Buying a property overseas 海外置業 in Cambodia is not the investment advice you usually hear. But that's exactly why Cambodian overseas property has such a huge potential. Profit by investing in markets not yet occupied by foreign capital and large investment firms.
The Potential of Overseas Property Ownership in Cambodia
News outlets like Bloomberg or CNBC don’t talk too much about Cambodian real estate and buying properties overseas 柬埔寨海外置業. This is a very good thing. Others haven't even discovered the potential of Cambodia, whose gross domestic product is climbing by more than 7 percent a year.
Cambodia's overall economy relies on internal factors, such as urbanization rates and population growth, rather than the whims of the global economy. Anyone visiting Phnom Penh can clearly see the rising middle class. Buy a property for just over ,000 per sqm in central Phnom Penh, Cambodia. That's about the same price as far less developed capital cities like Karachi, Pakistan and Dhaka, Bangladesh. New roads, ports and other types of infrastructure are being built across the country. The process of economic diversification continues. Large multinational corporations are opening stores and hiring expatriates at high salaries, driven by low taxes and business benefits.
Cambodia overseas real estate area: Poipet
Poipet is similar to Battambang due to its proximity to the Thai border. Although Poipet is a second-tier city, it is now set to benefit from continued regional trade and urbanization. But beware, gambling in Poipet's economy goes far beyond agriculture and markets. Gambling at the Thai border is illegal, however many Thais want to gamble, and Poipet, a city fairly close to Bangkok, may be meeting the needs of both. In addition, more and more Chinese tourists are choosing Cambodia instead of Macau to travel, which is another great boon for Poipet's economy.
Poipet's city boundaries also continue to expand as the population grows. Real estate investments 柬埔寨買海外樓 located on the edge of the core of Poipet Centre have the opportunity to appreciate in value and perform well for long-term overseas purchases. Poipet also has many apartments and houses in the suburbs north/northeast of the city center. Many of these can be a good investment if you're willing to pay attention and stay in management.
How to do a renovation job in Cambodia
The best way to make money from overseas property 買海外樓 and real estate 海外置業 in Cambodia is usually to buy an unfurnished shophouse apartment and then spend money to restore it and bring it to modern standards. If you are planning to renovate, you need a contractor. Understand that it is sometimes difficult to find honest contractors in developed countries, let alone in frontier markets.
Contractors in developing Asia may not always meet international standards, and most may just want to blackmail you. It is therefore crucial to have a referral and local contact to find quality contractors. Honest and fair contractors exist in Cambodia. Locals typically want to save 3% on agency fees without using a real estate agent. But you absolutely have to meet the right people and understand the local market.
Please note that if you are buying property overseas in Cambodia, buying the upper floors of a shophouse apartment, you will own the roof of the building and have the right to furnish it.
more：