Residences BEL AIR is one of the best luxury residential developments in one of the best locations in the entire Kingdom of Cambodia.Located on the tip of the Chroy Changvar peninsula, one of Phnom Penh’s newest, most affluent, most secure, and most exclusive districts, Residences BEL AIR is part of a high-end residential neighborhood that also includes Western-style waterfront villas, other high-end apartment and condo buildings, and luxury hotels.Around and close by Residences BEL AIR is an excellent array of schools, health clubs, markets, leisure & entertainment centers, sports clubs, cafes, restaurants, banks, hospitals, shopping centers, retail outlets, and other amenities befitting modern, high-end living. Government offices, embassies, and transportation hubs are also close by.From different parts of Phnom Penh and nearby provinces, Chroy Changvar is highly accessible by way of five bridges, including the iconic Japan-Cambodia Friendship Bridge, and several river crossings, the main one of which is less a kilometer from Residences BEL AIR. It is also near National Road (NR) 6, the main road going to and from Siem Reap, Cambodia’s leading tourist destination.The 18-storey Residences BEL AIR overlooks Chaktomuk (four faces) in the confluence of the rivers Bassac, Mekong, and Tonle Sap.  It has distinction of being one of the few buildings standing on the main paved street along the riverbank.From its ideal and strategic perch, BEL AIR offers breathtaking and unobstructed views of sceneries in and around the city, whiffs of fresh air, and blissful serenity, earning for itself the moniker of “oasis of comfort and luxury” amidst the din and bustle of the city.Occupants of each apartment in Residences BEL AIR can see the Mekong River and places beyond it, including Kandal province, from the front and back; Royal Palace and Chaktomuk Theatre when looking to the right; Koh Dach (Silk Island) to the left; and other parts of Phnom Penh further and beyond.Residences BEL AIR is composed of ultra-modern luxurious studios, condos, and apartment units, all with balconies, with Studio to 5 bedrooms, sizes ranging from 73 sqm to 909 sqm.Occupants will have access to such luxuries of modern urban living as garden, swimming pool, gym/fitness center, and a spacious parking area.Residences BEL AIR is being developed by a topnotch developer, MK Centralland Co.,Ltd. Bun Sor, a reputable construction firm whose projects include the Parliament House, is project contractor.Residences BEL AIR is scheduled for completion in 2020.Residences BEL AIR is participating and supporting the Realestate.com.kh EXPO 2018, Cambodia’s biggest and most prestigious property exhibition, as one of the exhibitors. Residences BEL AIR sees the EXPO as the best to promote the Cambodia real estate industry and leading developments to the outside world.Get more information about Residences Bel Airand learn more about Cambodia’s newest developments by visiting Realestate.com.kh!

Did you know that you can now post your property for sale or rent on Cambodia’s number one real estate portal Realestate.com.kh via our facebook page?Just chat to us via our intelligent and friendly messenger bot. We will guide you through the process.Simply provide the information about your property to us via messenger, It will be live on Realestate.com.kh within 24 hours.  Advertise your property where the best buyers look and post your property today, via facebook messenger - for free!About Realestate.com.kh:Established in 2009 by Cambodian National Moek Chenda, Realestate.com.kh has grown to be the leading real estate website and marketing company in Cambodia, working with the nation's leading real estate agencies, developers and lenders. In 2015, Australian-based DCG partnered with Moek to develop the business rapidly. The platform, in Khmer, English and Chinese languages, has over 40,000 properties for sale and rent, with tens of thousands of property hunters visiting the website and app each month. Realestate.com.kh also produces a quarterly real estate magazine entitled “Cambodia Real Estate” in English, Khmer, and Chinese languages.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?

With the unremitting efforts of CHINA’S AVIC Group and strong support of the Cambodian Government, Cambodia Bayon Airlines has always been providing safe, comfortable and convenient service for passengers since its debut flight towards the end of 2014.As the first Chinese airline company that is established overseas and mainly operates Chinese civil aircraft, Bayon Airlines introduced brand new MA60 fleet, committed to building a demonstration platform of domestic aircraft overseas operation. Bayon Airlines has launched five international and domestic flight routes, operated more than 4,000 flights and kept a punctuality rate of 98% so far. With premium service and operation, they are trusted and favored by passengers.Bayon Airlines emphasizes on talents recruitment and team building. It has an international pilots team, a localized crew team and a professional engineering and OCC team, who take the escort as their duty and make their best effort to guard each flight.As subsidiary of CHINA’S  AVIC group, Bayon Airlines never forgets to fulfill its corporate social responsibility while pursuing stable development. Bayon helps cultivate a large number of civil aviation professionals and contributes greatly to the development of Cambodia’s civil aviation industry.Bayon Airlines has transitioned to a more aggressive, in-depth development after a solid start. In 2018, the company steadily achieved rising revenue and profit by adhering to set up an interactive network of overseas flight routes and expanded their service system to cover all respects of the Chinese civil aircraft operations, including aircraft maintenance and personnel training.Bayon Airlines, which has been aiming for substantial business in the local market, has grown to be the number one domestic airline company in Cambodia, registered the best record on flights’ stability and punctuality. Operating on some key routes such as Phnom Penh⇔Sihanoukville, Siem Reap⇔Sihanoukville, Bayon Airlines makes the safest and fastest air travels between popular destinations within the Kingdom.Moreover, Bayon Airlines provides a range of service packages to address varied customers’ travel pattern or appetite, including provisional charter flights, regular routine combo tickets, business class combo, etc.In response to China's "ONE BELT ONE ROAD" development policy, Bayon Airlines intends to build on existing advantages while grasping the opportunity of a rising Cambodian aviation industry. Bayon Airlines plans to build a network that centers on Cambodia, while covering the ASEAN region. Committed to enhancing cultural and economical exchanges alongside the "ONE BELT, ONE ROAD" region through air travel services, Bayon Airlines is moving forward to becoming a major regional airline company in Asia.As Cambodia’s real estate industry grows rapidly with the help of Chinese investments, relations between Cambodia and China is getting stronger. Bayon Airlines acts as one of the links between the two countries.In sponsoring the Realestate.com.kh EXPO 2018, Bayon Airlines believes it is a good strategy and that it has much to gain from joining Cambodia’s most prestigious and biggest property exhibition and being a partner of the Kingdom’s leading real estate portal and marketing agency- Realestate.com.kh.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?

A prime location is the first advantage for international buyers who seek an apartment with full-facilities either as a home or an investment. That is what the Prince International Plaza is offering you!The entire project consists of five 12-story buildings with a total building area of 200,000 sqm. Within these buildings, it also has 5A commercial spaces, star-rated serviced condos, restaurants, flagship retail business avenue. It will become an upgraded epitome of modern lifestyle in the Capital of Cambodia.The project is situated in the Central Business District (CBD), surrounded by many well developed amenities within just few minutes away from your doorstep, and comes with star-rated home services.Prince International Plaza will have a total of 456 luxury condominiums, more than 1,000  parking lots, and is targeted to complete and deliver by the end of 2020.Prince International Plaza is ideally located along Russian Federation Boulevard and in the intersection of three major districts: Toul Kork, Meanchey, and Sen Sok. As a new potential commercial and transportation hub, these best locations have become the most desirable development areas for developers in Phnom Penh. Prince International Plaza will be one of the iconic project that definitely help these areas to transform into the new central of metropolitan Phnom Penh city.The residents in Prince International Plaza can conveniently access to many city facilities within 3 kilometer away, including oversea transportation, shopping centers, educational institutes, commercial centers, and government agencies, especially the Peace Palace, Ministry of Commerce, City Hall, tax department and the Ministry of National Defense are close by. Many important amenities are at its residents’ doorstep. Such as shopping center like Marco Wholesale, TK Avenue; high education institutions like the RUPP, Institute of Foreign languages, Institute of Technology of Cambodia, international schools; quality hospitals like Royal Hospital of Phnom Penh, and National Children Hospital. Prince International Plaza is located along one of the most important main roads - Russian Federation Boulevard. The Phnom Penh International Airport and railway station can be reached by car in less than 15 minutes.Aside from having luxury residences, this project also comes with the best commercial spaces covering 63,000sqm, including multiple flagship retail spaces, and office spaces. By presenting a 3,000spm supermarket, IMAX digital cinema, fitness club in huge size, many featured restaurants and bars, game center,  and a children’s playground - all is on the first 3 storeys and it geniusly integrates business, entertainment and leisure, and creates the best and the most comfortable and most convenient life in Cambodia.This new project features the latest interior design exclusively for elites living in the Kingdom. Sizes of units range from 50-157 sqm. Every condo unit is designed to be the top end accommodation by its spacious layout and stylish modern equipment, comfortable with sunlight and air flow. It is just like a home in a five star hotel. Occupants will have access to a star-rated fitness club, infinity pool, customer service, and a 24-hour security that will ensure their safety for the duration of their stay. Prince Real Estate (Cambodia)  Group is known as one of the leading property developers in Cambodia, who has been establishing a few landmarks across the country. With several successful projects on its belt, the Group has become an international multiple giant incorporation, owning 30 subsidiaries and stocking property development of 10 million sqm.Prince Real Estate (Cambodia) Group , which is oriented towards modern city development, has developed a premier commercial area, the Phnom Penh CBD with a total area of over one million square meters, which has become a legend across the property sector in Cambodia. Underway within the CBD is Prince International Plaza, a 200,000 sqm mixed-use development by the Group that is geared to transform Phnom Penh city life.Prince International Plaza has all the benefits seeked by every international buyer, which means you can own a top end luxury condo in the heart of Phnom Penh, with access to facilities that will bring you the most comfortable, most colourful and most exciting city life.Seize the opportunity to fulfill your dream before it is getting too late!Get more information about Prince International Plaza and learn more about Cambodia’s newest developments by visiting Realestate.com.kh!

To all honorable guests, respected members of the press, media partners and sponsors - a very warm welcome to the press conference for the Realestate.com.kh EXPO2018. Thank you for your time and attention.AGENDA FOR PRESS CONFERENCE:8:30-9:00: Distinguished guests from media arrive and registration9:10-9:25: CEO, realestate.com.kh, Mr. Thomas O’Sullivan (English)9:25-9:40: Scott Naki Group (Khmer)9:40-9:55: Chinese Marketing Manager, realestate.com.kh, Ms. Carrie Sun (Chinese)9:55-10:00: Q&A with media, guestsMedia Contacts for follow up info and images:English/Khmer: nara.cheng@realestate.com.kh +855 016 333 717Chinese: carrie.sun@realestate.com.kh +855 010 857 886---------------------------------------------------------------------------------------------------4th of September 9:00 - 10:00 AM, Lumiere Hotel  - Realestate.com.kh, Cambodia’s most visited real estate website, is pleased to announce the Realestate.com.kh Expo 2018, Cambodia’s #1 Property Expo. October 19 & 20, 2018, at the NagaWorld Hotel, Phnom Penh.Realestate.com.kh EXPO 2018, Cambodia’s #1 Property Expo. Returning this October 19-20thAfter the huge success at the inaugural Cambodia Real Estate Shows in 2017, the much anticipated show known now as the Realestate.com.kh EXPO 2018 is returning this October 19th 20th to NagaWorld Hotel, Phnom Penh, to provide a forum for local and international home buyers and property investors to visit the leading developments in the region at one convenient event.The last expo in October 2017 brought together more than 4,000 attendees and generated over $20 million in property sales within the two days. The proven success created strong demand from agencies, developers and property seekers for the event return for 2018.Extensive marketing campaigns prior to the event and of course the Expo itself are not only a major vehicles in promoting Cambodia as a country but also as one of the best investment destinations globally. MR Tom O’Sullivan, CEO of Realestate.com.kh said that “ Over 4000 people had already  registered to attend this years expo and we are forecasting to attract over 6,000 home buyers and property investors at least.”Cambodia is increasingly becoming the focus of international property investors from across the ASEAN region, China and the world. Compared to neighboring countries in the region, Cambodia is offering freehold foreign ownership and strong investment growth prospects.While those living in Cambodia are well aware of the fast changes happening in regards to real estate, construction and infrastructural development in major cities such as Phnom Penh, Sihanoukville and Siem Reap - many internationals have little understanding of the quality of real estate now available in the Kingdom and the investment potential for those purchasing property here. Thus, in order to accommodate this growing appetite for Cambodia property, Realestate.com.kh has organized the most focused real estate exhibition event that the country has ever seen.With over 30 real estate developments exhibiting over the two days “The Realestate.com.kh EXPO” Sponsored by Ezecom, Propease, Bayon Airlines & CDF will demonstrate the finest property investment opportunities currently on offer across the nation. The audience will include both international investors and local property buyers.O’Sullivan also mentioned “The intention of the Realestate.com.kh EXPO, October 19 & 20 is to promote Cambodia and the Cambodia real estate industry both locally and internationally. We are bringing together a collection of the nation’s finest new projects, as well as other businesses that influence and play a role in the market.”“During the EXPO, attendees will also be able to watch various educational seminars which will assist property buyers and investors understanding the market, the legal obligations of property ownership, and to help them to make educated decisions when purchasing real estate in Cambodia,” said O’Sullivan.The free seminars will be available in three languages over the two days of the event, Khmer, English and Chinese, with translation headsets available to guests. Topics will include property investment advice, ownership law, tax considerations, infrastructure developments, notably the One Belt One Road initiative, market comparisons and Cambodia’s economic growth prospects. Panel discussions and question, answer sessions with the audience will also be part of the seminar schedule.“Furthermore,” continues O’Sullivan, “a real estate show closes the gap between the investor and the opportunity. When investors from throughout the region and world arrive in Phnom Penh for our real estate show, they will feel, smell and touch Cambodia; and they will see the drastic changes happening here in terms of construction and real estate development. They will also understand the infrastructural improvements that are transforming the country into an economic hub. This exposure to Cambodia will give them confidence to invest in property here.”O’Sullivan concludes, “People buy property in countries they love - and at realestate.com.kh, we are confident international visitors to our real estate show will soon fall in love with Cambodia.”“We are excited to be bringing the best of the best from the last show as well as some new flavors and opportunities for the 2018 edition including more borey and affordable condos as well as more international developers from both Cyprus & Australia”Exhibitors include some of the biggest names in the industry including Creed Group, Orkide Villa, Prince Real Estate Group (Cambodia) Group, The Parkway, Aristo Developers, One Park, Phnom Penh Harbour, Le Bassac, North Park Condominium, Residences Bel Air, Pafilia, Position Property, NC Maxworld, SEAPS, DFDL, Seara (Sports Engineering and Recreation Asia Cambodia), OneDa, The Room Design Studio, Cloud Coast, Naki Group, AVIC INTL, New Nordic Group, Morgan Tower, Thaiyue investment and PropEase.Local and international media partners for the event include CTN, MYTV,  Thmey Thmey, Khmer Times, Fresh News, Property Asia, BizKhmer, KHB Media, EuroCham Cambodia, Understand Business, The Cambodia China Times, Forward Asia, Nice TV, Cambodia Sin Chew Daily, Gold Zone Media, Sing Meng Telemedia, GrepTech, Jian Hua Daily, B2B Cambodia, Angkor Today, and Khmerload.Realestate.com.kh would again like to thank sponsors of the event including PropEase, Bayon Airlines, Lumiere Hotel, and CDF.The thousands of expected attendees will include international property investors, local buyers, architects, contractors, builders, designers, lawyers, real estate agents, CEOs and top management of major property developers and associated companies.Venue and Schedule:2nd floor grand ballroom of the NagaWorld Hotel and Entertainment Complex, Phnom Penh.Save the date!Save the date on your calendar! The Cambodia Real Estate Show will be held on the Friday & Saturday, 19th and 20th of October 2018, on the second floor grand ballroom of the NagaWorld Hotel 1 in Phnom Penh. The show will run from 10am until 6pm on Friday the 19th; and 10am to 6pm on Saturday the 20th.Admission is FREE for all attendees and is totally open to the public with no ticket or registration required. All are welcome to attend!Register here for FREE and see detailed info on show agenda:This is for english - https://realestatekh.lpages.co/october-property-expo-2018-attendees/#pressEnglish: https://realestatekh.lpages.co/october-property-expo-2018-attendees/Khmer: https://realestatekh.lpages.co/october-property-expo-2018-attendees-khmer/Chinese: https://realestatekh.lpages.co/october-property-expo-2018-attendees-chinese/Promotions:●     Everyone that attends the show will go into the draw to win lucky draw prizes from our friends at CDF●     International investors that buy property on the day will be refunded the cost of their flight* (*Selected developers only, Terms and conditions apply)Sales and Marketing Contacts:Nin Kang (chinese/khmer language)nin.kang@realestate.com.kh+855 78 637 323 / +855 93 552 305Tyler Stuart (english language)tyler.stuart@realestate.com.kh+855 12/81 599 669English: https://realestatekh.lpages.co/october-property-expo-2018-attendees/Khmer: https://realestatekh.lpages.co/october-property-expo-2018-attendees-khmer/Chinese: https://realestatekh.lpages.co/october-property-expo-2018-attendees-chinese/Additional Online Resources:https://www.realestate.com.kh/news/Over-20-Million-dollars-of-property-sold-at-the-Cambodia-Real-Estate-Show-2/https://www.realestate.com.kh/news/Borey-Developers-take-Interest-In-the-Cambodia-Real-Estate-Show-2-this-October/https://www.realestate.com.kh/news/Life-and-Vibrancy-at-the-Prince-Modern-Plaza/https://www.realestate.com.kh/news/Star-City-A-New-Phnom-Penh-Landmark-Emerges/https://www.realestate.com.kh/news/Blue-Bay-Sihanoukville-Find-your-personal-paradise-at-the-Cambodia-Real-Estate-Show/https://www.realestate.com.kh/news/Sky-Land-Condos-Where-Peace-and-Luxury-Unite/https://www.realestate.com.kh/news/Creed-Group-a-Japanese-property-development-firm-joins-the-Cambodia-Real-Estate-Show-2/About Realestate.com.kh:Established in 2009 by Cambodian National Moek Chenda, Realestate.com.kh has grown to be the leading real estate website and marketing company in Cambodia, working with the nation's leading real estate agencies, developers and lenders. In 2015, Australian-based DCG partnered with Moek to develop the business rapidly. The platform, in Khmer, English and Chinese languages, has over 40,000 properties for sale and rent, with tens of thousands of property hunters visiting the website and app each month. Realestate.com.kh also produces a quarterly real estate magazine entitled “Cambodia Real Estate” in English, Khmer, and Chinese languages. To be the sponsor or exhibitor or more information, please call:English speaker: Mr. Tyler Stuart, 012 599 669 or 017 436 756Chinese and Khmer speaker: Mr. Nin Kang, 078 637 323

Save for a short coastline facing the Gulf of Thailand in the southwest, Cambodia is mostly a landlocked country. But apparently, this limitation is not deterring the Kingdom, with help from its foreign friends, from going into a port building, expansion, and improvement frenzy on its few outlets to the sea in a bid to improve economic, trade and tourism prospects.In the last few months, several major port construction, expansion, and improvement projects were either completed, underway, or are being planned in Sihanoukville, Kampot, and Koh Kong, all in Cambodia’s southwest. In addition to the seaports, Cambodia, which is traversed by the mighty Mekong River and its tributaries, has a few river ports in the provinces of Phnom Penh, Takeo, and Kampong Cham.The most significant port project in the Kingdom is major improvements to the State-owned Sihanoukville Autonomous Port (PAS). PAS stretches over 125 hectares of land in Preah Sihanouk province.Last June 2018, PAS, which is Cambodia’s sole deepwater seaport and major trade gateway to the outside world, launched a $74 million multi-purpose terminal. The Japan-funded port improvement project provides an addition 330 meters for ship docking.This allows the port to accommodate larger ship with heavy loads. The new terminal is able to load shipments between 40,000-50,000 tonnes, which is double the capacity of existing terminals at the PAS.Minister of Transport Sun Chanthol said the new terminal will make PAS play a more significant role in speeding up the delivery of goods as well as boost competitiveness between Cambodia and neighboring countries. It was noted that the terminal will facilitate 70 percent of exports and imports coming through Cambodia.Minister Sun said that in addition to the new terminal, plans are afoot to turn PAS into an intermediate-scale standard port in the next few years.The planned expansion will entail the construction of another container terminal, which will enable the port to handle more than 1 million TEUs (twenty-foot equivalent units). The expansion will also enable the Sihanoukville port to receive ships of more than 60,000 tonnes.The proposed new container terminal will have a depth of 14.5 meters and a length of 350 meters. Funding is courtesy of a $209 million soft loan from the Japan Government. Construction of the new terminal will commence next year and targeted to be completed by 2023.Meanwhile, in the province of Kampot, which is more well-known for growing the world’s best pepper, Kampot Pepper, a new 4-hectare seaport will also rise soon. Kampot, which also shares a border with Vietnam, has a coastline of some 45 km on the Gulf of Thailand.The construction of the much-awaited seaport in Kampot province began early last month. Part-funded with a loan from the Asian Development Bank (ADB), the planned port is situated in Kampot’s Tek Chhou district.The massive project is expected to help boost the local tourism and property sectors, as well the national economy in general.Minister of Tourism Thong Khon noted that with their close proximity to Vietnam and Thailand and their important role in tourism development, the Cambodian Government has been focusing on developing these waterways.Maritime traffic with Vietnam and Cambodia is expected to rise once the project goes into operation. The ADB expects the port to serve 360,000 international and domestic tourists a year in its first year and 442,000 by 2022.Echoing Mr Thong, Kampot Governor Cheav Tay, said a new seaport in Kampot will benefit the local infrastructure and the country’s economy. Support infrastructure like roads and bridges are likely to be built close by to support the growing economy and tourism industry.For Soy Sinol, Director, Kampot Tourism Department, there is the exciting prospect of the seaport attracting real estate developers. “These kind of projects generally attract them,” he said, while also noting that real estate values in the area will rise once the project is complete.The Kampot port project is slated for completion in 2019.In Koh Kong province, China’s Tianjin Union Development Group (UDG) is developing 45,000 hectares of land, including building a port and an airport, as part of its $3.8 billion Dara Sakor Beachside Resort project. Few details regarding the port project have been released so far.In early 2009, there were also plans to build a $20-million tourist port in the tiny southwestern province of Kep. While the Kep port project, due to various reasons, did not push through, there are some who believe it will be revived in the next few years.  Cambodia’s focus on infrastructure development, including port construction and expansion, is expected to help the Kingdom’s economy, one of the fastest-growing in Asia, to keep humming in the foreseeable future.Looking for real estate for rent in Sihanoukville  or real estate for sale in Sihanoukville?Want to learn more about Sihanoukville? Check out Sihanoukville Property Market Rising Fast and Sihanoukville Infrastructure and Tourism Trends now!

Savills Hotels Asia Pacific, one of the world’s top real estate and hotel consultants, successfully hosted a seminar on “Emerging Trends and the Future of Cambodia’s Hospitality Industry”.More than a hundred attendees representing the local hospitality industry and allied sectors attended the gathering held at Sofitel Phnom Penh on 29 August 2018. Savills Asia Pacific Hotels organized the event in partnership with the Ministry of Tourism, Archetype Group, Keystone Property Consultants, Hilton, InVision Hospitality, Withersworldwide, and Bun & Associates.Most attendees described the event as a good learning experience. From the event, they got a clear glimpse and good understanding of emerging and prevailing trends in Cambodia’s hospitality sector, including 1) Local and Regional Hospitality Market Updates and Megatrends; 2) Branded Residences and Condotel Products; 3) Development of Design and Boutique Hotels; 4) Traditional and Alternative Brands; and 5) Vacation Home ProductsA parade of local and international experts, led by a top official from Cambodia’s Ministry of Tourism, were on hand to inform and enlighten the audience about some of the most consequential changes undergone by the Kingdom’s hospitality industry.The Cambodian hospitality industry underwent a lot of changes in the last several years. It was said that never before has the hospitality industry experienced so much disruption with the advent of new breeds of travelers, leaps in technology and the emergence of new accommodation habits, tastes and approaches to travel.Cambodia is slowly evolving back to being a high-end destination, thanks to a booming luxury accommodation sector buoyed by the entry of such famous international brands as Sofitel, Raffles, Intercontinental, Marriott, and Six Senses.Preferences have also changed. Many visitors, especially the more wealthy ones, now prefer Condotels or Branded Residences, instead of the traditional hotel. The Chinese have also supplanted Americans and Europeans as the top customers of the Kingdom’s tourism sector.  In his talk, Thong Rathasak, Deputy Director-General of the Ministry of Tourism, laid out the current tourism statistics and what Cambodia expects in terms of foreign visitors in the next several years.Last year, Cambodia received more than 5 million visitors, a figure that is expected to rise to 6.2 million by the end of 2018. Mr Thong said arrivals will more than double in the next 10 years. “We are expecting more than 15 million foreign visitors by 2030,” he stressed.Mauro Gasparotti, Director, Savills Hotels, Asia Pacific, who delivered a lecture entitled “Megatrends and Development Opportunities”, noted that the hospitality sector plays a big role globally. “Speaking of the industry, one of ten people work in hospitality. Also, it represents 10 percent of the global GDP. Hospitality is one of the world’s largest industries,” he stressed.  For their part, Christian Pucher, Director of Development Asia for Hilton Worldwide, and Kevin Beauvais, Founder and CEO of InVision Hospitality, pointed out that Cambodia has gone a long way to become a favorite destination for investors in the hospitality sector. Hilton and InVision have both expressed plans to enter the Cambodian market in the near future.“The Government is working overtime to attract more foreign investment in the country, so we can expect to see many more hospitality projects being developed in upcoming years,” Mr Pucher declared.“Things have really improved. There is better road infrastructure and better airports, and the authorities and private sector are working together,” Mr Beauvais added.A panel discussion on “Condotels and Branded Residences” moderated by Lada Shelkovnikova, Partner, Withersworldwide, concluded the event. Leading the panel was Michel Cassagnes, Managing Director, Archetype Cambodia, who was joined by Sunny Soo, Managing Director, Keystone Property Consultants; and Ing Sophealeak , Partner, Bun & Associates.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?

Urban Asset Solutions formally launches in Cambodia. Known as UAS, UAS specializes in the retail sector providing retail services including Mall Management, Retail Leasing, Mall Marketing and Retail Consultancy Services.Urban Asset Solutions (UAS) enters the Cambodia market at a time of rapid growth in the retail sector with many new retail projects planned or already under development.Realestate.com.kh sat down with Simon Griffiths, Managing Director of UAS to understand more about UAS, the timing of the company launch and the growing retail sector in Phnom Penh and beyond.REAKH: Can you explain more about Urban Asset Solutions (UAS) and the services UAS provides?SG: Urban Asset Solutions (UAS) is a commercial real estate firm specializing in the retail sector. UAS’s core services are retail leasing and retail centre and mall management. UAS has brought new inter- national brands and flag-ship stores to Cambodia and completes on average 15 retail leases, equating to over a 1,000 sq.m, each month but when you consider that more than 200,000 sq.m of retail space will come on-line in Phnom Penh over the next 2 years, UAS wants to expand our leasing capability to double or triple the current amount and we are focused on achieving this.Our mall management platform is unique in Cambodia. UAS provides a Total Mall Management Platform whereby UAS is able to act for the landlord undertaking all mall management functions including, retail leasing, mall marketing, accounting to international and industry standards and the strategic and property management of the mall.We found many developers want to focus on their core strength which is property development and often do not want to take on large mall management teams for each and every project. This is especially true for retail centres and malls as retail as a property ‘use class’ are the most strategically complex asset to manage and require specialist teams and knowledge.REAKH: You say UAS is transacting leases each month. Which retail projects are UAS working on?SG: UAS provides retail leasing services to The Bridge Mall where UAS has become the leading retail agency in terms of actual square meters leased and number of leases completed. If you or your readers would like to visit and see inside The Bridge Mall let me know as you can visit and see the design concept complete. It is going to be an exciting addition to Phnom Penh’s retail scene. The interior design concept is unique for Cambodia and I think that it is going to be something that people really enjoy.UAS is also the leasing and managing agent for the Riverside Entertainment project ‘WB Arena’. We have been involved with WB Arena from the concept stage providing retail consultancy on positioning, pricing, target market and followed through on our retail consultancy by providing leasing services and in 2 months UAS becomes the Retail Management Company providing UAS’s ‘Total Mall Management Platform’.We have now started discussions with a number of other developers on how to offer UAS’s service at their projects but I cannot share any more on that for now.REAKH: Do you foresee challenges in the retail sector over the coming months and years?There will be challenges. The supply of retail space in the market will exceed the requirements from tenants in the short to medium term... essentially a tenants market is on the horizon if not here already. The advantage for retailers, rents become more competitive, the risk, not all retail centres will be a smash hit success, so the retailers have to choose carefully and take educated guesses on where to place their next stores. Retailers consider the development concept and design, tenant mix, price and pricing strategy, mall positioning, anchor tenants and attractions, location and mall management among other factors to make a decision on whether they think a retail project will be a success.Developers and landlords have to compete for these retailers and try to attract them ahead of their competition and to do this they must be aware of what retailers are demanding and what competing retail centres and malls are offering. This is where at UAS we believe we are well positioned to help and provide services and expertise to developers and landlords to give them every chance of success for their malls and retail centres.REAKH: It sounds like there may be oversupply in the retail sector?The nature and culture of retail in Cambodia is changing. Consumers attitudes to shopping in malls is undergoing rapid change and the young population of Cambodia, the millennial population, by far the largest de- mographic group in the country are embracing malls and this trend will continue and grow. Retail brands big and small are entering Cambodia at a faster rate than ever experienced seen before, so more retail space is required. Yes there are challenges, there are challenges with all property types but at the same time it is a very exciting time for the retail sector.REAKH: Does UAS have any plans to expand into other sectors?As mentioned, we are expanding our retail core strengths in retail leasing and mall management. With our mall management platform, leasing and marketing capability it is feasible UAS could enter into the commercial office market but for now our focus is on the retail market.Simon Griffiths, Managing Director, Urban Asset Solutions (UAS), speaking with Khmer Times this week on the launch of UAS and his thoughts on the retail sector.simon@urbanassetsolutions.comRealestate.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 Cambodian real estate sector has been growing tremendously in the last few years. In Phnom Penh, Siem Reap, Sihanoukville, Poipet, Bavet, Kep, and other parts of the country, there is a flurry of non-stop construction work going on as massive investments, mostly from China, fuel a roaring building boom.For instance, in the capital city of Phnom Penh, there is a long list of residential, commercial, and mixed-use developments recently completed, underway, in the pipeline, or in the drawing board.Consequently, there is constant and growing supply of condos, apartments, borey units, and other residential units. With more Cambodians being lifted out of poverty by one of Southeast Asia’s fastest-growing economies, demand for the same properties is also growing.The value of real properties, particularly in the most-developed areas of the country, has also gone up, though comparatively cheaper compared to those found in neighboring countries.Despite forecasts of a property market crash in the near future, the general consensus among local property experts is that the Kingdom’s real estate sector is headed in the right direction. In the next half-decade, growth in Cambodia’s property sector is expected to be mainly in condo and borey developments, foreign direct investment, land price, demand, and supply.Soth Virak, CEO of Huttons CPL, said Cambodia benefits from relative political stability and continuing foreign investors’ confidence.  The just-concluded national election gave the ruling Cambodian People’s Party (CPP) another five-year mandate to run the Kingdom.“I think Cambodia’s real estate industry will keep moving forward in the next five years, “he said.Mr Virak explained that developers often look at economy, society, technology, and political stability when investing in the property market.” Political stability is the main factor they look into,” he stressed.Echoing Mr Virak’s outlook, James Hodge, Associate Director at CBRE, said that in the next few years the property market will offer a breadth of options across all grades and will be able to compete in terms of quality with other centres across the ASEAN region.“International serviced apartment operators will be more prevalent and a few of the most forward thinking local real estate companies will have blossomed into market leading,” he stressed.As for supply, Mr Virak said he expected that the current upward trend will hold in the foreseeable future.  “Supply will continue to increase where more than 10 million square meters will reach the market every year,” he said.James Hodge, Associate Director at CBRE Cambodia, agreed with Mr Virak’s forecast. “Supply is on the up across all sectors and we see no slowdown in this trend so long as the economy continues to pursue its current growth path,” he said.“Project launches may continue to be small in number but the scale of the projects is set to increase, especially as the large Chinese developers establish themselves and their brands in the Cambodian market,” Mr James added.Likewise, both property experts agree that demand will not slow anytime soon.Mr Virak said that both local and expats will continue buying properties in the Kingdom where the middle to low class housing project with low to interest free will be the big market.Over the next five years, according to Mr James, both local and Chinese backed demand and supply are likely to be the biggest influencing factors on the Cambodian real estate sector.Mr James said the foreign investment outlook for the Kingdom’s property sector also looks good.“Investment in manufacturing and infrastructure will still be largely dominated by foreign players,” he noted.His view is backed by Mr Virak, who said that in the next 5 years he expects China to continue to be the leading property investor in Cambodia, followed by Japan, Korea, Malaysia and Vietnam.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?

Strongly Push and Sell Yuetai Phnom Penh Harbour Phase 3Prosperous Shops Close to the Main Road, Yuetai The Garden Shops On 26th August 2018, at No. 182, Sihanouk Blvd, Phnom Penh (opposite to Cellcard), Yuetai Group hosted the Opening Sell for Phnom Penh Harbour Phase 3 Prosperous Shops Close to the Main Road, Yuetai The Garden Shops. There were lots of people waiting outside before the Opening! Once it started, people came crowding in to rush to Purchase!Yuetai Phnom Penh Harbour Pase 3 shops sold out within 72 hours in last two times selling, so Yuetai Group quickly pushed to sell the popular shops again to satisfy the market!YUETAI Group, from Guangzhou to Hongkong, to Southeast Asia, and the world, has finally made a stop in Cambodia.YUETAI International Group has taken root in the Kingdom of Cambodia for 7 years now and is closely related to local political leader high ranking officials and military heads. And through deep ploughing of Cambodia, it will advance to develop in Vietnam, Thailand, Burma and other Southeast Asian markets, and later, strategically develop the Globe.With a unique location, beside the Royal Palace and alongside the Mekong River, Yuetai Phnom Penh Harbour is the first property in Phnom Penh combining harbour business, tourism and high-level service centertogether to be a Cambodian landmark. There will be a super large shopping mall, riverside tourist square, the only passenger harbour in Phnom Penh, culture & art business street alongside the river, Mekong River&Angkor culture&art exhibition center above the water, specialized theme business street, floating ferris wheel, culture&art performance field, harbour park, culture&art garden as well as Phnom Penh tourist center.Yuetai Group focuses on building a commercial complex, bringing into the cultural element, tourist element, artist element, and historic element, to offer the world a complex with the most elements, to let the world know more about Cambodia and its Angkor culture.Yuetai The Garden possesses a wonderful location- around the Phnom Penh International Airport and Veng Sreng Blvd, with a luxurious facility.There will be 9 buildings, with fine-decorated apartments from 35 m2 to 130 m2, hotel, SOHO, commercial plaza, official buildings to create a cozy and comfortable area for people living and working here.Address: No. 689 Preahsaisovath Blvd, Sangkat Sreah Chak, Khan Daun Penh, Phnom Penh. Property Address: Vimean Sopheak Mongkul Center, Veng Sreng, Phnom Penh, Cambodia Google map to search: Yuetai The Garden Sales CenterGet more information about Yuetai project and learn more about Cambodia’s newest developments by visiting Realestate.com.kh!

ARATA Garden Residences is a large-scale landscaped development that brings the best in Japanese construction design, ingenuity and technology to Cambodia.ARATA is Creed Group’s third project in Cambodia. Creed is also the developer of Borey Maha Sensok, the first and largest Japanese borey (gated community) project in the Kingdom, and Bodaiju Residences, which is located opposite the Phnom Penh International Airport.Creed is a Japanese property developer and investor. Established in 1996, it has completed hundreds of projects in Japan, Vietnam, Cambodia, Malaysia, Indonesia, Myanmar, Loas, Bangladesh, and other countries.Creed originally set out with the mission of providing “Japan Quality to emerging nations in Asia.” Creed started investing in Asian property in 2012.ARATA was designed by Japanese architect Hisaya Sugiyama, the Founder and Owner of Quincy Studio. Sugiyama, who has a Master of Architecture degree from Harvard University Graduate School of Design, has designed a long string of iconic projects in the United States (US), Bangladesh, Japan, France, Cambodia, and other countries.Creed is developing ARATA as a modern residential development surrounded by natural green atmosphere.To create and sustain a pleasant atmosphere in the area, Creed is working to ensure that the thick and abundant greenery surrounding ARATA will be sustained for a very long time. Its ultimate goal is to create a life in luxury, convenience, and comfort in the midst of the city that is only a pipe dream for most people.Creed is developing ARATA in partnership with local investor, Triple Gem Assets, and Japanese investor and condo developer, Hoosiers Holdings.ARATA (Phase 1) comprised of more than 500 units, including Shop Houses (A&B), Twin Villas, Link Villas (A&B), and Luxury Villas. ARATA is built on a 7-hectare prime lot. There is luxury of space to in and out of the houses.ARATA has an excellent array of amenities, exclusive to its residents, which made it among the best and most exciting mixed-use developments in the entire Kingdom. These are Playground, Badminton Court, Swimming Pool and Kids Pool, Gym, Coffee Shop, Garden, Security Guard, Mini-Mart, and Shuttle Bus.Residents will only have to walk a few steps to go to the Coffee Shop, have a drink, and relax after a busy day. They can also play Badminton, have a dip at the Swimming Pool, and for fitness buffs, exercise at a well-equipped Gym.  Their kids, meanwhile, will have the Playground and Kids Pool for their own activities.For shopping, residents can go to the Mini-Mart, or they can avail of a Regular Shuttle to Cambodia’s newest and biggest shopping complex, Aeon Mall 2.ARATA is located in Sangkat Khmounh, Khan Sen Sok, one of the best and most ideal residential/commercial locations in the heart of Phnom Penh. The area is growing fast, thanks to a visionary Master Plan by the Government. Aeon Mall 2, Makro Wholesale Store, TK Avenue, Camko City, National Bank of Cambodia, and a string of topnotch international schools are also easily accessible.ARATA supports the coming Realestate.com.kh EXPO 2018 as one of the exhibitors.  ARATA sees the Expo as a great way to help and showcase Cambodia’s real estate industry and make it more well-known not only locally, but also to the outside world.  Now on its third edition, the event has cemented itself as the biggest and most successful real estate show in the Kingdom.Get more information about ARATA Garden Residences and learn more about Cambodia’s newest developments by visiting Realestate.com.kh!

A forum on emerging trends and the future of Cambodia’s hospitality industry will be held this coming Wednesday, August 29, at Sofitel Hotel.The main feature of “Meet the Experts/Cambodia” will be presentations by industry experts on a variety of topics and issues surrounding one of the Kingdom’s most important sectors.  Organizers said the event will be good for developers to discuss and learn more about the changes and trends in Cambodia’s hospitality industry and the approaches envisioned, proposed or being implemented to adapt or to take advantage of them.From the event, attendees will learn and will have the opportunity to discuss with experts a slew of exciting trends in Cambodia’s hospitality sector, including: 1) Local and Regional Hospitality Market Updates and Megatrends; 2) Branded Residences and Condotel Products; 3) Development of Design and Boutique Hotels; 4) Traditional and Alternative Brands; and 5) Vacation Home Products.Leading the speakers are Thong Rathasak, Deputy General Director of Ministry of Tourism. Mr Rathasak will talk about “Cambodia Hospitality Market Updates”.In the last few years, Cambodia’s hospitality industry has experienced rapid growth, mainly buoyed by a vibrant tourism industry. Cambodia is receiving an average of 5 million tourists every year and is expecting 6 million foreign arrivals by year end. Consequently, the number of hotels, guesthouses, and other industry-affiliated establishments in the country drastically increased. At the end of 2017, there were 781 hotels in the Kingdom, 134 more than the previous year. For guesthouses, it increased from 1,996 to 2,255. There were also 2,239 restaurants, 881 entertainment centers, and 619 tourist agencies.Other speakers include Mauro Gasparotti, Director Savills Hotels, Asia Pacific; Christian Pucher, Director of Development Asia, Hilton Worldwide; and Kevin Beauvais, Founder and CEO, InVision Hospitality.Mr. Gasparotti will talk about “Megatrends and Development Opportunities. Mr Pucher’s lecture will be on “How to Compete in Fast Evolving Markets: Traditional and New Brands”, while Mr Beauvais will speak about “Design-Oriented Hotels and Limited Service Models”.The Cambodian hospitality industry underwent a lot of changes in the last several years. It was said that never before has the hospitality industry experienced so much disruption with the advent of new breeds of travelers, leaps in technology and the emergence of new accommodation habits, tastes and approaches to travel.For example, there is a growing preference, especially among the wealthier visitors, for Condotels or Branded Residences, instead of the traditional hotel. Also, the majority of foreign visitors to Cambodia are now Chinese.Such disruption requires alternative accommodation models and presents opportunities for nimble and progressive developers looking for competitive advantage.There will also be a panel discussion on “Condotels and Branded Residences”, which will be moderated by Lada Shelkovnikova, Partner, Withersworldwide. The panelists are Michel Cassagnes, Managing Director, Archetype Cambodia.; Sunny Soo, Managing Director, Keystone Property Consultants; and Ing Sophealeak , Partner, Bun & Associates.A Condotel is a condominium project operated as a hotel, with a reception desk, room service, and other services and amenities available or offered in hotels. Branded Residences, meanwhile, are residential developments incorporated into a hotel with a brand name.  Occupants of Branded Residences have access to the facilities, luxuries, and services of attached hotels.Just like with Condotels, Branded Residences are becoming more popular in Cambodia, and the market for them here, while still relatively small, has been growing continuously, with more hotel operators, including such well-known names as Starwood and Four Seasons, offering Branded Residences. More often than not, these Branded Residences are built as part of mixed-use developments.The event, which doubles as a Networking Night, is a collaboration between Savills Asia Pacific Hotels and Ministry of Tourism, Archetype Group, Keystone Property Consultants, Hilton, InVision Hospitality, Withersworldwide, and Bun & Associates.Established more than a century ago in the United Kingdom, Savills is one of the world’s largest real estate firms, with more than 600 offices in North America, Asia, Europe, and other parts of the world. Savills is also a major global hotel developer.The event is limited to invitation only, subject to confirmation on available seats. If you are interested in attending, please contact:Ms Shuly on +855 (0) 77 774 777 or  shuly@keystone-savills.asia

With Cambodia’s economy showing no signs of slowing down and a building boom in full swing, local and international real estate developers are flocking to Cambodia in record numbers.In Phnom Penh, Siem Reap, Sihanoukville, and other urban areas developers are buying up or leasing land to build an array of residential, commercial, and mixed-use developments. In Phnom Penh, land along the major thoroughfares are particularly hot items. Areas along Monivong, Norodom, Russian, and Mao Tse Tung Boulevards are slowly being saturated with high-rises, boreys, etc. There is construction work going on in many stretches going in and out of the city.Lately, one particular stretch is rising above the rest in terms of attractiveness and drawing power: land along Hun Sen Boulevard.Intended to reduce traffic congestion in the city’s south, the 60-meter wide and nearly 10 kilometers long Hun Sen Blvd. is Phnom Penh’s largest and one of its most important road connections. It connects Street 271 in the north with National Road (NR) 2 in the south. Hun Sen Blvd. is an integral part of Phnom Penh’s 2035 Master Plan, which aims to improve resident’s living conditions as the capital continues to expand and develop.Ken Lo, Chairman and CEO of Century 21 Imperial Realty, said several major development projects have been built or are under construction in the area.Leading these is the 2,600 hectares ING City, the largest development in Cambodia. Also one of the largest in Southeast Asia, ING City, whose development is ongoing, comprises of residential, commercial, and retail facilities.Major borey (gated community) projects like Borey Chip Mong, Borey Piphup Thmey, and Borey Peng Hout are also located along Hun Sen Blvd.Mr Lo said that Chinese investors are also buying huge plots of land for the construction of residential and commercial centers.  The 7.6-hectare Urban Village, 2.1-hectare Lingnan Garden, and  R&F City are major mixed-use projects being developed by leading Chinese property developers or their local affiliates on prime lot along the Boulevard.There are also reports that Japanese developers are planning to build the third Aeon Shopping Mall in the same locality.Jessie Mao, Planning Executive of R&F City, said their studies found that the southern part of Phnom Penh, where a big part of Hun Sen Blvd. runs through, is the most ideal location for property development.“While there have been an increase, land there still costs less compared to those found in parts of the city. There is a big potential for more development there. Southern Phnom Penh will definitely become the new city center,” she stressed, noting that at this time space is getting smaller and land is getting more expensive in central Phnom Penh.Hun Sen Blvd. stretches across three sangkats: Chak Angre Leu and Chak Angre Krom in Khan Meanchey and Cheung Ek in Khan Dankao. The 2018 (1st half) Phnom Penh land price report of Key Real Estate, shows that the average prices of commercial land in Chak Angre Leu and Chak Angre Krom are $1,650/sqm and $1,250/sqm, respectively, while in Sangkat Cheung Ek commercial land is priced at $600/sqm on average.Sorn Seap, Founder and CEO of Key Real Estate, said Hun Sen Blvd. greatly contributes to the area’s real estate growth. He said the area’s popularity and development will increase if major infrastructure projects will push through, referring to the proposed Ring Road and new international airport in Kandal Province, which is only a few kilometers away from the Boulevard.The entry and interest of more developers have led to higher land prices in the area, a development not lost on Mr Lo. “Land is more expensive compared before.”The price of land in-between Road 271 and Borey Peng Hout increased to $2,000/sqm from last year’s $1,000-$1,200/sqm. Between National Road (NR) 2 and Borey Peng Hout the price of land is now $800-$1,500/sqm, up from $400-$1,200 recorded in the end of last year.Looking for real estate for rent in Meanchey​ and looking for real estate for sale in Meanchey? Check out at Realestate.com.kh today!

The Daun Penh, 7 Makara, and Chamkarmon Districts, all in central Phnom Penh, have the most expensive land in Cambodia’s capital city.This was according to a recently-released report of Key Real Estate. The Report covered land prices across Phnom Penh in the first half of 2018.The Report noted that Daun Penh, a commercial hub, has the most expensive lot. Residential plots are selling at $3,500/sqm on average. For commercial land, the average price is $6,100/sqm.Within Daun Penh, the Sangkats of Phsar Thmey 1,2, &3 has the most expensive commercial land, selling at $9,000 per sqm on average. For residential land, Sangkat Phsar Chas registered the highest price at more than $4,000/sqm.Sorn Seap, Founder and CEO of Key Real Estate, explained that the main reasons for this are the mature real estate market and high land prices registered in each and every Sangkat in the District.“It is the oldest developed area and it hosts three markets,” he stressed, referring Phsar Chas, Phsar Kandal, and Phsar Thmey. “Popular tourist destinations like Royal Palace and Riverside area also in the area.”7 Makara, another commercial center, has the second most expensive land in Phnom Penh. Residential plots in the area are selling at $3,300/sqm, while commercial land at $5,400/sqm.Within 7 Makara, Sangkat Orussey 1,2,3 & 4 have the most expensive commercial land ($6,000/sqm), while Sangkat Boeung Prolit have the most expensive residential land priced close to $4,000/sqm on average.Chamkarmon is third in rank. Average price of residential and commercial land in the District are $3,000/sqm and $5,100/sqm, respectively.The cheapest land in Phnom Penh can be found in the suburbs. Prek Pnov District to the north has the cheapest land available, with residential land, on average, selling for $100/sqm and commercial land $340/sqm.Dangkao District to the south, meanwhile, registered $100/sqm average selling price for residential lot and $280/sqm for commercial land.On average, land prices in central Phnom Penh largely remained unchanged compared to the same period last year. This was in contrast to land prices in the suburbs of the capital, which are growing fast.According to the Report, Toul Kork, Sen Sok, and Prek Pnov Districts, registered the highest land prices increase. Land prices in those areas increased by 6.3%, 6.7%, and 7.1%, respectively, compared to the same period last year.Mr Seap said that Prek Pnov became an investment hotspot in the last few years. “Many investors and businesses have begun eyeing this location.” Mr Seap said this led to abrupt increase of land prices in the area.Compared to other urban areas in Southeast Asia, Phnom Penh is among the places with the cheapest land, with residential and commercial lots, on average, selling $1,300/sqm and $2,400/sqm, respectively.Looking for real estate for rent in Cambodia and looking for real estate for sale in Cambodia? Check out at Realestate.com.kh today!

Two months from now, the Realestate.com.kh EXPO 2018 will be held over a two-day period from October 19-20 at Phnom Penh’s flashiest venue, NagaWorld Casino and Entertainment Complex.This will be the third time that the event, which has cemented itself as the most prestigious, most successful, and biggest property show in the Kingdom, will be held.This year’s edition of Realestate.com.kh’s EXPO offers more and better benefits to participants and sponsors.Firstly, they will benefit greatly from several months of brand exposure on Cambodia’s leading property website and marketing agency.Realestate.com.kh is no. 1 on Google on real estate search terms, has 49k property listings, 39k email database, 40k editions per year to over 800 distribution points, and has 150k targeted social media followers. Realestate.com.kh has more than 1 million visitors annually (80k/month) and 3 million yearly pageviews (250k/month).This exposure will be in the form of logos on event website, backdrop, and EDM; email and SMS blasts, and special mention on social media (Facebook, LinkedIn, Twitter, Instagram, WeChat, etc.), direct mailers/invitations, and newsletter posts.Secondly, sponsors and exhibitors will be prominently mentioned in print and online publications across the region. They will also be featured in a sustained radio campaign. Our media partners include Thmey Thmey, Fresh News, EuroCham, Property Area, KB Media and BizKhmer.The marketing campaign started first week of August and will conclude several weeks after the event.The event will also be a prime networking opportunity and will give participants and attendees the chance to build an extensive database of potential buyers.Educational seminars on investment climate, hot locations, property ownership laws, and other important topics and issues related to real estate, will also be held. The lectures, which will be conducted by local and international experts, will be in English, Chinese, and Khmer.Over two events last year, the Realestate.com.kh EXPO was graced by more than 100 exhibitors, 10,000 plus attendees, and generated more than $30 million in sales. Organizers are expecting more than 6,000 attendees this time around. Expected attendees include international investors from China, Taiwan, Japan, Korea, Malaysia, Thailand, Singapore, and other countries. Joining them will be locals, and Asian and Western expats living in Cambodia and the greater region.Sponsorship opportunities are divided into three with different rates: Standard Sponsor, Premium Sponsor, and Platinum Sponsor.There are 84 booths, sizes 3mx3m & 3mx6m, up for grabs where participants can showcase mock-ups and blueprints of projects, products, and information about them, their products, and services. There are four types of booths of varying rates: Developer Premium Booths, Developer Standard Booths, Premium Corporate/Agent Booths, and Standard Corporate/Agent Booths.Avail of sponsorship opportunities and reserve your booth now before they are sold out!For sponsorship or exhibitor opportunities at the Realestate.com.kh EXPO 2018, please contact:Khmer and Chinese: nin.kang@realestate.com.kh,   or call +855 93 552 305, +855 78 637 323English: tyler.stuart@realestate.com.kh, or call +855 12 599 669, +855 81 599 669

Cambodia’s northwestern border town of Poipet is fast becoming a rival to Sihanoukville in terms of real estate development.Poipet, which borders Thailand and hosts an important border crossing between the two neighboring countries, is in the middle of a building boom.Casinos, hotels, commercial buildings, and residential developments are going up in different parts of the town, fueled by massive foreign investments and an economic boom. Property values have gone up in many parts of Poipet as a result.A part of Banteay Meanchey Province and occupying 2,620,000 square meters, Poipet is divided into three sangkats, namely: Poipet, Phsar Kandal and Nimeth. The town is home to more than 140,000 residents, both Cambodians and foreigners.Hor Kunthea (Roy), CEO/Chief Executive Officer of Sokha Residences Group, said he was not surprised by the development, noting that the town’s property sector has shown great potential for rapid growth in the last six months.He identified Sangkat Poipet as the area with the best potential. “The other two sangkats also offer good investment opportunities and property values there are also rising,” Mr Roy stressed.According to him, many small and large scale developments have entered or are eyeing to enter into the Poipet property market. “Many investors from the outside are eyeing Poipet as a great investment destination,” he said, noting that this has contributed to the continuing increase of property values and prices.In Poipet, according to Vtrust Appraisal’s 2017 Housing market and Outlook Report, 16 projects were completed last year, releasing 1,694 units into the market. Also, 909 units reached the market in the first half of 2018.Poipet Governor San Sean Ho said there is no better time to develop real estate in the town. We, in the Government, encourages all investors to put their money into various real estate like hotels, guesthouses, residential houses, restaurants, and other facilities for tourists.In Poipet, according to him, there are many existing, ongoing, and projects that are in the pipeline or drawing board. The town is currently hosting nearly 30 casinos, 10 boreys (gated residential community) projects and a number of factories in the Special Economic Zone that produce electronic, clothing, and other products. There are also at least 50 companies subdividing residential plots for resale.Poipet’s first condominium project is now underway. Sokha Residences Group, which will occupy almost four hectares of land, is a combination of condo and boreys. Sokha Residences will have a 21-story building of 543 units with Super Store, Commercial and Office Space, Sports Club, Swimming Pool, Sky Bar, Penthouses, and 287 borey units.Condo units are priced from $27,864 to $1,270,000, while borey units have the selling price of between $30,000 and $50,000 per unit. Sokha Residence is located in the Kilo Lekh Boun, Sangkat Phsar Kandal, Poipet.The Government is also eyeing to develop Poipet’s tourism potential. Mr San said they are planning to develop 500 hectares of land into a premier tourism destination complete with a golf course, artificial river, giant garden, and a floating market. He said that once the project will be built, they are expecting thousands more of tourists will visit Poipet.The above factors, together with the plan of the Cambodian Government to open more border crossings to Thailand, Chinese-funded road along the Thailand-Cambodia border, and the re-opening of the rail link between Poipet and Phnom Penh bode well for further development of the town into an important commercial and industrial hub.“In our Economic Development Plan, we mainly focus on real estate and infrastructure development,” Mr San stressed.He said one of their priorities is to build excellent concrete roads connecting different parts of Poipet.Better roads are contributing to the increase of real estate prices in and around the town. Mr Roy noted that land along National Road (NR) 5 and adjacent to the Poipet roundabout currently fetches between $800 and $1,000 per sqm.In the areas near the border where the casinos are located, land the previously sells between $300 and $500 are now priced from $1,300 to $1,500 per sqm.The influx of Chinese is also another major factor that drove up property values in Poipet. The Chinese were attracted by the town’s investment potential and the availability of affordable land. There are currently more than 10,000 Chinese investors and workers in Poipet and it is expected to have more than 20,000 in 2019.According to Mr San, most of the big hotels in Poipet are being rented by the Chinese. Both Mr San and Mr Roy agreed that the Chinese played a big part in the growth of the real estate industry, and also of property values, in Poipet.Mr Roy said the presence of the Chinese created more demand and drastically increased rents. According to him, a flathouse on some main road that could be rented for as low as between $150 to $200 a month are now available for rent between $600 and $800 per month. A flat along the concrete road, which previously can be rented for less than $150 a month, is now available for rent between $350 and $400.“Poipet’s property sector is growing similar to the one in Sihanoukville,” Mr Roy concludes.Search properties for sale in Poipet and current properties for rent in Poipet!

Phnom Penh’s iconic and important Riverside area will soon host a massive development that will change the face of the city and the Kingdom for the better.Phnom Penh Harbour, as the project is known, is a monumental undertaking stretching several kilometers from the Chroy Changvar Bridge to the Night Market, both of which are prominent spots in Riverside.Stretching several kilometers along the Tonle Sap, Mekong, and Bassac Rivers, the Riverside, which has long been an important trading and commercial area in Cambodia’s capital city, has become a popular attraction and hangout for both locals and foreigners of late, mainly drawn by an excellent array of restaurants, hotels, stores, cafes, bars, and entertainment centers.To be built on 11.8 hectares of land facing the Tonle Sap River, Phnom Penh Harbour will comprise of more than twenty buildings of various sizes and features. These will include multiple commercial spaces, condotels, 5-Star Hotels, Grade A office buildings, large shopping malls, duty-free shops, and market-leading serviced and high-end apartments.There would also be French-style commercial streets that will be similar to what people see in Paris and other major cities of France.The development will also include a jetty and 7,000 parking spaces for people wishing to visit restaurants, retail shops, hotels, etc. in the Riverside area.The buildings and facilities within Phnom Penh Harbour will be built to international standards and are being primed to become the gold standard for such developments, not only in Cambodia, but other parts of Southeast Asia, as well.Phnom Penh Harbour has invited comparisons to Singapore’s own Orchard Road, an iconic development that is both a major shopping belt and prime tourist attraction in the island state.Phnom Penh Harbour had its launching last month. It is being developed by Yuetai Cambodia, one of the country’s most successful and respected property developers. Yuetai Cambodia is the local subsidiary of Guangzhou based and Shanghai listed Guangzhou Yuetai Group.Yuetai Cambodia has several iconic projects under its belt since its entry into the Kingdom in 2011. These include The Garden, East One, East View, and East Commercial Center.Sam Yang, Yuetai Cambodia CEO, said their aim is to make Phnom Penh Harbour unique and stand out among the rest. He said the ultimate goal is to make it a city symbol that will bring what is not known of Phnom Penh or Cambodia to the world.“We want others to know Angkor culture and art through Yuetai. That’s the reason who we put all these elements- cultural, touristic, artistic, and historical elements- together in the project. Instead of making it into a purely commercial space, we actually want to make it one of the best tourist attractions in Cambodia, and even in Asian countries,” he said.Phnom Penh Harbour will be built in four phases and is targeted to be completed in 7 years. The first phase will include the building of the 5-Star White Swan Hotel, which will join the long line of iconic hotels in the country.With Phnom Penh Harbour’s imminent appearance, the Cambodian Government is preparing measures to ensure the smooth flow of traffic in the area. To ease the expected traffic congestion, Sisowath Quay, the road that runs parallel with the Tonle Sap River, will be widened to four lanes.Phnom Penh Harbour is currently in the pre-sales stage.Get more information about Phnom Penh Harbour and learn more about Cambodia’s newest developments by visiting Realestate.com.kh!

In 2017 the Realestate.com.kh EXPO (previously the Cambodia Real Estate Show) welcomed over 100 exhibitors, 10,000 attendees and generated over $30 million in property sales over two separate events. The last show in October 2017 generated over 5,000 attendees & over 133 unit sales.Having cemented itself as the most successful property show in Cambodia’s history in terms of property sales and targeted attendees, the Realestate.com.kh EXPO is returning to NagaWorld on the 19th & 20th of October 2018.Ms Kelly of Creed Group, one of Cambodia’s favourite developers who attended both shows in 2017 said, “The show gathered a large number of potential buyers, there were even more developers this time, and the show was bigger than before.” She also commented that the venue, NagaWorld, was strategically located. Creed Group sold units across all of their three projects; namely Bodaiju Residences and Arata Garden Residences.Mr Tony Yu, Marketing Manager at Orkide Villa, had a similar impression of the show: “We were very satisfied to be a part of the second Cambodia Real Estate show which enabled us to achieve direct sales.” Mr Yu also believes that the show benefited both developers and buyers, and encourages local developers to get on board for the next show.Prince Real Estate Group, who achieved 38 unit sales over the two days as confirmed by their sales manager, now has their Prince Modern Plaza development mostly booked following the show - and were pleased with their result of leading the sales board at the end of the event.Local show favourites Arita Garden (Creed Group), Orkide Villa, Prince Real Estate Group, The Parkway and international favourite Aristo are all returning for 2018, whilst newly launched properties such as Cloud Coast, Phnom Penh Harbour, OneDa and Le Bassac are also some of the early names to come aboard the 2018 event. Real estate agents such as Maxworld are also returning, along with a host of new agencies.The exclusive property seminar sessions will also be returning for the 2018 expo, headed up by one of Cambodia’s leading law firms DFDL. Seminar sessions will include Chinese, Cambodian and Western talks as well as panel discussions covering a range of educational topics including current investment climate, hot locations and property ownership laws and much more.Banking, finance, insurance and proptech will again provide an exciting element to the event with Last Mile returning with their innovative virtual showroom technology for the third time whilst new Proptech companies such as PropEase will be showcasing their app focused on making the handover process a less strenuous process.For sponsorship or exhibitor opportunities at the Realestate.com.kh EXPO 2018, please contact:Khmer and Chinese: nin.kang@realestate.com.kh,   or call +855 93 552 305, +855 78 637 323English: tyler.stuart@realestate.com.kh, or call  +855 12 599 669, +855 81 599 669Don't miss out on the Realestate.com.kh EXPO 2018, Cambodia’s #1 Property Show.

Phnom Penh, Cambodia’s capital city, is seeing a rapid population growth with many people from the provinces coming to live in the city.These people, most of whom belong to the middle to lower class, mainly come to Phnom Penh in search of economic and educational opportunities.According to the Ministry of Land Management, Urban Planning, and Construction (MLMUPC), Phnom Penh’s population is expected to increase to between 4 and 7 million by 2030. Other estimates put Phnom Penh’s population at 7.9 million by the same period.To meet the demands of a booming population, Minister of Land Management Chea Sophara said Cambodia needs to build 1 million more homes by 2030, not to mention a cascade of low-cost rental houses, apartments, etc.Pich Sovann, Director of Phnom Penh Daily Property, said Phnom Penh’s huge population of migrant workers has created a big market for low-cost rentals. Many of these migrants are workers employed in factories, mostly garment factories, in the Phnom Penh area.A majority of the more than 1,700 factories operating in the Kingdom, which employ close to 1 million people, are located in Phnom Penh and its suburbs.Drab apartment blocks with scores of rooms for rent can be found around these industrial zones. These rentals are often barely furnished and only contain the most basic of amenities like electric fans to keep out the Phnom Penh heat. These are rented for less than US$100.“Because they are affordable they are popular with factory workers,” Mr Sovann pointed out.Factory workers earn between US$170 to US$300 a month and allocates US$50 US$80 for rent. It was noted that some of these people even share a single unit with some friends to further minimize the rental cost.Mr Sovann mentioned that most of these low-cost rentals are found in the Phnom Penh suburbs of Boeung Tumpun, Steung Meanchey, Por Sen Chey, and Chaom Chao. There is also a scattering a low-cost rentals that can be found close to the city center.Tang Hour, President of Amatak Property Service, noted that low-cost rentals in the outskirts and suburbs of Phnom Penh are also popular with students and staff of companies, restaurants, hotels, and other businesses that earn between US$200 to US$300 per month.Phnom Penh is home to most of Cambodia’s universities and other institutions of higher learning.Ms Tang took issue of the poor hygiene and security in areas where low-cost rentals are concentrated. “Some locations [outside the central city] need to improve hygiene and security,” she stressed.Soth Virak, CEO of Huttons CPL, agrees that there is a big market for low-cost rentals in Cambodia’s capital city.Noting that a big chunk of the population falls in the under 39 category, he said that many of them go for cheap rental apartments and houses in the meantime while saving to buy their own houses later.“They opt to rent a cheap house before they can afford their own houses,” he said.Mr Virak added that there are people with bigger salaries who opt for low-cost housing. “There are some out there with average earnings of US$500 per month who rent rooms that fetch for US$100-US$200 per month,” he said.These houses, some of which are located in the center of Phnom Penh, are equipped with the most basic of amenities and are devoid of luxurious ones like refined furniture and furnishings.Cost of living in Cambodia is very low. The Kingdom has some of the cheapest housing rentals in the world.Realestate.com.kh has the most up to date information for buyers, sellers and property enthusiasts.Looking for Serviced Apartment for rent in Phnom Penh?

Ministry approves 1,643 construction projectsIn a sign that a roaring building boom will continue unabated for the foreseeable future, Cambodia’s construction and real estate sector, one of the four main pillars of the country’s economy, has drawn US$2.15 billion in investment projects in the first half of this year. The other three pillars are manufacturing (garment) sector, tourism, and agriculture.This was according to the latest report released by the Ministry of Land Management, Urban Planning, and Construction (MLMUPC). The MLMUPC is the government agency that is in-charge, regulates, and keeps track of real estate developments in Cambodia.The same Report noted that from January to June 2018 MLMUPC approved a total of 1,643 projects on 5.35 million square meters of land.With the current trend, it is very much conceivable that Cambodia will surpass the number of approved projects and total construction investment recorded last year. In 2017, a total of 3,052 projects on 10.74 million square meters of land worth a combined US$6.42 billion were given the go-signal by the MLMUPC.China is the leading real estate investor in Cambodia, followed by South Korea and Japan. Taiwan, Singapore, Malaysia, and Taiwan also have substantial real estate investments in Cambodia.Leading Chinese real estate developers and investors like Prince Real Estate Group, Guangzhou Yuetai Group,  Guangzhou R&F Properties, and Jiayuan International Group have major property projects underway or in the pipeline in different parts of the country.South Korean real estate investors in Cambodia include Booyoung Town, Yon Woo Co., Ltd., and World City Co. Leading the Japanese pack is CREED and Arakawa.Seng Loth, MLMUPC spokesman, told the media that residential, commercial, and mixed-use developments have sprung-up in different parts of the country in the last five years. He said these include high-rise buildings, new towns, and residential complexes.While Phnom Penh, Siem Reap, and Sihanoukville have the majority of real estate projects, major projects have long sprung-up in up-and-coming areas like Koh Kong, Kep, Battambang, and Poipet on that Thai border.From a few hundred five years ago, Mr Seng, noted that Cambodia now hosts nearly 1,000 high-rise buildings (5-54 floors) and 200 locations of new towns and residential complexes. Once-empty skylines have given way to high-rises as the building boom in Cambodia continues.Major real estate developments that were completed or underway in Phnom Penh include The Palm, Prince Central Plaza, The Parkway, CEO KT Pacific, and The Bridge. In Sihanoukville, the list includes D’Seaview, Blue Bay, and SeaGate Suite. From Siem, the most prominent includes Heritage Walk and a host of borey (gated community) projects.Mr Seng credited peace, relative political stability, business-friendly environment, and incentives as the main reasons why investors are not afraid to invest billions of dollars in Cambodia’s property sector. Others cite Cambodia’s rapid economic growth as another reason for investors’ confidence in Cambodia.Buoyed by agriculture, tourism, manufacturing (garment), and construction /real estate sector, Cambodia’s economy has grown by an astonishing average of 7 percent in the last five years, the biggest in Southeast Asia.Last year, the manufacturing (garment sector) accounted for the lion share of Cambodia’s US$22 billion gross domestic product (GDP) at 30 percent, followed by construction and real estate  29 percent, agriculture 25 percent and tourism 13 percent.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?