As one of the countries with the most economic vitality and development potential in the world today, Cambodia has come into the focal point of investors from all over the world.
Economic Development
Cambodia’s economic performance has drawn the world’s attention, with its GDP growth exceeding 8% for eight consecutive years in the past 10 years, and imports and exports has driven growth for international organizations the world over. According to the General Administration of Customs, Cambodia’s total imports and exports reached US$48 billion in 2022, an increase of 28.2% compared to that in 2021. The Cambodian government promotes the development of tourism and has been in close economic and trade cooperation with ASEAN countries for a future of prosperity.
Investment Inclination
Sentiment of real estate investors is skewed towards the Asia-Pacific region in 2022, with AmCham Cambodia survey showing that 62% of people believe buying property in Cambodia is rational investment. According to Knight Frank’s 2022 Wealth Report, real estate remains the cornerstone for the investment of many high-new-worth individuals, accounting for an average of 27% of investable wealth.
Asset Preservation
Cambodia is the world’s third largest countries when it comes to US dollar asset. The US dollar is the most hedged currency of today in the world. The return rate on real estate investment in a USD market is about 8-10%. Properties in Cambodia is of freehold, and the Cambodian government allows foreign nationals to buy Cambodian property and share equal privileges as the Cambodians. Properties in Cambodia do not have a pooled area, the area on the title deed is the floor area, therefore offering more values as an asset.
A New Future for Central Living District
Every cosmopolitan city has its own central living area (CLD): in New York, it’s the Central Park in Manhattan, and in Paris, the Champs-Elysees. CLD is an area located in the center of an urban space and has a complete living system and excellent ecological and cultural facilities, which create a three-dimensional space for efficiency and convenience. Therefore, “working in the CBD, living in CLD” has become a goal for modern urbanites.
In downtown Phnom Penh, Cambodia, the area run alongside Monivong Blvd has become a full-fledged central living area. This is where most Cambodia’s government offices and important facilities reside: the Ministry of the Interior, the General Commissariat of National Police, the Ministry of Agriculture, Forestry and Fisheries and other important government departments, as well as many embassies and consulates, international schools such as ISPP, Paragon, Royal University of Law and Economics, among other famous institutions, Sofitel, Baise River Restaurant and NagaWorld. Four major complex building developments by Prince are situated in this area, in close proximity to Mega Mall, AEON Mall 1, PH Mall and the Central Market.
The Four “First Concepts” of Prince Happiness Plaza
Like Upper Manhattan, a city’s CLD is bound to be high-end neighborhoods. With its financial strength and excellent strategic vision, Prince Group has invested heavily in building Prince Happiness Plaza located on Monivong Boulevard. This property development introduces four “first” concepts: the first international high-end complex building integrating residence, office, social, hotel and shopping, the first office building with a sky garden, the first five-star hotel-style condominium in Phnom Penh (contract with hotel operator soon to be signed) and the first condominium to offer combined services from three property management providers. It is tailor-made for the delight of urban elites in Phnom Penh.
Building A Better Life
Prince Happiness Plaza offers apartments with a square layout in a floor area of 32-96m². Small studio in a 32m² space, with high space utilization, offers excellent natural lighting ; the exquisite 52m² one-bedroom apartments boast supreme ventilation and lighting; the 96m² two-bedroom apartments are spacious enough for your active indoor lifestyle without compromising a space for tranquility, meeting the demand of most homebuyers with our refined workmanship.
Prince Real Estate Group will continue to fulfill its mission of “building a better life” into the future and bring more surprises to the Cambodian real estate market.
Enjoy the following privileges with your Prince Happiness Plaza purchase:
- Risk free: Developer promises to “repurchase your property at the original price” unconditionally 5 years after handover.
- Additional privileges: Your property purchase comes with the Prince Black Card membership, allowing you to enjoy a variety of VIP services offered by Prince. Enjoy exclusive discounts and services at Cambodia Airways, Prince Manor, Prince Clubhouse, among many others.
Contact us: (+855) 023 951 666
Address: 93 Monivong Boulevard, Sangkat Tonle Bassac, Khan Chamkarmon, Phnom Penh
