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This week, SEAPS had the chance of being featured on the platform Realestate.com.kh.
If you’ve ever been to Phnom Penh, chances are, you’ve seen ads upon ads that seemingly shout at you from every street if they had voices. But even with the ads screaming at you, there seems to be a sort of seduction in what they’re offering. Reduced down payment, low interest rates, and a very attractive location. There’s just one catch: the property you’re set out to buy is actually pre-selling! Now, if you’re scratching your head, then you’re probably wondering what that means. So, exactly what does pre-selling mean and how does it affect you? SEAPS breaks them all down for your convenience.
Another market, that of tourism in the Kingdom, is also witnessing a changing tide. As the number of incoming tourists rises, the amount invested into hospitality follows. Developers are now seeking to capitalise on Cambodia’s unique landscape by investing in retirement homes, vacation homes and eco-resorts.
Cambodia is considered one of the fastest growing economies in Asia. Without a doubt, this growth has driven rapid progress in real estate.
Condominiums, which represent a new trend in the Kingdom, are gaining steam and catching the eye of local buyers. There is a unique investment opportunity in buying condos. They can generate a solid revenue stream and increase hugely in value over time.
That’s why SEAPS made a list of top mistakes investors make in Cambodia. So that you can learn how to avoid making the same ones!