What about the real estate in Phnom Penh? Can I buy it?

Yes, Phnom Penh is an international metropolis, and Cambodia is a very young country with an average age of over 20. The recent two generations of young people are more powerful and have received higher education. For example, in Phnom Penh, basically if you can speak English, you won't feel any trouble as if you have never been abroad. Its social language is really developed. Another feature is that in a city like Phnom Penh, I think at least 10% of the population are foreigners. Europeans, Americans and Asians are all foreigners you see outside. They are not tourists here, but mostly people who live here and do things seriously like me. Among all the cities I have seen, Phnom Penh is one of the most internationalized cities.

Cambodia real estate did not exist before 20 10. Before 20 10, Cambodia did not allow foreigners to hold their own property rights, even property rights on the ground. However, 20 10 should be that the law on foreigners holding property rights was passed in May. In other words, as long as there is no land, such as apartments and buildings, as long as you don't buy the first floor, it is the first floor on the ground. Starting from the second floor, foreigners can buy whatever they want, and only passports can be bought. Therefore, as soon as this bill was introduced, Cambodia's real estate really started.

Before 20 10, many real estate projects were aimed at local rich people in Cambodia. After 20 10, everyone went all out to attack foreign markets. Foreigners can hold real estate above the second floor or have permanent property rights. There is no such thing as 70 years or 50 years, and there is no luxury tax.

Cambodia is a country that trades in dollars. Cambodia has its own currency, called Cambodian Riel, which is directly ignored by us. Because if you want to buy something valuable, you won't buy it with riel. Anyway, I've never seen a friend use riel. Everyone uses dollars, let alone buy a house. The price of the house is also US dollars, and the transaction is also US dollars.

Moreover, Cambodia's foreign exchange policy is 100% open, and no one cares how much money you bring in. As long as you have that much money, you bring it all in and buy it. Nobody cares about you. You made money, you have to take it out, no one cares about you. You didn't go to Cambodia for a penny, earned tens of millions and left. Let's go This is an absolutely open country.

Today, China people buy houses in Cambodia piecemeal, and most of them are related to Cambodia. I met an elder sister, a native of Zhejiang, who runs a clothing factory here the day before yesterday. She bought two or three sets in several early buildings in Phnom Penh, and now she sells one or two sets from time to time, and the others are used for rent, making little money. Others work here or invest here, or live in Cambodia for several months a year. They know Cambodia and know that real estate is profitable. Generally speaking, Cambodia's real estate is far from reaching its peak and is still on the rise.