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Real Estate Investment Tips
Real Estate Investment Tips
June 6, 2022, 5:05 p.m.
Realestate News
Is it true that you are considering a real estate investment? Would you like to purchase another residence or perhaps buy another to restore? In any case, this article will give you some good advice. This data can place you in the best position to succeed. You'll be all around arranged in using sound judgment with regards to putting into real estate investment. Ensure that you make a course of action for what you craving to finish. If you want to save your time then figure out the time needed for the process. Once you developed a plan, meet with the person in charge to talk about deal that you need to accomplish. There are times when its hard for you to decide on a certain deal or property, if that consumes too much effort and time, then it might not be the right deal. Proceed onward and ensure you don't pass up a great opportunity for the other extraordinary investment out there. Ensure you have a financial plan when you put resources into real estate that include the amount you must pay to repair the house you're purchasing. You would prefer not to blow your cash on getting real estate just to discover that you can't bear to repair it up. Your decisions range from purchasing and flipping, purchasing and renovate or purchasing and leasing. It is better to master one of the three decisions than do the two or three. After all, you will make profit over the long haul by purchasing and holding. Never buy a property if just simply want to add to the total property you own. Despite the fact that many people do this, most learn in the most difficult way possible that it isn't wise. When you concentrate on fewer real estate investment, you will have a better investment success rate. Additionally, this is to making sure your investments are great. Continuously have an plan for your investment. What is your objective? How are you going to accomplish that? Do you have any partner or you are by yourself? Do you have an approach to get it? It is really important to invest time making a plan so that you realize what you are going in. Prior to scouting homes, its better to check your funding. You should know where the finance will come from, otherwise you are just wasting your time. The good Investor always interested in the best properties. Proper education in real estate can get you lot of profit. Keep reading our articles to boost your knowledge about real estate investment.
Development At Sihanoukville, An Integrated Lifestyle Dโ€™Seaview
Development At Sihanoukville, An Integrated Lifestyle Dโ€™Seaview
June 6, 2022, 5:05 p.m.
Realestate News
Camhomesโ€™ maiden mixed development at Sihanoukville, Dโ€™Seaview, aims to bring an integrated concept of living to Sihanoukville, which focuses on the convenience that only a mixed development can offer: living and shopping at the highest standards in the same building. Besides offering high quality homes while retaining affordable prices, Camhomesโ€™ Group General Manager, Ryan Ong, also emphasised on the potential capital appreciation and first moversโ€™ advantage for buyers who invest in a Dโ€™Seaview unit, regardless of whether they are residential or commercial buyers. Investing in a mixed development at Sihanoukville that comes to life through commercial and residential owners and tenants, acts as a hedge against future inflation. Having the advantage of being in a prime economic seaside location like Sihanoukville, with its deep-sea port, Special Economic Zone, international airport, as well as its oil and gas industry commencing operations soon, Dโ€™Seaview is the market leader in high-standard condos that extends its services beyond just quality housing and to the world of commerce. โ€œWith Sihanoukville being an up-and-coming booming coastal city, it is only a matter of time before more foreign businesses start coming into this province, and when that happens, housing will be the first few things they will look out for, thus we are hoping to fill up this hole,โ€ Ong explains. Envisioning what expatriates and locals would appreciate within such a mixed development at Sihanoukville, Dโ€™Seaview places its focus on the integration of convenience, facilities, lifestyle, and status. In addition to its two residential towers, Dโ€™Seaview has four commercial blocks comprising 66 units. These include a vast ground-level space of approximately 500 square metres dedicated solely to F&B, either a food-court or a restaurant, which is priced at an estimated $1.7 million. Also, there is the second level that will be left as a wide plan for retail purposes. From the third to the seventh levels are smaller commercial units with high ceilings and floor-to-ceiling windows. Dโ€™Seaview also has a hotel block, which is open to investors, as well as local shophouse-style blocks that are targeted at Cambodians who would like to set up their business as well as live there. A typical commercial block features a third-storey roof terrace, which Dโ€™Seaview visualises to be a childcare centre, a spa, a salon, or even a family karaoke lounge hall. However, the final outcome depends on the imagination of the buyer. The variety and potential of Dโ€™Seaviewโ€™s commercial hemisphere brings the term mixed development to a whole new level, โ€œwhich will be satisfying a lot of purchasersโ€™ requirements and demands,โ€ as explained by Ong. Such is the flexibility of Dโ€™Seaview in catering to its commercial purchasersโ€™ needs that if a buyer wants to purchase an entire floor, Camhomes will be more than willing to work with them and help them in re-designing the floor plan. The starting price per square metre for a commercial unit within the compound is from $1619. Some commercial units have already been sold since the launch of its retail store spaces last weekend. With a ready pool of customers from the 735 units of residences and the 98-room hotel, Dโ€™Seaviewโ€™s commercial hub looks to be abuzz with consumer activities once the development is completed in Q1 of 2018. Open to the public, the lifestyle element is a factor of appeal, as the commercial units will feature a slew of trendy bistros and cafes that has the potential to be the new uptown of Sihanoukville. Dโ€™Seaview envisions itself to be a cosmopolitan hub with a balanced mix of locals and foreigners. On what sets Dโ€™Seaview apart from other housing developments, Ong elaborates, โ€œwe have the advantage of the seaside and close proximity to the port, thus reducing travel and delivery of consumer goods. Our central location among the seaport, airport, and the future highway connecting Sihanoukville to Phnom Penh, is also another great advantage.โ€ Realise your housing and commercial dreams now; visit Camhomesโ€™ Dโ€™Seaview showroom at Canadia Towers and talk to their property consultants, call their hotline at 023 985 828 / 097 768 9090. Phnom Penh Post, Post Property.
Investor Holidays: See, Smell, Hear, Touch and Buyโ€ฆ
Investor Holidays: See, Smell, Hear, Touch and Buyโ€ฆ
June 6, 2022, 5:06 p.m.
Realestate News
Local and internationally-based real estate agencies, as well as new development sales teams, are using investment junkets to encourage foreign investment into Cambodian real estate, especially for bigger developments that largely depend on cash from overseas. โ€œInvestment tours provide a unique opportunity for personal interaction to close the gap between the investor and the opportunity,โ€ says Grant Fitzgerald, general manager of IPS Cambodia. โ€œThis can range from professional meetings with local fund managers and banks, development company headquarters, showrooms, law offices, accountants and even local government representatives.โ€ These tours, aimed to grease the wheels and spur investment, are typically subsidized by the agency or developer, and can last from as little as a few days to a week. They will always include visits to popular development corridors, such as Chroy Changvar and Diamond Island, says David Kim, CEO of Informax Real Estate Service. Imtiaz Panjwani, chairman of Seer Realty India and Ivanna Capital London, who consults on London and Dubai properties, as well as overseeing various international investment accounts, is one investor who joined a tour earlier this year. โ€œLiving and working in London real estate, few investors venture all the way to Cambodia,โ€ he remarked. โ€œBut the chance to relax in a tourism hotspot such as Cambodia has recently become, and also survey the rising property market was, irresistible.โ€ Yet, while the tours are focused on bringing in cash, one of the main goals is to present Cambodia as a whole. Investors generally undertake trips to main attractions, and spend nights out on the town with their fellow investors. โ€œWhile I came as investor, I had to check out Angkor Wat while I was here and try the local bar and cuisine scene,โ€ said Panjwani. Ly Senleap, CEO of Furi Real estate and F.U.G.I Investment, said that investor tours seek to defeat an outdated mindset. โ€œHonestly, before I came to Cambodia, I expected to land in little more than a large village,โ€ said Panjwani. While Cambodiaโ€™s construction boom continues, and the country grapples with wrestling itself out of least-developed country status, many perceptions of the wealth of the country have been overlooked, despite nearly two decades of swift economic growth. Kim recalls when one group of investors brought boxes of Coca Cola to their Cambodian partners as gifts when they arrived. โ€œThey thought this would be a novelty for Cambodian people. Little did they know, Cambodia already has its own Coca Cola factory. This is just a funny story, but it is true that many investors are genuinely surprised by the level of wealth among local people when they first arrive.โ€ ย  โ€œDue to Cambodiaโ€™s history and lasting international image, buyers need to witness the growth of the nation for themselves and see just how far from reality the stigma actually lies,โ€ Ly said. With this in mind, Lyโ€™s company, F.U.G.I Investment, is currently planning an investorโ€™s seminar to be held in Phnom Penh in early 2016. Due to fluctuating investment conditions in their home economies,Kim says most tours bring potential buyers from Singapore, Taiwan and mainland China. Meanwhile, few Japanese and Western investors currently make the trip. While these tours aim to wine and dine investors by ramping up a hands-on sales pitch as many sales are sold on speculation, Ly notes that for developers who offer guaranteed rental returns, these tours can legitimise a development. โ€œIf the area is growing fast, and current price increases reflect the estimated potential of the proposed Guaranteed Rental Return (GRR) - buyers will have confidence that promised GRR will, in fact, come once the project reaches completion,โ€ he says. However, some think that it takes more than just a stroll around the block to prove if an investment will pay off. "Finding a property with good capital growth profit and positive rental yields is like finding a rare gem,โ€ says Edwin Low, general manager of Axis Residences. โ€œYou can research on the rental yields from the surrounding properties but you need real foresight to recognise the growth potential. Investor holidays provide at least a start." While these tours aim to bring a superficial understanding to a burgeoning market, Chee Yap, project director at Grand Phnom Penh International City, believes that a short holiday tour does not provide a true insight into local business and consumer behavior, โ€œor undefined regulations and policies in Cambodia.โ€ โ€œInvestors must also meet with investors already settled in the country who are aware of these less obvious risks, and their countryโ€™s embassy representatives. Always obtain third party perspectives and advice,โ€ he advised. Kim suggests investor tours are not seeking to sidestep risks by painting a rosy scenario, but rather to put Cambodian property risks into perspective. โ€œAs high risks always come with high returns, it is important to let investors visit Cambodia to see what the marketโ€™s risks really are and how best to control them.โ€ Many investors eyeing Cambodia already understand that poorer countries have bigger potential for investment, he explained. While many foreigners have concerns over Cambodiaโ€™s political stability, he says โ€œif they visit here they will soon see the market is stable for economic growth.โ€ After one visit, Panjwani views the boom in Cambodian construction as the start of something much larger. He plans to enter investment opportunities in 2016. โ€œPhnom Penh brought flashbacks of the development of the Indian property market of the 1990s and early 2000s. The potential is here,โ€ he said, noting that the heavy construction on Diamond Island was also reminiscent of Dubai in 2002 when freehold ownership laws for foreigners were allowed. โ€œThe government of Cambodia should market Cambodia very aggressively as a destination for travel and investment,โ€ said Panjwani. โ€œIt is of paramount importance to get people to visit Cambodia and change its perception.โ€
Savills Enters the Cambodian Real Estate Market
Savills Enters the Cambodian Real Estate Market
June 6, 2022, 5:06 p.m.
Realestate News
International property consultancy, Savills, signed a contract earlier this month with Keystone Property Consultants to make the local firm the Cambodia-based associate of Savills.The move strengthens Savillsโ€™ presence in South East Asia, and increases Savillsโ€™ Asia Pacific presence to 58 operations across 17 countries in the region. Sunny Soo, Managing Director of Keystone, has been working in emerging real estate markets in Malaysia, China and Mongolia since 1997. He arrived in Cambodia in 2010 and continued in the same profession. Soo says, โ€œThe hardware of the Cambodian property market is upgrading quickly; in a very short space of time, the country has become host to a new breed of world class projects that will change the city skyline beyond recognition. The advancement of these developments also means the software must keep up, and this means more professional and holistic real estate consultancy is in demand.โ€Savills, with their Indochina representative in Vietnam, has been in close contact with developers in Cambodia for over a decade. Hence, the Cambodian extension, through the association with a local sought after consultancy, is only natural, says Soo.Neil MacGregor, Managing Director of Savills Vietnam, said, โ€œCurrent international clients of Savills were seeking investment consultancy and other services within Cambodia and Indochina region. The association with Keystone though will allow us to leverage both partiesโ€™ expertise, will further strengthening Savills portfolio across this dynamic region.โ€Soo also commented that a considerable amount of current projects underway in the Cambodian real estate market currently may encounter difficulties in the future due to lack of necessary preparation and calculated foresight in planning. โ€œWe are wishful for the opportunity to serve the industry and hopefully in time the market will recognize and welcome us as a valued consultantโ€, he said.Presently in the development of business infrastructure, expect to see the physical launch of the Savillsโ€™ association - Keystone in early 2016.
แžŸแŸ’แžœแŸ‚แž„แž™แž›แŸ‹แžขแŸ†แž–แžธแžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แž“แŸ…แž€แž˜แŸ’แž–แžปแž‡แžถ
แžŸแŸ’แžœแŸ‚แž„แž™แž›แŸ‹แžขแŸ†แž–แžธแžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แž“แŸ…แž€แž˜แŸ’แž–แžปแž‡แžถ
June 6, 2022, 5:01 p.m.
Realestate News
(แž‚แž˜แŸ’แžšแŸ„แž„แžขแž‚แžถแžšแžแŸ’แž–แžŸแŸ‹แŸ—แž“แŸ…แž€แŸ’แž“แžปแž„แžแŸ†แž”แž“แŸ‹แž–แžถแžŽแžทแž‡แŸ’แž‡แž€แž˜แŸ’แž˜แž€แžŽแŸ’แžแžถแž›แž‘แžธแž€แŸ’แžšแžปแž„แž—แŸ’แž“แŸ†แž–แŸแž‰)ย แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แž‚แžบแž‡แžถแž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“แž”แŸ‚แž”แžแŸ’แž˜แžธแž“แŸ…แž€แŸ’แž“แžปแž„แžšแžถแž‡แž’แžถแž“แžธแž—แŸ’แž“แŸ†แž–แŸแž‰ แžแŸแžแŸ’แžแžŸแŸ€แž˜แžšแžถแž” แž“แžทแž„แž€แŸ’แžšแžปแž„แž–แŸ’แžšแŸ‡แžŸแžธแž แž“แžปแŸ” แž‡แžถแž’แž˜แŸ’แž˜แžแžถแž€แž“แŸ’แž›แŸ‚แž„แžŸแŸ’แž“แžถแž€แŸ‹แž”แŸ‚แž”แž“แŸแŸ‡ แž”แžถแž“แž—แŸ’แž‡แžถแž”แŸ‹แž˜แž€แž‡แžถแž˜แžฝแž™แž“แžนแž„แž—แžถแž–แž”แŸ’แžšแžŽแžธแž แžŠแŸ„แž™แž˜แžถแž“แžšแžฝแž˜แž”แž‰แŸ’แž…แžผแž›แž‘แžถแŸ†แž„แž”แžšแžทแž€แŸ’แžแžถแžš แž“แžทแž„แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แž‘แžถแŸ†แž„แžขแžŸแŸ‹แžŠแžพแž˜แŸ’แž”แžธแž”แŸ†แž–แŸแž‰แžแžถแž˜แžแž˜แŸ’แžšแžผแžœแž€แžถแžšแžšแž”แžŸแŸ‹ แž˜แž“แžปแžŸแŸ’แžŸแž‡แŸ†แž“แžถแž“แŸ‹แžแŸ’แž˜แžธแŸ”ย แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แž˜แžถแž“แž…แŸ†แž“แžฝแž“แž…แŸ’แžšแžพแž“แž“แŸ…แž€แŸ’แž“แžปแž„แž‘แžธแž€แŸ’แžšแžปแž„แžŸแŸ†แžแžถแž“แŸ‹แŸ—แž€แŸ’แž“แžปแž„แž”แŸ’แžšแž‘แŸแžŸแž€แž˜แŸ’แž–แžปแž‡แžถ แž”แŸ‰แžปแž“แŸ’แžแŸ‚แžแž˜แŸ’แž›แŸƒแžœแžทแž‰แž˜แžถแž“แž€แž˜แŸ’แžšแžทแžแžแŸ’แž–แžŸแŸ‹ แžแžŽแŸˆแž‘แŸ†แž แŸ†แž“แŸƒแž€แžถแžšแž€แžถแž“แŸ‹แž€แžถแž”แŸ‹แž‘แžผแž‘แŸ…แž“แŸ…แž˜แžถแž“แž€แž˜แŸ’แžšแžทแžแž‘แžถแž”แž“แŸ…แžกแžพแž™แŸ” แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แž‚แžบแž‡แžถแž‡แž˜แŸ’แžšแžพแžŸแž‘แžธแž˜แžฝแž™แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž˜แž“แžปแžŸแŸ’แžŸแžœแŸแž™แž€แŸ’แž˜แŸแž„ แžŠแŸ‚แž›แž…แž„แŸ‹แžšแžŸแŸ‹แž“แŸ…แžฏแž€แžšแžถแž‡แŸ’แž™ แž“แŸ…แž…แŸ†แž€แžŽแŸ’แžแžถแž›แž‘แžธแž€แŸ’แžšแžปแž„ แž‡แžทแžแž€แž“แŸ’แž›แŸ‚แž„แž’แŸ’แžœแžพแž€แžถแžš แž“แžทแž„แž…แŸ†แžŽแŸแž‰แž–แŸแž›แžœแŸแž›แžถแž€แŸ’แž“แžปแž„แž€แžถแžšแž‚แŸ’แžšแž”แŸ‹แž‚แŸ’แžšแž„แž•แŸ’แž‘แŸ‡แŸ” แžขแžถแž•แžถแžแž˜แŸแž“ แž€แžถแž“แŸ‹แžแŸ‚แž˜แžถแž“แž”แŸ’แžšแž‡แžถแž”แŸ’แžšแžทแž™แž—แžถแž–แžแŸ’แž›แžถแŸ†แž„แžกแžพแž„ แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž‚แŸ’แžšแžฝแžŸแžถแžšแžŠแŸ‚แž›แž…แž„แŸ‹แž”แžถแž“แž—แžถแž–แžฏแž€แž‡แž“ แž“แžทแž„แž‚แžปแžŽแž—แžถแž–แž“แŸƒแž€แžถแžšแžšแžŸแŸ‹แž“แŸ…แž€แŸ’แž“แžปแž„แžขแž‚แžถแžšแžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แŸ” แž€แžถแžšแž•แŸ’แž‚แžแŸ‹แž•แŸ’แž‚แž„แŸ‹แžขแžถแž•แžถแžแž˜แŸแž“แž€แŸแž€แŸ†แž–แžปแž„แž˜แžถแž“แž€แŸ†แžŽแžพแž“แžกแžพแž„แž•แž„แžŠแŸ‚แžš แž‡แžถแž˜แžฝแž™แž“แžนแž„แž€แžถแžšแž•แŸ’แžแž›แŸ‹แž‡แžผแž“แž‡แž˜แŸ’แžšแžพแžŸแžแŸ’แž˜แžธแž‡แžถแž…แŸ’แžšแžพแž“ แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž€แžถแžšแž€แžถแž“แŸ‹แž€แžถแž”แŸ‹แž“แŸ…แž†แŸ’แž“แžถแŸ†แŸขแŸ แŸขแŸ  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Serious Investment for Condos in Sihanoukville
Serious Investment for Condos in Sihanoukville
June 6, 2022, 5:06 p.m.
Realestate News
Sihanoukville is becoming more than just a place to soak up the sun on a slow weekend; itโ€™s attracting the interest of serious investors looking to cash-in on a growing middle class in the coastal city.Trade and tourism are the cityโ€™s biggest revenue generators and with growing numbers of tourists and business people who come to invest for condos in Sihanoukville, especially from China and the rest of Asia, property developers are looking for new opportunities to capture these growing markets.One of the upcoming properties set to make an impression of condos in Sihanoukville is Dโ€™Seaview, a 735-unit condominium to be located near Sokha Beach. The project is backed by Singaporean agribusiness company HLH Group Ltd under their newly formed Camhomes branch.ย  Through private subsidies, the company is marketing units as low as $33,000 for Cambodian citizens โ€“ but this subsidized investment opportunity is running out at the end of December 2015. Construction on the project is expected to begin later this year, with a completion date of 2018. New families, young professionals and other prospective buyers will have the chance to secure one of the beautifully appointed units on offer at Dโ€™Seaview available from as little as $675 per square metre. Dโ€™Seaview will boast state-of-the-art facilities including a swimming pool, a fitness centre and sauna, function rooms and a childrenโ€™s playground, all catering to a modern family lifestyle and all with a view over the ocean. Real estate experts say major condominium projects such as Dโ€™Seaview will bring international standards to the city and draw more sophisticated investors. See full details of D'Seaview, condos in Sihanoukville here! Clement Dupont, a property market watcher and investor based in Sihanoukville, said Dโ€™Seaview will give the city a new image, one of luxury and liveability rather than just an affordable holiday destination. โ€œThis will make people realize that condos in Sihanoukville is a worthwhile place to invest money and attract homebuyers who are looking to live and work in a comfortable, classy environment, as the cityโ€™s economy grows from year to year.โ€ โ€œItโ€™ll definitely be interesting to see how the property market pans out once Dโ€™Seaview is complete,โ€ he added. In the first eight months of the year, Sihanoukville airport handled a total of 65,698 passengers, with total arrivals at 35,882, up 149 per cent and 140 per cent year-on-year, respectively. Lucky Air recently launched direct flights from Kunming to Sihanoukville, becoming the first Chinese carrier to offer year-round regular scheduled service to Sihanoukville. โ€œMany Chinese have come here to invest and live and work,โ€ said Y Thearin, a Sihanouk Provincial Hall representative. โ€œTheir investment in the city has become important to the way condos in Sihanoukville is moving forward,โ€ he added. The Chinese influence is certainly becoming noticeable as Chinese-backed casinos and hotels multiply rapidly. One of the largest properties to open recently is the 135-room White Sand Palace, which will also feature a casino set to be open next month, in Occheuteal. The casino industry has doubled since last year to 15 casinos, with an additional five applications pending approval. Spurring this growth is the potential of online gambling which is being offered from the majority of Sihanoukville casinos, says the spokesperson Ministry of Economy and Finance, Ros Phirun. Paralleling Sihanoukvilleโ€™s growth is its property market, with land prices going up fast especially in areas where infrastructure is being improved, says Ruslan Gronov, manager of Sihanoukvilla Real Estate and Consulting. โ€œThe new road that is being upgraded from Sokha to Independence beach is resulting in more land available for sale, while prices are also going up around Otres beach where the road joining National Road 4 and the airport are going up.โ€ Gronov says the rental market for small residential properties has not changed much amid the cityโ€™s growth but rental prices for commercial properties and full buildings have gone up considerably since November last year as the hospitality industry thrives and Chinese business people living in the city push up demand. Here is another article considering the benefits of living and investing in Sihanoukville! Gronov said the lowest price for a one-bedroom apartment with a kitchen is around $250 per month, located in the downtown area away from the beach. For a similar property near the beach the price is around $100 more. โ€œIf you rent commercial and full building, the prices have changed a lot but for residential and small houses itโ€™s the same.โ€ โ€œIt is a good time to invest here in condos in Sihanoukville. Some areas are still growing and the price is growing fast.โ€ Check out the investment opportunity here!Gronov added that the cheapest land prices are around $200 per square meter for land not close the beach, while some of the highest prices are in Otres and the Golden Lion, the cityโ€™s most prominent landmark just a short walk away from Occheuteal Beach where land can go for about $1,000 per square metre. Sihanoukville has maintained a crucial position in the countryโ€™s trade and manufacturing sectors and is set to capitalize on this as the government looks to construct a 190-kilometre-long, 25-metre-wide expressway linking Phnom Penh and Sihanoukville on National Road 4. This project is said to begin next year and finish in 2020. Sihanoukville is home to the countryโ€™s largest port and one of the largest special economic zones, but set to create competition is the development of the Stung Hav Port. LCH Investment Group acquired the more than one thousand hectare Stung Hav site in 2005 and began in 2007 constructing the siteโ€™s small port about 4 km from the entrance. The smaller port opened in July 2012 and handles general cargo but not containers. However as of January this year, American and Singaporean investors pledged investment that will result in construction of the port starting in January 2016. This will take approximately two years to build and once complete, hopes to attract the business of around 75 factories in the Sihanoukville Special Economic Zone who currently use the Sihanoukville port for shipping. Management says the first step will be to build the International port next year and then the economic zone, and hopes to offer more competitive prices to the main Sihanoukville Port and SEZ, which has around 75 mainly Chinese-owned factories who currently use the Sihanoukville port for shipping. Take a look at D'Seaview's convenient finance terms here.
Featured Agent Profile: Furi Real Estate
Featured Agent Profile: Furi Real Estate
June 6, 2022, 5:05 p.m.
Realestate News
Realestate.com.kh would like to present another of our featured agencies โ€“ Furi Real Estate Co., Ltd.Furi Real Estate is the largest pure condo agency in Cambodia, in regards to agencies, agents and overall sales. In late 2012, Furiย Real Estate founded a trade mark limited company under the new brand name: FURI Real Estate Co., Ltd. Furi Real Estate attributes 98 per cent of their condo sales over the last three years to Khmer buyers, according to CEO Ly Senleap.ย Furi Real Estate encourages locals to sell land, pool their savings and buy sets of condo units as live-in investments. By buying several units or a floor at one time, these buyers can save on market prices. Furi Real Estate currently has an exclusive listing over โ€œThe Bay,โ€ an already-renowned condo complex being built on Chroy Changvar by the Singaporean-based TEHO-SBG Development Co., Ltd. Check out The Bay, from Furi, today on Realestate.com.kh today!"Our vision is clear," says Senleap: "To create a state of the art experience in buying and selling real estate, in Cambodia and Southeast Asia. We pride ourselves in understanding clients needs by building trust and developing lifetime relationships." Furi Real Estate seeks to provide excellence inย investment services. Services always push to ensure outstanding and accountable services with integrity to customers, honesty in commitments, transparency with no hidden costs, building relationships and, ultimately, achieving great results. Invest with the best!ย See another superb development from Furi - The Diamond Twin Tower! Furi Real Estate is unique organization built around understanding theirย clientsโ€™ true need of investment. Whether it is location, size, or price - Furi willย have the right fit for your needs through our property network across Cambodia, Singapore, Indonesia, and Hong Kong. Furi'sย real estate, product design, development, sales strategy management, and networking services are customized to meet each clientโ€™s unique needs. Check out two exciting listings from Furi Real Estate on Realestate.com.kh today:The Bay and Diamond Twin Tower.
Expat rentals in Phnom Penh: What you should know
Expat rentals in Phnom Penh: What you should know
June 6, 2022, 5:07 p.m.
Realestate News
Welcome to the first weekly real estate news report for December, 2015 - brought to you by Realestate.com.kh, Cambodiaโ€™s home of real estate, and the leading real estate news source in the Kingdom. This week we talk with Grant Fitzgerald, general manager for IPS Cambodia, about finding the best expat rentals in Phnom Penh. To introduce this week's guest: Grant Fitzgerald is an Australian citizen, who has spent the past six years working in Cambodia and China, and has developed a solid understanding of the complexities of real estate in Phnom Penh. Before joining the IPS real estate company as General Manager, Grant worked for an investment and business consulting firm as a Project Manager specializing in project valuation, due diligence, business planning, financial modeling and fund raising. Grant has also worked in the microfinance industry, focusing on project development and implementation. Grant holds a Bachelor of Commerce majoring in Economics and Finance from Curtin University in Australia, as well as a Post Graduate Diploma in Applied Finance and Investment. Grant - what are the top 3 areas that expats should consider when moving to Phnom Penh? What are the benefits of these areas for expat rentals in Phnom Penh? BKK1 is the most popular area for expat rentals in Phnom Penh. Tonle Bassac and Russian Market offer more value for money and are upcoming areas with a lot of new bars and restaurants. What sort of amenities can expats expect when moving to a home in Cambodia? Are their serviced apartment options? House cleaning? etc. For a serviced apartment you can expect: cleaning, internet, cable TV, parking, security to all be included in the price. There are plenty of options in town now for those looking for a pool and gym too. For standalone apartments, these services are usually excluded and itโ€™s up to the tenant to organise. What are the most common concerns for expats when moving to Cambodia and looking for expat rentals in Phnom Penh? Usually the first question that pops up from new expats when they move to Cambodia is security. Most people jump on information websites and forums and read up a bit about the city before they arrive and usually have heard some stories about security issues in various areas and bring up security as one of their requirements. Another common concern we get is being near construction, new expats often hear horror stories about certain apartments being surrounded by construction which is obviously not ideal. What are the lower, middle and upper end prices an expat should expect to pay when moving to Cambodia and looking for expat rentals in Phnom Penh? For serviced apartments:Lower = $600 - $800Middle = $800 - $1400High = $1500 ++For standalone apartments:Lower = $300 - $500Middle = $550 - $900High = $1,000 ++ What are the secrets to securing a great expat rentals in Phnom Penh at a good price? Look around โ€“ there are plenty of apartment options in PP. Know your requirements. Donโ€™t rush โ€“ head out, take a look at some properties and then relax and sleep on it. Look for a long term lease โ€“ longer term lease gets you more bargaining power. Get help - agents donโ€™t charge fees to the tenant and should be an expat in PP and negotiating with clients. Could you please explain some the top things an expat should be aware of when signing a lease agreement in Cambodia? Be clear about the services included. Maintenance is another area some people get caught on. A lot of landlords here will refuse to pay for repairs and some people get stuck with costs they didnโ€™t expect. Conditions if you break the lease are important to know โ€“ and it is not unusual to lose your deposit. Price of electricity should be defined in the contract. And becareful your new home is not too close to ongoing construction. Here are a few more tips for preparing a good expat rental contract! What are the typical prices for utilities such as electricity, water, internet, cable etc monthly? Electricity: $0.25/kW โ€“ 1 bed between $40 and $80/month depending on a/c. 2 bedroom you are probably looking at around $80 โ€“ 120/month for moderate use. Water: $2 - $10/month. Wifi: $12 - $60/ month, depending on download limit and speed. Cable TV: $5 - $10/month. Cleaning: $30 for one time month, $60 for twice per month. Whatโ€™s the best place to start an expat rental search? IPS Cambodia and REALESTATE.COM.KH websites are great tools to get you started. Here you can find the largest selection of quality expat rentals in Phnom Penh. What are some of the benefits of using IPS Cambodia to source an expat rentals? ย  Firstly, we are a completely free service to all tenants. We are expats helping expats - We know all the ins and outs with negotiation, contracts and we have long standing relationships with landlords. This means we can often get discounts or conditions not available to the general market. Thanks for tuning in to this weekโ€™s real estate news report - brought to you by Realestate.com.kh, Cambodiaโ€™s home of real estate, and the leading real estate news source in the Kingdom. Make sure you subscribe to our Youtube Channel to keep up to date with the latest real estate news and analysis. Andย Check out another interesting real estate news interview here!
Selena Gomez's Party-Friendly House for Sale
Selena Gomez's Party-Friendly House for Sale
June 6, 2022, 5:05 p.m.
Realestate News
Pop star Selena Gomez has put her Calabasa house for sale. And if you are in the market for a party house for sale, the celebrity's compound is available for just US$4,495,000...Sheย purportedly wants to catch a decent profit for her eighteen months investment. The "Wizards of Waverly Place" album has gotten to be something of a wiz at the land biz. She purchased the 7,700-square-foot house for sale at $3.7 million in 2014. Is this house for sale going to be "Great for You?" For anyone on a hunt for a superstar then the answer is yes... Do you think Tailor Swift would buy her house? The new proprietor will move into a customย home withย five bedrooms, five chimneys, a gourmet expert's kitchen with breakfast alcove, a formal lounge area with floor-to-ceiling windows, a gym , a theater, an outdoor courtyard and a guesthouse. Fashionistas will mostly appreciate the enormous wardrobe.ย Invite all your friend lists or families for gatherings in the "great lawn" that features a pool, cabana, an outside kitchen and pizza broiler. While the estate charges itself as "private and extremely rare," it wasn't sufficiently private for Gomez. As per TMZ, various calls to 911 about gatecrashers most likely prompted her choice to put up the house for sale. Gomez has some an opportunity to scout out her next land find. The 23-year-old will be on tourย beginning in 2016....
Sihanoukville Property Takes A Hit
Sihanoukville Property Takes A Hit
June 6, 2022, 5:05 p.m.
Realestate News
Sihanoukville property market has taken a blow since Chinese nationals living and working in the city upped and left following last monthโ€™s police arrest and extradition of 168 Chinese, local real estate agents say.On October 31, Cambodian immigration police working with Chinese Interpol agents raided a villa and a guesthouse in Sihanoukville, busting a ring that was using an internet-based telephone system to extort money from victims back in China. Many of those arrested in the Cambodian raids were working in casinos in Sihanoukville, an industry that has seen strident growth on the back of Chinese investment in the past year, but which will be challenged after hotel and casino owners told The Post last month they have suffered immense losses and risk bankruptcy. Check out Sihanoukville property for sale here.Bonna Realty Groupโ€™s valuation manager in Sihanoukville, Phourn Sophy, said the sudden departure of Chinese investors, workers and tourists who have left the coastal city en masse and put investments and staffing in disarray, has also seen such tenants renege on their rental agreements and contracts. โ€œSuddenly, the Chinese people just left, leaving Sihanoukville property developers worried,โ€ he said. Those that are still here have cut down on how many months deposit they are securing in case the situation intensifies, choosing to put down two monthsโ€™ rent in advance as opposed to six monthsโ€™ like before, said Sophy. The upheaval has also left developers and landlords, who were swept with excitement six months back when they saw Chinese demand for property increase, saddled with bank loans they will struggle to pay back, Sophy added. โ€œI donโ€™t think this situation is temporary. Those people who have gone wonโ€™t come back so yes itโ€™s a problem for the property business.โ€ Norn Thin, director of Sihanoukville Property, said he knows of one building with about 20 rooms that has closed since the arrests. Want to rent Sihanoukville property? โ€œChinese people tend to all stay in one big building all together with about 20 to 30 rooms,โ€ he said. Thin added that despite the trepidation in the market the rental prices for such large residential properties are still double what they were last year, while Sophy estimates such prices may have fallen by less than 5 per cent. George Styllis, Phnom Penh Post, Post Property.
Prince Central Plaza: Redefining Tonle Bassac
Prince Central Plaza: Redefining Tonle Bassac
June 7, 2022, 2:10 a.m.
Realestate News
Prince Central Plaza represents a new age of living for one of Cambodiaโ€™s most exciting and desirable districts: Tonle Bassac. โ€œLocal people are starting to have a concern about good location and land - demand for premium land is very high right now,โ€ says a spokesperson of Prince Central Plaza - and this is why Tonle Bassac was the obvious choice. Located on the exclusive Norodom Boulevard, the landmark development is just minutes to Independence Monument, Aeon Shopping Mall and various embassies. The building will have 37 floors in total, with the bottom three dedicated to the retail plaza and restaurants. Inspired by classical art deco lines and style, Prince Central Plaza will fast become an architectural icon of theย neighborhood.ย The unique design is the product of American DF International Building Design Co., Ltd., a company that has already completed around 300 engineering design projects, spanning more than 20 million square meters. The Mansion House โ€“ the premium residence within the Prince Central Plaza project โ€“ offers a range of 1 to 3 bedroom condominiums, studio and SOHO units, all beautifully furnished with elegance and class, stunning balcony views of the city skyline, and finished with the latest amenities for modern living. The units will all have services provide by the 24 hour concierge staff, including International platinum housekeeper services. The Interior design of all Prince Central Plaza units have been formulated with taste and art deco elegance, by Shenzhen Guangtian Design Group Co., Ltd., a listed Chinese company with a renown portfolio of real estate projects.ย Inquire today to visit the showroom! Landscape design is also a key element of Prince Central Plaza, with delicately crafted surrounds in both the communal and private gardens of the residential complex. These have been designed by TTR Design Co. Ltd., a company with a wealth of experience designing and implementing gardens for resorts, hotels and recreational facilities across China. The beautifully designed infinity pool gives residents a place to relax and unwind; an impressive, fully equipped gymnasium and a fitness room will help you and your family keep healthy; shopping at your doorstep is assured โ€“ with the plazaโ€™s malls; and an international standard business center will guarantee a convenient lifestyle for modern business people. The construction of Prince Central Plaza has already begun, under the management of China Construction Co., Ltd., Chinaโ€™s largest and most renowned real estate and construction enterprise. This will be another benchmark project for a company with many already in its portfolio. Prince Central Plaza is set to be completed by 2018.new Maintaining a 10% โ€“ 15% growth rate over 5 years, Prince Central Plaza promises a healthy return on your investment.ย And priced from just $55,000 per unit, the project is priced to sell โ€“ fast. Inquire today to visit the showroom!
New Market Dawns as Oknha Tastes Go Oligarch
New Market Dawns as Oknha Tastes Go Oligarch
June 6, 2022, 5:06 p.m.
Realestate News
After defining high-end taste in Russia, China and Thailand, an Italian luxury home-dรฉcor company aims to conquer the villas market of Cambodiaโ€™s rich.Greeted by gold-gilded tables, intricately carved gold-leaf headboards, and polished tiles of marble and ceramics, one would feel as though they had just stepped into a magical place reminiscent of the Winter Palace in St. Petersburg or an oligarchโ€™s lavish home. In actual fact, this place strikes much closer to home. With its palatial and baroque items on display at the launch of their showroom on November 22, Azza Dรฉcor is the first of its kind in Phnom Penh; a luxury home-dรฉcor company specializing in Italian interior design, mainly in the market for furniture and lighting, tiles and bathroom furnishing and kitchen fittings. Every distinctive product has a โ€œMade in Italyโ€ tag, while its exclusive brands boast of names like Versace (Ceramics), Valentino, Bastianelli Home, and Socci, amongst many others. Marco Cipriani, area manager for CIAC Group which supplies furniture to Azza Dรฉcor, explained that, โ€œour first market all over the world [for this style of furniture] is the Russian market, as the Russian people love to buy these types of gold leaf furniture.โ€ However, at $165 per pop for one Versace Ceramic tile-piece or $10,000 for a Versace sink, the question is whether such ornate and lush furniture is prohibitive here in Phnom Penh. โ€œSince our expansion in other Asian countries like China and Thailand, we feel it is time that this kind of furniture comes into the interior market in Cambodia,โ€ Cipriani said. Minea Prach, Azza Dรฉcorโ€™s sales and marketing manager, explained that the Phnom Penh launch was due to the exponential growth in the construction sector and an increasing appetite for luxury goods among a few. โ€œOur main target audience is the high-end niche market of those who own private residences or villas,โ€ Prach said. The influx of foreigners and foreign businesses in Phnom Penh does seem to complement the opening of such a company. Azza Dรฉcor seemingly fits in with the high-end residences, exclusive condominiums and villas that have been springing up over the past few years. Lorenzo Martini, founder of architecture and interior design company Lorenzo Martini Design Studio, offered his insight on the home dรฉcor style that appeals most to Cambodians, as well as how luxury interior dรฉcor companies will fare in the Cambodian market. In reference to what style of interior design piques the localsโ€™ interest, โ€œCambodians with a budget manage to implement what I would say a Neo-Baroque, or Transitional Classic [style],โ€ Martini said. โ€œPeople would call it โ€˜classicalโ€™, but is a classical style with exaggerated curves, patterns and textures, heavy to the sight, which draws on baroque but while sharing its power, it doesnโ€™t share its elegance. Itโ€™s a style that is popular in most developing countries,โ€ he continued. On how high the demand for such a niche market is here, Martini said that it is tempting to affirm a high demand given the number of showrooms showcasing luxury furnishing in Phnom Penh. However, this pertains only to a pocket of very wealthy people who may not have an idea of what defines a real luxury product. Therefore, many end up purchasing overpriced products without much discernment. โ€œIโ€™m happy to see [Azza Dรฉcor] stepping up the game, and will give a run for their money to many other shops currently selling average products at high prices under the pretense it is luxury,โ€ Martini said. There is no such pretense at Azza Dรฉcor, with each product guaranteeing its authenticity of quality and branding. Partly echoing Prachโ€™s words, Martini said, โ€œI donโ€™t see the market as being ready for luxury commercial projects just yet, I think luxury products are almost exclusively employed in high-end private residences.โ€ Azza Dรฉcor currently works closely with luxury housing developer The Bay, managed by the TEHO Group, in supplying materials to them. Having sold a considerable number of products before and during the launch to owners of private villa residences in BKK 1, Borey Orkide, and Borey New World, Azza Dรฉcor looks set to make waves in this small, but powerful, pocket of Phnom Penhโ€™s elite. Hanamariya Halim, Phnom Penh Post, Post Property
East Commercial Center (ECC) Sales Launch!
East Commercial Center (ECC) Sales Launch!
June 6, 2022, 5:06 p.m.
Realestate News
After the success of the โ€œEast One International Apartmentsโ€ project โ€“ a condo development which is already 70% sold and now under construction in Duan Penh, Eastland Development Co. Ltd. have announcedย the launch of sales forย โ€œEast Commercial Center (ECC)โ€ along Norodom Boulevard, near the Malaysian Embassy. The number one real estate need within Phnom Penh moving into the future is a lack of affordable, sole-purposed office space, believes CEO of Eastland, Mr Sam Yang. "There are a growing number of talented local entrepreneurs and small business owners who need a place for their businesses to take flight, without driving them bankrupt." The East Commercial Center (ECC) will be completed in late 2017 and provide the market with 38 floors of pure office space, divided into small and affordable units, with low management fees, and common areas with all necessary business amenities. Inquire about the East Commercial Center (ECC) on realestate.com.kh todayThe ECC project will include a total of 680 car parks, over 6 floors. And in fact, the following stage of this development will be the East View Residence project, which will include four 38-floor high residential buildings. The second Cambodian condominium project for Eastland Development. The current office space market in Phnom Penh is unsuited to the growing demand, believes Mr Yang. "These types of start-up businesses are not interested in A-grade office space, as rental rates are too high, and instead now find themselves adapting villas or flat houses into office space. Meanwhile, International companies are increasingly interested in moving an office to Cambodia at low risk because investment incentives are some of the best in the region."Inquire about the East Commercial Center (ECC) on realestate.com.kh today
Mortgage Matters Part 2: What's in a Home Loan
Mortgage Matters Part 2: What's in a Home Loan
June 6, 2022, 5:06 p.m.
Realestate News
There are three basic components to anyย mortgage. You must understand these clearly before you start the home loan application process.ย If you missed Mortgage Matters Part 1, read it here!In short, these are the homeย loan amount, interest rate, and loan term:Mortgage Component #1 - The Loan Amount: The loan amount is the principal amount that you want to borrow. Banks in Cambodiaย generally give a loan of up to 70% of the property value. Mortgage Component #2 - The Interest Rate: The interest rate is very important to understand! It is the percentage of annual interest that you have to pay on the total loan amount. It can be a fixed rate, a flexible rate, or a combination of both. Mortgage Component #3 - The Loan Term: The loan term is the duration/length of time that you take to completely repay the loan. Loan generally range from 15 to 30 years in Cambodia. If you combine the principal loan amount and the interest amount,ย you will then knowย the overall loan amount. Mostย home loans are usually repaid via monthly installments.The repayment comprises two parts or portions. One partย is for the repayment of the principal amount. The other partย is for the repayment of the interest.This information should help you calculate your monthly mortgage payment... These home loan calculators should help too!ย Ready to get a Mortgage??ย Inquire for a home loan here.