Singapore Property | There is really a lot of talk in the real estate of Cambodia. This is because of all the different condominiums being built within the area of Phnom Penh which is the capital of Cambodia.
There are a lot of foreign investors that are coming in the heart of Cambodia. This is all because of the beautiful beaches, warm climate and very friendly people. And Cambodia is known to have lesser property cost among the other Asian countries.
There is also a lot of development that is noticed within the area. Now there are different international schools and business district that is continuously growing in Phnom Penh.
This is the reason why household income is also continuously rising and the GDP will also grow from 7.0% in 2014 it will reach 7.3%
This is the potential that most investors have seen with Cambodia. It has good chance of capital growth. Even the number of condominium unit in Phnom Penh as increase, from 178 back in 2009 now it has reach 2,095 units in 2014 and is expected to reach more than 9,000 units in the following years.
Because of the recent legislation that was passed in April of 2010, foreigners are now able to own a property in Cambodia with a few restrictions.
To name a few of the projects in Cambodia there’s The Peak @ Cambodia as well as The Bridge @ Cambodia which has a freehold tenure type unit from US$150,000 starting price. Another upcoming one will be The Gateway @ Cambodia, all located in Phnom Penh.
Another great location to invest on real estate is in Singapore. And one upcoming property is the Thomson Impressions. This will be made available in District 20 and is expected to be finish by 2019. This is the perfect location for people who have just started a family or just recently land a good job near the area or you may like to take a look at either Principal Garden or Sturdee Residence. Investors are also very interested in buying some unit from the project.
No matter where you want your money to go to you need to make sure that you have invested in the right property. Call in for a site visit or a showflat if you are within the area to be able to get a good idea on what you expect.