years, housing prices and land prices in Phnom Penh keeping soared, with an average price increase of 15% and a land price increase of 17%. The monthly rent is 500-1000 US dollars, and the annual average return rate is 7-10%.
The price of 1 square meter in the commercial area (each main road area) is between 5,000 and 7,000 US dollars. For residential areas, such as the Tuol Kouk, the price of 1 square meter is 1,500 to 2,500 US dollars. area (BKK), the price of 1 square meter is 4,000 to 5,000 US dollars.
Advantages: Convenient transportation, economic center, dense population, better tenants, higher rents, faster housing prices
Sihanoukville Recommed :★★★☆☆
SihanoukVille located in southwest seashore line of Cambodia, named by Prince Sihanouk. This is the biggest harbour, the second largest city, the only financial zone in Cambodia. It is like the Shenzhen province in China.
The unique natural scenery and beaches has been praised by the world. It is a famous tourist resort. The tourism industry is developed. Its scenery and beaches are no less than Maldives and Palau. The low consumption and it is very suitable for the elderly. Sihanoukville has become the first choice for many vacationers. The airport has non stop flights to some cities in China.
Price of housing
The average price of newly renovated apartments in Sihanouk Vile is 2,000 US dollars per square meter. The tenants are mainly foreign tourists who are pensioners and vacationers. The common one-bedroom apartment is about $80,000, and the monthly rent is about $2,000. The annual rental return is beyond imagination.
Price of land
Nowadays, there would be 700USD to 2000USD per square meter in the main road
\ area. And the land which is close to the beach is about 1000-2000USD per square meters.
Advantages: Convenient scenic environment suitable for living increasing house price
Disadvantages: high price
Siem Reap Recommend:★★★★☆
Siem Reap is the provincial capital of Cambodia's Siem Reap province, 311 km from Phnom Penh and only 152 km from the Thai border, with a population of approximately 85,000.
years, the rapid development of tourism in Siem Reap has benefited from the
gateway to Angkor, one of the Seven Wonders of the World. Siem Reap is the only
and important stopover for visiting Angkor's monuments. It has been a hundred
Angkor Wat is a general term for the Angkor monuments. This is a complete city of palaces, temples, gardens, castles, the capital of the Khmer kingdom, and Angkor attracts tourists from all over the world. Compared with Phnom Penh, it is quiet and safe. It is a nice choice for living, and the living cost is not too high.
There are not many new houses in Siem Reap. Most of the property types are in the form of international resort hotel. The furniture is decorated with furniture.Price of housing is about 2000USD per square meter, rental of hotel is bout 1000 USD per month.
Price of land
From 2000USD to 3000 USD per square meter in commercial area,From500 USD to 800 USD in residential area.
Advantages: Scenic view less developed
Disadvantages: less convenient in transportation