2 premier serviced apartments by Oakwood to debut in PP next yearOakwood Worldwide, a premier global corporate housing and serviced apartment provider, will soon have a presence in Cambodia.Media reports disclosed that the company is planning to open three properties in Indochina next year as part of its regional expansion. One of these will be in Vietnam, while the rest will be in Cambodia.Dean Schreiber, Oakwood Worldwide (Asia-Pacific) Managing Director, noted the company’s strong performance in China and Japan and said they are thrilled to have a bigger presence in Southeast Asia.The company also sees the golden investment opportunity presented by both countries to those in the hospitality and housing business. The economies of Vietnam and Cambodia are among the fastest-growing in Southeast Asia in recent times. Mainly buoyed by massive investments in the property and manufacturing sectors, the Cambodian economy has grown by an average of nearly 7 percent in the last decade."Cambodia and Vietnam have been rapidly developing with healthy economic growth rates and this is an opportune time for Oakwood to establish itself as we foresee increasing demand for long-term accommodation,” Mr Schreiber stressed.The two properties that Oakwood plans to have in Cambodia are Oakwood Premier Phnom Penh and Oakwood Hotel & Residence Phnom Penh. Both are slated to open in the middle of 2019.The two developments will bring a combined 388 units (220 for Oakwood Premier Phnom Penh and 168 for Oakwood Hotel & Residence Phnom Penh) of hotel rooms, penthouses, studio-type, and one-, two-, and three-bedroom apartments to the market. These will also feature luxury amenities like swimming pool, restaurants, meeting places, lounges, and children’s playroom.Both developments will be located in One Park. One Park is a new mixed-use development in the heart of Phnom Penh, which boasts of residential towers (with condos, serviced apartments, etc.), office and retail spaces, medical facility, and an international school.Oakwood Premier Phnom Penh and Oakwood Hotel & Residence will join a long list of hotel and serviced apartment developments in Phnom Penh, which include Himarawi Hotel Apartments, Central Mansions, Embassy Place, and Maple Leaf.Oakwood Worldwide was acquired last year by Mapletree Investments, a leading Singaporean real estate, investment, and capital management company. Based in California, USA, the company has a presence in the United States and 55 other countries.Looking for Service Apartment for rent in Phnom Penh?Looking for real estate for rent in Cambodia or real estate for sale in Cambodia?

The Cambodian Government will further expand its sole deepwater seaport to accommodate more and bigger ships.Minister of Transport Sun Chanthol recently disclosed to the local media that they are working at further expanding the Sihanoukville Autonomous Port (PAS), turning it into an intermediate-scale standard port in the next few years.According to the Transport Minister, the expansion, which will entail the construction of another container terminal, will enable the port to handle more than 1 million TEUs (twenty-foot equivalent units). The existing port capacity stands at more than 500,000 TEU. While the biggest in the Kingdom, it is much lower compared to the capacity of major ports of neighboring countries.The expansion will also enable the Sihanoukville port to receive ships of more than 60,000 tonnes. At present, the port can only receive and handle ships of much lesser size and tonnage.  The proposed new container terminal will have a depth of 14.5 meters and a length of 350 meters. Funding is courtesy of a US$209 million soft loan from the Japan Government through the Japan International Cooperation Agency (JICA).Construction of the new terminal will commence next year and targeted to be completed by 2023.Owing to its importance and with Cambodia’s economy growing, the Sihanoukville port has been continuously upgraded and expanded in the last few years.  The port is the Kingdom’s most important trade gateway. Cambodian’s most important export products like garments, rice, and rubber are mostly shipped from there.The Sihanoukville port handles more than 70 percent of Cambodia’s container traffic.  Last year, the Sihanoukville port handled 459,835 TEU.The seaports of Laem Chabang, Klong Yai, and S. Kittawan in Thailand and Cai Mep in Vietnam also handles a large volume of Cambodian cargo.Expansion of the Sihanoukville port means less reliance on these foreign ports and less burden for Cambodian shippers, who have to contend with additional customs inspections.Last month saw the inauguration of a new multi-purpose terminal at the Sihanoukville port. With a depth of 13.5 meters and length of 330 meters, it allows for the berthing of much larger vessels. The facility doubles as a logistical base for tugboats and oil exploration.Funding for the US$74 million project was shared by the Cambodian and Japanese Governments. It was constructed by TOYO Construction Co., Ltd. and MAEDA Corporation of Japan.The addition of the new Japan-funded terminal brought to 9 the number of terminals at the Sihanoukville port, with a total combined length of 1,660 meters.Occupying 125 hectares of land in the southwest corner of Cambodia, the Sihanoukville port was constructed in 1956 and started operations four years later. The port is safe from typhoons, tsunamis, and other natural disasters.Search properties for sale in Sihanoukville and current properties for rent in Sihanoukville!See Realestate.com.kh's The Ultimate Guide To Sihanoukville for a complete overview of Sihanoukville.

Guangzhou R&F Properties is one of the top property developers in mainland China. Established in 1994, it was listed in the Hong Kong Stock Exchange in 2005 and was the first Chinese real estate developer to become a member of the Hang Seng China Properties Index.Following the ‘One Belt, One Road’ and ‘21st Century Maritime Silk Road Initiatives, the company entered the Cambodian real estate sector last year.In the meantime, R&F Properties achieved record sales for its property ventures. For the single month of June 2018, the Group’s sales revenue reached RMB 13.39 billion (US$2.04 billion) and sales area to 977,800 square meters. Compared to the figures recorded in the preceding month, the sales revenue and sales area increased by 29% and 19%, respectively. Compared to the same period last year, they increased by 63% and 77%.From January to June 2018, the Group achieved total sales revenue of RMB 56.96 billion (US$8.63 billion) and sales area of 4,413,900, representing an increase of 47% and 50%, respectively, compared to the same period last year. Sales revenue and sales area from overseas projects totaled RMB 2.08 billion (US$310 million) and 98,500 square meters, respectively.Zhi Hao Chan, Assistant to Chairman of R&F Properties, said the Group’s June 2018 sales were extraordinarily high, being the largest recorded by the company in a single month. Growth in sales was stimulated by the launching of nine new projects at the same time.Mr Zhi, likewise, noted that their strong sales in the first half of 2018 and optimistic projections for the next several months will ensure that company sales targets for this year will be achieved.R&F City in Phnom Penh is R&F Properties first project in Cambodia. With a building area of 760,000 square meters, it is set to become another landmark in the Kingdom. We highlight here some of the distinct qualities and advantages of R&F City, a landmark project that is sure to make waves in a highly-competitive sector.*Potential1. R&F Properties is listed as one of China’s top-ten iconic property developersR&F City is conducted by an excellent development team of R&F Properties who has been dedicating to luxurious quality real estate development for 24 years and has built a series of comprehensive business areas, from construction design, development, supervision of engineering, marketing, sales, property management to real estate agency.The Group originated in Guangzhou City, expanded nationwide and now has a global presence. The company strategically entered into the real estate sectors of Malaysia, Australia, Britain, and Cambodia. To date R&F Properties has built and developed more than 220 landmark projects in 50 plus regions and cities around the world.In 2017, the Group acquired 77 hotels from the Wanda Group. In the next two years, the company will own more than 100 hotels in 76 cities and is expected to become one of the world’s largest luxurious hotel owners.Projects built, developed, and managed by R&F Properties are known for their quality, reliability, and beauty. It offers a rich variety of services from property management to real estate design, sales, engineering supervision, and development.2. Locationa. Future Phnom Penh international business center.b. Situated along an investment hotspot- Hun Sen Boulevard.c. Only 10 km away from the proposed new Phnom Penh International Airport.d. Only 3 km away from PH Diamond Mall and PH Eco Mall, two soon-to-open shopping malls in the heart of Phnom Penh.e. Only 1 km away from ISPP, a top international school in Cambodia that offers the globally-celebrated IB Curriculum.3. VIP facilitiesa. 30,000 square meters of private gardens, tennis courts, badminton courts and other sports facilitiesb. 50m x 20m international standard swimming pool and  a custom designed pool for children.d. Exclusive clubhouse for residents with entertainment facilities like chess room and billiards room.e. One parking space for one owner - the underground garage ideally separates the vehicles from the foot-tracks.4. World-Class Property Management Servicea. China's first-class Tianli Property Management Team provides high-quality property management services.b. A comprehensive range of property maintenance that is the best option for prime tenants.c. Guarantees an intelligent security system to create a safe, convenient and comfortable community for residents.d. Owner will benefit from secured property rental.Showroom is now open!Everyone is welcome to come, see, and know more about R&F City!Address: No 380, Monivong Boulevard, Phnom Penh, Kingdom of CambodiaFor more info please contact: 018 888 2777Get more information about R&F City and learn more about Cambodia’s newest developments by visiting Realestate.com.kh!

For over three decades, Aristo Developers has been the preferred choice for establishing long-lasting property partnerships in Cyprus. As an award-winning property developer, we are able to offer the most comprehensive real estate solutions, for you and your clients, with the widest range of freehold properties in the most prime locations throughout Cyprus.Aristo Developers Overview- Over 37 years of experience in Property Construction and Real Estate- Over 265 island wide developments with 50 projects currently inthe market- Large-scale investment opportunities- 6 million m² privately-owned land bank- 130,000m² land currently being developed- Representative offices in China, Egypt, Greece, Russia, UAE,United Kingdom and Vietnam- Strong network of global partners- Aristo Developers guarantee delivery dates and title deeds- Excellent after-sales and customer services including property management, landscaping, maintenance, rentals and re-salesIntroducing CyprusAs the safest country in the European Union, and the fifth safest country in the world, Cyprus is an attractive place to do business and a unique place to reside. Real Estate in Cyprus has proven increasingly popular to foreign investors which consist of 25% of the island's investors. Individuals looking to invest through Real Estate, take advantage of Cyprus':- Unique strategic location.- Enviable Mediterranean lifestyle.- Excellent infrastructure and first-rate tourism infrastructure.- High standards of healthcare and education.- Modern airports with connections to all major destinations.The most favourable incentives in the area of property taxation:Zero Property TaxZero transfer fees5% reduced vat policy for first property purchaseZero inheritance taxLow Capital Gains TaxThe future of Cyprus is extremely positive. Significant gas reserves in Cyprus' exclusive economic zone and the creation of the largest European casino in Cyprus will contribute significantly toward the growth of the island's economy, and will attract high net worth individuals and tourism.  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?

There are hundreds of paint brands all over the world. There are thousands of different paint products for sale. One particular brand stands out over the rest: Jotun.Consistent, uncompromising quality is what makes Jotun stand out. For nearly a century, Jotun has built a reputation as one of the best global paint suppliers. Jotun has earned the trust of property developers, homeowners, architects, and others for bringing long-lasting quality and beauty to their designs.Jotun’s reputation for high standards and quality is such that it was chosen for world-famous structures and buildings such as Eiffel Tower in Paris, France; Burj Khalifa skyscraper in Dubai, United Arab Emirates (UAE); Marina Bay Sands in Singapore; Petronas Towers in Kuala Lumpur, Malaysia; and several others in Saudi Arabia and China. Being the world’s No.1 supplier for marine coatings, Jotun also provided the paint used for MS Oasis of the Seas, one of the largest cruise ships in the world.Established in Norway in 1926, Jotun grew fast and soon became a force in the global paint business. Currently, the company is present in more than 100 countries and on all continents.Jotun’s focus is on Decorative paints, Protective Coatings, Marine Coatings and Powder Coatings. To date, it has almost 40 production facilities around the world, including new ones in Oman, Philippines, and Myanmar.Jotun’s reputation for keeping buildings protected and beautiful for a long time followed it when the brand entered the Cambodian market in 2003.True to its core vision of “Jotun Protects Property”, Jotun did not disappoint when it was soon tapped to supply paints for iconic homes and buildings around Phnom Penh and other parts of Cambodia. Jotun supplied the paints used for Exchange Square, International School of Phnom Penh (ISPP), Phnom Penh International Airport, among many others. Jotun was also the paint of choice for many high-end villas and apartments.“In Cambodia, Jotun has served the market for more than 15 years, and trusted by many businesses and homeowners to protect and beautify prestigious residences, luxury hotels and key infrastructure such as oil storage tanks, bridges and power plants,” said Svein Johan Stub, General Manager of Jotun Cambodia.“Looking around Phnom Penh’s skyline today, you will find that the most reputable and valuable properties made the wise decision of choosing Jotun paints. With a dedicated team in the principal company, and a wide retail distribution network – we have managed to gain the trust of building professionals and homeowners who want their properties to stay protected and beautiful. Jotun paints are definitely not cheap by the liter, but we are cheaper in the long run,” he added.Jotun’s successful entry into the Cambodian market, pushed the company to set up a full subsidiary, Jotun (Cambodia) Ltd., in 2011. “This enabled us to better support our customers in Cambodia through professional specification advice, technical service and inspections,” Mr Stub said.For Cambodia, Jotun products are mainly imported from Thailand and Malaysia, with specialty products coming from Indonesia, United Arab Emirates and Norway. “These are tailor made by the company’s Research and Development lab in Southeast Asia to best perform in the tropical climate,” he said.One of these products is Jotashield Colour Extreme, a premium exterior paint designed to withstand the harshest tropical climates and considered one of the most durable paints around. For painting building interiors, Majestic Perfect Beauty & Care, which emits almost no odor and incorporates anti-fungal and anti-bacterial properties, is the gold standard.  While Jotun products are more expensive than comparable items in the market, Mr Tan, Sales & Marketing Manager of Jotun Cambodia, stressed that their uncompromising stance on quality makes them cheaper in the long run.“In the long run, high quality paints end up “cheaper”. Firstly, the major cost component in a painting job is not the paint – it is the manpower, scaffolding and equipment. So over 12 years, for example, even if the paint material costs more, the total cost in the property life cycle is still less than using a low price paint but having to repaint 2-3 times in the same period to maintain the appearance,” he stressed.“Secondly, the owners suffer a loss of reputation, lower rental yields, lost income during shutdown, moving costs and the additional time and energy spent on sourcing and supervision. These are hidden costs incurred when a low quality paint starts looking bad and needs to be repainted. Perhaps most important of all, the peace of mind and satisfaction of a proud owner is priceless,” Mr Tan concluded.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?

Home fitness has come a long way since the days of the old tummy belt or conveyer belt walking treadmill. Today, home fitness is a sophisticated industry with many layers of designs, manufacturers, and categories of equipment. In general, the industry’s offerings are divided into price and consumer sophistication sectors.Lower priced and lower quality equipment is generally sold to what the industry calls “entry level” consumers. This segment is made up of first time home fitness buyers who can be tempted to impulse buy through TV marketing programs or department store sales programs. The “entry level” segment of the market is very large which explains why people are constantly exposed to promotions for this level of product. Higher priced but much more effective, safe, and higher quality home fitness equipment is generally found in specialty shops or health boutiques.When considering the purchase of home fitness equipment the three things to plan for are: 1) your budget, 2) your space, and 3) your intended use and benefits you are looking for.BudgetAs the introduction hinted at – always buy quality. If you can’t afford the cash outlay use an extended payment plan. Quality means buying from the leading brands found in the best health clubs. Quality means better biomechanics and ergometric design. Quality means good warranties, after sales service, and a good secondary market should you want to sell or trade-up later. Quality also means better features, and programs that are equal or even better than those found in the best clubs. Quality means there is a better chance that the machine will not become a permanent clothes rack.SpaceDepending on what your ultimate goal is space doesn’t have to be a limiting factor. Nearly any condominium or apartment can support a single piece of cardiovascular equipment. The question to ask yourself is how do I balance my intended use with the space I have to allocate for home fitness? If you have an unused bedroom you can probably create a complete home gym or share your home gym with a home office. If you are like most people, however, you will need to have your treadmill, cross trainer or home gym near a form of distraction like a window with a view or within sight of a television to provide exercise entertainment and get you motivated to get off of the sofa.Intended UseAre you interested in exercising on your own time? Do you just want to burn some fat between trips to the gym? Is the home going to be the primary place you exercise? Are you looking to strengthen and tone? Do you want to have a full body workout? Who else in your family will use the equipment or the facility you make? Whatever the answers to these questions there are quality machines to match your space and intended use. Remember, if you can’t afford to build it all at once, buy quality and phase your home gym. If you are serious about investing in your health you will regret going the entry level route just so you can get everything at once.Equipment SelectionWhen selecting home fitness equipment you will be looking at three considerations:Cardiovascular Training EquipmentIf you haven’t determined what is your favorite piece of cardiovascular equipment take your workout shoes with you when you look at equipment and try them all out. Generally, in order of popularity cardiovascular home fitness equipment includes: treadmills, elliptical cross-trainers, upright or recumbent bikes, rowing machines, and stair-steppers. Many people who have developed leg problems have found a new lease on life through the development of the cross trainers, which have no impact and also provide upper and lower body exercise. Rowing machines are also excellent all body conditioners.Personal Gyms and Multi GymsPersonal gyms are single weight stack strength trainers allowing one person to exercise. Multi Gyms have two to four weight stacks and thus allow more than one person to use the machine at the same time. Both types come in different quality and price levels. Some multi gyms are also warranted by the manufacture for sale into the common area fitness centers of apartments, condominiums and resorts. This is generally a sign of a good, robust commercial design ensuring safe use and good biomechanics and user satisfaction. Some personal gyms offer advanced functional training on converging arc design technology. The better quality personal gyms and multi gyms will provide 20-22 different exercises on all areas of the body with easy to use adjustments to change from one exercise to another.Dumbbells, Benches and Free WeightsA twin tier dumbbell rack and five to ten pair of rubber coated dumbbells along with a flat to inclined adjustable bench is a nice addition or alternative to a personal gym if budget or space is a problem. However, most exercises done with this equipment is upper body specialization of the arms and back. Free Weights using Olympic Bars and Weight Plates are not recommended for the home environment unless one always has a workout partner and a strong soundproof floor.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?

Sihanoukville is one of Cambodia’s most important trade and urban centers. From a backwater port carved out of the jungle in the 1950s, Sihanoukville transformed itself to become the “Rising Star of the Southwest”.Sihanoukville’s rapid and continuous economic development is mainly due to the following:  presence of Cambodia’s sole deepwater seaport (Sihanoukville Autonomous Port), Sihanoukville Special Economic Zone (SSEZ), robust tourism growth, and massive foreign investments.Never to miss a golden opportunity, KHCN Investment & Development Co. brought to the market SeaGate Suite, a mixed-use development which is set to become another iconic building in the city.SeaGate Suite ideally sits on Victory Beach, an area billed as the next CBD of Sihanoukville. This means that in a few years, a bevy of commercial and business activities will be located nearby. Formerly a paradise for backpackers, Victory Beach remains popular to this day.Construction is ongoing, with the first floor approaching completion this month. SeaGate Suite is expected to be completed by 2020. Construction is being undertaken by China Construction (S.E.A) Corp. and Thoroni Real Estate Company.SeaGate Suite, with 45 storeys and covering 100,000 square meters of land, is one of the tallest and largest residential development projects in the Kingdom, offering a 360-degree view of the city and ocean nearby.SeaGate Suite is composed of 1,118 studio rooms and condo units of varying sizes and features. The size of studio rooms will be from 31.21 square meters to 70.12 square meters; 1-bedroom units range from 60.15 square meters to 88.62 square meters; and 2-bedroom units will measure 113 square meters.  Buyers can choose from six different interior designs: Northern European, Minimalist, Southeastern, Luxurious Baroque, New Oriental, and Neoclassic.The Northern European concept, which is similar to what you will see in Scandinavian countries like Sweden and Norway, is fully-furnished and comes with a free design.Furniture, built to the likings and tastes of the occupants, is also part of the package.Following the Smart Home concept, the air-conditioning, TV, music, security cameras, water heating/lighting system, etc. of each unit will be operated via an app.Ensuring the safety of occupants is of paramount importance to the developers. Thus, there will be 24/7 security, and each unit will be equipped with built-in security features like hose reels, smoke detectors, sprinklers, fire extinguishers, and emergency sound alarm.SeaGate Suite also features a 700-sqm infinity pool, private meeting hall, shopping center/market, fully-equipped gym, spa, sauna, restaurants, business center, multi-function conference room, banquet hall, luxury casino, cinema, helipad, KTV/bar, and an art gallery.Sales commenced in December last year, with units sold at the starting price of USD $70,000. SeaGate Suite guarantees rental returns of up to 8 percent per year or 16 percent over two years. The developer also shoulders the 10 percent sales tax in the event the buyer resells the property.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…Check out The Seagate Suite on Realestate.com.kh

How would you describe last year’s real estate rental market in Cambodia? What was the defining theme?Sorn SeapFounder/Director,Key Real EstateIn the course of 2017, the growth of the rental market in the Kingdom was higher compared to 2016 in terms of properties like warehouses, factories, shophouses, etc. This was particularly evident in Sen Sok District where development was going on in 2016 and reached its peak the following year.Sen Sok’s neighboring district, Toul Kork, also saw the growth of its property market due to the presence and availability of many mixed-use developments, residential/commercial properties, and its location in-between highly-developed and newly-developed areas.As for rental price, the rates in Sen Sok and Tuol Kork both increased. The rental rates in Sen Sok are still higher due to the transformation of many vacant residential lands into commercial or business areas. In places like Phsar Boeung Chhouk and Phsar Boeung Baitong, and in areasalong Mong Rithy Road and Phnom Penh Thmey District where businesses are located, prices jumped to between USD $600 and USD $1,300 per month.Crispian KnowlesManager, Seaps CambodiaThe demand for rental service last year was mostly from expats/foreigners (both short term and long term). Stocks and customers were plentiful, but it was mostly a renter’s market. There was an oversupply of condominium units which drove the prices of similar properties down.Ross WhebleCountry Head,  Knight Frank (Cambodia) Pte LtdWhen analysing our Phnom Penh rental indices for 2017, there was a noticeable reversal in the performance of residential rents as compared with rents for commercial properties. Within the residential sector, we started to see the market shifting from a landlords’ market to a tenants’ market, with rents declining moderately towards the second half of 2017. Conversely, with the completion of Exchange Square and a number of other office buildings, commercial rents continued to record year-on- year growth.Grant FitzgeraldCountry Manager, Independent Property Services (IPS)The 2017 rental market in Cambodia continued to be very strong across both residential and commercial real estate and I would say the defining feature in the market was an increase in competition across all sectors. In the residential sector, the year consistently saw new apartment complexes and condominiums come online. We have noticed that a lot of these buildings have been priced much “smarter” than in the past, as owners are now much more aware of the plethora of choices potential tenants now have and have adjusted pricing and services accordingly.The result of this increase in competition has been a general softening of prices and a lot more flexibility in lease terms and conditions. Renovated and stand-alone apartments have seen the biggest price correction as their price bracket of between $500- $900/month now gives tenants the option of a unit in a brand new apartment building with a pool and gym.Occupancy rates in the commercial sector are still very strong with most ‘well run’ buildings sitting between 80-90 percent full. Again, similar to the residential sector, we have observed much more flexibility in pricing and lease terms and conditions. The increase in competition has pushed owners to review their pricing and it has become apparent that they are now seeing the advantages of reducing rates in order to fill their buildings up fast. An empty building makes no money and those that haven’t adjusted to market conditions will struggle moving forward.How will the strengths and weaknesses of Cambodia’s real estate market rental market play out in the course of 2018?Grant FitzgeraldCountry Manager, Independent Property Services (IPS)One of the Cambodian real estate market’s biggest strengths in recent years has been its ability to attract foreign investors. From large developers to buyers of single condominium units, foreign investors have played a large part in the fast paced development of the industry, especially in the last 5 years. A national election in any country makes market conditions interesting, even more so in Cambodia. From previous elections, both local and foreign buyers and sellers have taken “wait and see” approach, a period which can last for 6 months following the election.Surprisingly, the market has been quite robust in 2018 to date. Everyone has been expecting a significant slowdown, but the market has been continually active as we have had a steady stream of foreign investors come through the doors. This will inevitably slow down as we get close to the election, however, the 2018 real estate has held up much better than expected so far.2018 will also see the much talked about ‘supply factor’ hit the market. The over-supply of condominiums and apartment buildings has been a much talked about weakness in the market over the past 2 years. We have already seen a significant slowdown in condominium sales in 2017 and this trend will continue throughout 2018. Hardest hit will be the higher end developments with limited or no avenues to foreign markets as they have to rely on local buyers who are wary of the over-supply and have lost their appetite for the time being.Sorn SeapFounder/Director, Key Real EstateJust like in the previous years, rental transactions this year are dependent on how strong and stable is the economic growth in a given area and in the country as a whole.Rental prices in well developed areas like BKK 1 increase slower compared to those in up-and-coming areas. This is true for most rental properties, except some commercial properties. Meanwhile, it is hard to increase the rental price for serviced apartments even if the demand increases because of oversupply of condos and similar properties in the market. The same can be said of office space, whose rental prices appear to be stagnant.But in the up-and-coming areas in the suburbs of Phnom Penh, there is a big possibility of substantial increase of rent for both commercial and residential properties. However, just like in the past, it is still dependent on factors such as economic activities, investors’ interest, and influx of people. Political stability is also important as it is crucial to economic growth and stability and flow of investment.With regards to the best location for rental properties in Phnom Penh, Sen Sok is still on top because of the presence of many new development projects like boreys, factories, condos, malls, etc. in the area drives the prices up. For example, a shophouse in the area can be rented out between USD $1,000 and USD $2,000 per month, which is way above the rate in other areas. Demand is also high because of the area’s big population.  Chroy Changvar is also a good place to have rental properties, but its full potential has yet to be realised with many big projects still under-construction.Southern Phnom Penh is also catching up to the rest of the city with major projects like a new airport, residential development, and infrastructure. For now, however, most property transactions are limited to buying and selling of land.Crispian KnowlesManager, Seaps CambodiaThe market has come under pressure in 2018 when some of the significant condominium projects were completed; and these condo units add competition to the existing serviced apartment stock as buy-to-let investors seek to rent their units. This may put downward pressure on rents.Ross WhebleCountry Head, Knight Frank (Cambodia) Pte LtdWith a significant number of condominium units due for completion this year, we believe that the trends identified in 2017 will continue into 2018. Over the medium term, this will have beneficial ‘knock-on’ effects for the overall economy, helping to reduce the cost of living in Cambodia and making it more competitive compared with neighbouring countries and cities.Office rents are expected to remain relatively flat during 2018 whilst everyone is eagerly awaiting the opening of Aeon Mall 2 later this year, and it will be interesting to see the level of pre-committed space and what impact this may have on retail rents in Phnom Penh.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?

In 2001, Yuetai Group was listed on the Shanghai Stock Exchange in China, becoming one of the first listed real estate companies in the entire country. The company recorded extraordinary achievements in Cambodia that has won the gratitude and admiration of people from all walks of life. Yuetai Group has developed or has acquired a number of landmark projects in the Kingdom, including East One, East View, and East Commercial Center.Phnom Penh Harbour- is set to become the iconic riverfront development in the country and one of the biggest mixed-use projects Cambodia will ever see, Phnom Penh Harbour will comprise of 22 buildings spread along the riverbank in Khan Daun Penh, a popular commercial and residential area in the heart of Cambodia’s capital city.  To learn more details about Phnom Penh Harbour and about Yuetai Group’s successful venture into Cambodia, Realestate.com.kh CEO THOMAS O’SULLIVAN recently sat down with SAM YANG, Vice President of Yuetai Holdings. The following is an excerpt from the interview, which has been edited for length and clarity.REAKH: When did you first come to Cambodia? And What made you choose Cambodia over other countries in Southeast Asia?YUETAI: I came here six years ago. In the first two years I was here, I fell in love with the culture, the people and how accepting of other cultures. I found that compared to Singapore and Thailand, Cambodia has really a long rich history, Khmer history, Angkor culture. I simply fell in love with the country.REAKH: What other things have continued to inspire you to invest in the local economy?YUETAI: Well, I can talk all day about the economic growth, the good investment opportunities with the GDP growth, but everyone knows about that. But the truth, alongside the growth of the economy, it is the culture that I like the most.  For the past 6 years, I worked very hard and personally, I have a family, I have my kids during the time I stayed in Cambodia. I treat Cambodia as my second home. It’s more love of the country to ask me to stay and invest here. We currently employ over 350 people, so it is motivating when I think about how many employment opportunities we are creating as well.  REAKH: Can you tell me a more about the Yuetai Group?YUETAI: Most of our operations is related to real estate. We are dedicated and focused on bringing the best real estate products to the people. In addition to real estate, we want a full coverage of services to all of the customers. That’s why alongside real estate development, we developed financing, property management, and hotel management sectors to comprehensively provide service to our customers and buyers.REAKH: We have come here this morning to do the launching of the project. We wanted to ask you a little bit more about Phnom Penh Harbour itself. Can we start by asking about the size of the project.YUETAI: The total gross area is 1.05 million square meters. It is a high-rise building complex built along the river, and includes Grade A office buildings, 5-Star hotels, large shopping malls, more than 6,000 parking spaces, serviced apartments, and market-leading high-end apartments.REAKH: Can you tell us what inspired the design of the project.YUETAI: What happened is that we are not thinking about purchasing a land, develop, and sell. When we look at the land, my board, my designer, and I personally, if we feel that it is one of a kind, and you won’t have another opportunity to develop something similar in Cambodia.We just don’t make it a commercial development project. We want it to become a city symbol. We want to bring what’s 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.REAKH: Can you tell us when you are starting construction.YUETAI: Construction will start in September. The actual busy time would be after the rainy season. We are waiting for the dry season to actually start the whole construction.REAKH: I understand the project will be built in four phases. Can you tell us when individual phases can be expected until we finish the project.YUETAI: Actually, the four phases are all open. Why we separate them into four phases is that phase 1 would be the new White Swan Hotel. Then we will help PVAP have their new, 25-floor office there. Of course, we will have duty-free shops alongside a 5-Star hotel. And then we will have Grade A offices there, as well.The second phase is mainly serviced apartments and Grade A office buildings. We are really keen on doing office development in Cambodia. We know there is a shortage of Grade A and Grade B offices in Cambodia at the moment. Phase 2 would also consist of a shopping mall. We are already negotiating with top class brands like LV and Gucci to actually bring in the shopping experience to Cambodia, to actually let Cambodians and tourists spend money in Cambodia. I noticed that a lot of Cambodians shop in Bangkok or Singapore. Why fly to Bangkok or Singapore? Shop here and spend money in Cambodia.Phase 3 would be our serviced apartment sector that will also include a French-style commercial street. Phase 4 would be our condominium section. We will have another French-style commercial street, alongside our condominiums. These condominiums are designed mainly for locals. A lot of condos here are designed for foreigners or foreign buyers. But we want to build something that is affordable to local buyers, for the local middle-class.REAKH: How long the project is expected to take?YUETAI: To finish all four phases, probably it will take around 7 years. Phases 1 and 2 will be completed in 4 years, phase 3 in 5 years, and Phase 4 will be completed in 6-7 years.REAKH: What are the other impacts of a project of this size in terms of employment numbers for a city like Phnom Penh?YUETAI: At the beginning, of course, the top management will be international professionals. But in the future, we want to have all or 90 percent of mall and property management to be locals. That’s why we have Tourism and Property Management schools. We want to train the locals to be part of our management teams. Currently, our Chinese staff consists of 30 to 40 percent of our total staff number. In the future, we want to shrink the number to about 5 to 10 percent. We want to become a more local company run by a local management. When it is in full operation it will create roughly 4,000 to 6,000 jobs.REAKH: When I think about this project, I think Cambodia will finally be getting its own ‘Orchard Road’. But I am sure the question on everyone’s lips I am sure is what the developer is doing about projected traffic congestion in the area?YUETAI: We will set up more than what we are supposed to set up by the urban regulations to expand the current road into a four-lane one. And we will also have huge underground spaces for the internal traffic to travel inside the underground, and for the external traffic to travel outside. We will have river plazas alongside the riverside walkways. We don’t want people to just walk by, we want them to gather.  We also want a plaza to promote fine arts in Cambodia. Me, my Board, and the designers, we do this project with passion. We want to make it a one of a kind. This is going to be a signature of Phnom Penh and cannot be compared to anything else.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…Check out Phnom Penh Harbour on Realestate.com.kh

Camhomes: Witness the Topping Up of D’Seaview CondominiumThe wait is finally over. Camhomes will be celebrating its Topping-Up ceremony for its flagship development, D’Seaview Condominium, this week in Sihanoukville.“The Topping-Up ceremony will be hosted on June 27, 2018 and presided over by His Excellency, Yun Min, the Governor of Preah Sihanouk Province,” said Mr. Kuoch Lengkheang, PR & Marketing Strategy Manager of PH One Development (Cambodia) Limited. “We welcome everyone to the site to witness the topping-up of D’seaview Condominium,” he added.D’Seaview offers a combination of both residential and commercial options, complete with 24-hour manned security service, a swimming pool, a fitness center, lush garden, a squash court, food court, restaurants, and car parking facility.Mr. Valy, 42, bought a residential unit at D’Seaview last month, after consulting with the real estate expert at Camhomes. “I want a unit there so that I do not need to worry about finding accommodation there during the peak holiday season,” said Mr. Valy, “Many of my friends bought units there too, we believe it will become the landmark development in Sihanoukville and it will be easy for me to rent it out when it is ready,” said Ms Riya, 35, whom bought 2 residential units in the development too. They will be attending the ceremony to be among the first few to witness the Topping-Up ceremony.D’Seaview is designed to incorporate abundant natural daylight and airflow and to offer all-round unblocked panoramic views of the ocean, as majority of its units faces the sea. The construction of the condominium is expected to be completed in 2nd quarter of year 2019.The D’Seaview site is located at Land Plot No. 204, Village 1, Sangkat 3, Krong Preah Sihanouk, Preah Sihanouk province.With this occasion, Camhomes will provide to all attendees at the Topping-Up ceremony with High-Tea refreshments and exclusive promotion for buyers of each unit booked successfully on the day.If you are interested in D’Seaview, visit the showroom at Canadia Tower, level 3 and speak to the Camhomes experts, to discover the full scope of its potential for you. Call the hotline at 097 768 9191 or 097 768 9090. Or visit the showrooms in both Phnom Penh (Canadia Tower level 3) and Sihanoukville (D’Seaview Site).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…Check out D’seaview on Realestate.com.kh

Phnom Penh, July 7, 2018Organizers of the Cambodia Real Estate 2018 (CREA) are proud to reveal the winners of this year’s most prestigious event in Cambodia’s property sector.The winners were announced and recognized during the Gala Dinner and Awards Ceremony held at Sofitel Phnom Penh on Friday evening. The star-studded gathering, which was broadcasted live on social media, brought together more than 200 industry leaders, high-ranking Government officials, and other VIPs from across the sector.Leading the pack of winners in the Agency Awards was CBRE, which took home three awards. CBRE, which is one of the leading and largest real estate agencies in Cambodia, was recognized as the Commercial Agency of the Year, Agency of Choice, and Property Management Company of the Year.For the Individual Awards, there was a different winner for each category. CPL Cambodia won big, with two of its people, Oknha Cheng Kheng and Lok Chumteav Bun Navy, winning the Real Estate Agent of the Year and Sales Agent of the Year Awards, respectively“The winners rightly deserve our recognition and accolades for pursuing excellence and setting an example for others to emulate,” said Head Judge, Dr. Sok Siphana.The 15 award winners were handed the prestigious CREA seal, iconic trophy and a certificate confirming their personal or company achievement.Realestate.com.kh CEO, Thomas O’Sullivan, said, “The Cambodian real estate industry has experienced tremendous success in the last few years. Many hardworking and dedicated real estate agents have contributed to this success. It is imperative for us to recognize these people, and also the top-performing property agencies, for their achievements and contributions.”“We wish to thank everyone-our partners, sponsors and all others who have contributed in one way or another to the success of this momentous event. We sincerely hope that this undertaking, which also gave Realestate.com.kh the opportunity to give back to the industry, will lead to a new era of professionalism, competition and excellence in the Cambodia real estate industry,” he added.Kim Heang, CVEA President, thanked Realestate.com.kh for coming up with the idea and for being the main force behind the inaugural CREA. He also stressed the importance of having similar events in the future.“As I have said earlier, we need to have more of these events in the future to give value and reward the top performers in the Cambodia real estate industry, at the same time promote the industry and Cambodia to the outside world,” he said.A first in Cambodia’s history, the CREA was principally organized by Realestate.com.kh, the Kingdom’s leading property portal and marketing agency, with the support of Ministry of Economy and Finance (MEF) and the Cambodian Valuers and Estate Agents Association (CVEA).The CREA recognize the top performing agents and agencies, and celebrate the milestones of Cambodia’s property industry. The Awards mark the first time that efforts of the Cambodia real estate industry were acclaimed globally and on a wholly objective basis.To promote professionalism, entries were required to be members of CVEA and registered with the MEF.Joining Dr. Sok Siphana on the panel of judges are Steven Path, Founder and CEO of leading software firm Pathmazing and President of ICT Federation of Cambodia; Dr. Simon Vancliff, Investment and Development Director at ING Holdings and Vice Chairman of the EuroCham Cambodia Real Estate and Construction Committee; Teng Rithy, Founder and Director of R’Investment Group; and Anthony Galliano, Group Chairman, Cambodian Investment Management.An online public voting process was also integrated into the CREA, allowing the general public to offer their opinion on which agents and agencies are most deserving of awards.The CREA are supported by Cheng Fung Investment (main sponsor). Other sponsors included Belt Road Capital Management, Yuetai Group, Aristo, Camhomes, Sky Villa, Le Bassac, NC Max World, Orkide Villa, BRED Bank, Creed Group, The Parkway, PropEase, Gold Zone Media, Crystal Orange Construction, Silk Road Properties, Zenearth, AIMS, DFDL, Pathmazing and realestateCRM.Media partners included Fresh News, Thmey Thmey, EuroCham, CTN, Khmer Times, KICPAA and BizKhmer. Complete list of winnersAgency Based Awards:Regional Agency of the Year: IPS Cambodia (Siem Reap office)  Valuation Company of the Year:Knight Frank CambodiaLocal Valuation Agency of the Year:Key Real Estate and Khmer Foundation & Appraisal (KFA)Property Management Company of the Year:CBRE Cambodia - Prince Phnom Penh TowerCommercial Agency of the Year:CBRE CambodiaReal Estate Agency of the Year:(Enterprise: Companies with 16 or more employees): Cambodia Properties Limited (CPL Cambodia)Real Estate Agency of the Year (Corporate: Companies with 8 - 15 employees):South East Asia Property Services (SEAPS Cambodia)Employer of Choice Award:Yi Fung Real Estate CambodiaAgency of Choice Award:CBRE Cambodia   Individual Awards:Best Up and Coming Agent of the Year:Chanthy Koy - IPS Cambodia (Independent Property Services)Real Estate Agent of the Year:Oknha Cheng Kheng - Cambodia Properties Limited (CPL)Rental Agent of the Year:Thyda Pov - CBRE CambodiaSales Agent of the Year:Lok Chumteav Bun Navy - Cambodia Properties Limited (CPL)Valuation Professional of the Year:Oknha Noun Rithy - Khmer Foundation & Appraisals (KFA)Agent of Choice Award:Rithy Seap - Yi Fung Real Estate Cambodia  Media contacts:Nara Cheng, Content Manager, Realestate.com.kh (Eng. & Khmer) +855 16333717 / nara.cheng@realestate.com.khHuy Hong Cheng, Chief Editor (Chinese), Realestate.com.kh +855 98526671 / cheng.huyhong@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?

Buoyed by a strong economy and massive infusion of cash from abroad, the Cambodian real estate industry, in the last half-decade, is enjoying some of its best years.Once-empty skylines in Phnom Penh, Siem Reap, Sihanoukville, and other urban areas are now filled with high-rises that rival those seen in other major cities in Southeast Asia.  Even the once-sleepy provinces of Battambang, Kep, Kampot, and Koh Kong have received their own share of property investors and real estate development.The media is filled with stories on how foreign investors, attracted by the business potential and affordable land and other real properties, are pouring capital into Cambodia, with most of this funding going to real estate.But a lesser known, but equally significant trend is also flourishing in the background: Cambodians investing in real properties in the other countries.After several decades of tumult, Cambodia transformed itself to become one of the fastest-growing economies in Southeast Asia. In the last decade, the Cambodian economy has grown by an average of 7 percent. In the process, many locals also became wealthy.  Many of these newly-wealthy personalities and families are in the real estate business.Between 2005 and 2015, the number of Cambodians with net assets approaching US$30 million has increased by more than 170 percent, according to a Knight Frank study.Nicholas Holt, Head of Research at Knight Frank Asia Pacific, explained to the local media that these super rich people are products of Cambodia’s strong economic growth.While most and the leading players in the nation’s real estate are investing locally, there are some who are opting to invest abroad for a variety of reasons.The most popular destinations of outbound Cambodian property investments include Australia, New Zealand, and neighboring Thailand. Other wealthy Cambodians have invested in property in the United States, Malaysia, Singapore, and Cyprus.Some of these countries actively court wealthy Cambodians to invest in their own territories. For the first time, three years ago, a Malaysian-based developer, GuocoLand, pre-sold residential units to Cambodian investors.The prospect of higher return, anxieties regarding political and economic stability, and strong competition are the main forces behind this capital flight.Many of these people are also lured by the prospect of gaining another citizenship or permanent residency, which afford them lots of benefits, including the ability to travel to most countries in the world visa-free and have their children educated in top schools abroad, which are hard to come by with only a Cambodian passport in tow.The latest (2018) Henley Passport Index puts the Cambodian passport in 86th place, with visa-free access to only 49 countries.A lawyer from Sokha Law Office earlier told the media that Australia has proven to be a popular destination for Cambodian developers and their money because of the quality of life and the many benefits it provides.“It has always been viewed as a safe haven with a strong and established legal structure, asset protection and multi-cultural society. “Cambodian buyers are purchasing properties in Australia so that it can benefit their kids to stay during the time of their education, or doing business,” said Chan Mlop.The cities of Melbourne, Sydney, and lately, Brisbane, are where most of the Cambodian property investments are located.The same thing is said of New Zealand, of which the city of Auckland has proven to be the top drawer for Cambodian investors. For its part, Thailand is aided by the rich variety of properties on offer and relatively cheap prices.Meanwhile, Cyprus is popular because a minimum property investment of 2 million Euro (US$2.3 million) provides a straightforward path to EU Citizenship.While it was a long and complicated task before, the process of investing in other countries, especially for permanent residency and citizenship purposes, has become simpler and easier, thanks to an array of local and international law offices and consultancy firms that specialize in providing such services.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?

Close to the iconic Olympic Stadium in Phnom Penh is another ongoing luxury mixed-use development that was designed by the same people responsible for Taipei 101, a landmark of Taiwan and one of the tallest structures in the world.Called Sky Villa, the development consists of twin 35-storey towers and a 15-storey office building built on a 6,000 sqm plot land overlooking Sihanouk Boulevard, an investment hotspot, which is also one of Phnom Penh’s busiest thoroughfares.The development is a cross between private and broad-minded; active and static; natural and prosperous; and classic and modern.Around the project location is an array of restaurants, cafes, mini-marts, clinics, drug stores, banks/ATMs, hotels, international schools, bus stations, and other amenities.The Phnom Penh International Airport, Cambodia Railways, and other transportation hubs can be reached by car in less than 30 minutes. Phnom Penh Landmarks like Orrusey Market, Olympic Market, Independence Monument, Royal Palace, National Museum, Riverside are also close by.The project is being undertaken by Crystal Orange Construction Plc., a renowned Taiwanese developer. Architectural design is courtesy C.Y. Lee and Partners, which also designed Taipei 101.The developer has partnered with Lee design Incorporation for interior design; Chan Moon Architecture Lighting Design for lighting; and A Just International Property Management Group for property management.Other partners include MCC Overseas Ltd., Shanghai Baoye Group Co., Ltd, Cathay United Bank (Cambodia), and Power Win Real Estate Co., Ltd.These partners are renowned and have proven track records in their respective fields.Its developer envisioned Sky Villa to be an identifying landmark for Phnom Penh, similar to what the Petronas Twin Towers has done for Kuala Lumpur in Malaysia. Sky Villa broke ground in 2014 and is expected to be completed by December 2019.Sky Villa boasts of 256 luxury condominiums of four types, sizes ranging from 300 sqm to 400 sqm, with 2 to 4 well-designed bedrooms. Each of these units has a spacious balcony, where occupants can grow plants or small trees to ward off the heat and dust.The multi-million dollar investment is topped by a massive observation deck with picture-perfect views of Phnom Penh and its suburbs.Sky Villa also features a grand reception area, sky lounge, locker, snack area, ballroom, KTV, rest area, wine cellar/reading room, children’s playroom, swimming pool, massage room, offices, conference room, pavilion, and a gym.Occupants can also avail of property management services, 24-hour security, and a spacious parking area that can accommodate more than 500 vehicles.Check out Sky villa project on Realestate.com.khFind the new development on Realestate.com.kh

Architecture is the art and science of design that provide us the physical environment we live in. Many projects now are built with the high attention of architectural design which is primarily concerned with structures of the master plan and the interrelationship of the facilities that are necessary to build for life.In the history of modern architecture, the architect aimed to improve the living environment of people.  The renowned architects like Le Corbusier, Walter Gropius and Ernst May, tried to design the city and housing for people, connected with light, air and green.During the era of New Khmer Architecture, Vann Molyvann tried to improve and modernize the life of Khmer people. Molyvann respected traditional lifestyle but modernize it through new structural ideas, construction ideas, planning and facilities.Masaaki Iwamoto, Architect & Assistant Professor of Faculty of Design at Kyushu University, said that architecture can improve the lives of everyone. Vann’s projects such as "One Hundreds Houses" in Toul Kork and "Grey Building", the apartment at Bassac riverfront, are the excellent examples of how architecture can improve life through design.” he stressed.Mr. Masaaki, however, noted that there is no correct architectural model; it depends on architects’ idea. “For me, rational and reasonable design to the context is very essential,” he said.“In addition to this, structural safety, flexibility and adaptation to the climate and lifestyle will be always important for lives,” he added.Currently, there are many residential development projects launching and building across the country, particularly Phnom Penh and Sihanoukville. The Seagate Suite is one of the mixed-use developments with the construction of 1,118 units across 45 story complex in Sihanoukville.Mr. Yeli, Design Director of The Seagate Suite, said that we build to connect life to the nature with the luxurious lifestyle.“The Seagate Suite is geographically situated in the ideal location where most of the buildings face fantastic view of the sea, island, and mountain and the stunning views of boom town of Sihanoukville,” he stressed out.More than home, at The Seagate Suite, it is purposely designed for luxurious lifestyle where residents can work, pay, stay, Eat &amp and shop at one destination.Similar to the Seagate, Bodaiju Residences, a mixed use residential project in Phnom Penh, occupied more than two hectares of land area and will have more 900 units across the six-14 story buildings. Cheng Sokha, Deputy Sales & Marketing Director of CREED ASIA (CAMBODIA) cited that master plan is always the main core of all projects. While architectural design for sustainable mixed-use property will contribute a big value to the project.In regard to the detail and finish of the building, Ms. Sokha believed that the good layout and high quality finishing always add up value for design and livable home.Echoing Ms. Sokha’s view, Hun Chansan, Director of Re-Edge Architecture & Design disclosed that good architecture and design would add value and improve the lifestyle of the people who reside in.He believes that it adds values in term of outlook of the building as well as its performance to the human activities and the surrounding environment. Architecture and design can also create large or intimate spaces that all walks-of-life will experience. Thus it has the power to evoke a certain feeling or senses that make them comfort, happy, nostalgic, healthy, efficient, or even proud of it.Ultimately, architectural design plays very important role for both physical environmental and valuable property. “Only innovative design that sells. If the development loses to pay no much attention to the design, it will affect the value, quality, pride, modernity and convenience of both developer and residents,” Mr. Yeli said.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?

200 + construction projects went up in the last 3 yearsSihanoukville, a fast-developing urban area that hosts Cambodia’s sole deepwater seaport, is experiencing a building boom rivalled only by touristy Siem Reap and the Kingdom’s capital city of Phnom Penh.In the last 3 years, more than 200 residential, commercial, and mixed-use development projects have gone up in different parts of Sihanoukville, which lies about 250 km from Phnom Penh.Most of these projects were multi-million dollar condominium/apartment complexes, hotels, resorts, malls, casinos, etc. In 2017 alone, the Sihanoukville Land Management Department approved 51 construction projects.These developments, which have a combined worth of several billion dollars, have transformed the once sleepy backpacker paradise into one of the most developed areas of the country.This week, a topping–up ceremony will be held for the newly-completed D’Seaview, a major condominium complex in Sokha Beach, Sihanoukville. Developed by a Singaporean firm, HLH Group, through its local subsidiary Camhomes, D’Seaview is composed of 737 residential units, 67 commercial units, a 10-storey hotel, mall, restaurants, among other facilities and amenities.Ongoing projects include the SeaGate Suite, a US$200 million mixed-use development by KHCN International Investment & Development Co, Ltd. that sits atop Victory Beach.  There is also the 38-storey Blue Bay Resort by Shu Jian Tian Yu Development Co, Ltd along Independence Beach, another US$200 million mixed-use development that will soon be a fixture of the Sihanoukville skyline.Two weeks ago, Sky View Investment began construction in Sihanoukville of the Sky Mountain Business Centre and Sky Mountain View Hotel. The project is estimated to cost US$109 million.Major international hotel brands are also flocking to Sihanoukville.The globally-renowned Marriott Group is also developing a 58-storey hotel with 888 rooms in Treasure Island Beach, Sihanoukville. The 5-Star Le Meridien Hotel, which will be a part of a US$200 million complex called Lyon D’Or, is targeted for completion in 2022.In the popular Otres Beach, local developer Tang Kung Group recently broke the ground for its US$25 million Jing Nan Hotel, a mixed-use development of 4 buildings, including hotel, commercial/office spaces, and residential units built over 32,000 sqm of land.Around 10 hotel projects in Sihanoukville are expected to be completed before the end of 2018, bringing with them more than 1,000 hotel rooms. Sihanoukville and the rest of Preah Sihanouk Province have more than 80 hotels and 3,000 guesthouses. The hotels account for a combined 4,000 plus rooms.There are also many major development projects for Sihanoukville that are in the pipeline or on the drawing board.Last week, Cambodia witnessed the groundbreaking for the US$1 billion Wisney World resort project.  The monumental development, which is a joint undertaking of China’s AMC International and Malaysia’s SV International, will include water parks, hotels, casinos, and malls built over a 65-hectare lot in Sihanoukville.Prince Real Estate (Cambodia) Group, a new entrant and one of the most respected and successful property developers in Cambodia, is set to build the Prince Cullinan Bay and Prince City Centre in two different areas of the city.Prince Cullinan Bay is chiefly a leisure and recreational complex built over 2.6 hectares of prime lot along Victory Beach. Prince City Centre, meanwhile, will be an international-standard, mixed-use development that will sit atop 16 hectares of prime land in the center of the city, close to the Golden Lions Roundabout.Deputy Prime Minister Men Sam An noted that Sihanoukville has become a magnet for foreign investors lately.  “Currently, Sihanoukville Province is becoming a more popular tourist destination and is attracting international investment,” Ms An stressed during the Wisney World groundbreaking ceremony.A top executive of SeaGate Suite earlier described Sihanoukville as the ‘Precious Pearl’ of Cambodia that most investors wanted to be part of. He noted that Sihanoukville offers numerous lucrative business opportunities.The presence of Sihanoukville Special Economic Zone (SSEZ), Sihanoukville International Airport (SIA), and Sihanoukville Autonomous Port (PAS) have also made Sihanoukville popular with investors, especially property developers.Of the more than 200 property projects built in Sihanoukville since 2015, a majority of them are owned by Chinese developers and investors. China accounted for more than 30 percent of the more than US$6.3 billion capital that flowed into Cambodia last year. A substantial part of that investment flowed into the Sihanoukville property sector.Japanese, Korean, Taiwanese, Malaysian, American, European, Thai, and Singaporean investors and developers also have substantial property investments in Sihanoukville.San Chey, Executive Director of the Affiliated Network for Social Accountability – Cambodia (AFNSA), said that Sihanoukville has benefited immensely from Chinese investments. He said these benefits are in the form of increased tax collection and a rise in real estate prices and rents.But Mr Chey cautioned that investments should not come solely from China. He stressed that it should not only be the Chinese investing in projects in Sihanoukville, but other nationalities as well.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!

Following the “One Belt, One Road” and “21st Century Maritime Silk Road” initiatives, Guangzhou R&F Properties, one of the top property developers in China has ventured into Cambodia with its first offering, R&F City.A mixed-use development, R&F City is ideally situated close to two investment hotspots, Monivong and Hun Sen Boulevards. Its location means that it is only 10 km away from the proposed new Phnom Penh International Airport and a mere 3km from PH Diamond Mall and PH ECO Mall, two major shopping complexes that are set to open in 2021. Aeon Mall, ISPP, foreign embassies, and a magnificent string of shops, cafes, restaurants, banks, hotels, and other amenities are also close by.Occupying 760,000 square meters of land, R&F City features 30,000 sqm of gorgeous private gardens, courtesy of the world-renowned Pierre Landscape.This made R&F City a stunningly-beautiful, environmentally-friendly development, a trend that is becoming more common in the developed world.R&F City will have condos and apartments sizes ranging from 54 sqm to 130 sqm, with one to three elegantly-designed bedrooms. Occupants and their visitors will also have access to duty-free shops and a high-end sports club featuring badminton and basketball courts, 50 x 20 m international-standard swimming pool, and a track for walking/jogging.For entertainment needs, there is a billiards room and other entertainment facilities and amenities.Tianli Property Management, a renowned provider of first class property management service in China, was contracted to provide high-quality residential management and maintenance services.The project is ongoing and expected to be completed by 2020. Unit sales have commenced, and everyone is welcome to visit the company showroom along Monivong Boulevard, #380, Phnom Penh.The Hong Kong-listed Guangzhou R&F Properties is developing the project through its local subsidiary, R&F Properties Cambodia.With origins in Southern China, Guangzhou R&F Properties is one of the largest and most successful property developers in China.The company has more than 24 years of experience in the real estate business, mostly in the areas of design, development, engineering supervision, sales, and property management.From China, the company expanded to other countries, including Malaysia, UK, and Cambodia. Guangzhou R&F Properties has developed more than 220 landmark projects in more than 50 cities and regions across the globe.In 2017, R&F Properties created a buzz in the property world after it acquired 77 Wanda hotels. In the next two years, the company is projected become one of the largest luxury hotel owners in the world.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…Check out R&F City project on Realestate.com.kh

Work on the proposed US$2 billion expressway linking Phnom Penh and Sihanoukville will soon begin.The Council for the Development of Cambodia (CDC) recently gave the go-signal to Cambodian PPSHV Expressway Co. Ltd. to begin work on the project. The company received the green light to construct and operate the multi-billion dollar project under a Build-Operate-Transfer (BOT) scheme.Under the scheme, which is in widespread use across the globe, a Government usually commissions a private entity to finance, design, build and operate a project on the condition that its control be passed on to the Government after a certain period of time, a period that is usually enough for the private firm to recover its investment. Several infrastructure projects in the Kingdom were earlier built under the same scheme.The plan is to build a 4-lane, 190 km road, which will be 50 km shorter than the existing 2-lane National Road (NR) 4, which runs for 240 km. The new highway will run alongside NR 4 and will pass through Kandal and Kampong Speu Provinces. The old highway will remain and will primarily serve as an alternate route.Work on the project is expected to start in November of this year to allow the Government to work on a compensation plan for people living along the route who have to relocate. The project is expected to be completed in 4 years or in 2023.In addition to the asphalt road, the monumental project will also include the construction of 89 bridges and 4 rest stops. Several gas stations would also be set up for the convenience of motorists. For safety reasons, animal barriers would be established along the route.Many benefits are expected to come out of the new expressway.According to Preah Sihanouk Province Governor Yun Min, the project will shorten travel time from Phnom Penh to Sihanoukville and vice versa. “We will just need to spend two and a half hours to travel to and from Sihanoukville,” he stressed. At present, travel from the capital to the port city usually takes 4-6 hours.He added that it will also help stimulate the growth of the provincial and national economies. The project will facilitate the transport of good between two economic centers, while also creating nearly 10,000 jobs.The new high-speed road is also expected to fill gaps in Cambodia’s infrastructure needs as the country’s economy continues to grow. It was noted that the Kingdom needs an additional 850 km of expressways by 2020.  The figure rises to 2,230 km by 2040.Minister of Transport Sun Chanthol said the project is vital as the Government seeks to improve local infrastructure and connectivity with neighboring countries, apparently referring to Vietnam, Thailand, and Laos.  Also in the pipeline is another expressway, 4-lane, 213 km long, which will link Phnom Penh with Bavet City on the Vietnam border. Japan also announced that it will finance the upgrade of NR 5 between Phnom Penh and Battambang City to the tune of US$142 million.Funding for the Sihanoukville expressway project will come from China, which will recover its investment by way of tolls charged to motorists using it.The agreement to build the project was signed during the Cambodia visit of Chinese Premier Li Keqiang to Cambodia last January 2018. Due of its importance, Premier Li promised to Cambodia Prime Minister Hun Sen that the road will get done as soon as possible.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 United Nations Development Programme (UNDP) is supporting the Phnom Penh Special Economic Zone’s (PPSEZ) housing project that will build several thousand affordable housing units for low-income workers in and nearby the zone.The project, which is on the architectural design stage, will see the construction of 3,136 housing units on a 7-hectare lot within the PPSEZ. Located in the outskirt of Phnom Penh along National Road (NR) 4, the PPSEZ has an area of 357 hectares. There are more than 80 factories within that employ 17,000 people, many of them female factory workers.With the economy booming, Phnom Penh, in recent years, has seen an influx of low-income workers moving to the city to work in factories and construction projects.Michelle Zhao, PPSEZ Senior Manager, noted that there are many ongoing housing projects in Phnom Penh, but only a few of them were targeted at people in the middle to low-income brackets.While PPSEZ workers will be the priority, other poor people living outside the PPSEZ can also avail of the project. “The houses will be affordable and will provide them with decent living conditions,” she stressed.“Our affordable housing project targets workers. Based on our survey, over 76 percent of our workers’ income are more than $200 and over 20 percent are more than $300 per month,” she pointed out.Each unit, which will sell from US$17,000, will have an area of 36 sqm. In addition to the houses, the project will also include stores, cafes, parksand other amenities.Nick Beresford, Country Director of UNDP in Cambodia, said their agency is providing assistance primarily in the area of design. “We are aiming to help as much as we can in terms of designs that will lower the cost, increase the quality and ensure sustainable living, “he stressed.Last month, PPSEZ, UNDP and Building Trust International launched the Affordable Housing Design Challenge, seeking to find the best design for the project, with emphasis on sustainability and eco-friendliness. The winning entries, which will receive cash prizes between US$5,000 and US$20,000, will be announced on 1 September 2018.UNDP’s support to the housing project is part of a larger effort to help PPSEZ and other special economic zones in the country become sustainable in the long run. Currently, there are 33 SEZs all over Cambodia. These areas of development are crucial to Cambodia’s economic rise.“We are helping PPSEZ become a sustainable special economic zone, which will contribute to the achievement of Cambodia’s Sustainable Development Goals,” Mr Beresford stressed.He explained that this can be achieved by working together on promoting renewable energy use and sustainable waste management (recycling), among other initiatives.In addition to UNDP, the Cambodian Government is also helping the project by way of incentives. These incentives are believed to include tax sweeteners.Vongsey Vissoth, Secretary of State of the MEF, also disclosed that the Government is preparing regulations governing affordable housing projects. He said these regulations will be helpful and will set clear guidance on similar projects in the future.Construction work on the project is expected to commence sometime next year.“Currently, we have yet to select the best construction company. Since we are still discussing with the Government regarding incentives, and also, we have ongoing discussions with potential investors, we have yet to finalize the construction date,” Ms Zhao said.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?

Belt Road Capital Management (BRCM) is a private equity investment manager based in Phnom Penh, Cambodia. Launched in late 2017, the company focuses on investments in the Greater Mekong Sub-Region consisting of Cambodia, Myanmar, Lao PDR, Thailand and Vietnam.BRCM’s principal activities include investing capital in small and medium sized enterprises (SMEs) to support the achievement of strategic goals, facilitate sustainable growth and expand access to new markets. BRCM has an independent management team with vast experience in managing SMEs, advising M&A transactions and guiding investment in the region. The company provides strategic support to its partner companies, leveraging global resources and talent to develop and execute intelligent growth plans. In addition to it's private equity activities in SME's, BRCM also manages special situation investments in the Real Estate and Infrastructure sectors.This year BRCM has made two investments in the Mekong Sub-Region. In January 2018, BRCM partnered with and invested USD $1.8 million into Digital Classifieds Group (DCG), the parent company behind Realestate.com.kh, Cambodia’s leading property portal and marketing agency. DCG also operates general classified and real estate portals in Laos, Papua New Guinea and Fiji.In April 2018, BRCM invested USD $7 million into Oway Group, Myanmar’s leading online travel service provider which operates Myanmar’s largest online travel portal oway.com.mm as well as Oway Ride, a leading ride sharing platform. The investment into Oway was a part of a USD $14.7 million funding round that included Japanese multinational business conglomerate Daiwa as well as the International Finance Corporation (IFC).In June 2018, BRCM invested USD $4 million into Singapore-Hong Kong based Unnitel. Unnitel operates in the telecommunications space, operating one of SE- Asia’s first mobile virtual networks. Most recently, BRCM acquired a 40 percent stake in Sabay Digital Corporation, the leading digital publishing and entertainment group in Cambodia. Sabay focuses on publishing desktop and mobile games for the Cambodian market.  In addition to its private equity activities, BRCM also manages and advises special situation investments, principally in the Real Estate and Infrastructure sectors.BRCM aims to be the Mekong Sub-Region’s premier investment manager and is proud to support the 2018 Cambodia Real Estate Awards (CREA) as one of its main sponsors. BRCM sees the CREA as one of the most prestigious events in Cambodia’s real estate industry and as the best way to recognize and promote excellence in the sector.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?

Vietnamese companies are pouring capital or are planning to invest more in Cambodia’s real estate sector.Last week, TTC Group, a Vietnamese business conglomerate with interests in real estate, tourism, energy, among others, announced that it is now owns and operates the former Golf Angkor Hotel in Siem Reap. Renamed as the TTC Hotel Premium-Angkor, it is TTC Group’s first hotel outside of Vietnam. TTC Group bought the hotel from its previous owners and then renovated it. The company’s Cambodian subsidiary is running the business.Last month, FLC Group, a Vietnamese conglomerate has announced plans to invest US$1 billion in Cambodia in the next few years. It is understood that in addition to agriculture, tourism, and aviation sectors, some of the money will go to real estate projects.FLC Group is one of the largest property developers in Vietnam, known for building high-end integrated resorts. It has yet to be confirmed if the company would develop the same properties in Cambodia. FLC Group also has an interest in advertising, civil construction, trading, and other business ventures.Earlier, Toong, a leading Vietnamese co-working space operator, announced plans to expand into Cambodia. Its expansion plans in the Kingdom, which is slated for the fourth quarter of 2018, involve partnering with local property developers and service suppliers.While investments in the Kingdom’s property sector is still dominated by Chinese, Japanese, Korean, Thai,  and Singaporean firms, the Vietnamese are making slowly making their presence felt in the sector, which is among the drivers of Cambodia’s economy.Vietnam is one of the top foreign investors in Cambodia. In 2015, Vietnam was the fourth largest investor in Cambodia, with investments reaching US$4.64 billion.  Due to a weaker agricultural sector, the figure dipped to US$2.85 billion in 183 projects the following year. In 2017, there were 190 Vietnamese projects in Cambodia, valued at US$2.94 billion. By 2020, Vietnamese investment to the Kingdom is projected to reach US$6 billion.Vietnamese companies invest in telecommunications, tourism, aviation, garments, and in the production of rubber, milk, rice, cashew, and other agricultural products. Major Vietnamese investors in Cambodia include the telecom giant Viettel (through its local subsidiary Metfone, which is one of the largest mobile phone operators in the Kingdom) and dairy giant Vinamilk. There are also numerous Vietnamese rubber companies with economic land concessions (ELC) in different provinces of Cambodia led by the rubber giant Hoang Anh Gia Lai.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?