A commercial space for only $6500?It sounds too good to be true!With a total investment of over $130 million, the largest international trade centre in Cambodia is coming.Beng Salang village in Russey Keo District, Phnom Penh City, was once the inland container depot (ICD) of the Autonomous Port of Phnom Penh. In 2013, ICD was relocated to Kandal province. Subsequently, Yunnan Shengmao Investment Co., Ltd. seized the strategic opportunity and drew up a blueprint for a largest global commodity wholesale centre that sits on the soil in Beng Salang village, which also will be built as the largest entertainment and shopping centre in the Kingdom.The project is a key development under a co-operation between Cambodia and China. This coincides“One Belt, One Road” initiative. It will be a commercial landmark hosting over 10,000 businesses and more than 100,000 kinds of products!A new attraction hits the limelightThe Royal Palace of Cambodia is perched right on the confluence of the Mekong and Tonle Sap rivers. It is the ultimate presentation of Khmer culture and draws countless tourist each year. The Triumph Commercial Centre will take inspiration from features of the palace. It will blend tradition with modernity.Construction will occur on a 22,000 square metre plot of land. National Highway 5 is to the west and Highway 36 is to the south. TCC will sit at the axis of Cambodia’s global businesses. TCC will be the largest international commodity wholesale trade centre in CambodiaThe Phnom Penh Autonomous Port is one of the two ports in Cambodia. It yielded a net profit of $7.35 million in 2018, an increase of 36% year-on-year.Supported by advantages of the Phnom Penh Autonomous Port, the wholesale trade centre of TCC will introduce 10 business sections, attract 10,000 world brand, host over a million categories of products, and more than 100 million traders per year. This place will exist on a massive scale.Meanwhile, the developer of TCC is determined to create a safe, convenient, smooth and comfortable environment for traders, by adopting a secure surveillance system and a professional security team. The layout of the centre creates convenience via individual paths either for cargo handling and car parks or access for visitors. This modern trade centre will be managed with tech and highly efficient manpower, to ensure its unlimited prospects.The largest tourist and entertainment centre in CambodiaPhnom Penh City has been growing more prosperous and stronger under vigorous development. It has attracted business elites from all over the world. Russey Keo district was once an inconspicuous area. It is now hot for its profound potential and good opportunities for investment.The second phase of the TCC Triumph Commercial Centre is built to satisfy the need of modern urban life. It will include a culture museum, science and technology museum, children's amusement parks, sports plazas, a 2,000-metre Star-avenue, commercial pedestrian streets, pub streets, gourmet corridors, as well as high-end apartments and office buildings, five-star hotels, and more. This mega-complex will surely become the most popular tourist and entertainment centre of Cambodia.Invest in Unicom Global trade centre of CambodiaThe opportunity to be a part of this project is a once-in-a-lifetime chance. The TCC Triumph Commercial Centre is now up for sale. It is incredible that the smallest units of this project cost only $6,500, and comes with great potential, which is a boon for commercial property buyers.What is even better is that the One Belt One Road Business Support Fund by TCC provides a total of $200 million to enterprises or individuals to set up businesses at TCC. The fund will grant up to $20,000 per unit to outstanding businesses.This means that now you, a smart businessman, need only to invest a small amount of money to share the great advantages offered by TCC, and to fulfill your dreams. The offers from the fund will be closed, as soon as the number of applications reaches the maximum.Do not wait or hesitate. Grab the key to a place of treasure now! (Website: http://www.oiisc.com/)The Cambodia Home & Lifestyle Expo 2019 hosted by Realestate.com.kh will be held on April 26-27 at the International Convention and Exhibition Center on Diamond Island in Phnom Penh. Over 100 exhibitors and more than 10,000 visitors are expected to attend!OC CONSULTANCY SERVICES, a direct holding company of Overseas Investment Immigration Service Centre (Hongkong), has associated with TCC to be exhibiting at booths 63, 64, 77 and 78 at the expo.Free entry for everyone!For more details, please scan the QR code and consult the customer representative.

Phnom Penh is still a small city by global standards. Current estimates put the city population at around two million. Compare that to over eight million for both Bangkok in Thailand and Ho Chi Minh City, just down the road in Vietnam. But those on the ground will tell you that Cambodia’s capital is somewhat of a hub for regional migration. Many speculate that this is because the visa process is simple, the economy is growing, and daily life is super affordable.Certain areas of the capital are emerging as enclaves within the city. Realestate.com.kh wants to give you a handy guide to these areas, and outline what housing in the area looks like.So, here’s your guide to Little Tokyo, Little Seoul, Little Manila and Little Taipei in Phnom Penh:Little TokyoThis isn’t so much a single area as a single road. Simply start at the intersection of st 63 and st 466 just south of Mao Tse Tung and head north. You’ll see Japanese restaurants aplenty on either side of 63.The restaurants have actually spread out through BKK1 in recent years. They were once all concentrated near the Japanese embassy, however. Luckily, you can find great Japanese food here in every price range. If you want to spend a little more try Katanashi or Green Bowl. When looking for a quick noodle fix you can’t go wrong with Murugame.Yuko, a Japanese expat who lived in the capital's BKK1, said Japanese restaurants were great if she wanted a little taste of home."The prices are quite fair so many of my colleagues also liked to go there, especially if they lived by themselves," she said, adding that her favourite places in the capital were Wako, Shangrila and Garaku.Living here can mean anything from finding a shophouse for rent in BKK1 to a serviced apartment for rent in BKK1. A quick way to get started would be to start looking at real estate for rent in BKK1. Little ManilaOne of the biggest Asian expat populations in Cambodia is Filipinos. Many find opportunities here teaching English or working for regional companies. It’s no surprise that a few restaurants have popped up to satisfy their taste for home. Most of these places are clustered around the Toul Tum Poung (Russian Market) area. Michael John M. Gonzales, the owner of the restaurant Mang Miguel Kainan, said the majority of his customers are Filipino expats. However, other expats also make up a larger part of their base. “We’ve been running the restaurant since 2016. Initially, we chose this area because it is a well-known tourist spot. Over time we’ve seen it become more of an expat area because of its convenient location, and a great place to live,” he said.Indeed, this area is known for diverse food offerings and it one of the most popular for expats. Housing options here are mainly shophouses for rent in Toul Tum Poung and apartments for rent in Toul Tum Poung. Read our profile of Toul Tum Poung to learn more about the neighbourhood. Also, find out what you should be paying in our expat rental guide to Phnom Penh.Little SeoulInterestingly, Toul Kork has been deemed the Korean enclave in Phnom Penh. North of Russian Blvd there is a smattering of restaurants serving up Korean fare. These include Dae Jang Geum, Heng Heng, Goong BBQ and Hwaro. Interestingly, Korean food may be the cuisine that has gotten the most traction with Cambodians. Some speculate that this could be due to the popularity of Korean pop music, television and movies that are popular among Khmer youth. In 2017 Phnom Penh even hosted a massive concert on Koh Pich Island given by CL, a Korean singer.Commenting on Korean food in Phnom Penh, local expat Jihye Kim claimed that it varies a lot in terms of price and quality.“Authentic Korean food is pretty expensive here. And the more affordable restaurants are catered more for local tastes,” she said. However, she noted that Heng Heng, in Toul Kork, was one of her favourites and quite affordable."When I first walked in there, BAM, I was back in my grandma's kitchen."The fact that Korean restaurants have taken off in Toul Kork is a testament to the district’s status as a residential area for affluent families. As the middle class grows, more people want to live in quiet, secure areas which are still close to the city.To dive further into this quickly growing area, watch our video about real estate in Toul Kork. Despite being more attractive to local families, there are still plenty of options for expats there. In fact, apartments for rent in Toul Kork, condos for rent in Toul Kork, and even villas for rent in Toul Kork can be found quite easily. Overall, rentals in Toul Kork are more affordable than those closer to the centre of town. Little TaipeiThere are tons of Chinese restaurants in the city. If you’re looking for hand-pulled noodles, dumplings or dim sum, there are many places you can find it. If you want a taste of Taiwan without getting on a plane, however, just head to street 225.Just south of Russian Blvd there a stretch of Taiwanese establishments serving up everything from radish cakes and beef noodles to scallion pancakes. Big names are Qian Chao and Lo Kang Seav Chen, or Taiwan FamilyMart if you need groceries.Just like Little Seoul, this area is in Toul Kork district, albeit the more central part. Rent here is usually significantly cheaper than in areas closer to the CBD. Read our Toul Kork guide to see what you should be paying. Apartments for rent in Toul Kork can start at around $300 per month, serviced places like condos for rent in Toul Kork can be found for as little as $700, and villas for rent in Toul Kork start at around $500.Phnom Penh, an international cityEveryone knows about the Western expat spots in Phnom Penh. But travel a bit further off the beaten path and you’ll find that the city has tons of different cultures and cuisines. Visiting new and interesting restaurants is a great way to explore the city and try something new. Keep exploring and you’ll find even more food from all over the world. Phnom Penh hosts people from Iraq, Armenia, Ethiopia, India, Nepal, and so many more places. And they all make amazing food.No matter where you want to live in Cambodia, make sure you know what you want. Use one of our trusted agents in Cambodia to find a place that fits you best.And, in the meantime, browse listings of expat rentals in Phnom Penh.

Phnom Penh is a city defined by rivers. It sits at the point where four waterways intersect. The Tonle Sap, Tonle Mekong Leu, Tonle Mekong Krom and Tonle Bassac all connect in the Kingdom’s capital. Why then, is the riverside area still waiting to see major real estate development?Though there are a few ongoing projects there, and a few in the pipeline, the area has yet to take off in terms of investment. This sits in contrast to other areas of Phnom Penh such as the central business district, real estate in BKK1 and real estate in Toul Kork which have all seen numerous projects across many different industries. Koh Pich, on the other hand, may be an exception. It has flourished over the past few years. Along with other waterfront areas such as Chroy Changvar, Koh Norea and Areyksat it could take centre stage in 2019 and beyond.Sorn Seap, founder and CEO of Key Real Estate, said that Phnom Penh benefits from a large supply of riverside land. He claimed these locations were perfect for the development of high rises. Developers have begun to take advantage of land along the Tonle Sap and Tonle Bassac, he said, while land near the two diversions of the Mekong is largely undeveloped. “Koh Pich and Chroy Changvar are seeing most of the activity. Developers aim to use any corridor in these areas for major residential projects,” he said, adding that Koh Norea and Areyksat may have to wait for a major project.Koh Norea sits across from Koh Pich, where the Tonle Bassac splits off from the Mekong. Areyksat is on the far bank of the Mekong, a part of Kandal province.“It will take around ten years [for Koh Norea and Areyksat] to be developed. There is still more necessary infrastructure such as a bridge. This would lead to more real estate development, ” said Seap.In the pipelineRecently, Overseas Cambodia Investment Corporation (OCIC) announced through Fresh News a plan to develop a 100-hectare satellite city stretching from Koh Norea to Kean Svay district. This project will purportedly be developed in a similar fashion to Koh Pich.Teng Rithy, founder and chairman of R' Investment Group, claimed that the majority of the areas along the rivers are already earmarked for medium and high-rises.Rithy noted that the presence of OCIC project along Chbar Ampov’s riverside will provide more value to the area. That area, he said, is already on the radar of many investors. “Our city development is similar to the development of Bangkok or city development in Korea during the 1970s,” Rithy noted. He said it was reasonable to assume that Phnom Penh would expand east, across the river, in the coming years.Echoing Seap, Rithy contended that more basic infrastructure was needed to provide incentive for projects.Diving deeper into the potential of the Chroy Changvar peninsula, James Hewson, manager of research and consulting at CBRE Cambodia, said that the area held huge potential. Land in Chroy Changvar is relatively affordable and plentiful, he said, while still being close to the CBD.“Over 300 hectares of the OCIC project is located in Chroy Changvar and will come with mixed-use high rises. There are more opportunities for high buildings along National Road 6 as well,” he stated.Seap broke down the price of land in various riverside areas of the capital:Koh Pich is the most expensive. Land there costs between $3,500 and $5,000 per square metre.In Chroy Changvar, he said, plots can be found for around $700 to $2,000 per square metre.Koh Norea hosts land that ranges from $500 to $1,000 per square metre, andAreyksat is one of the cheapest areas. Land there is nearly always below $500 per square metre.“Over the next five years, many high buildings will be developed,” Rithy said.“The riverbanks will become a part of the modern city.” If you want to look for real estate along the river, check out listings for real estate for sale in Daun Penh, real estate for sale in Chroy Changvar and real estate for sale in Koh Pich.

After reading a few headlines you might think Chinese people are leaving their country en masse. But a quick glance at history books will remind you that there’s a huge legacy of emigration from the world’s most populous country. According to a 2016 report from the Transatlantic Council on Migration (TCM), 4% of all the world’s migrants came from China as of 2013. This puts it in fourth place of all the world’s source countries.More relevant, however, is the fact that those emigrating from China are mostly high-skilled individuals. The report showed that the emigration rate was 1.8% among those with high education.In Southeast Asia and elsewhere, the influx of wealthy Chinese means a rising demand for real estate and other investments. But why is there such an appetite for property abroad? Why not buy more property in China.Leading experts in the sector often cite four main factors incentives leading Chinese buyers:1. InvestmentDeveloping nations hold huge investment potential. What’s more, many investors can tweak growth formulas that were previously used in China to find success in other countries.Many see real estate as one of the safest kind of investments, preferring it over stocks, bonds or currency. Chinese buyers are often shopping for affordable land. So, they often look to developing nations.Hang Sokunthea, research manager at Belt Road Capital Management, said that price point was a huge factor for Chinese property buyers coming to Cambodia."The price here is still much cheaper than their home country and Cambodia has stable economic growth and political stability. It is also important to note that the wave of Chinese property buyers is now a global phenomenon which has just slowly come to Southeast Asia and Cambodia," she said.2.  Boost their living standardThis can go hand-in-hand with investment. In China, an overseas property can be a status symbol. According to data published by Bloomberg, 70% of home purchases in China were either second or third homes.While developed countries like the US, UK, Canada, Australia and New Zealand hold prestige, having an additional home in a developing country can also be a signifier of wealth.3. MigrationChinese buyers often buy real estate if they plan to migrate in the future. This allows them to avoid the typical costs of renting property. Many migrate for job or business opportunities, or even retirement. Despite efforts by the Chinese government to increase employment, hiring is a highly competitive process. Therefore, to access more opportunities, many Chinese people move abroad, especially in labor-intensive countries.4. Pursue EducationAccording to data from the Ministry of Education of the People's Republic of China, as of April 2018, there were about 1,454,100 Chinese students studying abroad. Many wealthy Chinese choose to buy a home or apartment for their children who are studying in Western nations. The TCM’s report showed that nearly a third of all the international students studying in the US in 2015 were Chinese nationals. Migration for education is also growing in Australia, the UK and Canada.Three out of four ain’t badWhile Cambodia may not be a destination for education, it certainly hits on the other three factors. Given its proximity to China, it is certainly on the radar for those looking for a holiday home.Favourable investment regulations also mean the Kingdom is an attractive place to relocate for business. As more luxury buildings come online it’s also a hotspot for investment properties. If you want more information about foreign investment read out Investment Guide. If you're shopping for a property start browsing new developments in Cambodia.

Earlier this month, CBRE Cambodia released its yearly real estate forecast for 2019. Dubbed the “Fearless Forecast,” the document runs through the entire real estate industry from residential all the way to retail.The forecast runs through a myriad of topics that defined conversation in Cambodia over the last year. Construction, minimum wage, flooding, activity in Sihanoukville, casinos in Sihanoukville and the EBA trade deal cancellation were just a few of the areas of focus. As for retail, the report notes that supply is set to increase across all sections of the market. It notes that the number of entrants into the retail sector in Cambodia soared over the course of 2018 with 65 added to the market.Moving to the office sector, CBRE’s report highlights the growth of strata-titled office space in Phnom Penh. Grade A office space, which is new to the Kingdom this year, is expected to see significant growth over the next two years. In fact, CBRE expects it to overtake Grade B office space in just two year’s time. Price correctionEveryone’s favourite topic lately has been the condo sector and speculation about oversupply. Read our full explanation of condo oversupply and what the experts say. CBRE’s report expects there to me downward pressure on the price because of rising supply.Interestingly, the report actually predicts the price of condos in the affordable sector will rise over the course of 2019.Check out the videoRealestate.com.kh wanted to get a deeper explanation of this great report so we brought two experts from CBRE into our studios to talk about the Fearless Forecast.On the English side, we spoke with James Hewson, the research and consulting manager at CBRE.We also spoke with Kinkesa Kim, a senior analyst at CBRE. So, check out our videos in both English and Khmer on the forecast. If you want to download the paper for yourself head over to CBRE’s research page. And don’t forget to subscribe to Realestate.com.kh YouTube page so you can keep up with all of our coverage.If you dig this kind of information you'll love our Cambodia real estate guides. It's full of informative videos and research.

TK Royal One defining future capital lifestyleFor families living in the capital, Toul Kork district is currently one of the most attractive places to settle. The northern districts as a whole have seen massive surges over the past few years. According to a report from Realestate.com.kh, more than 25% of those buying property wanted to move to a northern district.Lifestyles are changing across the country. Nowhere can that be seen more clearly than in Toul Kork, Phnom Penh. Incomes are increasing. We are seeing smaller families, more cars, and businesses grow larger.An example of what capital life will look like in the coming years can be seen at the TK Royal One complex. It represents the future of urban living in Cambodia for three main reasons:It’s a mixed-use space that offers both offices and residences.Parking is a primary concern.Amenities that families want are included.Work and lifePeople were first attracted to Toul Kork because of affordable property, security and a quiet yet connected lifestyle. Now, however, businesses are following. Many big companies are establishing headquarters and major branches in Toul Kork.TK Royal One has office space from the ground to four floors. On its face, this presents two main advantages. People can choose to live and work in the same building. This brings economic and environmental benefits.Secondly, being mixed-use gives the building more viability. The space is more attractive to investors and owners because it caters to two distinct market segments.“It isn’t just international investors who will be attracted to this property, however,” said Chenyi Chiu, general manager of TC Royal Manor Asset Management Co., Ltd, the company behind the TK Royal project.“Local families who want security and a new modern lifestyle.”It isn’t just offices or government building that are setting up shop in Toul Kork. The district has one of the highest concentrations of schools in the entire city. American Intercon, Western International, Golden Gate and Paragon International University all have schools in the area. Northbridge International School, one of the country’s best is right down the road.As far as higher education, the Institute of Foreign Languages, Paññāsāstra University of Cambodia (PUC) have schools in the area. The Royal University of Phnom Penh is practically right across the street from TK Royal One.Coming of the carAnyone who’s spent more than a day in Phnom Penh knows the challenges of transportation. People are ready to drive cars instead of motorbikes. Yet, infrastructure still has a lot of catching up to do.TK Royal One has anticipated this shift. It boasts four floors below-ground parking. Notably, it has space for 200 cars and almost 300 motos in a building with just 179 units.Being located right off Russian Blvd also means that residents can come and go with ease. As the popularity of ride-hailing apps like Grab and Passapp continues to rise, living on main roads will become a valuable commodity.Commenting on the benefit of so much parking space, Chui said: “The City of Phnom Penh has announced that there will soon be new regulations on sidewalk parking. Living with a car will become even more difficult in the city.”He added that roughly 60% of tenants in the building rent parking spaces, so there is plenty of room for more tenants with cars.Additionally, the building is just 15 minutes away from the capital’s airport. As incomes rise and the middle class grows travel is becoming a larger part of the lives of Cambodians. Whether it’s by car or by plane, more people are spending more money every year on trips.Top amenities for growing tastesPreviously, living in Toul Kork meant being separated from the city’s shops, entertainment and dining. That’s not the case anymore.In fact, it now seems that the neighbourhood hosts many of the top amenities in the city. People are actually travelling to Toul Kork to see movies, eat Korean food or shop for name brands. Much of the draw here focuses on TK Avenue and Aeon 2.TK Royal’s fifth floor is where it becomes a recreation powerhouse. It hosts a garden, fitness centre and swimming pool. These are, without a doubt, the three most demanded luxuries for residences in Phnom Penh.So is TK Royal what Phnom Penh life will look like in the future? Some certainly think so. With GDP growth staying high at around 7% each year the economy looks like it will bolster the growing tastes of city dwellers.Chui claimed that it is only a matter of time until Toul Kork becomes the centre of what we know as Phnom Penh.“In general, Phnom Penh city is moving westward and the lifestyle in Toul Kork district has been changing,” he said.“A high-end condominium is needed for the high-end tenants in the district. That is why TK Royal One is trying to offer a luxury lifestyle experience to our tenants. What we have created is a environment with safety, privacy and comfort.”For more information on TK Royal One or available units there, call us now 017 436 756

Realestate.com.kh is breaking new ground with its latest show, the Home & Lifestyle Expo 2019. Excitement is already building as the biggest names in Cambodia are signing up to take part.Cambodia’s biggest real estate website has done shows in the past. The next show is expected to be bigger than anything before it, however.It’s happening at Koh Pich Exhibition Center, the country’s biggest hall, on April 26 and 27. The lineup already has the biggest stars of Cambodia real estate. Star-studded listThe Peninsula Private Residences is joining the show, along with KT Pacific, Koh Thmey, La Vista One, Angkor 4 Season Hotel, R&F Properties, V-House, 7 Residence, Borey VIP, PH Real Estate, LCJ - H.Y.O (Cambodia) International Real Estate Company Limited, Creed, Borey BTS, Prime One, The National Coast, BooYoung Town, Urban Village, Seara Sports and Arakawa Residence.Cellcard has already signed up to sponsor the event. There’s still time to become an exhibitor at this massive event. Contact Realestate.com.kh if you want to boost your exposure, get tons of sales leads or activate your latest product.Speaking on the advantages of a real estate expo like this, Chris Hong, property consultant at Prime One Real Estate, said that it is great to be able to connect with the market and meet directly with customers.“Besides getting sales, of course, Prime One wants to show off its brand and company culture at the show. We can use it to see where the market is going and if we’re lucky, maybe we can find other companies to partner with in the future,” he said.Sokha Cheng, deputy sales and marketing director for Creed Group, said her company has taken part in the last three shows hosted by Realestate.com.kh. They expect another high-quality expo at Koh Pich.“We are launching new phase of Arata Garden Residences at the show. We will have variety of bonus gifts and special extra discounts for any booking on the show days,” she added.What can you expect?For this event, Realestate.com.kh is flipping the script. It won’t be just property sellers. There will be tons of lifestyle brands as well. Carmakers will be there, as well as phone companies, banks, home decor, designers, and much more."This event will have much much more of a local flavour with many more local property developments and boreys joining the show. It should be a great place for everyone from first-time home buyers right through to international property investors and affluent Cambodians. With this event it's like we are opening it up to the whole market, not just a portion of the buyer pool in Cambodia," said Tom O’Sullivan, CEO of Realestate.com.kh.The addition of lifestyle brands is a key component of the upcoming event. Atendees will have the chance to check out cars, motorbikes, technology and much more.Koh Thmey, for example, will be showing off their new Tnaot mobile app. “In the app, users not only get breaking news and videos, it’s also a platform which allows users to post about their personal lives and businesses. Our concept is, ‘In just one app, you get everything done,’” said Heang Chanrotha, marketing supervisor for Koh Thmey.A gift for everyoneAlong with the huge one-time discounts that will be on offer, there will also be lucky draw prizes.Even if you don’t win anything, you can get the gift of knowledge. The expo will host a full schedule of free seminars led by real estate experts. Tons of topics will be covered, everything from how to buy a home to international investing. So, there’s really no excuses not to stop in. Mark your calendars now so you don’t forget.Make sure you go to our event page to sign up for free express entry.Want to be an exhibitor? Don’t hesitate to contact us: +855 78 637 323 (Khmer and Chinese) or +855 12 599 699 (English).

Vietnam is one of the fastest growing nations in Asia. Similar to Cambodia, it has hovered around 7% GDP growth nearly ever year for the last decade. Indeed, it is a hotspot for international investors.The country has pushed forward economic development to intice foreign investors. Among other things, this has led to more jobs in key cities. Ho Chi Minh City is one of these economic hubs. The metropolis now has more than eight million residents.To address the issues of traffic, congestion and pollution, the Vietnamese government has decided to build a metro project to in Ho Chi Minh. It is set to span around 20 kilometres, stretch across three major districts and cost around $2 billion. According to the deputy managing director of the Management Authority for Urban Railways (MAUR), the metro project is nearly 80% finished. A launch ceremony is planned for October of next year. However, the metro project has faced major financial hurdles. The Japanese International Cooperation Agency (JICA), which is carrying out the project, almost halted its construction at one point. Government sources have reiterated that it will be complete by 2020.Plans have also been announced for a major metro train system in Phnom Penh. No progress has yet to be seen as feasibility studies are still being conducted.    For more information about infrastructure across the regionk be sure to read our free Investment Guide 2019

Phnom Penh’s Chamkarmon district currently has the capital’s largest supply of apartments. There are 230 projects with 5,820 total units in the area. Toul Kork, in second places, hosts 1,446 units spanning 56 buildings. These numbers come courtesy of VTrust Appraisal’s 2018 report.One project is set to add even more supply to the area. Amara Residence, jointly developed by Century 21 V-Heritage Home Realty and Chinese construction company CNE, will be completed by 2021. It is located in the popular BKK1 area and will host 96 units varying in size from one to four bedrooms. The units will range from 37 to 139 square metres, and the structure will be 25 storeys tall.Units in Amara Residence start from the price of  $1,900 per square metre.Meach Sokha, a representative of Century 21 V-Heritage Home Realty, said: "The condo project is designed to satisfy the needs of urban residents, especially young couples who value a comfortable lifestyle within the heart of Phnom Penh.” Sokha confirmed that the building will have full security, property management and safety measures.Rising supplyNews of the new condo complex comes as many experts expect the supply to skyrocket in 2019.Indeed, some say the capital is sitting on the edge of oversupply. A recent report from CBRE Cambodia shows that the supply of high-end spaces in the capital will increase by 243% in 2019.However, some are optimistic that the market will continue its rise. Un Khannaron, director of Elevated Realty, said that progress of residential and commercial buildings was a positive sign for the property market. “In fact, both the rent and sale prices in Boeung Keng Kang area are already high, but prices will continue to rise,” he said.Khannaron claimed that foreign investment would continue to flow in, citing the fact that prices in Cambodia are still much more affordable than markets like China, Korea, Singapore, Thailand and Vietnam.If you're searching for condos for sale in BKK1, look no further. Realestate.com.kh is your source for all real estate in Phnom Penh.

Royal One, a joint venture between Royal Group (Cambodia) and Huashi Group, officially launched its 68-storey complex along Monivong Boulevard on February 14.Right in the heart of the capital, Royal One is one of the largest projects in the CBD. It’s adjacent to some of the city’s most high-profile buildings such as Canadia Tower, Vattanac Tower, government buildings and banks. The massive undertaking is expected to be done in five years.Boasting investment capital of $230 million, the mixed-use complex will feature commercial space, offices, hotel and residential units. It is another step forward in the market for luxury real estate in Phnom Penh.Mixed is magicThis addition to Phnom Penh’s CBD comes at the beginning of 2019, a year experts say will see a huge number of new buildings added to the city’s skyline.Indeed, there have been fears of an oversupply, specifically in the market for mid-range and high-end condos.Hedging their bets, it seems that more developers are relying on mixed-use spaces rather than fully residential buildings.If you're searching for condos for sale in Daun Penh, look no further. Realestate.com.kh is your source for all real estate in Phnom Penh.

Cambodia is experiencing a miraculous period of growth. Real estate is growing but the sector is still far from a mature market. Thailand, on the other hand, is a powerhouse market in Southeast Asia. Real estate there is considered more stable. The number of new projects and developments is, of course, greater. For the moment, investors still see Cambodia as a high risk, high reward location. Growth is faster than in Thailand, and the price for entry is comparatively low. But how else are these markets different?Realestate.com.kh met with Dr. Sopon Pornchokchai, president of Fiabci-Thai and a council member of the Asean Real Estate Network Alliance. He also runs an Agency for Real Estate Affairs based in Thailand. What similar points and differences do you see between real estate markets in Thailand and Cambodia? Is Cambodia following where Thailand was in the past?In 2009, I conducted a survey in Phnom Penh. I found that shophouses for sale in Phnom Penh made up most of the housing market, which is similar to Thailand in 1982. In 2015, I conducted another survey and found that condominiums for sale in Phnom Penh accounted for a third of the market in Phnom Penh. In Bangkok, they make up half of the market. Nowadays, condos could be around 50% of the formal housing markets in Cambodia. In Bangkok, I suspect they make up around 60%. Cambodia is growing more similar to Bangkok, but more infrastructure is needed.What are the strengths and weakness of the real estate market in Cambodia?The major strength is that the economy of Cambodia is getting better over time.  Affordability levels are higher than in the past. Cambodia also attracts a lot of investment, particularly from China. Indeed, Chinese developers may dominate the market, and this could threaten affordability in the long run. What do you think the Cambodia market will look like five to ten years down the road?Cambodia and many countries in Asean depend on the heavy investment from China. If trade tensions between the US and China continue, Cambodia could see negative effects. However,  if China remains strong Cambodia will continue to grow. On the brighter side, the tourism industry is seeing huge growth. More direct flights are coming here and we can expect more jobs in that industry.Could you tell us how the real estate market in Thailand is doing? The market in Thailand is still in a period of growth. There is a bit of uncertainty because of the political situation. Tourism is one of the strongest sectors there. Foreign buyers are also a large part of the market and account for around 20% of demand.Shopping centres and hotels are growing quickly. Industrial properties are also growing in the Eastern Economic Corridor. The residential property still dominates the market, representing 70%. Currently, there are over 450,000 housing units on the market worth a total of US$41 billion. Keep in mind, the average house price in Bangkok is $137,000.How do you see the Thai real estate market shifting in years to come?In terms of housing supply, I expect 3% could be an average growth per year. In terms of value, on the other hand, we could see 5% growth per year or even 6% ROI for owner-occupied condos. Returns on low-rise buildings could be as low as 2%, however. For commercial and industrial properties, I suspect the area near the border with Cambodia will be a hotbed of growth over the next decade.For more interviews and articles, check our news section every day. You can also sign up for our newsletter to get news right to your inbox.

The Ministry of Land Management, Urban Planning and Construction (MLMUPC) earlier this week posted on their Facebook page a master plan for Sihanoukville. The document, originally issued in June, defined land use regulations in the coastal town. Valid until 2030, the map shows which areas are to be developed for tourism, commerce, and other industries.According to the report, Sihanoukville will develop into a “modern city with the world’s most beautiful beaches, multi-purpose special economic zones, and logistics centers”.The document comes amid a flurry of development in Sihanoukville’s tourism sector. Investments are coming mainly from wealthy Chinese and aim to attract more tourist from that country.In addition to being a focus of hospitality development, Sihanoukville is also in view to be a major shipping port for the region. Indeed, having the nation’s only deepsea port, it fits squarely into the purview of the China-backed Belt Road Initiative. Read more about how Cambodia fits into One Belt, One Road.If you're searching for real estate for sale in Sihanoukville, browse our listings. And check back to our news section for all the breaking real estate stories. You can also sign up for our newsletter to get news right to your inbox.

In May of this year, Koh Rong and Koh Rong Sanloem islands will form the newest municipality in Cambodia, according to a sub-decree released by the government in January. Previously, the islands were classified as communes within Preah Sihanouk province’s Mittapheap district. Later this year, however, they will be classified as a single city and gain administrative power of their own.Many expect investments in the tourist industry to rise sharply after the islands become a city. But there are concerns over the status of land ownership on Koh Rong and Koh Rong Sanloem.The two islands have a combined area of over 100 square kilometres and are located 25 kilometres offshore from Sihanoukville.Currently, Koh Rong and Koh Rong Sanloem are comprised of four villages and two villages, respectively. The islands are home to around 4,000 permanent residents. They are two of the biggest tourist destinations on the Kingdom’s southern coast.Thousands of visitors every dayChheun Chantha, commune chief of Koh Rong Sanloem, welcomed the plans. He expressed hopes that more real estate development would come to the area, in turn increasing land prices. He explained that, with new administrative management, the islands would need more government buildings and more infrastructure.Chantha claimed that land along the beach in Koh Rong Sanloem’s Koh Touch village was currently selling for more than $1,000 per square metre. Land further in was going for between $100 and $200 per square metre. The price for land without a hard title, on the other hand, was just $20 to $50 per square metre.“The area is very attractive for tourism. On average, 2,500 tourists show up every day,” he said, adding that around 75% of the visitors stay for at least one night.Accommodation on the islands ranges from $5 per night for a dorm bed up to hundreds per night for a luxury bungalow.Brad King, managing director at Sihanoukville’s Cambodia Real Estate, said that making Koh Rong and Koh Rong Sanloem a single municipality will be good for the real estate sector. However, King noted that the real estate market on the two islands is still quite limited. He expressed concerns over ownership on the islands, adding that most landowners simply hold their plots instead of building on them.“Most villagers don’t own their land with hard titles,” he said, adding that investors are waiting until they can get these before they make significant investments.Royal Group is one of the only major players to come to Koh Rong. It established a luxury resort on the island called Royal Sand.‘No one keen to buy’Commenting on the issue of hard titles, Chantha said that only a third of landowners on Koh Rong Sanloem held them.King, who has developed some of the only apartments on Koh Rong, said construction is a long and difficult process. Because of this, owners aren’t willing to invest until hard titles are issued.“It took 60 boat trips just to bring materials for my apartment project,” he said, adding that land prices were comparable to Sihanoukville at $2,400 per square metre. He claimed that if hard titles were issued, buyers would come in droves.“No one is keen to buy or invest on land without [full] legal ownership.”Sharing King’s view, Den Sakal, CEO of Universal Real Estate, said that land transactions on Koh Rong have become stagnant. He claimed establishing a municipality would speed up activity.“This will buoy confidence from investors. At the same time, rental prices will increase and services will be upgraded to the next level to welcome more tourist,” he said.Chantha agreed with the concern over hard titles, adding that undeveloped infrastructure, poor waste management, and illegal logging and fishing are other key factors holding back the islands.Besides making the two islands a single city, the sub-decree also adds two new districts to the map of Phnom Penh. The two new districts will be called Boeung Keng Kang and Kambol.Read the full story of the new BKK district. For more breaking news like this, check our news section every day.You can also sign up for our newsletter to get news right to your inbox.

SingMeng Telemedia was the first company in the Kingdom to launch a Triple Play Solution. The three-in-one bundle has already turned the heads of hotels, condos and other local businesses.Launched in 2017, the Triple Play bundled internet, television and telephone service into one package. Behind the scenes, the program was based on brand new infrastructure of optical fiber, which replaced an outdated system and brought SingMeng Telemedia to the forefront of the industry.The high-speed internet offered in the Triple Play package is ideal for hotels, casinos, banks and many other businesses.On top of that, the bundle offers TV service with over 100 channels, video on demand, an interactive interface and direct access to YouTube and other web applications.What’s more, subscribers with the full package can also access SingMeng’s Smart Community services. With this feature, the manager of a large hotel or residential complex can use the system to communicate with their customers. Our unique and customised TV interface will provide an opportunity for managers to promote their services, coordinate events and strengthen their brand image.What’s more, subscribers with the full package can also access SingMeng’s Smart Community services. With this feature, the manager of a large hotel or residential complex can use the system to communicate with their customers. Our unique and customised TV interface will provide an opportunity for managers to promote their services, coordinate events and strengthen their brand image.The Triple Play and Smart Community aren’t constrained by outdated technology. It opens doors to a new digital experience, into the ease of a faster, more reliable and enjoyable internet service. It’s time to take your customers’ experience to next level.Also, sign up for our newsletter today and stay up to date with the latest info. Looking for real estate for rent in Cambodia or real estate for sale in Cambodia?

Local media outlet Fresh News reported earlier this week that the government plans to spearhead the creation of an artificial beach in Kampot province. The eco-tourism project, worth an estimated $2 billion, is set to be six kilometres north of the town centre. Since the announcement, land prices around the proposed site in Kep Thmey village have skyrocketed.In fact, the plan has been in the proposal stages since mid-2018, when it began at the provincial level. The beach area would cover 200 hectares in Teuk Chhou district's Boeung Touk commune. Over the last year, however, land prices have shot up in the vicinity.Sok Ken, founder of Kampot Property, said that plots have increased in price by up to 300%."Land along the seaside, which in 2017 could be bought for $35 to $50 per square metre, is now going for $200 to $ 50 per square metre," he said, adding that land along National Road 3, 1.5 km away from the coast has also jumped in price recently."It currently costs $70 to $100 per square metre. Previously, it averaged just $30."Areas within Kep Thmey village have also been earmarked for two other big projects. A deep-water port and a 1,000-hectare special economic zone (SEZ) are currently being built. The SEZ is being developed by a Chinese company.Ken predicted that over the next five years the area would evolve into an entertainment and tourist destination. He further stated that adjacent plots to the proposed beach have already been purchased by developers, who are planning investments.Additionally, he also sees that a large part of the land has already been purchased by the developers and is awaiting investment in the next step.Kampot province is one of the most popular tourist destinations in the Kingdom. Millions of visitors come every year to see the province's nature. Waterfalls, beaches and Bokor Mountain are some of its biggest draws. To learn more about Kampot province read our guide about the province. Also check out this year's Investment Guide.

The Ministry of Interior announced earlier this month that two new districts will be carved out of the Phnom Penh map. The sub-decree, which goes into effect in May, also establishes a single municipality comprised of the southern islands of Koh Rong and Koh Rong Sanloem. Boeung Keng Kang, formerly three separate communes within Chamkarmon district, will become a district of its own.The other new district, Kambol, will be made up of communes from Por Sen Chey and Dangkor districts.Included in the new Boeung Keng Kang district will be Boeung Keng Kang 1, 2 and 3, Toul Svay Prey 1 and 2, Olympic and Tomnub Teuk communes. The new Kambol district will take Kambol, Kantork, Snao, Phleung Chheh Roteh, Boeung Thum, and Ovlork communes from Por Sen Chey district. Prateah Lang commune, now a part of Dangkor district, will also become part of Kambol.In a recent interview with Radio France Internationale, Sak Setha, secretary of state at the Ministry of Interior, said that these communes have grown massively over the past few years. Public services, he said, would benefit from the new classifications.According to a 2017 report from the Ministry of Land Management, Urban Planning and Construction (MLMUPC), the Kingdom’s urban population is set to hit seven million by 2030. The document further stated that more than 850,000 new homes would be required over the next decade.Chrek Soknim, president of the Cambodian Valuers and Estate Agents Association, said that the new district would not impact the real estate sector. Values would remain unchanged.However, he speculated that public services wouldn’t be spread as thinly.Islands become cityUn Khannaron, director of Elevated Realty, said it was unlikely there would be any major change in the market due to the new districts. He said the BKK area already commands some of the highest prices in the city and hosts many new developments.Kambol district, meanwhile, could become a hotspot for industrial real estate such as factories and warehouses, according to Khannaron.Property ownership would carry over unchanged, he said, but any new transactions would soon take place in the new district offices.Besides creating two new districts in Phnom Penh, the sub-decree will make the southern islands of Koh Rong and Koh Rong Sanloem a single municipality.Additionally, Stung Treng, Kampong Thom and Pursat provinces will each add another district to their maps when the document is officially passed in May.For more breaking news like this, check our news section every day. You can also sign up for our newsletter to get news right to your inbox.

A wave of slumping real estate prices has swept across Asia. But apparently, Cambodia didn’t get the memo.Indeed, the Kingdom seems to be running in a different direction than the rest of the world. Half a dozen news outlets have named Cambodia one of the best places in Asia to invest money in the past month.Slump or price correction?Hong Kong, normally one of the continents top performers, has been in a downward turn over the past six months. That comes after an unprecedented period of growth. Indeed, the semi-autonomous region of China has been in the headlines almost nonstop over the past two years for its sky-high prices.Nonetheless, Hong Kong still holds the crown for the most expensive city in the world.The story looks similar in Australia. Prices are sliding. However, this comes after almost a decade of prosperity. Stats are still in a positive place if you zoom out.Michael Care, a director at Barry Plant real estate, which has offices around Australia, said the downturn was being felt in both Sydney and Melbourne.“Sydney house prices have corrected strongly over the last six to 12 months largely off the back of what has been rapid previous price growth from both owner occupiers and investors … The wider Australian market and cities are naturally affected by these similar macro factors albeit on a smaller scale again,” Care said.Inflows from Asia have face tighter regulations, which have played a part in the slump.“The correction has come due to a number of factors. The government has placed tighter controls on foreign investment over the last couple of years and more recently lending has also tightened ... There is also a general affordability issue whereby price growth has become out of line with wage growth.”Caution in SE AsiaWill this slump creep into the Southeast Asian market? The simple answer is yes and no.The smaller markets of the Asean region seem to be more independent from what’s going on globally. Foreign investment could see some cuts, however.“Despite being relatively isolated in the region, Laos has been feeling some minor effects from the current slump across Asia,” said James Whitehead, CEO and director of Laorealestate.la and classified website Yula.la.He added that lending seems to be down slightly, and investors from China appear more cautious than in previous quarters. A lack of valuation information is also a sticking point for the markets ongoing growth.Nonetheless, spirits are still high in the country, especially amid clear progress of the One Belt One Road rail network, directly connecting Yunan (China) and Vientiane (Lao capital). Whitehead noted that his company’s upcoming real estate expo would serve to jumpstart activity in the sector for 2019.“This is the first-ever specialised real estate investment expo in Laos, and we are expecting over 3,000 attendees. There’s still plenty of room for sustainable growth,” he said, "and we hope that events and education help the entire economy move forward, despite what’s going on globally.”Cambodia captures headlinesCambodia seems to be immune to any negative feelings currently. In fact, InvestAsia put the Kingdom on two different year-end lists naming best places for investments. As if that wasn’t enough, both Property Investor Today and The Global Times have singled Cambodia out for bullish prospects.  China’s Hurun Report released a ranking this week that named Cambodia as the number one location in the world as far as home price increases.Boreys selling ‘like hot cakes’Despite the all the media attention, many in Cambodia note that markets for local buyers and international investors a distinct and quite separate. A recent quarterly report from CBRE Cambodia, for instance, noted that supply of mid- and low-range real estate still had room for growth and unmet demand.Joe Phelan, head of personal finance services at the Kingdom’s Hong Leong Bank, said that the bank doesn’t finance condos, which are nearing an oversupply, but that the borey market looks stronger than ever. “There are no signs of things slowing down [in borey market], in fact, some of the biggest property developers have sold out almost all of their projects already and the brand new projects are selling like hot cakes too,” Phelan said.Oversupply or opportunity?So, will the slump impact Cambodia? Yes and no. Yes, it could cause foreign investors to be more cautious as we are seeing in Laos.That could go in conjunction with the nearing oversupply of condos in the Kingdom. We examined this possibility of oversupply in greater depth here by asking the experts.Leave a comment below to let us know how your region is reacting to the global real estate slump. Also, check our listings for investment property in Phnom Penh, and click over to our Investment Guide to learn more.

The supply of condominiums in Phnom Penh stood at around 15,000 last year. That number is set to double over the course of 2019. But will there be buyers? We got quick takes from three industry experts to see how they see the condo market.James Hewson, manager of research and consulting at CBRE Cambodia, said he expected there could be a price correction in the condo market in 2019. He pointed to the supply influx in the mid- and high-range portions of the market.“The recent completion of circa 2,234 condominium units in Q4 2018 boosted total supply by 18.9% quarter-on-quarter, 40% of which was positioned in the mid-range segment,” he said, adding that the high-range market was set to grow by 243% in 2019.“This substantial influx in both mid and high-end condominium stock may catalyze market adjustments in the coming quarters.”Khorn Kungkea, CEO of ERA Cambodia, on the other hand, was optimistic that first-time buyers and international investors would come in to boost demand for condos. He pointed to the fact that Cambodian prices are still far lower than condos in Vietnam, Thailand and Singapore.“I don’t think we can say there is an oversupply of condos … Price per square metre here is still seven to 10 times lower than condos in China, Korea, Japan and Singapore,” he said, adding that profit margins were greater for investors who rented out Cambodian condos.Joe Phalen, head of personal finance services at Hong Leong Bank, said there was an oversupply of condos on the horizon.Adding that Hong Leong doesn’t finance condos, Phalen said they were still bullish on growth in the local borey market.“The biggest [borey] developers have sold out almost all of their projects already and just released a few more last week which are selling like hot cakes.”For a more expansive look at how Cambodia fits into the global real estate industry, check out our latest article on the slump creeping into Asia.

Realestate.com.kh put on the biggest real estate events throughout 2018, and we’re at it again this year. We’re now bringing a huge Home & Lifestyle Expo to the Cambodian market.It’s happening on April 26 and 27 at Koh Pich Exhibition Center. We expect double the foot traffic of previous shows. As always, attendance is completely free.We expect this event to have more local flavour than past shows. Of course, international investors and affluent buyers will be there as well. People from across Asia and all over the world will be there.We expect attendance to be well over 10,000 people. Local buyers will come in full force. Everyone from first-time buyers to affluent investors will show up. The focus will range from family homes to large scale investment opportunities. We expect over $20 million in property sales.This event can help you:·        Boost your exposure in Cambodia and abroad·        Get tons of quality leads·        Close major deals·        Supercharge your numbers for 2019We want every kind of property at the show. Affordable housing projects will be there. There will be mid-range boreys, luxury villas, apartments and mixed-use developments. Real estate agencies, lawyers, banks, construction firms and architects will all be there.What about the lifestyle part? We’re bringing in car brands, technology, health, fitness, design, style and much more. Banks, lenders, professional services, and food brands have already signed on. Some of the biggest international brands will be there, too.Booth sales have already started. We will reach out to you shortly to discuss this amazing opportunity. Booths start at $1,500 ex VAT.Set aside the dates of April 26 and 27. Now is the time to start planning. This is going to be the largest property event in the Kingdom’s history. The exposure you get at this event will take your business to the next level!Make sure you go to Realestate.com.kh to sign up for free express entry.Want to be an exhibitor? Don’t hesitate to contact us. Early-bird discounts end soon. For more info call +855 78 637 323 (Khmer and Chinese) or +855 12 599 699 (English).

After putting on the biggest real estate events throughout  2018, Realestate.com.kh is at it again in the first quarter of 2019. It’s now bringing a huge Home & Lifestyle Expo to the local Cambodian market. Over 100 exhibitors will be on display over two days. On the property side of things, attendees will be able to check out affordable housing projects and mid-range boreys right through to luxury villas, apartments, mixed-use developments. Cambodia's leading real estate agencies, lawyers, banks, construction firms and architects will also be there. On the lifestyle front, attendees will be able to check out the country’s best car brands, latest technology, health, fitness, design, style and much much more. Mark your calendars for April 26 and 27 for the Realestate.com.kh Home & Lifestyle Expo 2019 at Koh Pich Exhibition Center. Attendance is completely free, so feel free to bring your friends, family and colleagues along!"It really is our intention to showcase the whole Cambodian real estate industry at this event. Previously, we hosted events in a hotel environment and they were really focused on international investors and affluent Cambodians" said Realestate.com.kh CEO Tom O'Sullivan.It is a dream event for those wanting to find the best property and the best prices. Many developers will be offering show-only discounts. Meanwhile, lifestyle brands are promising some of the biggest discounts ever seen in the Kingdom! Deals high and lowLocal buyers will come in full force. Everyone from first-time buyers to affluent investors will be there. Projects and products will cover the whole range. Everything from the most affordable to the most luxurious will be there. "This event will have much much more of a local flavor with many more local property developments and boreys joining the show. It should be a great place for everyone from first-time home buyers right through to international property investors and affluent Cambodians. With this event it's like we are opening it up to the whole market, not just a portion of the buyer pool in Cambodia," O’Sullivan added.Indeed, business people and investors from across the globe are flying in for the event. China, Hong Kong, Singapore, Taiwan, Malaysia, Thailand, Vietnam, Japan, Korea and more will all be represented.A growing reputationRealestate.com.kh held a landmark show late last year. That expo generated tens of millions of dollars in sales. This one is set to be even bigger. The company has moved up to Cambodia’s biggest expo venue and expects to pack it full. The Home & Lifestyle Expo is the third major show the company has put on over the past two years. Initial estimates show over 10,000 are expected to attend.Make sure you go to Realestate.com.kh to sign up for free express entry.Want to be an exhibitor? Don’t hesitate to contact us. Early-bird discounts end soon. For more info call +855 78 637 323 (Khmer and Chinese) or +855 12 599 699 (English).