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Ultimate guide to Chroy Changvar
The ultimate guide to Chroy Changvar
March 12, 2019, 11:45 p.m.
Ultimate guide to Toul Kork district, Phnom Penh
The ultimate guide to Toul Kork
January 26, 2019, 5:02 p.m.
ultimate guide to russey keo
The ultimate guide to Russey Keo
December 17, 2018, 4:50 a.m.

Realestate News

Chinese Railway Expands to Thailand
Chinese Railway Expands to Thailand
June 6, 2022, 5:05 p.m.
Realestate News
Plans for a Chinese Railway network across ASEAN are beginning to solidify, with China pushing the long-stalled project into action in recent news and signing an agreement with the Laotian government, and now, Thailand. If this Chinese railway ultimately extends to Phnom Penh, the real estate market should certainly see benefits. This is not a new story, however.Thailand and China announced the beginning of a cooperation agreement this week to develop Thailand's first standard-gauge double-track railway line, a 845-kilometer line that will link Bangkok with the northeastern city of Nong Khai near the border of Laos. Construction is slated to begin in May 2016. This latest announcement comes after China and Laos reached agreement last month to build a 40-billion yuan ($6.28 billion), 418-kilometer railway from Kunming, the capital of southwestern China’s Yunnan province, to Vientiane, Laos capital, according to the official China Economic Herald report that followed a signing ceremony. The ceremony was attended by the National Development and Reform Commission, China Railway Corporation, and Export-Import Bank of China. According to Chinese media, China will cover 70 percent of the necessary investment for the new Chinese railway line, while Laos will be responsible for the remainder. Once in operation, the Chinese railway will be Laos’ longest and fastest yet, with an average speed of 160 kilometers per hour and 60 percent of the line being bridges and tunnels. The next step for China’s Silk Road railway is yet to be seen, and the world waits to see whether a full-scale ASEAN Railway will become a reality.
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Development At Sihanoukville, An Integrated Lifestyle D’Seaview
Development At Sihanoukville, An Integrated Lifestyle D’Seaview
June 6, 2022, 5:05 p.m.
Realestate News
Camhomes’ maiden mixed development at Sihanoukville, D’Seaview, aims to bring an integrated concept of living to Sihanoukville, which focuses on the convenience that only a mixed development can offer: living and shopping at the highest standards in the same building. Besides offering high quality homes while retaining affordable prices, Camhomes’ Group General Manager, Ryan Ong, also emphasised on the potential capital appreciation and first movers’ advantage for buyers who invest in a D’Seaview unit, regardless of whether they are residential or commercial buyers. Investing in a mixed development at Sihanoukville that comes to life through commercial and residential owners and tenants, acts as a hedge against future inflation. Having the advantage of being in a prime economic seaside location like Sihanoukville, with its deep-sea port, Special Economic Zone, international airport, as well as its oil and gas industry commencing operations soon, D’Seaview is the market leader in high-standard condos that extends its services beyond just quality housing and to the world of commerce. “With Sihanoukville being an up-and-coming booming coastal city, it is only a matter of time before more foreign businesses start coming into this province, and when that happens, housing will be the first few things they will look out for, thus we are hoping to fill up this hole,” Ong explains. Envisioning what expatriates and locals would appreciate within such a mixed development at Sihanoukville, D’Seaview places its focus on the integration of convenience, facilities, lifestyle, and status. In addition to its two residential towers, D’Seaview has four commercial blocks comprising 66 units. These include a vast ground-level space of approximately 500 square metres dedicated solely to F&B, either a food-court or a restaurant, which is priced at an estimated $1.7 million. Also, there is the second level that will be left as a wide plan for retail purposes. From the third to the seventh levels are smaller commercial units with high ceilings and floor-to-ceiling windows. D’Seaview also has a hotel block, which is open to investors, as well as local shophouse-style blocks that are targeted at Cambodians who would like to set up their business as well as live there. A typical commercial block features a third-storey roof terrace, which D’Seaview visualises to be a childcare centre, a spa, a salon, or even a family karaoke lounge hall. However, the final outcome depends on the imagination of the buyer. The variety and potential of D’Seaview’s commercial hemisphere brings the term mixed development to a whole new level, “which will be satisfying a lot of purchasers’ requirements and demands,” as explained by Ong. Such is the flexibility of D’Seaview in catering to its commercial purchasers’ needs that if a buyer wants to purchase an entire floor, Camhomes will be more than willing to work with them and help them in re-designing the floor plan. The starting price per square metre for a commercial unit within the compound is from $1619. Some commercial units have already been sold since the launch of its retail store spaces last weekend. With a ready pool of customers from the 735 units of residences and the 98-room hotel, D’Seaview’s commercial hub looks to be abuzz with consumer activities once the development is completed in Q1 of 2018. Open to the public, the lifestyle element is a factor of appeal, as the commercial units will feature a slew of trendy bistros and cafes that has the potential to be the new uptown of Sihanoukville. D’Seaview envisions itself to be a cosmopolitan hub with a balanced mix of locals and foreigners. On what sets D’Seaview apart from other housing developments, Ong elaborates, “we have the advantage of the seaside and close proximity to the port, thus reducing travel and delivery of consumer goods. Our central location among the seaport, airport, and the future highway connecting Sihanoukville to Phnom Penh, is also another great advantage.” Realise your housing and commercial dreams now; visit Camhomes’ D’Seaview showroom at Canadia Towers and talk to their property consultants. Phnom Penh Post, Post Property.
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Prince Central Plaza : Doraemon Recognises The Future In Phnom Penh
Prince Central Plaza : Doraemon Recognises The Future In Phnom Penh
June 6, 2022, 5:06 p.m.
Realestate News
Flanked by life-sized statues of Japanese cartoon character Doraemon, and the infamous one-eyed yellow minions made popular by the animated American movie Despicable Me, China’s Prince Real Estate was far from alone at the official launch of their showroom (opposite the National Assembly), and the opening ceremony of its latest development Prince Central Plaza, a HOPSCA—Hotel, Offices, Parks, Shopping Mall, Convention Centre, and Apartments—last Tuesday. Want to learn more about Prince Central Plaza? Here is the full listing, on Realestate.com.kh. While the launch aimed to spice up the humdrum of a typical property launch, Pol Lyta, a property consultant for Prince Central Plaza, explained the deeper meaning behind the unusual marketing strategy, saying, “Doraemon is a robot cat that comes from the future [22nd century], and can go back into the past, and he is also able to fly all over the world.” With the ability Doraemon possesses, it seems to refer to Prince Central Plaza’s outlook on the future of Phnom Penh in making the development the integrated business and lifestyle nucleus of the Kingdom, while retaining an avant-garde take on traditional Khmer architectural design. As countless Doraemons had flown in to Phnom Penh to station themselves at the opening ceremony, Despicable Me’s yellow minions had also come along for the ride, possibly to inject some humour and entertainment to a typical lacklustre affair. Being an entertainment-centralised hub, Lyta elaborated that “the minions from Despicable Me represent the fun and entertaining side of what Prince Central Plaza’s various amenities and facilities can offer.” Want to learn more about Prince Central Plaza? Here is the full listing, on Realestate.com.kh. To emphasise its point, guests at the launch were also given freebies in the form of the one-eyed yellow minion soft toy plushies. However random it may seem, such cute and fun twists are not uncommon here. In 2012, an Angry Birds Foreign Language School had sprung up in Banteay Meanchey province, riding on the wings of the insane global phenomenon that the Angry Birds game had prompted. Nonetheless, the opening ceremony of Prince Central Plaza was not all fun and games. Having sold an approximate 200 out of its 1,786 residential units just at the launch itself, it has also sold an estimated 40 per cent of its homes thus far. Prices range from an average of $58,000 for a one-bedroom apartment, to $100,000 for a two-bedroom apartment. Almost all of its snazzy penthouses, which cost from $250,000 to $600,000, have been snapped up as of the launch day. As with the case of the Angry Birds school, whose owner was nonchalant in using the fowls’ infamousness without consulting their copyright holders, it is unclear whether these future robot cats and one-eyed yellow minions were lawfully licensed as mascots for Prince Central Plaza’s opening ceremony. What is definitely clear, however, is the completion of the impressive Prince Central Plaza slated for May 2018, located at the pulse of Phnom Penh’s heart south of Norodom Boulevard, wherein its residents may just be lavishly greeted with another surprise appearance by the unofficial mascots. Hanamariya Halim, Phnom Penh Post, Post Property. Want to learn more about Prince Central Plaza? Here is the full listing, on Realestate.com.kh.
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City Hall Administrative Building and Parking Lot, Open Next Year
City Hall Administrative Building and Parking Lot, Open Next Year
June 6, 2022, 5:05 p.m.
Realestate News
An administrative building, and a large underground parking lot that can accommodate up to 300 cars will be officially inaugurated in 2016, according to Long Dimanche, a City Hall spokesperson. Dimanche told the Post that the City Hall administrative building, which is 12 storeys high, is almost 90 per cent completed. He added that, “this is a workers’ building of the City Hall, adding to the existing building since the City Hall has many government officials working,[therefore] we need more buildings for work”. As of present, the City Hall has an estimated 340 officials, with the total number adding up to 800 officials with the inclusion of all district and commune officials, according to Dimanche. However, he did not disclose the cost of building this structure and parking lot, only mentioning that the developments were financed by City Hall’s funds. This new administrative building of City Hall is located at the south of the old City Hall building, which was left empty since after the end of the French colonization. Construction of this building had commenced at the beginning of 2015, and is slated to be completed by 2016 if no further adjustments are made to the plan. Seng Lot, spokesperson for the Ministry of Land Management, Urban Planning and Construction, offered no comment when asked about this plan, directing it to the City Hall spokesperson to answer instead. Phnom Penh Post, Post Property.
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The Bay To Begin Construction In First Quarter Of 2016
The Bay To Begin Construction In First Quarter Of 2016
June 6, 2022, 5:05 p.m.
Realestate News
After a tumultuous year in Cambodia for Singapore-based TEHO International, the developers of the $500 million The Bay condominium project on Chroy Changvar peninsula said construction will begin early next year with a new marketing strategy after another managerial shakeup. Want to inquire about a unit in the Bay? Check out the full listing today, on realestate.com.kh.  Announced on the Singapore Stock Exchange earlier this week, ECG (Cambodia) was bought out and formalized into the parent company ECG Property—a wholly owned subsidiary of TEHO International that handles all marketing and promotional activities. Previously operated by the joint venture’s partner, Sok Bun, ECG Cambodia was purchased to a tune of $71,776, or what amounted to 45 per cent of the initial paid-up share capital. Currently, the unaudited net assets for ECG Cambodia as of July 2015 amounted to $169,836, the statement read. While ECG Cambodia will still perform its duties as the acting real estate agency for The Bay, all marketing and promotional activities will be conducted at the head office back in Singapore. Phua Cheng Boon, Financial Controller for TEHO International, said, “it is good to have full integration of our projects.” “We will have somebody based in Singapore who will be able to run operations regionally as well,” he said. Want to inquire about a unit in the Bay? Check out the full listing today, on realestate.com.kh.  It was previously reported by The Post that 100 condominium units had been sold since the soft launch in September. However, Phua declined to provide current figures. “While we can’t disclose the level of sales, we are confident to say that construction will begin in the first quarter of 2016,” he said. With a new marketing strategy, he added, the development “will not be about big exposure.” TEHO International, which formally launched the project in February of this year, had spent $1.1 million on advertising and promotional activities, as well as around $600,000 in legal and professional expenses to promote the development, an annual filing in August stated. While Sok Bun, who resigned from his position as director of the board, currently awaits trial for the beating of a former TV star, his shoes has since been filled by Yim Chhay Line, the daughter of Deputy Prime Minister Yim Chhay Ly. “She is a good asset to the group and I am confident that all the necessary requirements for construction have been achieved,” said Phua. Kim Heang, CEO of Khmer Real Estate, said that a marketing shift to overseas investors is the “smartest” market strategy for The Bay, as it faces more competition and is also behind schedule. When asked if The Bay would miss out on the local segment, Heang explained that it is too small, “so why [do] they need to waste time and money [on] the local segment?” With a few soft approaches to buyers in Japan, Hong Kong and Taiwan recently, Phua said sales “have picked up.” “We are doing this gradually because The Bay is a rather large project. We are going to all these different countries to do soft launches to get sufficient buying. We want to position [ourselves] as [a] more exclusive development,” he said. Want to inquire about a unit in the Bay? Check out the full listing today, on realestate.com.kh.  Kali Kotoski, Phnom Penh Post, Post Property.
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CREA News Page 2024 ENG
Doubts surround Master Plan of Phnom Penh
Doubts surround Master Plan of Phnom Penh
June 6, 2022, 5:05 p.m.
Realestate News
Last Friday, master plan of Phnom Penh until 2035 was fully approved by the council of ministers, as announced by Pa Socheatvong, governor of Phnom Penh. While it is claimed that the plan is complete, those in the private and public sector and other relevant stakeholders fear that they have not been adequately consulted, raising concerns that implementation is unlikely and unjust. Without a publicly available draft that addresses socio-economic conditions as well as infrastructure, zoning, land title rights and all other concerns that come with the development of a city, they say it is unclear as to what the master plan of Phnom Penh actually entails. Takashi Ito, Senior Representative of the Japan International Cooperation Agency (JICA) described the master plan as “a fruit of self-efforts by Phnom Penh municipality,” stating that JICA played no part in the current approved plan. Ito pointed out however, that JICA has submitted a master plan for transportation lines in March of this year, and is currently working on a master plan of Phnom Penh for a citywide sewage and drainage system. “We continue to be interested in healthy development of the capital city, which is why we have engaged in [these] two master plans,” Ito stated in an email. While Ito wouldn’t give Post Property an overview of the resources that are necessary to implement only a few crucial issues concerning city development, he admitted that without adequate resources, “it is not really practical to try to address all the problems,” he said. When it comes to meeting the demands of a burgeoning city and population, “it is, in a sense, a question of priority,” he said. To him, the success of a master plan hinges “not only on the degree of commitment of the municipality itself, but also on the degree of support and participation of other relevant governmental institutions, [possibly including] the private sector” and civil society. Piotr Sasin, country director for Czech NGO People in Need that focuses on spatial planning in Phnom Penh, called it “worrying that the plan has been developed in secrecy without the consultation of civil society groups.” He argues that city development is a complicated process that needs to be carefully coordinated to ensure implementation that properly addresses all issues. “We would appreciate if the municipality shared the plan with all shareholders so they can work on something that we will all be proud about. There are resources and the capacity to do this,” he said. Considering the sheer complexity of a master plan, Sasin admitted that “the majority of all master plans are never really implemented.” “It’s about the process, bringing the people together and it would be the job of the municipality to coordinate these efforts,” he said. Long Dimanche, spokesperson of City Hall, however, said that there have been specialists outside the municipality working on the master plan. “We have been working on this master plan since 2002 and had help from many groups of Cambodian professionals such as architectures, land management, landscaping, environmental, engineering, and [from the] cultural aspect and we had advice from French experts,” he said. According to Nicolas Baudouin, spokesperson for the French Embassy, French involvement in the city master plan ended with the publication of the 2007 White Paper, titled Livre Blanc. While the 330-page long master plan was published by Phnom Penh municipality, and outlined development until 2020, it was never adopted. “The project was considered complete with the publishing of the report and funding stopped. Why it wasn’t adopted, I don’t know,” Baudouin said. Even though French involvement stopped in 2007, governor Socheatvong cited 14 focus points that are identical to the ones listed back in 2007. While the 14 points are meant to address issues such as zoning, open spaces and land title issues, Socheatvong said that what contributed to the adoption of this version was spurred by economic growth, commerce and a rising population. “The main purpose of the 2035 Phnom Penh land usage is the strategic document in order to serve the government’s ambition as well as the aim of Phnom Penh municipality and their vision toward 2035 of managing and setting the direction of economic development… in an attempt to meet the increasing demand of private investment and the population in Phnom Penh,” he said. Dimanche added that he did not know when the overall master plan would be published publicly, despite last week’s approval. However, he said the government will issue a new order to properly implement the city development plan. Meng Bunnarith, spokesperson for the Ministry of Land Management, Urban Planning and Construction, said that while the framework that was adopted by the council of ministers is comprehensive, it only provides a general overview that does not give much insight to critical details. The ministry has to set specific regulations in order to ensure a clearer use of land, he said. Nevertheless, Sasin fears that a master plan can be used to further exclude marginalised groups. “My main fear is that it will be a plan for the privileged,” he said. As an example, he worries that poor urban communities who have been excluded from systematic land titling, such as the evictees in Borei Keila or in Boeung Kak, would still not be addressed. He added that City Hall’s lack of transparency opens the door for misjudgment and misinterpretation. “If they published the document and got other stakeholders involved they could really pass on a positive message to the city which would be: we care.” Julius Thiemann, Siv Meng and Moeun Nhean, Phnom Penh Post, Post Property.
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Investor Holidays: See, Smell, Hear, Touch and Buy…
Investor Holidays: See, Smell, Hear, Touch and Buy…
June 6, 2022, 5:06 p.m.
Realestate News
Local and internationally-based real estate agencies, as well as new development sales teams, are using investment junkets to encourage foreign investment into Cambodian real estate, especially for bigger developments that largely depend on cash from overseas.“Investment tours provide a unique opportunity for personal interaction to close the gap between the investor and the opportunity,” says Grant Fitzgerald, general manager of IPS Cambodia.“This can range from professional meetings with local fund managers and banks, development company headquarters, showrooms, law offices, accountants and even local government representatives.”These tours, aimed to grease the wheels and spur investment, are typically subsidized by the agency or developer, and can last from as little as a few days to a week. They will always include visits to popular development corridors, such as Chroy Changvar and Diamond Island, says David Kim, CEO of Informax Real Estate Service.Imtiaz Panjwani, chairman of Seer Realty India and Ivanna Capital London, who consults on London and Dubai properties, as well as overseeing various international investment accounts, is one investor who joined a tour earlier this year.“Living and working in London real estate, few investors venture all the way to Cambodia,” he remarked. “But the chance to relax in a tourism hotspot such as Cambodia has recently become, and also survey the rising property market was, irresistible.”Yet, while the tours are focused on bringing in cash, one of the main goals is to present Cambodia as a whole. Investors generally undertake trips to main attractions, and spend nights out on the town with their fellow investors.“While I came as investor, I had to check out Angkor Wat while I was here and try the local bar and cuisine scene,” said Panjwani.Ly Senleap, CEO of Furi Real estate and F.U.G.I Investment, said that investor tours seek to defeat an outdated mindset.“Honestly, before I came to Cambodia, I expected to land in little more than a large village,” said Panjwani.While Cambodia’s construction boom continues, and the country grapples with wrestling itself out of least-developed country status, many perceptions of the wealth of the country have been overlooked, despite nearly two decades of swift economic growth.Kim recalls when one group of investors brought boxes of Coca Cola to their Cambodian partners as gifts when they arrived. “They thought this would be a novelty for Cambodian people. Little did they know, Cambodia already has its own Coca Cola factory. This is just a funny story, but it is true that many investors are genuinely surprised by the level of wealth among local people when they first arrive.”  “Due to Cambodia’s history and lasting international image, buyers need to witness the growth of the nation for themselves and see just how far from reality the stigma actually lies,” Ly said.With this in mind, Ly’s company, F.U.G.I Investment, is currently planning an investor’s seminar to be held in Phnom Penh in early 2016.Due to fluctuating investment conditions in their home economies,Kim says most tours bring potential buyers from Singapore, Taiwan and mainland China. Meanwhile, few Japanese and Western investors currently make the trip.While these tours aim to wine and dine investors by ramping up a hands-on sales pitch as many sales are sold on speculation, Ly notes that for developers who offer guaranteed rental returns, these tours can legitimise a development.“If the area is growing fast, and current price increases reflect the estimated potential of the proposed Guaranteed Rental Return (GRR) – buyers will have confidence that promised GRR will, in fact, come once the project reaches completion,” he says.However, some think that it takes more than just a stroll around the block to prove if an investment will pay off.“Finding a property with good capital growth profit and positive rental yields is like finding a rare gem,” says Edwin Low, general manager of Axis Residences. “You can research on the rental yields from the surrounding properties but you need real foresight to recognise the growth potential. Investor holidays provide at least a start.”While these tours aim to bring a superficial understanding to a burgeoning market, Chee Yap, project director at Grand Phnom Penh International City, believes that a short holiday tour does not provide a true insight into local business and consumer behavior, “or undefined regulations and policies in Cambodia.”“Investors must also meet with investors already settled in the country who are aware of these less obvious risks, and their country’s embassy representatives. Always obtain third party perspectives and advice,” he advised.Kim suggests investor tours are not seeking to sidestep risks by painting a rosy scenario, but rather to put Cambodian property risks into perspective. “As high risks always come with high returns, it is important to let investors visit Cambodia to see what the market’s risks really are and how best to control them.”Many investors eyeing Cambodia already understand that poorer countries have bigger potential for investment, he explained. While many foreigners have concerns over Cambodia’s political stability, he says “if they visit here they will soon see the market is stable for economic growth.”After one visit, Panjwani views the boom in Cambodian construction as the start of something much larger. He plans to enter investment opportunities in 2016.“Phnom Penh brought flashbacks of the development of the Indian property market of the 1990s and early 2000s. The potential is here,” he said, noting that the heavy construction on Diamond Island was also reminiscent of Dubai in 2002 when freehold ownership laws for foreigners were allowed.“The government of Cambodia should market Cambodia very aggressively as a destination for travel and investment,” said Panjwani. “It is of paramount importance to get people to visit Cambodia and change its perception.”Want to know more about Cambodia? Head over tothe news section of Realestate.com.kh for all the latest updates!
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Apartment For Sale? How to sell it Faster!
Apartment For Sale? How to sell it Faster!
June 6, 2022, 5:07 p.m.
Realestate News
Sold on selling your apartment as soon as possible? We’ve got a few tips and tricks to help understand how your apartment will fare on the open market.Factors affecting how fast a home can sellThe price tagThe easiest approach to foreseeing how quickly your apartment will sell is by indexing the sale price.Do you need to sell it immediately? Price it at, or underneath, market value. Find the market value by taking into account what equivalent homes in the zone are asking. A good quality valuation is your next step, and many local agencies specialize in this task.If you don't need to sell in a hurry, you can price higher and let the buyer show you how much they want it.Do note, however, that there's an off chance that your price is too high. Individuals looking at a lower cost may miss your apartment for sale listing - especially if they are searching according to price criteria on Realestate.com.kh. Meanwhile, your apartment sits in a price range with homes that are most likely more alluring than yours, based on condition, size, or location.But this is no problem - just lower your price as you become more willing to sell. Simply remember to push the market first if you are not desperate, rather than the market pushing you.Eagerness to negotiateIf you are not considering accepting less than your full asking price, anticipate that your home will sit unsold longer than others in your general area. So be flexible when a genuine buyer arrives at the door to look at your apartment for sale because hesitance to negotiate is the second reason your home will remain on the market for longer than you wanted.Here are some handy real estate negotiation tips which will help you get the most out of any contract. Photos of your propertyTaking great photos of your property gives you an edge in standing out in the market today. Photo from the Peninsula Private Residences.Need your home to sell quickly? The more information a buyer has, the quicker they are likely to make a decision on your property for sale.A buyers’ first impression of your property for sale is usually influenced by the photos you make available. Ensuring they get a good first impression will make them more interested and perhaps even give you some leverage on the negotiating table.Other than making your apartment look all spiffy on the outside and arranging it inside, getting it photographed by a professional photographer is an extra step you can take for the best results.This should ideally include photos of the following:Exterior/FacadeIf it’s a house/villa, take a photo from the road and take them from multiple angles. If it’s a condominium unit, take a photo of the building’s facade and the lobby. A home that looks good gives the impression that it’s well taken care of and makes it look more appealing for potential buyers.Interiors & AmenitiesTake clear photos of the inside of your home. If it’s a house/villa, go through the motions of walking through your home and capturing each room in its best possible arrangement.Also remember what features you’ll be listing such as the number of bedrooms, toilets, kitchen, swimming pools, etc., Make sure to include those in your property listing’s photos.Surrounding areaHaving great photos of your home and its surroundings will almost guarantee you many more inquiries on your online listing. If it’s a house/villa, nice surroundings definitely add to the appeal of living in a landed home.If it’s a condominium unit, include photos of amenities up to 3 streets like supermarkets, convenience stores, restaurants, shops, and even shopping malls. The better facilities there are, the more appealing and the more eager a buyer will likely be.If you need a visual example of what you need, take a look at how new developments in Cambodia showcase their properties for sale.A good agentGood agents are worth the cost considering they save you time and energy on property-related paperwork. Supplied.The right real estate agent can have an enormous effect on the speed it takes to sell a home. It's imperative to pick an agent with experience selling the sort of home you have, and one who's acquainted with the region in which you are trying to put your apartment up for sale.Additionally, an agent will likely be the one looking for a buyer for you. It’s integral for real estate agents to have a phonebook of both buyers and sellers, so if you want a quick way to get your property out there, getting an agent would be a worthwhile addition to your plans.However, we’d argue that the agent’s true convenience lies in saving your headaches from dealing with all the paperwork. Good real estate agents have a good grasp on how the process goes and can enormously contribute to speeding up the process.You easily find the most trusted agents in Cambodia through Realestate.com.khList on a classifieds portal like Realestate.com.khListing your property on Realestate.com.kh gives it the best chance of being seen by Khmer and international buyers. Supplied.While an agent can certainly do this, it’s a good way to get a good grasp on the market landscape. If you’re planning to sell your house/villa/condo in Cambodia, it would be best to list your property on an online classifieds portal like Realestate.com.kh to reach the most people in Cambodia and abroad.Online listings are usually free and take no more than 15 minutes to properly set up. It’s a minuscule time investment - with no monetary cost - to get your property listed online.If you’re ready to sell your property online, let us know through our Concierge Service we'll assist you as soon as possible.Looking to sell your property in Cambodia? Let us help!Article by:
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Riverside Real Estate, Phnom Penh
Riverside Real Estate, Phnom Penh
June 6, 2022, 5:04 p.m.
Realestate News
Welcome to another weekly real estate news report, brought to you by Realestate.com.kh.On this week’s show, we’re going to be speaking with Desmond Yap, Managing Director of Yong Yap Properties Phnom Penh, and one of Realestate.com.kh’s featured agents. Tell us about the Riverside area and the attraction of it?Lifestyle-wise, Riverside has the best selection of restaurants and bars, making it very easy to meet new people. Of course it is riverfront, which means amazing views and fresh air. Riverside also has plenty of markets. For people interested in Riverside real estate, most of all this area is convenient – everything is just a walk away.In terms of investment, there’s only so much river and we cannot make more space here. So it is exclusive and a beautiful place to live. It makes it a very attractive location for foreigners, and grants the riverside area a high investment return potential in the coming years.In regards to Tourism, riverside is the #1 spot in Phnom Penh, and one of Cambodia’s travel hubs. Here you can easily access all tourist amenities, such as bus tickets, ferry tours, the night market, royal palace, and riverside is also home to a host of cultural events & festivals.How has the riverside area changed over the years?In our area, there has been huge changes in very little time. We were one of the first western companies opening on street 13 just 2 years ago. Now there are countless new ventures, such as Q Foffee House, Trunkh, Bespoke, Opera Café and many more new brands.St 172 has also flourished into a renowned restaurant street now, with institutions such as Sundance, Sun moon hotel and Oskar Bar.Infrastructure has developed beyond recognition along Riverside too, including improved drainage. Flooding used to be a real risk on riverside - but now there are very few issues with this.Is the Riverside area good for investment?Anywhere in Cambodia is a good for investment in my opinion, as it is a growing, developing country.As I mentioned, riverside is the number one tourism location in Phnom Penh – and because it will retain that prestige for many years to come, prices will always go up. Activities are growing weekly, including new options for food, drinks, entertainment, music and festivals. Looking forward, Riverside is the perfect spot for a “cappuccino” strip for the city.Tell us about Yong Yap Properties. Yong Yap is a boutique real estate agency specializing in the Riverside area and focused on providing relevant, up to date data in a clear transparent way for our clients. In our short time, Yong Yap has established ourselves as the premier agency in the Riverside market and have built a brand around transparency, trust and quality service.What sort of clientele do you find are most interested in the Riverside real estate area?Foreigners are our main clients to buy/rent, and Khmer as owners - though this is starting to change as our real estate agency name develops more. Investors are interested in 3 things on riverside: firstly, buying properties for rental yield. Secondly, investment properties for capital growth (long term). And thirdly, what I call 'flippers', otherwise known as renovators.We also see a fair share of single expats needing accommodation, or deciding to buy for themselves. A part of this demographic are floating expats, especially from Thailand, who need temporary homes in Cambodia due to visa regulations and renewals.Retirees are another demographic we are seeing more and more of. They want to buy now, collect rent while they sort their affairs in their home countries; then, in the future, they have a great retirement home and money in the bank when they eventually move to Phnom Penh.Where do you see Yong Yap growing to in the future?We will stay focused on riverside, this is where we are experts. We are still growing here and just moved into a bigger office. We also offer cleaning service & renovation company - these two side businesses should assist our clients. We want to focus on modern style marketing methods, including video marketing, open homes, mail out flyers and we want to become more and more active in community projects.What’s the easiest way to start looking at Riverside properties?Of course, the best place to look for properties for rent or sale on riverside is by checking out the huge selection on www.realestate.com.kh, or Yong Yap’s website: www.yongyap.com. Don’t forget to call Yong Yap for a free consultation.Check out Yong Yap properties for sale and rent on Realestate.com.kh today!
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Savills Enters the Cambodian Real Estate Market
Savills Enters the Cambodian Real Estate Market
June 6, 2022, 5:06 p.m.
Realestate News
International property consultancy, Savills, signed a contract earlier this month with Keystone Property Consultants to make the local firm the Cambodia-based associate of Savills.The move strengthens Savills’ presence in South East Asia, and increases Savills’ Asia Pacific presence to 58 operations across 17 countries in the region. Sunny Soo, Managing Director of Keystone, has been working in emerging real estate markets in Malaysia, China and Mongolia since 1997. He arrived in Cambodia in 2010 and continued in the same profession. Soo says, “The hardware of the Cambodian property market is upgrading quickly; in a very short space of time, the country has become host to a new breed of world class projects that will change the city skyline beyond recognition. The advancement of these developments also means the software must keep up, and this means more professional and holistic real estate consultancy is in demand.”Savills, with their Indochina representative in Vietnam, has been in close contact with developers in Cambodia for over a decade. Hence, the Cambodian extension, through the association with a local sought after consultancy, is only natural, says Soo.Neil MacGregor, Managing Director of Savills Vietnam, said, “Current international clients of Savills were seeking investment consultancy and other services within Cambodia and Indochina region. The association with Keystone though will allow us to leverage both parties’ expertise, will further strengthening Savills portfolio across this dynamic region.”Soo also commented that a considerable amount of current projects underway in the Cambodian real estate market currently may encounter difficulties in the future due to lack of necessary preparation and calculated foresight in planning. “We are wishful for the opportunity to serve the industry and hopefully in time the market will recognize and welcome us as a valued consultant”, he said.Presently in the development of business infrastructure, expect to see the physical launch of the Savills’ association - Keystone in early 2016.
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Serviced Apartments in Cambodia: Make Life Easier...
Serviced Apartments in Cambodia: Make Life Easier...
June 6, 2022, 5:01 p.m.
Realestate News
Serviced apartments are the creme de la creme of the Phnom Penh, Siem Reap and Sihanoukville real estate sphere, and these luxury abodes include all amenities fit for a king, or queen.Serviced apartments are plentiful in Cambodia’s major cities, but prices are comparatively high and overall occupancy levels can be quite low. Serviced apartments are the number one choice for young professionals who want to live alone in the central city, close to work, and save time managing their home. They are also increasingly popular with families, who appreciate the privacy and quality of living in serviced apartment complexes. The supply of serviced apartments is only set to soar too - with a host of new options ready for occupancy in 2020 and beyond.What should I expect in my serviced apartments unit?When you start considering serviced apartments for rent, or possibly purchase, expect western style interior decoration, plenty of light and windows, views of the skyline, fully functioning kitchens - including ovens, clean and modern bathrooms, and expansive storage space and closets. What should I expect in the serviced apartments complex?Serviced apartment buildings will generally incorporate elevators, full security services (including a 24 hour guard, CCTV, intercom and possibly fire safety provisions), ample parking for cars and motos, fully equipped gym, and in most you can even find a swimming pool. When you live in a service apartment your landlord shouldn’t be hard to deal with - expect professional  and well-documented rental payment collection and fast feedback on requests for property maintenance. Make sure you get a good contract, here are a few tips!What should I expect in my serviced apartments amenities and services?In regards to services included in serviced apartment management fees, expect services such as house cleaning, laundry and drycleaning, fast and consistent internet, cable television, reliable water and a water heater for the shower and bath, and often serviced apartments also include full concierge service. The concierge will be able to help you navigate the city, book taxis and buses, and generally make sure everything is to your taste in your new home.  What's the price range for serviced apartments in Phnom Penh?Let’s compare service apartments vs. non-serviced apartments (prices based on Realestate.com.kh data):For serviced apartments:Lower = $600 – $800Middle = $800 – $1,400High = $1,500 ++For standalone apartments:Lower = $300 – $500Middle = $550 – $900High = $1,000 ++Check out over 200 serviced apartments for rent in Cambodia on Realestate.com.kh!
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Serviced Apartment Supply Bump
Serviced Apartment Supply Bump
June 6, 2022, 5:05 p.m.
Realestate News
In the first half of 2015, serviced apartment supply bumped up 14 per cent versus 2014 - meanwhile, rental prices remained similar to the year prior as a host of new offerings entered the local market. CBRE Cambodia’s recent report highlights that a total 349 additional serviced apartment units will come online within the local marketplace before mid-2016. 5797 units presently exist, and 11 more condo projects are currently underway. Check out CBRE's listings on Realestate.com.khHowever, the supply appears to be overshooting the current demand. Want to learn more about serviced apartment expectations?Overall occupancy rates of serviced apartment units have declined from 90 percent to around 70 percent at the end of 2014. However, showing slight improvement, this occupancy across all serviced apartment units rate grew to 80 percent this year, according to the CBRE report. Check out a video interview about how to find the best expat rentals in Phnom Penh. According to the report, on average, for a serviced apartment unit, a one bedroom unit or studio with 50 to 55 square meters varies from $1,000 to $1,500, two bedroom units with 70 square meters varies from $2,000 to $2,500 and three bedroom units with 110 square meters varies from $3000 to $3,500 per month, while “penthouse”units with 250 square meters are priced between $4,000 to $5,000 per month, according to the report, depending on the architecture and design. Make sure you get a good contract, here are a few tips!Check out over 200 serviced apartments for rent in Cambodia on Realestate.com.kh
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Win an iPad! Simply Upload Property this month!
Are you moving to Phnom Penh?
Are you moving to Phnom Penh?
June 6, 2022, 5:06 p.m.
Realestate News
Home & Living
Phnom Penh is the capital city of Cambodia and home to almost half of the expats residing in the country. Most expats liken Phnom Penh to Bangkok 10 or 15 years ago.The city retains its charm through the stunning landmarks of Royal Palace, Independence Monument, Wat Phnom, Pagodas, famous ‘wet markets’ such as Toul Tum Poung (Russian Market), Central Market (Phsar Thmei), Orussey Market, Kandal Market, Old Market and more. As well as local small business owners filling the streets with an array of local foods, breads and fruits at every corner.At the same time, a handful of retail malls have started opening (and will be opening) throughout the city’s districts, namely in Daun Penh, Toul Kork, Sen Sok, Chamkarmon, Meanchey, and the Boeung Keng Kang districts. Western expatriates will likely see more familiar brands in these areas while still enjoying the relatively cheap cost-of-living in the Kingdom.There is a wide range of accommodation options for expats in Phnom Penh, ranging from as low as $200 per month for a more Khmer style of living, right up to $2500+ for the penthouse in a top-tier international standard serviced apartment. Generally, expats will know what area they want to move to - reasons being: they may have some friends work or live there already, and others may simply want to live close to their work. The latter of which is a good rule-of-thumb to follow since the city has plenty of choices and landlords vying for expatriate tenants.Expats in Cambodia seem to have coined various terms for locations in Phnom Penh that don’t necessarily match how Cambodians identify those locations. Be wary of this when you are trying to catch a moto or tuk tuk using the “barang” (foreigner) location term. For example, an expat identifies BKK 1, BKK 2 or BKK 3 by these names - and whilst so do a lot of locals, in fact these areas are known better to locals as Boeung keng Kang 1, Boeung keng Kang 2 and Boeung keng Kang 3.Foreigners are also very familiar with the location known as riverside, which relates to the area of Daun Penh. Similarly, foreigners like to say Russian Market - which relates to the Toul Tom Pong area.The Riverside area (Daun Penh), which runs along the Tonle Sap just before the junction of the Mekong river, is traditionally where most of the expats in Phnom Penh choose to live, and is also home to many of the famous restaurants, bars, clubs, guesthouses and hotels in Phnom Penh. And it is definitely a hot spot for the night owls and tourists visiting Cambodia.Debatably, in recent times the most popular area of Phnom Penh that seems to be swelling with expats is known as Chamkarmon. Within Chamkarmon there are various popular locations with expats residing in Phnom Penh. The affluent BKK1, the cosmopolitan Tonle Bassac and the rapidly rising in popularity Russian Market area (Toul Tum Poung) are all within the district of Chamkarmon. Generally speaking, if you are moving to Phnom Penh - you will most probably find yourself living somewhere in the district of Chamkarmon or Daun Penh.These are generally the districts expats frequent since they feature familiar brands and most businesses have employees who can speak a good level of English - something that’s not often talked about but makes a huge difference in making Phnom Penh an easy place to move into compared to its neighbours.This brief article, hopefully, should give you a quick glimpse of what it’s like to move and live in Phnom Penh. More and more expats are moving in every year as they fill important roles in the expanding business portfolio of the Kingdom.If you’re heavily considering moving to Cambodia for work, retirement, or even simple leisure, you can get started by looking for a place of your own in Realestate.com.kh’s property listings featuring over 20,000 properties for rent and sale.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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Dream Home Report : Unique Khmer Homes 2
D'Seaview Boulevard Commercial Units Open Sales
D'Seaview Boulevard Commercial Units Open Sales
June 6, 2022, 5:05 p.m.
Realestate News
D’Seaview brings Sihanoukville its first residential and commercial mixed development, located alongside Sihanoukville’s most beautiful beaches. Cambodia’s southern coastal resort town, Sihanoukville, is not only one of the nation’s premier tourism destination, but the fastest growing business hub outside of Phnom Penh.An iconic development standing 28 storeys high brings to Cambodia a collection of premium executive condominiums, commercial units and a budget hotel, all in one serene living complex. See the D'Seaview listing on Realestate.com.kh today for full information on this exciting project!Now that D'Seaview sales are off to a strong start, Camhomes would like to announce the opening of sales for their commercial units that will service the residential and hotel complex.These units for sale will be located along the exclusive D`Seaview Boulevard – a new lifestyle hub for shopping and entertainment in Sihanoukville. Want to inquire about the D'Seaview commercial opportunity? Contact Camhomes today!In total, 66 commercial units are up for sale in various sizes suitable for all types of trade. The selection of commercial units includes shop houses, 1 and half or 2 and half storey, standard retail units, and SOHO units with high ceilings and flexible furniture options. These commercial units are located on the trendy D`Seaview Boulevard board walk and will be perfectly suited to café and bar uses, with a serene location ideal for alfresco dining alongside the Sihanoukville shoreline. Camhomes is also seeking tenders on the hotel that will service the D'Seaview complex, and food and beverage vendors for the range of plaza outlets within D'Seaview - and its awe-inspiring sky bar.  This unique lifestyle destination offers commercial vendors an investment opportunity which is set to inject life into the already popular tourism and residential area. Contact Camhomes today for more information, because these residential units will not last long.
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Savills looks to Cambodia
Construction Investment Increases to $3 Billion this Year
Construction Investment Increases to $3 Billion this Year
June 6, 2022, 5:06 p.m.
Realestate News
From January until November of this year, the construction investment mounted to $2.96 billion, marking a 27 percent increase compared to the same time span in 2014, according to new data released by the Ministry of Land Management, Urban Planning and Construction (MLMUPC).Im Chhun Lim, senior MLMUPC minister announced the new figures at the annual construction fair that was organized by Cambodia Constructors Association (CCA) last week. According to Lim, of that total amount, $1.5 billion, or around 54 per cent, is invested in buildings ranging from 10 to 55 storeys. On that note, the investment prompted the minister to call 2015 “The year of condo and apartment construction.”Pung Kheav Se, head of CCA stressed that the exhibition was “to show the development and improvement of the construction investment in Cambodia, as a result, there are multi-storey buildings [and] modern structures roaming up the capital city of Phnom Penh, which is stunning.” He added that the fair was essential to present the supporting activities of the association as well as the government’s plans for the construction sector. Not addressing any government plans for the next year however, Im Chun Lim dwelled on “political stability, the social security and the economic policy of a free market and the good construction investment conditions the government created in previous years,” which has made Cambodia’s economic growth of 7 per cent per annum possible, with the construction sector contributing the biggest growth figure of two per cent. Unmentioned however, was the warning issued by the World Bank this October that pointed out the threat of an over reliance on the construction sector as its growth outpaced traditional industries like agriculture and garments. Nor was there mention that Cambodia ranked among the lowest in the World Bank’s latest Ease of Doing Business report. The report specifically singled out Cambodia as the ASEAN member state where getting a construction permit and registering property was the hardest in the world, ranking 181 and 121 respectively. Supporting the notion that Cambodia’s construction surge came from circumstances, rather than effective policy making, Sung Bonna, director of Bonna Realty Group, said that the recent growth of real estate investment over the last year, happened due to the oversupply of real estate in China, Hong Kong and Singapore, thus resulting in the relocation of investors who see Cambodia as a new market that can draw substantial profits. “As our country is small, when the investors flock in, we feel it is a lot, while in fact some of the investors also spread to other countries like Vietnam and Myanmar,” he said. Siv Meng, Phnom Penh Post, Post Property.
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Condo Property Management, Forgotten Risk
Condo Property Management, Forgotten Risk
June 6, 2022, 5:05 p.m.
Realestate News
In their purchasing decision condo buyers often pay little or no attention to who will take charge of property management upon completion of the development and what quality property management actually costs. Without effective property management and the necessary according fees, the impact can be catastrophic on re-sale value and the ability to rent a condo, according to Simon Griffiths, associate director at CBRE Cambodia. Check out CBRE's property listings on Realestate.com.kh today!Exclusively for Post Property, Griffiths explains why developers and condo buyers in Cambodia should consider more on property management, management service fees and what it really means to their purchasing decision. “While the real estate market in Cambodia is ‘hot’ and new condo developments are rising out of the ground all over Phnom Penh, a rarely discussed topic is how these new condos will be managed once they are built and online. With property management (PM) being a decisive factor in the enjoyment of a condo, not to mention potential re-sale values and rental returns, the topic neither receives attention nor interest from many buyers. Understandably and rightfully so. Price, location, developer reputation, facilities and amenities are key determining factors on which a condo buyer will make a ‘buy or not’ decision. However, property management and according fees are crucial components when it comes to owning a condo. In one sentence: Buyers beware of low management service fees (MSF)! Consider buying a Porsche sports car. Would you then use the cheapest gasoline off a street vendor or pay the extra 20 cents a litre for the premium gasoline that is meant to protect the engine? Would you clean your car regularly at the additional cost or let it be covered in dirt? You would want to protect and enjoy your investment. The same principle holds true for property investment. Low cost PM will manifest in low quality PM and will quickly become visible to buyers and renters even in the short term. With poor management, the value of a condo investment is at risk, not to mention the enjoyment of anyone living at the condo. Why then, so often, do buyers invest in premium condos and then actively seek-out and desire lowest price MSF’s? Let’s set put this discussion in Phnom Penh’s market context. The often so called ‘standard market price’ for condo management service fees in Phnom Penh is set between $0.5 and $1 per square metre and buyers commonly consider $1 per square metre overly expensive. Consider then a scenario with 100 condominium units at 100 square metre each. If you manage this building at $0.50 per square metre the PM monthly budget is $5,000. This will need to cover a building manager, accountants, handymen, technicians; building insurance; cleaning; 24 hours security; cleaning materials, mechanical and electrical parts and so much more. Simply put, this budget may keep the building functioning but only just, and the initial ‘on the surface’ benefit of a low MSF would quickly transpire into low safety standards, broken machinery and equipment and a poor condition building in a short space of time.  Check out some new condo projects here!Now, would you desire a low price MSF or consider paying more for quality? But even at $1 per square metre MSF for the building in the above scenario, while it would be possible to provide functional PM, there is little room for high quality services and sacrifices would need to be made in cleaning, security and mechanical and electrical maintenance to keep within the budget, thus showing that the MSF so called ‘market rate’ (in some cases) is artificially low and being driven down by buyers who are mistakenly prioritizing ‘low price’ PM as a positive factor in a purchasing decision. In effect, condo buyers’ MSF expectations are often too low set by a ‘market rate’ that makes it difficult for developers to truly deliver promises of high quality. Couple this with the successive increases in minimum wage levels, and achieving a quality PM service becomes an increasingly difficult proposition. In summary, the so called ‘market price’ for MSF in Phnom Penh in many cases is not feasible and creates a situation where there is a disconnect between buyer expectations and what will actually be delivered in terms of PM service quality. The result is a situation where lowering MSFs effectively may secure sales but creates unrealistic expectations. Selling high quality PM with a low budget makes it almost impossible to deliver on such promises. So how should the developers and buyers think and behave? Developers should not be looking for the easy or quick way out of setting an unrealistic MSF to achieve extra sales. This is flawed and would inevitably lead to unsatisfied buyers come the time when the building opens and is short sighted. Developers need to invest time, energy and knowledge to ensure relevant PM services are installed and embedded within a development before they ‘exit’ and ensure MSF’s relevance to the quality of the development. Buyers should consider more than the bottom-line price in relation to MSF. Consider your expectations, quality and what you want from your condo investment. If you desire a low price, expect low quality and manage your expectations accordingly. Simon Griffiths, associate director at CBRE Cambodia, Phnom Penh Post, Post Property. Check out CBRE's property listings on Realestate.com.kh today!
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Century 21 Bring Japanese Investors

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