It is now clear that, in the next few years, Cambodia’s property market will be robust enough to compete with other ASEAN urban centres.
The sector has ridden a massive wave of foreign investment, mostly from China. And there seems to be no foreseeable limit to this growth, despite the impact of COVID-19.
With more and more Cambodians emerging from poverty by this economic juggernaut, demand for properties is also growing. To meet this demand, there is constant supply of condos, apartments, borey units and other residential units.
Despite predictions of a property market crash, industry leaders generally feel Cambodia is headed in the right direction. The next 5 years, growth in the property sector is expected to be mainly in condo and borey developments, supported by direct foreign investment, rising land prices and a relatively stable political environment.