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

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

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

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

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

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

The Cambodia Real Estate Survey 2021 is part of Realestate.com.kh’s efforts to give industry stakeholders a good grasp of the Kingdom’s property market. Supplied.Realestate.com.kh, the largest real estate classifieds portal in Cambodia, recently launched its annual Real Estate Survey for 2021. The popular real estate website launches this annual survey to help the country’s real estate industry grow, improve standards and provide valuable insight and data for all real estate stakeholders - for free!Realestate.com.kh is launching the survey at a time when the country’s real estate sector is coming out of a tough economic year. For the past decade, Cambodia’s construction and property sector was growing at a rate that attracted significant attention from foreign investors with no signs of slowing, until the outbreak of COVID-19 in 2020. Given the importance of surveying the market at this crucial time, Realestate.com.kh is giving online survey participants a chance to win a premium staycation. Participants who complete the survey will be given the best chance to win a FREE 2-night staycation (spa services included) at the Baitong Hotel in BKK1.Simply scan the QR code, complete the survey for the best chance of winning, and help the wider Cambodian real estate industry at the same time!Link to survey:Cambodia Real Estate Survey 2021QR CODE:

Own and rent Phnom Penh’s most luxurious apartment, Sky Villa!High-end residential in central Phnom Penh. 281-509㎡ hardcover apartment. Leasing options coming soon![Property] Sky Villa 2-bedroom, 3-bedroom fully furnished apartment[Area] 281-509 ㎡ [Rent] The average price of 2 bedrooms is $2600/month, and the average price of 3 bedrooms is $3500/monthAmenities and services included: Internet, TV, property fees, parking space, cleaning twice a week, swimming pool, and gym.【TYPE A1 (417㎡)】3-bedroom, 3-bathroom large apartment in Phnom Penh【Living room】 1【Restaurant】 1【Kitchen】 1【Storage Room】 2【Maid Room】 1【Dressing Room】 1[Balcony] 4 (Extra large L-shaped viewing balcony 2, master bedroom private balcony 1, working balcony 1)As the only large flat-floor apartment in the capital, Sky Villa households have their own large viewing balconies. The living room, dining room, bedroom, bathroom and kitchen are all transparent and spacious. The entire apartment type automatically captures natural light sources from tropical countries and doubles the sense of comfort throughout the residence.The separation of storage room, maid room, and work balcony not only preserves the private space of the owner's family but also provides an exclusive area for daily cleaning and other maintenance work, independent of each other without disturbance.Sky Villa has not forgotten its original intention and designed to fit the product concept. The whole house is decorated with high-end materials and equipped with branded appliances, allowing tenants to truly live in bags.Even if you are in a foreign country, you don’t have to worry about language problems. A well-trained property steward will arrange every detail properly, and take care of your surroundings to the greatest extent, and live more at ease.The whole house is well-furnished with branded appliances, the bedrooms all have their own bathrooms, and plenty of private spaceThe living room and dining room are interconnected to create a large-scale public activity space. The whole unit is utilizing a fresh A/C system to bring fresh air to into the family home. Surrounded by a large viewing balcony, a 360° view is within easy reach.The private bathroom is separated from wet and dry, and the high-strength glass wall is embellished to ensure natural lighting, dry and bright. There are lockers under the wash table to enhance daily storageThe kitchen is divided separately to isolate oily smoke, and the double row consoles increase the range of activities, which can be used for family daily use and gatherings of relatives and friends. The end of the linear line uses glass windows to introduce light sources, and the whole is spacious and bright.【TYPE A2 (423㎡)】3-bedroom, 3-bathroom large apartment in Phnom Penh【Living room】 1【Restaurant】 1【Kitchen】 1【Storage Room】 1【Maid Room】 1【Dressing Room】 1[Balcony] 4 (Extra large L-shaped viewing balcony 2, master bedroom private balcony 1, working balcony 1)【TYPE A3 (391㎡)】[Bedroom] 3, all with bathroom【Living room】 1【Restaurant】 1【Kitchen】 1【Storage Room】 1【Maid Room】 1【Dressing Room】 1【Study Room】 1[Balcony] 4 (Living room oversized viewing balcony 1, master bedroom private balcony 1, working balcony 1, study balcony 1)Top-notch packages exclusively for the high-classSky Villa is a sky garden-style mansion with two 35-story twin towers with a total height of nearly 140 meters. It is an emerging urban landmark in Phnom Penh.Sky Villa has an excellent location, bright space, precious materials, exquisite craftsmanship, and unique design, capturing the essence of modern life. It is not only a top-notch mansion standing in the center of the capital but also a quiet life like being in the countryside. The ingenious combination of the two is the ultimate experience of an ideal home.In the interior design of the entire building, Sky Villa has a magnificent welcome hall, the atrium sky is 10 meters high, and full natural lighting. The classic butterfly spiral staircase of European aristocracy can move to the mezzanine banquet hall. It is specially customized for high-standard banquets and private parties, with absolute luxury and privacy.The 34-story sky courtyard and sky runway are part of the overall design of Sky Villa, creating an alluring environment for harmonious urban life.The ingenious landscape design is made up of the infinity swimming pool, gymnasium, hydrotherapy massage room, children's water and land play area, and outdoor small dining bar. The three-pronged approach of sports, leisure, and 360-degree viewing is designed to be set against the skyline, allowing for an escape from the suffocation of urban space, and ultimately satisfy the most luxurious whim of residents The Sky Villa Club on the top floor also has a wine cellar, a recreation room, which can be used as a private room, and a reading area. Next to the club is a restaurant that can make delicious and delicacies.An important reason for the popularity of large apartment flats is the choice of location, which eliminates the tedious daily commute and directly improving your everyday living experience.In addition to its exclusivity, the value of Sky Villa also has unparalleled location advantages. It occupies the central axis of Phnom Penh City, specifically, the southern part of the Olympic Stadium in Makara District. It is located in the "egg yolk area" with a superior urban location.The project is adjacent to Preah Sihanouk Avenue and Polish Republic Avenue, and has a smooth transportation network around it. The supporting facilities are sufficiently well-developed and Sky Villa is only a few minutes away from the BKK consumer hot zone. The first-class political and commercial supporting facilities such as government agencies, embassies of various countries, and international financial banks.Within the 3KM radiation range, are the Olympia Mall, AEON 1 Mall, Chip Mong Mall, Russian Market, and the famous Central Market.Living in the city, in addition to the bustling shopping malls, sports centers, etc., there are many famous schools around Sky Villa, allowing children to have more choices in the future.Sky Villa offers the most premium living experience across the Kingdom. It grants the full experience of luxury living, all for a more affordable price than ever before! Interested in living the best life possible for you? Contact us today!

Quayside 313 is a relatively new and popular retail center in the Riverside area of Phnom Penh. Photo from The Mall Company.The year 2020 was an economically tough year for a majority of retailers in the Kingdom. According to The Mall Company (TMC), a commercial real estate and retail specialist in Cambodia, Food & Beverage stores accounted for 58% of Phnom Penh retail space vacancies recorded by Q4 2020. The F&B category is followed by fashion retailers second at 21% and health & beauty stores third at 9% over the same period.Food and beverage stalls, especially in retail malls, largely rely on foot traffic for revenue. The lack of shoppers visiting Phnom Penh malls for most of 2020 negatively affected sales volumes causing a number of F&B retailers to suspend operations.With no new retail project deliveries in Q4 2020, a total of 370,781 sqm of retail space was logged at the end of 2020. According to TMC, the looming COVID-19 threat created a poor retail environment where store sales saw record-low levels for much of 2020. TMC further explains this resulted in a total of 16,247 sqm of retail space vacancy in 2020, an 85% increase from the 8,760 sqm of retail space vacancy recorded in 2019.The retail spaces in Chamkarmon made up 4,825 sqm or 30% of total retail vacancies in 2020. The district is followed by Meanchey at 16%, 7 Makara at 14%, and Toul Kork at 12%. When it comes to retail formats, Community Malls saw the most vacancies in Phnom Penh measured at 9,565 sqm or 59% of the total retail space vacancy in 2020. Retail spaces in Shopping Malls fared comparatively better having only seen 3,091 sqm of its retail spaces vacated in 2020.“Retail stores in shopping malls like AEON have strong and well-financed brands, operators, and franchises; Community Malls generally speaking, less so,” said Simon Griffiths, Managing Director of The Mall Company.Despite an 85% increase in vacancies, TMC’s report explains that this could be an opportunity for well-capitalized retailers to secure prime locations that were previously unavailable or prime locations in new projects and attempt to negotiate favorable rents at lower rates than pre-COVID-19 levels.Article by:

The National Stadium is one of the most key examples of New Khmer Architecture in Phnom Penh. Photo by Pen Sereypagna.Cambodia’s property boom has drastically transformed the facades of Phnom Penh, Siem Reap, and Sihanoukville over the past decade. Some buildings of old are renovated and given a new lease on life, while some are outright torn down to make space for the new. As the popular saying goes, “Out with the old, in with the new”.But things are not so easily put into simple terms in the Kingdom of Wonder.While western influences are certainly permeating the design philosophy of new projects, there is a parallel movement that draws inspiration from the long and abundant history of Cambodian aesthetics, namely, the New Khmer architecture.Heavy use of reinforced concrete characterized the Olympic National Sports Complex. Photo by Pen Sereypagna.The New Khmer architecture is a design philosophy coined by Helen Grant Ross and Darryl Leon Collins in their book “Building Cambodia: the New Khmer Architecture” published back in 2002. The movement is described as merging modernist principles founded in the West with traditional Khmer designs dating all the way back to Angkorian architecture (i.e. the Angkor Wat temple).The Angkor Wat Temples stand as a monument to the rich heritage of Khmer architecture. Photo by Sharon Ang.The beginnings of New Khmer architectureWhile it was not officially called the New Khmer Architecture, the movement saw its beginnings in the 1950s after Cambodia’s independence from France and lasting up until the 1970s before the beginning of the civil war.It was under the patronage and vision of the late King Norodom Sihanouk that it started weaving itself in Cambodia’s urban development in the 1950s. Many Cambodian intellectuals, especially those who studied abroad, came to lend their experience and knowledge of Khmer heritage to help build a modern Cambodia. Architects, in particular, became key persons in realizing the King’s vision.And this is where Vann Molyvann, the man who would define Cambodia’s urban facade for the next half-century, comes into the picture. Vann Molyvann standing in the National Stadium. Photo by the Khmer Times.Vann Molyvann is a pillar in the Kingdom’s architectural history. He rose to prominence in the 1950s and 1960s as the nation’s State Architect under the direction of the King. Vann designed many of the iconic structures in Cambodia, including The National Sports Complex, Chaktomuk Conference Hall, and the Independence Monument, among many others, earning him the title of Cambodia’s most prominent architect.Vann Molyvann described his home as a chance to play with new design ideas. Supplied.New Khmer architecture todayAccording to the Vann Molyvann Project, an organization documenting and studying the works of Vann Molyvann and other modernist architecture, the New Khmer Architecture can be characterized as:Chiefly using reinforced concreteVisual and structural references to pre-existing Cambodian construction techniquesCreative use of natural airflow and shading in line with Cambodia’s tropical climateSparing use of ornamentation, chiefly inspired by Angkorian temple decorationsNew Khmer Architecture, according to the Vann Molyvann Project, is underpinned by these characteristics while engaging international modernisms; an adaptation of the prevailing international style of modernism into the local vernacular.Today, the New Khmer Architecture is once again showing itself in Cambodia’s booming construction and property sector. The Room Design Studio, an architectural and interior design firm, is one of the studios bringing Cambodian designs to the forefront of a modernizing country.The Toul Kork Office is a new project by the Room Design Studio. Supplied.“Our human-centered spaces weave the needs of a rapidly-evolving nation and its cultural heritage with a forward-thinking philosophy” is how The Room Design Studio described its operating philosophy behind every project.“At The Room Design Studio, we see each architecture project as a possibility to construct environments that fulfill human needs. Our architects remain committed to and inspired by Cambodian tradition and its wealth of natural resources”The Parliamentary Institute of Cambodia designed by the Room Design Studio. Supplied.Breathing space is a core character of New Khmer Architecture. The One Resort by the Room Design Studio. Supplied.Examples of this new Khmer house architecture are The Skyline Apartments, Parliamentary Institute of Cambodia, and the One Resort which all draw from western influences of using glass and steel while using reinforced concrete to create wide and open spaces, a pillar of Khmer design heavily influenced by the country’s tropical climate.Render of the Landmark 178 by the Room Design Studio. Supplied.This resurgence of Khmer house architecture isn’t exclusive to residential and vacation projects. The Landmark 178 is another example of New Khmer Architecture taking form in Phnom Penh’s expanding office market space.“We took inspiration from the New Khmer Architecture style from the 60s to create a friendly and attractive working environment from the exterior to the interior,” describes the Room Design Studio’s approach when it came to conceptualizing the project.Interiors are an equally important pillar of the local vernacular. Aside from wide-and-open spaces, the sparing use of ornamentation is noticeable in projects inspired by New Khmer Architecture.The Toul Kork Office by the Room Design Studio. Supplied.The Toul Kork Office is a newly constructed rental office building designed as a contemporary landmark in the up-and-coming district. Interestingly, this project has a noticeable lack of pillars in the inside workspace. The Room Design Studio made it so owners have the flexibility to decide their office arrangements without added restrictions.On the outside, the red staircase on the side of the Toul Kork Office serves as a visual marker but, as it stands on the outside of the building, also clears up room for a greater amount of interior rentable space. As with interiors being equally important as exteriors, any Khmer-inspired building today endeavors to deliver in both form and function.“Its red staircase serves as a visual marker but, as it stands on the outside of the building, also clears up room for a greater amount of interior rentable space”The resurgence of the New Khmer Architecture in a modernizing Cambodia certainly gives its cityscapes and identity amid the flurry of new projects announced and completed every year. And with the presence of designers like the Room Design Studio, the Kingdom can rest easy that its traditions will see the dawn of a truly modern Cambodia.Article by:

Studio apartments in Phnom Penh continue to see interest from local investors/buyers. Photo supplied by Phnom Penh Galaxy Garden.The effects of a tough 2020 are still keeping Phnom Penh’s property market activity on the low side. But for the most driven property seekers looking to live in the city, it’s been the high-time to go around town.Realestate.com.kh Market Trends, the leading property classifieds portal in Cambodia, reports that though median sale prices condominiums in the city have gained some market footing, their prices are still comparatively lower prior to 2020.Key highlights of condominium sale price trends in Phnom Penh1-bedroom condo median sale price recorded at ~$88,0001-bedroom condo median sale prices are 20% lower compared to September 20202-bedroom condo median sale price recorded at ~$168,0003-bedroom condo median sale price recorded at ~$300,000Prices displayed on Market Trends are median prices found across Phnom Penh and are designed as a guide to navigate price ranges. Realestate.com.kh is advising interested buyers to visit the condominiums for sale on Phnom Penh page for the specific rates of projects they may be interested in.According to Market Trends, listed 1-bedroom apartment median sale prices are recorded at ~$88,000, around 20% lower than the highest recorded value of $105,000 way back in September 2020; median sale prices have yet to recover.The entry of new projects with below-$88,000 1-bedroom units such as Ratana Plaza Top Apartment and Phnom Penh Galaxy Garden into the market further added to the condominium selection in the city.The city’s notable growth over the past decade due to the influx of workers from the countryside moving to the city, the growth of a middle class looking to invest in property, and the arrival of expatriates working for NGOs and multinational companies. And while COVID-19 hampered the growth of foreign investors/renters, their popularity among local property seekers remain - creating the only viable market both agents and developers have shifted much of their attention to.The pricier but larger units in 2-bedroom and 3-bedroom formats have gained some stability as Phnom Penh’s market came to grips with its COVID-19 situation. Prices for these larger units, however, remain lower than what they were over a year ago. Market Trends reports median sale prices have stabilized to ~$168,000 for 2-bedroom and ~$300,000 for 3-bedroom units.China’s Ambassador to Cambodia Wang Wentian (L) with Prime Minister Hun Sen at the vaccine handover ceremony at Phnom Penh International Airport last February 7. Photo by KT/Khem Sovannara.The first batch of much-awaited COVID-19 vaccines from China arrived in the Kingdom last February 7 (Sunday), according to a report by the Khmer Times. Prime Minister Hun Sen, who was present during the handover, expressed confidence that “The vaccination drive will play a positive role in restoring the Kingdom’s socio-economic development”.Previous market outlooks stated that the economic effects caused by COVID-19 will continue looming over the Kingdom without a working vaccine in circulation. The arrival of the first batch of vaccines will certainly play a role in reinstating market confidence in the Kingdom’s property sector; with local buyers/investors moving first and international clients returning once vaccines are made globally accessible.Article by:

Owning your dream home is now easier than ever! Phillip Bank is currently offering Cambodian property seekers up to 90% financing. Cambodian property buyers who apply with Phillip Bank will additionally be treated to an interest rate as low as 0.69% per month for up to 25 years.Phillip Bank is part of PhillipCapital, a Singapore-based financial group founded in 1975. Through its 40 years of expansion, PhillipCapital has grown to serve more than 1 million clients worldwide and manage assets worth more than $35 billion across more than 15 major marketplaces in Asia, Europe, and North America.Phillip Bank was established in Cambodia back in 2009. The bank has since expanded to 89 branches as of 2020 and is still pursuing plans to expand its operations in the Kingdom. Their 90% Home Loan program is the first of a series of new products Phillip Bank will be offering Cambodia’s expanding property market.“The current property market remains competitive and it follows that we offer a similar way for buyers to purchase property easily,” stated Phillip Bank. “We’ve streamlined our qualification process to allow for fast and quick approvals”Cambodia’s property sector has been a hot market over the last decade. While condominiums have taken the spotlight, landed properties such as boreys have equally grown in popularity.“Land is greatly valued by Cambodian property owners. The growth of boreys in suburban areas reflects this, alongside the explosion of condominiums in the city center,” said Phillip Bank. “Our 90% Home Loan is seeking to assist Cambodian borey buyers”The global outbreak of COVID-19 stymied most growth prospects in the Kingdom. But as a new year dawns, many believe there is hope for recovery in 2021. Phillip Bank has observed that “While it’s still not clear when the property market will see the kind of activity it did prior to 2020, we observed that real estate professionals are not simply sitting idle and waiting for things to tide over.”“The activity we’re seeing now is the industry adapting to the new normal way of living,” said Phillip Bank. “And this year, we’ve made it our goal to help Cambodian buyers own their dream home”.

La Vista OneA beautiful turnA year worthy of history with the outbreak of COVID-19The economic situations all over the world are direThe world faces the most severe test of the 21st centuryAnd it seems that,To exist is to be strong, to live is to be luckyLa Vista One remains committed,Whether it's a thorn or a roseTo stay true to its purpose and forge aheadFor the benefit of the peopleAt this moment, follow the hour hand to review 2020Let us witness the achievements and vision of La Vista oneLooking back on 2020, La Vista One faced the pressure of the epidemic with unwavering dedication from all its employees. The project has additionally retained its prestige thanks to the unique location advantages of the "Mekong Bay Area" and features such as scarce waterscape resources, and its own international top-level supporting facilities. La Vista One remains recognized by Phnom Penh real estate peers and international distribution companies as a top residential choice, no matter the climate.La Vista One won two awards for the best apartment development and the best landscape design in the Asian Real Estate Awards in August 2020, becoming the most popular river view real estate in Phnom Penh, Cambodia.In 2020, due to the impact of the COVID-19 pandemic, La Vista One seeks to deepen its connection to the Cambodian market and meet the growing demand for high-quality homes. At the same time, it has cooperated with domestic JD E-commerce companies and selected seven cities: Beijing, Shanghai, Nantong, Wenzhou, Taiyuan, Xi'an, and Shijiazhuang, have cooperated with more than a dozen companies to launch online property sale activities on JD.com and have achieved considerable results.What kind of architecture can survive the test of time?In the busy rhythm of modern cities, what kind of "poetry" do people need to bring restless daily life back to peace?When the quality is refined to a level beyond your imagination, what kind of surprises will it present?These are questions La Vista One delivers on.In 2020, the areas of Phnom Penh along the Mekong River saw much prosperity. La Vista One will open up a new waterfront lifestyle on the Mekong River with a 41-story double V pattern high-end luxury building, with 48-127 square meters of waterfront living space. Large-scale private leisure clubs gather the world’s elites from various industries. With a 1.8m wide-view balcony and a 270° extreme view of the landscape, you can savor the sight of the prosperous city from a distance and enjoy Chbar Ampov’s peaceful green scenery up close.EngineeringArchitecture is about scaling. From a blueprint to a state of beauty, La Vista one is carved in time and settled in the years.Facing the unusual 2020, La Vista One implemented health measures on the project construction site to ensure worker health and continue the project as intended. The site was equipped with infrared thermometers at the gates, and staff regularly carried out temperature detection of all customers and employees who came and went into the area. Engineers and construction workers have overcome the difficulties caused by the epidemic, working day and night, building bricks and tiles with tireless effort, and watering plants and trees with much hope their work will one day pay off.At present, building A of the La Vista one project has completed the binding of 22-story beam slab reinforcement, and concrete pouring is about to begin; building B is under construction of 23-story floor slab support.Hope is an invincible value, especially if it’s looking forward to better days. La Vista one is moving steadily towards what you are looking forward to. Please be patient and wait for the delivery at the end of the year.CharityThe gleam of the candle fire can also stir up the atrium, trickle-down, and eventually merge into the sea. "We benefit from society and we must work hard to give back to society", this is the philosophy that La Vista One advocates.At the beginning of the new year of 2020, La Vista One launched the "Love Khmer, Love in Amethyst" charity activity, donating donations and daily needs to charitable organizations such as the Cambodian Khunthaphua Children's Hospital and the Cambodian Red Cross. The materials are used to care for children with special needs in Cambodia and ultimately give back to the people of Cambodia.In June 2020, during the height of the global pandemic, La Vista One took "the name of epidemic love, good deeds of Khmer" as the public welfare theme, and brought masks, hand sanitizers, and other most urgently needed protective materials in hospitals like the Cambodian Khuntha Phah Children's Hospital, and offer a special warmth to the medical staff and patients here.In October 2020, Cambodia was hit by typhoons, tropical depressions, and heavy rainfall for several days, and floods occurred in many provinces and cities. At 10 am on the 22nd, Mr. Zhao Haosheng, Executive Deputy General Manager of the company affiliated with La Vista One project, Ms. Ye Xin, Director of Marketing, and leaders of various departments of the company walked into the Cambodian Red Cross to donate charity and relief supplies on behalf of all employees of the company. Overcome the difficulties with the Cambodian people.With the power of enterprises, we will transmit positive social energy and contribute to the building of a better Cambodia.La Vista OneTime is endless in its silenceTime gives people a measure of possibilitiesThe journey towads the future is like the stars and the sea, shining brightlyMore so in this hopeful year of 2021La Vista one will continue to coexist with the city and create more exciting avenues for its peopleFirst choice for investment in Phnom PenhLa Vista One One is located at the intersection of the Mekong and Tonle Sap Rivers in the Shuijinghua District of Phnom Penh. The entire project is planned and constructed with a 41-story, 140-meter-high Art Deco twin tower.Surrounding facilities: 2023 Southeast Asia Games Hall, Li Yongfa Satellite City, OCIC Water Jinghua Satellite City, World-Class Convention, and Exhibition Center, New Municipal Business Center, Phnom Penh Garden City 18-hole Golf Club, Asia's largest water park, Safari Zoo, Dinosaur Theme Park, Phnom Penh largest Lucky supermarket, Soka Hotel, Wankelong.Educational resources: Shuijinghua Primary School (Secondary School), Prince Xie Xin Middle School, Norton University, Cambodian Polytechnic University, APF International School.Medical facilities: Sunrise Hospital in Japan.Project supporting facilities: infinity swimming pool, global restaurant, sky bar, pick up cafe, executive lounge, sky garden living room, panoramic gym, spa, children's playground, hotel butler service, etc. Layout design: one-bedroom with crystal, two-bedroom with a wide view, three-bedroom luxury and elegant, 48-127 square meters of smart crystal space, multiple choices, suitable for both residential and investment purposes.

The United Kingdom is an ideal place for future investments, be it in education or in real estate. Supplied.Studying abroad is a trend among Cambodians who come from wealthy families. While there are many popular choices like the United States and Australia, the United Kingdom remains a top choice for them, and here’s why:Popular Reasons Cambodians study in the United KingdomThe United Kingdom, for many years, has been welcoming students from abroad through its network of educational programs and partnerships.According to a 2018/2019 report by the House of Commons, around 485,000 foreign students are studying in the UK. The House of Commons reports around 350,000 of these foreign students are not from the European Union. So, sticking out shouldn’t be much of a concern if you’re a student or a parent. Instead, familiarizing yourself with how you can benefit from educational opportunities in the UK should be a top priority!Internationally recognized programsThe United Kingdom is home to many world-renowned high schools, colleges, universities, and research facilities that offer programs for international students, Cambodians included. Each of these institutions offers exceptional curriculums and post-graduate opportunities that, given enough diligence and time, open lucrative opportunities for Cambodian students within the United Kingdom or even the wider European job market.Top-class educational facilitiesHigh schools and universities in the UK complement their exceptional curriculums with top-tier facilities to further facilitate an environment of learning. Popular courses such as information technology, medicine, mathematics, linguistics, art and design, banking and finance, and business management are done through proper application and guidance of knowledgeable teachers and experts of their chosen fields - further securing an advantage within a highly competitive job market.Learning British EnglishThough English is considered to be an international language nowadays, British English has always stood out as a unique way of speaking, writing, and conversing. Cambodian students who choose to study in the United Kingdom will inevitably learn how to speak (complete with the accent!) and write in the iconic British manner. It’s more than just a cool party trick, it can be your key to a lot of opportunities!TravelingIt’s no secret that the dream of traveling is quite prevalent in today’s youth. The idea of seeing new sights, experiencing different cultures, and learning about them is what would popularly be referred to as #goals.Studying in the United Kingdom definitely can realize any Cambodian students’ dream of experiencing something beyond what they have grown accustomed to. Gaining a new perspective on everyday life is an often forgotten yet important aspect of any holistic educational endeavor.Path to living and working in the UKGraduating from any college, university, research institute, and even high school in the United Kingdom already nets a student a good advantage, be it pursuing further studies or securing a well-paying job. If the student does well, many universities in the United Kingdom will offer Cambodian students the opportunity to live and work in the country immediately after graduating with no field restrictions. That could be a path to more permanent status in the United Kingdom.What happens after graduation?Graduation is a milestone for any student, especially if they're coming from prestigious universities in the United Kingdom. Supplied.The world is anyone’s oyster after graduating. And coming from a prestigious UK university already nets you an advantage you would be wise to take advantage of as a student! All you’ll need now is a place to live. Fortunately, it has become easier for Cambodians to invest in UK property.Leander Group, a private investment group with holdings in both the United Kingdom and Cambodia, is working together with API Global, a UK-based property specialist with a network of leading and reputable developers in the country. The two recently announced a partnership to offer Cambodians the opportunity to own property in the UK’s 2nd most populated area: Birmingham city.Why live and study in Birmingham city?The city is home to many small shops that maintain its quaint appeal while maintaining its position for further urban development. Photo by Khamko.It’s understandable that most would think of London if given the chance to study and eventually work in the United Kingdom. But much like Phnom Penh, Birmingham is seeing its own infrastructure boom and raising its profile as a prime investment hub for the next decade. Let’s take a look at why should Cambodians consider Birmingham for studies and more:Lower cost of living in BirminghamBirmingham has plenty of markets where you can get good deals on different products across cultures. Photo by Birmingham Mail.Birmingham has a considerably lower cost of living than London. Its housing sector, in particular, offers excellent value for an up-and-coming city. Property investors are catching on that Birmingham will likely see great potential uplift in the coming years.Wages are an integral part of any cost of living discussion in any city. While they are higher in London, the cost of living is considerably higher as well - to the point where wages do not adequately realize one’s dream of living in the big city. It’s definitely something that’s been pondered over by many who live in London.On the other hand, Birmingham is offering plenty of urban conveniences without the high cost and crowds associated with most major cities. These conveniences (even luxuries) are attainable for as short as 2 hours of work, including a quantity of Michelin star restaurants and creative hotspots mostly centered around Digbeth. You don’t have to break the bank to enjoy what Birmingham has to offer.Transportation in BirminghamBirmingham is a city with plenty of transportation options that suit your day-to-day needs. Supplied.There are plenty of options when it comes to getting around in Birmingham. Depending on where you want to go, you can take the public trains, buses, and taxi services. Birmingham is quite cycling-friendly with lanes allotted for cyclists to get around the visit - also ideal if you wanna stay active at the same time! You may visit their information center to learn more about available transportation in Birmingham.Since we’re on the topic of transportation, it’s important to mention that Digbeth, Birmingham has been earmarked as the home to the new HS2 train hub site around the corner on Curzon street. This new train hub endeavor is estimated to bring the capital of London even closer by cutting the 2-hour travel time down to just 49 minutes (quicker than crossing one side of London to the other!).The HS2 hub site is expected to attract an estimated £1.5bn of new investment and generate 22,000 jobs in the region, further adding to Birmingham’s already growing potential as a property investment destination.Schools/universities in BirminghamOpen campuses are definitely a treat for Cambodian university students who wish to study in the United Kingdom. Photo by the University of Birmingham.Cambodians will have plenty of choices when it comes to schools in Birmingham city. Here’s a brief overview of the leading schools/universities in Birmingham:Birmingham Metropolitan CollegeUniversity College BirminghamCity College BirminghamAston UniversityNewman University CollegeUniversity of BirminghamBirmingham City UniversityBirmingham Business SchoolAston Business SchoolKing Edward’s School (Private school in Birmingham)Additionally, over 360 primary schools, 165 secondary schools, and over 100 colleges operate within Birmingham.As mentioned in an earlier part of this guide, international students who have valid immigration status as a student and finish an undergraduate program or above in UK schools are allowed to work/look for work in any career or position of their choice for a span of two years.After two years, they can switch their visa into a Skilled Work visa if they find a job that meets the skill requirements of the route. For more specific information about student/work visas in the UK, you may visit the student visa portal of the United Kingdom.Foreign property ownership in Birmingham, UKAPEX Lofts is one such property in Birmingham city that Cambodians can readily purchase/invest in the United Kingdom. Supplied.Foreigners, including Cambodians, are allowed to own and invest in UK properties be it under-construction, new, or resale. Leander Group, a company specializing in UK-based investments for Cambodians, notes that though no additional charges are levied on foreign buyers, there will still be property transaction costs, including legal fees, searches, and reports & registration costs that need to be considered.The chief cost to consider would be the Stamp Duty Land Tax (SDLT). The SDLT applies after a certain price threshold depending on the type of property. According to the UK government, the SDLT threshold is £125,000 for residential properties (beginning April 1, 2021).Getting your foot in the doorThe United Kingdom offers plenty of opportunities whether you’re a parent or a student looking beyond Cambodia to secure your/your child’s future. A degree from any reputable school in the United Kingdom grants its graduates an edge over a highly competitive market and opens many lucrative doors, an enviable position for many. However, studying in the United Kingdom is one thing, and securing your place (literally and figuratively) is another.If there’s anything we want for you to take away from this article, it’s that you may want to look beyond degrees and schools by considering investing in property in the United Kingdom, especially in Birmingham. Because when it comes to a brighter and more secure future, Birmingham will be offering exactly that and a whole lot more in the coming years.Article by:

The 38-road project in Siem Reap is a massive undertaking designed to improve the city's tourism and overall economic prospects. Photo by K/T Khem SovannaraThe 38-road project in Siem Reap is seeing significant progress since its groundbreaking in late November 2020. The infrastructure project is constructing and rehabilitating roads in the city along with building and repairing rainwater drainage and wastewater purification systems.Minister of Public Works and Transport, Sun Chanthol emphasized the project’s focus on “quality, efficiency, and timeliness”. He adds that the roads will be made suitable for regular traffic and trucks commonly passing through the city’s roads.Approved in September 2020 at an estimated cost of $150 million, the project comes at a convenient time when the city’s roads are less busy due to the lack of tourists.According to a report by the Ministry of Tourism, tourists arriving at Siem Reap International Airport are down by 84% as of November 2020. Visitors arriving by land are similarly down by 71% over the same period.Given its tourism lull, the government has taken the initiative to turn it into an opportunity to improve Siem Reap’s tourism prospects. The 38-road project is part of the Siem Reap Tourism Development Master Plan 2020-2035, conceived earlier in 2020 aiming to transform the country’s primary tourism hub into one that can accommodate the surge of travel once COVID-19 is fully under control.Last January 29, Minister of Defense Samdech Pich Sena Tea Banh, with Director-General of the Electricite de Cambodge (EDC) Keo Rattanak, personally inspected the progress on the 38-road road project in Siem Reap. Officials report that the project is well on its way at 17% completion (as of last week of January) and on schedule to meet its year-end completion date.MPWT Minister Sun Chanthol speaking with senior officials and relevant stakeholders during a conference regarding the 38-road project. Photo by Khmer Times.In a report by the Khmer Times, MPWT Minister Sun Chanthol warned there will be no payment to the construction company of the 38-road project in Siem Reap if it was found uncompliant with technical standards and the technical construction guidebook.Cambodia’s ministries have been on top of its infrastructure development, adhering to its promise made earlier this year to pursue large-scale projects despite COVID-19. Real estate experts have observed that the continuing infrastructure development through the year will benefit much of Cambodia’s industries, more so when the global pandemic subsides.Article by:

The beauty of life is built in details.Be it a curtain, an ornament, or a bouquet,Your choices reflect tastes and styles.Prince Happiness PlazaPresents an ideal lifestyle for you.Versatile spaces, unique fit-outs and bold colors.It represents young people’s pursuit of fashion, art and ego.In a bustling world,You never lose your own identity and style.SMALL SPACE – BIG FREEDOM For white collars and cosmo girls,Apartments provide solitary places for better privacy.Set yourself freeAnd become your true selves,At your own space in your own time.Enjoy quiet reading in the cozy lightingSpend the day at your own paceWith NO interruptions.At Prince Happiness Plaza,Live in a world of your own.From HERE, you achieve your dreams. As a young professional,You walk on, vigorously, fearlessly, and passionately.We understand you need more than a shelter,But a way of life.Prince Happiness PlazaPresents a lifestyle just the way you want it.In HERE,Live and share,With like-minded people.In HERE,Meet fellow sneakerheads and toy collectors.In HERE,Meet book lovers and have intellectual conversations.In HERE, Live on the edge of fashion with people of your own age.Come and live at Prince Happiness Plaza，Meet your very own kind.Together in joy and laughter,Live a life of fashion.Freedom and Ease. We Make It Worth Your While. We provide great financing policies.Our HAPPINESS apartments are affordable.With a down payment from $10,000 and a monthly installment from $252,Own your future home on the most bustling Monivong Blvd in Phnom Penh.One Life. Live it well.

BKK tops property searches in Phnom Penh for its variety of residential and commercial developments in the district. Supplied.Cambodia’s real estate surge certainly slowed down over the height of pandemic fears in 2020, but that did not mean buyers lost interest in the market altogether. Realestate.com.kh, the largest real estate classifieds portal in Cambodia, reports Boeung Keng Kang (BKK) district topped property search inquiries in 2020.The BKK district’s search volume on Realestate.com.kh was followed by properties in Chamkarmon, Daun Penh, 7 Makara, and Toul Kork. The real estate website collected data from over 2 million visitors to Realestate.com.kh throughout 2020.“2020 was a challenging year for real estate markets globally, including Cambodia. However, there was still some good activity in the market and some very interesting trends that we are still seeing as we enter 2021,” said Thomas O’Sullivan, CEO of Realestate.com.kh.He explains that local and international investors that understand the Cambodian market are very much on the hunt for “good deals” and property for sale under market value. Due to the pandemic and its effects on the property market in Cambodia, many sellers were keen to sell property, even if that meant selling for less than what they might have got pre-pandemic.The first 2 quarters of 2020 appeared bleak to industry experts as Cambodia’s property market, particularly in Phnom Penh, was largely driven by high-end developments geared towards the local elite and foreign investors, the latter being heavily stymied following international travel restrictions. Realestate.com.kh reports that it was also during this time that property searches significantly declined.Chamkarmon is a popular tourist area seeing its fair share of residential and commercial developments over the next few years. Supplied.“Prior to COVID-19, most condominiums would have liked to have been selling more properties to Cambodians, but the international market’s interest in properties here was simply too strong to ignore.” Thomas observed, “And because international buyers typically have stronger purchasing power, developers naturally focused more on the international market; it was much better cash flow for the project.”In an effort to continue to stimulate investment from international buyers, In June 2020, Realestate.com.kh launched the first-ever Black Friday Property Sale in Cambodia which featured new developments and resale properties at discounted prices. The event managed to book over $15,000,000 worth of property across the country in a span of 4 hours. Black Friday Property Sale’s success reignited interest from international buyers but also highlighted the local buyer’s market looking for attractive deals.“As COVID-19 hit, condo developers shifted to focus on the local market. The most successful developers in 2020 were quick to move and adapt to the new market conditions, created payment plans that suited local buyers, and moved their marketing away from GRR, leaseback schemes, etc., as local buyers are less interested in these,” Thomas said.He noted that the most interesting trend to come out of 2020, was the massive shift towards condos for local buyers alongside the sustained popularity of borey properties.The National Bank of Cambodia (NBC) published a 4% growth forecast for the year 2021 on the back of a strong financial sector. The report expects renewed activity in the construction and property sectors following the re-entry of foreign direct investments, revenue recovery, and overall economic growth.Article by:

Winner of the Best Interior Design and Best Architectural Design awards at the 2019 Cambodia Asia Property Awards, The Peninsula Private Residences boasts a unique blend of a private residence, varied facilities, and hospitality-inspired services. As we welcome the year 2021, we are more than excited to announce the upcoming completion of the finest landmark at the gateway of Chroy Changvar district. We are especially proud to showcase the many milestones that we have achieved over the past year as we make your dream home a reality.We have organized many significant events such as the one and only “Rolling with Passion” event, in partnership with The Pacific Cigar Co (Cambodia), Partagas Cigar, and Fat Passion Restaurant, featuring a live cigar rolling demonstration by Master Cigar Roller Señor Dariel Hernandez to celebrate quality lifestyle living and exceptional experiences. “The Peninsula Year-End Sharing Session” where we invited various experts, notably, His Excellency Khliang Huot, the Chroy Changvar District Governor, Mr. Yong Ching San, Head of Credit Management in RHB Cambodia and Mr. Tom O’Sullivan, Chief Executive Officer of Realestate.com.kh to give their personal input on the fields of their respective expertise. Our “Embracing the New Normal Together” event was held at the Elephant Bar, Raffles Hotel Le Royal where our clients and partners reconnect over delectable food and drinks as they enjoy the serene atmosphere at the lavish bar.Last but not least, it is with much excitement that we welcome CBRE Cambodia on board as The Peninsula Private Residences' official property management consultants. On that note, as we rejoice in the new year, if you are on the lookout for a ready to move in property or should you have any leasing enquiries, we warmly welcome you to visit us at our Sales Gallery located at Keo Chenda Street, just steps away from our construction site or you can also contact us at +855 (0)17 222 760.

Many would agree starry nights are a sight to behold; it transcends cultures through the centuries - a testament to its magnificence. But as more cities develop, we’ve pushed this taken-for-granted vista aside in favor of meeting the demands of a modernizing society. And it seems that the many who would behold any starry night have accepted this as a tragic but necessary byproduct.New developments in Phnom Penh, however, are looking to preserve its natural beauty. The Phnom Penh Galaxy Garden, a new condominium development, is keen on building a cityscape with Cambodia’s natural spectacles in mind.As naming conventions go, Phnom Penh Galaxy Garden emphasizes providing a modern residence surrounded by gardens under a starlit night sky. It stands 33 floors with two outdoor recreational areas for residents among a long list of other residential and complementing amenities available.Phnom Penh Galaxy Garden’s condominium units are crafted with comfort and security in mind. Beyond that, these residential units are offered in spaces that cater to the more sophisticated needs of buyers in Cambodia. Up to 6 unit types are available to choose from ranging from 46sqm to 148sqm of blank residential canvass. So whether you’re by yourself or have a family, the Phnom Penh Galaxy Garden can readily accommodate your needs.A truly modern condominium requires more than comfortable residential units. Any resident’s interests may span a galaxy and the Phnom Penh Galaxy Garden certainly provides their plethora of amenities to meet them!High-class facilities can be found throughout the development. Two gardens are present within the Phnom Penh Galaxy Garden. One on the rooftop, and one on the lower levels with each one hosting a different set of amenities. Depending on the preference, residents can enjoy a majestic bird’s eye view of Phnom Penh through the Skydeck, take a relaxing swim in the pool, fitness center, and even an exhilarating visit on sky glass walk. Areas for brisk walking/running is also available in the lower garden area where residents looking to stay active can do so with Phnom Penh's famed city breeze.Topping all of these off is the growing number of purpose-built shopping malls and other commercial establishments popping around Sen Sok; big commercial areas, such as the shopping mall AEON Mall 2 and wholesale center Makro. Dozens of supermarkets, cafes, and restaurants also dot the surrounding area of Phnom Penh Galaxy Garden. Living in the Phnom Penh Galaxy Garden gives residents the convenience of satisfying every whim.Prime rental location in Sen SokPhnom Penh is fast on-the-rise as its property sector builds up a cityscape similar to its neighbors. Phnom Penh Galaxy Garden stands as a prime property and investment choice among those looking to get ahead in Sen Sok’s hot property market.Phnom Penh Galaxy Garden sits at a comfortable distance from colleges and universities in Phnom Penh. Schools such as the University of Cambodia, Pannasastra University of Cambodia, Phnom Penh Institute of Technology, and the Royal University of Phnom Penh, are all within 10-20 minutes away. And with more Cambodian families from the countryside sending their children to Phnom Penh for school, the Phnom Penh Galaxy Garden will increasingly be an ideal place for rent near universities in Phnom Penh.Of course, costs mean a lot to anyone, especially for parents. Fortunately, Phnom Penh Galaxy Garden is offering buyers a 0% interest installment for up to 30 months. Bank loans are also available where interested buyers can get a 50% downpayment before the handover in May 2023!In the first year of its construction, a sizeable portion of pre-selling units have been sold and a flurry of interested buyers and investors are continuously asking what can kind of returns can they expect? With a healthy 6% guaranteed rental returns, who could possibly pass on the Phnom Penh Galaxy Garden?“Your home in the stars” takes on multiple meanings with Phnom Penh Galaxy Garden. Not only does it provide residents with luxury comforts, great location, and even better returns, it allows residents to enjoy all of it under the romantic blanket of Phnom Penh’s pristine night sky.

Sales volume is and always will be the best evidence for how successful and popular a real estate project is. In 2020, when most projects are heavily affected by COVID-19, Le Condé BKK1, one of the prime luxury residential projects in center Phnom Penh, sold a record-breaking $22,450,000 worth of sales in 5 months! How Le Condé achieved this might be very surprising for many. But real estate experts agree this is well within expectations from a well-conceived project sitting in the best location with multiple revolutionary amenities adorned with beautiful interiors.Le Condé BKK1 probably is one of the best practitioners of a localized business strategy; 84% of customers are local Cambodians. Its customer base, and how Le Condé achieved such sales figures in a tough year, shows the developer’s insightful interpretation of the actual need of the local customers.Le Condé was designed and built to offer something different, especially now that the condo market is filled with homogenized products. For example, plenty of projects offer residential gardens but only a few are designed to shade an area as wide as Le Condé’s measuring 800 sqm. This is a very identifiable example of Le Condé’s pragmatic development philosophy: To develop based on the what property seekers in Cambodia need.For Le Condé, the best reward for their continuous effort to create a landmark project in the center of Phnom Penh are the endless streams of customers expressing a keen interest in seeing what it has to offer. To this day, Le Condé sales gallery is still the primary place to visit for those who want to see what a modern home in Phnom Penh should be.To greet the new year Le Condé is launching a series of promotions to express its gratitude to Cambodia’s property market. If you’re looking for a new home in this new year, Le Condé will be offering exclusive sales packages that are right for you!