CBRE’s 2016 Global Investor Intentions Survey is the culmination of interviews with more than 1,250 major investors worldwide. The 2016 CBRE survey shows that investors are still strongly expansionary, reaching outside of their local markets, with 82% of respondents indicating that their external investment activities will be the same or greater compared to 2015.“The report highlights global investors’ clear appetite for expansion, with 82% of respondents indicating that their investment activity will be the same or greater compared to 2015. 37% of those surveyed stated capital appreciation as their principal requirement, combined with a renewed focus on core assets benefiting from consistent revenue streams," said Chris Hobden - Manager of Research, Consulting & Valuation at CBRE Cambodia.While there is currently limited existing stock of significant, income-bearing commercial assets being offered in the Phnom Penh market, we saw a clear rise in interest from international groups in exploring such opportunities in country over 2015. As the local market develops further, and a greater diversity of stock comes on stream, we feel that Cambodia will be well placed to draw attention from the 4% of major global investors noting ‘Emerging Asia’ as their primary focus for investment over the course of the year,” continues Hobden.Property returns are particularly appealing in low‑yield world according to the CBRE report: “The single most important motivation for investment in real estate is the expectation of capital gains: 37% of respondents state this is their main reason for investing in the sector (Figure 14). Americas based investors are more interested in this component of return than those of other regions. This said, 25% of global investors mention the steady income from rents and a further 15% say yield relative to debt or other asset classes as their top motive. EMEA-based investors have a relative preference for income and yield. Asset class diversification is most important for 11% of investors, but only 3% state that geographic diversification is important. As interest rates in some areas of the world head into negative territory and are set to remain lower for longer in others, we suggest returns will continue to attract capital even if there is only modest rental growth.”Check out a cool infographic on Retailer trends in Southeast Asia, also from CBRE

CBRE Research Southeast Asia has released the results of the 7th edition of the “How Active are Retailers report”. Within this report, statistics suggest that 26 percent of all global retailers surveyed identified Southeast Asian countries as primary target markets for 2016.CHECK OUT THE FULL INFOGRAPHICRetailers primary interests in the Southeast Asian region appear to focus on Mid-range Fashion and Luxury & Business retail sectors. [caption id="attachment_81434" align="alignleft" width="225"] Muyngim Lim, CBRE Cambodia[/caption] 48 percent of retailers particularly targeting the Southeast Asia economies come from Europe, ahead of the North America and Asia Pacific regions. "The fact that 26% of global retailers surveyed identified South East Asia as a target market for 2016 expansion is highly encouraging, with European mid to high-end fashion retailers showing particular interest. While Cambodia is yet to attract the level of interest enjoyed by more developed South East Asian markets, 2% having noted Cambodia as a target market for this year, with the arrival of new high-quality shopping malls, combined with growing domestic disposable income, we are optimistic that Phnom Penh will continue to benefit from new retailer entrants over the course of 2016,’’ said Muyngim Lim, Analyst at Research, Consulting & Valuation at CBRE Cambodia. In regards to potential effects on retail supply in Southeast Asia, according to the CBRE report, 65 percent of retailers have typical store size requirements of less than 500 sqm. It is not all smooth sailing though for retailers targeting Southeast Asian countries; Cautious sentiments prevail with the majority of surveyed retailers targeting to open less than 10 stores in any chosen Southeast Asia country. The top five major risks for retailers in Southeast Asia were UNCLEAR ECONOMIC PROSPECTS, COST ESCALATION, CURRENCY FLUCTUATIONS, LACK OF QUALITY RETAIL SPACE, LACK OF QUALITY RETAIL SPACE & CHANGES IN CONSUMER BEHAVIOR. Learn more about Phnom Penh Retail Space!CHECK OUT THE FULL INFOGRAPHIC

AXIS RESIDENCES is proud to be the First Cambodia Development by a Singaporean Developer to receive the 'Highly Commended Award' for the “Best Condo Development (greater Phnom Penh)” at the inaugural Cambodia Property Awards 2016, part of the Asia Property Awards series.And why not? Axis Residences is proving to be a trailblazer in the Cambodian developments market - setting the benchmark with a host of innovative design, finance and quality features.Axis Residences is the pioneering condominium in Phnom Penh to adopt sustainable solar PV technology (Solar Panels) into the development.By doing so, Axis Residences will be the first and the only condominium in Cambodia that incorporates this innovative green feature that benefits the buyers with both a stable electrical supply and a reduced utility and maintenance bill. It is also nice to know that your home is supporting the reduction of carbon footprint for our mother earth and elevating a cleaner Cambodia into the new century.By utilizing clean renewable energy from the sun, all residents at Axis Residences benefit from cheaper maintenance rates and likewise reduce the carbon footprint of the condo in its entirety. The green energy generated from the rooftops of Axis Residences reduces CO2 emissions equivalent to that of 3222 trees every year. Axis Residences is the forerunner for new quality condo developments in Cambodia – and firmly believes that innovation as such will pave the way for future condo and commercial developments in considering the incorporation of clean sustainable energy sources in their design.The sleek and contemporary design of Axis Residences is also impressing Cambodian celebrities and film makers. Recently, the renowned film production company, Hong Meas HD TV, has been using the Axis Residences showroom to film various drama series and movies.The directors and producers of these productions are well-aware that the younger generation of Khmer are craving a higher standard of living, and a taste in design style that the market currently sorely lacks. Because the Axis showroom epitomizes the style and quality that the new generation of home buyers are craving, and feature brand name appliances and fixtures throughout, it is only natural that Axis Residences should be the ideal location to film these popular films and drama series.Spring CJW, the renowned Singaporean development company behind Axis Residences, however, is well-aware that many younger Khmer interested in purchasing their first condo home currently lack access to sufficient finance to make such a dream a reality…With that in mind, Spring CJW has created a very attractive 15 year end-financing package in partnership with Phillip Bank, uniquely designed for their customers. As the payment schedule for this loan is based on each construction stage, off-plan buyers will only have to pay as each stage of the development is completed.The Partnership between Axis Residences and Philip BankThe Phillip Bank loan package, available to Axis Residences buyers, only charges interest for the amount that is supposed to be paid. For example, if the sub-structural phase of construction is competed, just 10% has to be paid to the developer by the end-buyer. This means that customers who purchase via the Phillip Bank loan will only need to incur interest for that initial 10%.This is not a common practice at all in Cambodia, as most projects will charge the loan interest on the full sum owing, and few banks are willing to support condo buyers. Not only that but, again uniquely, the principle sum for the Phillip Bank loan will only be payable at the completion of the Axis Residences project in its entirety, which is around 2 years later. Customers who use the Phillip Bank loan option will thus be looking at only around a $90 installment payment per month for the first year.This is not only affordable for young buyers, but acts as a guarantee that the project is completed to the promised standards, in the promised timeframe. Although this is Spring CJW’s first condo project in Cambodia, they have entered the market to stay – and customer-friendly initiatives such as this are a testament to that!At Axis Residences, younger buyers are offered a chance to secure a state-of-the-art home on finance terms that they can genuinely afford. This is a golden opportunity for young couples to own a new home with a lifestyle that will be the envy of their peers for many years to come.If you would like to learn more about Axis Residences, click HERE to check out the full listing on Realestate.com.kh today.Inquire directly with Spring CJW and join their friendly and knowledgable property consultants right here in Phnom Penh for a tour of the famous Axis Residences showroom.Click HERE to request an information pack today!

Century 21 Cambodia, in association with Century 21 University, brings you the Cambodian Property Law seminar - in April 2016.About the Trainer:Mr. PORCHHAY PHOUNG: Legal Advisor of Sciaroni & Associates:Mr. Porchhay Phoung is a Legal Advisor of Sciaroni & Associates, a leading law firm in Cambodia. He has been advising global real estate investors and developers , Cambodian real estate companies in laws governing real estate development, land lease laws, construction contracts, and ownership titles for foreigners among other matters pertaining to real estate. He has more than ten years’ experience and earned his Master degree in commercial Laws from University of Melbourne in 2015.Who Should Attend: • Property Owners • Property Managers • Property Developers • Real Estate Agents • Agency OwnersWhat You Will Learn: • Land Title Issues • Constitution Vs. Investment • Local Vs. Foreigner • Landholding Structures • Sellers Vs. Buyers • Developers Vs. Buyers • Construction Limitation • Associated TaxesDate : 02nd April 2016 Time : 9am to 5:30pm Place : Century 21 UniversityLimited seats, Call now: 095 666 297 / 095 666 298 / 076 222 0080 / 076 222 0404 / 076 222 0505Only $95 per ticket, includes 2 coffee breaks and lunch.

SUPREME HOLDINGS & HOSPITALITY (INDIA) LIMITED, part of the JATIA GROUP of India, is this week visiting the Kingdom to explore investment opportunities in the Cambodian real estate and prime hotels market.While in Cambodia exploring investment opportunities, the directors of Supreme Holdings India would like to extend a warm welcome to all Cambodian-based Indian citizens to join an exclusive Indian Investors Night - Saturday the 19th March, 6:30-8:00PM; at the Sofitel Phnom Penh Phokeethra, Ballroom 2. Cocktails and canapés will be supplied by the hosts for all attendees.  Supreme Holdings has been incorporated in India since 1982 and became a public listed on the Mumbai stock exchange in 1994. Supreme Holding’s business and ownership interests have largely been in 5 Star Hotel development and operations, Real Estate Development (including land bank acquisition), Trading, Food and Beverage, and various other ventures. Their group portfolio in India includes Asian Hotels Limited, a five star hotel operator - established in 1980 and operating since 1983. There are three five star hotels under Asian Hotels Limited’s umbrella, respectively in Delhi, Mumbai and Kolkata, with a total room capacity of 1234 rooms. Asian Hotels is a public listed company on the Bombay Stock Exchange and is also the first Indian hotelier to collaborate operationally with Hyatt International Hotels. Other companies include: Westlife development: Sole Franchisor of McDonald's in West and South region of India, Pudumjee Paper Products Limited: Manufacturing of speciality paper products, Bell Ceramics: Manufacturing of vitrified tiles.Belmac Residences is a latest project of the Jatia group, a high-end residential development project in Pune, India.  The construction of the Belmac Residences project has just started and estimated to be completed in 30 months. The project construction cost is estimated to be INR 4200 million (US$70 million). The Belmac Residences project, on completion, will house 240 boutique apartment units in six low-lying towers, each 50 meters high. The development envisages a host of modern lifestyle amenities, including full clubhouse, sports centre, swimming pool and idyllic landscaping of the complex grounds. Further, all units at Belmac Residences will include high quality finishes and interior décor. Supreme Holdings owns 26000s/m of prime development land in the center of the city of Pune, which is located about 150 km south of Mumbai. This will become the location of Belmac Residences. Pune is the second biggest city of Maharashtra State, the well known cultural and education centre of India, in particular in the fields of Information Technology and Software development, and also Industrial development in outskirts of city. Off-plan buyers of Belmac Residence apartments will only need to pay 20% upfront on signing. The remaining 80% is paid on completion of the construction and full possession by the buyer. This offers huge investment potential for Indian buyers, and low upfront capital in the short term - all of which is secured by a highly reputable development company. Supreme Holdings also offers various competitive financing options for those considering taking home loans in India to support their investment. Supreme Holdings offers finance options with various banking partners, including ICICI, HDFC, SBI, AXIS and LnT Finance.  Welcome to all Cambodian-based Indian citizens to join an exclusive Indian Investors Night - Saturday the 19th March, 6:30-8:00PM; at the Sofitel Phnom Penh Phokeethra, Ballroom 2. Cocktails and canapés will be supplied by the hosts for all attendees. The directors of Supreme Holdings are also available for private meetings on request between Tuesday 15th until Sunday the 20th March. RSVP for the event today with Ivanna Investments Ltd., the local sales partner for Belmac Residences in Cambodia. Email: ipanjwani42@gmail.com; Phone: (+855) 086 548 883; Office Address: Canadia Tower, 18th Floor, Room #1808

Taking a stroll around Phnom Penh is enough to show anyone that the real estate and construction sector is booming. Investments have risen from US$840 million in 2010 to US$ 2.7 billion in 2013.But did you know that approximately 30 per cent of the workers on construction sites are women?Women, along with men, are building Phnom Penh and it’s important for them and their families that they are treated fairly and protected. That’s why CARE International is undertaking the EU-funded project: Labour Rights for Female Construction Workers. The project aims to enhance protections for women in the construction sector and builds upon CARE’s proven history of improving women’s working lives in the hospitality and garment industries. This project is a chance for responsible construction companies and developers to work with CARE to make sure investing in real estate is investing in the community. Interested private sector partners can take part in this project with CARE on to build up their corporate social responsibility portfolio.But beyond CSR, investing in women has been found to make good business sense. When companies invest in their female workers, they are much better placed to notice talented individuals that can contribute more. Why waste the potential of your women workers when, with the right support, they could be your best employees?CARE’s approach in this construction project is threefold. CARE, through local partners, will work with women directly to improve their capacity. This will include facilitating peer-to-peer training to help women understand protections in place, their own potential and encourage them to make the most of work in construction. It will also include educational resources that will be offered for free to workers.By engaging with employers and peak bodies, CARE will help construction companies and developers to invest in the human capital of their female workers through providing training to managers and human resources personnel. CARE will work with women workers and the private sector to facilitate avenues of communication between managers and women workers to provide managers with better understanding of the specific situation of their female workers. To complement these approaches, CARE will also work with Government stakeholders to improve institutional protections.CARE is looking for industry partners in the real estate and construction sector to be part of this project.If this is something that interests you, please contact the Project Manager, Ms Kalyan Rath, at kalyan.rath@careint.org or Adviser, Ms Adriana Siddle, at adriana.siddle@careint.org.

As HLH Group’s maiden housing development D’Seaview gears up for Phase 2 of its development – after having had all 300 of its residential units fully subscribed in Phase 1 since its launch in September 2015 – it will simultaneously be introducing Sihanoukville’s largest shopping mall.SEE THE FULL LISTING The shopping mall, comprising a colossal 20,000 square metres of retail space, will be situated right next to D’Seaview. Slated to be the trendy uptown area of Sihanoukville, with D’Seaview being a mixed-use development that encompasses 737 residential units and numerous commercial units suitable for an array of businesses, the shopping mall will be an enticing complex to complete both residents’ and non-residents’ entertainment and shopping needs. The mall will hold such amenities as food courts, bars, health and wellness centres, beauty salons, mini-marts and financial institutions. The development will also incorporate an integrated hotel to capture Sihanoukville’s growing popularity as Cambodia’s premier beach town. [caption id="attachment_81305" align="alignleft" width="472"] Local celebrity Khieu Sansana[/caption] “Given the country’s positive GDP growth of about 7 per cent annually, Cambodia’s economy remains vibrant and attractive to both local and foreign investors. Located next to D’Seaview, the mall will provide retail space for shopping and entertainment, making it a magnet for visitors and locals,” said Dato’ Dr Johnny Ong, CEO of HLH Group. He added that the mall will not only be popular for shoppers, it will also provide the development with an additional revenue stream. “We are currently seeking experienced mall operators for sale,” said Dato’ Dr Ong. While Sihanoukville has been pegged as the next hotspot in Cambodia not only for property investments, tourism has taken off with more flights landing and with the potential to become a fixture on the cruise ship circuit, HLH Group’s inaugural shopping mall could not have been more timely. Dato’ Dr Ong also noted that the addition of this shopping mall will add more activities to the city, a problem that has long been lamented when engineering Sihanoukville’s attractiveness as a destination. Popular TV personality KhieuSansana, who had recently subscribed to one of D’Seaview’s units, said that she believes Cambodia’s ASEAN integration plays an imperative role in attracting regional visitors to Sihanoukville. And as a constant traveler herself, she would also be able to lease her unit out to locals and foreigners who come for leisure or business while generating revenue from her personal investment into such a prime residence. With D’Seaview being only a five-minute stroll from the tranquil and scenic Sokha Beach – one of Sihanoukville’s many sandy white beaches of crystal blue waters – property market watcher and investor Clement Dupont said that the development will elevate the city’s image to one of luxurious liveability, compared to other run-of-the-mill seaside holiday destinations. “People will realise that Sihanoukville is a worthwhile place to invest in and attract homebuyers who are looking to live and work in a comfortable and classy environment, as the city’s economy grows from year to year,” Dupont said. Set to capitalise on the Kingdom’s trade and manufacturing sectors by having the country’s only deep-sea port, as well as a forthcoming 190-kilometre long and 25-metre wide expressway on National Road 4 linking Phnom Penh and Sihanoukville, the city has advantages coming from all directions. With D’Seaview’s location at the pulse of the city, HLH Group’s mall will garner interest from international and national retailers. SEE THE FULL LISTING

The Gateway showroom is open everyday from 9.00am to 6.00pm. The Gateway showroom is located at the actual construction site of the Gateway project, along Russian Boulevard - the physical gateway of Phnom Penh central city.As Russian Boulevard is the main road or the gateway of Phnom Penh, it is the essential route for all VIPs entering the city, especially those traveling to the Prime Minister’s office from the International Airport. By positioning itself here on the main artery of Phnom Penh, the Gateway promises sustained appreciation for all ASEAN investors.  The Gateway is 3 minutes away from major amenities of Phnom Penh City. It will be alongside a variety of retail flagship stores, key government ministries, upcoming mega malls, and a host of International schools and embassies. Meanwhile, TA Corp has identified Cambodia as a fast rising market. Cambodia has illustrated strong and steady property growth year on year, with its average property prices doubling every 4-5 years over the past 10 years. Prime properties in Phnom Penh exhibit attractive rental yield of 7-11% of purchase prices. With bulk of its purchasing demand coming from the local buyers located in Phnom Penh; it displays a vote of confidence and a positive signal for potential investors who have already invested. The ASEAN Economic Community (AEC) has substantially increased the convenience of doing business in Phnom Penh and stimulated the demand for foreign direct investments from International Companies. Investor’s from around the world are seizing the opportunity to tap on the high growth potential of the rising Cambodian market. Learn more about this iconic project: Check out the full listing and inquire today!

Century 21 Cambodia through its Global Strategic Business Development Team seeks to strengthen the Real Estate Investment Opportunities with Century 21 Taiwan. As the Cambodian market continues to grow both in demand, developers and investors are seeking to diversify their options and target options that offer lucrative long-term success. This week, Century 21 Cambodia, along with Local Franchise Office Century 21- Dream Property, is scheduled to travel to Taiwan to meet with their Franchise counterparts to discuss ways of networking clients from both countries to increase investment and sales through the Global Sales Structure Century 21 franchises has to offer, both in Cambodia as well as Taiwan.Taiwan’s interest in this region has been noted with purchases into projects such as Bali, Suncity Bassac, and others continue to extend its desire for investment returns that are not so easily presented in a traditional real estate investment market.As the real estate industry in Taiwan remains at a fixed level of real estate investment returns, the need to find new and better return on investment for clients has become a part of their office’s interest to reach out and find investments around Cambodia. According to China Post, offices in Taiwan continue to be set up in search Condominium investment growth in Cambodia.This trip for Century 21 Cambodia will be another one of several recent visits to neighboring countries. These visits add to this year’s goal of finding ways to create opportunities for Century 21 franchises to cater to clients buying or selling around Cambodia. With the rare opportunity of Phnom Penh growing at its current rate, Century 21 Cambodia seeks to support its franchise offices, by networking with Century 21 global offices and fill the need to find clients for these development units.

4 March 2016, Singapore – Knight Frank, the independent global property consultancy, today releases the Prime Asia Development Land Index for H2 2015. The index derives the price of prime residential (apartment or condominium) and commercial (office) development land in 13 major cities across Asia.Knight Frank Prime Asia Development Land Index shows prices of residential sites in the region appreciating 3.0% in H2 2015, up from the 1.2% seen in the previous six months. On the other hand, the price growth of office land slowed to 1.5% from 3.6%Report highlights:H2 2015 witnessed development land investment volumes in Asia rise by 14.1% year-on-year.Cross-border volumes increased by 55.3%, driven by intra-Asian investment flows.China bought almost two times more land in the rest of Asia.While the average price of a piece of development land has been climbing steadily since mid-2012, the average land size has been shrinking. In Indonesia, the government’s efforts to tackle tax evasion is discouraging big-ticket purchases.Mr Nicholas Holt, Head of Research for Asia Pacific, says, “The confluence of easing construction costs and rising residential prices and office rents propelled Phnom Penh’s prime land prices upwards. Although the growth rates in H2 2015 moderated slightly from the previous six months, they nonetheless were among the fastest in the region.“Tokyo’s prime residential land index recorded the fastest growth among the cities tracked in H2 2015 – it is also the only market that outperformed Phnom Penh. With Japan joining the negative interest rate club, there could be more yield compression and price appreciation.”Download the full report!

Jum reap sour! And welcome to another weekly Real Estate News Report brought to you by RealEstate.com.kh. The leader in real estate news in the Kingdom and the best place to find your new home. Missed Part 1 or Part 2?On this week’s show, we’re going to be speaking with Mr. In Sitha, Director of Business Development at VTrust Appraisal, about where to buy development land in Phnom Penh. Sitha has over 20 years experience in the real estate business in Cambodia and he now specializes in property development consultancy and real estate business development. He's also a renowned real estate teacher in real estate law and real estate practice. In this 6 Part series, we're going to get some tips for property developers and real estate businesses seeking to gain an edge when entering the Cambodian real estate market.PART 3: WHAT ARE BEST AREAS TO BUY DEVELOPMENT LAND IN PHNOM PENH?Realestate.com.kh: What districts are the best to buy in in Phnom Penh for developers?  Say if you got a new developer client seeking consultation, which areas would you recommend buying land in now for a new development project?In Sitha: I think right now Chamkarmon District is one of the four districts of Phnom Penh that I would consider as the good place to invest at the moment and into the future. I think that's where to buy development land in Phnom Penh. Realestate.com.kh: Land's expensive right?In Sitha: Yeah, the land is little bit expensive but it's still good to invest. As you see, Chamkarmon District is the place with the most expats, restaurants and the prime hotel area of approximately 1,073.72 hectares. In this district, I consider two communes, BKK1 and Tonle Bassac, to be best to invest in.Realestate.com.kh: Which ones?In Sitha: Number one is Boeung Keng Kang 1 and number two is Tonle Bassac. You see, they are in the central area, so the southeast of Independent monument, and this district has a lot of wealthy residents, NGO, corporates, etc. And the landscape is very nice, very beautiful and wide, leafy streets. Realestate.com.kh: Will developers who choose to build in BKK1 increase their chance of higher rental returns?In Sitha: That's correct.Realestate.com.kh: Because of all the expats and lots of money in this area?In Sitha: In Boeung Keng Kang 1 and Tonle Bassac, there are many rich people. One unit of a serviced apartment with two bedrooms can be priced from 800 US to over 1800. Yet, ultimately, it is based on the quality and the design of the construction.Realestate.com.kh: Much, much higher than the rest of the country?In Sitha: Yeah, it makes it a good investment opportunity if for a one bedroom unit you can get almost 1000 to 1500 in rental returns. These areas offer easy access to all sorts of entertainment and food venues, and also the government institutions, hospitals, international schools and universities. This is a centralized area. Market price increases yearly so this is a very good place to invest in these two sangkats/communes.Loving it? Then you should watch part 4 now:WHY PHNOM PENH BOREYS ARE PROVING SUCH A POPULAR MARKET FOR DEVELOPERS AND HOMEBUYERS coming soon

The Cambodia Constructors Association (CCA) will host its 5th CCA Summit and Cambodia Construction Industry Expo on December, 1-3, 2015 at Diamond Island Exhibition and Convention Center where hundreds of local and international exhibiting companies and visitors will attend. CCA is now also a member of ASEAN Constructors Federation, China-ASEAN Building Materials Committee, and International Federation of Asian & Western Pacific Contractors ‘Association (IFAWPCA). This will bring huge benefits to the Cambodia Construction Summit & Expo 2016.Unlike previous time, this time at the Cambodia Construction Summit & Expo 2016 there will be many exhibitors from the three above international associations as well. Besides, we will have some excited events like CCA networking party with exhibitors at the second day of the event (evening) with free foods and drink where you and possibly your members can network with our potential CCA members and other exhibitors to match your business with them. Once there was 250 booths last year, we aims for 300 booths a this year's Cambodia Construction Summit & Expo 2016.CCA is a private-run constructors group that was established in 2012. Currently, we have over 100 member companies that are companies related to construction and property sectors. For more info about CCA, please kindly go to www.cca.org.kh

After receiving complaints from commuters regarding toll fees along Veng Sreng Road, the prime minister cancelled the road investment contract in late December 2015 and placed it under state management and abolished the collection of fees from commuters. “I am giving the Veng Sreng road back to the people to use free of charge as a New Year present. I am grateful to our citizens who brought this news on Facebook about their problems regarding the Veng Sreng road to my attention,” the Prime Minister Hun Sen said.Chinese firm BOTT WAYS invested in the Veng Sreng - Chom Chao road which runs for 6.5km and is 22 metres wide. Built with 20-cm concrete, the road is divided by 2.5-metre wide garden. When contract was cancelled, the road has almost been completed. The remaining works have subsequently been transferred to the capital department of public works and transport.   As with Veng Sreng Road, Prime Minister Samdech Hun Sen also decided to cease charges for commuters on National Road 4 from 13 January after receiving complaints from people via Facebook. The decision was made just a few days after he removed toll fees for people who own vehicles and reside along National Road 4 that have to pay daily. The 230-km National Road 4 has been operated and maintained by AZ Group under a 34-year concession since 2000. This main artery to the coast is currently being expanded from 2 lanes to 4 lanes with an unspecified completion date.   This article was submitted by: Tim Vutha, Construction and Property Magazine [caption id="attachment_81252" align="aligncenter" width="229"] Download Issue 20 of the Construction & Property Magazine today![/caption] http://realestate.com.kh/news/remoc2016-is-here http://realestate.com.kh/news/phnom-penh-infrastructure-rising

Plans have been submitted for a super skyscraper to be built in Phnom Penh which would make it home to the tallest building in Southeast Asia (ASEAN) in 2019 should it be completed. The Thai Boon Roong Twin Tower Trade Center is being jointly developed by local firm Thai Boon Roong Co., Ltd and Chinese giant contractor Kia Nip Group. The development has been revised upwards from a proposal submitted to City Hall in June 2015 of 111 floors worth $3 billion to a new design of 133 floors worth over $1 billion.The capital’s Land Management Urban Planning and Construction department and the Phnom Penh municipality consecutively endorsed the revised master plan in mid-February. The plan has already been submitted to the Ministry of Land Management Urban Planning and Construction for a final study that is expected to take at least 45 working days before a final decision is released.  If final permission is granted, construction is planned to kick off later in 2016 with completion scheduled for 2019. The project is expected to become ASEAN’s Tallest TowerThe Thai Boon Roong Twin Tower Trade Center is to be situated on the five-hectare Dream Land plot in Tonle Bassac commune and will feature commercial office space, a cultural centre, hotel, retail and shopping centres and many more entertainment facilities.  If completed, the structure will be ASEAN’s Tallest Tower ahead of Malaysia’s Petronas Twin Towers (452 metres with 88 floors), Vietnam’s Keangnam Hanoi Landmark Tower (345 metres and 77 floors), Malaysia’s Menara Telekom Towers (310 metres and 55 floors) and the 304-metre Baiyoke Tower II in Thailand with 84 floors.  It will also be the 5th tallest high-rise in Asia as well as in the world following the UAE’s Burj Khalifa (828 meters), China’s Shanghai Tower (632 meters), Saudi Arabia’s Makkah Royal Clock Tower Hotel (601 meters) and Taiwan’s Taipei 101 (509 meters). However, if the 555-metre Diamond Tower proposed by Overseas Cambodian Investment Corporation (OCIC) in 2010 is successfully built on Diamond Island, the tower will rank only second in Phnom Penh.  While such high-rises are usually welcomed by the public, building safety systems - especially related to fire prevention - are usually the main concerns due to the fact that the Cambodian authorities still have limited capacity and legal regulation in dealing with safety issues on tall buildings, let alone super-skyscrapers. Prof. Tous Saphouen, Secretary General of Board of Architects Cambodia and also the Dean of Pannasastra University of Cambodia’s Architecture Faculty was involved in the architectural design of this project. He told local media that the development was the result of a very detail architectural study done by experienced Cambodian and Chinese architects. According to Prof. Tous, giant Chinese constructor and main contractor Kia Nip Group has developed many high structures especially in China. Since it is the first super-tall building in Cambodia, the developer it is not sure whether local firms can be sub-contracted to parts of the building works. According to data from the Ministry of Land Management Urban Planning and Construction, 628 buildings ranging between 5 and 40+ floors have been erected in Cambodia so far. Among them, 407 buildings are between 5 and 9 floors, 187 buildings are between 10 and 19 floors, and 22 are between 20 and 29 floors. Only four towers surpass 40 floors. Phnom Penh Governor Pa Socheatevong has indicated that Phnom Penh will attract more high-rises in the next few years, especially in the area surrounding Diamond Island, and in Chamkar Morn and Daun Pinh districts. Despite general industry enthusiasm for the project, questions continue to be raised about not only the viability of the project for the Cambodian market but also about whether due diligence will be followed in the approval, investment and construction of the project. This article was submitted by: Tim Vutha, Construction and Property Magazine [caption id="attachment_81252" align="aligncenter" width="229"] Download Issue 20 of the Construction & Property Magazine today![/caption]

2018 will see Ta Khmao city transformed into a real estate development hub thanks to the construction of the first large-scale residential and commercial development project called Center City Ta Khmao.SEE THE FULL LISTINGLocated just south of Phnom Penh along the Tonle Bassac riverfront, the Center City Ta Khmao complex is to be built on a 15,463 square metre plot with 10,668 square metres of beautiful landscaped surroundings and will feature a range of luxury freehold-based property units. Two 27-storey condominium towers totalling 484 units will be surrounded by 60 commercial shophouses, 8 commercial buildings, a 2-storey shopping mall, and 3-storey car park. One floor of the building will be dedicated to leisure amenities including a health and fitness centre, swimming pools, jogging paths and a children’s playground.The complex is being developed by Tang Kung Group under the brand The River Premium Developments via a joint venture between local conglomerate Tang Kung Group and a Malaysian investor also owner of Australia-based Riverside Group. Tang Kung Group has almost 20 years of experience in the real estate industry. Thanks to the extensive background of the developer, The River Premium Developments prides itself on premium quality mixed-use developments, incorporating residential, commercial and leisure amenities. To ensure premium quality, it integrates modern design and architecture into all of its prime location projects to cater to the Cambodian market. First-class quality is key to the culture and commitment of the company and is guaranteed by using only branded construction materials to maintain international standards. “Situated in the heart of Ta Khmao overlooking the grand Tonle Bassac, Center City Ta Khmao will be the finest in world-class living,” said Okhna Tang Kung, Chairman/CEO of The River. He added that Center City differentiates itself from other developments by being located, “In a tranquil and picturesque setting in front of the majestic Tonle Bassac and offering unparalleled convenience. It offers customers the choice of owning spacious shophouses perfect for any business, thanks to its proximity to premium condominium units and a luxurious shopping mall that offers world-class amenities within the same complex.” The target market for the developer is both local and foreign high-end buyers. According to Okhna Tang Kung, his firm has a different strategic view on the future property hub, saying that Ta Khmao will be the next landmark in the kingdom.SEE THE FULL LISTING“As predicted by Cambodia’s most-celebrated architect and urban planner, H.E. Vann Molyvann, Phnom Penh city will continue to grow toward Ta Khmao as this area is highly flood resistant, and will remain so for the future. The developer behind Center City Ta Khmao thus views Ta Khmao as the most sustainable region for residential development, with H.E. Vann Molyvann’s expert understanding in mind,” he stressed. Construction on the development kicked off last year and will ensue in 3 phases. Phase 1 will be the shophouses and is now in the pre-selling stage. Unit prices for the mall and all condominium units are expected to be revealed during phase 2 and 3 in the coming months.

China is now the second largest economy in the world, after Japan, and continues to grow steadily at about 10 percent per year. Thus, all eyes are frequently on China these days. What they do now has global implications. If they rise, we all rise. If they fall, they take a lot of people down with them.Although China is not just a major player in the region -- it is a major player in the world -- as is always the case, proximity matters. What China chooses to do has a particularly strong impact on countries near to hand. Cambodia is one of the countries near to hand that is particularly strongly impacted by any ripples in the Chinese economy.Many countries in Southeast Asia have been struggling with internal market uncertainties. In contrast, China's continued generally strong economic growth has fueled a trend in increased international investment. In 2015, China doubled their international investment compared to the year before. In aggregate, it totaled just under US$30 billion.Naturally, there are a number of factors impacting the investment decisions of Chinese investors. The recent instability of the Chinese stock market is one important factor driving Chinese investors to diversify their portfolio by looking outside of the country for capital safe havens and opportunities.Additionally, their ongoing devaluation of their currency is being done to intentionally give them trade benefits. This is also driving investors to from within China to move money outside of China, exactly as it is intended to do. The explicit policy objective of their ongoing currency manipulation is to enhance their ability to export goods and services. This may be why predictions suggesting they would retrench their outbound capital failed to be realized. Instead, their overseas investments in real estate continued a strong upward trend throughout 2015. Although the lion's share of this outbound capital continues to be invested in big markets, such as US commercial real estate, the UK and Australia, a certain market segment is gradually turning more attention towards regional centers closer to China's own backyard, such as the ASEAN nations. These areas are beginning to have a bit more appeal for small- to mid-cap investors who desire higher yields. The traditional centers of Chinese investment interest -- places like London and major cities in the United States -- are in no danger of being ignored. In spite of the high cost of entry into markets in well developed countries, they have a long track record of being solid investment opportunities. Thus, they are worth are worth it. But the "Belt and Road" policy is beginning to encourage more Chinese institutional investors to look at opportunities much closer to home. The main places expected to benefit from this trend include India, Hong Kong and all ASEAN countries. Since Cambodia is an ASEAN country, it is included in this list. There is also reason to believe that Japan will continue to draw substantial investment interest from China. Thanks to the aforementioned policy changes and the ongoing RMB devaluation within China, the odds look good that China will continue to invest heavily overseas. While the bulk of that money will certainly go to traditional gateway markets, regional hubs in Southeast Asia are likely to start seeing more than just a splash or two from the fire hose of Chinese outbound capital. Even if their forward momentum slows down, as some people are predicting, the fact that they have one of the largest populations in the world, a huge mass of land, and have established and sustained consistent economic growth for some years now strongly suggests that they will continue to be a force majeure on the global economic scene. The policy changes and trends in motion make it highly likely that the drips and drops of regional investment we have already seen will grow to a steadier stream. We are looking forward to helping Cambodia tap into that stream. Given the drama that occurred when China's stock market took a noticeable dip recently, some people are understandably concerned about the near and mid term outlook for Chinese outbound capital and its impact on international markets. As is often the case in stock markets, the dip -- down 6 per cent in the Shanghai Composite index, and down more than 7 per cent in the Shenzhen Composite -- caused panic selling, thus deepening the problem. Predictably, some folks fear that the impact on Cambodia's real estate may be negative, not positive. One cause for this concern is that, because Cambodia is a Least Developed Country, it benefits enormously from its ability to export to some of the more developed countries, such as the US. Additionally, the Cambodian riel is pegged to the US dollar. These facts make the country especially sensitive to international economic drama involving the US. Understandably, people held their breath when the Chinese stock market dip caused fallout in the American markets. Fortunately, the situation was short lived and did not turn into a long term slide. The US and other important markets quickly rallied. This is in spite of the fact that China's RMB devaluation is an ongoing policy specifically intended to manipulate the American market for China's benefit. In spite of how China's population dwarfs that of the US, the American markets are surprisingly robust -- or, perhaps, not so surprisingly since the US is one of the more developed countries in the world. In spite of a 40 percent drop in the Shanghai exchange and predictions that this may have a long term negative impact on Cambodian real estate, there was no serious distress in the short term. Nonetheless, Chinese investment plays an important role in infrastructure development, agriculture, hydropower, and industry for Cambodia. Chinese investors are a major force in some areas of industrial development in Sihanoukville, one of the three most important cities in the Cambodian market, if only because it has the only deep sea port in the country. Because global events hit Cambodia hard in 2008, this most recent incident was met with a proactive government response. They promptly set out to run the necessary analyses and put protections in place to avoid another serious recession. The country's capital, Phnom Penh, is the single most important city in Cambodia. A high percentage of its new residential development is being snapped up by foreign buyers. Prices have been heating up, causing talk of a possible bubble in this market. We believe this to be unlikely because Cambodia lacks the essential ingredients for creating such a situation. Among other things, bubbles require excessively high rates of leverage. The conservative banking system in Cambodia has been a strong safeguard against that situation developing. Thus, Cambodia simply does not have that particular problem and it is unlikely to develop a bubble, only to see it burst catastrophically. The rate at which China is moving manufacturing out to other parts of Southeast Asia is astonishing. This region may well displace China as the seat of global manufacturing. The trope "Made in China" may be replaced by "Made in Southeast Asia." Of course, China's economic slowdown has been felt in the region. This may have a silver lining in the form of taking some of the wind out of the sales of speculative buying in Phnom Penh. Prices might come down a bit to more reasonable, sustainable levels. Some people would not be happy, but it might be best for the market overall. China is an economic giant locally and globally. With Cambodia resting midway between it and India, we are bound to be hit by any turbulence from either one, yet also buffered to some degree by the existence of the other. Adding more stability is Cambodia's membership in ASEAN and links to other markets, such as Australia. Nothing can completely shield Cambodia from the ups and downs of China's economy, but the recent drama proved to be more disconcerting than actually dislocating. Whether it is a bull market or a bear market, there are always some winners and some losers. As long as things keep humming along in the right direction overall, Cambodia should fair okay. The fundamentals here are pretty solid and many people are working hard to keep things going along in the right direction. We are cautiously optimistic about the foreseeable future.Want to learn more about investing in Cambodia?

Official Property Portal Sponsor, Realestate.com.kh, in association with Entrepreneur Consulting, brings you REMOC2016: Real Estate Market & Outlook Conference 2016.At REMOC2016 - join this informative event to discover real estate market and property outlooks for 2016 and the years to come from a host of industry leaders... Speakers such as Mr. Kuy Vat, Chairman of CVEA and Century 21 Cambodia, Dr. Sopon Pornchokchai, Ph.D., D.FIABCI, CRS, MRICS, President of AREA, Bangkok, Mr. James Padden, Commercial Agency Manager at CBRE Cambodia & many, many more real estate experts discuss where the Cambodian market is heading, and how investors can find success in this fast growing marketplace.REGISTER TODAY - SPONSORSHIP OPPORTUNITIES STILL AVAILABLEREMOC2016 Agenda: Friday 1 April, 2016Morning Sessions: 8:30am to 12:00pm8:00am - 8:30am Arrivals of speakers, special guests, distinguished participants, and the invited media 8:30am - 8:40am Welcoming Speech, addressing opportunities and challenges for real estate industry for 2016 and the years to come Mr. Kuy Vat, Chairman of CVEA and Century 21 Cambodia8:40am - 9:00am Commentary Speech, addressing current situation of real estate market and suggestions for future improvement Mr. Kim Heang, president of CVEA, and General Director of Khmer Real Estate9:00am - 10:00am ASEAN Housing Market 2015 and Trends, Including Phnom Penh, Ho Chi Minh, Bangkok, Manila, and Jakarta Dr. Sopon Pornchokchai, Ph.D., D.FIABCI, CRS, MRICS, President of AREA, Bangkok, Thailand10:00am - 10:30am Coffee Break 10:30am - 11:15am Phnom Penh's Commercial Estate Market, with Most Stresses on Key Market Performances and Outlooks for Retail Sector and Office Space James Padden, Commercial Agency Manager at CBRE Cambodia11:15am - 12:00pm Phnom Penh Land Market, with Most Highlights on Market Prices, Zoning and Development Trends Mr. Sorn Seap, C.E.O., Key Real Estate Co., Ltd.12:00pm - 1:00pm Lunch Break - Buffet Afternoon Sessions: 1:00pm to 5:05pm1:00pm - 1:45pm Phnom Penh's Condominium Market and Trends, with Most Insights into Primary Market, Supply, Demand, and Key Successful Factors for Developers Mr. Chrek Soknim, C.E.O, Century 21 Mekong1:45pm - 2:30pm Industrial Estate Market, with Most Highlights on Supply, Demand, Market Performance, Zoning, and Future Trends, and Opportunities Mr. Hin Socheat, Research Director, Bonna Realty Group2:30pm - 3:15pm Phnom Penh's Serviced Apartment Market, Most Highlighting on Key Market Performance Indicators, Key Challenges as Condominiums Emerge, and Outlooks for the Sector To be confirmed... 3:15pm - 3:30pm Coffee Break 3:30pm - 4:15pm Situation of Valuation Industry in Cambodia, with Most Insights into Current Practices and Valuation in Risk Management for Banking Sector Mr. Sim Hoy Chhoung, C.E.O., VTrust Appraisal Co., Ltd.4:15pm - 5:00pm Macro Perspectives: Cambodia's Real Estate Industry 2015, with Most Highlights on Demographics, FDIs, Industry Performance, and Outlooks for 2016-2017 Mr. Hoem Seiha, Director of Research, VTrust Appraisal Co., Ltd.5:00pm - 5:05pm Group Photos & End of Program REGISTER TODAY - SPONSORSHIP OPPORTUNITIES STILL AVAILABLE

Jum reap sour! And welcome to another weekly Real Estate News Report brought to you by RealEstate.com.kh. The leader in real estate news in the Kingdom and the best place to find your new home.On this week’s show, we’re going to be speaking with Mr. In Sitha, Director of Business Development at VTrust Appraisal. Sitha has over 20 years experience in the real estate business in Cambodia and he now specializes in property development consultancy and real estate business development. He's also a renowned real estate teacher in real estate law and real estate practice. In this 6 Part series, we're going to get some tips for property developers and real estate businesses seeking to gain an edge when entering the Cambodian real estate market.PART 2: THE PROCESS TO START ANY DEVELOPMENT PROJECT IN CAMBODIA, FOR DEVELOPERS Missed part 1? View it here!Realestate.com.kh: For developers, when you meet the developer that's considering launching a project in Cambodia, can you briefly explain the process for starting a new development project in Cambodia? What do they need to do?In Sitha: Thank you, this is a good question as well. Most developers have to understand a few things when they decide to enter the Cambodian market. To start a new development project in Cambodia, number one, the developer must get the business license from the Ministry of CommerceRealestate.com.kh: Number one, business license. This takes how long?In Sitha: I'd say a few weeks, usually from one week to two weeks. Now everything's online so the developer can go to the website of the Ministry of Commerce and apply to get the business license.Realestate.com.kh: This process is much faster now?In Sitha: Yes, it is faster now. This is a new system for the Cambodian government so everything's online now.  Second, the developer needs to get permission from the General Department of Taxation. They have to apply to get VAT number and tax patent. You can also apply for tax patent online. The developers then apply to get the construction license from the Ministry of Land Management Urban Planning and Construction.Realestate.com.kh: The construction license, that's general - or you take a different license for different type of projects?In Sitha: Actually, it will be specific in regards to the size and type of the development. And we have specific periods. Realestate.com.kh: And if they don't complete the comstruction in a certain time?In Sitha: They can extend. At the same time the developers are applying to get the construction license, they need permission for their project from the Ministry of Economy and Finance as well. The same registration applies for a developer as applies to a real estate agency. In the real estate business, first we have to apply to get the business license from the Ministry of Commerce and then get the Tax Patent. Then we have to apply to get our license and certificate from the Ministry of Economy and Finance for the specific professional field as a developer, agent and property manager in some cases. The developer is no different, and needs to get licensed for any type of business it undertakes.Realestate.com.kh: So the developer, they need to apply for a license to sell their property also? They need to apply for a real estate license?In Sitha: Yes they do.Number five in the process is that  the developers have to prepare the master plan for the development project, and submit this to the Ministry of Land Management Urban Planning and Construction and wait for the approval. After the approval, the Ministry of Land Management provide construction permission. Developers then can start the development project at the site that they propose. Realestate.com.kh: Roughly how long does it take to receive these permissions to begin? How fast could they do that?In Sitha: It takes a few months. It depends on how busy the government is. Some Months they are busy, like for the official meetings or something, so it takes a longer. Broadly, it's between one month and three months start to finish.Realestate.com.kh: When they submit the project plan to the government, how specific, how detailed does the plan need to be at this stage?In Sitha: They should include the floor plans as part of the master plan, in order for a professional architect from the land management ministry to check. Which means that before construction starts, developers have to prepare the master plan, the complete of construction prediction, and submit all information to the Ministry of Land Management.  The Ministry of Land Management will then check and verify whether it shall proceed.Realestate.com.kh: You must have a registered construction company in this plan?In Sitha: Yeah, yeah. It shall be under one company who can also be registered for construction, or in partnership with a separate registered construction company. Number six, in the process for a developer to start in Cambodia, the marketing and selling strategy is also important. How to do the marketing and how to sell your type of development in Cambodia. Many developer don’t pay enough attention to this. It's all about the marketing. I say developers need to do the market research and see whether the project could be a healthy seller in this market. And don’t wait until after the construction to do this! Can customers buy or not? And research the right price or something like that. The developer needs to understand the market price, and likely changes, which means the price that could be affordable to the customer compared to the neighboring development projects. My company, VTrust Appraisal, are specialists in research and market study. We are an independent organization that can bring a lot of useful knowledge to those considering development projects. [caption id="attachment_81203" align="alignleft" width="300"] The Ministry of Land Management Construction and Urban Planning, Phnom Penh.[/caption] Realestate.com.kh: The developer can sell 70% of a condo project to foreigners right?In Sitha: Of course, developers can sell 70% to the foreigner owners.Number eight, in the process for a new developer, is to select the right type of customer to sell your units to. Not all customers are the same, and not all will suit your development. It depends on how much is the unit price for each condo. And this depends on the area, and whether you want to target local or  international customers. It is a very good time, and a good opportunity for the developer to join in the condo development in this country. Number nine, in the start-up process for any developer is finding referral agents.Realestate.com.kh: When you say referral agents, you mean the developer has one agency working exclusively for them and then referral agents, all those other agencies who can co-sell and refer clients.In Sitha: Yes, you see, the CVEA (the Cambodian Valuers and Estate Agent Association) can be extremely useful for this because they are the mother of the real estate companies within Cambodia, the big umbrella of the industry - and the CVEA has a lot of real estate members.Realestate.com.kh: They're very interested to meet new developments?In Sitha: The real estate agents in the CVEA are professional, and they are well known, so the developer can get them to help out in selling the project as referral agents. They will share information among all members. Ten, the last point, cooperate for home loan options from the banking sector. To invest in the property I believe that we cannot have 100 percent of the money to own the properties. Now the banking sector in Cambodia generally provide home loans to the real estate developer up to 70%. To invest in property in this community, we use 70% of our own investment and the other, 70% or more from home loans. Everything they have to set part with the bank. Could be the reliable bank for the coverage in terms of loan financing. Loving it? Then you should watch part 3 now:WHAT ARE BEST AREAS TO BUY DEVELOPMENT LAND IN PHNOM PENH

Jum reap sour! And welcome to another weekly Real Estate News Report brought to you by RealEstate.com.kh. The leader in real estate news in the Kingdom and the best place to find your new home.On this week’s show, we’re going to be speaking with Mr. In Sitha, Director of Business Development at VTrust Appraisal. Sitha has over 20 years experience in the real estate business in Cambodia and he now specializes in property development consultancy and real estate business development. He's also a renowned real estate teacher in real estate law and real estate practice. In this 6 Part series, we're going to get some tips for property developers and real estate businesses seeking to gain an edge when entering the Cambodian real estate market.PART 1: WHY PROPERTY DEVELOPERS AND INVESTORS ARE INCREASINGLY LOOKING TO CAMBODIARealestate.com.kh: Mr. Sitha, I understand you have a lot of experience in advising property developers in Cambodia. What do you believe is driving the current high levels of property develop in the country now, in Phnom Penh in particular? Why do people want to invest in Cambodia?In Sitha: Well, thank you for your excellent question. In Cambodia now, the business opportunity is good compared to the late 90s. You see when the country and the world had the economic crisis. After 2009, the market is better and better. More foreign investors are looking to this market. Most from China, Hong Kong, Malaysia, Japan, America and local developers. All these people are looking to invest in Cambodia.Come to the questions. What drives the property development in the country currently? I think the investors themselves firstly have to have unlimited/sufficient investment capital for the investments in Cambodia, meaning they can’t enter without foresight. Number two, the investment projects licensing fees must be taken into consideration. Number three, investors must choose the right locations given their target market and budget, so location is also the most important to set up the development project. I think the central city is the best location at present, and also in the peninsula areas, or the other side of the river, if you're talking by areas.Realestate.com.kh: Why's that?In Sitha: Actually in Chroy Changvar the environment is good. The heart of the land between the Rivers is very beautiful, ideal to build a hotel or condo development. Realestate.com.kh: The infrastructure's really improving that side of the river now? [caption id="attachment_81189" align="alignleft" width="278"] Mr. In Sitha, Director of Business Development at VTrust Appraisal.[/caption] In Sitha: Yeah. A developer could build high rise buildings without limitations in this location as there are still no restrictions in the Chroy Changvar  area, which means we could build high as long as they maintain construction qualities. Construction qualities that I just mentioned are also an important consideration for the investor. Quality construction ensures a project will have a long lifetime in the market. Number four, company brand name and reputation is also very important to this industry. Any new developer in the Cambodian market must build its brand reputation also. So how to build our brand name? My recommendation is to make a joint venture agreement with a good quality construction company and an experienced development company - preferably with experience in multiple international markets. Number six, you need to understand what is the competitive price in the market for a project like you are looking at. This means understanding the market price. It should in line with demand in the locality as well as considering what is reasonable for the foreign investor coming to our market as well.Number seven. You must consider the marketing tools you will use to expose your development project. I think RealEstate.com.kh is the one of the best digital marketing options for them to choose.Loving it? Then you should watch part 2 now: THE PROCESS TO START ANY DEVELOPMENT PROJECT IN CAMBODIA, FOR DEVELOPERS

CBRE Hong Kong has released a new report that charts Asian outbound investment in real estate in 2015. ​Asian outbound investment has seen another record year for 2015, reaching US$62.4 billion.And the Cambodian real estate market are drawing some of this capital.  Chris Hobden, Manager of Research, Consulting & Valuation Services at CBRE Cambodia notes that, "while 2015 saw a significant increase in allocations of Asian outbound capital beyond the Asia Pacific region, Cambodia has evidently benefited from the growing appetite of both developers and investors, notably from China, Singapore, South Korea and Taiwan, to expand development activity and holdings beyond their respective domestic markets. With sustained GDP growth, attractive returns and the widespread adoption of the US dollar, Cambodia is well placed to attract continued real estate investment from the wider region over the course of 2016."   [caption id="attachment_81159" align="alignleft" width="226"] Chris Hobden, Manager of Research, Consulting & Valuation Services at CBRE Cambodia[/caption] Key highlights of the CBRE Hong Kong report: Asian outbound real estate investment reached another record high year in 2015, standing at US$62.4 billion—a 37% year-on-year increase.   Underpinned by more active institutional investors from Singapore and China, 2015 saw a significant increase in big ticket transactions (deal size worth over US$500 million; up 167% year-on-year) and portfolio transactions (accounting for 28% of total Asian outbound investment turnover, up from 16% in 2014).   Active sources of capital continued to be led by Singapore, China and Hong Kong, with an increase of outbound capital deployment at 58%, 41% and 49% year-on-year, respectively.   Outbound investment into major gateway cities were more diversified. London, as the top destination of Asian investors, has contributed to a lower portion of outbound investment, decreasing from 17% in 2014 to 13% in 2015. On the contrary, other major gateway cities such as New York, Sydney, Shanghai and Hong Kong have all received a higher proportion of Asian investments in 2015.   The Americas have overtaken EMEA to become the top region attracting the largest share of Asian outbound investment, reaching US$22.4 billion (up 109% year-on-year). The Pacific region also saw significant increase of Asian investment (up 45% year-on-year). Meanwhile, growth rates in EMEA (up 7% year-on-year) and within Asia (up 12% year-on-year) are relatively moderate.