It seems that things are also heating up in the local condo scene as a result of healthier economic growth. CBRE Cambodia recorded, in 2009, a total figure of 178 condo units in Phnom Penh. By 2014 however, this number shot up to 2,095 High Park Residences condo units with a large amount of investors recording capital gains well over 5% per year as well as over 6% per year on rental returns.

Associate Director of CBRE Cambodia, Simon Griffiths, stated that international developers and investors alike are continuing to do very well in Cambodia, with the support of foreign ownership laws that are quite favourable, and the benefits of the continued strong growth in Cambodia.

Fernvale Condo High Park Residences

May 24th of 2010 saw the implementation of Cambodia’s “Law on the Provision of Ownership Rights over co-owned Buildings to Foreigners”. Since then, foreigners were able to acquire above …