• Cambodia approved fixed-asset investment projects worth USD $1.39 billion in the first two months of 2024 ( representing a 5- fold rise compared to the same period in 2023).  
• FDI, in total, rose by 10.6 per cent to USD $4 billion in 2023.  
• The Cambodian government-approved Public Investment Program (PIP) is worth USD $11.69 billion comprising more than 600 projects from 2025-2027.  

Why Visit And Stay In Cambodia – Top Destinations  

Explore Worldwide, a UK adventure travel company, ranked Phnom Penh as fifth on the list of preferred destinations for solo travel worldwide, and the country was ranked the friendliest in the world in 2021 by another poll. Its finest hotels are regular winners of regional and global awards recognising their service levels and offerings.  

Cambodia remains one of the easiest countries to own a business or property (with some restrictions) for a foreign national in the region.  

Here are five cities that you may want to explore property opportunities in the Kingdom of Cambodia, but remember to always conduct thorough research, and if possible, visit these cities personally to assess factors – you should also consider nearby developments and optimal living conditions, asses the orientation of your property in the Kingdom.  

Or if you are looking at buying a holiday or secondary home in the capital of Phnom Penh, the city offers a mix of modern amenities such as malls, social activities and an international airport hub with a growing list of direct flights globally.  

The financial centre also has many cultural attractions, a vibrant nightlife scene, a huge and evolving selection of restaurants with local regional and international cuisine and an increasingly varied mix of residents who call the city home.  

Within a matter of hours, you could be on the beaches of Sihanoukville thanks to the expressway, on a train heading north or south, or on a flight to the region (and with the new airport due to be operational in 2025).  

Quite often, Phnom Penh also needs to be visited to attend the embassies and consulates or for visa services as the hub for government activities – which all means it provides potential rental opportunities.  

Siem Reap is still one of the most popular tourist destinations in Cambodia due to its location near the world-famous Angkor Wat temple complex. Even aside from the international tourists who still flock to see the ancient captivating temples, domestic and regional tourists also still visit in droves, especially around cultural holidays which see a peak in property and accommodation demands.  

In addition, the culinary scene, charming markets, and proximity to the Tonle Sap Lake and the mountains of Phnom Kulen, as well as its accessibility to the Thailand border all are attractive reasons to live here.  

The city’s properties offer choices from shophouses and villas, traditional Cambodian architecture and modern designs.  

Siem Reap has a well-developed tourism infrastructure and has seen investment into its roads and transport links, culminating in the Siem Reap-Angkor International Airport opening in 2023 , while an expressway linking it to the capital is underway – all of which make Siem Reap an appealing choice for a holiday home.  

Located on the coast of the Gulf of Thailand, Sihanoukville boasts beautiful beaches and is also undergoing massive investment from far-ranging resort complexes, seaport upgrades, transport links and much more.  

Although it remains a popular beach destination in Cambodia, the rapid development in recent years (and for years to come based on the “Special Investment Promotion Program in Sihanoukville 2024”) as well as the regional strategy for investment and expansion of the Special Economic Zone means the area is changing its characteristics.  

With the large infrastructure projects, increased and more frequent transport links by land, sea and air, international events and tourism expos as well as the plans to address the unfinished buildings in the city – there is a long-term vision shaping the pathway for the province.  

From an activity point of view, Sihanoukville offers plentiful water activities, beachside restaurants and resorts, and the easiest access to the beautiful islands – which make the coastal area an appealing location for a holiday home.  

There are also new additions such as a go-kart track, possible cable car installations, and much more to come at the Canopy Sands development which has seen international hotel brands sign on.  

Surrounded by lush countryside, the area is famous for its pepper plantations, seasonal durian and nearby crab in Kep, as well as picturesque mountains. Bokor Mountain is popular but also undergoing development, while the town itself in Kampot has also seen changes, at its core, it is a small walkable town that offers a little bit for everyone.  

Kampot will soon see the addition of new logistics and tourism ports which could open it up further for domestic and regional travel and trade, while its proximity to the Vietnam border means it already sees a lot of traffic from tourists.  

For a more tranquil and slower-paced environment, Kampot is ideal and also offers a more temperate climate than some cities to the north.  

Battambang is one of the largest cities in Cambodia and offers a unique setting in the Kingdom – famed for its blend of French colonial charm and Khmer heritage as well as a laid-back lifestyle and a centre for arts and crafts.  

The well-preserved architecture and being surrounded by some beautiful countryside provide opportunities for exploring rural landscapes and experiencing local traditions.  

Battambang has also been attractive for retiring expats and those looking for a slower pace of life but the city is seeing continued investments to better equip the infrastructure and connectivity for the future.  

Understand Your Property Investments In Cambodia   

We outlined some of the key aspects to be aware of to ensure the highest possible returns in the rental market in Cambodia.  

From a Cambodian property ownership perspective:  

Cambodian citizens and foreigners can enjoy freehold ownership, with hard-title ownership being the most secure option.  

Foreigners can purchase condominiums and apartments with strata titles in post- 2010 built buildings, adhering to specific ownership ratios and geographical restrictions.  

According to R.A. 4726 , foreigners can buy and register (under their own name) a condominium unit in Cambodia – the Condominium Certificate of Title (CTC) will be registered under the foreigner’s name too.  

While direct land ownership is restricted for foreigners, leasehold agreements, nominee structures, landholding companies, and Trust Laws provide viable investment mechanisms.  

You can also reach out to property specialists to help determine property prices, rental demand, accessibility, and whatever your personal preferences or goals may be before investing in a holiday or investment home. www.realestate.com.kh     

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• អ្នកឧកញ៉ា លី យ៉ុងផាត់ ត្រូវបានត្រាស់បង្គាប់ផ្តល់គោរមងារជា លោកអ្នកឧកញ៉ា លី យ៉ុងផាត់ 
• អ្នកឧកញ៉ា ពុង ឃាវសែ ត្រូវបានត្រាស់បង្គាប់ផ្តល់គោរមងារជា   លោកអ្នកឧកញ៉ា ពុង ឃាវសែ 
• ជំទាវអ្នកឧកញ៉ា ភាព ហៀក ត្រូវបានត្រាស់បង្គាប់ផ្តល់គោរមងារជា ជំទាវលោកអ្នកឧកញ៉ា ភាព ហៀក 
• អ្នកឧកញ៉ា លី ហួរ ត្រូវបានត្រាស់បង្គាប់ផ្តល់គោរមងារជា លោកអ្នកឧកញ៉ា លី ហួរ 
• ជំទាវអ្នកឧកញ៉ា ភូ ហុងស៊ួន ស៊ីគង់ទ្រីវ ត្រូវបានត្រាស់បង្គាប់ផ្តល់គោរមងារជា ជំទាវលោកអ្នកឧកញ៉ា ភូ ហុងស៊ួន ស៊ីគង់ទ្រីវ 
• អ្នកឧកញ៉ា លាង ឃុន ត្រូវបានត្រាស់បង្គាប់ផ្តល់គោរមងារជា លោកអ្នកឧកញ៉ា លាង ឃុន។ 

សូមជម្រាបផងដែរថា គោរមងារ  « លោកអ្នកឧកញ៉ា » គឺជាគោរមងារខ្ពស់បំផុតនៃគោរមងារ  « ឧកញ៉ា » នៅកម្ពុជា ដែលក្នុងនោះមាន៣កម្រិតដូចជា៖ ឧកញ៉ា អ្នកឧកញ៉ា និងលោកអ្នកឧកញ៉ា៕ 

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There is some economic momentum returning via increased tourism and investments, but more importantly, a mood upswing that Cambodia could be on the right track economically – and attracting investors is at the heart of that.  

So what are the top 5 reasons investors are looking at Cambodia?  

Investments Into Cambodia’s Future  

The Council for the Development of Cambodia (CDC) approved 106 fixed assets investment and expansion projects worth USD $2.2 billion in Q1 2024, it will be a massive jump compared to 2023 but most data should be – however it reflects the continuation of investment into the development of the Kingdom.  

The main beneficiaries thus far were the industrial sector (accounting for over 90 per cent) but agriculture and the agro-industry, infrastructure, and tourism all benefited.  

Cambodia has experienced significant economic growth – with many sources pointing to the average annual GDP growth rate of around 7% for a decade which means it’s been one of the fastest-growing economies in Southeast Asia (although it has to be acknowledged there was a lower base compared to other countries.)  

Cambodian Prime Minister Hun Manet said at the start of April that Cambodia is expected to see a 6.6 per cent rise in its economy in 2024.  

• On the back of another revived estimate for the country in 2024, the CB EIC (Economic Intelligence Center) unit of the Siam Commercial Bank Public Company Limited, predicts that there will be a 6 per cent growth in FDI this year.  
• According to Seasia Stats for Southeast Asia’s 2024 GDP growth projection – Cambodia tops the list with an estimated 6.1 per cent.  
• The same projections indicate Cambodia is third among the top 25 fastest-growing economies in 2024.  This growth has been driven by sectors such as tourism, garments and textiles, construction, and agriculture and investors continue to look for opportunities in these sectors and those that align with government strategies such as those detailed for the  Special Investment Promotion Program For Sihanoukville   and in the Pentagonal roadmap of the Cambodian government under Prime Minister Hun Manet.  Ease of Doing Business In Cambodia  

 The Cambodian government has implemented various reforms to attract foreign investment. The special economic zones (SEZ), simplified procedures for business registration, and tax incentives for certain industries all offer opportunities for a range of businesses.  

The Kingdom is rapidly diversifying, and improving its infrastructure, including transportation networks and energy supply, with private, public and partnerships all incentivised to support investment activities. These are large-scale and some are billion-dollar projects which promise to improve accessibility to the region.  

More trade offices and agreements are also expanding the global opportunities to work with Cambodian authorities.  

• On the DHL Global Connectedness 2024 Report – Cambodia ranked at 60th out of 181 countries included in the index.  
• The Australia-Cambodia Business Forum​ was formed in 2024, as well as Cambodia and the United Arab Emirates Comprehensive Economic Partnership Agreement (CEPA) enforced in Q1 2024.  
• Visas and Passports For Cambodia  

The range of investment from different nations shows there is unilateral interest in Cambodia,  

For the year to date, aside from domestic investment, just over a third came from China, while the other foreign investors were from Singapore, Vietnam, South Korea, the US and Malaysia.  

You can find out more about the visa options here but the strategic location means Cambodia is central within ASEAN and has easy access to regional markets and trade routes.  

Diversification Of Cambodia’s Skills Market  

Perhaps seen as one of the more contentious “plus points’ but Cambodia has without a doubt a young and relatively low-cost labour force, which is attractive to businesses, particularly those in labour-intensive industries such as garments and textiles, construction and others.  

But the biggest long-term reward will be the upskilling of the workforce which has already become better skilled and educated – this opens up more advanced and potentially lucrative opportunities for businesses that require higher-level expertise in technologies, manufacturing and even the growth of SMEs.  

The government estimates that small and medium enterprises (SMEs) provide 70 per cent of jobs and contribute 58 per cent to the nation’s GDP.  

These are essential if Cambodia wants to achieve its targets for achieving middle and higher-income statuses over the coming decades.  

Tourism and Property Sectors Remain Fundamental  

Cambodia’s location in the heart of Southeast Asia offers  access to a growing regional market for tourism   and also logistics which benefits the property and real estate sectors.  

• In April the economic strategic plan for Sihanoukville was changed into the rather mouthful “Master Plan to Develop Preah Sihanouk Province into a Model Multi-Purpose SEZ and Develop Cambodia’s Coastal Provinces into a Multi-Purpose and Comprehensive Economic Corridor.”  
• The most prominent investment project in Q1 2024 was the establishment of five-star hotels and business centres in Preah Sihanouk province with a capital investment of $574 million.  

Cambodia already benefits from regional trade agreements that facilitate market integration and business opportunities and is now actively opening up air, land and sea routes to welcome a more diverse and international market.  

The beautiful coastal areas with an emphasis on the islands and Sihanoukville are hoped to add to national growth – and appeal to both leisure and business travellers.  

This leads to investments in hotels, resorts, hospitality services, and related infrastructure that can benefit from the country’s tourism potential as well as the construction and property markets.  

The Angkor Archaeological Park, run by the state-owned Angkor Enterprise continues to put up positive numbers for Cambodia’s most popular tourist destination – with the return of more Chinese visitors in Q1 also boosting numbers. It is hoped that pre-pandemic levels of tourism will be matched over the coming year.  

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