Phnom Penh 4th Most Popular Asian Destination for Chinese Lgbt Property Buyers

• Proeksa Meas
• 13 November 2018
• Local News
• 1870 Views

As the Chinese outbound property investment market diversifies and becomes more sophisticated, a recent survey has shown Phnom Penh to be in the top five Asian destinations for Chinese LGBT property investors.

With household wealth estimated to be worth US$1.5 trillion and annual purchasing power in 2017 of US$938 million combined with a high level of domestic prejudice, China’s 90 million-strong LGBT (Lesbian, Gay, Bisexual, Transgender) community are increasingly investing in property in more ‘friendly’ Asian destinations.

The recent study by China property portal Juwai.com highlighted the top five Chinese LGBT property investment destinations to be Bangkok, Phuket, Manila, Phnom Penh and Ho Chi Minh.

As well as Cambodia’s welcoming attitude to LGBT travelers and investors, the nation’s embrace of China’s One Belt Initiative and the ability of foreigners to 100% own condominiums has contributed to its popularity as an investment destination.

• Business and Market