Urban Village is a 760,000 sqm development in Phnom Penh...
Cambodia have established strong diplomatic relations with China for more than 60 years and Cambodia is a loyal supporter of the "Belt and Road" initiative. In 2018, the total number of tourists to Cambodia has exceeded 6.2 million and the number of tourist from China to Cambodia reached 1.1 million in the first quarter of 2019, a substantial increase of 40%. It is estimated that it will attract 20 million tourists in 2025.
Apart fron the strong bonding between Cambodia and China, The Asian Development Bank's "Asian Development Outlook 2019" believes that Cambodia will maintain a GDP growth rate of 7%. According to the forecast of the Ministry of Finance of Cambodia, industry, tourism and agriculture will continue to grow, and Cambodia's GDP will increase to USD 27.2 billion in 2019. The economic take-off in Cambodia is already overwhelming, and a strong increase in real estate is inevitable.
Cambodia is strategically located at the center of the Belt and Road Initiative. With the Pan Asia railway, travelling to Cambodia is made easy as it only take less than 3 hours within Asia countries, this also lead Cambodia to be the economic hub within Asia countries. The country annual turnover is 100 Billion US dollars.
Cambodia is well-known for foreign investment. Cambodia adopts a free economic policy and is open to foreign investment. Foreign capital can 100% holds the company shares. Overseas companies and investors are treated equally without discrimination. In addition, the domestic taxation of registered income tax and business operations in Cambodia is relatively low, which reflects lower operating costs that attracts large numbers of foreign investors in Cambodia.
3 Major Factors of Cambodia Investment
1. 1st in Global Real Estate Gain, 4th in Rental Return
Hurun Global House Price Index Cambodia's Phnom Penh property price rose by 16.7% year-on-year, the rental yield was 6.5%, the exchange rate was 6.2%, add up together, the ROI were 29.4% which makes it ranks first in the world.
2. US Dollars Settlement, No Foreign Exchange Control
Cambodia is the third largest dollar asset country and also the only country in Southeast Asia that uses US doolar as the trading currency. Property investment in Cambodia can assure the asset value due to the fact that it is a Non-CRS country where there is no foreign exchange control, capital is free to enter and exit.
3. Freehold Property, No Inheritance Tax
Since 2010, Cambodia introduced 《Foreigner Holding Property Rights》 which opened the door for foreigners to own properties in Cambodia. Also, there is no inheritance tax in Cambodia and the transfer title tax in Cambodia is only 4% of the value of the property.