Cambodia is the country in Southeast Asia. The country is 181,035 square kilometers in area. When it comes to investments, Cambodia is considered as one of the best countries. The reason is its constant growth in the economy.
The economy of Cambodia is doing great for many years now. It has been one of the favorite places for investment now. Over the past two decades, we have seen excellent growth in the GDP (Gross Domestic Product) of Cambodia. In the year 1995, its GDP was $2.92 billion. This figure increased now, and it is expected to reach $27 billion in 2020. The Cambodian economy has averaged growth of over 7% for the past decade.
That’s not it. Cambodia has passed three major recessions. On the one side, countries all over the world were affected so much due to the downturn. Cambodia was the country that was thriving even during the global recession. In fact, its GDP was positive during the recession.
The consistent rise in GDP and Cambodia’s economy attracts foreign investors to invest in various sectors like real estate, restaurants, local businesses, etc. If you want to invest in this country, you should invest in top cities like Phnom Penh, Sihanoukville, and Siem Reap. Cambodian cities like Sihanoukville and Siem Reap attract investors with their growth in tourist arrivals.
Sihanoukville used to be a silent coastal town in southern Cambodia. It has quiet and cost beaches. It is the largest city of Cambodia, after Phnom Penh. The atmosphere of Sihanoukville attracts individual travelers, families, and backpackers. Earlier, the place which used to be silent, now it’s flooded with Chinese investors.
Due to the increase in investment, the price for real estate in Sihanoukville increased. The majority of Sihanoukville property and businesses are run by foreign investors, especially Chinese. It has Chinese-run hotels, apartment towers, restaurants, etc.
If we look at recent tourism data, we can see that it has been increased amazingly. Between the years 2012 to 2017, tourism grew by more than 700%. Last year, Cambodia had a total number of 6.2 million visitors. Out of these visitors, Chinese tourists account for one-third. From this data, we can get an idea about how Chinese investors and Chinese investment in Cambodia and its top cities (Sihanoukville, Phnom Penh, etc.) are increasing.
With the increase in the number of visitors in various cities of Cambodia, the prices of properties also started to increase.
Deep Water Port
Around 90% of imports and exports by the sea in Cambodia go through Sihanoukville port. Cambodia’s Minister for Public Works and Transport Sun Chanthol said that Sihanoukville port could reach 700,000 containers in 2020 and 1 million containers in 2023.
Sihanoukville is a beautiful port city. The city has vast resources for tourism. Due to the appealing atmosphere of Sihanoukville, the number of international tourists and investors started to increase.
Investment in Sihanoukville
Sihanoukville is an attractive destination for tourists. Sihanoukville and other cities of Cambodia has so many Chinese-run hotels, restaurants, and businesses. If you want to make an investment in real estate in Cambodia, Sihanoukville could be the right choice.
If you are planning to invest in Sihanoukville real estate, Dragon Real Estate can help you. We are the top real estate agency in Cambodia. We can help you find apartments, villas, condos, commercial properties, or any other property for rent/sale in Cambodia.