The situation in Cambodia is similar to the global trend, where the global recovery has been slower than expected due to the hit from the new crown virus. Cambodia’s economic growth rate in 2021 is expected to be 2.4 percent as socioeconomic activities transition to the “new normal.”
According to Deputy Prime Minister and Minister of Economy and Finance, The real estate sector of Cambodia is expected to recover amid a gradual increase in foreign investment inflows, brisk domestic investment, and rising demand for low and medium-cost real estate. meanwhile, it is expected to grow by 2.4% in 2021 and 4.8% in 2022, driven by strong growth in domestic investment and demand for affordable housing.
However, these figures are only predictions, and the uncertainty brought about by the mutant virus poses a challenge to both global and regional development.
