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Axis Residences unique quality commended at the Cambodia Property Awards 2016!
Axis Residences unique quality commended at the Cambodia Property Awards 2016!
June 6, 2022, 5:04 p.m.
Realestate News
AXIS RESIDENCES is proud to be the First Cambodia Development by a Singaporean Developer to receive the 'Highly Commended Award' for the โ€œBest Condo Development (greater Phnom Penh)โ€ at the inaugural Cambodia Property Awards 2016, part of the Asia Property Awards series.And why not? Axis Residences is proving to be a trailblazer in the Cambodian developments market - setting the benchmark with a host of innovative design, finance and quality features.Axis Residences is the pioneering condominium in Phnom Penh to adopt sustainable solar PV technology (Solar Panels) into the development.By doing so, Axis Residences will be the first and the only condominium in Cambodia that incorporates this innovative green feature that benefits the buyers with both a stable electrical supply and a reduced utility and maintenance bill. It is also nice to know that your home is supporting the reduction of carbon footprint for our mother earth and elevating a cleaner Cambodia into the new century.By utilizing clean renewable energy from the sun, all residents at Axis Residences benefit from cheaper maintenance rates and likewise reduce the carbon footprint of the condo in its entirety. The green energy generated from the rooftops of Axis Residences reduces CO2 emissions equivalent to that of 3222 trees every year. Axis Residences is the forerunner for new quality condo developments in Cambodia โ€“ and firmly believes that innovation as such will pave the way for future condo and commercial developments in considering the incorporation of clean sustainable energy sources in their design.The sleek and contemporary design of Axis Residences is also impressing Cambodian celebrities and film makers. Recently, the renowned film production company, Hong Meas HD TV, has been using the Axis Residences showroom to film various drama series and movies.The directors and producers of these productions are well-aware that the younger generation of Khmer are craving a higher standard of living, and a taste in design style that the market currently sorely lacks. Because the Axis showroom epitomizes the style and quality that the new generation of home buyers are craving, and feature brand name appliances and fixtures throughout, it is only natural that Axis Residences should be the ideal location to film these popular films and drama series.Spring CJW, the renowned Singaporean development company behind Axis Residences, however, is well-aware that many younger Khmer interested in purchasing their first condo home currently lack access to sufficient finance to make such a dream a realityโ€ฆWith that in mind, Spring CJW has created a very attractive 15 year end-financing package in partnership with Phillip Bank, uniquely designed for their customers. As the payment schedule for this loan is based on each construction stage, off-plan buyers will only have to pay as each stage of the development is completed.The Partnership between Axis Residences and Philip BankThe Phillip Bank loan package, available to Axis Residences buyers, only charges interest for the amount that is supposed to be paid. For example, if the sub-structural phase of construction is competed, just 10% has to be paid to the developer by the end-buyer. This means that customers who purchase via the Phillip Bank loan will only need to incur interest for that initial 10%.This is not a common practice at all in Cambodia, as most projects will charge the loan interest on the full sum owing, and few banks are willing to support condo buyers. Not only that but, again uniquely, the principle sum for the Phillip Bank loan will only be payable at the completion of the Axis Residences project in its entirety, which is around 2 years later. Customers who use the Phillip Bank loan option will thus be looking at only around a $90 installment payment per month for the first year.This is not only affordable for young buyers, but acts as a guarantee that the project is completed to the promised standards, in the promised timeframe. Although this is Spring CJWโ€™s first condo project in Cambodia, they have entered the market to stay โ€“ and customer-friendly initiatives such as this are a testament to that!At Axis Residences, younger buyers are offered a chance to secure a state-of-the-art home on finance terms that they can genuinely afford. This is a golden opportunity for young couples to own a new home with a lifestyle that will be the envy of their peers for many years to come.If you would like to learn more about Axis Residences, click HERE to check out the full listing on Realestate.com.kh today.Inquire directly with Spring CJW and join their friendly and knowledgable property consultants right here in Phnom Penh for a tour of the famous Axis Residences showroom.Click HERE to request an information pack today!
Your Gateway to ASEAN
Your Gateway to ASEAN
June 6, 2022, 5:05 p.m.
Property Reviews
Realestate News
The Gateway showroom is open everyday from 9.00am to 6.00pm. The Gateway showroom is located at the actual construction site of the Gateway project, along Russian Boulevard - the physical gateway of Phnom Penh central city.As Russian Boulevard is the main road or the gateway of Phnom Penh, it is the essential route for all VIPs entering the city, especially those traveling to the Prime Ministerโ€™s office from the International Airport. By positioning itself here on the main artery of Phnom Penh, the Gateway promises sustained appreciation for all ASEAN investors.ย  The Gateway is 3 minutes away from major amenities of Phnom Penh City. It will be alongside a variety of retail flagship stores, key government ministries, upcoming mega malls, and a host of International schools and embassies. Meanwhile, TA Corp has identified Cambodia as a fast rising market. Cambodia has illustrated strong and steady property growth year on year, with its average property prices doubling every 4-5 years over the past 10 years. Prime properties in Phnom Penh exhibit attractive rental yield of 7-11% of purchase prices. With bulk of its purchasing demand coming from the local buyers located in Phnom Penh; it displays a vote of confidence and a positive signal for potential investors who have already invested. The ASEAN Economic Community (AEC) has substantially increased the convenience of doing business in Phnom Penh and stimulated the demand for foreign direct investments from International Companies. Investorโ€™s from around the world are seizing the opportunity to tap on the high growth potential of the rising Cambodian market. Learn more about this iconic project: Check out the full listing and inquire today!
Where to Buy Development Land in Phnom Penh: Realestate.com.khTV
Where to Buy Development Land in Phnom Penh: Realestate.com.khTV
June 6, 2022, 5:06 p.m.
Realestate News
Jum reap sour! And welcome to another weekly Real Estate News Report brought to you by RealEstate.com.kh. The leader in real estate news in the Kingdom and the best place to find your new home. Missed Part 1 or Part 2?On this weekโ€™s show, weโ€™re going to be speaking with Mr. In Sitha, Director of Business Development at VTrust Appraisal, about where to buy development land in Phnom Penh. Sitha has over 20 years experience in the real estate business in Cambodia and he now specializes in property development consultancy and real estate business development. He's also a renowned real estate teacher in real estate law and real estate practice. In this 6 Part series, we're going to get some tips for property developers and real estate businesses seeking to gain an edge when entering the Cambodian real estate market.PART 3: WHAT ARE BEST AREAS TO BUY DEVELOPMENT LAND IN PHNOM PENH?Realestate.com.kh: What districts are the best to buy in in Phnom Penh for developers? ย Say if you got a new developer client seeking consultation, which areas would you recommend buying land in now for a new development project?In Sitha: I think right now Chamkarmon District is one of the four districts of Phnom Penh that I would consider as the good place to invest at the moment and into the future. I think that's where to buy development land in Phnom Penh.ย Realestate.com.kh: Land's expensive right?In Sitha: Yeah, the land is little bit expensive but it's still good to invest. As you see, Chamkarmon District is the place with the most expats, restaurants and the prime hotel area of approximately 1,073.72 hectares. In this district, I consider two communes, BKK1 and Tonle Bassac, to be best to invest in.Realestate.com.kh: Which ones?In Sitha: Number one is Boeung Keng Kang 1 and number two is Tonle Bassac. You see, they are in the central area, so the southeast of Independent monument, and this district has a lot of wealthy residents, NGO, corporates, etc. And the landscape is very nice, very beautiful and wide, leafy streets. Realestate.com.kh: Will developers who choose to build in BKK1 increase their chance of higher rental returns?In Sitha: That's correct.Realestate.com.kh: Because of all the expats and lots of money in this area?In Sitha: In Boeung Keng Kang 1 and Tonle Bassac, there are many rich people. One unit of a serviced apartment with two bedrooms can be priced from 800 US to over 1800. Yet, ultimately, it is based on the quality and the design of the construction.Realestate.com.kh: Much, much higher than the rest of the country?In Sitha: Yeah, it makes it a good investment opportunity if for a one bedroom unit you can get almost 1000 to 1500 in rental returns. These areas offer easy access to all sorts of entertainment and food venues, and also the government institutions, hospitals, international schools and universities. This is a centralized area. Market price increases yearly so this is a very good place to invest in these two sangkats/communes.Loving it?ย Then you should watch part 4ย now:WHY PHNOM PENH BOREYS ARE PROVING SUCH A POPULAR MARKET FOR DEVELOPERS AND HOMEBUYERS coming soon
Launch a Development project in Cambodia: How To; Realestate.com.khTV
Launch a Development project in Cambodia: How To; Realestate.com.khTV
June 6, 2022, 5:04 p.m.
Realestate News
Jum reap sour! And welcome to another weekly Real Estate News Report brought to you by RealEstate.com.kh. The leader in real estate news in the Kingdom and the best place to find your new home.On this weekโ€™s show, weโ€™re going to be speaking with Mr. In Sitha, Director of Business Development at VTrust Appraisal. Sitha has over 20 years experience in the real estate business in Cambodia and he now specializes in property development consultancy and real estate business development. He's also a renowned real estate teacher in real estate law and real estate practice. In this 6 Part series, we're going to get some tips for property developers and real estate businesses seeking to gain an edge when entering the Cambodian real estate market.PART 2: THE PROCESS TO START ANY DEVELOPMENT PROJECT IN CAMBODIA, FOR DEVELOPERSย Missed part 1? View it here!Realestate.com.kh: For developers, when you meet the developer that's considering launching a project in Cambodia, can you briefly explain the process for starting a new development project in Cambodia? What do they need to do?In Sitha: Thank you, this is a good question as well. Most developers have to understand a few things when they decide to enter the Cambodian market. To start a new development project in Cambodia, number one, the developer must get the business license from the Ministry of CommerceRealestate.com.kh: Number one, business license. This takes how long?In Sitha: I'd say a few weeks, usually from one week to two weeks. Now everything's online so the developer can go to the website of the Ministry of Commerce and apply to get the business license.Realestate.com.kh: This process is much faster now?In Sitha: Yes, it is faster now. This is a new system for the Cambodian government so everything's online now. ย Second, the developer needs to get permission from the General Department of Taxation. They have to apply to get VAT number and tax patent. You can also apply for tax patent online. The developers then apply to get the construction license from the Ministry of Land Management Urban Planning and Construction.Realestate.com.kh: The construction license, that's general - or you take a different license for different type of projects?In Sitha: Actually, it will be specific in regards to the size and type of the development. And we have specific periods. Realestate.com.kh: And if they don't complete the comstruction in a certain time?In Sitha: They can extend. At the same time the developers are applying to get the construction license, they need permission for their project from the Ministry of Economy and Finance as well. The same registration applies for a developer as applies to a real estate agency. In the real estate business, first we have to apply to get the business license from the Ministry of Commerce and then get the Tax Patent. Then we have to apply to get our license and certificate from the Ministry of Economy and Finance for the specific professional field as a developer, agent and property manager in some cases. The developer is no different, and needs to get licensed for any type of business it undertakes.Realestate.com.kh: So the developer, they need to apply for a license to sell their property also? They need to apply for a real estate license?In Sitha: Yes they do.Number five in the process is that ย the developers have to prepare the master plan for the development project, and submit this to the Ministry of Land Management Urban Planning and Construction and wait for the approval. After the approval, the Ministry of Land Management provide construction permission. Developers then can start the development project at the site that they propose. Realestate.com.kh: Roughly how long does it take to receive these permissions to begin? How fast could they do that?In Sitha: It takes a few months. It depends on how busy the government is. Some Months they are busy, like for the official meetings or something, so it takes a longer. Broadly, it's between one month and three months start to finish.Realestate.com.kh: When they submit the project plan to the government, how specific, how detailed does the plan need to be at this stage?In Sitha: They should include the floor plans as part of the master plan, in order for a professional architect from the land management ministry to check. Which means that before construction starts, developers have to prepare the master plan, the complete of construction prediction, and submit all information to the Ministry of Land Management. ย The Ministry of Land Management will then check and verify whether it shall proceed.Realestate.com.kh: You must have a registered construction company in this plan?In Sitha: Yeah, yeah. It shall be under one company who can also be registered for construction, or in partnership with a separate registered construction company. Number six, in the process for a developer to start in Cambodia, the marketing and selling strategy is also important. How to do the marketing and how to sell your type of development in Cambodia. Many developer donโ€™t pay enough attention to this. It's all about the marketing. I say developers need to do the market research and see whether the project could be a healthy seller in this market. And donโ€™t wait until after the construction to do this! Can customers buy or not? And research the right price or something like that. The developer needs to understand the market price, and likely changes, which means the price that could be affordable to the customer compared to the neighboring development projects. My company, VTrust Appraisal, are specialists in research and market study. We are an independent organization that can bring a lot of useful knowledge to those considering development projects. [caption id="attachment_81203" align="alignleft" width="300"] The Ministry of Land Management Construction and Urban Planning, Phnom Penh.[/caption] Realestate.com.kh: The developer can sell 70% of a condo project to foreigners right?In Sitha: Of course, developers can sell 70% to the foreigner owners.Number eight, in the process for a new developer, is to select the right type of customer to sell your units to. Not all customers are the same, and not all will suit your development. It depends on how much is the unit price for each condo. And this depends on the area, and whether you want to target local or ย international customers. It is a very good time, and a good opportunity for the developer to join in the condo development in this country. Number nine, in the start-up process for any developer is finding referral agents.Realestate.com.kh: When you say referral agents, you mean the developer has one agency working exclusively for them and then referral agents, all those other agencies who can co-sell and refer clients.In Sitha: Yes, you see, the CVEA (the Cambodian Valuers and Estate Agent Association) can be extremely useful for this because they are the mother of the real estate companies within Cambodia, the big umbrella of the industry - and the CVEA has a lot of real estate members.Realestate.com.kh: They're very interested to meet new developments?In Sitha: The real estate agents in the CVEA are professional, and they are well known, so the developer can get them to help out in selling the project as referral agents. They will share information among all members. Ten, the last point, cooperate for home loan options from the banking sector. To invest in the property I believe that we cannot have 100 percent of the money to own the properties. Now the banking sector in Cambodia generally provide home loans to the real estate developer up to 70%. To invest in property in this community, we use 70% of our own investment and the other, 70% or more from home loans. Everything they have to set part with the bank. Could be the reliable bank for the coverage in terms of loan financing. Loving it?ย Then you should watch part 3 now:WHAT ARE BEST AREAS TO BUY DEVELOPMENT LAND IN PHNOM PENH
Why develop and invest in Cambodia? Realestate.com.khTV
Why develop and invest in Cambodia? Realestate.com.khTV
June 6, 2022, 5:06 p.m.
Realestate News
Jum reap sour! And welcome to another weekly Real Estate News Report brought to you by RealEstate.com.kh. The leader in real estate news in the Kingdom and the best place to find your new home.On this weekโ€™s show, weโ€™re going to be speaking with Mr. In Sitha, Director of Business Development at VTrust Appraisal. Sitha has over 20 years experience in the real estate business in Cambodia and he now specializes in property development consultancy and real estate business development. He's also a renowned real estate teacher in real estate law and real estate practice. In this 6 Part series, we're going to get some tips for property developers and real estate businesses seeking to gain an edge when entering the Cambodian real estate market.PART 1: WHY PROPERTY DEVELOPERS AND INVESTORS ARE INCREASINGLY LOOKING TO CAMBODIARealestate.com.kh: Mr. Sitha, I understand you have a lot of experience in advising property developers in Cambodia. What do you believe is driving the current high levels of property develop in the country now, in Phnom Penh in particular? Why do people want to invest inย Cambodia?In Sitha: Well, thank you for your excellent question. In Cambodia now, the business opportunity is good compared to the late 90s. You see when the country and the world had the economic crisis. After 2009, the market is better and better. More foreign investors are looking to this market. Most from China, Hong Kong, Malaysia, Japan, America and local developers. All these people are looking to invest in Cambodia.Come to the questions. What drives the property development in the country currently? I think the investors themselves firstly have to have unlimited/sufficient investment capital for the investments in Cambodia, meaning they canโ€™t enter without foresight. Number two, the investment projects licensing fees must be taken into consideration. Number three, investors must choose the right locations given their target market and budget, so location is also the most important to set up the development project. I think the central city is the best location at present, and also in the peninsula areas, or the other side of the river, if you're talking by areas.Realestate.com.kh: Why's that?In Sitha: Actually in Chroy Changvar the environment is good. The heart of the land between the Rivers is very beautiful, ideal to build a hotel or condo development. Realestate.com.kh: The infrastructure's really improving that side of the river now? [caption id="attachment_81189" align="alignleft" width="278"] Mr. In Sitha, Director of Business Development at VTrust Appraisal.[/caption] In Sitha: Yeah. A developer could build high rise buildings without limitations in this location as there are still no restrictions in the Chroy Changvar ย area, which means we could build high as long as they maintain construction qualities. Construction qualities that I just mentioned are also an important consideration for the investor. Quality construction ensures a project will have a long lifetime in the market. Number four, company brand name and reputation is also very important to this industry. Any new developer in the Cambodian market must build its brand reputation also. So how to build our brand name? My recommendation is to make a joint venture agreement with a good quality construction company and an experienced development company - preferably with experience in multiple international markets. Number six, you need to understand what is the competitive price in the market for a project like you are looking at. This means understanding the market price. It should in line with demand in the locality as well as considering what is reasonable for the foreign investor coming to our market as well.Number seven. You must consider the marketing tools you will use to expose your development project. I think RealEstate.com.kh is the one of the best digital marketing options for them to choose.Loving it?ย Then you should watch partย 2 now:ย THE PROCESS TO START ANY DEVELOPMENT PROJECT IN CAMBODIA, FOR DEVELOPERS
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Asian Outbound Investment: Another Record Year, CBRE
Asian Outbound Investment: Another Record Year, CBRE
June 6, 2022, 5:04 p.m.
Realestate News
CBRE Hong Kong has released a new report that chartsย Asian outbound investment in real estate in 2015.ย โ€‹Asian outbound investment has seen another record year for 2015, reaching US$62.4 billion.And the Cambodian real estate market are drawing some of this capital. ย Chris Hobden, Manager of Research, Consulting & Valuation Services at CBRE Cambodia notes that, "while 2015 saw a significant increase in allocations of Asian outbound capital beyond the Asia Pacific region, Cambodia has evidently benefited from the growing appetite of both developers and investors, notably from China, Singapore, South Korea and Taiwan, to expand development activity and holdings beyond their respective domestic markets. With sustained GDP growth, attractive returns and the widespread adoption of the US dollar, Cambodia is well placed to attract continued real estate investment from the wider region over the course of 2016." ย  [caption id="attachment_81159" align="alignleft" width="226"] Chris Hobden, Manager of Research, Consulting & Valuation Services at CBRE Cambodia[/caption] Key highlights of the CBRE Hong Kong report: Asian outbound real estate investment reached another record high year in 2015, standing at US$62.4 billionโ€”a 37% year-on-year increase. ย  Underpinned by more active institutional investors from Singapore and China, 2015 saw a significant increase in big ticket transactions (deal size worth over US$500 million; up 167% year-on-year) and portfolio transactions (accounting for 28% of total Asian outbound investment turnover, up from 16% in 2014). ย  Active sources of capital continued to be led by Singapore, China and Hong Kong, with an increase of outbound capital deployment at 58%, 41% and 49% year-on-year, respectively. ย  Outbound investment into major gateway cities were more diversified. London, as the top destination of Asian investors, has contributed to a lower portion of outbound investment, decreasing from 17% in 2014 to 13% in 2015. On the contrary, other major gateway cities such as New York, Sydney, Shanghai and Hong Kong have all received a higher proportion of Asian investments in 2015. ย  The Americas have overtaken EMEA to become the top region attracting the largest share of Asian outbound investment, reaching US$22.4 billion (up 109% year-on-year). The Pacific region also saw significant increase of Asian investment (up 45% year-on-year). Meanwhile, growth rates in EMEA (up 7% year-on-year) and within Asia (up 12% year-on-year) are relatively moderate.
The Gateway: spectacular VIP opening ceremony
The Gateway: spectacular VIP opening ceremony
June 6, 2022, 5:06 p.m.
Realestate News
The Gateway has officially launched sales in Cambodia with a spectacular VIP opening ceremony.The official launch festivities took place last Sunday, the 28th February at The Gateway showroom on Russian Boulevard, which is located beside the actual site of the project now beginning phase 1 of construction. The launch event last Sunday was attended by the most prominent political and business figures from across Phnom Penh and over 500 guests were present.The event was presided over by His Excellency Dr. Hun Manet (Lieutenant General of the Royal Cambodian Armed Forces), His Excellency Dr. Pen Sophal (Secretary of State of the Ministry of Land Management, Urban Planning and Construction), Mr Oliver Ching (First Secretary (Political), Embassy of the Republic of Singapore โ€“ Cambodia) and attended by Neak Ohkna Kith Meng (Chairman of Cambodia Chamber of Commerce), among many other prestigious guests.The ceremony commenced from 7.30am and from 12 noon onwards, the showroom was officially opened to the public.The Gateway showroom is open everyday from 9.00am to 6.00pm.All shareholders of The Gateway project would like to extend their sincere thanks to all VIP guests and guests from the general public who came and joined the official launch festivities last week.Also, congratulations to all those early-bird buyers who have already secured their best choice units in this prestigious new development.The launch of โ€˜The Gatewayโ€™ project is an iconic step forward for the Cambodian real estate community, and represents the first mega-project of TA Corporation in Cambodiaโ€™s capital city of Phnom Penh. This project represents a significant milestone in the companyโ€™s history, and will be the start of a much larger commitment from TA Corporation to the development of the Cambodian property market into the future.Learn more about this iconic project: Check out the full listing.
Cambodia Property Awards 2016 winners revealed
Cambodia Property Awards 2016 winners revealed
June 6, 2022, 5:04 p.m.
Realestate News
The winners of the first-ever Cambodia Property Awards have been announced at the gala dinner and awards ceremony hosted at the Sofitel Phnom Penh Phokeethra on 25 FebruaryFive awards for Borey Penghuoth Group, including Best Developer, Best Housing Development and Special Recognition in CSRThe Olympia City Development Co Ltd wins Best Mixed-Use Development award and two Highly CommendedReal Estate Personality of the Year is awarded to Rithy Sear, Chairman of Worldbridge Land (Cambodia) Co LtdUrbanland Asia Investment Co Ltd wins Best Condo Development (Central Phnom Penh) for Embassy Residences15 developers rewarded in all categoriesPHNOM PENH, Cambodia โ€“ 25 February 2016Borey Penghuoth Group, the eveningโ€™s most-nominated company, took home five awards, winning in all the categories in which it was shortlisted, including Best Developer (Cambodia). The 10-year-old firm beat Overseas Cambodian Investment Corporation Ltd (OCIC) to scoop the biggest accolade of the evening.The Phnom Penh-based group also won the Special Recognition in Corporate Social Responsibility for its initiatives in building modern housing for the people of Cambodia and participating in the social reconstruction of the nation following decades of civil wars.โ€œWeโ€™re very happy for these awards. Weโ€™re thankful for a stable government that we can have a competition like this. Borey Penghouth Group just wants to build quality houses and create happiness for the people as part of our company slogan,โ€ said Thay Chea Houth, the groupโ€™s president. โ€œWe will do our best to build and maintain our reputation so we can compete again at the Cambodia Property Awards. We see a very good future for the Cambodian property sector.โ€Borey Penghuoth Group won Best Residential Development (Cambodia) category Grand Star Platinum, which faced stiff competition from Olympia City, the multi-use residential condominium project of The Olympia City Development Co Ltd that earned a total of three nominations and won the Best Mixed-Use Development award, and Urbanland Asia Investment Co Ltdโ€™s award-winning condo development Embassy Residences.Attended by about 300 leading industry figures and VIPs, including the Secretary of the State Ministry of Land Management, Urbanisation and Construction, His Excellency Dr. Pen Sophal, representative of His Excellency Senior Minister Im Chhun Lim, who praised the achievements of the Cambodian property and construction industries during the keynote speech.Thirteen awards were given to the best developers and developments in Cambodia, which now have the stamp of approval from the Asia Property Awards, the largest and most respected industry event in the region.Simon Griffiths, associate director of CBRE Cambodia, who led the judging panel, said the inaugural Cambodia Property Awards set a precedent for developers to continue with their innovations and fill the gaps in the local real estate market by designing and building high quality developments in office, retail, hotel, residential and other segments.โ€œWhat will become a more exciting time for Cambodia is when the developers really start to differentiate within sectors โ€“ and that has yet to come in most sectors โ€“ so there are definitely more exciting times ahead,โ€ he said.The Winners and Highly Commended were all chosen by an independent panel of judges of leading experts from all fields of the industry, after a fair and transparent, six-month nomination and judging process supervised by BDO, one of the worldโ€™s largest accounting firms.One of the highlights of the night was the presentation of the Real Estate Personality of the Year award to property and e-commerce entrepreneur Rithy Sear. Selected by the editors of Property Report, Asiaโ€™s industry-leading magazine, it was the only award not selected by the judging panel.Sear, chairman of Worldbridge Land, is one of the driving forces behind the ambitious, upscale, mixed-use development by the Oxley Gem (Cambodia) joint venture in Phnom Penh. โ€œBeing selected as the first-ever Real Estate Personality of the Year in Cambodia is one of the most important moments in my business adventure,โ€ he said. โ€œI have always been passionate in bringing refreshing concepts and vibrancy to the property market in Cambodia... being recognised in the industry is an extraordinary moment.โ€The Best of the Best winners will be heading to Singapore in November to compete at the grand finals of the South East Asia Property Awards 2016 with their peers from seven ASEAN markets.Full list of Winners and Highly Commended at the Cambodia Property Awards 2016:Best Developer:ย  Winner: Borey Penghouth Group Highly Commended:ย Overseas Cambodian Investment Corporation Ltd (OCIC)Special Recognition in CSR: Winner: Borey Penghouth GroupBest Residential Development (Cambodia): Winner: Grand Star Platinum by Borey Penghouth GroupBest Condo Development (Central Phnom Penh) Winner: Embassy Residences by Urbanland Asia Investment Co Ltd Highly Commended:ย De Castle Royal by Nuri D&C Co Ltd;ย Olympia City by The Olympia City Development Co Ltd;ย Skylar by Meridian;ย TK Royal One by TC Royal Manor Co LtdBest Condo Development (Greater Phnom Penh): Winner: Bodaiju Residences by Torreya Asset Holdings Co Ltd Highly Commended:ย Axis Residences by Spring CJW Development Pte LtdBest Housing Development (Phnom Penh): Winner: Grand Star Platinum by Borey Penghouth Group Highly Commended:ย Elite Town by Elite Town Development Co Ltd,ย Orkide Villa The Grand, Phnom Penh, Cambodia by Orkide Villa Co LtdBest Mixed-Use Development: Winner: Olympia City by The Olympia City Development Co Ltd Highly Commended:ย TK Royal One by TC Royal Manor Co LtdBest Hotel Development : Winner: Courtyard by Marriott, Siem Reap by Grand Lion Group Best Serviced Apartment: Winner: Maline by Maline Apartments Co LtdBest Residential Architectural Design (Low-Rise): Winner: Grand Star Platinum by Borey Penghouth Group Highly Commended:ย Bodaiju Residences by Torreya Asset Holdings Co Ltd,ย Olympia City by The Olympia City Development Co Ltd,ย Condoย 240 by Street 240 Development Co LtdBest Residential Architectural Design (High-Rise): Winner: Embassy Central by Urbanland Central BKK Co Ltd Highly Commended:ย Embassy Residences by Urbanland Asia Investment Co Ltd,ย TK Royal One by TC Royal Manor Co LtdBest Hotel Interior Design: Winner: Courtyard by Marriott, Siem Reap by Grand Lion Group Real Estate Personality of the Year: Rithy Sear,ย Chairman, Worldbridge Land (Cambodia) Co Ltdโ€œWe congratulate all the Winners and Highly Commended of the Cambodia Property Awards, the latest addition to our prestigious Asia Property Awards programme in ASEANโ€ said Terry Blackburn, founder of the Asia Property Awards and publisher of Asiaโ€™s industry leading Property Report magazine. โ€œWhile Cambodia is still a small market, it is quickly emerging and definitely deserving of international recognition, and thatโ€™s why weโ€™re here. We are grateful to all the developers, sponsors and partners who have participated this year and we look forward to a bigger awards gala in 2017.โ€
Cambodia Property Awards Winners Announced
Cambodia Property Awards Winners Announced
June 6, 2022, 5:05 p.m.
Realestate News
Congratulations to all theย Winners at the Cambodia Property Awards 2016, held last night at the Sofitel Phokeethra, Phnom Penh. Realestate.com.kh is proud to have supported such an iconic event, and a crossroads for the Cambodian real estate development industry.ย Best Developer:ย Winner: Borey Penghouth GroupHighly Commended:ย Overseas Cambodian Investment Corporation Ltd (OCIC)Special Recognition in CSR:Winner: Borey Penghouth GroupBest Residential Development (Cambodia):Winner: Grand Star Platinum by Borey Penghouth GroupBest Condo Development (Central Phnom Penh)Winner: Embassy Residences by Urbanland Asia Investment Co LtdHighly Commended:ย De Castle Royal by Nuri D&C Co Ltd;ย Olympia City by The Olympia City Development Co Ltd;ย Skylar by Meridian;ย TK Royal One by TC Royal Manor Co LtdBest Condo Development (Greater Phnom Penh):Winner: Bodaiju Residences by Torreya Asset Holdings Co LtdHighly Commended:ย Axis Residences by Spring CJW Development Pte LtdBest Housing Development (Phnom Penh):Winner: Grand Star Platinum by Borey Penghouth GroupHighly Commended:ย Elite Town by Elite Town Development Co Ltd,ย Orkide Villa The Grand, Phnom Penh, Cambodia by Orkide Villa Co LtdBest Mixed-Use Development:Winner: Olympia City by The Olympia City Development Co LtdHighly Commended:ย TK Royal One by TC Royal Manor Co LtdBest Hotel Development :Winner: Courtyard by Marriott, Siem Reap by Grand Lion GroupBest Serviced Apartment:Winner: Maline by Maline Apartments Co LtdBest Residential Architectural Design (Low-Rise):Winner: Grand Star Platinum by Borey Penghouth GroupHighly Commended:ย Bodaiju Residences by Torreya Asset Holdings Co Ltd,ย Olympia City by The Olympia City Development Co Ltd,ย Condoย 240 by Street 240 Development Co LtdBest Residential Architectural Design (High-Rise):Winner: Embassy Central by Urbanland Central BKK Co LtdHighly Commended:ย Embassy Residences by Urbanland Asia Investment Co Ltd,ย TK Royal One by TC Royal Manor Co LtdBest Hotel Interior Design:Winner: Courtyard by Marriott, Siem Reap by Grand Lion GroupReal Estate Personality of the Year:Rithy Sear,ย Chairman, Worldbridge Land (Cambodia) Co Ltd
แžŸแŸ’แžœแŸ‚แž„แž™แž›แŸ‹แž–แžธแž—แžถแž–แžแžปแžŸแž‚แŸ’แž“แžถแžšแžœแžถแž„แŸ–ย แž€แžถแžšแž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž›แž€แŸ‹แž˜แžปแž“แž‚แž˜แŸ’แžšแŸ„แž„ แž“แžทแž„แž€แžถแžšแž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž›แž€แŸ‹แž”แž“แŸ’แž
แžŸแŸ’แžœแŸ‚แž„แž™แž›แŸ‹แž–แžธแž—แžถแž–แžแžปแžŸแž‚แŸ’แž“แžถแžšแžœแžถแž„แŸ–ย แž€แžถแžšแž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž›แž€แŸ‹แž˜แžปแž“แž‚แž˜แŸ’แžšแŸ„แž„ แž“แžทแž„แž€แžถแžšแž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž›แž€แŸ‹แž”แž“แŸ’แž
February 19, 2025, 7:06 a.m.
Realestate News
แž“แŸ…แž”แŸ’แžšแž‘แŸแžŸแž€แž˜แŸ’แž–แžปแž‡แžถ แžœแžทแžŸแŸแž™แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž€แŸ†แž–แžปแž„แž‘แžถแž€แŸ‹แž‘แžถแž‰แžœแžทแž“แžทแž™แŸ„แž‚แžทแž“แž‘แžถแŸ†แž„แž€แŸ’แž“แžปแž„แžŸแŸ’แžšแžปแž€ แž“แžทแž„แž€แŸ’แžšแŸ…แžŸแŸ’แžšแžปแž€ แžŠแŸ„แž™แžŸแžถแžšแžขแŸ’แž“แž€แž‘แžถแŸ†แž„แž“แŸแŸ‡แž”แžถแž“แž˜แžพแž›แžƒแžพแž‰แž–แžธแžŸแž€แŸ’แžแžถแž“แžปแž–แž›แžŸแŸแžŠแŸ’แž‹แž€แžทแž…แŸ’แž…แžšแž”แžŸแŸ‹แž”แŸ’แžšแž‘แŸแžŸแž€แž˜แŸ’แž–แžปแž‡แžถแž€แŸ’แž“แžปแž„แžšแž™แŸˆแž–แŸแž›แž”แŸ‰แžปแž“แŸ’แž˜แžถแž“แž†แŸ’แž“แžถแŸ†แž…แžปแž„แž€แŸ’แžšแŸ„แž™แž“แŸแŸ‡แŸ”โ€‹ แž‚แž˜แŸ’แžšแŸ„แž„แžŸแžถแž„แžŸแž„แŸ‹แž‡แžถแž…แŸ’แžšแžพแž“แž”แžถแž“แž”แž‰แŸ’แž…แž”แŸ‹ แžแŸ’แž›แŸ‡แž€แŸ†แž–แžปแž„แž…แžถแž”แŸ‹แž•แŸ’แžแžพแž˜ แž“แžทแž„แžแŸ’แž›แŸ‡แž‘แŸ€แžแžŸแŸ’แžแžทแžแž€แŸ’แž“แžปแž„แž‚แž˜แŸ’แžšแŸ„แž„แžŸแžถแž„แžŸแž„แŸ‹แŸ”แž‚แž˜แŸ’แžšแŸ„แž„แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“แž”แŸ’แžšแž—แŸแž‘แž•แŸ’แž‘แŸ‡แž›แŸ’แžœแŸ‚แž„ แž”แžปแžšแžธย  แžœแžธแžกแžถแž€แžผแž“แž€แžถแžแŸ‹ แžœแžธแžกแžถแž‘แŸ„แž› แžœแžธแžกแžถแž—แŸ’แž›แŸ„แŸ‡ แž“แžทแž„แž•แŸ’แž‘แŸ‡แž›แŸ’แžœแŸ‚แž„แžขแžถแž‡แžธแžœแž€แž˜แŸ’แž˜แž”แžถแž“แž“แžนแž„แž€แŸ†แž–แžปแž„แž‘แžถแž€แŸ‹แž‘แžถแž‰ แž“แžทแž„แž‡แžถแž‘แžธแž–แŸแž‰แž“แžทแž™แž˜แžšแž”แžŸแŸ‹แžขแŸ’แž“แž€แžขแž—แžทแžœแžŒแŸ’แžแž“แŸ แž“แžทแž„แž‘แžถแž€แŸ‹แž‘แžถแž‰แžขแŸ’แž“แž€แž‘แžทแž‰แž—แžถแž‚แž…แŸ’แžšแžพแž“แž“แŸ…แž”แŸ’แžšแž‘แŸแžŸแž€แž˜แŸ’แž–แžปแž‡แžถแž•แž„แžŠแŸ‚แžšแŸ”ย แž‚แŸแžƒแžพแž‰แž˜แžถแž“แž‚แž˜แŸ’แžšแŸ„แž„แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“แžแŸ’แž›แŸ‡แž”แžถแž“แž”แŸ’แžšแž€แžถแžŸแž›แž€แŸ‹แž€แŸ’แž“แžปแž„แž‚แž˜แŸ’แžšแŸ„แž„ (แž˜แžถแž“แž“แŸแž™แžแžถแž˜แžทแž“แž‘แžถแž“แŸ‹แž˜แžถแž“แžŸแž€แž˜แŸ’แž˜แž—แžถแž–แžŸแžถแž„แžŸแž„แŸ‹แž“แŸ…แžกแžพแž™แž‘แŸ) แž แžพแž™แž‚แž˜แŸ’แžšแŸ„แž„แžแŸ’แž›แŸ‡แž€แŸแž˜แžถแž“แžŸแžถแž„แŸ‹แžŸแž„แŸ‹แž‡แžถแž•แŸ’แž‘แŸ‡แž‚แž˜แŸ’แžšแžผ แžšแžฝแž…แž‘แžพแž”แž”แŸ’แžšแž€แžถแžŸแž›แž€แŸ‹แž‡แžผแž“แžขแŸ’แž“แž€แž‘แžทแž‰ แž…แŸ†แžŽแŸ‚แž€แž‚แž˜แŸ’แžšแŸ„แž„แžแŸ’แž›แŸ‡แž‘แŸ€แžแžŸแžถแž„แžŸแž„แŸ‹แž”แžŽแŸ’แžแžพแžšแž›แž€แŸ‹แž”แžŽแŸ’แžแžพแžš แžŠแžพแž˜แŸ’แž”แžธแž•แŸ’แžแž›แŸ‹แž‘แŸ†แž“แžปแž€แž…แžทแžแŸ’แžแžŠแž›แŸ‹แžขแžแžทแžแžทแž‡แž“(แžขแŸ’แž“แž€แž‘แžทแž‰)แŸ”ย แž‘แŸ„แŸ‡แž‡แžถแž˜แžพแž›แžƒแžพแž‰แžแžถแž˜แžถแž“แžšแžผแž”แž—แžถแž–แž•แŸ’แžŸแŸแž„แŸ—แž‚แŸ’แž“แžถแž“แŸƒแž€แžถแžšแž”แŸ’แžšแž€แžถแžŸแž›แž€แŸ‹แž‚แž˜แŸ’แžšแŸ„แž„แž‘แžถแŸ†แž„แž“แŸแŸ‡ แž”แŸ‰แžปแž“แŸ’แžแŸ‚แž‚แž˜แŸ’แžšแŸ„แž„แž“แžธแž˜แžฝแž™แŸ—แžแŸ‚แž„แžแŸ‚แž˜แžถแž“แž€แžถแžšแž‚แžถแŸ†แž‘แŸ’แžš แž“แžทแž„แž”แž‰แŸ’แž‡แžถแž‘แžทแž‰แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“แž–แžธแžขแžแžทแžแžทแž‡แž“แž‚แŸ’แžšแžถแž“แŸ‹แžแŸ‚แž˜แžถแž“แž…แŸ†แž“แžฝแž“แžแžทแž… แžฌแž…แŸ’แžšแžพแž“ แžขแžถแžŸแŸ’แžšแŸแž™แž‘แŸ…แžแžถแž˜แž›แž€แŸ’แžแžแžŽแŸ’แžŒ แž“แžทแž„แž‘แŸ†แž“แžปแž€แž…แžทแžแŸ’แžแžšแž”แžŸแŸ‹แžขแžแžทแžแžทแž‡แž“แŸ”ย แž€แžถแžšแž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž€แŸ’แž“แžปแž„แž‚แž˜แŸ’แžšแŸ„แž„ (แž•แŸ’แž‘แŸ‡แž˜แžทแž“แž‘แžถแž“แŸ‹แžŸแžถแž„แžŸแž„แŸ‹แž แžพแž™) แž‚แžบแž‡แžถแžšแžฟแž„แž˜แžฝแž™แžŠแŸ‚แž›แžขแžแžทแžแžทแž‡แž“แžแŸ’แžšแžผแžœแžแŸ‚แž˜แžถแž“แž€แžถแžšแž–แžทแž…แžถแžšแžŽแžถแžแŸ’แž–แžŸแŸ‹แž˜แžปแž“แž“แžนแž„แžŸแž˜แŸ’แžšแŸแž…แž…แžทแžแŸ’แžแž‘แžทแž‰แž–แžธแž–แŸ’แžšแŸ„แŸ‡แžœแžถแžขแžถแž…แž˜แžถแž“แž แžถแž“แžทแž—แŸแž™แž…แŸ’แžšแžพแž“แž‡แžถแž„แž€แžถแžšแž‘แžทแž‰แž•แŸ’แž‘แŸ‡แžŠแŸ‚แž›แž”แž‰แŸ’แž…แž”แŸ‹แž€แžถแžšแžŸแžถแž„แžŸแž„แŸ‹แžšแžฝแž… แžฌแž•แŸ’แž‘แŸ‡แžŠแŸ‚แž›แž”แŸ’แžšแž€แžถแžŸแž›แž€แŸ‹แž”แž“แŸ’แžแŸ”ย แžŠแŸ„แž™แžŸแžถแžšแžแŸ‚แž…แŸ’แž”แžถแž”แŸ‹แž‘แŸ†แž›แžถแž”แŸ‹แž€แŸ’แž“แžปแž„แžœแžทแžŸแŸแž™แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸ…แž’แžผแžšแž›แžปแž„ แž€แžถแžšแžขแž“แžปแžœแžแŸ’แžแž…แŸ’แž”แžถแž”แŸ‹แž€แŸแž“แŸ…แž˜แžถแž“แž€แž˜แŸ’แžšแžทแžแž’แŸ’แžœแžพแžฒแŸ’แž™แžขแŸ’แž“แž€แžขแž—แžทแžœแžŒแŸ’แžแž“แŸแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž˜แžฝแž™แž…แŸ†แž“แžฝแž“แž†แŸ’แž›แŸ€แžแžฑแž€แžถแžŸแž€แŸแž„แž…แŸ†แžŽแŸแž‰แžแžถแž˜แžšแž™แŸˆแž€แžถแžšแžขแž—แžทแžœแžŒแŸ’แžแž‚แž˜แŸ’แžšแŸ„แž„แžแŸ’แž™แž›แŸ‹ แžฌแž‚แž˜แŸ’แžšแŸ„แž„แž˜แžทแž“แž…แŸ’แž”แžถแžŸแž›แžถแžŸแŸ‹แž‚แž˜แŸ’แžšแŸ„แž„แž˜แžทแž“แžŸแŸ’แžšแž”แž…แŸ’แž”แžถแž”แŸ‹ แž‚แž˜แŸ’แžšแŸ„แž„แž˜แžทแž“แž˜แžถแž“แžŸแŸ’แžแž„แŸ‹แžŠแžถแžšแžแŸ’แžšแžนแž˜แžแŸ’แžšแžผแžœแŸ” แž‡แžถแž›แž‘แŸ’แž’แž•แž›แž‘แž„แŸ’แžœแžพแž‘แžถแŸ†แž„แž“แŸแŸ‡แžขแžถแž…แž‡แŸ‡แžฅแž‘แžทแŸ’แž’แž–แž›แžŠแž›แŸ‹แžขแŸ’แž“แž€แž‘แžทแž‰แŸ”แžแžถแž„แž€แŸ’แžšแŸ„แž˜แž“แŸแŸ‡ Realestate.com.kh แž“แžนแž„แž›แžพแž€แž™แž€แž–แžธแž—แžถแž–แžแžปแžŸแž‚แŸ’แž“แžถแž“แŸƒแž€แžถแžšแž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž€แŸ’แž“แžปแž„แž‚แž˜แŸ’แžšแŸ„แž„ แž“แžทแž„แž€แžถแžšแž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŠแŸ‚แž›แžŠแžถแž€แŸ‹แž›แž€แŸ‹แž”แž“แŸ’แž แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž‡แžถแž€แžถแžšแž‡แŸ†แž“แžฝแž™แžŸแŸ’แž˜แžถแžšแžแžธแž‘แŸ…แžŠแž›แŸ‹แžขแŸ’แž“แž€แžŠแŸ‚แž›แž˜แžถแž“แž”แŸ†แžŽแž„แž…แž„แŸ‹แž‘แžทแž‰แž•แŸ’แž‘แŸ‡แŸ”แž€แžถแžšแž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž€แŸ’แž“แžปแž„แž‚แž˜แŸ’แžšแŸ„แž„ (Buying Off Plan)แŸ–แžŠแžผแž…แžŠแŸ‚แž›แžขแŸ’แž“แž€แž”แžถแž“แžŠแžนแž„แž แžพแž™แžแžถ แž€แžถแžšแžขแž—แžทแžœแžŒแŸ’แžแž‚แž˜แŸ’แžšแŸ„แž„แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸ…แž”แŸ’แžšแž‘แŸแžŸแž€แž˜แŸ’แž–แžปแž‡แžถแž˜แžถแž“แžšแžผแž”แž—แžถแž–แž•แŸ’แžŸแŸแž„แŸ—แž‚แŸ’แž“แžถ แž‘แžถแŸ†แž„แž‚แž˜แŸ’แžšแŸ„แž„แžแžผแž… แž‚แž˜แŸ’แžšแŸ„แž„แž˜แž’แŸ’แž™แž˜ แž“แžทแž„แž‚แž˜แŸ’แžšแŸ„แž„แž’แŸ†แŸ” แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž‚แž˜แŸ’แžšแŸ„แž„แžแŸ’แž“แžถแžแž˜แž’แŸ’แž™แž˜ แž“แžทแž„แž’แŸ† แž—แžถแž‚แž…แŸ’แžšแžพแž“แž”แŸ†แž•แžปแžแž‚แžบแž˜แžปแž“แž–แŸแž›แž”แŸ’แžšแž€แžถแžŸแž›แž€แŸ‹แž™แŸ‰แžถแž„แž แŸ„แž…แžŽแžถแžŸแŸ‹แž€แŸแžแŸ’แžšแžผแžœแžแŸ‚แž˜แžถแž“ แž•แŸ’แž‘แŸ‡แž‚แž˜แŸ’แžšแžผแžŸแžถแž„แžŸแž„แŸ‹แžšแžฝแž…แž‡แžถแžŸแŸ’แžšแŸแž…แžฒแŸ’แž™แžขแžแžทแžแžทแž‡แž“แž…แžผแž›แž˜แžพแž› แž–แŸแž›แž”แŸ’แžšแž€แžถแžŸแž”แžพแž€แž›แž€แŸ‹แž‚แž˜แŸ’แžšแŸ„แž„ แžŠแžพแž˜แŸ’แž”แžธแž•แŸ’แžแž›แŸ‹แž‘แŸ†แž“แžปแž€แž…แžทแžแŸ’แžแžŠแž›แŸ‹แžขแžแžทแžแžทแž‡แž“แŸ”ย แž€แžถแžšแž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž€แŸ’แž“แžปแž„แž‚แž˜แŸ’แžšแŸ„แž„ แž‚แžบแž‡แžถแžšแžฟแž„แž”แŸ’แžšแžแžปแž™แž”แŸ’แžšแžแžถแž“แž˜แžฝแž™แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž”แž‘แž–แžทแžŸแŸ„แž’แž“แŸแž“แŸ…แž”แŸ’แžšแž‘แŸแžŸแž€แž˜แŸ’แž–แžปแž‡แžถ แžŠแŸ„แž™แžŸแžถแžšแžขแŸ’แž“แž€แž‘แžทแž‰แž˜แžทแž“แžขแžถแž…แž”แŸ†แž–แŸแž‰แž€แŸ’แžแžธแžŸแŸ’แžšแž˜แŸƒแžšแž”แžŸแŸ‹แžแŸ’แž›แžฝแž“แž”แžถแž“แž—แŸ’แž›แžถแž˜แŸ—แž‘แŸ แžŠแŸ„แž™แžแŸ’แžšแžผแžœแžšแž„แŸ‹แž…แžถแŸ†แž€แŸ’แž“แžปแž„แžšแž™แŸˆแž–แŸแž› แž˜แžฝแž™แžŠแŸ‚แž›แž”แžถแž“แž–แŸ’แžšแž˜แž–แŸ’แžšแŸ€แž„ แž“แžทแž„แž˜แžถแž“แž…แŸ‚แž„แž€แŸ’แž“แžปแž„แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแž‘แžทแž‰แž›แž€แŸ‹แž•แŸ’แž‘แŸ‡แž“แŸ„แŸ‡แŸ” แž‡แžถแž‘แžผแž‘แŸ… แžšแž™แŸˆแž–แŸแž›แžŸแžถแž„แžŸแž„แŸ‹แž˜แžถแž“แž…แž“แŸ’แž›แŸ„แŸ‡แž–แžธ แŸกแŸข แžแŸ‚ แž‘แŸ… แŸกแŸจ แžแŸ‚ แžขแžถแžŸแŸ’แžšแŸแž™แž‘แŸ…แžแžถแž˜แž‚แž˜แŸ’แžšแŸ„แž„แž“แžธแž˜แžฝแž™แŸ—แŸ”ย แž‘แŸ„แŸ‡แž™แŸ‰แžถแž„แžŽแžถแžขแŸ’แž“แž€แž‘แžทแž‰แž“แžนแž„แž‘แž‘แžฝแž›แž”แžถแž“แž…แŸ†แžŽแžปแž…แž›แŸ’แžขแŸ—แž–แžธแžšแž™แŸ‰แžถแž„ย แž‘แžธแž˜แžฝแž™แŸ– แžขแŸ’แž“แž€แž‘แžทแž‰แžขแžถแž…แž‘แž‘แžฝแž›แž”แžถแž“แž•แŸ’แž‘แŸ‡แž€แŸ’แž“แžปแž„แžแž˜แŸ’แž›แŸƒแž˜แžฝแž™แžŠแŸ‚แž›แžขแžถแž…แž‘แž‘แžฝแž›แž”แžถแž“แž•แž›แž…แŸ†แžŽแŸแž‰แž–แžธแž€แžถแžšแž›แž€แŸ‹ แž”แž“แŸ’แžแž…แž“แŸ’แž›แŸ„แŸ‡ แž–แžธ แŸกแŸ % แž‘แŸ… แŸฃแŸ % แž“แŸ…แž–แŸแž›แž•แŸ’แž‘แŸ‡แžŸแž„แŸ‹แžšแžฝแž… แžŠแŸ„แž™แž แŸแžแžปแžแžถ แž•แŸ’แž‘แŸ‡แž›แž€แŸ‹แž€แŸ’แž“แžปแž„แž‚แž˜แŸ’แžšแŸ„แž„แžแŸ‚แž„ แžแŸ‚แž›แž€แŸ‹แž€แŸ’แž“แžปแž„แžแž˜แŸ’แž›แŸƒแž‘แžถแž”แž‡แžถแž„แž‘แžธแž•แŸ’แžŸแžถแžšแž–แŸ’แžšแŸ„แŸ‡แž‚แŸแž‘แžปแž€แžฒแŸ’แž™แžขแžแžทแžแžทแž‡แž“แžขแžถแž…แž…แŸ†แžŽแŸแž‰แž–แžธแžŸแžถแž„แžŸแž„แŸ‹แžšแžฝแž…แŸ”ย แž‘แžธแž–แžธแžšแŸ– แž‚แžบแžขแŸ’แž“แž€แž‘แžทแž‰แž˜แžทแž“แž…แžถแŸ†แž”แžถแž…แŸ‹แž˜แžถแž“แž›แžปแž™แž‘แžถแŸ†แž„แžŠแžปแŸ†แž‘แŸ…แž‘แžทแž‰แž“แŸ„แŸ‡แž‘แŸ แž–แŸ„แž›แž‚แžบแžขแžแžทแžแžทแž‡แž“แžขแžถแž…แž‘แžทแž‰ แž”แž„แŸ‹แžšแŸ†แž›แŸ„แŸ‡แžŠแŸ„แž™แž˜แžถแž“แž‘แžนแž€แž”แŸ’แžšแžถแž€แŸ‹แž”แž„แŸ‹แž˜แžปแž“ แŸกแŸ % แŸขแŸ % แžฌ แŸฅแŸ % แž”แŸ‰แžปแžŽแŸ’แžŽแŸ„แŸ‡แž แžพแž™แž€แŸแž˜แžถแž“แž‚แž˜แŸ’แžšแŸ„แž„แžแŸ’แž›แŸ‡ แžขแž“แžปแž‰แŸ’แž‰แžถแžแžฒแŸ’แž™แž”แž„แŸ‹แžšแŸ†แž›แŸ„แŸ‡แžŸแžปแž‘แŸ’แž’แžŠแŸ„แž™แž˜แžทแž“แž…แžถแŸ†แž”แžถแž…แŸ‹แž”แž„แŸ‹แž˜แžปแž“แž‚แžบแžšแŸ†แž›แžŸแŸ‹แž”แŸ’แžšแž…แžถแŸ†แžแŸ‚แž™แž€แžแŸ‚แž˜แŸ’แžแž„ แŸ”แž แŸแžแžปแžŠแžผแž…แŸ’แž“แŸแŸ‡ แž˜แžปแž“แž–แŸแž›แž›แŸ„แž€แžขแŸ’แž“แž€แž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž€แŸ’แž“แžปแž„แž‚แž˜แŸ’แžšแŸ„แž„แž–แžธแž‚แž˜แŸ’แžšแŸ„แž„แžŽแžถแž˜แžฝแž™แž›แŸ„แž€แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแžแŸ‚แž”แŸ’แžšแžถแž€แžŠแžแžถ แžขแŸ’แž“แž€แž˜แžถแž“แž‚แŸ„แž›แž”แŸ†แžŽแž„แž…แž„แŸ‹แž‘แžทแž‰แž‘แžปแž€แž›แž€แŸ‹แž™แž€แž…แŸ†แžŽแŸแž‰ แžฌแžขแŸ’แž“แž€แž˜แžทแž“แž˜แžถแž“แž‘แžนแž€แž”แŸ’แžšแžถแž€แŸ‹แž‚แŸ’แžšแž”แŸ‹ แž‚แŸ’แžšแžถแž“แŸ‹แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž”แž„แŸ‹แž•แŸ’แžแžถแž…แŸ‹แž•แŸ’แž‘แŸ‡แž‘แžถแŸ†แž„แž˜แžผแž›แŸ”แž€แžถแžšแž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž€แŸ’แž“แžปแž„แž‚แž˜แŸ’แžšแŸ„แž„แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแž–แžทแž“แžทแžแŸ’แž™แž›แž€แŸ’แžแžแžŽแŸ’แžŒแžŽแŸ‚แž“แžถแŸ†แžŠแžผแž…แžแžถแž„แž€แŸ’แžšแŸ„แž˜แŸ–(แž‚แž˜แŸ’แžšแŸ„แž„ Huangshan International แž‡แžถแž‚แž˜แŸ’แžšแŸ„แž„แž›แŸ†แžŠแžถแž”แŸ‹แžแŸ’แž–แžŸแŸ‹แž“แŸ…แžแŸ†แž”แž“แŸ‹แž‘แž“แŸ’แž›แŸแž”แžถแžŸแžถแž€แŸ‹)แŸก) แž˜แžปแž“แž–แŸแž›แžขแŸ’แž“แž€แž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž–แžธแž‚แž˜แŸ’แžšแŸ„แž„แžŽแžถแž˜แžฝแž™ แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแžŸแŸ’แž‚แžถแž›แŸ‹แž‚แž˜แŸ’แžšแŸ„แž„แž“แŸ„แŸ‡แžฒแŸ’แž™แž…แŸ’แž”แžถแžŸแŸ‹แž‡แžถแž˜แžปแž“ แžฌแžŸแŸ’แž‚แžถแž›แŸ‹แžŸแžœแžแžถแžšแž”แžŸแŸ‹แžขแŸ’แž“แž€แžขแž—แžทแžœแžŒแŸ’แžแž“แŸแž‚แž˜แŸ’แžšแŸ„แž„แž‡แžถแž˜แžปแž“แžŸแžทแž“ แž‡แŸ€แžŸแžœแžถแž„แž‘แžทแž‰แž…แŸ†แž‚แž˜แŸ’แžšแŸ„แž„แžแŸ’แž™แž›แŸ‹ แžฌแž‚แž˜แŸ’แžšแŸ„แž„แžŠแŸ‚แž›แž˜แžทแž“แž˜แžถแž“แž›แžปแž™แž‚แŸ’แžšแž”แŸ‹แž‚แŸ’แžšแžถแž“แŸ‹แžŠแžพแž˜แŸ’แž”แžธแž”แž‰แŸ’แž…แž”แŸ‹แž‚แž˜แŸ’แžšแŸ„แž„แŸ” แž€แŸ’แžšแŸ…แž–แžธแž“แŸแŸ‡แžแŸ’แžšแžผแžœแž˜แžพแž›แžแžถแžแžพ แž‚แž˜แŸ’แžšแŸ„แž„แž˜แžถแž“แž—แžถแž–แž…แŸ’แž”แžถแžŸแŸ‹แž›แžถแžŸแŸ‹แžŸแŸ’แžšแž”แž…แŸ’แž”แžถแž”แŸ‹ แž˜แžถแž“แžŸแž€แŸ’แžแžถแž“แžปแž–แž› แž“แžทแž„แžŸแŸ’แžแžทแžแž“แŸ…แž€แŸ’แž“แžปแž„แž‘แžธแžแžถแŸ†แž„แž›แŸ’แžข (แžแŸ†แž”แž“แŸ‹แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“ แžฌแžแŸ†แž”แž“แŸ‹แž–แžถแžŽแžทแž‡แŸ’แž‡แž€แž˜แŸ’แž˜) แžŠแŸ‚แž›แžฌแž‘แŸ? แž…แŸ†แžŽแžปแž…แž“แŸแŸ‡แžขแŸ’แž“แž€แžขแžถแž…แž–แžนแž„แž–แžถแž€แŸ‹แž˜แŸแž’แžถแžœแžธ แžฌแžขแŸ’แž“แž€แž…แŸ’แž”แžถแž”แŸ‹ แžฌแž—แŸ’แž“แžถแž€แŸ‹แž„แžถแžšแžฒแŸ’แž™แž‡แžฝแž™แž•แŸ’แžแž›แŸ‹แž™แŸ„แž”แž›แŸ‹แž›แžพแž€แžถแžšแž‘แžทแž‰แžšแž”แžŸแŸ‹แžขแŸ’แž“แž€ แžแžถแžแžพแžขแŸ’แž“แž€แžขแž—แžทแžœแžŒแŸ’แžแž“แŸ แž“แžทแž„แž‚แž˜แŸ’แžšแŸ„แž„แž˜แžฝแž™แž แŸ’แž“แžนแž„แž‚แžฝแžšแž‘แžทแž‰ แžฌแžขแžแŸ‹? แž‡แžฟแž‡แžถแž€แŸ‹แž”แžถแž“ แžฌแž˜แžทแž“แž”แžถแž“?แŸข) แžŠแžพแž˜แŸ’แž”แžธแž‡แŸ€แžŸแžœแžถแž„แž”แž‰แŸ’แž แžถแžแžถแž„แž›แžพ แž›แŸ„แž€แžขแŸ’แž“แž€แž‚แžฝแžšแžŸแŸ’แžœแŸ‚แž„แžšแž€แžขแŸ’แž“แž€แž‡แŸ†แž“แžถแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŠแžพแž˜แŸ’แž”แžธแžฒแŸ’แž™แž‡แžฝแž™แž–แžทแž‚แŸ’แžšแŸ„แŸ‡แž™แŸ„แž”แž›แŸ‹ แžแžถแžแžพแž‚แžฝแžšแž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž˜แžฝแž™แžŽแžถ? แž”แŸ’แžšแž—แŸแž‘แžŽแžถ? แž‘แžธแžแžถแŸ†แž„แžŽแžถ? แžแž˜แŸ’แž›แŸƒแž”แŸ‰แžปแž“แŸ’แž˜แžถแž“? แžŸแžถแž€แžŸแž˜แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž€แžถแžšแžšแžŸแŸ‹แž“แŸ… แžฌแž€แžถแžšแž”แŸ’แžšแž€แž”แžขแžถแž‡แžธแžœแž€แž˜แŸ’แž˜แž‡แžถแžŠแžพแž˜? แž‘แŸ„แŸ‡แž‡แžถแž™แŸ‰แžถแž„แžŽแžถ แž”แŸ’แžšแžŸแžทแž“แž”แžพแžขแŸ’แž“แž€ แž˜แžถแž“แž…แŸ†แžŽแŸแŸ‡แžŠแžนแž„ แž“แžทแž„แž’แŸ’แž›แžถแž”แŸ‹แž†แŸ’แž›แž„แž€แžถแžแŸ‹แž”แž‘แž–แžทแžŸแŸ„แž’แž“แŸแž‘แžถแŸ†แž„แž“แŸแŸ‡ แžขแŸ’แž“แž€แžขแžถแž…แž’แŸ’แžœแžพแž”แžถแž“แžŠแŸ„แž™แžแŸ’แž›แžฝแž“แžฏแž„แŸ”แŸฃ) แž–แžทแž“แžทแžแŸ’แž™แž˜แžพแž›แž•แŸ’แž›แžผแžœแž…แŸ’แž”แžถแž”แŸ‹ แž“แžทแž„แžฏแž€แžŸแžถแžšแž–แžถแž€แŸ‹แž–แŸแž“แŸ’แž’แž“แŸƒแž€แžถแžšแžขแž—แžทแžœแžŒแŸ’แžแž‚แž˜แŸ’แžšแŸ„แž„แŸ– แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแžŸแžถแž€แžŸแžฝแžš แžšแž€แž–แŸแžแŸŒแž˜แžถแž“แžฒแŸ’แž™แž…แŸ’แž”แžถแžŸแŸ‹แž›แžถแžŸแŸ‹แž–แžธแž€แžถแžšแžขแž—แžทแžœแžŒแŸ’แžแž‚แž˜แŸ’แžšแŸ„แž„แž“แŸ„แŸ‡ แžแžถแžแžพแžœแžถแžŸแŸ’แžšแž”แž…แŸ’แž”แžถแž”แŸ‹แž แžพแž™แžฌแž“แŸ…? แž˜แžถแž“แž…แŸ’แž”แžถแž”แŸ‹แžŸแžถแž„แžŸแž„แŸ‹ แžฌแž›แžทแžแžทแžแžขแž“แžปแž‰แŸ’แž‰แžถแžแž–แžธแžขแžถแž‡แŸ’แž‰แžถแž’แžš แžฌแžŸแŸ’แžแžถแž”แŸแž“แž–แžถแž€แŸ‹แž–แŸแž“แŸ’แž’แž‘แŸ? แž”แŸ’แžšแžŸแžทแž“แž”แžพแž˜แžถแž“ แž‘แžพแž”แž›แŸ„แž€แžขแŸ’แž“แž€แž‚แžฝแžšแž–แžทแž…แžถแžšแžŽแžถแž€แŸ’แž“แžปแž„แž€แžถแžšแž‘แžทแž‰แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“แž–แžธแž‚แž˜แŸ’แžšแŸ„แž„แž“แŸ„แŸ‡ แŸ”แŸค) แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถ แžฌแžšแž™แŸˆแž–แŸแž›แžŸแžถแž„แžŸแž„แŸ‹แŸ– แžœแžถแžŸแŸ†แžแžถแž“แŸ‹แžŽแžถแžŸแŸ‹ แž‚แŸ’แžšแž”แŸ‹แž–แŸแž›แžŠแŸ‚แž›แžขแŸ’แž“แž€แž‘แžทแž‰แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“ แž–แžธแž‚แž˜แŸ’แžšแŸ„แž„แžŽแžถแž˜แžฝแž™ แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแž˜แžถแž“แžŠแžถแž…แŸ‹แžแžถแžแž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแž‘แžทแž‰แž›แž€แŸ‹แž•แŸ’แž‘แŸ‡ แž แžพแž™แž€แŸ’แž“แžปแž„แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแž“แŸแŸ‡แž˜แžถแž“แž…แŸ‚แž„แž–แžธแžšแž™แŸˆแž–แŸแž›แžŸแžถแž„แžŸแž„แŸ‹แž™แŸ‰แžถแž„แž…แŸ’แž”แžถแžŸแŸ‹แž›แžถแžŸแŸ‹แž‚แžทแžแž…แžถแž”แŸ‹แž–แžธแžแŸ’แž„แŸƒแžŠแŸ‚แž›แž…แžปแŸ‡แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแž‘แžทแž‰แž›แž€แŸ‹ (แž‡แžถแž‘แžผแž‘แŸ…แžœแžถแž˜แžถแž“แžšแž™แŸˆแž–แŸแž› แŸกแŸขแžแŸ‚ แž‘แŸ… แŸกแŸจแžแŸ‚)โ€‹แŸ” แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแž–แžทแž“แžทแžแŸ’แž™แž˜แžพแž›แžฏแž€แžŸแžถแžšแž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแž‘แžทแž‰แž›แž€แŸ‹ แžฒแŸ’แž™แž”แžถแž“แž…แŸ’แž”แžถแžŸแŸ‹แž›แžถแžŸแŸ‹แž–แžถแž€แŸ‹แž–แŸแž“แŸ’แž’แž‡แžถแž˜แžฝแž™แž‘แŸ†แž แŸ†แžŠแžธ แž‘แŸ†แž แŸ†แž•แŸ’แž‘แŸ‡ แž”แŸ’แžšแž—แŸแž‘แž•แŸ’แž‘แŸ‡ แžšแž™แŸˆแž–แŸแž›แžŸแžถแž„แžŸแž„แŸ‹ แžแž˜แŸ’แž›แŸƒแž‘แžทแž‰แž›แž€แŸ‹ แž“แžทแž„แž›แž€แŸ’แžแžแžŽแŸ’แžŒแž”แž„แŸ‹แž”แŸ’แžšแžถแž€แŸ‹ แž€แžถแžšแž–แžทแž“แŸแž™ แž“แžทแž„แž›แž€แŸ’แžแžแžŽแŸ’แžŒแžขแž“แžปแžœแžแŸ’แžแž•แŸ’แžŸแŸแž„แŸ—แžšแž”แžŸแŸ‹แžขแŸ’แž“แž€แž‘แžทแž‰แŸ”ย  แž›แž€แŸ’แžแžแžŽแŸ’แžŒ แžขแž—แžทแžœแžŒแŸ’แžแž‚แž˜แŸ’แžšแŸ„แž„แžแŸ’แžšแžผแžœแž˜แžถแž“แž”แŸ’แžšแž–แŸแž“แŸ’แž’แž•แŸ’แž›แžผแžœ แž”แŸ’แžšแž–แŸแž“แŸ’แž’แž›แžผแž”แž„แŸ’แž แžผแžšแž‘แžนแž€ แž”แŸ’แžšแž–แŸแž“แŸ’แž’แž—แŸ’แž›แžพแž„ แŸ”แž›แŸ” แž‡แžถแž–แžทแžŸแŸแžŸแžขแŸ’แž“แž€แžแŸ’แžšแžผแžœ แž”แŸ’แžšแž™แŸแžแŸ’แž“แž€แŸ’แž“แžปแž„แž€แžšแžŽแžธแžŠแŸ‚แž›แžขแŸ’แž“แž€แž”แž„แŸ‹แž”แŸ’แžšแžถแž€แŸ‹แž™แžบแžแž™แŸ‰แžถแžœ แžแŸ’แžšแžผแžœแž˜แŸ’แž…แžถแžŸแŸ‹แž‚แž˜แŸ’แžšแŸ„แž„แž™แž€แž›แŸแžŸแžŠแž€แž™แž€แž•แŸ’แž‘แŸ‡แžœแžทแž‰ แž แžพแž™แž•แŸ’แžแžถแž…แŸ‹แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแŸ”แŸฅ) แž”แŸแžŽแŸ’แžŽแž€แž˜แŸ’แž˜แžŸแžทแž‘แŸ’แž’แžทแŸ– แžฅแžกแžผแžœแž“แŸแŸ‡ แž”แžพแžขแŸ’แž“แž€แž‘แžทแž‰แž•แŸ’แž‘แŸ‡ แž‚แžฝแžšแžแŸ‚แž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž–แžธแž‚แž˜แŸ’แžšแŸ„แž„แžŽแžถแž˜แžฝแž™ แžŠแŸ‚แž›แž˜แžถแž“แž”แŸ’แž›แž„แŸ‹แžšแžนแž„ แž แžพแž™แž–แŸแž›แž€แžถแžแŸ‹แž”แŸ’แž›แž„แŸ‹แž”แŸ†แž”แŸ‚แž€แž€แŸ’แž”แžถแž›แžŠแžธแž‡แžผแž“แžขแŸ’แž“แž€แž‘แžทแž‰แž€แŸแž€แžถแžแŸ‹แž‡แžถแž”แŸ’แž›แž„แŸ‹แžšแžนแž„แžŠแŸ‚แžš (แž”แŸ’แž›แž„แŸ‹แž”แŸ†แž”แŸ‚แž€แž€แŸ’แž”แžถแž›แžŠแžธ แž˜แžทแž“แž˜แŸ‚แž“ แžแŸ’แžšแžนแž˜แžƒแžปแŸ†แžŸแž„แŸ’แž€แžถแžแŸ‹ แžฌแžแžŽแŸ’แžŒแž“แŸ„แŸ‡แž‘แŸ)แŸ” แž€แŸ’แž“แžปแž„แž€แžšแžŽแžธแž˜แžถแž“แžแŸ’แžšแžนแž˜แž”แŸ’แž›แž„แŸ‹แž‘แž“แŸ‹ แžขแŸ’แž“แž€แž˜แžทแž“แž‚แžฝแžšแž‘แžทแž‰แžœแžถแž‘แŸ แž–แŸ’แžšแŸ„แŸ‡แž“แžนแž„แžขแžถแž…แž‡แžฝแž”แž”แž‰แŸ’แž แžถแŸ”แŸฆ) แž•แŸ’แž‘แŸ‡แž‚แž˜แŸ’แžšแžผแŸ– แžœแžถแž…แžถแŸ†แž”แžถแž…แŸ‹แžŽแžถแžŸแŸ‹แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž‚แž˜แŸ’แžšแŸ„แž„ แžŠแŸ‚แž›แž›แŸ„แž€แžขแŸ’แž“แž€แž…แž„แŸ‹แž‘แžทแž‰แžแŸ’แžšแžผแžœแžแŸ‚แž˜แžถแž“แž•แŸ’แž‘แŸ‡แž‚แž˜แŸ’แžšแžผ แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž˜แžพแž›แžŠแžพแž˜แŸ’แž”แžธแžฒแŸ’แž™แžขแŸ’แž“แž€แž”แŸ’แžšแžถแž€แžŠแžแžถ แžขแŸ’แž“แž€แž–แŸแž‰แž…แžทแžแŸ’แž แžฌแžขแžแŸ‹? แž“แŸแŸ‡แžšแžฝแž˜แž‘แžถแŸ†แž„แž‚แžปแžŽแž—แžถแž–แžŸแŸ†แžŽแž„แŸ‹ แž”แŸ’แžšแž—แŸแž‘แž•แŸ’แž‘แŸ‡ แž€แžถแžšแžšแž…แž“แžถแž˜แŸ‰แžผแžŠแžแžถแž„แž€แŸ’แžšแŸ… แž“แžทแž„แžแžถแž„แž€แŸ’แž“แžปแž„แŸ” แž“แŸ…แž–แŸแž›แž›แŸ„แž€แžขแŸ’แž“แž€แž˜แžพแž›แž•แŸ’แž‘แŸ‡แž‚แž˜แŸ’แžšแžผ แž แžพแž™แžขแŸ’แž“แž€แž–แŸแž‰แž…แžทแžแŸ’แž แž‘แžพแž”แžขแŸ’แž“แž€แžŸแž˜แŸ’แžšแŸแž…แž…แžทแžแŸ’แžแž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž–แžธแž‚แž˜แŸ’แžšแŸ„แž„แž“แŸ„แŸ‡แŸ” แž”แŸ‰แžปแž“แŸ’แžแŸ‚แž”แžพแžขแŸ’แž“แž€แž˜แžทแž“แž”แžถแž“แžƒแžพแž‰ แž•แŸ’แž‘แŸ‡แž‚แž˜แŸ’แžšแžผแž‘แŸ แžœแžถแž”แŸ’แžšแž แŸ‚แž›แž‡แžถแž–แžทแž”แžถแž€แžŸแž˜แŸ’แžšแžถแž”แŸ‹แžขแŸ’แž“แž€แž€แŸ’แž“แžปแž„แž€แžถแžšแžŸแŸ’แžœแŸ‚แž„แžšแž€แž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž€แŸ’แž“แžปแž„แž€แŸ’แžŠแžธแžŸแžปแž”แžทแž“แŸ”แž€แžถแžšแž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž›แž€แŸ‹แž”แž“แŸ’แž (Buying a Resale Property)แŸ–(แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“แžŸแžถแž„แžŸแž„แŸ‹แžšแžฝแž…แž€แŸ’แž“แžปแž„แž”แžปแžšแžธแž€แŸ’แž“แž„แžแžŽแŸ’แžŒแž‡แŸ’แžšแŸ„แž™แž…แž„แŸ’แžœแžถแžš)แž€แžถแžšแž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŠแŸ‚แž›แžŠแžถแž€แŸ‹แž›แž€แŸ‹แž”แž“แŸ’แž แž‚แžบแž‡แžถแž‚แžปแžŽแžŸแž˜แŸ’แž”แžแŸ’แžแžทแž›แŸ’แžขแž˜แžฝแž™แžŸแž˜แŸ’แžšแžถแž”แŸ‹แžขแŸ’แž“แž€แž‘แžทแž‰ แž–แŸ’แžšแŸ„แŸ‡แžแžถ แž€แžถแžšแž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž”แŸ’แžšแž—แŸแž‘แž“แŸแŸ‡ แžขแŸ’แž“แž€แž˜แžทแž“แž…แžถแŸ†แž”แžถแž…แŸ‹แžšแž„แŸ‹แž…แžถแŸ† แž–แŸ„แž›แž‚แžบแž‘แžทแž‰แž—แŸ’แž›แžถแž˜แž”แžถแž“แž…แžผแž›แž“แŸ…แž—แŸ’แž›แžถแž˜ แž“แžทแž„แž€แžถแž“แŸ‹แž€แžถแž”แŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž€แŸ’แž“แžปแž„แžŸแžปแž”แžทแž“แŸ’แžแžšแž”แžŸแŸ‹แžขแŸ’แž“แž€แžŠแŸ„แž™แžŸแŸ’แžšแž”แž…แŸ’แž”แžถแž”แŸ‹แž—แŸ’แž›แžถแž˜แŸ—แŸ”ย แž‡แžถแž€แžถแžšแžŽแŸ‚แž“แžถแŸ† แž†แŸ’แž›แž„แŸ‹แž€แžถแžแŸ‹แžแžถแž˜แž”แž‘แž–แžทแžŸแŸ„แž’แž“แŸ แž“แžทแž„แž€แžถแžšแžขแž“แžปแžœแžแŸ’แžแž‡แžถแž€แŸ‹แžŸแŸ’แžแŸ‚แž„ แž˜แžปแž“แžขแŸ’แž“แž€แžŸแž˜แŸ’แžšแŸแž…แž…แžทแžแŸ’แžแž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŽแžถแž˜แžฝแž™ (แž”แŸ’แžšแž—แŸแž‘แž•แŸ’แž‘แŸ‡แžŠแžถแž€แŸ‹แž›แž€แŸ‹แž”แž“แŸ’แž) แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแžขแž“แžปแžœแžแŸ’แžแžแžถแž˜ แž€แžถแžšแžŽแŸ‚แž“แžถแŸ† แž‡แžถแž‡แŸ†แž แžถแž“แŸ—แžŠแžผแž…แžแžถแž„แž€แŸ’แžšแŸ„แž˜แŸ–แŸก) แž–แžทแž“แžทแžแŸ’แž™แž•แŸ’แž“แŸ‚แž€แž•แŸ’แž›แžผแžœแž…แŸ’แž”แžถแž”แŸ‹ แžœแžถแž˜แžถแž“แžŸแžถแžšแŸˆแžŸแŸ†แžแžถแž“แŸ‹แžŽแžถแžŸแŸ‹แžŸแž˜แŸ’แžšแžถแž”แŸ‹แžขแŸ’แž“แž€แž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž‚แŸ’แžšแž”แŸ‹แž”แŸ’แžšแž—แŸแž‘ แž‘แŸ„แŸ‡แž‡แžถแž”แŸ’แžšแž—แŸแž‘แžŠแžธแž‘แž‘แŸแžš แžฌแžŠแžธแž˜แžถแž“แžŸแŸ†แžŽแž„แŸ‹ (แž•แŸ’แž‘แŸ‡) แžแžปแž“แžŠแžผ แžŸแžŽแŸ’แž‹แžถแž‚แžถแžš แžฌแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŽแžถแž˜แžฝแž™แž€แŸแžŠแŸ„แž™ แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแžแŸ‚แžŸแžทแž€แŸ’แžŸแžถแžŸแŸ’แžšแžถแžœแž‡แŸ’แžšแžถแžœแž‡แžถแž˜แžปแž“แžŠแžพแž˜แŸ’แž”แžธแž”แŸ’แžšแžถแž€แžŠแžแžถ แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸ„แŸ‡แž˜แžถแž“แž—แžถแž–แžŸแŸ’แžšแž”แž…แŸ’แž”แžถแž”แŸ‹ แžขแžถแž…แž›แž€แŸ‹ แž“แžทแž„แž‘แžทแž‰แž”แžถแž“ แžŠแŸ„แž™แž˜แžทแž“แž˜แžถแž“แž”แž‰แŸ’แž แžถ แžฌแžœแžทแžœแžถแž‘แž•แŸ’แž›แžผแžœแž…แŸ’แž”แžถแž”แŸ‹แžŽแžถแž˜แžฝแž™แž“แŸ„แŸ‡แž‘แŸแŸ”แž€แžถแžšแž–แžทแž“แžทแžแŸ’แž™แž•แŸ’แž›แžผแžœแž…แŸ’แž”แžถแž”แŸ‹แž‚แžบแžแŸ’แžšแžผแžœแž”แžถแž“แž’แŸ’แžœแžพแžกแžพแž„แž€แŸ’แž“แžปแž„แž‚แŸ„แž›แž”แŸ†แžŽแž„แž…แž˜แŸ’แž”แž„แŸฃแžŸแŸ†แžแžถแž“แŸ‹แŸ—แŸ–แž€แŸ†แžŽแžแŸ‹แžขแžแŸ’แžแžŸแž‰แŸ’แž‰แžถแžŽแžšแž”แžŸแŸ‹แž˜แŸ’แž…แžถแžŸแŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŠแŸ‚แž›แž›แž€แŸ‹แž”แž“แŸ’แžแž“แŸ„แŸ‡ แžแžถแžแžพแž‚แžถแžแŸ‹แž–แžทแžแž‡แžถแž˜แŸ’แž…แžถแžŸแŸ‹ แž–แžทแžแž”แŸ’แžšแžถแž€แžŠแž“แžทแž„แž‡แžถแž˜แŸ’แž…แžถแžŸแŸ‹แžŸแŸ’แžšแž”แž…แŸ’แž”แžถแž”แŸ‹แžŠแŸ‚แžšแžฌแž‘แŸ? แž“แžทแž„แžŠแžพแž˜แŸ’แž”แžธแž€แŸ†แžŽแžแŸ‹แž–แžธแž”แŸ’แžšแžœแžแŸ’แžแžทแž“แŸƒแž€แžถแžšแž€แžถแž“แŸ‹แž€แžถแž”แŸ‹ แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แžแžถแŸ†แž„แž–แžธแž˜แŸ’แž…แžถแžŸแŸ‹แžŠแŸ†แž”แžผแž„แžšแž แžผแžแžŠแž›แŸ‹แž˜แŸ’แž…แžถแžŸแŸ‹แžŠแŸ‚แž›แž›แž€แŸ‹แž”แž“แŸ’แžแž“แŸแŸ‡ แžแžพแž˜แžถแž“แž€แžถแžšแž‘แžทแž‰แž›แž€แŸ‹ แž”แŸ‰แžปแž“แŸ’แž˜แžถแž“แžŠแž„ย  แž แžพแž™แž˜แžถแž“แž”แŸ’แžšแžœแžแŸ’แžแžทแž“แŸƒแž€แžถแžšแž€แžถแž“แŸ‹แž€แžถแž”แŸ‹แž™แŸ‰แžถแž„แžŽแžถแžแŸ’แž›แŸ‡? แž แžพแž™แž€แŸ’แž“แžปแž„แž“แŸแŸ‡แžŠแŸ‚แžš แžขแŸ’แž“แž€แž€แŸแžขแžถแž…แžŸแžทแž€แŸ’แžŸแžถแž–แžธแž”แŸ’แžšแžœแžแŸ’แžแžทแž“แŸƒแž€แžถแžšแž”แž„แŸ‹แž–แž“แŸ’แž’แž‡แžผแž“แžšแžŠแŸ’แž‹แž€แžšแžŽแžธแžŠแžธแž‘แŸ†แž“แŸแžšแž˜แžทแž“แž”แŸ’แžšแžพแž”แŸ’แžšแžถแžŸแŸ‹ แž–แž“แŸ’แž’แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž”แŸ’แžšแž…แžถแŸ†แž†แŸ’แž“แžถแŸ† แž–แž“แŸ’แž’แž”แŸ’แžšแžแžถแž”แŸ‹แžแŸ’แžšแžถ แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž€แžถแžšแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžทแž–แžธแž˜แžปแž“แŸ— แŸ”แž›แŸ” แž‡แžถแž˜แžฝแž™แž‚แŸ’แž“แžถแž“แŸแŸ‡แžŠแŸ‚แžš แž›แŸ„แž€แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแž–แžทแž“แžทแžแŸ’แž™แž˜แžพแž›แžฏแž€แžŸแžถแžšแž–แžถแž€แŸ‹แž–แŸแž“แŸ’แž’แž“แžนแž„แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แžŠแŸ‚แž›แžŠแžถแž€แŸ‹แž›แž€แŸ‹แž”แž“แŸ’แžแž“แŸ„แŸ‡ แž–แžทแžŸแŸแžŸแž‚แžบแžฏแž€แžŸแžถแžšแž€แžถแž“แŸ‹แž€แžถแž”แŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸ„แŸ‡ แžฌแžฏแž€แžŸแžถแžšแž”แž‰แŸ’แž‡แžถแž€แŸ‹แž–แžธแž€แž˜แŸ’แž˜แžŸแžทแž‘แŸ’แž’แžทแžŸแŸ’แžšแž”แž…แŸ’แž”แžถแž”แŸ‹แž“แŸƒแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แž˜แžถแž“แžŠแžผแž…แž‡แžถ แž”แŸแžŽแŸ’แžŽแžŸแž˜แŸ’แž‚แžถแž›แŸ‹แžŸแžทแž‘แŸ’แž’แžทแž€แžถแž“แŸ‹แž€แžถแž”แŸ‹แž”แŸ’แžšแžพแž”แŸ’แžšแžถแžŸแŸ‹แžŠแžธแž’แŸ’แž›แžธ แž”แŸแžŽแŸ’แžŽแžŸแž˜แŸ’แž‚แžถแž›แŸ‹แžŸแžทแž‘แŸ’แž’แžทแž€แžถแž“แŸ‹แž€แžถแž”แŸ‹แžขแž…แž›แž“แžœแžแŸ’แžแžปโ€‹ แžฌแžœแžทแž‰แŸ’แž‰แžถแž”แž“แž”แžแŸ’แžšแžŸแž˜แŸ’แž‚แžถแž›แŸ‹แž˜แŸ’แž…แžถแžŸแŸ‹แžขแž…แž›แž“แžœแžแŸ’แžแžป แžฌแžฏแž€แžŸแžถแžšแž”แŸ’แž›แž„แŸ‹แž‘แž“แŸ‹ แž˜แžถแž“แžŠแžผแž…แž‡แžถ แž›แžทแžแžทแžแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžทแž€แžถแž“แŸ‹แž€แžถแž”แŸ‹แž”แŸ’แžšแžพแž”แŸ’แžšแžถแžŸแŸ‹แžŠแžธแž’แŸ’แž›แžธ แž“แžทแž„แž•แŸ’แž‘แŸ‡ แž‡แžถแžŠแžพแž˜ แž“แžทแž„แžฏแž€แžŸแžถแžšแž‘แžทแž‰แž›แž€แŸ‹ แžฌแžฏแž€แžŸแžถแžšแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžทแž•แŸ’แžŸแŸแž„แŸ— แž”แžถแž“แž‘แžทแž‰แž–แžธแž˜แŸ’แž…แžถแžŸแŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŠแžพแž˜ แžฌแž˜แŸ’แž…แžถแžŸแŸ‹แž‚แž˜แŸ’แžšแŸ„แž„แžŽแžถแž˜แžฝแž™ แž”แžผแž€แžšแžฝแž˜แž“แžนแž„แžฏแž€แžŸแžถแžšแž”แž‰แŸ’แž‡แžถแž€แŸ‹แž–แžธแž€แžถแžšแž”แž„แŸ‹แž–แž“แŸ’แž’แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ (แž–แž“แŸ’แž’แž”แŸ’แžšแžแžถแž”แŸ‹แžแŸ’แžšแžถ แžฌแž–แž“แŸ’แž’แž›แžพแž€แžถแžšแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžทแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™) แž–แžธแž˜แŸ’แž…แžถแžŸแŸ‹แžŠแžพแž˜แž˜แž€แžขแŸ’แž“แž€แž›แž€แŸ‹แž”แž“แŸ’แžแž“แŸแŸ‡แŸ”ย แž”แž‰แŸ’แž‡แžถแž€แŸ‹แŸ– แžฏแž€แžŸแžถแžšแž‘แžถแŸ†แž„แž“แŸ„แŸ‡แžแŸ’แžšแžผแžœแžแŸ‚แž‡แžถแžฏแž€แžŸแžถแžšแžŠแžพแž˜ (แž˜แžทแž“แž˜แŸ‚แž“แž‡แžถแžฏแž€แžŸแžถแžšแžแžแž…แž˜แŸ’แž›แž„)แŸ”แž€แŸ†แžŽแžแŸ‹ แžฌแžŸแŸ’แžœแŸ‚แž„แžšแž€แžฒแŸ’แž™แžƒแžพแž‰แž”แž‰แŸ’แž แžถแžœแžทแžœแžถแž‘แž•แŸ’แžŸแŸแž„แŸ—แž“แŸ…แž›แžพแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŠแŸ‚แž›แž›แž€แŸ‹แž”แž“แŸ’แžแž“แŸ„แŸ‡แŸ– แžแŸ’แžšแžผแžœแžŠแžนแž„แžแžถ แžแžพแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž€แŸ†แž–แžปแž„แž˜แžถแž“แžœแžทแžœแžถแž‘แž€แžพแžแžกแžพแž„แžŠแŸ‚แžšแžฌแž‘แŸ แžŠแžผแž…แž‡แžถแž˜แžถแž“แž€แžถแžšแžˆแŸ’แž›แŸ„แŸ‡แžŠแžŽแŸ’แžแžพแž˜แž€แŸแžš แž˜แžถแž“แžŠแžธแž€แžถแž แžถแž˜แžƒแžถแžแŸ‹แžšแž”แžŸแŸ‹แžแžปแž›แžถแž€แžถแžš แžŠแžธแž€แžถแžšแž€แŸ’แžŸแžถแž€แžถแžšแž–แžถแžš แžฌแž”แžŽแŸ’แžแžนแž„แž‡แŸ†แž‘แžถแžŸแŸ‹แž˜แžทแž“แžฒแŸ’แž™แž˜แžถแž“แž€แžถแžšแž›แž€แŸ‹แžŠแžผแžš แž“แžทแž„แž•แŸ’แž‘แŸแžšแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸแŸ‡แž–แžธแžแžแžทแž™แž‡แž“แžŽแžถแž˜แžฝแž™ แžŠแŸ‚แž›แž‘แž‘แžฝแž›แžŸแŸ’แž‚แžถแž›แŸ‹แžŠแŸ„แž™แž…แŸ’แž”แžถแž”แŸ‹แž‡แžถแžŠแžพแž˜แŸ”แž€แŸ†แžŽแžแŸ‹ แžฌแžŸแŸ’แžœแŸ‚แž„แžšแž€แžฒแŸ’แž™แžƒแžพแž‰แž“แžผแžœแž”แž“แŸ’แž‘แžปแž€แž›แžพแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แž˜แžถแž“แžŠแžผแž…แž‡แžถ แž‡แžถแž”แŸ‹แžŠแžถแž€แŸ‹แž”แž‰แŸ’แž…แžถแŸ†แž“แŸ…แž’แž“แžถแž‚แžถแžš แžแŸ’แž…แžธแž”แŸ’แžšแžถแž€แŸ‹แž–แžธแž’แž“แžถแž‚แžถแžš แžฌแž‚แŸ’แžšแžนแŸ‡แžŸแŸ’แžแžถแž“แž˜แžธแž€แŸ’แžšแžผแž แžทแžšแž‰แŸ’แž‰แžœแžแŸ’แžแžปแžŽแžถแž˜แžฝแž™ แžฌแž‡แžถแž”แŸ‹แžแŸ’แž…แžธแž”แŸ’แžšแžถแž€แŸ‹แž–แžธแžŸแŸ’แžแžถแž”แŸแž“ แžฌแž”แžปแž‚แŸ’แž‚แž›แžฏแž€แž‡แž“แžŽแžถแž˜แžฝแž™ แžŠแŸ„แž™แž”แžถแž“แž™แž€แž”แŸ’แž›แž„แŸ‹แž€แž˜แŸ’แž˜แžŸแžทแž‘แŸ’แž’แžท แžŠแŸ‚แž›แžŠแžถแž€แŸ‹แž›แž€แŸ‹แž”แž“แŸ’แžแž“แŸ„แŸ‡แž‘แŸ…แžŠแžถแž€แŸ‹แž’แžถแž“แžถแž€แž˜แŸ’แž…แžธ แž‡แžถแžŠแžพแž˜แŸ” แž”แžพแžšแž€แžƒแžพแž‰แž€แžšแžŽแžธแž“แŸแŸ‡ แžขแŸ’แž“แž€แž˜แžทแž“แžแŸ’แžšแžผแžœแž‘แžทแž‰แž“แŸ„แŸ‡แž‘แŸ แžœแžถแž“แžนแž„แž“แžถแŸ†แžฒแŸ’แž™แž˜แžถแž“แž”แž‰แŸ’แž แžถแžแŸ’แž„แŸƒแž˜แžปแž แž”แŸ‰แžปแž“แŸ’แžแŸ‚แž”แŸ’แžšแžŸแžทแž“แž”แžพแžขแŸ’แž“แž€แž…แž„แŸ‹แž‘แžทแž‰ แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแžแŸ‚แžŠแŸ„แŸ‡แžŸแŸ’แžšแžถแž™แž”แž‰แŸ’แž แžถแž“แŸ„แŸ‡แžฒแŸ’แž™แž…แž”แŸ‹แž‡แžถแž˜แžปแž“แžŸแžทแž“ (แž‚แžบแžแŸ’แžšแžผแžœแžŠแŸ„แŸ‡แž”แž“แŸ’แž‘แžปแž€แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸ„แŸ‡แžฒแŸ’แž™แž‡แŸ’แžšแŸ‡แžŸแŸ’แžšแžกแŸ‡แž‡แžถแž˜แžปแž“แžŸแžทแž“)แŸ”แŸข) แžŸแŸ’แžœแŸ‚แž„แžšแž€แžขแŸ’แž“แž€แž‡แŸ†แž“แžถแž‰แž•แŸ’แž“แŸ‚แž€แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™(แž‡แŸ’แžšแŸ„แž™แž…แž„แŸ’แžœแžถแžšแž‡แžถแžแŸ†แž”แž“แŸ‹แžŠแŸ‚แž›แž€แŸ†แž–แžปแž„แž˜แžถแž“แž€แžถแžšแžขแž—แžทแžœแžŒแŸ’แžแž“แŸแžแŸ’แž›แžถแŸ†แž„แŸ” แžŸแŸ’แžœแŸ‚แž„แž™แž›แŸ‹แž”แž“แŸ’แžแŸ‚แž˜แžขแŸ†แž–แžธแžแŸ†แž”แž“แŸ‹แž‡แŸ’แžšแŸ„แž™แž…แž„แŸ’แžœแžถแžš แžŸแžผแž˜แž…แžปแž…แžแŸ’แžšแž„แŸ‹แž“แŸแŸ‡แŸ” )แžขแŸ’แž“แž€แž‡แŸ†แž“แžถแž‰แž•แŸ’แž“แŸ‚แž€แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžขแžถแž…แž‡แžฝแž™แž–แžทแž‚แŸ’แžšแŸ„แŸ‡แž™แŸ„แž”แž›แŸ‹ แž“แžทแž„แžœแžถแž™แžแž˜แŸ’แž›แŸƒแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŠแžพแž˜แŸ’แž”แžธแžฒแŸ’แž™แžขแŸ’แž“แž€ แžขแžถแž…แžŠแžนแž„แž–แžธแžแž˜แŸ’แž›แŸƒแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸ…แž›แžพแž‘แžธแž•แŸ’แžŸแžถแžšแžŠแŸ‚แž›แžขแžถแž…แž‘แž‘แžฝแž›แž™แž€แž”แžถแž“แŸ” แžขแŸ’แž“แž€แž‡แŸ†แž“แžถแž‰แžขแžถแž…แž‡แžฝแž™แž”แŸ’แžšแžนแž€แŸ’แžŸแžถ 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แžŠแŸ†แžŽแžถแž€แŸ‹แž€แžถแž›แžšแŸ€แž”แž…แŸ†แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแž‘แžทแž‰แž›แž€แŸ‹แž“แŸแŸ‡แž‡แžถแžŠแŸ†แžŽแžถแž€แŸ‹แž€แžถแž›แžŸแŸ†แžแžถแž“แŸ‹แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž‘แžถแŸ†แž„แžขแŸ’แž“แž€แž›แž€แŸ‹ แž“แžทแž„แžขแŸ’แž“แž€แž‘แžทแž‰ แžŠแŸ„แž™แž—แžถแž‚แžธแžแŸ’แžšแžผแžœแž‡แžฝแž”แž…แž…แžถแžšแž‚แŸ’แž“แžถแž™แŸ‰แžถแž„แž แŸ’แž˜แžแŸ‹แž…แžแŸ‹แž‘แŸ…แž›แžพแžแž˜แŸ’แž›แŸƒแž‘แžทแž‰แž›แž€แŸ‹ แž›แž€แŸ’แžแžแžŽแŸ’แžŒแž”แž„แŸ‹แž”แŸ’แžšแžถแž€แŸ‹ แž€แžถแžแž–แŸ’แžœแž€แžทแž…แŸ’แž…แž•แŸ’แžŸแŸแž„แŸ—แžšแž”แžŸแŸ‹แž‚แžผแž—แžถแž‚แžธ แž€แžถแžšแž…แžปแŸ‡แž”แž‰แŸ’แž‡แžธแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แž€แžถแžšแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžท แž“แžทแž„แž€แžถแžšแž”แž„แŸ‹แž–แž“แŸ’แž’แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž‡แžถแžŠแžพแž˜ แžŠแžพแž˜แŸ’แž”แžธแžšแŸ€แž”แž…แŸ† แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแž‘แžทแž‰แž›แž€แŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž˜แžฝแž™แžฒแŸ’แž™แž”แžถแž“แžแŸ’แžšแžนแž˜แžแŸ’แžšแžผแžœ แž˜แžถแž“แžœแžทแž‡แŸ’แž‡แžถแž‡แžธแžœแŸˆ แž“แžทแž„แžขแžถแž…แž‘แž‘แžฝแž›แž™แž€แž”แžถแž“แž‘แžถแŸ†แž„แžŸแž„แžแžถแž„แŸ” แžŠแžพแž˜แŸ’แž”แžธแž‡แŸ€แžŸแžœแžถแž„แž”แž‰แŸ’แž แžถ แžขแŸ’แž“แž€แž‚แžฝแžšแžŸแŸ’แžœแŸ‚แž„แžšแž€แžŸแŸแžœแžถแž•แŸ’แž“แŸ‚แž€แž…แŸ’แž”แžถแž”แŸ‹ แžฌแž˜แŸแž’แžถแžœแžธ แžŠแžพแž˜แŸ’แž”แžธแžฒแŸ’แž™แž‡แžฝแž™แžšแŸ€แž”แž…แŸ†แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแž‘แžทแž‰แž›แž€แŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸแŸ‡ แž“แžทแž„แžฒแŸ’แž™แž˜แžถแž“แžขแŸ’แž“แž€แž‡แžฝแž™แž”แŸ’แžšแžนแž€แŸ’แžŸแžถแž™แŸ„แž”แž›แŸ‹แž›แžพแž€แžถแžšแž‘แžทแž‰แž›แž€แŸ‹ แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸแŸ‡แž•แž„แŸ”แŸฆ) ย  แž€แžถแžšแž…แžปแŸ‡แž”แž‰แŸ’แž‡แžธแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แž€แžถแžšแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžทแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แž“แžทแž„แž€แžถแžšแž”แž„แŸ‹แž–แž“แŸ’แž’แž“แŸแŸ‡แž‡แžถแžŠแŸ†แžŽแžถแž€แŸ‹แž€แžถแž›แžŸแŸ†แžแžถแž“แŸ‹แž˜แžฝแž™แžŠแŸ‚แžš แž€แŸ’แž“แžปแž„แžŠแŸ†แžŽแžพแžšแž€แžถแžšแž“แŸƒแž€แžถแžšแž‘แžทแž‰แž›แž€แŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แŸ” แž˜แžปแž“แž–แŸแž›แž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแž‡แž‡แŸ‚แž€แž‚แŸ’แž“แžถแž‡แžถแž˜แžปแž“แžแžถ แžแžพแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŠแŸ‚แž›แžแŸ’แžšแžผแžœแž‘แžทแž‰แž“แŸ„แŸ‡ แž‡แžถแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž”แŸ’แžšแž—แŸแž‘แž”แŸ’แž›แž„แŸ‹แžšแžนแž„ (แž…แžปแŸ‡แž”แž‰แŸ’แž‡แžธแžšแžฝแž…) แžฌแž”แŸ’แž›แž„แŸ‹แž‘แž“แŸ‹ (แž˜แžทแž“แž‘แžถแž“แŸ‹แž…แžปแŸ‡แž”แž‰แŸ’แž‡แžธ) แž แžพแž™แžแŸ’แžšแžผแžœแž‡แž‡แŸ‚แž€ แž“แžทแž„แž–แŸ’แžšแž˜แž–แŸ’แžšแŸ€แž„แž‚แŸ’แž“แžถแžฒแŸ’แž™แž…แŸ’แž”แžถแžŸแŸ‹แžแžถ แžแžพแž—แžถแž‚แžธแžŽแžถแž˜แžฝแž™แž‡แžถแžขแŸ’แž“แž€แž‘แž‘แžฝแž›แžแžปแžŸแžแŸ’แžšแžผแžœแžšแžแŸ‹แž€แžถแžšแž…แžปแŸ‡แž”แž‰แŸ’แž‡แžธ แžฌแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžทแž€แžถแžแŸ‹แžˆแŸ’แž˜แŸ„แŸ‡แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž–แžธแžขแŸ’แž“แž€แž›แž€แŸ‹แž˜แž€แžฒแŸ’แž™แžˆแŸ’แž˜แŸ„แŸ‡แžšแž”แžŸแŸ‹แžขแŸ’แž“แž€แž‘แžทแž‰ แž แžพแž™แž—แžถแž‚แžธแžŽแžถแž˜แžฝแž™แž‡แžถแžขแŸ’แž“แž€ แž‘แž‘แžฝแž›แž”แž“แŸ’แž‘แžปแž€แž”แž„แŸ‹แž–แž“แŸ’แž’แž›แžพแž€แžถแžšแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžท (แž–แž“แŸ’แž’แž”แŸ’แžšแžแžถแž”แŸ‹แžแŸ’แžšแžถ) แž‡แžถแžŠแžพแž˜ แŸ” แž—แžถแž‚แžธแžขแŸ’แž“แž€แž›แž€แŸ‹ แž“แžทแž„แžขแŸ’แž“แž€แž‘แžทแž‰แžแŸ’แžšแžผแžœ แž‡แž‡แŸ‚แž€แž‚แŸ’แž“แžถแžฒแŸ’แž™แž…แŸ’แž”แžถแžŸแŸ‹ แž“แžทแž„แžŸแžšแžŸแŸแžšแž…แžผแž›แž€แŸ’แž“แžปแž„แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแž‘แžทแž‰แž›แž€แŸ‹ แž‡แŸ€แžŸแžœแžถแž„แž€แžถแžšแž—แŸแž“แŸ’แžแž…แŸ’แžšแžกแŸ† แžฌแž”แŸ’แžšแž€แŸ‚แž€แž‚แŸ’แž“แžถ แž“แŸ…แž–แŸแž›แž€แŸ’แžšแŸ„แž™แŸ”แŸ” แž‡แžถแž‘แžผแž‘แŸ…แž€แžถแžšแž„แžถแžšแž…แžปแŸ‡แž”แž‰แŸ’แž‡แžธแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ (แž’แŸ’แžœแžพแž”แŸ’แž›แž„แŸ‹แžšแžนแž„) แž€แžถแžšแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžทแž€แžถแžแŸ‹แžˆแŸ’แž˜แŸ„แŸ‡ แž“แžทแž„แž€แžถแžšแž”แž„แŸ‹แž–แž“แŸ’แž’ แž‚แžบแž‡แžถแž€แžถแžšแž‘แž‘แžฝแž›แžแžปแžŸแžแŸ’แžšแžผแžœแž‘แžถแŸ†แž„แžŸแŸ’แžšแžปแž„แžšแž”แžŸแŸ‹แžขแŸ’แž“แž€แž›แž€แŸ‹ แžแžŽแŸˆแžŠแŸ‚แž›แž€แžถแžšแž”แž„แŸ‹แž–แž“แŸ’แž’แž”แŸ’แžšแžแžถแž”แŸ‹แžแŸ’แžšแžถ แž€แŸ’แž“แžปแž„แž…แŸ’แž”แžถแž”แŸ‹แž”แžถแž“แžŸแžšแžŸแŸแžšแž™แŸ‰แžถแž„แž…แŸ’แž”แžถแžŸแŸ‹แžแžถ แž‚แžบแžขแŸ’แž“แž€แž‘แžทแž‰แž‚แžบแž‡แžถแžขแŸ’แž“แž€แž‘แž‘แžฝแž›แž”แž“แŸ’แž‘แžปแž€ แžŠแŸ„แž™แžŸแžถแžšแžขแŸ’แž“แž€แž‘แžทแž‰แž‡แžถแžขแŸ’แž“แž€ แž‘แž‘แžฝแž›แž•แž›แž…แžปแž„แž€แŸ’แžšแŸ„แž™ แŸ” แž˜แŸ’แž™แŸ‰แžถแž„แžœแžทแž‰แž‘แŸ€แžแžŸแž˜แŸ’แžšแžถแž”แŸ‹แž€แžถแžšแžšแžแŸ‹แž€แžถแžšแž…แžปแŸ‡แž”แž‰แŸ’แž‡แžธ แžฌแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžทแž€แžถแžแŸ‹แžˆแŸ’แž˜แŸ„แŸ‡ แž–แŸแž›แžแŸ’แž›แŸ‡แžŠแžพแž˜แŸ’แž”แžธแž•แŸ’แžแž›แŸ‹แž‘แŸ†แž“แžปแž€แž…แžทแžแŸ’แžแžแŸ’แž–แžŸแŸ‹ แžขแŸ’แž“แž€แž‘แžทแž‰แž‚แžบแž‡แžถแžขแŸ’แž“แž€แžšแžแŸ‹แž€แžถแžšแž•แŸ’แž‘แžถแž›แŸ‹ แžŠแŸ„แž™แž˜แžถแž“แž€แžทแž…แŸ’แž…แžŸแž แž€แžถแžšแžŽแŸแž™แŸ‰แžถแž„ แžšแž›แžผแž“แž–แžธแžขแŸ’แž“แž€แž›แž€แŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แŸ”แŸง) ย  แžŠแŸ†แžŽแžถแž€แŸ‹แž€แžถแž›แž”แŸ’แžšแž‚แž›แŸ‹แž”แŸ’แž›แž„แŸ‹ แž“แžทแž„แž”แž„แŸ‹แž›แžปแž™แž•แŸ’แžแžถแž…แŸ‹แžแŸ’แž›แŸƒแž‘แžทแž‰แž›แž€แŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸแŸ‡แž‡แžถแžŠแŸ†แžŽแžถแž€แŸ‹แž€แžถแž›แž…แžปแž„แž€แŸ’แžšแŸ„แž™แž‚แŸแž”แž„แŸ’แžขแžŸแŸ‹ แž€แŸ’แž“แžปแž„แžŠแŸ†แžŽแžพแžšแž€แžถแžšแž›แž€แŸ‹ แž“แžทแž„แž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แžŠแŸ„แž™แž€แŸ’แžšแŸ„แž™แž–แžธแžŠแŸ†แžŽแžพแžšแž€แžถแžšแž“แŸƒแž€แžถแžšแž…แžปแŸ‡แž”แž‰แŸ’แž‡แžธ แžฌแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžทแž€แžถแžแŸ‹แžˆแŸ’แž˜แŸ„แŸ‡แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แž“แžทแž„แž”แž„แŸ‹แž–แž“แŸ’แž’แž”แžถแž“แž…แž”แŸ‹แžŸแž–แŸ’แžœแž‚แŸ’แžšแž”แŸ‹แž แžพแž™ แžขแŸ’แž“แž€แž›แž€แŸ‹แž˜แžถแž“แž€แžถแžแž–แŸ’แžœแž€แžทแž…แŸ’แž…แžแŸ’แžšแžผแžœแž”แŸ’แžšแž‚แž›แŸ‹แž”แŸ’แž›แž„แŸ‹แžŠแŸ‚แž›แž”แžถแž“แž…แžปแŸ‡แž”แž‰แŸ’แž‡แžธแžšแžฝแž…แž แžพแž™ย  แžฌแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžทแžšแžฝแž…แž แžพแž™แž“แŸ„แŸ‡แžฒแŸ’แž™แž‘แŸ…แžขแŸ’แž“แž€แž‘แžทแž‰ แž แžพแž™แžขแŸ’แž“แž€แž‘แžทแž‰แžแŸ’แžšแžผแžœแž”แŸ’แžšแž‚แž›แŸ‹แž›แžปแž™แž”แž„แŸ’แž‚แŸ’แžšแž”แŸ‹แžแŸ’แž›แŸƒแž‘แžทแž‰แž›แž€แŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸ„แŸ‡แž‘แŸ…แžฒแŸ’แž™แžขแŸ’แž“แž€แž›แž€แŸ‹ แžŠแžพแž˜แŸ’แž”แžธแž”แž‰แŸ’แž…แž”แŸ‹แž€แžถแžšแž‘แžทแž‰แž›แž€แŸ‹ แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž‡แžถแžŸแŸ’แžแžถแž–แžš แŸ”แž“แŸแŸ‡แž‡แžถแž€แžถแžšแžขแž“แžปแžœแžแŸ’แž แž“แžทแž„แž”แž‘แž–แžทแžŸแŸ„แž’แž“แŸแž€แž“แŸ’แž›แž„แž˜แž€แžŠแŸ‚แž›แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แž˜แŸแž’แžถแžœแžธ แžฌแžขแŸ’แž“แž€แž…แŸ’แž”แžถแž”แŸ‹แž‚แŸแžแŸ‚แž„แž•แŸ’แžแž›แŸ‹แž™แŸ„แž”แž›แŸ‹ แžฒแŸ’แž™แžขแž“แžปแžœแžแŸ’แžแžแžถแž˜แžŸแž˜แŸ’แžšแžถแž”แŸ‹แžšแžถแž›แŸ‹แž€แžถแžšแž›แž€แŸ‹ แž“แžทแž„แž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž”แŸ’แžšแž—แŸแž‘แž›แž€แŸ‹แž”แž“แŸ’แžแŸ” แž”แŸ’แžšแžŸแžทแž“แž”แžพแžขแŸ’แž“แž€แž’แŸ’แžœแžพแžแžถแž˜แž€แžถแžš แžŽแŸ‚แž“แžถแŸ†แžแžถแž„แž›แžพแž“แŸ„แŸ‡แž€แžถแžšแž‘แžทแž‰แž›แž€แŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžšแž”แžŸแŸ‹แžขแŸ’แž“แž€แž“แžนแž„แž˜แžถแž“แžŸแžปแžœแžแŸ’แžแžทแž—แžถแž–แžแŸ’แž–แžŸแŸ‹ แž“แžทแž„แžขแžถแž…แž‡แŸ€แžŸแž•แžปแžแž–แžธแž แžถแž“แžทแž—แŸแž™แŸ”ย แž‘แŸ„แŸ‡แž‡แžถแž™แŸ‰แžถแž„แžŽแžถแž€แŸแžŠแŸ„แž™แž˜แžทแž“แž˜แŸ‚แž“แžแŸ’แž›แžนแž˜แžŸแžถแžš แžฌ แžšแžผแž”แž˜แž“แŸ’แžแžแžถแž„แž›แžพแž‚แžบแž‡แžถแžœแžทแž’แžธแžŸแžถแžŸแŸ’แžแŸ’แžšแžŠแžถแž…แŸ‹แžแžถแž แžฌแž›แŸ’แžขแžแŸ‚แž˜แžฝแž™แž‚แžแŸ‹แžŠแŸ‚แž›แžแŸ’แžšแžผแžœแžแŸ‚แžขแž“แžปแžœแžแŸ’แžแžแžถแž˜แž“แŸ„แŸ‡แž‘แŸ แžœแžถแž€แŸแžขแžถแž…แž“แŸ…แž˜แžถแž“แž…แŸ†แžŽแžปแž…แž”แž“แŸ’แžแŸ‚แž˜ แžฌแžŠแž€แž…แŸแž‰แžแŸ’แž›แŸ‡ แžขแžถแžŸแŸ’แžšแŸแž™แž‘แŸ…แž›แžพแž€แžถแžšแž‘แžทแž‰แž›แž€แŸ‹แž“แŸ„แŸ‡แžœแžถแž˜แžถแž“แž‘แŸ†แž แŸ†แž”แŸ‰แžปแž“แžŽแžถ แž‘แžนแž€แž”แŸ’แžšแžถแž€แŸ‹แž”แŸ‰แžปแž“แžŽแžถ? แžŸแŸ’แž˜แžปแž‚แžŸแŸ’แž˜แžถแž‰แž”แŸ‰แžปแž“แžŽแžถ? แž˜แžถแž“แž“แŸแž™แžแžถ แž”แžพแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แžŠแŸ‚แž›แž‡แžถแž€แž˜แŸ’แž˜แžœแžแŸ’แžแžปแž“แŸƒแž€แžถแžšแž‘แžทแž‰แž›แž€แŸ‹แž“แŸ„แŸ‡แž˜แžถแž“แž‘แŸ†แž แŸ†แž’แŸ† แž‘แžนแž€แž”แŸ’แžšแžถแž€แŸ‹แž…แŸ’แžšแžพแž“ แžœแžถแžขแžถแž…แž“แžนแž„แž˜แžถแž“แžŠแŸ†แžŽแžพแžšแž€แžถแžšแžŸแŸ’แž˜แžปแž‚แžŸแŸ’แž˜แžถแž‰แž‡แžถแž„แž“แŸแŸ‡ แž แžพแž™แžŠแŸ†แžŽแžพแžšแž€แžถแžšแž‘แžทแž‰แž›แž€แŸ‹แž“แŸแŸ‡แž€แŸแž˜แžถแž“แž—แžถแž–แžŸแŸ’แž˜แžปแž‚แžŸแŸ’แž˜แžถแž‰แž‡แžถแž„แž“แŸแŸ‡โ€‹แžŠแŸ‚แžšแŸ•
Invest in Cambodia: A history of a highly-open marketplace
Invest in Cambodia: A history of a highly-open marketplace
June 6, 2022, 5:06 p.m.
Realestate News
Why Is Cambodia An Excellent Investment Opportunity?The reasons to invest in Cambodia are many: Cambodia is a relatively young nation with a rich, old culture. It is a relatively untapped market, offering potentially substantial upside to foreign investors looking for green field investment opportunities. There is plenty of room for improvement in terms of the legal and judicial climate, but the current head of government -- Hun Sen -- has been in charge for more than 25 years, providing uncommon levels of stability in a country that was wracked by war not that many decades ago.ย  Rami Sharaf,ย Member of International Advisory Council, APCO Worldwide, and a well-known advocate for the Cambodian market, says that, โ€œthe major attraction for foreign investors considering whether they should invest in Cambodia is the ASEAN-member nationโ€™s steady economic growth; phenomenally steady growth: 7.5 per cent average for the last 5 years, year on year. This puts Cambodia as the number 21 worldwide in growth, and number 1 in the region.โ€ ย The Current Outlook:The country enjoys a relatively low cost of living, which helps keep wages low, thus making it a place investors can get their feet wet with relatively low risks. The government has liberal business policies and is actively seeking to attract additional foreign investment. It is a beautiful country with a rich heritage, fueling opportunities in tourism. It has an unusually good geographic position, giving it access to some of the largest, most active and growing markets in the world. Due to its membership in ASEAN, it has access to the ASEAN Free Trade Area. ASEAN is kind of like the European Union for the Southeast Asian Nations. For comparison, the countries of the European Union have 508 million people and the ASEAN countries have 625 million people and are a less mature market, providing vastly more opportunity for growth. Additionally, Cambodia has been designated one of the Least Developed Countries (LDC), which gives it preferential access to both the European and North American markets. Cambodia joined the Association of South East Asian Nations (ASEAN) in 1999. This multinational organization has substantial goals of economic development for the group of countries located roughly between Australia and China, many of them island nations. If ASEAN were a single country, it would have the seventh largest economy in the world, after the US, China, Japan, Germany, France and the United Kingdom. Please note that Germany, France and the United Kingdom are all members of the European Union, the organization ASEAN is hoping to emulate to some degree. Additionally, Cambodia is midway between China and India. Very recently, India displaced China as the world's fastest growing economy. Due to its location, Cambodia has excellent geographic access to both of this huge, emerging markets. The wealth of the future is practically guaranteed to be determined by who has access to these extremely large and very fast growing markets. In 2010, the Chinaโ€“ASEAN Free Trade Area (CAFTA) became a reality, giving member nations access to a trading block of 1.7 billion people. ASEAN also has an agreement with Australia and New Zealand that creates yet another free trade area in the other direction (AANZFTA). Additionally, talks are under way between India and ASEAN, which could create a similar trade block. Last, Cambodia's LDC status gives it preferential access to some of the richest markets in the world for certain products. In 2003, the Heritage Foundation's Index of Economic Freedom ranked Cambodia 35th among 170 countries in terms of economic freedom. This puts in on par with Japan and places it well ahead of many of its neighbors in the ASEAN community. Thus, it constitutes one of the most open economies in the region. At that time, the Index of Economic Freedom commented on positive governmental policies. Obviously, the country's qualification as one of the Least Developed Countries has some downsides, such as limited infrastructure and widespread poverty. But, increasingly, there is evidence that foreign companies typically provide both better pay and better working conditions for local nationals. This means that investing in an LDC can be a case of doing good while doing well: You can feel good about the improvements your investment is bringing to the country while also being happy with the benefit to your own bottom line. In fact, the poverty rate in Cambodia has dropped dramatically from 47.50 percent in 1993 to just 23 percent in 2011. So while it is still a poor country, it is seeing incredible forward progress. This fact helps ensure that investment will be profitable for the investors.Cambodia has been noticed for its unusual degree of market-friendliness for an LDC.ย The areas of note include:Opportunities in Tourism: Unlike its neighbors, such as Thailand and Vietnam, Cambodia explicitly desires to attract foreign investment in its tourism sector. Tourism is the area in which Cambodia rightly most wants to attract foreign investment. This goal is little different than its neighbors like Thailand , Vietnam and most recently even Laos. In recent years, tourism to Cambodia has exploded, enjoying double digit increases many years and hitting 4.5 million tourists in 2014.ย In 1992, Angkor Wat, the world's largest religious monument, was named a World Heritage Site. It attracts significant interest, fueling growth of hotels and other amenities in the nearby town of Siem Riep. While it is certainly the best known site in Cambodia, there is no shortage of cultural heritage and natural beauty for attracting additional tourism dollars to the country. Development of hotels, golf courses and other amenities are a strong market. The government has a track record of dealing progressively with this development segment, such as at the Phnom Penh International Airport.Agricultural Investment Opportunities:An abundance of water and fertile land combined with affordable local labor creates significant opportunity for agricultural investment and development, such as in organic farming and agro-processing. Foreign partners bring not only capital, but also essential knowledge and skill to the table. The combination of forces is very often a win/win for both sides. Although land cannot be owned by foreign investors, access to land is readily available via 99-year leases and joint ventures where a local partner owns at least 51 percent of the equity. Some hot agricultural areas include: fisheries, rubber processing, sugar processing, jute, palm oil refineries, and large varieties of tropical fruits and organic produce. Learn more about controlling land in Cambodia...Foreign Direct Investment (FDI): Throughout the 1990s, Cambodia attracted increasing amounts of Foreign Direct Investment. Malaysia got in early and captured a great deal of "first mover" benefit, as well as concessions for their investments, such in mining and forestry. Cambodia has come a long way since Malaysia first took notice of the country in terms of internal improvements and development, yet there remains a great deal of room for additional growth. The good track record of improvement combined with so much remaining upside is a situation that is extremely attractive for investors.
Phnom Penh City Master Plan 2035: Legality will lead to Fruition
Phnom Penh City Master Plan 2035: Legality will lead to Fruition
June 7, 2022, 5:35 a.m.
Realestate News
The urban planning and construction panel discussion held as part of the second Global Alumni convention (GAC) at the Intercontinental hotel on Saturday 30th January 2016 presented the figures of 151 borey projects currently underway, 186 real estate companies in operation in Cambodia and that there will be approximately 20,000 condos in Phnom Penh by 2018. This fell into a wider discussion about the proposed Phnom Penh City Master Plan 2035, and how the city canย sustainablyย grow into the future...So what implications does this have for the sector and the investor?There were several questions raised at this yearโ€™s GAC event around construction quality control and the legality of the building and construction industry if the Royal Government seeks to achieve its vision of a Phnom Penh City Master Plan 2035. โ€œHow do you know that this building is built to standard?โ€ asks H.E. Dr. Sok Siphana, legal advisor to the Royal Government of Cambodia, โ€œThereโ€™s a lot of issues around quality of construction, especially if you are building 20-30 stories. How do you know who is qualified?โ€ The government sought the assistance of the experienced legal drafter, Dr. Sok Siphana, to develop a comprehensive building and construction law to regulate the industry, and this experience has no-doubt influenced somewhat the Phnom penh city master plan. โ€œGood construction is a business within itself and itโ€™s good for the economy,โ€ says Dr. Sok Siphana, โ€œQuality class A building attracts reliable investors. How do you attract sub-regional companies to set up in Cambodia in low quality shoddy buildings? We have to regulate the industry and the practitioners within it. We have to introduce the concept of certification.โ€ Dr. Sok Siphana says that public safety is paramount. โ€œFor example, in general, the current laws governing contracts for boreys do not protect the consumer. As the State, we have to think about the public... How to ensure that thereโ€™s no fraud and that the public are safe, and that buildings wonโ€™t collapse while youโ€™re still paying the mortgage.โ€ So how will people within the sector build their knowledge and understanding of the law and how will it be enforced? How will they be educated on real estate technical skills such as quality building codes, practices and property evaluation?That being said, the Phnom Penh City Master Plan 2035 seemingly must come as part of a wider regulatory reform framework. And, so it seems, tertiary and vocational training development throughout Cambodia. Kim Heang, CEO of Khmer Real Estate and current President of the Cambodian Valuers and Estate Agents Association (CVEA), says that the peak industry body plans to start a training institute after Khmer New Year with the view of providing essential technical vocational training for the real estate industry. โ€œWe plan to create a specialised institute - as the bulk of the dirty work is not done by the architect or engineer; itโ€™s done by tradesmen. In Cambodian culture we value high position professions but forget about these trades such as plumbers and electricians. These people have a lot of value. This is where the role for vocational training lies. Not everyone can decide to be a crane operator and just go and do itโ€, he says. Kim notes that the CVEA has the full support of the Ministry of Banking and Finance to undertake their training institute project later this year, โ€œWe have the backing of the ministry for a real estate training school. Over the next year we plan to provide three months vocational training in agency work and property valuation.โ€ Simon Griffiths, Associate Director of CBRE, believes along with technical training, realtors need to take the lead in upholding high standards. โ€œStandards and quality all exist in Cambodia. We need real estate firms to take the lead to act responsibly while those valuation standards and new laws are being put in place. The industry as a whole needs toย recognizeย the importance of valuation and not bend theย rules when it suits because the impact it can have is very severe. ANZ and the other banks will know the risk of improper valuation.โ€ โ€œCambodia has so much potential,โ€ says Kim, โ€œWe have to compete with our neighbours now we are part of the Asean Economic Community (AEC). We hope our trainees will go out and even work abroad, then bring back this knowledge to Cambodia to advance the real estate industry as a wholeโ€.
Villa Vs. Condo? The Verdict is out
Villa Vs. Condo? The Verdict is out
June 6, 2022, 5:05 p.m.
Realestate News
Looking to invest in the abundant real estate market in Phnom Penh but not sure whether to purchase a villa or a condominium? โ€œVillas are the better choiceโ€, advises Ms. Tang Hour, President of Amatak Property Services, โ€œInvestors will make more money in the short-term depending on the location.โ€ Chee Yeong Yap, Project Director of Grand Phnom Penh International City agrees, โ€œOwnership of landed property is better than condos, especially in underdeveloped countries like Cambodia.โ€ ย 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 PENHโ€œYou 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,โ€ she says, adding that villas are far easier to resell than a condominium.ย 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.ย Tang advises against investing in a villa within a Borey as this does not make as much money as a stand-alone location. โ€œBuy landed property that has a hard title and proper development planning,โ€ says Chee, โ€œMake sure there is a longer term plan such as Township development as opposed to a Borey Development. Ensure that plans meet the governmentโ€™s minimum requirements.โ€ 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, โ€œBuying individual units wonโ€™t make money, itโ€™s better to buy between 2-5 units if you can afford itโ€. [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.ย 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. โ€œNot many local buyers are willing to pay the monthly maintenance fees as these can be expensive,โ€ says Chee.INVEST INย CONDOS IN CAMBODIAHe adds, โ€œMany 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.โ€ 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...
Creed Group Invites Investors
Creed Group Invites Investors
June 6, 2022, 5:06 p.m.
Realestate News
ไฟก่พพ้›†ๅ›ขๆ˜ฏๆŸฌๅŸ”ๅฏจ็ฌฌไธ€ๅฎถไนŸๆ˜ฏๆœ€ๅคง็š„ๆ—ฅๆœฌๅผ€ๅ‘ๅ•†๏ผŒๅนถไบŽ2015ๅนดๅœจBodaiju Residencesๅนฟๅ—ๆฌข่ฟŽ็š„Bodaiju Residencesไน‹ๅŽ็ˆ†็‚ธๆˆไบ†็‰ฉไธšๅ‘ๅฑ•็Žฐๅœบใ€‚ย ๆˆๅŠŸๆ—ฅๆœŸ๏ผšๅœจๆ—ฅๆœฌ๏ผŒๆ–ฐๅŠ ๅก๏ผŒ้ฉฌๆฅ่ฅฟไบšๅ’Œๅคšไธชๅ…ถไป–ๅธ‚ๅœบ็š„ๆˆๅŠŸ่ฎฐๅฝ•ๅฏนไบŽBodaiju ResidencesๅœจๆŸฌๅŸ”ๅฏจ็š„้”€ๅ”ฎๆˆๅŠŸ่‡ณๅ…ณ้‡่ฆ๏ผŒ่‡ชไปŽๅ‘ๅธƒไปฅๆฅ๏ผŒๅทฒ็ปๅ”ฎๅ‡บไบ†Aๅ’ŒB็ฑปๅปบ็ญ‘็š„90๏ผ…ใ€‚ๅชๆœ‰ๆœ‰้™็š„ๆ—ถ้—ดๆ‰่ƒฝๅˆฉ็”จโ€œๆ—ฉๆœŸ็š„้ธŸโ€ไผ˜ๆƒ ๏ผŒBodaijuๅฐ†ไธพๅŠžไธ€็ณปๅˆ—ๆดปๅŠจ๏ผŒไธบ่กŒไธšๅ’ŒๆŠ•่ต„่€…ไผ ่พพๆŠ•่ต„ไธ–็•Œ้ข†ๅ…ˆ็š„ๅ…ฌๅฏ“้กน็›ฎ็š„ๅฅฝๅค„ใ€‚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 Groupย construction standards appealed not only to an international market but the local Cambodian market as well.Introducing: Borey Maha Sen SokBorey Maha Sen Sokๅ†ๆฌกๆ–นไพฟๅœฐ้ ่ฟ‘ไธ–็•Œๆ ‡ๅ‡†็š„ๅ›ฝ้™…ๅญฆๆ ก๏ผŒๅณๅฐ†ๅปบๆˆ็š„็™พ็››่ดญ็‰ฉไธญๅฟƒๅ’Œ้‡‘่พนๅ›ฝ้™…ๆœบๅœบ - ไธบๆ‰€ๆœ‰ๅ…ณ้”ฎ่ฎพๆ–ฝๆไพ›ๆฝœๅœจ็š„ๆŠ•่ต„่€…ๅ’Œๅฑ…ๆฐ‘ไธ–็•Œ็บง็š„็”Ÿๆดปๆฐดๅ‡†ใ€‚Borey Maha Sen Sokๅฐ†็”ฑไธคไธชๅœฐไบง็ฑปๅž‹็ป„ๆˆ; โ€œSatsukiโ€ๆ˜ฏไธ€้—ด2้—ดๅงๅฎค๏ผŒ3้—ดๆตดๅฎคไปŽไฝŽ่‡ณ47,500็พŽๅ…ƒ่ตทใ€‚่€Œ็ฌฌไบŒ็ง็‰ฉไธš็ฑปๅž‹โ€œBotanโ€ๆ˜ฏไธ€้—ด4้—ดๅงๅฎค๏ผŒ5้—ดๆตดๅฎค่ฟžๆŽฅๆˆฟๅฑ‹ๆจช่ทจๅœฐ้ข๏ผŒๅคนๅฑ‚ๆฅผๅ’Œ1ๅฑ‚ๆฅผใ€‚ๅœจRealestate.com.khไธŠๆŸฅ็œ‹ๅฎŒๆ•ด็š„ๅˆ—่กจ[caption id =โ€œattachment_80842โ€align =โ€œaligncenterโ€width =โ€œ300โ€] 'Satsuki'ๆ˜ฏไธ€ไธช2้—ดๅงๅฎค๏ผŒ3ไธชๆตดๅฎคๅฑžๆ€งไปŽไฝŽ่‡ณ$ 47.500่ตท[/ caption] [caption id =โ€œattachment_80843โ€align = โ€œๅฏนๅ‡†ไธญๅฟƒโ€width =โ€œ300โ€] 'ๆค็‰ฉ'ๆ˜ฏไธ€ไธช4้—ดๅงๅฎค๏ผŒ5้—ดๆตดๅฎค่ฟžๆŽฅๆˆฟๅฑ‹ๆจชๅ‘ๅœฐ้ข๏ผŒๅคนๅฑ‚ๆฅผๅ’Œ1ๆฅผใ€‚[/ caption]่งไธ‹้ข็š„ๆ—ฅๆœŸ๏ผŒๅœจๆ‚จ็š„ๆ—ฅๅކไธญๆ ‡่ฎฐ๏ผŒไปฅไพฟๆœ‰ๆœบไผšๅ‘็ŽฐBodaijuๅ…ฌๅฏ“็Šถ่ฏญไปŽๅฅ๏ผšๅŒ—้ฃŽไน‹็ฅž็Ž›ๅ“ˆๆฃฎ็ดขไธบๆŸฌๅŸ”ๅฏจๅฏปๆฑ‚่ฟฝๆฑ‚่€…็Šถ่ฏญไปŽๅฅ๏ผš็ฒพๆ˜ŽๆŠ•่ต„่€…ๆไพ›็š„็‹ฌ็‰นๆœบไผšใ€‚
133 Floor "Thai Boon Roong Twin Trade Center" gets go ahead, Phnom Penh
133 Floor "Thai Boon Roong Twin Trade Center" gets go ahead, Phnom Penh
June 6, 2022, 5:05 p.m.
Realestate News
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.ย The high-rise will be named the โ€œThai Boon Roong Twin Trade Centerโ€ 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 Centerย 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. ย 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.
แž‚แž˜แŸ’แžšแŸ„แž„โ€‹แž€แžถแžšโ€‹แž‘แžทแž‰โ€‹แž‘แžปแž€โ€‹แž˜แžปแž“: แž€แžถแžšโ€‹แžŽแŸ‚แž“แžถแŸ†โ€‹แžŠแŸโ€‹แžŸแŸ†แžแžถแž“แŸ‹
แž‚แž˜แŸ’แžšแŸ„แž„โ€‹แž€แžถแžšโ€‹แž‘แžทแž‰โ€‹แž‘แžปแž€โ€‹แž˜แžปแž“: แž€แžถแžšโ€‹แžŽแŸ‚แž“แžถแŸ†โ€‹แžŠแŸโ€‹แžŸแŸ†แžแžถแž“แŸ‹
February 14, 2025, 3:54 a.m.
Realestate News
แžแžพโ€‹แž›แŸ„แž€แžขแŸ’แž“แž€โ€‹แž€แŸ†แž–แžปแž„โ€‹แžแŸ‚แž…แž„แŸ‹แžŠแžนแž„แž”แž“แŸ’แžแŸ‚แž˜แž–แžธโ€‹แž€แžถแžšโ€‹แžœแžทแž“แžทแž™แŸ„แž‚โ€‹แž›แžพโ€‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แž”แŸ‰แžปแž“แŸ’แžแŸ‚โ€‹แž˜แžทแž“โ€‹แž”แŸ’แžšแžถแž€แžŠโ€‹แžแžถโ€‹แžแŸ’แžšแžผแžœโ€‹แž…แžถแž”แŸ‹โ€‹แž•แŸ’แžแžพแž˜โ€‹แž–แžธโ€‹แž€แž“แŸ’แž›แŸ‚แž„โ€‹แžŽแžถ? แžขแŸ’แž“แž€โ€‹แžขแžถแž…โ€‹แž“แžนแž„โ€‹แž‡แžฝแž”โ€‹แž–แžถแž€แŸ’แž™โ€‹แžŠแžผแž…แž‡แžถโ€‹ โ€œแžขแž…แž›แž“โ€‹แž‘แŸ’แžšแž–แŸ’แž™โ€‹แž€แŸ’แžšแŸ…โ€‹แž‚แž˜แŸ’แžšแŸ„แž„ แžฌโ€‹แž€แžถแžšโ€‹แžขแž—แžทแžœแžŒแŸ’แžโ€‹แžแŸ’แž˜แžธโ€ โ€‹แžŠแŸ„แž™โ€‹แž˜แžทแž“โ€‹แž™แž›แŸ‹โ€‹แž–แžธโ€‹แžขแžแŸ’แžแž“แŸแž™โ€‹แž“แŸ…โ€‹แž–แžธโ€‹แž€แŸ’แžšแŸ„แž™โ€‹แžœแžถโ€‹แž‘แŸแŸ” แž“แŸ…แž€แŸ’แž“แžปแž„แžขแžแŸ’แžแž”แž‘แž“แŸแŸ‡ Realestate.com.kh แž“แžนแž„แž“แžถแŸ†แžขแŸ’แž“แž€แžˆแŸ’แžœแŸ‚แž„แž™แž›แŸ‹แž…แŸ†แžŽแžปแž…แžŠแŸ‚แž›แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแžŠแžนแž„แžขแŸ†แž–แžธแž€แžถแžšแžœแžทแž“แžทแž™แŸ„แž‚แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž€แŸ’แžšแŸ…แž‚แž˜แŸ’แžšแŸ„แž„ แž‚แžปแžŽแžŸแž˜แŸ’แž”แžแŸ’แžแžท แž แžถแž“แžทแž—แŸแž™ แž“แžทแž„แž€แž“แŸ’แž›แŸ‚แž„แžŠแŸ‚แž›แžแŸ’แžšแžผแžœแžŸแŸ’แžœแŸ‚แž„แžšแž€แž‚แž˜แŸ’แžšแŸ„แž„แžŠแŸ‚แž›แžขแžถแž…แž‘แžปแž€แž…แžทแžแŸ’แžแž”แžถแž“แž“แŸ…แž†แŸ’แž“แžถแŸ† 2025แŸ”แžแžพ ยซแž‚แž˜แŸ’แžšแŸ„แž„แž€แžถแžšแž‘แžทแž‰แž‘แžปแž€แž˜แžปแž“ยป แž˜แžถแž“แž“แŸแž™แžŠแžผแž…แž˜แŸ’แžแŸแž…?แž“แŸแŸ‡แž‚แžบแž‡แžถแž€แžถแžšแžŸแž˜แŸ’แžแŸ‚แž„แž“แžผแžœแž…แŸ†แžŽแžถแž”แŸ‹แžขแžถแžšแž˜แŸ’แž˜แžŽแŸแžŸแž˜แŸ’แžšแžถแž”แŸ‹แž€แžถแžšแž‡แžถแžœแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸ…แžแžŽแŸˆแž–แŸแž›แž˜แžฝแž™แžŠแŸ‚แž›แžขแŸ’แžœแžธแŸ—แž›แŸ„แž€แžขแŸ’แž“แž€แžขแžถแž…แž˜แžพแž›แžƒแžพแž‰แž”แžถแž“แž‚แžบแžŠแžธแž˜แžฝแž™แž€แž“แŸ’แž›แŸ‚แž„ แž“แžทแž„แž‚แž˜แŸ’แžšแŸ„แž„แž‚แŸแž แžŠแŸ’แž‹แžถแž“แž˜แžฝแž™แž”แŸ‰แžปแžŽแŸ’แžŽแŸ„แŸ‡แŸ” แž›แŸ„แž€-แžขแŸ’แž“แž€แž…แžปแŸ‡แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถ แžฌแž€แžปแž„แžแŸ’แžšแžถแž˜แžฝแž™แžŠแŸ‚แž›แž…แž„แŸ’แžขแžปแž›แž”แž„แŸ’แž แžถแž‰แž“แžผแžœแžแž˜แŸ’แž›แŸƒแž‘แžทแž‰แž…แŸ’แž”แžถแžŸแŸ‹แž›แžถแžŸแŸ‹แž˜แžฝแž™แžŸแž˜แŸ’แžšแžถแž”แŸ‹แžŠแžธ แž“แžทแž„แž‚แŸแž แžŠแŸ’แž‹แžถแž“แžŠแžพแž˜แŸ’แž”แžธแž“แžนแž„แžแŸ’แžšแžผแžœแž”แžถแž“แžŸแžถแž„แžŸแž„แŸ‹แžแžถแž˜แžšแž™แŸˆแž‚แž˜แŸ’แžšแŸ„แž„แžŸแŸ’แžแžถแž”แžแŸ’แž™แž€แž˜แŸ’แž˜แž‡แžถแž€แŸ‹แž›แžถแž€แŸ‹แž˜แžฝแž™แŸ”แž แŸแžแžปแžขแŸ’แžœแžธแžแŸ’แžšแžผแžœแž˜แžถแž“แž‚แž˜แŸ’แžšแŸ„แž„แž€แžถแžšแž‘แžทแž‰แž‘แžปแž€แž˜แžปแž“?แž€แžถแžšแž…แžผแž›แž‘แŸ…แž€แŸ’แž“แžปแž„แžŠแŸ†แžŽแžถแž€แŸ‹แž€แžถแž›แž‚แŸ’แžšแŸ„แž„แž‘แžปแž€แž“แŸƒแž€แžถแžšแžœแžทแž“แžทแž™แŸ„แž‚แž˜แžฝแž™แžขแžถแž…แž•แŸ’แžแž›แŸ‹แžฒแŸ’แž™แžขแžแžทแžแžทแž‡แž“แž‘แžถแŸ†แž„แžกแžถแž™แž“แžผแžœแžฑแž€แžถแžŸแž€แŸ’แž“แžปแž„แž€แžถแžšแž‘แž‘แžฝแž›แž™แž€แž“แžผแžœแž‡แž˜แŸ’แžšแžพแžŸแž…แŸ†แžŽแŸ‚แž€แžŠแžธ แžฌแž™แžผแž“แžธแžแžŠแŸแž›แŸ’แžขแž”แŸ†แž•แžปแžแž“แŸ…แž€แŸ’แž“แžปแž„แžขแž“แžถแž‚แžแž“แŸƒแžขแž‚แžถแžšแžŽแžถแž˜แžฝแž™แŸ”แž”แž“แŸ’แžแŸ‚แž˜แž–แžธแž›แžพแž“แŸแŸ‡แž‚แž˜แŸ’แžšแŸ„แž„แž€แžถแžšแž‘แžทแž‰แž‘แžปแž€แž˜แžปแž“แžขแžถแž…แž•แŸ’แžแž›แŸ‹แž”แžถแž“แž“แžผแžœแž‡แž˜แŸ’แžšแžพแžŸแž€แžถแžšแž”แž‰แŸ’แž‡แžถแž‘แžทแž‰แž€แž˜แŸ’แžšแžทแžแžแŸ’แž–แžŸแŸ‹แž˜แžฝแž™แžŠแŸ„แž™แžšแžถแž”แŸ‹แž”แž‰แŸ’แž…แžผแž›แž“แžผแžœแž€แžถแžšแž•แŸ’แž›แžถแžŸแŸ‹แž”แŸ’แžแžผแžšแž‚แž˜แŸ’แžšแŸ„แž„แž‡แžถแž“แŸ‹แž“แŸƒแžขแž‚แžถแžšแž€แžถแžšแžšแžฝแž˜แž”แž‰แŸ’แž…แžผแž›แž‚แŸ’แž“แžถแž“แžผแžœแž™แžผแž“แžธแžแž‡แžถแž”แŸ‹แž‚แŸ’แž“แžถแž…แŸ†แž“แžฝแž“แž–แžธแžšแž‘แŸ…แž‡แžถแž™แžผแž“แžธแžแž˜แžฝแž™แž˜แžถแž“แž•แŸ’แž‘แŸƒแž€แŸ’แžšแžกแžถแž’แŸ†แž‡แžถแž„แž˜แžปแž“ แž“แžทแž„แž€แžถแžšแžŸแž˜แŸ’แžšแŸแž…แž…แžทแžแŸ’แžแž‡แžถแž›แž˜แŸ’แžขแžทแžแž”แž“แŸ’แžแŸ‚แž˜แž‘แŸ€แžแžŠแžผแž…แž‡แžถแž€แžถแžšแž”แŸ†แž–แžถแž€แŸ‹แž”แŸ’แžšแž—แŸแž‘แž‚แŸ’แžšแžฟแž„แžŸแž˜แŸ’แž—แžถแžšแž”แŸ’แžšแžพแž”แŸ’แžšแžถแžŸแŸ‹แž‡แžถแž…แŸ’แžšแžพแž“แŸ” แž‘แŸ„แŸ‡แž‡แžถแž™แŸ‰แžถแž„แžŽแžถแžขแžแžทแžแžทแž‡แž“แž€แŸแž˜แžถแž“แž€แžถแžšแžแŸ’แžขแžผแž‰แžแŸ’แžขแŸ‚แžšแž แžพแž™แžแŸ‚แž„แž”แŸ’แžšแžถแžแŸ’แž“แžถแž…แž„แŸ‹แž”แžถแž“แž“แžผแžœแž›แž‘แŸ’แž’แž—แžถแž–แž€แŸ’แž“แžปแž„แž€แžถแžšแž‚แŸ’แžšแž”แŸ‹แž‚แŸ’แžšแž„แž—แžถแž–แž›แž˜แŸ’แžขแžทแžแž“แŸƒแžŸแŸ†แžŽแž„แŸ‹แž‚แžบแžแŸ‚แž„แžแŸ‚แž˜แžถแž“แž€แžถแžšแžŸแž”แŸ’แž”แžถแž™แž…แžทแžแŸ’แžแž”แŸ†แž•แžปแžแž‡แžถแž˜แžฝแž™แž“แžนแž„แž€แžถแžšแž‡แžถแžœแž˜แžฝแž™แžŠแŸ‚แž›แž”แžถแž“แž”แž„แŸ’แž€แžพแžแžกแžพแž„แž“แŸ…แž€แŸ’แž“แžปแž„แžŠแŸ†แžŽแžถแž€แŸ‹แž€แžถแž›แž˜แžฝแž™แž“แŸแŸ‡แŸ” แžœแžถแžขแž“แžปแž‰แŸ’แž‰แžถแžแžฒแŸ’แž™แž–แžฝแž€แž‚แŸแž‘แž‘แžฝแž›แž”แžถแž“แž–แžทแžแž”แŸ’แžšแžถแž€แžŠแž“แžผแžœแžขแŸ’แžœแžธแžŠแŸ‚แž›แž–แžฝแž€แž‚แŸแž…แž„แŸ‹แž”แžถแž“แŸ”แžขแžแžทแžแžทแž‡แž“แž€แŸ’แžšแŸ…แž‚แž˜แŸ’แžšแŸ„แž„แž‘แžถแŸ†แž„แžกแžถแž™แž€แŸแž”แŸ’แžšแž แŸ‚แž›แž‡แžถแž‘แž‘แžฝแž›แž”แžถแž“แž“แžผแžœแž€แžถแžšแž”แž‰แŸ’แž…แžปแŸ‡แžแž˜แŸ’แž›แŸƒแž‡แžถแž…แŸ’แžšแžพแž“แž‘แŸ…แž›แžพแžแž˜แŸ’แž›แŸƒ แžฌแž€แŸแž€แŸ’แžšแžกแŸแž€แžƒแžพแž‰แžŠแŸแžแŸ’แžšแžนแž˜แžแŸ’แžšแžผแžœแž“แžผแžœแž€แžถแžšแž€แžพแž“แžกแžพแž„แž“แŸƒแž’แž“แž’แžถแž“แž”แž“แŸ’แžแŸ‚แž˜แž‡แžถแž„แž€แž˜แŸ’แžšแžทแžแž˜แž’แŸ’แž™แž˜แŸ” แžœแžทแž“แžทแž™แŸ„แž‚แžทแž“ แž“แžทแž„แžขแŸ’แž“แž€แžŸแŸ’แž‘แžถแž”แžŸแŸ’แž‘แž„แŸ‹แž‘แžถแŸ†แž„แžกแžถแž™แž™แž›แŸ‹แžƒแžพแž‰แžแžถแž˜แžผแž›แž แŸแžแžปแž‘แžถแŸ†แž„แž–แžธแžšแž“แŸแŸ‡แž แžพแž™แžŠแŸ‚แž›แž‡แžถแž—แžถแž–แž‘แžถแž€แŸ‹แž‘แžถแž‰แž‡แžถแž–แžทแžŸแŸแžŸแž‚แžบแž“แŸ…แž–แŸแž›แžŠแŸ‚แž›แžขแžแžทแžแžทแž‡แž“แž‘แž‘แžฝแž›แž”แžถแž“แž‘แžถแŸ†แž„แž–แžธแžšแžšแžฝแž˜แž‚แŸ’แž“แžถแŸ” แž“แŸ…แž‘แžธแž€แŸ’แžšแžปแž„แž—แŸ’แž“แŸ†แž–แŸแž‰แž€แžถแžšแž‡แžถแžœแž“แŸ…แž€แŸ’แž“แžปแž„แž€แŸ†แžกแžปแž„แž–แŸแž›แžŠแŸ†แž”แžผแž„แž“แŸƒแž€แžถแžšแž›แž€แŸ‹แžขแžถแž…แž“แžถแŸ†แžฒแŸ’แž™แž˜แžถแž“แž€แžถแžšแž€แžพแž“แžกแžพแž„แžแž˜แŸ’แž›แŸƒแžšแž แžผแžแžŠแž›แŸ‹ แŸฃแŸ  แž—แžถแž‚แžšแž™แž“แŸ…แž‘แžธแž”แŸ†แž•แžปแžแž แžพแž™แžขแžแŸ’แžšแžถแž“แŸแŸ‡แžœแžถแžขแžถแž…แž˜แžถแž“แž…แŸ†แž“แžฝแž“แž…แŸ’แžšแžพแž“แž‡แžถแž„ แŸฆ แžŠแž„แž“แŸƒแž€แžถแžšแž‡แžถแžœแž€แŸ’แžšแŸ„แž™แž€แžถแžšแžŠแŸ’แž‹แžถแž“แžแŸ’แžšแžผแžœแž”แžถแž“แž…แžถแž”แŸ‹แž•แŸ’แžแžพแž˜แžŠแŸ‚แž›แž‡แžถแž’แž˜แŸ’แž˜แžแžถแž‚แžบแžแŸ’แžšแžนแž˜แžแŸ‚ แŸฅ แž‘แŸ… แŸกแŸ  แž—แžถแž‚แžšแž™แžแŸ‚แž”แŸ‰แžปแžŽแŸ’แžŽแŸ„แŸ‡แž“แŸ„แŸ‡แŸ”แž”แž“แŸ’แžแŸ‚แž˜แž›แžพแžŸแž–แžธแž“แŸแŸ‡แž‚แž˜แŸ’แžšแŸ„แž„แž€แžถแžšแž‘แžทแž‰แž‘แžปแž€แž˜แžปแž“แž”แŸ‚แž”แž“แŸแŸ‡แžขแž“แžปแž‰แŸ’แž‰แžถแžแžฒแŸ’แž™แžขแžแžทแžแžทแž‡แž“แž’แŸ’แžœแžพแž€แžถแžšแž”แŸ‚แž„แž…แŸ‚แž€แž€แžถแžšแž”แž„แŸ‹แž”แŸ’แžšแžถแž€แŸ‹แž‡แžถแžŠแŸ†แžŽแžถแž€แŸ‹แž€แžถแž›แŸ—แŸ” แž“แŸ…แž–แŸแž›แžŠแŸ‚แž›แž‡แžถแžœแž“แžผแžœแž•แŸ’แž‘แŸ‡แžœแžธแžกแžถแž˜แžฝแž™แž€แžถแžšแž”แž„แŸ‹แž”แŸ’แžšแžถแž€แŸ‹แžขแžถแž…แž“แžนแž„แž˜แžถแž“แžšแž™แŸˆแž–แŸแž›แž…แž“แŸ’แž›แŸ„แŸ‡แž–แžธ แŸกแŸ  แž‘แŸ… แŸกแŸจ แžแŸ‚แŸ” แž‡แžถแž˜แžฝแž™แž“แžนแž„แžขแž‚แžถแžšแžแžปแž“แžŠแžผแžœแžถแžขแžถแž…แž˜แžถแž“แžšแž™แŸˆแž–แŸแž›แžšแž แžผแžแžŠแž›แŸ‹ แŸขแŸค แžแŸ‚แŸ”แž‡แž“แž”แžšแž‘แŸแžŸแž‘แžถแŸ†แž„แžกแžถแž™แž“แžนแž„แž˜แžถแž“แž€แžถแžšแž›แžพแž€แž‘แžนแž€แž…แžทแžแŸ’แžแž”แž“แŸ’แžแŸ‚แž˜แž€แŸ’แž“แžปแž„แž€แžถแžšแžŸแž˜แŸ’แžšแŸแž…แž…แžทแžแŸ’แžแž‘แžทแž‰แž€แžถแž“แŸ‹แžแŸ‚แž†แžถแž”แŸ‹แžแžถแž˜แžŠแŸ‚แž›แžขแžถแž…แž’แŸ’แžœแžพแž‘แŸ…แž”แžถแž“แŸ”แž™แŸ„แž„แžแžถแž˜แž…แŸ’แž”แžถแž”แŸ‹แžŸแŸ’แžแžธแž–แžธแž˜แŸ’แž…แžถแžŸแŸ‹แž€แž˜แŸ’แž˜แžŸแžทแž‘แŸ’แž’แžทแž‡แžถแž‡แž“แž”แžšแž‘แŸแžŸ (แž†แŸ’แž“แžถแŸ† แŸขแŸ แŸกแŸ  )แžขแž“แžปแž‰แŸ’แž‰แžถแžแžฒแŸ’แž™แž‡แž“แž”แžšแž‘แŸแžŸแž‘แžถแŸ†แž„แžกแžถแž™แž’แŸ’แžœแžพแž€แžถแžšแž‘แžทแž‰แž“แžผแžœแž…แŸ†แž“แžฝแž“แž€แŸ†แžŽแžแŸ‹แž˜แžฝแž™แž“แŸƒแž™แžผแž“แžธแžแž‘แžถแŸ†แž„แžกแžถแž™แž“แŸƒแžขแž‚แžถแžšแžแžปแž“แžŠแžผแž‚แžบแžšแž แžผแžแžŠแž›แŸ‹ แŸงแŸ  แž—แžถแž‚แžšแž™แž“แŸƒแž™แžผแž“แžธแžแž‘แžถแŸ†แž„แžกแžถแž™แžขแžถแž…แž“แžนแž„แžแŸ’แžšแžผแžœแž”แžถแž“แž‡แžถแžœแžŠแŸ„แž™แž‡แž“แž”แžšแž‘แŸแžŸแžŠแŸ‚แž›แž•แŸ’แžแž›แŸ‹แžฒแŸ’แž™แž–แžฝแž€แž‚แŸแž“แžผแžœแž”แŸแžŽแŸ’แžŽแž€แž˜แŸ’แž˜แžŸแžทแž‘แŸ’แž’แžทแžแŸ’แžšแžนแž˜แžแŸ’แžšแžผแžœแŸ”แžขแžแŸ’แžแž”แŸ’แžšแž™แŸ„แž‡แž“แŸแž“แŸƒแž‚แž˜แŸ’แžšแŸ„แž„แž€แžถแžšแž‘แžทแž‰แž‘แžปแž€แž˜แžปแž“แžขแžแŸ’แžแž”แŸ’แžšแž™แŸ„แž‡แž“แŸแžŸแŸ†แžแžถแž“แŸ‹แž“แŸƒแžขแž…แž›แž“แŸˆแž‘แŸ’แžšแž–แŸ’แž™แž€แŸ’แžšแŸ…แž‚แž˜แŸ’แžšแŸ„แž„ แž‚แžบแžขแŸ’แž“แž€แž‘แžทแž‰แž˜แžถแž“แžฑแž€แžถแžŸแž€แŸ‚แž”แŸ’แžšแŸ‚แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžแžถแž˜แž…แžทแžแŸ’แžแžšแž”แžŸแŸ‹แž–แžฝแž€แž‚แŸแŸ” แž“แŸแŸ‡แžขแžถแž…แžšแžถแž”แŸ‹แž”แž‰แŸ’แž…แžผแž›แž‘แžถแŸ†แž„แž€แžถแžšแž‡แŸ’แžšแžพแžŸแžšแžพแžŸแž€แžถแžšแž”แž‰แŸ’แž…แž”แŸ‹ แž‚แŸ’แžšแžฟแž„แž”แžšแžทแž€แŸ’แžแžถแžš แž“แžทแž„แžงแž”แž€แžšแžŽแŸแž”แŸ’แžšแžพแž”แŸ’แžšแžถแžŸแŸ‹ แž“แžทแž„แž€แžถแžšแž•แŸ’แž›แžถแžŸแŸ‹แž”แŸ’แžแžผแžšแž”แŸ’แž›แž„แŸ‹ แž“แžทแž„แž€แžถแžšแžšแž…แž“แžถแž“แŸƒแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แŸ” แžขแžแŸ’แžแž”แŸ’แžšแž™แŸ„แž‡แž“แŸแž˜แžฝแž™แž‘แŸ€แžแž“แŸƒแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž€แŸ’แžšแŸ…แž‚แž˜แŸ’แžšแŸ„แž„แž‚แžบแžแžถ แžขแŸ’แž“แž€แž‘แžทแž‰แžขแžถแž…แž‘แž‘แžฝแž›แž”แžถแž“แžขแžแŸ’แžแž”แŸ’แžšแž™แŸ„แž‡แž“แŸแž–แžธแž€แžถแžšแžกแžพแž„แžแŸ’แž›แŸƒแžŠแžพแž˜แž‘แžปแž“แžŠแŸ‚แž›แž˜แžถแž“แžŸแž€แŸ’แžแžถแž“แžปแž–แž›แŸ” แž“แŸ…แž–แŸแž›แžŠแŸ‚แž›แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž€แŸ†แž–แžปแž„แžแŸ’แžšแžผแžœแž”แžถแž“แžŸแžถแž„แžŸแž„แŸ‹ แžแž˜แŸ’แž›แŸƒแžšแž”แžŸแŸ‹แžœแžถแžขแžถแž…แž“แžนแž„แž€แžพแž“แžกแžพแž„ แžŠแŸ‚แž›แž•แŸ’แžแž›แŸ‹แžฑแŸ’แž™แžขแŸ’แž“แž€แž‘แžทแž‰แž“แžผแžœแžฑแž€แžถแžŸแž€แŸ’แž“แžปแž„แž€แžถแžšแžšแž€แž”แŸ’แžšแžถแž€แŸ‹แž…แŸ†แžŽแŸแž‰ แž”แŸ’แžšแžŸแžทแž“แž”แžพแž–แžฝแž€แž‚แŸแž‡แŸ’แžšแžพแžŸแžšแžพแžŸแž›แž€แŸ‹แž˜แžปแž“แž–แŸแž›แž”แž‰แŸ’แž…แž”แŸ‹แŸ” แž“แŸแŸ‡แž‡แžถแž€แžถแžšแž–แžทแžแž‡แžถแž–แžทแžŸแŸแžŸแž“แŸ…แž€แŸ’แž“แžปแž„แžแŸ†แž”แž“แŸ‹แžŠแŸ‚แž›แžแž˜แŸ’แž›แŸƒแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž€แŸ†แž–แžปแž„แž€แžพแž“แžกแžพแž„แž™แŸ‰แžถแž„แž†แžถแž”แŸ‹แžšแž แŸแžŸ แžŠแžผแž…แž‡แžถแž“แŸ…แž€แŸ’แž“แžปแž„แž‘แžธแž•แŸ’แžŸแžถแžšแžŠแŸ‚แž›แž€แŸ†แž–แžปแž„แžšแžธแž€แž…แž˜แŸ’แžšแžพแž“ แž“แžทแž„แž“แŸ…แž€แŸ’แž“แžปแž„แžแŸ†แž”แž“แŸ‹แžŠแŸ‚แž›แž˜แžถแž“แžแž˜แŸ’แžšแžผแžœแž€แžถแžšแžแŸ’แž–แžŸแŸ‹แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“แžแŸ’แž˜แžธแŸ”แž แžถแž“แžทแž—แŸแž™แž“แŸƒแž‚แž˜แŸ’แžšแŸ„แž„แž€แžถแžšแž‘แžทแž‰แž‘แžปแž€แž˜แžปแž“แž‘แŸ„แŸ‡แž”แžธแž‡แžถแž˜แžถแž“แž‚แžปแžŽแžŸแž˜แŸ’แž”แžแŸ’แžแžทแž‡แžถแž…แŸ’แžšแžพแž“แž€แŸแžŠแŸ„แž™ แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŠแŸ‚แž›แž˜แžทแž“แž˜แžถแž“แž‚แž˜แŸ’แžšแŸ„แž„แž“แžนแž„แž˜แž€แž‡แžถแž˜แžฝแž™แž“แžนแž„แž แžถแž“แžทแž—แŸแž™แž˜แžฝแž™แž…แŸ†แž“แžฝแž“แŸ” แž‡แžถแžงแž‘แžถแž แžšแžŽแŸ แžœแžถแžแŸ‚แž„แžแŸ‚แž˜แžถแž“แž แžถแž“แžทแž—แŸแž™แžŠแžผแž…แž‡แžถแž€แžถแžšแžขแž—แžทแžœแžŒแŸ’แžแž“แŸแžขแžถแž…แž“แžนแž„แžแŸ’แžšแžผแžœแž–แž“แŸ’แž™แžถแžšแž–แŸแž› แžฌแžŸแžผแž˜แŸ’แž”แžธแžแŸ‚แž›แžปแž”แž…แŸ„แž›แž€แžถแžšแžŸแžถแž„แžŸแž„แŸ‹ แžŠแŸ„แž™แž‘แžปแž€แžฑแŸ’แž™แžขแŸ’แž“แž€แž‘แžทแž‰แž˜แžทแž“แžขแžถแž…แž€แžถแž“แŸ‹แž€แžถแž”แŸ‹ แžฌแž›แž€แŸ‹แž”แžถแž“แŸ” แž›แžพแžŸแž–แžธแž“แŸแŸ‡ แžขแŸ’แž“แž€แž‘แžทแž‰แžขแžถแž…แž“แžนแž„แžแŸ’แžšแžผแžœแž”แž„แŸ‹แžšแŸ†แž›แŸ„แŸ‡แž–แŸแž‰แž˜แžฝแž™แžŠแŸ†แžŽแžพแžšแž€แžถแžšแžŸแžถแž„แžŸแž„แŸ‹ แžŠแŸ‚แž›แžขแžถแž…แž‡แžถแž”แž“แŸ’แž‘แžปแž€แž แžทแžšแž‰แŸ’แž‰แžœแžแŸ’แžแžป แž”แŸ’แžšแžŸแžทแž“แž”แžพแž–แžฝแž€แž‚แŸแž˜แžทแž“แžขแžถแž…แž’แžถแž“แžถแž”แžถแž“แž“แžผแžœแž แžทแžšแž‰แŸ’แž‰แžœแžแŸ’แžแžป แžฌแž”แŸ’แžšแžŸแžทแž“แž”แžพแž€แžถแž›แŸˆแž‘แŸแžŸแŸˆแžšแž”แžŸแŸ‹แž–แžฝแž€แž‚แŸแž•แŸ’แž›แžถแžŸแŸ‹แž”แŸ’แžแžผแžšแŸ” แžœแžถแž‡แžถแž€แžถแžšแž”แŸ’แžšแžŸแžพแžšแž€แŸ’แž“แžปแž„แž€แžถแžšแž˜แžถแž“แž€แžทแž…แŸ’แž…แž–แŸ’แžšแž˜แž–แŸ’แžšแŸ€แž„แž‡แžถแž˜แžปแž“แž‡แžถแž˜แžฝแž™แžขแŸ’แž“แž€แžขแž—แžทแžœแžŒแŸ’แžแž“แŸ แž˜แžปแž“แž–แŸแž›แž…แžปแŸ‡แž แžแŸ’แžแž›แŸแžแžถแž›แžพแž€แžทแž…แŸ’แž…แž–แŸ’แžšแž˜แž–แŸ’แžšแŸ€แž„แž›แž€แŸ‹ แž“แžทแž„แž‘แžทแž‰แžšแž”แžŸแŸ‹แžขแŸ’แž“แž€ (SPA) แž‡แžถแž–แžทแžŸแŸแžŸแžŠแŸ†แž”แžผแž“แŸ’แž˜แžถแž“แž•แŸ’แž“แŸ‚แž€แž…แŸ’แž”แžถแž”แŸ‹แŸ”แžแžพแžŠแŸ†แžŽแžพแžšแž€แžถแžšแž“แŸแŸ‡แž˜แžถแž“แž›แž€แŸ’แžแžŽแŸˆแžŠแžผแž…แž˜แŸ’แžแŸแž…?แžŠแŸ†แžŽแžถแž€แŸ‹แž€แžถแž›แž“แŸƒแž€แžถแžšแžขแž—แžทแžœแžŒแŸ’แžแžŠแŸ‚แž›แž‡แžถแž’แž˜แŸ’แž˜แžแžถแž€แžทแž…แŸ’แž…แž–แŸ’แžšแž˜แž–แŸ’แžšแŸ€แž„แž‘แžถแŸ†แž„แžกแžถแž™แž“แŸƒแž‚แž˜แŸ’แžšแŸ„แž„แž€แžถแžšแž‘แžทแž‰แž‘แžปแž€แž˜แžปแž“แžขแžถแž…แž‘แž‘แžฝแž›แž”แžถแž“แž“แžผแžœแž€แžถแžšแž•แŸ’แžแž›แŸ‹แž‡แžผแž“แž‡แžถแž–แžทแžŸแŸแžŸแžŠแŸ„แž™แžแŸ’แžšแžผแžœแž”แžถแž“แž แŸ…แžแžถแžŠแŸ†แžŽแžถแž€แŸ‹แž€แžถแž›แž˜แžปแž“แž–แŸแž›แžŸแž˜แŸ’แž–แŸ„แž’แŸ” แž…แŸ†แž–แŸ„แŸ‡แžขแŸ’แž“แž€แžœแžทแž“แžทแž™แŸ„แž‚แž€แŸแžŸแŸ’แžแžทแžแž“แŸ…แž€แŸ’แž“แžปแž„แžŠแŸ†แžŽแžพแžšแž€แžถแžšแž”แž‰แŸ’แž‡แžถแž€แŸ‹แž‚แž˜แŸ’แžšแŸ„แž„แž‘แž‘แžฝแž›แž”แžถแž“แž€แžถแžšแžขแž“แžปแž‰แŸ’แž‰แžถแž แž“แžทแž„แž’แŸ’แžœแžพแž€แžถแžšแž”แŸ‰แžถแž“แŸ‹แž”แŸ’แžšแž˜แžถแžŽแž“แžผแžœแž•แž›แž”แŸ‰แŸ‡แž–แžถแž›แŸ‹แž”แžšแžทแžŸแŸ’แžแžถแž“แž•แž„แžŠแŸ‚แžšแŸ” แž™แŸ‰แžถแž„แžŽแžถแž˜แžทแž‰แž‘แŸ„แŸ‡แž‡แžถแž“แŸ…แžŠแŸ†แžŽแžถแž€แŸ‹แž€แžถแž›แžŠแŸ†แž”แžผแž„แž“แŸแŸ‡แž€แŸแžŠแŸ„แž™แž–แžผแž€แž‚แŸแžแŸ’แžšแžผแžœแž€แžถแžšแžแžœแžทแž€แžถแžŠแžพแž˜แŸ’แž”แžธแžšแžปแž‰แž…แŸ’แžšแžถแž“แž‚แž˜แŸ’แžšแŸ„แž„แžฒแŸ’แž™แž‘แŸ…แž˜แžปแžแŸ”แžŠแŸ„แž™แž แŸแžแžปแžแžถ แž€แžถแžšแž‡แžถแžœแž“แŸ…แž…แŸ†แžŽแžปแž…แž“แŸแŸ‡แžšแžฝแž˜แž”แž‰แŸ’แž…แžผแž›แž“แžผแžœแž€แžถแžšแžšแž„แŸ‹แž…แžถแŸ†แž–แŸแž›แžœแŸแž›แžถแžœแŸ‚แž„แž†แŸ’แž„แžถแž™แžŸแž˜แŸ’แžšแžถแž”แŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŠแžพแž˜แŸ’แž”แžธแžฒแŸ’แž™แž˜แžถแž“แž€แžถแžšแžŸแž˜แŸ’แžšแŸแž… แž“แžทแž„แžœแžถแž˜แžถแž“แž แžถแž“แžทแž—แŸแž™แž…แŸ’แžšแžพแž“แž‡แžถแž„แžŠแŸ†แžŽแžถแž€แŸ‹แž€แžถแž›แž”แž“แŸ’แž‘แžถแž”แŸ‹แŸ—แž แžพแž™แž‡แžถแž’แž˜แŸ’แž˜แžแžถแž–แžฝแž€แž‚แŸแž•แŸ’แžแž›แŸ‹แž‡แžถแž‚แŸ’แžšแžฟแž„แž›แžพแž€แž‘แžนแž€แž…แžทแžแŸ’แžแž‡แžถแž…แŸ’แžšแžพแž“แž‘แŸ…แž€แžถแž“แŸ‹แžขแžแžทแžแžทแž‡แž“แžŠแŸ†แž”แžผแž„แŸ—แž‘แžถแŸ†แž„แžกแžถแž™แŸ” แž”แž“แŸ’แžแŸ‚แž˜แž–แžธแž›แžพแž€แžถแžšแž”แž‰แŸ’แž…แžปแŸ‡แžแž˜แŸ’แž›แŸƒแž‘แžถแŸ†แž„แž“แŸแŸ‡แž–แžฝแž€แž‚แŸแž”แŸ’แžšแž แŸ‚แž›แž‡แžถแž•แŸ’แžแž›แŸ‹แž“แžผแžœแž€แžถแžšแž’แžถแž“แžถแž“แŸƒแž€แžถแžšแž”แž„แŸ’แžœแžทแž›แž”แŸ’แžšแžถแž€แŸ‹แž‡แžฝแž›แž‘แžถแŸ†แž„แžกแžถแž™แž“แžผแžœแž‡แž˜แŸ’แžšแžพแžŸแž แžทแžšแž‰แŸ’แž‰แžœแžแŸ’แžแžปแžฑแž€แžถแžŸแž•แŸ’แžŸแŸแž„แŸ—แž€แŸ’แž“แžปแž„แž€แžถแžšแž‘แž‘แžฝแž›แž”แž‰แŸ’แž‡แžถแž‘แžทแž‰แž“แžผแžœแž™แžผแž“แžธแžแžŠแŸ†แž”แžผแž„แŸ— แž“แžทแž„แž€แžถแžšแž›แžพแž€แž‘แžนแž€แž…แžทแžแŸ’แžแž•แŸ’แžŸแŸแž„แŸ—แž‘แŸ€แžแŸ”แžแžถแŸ†แž„แž–แžธแž€แžถแžšแž•แŸ’แžŸแž–แŸ’แžœแž•แŸ’แžŸแžถแž™แž–แžธแžŠแŸ†แž”แžผแž„แŸ—แžšแž แžผแžแž˜แž€แžŠแž›แŸ‹แž–แŸแž›แž“แŸแŸ‡แžแžพแž›แŸ„แž€-แžขแŸ’แž“แž€แž–แŸแž‰แž…แžทแžแŸ’แžแž“แžผแžœแžขแžแŸ’แžแž”แž‘แž‘แžถแŸ†แž„แž“แŸแŸ‡แž˜แŸ‚แž“แž‘แŸ? แžแžŽแŸˆแž–แŸแž›แžŠแŸ‚แž›แž€แžถแžšแžšแŸ†แž—แžพแž”แž“แŸแŸ‡แž›แŸแž…แž‡แžถแžšแžผแž”แžšแžถแž„แž“แŸ…แž€แŸ’แž“แžปแž„แž”แžšแžทแž™แžถแž€แžถแžŸแžŠแŸ‚แž›แž˜แžถแž“แž›แž€แŸ’แžแžŽแŸˆแž”แŸ’แžšแž€แžฝแžแž”แŸ’แžšแž‡แŸ‚แž„แž˜แžฝแž™แž“แŸแŸ‡แžŠแžผแž…แž‡แžถแžขแŸ’แžœแžธแžŠแŸ‚แž›แžขแŸ’แž“แž€แž˜แžพแž›แžƒแžพแž‰แž“แŸ…แž€แŸ’แž“แžปแž„แž‘แžธแž€แŸ’แžšแžปแž„แž—แŸ’แž“แŸ†แž–แŸแž‰แž“แŸ…แž€แŸ’แž“แžปแž„แž€แžถแžšแž€แžพแž“แžกแžพแž„แž“แžผแžœแžแžปแž“แžŠแžผ แž“แžทแž„แž”แžปแžšแžธแžแŸ’แž˜แžธแŸ—แž“แžถแž–แŸแž›แž“แŸแŸ‡แžœแžถแž€แžถแž“แŸ‹แžแŸ‚แž˜แžถแž“แž›แž€แŸ’แžแžŽแŸˆแž„แžถแž™แžŸแŸ’แžšแžฝแž›แž€แŸ’แž“แžปแž„แž€แžถแžšแž’แŸ’แžœแžพแž€แžถแžšแžŸแž˜แŸ’แžšแŸแž…แž…แžทแžแŸ’แžแžŠแŸ„แž™แž˜แžทแž“แž”แžถแž“แž‚แžทแžแž‘แžปแž€แž‡แžถแž˜แžปแž“แŸ” แž“แŸ…แž€แŸ’แž“แžปแž„แž‚แŸแž แž‘แŸ†แž–แŸแžš Realestate.com.kh แž™แžพแž„แžแŸ’แž‰แžปแŸ†แžแŸ‚แž„แžแŸ‚แžŸแž„แŸ’แž€แžแŸ‹แž’แŸ’แž„แž“แŸ‹แžแžถแž›แŸ„แž€-แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแž’แŸ’แžœแžพแž€แžถแžšแžŸแŸ’แžšแžถแžœแž‡แŸ’แžšแžถแžœแžŠแžพแž˜แŸ’แž”แžธแž–แžทแž…แžถแžšแžŽแžถแž˜แžปแž“แž–แŸแž›แž’แŸ’แžœแžพแž€แžถแžšแž‘แžทแž‰แž‚แž˜แŸ’แžšแŸ„แž„แž‘แžปแž€แž˜แžปแž“แŸ” แž–แžฝแž€แž™แžพแž„แž“แŸ…แž‘แžธแž“แŸแŸ‡แžŠแžพแž˜แŸ’แž”แžธแž‡แžฝแž™แž‡แžถแž‚แž“แŸ’แž›แžนแŸ‡แž€แžถแžšแž”แŸ†แž—แŸ’แž›แžบแž•แŸ’แž›แžผแžœแžŸแž˜แŸ’แžšแžถแž”แŸ‹แž€แžถแžšแžœแžทแž“แžทแž™แŸ„แž‚แžšแž”แžŸแŸ‹แž›แŸ„แž€-แžขแŸ’แž“แž€แžŸแžผแž˜แž…แžผแž›แž‘แŸ…แž€แŸ’แž“แžปแž„แž‚แŸแž แž‘แŸ†แž–แŸแžš www.realestate.com.kh/news แžŠแžพแž˜แŸ’แž”แžธแžŸแŸ’แžœแŸ‚แž„แž™แž›แŸ‹แž”แž“แŸ’แžแŸ‚แž˜แž“แŸ…แžแŸ’แž„แŸƒแž“แŸแŸ‡แŸ• ย แžŸแŸ’แžœแŸ‚แž„แžšแž€แž‚แž˜แŸ’แžšแŸ„แž„แž€แžถแžšแž‘แžทแž‰แž‘แžปแž€แž˜แžปแž“แž”แž“แŸ’แžแŸ‚แž˜แž“แŸ…แž›แžพย Realestate.com.kh!
Cambodia: Retirement mecca for expats
Cambodia: Retirement mecca for expats
June 6, 2022, 5:06 p.m.
Realestate News
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 retirementย destinations guarantees a better quality of life for pensioners. In the past 10 years the Kingdom of Cambodia has become one of Southeast Asiaโ€™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.ย 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 getย there, everything from entertainmentย to renting is veryย 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 Cambodiaโ€™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 Cambodiaโ€™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 theย development of โ€œspecial residencesโ€ throughout Cambodiaย withย commercial tourist properties and a wide range of usefulย facilities. โ€œSpecial touristsโ€ 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 viยญsas, according to the draft of the policy.Find out why Chroy Changvar is becoming a development mecca!
Looking ahead: Knight Frank latest sector review
Looking ahead: Knight Frank latest sector review
June 6, 2022, 5:05 p.m.
Realestate News
Knight Frankโ€™s latest Cambodia Real Estate Highlights report released today says โ€œthe 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,โ€ with the top five investing countries being Korea, China, Japan, Britain and Malaysia. ย ย 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 Towerโ€™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 Maybankโ€™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 Cambodiaโ€™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 Sectorโ€œRental and occupancies within the retail sector remained relatively stable in the second half of 2015,โ€ 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 groupโ€™s second mall in Phnom Penh, as well as Orkidรฉ The Royal Condominiumโ€™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, โ€œIncreasing scheduled flights from destinations within Asia has led to growing demand for hotel assets, particularly in the coastal region of Sihanoukvilleโ€.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. ย 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 Penhโ€™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 โ€“ 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 โ€œWhile 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.โ€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 โ€œthe majority of launched projects have focused their marketing outside of Cambodia due to higher investor interest overseas,โ€ 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, ย 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.
Hotel Okura buy into The Bay
Hotel Okura buy into The Bay
June 6, 2022, 5:05 p.m.
Realestate News
Phnom Penh: Hotel Okura Co., Ltd. has justย announced a contract with TEHO Development Cambodia Pte Ltd. to facilitate development and management of ย "The Okura Prestige Phnom Penh," set to launch 2019. The 40 floor, 250 unit hotel will be part of The Bayย project. Located just 17 kilometers from the Phnom Penh International Airport, the Bay complex will provide the hotel with lushย views acrossย 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 throughย Okura Nikko Hotel Management Co., Ltd., currentlyย 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.โ€œWe are greatly honored to bring our hotel to Phnom Penh, Cambodiaโ€™s vibrant center of economy and commerce and a hub between Ho Chi Minh City and Bangkok,โ€ 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,โ€ said Ogita.Want to buy a unit in The Bay? Check out the full listing on Realestate.com.kh today!
Location Profile: Chroy Changvar
Location Profile: Chroy Changvar
June 6, 2022, 5:06 p.m.
Realestate News
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 โ€˜satellite citiesโ€™ 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.โ€œThe land price is still lower compared to nearby districts such as Ruessie Kaev and Daun Penh,โ€ says Mr. In Sitha, director of business development at VTrust Appraisal, โ€œAnd only threeย kilometersย from Phnomย Penhโ€™s city centre.โ€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. โ€œThere 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,โ€ 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 inย Chroy ChangvarBUY property inย Chroy Changvar