Property for sale in Sihanoukville, Preah Sihanouk

Located on the Gulf of Thailand, Sihanoukville is one of Cambodia’s most popular beach resorts, attracting nearly two million visitors last year according to the Cambodian Ministry of Tourism.

It still remains a gateway to explore the regions powdery white beaches and numerous islands. This southern beachside town is gradually becoming an essential Cambodian tourism hub embarking on a new wave of modern development. This includes stylish boutique hotels, casinos and apartment blocks making it appealing for real estate and foreign investors.

There are a host of rental houses, apartments, modern development blocks, contemporary houses, villas, and condos in Sihanoukville to choose from suiting a range of budgets. The most expensive properties can be found closer to the city center near Ekerach Street whilst properties between Ochheuteal Beach and Tor Pir offer significant investment potential. Further commercialization in the area has led to a sharp rise in foreign interest with increased rental rates. Shophouses fall into the mid-price category and can generally be found around Sangkat Boun.

Although kitchens and facilities are basic, these properties usually extend across three or four floors and can be rented individually or as a complete house. One and two bedroom apartments are better equipped but are slightly pricier and situated in and around the Mittakpheap District. The most recent upturn can be seen close to the pristine beachfront area of Sihanoukville notably in Sangkat Buon and Sangkat Bei.

Comprising of four separate districts, known as Sangkat 1,2,3 and 4, there are a lot of investment opportunities in Sihanoukville. Featuring a burgeoning economic, tourist, residential and business hub, the city is thriving with new and exciting beachfront building projects.

Some of the best areas include Sangkat 4 around the popular Otres Beach, Ochheuteal Beach, Sokha Beach, and Phsar Leur. Several new sky rise house developments are already underway in Sihanoukville such as the Chinese led $200 million Blue Bay project. This elegant condominium development benefits from exclusive beach accommodation in Sangkat Bei and is less than a 10-minute drive to the city center.

Ranging from one to three bedroom apartments, no attention has been spared across each private modern residence. Ideal for either short or long term stays, amenities include a swimming pool with breathtaking sea views, a shopping mall and an impressive choice of bars and restaurants.

This once former seaport is dominated by glorious beaches and excellent growth when it comes to the real estate sector. Filled with glitzy casinos, shopping malls, and sophisticated hotels, Sihanoukville is home to an uninterrupted collection of golden coastlines. For sun lovers, Ochheuteal Beach has numerous bars and seafront restaurants whilst quieter beaches include Independence Beach and Victory Beach boasting fabulous sunset views. Another quieter spot is Otres Beach just south of Ochheuteal Beach offering beach bars and plenty of dining choices nearby.

Located 30 kilometers from Sihanoukville, uncover diving and snorkeling in Koh Rong and Koh Tang. The best times are mainly between December and April where you can enjoy majestic flora and fauna from whale sharks to barracudas. Enjoy crystal clear water and unspoiled beaches for a memorable excursion.

For adventure-enthusiasts, Ream National Park lies just 17 kilometers from the center of Sihanoukville. Easily accessible as a day tour, it is Cambodia’s first official post-peace green space. Stretching across 200 square kilometers of lush terrain, it features salt-water caves, wetlands, coral reefs, magnificent rivers and the islands of Koh Thmei and Koh Seh. Explore the trails and pathways around or get up close and personal with exclusive dolphin tours usually taking place between November and April.

Take a boat trip or simply marvel at the impressive 150 species of birds that call this national park their home. Culture vultures can visit Sihanoukville’s biggest market Pshar Leu with all manner of items on sale, whilst the hilltop Buddhist inspired Wat Leu has majestic scenic views. It is no wonder that Sihanoukville is fast becoming Cambodia's premier seaside destination.

1. Infrastructure Investment—Cambodia’s continual transformation has seen major capital injections in both infrastructure and telecoms contributing to its growing economic strength.
2. Chinese Interest—A growing influx of Chinese residents are moving to Sihanoukville making the area a haven for foreign investors, real estate and a host of industries. Consequently, rental properties and demand have soared. With more than 1 million visitors and growing, China accounts for the majority of overseas travelers. Sihanoukville’s Chinese expat community is just as strong with 70% of work permit requests specifically from the country. A newly created special economic zone (SEZ) has also seen numerous companies formed in the area featuring 100-plus Chinese firms.
3. Transport Connections—Accessibility has never been greater with convenient travel to other destinations in Cambodia via the National Road Number 4. As part of the Belt and Road initiative, rail links offer direct links to Phnom Penh. A brand new expressway between Phnom Penh and Sihanoukville is due to start in November 2019 with an expected completion date by the end of 2023. Sihanoukville International Airport will be renovated bringing extra passengers and planes to the region as well as surrounding areas. These factors are already contributing to why there are currently such excellent investment opportunities in Sihanoukville.
4. Glorious Shorelines— Sihanoukville’s enviable stretch of pristine beaches close to several facilities make it appealing for many sectors and real estate investors ensuring it ranks second among Cambodia’s most popular tourist hubs.
5. Rental Returns—Growing tourism interest and Chinese investment have led to a boom when it comes to rental prices in Sihanoukville. Yields are up more than a staggering 500% on many rental properties in the area with building work set to continue at a rapid rate.