The Cambodia real estate market has gained increasing favour from astute investors worldwide as the country’s economy has sustained a strong average annual growth rate of more than 7% since 2010, making it one of the fastest growing economies in the world, according to the World Bank. More importantly, with USD as the de facto currency, investments in Cambodian real estate are held in US dollars. With the stable climate for investment, capital has brought into the country by business investors, creating a surging demand against a limited supply of high quality condominiums, especially in the capital city Phnom Penh.
INTERESTING FACTS ABOUT CAMBODIA
- Local Currency: Cambodian Riel(for transactions <USD1)
- De facto currency: USD
- The world’s 3rd largest U.S. Dollar asset country
- Aseismic Regions (No Earthquake or Tsunami)
- Centre of Southeast Asia
- Centre of ASEAN
- Centre of Pan-Asia Railway Network
THE TOP 3 INDUSTRIES IN CAMBODIA
- Agricultural
Cambodia’s agriculture sector remains a key pillar of its economy. Rice makes up 25% of Cambodia’s agricultural GDP. There are one of the top 10 rice exporters in the world, rice exports in 2023 reached USD466 million. - Garment
The garment sector is Cambodia’s largest export earner, driven by preferential trade agreements and low-cost labor, supplying global brands while facing challenges like rising wages and competition. - Construction
Cambodia took only 10 years to complete nearly 30 years of similar infrastructure developments of other countries. Construction is one of the key economic drivers.