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Understanding property titles in Cambodia
February 24, 2020, 3:42 a.m.
Property Reviews
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(The Ministry of Land Management, Urban Planning and Construction / Phan Soumy)What is a property title?A title or ‘deed’ is an official document confirming who owns the property, its location, and what rights the property owner enjoys. It should be noted that a significant percentage of land in Cambodia is not registered with the National Land Office and has no official land title certificate to secure the land on behalf of the owner.During the civil war period between 1975 and 1979, all Cambodian land title records were destroyed. This made any definitive proof of property ownership impossible after the war. A land law was passed in 1992 to establish the groundwork for land ownership, but it wasn't until its 2001 revision that allowed private ownership of land in Cambodia. The 2001 Land Law allowed for the creation of a land registry system enabling the issuance of Cambodia land titles. To date, over two million Cambodian land titles have been issued to citizens.Property ownership can now be secured by one of three forms of Cambodia land title: Hard title, Soft title, and Private Ownership in Co-owned Buildings – also known as Strata Title. In addition, an LMAP title is also now available.One of the most frequently asked questions is "Can foreigners own land or landed property in Cambodia?" The quick answer is No. The Cambodian Constitution prohibits foreign nationals from owning land and landed properties in the country.There are, however, indirect mechanisms of "ownership" such as the Nominee structure and Land concessions for development. Visit our guide to Property Ownership Mechanisms for Foreigners in Cambodia for more information.Hard Title in CambodiaHard titles are the most secure proof of property ownership and are considered the best Cambodian land title.Hard titles are certification of ownership provided by the Cambodian Land Management and Planning office. Hard Titles also include detailed information recognised and certified at a national level by the Ministry of Land and the Cadastral Office. It should be noted that a transfer tax applies when hard title transactions occur.A quick summary of what is a Hard Title in Cambodia:The Hard title is the strongest form of property ownership in Cambodia.In the rare occurrence that a disputed land has both a Hard Title and a Soft Title, the owner of the Hard Title will win the dispute.A Hard title is a land ownership certificate provided by the Land Management and Planning office.Hard titles contain detailed information that has been duly recognised and certified at a national level with the Ministry of Land and the concerned cadastral office.A Transfer tax of 4% per cent will be paid based on the total property value upon the facilitation of the Hard Title transfer.The facilitation of a Hard Title transfer usually takes up to 12 weeks.Foreign nationals are constitutionally prohibited from obtaining Hard Titles. By extension, this prohibits foreign nationals from owning land and landed properties in Cambodia.Soft Title in CambodiaA Soft Title is the most commonly issued Cambodian land title. The Soft Title, however, is only recognised at the local government level. Soft titles are provided at the local Sangkat or district office and are not registered at a national level.The Sangkat (commune) or Phum (village) chief will issue a letter of possessory rights, which refers to the right of “possession” of property. A person is in “possession” of the property when she/he physically occupies the property but is not the owner of the land as recognised by the authority.Although not as secure as a Hard title, they are still considered evidence of possession. Historically, many land transactions have occurred as soft titles to avoid transfer taxes and fees. However, most new major developments are being transacted with hard titlesA quick summary of what is a Soft Title in Cambodia:A Soft Title is the most common form of ownership and the most commonly issued Cambodian land title as the transfer taxes and fees are cheaper than a Hard Title.It is estimated that 85% of Cambodian property owners only have Soft Titles to back up their property claims.It is a Cambodian land title that is recognised at the local government level (Sangkats & Khans).Soft Titles are provided by the local Sangkat or District office and are not registered at a national level - but are still considered a valid legal document of ownership. Soft Titles are relatively cheaper and quicker to acquire for Cambodians.Estimated to take anywhere between 10 to 12 working days to process.Foreign nationals are prohibited from owning a Soft Title. By extension, this prohibits foreign nationals from owning land and landed properties in CambodiaCambodian Strata TitlePrivate ownership in co-owned (strata) buildings is a recently introduced form of property title that also allows foreigners to legally own property in Cambodia.Co-owned buildings or Strata-titled buildings are defined as buildings in which several owners reside, consisting of some parts that are the exclusive ownership of each co-owner (private units), and some other parts that are common spaces for the common use of co-owners (common areas).A quick summary of what a Strata Title in Cambodia is:A Strata Title is a special title commonly used for condo unit purchases that is available to both Cambodian nationals and foreign nationals.There are other mechanisms not necessarily involving a Strata Title available for property ownership for Foreign nationals which you can see in our investment guide.Strata Titles can only be granted if the property in question satisfies these criteria: Only applicable to buildings constructed in 2010 and beyond.Foreigners can only own 70% of the total surface area of the building or property.Strata Titles cannot be issued for properties on the ground floor and/or underground.Strata Titles cannot be issued for any property within 30km of the nearest land border.Private Ownership in co-owned buildings (also known as Strata Title) is the most recent form of ownership and allows foreigners to legally own property in Cambodia.Strata Title is a less common Cambodia land title, but the numbers issued are growing fast.Most new condo development projects offer this type of title to accommodate foreign demand to own property in Cambodia.The Law on Foreign Ownership’ was promulgated on 24 May 2010. This law limits foreign ownership to co-owned buildings. Foreigners still cannot own land, as it is unconstitutional.Strata Titles are issued by the Ministry of Land Management, Urban Planning, and Construction. This means Strata Titles are recognized on a national level.A Transfer tax of 4% percent will be paid based on the total property value upon the facilitation of the Strata Title transfer.LMAP Title in CambodiaTo improve land tenure security, a titling system called LMAP (Land Management and Administration Project) has been introduced in Cambodia.Based on official GPS coordinates, land plots are being registered throughout the country. Should an LMAP title exist for your property already, the borders have been agreed upon between neighbouring parties and are less prone to dispute.A quick summary of what is an LMAP Title in Cambodia:The LMAP Title is another property ownership title issued and recognised on a national level by the Ministry of Land Management, Urban Planning and Construction (MLMUPC) - along with the relevant cadastral offices.The main difference between the LMAP Title from a Hard Title is its inclusion of the exact GPS coordinates that determine the boundaries of the property in question.LMAP Titles can only be obtained on land that has been indexed on a cadastral map. So, if a plot of land has not yet been indexed, the LMAP Title cannot be issued for that property.If the MLMUPC is presently undergoing the necessary LMAP titling process in your village or area where you live, this means you only need to follow what your local authority informs you to do once the project is completed. It is their obligation to communicate with you.It is possible to own a Hard Title without an LMAP Title due to the above-mentioned limitation.A Transfer tax of 4% per cent will be paid based on the total property value upon the facilitation of the LMAP Title transfer.Foreign nationals are not permitted to own an LMAP title. By extension, this prohibits foreign nationals from owning land and landed properties in Cambodia.How to Transfer A Property Title in CambodiaWhen you purchase property or land in Cambodia, it is critical to obtain outright ownership in order to feel secure about your new asset. To complete the process for transferring land titles of ownership, there are particular steps that need to be followed, documents that need to be obtained, as well as the necessary consultations with relevant agencies.Step 1: Verify the title certificate with the relevant Land OfficeThe buyer will first need to verify the land title certificate with the Land Office at the Ministry of Land Management, Urban Planning and Construction (MLMUPC), to check for any debts or other claims to the property.This process requires:The buyer must obtain the original title certificate from the seller to verify their genuine ownership.The buyer will then verify the title certificate with the Land Office at the MLMUPC.The Land Office will inform the buyer if there are any liens (debts), mortgages, or other claims registered to that property.Relevant Government Agency: Land Office at MLMUPCEstimated time to completion: This takes approximately 10 days (should occur simultaneously to steps 2 and 3)Step 2: Obtain information on the propertyThe buyer must then obtain information on the property from the relevant Commune Council Official. This involves the buyer contacting the village chief or the Commune Council Official in which the property is located to obtain information about the land/property. In addition to this, an official search of the title should take place at the Khan/District Land Office.Relevant Government Agency: Commune Council (Relevant District/Khan office in your property’s area)Estimated time to completion: This should take approximately 10 days (we advise that this be done in parallel to Steps 1 and 3)Step 3: Obtain the certificate of incorporation and official documents from the sellerIf the landowner is a legal entity, the buyer must obtain;A copy of the ID of the shareholder, or person acting on behalf of the company.A certified/notarised copy of the Certificate of Incorporation of the seller’s company as issued by the Ministry of Commerce.Any other official documents from the seller relating to the company and the transaction.All of these documents are needed to verify the accuracy and identity of the company name appearing on the title certificate. Further documents needed to verify the seller’s authorisation to transfer the property to the buyer are;A special power of attorney.A Resolution signed by the Board of Directors from that company authorising the named individual (seller) to represent the company at the Land Office (MLMUPC).A power of attorney specifically stating that the seller can bring into effect that Resolution to transfer land titles of ownership to the buyer.Relevant Government Agency: Ministry of CommerceEstimated time to completion: This process should take around 10 days (should occur simultaneously with steps 1 and 2)Step 4: Apply for registration at the District Land Office (MLMUPC)When the buyer and seller, whether they are as an individual or a company wish to complete the property transaction, they must go together to the District Land Office at the MLMUPC to arrange, prepare, and sign the relevant documents.The documentation needed for this step is:The Company’s statute.The Company’s Certificate of Incorporation (obtained in Step 3).Both of the Power of Attorney documents (obtained in Step 3).The original Title Certificate held by the seller must be presented to the District Land Office at the time of signing the deed, in order to have the name of the new owner officially inserted on the document.Relevant Government Agency: District Land Office, MLMUPC (District Land Office of the Ministry of Land Management, Urban Planning & Construction)Estimated time to complete the step: This step takes between 20 and 30 days.Step 5: Pay transfer taxA transfer tax of approximately 4 per cent of the total value of the property is paid to the Ministry of Economy and Finance at the General Department of Taxation, in the district that the transferred property resides. A tax receipt is then issued to prove that the property transfer tax has been paid.In Phnom Penh, however, this tax is not assessed based on the true transacted value of the property; but, rather, based on a schedule of the price of property determined by the Phnom Penh Municipality. The assessed valuation by the Phnom Penh Municipality is based upon factors such as; the total number of square meters, the land’s location, use, potential use, and other variables.To put this quite simply the transfer tax is not based on the actual price of the land which is sold, which is usually the case, rather it is based on the assessed value made by the Phnom Penh Municipal office, which may be higher than the tax rates in other provinces.If the land is more than 1200 sqm, the surplus of the land will also be subject to “unused land tax.” For land less than 1200 sqm, the unused land tax is not applicable. The time for the General Department of Taxation to complete the calculation of transfer tax will depend on the location of the land and its size.Relevant Government Agency: General Department of TaxationEstimated time to complete the step: This process should take around 1 dayStep 6: Return to the cadastral office to complete the registration processAfter all relevant taxes are paid, the parties may return to the cadastral office at the District Land Office of the Ministry of Land Management, Urban Planning & Construction (MLMUPC) and sign/thumbprint an MLMUPC form for buying/selling real property, as filled in by MLMUPC official.The signing/thumbprinting must be witnessed by a local authority such as the commune chief, who will also give their thumbprint. These procedures are based on Land Law Articles; 65, 244 and 245. Land Law Article 69 bars the transfer of property unless all necessary taxes are paid. The documentation provided should include payment receipts of the transfer tax (obtained in Step 5).Step 7: Obtain the certificate of title from the Municipal Land OfficeObtain the certificate of title from the Municipal Land Office: The Khan/District land office forwards all the “transfer documents” to the Municipal Land Office where it issues the final Certificate of Title in the new owner’s name. It is now registered.Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now!Article by:
Understanding property titles in Cambodia
February 24, 2020, 3:42 a.m.
Property Reviews
Property Buyers & Sellers Advice
(The Ministry of Land Management, Urban Planning and Construction / Phan Soumy)What is a property title?A title or ‘deed’ is an official document confirming who owns the property, its location, and what rights the property owner enjoys. It should be noted that a significant percentage of land in Cambodia is not registered with the National Land Office and has no official land title certificate to secure the land on behalf of the owner.During the civil war period between 1975 and 1979, all Cambodian land title records were destroyed. This made any definitive proof of property ownership impossible after the war. A land law was passed in 1992 to establish the groundwork for land ownership, but it wasn't until its 2001 revision that allowed private ownership of land in Cambodia. The 2001 Land Law allowed for the creation of a land registry system enabling the issuance of Cambodia land titles. To date, over two million Cambodian land titles have been issued to citizens.Property ownership can now be secured by one of three forms of Cambodia land title: Hard title, Soft title, and Private Ownership in Co-owned Buildings – also known as Strata Title. In addition, an LMAP title is also now available.One of the most frequently asked questions is "Can foreigners own land or landed property in Cambodia?" The quick answer is No. The Cambodian Constitution prohibits foreign nationals from owning land and landed properties in the country.There are, however, indirect mechanisms of "ownership" such as the Nominee structure and Land concessions for development. Visit our guide to Property Ownership Mechanisms for Foreigners in Cambodia for more information.Hard Title in CambodiaHard titles are the most secure proof of property ownership and are considered the best Cambodian land title.Hard titles are certification of ownership provided by the Cambodian Land Management and Planning office. Hard Titles also include detailed information recognised and certified at a national level by the Ministry of Land and the Cadastral Office. It should be noted that a transfer tax applies when hard title transactions occur.A quick summary of what is a Hard Title in Cambodia:The Hard title is the strongest form of property ownership in Cambodia.In the rare occurrence that a disputed land has both a Hard Title and a Soft Title, the owner of the Hard Title will win the dispute.A Hard title is a land ownership certificate provided by the Land Management and Planning office.Hard titles contain detailed information that has been duly recognised and certified at a national level with the Ministry of Land and the concerned cadastral office.A Transfer tax of 4% per cent will be paid based on the total property value upon the facilitation of the Hard Title transfer.The facilitation of a Hard Title transfer usually takes up to 12 weeks.Foreign nationals are constitutionally prohibited from obtaining Hard Titles. By extension, this prohibits foreign nationals from owning land and landed properties in Cambodia.Soft Title in CambodiaA Soft Title is the most commonly issued Cambodian land title. The Soft Title, however, is only recognised at the local government level. Soft titles are provided at the local Sangkat or district office and are not registered at a national level.The Sangkat (commune) or Phum (village) chief will issue a letter of possessory rights, which refers to the right of “possession” of property. A person is in “possession” of the property when she/he physically occupies the property but is not the owner of the land as recognised by the authority.Although not as secure as a Hard title, they are still considered evidence of possession. Historically, many land transactions have occurred as soft titles to avoid transfer taxes and fees. However, most new major developments are being transacted with hard titlesA quick summary of what is a Soft Title in Cambodia:A Soft Title is the most common form of ownership and the most commonly issued Cambodian land title as the transfer taxes and fees are cheaper than a Hard Title.It is estimated that 85% of Cambodian property owners only have Soft Titles to back up their property claims.It is a Cambodian land title that is recognised at the local government level (Sangkats & Khans).Soft Titles are provided by the local Sangkat or District office and are not registered at a national level - but are still considered a valid legal document of ownership. Soft Titles are relatively cheaper and quicker to acquire for Cambodians.Estimated to take anywhere between 10 to 12 working days to process.Foreign nationals are prohibited from owning a Soft Title. By extension, this prohibits foreign nationals from owning land and landed properties in CambodiaCambodian Strata TitlePrivate ownership in co-owned (strata) buildings is a recently introduced form of property title that also allows foreigners to legally own property in Cambodia.Co-owned buildings or Strata-titled buildings are defined as buildings in which several owners reside, consisting of some parts that are the exclusive ownership of each co-owner (private units), and some other parts that are common spaces for the common use of co-owners (common areas).A quick summary of what a Strata Title in Cambodia is:A Strata Title is a special title commonly used for condo unit purchases that is available to both Cambodian nationals and foreign nationals.There are other mechanisms not necessarily involving a Strata Title available for property ownership for Foreign nationals which you can see in our investment guide.Strata Titles can only be granted if the property in question satisfies these criteria: Only applicable to buildings constructed in 2010 and beyond.Foreigners can only own 70% of the total surface area of the building or property.Strata Titles cannot be issued for properties on the ground floor and/or underground.Strata Titles cannot be issued for any property within 30km of the nearest land border.Private Ownership in co-owned buildings (also known as Strata Title) is the most recent form of ownership and allows foreigners to legally own property in Cambodia.Strata Title is a less common Cambodia land title, but the numbers issued are growing fast.Most new condo development projects offer this type of title to accommodate foreign demand to own property in Cambodia.The Law on Foreign Ownership’ was promulgated on 24 May 2010. This law limits foreign ownership to co-owned buildings. Foreigners still cannot own land, as it is unconstitutional.Strata Titles are issued by the Ministry of Land Management, Urban Planning, and Construction. This means Strata Titles are recognized on a national level.A Transfer tax of 4% percent will be paid based on the total property value upon the facilitation of the Strata Title transfer.LMAP Title in CambodiaTo improve land tenure security, a titling system called LMAP (Land Management and Administration Project) has been introduced in Cambodia.Based on official GPS coordinates, land plots are being registered throughout the country. Should an LMAP title exist for your property already, the borders have been agreed upon between neighbouring parties and are less prone to dispute.A quick summary of what is an LMAP Title in Cambodia:The LMAP Title is another property ownership title issued and recognised on a national level by the Ministry of Land Management, Urban Planning and Construction (MLMUPC) - along with the relevant cadastral offices.The main difference between the LMAP Title from a Hard Title is its inclusion of the exact GPS coordinates that determine the boundaries of the property in question.LMAP Titles can only be obtained on land that has been indexed on a cadastral map. So, if a plot of land has not yet been indexed, the LMAP Title cannot be issued for that property.If the MLMUPC is presently undergoing the necessary LMAP titling process in your village or area where you live, this means you only need to follow what your local authority informs you to do once the project is completed. It is their obligation to communicate with you.It is possible to own a Hard Title without an LMAP Title due to the above-mentioned limitation.A Transfer tax of 4% per cent will be paid based on the total property value upon the facilitation of the LMAP Title transfer.Foreign nationals are not permitted to own an LMAP title. By extension, this prohibits foreign nationals from owning land and landed properties in Cambodia.How to Transfer A Property Title in CambodiaWhen you purchase property or land in Cambodia, it is critical to obtain outright ownership in order to feel secure about your new asset. To complete the process for transferring land titles of ownership, there are particular steps that need to be followed, documents that need to be obtained, as well as the necessary consultations with relevant agencies.Step 1: Verify the title certificate with the relevant Land OfficeThe buyer will first need to verify the land title certificate with the Land Office at the Ministry of Land Management, Urban Planning and Construction (MLMUPC), to check for any debts or other claims to the property.This process requires:The buyer must obtain the original title certificate from the seller to verify their genuine ownership.The buyer will then verify the title certificate with the Land Office at the MLMUPC.The Land Office will inform the buyer if there are any liens (debts), mortgages, or other claims registered to that property.Relevant Government Agency: Land Office at MLMUPCEstimated time to completion: This takes approximately 10 days (should occur simultaneously to steps 2 and 3)Step 2: Obtain information on the propertyThe buyer must then obtain information on the property from the relevant Commune Council Official. This involves the buyer contacting the village chief or the Commune Council Official in which the property is located to obtain information about the land/property. In addition to this, an official search of the title should take place at the Khan/District Land Office.Relevant Government Agency: Commune Council (Relevant District/Khan office in your property’s area)Estimated time to completion: This should take approximately 10 days (we advise that this be done in parallel to Steps 1 and 3)Step 3: Obtain the certificate of incorporation and official documents from the sellerIf the landowner is a legal entity, the buyer must obtain;A copy of the ID of the shareholder, or person acting on behalf of the company.A certified/notarised copy of the Certificate of Incorporation of the seller’s company as issued by the Ministry of Commerce.Any other official documents from the seller relating to the company and the transaction.All of these documents are needed to verify the accuracy and identity of the company name appearing on the title certificate. Further documents needed to verify the seller’s authorisation to transfer the property to the buyer are;A special power of attorney.A Resolution signed by the Board of Directors from that company authorising the named individual (seller) to represent the company at the Land Office (MLMUPC).A power of attorney specifically stating that the seller can bring into effect that Resolution to transfer land titles of ownership to the buyer.Relevant Government Agency: Ministry of CommerceEstimated time to completion: This process should take around 10 days (should occur simultaneously with steps 1 and 2)Step 4: Apply for registration at the District Land Office (MLMUPC)When the buyer and seller, whether they are as an individual or a company wish to complete the property transaction, they must go together to the District Land Office at the MLMUPC to arrange, prepare, and sign the relevant documents.The documentation needed for this step is:The Company’s statute.The Company’s Certificate of Incorporation (obtained in Step 3).Both of the Power of Attorney documents (obtained in Step 3).The original Title Certificate held by the seller must be presented to the District Land Office at the time of signing the deed, in order to have the name of the new owner officially inserted on the document.Relevant Government Agency: District Land Office, MLMUPC (District Land Office of the Ministry of Land Management, Urban Planning & Construction)Estimated time to complete the step: This step takes between 20 and 30 days.Step 5: Pay transfer taxA transfer tax of approximately 4 per cent of the total value of the property is paid to the Ministry of Economy and Finance at the General Department of Taxation, in the district that the transferred property resides. A tax receipt is then issued to prove that the property transfer tax has been paid.In Phnom Penh, however, this tax is not assessed based on the true transacted value of the property; but, rather, based on a schedule of the price of property determined by the Phnom Penh Municipality. The assessed valuation by the Phnom Penh Municipality is based upon factors such as; the total number of square meters, the land’s location, use, potential use, and other variables.To put this quite simply the transfer tax is not based on the actual price of the land which is sold, which is usually the case, rather it is based on the assessed value made by the Phnom Penh Municipal office, which may be higher than the tax rates in other provinces.If the land is more than 1200 sqm, the surplus of the land will also be subject to “unused land tax.” For land less than 1200 sqm, the unused land tax is not applicable. The time for the General Department of Taxation to complete the calculation of transfer tax will depend on the location of the land and its size.Relevant Government Agency: General Department of TaxationEstimated time to complete the step: This process should take around 1 dayStep 6: Return to the cadastral office to complete the registration processAfter all relevant taxes are paid, the parties may return to the cadastral office at the District Land Office of the Ministry of Land Management, Urban Planning & Construction (MLMUPC) and sign/thumbprint an MLMUPC form for buying/selling real property, as filled in by MLMUPC official.The signing/thumbprinting must be witnessed by a local authority such as the commune chief, who will also give their thumbprint. These procedures are based on Land Law Articles; 65, 244 and 245. Land Law Article 69 bars the transfer of property unless all necessary taxes are paid. The documentation provided should include payment receipts of the transfer tax (obtained in Step 5).Step 7: Obtain the certificate of title from the Municipal Land OfficeObtain the certificate of title from the Municipal Land Office: The Khan/District land office forwards all the “transfer documents” to the Municipal Land Office where it issues the final Certificate of Title in the new owner’s name. It is now registered.Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now!Article by:

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Understanding property titles in Cambodia

Understanding property titles in Cambodia

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(The Ministry of Land Management, Urban Planning and Construction / Phan Soumy)What is a property title?A title or ‘deed’ is an official document confirming who owns the property, its location, and what rights the property owner enjoys. It should be noted that a significant percentage of land in Cambodia is not registered with the National Land Office and has no official land title certificate to secure the land on behalf of the owner.During the civil war period between 1975 and 1979, all Cambodian land title records were destroyed. This made any definitive proof of property ownership impossible after the war. A land law was passed in 1992 to establish the groundwork for land ownership, but it wasn't until its 2001 revision that allowed private ownership of land in Cambodia. The 2001 Land Law allowed for the creation of a land registry system enabling the issuance of Cambodia land titles. To date, over two million Cambodian land titles have been issued to citizens.Property ownership can now be secured by one of three forms of Cambodia land title: Hard title, Soft title, and Private Ownership in Co-owned Buildings – also known as Strata Title. In addition, an LMAP title is also now available.One of the most frequently asked questions is "Can foreigners own land or landed property in Cambodia?" The quick answer is No. The Cambodian Constitution prohibits foreign nationals from owning land and landed properties in the country.There are, however, indirect mechanisms of "ownership" such as the Nominee structure and Land concessions for development. Visit our guide to Property Ownership Mechanisms for Foreigners in Cambodia for more information.Hard Title in CambodiaHard titles are the most secure proof of property ownership and are considered the best Cambodian land title.Hard titles are certification of ownership provided by the Cambodian Land Management and Planning office. Hard Titles also include detailed information recognised and certified at a national level by the Ministry of Land and the Cadastral Office. It should be noted that a transfer tax applies when hard title transactions occur.A quick summary of what is a Hard Title in Cambodia:The Hard title is the strongest form of property ownership in Cambodia.In the rare occurrence that a disputed land has both a Hard Title and a Soft Title, the owner of the Hard Title will win the dispute.A Hard title is a land ownership certificate provided by the Land Management and Planning office.Hard titles contain detailed information that has been duly recognised and certified at a national level with the Ministry of Land and the concerned cadastral office.A Transfer tax of 4% per cent will be paid based on the total property value upon the facilitation of the Hard Title transfer.The facilitation of a Hard Title transfer usually takes up to 12 weeks.Foreign nationals are constitutionally prohibited from obtaining Hard Titles. By extension, this prohibits foreign nationals from owning land and landed properties in Cambodia.Soft Title in CambodiaA Soft Title is the most commonly issued Cambodian land title. The Soft Title, however, is only recognised at the local government level. Soft titles are provided at the local Sangkat or district office and are not registered at a national level.The Sangkat (commune) or Phum (village) chief will issue a letter of possessory rights, which refers to the right of “possession” of property. A person is in “possession” of the property when she/he physically occupies the property but is not the owner of the land as recognised by the authority.Although not as secure as a Hard title, they are still considered evidence of possession. Historically, many land transactions have occurred as soft titles to avoid transfer taxes and fees. However, most new major developments are being transacted with hard titlesA quick summary of what is a Soft Title in Cambodia:A Soft Title is the most common form of ownership and the most commonly issued Cambodian land title as the transfer taxes and fees are cheaper than a Hard Title.It is estimated that 85% of Cambodian property owners only have Soft Titles to back up their property claims.It is a Cambodian land title that is recognised at the local government level (Sangkats & Khans).Soft Titles are provided by the local Sangkat or District office and are not registered at a national level - but are still considered a valid legal document of ownership. Soft Titles are relatively cheaper and quicker to acquire for Cambodians.Estimated to take anywhere between 10 to 12 working days to process.Foreign nationals are prohibited from owning a Soft Title. By extension, this prohibits foreign nationals from owning land and landed properties in CambodiaCambodian Strata TitlePrivate ownership in co-owned (strata) buildings is a recently introduced form of property title that also allows foreigners to legally own property in Cambodia.Co-owned buildings or Strata-titled buildings are defined as buildings in which several owners reside, consisting of some parts that are the exclusive ownership of each co-owner (private units), and some other parts that are common spaces for the common use of co-owners (common areas).A quick summary of what a Strata Title in Cambodia is:A Strata Title is a special title commonly used for condo unit purchases that is available to both Cambodian nationals and foreign nationals.There are other mechanisms not necessarily involving a Strata Title available for property ownership for Foreign nationals which you can see in our investment guide.Strata Titles can only be granted if the property in question satisfies these criteria: Only applicable to buildings constructed in 2010 and beyond.Foreigners can only own 70% of the total surface area of the building or property.Strata Titles cannot be issued for properties on the ground floor and/or underground.Strata Titles cannot be issued for any property within 30km of the nearest land border.Private Ownership in co-owned buildings (also known as Strata Title) is the most recent form of ownership and allows foreigners to legally own property in Cambodia.Strata Title is a less common Cambodia land title, but the numbers issued are growing fast.Most new condo development projects offer this type of title to accommodate foreign demand to own property in Cambodia.The Law on Foreign Ownership’ was promulgated on 24 May 2010. This law limits foreign ownership to co-owned buildings. Foreigners still cannot own land, as it is unconstitutional.Strata Titles are issued by the Ministry of Land Management, Urban Planning, and Construction. This means Strata Titles are recognized on a national level.A Transfer tax of 4% percent will be paid based on the total property value upon the facilitation of the Strata Title transfer.LMAP Title in CambodiaTo improve land tenure security, a titling system called LMAP (Land Management and Administration Project) has been introduced in Cambodia.Based on official GPS coordinates, land plots are being registered throughout the country. Should an LMAP title exist for your property already, the borders have been agreed upon between neighbouring parties and are less prone to dispute.A quick summary of what is an LMAP Title in Cambodia:The LMAP Title is another property ownership title issued and recognised on a national level by the Ministry of Land Management, Urban Planning and Construction (MLMUPC) - along with the relevant cadastral offices.The main difference between the LMAP Title from a Hard Title is its inclusion of the exact GPS coordinates that determine the boundaries of the property in question.LMAP Titles can only be obtained on land that has been indexed on a cadastral map. So, if a plot of land has not yet been indexed, the LMAP Title cannot be issued for that property.If the MLMUPC is presently undergoing the necessary LMAP titling process in your village or area where you live, this means you only need to follow what your local authority informs you to do once the project is completed. It is their obligation to communicate with you.It is possible to own a Hard Title without an LMAP Title due to the above-mentioned limitation.A Transfer tax of 4% per cent will be paid based on the total property value upon the facilitation of the LMAP Title transfer.Foreign nationals are not permitted to own an LMAP title. By extension, this prohibits foreign nationals from owning land and landed properties in Cambodia.How to Transfer A Property Title in CambodiaWhen you purchase property or land in Cambodia, it is critical to obtain outright ownership in order to feel secure about your new asset. To complete the process for transferring land titles of ownership, there are particular steps that need to be followed, documents that need to be obtained, as well as the necessary consultations with relevant agencies.Step 1: Verify the title certificate with the relevant Land OfficeThe buyer will first need to verify the land title certificate with the Land Office at the Ministry of Land Management, Urban Planning and Construction (MLMUPC), to check for any debts or other claims to the property.This process requires:The buyer must obtain the original title certificate from the seller to verify their genuine ownership.The buyer will then verify the title certificate with the Land Office at the MLMUPC.The Land Office will inform the buyer if there are any liens (debts), mortgages, or other claims registered to that property.Relevant Government Agency: Land Office at MLMUPCEstimated time to completion: This takes approximately 10 days (should occur simultaneously to steps 2 and 3)Step 2: Obtain information on the propertyThe buyer must then obtain information on the property from the relevant Commune Council Official. This involves the buyer contacting the village chief or the Commune Council Official in which the property is located to obtain information about the land/property. In addition to this, an official search of the title should take place at the Khan/District Land Office.Relevant Government Agency: Commune Council (Relevant District/Khan office in your property’s area)Estimated time to completion: This should take approximately 10 days (we advise that this be done in parallel to Steps 1 and 3)Step 3: Obtain the certificate of incorporation and official documents from the sellerIf the landowner is a legal entity, the buyer must obtain;A copy of the ID of the shareholder, or person acting on behalf of the company.A certified/notarised copy of the Certificate of Incorporation of the seller’s company as issued by the Ministry of Commerce.Any other official documents from the seller relating to the company and the transaction.All of these documents are needed to verify the accuracy and identity of the company name appearing on the title certificate. Further documents needed to verify the seller’s authorisation to transfer the property to the buyer are;A special power of attorney.A Resolution signed by the Board of Directors from that company authorising the named individual (seller) to represent the company at the Land Office (MLMUPC).A power of attorney specifically stating that the seller can bring into effect that Resolution to transfer land titles of ownership to the buyer.Relevant Government Agency: Ministry of CommerceEstimated time to completion: This process should take around 10 days (should occur simultaneously with steps 1 and 2)Step 4: Apply for registration at the District Land Office (MLMUPC)When the buyer and seller, whether they are as an individual or a company wish to complete the property transaction, they must go together to the District Land Office at the MLMUPC to arrange, prepare, and sign the relevant documents.The documentation needed for this step is:The Company’s statute.The Company’s Certificate of Incorporation (obtained in Step 3).Both of the Power of Attorney documents (obtained in Step 3).The original Title Certificate held by the seller must be presented to the District Land Office at the time of signing the deed, in order to have the name of the new owner officially inserted on the document.Relevant Government Agency: District Land Office, MLMUPC (District Land Office of the Ministry of Land Management, Urban Planning & Construction)Estimated time to complete the step: This step takes between 20 and 30 days.Step 5: Pay transfer taxA transfer tax of approximately 4 per cent of the total value of the property is paid to the Ministry of Economy and Finance at the General Department of Taxation, in the district that the transferred property resides. A tax receipt is then issued to prove that the property transfer tax has been paid.In Phnom Penh, however, this tax is not assessed based on the true transacted value of the property; but, rather, based on a schedule of the price of property determined by the Phnom Penh Municipality. The assessed valuation by the Phnom Penh Municipality is based upon factors such as; the total number of square meters, the land’s location, use, potential use, and other variables.To put this quite simply the transfer tax is not based on the actual price of the land which is sold, which is usually the case, rather it is based on the assessed value made by the Phnom Penh Municipal office, which may be higher than the tax rates in other provinces.If the land is more than 1200 sqm, the surplus of the land will also be subject to “unused land tax.” For land less than 1200 sqm, the unused land tax is not applicable. The time for the General Department of Taxation to complete the calculation of transfer tax will depend on the location of the land and its size.Relevant Government Agency: General Department of TaxationEstimated time to complete the step: This process should take around 1 dayStep 6: Return to the cadastral office to complete the registration processAfter all relevant taxes are paid, the parties may return to the cadastral office at the District Land Office of the Ministry of Land Management, Urban Planning & Construction (MLMUPC) and sign/thumbprint an MLMUPC form for buying/selling real property, as filled in by MLMUPC official.The signing/thumbprinting must be witnessed by a local authority such as the commune chief, who will also give their thumbprint. These procedures are based on Land Law Articles; 65, 244 and 245. Land Law Article 69 bars the transfer of property unless all necessary taxes are paid. The documentation provided should include payment receipts of the transfer tax (obtained in Step 5).Step 7: Obtain the certificate of title from the Municipal Land OfficeObtain the certificate of title from the Municipal Land Office: The Khan/District land office forwards all the “transfer documents” to the Municipal Land Office where it issues the final Certificate of Title in the new owner’s name. It is now registered.Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now!Article by:

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What Is Maintenance Fee?

September 5, 2023, 6:50 a.m.

Property Reviews

Realestate News

Homeownership comes with a range of financial responsibilities beyond the initial purchase price. One aspect that homeowners often encounter is maintenance fees. In this article, we will explain the concept of maintenance fees and general costs in Cambodia.What Is Maintenance Fee?Also known as service charges or due, these are recurring payments that individuals or entities make to cover the costs associated with maintaining and managing a property, service, or asset. These fees are often used to support ongoing operational expenses, repairs, upgrades, and other essential services. Maintenance fees can be charged on a monthly, quarterly, or annual basis, depending on the arrangement. In the context of homeownership, maintenance fees are typically associated with condominiums and boreys. Residents pay these fees to cover the upkeep of common areas such as landscaping, swimming pools, elevators, and security services. This allows property owners to collectively maintain the shared facilities and services that enhance their quality of living. In Cambodia, fees go towards hiring property management companies to oversee the day-to-day operations, address resident concerns, and enforce community rules.How Is the Maintenance Fee Calculated?While a one-size-fits-all formula for calculating maintenance fees doesn't exist, the final expenses are influenced by several factors like the type of services provided (such as common area cleaning, lift maintenance, and security), the facilities available (such as pools and gyms), the size common areas, and the quality and quantity of services demanded by residents. For a condo, the fee ranges from $0.50 to $2 per square metre and for Borey, the maintenance fee will depend on the developer, some might include a security guard, landscaping and garbage collection in the project area. Why Is It Important to Regular Maintenance?Similar to any other asset, it's essential to recognise that a property will inevitably age over time. This ageing process can significantly impact its appreciation and value, especially if you intend to sell it. It's crucial to keep in mind that properties naturally undergo changes as they age. Consequently, it's worth considering the implementation of effective property management to oversee the maintenance of the property. This approach ensures that quality maintenance is consistently upheld. In conclusion, maintenance fees are a crucial aspect of homeownership within shared communities. While they represent an ongoing expense, maintenance fees contribute to the value and overall appeal of the property.If you are interested in learning more about properties in Cambodia, our real estate agents are ready to assist you. Contact us today. Click Here

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TCC, A Grand Mine of Wealth

June 6, 2022, 5:02 p.m.

Property Reviews

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

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New Rail Link Boosts Phnom Penh Property Developer Confidence

New Rail Link Boosts Phnom Penh Property Developer Confidence

June 6, 2022, 5:04 p.m.

Property Reviews

The recent news of an innercity-to-airport rail link has been welcomed by Cambodia property developers, especially those with projects situated near the proposed track. According to recent press, upon the railway’s completion in 2018, trains will be able to take passengers from the central city to Phnom Penh international airport in just 15 minutes travel time.During a handover ceremony last week in Phnom Penh for mechanical equipment donated by China, Transport Minister Sun Chanthol said: “this project will reduce traffic jams leading to the Phnom Penh airport and prevent people from being late to their flights. Thus far, 250 meters of the rail track has already been constructed by the country’s railroad company, Royal Railway.”“Four $1 to $2 million trains purchased by the company from Mexico will run along the route. During the first month of operation, rides will be free of charge,” added Mr. Sun.Commenting on this, John Guiry, CEO of Royal Railway, told local media that construction had begun about six weeks ago and was expected to wrap up by April 2018, with about 10 to 12 meters being laid down each night.”The project’s budget was confidential, but was “part of a current maintenance budget” for the company. Tickets would likely cost between $5 and $7, but the price would be set closer to the launch, added Mr. Guiry.By aiding traffic congestion and also shortening travel time to and from the airport, this new railway project is expected to further boost property investor’ confidence in the capital, in particular for projects situated along or near Russian boulevard. Johnny Chan, Sales & Marketing Director of Creed Group, the developer of the Bodaiju Residences project, said: "this new announcement gives current and prospective investors in the Bodaiju project even more confidence that they have made the right investment decision.”Mr. Chan added: “the proposed rail line will offer residents of Bodaiju a fast and direct link to the inner city, and will mean that congestion along Russian Boulevard will be controlled into the future. This represents great news for developers such as the Creed Group with projects situated along this access way to the city."Meanwhile, Chenyi Chiu, General Manager of TK Royal One, said: “the passenger railway transport line is a significant signage of a modern city. Although it has been expected for long time, there has never been any confirmed plan for the Phnom Penh city passenger railway transport. The announcement in this July not only proves that Phnom Penh is now transforming into a modern city but also opening the new era of the railway economy.” “The city development is going to follow the railway network to expand and start from the station along the railway. Sitting on the center of this main railway route, TK Royal One owners and tenants will be able to take the advantages to enjoy the convenience of new lifestyle and to gain the future property value appreciation. Besides, as a foreign real estate developer, seeing this transportation infrastructure indeed makes us have more confidence in Phnom Penh’s property market. However, we also look forward to seeing the railway network to expand more in the near future to make the city development much faster,” Mr. Chenyi added.Oknha Ly Kun Thai, CEO of The Gateway project, said: “this new railway is quite essential for Cambodia because Mass Rapid Transit (MRT) will increase commercial developments and boost the country’s economy as a whole. In general, the MRT is fast, reliable and efficient to all citizens living in the city. Therefore, having MRT helps reduce the number of vehicles on the road while bypassing traffic congestion during rush hours in the city, resulting in a shorter commute.”“An efficient mode of transportation is the key to city development that helps boost general commercial activity. This is good news for Cambodia’s property market as better and improved transportation infrastructure in the area will boost property prices and rental yield,” added Mr. Ly.Located along the Russian Boulevard and only a few hundred meters from the railway station,The Gateway is one of the mixed-use development projects in Cambodia to get major benefits from this new railway in terms of travelling time towards the airport and inner-city.Mr. Ly explained that the Gateway’s residents will enjoy great advantage of traveling to and from Phnom Penh’s International Airport in a very short time. Meanwhile, rail travel is a lot safer compared to road travel due to proper security monitoring throughout the system.Learn more about Investing in Cambodia on Realestate.com.kh

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Axis Residences: Best Eco-friendly Condo Development in Phnom Penh

Axis Residences: Best Eco-friendly Condo Development in Phnom Penh

June 7, 2022, 1:59 a.m.

Property Reviews

Launched in 2015, Axis Residences is the first Cambodian eco-friendly condo development project to receive 'Highly Commended Award' or global Green Mark Gold Award for the Best Condo Development at the inaugural Cambodia Property Award 2016.Strategically located along Street Doung Ngeap number III and just 5 minutes from Phnom Penh International Airport, the $70 million development project is made up of eight condo buildings of 10 floors each – making up a total of 566 units. Scheduled to finish in 2018, Axis Residences has almost completed its structural works.Axis Residences is in talks with award winning Service Apartment 85SOHO from Singapore-listed property management group, LHN Group in providing all units in Axis Residence with service apartment style, high level hotel-like concierge experience for all residents.About 6 km from central Phnom Penh, Axis Residences is close to major international schools such as Northbridge International School and CIA First International School, Royal Phnom Penh hospital, Rathana Plaza supermarket and shopping complexes such as the Lion City & Okide The Grand. Axis Residences boasts its sustainable building environment and is founded as the best condo development with significant eco-breakthroughs. Building environment refers to quality of buildings and structures as well as the surrounding infrastructures that would offer a full set for community's living.Mr. Anthony Ong, director at Spring CJW Development in Cambodia, said: “Axis Residences have cleared the preliminary assessment and will be the first residential development in Cambodia attaining Green Mark Gold Plus Accreditation by internationally-acclaimed Singaporean Building and Construction Authority (BCA), an agency under Singapore's Ministry of National Development focusing on Singapore’s building excellent environment.”“The intention of BCA is to promote sustainability in building environment and raising environmental awareness among developers, designers and builders when they start project conceptualization and design, as well as during construction process,” he added.Designed and developed by Singaporean developer Spring CJW Development Pte Ltd and Singaporean Consultants, Axis Residences will become the pioneer and the only condominium in Cambodia incorporating the innovative green features that benefits the residents with both a stable electrical supply and a reduced utility and maintenance bill. And this comes through the high technology of sustainable solar PV energy (Solar Panels) into the development.A sophisticated building complex encompassing excellent quality, modernity and convenience, Axis Residences is becoming popular in Phnom Penh largely thanks to its eco-friendly environment.Mr. Ong stresses that as environmental concerns are on the national and global agendas, eco-buildings such as Axis Residences is immediately becoming the preferred choice by its quality and lifestyle of Phnom Penh’s living residential.He said: “we are confident that Axis Residences will complement tenants' green credentials and benefit companies in areas of long-term energy cost savings as well as health overall. Within Axis Residences, we believe that going green is no longer an option, but a responsibility. We are committed to do our part by developing properties that have minimal impact on the environment while enhancing the quality of life for the communities.”Mr. Ong concluded by saying that Axis Residences will be a best choice for national and international business people who seek a green residential address in the upcoming Phnom Penh’s western district.Axis Residence is currently in process of being certified Green Mark Gold accreditation by BCA: making it the first and only condominium to achieve this internationally acclaimed accreditation in Cambodia.Get more information about Axis Residences and learn more about Cambodia’s newest developments by visiting Realestate.com.kh!

21567 views

Sky Tree Gets $35 million from Banks to Support Construction Project

Sky Tree Gets $35 million from Banks to Support Construction Project

June 6, 2022, 5:04 p.m.

Property Reviews

Launched in early 2016 and developed by a renowned construction company J&L Development, Sky Tree Condominium is considered a safe and peaceful residence, providing a topnotch residential building at the center of Phnom Penh.With the building’s construction completed for five floors, the 32-floor Sky Tree project is expected to finish in late 2018 and hand over to clients in early 2019. Obtaining financial support from banks, Sky Tree has recently announced the first joint-venture loan which was offered by several financial institutions and banks from overseas.Mr. Wu Chen, CEO at J&L Development Company, said: “We got $35 million from six international banks to support our construction project. With this loan, we guarantee the project will definitely be 100% completed as promised. On the other hand, this loan will also be used to support our customer through our home loan project.”He added “J&L is the first developer in Cambodia which was chosen by six international overseas banks. These include Taiwan Cooperative Bank, Land Bank, Bank of Taiwan, Sunny Bank, Bank of Pan Xin, and Taiwan Biz Bank.” “J&L has strictly studied the pre-qualification process through its connection between its parent company in Taiwan and the J&L Company in Cambodia. The criteria is mainly focused on the financial management of the parent company, the location of Sky Tree condominium, the financial management of J&L, and the standard quality of the project. They also inspected whether the project can get support from the government of Cambodia,” according to Mr. Wu.He explains that “J&L gained the trust from the banks thanks to our project having strong management in all aspects. And this will be a good example for other developers and investors in Cambodia to follow.”Built with Singaporean standards, Sky Tree project will be a high-rise complex with a total of 1,104 residential units. These units will range from one to three bedrooms. The unit size will start anywhere from 61.75 square meters to 140.93 square meters. In terms of special features, Wu mentioned that “Sky Tree has, by far, the highest standard for interior design out of any projects currently underway in Phnom Penh. The project is maintained with impeccable attention to detail and high quality materials, finishes, and fixtures. It features marble flooring, proper ventilation, door handles imported from Germany, and plugs by J&L. Every door is also equipped with carbon fiber steel and it is totally thief, fire, and sound proof. The unit’s entrance door does not face an opposite unit’s door. And each unit also includes an emergency lift.”“On the other hand, Sky Tree will also offer a nice open view of the building by utilizing a big balcony. And each window uses double glass that can protect you from the heat and the UV rays. Keep cool inside. It’s soundproof and very eco-friendly,” he added.Wu also says that “the foundation work is also an effective technical construction process and is a first in Cambodia. Piling work is 40 meters under the rock and it’s built with a unique technique to strengthen and protect it from natural disasters such as storms or an earthquake. In order to ensure the quality of the building, we also did testing on clorise concrete and iron reaction which no other projects have done in Cambodia.In addition to these, the northern Phnom Penh suburb area is also becoming an up and coming area in terms of commercial, business and housing developments. The Sky Tree development is situated at the Russey Keo district, a very prominent neighbourhood of the Toul Kork district. Wu is proud to say that the project is “strategically located in a very desirable area, surrounded by various amenities. It’s close to the Oknha Khleang Moeung Boulevard -- next to the Phnom Penh City Center, embassies, five star hotels, supermarkets, a golf course, the central station, the Prime Minister’s office, ministries, and other establishments.” “For prospective buyers and investors interested in the Sky Tree, they will be satisfied to know that there are around eighteen facilities provided inside the complex such as branded shop outlets, a reception hall, a spa room, a gymnasium centre, a swimming pool, a playground, sky gardens, a green garden, an audio-visual room, a sky bar on the top floor, a reading room, a medical center, laundry, security centres, a property management office, visitor parking spaces, a car basement, and a helipad,” according to Mr. Wu. He concluded by saying, “An international standard condo exists in Cambodia. And it’s best suited for local and foreign investors. The unit prices are very affordable. They start at only $89,440 per unit. Live in Sky Tree today, live in one of Phnom Penh’s prospective areas for growth! Get more information about Sky Tree and learn more about Cambodia’s newest developments by visiting Realestate.com.kh!

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City Tower: A Unique and Modern High-rise Office Building in Phnom Penh

City Tower: A Unique and Modern High-rise Office Building in Phnom Penh

June 7, 2022, 4:19 a.m.

Property Reviews

City Tower, a unique and modern office building standing a total of 14 floors, was opened for occupancy in March this year, with 25% of office space already leased. It is located along Mao Tse Tong Boulevard, Sangkat Phsar Depou I, Khan Toul Kork, Phnom Penh. It sits in the main commercial area, adjacent the Intercontinental Hotel and just next to international food and beverage branches, including Burger King and Coffee Today. Mr. Bun Kheam, General Manager at City Tower, explains, “We don’t see many high-rise office spaces in Phnom Penh and the City Tower project is among the few currently present in the capital. This makes it a very good option for businesses looking for a foothold in the capital.” The entire building’s concept design is developed and supervised by the Archetype Group, a leading architecture and construction consultancy firm that designed the Phnom Penh and Siem Reap International Airports, among many other projects. Meanwhile, responsible for the construction work is local firm, Heng Eng Kong Construction Co., Ltd. According to Mr. Bun, City Tower is designed to focus on convenience and a comfortable working environment through the inclusion of modern facilities and its interior design. It has a 2.75m floor-to-ceiling height that features suspended ceiling tiles with recessed LED lighting. Furthermore, the office units also showcase floor-to-ceiling windows for optimal natural daylight, VRF centralized air conditioner for energy efficiency and comfortable cooling, flexible partition, CCTV, and access control security in the common areas. 100% guaranteed to incorporate quality with its lush and unique aesthetic, The City Tower offers multi-purpose accommodations to suit the different needs of lessees. Additionally, the building also offers high speed fibre optic cable telephone system backbone and fire protection mechanisms (heat and smoke detectors, fire alarms, horse reel and fire extinguishers, and 2 pressurized staircases). A Public Announcement System is also in place, together with a standby power generator for 100% power backup in case of electricity cut off. City Tower also features a two-floor basement parking space: one floor is dedicated to car parking space and the other one to motorbike parking. In regards to the leasing price, “the office space unit starts at a price of $15 to $18 per square meter. And $2.5 will be charged monthly for management services fee. Facilities and management system of the building are very similar to grade A office space, but the leasing value is more affordable,”said Mr. Bun. Office spaces range anywhere from 60 to 610 square meters and retail spaces ranges anywhere from 100 to 350 square meters. The ground floor is available to serve as a showroom and a banking space, while the mezzanine is available for cafés and restaurants.” Since the City Tower is open for lease for coffee shops and restaurants, it becomes a place for everyone -- whether you work inside the building or outside, you are allowed to walk in for coffee and food, according to Mr. Bun. He concluded that for those who intend to get a long-term lease for a large office space, negotiations for discount are welcomed. Get your business off to the right start in Cambodia with City Tower! Check out the available spaces here : retail space and office space

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One Park Condominium Celebrates Topping Out of Construction

One Park Condominium Celebrates Topping Out of Construction

June 6, 2022, 5:04 p.m.

Events & Announcements

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Cambodia’s consistently high GDP growth, freehold foreign ownership laws and emerging market fundamentals are encouraging property investors and developers from around the region and the world to shift their investment target towards the Kingdom.For those seeking luxury living in the heart of Phnom Penh’s CDB, One Park Condominium represents one of the nation's most sophisticated offerings; a development by the renowned developer Graticity Real Estate Development Co., Ltd. (GRED).On the 19th of April 2017, One Park Condominium celebrated their “topping out” ceremony on the construction site of the project in Phnom Penh.This event highlighted the unique proposition of One Park, a project set to redefine high end living standards in central Phnom Penh, offering a lifestyle for residences yet to exist in the Kingdom’s property sector. The event also demonstrated the high quality and speed of the development’s construction thus far.After breaking ground in 2015, One Park’s construction has continued 24 hours a day, 7 days a week. The first phase of shophouse and retail units will be ready for handover by mid-2017, while the first phase of 1,600 condo units are expected to be released to buyers by mid-2018.The ceremony was widely attended by leaders from throughout the real estate and development industry, GRED’s local and international management team, and the representatives of China Construction (S.E.A) (Cambodia) Corporation - One Park’s dedicated construction partner. Local, English, and Chinese media partners were also in attendance at the event, in order to share the news of the structural completion of the project to the the Cambodia and regional property market.Units in the development include smart and chic, small to medium-sized one to two bedrooms. There also will be large and elegant three-bedroom and penthouse units. The entire project occupies over 7.9 hectares of land area, a firm base for 2.5 million square feet of floor area for all the units of the project.One Park condominium can be considered as the pioneer for introducing the "community" concept in Phnom Penh, which is set to redefine the future trend of the real estate market in Phnom Penh.One Park is focusing on creating the highest standards for living and will feature a set of natural gardens, sports and leisure facilities, an eco-friendly environment, education resources, and community operations. The development is certainly set to bring luxury lifestyle to a new level.Find out more about One Park today on Realestate.com.kh!

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Oxley WorldBridge celebrates another successful year

Oxley WorldBridge celebrates another successful year

June 6, 2022, 5:04 p.m.

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Last Friday 7th of April, Oxley Holdings and WorldBridge Land (Cambodia) Co., Ltd., the Singaporean and Cambodian joint venture partners of “The Peak” and “The Bridge” mixed-use developments in Tonle Bassac, hosted a Khmer New Year celebration party to announce a successful year for the company at the Raffles Hotel Le Royal, Phnom Penh.Oknha Rithy Sear, Chairman of Oxley (Gem) Cambodia Co., Ltd., spoke at Friday evening's event, stating that, “This past year has been filled with milestones for our company. The topping out of our first major project in Cambodia, The Bridge, and the strong sales and construction progress of our second major mixed use development, The Peak.”“For this reason, we decided to organize a small event to celebrate the Cambodian festival season and the upcoming Khmer New Year. I would like to thank everyone for their attendance and wish you all a year full of health and prosperity,” continued Oknha Sear.The Bridge “topped-out” in December 2016, celebrating the completion of the last stage of structural construction for the project. Oxley Holdings and Cambodia’s WorldBridgeLand have committed more than $300 million of investment into The Bridge project, which is expected to complete and deliver to its buyers on time by the year 2018.The Bridge complex, overseeing Diamond Island and Bassac River, was a first-mover in the Phnom Penh prime condo, commercial and retail space market, and has recorded impressive sales numbers. Meanwhile, the developer is currently working on their second project, The Peak hotel mixed-development located approximately 50 meters from The Bridge. The Peak is set to be completed by 2020. Click here for more information on The Peak Realestate.com.kh

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Official Launch of the Samdech Techo Hun Sen Boulevard

Official Launch of the Samdech Techo Hun Sen Boulevard

June 6, 2022, 7:23 p.m.

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Samdech Techo Hun Sen Boulevard has been officially launched this morning, April 3, 2017 in the honorable presence of Samdech Techo Hun Sen.Samdech Techo Hun Sen Boulevard started constructing in March of 2011 under ING Co., Ltd. This Boulevard connects Route 271, Chromos Chrouk (Kbal Tnol), the Boeung Tompun wetlands, and National Road No. 2 in Takmao City, Kandal province.The Boulevard is considered the largest public road in the city, with a total length of 9,160 meters. Its construction is expected to improve traffic overall and to make travel from the outskirts of Phnom Penh to Kandal easier.Infrastructure has become a major focus point in the development of related real estate in the area and its land prices. Mr. In Setha, CEO of real estate website www.cambodia21.com said, "The price of land there has increased compared to the last few years from when it was just land area and lakes. Nowadays, it holds great potential. Land prices from Road 271 to the international school project ISPP range from $750 to $850 per square meter, and the value of projects from Connor around the International School ISPP to National Road No. 2 range from $200 to $350 per square meter "He added: "Because of the development of good infrastructure and development projects, housing developments like The Element condo project, the residential Woodland project, Borey Peng Hout and Chip Mong are already planning to go there."Development to the south is the best choice for the development of Phnom Penh city. In fact, infrastructure developments like these ease traffic congestions and improves the standard of living around the area. Overall, this is geared towards sustainable development where what once just a lake will become the region’s main trade and investment location.For up to date news and information, visit our news section at Realestate.com.kh now.

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Join the Habitat Condos Open Days, 9th and 10th of February, Tonle Bassac

Join the Habitat Condos Open Days, 9th and 10th of February, Tonle Bassac

June 6, 2022, 5:06 p.m.

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Habitat Condos is one of a kind exclusive luxury condo development in Phnom Penh with only 13 units, located within 14 floors, on cosmopolitan Street 21 in Tonle Bassac – one of the most sought after residential districts, 200m from Aeon mall, and Bassac Lane with its trendy bars and restaurants.To celebrate the close of construction and the upcoming first handover of units to buyers, this coming Thursday 9th and 10th February, the developers of Habitat are cordially inviting prospective buyers to come and visit the completed units.The Open Home event will run from 8am - 8pm on Thursday the 9th and 10th of February. PROSPECTIVE BUYERS ONLY are welcome at the event (this event is not for real estate agents, none to attend). Starting prices for the completed units begin from $232,000 (just $2,600 p/sm). Habitat Condos, from an investment perspective, offers very few uncertainties and no developer risk. Units are now ready for handover, with guaranteed full freehold ownership upon signing and handover as the strata titling process is completed.Investors will have an asset yielding a yearly rental return rate between 7% to 9% immediately, thanks to the units’ exceptional appeal to those searching for exclusive luxury, stunning design and volumes, and high-end natural materials & finishes, all in secluded privacy while in the heart of Phnom Penh.Constructed to international standards and quality, Habitat Condos meets all embassy employee residence guidelines, with fire, electrical, security and construction standards of first-world quality and safety.All units include beautiful hardwood floors, harvested from sustainable forests in Cambodia by a reputable international company, with full line traceability. Electronic key systems come standard, with CCTV throughout, and fire-fighting systems and codes in place, complemented by smart TV connections and ceiling ducted A/C systems in all units.Also inclusive to the property are dedicated community areas which include a rooftop saltwater swimming pool, gym, and BBQ area on the upper rooftop. The top floor duplex units offer stunning views and benefit from a private direct access to the recreation facilities.And from a capital appreciation point of view, Tonle Bassac is a district where property values show strong resilience thanks to its increasing appeal underpinned by the proximity of Aeon Mall, Naga hotels and casinos, luxury duty free shops, new restaurants, bars, and high end developments.But come and see for yourself on Thursday 9th and 10th - 8am to 8pm. ALL MUST RSVP BEFORE THE EVENT (No Walk-Ins): Matthew Tippetts: Matthew.tippetts@m-invest.capital - 010 927 450Find out more about Habitat Condos today!

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The Bridge celebrates "Topping Out"

June 6, 2022, 5:05 p.m.

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“Topping out” is the term given to the last stage of structural construction. The highest mixed development namely The Bridge has successfully achieved a topping out in December 2016 and well celebrated the special occasion at a private event in Sofitel on Friday the 13th of January.The Bridge set to be the iconic development of the Kingdom is a Singapore-Cambodia joined venture between Oxley Holdings and Cambodia's WorldBridgeLand. The developer has reportedly committed more than $300 million investment for this twin tower project. It is expected to complete and deliver to its buyers on time by the year 2018.Although several developments are taking place in the capital, The Bridge complex overseeing Diamond Island and Bassac River, is certainly an art of its own class to redefine the landscape of Phnom Penh. The building also enjoys good Feng Shui to enhance the lifestyle of the owners whether they are buying the units for own stay or doing business. The Bridge, directly opposite the Australian Embassy in the Tonle Bassac district, is located in the very heart of Phnom Penh. Coupled with full condo facilities, office spaces and a lifestyle shopping mall, the prime location offer the residents and commercial users an excellent choice to live, work and relax in the same complex.The developer is currently working on their second project, The Peak hotel mixed development located approximately 100 meters from The Bridge. The peak set to complete by the year 2020 and will serve to complement the lifestyle and work expectations in this city center Take a look at Oxley's next upcoming project The PEAK...For those interested in The Bridge or The Peak, please visit Oxley WorldBridge’s showroom at Great Disciple Sar Bith Street, Village 14, Khan Chamkarmorn, Sangkat Tonle Bassac, Phnom Penh (Opposite Toyoko Inn) or Find out more information about The Bridge here.

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The Gateway: The Next Icon of Phnom Penh

The Gateway: The Next Icon of Phnom Penh

June 6, 2022, 5:04 p.m.

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Citizens and investors of the country will soon be able to work, play, and live in The Gateway Cambodia – a prime new development property that’s set to change the urban landscape of Phnom Penh city.The Gateway will be a freehold mixed use development that will include residential, retail, and office options for local and international investors.The development will see the rise of an ample 7-storey car park and 2-storey retail podium, a 39-storey residential tower, and a 36-storey office tower. It will also feature a sky terrace and a basement car park on its residential tower. There will be a total of 299 office units and 572 residential units in the project.The residential units will range from one to three bedrooms and will have luxurious fittings and private balconies to match. These units will offer a guaranteed 6 percent return per annum for two years. For buyers who commit soon, there’s an ongoing “Star Buy Promotion” for a limited number of residential units; One bedroom units start around $130,000 range; two bedroom units start around $200,000 range; and the three bedroom units start around $250,000 range.The office tower will have a helipad, a double-glazing glass for heat reduction, 8 elevators, and a separate fire elevator for safety. Uniquely, The Gateway offers the only Grade A offices for sale in the Phnom Penh Central Business District area. These units will offer a guaranteed 8 percent return per annum for two years. There’s also sound potential for capital return due to the high demand in the Phnom Penh office market segment currently - as the city transforms into an epicenter for inter-Asean manufacturing and trade.The Gateway Cambodia will be carefully crafted using quality construction materials by a competent set of local and international industry experts. The developer, TACC (C.R.) Ltd., have utilized the services of 2nd Edition Pte Ltd for the interior design, award-winning Mr. Lim Koon Park of Park + Associates Pte Ltd for the architectural design, KCL Consultants Pte Ltd as the structural engineers, and United Project Consultants Pte Ltd as their M&E engineer.The developer has around 40 years of construction experience and 15 years of real estate experience in Singapore, and is currently listed on the Singapore Stock Exchange.The Gateway Cambodia is set to reach completion by December of 2019. It will be strategically located along Russian Boulevard. It is one of the only major roads in the country from the airport to the city centre that has no flooding potential. This transit route is also undergoing significant development to maintain its usability moving forward into the next decade of Cambodia’s growth.Located just 15-minutes drive from Phnom Penh International Airport, The Gateway will be the tallest building from the airport to the office of the Prime Minister. It’s also near important establishments and amenities such as the Ministry of National Defence, the Thai-managed Royal Phnom Penh Hospital and a host of world-class International Schools and respected Universities. Parkson Mall is also underway along the same boulevard, and is set to become Cambodia premier retail mall complex.It’s also close to the Phnom Penh City Center development site, a huge tract of land under development on the former Boeung Kak Lake, which is the only area in the country with a full master plan. According to the developer’s source, a future MRT station will also be built near The Gateway project.The developer’s research shows high potential for return and a doubling of capital appreciation every 5 years due to high foreign direct investment from countries like Japan, Korea, Europe, and China. There will also be a guaranteed 6 percent to 8 percent yields per annum.Take a look at the development if you want to find a space that promises convenience, comfort, and luxury in a city that is rising dynamically in the ranks of Asean. You don’t have to settle for anything other than The Gateway.Find out more about this great project from The Gateway’s professional sales team today!

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Royal One: New Royal Group Mixed-use Development; 62 Storey, Monivong Boulevard

Royal One: New Royal Group Mixed-use Development; 62 Storey, Monivong Boulevard

June 6, 2022, 5:05 p.m.

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Details are emerging in the market regarding a major new development project in central Phnom Penh. Royal One, a project of the Royal Group of Companies (Cambodia), will have two towers and stand with a height of 62 floors. It will be located strategically along Monivong Boulevard – in front of the Ganesha Statue, not so far from the airport – and will have a view of the cityscape.Innovation and Design of Royal One:The Royal One project has been designed around the concept of effective land use, allowing two towers to fit into a relatively limited land area - the plot being located on Monivong Boulevard, near to Central Market and Canadia Tower. The first of the two towers will serve as an office building and the second one as a hotel and residential building. A retail podium will also be constructed, along with several parking floors.Aesthetically, the developers will be utilizing lines and patterns as an attempt to give it a modern and sophisticated appeal. They also plan to feature a modern man-made waterfall in between the two buildings, further intensifying their aim to turn it into a “forever landmark”. Prices for luxury condominium units are projected start at around $3,500 per square meter. The construction of The Royal One development will start in 2017 and is expected to reach completion by the end of the year 2021.About the Developer of Royal One:The Royal Group is a holding company and a large diversified conglomerate that has investments across various Cambodian industries – telecommunications, banking, resorts, education, media, insurance, trading, property, and agriculture. Among the many successful projects they’ve invested in are the Embassy Palace Serviced Apartments, Northbridge Communities, North Park Condominiums, Royal Park Resort in Siem Reap, Hotel Cambodiana, Titan King Casino & Resort Hotel, and the Royal Railway.Find out more and inquire about ROYAL ONE this project today!Click here to download your free copy!

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Habitat Condos: Our Habitat is Your Home

Habitat Condos: Our Habitat is Your Home

June 6, 2022, 5:05 p.m.

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Habitat Condos are a unique collection of boutique condo units, located across 14 floors, on cosmopolitan Street 21, of Phnom Penh’s Tonle Bassac district.With their showroom now open - and the opportunity to take possession as soon as November - Habitat Condos represents an assured asset with no uncertainties. Moreover, with the strata titling process underway, Habitat Condos is able to guarantee full freehold ownership upon signing and handover.Constructed to international standard and quality, Habitat Condos meets all embassy employee guidelines, with fire, electrical, security and construction standards of first-world quality and safety. The developer, Intan Kosem, Cambodia born - educated in Australia, Switzerland and the USA - brings a homegrown sensitivity to Habitat, along with an international appreciation of quality and delivery, all underpinned by a passion for living spaces that are sustainable and harmonious. Co-developer, Michael Davitt brings to the project his vast experience in construction in Australia.Reassuringly, with DK Sanctuary Apartments as a benchmark for the developer, the quality of construction, maintenance and property management services at Habitat are guaranteed. The company’s previous residential project, DK Sanctuary, also in Tonle Bassac, has maintained a consistent 95% tenant occupancy since opening in 2010. Its residential apartments are presently home to diplomats, CEOs and other senior managers. Strong occupancy levels, backed by testimonials, and a proven rental and property management record—along with the integrity of the construction—underline the developer’s ability to deliver a high-yielding investment in a competitive residential market.With experience in designing the Hard Rock Café in Siem Reap and Audi Showroom in Phnom Penh, Claire Croste of JPMC Architect & Consultant Ltd. has brought a wealth of experience to the Habitat development. With reputable builders, MEP contractors and designers (e.g., SpaceLogic from-Singapore, Luxury Machine -hotel and condominium security and access control) working alongside her, the outcome has been a residential development that sets a new benchmark for design and lifestyle within the cosmopolitan environs of Phnom Penh. All units include beautiful hardwood floors, harvested from sustainable forests in Cambodia by a reputable international company, with full line traceability. Electronic key systems come standard, with CCTV throughout, and fire-fighting systems and codes in place, complemented by smart TV connections and ceiling ducted A/C systems in all units.Also inclusive to the property are dedicated community areas which include a rooftop saltwater swimming pool, gym, and a BBQ area on the upper rooftop. The top floor duplex units offer stunning views and benefit from a private direct access to these facilities.All buyers are guaranteed unobstructed views as neighbouring properties comprise new low-rise residential housing (30-40 meters) along with manicured areas of green space (an increasing rarity in downtown Phnom Penh). Habitat’s Tonle Bassac location is ideal, with Aeon Mall, Nagaworld, the newly opened Naga Walkway with luxury duty-free shops, Nagaworld II hotel and casino, and the capital’s famed riverside a walk or a short tuk tuk away. While, with the rest of Tonle Bassac on your doorstep and BKK1 just minutes away, the entertainment and dining options are as boundless as they are unique.The Numbers: The average net price is $2780/m2, at a medium gross price of $1750/m2, with a range of unit sizes and styles available, sized between 87m2 to 186m2 (for inclusions, please visit us at showroom or consult the detailed SPA).With a rental rate of return between 8% 10% and no marketing gimmicks, the developer offers a finished product and an honest appraisal of its worth: “What you see is exactly what you get!” Ready to live, or ready to rent—the choice is yours.The developer’s moto is ‘Our Habitat is Your Home’.You can contact them today at 010 927 450 / 017445083 info@habitat.condos, visit them on www.habitat.condos or www.facebook/habitatcondos and book a showroom visit.See the full Habitat Condo listing!

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YCT Land has settled into the Cambodian market

YCT Land has settled into the Cambodian market

June 6, 2022, 5:05 p.m.

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The 88 Suites project will be the first Phnom Penh based project from the developer YCT Land Pte Ltd. Along with the 88 Suites, YCT Land currently have a land division project in Kampot province.YCT Land represents a joint venture partnership between Chong Lim Development SDN BHD and Chip Hock Realty and Development SDN BHD, two Malaysian based property development firms. YCT Land was incorporated in Cambodia in 2012, yet the company’s Malaysian experience spans over 40 years, with over 3000+ units completed and sold.Successful projects of this development team include the University Green and the Pangsapuri Bukit Beruang Bestari, in Malaysia, to name just a couple. See the full catalog of completed projects from Chip Hock Realty.Another example that the members of YCT Land have had some involvement in is the “Leisure Farm” project in Johor Baru, Southern Malaysia - a 1200 acre home and resort development, which has already completed several phases and are selling currently.88 Suites represents a relatively small project for YCT Land, given the company’s history of completing grand scale township developments.The developer also has various experience in the eco-city development sphere, and hopes to bring this concept the Cambodian market in the near future.The reason for this eco-friendly focus is stated by Chip Hock Realty: “we understand our business’ nature directly and indirectly impacts the ecosystem within the society and community that we have operated on. Therefore, it has been the company’s long-term plan to continue building greater communities with balanced social and environmental awareness within our developments.”The inspiration for YCT Land to launch in Cambodia is the emergence of the nation as a real estate destination with exciting opportunities: “Cambodia represents a young and open market, full of opportunities,” says Mr. Tan Kok Thong - CEO of YCT Land Pte Ltd, “in comparison to the Malaysian market; which has matured already and heading towards saturation”.Cambodia represents a new beginning for the firm, and have settled their operations here for the long term. With that in mind, YCT Land want to maintain the standards they have followed in Malaysia in regards to both their production and partnerships with other firms.The mantra of the company is to bring innovative products, centered on quality: “We look to the long term value for our investors, not the short term. And our partners must always maintain the same quality standards that we do,” says Mr. CP Chong - Chairman of YCT Land Pte Ltd.Hence the launch of 88 Suites came in partnership with architecture firm SW1P Collective, Malaysia, and renowned local real estate agency, Royal 5G Realty, as sole agent.Furthermore, the project demonstrates the company's innovation: 88 Suites will be the first SOHO (Small Office, Home Office) development on the Cambodian market, offering a distinct point of difference for investors shopping in the crowded BKK1 new developments market.Located along Mao Tse Tung Boulevard, 88 Suites will reach completion at the end of 2018. But in the meantime, stay tuned for YCT Land’s next exciting project to launch in Cambodia!See the full 88 Suites project information now!

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Kingsland Global celebrates pre-completion sale of Oknha Peich Boutique Hotel

Kingsland Global celebrates pre-completion sale of Oknha Peich Boutique Hotel

June 6, 2022, 5:05 p.m.

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The successful sale of the Oknha Peich Boutique Hotel on 18 February 2016 - prior to construction completion - serves as a celebratory and momentous milestone for Kingsland Global, and the company's Cambodian arm. Slated to be completed in the 2nd quarter of 2017, the hotel was sold to Vivaz Holdings Pte Ltd at US$13.4 million.This early sale is not only an exciting but significant achievement for Kingsland Global, which signifies the company’s firm belief in producing quality projects and moving further into frontier markets.Managing Director Mr. Jeremiah Lee said, "As we align our future plans to fit into Cambodia's changing landscape, we look forward to realizing this exciting opportunity to deliver our standards of excellence and quality to Phnom Penh’s community and the citizens of Cambodia. We look forward to making larger steps with our partners and associates, making Kingsland a leading developer in Cambodia over the ensuing years.”The project is currently in its fitting out phase as it works towards the completion of the 13-storey, 88-room luxurious boutique hotel that the Oknha Peich Boutique Hotel sets out to be. As the project gradually nears its completion date, Kingsland Global is looking forward to every subsequent success and future opportunity that will sharpen and refine its repertoire with the undertaking of every project. Another upcoming iconic development, One18 Residences, is a luxurious 24-storey apartment providing quality living and hotel-like amenities right in the heart of Phnom Penh city. Look forward to a first-class residential experience like none other when the project is completed.For more info on Kingsland in Cambodia, please get in touch with Kingsland (KH); (Address) No. 34 Street 200, Boeung Riang, Duan Penh, Phnom Penh, Cambodia (Tel) +855 77 3399 20, (Fax)+855 23 2217 07/08 or Kingsland Global Headquarters (Singapore); (Tel) +65 6362 8998, (Fax)+65 6363 7031; or email info@kingslandglobal.sg

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D’Seaview offers a Highly-Manageable Payment Scheme

D’Seaview offers a Highly-Manageable Payment Scheme

June 6, 2022, 5:04 p.m.

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Being the first residential project of the HLH Group in the country that is outside the realm of agriculture, D’Seaview project by the company’s residential project entity – Camhomes – has embraced great success since its introduction last year. Currently, more than 51 percent of the 737 residential units in the D'Seaview mixed-use development had been sold and the piling work has already achieved a hundred percent completion since the 18th of July, 2016. Deferred Payment Scheme: You will now be able to pay for a unit by giving 30 percent down payment first, then deferring the other 70 percent to only at the completion of the unit. This entails an absorbed fit out cost of approximately 5 percent of the purchase price and a guaranteed rental return of 30 percent over 3 years at 10 percent per year. Initially, a down payment of 5 percent is required. This is then followed by a 25 percent payment which is due upon signing the sales and purchase agreement, along with the guaranteed rental return side letter. The remaining 70 percent will be given once the unit is handed over. Installment Scheme: To further enhance the choices to interest buyers, one can also purchase a unit from D’Seaview through the new revolutionary way, via a 5 years installment plan. This gives buyer the added benefits of having 0 percent interest, 100 percent installment for 60 months, and has 0$ down payment. Only a selected limited number of residential units in D’Seaview qualifies for this type of payment scheme, therefore it is while stock last basis. Getting a residential unit with high-class amenities and a beautiful view of the beach has never been easier. See the full listing and Inquire today!

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With Japanese-quality ensured, Borey Maha Sensok phase 1 already 80% sold!

With Japanese-quality ensured, Borey Maha Sensok phase 1 already 80% sold!

June 6, 2022, 5:05 p.m.

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Recently, Borey Maha Sensok, the biggest landed housing development by a Japanese company in Cambodia, has received massive interest from local customers.Only 4 months after soft launch, Borey Maha Sensok has been sold out around 80% for its first phase. This sales success is due to the affordable prices, starting from $49,500 per unit, flexible payment terms and home loan/financing options. Presently, the project is under construction, along with road construction and sewerage facilities development.This latest project of the Creed Group, Borey Maha Sensok, is located just 3km from the Phnom Penh International Airport, in Krang Thnong District, Sen Sok Commune, a fast developing area near the upcoming Lion Mall project and AEON Mall 2.Borey Maha Sensok covers a total area of 120,684 square meters and consists of 683 units, including one floor flats (E0), two floors flats (E0E1), and land lots for villas. Common amenities include solar power street lights throughout, beautiful flower gardens and landscaping, a children’s playground, and an exterior gym. Japanese elements are brought into the design also, such as a foot massage path and tree trunk path, and a full equipped garden cabana.According to Mrs. Cheng Sokha, assistant to the Sales and Marketing Director at Creed Group, the project has had high interest from clients because of the trust for the development company: “our project offers concise and fully legal documents for buyers, and the construction quality is strictly controlled by Japanese engineers.”Borey Maha Sensok is the second project of the Japanese investor, Creed group, who has already invested in Cambodia with their first project, Bodaiju Residences, located on Russian Boulevard in front of the Phnom Penh International Airport. Creed Group’s main office is in Japan and has been investing in projects throughout Asia, including Cambodia, Vietnam, Bangladesh, Malaysia, Japan and Singapore.Looking for a new landed borey home? See the full listing for BOREY MAHA SENSOK now!Or want to buy a modern condo? See the full listing for BODAIJU now!

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