កាលពីថ្ងៃទី១១ ខែមករា ឆ្នាំ២០១៨ ម្សិលមិញនៅក្នុងដំណើរទស្សនកិច្ចមកកាន់ប្រទេសកម្ពុជារបស់លោក Li Keqiang នាយករដ្ឋមន្រ្តីនៃសាធារណរដ្ឋប្រជាមានិតចិន។ ភាគីកម្ពុជា និងចិនបានចុះកិច្ចហត្ថលេខាលើអនុសារណយោគយល់ថ្មីចំនួន ១៩  ពោលគឺផ្តោតសំខាន់លើការអភិវឌ្ឍន៍ ហេដ្ឋារចនាសម្ព័ន្ធ កសិកម្ម និងវិស័យសុខាភិបាល។យោងតាមគេហទំព័រព័ត៌មានរបស់ក្រសួងសាធារណការ និងដឹកជញ្ជូនបានឲ្យដឹងថាផ្លូវល្បឿនលឿនភ្នំពេញ-ព្រះសីហនុ ដែលគ្រោងនឹងសាងសង់​មានប្រវែង១៩០,៦៣គីឡូម៉ែត្រទទឹង២៤ ម៉ែត្រសាងសង់ដោយក្រុមហ៊ុនចិនជាទម្រង់ BOT ត្រូវបានចាត់ជាគម្រោងអាទិភាពសម្រាប់ឆ្នាំ ២០១៨។ការចុះហត្ថលេខាលើកិច្ចព្រមព្រៀងសម្បទានផ្លូវការសម្រាប់គម្រោងអភិវឌ្ឍន៍ហេដ្ឋារចនាសម្ព័ន្ធផ្លូវល្បឿនលឿនភ្នំពេញ-ខេត្តព្រះសីហនុត្រូវបានធ្វើឡើងរវាងឯកឧត្តម ស៊ុន ចាន់ថុល ទេសរដ្ឋមន្រ្តី រដ្ឋមន្រ្តីក្រសួងសាធារណការ និងដឹកជញ្ជូនបានជាមួយភាគីចិនតំណាងដោយលោក Liu Qitao ប្រធានក្រុមហ៊ុនសំណង់គមនាគមន៍ចិន។គម្រោងសាងសង់ផ្លូវល្បឿនលឿននេះនឹងត្រូវសាងសង់ដោយវិនិយោគិនចិននៅឆ្នាំ២០១៨ជាផ្លូវមាន០៤គន្លង មានប្រវែងសរុប១៩០,៦៣គីឡូម៉ែត្រចេញពីភ្នំពេញរហូតដល់ខេត្តព្រះសីហនុជាផ្លូវថ្មីទាំងស្រុងដែលផ្លូវនោះមានទទឹង ២៤ម៉ែត្រក្រាលកៅស៊ូ AC មានសួនច្បារខណ្ឌកណ្តាល មានផ្លូវបំបែកប្តូរទិស មានទីតាំងឈប់សម្រាក មានរបងបាំងសងខាងផ្លូវ។បច្ចុប្បន្នផ្លូវជាតិលេខ៤បានដើរតួយ៉ាងសំខាន់សម្រាប់សេដ្ឋកិច្ចរបស់កម្ពុជា ហើយបន្ទាប់ពីបញ្ចប់ការសាងសង់រួចផ្លូវល្បឿនលឿននេះនឹងកាន់តែជួយសម្រួលដល់ចរន្តដឹកជញ្ជូនទំនិញ និងការធ្វើ ដំណើរទូទៅឲ្យកាន់តែមានភាពងាយស្រួល។ ពាក់ព័ន្ធនឹងវិស័យទេចរណ៍ នឹងជម្រុញកំណើនអ្នកទស្សនានៅក្នុងខេត្តព្រះសីហនុបន្ថែមទៀត។  លើសពីនេះទៀតវិស័យអចលនទ្រព្យនៅតាម បណ្តោយផ្លូវជាតិថ្មីនេះនឹងកាន់តែរីកចម្រើនពិសេសកំណើននៃការវិនិយោគនៅក្នុងខេត្តព្រះសីហនុ​នឹងកាន់តែប្រសើរឡើង។ស្វែងរកព័ត៍មានអចលនទ្រព្យចុងក្រោយបំផុតតាមរយៈ Realestate.com.khស្វែងរកអចលនទ្រព្យសម្រាប់លក់ ឬជួលតាមរយៈ Realestate.com.kh

The first annual Real Estate Market & Outlook Conference 2016 (REMOC2016) was held this April at the Phnom Penh Hotel, with a host of the local and regional real estate industry leaders giving their outlooks on the state of the Cambodian real estate market. Realestate.com.kh caught up with James Padden, Commercial Agency Manager at CBRE Cambodia at REMOC 2016 to get his 2 cents on the state of the current and future Cambodian property market prospects and to learn about strata title office space in Cambodia: What makes you optimistic and what worries you about the Cambodian real estate market? CBRE are optimistic about the office market. Exchange Square is due for completion in Q4 16 and has seen strong interest locally and regionally highlighting growing demand for grade A space in Phnom Penh. Increasingly we are seeing interest from companies in office space in secondary cities such as Sihanoukville, Battambang and Siem Reap highlighting that Cambodia is not all about Phnom Penh but these provincial cities are seeing strong economic growth in their own right. I think there is a need for caution regarding the residential market and we are yet to see strong domestic owner/occupier demand that is required for condominiums to really drive the market forwards. Existing investment is predominantly by overseas investors looking for capital growth. This market will be driven long term by Cambodian occupiers and this has been slowly changing but is yet to become a clear segment of demand. What significant changes are you anticipating for the Cambodian real estate market over the next year? We have seen the announcement of strata title office space in Cambodia for the first time in 2014 and this is a welcome trend with this asset being a popular investment in other markets such as Hong Kong and Bangkok. There will be further segmentation of the office market as Exchange Square adds to grade A office stock. High prices and limited availability of land in prime, central areas is likely to continue the trend for development in secondary locations such as Sen Sok and Chroy Changvar. Strata title office space in Cambodia is a good step forward for the investor market. I think we will also see continued development and investment activity in provincial cities such as Sihanoukville, Battambang and Siem Reap. Overall we expect 2016 to be a year of a lot of activity driven by Cambodia’s continued strong economic growth and further bolstered by the movement towards ASEAN integration as there is continued intra-ASEAN investment and regional expansion of businesses out of their home markets.

នៅពេលដែលទីក្រុងត្បូងឃ្មុំ កំពុងទទួលបានអភិវឌ្ឍខ្លួនក្លាយជាទីក្រុងរណបគំរូមួយរបស់ប្រទេសកម្ពុជា តម្លៃដីនៅជាយក្រុង ដែលស្ថិតក្នុងតំបន់គម្រោងអភិវឌ្ឍបានឡើងថ្លៃយ៉ាងខ្លាំង ដោយសារក្រុមអ្នកវិនិយោគ បានប្រមើលឃើញពីសក្តានុពលនៃកំណើនឆាប់រហ័សក្នុងខេត្តថ្មីមួយនេះ តាមរយៈការទិញលក់ដីធ្លី ដែលនៅជាប់ផ្លូវ ធំ/ផ្លូវជាតិ ដើម្បីធ្វើពាណិជ្ជកម្ម និងរបរលក់ដូរមួយចំនួននៅក្នុងពេលអនាគត។ ទីក្រុងត្បូងឃ្មុំ គឺជាទីប្រជុំជនមួយក្នុងខេត្តត្បូងឃ្មុំ ដែលបានបង្កើតឡើងកាលពីចុងឆ្នាំ២០១៣ ហើយវាក៏ជាទីក្រុងថ្មីមួយក្នុងប្រទេសកម្ពុជា ដែលមានតំបន់ចម្រុះ និងគម្រោងអភិវឌ្ឍន៍ហេដ្ឋារចនាសម្ព័ន្ធពិសេសៗដែលត្រូវបានពិភាក្សារួច មុនពេលការសាងសង់ជាផ្លូវការចាប់ផ្តើម។ លោក ស៊ន ស៊ាប នាយកប្រតិបត្តិនៃក្រុមហ៊ុនអចលនទ្រព្យ Key Real Estate បានធ្វើទស្សនកិច្ចនៅការដ្ឋានផ្ទាល់នៅថ្ងៃឈប់សម្រាកនាទិវាបុណ្យចូលឆ្នាំខ្មែរ ដើម្បីពិនិត្យលើការវិវត្តនៃគម្រោងសាងសង់នឹងសិក្សាពីឱកាសក្នុងការវិនិយោគលើដីធ្លីទាំងនោះ ដោយលោក បាននិយាយថា គម្រោងសាងសង់ផ្លូវនោះត្រូវបានដំណើរការហើយ។ ការចែកផ្តាច់តំបន់ជាផ្នែកៗត្រូវបានសម្រេច និងចុះហត្ថលេខានៅនឹងកន្លែងរួចរាល់ហើយ ដែលក្នុងនោះរួមមានទាំង តំបន់ពាណិជ្ជកម្ម ឧស្សាហកម្ម លំនៅឋាន និងតំបន់រដ្ឋបាល។ លោក ស៊ាប បាននិយាយថា ៖ «បណ្តុំនៃតំបន់ផ្សេងៗគ្នា ទីវាលទំនេរពណ៌បៃតង និងទីជម្រាលក្នុងទីក្រុងនោះ នឹងបង្កើតបានជាទីក្រុងមួយ ដែលស្រដៀងគ្នាទៅនឹងទីក្រុងនៅប្រទេសលោកខាងលិច»។ ចៅហ្វាយខេត្តត្បូងឃ្មុំ លោក ប្រាជ្ញ ច័ន្ទ បាននិយាយនៅសប្តាហ៍នេះថា គម្រោងថ្មីនេះ នឹងបញ្ចប់សកម្មភាពសាងសង់ផ្លូវធ្វើដំណើរគោលរបស់ខ្លូននៅក្នុងទីតាំងភូមិសាស្ត្រនៃគម្រោងអភិវឌ្ឍន៍ មុនពេលរដូវវស្សាចូលមកដល់ ទន្ទឹមនឹងនោះប្រព័ន្ធផ្គត់ផ្គង់ទឹកប្រើប្រាស់ គឺនឹងត្រូវបញ្ចប់ជាស្ថាពរក្នុងឆ្នាំ២០១៧។ យោងតាមប្រសាសន៍របស់លោក ច័ន្ទ មិនទាន់មានក្រុមហ៊ុនឯកជនណាមួយ ធ្វើការវិនិយោគទុនក្នុងគម្រោងសាងសង់អគារថ្មីនៅឡើយ។ លោកបានបន្តថា ៖ «ទោះបីជាយ៉ាងណា តម្លៃដីនៅទីនេះ នៅតែមានតម្លៃថោកដដែល ហើយវាផ្តល់ឱកាសល្អសម្រាប់អ្នកវិនិយោគនាពេលអនាគត»។ ទោះបីជាដីដែលស្ថិតនៅក្នុងព្រំប្រទល់ នៃតំបន់អភិវឌ្ឍន៍ខេត្តត្បូងឃ្មុំ មិនទាន់បានដាក់លក់នៅឡើយ ក៏ដីមួយចំនួននៅតាមបណ្តោយព្រំប្រទល់នៃភាគខាងកើត នៃផ្លូវជាលេខ៧៣ នៅតែជាទីតាំងពេញនិយមសម្រាប់វិនិយោគិនក្នុងស្រុក ធ្វើការវិនិយោគទុន។ អ្នកវិនិយោគ នៅក្នុងទីក្រុងសួង គឺជាទីក្រុងធំជាងគេក្នុងខេត្តត្បូងឃ្មុំ ដែលបំបែក ចេញពីផ្នែកមួយនៃខេត្ត កំពង់ចាម ដែរនោះ បាននិងកំពុងតែប្រជែងគ្នាដើម្បីវិនិយោគលើដីមួយចំនួនស្ថិតនៅក្នុងតំបន់ទីក្រុងថ្មីនោះ។ ទោះបីមានការផ្តាច់ចេញ ពីតំបន់ដែលមានអចលនទ្រព្យពិសេសក៏ដោយ ក៏ដីធ្លីនៅតាមបណ្តោយផ្លូវលេខ ៧៣ នៅមានតម្លៃថ្លៃដដែលជាមួយនឹងតម្លៃ ៤ ០០០ ដុល្លារអាមេរិក ក្នុងមួយម៉ែត្រក្បាលដី សម្រាប់ផ្ទៃដីមានទីតាំងនៅខាងមុខជាប់នឹងផ្លូវសំខាន់ៗ។ លោក ស៊ាប បាននិយាយថា ៖ «ដីទាំងនោះត្រូវលក់ជាម៉ែត្រការ៉េ ប៉ុន្តែការលក់ត្រូវយោងតាមប្រវែងម៉ែត្រ ពីដីដែលជាប់ផ្លូវធ្វើដំណើរ»។ លោកបានបន្ថែមថា ក្រុមអ្នកវិនិយោគ ទិញដីទាំងនោះ ក្នុងគោលបំណងបង្កើតជាទីតាំងពាណិជ្ជកម្ម និងកន្លែងលក់ឥវ៉ាន់តែប៉ុណ្ណោះ។ «ដីដែលទើបតែដាក់លក់ថ្មីៗនេះ ត្រូវបានលក់អស់ហើយ ហើយក៏ត្រូវបានកាត់ជាប្លង់តូចៗ ដោយម្ចាស់កម្មសិទ្ធជាអតិថិជនដើមផងដែរ»។ ខណៈដែលដីដែលខណ្ឌជាផ្នែកធំៗ នោះត្រូវគ្រប់គ្រងដោយអ្នកមកតាំងទីលំនៅថ្មី ឬក៏ម្ចាស់កម្មសិទ្ធិដំបូង លោក ស៊ា បាននិយាយថា តាំងពីគម្រោងនៃការអភិវឌ្ឍក្រុងត្រូវបានដាក់ចេញរួចមកគ្រប់ដីធ្លីទាំងអស់អាចធ្វើការខណ្ឌចែកត្រឹមទំហំ១០ម៉ែត្រ ជាអតិបរមា ពីផ្លូវជាមួយនឹងទំហំ៣០ ទៅ៥០ម៉ែត្រ នៃចំនួនដីសរុបនៅពីខាងក្រោយ៕ Co-written by James Whitehead and Siv Meng

The first annual Real Estate Market & Outlook Conference 2016 (REMOC2016) took place April 1st at the Phnom Penh Hotel, with a host of the local and regional industry leaders giving their outlooks on the state of the Cambodian real estate market.Realestate.com.kh caught all the action with the speakers of REMOC2016 to get their 2 cents on the state of the current and future Cambodian property market prospects.Here is what Sorn Seap, ceo of Key Real Estate had to say...What topic will you speak to at REMOC2016, and why is it a key consideration for the Cambodian Real Estate sphere? At REMOC-2016, I’m going to present about the most updated Phnom Penh land market, going in-depth into market prices, zoning and development trends in the future. Phnom Penh land market prices continue to rise up by 10 to 20 percent a year. Nevertheless, the whole Phnom Penh land market has many areas that see different price growth rates depending on many factors, including zoning, planned infrastructure, and location special features. Over the last 10 years, I’ve seen that Phnom Penh has expanded quickly. Residents not only concentrate in central business zones but also spread out to form new clusters of housing in the outskirts – with some areas are now home to tens of thousands of residents. Other locations, furthermore, will also have the same experiences in the next few years.

Want to start living in Phnom Penh? You should. Over 80,000 expats have already moved to the Kingdom and life is good! The ULTIMATE Expat Guide to Phnom Penh covers all things you need to know before moving to the kingdom of wonder, thanks to Realestate.com.kh, Cambodia's home of real estate. Real Expat Reviews:Firstly, let’s see what some expats currently living here in Phnom Penh have to say:Daniel Santantoniou, an Insurance Broker originally from Geneva, Switzerland, who has lived in Cambodia for 20 months, says that “the best thing about living in Cambodia is the cost of living, business opportunities, overall growth in all sectors, proximity to the beach and the influence of Buddhist culture.” Daniel lives in a one bedroom apartment, local Khmer style, with a view of Royal Palace and the National Museum. This costs just 430$/month, including water and cleaning once a week, which Daniel says is “good value for money given the location and view. However, we found serviced apartments way overpriced in Phnom Penh compared to Bangkok.”Alexander Evengroen, a Netherland’s native and a business developer, real estate professional and motivational speaker by trade, has lived and worked all over the world, including China, Singapore, Thailand, Ghana, Malawi, and now Cambodia... “I have stayed in beautiful Cambodia for around 5 years. The best thing about living here is my beautiful Cambodian wife,” says Alex. In terms of advice for new expat residences, Alex says that, “someone moving to Phnom Penh soon needs to be open-minded and go further than the tourist attractions. Dare to explore more provinces and meet the fantastic people of Cambodia. The amazing food, the culture and so much more. Meet other expats to share experiences and join events to learn from each other - but don’t only hang around them! See and feel the beauty of this great country.” Alex lives in a beautiful spacious 5 bedroom, 5 bathroom villa home with “all the needs and facilities you can dream of - Seldom do we get power cuts, and fully air-conditioned - in the Attwood area of Phnom Penh.”Filipino native Carmela Torres, a real estate marketer by day, band vocalist by night, has resided in Phnom Penh for 1 year and 3 months. She says, “The best thing about living in Cambodia is the affordable yet high quality of life (cheap cost of living). Also, the unique freedom to start a business and not get killed with taxes.” “My advice for an expat moving here,” says Carmela, “would be shop around to find the best deals on property and to always try to barter the price. Do not be overly anxious about safety and security when moving in Phnom Penh, and when it comes to healthcare I think the medical care facilities here have greatly improved, and many ailments can now be treated in Phnom Penh by foreign doctors and foreign-trained Cambodian doctors. Dental care is also professional and affordable. But have medical insurance in your home country in case of the worst! Finally, beware the heat!” Carmela lives in a stand alone apartment in the BKK1 area, which she says is “definitely good value for money: Centrally located, easy access and very close to everything.”Hayley Flack, a student instructor from London, has lived in Cambodia almost fourteen years. Hayley comments that, “I enjoy my job and the easy going lifestyle of Phnom Penh. On weekends, the hardest thing is deciding where to eat - as there are so many great restaurants, and which gigs to go to. We are generally spoilt for choice. A piece of advice I would give is to stay calm and do not lose your temper. A smile will go a long way even when you get frustrated, which will happen.” In regards to where you should live, Hayley explains that, “I have lived in the same apartment for nearly ten years. The rent is very good and the landlord is very hands off, apart from when we need help. We live behind the University of Fine Arts. It is very good value for money. However, one thing I will say is the apartment next door and many others in our area lie empty. Why? Because the rent is more than double than ours. I don't understand why the landlords keep the rent high and therefore the apartments empty. I have had friends look at them and try to haggle the price, but they won't budge.”Adolfo Perez-Gascon, a Spaniard who has lived in Cambodia for 2 years already working as a journalist, thinks that, “the best thing about living in Phnom Penh is the fact that you have access to a big and vibrant community of expats, while also having the opportunity to interact with a very friendly and open local population. Living in Phnom Penh, you'll find that you have access to almost all western commodities and activities that you enjoy back home, but you are still in a foreign and exciting country; a country that you'll feel compel to explore and learn more about. In this regard, Phnom Penh strikes an almost perfect balance.” Adolfo notes that, “a lot of people move to Phnom Penh without a plan; they don't really know what they want to do here, and, of course, do not have a job waiting for them. They are lured to the country by lax visa requirements and the prospects of an easy life. My advice to any person planning the move to Cambodia is to come here with a job. Do your research, find an employer that you'll like to work for, and don't board that plane until you are sure of what you are going to be doing. Having a concrete plan of action will help you enjoy your experience in the Kingdom a lot more. Starting work right away will help you integrate into the community. I shared an apartment (with 2 other people) on the second floor of a traditional Khmer building located in the vicinity of the Genocide Museum. Rent is extremely cheap (we pay 400$/month for the whole apartment). Compared to my home country, this is an amazing deal. Put bluntly, you'll never find such cheap accommodation in Spain. The apartment is nice, spacious and comfortable. We have all the amenities that you'd expect of a modern house, including wifi and aircon.” A Little History That Ex-Pats Should Know:Cambodia has a rich history going back at least five thousand years. However, it was an experiencing a Dark Age from the 1400s until 1863. This Dark Age ended when the French came in and established a protectorate. Over time, this situation changed and Cambodia became a French colony. In the early 1940s, events that occurred during World War II weakened the French Colonial Empire. In 1953, Cambodia established itself again as an independent kingdom. Thus, from the 1940s through the 1960s, development in Cambodia was comparable to what was occurring in Vietnam and Thailand at the time. Unfortunately, the war in neighboring Vietnam negatively impacted Cambodia, resulting in sections of Cambodia being bombed by various parties, including the USA. This helped bring a group to power known as the Khmer Rouge. Most likely, you have heard the term "Khmer Rouge" and are aware that it has negative associations. They came to power in Cambodia in the 1970s, and, during their relatively short reign of terror, killed approximately a third of the country's population. These events affected everyone in the nation and still do. But this era was particularly hard on educated professionals, such as doctors, lawyers, and teachers. They were targeted first. Although these events are history, they are not yet resolved. The country is still struggling to heal its wounds from these events. The trials of the Khmer Rouge leaders for their atrocities started relatively recently and are still ongoing in The Extraordinary Chambers in the Courts of Cambodia (ECCC) located outside Phnom Penh. Additionally, the country developed the Tuol Sleng Genocide Museum and Choeung Ek Killing Fields in Phnom Penh. These are tourist sites aimed at educating the world, as well as a form of national therapy, helping the country to come to terms with these recent events. History and The Ex-Pat Community:Modern Cambodia was established in 1993. Thus, it is a relatively young nation, yet it has a long and rich history. The recent events detailed above have some of the following impacts on the ex-pat community today: 1) The tremendous recent loss of so many educated people is the primary reason that Cambodia has such a thriving ex-pat community. The country needs far more educated, skilled professionals to fill vital roles than it can supply internally. So, if you are an ex-pat living in Cambodia, you have been welcomed here to help with the recovery process that the country is still undergoing. 2) If you want to fit in and be comfortable in your interactions, it helps to understand the culture a bit. One of the take-aways from this short history lesson is that there is a significant French influence in Cambodia due to the years that it was a French colony. Another is that Cambodia is right now undergoing a process not unlike The Nuremburg Trials from some years ago, when European leaders were similarly tried for war crimes from World War II. 3) The country still has a lot of landmines and other visible scars from being embroiled in conflict for decades. It is wise to be mindful of potential danger in some parts of the country when you travel. Phnom Penh for Expats:As the capital and the largest city in the nation, Phnom Penh is a locus of the ex-pat community. Not only are there a lot of jobs here that are well-suited to attracting ex-pats, it has development more comparable to that of many western nations. This gives ex-pats the chance to find their comfort zone, anywhere from largely recreating a life similar to what they had in their country of origin to living much like a local for an especially broadening personal experience. The ongoing influx of foreign investment and foreign workers living here has brought with it western style businesses and amenities, plus international school amenities geared to the needs of ex-pat families. As with any big city, more development tends to lead to higher prices. However, going local can give you an exotic experience on the cheap, if you so desire it. Western style luxury apartments with all the amenities, and also serviced apartments -- such as a pool, gym and security -- can be had for $500-$3000 per month. Check out properties available NOW! Alternately, more authentically Cambodian digs can be rented for less than $300 per month. If your comfort zone involves organic, upscale food stores, you can find that for prices comparable to what you would pay at home. Or you can shop the local outdoor vendors (similar to western Farmer's Markets) for substantially less, often about half price. A western style coffee from a foreign chain can be had for around $3, while a cup of coffee from a local stall is typically well under $1. In fact, the first Cambodian Starbuck's recently opened in the Phnom Penh International Airport. If you just must have a taste of home, it can be found there at typical Starbuck's prices. There is plenty to do and see within the capital, including fine dining, live music, movies and other entertainment venues. But, living in Phnom Penh also gives you easy access to the recently expanded international airport and bus services, making regional travel very do-able for the more adventure-minded types. All of this means that an ex-pat living in Phnom Penh can live what would be a very upper class lifestyle in most large western cities, but on a relatively modest income. A housekeeper can be hired for about $5 per visit, making it affordable to have one come once or twice per week. A mid-price restaurant meal for two is approximately $15-20, about the same as or not much more than you would pay for fast food in many western cities. Plus, simply being here means that when you take a day trip or a weekend jaunt, it is invariably to see things that many westerners would only dream of visiting if they were incredibly rich. The Ex-Pat Work Scene:Most ex-pats in Phnom Penh live on anywhere from $12,000 to $60,000 per year. They are employed in NGOs, the hospitality and tourism sector, education, tech and business. Some are hired to come here. Others choose to simply show up and look for work. Simply showing up is not as crazy as it might sound. Cambodian visas have some of the most lax rules in the entire world, and being here allows one to find jobs via word of mouth that won't ever be advertised online. You can also check newspaper listings if you are here. Some people start by looking at online job listings. The two most popular Cambodian job sites are Bong Thom Dot Com and HRinc. How to Get a Visa:There is a low bar to entry here. Many people get a standard E-class visa by simply showing up. Airports and border check points both allow you to get one by filling out very nominal paperwork and paying a few extra dollars above what a tourist visa costs. For about $300, you can extend it to a year. However, in 2014, Cambodia passed a new law that requires foreign workers to have a government issued work book. This is really a responsibility of the employer, not the employee, and, so far, enforcement has not been stringent. Currency:It may surprise you to learn that US Dollars and Cambodian Riel are the predominant currencies here. In fact, most ATMs dispense US Dollars only (unless otherwise noted). With the exchange rate in the neighborhood of 4000 Riel to $1 US, it is typical for transactions to be made primarily in dollars, with "change" given in the form of Riel instead of US coins. Popular Ex-Pat Neighborhoods:A popular area for ex-pats is Boeung Keng Kang 1, 2 or 3. Don't worry: Everyone just abbreviates this as BKK 1, 2 or 3. The Russian Market and the Riverside area also have many ex-pats. BKK 1 and 2 are more upscale, with more amenities geared specifically towards foreigners. BKK 3 and the Russian Market both offer an attractive mix of western and local shops. Learn more about these popular areas! Search for your new home away from home now! The Riverside area is popular with tourists and has a number of bars and nightclubs. It is, perhaps, less family friendly than the other neighborhoods, but a good place to go if you love the nightlife. More recently, Tuol Kork is a neighborhood about 30 minutes out that is increasingly attracting ex-pats. As with other large cities, commuting to a suburb outside the densely developed downtown area is a good way to find places renting for much less money. Learn more about expat rentals in Phnom Penh!  Housing:In addition to the aforementioned luxury apartments and local style rentals, Phnom Penh also has French colonial architecture and western style homes tucked away on tree-lined streets. Single ex-pats who choose to share an apartment can find accommodations for as little as $150 per month. Those who choose to live on their own may pay up to $500 for an apartment, depending upon its size, location and amenities. Couples or families are typically looking at costs between $250 and $1000. Should i opt for a long or short term lease in Cambodia? Here are some pros and cons.  If you go through a real estate agency to help you find a place, it shouldn't cost you anything as they are typically getting paid by the landlords. They can help you understand what is available and what is in the lease. Just like you would in other countries, it is not uncommon to sign a lease for a set period of time, pay a security deposit and your first month's rent prior to moving in. Here’s how to choose the right Cambodian real estate agent for you! Utilities:Although some landlords cover utilities for you, such as cable, water and trash, they typically charge you for electricity. The typical rate is around $0.25 USD/kilowatt. Read your contract before you sign. Some landlords may try to pad that. Make sure you understand your contract before you sign! English is Common:As with many countries, a lot of the locals speak English. This makes it easier to shop, dine and make friends than you might expect. Many shops and restaurants can assist you in English, even with local goods. Petty Crime:If you look like a well-heeled foreigner, you may find yourself the target of petty crime. This is pretty normal in less developed countries, but Phnom Penh is actually safer than Vietnam and Bangkok. Crime levels have gone up recently, but if you take reasonable precautions, this shouldn't be particularly more concerning than in any big city. Bag snatching is a minor issue in downtown areas at night, especially for western women. This also occurs from the side of Tuk Tuks at night, perpetrated by thieves on motorbikes. To be sure, make sure you keep your bag on the inside of you at all times. Learn more about home and personal security in Cambodia. The State of Medicine in Cambodia:Perhaps you have heard that you should "Go to Thailand" if you need medical care while in Cambodia. It was not that long ago that this was the standard wisdom in the ex-pat community, but medical care has come a long way in recent years. Increasingly, Phnom Penh has first rate doctors available, whether foreign doctors who came here to practice or Cambodian doctors who were trained abroad. Dental care is also comparable to that in more developed nations, while costing far less. None the less, some kinds of procedures may not be available locally. Thus, it is not uncommon for people to go elsewhere if they require certain things. Thailand is still popular, followed by Singapore and Malaysia. Bangkok is particularly popular for OB care. However, even after you factor in travel expenses, you will find that medical care in this region will generally be less expensive than what you would pay in the USA. To give you a general idea of the price range: Visiting a local emergency clinic for stitches, plus two follow-up appointments, can cost less than $300. Getting Groceries:Ex-pats can shop at modern grocery stores for many of the same amenities they would find in a western country, often at prices that are not substantially different, though there are certainly some notable exceptions. For example, apples and are not native fruits here. Since they are imported, they may be surprisingly expensive compared to the prices in your country of origin. However, many ex-pats enjoy checking out the numerous open air markets that dot the city. Similar to Farmer's Markets, these are a great place to get great prices on locally grown produce. Bonus: You may get a chance to learn some of the local language (Khmer) and it puts you directly in touch with local culture in a low risk, comfortable manner. You do not have to be too adventurous to partake of this ex-pat experience, while collecting charming stories to tell back home someday. Ex-pats may love the local outdoor markets with their fresh, surprisingly cheap in season produce, but for more perishable items, like meat and dairy, many ex-pats prefer to shop at stores geared towards western sensibilities. These are western style grocery stores with air conditioning and refrigeration for perishables. Unsurprisingly, they are more readily available in some of the same neighborhoods where ex-pats tend to concentrate, such as BKK 1 and 2 or the Russian Market. You may especially enjoy the lingering French influence that is clearly present at such places. Their bakeries routinely carry croissants, baguettes and other authentic French style baked goods. Most ex-pats can find all their familiar favorites, just like back home. If you are feeling a bit homesick, you can just stock up on all of your "normal" foods and cook at home, giving some of the local eateries a rest for a bit. Then dip back into Cambodian culture again at will, whenever you feel like it. Wine and Spirits:If you are fond of good alcohol, it is surprising how readily available and affordable such things are in Cambodia. Many familiar brand names, such as Absolut Vodka, are readily available, usually for under $20. You can find wine shops and craft beers. There are bars and restaurants that will serve you cocktails. Happy Hour often means cocktails are half price. A can of local beer from a local shop is astonishingly cheap. You can also find experiences such as weekly rum tastings. Local Transportation:Within Phnom Penh, ex-pats and locals mostly travel by hiring tuk-tuk and "motos" (local slang for motorbikes). Tuk-tuks are carriages pulled by a motorbike. Going across town via tuk-tuk should cost around $5. Shorter trips within the city will be less. If you are traveling alone, you can catch a ride for a small fee on a moto. This will be cheaper, but more of an adventure. They are not particularly regulated here, thus most drivers are engaging in a casual form of unregulated entrepreneurship. Pretty much anyone who owns a motorbike can hire themselves out. They do not usually provide helmets for their passengers. Of course, they typically do not wear a helmet themselves either. Taxis can be found, but they mostly service the airport. If you really want a taxi, you should call and arrange one. They do not typically cruise the city looking for passengers, so it is not realistic to assume you can readily flag one down. In 2015, local bus service was established in the city. Unsurprisingly, given how new the system is, routes are limited and service is not yet reliable. This is something to look forward to for the future, but not something you should count on for basic transportation just yet. Travel Outside of the Capital:Phnom Penh’s International Airport is still being upgraded. Its ongoing expansion has added more international flights, both to and from the capital. There are multiple daily flights to Bangkok, Thailand, and Ho Chi Minh City, Vietnam for less than $100. For about $50, you can take an Air Asia flight to their Kuala Lumpur hub, and from there go on to other parts of Asia. Although the local bus service is in its infancy, regional bus service has been around for some time. Thus, it has had the opportunity to mature. Typically for less than $20, you can find air conditioned buses to most parts of the country via Giant Ibis. For not much more money, it is also possible to find buses that will take you to a bordering country, such as Thailand. If you wish to go someplace not on an established bus route or you wish to retain additional control over your schedule, for a bit more money, you can also hire a car and driver to take you anywhere you wish to go. A Magnet for Foreign Nationals:Phnom Penh has much of the charm and opportunity that our parents found in so many places around the world, but which is nearly non-existent these days. This unusually low cost cosmopolitan city offers ready access to relatively obscure, exotic regional destinations. Plus, it has economic access to major markets, such as India, China and Australia. This makes it one of the few places left in the world where educated people from more developed nations can find abundant career opportunity while living like they are on a permanent vacation. Retiree’s Mecca:InternationalLiving.com’s Annual Global Retirement Index has just named Cambodia as 1 of 3 top retirement destinations worldwide. The retirement index seeks to compare and contrast retirement destinations around the world – all of which are exhibiting relatively low costs of living by global standards. Retiring in weaker economies is becoming a global trend for expats from more expensive, developed economies, as the relative costs of living in cheaper retirement destinations guarantees a better quality of life for pensioners. In the past 10 years the Kingdom of Cambodia has become one of Southeast Asia’s most up-and-coming destinations for tourists and expats looking to enjoy the exotic charm of a country that also offers the most attractive cost of living in Asia. Cambodia has flexible visa requirements for citizens of Western countries who can obtain annual long-stay visas with a minimum of paperwork and a processing fee of just $285 per year. When you get there, everything from entertainment to renting is very affordable in Cambodia. Meanwhile, the Cambodian government looks set to make it even easier to retire in the Kingdom… Meanwhile, the government has released plans to increase Cambodia’s attractiveness as a destination for foreign retirees, according to a draft policy from the Ministry of Tourism obtained by the Cambodia Daily. “The draft includes a range of proposals to extract more income from Cambodia’s tourist industry by encouraging foreigners to buy property and stay longer in the country, with involvement from the ministries of tourism, finance and land management,” said the Cambodia Daily report. The proposed policies are said to include measures such as the development of “special residences” throughout Cambodia with commercial tourist properties and a wide range of useful facilities. “Special tourists” such as retirees would have the right to buy, rent or sell property in these special residences, and also be entitled to longer-term and more flexible vi­sas, according to the draft of the policy.Enjoyed the Expat guide to Phnom Penh? Learn more about foreign property ownership in Cambodia!

Talks of the conflict in South China Sea remain to be one of the most important issues Asia is facing right now. As the battle for land and resources rage on among ASEAN countries who are staking claim on it, Cambodia remains to be by China’s side while claiming to have a neutral stance on the issue. The conflict was apparent in yesterday’s presidential debate in the Philippines when the candidates presented their case for the ongoing dispute. One candidate, Mayor Rodrigo Duterte said of the issue, “I won't go to war with China, but if they don't cooperate I'll stake claim.” Should the conflict escalate, can Cambodia retain a neutral stance or will it stand with its long time partnership with China? Will this affect any potential and outstanding dealings between Cambodia and the Philippines? We may have to wait for the decision for the arbitrary case filed by Manila against Beijing to find out. Meanwhile, China – along with Brunei, Laos and Cambodia – asserts that the conflict should not affect ASEAN relations.

Singapore has been one of the leading countries in terms of business and culture during the past years, but it seems that an economic downturn may spell trouble for architects and engineers. It was reported that there were 940 professionals who were released from their contracts, mostly coming from small architectural firms who are struggling to survive during this rough economic time. One other option these firms are taking is expanding or transferring to countries that have better economic and social conditions. This Architecture and Engineering Upset in Singapore may be bad news for Singapore, but this can also mean new ventures for other nearby countries in terms of real estate and infrastructure.

Realestate.com.kh is extremely proud to be working together with Hong Leong Bank of Cambodia to make your dreams of owning a home a reality. We want to help all Cambodian’s leverage their finances effectively to improve their life, and the life of their families, today! Through this unique partnership, we want to help all Cambodian’s manage their finances effectively to afford the things most important in their lives, ensuring sustained prosperity for businesses, households and the families within - and help you spend less time worrying about money, and more time enjoying your life. Hong Leong Bank (Cambodia) Plc. or HLBCAM is a wholly owned subsidiary of Hong Leong Bank Berhad – one of the leading banks in Malaysia. HLBCAM further cements Hong Leong Bank’s legacy of meeting the evolving needs of customers by offering a broad range of banking and specialized financial services in Cambodia. Relating to their home loan product range, HLBCAM has a 20 year home loan and home investment loan, a 10 year home equity loan and a 10 year commercial mortgage loan all allowing you to borrow up to 70% of market value. Living up to the Group’s tagline of “Reaching Out to You”, the Bank reaches out to its customers in Cambodia through its inaugural head office branch and Priority Banking lounge, strategically located in the heart of the city and 4 other supporting branches throughout the busy Phnom Penh districts. Hong Leong’s vision in Cambodia is to become Cambodia’s ‘preferred’ financial services provider among the leading banks, and our mission is to partner with our targeted business community. Hong Leong strives to help create better value as we fulfill our customers’ financial needs with the highest level of integrity and professionalism, where our highly capable people make the difference. A standout feature of Realestate.com.kh is being able to apply for a home loan directly – and you can even use our clever home loan calculators to work out how much you will likely need to loan, based on the price of the property you are considering. Once you know the value of your dream house or commercial property, with Realestate.com.kh you can apply for a loan directly to Hong Leong with the click of your mouse. This process makes getting a home loan easier than ever before – all from the comfort of your home, office and even from your mobile phone! Find out more today about how you can finance your dream home with Hong Leong and Realestate.com.kh, Cambodia’s home of real estate.

មានបទពិសោធន៍ជាង៣០ឆ្នំាក្នុងវិស័យអចលនទ្រព្យ ក្រុមហ៊ុន TC Royal Manor ដែលជា ក្រុមហ៊ុនមានមូលដ្ឋាននៅកោះតៃវ៉ាន់បានឈានជើងចូលប្រទេសកម្ពុជាជាមួយនឹងគម្រោងសាងសង់ដែលមានទំហំទឹកប្រាក់ជាង៣០លានដុល្លារអាមេរិក ដែលមានឈ្មោះថា TK Royal One TK Royal One ចាប់ផ្តើមសាងសង់នៅដើមខែមករាឆ្នំា២០១៥ ហើយនឹងត្រូវបញ្ចប់គម្រោងសាងសង់នៅចុងឆ្នំា២០១៧ស្ថិតតាម​បណ្តោយ​មហាវិថី​សហព័ន្ធ​រុស្ស៊ីទល់​មុខ​សកល​វិទ្យាល័យ​ភូមិន្ទ​ភ្នំពេញនិង​ផ្នែក​ខាង​ក្រោយ​របស់​ អគារ​ទល់​នឹង​ផ្លូវ​លេខ ១២២ ក្នុង សង្កាត់​ទឹកល្អក់១ ខណ្ឌ​ទួលគោក។ គម្រោងសាងសង់ដែលមានទំាងការិយាល័យនិងលំនៅដ្ឋានវាពិតជាសាកសម្យនឹងមនុស្សទាន់សម័យ មានការបញ្ជាទិញបណ្តើរៗហើយមានទំាងភ្ញៀវក្នុងតំបន់ និងភ្ញៀវបរទេស មានតម្លៃចាប់ពី ២៨០០ ដុល្លារអាមេរិកក្នុងមួយម៉ែត្រការ៉េ។ត្រូវបានចាត់ទុកជាគម្រោងសាង់សង់ដ៏ធំជាងគេនៅតាមបណ្តោយ​មហាវិថី​សហព័ន្ធ​រុស្ស៊ី អគារដែលមាន១៩ជាន់និង១៥៩លំនៅដ្ឋានត្រៀមចែកចាយបទពិសោធន៍រស់នៅដែលមានស្តង់ដាខ្ពស់ ភាពប្រណិតលូយឆាយសាកសម្យនឹងរសនិយមរបស់មនុស្សទាន់សម័យ។ TK Royal One មិនត្រឹមតែជាលំនៅដ្ឋាននិងការិយាល័យតែប៉ុណ្ណោះនោះទេ គម្រោងមួយនេះថែមទំាងផ្តល់ជូននូវតម្រូវការរបស់អ្នកស្នាក់នៅក្នុងអគារដូចជា៖ ក្លឹបហាត់ប្រាណអាងហែលទឹកនិងមានសួនច្បារសម្រាប់លំហែកាយនៅលើ ដំបូលនៃអគារដែលអាចមើលទេសភាពនៃទីក្រុងភ្នំពេញបានយ៉ាងល្អ។ការរចនាអគារត្រូវបានធ្វើឡើងដោយក្រុមហ៊ុនមកពីកោះតៃវ៉ាន់ ចំណែកឯការសាងសង់វិញត្រូវប្រគល់ឲ្យក្រុមហ៊ុនកូរ៉េគម្រោងមួយនេះត្រូវបាន សាងសង់ឡើងដោយយកចិត្តទុកដាក់បំផុតទំាងបច្ចេកទេសទំាងការគ្រប់គ្រងគឺត្រូវបាន ទទួលខុសត្រូវដោយក្រុមហ៊ុនបារំាងជាមួយនឹងការធានារស់នៅប្រកបដោយស្តង់ដារខ្ពស់។ភាពប្រណិតសុវត្ថិភាពភាពឯកជនសំភារៈបរិក្ខារជាពិសេសគុណភាពត្រូវបានយកចិត្តទុកដាក់បំផុតតាមស្តង់ដាអន្តរជាតិរបស់គម្រោងអភិវឌ្ឍន៍ TK Royal One។ គម្រោងសាងសង់មួយនេះពិតជាទាក់ទាញបំផុតវាស្ថិតនៅទល់មុខ សកលវិទ្យាល័យភូមិន្ទភ្នំពេញចំកណ្តាលទីប្រជុំជនដែលមានហាងល្បីៗជាច្រើនដូចជា៖​​ ហាងកាហ្វេ Brown Pizza Company មិនឆ្ងាយពី TK Avenue ជាពិសេសចំណាយពេលត្រឹមតែ១០ទៅ២០នាទីទៅព្រលានយន្តហោះអន្តរជាតិភ្នំពេញ និងតំបន់សេដ្ឋកិច្ចពិសេស។រសជាតិនៃជីវិតពោរពេញដោយភាពទាន់សម័យជាមួយនឹង TK Royal One រួសរាន់ឡើងទំនាក់ទំនងមកកាន់ភ្នាក់ងារលក់របស់យើងនៅថ្ងៃនេះ realestate.com.kh

Realestate.com.kh មានសេចក្តីរំភើបរីករាយជាទីបំផុត ដែលបានធ្វើការជាមួយ ក្រុមហ៊ុនធានារ៉ាប់រងទូទៅ​ Infinity និង ក្រុមហ៊ុនធានារ៉ាប់រងអាយុជីវិតកម្ពុជា ​​​"កម្ពុជា ឡៃហ្វ" ដើម្បីផ្តល់ជូនដល់អ្នកនូវភាពស្ងប់ផ្នែកអារម្មណ៏ ដល់គ្រួសារជនជាតិកម្ពុជាទាំងអស់ ។តាមរយៈការរួមសហការដែលមានតែមួយនេះ យើងខ្ញុំមានបំនងចូលរួមជួយដល់គ្រួសារកម្ពុជាទាំងអស់ ធ្វើការរៀបចំនូវហិរញ្ញវត្ថុរបស់ពួកគេអោយមានប្រសិទ្ធិភាព ដើម្បីរក្សានូវទ្រព្យសម្បត្តិ និងអាយុជីវិតរបស់ពួកគេ ដោយរក្សាបាននូវទ្រព្យសម្បត្តិដែលត្រូវបានទ្រទ្រង់សម្រាប់អាជីវកម្ម ក្រុមគ្រួសារ និងរក្សាបាននូវអ្វីៗសព្វបែបយ៉ាងដែលមានសារៈសំខាន់ក្នុងជីវិតរបស់អ្នកពីអន្តរាយ ។Infinity មានមោទនភាពក្រៃលែងដែលបានក្លាយជាក្រុមហ៊ុនធានារ៉ាប់រងទូទៅ ដ៏ធំដែលគ្រប់គ្រងដោយជនជាតិខ្មែរ ផ្តល់ជូននូវសេវាកម្មល្អបំផុត សុវត្តិភាពបំផុត និងតម្លៃសមរម្យបំផុត នៅពីក្រោយយ៉ាងពេញលេញដោយដៃគូរធានារ៉ាប់រងបន្តអន្តរជាតិមួយចំនួន និងជាមួយក្រុមដែលផ្តោតលើការទាមទារពីអតិថិជន នៅក្នុងព្រះរាជាណាចក្រ មានន័យថាយើងអាចរាប់រងនូវការរាល់ការទាមទាររបស់អ្នកទៅតាមលក្ខណះត្រឹមត្រូវ និងទាន់ពេលវេលា ។តាមរយះជំនាញគ្រប់គ្រងដែលយើងមាន មហិច្ចតានៃការផ្តល់ជូននូវសេវាកម្ម ដែលលើសពីការរំពឹងទុករបស់អតិថិជន សេចក្តីសុចរឹត និងការយោគយល់ ទាំងអស់នេះគឺដើម្បីធានាថា Infinity នឹងតែងតែនៅទីនោះសម្រាប់អតិថិជនទាំងឡាយ ។Infinity ផ្តល់ជួននូវការការពារដែលអ្នកត្រូវការសម្រាប់ផ្ទះ យានយន្ត និងមុខជំនួញរបស់អ្នក ។ ក្រុមហ៊ុនធានារ៉ាប់រងអាយុជីវិតកម្ពុជា ​​​"កម្ពុជា ឡៃហ្វ" ធ្លាប់ជាក្រុមហ៊ុនធានារ៉ាប់រងអាយុជីវិតដំបូងគេបង្អស់នៅប្រទេសកម្ពុជា និងមានមោទនភាពដែលជាក្រុមហ៊ុនធានារ៉ាប់រងអាយុជីវិតគ្រប់គ្រងដោយជនជាតិកម្ពុជា​​ដែលធំជាងគេមួយ ។​​​"កម្ពុជា ឡៃហ្វ" ប្តេជ្ញាផ្តល់ជូននូវសេវាកម្មដ៏ប្រសើរជាច្រើន និងផ្តល់ជូនដល់គ្រួសារកម្ពុជា ក៏ដូចជាបុគ្គលិកទាំងឡាយជាមួយនឹងការការពារ ដែលអ្នកត្រូវការសម្រាប់ការសងថ្លៃផ្ទះ ការអប់រំដល់បុត្រធិតា និងភាពទៀតទាត់នៃហិរញ្ញវត្ថុ ប្រសិនបើមានអ្វីកើតឡើង …ចក្ខុវិស័យរបស់ "កម្ពុជា ឡៃហ្វ" គឺប្រជាជនកម្ពុជាទាំងអស់អាចដំណើរការនូវសុវត្តិភាពនៃហិរញ្ញវត្ថុ ដោយផ្តល់ជូននូវការការពារដែលអាចទទួលយកបានមួយដល់អ្នក និងគ្រួសាររបស់អ្នក ។Realestate.com.kh គឺជាភ្នាក់ងារអចលនទ្រព្យលំដាប់ទី១នៅកម្ពុជា ដែលមានជាង ២៥០០០ អចលនទ្រព្យសម្រាប់ជួល និងលក់ ហើយបាន និងកំពុងទាក់ទាញអ្នកសួរនាំជារៀងរាល់ថ្ងៃ! ដោយតាមធម្មតា យើងមានក្តីរំភើបរីករាយ ដែលបានធ្វើការជាមួយក្រុមហ៊ុនផ្តល់សេវាកម្មធានារ៉ាប់រងល្បីៗទាំងអស់ ដូចជាកុ្រមហ៊ុនធានារ៉ាប់រង ​​​"កម្ពុជា ឡៃហ្វ" ជាដើម ។សូមធ្វើការស្វែងរកបន្ថែមនៅថ្ងៃនេះ អំពីរបៀបនៃការការពារនូវអ្វីដែលអ្នកសម្រេចបាន ក៏ដូចជាការពារអនាគតនៃហិរញ្ញវត្ថុរបស់គ្រួសារអ្នក ជាមួយនឹង Infinity, ​​​"កម្ពុជា ឡៃហ្វ" និង Realestate.com.kh ដែលជាភ្នាក់ងារអចលនទ្រព្យមួយនៅកម្ពុជា ។

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 week’s show, we’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 6: HOW TO DEVELOP YOUR REAL ESTATE AGENCY CAPACITY AND PROFESSIONALISM IN CAMBODIARealestate.com.kh: As a business development director at Vtrust Appraisal, obviously you do a lot of work helping real estate agencies increase their capacity. If you could give maybe the top four tips that you would give for real estate agency development? How to build a successful real estate business in Cambodia?In Sitha: Well, I think the four major factors that should be applied in order to make a successful real estate agency in Cambodia are Location, Human Resources/Training, Investment Capital and Marketing.Location is one of the key factors for a successful real estate agency business. Companies that are physically situated in the right locations for client’s easy access generally have the best success.Number two, human beings. Human Resources are crucial for any real estate agency. And this means the right people for the right jobs. Professional training for the agent shall be important and necessary too, and training should not stop during their career.Number three, Investment Capital. Any new real estate agency must be ready before starting at all for more than short term operational expenses. They need sufficient investment capital for at least three years. We have 2000 in real estate market in Cambodia and it is good. But in fact it's not enough. They have to pay a lot of operational expense. The staff salary, utilities, licensing, certificates, marketing etc etc. Be prepared before you try to start a business, because it won’t start generating money for some time.Number four is Marketing - you need to make your agencies known and respected. The best type of marketing these days is online. Learn more about choosing the right Cambodian real estate agent, on realestate.com.kh today!

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 week’s show, we’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 4: WHY PHNOM PENH BOREYS ARE PROVING SUCH A POPULAR MARKET FOR DEVELOPERS AND HOMEBUYERSRealestate.com.kh: We're seeing a real rise in new borey developments across Cambodia recently. Can you explain why property developers are particularly interested in the Phnom Penh Boreys market? Why build a Borey?In Sitha: Okay. This is a good question. In this industry right now are seeing two main types of major developments: Borey development and condo development.Realestate.com.kh: Sorry, I guess for the viewers, can you explain what a Borey is? - Because I know this word is  used a lot in Cambodia, but for people outside Cambodia, maybe they don't know what a Borey is.In Sitha: Essentially, a borey is a gated community of flat houses, twin villa houses and single villa houses, including public areas, gardens and full security services. Those who want to buy a borey home are looking for privacy, a safe place for their family to grow, areas where communities can develop, and a place where all modern amenities are assured. They are they prefered first home of newlywed Cambodian couples looking to start a new family.Most of the local developers choose to invest in Boreys. The reason is that developers themselves gain a lot of profit from investment in borey projects over relatively short investment periods. The customers themselves also buy into a good environment for family living. It is popular with Cambodian people who prefer landed buildings, or flat houses. In the Borey, it’s generally all some kind of a flat house, link house or villa home. It can be one story or two story maximum. They also generally have a common area and playground for children. Check out the Borey buyers guide!Realestate.com.kh: Like a neighborhood. Like a fenced neighborhood. In Sitha: Yeah, that's right.Realestate.com.kh: They have infrastructure, have water, have electricity.In Sitha: All included. Generally, for a home in the Borey, the market price increase yearly from 10-15%. This is a good investment to the buyer themselves. They can buy this year, and next year they can sell. If the market is good, it could be more than 15% appreciation. Compare the interest rate with the bank, it's much better than investing the bank. Realestate.com.kh: Because the Borey  buyer, they own the land right? They have freehold ownership of the land. In Sitha: Yes they own the plot of land that their home is situated on, hard title generally - but best to check!Realestate.com.kh: Now lots of local people move away from the city center to the Borey’s on the outskirts of town right?In Sitha: Yes, that's what you see. The Borey developments are long line investment development projects. Which means that the developer spends much more time on the investment, starting from the early master plans and filling the totally undeveloped land.Realestate.com.kh: Maybe fill the land.In Sitha: Yeah, up to the completion of the development projects. The marketing time also takes longer to promote and ultimately sell it. Borey means one community. And each household  shall pay the management fee. Management fees are reserved for the security, reserved for the public life, reserved for the street cleaning, pool and playground for children- garbage collection as well. Boreys offer great security to families.Realestate.com.kh: More of a community lifestyle too?In Sitha: Yeah, yeah.Check out the latest and greatest borey properties, on realestate.com.kh today!

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 week’s show, we’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 5: COMMON MISTAKES MADE BY PROPERTY DEVELOPERS IN THE CAMBODIAN MARKET, AND HOW TO AVOID    Realestate.com.kh: What are some of the most common mistakes that you see developers making when they first come to Cambodia?In Sitha: Well, the most common mistake that the property developer makes when entering the Cambodian market is moving too fast. Before starting any project a feasibility study is crucial. And they need to get recommendations from professional real estate agents.Realestate.com.kh: They're moving too fast?In Sitha: Before starting the investment, yes. That's why they could not identify the right location for the right project. Developing and selling are not separate. You need to consider your market before you even break ground. Which means that my recommendation, I would like them to use a professional real estate agent to teach the international developer about the local real estate market conditions. At VTrust Appraisal - we can do that. We are experienced and skilled in the real estate industry since 2004. We are the first to get developer and agent license from the Cambodian Security and Exchange Commission of Cambodia. Feasibility study is the most common service that developers request us to do before entering into this market.Realestate.com.kh: So many developers are coming in and doing everything too fast. They think the local market is the same as the Singapore market or Malaysia market and they're very surprised.In Sitha: Yeah, that’s true. First of all they need to do the market research. What is the best area for starting the project? The project is built based on the available investment capital. We would like to get the best return on that investment capital. Realestate.com.kh: The right property, the right price and the right market.In Sitha: That's right.CHECK OUT CAMBODIA'S SMARTEST NEW DEVELOPMENTS

​លោក លុន វុទ្ធី មាន​ដើម​កំណើត​ក្នុង​ខេត្តកំពត បាន​ចាប់​ផ្តើម​អាជីព​របស់​ខ្លួន​នៅ​ក្នុង​ទីក្រុង​ភ្នំពេញ ដោយ​ធ្វើការ​ជាមួយ​ក្រុមហ៊ុន​វៀតណាម​នាំ​ចូល​ទូ​កុងតឺន័រ​សម្រាប់​ដាក់​អីវ៉ាន់​ចូល​មក​ក្នុង​ប្រទេស​កម្ពុជា ក្នុង​បំណង​ដើម្បី​កែច្នៃ​វា​ឲ្យ​ទៅ​ជា​លំនៅឋាន​វិញ​ម្តង។ ​ខណៈ​ដែល​ម្ចាស់​ក្រុមហ៊ុន​ដែល​លោក​ធ្វើ​ការ​ជាមួយ​ដំបូង​ផ្តោត​លើ​ការ​លក់​ទូ​កុងតឺន័រ​សម្រាប់​ដឹក​ជញ្ជូន​របស់​របរ​ផ្សេងៗ​នោះ លោក វុទ្ធី បាន​ចំណាយ​ពេល​វេលា​ពីរ​បី​ឆ្នាំ​ដំបូង​របស់​លោក​ធ្វើ​ការ​ស្រាវជ្រាវ​តាម​រយៈ​ទូរស័ព្ទ​ដៃ​លើ​គម្រោង​កែច្នៃ​ការ​ប្រើ​កុងតឺន័រ​ប្រកប​ដោយ​ប្រសិទ្ធភាព​នៅ​ជុំវិញ​ពិភពលោក​។ ​នៅ​ពេល​ដែល​លោក​ឆែក​មើល​អគារ​ខុនដូ ហាង​កាហ្វេ ការិយាល័យ​សម្រាប់​ជួល និង​ស្ទូឌីយោ​ថត​សំឡេង​ក្នុង​តំបន់​ធំៗ​នៅ​ជុំវិញ​ពិភពលោក លោក វុទ្ធី បាន​ឃើញ​នូវ​ឱកាស​ដ៏​ពិសេស​មួយ​ដែល​លោក​អាច​យក​ទូរ​កុងតឺន័រ​ដែក​ទាំងអស់​នេះ​មក​ច្នៃ​ប្រឌិត​ក្នុង​មុខ​ជំនួញ​របស់​លោក​។ លោក​បាន​ថ្លែង​ថា ៖ «​ទូ​កុងតឺន័រ​មួយៗ​វា​ដូច​ជា​ផ្ទាំង​សំពត់​ដែល​ផ្នែក​ខាង​ក្នុង​ទទេ​ស្អាត​។ វា​ដូចជា​សម្បក​អគារ​អីចឹង​ដែរ ប៉ុន្តែ​យើង​អាច​តុបតែង និង​កែច្នៃ​ទាំង​ផ្នែក​ខាង​ក្នុង និង​ខាងក្រៅ​បាន​បាន​យ៉ាង ច្រើន​បែប​ផែន​រាប់​មិន​អស់​»​។ ​កាលពី​៣​ឆ្នាំមុន ម្ចាស់​ក្រុមហ៊ុន​ជនជាតិ​វៀតណាម​របស់លោក វុទ្ធី បាន​បិទ​ហាង​របស់ខ្លួន​ក្នុង​ទីក្រុង​ភ្នំពេញ ហើយ​បាន​ដក​ខ្លួន​ពី​ទីផ្សារ​កម្ពុជា ដែល​បាន​ហុច​ឱកាស​ឲ្យ​លោក វុទ្ធី អាច​ចាប់​ផ្តើម​មុខ​ជំនួញ​នេះ​ដោយ​ខ្លួន​ឯង​បាន​ដែល​លោក​បាន​ដាក់​ឈ្មោះ​អាជីវកម្ម​របស់​ខ្លួន​ថា Vuthy Container​។ ​ក្រុមហ៊ុន​របស់​លោក​បាន​ដំណើរ​ការ​ចាប់​ពី​នោះ​មក ហើយ​នា​ពេល​បច្ចុប្បន្ន សហគ្រិន​វ័យ ២៨​ឆ្នាំ​រូប​នេះ មាន​សមាជិក ១៥​នាក់ ខណៈ​ដែល​ក្រុមហ៊ុន​របស់​លោក​កំពុង​តែ​ត្រូវ​បាន​ពង្រីក​សេវាកម្ម​របស់​ខ្លួន ដើម្បី​រួម​បញ្ចូល​នូវ​ការ​ច្នៃ​ប្រឌិត​លើ​គម្រោង​អចលនទ្រព្យ​ដែល​ចង់​យក​ទូ​កុងតឺន័រ​ទៅ​សាងសង់​។ ​ក្រុមហ៊ុន​របស់​លោក វុទ្ធី មាន​ការ កុម្ម៉ង់​ទិញ​ទូ​កុងតឺន័រ​ពី​ប្រទេស​ចិន វៀតណាម ឬ​កូរ៉េ ក្នុង​តម្លៃ​ប្រហែល​ជា ១០០០​ ដុល្លារ ក្នុង​ ១ ​កុងតឺន័រ បន្ទាប់​មក​យក​ទៅ​ច្នៃ​សាងសង់​ជា​សំណង់​លំនៅឋាន ឬ​សំណង់​ពាណិជ្ជកម្ម​ផ្សេងៗ​។ ​បន្ទប់​ការិយាល័យ​ដ៏​ស័ក្តិសម​បំផុត​ដោយ​មាន​ក្រាល​កម្រាល​ព្រំ​ផ្ទាំង​កៅស៊ូ​ការពារ និង​ម៉ាស៊ីន​ត្រជាក់​ផង​ដែរ ត្រូវ​បាន​លក់​ក្នុង​តម្លៃ ៣ ០០០ ​ដុល្លារ​សម្រាប់​មួយ​ទូ​ដែល​មាន​ទំហំ​ផ្ទៃ​ក្រឡា​ប្រមាណ ៨​ម៉ែត្រ​ការ៉េ​។ ​ក្រុមហ៊ុន​របស់​លោក​ធ្លាប់​បាន​សាងសង់​សម្រាប់​គម្រោង​ក្រុមហ៊ុន​កសិករ ម្ចាស់​រោងចក្រ និង​អ្នក​ដែល​ត្រូវ​ការ​បន្ទប់​ការិយាល័យ​តូចៗ ដោយ​ជោគជ័យ​រួច​មក​ហើយ​។​ ​ស្ថានីយ​ទូរទស្សន៍​មួយ​ចំនួន​ក៏​បាន​ចុះ​កិច្ច​សន្យា​ទិញ​កុងតឺន័រ​របស់​លោក វុទ្ធី ធ្វើ​ជា​បន្ទប់​ស្ទូឌីយោ​ថត​សំឡេង​បិទ​ជិត​បាន​ផង​ដែរ​។ ​គម្រោង​ដ៏​ធំ និង​ពិសេស​មួយ​របស់​លោក​នៅ​ពេល​បច្ចុប្បន្ន​នេះ គឺ​បារ៍ K-Race ជា​ទូ​កុងតឺន័រ​ដែល​មាន​ទីតាំង​នៅ​ផ្លូវ​លេខ​៥៩ ខណ្ឌ​ដូនពេញ​។ K-Race គឺជា​បារ៍​ផង ជា​ភោជនីយដ្ឋាន​ផង និង​ជា​កន្លែង​ប្រគំ​តន្ត្រី​ផ្ទាល់ ដោយ​ត្រូវ​បាន​សាងសង់​ឡើង​ដោយ​ទូ​កុងតឺន័រ​ចំនួន​២០​ភ្ជាប់​គ្នា​។ ​សម្រាប់​គម្រោង​នេះ លោក វុទ្ធី បាន​ចាប់​ដៃគូ​សហការ​យ៉ាង​យក​ចិត្ត​ទុក​ដាក់​ជាមួយ​ស្ថាបត្យករ​មួយ​រូប ដើម្បី​បង្កើត​នូវ​សំណង់​មួយ​ដែល​ប្លែក​ទាក់​ភ្នែក តែ​ក៏​អាច​ប្រើការ​បាន​យ៉ាង​ល្អ​ផង​ដែរ​។ បារ៍ K-Race ដែល​ជា​មុខ​ជំនួញ​មួយ​កំពុង​តែ​ដំណើរការ​យ៉ាង​រលូន​នេះ មាន​អគារ​ជា​លក្ខណៈ​មុខ​ជំនួញ​ធំ ដែលមាន​បុគ្គលិក​បម្រើការ​ពាក់មួក​មួយ​រឹង​។ ផ្នែក​ខាងក្នុង​របស់ K-Race ត្រូវបាន​តុបតែង​ដោយ​របស់របរ​ចាស់ៗ​យកមក​ច្នៃ​ជាថ្មី​ដូចជា​បង្អួច​ធ្វើ​ពី​ដប និង​កន្លែង​អង្គុយ​ធ្វើ​ពី​ពពួក​ធុងសាំង​ធំៗ​ចំណុះ​៤០​ហ្គាឡុន​(Gallon)​ផង​ដែរ​។ ​គម្រោង​របស់​លោក​វុទ្ធី​ដែល​នឹង​ចាប់​ផ្តើម​ឆាប់ៗ​ខាង​មុខ​នេះ គឺ​ក្រុមហ៊ុន Vuthy Container នឹង​ចាប់​ដៃគូ​យ៉ាង​ជិត​ស្និ​ទិ​ជា​មួយគូ​ស្វាមីភរិយា​ជនជាតិ​អាល្លឺម៉ង់ និង​ម៉ាឡេស៊ី ដើម្បី​សាងសង់​ជា​សណ្ឋាគា​របៀប​បង់​ហ្គា​ឡូ នៅក្នុង​ខេត្ត​កំពត ដែល​នឹងមាន​ការ​តុបតែង​ដោយ​ប្រើ​របស់​របរ​ចាស់ៗ​មក​កែច្នៃ​ជាថ្មី​ផង​ដែរ​។ ​អ្នក​លក់​ភេសជ្ជៈ និង​អាហារ​ជនជាតិ​សិង្ហ​បុរី​ម្នាក់​នៅ​ក្នុង​ទីក្រុង​ភ្នំពេញ ក៏​កំពុង​តែ​ធ្វើ​ការ​ជាមួយ​លោក វុទ្ធី ដើម្បី​បើក​ហាង​កាហ្វេ​មួយ​ដែល​មាន​ទូ​កុងតឺន័រ​ចំនួន​៦​ទូ​។ ​ទន្ទឹមនឹង​នេះដែរ លោក វុទ្ធី បាន​ឃើញ​នូវ​ការ​រីក​លូតលាស់​មុខ​ជំនួញ​របស់​លោក ដែល​អាច​អនុញ្ញាត​ឲ្យ​លោក​ប្រឡូក​ចូល​ក្នុង​ទីផ្សារ​សំណង់​លំនៅឋាន​នៅ​ក្នុង​ប្រទេស​កម្ពុជា​ថែម​ទៀត​ផង​។ ​ជាមួយ​នឹង​តម្លៃ​ទាប​ជាង​៦​ពាន់​ដុល្លារ​ក្នុង​មួយ​ទូ​ដែល​មាន​ទំហំ​ប្រមាណ​៩​ម៉ែត្រ​ការ៉េ​នេះ គេ​អាច​យក​ទៅ​ច្នៃ​ធ្វើជា​បន្ទប់​គេង ដែល​មាន​គ្រែ​៣ មាន​បន្ទប់​ទឹក បន្ទប់​គេង កន្លែង​ទទួលភ្ញៀវ ឬ​ចង្ក្រាន​បាយ​ថែម​ទៀត​ផង​។ ភាព​ងាយ​ស្រួល​ក្នុង​ការ​ប្រើ​ទូ​កុងតឺន័រ​យក​ទៅ​សាងសង់​ជា​សំណង់​លំនៅឋាន​បែប​អា​ផាត​មិន​នេះ​ក៏​ផ្តល់​អំណោយ​ផល​ដល់​គម្រោង​ធ្វើ​លំនៅឋាន​ដែល​ពុំមាន​ដី​ធំ​គ្រប់គ្រាន់ ហើយក៏​មានតម្លៃ​សមរម្យ​ទៀតផង​។ ​ដោយមាន​ការតុបតែង​បន្ថែម​ដោយ​ប្រើ​វត្ថុ​ធាតុ​ដើម​ដូចជា​ស្នោរ​(Styrofoam) និង​សំឡី​ឡែន (Rock Wool) ព្រមទាំង​មាន​ប្រហោង​ខ្យល់ កង្ហារ និង​ម៉ាស៊ីនត្រជាក់ ទៅតាម​តម្រូវការ​របស់​អតិថិជន​នោះ លោក វុទ្ធី អាចបង្កើត​លំនៅឋាន​មួយ​ដែល​អាច​រស់​នៅបាន​យ៉ាង​ងាយស្រួល និង​មាន​តម្លៃ​សមស្រប​ទៀត​ផង​។ ​លោក វុទ្ធី ថ្លែងថា ទូ​កុងតឺន័រ​អាច​យក​ទៅ​ប្រឡូក​ចូល​ក្នុង​ទីផ្សារ​កម្ពុជា​បាន ពិសេស​គឺ​ក្នុង​ទីក្រុង​ភ្នំពេញ តែ​ម្តង​។ ​លោក វុទ្ធី ថ្លែង​ថា ៖ «​វា​មាន​តម្លៃ​សមរម្យ មិន​ខ្ទរ​សំឡេង និង​ធន់​នឹង​កម្តៅ​ទៀត​ផង​។ វា​មិន​ស៊ី​ទំហំ​ដី​ហើយ​ងាយ​ស្រួល​រក​ទិញ​បាន​គ្រប់​ពេល​»​។ ​លោក​បន្ត​ថា ៖ «​ដោយ​អាច​យក​កុងតឺន័រ​មក​ច្នៃ​ប្រឌិត និង​ប្រើ​សម្រាប់​គម្រោង​ផ្សេងៗ​បាន នោះ យើង​អាចជួយ​សម្រេច​គោលដៅ​អតិថិជន​បាន​យ៉ាង​ច្រើន​»៕​ Get in touch with Vuthy today: 089 / 098 / 068 822977

Even though the sounds of construction ring across Phnom Penh, the Cambodian real estate market still needs development in terms of consistency and quality to encourage a higher rate of FDI in real estate.  Nevertheless, in the eyes of many investors, Cambodia is demonstrating the political stability and consistent economic growth necessary for confidence in new foreign investments. The director of Khmer Real Estate, Mr. Kim Heang, said that the real estate development in Cambodia is showing great potential as the Cambodian economic sector is rising by around 8 percent per year for the last 20 years. Cambodia in becoming an increasingly attractive place for investors because Cambodia today has better infrastructure, low labor prices, and 70 percent of people are under 35 years old. These factors are the most encouraging for investors, believes Heang.    ​He went on to say that the growth of the construction sector is demanding more responsibility and respect, as it is becoming a crucial industry for the nation’s growth and people's’ wealth. “Now Cambodian valuers and agents are also rising in their abilities and professionalism in order to prepare for the Asean economic community integration” he said. “Cambodia is one the leaders in economic growth within Asean, and we will step forward into the future as a strong market”.   General Director of Century 21 Mekong, Chrek Soknim, said that he is optimism about the growth of real estate in Cambodia. “This should continue to grow sustainably until 2018 because the sector faces no impediments.” He claimed that there are three factors currently supporting the growth of the real estate market sector. First of all, good political stability is important to attract more investors. Secondly, the Asean integration at the end of this year will mean more commerce and cultural exchanges between Asean states, naturally supporting demand for accommodation, investment properties and office space. Thirdly, the increase in quality and variety of available real estate will allow investors more choice when they buy real estate in Cambodia. And Forth, the royal government of Cambodia will soon be able to grant loans to its citizenry on long repayment terms of 20 years and higher, meaning more people will have credit to buy their own homes. When the majority of people are able to buy a house, then the construction and real estate sector can only grow.   “Even though new development projects face some obstacles in the coming years, if they choose the right location, and build to the right quality standards, these problems will be limited,” he added. He mentions that the economic growth rates of 7 to 7.5 percent are ideal for business growth, and will also support the real estate market development industry. Sear Chaylin, general director of CL Realty Estate, said that the property being sold has decreased a little bit in a last few months, but this is normal when the rainy season is coming. During this period, buyer transactions are usually slower. It will increase when Cambodia is ready to integrate with ASEAN at the end of this year. Many Japanese companies are now flowing into the Cambodian market, bringing new challenges and opportunities to the market. “I think that the real estate market and property sector will continue to develop because the needs of the people are rising, strong economic growth is occurring alongside relative political stability, and security in the market is better than ever,” Mr. Sear Chaylin said. “Even though we are seeing increases in construction, it will be suitably matched to the current economic growth and the needs of the people”. Senior National Economic Counselor, H.E Mey Kalyan said that “for instance, when we buy fish, vegetables, and rice today, then we can eat. But, if we buy a house and property, we cannot eat the benefits immediately. We have to keep it for a long time and it represents a big risk. If you don’t have enough money, you can borrow that money from the bank in order to invest, and hope that it will gain profit in the future. However, if the house is not sold or rented, people will not have money to pay back to the bank and, if this happens to too many people, the bank will collapse. When banks collapse the financial system and national economy is in great jeopardy.”       “Be careful if you are building for rent or sale, then you cannot rent or sell upon completion - this is a big problem. So, control your risks and always try to limit your chances of failure.” H.E Mey said. “The royal government of Cambodia can see this risk. Be careful, because any sector growing so fast has risks like this.” H.E Kalyan went on to say that the government should manage the flow of money in the right way in order to control this growth risk. But when you prevent the flow of money, the growth of the economy can suffer. Therefore, the management of money flow must play a balancing role into the future. H.E Mey Vann, General Director of Financial Industry of Ministry of Financial and Economy, said flows of money into the real estate market sector have come with few risks thus far, but the ministry is being proactive in working with investors in order to manage the data of development, demands, and specific support for preventing risk in this sector. “Data management and money flow management in this sector is very important for us if we want real estate development sustainability” H.E Mey Vann said. Realestate.com.kh is proud to support the CVEA's Property View publication. Click here to get your copy, or if you are interested to join the CVEA today.

The ASEAN Integration came into effect at the end of 2015. However, Cambodians seem to lack an in depth understanding about the community and its influence on people's day to day lives. Consequently, to provide more knowledge about the ASEAN community, Property View Magazine raises key information to grant a greater understanding for our readers.The ASEAN Economic Community (AEC) comprises a joint population of 622 million people and $2.6 trillion of overall GDP, which increased by 4.6 per cent in 2014, as according to a report from the Ministry of Foreign Affairs and International Cooperation. ASEAN took many measures in order to deeply integrate all member states and improve regulation, infrastructure and flow of goods, ease of trade tariff barriers and improved economic relationships generally. How do people describe the ASEAN Economic Community?AEC will make the 10 member states closer. This means that all the states will need to compromise to have one vision in the region with peace, stability, and security in perpetuity. The ASEAN Community is comprised of three pillars, namely the ASEAN Political-Security Community, ASEAN Economic Community and ASEAN Socio-Cultural Community. The ASEAN community hope to have a population of 620 million people with “One Vision, One Identity, One Community”.  This community officially came into effect in 31st December, 2015. What do we expect from the integration this year?The ASEAN evolution is still progressing, but it does not change quickly. To initiate this community, the member states implemented the three pillars vision, with the aim of becoming integrated deeply and comprehensively. More specifically, ASEAN leaders adopted the ASEAN Economic Vision 2025 which continues to integrate and strengthen their relationships over the next 10 years. How will the community influence the daily lives of people?The main goal of the ASEAN region is to promote people’s livelihood. The 2015 statement about the AEC, as issued by the ASEAN leaders on the 27th November, 2015, focused mainly on people and people’s power in the community. People continue to work together and gain benefits from ASEAN such as freedom, neutrality and seeking to find ways to strengthen solutions mechanisms. Can we travel across ASEAN by free visa or work in another country in ASEAN without any barrier?The agreement and ASEAN initiation has eased the travel restrictions throughout all the ASEAN countries and now many agreements confirming these rights are being prepared. For the working sector, an agreement that all the members acknowledge each other in ASEAN allows limited flow of labors such as engineers, nurses, architects, real estate experts, doctors, accountants, and tourism professionals. Some ASEAN countries have climaxed. How will the AEC resolve this problem? The ASEAN members have different perspectives on one particular subject and some members still have demarcation disputes. However, all the members are committed to obey the ASEAN Charter in principle and use this charter to guide them to resolve any dispute. In the ASEAN way, reconciliation and peaceful means of confrontation and solving problems, and neutralization, are implemented.  ASEAN have many agreements to promote peace, cooperation and the regional consolidation, including the 1971 statement which is about peace, consolidation, and aseanization. There are many ways to ease the free flow of goods, service, and people in the region which has highways, 47 ports, corridors, fast data, ASEAN energy supply systems, and infrastructure across the border Three transportation agreements will connect all the member states, and the three agreements also ease transportation across all the ASEAN countries and multi-transportations - which is aimed to reduce expense and boost transportation services across the borders. Lao and Vietnam, for instance, launched a checking system along Bao Danh Savanh border in 2015 in order to boost the bilateral trade in the east and west economic corridors.  The ASEAN members are easing the goods transportation across ASEAN countries’ borders and single gate mechanisms. In 2016, the single gate in ASEAN is ready to be implemented by all ASEAN members. ASEAN continues to implement a single airline and production base, and open investment inside and outside ASEAN. Many measures connect the institutions involved and ease the trade among the countries, such as the ASEAN trade data storage and national trade data storage systems. ASEAN is solving the tariff barrier to boost the trade and investment in ASEAN. Realestate.com.kh is proud to support the CVEA's Property View publication. Click here to get your copy, or if you are interested to join the CVEA today.

The construction sector has become the most dynamic engine of growth, partly due to the return of political stability and a revival in consumption, according to a recent report by the World Bank. Economic growth here is still led by construction, garment exports and tourism, the World Bank said in its report “World Bank East Asia and Pacific Economic Update – Staying the Course.” Construction investment increased nearly 3 billion US Dollar in the first 11 months 2015 if compared with the same period last year, according to the data from the Ministry of Land Management, Urban Planning, and Construction.According to Im Chhunlim, senior minister of the Ministry of Land Management, Urban Planning, and Construction, said construction investment capital reached about 2.9 billion US Dollars in the first 11 months in 2015 if compared with the same period last year, increased 27 per cent. A group of local real estate expert said the construction sector helps invigorate the economy as well as GDP growth. Kim Heang, CEO of Khmer Real Estate and president of Cambodian Valuers and Estate Agents Association (CVEA), said the construction sector took the biggest part in Cambodia’s GDP because most wealthy people gain benefit from the land and construction. He warned, “We don’t have to concentrate only on the construction sector because the prices can increase or decline depending on the situation as there are many sectors we have to focus on such as tourism, agriculture, as well as garment.” “People’s income does not meet the current residential, and number of tenants saw an increase, so the government must take action to make middle income people to be able to afford housing,” he said. In order to become a developed country with strong GDP, we have to depend on human resource. It is a long-term investment and the education system has to be improved,” Mr. Heang said. Chrek Soknim, CEO of Century21 Mekong, stressed the vital role of the construction sector in the Cambodian economy. “The economy talks about money. Currently as we can see, construction sector in Cambodia injected a lot of money into the economy. That’s the reason the construction sector took a big part in the GDP growth,” Mr. Soknim said. However, he said, “even though the Cambodia property sector is younger if compared with other countries, the Kingdom gains advantages from the sector.” “With people’s stable income bank sector in Cambodia also plays a vital role in boosting the property sector, and cash flow can help the economy,” he added. “To make the construction sector consistency, the government has to take care of investors by issuing laws to projects both investors and buyers,” Mr. Soknim said. In Sitha, vice-president of World Trust Estate, said currently there have been many construction sites popping up in Phnom Penh, and this creates many jobs for people as well as experts in the sector: “It means workers and experts in the construction sector earn more income from the construction, and many constructions boost the GDP growth and according to the current data from the Ministry of Land Management, Urban Planning and Construction, the construction saw an increase, and this means it took a part in the GDP as well,” Mr. Sitha said. “Bank sector plays an important role in providing loan for people to have enough ability to afford home as many middle-income people use the loan to buy their own home,” he added. Return On Investment of condo investment in Cambodia is around 7.5 per year if compared to the same Asian markets, Cambodia’s investment provide more benefit as Thailand and Japan at 6.3 and 5.5 per cent respectively, China and Hong Kong are offering rent yields of only 2.7 and 3.3 per cent respectively, and Philippine at 7.1 per cent annually, according to a recent study of Century 21 Mekong. According to a report of real estate agency Century21 condominium development increased by 20 per cent annually from 2008 to 2014 with 13 projects successfully completed, which translates to 3,090 available units as of today. With another 17 projects currently underway, the report predicted that by 2018, when many of the current projects are slated for completion, the number will have more than tripled to over 10,000 available units across Phnom Penh. Cambodia’s per capita GDP is forecast to reach $1,220 this year, up from $1,123 last year, according to official data. This places the country near lower-middle income status. Its new forecast comes just a few weeks after the Asian Development Bank revised its March forecast for economic growth this year from 7.3 per cent to 7 percent. The construction sector has become the most dynamic engine of growth, partly due to the return of political stability and a revival in consumption; however, the tourism sector is underperforming, despite the initial recovery in tourist arrivals to Thailand. Tourist arrivals during the first six months grew by only 4.6 percent (reaching 2.3 million visitors), compared to 6.9 percent during the same period last year, the report from the World Bank said. Realestate.com.kh is proud to support the CVEA's Property View publication. Click here to get your copy, or if you are interested to join the CVEA today.

The official opening ceremony for the Camhomes’ Sihanoukville office was held last Saturday, March 26, graced by a host of honourable guests, including Oknha LAV Kang from the Sihanoukville Chamber of Commerce.With the launch of Camhomes’ Sihanoukville sales office, opening daily beside the 2 Golden Lion Roundabout, Camhomes can now provide investors close-proximity information about D’seaview and other upcoming Camhomes’ projects. It is also just minutes away from the buzz of the D’Seaview construction site...The D’Seaview construction is moving very quickly now. Already, 14% of the piling works are completed under the guidance of an international team of engineers, supervisors and construction professionals.Having accumulated more than 25 years of experiences in the design, construction and management of property developments in Singapore since 1988, D’Seaview will incorporate the latest in construction methods and modern building management concepts from Singapore.  The use of precast panels will allow for a smoother and more consistent finish throughout the complex; hollow core precast panels also allow service connections to be hidden within the wall therefore minimising the need for hacking and plastering or exposed ductworks; quality international standard fittings and fixtures will be used throughout, along with homogenous floor tiles, safety glass ( for windows which extends below 1m height), and a safe and quality assured elevator system; wall tiles to wet areas come standard, and beautifully-crafted roof terraces are provided for selected units; finally, all bathrooms have windows to allow for natural light and ventilation, and all enclosed kitchens have windows for ample ventilation. Naturally lighted and ventilated corridors, via cross ventilation, ensure a high level of comfort in all common areas within D’Seaview. As importantly, your new home will be a safe haven – with a high level of security via separate commercial and residential car park levels, card access and an integrated intercom service. Residential units will enjoy unrestricted sea views through design thanks to D’Seaview’s efficiently shaped floor plans. Prime units also include spacious balconies for outdoor enjoyment. Luxurious amenities shall fall at your doorstep, with subscription facilities such as a pool cafe, swimming pool, kid’s room, yoga room, library, and fully equipped function rooms. Realise your housing and commercial dreams now; and visit Camhomes’ D’Seaview showrooms in Phnom Penh at the Canadia Tower, level 3, or in Sihanoukville, Golden Lion Roundabout 2.Or check out the full listing information online at realestate.com.kh.And if you're in Sihanoukville this weekend, call the local sales team for a tour of the site and showroom.

Realestate.com.kh spoke with talented freelance architect & accomplished artist Sothea Thang about innovative architectural design and how to add value to your property.Sothea Thang is a self-taught Cambodian artist born in 1983. He graduated from Norton University in Phnom Penh with a degree in architecture and urban planning, and he worked at an architectural agency from 2007 to 2010. In September 2009, Sothea took a leave from his architectural position and turned to painting for a break from his office job. This soon became his vocation when he developed “Happy Together”, his first collection of paintings. The series was commissioned by a Siem Reap hotel and was exhibited later that year, and its success pushed Sothea to explore his skills across visual media, even as he continued to work as a freelance architect. In 2011, he opened his own studio-gallery in Phnom Penh, Top Art Gallery.What made you decide to be an architect?Sothea Thang: As a child with a wild imagination, I always enjoyed all kinds of creative activities. When I finished high school, I looked around at the art scene in Cambodia. The scene was small and there were not many opportunities for local artists at that time. I thought about what I could do for my studies that was still connected with creative activities and thus decided to try architecture. I found I really enjoyed studying the subject at university and that led to my continued work in the field. What trends do you feel are important in architecture/design?Sothea Thang: I appreciate naturalistic aspects that emphasize space, functionality, and light. Green space is important too. Architecture is about merging elements in designing a structure, and I feel it's necessary to bring these things all together into the building as well. What is your design philosophy?Sothea Thang: Simplicity and strength through purity. Less is more. Practical yet beautiful. I like to bring about something that is unexpected; creating new forms within older structures and merging them together. This can be challenging but has often led to my most unexpected and novel successes.What key aspects are essential for innovative design?Sothea Thang: Space: the feeling when you walk in, that it's an open space with light, air and with green/natural elements. You feel like you can breathe. Also need to study and consider what's around the building. The result is needs to fit well. The materials inside and outside also need to fit with a vision and belong with those naturalistic elements informing the design.  Some businessmen today, they build without thinking about the space itself or about the surroundings, they just build and want to sell. But this omits any thought about the people living, working, or passing time in that space.What's happening in Cambodia in terms of "green" or sustainable design?Sothea Thang: In Cambodia, we don't really see this a lot right now. Past architects have paid more attention to the light, the air, the rain, but today we see buildings going up quickly with focus on maximizing profit. For example, they make housing developments, and they divide the land plots as much as they can to maximize the number of units available for sale. This minimizes space for greenery, it blocks out light and air, and it actually leads to increased energy and water costs. From one unit to another, the space is not enough. No attention to trees or nature, and not enough focus on the space within the units they build. How do you know if a building is well designed?Sothea Thang: There is more attention to the way the elements flow in and around the structure, better technical connections such as water pipes, drains, and electricity. I look at the details and the quality of the chosen materials. These signal the quality of the construction work. I also look at how the space is arranged to determine what kind of concept there was in the design. The finishing on the walls or the way a floor is polished, signal to me the intentions and the techniques behind the designs.Regarding renovation, what elements add the most value to a property?Sothea Thang: When I'm renovating an old building, it's important for me to determine the existing elements of the space. Then I try to retain key features of the building while merging my own contemporary additions into the structure. Often, the key step is opening up the blocked interiors of the property. I select higher quality materials, open up the space to more light and air, add green features, and maybe create some aesthetic flourishes. My clients have appreciated when the spaces are opened up to more light and air. This also requires thoughtful consideration of the overall floor plan and the way people actually walk through the rooms and use the space. Modernizing the appliances and updating the materials with higher-quality detailing are also key. This is the same for every part of the house: living room, kitchen, bedroom, bathroom, and terrace/garden. This interview has been edited for length and clarity purposes.

Welcome to Real Estate Investment Opportunities High Value Networking Event... Successful people agree that effective networking is crucial to growing your business. That is why we are organizing the very special and high value networking event to provide you with the Best real estate investment opportunities and discover many good ideas how the seasoned investors invest in the property market in Cambodia. We have 3 Successful Entrepreneurs sharing their valued experiences.You will meet new business contacts such as Season Real Estate Investors, Decision Makers, Property Owners, Real Estate Professionals, SME Owners and Executives from across industries, and the Best of it’s Fun sharing together. We will be served Cocktail and Drinks and you will get a chance to win great PRIZES. Bring an associate, lots of Business Cards and be ready to have a GREAT TIME!Date: Wednesday 30th March 2016. Time: 6:00- 8:30PM. Venue: At Skybar of Frangipani Boutique Hotel (Toul Tom Poung). Address: #15 Steet 123 Khan Chamkarmom, Toul Tom Poung (Near Russian Market), Phnom Penh. Your investment is only $15/person.Call: Ms.Vannak 095 666 298 to reserve your place now!