Phnom Penh Real Estate continues it’s growth unabated by Covid and a global housing downturn.
Phnom Penh, Cambodia. It’s been called the Pearl of Asia. Of course that was before the atrocity of the Khmer Rouge. Yet today, Phnom Penh, the capital and cultural heart of Cambodia, is enjoying a resurgence. One may even call it a sustained “boom”. Its strategically prime location at the center of Southeast Asia, between influential Thailand and a rapidly growing Vietnam, makes it an ideal location for corporate expansion. In fact, Ford Motors, 7-Eleven and others have recently announced expansion into Phnom Penh.
Where once very few buildings over three or stories tall stood, a plethora of skyscrapers dot the landscape. Real estate prices have followed the buildings’ upward trajectory, fueled by domestic and international real estate speculators and long-term investors alike. According to PhnomPenh.com, Cambodia is a top investment idea.
With a reliably attractive tourism industry (Angkor Wat is located in Cambodia’s Siem Reap, a few hours from Phnom Penh), and capital inflows from neighboring Vietnam and Singapore, and a good relationship with China, Cambodia has no shortage of suitors or investment interest.