Thailand Businesses are flocking into Cambodia with Cambodia Real Estate Market opening up

Cambodia has experience a good 7% GDP growth over the past few years. Moving forward, especially with the ASEAN Free Trade agreement this year, Cambodia’s GDP Growth will most likely continued to be as high as past years. Under current Prime Minister Hun Sen leadership, Cambodia also has enjoy peace and prosperity for almost 2 decades. With the strong GDP growth and a stable political environment, these has lure many Thailand Businesses back into Cambodia Market.

According to “Bangkok Post”, many Thailand companies like Siam Cement, CP Group, Bangkok Dusit Medical Services and Samart Corp has already established their presence in Cambodia. With the cost of operations in Thailand getting higher, more and more companies will be joining them in Cambodia.

The moving in of the Thailand companies are further encouraged with Cambodia Real estate Market opening up. Since the passing of legislation in April 2010, the foreign ownership property law allows foreigners to own property in Cambodia. Foreigners may acquire apartments above the ground floor to a maximum of 70% of any one apartment building, provided that the building has applied for and obtained ‘strata title’, which generally only applies to new construction. Hence, foreigners are 100% eligible to own a freehold condominium in Cambodia.

Some of the attractive luxury developments currently on sold in Cambodia Phnom Penh includes The Peak and The Bridge by Singapore Mainboard listed developer Oxley. These development will most likely attract those Thailand Businesses’ Owner to place their investment in.

My Trip to Cambodia (Part 1)

Just a few weeks back, i visited Phnom Penh for a study trip. Phnom Penh has really changed throughout the years with the new developments such as Aeon Mall launched last year, cafes just like your starbucks sprouting out and I even saw our very own Breadtalk which launched in Phnom Penh few months back. Right in the heart of their city, lies their independence monument which is their "Arch-De-Truimph".

The group of us stayed in Nagaworld which is a Casino Hotel. Even though I didn't gamble, there were a lot of other things to do in the hotel like massage, eating, clubbing and singing KTV. They're famous for their four-hands massage where you're treated like royalty as 2 people massage you at the same time. Love this picture of the money tree at the lobby! 

Nagaworld's decoration is abit thai style. 

Below are some of the pictures of the casino.

This picture was taken at 1am, yet there were still quite a number of people gambling! No wonder Shangri-La is moving in too! 

At night, we checked out their club. Had a blast there. There were dancers and music played were mainly english and chinese remix. I think they cater to the chinese there as quite a lot of chinese businessman are coming into Cambodia to start their business.

For one of our lunch, we tried out their Japanese restaurant in Nagaworld. As you can see, the standard is very good. If you don't know where to eat in Phnom Penh, you can have all your meals in Nagaworld as there are many restaurants of different cuisines like dim sums, western etc. 

Great view from the hotel room. We could actually see Dreamland which is their mini theme park and also night market.

Their night market as below. Unfortunately, most of the shops were closed when we went there. I think it closes about 11pm. 

For more information about investing in Phnom Penh. Find out about the latest residential integrated with Shangri-La, The Peak Cambodia. The Peak Shangri La

The Peak Cambodia

Yes! It's here! The Latest project by Oxley, The Peak together with Shangri La.

It stands tall at a majestic 55 stories high. Clad in bronze it looks so timeless and majestic. Really love the design. As it's integrated with the Shangri-la hotel, it makes The Peak more prestigious. The peak cambodia is very likely to be the next sell out project in Phnom Penh just like The Bridge. I'll be visiting the site this Friday so stay tune for more updates! 

More information can be found here.