Seating in core location of ASEAN, and crossing economic community of Southeast Asia, Cambodia has been one of the most powerful ancient civilizations in Southeast Asia, not only with world-shaking miracle of Angkor Wat, but more the flourishing capital of Phnom Penh, Sihanoukville known as “mini Maldives”, and more. With the economic boom, this beautiful country is once more proved as kingdom of miracles.
Cambodia, known as the “Rising Tiger in Asia”, is in the center stage of the world for rapid economic growth, with over 7% GPD growth in 5 consecutive years, and has accomplished development and construction at “Cambodia speed” in 10 years comparing with that of other countries in 30 years.
As affirmed in Annual Report on Economic Outlook of Asian Development Bank (ADB), Cambodia is the most hopeful emerging country in Asia. In particular, Phnom Penh as its capital gathering high-quality resources, with foreseeable advantages, is praised as Shenzhen in 30 years ago, Shanghai in 20 years ago and Singapore in 10 years ago, with tremendous development outlook.
In the capital of Phnom Penh, 7 “satellite cities” are under planning and construction, where a new structure of cosmopolitan city will emerge by 2020. The new international airport in Phnom Penh, with USD1.5 billion total investment, is expected to complete and put into operation by 2025. The new and old airports will be within 10km from the project.
In 2018, the 60th anniversary of the establishment of diplomatic between China and Cambodia reflects the friendly relations of the two countries. Lying in the core of ASEAN, Cambodia has become an important node in “The 21st-Century Maritime Silk Road”. Under “The Belt and Road” initiative, Cambodia has become one of China’s most important partners and one of the biggest beneficiaries of its external development. Cambodia counts as high as 50% of the investment of “The Belt and Road Initiative” in Southeast Asia.
As of October 2017, China has invested $12.57 billion in Cambodia, accounting for 36.4% of Cambodia’s total foreign investment, and has become Cambodia’s largest source of foreign investment.
On January 10, 2018, Phnom Penh held The 2nd Lancang-Mekong Cooperation Leaders' Meeting and the China-Cambodia comprehensive strategic partnership has reached a new height: to achieve the goal of bilateral trade by $6 billion by 2020, and attracting 2 million Chinese tourists by 2020.
Average age of the population in Cambodia is only 27 years old, making it one of the youngest countries on the earth. Demographic dividend drives national economic development to the situation of high savings and high growth.
Cambodia is the third largest country of assets in US Dollars, where the value of assets is more stable relying on stable financial system in US Dollars. Being called “Swit zerland in Southeast Asia”, Cambodia upholds liberal economic policy by 100% opening up to outside world without exchange control, in order to attract the pour of global foreign capital.
Cambodia is a global tourist destination. In 2017, more than 5 million tourists worldwide entered Cambodia, including up to 1.2 million Chinese tourists. It is estimated that the number of foreign tourists will reach 6 million by 2018 (Cambodian Ministry of Tourism official data). Driven by the strong influence of developing countries in Southeast Asia, the international development of Cambodia’s political, economic, and cultural centers is remarkable. Each year it attracts millions of people from home and abroad to start businesses and employment, and quickly leads the development of Cambodia to take off!
Cambodia is one of the fastest growing economies in Asia and a new hot spot for wealth in the world. The superior resource environment attracts global enterprises to rush in. One can enjoy global well-known brands at any time: Rosewood Hotel, Aeon, Dunne Dole, Dairy Queens, Starbucks, Costa, BMW and Mercedes-Benz 4S stores, Bank of China, Industrial and Commercial Bank of China, Unilever, R&F Properties, etc. Phnom Penh has become an international city and a global fashion feast.
As Trans-Asian Railway is planned to open by 2020, people living in Phnom Penh will enjoy Asia living circle, and more house owners will have their ideal home. 2023 Southeast Asian Games to be hosted in Phnom Penh will attract more and more foreigners to Cambodia, which will stimulate the growth of housing demand.
Cambodia is experiencing rapid economic growth, with potential and opportunity, particularly great momentum in the property development. It’s reported by Money Weekly that, Housing price in Cambodia has been soared since 2012, at a rate of near 10-20% on a yearly basis, and growth rate of housing price is even higher in Phnom Penh, making global wealth makers paying more attention to and grabbing apartment market in the capital city, together with powerful domestic purchasing in Cambodia. Phnom Penh is entering into a golden era of property development.
In Phnom Penh to the wide Hun Sen Boulevard, only 10km from new and old international airports. Adjoining international embassy special zone in the north, neighboring ING new city of key construction project in the south, meeting human habitat of city quality. Crossing Tans-Asian Railway, enjoying ASEAN economic circle, for easily opening Asian living circle.
The property is only 1km from ISPP introducing international IB courses and synchronous globally advanced education system. Adjoining city landmark of university - Royal University of Economics & Laws, enjoying cultural atmosphere in the university.
Surrounded by international supporting facilities such as high-end football club, duty-free stores, 4S limousine stores etc, full of living atmosphere. The well-established property adjoins the ancient and busiest Monivong Boulevard, bringing exotic flavors and foods. The two major shopping malls of the famous Cambodian company Borey Peng Huoth Group (PH Diamond Mall and PH ECO Mall) are only 1km and 3km away from the project and are expected to open in 2021, and the fashion is your fingertips.
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