Looking to invest in the abundant real estate market in Phnom Penh but not sure whether to purchase a villa or a condominium? “Villas are the better choice”, advises Ms. Tang Hour, President of Amatak Property Services, “Investors will make more money in the short-term depending on the location.” Chee Yeong Yap, Project Director of Grand Phnom Penh International City agrees, “Ownership of landed property is better than condos, especially in underdeveloped countries like Cambodia.”  Tang suggests Boeng Keng Kang 1 (BKK 1) as the top location with those located around Monivong or Norodom Boulevard as the next best choices. BKK 2 and BKK3 as well as Toul Tom Poung and Toul Kork are also lucrative options. [caption id="attachment_80518" align="alignleft" width="225"] Chee Yeong Yap, Project Director of Grand Phnom Penh International City[/caption]ALL VILLAS FOR SALE IN PHNOM PENH“You can make up to USD 1,000 extra per square metre after just six months to one year of selling a villa in BKK 1,” she says, adding that villas are far easier to resell than a condominium. It is important to note that when purchasing a villa in Cambodia, the average deposit amount required is between 20-30 percent of the total price. Then the outstanding balance is expected to be paid in one lump sum. Whereas when purchasing a condo, an initial deposit of between USD 1-3,000 is required up front, then 5-10 percent of the total price is paid each month as a mortgage repayment. Tang advises against investing in a villa within a Borey as this does not make as much money as a stand-alone location. “Buy landed property that has a hard title and proper development planning,” says Chee, “Make sure there is a longer term plan such as Township development as opposed to a Borey Development. Ensure that plans meet the government’s minimum requirements.” For those set on buying a condo, Tang says your best bet is to purchase more than one; aim to buy multiple units in order to get a better return in the longer-term, “Buying individual units won’t make money, it’s better to buy between 2-5 units if you can afford it”. [caption id="attachment_80918" align="alignright" width="200"] Tang Hour, president of Amatak Property Services[/caption] Chee advises to invest in a condominium located near international schools as this will be relatively safe in the longer term. Another good money-making option is to purchase land around riverside or BKK 1 and develop a condo complex. Tang says this will give you a decent return over time but to bear in mind the management costs involved. “Not many local buyers are willing to pay the monthly maintenance fees as these can be expensive,” says Chee.INVEST IN CONDOS IN CAMBODIAHe adds, “Many condos in the city do not provide sufficient car parking for owners not to mention parking for their visitors. Long term this is a nightmare for residents particularly around high density condo developments.” Keep in mind that legislation passed at the beginning of April 2010 allows foreigners to own property in Cambodian buildings above the ground floor. This works well for apartments in condominiums, but does not apply to villas. Learn more about Cambodian land titles here.Enjoyed this article? Learn more on Realestate.com.kh today. Here is a great guide to buying property off plan - that means, buying before the house is completed. It's a great way to secure a modern home at a great price...

信达集团是柬埔寨第一家也是最大的日本开发商，并于2015年在Bodaiju Residences广受欢迎的Bodaiju Residences之后爆炸成了物业发展现场。 成功日期：在日本，新加坡，马来西亚和多个其他市场的成功记录对于Bodaiju Residences在柬埔寨的销售成功至关重要，自从发布以来，已经售出了A和B类建筑的90％。只有有限的时间才能利用“早期的鸟”优惠，Bodaiju将举办一系列活动，为行业和投资者传达投资世界领先的公寓项目的好处。The Creed Group have drawn on their extensive experience, research and deep understanding of the local and international real estate markets, and identified an opportunity for landed property projects in Cambodia - constructed to Japanese standards, whilst taking into consideration local Cambodian culture and market preferences. Great success with local investors with the Bodaiju Residences project were encouraging signs that the Creed Group construction standards appealed not only to an international market but the local Cambodian market as well.Introducing: Borey Maha Sen SokBorey Maha Sen Sok再次方便地靠近世界标准的国际学校，即将建成的百盛购物中心和金边国际机场 - 为所有关键设施提供潜在的投资者和居民世界级的生活水准。Borey Maha Sen Sok将由两个地产类型组成; “Satsuki”是一间2间卧室，3间浴室从低至47,500美元起。而第二种物业类型“Botan”是一间4间卧室，5间浴室连接房屋横跨地面，夹层楼和1层楼。在Realestate.com.kh上查看完整的列表[caption id =“attachment_80842”align =“aligncenter”width =“300”] 'Satsuki'是一个2间卧室，3个浴室属性从低至$ 47.500起[/ caption] [caption id =“attachment_80843”align = “对准中心”width =“300”] '植物'是一个4间卧室，5间浴室连接房屋横向地面，夹层楼和1楼。[/ caption]见下面的日期，在您的日历中标记，以便有机会发现Bodaiju公寓状语从句：北风之神玛哈森索为柬埔寨寻求追求者状语从句：精明投资者提供的独特机会。

Creed Group is the first and largest Japanese developer in Cambodia, and exploded onto the property development scene with the highly sort after, ever popular Bodaiju Residences in 2015. Creed Group is now offering all agents the exclusive opportunity to sell Bodaiju units to their clients, be sure to join them at their showroom this Saturday...Success to Date:A proven track record in Japan, Singapore, Malaysia and multiple other markets has been key to the success of Bodaiju Residences sales in Cambodia, already having sold 90 percent of both buildings A and B since launching.With only a limited time left to take advantage of the ‘early bird’ discounts, Bodaiju will be hosting a range of events for the industry and investors to communicate the benefits of investing in a world leading condominium project.The Creed Group have drawn on their extensive experience, research and deep understanding of the local and international real estate markets, and identified an opportunity for landed property projects in Cambodia – constructed to Japanese standards, whilst taking into consideration local Cambodian culture and market preferences. Great success with local investors with the Bodaiju Residences project were encouraging signs that the Creed Group construction standards appealed not only to an international market but the local Cambodian market as well.Now, the Creed Group would like to engage referral agencies and co-broke agents to help support the continuing sales of the Bodaiju project. Accordingly, all agents are invited to a CO-BROKE NETWORKING EVENT, on the 20th of this month:What Is It? Co-broke Networking. What's the Point? Product presentation about Bodaiju to all agents with co-broke sales opportunities. Where is it? Bodaiju Residences showroom, Russian Boulevard (free gift and finger food provided). When? 20th February, 2016. What Time? 3pm to 5pm.

Phnom Penh: The Ministry of Land Management Urban Planning and Construction recently came to an agreement with Oknha Khov Sambath, a representative of Thai Boon Roong Group, in cooperation with a Chinese Construction company, to approve plans for a 133 storey twin tower project.The project shall equal around 500 square meters of new property for the high rise market in Phnom Penh, and will be located in Sangkat Chaktomuk, Khan Duan Penh, Phnom Penh. The high-rise will be named the “Thai Boon Roong Twin Trade Center” and is set to be developed on 5 hectares of land in Duan Penh. It is slated to become the tallest building in Asia, located next to the Dreamland amusement park, and in front Naga World.INQUIRE ABOUT THIS EXCITING PROPERTY TODAY!Mr. Loth Seng, representative of the Ministry of Land Management Urban Planning and Construction, announced the 133 storey Thai Boon Roong Twin Trade Center project is totally approved for construction and already passed on to the City Hall for their final seal. The twin tower project is the subject of around $1000 million investment. Loth Seng added that this huge development indicates confidence in economic stability and real-estate investment in Cambodia. This new development will continue to attract new investors into the Kingdom in the future.  The construction proposal is currently awaiting City Hall approval and it will be sent back to the Ministry of Land Management Urban Planning and Construction to make final announcements of the construction date shortly. The Thai Boon Roong Twin Trade Center project is said to begin in 2016 - and be completed in the next 3 years.

តើ​លោកអ្នក​កំពុង​តែចង់ដឹងបន្ថែមពី​ការ​វិនិយោគ​លើ​អចលនទ្រព្យ ប៉ុន្តែ​មិន​ប្រាកដ​ថា​ត្រូវ​ចាប់​ផ្តើម​ពី​កន្លែង​ណា? អ្នក​អាច​នឹង​ជួប​ពាក្យ​ដូចជា​ “អចលន​ទ្រព្យ​ក្រៅ​គម្រោង ឬ​ការ​អភិវឌ្ឍ​ថ្មី” ​ដោយ​មិន​យល់​ពី​អត្ថន័យ​នៅ​ពី​ក្រោយ​វា​ទេ។ នៅក្នុងអត្ថបទនេះ Realestate.com.kh នឹងនាំអ្នកឈ្វែងយល់ចំណុចដែលអ្នកត្រូវដឹងអំពីការវិនិយោគអចលនទ្រព្យក្រៅគម្រោង គុណសម្បត្តិ ហានិភ័យ និងកន្លែងដែលត្រូវស្វែងរកគម្រោងដែលអាចទុកចិត្តបាននៅឆ្នាំ 2025។តើ «គម្រោងការទិញទុកមុន» មានន័យដូចម្តេច?នេះគឺជាការសម្តែងនូវចំណាប់អារម្មណ៍សម្រាប់ការជាវអចលនទ្រព្យនៅខណៈពេលមួយដែលអ្វីៗលោកអ្នកអាចមើលឃើញបានគឺដីមួយកន្លែង និងគម្រោងគេហដ្ឋានមួយប៉ុណ្ណោះ។ លោក-អ្នកចុះកិច្ចសន្យា ឬកុងត្រាមួយដែលចង្អុលបង្ហាញនូវតម្លៃទិញច្បាស់លាស់មួយសម្រាប់ដី និងគេហដ្ឋានដើម្បីនឹងត្រូវបានសាងសង់តាមរយៈគម្រោងស្ថាបត្យកម្មជាក់លាក់មួយ។ហេតុអ្វីត្រូវមានគម្រោងការទិញទុកមុន?ការចូលទៅក្នុងដំណាក់កាលគ្រោងទុកនៃការវិនិយោគមួយអាចផ្តល់ឲ្យអតិថិជនទាំងឡាយនូវឱកាសក្នុងការទទួលយកនូវជម្រើសចំណែកដី ឬយូនីតដ៏ល្អបំផុតនៅក្នុងអនាគតនៃអគារណាមួយ។បន្ថែមពីលើនេះគម្រោងការទិញទុកមុនអាចផ្តល់បាននូវជម្រើសការបញ្ជាទិញកម្រិតខ្ពស់មួយដោយរាប់បញ្ចូលនូវការផ្លាស់ប្តូរគម្រោងជាន់នៃអគារការរួមបញ្ចូលគ្នានូវយូនីតជាប់គ្នាចំនួនពីរទៅជាយូនីតមួយមានផ្ទៃក្រឡាធំជាងមុន និងការសម្រេចចិត្តជាលម្អិតបន្ថែមទៀតដូចជាការបំពាក់ប្រភេទគ្រឿងសម្ភារប្រើប្រាស់ជាច្រើន។ ទោះជាយ៉ាងណាអតិថិជនក៏មានការត្អូញត្អែរហើយតែងប្រាថ្នាចង់បាននូវលទ្ធភាពក្នុងការគ្រប់គ្រងភាពលម្អិតនៃសំណង់គឺតែងតែមានការសប្បាយចិត្តបំផុតជាមួយនឹងការជាវមួយដែលបានបង្កើតឡើងនៅក្នុងដំណាក់កាលមួយនេះ។ វាអនុញ្ញាតឲ្យពួកគេទទួលបានពិតប្រាកដនូវអ្វីដែលពួកគេចង់បាន។អតិថិជនក្រៅគម្រោងទាំងឡាយក៏ប្រហែលជាទទួលបាននូវការបញ្ចុះតម្លៃជាច្រើនទៅលើតម្លៃ ឬក៏ក្រឡេកឃើញដ៏ត្រឹមត្រូវនូវការកើនឡើងនៃធនធានបន្ថែមជាងកម្រិតមធ្យម។ វិនិយោគិន និងអ្នកស្ទាបស្ទង់ទាំងឡាយយល់ឃើញថាមូលហេតុទាំងពីរនេះហើយដែលជាភាពទាក់ទាញជាពិសេសគឺនៅពេលដែលអតិថិជនទទួលបានទាំងពីររួមគ្នា។ នៅទីក្រុងភ្នំពេញការជាវនៅក្នុងកំឡុងពេលដំបូងនៃការលក់អាចនាំឲ្យមានការកើនឡើងតម្លៃរហូតដល់ ៣០ ភាគរយនៅទីបំផុតហើយអត្រានេះវាអាចមានចំនួនច្រើនជាង ៦ ដងនៃការជាវក្រោយការដ្ឋានត្រូវបានចាប់ផ្តើមដែលជាធម្មតាគឺត្រឹមតែ ៥ ទៅ ១០ ភាគរយតែប៉ុណ្ណោះនោះ។បន្ថែមលើសពីនេះគម្រោងការទិញទុកមុនបែបនេះអនុញ្ញាតឲ្យអតិថិជនធ្វើការបែងចែកការបង់ប្រាក់ជាដំណាក់កាលៗ។ នៅពេលដែលជាវនូវផ្ទះវីឡាមួយការបង់ប្រាក់អាចនឹងមានរយៈពេលចន្លោះពី ១០ ទៅ ១៨ ខែ។ ជាមួយនឹងអគារខុនដូវាអាចមានរយៈពេលរហូតដល់ ២៤ ខែ។ជនបរទេសទាំងឡាយនឹងមានការលើកទឹកចិត្តបន្ថែមក្នុងការសម្រេចចិត្តទិញកាន់តែឆាប់តាមដែលអាចធ្វើទៅបាន។យោងតាមច្បាប់ស្តីពីម្ចាស់កម្មសិទ្ធិជាជនបរទេស (ឆ្នាំ ២០១០ )អនុញ្ញាតឲ្យជនបរទេសទាំងឡាយធ្វើការទិញនូវចំនួនកំណត់មួយនៃយូនីតទាំងឡាយនៃអគារខុនដូគឺរហូតដល់ ៧០ ភាគរយនៃយូនីតទាំងឡាយអាចនឹងត្រូវបានជាវដោយជនបរទេសដែលផ្តល់ឲ្យពួកគេនូវប័ណ្ណកម្មសិទ្ធិត្រឹមត្រូវ។អត្ថប្រយោជន៍នៃគម្រោងការទិញទុកមុនអត្ថប្រយោជន៍សំខាន់នៃអចលនៈទ្រព្យក្រៅគម្រោង គឺអ្នកទិញមានឱកាសកែប្រែអចលនទ្រព្យតាមចិត្តរបស់ពួកគេ។ នេះអាចរាប់បញ្ចូលទាំងការជ្រើសរើសការបញ្ចប់ គ្រឿងបរិក្ខារ និងឧបករណ៍ប្រើប្រាស់ និងការផ្លាស់ប្តូរប្លង់ និងការរចនានៃអចលនទ្រព្យ។ អត្ថប្រយោជន៍មួយទៀតនៃអចលនទ្រព្យក្រៅគម្រោងគឺថា អ្នកទិញអាចទទួលបានអត្ថប្រយោជន៍ពីការឡើងថ្លៃដើមទុនដែលមានសក្តានុពល។ នៅពេលដែលអចលនទ្រព្យកំពុងត្រូវបានសាងសង់ តម្លៃរបស់វាអាចនឹងកើនឡើង ដែលផ្តល់ឱ្យអ្នកទិញនូវឱកាសក្នុងការរកប្រាក់ចំណេញ ប្រសិនបើពួកគេជ្រើសរើសលក់មុនពេលបញ្ចប់។ នេះជាការពិតជាពិសេសនៅក្នុងតំបន់ដែលតម្លៃអចលនទ្រព្យកំពុងកើនឡើងយ៉ាងឆាប់រហ័ស ដូចជានៅក្នុងទីផ្សារដែលកំពុងរីកចម្រើន និងនៅក្នុងតំបន់ដែលមានតម្រូវការខ្ពស់សម្រាប់លំនៅដ្ឋានថ្មី។ហានិភ័យនៃគម្រោងការទិញទុកមុនទោះបីជាមានគុណសម្បត្តិជាច្រើនក៏ដោយ អចលនទ្រព្យដែលមិនមានគម្រោងនឹងមកជាមួយនឹងហានិភ័យមួយចំនួន។ ជាឧទាហរណ៍ វាតែងតែមានហានិភ័យដូចជាការអភិវឌ្ឍន៍អាចនឹងត្រូវពន្យារពេល ឬសូម្បីតែលុបចោលការសាងសង់ ដោយទុកឱ្យអ្នកទិញមិនអាចកាន់កាប់ ឬលក់បាន។ លើសពីនេះ អ្នកទិញអាចនឹងត្រូវបង់រំលោះពេញមួយដំណើរការសាងសង់ ដែលអាចជាបន្ទុកហិរញ្ញវត្ថុ ប្រសិនបើពួកគេមិនអាចធានាបាននូវហិរញ្ញវត្ថុ ឬប្រសិនបើកាលៈទេសៈរបស់ពួកគេផ្លាស់ប្តូរ។ វាជាការប្រសើរក្នុងការមានកិច្ចព្រមព្រៀងជាមុនជាមួយអ្នកអភិវឌ្ឍន៍ មុនពេលចុះហត្ថលេខាលើកិច្ចព្រមព្រៀងលក់ និងទិញរបស់អ្នក (SPA) ជាពិសេសដំបូន្មានផ្នែកច្បាប់។តើដំណើរការនេះមានលក្ខណៈដូចម្តេច?ដំណាក់កាលនៃការអភិវឌ្ឍដែលជាធម្មតាកិច្ចព្រមព្រៀងទាំងឡាយនៃគម្រោងការទិញទុកមុនអាចទទួលបាននូវការផ្តល់ជូនជាពិសេសដោយត្រូវបានហៅថាដំណាក់កាលមុនពេលសម្ពោធ។ ចំពោះអ្នកវិនិយោគក៏ស្ថិតនៅក្នុងដំណើរការបញ្ជាក់គម្រោងទទួលបានការអនុញ្ញាត និងធ្វើការប៉ាន់ប្រមាណនូវផលប៉ះពាល់បរិស្ថានផងដែរ។ យ៉ាងណាមិញទោះជានៅដំណាក់កាលដំបូងនេះក៏ដោយពូកគេត្រូវការថវិកាដើម្បីរុញច្រានគម្រោងឲ្យទៅមុខ។ដោយហេតុថា ការជាវនៅចំណុចនេះរួមបញ្ចូលនូវការរង់ចាំពេលវេលាវែងឆ្ងាយសម្រាប់អចលនទ្រព្យដើម្បីឲ្យមានការសម្រេច និងវាមានហានិភ័យច្រើនជាងដំណាក់កាលបន្ទាប់ៗហើយជាធម្មតាពួកគេផ្តល់ជាគ្រឿងលើកទឹកចិត្តជាច្រើនទៅកាន់អតិថិជនដំបូងៗទាំងឡាយ។ បន្ថែមពីលើការបញ្ចុះតម្លៃទាំងនេះពួកគេប្រហែលជាផ្តល់នូវការធានានៃការបង្វិលប្រាក់ជួលទាំងឡាយនូវជម្រើសហិរញ្ញវត្ថុឱកាសផ្សេងៗក្នុងការទទួលបញ្ជាទិញនូវយូនីតដំបូងៗ និងការលើកទឹកចិត្តផ្សេងៗទៀត។តាំងពីការផ្សព្វផ្សាយពីដំបូងៗរហូតមកដល់ពេលនេះតើលោក-អ្នកពេញចិត្តនូវអត្ថបទទាំងនេះមែនទេ? ខណៈពេលដែលការរំភើបនេះលេចជារូបរាងនៅក្នុងបរិយាកាសដែលមានលក្ខណៈប្រកួតប្រជែងមួយនេះដូចជាអ្វីដែលអ្នកមើលឃើញនៅក្នុងទីក្រុងភ្នំពេញនៅក្នុងការកើនឡើងនូវខុនដូ និងបុរីថ្មីៗនាពេលនេះវាកាន់តែមានលក្ខណៈងាយស្រួលក្នុងការធ្វើការសម្រេចចិត្តដោយមិនបានគិតទុកជាមុន។ នៅក្នុងគេហទំព័រ Realestate.com.kh យើងខ្ញុំតែងតែសង្កត់ធ្ងន់ថាលោក-អ្នកត្រូវធ្វើការស្រាវជ្រាវដើម្បីពិចារណាមុនពេលធ្វើការទិញគម្រោងទុកមុន។ ពួកយើងនៅទីនេះដើម្បីជួយជាគន្លឹះការបំភ្លឺផ្លូវសម្រាប់ការវិនិយោគរបស់លោក-អ្នកសូមចូលទៅក្នុងគេហទំព័រ www.realestate.com.kh/news ដើម្បីស្វែងយល់បន្ថែមនៅថ្ងៃនេះ៕  ស្វែងរកគម្រោងការទិញទុកមុនបន្ថែមនៅលើ Realestate.com.kh!

InternationalLiving.com's Annual Global Retirement Index has just named Cambodia as 1 of 3 top retirement destinations worldwide. The retirement index seeks to compare and contrast retirement destinations around the world - all of which are exhibiting relatively low costs of living by global standards. Retiring in weaker economies is becoming a global trend for expats from more expensive, developed economies, as the relative costs of living in cheaper retirement destinations guarantees a better quality of life for pensioners. In the past 10 years the Kingdom of Cambodia has become one of Southeast Asia’s most up-and-coming destinations for tourists and expats looking to enjoy the exotic charm of a country that also offers the most attractive cost of living in Asia. Cambodia has flexible visa requirements for citizens of Western countries who can obtain annual long-stay visas with a minimum of paperwork and a processing fee of just $285 per year. When you get there, everything from entertainment to renting is very affordable in Cambodia. Meanwhile, the Cambodian government looks set to make it even easier to retire in the Kingdom... Meanwhile, the government has released plans to increase Cambodia’s attractiveness as a destination for foreign retirees, according to a draft policy obtained from the Ministry of Tourism Wednesday this week by the Cambodia Daily. "The draft includes a range of proposals to extract more income from Cambodia’s tourist industry by encouraging foreigners to buy property and stay longer in the country, with involvement from the ministries of tourism, finance and land management," said the Cambodia Daily report. The proposed policies are said to include measures such as the development of “special residences” throughout Cambodia with commercial tourist properties and a wide range of useful facilities. “Special tourists” such as retirees would have the right to buy, rent or sell property in these special residences, and also be entitled to longer-term and more flexible vi­sas, according to the draft of the policy.Find out why Chroy Changvar is becoming a development mecca!

Knight Frank’s latest Cambodia Real Estate Highlights report released today says “the first nine months of 2015 investments in the real estate and construction sector had a combined worth of USD 1,752 million compared with USD 1,540 million during the corresponding period of 2014, equating to an annual increase of 13.8 percent,” with the top five investing countries being Korea, China, Japan, Britain and Malaysia.   Here are some key highlights from the report with their forecasts for 2016 and beyond:Phnom Penh office sectorWhilst Grade C office spaces continue to dominate the supply in the capital, upcoming developments such as the East Commercial Centre (ECC), The Gateway and Diamond Twin Tower will increase supply of Grade A and Grade B office areas in the near future. V-Trust Tower’s opening added 15,000 square metres of net lettable area of 284,448 square metres in the second half of 2015 to the Grade B office supply pool. Formerly known as GT Tower, V-Trust Tower has attracted multinational tenants such as Bosch, Japan Tobacco International, Admiral Markets, CIMB Bank and Phnom Penh Securities. ACLEDA Tower also opened in 2015 adding further to Grade B supply and is expected to be largely owner-occupied.Other notable projects such as The Peak, The Gateway, Diamond Twin Tower and the ECC, along with Exchange Square, are also expected to significantly increase the office supply of prime office space in Phnom Penh. Still under construction are Emerald Tower, City Tower Asia and Maybank’s headquarters on Norodom Boulevard. While occupancy for Grade A office remains low below 30 percent, Grade B and Grade C offices remain steady with occupancies of above 84 percent and 94 percent, respectively.Current asking rents for prime office space ranged from USD 19- 38 per square metre, while the average rental price across all office grades was recorded at USD 18.43 per square metre per month throughout 2015.Knight Frank predicts that completions of a few large projects from 2017 onwards such as Olympia City, a large mixed-use development due for completion by 2019, will result in downward pressure on rental prices for Grade A and Grade B offices.A sturdy supply of office spaces keeps the sector free from oversupply issues. Although Cambodia’s recent ASEAN integration does not appear to have had any noticeable impact on demand, a new online business registration system, recently introduced by the government this year is expected to boost registration of new companies by reducing processing time significantly from 87 days to less than 6 hours, which could have a positive influence on the office sector in the longer term. Phnom Penh Retail Sector“Rental and occupancies within the retail sector remained relatively stable in the second half of 2015,” notes the report, with the availability of stock estimated at 134,154 square metres, including 62,040 square metres classified as prime space. The latter part of 2015 saw the announcement of Aeon group’s second mall in Phnom Penh, as well as Orkidé The Royal Condominium’s launch, which will include two levels of retail podium. Both are set for completion in Sen Sok district. No new completions are expected until at least 2017, with additional retail space of 273,938 square metres expected by 2019 thus increasing the supply by 204 percent. Aeropod, Parkson City Centre, and Aeon Mall 2 account for the bulk of the future supply in the retail segment. The total number of retail malls is expected to increase from 10 to 27 within the next four years, inclusive of standalone malls as well as retail podiums. The much anticipated Parkson City Centre and Naga 2, due to be completed in 2017, as well as the Exchange Square, are all currently in various stages of construction and are expected to add 92,900 square metres to the retail stock.Aeropod, a 7-storey mall component of the mixed-use development operated by the Lion Group located across from the Phnom Penh international airport, is expected to be completed by 2018. Knight Frank estimates that the future supply of retail space in Phnom Penh will consist of 93 percent prime net leasable area and 7 percent secondary leasable areas.Average occupancies for prime grade retail malls have remained stable at above 95 percent throughout last year, with Aeon mall maintaining full occupancy throughout last year despite undergoing at least 15 turnovers with more affordable brands replacing the high-end brands since its initial opening. Rental prices remained stable for the second half of 2015, with no significant movements in demand. Phnom Penh Hotel SectorWith the entrance of several new airline carriers and an increasing number of routes operating both domestically and internationally, the aviation industry in Cambodia is developing in a positive direction. Additionally, improvements to infrastructure between the major tourist hubs of Siem Reap, Phnom Penh and Sihanoukville, bolsters significant medium to long term potential in the tourism sector.According to the latest Knight Frank report, “Increasing scheduled flights from destinations within Asia has led to growing demand for hotel assets, particularly in the coastal region of Sihanoukville”.The hotel market is evolving along with these trends. Although there is an abundant array of guest houses and boutique hotels available, there is currently a gap in the market for internationally branded, four star, business hotels which is particularly lacking in Phnom Penh. In addition, there are currently only three internationally branded, five star hotels operating in Phnom Penh, which includes the Sokha Hotel who opened its doors last year.  The five star Rosewood Hotel within the top floors of Vattanac Capital Tower is set to open later this year and as well as a further 1,000 keys due to launch at Phnom Penh’s only casino, Nagaworld. Two recently launched development projects, The Bay and The Peak, both being undertaken on a joint venture between Cambodian and Singaporean developers, have announced an agreement with both the Okura Prestige and Shangri-La groups, signaling the entry of two more internationally branded five star luxury hotels, however, these are not due for completion until after 2018.RESIDENTIAL OVERVIEWPhnom Penh serviced apartment sectorPopular amongst expats, serviced apartments are largely similar to condominiums in terms of the facilities they offer such as security, pools and gyms, but also provide additional services such as housekeeping similar to that of hotels. Nearly half of existing serviced apartments are located in Chamkarmon and recent developments include Skyline, Silvertown Metropolitan and Maline apartments. There are currently 3,535 serviced apartment units in Phnom Penh, with 1,832 units expected to become available by 2018 increasing the supply by 52 percent within the next two years, comprising mainly small and mid-sized projects.The average rental prices in high-end developments ranged from USD 1,194 – USD 3,233 per month, with the higher rates applying to centrally located buildings. When compared to rental rates in first quarter of 2015, the lower range showed an 18 percent increase while the upper range decreased by almost the same amount.The report predicts that based on current occupancy rates, indications show that the supply of serviced apartments is still higher than the demand, with no expectations of a significant demand growth in the short to medium-term. However the Knight Frank report notes “While there is no threat of oversupply in the serviced apartment sector, occupancy and rental prices are sure to be impacted by the sudden rise in condominium units within the next few years.”Phnom Penh Condominium sectorBetween 2009 and 2010, the first generation of low-to-mid-rise condominiums entered the Phnom Penh market with a total of 732 condominium units for sale. These developments have a practical focus with basic designs, facilities and management services. Thirteen additional condominium projects have been completed since, bringing the total to 2,836 units by the end of 2015.Existing condominiums in Phnom Penh fall within the high-end or the mid-tier classifications, which are categorised according to their selling price, which reflects all other attributes of the development such as location, accessibility, design, management standards and overall quality. Fourteen of the existing condominiums in Phnom Penh fall under the mid-tier category, which comprises 82 percent of the total existing units in Phnom Penh, with 56 more developments scheduled for completion by 2020. Assuming that all future projects are completed as scheduled, the future stock is expected to increase by 641 percent over the next four years. The Knight Frank report states that “the majority of launched projects have focused their marketing outside of Cambodia due to higher investor interest overseas,” with the main buyers of residential units coming from Taiwan, China, Singapore, Japan and Malaysia. However, more and more developers are building for the lower mid-tier sector, which has attracted more local buyers.Selling prices continue on an upward trend and have reached levels above USD 5,000 per square metre in high end penthouse-style condominiums.Looking ahead,  there is a threat of oversupply in the near future with the majority of units in most developments still expected to be sold to overseas investors in the short-term. Stricter building regulations largely determined by the city master plan and its enforcement may also influence future growth levels in the sector.Want to learn more? Download the report in full here.

Phnom Penh: Hotel Okura Co., Ltd. has just announced a contract with TEHO Development Cambodia Pte Ltd. to facilitate development and management of  "The Okura Prestige Phnom Penh," set to launch 2019. The 40 floor, 250 unit hotel will be part of The Bay project. Located just 17 kilometers from the Phnom Penh International Airport, the Bay complex will provide the hotel with lush views across the city, Tonle Sap and the Royal Palace. Hotel Okura Co., Ltd. is a big player in the hospitality-related industries. The Japanese company is also involved in hotel management through Okura Nikko Hotel Management Co., Ltd., currently operating three hotel groups. Hotel Okura will be the first Japanese hotelier to enter the high-end hospitality market in Cambodia, the nation seeing more and more visitors for leisure and work related travel every year.“We are greatly honored to bring our hotel to Phnom Penh, Cambodia’s vibrant center of economy and commerce and a hub between Ho Chi Minh City and Bangkok,” said Toshihiro Ogita, President of Hotel Okura. "We hope that visitors and locals alike will love The Okura Prestige Phnom Penh and that our brand will flourish alongside the people of Cambodia and ASEAN,” said Ogita.Want to buy a unit in The Bay? Check out the full listing on Realestate.com.kh today!

ក្នុងឆ្នាំ២០១៥ទាំងតួលេខរដ្ឋាភិបាល និងក្រុមអ្នកជំនាញព្យាករណ៍ដទៃទៀតបានឱ្យដឹងថា សេដ្ឋកិច្ចកម្ពុជាកើនឡើងក្នុងរង្វង់អត្រា៧%។ មូលនិធិរូបិយបណ្ណអន្តរជាតិបានរកឃើញថាវិស័យកាត់ដេរវាយនភ័ណ្ឌ វិស័យសំណង់និងវិស័យអចលនទ្រព្យជាសសរគ្រឹះទ្រទ្រង់កំណើននៅឆ្នាំកន្លងទៅនេះ។ ស្របពេលគ្នានេះផងដែរ មានក្ដីបារម្ភជាបន្តបន្ទាប់ខ្លាចក្រែង វិស័យអចលនទ្រព្យមានបញ្ហាកំណើនផ្គត់ផ្គង់លើសតម្រូវការអាចបង្កផ្ទុះជាវិបត្តិនាពេលណាមួយ។Realestate.com.kh បានជជែកជាមួយលោក ម៉ី វ៉ាន់ អគ្គនាយកនៃអគ្គនាយកដ្ឋានឧស្សាហកម្មហិរញ្ញវត្ថុនៃក្រសួងសេដ្ឋកិច្ច និងហិរញ្ញវត្ថុ អំពីវិធានការ និងតួនាទីរដ្ឋាភិបាលក្នុងការធានារក្សាស្ថិរភាពនៃទីផ្សារដ៏មានថាមពលមួយនេះ។ ក្រោយពីវិបត្តិហិរញ្ញវត្ថុសកលលោកឆ្នាំ២០០៨/២០០៩ តើរាជរដ្ឋាភិបាលលោកបានដាក់ចេញនូវយន្តការក៏ដូចជាគោលនយោបាយអ្វីខ្លះដើម្បីជម្រុញវិស័យដីធ្លី និងអចលនទ្រព្យឱ្យមានសន្ទុះឡើងវិញ?វិធានការណ៍រដ្ឋាភិបាលគឺថារក្សាស្ថិរភាពម៉ាក្រូរក្សានូវអត្រាអតិផរណាឱ្យនៅកម្រិតទាបធានាឱ្យមានស្ថិរភាពអត្រាប្ដូរប្រាក់នៃរូបិយបណ្ណជាតិហើយនិងពង្រឹងវិស័យធនាគារទាក់ទងនឹងកម្រិត មូលធនក្នុងទីផ្សារអចលនទ្រព្យ ហើយនិងធានាលំហរនៃការជួញដូរអចលនទ្រព្យនេះឯង។អ្វីទៅជាចំណុចទាក់ទាញវិនិយោគិន និងអ្នកជួញដូរមកកាន់ទីផ្សារអចលទ្រព្យ របស់កម្ពុជាក្រោមក្រសែភ្នែករបស់រដ្ឋាភិបាលខ្មែរ?មែនទែនទៅយើងមិនមែននិយាយតែវិស័យដីធ្លីទេគ្រប់ការវិនិយោគទុនយើងមើលទាំងអស់។ ក៏ប៉ុន្តែសម្រាប់វិស័យដីធ្លីយើងផ្ដល់ភាពងាយស្រួល និងបង្កើតភាពទាក់ទាញមួយគឺអនុញ្ញាតិឱ្យជនបរទេសអាចទិញខុនដូបាន។ និងទីពីរតាមរយៈសមាហរណកម្មសេដ្ឋកិច្ចអាស៊ានបាននាំឱ្យកម្ពុជាទៅជាប្រទេសដែលមានទីតាំងកណ្ដាលនៃតំបន់យុទ្ធសាស្ត្រសេដ្ឋកិច្ចរបស់តំបន់សម្រាប់ឆ្នាំ២០១៥កន្លងទៅ អ្វីទៅជាការវាយតម្លៃទូទៅរបស់រាជរដ្ឋាភិបាលទៅលើស្ថានភាពទីផ្សារ អចលនទ្រព្យ ?មែនទែនទៅ សម្រាប់ទិន្នន័យជាផ្លូវការនៃការវិភាគវាយតម្លៃនឹងត្រូវបញ្ចប់នៅខែកុម្ភៈខាងមុខឯណោះ។ តែជាត្រួសៗកំណើនសេដ្ឋកិច្ចឆ្នាំ២០១៥តាមការព្យាកររក្សាបានអត្រា៧%ដដែល ហើយដែលក្នុងនោះមានការចូលរួមពីសំណាក់វិស័យអចលនទ្រព្យផងដែរដែលមានទីតាំងស្ថិតក្នុងកំណើនល្អជាបច្ច័យនាំឱ្យកំណើនសេដ្ឋកិច្ចវាល្អដែរ។សម្រាប់ឆ្នាំ២០១៦ដែលជាឆ្នាំដំបូងនៃសមារណកម្មសេដ្ឋកិច្ចអាស៊ាន និងក៏ដូចជាសម្រាប់ឆ្នាំបន្តបន្ទាប់រាជរដ្ឋាភិបាលមានយុទ្ធសាស្ត្រអ្វីទៀតដែរដើម្បីរក្សាស្ថិរភាពទីផ្សារ អចលនទ្រព្យ ចៀសឆ្ងាយពីវិបត្តិ?ទិដ្ឋភាពសំខាន់ៗដែលយើងអាចធ្វើបានយើងបន្តធ្វើការងារដែលយើងធ្លាប់ធ្វើពីឆ្នាំ២០១៥បន្តមកអនុវត្តនៅឆ្នាំ២០១៦នេះទៀតគឺសំខាន់ធានារក្សាស្ថិរភាពម៉ាក្រូ និងធ្វើពិពិធកម្មមូលដ្ឋានគ្រឹះនៃសេដ្ឋកិច្ចជាតិឱ្យមានទំហំធំជាងមុន។ ហើយដើម្បីជម្រុញការវិនិយោគទាំងក្នុងវិស័យអចលនទ្រព្យ និងវិស័យផ្សេងទៀត យើងពង្រឹងប្រសិទ្ធភាពនៃផ្នែកសេវាសាធារណៈ និងផ្នែកសង្គមកិច្ច ដែលធ្វើដូច្នេះ យើងអាចទ្រទ្រង់នូវកំណើនបានហើយ។ កាលណាមានកំណើន(ផ្នែកGDP៖ផលិតផលជាតិសរុប) នោះកំណើននោះនឹងបែងជាភាគផលដល់ប្រជាជន ហើយប្រជាជនមានលទ្ធភាពទិញច្រើនជាងមុន ហើយក្នុងនោះក៏មានលទ្ធភាពក្នុងការទិញអចលនទ្រព្យដែរ។អ្វីទីជាបញ្ហាប្រឈមសម្រាប់វិស័យ អចលនទ្រព្យ របស់កម្ពុជា ដែលរដ្ឋាភិបាលមើលឃើញ? ហើយរដ្ឋមានវិធីអ្វីខ្លះដែរដើម្បីចៀសឆ្ងាយពីវិបត្តិទាំងនេះ?វិបត្តិចម្បងដែលយើងព្រួយបារម្ភ គឺអតុល្យភាពរវាងបរិមាណនៃការផ្គត់ផ្គង់ និងបរិមាណនៃតម្រូវការ ក្នុងទីផ្សារអចលនទ្រព្យកាលណាដែលក្រុមអ្នកផ្គត់ផ្គង់ផ្ដល់បរិមាណច្រើនលើសលទ្ធភាពនៃបរិមាណតម្រូវការ។ មួយវិញទៀតវាអាចនឹងបញ្ហាគំរាមកំហែងមកពីក្រៅរបងព្រំដែនព្រោះបើកាលណាប្រទេសជិតខាងក៏ដូចជាប្រទេសក្នុងតំបន់យើងមានវិបត្តិនោះលំហូរទុនសម្រាប់ដាក់ការវិនិយោគលើវិស័យនានារួមទាំង អចលនទ្រព្យ ផង នឹងខ្សោយជាងមុនមិនខាន។ ហើយដើម្បីច្បាស់កុំឱ្យមានការភ័ន្តច្រឡំនេះជារឿងទីផ្សារដែលមិនមែនជាអ្វីដែលរដ្ឋាភិបាលត្រូវដាក់បទបញ្ជាតម្រូវសេដ្ឋកិច្ចនោះទេស្របពេលដែលយើងកំពុងបង្កបរិយាកាសសេរីភាវូបនីយកម្មលើការវិនិយោគពីសំណាក់វិស័យឯកជន។ អ្វីដែលយើងធ្វើបានមានត្រឹមតែរក្សាស្ថិរភាពអត្រាប្ដូរប្រាក់ ដូចដែលខ្ញុំបានជម្រាបជូនពីខាងដើមដើម្បីធានាសុវត្ថិភាពផ្នែកទីផ្សារ ហើយនឹងរក្សាកំណើនដើម្បីបង្កើនអំណាចទិញរបស់ប្រជាពលរដ្ឋយើង។អ្វីទៅជាអនុសាសន៍ និងការណែនាំរបស់រាជរដ្ឋាភិបាលសម្រាប់អ្នកវិនិយោគិន និងអ្នកពាក់ព័ន្ធក្នុងវិស័យ អចលនទ្រព្យ ទាំងអស់សម្រាប់ឆ្នាំ២០១៦ និងឆ្នាំខាងមុខទៀត?យើងស្នើឱ្យគាត់មានការសិក្សាឱ្យបានដឹតដល់ទៅលើបញ្ហាដែលយើងពិភាក្សាខាងដើមហ្នឹងគឺការផ្គត់ផ្គង់ និងតម្រូវការ។ ការវិនិយោគក្នុងវិស័យនេះ (អចលនទ្រព្យ) វិនិយោគិនមិនត្រូវខ្ចីលុយលើសពីសមត្ថភាពទុនរបស់ខ្លួន។ មួយវិញទៀតសូមមេត្តាគិតទៅដល់បរិស្ថានសេដ្ឋកិច្ចសកលលោកផង មិនត្រូវមើលតែអត្រាតម្លៃទីផ្សារក្នុងស្រុកនោះទេព្រោះថាវិស័យអចលនទ្រព្យ នេះ វាទាក់ទងនឹងដូច្នេះ បើសិនជាខាងក្រៅមានវិបត្តិ លំហូរទុនមកក្នុងស្រុកនឹងថមថយ ហើយកំណើនចំណូលសម្រាប់ប្រជាជនក៏តិចតួច នាំឱ្យអំណាចទិញរបស់គាត់ទាបទៅតាមហ្នឹង៕ស្វែងរកព័ត៌មានអចលនទ្រព្យចុងក្រោយបំផុតតាមរយៈ Realestate.com.kh

Established in 2009, Realestate.com.kh is celebrating our 7th birthday in 2016 as the leading website for property buyers and sellers in Cambodia. Our website lets users search for properties based on location (sangkat & khan), property type and price range. People interested in buying or renting can see photos, special features, floor plans, property locations, and all other necessary information they need before physically visiting the property. AT Realestate.com.kh, WE ARE NOT A REAL ESTATE AGENTS - in fact they are our clients. Realestate.com.kh is proud to be working with over 90% of the leading real estate agencies in Cambodia, such as Knight Frank, CBRE, CPL, Bonna Realty, IPS, Century 21 and many more. And we also work with the country's leading property developers, including Bodaiju Residences, Grand Phnom Penh International City, East Commercial Center, Embassy Central, The Gateway, Camhomes, North Park Condo and many more. These customers come to us because they know that we attract the most online attention from potential property buyers, inside and outside of Cambodia. We don’t take commission, and we don’t facilitate the final sale transaction. What we specialise in is online marketing and making sure your property for sale or rent receives the most online exposure possible, from property seekers within Cambodia but also from around the world. This means we send you sales inquiries from people who are interested in buying or renting your property. For private sellers (those looking to sell or rent their own property), you can upload your property for FREE on Realestate.com.kh and receive direct sales inquiries by email and phone! And if you don’t know how to use the website to upload, we can even help you do this. However, you might want to upgrade your listing for a small fee if you want to sell it fast with extra online exposure. "Since advertising our listings with Realestate.com.kh we have experienced an impressive increase in inbound inquiries for our properties. By using Realestate.com.kh we have been able to attract a different demographic from our usual customer base and this has flowed through to an overall increase in sales." David Murphy - Managing Director - IPS-Cambodia “We have received a large number of sales leads direct from our listings on Realestate.com.kh, producing a great return on our investment with them. Their post-sales support and service has also been fantastic and exceeded our expectations. This made re-signing with Realestate.com.kh a very easy decision." Sam Yang - CEO - Eastland Development (HK) Co. Ltd. On our 7th birthday, thank you to our loyal partners, customers and users, and we look forward to serving you into the future.

Located where the Tonle Sap and Mekong rivers meet, to the north of the capital, the Chroy Changvar peninsula has undergone significant development over the last few years. Once a rural, marshy area, the peninsula is now seen as one of several future ‘satellite cities’ and accessibility has improved thanks to a second bridge opening last year, linking the suburb to the city center, and construction of commune and district roads and National Road No. 6A. With the much anticipated Sokha Phnom Penh Hotel opening its doors, along with some mid-rise and high-rise condominium developments completed such as Bellevue apartments and Galaxy condominiums, land prices have surged in recent years. According to VTrust Appraisal market research, the growth rate has been hovering around 20 percent over the past two years and is only set to continue. Current large scale project developments include LYP Satellite City, Borey the Flora, Borey the Royal Mekong, Mekong View II and III among others, and the advancement of the Chroy Changvar riverside boardwalk. Chroy Changvar district covers five communes, including Chroy Changvar, Preaek Lieb, Preaek Ta Sek, Kaoh Dach, and Bak Khaeng. An attractive calling card of the district is that it is less congested than those areas across the waterway and offers magnificent views of river and city skyline. [caption id="attachment_80745" align="alignleft" width="300"] Mr. In Sitha, director of business development at VTrust Appraisal[/caption] A recent Vtrust land market survey from January 2016 found that land prices in the commune ranged from USD 420 to USD 1,750 per square meter depending on particular determinants such as significance of streets, zoning, and potentiality of development.“The land price is still lower compared to nearby districts such as Ruessie Kaev and Daun Penh,” says Mr. In Sitha, director of business development at VTrust Appraisal, “And only three kilometers from Phnom Penh’s city centre.”By contrast, the neighbouring district of Ruessie Kaev, located west and opposite the Tonle Sap River has experienced only a slight jump in land prices over the past two years, hovering around 8 percent. Chroy Changvar was found to be the fastest growing zone priced at USD 1080 per square metre in the second half of 2015 as compared to USD 670 per square meter in the same period in 2013. In says that land prices will continue to rise which is driven my major residential and mixed-use developments, and the peninsula realising its city master plans as mapped out by OCIC and L.Y.P Group. “There are several commercial developments underway and shop housing available at Borey Sopheak Mongkol and Young Commercial Supermarket. There is also potential to use existing commercial land for car showrooms, restaurants, banking and finance offices as well as office use for private companies,” adds In.VTrust also notes that there has been a slow market absorption rate influenced by a speculative demand deceleration due to an excessive supply of many large portions of vacant land that has seen a very slow pace of actual developments. However the evidence is clear that the district is packed with potential.All property for RENT in Chroy ChangvarBUY property in Chroy Changvar

An Opinion piece from Mr Sim Hoy Chhoung, ceo of V Trust Appraisal Co. Ltd.As the banking sector is growing in order to fuel the mortgage and collateral-based lending industry, so is the potential concerns over the property valuation standards and risk management systems currently in place in the Kingdom’s banking sector. The global financial crisis, which led to real estate bubbles across various countries around the world, offers a good lesson to explain the current concerns.Industry leaders agree: a risk analysis should be carefully taken into account. This was the suggestion of Mey Vann, director general of the Department of Financial Industry, Ministry of Economy and Finance, as cited by the Phnom Penh Post on 19 August 2015, one day after the inter-ministerial seminar on “Opportunities and Potential Risks in Developing Cambodia’s Property Sector” at Cambodiana Hotel. The 2008 global economic crisis, which impacted Asia and Cambodia, offered a lesson that “we must not let happen again,” he said.But how can we curb the potential risks associated with mortgage and collateral-based lending? From my experience, compliance to standards and professionalism in property valuation is one of the best ways to help mitigate the risks associated with loan defaults that could potentially lead to a wider market financial crash. The Royal Institute of Chartered Surveyors (RICS), one of the world’s most well-recognized organizations, representing professionalism and ethics in land, real estate, and construction appraisals, stresses that accurate and professional valuations are vital to a healthy property market and a stable economy, forming the basis of performance analysis, financing decisions, transactional or development advice, dispute resolution and taxation. However, not all banks in the country comply with valuation best practices and standards. While all would consider property valuation as a crucial part of any risk assessment, not all of them have clearly-defined measures to ensure compliance, often deciding to offer contracts to valuation partners that are not independent, and do not enforce professional and ethical codes of conduct, or lack professional indemnity insurance coverage. This sentiment has also been echoed elsewhere. While many of the banks seem to forget the potential risks, officials advise that property valuation firms should not be biased or under any influence that could cause an unfounded value inflation or deflation of the subject property. Kim Vanda, director general of Banking Supervision of National Bank of Cambodia, said, in the same seminar, that the malpractice could potentially pose risks to the banking industry as a whole, adding banks that have in-house valuation units should also use independent valuation firms to ensure that the appraised values of the subject properties are reasonably concrete and consistent. To ensure a healthy property and banking sector, an understanding of the weaknesses in the valuation process could help. The Central Bank of Ireland issued the December-2012 study report entitled “Valuation Process in the Banking Crisis – Lessons Learned – Guiding the Future” identifying three overriding areas of primary weaknesses in valuation processes during the boom lending years. First, a weakness could come from an inaccurate or inappropriate definition of valuation requirements by credit institutions, thus leading to a subsequent inadequate assessment and understanding of valuations.Second, it could be the result of inadequate valuation processes and standards, or a disregard for adherence to such processes.Third, the weakness could also be the result of a lack of appreciation of the significance of the valuation document as independent evidence of risk mitigation effectiveness. Many bankers did not fully regard the importance of independent valuations and the valuation reports as a key document underpinning the basis on which they were acquiring the risk. Besides identifying the overriding areas of weaknesses, the study also highlighted a number of critical issues that credit institutions should pay attention to in the property valuation process - such as the issue of conflict of interest, valuer panel management, and inappropriate use of informal valuations. In many instances, lenders would accept existing valuations that had been prepared by valuers on behalf of the borrower, not the credit institutions. In this case the study recommends that the valuers’ duty of care is to the credit institutions and this should be emphasized by credit institutions in their written instructions to valuers in accordance with its clearly defined terms of engagement. Valuation reports should always be addressed to the credit institutions that is advancing the loan funds to avoid any complaint or manipulation between valuers and borrowers or owners of the property. When it comes to valuer panel management, the study identified some weaknesses in credit institutions practices including the appointment of valuers without sufficient qualifications, without any evidence of sufficient professional indemnity insurance, with inadequate or no review of panel members’ performance, or on the basis they are a customer of the bank. In sum, to create a healthy financial environment, banks should comply with valuation best practices and standards. Two of the most credible standardized valuation systems advised by the study report are the International Valuation Standards, known as the White Book, and the RICS valuation standards, known as the Red Book. Although the study report seems to stress more on experiences and applications in settings outside of the Kingdom, it does not make any difference since globalization has made almost all the world’s systems into ‘one’ that applies for all and, more importantly, all central banks should be subject to the Basel Committee on Banking Supervision which should incorporate best banking practices into all standards. That said, the country’s valuers association is also working to benefit the industry. Cambodian Valuer and Estate Association (CVEA), which represents the country’s valuation and real estate industry, has taken measures to set minimum valuation fee charges for the industry. The minimum fees should help prevent valuation firms from competing on fees and in-turn compromise the quality of the final appraisal. Sim Hoy Chhoung is the chief executive officer at VTrust Appraisal Co., Ltd. The views and opinions expressed in this article are those of the author and do not necessarily reflect the official position of VTrust Appraisal Co., Ltd.

នៅពេលជនបរទេស និងជនជាតិខ្មែរដែលមានទ្រព្យសម្បត្តិវក់វីនឹងអចលនទ្រព្យនៅក្នុងតំបនចំការមន Realestate.com.kh បានក្រលេកមើលទៅតំបន់ទួលគោកវិញ វាមានភាពទាក់ទាញ និងតម្លៃសមរមនៃទីតំាងនោះ តួយ៉ាងជាទីតំាងមួយសម្រាប់ជនបរទេសដែលមករស់នៅក្នុងក្រុងភ្នំពេញ។លោក Anthony Perkins នាយកគ្រប់គ្រងគម្រោងពិសេសហិរញ្ញវត្ថុ & វិនិយោគ នៅក្រុមហ៊ុនរ៉ូយ៉ាលគ្រុបកម្ពុជាបាននិយាយថា "ប្រសិនបើមានគ្រួសារមួយមិនសូវគិតលើអំពីចំងាយផ្លូវធ្វើដំណើរធ្វើការ ទួលគោកគួរតែគិតអំពីការស្វែងរកផ្ទះ សម្រាប់ជួល ឬលក់។"ស្វែងរកអចលនទ្រព្យសម្រាប់ជួលនៅក្នុងតំបន់ទួលគោកនៅថ្ងៃនេះនៅលើ realestate.com.kh!លោក Perkins កត់សំគាល់ថា តំបន់ទួលគោក "ជាតំបន់ដែលមិនងាយនឹងដាច់អគ្គិសនីដូចតំបន់ខ្លះនៅក្រុងភ្នំពេញនោះឡើង ហើយបុរីជាច្រើនដែលស្ថិតក្នុងតំបន់ទួលគោកពិតជាផ្តល់នូវសុវត្ថិភាពខ្ពស់ ហើយគ្មានការរំខានក្នុងការសាងសង់អ្វីឡើយនៅជាប់របងអ្នកឡើយ" ប្រសិនបើអ្នករស់នៅក្នុងតំបន់បឹងកេងកង អ្នកអាចមានសុវត្ថិភាព គ្រាន់តែអ្នកអាចទទួលរងនឹង សំលេងរំខាននូវការសាងសង់នៅជុំវិញផ្ទះ ហើយវាអាចក្លាយជាផ្នែកនៃជីវិតរស់នៅប្រចំាថ្ងៃរបស់អ្នក... មានសាលាចំណេះដឹងទូទៅជាច្រើននៅតំបន់ទួលគោកផងដែរ រួមទំាងសាលាអន្តរជាតិដែលផ្តល់ស្តង់ដារជាលក្ខណៈអន្តរជាតិ កន្លែងលក់ចំណីអាហារដែលមានបម្រើជូណគ្រប់ស្តង់ដារសម្រាប់អ្នករស់នៅក្នុងតំបន់នោះ។ កន្លែងកំសាន្ត ផ្សារទំនើបក៏បាន ក្លាយជាគោលដៅសំខាន់ផងដែរសម្រាប់តំបននេះ តួយ៉ាងTK Avenue ដែលប្រមូលផ្តុំដោយភោជនីយដ្ឋាន រោងភាពយន្ត ផ្សារទំនើជាដើម"ជនបរទេសភាគច្រើនមិនបានស្គាល់ថាទួលគោកជាខណ្ឌនោះឡើយ" នេះជាសម្តីរបស់លោក Perkins "សម្រាប់ជនបរទេសដែលរស់នៅជាគ្រួសារ មានផ្ទះសម្រាប់ជួលដែលមានបន្ទប់៣ឬ៤ មានតម្លៃជួលក្រោម១០០០ដុល្លារក្នុងមួយខែ ជាការផ្តល់ជូន សន្តិសុខ អាងហែលទឹក ក្លឹបហាត់ប្រាណ និងមានផ្លូវសម្រាប់ថ្មើរជើងធំទូលាយអមដោយដើមឈើ"

Realestate.com.kh spoke to the leaders of the Cambodian real estate market to find out what type of trends we are likely to witness in the property market in 2016.Sunny Soo, managing director of Keystone, Savills Cambodian associate: “For the last 6 months, the speed of apartment transactions have softened significantly in Cambodia, especially those projects heavily targeting foreign buyers - and one would only assume this trend to continue into 2016, especially when the volatility of regional economies continue to be a challenge and the Cambodian economy as a whole moves slower than the real estate market boom, the market will eventually face adjustment. The coming election in 2018 may also prompt some developers to start considering holding onto their development plan for now, unless 2016 proves to be a good year for transaction. Nevertheless, it seems that landed developments as well as projects targeting locals will continue to see higher demand as the middle income group continues to grow bigger. All in all, there are still good opportunities for real estate developments in middle-end offices and hotels. The Cambodian market will continue to remain significant for investment consideration among the countries in this region in 2016.”   Simon Griffiths, associate director at CBRE Cambodia:“For 2016, confidence in the Phnom Penh real estate market, with particular reference to the condominium market, will be low within Cambodia with commenters stating oversupply and too-rapid growth causing oversaturation, ultimate leading to exposure to risk.Interestingly, this sentiment will not be reflected outside of Cambodia, in particular relating to Taiwan and China where inbound investment is expected to grow from consumers and developers alike. However, Singaporean investment is likely to cool.Developers who have not launched schemes pre-2016 are likely to continue to progress with development plans but unlikely to consider exclusively condo developments.  Mixed-use schemes, as well as freehold strata title office and retail space, are likely to become more popular as the potential returns in these sectors are realized both locally and internationally.Hongkong Land Development’s “Exchange Square” shall be ready for tenants to fit-out in November 2016, bringing a second high quality Grade A building to Phnom Penh and a very interesting life-style mix for tenants.”   June Zeng, investment adviser at Da Yu Real Estate:“In my opinion, 2016 will be a rather different year for property developers and real estate agents alike. The major fact everyone has to face is that gone are the days when anyone who had a piece of land in town could make a fortune simply by building something on it. The age of professionals have come, which consequently means Adios to the amateurs.In the city of Phnom Penh, market performance will strictly favour the few projects that score high in two aspects: excellent product and professional marketing. Anything short of either, I'm afraid, is very likely to bring about disappointment.The immediate question Phnom Penh is soon to face within this year is not whether or not there are too many condo units in the market, but why aren't there enough small-sized and affordable units for the young middle class and expats.So, 2016 is the year for many to re-examine demand, which isn't a bad thing at all as that's how a market learns to mature. Despite Phnom Penh's new challenge, the nearly uncharted waters of other provinces are still fresh. 2016 is also the year we might hear major success stories from other fast-growing cities - Sihanoukville, to name the most potential one.”    VA Vireak, chairman of Century 21 Fortune Investment:“Cambodia’s property market in 2016 is very challenging and it’s very hard to predict about its future for this year and beyond.On one side, there are some challenges with increased supply (houses, condos, apartments, offices, …), and the possibility of global economy impacts (mainly from China and the region), the interest rate and bank loan policy (which may be changed), the exchange rate from US Dollars to other currencies (the strong US Dollar), etc.On the other side, Cambodia’s economy can maintain the growth of around 6.9% till 2018, the population growth rate in the urban areas as well, and the AEC (ASEAN Economic Community) integration.Economic growth means more income to the country and to the people as well, therefore the GDP per capita will be increase, so people can have more money to buy the property - of course if there is not too much inflation. Population growth in the city triggers the demand for the housing, as most developments are based in cities only. The AEC integration will bring more skilled workers and specialist, so this new labour pool can help to boost the demand, especially for the condo, apartment and office space.All these factors can help to balance on the real estate market.”   Van Chanthorn (John), managing director of TownCity Real Estate:“The property market in Cambodia will be better than in the previous years for the following reasons.The ASEAN Integration will bring more expatriates to Cambodia. When expatriates come, whether tourists, investors, employees, students, workers or interns, the first thing that they need is accommodation, a place for business, an office, or hotel for a temporary stay. So when they come, it is not only a direct benefit to Cambodia but indirect as well. Cambodians can earn more money and will have the purchasing power to buy other products. When this happens, finally the locals will have enough money to invest in property.Cambodian Returnees who have stayed abroad for a long time have now graduated in their adopted countries and look to Cambodia with new, innovative ways of doing business. When the new businesses enter the market, the properties and offices are their first requirement. These returnees and expats will also seek a higher standard of living, meaning condo demand should pick up also.Bank policy is also changing, and this will boost the lower income real estate market. For the previous 5 years, the banking sector has increased year by year, and still more banks will come. As more competitors come, the policies of the banks are becoming more and more accommodating to Cambodian investors and young couples seeking their first home loan. More appropriate loan policies will drive up demand for low to middle range flats and villas across the market.Government Policy to encourage international and local Investors will also develop in 2016. When the government implements new policies to encourage the private sector, more businesses will come - and when businesses come, people have jobs, better salaries and a higher standard of living. Thus, there will be greater demand for property investment and homes for stay as well. In particular, the real estate sector is monitoring the government's plans to expand the city, and develop infrastructure in suburban areas."   Sharon Liew, ceo of Huttons CPL:“2016 will be a very challenging year for the property market in Cambodia. With owners and investors spoilt for choices for condominium and the country's upcoming elections, buyers are getting more cautious on their purchase. Personally, I feel this is a better start as cautiousness leads to more informed buyers, and this also helps to prevent the exploitation of over-promising developers. The market has upgraded more to commercial properties as is the current trend, and this is another challenge for local buyers needing to absorb the commercial investment value which is rather new in this market. Overall, through experience, I always believe that "Prime property will hold it's value" and "the Early & well-informed bird always catches the worm".”   Chee Yap, project director at Grand Phnom Penh International City:“Currently, there are so many unknown factors within the country, and both regional and global issues.First of all, I suggest the “actual” absorption and digestion of exponential land price growth in 2015 will be something very interesting to watch in 2016.Meanwhile, various factors will exert pressures on the local real estate market, in uncertain ways: such as minimum wages rising to USD 160 per month; local undercurrent political issues; Cambodians adjusting to improving regulations ( i.e. Traffic Law, Tax Law, Forestry Law etc.); the dropping of oil prices below USD 30 per barrel; the appreciation of the USD currency against other major currencies in 2016; and the regional influence of a booming Jakarta and increasing demand in other major regional centers. With these things on the horizon, be prudent and conservative for 2016.Last but not least, Grand Phnom Penh’s Fantastic Water World Waterpark will be completed in mid-February this year and will be the talk of the town during Khmer New Year.”   Ross Wheble, country manager of Knight Frank Cambodia:“With signs of softening in certain sectors, some developers are diversifying. Whilst the supply of retail and office space will approximately double by 2018, the supply of condominiums will increase by more than six-fold. This has led to a recent slowdown in sales rates of condominiums and developers are looking at alternative asset types to appeal to investors.TC Royal Asset Manor was one of the pioneers in this area with the launch of stratified office units in their TK Royal One development. This has been followed by a raft of new stratified office developments as developers seek to diversify away from the condominium sector and we expect this trend to continue into 2016.Equally, with more funds being allocated to infrastructure improvements, we are seeing increasing investment in the industrial sector as multinational companies assess the benefits of setting up operation in Cambodia, particularly along the border with Thailand. We also expect to see growing demand for agricultural land as foreign companies seek to take advantage of a more mechanised approach to farming, providing higher crop yields and better returns than the more traditional methods currently used in Cambodia.”   Alex Evengroen, general manager of Khmer Real Estate:“My forecast for the property market in 2016 is that there will be a large shift from buying properties to investing in land.Cambodia became part of ASEAN and this means that the country will be flooded with highly skilled and hungry Real Estate professionals and investors with a lot of inside knowledge. The M2 price keeps going up and so it is inevitable that at one point people start to look at other and more creative options….This is in my opinion land. There will also be a change in demographics regarding the land market. More will look for (low priced) land in the other provinces like Kep, Kampot, Sihanoukville and others closer to the borders. One of the issues I expect is the oversupply of mostly condominiums which will at a certain point lower the prices and will have an effect on the investments people make to buy these properties.  If this is not well monitored and guided many people could get into financial difficulties. One very important positive change that I see will be the unification of the official Real Estate companies under the scepter of the CVEA. This will result in a better understanding and sharing of upcoming and expected changes and needs within the Real Estate industry, and will also eventually eliminate the people who do Real Estate on the side without the proper papers or required knowledge. We do have to understand that we have to work hard and smart to keep going in the right direction, the direction that will benefit the people of Cambodia and safeguard their investments in the industry. This also means that it is important to keep communicating frequently and act on decisions made to reach the required upgrades.”   David Kim, ceo at Informax Property:“The core sector of new developments will shift from pure residential toward mixed commercial and residential developments in 2016, a trend we are already beginning to see.Due to new residential shifts during 2014 and 2015 to the suburbs of Phnom Penh, these areas now need commercial facilities such as shopping centers, hospitals, offices and schools.Expect to see a rush from mainland China. While Singaporean and Taiwanese developers were the main developers for 2015, now mainland Chinese developers with large capital are starting to launch projects in Cambodia. When they start promoting these projects in China, more and more Chinese investors will consider investments in Cambodia.Industrial development along the borders of Cambodia will enjoy the benefits of the AEC. Cambodia has a good business environment for regional expansions such as low tax, low labor cost, freehold property, and prime logistical connectivity to other member countries of the AEC. When the AEC goes through, the biggest handicap of Cambodia - namely it’s small domestic market - will not be handicap anymore.These 3 issues will be main things to watch in Cambodia's real estate market in 2016.”   Kim Heang, president of the CVEA:“I name the Year 2016 as “the Year of Condo Construction” as you can see the construction of Condos across the City, especially in Khan Chamkarmon, Daun Penh, 7 Makara and Khan Toul Kork.There will be around 18 000 to 20 000 Units of Condo by 2018, this amount is too much for the local market but it is still a small amount for the ASEAN Market. Developers need to find out their own market or create their own market for their product. Also, the Cambodian Government needs to attract more investors to help the Condo industry.The land price has increased too much in 2013, 2014 and 2015 - so the price in 2016 will not increase too much. It should be just 5 to 10% for land in down town, and still around 20% for land outside the city.Boreys for the Middle Class and High End clientele have reached their limits, so it is better for the developers to focus on the lower income and new family markets, especially for the flat house at around 30 to 45K - instead of flat houses at 80 to 100K for the middle class, or 200 to 300K for the high end client.Warehouses need to be moved from downtown as the price keep increasing for their land. The savvy warehouse owner needs to sell their land for big money and shift their business elsewhere!Serviced Apartments in prime locations such as BKK1 and nearby areas are doing good business. However, lower standard apartments will disappear and be replaced by higher end apartments.There will be investors coming to buy factories in Cambodia as we have great advantages for industry. In particular, no tax to the EU, USA and other Asian countries, and low labor costs. However, there are too many demonstrations in the industrial industries recently - thus, the Government needs to take the action and find a solution to the issues of workers.”   Desmond Yap, general manager of Yong Yap Properties:"Cambodia will continue to be an investment hotspot - especially with its continual integration into ASEAN and the government enforcing laws to ensure a cleaner business environment."               Check out a 2015 info-graphic review from Realestate.com.kh here...

The National Committee on Management and Development has halted construction along Sihanoukville’s Otres Beach and also announced that some existing buildings will be demolished.The news comes as the Royal Group's proposed construction of a port on Otres Beach (to support development on Koh Rong) was abruptly halted this week, under order of the government.  According to Neb Samuth, Tourism General Director, in a recent Khmer Times report, Otres Beach has been selected by the ministry as a model case for ensuring that bays and beaches remain environmentally friendly. This protection is being implemented in order to encourage more domestic and international tourists to the coast of Sihanoukville and its islands. Samuth went on to say that a “Coastal Master Plan” is likely to get approval from the Ministry of Tourism and other government ministries in the middle of this year. Other fresh news on realestate.com.kh, Cambodia's #1 Real Estate news source: Chroy Changvar plot, open for bids & Property Registration Fees Waived for Family Members

These days, many potential property buyers in Cambodia use the internet and social media to search for properties... Hence, their very first impressions of a property are made from the photographic appeal of the real estate listing.As an agent, you tell your clients about their property's "curb appeal", and ask them to clean it up and make their property look more attractive to prospective buyers when it comes time for inspection.But, who is responsible for the online appeal? The agent has one chance to impress the potential client with a listing. You need to grab their attention in the first 20 seconds before they skim over your listing and move on to the next property listing. So, while the owner needs to clean the house - you, the agent, better keep the listing crystal clean. Even with this knowledge, most real estate agents are happy to take the listing photographs themselves. The photographs are sometimes grainy, walls and floors are tilted, colors are off, reflections of the agent appear in the walls and mirrors, and rooms are not made camera ready. The result? That newly renovated colonial apartment looks dark and dingy instead of warm, cosy and inviting. That beautiful, breathtaking view over the Tonle Sab River is just a bright white burst of light.This is not the first impression that any property seller wants to convey. These sort of photographs may hurt a property as the potential buyer will more likely skip over it in favor of another one which grabs their attention.HIGHER PRICES: There are studies conducted in the US real estate market which indicate that property listings that use professional photography tend to sell for higher prices. MORE APPEAL AND ATTENTION: When high-quality photographs are used on the listing, they will help grab the buyer's attention, giving the listing more views and exposure. When the listing is viewed more, more potential buyers are having a closer look at the property. A buyer may be lost as they skim past a listing using low-quality photographs. In this competitive market, having a listing with more 'pop' will give your listings a distinct advantage over your competitors. WE HAVE THE TECHNICAL KNOWLEDGE AND EXPERIENCE: A professional real estate photographer has the experience and technical knowledge to photograph and show a property at its very best. We use composition and editing techniques, as well as lighting, to help grab and focus the buyer's attention on the property's primest selling points. Professional real estate photographers have spent countless hours practicing and refining their skills and techniques. We are on a continual learning process to bring out the best in a property that we possibly can. Many agents have bought expensive cameras and the use "Auto" mode to take their listing photographs. Just owning an expensive camera does not make one a good photographer. You need to be able to see the best composition and have an array of techniques at your disposal as each photograph is different. This only comes after years of experience, practice, and learning. With that in mind, contact Bruce today from BDV Photography for a free quote on your next property photo shoot: bdv@bdvphotography.net

On the heels of its first housing development success – Embassy Residences, which has sold 90 per cent of its units – local developer Urbanland is wasting no time in establishing its second project, Embassy Central. Being at the pulse of Boeung Keng Kang 1, and within strolling distance of renowned restaurants like Topaz Restaurant, Malis Restaurant, and Eric Kayser Bakery, with retail stores along the nearby Preah Sihanouk Boulevard such as Charles & Keith, Pedro, and Mango, and more cafés and bars interspersed around, there is no area more bustling and convenient than where Embassy Central is located. Thriving hub aside, Embassy Central itself is a building to behold; its discreet brilliance is reflected through its minimalistic and sleekly structured design. Only 25 storeys tall and 119-unit strong, Embassy Central holds its own in dedicating its composition to the importance of an urban lifestyle that is in sync with modernity, yet maintaining a green lifestyle with its outdoor landscape features. Check out the full Embassy Central listing today on Realestate.com.kh! With only 119 units, Embassy Central has a more private and intimate feel, with four sky gardens in different parts of the building that residents can fully utilise to their liking. These open spaces provide a tranquil respite from the hustling bustle of the city; spaces where you can exercise or do yoga amidst the rising or setting sun, sit and read a book by the trees, or simply bask in the crispness of the air. Besides its multiple sky gardens, another distinctive feature of Embassy Central is its vertical green wall garden that runs through the building from the 4th floor to the 25th, with the main purpose of brightening up usually enclosed hallways with natural sunlight. The condominium’s swimming pool is surrounded by lush greenery, as it is on the same floor where the vertical garden begins. The impressive architecture of this condominium comes from the same masterminds behind Cambodia’s most popular coffee chain – Brown Coffee. The same attention to detail, quirky steeled structures, and top-notch finishing seen in all Brown Coffee outlets across Phnom Penh are mirrored in Embassy Central’s building and showroom. Hok Kang Architects, who wholly designed Embassy Residences and Embassy Central, and are also the people behind Urbanland and Brown Coffee, aptly sums it up: “Embassy Central is a very special project for us. We want to design a building that responds to a hot tropical climate such as Cambodia. Vertically designed elements and oversized balconies help to shade the building from the harsh tropical sun. The building is punctuated by pockets of green gardens, giving it a more iconic architecture, and also its residents a more liveable space that is close to nature. Upon its completion, Embassy Central will be the emblem of contemporary urban living at its finest in the heart of BKK1.” Urbanland and Hok Kang Architects comprise a small but diverse team, and being local adds value and trust among Cambodians – that a relatively small developer is able to bring to the Kingdom international standards of ideas, design, and product. Urbanland is committed to investing in its home country, and seeing it thrive as an urban cosmopolis. The company prides itself on catering as much as they can to their niche clientele’s needs, offering interior design services or suggestions that will complement the overall flow of the building units’ designs. Embassy Central’s showroom is fitted with high-end furnishings, with cleverly streamlined storage spaces and enclosed air-conditioning, while everything that is attached to the walls such as the lights, cupboards, console table, and appliances come together with the unit. Singapore investment firm, Terrasia Capital Investment, has said that the quality of interior fittings and finishes is a game-changer that sets a very high benchmark for other developers to follow. In Urbanland’s Marketing Manager, Victor Huot’s words, “what you see and feel in our showroom will be the same experience you will get when you walk into your Embassy Central home.” “The most prestigious address in Phnom Penh, crafted with design and high-quality materials, Embassy Central is a gem of investment that will only increase in value over time,” Terrasia Capital Investment concluded. Check out the full Embassy Central listing today on Realestate.com.kh!

Phnom Penh: According to a recent report from the Phnom Penh Post, the government has undertaken a private design competition to select a new development project to be situated on a 14-hectare plot on Chroy Changvar peninsula alongside the Sokha Hotel. The plot of land set for development is a prime location, facing the main city riverside on Chroy Changvar. Although owned by Sokha Hotel, the group's own development design plans were not granted approval from the necessary ministries and have since been rejected.  13 different development companies have bid the Government for the rights to the project, but now the group has been reduced to five: including international developers from Malaysia, Korea and Singapore, as well as two local Khmer firms. The committee is set to resume on January 25 in order to narrow the current list down to three candidates. Supposedly, an official announcement of the project winner will come by mid-February this year.

Last Saturday’s official D’Seaview groundbreaking ceremony was a great success, with over 200 honorable guests assembling at the construction site to celebrate the physical launch of Phase 1 of the project. The event was presided over by H.E. Yun Min, Governor of Sihanoukville province, and following the groundbreaking ceremony, a complimentary lunch was provided for all satisfied guests at the Sokha Hotel and Resort, Sihanoukville. Check out the full D'Seaview listing information on Realestate.com.kh. Already, a host of eager buyers are proud to gain the status of first movers for this momentous development. In the first phase of sales and booking, already over 80 percent of the 300 units in phase 1 have been successfully subscribed by both local and international buyers at price per square meter ranging from $1750 to $2200* *(updated October 2016). As stated by Dr. Wang Kai Yuen, Chairman/Non-Executive Independent Director at the D’Seaview Condominium Ground Breaking Ceremony on Saturday, “After the launch of Camhome’s unique queue system in September 2015, we have received more than 1,000 clients interested in this development and our upcoming developments. I believe more are coming, as Sihanoukville is one of the promising provinces in Cambodia, especially during the ASEAN Integration.” Nevertheless, as sales continue to expand, premier sea facing units and commercial opportunities are still available to buyers in the D’Seaview complex. But, those interested in these prime positions are urged to secure these units before they sell out! Further, a special “sure-to-win instant lucky dip” is being offered throughout the month of January to award attractive prizes for new buyers who purchase a D’Seaview unit at exclusive, off-plan prices. “Having accumulated more than 25 years of experiences in the design, construction and management of property developments in Singapore since 1988, D’Seaview will incorporate the latest in construction methods and modern building management concepts from Singapore,” said Dr. Wang Kai Yuen at the groundbreaking. The guaranteed quality of the D'Seaview project pays tribute to HLH group’s experience in the field of creating premium residential developments. The use of precast panels will allow for a smoother and more consistent finish throughout the complex; hollow core precast panels also allow service connections to be hidden within the wall therefore minimising the need for hacking and plastering or exposed ductworks; quality international standard fittings and fixtures will be used throughout, along with homogenous floor tiles, safety glass ( for windows which extends below 1m height), and a safe and quality assured elevator system; wall tiles to wet areas come standard, and beautifully-crafted roof terraces are provided for selected units; finally, all bathrooms have windows to allow for natural light and ventilation, and all enclosed kitchens have windows for ample ventilation. The design of D’Seaview likewise harks to the developer’s unique understanding of what creates an attractive and highly livable residential development, while concurrently paying tribute to the unique environment of Cambodia’s lush coastline. Naturally lighted and ventilated corridors, via cross ventilation, ensure a high level of comfort in all common areas within D’Seaview. As importantly, your new home will be a safe haven - with a high level of security via separate commercial and residential car park levels, card access and an integrated intercom service. Residential units will enjoy unrestricted sea views through design thanks to D’Seaview’s efficiently shaped floor plans. Prime units also include spacious balconies for outdoor enjoyment. Luxurious amenities shall fall at your doorstep, with subscription facilities such as a pool cafe, swimming pool, kid's room, yoga room, library, and fully equipped function rooms. Further, the complex will bring a level of convenience previously unknown to residential developments of Sihanoukville. Commercial lots will house a bank, childcare facilities, a hotel, restaurants, food court and mini market, all within easy reach of residents. Realise your housing and commercial dreams now; and visit Camhomes’ D’Seaview showroom at Canadia Towers and talk to their property consultants.Check out the full D'Seaview listing information on Realestate.com.kh.

TA Corporation Ltd. is an established property and construction group with a track record of over 40 years' experience in the Singapore construction industry, and over 15 years' experience in real estate investment and development. As an integrated business group, TA Corporation is also involved in the provision of workers’ training and accommodation as well as the distribution of lubricants and commercial vehicles, tyres and spare parts. At the dawn of 2016, the company is slated to launch its first mixed-use real estate Cambodian project: The Gateway. [TA Corporation had earlier developed and completed a [21 units] residential project Serene Villa in Cambodia under a joint venture with a local Cambodian partner.] TA Corporation first entered the real estate development business in Singapore in 1995, backed by their unique competencies in the construction business. Since, TA Corporation has gained a strong reputation as a developer of quality residential developments, targeting the middle to upper middle income markets. Over the years, TA Corporation has built up a sound reputation as a reliable building contractor. Most of TA Corporation’s customers are established names, including government bodies and major real estate developers in Singapore and abroad. TA Corporation’s major construction subsidiary company, Tiong Aik Construction Pte Ltd, holds the highest BCA grading in Singapore (A1) for general building work, sufficient to undertake public sector construction projects with unlimited contract value. Cementing this success, TA Corporation was listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”) on 21st November 2011. Recognising the size constraints in Singapore’s market, TA Corp has expanded its property development business overseas to China, Cambodia and Thailand, with a host of successful projects across these markets.[TA only did one project in China] As a regional developer, TA Corp believes that the Cambodia’s property market currently exhibits the right fundamentals for real estate investments, which include (i) robust GDP growth levels averaging above 7% that is enabling the sustainable growth of its commercial sector; (ii) the rising affluence of Cambodia’s young middle-class workforce translating into strong demand for quality residences; and (iii) a stable socio-political environment and openness by local authorities towards foreign investments. With these growth drivers in place, the TA Corporation’s latest development is strategically located in Phnom Penh. Call The Gateway, the development comprises a 36-storey office tower with 299 strata-titled office units, a 39-storey residential block with 572 units, and a two storey retail plaza/podium with prime retail outlets. The Gateway will be located along the Confederation de la Russie or “Russian Boulevard”, a main thoroughfare between central Phnom Penh and the airport. TA Corporation has been in the Cambodian market for over a decade, and has witnessed firsthand the significant socio-economic progress the country has made. The strong potential in the country’s development and ‘The Gateway’ project represents the company's long-term commitment to Cambodia, as well as their keen interest to forge and advance collaborative partnerships with the local business community.  Stay tuned for more information on the Gateway project and the launch of local sales. Check out the full listing information today on realestate.com.kh and register for early bird specials.