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What you Need to Know About Siam Reap

Regarded as the fashionable epicenter of Cambodia, Siam Reap’s former village appearance has transformed into the biggest construction city across the country. Known as the "City of God-Kings,” it boasts an array of religious monuments and temples such as Angkor Wat, the biggest religious site in the world.

Constantly evolving, Siam Reap is ideal for both real estate investors and travelers alike offering world-class dining, luxury spas, hip hotels, and an exciting cultural scene. With more than a million tourists visiting Siam Reap each year, it is now considered to be the fastest growing destination across Cambodia.

Types of Property in Siam Reap

Similar to the capital Phnom Penh, properties in Siam Reap are split into several categories including traditional style Cambodian shophouses. There is a broad selection of budget-friendly guesthouses in Siam Reap providing reduced rates subject to rent for at least four weeks. Condos or one-bedroom apartments are usually fully furnished and located in brand new or refurbished blocks.

Easy to maintain and rent out, they feature extensive facilities such as swimming pools, gyms and round the clock security. Although rental yields are small, condos are extremely sought after thanks to increased levels of tourism and foreign investment. A prime example is this stylish 11 bed, 11 bathroom apartment in Pouk. Other noticeable property areas include Sla Kram, Sala Kanraeuk and Svay Dankum.

Popular Areas in Siam Reap

Some of the hottest areas in Siam Reap are situated around the iconic Angkor temples, providing a gateway to exploring this exciting destination. The charming Old French Quarter is a throwback to Cambodia’s colonial past. Gaze at the mélange of striking buildings or stroll through the narrow streets dotted with shops, restaurants, and quaint cafes.

You will find extensive property choices around the Old Market and Pub Street due to the continual stream of tourists. This lively area is within close proximity of the French Quarter. Opened last year as part of its continuing economic growth, National Road 6 is where there are other potential investment opportunities. This main artery connects three provinces and is a short cab ride from Siam Reap International Airport.

An abundance of accommodation awaits tourists with spa resorts, shopping malls, coffee shops and several dining options all easily accessible on foot. Near to Angkor night market is another location where properties are springing up. In contrast to Phnom Penh, Siam Reap’s property market has remained stagnant allowing plenty of growth opportunities in the short term.

Lifestyle in Siam Reap

Brimming with restaurants, bars, hotels, cafes, and thriving markets, Siam Reap’s tourism sector has undergone a major boom. A major draw for tourists is the Angkor Wat temples which have been recognized as official UNESCO World Heritage sites.

Home to several religious monuments, go back in time at the Angkor Archeological Park filled with remains that date back to the Khmer empire. Stretching across more than 400 square kilometers, experience sunrise at Angkor Wat, discover Ta Prohm, home of the Tomb Raider movie, marvel over Angkor Thom or head to Bayon Temple with its striking 50-plus towers. Take to the water on a kayak adventure down the Tonle Sap with uniquekayakcambodia.com whilst adventure enthusiasts can get their fix and learn about rural Cambodia with Siem Reap Quad Bike Adventures.

When in Siam Reap, take advantage of several distractions that will ensure a memorable trip. An evening at the high energy Phare or Cambodian Circus is guaranteed to excite and entertain. Meanwhile, there are a number of different markets to choose from selling a variety of goods. Don’t miss the original Angkor Night Market that has been a city favorite for many years. Built in the 1920s, the bustling Psar Chas (Old Market) lies in the center of historic Siem Reap.

Noon Night Market is another popular haunt offering 100-plus stalls where you can purchase silverware, ornaments, engravings, clothes and more. For something more unique, the Made in Cambodia Market attracts a diverse crowd. Based at King’s Road Angkor complex moments from Siem Reap River, it promotes handmade goods from across the globe. Immerse yourself in Vietnamese and Chinese arts and crafts as well as goods from a collection of designers and local artisans.

Top 5 Reasons Why to Invest in Siam Reap

  1. Foreign Investment—According to Santander, the construction industry is the main source of foreign investment in Cambodia with the majority coming from mainly Asian funding. This has led to new infrastructure and brand new railways allowing greater connections to Cambodia’s major towns including Siem Reap.
  2. Growth Market—Investment opportunities are ever increasing in Siam Reap due to ongoing building works and a sluggish property sector. This wave of new buildings and sky rise developments is set to continue in the long term.
  3. Government Law—After April 2010, the new Foreign Ownership Property Law came into existence. This ensures buyers have the ability to own not only condo units but apartments not to mention up to 70% of a specific condominium scheme.
  4. Monetising Revenue—As Cambodia’s tourism sector gathers pace with nearly 5 million visitors last year, there are possibilities to increase capital. Other avenues including renting out properties on a short term basis via Airbnb or Roomarama are an ideal solution to earn further capital.
  5. Lucrative Rentals—A higher rental yield than Singapore and most countries in the region means more foreign investor confidence and interest. At present, the condominium market has exploded across Cambodia which is also fueled by an upturn in economic growth.