JOIN THE CAMBODIA REAL ESTATE AWARDS!NEW CATEGORY:“REAL ESTATE DEVELOPER & DEVELOPMENT AWARDS”Realestate.com.kh is proud to announce the third annual Cambodia Real Estate Awards (CREA). This awards ceremony and gala dinner will be a hybrid online & offline event and is scheduled to be held in early March 2022. The awards serve to professionalize the local real estate industry by recognizing the leading individuals, developers, developments, real estate agencies and property-related companies who are working tirelessly to bring excellence to Cambodia’s real estate industry.Given the growth of Cambodia’s real estate industry and the number of property developments either completed or currently under construction in the Kingdom, we realize the need to recognize these developments in their own right. Thus, CREA 2021-22 is pleased to announce the inclusion of the “Real Estate Developer & Development Awards” as a new category to this year’s awards ceremony.In regards to this new category being added to the CREA awards ceremony, we would like to invite all property developers and developments including landed property, condominium developments as well as commercial property from across the sector to either sponsor or participate in the Cambodia Real Estate Awards 2021-22.The CREA entry criteria have been constructed with an overriding focus on inclusiveness. This will ensure that the awards cover the large variety of real estate developments operating in the country. The CREA has become a benchmark for Cambodia’s real estate individuals and companies.There is a small processing fee associated with entering the CREA, and absolutely no costs associated with winning awards at the event. All finalists are provided the option of subscribing to a post-event marketing package. The CREA winners will be judged and, ultimately, named by a panel of industry experts. Judges will also consult public opinion obtained through online voting. Realestate.com.kh, the CVEA, and the event organizers remain wholly independent and separate from the judging process.Finalists and award winners will be granted the prestigious CREA seal. This symbol can be used in all marketing materials. Winners will receive a beautiful trophy and a certificate confirming their personal or company achievement.If you are interested in entering the awards or becoming a sponsor of the Awards, please click on the link to the official website below, or find contact information below. Enter the Cambodia Real Estate Awards 2021-2022Key Contacts:Developers & Development Awards Entry Contacts:English & Khmer: Name: Khiem Darina Stefania (Steff) Position: CREA Developers & DevelopmentEntry Facilitator & REAKH Relationship Manager Email: stefania.khiem@realestate.com.kh Phone: +855 (0) 10 699 333Chinese: Name: Taing Muyngy (Muyngy) Position: CREA Developers & Development Entry Facilitator & REAKH Relationship Manager Email: muyngy.taing@realestate.com.khPhone: +855 (0) 10723379Agency Awards Entry Contacts: English & Khmer: Name: Tin Mashington (Ton) Position: CREA Agent Entry Facilitator & REAKH Relationship Manager Email: ton.mashington@realestate.com.khPhone: +855 (0) 81 305 205Chinese: Name: Taing Muyngy (Muyngy) Position: CREA Agent Entry Facilitator & REAKH Relationship Manager Email: muyngy.taing@realestate.com.khPhone: +855 (0) 10723379Cambodia Real Estate Awards - Sponsorship Contacts:Name: Jeff Steeves Position: Business Development ManagerEmail: jeff.steeves@realestate.com.kh Phone: +855 (0) 85 250 962

At Realestate.com.kh we care about your property investments! Here are our top picks for the best real estate promotions this November.WorldBridge Sport VillageGet $1000 off your booking fee!Get a discount of up to $7,000 on selected property typesPay 0% interest on all down payments for 60 months Located in the fast-growing area of Chroy Changvar and near the National Stadium where ASEAN games 2023 will be held, just 20 minutes away from the Central Business District of Phnom Penh, this development is full of potential and offers great investment opportunities for small business owners and retail outlets. Book now! Learn more about WorldBridge Sport VillageCentury Plaza Special Topping out Promotion: LUCKY DRAW - 20% OFF on selected shop unitsCentury Plaza is celebrating their topping out ceremony and offering all customers a very special discount. To qualify for the LUCKY DRAW, buyers must first make a down payment of 30% before November 18th, 2021Highlights of Century Plaza:Price: $24,999 Handover in December 2021Over 1000 shops Century Plaza is located in a busy commercial district of Phnom Penh, and has been receiving interest from many businesses of different sizes. It features a multi-level shopping plaza, 4-star hotel with a Sky Bar rooftop and a swimming pool, as well as a large open-air garden. Century Plaza is expected to be the commercial landmark of Por Senchey and will likely be the immediate stop for international tourists and business travelers arriving through Phnom Penh International Airport.Learn more about Century PlazaParc 21 ResidenceLong Term Financing OptionsStarting from $1700/sqmLong Term Payment Plans Available - Up to 10 years!1st YEAR - 0% INTEREST Handover June 2022The PARC 21 Residence is a new residential development located in Boeung Trabek, Chamkarmon. The Singaporean project made headlines earlier this year when it closed several units worth almost a million dollars. Located in the sought-after neighborhood of BKK3, the PARC 21 Residence has been a popular residential and investment choice for both Cambodian and foreign investors and is expected to see further price increases in the coming months.Learn more about PARC 21 Residence

The attention has shifted from foreign buyers to local Cambodians, does the Kingdom’s property market still have a place for foreign property buyers? Supplied.Cambodia’s property market has changed drastically over the past year-and-a-half from COVID-19. Foreign buyers who looked to buy and visit new projects were met with travel restrictions and various other red tape, making it harder for them to pursue their investments in the Kingdom.But that was more than 18 months ago and a lot has changed with travel restrictions lifting and the Kingdom of Cambodia fully reopening since November 1, 2021.Cambodia's new travel rules for inbound foreign travelersWhat has changed in Cambodia’s property market over COVID-19?New projects like PARC 21 Residence have attracted buyers over the pandemic, especially among locals due to its value proposition. Photo from PARC 21 Residence showroom.Developers’ target market changed from foreign buyers to local Cambodian buyersPrices have adjusted downward to meet local preferencesPreviously short payment terms have been extended to accommodate a preference for longer payment plansDevelopers formed partnerships with local banks to facilitate longer payment plansA more involved local market in a fast-growing property sectorWith foreign buyers few and far between, both agents and developers shifted their attention to the local market. It is worth noting that real estate sales and marketing within Cambodia geared towards the local market has markedly been picking up pace prior to the COVID-19 outbreak and the pandemic simply accelerated the shift.Naturally, Cambodians have their own set of preferences and many in the sector have learned to change their sales and marketing approach: First and foremost, most Cambodians looking to buy a condo prefer more affordable projects with longer payment terms. Second - related to the previous point - is that there has been a good mix of Cambodian property seekers buying condos as a primary/secondary home or as an investment.Most banks have had little to do with property developers and have interacted mostly with end-financers (property buyers) even during the height of the market in 2018-2019. But with the landscape shifting, developers have been proactive in forming partnerships with banks to encourage activity by constructing long payment terms adjusted for most local buyers.How can foreign buyers benefit from this shift?Prices may be depreciating, but location certainly isn’t. Projects like the PARC 21 Residence maintain their strategic location while offering flexible payments for both local and foreign buyers. Supplied.It may appear on the surface that this only benefits Cambodian buyers. However, let’s not forget the circumstances that influenced the shift and how fundamental these changes are:Lower prices and more discountsPrior to COVID-19, a property that cost around ~$2,000 per square metre was considered affordable by a foreign buyer, but not so for a typical Cambodian buyer. Price per square metre has dropped anywhere from single digits to even 20%, depending on where one looks since the start of the pandemic.“I believe it [the change in prices] will only benefit foreign buyers as price policy has become more flexible for locals and buyers abroad can take advantage of this shift”, said Peter Guboglo, a real estate investment specialist in Cambodia.There have been a growing number of developments with lower asking prices going as low as $1,300 per square metre. Of course, these come with concessions such as the unit being unfurnished and sometimes as bare as a concrete box. Then again, that does give one the freedom to design and decorate it as they please.Increased partnership with banks for home loans(Left to right) Sathapana Bank CEO, Mr. Fung Kai Jin, and WB Sport Village Co., Ltd CEO, Dr. Simon Vancliff signed an MOU to offer “Flexi Loan Lending” for WorldBridge Sport Village buyers. Photo from WorldBridge blog.Developers have been noticeably active in forming a partnership with banks to increase accessibility for local buyers. However, it must immediately be said that most banks in Cambodia will be stringent when it comes to lending to foreign buyers. However, banks part of an international brand may be more open to assisting. There are several international banks in Cambodia such as ABA (owned by National Bank of Canada), BRED Bank (from France), RHB Bank (from Malaysia), and Maybank (from Malaysia) are a few examples of established international banks in the Kingdom.Nevertheless, it might be an option worth exploring if it so happens that your home country bank has a holding in Cambodia.Foreign buyers are more valuable now than beforeForeign buyers largely fueled the activity of property developments in Cambodia, especially in Phnom Penh in the past 4-5 years. Foreign buyers entering Cambodia usually pay a significant downpayment (30% to 50%) with short payment terms - allowing developers to fill their books with immediate cash flow.On the other hand, while Cambodians are seeing an improvement in annual household income, most still require financial assistance from banks and would often prefer longer payment terms around 10 years. This new status quo has made foreign buyers even more valuable for developers who have been struggling for the past 2 years.Most quarantine measures liftedThe new travel rules were announced in mid-October 2021 after an outbreak-free Pchum Ben holiday season, followed by further easing in November 2021. Photo from Fresh News.In November 2021, Cambodian authorities rolled out new and streamlined rules for foreign travelers coming into the country in a bid to reopen the economy. The most highlighted of these new rules is that foreign investors traveling into Cambodia need only proof of vaccination and negative PCR-test, doing away with costly and time-consuming quarantine requirements. Complete list of new requirements can be found here:Cambodia's new travel rules for inbound foreign travelers“Cambodia reopening is a good move that will attract investors,” said Peter “The biggest thorn of their [investors] side has been the 2-week quarantine for the past 2 years.”Peter, who has been on the phone with foreign buyers throughout the pandemic, notes that buyers he’s talked to are looking forward to the day quarantines are lifted completely. “And now that measures are more relaxed, it’s only a matter of time before interest picks up significantly,” he said.Cambodia is one of the most vaccinated countries in Southeast Asia, making a leader in regional reopeningsAs of November 2021, Cambodia is one of the most vaccinated countries in SEA and has been ahead of its neighbours in reopening the economy through streamlined requirements for foreign travelers, reduction of quarantine periods, and businesses being allowed to operate as they used to (following healthcare guidelines).Throughout the pandemic, the Cambodian people have noticeably been eager to go out, taking every chance to enjoy a long holiday out of town or visit public places. This has grown more pronounced since November 2021 as most of the country is vaccinated and businesses are seeing a considerable pick up in foot traffic once again.Cambodians are more involved in the property market, adding further value to the sectorThe question of “Who is going to buy these properties?” has been a pressing question for Cambodia’s real estate market. Foreign investors and middle-to-upper class Cambodians were often the answer, but that has changed in a matter of 2 years - quite the speed when it comes to real estate.“The shift in terms of sales and marketing has made much of the market more involved in the property market,” observed Peter “This is a good sign for foreign buyers as their condo investment can more easily be sold for locals who want to buy one”.As mentioned above, developers forming partnerships with local banks have made it easier for Cambodian buyers to access financial assistance and make it more commonplace in a fast-growing market.“A product’s value proposition is helped by the demand. Now that condos are more accessible to not just expats/foreigners but more so to Cambodians, the more stable and less prone to risk the market is going to be”. Peter said.Looking for property investments in Cambodia? Let us help!Article by:

Realestate.com.kh is proud to announce the third annual Cambodia Real Estate Awards (CREA 2021-22). This online gala event is held to recognize and celebrate outstanding results and achievements within the Cambodian Real Estate industry.CREA 2021-22 award categories are divided into the following disciplines in real estate:Real Estate Agency AwardsReal Estate Developer / Development AwardsReal Estate Hall Of Fame AwardsWith the growing number of property developments popping up in the Kingdom, we realize the need to recognize these developments in their own right. Thus, CREA 2021-22 is pleased to announce the inclusion of “Real Estate Developer & Development Awards” as a new category to this year’s awards ceremony.Benefits of joining CREA 2021-2022The Cambodia Real Estate Awards 2021-2022 will be a prestigious event celebrating the best of the best in Cambodia's booming real estate sector. Joining the CREA 2021-2022 allows agencies and developers to establish themselves as recognized and trustworthy members of the industry. Winners and nominees also get the following:Expose your brand & development to local & international buyers, homeowners & investorsJudged by respected leaders in the Cambodia real estate industry and the general publicEndorsed by the Ministry of Economy & FinanceWinners receive the CREA iconic trophy & winners plaque to display in your office, showroom & at eventsWinners receive the official CREA seal to use on all marketing material for your developmentWho Can ParticipateAll licensed firms and individuals are allowed to participate in CREA 2021-22, regardless of the size or wealth of their operation. With industry and government involvement from The Ministry Of Economy & Finance, The Cambodian Valuers & Estate Agents Association, as well as, The Housing Development Association of Cambodia, participants can be sure that the process is objective, fair, and done with integrity from start to finish. All these steps are taken to recognize the achievements of the Cambodian real estate industry objectively, fairly, and on a wholly inclusive basis.How To ParticipateTo participate in CREA 2021-22, please get in touch with our team or download the relevant submission form here.Benefits of ParticipatingFurther strengthen your position in the Cambodian real estate marketBe recognized as a leader in the Cambodian real estate industryNetwork with fellow professionals from Real EstateLearn more about new industry developmentsReceive an iconic Cambodia Real Estate Awards trophy and certificateReceive marketing assets to leverage across your businessInterested in learning more about CREA 2021-22? Visit our website at www.cambodiarealestateawards.comOr follow us on Facebook at ‘Cambodia Real Estate Awards’Enter the Cambodia Real Estate Awards 2021-2022Key ContactsDevelopers & Development Awards Entry Contacts:English & Khmer:  Name: Khiem Darina Stefania (Steff) Position: CREA Developers & DevelopmentEntry Facilitator & REAKH Relationship Manager Email: stefania.khiem@realestate.com.kh Phone: +855 (0) 10 699 333 Chinese:  Name: Taing Muyngy (Muyngy) Position: CREA Developers & Development Entry Facilitator & REAKH Relationship Manager Email: muyngy.taing@realestate.com.khPhone: +855 (0) 10723379 Agency Awards Entry Contacts:  English & Khmer: Name: Tin Mashington (Ton) Position: CREA Agent Entry Facilitator & REAKH Relationship Manager Email: ton.mashington@realestate.com.khPhone: +855 (0) 81 305 205Chinese: Name: Taing Muyngy (Muyngy) Position: CREA Agent Entry Facilitator & REAKH Relationship Manager Email: muyngy.taing@realestate.com.khPhone: +855 (0) 10723379Cambodia Real Estate Awards - Sponsorship Contacts:Name: Jeff Steeves Position: Business Development ManagerEmail: jeff.steeves@realestate.com.kh Phone: +855 (0) 85 250 962

National Road 5 is one of the major road arteries being developed throughout Cambodia. Photo from the Khmer Times.Pursat Governor Chiao Tai has requested the Inter-Ministerial working group to prioritise work on Pursat province’s section of the National Road 5 (NR5). The governor aims for the section to be completed by year-end or 2022The National Road 5 has a total length of 366km and runs through several provinces, namely, Kompong Chhnang, Pursat, Battambang, and Banteay Meanchey. NR5 serves as an economic corridor connecting the border province of Beantey Meanchey to the capital Phnom Penh. Rehabilitation of the major road has been more a than decade’s-long endeavour segmented into each province it runs through. The project is supported and monitored by the Japan International Cooperation Agency (JICA).The Battambang-Serey Sophorn section was the first to be completed and is currently in use by the public since September 2021.The remaining 3 sections are currently being rehabilitated are Prek Kdam-Pursat (set for 2022), Pursat-Battambang (set for 2023). The final section, Prek Kdam-Poipet, is currently on hold as bidding for the project is ongoing but is aimed to be completed by 2024.The Pursat section of the NR5 will be 23m wide and is expected to support growth for trade, tourism, logistics, and investment in the North-Eastern corridor of Cambodia.Looking for property investment in this area? Let us know!

Last Oct 19, 2021, Prime Minister Hun Sen gave a special message after the Pchum Ben holidays formally concluded. In a special message sent Tuesday, the PM said that after the Pchum Ben festival, there was no outbreak of COVID-19 when the activities of the people were open.The Prime Minister considers this result to be powerful and a result of vaccination, which Cambodia achieved almost 100% as planned.In August 2021, the Mekong Strategic Partners (MSP) published a report detailing Cambodia’s swift progress in its vaccination in terms of vaccination doses per capita and leading most of its ASEAN neighbours, only surpassed by Singapore.The IMF World’s Economic report suggests that the rate of vaccination is a good indicator of when economic recovery can begin. “Vaccine access has emerged as the principal fault line along which the global recovery splits into two blocs: those that can look forward to further normalization of activity later this year (almost all advanced economies) and those that will still face resurgent infections and rising COVID death tolls.”The government set Pchum Ben (October 5-7), a major 3-day holiday in Cambodia, as a benchmark of how effective Cambodia’s vaccination campaigns have been. And with cases falling well below threshold, the government hinted at more concrete steps for reopening.On October 18, the Royal Government, through the Ministry of Health, announced new travel rules allowing investors, experts, workers, and tourists to visit Cambodia with reduced quarantines times and cost provided they have the proper documents and vaccinations.A report by the Khmer Times quoted Anthony Galliano, CEO of Cambodian Investment Management. “There is clear bias given to business travelers with priority given to spurring the economy, a continuation of stalled projects, and to stimulate faltering Foreign Direct Investment.”EuroCham President Tassilo Brinzer also told Khmer Times, “It seems a bit overly detailed and regulated – let’s face it, Cambodia has one of the most successful records in fighting COVID-19, including vaccination rates, and should proudly be opening again, equally for everyone with the respective safety certificate.”To further support a reopening of the market, the Royal Government has reinstated the issuing of E-Visas for travelers. However, as of posting, Visas-On-Arrival is not yet available.New travel requirements to CambodiaAnd while Cambodia is opening back up for international business and travel, the challenge of airlines chartering regular flights to the Kingdom remains uncertain in the short-term.Nevertheless, PM Hun Sen continues to call on those who are not yet vaccinated in Cambodia. In a report by the Khmer Times, he said, “Get vaccinated to get health protection from COVID 19 because the vaccine is the most effective way to resist this vicious disease.”Article by:

Special promotion for the upcoming completion of the Century Plaza: 10 stalls up for a discount. Get up to 20% discount when you make a 30% down payment from October 18 to November 18, 2021.Century Plaza Market is located in a high foot traffic area and is continuing to receive interest from businesses of different sizes. The surrounding area is packed with large commercial buildings and is where the Phnom Penh Immigration Department is, the Royal University of Phnom Penh, Ministry of Commerce, Confucius Institute, Ministry of Mines and Energy, Chhouk Meas Market, and of course, the Phnom Penh International Airport only 1.5km away. The Century Plaza is surrounded by all kinds of small and large stalls and commercial buildings owned by many small and medium-sized businesses in Por Sen CheyFeatures Century Plaza on the 4th, 5th, 6th floor, 4-star hotel, and Sky Bar rooftop, along with a swimming pool and a large open-air garden. A getaway from the hustle-and-bustle of Phnom Penh, without being too far away!Century Plaza is already set up for its more than 600 businesses soon opening with its completion in Q4 2021! Contact us today: 092 92 1000Inquire about Century Plaza

The WorldBridge Sport Village, Cambodia’s first-ever sports village is offering a special discount this Commemoration Day!What is the discount?WorldBridge Sport Village is offering a discount of up to $7,000 on the following unit types:Studio apartments (10 units)1 bedroom apartments (5 units)2 bedroom apartments (5 units)3 bedroom apartments (5 units)Row houses (5 units)Town houses (5 units)Semi-detached villas (5 units)How to claim the discountSimply make a booking fee of $1,000 (sale price deductible!) from Commemoration day until November 9, 2021 (Tuesday). Making a booking within the promotion period lets you get the discount regardless of what payment option you choose.The WorldBridge Sport Village is also offering a 0% downpayment for 60 months applicable on ALL condos and select landed properties ranging from Semi-detached villas, townhouses, and rowhouses!Inquire about WorldBridge Sport VillageAbout WorldBridge Sport VillageWorldBridge Sport Village (WBSV) is the first sports village in Cambodia. Located in Chroy Changvar, the WorldBridge Sport Village is directly adjacent to the new Morodok Techo National Stadium and is the designated venue for the upcoming SEA Games 2023 and ASEAN Para Games 2023.WBSV is developed by the WB Sport Village Co., Ltd, part of the WorldBridge Group, a Cambodian conglomerate known as the choice partner for international brands entering the Cambodian market.Learn more about WorldBridge Sport Village

Cambodia’s economy has rapidly developed since 2016 with its booming tourism and real estate sectors. The new opportunities attracted many investors and furthered the prospects of the Kingdom as a new regional investment hubHowever, as COVID-19 became a pandemic, Cambodia’s status as a destination for international investors was dashed. Many expatriates went home and a lot fewer international investors are coming into Cambodia due to flight cancellations and quarantine red tapes. This resulted in the diverse talent pool in private companies dwindling, leaving many vital gaps in their operations.And with talent being the foundation of many enterprises, how have companies in Cambodia been able to manage in these tough times? Simple: with the help of executive recruitment.RISFOND Executive SearchRisfond Human Resources Group Limited Company (锐仕方达) was founded in Beijing in 2008. The company has been operating for 13 years and has become a quadruple-A-level human executive recruitment agency in China.Risfond has more than 160 branches in over 70 cities and employs around 4,000 employees. It provides services such as core talent recruitment, talent assessment, recruitment process outsourcing (RPO), background checks, and other vital human resource operation services.A leading professional service providerOver its years of operation, the company has filled in high-end management talents for organizations all over the world and boasts corporate contract recruitment of more than 80%, making it one of the leading executive recruiters in the world.As of December 2020, Risfond has recorded more than 62,000 successful cases across multiple industries like Real Estate & Construction, Medical & Pharmaceutical, Energy & Chemicals, Financial Management, Telecommunication, and many other fields.Leader in technological innovationThe Risfond Network Search System (RNSS) is a proprietary database developed by Risfond’s technology division to facilitate intelligent human resource search and management for its clients.Today, over 40,000 companies are part of this system constantly viewing more than 10 million profiles for executive positions. This database is increasing at an average rate of 6,000 new resumes daily.Providing market advantagesRisfond has more than 160 offices in 70 cities around the world, including Beijing, Shanghai, London, and Phnom Penh. Risfond operates in each new city by investigating the local human resource situation to provide the right candidates for major overseas companies like:Global reach with local rootsRisfond attributes part of its global success to the many local communities it has been a part of, and it has returned the support through its many social aids and initiatives:Raised 300,000 RMB (~46,000 USD) to purchase 57 tons of materials to aid WuhanHangzhou branch organized a donation drive at Youzai Primary School in Yanggao CountyChengdu branch entered Huaxi Middle School to carry out charity assistance activitiesRisfond in Phnom Penh, CambodiaRisfond in Phnom Penh was formally established in November 2017, its office is located on Diamond Island in Phnom Penh.Risfond Phnom Penh’s service area covers the Southeast Asian region. The Phnom Penh branch also serves as an important hub for overseas regional companies to recruit Chinese, European and American core talents.Since its establishment, Risfond Phnom Penh has recruited nearly 100 executives for various industries such as real estate, hospitality, legal affairs, marketing, manufacturing, finance, and insurance in Cambodia.Risfond Phnom Penh Contact Information:Jonathan LuoRisfond, Phnom Penh General Managerjonathan.luo@risfond.comMina WuRisfond, Recruitment Consultantmina.wu@risfond.com

Phnom Penh's property market activity continues to be stifled especially in the month of September where daily cases picked up. As has been the trend, the rise in cases and the spread of the delta variant coincided with a dip in median sale prices and search queries for both new and existing condo projects.It is important to note, however, that despite the recent rise in new cases in September, figures are still well below the peak experienced in July 2021. Cambodia’s vaccination drive and constant reminders of health guidelines have paid dividends in meeting its target vaccination of more than 80% in late September 2021.The vaccination push, now focused on the younger demographic, has led to government officials mulling a full reopening of the economy - highlighting the country will be open to vaccinated tourists and investors.Tourism plays a key role in Cambodia’s real estate market. According to the Asia Development Bank, the industry provides a significant 2.2 billion USD (11.5%) of GDP and employs almost 800,000 people. It is a large part of the economy playing a hand in how residential rentals (apartments/guesthouses/hotels) and commercial rentals (shopping/community malls, shophouse-based businesses) perform in a given period of time.Allowing more visitors to enter the country - given safety measures are in place - will reintroduce the promise of growth that attracted foreign investors to Cambodia in the first place. The final decision to reopen is expected to be made public by late October 2021.Sales pricesSales prices for 1-bedroom and 2-bedroom properties saw a dip in September by as much as 5%. This may be attributed to the new daily cases of over 800 recorded towards the end of the month. Recorded sale prices noticeably decrease during months of daily cases peaking, causing concern and reservation from property buyers.Standing out from the pack are 3-bedroom apartments, seeing a bump of 7% in median sale prices.Overall condominium price trendOverall condominium price trendUnit TypeMedian Price Per SQMMedian Unit Size1-bedroom$1,761 (-5% from August)45 sqm2-bedroom$2,061 (-5% from August)75 sqm3-bedroom$2,387 (-7.5% from August)121 sqmPressure from COVID-19’s persistence is felt more by new developments in Phnom Penh. Popular developments like WorldBridge Sport Village have introduced a new set of discounts across its high-rise and landed property selection.For the past half-decade, new developments in Phnom Penh have mostly attracted foreign buyers looking for property investment opportunities. But with the Kingdom’s de facto “closing off” to most tourists and international travelers, prospects of these properties to the international market dwindled through 2020 and most of 2021.Rent priceRent prices continue to experience pressure from the lack of tourists, the exodus of expatriates, and the overall tenant pool dying up the longer quarantine measures are in place.As of September 2021, median rental prices by bedroom in Phnom Penh are:1-bedroom apartment rent per month: 600 USD (No change from August)2-bedroom apartment rent per month: 950 USD (5% change from August)3-bedroom apartment rent per month: 1,800 USD (No change from August)Since borders are still largely closed, the tenant market remains small, allowing renters some room for negotiation. Though this might change when Cambodia decides to reopen pending a decision from the Royal Government.NOTE: Values displayed above are median prices. Newly listed affordable accommodations in prime areas can be found on Realestate.com.khPopular districtsCharmkarmonRemains the most popular district to look for property in Phnom Penh in September 2021. It is a popular place for renters both local and foreigners looking for accommodations at reasonable prices. Popular subdistricts are Tonle Bassac and Toul Tompoung I.Most popular properties searched:Apartment/condoLanded houseCommercial propertyLand propertyBoeung Keng KangThe BKK1 area specifically remains a popular choice among many property seekers, especially among the well-to-do in Phnom Penh. The BKK district’s popularity stems from its central location, modern residential choices, and quality of life services.Most popular properties searched:Apartment/condoLanded houseCommercial propertyLand propertyDaun PenhThe primary CBD of Phnom Penh where key tourist attractions are located and where most multi-national companies are based. It is the central district and most developed district of Phnom Penh.Most popular properties searched:Apartment/condoLanded houseCommercial propertyLand propertyChroy ChangvarChroy Changvar came on top 5 most searched districts with many high rises and landed developments popping out in the area. This peninsular district has overtaken other outer districts like Sen Sok as property developers and home buyers look to this area as the next suburban development hotspot in Phnom Penh.Most popular properties searched:Landed houseApartment/condoLand propertyCommercial property Toul KorkToul Kork came back to the top 5 most searched districts due to a notable increase in search for landed homes. And given its central location, adjacent to Daun Penh CBD and the fast growing Sen Sok district, it's little wonder that people are still looking in this packed area.Most popular properties searched:Landed houseApartment/condoLand propertyCommercial propertyThe fear of another outbreak has been influential in the domestic and tourism policy within Cambodia for the past 2 years. The relaxing of some measures have helped slightly alleviate the pressure many businesses, including property developers, have been struggling with. And with news from the government mulling a full reopening, Cambodia’s real estate market may see things get better in 2022.Looking for property in Phnom Penh? Let us help!Article by:

Cambodia’s reopening is a boon many in the Kingdom have been waiting for. Supplied.Cambodia’s relentless efforts in fighting its COVID-19 situation have been a tough 2 years with over 100,000 infected and around 2,500 deaths. But as vaccines continue to be administered, daily infection rates on the decline, and overall adjustments made by individual Cambodians, the Royal Government is now examining a full reopening.The announcement came from Prime Minister Hun Sen during the Council of Ministers meeting last Oct 8. The Prime Minister observed that COVID-19 cases remain stable with fewer than 20 deaths recorded per day.“If the situation remains stable in the next 10 to 15 days, and if we can maintain transmission and death rates as we do currently, it may be time to reopen the economy all sectors, but only through the new normal following the 3 dos and 3 don’ts,” he said.Cambodia’s reopening has been the subject of discussion for many in Phnom Penh’s business circles. In August 2021, the Mekong Strategic Partners (MSP), an investment and advisory firm based in Cambodia with operations across the Greater Mekong region, published a report showing Cambodia leading most of its ASEAN neighbours in vaccination rates.As of the 4th week of September, Cambodia has vaccinated around 82% of its population, according to a report by the National Ad-hoc Commission for COVID-19 Vaccination.The path to herd immunity is slowly but surely coming to reality. In late September, Prime Minister Hun Sen shared that the government has taken steps for Cambodia to safely reopen as a tourist destination for vaccinated tourists - with a target for international travel to reopen by Q4 2021.While tourism and hospitality sectors will be the direct beneficiaries of a reopened Cambodian economy, many in the real estate market will also be celebrating.Realestate.com.kh, the leading real estate classifieds portal in Cambodia, notes much of the slowdown in market activity has been due to restrictions and fears surrounding COVID-19. Prior to the pandemic, much of the property market has been fueled by the influx of foreign investors looking to secure property in the Kingdom’s real estate.Silvertown Metropolitan is a popular choice among expatriate renters in BKK1. Learn more about Silvertown Metropolitan here.High-end properties located in central districts like Daun Penh, BKK1, 7 Makara, Koh Pich, Chamkarmon, and Toul Kork were the choice of many property investors. Developments in these areas saw a significant decrease in sales activity as travel restrictions came into place, and foreign buyers were unable to visit projects they’re interested in.The rental market also suffered greatly as it has closer ties to the tourism sector, especially in Phnom Penh and Siem Reap. The onset of COVID-19 slashed tourist arrivals by as much as 90% as of June 2021, according to a report by the Ministry of Tourism.The rental pool in major cities further dwindled as expatriates flew back to their home countries while those who stayed largely moved to lower-cost accommodations.AEON Mall 1, frequented by residents on the weekends, saw significant decline in foot traffic after the Nov-28 incident back in 2020. Photo by Khmer Times.Commercial properties like community/shopping malls have similarly been enduring the effects of the pandemic. In a report earlier this year by The Mall Company, almost 60% of retailers that closed in 2020 were in the Food & Beverage business, primarily due to the lack of foot traffic. Realestate.com.kh similarly covered the closures with some F&B operators heavily relying on food delivery services to simply break even.The reopening of the larger Cambodian economy, especially to tourists is a boon many have been waiting for. Reducing restrictions and allowing more travelers to come in with tourists filling in the many rentals in Siem Reap and Phnom Penh, and property investors finally being able to physically visit properties they’re looking into.With the Kingdom on the verge of reopening, confidence in being able to go outside once again is expected to reintroduce a sense of confidence back into the economy, albeit one that follows a new normal.Looking for property in Phnom Penh? Let us help!Article by:

The holiday excitement is palpable for Pchum Ben. And to match the occasion, a few select projects are offering limited-time promotions. If you’ve been looking to get a value home purchase, now’s your chance!PARC 21 ResidenceLocation: Boeung Trabek, Chamkarmon, Phnom PenhOCTOBER PROMO: 12% guaranteed discount on selected unitsPARC 21 Residence is a new residential project in Chamkarmon, Phnom Penh that recently celebrated its topping out. The Singaporean project became the most popular project in the area in June 2021 due to its location, surrounding amenities, good pricing, and on-schedule delivery, soon to be handed over in June 2022.Interested in learning more about Chamkarmon’s most popular project? Check our listing below?Learn more about PARC 21Silvertown MetropolitanLocation: Trasak Paem 63, BKK 1, Chamkarmon, Phnom PenhOCTOBER PROMO: Up to 15% off + Renovation package up to $15,000Silvertown Metropolitan is a completed high-end serviced condominium in the heart of BKK1 - an area considered one of the Central Business Districts of Phnom Penh. It is managed by Naki Realty, the premier property management service provider in Cambodia.Silvertown Metropolitan is offering a discount on each of its premium units coupled with a renovation package this month:Studio : Discount up to 15% + Renovation package $5,0002 BR : Discount up to 15% + Renovation package $10,0003 BR : Discount up to 15% + Renovation package $15,000Interested in learning more about Silvertown Metropolitan? Check our property listing below!Learn more about Silvertown MetropolitanCentury PlazaLocation: Kakab 1, Por Sen Chey, Phnom PenhOCTOBER PROMO: Lucky draw get up to 10%Century Plaza is a new commercial space rising along Russian Federation Boulevard. It stands on top of the Old Market, the go-to shopping area for many residents Por Sen Chey. It is expected to be the new central shopping centre in the district has already more than 600 stores occupied with more on the way!Century Plaza is currently offering a special discount of up to 10% for business owners looking to set up shop! Interested in learning more? Check our property listing below!Learn more about Century PlazaWorldBridge Sport VillageLocation: Blvd Win Win, Bak Kaeng, Chroy Changvar, Phnom PenhOCTOBER PROMO: Discount up to $7,000 on condo units. Discount up to 6% on landed houses: Row House, Town House, and Semi-detached Villas.The WorldBridge Sport Village is a new development being built in the suburban area of Chroy Changvar. Designated as the site of the upcoming SEA Games 2023 and ASEAN Para Games 2023, it is the project with an opening fanfare very few other new developments can compete with!The WorldBridge Sport Village will be the first sports village in Cambodia offering township and community living with a range of high-rise residential and landed properties available. And for the month of October, they’re offering a discount of $7,000 on condo units and up to 6% discount on landed homes: Row House, Townhouse, and Semi-detached Villas!Interested in learning more about The WorldBridge Sport Village? Check our property listing below!Learn more about WorldBridge Sport VillageThe Peninsula Private ResidencesLocation: Chroy Changvar, Chroy Changvar, Phnom PenhOCTOBER PROMO: Discount up to 18%The Peninsula Private Residences is a multi-awarded project soon coming to Chroy Changvar. It is commonly attributed as the project that put Chroy Changvar on the map with its modern architectural design, interiors, and landmark location just along the district’s roundabout.The Peninsula Private Residences is running a discount of as much as 18% before its expected completion date in Q4 2021. Interested in learning more about The Peninsula? Check our property listing below!Learn more about the Peninsula Private ResidencesOlympia CityLocation: Olympic, 7 Makara, Phnom PenhDISCOUNT OFFER: Special price $88,888 on 2 select units. Discount up to 40% on other units.Olympia City is arguably one of the most centrally located projects in downtown Phnom Penh. It is a completed mixed-use development with high-rise residential towers supported by purpose-built shopping malls and a myriad of local businesses in its surrounding area.For the month of October, Olympia City is offering property buyers a discount of up to 40% on its 2 remaining units! Interested in learning more? Check our listing for more information!Learn more about Olympia CityInterested in more properties? Let us know through our concierge service below!Looking for more options? Let us help!

The outward expansion of Phnom Penh continues to be fueled by high-rise and sprawling landed residential projects. Supplied.Phnom Penh’s outward expansion continues despite COVID-19. Fortunately for buyers, the development of outer districts has not directly led to prices skyrocketing as they would have prior to the pandemic.According to Realestate.com.kh, Cambodia’s leading real estate classifieds portal, the outer districts of Meanchey, Sen Sok, and Por Sen Chey, are the most viable options for property investors looking for apartments/condominiums in the capital city.As of Q3 2021, the median sale price for Sen Sok apartment/condo properties is recorded at $101,022 (26% lower compared to the same period in 2020). Neighbouring Por Sen Chey district is recorded at $97,944 (11% lower). And the southern district of Meanchey is recorded at $100,000 (16% lower). As these are median values, lower or more premium-priced properties can be found on Realestate.com.kh.Residential developments in Sen Sok, Meanchey, and Por Sen Chey offer the lowest median sale prices to buyers in Phnom Penh. Supplied.Sen Sok, Meanchey, and Por Sen Chey have been the biggest beneficiaries of the capital’s outward expansion. Sen Sok, home to over 180,000 residents, currently leads the pack with multiple borey and condo projects already in different stages of development. Sen Sok’s popularity can largely be attributed to the presence of AEON Mall 2, the biggest shopping mall in Phnom Penh to date. Sen Sok district currently holds the most promise in the short term given the amount of development it has seen in the past few years.Learn more about Sen SokThe Meanchey district, largely known for its garment and textile factories, has been growing as a suburban choice for many Cambodians; currently home to around 248,000 residents or ~12% of the capital’s population. The district first saw a bump in property prices after the completion of the Hun Sen Boulevard (a.k.a 60m road) in 2017. The biggest wave of interest came in December 2019 with the announcement of AEON Mall 3 resulting in land and property purchases in the area. The new mega-mall is expected to be completed in 2023.Learn more about MeancheyPor Sen Chey’s popular Old Market is seeing a facelift with the upcoming Century Plaza, a highly anticipated shopping centre along Russian Boulevard. Learn more about Century Plaza here.Por Sen Chey offers the lowest median condo sale price in Phnom Penh’s outer district. Known as the airport district, it is one of the largest districts in the capital city in terms of land area and is home to over 226,000 residents. Much like Meanchey, commercial developers have been taken note of the growth in the area. Properties along the Russian Boulevard, especially around the upcoming Century Plaza are expected to see significant growth.Learn more about Por Sen CheyThe WorldBridge Sport Village (WBSV) is a massive mixed-use development in Chroy Changvar, one of the fastest-growing suburban districts in Phnom Penh. Learn more about WBSV here.Chroy Changvar is an area worth noting for its comparable development. As of Q3 2021, Chroy Changvar median condo sale prices were recorded at $140,191 (17% lower compared to the same period in 2020). The peninsular district continues to attract the attention of developers and build itself up to be the suburban choice for many middle-class to upper-class Cambodians. A range of condominium developments can be found in the south of the peninsula while sprawling boreys and mixed-use developments are being developed in its northern areas.Learn more about Chroy ChangvarThe persistence of COVID-19 and the onset of the delta variant has made many property seekers more discerning in their investment decisions. Realestate.com.kh seeks to help property buyers in a pandemic economy find the right home investment in its growing list of over 30,000 properties available for sale and rent.Are you looking to buy in these areas? Let us help!Article by:

Topping out is a cause for celebration for developers. And an even bigger achievement in the current environment. As we are still experiencing global restrictions on travel, increased raw material costs and other covid related pressures. The topping out celebration for PARC 21 Residence gives huge confidence to current and future buyers of the project, which is well on track to hand over units by the due date - mid 2022. The PARC 21 Residence, a Singaporean project in Phnom Penh, is one of the few projects in Phnom Penh to top out on schedule. The 21-storey residential development recently celebrated its topping ceremony and offered a 12% guaranteed discount on its most popular units.PARC 21 closed 2 separate deals in the course of its topping out - amounting $200,000+ in sales and another $700,000+ in inquiries and negotiation stages.The recently closed deals came from Cambodia and Australia, both buyers noting the project’s location, nearby amenities, construction progress and overall potential for returns.“The PARC 21 Residence is a project built with a clear vision: To deliver a project meant for middle-class Cambodians and for investors looking at Tier 2 location in Phnom Penh.” said Tom O’Sullivan, CEO of Realestate.com.kh. “The sales made in the course of its topping out indicates that the market is responding to PARC 21’s promise”The PARC 21 Residence’s 12% guaranteed discount runs from September 23 to October 3, 2021. Buyers interested in the discount can go through the PARC 21 Online Sale site or make a direct inquiry with Realestate.com.kh.PARC 21 Online Sale EventInquire about PARC 21

Phnom Penh’s developers continue to see progress amid a slowdown in overall activity. In the past few months, several developers in Phnom Penh are in different stages of completion, with the PARC 21 Residence being the most recent addition to projects topping off.The PARC 21 Residence is a new residential development located in Boeung Trabek, Chamkarmon. The Singaporean project made waves in mid-2021 as it closed several units worth almost a million dollars almost immediately after relaunching its marketing with Realestate.com.kh and FazWaz Cambodia.During their topping-off event, developers of PARC 21 revealed a 12% discount running from September 23 until October 3. The discount will be applicable on its remaining available units.PARC 21 also noted that while interested buyers can directly go to their showroom in The Point Community Mall or through FazWaz Cambodia, buyers located far from Phnom Penh or abroad can go through Realestate.com.kh’s online sale portal for PARC 21 to secure their limited-time discount.“It’s been a surreal journey starting from a booming sector and making sure our construction remains unhindered despite the global pandemic,” said Ms. Pearl Yu, Executive Sales Director for PARC 21 Residence. “We’re happy that we’ve reached this milestone [of topping off]”The PARC 21 Residence has been a popular residential and investment choice for both Cambodian and foreign investors in the past few months. Given its popularity, the project is expected to see another price increase in October and in the succeeding months as its handover date draws closer.Interested in the PARC 21 Residence's special discount? Secure your discount by registering below!PARC 21 Residence Online Sale portalPARC 21 Residence Property ListingArticle by:

Phnom Penh is a hotbed of new developments soon coming online. And the latest of them to top out is the PARC 21 Residence - Chamkarmon’s most popular new development!To celebrate its momentous topping off, the PARC 21 Residence will be revealing a SPECIAL and LIMITED-TIME discount this coming September 23 (Thursday).The soon-to-be-revealed discount (applicable on PARC 21’s most popular units!) will be made public on the Realestate.com.kh Facebook page. Make sure to follow Realestate.com.kh’s Facebook and LinkedIn to get a live update of the special event and the discount!Realestate.com.kh Facebook PageRealestate.com.kh LinkedIn PageThe PARC 21 Residence made waves in Phnom Penh’s property market when it restarted its marketing in June 2021 with exclusive marketing partner Realestate.com.kh and exclusive sales partner FazWaz Cambodia. As of Q3 2021, the project has sold close to a million units with another several hundred thousand within the negotiation stages.Interested in learning more about the PARC 21 Residences? Check out our full listing below:PARC 21 Residence Property ListingAlready know about PARC 21 and want to secure the discount today? Fill out our form below and we’ll get back to you ASAP!Inquire about PARC 21 Residence

September has been a relentless month for projects topping off in Phnom Penh. And the latest to join the pack of new developments completing soon is the Phnom Penh Galaxy Garden!The Phnom Penh Galaxy Garden is a new development located in Phnom Penh Thmey, Sen Sok - a district in the northwestern part of the Cambodian capital. Phnom Penh Galaxy Garden is being developed as a residential and commercial project close to mega-developments including AEON Mall 2, a flagship shopping mall from Japan, and Makro Supermarket, an international wholesaler.Phnom Penh Galaxy Garden is offering up to 20% discount on buyers starting September 14 to October 13. The discount will be applicable to buyers who make full down payment within the promotion period.The Phnom Penh Galaxy Garden is one of the most sought-after properties in Sen Sok with a starting price of only $73,000. Its developer is also offering furniture packages for buyers. The Phnom Penh Galaxy Garden is expected to be handover in Q2 2023.Interested in this property? Inquire through our listing below!Phnom Penh Galaxy Property Listing

About 10km southwest of Phnom Penh is the fast-growing district of Por Sen Chey. It’s one of the biggest districts in the capital city, both in terms of land area at more than 60 km2 and population; the district is home to more than 220,000 residents (more than 10% of the capital city’s population).Its population, large land area, and outward development of Phnom Penh are transforming Por Sen Chey into one of the most attractive options for developers to build newer and larger projects.Key to Por Sen Chey’s development is the Russian Federation Boulevard, a major road artery allowing access directly to and from the centre of Phnom Penh. It runs from the Pochentong Park right to the Phnom Penh International Airport, giving it the de facto title of the “airport road”. On a more regular basis, it is the hundreds of thousands of residents using the road that breathe life into the area.Given the increasing amount of activity in the area, it was only a matter of time before a new central plaza was built right along the vital road artery.The Century Plaza is a brand new shopping centre soon rising along Russian Boulevard. It takes on a unique triangular design that takes advantage of its 3-corner location, making it  practically being accessible to 2 additional roads on top of being right along a large and busy road.Long-time residents of Por Sen Chey already know about the Century Plaza and how well-known its location is. The Century Plaza stands on top of the Old Market, a popular go-to shopping destination for many in Por Sen Chey. When news of a newer and better shopping centre hit, many in Por Sen Chey welcomed the development.JLECC, The Century Plaza’s developer, works with the Phnom Penh government and the surrounding community. Store owners in the Old Market, in particular, were allotted their own spaces amounting to over 600 store owners already with their goods and services once Century Plaza opens later this 2021.Complementing Century Plaza’s in-house offerings are the multiple amenities surrounding it, namely: Department of Immigration Phnom Penh, Phnom Penh International Airport, Royal University of Phnom Penh, Ministry of Commerce, Confucius Institute, Ministry of Mines and Energy, and the Chhouk Meas Market. All other kinds of small and medium enterprises in shophouses around it.Seeing the new business opportunities now, the new Century Plaza Shopping Mall has a special offer for those who want to start their business in a popular location. As of September 17 until October 17, 2021, a 30% downpayment can give interested buyers up to 10% discount!Interested in the Century Plaza’s limited-time discount? Check out our listing below!Century Plaza Property Listing

Realestate.com.kh, Cambodia’s #1 property portal, is bringing you September’s best deals from the popular developments around the Kingdom!If you’re in the market for good deals, then you’re in the right place:Silvertown MetropolitanLocation: Trasak Paem 63, BKK 1, Chamkarmon, Phnom PenhDISCOUNT OFFER: Up to $70,000 off + Renovation package up to $15,000Silvertown Metropolitan is a completed high-end serviced condominium in the heart of BKK1 - an area considered one of the Central Business Districts of Phnom Penh. It is managed by Naki Realty, the premier property management service provider in Cambodia.For the month of September, Silvertown Metropolitan is offering a discount on each of its premium units coupled with a renovation package:Studio : Discount up to $35,000 + Renovation package $5,0002 BR : Discount up to $60,000 + Renovation package $10,0003 BR : Discount up to $70,000 + Renovation package $15,000This offer is a limited-time offer until 30-Sep-2021. Interested in learning more about Silvertown Metropolitan? Check our property listing below!Silvertown Metropolitan Property ListingThe Peninsula Private ResidencesLocation: Chroy Changvar, Chroy Changvar, Phnom PenhDISCOUNT OFFER: Discount up to 28%The Peninsula Private Residences is a popular and multi-awarded project in the peninsular district Chroy Changvar. It is commonly attributed as the project that put Chroy Changvar through its modern architectural design, interiors, and landmark location just along the district’s roundabout.The Peninsula Private Residences is running a special discount of as much as 28% before its expected completion date in Q4 2021. Interested in learning more about The Peninsula? Check our property listing below!The Peninsula Private Residences Property ListingOlympia CityLocation: Olympic, 7 Makara, Phnom PenhDISCOUNT OFFER: Discount up to 40%The Olympia City is arguably one of the most centrally located projects in downtown Phnom Penh. It is a completed mixed-use development with high-rise residential towers supported by purpose-built shopping malls and a myriad of local businesses in its surrounding area.For the month of September, the Olympia City is offering property buyers a discount of up to 40%! Interested in learning more about this property? Check our listing for more information!Olympia City Property ListingWorldBridge Sport VillageLocation: Blvd Win Win, Bak Kaeng, Chroy Changvar, Phnom PenhDISCOUNT OFFER: Discount up to 17%The WorldBridge Sport Village is a new development being built in the suburban area of Chroy Changvar. Designated as the site of the upcoming SEA Games 2023 and ASEAN Para Games 2023, it is the project with an opening fanfare very few other new developments can compete with!The WorldBridge Sport Village offers a range of high-rise residential and landed properties available. And for the month of September, is offering a discount of up to 17% on its studio units - available for foreign ownership!Interested in learning more about The WorldBridge Sport Village? Check our property listing below!WorldBridge Sport Village Property ListingStar BayLocation: Sangkat Buon, Sihanoukville, SihanoukvilleEXCLUSIVE OFFER: $55,754 starting priceStar Bay is a beachfront property in Sihanoukville, Cambodia’s most popular beach destination. The city is being developed into a prime tourist and business destination, complete with commercial buildings, shopping malls, and high-rise residential properties - while still having access to a pristine beach.For the month of September, Star Bay is offering a low $55,754 starting price for its beachfront high-rise units - READY TO MOVE IN.Interested in learning about Star Bay? Check our property listing below!Star Bay Property ListingHow can I secure these discounts?Simple: Visit the property listings and inquire through our customer service chat on the listings above!Realestate.com.kh is home to over 30,000 (and growing!) property listings across the Kingdom of Cambodia. If you’re looking for other properties for rent/sale, let us know what you’re looking for through our concierge service below!Looking for more properties? Inquire here!Article by:

Phnom Penh's property market in August 2021 largely saw a continuation of the reprieve experienced in July 2021 with a few road bumps from newly reported delta variant cases in the city and the brief reintroduction of city-wide quarantine measures.According to Realestate.com.kh’s Market Trends, property searches in central districts slid in August 2021 compared to July 2021. Lower searches for central districts are likely in response to the city-wide quarantine measures to mitigate the number of delta-variant cases in Phnom Penh. It is worth noting that this month’s search figures, despite being lower than July’s, remain well above figures in April-June 2021.The growing number of delta cases has not gone unanswered by health authorities. Vaccine arrivals into Cambodia continue on an almost weekly basis, with portions being allocated as booster shots to help prevent the spread of the delta variant of COVID-19.Cambodia’s vaccine rollout has been noted by regional observers as one of the fastest in Southeast Asia. According to Mekong Strategic Partners, an investment and advisory firm with operations across the Greater Mekong region, Phnom Penh is one of the most vaccinated capital in the world, with around 99% of adults fully vaccinated.Sale PricesPhnom Penh’s sales prices largely remain below pre-pandemic figures. However, this trend may be starting to upend itself with a notable stabilization in median sale prices for apartments/condos.Unit SizeMedian Price per SqmMedian Unit Size1 bedroom$1,85447 sqm2 bedroom$2,16972 sqm3 bedroom$2,581112 sqmIn August 2021, 1-bedroom unit price per square metre picked up by 2% from July 2021 while 2-bedroom and 3-bedroom unit price per square metre slid by marginal -1.23% and -0.50%, respectively. Outright price adjustments are becoming few and far between outside of special time-limited promotions from developers/agencies. Whether this is a sign of a stabilizing market poised for a price increase - provided no further disruptions from quarantines - will be something worth considering as a buyer still on the fence.Rent PricesRealestate.com.kh’s Market Trends shows little-to-no changes in August from July’s recorded prices. Though not on the same volume as before the pandemic, Realestate.com.kh’s own leads services team has noted a significant increase in rental inquiries in Phnom Penh, particularly from tourists and expatriates.August 2021 Median Price by Bedroom for Apartments for Rent:1-bedroom apartment rent per month: 600 USD (No change from July)2-bedroom apartment rent per month: 1,000 USD (No change from July)3-bedroom apartment rent per month: 2,000 USD (5.26% change from July)Prices displayed above are median values, lower-priced accommodations can be found in Realestate.com.kh’s properties for rent in Phnom Penh page.District and Property Type Popularity in Phnom PenhRealestate.com.kh Market Trends notes a decrease in search figures following the rise of the delta variant and subsequent implementation of new quarantine measures back in August. Nevertheless, overall search figures remained higher compared to April-June 2021.Worth noting for the month of August is the uptick in searches for properties in Sen Sok, Por Sen Chey, and Dangkao - all outer districts set to benefit from Phnom Penh’s continued outward expansion.Most popular districts in Phnom Penh as of August 2021:Chamkarmon - Remains the most popular district to look for property in Phnom Penh in August 2021. It is a popular place for renters looking for accommodations at reasonable prices. Popular subdistricts are Tonle Bassac and Toul Tompoung I. Most popular property types searched:Apartment/condoLanded houseCommercial propertyLand propertyBoeung Keng Kang - The BKK1 area remains a popular choice among many property seekers, especially among the well-to-do in Phnom Penh. The BKK district’s popularity stems from its central location, modern residential choices, and quality-of-life conveniences. Most popular property types searched:Apartment/condoLanded houseCommercial propertyLand propertyDaun Penh - The primary CBD of Phnom Penh where key tourist attractions are located and where most multi-national companies are based. It is the central district and most developed district of Phnom Penh. Most popular property types searched:Apartment/condoLanded houseCommercial propertyLand propertyChroy Changvar - This peninsular district has overtaken other outer districts like Sen Sok as property developers and home buyers look to this area as the next suburban development hotspot in Phnom Penh. Most popular property types searched:Landed houseApartment/condoLand propertyCommercial propertySen Sok - Sen Sok is a fast-developing district in the outskirts Phnom Penh that will soon see it as the new center of activity in the metro’s northwest. The district’s potential for more development continues to make it a popular landed residential choice for many middle-class Cambodians.Landed houseApartment/condoLand propertyCommercial propertyRealestate.com.kh’s Condominium Overview in Phnom Penh is a monthly report based on its internal developer tracking and data collected from over 30,000 live property listings across Cambodia.If you’re interested in property in Phnom Penh, let us know by contacting our property advisors below!Looking for property in Phnom Penh? Let us help!Article by: