Having harnessed the attention of residential investors for at least the last three years, Cambodia’s construction boom continues without any signs of dwindling.
Until a slowdown evident over the last 12 months, developers had been particularly active in Cambodia’s condominium sector and CBRE sees signs of a resurgence in this side of the market.
“The beginning of economic recovery in China has proved positive for Cambodia, with investors beginning to return to both Sihanoukville and Phnom Penh. While the global travel restrictions are causing delays, it seems international interest has begun to return,” the firm notes in its Q2 market report.
In the opinion of Reid Kirchenbauer, founder of Invest Asian, property is one of the best ways to profit from Cambodia’s “unparalleled” economic growth since the Khmer Rouge were stopped more than 40 years ago.
“Cambodia has not suffered much of a recession in many years,” Kirchenbauer notes in a report. “It skipped the Asian Financial Crisis of the 1990s, ignored the tech bubble of the early 2000s and even outgrew the 2008 financial crisis.”