While most countries are still uncertain on when COVID-19 will let up, the Kingdom of Cambodia may have something to celebrate.According to a report by the Mekong Strategic Partners, an investment and advisory firm based in Cambodia with operations across the Greater Mekong region, Cambodia is one of the most vaccinated countries in the world, and Phnom Penh, the most vaccinated capital in the world, at around 99% of adults fully vaccinated.On par with advanced economies, surpassing ASEAN neighboursCambodia has surpassed most of its ASEAN counterparts in achieving herd immunity, only surpassed by Singapore. According to the Mekong Strategic Partners’ report, Cambodia is on track to hit 70% vaccination for its population (including children) by September 21, 2021, putting it well ahead of its more developed neighbours.For comparison, the closest behind Cambodia to achieve this rate of its population vaccinated is the Philippines, projected by March 2022. Following behind are Indonesia and Thailand in July 2022. Neighbouring Vietnam is projected to achieve the same level of vaccination a year later, around September 2022.The consistency of vaccine rollouts has put the Kingdom at the same rate as developed countries. Cambodia has vaccinated 66% of its adult population (as of August 2021), the same rate as the United States, France, Italy, Switzerland, and Sweden.Cambodia ranked first globally in terms of vaccine doses per capita, having vaccinated 1.7% from Aug 4 to 11, according to Financial Times data.Dissecting Cambodia’s response to COVID-19“I think it’s fair to say that Cambodia has exceeded everyone’s expectations. The government has been criticised in part for what they’ve got wrong or what they’ve done wrong, but you really need to give them full marks for how they’ve managed the vaccine programme,” MSP Managing Director Stephen Higgins told Khmer Times in a report.With the support of China and the Cambodian private sector, the government has kept a consistent flow of vaccines and distributed them through vaccination campaigns across the Kingdom. Additionally, the Cambodian public is observed to have low vaccine hesitancy, hastening the progress of vaccine campaigns nationwide.The massive nationwide vaccination is accelerating to a point that the government has already pushed for booster shots to be distributed to both adults and children.Prior to the vaccination rollouts, the Cambodian public has taken it upon themselves to observe basic quarantine measures such as wearing masks, maintaining social distancing, and limiting visits to public places. MSP’s report also highlights the strong contract tracing by health authorities early on, which undoubtedly mitigated what could have been a worst-case scenario for the Kingdom.As a result of the early adoption of quarantine measures, continued vaccine supply, and vaccination efforts, Cambodia is on track to achieve more than 80% vaccination by the end of August 2021; 8 months ahead of initial projections and up to 12 months before neighbouring countries.Timeline of vaccine arrival in CambodiaThe Cambodian government has been proactive in ordering, receiving, and distributing vaccines to its population. The Kingdom’s vaccine rollout began in February 2021 starting with medical and military personnel, followed by the wider public.NOTE: The timeline below is meant to showcase the consistency of vaccines coming into Cambodia based on internally recorded arrivals. This is NOT an official account of vaccines that arrived in Cambodia.On February 7, 600,000 doses of China National Medicines Vaccine (Sinopharm)On March 2, 324,000 doses of the AstraZeneca vaccineOn March 26, 1.5 million doses of China Coxing Vaccine (Sinovac)On March 31, 700,000 doses of China National Medicines vaccine (Sinopharm)On April 17, 500,000 doses of China Kexing Vaccine (Sinovac)On April 28, 400,000 doses of China National Medicines vaccine (Sinopharm)On May 11, 500,000 doses of China Kexing vaccine (Sinovac)On May 16, 500,000 doses of China Kexing vaccine (Sinovac)On May 23, 1 million doses of China Coxing Vaccine (Sinovac)On June 8, 1 million doses (500,000 doses of Sinopharm, 500,000 doses of Sinovac)On June 12, 1 million doses of China National Medicines Vaccine (Sinopharm)On June 19, 1 million doses of China Coxing Vaccine (Sinovac)On June 26, 1 million doses of China Kexing vaccine (Sinovac)On June 28, 1 million doses of China Kexing vaccine (Sinovac)On July 6, 1 million doses of China National Medicines vaccine (Sinopharm)July 10, 4 million doses (3 million doses of Sinovac and 1 million doses of Sinopharm)On July 22, 1 million doses of China National Medicines vaccine (Sinopharm)On July 23, 1 million doses of AstraZeneca through COVAXOn July 30, 450,500 doses of Johnson & JohnsonOn July 31, 1 million doses of China Kexing vaccine (Sinovac)On August 1, 1 million doses of China National Medicines Vaccine (Sinopharm)On August 2, 609,600 doses of the Johnson & Johnson vaccineOn August 12, 3 million doses of China Kexing vaccine (Sinovac)On August 23, 500,000 doses of China National Medicines Vaccine (Sinopharm)On August 23, 100,000 doses of China National Medicines Vaccine (Sinopharm)A booster shot for the economyEconomies with a largely vaccinated population show better economic prospects in the short term (1 to 2 years) than those with low vaccination rates. The MSP’s report additionally cites the IMF’s World Economic Report:“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.”When the economic hardship wrought by COVID-19 became apparent in late 2020, many observers resolved that economic recovery can only begin with an effective vaccination rollout. Just over a year later, Cambodia is now leading its regional neighbours and stands alongside highly-industrialized countries in the percentage of its population inoculated.Cambodia’s effective distribution of vaccines will have a direct effect in lowering future cases and relieving a limited Cambodian healthcare system. Fewer lockdowns will be required and the quality of life for Cambodians will improve in multiple facets.The tourism and manufacturing sectors, which employ more than a million people combined, have been hard hit by COVID-19. According to MSP’s assessment, higher vaccination rates may result in less interruptions on operations and a turnaround for domestic demand particularly for services - a recovery that will support economic growth and encourage Foreign Direct Investment (FDI).The next 2 years are projected to be much better years for Cambodia. According to mid-year assessments by the Asia Development Bank and WorldBank, the Kingdom’s economy will bounce back with 4% growth this 2021, followed by a projected 5% growth in 2022. This is on the back of continued vaccination campaigns by the government and continued support for both local and international investments.Looking to invest in property in Cambodia? Click hereArticle by:

It is without a doubt that the Covid-19 pandemic has very much brought catastrophic effects to the world such as the dramatic loss of human life worldwide and an unprecedented challenge to public health, food systems, and the world of work. Needless to say, the economic and social disruption caused by the pandemic is devastating. However, notwithstanding the fact that Southeast Asia is now embroiled by the Delta variant of Covid-19 as of late, Cambodia has every reason to remain optimistic once this pandemic is over.As a matter of fact, according to Cambodia’s Ministry of Health, Cambodia has managed to vaccinate close to 90 percent of the initially targeted 10 million people against COVID-19. To date, from February 10, 2021, to August 15, 2021, it has successfully vaccinated 9,020,990 against the virus. Considering that the country has spent more than USD1 billion to combat COVID-19, and with the knowledge that herd immunity could be achieved by October 2021, there is clear economic evidence that high vaccination rates improve economic outcomes, thus ensuring that the Kingdom of Wonder is on the right track for more than 6% GDP growth in 2022.With that being said, Cambodia definitely possesses the potential to grow as a result of Southeast Asia’s economic expansion, what with the increased commerce with China and a young and active population with rising educational levels. In addition, compared to its neighbors in the region, which has imposed partial or full lockdowns to manage the spread of the virus, the Cambodian government has enforced strict, absolute lockdowns in the country which has proven to be effective. This has also enabled economic activities to recover quickly despite suffering some losses previously. It goes without saying that although we are currently navigating through difficult times, the future is certainly looking promising for the Kingdom of Wonder at the moment.It is worth mentioning that the property market in the city is currently booming and trending upwards, based on the estimates of Simon Griffiths, Managing Director of The Mall Company Cambodia. He added, “With greater competition, developers shall increasingly offer better-guaranteed yields and deals to foreign and local buyers.” Notably, for the past half-decade, the country has seen a consistent 7% GDP growth. In 2019, the country also saw its inward FDI flow increase to $3.7 billion, an increase of 12% compared to 2018.Fortunately, with the booming real estate market, and increasing value of property in the city, Phnom Penh city dwellers can look forward to the upcoming completion of the Peninsula Private Residences, an award-winning project comprising of a unique blend of a private residence, varied facilities, and hospitality-inspired services for a complete lifestyle investment. As the finest landmark at the gateway of Chroy Changvar district, The Peninsula is without a doubt, the future hotspot investment catering to a high-quality residential lifestyle, complemented with a unique Community Smart Living concept for the ultimate living experience. For those looking to own an affordable boutique living or an investment with solid returns, find out more by checking the Peninsula Private Residences project listing.View Full Property ListingInquire about The Peninsula Private Residences

Everybody loves a holiday and fortunately, the Royal Government has issued the official public holidays in Cambodia for 2022. The Kingdom’s holidays for 2022 total is 21, with a considerable number falling on weekends and Buddhist holidays overlapping with other public holidays.Official Holidays in Cambodia for 2022DATEOCCASIONDAYJanuary 1New Year’s DaySaturdayJanuary 7Victory over Genocide DayFridayMarch 8International Women’s DayTuesdayApril 14, 15, 16Khmer New YearThursday, Friday, SaturdayMay 1International Labor DaySundayMay 14The Royal Birthday of His Majesty King Norodom Sihamoni, King of CambodiaSaturdayMay 15 Vesak Bochea FestivalSundayMay 19 Royal Plowing CeremonyThursdayJune 18 Royal Birthday of Her Majesty Queen Norodom Monineath Sihanouk, the Queen Mother of CambodiaSaturdaySeptember 24 Constitution DaySaturdaySeptember 24, 25, 26Pchum Ben FestivalSaturday, Sunday, MondayOctober 15 Day in Honor of the Late King Norodom Sihanouk, His Majesty the King FatherSaturdayOctober 29 Royal Ceremony of His Majesty King Norodom Sihamoni, King of the Kingdom of CambodiaSaturdayNovember 7, 8, 9Royal Water FestivalMonday, Tuesday, WednesdayNovember 9 National Independence DayWednesdayLooking for a holiday home in Cambodia? Let us know!Inquire about properties in Phnom Penh

In July 2021, the Council for the Development of Cambodia (CDC) issued the "Draft Law on Investment of the Kingdom of Cambodia". The draft law seeks to create a favorable environment for investment to attract and promote quality, efficient and effective investments by Cambodian and foreign investors for socio-economic development in the Kingdom of Cambodia.The CDC highlights these 4 foundations of the upcoming investment law in Cambodia:Establishment of an investment incentive regime that is transparent, predictable, non-discriminatory, competitive, and supports socio-economic policiesModernization, increasing the productivity of local industries, strengthening the connection to the regional and global supply chain by promoting the growth of capital inflows, transfer of technology, and skill know-how.Increasing Cambodia's competitiveness to make its economic structure more diversified and resilient to regional and global crises.Providing protection of rights and interests to investors in the Kingdom of Cambodia through the establishment of a comprehensive and balanced legal framework in line with national interests.In order to increase the efficiency of providing services to investors, this draft law also highlights the mechanism for reviewing and deciding on private investment and resolving disputes related to investment projects through delegation to the Capital-Provincial Administration, as established by the Royal Government. Capital-Provincial Investment Sub-Committees will be established through succeeding sub-decrees.In addition, the draft law provides value-added tax exemptions for the purchase of locally produced inputs in order to link local producers to the investment project's production chain, as well as to promote the use of local products. The draft law is also designed to be flexible, with special incentives for specific sectors and investment activities that have high potential to contribute to national development in line with government policy. This special incentive will be set out in the Law on Financial Management.The new investment law incorporates some of Cambodia's international obligations to show all investors the commitment of the Royal Government of Cambodia to protect investment and provide guarantees in accordance with International law governing non-discrimination as well as the provision of investment maintenance servicesThe American Chamber of Commerce Cambodia (AmCham), last August 12, held a virtual forum on their Facebook page to discuss key points about the upcoming investment law. The forum was moderated by AmCham Governor Rina Ing and attended by AmCham President Anthony Galliano with special guests Jay Cohen, Partner and Director of Tilleke & Gibbins Cambodia, and Dr. Sok Siphana, founder of law firm Sok Siphana & Associates and Advisor to the Royal Government of Cambodia.In the discussion, the new law provides incentives for priority areas such as (but not limited to): research & development, job creation, skills training, development and innovation, and small and medium enterprises. Dr. Siphana emphasized on the importance SMEs play in Cambodia’s economic growth, citing that Cambodia’s tycoons are not representative of the Kingdom’s larger economy and the new investment law will grant SMEs the opportunity to be part of the regional supply chain.Key international trading partnerships to note for Cambodia are the China-Cambodia Free Trade Agreement and the Regional Comprehensive Economic Partnership (RCEP), a massive free-trade agreement between China, South Korea, Japan, the ASEAN, and Oceanic countries.Jay Cohen mentions the importance of reviewing the “Negative List”, a list of businesses excluded from investment incentives. Cohen expects this list to be updated and will be setting a threshold for both local and international companies. He additionally stressed the importance of upcoming changes in taxes, remarking, “the devil is in the details”.As of August 2021, the new Cambodia investment law is still in its drafting phase and is expected to be ratified sometime in 2022.Interested in investing in Cambodia? Check out our Why Cambodia Guide!

On-track for June 2022 completionThe PARC 21 Residence, a new residential development in Chamkarmon, reports steady construction and is on track for its expected completion in June 2022 despite COVID-19. The project is currently topping off its 22nd floor and has started work on the swimming pool and other amenities located on the roof deck.Continued interest from buyers despite COVID-19The PARC 21 Residence continues to gather steam as almost a million dollars worth of properties were sold as of July 2021. The apparent value of the project - especially among middle-class Cambodians, expatriate buyers, and foreign investors - continues to drive inquiries and frequent visits to their showroom in The Point Community Mall along Mao Tse Toung Boulevard.The PARC 21 Residence is backed by an international group of investors based in Singapore and Hong Kong. It adopts the Singaporean design philosophy of a “A city in a garden” which builds residential units based on smart spatial planning and natural light allowing fluidity of movements.Buyers in the PARC 21 Residence understand the end of COVID-19 in Cambodia is a matter of “when”. The PARC 21 Residence also offers a 21% Guaranteed Rental Returns over 3 years, a highly competitive rate based on the developer’s confidence in the market’s potential to bounce back.Given PARC 21’s scheduled completion date is June 2022, international investors are equally confident Cambodia’s pandemic situation will be much under control, given the government’s continued efforts in maintaining a consistent flow of vaccines and widespread vaccination campaigns.But it’s not just foreign investors looking forward to Cambodia’s return to form. Cambodian property seekers are similarly expecting things to be better in 2022. PARC 21’s location in a widely popular area and affordable payment terms, among locals and tourists, will only benefit from the expected economic recovery by the time of its completion.New prices and discounts for August 2021The PARC 21 Residence has announced a new set of prices for August buyers as the project moves closer to its completion date. While prices may have risen, the PARC 21 has also extended an exclusive discount for buyers who book a unit within August 2021.The exclusive sales partner of the PARC 21 Residence, FazWaz Cambodia, notes there is currently $800,000+ worth of deals at the negotiation stage. The discount extension is expected to attract more buyers who are on the fence, and help close deals currently in negotiation before prices rise again in September 2021.Interested in the PARC 21 Residence? Inquire today before prices increase again!Inquire about PARC 21 ResidenceView PARC 21 Residence Property Listing

Cambodia’s property market saw a moment of reprieve in July 2021 with bumps in online searches for real estate and subsequent inquiries for projects continuing to market their discounts and flexible payment terms. This comes off the back of June 2021 that was reeling from Phnom Penh’s April-May lockdown.Earlier in July, the government recently announced the conclusion of its mass vaccination campaign in Phnom Penh and has focused its resources on other provinces like Kandal, Siem Reap, and Sihanoukville. The government is implementing a mass vaccination campaign for children ages 12 to 17 as part of its goal to achieve herd immunity in major economic centres like Phnom Penh.However, the recent spread of the COVID-19 delta variant has prompted health authorities to impose a new curfew in the first week of August. Google’s Mobility Tracker is starting to reflect the initial ramp-up of people choosing to stay home following the new lockdowns.SALE PRICES IN PHNOM PENHSale prices for new developments in Cambodia remain well below pre-pandemic figures. This market continues to see adjustments as the pandemic situation in Cambodia continues to spell uncertainty in the short-term and most property seekers become more discerning in their investments.Affordable and mid-range projects for the past year have been popular among the local market. The shift in attention by developers towards the local market has additionally highlighted the demand for flexible payment terms. Big developers are meeting this by forming partnerships with local banks to provide payment terms amenable to the majority of Khmer buyers.July 2021 price and size breakdown for condominiums in Phnom Penh:Unit sizeMedian price per sqmMedian unit size1 bedroom$1,81046 sqm2 bedroom$2,19472 sqm3 bedroom$2,545113 sqmMost Phnom Penh developers continue to see comparably low sales activity, with a few notable exceptions. The PARC 21 Residence in Boeung Trabek surged in popularity in June-July 2021 having closed almost $1 million in deals. The Singaporean-designed project is reported to have another $800,000 worth of deals in the negotiation stage, according to its exclusive sales partner FazWaz Cambodia.Realestate.com.kh, PARC 21’s exclusive marketing partner, notes the project’s popularity stems from meeting the demand of both local and international investors for projects with a strategic location, competitive pricing, and solid progress despite global supply chain disruption. The PARC 21 Residence is expected to be completed by June 2022.The disruption in global supply chains affected many of the new developments in Phnom Penh causing delays in construction As a result, investors still looking to invest in Cambodia have started looking at projects close to completion and even finished ones.The Silvertown Metropolitan is a completed project in BKK1 seeing renewed attention from property investors. Developed and managed by Naki Realty, Silvertown Metropolitan is a well-known serviced apartment among high-end renters in Phnom Penh. The project recently restarted its marketing efforts as providing a foot-in-the-door in the high-end renters’ market and as a finished project - saving investors the worry of “will this project be finished?”.RENT PRICES IN PHNOM PENHPhnom Penh’s residential rental market has largely stabilized within the pandemic market. Realestate.com.kh’s Market Trends shows little-to-no changes from last month’s recorded prices.June 2021 Price Trends by Bedroom for Apartments for Rent:1-bedroom apartment rent per month: 600 USD (No change from June)2-bedroom apartment rent per month: 1,000 USD (No change from June)3-bedroom apartment rent per month: 1,800 USD (No change from June)June 2021 Price Trends by Bedroom for Houses for Rent:2-bedroom house rent per month: 800 USD (No change since June)3-bedroom house rent per month: 1,500 USD (6.25% decrease from June)The renters’ pool in Phnom Penh remains low compared to 2019, before the pandemic prices. Until foreign workers and tourists return, rental landlords will have to find ways of attracting new renters and understanding the needs of their remaining tenants.District and Property Type Popularity in Phnom PenhRealestate.com.kh cites an increase in property searches in July 2021 across 8 districts in Phnom Penh. Property searches surged once again in July following confidence that there would be a return to “normalcy” within the context of COVID-19. Most popular districts in Phnom Penh as of July 2021:Chamkarmon - Remains the most popular district to look for property in Phnom Penh. Most users look for apartments/condos and landed properties in Tonle Bassac and Toul Tompoung I. Boeung Trabek also surged in popularity due to PARC 21 Residence. Most popular property types searched:Apartment/condoLanded houseCommercial propertyLand propertyBoeung Keng Kang - One of Phnom Penh’s CBD, the BKK1 area remains a popular choice among many property seekers due to its central location and array of 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 business and financial companies are headquartered. It is the central district of Phnom Penh and is the most developed. 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 propertyToul Kork - This central district is adjacent to Daun Penh and is comparable to the convenience found within the CBD. Most popular property types searched:Apartment/condoLanded houseCommercial propertyLand propertyRealestate.com.kh’s Condominium Market Overview in Phnom Penh is a monthly report based on its internal developer tracking and data collected from over 35,000 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? 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A busy road for a busy neighbourhood. The Russian Federation Boulevard is where hundreds of thousands of Phnom Penh residents pass through on a daily basis. Supplied.Phnom Penh’s suburban districts continue to see the property market’s outward expansion. The areas of Chbar Ampov, Meanchey, and Por Senchey, seemingly left behind just a few years ago, are receiving continued interest from residential developers capitalizing on the suburban living trend, followed by commercial developments meeting the rise of savvy shoppers.In recent years, Chbar Ampov has been a hotbed of borey developments, condominium projects, and even become site of the $2-billion Norea City project by the OCIC. Neighbouring Meanchey district has largely become more appealing to businesses since the completion of Hun Sen Boulevard and the announcement of the AEON Mall 3. The Japanese-brand mall AEON has seen much success in the Kingdom, having also recently announced plans to expand the capacity of AEON Mall 1 in Tonle Bassac, Chamkarmon.Por Senchey’s fast urbanisation is giving rise to modern commercial centres like Century Plaza. Supplied.The Por Senchey district is one of the latest additions to the capital city’s booming suburbs. Por Senchey serves as the gateway for all arrivals from Phnom Penh International Airport, leading to it being referred to as the airport district. Por Senchey is also one of the biggest districts in Phnom Penh in terms of land area and is home to a similarly large number of residents numbering ~227,000 or over 10% of Phnom Penh’s total population according to the General Population Census 2019.Additionally, Por Senchey is home to dozens of boreys (gated-communities), parks, schools, and major roads such as Russian Federation Boulevard, National Road 3, and National Road 4; roads leading inwards to Phnom Penh’s central business district and outwards to provinces such as Sihanoukville and Kampot. Given its large population and Phnom Penh’s outward expansion, Por Senchey is now realizing its potential as a commercial hub.The Old Market is a landmark among Por Senchey’s residents. Supplied.Por Senchey’s Old Market is among the oldest and most popular community markets in the district. Located along Russian Boulevard, it was a convenient place for locals to buy both wet and dry goods, making it the go-to area for Por Senchey residents’ daily necessities.In meeting the growing demand for a modern market in Por Senchey, developer JLECC partnered with the Phnom Penh city government to develop the Old Market into a commercial centre with modern shopping conveniences. JLECC is an established developer in Cambodia with 6 Chinese National Grade A Engineering Consulting Qualifications and 2 Cambodian National Grade A Design and Construction Qualifications.The Century Plaza is designed to take on a triangular layout to take advantage of the 3 roads surrounding it: Road 2005, 2009, and the Russian Federation Boulevard. Supplied.The new shopping centre called the Century Plaza will stand on top of the Old Market. Construction began in November 2019 and will feature 6 floors and 2 basement levels. Each floor will host a range of goods and services, including a supermarket, food & beverage areas, retail stores, and office areas. JLECC plans to include hotel rooms and services into the Century Plaza’s development due to its proximity of ~1.5km from the Phnom Penh International Airport.Century Plaza is already widely known in Por Senchey as the new shopping centre rising on top of the popular Old Market. The new shopping plaza already has over 670 stalls occupied mainly by the tenants of the Old Market. The stalls have temporarily been moved to the Por Senchey playground, in front of the Century Plaza’s construction site. Many in Por Senchey are looking forward to the project’s completion expected by late Q4 2021.View Century Plaza Property ListingArticle by:

Phnom Penh: To celebrate the official pre-sales on July 30th ,2021, The Botanic Palace will offer a special discount promotion of up to 12%. Moreover, buyers need to pay only 0.8& of the total price of the property per month spread over 24 months - no deposit and no interest!The Botanic Palace will be a new landmark delivering modernity, privacy, security, and superior facilities with new 3 different styles of the premier villa: 1- The Empress Lake, The Empress, and The Empress Twin.Each villa has its own special character complemented by its position next to the Botanic Lake, providing beautiful scenery residents can enjoy. Besides a beautiful and colorful The Palace Garden in front of its houses. These villas combine three generations of style, from timeless favorites of the past to the much sought-after comforts of modern design, making the Botanic Lake suitable for all generations of home seekers.Another rare privilege you will enjoy at The Botanic Palace is a beautiful private park: the Botanic Garden modeled on Melbourne’s Royal Botanic Garden, Botanic Lake The majestic centerpiece of The Botanic City is an expansive lake with elegant fountains. It provides a stunning backdrop to the most elite of lifestyles, Botanic Mall, Botanic Circus, The Palace Garden, and so on.This is a limited-time offer, be sure to inquire today. For more information, please visit our Sales Gallery along National Road 6A or call 098 73 3333.Looking for residential property? Click here to start your search!

Phnom Penh: The Botanic Palace, a new benchmark for modernity, privacy, security, and superior facilities developed by Orkide Development located in the main project of Orkide the Botanic City will be available for pre-selling soon at the end of this month​ (July 2021).This project will redefine the modern borey lifestyle, especially for those valuing comfort and privacy.The Botanic Palace showcases its source of rich inspiration through 3 styles of property, namely: The Empress, The Empress Lake, and The Empress Twin. These borey properties all combine the best styles from the golden eras of yesteryear and the much sought-after comforts of modern residential living.Dignified and stately - best describes this project's illustrious and ageless design. Another rare privilege you will enjoy at The Botanic Palace is a beautiful private park spanning the Botanic Garden. Modeled on Melbourne’s Royal Botanic Garden, The Botanic Lake is a majestic and expansive lake crowned as the centerpiece of The Botanic City. It provides a stunning backdrop to the most elite of lifestyles supported by the Botanic Mall, the Botanic Circus, The Palace Garden, and many more nearby amenities.The Botanic Palace will officially open for pre-selling on July 30th, 2021, with a very special offer.For more information, please visit our Sales Gallery along National Road 6A or call 098 73 3333. Looking for property? Click here to start your search!

Weekly property news recap for real estate-related events this 4th week of June.PARC 21 Residence closed over $700,000 property deals in first week of exclusivity with Realestate.com.kh and FazWaz CambodiaPhnom Penh’s booming property market offers plenty to home seekers and the rising competition makes it hard to stand out, especially during the pandemic. But PARC 21 edges other projects within its vicinity through clear communication of its value to buyers simply looking for a good deal. Read the full article here.MPWT completes feasibility study on Phnom Penh Monorail and Subway projectThe 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. Read the full article here.“A new look” for Sihanoukville after online gambling and initial impact of COVID-19Despite the bygone days of casinos, Sihanoukville managed to still have aces up its sleeves. Check out these photos showing how Sihanoukville progressed through the gambling ban and the initial impact of the global pandemic. Read the full article here.Readiness to host SEA Games 2023 boosts confidence in Chroy Changvar propertiesVath Chamroeun, Secretary-General of the National Olympic Committee of Cambodia (NOCC) held firm that Cambodia will not give up the hard work invested in preparing for the games. He also underlined the committee’s efforts in implementing its strategic plans for the SEA Games 2023. The Secretary-General extended Cambodia’s readiness to hosting the ASEAN Para Games 2023. Read the full article here.Do you need help looking for property? Let us help!

The upcoming SEA Games 2023 and ASEAN Para Games 2023 are expected to introduce a new round of interest in Chroy Changvar district. Supplied.In a report by the Khmer Times, Cambodia reaffirmed its readiness to host the upcoming SEA Games 2023.The Kingdom’s commitment to hosting the event was made by Vath Chamroeun, Secretary-General of the National Olympic Committee of Cambodia (NOCC) in a virtual meeting with representatives from the Southeast Asian Sports Federation to discuss Vietnam’s proposal to postpone the SEA Games 2021 to next year.Chamroeun held firm that Cambodia will not give up the hard work invested in preparing for the games. He also underlined the committee’s efforts in implementing its strategic plans for the SEA Games 2023. The Secretary-General extended Cambodia’s readiness to hosting the ASEAN Para Games 2023.The upcoming SEA Games are expected to boost Chroy Changvar as one of the most-eyed property markets in Phnom Penh. The peninsular district has been on the sights of many developers for its pristine natural beauty and the increasing popularity of suburban living, especially among the Cambodian middle and upper class.Developments like The Peninsula Private Residences, La Vista One, Morgan Park Villa, and Morgan EnMaison are popular projects drawing significant attention from property buyers and are becoming established investment properties in the district.The WorldBridge Sport Village will house several sporting facilities allowing residents to live a healthy and fit lifestyle within Chroy Changvar. Supplied.In the context of the SEA Games 2023, however, the WorldBridge Sport Village stands to benefit the most as the project is adjacent to the Morodok Techo National Sports Complex where the SEA Games 2023 will be held.The WorldBridge Sport Village will be the first sports village in Cambodia and occupies a 63,576 sqm area. As the country’s first true sports village, it will offer modern sports facilities like an aquatic centre and training halls & fields. Residents at the WorldBridge Sport Village will get to live a fit lifestyle in any one of the project’s 1,747 residential units made up of condos and landed properties.The WorldBridge Sport Village broke ground earlier this year and is expected to be completed in time for the 2023 SEA Games and 2023 ASEAN Para Games. You can view the full property listing for WorldBridge Sport Village here.Interested in properties in Chroy Changvar? Let us know!

The PARC 21 Residence showroom in The Point Community Mall along Mao Tse Toung Boulevard. Supplied.The PARC 21 Residence recently closed $700,000 worth of units in the first week of marketing and sales with partners Realestate.com.kh and FazWaz Cambodia.In a press release earlier in June 2021, the PARC 21 Residence appointed Realestate.com.kh, Cambodia’s largest real estate classifieds portal, and FazWaz Cambodia, the first tech-enabled real estate brokerage in the country, as its exclusive marketing and real estate partners, respectively.Positive market receptionThe PARC 21 Residence takes inspiration from the Singaporean idea of “A City within a Garden”, a concept using smart spatial planning to create a comfortable urban residence. Supplied.The PARC 21 Residence is a new 132-unit development in Boeung Trabek, Chamkarmon. Its location is a high-traffic area near the popular Toul Tompoung Market (Russian Market) known for its many shops and restaurants and close to two major roads: Preah Monivong and Mao Tse Tong Boulevard, both roads leading to central business districts like BKK1 and Daun Penh, and to developing areas like Sen Sok, Chbar Ampov, and Meanchey.“Based on our research we felt like the majority of condominium developers entering the market were focused on Tier 1 locations such as BKK1 and Diamond Island, and that there was a real need to fulfill a gap in the market to meet demand from both local and international buyers looking in Tier 2 locations,” said Pearl Yu, Senior Sales Manager for PARC 21 Residence. “Our location in Boeung Trabek meets this demand for the same urban convenience without the same high costs”.With the help of Realestate.com.kh and FazWaz Cambodia, PARC 21’s vision of providing a quality residence was well received by many property seekers in Phnom Penh.“I liked the style and concept of PARC 21 Residence. It’s in a good location for a great price. I believe it’s a sound investment for passive income”, Mr. Albert, Singaporean, purchased a 2-bedroom penthouse.“It’s just what my family is looking for. It has a great view, feels cosy, and is in the best spot for my family to move around. PARC 21 is especially close to international schools where my children go. For family time, there’s plenty to go to as dozens of restaurants offer local and international food close to PARC 21”, Mr. Paul, British, purchased a 3-bedroom penthouse.“My family has been looking for a new home near the city center for quite some time now. We saw PARC 21 is close to the markets and to an international school my daughter attends. And with the deal FazWaz Cambodia was able to negotiate, it was an easy decision for us”, Ms. Thida, Cambodian, purchased a 2-bedroom apartment.Despite the ongoing pandemic, the PARC 21 Residence quickly closed over $700,000 in sales as it was able to communicate its value through its exclusive marketing and sales partners.ADVERTISE WITH USValue per square metrePhnom Penh’s booming property market offers plenty to home seekers and the rising competition makes it hard to stand out, especially during the pandemic. But PARC 21 edges other projects within its vicinity through clear communication of its value to buyers simply looking for a good deal.The PARC 21 Residence offers a great value per square metre compared to other projects within a 5km area. The project is close to many popular commercial destinations such as:Russian market (<3 mins away)Boeung Trabek Plaza (<3 mins away)Chip Mong Noro Mall (<5 mins away)AEON Mall 1 (<10 mins away)Naga World (<11 mins awaySeveral international schools of note are within a comfortable drive from PARC 21:ISS International SchoolZion International SchoolBlueBird British International SchoolCIA First International SchoolThe Giving Tree International SchooliCAN British International SchoolCanadian International School (CIS)East-West International SchoolFootprints International SchoolThe PARC 21 Residence is on track to deliver its units for handover by June 2022. If you’re interested in this project, let us know today!PARC 21 Full Property ListingDownload PARC 21 Brochure

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:

Phnom Penh, Cambodia - Parc 21 Residence appointed Realestate.com.kh, the largest property classifieds portal in Cambodia, as the exclusive marketing partner for the 132-unit condominium project located in Chamkarmon, Phnom Penh. Parc 21 Residence has also chosen Fazwaz Cambodia as its exclusive real estate agency for the development. Earlier in 2021, Realestate.com.kh & Fazwaz Cambodia announced an MOU in a massive boost for agencies and property developers in Cambodia. Pearl Yu, Senior Sales Manager at Parc 21, noted, “We launched Parc21 in May 2020 in line with the booming tourism market and growing Cambodian middle class. Based on our research we felt like the majority of condominium developers entering the market were focused on Tier 1 locations such as BKK1 and Diamond Island, and that there was a real need to fulfill a gap in the market to meet demand from both local and international buyers looking in Tier 2 locations”“Early sales were extremely promising, but of course, no one could predict COVID-19 and the prolonged effects on real estate markets. As a response to the slowdown, we decided to focus less on sales and marketing of the project and focus our efforts and resources on continuing Parc 21’s construction. We can proudly say that today we were only delayed a month due to the pandemic and we are on track to hand over units in mid-2022”“Considering we are handing over in 2022, we reached out to Realestate.com.kh to help supercharge our marketing again, we worked with them when we launched and joined the online sales event in June 2020 where we successfully sold one of our Penthouse units, most impressively Fazwaz Cambodia has closed more than $4 million in condo sales in Q1 2021, during one of the toughest periods to sell units, we were very attracted to both Realestate.com.kh and Fazwaz ability to attract high net worth local buyers and international investors” Tom O’Sullivan, CEO of Realestate.com.kh said, “Realestate.com.kh has been at the forefront of real estate marketing in Cambodia since 2009, we are well versed in where to focus marketing spend to get the best quality leads for developers, separately we also work with all of the real estate agencies in Cambodia so its very efficient for developers to work with Realestate.com.kh to distribute their offers, promotions and marketing material to every agent in Cambodia. Realestate.com.kh, as a marketing platform, is supplemented  by Fazwaz’s strong sales team and strategy and plays a major role in the end-to-end sales and marketing process for Parc21” James Whitehead, CEO of Fazwaz Cambodia said, “We have had the opportunity to work exclusively with multiple developers but we wanted to make sure it was the right project to bring to the market as our first exclusive project in Cambodia, despite Parc 21 scaling down sales and marketing efforts in 2020 they still charged ahead with the construction of the project and handing over next year - this gives us (Fazwaz & Realestate.com.kh) and buyers great confidence to really get behind this project“About Parc 21 ResidenceParc 21 is a residential property development located in Boeung Trabek, Chamkarmon district in the capital Phnom Penh, Cambodia. Parc 21 is developed by JV Parc Residence Co., Ltd, a joint venture between investors from Singapore and Hong Kong.Parc 21 Residence is located in the cosmopolitan district of Chamarkmon. The project is made up of 21 floors with 132 residential units each with a balcony. Parc 21 also boasts several amenities including a swimming pool, jacuzzi, gym/fitness center, and office area to complement its modern residential comforts.Parc 21’s location is an area popular among locals and tourists for its many shops, restaurants, pubs, and cafes. It is a key development strategically located in the south-central area of Phnom Penh with high rates of growth and convenient access to other areas of the city such as Daun Penh, Boeung Keng Kang, 7 Makara, and Meanchey districts.About Realestate.com.kh Realestate.com.kh, established in 2009, is home to over 20,000 live property listings making it the largest real estate classifieds portal in Cambodia. Realestate.com.kh works with the leading real estate agencies and property developers in the Kingdom to meet the demands of both local and international property seekers and endeavours to further develop the larger Cambodian property market as the most attractive real estate investment hub in Southeast Asia.Aside from being a popular online platform, Realestate.com.kh also organized several popular offline events since 2018 that connected real estate agents, property developers, investors, and home seekers with the best deals available on the market.About Fazwaz CambodiaEstablished in 2020 in Cambodia, FazWaz KH is the first tech-enabled real estate brokerage in the Kingdom. FazWaz Cambodia represents a new way of doing real estate by giving anyone the opportunity to make money in the country’s growing real estate market and provide the best service and safest possible investment to property seekers and investors in the country. Contact Information:Tom O’SullivanRealestate.com.kh, CEOtom.osullivan@realestate.com.kh James WhiteheadFazWaz Cambodia, CEOjames@fazwaz-kh.com

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!