The Kingdom of Wonder showers its tourists and locals with many gems. But in the recent decade, a particular gem continues to be a highly sought out. This gem lies within the real estate market. Owning property in Cambodia has become a profitable investment for foreigners and locals alike, whether it be commercial or residential real estate. There are multiple methods in which an expat can purchase property here in Cambodia, which is explained at How To Buy Property in Cambodia.
With the abundance of business opportunities available in this country, expats continually move to Cambodia and make it their permanent residence. Whether it be employment at schools, NGOs, the embassy or even to open their own medical practice—there are expats frequently looking for a place to rent/buy, be it living there or for their business. This makes owning property in Cambodia extremely attractive, as there will be customers consistently seeking out an estate.
Cambodia’s capital city, Phnom Penh, is where many expats tend to reside. In Phnom Penh, there are various well-known districts; owning property in Cambodia is particularly profitable if it boasts a stellar location. Popular districts include: Chamkarmon, Toul Kork, Daun Penh, 7 Makara, etc. Boeung Keng Kang 1 (BKK1) in Chamkarmon, being one of the most expensive and popular districts as of right now, is considered the central business district. Its growth is visible with more and more luxury residences and skyscrapers being built. Its central location makes it popular amongst expats as well, as it provides accessibility to food and beverages, markets, and more.
Owning property in Cambodia will continue to be a profitable investment opportunity as the real estate market is currently booming. But before deciding to invest and own any property, it’s important to do your due diligence on the area prior to any purchase. The experts are Knight Frank Cambodia are well-aware of the up-and-coming districts, and what area is most suitable for your preference—be it landed housing, serviced apartments, etc.
For more information on owning property in Cambodia just contact our experienced real estate agents at +855 23 966 878 or by email via enquiry@kh.knightfrank.com.