IQI Hong Kong, a leading real estate agency, announces a strategic partnership with Mykey Global, the fastest-growing property management and hospitality platform in Malaysia, now rapidly expanding throughout Asia.
This collaboration will enable IQI Hong Kong to offer Mykey’s advanced property management platform to Hong Kong-based investors in Cambodian properties.
Cambodia has drawn significant investment from Hong Kong and mainland China, with many Chinese firms setting up operations due to its advantageous geographic position and lower labour costs, which help diversify supply chains.
This influx of foreign investment has fuelled the growth of the economy and residential real estate.
In the first two months of 2024 alone, foreign investment inflows into Cambodia surpassed $1.3 billion, with Chinese investors (including those from Hong Kong) contributing nearly 40% of the total.
Residential real estate investment in Cambodia is particularly popular among Hong Kong investors due to the market’s rapid price growth and high yields.
Residential market volume is projected to reach US$554.70 billion in 2024 and US$639.50 billion by 2028, driven by the rise of new luxury condominiums.
Michelle Chan, Head of IQI Hong Kong, commented on the new partnership, “Cambodia is experiencing a boom in foreign investment, particularly in the real estate sector, driven by its strategic location and economic potential.
Our collaboration with Mykey Global allows IQI Hong Kong to offer unparalleled property management and hospitality services to our clients.
Michelle Chan, Head of IQI Hong Kong
By integrating Mykey’s expertise in managing rental and hospitality properties, we help our clients maximize their returns on Cambodian property investments while providing superior service to their customers.”
Debbie Leow, Managing Director of Mykey Global, shared her enthusiasm for the partnership. “We are thrilled to partner with IQI Hong Kong.
This agreement underscores our commitment to leveraging our top-tier property management and hospitality solutions to improve the buying, selling, and management of properties throughout Asia.
We look forward to offering our clients the best in smart property solutionsand helping them improve their investment returns.