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Why invest in Phnom Penh?
Political stability. Although in the past decades the country witnessed war and civil unrest, in recent years the ASEAN member’s socio-political has turned 180 degrees, and it enjoys a relatively peaceful era under Prime Minister Hun Sen.
Macroeconomic stability. Chantol notes that Cambodia’s developing economy has an anticipated high-growth outlook.
Stable exchange rate.
Low debt-to-GDP rate.
Investment incentives. The country has an existing investment law that provides very generous incentives for investors.
No exchange control.
Lack of alien business law.
Openness. Every economic sector is open to foreign investors. But the 2015 World Justice Project states that the country has a long way to go in legal openness, ranking 102 out of 102 in its latest index.
Full ownership. Foreign investors can own 100 percent of their business or enter into joint ventures.
Fluidity. Money can be easily transferred into or out of the country.
Young workforce. Chantol says that Cambodia has a “young, dynamic, and hard-working work force” with a nation-wide average age of 24.1 years, which means its labour force offers another 30 years of productivity.
Strategic location. The country is located in the heart of ASEAN region.