Cambodia a Magnet for Singaporean Investors

• Proeksa Meas
• 3 October 2016
• Local News
• 1606 Views

Cambodia’s sustained economic growth and open foreign investment regulations have made it a magnet for Singaporean real estate investors.

According the Council for the Development of Cambodia (CDC), Singapore is now the third largest investor in the kingdom after China and the UK, with real estate development one of the most prominent sectors.

The Bridge and the Peak, two of the capitals’ most iconic developments are owned by Singapore’s Oxley Holdings, and Huttons Real Estate Group have also entered the market reflecting the interest in purchasing condo units among Singaporean investors.

A Double Taxation Agreement (DTA) between the two nations minimising double taxation on income on cross-border investments has also made Cambodia a more attractive investment within the ASEAN bloc.