Investment Property in Pnomh Penh – Cambodia
Pnomh Penh Real Estate
The regional section for Cambodia is currently a short one, because of the two general rules for the best emerging markets, they start from a very low point, and their emergence begins in the capital. In Cambodia ‘ s case this is Phnom Penh. Phnom Penh is currently one of the most promising emerging markets in the world. Capital appreciation is proven at 20-25% per year, proven in that people have bought property and got the 12% more for the property on selling after 6 months.
Tourism in Phnom Penh isn ‘ t as developed as its neighbours Thailand and Malaysia but it is growing. Phnom Penh ‘ s has unique traits aiding its magnificent growth. It all boils down to Cambodia ‘ s horrific recent history of Khmer Rouge rule. Because of this most of Cambodia ‘ s male population is under the age of 25, this gives them a uniquely energetic work-force, with an added determination to succeed for themselves and for their country to bring it back to where it should have been and prevent the thousands of deaths from being in vain.
This determination permeates Cambodian society all the way down to its better-than-you ‘ d-expect education system. Children determined to succeed getting good education is a good mix for the future.
In the present Phnom Penh’s under-developed state is attracting global corporations to set up South East Asian hubs in the Cambodian capital. They bring most of their top-level management with them, as always, but Phnom Penh and Cambodia are unique there as well, in that some of the staff being imported by the multinationals are Cambodians returning from exile.
From the top tier executives down the jobs are given to the aforementioned energetic Cambodian ‘ s, all taking their higher wages and putting it back into their local community. It is not only hoped but likely that as more and more Cambodian ‘ s achieve higher wages, the regeneration will spread out from the capital and other parts of the country will start to see similar levels of economic development.