Many Hong Kong workers work hard every day to earn a meager salary, and many people prefer to seek ways to reduce expenditure in terms of food, clothing, housing and transportation, "saving one mosquito and one mosquito."
But the money earned remains the same, but the daily expenditures have increased endlessly. Instead of trying everything possible to reduce expenditure, it is better to learn to invest and find ways to increase income.
Even so, it is not easy to learn to invest all of a sudden.
The stock market has been ups and downs recently, and the Hong Kong property market has been looked down upon. How should we deploy it?
As a small investor, you can actually go outside the box and invest in other places, and you can also refer to the direction of large consortia.
In recent years, Southeast Asia has become a popular area for foreign investment in the world. Among them, Cambodia is even more popular with foreign businessmen. According to data from the World Bank as of 2019, the amount of local foreign investment has reached more than US$3 billion, and in recent years it has reached an average annual increase of 10%.
There are also many well-known international brands and multinational companies, such as Amazon, Coca-Cola, Adidas, Rolls Royce, etc.
According to data from the World Bank, Cambodia has invested more than US$3.6 billion in foreign capital.
(Source: World Bank data-the amount of foreign investment in Cambodia)
This has led to a large amount of foreign investment in Cambodia. The most important thing is that nearly 80% of the local currency in circulation is the US dollar. Under the linked exchange rate system, the Hong Kong dollar is pegged to the US dollar, so that Hong Kong people can avoid investing in other countries when investing in Cambodia. The foreign exchange risk that arises.
At the same time, Cambodia does not have any foreign exchange control, which means that foreign capital can freely enter and exit the local market.
In addition, many well-known international banks have established local branches, such as Bank of China, ANZ, ABA Bank, etc., and 100% of the management of foreign banks is owned by the bank, and the local government has no right to interfere, so that foreign capital can be more assured to invest funds Go to Cambodia.
In addition to capital flow and management advantages, the current local economic system is also the reason why foreign investors are more willing to invest in Cambodia.
According to figures from the World Bank, Cambodia's GDP (gross domestic product) has risen by nearly 7% every year since 2010.
In addition, Cambodia is currently in the golden period of economic development. Not only does the local population grow by 26,400 people every year, the population is only 27 years old on average. This contributes to nearly 60% of the young working population in Cambodia, which is extremely attractive for foreign investment and makes the local population The economy can have long-term sustainable development.
According to data from the World Bank, Cambodia's GDP has grown by nearly 7% every year.
(Source: World Bank)
Large-scale investors can set up factories and do business locally. As small investors, how should they deploy if they want to get a share of the pie?
The simplest and most straightforward way is to invest and buy property in Phnom Penh, the most developed city in Cambodia.
Cambodia passed the "Foreign Property Ownership Act" in 2010, allowing non-locals to freely buy and sell the freehold property rights of two-story or more residential and apartment buildings in Cambodia, and the first installment of the uncompleted property is only 4% of the property price.
In addition to the convenience of buying property in Cambodia, Phnom Penh is also recommended because Phnom Penh is the capital of Cambodia. Foreign investment in Cambodia is concentrated in Phnom Penh and the economy is richer than other regions.
A large number of foreign professionals and local talents have gathered in Phnom Penh, driving the increasing demand for housing in Phnom Penh.
In addition to the continuous completion of local infrastructure in Phnom Penh, the city's light rail will be fully open to traffic in 2023, and the new international airport in Phnom Penh will also be completed. Local transportation and global travel will be more convenient, which greatly increases the potential for property appreciation in Phnom Penh.
According to CBRE data, the land price in Phnom Penh has continued to increase from 2010 to 2019, and the increase in some areas has reached several times!
Although the upward trend continues, local property prices are still considered reasonable among Southeast Asia. As of the second quarter of 2021, housing prices in Phnom Penh were US$3,129 per square meter, which was lower than Bangkok’s US$5,000 per square meter.
The CBRE report shows that the price of housing in Phnom Penh, the capital of Cambodia, is US$3,129 per square meter.
(Source: CRBE 2021 Cambodia Property Market Report)
Li'an Global is the sole agent of the capital.
IFC, located in the center of Phnom Penh, offers open-plan, two-bedroom duplex to three-bedroom units, suitable for singles or families.
Moreover, it is adjacent to the embassy area, and it is also adjacent to the school area and shopping area, which is the center of politics, administration, economy, and life.
It only takes about 5 minutes from the housing estate to the Royal University of Law and Economics.
If you want to shop in the supermarket on weekdays, you can drive to the first phase of Aeon Mall in the city center in about 8 minutes and the Independence Monument in about 10 minutes by car. Shopping centers and supermarkets are within easy reach.
It can definitely attract locals and foreign professionals.
capital.
IFC is located in the center of Phnom Penh, adjacent to the embassy area, school area, and shopping area. It is the center of politics, administration, economy, and life.
(Source: Developer's Picture)
Moreover, the housing estate units have been professionally designed to achieve a "double balcony" design and realize natural ventilation, making it the best interior design award in the Cambodia Real Estate Awards Ceremony.
In addition to facing the White River, residents can enjoy the beautiful river view at home.
capital.
IFC is close to the White River, and residents can enjoy the beautiful river view from the balcony of their home.
(Source: Developer's Picture)
capital.
The excellent design of IFC, together with its perfect living facilities and surrounding environment, is extremely attractive to both foreign professionals and local people.
Moreover, the supply of new real estate in Phnom Penh has decreased in recent years, and renting houses has not been easy, which has greatly increased the local rental return.
According to a CBRE study in the fourth quarter of 2019, Phnom Penh has an average rental return of 7% to 9%, which is definitely a good investment choice.
Moreover, the developer also provides charter packages, so that the landlord can easily collect up to 9% of the rental return in Hong Kong every year without any worries.
capital.
IFC has excellent interior design, and the developer also provides rental insurance plans of up to 9%.
(Source: Developer's Picture)
It is planned and constructed by Hong Kong developer Jin Keng. It is a confident choice for investment in Cambodian buildings. It has high quality assurance for architecture and design.
capital.
When the first phase of IFC went on sale, it was quickly sold out. The property has now been repossessed, showing the developer's quality architectural design.
capital.
IFC was built by the Hong Kong developer Jinkeng Group. The first phase has been completed. The picture shows the residential lobby of the first phase after completion.
(Source: Developer's Picture)
capital.
IFC now offers a choice of open-plan, two-bedroom duplex to three-bedroom units, with a down payment of 30,000 Hong Kong dollars, and more than 600,000 Hong Kong dollars can become owners, taking advantage of investment opportunities in Cambodia.
From October 16th to 17th, Lee On Global will hold the "Exclusive Fair for Riverside Residences in Phnom Penh" at the exhibition hall on the 20th floor of Tower 535, Causeway Bay. Don't miss it if you are interested in investing in Cambodian property.
Event details:
[Phnom Penh Capital, Cambodia International Financial Exhibition Phase II]
Date: October 16 to 17 (Saturday and Sunday)
Time: 11 am to 7 pm
Location: Tower 535, Office Building 20, 535 Jaffe Road, Causeway Bay, Hong Kong Floor Exhibition Hall
(1 minute walk from Exit D1 of Causeway Bay MTR Station)
Free seminars (20 places)
[Cambodia Phnom Penh Real Estate Investment Seminar]
Date: October 16-17 (Saturday and Sunday)
Time: 2 pm and 4:30 pm every day
Location: Tower 535, Office Building 20, 535 Jaffe Road, Causeway Bay, Hong Kong Floor Exhibition Hall
**On Saturday
, only a
star lecture by the top stock analyst Guo Sizhi
at 2 pm, only one session
**Sunday Developer Resident: Analysis of Cambodian Real Estate Trends and Investment Strategies
[Book a one-on-one consultation]
đź“ž/đź’¬ Signal: +852 9168 2585
📧 info@rae-on.com
📱 WhatsApp:https://bit.ly/3agfV7N
#Investment involves risks
(information and photos provided by the customer)
