Brands scheduled to open in 2022 are expected to trigger renewed activity in the retail and hotel sectors
Even though Phnom Penh’s real estate market has faced difficulties amid the pandemic and slowed down, the capital continues to expand with ongoing foreign business interest, reported Khmer Times.
During pre-pandemic times, Phnom Penh was growing rapidly with infrastructure development and foreign companies laying ground across the Kingdom. This hasn’t seemed to stop since the arrival of COVID-19.
The Royal Government has clearly announced that infrastructure developments will continue and benefit major population centres like Phnom Penh, Siem Reap, and Sihanoukville in the next few years.
Foreign brands remain their interest in Cambodia, as consumer market studies show the country’s growing demand for international brands. Multinational companies like Hilton Hotel Group and H&M are scheduled to open in 2022, expecting to trigger renewed activity in the clothing retail and hotel sectors.
Among this continued growth during the pandemic, property investors can secure themselves a spot as downtown properties in Phnom Penh start offering down payments as low as 10 percent.
Alike foreign brands, international property investors have been exploring options to continue business in emerging markets like Cambodia.
Due to concerns that arise from the pandemic, only projects with a good reputation and priorities have succeeded in drawing in the most prudent of investors.
The Property Report editors wrote this article. For more information, email: [email protected].
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