- While some aspects of the company in Cambodia are performing well, others are still gaining traction.
- Somehow, real estate, housing, and agriculture are unaffected at present because they are still in high demand.
- So, investors must be well-versed in the market and the type of
- When the economy is in turmoil, real estate makes it apparent what they should invest in, what possibilities they should take, and what they should avoid.
PHNOM PENH: Cambodia’s current economic condition is still unknown, posing a risk to those who have no prior experience investing in this industry. As a result, investors should conduct research before beginning to engage in real estate.
In a special interview with PropertyArea.com last week, An Sothyta, CEO of PropNex Cambodia, noted that while some aspects of the company in Cambodia are performing well, others are still gaining. Minor effects, such as those in the office and manufacturing industries, are also less affected.
She said. “There is more or less of an influence on retail supply marketplaces such as shopping malls that supply food, apparel, and entertainment venues, with some being able to place orders online rather than go to the mall,” she said.
Ms. An Sothytap went on to say that real estate, housing, and agriculture are unaffected at present because they are still in high demand.
She did note, however, that the real estate sector is a high-risk sector that also requires a lot of investment compared to other sectors, so investors must be well-versed in the market and the type. When the economy is in turmoil, real estate makes it apparent what they should invest in, what possibilities they should take, and what they should avoid.
If the investor has sufficient cash and excellent financials and recognizes that the property is a truly exceptional investment opportunity, he should seize the opportunity, especially if he consults with specialists prior to investing.
Ms. An Sithida continued that investors should be mindful of government growth, such as infrastructure development, and how infrastructure development will affect real estate development, such as former farmland. It can also be converted into residential industrial land, and residential land can be converted into commercial land, so investors should be prepared to adapt.