Cambodia’s real estate sector main target for Chinese investment

• May 17, 2022

Experts say the real estate sector will once again be a priority destination for Chinese investment after Cambodia regained control of the Covid-19 situation and resumed socio-economic normalization.

Chrek Soknim, President of the Cambodian Valuers and Estate Agents Association (CVEA), said on May 16 that Chinese investors may look to Cambodia for more investment in the construction sector, with more investment possible in Preah Sihanouk, Phnom Penh and some other potential provinces. It is expected that more investment projects will be planned by the end of this year, as the situation of Covid-19 cases in China has not improved much.

Soknim said that China has not announced a full economic recovery like in Cambodia, which led some Chinese investors to wait. Cambodia is still able to attract more investment from many of its existing investment partners, not just the Chinese investment market.

The CVEA President emphasized that if we look at the real estate situation in our local market, the real estate situation is gradually recovering, such as the purchase of land, Borey and condominiums. Most of these buyers and sellers are local investors.

Catherine Chan, Founder and Chief Executive Officer of Urban Village & Factory Phnom Penh Condo Project, said that due to the Royal Government of Cambodia’s rapid reopening of the country, the situation of the condominium construction sector in the Cambodian market seems to be reviving.

According to official reports, since Cambodia suffered from Covid-19, Chinese investment in the construction sector fell by 50 percent due to the absence of Chinese investors to invest in this sector.

Source: https://www.khmertimeskh.com/501076977/cambodias-real-estate-sector-main-target-for-chinese-investment/