Cambodia’s real estate market has experienced a significant transformation over the past decade due to an ongoing boom of foreign investment for new large-scale property developments. The overwhelming majority of these projects have taken place in the capital city of Phnom Penh, with the skyline growing rapidly thanks to the construction of the country’s first skyscrapers and condominium complexes.
There has also been an increasing number of gated housing communities (Borey), townhouse complexes, and satellite cities being developed across the suburbs and outer areas of the city, while in the beach town of Sihanoukville and the sacred Siem Reap soil, a similar increase in real estate development is also taking place.
Notably, there has been many new developments and infrastructure in Siem Reap as of recently. The new $150 million road development project in Siem Reap has made the city more appealing and picturesque, while the new international airport has now been 70% completed and set to finish the construction next year.
At the same time, many major entertainment projects are also being developed in Siem Reap, and these are the primary reasons why real estate, land, houses, and condos in Siem Reap are set to grow significantly, particularly within the Pub Street area, which is a popular gathering spot for national and international tourists.
With Cambodia having one of the highest number of citizens being vaccinated, it is now considered as one of the safest countries to visit, therefore the number of international visitors to Siem Reap will start to rebound gradually just like pre-covid 19 era.
With this expected influx of domestic and international visitors to Siem Reap combined with the government’s ambition to expand the international tourism, Siem Reap will soon become the top tourist destination hotspot like it once was.
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