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Cambodia's Phnom Penh creates a luxurious "Paris Saint Germain" area to attract high-end brands to settle in
Release time:2024-05-01 Source: Qingqiao Number of views:

On the riverbank of Phnom Penh, the capital of Cambodia, a building modeled after the style of Paris, FranceParis Saint Germain is quietly rising. This central business district, named Diamond Island, has attracted global attention in recent years with its unique French style architecture, boulevards, and luxurious facilities. Nowadays, this has become a unique luxury goods development project among impoverished Asian countries.

Diamond Island was originally a swamp, but after careful planning and strong investment by overseas Cambodian investment companies, it has now become a modern luxury area. The company's investmentWith a huge investment of 400 million US dollars, high-end facilities such as high-rise buildings, luxury apartments, international schools, and hospitals have been built here, aiming to provide a first-class living and working environment for local residents and foreign investors.

With the rapid economic growth of Phnom Penh in recent years, the city is striving to attract foreign investors with more competitive property prices. Especially during the reign of Hun Sen, Cambodia's relationship with China became increasingly close, and the influx of Chinese capital injected strong impetus into the construction boom in Phnom Penh. In this context, the diamond islandThe "Little Paris" project has emerged as a new business card showcasing Cambodia's economic vitality and urban charm.

It is understood that the construction of Diamond Island has not only attracted the attention of many local residents and foreign investors, but also sparked strong interest in high-end brands. supportPeople involved in the "Paris Saint Germain" project generally believe that the growing middle class in Cambodia will bring huge potential to the market and is expected to attract more high-end brands to settle in. In the near future, a shopping center with 75 luxury goods specialty stores will open near Diamond Island, further enhancing the commercial value and international influence of the region.

However, despiteThe "Little Paris" project has brought significant economic benefits and urban image enhancement to Cambodia, but the country still faces many challenges in attracting high-end brands. How to change the traditional perception and image of Cambodia from the outside world and enhance its position in the international luxury goods market is a common issue that the Cambodian government and enterprises need to face.

Foward, an expert on the development of Phnom Penh cities at the University of Montreal, pointed out that the current real estate revenue in Phnom Penh is mainly controlled by large companies related to political parties. This phenomenon not only limits market competition, but may also have negative impacts on the sustainable development of cities. Therefore, the Cambodian government needs to strengthen supervision and regulation to ensure the healthy development of the real estate market and create a more favorable environment for attracting more high-end brands and investors.

 


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