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Location Profile: Chroy Changvar
Location Profile: Chroy Changvar
June 6, 2022, 5:06 p.m.
Realestate News
Located where the Tonle Sap and Mekong rivers meet, to the north of the capital, the Chroy Changvar peninsula has undergone significant development over the last few years. Once a rural, marshy area, the peninsula is now seen as one of several future โ€˜satellite citiesโ€™ and accessibility has improved thanks to a second bridge opening last year, linking the suburb to the city center, and construction of commune and district roads and National Road No. 6A. With the much anticipated Sokha Phnom Penh Hotel opening its doors, along with some mid-rise and high-rise condominium developments completed such as Bellevue apartments and Galaxy condominiums, land prices have surged in recent years. According to VTrust Appraisal market research, the growth rate has been hovering around 20 percent over the past two years and is only set to continue. Current large scale project developments include LYP Satellite City, Borey the Flora, Borey the Royal Mekong, Mekong View II and III among others, and the advancement of the Chroy Changvar riverside boardwalk. Chroy Changvar district covers five communes, including Chroy Changvar, Preaek Lieb, Preaek Ta Sek, Kaoh Dach, and Bak Khaeng. An attractive calling card of the district is that it is less congested than those areas across the waterway and offers magnificent views of river and city skyline. [caption id="attachment_80745" align="alignleft" width="300"] Mr. In Sitha, director of business development at VTrust Appraisal[/caption] A recent Vtrust land market survey from January 2016 found that land prices in the commune ranged from USD 420 to USD 1,750 per square meter depending on particular determinants such as significance of streets, zoning, and potentiality of development.โ€œThe land price is still lower compared to nearby districts such as Ruessie Kaev and Daun Penh,โ€ says Mr. In Sitha, director of business development at VTrust Appraisal, โ€œAnd only threeย kilometersย from Phnomย Penhโ€™s city centre.โ€By contrast, the neighbouring district of Ruessie Kaev, located west and opposite the Tonle Sap River has experienced only a slight jump in land prices over the past two years, hovering around 8 percent. Chroy Changvar was found to be the fastest growing zone priced at USD 1080 per square metre in the second half of 2015 as compared to USD 670 per square meter in the same period in 2013. In says that land prices will continue to rise which is driven my major residential and mixed-use developments, and the peninsula realising its city master plans as mapped out by OCIC and L.Y.P Group. โ€œThere are several commercial developments underway and shop housing available at Borey Sopheak Mongkol and Young Commercial Supermarket. There is also potential to use existing commercial land for car showrooms, restaurants, banking and finance offices as well as office use for private companies,โ€ adds In.VTrust also notes that there has been a slow market absorption rate influenced by a speculative demand deceleration due to an excessive supply of many large portions of vacant land that has seen a very slow pace of actual developments. However the evidence is clear that the district is packed with potential.All property for RENT inย Chroy ChangvarBUY property inย Chroy Changvar
Property valuation in risk management need addressing, opinion
Property valuation in risk management need addressing, opinion
June 6, 2022, 5:06 p.m.
Realestate News
An Opinion piece from Mr Sim Hoy Chhoung, ceo of V Trust Appraisal Co. Ltd.As the banking sector is growing in order to fuel the mortgage and collateral-based lending industry, so is the potential concerns over the property valuation standards and risk management systems currently in place in the Kingdomโ€™s banking sector. The global financial crisis, which led to real estate bubbles across various countries around the world, offers a good lesson to explain the current concerns.Industry leaders agree: a risk analysis should be carefully taken into account. This was the suggestion of Mey Vann, director general of the Department of Financial Industry, Ministry of Economy and Finance, as cited by the Phnom Penh Post on 19 August 2015, one day after the inter-ministerial seminar on โ€œOpportunities and Potential Risks in Developing Cambodiaโ€™s Property Sectorโ€ at Cambodiana Hotel. The 2008 global economic crisis, which impacted Asia and Cambodia, offered a lesson that โ€œwe must not let happen again,โ€ he said.But how can we curb the potential risks associated with mortgage and collateral-based lending? From my experience, compliance to standards and professionalism in property valuation is one of the best ways to help mitigate the risks associated with loan defaults that could potentially lead to a wider market financial crash. The Royal Institute of Chartered Surveyors (RICS), one of the worldโ€™s most well-recognized organizations, representing professionalism and ethics in land, real estate, and construction appraisals, stresses that accurate and professional valuations are vital to a healthy property market and a stable economy, forming the basis of performance analysis, financing decisions, transactional or development advice, dispute resolution and taxation. However, not all banks in the country comply with valuation best practices and standards. While all would consider property valuation as a crucial part of any risk assessment, not all of them have clearly-defined measures to ensure compliance, often deciding to offer contracts to valuation partners that are not independent, and do not enforce professional and ethical codes of conduct, or lack professional indemnity insurance coverage. This sentiment has also been echoed elsewhere. While many of the banks seem to forget the potential risks, officials advise that property valuation firms should not be biased or under any influence that could cause an unfounded value inflation or deflation of the subject property. Kim Vanda, director general of Banking Supervision of National Bank of Cambodia, said, in the same seminar, that the malpractice could potentially pose risks to the banking industry as a whole, adding banks that have in-house valuation units should also use independent valuation firms to ensure that the appraised values of the subject properties are reasonably concrete and consistent. To ensure a healthy property and banking sector, an understanding of the weaknesses in the valuation process could help. The Central Bank of Ireland issued the December-2012 study report entitled โ€œValuation Process in the Banking Crisis โ€“ Lessons Learned โ€“ Guiding the Futureโ€ identifying three overriding areas of primary weaknesses in valuation processes during the boom lending years. First, a weakness could come from an inaccurate or inappropriate definition of valuation requirements by credit institutions, thus leading to a subsequent inadequate assessment and understanding of valuations.Second, it could be the result of inadequate valuation processes and standards, or a disregard for adherence to such processes.Third, the weakness could also be the result of a lack of appreciation of the significance of the valuation document as independent evidence of risk mitigation effectiveness. Many bankers did not fully regard the importance of independent valuations and the valuation reports as a key document underpinning the basis on which they were acquiring the risk. Besides identifying the overriding areas of weaknesses, the study also highlighted a number of critical issues that credit institutions should pay attention to in the property valuation process - such as the issue of conflict of interest, valuer panel management, and inappropriate use of informal valuations. In many instances, lenders would accept existing valuations that had been prepared by valuers on behalf of the borrower, not the credit institutions. In this case the study recommends that the valuersโ€™ duty of care is to the credit institutions and this should be emphasized by credit institutions in their written instructions to valuers in accordance with its clearly defined terms of engagement. Valuation reports should always be addressed to the credit institutions that is advancing the loan funds to avoid any complaint or manipulation between valuers and borrowers or owners of the property. When it comes to valuer panel management, the study identified some weaknesses in credit institutions practices including the appointment of valuers without sufficient qualifications, without any evidence of sufficient professional indemnity insurance, with inadequate or no review of panel membersโ€™ performance, or on the basis they are a customer of the bank. In sum, to create a healthy financial environment, banks should comply with valuation best practices and standards. Two of the most credible standardized valuation systems advised by the study report are the International Valuation Standards, known as the White Book, and the RICS valuation standards, known as the Red Book. Although the study report seems to stress more on experiences and applications in settings outside of the Kingdom, it does not make any difference since globalization has made almost all the worldโ€™s systems into โ€˜oneโ€™ that applies for all and, more importantly, all central banks should be subject to the Basel Committee on Banking Supervision which should incorporate best banking practices into all standards. That said, the countryโ€™s valuers association is also working to benefit the industry. Cambodian Valuer and Estate Association (CVEA), which represents the countryโ€™s valuation and real estate industry, has taken measures to set minimum valuation fee charges for the industry. The minimum fees should help prevent valuation firms from competing on fees and in-turn compromise the quality of the final appraisal. Sim Hoy Chhoung is the chief executive officer at VTrust Appraisal Co., Ltd. The views and opinions expressed in this article are those of the author and do not necessarily reflect the official position of VTrust Appraisal Co., Ltd.
แžแžŽแŸ’แžŒแž‘แžฝแž›แž‚แŸ„แž€แŸ– แžแŸ†แž”แž“แŸ‹แžŠแŸ‚แž›แž˜แžทแž“แž‚แžฝแžšแž˜แžพแž›แžšแŸ†แž›แž„
แžแžŽแŸ’แžŒแž‘แžฝแž›แž‚แŸ„แž€แŸ– แžแŸ†แž”แž“แŸ‹แžŠแŸ‚แž›แž˜แžทแž“แž‚แžฝแžšแž˜แžพแž›แžšแŸ†แž›แž„
June 6, 2022, 5:06 p.m.
Realestate News
แž“แŸ…แž–แŸแž›แž‡แž“แž”แžšแž‘แŸแžŸ แž“แžทแž„แž‡แž“แž‡แžถแžแžทแžแŸ’แž˜แŸ‚แžšแžŠแŸ‚แž›แž˜แžถแž“แž‘แŸ’แžšแž–แŸ’แž™แžŸแž˜แŸ’แž”แžแŸ’แžแžทแžœแž€แŸ‹แžœแžธแž“แžนแž„แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸ…แž€แŸ’แž“แžปแž„แžแŸ†แž”แž“แž…แŸ†แž€แžถแžšแž˜แž“ย Realestate.com.khย แž”แžถแž“แž€แŸ’แžšแž›แŸแž€แž˜แžพแž›แž‘แŸ…แžแŸ†แž”แž“แŸ‹แž‘แžฝแž›แž‚แŸ„แž€แžœแžทแž‰ แžœแžถแž˜แžถแž“แž—แžถแž–แž‘แžถแž€แŸ‹แž‘แžถแž‰ แž“แžทแž„แžแž˜แŸ’แž›แŸƒแžŸแž˜แžšแž˜แž“แŸƒแž‘แžธแžแŸ†แžถแž„แž“แŸ„แŸ‡ แžแžฝแž™แŸ‰แžถแž„แž‡แžถแž‘แžธแžแŸ†แžถแž„แž˜แžฝแž™แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž‡แž“แž”แžšแž‘แŸแžŸแžŠแŸ‚แž›แž˜แž€แžšแžŸแŸ‹แž“แŸ…แž€แŸ’แž“แžปแž„แž€แŸ’แžšแžปแž„แž—แŸ’แž“แŸ†แž–แŸแž‰แŸ”แž›แŸ„แž€ย Anthony Perkins แž“แžถแž™แž€แž‚แŸ’แžšแž”แŸ‹แž‚แŸ’แžšแž„แž‚แž˜แŸ’แžšแŸ„แž„แž–แžทแžŸแŸแžŸแž แžทแžšแž‰แŸ’แž‰แžœแžแŸ’แžแžป & แžœแžทแž“แžทแž™แŸ„แž‚ แž“แŸ…แž€แŸ’แžšแžปแž˜แž แŸŠแžปแž“แžšแŸ‰แžผแž™แŸ‰แžถแž›แž‚แŸ’แžšแžปแž”แž€แž˜แŸ’แž–แžปแž‡แžถแž”แžถแž“แž“แžทแž™แžถแž™แžแžถ "แž”แŸ’แžšแžŸแžทแž“แž”แžพแž˜แžถแž“แž‚แŸ’แžšแžฝแžŸแžถแžšแž˜แžฝแž™แž˜แžทแž“แžŸแžผแžœแž‚แžทแžแž›แžพแžขแŸ†แž–แžธแž…แŸ†แž„แžถแž™แž•แŸ’แž›แžผแžœแž’แŸ’แžœแžพแžŠแŸ†แžŽแžพแžšแž’แŸ’แžœแžพแž€แžถแžš แž‘แžฝแž›แž‚แŸ„แž€แž‚แžฝแžšแžแŸ‚แž‚แžทแžแžขแŸ†แž–แžธแž€แžถแžšแžŸแŸ’แžœแŸ‚แž„แžšแž€แž•แŸ’แž‘แŸ‡ แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž‡แžฝแž› แžฌแž›แž€แŸ‹แŸ”"แžŸแŸ’แžœแŸ‚แž„แžšแž€แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž‡แžฝแž›แž“แŸ…แž€แŸ’แž“แžปแž„แžแŸ†แž”แž“แŸ‹แž‘แžฝแž›แž‚แŸ„แž€แž“แŸ…แžแŸ’แž„แŸƒแž“แŸแŸ‡แž“แŸ…แž›แžพ realestate.com.kh!แž›แŸ„แž€ย Perkins แž€แžแŸ‹แžŸแŸ†แž‚แžถแž›แŸ‹แžแžถ แžแŸ†แž”แž“แŸ‹แž‘แžฝแž›แž‚แŸ„แž€ "แž‡แžถแžแŸ†แž”แž“แŸ‹แžŠแŸ‚แž›แž˜แžทแž“แž„แžถแž™แž“แžนแž„แžŠแžถแž…แŸ‹แžขแž‚แŸ’แž‚แžทแžŸแž“แžธแžŠแžผแž…แžแŸ†แž”แž“แŸ‹แžแŸ’แž›แŸ‡แž“แŸ…แž€แŸ’แžšแžปแž„แž—แŸ’แž“แŸ†แž–แŸแž‰แž“แŸ„แŸ‡แžกแžพแž„ แž แžพแž™แž”แžปแžšแžธแž‡แžถแž…แŸ’แžšแžพแž“แžŠแŸ‚แž›แžŸแŸ’แžแžทแžแž€แŸ’แž“แžปแž„แžแŸ†แž”แž“แŸ‹แž‘แžฝแž›แž‚แŸ„แž€แž–แžทแžแž‡แžถแž•แŸ’แžแž›แŸ‹แž“แžผแžœแžŸแžปแžœแžแŸ’แžแžทแž—แžถแž–แžแŸ’แž–แžŸแŸ‹ แž แžพแž™แž‚แŸ’แž˜แžถแž“แž€แžถแžšแžšแŸ†แžแžถแž“แž€แŸ’แž“แžปแž„แž€แžถแžšแžŸแžถแž„แžŸแž„แŸ‹แžขแŸ’แžœแžธแžกแžพแž™แž“แŸ…แž‡แžถแž”แŸ‹แžšแž”แž„แžขแŸ’แž“แž€แžกแžพแž™" แž”แŸ’แžšแžŸแžทแž“แž”แžพแžขแŸ’แž“แž€แžšแžŸแŸ‹แž“แŸ…แž€แŸ’แž“แžปแž„แžแŸ†แž”แž“แŸ‹แž”แžนแž„แž€แŸแž„แž€แž„ แžขแŸ’แž“แž€แžขแžถแž…แž˜แžถแž“แžŸแžปแžœแžแŸ’แžแžทแž—แžถแž– แž‚แŸ’แžšแžถแž“แŸ‹แžแŸ‚แžขแŸ’แž“แž€แžขแžถแž…แž‘แž‘แžฝแž›แžšแž„แž“แžนแž„ แžŸแŸ†แž›แŸแž„แžšแŸ†แžแžถแž“แž“แžผแžœแž€แžถแžšแžŸแžถแž„แžŸแž„แŸ‹แž“แŸ…แž‡แžปแŸ†แžœแžทแž‰แž•แŸ’แž‘แŸ‡ แž แžพแž™แžœแžถแžขแžถแž…แž€แŸ’แž›แžถแž™แž‡แžถแž•แŸ’แž“แŸ‚แž€แž“แŸƒแž‡แžธแžœแžทแžแžšแžŸแŸ‹แž“แŸ…แž”แŸ’แžšแž…แŸ†แžถแžแŸ’แž„แŸƒแžšแž”แžŸแŸ‹แžขแŸ’แž“แž€... แž˜แžถแž“แžŸแžถแž›แžถแž…แŸ†แžŽแŸแŸ‡แžŠแžนแž„แž‘แžผแž‘แŸ…แž‡แžถแž…แŸ’แžšแžพแž“แž“แŸ…แžแŸ†แž”แž“แŸ‹แž‘แžฝแž›แž‚แŸ„แž€แž•แž„แžŠแŸ‚แžš แžšแžฝแž˜แž‘แŸ†แžถแž„แžŸแžถแž›แžถแžขแž“แŸ’แžแžšแž‡แžถแžแžทแžŠแŸ‚แž›แž•แŸ’แžแž›แŸ‹แžŸแŸ’แžแž„แŸ‹แžŠแžถแžšแž‡แžถแž›แž€แŸ’แžแžŽแŸˆแžขแž“แŸ’แžแžšแž‡แžถแžแžท แž€แž“แŸ’แž›แŸ‚แž„แž›แž€แŸ‹แž…แŸ†แžŽแžธแžขแžถแž แžถแžšแžŠแŸ‚แž›แž˜แžถแž“แž”แž˜แŸ’แžšแžพแž‡แžผแžŽแž‚แŸ’แžšแž”แŸ‹แžŸแŸ’แžแž„แŸ‹แžŠแžถแžšแžŸแž˜แŸ’แžšแžถแž”แŸ‹แžขแŸ’แž“แž€แžšแžŸแŸ‹แž“แŸ…แž€แŸ’แž“แžปแž„แžแŸ†แž”แž“แŸ‹แž“แŸ„แŸ‡แŸ” แž€แž“แŸ’แž›แŸ‚แž„แž€แŸ†แžŸแžถแž“แŸ’แž แž•แŸ’แžŸแžถแžšแž‘แŸ†แž“แžพแž”แž€แŸแž”แžถแž“ แž€แŸ’แž›แžถแž™แž‡แžถแž‚แŸ„แž›แžŠแŸ…แžŸแŸ†แžแžถแž“แŸ‹แž•แž„แžŠแŸ‚แžšแžŸแž˜แŸ’แžšแžถแž”แŸ‹แžแŸ†แž”แž“แž“แŸแŸ‡ แžแžฝแž™แŸ‰แžถแž„TK Avenue แžŠแŸ‚แž›แž”แŸ’แžšแž˜แžผแž›แž•แŸ’แžแžปแŸ†แžŠแŸ„แž™แž—แŸ„แž‡แž“แžธแž™แžŠแŸ’แž‹แžถแž“ แžšแŸ„แž„แž—แžถแž–แž™แž“แŸ’แž แž•แŸ’แžŸแžถแžšแž‘แŸ†แž“แžพแž‡แžถแžŠแžพแž˜"แž‡แž“แž”แžšแž‘แŸแžŸแž—แžถแž‚แž…แŸ’แžšแžพแž“แž˜แžทแž“แž”แžถแž“แžŸแŸ’แž‚แžถแž›แŸ‹แžแžถแž‘แžฝแž›แž‚แŸ„แž€แž‡แžถแžแžŽแŸ’แžŒแž“แŸ„แŸ‡แžกแžพแž™" แž“แŸแŸ‡แž‡แžถแžŸแž˜แŸ’แžแžธแžšแž”แžŸแŸ‹แž›แŸ„แž€ย Perkins "แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž‡แž“แž”แžšแž‘แŸแžŸแžŠแŸ‚แž›แžšแžŸแŸ‹แž“แŸ…แž‡แžถแž‚แŸ’แžšแžฝแžŸแžถแžš แž˜แžถแž“แž•แŸ’แž‘แŸ‡แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž‡แžฝแž›แžŠแŸ‚แž›แž˜แžถแž“แž”แž“แŸ’แž‘แž”แŸ‹แŸฃแžฌแŸค แž˜แžถแž“แžแž˜แŸ’แž›แŸƒแž‡แžฝแž›แž€แŸ’แžšแŸ„แž˜แŸกแŸ แŸ แŸ แžŠแžปแž›แŸ’แž›แžถแžšแž€แŸ’แž“แžปแž„แž˜แžฝแž™แžแŸ‚ แž‡แžถแž€แžถแžšแž•แŸ’แžแž›แŸ‹แž‡แžผแž“ แžŸแž“แŸ’แžแžทแžŸแžปแž แžขแžถแž„แž แŸ‚แž›แž‘แžนแž€ แž€แŸ’แž›แžนแž”แž แžถแžแŸ‹แž”แŸ’แžšแžถแžŽ แž“แžทแž„แž˜แžถแž“แž•แŸ’แž›แžผแžœแžŸแž˜แŸ’แžšแžถแž”แŸ‹แžแŸ’แž˜แžพแžšแž‡แžพแž„แž’แŸ†แž‘แžผแž›แžถแž™แžขแž˜แžŠแŸ„แž™แžŠแžพแž˜แžˆแžพ"
2016 Cambodian Real Estate Market predictions
2016 Cambodian Real Estate Market predictions
June 6, 2022, 5:06 p.m.
Realestate News
Realestate.com.kh spoke to the leaders of the Cambodian real estate market to find out what type of trends we are likely to witness in the property market in 2016.Sunny Soo, managing director of Keystone, Savills Cambodian associate: โ€œFor the last 6 months, the speed of apartment transactions have softened significantly in Cambodia, especially those projects heavily targeting foreign buyers - and one would only assume this trend to continue into 2016, especially when the volatility of regional economies continue to be a challenge and the Cambodian economy as a whole moves slower than the real estate market boom, the market will eventually face adjustment. The coming election in 2018 may also prompt some developers to start considering holding onto their development plan for now, unless 2016 proves to be a good year for transaction. Nevertheless, it seems that landed developments as well as projects targeting locals will continue to see higher demand as the middle income group continues to grow bigger. All in all, there are still good opportunities for real estate developments in middle-end offices and hotels. The Cambodian market will continue to remain significant for investment consideration among the countries in this region in 2016.โ€ ย  Simon Griffiths, associate director at CBRE Cambodia:โ€œFor 2016, confidence in the Phnom Penh real estate market, with particular reference to the condominium market, will be low within Cambodia with commenters stating oversupply and too-rapid growth causing oversaturation, ultimate leading to exposure to risk.Interestingly, this sentiment will not be reflected outside of Cambodia, in particular relating to Taiwan and China where inbound investment is expected to grow from consumers and developers alike. However, Singaporean investment is likely to cool.Developers who have not launched schemes pre-2016 are likely to continue to progress with development plans but unlikely to consider exclusively condo developments. ย Mixed-use schemes, as well as freehold strata title office and retail space, are likely to become more popular as the potential returns in these sectors are realized both locally and internationally.Hongkong Land Developmentโ€™s โ€œExchange Squareโ€ shall be ready for tenants to fit-out in November 2016, bringing a second high quality Grade A building to Phnom Penh and a very interesting life-style mix for tenants.โ€ ย  June Zeng, investmentย adviserย at Da Yu Real Estate:โ€œIn my opinion, 2016 will be a rather different year for property developers and real estate agents alike. The major fact everyone has to face is that gone are the days when anyone who had a piece of land in town could make a fortune simply by building something on it. The age of professionals have come, which consequently means Adios to the amateurs.In the city of Phnom Penh, market performance will strictly favour the few projects that score high in two aspects: excellent product and professional marketing. Anything short of either, I'm afraid, is very likely to bring about disappointment.The immediate question Phnom Penh is soon to face within this year is not whether or not there are too many condo units in the market, but why aren't there enough small-sized and affordable units for the young middle class and expats.So, 2016 is the year for many to re-examine demand, which isn't a bad thing at all as that's how a market learns to mature. Despite Phnom Penh's new challenge, the nearly uncharted waters of other provinces are still fresh. 2016 is also the year we might hear major success stories from other fast-growing cities - Sihanoukville, to name the most potential one.โ€ย  ย  VA Vireak, chairman of Century 21 Fortune Investment:โ€œCambodiaโ€™s property market in 2016 is very challenging and itโ€™s very hard to predict about its future for this year and beyond.On one side, there are some challenges with increased supply (houses, condos, apartments, offices, โ€ฆ), and the possibility of global economy impacts (mainly from China and the region), the interest rate and bank loan policy (which may be changed), the exchange rate from US Dollars to other currencies (the strong US Dollar), etc.On the other side, Cambodiaโ€™s economy can maintain the growth of around 6.9% till 2018, the population growth rate in the urban areas as well, and the AEC (ASEAN Economic Community) integration.Economic growth means more income to the country and to the people as well, therefore the GDP per capita will be increase, so people can have more money to buy the property - of course if there is not too much inflation. Population growth in the city triggers the demand for the housing, as most developments are based in cities only. The AEC integration will bring more skilled workers and specialist, so this new labour pool can help to boost the demand, especially for the condo, apartment and office space.All these factors can help to balance on the real estate market.โ€ ย  Van Chanthorn (John), managing director of TownCity Real Estate:โ€œThe property market in Cambodia will be better than in the previous years for the following reasons.The ASEAN Integration will bring more expatriates to Cambodia. When expatriates come, whether tourists, investors, employees, students, workers or interns, the first thing that they need is accommodation, a place for business, an office, or hotel for a temporary stay. So when they come, it is not only a direct benefit to Cambodia but indirect as well. Cambodians can earn more money and will have the purchasing power to buy other products. When this happens, finally the locals will have enough money to invest in property.Cambodian Returnees who have stayed abroad for a long time have now graduated in their adopted countries and look to Cambodia with new, innovative ways of doing business. When the new businesses enter the market, the properties and offices are their first requirement. These returnees and expats will also seek a higher standard of living, meaning condo demand should pick up also.Bank policy is also changing, and this will boost the lower income real estate market. For the previous 5 years, the banking sector has increased year by year, and still more banks will come. As more competitors come, the policies of the banks are becoming more and more accommodating to Cambodian investors and young couples seeking their first home loan. More appropriate loan policies will drive up demand for low to middle range flats and villas across the market.Government Policy to encourage international and local Investors will also develop in 2016. When the government implements new policies to encourage the private sector, more businesses will come - and when businesses come, people have jobs, better salaries and a higher standard of living. Thus, there will be greater demand for property investment and homes for stay as well. In particular, the real estate sector is monitoring the government's plans to expand the city, and develop infrastructure in suburban areas." ย  Sharon Liew, ceo of Huttons CPL:โ€œ2016 will be a very challenging year for the property market in Cambodia. With owners and investors spoilt for choices for condominium and the country's upcoming elections, buyers are getting more cautious on their purchase. Personally, I feel this is a better start as cautiousness leads to more informed buyers, and this also helps to prevent the exploitation of over-promising developers. The market has upgraded more to commercial properties as is the current trend, and this is another challenge for local buyers needing to absorb the commercial investment value which is rather new in this market. Overall, through experience, I always believe that "Prime property will hold it's value" and "the Early & well-informed bird always catches the worm".โ€ ย  Chee Yap, project director at Grand Phnom Penh International City:โ€œCurrently, there are so many unknown factors within the country, and both regional and global issues.First of all, I suggest the โ€œactualโ€ absorption and digestion of exponential land price growth in 2015 will be something very interesting to watch in 2016.Meanwhile, various factors will exert pressures on the local real estate market, in uncertain ways: such as minimum wages rising to USD 160 per month; local undercurrent political issues; Cambodians adjusting to improving regulations ( i.e. Traffic Law, Tax Law, Forestry Law etc.); the dropping of oil prices below USD 30 per barrel; the appreciation of the USD currency against other major currencies in 2016; and the regional influence of a booming Jakarta and increasing demand in other major regional centers. With these things on the horizon, be prudent and conservative for 2016.Last but not least, Grand Phnom Penhโ€™s Fantastic Water World Waterpark will be completed in mid-February this year and will be the talk of the town during Khmer New Year.โ€ ย  Ross Wheble, country manager of Knight Frank Cambodia:โ€œWith signs of softening in certain sectors, some developers are diversifying. Whilst the supply of retail and office space will approximately double by 2018, the supply of condominiums will increase by more than six-fold. This has led to a recent slowdown in sales rates of condominiums and developers are looking at alternative asset types to appeal to investors.TC Royal Asset Manor was one of the pioneers in this area with the launch of stratified office units in their TK Royal One development. This has been followed by a raft of new stratified office developments as developers seek to diversify away from the condominium sector and we expect this trend to continue into 2016.Equally, with more funds being allocated to infrastructure improvements, we are seeing increasing investment in the industrial sector as multinational companies assess the benefits of setting up operation in Cambodia, particularly along the border with Thailand. We also expect to see growing demand for agricultural land as foreign companies seek to take advantage of a more mechanised approach to farming, providing higher crop yields and better returns than the more traditional methods currently used in Cambodia.โ€ ย  Alex Evengroen, general manager of Khmer Real Estate:โ€œMy forecast for the property market in 2016 is that there will be a large shift from buying properties to investing in land.Cambodia became part of ASEAN and this means that the country will be flooded with highly skilled and hungry Real Estate professionals and investors with a lot of inside knowledge.ย The M2 price keeps going up and so it is inevitable that at one point people start to look at other and more creative optionsโ€ฆ.This is in my opinion land. There will also be a change in demographics regarding the land market. More will look for (low priced) land in the other provinces like Kep, Kampot, Sihanoukville and others closer to the borders.ย One of the issues I expect is the oversupply of mostly condominiums which will at a certain point lower the prices and will have an effect on the investments people make to buy these properties. ย If this is not well monitored and guided many people could get into financial difficulties.ย One very important positive change that I see will be the unification of the official Real Estate companies under the scepter of the CVEA. This will result in a better understanding and sharing of upcoming and expected changes and needs within the Real Estate industry, and will also eventually eliminate the people who do Real Estate on the side without the proper papers or required knowledge.ย We do have to understand that we have to work hard and smart to keep going in the right direction, the direction that will benefit the people of Cambodia and safeguard their investments in the industry. This also means that it is important to keep communicating frequently and act on decisions made to reach the required upgrades.โ€ ย  David Kim, ceo at Informax Property:โ€œThe core sector of new developments will shift from pure residential toward mixed commercial and residential developments in 2016, a trend we are already beginning to see.Due to new residential shifts during 2014 and 2015 to the suburbs of Phnom Penh, these areas now need commercial facilities such as shopping centers, hospitals, offices and schools.Expect to see a rush from mainland China. While Singaporean and Taiwanese developers were the main developers for 2015, now mainland Chinese developers with large capital are starting to launch projects in Cambodia. When they start promoting these projects in China, more and more Chinese investors will consider investments in Cambodia.Industrial development along the borders of Cambodia will enjoy the benefits of the AEC. Cambodia has a good business environment for regional expansions such as low tax, low labor cost, freehold property, and prime logistical connectivity to other member countries of the AEC. When the AEC goes through, the biggest handicap of Cambodia - namely itโ€™s small domestic market - will not be handicap anymore.These 3 issues will be main things to watch in Cambodia's real estate market in 2016.โ€ ย  Kim Heang, president of the CVEA:โ€œI name the Year 2016 as โ€œthe Year of Condo Constructionโ€ as you can see the construction of Condos across the City, especially in Khan Chamkarmon, Daun Penh, 7 Makara and Khan Toul Kork.There will be around 18 000 to 20 000 Units of Condo by 2018, this amount is too much for the local market but it is still a small amount for the ASEAN Market. Developers need to find out their own market or create their own market for their product. Also, the Cambodian Government needs to attract more investors to help the Condo industry.The land price has increased too much in 2013, 2014 and 2015 - so the price in 2016 will not increase too much. It should be just 5 to 10% for land in down town, and still around 20% for land outside the city.Boreys for the Middle Class and High End clientele have reached their limits, so it is better for the developers to focus on the lower income and new family markets, especially for the flat house at around 30 to 45K - instead of flat houses at 80 to 100K for the middle class, or 200 to 300K for the high end client.Warehouses need to be moved from downtown as the price keep increasing for their land. The savvy warehouse owner needs to sell their land for big money and shift their business elsewhere!Serviced Apartments in prime locations such as BKK1 and nearby areas are doing good business. However, lower standard apartments will disappear and be replaced by higher end apartments.There will be investors coming to buy factories in Cambodia as we have great advantages for industry. In particular, no tax to the EU, USA and other Asian countries, and low labor costs. However, there are too many demonstrations in the industrial industries recently - thus, the Government needs to take the action and find a solution to the issues of workers.โ€ ย  Desmond Yap, general manager of Yong Yap Properties:"Cambodia will continue to be an investment hotspot - especially with its continual integration into ASEAN and the government enforcing laws to ensure a cleaner business environment." ย  ย  ย  ย  ย  ย  ย  Check out a 2015 info-graphic review from Realestate.com.kh here...
Embassy Central changes the Phnom Penh design landscape
Embassy Central changes the Phnom Penh design landscape
June 6, 2022, 5:04 p.m.
Realestate News
On the heels of its first housing development success โ€“ Embassy Residences, which has sold 90 per cent of its units โ€“ local developer Urbanland is wasting no time in establishing its second project, Embassy Central. Being at the pulse of Boeung Keng Kang 1, and within strolling distance of renowned restaurants like Topaz Restaurant, Malis Restaurant, and Eric Kayser Bakery, with retail stores along the nearby Preah Sihanouk Boulevard such as Charles & Keith, Pedro, and Mango, and more cafรฉs and bars interspersed around, there is no area more bustling and convenient than where Embassy Central is located. Thriving hub aside, Embassy Central itself is a building to behold; its discreet brilliance is reflected through its minimalistic and sleekly structured design. Only 25 storeys tall and 119-unit strong, Embassy Central holds its own in dedicating its composition to the importance of an urban lifestyle that is in sync with modernity, yet maintaining a green lifestyle with its outdoor landscape features. Check out the full Embassy Central listing today on Realestate.com.kh! With only 119 units, Embassy Central has a more private and intimate feel, with four sky gardens in different parts of the building that residents can fully utilise to their liking. These open spaces provide a tranquil respite from the hustling bustle of the city; spaces where you can exercise or do yoga amidst the rising or setting sun, sit and read a book by the trees, or simply bask in the crispness of the air. Besides its multiple sky gardens, another distinctive feature of Embassy Central is its vertical green wall garden that runs through the building from the 4th floor to the 25th, with the main purpose of brightening up usually enclosed hallways with natural sunlight. The condominiumโ€™s swimming pool is surrounded by lush greenery, as it is on the same floor where the vertical garden begins. The impressive architecture of this condominium comes from the same masterminds behind Cambodiaโ€™s most popular coffee chain โ€“ Brown Coffee. The same attention to detail, quirky steeled structures, and top-notch finishing seen in all Brown Coffee outlets across Phnom Penh are mirrored in Embassy Centralโ€™s building and showroom. Hok Kang Architects, who wholly designed Embassy Residences and Embassy Central, and are also the people behind Urbanland and Brown Coffee, aptly sums it up: โ€œEmbassy Central is a very special project for us. We want to design a building that responds to a hot tropical climate such as Cambodia. Vertically designed elements and oversized balconies help to shade the building from the harsh tropical sun. The building is punctuated by pockets of green gardens, giving it a more iconic architecture, and also its residents a more liveable space that is close to nature. Upon its completion, Embassy Central will be the emblem of contemporary urban living at its finest in the heart of BKK1.โ€ Urbanland and Hok Kang Architects comprise a small but diverse team, and being local adds value and trust among Cambodians โ€“ that a relatively small developer is able to bring to the Kingdom international standards of ideas, design, and product. Urbanland is committed to investing in its home country, and seeing it thrive as an urban cosmopolis. The company prides itself on catering as much as they can to their niche clienteleโ€™s needs, offering interior design services or suggestions that will complement the overall flow of the building unitsโ€™ designs. Embassy Centralโ€™s showroom is fitted with high-end furnishings, with cleverly streamlined storage spaces and enclosed air-conditioning, while everything that is attached to the walls such as the lights, cupboards, console table, and appliances come together with the unit. Singapore investment firm, Terrasia Capital Investment, has said that the quality of interior fittings and finishes is a game-changer that sets a very high benchmark for other developers to follow. In Urbanlandโ€™s Marketing Manager, Victor Huotโ€™s words, โ€œwhat you see and feel in our showroom will be the same experience you will get when you walk into your Embassy Central home.โ€ โ€œThe most prestigious address in Phnom Penh, crafted with design and high-quality materials, Embassy Central is a gem of investment that will only increase in value over time,โ€ Terrasia Capital Investment concluded. Check out the full Embassy Central listing today on Realestate.com.kh!
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CVEA urge the government legislate property transactions in order control land price fluctuations
CVEA urge the government legislate property transactions in order control land price fluctuations
June 6, 2022, 5:06 p.m.
Realestate News
Phnom Penh: ย Mr. Kim Heang, president of the Cambodian Valuers and Estate Agents Association (CVEA), has urged the government to regulate property transactions in the upcoming Management Law and educate private property sellers as a means to control market price fluctuations running out of control in 2016.ย The initiative would mimic the US model in theory, making all property sellers bound to use a registered real estate company in order to sell their property. The proposal is intended to control the unfounded price hikes throughout the local market, and ultimately stem speculative fluctuations in aggregate market prices. More accurate property valuationsย would lead to a more sustainable market place, and grant local and international investors greater confidence to buy in. โ€œNowadays the property owner can easily make their own 'House for Sale or Land for Sale' sign,โ€ says Heang. โ€œGenerally, when a private seller attempts to sell their own property, however, the price they seek in 30 to 50 per cent higher than market value.โ€ This makes it very difficult to buy and sell, Mr. Kim Hang added, and creates unfounded speculation in the market. Hence, the CVEA is calling the Government to educate the market to these problems before they create the new Management Law. Mr. Kim Heangโ€™s solution to these speculative bubbles from private sellers is to regulate that โ€œall property owners should sell their property via the consultation of a registered real estate agency.โ€ This will allow selling prices to better match the market price. And in doing so, will ultimately control real estate prices running out of control, and make the market more stable and sustainable, suggests Heang. Heang also added that โ€œin many other developed economies, the real estate market management law demands the owner sell their property via an expert real estate company for this reason.โ€ Mr. Bo Eavkong, general manager of the Asia Real Estate company, said that real estate companies currently have no right to force the property owner to consult with a real estate company when deciding their property value. "The first step is the Government educating people and urging the property owner to seek guidance from real estate professionals and trained valuers. Gradually, then the real estate sector will strengthen in terms of professional ethics." He added that, โ€œif they want to sell their property for a reasonable price and sell it, they only need to spend 160$ for the fee of the expert real estate valuation. Meanwhile, selling over the market price is much more difficult, stalling the market,โ€ says Bo. Mr. Khom Monyroth, consultant manager of Daily Realty Group, has agreed with what Mr. Bo Eavkong said, adding that education is a good start. โ€œEven if the property owner studied the real estate prices of 4 or 5 other similar properties in the same area, they will automatically have a better understanding of the price at which their property will most likely sell for.โ€ He also said that any โ€œannouncement or education wonโ€™t take effect immediately. Still, serious real estate investors must contact real estate agents if they want to succeed in the market. If you consult with a real estate company, you will understand that it is impossible to sell your property too much over the market price.โ€ Stay tuned toย realestate.com.kh newsย for more on this topic as the situation develops. Learn more about property registration,ย Cambodian land titles,ย strata title transfersย andforeign ownership regulationย on Realestate.com.kh today!
Dโ€™Seaview brings a unique quality in design to the Cambodian property market.
Dโ€™Seaview brings a unique quality in design to the Cambodian property market.
June 6, 2022, 5:04 p.m.
Realestate News
Last Saturdayโ€™s official Dโ€™Seaview groundbreaking ceremony was a great success, with over 200 honorable guests assembling at the construction site to celebrate the physical launch of Phase 1 of the project. The event was presided over by H.E. Yun Min, Governor of Sihanoukville province, and following the groundbreaking ceremony, a complimentary lunch was provided for all satisfied guests at the Sokha Hotel and Resort, Sihanoukville.ย Check out the full D'Seaview listing information onย Realestate.com.kh.ย Already, a host of eager buyers are proud to gain the status of first movers for this momentous development.ย In the first phase of sales and booking, already over 80 percent of the 300 units in phase 1 have been successfully subscribed by both local and international buyers at price per square meter ranging from $1750 to $2200* *(updated October 2016).ย As stated by Dr. Wang Kai Yuen, Chairman/Non-Executive Independent Director at the Dโ€™Seaview Condominium Ground Breaking Ceremony on Saturday, โ€œAfter the launch of Camhomeโ€™s unique queue system in September 2015, we have received more than 1,000 clients interested in this development and our upcoming developments. I believe more are coming, as Sihanoukville is one of the promising provinces in Cambodia, especially during the ASEAN Integration.โ€ย Nevertheless, as sales continue to expand, premier sea facing units and commercial opportunities are still available to buyers in the Dโ€™Seaview complex. But, those interested in these prime positions are urged to secure these units before they sell out! Further, a special โ€œsure-to-win instant lucky dipโ€ is being offered throughout the month of January to award attractive prizes for new buyers who purchase a Dโ€™Seaview unit at exclusive, off-plan prices.ย โ€œHaving accumulated more than 25 years of experiences in the design, construction and management of property developments in Singapore since 1988, Dโ€™Seaview will incorporate the latest in construction methods and modern building management concepts from Singapore,โ€ said Dr. Wang Kai Yuen at the groundbreaking.ย The guaranteed quality of the D'Seaview project pays tribute to HLH groupโ€™s experience in the field of creating premium residential developments.ย 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.ย The design of Dโ€™Seaview likewise harks to the developerโ€™s unique understanding of what creates an attractive and highly livable residential development, while concurrently paying tribute to the unique environment of Cambodiaโ€™s lush coastline.ย Naturally lighted and ventilated corridors, via cross ventilation, ensure a high level of comfort in all common areas within Dโ€™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.ย Residential units will enjoy unrestricted sea views through design thanks to Dโ€™Seaviewโ€™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.ย Further, the complex will bring a level of convenience previously unknown to residential developments of Sihanoukville. Commercial lots will house a bank, childcare facilities, a hotel, restaurants, food court and mini market, all within easy reach of residents.ย Realise your housing and commercial dreams now; and visit Camhomesโ€™ Dโ€™Seaview showroom at Canadia Towers and talk to their property consultants.Check out the full D'Seaview listing information onย Realestate.com.kh.
The Gateway: from Renowned Singaporean Developer
The Gateway: from Renowned Singaporean Developer
June 6, 2022, 5:05 p.m.
Realestate News
TA Corporation Ltd. is an established property and construction group with a track record ofย over 40 years' experience in the Singapore construction industry, and over 15 years' experienceย in real estate investment and development. As an integrated business group, TA Corporation isย also involved in the provision of workersโ€™ training and accommodation as well as the distributionย of lubricants and commercial vehicles, tyres and spare parts. At the dawn of 2016, the companyย is slated to launch its first mixed-use real estate Cambodian project: The Gateway. [TAย Corporation had earlier developed and completed a [21 units] residential project Serene Villa inย Cambodia under a joint venture with a local Cambodian partner.] TA Corporation first entered the real estate development business in Singapore in 1995, backedย by their unique competencies in the construction business. Since, TA Corporation has gained aย strong reputation as a developer of quality residential developments, targeting the middle toย upper middle income markets. Over the years, TA Corporation has built up a sound reputation as a reliable building contractor. Most of TA Corporationโ€™s customers are established names, including government bodies andย major real estate developers in Singapore and abroad. TA Corporationโ€™s major constructionย subsidiary company, Tiong Aik Construction Pte Ltd, holds the highest BCA grading inย Singapore (A1) for general building work, sufficient to undertake public sector constructionย projects with unlimited contract value. Cementing this success, TA Corporation was listed on the Singapore Exchange Securitiesย Trading Limited (โ€œSGX-STโ€) on 21st November 2011. Recognising the size constraints in Singaporeโ€™s market, TA Corp has expanded its propertyย development business overseas to China, Cambodia and Thailand, with a host of successfulย projects across these markets.[TA only did one project in China] As a regional developer, TA Corp believes that the Cambodiaโ€™s property market currentlyย exhibits the right fundamentals for real estate investments, which include (i) robust GDP growthย levels averaging above 7% that is enabling the sustainable growth of its commercial sector; (ii)ย the rising affluence of Cambodiaโ€™s young middle-class workforce translating into strong demandย for quality residences; and (iii) a stable socio-political environment and openness by localย authorities towards foreign investments. With these growth drivers in place, the TA Corporationโ€™s latest development is strategicallyย located in Phnom Penh. Call The Gateway, the development comprises a 36-storey officeย tower with 299 strata-titled office units, a 39-storey residential block with 572 units, and a twoย storey retail plaza/podium with prime retail outlets. The Gateway will be located along theย Confederation de la Russie or โ€œRussian Boulevardโ€, a main thoroughfare between centralย Phnom Penh and the airport. TA Corporation has been in the Cambodian market for over a decade, and has witnessedย firsthand the significant socio-economic progress the country has made. The strong potential inย the countryโ€™s development and โ€˜The Gatewayโ€™ project represents the company's long-termย commitment to Cambodia, as well as their keen interest to forge and advance collaborativeย partnerships with the local business community.ย  Stay tuned for more information on the Gateway project and the launch of local sales. Check outย the full listing information today onย realestate.com.kh and register for early bird specials.
Mortgage Matters: How to pay back your loan faster in 2016
Mortgage Matters: How to pay back your loan faster in 2016
June 6, 2022, 5:05 p.m.
Realestate News
2016 has now arrived, and as the New Year comes you might be turning your attention to your long-ignored mortgage.ย  Although no one likes to think about their mortgage repayments, you need to analyze it regularly if you want to find ways to make your repayments more effective and move yourself closer to financial independence. Missed Mortgage Matters Part 1 or Part 2? Read them first!With that in mind, bring in the New Year with these 5 handy ideas from realestate.com.kh to speed up your loan repayments, and work towards a financially free future!1. Donโ€™t automatically decrease your repayments just because the interest rates falls: For many loaners, as soon as bank fees and interest rates decrease, and minimum repayments are lowered accordingly, this immediately means a happy camper - with more money in the pocket and less for the bank. However, this is short sighted. Instead of pocketing the cash, if you keep your repayments at the same level when the interest rates are falling - because this is a prime opportunity to reduce your principle with each payment and make faster progress satisfying your total loan in the longer-term. As opposed to seeing it as a time to relax your repayments โ€“ this year you should see it as an opportunity to get ahead of the bank and pay back your principle faster. 2. Test out an โ€œOffset Accountโ€: If it is possible for your loan, try using an offset account. A mortgage offset account is directly connected to your mortgage and the payable interest on your mortgage month to month will be calculated by deducting what funds exist in your offset account againstย your loan. To clarify, hereโ€™s an example: if your total mortgage is $200,000 and your offset account currently has $5,000 in it, you will only pay interest on the remaining $195,000. An offset account allows you to save interest while still allowing access to your savings if needed. For investors, offset accounts are also useful for the preservation of mortgage tax deductible benefits. 3. Refinance and get a better run for your money: Maybe you have worked out that your current mortgage is not suitable to your needs and financial circumstances now that 2016 has dawned. If this is the case, you need to change your loan quickly before it seriously hurts you. If you are not sure your current mortgage is right for you, it is best to consult a professional finance broker before it is too late. A well-attuned broker will negotiate with your lender about fees for additional repayments, refinancing, or any other necessary measures to help you save on your loan. A good broker should identify the perfect terms for you and then negotiate the best rates for that plan. Get in touch with Cambodiaโ€™s leading lenders today!4. Make smaller mortgage repayments, more regularly: If you make more payments, naturally these payments will be smaller. But more regular payments, even if they are smaller, will mean ultimately you can pay off your loan faster because you will lessen your interest repayments in the long term. If you currently repay your mortgage on a monthly basis, try changing to fortnightly loan repayments. Now, your monthly mortgage repayments might equal $2000 per month, for example. If you can instead pay $1000 every two weeks, by the end of 2016 you would have made significant savings on your interest costs, and will be a little bit closer to satisfying your overall loan repayment. 5. Take measures to pay back a little bit more each time: Remember, your โ€œminimum repaymentโ€ is exactly that: it is the least possible amount you need to repay each month. So, for most mortgages there in nothing stopping you from paying more than the minimum necessary payment. And it doesnโ€™t matter if you pay extra regularly, just when you can afford to now and again is still worthwhile.ย Even a little bit here and there can add up and eventually reduce your mortgage. When you receive bonuses, tax returns or other monetary gifts you should seriously consider putting this expendable income into your mortgage repayments before it disappears into thin air. Read more about home loansย on realestate.com.kh today. Missed Mortgage Matters Part 1 or Part 2? Read them first!
CBRE's latest Condo Report sees 435% increase
CBRE's latest Condo Report sees 435% increase
June 6, 2022, 5:06 p.m.
Realestate News
CBREโ€™s third quarter 2015 Condominium Report, currently unreleased, details eight new projects that have been officiallyย launched in Q3 2015, compared to four in Q2, according to recent reports from the Post Property.ย Ultimately, this equals an additional supply of 10,000 condo units, which demonstrates a 435 per cent increase since the preceding quarter.The report states that "as of 2018, the number of condominium units in Phnom Penh would increase to almost 20,000 units, an increase of 915 per cent compared to the number in 2015." The report follows on to say that 1/3ย of these units would reflectย high-end properties, and approximately 1/2ย areย mid-range quality.ย  The report states that average condo prices per square meter for mass-market are $1,500psm, mid-range sits at $2,250psm; and high-end units are averageย $2,900psm. Learn more about the strata title process for condo purchaseย here. The report also says thatย โ€œroughly 40 per cent of condominium owners are Cambodianโ€. Yet the report suggests that the vast majority ofย Cambodian buyers hope to โ€œspeculate or rent outโ€, rather than to live inย the finished condoย units. Learn more about Cambodian land titles, strata title transfers and foreign ownership regulation on Realestate.com.kh today!
Don't miss the Global Alumni Convention (GAC) 2016
Don't miss the Global Alumni Convention (GAC) 2016
June 6, 2022, 5:06 p.m.
Realestate News
Realestate.com.kh is proud to sponsor and support the Global Alumni Convention (GAC) 2016.The Global Alumni Convention (GAC) is organized by IDP Education to bring together graduates from Cambodia, Australia, the USA, Canada, the United Kingdom, New Zealand, France, Russia, Korea, Japan, China, Malaysia, Singapore and other countries and give them a forum to meet, share ideas and network with experts, decision makers and leaders from governments, the private sector, and civil society for education, trade and investment opportunities.AIMS OF THE CONVENTION: The convention is designed around the themes of reconnecting with learning, knowledge-sharing, and being inspired to fulfil education, professional, and business potential. Organizers anticipate attendance by more than 500 alumni, professionals, experts and leaders from the public and private sector. The objectives of the GAC 2016:To learn about the pathways and successes that alumni from these countries have achieved.To showcase world class education systems and opportunities.To gain insights into Cambodiaโ€™s position in the world.To enhance friendship and cooperation within Cambodia and internationally.Who will attend the convention? The Global Alumni Convention is a high-profile event with 500 anticipated attendees being: Graduates from around the globe.Leaders from Governments and Embassies.Directors, CEOs and Senior Executives from business and civil society.Professionals, specialists, and experts from diverse industries.Cambodians and non-Cambodians.When and where will the convention be held? On the evening of Friday 29 and all day on 30 January 2016 at InterContinental Phnom Penh, Cambodia. Convention Format: The format of the panel discussions will be four panellists plus a moderator with an interactive Q+A. The convention will be in two parts โ€“ the Business & Education Networking Reception on the evening of 29ย  Januaryย  2016ย  coupledย  withย  theย  Mainย  Conventionย  onย  30ย  Januaryย  2016ย  andย  concludingย  withย  the Conventionย  Cocktailย  Reception. Theย  Businessย  &ย  Educationย  Networkingย  Receptionย  willย  beย  aย  networking dinnerย  withย  leadersย  fromย  theย  government,ย  embassies,ย  theย  privateย  sectorย  andย  civilย  society. Theย  Main Conventionย  willย  consistย  ofย  aย  seriesย  ofย  moderatedย  panelย  discussionsย  withย  topicsย  beingย  onย  Cambodia-relatedย  issuesย  andย  willย  beย  givenย  byย  leading ย figuresย  fromย  theย  businessย  community,ย  theย  publicย  sector, relevant industry figures and alumni themselves. GAC ย VIPs: GAC 2016 will be honoured with a welcome address by HE Sun Chanthol, Senior Minister and Minister of Commerce on the evening of the 29th, and the official opening address by HE Dr Hang Chuon ย Naron, Minister of Education Youth and Sport in the morning of the 30th January, 2016. REGISTRATION FEES: Early Registration โ€“ 01 Oct โ€“ 30 Nov 2015 (US$ 70)Standard Registration โ€“ 01 โ€“ 30 Dec 2015 (US$ 80)Late Registration โ€“ 01 โ€“ 28 Jan 2016 (US$ 90)Walk-in Registration โ€“ 29 โ€“ 30 Jan 2016 (US$ 100)To register, please go to www.cambodiaGA.org ย ;ย For more information, please contact GAC Secretariat Office at gac@idp.com or 023 222 064.
Online Marketing that PAYS, part 2
Online Marketing that PAYS, part 2
June 6, 2022, 5:05 p.m.
Realestate News
Most peopleโ€™s attention span lasts between 5 and 10 secondsโ€ฆ For those involved in marketing, and especially digital marketing, this means that you need to work extremely efficiently if you want to engage the right customers at the right place and the right time, and share with them a message that they will actually take on board. Don't forget to read part 1 first! Read it here.Because online marketing is our full time job here at Realestate.com.kh, we would like to share a few tips to get the most benefit from your various online marketing channels โ€“ and ultimately, sell and rent more property through the internet. ย Online marketing with your own Website: Your company website is home sweet home, no matter what business you are โ€“ but, remember, your website must reflect your underlying objectives if you want it to be successful.ย Don't forget to read part 1 first! Read it here. Of course, the layout and functionality will be totally different depending on the online marketing objectives. Your website might exist purely for branding purposes, in which case focus on the presentation. But if you intend to sell directly through your website as an ecommerce application, your design must focus on functionality and smoothly facilitating the sale, and after-sale support. Regardless of the intent of your website, it is crucial that it is easy to navigate, and the content is relevant and engaging to visitors. Want to learn how to use LinkedIn for real estate sales? Success metrics are always at hand to advise of the development of your website, whether it be considering generic goals such as overall revenue and conversions - or more specific analysis, for example building offsite referrals from social channels, or considering the best demographic targeting for your website. If you want a bigger audience to visit your website, the sole answer is content. Clear, engaging and consistent content is the only way to grow your website sustainably. Remember that longer term trends and analytics must be well-considered during any development of your website. A website is not like a short term marketing drive. Your website is here to stay for the life of your business. This means any changes you make should consider the present, but always look to the future. Why online marketing can help you test ideas quickly!Online marketing with your Email Database: Business people and individuals can receive hundreds of emails every week. Because of this flow of info, if your email online marketing is stale it will quite-simply fail because those emails will never see the light of day. Nearly all email database marketing has the same objectives: increasing click-through rates to your company websites; and reducing the number of contacts choosing to unsubscribe from your communications. Thus, to improve on returns from email online marketing, make sure you keep a clean and organized database โ€“ this will allow you to build trust with recipients and recognized email addresses. Increase your open rate with inviting email titles, and always test innovation. Throw in new elements such as video, interactive features and try to maintain a personal touch for your database members.ย Don't forget to read part 1 first! Read it here.Alternatively - Let us take care of your digital marketing and send you the sales inquiries. Realestate.com.kh can share itโ€™s huge online audience with you. If you are an agent or developer, there is no easier way to improve your online sales conversions. Find out more today.
Online Marketing that PAYS, part 1
Online Marketing that PAYS, part 1
June 6, 2022, 5:05 p.m.
Realestate News
Most peopleโ€™s attention span lasts between 5 and 10 secondsโ€ฆ For those involved in marketing, and especially digital marketing, this means that you need to work extremely efficiently if you want to engage the right customers at the right place and the right time, and share with them a message that they will actually take on board. Read part 1 already? Read part 2 here!Because online marketing is our full time job here at Realestate.com.kh, we would like to share a few tips to get the most benefit from your various online marketing channels โ€“ and ultimately, sell and rent more property through the internet.Online marketing with your Social Media Channels: No longer are the ultimate goals of social media likes, follows, and shares. Nowadays, social media marketing is a direct source of sales and represents great and highly affordable opportunities for marketers of all kinds. Of course, it is no secret that online companies like Facebook, Twitter, Pinterest and Instagram have developed their services to support company branding and sales. By simple testing, you can soon find our which social channels deliver you the best rate of conversions, click throughs and brand awareness. However, if you are situated in Cambodia, it is a safe bet that Facebook will come out number one - as the majority of the countryโ€™s 3.4 Million strong social media users taking first and foremost to Facebook. Surprisingly, some locals still understand Facebook and the Internet as a conjoined concept.ย Want to learn how to use LinkedIn for real estate sales?Online marketing with Search Engine Optimization (SEO): SEO is the least understood type of online marketing โ€“ but can be the most expensive and, for many online businesses, the most important. Basically, your company website is as useful as it is visited. If nobody can find your website, it is as useful as a 50 foot billboard behind a wall. SEO can be divided by on-page and offsite SEO. On-page relates to developing the navigation of your website so that all content is easily available to visitors. Offsite SEO is like casting a net โ€“ developing your offsite SEO will mean more people searching on leading search engines, such as google.com and its international network of sites, will find your site in their search results, and before they find your competitorsโ€ฆ Be patient when developing your SEO as results will not come overnight. Remember, once again, there is no avoiding the need for content. ย If you want a bigger audience to visit your website, and improve your websiteโ€™s organic SEO, content is key โ€“ now, more than ever. Clear, engaging and consistent content is the key to growing your SEO sustainably. New search algorithms demand that top ranking pages must provide the user with content that engages them, and is unique and well referenced. If your post is about buying real estate in Chamkarmon, for example, it needs to be genuinely useful to your readers if it is ever going to rank well in SEO. The days are over when you can simply load articles with keywords and expect search results. Further, your keyword selection is crucial for a successful SEO strategy. You must clearly target your strategy to bid for the search key words most likely to bring revenue to your business. Donโ€™t waste any time or money trying to win key words that will never convert. Also be wary about your competition. ย If you see that another website has dominated certain key words for a long time, your chances of beating them are much lower, and will require far more effort in regards to content creation. Look for the low hanging fruit first, and the key words that will convert.ย Why online marketing can help you test ideas quickly!Online marketing with Paid Ads: Whether you are considering implementing search, display, or social ads into your online marketing strategy, always pay attention to conversion tracking and testing first and foremost. Otherwise, you are swinging in the dark! By using conversion tracking for paid advertising initiatives, you can immediately gauge which ads and keywords bring revenue with the highest return on your investment. Test and optimize all elements of the campaign until your success metrics start to show growth. The same rule applies whether you are interested in branding or conversions. Keep in mind; you will incur additional creative costs during this process if you want to do it right. It is important that you ensure your content and other visual media is in line with your audience, marketing strategy, and company image. Enjoyed the post so far?? Read part 2 here!Alternatively - Let us take care of your digital marketing and send you the sales inquiries. Realestate.com.kh can share itโ€™s huge online audience with you. If you are an agent or developer, there is no easier way to improve your online sales conversions. Find out more today.
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.
The Bay To Begin Construction In First Quarter Of 2016
The Bay To Begin Construction In First Quarter Of 2016
June 6, 2022, 5:05 p.m.
Realestate News
After a tumultuous year in Cambodia for Singapore-based TEHO International, the developers of the $500 million The Bay condominium project on Chroy Changvar peninsula said construction will begin early next year with a new marketing strategy after another managerial shakeup.ย Want to inquire aboutย a unit in the Bay? Check out the full listing today, on realestate.com.kh.ย  Announced on the Singapore Stock Exchange earlier this week, ECG (Cambodia) was bought out and formalized into the parent company ECG Propertyโ€”a wholly owned subsidiary of TEHO International that handles all marketing and promotional activities. Previously operated by the joint ventureโ€™s partner, Sok Bun, ECG Cambodia was purchased to a tune of $71,776, or what amounted to 45 per cent of the initial paid-up share capital. Currently, the unaudited net assets for ECG Cambodia as of July 2015 amounted to $169,836, the statement read. While ECG Cambodia will still perform its duties as the acting real estate agency for The Bay, all marketing and promotional activities will be conducted at the head office back in Singapore. Phua Cheng Boon, Financial Controller for TEHO International, said, โ€œit is good to have full integration of our projects.โ€ โ€œWe will have somebody based in Singapore who will be able to run operations regionally as well,โ€ he said.ย Want to inquire aboutย a unit in the Bay? Check out the full listing today, on realestate.com.kh.ย  It was previously reported by The Post that 100 condominium units had been sold since the soft launch in September. However, Phua declined to provide current figures. โ€œWhile we canโ€™t disclose the level of sales, we are confident to say that construction will begin in the first quarter of 2016,โ€ he said. With a new marketing strategy, he added, the development โ€œwill not be about big exposure.โ€ TEHO International, which formally launched the project in February of this year, had spent $1.1 million on advertising and promotional activities, as well as around $600,000 in legal and professional expenses to promote the development, an annual filing in August stated. While Sok Bun, who resigned from his position as director of the board, currently awaits trial for the beating of a former TV star, his shoes has since been filled by Yim Chhay Line, the daughter of Deputy Prime Minister Yim Chhay Ly. โ€œShe is a good asset to the group and I am confident that all the necessary requirements for construction have been achieved,โ€ said Phua. Kim Heang, CEO of Khmer Real Estate, said that a marketing shift to overseas investors is the โ€œsmartestโ€ market strategy for The Bay, as it faces more competition and is also behind schedule. When asked if The Bay would miss out on the local segment, Heang explained that it is too small, โ€œso why [do] they need to waste time and money [on] the local segment?โ€ With a few soft approaches to buyers in Japan, Hong Kong and Taiwan recently, Phua said sales โ€œhave picked up.โ€ โ€œWe are doing this gradually because The Bay is a rather large project. We are going to all these different countries to do soft launches to get sufficient buying. We want to position [ourselves] as [a] more exclusive development,โ€ he said. Want to inquire aboutย a unit in the Bay? Check out the full listing today, on realestate.com.kh.ย  Kali Kotoski, Phnom Penh Post, Post Property.
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.
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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  แž“แžทแž„แž†แŸ’แž“แžถแŸ†แž”แž“แŸ’แžแž”แž“แŸ’แž‘แžถแž”แŸ‹แŸ”แžแžพแžขแŸ’แž“แž€แž“แžนแž„แž‘แž‘แžฝแž›แž”แžถแž“แžขแŸ’แžœแžธแžแŸ’แž›แŸ‡แž“แŸ…แž€แŸ’แž“แžปแž„แž™แžผแž“แžธแžแžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“?แž“แŸ…แž–แŸแž›แžขแŸ’แž“แž€แž…แžถแž”แŸ‹แž•แŸ’แžแžพแž˜แž‚แžทแžแž–แžธแžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž‡แžฝแž› แžฌแž‘แžทแž‰ แžขแŸ’แž“แž€แž‚แžฝแžšแžšแŸ†แž–แžนแž„แžแžถแžœแžถแž“แžนแž„ แž˜แžถแž“แž€แžถแžšแžแžปแž”แžแŸ‚แž„แž•แŸ’แž“แŸ‚แž€แžแžถแž„แž€แŸ’แž“แžปแž„แž”แŸ‚แž”แž”แžŸแŸ’แž…แžทแž˜แž”แŸ’แžšแž‘แŸแžŸ แž˜แžถแž“แž–แž“แŸ’แž›แžบแž…แŸแž‰แž…แžผแž›แž‚แŸ’แžšแž”แŸ‹แž‚แŸ’แžšแžถแž“แŸ‹ แž˜แžถแž“แž”แž„แŸ’แžขแžฝแž… แž˜แžถแž“แž‘แŸแžŸแž—แžถแž–แžŸแŸ’แžขแžถแž แž•แŸ’แž‘แŸ‡แž”แžถแž™แž˜แžถแž“แž”แŸ†แž–แžถแž€แŸ‹แžŠแŸ„แž™แž”แžšแžทแž€แŸ’แžแžถแžšแž‡แžถแž˜แžฝแž™แž˜แžปแžแž„แžถแžšแž–แŸแž‰แž›แŸแž‰ แžšแžถแž”แŸ‹แž”แž‰แŸ’แž…แžผแž›แž‘แžถแŸ†แž„แž…แž„แŸ’แž€แŸ’แžšแžถแž“แž…แŸ†แž แžปแž™ แž”แž“แŸ’แž‘แž”แŸ‹แž‘แžนแž€แžŸแŸ’แžขแžถแž แž‘แŸ†แž“แžพแž” แž˜แžถแž“แž€แž“แŸ’แž›แŸ‚แž„แž•แŸ’แž‘แžปแž€แžฅแžœแŸ‰แžถแž“แŸ‹ แž“แžทแž„แž‘แžผแžŠแžถแž€แŸ‹แžŸแŸ†แž›แŸ€แž€แž”แŸ†แž–แžถแž€แŸ‹แž‡แžถแžŠแžพแž˜ แŸ”แž›แŸ”แžแžพแžขแŸ’แž“แž€แž“แžนแž„แž‘แž‘แžฝแž›แž”แžถแž“แžขแŸ’แžœแžธแžแŸ’แž›แŸ‡แž“แŸ…แž€แŸ’แž“แžปแž„แžขแž‚แžถแžšแžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“?แžขแž‚แžถแžšแžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แž‡แžถแž‘แžผแž‘แŸ…แž“แžนแž„แž˜แžถแž“แž”แŸ†แž–แžถแž€แŸ‹แž‡แžŽแŸ’แžแžพแžšแž™แž“แŸ’แž แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžŸแž“แŸ’แžแžทแžŸแžปแž (แžšแžฝแž˜แž‘แžถแŸ†แž„แž€แžถแžšแž€แžถแžšแž–แžถแžš แŸขแŸค แž˜แŸ‰แŸ„แž„ แž€แžถแžšแž”แŸ†แž–แžถแž€แŸ‹แž€แžถแŸ†แž˜แŸแžšแŸ‰แžถแžŸแžปแžœแžแŸ’แžแžทแž—แžถแž– แž“แžทแž„แž”แŸ’แžšแž–แŸแž“แŸ’แž’แž€แžถแžšแž–แžถแžšแžขแž‚แŸ’แž‚แžธแž—แŸแž™) แž€แž“แŸ’แž›แŸ‚แž„แž…แžแžกแžถแž“ แž“แžทแž„แž˜แŸ‰แžผแžแžผแž’แŸ†แž‘แžผแž›แžถแž™ แž€แž“แŸ’แž›แŸ‚แž„แž แžถแžแŸ‹แž”แŸ’แžšแžถแžŽ แžŠแŸ‚แž›แž”แŸ†แž–แžถแž€แŸ‹แžŠแŸ„แž™แž‚แŸ’แžšแžฟแž„แž”แžšแžทแž€แŸ’แžแžถแžšแž‘แŸ†แž“แžพแž” แž“แžทแž„แžขแžถแž„แž แŸ‚แž›แž‘แžนแž€แŸ” แž“แŸ…แž–แŸแž›แžขแŸ’แž“แž€แžšแžŸแŸ‹แž“แŸ…แž€แŸ’แž“แžปแž„แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“ แžขแŸ’แž“แž€แž“แžนแž„แž˜แžทแž“แž–แžทแž”แžถแž€แž€แŸ’แž“แžปแž„แž€แžถแžšแž‡แž‡แŸ‚แž€แžŠแŸแž‰แžŠแŸ„แž›แž‡แžถแž˜แžฝแž™แž˜แŸ’แž…แžถแžŸแŸ‹แžขแž‚แžถแžšแž“แŸ„แŸ‡แž‘แŸ แž–แžถแž€แŸ‹แž–แŸแž“แŸ’แž’แž“แžนแž„แž€แžถแžšแž”แŸ’แžšแž˜แžผแž›แžแŸ’แž›แŸƒแžˆแŸ’แž“แžฝแž›แž‡แžฝแž› แžŠแŸ‚แž›แž˜แžถแž“แž›แž€แŸ’แžแžŽแŸˆแžœแžทแž‡แŸ’แž‡แžถแž‡แžธแžœแŸˆ แž“แžทแž„แž€แžถแžšแž†แŸ’แž›แžพแž™แžแž”แž†แžถแž”แŸ‹แžšแž แŸแžŸแžŸแž˜แŸ’แžšแžถแž”แŸ‹แžŸแŸ†แžŽแžพแž‡แžฝแž›แž‡แžปแž›แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แŸ” แžแŸ’แžšแžผแžœแž”แŸ’แžšแžถแž€แžŠแžแžถแžขแŸ’แž“แž€แž‘แž‘แžฝแž›แž”แžถแž“แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแžŠแŸแž›แŸ’แžขแž˜แžฝแž™ แžŸแžผแž˜แž˜แžพแž›แž‚แž“แŸ’แž›แžนแŸ‡แž˜แžฝแž™แž…แŸ†แž“แžฝแž“แž“แŸ…แž‘แžธแž“แŸแŸ‡!แž‘แžถแž€แŸ‹แž‘แž„แž“แžนแž„แž…แŸ†แžŽแžปแž…แž‘แžถแŸ†แž„แž“แŸแŸ‡แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แžขแžถแž…แžšแžฝแž˜แž”แž‰แŸ’แž…แžผแž›แž‘แžถแŸ†แž„แžแŸ’แž›แŸƒแžŸแŸแžœแžถแž‚แŸ’แžšแž”แŸ‹แž‚แŸ’แžšแž„แžขแžถแž•แžถแžแž˜แŸแž“ แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžŸแž˜แŸ’แžขแžถแžแž•แŸ’แž‘แŸ‡ แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แž”แŸ„แž€แž‚แž€แŸ‹ แžขแŸŠแžธแž“แž’แžพแžŽแžทแžแž›แŸ’แž”แžฟแž“แž›แžฟแž“ย  แž‘แžผแžšแž‘แžŸแŸ’แžŸแž“แŸแžแŸ’แžŸแŸ‚แž€แžถแž” แž˜แŸ‰แžถแžŸแŸŠแžธแž“แž‘แžนแž€แž€แŸ’แžแŸ… แž‘แžนแž€แžแŸ’แžšแž‡แžถแž€แŸ‹ แž“แžทแž„แžขแžถแž„แž„แžผแžแž‘แžนแž€แŸ” แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แž‡แžถแž‰แžนแž€แž‰แžถแž”แŸ‹แž€แŸแžšแžฝแž˜แž”แž‰แŸ’แž…แžผแž› แž‘แžถแŸ†แž„แžŸแŸแžœแžถแž˜แŸ’แž˜แž‘แžผแž‘แŸ…แž•แŸ’แžŸแŸแž„แŸ—แž•แž„แžŠแŸ‚แžšแŸ”แžแžพแžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แž“แŸ…แž—แŸ’แž“แŸ†แž–แŸแž‰แž˜แžถแž“แžแž˜แŸ’แž›แŸƒแžŠแžผแž…แž˜แŸ’แžแŸแž…?ย แžแžถแž„แž€แŸ’แžšแŸ„แž˜แž“แŸแŸ‡แž‡แžถแž€แžถแžšแž”แŸ’แžšแŸ€แž”แž’แŸ€แž”แžแž˜แŸ’แž›แŸƒแžšแžœแžถแž„แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“ แž“แžทแž„แžขแžถแž•แžถแžแž˜แŸแž“แž’แž˜แŸ’แž˜แžแžถ (แžแž˜แŸ’แž›แŸƒแž•แŸ’แžขแŸ‚แž€แž›แžพแž‘แžทแž“แŸ’แž“แž“แŸแž™แžŠแŸ‚แž›แž˜แžถแž“แž“แŸ…แž›แžพ Realestate.com.kh)แŸ– แž”แŸ’แžšแž—แŸแž‘แžขแžถแž•แžถแžแž˜แŸแž“แž€แž˜แŸ’แžšแžทแžแž‘แžถแž” (แžŠแžปแž›แŸ’แž›แžถแžš)แž€แž˜แŸ’แžšแžทแžแž˜แž’แŸ’แž™แž˜ (แžŠแžปแž›แŸ’แž›แžถแžš)แž€แž˜แŸ’แžšแžทแžแžแŸ’แž–แžŸแŸ‹ (แžŠแžปแž›แŸ’แž›แžถแžš)แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แŸฆแŸ แŸ  - แŸจแŸ แŸ ย แŸจแŸ แŸ  - แŸกแŸคแŸ แŸ แŸก,แŸฅแŸ แŸ  ++แžขแžถแž•แžถแžแž˜แŸแž“ แž’แž˜แŸ’แž˜แžแžถแŸฃแŸ แŸ  - แŸฅแŸ แŸ ย แŸฅแŸฅแŸ  - แŸฉแŸ แŸ แŸกแŸ แŸ แŸ  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