Cambodia is one of the Far East countries that have gone up and ahead in their development. The state used to be a Least Developed country, but raised its profile to a Lower Middle Income country, which happened within only one year, 2016. Tourism has increased tremendously, and foreign investment is attracted, a great portion of it coming from China. Growing business and tourism push up the demands for suitable properties, both in the capital and in the country.
Phnom Penh, the capital of Cambodia, is booming. Demand, investment and building projects have caused prices to go up significantly. If you are looking for an office for rent in Cambodia or its capital Phnom Penh, prices per sq. m. start at USD 15, according to office for rent in phnom penh, and can reach 25-30 USD per sq. m. Industrial space for rent in the Phnom Penh area tends to be scarce and remains within the USD 1.70 – 2.50 per sq. m. price range. Warehouses for rent in the Phnom Penh area tend to be easier to find than production facilities such as a factory.
Sihanoukville is another notable place in the Cambodia of today. It was named after King Sihanouk, the first ruler of Cambodia after it became independent in the 1950s. Sihanoukville is situated in the southwest of Cambodia, at the tip of a peninsula and is a picturesque place, with miles and miles of beaches going in both directions, and the waters of the Gulf of Thailand around it. They advise that once again, if you are in search of industrial property in the area, such as a warehouse, industrial land or a factory for rent in Sihanoukville or the area, these might prove hard to find. Living space for rent in Sihanoukville is much more abundant, the place being a tourist attraction. The monthly rent varies from 400-500 to 2000 USD.
Doing business in the Sihanoukville area is a good choice, especially if it is connected with the tourism sphere and catering. Sihanoukville has both coasts and rivers, perfect places for beach holidays and water sports. Some examples are the well-developed Ochheuteal Beach, Serendipity Beach, Otres beach and others, each being kilometers long, not overdeveloped and extremely picturesque. One of the beaches is called Hawaii beach, but the name should not confuse anyone – this is the place where the construction of the port began in 1955. And rivers such as the Ou Trojak Jet river are popular for canoeing and lined with the greenery of mangrove trees.