Is Cambodia’s Condo Market Sustainable for Local Buyers?
TL;DR Majority Cambodians are earning $1,000 per month;
Rental in Phnom Penh is higher than average salary earner;
Condo might not work in Cambodia because locals are favouring shophouses or landed houses;
For foreign investors, try to invest in properties that have the most local base.
Cities all around the world play important role in stimulating the economy in a country. According to Oxford Economics, in 2023, the 1,000 largest cities in the world accounted for 60% of global GDP.
Posted by Danny Ko on Friday, September 20, 2024
