Retail development offers retail spaces, which can be cyclical and involve multiple stages. Retail development which comes under the category of commercial real estate development can include new stores, shopping centers, or other retail spaces.
Retail development significantly contributes to the generation of tax revenue for the government. Through sales taxes, property taxes, and other levies, the retail sector becomes a reliable source of revenue for public services such as healthcare, education, and supports the overall infrastructure development market.
Why Buy or Invest in New Real Estate Developments in Cambodia.
Cambodia has seen consistent economic growth in recent years, with the real estate sector being one of the key drivers. As the economy develops, demand for residential, commercial, and industrial properties increases, making it a lucrative market for both local and foreign investors.
Cambodia’s growing middle class is a significant driver of demand for housing and modern living spaces. As incomes rise, there is increasing demand for high-quality residential and commercial properties, which presents an opportunity for real estate developers and investors.
Cambodia has become an increasingly popular tourist destination, with landmarks like Angkor Wat attracting millions of visitors each year. The tourism sector fuels demand for hotels, resorts, and other mixed-use commercial properties, making it an appealing market for investors in hospitality real estate.
The Cambodian government has been investing in infrastructure projects, including new roads, airports, and public transportation networks, which improve connectivity and make areas previously underserved more attractive for real estate development. This boosts the potential for appreciation in real estate prices.
Cambodia’s real estate market is seeing an increasing number of new residential developments, catering to various price points, from luxury apartments to more affordable housing for locals. This diversity in offerings allows investors to find projects that match their investment goals.
Compared to other neighboring countries in Southeast Asia, real estate in Cambodia can be more affordable, especially in emerging cities. For example, Phnom Penh is still considered to have affordable property prices relative to other major cities like Bangkok or Ho Chi Minh City, but this is changing as demand grows.
