Sihanoukville has grown rapidly the past years and now attracts a big amount of investors and tourists.
Previously a sleepy tourist destination that was infamously known for attracting Western foreigners who were partying a bit too hard, it’s now attracting casino visitors, people enjoying its beach resorts, investors, and more.
Not to neglect, except for tourism, it’s also engaged in a number of other industries like textile, manufacturing, and agriculture.
In this article, I explain the opportunities to buy land in Sihanoukville.
Sihanoukville property market
Much investment pours in to build condos, casinos, and other property that will help to cater to more visitors, mainly from China but also locals.
Yes, the Chinese are taking over the property market in Sihanoukville.
Just listen to this:
Previously, Western companies made up 75% of all investments in Sihanoukville. Nowadays, an almost equally big share of investment is covered by the Chinese – alone.
Locals are even afraid that the Chinese will take over the real estate market completely, making Sihanoukville into a “Chinatown”.