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First time buyers: What is the best property type for you?
First time buyers: What is the best property type for you?
June 6, 2022, 5:06 p.m.
Realestate News
You have enough in the savings for a down payment. You have been pre-approved for a home loan. Now it is time to start looking at houses. Before you do that, you need to think a little more about what kind of house you need and want.Most first time buyers in Cambodia choose a detached house with land in the suburbs. This was well suited to first-home buyers in the past because housing was generally less expensive than it is currently and transportation to and from major urban centers such as Phnom Penh was also less of a problem. These days, however, costs are generally higher and life is more complicated.  In response to a changing world, the housing market has diversified in Cambodia. This opens up more options, but it also means the first time buyer has to do a little more thinking about the kind of property that will work best for them.  With this in mind, Realestate.com.kh has thrown together a guide to choosing your first home!  Tips On How to Think About This Question: First and foremost, try to let go of the idea that a detached house is necessarily "best" property type for you! Instead, think of this as an apples to oranges comparison. If you think that a detached house is "best" property type, then you will think of other options as inferior simply for being different. This is very likely to lead to disappointment, especially if budgetary constraints are a large factor in your home-buying decision.Instead, stop and make a list of lifestyle choices, tailored to you and your families life. Try answering some of the following questions before you read any further. Then evaluate different housing options in light of how well they fit your unique needs, rather than how they compare to a detached house on a suburban estate:Do you have children?Do you want children?Do you have or want pets?Do you own a car or do you prefer walking, bicycling and taking public transport?How close do you want to be to your job?A General Overview of Options:1) Detached houses/Villas on a suburban estate: Good points:Houses like this, whether inside or outside a borey community, are typically relatively spacious.You have your own yard, which is great if you have children or pets.Boreys generally nurture community life - and have common areas for you and your family to enjoy time spent with neighbors.Price per square foot is relatively low for this kind of property type in Cambodia.There is a good supply of such homes, and the market is seeing more and more coming online in the next few years.Buying pre-construction or off-plan means you can get a better deal as an early-bird buyer.Detached homes have good privacy from their nearest neighbors.Bad points:You will need a car if you plan to work in the city, which drives the cost up in real terms for this property type.Nosy neighbors in a suburban estate may pay more attention to you than neighbors in the city, thus reducing your actual sense of privacy, despite the extra space.It can be a long commute to work - this will ultimately affect your life in many ways - and lifestyle considerations can be as important as costs.Some people see maintaining their garden/outdoor areas as a burden.If you secure hard title, you get the benefits of owning land, and a fairly safe investment for resale appreciation.2. Duplexes or row houses. Good Points:You will still have a yard, albeit a bit smaller with this property type.The yard's small size reduces the amount of maintenance it requires.They are typically more affordable than a detached house.You will not have additional fees as you tend to have with villas and apartment homes.If you secure hard title, you get the benefits of owning land, and a fairly safe investment for resale appreciation.Bad Points:Shared walls with neighbors can be a source of noise.They tend to be small, so might outgrow it if your family expands.You still have yard work to do.3. Centrally-located Townhouses: Good points:Shorter commutes are common with this property type.They are often more affordable than detached houses, row house and duplexes.No need for landscaping. You don't have to mow a lawn or clean a pool.If you secure hard title, you get the benefits of owning property in the city, and a potentially highly profitable investment for resale appreciation.Bad points:They can feel cramped, and often lack natural light.Lack of parking.There are additional fees and restrictions on what you can do with the property.Their value tends to increase more slowly, making them less of an investment property.4. Apartment unit in a smaller, lower-standard building.  Good points:They are typically close to the central business district, giving you easy access to shops and restaurants.Easy access to public transport.No need to maintain a garden.Shorter average commute to work.Generally, co-owned buildings are secure.If you are a foreigner, you can still own if strata titles are available.Bad points:Additional fees can be incurred within the apartment management policy.Cost of repairs is shared by the owners of the units.They tend to be small. If your family grows, you may quickly outgrow it.If you want pets, the owner may not allow this.If you don't get on with your neighbors, you have no-where to hide.5. A high-rise condo unit in the urban center: Good points:Extremely short commutes and good access to public transit.You may be able to live without a car, thus making this choice more affordable than it may appear at first glance.On site amenities may include spas, pools, gyms and cafes. These offer a unique lifestyle, compared to non-communal arrangements such as villas and detached homes.These units have good availability in urban areas, and the supply of condo units in Phnom Penh is rising extremely quickly.Amazing views and fresher, cooler air.No garden maintenance to do.Now that strata title is available, even foreigners can own a condo.Bad points:Potentially much lower appreciation than a landed property.Additional fees to pay for maintenance and management.If you are afraid of heights, this is not the home for you.If you love to garden, this is not the home for you.Depending on the size of the condo unit, you might not be able to house the extended family.Different properties appeal to different buyers. The best property for you depends on details about your life and the lifestyle you want to have.If you have an established family or plan to start a family soon, having space both indoors and out may be critical to your decision. In which case, a detached house, villa, row house or duplex may be ideal, assuming you can afford it.If you are young and carefree, being closer to amenities and freed up of maintenance responsibilities may have more appeal. Living close enough to walk to pubs and restaurants can free you up to have a drink without worrying how you will get home safely. For people who love the nightlife, this can mean that an apartment or condo unit close to the CBD is ideal.Learn how to pay back your mortgage faster in 2016, with these great tips!
Benefits of Professional Real Estate Photography
Benefits of Professional Real Estate Photography
June 6, 2022, 5:06 p.m.
Realestate News
These days, many potential property buyers in Cambodia use the internet and social media to search for properties... Hence, their very first impressions of a property are made from the photographic appeal of the real estate listing.As an agent, you tell your clients about their property's "curb appeal", and ask them to clean it up and make their property look more attractive to prospective buyers when it comes time for inspection.But, who is responsible for the online appeal? The agent has one chance to impress the potential client with a listing. You need to grab their attention in the first 20 seconds before they skim over your listing and move on to the next property listing. So, while the owner needs to clean the house - you, the agent, better keep the listing crystal clean. Even with this knowledge, most real estate agents are happy to take the listing photographs themselves. The photographs are sometimes grainy, walls and floors are tilted, colors are off, reflections of the agent appear in the walls and mirrors, and rooms are not made camera ready. The result? That newly renovated colonial apartment looks dark and dingy instead of warm, cosy and inviting. That beautiful, breathtaking view over the Tonle Sab River is just a bright white burst of light.This is not the first impression that any property seller wants to convey. These sort of photographs may hurt a property as the potential buyer will more likely skip over it in favor of another one which grabs their attention.HIGHER PRICES: There are studies conducted in the US real estate market which indicate that property listings that use professional photography tend to sell for higher prices. MORE APPEAL AND ATTENTION: When high-quality photographs are used on the listing, they will help grab the buyer's attention, giving the listing more views and exposure. When the listing is viewed more, more potential buyers are having a closer look at the property. A buyer may be lost as they skim past a listing using low-quality photographs. In this competitive market, having a listing with more 'pop' will give your listings a distinct advantage over your competitors. WE HAVE THE TECHNICAL KNOWLEDGE AND EXPERIENCE: A professional real estate photographer has the experience and technical knowledge to photograph and show a property at its very best. We use composition and editing techniques, as well as lighting, to help grab and focus the buyer's attention on the property's primest selling points. Professional real estate photographers have spent countless hours practicing and refining their skills and techniques. We are on a continual learning process to bring out the best in a property that we possibly can. Many agents have bought expensive cameras and the use "Auto" mode to take their listing photographs. Just owning an expensive camera does not make one a good photographer. You need to be able to see the best composition and have an array of techniques at your disposal as each photograph is different. This only comes after years of experience, practice, and learning. With that in mind, contact Bruce today from BDV Photography for a free quote on your next property photo shoot: bdv@bdvphotography.net
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 – Embassy Residences, which has sold 90 per cent of its units – local developer Urbanland is wasting no time in establishing its second project, Embassy Central. Being at the pulse of Boeung Keng Kang 1, and within strolling distance of renowned restaurants like Topaz Restaurant, Malis Restaurant, and Eric Kayser Bakery, with retail stores along the nearby Preah Sihanouk Boulevard such as Charles & Keith, Pedro, and Mango, and more cafés and bars interspersed around, there is no area more bustling and convenient than where Embassy Central is located. Thriving hub aside, Embassy Central itself is a building to behold; its discreet brilliance is reflected through its minimalistic and sleekly structured design. Only 25 storeys tall and 119-unit strong, Embassy Central holds its own in dedicating its composition to the importance of an urban lifestyle that is in sync with modernity, yet maintaining a green lifestyle with its outdoor landscape features. Check out the full Embassy Central listing today on Realestate.com.kh! With only 119 units, Embassy Central has a more private and intimate feel, with four sky gardens in different parts of the building that residents can fully utilise to their liking. These open spaces provide a tranquil respite from the hustling bustle of the city; spaces where you can exercise or do yoga amidst the rising or setting sun, sit and read a book by the trees, or simply bask in the crispness of the air. Besides its multiple sky gardens, another distinctive feature of Embassy Central is its vertical green wall garden that runs through the building from the 4th floor to the 25th, with the main purpose of brightening up usually enclosed hallways with natural sunlight. The condominium’s swimming pool is surrounded by lush greenery, as it is on the same floor where the vertical garden begins. The impressive architecture of this condominium comes from the same masterminds behind Cambodia’s most popular coffee chain – Brown Coffee. The same attention to detail, quirky steeled structures, and top-notch finishing seen in all Brown Coffee outlets across Phnom Penh are mirrored in Embassy Central’s building and showroom. Hok Kang Architects, who wholly designed Embassy Residences and Embassy Central, and are also the people behind Urbanland and Brown Coffee, aptly sums it up: “Embassy Central is a very special project for us. We want to design a building that responds to a hot tropical climate such as Cambodia. Vertically designed elements and oversized balconies help to shade the building from the harsh tropical sun. The building is punctuated by pockets of green gardens, giving it a more iconic architecture, and also its residents a more liveable space that is close to nature. Upon its completion, Embassy Central will be the emblem of contemporary urban living at its finest in the heart of BKK1.” Urbanland and Hok Kang Architects comprise a small but diverse team, and being local adds value and trust among Cambodians – that a relatively small developer is able to bring to the Kingdom international standards of ideas, design, and product. Urbanland is committed to investing in its home country, and seeing it thrive as an urban cosmopolis. The company prides itself on catering as much as they can to their niche clientele’s needs, offering interior design services or suggestions that will complement the overall flow of the building units’ designs. Embassy Central’s showroom is fitted with high-end furnishings, with cleverly streamlined storage spaces and enclosed air-conditioning, while everything that is attached to the walls such as the lights, cupboards, console table, and appliances come together with the unit. Singapore investment firm, Terrasia Capital Investment, has said that the quality of interior fittings and finishes is a game-changer that sets a very high benchmark for other developers to follow. In Urbanland’s Marketing Manager, Victor Huot’s words, “what you see and feel in our showroom will be the same experience you will get when you walk into your Embassy Central home.” “The most prestigious address in Phnom Penh, crafted with design and high-quality materials, Embassy Central is a gem of investment that will only increase in value over time,” Terrasia Capital Investment concluded. Check out the full Embassy Central listing today on Realestate.com.kh!
D’Seaview brings a unique quality in design to the Cambodian property market.
D’Seaview brings a unique quality in design to the Cambodian property market.
June 6, 2022, 5:04 p.m.
Realestate News
Last Saturday’s official D’Seaview groundbreaking ceremony was a great success, with over 200 honorable guests assembling at the construction site to celebrate the physical launch of Phase 1 of the project. The event was presided over by H.E. Yun Min, Governor of Sihanoukville province, and following the groundbreaking ceremony, a complimentary lunch was provided for all satisfied guests at the Sokha Hotel and Resort, Sihanoukville. Check out the full D'Seaview listing information on Realestate.com.kh. Already, a host of eager buyers are proud to gain the status of first movers for this momentous development. In the first phase of sales and booking, already over 80 percent of the 300 units in phase 1 have been successfully subscribed by both local and international buyers at price per square meter ranging from $1750 to $2200* *(updated October 2016). As stated by Dr. Wang Kai Yuen, Chairman/Non-Executive Independent Director at the D’Seaview Condominium Ground Breaking Ceremony on Saturday, “After the launch of Camhome’s unique queue system in September 2015, we have received more than 1,000 clients interested in this development and our upcoming developments. I believe more are coming, as Sihanoukville is one of the promising provinces in Cambodia, especially during the ASEAN Integration.” Nevertheless, as sales continue to expand, premier sea facing units and commercial opportunities are still available to buyers in the D’Seaview complex. But, those interested in these prime positions are urged to secure these units before they sell out! Further, a special “sure-to-win instant lucky dip” is being offered throughout the month of January to award attractive prizes for new buyers who purchase a D’Seaview unit at exclusive, off-plan prices. “Having accumulated more than 25 years of experiences in the design, construction and management of property developments in Singapore since 1988, D’Seaview will incorporate the latest in construction methods and modern building management concepts from Singapore,” said Dr. Wang Kai Yuen at the groundbreaking. The guaranteed quality of the D'Seaview project pays tribute to HLH group’s experience in the field of creating premium residential developments. The use of precast panels will allow for a smoother and more consistent finish throughout the complex; hollow core precast panels also allow service connections to be hidden within the wall therefore minimising the need for hacking and plastering or exposed ductworks; quality international standard fittings and fixtures will be used throughout, along with homogenous floor tiles, safety glass ( for windows which extends below 1m height), and a safe and quality assured elevator system; wall tiles to wet areas come standard, and beautifully-crafted roof terraces are provided for selected units; finally, all bathrooms have windows to allow for natural light and ventilation, and all enclosed kitchens have windows for ample ventilation. The design of D’Seaview likewise harks to the developer’s unique understanding of what creates an attractive and highly livable residential development, while concurrently paying tribute to the unique environment of Cambodia’s lush coastline. Naturally lighted and ventilated corridors, via cross ventilation, ensure a high level of comfort in all common areas within D’Seaview. As importantly, your new home will be a safe haven - with a high level of security via separate commercial and residential car park levels, card access and an integrated intercom service. Residential units will enjoy unrestricted sea views through design thanks to D’Seaview’s efficiently shaped floor plans. Prime units also include spacious balconies for outdoor enjoyment. Luxurious amenities shall fall at your doorstep, with subscription facilities such as a pool cafe, swimming pool, kid's room, yoga room, library, and fully equipped function rooms. Further, the complex will bring a level of convenience previously unknown to residential developments of Sihanoukville. Commercial lots will house a bank, childcare facilities, a hotel, restaurants, food court and mini market, all within easy reach of residents. Realise your housing and commercial dreams now; and visit Camhomes’ D’Seaview showroom at Canadia Towers and talk to their property consultants.Check out the full D'Seaview listing information on Realestate.com.kh.
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Taiwanese Property Investors visited by Century 21
Taiwanese Property Investors visited by Century 21
June 6, 2022, 5:06 p.m.
Realestate News
Due to cheap labor, social and political stability, and incentive policies to attract FDI - especially in the construction industry from the Government -Cambodia has become a choice target for foreign property investors. Besides financial institutions, textile, and other manufacturing industries, the real estate market in Cambodia now is a lucrative market for property investors. Investors view Cambodia as an emerging country with a large potential economy. Within the next three to five years, it will develop its infrastructure beyond recognition; transportation, roads, energy and water together with financial institutions. The Cambodian real estate market is massively shared by the Asian region states such as the Chinese, Taiwanese, Japanese, Korean, and Singaporeans. Taiwanese however has become the top buyer in most major condominium projects in Phnom Penh such as Baily, Suncity Bassac and many more. As the local property market in Taiwan is slowing down, the number of real estate sales agencies in Taiwan is increasing hugely. Sales agency offices are also shifting their current operations toward Cambodian based real estate investments, according to The China Post. This new focus offers the Cambodian real estate market a chance to grow and extend the market to such regional property investors, as Cambodian property offers reasonable prices for these types of buyers.   As a result, Century 21 Cambodia is organizing another collaborative trip to Taiwan on the 17th of January 2016 to share the practical Cambodia market situation with Taiwanese property investors and to build a strong network between Century 21 Cambodia and Century 21 Taiwan. Check out Century 21's listings on realestate.com.kh today!
D’Seaview Groundbreaking Ceremony tomorrow
D’Seaview Groundbreaking Ceremony tomorrow
June 6, 2022, 5:04 p.m.
Realestate News
D’Seaview brings Sihanoukville’s first fully integrated residential and commercial mixed development, located alongside Sihanoukville’s most beautiful beaches.With its twin towers standing at 28 storeys each, D’Seaview will bring a collection of premium executive condominiums, commercial units and a hotel to Sihanoukville’s pioneer integrated living complex.D’seaview’s waterfront location, close to Sokha beach, remains idyllic, yet the vicinity is overflowing with international and traditional Khmer dining, bars, discos, night markets, spas and shopping plazas. The official D’Seaview groundbreaking ceremony will be held at the development’s building site on Saturday, 16 January, to celebrate the physical launch of Phase 1 of the project. All are invited by Camhomes to witness the occasion and join the festivities, starting from 8am onsite. The event will be presided over by H.E. Yun Min, Governor of Sihanoukville province. Following the groundbreaking ceremony, a complimentary lunch will be provided for guests at the Sokha Hotel and Resort, Sihanoukville. In addition, Camhomes is offering a special “sure-to-win instant lucky dip” to award attractive prizes for new buyers who purchase a D’Seaview unit in the month of January. The development, encompassing 735 residential units, offices and hotel units, is slated for completion in an estimated 28 months. D’Seaview will give its residents a level of convenience that only a mixed use development can offer: living and shopping at the highest standards in the same building. Not only can residents live, work and play within the complex, investing in a mixed development with both commercial and residential owners, and tenants offers a unique hedge against future inflation, assuring appreciation for your asset. D’Seaview’s integrated hotel is also open to bids from investors, as well as local shophouse-style blocks that are targeted at Cambodian retailers who would like to set up their business as well as live within the complex. The resident’s lifestyle will reflect the quality of D’Seaview’s design concept, and already buyers are proud to gain the status of first movers for this momentous development. In the first phase of sales and booking, already over 80 per cent of the 300 units in phase 1 have been successfully subscribed by both local and international buyers at price per square metre ranging from $675 to $1943. And it is no surprise that Cambodians and international investors are increasingly looking south for new property investment opportunities. Cambodia’s southern coastal resort town, Sihanoukville, is not only one of the nation’s premier tourism destinations, known for its tranquil beaches and idyllic islands, but it is also the fastest growing commercial city outside of Phnom Penh. Sihanoukville is Cambodia’s coastal economic hub and is growing faster than ever; it is host to the nation’s sole deep-sea port, the largest Special Economic Zone, as well as a large scale oil and gas industry soon to commence extraction. As Sihanouk province grows in popularity, more flight and bus connections are being established, linking it to the rest of the country and region. Sihanoukville International Airport now operates flights from South Korea, Singapore and China, as well as daily flights to Siem Reap. Realise your housing and commercial dreams now; and visit Camhomes’ D’Seaview showroom at Canadia Towers and talk to their property consultants, or check out the full listing information online at realestate.com.kh. And don't miss the D'Seaview groundbreaking tomorrow. To find out more information about the D’Seaview groundbreaking ceremony, please call +855 23 985 828 today.
Office Space and Retail Supply Review: 2015
Office Space and Retail Supply Review: 2015
June 6, 2022, 5:06 p.m.
Realestate News
Now that 2015 has come to an end, Realestate.com.kh would like to start 2016 with a recap of the Kingdom of Wonder and its burgeoning real estate sector.  In particular - let's review the office space and retail supply trends in Phnom Penh - 2015. Also, don't miss the Real Estate Review: 2016Real Estate developers in Phnom Penh are seemingly boosting Grade A and Grade B office space to welcome the AEC integration in 2016. The intention is to be ready for potential demand from incoming investors as the integration takes affect in 2017-2019. According to Knight Frank's report, there will be a 64% increase in office space stock by 2018: 60% of this office space will be Grade A category, 40% will be Grade B. The majority of all office space will be within Daun Penh and 7 Makara. No wonder business is booming...The retail sector is growing rapidly: New malls, such as Aeon - with Aeon 2 and Parkson on the way soon in 2016, are having a dramatic influence on Phnom Penh's retail sector. According to Knight Frank Cambodia's: “Cambodia Real Estate Highlights 1st Half 2015,” total supply is building fast 2011: 59,154sqm; 2012: 66,154sqm; 2013: 72,114sqm; 2014-15: 134,153sqm; 2016: 223,173sqm (est.); 2017: 297,591 sqm (est.). With the entrance of a host of new brands and extensions of existing franchises in the retail sector, the supply by district is evening out. The evening of the share of retail supply could be related to new and existing brands increasingly looking outside of the Phnom Penh city center, where their customers are increasingly choosing to live. Check out more great info-graphics, from Realestate.com.kh: Prime Development Land Price Growth Tops ASEAN and the Real Estate Review: 2016
Why Downsize Your Home?
Why Downsize Your Home?
June 6, 2022, 5:06 p.m.
Realestate News
Whether you are approaching retirement, want to cut down your commute time, sick of an uncontrollable garden, or maybe just fancy a move – it could be a good time to downsize your home!Downsizing is a great way to cash in on your current real estate asset, especially when the market is hot - and can help you save some extra money once you move into a smaller, more-manageable home. What makes property owners want to downsize? - Here are a few of the most common reasons.  Finally free from the kids!When your children move out to go to university, start a job in the big city, or marry and start their own family – your current house might have vacant bedrooms and lots of excess space. It can be great always having the bathroom available - but when there is a chance to cash in on your property asset by downsizing your home you had better ask yourself "Do you need such a big home now?" Without your kids causing havoc, a big home might feel empty once they go. It also requires a lot of cleaning and maintenance, without any real benefits for those still living there. If this sounds like something happening in your home, try marketing your property for sale and consider downsizing. What is the difference between a deposit and a down-payment?  Cut the Commute:Generally, the closer your home is to the CBD, the more expensive the land/property is. This is why inner-city workers are increasingly looking to apartments and condos in Phnom Penh.  If your house is in the suburbs of the city, but your workplace is in the center – every day you might be spending hours in traffic. So for those who know they will need to live in the city for years to come – consider downsizing your home, and move to an affordable apartment or condo in the inner-city.  Cut Living Costs:A home is always in need of cleaning and other general maintenance; a home is also always in need of electricity and water and other utilities. Of course, it is easier to clean one bedroom, compared to four. A big home can also be hard to cool, or heat – depending on the season. For these reasons, you can bet that a smaller home will be have less maintenance needed, and ultimately cost less to live in. Thus – a smaller house = smaller bills = less work + more cash in your pocket.  Cash-in on your Asset:It can be easy to make money by selling your over-sized home in exchange for a smaller one. And the extra money could even settle your mortgage repayments. Especially when the property market is as hot as the current Cambodian real estate climate – cash in on your current home, and buy a smaller, more affordable property with a good chance of future appreciation. Learn more about what's in a home loan!
8 ways to Feng Shui your Office Space
8 ways to Feng Shui your Office Space
June 6, 2022, 5:05 p.m.
Realestate News
Want to get your office space in line for the New Year? Want to make sure you have a lucky 2016? Keep energized, innovative and prosperous with these tips to Feng Shui your office space, thanks to realestate.com.kh. Feng Shui essentially pays tribute to all directions; respectively determining romance, family, health & fortune, abundance, fame and reputation, children and creativity, wisdom and self-actualization, career success, and spiritual guidance. With that in mind, you need to identify the parts of your office (with your smartphone’s compass app) that will channel the best energies into your personal and business life. Romance belongs in the Southwest:To the southwest of your office space, hang a photo of your most loved one – albeit your wife, husband or partner.  Whoever brings the most sunshine into your life… By keeping that special someone here you will always remain calm in times of frustration. Paying tribute to your loved ones while you are at work should also put you in good stead for a healthy relationship at home – so you don’t need to stress about that while you are working in your office space.Keep your Family to the East:Hang those family portraits to the East of your office space – this will keep those that love you most in the back of your mind whenever you are trying to negotiate those big, stressful deals inside your office space. Abundance to the Southeast:Abundance is what you want most in your business – so welcome more wealth and internal happiness by introducing a plant into the southeast of your office space. Find a plant that is drought resistant and manageable. Also, boost the power of plants by introducing the colors of green and purple into your office space. If you want to go even further, try introducing jade crystal, aventurine, and clear crystal quartz. These stones will help you really tap your potential abundance. Fame and Reputation to the South:The South side of your office is the place for all of your crowning achievements. The south of your office is the best place to hang awards, degrees, and all those mementos of the business’ projects that are most praise worthy. Bring a sense of confidence and power into the office, and more success will naturally follow. Keep your Health & Fortune Central:Health is as important as your business – because if you don’t have good health, your money is irrelevant! While it is hard to bring Feng Shui into the center of your office, for logistical reasons, try decorating your computer with crystals such as citrine and blue calcite. Citrine can promote the flow of energy and liveliness into your office space, while blue calcite will encourage good communication. Poor communication will breed unnecessary anxiety, depression, and keep you awake at night. Children & Creativity to the Westside:The West is the place to bring innovation to your office space. If you tap it just right, the west will harbor creative ideas and invite alternate solutions to problems inside your office space. Whether or not you are involved in a creative industry is un-important – all business’ should invite innovation into their office.  The best is to bring something orange – maybe a flower, or even something that is used in your business.  Also consider hanging inspirational quotes from those people who inspire you the most.Wisdom should stay on the Northeast:Keep your dreams where you can see them. Because Feng Shui energy is delivered by thought, you should always keep your ultimate definition of self-actualization somewhere to remind you – and the best place is to the Northeast of your office space. Power symbols such as the Yin & Yang, or some other token to your deepest desires, are best kept in the Northeast. To the Northwest invite Spiritual Guidance:You may not think that spirituality has a place in the workplace - but understanding all forms of human aspiration is necessary to your personal and business progress. Consider a calendar of spiritual guidance on the Northwest wall, or look to oracle cards in the morning to predict potential challenges of the day. Center yourself, and control will come to those things around you too. 2016 is also the perfect time to invest or rent a new commercial property or office. See 1000s of Cambodia's best office and commercial property on realestate.com.kh today!
Featured Agent Profile: Kampot Real Estate
Featured Agent Profile: Kampot Real Estate
June 6, 2022, 5:05 p.m.
Realestate News
Realestate.com.kh would like to present another of our featured agencies - Kampot Real Estate.Are you considering investing in Kampot province? Need a professional property valuation from experts in the region? Looking for a holiday rental, investment land or a property to start a tourism venture? Do you need an investment plan focused on your needs, not on the agent's fee? Need buyer and seller advocacy that doesn't leave you high and dry as soon as the agreement is made?Check out Kampot Real Estate listings for rent and for sale on realestate.com.kh todayAt Kampot Real Estate, we aim to give our clients a specialized real estate experience, providing state-of-the-art professional services to vendors and buyers that create maximum benefit and personal satisfaction in a lifetime relationship. Our mission is to ensure that our clients have all necessary information to make a valid decision, and ensuring that all documents are in line with the local law. We will achieve this by: Making trust, quality and integrity hallmarks of the way we do business; Excelling and being consistent in everything we do; and - Being motivated and spreading our enthusiasm.Come and see us at our office at the old market in Kampot. We want to provide you with the service you deserve to make your investment with confidence!Check out Kampot Real Estate listings for rent and for sale on realestate.com.kh today
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.  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. Don’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 – 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 “Offset Account”: 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 against your loan. To clarify, here’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 Cambodia’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 “minimum repayment” 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 doesn’t matter if you pay extra regularly, just when you can afford to now and again is still worthwhile. 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 loans on realestate.com.kh today. Missed Mortgage Matters Part 1 or Part 2? Read them first!
Phnom Penh: one of Asia's fastest developing cities
Phnom Penh: one of Asia's fastest developing cities
June 6, 2022, 5:05 p.m.
Realestate News
From marvelous shopping centers, skyscrapers and five-star hotels, extravagant buildings across Phnom Penh are changing the capital into one of Asia's fastest developing cities.Inside Aeon Mall, Cambodia's first mega mall, shoppers and many curious residents herd to see the latest brands, snapping selfies before a giant Christmas tree. It is a typical scene across Southeast Asia - yet, not long ago, this would be incomprehensible for some in Cambodia, where around 20 percent of people still survive on under $1.25 every day. Even though poverty still remains, a fast-growing elite and middle class are progressively searching for new, local ways to spend their money. Some Cambodians are happy to have such an extravagant mall in the heart of Phnom Penh. It demonstrates the city is growing, and some families are cashing in on development land sales. The $200 million Japanese-built shopping center is only one of many new shopping complexes, hotels, township and condo projects springing up in Phnom Penh, as Cambodia rides a flood of high financial development rates in recent years. The capital, Phnom Penh, is second only to Laos in Southeast Asia for the fastest rate of urban spatial extension, as indicated by the World Bank, and Cambodia's economy is expected to grow at 6.9 percent this year. All over the city extravagant skyscraper apartment suites are appearing, and lifestyles are changing to, bit by bit. As indicated by the government, Cambodia drew development investment worth $1.75 billion in the initial nine months of 2015, a 13.7 percent increase from a year prior. A number of the new participants into the kingdom's building business sector are developers from Japan, Singapore, China and South Korea, to name just a few. On the other hand, some are concerned where the development frenzy will leave a city once well-known as the 'Pearl of Asia'. In its French pioneer-prime, Phnom Penh was viewed as one of the loveliest urban cities in Southeast Asia because of its wide European-style roads, deliberately manicured gardens and beautiful stately homes. Only a couple of decades later, the humming city was lessened to a ghost town when Pol Pot's fierce Khmer Rouge army seized control of the capital and ordered its two million people to evacuate. The city has been returning to life since the radical communist was toppled in 1979. However, the surge of action and change to its scene has intensified in recent years. Silas Everett, of The Asia Foundation in Cambodia, fears the city's unique appeal is quickly vanishing with estates and stately structures from the colonial period being torn down to make space for lucrative new development ventures. "Phnom Penh's architectural legacy is world renowned... Yet the rate of pulverization of these structures of critical social legacy is disturbing,' said Everett, grieving specifically the loss of structures designed by Cambodian architect, Vann Molyvann. And keep in mind, while wealthy Cambodians are lining up for a chance to live in some of the city's most desired new addresses, the urban poor are increasingly relegated to the edges of the capital where many were evicted to make way for commercial developments.