{"id":21707,"date":"2016-08-02T18:55:09","date_gmt":"2016-08-02T11:55:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-investing-in-sihanoukville-is-ill-advised-or-not\/"},"modified":"2016-08-02T19:01:16","modified_gmt":"2016-08-02T12:01:16","slug":"why-investing-in-sihanoukville-is-ill-advised-or-not","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-investing-in-sihanoukville-is-ill-advised-or-not\/","title":{"rendered":"Why investing in Sihanoukville is ill-advised (or not)"},"content":{"rendered":"


\nAnother investor is ready to take its chances on the growing tourist hub that is Sihanoukville
\nSihanoukville Beach. Image credit: Damien @ Flickr (Flickr)
\nThe value proposition of taking a dip at one of Cambodia\u2019s beaches is seemingly bigger than ever.
\nInternational investment company, KC JSM Services Ltd, will be ploughing USD119 million into a 60,000-square-metre resort project along White Horse Beach in the city of Sihanoukville.
\nConstruction will begin in October and the target date of completion is within two years.
\nKC JSM\u2019s announcement comes just over a month after the launch of the Cambodia Golden Silver Gulf Resort, a USD3-billion project by a Chinese consortium in the province of Sihanoukville.
\nInvestors have renewed interest in the province as tourists continue to come in droves to Cambodia\u2019s southern coast. According to provincial government estimates, more than 1.3 million tourists visited Sihanoukville in the first five months of 2016 alone, a 16 percent increase from 2015.
\nIn addition, the success of recent projects like HLH Group\u2019s D\u2019Seaview offer an emboldening tale to many investors. The property firm has claimed to have sold more than 51 percent of its D\u2019Seaview units.
\nMore: 12 tips for investing in Cambodia property
\nInvestors may be coming in to Sihanoukville with unrealistic expectations, however. According to Den Sakal, a Sihanoukville-based realtor, luxury property investments in the province in 2015 has not translated to demand this year, and oversupply may be in the offing.
\n\u201cSome major development projects in Sihanoukville have become ghost towns already, and there is a risk that others will too,\u201d he said.
\nIn Phnom Penh, there are signs of a supply glut as well. Around 110 condominium projects, representing 36,742 units, were completed in the first half of the year in the Cambodian capital, compared with sales of 13,730 units over the same period, according to Century 21 Cambodia.
\n\u201cThere are investment opportunities in the market. Though there is an oversupply, sales can increase if we think strategically,\u201d Century 21 Cambodia chairman Kuy Vat told Khmer Times.
\n\u201cI do not have clear information about the oversupply of units. What I can say is that in the next three years we have to strive very hard to attract more investors,\u201d he said.
\nRead next: Could Cambodia\u2019s southern coast be Asia\u2019s next resort hot spot?
\n
\nSource : property-report.com
\nRead more…Why investing in Sihanoukville is ill-advised (or not)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Another investor is ready to take its chances on the growing tourist hub that is...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-21707","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5E7","jetpack-related-posts":[{"id":18830,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-property-developers-should-keep-a-beady-eye-on-cambodias-southern-coast\/","url_meta":{"origin":21707,"position":0},"title":"Why property developers should keep a beady eye on Cambodia\u2019s southern coast","date":"July 6, 2016","format":false,"excerpt":"\r Cambodia\u2019s southern coast is finally getting some overdue attention Sihanoukville\u2019s beaches have long been a draw for tourists. Image credit: Damian @ Flickr Long overlooked for the historical beauty of Siem Reap and the bustle of Phnom Penh, the province of Sihanoukville has been earmarked for more foreign investments.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":659,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/theres-a-new-frontier-of-cambodian-real-estate-for-2016\/","url_meta":{"origin":21707,"position":1},"title":"There\u2019s a new frontier of Cambodian real estate for 2016","date":"January 4, 2016","format":false,"excerpt":"\r And it\u2019s calling on international investors The Royal Sands in Koh Rong, via Facebook Cambodia\u2019s real estate market has been given an overhaul over the last few years in a bid to become more attractive to foreign and local investors. While most of the attention has been paid to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/royal-sands-koh-rong-1024x614.jpg?fit=1024%2C614&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3443,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/could-cambodias-southern-coast-be-asias-next-resort-hot-spot\/","url_meta":{"origin":21707,"position":2},"title":"Could Cambodia\u2019s southern coast be Asia\u2019s next resort hot spot?","date":"February 2, 2016","format":false,"excerpt":"\r While the property market in Phnom Penh remains robust, the country\u2019s\u00a0oft-overlooked coast is carving out\u00a0its own reputation Sihanoukville is broadening its appeal with luxury condos and sumptuous island retreats In Cambodia, all roads have traditionally led to Phnom Penh \u2013 at least from a real estate speculation perspective. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/02\/Sihanoukville-is-broadening-its-appeal-with-luxury-condos-and-sumptuous-island-retreats.png?fit=740%2C492&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":132598,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sea-to-summit-where-can-foreign-investors-invest-in-cambodia\/","url_meta":{"origin":21707,"position":3},"title":"Sea to summit: where can foreign investors invest in Cambodia?","date":"March 19, 2019","format":false,"excerpt":"\r Wedged between the South China Sea and the economic dynamos of Thailand and Vietnam, Cambodia is jockeying to become a major player among emerging Asian markets. Like Laos to its north, the kingdom has in recent years trebled an influx of property investments from China\u2019s globe-trekking Belt and Road\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132612,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cambodias-property-sector-rises-above-politics\/","url_meta":{"origin":21707,"position":4},"title":"Cambodia’s property sector rises above politics","date":"March 15, 2019","format":false,"excerpt":"\r Last year was the one many hoped would see the political tide turn in Cambodia. But as Hun Sen chipped away at Cambodia\u2019s thin veneer of democracy in the months leading up to last year\u2019s election, it was clear the status quo would remain unchallenged. Hun Sen crushed the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132588,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/7-questions-with-leading-cambodian-property-expert-sorn-seap\/","url_meta":{"origin":21707,"position":5},"title":"7 questions with leading Cambodian property expert Sorn Seap","date":"March 22, 2019","format":false,"excerpt":"\r Cambodia\u2019s property market has borne witness to frenetic changes in the last three years.\u00a0From the increasingly luxurious condo market of Phnom Penh, the capital, and the hospitality offerings of Siem Reap, its spiritual capital, to the casinos of Sihanoukville and the economic zones in Poipet and Bavet, the kingdom\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/21707"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=21707"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/21707\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=21707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=21707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=21707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}