Phnom Penh real estate could be one of the best investments in Asia despite the pandemic and global downtown, according to Reid Kirchenbauer, founder of InvestAsian.
Hailing Cambodia as “the best frontier market” to invest in real estate, Mr. Kirchenbauer is most bullish about Phnom Penh and Cambodia’s track record of avoiding headwinds from global recessions. This immunity is a byproduct of Cambodia’s emerging status – Cambodia has not yet come to rely on global trade.
Other tailwinds include continued urbanization, the growth of a middle class and it’s continued attractiveness as an investment destination for South Koreans, Japanese and Chinese.
