{"id":25000,"date":"2021-08-30T08:57:31","date_gmt":"2021-08-30T01:57:31","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=25000"},"modified":"2021-08-30T10:07:25","modified_gmt":"2021-08-30T03:07:25","slug":"foreign-brands-express-interests-in-cambodia-due-to-growing-local-demand","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/foreign-brands-express-interests-in-cambodia-due-to-growing-local-demand\/","title":{"rendered":"Foreign brands express interest in Cambodia due to growing local demand"},"content":{"rendered":"

Brands scheduled to open in 2022 are expected to trigger\u00a0renewed\u00a0activity in the retail and hotel sectors<\/span>\u00a0<\/span><\/p>\n

\"\"
The Royal Government has clearly announced\u00a0that infrastructure developments will\u00a0continue\u00a0and\u00a0benefit\u00a0major population\u00a0centres. EliteStudio\/Shutterstock<\/figcaption><\/figure>\n

Even though Phnom Penh\u2019s real estate market has faced difficulties amid the pandemic and slowed down,\u00a0the capital continues to expand with\u00a0ongoing foreign business interest, reported Khmer Times<\/a>.\u00a0<\/span>\u00a0<\/span><\/p>\n

During pre-pandemic times, Phnom Penh was\u00a0growing rapidly with infrastructure development and foreign companies\u00a0laying ground across the Kingdom.\u00a0This\u00a0hasn\u2019t\u00a0seemed to stop since the arrival of COVID-19.\u00a0<\/span>\u00a0<\/span><\/p>\n

The Royal Government has clearly announced\u00a0that infrastructure developments will\u00a0continue\u00a0and\u00a0benefit\u00a0major population\u00a0centres\u00a0like Phnom Penh, Siem Reap, and Sihanoukville in the next few years.\u00a0<\/span>\u00a0<\/span><\/p>\n

Foreign brands remain their interest in Cambodia, as consumer market studies show the country\u2019s 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.\u00a0<\/span>\u00a0<\/span><\/p>\n

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.<\/span>\u00a0<\/span><\/p>\n

More: Cambodia\u2019s expanding logistics and industrial segments draw in international interest<\/strong><\/a><\/p>\n

Alike foreign brands, international property investors have been exploring options to continue business in emerging markets like Cambodia.\u00a0<\/span>\u00a0<\/span><\/p>\n

Due to concerns\u00a0that\u00a0arise from the pandemic, only projects with a good reputation and priorities have succeeded in drawing in the most prudent of investors.\u00a0<\/span>\u00a0<\/span><\/p>\n

\n

The Property Report editors wrote this article. For more information, email:\u00a0<\/span><\/i>propertyreport@propertyguru.com<\/span><\/i><\/a>.<\/span><\/i>\u00a0<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Brands scheduled to open in 2022 are expected to trigger\u00a0renewed\u00a0activity in the retail and hotel sectors\u00a0<\/p>\n","protected":false},"author":12,"featured_media":25001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[177,955,1070,178],"class_list":["post-25000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-cambodia","tag-foreign-investments","tag-growth","tag-phnom-penh","news_country-cambodia","news_author-property-report"],"acf":[],"yoast_head":"\nForeign brands express interest in Cambodia due to growing local demand | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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