Phnom Penh's property market activity continues to be stifled especially in the month of September where daily cases picked up. As has been the trend, the rise in cases and the spread of the delta variant coincided with a dip in median sale prices and search queries for both new and existing condo projects.It is important to note, however, that despite the recent rise in new cases in September, figures are still well below the peak experienced in July 2021. Cambodia’s vaccination drive and constant reminders of health guidelines have paid dividends in meeting its target vaccination of more than 80% in late September 2021.The vaccination push, now focused on the younger demographic, has led to government officials mulling a full reopening of the economy - highlighting the country will be open to vaccinated tourists and investors.Tourism plays a key role in Cambodia’s real estate market. According to the Asia Development Bank, the industry provides a significant 2.2 billion USD (11.5%) of GDP and employs almost 800,000 people. It is a large part of the economy playing a hand in how residential rentals (apartments/guesthouses/hotels) and commercial rentals (shopping/community malls, shophouse-based businesses) perform in a given period of time.Allowing more visitors to enter the country - given safety measures are in place - will reintroduce the promise of growth that attracted foreign investors to Cambodia in the first place. The final decision to reopen is expected to be made public by late October 2021.Sales pricesSales prices for 1-bedroom and 2-bedroom properties saw a dip in September by as much as 5%. This may be attributed to the new daily cases of over 800 recorded towards the end of the month. Recorded sale prices noticeably decrease during months of daily cases peaking, causing concern and reservation from property buyers.Standing out from the pack are 3-bedroom apartments, seeing a bump of 7% in median sale prices.Overall condominium price trendOverall condominium price trendUnit TypeMedian Price Per SQMMedian Unit Size1-bedroom$1,761 (-5% from August)45 sqm2-bedroom$2,061 (-5% from August)75 sqm3-bedroom$2,387 (-7.5% from August)121 sqmPressure from COVID-19’s persistence is felt more by new developments in Phnom Penh. Popular developments like WorldBridge Sport Village have introduced a new set of discounts across its high-rise and landed property selection.For the past half-decade, new developments in Phnom Penh have mostly attracted foreign buyers looking for property investment opportunities. But with the Kingdom’s de facto “closing off” to most tourists and international travelers, prospects of these properties to the international market dwindled through 2020 and most of 2021.Rent priceRent prices continue to experience pressure from the lack of tourists, the exodus of expatriates, and the overall tenant pool dying up the longer quarantine measures are in place.As of September 2021, median rental prices by bedroom in Phnom Penh are:1-bedroom apartment rent per month: 600 USD (No change from August)2-bedroom apartment rent per month: 950 USD (5% change from August)3-bedroom apartment rent per month: 1,800 USD (No change from August)Since borders are still largely closed, the tenant market remains small, allowing renters some room for negotiation. Though this might change when Cambodia decides to reopen pending a decision from the Royal Government.NOTE: Values displayed above are median prices. Newly listed affordable accommodations in prime areas can be found on Realestate.com.khPopular districtsCharmkarmonRemains the most popular district to look for property in Phnom Penh in September 2021. It is a popular place for renters both local and foreigners looking for accommodations at reasonable prices. Popular subdistricts are Tonle Bassac and Toul Tompoung I.Most popular properties searched:Apartment/condoLanded houseCommercial propertyLand propertyBoeung Keng KangThe BKK1 area specifically remains a popular choice among many property seekers, especially among the well-to-do in Phnom Penh. The BKK district’s popularity stems from its central location, modern residential choices, and quality of life services.Most popular properties searched:Apartment/condoLanded houseCommercial propertyLand propertyDaun PenhThe primary CBD of Phnom Penh where key tourist attractions are located and where most multi-national companies are based. It is the central district and most developed district of Phnom Penh.Most popular properties searched:Apartment/condoLanded houseCommercial propertyLand propertyChroy ChangvarChroy Changvar came on top 5 most searched districts with many high rises and landed developments popping out in the area. This peninsular district has overtaken other outer districts like Sen Sok as property developers and home buyers look to this area as the next suburban development hotspot in Phnom Penh.Most popular properties searched:Landed houseApartment/condoLand propertyCommercial property Toul KorkToul Kork came back to the top 5 most searched districts due to a notable increase in search for landed homes. And given its central location, adjacent to Daun Penh CBD and the fast growing Sen Sok district, it's little wonder that people are still looking in this packed area.Most popular properties searched:Landed houseApartment/condoLand propertyCommercial propertyThe fear of another outbreak has been influential in the domestic and tourism policy within Cambodia for the past 2 years. The relaxing of some measures have helped slightly alleviate the pressure many businesses, including property developers, have been struggling with. And with news from the government mulling a full reopening, Cambodia’s real estate market may see things get better in 2022.Looking for property in Phnom Penh? Let us help!Article by:

Cambodia’s reopening is a boon many in the Kingdom have been waiting for. Supplied.Cambodia’s relentless efforts in fighting its COVID-19 situation have been a tough 2 years with over 100,000 infected and around 2,500 deaths. But as vaccines continue to be administered, daily infection rates on the decline, and overall adjustments made by individual Cambodians, the Royal Government is now examining a full reopening.The announcement came from Prime Minister Hun Sen during the Council of Ministers meeting last Oct 8. The Prime Minister observed that COVID-19 cases remain stable with fewer than 20 deaths recorded per day.“If the situation remains stable in the next 10 to 15 days, and if we can maintain transmission and death rates as we do currently, it may be time to reopen the economy all sectors, but only through the new normal following the 3 dos and 3 don’ts,” he said.Cambodia’s reopening has been the subject of discussion for many in Phnom Penh’s business circles. In August 2021, the Mekong Strategic Partners (MSP), an investment and advisory firm based in Cambodia with operations across the Greater Mekong region, published a report showing Cambodia leading most of its ASEAN neighbours in vaccination rates.As of the 4th week of September, Cambodia has vaccinated around 82% of its population, according to a report by the National Ad-hoc Commission for COVID-19 Vaccination.The path to herd immunity is slowly but surely coming to reality. In late September, Prime Minister Hun Sen shared that the government has taken steps for Cambodia to safely reopen as a tourist destination for vaccinated tourists - with a target for international travel to reopen by Q4 2021.While tourism and hospitality sectors will be the direct beneficiaries of a reopened Cambodian economy, many in the real estate market will also be celebrating.Realestate.com.kh, the leading real estate classifieds portal in Cambodia, notes much of the slowdown in market activity has been due to restrictions and fears surrounding COVID-19. Prior to the pandemic, much of the property market has been fueled by the influx of foreign investors looking to secure property in the Kingdom’s real estate.Silvertown Metropolitan is a popular choice among expatriate renters in BKK1. Learn more about Silvertown Metropolitan here.High-end properties located in central districts like Daun Penh, BKK1, 7 Makara, Koh Pich, Chamkarmon, and Toul Kork were the choice of many property investors. Developments in these areas saw a significant decrease in sales activity as travel restrictions came into place, and foreign buyers were unable to visit projects they’re interested in.The rental market also suffered greatly as it has closer ties to the tourism sector, especially in Phnom Penh and Siem Reap. The onset of COVID-19 slashed tourist arrivals by as much as 90% as of June 2021, according to a report by the Ministry of Tourism.The rental pool in major cities further dwindled as expatriates flew back to their home countries while those who stayed largely moved to lower-cost accommodations.AEON Mall 1, frequented by residents on the weekends, saw significant decline in foot traffic after the Nov-28 incident back in 2020. Photo by Khmer Times.Commercial properties like community/shopping malls have similarly been enduring the effects of the pandemic. In a report earlier this year by The Mall Company, almost 60% of retailers that closed in 2020 were in the Food & Beverage business, primarily due to the lack of foot traffic. Realestate.com.kh similarly covered the closures with some F&B operators heavily relying on food delivery services to simply break even.The reopening of the larger Cambodian economy, especially to tourists is a boon many have been waiting for. Reducing restrictions and allowing more travelers to come in with tourists filling in the many rentals in Siem Reap and Phnom Penh, and property investors finally being able to physically visit properties they’re looking into.With the Kingdom on the verge of reopening, confidence in being able to go outside once again is expected to reintroduce a sense of confidence back into the economy, albeit one that follows a new normal.Looking for property in Phnom Penh? Let us help!Article by:

The holiday excitement is palpable for Pchum Ben. And to match the occasion, a few select projects are offering limited-time promotions. If you’ve been looking to get a value home purchase, now’s your chance!PARC 21 ResidenceLocation: Boeung Trabek, Chamkarmon, Phnom PenhOCTOBER PROMO: 12% guaranteed discount on selected unitsPARC 21 Residence is a new residential project in Chamkarmon, Phnom Penh that recently celebrated its topping out. The Singaporean project became the most popular project in the area in June 2021 due to its location, surrounding amenities, good pricing, and on-schedule delivery, soon to be handed over in June 2022.Interested in learning more about Chamkarmon’s most popular project? Check our listing below?Learn more about PARC 21Silvertown MetropolitanLocation: Trasak Paem 63, BKK 1, Chamkarmon, Phnom PenhOCTOBER PROMO: Up to 15% off + Renovation package up to $15,000Silvertown Metropolitan is a completed high-end serviced condominium in the heart of BKK1 - an area considered one of the Central Business Districts of Phnom Penh. It is managed by Naki Realty, the premier property management service provider in Cambodia.Silvertown Metropolitan is offering a discount on each of its premium units coupled with a renovation package this month:Studio : Discount up to 15% + Renovation package $5,0002 BR : Discount up to 15% + Renovation package $10,0003 BR : Discount up to 15% + Renovation package $15,000Interested in learning more about Silvertown Metropolitan? Check our property listing below!Learn more about Silvertown MetropolitanCentury PlazaLocation: Kakab 1, Por Sen Chey, Phnom PenhOCTOBER PROMO: Lucky draw get up to 10%Century Plaza is a new commercial space rising along Russian Federation Boulevard. It stands on top of the Old Market, the go-to shopping area for many residents Por Sen Chey. It is expected to be the new central shopping centre in the district has already more than 600 stores occupied with more on the way!Century Plaza is currently offering a special discount of up to 10% for business owners looking to set up shop! Interested in learning more? Check our property listing below!Learn more about Century PlazaWorldBridge Sport VillageLocation: Blvd Win Win, Bak Kaeng, Chroy Changvar, Phnom PenhOCTOBER PROMO: Discount up to $7,000 on condo units. Discount up to 6% on landed houses: Row House, Town House, and Semi-detached Villas.The WorldBridge Sport Village is a new development being built in the suburban area of Chroy Changvar. Designated as the site of the upcoming SEA Games 2023 and ASEAN Para Games 2023, it is the project with an opening fanfare very few other new developments can compete with!The WorldBridge Sport Village will be the first sports village in Cambodia offering township and community living with a range of high-rise residential and landed properties available. And for the month of October, they’re offering a discount of $7,000 on condo units and up to 6% discount on landed homes: Row House, Townhouse, and Semi-detached Villas!Interested in learning more about The WorldBridge Sport Village? Check our property listing below!Learn more about WorldBridge Sport VillageThe Peninsula Private ResidencesLocation: Chroy Changvar, Chroy Changvar, Phnom PenhOCTOBER PROMO: Discount up to 18%The Peninsula Private Residences is a multi-awarded project soon coming to Chroy Changvar. It is commonly attributed as the project that put Chroy Changvar on the map with its modern architectural design, interiors, and landmark location just along the district’s roundabout.The Peninsula Private Residences is running a discount of as much as 18% before its expected completion date in Q4 2021. Interested in learning more about The Peninsula? Check our property listing below!Learn more about the Peninsula Private ResidencesOlympia CityLocation: Olympic, 7 Makara, Phnom PenhDISCOUNT OFFER: Special price $88,888 on 2 select units. Discount up to 40% on other units.Olympia City is arguably one of the most centrally located projects in downtown Phnom Penh. It is a completed mixed-use development with high-rise residential towers supported by purpose-built shopping malls and a myriad of local businesses in its surrounding area.For the month of October, Olympia City is offering property buyers a discount of up to 40% on its 2 remaining units! Interested in learning more? Check our listing for more information!Learn more about Olympia CityInterested in more properties? Let us know through our concierge service below!Looking for more options? Let us help!

The outward expansion of Phnom Penh continues to be fueled by high-rise and sprawling landed residential projects. Supplied.Phnom Penh’s outward expansion continues despite COVID-19. Fortunately for buyers, the development of outer districts has not directly led to prices skyrocketing as they would have prior to the pandemic.According to Realestate.com.kh, Cambodia’s leading real estate classifieds portal, the outer districts of Meanchey, Sen Sok, and Por Sen Chey, are the most viable options for property investors looking for apartments/condominiums in the capital city.As of Q3 2021, the median sale price for Sen Sok apartment/condo properties is recorded at $101,022 (26% lower compared to the same period in 2020). Neighbouring Por Sen Chey district is recorded at $97,944 (11% lower). And the southern district of Meanchey is recorded at $100,000 (16% lower). As these are median values, lower or more premium-priced properties can be found on Realestate.com.kh.Residential developments in Sen Sok, Meanchey, and Por Sen Chey offer the lowest median sale prices to buyers in Phnom Penh. Supplied.Sen Sok, Meanchey, and Por Sen Chey have been the biggest beneficiaries of the capital’s outward expansion. Sen Sok, home to over 180,000 residents, currently leads the pack with multiple borey and condo projects already in different stages of development. Sen Sok’s popularity can largely be attributed to the presence of AEON Mall 2, the biggest shopping mall in Phnom Penh to date. Sen Sok district currently holds the most promise in the short term given the amount of development it has seen in the past few years.Learn more about Sen SokThe Meanchey district, largely known for its garment and textile factories, has been growing as a suburban choice for many Cambodians; currently home to around 248,000 residents or ~12% of the capital’s population. The district first saw a bump in property prices after the completion of the Hun Sen Boulevard (a.k.a 60m road) in 2017. The biggest wave of interest came in December 2019 with the announcement of AEON Mall 3 resulting in land and property purchases in the area. The new mega-mall is expected to be completed in 2023.Learn more about MeancheyPor Sen Chey’s popular Old Market is seeing a facelift with the upcoming Century Plaza, a highly anticipated shopping centre along Russian Boulevard. Learn more about Century Plaza here.Por Sen Chey offers the lowest median condo sale price in Phnom Penh’s outer district. Known as the airport district, it is one of the largest districts in the capital city in terms of land area and is home to over 226,000 residents. Much like Meanchey, commercial developers have been taken note of the growth in the area. Properties along the Russian Boulevard, especially around the upcoming Century Plaza are expected to see significant growth.Learn more about Por Sen CheyThe WorldBridge Sport Village (WBSV) is a massive mixed-use development in Chroy Changvar, one of the fastest-growing suburban districts in Phnom Penh. Learn more about WBSV here.Chroy Changvar is an area worth noting for its comparable development. As of Q3 2021, Chroy Changvar median condo sale prices were recorded at $140,191 (17% lower compared to the same period in 2020). The peninsular district continues to attract the attention of developers and build itself up to be the suburban choice for many middle-class to upper-class Cambodians. A range of condominium developments can be found in the south of the peninsula while sprawling boreys and mixed-use developments are being developed in its northern areas.Learn more about Chroy ChangvarThe persistence of COVID-19 and the onset of the delta variant has made many property seekers more discerning in their investment decisions. Realestate.com.kh seeks to help property buyers in a pandemic economy find the right home investment in its growing list of over 30,000 properties available for sale and rent.Are you looking to buy in these areas? Let us help!Article by:

Topping out is a cause for celebration for developers. And an even bigger achievement in the current environment. As we are still experiencing global restrictions on travel, increased raw material costs and other covid related pressures. The topping out celebration for PARC 21 Residence gives huge confidence to current and future buyers of the project, which is well on track to hand over units by the due date - mid 2022. The PARC 21 Residence, a Singaporean project in Phnom Penh, is one of the few projects in Phnom Penh to top out on schedule. The 21-storey residential development recently celebrated its topping ceremony and offered a 12% guaranteed discount on its most popular units.PARC 21 closed 2 separate deals in the course of its topping out - amounting $200,000+ in sales and another $700,000+ in inquiries and negotiation stages.The recently closed deals came from Cambodia and Australia, both buyers noting the project’s location, nearby amenities, construction progress and overall potential for returns.“The PARC 21 Residence is a project built with a clear vision: To deliver a project meant for middle-class Cambodians and for investors looking at Tier 2 location in Phnom Penh.” said Tom O’Sullivan, CEO of Realestate.com.kh. “The sales made in the course of its topping out indicates that the market is responding to PARC 21’s promise”The PARC 21 Residence’s 12% guaranteed discount runs from September 23 to October 3, 2021. Buyers interested in the discount can go through the PARC 21 Online Sale site or make a direct inquiry with Realestate.com.kh.PARC 21 Online Sale EventInquire about PARC 21

Phnom Penh’s developers continue to see progress amid a slowdown in overall activity. In the past few months, several developers in Phnom Penh are in different stages of completion, with the PARC 21 Residence being the most recent addition to projects topping off.The PARC 21 Residence is a new residential development located in Boeung Trabek, Chamkarmon. The Singaporean project made waves in mid-2021 as it closed several units worth almost a million dollars almost immediately after relaunching its marketing with Realestate.com.kh and FazWaz Cambodia.During their topping-off event, developers of PARC 21 revealed a 12% discount running from September 23 until October 3. The discount will be applicable on its remaining available units.PARC 21 also noted that while interested buyers can directly go to their showroom in The Point Community Mall or through FazWaz Cambodia, buyers located far from Phnom Penh or abroad can go through Realestate.com.kh’s online sale portal for PARC 21 to secure their limited-time discount.“It’s been a surreal journey starting from a booming sector and making sure our construction remains unhindered despite the global pandemic,” said Ms. Pearl Yu, Executive Sales Director for PARC 21 Residence. “We’re happy that we’ve reached this milestone [of topping off]”The PARC 21 Residence has been a popular residential and investment choice for both Cambodian and foreign investors in the past few months. Given its popularity, the project is expected to see another price increase in October and in the succeeding months as its handover date draws closer.Interested in the PARC 21 Residence's special discount? Secure your discount by registering below!PARC 21 Residence Online Sale portalPARC 21 Residence Property ListingArticle by:

Phnom Penh is a hotbed of new developments soon coming online. And the latest of them to top out is the PARC 21 Residence - Chamkarmon’s most popular new development!To celebrate its momentous topping off, the PARC 21 Residence will be revealing a SPECIAL and LIMITED-TIME discount this coming September 23 (Thursday).The soon-to-be-revealed discount (applicable on PARC 21’s most popular units!) will be made public on the Realestate.com.kh Facebook page. Make sure to follow Realestate.com.kh’s Facebook and LinkedIn to get a live update of the special event and the discount!Realestate.com.kh Facebook PageRealestate.com.kh LinkedIn PageThe PARC 21 Residence made waves in Phnom Penh’s property market when it restarted its marketing in June 2021 with exclusive marketing partner Realestate.com.kh and exclusive sales partner FazWaz Cambodia. As of Q3 2021, the project has sold close to a million units with another several hundred thousand within the negotiation stages.Interested in learning more about the PARC 21 Residences? Check out our full listing below:PARC 21 Residence Property ListingAlready know about PARC 21 and want to secure the discount today? Fill out our form below and we’ll get back to you ASAP!Inquire about PARC 21 Residence

September has been a relentless month for projects topping off in Phnom Penh. And the latest to join the pack of new developments completing soon is the Phnom Penh Galaxy Garden!The Phnom Penh Galaxy Garden is a new development located in Phnom Penh Thmey, Sen Sok - a district in the northwestern part of the Cambodian capital. Phnom Penh Galaxy Garden is being developed as a residential and commercial project close to mega-developments including AEON Mall 2, a flagship shopping mall from Japan, and Makro Supermarket, an international wholesaler.Phnom Penh Galaxy Garden is offering up to 20% discount on buyers starting September 14 to October 13. The discount will be applicable to buyers who make full down payment within the promotion period.The Phnom Penh Galaxy Garden is one of the most sought-after properties in Sen Sok with a starting price of only $73,000. Its developer is also offering furniture packages for buyers. The Phnom Penh Galaxy Garden is expected to be handover in Q2 2023.Interested in this property? Inquire through our listing below!Phnom Penh Galaxy Property Listing

About 10km southwest of Phnom Penh is the fast-growing district of Por Sen Chey. It’s one of the biggest districts in the capital city, both in terms of land area at more than 60 km2 and population; the district is home to more than 220,000 residents (more than 10% of the capital city’s population).Its population, large land area, and outward development of Phnom Penh are transforming Por Sen Chey into one of the most attractive options for developers to build newer and larger projects.Key to Por Sen Chey’s development is the Russian Federation Boulevard, a major road artery allowing access directly to and from the centre of Phnom Penh. It runs from the Pochentong Park right to the Phnom Penh International Airport, giving it the de facto title of the “airport road”. On a more regular basis, it is the hundreds of thousands of residents using the road that breathe life into the area.Given the increasing amount of activity in the area, it was only a matter of time before a new central plaza was built right along the vital road artery.The Century Plaza is a brand new shopping centre soon rising along Russian Boulevard. It takes on a unique triangular design that takes advantage of its 3-corner location, making it  practically being accessible to 2 additional roads on top of being right along a large and busy road.Long-time residents of Por Sen Chey already know about the Century Plaza and how well-known its location is. The Century Plaza stands on top of the Old Market, a popular go-to shopping destination for many in Por Sen Chey. When news of a newer and better shopping centre hit, many in Por Sen Chey welcomed the development.JLECC, The Century Plaza’s developer, works with the Phnom Penh government and the surrounding community. Store owners in the Old Market, in particular, were allotted their own spaces amounting to over 600 store owners already with their goods and services once Century Plaza opens later this 2021.Complementing Century Plaza’s in-house offerings are the multiple amenities surrounding it, namely: Department of Immigration Phnom Penh, Phnom Penh International Airport, Royal University of Phnom Penh, Ministry of Commerce, Confucius Institute, Ministry of Mines and Energy, and the Chhouk Meas Market. All other kinds of small and medium enterprises in shophouses around it.Seeing the new business opportunities now, the new Century Plaza Shopping Mall has a special offer for those who want to start their business in a popular location. As of September 17 until October 17, 2021, a 30% downpayment can give interested buyers up to 10% discount!Interested in the Century Plaza’s limited-time discount? Check out our listing below!Century Plaza Property Listing

Realestate.com.kh, Cambodia’s #1 property portal, is bringing you September’s best deals from the popular developments around the Kingdom!If you’re in the market for good deals, then you’re in the right place:Silvertown MetropolitanLocation: Trasak Paem 63, BKK 1, Chamkarmon, Phnom PenhDISCOUNT OFFER: Up to $70,000 off + Renovation package up to $15,000Silvertown Metropolitan is a completed high-end serviced condominium in the heart of BKK1 - an area considered one of the Central Business Districts of Phnom Penh. It is managed by Naki Realty, the premier property management service provider in Cambodia.For the month of September, Silvertown Metropolitan is offering a discount on each of its premium units coupled with a renovation package:Studio : Discount up to $35,000 + Renovation package $5,0002 BR : Discount up to $60,000 + Renovation package $10,0003 BR : Discount up to $70,000 + Renovation package $15,000This offer is a limited-time offer until 30-Sep-2021. Interested in learning more about Silvertown Metropolitan? Check our property listing below!Silvertown Metropolitan Property ListingThe Peninsula Private ResidencesLocation: Chroy Changvar, Chroy Changvar, Phnom PenhDISCOUNT OFFER: Discount up to 28%The Peninsula Private Residences is a popular and multi-awarded project in the peninsular district Chroy Changvar. It is commonly attributed as the project that put Chroy Changvar through its modern architectural design, interiors, and landmark location just along the district’s roundabout.The Peninsula Private Residences is running a special discount of as much as 28% before its expected completion date in Q4 2021. Interested in learning more about The Peninsula? Check our property listing below!The Peninsula Private Residences Property ListingOlympia CityLocation: Olympic, 7 Makara, Phnom PenhDISCOUNT OFFER: Discount up to 40%The Olympia City is arguably one of the most centrally located projects in downtown Phnom Penh. It is a completed mixed-use development with high-rise residential towers supported by purpose-built shopping malls and a myriad of local businesses in its surrounding area.For the month of September, the Olympia City is offering property buyers a discount of up to 40%! Interested in learning more about this property? Check our listing for more information!Olympia City Property ListingWorldBridge Sport VillageLocation: Blvd Win Win, Bak Kaeng, Chroy Changvar, Phnom PenhDISCOUNT OFFER: Discount up to 17%The WorldBridge Sport Village is a new development being built in the suburban area of Chroy Changvar. Designated as the site of the upcoming SEA Games 2023 and ASEAN Para Games 2023, it is the project with an opening fanfare very few other new developments can compete with!The WorldBridge Sport Village offers a range of high-rise residential and landed properties available. And for the month of September, is offering a discount of up to 17% on its studio units - available for foreign ownership!Interested in learning more about The WorldBridge Sport Village? Check our property listing below!WorldBridge Sport Village Property ListingStar BayLocation: Sangkat Buon, Sihanoukville, SihanoukvilleEXCLUSIVE OFFER: $55,754 starting priceStar Bay is a beachfront property in Sihanoukville, Cambodia’s most popular beach destination. The city is being developed into a prime tourist and business destination, complete with commercial buildings, shopping malls, and high-rise residential properties - while still having access to a pristine beach.For the month of September, Star Bay is offering a low $55,754 starting price for its beachfront high-rise units - READY TO MOVE IN.Interested in learning about Star Bay? Check our property listing below!Star Bay Property ListingHow can I secure these discounts?Simple: Visit the property listings and inquire through our customer service chat on the listings above!Realestate.com.kh is home to over 30,000 (and growing!) property listings across the Kingdom of Cambodia. If you’re looking for other properties for rent/sale, let us know what you’re looking for through our concierge service below!Looking for more properties? Inquire here!Article by:

Phnom Penh's property market in August 2021 largely saw a continuation of the reprieve experienced in July 2021 with a few road bumps from newly reported delta variant cases in the city and the brief reintroduction of city-wide quarantine measures.According to Realestate.com.kh’s Market Trends, property searches in central districts slid in August 2021 compared to July 2021. Lower searches for central districts are likely in response to the city-wide quarantine measures to mitigate the number of delta-variant cases in Phnom Penh. It is worth noting that this month’s search figures, despite being lower than July’s, remain well above figures in April-June 2021.The growing number of delta cases has not gone unanswered by health authorities. Vaccine arrivals into Cambodia continue on an almost weekly basis, with portions being allocated as booster shots to help prevent the spread of the delta variant of COVID-19.Cambodia’s vaccine rollout has been noted by regional observers as one of the fastest in Southeast Asia. According to Mekong Strategic Partners, an investment and advisory firm with operations across the Greater Mekong region, Phnom Penh is one of the most vaccinated capital in the world, with around 99% of adults fully vaccinated.Sale PricesPhnom Penh’s sales prices largely remain below pre-pandemic figures. However, this trend may be starting to upend itself with a notable stabilization in median sale prices for apartments/condos.Unit SizeMedian Price per SqmMedian Unit Size1 bedroom$1,85447 sqm2 bedroom$2,16972 sqm3 bedroom$2,581112 sqmIn August 2021, 1-bedroom unit price per square metre picked up by 2% from July 2021 while 2-bedroom and 3-bedroom unit price per square metre slid by marginal -1.23% and -0.50%, respectively. Outright price adjustments are becoming few and far between outside of special time-limited promotions from developers/agencies. Whether this is a sign of a stabilizing market poised for a price increase - provided no further disruptions from quarantines - will be something worth considering as a buyer still on the fence.Rent PricesRealestate.com.kh’s Market Trends shows little-to-no changes in August from July’s recorded prices. Though not on the same volume as before the pandemic, Realestate.com.kh’s own leads services team has noted a significant increase in rental inquiries in Phnom Penh, particularly from tourists and expatriates.August 2021 Median Price by Bedroom for Apartments for Rent:1-bedroom apartment rent per month: 600 USD (No change from July)2-bedroom apartment rent per month: 1,000 USD (No change from July)3-bedroom apartment rent per month: 2,000 USD (5.26% change from July)Prices displayed above are median values, lower-priced accommodations can be found in Realestate.com.kh’s properties for rent in Phnom Penh page.District and Property Type Popularity in Phnom PenhRealestate.com.kh Market Trends notes a decrease in search figures following the rise of the delta variant and subsequent implementation of new quarantine measures back in August. Nevertheless, overall search figures remained higher compared to April-June 2021.Worth noting for the month of August is the uptick in searches for properties in Sen Sok, Por Sen Chey, and Dangkao - all outer districts set to benefit from Phnom Penh’s continued outward expansion.Most popular districts in Phnom Penh as of August 2021:Chamkarmon - Remains the most popular district to look for property in Phnom Penh in August 2021. It is a popular place for renters looking for accommodations at reasonable prices. Popular subdistricts are Tonle Bassac and Toul Tompoung I. Most popular property types searched:Apartment/condoLanded houseCommercial propertyLand propertyBoeung Keng Kang - The BKK1 area remains a popular choice among many property seekers, especially among the well-to-do in Phnom Penh. The BKK district’s popularity stems from its central location, modern residential choices, and quality-of-life conveniences. Most popular property types searched:Apartment/condoLanded houseCommercial propertyLand propertyDaun Penh - The primary CBD of Phnom Penh where key tourist attractions are located and where most multi-national companies are based. It is the central district and most developed district of Phnom Penh. Most popular property types searched:Apartment/condoLanded houseCommercial propertyLand propertyChroy Changvar - This peninsular district has overtaken other outer districts like Sen Sok as property developers and home buyers look to this area as the next suburban development hotspot in Phnom Penh. Most popular property types searched:Landed houseApartment/condoLand propertyCommercial propertySen Sok - Sen Sok is a fast-developing district in the outskirts Phnom Penh that will soon see it as the new center of activity in the metro’s northwest. The district’s potential for more development continues to make it a popular landed residential choice for many middle-class Cambodians.Landed houseApartment/condoLand propertyCommercial propertyRealestate.com.kh’s Condominium Overview in Phnom Penh is a monthly report based on its internal developer tracking and data collected from over 30,000 live property listings across Cambodia.If you’re interested in property in Phnom Penh, let us know by contacting our property advisors below!Looking for property in Phnom Penh? Let us help!Article by:

While most countries are still uncertain on when COVID-19 will let up, the Kingdom of Cambodia may have something to celebrate.According to a report by the Mekong Strategic Partners, an investment and advisory firm based in Cambodia with operations across the Greater Mekong region, Cambodia is one of the most vaccinated countries in the world, and Phnom Penh, the most vaccinated capital in the world, at around 99% of adults fully vaccinated.On par with advanced economies, surpassing ASEAN neighboursCambodia has surpassed most of its ASEAN counterparts in achieving herd immunity, only surpassed by Singapore. According to the Mekong Strategic Partners’ report, Cambodia is on track to hit 70% vaccination for its population (including children) by September 21, 2021, putting it well ahead of its more developed neighbours.For comparison, the closest behind Cambodia to achieve this rate of its population vaccinated is the Philippines, projected by March 2022. Following behind are Indonesia and Thailand in July 2022. Neighbouring Vietnam is projected to achieve the same level of vaccination a year later, around September 2022.The consistency of vaccine rollouts has put the Kingdom at the same rate as developed countries. Cambodia has vaccinated 66% of its adult population (as of August 2021), the same rate as the United States, France, Italy, Switzerland, and Sweden.Cambodia ranked first globally in terms of vaccine doses per capita, having vaccinated 1.7% from Aug 4 to 11, according to Financial Times data.Dissecting Cambodia’s response to COVID-19“I think it’s fair to say that Cambodia has exceeded everyone’s expectations. The government has been criticised in part for what they’ve got wrong or what they’ve done wrong, but you really need to give them full marks for how they’ve managed the vaccine programme,” MSP Managing Director Stephen Higgins told Khmer Times in a report.With the support of China and the Cambodian private sector, the government has kept a consistent flow of vaccines and distributed them through vaccination campaigns across the Kingdom. Additionally, the Cambodian public is observed to have low vaccine hesitancy, hastening the progress of vaccine campaigns nationwide.The massive nationwide vaccination is accelerating to a point that the government has already pushed for booster shots to be distributed to both adults and children.Prior to the vaccination rollouts, the Cambodian public has taken it upon themselves to observe basic quarantine measures such as wearing masks, maintaining social distancing, and limiting visits to public places. MSP’s report also highlights the strong contract tracing by health authorities early on, which undoubtedly mitigated what could have been a worst-case scenario for the Kingdom.As a result of the early adoption of quarantine measures, continued vaccine supply, and vaccination efforts, Cambodia is on track to achieve more than 80% vaccination by the end of August 2021; 8 months ahead of initial projections and up to 12 months before neighbouring countries.Timeline of vaccine arrival in CambodiaThe Cambodian government has been proactive in ordering, receiving, and distributing vaccines to its population. The Kingdom’s vaccine rollout began in February 2021 starting with medical and military personnel, followed by the wider public.NOTE: The timeline below is meant to showcase the consistency of vaccines coming into Cambodia based on internally recorded arrivals. This is NOT an official account of vaccines that arrived in Cambodia.On February 7, 600,000 doses of China National Medicines Vaccine (Sinopharm)On March 2, 324,000 doses of the AstraZeneca vaccineOn March 26, 1.5 million doses of China Coxing Vaccine (Sinovac)On March 31, 700,000 doses of China National Medicines vaccine (Sinopharm)On April 17, 500,000 doses of China Kexing Vaccine (Sinovac)On April 28, 400,000 doses of China National Medicines vaccine (Sinopharm)On May 11, 500,000 doses of China Kexing vaccine (Sinovac)On May 16, 500,000 doses of China Kexing vaccine (Sinovac)On May 23, 1 million doses of China Coxing Vaccine (Sinovac)On June 8, 1 million doses (500,000 doses of Sinopharm, 500,000 doses of Sinovac)On June 12, 1 million doses of China National Medicines Vaccine (Sinopharm)On June 19, 1 million doses of China Coxing Vaccine (Sinovac)On June 26, 1 million doses of China Kexing vaccine (Sinovac)On June 28, 1 million doses of China Kexing vaccine (Sinovac)On July 6, 1 million doses of China National Medicines vaccine (Sinopharm)July 10, 4 million doses (3 million doses of Sinovac and 1 million doses of Sinopharm)On July 22, 1 million doses of China National Medicines vaccine (Sinopharm)On July 23, 1 million doses of AstraZeneca through COVAXOn July 30, 450,500 doses of Johnson & JohnsonOn July 31, 1 million doses of China Kexing vaccine (Sinovac)On August 1, 1 million doses of China National Medicines Vaccine (Sinopharm)On August 2, 609,600 doses of the Johnson & Johnson vaccineOn August 12, 3 million doses of China Kexing vaccine (Sinovac)On August 23, 500,000 doses of China National Medicines Vaccine (Sinopharm)On August 23, 100,000 doses of China National Medicines Vaccine (Sinopharm)A booster shot for the economyEconomies with a largely vaccinated population show better economic prospects in the short term (1 to 2 years) than those with low vaccination rates. The MSP’s report additionally cites the IMF’s World Economic Report:“Vaccine access has emerged as the principal fault line along which the global recovery splits into two blocs: those that can look forward to further normalization of activity later this year (almost all advanced economies) and those that will still face resurgent infections and rising COVID death tolls.”When the economic hardship wrought by COVID-19 became apparent in late 2020, many observers resolved that economic recovery can only begin with an effective vaccination rollout. Just over a year later, Cambodia is now leading its regional neighbours and stands alongside highly-industrialized countries in the percentage of its population inoculated.Cambodia’s effective distribution of vaccines will have a direct effect in lowering future cases and relieving a limited Cambodian healthcare system. Fewer lockdowns will be required and the quality of life for Cambodians will improve in multiple facets.The tourism and manufacturing sectors, which employ more than a million people combined, have been hard hit by COVID-19. According to MSP’s assessment, higher vaccination rates may result in less interruptions on operations and a turnaround for domestic demand particularly for services - a recovery that will support economic growth and encourage Foreign Direct Investment (FDI).The next 2 years are projected to be much better years for Cambodia. According to mid-year assessments by the Asia Development Bank and WorldBank, the Kingdom’s economy will bounce back with 4% growth this 2021, followed by a projected 5% growth in 2022. This is on the back of continued vaccination campaigns by the government and continued support for both local and international investments.Looking to invest in property in Cambodia? Click hereArticle by:

It is without a doubt that the Covid-19 pandemic has very much brought catastrophic effects to the world such as the dramatic loss of human life worldwide and an unprecedented challenge to public health, food systems, and the world of work. Needless to say, the economic and social disruption caused by the pandemic is devastating. However, notwithstanding the fact that Southeast Asia is now embroiled by the Delta variant of Covid-19 as of late, Cambodia has every reason to remain optimistic once this pandemic is over.As a matter of fact, according to Cambodia’s Ministry of Health, Cambodia has managed to vaccinate close to 90 percent of the initially targeted 10 million people against COVID-19. To date, from February 10, 2021, to August 15, 2021, it has successfully vaccinated 9,020,990 against the virus. Considering that the country has spent more than USD1 billion to combat COVID-19, and with the knowledge that herd immunity could be achieved by October 2021, there is clear economic evidence that high vaccination rates improve economic outcomes, thus ensuring that the Kingdom of Wonder is on the right track for more than 6% GDP growth in 2022.With that being said, Cambodia definitely possesses the potential to grow as a result of Southeast Asia’s economic expansion, what with the increased commerce with China and a young and active population with rising educational levels. In addition, compared to its neighbors in the region, which has imposed partial or full lockdowns to manage the spread of the virus, the Cambodian government has enforced strict, absolute lockdowns in the country which has proven to be effective. This has also enabled economic activities to recover quickly despite suffering some losses previously. It goes without saying that although we are currently navigating through difficult times, the future is certainly looking promising for the Kingdom of Wonder at the moment.It is worth mentioning that the property market in the city is currently booming and trending upwards, based on the estimates of Simon Griffiths, Managing Director of The Mall Company Cambodia. He added, “With greater competition, developers shall increasingly offer better-guaranteed yields and deals to foreign and local buyers.” Notably, for the past half-decade, the country has seen a consistent 7% GDP growth. In 2019, the country also saw its inward FDI flow increase to $3.7 billion, an increase of 12% compared to 2018.Fortunately, with the booming real estate market, and increasing value of property in the city, Phnom Penh city dwellers can look forward to the upcoming completion of the Peninsula Private Residences, an award-winning project comprising of a unique blend of a private residence, varied facilities, and hospitality-inspired services for a complete lifestyle investment. As the finest landmark at the gateway of Chroy Changvar district, The Peninsula is without a doubt, the future hotspot investment catering to a high-quality residential lifestyle, complemented with a unique Community Smart Living concept for the ultimate living experience. For those looking to own an affordable boutique living or an investment with solid returns, find out more by checking the Peninsula Private Residences project listing.View Full Property ListingInquire about The Peninsula Private Residences

Everybody loves a holiday and fortunately, the Royal Government has issued the official public holidays in Cambodia for 2022. The Kingdom’s holidays for 2022 total is 21, with a considerable number falling on weekends and Buddhist holidays overlapping with other public holidays.Official Holidays in Cambodia for 2022DATEOCCASIONDAYJanuary 1New Year’s DaySaturdayJanuary 7Victory over Genocide DayFridayMarch 8International Women’s DayTuesdayApril 14, 15, 16Khmer New YearThursday, Friday, SaturdayMay 1International Labor DaySundayMay 14The Royal Birthday of His Majesty King Norodom Sihamoni, King of CambodiaSaturdayMay 15 Vesak Bochea FestivalSundayMay 19 Royal Plowing CeremonyThursdayJune 18 Royal Birthday of Her Majesty Queen Norodom Monineath Sihanouk, the Queen Mother of CambodiaSaturdaySeptember 24 Constitution DaySaturdaySeptember 24, 25, 26Pchum Ben FestivalSaturday, Sunday, MondayOctober 15 Day in Honor of the Late King Norodom Sihanouk, His Majesty the King FatherSaturdayOctober 29 Royal Ceremony of His Majesty King Norodom Sihamoni, King of the Kingdom of CambodiaSaturdayNovember 7, 8, 9Royal Water FestivalMonday, Tuesday, WednesdayNovember 9 National Independence DayWednesdayLooking for a holiday home in Cambodia? Let us know!Inquire about properties in Phnom Penh

Though faced with difficulties in light of the pandemic, Phnom Penh's property markets continue to expand with continuing interest from foreign business interest. Supplied.Phnom Penh’s property market may have slowed down, but that does not mean it’s any less valuable. Prior to the pandemic, Phnom Penh has been growing at a rapid pace with continued infrastructure development and foreign companies opening up shops in the Kingdom. And contrary to popular belief, neither has really stopped since the onset of COVID-19 in Cambodia.In terms of infrastructure, the Royal Government has made it abundantly clear that infrastructure developments across Cambodia will continue and will benefit major population centres like Phnom Penh, Siem Reap, and Sihanoukville in the next few years.And it’s not like Cambodian consumers tempered their taste for diverse products and services over the pandemic. Foreign brands who meticulously study consumer markets have expressed and pursued interests in opening in Cambodia as a response to the growing demand for international brands.The likes of Hilton Hotel Group, H&M, Papa Johns, and Pizza Hut are at different stages of starting operations in Phnom Penh. Papa Johns and Pizza Hut are already making waves among local and expatriate consumers in Phnom Penh. International hotel brand Hilton Group, and clothing retail giant H&M are also opening in Phnom Penh sometime in 2022. Both brands are expected to trigger renewed activity in the clothing retail and hotel sectors of Phnom Penh.What does this all have to do with a low down payment property? Simple: For as low as 10% down payment, property investors can secure themselves a spot in the middle of all this continued growth amid the pandemic.Much like foreign brands, international property investors have been exploring options to continue business in fast emerging markets like Cambodia. Given the pandemic, however, more have become discerning. As a result, only projects with a good reputation and the right set of priorities have succeeded in attracting the most prudent of investors.The PARC 21 Residence in Boeung Trabek, Chamkarmon is one project that has been receiving much attention from international investors. Backed by investors from Singapore and Hong Kong, the project takes after Singaporean designs that maximize space while allowing comfortable movement within its residences. The PARC 21 Residence is most noted for its unhindered construction progress despite the impact of COVID-19; having recently topped off its construction in July 2021. The project is expected to be completed by June 2022.The successes of PARC 21 Residence resonate strongly with both Cambodian and foreign buyers in the form of $1 million worth of units having been sold while another $800,000 are in the negotiation stage, according to PARC 21 exclusive sales partner FazWaz Cambodia.Realestate.com.kh, the largest real estate classifieds portal in Cambodia, also attributes PARC 21’s success to its location in Chamkarmon. The area is popular among locals and expatriates alike for its many shops and stores, as well as comparatively lower property prices, especially in the Boeung Trabek and Toul Tompoung subdistricts. Property investors who have expressed interest in the Singaporean project noted that its location, being at the centre of the city’s outward development makes it a sound investment for passive income.The PARC 21 Residence is currently accepting a 10% down payment with up to 10-year payment plans. The project is additionally offering a limited-time discount for the remainder of August 2021. The PARC 21 Residence is expected to increase prices in September as it draws closer to its completion date in mid-2022.View Full Property ListingInquire about PARC 21 ResidenceArticle by:

In July 2021, the Council for the Development of Cambodia (CDC) issued the "Draft Law on Investment of the Kingdom of Cambodia". The draft law seeks to create a favorable environment for investment to attract and promote quality, efficient and effective investments by Cambodian and foreign investors for socio-economic development in the Kingdom of Cambodia.The CDC highlights these 4 foundations of the upcoming investment law in Cambodia:Establishment of an investment incentive regime that is transparent, predictable, non-discriminatory, competitive, and supports socio-economic policiesModernization, increasing the productivity of local industries, strengthening the connection to the regional and global supply chain by promoting the growth of capital inflows, transfer of technology, and skill know-how.Increasing Cambodia's competitiveness to make its economic structure more diversified and resilient to regional and global crises.Providing protection of rights and interests to investors in the Kingdom of Cambodia through the establishment of a comprehensive and balanced legal framework in line with national interests.In order to increase the efficiency of providing services to investors, this draft law also highlights the mechanism for reviewing and deciding on private investment and resolving disputes related to investment projects through delegation to the Capital-Provincial Administration, as established by the Royal Government. Capital-Provincial Investment Sub-Committees will be established through succeeding sub-decrees.In addition, the draft law provides value-added tax exemptions for the purchase of locally produced inputs in order to link local producers to the investment project's production chain, as well as to promote the use of local products. The draft law is also designed to be flexible, with special incentives for specific sectors and investment activities that have high potential to contribute to national development in line with government policy. This special incentive will be set out in the Law on Financial Management.The new investment law incorporates some of Cambodia's international obligations to show all investors the commitment of the Royal Government of Cambodia to protect investment and provide guarantees in accordance with International law governing non-discrimination as well as the provision of investment maintenance servicesThe American Chamber of Commerce Cambodia (AmCham), last August 12, held a virtual forum on their Facebook page to discuss key points about the upcoming investment law. The forum was moderated by AmCham Governor Rina Ing and attended by AmCham President Anthony Galliano with special guests Jay Cohen, Partner and Director of Tilleke & Gibbins Cambodia, and Dr. Sok Siphana, founder of law firm Sok Siphana & Associates and Advisor to the Royal Government of Cambodia.In the discussion, the new law provides incentives for priority areas such as (but not limited to): research & development, job creation, skills training, development and innovation, and small and medium enterprises. Dr. Siphana emphasized on the importance SMEs play in Cambodia’s economic growth, citing that Cambodia’s tycoons are not representative of the Kingdom’s larger economy and the new investment law will grant SMEs the opportunity to be part of the regional supply chain.Key international trading partnerships to note for Cambodia are the China-Cambodia Free Trade Agreement and the Regional Comprehensive Economic Partnership (RCEP), a massive free-trade agreement between China, South Korea, Japan, the ASEAN, and Oceanic countries.Jay Cohen mentions the importance of reviewing the “Negative List”, a list of businesses excluded from investment incentives. Cohen expects this list to be updated and will be setting a threshold for both local and international companies. He additionally stressed the importance of upcoming changes in taxes, remarking, “the devil is in the details”.As of August 2021, the new Cambodia investment law is still in its drafting phase and is expected to be ratified sometime in 2022.Interested in investing in Cambodia? Check out our Why Cambodia Guide!

On-track for June 2022 completionThe PARC 21 Residence, a new residential development in Chamkarmon, reports steady construction and is on track for its expected completion in June 2022 despite COVID-19. The project is currently topping off its 22nd floor and has started work on the swimming pool and other amenities located on the roof deck.Continued interest from buyers despite COVID-19The PARC 21 Residence continues to gather steam as almost a million dollars worth of properties were sold as of July 2021. The apparent value of the project - especially among middle-class Cambodians, expatriate buyers, and foreign investors - continues to drive inquiries and frequent visits to their showroom in The Point Community Mall along Mao Tse Toung Boulevard.The PARC 21 Residence is backed by an international group of investors based in Singapore and Hong Kong. It adopts the Singaporean design philosophy of a “A city in a garden” which builds residential units based on smart spatial planning and natural light allowing fluidity of movements.Buyers in the PARC 21 Residence understand the end of COVID-19 in Cambodia is a matter of “when”. The PARC 21 Residence also offers a 21% Guaranteed Rental Returns over 3 years, a highly competitive rate based on the developer’s confidence in the market’s potential to bounce back.Given PARC 21’s scheduled completion date is June 2022, international investors are equally confident Cambodia’s pandemic situation will be much under control, given the government’s continued efforts in maintaining a consistent flow of vaccines and widespread vaccination campaigns.But it’s not just foreign investors looking forward to Cambodia’s return to form. Cambodian property seekers are similarly expecting things to be better in 2022. PARC 21’s location in a widely popular area and affordable payment terms, among locals and tourists, will only benefit from the expected economic recovery by the time of its completion.New prices and discounts for August 2021The PARC 21 Residence has announced a new set of prices for August buyers as the project moves closer to its completion date. While prices may have risen, the PARC 21 has also extended an exclusive discount for buyers who book a unit within August 2021.The exclusive sales partner of the PARC 21 Residence, FazWaz Cambodia, notes there is currently $800,000+ worth of deals at the negotiation stage. The discount extension is expected to attract more buyers who are on the fence, and help close deals currently in negotiation before prices rise again in September 2021.Interested in the PARC 21 Residence? Inquire today before prices increase again!Inquire about PARC 21 ResidenceView PARC 21 Residence Property Listing

Cambodia’s property market saw a moment of reprieve in July 2021 with bumps in online searches for real estate and subsequent inquiries for projects continuing to market their discounts and flexible payment terms. This comes off the back of June 2021 that was reeling from Phnom Penh’s April-May lockdown.Earlier in July, the government recently announced the conclusion of its mass vaccination campaign in Phnom Penh and has focused its resources on other provinces like Kandal, Siem Reap, and Sihanoukville. The government is implementing a mass vaccination campaign for children ages 12 to 17 as part of its goal to achieve herd immunity in major economic centres like Phnom Penh.However, the recent spread of the COVID-19 delta variant has prompted health authorities to impose a new curfew in the first week of August. Google’s Mobility Tracker is starting to reflect the initial ramp-up of people choosing to stay home following the new lockdowns.SALE PRICES IN PHNOM PENHSale prices for new developments in Cambodia remain well below pre-pandemic figures. This market continues to see adjustments as the pandemic situation in Cambodia continues to spell uncertainty in the short-term and most property seekers become more discerning in their investments.Affordable and mid-range projects for the past year have been popular among the local market. The shift in attention by developers towards the local market has additionally highlighted the demand for flexible payment terms. Big developers are meeting this by forming partnerships with local banks to provide payment terms amenable to the majority of Khmer buyers.July 2021 price and size breakdown for condominiums in Phnom Penh:Unit sizeMedian price per sqmMedian unit size1 bedroom$1,81046 sqm2 bedroom$2,19472 sqm3 bedroom$2,545113 sqmMost Phnom Penh developers continue to see comparably low sales activity, with a few notable exceptions. The PARC 21 Residence in Boeung Trabek surged in popularity in June-July 2021 having closed almost $1 million in deals. The Singaporean-designed project is reported to have another $800,000 worth of deals in the negotiation stage, according to its exclusive sales partner FazWaz Cambodia.Realestate.com.kh, PARC 21’s exclusive marketing partner, notes the project’s popularity stems from meeting the demand of both local and international investors for projects with a strategic location, competitive pricing, and solid progress despite global supply chain disruption. The PARC 21 Residence is expected to be completed by June 2022.The disruption in global supply chains affected many of the new developments in Phnom Penh causing delays in construction As a result, investors still looking to invest in Cambodia have started looking at projects close to completion and even finished ones.The Silvertown Metropolitan is a completed project in BKK1 seeing renewed attention from property investors. Developed and managed by Naki Realty, Silvertown Metropolitan is a well-known serviced apartment among high-end renters in Phnom Penh. The project recently restarted its marketing efforts as providing a foot-in-the-door in the high-end renters’ market and as a finished project - saving investors the worry of “will this project be finished?”.RENT PRICES IN PHNOM PENHPhnom Penh’s residential rental market has largely stabilized within the pandemic market. Realestate.com.kh’s Market Trends shows little-to-no changes from last month’s recorded prices.June 2021 Price Trends by Bedroom for Apartments for Rent:1-bedroom apartment rent per month: 600 USD (No change from June)2-bedroom apartment rent per month: 1,000 USD (No change from June)3-bedroom apartment rent per month: 1,800 USD (No change from June)June 2021 Price Trends by Bedroom for Houses for Rent:2-bedroom house rent per month: 800 USD (No change since June)3-bedroom house rent per month: 1,500 USD (6.25% decrease from June)The renters’ pool in Phnom Penh remains low compared to 2019, before the pandemic prices. Until foreign workers and tourists return, rental landlords will have to find ways of attracting new renters and understanding the needs of their remaining tenants.District and Property Type Popularity in Phnom PenhRealestate.com.kh cites an increase in property searches in July 2021 across 8 districts in Phnom Penh. Property searches surged once again in July following confidence that there would be a return to “normalcy” within the context of COVID-19. Most popular districts in Phnom Penh as of July 2021:Chamkarmon - Remains the most popular district to look for property in Phnom Penh. Most users look for apartments/condos and landed properties in Tonle Bassac and Toul Tompoung I. Boeung Trabek also surged in popularity due to PARC 21 Residence. Most popular property types searched:Apartment/condoLanded houseCommercial propertyLand propertyBoeung Keng Kang - One of Phnom Penh’s CBD, the BKK1 area remains a popular choice among many property seekers due to its central location and array of modern residential choices and quality-of-life conveniences. Most popular property types searched:Apartment/condoLanded houseCommercial propertyLand propertyDaun Penh - The primary CBD of Phnom Penh where key tourist attractions are located and where most business and financial companies are headquartered. It is the central district of Phnom Penh and is the most developed. Most popular property types searched:Apartment/condoLanded houseCommercial propertyLand propertyChroy Changvar - This peninsular district has overtaken other outer districts like Sen Sok as property developers and home buyers look to this area as the next suburban development hotspot in Phnom Penh. Most popular property types searched:Landed houseApartment/condoLand propertyCommercial propertyToul Kork - This central district is adjacent to Daun Penh and is comparable to the convenience found within the CBD. Most popular property types searched:Apartment/condoLanded houseCommercial propertyLand propertyRealestate.com.kh’s Condominium Market Overview in Phnom Penh is a monthly report based on its internal developer tracking and data collected from over 35,000 live property listings across Cambodia.If you’re interested in property in Phnom Penh, let us know by contacting our property advisors below!Looking for property? 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Century Plaza, an upcoming shopping centre in Por Senchey, recently signed on Realestate.com.kh and FazWaz Cambodia as its marketing & sales partners.Realestate.com.kh is the largest property classifieds portal in Cambodia and FazWaz Cambodia is the first-tech enabled brokerage in the Kingdom. Both companies, earlier in 2021, signed a Memorandum of Understanding (MoU) to provide a one-stop marketing-sales solution for property developers.Century Plaza is a commercial complex rising along the Russian Boulevard in Por Senchey district. This new shopping centre will integrate retail, entertainment, office, and hotel functions in the district’s busiest shopping area. It stands in place of the well-known Old Market, taking all that has made it popular to Por Senchey’s residents, and transforming it into a shopping plaza with all the modern conveniences found in the capital city’s more centrally-located shopping centres.Century Plaza will have multiple floors and basement parking. Each floor will feature specific types of goods and services that make it easy for shoppers to navigate. The Century Plaza already has over 670 store owners temporarily set up in front of the Century Plaza construction site. Given the popularity of the Old Market, Century Plaza’s expected completion in late Q4 2021 is a much-anticipated development in Por Senchey.Mr. Tom O’Sullivan, CEO of Realestate.com.kh, said “We are proud to have such a popular project as one of our partners. Century Plaza stands on top of the popular Old Market, making it immediately recognizable to many in the district. Additionally, it already has 670 store owners, which speaks volumes in the confidence the local market has in Century Plaza”“We are expecting Century Plaza to be a landmark development in Por Senchey and our team is looking forward to sharing the project’s opportunities with the whole of Cambodia and abroad,” he said.Mr. James Whitehead, CEO of FazWaz Cambodia, said “We’re happy to have Century Plaza on board. It’s a strategically located modern shopping centre along a major road artery (Russian Boulevard) and is only 1.5 kilometres from the airport. It’s unique in its design and, thanks to the Old Market, already has established value as a go-to shopping area among long-time residents of Por Senchey.”About Century PlazaCentury Plaza is a new shopping centre along Russian Boulevard in Por Senchey. The project was developed by JLECC, a property developer with 6 Chinese National Grade A Engineering Consulting Qualifications and 2 Cambodian National Grade A Design and Construction Qualifications. JLECC is working with the Phnom Penh Municipality to realize Por Senchey as a suburban retail hub.Century Plaza has a total of 6 floors with retail/commercial/hotel functions and 2 basement floors for parking. Each shopping floor will host a wide range of stores where its 670 (and growing) store owners are getting ready to sell various goods and services once it opens towards the end of 2021.View Century Plaza Property ListingAbout Realestate.com.khRealestate.com.kh, established in 2009, is home to over 20,000 live property listings making it the largest real estate classifieds portal in Cambodia. Realestate.com.kh works with the leading real estate agencies and property developers in the Kingdom to meet the demands of both local and international property seekers and endeavours to further develop the larger Cambodian property market as the most attractive real estate investment hub in Southeast Asia.Aside from being a popular online platform, Realestate.com.kh has also organized several popular offline events since 2018 that connected real estate agents, property developers, investors, and home seekers with the best deals available on the market.About Fazwaz CambodiaEstablished in 2020, FazWaz Cambodia is the first tech-enabled real estate brokerage in the Kingdom. FazWaz Cambodia represents a new way of doing real estate by giving anyone the opportunity to make money in the country’s growing real estate market and provide the best service and safest possible investment to property seekers and investors in the country.Advertise with usContact Information:Tom O’SullivanRealestate.com.kh, CEOtom.osullivan@realestate.com.khJames WhiteheadFazWaz Cambodia, CEOjames@fazwaz-kh.com

A busy road for a busy neighbourhood. The Russian Federation Boulevard is where hundreds of thousands of Phnom Penh residents pass through on a daily basis. Supplied.Phnom Penh’s suburban districts continue to see the property market’s outward expansion. The areas of Chbar Ampov, Meanchey, and Por Senchey, seemingly left behind just a few years ago, are receiving continued interest from residential developers capitalizing on the suburban living trend, followed by commercial developments meeting the rise of savvy shoppers.In recent years, Chbar Ampov has been a hotbed of borey developments, condominium projects, and even become site of the $2-billion Norea City project by the OCIC. Neighbouring Meanchey district has largely become more appealing to businesses since the completion of Hun Sen Boulevard and the announcement of the AEON Mall 3. The Japanese-brand mall AEON has seen much success in the Kingdom, having also recently announced plans to expand the capacity of AEON Mall 1 in Tonle Bassac, Chamkarmon.Por Senchey’s fast urbanisation is giving rise to modern commercial centres like Century Plaza. Supplied.The Por Senchey district is one of the latest additions to the capital city’s booming suburbs. Por Senchey serves as the gateway for all arrivals from Phnom Penh International Airport, leading to it being referred to as the airport district. Por Senchey is also one of the biggest districts in Phnom Penh in terms of land area and is home to a similarly large number of residents numbering ~227,000 or over 10% of Phnom Penh’s total population according to the General Population Census 2019.Additionally, Por Senchey is home to dozens of boreys (gated-communities), parks, schools, and major roads such as Russian Federation Boulevard, National Road 3, and National Road 4; roads leading inwards to Phnom Penh’s central business district and outwards to provinces such as Sihanoukville and Kampot. Given its large population and Phnom Penh’s outward expansion, Por Senchey is now realizing its potential as a commercial hub.The Old Market is a landmark among Por Senchey’s residents. Supplied.Por Senchey’s Old Market is among the oldest and most popular community markets in the district. Located along Russian Boulevard, it was a convenient place for locals to buy both wet and dry goods, making it the go-to area for Por Senchey residents’ daily necessities.In meeting the growing demand for a modern market in Por Senchey, developer JLECC partnered with the Phnom Penh city government to develop the Old Market into a commercial centre with modern shopping conveniences. JLECC is an established developer in Cambodia with 6 Chinese National Grade A Engineering Consulting Qualifications and 2 Cambodian National Grade A Design and Construction Qualifications.The Century Plaza is designed to take on a triangular layout to take advantage of the 3 roads surrounding it: Road 2005, 2009, and the Russian Federation Boulevard. Supplied.The new shopping centre called the Century Plaza will stand on top of the Old Market. Construction began in November 2019 and will feature 6 floors and 2 basement levels. Each floor will host a range of goods and services, including a supermarket, food & beverage areas, retail stores, and office areas. JLECC plans to include hotel rooms and services into the Century Plaza’s development due to its proximity of ~1.5km from the Phnom Penh International Airport.Century Plaza is already widely known in Por Senchey as the new shopping centre rising on top of the popular Old Market. The new shopping plaza already has over 670 stalls occupied mainly by the tenants of the Old Market. The stalls have temporarily been moved to the Por Senchey playground, in front of the Century Plaza’s construction site. Many in Por Senchey are looking forward to the project’s completion expected by late Q4 2021.View Century Plaza Property ListingArticle by: