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Kingdom’s Construction Activity and Home Sales Increase in H1 2022
Kingdom’s Construction Activity and Home Sales Increase in H1 2022
July 25, 2022, 6:00 a.m.
Realestate News
Cambodian real estate activity nudged forward despite an ongoing global perfect storm. According to a recently published report by the Ministry of Economy and Finance (MEF), the real estate sector grew by 2.5% largely stymied by slowdowns in the high-end condominium market.The same report, however, highlights that activities (sale and rent) for other segments such as affordable and mid-range will continue to drive growth for the rest of the year. Overall, the first four months of 2022 recorded a 6.7% increase in home sales across condos and villas.The report also shed light on Cambodia’s construction industry which only grew 3% due to decline in projects meant for tourism and trade. According to the MEF report, the number of construction projects approved specifically for trade and tourism decreased by 36% and 20%, respectively.Phnom Penh’s skyline is ever changing with healthy demand from locals and foreign investors alike. Photo by Sony Tep from Khmer Times.Residential construction, particularly in the affordable and mid-range sector, have been the key drivers in the Kingdom’s construction sector as of late. Construction activity for residential villas increased by 60% while construction for apartments increased by a massive 183% in the first 5 months of 2022.Worth noting was the recently concluded EXPO 2022, organized by Realestate.com.kh, Cambodia’s largest real estate classified’s portal, which attracted over 12,000 attendees and $30 million in sales over the course of 2 days. Realestate.com.kh also mentioned in their post-event marketing that developers are still receiving inquiries weeks after the event.The success of the event stands testament to a continued and healthy real estate demand in the Kingdom’s property sector primarily stemming from the local middle-class and keen foreign regional investors.Cambodia’s real estate market has been a key contributor to the country’s GDP growth for the past decade. This year, the WorldBank forecasts a 4.5% growth while the ADB expects a 5.3% growth in 2022. Growing local demand for residential property will likely drive growth in real estate for the rest of 2022.Looking for property in Cambodia? Let us help!
Your Holiday Home Is Ready, Take a Tour at the EXPO 2022 with Century 21 Cambodia & more
Your Holiday Home Is Ready, Take a Tour at the EXPO 2022 with Century 21 Cambodia & more
June 27, 2022, 9:09 a.m.
Property Reviews
Realestate News
In line with an increased domestic tourism, Cambodian property seekers have been snatching up holiday homes all over the country! And Realestate.com.kh, the country’s largest online classifieds portal is giving you the chance to own your very own holiday home at the best prices - only at the Realestate.com.kh EXPO 2022!Holiday Homes at the Expo 2022Cambodia’s countryside is seeing increased development in terms of residential choices that take advantage and at the same time, preserve the environment that has made its holiday homes popular. The leading Developers of these holiday getaways are a welcomed addition to the 2022 EXPO and below are some of the most popular properties that are currently on the market.Golf HarmonyGolf Harmony is a Luxury Holiday Villa development in Phary Village, Prey Thnong Commune, Teuk Chhou District, Kampot town, secretly tucked in the midst of the Kampot valley, well hidden and surrounded by a green lush forest. By combining an extraordinary landscape with modern and quality edifices, Gold Harmony aims to show a new level of quality living for EXPO 2022 Attendees.Developer/Project Highlights HighlightsNew project in the serene town of KampotPinnacle of luxury living with high-class villas and amenities including a private golf courseMixed-used development with both villas and apartments availableOasis HarmonyOasis Harmony is a new breed of holiday villas that allow for a luxury lifestyle in Cambodia's most serene province: Kampot. With only 72 villas constructed, it's an exclusive neighbourhood with high-class amenities such as horse riding. This year, they are offering limited-time deals for attendees of the EXPO 2022.Developer/Project Highlights HighlightsExclusive and high-class neighbourhood with Grade A amenitiesProperties are treated to views of the lake and mountainsPlatinum CoastPlatinum Coast is a new development coming to Sihanoukville. Much like it namesake, Platinum Coast is a project looking to transform Ream, Sihanoukville into a high-class getaway filled with seaside amenities. They will be showcasing several of their offers to attendees of the EXPO 2022.Developer/Project Highlights HighlightsHigh-class project with similar quality amenities for a luxury countryside getawayLocated in Ream near the port town of Sihanoukville, a major residential and commercial centre in Southern CambodiaStar BayStar Bay Cambodia is one of the projects that best represent the advent of modern seaside developments in the Kingdom’s booming real estate sector. Star Bay's properties have been a symbol of investing and developing a sophisticated project in the fast-growing city of Sihanoukville. From the bottom to the top, Star Bay is carefully crafted to be everyone's dream home. And this year, Star Bay is offering exclusive deals and sneak peeks into what's coming - only for EXPO 2022 attendees!Developer/Project Highlights HighlightsOne of the biggest and newest prime developments in SihanoukvilleResort-style living available for investors and buyersComplete seaside amenities close to urban conveniencesCoastal CityThe development of Stardream Lake Tourism Town covers an area of 248 hectares of land which is planned to include an ecological park and two lakes in the future. The project will be built after the completion of its green spaces, natural ecology, and pristine beaches to lay the foundations of an entrepreneurial community and leisure tourism. Attendees at the EXPO 2022 will get a preview of what’s coming for Coastal City!Developer/Project Highlights HighlightsLocated in Botum Sakor, Koh Kong, another of Cambodia’s ecologically diverse provincesLarge-scale development complete with different styles of homes availablePristine green surroundings not seen anywhere else in CambodiaGet the chance to directly talk to developers and snag a deal of a lifetime this EXPO 2022 happening this July 2 to 3 at the Premier Centre Sen Sok. Register now!EXPO 2022 Registration Portal
New Economic Road: National 71C Reaches 37% Completion
New Economic Road: National 71C Reaches 37% Completion
July 19, 2022, 12:13 p.m.
Realestate News
Tbong Khmum Province, Cambodia - The construction project of National Road No. 21C reaches 37% completion as of late June 2022. The new road is being constructed with a total length of 114.62 kilometres starting from km 154 + 700 on National Road 7 in Sralop Commune, Tbong Khmum Province and is being complete at khm 30 + 400, National Road 71 in Svay Teap Commune, Chamkar Leu District, Kampong Cham Province.A delegation of the Ministry of Public Works and Transport (MPWT), including HE Senior Minister Sun Chanthol, visited the construction project last Jun 20, 2022 to inspect and monitor the progress of National Road 71C, reported to be built to the tune of $130 million.The National Road 71C is expected to create a new economic corridor in the Kingdom’s Northeastern regions by October 2024. Photo from the MPWT.The technical inspection delegation’s purpose is to determine whether the road is being built to specifications, monitor work by the contractors, and check on the overall progress of the new national road. The MPWT often conducts technical inspections on major infrastructure projects around the country.HE Sun Chanthol, the Minister of Public Works and Transport, addressed the media during their visit to the site. He went over topics such as the geographical situation surrounding the road, efforts to raise the road to avoid flood during Cambodia’s rainy seasons, construction of bridges and digging canals and drainage systems to ensure the road’s longevity.The Senior Minister reminded the construction workers and ancillary staff to ensure the quality of the road, as well as keeping the peace so as not to disturb residents living near where the road passes.National Road 71C is one of the latest projects by the Royal Government to create another economic artery, this time in the country’s Northeastern regions. The National Road 71C is expected to make transportation and logistics easier for industries in this region of Cambodia, particularly agricultural, industrial and tourism. Quality roads such as National Road 71C allow for faster transportation resulting in lower costs, especially with interregional trades with Cambodia’s neighbours.According to authorities, the National Road 71C will take 42 months to complete. With a target completion date of of October 2024, the national road is being built by Seang Construction Company with technical supervision from Guangzhou Wanan Technical Consulting Co.,Looking for Property in Cambodia? Let us help!
Real Estate Expo 2022 Developers Offer Properties from as Low as $16,990
Real Estate Expo 2022 Developers Offer Properties from as Low as $16,990
June 21, 2022, 9:15 a.m.
Events & Announcements
Realestate News
The Real Estate EXPO 2022, organized by Realestate.com.kh is bringing together developers from across Cambodia and around the world. Cambodia’s property market is bouncing back and we’re giving attendees the chance to check out the latest developments in the up-and-coming places from all over the Kingdom - only at the Real Estate EXPO 2022!Regional Developers Showcase DevelopmentsDevelopers from around Cambodia are coming to Phnom Penh for the Real Estate EXPO 2022 to deliver exclusive deals and sneak peeks into what’s coming all around the Kingdom.KH Land, one of the most established local names in Cambodia’s real estate, is already making waves with its new project in Kampong Speu reportedly going to be offered at only $16,990 per unit. But KH Land isn’t the only regional developer giving EXPO attendees great deals!Other developers and regional developments also joining are Borey Cheyoudom (Kampong Speu), Golf Harmony and Oasis Harmony (Kampot), Borey Lorn City Lotussea (Sihanoukville), Platinum Coast (Sihanoukville), Star Bay (Sihanoukville), Coastal City (Koh Kong), Angkor Grace Residence & Wellness Resort (Siem Reap).Developers will have representatives to showcase their projects at the Premier Centre Sen Sok from July 2 to 3, from 9:00AM until 06:00PM. Attendees will have the chance to directly speak and ask questions to developers, get exclusive discounts and prizes, as well as make a comparison and select their favorite project during the event!Find Your Dream Home At The EXPO 2022Realestate.com.kh brought back the Real Estate EXPO 2022 to help Cambodian property buyers connect with the best property developers in the country. This year, the country’s real estate market is set to bounce back and the EXPO 2022 is an avenue where property buyers can get the best deals on the best homes in Cambodia today.Register now for the opportunity to find your dream home this July 2-3 at the Premier Centre Sen Sok!Register for the Expo 2022
Panasonic Solar Lanterns Light up Rural Cambodia
Panasonic Solar Lanterns Light up Rural Cambodia
June 15, 2022, 3:10 a.m.
Realestate News
Panasonic Cambodia, in collaboration with the non-governmental organization Light with Dignity (LWD), has recently provided 1,050 Panasonic Solar Lanterns to people living in areas without access to electricity, particularly in Battambang and Pursat Provinces. Panasonic is helping rural Cambodia to address this problem by way of "Light up the Future" program, an initiative that provides assistance to people living in areas without access to electricity.Yasunobu Matsumoto, CEO and Country Head of Panasonic Cambodia, led the mission to Veal Village which was also accompanied by the district governor and other dignitaries. The recipients of the donation also included people from three other rural districts namely, Prek Pir Village, Ta Deh Village and Boeng Krolor Village in the provinces of Pursat and Battambang. Following the occasion, Mr. Yasunobu Matsumoto stated his excitement at meeting the people of Veal Village in person, as well as his desire for Panasonic Cambodia to become more active in community programs. "This is not a one-time effort, and Panasonic will continue to assist in improving the lighting condition of the people living in rural Cambodia," he stated.  Before they were distributed to the village, LWD conducted a survey to select the families that need the lanterns the most. Solar lanterns have many uses. People can use them for lighting up their own houses so that they can cook or their children can continue to study when it gets dark outside. These can also be used as a substitute for streetlights at night in those same areas.  A Panasonic Cambodia representative described how the firm is committed to creating an inclusive society free of poverty by participating in activities that address social issues. The "Light of the future” program is one of our social duties to end poverty, which is why we are partnering with LWD, a non-governmental organization that works with vulnerable people and communities to alter their personal and socioeconomic conditions towards self-sufficiency through a holistic development strategy." About Panasonic CorporationPanasonic Corporation is a global leader in developing innovative technologies and solutions for wide-ranging applications in the consumer electronics, housing, automotive, and B2B sectors. The company, which celebrated its 100th anniversary in 2018, operates 522 subsidiaries and 69 associated companies worldwide and reported consolidated net sales of 6,698.8 billion yen for the year ended March 31, 2021. Committed to pursuing new value through collaborative innovation, the company uses its technologies to create a better life and a better world for customers. Learn more about Panasonic: https://www.panasonic.com/global Founded in 2010, Panasonic Cambodia is the official representative office of Panasonic Singapore in Cambodia, responsible for the sales, aftermarket sales, marketing, and distribution of Panasonic products in both the B2B and B2C segments. Panasonic Cambodia also plays an active role in creating lasting, positive impacts to society and the communities it serves. For more information, please visit the Panasonic Cambodia website www.panasonic.com/kh
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Melbourne-based LOUISE Offers Exclusive Prelaunch Look At EXPO 2022
Melbourne-based LOUISE Offers Exclusive Prelaunch Look At EXPO 2022
June 13, 2022, 10:13 a.m.
Events & Announcements
Realestate News
We’re less than a month away from the EXPO 2022 and the excitement is already building up! News of Cambodia’s biggest property show is attracting not just foreign investors but also foreign investment opportunities for the keenest Khmer investors.Part of the many properties to be showcased during the EXPO 2022 this coming July is an Australian property based in Melbourne: LOUISE.LOUISE, Everything You Want, and MoreLOUISE is a new and upcoming residential property in Melbourne, Australia. Located close to Melbourne’s CBD, LOUISE presents an ideal opportunity for investors looking for opportunities abroad, and in Australia, no less!Located a stone's throw away from the Alfred Hospital, one of the best in Australia10 minutes away from the top universities in Australia including Melbourne Uni & RMITOnly 2 kilometers from Melbourne’s Central Business District (CBD)Built by a trusted and experienced developer in AustraliaBeing one of the newest projects in the Melbourne downtown area, it enjoys the latest technologies and design for a modern residential home. LOUISE was designed by Cera Stribley, renowned architecture and interior design firm in Australia, to evoke a sense of home inspired by both the heritage of the neighborhood and contemporary buildings that mark its place in the future.Investing In Melbourne, Investing In The FutureWith a strong economy, world-class infrastructure, and robust job market, it’s easy to understand why Melbourne is the fastest growing city in Australia. Melbourne’s private and public sectors are investing heavily in key growth pipelines such as education, medicine, science, and technology.It’s worth noting that Melbourne has already attracted many Western and Asian investors, looking to establish their families in the city. After all, 2 of the Top 100 universities are located in Melbourne, the University of Melbourne and Monash University, making it the ideal place for students to study in the premier educational institutions in the world.Exclusive Look Only At The EXPO 2022LOUISE will be offering exclusive deals during the EXPO 2022 as one of its guest foreign property exhibitors. In fact, EXPO 2022 attendees will get an exclusive prelaunch look at LOUISE before it hits the Melbourne market.The EXPO 2022, much like its predecessor events, is expected to draw in several thousands of visitors over the course of 2 days from July 2-3, 2022 at the mega event venue: The Premier Centre Sen Sok.Don’t miss out on this chance to see what a modern home abroad can offer. Register now!Register For The EXPO 2022
Realestate.com.kh Brings Back Cambodia’s Biggest Property EXPO
Realestate.com.kh Brings Back Cambodia’s Biggest Property EXPO
June 7, 2022, 7:05 a.m.
Events & Announcements
Realestate News
MORGAN TOWER, PHNOM PENH - Realestate.com.kh is bringing back its massively popular Real Estate EXPO this coming July 2 & 3 at the Premier Centre Sen Sok. The Real Estate EXPO 2022 is one of Realestate.com.kh’s offline events pushing the real estate and related industries to new heights and delivering exclusive deals and vital services to the growing Cambodian market - all in one place.The Real Estate EXPO is a series conceived by Realestate.com.kh’s founder Moek Chenda and the company’s CEO Thomas O’Sullivan with the vision of creating an event where buyers can secure some of the best deals in real estate, attend free property seminars and enjoy a great day out with the whole family by visiting some of the attractions such as the latest in property technology, car test drive areas, and kids entertainment zone. The biggest names in property development across Cambodia will be on display including OCIC, Orkide Development, Chip Mong Land, Borey The Flora, Golden Cambodia Century, Morgan Group, Prince Real Estate,  Borey Kasen, Borey Bosba, Borey Arey Ksat, Coastal City and many more. To complement the home buying decision the leaders in banking, finance and insurance will also be there to consult buyers. As will the leading real estate agencies in Cambodia such as CBRE Cambodia, Cambodia Properties Limited, GC Realty, Pointer Property and property investment specialists Fazwaz Cambodia.Register As An Attendee or ExhibitorWin Big At The Realestate.com.kh EXPO 2022Apart from securing the best deals in real estate and other mid to high-end items, attendees will all go into the draw to win some of the biggest prizes ever seen at similar events, including jewelry from Princess Alanka, Watches from Watch Empire, Equipment from Seara Sports Systems, movie tickets from Legend Cinema, Appliances from both Fotile, Mitsubishi and many, many more. Property developers and exhibitors will be offering a variety of buyers incentives during the two days including huge discounts and show-only lucky buyer prizes including property & cars!When, Where, and What Time? The Real Estate EXPO 2022 will be held at the Premier Centre Sen Sok. The EXPO 2022 will start on July 2 & 3, Saturday and Sunday from 9:00 am until 6:00 pm both days. The Real Estate Expo 2022, Above and Beyond Properties & Services“We have not been able to do an offline event of this scale since our record-breaking events in 2019, whilst not surprising we have really been overwhelmed with the response from both exhibitors joining the expo, as well as very good signs from attendees with 5000+ people already signed up to attend the event,” said Thomas O’Sullivan, Realestate.com.kh CEO.“Ultimately, our goal is to give buyers and Cambodian families an opportunity to get the best deals in real estate of the year, and to create an experience where they can have a great day out together. By adding attractions and activities such as seminars from the leaders in the property industry, kids play areas, cars, an extensive food & beverage and more allows us to not only put on the biggest and best property expo but to create a great day out for the whole family” Mr. Thomas said.Register As An Attendee or ExhibitorA Series of Record-Breaking SuccessesThe most recent Real Estate EXPO held in Naga World Phnom Penh in 2019 was a major success that broke the country’s biggest property sales event ever in Cambodia with a whopping $ 30 million in sales and attracted over 20,000 visitors.  Earlier in 2019 the Home & Lifestyle event attracted more than 15,000 attendees and reached over $20 million in sales. Cambodia’s Leading Boreys, Condos, Agents, Banks, Lifestyle & Corporate brands The who's who of Cambodia's property market and ancillary services are already onboard with more coming as the EXPO 2022 on July 2 & 3 draws closer.Major sponsors & key supporters include: The Khmer Times, Cambodian Investment Management, Princess Alanka, B2B Cambodia, Watch Empire, Mitsubishi Heavy Industries, Panasialife, Gold Zone Media, Seara Sports Systems, Fotile, and LM Car.Exhibitors  include: Orkide Development: Orkide The Botanic City, Orkide The Pochentong, Orkide The Royal Condominium, Morgan Group: Morgan Tower, Morgan EnMaison, Overseas Cambodian Investment Corporation (OCIC), Chip Mong Land, Prince Real Estate Group, Creed Cambodia, Canopy Sands, Borey Kasen Phnom Penh, Borey Bosba, Borey Williams, Genrich Investment, Credit Bureau of Cambodia, Chroy Changva Satellite City, Norea City, Borey Heng Heang, The Elysee, Elite Town 3, Olympia City, Borey New Hope, Kien Svay Plaza, Tourism City, Diamond Bay Garden, Golden Cambodia Century (GCC): Borey Nadi, GC Orussey Market, Borey The Flora, KH Land, Platinum Coast, Golden Cambodia Realty, Phnom Penh Galaxy Garden, Coastal City, Century 21 Cambodia, Oasis Harmony, Golf Harmony, City Gem, Borey Lorn City, Fortune City, Borey Arey Ksat, Borey Chey Oudom, One 70, LM Car, Fotile, JTH Lawyers, API Global, TCU Polys Enterprise, Harvey Law Group, Beike Realsee, FazWaz, Buildmax International, Sathapana Bank, Cellcard, Yuan Dian Advertising MediaMedia partners include: Khmer Times,  B2B Cambodia, AmCham, ADA, Cambodia Investment Review, Property Area Asia, Gold Zone Media, The Cambodia China Times, Thmey Thmey, Enjoy Cambodia, Business Cambodia, FreshNews, Koh Santepheap Daily, Kampuchea Thmey Daily, ThmeyThmey, CNC, BTV, PNN, Hang Meas, CTV, TVK, CTN, Jianhua daily, Cambodia China Times, PanasiaLifeRegister As An Attendee or Exhibitor
Ring Road 3 Approaches 75% Completion Milestone
Ring Road 3 Approaches 75% Completion Milestone
June 7, 2022, 3:38 a.m.
Realestate News
Ring Road 3 is approaching its 75% completion milestone as of the end of May 2022. The Ring Road 3 cost $300 million and began in January 2019. The project is expected to be completed in September 2022, according to the Ministry of Public Works and Transport.Ring Road 3 has an estimated 47 km of cement pavement and another 5 km of asphalt pavement. In terms of length, it totals 52 km with a width of 22 m. Ring Road 3 stretches from National Road 4 starting from Por Sen Chey, a highly populated district in the west of Phnom Penh, and goes through National Roads 2 and 3, connecting to National 1 in the eastern portion of the capital city’s autonomous port.The construction of the Ring Road 3 has been a susceptible project to disruption given the COVID-19 pandemic, but government planners and its contractors have been on track for its target completion date.This road is being constructed by Shanghai Construction Group Co., Ltd., with a technical inspection conducted by Guangzhou Wanan Construction Supervision Co., Ltd. The project’s $300 million price tag is footed through a loan from China.Once operational, the Ring Road 3 will be part of Cambodia’s National Road system and contribute to the growth of Cambodia’s industrial, transportation and logistics infrastructure. AEON, a Japanese shopping mall giant, is set to build an estimated 30,000 sqm logistics center in a Special Economic Zone (SEZ) near the southern port of Sihanoukville. The Japanese conglomerate aims to launch operations in 2023, covering vital logistics services such as storage of imported goods, customs processing & clearance, and support for international online retail.The government’s plans to expand and rehabilitate the National Road system will overall improve the movement of goods inside the ASEAN and create a new economic corridor within the Indochina region.Looking for property investments in Cambodia? Let us help!
Prince Trust, Cambodian Investment Management, and Realestate.com.kh to Jointly Promote Cambodia’s Trust Law to Foreign Investors
Prince Trust, Cambodian Investment Management, and Realestate.com.kh to Jointly Promote Cambodia’s Trust Law to Foreign Investors
June 7, 2022, 6:28 a.m.
Events & Announcements
Realestate News
On May 27th, Prince Trust, a member of Prince Holding Group (“Prince Group”), one of Cambodia’s largest business groups spanning across real estate development, financial services, and consumer services, has signed a memorandum of understanding (MoU) with Cambodian Investment Management and Realestate.com.kh to collaborate on opportunities in attracting inbound investments through Cambodia’s Trust Law.The MoU ceremony was presided by Michael Chiam, Board Director of Prince Trust, Anthony Galliano, CEO of Cambodian Investment Management, and Tom O'Sullivan, CEO of Realestate.com.kh.Based on the terms of the MoU, the three parties will work towards co-creation of joint capabilities in attracting investment by providing a seamless, trustworthy, and transparent experience for foreign investors. With Cambodia experiencing rapid growth and the passage of the Trust Law in 2019, Prince Trust was established to assist investors looking to venture into Cambodia.Michael Chiam, Board Director of Prince Trust noted ”We established Prince Trust to assist foreign investors looking to venture into Cambodia by promoting trust law. Together with the strong credibility and market awareness of Cambodian Investment Management and Realeastate.com.kh, we will be able to leverage on our respective competitive strengths in addressing the needs of foreign real estate investors looking into Cambodia”While Anthony Galliano, CEO of Cambodian Investment Management, championed the term “Invest Cambodia” in his remarks, noting that Cambodia's remarkable management of Covid 19 has prepared the market for a rapid recovery and “the country has never been better placed for foreign investment”Tom O’Sullivan, The CEO of Realestate.com.kh noted that “website traffic had grown past 200,000 visitors a month over the first half of 2022, with over half of the traffic from international markets” which is a sign that international investment in Cambodia is again on the rise. O’Sullivan went on to say that he “was looking forward to again being a pioneer in the industry along with Prince Trust and Cambodian Investment Management in educating the international investor market and local sellers about the trust law in Cambodia, which is a legal, transparent vehicle in facilitating real estate transactions for foreign investors”What is a Trust or a Real Estate Trust?A Trust is one of the mechanisms to help investors manage their assets. A trust is a way of holding and managing property, whereby the person setting up the trust (called the grantor, settlor, or trustor) transfers property to a trustee, who manages the property for the benefit of others (called beneficiaries).For more information, please visit www.princetrust.com, www.princeholdinggroup.com, www.facebook.com/CambodianInvestmentManagement, and www.realestate.com.khLooking for property investments in Cambodia? Let us help!
Real Estate EXPO 2022 Reveals Its First 30+ Exhibitors This Coming July!
Real Estate EXPO 2022 Reveals Its First 30+ Exhibitors This Coming July!
June 23, 2022, 8:05 a.m.
Events & Announcements
Realestate News
Cambodia’s Premier Property Show is back with the biggest developers in Cambodia including: Orkide Development, Morgan Group, Overseas Cambodian Investment Corporation (OCIC), Prince Real Estate Group, and many others COMING TO YOU - ALL IN ONE PLACE!The Real Estate EXPO 2022 is fast approaching and Realestate.com.kh, Cambodia’s largest real estate classifieds platform, is proud to announce the first wave of exhibitors!The Real Estate EXPO 2022 is Cambodia’s premier property show featuring agencies, developers, banks, insurance companies, and other services that homebuyers and investors need when buying property - all in one place.Key exhibitors for this year's EXPO 2022 include:Orkide GroupPrince Real Estate GroupChip Mong GroupOverseas Cambodian Investment Corporation (OCIC)EZECOMHGB GroupCentury 21 CambodiaWith well over 30 exhibitors already booked and preparing for the first expo in over two years, buyers can expect to find some of the best deals in property for the year, with most developers offering exclusive show-only discounts on select units with some even offering discounts of up to 20%! Real Estate Seminars from Industry ExpertsWhile there will be several dozen properties and developers present during the event, the question remains: Which property do you buy?One of Realestate.com.kh's missions is to educate property buyers. And with the biggest names in real estate all gathering in one place, Realestate.com.kh will be hosting a series of seminars showcasing the opportunities - present and upcoming - in the Cambodian property market. Several notable personalities from big developers, reputable agencies, as well as well-known international consultancy firms will be sharing insights and tips over the 2-day event.Speakers already confirmed for the event are:Mr. Ith Hero, Director of Statistics, National Bank of CambodiaMr. Oeur Sothearoath, Chief​ Executive Officer, CBCMr. Lawrence Lennon, Managing Director, CBRE CambodiaMr. Chrek Soknim, President of the Cambodia Valuers And Estate Agents Association (CVEA)Ms. Mom Sothavatey, Country Manager, Fazwaz CambodiaMr. Seraj Sutton, COO & Director, Century 21 CambodiaMr. Kang Nin, Director and Partner, Golden Cambodia RealtyMr. Chu Zexu 褚泽旭, General Manager, Morgan GroupMs. Ry Navy, Head of Sales Division, OCICMr. Ngoey Thy, Assistant to CEO, KH LandDon't miss out on expert insights that could land you your dream home or your next big investment!Special EXPO 2022 Raffle EventThe EXPO 2022 is sponsored by big names in the Cambodian consumer market. From commodities to big-ticket items, attendees will have the chance to win exclusive prizes - worth those of being included in the Kingdom's biggest property show of the year!The event is completely free to attend, and make sure you sign up for express entry to avoid the queues on the day! The Real Estate EXPO 2022 is happening this July 2nd  and 3rd at the Premier Centre Sen Sok, located in the fast-urbanizing district of Sen Sok and directly in front of AEON Mall 2 - the largest purpose-built shopping mall in Cambodia.Interested in joining the event as an attendee?Register for the Expo 2022
Ministry Studies Expansion of National Road 4 to Ease Congestion
Ministry Studies Expansion of National Road 4 to Ease Congestion
June 7, 2022, 6:59 a.m.
Realestate News
Cambodia’s nationwide infrastructure development continues with the Ministry of Public Works and Transport exploring plans to expand National Road 4 through funding from the World Bank.Chief among the many issues discussed was the rehabilitation and expansion of National Road 4 funded by a loan from the World Bank. Improving transportation across Cambodia has been a priority of the national government for most of the recent decade, and National Road 4 is next on the agenda.National Road 4 is one of the major roads connecting Phnom Penh to vital economic and tourist spots such as Sihanoukville and Koh Kong. The improvements planned for NR4 are expected to ease traffic congestion, lessen travel time, and overall reduce costs of transportation in this economic corridor.Officials of the Ministry of Public Works and Highway meet with the World Bank last May 24, 2022. Photo from the MPWT.Apart from national road projects, the MPWT also discussed plans to install Electric Vehicle (EV) Charging Stations as one of the Kingdom’s pushes to reduce environmental pollution. The development of a public bus system in Siem Reap was also discussed, as well as the management of wastewater in Phnom Penh, Siem Reap, and Sihanoukville. Last but not least, was the discussion of the Phnom Penh Logistics Center (PPLC) Development Project.The World Bank has been a vital partner in the Royal Government’s goal to realise its national development goals through enhanced transport infrastructure, sustainable waste management and overall quality-of-life improvements for the Cambodian people.Looking for Property Investments in Cambodia? Let us help!
Cambodia’s #1 Property Show is BACK: Real Estate EXPO 2022
Cambodia’s #1 Property Show is BACK: Real Estate EXPO 2022
June 7, 2022, 4:32 a.m.
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AFTER 2 LONG YEARS, IT’S FINALLY BACK! The Realestate.com.kh EXPO 2022 is coming this July 2022 (2nd & 3rd) and it’s bringing exclusive deals and promotions from Cambodia’s leading borey & condo developers, banks, insurance, and many services for your home needs!A WORLD-CLASS VENUEThe Realestate.com.kh EXPO 2022 will be held at the Premier Centre Sen Sok. This grand venue is well-known among Cambodians, expatriates, and foreign investors for its wide spaces, accessible roads, and is directly adjacent to AEON Mall Sen Sok, the largest purpose-built shopping mall in Cambodia today.WHO WILL BE AT THIS YEAR’S EXPO?Anything and everything related to Cambodian property will be at Realestate.com.kh’s EXPO 2022, including the most renowned property developers such as Orkide Development, Creed Group, The Flora, Morgan Group, and many more.But buying property is usually more than just property itself. And this is where the advantage of buying at the EXPO truly shines. Not only will buyers be able to secure some of the best deals ever from boreys, developers, and agents at the event, but the leading banks and insurance companies will also be exhibiting and running special loan offers and coverages for your home and other property needs. Buying and securing your property needs not be a hassle when you can do it all in Realestate.com.kh’s EXPO 2022!Lifestyle brands will also be on show at the event with brands such as LM Car, B2B Cambodia, and Realsee 360 technology making it a great day out for the whole family. CAMBODIA’S BEST REAL ESTATE SEMINARS & TALKSVisitors will be able to attend property-related seminars across the two days, delivered by leaders in the property market. Seminars will include real estate trends; how to find the best opportunities in the market; what to look for when buying your first home; updates on Cambodia's economy; and future infrastructure developments. A LOOK BACK ON THE 2019 EXPO More than 10,000 attendees. Exclusive deals and discounts. Over USD $30 MILLION IN SALES was generated at this same event in 2019.The Realestate.com.kh EXPO is Cambodia’s biggest property show where real estate agents, developers, banks, and insurance providers come together to offer the best deals and discounts ALL IN ONE PLACE.The EXPO has solidified itself as part of the industry’s calendar of events as middle-class and affluent Cambodians, as well as expatriates and foreign property investors, attend the EXPO successfully securing the best deals and opportunities in real estate. Pre-registration is LIVE! Sign-up now to get express entry at the event and updates on who will be joining the Real Estate EXPO 2022 this coming July 2-3 Register now!Real Estate EXPO 2022 Registration here
Phnom Penh-Sihanoukville Express Way Set for July 2022 Completion
Phnom Penh-Sihanoukville Express Way Set for July 2022 Completion
June 7, 2022, 7:14 a.m.
Realestate News
The completion of the Phnom Penh-Sihanoukville expressway will play a key role in further pushing Cambodia’s economic growth for decades to come. Photo from the MPWT.As of later April 2022, 90.95% of the Phnom Penh-Sihanoukville expressway construction project has been completed, and it is expected to be open for public use in July. Prime Minister Hun Sen will attend and preside over its official opening ceremony.Being Cambodia’s first expressway, the construction of the Phnom Penh-Sihanoukville expressway (also referred to as the Golden Port Expressway) cost 2 billion USD and was built with the aid of the Chinese government. The expressway spans five provinces, starting at the third ring road in Phnom Penh City and ending in Sihanoukville Province. Its total length is at 187.05 kilometers with a two-way 4-lane system, each lane being 3.75 meters wide. The running speed limit for the expressway will be at 80 to 120 kilometers per hour.The highway itself includes 7 intersections, 3 rest areas, 1 parking lot, 4 operation and maintenance centers, 40 major and medium-sized bridges, and 5 small bridges. For scale, the highway is 80.8 kilometers away from the province, 1.92 kilometers away from Koh Kong, and 89 kilometers away from Sihanoukville. For the safety of those using the expressway, a green isolation belt was placed in the middle, with galvanized steel pipe guardrails on both sides of the road to prevent animals from passing through. The construction also utilizes a modified asphalt technology, which is compatible with Cambodia’s weather thus improving pavement performance and extending service life.The Phnom Penh-Sihanoukville expressway was funded by the China Road and Bridge Engineering Co., Ltd., operating in a BOT (build-operate-transfer) system. Construction officially started on March 22, 2019, with a construction period of more than 3 years and an operation period of 50 years. Being Cambodia’s first expressway connecting Phnom Penh and Sihanoukville, it plays an extremely important role in the Kingdom’s socio-economic development. It also is the first step in Cambodia’s layout of the national transportation network system.At present, the travel time from Phnom Penh to Sihanoukville takes about 4-6 hours. Once the expressway is completed, the journey will be shortened to a mere two and a half hours. The project will facilitate the transportation of goods between the two economic centers while also creating nearly 10,000 jobs. Once completed, it will not only fill the gap in Cambodia’s infrastructure needs but also help stimulate provincial and national economic growth.The toll standard for the Phnom Penh-Sihanoukville expressway has yet to be determined, however. If the standard is at 10 cents per kilometer, the cost of making the whole journey itself would be close to 20 USD. H.E. Sun Chanthol, Minister of Public Works and Transport, previously stated that the toll standard for expressways around the world is generally at 10 to 15 cents per kilometer, which is a high cost for ordinary Cambodian citizens. The Ministry of Public Works and Transport has already proposed contracting companies to make toll rates on highways go down to less than 10 cents per kilometer, allowing more people across the country the financial capability to use the highway.The government is also negotiating with investors to allow free public testing of the expressway for a period of time before the official opening. This is to help the general public experience the expressway themselves and thus understand the costs entailed. In addition, the government has declared that on Cambodian public holidays, the highways will be free of charge.Looking for property in Cambodia? Let us help!
Managing properties in Cambodia as an overseas investor
Managing properties in Cambodia as an overseas investor
June 7, 2022, 4:45 a.m.
Realestate News
Home & Living
Property management is an integral part of Cambodia’s booming residential and commercial sectors. The fast-paced growth is most apparent in the capital Phnom Penh where new developments are announced and finished almost every year.And as the property market in Cambodia matures, developers, agents, and investors alike are seeing that the long-term success of the building largely depends on how good its services are once it’s handed over.So, what’s property management in Cambodia like? To help us understand the landscape, Realestate.com.kh invited Mr. Veasna Meas, CEO of Naki Realty, Cambodia’s premier property management firm.What’s Property Management in Cambodia like?Property management in Cambodia is not too dissimilar from what one can expect from more developed markets like the United States. According to Veasna, “Property management in Cambodia is similar to what is offered to both developers, owners, and tenants”He explains that property management in Cambodia covers essential aspects of maintaining a given property in multiple ways. For example, property management for condominiums in Cambodia looks after lobbies, passenger/service lifts, and other common areas used by co-owners or tenants in the building.Much like in the U.S., a homeowners’ association (HoA) can be formed by co-owners in Cambodia. This collective body is usually formed once a building is 70% occupied and has the option to pick a property management company to maintain shared spaces using the fees paid by either the tenants/co-owners.Veasna gives us a better understanding of how property management works in Cambodia by giving us its 2 main aspects: Facilities Management and Physical Management.Facilities Management Like that pool? It's thanks to property management that this pool is clean and clear! Photo from Silvertown Metropolitan.Facilities management refers to maintaining the exteriors and interiors of the building including windows, landscaping, driveways, lobbies, passenger lifts, gyms, and all other facilities part of the building.Veasna highlights the importance of having facilities management as buildings with multiple owners like condominiums have a need for someone to look after common/public areas. The fees paid as part of the management fee go into facilities management.Physical ManagementLooking for a clean living space? Property management helps you with regular cleanings. Photo from Silvertown Metropolitan.Physical management refers to the service provided within individual properties (be it a unit in a condo, a landed home, or even a shopping centre). This aspect of property management is more relevant for buyers who buy for investment purposes and require someone on the ground to manage their properties.Veasna notes that this aspect of property management is beneficial for overseas buyers. The importance of this service was emphasized during the COVID-19 pandemic when international travel was mostly restricted and where it was possible to travel required costly quarantine stays.Physical management services, like those offered by Naki Realty, allow overseas investors to manage their properties in Cambodia without physically being in the country. Benefits of property management for overseas investorsA good portion of property buyers in Cambodia come from overseas and the surge of foreign interest in properties in Cambodia has created a demand for property management services. Here’s how property management benefits overseas buyers in Cambodia’s real estate market:Allows investors abroad to oversee their propertiesGiven current travel restrictions, it has been property management companies like Naki Realty has made it significantly easier for overseas buyers to manage their property (or multiples of them) with little to nothing to worry about.One-stop solution to manage multiple propertiesOverseas investors usually have more than 1 property at a time. Managing multiple properties, be it in the same development or across different projects can be a headache. “Regardless of whether how many properties an investor owns,” Veasna said, “the objective of a property management company is to provide overseas buyers with someone they can count on to look after their properties”.Tenant management made easyOverseas investors can expect services like screening, leasing, and receiving requests from tenants to be handled by the property management firm they choose to hire. Property management services in Cambodia are open to receiving tenants requests 24/7. This saves the need for tenants to directly contact the owner who is likely located abroad and in a different timezone.Property management fees in CambodiaProperty management fees in Cambodia range from $1 to $2 and are multiplied by the gross area in square metres. Gross area refers to the size of the unit itself plus a share of the common areas. For example:Gross unit sizeUnit size50 sqmShare of common area40 sqmGROSS AREA (unit size + common area)90 sqmManagement feeGross Area90 sqmManagement fee (per sqm)$1.5MANAGEMENT FEE$135 per monthManagement fees go to the maintenance of facilities, with some developments allocating a portion for a Sinking Fund - a separate fund used to address unforeseen expenses in the building.Does the management fee include tenant screening and leasing?This is classified as an optional service and would cost a nominal fee. The cost of this additional service is a portion (around 10%) of the rental fee. By extension, dispute resolutions such as evictions would also cost a nominal fee.Can I negotiate a lower management fee for fewer services?Negotiating would be difficult as prices are set based on what type of unit is owned and the amenities available to it. Property management fees cover the cost of utilities and maintenance of facilities used by all tenants and co-owners residing in the building.Regulations surrounding property management in CambodiaDespite being a relatively new service, there are a few regulations surrounding property management in Cambodia.Property management licenseThe Ministry of Economy and Finance issues licenses for property management in Cambodia. Veasna explained that the Ministry started issuing licenses around 2015-2016, with Naki Realty obtaining the first few of these licenses when they were made available.Since getting the license, Naki Realty has been impactful in shaping the concept of property management to Cambodian regulators.Strata-titled buildingsStrata titles are a form of ownership applicable to buildings designed to have multiple owners. This is the only property available for direct foreign ownership. You can learn more about strata titles and other property titles in Cambodia here.Strata-titled buildings are required to have a form of property management in place. However, given the concept’s relative novelty, developers are still navigating how to implement this regulation.The future of Property Management in CambodiaOf course, there will always be a challenge with any new concept introduced in a market. According to Veasna Meas, the current challenge within Cambodia is the acceptance of property management as a standard of post-handover planning. However, he explains that more developers are starting to realize that they cannot be a jack-of-all-trades and would require expert property management.Additionally, the rising competition between developers has caused a number, especially those with international backgrounds, to seek out companies like Naki Realty to provide property management services to ensure the long-term value and overall success of their building, a period that goes well beyond the handover date.“Property management will continue to develop alongside the larger real estate market,” said Veasna Meas. “As more condos and office buildings come online, developers will see the need for this type of service”.Looking for a well managed property in Phnom Penh? Let us help!Article by:
Overview of districts in Phnom Penh
Overview of the Districts in Phnom Penh
June 7, 2022, 6:13 a.m.
Realestate News
Location Profiles
Phnom Penh is Cambodia’s capital city and is a growing metro situated where the Mekong, Tonle Sap and the Tonle Bassac rivers intersect. Phnom Penh has been the seat of power and primary economic hub in recent history. This has made the city grow to become the nation's center of economic, cultural, and political activity.According to the General Population Census 2019, Phnom Penh has a total population of 2,189,460 residents and population density of 3,136 residents per km2 across a central plain measuring 679 km2.Phnom Penh’s geography is largely defined by swathes of flatlands and the 3 rivers intersecting that provide inhabitants with water for both irrigation and transportation across the country. While its land size is comparatively small to its neighbours like Bangkok (~1,500 sqm) and Ho Chi Minh (~2,000 sqm), it does present investors the opportunity to capitalize on several of its fastest-growing industries, namely: construction & real estate, banking & finance, and manufacturing.Knowing about the city’s districts is a good way to gain an overview of the city. Here are a list of the districts (Khans) in Phnom Penh:7 Makara7 Makara or Prampir Makara (ខណ្ឌប្រាំពីរមករា) is one of the most central and smallest districts in Phnom Penh. Despite its size, its location puts properties here in an advantageous position of having access to every cardinal direction in Phnom Penh. Residential properties can easily be found here and commercial & retail properties are plenty given their proximity to other highly populated areas in Phnom Penh. The district is home to popular destinations such as the Orussey Market, Olympia Mall, and the National Olympic Stadium.Population: ~71,000 residentsYou can learn more about this area in our 7 Makara Location Profile.You can check out the property listings here if you’re interested!List of landed properties in 7 MakaraList of condos/apartments in 7 MakaraBoeung Keng KangBoeung Keng Kang (ខណ្ឌបឹងកេងកង) is a centrally located district in Phnom Penh. The district was once part of the larger Chamkarmon district until its formation in 2019. The district is largely known for its many residential, commercial, and retail destinations, embassies, and NGOs mostly found in Boeung Keng Kang I (BKK1). It is arguably one of the most urbanized areas in Phnom Penh that are still seeing strong interest among property seekers and developers alike. Some popular destinations include: The Toul Sleng Genocide Museum, Chip Mong Noro Mall, and the Wat Langka Buddhist Pagoda.Population: ~66,000 residentsYou can check out the property listings here if you’re interested!List of landed properties in Boeung Keng KangList of condos/apartments in Boeung Keng KangChamkarmonChamkarmon (ចំការមន) is arguably one of the most popular districts in Phnom Penh. Located in the south-central area of the city, its popularity with locals, expatriates, and tourists is derived from the quaint charms of the row of shophouses, restaurants, cafes, bars, galleries, and markets found in almost all its streets. The amount of for sale/rent properties also makes it a hot market among those looking to buy or sell. Some popular destinations in Chamkarmon include AEON Mall 1 (Tonle Bassac), the Russian Market, and its surrounding streets.Population: ~70,000 residentsYou can learn more about this area in our Chamkarmon Location Profile.You can check out the property listings here if you’re interested!List of landed properties in ChamkarmonList of condos/apartments in ChamkarmonChbar AmpovChbar Ampov (ខណ្ឌច្បារអំពៅ) is a peninsular district located in the southwestern part of Phnom Penh. The district is mainly accessible via the Preah Monivong Bridge. Chbar Ampov previously held a lot of unoccupied lands before Borey developers moved into the district. Today, Chbar Ampov’s vast lands put it at the precipice of massive developments from local conglomerates transforming the peninsula into a satellite city built around the pristine environment beauty that has made it a popular suburban living destination. Some popular destinations in Chbar Ampov include The Park Community Mall and the Prince Manor Resort.Population: ~164,000 residentsYou can learn more about this area in our Chbar Ampov Location Profile.You can check out the property listings here if you’re interested!List of landed properties in Chbar AmpovList of condos/apartments in Chbar AmpovChroy ChangvarChroy Changvar (ខណ្ឌជ្រោយចង្វារ) is another rapidly developing area of the city and has seen a number of commercial & residential developments, restaurants and other major infrastructure projects transforming the formerly quiet area on the outskirts of the city to what is now eyed a prime real estate destination. The area is also earmarked for government offices as well as projects to support Cambodia’s participation in the international stage, namey: the SEA Games 2023, and the massive Dragon City concept coming soon. Some popular destinations in Chroy Changvar include: The Morodok Techo National Stadium, Garden City Water Park, and the Phnom Penh Safari.Population: ~159,000 residentsYou can learn more about this area in our Chroy Changvar Location Profile.You can check out the property listings here if you’re interested!List of landed properties in Chroy ChangvarList of condos/apartments in Chroy ChangvarDangkaoDangkao (ខណ្ឌដង្កោ) is a district on the southern outskirts of Phnom Penh. While largely underdeveloped compared to other areas, Dangkao shares similar geographical features made up of flatlands connected by national road networks. At present, the majority of developments are boreys and garment factories.Population: ~160,000 residentsYou can learn more about this area in our Dangkao Location Profile.You can check out the property listings here if you’re interested!List of landed properties in DangkaoList of condos/apartments in DangkaoDaun PenhDaun Penh (ខណ្ឌដូនពេញ) is the de facto Central Business District in Phnom Penh. The district houses most of Phnom Penh’s skyscrapers along with its most historical buildings/monuments and luxurious hotels, restaurants, and other destinations for everyone living or visiting Phnom Penh. The importance of Daun Penh cannot be understated as tourism is first drawn here, shophouses are mostly for rent making the commercial space competitive fierce, and is where Phnom Penh’s nightlife is best experienced. Some of the popular destinations in Daun Penh include: The Riverside, The Royal Palace, and The National Museum of Cambodia.Population: ~155,000 residentsYou can learn more about this area in our Daun Penh Location Profile.You can check out the property listings here if you’re interested!List of landed properties in Daun PenhList of condos/apartments in Daun PenhKamboulKamboul (ខណ្ឌកំបូល) is the western-most district of Phnom Penh. The district was formerly part of the surrounding province of Kandal until its integration into Phnom Penh back in 2019. Being a new area into the capital’s growing metro, the area is yet to see large-scale development in its residential and commercial properties.Population: ~~75,000 residentsMeancheyMeanchey (ខណ្ឌមានជ័យ) is a district located in the south of Phnom Penh. The district, much like other outer districts, was primarily home to Borey developers and garment factories. Today, the district is earmarked for major developments such as AEON Mall 3 (the biggest mall in Cambodia yet) and the new Chip Mong 271 Mall. The completion of the Hun Sen Boulevard added to the accessibility and viability of many business endeavours in Meanchey spurred by Meanchey’s large population base. Some landmarks in Meanchey are the International School of Phnom Penh and the Steung Meanchey Market.Population: ~250,000 residentsYou can learn more about this area in our Meanchey Location Profile.You can check out the property listings here if you’re interested!List of landed properties in MeancheyList of condos/apartments in MeancheyPor Sen CheyPor Sen Chey is a district on the western side of Phnom Penh. The district is largely made up of borey projects, community centres, KTV bars, new condominium developments and garment factories. Por Sen Chey is popularly known as the airport district as the Phnom Penh International Airport is located in the district. While the district is relatively less developed compared to other areas, its international airport has made it next on the list of districts being looked at by both public and private planners.Population: ~226,000 residentsYou can learn more about this area in our Por Sen Chey Location Profile.You can check out the property listings here if you’re interested!List of landed properties in Por Sen CheyList of condos/apartments in Por Sen CheyPrek PnovPrek Pnov (ខណ្ឌពោធិ៍សែនជ័យ) is an outer district located in the northwestern part of Phnom Penh and is the largest district in terms of land area. Prek Pnov is mainly flatlands inhabited by residents in shophouses, flathouses, and factories. Like other outskirt districts, this area will likely see residential developments first in the form of boreys and will be followed by small-to-medium commercial centres.Population: ~188,000 residentsYou can learn more about this area in our Prek Pnov Location Profile.You can check out the property listings here if you’re interested!List of landed properties in Prek PnovList of condos/apartments in Prek PnovRussey KeoRussey Keo (ខណ្ឌឫស្សីកែវ) is a district to the north of Phnom Penh. This district has some very large boreys and mixed-use developments transforming the district into an urban hub of its own and mainly populated by lower to middle-class Cambodians. The area is also known for its expatriate population made up of Chinese, Japanese, and Koreans. Russey Keo is made up of mostly local residential homes, villas and apartments but several businesses have their offices here and it is also home to large-scale breweries and manufacturing plants. Population: ~274,000 residentsYou can learn more about this area in our Russey Keo Location Profile.You can check out the property listings here if you’re interested!List of landed properties in Russey KeoList of condos/apartments in Russey KeoSen SokSen Sok (ខណ្ឌសែនសុខ) is a north eastern district of Phnom Penh. This district is one of the larger districts in Phnom Penh in terms of land size and as well as short-to-medium term growth. Its vast flatlands have made it one of the hottest development destinations in the past few years as made evident by boreys, condos, commercial centres, and shopping malls popping up in the area. The area shows no signs of slowing down in development as it still offers relatively low median sale prices, especially for Cambodians looking to own landed properties close to big name commercial areas. Some popular destinations in Sen Sok include: AEON Mall 2 (the largest mall in Cambodia as of 2021), the Premier Centre Sen Sok, and the Grand Phnom Penh Golf Club.Population: ~183,000 residentsYou can learn more about this area in our Sen Sok Location Profile.You can check out the property listings here if you’re interested!List of landed properties in Sen SokList of condos/apartments in Sen SokToul KorkToul Kork (ខណ្ឌទួលគោក) is a north-western district in Phnom Penh. Over the years, the district has become the second most popular residential area in Phnom Penh (after Chamkarmon). The area has seen a huge amount of development as of late and has attracted a mix of businesses, commercial, residential tenants, and home-owners. The area is well known for a large number of villas, office spaces, condominiums, and overall interest from developers. Some popular landmarks in the area include: TK Avenue (shopping centre), and the TK Roundabout.Population: ~145,000You can learn more about this area in our Toul Kork Location Profile.You can check out the property listings here if you’re interested!List of landed properties in Toul KorkList of condos/apartments in Toul KorkArticle by:
What makes a luxury property in Phnom Penh?
What makes a luxury property in Phnom Penh?
June 6, 2022, 5:06 p.m.
Realestate News
Home & Living
From the humble shophouses to towering luxury penthouses, Phnom Penh’s residential choices have undoubtedly grown in only a short span of time. Its luxury choices, in particular, have been the highlight of the city’s transformation and put it on the radar of property investors from both within and outside of Cambodia.The word “luxury”, however, has been a buzzword many developers have used to describe their properties to paint a grand picture of the lifestyle you can have. But let’s be honest, only a few can really own up to being a true luxury home.Realestate.com.kh wants to clear the air with its take on what makes the baseline for luxury properties and will give you properties worth considering if you’re in the market for one or if you’re simply curious!What makes a luxury property in Phnom Penh?What makes a luxury property in Phnom Penh doesn’t differ much from what you’d normally consider in buying any home. Generally speaking, these are Location, Quality of Interiors, Available Amenities, and Price.LocationA property’s location influences a lot about it, including other considerations in this list. A property’s location plays its biggest role in determining your daily life/routine, such as where you go and how much time it takes for you to get to where you want to go. Its immense role in your daily life makes it one of the foremost considerations in any property purchase/rental decision.But there’s more to location than just providing convenience. For buyers looking to invest, a great location is somewhere with lackluster surroundings but holds great promise in the near future. After all, when it comes to real estate, the real returns are not just made by selling high, but by buying low.Quality of InteriorsThe quality of interiors directly influences the level of comfort you experience at home. This is where luxury developments often splurge by providing branded appliances and fixtures such as heaters, air conditioners, lighting, mattress(es), and bathroom essentials. How these are delivered is often indicative of the amount of thought the developer put into making their luxury vision into reality.Available AmenitiesAmenities complement the comfort you experience from your residential unit. Fortunately, most luxury properties in Phnom Penh often have a swimming pool, a garden, sauna & spa, rooftop activity areas, fitness facilities, and even in-house commercial areas. It’s sometimes so extensive that the number of things you can do in your building somewhat reduces the need for you to go out!PricePhnom Penh’s luxury property market is rife with choices ranging from expensive to extraordinarily pricey and this last and final factor neatly ties up all the aforementioned considerations into a quantifiable number, because setting prices set expectations.The price per square metre for luxury developments (centrally located) ranges from $2,500 and only goes up from there. Of course, this is not saying that the higher it’s priced, the better the property is overall. But price tags often dictate the kind of market a project is targeting and the level of luxury you can expect from a premium development.The luxury properties of Phnom PenhThere’s plenty of luxury properties in Phnom Penh and this shortlist is showcasing the developments exemplifying what’s been discussed above.Sky VillaSky Villa is arguably the most expensive luxury development in Phnom Penh. While there are other developments within the 1-million USD price range, Sky Villa takes top place as it’s the biggest of the million-dollar apartments to come to the city.Its residential units span more than 500sqm and are styled after the luxury landed villas most rich Cambodians live in, including ornate furniture, generous spaces, and premium amenities like exclusive bars, restaurants, pools, and concierge services. Other luxury landed villas don’t have a sky bar and spa & sauna, nor are they in the middle of the city like Sky Villa.Its central location in 7 Makara puts it in an advantageous central position with easy access to major road arteries that cross Phnom Penh. The closest major shopping destination to it is the Olympia Mall, which is a 4-minute drive away or a 10-minute walk from Sky Villa. If you’re into the more humble side of the city, dozens of shophouses and cafes litter 7 Makara. It’s hard to run out of places to explore in this area.Sky Villa certainly packs plenty of must-haves and even nice-to-haves for a luxury property in Phnom Penh. If you’re interested in finding out more, you can find the Sky Villa property listing here.The Peninsula Private ResidencesA project’s location, for most buyers, means easy access to conveniences. But to the long-term investor, it means something quite contrary but highly profitable!The Peninsula Private Residences in Chroy Changvar district is an ideal example of investing in an area that holds much promise in Phnom Penh’s future. The district is earmarked for major residential projects which have attracted many of the city’s elite political and business circles. Its promise is tied with its suburban appeal as its peninsular geography gives its residents a natural atmosphere that’s become a hook for many of Phnom Penh’s city dwellers.Given its popularity, it’s no stretch that the project has become the landmark development in Chroy Changvar. The Peninsula Private Residences garnered many awards such as the Best Architectural Design 2019 and Best Interior Design 2019. Its awards show as the project’s interiors are built with carefully designed aesthetics that complement the area’s natural atmosphere; providing a premium experience of Chroy Changvar’s environment if you will.The Peninsula Private Residences emphasize the everyday living experience and pull out all the stops to make it as pleasant as it can be. Its quality amenities include the basics with additional features of a private kitchen and patio, co-working space, and even a social club room with a home theater system.If you’re interested in learning more about this luxury development, you can check the Peninsula Private Residences property listing here.The Peak ResidenceWhen it comes to living in a premier condominium close to a shopping area, The Peak Residence certainly peaks the list of projects in Phnom Penh. The Peak Residence is a premium mixed-use development in the highly commercial area of Tonle Bassac in Chamkarmon. It’s one of the first retail podiums with 3 towers in Phnom Penh, making it the premier project offering a commercial experience truly integrated with a luxury condominium.Residents will additionally get to enjoy various commercial shopping choices to more residential comforts like swimming pools, jacuzzis, lush gardens, and premium restaurants right at their fingertips; there’s plenty to discover at this premier development.But if a commercial center integrated with a residential tower is too tame, how about a premium hotel chain on its premises? The world-renowned Shangri-La Hotel will be occupying and housing high-class visitors in one of the Peak’s towers. In fact, the entry of the international Shangri-La hotel brand is expected to attract a new demographic of tourists to boost the Kingdom’s burgeoning tourism sector.If you’re interested in learning more, you can check out the Peak Residence property listing here.Skyline ApartmentThe Skyline Apartments is a high-class rental apartment in Tonle Bassac, Chamkarmon. Conceived by The Room Design Studio, its design immediately catches the attention of passers-by even in the flurry of residential choices within Tonle Bassac. Its designers were inspired by both Cambodia’s rich architectural heritage and the influence of its colonial past to create an iconic residential building in Phnom Penh’s most central area.Skyline Apartment’s premium status is derived from the luxury of feeling at home in Phnom Penh. This is particularly sought after by expatriates as feeling at home in a foreign country can do wonders for one’s mental health, especially during stressful workdays! The Skyline Apartment creates this atmosphere by providing residents with spacious living spaces complemented by an array of amenities that fit the theme of being at home. While it's not as luxurious as previous projects mentioned above, the Skyline Apartment does edge them out in delivering a serene living experience.A lot of rest and a lot quiet are things commonly associated with suburban/provincial properties. Fortunately, the Skyline Apartments is just 100m away from the Preah Sihanouk boulevard, and a few minutes walk away from the many restaurants, cafes, and entertainment destinations found in and around Tonle Bassac.If you’re interested in finding out more, you can visit the Skyline Apartment property listing here.Article by:
What can be considered a Green Building?
What can be considered a Green Building?
June 6, 2022, 5:06 p.m.
Realestate News
Home & Living
Greening the building sector is one of the priorities to ensure sustainable development in Cambodia. But do we really understand what is sustainability? In 1987, the United Nation’s Brundtland Commission defined sustainability as “meeting the needs of the present without compromising the ability of future generations to meet their own needs.”From the time of humanity’s resource-intensive lifestyle and the Industrial Revolution, the number of greenhouse gases and carbon dioxide emitted into the atmosphere has increased significantly. As a result, global warming and air pollution are occurring. With the Paris Agreement in 2015, the international community agreed to limit global warming to 1.5 to 2 degrees Celsius until 2050. Buildings are responsible for about one-third of global greenhouse gas emissions.Green building (sometimes called a Sustainable Building) are eco-friendly, have no adverse effects on physical health, and are adapted to the local climate and environment. Green design starts from the planning of the building to the design, construction, and operation process. In other words, it covers lifetime cycle of the building, from the planning of construction to the end of commissioning.It is estimated that the construction sector accounts for 10% of world GDP, 23% of greenhouse gas emissions, and 40% of material flows. Therefore, green building is not only a major step towards reducing greenhouse gas emissions, but also a revolution in the architectural industry and the environment. Green buildings are economically feasible, eco-friendly, and energy-efficient. They have a long service life, and most importantly, provide us with a comfortable living and working environment.Green buildings have the following features:Energy efficientWater-efficientUses renewable energyReduce waste generation and promote recyclingGood indoor air qualityNon-toxic and green construction materialsEconomically and environmentally friendly starting from the planning phase to the operation phaseAdequate parkingPromote a healthy lifestyleProvide a comfortable indoor and outdoor environmentSome of the main elements that make up a green building that incorporates the features mentioned above are the building materials, energy, water, and health requirements which are further explained below. Construction materials: The building materials to be used in the green building should be non-toxic, and natural or recycled material. Green buildings should use local materials to reduce transportation costs and transport-related greenhouse gas emissions. Energy use: The building design of green projects is optimized to reduce energy use inside the building. In hot and humid climates like Cambodia, small to medium size windows areas is recommended to reduce the solar heat gains and, thus, the cooling demand. Shading devices and high-performance windows can further protect from the sun.The New Khmer Architecture style developed in the 1950s by Vann Molyvann shows how architectural design can provide comfortable indoor spaces with little need for air-conditioning. Solar panels on the rooftop or the façade of a green building can provide green electricity to the building. Energy management and energy monitoring will ensure that the green building has low energy bills in the long run. Water consumption of green buildings: Water consumption in green buildings should be minimized by using water-saving faucets, automated taps, reuse of gray water, and the collection and reuse of rainwater. Health: The building must meet the requirements for the use of non-toxic materials, good indoor air quality which helps to prevent allergies and bacterial and virus infections such as COVID-19. Air quality monitoring installed inside the buildings will ensure that mechanical ventilation and cooling system are operating efficiently.Nowadays, there are specialized organizations and individuals who provide advice on green building planning and operation. Green building professionals understand synergies among professions, building systems, the environment, opportunities for economic development, and occupant wellbeing. They support building developers, architects, building planners, and engineers to optimize the building project with the goal to make it a profitable investment with the highest quality.*This article is written by Susanne Bodach, Managing Director of BEE Incorporations Cambodia
Cambodia condo outlook 2020 and beyond
Cambodia condo outlook 2020 and beyond
June 7, 2022, 2:21 a.m.
Realestate News
Location Profiles
(Cambodia's fast economic rise has put the country in the spotlight of real estate investors from around the world. Realestate.com.kh)[Article originally published in March 2020]The rise of condominiums in Cambodia, particularly in Phnom Penh, has certainly piqued the interest of local buyers, foreign buyers, and even the international media over the past half-decade. But as the Kingdom enters a new decade, you might be wondering, are condos still trending in Cambodia?The short answer is: Yes, they still are.But are they worth the investment? This report will look at price trends and upcoming supplies of condominiums across the Kingdom of Cambodia to help you decide.A look into Cambodia’s condominium sector 2020 and beyondRealestate.com.kh tracked over 100 projects across the country and examined the trend of condominium developments up until 2023. As a guide to potential investors (such as yourself), this brief report will breakdown the trend of the projects tracked across the 3 major population centres namely: Phnom Penh, Sihanoukville, and Siem Reap.The trend of condominium development in each city will be further broken down into popular questions such as:What’s the right price to buy a condominium?What affordable price can I pay for a condominium?How much can I spend if I want a top-class condominium?How many more projects and units are coming?How much can I expect to earn if I invest in a condo today?Will condominium prices increase next year?Phnom Penh(Phnom Penh is at the epicenter of the massive real estate development in the Kingdom. Realestate.com.kh)According to Realestate.com.kh’s Consumer Sentiment Survey 2019, 76% of property buyers within Cambodia are looking to purchase property in Phnom Penh. This isn’t too surprising as the city hosts the Kingdom’s seat of government and serves as the home to over 2 million Cambodians and a healthy expatriate population - making the capital not only the political centre, but at the same time, the primary economic hub of the country. This makes it the ideal place for buyers and investors looking for the widest selection of condominiums in Cambodia.What’s the right price for a condominium in Phnom Penh?In our 2019 Consumer Sentiment Survey also notes that most respondents earning $1,000 (and above) per month expressed they would be willing to spend anywhere from $75,000 to $150,000 on a residential property. The condominium sector seems to reflect this preference as:The average sale price of condo units in Phnom Penh is ~$119,000 across the range of units for sale (1-bedroom, 2-bedroom, and studio units). To be more specific, 1-bedroom condominium units cost an average of ~$110,000 and the average cost of their 2-bedroom counterparts is ~$160,000. While buyers looking for 3-bedrooms will have to fork out an average of ~$290,000. Studio units are also available in Phnom Penh at an average price of $80,000.What’s an affordable price for a condominium in Phnom Penh?For the sake of discussion, we will define affordable as the lowest price you can pay. Realestate.com.kh’s data indicates that condominiums can go as low as $47,000 for a studio type. If you’re looking for a 1-bedroom unit, there are options as low as $65,000. If you’re looking for something bigger like a 2-bedroom unit, you can expect to pay as low as $75,000. The most affordable among 3-bedroom units can be purchased for $145,000.You can start looking at The Hexa and Parc 21 Residences for the most affordable condominiums in early 2020.How much can I spend if I want a top-class condominium in Phnom Penh?Do you want the best regardless of price? Phnom Penh has luxury offerings with generous living spaces comparable to landed villas. Realestate.com.kh’s data shows that luxury condominiums can go up to ~$240,000 for a 1-bedroom unit in Phnom Penh while a 2-bedroom can cost up to ~$390,000. While the best of the best 3-bedrooms can be purchased for $600,000. Studio units are also available in the luxury range costing around ~$135,000.If you’re interested in the best and most luxurious residences Phnom Penh has to offer, you can check out R&F City, Prince Huan Yu Center, and Huangshan International.How many more condominium units are coming to Phnom Penh?Projects launches, completions, and suspensions happen at different times throughout the year. As such, this part of the report assumes that the projects tracked will meet their announced completion dates.(An illustration of a condominium unit in The Hexa, a new development in Russey Keo district. Realestate.com.kh)According to Realestate.com.kh data, almost 22,000 units spread across 30 projects will be added to the current stock of Phnom Penh’s condominium units by the end of 2020. A further 15,000 units, spread across 14 announced projects, will be added in the following year 2021. Another 11,000 units, spread across 11 announced projects, will be added in 2022. And in 2023, we project another 6,000 units across 8 projects that will be added to Phnom Penh’s condominium stock.NOTE: New project launches in the latter part of 2020 (not tracked in this report) may announce completion in the immediate future. The descending trend of additional units above is by no means an indicator of receding development.How much can I expect to earn if I buy a condominium today?There is a mechanism in real estate today called Guaranteed Rental Returns (GRR). GRR is defined as rental income guaranteed by the property developer/management to the property purchaser over a specified amount of time.In Phnom Penh, property developers usually offer 6% to 9% returns over a period of years usually ranging from 2 to 5 years. Simply put, this is the amount of money paid by the developer to the investor depending on agreed-upon intervals. Developers offering GRRs often have mechanisms to find tenants for the property, hence, the investor does not have to worry about renters.But don’t let numbers do all the talking as shady developers may use GRRs as a means of attracting customers without any intention of following through. GRRs should also not be the primary factor whenever you’re considering buying a rental property as a form of investment. We strongly suggest having a written and notarized contract that includes the agreed-upon rental returns over the specified period of time.Will condominium prices in Phnom Penh increase next year?Developers of tracked projects have indicated an increase in prices ranging from 5% to 30% per year. Most developers, however, shared that unit prices would increase by 7% to 8% next year. Buying today might be the best choice if you’re already set on buying a condominium in Phnom Penh.If you’re not in a rush to move in or if you can wait a year, we suggest buying off-plan condominium property from a reputable developer. Buying off-plan has its benefits, the strongest of which being: lower cost and the opportunity to make small adjustments to your unit.Sihanoukville(Sihanoukville's cityscape has considerably grown with hotels, office buildings, and condominiums. Realestate.com.kh)The port city of Sihanoukville has seen massive foreign investment in the past couple of years, especially from Chinese investors. Massive constructions such as condominiums, hotels, and offices sprung up as a result of the new-found economic life. It was the quintessential example of a boomtown as the amount of construction strained the once-sleepy beach town’s existing infrastructure. The ban on online gaming back in August 2019 certainly resulted in the exodus of a lot of Chinese workers - which in turn negatively affected property and rental prices in Sihanoukville. But it’s important to note that not all Chinese expatriates who live in Sihanoukville went to work in online casinos and that the gambling ban only applies to online casinos and not to landed casinos. Some came to work in Chinese-owned properties such as casinos, resorts, and condominiums, many of which are seeing completion in 2021.What’s the right price for a condominium in Sihanoukville?For context, Sihanoukville saw a steep increase in real estate prices due to the influx of Chinese investors and workers. After the ban, prices began to fall and (as of Q1 2020) is seeing a slump due to the mass departure of Chinese nationals. If you’re looking to buy property near the beach, Sihanoukville might be worth considering now. Good thing beaches don’t fly away when the market slows down.The starting sale price of condo units in Sihanoukville is ~$72,000 across the range of units available. To be more specific, 1-bedroom condominium units cost an average of ~$75,000 while the average cost of their 2-bedroom counterparts is ~$165,000. More spacious 3-bedroom options are available at ~$300,000.What’s an affordable price for a condominium in Sihanoukville?Sihanoukville’s residential development was made to attract Chinese buyers who often have high-class tastes. This makes affordable and good-value condominiums plentiful in Sihanoukville today.A 1-bedroom unit in Sihanoukville can be bought for ~$55,000. Bigger units are also available such as 2-bedroom units which can cost as low as ~$90,000. Even bigger 3-bedroom units can be purchased from $240,000. Though keep in mind that some affordable options may be quite a distance from the much-coveted beaches of Sihanoukville.How much can I spend if I want a top-class condominium in Sihanoukville?While luxury properties in Phnom Penh offer big pools, luxury properties in Sihanoukville offer the sea.  A luxury 1-bedroom unit in Sihanoukville can cost ~$150,000. While a top-class 2-bedroom unit can cost ~$250,000. Big 3-bedroom units can be purchased for $500,000. As for amenities, there is virtually little difference from Phnom Penh’s developments and you get the added benefit of easy access to the beach.If you’re interested in high-end condominiums in Sihanoukville, you can start with Prince Golden Bay, Prince Tian Xi Wan, and Morgan the Pure Bay.(The Prince Golden Bay is one of the most anticipated beach-side projects in Sihanoukville. Realestate.com.kh)How many more condominium units are coming to Sihanoukville?Sihanoukville will welcome several thousand units in the next few years. In 2020, we could see an additional 5,000 units entering the city’s condominium stock. In 2021, Sihanoukville will usher in over 27,000 new residential units. This is a figure almost twice the size of projected additional units to become available in the capital Phnom Penh. And in 2022, another 4,000 units will be added to Sihanoukville’s condominium stock.How much can I expect to earn if I buy a condominium today?Tracked projects in Sihanoukville offer Guaranteed Rental Returns (GRR) ranging from 7% up to 24% for a period of time ranging from 2 to 8 years. Though we would advise thinking twice about buying property solely based on the double-digit GRR offered by the developer, especially in Sihanoukville as these calculations were likely made before the August 2019 ban on online gaming.Will condominium prices in Sihanoukville increase next year?Developers of tracked projects have indicated price increases ranging from 5% to 8% per year. Some developers initially planned these increases with the influx of Chinese workers in mind. But with the departure of most Chinese expats, and lack of Chinese tourists due to the Covid-19 lockdown, these price increases may meet challenges - something you may use to your advantage as a buyer.If you’re sold on the idea of owning property in Sihanoukville, buying off-plan may be the best option as they tend to cost less and you gain the opportunity to make adjustments to your unit.Siem Reap(Siem Reap's condominium market pales in comparison to Phnom Penh and Sihanoukville but there are a handful of opportunities. Realestate.com.kh)With more than 1 million tourists per year, Siem Reap is unequivocally the Kingdom of Cambodia’s cultural tourism center. But not often talked about is how Siem Reap is the 2nd biggest population centre with over 1 million residents, according to the General Population Census 2019. This figure does not account for the many expatriate communities living and working in the province.Siem Reap does not have the same kind of condominium development Phnom Penh and Sihanoukville have. This is primarily due to Siem Reap’s primary industries relying on tourist traffic; creating a marketplace where hotels and boutique guesthouses thrive while shophouses, villas, and boreys dominate the residential market.What’s the right price for a condominium in Siem Reap?There are still, however, a handful of on-going projects in Siem Reap. Unit prices in the city range from $68,000 to $157,000 according to the projects tracked. Some of these developments are noticeably more spacious than condominiums in Phnom Penh.What’s an affordable price for a condominium in Siem Reap?The lowest price among projects tracked costs $68,000 for a 1-bedroom unit. Bigger spaces are also available with 2-bedroom units costing as low as $105,000. The Siem Reap projects tracked also offer 3-bedroom units costing as low as $145,000.How much can I spend if I want a top-class condominium in Siem Reap?Top-class condominiums in Siem Reap can go up to ~$150,000 per unit. The most expensive among 1-bedroom units cost $75,000. If you fancy a luxury 2-bedroom, it will cost around $110,000. And if you want something luxuriously big, a 3-bedroom in Siem Reap costs up to $160,000.How many more condominium units are coming to Siem Reap?According to projects tracked, Siem Reap’s future condominium stock will be limited in the immediate future with only less than 1,000 units to be introduced by 2021.(A one-bedroom condominium in Sky Park, one of the few condominium projects in Siem Reap. Realestate.com.kh)How much can I expect to earn if I buy a condominium today?Investment returns on condominiums largely depend on the market of potential tenants. Since Siem Reap’s economy largely revolves around tourists who usually do not stay long-term, there are not a lot of condominium developments as the abundant number of boutique hotels offer much more attractive rental rates.In January 2020, the Chinese government has banned its citizens from leaving the country to curb the spread of Covid-19. This has caused tourist numbers to Cambodia to drop significantly as more than a third of its annual tourists come from China. Initial government reports indicate that January 2020 arrivals are down by 60% and February 2020 arrivals are down by 90% - compared to 2019 figures.With the dominance of hotels, boutique guesthouses, and the fears of a viral outbreak, investment prospects in condominiums in Siem Reap may face difficulties in the first half of 2020.Will condominium prices in Siem Reap increase next year?暹粒的跟踪项目未指定价格上涨。但是,与任何房地产一样,我们可以预期价格会上涨。中国政府对公民实施的旅行禁令(早在2020年1月)可能对暹粒的公寓市场构成间接威胁。尽管游客通常不出租公寓,但他们的缺席给暹粒的当地经济带来了沉重压力-使其对希望在该市最大的创收行业中生活和工作的投资者/专业人士的吸引力大大降低。随时了解柬埔寨的房地产行业,并实时获取有关房地产新闻的实时更新。立即下载Realestate.com.kh应用程序!文章作者:
Popular investment opportunities in Cambodia for foreign buyers
Popular investment opportunities in Cambodia for foreign buyers
June 6, 2022, 5:07 p.m.
Realestate News
Property Buyers & Sellers Advice
Favourable foreign ownership laws, a U.S Dollar based economy, rental returns of up to 10% per year, and high yields are just a few reasons why Cambodia is a great investment destination. To help you make an informed decision for your investment in Cambodia, we highlight some of the common types of opportunities that are available in the Cambodian market.Condominiums and ApartmentsThis is the most common type of investment for foreigners in Cambodia, and in many ways, the easiest to understand. Most developers targeting international buyers will structure projects with some sort of rental return scheme or GRR, generally around 5%+ per year for up to three years. Although not all developers will offer a GRR scheme and may opt for offering buyers a small discount on the purchase price, especially if they are targeting buyers that intend to live in the property. A common question you will be asked by developers is: Are you buying for living or investment?*Guaranteed Rental Return (GRR) or Rental Return Scheme (in some counties) is the amount of money often communicated in a percent based on the purchase price of the property that the developer guarantees you as the buyer in return, over a certain period of time. If you are purchasing a property with GRR make sure it is mentioned in your sales and purchase agreement.Learn more about Guaranteed Rental Returns hereStrata titled office space and commercial unitsSimilar to the high demand for more housing in Cambodia, there are also 100's of new businesses and multinationals entering the market. In line with this, developers have identified this as an opportunity to differentiate themselves from their competitors and offer strata-titled office or commercial units for sale. Sometimes this can be integrated into a development that will also include apartments for sale, or it can also be a stand-alone office development project.Serviced Residence, Hotel and Resort-style investmentsAn increasingly common investment type or opportunity that we are seeing in Cambodia is investing in a serviced residence or hotel. This can be highly attractive to many investors that are looking for high and often guaranteed rental returns. It is also not uncommon for these types of investments to have a Guaranteed Buy Back option built into the purchase.A guaranteed buyback is a contract between the developer of a new project and anyone who buys a unit within that development stating that the developer will buy back the unit from the owner after a fixed period of time.Colonial apartmentsCambodia is littered with 100's of old French colonial buildings, and a common trend for foreigners living in Cambodia is to buy an older apartment, with the vision of renovating the property before selling it at a higher price. This is very common in many markets around the world. Whilst there are some great financial gains to be made in this type of investment, we would advise anyone living outside of Cambodia to focus on other investment opportunities in the property market, that come with a long-term lease, hard or strata title.Realestate.com.kh is home to over 30,000 (and growing!) property listings all over Cambodia. Our property advisors are on standby to help you in your real estate search!Need help finding the right property? Let us know!Article by:
How to get Cambodian citizenship by donation
How to get Cambodian citizenship by donation
June 6, 2022, 5:07 p.m.
Realestate News
Property Buyers & Sellers Advice
Want to live, start a business, and buy land in Cambodia?The Cambodia residency by donation laws allows you to do just that. Cambodian residency (citizenship) by donation is one of the legal pathways to achieve citizenship in the Kingdom; the others are: citizenship by naturalisation, citizenship by investment, citizenship by marriage, and citizenship by birth and descent.To become a citizen through providing a donation can take anywhere between 3-6 months and there are a number of requirements including:Applicant must be 18 years of age or olderApplicant must have a current and valid passportApplicant must have a current valid visa for entry into CambodiaApplicant must be of sound mindApplicant must be in good healthThe applicant must have a qualifying investment in Cambodia of at least 1.25 billion Riel (USD $311,000).Similar to a citizen by investment, the citizen by donation's only difference is that the applicant donates the money to the Cambodian government’s national budget, and that donation will be used for the betterment of Cambodia & its people. The non-refundable amount of 1 billion riels (about US$250,000) must be donated to be eligible.Cambodian Citizenship BenefitsAs a Cambodian citizen, you can take advantage of the local benefits that are not legally available to other foreigners.You are entitled to own land & property in your own name.You are able to live in Cambodia with no visa requirements and enter or leave the country as and when you like.You are eligible to apply for government concessions and licenses that are only available to Cambodian nationals.Travel to other ASEAN countries with ease.You can learn more about the types of land titles and property ownership in Cambodia for citizens and foreigners.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: