PETALING JAYA: As a developing country, Cambodia is expected to thrive in coming years. Construction and transportation infrastructure development are expected to play crucial roles in the country’s development.
Knight Frank Cambodia research and consultancy manager Sofia Perez cited that Cambodia’s economy is expected to expand by approximately 7% in 2015 and 2016.
The economy is increasingly driven by growing domestic demand, with the construction industry being one of the main contributors to gross domestic product during the first nine months of 2015.
According to the Ministry of Land Management, Urban Planning and Construction, during the first nine months of 2015, investments in the real estate and construction sector had a combined worth of US$1,752mil during the corresponding period of 2014, equating to an annual increase of 13.8%.
The top five investing countries were South Korea, China, Japan, Britain and Malaysia, indicating that the majority of investment inflows into Cambodia still originate from countries within Asia.
Asian integration
Phnom Penh is expected to thrive with the development of a railway line from Bangkok to Cambodia’s capital.
This project is part of the eastern corridor of the Singapore-Kunming Rail Link, a key link in increasing connectivity among Asean member states.
The Cambodian government will focus on completing a 6.5km railway stretch between Poipet and Sisophon by mid-year 2016. After this, they will also look at running trains from Phnom Penh to Sisophon, as well as looking into the possibility of having trains to Singapore.
Cambodia Chamber of Commerce advisor Ho Vandy said the new connection will increase tourist arrivals from Thailand, and give Cambodians a low-cost and quicker option of travelling to Thailand for business or pleasure.
This development implies further economic growth for Phnom Penh and Cambodia.
A tranquil living address
Rising at the heart of transforming Phnom Penh is Creed Group’s Bodaiju Residences. The development is strategically located on Russian Boulevard, a prime location of high real estate value.
Its close proximity to major amenities and noteworthy landmarks such as the Phnom Penh International Airport, Phnom Penh Royal Railway Station and Lion Mall makes this development an ideal place to live in.
What makes Bodaiju Residences unique is its beautifully crafted estate that is generous in space, design and natural splendour with a wide variety of foliage and greenery emulating an urban meadow.
A green estate set within beautiful and contemporary landscaped gardens, this development offers a balance of luxurious modern living in the heart of nature.
Elegantly crafted landscapes and lush exterior garden decks complement the smartly designed interiors with contemporary aesthetics. Its design is a statement of sophistication that captures details of luxurious modern living.
Ready to make the investment of a lifetime? Contact GS Realty, the marketing agent for Bodaiju Residences, for more details.