Housing
In the last 5 years, more than 3,500 construction projects, totalling $6 billion saw the positive trends in Cambodia’s housing market continue. 90% of these construction projects were backed by Asian investors.
Making up the majority of construction projects: housing condominiums and other more affordable housing options create better, more affordable living opportunities for locals and therefore comprise 82% of all construction projects in 2018. This trend looks likely to continue over the next decade.
According to reports, more gated communities will be built in the year 2020, as well as moreapartments and houses in order to meet the high demand caused by increasing interest from neighbouring countries like Japan, Singapore and Korea. This has led to overcrowding in certain urban areas.
The overcrowding does however create plenty of real estate opportunities for potential investors, particularly in light of Cambodia’s steadily increasing population (estimated at 16.6 million as of January 2020). Land can be purchased at a very reasonable price and with local principalities keen to meet housing demands, negotiations and permissions fall favourable towards investors regardless of their origin.