{"id":31211,"date":"2022-11-30T12:00:52","date_gmt":"2022-11-30T05:00:52","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=31211"},"modified":"2022-12-02T10:19:08","modified_gmt":"2022-12-02T03:19:08","slug":"the-luxury-housing-segment-gains-traction-in-cambodia","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/the-luxury-housing-segment-gains-traction-in-cambodia\/","title":{"rendered":"Luxury housing segment gains traction in Cambodia"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Luxury properties are in high demand in Cambodia, but the market has limited supply<\/span><\/p>\n<figure id=\"attachment_31223\" aria-describedby=\"caption-attachment-31223\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-31223 size-full\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/11\/shutterstock_2161299779.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/11\/shutterstock_2161299779.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/11\/shutterstock_2161299779-400x267.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/11\/shutterstock_2161299779-600x400.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/11\/shutterstock_2161299779-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-31223\" class=\"wp-caption-text\">China accounted for 15 percent of property investments despite the zero-COVID policy while 20 percent are local buyers. PHNOM PENH PHOTOGRAPH\/Shutterstock<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">As 2022 draws to a close, property sales and foreign direct investment (FDI) in Cambodia remain strong, and while domestic demand matured over the pandemic, foreigners are still key drivers of real estate investment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Data provided by the <\/span><a href=\"https:\/\/www.nbc.org.kh\/download_files\/publication\/fsr_eng\/Financial_Stability_Review_2021.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">National Bank of Cambodia<\/span><\/a><span style=\"font-weight: 400;\"> (NBC) revealed that FDI inflow from last year reached USD3.5 billion and that investments were mostly from China, Japan, Malaysia, Singapore, South Korea, and Vietnam.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">China accounted for 15 percent of property investments despite the zero-COVID policy while 20 percent are local buyers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The report also showed that property buyers in Cambodia came from the US, France, Japan, Singapore, and the UK.<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/cambodia-sees-32nd-sea-games-yielding-short-and-long-term-economic-benefits\/\" target=\"_blank\" rel=\"noopener\"><strong>More: Cambodia sees 32nd SEA Games yielding short- and long-term economic benefits<\/strong><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Sixty-five percent of investors purchased condominiums in Cambodia, followed by townhouses, shophouses, and villas.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, luxury housing is also an emerging property segment in Cambodia, led by high net worth individuals (HNWIs), reported the <\/span><a href=\"https:\/\/www.khmertimeskh.com\/501189597\/demand-increasing-for-luxury-properties-in-cambodia\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Khmer Times<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A report from 2021 suggested that there were now more than 3,000 millionaires in Cambodia, which was an increase of more than 2,000 in five years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Luxury properties are in high demand in Cambodia, but the market has limited supply.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To appeal to the luxury market, developers are looking for a change in branding. This sector in the Cambodian real estate market is profitable and growing, and developers and marketers will play a significant role in shaping the perception of luxury housing in comparison with regular housing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Having handled the COVID-19 pandemic exemplary and with pro-foreign investment policies, the outlook for Cambodia&#8217;s domestic market looks good, as well as its position within ASEAN.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buyers are actively examining the luxury real estate market in the Kingdom to determine which developments may suit their high-end lifestyles and tastes for the finer things in life. The specialized and high-end luxury developments in Cambodia are profitable and have a high potential.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">The Property Report editors wrote this article. For more information, email: <a href=\"mailto:propertyreport@propertyguru.com\" target=\"_blank\" rel=\"noopener\">propertyreport@propertyguru.com<\/a>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Luxury properties are in high demand in Cambodia, but the market has limited supply<\/p>\n","protected":false},"author":12,"featured_media":31223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[650,638],"class_list":["post-31211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-housing-market","tag-real-estate","news_country-cambodia","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Luxury housing segment gains 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