The huge wealth effect of China property market makes buying a house the most important financial management method for China people. They not only buy houses in buy buy, but also in developed countries such as Europe and America.

However, last year, house prices in major cities around the world fell from high points, and Sydney, Vancouver, London and other hot cities where China people bought houses all suffered from Waterloo. In sharp contrast, the potential cities in Southeast Asia have become the new favorites of China buyers.

China buyers favor Phnom Penh real estate.

"Phnom Penh was Shenzhen 30 years ago, Shanghai 20 years ago and Singapore 10 years ago." This is an advertisement made by a developer in China.

In recent years, Phnom Penh, the Cambodian capital of Southeast Asian countries, has gradually attracted the attention of buyers in China. Nowadays, the influx of China buyers has promoted the rapid development of the real estate market in Phnom Penh. In this Southeast Asian city, which was once famous for its French colonial villas and modernist "Neo-Khmer architecture", expensive high-rise apartments have mushroomed.

According to media reports, according to the report of the Ministry of Land Planning and Construction of Cambodia, from 2000 to 20 17, there were 287 real estate projects developed by foreign companies in Cambodia, with a total investment of 4.297 billion US dollars. Among them, China enterprises have 1 10 projects with a total investment of165.6 billion US dollars, accounting for nearly 40%, and China enterprises have also become the largest investors in Cambodian real estate.

According to Bloomberg, Yuetai Group's projects in Phnom Penh include 24 high-rise buildings along the river in the city. Guangzhou R&F Group also acquired land in Phnom Penh and plans to build 5,000 houses. Xinjianye Group in China and Macau also plans to spend $2.7 billion to build a 133-storey Twin Towers in Phnom Penh, which will become one of the tallest buildings in the world.

These developers are targeting China buyers. According to media reports, a local Chinese insider said that more than 80% of the properties of China developers were sold to China investors, and a few were sold to Cambodian locals.

Reuters visited five real estate sales departments in Phnom Penh, including projects sold by Singaporean and Korean developers. They were all received by sales agents who could speak Mandarin.

According to the data provided by juwai.com, a global overseas real estate website, to national business daily, among all Cambodian cities, China buyers in Phnom Penh have the largest number of inquiries. In 2065438+2008, the number of inquiries from buyers in China increased by more than 550% over the previous year, among which 78% of buyers in China inquired about properties with a price of 50,000 ~ 250,000 dollars. Among China buyers who buy houses in Cambodia, 88.7% are for investment.

Juwai.com CEO Luo Xue Xin told reporters, "China buyers' interest in Cambodian real estate is increasing year by year. They hope that Cambodia's real estate will appreciate in the future, which is different from buying a house in developed countries with the focus on rent collection and value preservation. We believe that China buyers should first do their homework and eliminate the information gap, because higher than the usual return on investment is often accompanied by market uncertainty. "

According to CBRE data, as of the second quarter of 20 18, the average price of high-end apartments in Phnom Penh was $3,200/m2, up 60% compared with the same period of 20 13. CBRE also predicts that the supply of management apartments in Phnom Penh will double this year, reaching more than 20,000 units. For Cambodia, the second poorest country in Southeast Asia, some approved huge projects are particularly dazzling.

According to the statistics of the International Monetary Fund (IMF), in 20 17, Cambodia's per capita GDP was only 1390 US dollars, ranking 153 in the world.

Ross Webb, head of KnightFrank China, an international real estate agency, said in an interview with Bloomberg: "In my opinion, the development speed of Phnom Penh is amazing. The high-end apartment market is definitely oversupplied. Although sales have slowed down and rents have fallen, only a few Cambodians are still able to buy these apartments. In order to make the market sustainable, there must be demand from Cambodia. "

"sell more than 20 apartments a month"

Another Southeast Asian country favored by China buyers is Thailand.

According to local media reports in Bangkok, China buyers have become the largest foreign buyers in the apartment market in Thailand. Since 20 15 years, China buyers have invested more than 10 billion dollars in managing apartments in Thailand, which is equivalent to the sum of Japanese and Singaporean buyers.

Ruisi Real Estate, a local developer in Bangkok, said that one out of every five apartments built in Thailand will be owned by buyers in China, Chinese mainland or Hongkong. As foreigners are forbidden to own land in Thailand, apartments are the only property type that China buyers can buy in Thailand.

"We sold more than 20 apartments from 2065438 to July 2008, and the buyers were all from China." Fame Zhu, a Bangkok agent, said in an interview with Nikkei Asian Review.

The reporter of the National Business Daily learned that the buying craze of China buyers has spread from Bangkok to Chiang Mai in the north of Thailand and Phuket in the south, including Pattaya, where China real estate advertisements can be seen everywhere.

The Bangkok Post reported that in the past, few developers from Bangkok went to Chinese mainland for commercial roadshows. However, in the past decade, all apartment developers in Bangkok began to pay close attention to China buyers because of the surge of China tourists visiting Bangkok.

At present, tourists from China account for 30% of foreign tourists in Thailand. Some China tourists who travel to Thailand will take time out to see the apartments and major resorts in Bangkok.

So, what makes Thai apartments so popular with China buyers?

The Nikkei Asia Review reported that this is because regulators in other places have taken stricter measures to prevent real estate speculation. For example, in August last year, New Zealand banned most foreigners from buying real estate in their own country-in Auckland, New Zealand, local house prices soared by 75% in four years, which became more and more unbearable for local people. In addition, cities such as Vancouver, Singapore and Sydney also impose heavy taxes on foreign buyers.