Sihanoukville is the destination city for potential investors and tourists in Cambodia, and therefore the government has promoted the development and connection from Phnom Penh to Sihanoukville to facilitate investment and tourism.
Sihanoukville is renowned for real estate and tourism. If you are planning to invest money in Sihanoukville, real estate is the best option. Owning real estate property is very affordable in Cambodia as compared to expensive realty in China, Hong Kong and Singapore.
Out of different rapidly growing frontier Asian markets, real estate in Cambodia is perfect investment. The main reason why you should consider investing money in Sihanoukville real estate property is due to the country’s excellent economy. Cambodia has not suffered a single year of recession in the last 20 years. The country passed the 1990s Asian financial crisis, the 2000s tech bubble, the 2008 financial crisis, and Covid financial crisis masterfully.
Many giant companies have invested their money in Cambodia. Companies like Nike, Samsung, and Toyota are setting up their business operations in Cambodia. Over the past years foreign investment activities in Sihanoukville have been increased.
If you are a foreign citizen planning to invest in Sihanoukville, it is a great idea to invest your money in the real estate market. Hundreds of buildings have been built over the years ranging from villas, office buildings, and hotels to accommodate the growth of dwellers, businesses, and tourists.
In 2018, about 230,000 tourists were recorded to have arrived in Sihanoukville international airport. In 2019, this num-ber jumped to almost 700,000 arrivals. The increase in direct flights to Sihanoukville international airport has directly contributed to the steep rise in tourist arrivals to the Province. The Sihanoukville real estate market has witnessed a rapid rise of fortunes, with investment into manufacturing and real estate property coming as a result of these improvements to infrastructure, and growing numbers of tourist arrivals.
Why should I invest in realty in Sihanoukville? The prices of property in Cambodia are at the lowest now in 2021 due to Covid. Some property prices have gone down to 20-40 percent. Cambodia has political stability over 33 years. One Belt one Road (OBOR) projects attract more overseas investments, not only Asian but also Western investors since investment and profit are universal. Cambodia is ranked as the country with financial freedom and there is no restriction on financial transfers, low property tax, and low start-up capital with high return. There is no capital gain tax that makes the profit of the property sales value to remain only to the seller, and free repatriation of profit.
Things are very positive if you invest in Sihanoukville realty due to massive construction which brings a lot of businesses and helps the economy. Demand for real estate property remains high within Sihanoukville. Alongside the port, Sihanoukville is also home to several Cambodia’s Special Economic Zones offering manufacturers a turnkey solution to establishing business operations in Cambodia.
Special Economic Zones essentially provide the infrastructure in secure environment to locate a factory with special tax incentives on offer plus facilities catering to workers and management and back up power solutions to keep business running smoothly. If you are looking to establish a business in this area then you'll certainly want to look for a nearby villa in Sihanoukville.
Cambodia’s real estate property market has seen tremendous growth in the past several years that is one of the highest increments in the Asia-Pacific region. In Sihanoukville which is the most progressive city in developing in Cambodia and the preferred location among many Chinese, Singaporean, Taiwanese, and Hong Kongers real estate property’s investments are high, where you can get at least 7-10 percent yield per year. Massive high rise developments are currently under construction that will move realty prices higher.
