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Vanvutha Leang
Vanvutha LeangExperienced
Asked: February 11, 2021In:

Starting a business in Cambodia consider as the right choice for a businessman to earn more profits and revenue due to many advantages, however, to which business to start remains miserable. Talking about the Cambodian economy, a market opportunity is rated ...Read more

Phnom Penh Capital, Cambodia

Phnom Penh Capital, Cambodia

Starting a business in Cambodia consider as the right choice for a businessman to earn more profits and revenue due to many advantages, however, to which business to start remains miserable.

Talking about the Cambodian economy, a market opportunity is rated in high number, made business people more convenience to choose which is best and suitable for the current situation in Cambodia.

There are numerous market opportunities out there that will make it hard to choose which one to start since the gap of those opportunities remains tight.

However, in this article, I will derive simple information for you in each business opportunity to make you clearly understand to which you would like before you decide to start a business in Cambodia.

1. Real Estate

Most people in Cambodia nowadays undoubtedly focus on investment in real estate since the sector provides a high chance of profit. The issue of choosing the right house to live in poses a threat of owning debt to most locals and foreigners in Cambodia.

Related: 7 Things to Consider Before Buying a House in Cambodia

Generally speaking, to which location has the potential for development, the chance of increasing the price of those properties will be high. The same case has happened to the properties in Cambodia and this case has made people buy a secondhand house or seeking a house that remains at a low price.

Real Estate Business in Cambodia

Real Estate Business in Cambodia

In Cambodia, people often buy a house, located in a good place with a low price and they can sell it to other owners at a high price, so they can earn easy profit for themselves. In addition to this, it’s not the only house that on the trending list, but also lands.

2. Investing in Agriculture

Most Cambodian people still practice the traditional method of producing products from agriculture, including using animals, like the ox, rather than tractors, led to a lack of supply and spend much amount of time as well.

Investing in Agriculture in Cambodia

Investing in Agriculture in Cambodia

Therefore, the investor should think about the possibility of huge profits to invest in the agriculture sector in various ways in Cambodia.

3. Beverage and Fast-Food Franchises

The franchise sector remains in small amounts in Cambodia which give investor or business owner big opportunity to invest their money into it.

Related: 7 Things to Consider Before Buying a House in Cambodia

There are only several most profitable franchisees out there in the world that make it possible to open in Cambodia, including 7-Eleven, Dunkin’, Planet Fitness, Taco Bell, and many more.

Beverage and Fast Food Franchises in Cambodia

Beverage and Fast Food Franchises in Cambodia

Just to notice, people in Cambodia love to spend their money on new things and trending things, so there will be worth thinking about those high probabilities of huge profit.

4. Transportation sectors

Cambodia is a developing country and most people don’t have their vehicle that brings them to long-distance, so invest in transportation is worth consideration for the investor.

In Cambodia, most taxi drivers, buses, and other private transportations remain in low standard to treat their customers. There are numerous complaints from customers to certain transportation service, including put people overcapacity, losing stuff, running slow, and so on so far.

Transportation sectors in Cambodia

Transportation sectors in Cambodia

However, there are also good transportation companies out there in Cambodia, but only a few companies that receive fewer complaints. So, it can indicate that the competition regarding this sector is low, but the profitable opportunity is high.

These four sectors are the opportunities for investors and business owners to decide which best and suitable for Cambodian society at present. The need for good business is to treat customers as their customers.

 

 

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Angkor Times
Angkor TimesExperienced
Asked: January 15, 2021In:

Although 2020 has passed, it has left a tragedy due to the spread of Covid-19 virus, which has severely affected the economies of many countries around the world. In addition, Cambodia has also been affected by Covid 19. There may ...Read more

Although 2020 has passed, it has left a tragedy due to the spread of Covid-19 virus, which has severely affected the economies of many countries around the world. In addition, Cambodia has also been affected by Covid 19. There may be many questions on this issue, how will the real estate sector change in 2021? Decline or increase?

According to Mr. Virak Virak, CEO of Century21 Fortuna Investment International Real Estate Agency, told Business Cambodia that the real estate sector in Cambodia in 2021 will increase.

Real estate sector change in 2021 in Cambodia

Real estate sector change in 2021 in Cambodia

And the reason for the increase is because in 2020 there was a global epidemic of Covid-19 virus for almost a full year from February to December until now, some sectors have been particularly affected. That is related to tourism and hospitality, as it affects some sectors as well, such as the real estate sector, which makes some investors withdraw to return to their home countries without being able to continue investing or operating their businesses.

However, by 2021, the situation of Covid-19 has improved a lot, because in other countries can control the situation and, in some countries, can produce more vaccines to prevent that. The prevalence of Covid-19 has been greatly reduced. And in a little while, I think in the next two to three months, cross-border travel will increase, so that the investors will be able to resume their duties, and like other business owners who have left the country. The rebirth of the Covid epidemic will return, so some businesses will gradually resume, investors will start to come and the situation of Covid in the country can be controlled, so that some sectors, especially real estate will start to increase gradually, and in 2021, while the Royal Government has also forecast economic growth in Cambodia.

How will the real estate sector change in 2021 in Cambodia

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Angkor Times
Angkor TimesExperienced
Asked: January 15, 2021In:

In 2021, the effects of the economic crisis caused by Covid 19 will not be over, but hopes have been fulfilled as the land acquisition trend has begun. Where should investors invest in land other than Phnom Penh?  There is a ...Read more

In 2021, the effects of the economic crisis caused by Covid 19 will not be over, but hopes have been fulfilled as the land acquisition trend has begun.

In 2021, which provinces should you invest land in and why

In 2021, which provinces should you invest land in and why

Where should investors invest in land other than Phnom Penh?  There is a lot of opportunity to increase the price due to many reasons and favorable factors.

These provinces are located in the coastal and lowland areas of the country, such as:

  1. Kampot

Due to the special infrastructure, National Road 3 will be completed this year with favorable geographical factors, combined with local infrastructure such as the new Kampot tourist port, cargo port, smart city development project at the foot of Bokor Mountain and investment projects. More leisure homes, such as Kampot Thansur, projects along the Kampot canal, will encourage investment from local investors, which will automatically increase land flow.

In the next few years, Kampot will have a 45-storey twin business center will appear, which will take the province to a new level in the field of trade and commerce.

2. Koh Kong

The province is a bit far, but in the future, the distance will be shortened as Darasakor International Airport will be completed and put into operation by the end of this year.

In addition, the first deep-sea port project in Koh Kong province, the expansion of National Road No. 48 and the construction of National Road No. 10 connecting Samlot district, Battambang province to Pursat province before connecting with Koh Kong province will increase investment in this province. This will increase land prices and land swaps, especially in the Trapeang Rong area, such as Jiphat Tatai.

Development of Trapeang Rong area because this area is full of natural resources that are beautiful and an attractive tourist attraction, especially this area has 6 months of salt water and 6 months of fresh water in each year cycle.

3. Mondulkiri

The development plan of the inter-ministerial government, under the leadership of the Ministry of Tourism, will turn Mondulkiri into a high-level leisure destination and a multi-purpose economic zone, especially the construction of a regional or international airport, which will begin later this year. After the government allowed Powerchina Group to study and invest in BOT.

The government plans to turn the province into a flower and vegetable growing area to supply tourists across the country due to the quality of the soil, air and favorable weather conditions.

4. Kandal

Due to its geographical location around Phnom Penh, Kandal is still a potential province because it is an area that is easily affected by the development of Phnom Penh.

Kandal Province Although Cambodia as well as the world have been affected by the global economic crisis, the province is still thriving and land exchange activities and land prices continue to rise due to the many infrastructure connected to the province, such as the Third Ring Road project 4 New Phnom Penh International Airport.

5. Kampong Speu

Kampong Speu is also a province that has emerged in recent years due to government policies, especially the relocation of factories from Phnom Penh to this province, especially the area of ​​National Road 41 and National Road 51.

Kampong Speu also has plans to develop many new factories, especially in provinces with major national roads.

Invest land in Cambodia

Invest land in Cambodia

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Angkor Times
Angkor TimesExperienced
Asked: January 6, 2021In:

Public housing is a form of tenure in which the property is usually occupied by a local or state government authority. At the same time, it is also the most affordable accommodation for the poor, the elderly, and the disabled. According ...Read more

Public housing is a form of tenure in which the property is usually occupied by a local or state government authority. At the same time, it is also the most affordable accommodation for the poor, the elderly, and the disabled.

What is public housing

What is public housing?

According to Home Guides SF Gate, there are currently more than 1.2 million households living in public housing units, which are managed by more than 3,000 different housing agencies.

Advantages and disadvantages of public housing

1) Rental price below market value

Advantages: Provides affordable and affordable accommodation for the elderly, low-wage workers, including the disabled.

Disadvantages: Low rents can have a negative impact on the community, as more people can afford to live in such housing, they pay less for rent and less tax revenue.

2) Maintaining security and property

Advantages: Residents of public housing receive a number of benefits, such as child protection, government cleaning and property protection, and safety measures such as 24-hour security.

Disadvantages: These measures do not reduce the high crime rate. The report by the Institute for Housing Policy and Public Safety also found evidence of social consequences, such as declining quality of education, rising rates of drug-related crime and negative health outcomes. Violence and lack of privacy due to overcrowded conditions are also a concern.

3) Land and resource use

Advantages: Public housing makes the use of land and town resources more economical and has a positive effect on community work. The construction of public housing in a particular area is of great benefit to the local construction and maintenance industry, increasing employment opportunities and income in the area.

Disadvantages: Chances of loss or decline in land prices.

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Angkor Times
Angkor TimesExperienced
Asked: January 4, 2021In:

It’s been more than a 10 years since the Great Recession of 2008, and the condo market has rebounded nicely. We’ve seen at least one cycle including a seller’s market, when condos sell fast for higher prices – making it ...Read more

It’s been more than a 10 years since the Great Recession of 2008, and the condo market has rebounded nicely. We’ve seen at least one cycle including a seller’s market, when condos sell fast for higher prices – making it a difficult time to be a buyer.

Is it smart to buy a condo during a recession

Is it smart to buy a condo during a recession

If you’ve wanted to buy a condo forever but prices are simply out of your reach, you might have considered waiting until the next recession to start your condominium hunt. Is that actually a good idea?

To understand whether it is great to purchase a condo during a recession, and if we’ll see another recession like the one that hit us hard in 2008, we spoke to a few top experts in real estate.

Experts declare that buying a condominium for living and lease during this period is the greatest period to invest, because today there are many unique conditions that investors may gain profit.

Buying a condominium during this period, traders will reap many benefits, such as:

1. Get a task with quality and certainty, which means that a task is great to invest. Ongoing tasks are great because they perform not get trapped during the crisis.
2. Get special discount rates with 20 to 30 percent discount.
3. Get more choices for ongoing tasks, meaning clients can select multiple tasks.
4. They can negotiate with the task owner with more particular payment conditions, as each condominium owner or developer often offers more versatile payment terms.

 

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