Reasons Why Invest In Cambodia Property
Phnom Penh as the capital of Cambodia had attracted about $3.5 billion in foreign direct investment (FDI) last year, an increase of nearly 12 per cent over 2018 with Chinese investors who accounted for half of the investments in to the city. These are some of the reasons why had larger number of foreign direct investments and funds invested in Cambodia and why more FDI and funds are following suit:
- First Mover Advantage – China’s Pan Asia Rail System
Emerging market in the ASEAN region and city of Phnom Penh had already been earmarked as on of the city to have a station for China’s Pan Asia Rail system or the greatly know “One Road One Belt” initiative.
2. Strong GDP Growth – GDP growth rate at 7% for the last 3 years.
The Gross Domestic Product (GDP) in Cambodia was worth 23.80 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics.
3. Growing Tourism – Cambodia’s ambitious tourism plans
Cambodian Prime Minister Hun Sen claimed that the number of tourists visiting Cambodia had increased substantially over the years and now the country is expecting 12 million tourists by 2025.
4. Cambodia – ASEAN Free Trade Agreement from 2015
Cambodia added into ASEAN Free Trade Area with almost 80 percent of their products having been moved into their respective free trading category.
5. Cambodia’s Political Stability
Cambodia: Political stability index (-2.5 weak; 2.5 strong)For that indicator, The World Bank provides data for Cambodia from 1996 to 2018. The average value for Cambodia during that period was -0.37 points with a minimum of -1.26 points in 1998 and a maximum of 0.21 points in 2016. The latest value from 2018 is 0.11 points. For comparison, the world average in 2018 based on 195 countries is -0.05 points.
6. Dollarized Economy – USD$ a stable currency
The US-China trade war has been one of the biggest influences on the global economic picture in recent months, which is no surprise given it involves the world’s two largest financial powers.
Cambodia has benefited from aspects of the conflict, with China increasing its reliance on the nation as a trading base. An eventual resolution may provide a long-term platform for Cambodia to develop its power as an exporter, with a weaker US dollar consequently improving the purchasing power of several other nations. Cambodia may also benefit from trade relations with a revitalized Chinese economy.
Overview on – Why Invest In Cambodia Property
Beside the above mentioned points on reasons for investing in Cambodia property. There are potentiated benefits on property investment in Cambodia:-
- Freehold Ownership for Foreigners.
- Business Opportunities
- Potential Currency Gains from USD$
- Low Entry Price
- Low Price Quantum
- Strong Potential Capital Growth Gains
- No Captial Gains Tax for purchase under individuals
- Low Property Tax Cost
- Low Holding Cost
- Potentially High Returns
- Established Singapore’s Developers and Property Management.
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