Cambodia Finds New Target for Real Estate: Chinese Investors
- 6 years ago
Cambodia Finds New Target for Real Estate: Chinese Investors
is a substantial portion of property investment in Phnom Penh.”
Another major selling point for Chinese buyers — one
that features prominently in marketing materials for many real estate developments — is that Cambodia is a key participant in One Belt, One Road, an infrastructure initiative from President Xi Jinping of China that is harnessing hundreds of billions of dollars in state and private investment to bring Southeast Asia, Central Asia, Europe and other regions closer to China.
In 2017, 3,488 high-end residential units were added to the existing supply in Phnom
Penh, he said, adding, “We forecast an additional 15,688 units to complete in 2018.”
One of the largest companies vying for Chinese investors is the Prince Real Estate Group.
“Historically, Chinese investment in Cambodia has mainly been in infrastructure,” Ross Wheble, the
country manager for Cambodia for the real estate consultant Knight Frank, said in an email.
PHNOM PENH, Cambodia — To sell real estate in Cambodia, agents are brushing up on their Mandarin.
Outside the firm’s showroom, shuttle buses stand ready to transport prospective buyers to Prince Central Plaza, while sales agents fluent in Mandarin
wait to show off model units, which sell for $2,600 a square meter on lower levels and up to $4,000 a square meter for penthouse units.
Cambodia offers rapid economic growth, a young population and good returns on investment, but there are other reasons
that the Phnom Penh property market appeals to Chinese investors, including China’s mounting debt.
is a substantial portion of property investment in Phnom Penh.”
Another major selling point for Chinese buyers — one
that features prominently in marketing materials for many real estate developments — is that Cambodia is a key participant in One Belt, One Road, an infrastructure initiative from President Xi Jinping of China that is harnessing hundreds of billions of dollars in state and private investment to bring Southeast Asia, Central Asia, Europe and other regions closer to China.
In 2017, 3,488 high-end residential units were added to the existing supply in Phnom
Penh, he said, adding, “We forecast an additional 15,688 units to complete in 2018.”
One of the largest companies vying for Chinese investors is the Prince Real Estate Group.
“Historically, Chinese investment in Cambodia has mainly been in infrastructure,” Ross Wheble, the
country manager for Cambodia for the real estate consultant Knight Frank, said in an email.
PHNOM PENH, Cambodia — To sell real estate in Cambodia, agents are brushing up on their Mandarin.
Outside the firm’s showroom, shuttle buses stand ready to transport prospective buyers to Prince Central Plaza, while sales agents fluent in Mandarin
wait to show off model units, which sell for $2,600 a square meter on lower levels and up to $4,000 a square meter for penthouse units.
Cambodia offers rapid economic growth, a young population and good returns on investment, but there are other reasons
that the Phnom Penh property market appeals to Chinese investors, including China’s mounting debt.