It seems that only a few months ago, commuters on National Road 3 complained about the difficulty of commuting due to the bad road conditions, but recently the Ministry of Public Works and Transport released new updates on the latest progress in the rehabilitation of National Road 3 - soon approaching 100% completion.Senior Minister Sun Chanthol and a joint delegation inspected the progress of National Road No. 3 on June 22, 2021, a long stretch of road from Chom Chao roundabout to Kampot and has a total length of 134 kilometers. The project was built by China Road and Bridge Corporation under the technical supervision of Guangzhou Wanan Construction Supervision Co., Ltd.The project took 48 months to build, with a total budget of $219,911,000, with financial assistance from the People's Republic of China and the contribution of the Royal Government of Cambodia. This project is almost 100% completed.The road will also be equipped with 14 speed cameras and 2 weighing stations. Plans are also in place to install AI Camera and High Speed ​​Weigh in Motion sensors.On that occasion, HE Senior Minister requested all people who use the road to respect the law to take care of our national property to survive and use for a long time because the Royal Government has made efforts to raise funds to build difficult and insisted: "Do not risk overweight transport that causes road damage. Do not cause traffic accidents, do not exceed the speed limit set by law to contribute to the building of our motherland to grow even more under the wise leadership of Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia."HE Senior Minister also shared plans to improve National Road No. 41, National Road No. 31, National Road No. 33, the construction of the bridge in Kratie, and some other construction projects to help reduce logistics costs to attract investors.It should be noted that the completion of the National Road 3 project will not only save time and money to travel to the area along the road, but it will also promote tourism to the relevant provinces to attract more tourists.

The BTS SkyTrain in Bangkok is an example of a mass transit system running through a city’s busiest areas. Photo from Property News.The feasibility study of the Monorail Way and Subway project for Phnom Penh has been completed, according to Sun Chanthol, the Minister of Public Works and Transport. In the report to Say Chhum, the President of the Senate, the MPWT Minister shared the achievements and progress of the Ministry with the rest of the government ministers.Minister Sun Chanthol additionally reported that the MWPT cooperated with the Japan International Cooperation Agency (JICA) to plan the development of the Electronic Data Interchange (EDI) Port project, the upgrades to the Phnom Penh Autonomous Port, and the development of a mass railway transport system.The absence of a mass transport system remains a much-needed development sector in light of Phnom Penh’s rapid city growth and expanding middle class. While a growing road traffic volume may indicate increasing economic activity, there are drawbacks such as increased travel time, fuel costs, and environmental damage.While technical specifications of the proposed city train have not yet been unveiled, it was noted that the train and railways will be using materials to reduce noise coming from the train - a factor that will affect the living standards of residents nearby the tracks and stations. The cost of this recently proposed train is reportedly lower than those previously considered.There has been no report on the possible train route as of writing. It is worth noting, however, both residential and commercial properties nearby mass transport projects see a significant increase in value given the nature of mass transport systems making it easier for commuters to go to the busiest areas of a city like Phnom Penh.Article by:

Sihanoukville continues its construction boom even after the departure of online casinos in late 2019. Supplied. Sihanoukville was once a city that drove both local and international headlines. Considered the next hot property investment destination, Sihanoukville blew up as a prime residential, commercial, retail, and up until 2019, gambling hub in Southeast Asia. The city was the microcosm of Cambodia’s rapid development in the past decade. Boomtowns, like Sihanoukville, are cities experiencing a fast pace of growth but often have limited infrastructure to support them. Photo from the Southeast Asia Globe. Sihanoukville, a once-sleepy beach town on the southern coast of Cambodia, became a boomtown in light of Cambodia’s fast-paced real estate growth and the rise of online gambling operations in Southeast Asia. The latter was a key driver to the city’s growth as droves of operators flocked to the city to take advantage of gambling licenses allowing operations to be set up legally. Online casinos geared towards the Chinese market were the most prevalent in the city attracting many Chinese nationals to move and work in the city. The influx of a new market with higher budgets drove Sihanoukville’s property markets to skyrocket in a matter of months. According to the Khmer Times, the government granted over 160 gambling licenses to operators across the country in mid-2019. Photo from Bloomberg/Getty Images. The city’s boom would soon meet its first slow down as in August 2019, the government decreed that it would no longer accept and renew online gambling licenses. The news rippled throughout Cambodia forcing online casino operators to move out of Sihanoukville and other gambling towns like Poipet (bordering Thailand) and Bavet (bordering Vietnam). According to government numbers, over 100,000 foreign nationals left the Kingdom by early 2020. The exodus of online casinos from Sihanoukville would not be the end of its struggles. As Cambodia ushered in 2020, the outbreak of COVID-19 soon reached the Kingdom with the first positive case of a resident of Sihanoukville province. The already dwindling numbers of international travelers further hurt Sihanoukville’s economy transitioning back to a beach resort/ecotourism for local and international visitors. The COVID-19 outbreak was a blow to the city that put it on its economic knees. Despite the bygone days of gambling, Sihanoukville still had aces up its sleeve. Sihanoukville’s new look in 2021 Photo from Discover ASEAN Facebook. Historically, major port towns throughout history have developed the fastest with some progressing to become the capital cities like Bangkok, Manila, Tokyo, and Singapore. Sihanoukville may not be Cambodia's capital, but it may as well be the queen city of the south as it hosts Cambodia’s only major deep-sea port managed by the Sihanoukville Autonomous Port (PAS). This allows the city to be the gateway of international brands to Cambodia’s growing consumer market. Photo from Discover ASEAN Facebook. As a province, Sihanoukville is home to many Special Economic Zones (SEZs) providing much-needed employment and skills to the area. Sihanoukville also has the Sihanoukville International Airport (KOS) which delivers tourists directly to beaches that have seen many renovations after the departure of online casinos and the lull in international travel. Photo from Discover ASEAN Facebook. The hurdles the Sihanoukville experienced in the past 2 years may have slowed its progress but it has not put it to a halt. On the contrary, it has even allowed for big luxury developments like Morakot Island (Koh Puos) to establish itself as a private island getaway offering large villas in the city. Sihanoukville, on the grander scheme of things, has been afforded the breathing space it needed to quietly transition into an area that capitalizes on its manufacturing hubs, skilled labor, natural resources, and access to the wider international market. Interested in properties in this major coastal town? Check out our property listings in Sihanoukville. Article by:

Morakot Island (Koh Puos), a scenic Cambodian island off the coast of Sihanoukville city, just a few short years ago, the wild and beautiful gulf coast serving as an exotic destination attracting adventurous vacationers, sport fishermen, and scuba divers from around the world. Today the area is destined to become the new “gold coast” location of Southeast Asia. Morakot Island is a unique, master-planned, luxury residential and resort community, located on one of the most beautiful islands of Cambodia. The island is peacefully removed from the noise and congestion of everyday life, just a few minutes away over the 950m Techo Morakot road bridge from Sihanoukville, the third-largest Cambodian city known for its fast development and innovative business environment. Morakot Island’s natural beauty and welcoming culture attract locals, international visitors, and investors, who sense the near-future opportunity of the region. Morakot Island is strategically located in one of the most exclusive property developments in the Kingdom of Wonder making it private heaven where an incredible experience awaits. It serves well as a residence for those who have plans for this commercial-heavy area, all while providing comfortable living and distance afforded by an island.Morakot Island has an exclusive Villa Collection of 36 sea-front residential lots for its residents. These stylish villas come in 5 different types (Orchid, Lotus, Plumeria, Magnolia, Jasmine). Ranging in sizes up to 565sqm, all are designed with the best in comfort, aesthetics, and functionality in mind. Designed with classical Khmer style architecture, villas are fully equipped with modern interior design, top-notched materials, and amenities that allow residents to enjoy a luxury private lifestyle in the tropical paradise. Get the full experience of living in your own island heaven by waking up to breathtaking sea views that face every villa. Each villa features high ceilings, full-length windows, and doors that open out onto the balconies, taking advantage of the fresh sea breeze and natural light that fills each villa’s generous spaces.All amenities that come with resort living are combined with the comforts of home, made to the highest international standards. Residents will be able to choose from among the many beautiful apartments, bungalows, and villas complemented by a peace of mind afforded by the latest in security technology rolled into each home. Overlooking Instagram-worthy views are the island’s numerous recreational centers complemented by beautiful natural features only found on island properties! For the health-conscious, the island will soon be equipped with a luxury spa and wellness center. They all contribute to making Morakot Island its own self-contained paradise, providing residents with a lifestyle of exclusivity and comfort unmatched by many.Morakot Island would also provide robust transportation options for its residents. Where one can live comfortably, one should also be able to travel swiftly and securely wherever, whenever possible. This is why the island is only 26km away from the Sihanoukville International Airport (which offers direct flights to China, Singapore, Malaysia, Macao, and Thailand, to name a few). Additionally, the Phnom Penh-Sihanoukville National Highway #4, to be completed in 2022, is bound to drastically cut the 232km distance from the capital of Phnom Penh and provide a quick link to residents who want a quick way to the capital and back to the privacy of their island home.The Koh Puos (Cambodia) Investment Group, Ltd. (KPIG), Morakot Island’s developer, envisions the area to become a multi-purpose destination that provides visitors and residents alike only the finest the world can offer. It is to be a venue where the luxuries of an island vacation meet with the comforts of a home residence to create a premium luxury lifestyle.

The Online Flash Sale has officially started with the discount reveals on 15 new developments and dozens of resale properties including condos, shophouses, and land properties all across Cambodia.That’s a lot of properties with great deals to consider! So, Realestate.com.kh is making it easier for you to get started on your home search:Stardream Lake Tourism TownFinal Price: $25,200 (discounted from $36,000)Location: Botum Sakor, Koh KongDeveloper: Coastal City Development Group Co. Ltd.,The Stardream Lake Tourism Town’s expansive land area allows it the space to create a small business center within its vicinity. This project, the biggest to come to the area yet, will soon propel the Koh Kong province as a new investment hotspot in Cambodia, and perhaps even South East Asia.Project highlights:Premium land plots available for both local and international ownership with long-term leaseholdThe whole project is close to the sea and features 2 landscape lakes surrounded by an ecological parkSpacious residential areas supported by a central commercial area to provide for residentsStrategic location in Cambodia's increasing participation in global trade, transportation, and tourismAngkor Grace Residence & Wellness ResortFinal Price: $138,840 (discounted from $178,000)Location: Svay Dankum, Siem ReapDeveloper: Angkor Hearta Development., Co Ltd,Angkor Grace Residence & Wellness Resort is a resort getaway that puts an emphasis on providing the utmost comfort to visitors through its fully-fitted 60 residential units available for a unique investment opportunity.Property highlights:The first condo-resort in Siem ReapThe premier green-focus project in Siem ReapQuality residences by one of Cambodia's reputable companiesPremium amenities to provide a serene and memorable stay75% Guaranteed Rental Returns over 10 yearsVue AstonDiscount: $67,900 (discounted from $78,124)Location: Nirouth, Chbar AmpovDeveloper: The Peninsula Capital Co., LtdThe Vue Aston is a 38-storey luxury waterfront project with residences putting an emphasis on providing comforts similar to what can be found in city centres. It is the most sophisticated upcoming development in Chbar Ampov having only started groundwork in 2020.Property highlights:Prime location in Nirouth, Chbar AmpovSurrounded by OCIC's upcoming Nirouth Satellite CityNear the upcoming Koh Pich-Koh Norea BridgeFull-featured in-house amenities: executive lounge, banquet hall, gym & sauna, infinity pool, and children's playroom (just to name a few!)High-quality residential units with full panoramic views of Phnom Penh's mighty rivers35% Guaranteed Rental Returns over 5 yearsThe Online Flash Sale features a dozen other new developments along with many resale properties across Cambodia. If you haven't registered for the event yet, it's not too late. Free sign up here.

According to a public post by the official Facebook page of the Ministry of Public Works and Transport, the project to build the Phnom Penh-Sihanoukville Expressway has achieved 51.35% completion. The expressway has a total length of more than 190 kilometers connecting Village 1, Sangkat Samrong Krom, Khan Por Senchey, Phnom Penh to Village 1, Sangkat No. 3 Sihanoukville. The project is estimated to finish by May 31, 2023.The expressway project is one of several large-scale infrastructure development projects that are undergoing construction as planned, despite Cambodia still reeling from the impact of COVID-19.It should be noted that the construction of Phnom Penh-Sihanoukville Expressway through Phnom Penh 8.30 km, Kandal 9.10 km, Kampong Speu 80.80 km, Koh Kong 1.92 km, and Sihanoukville 89, 89 km, with a total construction cost of about 2 billion US dollars, invested by the China Bridge and Road Corporation (CRBC) through Cambodian PPSHV Expressway Co., Ltd.The traffic lane for vehicles is 15 meters wide, divided into 4 lanes (2 lanes for each way), the lanes measure 3.75 meters wide, allowing all types of vehicles to drive at speeds of up to 100 km per hour and some places Can reach 120 kilometers per hour. The project includes the construction of seven diversion roads, 28 intersections, 237 underpasses, 20 expressways, and 20 flyovers.Construction of 3 service areas or parking lots, 1 parking lot, 4 road operation and maintenance centers, and 9 toll booths, and all equipped with road equipment, including traffic signs, traffic lights, and signs.Once the expressway project is completed, it is expected to save a lot of travel time, which will be facilitated by cost savings and accelerate the economy as well as tourism activities.

The day we’ve all been waiting for is here: The Online Flash Sale is starting NOW!The Online Flash Sale is featuring 15 new developments and dozens of resale properties offering time-exclusive discounts from June 3 (Thursday) to 6 (Sunday). Don’t miss this chance to own your dream home at a BETTER PRICE!How to get your discount:Sign up for the Online Flash SaleVisit the Online Flash Sale website on June 3 to 6Select among the discounted propertiesSecure your discount with a refundable $200 reservation fee**The fully refundable $200 reservation fee is also deductible from the final sale price.*Payment methods accepted: Visa, Mastercard, UnionPay, and ABA Payway.Don't miss this chance to get a discount on your dream home - only during the Online Flash Sale!

VTrust Express Co., Ltd., a real estate appraisal company in Cambodia, recently signed a memorandum of understanding with the Credit Bureau Cambodia (CBC) to integrate digital real estate appraisal services.The joint venture between the two companies will create a real estate appraisal service called Indication Plus. Indication Plus will allow clients or partners with real estate appraisal needs to find and request access to CBC's credit history management platform.According to Mr. Vong Sokhal, Chairman of the Board of Directors of VTrust Express, Indication Plus is a modern and accurate real estate appraisal service that can analyze and issue preliminary real estate appraisal reports fully and automatically. This digital appraisal service is formulated by Real estate professionals using international real estate appraisal standards. Indication Plus This allows users to use it wherever they are.Oeur Sothearoth, CEO of CBC, pointed out that about 50% of the loans given to borrowers in the market are secured by the property being applied for, so, finding out the value of the property is very important in assessing the credit. He also strongly believes that the cooperation between the two companies will bring high efficiency to the financial sector.

(Phnom Penh): What customers have been waiting for a long time has arrived, Tulip Shop House is launching a new block from today with more profitable payments, just pay starting from 1% Of house price with no interest and no deposit required.This type of shophouse is located right next to the main gate of the project itself, along 105K road, with house size (4.5m x 18m) and land size (4.5m x 22m) and up to 3 floors and is the best location for Customers doing other business.Please also note that the Orkidē The Pochentong project is not only has a shophouse but also has a single villa (Marigold) and twin villas (Sunflower), which are all modern homes for modern people. Especially, customers can choose the monthly payment option starting from 1% of the house price with no deposit and no interest and can get up to 10% discount.Please be hurry up, this rare offer has a limited time! Please visit our Sale Gallery of Orkidē The Pochentong Project, which is located along 105K Road near Wat Tangkasang (on the railway line in front of Pochentong Airport), Sangkat Phnom Penh Thmey, Khan Sen Sok, Phnom Penh, or contact by phone: 098 733 333.

We’ve all heard about it and we’re all waiting for it: The Online Flash Sale recently unveiled the first few developers offering discounts to buyers like you!The question now is, how do you join and get the discounts during the event itself on June 3 to 6?How to register for the Online Flash SaleSTEP 1: Visit the registration page of the Online Flash Sale. It should appear something like this:  STEP 2: Fill out the necessary fields marked with an asterisk*STEP 3: Once you entered your phone number, click on “Send me SMS code”STEP 4: Enter the SMS CodeNOTE: If you are unable to receive an SMS code, kindly contact our live chat and our staff will gladly assist you in registering.  STEP 5: Set your budget and click on the boxes that apply to youSTEP 6: Click Register!What happens after I register?You can stay tuned for the weekly updates on properties onboard the Online Flash Sale. The event site is being updated regularly since the launch last May 6 and you can learn more about the new developments and resale properties soon to be revealed from June 3 to 6.How to get a discount during the Online Flash Sale:Securing a discount is easy! Simply visit either the “Projects” or “Resale Properties” Tab to view New Developments and Resale Properties offering you a discount!  From here, you can browse properties offering exclusive discounts! Click on the property you’ve selected and if it’s to your liking, be sure to click the “I’m Interested” button found on the right-hand side of the screen.  You have to be quick! There are only a limited number of discounts available from each developer, so be sure to click on that button and make your reservation with a fully refundable $200 reservation fee.* (Visa, Mastercard, ABA Pay, and Union Pay accepted)*Terms and conditions apply for the refundable $200 reservation fee. Two main things you have to remember: The fee can be refunded within 14 calendar days. It’s also worth noting that the reservation fee is deductible from the final price of your new property once you formally buy it!Got any more questions about the Online Flash Sale? You can visit the Online Flash Sale FAQ here.Or are you, like most people, excited to get a big discount on your new home? Register now!

The Legacy Villa is Borey Williams' best-selling floorplan out of all our home styles. Each Legacy Villa comes standard with a huge grassed-in plot of land measuring 300 square meters (15x20m). The home size measures 10m x 10.5m and is 2 floors. This large single-family villa has four bedrooms, five bathrooms, a living room, kitchen, and extra laundry room. The exterior design of the home incorporates an ultra-modern styling, with natural dry-stone wall cladding, natural wood paneling, and a two-tone modern paint scheme that is tastefully pleasing to the eye.As soon as you walk into the Legacy Villa you see a white granite spiral staircase next to a 6-meter-tall picture window, and a crystal chandelier making the interior sparkle. The Legacy’s interior is an American-style open floor plan with floor-to-ceiling windows, matte finish tiles, a kitchen island, and lots of cabinetry for storage. The kitchen connects to your living room which is great for entertaining guests and enjoying family time.This floor plan has many special features including natural custom-made wood doors, granite countertops in the kitchen and bathrooms, a large 14 square meter balcony connected to the master bedroom, and also double sinks in the oversized master bathroom. This home is customizable as many customers expand the floorplan further to add extra rooms such as an extra bedroom, a home office, walk-in closets, or a game room for kids.The Legacy Villa starts at only $155,500 per home and a low monthly installment of $718/month.

The 2021 Realestate.com.kh Flash Sale is now live! Property seekers that are looking for the best deals in the market can now start browsing properties on the Flash Sale website, before the discounts are revealed on the 3rd of June for 4 days only. This year developers will only be offering special discounts on a selected number of units, so whilst the discounts will not be revealed until the 3rd of June, all interested buyers are highly encouraged to “register their interest” in particular developments and properties in the lead up to June 3. Once buyers register their interest, they will then be able to connect to the developer or agents straight away so buyers can obtain all the information they require before making a buying decision between the 3rd - 6th of June. Buyers are also encouraged to look at the resale properties section, where we have brought together some of the best under market value properties in Cambodia. Again, make sure you register your interest, as these properties are a once off!Throughout the month of May Realestate.com.kh will continue to add new projects and under market value properties in the lead up to the 3rd of June.The Online Flash Sale is part of Realestate.com.kh’s endeavours to connect buyers, agents, resellers and developers despite current movement restrictions. Economic slowdowns have historically been times where savvy property investors have secured properties at lower prices, and the Online Flash Sale will do exactly that for both local international buyers!How do I participate?STEP 1: Visit onlineflashsale.realestate.com.khSTEP 2: Register to receive weekly updates on new properties that are added to the event STEP 3: Browse properties and register your interest to be connected to developers directly STEP 3: Book your units - June 3 to 6!To kick the event off in style, we are launching some of the hottest projects right across the country! Stardream Lake Tourism TownDiscount: To be revealed on June 3 to 6Location: Koh KongDeveloper: Coastal City Development Group Co. Ltd.,The 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 tourismClick here to see more detailsAngkor Grace Residence & Wellness ResortDiscount: To be revealed on June 3 to 6Location: Siem ReapDeveloper: Angkor Hearta Development., Co Ltd,Despite only being a few minutes away from the busy center of Siem Reap, Angkor Grace Hotel & Residence still affords residents the luxury of verdant landscapes rarely found in modern large-scale properties. The entire project measures 22,670 sqm largely composed of pristine greenery, the influence of which manifested in the residential units made with concrete and solid wood panels that pay homage to Cambodia’s rich architectural heritage.Click here to see more detailsVue AstonDiscount: To be revealed on June 3 to 6Location: Chbar AmpovDeveloper: The Peninsula Capital Co., LtdVue Aston is a newly launched condominium development in 2020. The development is located along the riverside in Norea Island which is a new residential development area. The development of a new bridge is scheduled to take place in the area and will serve as new access to Downtown Phnom Penh. This accessibility development is expected to attract greater traffic flow and land-rise which will drive the area to be the next potential development zone.Click here to see more detailsOther top properties offering great deals exclusive to this event:R&F CityWorldBridge Sports VillageCity GemThe Peninsula Private ResidencesLe Conde BKK1Ratana Plaza Top ApartmentGolden Tower 322Borey Icon KampotBorey Nadi by GC CityMake sure you also check out the best resale properties at the event as well! Register now!

Much of the Cambodian economy remains at a standstill as stricter quarantine measures are warranted to curb its spread. The Cambodian government has extended the lockdown of the capital city for another week and new zoning restrictions were implemented to halt its spread to other parts of the city. While these new measures appear to be means of allowing lower-risk areas to continue economic activity, it does beg the question: What about the rest of the Cambodian economy?Group CEO of Cambodia Investment Management Holdings, Anthony Galliano, joined Realestate.com.kh CEO Tom O’Sullivan in a discussion of the impact of lockdown measures on the Cambodian economy, specifically looking at its tourism, garment & textiles, agriculture, and construction & real estate sectors.The tourism sector has been the hardest hit since the global outbreak of COVID-19. The Ministry of Tourism’s report indicated that tourist numbers dropped by 80% in 2020, with only half of the first quarter of that year seeing arrivals comparable to previous years.“Tourism and hospitality are not in the best position at the moment,” said Anthony. “There was hope at the tail-end of 2020 but that the February 20 incident upset that”. Travel restrictions, from both ends of the flight, prevent most would-be tourists from coming to Cambodia. Anthony added that travel restrictions have stymied the growing tourism industry and the hospitality sector as a result.Tourist numbers have steeply declined over 2020 with continuing travel restrictions. Photo by the Khmer Times.Anthony noted that some form of international travel is returning like in China, Europe, and the United States but travel between South East Asian countries remains largely limited. “The gross revenue from tourism has been reduced to just over a billion dollars in 2020, a steep decline from the 4.9 billion we saw prior to COVID-19,” Anthony observed. He added that what activity tourism and hospitality saw in 2020 was frontloaded in Q1 before global tourism was put to a halt and that 2021 may be a more challenging year.The garment and textiles sector, which contributes 16% of GDP has done relatively well throughout the past year COVID-19 has been present in Cambodia largely due to healthy exports overseas, particularly those heading for the United States. The recent findings of positive cases in garment factories around Phnom Penh, however, have resulted in factories suspending operations and the sector is now facing problems of its own.The government recently announced that garment workers in factories under lockdown will receive a 50% salary in April. Anthony mentioned that this may affect the supply chain and put manufacturers in a position of struggling to meet orders. “This puts the sectors at risk of some orders being diverted to other production facilities like in Vietnam, Bangladesh, and Indonesia'' he said.Farmers find it difficult to transport goods during the lockdown. Photo from the Khmer Times.The agricultural sector is another big contributor to Cambodia’s economy employing a third of the workforce. Cambodia’s primary exports of rice, fruits, and vegetables have been integral in its export portfolio. However, Anthony observes a trend towards “self-consumption” instead of production on a large scale.“It’s an unfortunate trend as there’s a lot of small-scale farming. The country’s agricultural sector has held much promise in large-scale production that has not been realized yet” said Anthony. He says that one of the biggest problems of the sector is the low amount of foreign direct investment it receives compared to other industries in Cambodia despite consistent support from the public sector.“One of the things that could help is the Free-Trade Agreement with China,” said Anthony. He mentioned that part of the FTA is the exports of Cambodian agricultural products to China. The arrangement is already bearing fruit with a large shipment of mangoes worth $470 million. Anthony cites this as a momentum to increase agricultural production and exports despite COVID-19.In terms of real estate, Anthony noted that land properties remain an extraordinarily resilient market. “The land market is almost always on the uptrend and I’ve never met anyone who said they bought land and lost money on it,” he said. Owning land property remains a largely exclusive right to Cambodian citizens and has been a source of a boon for many landowners selling or leasing land in the wake of the Kingdom’s fast-paced development.On the other hand, new developments such as condominiums have seen some downward pressure following the community outbreak. “Volume of transactions are down by 15% to 20% in the condo market and we’ve seen prices go down by 20% to 30%,” said Anthony, “There are even some offering up to 40% discounts which shows a short-term slowdown in the market”.Anthony shares the observation much of the condominium market has been focused on the international market. But as travel restrictions currently stand, these buyers are not able to see the properties for themselves, and as a consequence, do not pursue purchases as they did prior to COVID-19. Nevertheless, Anthony reminds everyone that Cambodia’s real estate market is still in its early stages.“In my 20 years in Asia, if you look at the skylines of Bangkok, Jakarta, Kuala Lumpur, and Manila, these markets started out with very little development and they just exploded and demand self-fulfilled itself over the years,” he said. Historically, dips in the market have been windows where property buyers keen on making a good investment by buying low. Cambodia’s current market landscape presents an opportunity to look for deals on the market.Phnom Penh’s city skyline at night. Supplied.At the start of 2021, the National Bank of Cambodia forecasted a 4% economic growth for the Kingdom if vaccines can successfully curb the spread of the virus. “The light at the end of the tunnel appears to be flickering in and out every time there is a community spread” according to Anthony, “But there are silver linings in all of this”.Anthony lauds the government, particularly the Ministry of Health, for having a vaccination plan in place. “The government is quite well-organized. Vaccinations are arriving, there’s a schedule of different vaccines, and the Ministry of Health has a very clear plan of distributing these vaccines” he also credited the business community for their financial support and the commitment of the population to implemented quarantine measures.“The lockdown has somewhat slowed the infection rates. I believe that vaccine rates will go up in the next couple of months and we might see a rebound by the 4th quarter” he said. He cautioned that the first signs of recovery may not include tourism. But other industries, such as construction & real estate, garment manufacturing, and agriculture may see initial signs of rebounding towards the end of 2021.Looking to get in on the next live interview? Sign up here!

While Cambodia has been facing COVID-19 for more than a year, it is only now that a strict government-enforced lockdown has been implemented. Many businesses, particularly in the real estate sector are wondering: “What happens now?”CVEA President Chrek Soknim joins Realestate.com.kh CEO Tom O’Sullivan in an exclusive interview to discuss how the real estate market is responding to the new measures and how to best navigate the market throughout the lockdown.CLICK HERE TO JOIN THE LIVE INTERVIEWThe interview will start on April 21st, 2021 @ 2pm GMT+7. In keeping with lockdown measures, the interview will be conducted via Zoom and will be streamed on Realestate.com.kh’s Facebook page.Realestate.com.kh is continuously working to provide local property seekers and international investors with the tools and information in relation to the Cambodia property market.

Borey Lorn City is one of the anticipated boreys soon coming in Chaom Chau 2, Por Sen Chey. Supplied.The supply of landed property projects in Phnom Penh to grow at a rapid pace over the 6 months leading to Q1 2021, according to CBRE Cambodia’s recently released Marketview Q1 2021 Report.Over the 6-month period leading to Q1 2021, Phnom Penh’s landed property sector saw 21 launches across 9 districts. CBRE’s report estimates that these projects will add around 15,500 units to Phnom Penh’s landed property supply. In terms of completions over the same period, CBRE reports that 11 new projects were opened adding 4,500 units to the total housing stock in the capital city.The shift towards more affordable housing continues as newly launched projects are targeting the affordable housing sector. According to CBRE’s report, over 60% of newly launched linkhouses and over 70% of single villas will be priced in the affordable housing range.The report also showed areas where new existing housing supply, currently under construction, and recent launches are located. Sen Sok remains the top choice for many landed housing developments due to its vast flatlands, growing road networks, and increasing availability of commercial establishments that encourage movement in the area.Chbar Ampov, on the other side of Phnom Penh, ranks a far second in terms of existing supply. The peninsula district has also been a popular destination for borey developers. However, Dangkao district is set to overtake Chbar Ampov in existing stock once all its recorded projects are completed.Realestate.com.kh’s upcoming Real Estate Survey 2021 also reported keen interest from property seekers to purchase landed property in Sen Sok and Chroy Changvar in the next 12 months. The report explains that the preference for landed property among Cambodians is driving the popularity of suburban living, and will likely continue to do so in the foreseeable future.Interestingly, CBRE’s report notes a downward adjustment in average quoting sale prices for landed properties. In the period since Q3 2020, single villas saw a downward adjustment of 20.1% followed by linkhouses with a negative adjustment of 19.5%. Other landed property types followed with downward adjustments: 16.7% for shophouses, 15.4% for flathouses, and 13.5% for twin villas.Property seekers looking for landed homes may find it easier to find good deals on the market. To aid this search, Realestate.com.kh is launching the Online Property Flash Sale from May 6 to 9, 2021 featuring new developments and resale properties offered at more attractive prices. Interested buyers are encouraged to register for free.Article by:

The 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. In a nutshell: the ultimate Olympic village where you can live like an Olympian!Need to practice your swing for that game with the boys? There’s an in-house driving range for the golf enthusiast. Want to work on your cardio nearby? The running track has got you covered. Want a quick sweat with a game of tennis? Say no more. Or if you're the type who likes to sculpt one's own body indoors, the fully stocked gym will help you get those goals.WorldBridge Sport Village’s location itself is an exciting environment reflecting an active mindset. Having the WorldBridge Sport Village as your home means that you put a premium on living an active, healthy life full of sports and recreation. The surrounding area holds a potential for a great future as its earmarked with more commercial developments soon offering WorldBridge Sport Village residents plenty of things to do and places to see.Garden City’s massive entertainment spots surround the project namely the Waterpark, Safari, and Golf Club, three destinations ideal for families in the WorldBridge Sport Village. The new campus of the Royal University of Phnom Penh is also set to be within a few minutes drive from the project, making it an ideal residence (or even rental investment) for students/families in the long run. The grand cherry on top, however, is the Samdech Techo Hun Sen Dragon City, a 35,000-hectare mega-project set to be the new city centre of Phnom Penh coming in 2028!The WorldBridge Sport Village’s whole concept is designed to integrate all these surrounding features with a top-shelf, comfortable living experience where every whim can be satisfied without having to leave its grounds - all without interfering with their sense of security and privacy. The WorldBridge Sport Village will come with its own shopping mall, residents can engage in retail with all the international brands as well as have all necessities within arms reach right from the supermarket. After a shopping expedition or a hard day of active living, one can unwind in one of the many exquisite food and beverage outlets.We’ve talked plenty about what residents can do when living, but where can they actually stay?The WorldBridge Sport Village has quite the variety when it comes to the different units available. There's the top-tier Condo Residential unit, which provides spacious rooms with up to 3 bedroom options and the best view of the stunning landscape that surrounds the whole complex.There are Semi-detached villa units for those who prefer a more individual residence. The high-quality features and interiors built into these villas give the impression of a holiday getaway home, except it’s actually someone’s actual home.The Row and Townhouses are among the best in their respective classes providing a modest yet high-quality home for the many Cambodian families that would fit well here. Shophouses at the WorldBridge Sport Village let the entrepreneurial spirit of Cambodians stretch its legs with the space allotted for them to set up shop.The WorldBridge Sport Village is soon coming in 2023 and will be one of the most exciting developments in Chroy Changvar, and even Phnom Penh! If you’re interested, check out their property listing for a special price offer.

Get the best prices on the best properties in Cambodian real estate this coming May 2021!Realestate.com.kh, the leading real estate portal in Cambodia, is proud to announce the launch of the Realestate.com.kh Flash Sale, which will take place from May 6 to 9, 2021. The 100% online event will be one of the biggest 4-day sales events in Cambodian history, where property hunters can buy their dream home at some of the best prices ever seen!Realestate.com.kh Online Property Flash SaleDATE: May 6 (Thursday) - May 9, 2021 (Sunday)TIME: 9:00 GMT+7Secure discounts from Cambodia’s top developments & agents100% free registration$200 Fully Refundable Reservation Fee on the day to reserve the discounted priceFor a span of 4 days, first-time home buyers, property investors, and anyone in between can go online shopping for their dream property offered with the best prices of the year from Cambodia’s top developers and agents.Registration for the online event is FREE and interested buyers are highly encouraged to pre-register for the event to receive important information about participating developments leading up to the event. All complete details and discounts on properties, however, will only be revealed on the 6th of May, Thursday!This event follows the huge success of the inaugural online property sales event in Cambodia hosted by Realestate.com.kh in 2020 where over $20 million dollars worth of property was booked!Once the event launches, buyers will be able to find their favorite property and reserve the discount by paying a fully refundable deposit of $200 USD on the day. Buyers who reserve a unit during the 4-day event will then be provided a minimum of 14 days to choose the actual unit with the developer, discuss terms and sign a sales and purchase agreement. If in any case, the buyer does not follow through with their purchase, they will be fully refunded their $200 reservation fee.Lessons from previous economic downturns indicate that property prices dip and certainly bounce back; presenting a small window where buyers are able to acquire properties at significantly more attractive prices. Realestate.com.kh’s Flash Sale seeks to deliver that opportunity to local buyers and international investors in the Kingdom of Cambodia.Realestate.com.kh will be working with Cambodia’s hottest and most popular developments in the market as well as all the trusted real estate agents and agencies to reach as many buyers as possible both locally and internationally.Conventional offline means of reaching clients have been severely hampered by current quarantines and restrictions. The Online Property Flash Sale this coming May will be an avenue where buyers can safely browse for new homes and for agents/developers to present their properties while keeping everyone safe! Interested agents and developers are encouraged to reach out to Realestate.com.kh urgently.Realestate.com.kh has been at the forefront of connecting buyers, developers, and agents and contributing to Cambodia’s real estate market growth since 2009. The Online Property Flash Sale’s objective is to pursue this growth despite the necessary quarantines through continued online marketing efforts.If you are an agent or developer and want more information about this event please contact:Shengwei Zhao 赵生伟English/Chinese+855 085 321 897shengwei.zhao@realestate.com.khSumey Soun ស៊ូមុី សួនKhmer+855 077 241 285mey.soun@realestate.com.kh

Food and beverage businesses are continuing to see a massive drop in-store sales as COVID-19 persists in Cambodia. Photo by K/T Pann Ranchana.The February 20 Community Incident, as if posting, raised Cambodia’s total confirmed COVID-19 cases from 484 to 1753 in a span of 4 weeks. The spike in cases was accompanied by 4 deaths (as of March 22) directly related to COVID-19. Both national and local governments are scrambling to contain the virus’ spread as more provinces report new cases on a daily basis.The resurgence of COVID-19 fears is forcing residents, especially in Phnom Penh, Siem Reap, and Sihanoukville to stay indoors once again. Food & Beverage retailers, in particular, have been hit the hardest over the past year by the lack of people going out due to fears of catching the virus. It was previously reported that 58% of vacated retail spaces are from F&B operators, according to a previous report by The Mall Company (TMC), a retail specialist in Cambodia.The most recent February 20 community incident has vastly surpassed the November 28 incident, requiring more long-term planning from F&B operators in Cambodia.“For Food & Beverage retailers, the go-to everyone is talking about is the delivery apps. But they don’t replace store sales,” said Simon Griffiths, Managing Director of TMC. “They [delivery apps] bring in anywhere from 20% to 40% of normal sales volumes for retailers who have active digital strategies. The truth is, online delivery apps can boost sales and can make stores more profitable but ultimately cannot replace in-store sales, which have plummeted”Delivery apps becoming more prevalent and in-store sales plummeting has been a trend among F&B retailers in Cambodia. “During the COVID-19 peak, delivery sales were about 60% of our total sales which was a big jump from being around 20% normally.” said an operator of several restaurants, who has chosen to stay anonymous.He shares the same observation that while delivery apps help sales figures they cannot replace store sales to be sustainable. “Delivery gives us the extra sales we need to make staying open worth it. With delivery apps, however, the spread is much smaller due to commissions and we don’t increase our prices by a lot on delivery apps; we try to keep it close to store prices.”The idea of going solely online has become more popular the longer the pandemic persists though the transition may not work for all businesses. “You can run a business completely through online delivery sales, if it were designed that way,” the operator said. “But many businesses have existed pre-pandemic and have physical stores with manpower to retain, rent to pay, etc., we’re all just trying to be as efficient as possible, aiming to break even and ensure that people have jobs”The limited revenue for this extended period of time has shifted the priorities of many F&B operators. Marketing campaigns, for example, have taken a less important role in day-to-day operations. “Marketing is not a top priority for us right now, but that largely depends on what kind of market you’re serving,” he said. “Right now, our market is apprehensive about going outside,” he shared. “So, we’re not exactly pushing anything new nor spending extra. What marketing we have currently is focused on maintaining a presence.” He elaborated that they are keeping up a consistent social media presence supported by traditional media.“Delivery apps themselves are a marketing tool of their own. And they do sometimes focus on our brands,” he said. “So, whenever a new player comes in, we just join because out of sight, out of mind, right?Article by:

The city's property supply has now shifted to mid-tier properties in the most popular residential areas. Supplied.Phnom Penh’s property market attracted much attention over the last decade due to its fast-paced growth and high-end properties that appealed to many foreign investors. The impact of COVID-19 shifted the market’s focus away from foreign investors and diverted to the demands local market. This resulted in the already-growing popularity of mid-tier projects in both condominiums and boreys to see increased attention from developers.According to Knight Frank’s recently released Cambodia Real Estate Highlights H2 2020 report, mid-tier developments (priced between $1,000 to $2,500 per sqm) in condominiums and boreys account for more than half of the current market and will continue to make up most of the supply until 2023.Condominium supply in Phnom PenhThe Phnom Penh Galaxy Garden is a popular condominium project in Sen Sok district. Supplied.Knight Frank reports that as of H2 2020, there are a total of 24,101 units spread across 83 condominium projects in Phnom Penh. Despite the negative impact of COVID-19, Knight Frank expects an increase of 53,741 units in the next three years, bringing the cumulative supply to 77,572 units by 2023. The report projects that future supply will be 58% Mid-Tier and 42% High-End.In terms of location, Chamkarmon remains the most popular residential area of Phnom Penh with 32% of condominium stock found in the district. This is followed by Sen Sok at 13%, 7 Makara at 11%, Chroy Changva at 10%, Boeing Keng Kang at 8%, Mean Chey at 7%, and Toul Kork at 7%.The report notes that the outbreak of COVID-19 took a heavier toll on the condominium sector in the latter half of 2020. The continuing threat of the pandemic was not helped by the November 28 Community Event that forced authorities to close down certain businesses to mitigate further community transmissions.How much the pandemic has affected the larger economy has been a cause for concern in many project launches. According to Knight Frank, only a total of 5 new off-plan projects were launched in H2 2020, significantly less than the 15 new off-plan projects launched in H2 2019. The report summarizes that it would be an understatement to say that property developers are looking for better times to launch new projects.Despite tough circumstances, Knight Frank’s outlook for the condominium sector remains positive as the announcement of vaccines and their availability may reignite confidence in the market and allow developers to pick up returning activity.Borey supply in Phnom PenhLanded homes dominated property searches in Sen Sok over 2020. Supplied.According to Knight Frank, a total of 11 new completions were welcomed into the market which brought the existing borey housing supply to 63,913 units spread across 164 developments. Knight Frank’s report projects supply would increase to 81,240 units post 2022 across 219 developments.The report indicates that Mid-Tier developments dominate the market supply at 52% followed by Affordable developments at 37%. The High-End of the borey market takes up the least share at 11%.Given the landed nature of boreys, Knight Frank reports that the highest concentration of landed housing is in Sen Sok making up 23% of the total supply. This is followed by Dangkao at 17%, Russey Keo at 12%, Kamboul and Meanchey at 11% each, Chbar Ampov at 8%, Chroy Changvar 7%, and Por Senchey at 6%, and Prek Pnov and Chamkarmon at 2% each. The remaining 1% of supply is split between the more central districts of Daun Penh, 7 Makara, Toul Kork, and Boeung Keng Kang.Knight Frank’s report observed that the high economic growth Cambodia saw over the past few years has led to a larger disposable income for local property seekers. An increasing number of middle-class buyers are looking to purchase their own homes pushing developers to meet the newly identified demand. This was reflected in the relatively healthy activity in the borey market up until the first local transmission commonly referred to as the November 28 Community Event which saw sales activities drop significantly.Landed property will likely remain popular among Cambodians. Knight Frank’s outlook suggests that major housing developers remain confident in the market’s demand indicated by the continued launch and completions of new projects, all the while maintaining quality despite the economic turbulences throughout 2020.Article by:

Best rate makes BRED Bank a smarter choiceBRED Bank Cambodia is making positive progress in the Kingdom’s domestic property market thanks to its market-leading home loan rate of just 6.66%.The bank (part of the international banking group, BRED Banque Populaire) opened for business in the Kingdom in 2017 and has quickly established a strong branch network and comprehensive range of products. Its highly competitive home loans can be used to purchase borey homes and brand new apartments and condos as well as refinancing existing properties or investing in properties to rent.The competitive nature of BRED’s home loan packages led to a recent tie-up with popular real estate agencies to offer finance to new home buyers at the many up-market borey developments that are exclusively managed by the global real estate agent.Committed“We’re completely committed to helping Cambodian people to own their own homes,” says BRED Bank Chief Executive Officer, Mr. Guillaume Perdon. “Our branch and call centre staff are always available to discuss home loan options and to make quick decisions on applications so that people can secure their dream homes.”Consistently competitiveBRED Bank Cambodia has consistently offered the most competitive home loan rates in the Kingdom - just 6.66% for the first year. With tenor up to 20 years, no loan approval fee, and the ability to borrow up to 80% of the property’s value, it’s a great-value home loan from a highly-reputable international bank.International standardsAs you’d expect from a group with over 36 million customers worldwide, BRED Bank Cambodia operates to the highest international standards giving customers the reassurance and security they need in such an important and valuable transaction. Friendly and flexibleThe bank also has an excellent reputation for great service with locally-recruited Relationship Managers able to advise on the best package to suit individual needs and assist throughout the buying process. BRED Bank can be contacted by calling free on 1800 20 1234 or online at bredpersonalbanking.com/home-loans