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Your Holiday Home Is Ready, Take a Tour at the EXPO 2022 with Century 21 Cambodia & more
Your Holiday Home Is Ready, Take a Tour at the EXPO 2022 with Century 21 Cambodia & more
June 27, 2022, 9:09 a.m.
Property Reviews
Realestate News
In line with an increased domestic tourism, Cambodian property seekers have been snatching up holiday homes all over the country! And Realestate.com.kh, the country’s largest online classifieds portal is giving you the chance to own your very own holiday home at the best prices - only at the Realestate.com.kh EXPO 2022!Holiday Homes at the Expo 2022Cambodia’s countryside is seeing increased development in terms of residential choices that take advantage and at the same time, preserve the environment that has made its holiday homes popular. The leading Developers of these holiday getaways are a welcomed addition to the 2022 EXPO and below are some of the most popular properties that are currently on the market.Golf HarmonyGolf Harmony is a Luxury Holiday Villa development in Phary Village, Prey Thnong Commune, Teuk Chhou District, Kampot town, secretly tucked in the midst of the Kampot valley, well hidden and surrounded by a green lush forest. By combining an extraordinary landscape with modern and quality edifices, Gold Harmony aims to show a new level of quality living for EXPO 2022 Attendees.Developer/Project Highlights HighlightsNew project in the serene town of KampotPinnacle of luxury living with high-class villas and amenities including a private golf courseMixed-used development with both villas and apartments availableOasis HarmonyOasis Harmony is a new breed of holiday villas that allow for a luxury lifestyle in Cambodia's most serene province: Kampot. With only 72 villas constructed, it's an exclusive neighbourhood with high-class amenities such as horse riding. This year, they are offering limited-time deals for attendees of the EXPO 2022.Developer/Project Highlights HighlightsExclusive and high-class neighbourhood with Grade A amenitiesProperties are treated to views of the lake and mountainsPlatinum CoastPlatinum Coast is a new development coming to Sihanoukville. Much like it namesake, Platinum Coast is a project looking to transform Ream, Sihanoukville into a high-class getaway filled with seaside amenities. They will be showcasing several of their offers to attendees of the EXPO 2022.Developer/Project Highlights HighlightsHigh-class project with similar quality amenities for a luxury countryside getawayLocated in Ream near the port town of Sihanoukville, a major residential and commercial centre in Southern CambodiaStar BayStar Bay Cambodia is one of the projects that best represent the advent of modern seaside developments in the Kingdom’s booming real estate sector. Star Bay's properties have been a symbol of investing and developing a sophisticated project in the fast-growing city of Sihanoukville. From the bottom to the top, Star Bay is carefully crafted to be everyone's dream home. And this year, Star Bay is offering exclusive deals and sneak peeks into what's coming - only for EXPO 2022 attendees!Developer/Project Highlights HighlightsOne of the biggest and newest prime developments in SihanoukvilleResort-style living available for investors and buyersComplete seaside amenities close to urban conveniencesCoastal CityThe development of Stardream Lake Tourism Town covers an area of 248 hectares of land which is planned to include an ecological park and two lakes in the future. The project will be built after the completion of its green spaces, natural ecology, and pristine beaches to lay the foundations of an entrepreneurial community and leisure tourism. Attendees at the EXPO 2022 will get a preview of what’s coming for Coastal City!Developer/Project Highlights HighlightsLocated in Botum Sakor, Koh Kong, another of Cambodia’s ecologically diverse provincesLarge-scale development complete with different styles of homes availablePristine green surroundings not seen anywhere else in CambodiaGet the chance to directly talk to developers and snag a deal of a lifetime this EXPO 2022 happening this July 2 to 3 at the Premier Centre Sen Sok. Register now!EXPO 2022 Registration Portal
Project Highlight: Best Projects for Investment in Cambodia
Project Highlight: Best Projects for Investment in Cambodia
June 17, 2022, 1:42 a.m.
Property Reviews
Cambodia’s property market is ripe with investment opportunities and these opportunities are closing fast! Realestate.com.kh is giving you a shortlist of the best properties for investment so you can get started in riding South East Asia’s fastest-growing property market.Angkor Grace Residence & Wellness ResortAngkor Grace Residence & Wellness Resort is a resort getaway that puts an emphasis on providing the utmost comfort to visitors through its fully-fitted residential units available for a unique investment opportunity.As with any resort getaway, Angkor Grace Residence & Wellness Resort put an emphasis on providing the utmost comfort to visitors through its fully-fitted 60 residential units available for a unique investment opportunity. Each unit has a generous space ranging from 120 sqm to 240 sqm where visitors can immediately feel at home. Some units even have a private rooftop/terrace where visitors can host small-medium intimate gatherings, making any length of stay memorable and worthwhile.Project Highlights:Starting Price: $178,000Location: Svay Dankum, Siem ReapThe first condo-resort in Siem ReapThe premier green-focus project in Siem ReapQuality residences by one of Cambodia's reputable companies with premium amenities to provide a serene and memorable stay75% Guaranteed Rental Returns over 10 yearsLocation Highlights:Located in an area popular among expatriates for its proximity to the city centreSurrounded by plenty of greenery, a serene set of surroundings only found in Siem ReapAngkor Grace Property ListingFlatiron by MeridianFlatiron By Meridian, an award-winning freehold mix-used development houses grade A office and Apart’Hotel managed by Citadines, a leading International serviced residence owner-operator which is a subsidiary of Capitaland, retails and reputable F&Bs restaurant & café managed by Thalias Group, nestled in the heart of Phnom Penh city centre (Beoung Kak Land). Inspired by New York’s greatest architecture, Flatiron, Meridian International Holding delivers the same quality building in the capital of Cambodia.Flatiron By Meridian offers a great rental return to investors of 85 - 95% Guaranteed Rental Return Over 10 Years and flexible payment options. Grade A office spaces are currently available for leasing.Project Highlights:Starting Price: $250,000Location: Daun Penh, Phnom PenhOne of the premier freehold properties in Phnom Penh’s Central Business DistrictA truly modern age development with a full glass structure and state-of-the-art interior facilitiesApartment-hotel section is managed by Citadines, bringing world-class management to Cambodia’s CBDHigh return on investment expected due to CBD location and popularity among high net-worth individuals and corporate tenantsLocation Highlights:Located in Daun Penh’s de factor business park surrounded by land earmarked for high-end residential and commercial developmentsCentral location makes going around Phnom Penh easy and hassle-freeFlatiron By Meridian Property ListingLe Condé BKK1Phnom Penh’s rise as an upcoming real estate hub is attracting all sorts of new and innovative developments; products of decades worth of technological advancement. But amidst the flurry of buildings popping into the city’s growing skyline, very few compare to the technological marvels in the Le Conde BKK1.Le Conde itself stands at the center of this vibrant neighborhood through its iconic design, interior finishing, and of course, implementation of smart home technology. Guaranteed rental return up to 3 years at the annual interest rate of 8%.Project Highlights:Starting Price: $127,900Location: BKK1, Phnom PenhThe premier residential choice when it comes to smart home technologyProperty management by Hopetree Japan, bringing Japanese property management expertise into Phnom PenhMultiple facilities available for residents looking to complement their lifestyle in Phnom Penh’s CBDLocation Highlights:Located in BKK1 where popular restaurants, shops, markets, and international schools are.BKK1 is where some multinational companies, embassies, and NGOs are also headquarteredLe Condé BKK1 Property Listing
Project Highlights: Phnom Penh’s Best-Value Properties Today
Project Highlights: Phnom Penh’s Best-Value Properties Today
June 17, 2022, 1:41 a.m.
Property Reviews
Modern developments in Cambodia are often associated with high prices that increase every year. But with Realestate.com.kh, you’re bound to find the best affordable properties in the best neighbourhoods in town. This article on the Best-Value Properties will help you find 3 of these properties today!WorldBridge Sport VillageThe WorldBridge Sport Village is one of the most unique and exciting residential projects soon coming to Phnom Penh. The project is a massive undertaking near the Morodok Techo National Sports Complex, Cambodia’s first modern multipurpose and international standards sports facility designed to host the participants of the 2023 Southeast Asian Games.Upon completion in 2023, the WorldBridge Sport Village is set to become the finest residential choice for any individual/family looking for a comfortable suburban living experience with all the facilities that support an active and sporty lifestyle - all offered as one of the best-value property investments in Phnom Penh to-date!Project Highlights:Starting Price: $66,800Location: Chroy Changvar, Phnom PenhMixed-use development to feature both landed residential properties such as shophouses, linked houses villas, high-rise condominiums and commercial areasThe first-ever sports village in Cambodia, offering residents a wide range of sporting facilitiesAdjacent to Morodok Techo National Stadium, one of the newest modern stadiums in the world and the venue for the upcoming SEA Games 2023Location Highlights:Chroy Changvar is Phnom Penh’s up-and-coming district earmarked for several private residential developmentsCommercial projects are also coming to meet the growing demand for retailers in the districtA peninsular district is known for its greeneries and breeze coming from the two rivers flanking Chroy ChangvarWorldBridge Sport Village Property ListingResidence H CambodiaThe Residence H Cambodia is a condominium project with 28 storeys built on the concept of “The Gracefulness of Living Life”. The building is set to be a shining landmark development in Phnom Penh’s biggest residential district: Sen Sok.Its location in the Sen Sok district makes it a prime and exclusive development conveniently alongside access roads to the international airport and all major commercial and business areas throughout the capital city.Project Highlights:Starting Price: $47,520Location: Sen Sok, Phnom PenhAffordable project yet high-quality project in Phnom Penh’s biggest residential districtLocated near many commercial hotspots such as Eden Mall and TK AvenueMore-than-adequate spaces from a variety of unit types.Location Highlights:Sen Sok is a fast-urbanizing district with plenty of infrastructure to support its growing residential and commercial developmentsLocated in a large district with roads leading to CBD and International AirportResidence H Sen Sok Property ListingPARC 21 ResidenceThe PARC 21 Residence is a new 132-unit development in Boeung Trabek, Chamkarmon. Its location is a high-traffic area near the popular Toul Tompoung Market (Russian Market) known for its many shops and restaurants and close to two major roads: Preah Monivong and Mao Tse Tong Boulevard, both roads leading to central business districts like BKK1 and Daun Penh, and to developing areas like Sen Sok, Chbar Ampov, and Meanchey.Project Highlights:Starting Price: $78,980Location: Chamkarmon, Phnom PenhThis project is located near 2 major road arteries in Phnom Penh: Mao Tse Tung Boulevard and Preah MonivongSingaporean-inspired project, highlighting efficient use of space in a highly-populated area in Phnom PenhLocation Highlights:Chamkarmon is considered a Tier 2 location, properties are offered at significantly better prices and still enjoy access to CBD and many other modern urban city staples.Dozens of international schools nearby perfect for local and expatriate familiesSurrounded by markets (Russian Market) and shopping malls nearby (Chip Mong Noro Mall and AEON Mall 1)PARC 21 Residence Property Listing
Get To Know Phnom Penh’s Premier Riverfront Properties
Get To Know Phnom Penh’s Premier Riverfront Properties
June 15, 2022, 12:18 p.m.
Property Reviews
Phnom Penh’s Tonle Sap and Mekong Rivers have provided much for the city for hundreds of years. And today, the mighty rivers serve another purpose: becoming a lynchpin to the city’s real estate appeal! Realestate.com.kh presents Phnom Penh’s premier riverfront properties today:Vue AstonVue Aston is a premier waterfront property in one of Phnom Penh's up-and-coming districts. Having recently started construction in 2020, it will feature modern residential technologies complemented by a scenic view of the mighty Mekong River.Vue Aston located along the riverside in Norea Island earmarked to be a new satellite city in Phnom Penh: The Koh Norea Satellite City developed by the OCIC to the tune of $2 billion. The Vue Aston will additionally be connected to Koh Pich (Diamond Island) via a bridge to be completed in 2023.Vue Aston provides five different unit types such as studio, one-bedroom, two-bedroom, three-bedroom, and four-bedroom units with sizes ranging from 39.69 to 91.42 square meters. This premium project provides numerous amenities supporting a comfortable lifestyle including an infinity pool, a sky bar, a gymnastic, a sauna and spa, a V-club, lobby areas, parking areas, restaurants, and convenience stores, concierge services, lounges, a library, a private cinema, and housekeeping services.Project HighlightsStarting Price: $77,362Modern waterfront condominium project located by Phnom Penh's riversOffering a variety of units types from studio to four bedroomsPremium residences complemented by amenities such as gym, sauna and an infinity pool with a majestic view of the MekongDirectly adjacent to the upcoming bridge connecting Vue Aston to Phnom Penh's CBDLocation HighlightsLocated in the popular Chbar Ampov district next to a major satellite city developmentA few minutes away from AEON 1 Mall, international schools, banks, embassies, offices and entertainment venuesConsidered as a landmark development in Chbar AmpovLearn More About Vue AstonMorgan EnMaisonMorgan EnMaison is a new waterfront development located along the Mekong River Road in Phnom Penh’s Chroy Changvar district. Developed by Morganford Investment (Cambodia) Co., Ltd, a multi-awarded property developer in Cambodia, the Morgan EnMaison is the latest of a line of premium Cambodian properties soon coming on the market.Morgan EnMaison is one of the handful of developments that will have a private helipad on the 220-metre high rooftop. There will also be a multi-level luxury sky club that will give a unique appeal to the skyline. Morgan EnMaison also boasts a private yacht marina.Morgan EnMaison's complex boasts five modern buildings sitting in a horseshoe-shaped arrangement on a land area of 2.4 hectares. The complex hosts a total floor area of over 400,000 sqm. The five buildings will embrace an ecological landscape garden and water features spanning nearly 10,000 sqm. This will be a large community living in harmony. The marina and a 200-metre riverside walking path are both leisure destinations.Project HighlightsStarting Price: $80,000Large waterfront residential development in Chroy ChangvarRecognized for its generously spaced loft units with plenty of natural lightEnjoy river views and river breeze from the comfort of your own homeLocation HighlightsLocated in the Chroy Changvar area by the Mekong riverSurrounded by numerous housing and commercial developments, Chroy Changvar is one of fastest-growing districts in Phnom PenhMorgan EnMaison is built by a multi-awarded brand developer with a portfolio of completed projectsLearn More About Morgan EnMaisonWealth MansionWealth Mansion is a 45-storey condominium that began construction in June 2019 and is scheduled for completion in Q2 2023. The projects is accessible via the High School road and Tonle Sap street, roads that are commonly used as they connect Wealth Mansion to the Cambodian-Japanese Friendship Bridge and wider locations in downtown Phnom Penh. The immediate vicinity of the development site predominantly consists of a mix of low-rise residential dwellings luxurious villas, mid-range landed boreys, and high-rise residential developments and has been eyed by several commercial developers for its magnetic appeal among the growing Cambodian middle-class.Wealth Mansion's design an aesthetic and practical functions floor plan and layout which enables the residents to experience a comfortable lifestyle. The units in the entire development are fully furnished and equipped with modern fittings and fixtures that best capture the future of high-rise residential living in the Kingdom's capital.Wealth Mansion complements its modern residential units with first-class facilities and amenities to support the luxurious living of the residents including a fitness center, a luxurious spa, a spacious infinity sky pool, fine dining restaurants, a multi-function conference hall, a front desk, and security services, security cameras, lifts, fire safety equipment, and spacious parking lots.Project HighlightsStarting Price: $111,50045-storey luxury mixed-use waterfront development with spacious office spaces and residential unitsFully furnished units equipped with high-quality modern decor and fixturesScheduled to be completed in Q2 2023Location HighlightsLocated in Chroy Changvar, a fast-growing residential district in Phnom PenhUnique 360 degrees view of both Tonle Sap and the Mekong RiverLearn More About Wealth Mansion
Understanding property titles in Cambodia
Understanding property titles in Cambodia
June 7, 2022, 6:29 a.m.
Property Reviews
Property Buyers & Sellers Advice
(The Ministry of Land Management, Urban Planning and Construction / Phan Soumy)What is a property title?A title or ‘deed’ is an official document confirming who owns the property, its location, and what rights the property owner enjoys. It should be noted that a significant percentage of land in Cambodia is not registered with the National Land Office and has no official land title certificate to secure the land on behalf of the owner.During the civil war period between 1975 and 1979, all Cambodian land title records were destroyed. This made any definitive proof of property ownership impossible after the war. A land law was passed in 1992 to establish the groundwork for land ownership, but it wasn't until its 2001 revision that allowed private ownership of land in Cambodia. The 2001 Land Law allowed for the creation of a land registry system enabling the issuance of Cambodia land titles. To date, over two million Cambodian land titles have been issued to citizens.Property ownership can now be secured by one of three forms of Cambodia land title: Hard title, Soft title, and Private Ownership in Co-owned Buildings – also known as Strata Title. In addition, an LMAP title is also now available.One of the most frequently asked questions is "Can foreigners own land or landed property in Cambodia?" The quick answer is No. The Cambodian Constitution prohibits foreign nationals from owning land and landed properties in the country.There are, however, indirect mechanisms of "ownership" such as the Nominee structure and Land concessions for development. Visit our guide to Property Ownership Mechanisms for Foreigners in Cambodia for more information.Hard Title in CambodiaHard titles are the most secure proof of property ownership and are considered the best Cambodian land title.Hard titles are certification of ownership provided by the Cambodian Land Management and Planning office. Hard Titles also include detailed information recognised and certified at a national level by the Ministry of Land and the Cadastral Office. It should be noted that a transfer tax applies when hard title transactions occur.A quick summary of what is a Hard Title in Cambodia:The Hard title is the strongest form of property ownership in Cambodia.In the rare occurrence that a disputed land has both a Hard Title and a Soft Title, the owner of the Hard Title will win the dispute.A Hard title is a land ownership certificate provided by the Land Management and Planning office.Hard titles contain detailed information that has been duly recognised and certified at a national level with the Ministry of Land and the concerned cadastral office.A Transfer tax of 4% per cent will be paid based on the total property value upon the facilitation of the Hard Title transfer.The facilitation of a Hard Title transfer usually takes up to 12 weeks.Foreign nationals are constitutionally prohibited from obtaining Hard Titles. By extension, this prohibits foreign nationals from owning land and landed properties in Cambodia.Soft Title in CambodiaA Soft Title is the most commonly issued Cambodian land title. The Soft Title, however, is only recognised at the local government level. Soft titles are provided at the local Sangkat or district office and are not registered at a national level.The Sangkat (commune) or Phum (village) chief will issue a letter of possessory rights, which refers to the right of “possession” of property. A person is in “possession” of the property when she/he physically occupies the property but is not the owner of the land as recognised by the authority.Although not as secure as a Hard title, they are still considered evidence of possession. Historically, many land transactions have occurred as soft titles to avoid transfer taxes and fees. However, most new major developments are being transacted with hard titlesA quick summary of what is a Soft Title in Cambodia:A Soft Title is the most common form of ownership and the most commonly issued Cambodian land title as the transfer taxes and fees are cheaper than a Hard Title.It is estimated that 85% of Cambodian property owners only have Soft Titles to back up their property claims.It is a Cambodian land title that is recognised at the local government level (Sangkats & Khans).Soft Titles are provided by the local Sangkat or District office and are not registered at a national level - but are still considered a valid legal document of ownership. Soft Titles are relatively cheaper and quicker to acquire for Cambodians.Estimated to take anywhere between 10 to 12 working days to process.Foreign nationals are prohibited from owning a Soft Title. By extension, this prohibits foreign nationals from owning land and landed properties in CambodiaCambodian Strata TitlePrivate ownership in co-owned (strata) buildings is a recently introduced form of property title that also allows foreigners to legally own property in Cambodia.Co-owned buildings or Strata-titled buildings are defined as buildings in which several owners reside, consisting of some parts that are the exclusive ownership of each co-owner (private units), and some other parts that are common spaces for the common use of co-owners (common areas).A quick summary of what a Strata Title in Cambodia is:A Strata Title is a special title commonly used for condo unit purchases that is available to both Cambodian nationals and foreign nationals.There are other mechanisms not necessarily involving a Strata Title available for property ownership for Foreign nationals which you can see in our investment guide.Strata Titles can only be granted if the property in question satisfies these criteria: Only applicable to buildings constructed in 2010 and beyond.Foreigners can only own 70% of the total surface area of the building or property.Strata Titles cannot be issued for properties on the ground floor and/or underground.Strata Titles cannot be issued for any property within 30km of the nearest land border.Private Ownership in co-owned buildings (also known as Strata Title) is the most recent form of ownership and allows foreigners to legally own property in Cambodia.Strata Title is a less common Cambodia land title, but the numbers issued are growing fast.Most new condo development projects offer this type of title to accommodate foreign demand to own property in Cambodia.The Law on Foreign Ownership’ was promulgated on 24 May 2010. This law limits foreign ownership to co-owned buildings. Foreigners still cannot own land, as it is unconstitutional.Strata Titles are issued by the Ministry of Land Management, Urban Planning, and Construction. This means Strata Titles are recognized on a national level.A Transfer tax of 4% percent will be paid based on the total property value upon the facilitation of the Strata Title transfer.LMAP Title in CambodiaTo improve land tenure security, a titling system called LMAP (Land Management and Administration Project) has been introduced in Cambodia.Based on official GPS coordinates, land plots are being registered throughout the country. Should an LMAP title exist for your property already, the borders have been agreed upon between neighbouring parties and are less prone to dispute.A quick summary of what is an LMAP Title in Cambodia:The LMAP Title is another property ownership title issued and recognised on a national level by the Ministry of Land Management, Urban Planning and Construction (MLMUPC) - along with the relevant cadastral offices.The main difference between the LMAP Title from a Hard Title is its inclusion of the exact GPS coordinates that determine the boundaries of the property in question.LMAP Titles can only be obtained on land that has been indexed on a cadastral map. So, if a plot of land has not yet been indexed, the LMAP Title cannot be issued for that property.If the MLMUPC is presently undergoing the necessary LMAP titling process in your village or area where you live, this means you only need to follow what your local authority informs you to do once the project is completed. It is their obligation to communicate with you.It is possible to own a Hard Title without an LMAP Title due to the above-mentioned limitation.A Transfer tax of 4% per cent will be paid based on the total property value upon the facilitation of the LMAP Title transfer.Foreign nationals are not permitted to own an LMAP title. By extension, this prohibits foreign nationals from owning land and landed properties in Cambodia.How to Transfer A Property Title in CambodiaWhen you purchase property or land in Cambodia, it is critical to obtain outright ownership in order to feel secure about your new asset. To complete the process for transferring land titles of ownership, there are particular steps that need to be followed, documents that need to be obtained, as well as the necessary consultations with relevant agencies.Step 1: Verify the title certificate with the relevant Land OfficeThe buyer will first need to verify the land title certificate with the Land Office at the Ministry of Land Management, Urban Planning and Construction (MLMUPC), to check for any debts or other claims to the property.This process requires:The buyer must obtain the original title certificate from the seller to verify their genuine ownership.The buyer will then verify the title certificate with the Land Office at the MLMUPC.The Land Office will inform the buyer if there are any liens (debts), mortgages, or other claims registered to that property.Relevant Government Agency: Land Office at MLMUPCEstimated time to completion: This takes approximately 10 days (should occur simultaneously to steps 2 and 3)Step 2: Obtain information on the propertyThe buyer must then obtain information on the property from the relevant Commune Council Official. This involves the buyer contacting the village chief or the Commune Council Official in which the property is located to obtain information about the land/property. In addition to this, an official search of the title should take place at the Khan/District Land Office.Relevant Government Agency: Commune Council (Relevant District/Khan office in your property’s area)Estimated time to completion: This should take approximately 10 days (we advise that this be done in parallel to Steps 1 and 3)Step 3: Obtain the certificate of incorporation and official documents from the sellerIf the landowner is a legal entity, the buyer must obtain;A copy of the ID of the shareholder, or person acting on behalf of the company.A certified/notarised copy of the Certificate of Incorporation of the seller’s company as issued by the Ministry of Commerce.Any other official documents from the seller relating to the company and the transaction.All of these documents are needed to verify the accuracy and identity of the company name appearing on the title certificate. Further documents needed to verify the seller’s authorisation to transfer the property to the buyer are;A special power of attorney.A Resolution signed by the Board of Directors from that company authorising the named individual (seller) to represent the company at the Land Office (MLMUPC).A power of attorney specifically stating that the seller can bring into effect that Resolution to transfer land titles of ownership to the buyer.Relevant Government Agency: Ministry of CommerceEstimated time to completion: This process should take around 10 days (should occur simultaneously with steps 1 and 2)Step 4: Apply for registration at the District Land Office (MLMUPC)When the buyer and seller, whether they are as an individual or a company wish to complete the property transaction, they must go together to the District Land Office at the MLMUPC to arrange, prepare, and sign the relevant documents.The documentation needed for this step is:The Company’s statute.The Company’s Certificate of Incorporation (obtained in Step 3).Both of the Power of Attorney documents (obtained in Step 3).The original Title Certificate held by the seller must be presented to the District Land Office at the time of signing the deed, in order to have the name of the new owner officially inserted on the document.Relevant Government Agency: District Land Office, MLMUPC (District Land Office of the Ministry of Land Management, Urban Planning & Construction)Estimated time to complete the step: This step takes between 20 and 30 days.Step 5: Pay transfer taxA transfer tax of approximately 4 per cent of the total value of the property is paid to the Ministry of Economy and Finance at the General Department of Taxation, in the district that the transferred property resides. A tax receipt is then issued to prove that the property transfer tax has been paid.In Phnom Penh, however, this tax is not assessed based on the true transacted value of the property; but, rather, based on a schedule of the price of property determined by the Phnom Penh Municipality. The assessed valuation by the Phnom Penh Municipality is based upon factors such as; the total number of square meters, the land’s location, use, potential use, and other variables.To put this quite simply the transfer tax is not based on the actual price of the land which is sold, which is usually the case, rather it is based on the assessed value made by the Phnom Penh Municipal office, which may be higher than the tax rates in other provinces.If the land is more than 1200 sqm, the surplus of the land will also be subject to “unused land tax.” For land less than 1200 sqm, the unused land tax is not applicable. The time for the General Department of Taxation to complete the calculation of transfer tax will depend on the location of the land and its size.Relevant Government Agency: General Department of TaxationEstimated time to complete the step: This process should take around 1 dayStep 6: Return to the cadastral office to complete the registration processAfter all relevant taxes are paid, the parties may return to the cadastral office at the District Land Office of the Ministry of Land Management, Urban Planning & Construction (MLMUPC) and sign/thumbprint an MLMUPC form for buying/selling real property, as filled in by MLMUPC official.The signing/thumbprinting must be witnessed by a local authority such as the commune chief, who will also give their thumbprint. These procedures are based on Land Law Articles; 65, 244 and 245. Land Law Article 69 bars the transfer of property unless all necessary taxes are paid. The documentation provided should include payment receipts of the transfer tax (obtained in Step 5).Step 7: Obtain the certificate of title from the Municipal Land OfficeObtain the certificate of title from the Municipal Land Office: The Khan/District land office forwards all the “transfer documents” to the Municipal Land Office where it issues the final Certificate of Title in the new owner’s name. It is now registered.Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now!Article by:
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What Is Maintenance Fee?
What Is Maintenance Fee?
September 5, 2023, 6:50 a.m.
Property Reviews
Realestate News
Homeownership comes with a range of financial responsibilities beyond the initial purchase price. One aspect that homeowners often encounter is maintenance fees. In this article, we will explain the concept of maintenance fees and general costs in Cambodia.What Is Maintenance Fee?Also known as service charges or due, these are recurring payments that individuals or entities make to cover the costs associated with maintaining and managing a property, service, or asset. These fees are often used to support ongoing operational expenses, repairs, upgrades, and other essential services. Maintenance fees can be charged on a monthly, quarterly, or annual basis, depending on the arrangement. In the context of homeownership, maintenance fees are typically associated with condominiums and boreys. Residents pay these fees to cover the upkeep of common areas such as landscaping, swimming pools, elevators, and security services. This allows property owners to collectively maintain the shared facilities and services that enhance their quality of living.  In Cambodia, fees go towards hiring property management companies to oversee the day-to-day operations, address resident concerns, and enforce community rules.How Is the Maintenance Fee Calculated?While a one-size-fits-all formula for calculating maintenance fees doesn't exist, the final expenses are influenced by several factors like the type of services provided (such as common area cleaning, lift maintenance, and security), the facilities available (such as pools and gyms), the size common areas, and the quality and quantity of services demanded by residents. For a condo, the fee ranges from $0.50 to $2 per square metre and for Borey, the maintenance fee will depend on the developer, some might include a security guard, landscaping and garbage collection in the project area. Why Is It Important to Regular Maintenance?Similar to any other asset, it's essential to recognise that a property will inevitably age over time. This ageing process can significantly impact its appreciation and value, especially if you intend to sell it. It's crucial to keep in mind that properties naturally undergo changes as they age. Consequently, it's worth considering the implementation of effective property management to oversee the maintenance of the property. This approach ensures that quality maintenance is consistently upheld. In conclusion, maintenance fees are a crucial aspect of homeownership within shared communities. While they represent an ongoing expense, maintenance fees contribute to the value and overall appeal of the property.If you are interested in learning more about properties in Cambodia, our real estate agents are ready to assist you. Contact us today. Click Here
Best serviced apartments for long-term stays in Phnom Penh
Best serviced apartments for long-term stays in Phnom Penh
June 7, 2022, 5:50 a.m.
Property Reviews
Comparisons
Property Buyers & Sellers Advice
(The living room of a serviced apartment in The Elysee in Koh Pich, Phnom Penh. Realestate.com.kh)Whether you’re a tourist, expat, or even a local, serviced apartments offer plenty of conveniences not often included in other real estate properties. The “serviced” in serviced apartments particularly appeal to tourists and expats looking to have quality-of-life conveniences “built-in” with their residence.Included services in these apartments usually range from weekly cleaning services, regular laundry services, consistent supply of drinking water, and even a full concierge service similar to hotels. It’s important to remember, however, that service offerings will vary from apartment to apartment. For a more detailed discussion of what you should expect from serviced apartments as a whole, you can check out this brief guide to what makes for a well-serviced apartment in Cambodia.For this guide, we will be talking about where you can find serviced apartments (and what’s included in each one) for a long-term stay in Cambodia.Where can I find serviced apartments in Cambodia?Serviced apartments in Cambodia are largely concentrated in Phnom Penh. According to Knight Frank, an international property consultancy firm, most serviced apartments can be found in the following districts: Boeung Keng Kang (BKK) with 35%, Chamkarmon with 20%, Daun Penh with 13%, and Toul Kork with 12%.If you’re looking for commercialized districts that come complete with modern city staples like shopping malls, markets, banks/ATMs, restaurants, cafes, convenience stores, and offices, you should be considering living in these areas as they make up the city centre of Phnom Penh.What serviced apartments are good for long-term stays?We’ve come up with a few of the best-serviced apartments in Phnom Penh well suited for a range of the tourist/expat market looking to stay long-term in Cambodia. This list is by no means all serviced apartments in Phnom Penh, but a shortlist of what best represents the serviced apartment sector of Cambodia’s advancing real estate market.Silvertown Metropolitan(An aerial view of Silvertown Metropolitan, one of Phnom Penh's upscale serviced apartments. Photo courtesy of Booking.com)Starting Rent: USD $1,000 per monthOfferings: 1 bedroom to 3 bedroomsSilvertown Metropolitan is a high-end development that offers luxury condos, studios, and serviced apartments in BKK1. Expats, most especially, will appreciate the comforts immediately available. And given Silvertown Metropolitan’s proximity to the Mao Tse Tung Boulevard, anyone staying here can easily find their way to wherever they need to go in the city.Their tagline of “bringing L.A. to Phnom Penh” becomes apparent once you see their offerings and accompanying price tags. Starting at $1,000 per month, Silvertown Metropolitan is one of the more upscale and expensive serviced apartments in Phnom Penh. But does its services justify its price? If money isn’t an object and you don’t want any punches pulled in city pampering, then it certainly does. Their services include a 24-hour full concierge, housekeeping, and high-speed WiFi. Each unit comes fully furnished with a complete kitchen and dining area, laundering facilities, a refrigerator, hairdryer, robes, cable TV, towels, linen, and A/C. All rooms are outfitted with modern furnishings popular in posh West Coast apartments. Amenities such as the rooftop pool and fitness centre are also available for use.(An image of a bedroom in Silvertown Metropolitan serviced apartments. Photo courtesy of Silvertowncambodia.com)But if you’re more into what it offers beyond its premises, then it doesn’t differ too much from the other serviced apartments mentioned in this guide. Silvertown Metropolitan is in the mid-point between Preah Norodom and Preah Monivong Boulevard and sits close to Mao Tse Tung Boulevard. All these roads lead to the popular spots in BKK1, the Russian Market, and Riverside in Daun Penh.Silvertown Metropolitan represents one of the higher ends of the serviced apartment sector and with good reason: It tops the discussion when it comes to what condo has the best service and is well-managed in Phnom Penh.Silvertown Metropolitan Property ListingThe Elysee(The Elysee by Dara is inspired by the French monument, Arc de Triomphe)Starting Rent: USD $750 per monthOfferings: 1 bedroom to 4 bedroomsLocated in the French-inspired suburban area of Koh Pich, a.k.a. The Diamond Island, the Elysee is designed after the majestic Arc de Triomphe. And much like the actual monument, The Elysee’s vicinity takes after the iconic townhouses and boulevards of modern-day Paris. The Elysee is also one of the newest serviced apartments developed in Phnom Penh.The Elysee certainly tops this shortlist as its French-influenced design comes with luxury amenities and services without necessarily breaking the bank. Units can be rented out for as low as USD $450 a month which already comes fully-furnished and includes Cable TV, internet WiFi, and housekeeping included in the monthly rental - a good package we’re certain anyone definitely appreciates. Renting here gives you access to a fully-equipped fitness center and steam & sauna within the comforts of the apartment.(An image of an apartment for rent in The Elysee. Realestate.com.kh)Koh Pich island lies east of Phnom Penh’s mainland and is one of the fastest-developing areas in the city. Commercial amenities such as banks, cafes, restaurants, and offices can be found throughout The Elysee’s immediate vicinity. The Elysee sits right on Koh Pich road leading to Samdach Sothearos Boulevard where AEON Mall 1 stands. The same road is connected to Preah Norodom and Mao Tse Tung Boulevard, giving residents access to even more commercial establishments in BKK1, Chamkarmon, and Daun Penh.Koh Pich’s inspired urban design offers a new and unique experience of living in Phnom Penh, making it one of the hottest properties to watch out for - and at a good price. If you’re interested in living in Diamond Island, we highly recommend checking this propertyThe Elysee Property ListingUrban Loft(An image of Urban Loft's exterior in Sen Sok. Photo courtesy of Google Map contributors)Price Range: USD $600 per monthOfferings: 1 bedroom to 3 bedroomsUrban Loft is a serviced apartment located in Sen Sok. While this area is quite some distance from the center centre, Sen Sok itself has seen massive developments in residential and commercial real estate. We recommend this area more for expats rather than tourists as it’s still in the early-mid stages of development and doesn’t have much to offer if you’re not staying long-term.(An image of a bedroom in Urban Loft Sen Sok. Photo from Urbanloft.com)Regardless, Urban Loft offers plenty of space for quality long-term living. Its wide interior design allows for large open-plan condos that maximize light and airflow within each unit. It’s also fully furnished so moving in is easy and quick - something we know expats would definitely prefer. Urban Loft’s spacious units are complemented by an expansive pool and gym. Families living here can avail of the kindergarten and babysitting services. An array of excellent schools are not too far away as Sen Sok is where boreys (gated communities) are becoming increasingly popular among Khmer families.AEON Mall 2, the biggest mall in the city, is just a 5 to 7-minute drive away. And down the road is the popular wholesale grocery Makro. Choices are becoming increasingly abundant in Sen Sok that going into the city proper is starting to become an option rather than a necessity.Urban Loft Property ListingThe View Serviced Residences(An image of The View Serviced Residences in BKK1. Photo courtesy of Agoda.com)Starting Rent: USD $1,000 per monthOfferings: 1 bedroom to 2 bedroomsThe View Serviced Residences is one of the premier serviced apartments in BKK1. Inspired by Japanese interior design, The View’s units offer a simplistic charm many tourists and expatriates would find attractive.The View is at the crossroads of Phnom Penh’s many attractions and modern conveniences. Its location in BKK1 surrounds it with the city’s best places to eat and the newest and biggest shopping centres around in the form of Chip Mong Noro Mall and AEON 1, respectively. Its proximity to popular tourist and expat spots makes it a good choice for foreign travelers wanting to get a peek of the many offerings within the Kingdom.(The View Serviced Residences was designed by Japanese architect Kato Yoshio. Realestate.com.kh)But what’s a serviced apartment without talking about services? Starting at $1,000 per month, residents get fully-furnished rooms, twice-a-week housekeeping, fitness centre, and access to an infinity pool, jacuzzi, and steam room in the common areas. A cafe and restaurant are also serving residents inside the apartment building.Whether you’re by yourself or with your family, just visiting or staying for some time, the View’s units may be what you’re looking for considering its ambiance and location.The View Serviced Residence Property ListingTK Royal One(An image of the exterior of TK Royal One in Toul Kork. Realestate.com.kh)Starting Rent: USD $900 per monthOfferings: 1 bedroom to 3 bedroomsTK Royal One Serviced Condominiums is a mixed-use development featuring offices and serviced residences. Its location in Toul Kork, right along the Russian Federation Boulevard, has made it a landmark of sorts in the area, making it hard for passers-by to miss.The Toul Kork district has developed over the past few years as an extension of the many conveniences available in the Phnom Penh city centre. TK Royal One is one of the district’s more iconic developments as its offerings of office spaces and residential units is a sort of testament to how much Toul Kork has improved in a short amount of time. As such, TK Royal One’s location along the Russian Federation Boulevard gives residents access to a lot of markets, shopping centers, restaurants, cafes, schools, sports facilities, and other entertainment centers now established in Toul Kork.(An image of TK Royal One's spacious living rooms and balcony. Realestate.com.kh)TK Royal One’s residential units come fully furnished and designed to accommodate renters living by themselves or expat families looking to live long-term in Phnom Penh. Each unit is spacious and comes with a private balcony providing an astounding view of the city’s rising skyline. Amenities in TK Royal One include internet Wi-Fi, a fitness centre, swimming pools, a parking area, and a rooftop garden.TK Royal One Property ListingAre serviced apartments worth it?The choice entirely depends on you as you are the best judge of your personal needs and budget. Most serviced apartments in Phnom Penh are proportionally more expensive than standalone apartments without 24/7 concierge services, regular housekeeping, fitness centre, and a swimming pool. If these services are important to you, then serviced apartments could be well worth the extra hundred or so dollars a month.On the other hand, if you’re the type of person who can live without these services, you can save a few hundred dollars which you can allot more to necessities like food or other luxuries like traveling across Cambodia and its neighbouring countries. You can check out several listings of apartments for rent in Phnom Penh here.Looking for other properties? Click hereArticle by:
TCC, A Grand Mine of Wealth
TCC, A Grand Mine of Wealth
June 6, 2022, 5:02 p.m.
Property Reviews
A commercial space for only $6500?It sounds too good to be true!With a total investment of over $130 million, the largest international trade centre in Cambodia is coming.Beng Salang village in Russey Keo District, Phnom Penh City, was once the inland container depot (ICD) of the Autonomous Port of Phnom Penh. In 2013, ICD was relocated to Kandal province. Subsequently, Yunnan Shengmao Investment Co., Ltd. seized the strategic opportunity and drew up a blueprint for a largest global commodity wholesale centre that sits on the soil in Beng Salang village, which also will be built as the largest entertainment and shopping centre in the Kingdom.The project is a key development under a co-operation between Cambodia and China. This coincides“One Belt, One Road” initiative. It will be a commercial landmark hosting over 10,000 businesses and more than 100,000 kinds of products!A new attraction hits the limelightThe Royal Palace of Cambodia is perched right on the confluence of the Mekong and Tonle Sap rivers. It is the ultimate presentation of Khmer culture and draws countless tourist each year. The Triumph Commercial Centre will take inspiration from features of the palace. It will blend tradition with modernity.Construction will occur on a 22,000 square metre plot of land. National Highway 5 is to the west and Highway 36 is to the south. TCC will sit at the axis of Cambodia’s global businesses. TCC will be the largest international commodity wholesale trade centre in CambodiaThe Phnom Penh Autonomous Port is one of the two ports in Cambodia. It yielded a net profit of $7.35 million in 2018, an increase of 36% year-on-year.Supported by advantages of the Phnom Penh Autonomous Port, the wholesale trade centre of TCC will introduce 10 business sections, attract 10,000 world brand, host over a million categories of products, and more than 100 million traders per year. This place will exist on a massive scale.Meanwhile, the developer of TCC is determined to create a safe, convenient, smooth and comfortable environment for traders, by adopting a secure surveillance system and a professional security team. The layout of the centre creates convenience via individual paths either for cargo handling and car parks or access for visitors. This modern trade centre will be managed with tech and highly efficient manpower, to ensure its unlimited prospects.The largest tourist and entertainment centre in CambodiaPhnom Penh City has been growing more prosperous and stronger under vigorous development. It has attracted business elites from all over the world. Russey Keo district was once an inconspicuous area. It is now hot for its profound potential and good opportunities for investment.The second phase of the TCC Triumph Commercial Centre is built to satisfy the need of modern urban life. It will include a culture museum, science and technology museum, children's amusement parks, sports plazas, a 2,000-metre Star-avenue, commercial pedestrian streets, pub streets, gourmet corridors, as well as high-end apartments and office buildings, five-star hotels, and more. This mega-complex will surely become the most popular tourist and entertainment centre of Cambodia.Invest in Unicom Global trade centre of CambodiaThe opportunity to be a part of this project is a once-in-a-lifetime chance. The TCC Triumph Commercial Centre is now up for sale. It is incredible that the smallest units of this project cost only $6,500, and comes with great potential, which is a boon for commercial property buyers.What is even better is that the One Belt One Road Business Support Fund by TCC provides a total of $200 million to enterprises or individuals to set up businesses at TCC. The fund will grant up to $20,000 per unit to outstanding businesses.This means that now you, a smart businessman, need only to invest a small amount of money to share the great advantages offered by TCC, and to fulfill your dreams. The offers from the fund will be closed, as soon as the number of applications reaches the maximum.Do not wait or hesitate. Grab the key to a place of treasure now! (Website: http://www.oiisc.com/)The Cambodia Home & Lifestyle Expo 2019 hosted by Realestate.com.kh will be held on April 26-27 at the International Convention and Exhibition Center on Diamond Island in Phnom Penh. Over 100 exhibitors and more than 10,000 visitors are expected to attend!OC CONSULTANCY SERVICES, a direct holding company of Overseas Investment Immigration Service Centre (Hongkong), has associated with TCC to be exhibiting at booths 63, 64, 77 and 78 at the expo.Free entry for everyone!For more details, please scan the QR code and consult the customer representative.
Establishing a Landholding Company: The Best Mechanism for Acquiring Foreign Ownership of Property?
Establishing a Landholding Company: The Best Mechanism for Acquiring Foreign Ownership of Property?
June 7, 2022, 3:10 a.m.
Property Reviews
Through numerous legal reforms, and much more clarity in the land titling system, the mechanisms in which foreigners can establish control and ownership over property in the Kingdom now come in several forms. Private ownership of units in a co-owned building (more commonly known as “strata title”), was the first legal instrument in allowing foreigners any ownership rights over property. However strata title is a right of ownership that is limited to specific units, and other legal restraints, so for a prospective foreign investor looking to develop on a larger scale- more freedom in acquiring land and property is needed - see Realestate.com.kh's Foreign Ownership in Cambodia: Laws & Regulation with Matthew Rendall for more information.One of the mechanisms which can be used in the acquisition of property is the establishment of a landholding company. This is a limited liability company incorporated under Cambodian law that owns property on behalf of foreigners. The most critical factor in establishing a legitimate landholding company is that 51% of this company must be owned by a Cambodian National. However, despite on paper the Cambodian party will hold the majority of the shares, the shareholder agreement between the parties can be structured in such a way that the foreign party will hold and exercise control and management of the company.The necessary requirement for majority ownership by Nationals’, and the subsequent benefits once the company is legitimately established is laid out in the law itself.  According to the Law on the Investment of the Kingdom of Cambodia (Chapter VI, Article 16): “Legal entities in which more than 51% of the equity capital are directly owned by natural persons or legal entities holding Cambodian citizenship” The available benefits are further described: “use of land shall be permitted to investors, including concessions, short term leases, long-term leases which are renewable in compliance with the provisions of the Land Law.These benefits that are conferred by law through this structure reach far beyond that which are available by other foreign ownership mechanisms, and are legally recognized.  Regarding the registration process for establishing a landholding company, Mr. Grant Fitzgerald, General Manager of IPS Cambodia, stated “’The most common way to set up the landholding company is through a lawyer who will be responsible for preparing all the legal documents that are required.”Mr. Fitzgerald continued by on by stating he believes that there are four key steps in the process of setting up the company:Step1: The foreign party needs to have a relationship of trust with the Cambodian partner;Step 2: The application process for setting up the landholding company needs to be followed   along with any necessary legal consultation.Step 3: The parties need to have completed the Article of Association. This document outlines  the purpose of the company, duties and responsibilities of its members recorded and defined clearly.Step 4: The parties can then seek to obtain the complete registration of the company.Mr. Fitzgerald elaborated that the Article of Association is the most critical document in the process and that, “It is a complicated process writing up [the Article of Association] as it needs to clarify details about shares, power, decision making rights and other obligations between Cambodian and foreign shareholders. This is a key reason why a good lawyer needs to be consulted throughout the process.”“Generally, as well as outlining the ownership percentages, the Article of Association will be structured with two classes of shares, each having different rights of control. This is to ensure that the foreign party is given “special power” to make decisions over the land.”“The duration of setting up the landholding company can take from two to three months and cost $3,000 to $10,000 or sometimes above that, dependent on whether you hire local or international lawyer” Mr. Fitzgerald added.Having owned a landholding company in Cambodia, Mr. Dana Taylor commenced business in Cambodia since 2009, and owns two companies: Brocon; a landholding company, and www.orome.asia, a property website.Talking about the process Mr.Taylor said, “I bought an existing company and it took about six months to complete all the processes and have the company transferred from the previous owner” Mr. Taylor estimates he spent approximately $8,000 through the whole transfer process.Mr. Taylor has found multiple benefits in owning a landholding company, but primarily the ability to buy land and other properties with hard title ownership has enabled major progression for his business. However with recently Ministry reforms in relation to tax requirements, Taylor believes the establishment of a landholding company could become more complicated, but believes this will not have a major impact - especially for larger scale companies.Ultimately, owning property through establishing a landholding company is the safest way of acquisition compared to other property investment mechanisms, because it contains verified documents, lawyer involvement and is recognized by the law itself. As long as both foreign and Cambodian parties have a relationship of trust and follow a clear and transparent process, the establishment of the landholding company should be one which is mutually beneficial.Search property for sale in Cambodia on Realestate.com.kh today - Or learn the latest real estate news in Cambodia.
Axis Residences: Best Eco-friendly Condo Development in Phnom Penh
Axis Residences: Best Eco-friendly Condo Development in Phnom Penh
June 7, 2022, 1:59 a.m.
Property Reviews
Launched in 2015, Axis Residences is the first Cambodian eco-friendly condo development project to receive 'Highly Commended Award' or global Green Mark Gold Award for the Best Condo Development at the inaugural Cambodia Property Award 2016.Strategically located along Street Doung Ngeap number III and just 5 minutes from Phnom Penh International Airport, the $70 million development project is made up of eight condo buildings of 10 floors each – making up a total of 566 units. Scheduled to finish in 2018, Axis Residences has almost completed its structural works.Axis Residences is in talks with award winning Service Apartment 85SOHO from Singapore-listed property management group, LHN Group in providing all units in Axis Residence with service apartment style, high level hotel-like concierge experience for all residents.About 6 km from central Phnom Penh, Axis Residences is close to major international schools such as Northbridge International School and CIA First International School, Royal Phnom Penh hospital, Rathana Plaza supermarket and shopping complexes such as the Lion City & Okide The Grand.  Axis Residences boasts its sustainable building environment and is founded as the best condo development with significant eco-breakthroughs. Building environment refers to quality of buildings and structures as well as the surrounding infrastructures that would offer a full set for community's living.Mr. Anthony Ong, director at Spring CJW Development in Cambodia, said: “Axis Residences have cleared the preliminary assessment and will be the first residential development in Cambodia attaining Green Mark Gold Plus Accreditation by internationally-acclaimed Singaporean Building and Construction Authority (BCA), an agency under Singapore's Ministry of National Development focusing on Singapore’s building excellent environment.”“The intention of BCA is to promote sustainability in building environment and raising environmental awareness among developers, designers and builders when they start project conceptualization and design, as well as during construction process,” he added.Designed and developed by Singaporean developer Spring CJW Development Pte Ltd and Singaporean Consultants, Axis Residences will become the pioneer and the only condominium in Cambodia incorporating the innovative green features that benefits the residents with both a stable electrical supply and a reduced utility and maintenance bill. And this comes through the high technology of sustainable solar PV energy (Solar Panels) into the development.A sophisticated building complex encompassing excellent quality, modernity and convenience, Axis Residences is becoming popular in Phnom Penh largely thanks to its eco-friendly environment.Mr. Ong stresses that as environmental concerns are on the national and global agendas, eco-buildings such as Axis Residences is immediately becoming the preferred choice by its quality and lifestyle of Phnom Penh’s living residential.He said: “we are confident that Axis Residences will complement tenants' green credentials and benefit companies in areas of long-term energy cost savings as well as health overall. Within Axis Residences, we believe that going green is no longer an option, but a responsibility. We are committed to do our part by developing properties that have minimal impact on the environment while enhancing the quality of life for the communities.”Mr. Ong concluded by saying that Axis Residences will be a best choice for national and international business people who seek a green residential address in the upcoming Phnom Penh’s western district.Axis Residence is currently in process of being certified Green Mark Gold accreditation by BCA: making it the first and only condominium to achieve this internationally acclaimed accreditation in Cambodia.Get more information about Axis Residences and learn more about Cambodia’s newest developments by visiting Realestate.com.kh!
Sky Tree Gets $35 million from Banks to Support Construction Project
Sky Tree Gets $35 million from Banks to Support Construction Project
June 6, 2022, 5:04 p.m.
Property Reviews
Launched in early 2016 and developed by a renowned construction company J&L Development, Sky Tree Condominium is considered a safe and peaceful residence, providing a topnotch residential building at the center of Phnom Penh.With the building’s construction completed for five floors, the 32-floor Sky Tree project  is expected to finish in late 2018 and hand over to clients in early 2019. Obtaining financial support from banks, Sky Tree has recently announced the first joint-venture loan which was offered by several financial institutions and banks from overseas.Mr. Wu Chen, CEO at J&L Development Company, said: “We got $35 million from six international banks to support our construction project. With this loan, we guarantee the project will definitely be 100% completed as promised. On the other hand, this loan will also be used to support our customer through our home loan project.”He added “J&L is the first developer in Cambodia which was chosen by six international overseas banks. These include Taiwan Cooperative Bank, Land Bank, Bank of Taiwan, Sunny Bank, Bank of Pan Xin, and Taiwan Biz Bank.” “J&L has strictly studied the pre-qualification process through its connection between its parent company in Taiwan and the J&L Company in Cambodia. The criteria is mainly focused on the financial management of the parent company, the location of Sky Tree condominium, the financial management of J&L, and the standard quality of the project. They also inspected whether the project can get support from the government of Cambodia,” according to Mr. Wu.He explains that “J&L gained the trust from the banks thanks to our project having strong management in all aspects. And this will be a good example for other developers and investors in Cambodia to follow.”Built with Singaporean standards, Sky Tree project will be a high-rise complex with a total of 1,104 residential units. These units will range from one to three bedrooms. The unit size will start anywhere from 61.75 square meters to 140.93 square meters. In terms of special features, Wu mentioned that “Sky Tree has, by far, the highest standard for interior design out of any projects currently underway in Phnom Penh. The project is maintained with impeccable attention to detail and high quality materials, finishes, and fixtures. It features marble flooring, proper ventilation, door handles imported from Germany, and plugs by J&L. Every door is also equipped with carbon fiber steel and it is totally thief, fire, and sound proof. The unit’s entrance door does not face an opposite unit’s door. And each unit also includes an emergency lift.”“On the other hand, Sky Tree will also offer a nice open view of the building by utilizing a big balcony. And each window uses double glass that can protect you from the heat and the UV rays. Keep cool inside. It’s soundproof and very eco-friendly,” he added.Wu also says that “the foundation work is also an effective technical construction process and is a first in Cambodia. Piling work is 40 meters under the rock and it’s built with a unique technique to strengthen and protect it from natural disasters such as storms or an earthquake. In order to ensure the quality of the building, we also did testing on clorise concrete and iron reaction which no other projects have done in Cambodia.In addition to these, the northern Phnom Penh suburb area is also becoming an up and coming area in terms of commercial, business and housing developments. The Sky Tree development is situated at the Russey Keo district, a very prominent neighbourhood of the Toul Kork district. Wu is proud to say that the project is “strategically located in a very desirable area, surrounded by various amenities. It’s close to the Oknha Khleang Moeung Boulevard -- next to the Phnom Penh City Center, embassies, five star hotels, supermarkets, a golf course, the central station, the Prime Minister’s office, ministries, and other establishments.” “For prospective buyers and investors interested in the Sky Tree, they will be satisfied to know that there are around eighteen facilities provided inside the complex such as branded shop outlets, a reception hall, a spa room, a gymnasium centre, a swimming pool, a playground, sky gardens, a green garden, an audio-visual room, a sky bar on the top floor, a reading room, a medical center, laundry, security centres, a property management office, visitor parking spaces, a car basement, and a helipad,” according to Mr. Wu. He concluded by saying, “An international standard condo exists in Cambodia. And it’s best suited for local and foreign investors. The unit prices are very affordable. They start at only $89,440 per unit. Live in Sky Tree today, live in one of Phnom Penh’s prospective areas for growth! Get more information about Sky Tree and learn more about Cambodia’s newest developments by visiting Realestate.com.kh!
​​​​​​City Tower: A Unique and Modern High-rise Office Building in Phnom Penh
​​​​​​City Tower: A Unique and Modern High-rise Office Building in Phnom Penh
June 7, 2022, 4:19 a.m.
Property Reviews
​​​ City Tower, a unique and modern office building standing a total of 14 floors, was opened for occupancy in March this year, with 25% of office space already leased. It is located along Mao Tse Tong Boulevard, Sangkat Phsar Depou I, Khan Toul Kork, Phnom Penh. It sits in the main commercial area, adjacent the Intercontinental Hotel and just next to international food and beverage branches, including Burger King and Coffee Today. Mr. Bun Kheam, General Manager at City Tower, explains, “We don’t see many high-rise office spaces in Phnom Penh and the City Tower project is among the few currently present in the capital. This makes it a very good option for businesses looking for a foothold in the capital.” The entire building’s concept design is developed and supervised by the Archetype Group, a leading architecture and construction consultancy firm that designed the Phnom Penh and Siem Reap International Airports, among many other projects. Meanwhile, responsible for the construction work is local firm, Heng Eng Kong Construction Co., Ltd. According to Mr. Bun, City Tower is designed to focus on convenience and a comfortable working environment through the inclusion of modern facilities and its interior design. It has a 2.75m floor-to-ceiling height that features suspended ceiling tiles with recessed LED lighting.  Furthermore, the office units also showcase floor-to-ceiling windows for optimal natural daylight, VRF centralized air conditioner for energy efficiency and comfortable cooling, flexible partition, CCTV, and access control security in the common areas.   100% guaranteed to incorporate quality with its lush and unique aesthetic, The City Tower offers multi-purpose accommodations to suit the different needs of lessees. Additionally, the building also offers high speed fibre optic cable telephone system backbone and fire protection mechanisms (heat and smoke detectors, fire alarms, horse reel and fire extinguishers, and 2 pressurized staircases). A Public Announcement System is also in place, together with a standby power generator for 100% power backup in case of electricity cut off. City Tower also features a two-floor basement parking space: one floor is dedicated to car parking space and the other one to motorbike parking. In regards to the leasing price, “the office space unit starts at a price of $15 to $18 per square meter. And $2.5 will be charged monthly for management services fee. Facilities and management system of the building are very similar to grade A office space, but the leasing value is more affordable,”said Mr. Bun.  Office spaces range anywhere from 60 to 610 square meters and retail spaces ranges anywhere from 100 to 350 square meters. The ground floor is available to serve as a showroom and a banking space, while the mezzanine is available for cafés and restaurants.”  Since the City Tower is open for lease for coffee shops and restaurants, it becomes a place for everyone -- whether you work inside the building or outside, you are allowed to walk in for coffee and food, according to Mr. Bun. He concluded that for those who intend to get a long-term lease for a large office space, negotiations for discount are welcomed. Get your business off to the right start in Cambodia with City Tower! Check out the available spaces here : retail space and office space
One Park Condominium Celebrates Topping Out of Construction
One Park Condominium Celebrates Topping Out of Construction
June 6, 2022, 5:04 p.m.
Events & Announcements
Property Reviews
Realestate News
Cambodia’s consistently high GDP growth, freehold foreign ownership laws and emerging market fundamentals are encouraging property investors and developers from around the region and the world to shift their investment target towards the Kingdom.For those seeking luxury living in the heart of Phnom Penh’s CDB, One Park Condominium represents one of the nation's most sophisticated offerings; a development by the renowned developer Graticity Real Estate Development Co., Ltd. (GRED).On the 19th of April 2017, One Park Condominium celebrated their “topping out” ceremony on the construction site of the project in Phnom Penh.This event highlighted the unique proposition of One Park, a project set to redefine high end living standards in central Phnom Penh, offering a lifestyle for residences yet to exist in the Kingdom’s property sector. The event also demonstrated the high quality and speed of the development’s construction thus far.After breaking ground in 2015, One Park’s construction has continued 24 hours a day, 7 days a week. The first phase of shophouse and retail units will be ready for handover by mid-2017, while the first phase of 1,600 condo units are expected to be released to buyers by mid-2018.The ceremony was widely attended by leaders from throughout the real estate and development industry, GRED’s local and international management team, and the representatives of China Construction (S.E.A) (Cambodia) Corporation - One Park’s dedicated construction partner. Local, English, and Chinese media partners were also in attendance at the event, in order to share the news of the structural completion of the project to the the Cambodia and regional property market.Units in the development include smart and chic, small to medium-sized one to two bedrooms. There also will be large and elegant three-bedroom and penthouse units. The entire project occupies over 7.9 hectares of land area, a firm base for 2.5 million square feet of floor area for all the units of the project.One Park condominium can be considered as the pioneer for introducing the "community" concept in Phnom Penh, which is set to redefine the future trend of the real estate market in Phnom Penh.One Park is focusing on creating the highest standards for living and will feature a set of natural gardens, sports and leisure facilities, an eco-friendly environment, education resources, and community operations. The development is certainly set to bring luxury lifestyle to a new level.Find out more about One Park today on Realestate.com.kh!
Customer Handover Ceremony for Borey Maha Sensok
Customer Handover Ceremony for Borey Maha Sensok
June 6, 2022, 5:04 p.m.
Property Reviews
Realestate News
On 8th April 2017, Creed Cambodia, the biggest Japanese developer in Cambodia has celebrated ‘’ The Handover Ceremony” for its Borey Maha Sensok’s buyers at construction site which is located on Plov Wat Tang Korsang, Sang Kat Krang Thung, Khan Sen Sok, Phnom Penh, and 3 kilometers from Phnom Penh International Airport. The Handover Ceremony was attended by Mr.Eguchi Takashi, President of Creed Cambodia, Mr. Kato Shuji, Construction Director of Creed Cambodia, and many distinguished guests.Borey Maha Sensok is the second residential development project by Creed Cambodia after their first condominium project, Bodaiju Residences. Borey Maha Sensok is covered approximately 12 hectares of land size, consists of 665 units of flat houses. The flat price start from $49,500 onward. Currently, Borey Maha Sensok successfully sold out more than 85% of whole project and first block of houses will be available to reside by this month and expect to finish the project by end of 2017.On the ceremony date, Mr. Eguchi Takashi, President of Creed Cambodia expressed the appreciation for customers that have strongly support Borey Maha Sensok Project: "On behalf of Creed Cambodia, we would like to thank to all our customers who strongly believe and purchase Borey Maha Sensok with trust of our company. Without support from our buyers, Borey Maha Sensok will not have this success."Moreover, Construction Director of Creed Cambodia, Mr. Kato Shuji has delivered an inspection speech about the feature points of Borey Maha Sensok that urge customer to trust and purchase our units. The three pillars of Borey Maha Sensok projects are: Health, Ecology and Safety. These concepts are indispensable to Japanese residential development. He also added the attraction points of Borey Maha Sensok about the facilities provided inside the Borey including Exterior gym, Foot Message Path, and Tree Trunk Path, Eco-Friendly lighting system, Solar Power, Street Lights and etc. Besides the facilities inside the Borey, he also mentioned the materials using to build the house, ‘’We’ve tried to use fine international brands as many as possible to keep our construction quality such as Schneider brand for electric breakers, switches and power plugs, SCG Elephant for Water and Sewage pipes, a famous painting from Singapore brand of ICI Paints, and Srun Mong, K-cement and Camel. For concrete.’’On that occasion, Mrs.Cheng Sokha, Deputy sales & marketing director added that Borey Maha Sensok is one among of numerous projects in Southeast Asia which is developed by Creed Group, a Japanese real estate firm specialized in principal investment and property development. As time passed, Creed Group has been investing in Malaysia, Cambodia, Vietnam, Myanmar, and Bangladesh since 2012, and investment amount is USD 340 million at the end of 2016.For more details about its coming project, please contact to 023 900 661 or check out its Facebook page: Creed Cambodia.Please find out new development in Cambodia on Realestate.com.kh
Official Launch of the Samdech Techo Hun Sen Boulevard
Official Launch of the Samdech Techo Hun Sen Boulevard
June 6, 2022, 7:23 p.m.
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Samdech Techo Hun Sen Boulevard has been officially launched this morning, April 3, 2017 in the honorable presence of Samdech Techo Hun Sen.Samdech Techo Hun Sen Boulevard started constructing in March of 2011 under ING Co., Ltd. This Boulevard connects Route 271, Chromos Chrouk (Kbal Tnol), the Boeung Tompun wetlands, and National Road  No. 2 in Takmao City, Kandal province.The Boulevard is considered the largest public road in the city, with a total length of 9,160 meters. Its construction is expected to improve traffic overall and to make travel from the outskirts of Phnom Penh to Kandal easier.Infrastructure has become a major focus point in the development of related real estate in the area and its land prices. Mr. In Setha, CEO of real estate website www.cambodia21.com said, "The price of land there has increased compared to the last few years from when it was just land area and lakes. Nowadays, it holds great potential. Land prices from Road 271 to the international school project ISPP range from $750 to $850 per square meter, and the value of projects from Connor around the International School ISPP to National Road No. 2 range from $200 to $350 per square meter "He added: "Because of the development of good infrastructure and development projects, housing developments like The Element condo project, the residential Woodland project, Borey Peng Hout and Chip Mong are already planning to go there."Development to the south is the best choice for the development of Phnom Penh city. In fact, infrastructure developments like these ease traffic congestions and improves the standard of living around the area. Overall, this is geared towards sustainable development where what once just a lake will become the region’s main trade and investment location.For up to date news and information, visit our news section at Realestate.com.kh now.
The Bridge celebrates "Topping Out"
The Bridge celebrates "Topping Out"
June 6, 2022, 5:05 p.m.
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“Topping out” is the term given to the last stage of structural construction. The highest mixed development namely The Bridge has successfully achieved a topping out in December 2016 and well celebrated the special occasion at a private event in Sofitel on Friday the 13th of January.The Bridge set to be the iconic development of the Kingdom is a Singapore-Cambodia joined venture between Oxley Holdings and Cambodia's WorldBridgeLand. The developer has reportedly committed more than $300 million investment for this twin tower project. It is expected to complete and deliver to its buyers on time by the year 2018.Although several developments are taking place in the capital, The Bridge complex overseeing Diamond Island and Bassac River, is certainly an art of its own class to redefine the landscape of Phnom Penh. The building also enjoys good Feng Shui to enhance the lifestyle of the owners whether they are buying the units for own stay or doing business. The Bridge, directly opposite the Australian Embassy in the Tonle Bassac district, is located in the very heart of Phnom Penh. Coupled with full condo facilities, office spaces and a lifestyle shopping mall, the prime location offer the residents and commercial users an excellent choice to live, work and relax in the same complex.The developer is currently working on their second project, The Peak hotel mixed development located approximately 100 meters from The Bridge. The peak set to complete by the year 2020 and will serve to complement the lifestyle and work expectations in this city center Take a look at Oxley's next upcoming project The PEAK...For those interested in The Bridge or The Peak, please visit Oxley WorldBridge’s showroom at Great Disciple Sar Bith Street, Village 14, Khan Chamkarmorn, Sangkat Tonle Bassac, Phnom Penh (Opposite Toyoko Inn) or Find out more information about The Bridge here.
The Gateway: The Next Icon of Phnom Penh
The Gateway: The Next Icon of Phnom Penh
June 6, 2022, 5:04 p.m.
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Citizens and investors of the country will soon be able to work, play, and live in The Gateway Cambodia – a prime new development property that’s set to change the urban landscape of Phnom Penh city.The Gateway will be a freehold mixed use development that will include residential, retail, and office options for local and international investors.The development will see the rise of an ample 7-storey car park and 2-storey retail podium, a 39-storey residential tower, and a 36-storey office tower. It will also feature a sky terrace and a basement car park on its residential tower. There will be a total of 299 office units and 572 residential units in the project.The residential units will range from one to three bedrooms and will have luxurious fittings and private balconies to match. These units will offer a guaranteed 6 percent return per annum for two years. For buyers who commit soon, there’s an ongoing “Star Buy Promotion” for a limited number of residential units; One bedroom units start around $130,000 range; two bedroom units start around $200,000 range; and the three bedroom units start around $250,000 range.The office tower will have a helipad, a double-glazing glass for heat reduction, 8 elevators, and a separate fire elevator for safety. Uniquely, The Gateway offers the only Grade A offices for sale in the Phnom Penh Central Business District area. These units will offer a guaranteed 8 percent return per annum for two years. There’s also sound potential for capital return due to the high demand in the Phnom Penh office market segment currently - as the city transforms into an epicenter for inter-Asean manufacturing and trade.The Gateway Cambodia will be carefully crafted using quality construction materials by a competent set of local and international industry experts. The developer, TACC (C.R.) Ltd., have utilized the services of 2nd Edition Pte Ltd for the interior design, award-winning Mr. Lim Koon Park of Park + Associates Pte Ltd for the architectural design, KCL Consultants Pte Ltd as the structural engineers, and United Project Consultants Pte Ltd as their M&E engineer.The developer has around 40 years of construction experience and 15 years of real estate experience in Singapore, and is currently listed on the Singapore Stock Exchange.The Gateway Cambodia is set to reach completion by December of 2019. It will be strategically located along Russian Boulevard. It is one of the only major roads in the country from the airport to the city centre that has no flooding potential. This transit route is also undergoing significant development to maintain its usability moving forward into the next decade of Cambodia’s growth.Located just 15-minutes drive from Phnom Penh International Airport, The Gateway will be the tallest building from the airport to the office of the Prime Minister. It’s also near important establishments and amenities such as the Ministry of National Defence, the Thai-managed Royal Phnom Penh Hospital and a host of world-class International Schools and respected Universities. Parkson Mall is also underway along the same boulevard, and is set to become Cambodia premier retail mall complex.It’s also close to the Phnom Penh City Center development site, a huge tract of land under development on the former Boeung Kak Lake, which is the only area in the country with a full master plan. According to the developer’s source, a future MRT station will also be built near The Gateway project.The developer’s research shows high potential for return and a doubling of capital appreciation every 5 years due to high foreign direct investment from countries like Japan, Korea, Europe, and China. There will also be a guaranteed 6 percent to 8 percent yields per annum.Take a look at the development if you want to find a space that promises convenience, comfort, and luxury in a city that is rising dynamically in the ranks of Asean. You don’t have to settle for anything other than The Gateway.Find out more about this great project from The Gateway’s professional sales team today!
Royal One: New Royal Group Mixed-use Development; 62 Storey, Monivong Boulevard
Royal One: New Royal Group Mixed-use Development; 62 Storey, Monivong Boulevard
June 6, 2022, 5:05 p.m.
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Details are emerging in the market regarding a major new development project in central Phnom Penh. Royal One, a project of the Royal Group of Companies (Cambodia), will have two towers and stand with a height of 62 floors. It will be located strategically along Monivong Boulevard – in front of the Ganesha Statue, not so far from the airport – and will have a view of the cityscape.Innovation and Design of Royal One:The Royal One project has been designed around the concept of effective land use, allowing two towers to fit into a relatively limited land area - the plot being located on Monivong Boulevard, near to Central Market and Canadia Tower. The first of the two towers will serve as an office building and the second one as a hotel and residential building. A retail podium will also be constructed, along with several parking  floors.Aesthetically, the developers will be utilizing lines and patterns as an attempt to give it a modern and sophisticated appeal. They also plan to feature a modern man-made waterfall in between the two buildings, further intensifying their aim to turn it into a “forever landmark”. Prices for luxury condominium units are projected start at around $3,500 per square meter. The construction of The Royal One development will start in 2017 and is expected to reach completion by the end of the year 2021.About the Developer of Royal One:The Royal Group is a holding company and a large diversified conglomerate that has investments across various Cambodian industries – telecommunications, banking, resorts, education, media, insurance, trading, property, and agriculture. Among the many successful projects they’ve invested in are the Embassy Palace Serviced Apartments, Northbridge Communities, North Park Condominiums, Royal Park Resort in Siem Reap, Hotel Cambodiana, Titan King Casino & Resort Hotel, and the Royal Railway.Find out more and inquire about ROYAL ONE this project today!Click here to download your free copy!
Habitat Condos: Our Habitat is Your Home
Habitat Condos: Our Habitat is Your Home
June 6, 2022, 5:05 p.m.
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Habitat Condos are a unique collection of boutique condo units, located across 14 floors, on cosmopolitan Street 21, of Phnom Penh’s Tonle Bassac district.With their showroom now open - and the opportunity to take possession as soon as November - Habitat Condos represents an assured asset with no uncertainties. Moreover, with the strata titling process underway, Habitat Condos is able to guarantee full freehold ownership upon signing and handover.Constructed to international standard and quality, Habitat Condos meets all embassy employee guidelines, with fire, electrical, security and construction standards of first-world quality and safety.   The developer, Intan Kosem, Cambodia born - educated in Australia, Switzerland and the USA - brings a homegrown sensitivity to Habitat, along with an international appreciation of quality and delivery, all underpinned by  a passion for living spaces that are sustainable and harmonious. Co-developer, Michael Davitt brings to the project his vast experience in construction in Australia.Reassuringly, with DK Sanctuary Apartments as a benchmark for the developer, the quality of construction, maintenance and property management services at Habitat are guaranteed. The company’s previous residential project, DK Sanctuary, also in Tonle Bassac, has maintained a consistent 95% tenant occupancy since opening in 2010. Its residential apartments are presently home to diplomats, CEOs and other senior managers. Strong occupancy levels, backed by testimonials, and a proven rental and property management record—along with the integrity of the construction—underline the developer’s ability to deliver a high-yielding investment in a competitive residential market.With experience in designing the Hard Rock Café in Siem Reap and Audi Showroom in Phnom Penh, Claire Croste of JPMC Architect & Consultant Ltd. has brought a wealth of experience to the Habitat development. With reputable builders, MEP contractors and designers (e.g., SpaceLogic from-Singapore, Luxury Machine -hotel and condominium security and access control) working alongside her, the outcome has been a residential development that sets a new benchmark for design and lifestyle within the cosmopolitan environs of Phnom Penh.  All units include beautiful hardwood floors, harvested from sustainable forests in Cambodia by a reputable international company, with full line traceability. Electronic key systems come standard, with CCTV throughout, and fire-fighting systems and codes in place, complemented by smart TV connections and ceiling ducted A/C systems in all units.Also inclusive to the property are dedicated community areas which include a rooftop saltwater swimming pool, gym, and a BBQ area on the upper rooftop. The top floor duplex units offer stunning views and benefit from a private direct access to these facilities.All buyers are guaranteed unobstructed views as neighbouring properties comprise new low-rise residential housing (30-40 meters) along with manicured areas of green space (an increasing rarity in downtown Phnom Penh). Habitat’s Tonle Bassac location is ideal, with Aeon Mall, Nagaworld, the newly opened Naga Walkway with luxury duty-free shops, Nagaworld II hotel and casino, and the capital’s famed riverside a walk or a short tuk tuk away. While, with the rest of Tonle Bassac on your doorstep and BKK1 just minutes away, the entertainment and dining options are as boundless as they are unique.The Numbers: The average net price is $2780/m2, at a medium gross price of $1750/m2, with a range of unit sizes and styles available, sized between 87m2 to 186m2 (for inclusions, please visit us at showroom or consult the detailed SPA).With a rental rate of return between 8% 10% and no marketing gimmicks, the developer offers a finished product and an honest appraisal of its worth:  “What you see is exactly what you get!” Ready to live, or ready to rent—the choice is yours.The developer’s moto is ‘Our Habitat is Your Home’.You can contact them today at 010 927 450 / 017445083 info@habitat.condos, visit them on www.habitat.condos or www.facebook/habitatcondos and book a showroom visit.See the full Habitat Condo listing!
YCT Land has settled into the Cambodian market
YCT Land has settled into the Cambodian market
June 6, 2022, 5:05 p.m.
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The 88 Suites project will be the first Phnom Penh based project from the developer YCT Land Pte Ltd. Along with the 88 Suites, YCT Land currently have a land division project in Kampot province.YCT Land represents a joint venture partnership between Chong Lim Development SDN BHD and Chip Hock Realty and Development SDN BHD, two Malaysian based property development firms. YCT Land was incorporated in Cambodia in 2012, yet the company’s Malaysian experience spans over 40 years, with over 3000+ units completed and sold.Successful projects of this development team include the University Green and the Pangsapuri Bukit Beruang Bestari, in Malaysia, to name just a couple. See the full catalog of completed projects from Chip Hock Realty.Another example that the members of YCT Land have had some involvement in is the “Leisure Farm” project in Johor Baru, Southern Malaysia - a 1200 acre home and resort development, which has already completed several phases and are selling currently.88 Suites represents a relatively small project for YCT Land, given the company’s history of completing grand scale township developments.The developer also has various experience in the eco-city development sphere, and hopes to bring this concept the Cambodian market in the near future.The reason for this eco-friendly focus is stated by Chip Hock Realty: “we understand our business’ nature directly and indirectly impacts the ecosystem within the society and community that we have operated on. Therefore, it has been the company’s long-term plan to continue building greater communities with balanced social and environmental awareness within our developments.”The inspiration for YCT Land to launch in Cambodia is the emergence of the nation as a real estate destination with exciting opportunities: “Cambodia represents a young and open market, full of opportunities,” says Mr. Tan Kok Thong - CEO of YCT Land Pte Ltd, “in comparison to the Malaysian market; which has matured already and heading towards saturation”.Cambodia represents a new beginning for the firm, and have settled their operations here for the long term. With that in mind, YCT Land want to maintain the standards they have followed in Malaysia in regards to both their production and partnerships with other firms.The mantra of the company is to bring innovative products, centered on quality: “We look to the long term value for our investors, not the short term. And our partners must always maintain the same quality standards that we do,” says Mr. CP Chong - Chairman of YCT Land Pte Ltd.Hence the launch of 88 Suites came in partnership with architecture firm SW1P Collective, Malaysia, and renowned local real estate agency, Royal 5G Realty, as sole agent.Furthermore, the project demonstrates the company's innovation: 88 Suites will be the first SOHO (Small Office, Home Office) development on the Cambodian market, offering a distinct point of difference for investors shopping in the crowded BKK1 new developments market.Located along Mao Tse Tung Boulevard, 88 Suites will reach completion at the end of 2018. But in the meantime, stay tuned for YCT Land’s next exciting project to launch in Cambodia!See the full 88 Suites project information now!