Whether you’re shopping for your dream home, a new family car, or you simply cannot resist great deals, this event is for you!RealEstate.com.kh invites you to the biggest home and lifestyle market in Cambodia: The Home & Lifestyle Expo 2019. You’ll find everything you need and more at this limited two-day event. There will be over 100 booths and exhibitors offering the best deals and discounts on boreys, condos and other properties. And there will be furniture, cars, motorcycles, mobile phones and devices, too. You’ll get access to banks, lenders and other financial institutions. You can learn from experts who will host free seminars on home financing, loans and credits, taxes, home design and more.Mark the date! April 26 and 27 at the Koh Pich Exhibition Center.Entrance is FREE.Register now for express entry and to receive updates via this link or via Facebook.Interested in exhibiting? If you own a business and would like to be part of the show, reserve your spot now. We expect 10,000 people to attend the Home & Lifestyle Expo 2019. Local buyers will come in full force, along with business people and investors from China, Hong Kong, Singapore, Taiwan, Malaysia, Thailand, Vietnam, Japan, and Korea, so don’t miss out on the opportunity. Call our agents today!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.kh

Before buying a home, you need to carefully consider how you will spend your time and money. When you buy into a borey, you should make sure of several things: Construction quality must be strong. Also, the project must be licensed and legal.If you want to find a project that meets all the strictest requirements, Borey VIP is the best project for you. This project is one of the most modern developments in Dangkor district, a growing area on the outskirts of Phnom Penh.Covering seven hectares, Borey VIP has nearly 1,000 homes. Buyers can choose from two different types of luxurious units. Both are quite large. The first type measures 4.2 metres by nine metres and the other is a full three metres longer. Both have both a front parking area and a back patio.We saved the best for last, however. Borey VIP is in a perfect location, it is extremely affordable and payment terms are convenient. This community will be for regular Cambodians and their families.Borey VIP is located in Dangkor district on Street 217. This is a well-established investment zone and is just three km from the Khmer Beverage factory.The project area will have everything in terms of services and amenities. Markets, schools, banks, restaurants, cafes and resorts are all close by. What’s more, the upcoming Aeon 3 complex will be just 10 minutes away. The centre of the capital is only a little further, as well.The price of a unit at Borey VIP starts at just $28,800. You can pay just $188 per month, however!In just 18 months the project is set to be complete. Units will be handed over starting in mid-2019. So don’t wait to get in on this project.For more detail about Borey VIP please contact us today!

The districts on the north side of Phnom Penh are a powerhouse of growth. In fact, 2019 is set to be the year of success in the suburbs. Pancier Residence is leading the charge. It sits in Russey Keo district, which is adjacent to both the affluent Toul Kork and Sen Sok district.This place has every imaginable luxury and value for money. Borey homes are the future of Cambodia and this borey is one of the best you will find. Location is a highlight here: Pancier is just minutes from the Tonle Sap River.Pancier Residence is making history as well. It’s one of the first borey’s in the country where foreigners can own property, thanks to a program with Canadia Bank. Land prices are already shooting up across the city and it’s only a matter of time before the do in the northern districts as well.A home for every budgetSitting right off the riverside, Pancier has plenty of room. Other places in the city feel tight and cramped. This borey is different. There are huge sidewalks, shrubs and trees that will bring shade and allow a refreshing breeze to blow through.All 133 units are designed to blend with their environment and be a home where you can relax and feel safe. This is surely a great place to raise a family. Even driving through the neighbourhood will be fun. There are trees lining every avenue so it will give a sense of homeYou might be shocked at how affordable homes in Pancier are. There are so many amenities in the area, and huge potential for growth.It’s close to tons of quality international schools, banks, ATMs, international hotels, popular restaurants and so much more. The brand new Aeon 2 and Makro shopping centres are just around the corner. Additionally, a waterpark and golf club are also nearby. Being located near National Road 5 means transportation is simple.Pech Socheata, a sales representative of the 133-unit Borey Pancier Residence in Svay Pak commune, said that Russey Keo is already turning the heads of potential investors and it’s only a matter of time before the floodgates really open up.Custom-tailored to your needsNo matter what you are looking for in a home, Pancier Residence has something for you. Units come in three sizes: linkhouse, shophouse and villa. Each unit is three storeys and they range in size from 98.69 to 243.76 square metres. What’s more, each home has a dedicated parking area.You and your family will feel safe, secure and welcome here. There’s 24-hour security, so you will be well taken care of.Want to live a modern life? This is the place where you can. The complex boast a gorgeous pool, jacuzzi, sauna and fitness centre. There will be plenty of commercial space in the borey as well so there will be loads of restaurants, shops and retailers.Many are saying that land prices are set to rise sharply over the next few years. So, don’t wait if you want to own your own place. Whether this is your first home or another addition to your portfolio, this place is sure to age well.If you are part of the growing middle-class, this borey is perfect for you. It’s a perfect place for young families, or just those who want to have a stronger future. Pancier Residence is set to be complete in 2020 so 2019 will be the year to buy.Don’t wait too long. Get in touch now to reserve your place.

Despite the general consensus that the property market in Siem Reap has slowed down, many experts are bullish on the potential of the area. In fact, some speculate that the market is simply catching up to changing market demographics. They say the low prices won’t last long.Realestate.com.kh sat down will all the biggest names in Siem Reap real estate to find out more. Watch our full interviews with Charles Evans of Cambodia Property Shop, Calum Binnie of Property Finder Cambodia, Choch Cho from Siem Reap Property Services and Mario Hunter of Hunter Estate. To get even more background about the area read our guide for living in Siem Reap.Tourism taking offAs the home of Angkor Wat, one of the country’s biggest tourist draws, Siem Reap relies heavily on the hospitality sector. According to Angkor Enterprise, the custodial organisation for the park, the number of visitors nearly hit 2.5 million in 2017. Indeed, numbers are set to rise, as is foreign and domestic investment. The Council for the Development of Cambodia noted that in 2016 $1.4 billion worth of investments were made in the tourism industry. But tourist demographics have been shifting rapidly over the past few years. Arrivals from China are dominating the charts, they surpassed one million last year. In fact, the number of Chinese travellers grew by over 30% from 2016 to 2017. For more in-depth data, check out our annual real estate survey.What’s more, many hospitality businesses were previously focused on Western customers. As that market shrinks, many have been left in the dust. Leaning toward luxuryPhin Vanna, CEO of Camglobe Realtor in Siem Reap, noted that larger hotels—those with more than 100 rooms—have seen a massive influx of Asian tourists, especially Chinese nationals.“Boutiques, guesthouses and homestays have not grown as fast as large-scale hotels,” Vanna said, adding that the number of Western visitors to the area has gone down by about 50%. The number of Chinese tourists, he claimed, has doubled in recent years. He mentioned that most groups from China come as a part of packaged tours.Indeed, many say large-scale hotels are the most fertile section of the market. Phy Sophov, general manager of Ring Boutique Hotel, said that despite growing numbers, the market is in the midst of a cooling down period. Large-scale luxury hotels have the most room for growth, he claimed.“The market is still relatively strong and developers can profit as long as they bring something unique for their clients,” Sophov pointed out.The solution, industry figures say, is to bring more specialisation to the industry. Certainly, property developers are already bringing more condos and boreys to the residential market. This is a move to attract both expat renters, as well as middle- and upper-class Cambodians. Divide and conquerBusiness owners do, in fact, seem to be changing their strategies to focus in on certain market segments. Check out our in-depth article about mounting competition in the hotel market to learn more.“Last year, 30 new boutique hotels were built nearby Damnak pagoda,” noted Charles Evans, director of Siem Reap’s Cambodia Property Shop. Boutique and eco-resorts are two fairly new types of businesses that have been expanding in recent years.On the other hand, many have called for a boost to professionalism in the industry as competition heats up. Charles Richard Evans, owner of Cambodia Property Shop (CPS), said: “I have been here for the last 10 years. The market now is less vibrant than it was in 2015, 2016, even 2017 … I have seen too many failures by inexperienced operators who do not follow the legal process and fail to conduct due diligence before they make a purchase or rental.”Data from Realestate.com.kh’s annual survey back up these sentiments in the residential and commercial markets. Over a third of all respondents said they wanted to see compulsory real estate agent certification.Bullish prospectsChoch Cho, the founder of Siem Reap Property Services, said that prices in the local property sector have declined over the past six months, but are now relatively stable. He predicted that they would stabilise, and could turn bullish in as little as half a year.It shouldn’t be forgotten that we are currently headed into high season for tourism in the Kingdom. This comes on the heels of announcements that GDP growth is projected to hit 7% yet again for this year. Luckily, Realestate.com.kh is the best place to keep on top of the news coming out of Cambodia's real estate scene. If you're thinking of starting a business in Siem Reap be sure to check out our guide on how to start a business in Cambodia and download the Cambodia Investment Guide 2019. It's completely free!Search real estate for sale in Siem Reap or real estate for rent in Siem Reap on Realestate.com.kh!

Chrek Soknim, general manager of Century 21 Mekong, has been selected for a two-year term as the president of the Cambodia Valuers and Estate Agents Association (CVEA). Speaking at a conference announcing the appointment on December 14, Soknim said he was firmly committed to leading the CVEA so as to benefit the entire country's economy. Elaborating on future plans in his new leadership position, Soknim said his first priority was to re-structure the system of leadership. Indeed, effective management is a key point for Soknim. Additionally, Soknim stressed the need to bolster the group's legal counsel. He said this was necessary to ensure the interest of all members was represented. Secondly, Soknim expressed the need to boost cooperation among members. Making sure everyone was properly advised and moving in the right direction would be of the utmost importance, he reiterated.Making a list, checking it twiceListing five key action items that he would be tackling during his mandate, Soknim said he would:1) Develop new strategies for the group and successfully implement them.2) Build the capacity of individual members by focusing on human resources.3) Seek to adequately support and protect each member firm.4) Create and bring opportunities to CVEA members.5) Mediate any problems that members encounter.New training courses"Capacity building is a necessary part of our process," he said, stressing that technical competence was still limited. He claimed it was the association's responsibility to mitigate these shortcomings by offering training courses."The utilisation of human resources and the opportunity for skilled people to join the association is a high priority," said Soknim.Soknim will officially assume his new post in early 2019. He follows Dr. Kim Heang, who has been the president of the CVEA for the past two years and lead a remarkable period of growth. As 2018 comes to a close, many are looking ahead to the new year fuelled with optimism about the real estate industry. News has already broke that GDP growth for 2018 will, yet again, be near 7%. Here at Realestate.com.kh we have released the much anticipated Cambodia Investment Guide 2019. You can download this business cheat sheet completely for free!Additionally, you can find tons of resources in our guides section, location profiles, and reports. Make sure you stay current with our news section.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?

Starting your journey as an entrepreneur in Cambodia is no easy task. But if you aim for success in the hospitality industry, Siem Reap is probably the place you want to be. According to the Council for the Development of Cambodia, $1.4 million was invested in tourism across the country in 2016. There’s no doubt about the potential.The demographics of tourists stopping in Siem Reap are changing, however. Middle-class visitors from China are leading the pack. They are looking for more luxury options in larger hotel premises. Conversely, many domestic and Western visitors want either something affordable, or a unique experience at an eco-resort or boutique guesthouse.Without a doubt, starting a hotel business begins with picking the right real estate. Realestate.com.kh sat down with Calum Binnie, the managing director of Property Finder Cambodia, to talk about the top factors for choosing the right location for a hotel. PFC specialises in helping out those who are looking to buy or rent hotel space in Siem Reap.Location, location, locationThough the old adage says this is the most important factor, it may vary from owner to owner. Some buyers want a central plot that is right in the city centre, others need something that provides a bit of green space, or perhaps something nearer to the Angkor Wat complex.Binnie noted, however, that being close to the centre of Temple Town isn’t always a sure sign of prosperity.“There are many successful hotels outside the city centre,” he said, adding that it was more about finding a location that fit in with the overall business strategy of the prospective hotel.Building and room qualityFinding the perfect place to fit your aesthetic can often be the hardest part of shopping for real estate. Luckily, agencies like PFC are staffed with experts who stay up to date on all the best listings in the area. They can listen to your plans and lead you on tours of many different locations.The range of options are nearly endless in Siem Reap and growing day by day. Some buyers want a small place with a dozen rooms or fewer. Others are looking for a hundred rooms or more. Some want a blank canvas they can decorate to their taste, others want a place that is already set for business.Last year, 30 new boutique hotels were built in Siem Reap. Bigger places, those with between 100 and 200 rooms, can often be found on the market for around $50,000 to $100,000 per month to rent, or $20 to $60 million to buy outright.AmenitiesHere is where many hotels try to stand out in terms of luxury. Many have swimming pools, fitness centres, restaurants or even sky bars that serve to attract those looking for more luxury.Luckily, many hotel properties in the city are already outfitted with pools, kitchens and bar areas. Another option on the table is to look for a villa to host your hotel. These large houses sit on their own property, have many bedrooms, gates, parking space, and can often be outfitted with swimming pools or other amenities.It shouldn’t be overlooked that some customers want an environmentally-friendly experience. Resorts in this category usually have traditionally-inspired structures and are surrounded by forests or near a river. Amenities can even come in the form of complimentary breakfast or a common area with games like billiards or table tennis.Level of serviceWhen your guests feel comfortable and have a positive experience, your hotel will prosper. Many in Cambodia have called for a boost to the nation’s training and human resources infrastructure.That being said, there are still seasoned hospitality workers in Siem Reap that can help bring your operation to life. Here it’s important to understand what your customer base will be. Do you need workers who speak Chinese, English or other languages? Will you need drivers, cooks and managers in addition to front-desk workers and housekeepers?Someone in your cornerIt’s no surprise that Siem Reap holds tons of potential for future growth. As home to a Unesco World Heritage Site, it remains one of the most popular places in Asia for tourists. With growing disposable incomes across the continent, more people in the middle class will have money for travel.Agencies like PFC can help you through the whole process, too. They won’t just abandon you after you sign on the dotted line! Navigation through the entire buying process is part of the package with PFC.And don’t forget about all the resources here on Realestate.com.kh if you are starting a tourism business. Check out our guide on how to start a business in Cambodia, and click over to read the Cambodia Investment Guide 2019.Lastly, if you want to stay current on every bit of news in the real estate sector, sign up for our newsletter. Our news section has breaking stories every day!Search real estate for sale in siem Reap or real estate for rent in Siem Reap on Realestate.com.kh! or want to invest in houses sale  in Siem Reap now

Realestate.com.kh has expanded its vaunted marketing campaign to include transit advertising.Since October 2018, five buses have been running on Lines 1A, 2, 3, 4B, and 5 bearing the Realestate.com.kh brand. In addition, 100’s tuk-tuks (100 in Phnom Penh and 50 in Siem Reap) are rolling around town with signage promoting Realestate.com.kh in both Khmer and English.Cambodia’s leading real estate website and marketing agency made a foray into transit advertising as it continues its biggest marketing campaign ever. The campaign also includes promotion on Cambodia’s leading networks CTN and MY TV, and billboard advertising.To do transit advertising, Realestate.com.kh signed an agreement with the Phnom Penh City Hall to allow it to advertise via the public bus system.Realestate.com.kh’s decision to enter the world of transit advertising is expected to pay dividends big time. Transit advertising is one of the best and most effective forms of marketing. This type of promotion is inexpensive, reaches a wide audience, and offers high visibility on a daily basis.Transit advertising is seen as particularly effective for a small city like Phnom Penh where the public bus is a popular and constant presence.  The air-conditioned buses form the backbone of the Phnom Penh public transport system.They are the cheapest form of transportation within the city and its suburbs, are clean, and give passengers a cool, comfortable ride to their destination.Phnom Penh City Hall currently operates more nearly 200 buses donated by China and Japan. The buses run from 5:30 AM to 8:30 PM every day and crawl to a halt at every bus stop along the route to offload and pick-up passengers.A ticket for a single trip only costs 1,500 riel or less than $0.40. Workers and students can ride the buses for free by just showing their labor card or student ID.During important public holidays like Pchum Ben, the buses are used for the free transport of people from Phnom Penh to the provinces and vice versa.At present, the Phnom Penh public bus system services 13 routes.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! 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?

Navigating the real estate market anywhere in the Kingdom can be a challenge. You need someone in your corner who can help you find the right place and do it quickly. Siem Reap Property Services has agents who know the local market like the back of their hand.While Siem Reap is still a smaller market than the bustling Phnom Penh, it is spreading and growing more varied every day. Because of this, there are more choices in Temple Town than ever before. Small studios can be found for as little as $100 a month and there are brand new condo complexes offering spaces for as much as $2,000 per month.Discounted prices Choch Cho, the founder of Siem Reap Property Services, said that prices in the local property sector have declined over the past six months, but are now relatively stable. He predicted that they would stabilise, and could turn bullish in as little as half a year.Indeed, many in the industry have speculated that the city could seen a boom soon enough, as both international and domestic tourist numbers continue to go sky high. Down on the south coast of the country, many central plots in Sihanoukville doubled in less than two years due to a flurry of tourist-focused development. The fact that nearly 2.5 million tourists came to Siem Reap to visit the famed Angkor Wat complex gives even further credence to investment prospects.Calling in the professionalsIt isn’t just those looking for a rental property who should consult with an industry expert. An agent can make the process of acquiring your first real estate investment totally painless. There is a lower barrier to entry as well, since the prices in Siem Reap are significantly lower than in the capital.Even if you’ve been in the industry for years, it can be helpful to get a second oppinion before any decision is made. Making your first foray into investment? No problem. An agency like SRPS can help you boost your monthly income and give you the start of an attractive portfolio.Temple Town taking offIt’s no surprise that Siem Reap holds tons of potential for future growth. As home to a Unesco World Heritage Site, it remains one of the most popular places in Asia for tourists. With growing disposable incomes across the continent, more people in the middle class will have money for travel. Visitors from China, Vietnam, Thailand, India, South Korea, Japan and scores of other countries are showing up every day.This town is definitely the place to be if you are interested in the hospitality industry. Tons of NGOs have their headquarters here, too. And the arts scene has been on fire lately.  See it for yourselfSiem Reap is a gorgeous town. No matter what you read you will need to see it for yourself. So, check out the video at the top that Realestate.com.kh made with the help of Siem Reap Property Services. They focus on helping anyone find the perfect housing in Temple Town.Search real estate for sale in siem Reap or real estate for rent in Siem Reap on Realestate.com.kh! or want to invest in houses sale  in Siem Reap now

According to real estate investment company JLL, the value of investable commercial property worldwide will hit US$65 trillion by 2020. Nearly a third of that, it stated in a recent report, will be in the Asia Pacific region.We are entering the last year of this decade. Technology shapes our everyday life now more than ever. Communication across the globe is instant, businesses trade millions of dollars with those in other nations via the internet and normal people do their work and get information on the web. Tech is pivotal to every industry and real estate is no exception.The JLL report goes on to show that, of the $7.8 billion poured into proptech (property technology) between 2013 and June of 2017, 61% of that was in the Asia Pacific region. It is truly the global centre of real estate innovation.Tech inclusion is rapidly sweeping across Cambodia. Data from the Mekong Business Initiative's 2017 report on Cambodia fintech shows there were over 27 million mobile subscriptions and over seven million internet users in a country of 16 million people. Perhaps more significant, over 50% of the population is under 25 and 21% live in an urban area. This means tech adoption happens at a breakneck speed. But which technologies are changing the face of real estate? Well, here are five of the big ideas that could radically shake up the property sector in the coming year:Cyberspace toursEveryone has seen the flashy virtual reality (VR) headsets put out by Oculus and HTC. We are now seeing that these aren’t just devices for video games. Educational and non-profit organisations are already adopting this technology to develop immersive experiences. So, it’s only natural that real estate businesses are using them to give virtual tours and explore intricate 3D designs.Yu Kobayashi is the CEO of Lastmile Works, a Phnom Penh tech startup which is creating interactive apps that allow users to explore buildings and even entire cities in the virtual space.“The experience is more useful than a brochure or animation. The user can really experience it [the space]. Some of them even buy the property without ever seeing it in person,” Kobayashi said.He was sure to add that the price to create these immersive environments was already trending downward. One could be created for as little as $200, he claimed.The importance of this technology can’t be understated in Cambodia, either. Most real estate funding in the Kingdom, in fact, comes from investors in China. The power to take virtual tours from hundreds of miles away will surely open the floodgates for even more capital inflows.Blockchain: It ain’t just bitcoinBlockchain has hit the headlines because it is the technology behind bitcoin. But actually, cryptocurrency is just the tip of the iceberg when it comes to blockchain. Contracts and agreements can be distributed across the globe with the technology. Indeed, entire properties have already been traded on blockchain networks. In Malaysia, one group has issued tokens which are backed by properties in Kuala Lumpur. This essentially allows anyone with an internet connection to own a fraction of that estate.Official and commercial uses of cryptocurrency are technically illegal in Cambodia after a joint statement issued by the National Bank of Cambodia in June. So, projects now exist in a grey area. The ubiquity of financial scamming was cited as a reason for the ban.Steve Miller, founder of CryptoAsia, said that after blockchain is embraced in the financial sector it will filter down into other industries.“Once the actuality of a trustless money system is realized, then the more exotic use cases of a distributed ledger system will fall into place such as rights management, voting, and other smart-contract innovations,” he said.In Mean, who founded the Khmer Crypto Foundation and a project called KH coin before the official ban, urged people to educated themselves about any sort of tech before making investments.KH coin, he said, was simply a project that aimed to educate people about blockchain, help them avoid scams and boost tech knowledge.Echoing Mean’s comments, Chhay Lem, founder of Serey, a social media and content network based on blockchain said his project was meant to boost education and information access in Cambodia. The platform, which rewards users for creating videos or news articles, decentralises information on a global scale.“Blockchain is the future, and we are using it to create a space for discussion that is completely open and free,” Lem said. There’s an app for thatIf you’ve perused any of the listings for the latest developments in Cambodia, you’ve undoubtedly heard about smart home features. Lights, televisions, air conditioning, security systems and a full range of home appliances can all be controlled from a smartphone. While this concept is still a luxury in Cambodia, properties in South Korea and Singapore have been implementing it for years. IoT, or internet of things, is the broader concept that encompasses these connected devices. Companies making everything from light bulbs to blenders are hopping on the IoT train. There’s even an IoT Asia conference held every year in Singapore. Real estate isn’t the only industry that could be overhauled by IoT, either. The technology is already being put to use in the manufacturing, utilities and logistics sectors in Thailand. Cambodia’s leaders have already set goals towards bringing more high-skilled jobs and value-adding processes to the nation’s factories. Along with robotics and automation, IoT is a clear solution to supercharge local production.Take it to the bankReal estate and banking are intimately related, no matter where you reside. Loans and financing are needed for mortgages, down payments and investment. The banking sector in Cambodia is undoubtedly growing and becoming more mature. Indeed local media has noted that more international players are entering the country, raising standards and making competition more fierce.However, peer-to-peer lending is also on the rise within Southeast Asia. A report from Cambridge University found that the market for alternative financing in Southeast Asia alone was worth a staggering $215.9 million in 2016. Many services that are emerging offer smaller loans with fewer stipulations than banks can offer. What's more, many have humanitarian motives and, ultimately, aim to reduce poverty by bringing people another step closer to more formal financial institutions.Singapore's Fintech News recently profiled P2P lending platforms across Southeast Asia. They highlighted three operating in Cambodia: Karprak, Komchey and Lendwithcare.org. Big data in the big cityAs cities like Phnom Penh offer more and more job opportunities, they grow in size. With a larger population comes the potential for more detailed studies of the market. The idea of big data is quite new. In a report on the topic from earlier this year, real estate group CBRE claimed that urban big data was about three V’s: volume, velocity and variety. Cambodia’s capital is home to nearly two million. The amount of data and information about anything from transactions to food preferences is staggering. What’s more, because of the ubiquity of smartphones, this data can be collected constantly and cover a range of media from pictures and text to video or audio.CBRE’s report goes on to state that higher urban wages and a greater availability of opportunities both contribute to rising real estate prices. “The availability of high-wage, high-status jobs plus the local effect of quality of life [a city’s amenities] will be equal to local real estate values,” the report says.The document goes on to show a few examples of smart city monitoring in action, and how big data is helping to solve real problems. In Santa Clara, California, sensors were put on water systems to save 180 million gallons of water and avoid drought. Yinchuan, China has implemented facial recognition technology and grocery delivery apps to increase efficiency and productivity.Despite noting challenges with regards to privacy, usability and human capital, the report clearly states that Asia could be the most vital region for big data.“Many of the most impressive examples of the application of big data techniques are in Asia -- China in particular, but also Korea.”Potential proptech powerhouseThough many tech developments have been slow to catch on in Cambodia, there is momentum growing. Often people in the country get their first internet connection through a mobile phone, leapfrogging personal computers entirely. A similar effect is being echoed in the world of banking. Credit and debit cards remain relatively rare in the country. However, digital payment platforms such as PiPay, WePay and Smart Luy are a growing trend. We could see the masses jump straight from cash to mobile-based payment.Certainly, there is a growing demographic of youths that are eager to get into the tech world. Perhaps many of them will find themselves working in one of these four areas.For other great resources on the business climate in Cambodia check out our latest investment guide! 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?

The Cambodian government is working to set a minimum wage for construction workers in the Kingdom.Prime Minister Hun Sen made the announcement last week during a visit to Kampong Speu province. The Prime Minister noted that the government’s plan is to include construction workers in the expansion of the Kingdom’s minimum wage policy. Currently, the largest group of workers covered under the minimum wage law are garment factory workers.Cambodia’s minimum wage currently stands at $182 per month. However, the minimum wage does not apply to the construction sector.The PM said that careful study and the input of relevant stakeholders, including construction companies, will be taken into consideration in the minimum wage deliberations.“We have to study each and everyone [priority sectors]…we can include construction companies to determine the minimum wage rate and the research must be conducted by construction companies first,” he said.The Ministry of Labour and Vocational Training (MLVT) is already in discussions with the International Labor Organization (ILO) on the proposed expansion of the minimum wage policy.Heng Sour, MLVT spokesman, noted that the ILO needs to research the size of the market and conditions to produce the best possible results or policies.He explained that it will take some time to complete the research and corresponding consultations with relevant stakeholders.  “It may take about one year because relevant stakeholders will need to meet and discuss the ILO's findings,” he stressed.The Prime Minister stressed that the move to give construction workers minimum wage is meant to lessen the problem of worker migration.Lured by the bigger pay and better working conditions in other countries, more Cambodians are working abroad, with neighbouring Thailand as the top destination. A substantial number of Cambodians are also employed in Malaysia, South Korea, Japan, Singapore, Hong Kong, and Saudi Arabia. In 2017, nearly 100,000 Cambodians were sent out to work abroad, representing an increase of 12% from the previous year’s figure of 85,000.The vast majority of manual labourers in Cambodia’s construction sector are paid less than workers in other countries in the region. Moreover, construction workers do not receive insurance or other benefits. Currently, construction workers earn on average $7 (28,000 Riel) per day. In a month, the average pay of construction workers is between $150 and $200. In Thailand, construction workers receive $10 to $12.5 per day.There are 250,000 to 260,000 Cambodians who are employed in the construction sector.It is expected that the minimum wage proposal will gain the support of the majority, if not all of the stakeholders, including construction companies.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! 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?

The past few years have witnessed an insane amount of developments being built. This means the luxury market is growing stronger. These properties need top-of-the-line services to offer their customers.Julien Lussiez, acting head of marketing for SingMeng Telemedia, stated that new and innovative solutions are needed to meet this fresh demand.“The Cambodian economy is growing rapidly. It’s no surprise that that luxury condos and hotels are also expanding. Our job is to understand their needs and provide the right solution.“At SingMeng Telemedia we have been able to fulfill the demand of our customers thanks to genuine collaboration and communication between our sales, technical and marketing teams.“It was a great accomplishment for our company to be able to provide the first Triple Play Solution (interned, TV and VoIP phone service) in Cambodia. However, we have to stay focused; success is an ongoing process.Indeed, SingMeng CEO Sarah Wang has led the company in the right direction over the past two years. Wang has proclaimed that the group aims to be an innovator and, ultimately, make Cambodia a better place to live.SingMeng’s Interactive TV System is a preliminary step of a bigger project aimed at establishing a smart community. The advanced Smart Hospitality Interface is a system for a new era. The luxury hotel and condominium market has called for a single platform to make integration easy and efficient. They want to strengthen their brands, promote their services and obtain a new way to communicate with their clients.Additionally, some luxury spaces are looking for a totally advanced solution. It is our responsibility to deliver a solution that is on the cutting edge of the industry.The technology inside a hotel room or condo play a more vital role than merely streaming TV channels. It is an important digital touch point and gives the owners another opportunity to pamper their guests.SingMeng’s team is highly experienced putting together customized AV packages and information solutions. All features are uniquely tailored to each hotel or residence. We can help you indulge your guests with delightful entertainment as well as beneficial information.Learn more about the advanced Hospitality Interface at http://smtelemedia.com/s-hotel/ Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! 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?

Realestate.com.kh is excited to announce the release of the Cambodia Investment Guide 2019. We’ve consulted all the experts, read the reports and compiled all the information in one place. It is essentially the cheat sheet for doing business in Cambodia. What’s more, it’s completely free for you to download.Belt Road Capital Management, the foremost authority on investment in Southeast Asia, supported the creation of the guide, as did DFDL, one of the top law firms in Cambodia when it comes to real estate.Packed full of data, streamlined graphics and gorgeous pictures, this guide will have something for everyone. Whether you do business in the tourism, agriculture, manufacturing, banking or real estate sectors, you will want to read this comprehensive document. Even better, download the PDF, print out a few copies and give all your employees an invaluable resource for understanding Cambodia.We start off the guide by giving you a complete briefing on the country. Demographics, culture, visa requirements and cost of living are all covered. For instance, the cost of living in Cambodia this year was 37.1% less expensive than in the US. After that, we dive into how the economy works in the Kingdom. There are explanations of US dollar usage, banking and money transfers.Then, the guide does a deep dive into Cambodia’s key industries. All the bases are covered. There are sections about garment manufacturing, agriculture, construction, tourism and future industrial development. You may be surprised to learn --from a handy graphic on page 13-- that the banking sector here is worth a whopping US$539 million.Seven percent yearly GDP growth is truly an incredible feat. Cambodia is holding strong, too, and 2018’s numbers are expected to be just as high. Further, as the influx of foreign investment ramps up, nearly every market is changing. No worries, however. This guide is all you need to stay up to speed with all the shifts.On page 18 you can see tons of data about tourism in the country. Did you know tourism accounted for 12.2% of the GDP in 2016? The section is packed full of useful data like that.Dedicated sections cover Chinese investment, their One Belt, One Road infrastructure plan, Cambodia’s place within Asean and all the laws governing investment. China’s investments in the Kingdom accounted for a massive 44% of all foreign direct investment over the last 25 years. Last year alone, Cambodia attracted a fixed asset investment of $1.43 billion from China. All this and more is covered in the guide.Every form of infrastructure in the country is explained in full from air to sea transport. If import or export are on your radar, you need to read this guide. Flip to page 24 and you’ll be treated to a map of all 33 special economic zones in the country.Are you a foreigner who wants to invest in property? Section two has vital information for you. All the mechanism of foreign ownership are explained in detail. DFDL helped to make sure this part of the guide followed all relevant laws as well, so it can serve as a trusted and quick source.Section three is where the guide shines. It’s a complete breakdown of the real estate sector in Cambodia. Every type of property is explained from shophouse to borey. Borey projects with units costing $30,000 to $40,000 were some of the best performing this year. We explain why in this section.All investment areas are given their own focus. Phnom Penh, Siem Reap, Sihanoukville and secondary markets like Battambang and Poipet are all scrutinised. Finally, we finish up with an investor’s toolbox. This can be used as a handy guide you consult before every major decision.So, before the start of a new financial year get a headstart with the Investment Guide 2019. While you’re in the mood for learning more, check out all of our resources such as our yearly consumer survey and our massive list of guides and location profiles. Also, stop by our news section and remember to sign up for our newsletter to stay current on the entire industry.It is completely free and available for download on our site right now!

According to the latest semi-annual report from the National Bank of Cambodia (NBC), the construction sector is set to be one of the biggest contributors to the Kingdom’s forecasted 7% economic growth this year. Sitting neck and neck with both exports and tourism, the building industry is expected to be responsible for 11.5% of the yearly growth. By all accounts, the industry is as strong as it has ever been. Many commenters, however, have claimed that safety and training in the industry are below where they should be. A report released by the Building and Wood Workers Trade Union Federation found that only 40% of construction workers believed their worksites were safe and mostly free of injuries.Fortunately, there are moves being made to make the industry, which employes over 200,000 in the Kingdom, safer. Given the huge amount of international investment fuelling the current boom, it’s no surprise that other nations have stepped up to aid safety initiatives. Additionally, the greater issue of a skills gap in the construction industry has many looking to patron nations for assistance in bolstering human resources. Bridging the gapsDespite spotty safety and training, the construction sector is still providing work opportunities for hundreds of thousands in the country. Some have speculated that the industry is a gateway, bringing rural labourers into the fold of the Kingdom’s economy.Chrerk Soknim, CEO of Century 21 Mekong, said the construction sector has been a main driver of the Kingdom’s economy over the last five years. In addition to employing countless construction workers, the industry also employed those making and selling construction materials such as bricks, cement and sand.Soknim said he saw more potential for Cambodian workers in the burgeoning real estate sector. Increasing human resources would allow people to branch out into more skill-based areas such as architecture.“Normally low-skill workers can earn between $8 and $20 per day,” he confirmed, adding that alleviating the skills gap could bring young workers into more lucrative careers and help strengthen growth.It is often overlooked that many women are employed in the construction sector. Many of these women are give periphery jobs on worksites, but face the same concerns in terms of safety. CARE Cambodia, an NGO focusing on poverty among women and children, found that 92% of women in the sector received less than one hour of training.“CARE in Cambodia has a strong relationship with the Ministry of Labour and Vocational Training in promoting gender equality and labour rights in the garment and construction sectors … So far, 3,000 female workers are aware of their labour rights and they feel confident to claim safety equipment from their supervisor,” said Kalyan Rath, project manager for labour rights at CARE.Getting a helping handIn September, representatives of the Japanese government announced that they would continue to support a program focused on boosting safety standards through 2020.The project, which is also supported by the International Labor Organization (ILO), has four stated goals, including strengthening inspections at construction sites and putting together a legal framework and regulations governing the construction sector.  Under the project, there will be more on-site inspections and construction workers and their employers will be required to attend safety courses. The EU and Korea have also supported initiatives for greater safety standards in construction as well. According to Marta Nevas Abrantes, trade assistant with the EU delegation in Cambodia, the EU is working closely with the Cambodian government to improve safety at construction sites around the country. The EU’s effort is being supplemented by the European Chamber of Commerce (EuroCham), which recently reiterated its call for construction companies to improve safety in and around building sites. The Korean government recently announced plans to build a Cambodian-Korean Institute of Construction Technology (C-KICT). The main goal of C-KICT is to improve standards within infrastructure and construction.Growth itself has already been a motivator in bringing more safety to the nation’s construction sites. Acted, a French humanitarian NGO operating in Cambodia, found in a study this year that workers on larger, more expensive sites are in a better situation than those on smaller sites. Their report said both safety and legal conditions were better on these larger sites.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest infoLooking for real estate for rent in Cambodia or real estate for sale in Cambodia?

Phnom Penh’s district of Toul Kork is currently be stealing the spotlight. However, there’s an area in the south of the capital that could soon steal the crown for the hottest place to live and work. Certainly, Meanchey district is on the rise. Woodland Residences, in Meanchey district’s Chak Angre Krom commune, is a project that will make the area unstoppable in 2019.Woodland Residences is strategically located along Hun Sen Boulevard, which is rising to become one of the largest commercial corridors in the entire country. In fact, the third location of the amazingly successful Aeon Mall will be located along this road. Set to open in 2023, Aeon 3 will be larger than both Aeon 1 and Aeon Sen Sok City combined.Don’t worry! There’s no need to wait for amenities. Tons of cafes, name brand stores, and commercial facilities are already established in Meanchey district. World-renowned international school ISPP is here, as is Royal University of Law and Economics. This is truly an area meant for families.This new borey project comes courtesy of Naki Group, a luxury residential developer that builds projects to international standards. Woodland Residences has everything for a fulfilling modern life. An infinity pool, clubhouse, garden, coffee shop, convenience stores and a 24-hour security system are all on offer to residents. What’s more, Singaporean architecture firm Ong & Ong made the complex an all-around beautiful place to call home.The 85 units in this groundbreaking development come in three different styles, linkhouse, shophouse, twin villa and queen villa. Every type has three storeys, is decked out with full furnishings and appliances and has enough parking space for two vehicles.Both the woodgrain accents inside and the trees outside will make you feel at ease and connected to nature. Natural light falls in through the windows and each floor plan is designed for maximum flow of fresh air. There’s no need for vacations when your home is a dream-like oasis!Get more information about Woodland Residence and learn more about Cambodia’s newest developments by visiting Realestate.com.kh!

One of the Kingdom’s biggest lifestyle expos is happening in Phnom Penh this month. Realestate.com.kh is proud to be hosting an exclusive real estate section at Ladies’ Fair 2018, a gathering of the biggest names in beauty, fashion, home and baby products, will be taking place on Koh Pich from December 22 to 23. The event is set to host over 20,000 attendees, a record number for any consumer event in Cambodia.  If you want your business to make waves with women in Cambodia, you will need to be at this spectacular show.Realestate.com.kh CEO of Tom O'Sullivan said: "It’s a great opportunity for us and our clients to further build awareness in the Cambodian market and a great platform for our clients to increase property sales."Bargain hunters will be showing up in full force at this shopping extravaganza that will be chock-full of deals and discounts. Come and have access to this huge group of customers. By buying a booth you will be able to showcase your business to the real decision-makers of the family."Women are the main decision-makers when it comes to buying a home, so it was a natural decision for us to jump on board for the Ladies’ Fair this year," O'Sullivan noted, adding that local property giants Creed Asia, R&F Properties and Camhomes would also be present in the event’s real estate section.Spearheaded by Kanha and 360 events, Ladies’ Fair will be one of the premier events of this year. No matter what sector you operate in there will be a place for you. Cosmetics, fashion, decor, and furnishings will all be represented there, as will kitchenware, baby products and much more.The luxurious Koh Pich Convention Center is a perfect place for this unique event. There will be $20,000 worth of prizes given away, tons of exclusive pre-orders, cash coupons, makeup and cooking contests, performances and fashion shows. Because of this incredible lineup, a record turnout is expected.Do you want to have your product or service shown at this groundbreaking event? Hurry up and contact us soon. There is limited space and signup for booths ends Friday. With a range of different price options, there’s no excuse to let this opportunity pass you by!For more information on this event, contact:(English) Tyler Stuart +855 12/81-599-669   tyler.stuart@realestate.com.kh(Khmer and English) Moek Chenda +855(0)77686077   moek.chenda@realestate.com.khRealestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! 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?

Boeung Keng Kang 1, or BKK1, is the most international and forward-thinking district of Phnom Penh. No matter what you’re looking for, BKK1 will have something for you. Indeed, if you consider yourself a global individual, this is where you should live. It’s difficult to find the perfect space without the help of a professional, however.Luckily, Southeast Asia Property Services (SEAPS) has all the knowledge to show you around. In fact, SEAPS specialises in educating customers and securing strong property portfolios. The team at SEAPS is the most energetic and motivated group of professionals you are likely to meet. They are well trained and hold customer satisfaction as a prime importance. With an expert knowledge of Cambodia real estate, SEAPS can help you find the space that will make your dreams come true. BKK1 is internationalCambodia is more connected to the world than ever before. Investments are flowing in from abroad. Foreigners are setting up local companies, and local companies are doing more business around the world. Phnom Penh sits at the centre of this breakneck growth. What’s more, BKK1 is the gloablised centre of Phnom Penh.What's life like in BKK1?The amenities in this district are second to none. Dining options are unlimited with international chains and locals stalls dotting every corner. Every cuisine from Japanese and Korean to Thai and American are represented. Coffee shops such as Starbucks, Brown and Amazon all have multiple locations here. The massive Aeon Mall is just around the corner, too.There is no place more convenient to live than in BKK1. Local markets, grocery stores and 24-hour convenience marts offer up anything you need day to day. All the major banks have branches or ATMs nearby and there are hotels galore. Tons of international schools operate here, so your family is provided for. Additionally, four of the capital’s biggest roads, Norodom, Mao Tse Tung, Sihanouk and Monivong boulevards, border BKK1.If you work for an international company you will definitely be going to and from BKK1. It’s just minutes south of the central business district. Companies who don’t have their headquarters in BKK1 will usually have meetings or lunches in the neighbourhood. What kind of homes are in BKK1?New developments, towers and complexes are shooting up all around the country. BKK1 is no exception. Demand for luxury condos in the area is especially noticeable. Thankfully, SEAPS has all the latest information on these cutting-edge projects. They even have exclusive access to one of the most exciting projects on the horizon, UNO26 Residence.The 18-storey building hosts 70 units, all of which offer the latest in modern, luxurious living. Size ranges from 33 square metre studios all the way up to 107 square metre duplexes. Life here is comfortable and active given the rooftop swimming pool, gym, function room, office space, playground and massive parking area. Peace of mind will be yours as soon as you move in. There’s 24-hour security with video monitoring, automatic fire detection and integrated alarm system. Life should be comfortable. That’s why a world-class property management firm was brought it to deliver unparalleled service.These units are sure to be snapped up quickly. So, talk to a SEAPS representative to get yourself a place in this one-of-a-kind building!Decked out condominiumsCondos come in so many shapes and sizes in Cambodia. Nearly every level of luxury and affordability can be found. And SEAPS has the expertise to find a place for you to call home. We decided to take a look at a few of the places that exemplify the area:J TowerIf you want all the luxury and beauty of BKK1 in an affordable package, J Tower is for you. Located right on street 63, this one-bedroom unit has breathtaking views of the city skyline from the 20th floor. It’s fully furnished will everything you need for a comfortable routine. There’s air conditioning, TV, fan, washing machine, refrigerator and a kitchen stocked with tons of appliances.The view won’t be the only thing that impresses you when you visit J Tower, either. It’s got a fitness gym, infinity pool, lovely sky bar, 24-hour security and car parking. Tranquility and style are what define this condominium.De Castle RoyalTo be sure, there’s no shortage of units with gorgeous views in BKK1. This three-bedroom place is on the 17th floor and brings the utmost in luxury. It’s 150 square metres and offers three bathrooms, an open-plan arrangement and massive windows for natural lighting.In addition to the amenities offered across BKK1, the building has a fitness centre, sky garden, swimming pool and 24-hour security. Don’t forget about the private balcony. Here you can host barbecues, family gatherings or just relax after a day at the office.Can I start a business in BKK1?The answer is a resounding YES! BKK1 attracts the most attention from both foreigners and locals. Because of this, it’s one of the most lucrative places to do business in the entire country. Likewise, since BKK1 property will always be in high demand, the value of any place will inevitably grow.One property that is already attracting attention is a 15-bedroom villa in BKK1. Tourism is one of the strongest industries in Cambodia and this place is perfectly tailored for a boutique hotel enterprise. Further, it has already been renovated, cleaned and expertly decorated. This means your operation can hit the ground running and make quick profits.The villa has full accommodations for housing guests, as well as a huge outdoor pool, kitchen and bar area and a full parking lot. Properties like this are becoming more and more rare as the city moves to include more high rises. This colonial style building represents a truly unique opportunity. If you are looking to start a hospitality operation, this could be just the chance you have been waiting for.The world at your fingertipsAnyone who says Cambodia is off the beaten path clearly hasn’t strolled through BKK1. It has everything that nearby cities like Bangkok, Kuala Lumpur, Singapore and Hong Kong offer. Certainly, Phnom Penh should be included in this list of global hubs within Southeast Asia. As the years go by, this worldwide connection will get even stronger in Phnom Penh. Indeed, BKK1 will be at the centre of this progress. If you are a member of the jet set, the international elite, the decision-makers of Asia, BKK1 is already on your radar. It’s all happening here. You should live here if you want to be a part of it.Find out more about new developments in Cambodia at Realestate.com.kh and browse tons of listings for real estate for sale or rent in BKK1!

Yuetai’s Phnom Penh Harbour will be the first commercial hub in the harbour area of the Kingdom’s capital. Indeed, it is set to become the centre of both business and cultural tourism for the region.This ambitious projects will not only come to define the city’s riverside, but it will also be one of the largest complexes in the country.Encompassing a total area of around 1.05 million square metres, Phnom Penh Harbour will be located in Daun Penh district, the commercial centre of the city.The project includes Grade A office space, five-star hotels, shopping malls as well as serviced and high-end apartments. It is comprised of 22 buildings covering 118,687 square metres. There will be a transport centre on site, commercial plazas, offices, duty-free shops, professionally managed residences, shopping centres and 7,000 parking spaces. All the urban glamour of Phnom Penh will be represented here."We hope that people can learn about Khmer culture and arts through Yuetai's products," a manager from Yuetai Group said."That's why we are including elements of the Angkor empire in our concepts and blueprints. We are not only developing a commercial project but also establishing one of the best tourist attractions in Cambodia, perhaps even in all of Asia."Since coming to Cambodia in 2011, Yuetai Group has built a number of landmarks including East One and East View, two urban complexes, as well as East Commercial, a business centre. Soon another famous landmark will be gracing the city’s skyline.Four stages will punctuate the construction of Phnom Penh Harbour, which is set for completion within seven years. The White Swan, a five-star hotel, will be completed during the first stage. It is set to become one of Cambodia’s top luxury hotels.The pre-sale stage of properties in the first stage has just recently begun. Clever investors are already lining up for this once in a lifetime deal.Get more information about Phnom Penh Harbour and learn more about Cambodia’s newest developments by visiting Realestate.com.kh!

On November 27, more than 100 media outlets in Cambodia and China turned the spotlight toward Dara Sakor of the Long Bay Resort Town on the west coast of the Kingdom. The move will see an upgraded tourism plan and has resulted in admiration from Chinese investors.China’s One Belt, One Road policy is being carried out within several of Cambodia’s special economic zones (SEZs). Meanwhile, Dara Sakor becomes the first section of the 360 square kilometre SEZ in Koh Kong, the culmination of a decade of progress and Chinese investment. After launching on the global stage and hosting a groundbreaking ceremony, Dara Sakor will set its sights on creating a world-famous tourist resort.Temi TownAlso touted by the team behind Dara Sakor was the sweeping Temi Town project of Koh Kong province. The massive undertaking, which is set to include everything from resorts to airports, was shown as a prime example of the group's dedication to the One Belt, One road plan.Union Group Urban Development Group Co., Ltd's chief marketing officer said that the project shows that relations and cooperation between Cambodia have never been stronger.One Belt, One Road brings global recognitionAt 5pm on November 27, the ground was officially broken for the Dara Sakor Long Bay Resort Town project. This is the first project of the Dara Sakor Special Economic Zone and is a direct result of both the China-Cambodia Economic Cooperation Model and the One Belt, One Road policy. It is also the highest-profile cultural tourism project in Cambodia.Seeing the value of the project, it has been looked on favourably by the Cambodian government and national leaders. Development plans for the Dara Sakor Tourism Resort Special Zone even stretch all the way back to 2008. After 10 years of infrastructure construction, the project is now being introduced to both global media and investors. Leaders from Cambodia, Zhengheng Development Company and partners from more than 100 Chinese and Cambodian media outlets were invited to the event.Holiday destination and industrial areaTriumphant music began at 5:30pm and the groundbreaking was underwar. The head of Zhengheng Development and other stakeholders delivered speeches and presented the blueprints for 360 square kilometres of Sea Empire and 200 hectares of world-class travel and holiday destinations to all the guests.Dara Sakor’s Long Bay is located at the core of the Dara Sakor Special Economic Zone. The project covers a total area of 200 hectares, surrounded by mountains and the sea. It hosts 1.9 kilometres of coastline, standing as a hub of tourism, and integrating financial capital, holiday resources, overseas resources, IP, services, smart cities, cultural travel and much more.It will create a new destination for world-class travel and vacation by creating smart industry parks, commercial style neighbourhoods, core areas of cultural travel, sea view apartments, villa resorts, yacht marina resorts, coastal leisure resorts and quiet sea bathing areas.Dara Sakor’s Long Bay started as a 55-hectare industrial park, which is an exclusive smart park. The development team, who has visited dozens of cities, deeply understood the industry rules, and analysed the main points of the industry, focusing on top security and support.As a starting point, Dara Sakor’s Long Bay plans to construct a 5A office building on the coast, a hardcover delivery condominium, a gourmet restaurant, a commercial block and a sports venue. Everything will feature triple security measures to ensure a relaxed, safe and long-term operation for all enterprises in the park. The project will be based on digitalisation and modern technology and will bring work to 80,000 industry and tourism personnel within five years.Investors already signing upOn-site guests reported high investment enthusiasm for the project. After the meeting, under the witness of the Cambodian national leaders, Zhengheng Development Company and many Chinese and Cambodian journalists, a grand signing ceremony for investors entering the park was held.Dara Sakor-Long Bay launch ceremony was a great success, marking a successful step of China's One Belt, One Road project in Cambodia. This is not only the development model of Zhengheng Development Company but also of the Chinese government.This exciting step will push global economic cooperation and tourism development in the country. Indeed worldwide attention is already growing rapidly.More information contact：carina.cai@realestate.com.kh  (+855) 012 426 538Find out more about new developments in Cambodia at Realestate.com.kh

New real estate developments have been shooting up across Siem Reap over the past few years. Indeed, the Kingdom’s main tourist draw has seen a spate of new hotels, boutique accommodations, guest houses and apartments. Earlier this year Mario Tan, sales and marketing director of Hunter Estate, claimed the number of tourist-centric structures has surpassed 1,000. That is double what existed in the city just two years ago, he added.It’s no surprise that the home of the Angkor Wat temple complex has seen such a massive demand for lodgings. According to Angkor Enterprise, the custodial organisation for the park, the number of visitors nearly hit 2.5 million in 2017.Phin Vanna, CEO of Camglobe Realtor in Siem Reap, noted that larger hotels—those with more than 100 rooms—have seen a massive influx of Asian tourists, especially Chinese nationals.“Boutiques, guesthouses and homestays have not grown as fast as large-scale hotels,” Vanna said, adding that the number of Western visitors to the area has gone down by about 50 percent. The number of Chinese tourists, he claimed, has doubled in recent years. He mentioned that most groups from China come as a part of packaged tours.Charles Evans, director of Siem Reap’s Cambodia Property Shop, said that the hospitality sector is still front and centre in the area, and there is still untapped potential.“I am working to help foreigners invest or rent hotel businesses in Siem Reap,” Evans added.“There are many hotels featuring many rooms across the city. Last year, 30 new boutique hotels were built nearby Damnak pagoda. This brought hundreds of new rooms to the market,” he stressed. Interestingly, Camglobe’s Vanna claimed that, prior to July’s national election, investor interest in hotels saw a noticeable spike. Now, however, renter and buyer demand has flattened out. “A 100 to 200 room hotel can be rented for between $50,000 to $100,000 per month, in accordance with its location and facility,” he added. Vanna, however, noted that majority [90 percent] of building owners prefer to sell the whole hotel rather than rent it out. “A hotel with 100 to 250 rooms can sell for between $20 to $60 million,” he revealed.  Cutthroat competitionOf course, more options in Temple Town means more competition. Commenting on this, Evans noted that some hotel owners who aren’t able to generate enough income are shifting their property over to long-term stays.Choch Cho, founder and CEO of Siem Reap Property Services, echoed the claims that competition was getting more fierce as new hotels emerge in the city.Cho explained that, although visitor numbers were on the rise, supply was still exceeding demand due to the number of new projects.Growing competition isn’t the only challenge the sector is facing, either. Phy Sophov, general manager of Ring Boutique Hotel, said that owners need to stay in tune with the preferences of travellers. If they simply stick with the same business model, he said, they will fail.Sophov added that, despite growing numbers, the market is in the midst of a cooling down period. Large-scale luxury hotels have the most room for growth, he claimed.“The market is still relatively strong and developers can profit as long as they bring something unique for their clients,” Sophov pointed out. Perhaps due to the falling number of Western visitors, many small boutique hotels have suffered or even closed over the past year. Sophov’s Ring Boutique Hotel, however, has capitalised on the growing trend toward eco-friendly accommodations. It offers 22 rooms on a 1,425 square metre plot.“We bring the unique feeling of living within the natural environment of Siem Reap,” Sophov claimed. He added that they weren’t seeing as many foreign visitors, but domestic tourist numbers at the hotel were up by 70%.Noting that keeping rooms affordable was pivotal to their business, Sophov said that rooms could be had for between $30 and $35 per night during low season.Camglobe’s Vanna noted that boutique hotels were popping up at nearly every price point, however. “Four-star hotels in the area are charging between $100 to $250 per night. Many boutique hotels are also in this market segment,” he said.If you're staying in Siem Reap long-term, be sure to read our latest guide to life in Siem Reap.You might also be interested in browsing our listings for investment property in Siem Reap or real estate for sale in Siem Reap!

Cheng Fung Investment (CFI) specialises in real estate, hospitality, and finance, providing advice on investment, management and marketing for clients as varied as hotels, restaurants, real estate developers, construction companies, banks, microfinance organisations and insurance companies.CFI's consulting services, based on professionalism and ethics, can help form strong business partnerships and boost investment in the country. They can also draw up clear and strategic business plans to provide outstanding one-stop professional services for all your needs. The company draws on close relationships with big corporations and the government.“Our team is highly experienced in a wide range of markets from real estate to finance, tourism, and business consulting,” Buth Kerady, CFI's CEO, said.“We understand fully how to identify the strengths, weaknesses, opportunities, and threats related to business competition or project planning in the Cambodian market. We have a clear, strategic business plan to provide outstanding professional services. Our commitment is to deliver quantity and quality projects,” she said, adding that the company is based on the core values of professionalism, relationships, integrity, connections, and ethics.“Our vision is to be the market leader and your ultimate partner with our outstanding level of services, together with professional expertise to achieve your business goals,” she said.“To achieve this, our mission is to develop long-term business relationships built on honesty and integrity with the flexibility to adapt to any business blueprint aimed at achieving success.”Kerady said CFI will provide all the expertise for investors to understand the Cambodian market. The company’s highly qualified experts aim to deliver satisfaction with operational insight into quality projects.“We are the best institution for you to ensure satisfaction because we consider personal interaction as the key to ensuring every client’s business is run according to their needs.” According to the Council for the Development of Cambodia (CDC), the government agency responsible for investment activities in Cambodia, committed investment from foreign countries grew from US$2.9 billion in 2012 to $3.6 billion in 2016. Chinese investors were the most instrumental in this growth.Last year, Chinese investments worth $5.3 billion made China the number one investor in Cambodia. Chinese investors are investing in almost all fields, from energy to infrastructure, tourism, real estate, finance and human capital. Chinese investors entered Cambodia in different forms, including groups of businesses, corporations, branches, joint-investment projects, and other projects.“With the increase of foreign direct investments into the Kingdom year on year, particularly from China, it requires to have a professional consulting firm provide the best advisory services to investors on their business activities and investments,” the CFI CEO added.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! 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?