In the past years, Cambodia saw an increase in foreign investments in various sectors. The growing number of international companies setting up offices in the country has drawn high demand for office spaces.With more attention and actions taken globally to address the environmentally-related issues and promoting the awareness of the problems, many companies became aware and are doing their best to try reducing impacts on the environment from their actions.Green working space has become a popular solution for companies in a bid to tackle the problems. Having seen this is something Phnom Penh, a city with the growing demand for office supplies lacks, Aquation Hospitality jumps in and offers an eco-friendly office space option with its Aquation Diamond Island project.Aquation Diamond Island is an environmentally-conscious office block with sleek designs, elegant styles and eco-friendly elements which fit with its slogan of "working green, living green". It sets out to be one of a kind of office building in Cambodia with the inclusion of sustainability and environmentally-safe concepts.It is not just some kind of office space. Its campus made up of six different buildings, each hosts two-storey of office space and comes with the greenest interior and exterior designs that offer a relaxing environment for those who work in it. It also helps with stress from work.Aquation Diamond Island is located in Phnom Penh's Diamond Island, one of the fastest developing areas in the city, offering space approximately 10,194 square meters within 50 units ranging from 127 to 284 square metres.Situated in a prime commune of Tonle Bassac means Aquation Diamond Island is surrounded by the most prominent businesses in Cambodia, luxury condo developments, and other facilities including a driving range, pools, gyms, restaurants, banks and international schools. It sure is an ideal area to work and host your companies.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Registration for Cambodia Real Estate Awards 2019 is open.

Realestate.com.kh has recently launched two new features that are now available across the website platform and mobile application to create a more stress-free property search for its customers and users.Realestate.com.kh provides both online and offline marketing services in the real estate industry. To remain the top property-focused marketing company; it is one of the company's main priorities to continually innovate and provide its users with the best experience when it comes to property search.Realestate.com.kh's mobile app is available on both iOS and Android.Two new market-leading featuresThe two new features recently added to the Realestate.com.kh's mobile app and website platform are "Direct Chat" and "Home Finder". It is the latest effort by Realestate.com.kh to improve user experience via modern technology.Mr Tom O'Sullivan, CEO of Realestate.com.kh, said, "We are so excited about these two new features. I believe they will bring the experience of property search in Cambodia to the next level. It is our priority to bring the best products and services to our clients and property seekers."Direct ChatDirect Chat is a new function that allows users to chat and start a conversation directly with the agent selling the property right on the website or the app itself. It works just like WhatsApp. You can either sign up as an individual user seeking for your new home or a real estate agent to engage with property seekers instantly.For example, if you are a property seeker looking for a condo unit, a landed house commonly known as borey or office space. You now can chat directly to the agents whose listings interested you the most. You can find out exactly what you want to know about that property instantly. The agent, in turn, can reply to you directly. You don't have to call or send an email anymore. Better yet, the Direct Chat feature also allows you to send pictures, files and property listings to your potential clients. This is all possible within just one or two clicks.On top of that, Direct Chat has other useful functions that enable you to communicate better. On the top of your screen, you can see the status of the person whether she or he is online or offline. If your receiver has read your message, two ticks appeared on the left side next to your text.Another cool function is auto-translation, which works just like WeChat If you are worried about the language barrier; don't sweat it. Direct Chat's auto-translation mode got you covered. It allows you to generate auto-translations between Khmer, English and Chinese.Home FinderThe Home Finder tool is located in the bottom right-hand side corner on your desktop or the homepage of the app. It allows property seekers to fill in their specific requirements. Once finished, property seekers will be referred to the leading agents that meet the requirements.It takes the hassle away from property seekers when looking for the most trusted agents in the market, and assure that they get to view the latest available properties.To ensure that the platform remains user-friendly, it allows only the first three agents to take the opportunity. The opportunity will disappear once three agents respond to it. It helps users to not having to deal with many agents contacting them later to sell or rent their properties.Why should you download Realestate.com.kh's mobile app?Realestate.com.kh mobile app is a practical and convenient tool for property search in Cambodia. Users can search for any types of properties available in Cambodia for free either for rent or buy and with over 15,000 properties listed on Realestate.com.kh. It's more than any other app, so there is no need to go anywhere else. Everything can be done from the palm of your hand, on the leading property app in Cambodia.Download the app now on iOS or AndroidRealestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.khArticle by:

23 October 2019- Oxley Gem (Cambodia) Co., Ltd, being the developer of The Peak Hotel mixed development Project, located at Sam Dach Hun Sen Road, Tonle Bassac Commune, Chamkarmon District, Phnom Penh City, is pleased to announce that a new main contractor has been appointed to take over the existing construction of the project.In view of our steadfast commitment to the Kingdom of Cambodia, strategic partners and investors of the Project, Oxley Gem has issued the existing Main Contractor Sino Great Wall International Engineering Co., Ltd, a letter of termination on 14 October 2019 in order to allow a competent and financially sound main contractor to smoothly continue the construction of the Project without any stoppage of construction work.This is a strategic decision which Oxley Gem decided to undertake after concerted efforts to assist SINO has failed to show significant results. In so doing, Oxley Gem shall be able to ensure no undue further delay will be caused to the targeted completion and handover date to our prestige partners and investors.We are currently working closely with SINO to ensure all their staff and sub-contractors are duly paid for their work done. This remains a top priority of Oxley Gem to safeguard and protect the interests of the affected parties. At the same time, Oxley Gem has also received the confirmation that the new main contractor will be meeting all the affected parties to review their scope of work and negotiate new work contracts with them to the best extent.On behalf of the Company and all stakeholders involved in the Peak, we wish to state that the project will not in any way be affected by this termination of SINO and replacement of the main contractor. It remains our utmost mission to deliver our project in the highest possible quality and standard to the satisfaction of their expectations.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Registration for Cambodia Real Estate Awards 2019 is open.

Wyndham Hotel Group and LiXin CEO Center had recently signed an agreement of cooperation, which was held on October 22, at Rosewood hotel in Phnom Penh.The agreement was signed by Mr Joon Aun Oo, president of Wyndham hotel's Asia-Pacific area and Mr Xu Ming Zhao, CEO of LiXin Group, witnessed by Cambodian officials and business people.It agreed for the Wyndham Hotel Group, to host its hotel brand inside CEO KT Pacific, a 33-storey commercial and residential building jointly developed by KT Pacific Group and LiXin Group, located in a prime area of Phnom Penh's 7 Makara district. It is a historical moment for Cambodia, a fast-growing economy in the region; as two of the world's most successful groups, join hands together to service the Cambodian's growing markets, the groups claimed. Wyndham Hotel Group is the world's largest and most diversified business hotel group in the world, with headquartered in New Jersey's Parsippany. It is currently operating nearly 9000 hotels with 23 different brands in 80 countries across six continents, said Mr Joon Aun Oo. Wyndham Hotel Group maintains good relationships with foreign governments and it has rich experience in commercial operations across the globe. The group is committed to high-end hotel management and development, he added. "Wyndham hotel's arrival in LiXin CEO centre is based on rigorous market research, precise analysis and calculation. The strict evaluation of the value of the business district, location, the supporting and expected value of the future operation had finally settled the Wyndham brand in LiXin CEO centre," he said. Phnom Penh is becoming an international business centre. The fact that the Cambodian government is putting more efforts and investments to improve the country's infrastructure, has attracted more businesses and investments to Cambodia in the past years, said Mr Xu Ming Zhao, CEO of LiXin GroupCambodia's tourism sector is also growing fast, attracted millions of tourists to visit the country each year. Cambodia is no longer limited to sessional travellers. It in fact also attracts business travellers, he added.Since Cambodia is going to host both 2022 ASEAN summit and the 2023 Southeast Asia Games, the country will be able to attract more people in the coming years. Cambodia will able to attract approximately 15 million business travellers to the country by 2030, Mr Zhao added. "Wyndham hotel, which will be settled in LiXin CEO centre, will be a five-star hotel of the international brand after Raffles, Magnificent and Sofitel. LiXin CEO centre will join hands with Wyndham hotel to welcome the golden period of economic booming in Cambodia," he said. Wyndham Hotel group decides to cooperate with Lixin CEO Centre due to its strong financial status, while it chose to work with the Wyndham Hotel group due to its good reputation in the hospitality industry and in fact it is the world's largest hotel group, he continued.Lixin CEO centre project is built by KT Pacific Group, the third biggest construction company in West China. It is home to Phnom Penh first international commercial and residential new landmark with 130 meters high twin towers and great facilities, such as the international banquet rooms, red wine lounges, cigar rooms, bars, spas, fitness centre, 30m infinity pool and sky bar.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Registration for Cambodia Real Estate Awards 2019 is open.

Subscribe to SingMeng Internet & Get free SingMeng TVIn less than three years, SingMeng Telemedia has become one of the major Internet & TV providers in Cambodia. The company focuses on services provision to real estate projects but its solutions and products are also available for individual users.SingMeng Telemedia has launched a new promotion to celebrate ‘’Water Festival’’, a significant yearly tradition, with the Cambodian people. This promotion includes three months free trial on TV solution. This promotion is available to current Internet customers. They are not obligated to subscribe to the TV solution after the trial period ends if they don’t wish to continue.Promotion details:Subscribe for 6 months or 1 year to SingMeng Internet & Get three months free trial on TV solution.• Subscribe 1 year get three months free trial without deposit• Subscribe 6 months get three months free trial plus $30 deposit • Deposit is refundable and can be used as a service fee. • Promotion is available for current & new customers.Learn more here! What are the benefits being offered?SingMeng TV represents a new step in the TV entertainment industry. This TV solution offers multiple new benefits to its customers. Major benefits include:• A real HD TV viewing experience• More than 110 live TV channels• Hundreds of movies & dramas on demand• Time Shift Program system• Direct access to YouTube, YouKu & iQIY Apps• Multilingual Intuitive and Interactive InterfaceSingMeng aims to provide the best TV solution and great TV viewing experiences with more benefits to the Cambodian people and their family. With these 3 months, Free trial on their TV solution, SingMeng Telemedia want to show to their audience that a better TV solution is present on the market and this solution is ready for them!What kind of content is available on SingMeng TV?During this three-month free trial period, customers will have access to all SingMeng TV content.After being able to provide all the Khmer, live TV channels, the company has decided to continue to invest in this area and to offer exclusive worldwide content.Nowadays, SingMeng TV provides 109 Live TV channels, including 21 Khmer channels, 33 Chinese channels, 53 International channels and 3 gaming channels. In less than three years, the company launched its own channels as well as several premium channels, like Fox Movies Premium, Warner TV, Fox Sports, Discovery or Natural Geographic.Get your free TV:For more information:SingMeng's websiteSingMeng's Facebook page Hotline: +855 96 6661 888/ +855 89 966 888Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Registration for Cambodia Real Estate Awards 2019 is open.

Chip Mong Land has recently acquired the whole property of Grand Phnom Penh International City, one of the major and iconic property developments in Cambodia, according to its former developer’s press release issued on Wednesday.Grand Phnom Penh International City (GPPIC) is a major multi-million real estate development in Phnom Penh. It was formerly developed by a joint venture between Ciputra Group, a renowned property development company in Indonesia and Cambodia’s YLP Group.GPPIC sits on a 260 hectares piece of land located in the north-west part of Phnom Penh’s Sen Sok district. It is only 15 mins drive from Phnom Penh International Airport and the same amount of time from the city’s landmark of Wat Phnom.GPPIC is an internationally-standard property development. It features all the amenities needed for a modern lifestyle including international schools, hospitals, shopping centres, hotels and over 4.400 households, once completed. Not to mention, it also homes to a premium golf course designed by an American-based golf course design firm, Nicklaus Design.(Picture/GOLF CAMBODIA.com)Chip Mong Land is one of the leading Cambodian real estate developers, founded in 2008. It is a subsidiary of Cambodian conglomerate, Chip Mong Group. As of 2019, the company has developed 7 well-known landed projects including Park Land Sen Sok, Landmark 60M and Park Land TK, to name a few.Chip Mong Land has some impressive plans for existing properties within GPPIC as well as some future plans to further develop the site.As an experienced developer, it wants to use its skills and specialisations to build high-quality residential and commercial properties to meet the rising property demands amongst middle and upper-class Cambodians and contribute to the country’s economic improvement, according to the group.“The future plan is to bring newly designed and high-quality houses to meet the demand of our customers. We also plan to build malls and other commercial buildings to serve the rising economy of the country,” said a representative of Chip Mong Group’s corporate communications unit.“For all the existing projects, we will improve the infrastructure and service using our strong and long-term experiences in property development and management,” he added.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Registration for Cambodia Real Estate Awards 2019 is open.Article by:

Some apartment owners in Sihanoukville are struggling to pay off debts, borrowed specifically to build apartments to rent to Chinese nationals. Many units in those new buildings are not filled, after the exodus of tens of thousands of Chinese people from Sihanoukville, amid the ban on online gambling, according to a representative of civil society organisation.In a recent interview with RFI Khmer, a provincial coordinator for ADHOC in Preak Sihanouk, Ms. Cheap Sotheary, said those who borrowed money from banks to build apartments for renting out to Chinese people in the province are facing with a potential risk of not having money to pay off their debts.Many of those apartments became unoccupied after the mass departures of Chinese people after the Cambodian government’s recent ban on online gambling throughout the country. To attract more tenants, some property owners had lowered down their rental fee as low as 50 percent, Ms. Sotheary added.Cambodia to ban online gamblingOn August 18, prime minister Hun Sen issued a directive that halted the issuance of new internet gambling permits and that means the existing licences will not be renewed once expired. The government claimed the move is to address the rising cases of money extortions around online gambling venues.The gaming industry is believed to be one of the main reasons that drew both investors and tourists from China to Cambodia over the past few years, especially to Sihanoukville, Bavet and Poi Pet where the industry booms.Over the past years, the number of direct investment from China to Cambodia has been rapidly increasing, especially into building hotels, residential buildings and casinos in Sihanoukville. These flash investments and sudden influx of Chinese people caused the real estate prices high in Sihanoukville and growing demands of accommodations.Some apartments in Sihanoukville are emptiedHundreds of new apartments were recently built over the past years, which mostly by locals who borrowed money from banks and financial institutions, to meet this huge demand. That’s why they are crashed when a large number of Chinese people left the city.(Picture/ Khmer Times) According to a report by Khmer Times, from August 18 to September 7, about 140,000 Chinese nationals left Cambodia. In an interview in July with Fresh News, national police spokesman, Kirth Chantarith said there were about 2 million recorded Chinese people arriving in Cambodia and about 250,000 were working and investing in Cambodia.Sihanoukville’s real estate starts to feel the hit(From the left, Mr. Cheng Kheng, Mr. James Hodge and Mr. Kim Heang)During his presentation on Cambodia’s Q3 real estate market update held on 11 October, Mr. James Hodge, director of CBRE Cambodia said that the government’s recent ban on online gambling has started to have some impact on the country’s real estate sector specifically in Sihanoukville, the country’s fastest-growing region.Mr. James Hodge said, “generally speaking we started to see some reduction in land prices in Sihanoukville, as some people are putting lands on the market there.”Mr. Kim Heang, CEO of Khmer Real Estate also echoed James’s observation on the impact of the ban.During this presentation at Realestate.com.kh Expo 2019, Cambodia’s biggest real estate expos to date, organised by Realestate.com.kh, the country’s leading online marketing company for real estate, he said the continued departures of Chinese citizens from Cambodia will affect land prices in Sihanoukville, Poipet and Bavet.He said, for the buildings that used to be rented out for ”$20.000 a month, no one is renting them now, even for $8.000 a month, no one is renting them too. For the land price that was risen up to $500 per square meter, and now being sold for $150 dollar a square meter, no one is buying it.”In order to minimise the negative impacts that happening right now on the real estate sector, Mr. Kim Heang suggests that the government continues to issue online gambling permits for those who are currently operating in Cambodia for another year. He believes the move will help stabilise the property market.On the other hand, Mr Cheng Kheng, Chairman and CEO of CPL Cambodia, thinks that the impact on real estate sector from the government’s ban is very minimal. He believes the move will help stabilise the sector instead and that gambling is not bringing stability and long-term investments to the country.To find out more about casinos in Cambodia, read our guide to casinos in Cambodia. Registration for Cambodia Real Estate Awards 2019 is open. Article by:

Having entered and invested in Cambodia’s fast-growing real estate sector since 2017, R&F Group, a China-based property developer with headquarters in Guangzhou, has received tremendous support for its projects in Cambodia, including the Phnom Penh Central City and Phnom Penh Gorgeous Mansion. R&F Group has over 20 years of experience in the real estate development sector and the company follows the path of the One Belt One Road Initiative Policy by building high-quality residential projects from China to Cambodia. In every project, it strives to build the best properties that change people's lives. R&F Group aims to become a respected world-class developer, therefore it adheres to its social and environmental responsibilities. R&F Group offers a new taste of modern lifestyle with its Phnom Penh Central City projectWith a total area of 560,000 square meters, Phnom Penh Central City is a unique property development that provides residents with the best experience of a new and modern lifestyle. It also comes with a high-end sports facility that covers nearly 2,700 square meters. It includes a swimming pool, gym, and golf room. It also has other community facilities including shopping malls for all ages. Due to its well-thought-of and unique design, Phnom Penh Central City is one of the most successful projects by R&F Group. It topped Cambodia’s residential real estate market in 2018. R&F Group introduces Merchant AllianceTo celebrate this huge achievement and its one-year anniversary of the project progression,  R&F Group held a signing ceremony of Merchant Alliance, a business alliance project that aims to provide benefits for both consumers and business partners. The Merchant Alliance was first introduced in 2019 during a dialogue organised by R&F Cambodia, the chamber of commerce of China and major enterprises in Cambodia. Merchant Alliance was then established following the dialogue. What benefits do Merchant Alliance members receive? R&F has cooperated with merchant brands in Phnom Penh to create a resource-sharing and mutually beneficial brand matrix. R&F expects that Merchant Alliance will subvert the traditional business model of resource competition, efficiency competition and brand competition. Being a member of Merchant Alliance provides Phnom Penh-based business partners with huge customer support to promoting the flow of resources. It will also make full use of different business customers, create a diversified consumption matrix, create publicity and promotion channels for businesses.Members will support each other and work together to solve practical problems and seize development opportunities in the future.On September 21, from 14:30 to 17:30, R&F Cambodia introduced and united all Merchant Alliance partners that have already entered (of which there are more than 10 already), integrated high-quality brand resource, and rolled out “9.21% discount with time limits" activity for Phnom Penh consumers at its Hun Sen Avenue Phnom Penh Central City Sales Office. R&F Cambodia continues to welcome on the spot for new customers and merchants intending to join Merchant Alliance and work together with R&F Group Cambodia to achieve mutual benefit and cooperation and embrace a new era of wealth in Phnom Penh.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Registration for Cambodia Real Estate Awards 2019 is open.

(Aerial picture of the under-construction buildings in Sihanoukville. Realestate.com.kh)Cambodia’s construction sector continues to grow given the gradual increase of investments in the sector and large imports of construction materials into the country, according to the latest report released on Thursday by the World Bank.The World Bank’s East Asia and Pacific Economic Update predicted that Cambodia’s economy will increase by 7 percent due to the country’s good performance in the construction sector.Ly Sodeth, a senior economist at the World Bank​ Cambodia, said the total import of steel has increased 63.5 percent within the first nine months this year compared to the same period last year. It indicates strong growth since it was only 27.7 percent increase between 2018 and 2017.“Steel is a key material in the construction sector and we don’t produce steel locally. If we see a huge increase in steel imports, it can reflect how the construction sector performs,” he said.The total investment in Cambodia’s construction sector has reached over $3 billion for the first six months in 2019, while there was only $2.1 billion for the same period in 2018, a 57.5 percent increase, according to data from the Ministry of Land Management, Urban Planning and Construction.Heom Seiha, a research director of V Trust Appraisal, said that values of investment in the construction sector have been increasing significantly in the last decade due to the increase in demand for housing among local buyers, which is driven by the growing numbers of newly-weds and middle-class population.He also added that the growing demand for office space, serviced apartments, condominiums, and commercial buildings also contributed to the rising demand for construction materials.“The rising imports of steel and construction equipment show a steady growth year on year that proves a healthy growth of construction sector,” he said.Chheang Suyheang, a representative for over 100 brick kiln owners in Kandal province’s Mukh Kampul and Khsach Kandal districts, has confirmed that the demands of brick are still high. The orders are mostly from Sihanoukville, Kampot, Phnom Penh and Poipet where the sector is booming.While the industry sees no sign of decline soon, Ly Sodeth from World Bank reminds that having some strategy in hand to prevent any risk is also a good method.“Construction sector always has a boom and bust cycle. We don’t expect construction boom continues forever,” he said.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Registration for Cambodia Real Estate Awards 2019 is open. Article by:

Preah Sihanouk authorities on Sunday announced the start of work to repair damaged infrastructure and building new roads in the city. The project is expected to complete in eight months.According to Preah Sihanouk Provincial Governor, Kuoch Chamroeun who made the announcement via a post on his official Facebook page, 24 stretches of roads accounting for 74 kilometres will be fixed with $100 million budget from the Cambodian government. The work is carried out at the same time by seven different contractors.The renovation project is closely studied and monitored by various high-ranking government officials including Minister of Land Management, Chea Sophara, Minister of Public Works and Transport, Sun Chanthol, Minister of Tourism, Thong Khon and Minister of Environment, Say Samal, according to the post.The $100 million budget was allocated from national reserve funds by Prime Minister Hun Sen in August during a Council of Ministers meeting.Roads in Sihanoukville have been badly destroyed over the past years due to the frequent transportation of heavy construction materials as the city’s real estate and construction sector booms.Registration for Cambodia Real Estate Awards 2019 is open. Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Article by:

(Prime minister Hun Sen gives a speech at a bilateral investment and trade forum held in Hanoi last week. Facebook page)The Cambodian government has recently called for efforts to improve the country’s infrastructure, including the revision and actioning of plans to push ahead with the Phnom Penh-Bavet expressway project, a move expected to boost business, investments, and trade with Vietnam.The efforts were called for by Prime Minister Hun Sen during his speech at the bilateral investment and trade forum held last Friday in Hanoi, Vietnam, which was attended by government officials, investors and entrepreneurs from both countries.He instructed all the relevant institutions and stakeholders in Cambodia to review the feasibility study and set out plans to facilitate businesses and logistics at the border with Vietnam.He also mentioned that there will be increased transportation directly from Vietnam into Cambodia and that authorities should be ready for when the Phnom Penh-Bavet expressway is completed. “Samdech Techo also instructed to all the relevant Cambodian institutions to study and look at the feasibility study in order to put out mechanisms to help facilitate businesses and logistic matters along the borders and especially to get ready for the rapid increase of transportation across the borders after the completion of Phnom Penh and Ho Chi Minh expressways that will meet each other at the international border of Bavet,” reads a post written on Friday on his official Facebook page. The feasibility study of Phnom Penh-Bavet expressway conducted by the Japan International Cooperation Agency (JICA), was concluded in late 2018. The study found that the project will cost $3.8 billion, according to a report by Khmer Times. However, the construction of the 160-kilometre-long road connecting Phnom Penh and Bavet has not started yet, the report continues. Once completed the Phnom Penh-Bavet expressway will be linked to another expressway from Vietnam connecting Moc Bai and Ho Chi Minh City. The connection is believed to draw more investment and trade between the two countries. Cambodia-Vietnam bilateral trade reached $4.7 billion in 2018, which is a 24 percent increase compared to 2017. It continues to grow rapidly reaching $2.72 billion in the first six months of 2019 and expected to reach over 5$ billion at the end of the year, the post continues.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Article by:

Phnom Penh, Cambodia: Tens of thousands of property buyers, investors, real estate agents, developers and more flocked to NagaWorld Hotel over the weekend where the country’s biggest property show, Realestate.com.kh EXPO 2019, was held.Realestate.com.kh Expo 2019 earns a magnificent triumph The Realestate.com.kh EXPO 2019 is a series of real estate exhibitions organised by the country’s leading property search platform, Realestate.com.kh. The show was once again the country’s top real estate event of the year, according to Tom O’Sullivan, CEO of Realestate.com.kh.“This is another milestone moment for our company and the team at Realestate.com.kh. Our latest event, the Realestate.com.kh Expo 2019 was our most successful property sales event yet, we are still totalling final numbers but we have certainly doubled attendees compared to last year and broke the record of $30 million in property sales. Our primary data shows we appear to be well over $40 million in property sales so far” Mr. O’Sullivan said.The Realestate.com.kh Expo 2019 was well-organised and named the biggest gathering of industry experts, developers, agents, financers, legal experts, local and international investors and homebuyers to date, according to the event's participants and speakers.Experts-led seminars help the public to understand the country's real estate development betterIt brought together more than 20 real estate and legal experts to talk about real estate-related topics and the industry’s current trends. To name a few: Cambodian real estate mogul Okhna Sear Rithy, Chairman of Worldbridge Group who gave the opening remarks, Oknha Cheng Kheng, Chairman and CEO of CPL Cambodia, Ms. Catherine Chan, Executive Director of Urban Village and Mr. Li Min, CEO of Prince Real Estate Group.The claim was also echoed by Mr. Marc Townsend, Chairman of CBRE Cambodia and one of the guest speakers at the seminar. He said the event was “well-attended, well-organised and CBRE Cambodia will be back next year.”Catherine Chan, Executive Director of Urban Village, one of the exhibitors at the Realestate.com.kh Expo 2019 said the event was "good and crowded". She added that the event helped raise branding awareness for her Urban Village project and the company will participate again in the next expo.One of the standout exhibitors this year was Prince Huan Yu Real Estate (Cambodia) Group, which closed more than 70 deals worth more than a whopping $15 million, said the company’s planning manager, Mr. Li Yan Jin.Realestate.com.kh Expo 2019 holds the country's best property show of the yearPrince Huan Yu Real Estate in total sold 48 units of office space of Prince Huan Yu Center in Phnom Penh and 24 condo units of Prince Golden Bay in Sihanoukville. On top of that, the company received 168 leads, 68 of which were Cambodians, Mr. Yan Jin added.Another well-performing exhibitor was Morgan Group, which sold 50 condo units of its riverfront condominium Morgan EnMaison. According to the group’s planning manager, Mr. Yao Chao, 17 of the 50 units were purchased by Cambodians, and the total closed deals were worth about $7.5 million.Urban Village is another project that performed really well at the expo. The company sold 10 units on spot and closed 100 more deals in the past week which worth $10 million in total, Ms. Catherine Chan said. Toul Kork Lane had also closed two deals amounting to nearly $130,000.Realestate.com.kh Expo 2019's generous sponsors Realestate.com.kh Expo 2019 was made possible with the generous support of LukFook Jewellery Cambodia, a Hong Kong-based jewellery company with thousands of retail outlets across China and Southeast Asia.Also joining to sponsor the show were international logistics giant ZTO Express, Ezecom, LZ Sea View Residence, Cellcard, The Khmer Times, Netease, Lumiere Residence, YuanDao Architecture, Snowbell Hotel, and CDF-Cambodia Duty-Free.Exhibitors at Realestate.com.kh Expo 2019The companies that presented at the Cambodia Realestate.com.kh Expo 2019 were Aru-Me Metal, Prince Real Estate Group, Prince Huan Yu, Prince Jin Jia, Victory Bay, La Vista One, Urban Village, Bel Air, Creed (Zelkova), Aristo Developers, SH Condo, M Residence, Chief Bank, North Park Condominium, The Penthouse, Beyond Design, HLG (Harvey Cambodia Co., Ltd.), Pafillia Property Developers, Leptos Estate, MAA Architecture & Design, Oxley Emerald, Orkide Villa, Le Bassac, E-Power, Yi Fung Real Estate, Huateng (Cambodia) Investment Co. Ltd., New Landmark, Unicom Scienceplastic, C-Herald Property Service, Huaye, HYO, Morgan, R&F, KH Land, International Top Agent (ITA), Toul Kork Lane, Baoli Mansion, The Bund, CBRE, WanHao, Wealth Mansion, FDD Real Estate, Century 21 Cambodia, and Zenearth.Media Partners Media companies presented at Realestate.com.kh Expo 2019 include: Thmey Thmey, Property Area Asia, Fresh News, CTN, MYTV, Khmer Times, Sabay, Biz Khmer, B2B Cambodia, Eurocham, Britcham, Amcham, Koh Santepheap Daily, Love FM, Sing Meng, Gold Zone Media, Nice Tv, Grep Tech, CDF, Fang.com, Enjoy Cambodia, Angkor Today, Jian Hua Daily, Commercial News, The Cambodia China Times, Tnaot App.The next marquee event from Realestate.com.kh in its event series is the Cambodia Real Estate Awards, which is held in conjunction with the CVEA and the Ministry of Economy & Finance on December 2019. Sponsorship and entries are now open!If you’re interested to sponsor the event please call:Nin Kang (Chinese/Khmer)nin.kang@realestate.com.kh+855 78 637 323 / +855 93 552 305Tyler Stuart (English)tyler.stuart@realestate.com.kh+855 12/81 599 669 Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Article by:

Real estate experts and developers encouraged local investors to invest in building warehouses and claimed Cambodia is in need of more warehouse spaces as the country’s industrial sector continues to grow rapidly.During his opening remarks at Realestate.com.kh Expo 2019 last Friday at NagaWorld Hotel, organised by Cambodia’s leading property search platform, Realestate.com.kh, Cambodian real estate mogul and Chairman of WorldBridge Group Okhna Sear Rithy has called for local investors to build warehouses while the majority focuses on building condominiums, offices spaces and boreys.He believed it will generate more income compared to other types of real estate developments and at the moment warehouse developments are prominently invested in by foreign investors. “I can guarantee that if we have capitals and resources to build warehouses at the suburb of the city, we will earn good revenues,” he said.“If we build warehouses for rent, the business will generate at least 8 to 10 percent in return while renting a condominium can only generate us 5 to 8 percent,” he added.A report by V Trust Appraisal revealed the number of industrial enterprises in Phnom Penh grew tremendously from a small base of 31,000 square meters of industrial space used in 1998 to about 1.58 million square meters in 2018.Heom Seiha, V Trust Appraisal’s research director, predicted the total land size for the garment sector in Phnom Penh will reach nearly 2 million square meters by 2030, virtually twice the size of space needed in 2018.“The garment sector, including clothes, leathers, and shoes productions, took majour lead in industrial growth in Phnom Penh city, not to mention the whole Cambodia,” he said, adding that the garment sector occupies about 70 percent of total industrial space, followed by food and beverage processing and packaging.Lim Heng, Vice President of Cambodia Chamber of Commerce told Realestate.com.kh that the rise of foreign investments in the last few years has driven the demand for storage spaces and has made it hard for investors to find warehouses to rent.“There are no warehouses for rent inside industrial zones at the moment. This is because a large number of companies are currently using the existing ones,” he said.A new report released this month by ADB shows the economy of Cambodia will continue to grow in 2019. ADB predicts that Cambodia’s GDP will grow 7 percent this year and 6.8 percent in 2020.The report noted the country’s industrial growth was robust due to a surge in production of footwear, and travel goods, which led to a revision from 10.1 percent in ADB's April forecast to 10.6 percent, it said.Okhna Cheng Kheng, Chairman and CEO of CPL said more Cambodians are interested to invest in warehouse developments given the rising demands of warehouses due to the rapid increase in foreign investments.“Demands for factory spaces are increasing, thanks to the growing inflow of factories from China to Cambodia,” he said.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Article by:

Cambodia’s biggest real estate expo is set for this weekend. The country’s most popular property website and the event’s organiser, Realestate.com.kh, is expecting this property show to break records of the country’s property sales in which its last property expo generated over US$30 million in property sales while developers gathered thousands of leads.Realestate.com.kh Expo 2019 is happening on this Friday and Saturday from 9:00 am to 6:00 pm at NagaWorld hotel, building 1, Grand Ballroom.Realestate.com.kh Expo 2019 is the latest in a series of property exhibitions that bring together local and international buyers and major real estate developers, including boreys, villas, condominiums and office spaces. It is an excellent platform for both buyers and developers to meet and communicate better.Many people found their dream properties and investments at previous events, with past expos generating over US$100 million in property sales.Who are our exhibitors?Our event is becoming bigger and bigger over the years with rapidly increased exhibitors and visitors. There are more than 80 exhibitors including real estate developers, law firms and financial institutions, to name a few, at the Realestate.com.kh Expo 2019.These companies have been working really hard for the past weeks on preparations for the country’s biggest property show. Tens of thousands of property buyers and investors are expected to show up.Our exhibitors for Cambodia Realestate.com.kh Expo 2019 are ARU ME Metal, Prince real estate group, Prince Huan Yu, Prince Jin Jia, Victory Bay, La vista One, Urban Village, Bel Air, Creed (Zelkova), Aristo Developers, SH Condo, M Residence, Chief Bank, North Park, Condominium, The Penthouse, Beyond Design, HLG (Harvey Cambodia Co., Ltd.), Pafillia Property Developers, Leptos Estate, MAA Architecture & Design, Oxley Emerald, Orkide Villa, Le Bassac, E-Power, Yi Fung Realestate. Huateng (Cambodia) Investment Co.,Ltd., New landmark, Unicom Scienceplastic, C-Herald Property Service, Huaye , HYO, Morgan, R&F, KH Land, International Top Agent ( ITA), Toul Kork Lane , Baoli Mansion, The Bund, CBRE, WanHao, Wealth Mansion, FDD Real Estate, Century 21 Cambodia, Zenearth. MB Bank, OCIC, Yes 168 Real Estate-SJ Asset Management, SEAPS-South East Asia Property Services, Pointer, Borey Williams, Asian Condo Brokers, Vue Aston and Happy City.Real estate-related topics conducted by the industry expertsIn addition to the exhibition space, there will also be 23 seminars on various real estate topics led by some of the most outstanding local and foreign real estate experts who have years of experience working in the sector.Therefore, visitors do not only get to view many projects in one place, but they will also get a chance to learn more about the industry in Cambodia.Tom O’Sullivan, Realestate.com.kh’s CEO said, “We really think that seminars are a great way to educate the market. In this way, we are also fulfilling our responsibility as a trusted resource for our visitors.”Seminars will be conducted in three different languages including Khmer, English and Chinese over the course of two days with translations provided. So that everyone can participate.Day one seminar topicsRealestate.com.kh always strives to become the most trusted source of information on the real estate sector in Cambodia. It aims to create the most useful and educational event for its visitors. Therefore, visitors will walk away with new knowledge and insightful information to help them with their decision-making.Guest speakers for day one:Oknha Sear Rithy, Chairman of World Bridge Group, Opening remarksOknha Cheng Kheng, Chairman and CEO of CPL Cambodia, An overview of Sihanoukville real estate marketMr. Sorn Seap, Founder and Director of Key Real Estate, An overview of the real estate market in Phnom PenhDr. Kim Heang, Regional Operating Principal at Keller Williams Cambodia, An overview of landed property in CambodiaMr. Marc Townsend, Chairman of CBRE Cambodia, Where to find real value in real value in the Cambodia real estate marketMr. Matthew Rendall, Senior Partner at SokSiphana & Associates, An overview of Cambodia property lawMs. Catherine Chan, Executive Director of Urban Village, How to structure your project to focus on Khmer buyers, and what Cambodians should look for when considering their property purchaseMr. Dan Davies, Director of CBRE Cambodia, Protecting your investment: Opportunities and challenges of property management in CambodiaMr. Kieu Sarang, Brand Manager of MB Bank, An overview of business, property and vehicle finances in CambodiaMr. Seraj Sutton, Chief Operating Officer at Century 21 Cambodia, An overview of Kampot regionMr. Tom O’sullivan, CEO of Realestate.com.kh, Insights from Realestate.com.kh data and The Cambodia Real Estate SurveyMr. Nguon Chhayleang, CEO of Pointer Property, An overview of Siem Reap property market and Bakong villageDay two seminar topicsDo come back later for the second day as there will also be a wide range of other topics led by other real estate experts on the second day. They will help you understand the real estate sector in Cambodia better and help you make the right decision either for property purchase or investing in real estate developments in the country.Guest speakers for day two:Mr. Li Min, CEO of Prince Real Estate, An overview of the Cambodia property market and the future plans of Prince Real Estate GroupMs. Chhay Leakhena, LukFook Jewellery, LukFook brand story and introductionMs. Daphne Deng, Chairman of the Peninsula Capital, Executive Director of Sino-Cambodia Investment, 2030 Phnom PenhMr. Haijun Zeng, Partner at Tings and Associates, Uncle China Triumphs at lastMr. Edward Lin, CEO of Yi Fung Real Estate Services, An overview of Cambodia’s emerging markets, Sihanoukville, Bavet, Kampot and KepMr. Wayne Wang, Co-founder of LumiArch Global, A game of win-win or lose-lose between house/condominium sellers and buyersMr. Askins Lam, Country Director (China), Commtech Asia, The next frontier: Understanding the technical pitfalls within integrated resort and commercial developmentsDr. Raymond Choi, Chairman of Prestige Homes Cambodia, How will the online gambling ban impact the property market and Chinese FDI?Ms. Doris Han, Sithisak Law Office Senior Legal Advisor Sithisak, Corporate governance structure in Cambodia and Conventional land transaction issuesMr. Tasos Stavrou, Group Sales Operations Manager, China and Asia GM, Real estate investment opportunity in Europe-CyprusMs. Vann Sokun Nymol, Business Development Manager of Harvey Law Group, An introduction to permanent residence programmes in the US, Canada, the EU and citizenship programmes in the CaribbeanBig promotions at the Realestate.com.kh Expo 2019There will be significant discounts and promotions offered on the spot. The event offers a great opportunity to get the best deals on condos, boreys, land and more - all in one place. Don’t waste time driving all over the country looking for real estate. Come to the Realestate.com.kh Expo 2019 to save time and money.Visitors will, of course, get the chance to talk with the developers and ask plenty of questions. However, they will also be able to take advantage of promotions from developers, who will be competing with each other to reach their sales targets, said Tom O'Sullivan, CEO Realestate.com.kh.“If you’re looking to buy property this year, Realestae.com.kh Expo 2019 is an ideal event for you to look for your dream homes. All the biggest developers, boreys and condos will all be in the same room,” he said, “They will be competing to offer the best discounts they can for buyers.”Get instant souvenirs and chances to win big prizes from LukFook JewelleryThe main sponsor of Cambodia Realestate Expo 2019, LukFook Jewellery offers souvenirs for people who buy properties on spot at the expo. The first 12 property buyers of the day on both Friday and Saturday will be instantly given a piece of jewellery that is worth up to $200 from the LukFook Jewellery. (Buyers must present proof of purchase.)LukFook Jewellery Cambodia is part of a Hong Kong-based jewellery company with thousands of retail outlets across China and Southeast Asia. On top of the instant prizes, LukFook is helping to spice up the event more by offering the property buyers chances to win two grand prizes: Doxa Men's Watch worth $2,830 and Piaget Women's Diamond Watch worth $1,850. All property buyers are eligible to enter the drawing for the grand prizes.This year’s event is also sponsored by International logistics giant ZTO Express, Ezecom, LZ Sea View Residence, Cellcard, The Khmer Times, Netease, Lumiere Residence, YuanDao Architecture, Snowbell Hotel, and CDF-Cambodia Duty Free.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Register for free now for express entry.Article by:

Make sure you book an appointment to visit Aristo Developers at this years Realestate.com.kh Expo to learn about investing in the Cyprus property market & unlocking visa free travel to over 150 countries! For over Four decades, Aristo Developers has been the preferred choice for establishing long-lasting property partnerships in Cyprus. As an award-winning property developer, we are able to offer the most comprehensive real estate solutions, for you and your clients, with the widest range of freehold properties in the most prime locations throughout Cyprus.Aristo Developers OverviewOver 40 years of experience in Property Construction and Real EstateOver 300 island wide developments with 35 projects currently in the marketOver 14,000 satisfied clientsLarge-scale investment opportunitiesRepresentative offices in China, Egypt, Greece, UAE and VietnamExtensive network of partners around the globeGuaranteed delivery dates and title deedsExcellent after-sales and customer services including property management, landscaping, maintenance, rentals and re-salesIntroducing CyprusAs the safest country in the European Union, and one of the best countries to relocate globally (Knight Frank), Cyprus is an attractive place to do business and a unique place to reside. Real Estate in Cyprus has proven increasingly popular to foreign investors which consist of 25% of the island’s investors. Individuals looking to invest through Real Estate, take advantage of Cyprus’:The most favorable incentives in the area of property taxation:- Zero Property Tax- Zero transfer fees- 5% reduced VAT policy for first property purchase- Zero inheritance tax- Low Capital Gains TaxThe future of Cyprus is extremely positive. Significant gas reserves in Cyprus’ exclusive economic zone and the creation of the largest European casino in Cyprus will contribute significantly toward the growth of the island’s economy, and will attract high net worth individuals and tourism.  The island has already established itself as a premier golfing destination with four international golf courses currently operating and more are planned, both to meet growing on-island demand and the requirements of quality tourism.  Cyprus has also become increasingly popular for integrated luxury yachting marinas which have attracted a new caliber of world-class tourists and investors. Cyprus Investment Programme and Permanent Residency ProgrammeToday, the island of Cyprus offers the simplest, fastest and most efficient programmes globally for obtaining Cyprus Citizenship and Permanent Residency through property investment.  Cyprus Citizenship:Examined within 8 months Minimum property investment of € 2 million (plus vat)Government donation €150,000 (as of 15 May 2019)Covers the whole family including dependents and investor’s parentsVisa-free travel to 158 countriesThe freedom to live, work and travel within the European UnionValid for lifeCyprus Permanent Residency:Issued within 2 monthsMinimum property investment of € 300,000 (plus vat)Covers the whole family including dependents and parents of main applicant and spouseEasy access within the EUValid for lifePlease book a private appointment with us to find out more about real estate investment in Cyprus and the Cyprus Investment Program for Citizenship and Permanent Residency. Cambodia Real Estate Show, 4th – 5th October 2019 At Nagaworld Hotel, Phnom Penh, Cambodia Booth No. 48Email: mily.bonanza@aristodeveloeprs.comMobile: +855 (0) 98 67 67 82Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Reminder: It is free to enter the Realestate.com.kh EXPO 2019 at NagaWorld. Register now for express entry.

(Borey homes are shown in Phnom Penh’s Sen Sok district. Supplied)The Asian Development Bank (ADB) regards the continued buildup of credit in Cambodia real estate and related businesses as a risk that could disrupt the country’s economic growth.According to an ADB report from last Wednesday, the Cambodian economy remains on track and is expected to expand seven percent this year due to continued strength from traditional sectors such as garments, tourism, trade and construction.However, ADB warned that growth could be disrupted if the European Union moves ahead with the suspension of the Everything But Arms (EBA) scheme which gives Cambodian goods duty-free access to the economic bloc. ADB also cited the buildup of credit in the real estate sector as a concerning factor.“With increased uncertainty in the global trading environment and its impact on services such as tourism, Cambodia urgently needs a focused diversification strategy into niche and high-value products and services,” said ADB Country Director for Cambodia Sunniya Durrani-Jamal.“This will require reducing risks emanating from lending to an overheated real estate sector, development of more skilled and productive workforce to justify rising wages, and attracting high-quality capital investment—all of which, in turn, need strong governance and institutions.”Despite raising concerns over credit to the real estate sector, ADB did not cite any specific data related to the matter.According to Credit Bureau Cambodia (CBC), outstanding mortgages hit $3.42 billion at the end of June, an increase of 30 percent from the same time last year. This sum, however, does not include developer-backed mortgages that are widespread in the Kingdom.Sector will ‘reach a peak’ADB isn’t the only body that has expressed concern. The National Bank of Cambodia (NBC) and the World Bank in Cambodia have noted the risks of credit surging beyond real demand.The NBC issued a statement earlier this year stating that credit growth in the construction and real estate sectors was still high at around 31 percent.Talking to journalists at a seminar earlier this year, World Bank senior economist Ly Sodet said that construction and real estate has always seen growth and contraction cycles.“When it reaches a peak, it will fall. Nobody knows exactly when this will be, and for now, real estate and construction prices are also growing, making more bank loans available. This increases risk, so protecting the health of the financial sector is vital to prevent economic problems,” he said.According to VTrust Appraisal’s research director, Hoem Seiha, growth in the property sector has been happening hand-in-hand with strides in the financial sector.“Flexibility of housing payment options has stimulated the housing market over the past few years,” he said.Nuon Rithy, chairman and CEO of Khmer Appraisal Foundation (KFA), said that the financial and real estate sectors in Cambodia are growing rapidly in parallel.He added that more people are entering adulthood and want to live more independently than their parents. The financial sector is helping them to fulfil these dreams.“Before people had lower incomes, and the biggest concern was having enough food to eat. Now people have higher incomes and they want to upgrade to a more comfortable lifestyle.”Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Reminder: It is free to enter the Realestate.com.kh EXPO 2019 at NagaWorld. Register now for express entry.Article by:

(A rendering shows how augmented reality could be used in Phnom Penh. Supplied)In one of the fastest developing cities in the region, we are set to see what an equally fast-growing technology sector may mean for the future of cities everywhere. We are about to enter a world of opportunity where the virtual can be overlaid on the physical city around us. In the 1980s, there was an idea that the virtual world would replace the real world. This seems unbelievable now. Nevertheless, there are many places where the virtual and physical worlds cross paths. New technologies are being released that let people experience their surroundings, communicate and visualise space on a completely new level. Architects, designers and city planners need to work with software engineers and coders to embrace a new way of shaping the environments we inhabit.The failure of Google GlassDoes anyone remember Google Glass? They were lenses that essentially allowed users to get heads-up displays as if they were playing a video game. However, the associated products were huge flops. But maybe Google Glass was just ahead of its time. After all, video calling technology has been around since the 1920s. It took until the introduction of Apple’s Facetime app for the iPhone in 2010 for the tech to see widespread use. Make no mistake, when the next release of a Google Glass-like product is announced with adequate hardware and software integration, it will transform our world and impact numerous areas of work and life.‘I’ll be back’The first Terminator film gave us an idea of how the world could be overlaid with information. Now, more than 20 years on, the potential of augmented reality seems much more extensive. Companies like Earthmine are developing information-laden landscapes that show real-time information that help in planning city development. Other films such as Inception and Assassins Creed show what could be possible with simple adaptations of our built environment, turning it in on itself, folding elements and facades. What does it mean if we can alter our existing cityscape virtually? Can we unshackle ourselves from the limitations of gravity and design elements without material consideration? Quite simply the answer looks like a resounding yes. But will this be a "modern utopia" or a "brave new world"?‘I choose you!’The public's willingness to engage with augmented reality is there. The popularity of Pokémon GO has shown that those who can harness the potential of augmented reality can have profound effects on people’s behaviour and encourage new engagement with otherwise overlooked landscapes. Sure, there will be challenges. Who are the gatekeepers? How do we retain security and privacy? Soon, our environment could be adjusted and personalised to fit our own tastes. The whole concept raises so many questions: How can we know where the real world ends and when augmented reality begins? Is it safe and how do we share experiences with others in such a personalised world? Will there be 'Laws of Augmentation' governing the use and locations of how it can be used? All are valid concerns, but they could be outweighed by the sheer scale of what “augmentecture” could mean to our world.So how do architects, planners, designers, engineers and developers deal with this advance of the virtual into our world of bricks and mortar? Will buildings become plain and opt for virtual decorations instead? Think of your whole apartment using green screen technology.My guess is we will see the rise of this phenomenon in isolated spaces at first such as arenas, music venues, or retailers. After this, it is the public realm where technology has the most opportunities to shape our experiences of the built environment.Interested in green and public spaces in Cambodia? Read David Cole's last guest article on three offbeat ideas for improving Phnom Penh public spaces.Article by: David Cole is the founding partner of Building Trust International and principal at COLE, an architecture and design practice with offices in Phnom Penh.

(Officials speak at a real estate seminar in Phnom Penh last week. Supplied)When Ly Vuthy, a Phnom Penh IT professional, wanted to buy a house two years ago, his parents discouraged it. Anything he could afford would be far from the city centre, they said.Vuthy relented, believing that prices would soon rise far above his budget. He spent $55,000 on a new home located along National Road 6, around 16 kilometres from the Chroy Changvar Bridge.“It is a bit far, but I cannot buy a house [in the middle of the city] with that amount of money,” he said.“Whenever we have the ability to own a house, we better do it immediately even if it is a bit far. If we wait, we will need to go farther or spend more.”Two years on, Vuthy’s insights are coming true. Home values around his property are on the rise, and more borey developers are pushing farther from the city centre. Speaking at a seminar last week titled Current and Future Situation of Real Estate in Cambodia, VTrust Appraisal’s Research Director Hoem Seiha said that landed housing projects are moving into the outskirts of Phnom Penh.Seiha, who authored the company’s Phnom Penh 2030 report, added that the new projects are currently being developed as far as 25 kilometres from the capital’s central business district (CBD). He predicts that developments will be as far as 35 kilometres from the CBD by 2030.“Increasing prices and limited availability of land in the inner areas and suburbs are pushing new borey project to be developed farther out,” he said.“In the future, only condominiums will be available in the inner-city area, as they don’t need as much land to be developed.”Several borey projects are being developed in the outer areas of the city. Borey the Flora sits about 17 kilometres from Wat Phnom. Borey Piphup Thmey, meanwhile, is constructing several projects, all of which are 10 kilometres or more from the CBD.Chrek Soknim, president of the Cambodian Valuers and Estate Agents Association, said that he expects the average Phnom Penh household size of around four or five to drop in the coming years.“In the future, the average [household size] will be only one or two people,” he said.“The younger generation doesn’t want to live in a crowded space and they will shift from traditional houses to condos,” he said.According to VTrust’s Phnom Penh 2030 report, Phnom Penh will see a steady rise in the supply of condo units over the next 10 years, eventually reaching 295,000 by the end of the decade. This represents a fivefold increase over 2018 when there were just over 61,000 condos in the capital.The same report predicts that landed homes will increase threefold over the next 10 years from around 150,000 at the end of 2018 to about 450,000 by 2030.Reflecting on his decision to buy a home that, two years ago, seemed far from the centre, Vuthy was glad he bought the property when he did.“The future of new houses will be farther [from the city] and if we hesitate to buy, we will only have to go farther or buying a smaller condo.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Reminder: It is free to enter the Realestate.com.kh EXPO 2019 at NagaWorld. Register now for express entry.Article by:

You’ve probably been hearing the buzz around town about the Realestate.com.kh Expo 2019. It’s set to take place at Phnom Penh’s NagaWorld complex on October 4 and 5. All the biggest names in real estate will be there with boreys, condos, land and more. One of the biggest names joining the show, however, is LukFook Jewellery.The Hong Kong company, which recently opened its Cambodia flagship store along Sihanouk Boulevard, is thrilled to be a part of what will be one of the most high-profile events this year.Attendees will be able to learn more about the company on the day of the event. What’s more, anyone who buys property at the event will be eligible for a prize, supplied by LukFook Jewellery. So, if you’re planning on buying property this year, you should do it at the expo!What is LukFook Jewellery?Established in 1991 and listed on the Stock Exchange of Hong Kong in 1997, LukFook Group has experience in every facet of the jewellery business. The group entered mainland China in 1994 and now operates almost 2,000 different retail outlets there.The group strictly controls quality, from raw material procurement, production to after-sales service. In 1996, it established a wholly-owned subsidiary, Zhonghua Jewelry Appraisal Center, which provides diamond identification, rating, jade and coloured gemstone identification and jewellery quality assessment.Following the trajectory of the Belt Road Initiative, LukFook has begun expanding its operations in Southeast Asia. Following the opening of two branches in Malaysia in 2017, the company opened its flagship store in Cambodia in 2018, hoping to bring quality jewellery and professional intimate services to the local market.“In keeping with the corporate vision of the Group [we] have been looking for newbusiness opportunities and expanding the territory in the international market,” said Huang Weichang, chairman and CEO of LukFook Group.The flagship store in Phnom Penh covers an area of ​​over 5,600 square and can be found at #41 Sihanouk Blvd.LukFook Jewellery prizes at Realestate.com.kh Expo 2019LukFook Jewellery wants to help make the Realestate.com.kh Expo 2019 one of the most memorable events Cambodia has ever seen. That’s why they will be offering up nearly 30 prizes to buyers at the show.If you are one of the first 12 property buyers of the day on either Friday or Saturday, you will INSTANTLY win a piece of LukFook jewellery worth up to $200. (Buyers must present proof of purchase)These instant prizes range from 18K gold chains, rings and pendants to earrings and bracelets.Don’t forget the two grand prizes! All property buyers are eligible to enter into the drawing for the grand prizes:Doxa Men's Watch worth $2,830Piaget Women's Diamond Watch worth $1,850If you’re going to buy property, do it at the Realestate.com.kh Expo 2019Is 2019 the year you’re going to buy your dream home, borey or condo? Don’t waste your time driving all around the country, waiting for hours for long appointments. Come to the Realestate.com.kh Expo 2019. All the country’s best project will be in one room!Even better, the borey developers, condo projects and builders will all be offering their best deals of the year. Don’t pay full price for your property.Attend the Realestate.com.kh Expo 2019 for free on October 4 and 5 at NagaWorld.

The real estate boom has rapidly changed the landscape of Cambodia’s capital of Phnom Penh with many new skyscrapers.This Southeast Asia city was once known as “the Pearl of Asia” due to its rich French colonial architecture including buildings, avenues and parks. However, it is transforming as many of these buildings are being demolished and replaced with new development projects.Cambodia was under French colony for almost a century dating back from 1867 to 1953. Although, the French legacies and influences remain strong in Cambodia.For instance, many French words are still used in Cambodia’s everyday language. Many French colonial buildings still stand tall in the city. To learn more about all the colonial buildings in Phnom Penh, make sure to check out our full guide to colonial architecture in the capital.Number of colonial buildings in Cambodia dwindlingMany French colonial buildings can be found across the country mostly in Kampot, Kep, Battambang and Phnom Penh.However, a number of these buildings in Phnom Penh were knocked down to make way for new developments including residences, shopping malls and office spaces.According to a media report, about 40 percent of the colonial buildings that survived various wars including the Khmer Rouge, had been cleared out in the past 20 years.There is a fear that Cambodia is going to lose all its charms which many believe that are the draws that bring in many tourists in this country that heavily depends on tourism. Concerns are raised and preservations are called for these buildings.Phnom Pehn houses a significant amount of colonial buildings and houses. Some of them were renovated and are being used as hotels, restaurants, bars, museums, art galleries and residences.Freer Properties promotes colonial real estatePaul Ellender, an architect from Australia said, he was amazed by the astonishing designs of those colonial buildings.After years of having lived in Cambodia, he has accumulated love and interest for their unique designs. He added the fact Phnom Penh has all these old colonial buildings made it different from many cities in the world.“Once a French colonial urban centre, Phnom Penh is known as one of the most delightful cities in the world. Its wide tree-lined avenues, pretty gardens and exquisite,” he said.“It is this style that I find most attractive and separates Phnom Penh from many cities around the world,” he added.On a mission to preserve colonial propertiesEllender is currently working as a manager at Freer Properties. a real estate agency based in Phnom Penh.He also mentioned that he is very compassionate about these buildings. He wanted to help preserve them. That’s why one of Freer Properties’ key focuses is to promote those renovated old colonial buildings mostly around Daun Penh area.“Colonial buildings are something to cherish and preserve. If all the old buildings are torn down, Phnom Penh will become yet another glass and concrete jungle, inseparable from most other urban centres,” he added.Interested in finding a colonial-style apartment? Browse all of Freer Properties’ offerings on Realestate.com.kh.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019Article by: