Are you looking for a new home – but are too busy working and trying to make time for your family and friends? Are you sick and tired of driving around the street for hours looking for houses to buy or rent, scanning multiple property websites, and having hundreds of meetings with real estate agents - all with no success?Whether you are looking to buy a villa or a luxury condo, office space, a retail location, or industrial property for a new business venture - you will find the widest selection of real estate in Cambodia on our website, all of which you can search through with our intuitive search engine, specifying the exact criteria you are looking for in a new property, and the area in which you hope to live – right down to the nearest Sangkat.Welcome to the future of real estate shopping, today. Established in 2009, Realestate.com.kh has grown to be the number one real estate website in Cambodia. We are not agents; instead, our mission is to support agents and property buyers by making searching for and finding real estate in Cambodia fast and easy.If you want to spend more time doing what you love, and less time looking for a house...then you should visit Realestate.com.kh.We have more than 10,000 properties for sale and rent, from all the leading real estate agents in Cambodia. We can even set you up with a home loan suited to your needs, an insurance quote for your vehicle or new property, and professional valuation services.Finding your dream home has never been so easy. Easily access Realestate.com.kh from your smart phone, tablet or computer anytime, anywhere - and only search for what you want, in the areas you want to live – anywhere in Cambodia. And if you can’t find exactly what you want when you first search, sign up for Realestate.com.kh’s clever “Property Alerts” tool and get new listings that match your search criteria sent direct to your inbox as soon as they come online.If it is a real estate agent you need, check out our “Cambodian Real Estate Agent Directory” to get in contact with the nation’s best property professionals – just click “Agents” on the Realestate.com.kh menu bar above.Meanwhile, Realestate.com.kh is also your first stop for property market research. Our news blog contains up to date information on Cambodian real estate news, market trends, Khan Information and area reports, and the best advice for Cambodian property buyers and sellers. Learn about land title classifications, investment advice, rental laws, new developments and how to choose the best agent for your needs, and much more.Realestate.com.kh is your one stop shop for all things real estate. If you still require any assistance whatsoever contact us today at info@realestate.com.kh or 017436756.

See the ECC Featured Listing on the New Developments page The Cambodian business sector is emerging like never before, believes CEO of East Land Development Co. Ltd., Mr Sam Yang. However, steps still need to be taken to support innovative startups as they attempt to enter the market.Currently, Phnom Penh hosts a huge population of young up and coming business people. They are fast learners, extremely innovative, connected to world market trends and ideas through an intimate engagement with the internet - and they are driven to start their own businesses. Meanwhile, International companies are increasingly interested in moving an office to Cambodia because investment incentives are some of the best in the region, and Cambodia is located in the heart of ASEAN. However, the current office space market in Phnom Penh is unsuited to the growing demand. These types of start-up businesses are not interested in high grade office space, as rental rates are too high, and instead find themselves adapting villas or flat houses into office space. Yet, these types of office properties include no amenities suitable for modern business and don’t allow the development of micro-business communities and entrepreneurial opportunities that a designated office complex truly nurtures.The East Commercial Centre (ECC), slated for completion along Norodom Boulevard in late 2017, seeks to create a hub for new business in Cambodia. The interior layout of East Commercial Center will reflect the demand of start-ups and international business entrants as office space is available in compact and affordable units, between 33msq and 66msq per unit, with rental pricing as low as $15 - $20 per square meter, and managerial fees less than $2 per square meter. All common areas lighting will be solar powered to further reduce managerial fees and the building’s carbon footprint. The East Commercial Center shall offer affordable and highly practical office space in the heart of Phnom Penh. As a 38 floor office tower, the East Commercial Center will be the highest pure office space development that Cambodia has yet to host, and will include 3 entire floors designated to car parking - a total of 300 parking lots; and an additional floor designated solely for moto parking - all reserved for ECC occupants. Meanwhile, the East Commercial Center will incorporate two entire floors as ‘Business Centers’ - the sixth and 22nd floors - which will be avaliable for all occupants to use. These floors will hold all amenities for businesses, such as a copy center, communications center and various conference rooms - the largest on each floor being a 300 square meter conference room. The East Commercial Center will also call on Donghua Holding Foundation to sponsor entrepreneurs with promising business ideas. This will take the form of an ‘Emerging Markets Fund’ that will offer entrepreneurs and startups discounted office space, ongoing business support and mentorship with the Donghua Holding Foundation, and ongoing assistance in turning their business dreams into reality. The underlying intention of this sponsorship fund is to help young businesses with promise gain traction in the Cambodian market and ASEAN community - even if they may lack the start up capital to support themselves.See the ECC Featured Listing on the New Developments page

Knight Frank, one of Realestate.com.kh's latest "featured agents", launches its first inaugural Cambodia Real Estate Highlights 1H2015 - this is the first-ever 10-page Cambodia Real Estate Highlights 1H 2015 Report which provides key information on developments in the retail and office sectors in Phnom Penh, which are pertinent to investors, developers and end-users in their decision-making process to enter the frontier market.   Knight Frank, the independent global property consultancy, launched its first-ever Cambodia Real Estate Highlights 1H 2015 Report on September 3 2015.Strategically located between Bangkok and Saigon, Phnom Penh is at the centre of the East-West corridor between the two major regional trading hubs.  With an open door policy on foreign domestic investment (FDI), Cambodia has witnessed an influx of foreign developers seeking to take advantage of the relatively low land prices and an increasing demand for international standard real estate products. Mr Ross Wheble, Country Manager of Knight Frank Cambodia, highlights, “We are already seeing significant FDI in infrastructure and the industrial sector, and we expect this trend to continue with majority of the FDI coming from China and Japan. [caption id="attachment_78273" align="alignright" width="255"] Mr Ross Wheble, Country Manager Knight Frank Cambodia[/caption] “With a key focus on attracting FDI into Cambodia, the Government has already approached the Royal Institution of Chartered Surveyors (RICS) to assist with the creation of a Construction Code to improve building standards, and to advise on the implementation of fire and health & safety standards. This not only benefits the people of Cambodia, but also provides additional investor confidence. “Cambodia is entering a new era of economic development.  With an abundant supply of natural resources and fertile land, we anticipate that the agricultural sector will be the next key growth area. Currently, it is underutilised due to a lack of local expertise.” Commercial real estate in Cambodia Cambodia was severely impacted by the global financial crisis since its economy relied heavily on exported goods.  Land prices in prime locations declined by as much as half between 2008 and 2010, with numerous large-scale development projects being placed on hold. With the implementation of government policies enabling strata titling and foreign ownership, the decline in land prices reversed towards the second half of 2010 supported by increasing demand from foreign purchasers of condominiums and rising rents for both office and retail space due to a limited supply. Today, land prices in Phnom Penh have increased by as much as 80% since 2010 with a forecast of a further 25% increase for 2015. Comparing with the ASEAN markets, Cambodia is an investor friendly market where companies operating in Cambodia can be 100% foreign-owned. This, coupled with the low cost of labour and comparatively low rental rates, makes it an attractive destination for companies to set up operation. Foreign investors in CambodiaChina, Korea and Japan were ranked as the top three highest investors in the construction industry in Cambodia.Approximately half of the occupiers of purpose built offices are international banks, insurance and investment firms, as well as logistics, construction and engineering companies, which usually take up larger office spaces.Other typical occupiers are law and accounting firms, manufacturing companies, real estate firms, energy providers and telecom groups, and firms providing a range of business consultancy services.Most foreign-owned companies are from China, Hong Kong, Japan, Malaysia, Korea and Singapore.Major developments from notable developers and firms: Hong Kong: Exchange Square by Hongkong Land, a 20-storey Grade A office building with retail podium located in Daun Penh, which will add 18,500 sq m of NLA to the current office stock. Construction for the first phase began at the end of 2013 and is expected to be ready for occupation by 2017. The property has been available for pre-leasing since launching in Feb 2015.Malaysia: Maybank Group’s headquarters on Norodom Boulevard is set to be completed this year, adding a total of 4,602 sq m NLA to the existing stock. Maybank building will be partly occupied by the bank. Lion Group’s proposed mixed-use development, located across from the Phnom Penh international airport, has started construction and is slated for completion by 2017. The development will include a 7-storey mall that will add 45,500 sq m of NLA to the retail stock.Japan: Aeon has maintained a high occupancy at 95%, which is a positive sign for the retail market. Domino’s Pizza, Lotteria & Pepper Lunch, are among some of the larger international F&B newcomers that can be found in Aeon Mall, while fashion retailers such as Giordano, Penshoppe and Levis have also opened their first outlets on the mall’s ground level. Some high end retail outlets were initially part of the tenant mix but were forced to vacate recently due to poor sales and high rental prices. Retailers such as L’Occitane, Clarins, TWG, Hugo Boss & Eric Kaiser occupy Vattanac’s retail podium, which is more than 50% occupied.Korea: Phnom Penh Tower, constructed by Hyundai Amco, continues to be one of the more popular office buildings with Japanese companies, including Sumitomo Mitsui Banking Corporation, The Bank of Tokyo-Mitsubishi, JETRO, Fuji Electric, Tama Global Investments and Creed Group. Hyundai Amco is also the main contractor for the construction of ACLEDA’s headquarters along Monivong Boulevard.China: China continues to invest heavily in infrastructure with the Shanghai Construction Group building the fourth Cambodia-China Friendship Bridge in Takhmao, whilst Sinohydro Corp has established an office in Canadia Tower and is currently exploring the possibility of constructing a hydropower dam in Koh Kong Province.Singapore: The Peak is a new mixed-use development being undertaken by Oxley Worldbridge, a joint venture between Singapore’s Oxley Group and Cambodia’s Worldbridge, that will include a hotel component operated as a five-star Shangri-La hotel, part of the Kuoc Group of companies, whilst another Singaporean developer, TEHO International, will construct a similar mixed-use development with the hotel component being operated as a five star Okura Prestige hotel. Cambodia growth engineGDP continues to grow at an average of 7% year-on-year and is forecasted to do so up to 2018.Four main engines of growth – manufacturing, agriculture, tourism and construction continue to drive the Cambodian economy, with the construction industry’s contribution growing alongside the rapidly developing real estate industry.ASEAN Economic Community(AEC) integration is expected to increase employment and volume of skilled workers, which will positively impact the commercial sector as more companies seek to take advantage of investment opportunities.Although anticipated to increase in 2H15, inflation is expected to remain manageable over the short to medium-term.The stable political environment in Cambodia has led to renewed investor confidence with increasing inflows of FDI.Office Sector The majority of existing office supply is dominated by Grade C stock, with 92% of them situated in central locations within Phnom Penh.The office stock will see an increase of 64% by 2018, with 60% of the incoming supply classified as Grade A and 40% classified as Grade B.Hongkong Land, ACLEDA and the Overseas Cambodia Investment Corporation will add a combined total net lettable area (NLA) of 112,180 sq m, or approximately 72% of the total incoming supply.Prime rental prices remained stable showing only a slight increase of 2% between 2H 2014 and 1H 2015, with the city-wide average rental recorded at USD 14 per sq m per month across all office grades.Occupancies for prime office space remained subdued at 44%, showing a 3% decrease in vacancy between 2H 2014 and 1H 2015.Retail Sector Current per capita retail space of 0.0087 sq m points to an undersupply in Cambodia especially when compared to its regional neighbours, Thailand and the Philippines.Average vacancy across all retail grades is 14%.A 122% increase in current NLA is expected by 2019.Future supply will consist of 88% prime space and 12% secondary space, with 60% located in central areas.With the impending future supply, the current undersupply will be catered for, with concerns of a possible oversupply by 2018.

Century 21 Cambodia would like to invite you to join an Exciting Conference: The First Century 21 International Real Estate Conference “How to Build a Condominium in Cambodia” on 5th - 6th September 2015 which leverage knowledge and idea by H.E Dr. Sok Siphana, Mr. Kevin Goos, and Mr. Justin Landis.Opportunities: This opportunity is for wealthy land owners to understand how to make millions of dollars by developing a condominium, how to build a brand with your project, and most importantly how to successfully enter the real estate development market in Cambodia. The "How to Build a Condominium in Cambodia” Conference is an opportunity is for land owners, construction companies, and real estate professionals to understand the condominium business model from start to finish. The conference is conducted by industry leaders who share the most important details to successfully develop a condominium, so Cambodians can capture the millions of dollars that are being made in real estate development in Phnom Penh. Why attend this training program: The "How to Build a Condominium in Cambodia” Conference will show you how to make millions in real estate development by learning from industry leaders in Cambodia. If you interested in becoming a real estate developer or want to understand how to make money from Condos then this is the perfect opportunity for you to join and learn the full step- by-step process of “how to build a successful condominium project in Cambodia.”  We offer a comprehensive financial model, partnership agreements, overview of legal aspects for construction, and a full step by step outline for new developers to directly use with their existing projects. We educate new developers about the common mistakes developers make and the do’s and don’ts for developing a condominium in Cambodia.

As Cambodia’s property market expands and diversifies faster than ever before, both locals and expats are seeing opportunities in the real estate industry. As a real estate agent your earning potential is near limitless and, meanwhile, the market place is so broad and various, almost anyone can find their sales niche and succeed.In many other countries there are various types of real estate agents with real estate sellers’ licenses suitable to their domain – whether it be rentals, residential sales, commercial, land, high-end, low-end, new developments and so on. In Cambodia, however, real estate agents only need to be licensed by a registered real estate agency. For those that want to become an agent, they must choose what direction to take their career; and for those looking for a property, they must choose what type of agent is best for their property needs. Here’s a guide to the different types of agents available in Cambodia, and why you might or might not want to choose them for your next property search… Full Salaried Agents:Full salaried agents are registered employees at a real estate agency who receive regular pay checks regardless of their sales results. Meanwhile, full salaried agents also generally receive an additional income of between 10 to 15 percent share of the final commission sum when they do sell. The benefits for full salaried agents are that they are guaranteed an income even when the property market slows down and sales are hard – but their commission rates are smaller than some other agents. For agency owners, offering a constant salary to agents may limit their incentive to really chase sales. For property seekers, employing this type of agent may lead to a lower-quality of customer service because they have no exclusivity over your listing if selling, and comparatively low incentives to do what it takes to find you the perfect property if you are buying. The quality of service of this type of agent will depend solely on the reputation of the agency – so choose your real estate agency wisely.Employed Commission-Based Agents:This type of agent is likely the most common way of working in any real estate market. An employed commission-based agent is hired by an established real estate agency and is paid only when they close a sales deal. When they do sell, they will receive around 40 - 60 percent of the total commission share, and the rest of the commission will be given to their agency. After all, they provided the agent with the collateral, leads and listings necessary for the sale. For agents beginning their career, this is an easy way to get started. Why? You will have access to the company’s listings and joint marketing efforts, meaning that no upfront costs or efforts are required from you. You will be rewarded on your success with high commission shares – but if you can’t sell, you won’t make anything. For property buyers and sellers, be aware that while many real estate agencies employ agents on these terms, not all agencies are as good as each other. Therefore, before you hire an agent like this, you must investigate the reputation of the agency that they work for. A good agency will assist you with all aspects of property purchasing and selling - such as inspections, valuations, marketing and legal considerations before and after the sale. Look for a wide set of skills and an intimate understanding of the local real estate market. Don’t settle for less.Freelance Agents:Freelance real estate agents were once extremely common in Cambodia. However, they are now illegal. Any real estate agent in Cambodia must be registered to a licensed agency. As freelance agents were liable for full commission on sales, they were more motivated than other agents to close a deal, and often worked harder to find a mutually beneficial contact between the buying and selling parties. The risk of working with ‘cowboys,’ however was high - freelancers will do almost anything to try and close a deal. The freelancer answers to no one, and no agency. For these reasons, only deal with registered real estate agents in Cambodia.If you are looking for an agent, the first place to look is the Cambodian Real Estate Agent Directory at Realestate.com.kh.

Obviously the construction industry is booming alongside the recent explosion of high rise apartment and condominium projects taking place across Cambodia. However, this recent surge in development is also benefiting some lesser known industries, those of which are working toward improving the end quality of these development projects for both buyers and sellers.Some products proving hugely popular to the latest new developments in Cambodia are onsite gyms, health and fitness amenities. A rise in these additional features in new developments nationwide reflects international consumer trends appearing in the Kingdom as they never have before. Speaking with Simon Rapoport, Country Manager of Seara, official importer of Life Fitness exercise equipment in Cambodia and full package gym design and installation professionals, we discover what is fueling this surge in demand for high end amenities within new development projects. “When we install the gym, we add value to the project immediately,” remarks Rapoport, “and we help to maintain trust between the developer and prospective real estate buyers.” As many new developments are being presold before their construction in Cambodia, the end buyer is instilling a lot of trust in the developer to provide all features promised when the apartment, condo or serviced unit finally becomes available for new tenants.  Tales of missing features when the development is finally ready for occupancy are rife throughout the industry – for instance, gym space provided as according to the presale project specifications, but no equipment to be seen at the final launch, or much cheaper branded equipment than first promised; previously touted roof top pools that are cut in final budget considerations; and the arrival of new management of serviced condos and apartments that don’t hesitate to ignore earlier promises of products and services once the project welcomes its new tenants. For this reason, says Rapoport, “the developers we work with increasingly want to see the gym constructed and fitted as soon as possible.” The reason being, “if the potential buyer comes to view the project mid construction, and the gym on the fifth floor has already been fully fitted with international standard equipment, even while the rest of the building remains a work in progress, the buyer has already witnessed the developer fulfilling promises within the presale specs.” Building a gym or sports facility first is an exercise in building one’s credibility in the market: “They’re saying, ‘Count on us – We said we will provide a world class gym, and look, here it is!’” remarks Rapoport. New developers are promising leading brands, such as the Life Fitness equipment that Seara Sports fit and maintain, and they want to prove this to new unit buyers who are voting with their feet across Phnom Penh. Sharon Liew, from Huttons CPL, notes that this credibility gap is caused by a lack of enforcement in the advertising legislation for false advertising surrounding the Cambodian property market: "In Cambodia, real estate marketers are free to misrepresent the development to purchasers without any legal repercussions. In Singapore and Malaysia though, for example, showroom units used to sell the development before it is completed must be exactly the same specifications and dimensions as the completed unit. If not, the buyer has a legal right to challenge the agreement and potentially void their purchase agreement." In the meantime, Sharon recommends buying from developers who include building and unit specifications as well as facilities included in the Sales and Purchase Agreement. Demand for health and fitness products within new developments also marks a clear conceptual desire for many home and investment buyers looking to move to modern home complexes throughout Cambodia. “Those who are buying units in these new developments are not simply looking to buy a home,” believes Rapoport, “they are buying a lifestyle.” “It’s all about health,” says Rapoport, and this concept is becoming cemented in the mindsets of consumers throughout Asia, and increasingly Cambodia. When new buyers see an apartment block that offers an onsite health and fitness center, they see the chance to purchase a better life – one in which daily fitness is guaranteed and doesn’t require navigating the congested inner-city.” For the same reason, new project buyers also desire other inclusive amenities such as cafes, restaurants, communal areas, sports facilities and onsite events. Sam Kiers, from Elevated Realty, notes that many development administrations only allow access to gym and health facilities to fulltime residents of that particular property.  However, a few condominium developments are less strict on these policies and open onsite gyms to family, friends and acquaintances of their occupants. Kiers supports this later trend as it represents an ongoing tool for developers and agents to introduce potential clientele to the building in a positive light.  The traffic an open-gym policy generally includes the type of potential clientele that the developer is seeking – relatively affluent, mobile and clearly interested in the fitness facilities the development has to offer. “Developing sustained interest in any new development is becoming more and more important with the condominium influx,” notes Kiers. And it is not just international developers seeking these features, says Rapoport, who has witnessed a surge in local developers wishing to integrate gyms, sports grounds, pools, and steam and sauna facilities within their new projects. Throughout the market, quality is in demand. And quality does not limit itself to the building alone, suggests Rapoport – “It is intimately connected with the quality of life a new development can conceptually represent.”

The Cambodia Property Expo is coming! Don't miss out on buying your tickets.And, once you are there, make sure you come and chat to the team from Realestate.com.kh at our VIP expo booth. More details soon...

VIPs from across Phnom Penh and abroad joined on Friday night to welcome the East One Apartments on to the Cambodian real estate market. Held on the 14th August at 5:00pm till late, at the East One Showroom on Sihanouk Boulevard, East Land Development Company Ltd., a Hong Kong based company, in association with Huttons CPL Cambodia, invited buyers and honorary guests to learn more about East Land's profile and direction in the Cambodian market, and to view their latest project release - East One Apartments, located on Street 51. The occasion offered a chance to anyone wishing to learn more about the East One project to eat, drink and listen to the benefits of investment on presale terms, including Special Loan Packages for new Unit buyers at East One Apartments at particularly low interest rates. East One is being offered with 22.5% Guarantee Rental Return (GRR) over 3 years upon projected completion in the first quarter of 2017. This GRR is rebated to all buyers as upfront discounts. The development is selling fast already, with almost 50% of units presold. See the Full Listing Here For more information and to arrange a viewing, please contact us today or visit the East One Showroom - Opposite Cell Card, and next to ANZ Royal on Sihanouk Boulevard. (#182, Preah Sihanouk Blvd , BKK1, Chamkarmon, Phnom Penh).

Welcome to the East One VIP Event Tonight - 14th August at 5:00pm. East Land Development Company Ltd. and CPL Cambodia would love to invite everybody to come down to the East One Sales Office, on #182 Sihanouk Boulevard opposite Cell Card and next to ANZ Royal, and enjoy a light refreshment with us. The occasion will offer a chance to anyone wishing to learn more about the East One VIP Promotion that beginning is today, which includes Special Loan Packages for new Unit buyers at East One Apartments at particularly low interest rates. Read More Info about East One Apartments Here and see Realestate.com.kh's Featured Listing for East One Units Here. Register now to join the Event.

See the Full Listing HereLocated on the corner of Street 214 and 51, between the four icons of Phnom Penh - Independence Monument, Royal Palace, National Museum and Central Market - East One Apartments offers a prime location to anyone working in international embassies, Government ministries and the Central Business District; or for anyone who wants to feel the pulse of Phnom Penh city. All East One high-rise residents are guaranteed the best river views in town… Because the apartment complex is located alongside the border of the Royal Palace, all surrounding buildings now have height restrictions of no more than 10 floors on their titles. That means that if you buy an apartment unit between the 10th and 22nd floors in East One, your perfect view of the Tonle Sap will be secured for the future! All East One Apartment units come fully furnished with international brands “American Standard,” “Samsung,” “LG” and equivalent standard brands. Each unit includes all soft and hard furnishing to suit the space perfectly, as chosen by professional interior designers, including all electrical appliances for modern living. Meanwhile, the complex includes full service hotel-style amenities with rooftop swimming pool, café, car parking and full concierge service. Head downstairs to enjoy world class amenities and entertainment within walking distance of your new home, including the award winning House of Seafood and Breadtalk - two F&B brands direct from Singapore, more than 5 banks, various supermarkets, KFC, Browns Coffee, all major airline offices, and the host of nightlife which awakes every night along Phnom Penh’s famous Street 51. And you can rest assured that your investment at East One will be immediately profitable. Why? To assure rental returns for buyers, the East One Developer, Guangzhou Yuetai Group Co., Ltd., is guaranteeing a 22.5% rental return payable upfront as rebate to the purchase price. Meanwhile, demand for high end rental apartments in this area is particularly high generally; the nearby Maline Apartments, for example, is renting studios at $1500/month, which equates to more than 10 percent rental return. Guangzhou Yuetai Group Co., Ltd., with over 8 Billion Yuan in total assets, has huge experience in building and managing service apartments to a world class standard. In 2003, Yuetai Group acquired Donghua Enterprise, a listed company on the Shanghai Stock Exchange, and successfully built its own property brand known as ‘Swan Bay,’ renowned across China for luxury living solutions. Swan Bay comprises over 20 high-end real estate projects in over 13 cities across China, exceeding 4 million square meters. Yuetai Group has won various honors for their real estate developments, including the Guangdong Top 20 Real Estate Qualification and Credit Enterprise Award, Guangdong Top 100 Private Company Award, the Guangzhou Top 10 Most Competitive Real Estate Developer Award, Guangzhou Trustworthy Brand Developer Award, and a Contract Abiding and Creditable Enterprise Award, to name just a few. See the Full Listing Here For more information and to arrange a viewing, please contact us today or visit the East One Showroom - Opposite Cell Card, and next to ANZ Royal on Sihanouk Boulevard. (#182, Preah Sihanouk Blvd , BKK1, Chamkarmon, Phnom Penh).

A lot of people talk about buying investment property. However, this is not always as simple as it seems. To make any property a lucrative investment, you need to buy the right investment property and you need to manage it correctly.Here are the top three ways to make your real estate earn extra income for you and your family.#1 - Buy a Rental Property: If you want to see your new property investment making money immediately, you should buy a property that you can easily rent out to someone else. The benefit of a rental property is that you can sell the property at a higher price than what you purchased it for - due to the appreciation of the land beneath it - while, at the same time, you collect an additional rental income. The rental income will help supplement your mortgage repayments on the property – or could even exceed them. In which case, you will receive extra money each month as landlord. When buying a property that you intend to rent, however, you must try to choose a property that has market value now. If it does not attract rental tenants straight away, you won’t see any money in the short term meaning you struggle to pay the mortgage repayments. So when you are looking to buy an investment property to rent, you must consider:Is it in a popular location for potential tenants? Eg. Close to universities and schools, close to shopping centers, close to major employment centers etc.Is it suitable for expat renters? If so, you can make more from rental opportunities if you market the property correctly to expats.Is the property currently livable? You may need to furnish the property, and make the property more attractive for potential renters. Eg. Consider security precautions; consider supplying services such as wi-fi or cable tv.All of these things require investing more money into the property but may be necessary to guarantee tenancy.Obviously, this also means you must have another property where you can live while you rent out your investment property. Alternatively, if the property is suitable, you may be able to live in part of the house, and rent the rest of it to tenants. Read #2 Here

A lot of people talk about buying investment property. However, this is not always as simple as it seems. To make any property a lucrative investment, you need to buy the right investment property and you need to manage it correctly.Here are the top three ways to make your real estate earn extra income for you and your family. Missed #1? Click here to read them first!#2 - Buy a Property to Live in with High Appreciation Potential: This is what most people immediately think when they think of the term “Investment Property.” Invest in real estate that you will live in yourself, and hope that while you stay there, the price of the land will rise enough to cover the mortgage that you took out to initially buy the property. If the property appreciates sufficiently while you stay, you will make money on top of the mortgage and this is your end profit. This is also an investment suitable for those who don’t want to rent a property. When you rent for a long time, you might feel like you are wasting money by giving it to your landlord. If you buy the property, this money you would have spent on rent is instead going to be spent on the mortgage repayments. When you are ready to move from the house, you have the opportunity to make money on top of any costs of the mortgage. But remember:This is a much harder game if you don’t have upfront cash to buy the property or subsidize the loan – because the mortgage repayments are going to eat into your investment earnings.It also requires a better understanding of the real estate market trends that you are in, as you must find a property that will appreciate reasonably quickly.This investment tactic tends to take longer – in that you may need to wait for many years before the property appreciates enough to be worth selling again.It also requires economic stability during that period, increasing the risk.But, if you choose the right property, in an area appreciating fast, this type of investment strategy can work. And meanwhile you always have a place to live. Here’s what to look for:Property and land tends to appreciate naturally as other things develop around it, so when you look for an investment property to live in, try to choose upcoming areas. Places where maybe the level of infrastructure is currently lower – but clearly rising quickly.Don’t buy in areas which are already fully developed, unless you get a very competitive price when you buy the property. The appreciation in these areas is likely to be slower.Look to see where other people are choosing for investment and speak with real estate agents.Always research the market before buying a live-in investment property.A note regarding Land Investment: If you want to simply invest in land – you must invest at or below market value. If you spend too much on a land investment, your risk that it won’t increase in value is high, and meanwhile, you get no benefit from the property what so ever.Read #3 Here

A lot of people talk about buying investment property. However, this is not always as simple as it seems. To make any property a lucrative investment, you need to buy the right investment property and you need to manage it correctly. Here are the top three ways to make your real estate earn extra income for you and your family. Missed #1 or #2? Click here to read them first!#3 - Buy a property, Increase its Value, and Flip It: Potentially the fastest way to make a return on your investment is to buy an investment property that you will be able to improve through renovations and then sell for more than what you originally bought it for. Yet, no money is easy money – and some investors do not consider the true costs and skills necessary to buy, fix and flip property.One way to do this is to invest in a ‘property with potential’:A property with potential is one which is currently underdeveloped – but has potential to be a very attractive property with a little work and money.Yet, again, location is everything when it comes to re-selling property. So not everyone has money to buy in the right area and then spend money developing the property.Remember - Always get a professional valuation before you purchase any investment property, and this will help you find out how you can realistically increase the properties market value.Once you have developed the property, re-value it and see where its market value has moved to.There is no doubt that this option requires significant upfront capital – cash now. But if you have it, buy more and get a discount:Developers and other property investors with various properties will often give a much better price if you are willing to buy a number of properties.The money you save with this bulk discount can be used to improve the property for resale.You could consider buying a whole floor of a condominium building, for instance, then live in one unit while you rent out the others, or renovate the others for resale yourself.Then, sell all of the units at a higher price when the land beneath the condo appreciates.Missed #1 or #2? Click here to read them first!

Currently, the private sector is the only real force bringing fire prevention and response considerations into new building developments in Cambodia, says Paul Hurford, Managing Director of Azisafe Cambodia. Yet, even these standards can prove problematic in the Cambodian firefighting environment. [caption id="attachment_77921" align="aligncenter" width="540"] Hong Menea, Phnom Penh Post[/caption] The Fire Prevention Law, which is currently in force in Cambodia, is an overarching document that represents a cross between a fire safety law, a fire service law and a catalogue of emergency response standards. “It reflects a law that was intended to have specific regulations created under it,” says Hurford, “yet these regulations have yet to be created.”This means the law currently has no direct compliance mechanisms, and little practical application. [caption id="attachment_77915" align="alignleft" width="200"] Hong Menea, Phnom Penh Post[/caption] Many new buildings currently being erected throughout Cambodia claim to bring international standards of fire safety, fully integrated into the new building’s design. However, Hurford notes, while Singaporean, Malaysian and Hong Kong fire standards are increasingly integrated into new developments, these countries have some of the best fire services in the world in regards to response capabilities and external fire infrastructure. “Although a new development may incorporate international standards in regards to fire prevention within its design – if the local fire service arrives and their equipment has different couplings to those installed inside the building, these international standard systems are immediately useless.” The same issue occurs when the response team is not trained in using these internal firefighting systems. For these reasons, to achieve worthwhile fire design, emphasis must lie on emergency response mechanisms related to each building, and appropriate training for first response teams for that building, says Hurford.  This means compatibility with available local firefighting equipment, but also a strong emphasis on training and response protocols. Some new developments are taking matters into their own hands in this regard, employing and training in-house firefighting teams. Hurford agrees with this measure, as “realistically, each development must be self-sustainable if they want to control fire risk in Cambodia.” This includes internal systems capable of fighting the fire, such as sprinklers, alarms, and appropriate extinguishers, but always combined with emergency protocols, training and education. Hurford notes that for developers, given the potential risk to their investment – “no one is really doing enough.” Meanwhile, response capabilities of the Cambodian fire service are limited by an equipment and skills gap. The Cambodian fire service exists within a culture of donation in regards to equipment, suggests Hurford -as internal funding is seldom afforded, there is an expectation that equipment will be donated. But this raises issues when that donated equipment does not suit the Cambodian firefighting environment. For example, says Hurford, the Japanese have donated many fire engines to the Cambodian fire service. While the equipment donated is of a high standard, it is suited to a Japanese firefighting environment where fire hydrants are always readily available.This means the trucks only have very small water tanks. In Cambodia,there are very limited hydrants available and, therefore, for a firefighting team to be successful, it must carry all necessary water to the scene of fire. “This is just one example,” notes Hurford “but it is symbolic of the Cambodian fire service’s equipment problem.” [caption id="attachment_77925" align="alignleft" width="350"] Hong Menea, Phnom Penh Post[/caption] Hurford suggests that the only way for the Cambodian fire service to move forward is to create standards suitable to Cambodia’s needs, tailored to Cambodia’s means – then train across the board on these standards. A few groups are currently trying to help with this, such as Eurocham’s current work on the new Construction Law, and the IBCs involvement with the Building Standards and Fire Safety Committee – both of which are working alongside the Government to move from a reactive state of affairs, toward reaching standardized fire safety mechanisms that will really save lives and property. Hurford is currently involved with the formation of the Emergency/Fire Response Working Group, set to meet for the first time this August. This working group shall bring together all government departments involved in emergency response mechanisms, along with private sector members with experience in the field of emergency response. The group shall conduct mutual trainingexercises for its members, and try to standardize training and communication procedures throughout the country. While this group is still very much in its infancy, it has already been endorsed by the Police Commissioner and Ministry of Interior. Hurford notes that everyone trying to work together on this is in itself a forward step.real estat

It is extremely easy to create a new listing on Realestate.com.kh. However, there are some simple ways you can improve your listing quality and make sure every property you list on Realestate.com.kh gets the views and sales leads it deserves.The real benefit of Realestate.com.kh is that now home buyers and renters don't need to run around town looking for their new property. Instead, they can go online and find the perfect property without even leaving their chair. But if your listing quality is poor, this benefit is lost.Therefore, the better your listing looks, the more views your listing will receive from prospective buyers - and the faster you will sell or rent that property. Follow this step by step user guide to make your listings as professional and salable as possible, and don't let prospective buyers and renters slip between your fingers.The Top 5 Listing Tips:1) Upload more than 3 Photos:The more photos – the better. After all, a picture speaks 1000 words.Realestate.com.kh's data shows that your chances of selling an item can increase by 85% if you upload more than three images.It is very important that the photos you upload are of the actual property you are selling, as this will show potential buyers exactly how the property looks - and prove it is a genuine property for sale.Always use a camera, not your phone!Take photos in the day time when the sun is out! Make the property look as light as possible.Take a photo of every room in the house, and try to include any eye-catching and unique features that will draw users to your listing.Some buyers who are accessing the site from outside Phnom Penh, or internationals who are searching for property from overseas on Realestate.com.kh, can’t view the property in person, or may have trouble navigating new cities in Cambodia - So they rely on the photos more than most property seekers. Therefore, it is wise to make sure you and your agent take high quality photos - and lots of them.Furthermore, in most cases, the user only wants a physical property inspection if they really like the look of the property. There are so many properties to choose from on Realestate.com.kh, that home seekers will not waste their time looking at properties that may not suit their needs.Upload landscaped images. If the image you upload is portrait it appears cropped on the listing until the image is fully opened. If the image uploaded is landscaped, it looks good even when embedded inside the listing. So always flip it before you upload it.2) Write an English AND Khmer Description, and don't skimp on the Details: Write an English AND Khmer Description, and add as much detail as you can. This is your chance to tell the world about what your property has to offer. Some things you should include in the description are:What title do you have for that property - soft, hard, strata etc.?What is the properties current use?What are the property's potential uses?What are the amenities that are close by - schools, hospitals, shopping centers etc.?Is the property's location free from ongoing construction?What special features does the property have? If there is something special about the property, tell everybody!How about the road quality and quality of infrastructure near the property?Has there been any recent renovations to the property?Do any services come free/inclusive?Is the price negotiable?Are contractual terms flexible?Are their benefits to long term rental agreements (if a rental)?REMEMBER, do not rewrite the price, size of the property, number of bedrooms and bathrooms, your email address or phone number etc. in the description section, as this confuses the user. Instead, use the dedicated sections where you can tick the features of your house.3) Get your Contact Details Perfect: Your listing is a waste of time if people can't get hold of you! So make sure your contact details are perfect. Additional detail builds trust and brand awareness across your profile and your various listings!Give a clear phone number and name in the relevant section.Take time to improve your "Personal Profile." This profile allows you to give some extra information about yourself and/or your real estate agency. Completing this profile before you list is the perfect way to create a sense of trust and familiarity between yourself and potential buyers and renters. The more people know about you, the more people will see you as a legitimate seller/renter.If you are an agent you should include your agency’s name and upload your business’ logo to your profile.Whenever your logo is spotted on a listing, buyers will immediately know who you are, and your Agency's reputation. This recognition will ensure you benefit from the reputation of your agency's brand, your previous transactions and build long lasting and profitable relationships.Also include a professional photo of yourself if you are an agent.If you have any online references from previous clients who recommend your services, or ex-tenants who have positive reviews about the property, or a personal LinkedIn profile, include these all in the listing - and inside your profile.Make sure you are registered on Realestate.com.kh's "Find an Agent" section too - and complete the profile.4) Make your Headline Count:Add a "Property Headline" in both English and Khmer - and make it count. If it is simple and clear, people will find your items before they find another.Realestate.com.kh has thousands of listings, so you need to make sure your title summarizes what you have to offer.Think about what people search for, and make a title that includes key search terms.Give a short, simple and relevant name to your listing. For example, “Big Villa for Sale in Toul Kork” or “10th Floor Condo Unit On Street 51” are ideal name choices.Save any description for the dedicated description section.5) List a price - Don't list Price On Application (POA): At Realestate.com.kh we have found that potential buyers generally read the home’s description and expect to see a listed price. As such, we strongly recommend that you include a price on any listing.If a home features a long list of unique details but lacks a sales price, buyers tend to think the home is very expensive or potentially overpriced.Make it easy for someone to investigate your home further by providing as many details as possible – including a list price.If the price is negotiable -  let the user know.If the terms of sale/rent are negotiable - let the buyer know.Ready to make a listing? Sign up for an account with us now!

Mr. Sorn Seap, the current acting-president of the Cambodian Valuers and Estate Agents Association (CVEA), has witnessed the real estate and valuation industry learn to walk in the last 10 years of his career. [caption id="attachment_77779" align="alignleft" width="328"] Hong Menea, Phnom Penh Post[/caption] “Previously, entry into the valuation industry required no qualifications whatsoever,” Sorn recalled. “An appraiser, who always doubled as a real estate agent, was guided solely by their experience in that particular market and their relative understanding of any property market’s value.” Meanwhile, the same ‘rule of thumb’ was the only standard that valuation seekers could consider when choosing an appraiser. For these reasons, the National Valuers Association of Cambodia (NVAC) was launched in August 2008 by the initiative of H.E. Dr. Keat Chhon, deputy prime minister and minister for Economy and Finance. In 2009, the Association was adopted for the 8th full member of ASEAN Valuers Association (AVA) and duly imported the association’s standard of professional ethics into their mandate. Yet, with insufficient members to neither consolidate the interests of the entire market nor standardize land prices, the Association changed its name to the Cambodian Valuers and Estate Agents Association (CVEA) in April 2011 and included real estate agencies within the association.  Now, the CVEA has a registered membership list of 60 real estate agencies and valuation companies. They provide a code of conduct for ethical practice and professional standards to all of their members, which are endorsed by the MEF. They also host educational events for their members to encourage better practice throughout the industry. The demand for property valuations is clearly rising throughout the Cambodian economy, said Sorn, but this demand is also diversifying in Cambodia. While traditionally Cambodians only sought valuations in order to raise finance for a home or business loans offset by the value of their property, increasingly, valuations are being used by Cambodians as a tool to apply for visa applications, negotiating joint ventures and in order to assist in share issuing. This new demand is coming with a greater understanding within the valuation markets, believes Hin Socheat, director of research at Bonna Realty Group. “Average Cambodian property buyers and sellers are increasingly aware that if their property valuation reflects any bias whatsoever, their interests are at stake – whether it be through a lessening of their financing potential or damaging trust in a joint venture proposal,” he said. In addition, Hin  said banks and lending institutions can put themselves at additional risk when offering sizable low interest loans to clients on falsified valuations. Sorn suggests that “the general population still largely sees appraisals as a market value estimate and very little more.” In fact, international standards of valuation require a considerably technical and scientific approach to the factors involved in reaching that value estimate and a code of ethics that eliminates any possibility of bias. Meanwhile, valuation documents are generally produced in English in Cambodia– leaving a language barrier for many consumers. “All they see is the final valuation number, and this leads to a superficial understanding of the process behind that number,” said Sorn. Yet, without compliance mechanisms or overarching regulation, professional and domestic investors, including average home buyers and sellers in need of valuations, still must consider the credibility, company background and experience of any valuation company or independent appraiser before using their services. Hin mentions, for instance, that Bonna Realty Group received accreditation from the Security Exchange of Cambodia (SEC) at the end of 2014, meaning they have the necessary professional valuation standards to value Initial Public Offerings joining the Cambodian exchange market. Standardization of the valuations market may not be such a distant future for Cambodia, however. According to Sorn, the CVEA is currently working closely with the MEF to define an appraiser’s code of conduct and an overarching real estate law for Cambodia, both of which will enter into force in the coming years. “The hope of the MEF and CVEA is to complete this consultation and drafting process by 2017,” said Sorn. To draft these new laws, the MEF and CVEA are importing international standards from the Royal Institute of Chartered Surveyors (RICS), a world renowned land qualification and valuations authority and a regulatory regime that is proving popular in neighboring countries and in the Codes of Conduct of various Cambodian appraisal firms, including Bonna Realty Group, who is a member of CVEA. Malaysian standards of practice have also been a focal point in these consultations between the MEF and CVEA. Meanwhile, the CVEA and MEF are currently in the process of raising funds to bring the RICS training body to Cambodia to begin training programs on these codes of ethical practice within the real estate and valuation industries as soon as possible. Want to learn more about how a valuation can benefit you? Learn more and get a valuation today - right here on Realestate.com.kh

Currently, the term “International Standard Development,” increasingly touted in Cambodia, means bringing an international team of sub-contractors to Cambodia who understand and practice these standards, said Elain Younn, Director of  240 Development Company Ltd , a seven floor condo complex situated in the heart of BKK1. Yet, local developers who can’t connect with international standard sub-contractors are struggling to incorporate these standards alone. This is only natural, said Younn, a Khmer national with Australian dual-citizenship, as it was only a few years ago that local developers were building no more than villas and other low rise buildings. These could be done to a reasonably high standard using domestic sub-contractors due to their size and manageability and a vast local experience in constructing these types of buildings. However, now the Cambodian development property market horizon has leaped forward, leaving a yawning skills and understanding gap. If a local developer has the means, they can now get a permit to develop a high-rise apartment building and by doing so, enter a far more lucrative market where both Khmers and foreigners can buy. However, this is a far more advanced design and structural feat of which most local developers have never had experience, said Younn. “For this reason, Cambodian developers are increasingly employing Thai, Singaporean, Vietnamese and other international architects to help them plan new developments,” said Younn. 240 Development contracted Gary Fell, an English architect and founder of GFab Architects Indonesia, whose other Cambodian projects include the Sheraton Hotel in Siem Reap, the FCC in Siem Reap and iCan International School, of which Younn is the owner. Yet, in terms of construction standards, local developers are not ready for the cost of this guidance, suggested Younn. To bring in international sub-contractors for the construction process, including structural engineers, plumbers, electrical engineers, lift installation specialists, security equipment and fire safety standards, the cost of the completed project rises more than threefold—as Younn is intimately aware, having contracted various renowned international contractors for 240 Condo project. Still, this is only natural for local developers, as the relative prices at which they can sell the finished units doesn’t rise to match the additional costs of international standard compliance. For Younn, the livability and peace of mind that international standards of design and construction offer to buyers and occupants easily justifies the higher costs of importing these standards for 240 development set to open in just over a month, after almost 6 years of construction. Furthermore, no one is holding local developers accountable. In their building permit, developers only define the type and scale of their project, and at the completion of the building process, all that must be checked is that the final development has maintained the permitted specifications. The permit is purely procedural, and no additional checks are under taken to ensure any standards of quality have been reached. No outside the auditing company or the overarching inspection contractor is responsible; the only checking is done internally by each sub-contractor. With the Cambodian Construction Law currently entering the final stages of drafting, however, this could all change. The new legislation will provide an overarching law for the building industry, a national building code with individual prakas will also be required to address building standards pertaining to project management, work site safety , fire safety and building control, just to name a few. Younn commented that the practical power of the new law will be in its inspection requirements and compliance strategies. If there aren’t strong compliance efforts and education of the market as to how these standards are maintained, it seems unlikely to have the necessary effect because it will be competing against market value. If the will to enforce is there and reflected in compliance measures, however, Younn believes that Cambodian construction can move forward – as has been seen in other areas such as the recent tax reforms. Regardless of the new law, however, Younn believes an ideological shift is currently occurring in the minds of both local developers and local property investors. As more and more international standard developers are coming to Cambodia, they are demonstrating what is possible in the property sphere. Meanwhile, each international development brings with it huge resources and expertise which are slowly but surely educating the local developers, subcontractors and the market on how to properly take on these grand scale projects. This means local developers are striving to build world class buildings, as innovative and impressive as those being erected around them and built to international standards. As importantly, they are gaining the necessary contacts to help them do that. Market forces are changing too, said Younn, as consumers are more and more willing to pay for quality: “What we are seeing across the development market is an ongoing education process with real and physical examples that demonstrate the value of quality – and this means people no longer feel assured living in substandard buildings.” Look at Aeon Mall, for example, remarked Younn, “it is built and managed to an international standard and consumers and international retailers are instantly responding to this through their demand.” “It is like a child learning to walk,” summed Younn. “We are walking in Cambodia now, but we need to make sure it is in the right direction.” Yet, as Cambodian property market is redefined by international developers at a rate previously unseen, “there is no way we can walk backwards.” And as the new construction law enters force in the coming years, this progression seems assured.

The strong growth in the economy has largely coincided with the construction boom in Phnom Penh and all over Cambodia. However, a recent trend that is symptomatic of the burgeoning amount of construction across Cambodia is the increase in house and business break-ins proximate to construction sites, said John Muller, Managing Director of Global Security Solutions (GSS) Cambodia. Although statistics are hard to come by, Muller, a security professional with almost 30 years of experience in South East Asia, and who follows this issue closely has noted a rise around construction sites where workers have ample time to survey the movements of occupants, determine their wealth and assess easy access points. He also noted that recently there have been various cases of increasingly bold break-ins where people are entering while occupants sleep and even entering bedrooms to take high value items. In order to mitigate this risk, says Muller, those living or working near construction zones should assess the most vital areas of their home or business, and secure those areas. “Your most vital areas are always the areas where there are people, first and foremost, and, secondly, the areas where you keep your most valued property,” he said. Always try to have only one point of entry to your home or business, recommends Muller, as keys are extremely easy to copy in Cambodia and locks are easy to break. House help and private security guards always represent a certain level of human risk as they assume positions of trust, yet may not attain a high enough salary to resist opportunistic theft or collusion with outside interests. Therefore, for those with the means, non-key personalized entry systems will avoid these risks, such as fingerprint or retina scanning systems and cameras on main entry points. Outside your property, trees on the borders of the property can act like ladders and cover for anyone hiding on the outskirts of the property. Lighting should be considered and sodium yellow lighting casts a shadow better than any other outdoor lighting, making intruders more obvious to you, your dog and any motion detecting alarms. Motion detectors are recommended outside the home or business, says Muller, connected to a siren alarm. However, if you have a large outdoor area, maybe a commercial property, motion detectors and cameras may be too expensive to monitor the whole area – in which case a dog and/or a professional guard may be the best option. Cameras are always recommended for the outside of your house and the main roadways because it offers a basic deterrent, regardless of whether or not they are functioning. If you have a camera outside, potential intruders see your house as a hardened target, comments Muller, and assume you have other security measures inside. Andre de Jong, Managing Director of Robert Bosch (Cambodia) Co., Ltd., suggests this increased risk of break-ins should really be mitigated by the building developer in charge of the construction crew – who has a duty to ensure on site security measures during the construction stage of the development. By installing cameras on the construction site borders, the property developer can deter construction workers from entering neighboring properties at all times. Furthermore, once the developer invests in such security equipment, this is not wasted capital whatsoever – as these systems can be transferred from the perimeter of the site into the new development once construction is complete. Such construction site security standards are standard policy for many international developments currently underway in Cambodia. However, it is not yet enforced in Cambodian building codes and legislation–something that de Jong hopes to see change in upcoming construction law policy reviews.

In Cambodia there are remarkably low penetration levels of insurance – among the lowest in the world. This results in risk and insecurity for those with assets such as property.Cambodians are, however, starting to realize the benefits that investing in insurance can bring and Cambodia’s insurance industry is rapidly expanding. For the consumer, this means more and more affordable ways to protect your vehicle, home and business.The majority of companies in Cambodia invest in property insurance.This means, for example, if the business is a manufacturing factory then this insurance would protect that business against the danger of fire and flooding. There has also been a surge in businesses buying interruption policies. Properties can be insured up to the cost of construction by owners or renters. Get in touch with one of Realestate.com.kh’s professional insurance contacts today and find out just how affordable peace of mind for your business assets can be. Khmer’s who are insured already generally tend to be older, aged 35 or above, and these Khmers are aware of the risks that exist and have enough assets that their risk is significant. Insurance gives peace of mind in protecting those assets.Residential property owners however are largely uninsured or underinsured in Cambodia.This is a very risky state of affairs and in some ways illogical when the cost of insurance is considered. For example, if your 3 bedroom home in Toul Kork, Phnom Penh, valued at $200,000 was to be damaged by fire, storm or a flood – it would cost all of your life savings to rebuild. An appropriate policy covering you against this risk might cost less than your lunch on a daily basis! Meanwhile, your life savings would be free from the burden of rebuilding your home, as would your mind be free from stress of that risk.Taking out property insurance if you’re renting a property in Cambodia is wise too, unless it’s written in your lease agreement that you are not responsible for damages to that property. These rental documents are typically very small, and may be unclear about the liability for damage to the building – so check with an insurance advisor or lawyer to guarantee you are covered for everything you think you are covered for.Insurance experts can help you identify where risk exists, quantify and analyze the various components of that risk, and help to develop suitable risk response strategies. Finally, they will offer you an insurance policy that will eliminate any financial risk. The insurance specialist’s job does not end there, however. They must continue monitoring these risks to determine how they change over time – and make sure you are aptly covered.If you already have insurance, it is also important to know exactly what your current insurance policy covers. Many property and business owners in Cambodia, and around the world, discover that their insurance coverage does not include what they thought it included - but when it is too late. Some are under-insured in Cambodia or are even sold the wrong insurance policy to start with. To avoid this situation you should be asking yourself very basic questions about your exposure across the entire range of possible problems.And the best place to start is by having one of Realestate.com.kh’s professional insurance contacts analyze your current insurance policies, and assess whether your risks are truly covered. Get a free quote HERE.

The Sihanoukville real estate market offers great variety to property seekers, Cambodia’s foremost beach-side resort destination. Take a look at Realestate.com.kh's range of seaside properties on the Sihanoukville real estate market, perfect for launching tourism ventures or securing the beach front view of you and your family’s dreams. Check out the latest breed of luxury condominiums shooting up in the Sihanoukville real estate market, serviced apartments and opulent french inspired villas located in the central city; or, if your budget’s a bit smaller, the host of affordable apartments, flats and borey houses outside of the inner-city are plentiful on the Sihanoukville real estate market. If you are looking for prime retail space on the Sihanoukville real estate market, industrial property or serviced offices for your business, Sihanoukville has a growing number of offerings and more and more new developments are appearing every day. The proximity of the city to the Sihanoukville deep sea port is attracting industrial investors and manufacturers at a rate previously unseen. The city is compact and manageable for a first time buyer, with very encouraging rules for foreign investors. Commercial Property on the Sihanoukville Real Estate Market: As Cambodia’s only port city, industry is booming in Sihanoukville of late as companies increasingly choose to open processing, manufacturing and assembly operations as near as possible to the deep sea port in order to ease costs of import and export. The labour market in Sihanoukville is also cheaper than in Phnom Penh, and supposedly easier to retain. This sector will only expand as the port is set to increase its capacity hugely by 2020. Offshore oil also exists in Sihanoukville. Read more about that here.Resort/Retail Properties on the Sihanoukville Real Estate Market: The islands off the coast of Sihanoukville are being sold to large scale resort developers, and a number of luxury hoteliers are also being granted exclusive property rights to large stretches of Sihanoukville’s beaches. These rights are being awarded despite often being already occupied by smaller hospitalities operators and local residents. What this means for real estate investors in these tourism hot spots is that you should be especially careful purchasing beachside or island property in Sihanoukville, as any new beach or island based business or home appears unable to totally guarantee their land title. There is apparently a risk that that land could be sold again without your consent, or possibly even an appropriate payout, as a number of occupants and vendors have already experienced in the last ten years. One way to protect against this risk is to always ensure due diligence when checking the legitimacy of titles and/or lease agreements when investing in these popular areas, or, alternatively, prospective Sihanoukville retailers can branch away from the beach hot spots where property titles are more dependable. Office Space on the Sihanoukville Real Estate Market: Serviced offices hardly exist in the Sihanoukville real estate market, such as the type available in Phnom Penh. Villas are widely available for low prices, however, and easily converted to business purposes.  Standards of building quality and connected utilities and infrastructure vary hugely across the Sihanoukville real estate market, particularly with older buildings such as villas. So before renting or purchasing any property make sure it meets all of your necessary infrastructural criteria. Read more about that here.Residential Property on the Sihanoukville Real Estate Market: There are a variety of apartments for rent in the Sihanoukville real estate market, available for short or long term leases, or purchase. Recently, some new, high-end condominium developments are also appearing. This means opportunities now exist for foreigners to own property in Sihanoukville. There are a various array of grounded houses/villas for rent in Sihanoukville also. Location will influence the rental or purchase price dramatically, as high property prices continue to rise around tourism and industrial epicenters of the Sihanoukville real estate market.