Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia nabs 12th place in best retirement destinations

Cambodia nabs 12th place in best retirement destinations

Content image - Phnom Penh Post
Expats Peter and Anne Kirchhoff in the limelight for German TV show Pensioners Under Palm Trees. Miranda Glasser

Cambodia nabs 12th place in best retirement destinations

Cambodia is an expatriate hotspot for those dreaming of living a more luxurious lifestyle at an affordable cost, according to International Living’s Annual Global Retirement Index 2019.

For the fourth year in a row, Cambodia took the top spot in the Cost of Living category.

The report detailed the best places for foreign retirees to live in 2019 and scored the country full marks of 100 out of 100 for the cost of living.

Vietnam ranked second with 99 points with Thailand third on 94 points. Peru and Bolivia were tied for fourth to complete the top five.

The Annual Global Retirement Index ranks the 25 best retirement havens in the world.

Cambodia ranked 12th overall in the list of best retirement destinations, scoring overall points of 81.2. Thailand was placed ninth on 83.5, with Vietnam 19th on 79.4. Panama in Central America topped the list, scoring 100.

Thirteen categories

These are then sub-divided into 13 categories. The first four are financial – buying and investing and renting, in which Cambodia came fourth out of 25; benefits and discounts; and cost of living, where Cambodia ranked first.

The health categories are healthcare; healthy lifestyle; and climate. Under lifestyle, the magazine scores visa and residence; fitting in, where Cambodia tied with Malaysia in seventh; and entertainment and amenities.

The final three categories take in governance – development; governance; and opportunity.

Ministry of Tourism spokesman Tob Sopheak said on Monday that the number of foreign arrivals in Cambodia increased 10 per cent last year compared to 2017.

“Cambodia should be proud of this. The Kingdom has become a world-class destination [for foreign retirees],” he said.

There are four key factors, he said, that brought retirees to Cambodia – peace and safety; pleasant weather conditions for the elderly; affordable housing and food; and government policy allowing foreigners to buy houses in Cambodia.

“Cambodia has a good climate – not too hot or cold – so it is favourable for older people to stay to maintain good health and enjoy an affordable cost of living. Some retirees regard Cambodia as their second home,” he said.

Chhay Sivlin, the president at Cambodia Association of Travel Agents, said the Kingdom is a good tourist destination for retirees – or tourists in general, thanks to the many options on offer.

She said the index will help Cambodia attract more visitors.

“This report will help Cambodia receive more and more tourists, especially more foreign retirees who come to stay for longer,” she said.

However, Sivlin said that so far the number of foreign retirees in the Kingdom is not yet as high as in neighbouring countries.

MOST VIEWED

  • Kingdom's Covid cluster cases jump to 194

    The Ministry of Health on February 25 confirmed 65 new cases of Covid-19, with 58 linked to the February 20 community transmission. The latest cluster cases include nine Vietnamese nationals, five Cambodians, one each from Korea, Singapore and Japan, with the rest being Chinese. This brings the total number

  • Locations shut, dozens more Covid-19 positive

    The Ministry of Health has closed 23 locations in connection with the February 20 community transmission of Covid-19 and summoned for testing anyone who had direct contact with affected people and places. The number of discovered related infections has risen to 76, including 39 women. In a press release,

  • Cambodia's Covid cluster cases rise to 137

    The Ministry of Health on February 24 recorded 40 more cases of Covid-19, with 38 linked to the February 20 community transmission. Of the 40, two are imported cases involving Chinese passengers. The 38 include two Vietnamese nationals and one Cambodian, with the rest being Chinese. This brings the total cases

  • Covid cluster raises alarm, health bodies urge vigilance

    The Ministry of Health and the World Health Organisation (WHO) in Cambodia have expressed great concern over the February 20 cluster transmission of Covid-19 in the community. Both entities appealed for vigilance and cooperation in curbing further spread of the virus. Ministry spokeswoman Or Vandine said

  • AstraZeneca jabs touch down in Phnom Penh airport

    The first shipment of 324,000 doses of the AstraZeneca/SII vaccine which was provided through the Covid-19 Vaccines Global Access (COVAX) Facility was delivered to Phnom Penh International Airport on March 2. The rest of the COVAX provided vaccines will arrive in Cambodia at a later date.

  • Preah Sihanouk hit with travel ban

    Preah Sihanouk Provincial Administration has announced a temporary travel ban to and from the province, except for ambulances and trucks transporting goods. The announcement came after prime minister Hun Sen called on people in the province to travel only if necessary, and that people not