Quarantine Fun Challenge is a fun and rewarding online challenge that was initiated by Le Condé BKK1 project to entertain people during this lockdown period by making a fun video of your quarantine time.To support the Government during this lockdown, Le Condé BKK1 initiated this online challenge and now it is valid until 5th May 2021 to join and the winners will be announced on 7th May 2021.Le Condé BKK1 understands that it is a very tough moment for everyone. Taking this opportunity, Le Condé BKK1 would like to encourage people to stay alert with a strong mentality while doing quarantine, however, they still can have fun by joining this challenge at home. What’s even more interesting, many big prizes for the winners, the biggest prize is $1,500 cash for the winner with the most creative video.Right after the announcement, quickly hundreds of participants made videos to join our challenge sharing their quarantine fun day, showing that quarantine is not boring at all but we still can have some fun too. We have noticed some famous idols also joined our challenges like HRH Princess Norodom Pongsoriya and our handsome YouTuber Heng Visal.Many of the challenge participants expressed their positive feedback on this online challenge that this is a brilliant idea; while people stuck at home, they are easily getting bored and not very productive, however this challenge is very entertaining, interestingly a lot of big prizes. They also shared it with their friends and relatives to join.Le Condé BKK1 is a high-class residential condo project situated in a great location - central of Boeung Keng Kang 1 with revolutionary amenities. In the market, it’s very well-recognized because it’s the first smart home project in Cambodia. All these remarkable factors made Le Condé BKK1 the top sale and outstanding project thus far.

Prime Minister Hun Sen speaking at an event prior to lockdowns. Photo by K/T Khem SovannaraPrime Minister Hun Sen announced last night he will end the lockdown in Phnom Penh and other provinces, but some small areas with a high risk of infections will remain under restrictions.His announcement was made in response to a Facebook user, asking him about the situation after May 5, a deadline to reopen Phnom Penh and Takhmao City after three weeks of lockdown to prevent the spread of COVID-19.“There is no reason to continue to close it. We will reopen provinces or capital. [We] can close small areas where there is a high risk of infections,” he said.“Ongoing lockdowns are compulsory to reduce the infection and deaths of our people. Please understand a common difficulty faced by the nation,” he added.Originally published in the Khmer Times:https://www.khmertimeskh.com/50849886/lockdown-in-phom-penh-and-takhmao-to-be-lifted-after-may-5/

Key Features of an Oasis VillaThe Oasis Villa is the newest flagship model home in Borey Williams family of homes. This house has many awesome features that you don’t want to miss.Massive lot size – Each Oasis comes with a standard land size of 400 square meters! This is our largest size home yet which appropriately has the largest size lot also. Plenty of room for gardens, a pool, extra parking, or just enjoy the green space surrounding your home. You can expand your lot size to make it even bigger if you want.A curved driveway! - The Oasis driveway is curved! It can easily park up to 3 or 4 vehicles which makes it easy when you have lots of friends visiting. Since the driveway is curved you can easily enter or exit from either side which means you don’t have to put your car in reverse. This is actually safer because you don’t risk backing into a low object (or person) behind your car which is out of view. The driveway is also covered by a massive balcony so there is cover from the rain or sunshine when entering and exiting your car… just like a hotel.Huge windows - Looking at the front of the Oasis Villa, your eyes are immediately drawn to the gigantic box-style windows on either side of the home. The largest window is over 6 meters tall! At night you will see the glow from around each window as there is offset LED accent lighting around each window. The concept with the Oasis design was to allow lots of light into the home while offering an ultra-contemporary design pleasing to the eyes. The oversize windows provide a great view of your gardens and lawn as well so you can enjoy your green space. Be prepared, as you may have many neighbors just stand outside and look at your home’s unique style, as they will want an Oasis too if they don’t already have one.Ground floor – The main living room has many unique choices of texture and color. There are matte finish wood tiles, white granite accent, and dry-stone wall accent which make a warmer feeling in the main sitting room. There is a wrought iron partition separating the living room from the dining room. The dining room can easily fit a table for 8-10 guests. With 3-meter-tall ceilings, you will not feel cramped at all in this large home. There is also a minibar between the dining room and the kitchen which can be used for enjoying each other’s company with someone preparing food in the kitchen and is perfect for parties. The ground floor also has 1 bedroom, 2 bathrooms, and 2 storage closets. First floor. - Walk upstairs and you come to a second living room, also called a loft. This spacious area can be used as a game room, a place to lounge, or a movie room. There is a glass handrail and a view through the main window in the front of the home. This floor also has the master bedroom. This main bedroom features a large private bathroom with double sinks, a grand size walk-in closet, and a private 22 square meter balcony. The Oasis was designed to make the owner feel the most special, have the most beautiful living space, and also more privacy from the other rooms in the house.The second floor – Walk up to the second floor and you have glass doors leading out to an enormous patio balcony which is 51 square meters in size! This is the PERFECT place to have outdoor parties in the evening, sit and enjoy a breeze, exercise in the morning, or just enjoy the view. This oversized patio can be customized to additional bedrooms at customers’ request. This floor also features 2 bedrooms, 1 bathroom, 1 closet, and 1 more balcony. The forward-placed bedroom has sliding glass doors leading out to the second balcony which features a sandstone accent, and wood-paneled ceilings to give warm vibes and unique textures.This Oasis Villa is our latest model which was just released in early 2021 and already has dozens of customer pre-orders. This house was an American-inspired design and only uses premium materials all throughout each section of the home. In the Oasis you will find Cotto fixtures, Rinnai water heaters, Midea air-conditioners, 10-year Jotun paint, and SCG products throughout the home. These are just some of the main brand names our customers have come to expect from Borey Williams homes, and the Oasis will not disappoint.Oasis homes start at $275,500 and monthly payments of only $1,272/month with our partner lenders.Contact us today to book your own Oasis Villa.Phone: 092 92 1000Google Map: http://bit.ly/bwilliamStart Owning Today with Borey Williams!

Just last week Realestate.com.kh announced the return of the famous online property sale event that it first held in 2020 as a vehicle to allow developers, agents, and property seekers to secure property at a great price and transact - 100% online, despite the ongoing pandemic. The inaugural online event generated over 110 reservations and over $40 million in total property value booked during the event.Initially, the 2021 Online Flash Sale was slated to run across 4 days, however, it has now been revealed that the event will span from May 6 right through to the finale on June 6. Here is all you need to know!Realestate.com.kh Online Flash Sale:May 6 - First announcement of properties participating in the event & buyers can start to pre-register their interest in properties and projects & start speaking to developers and arranging online viewingsMay 6 - June 1 - New properties will be released on the event website weeklyJune 2 - Online property seminars from developers, agents, lawyers, tax consultants & moreJune 3 - June 6 - Discounts publicly available, 4 days only100% free registration & property seminars$200 Fully refundable reservation fee during the final 4 days to reserve the discounted priceTom O’Sullivan, CEO of Realestate.com.kh said “We ran the online event last year for just 4 hours, which generated sales beyond our expectation, however, we still had over 1000 property seekers on the event website when we closed it down last time, so we knew this time we had to run it for longer”Over the first two weeks of marketing Realestate.com.kh registered over 500 people to the event from both local property seekers and international investors that are all looking for a great deal, and to take advantage of what is otherwise a difficult time to generate wealth, conduct business and travel.“We have over 500 registrations already, so running the event over 4 days would be successful, but the consistent feedback from registrations was that due to it now being even harder to visit showrooms and move around the country - buyers really wanted more time to register their interest for projects and be given more time to speak to agents & developers, arrange online property tours and understand the property as much as they possibly could (online) before making a buying decision.Although there was a restriction in movement in 2020 when we ran the first online event - buyers were still able to visit showrooms freely to complete their purchase and make down payments, after they had made the reservation fee online. By allowing property seekers a chance to register their interest for a month leading up to the 4 days ” O’Sullivan went on to say.The event now runs for a total of one month from the 6th of May to the 6th of June, giving potential buyers and investors more time to connect with agents/developers and understand the property more before they make a buying decision. This also gives agents and developers more of an opportunity to sell property online during what is otherwise a difficult time to sell property and profit during COVID-19 restrictions.

This week the CEO of Realestate.com.kh Tom O'Sullivan will be sitting down with Mr. Anthony Galliano, the Group CEO of Cambodian Investment Management Holding to discuss the impact of the lockdown on the Economy and dive into its ramifications for the Real Estate market.CLICK HERE TO REGISTER TO ATTEND THE WEBINAR The webinar will start on Wednesday, April 28th, 2021 @ 2pm GMT+7. In keeping with lockdown measures, the interview will be conducted via Zoom and will be streamed on Realestate.com.kh’s Facebook page.Realestate.com.kh is continuously working to provide local property seekers and international investors with the tools and information in relation to the Cambodia property market.If you missed last week's webinar (Covid updates & important information for the real estate sector in Cambodia) with the President of the CVEA Mr. Chek Soknim you can watch it here.

CVEA President Chrek Soknim gave us insights into the real estate market’s response to the lockdown measures imposed in Phnom Penh. This article is a summary of the interview, which you can view in full-length on Realestate.com.kh’s Facebook page.On the eve of Khmer New Year celebrations (14th of April), the Cambodian Government implemented strict lockdown measures in Phnom Penh and Takhmao to prevent the spread of COVID-19. This is on top of the previously mandated 8pm to 5am curfew implemented throughout Phnom Penh. Many businesses, particularly in the real estate sector are wondering: “What happens now?”Cambodian Valuers and Estate Agents Association (CVEA) President Chrek Soknim joined Realestate.com.kh CEO Tom O’Sullivan in a discussion about navigating the current landscape as well as a discussion on any possible reforms to allow agents and the industry to continue business during this period.“Everyone is experiencing a measure of challenge in light of the lockdown” said Mr. Soknim. “This certainly affects the Cambodian property market, especially in Phnom Penh. But this has not deterred our efforts to continue doing business with the help of technology”.He highlighted the importance of recognizing the danger posed by COVID-19, following government-mandated health measures, and finding ways to continue doing business despite current circumstances.The elephant in the room was the question of whether or not properties were still moving in the market, and Mr. Chrek clarified that deals are still being closed. “Deals are still being facilitated even during the lockdown” he said.Properties for sale have noticeably slowed down but are still receiving inquiries from interested buyers. Mr. Chrek observed that developments have an easier time closing deals during this period as opposed to existing homes. If you are interested in knowing more about all the new developments for sale in Cambodia, check them out here on Realestate.com.khGenerally “property buyers have all the information they need online and I think they will revisit the property market once the lockdowns are alleviated. After all, the nature of doing business in real estate is being able to see the property first-hand” he said. Mr. Chrek Soknim emphasized that providing information via online means has been crucial in capturing and keeping interest despite restrictions.Mr. Chrek considers the overall current situation as far from being a crisis. “The market is still strong as the interest is there. It’s just a matter of being able to visit the properties so buyers can make the right decision for themselves,” he said. On the contrary, he sees the current situation as an opportunity for property agents to learn additional skills while they stay put at home. “There are plenty of online resources that teach negotiation, sales, and marketing skills,” citing that he himself is subscribed to an online course teaching management and negotiation skills. “This is a good time for real estate agents to expand their skills so they have something more to offer for when the market eventually bounces back”View in full-length webinar on Realestate.com.kh’s Facebook page.Article by:

CBRE Cambodia Managing Director James Hodge sat down with Realestate.com.kh and walked us through how he got started, CBRE’s history, and the mix of opportunities and challenges facing the Kingdom’s property sector.They say it takes a village to raise a child, but what if you are raising something bigger?Cambodia’s property market has been a rising star in South East Asia’s real estate investment circles. It has come a long way from not having any kind of property ownership to a flurry of projects being announced and opened every year. And its fast-paced growth is largely thanks to the mix of skill sets in Cambodia that built up its property market into what it is today.“A broad background and understanding of marketing, law, sales, and negotiation, are needed to deliver results for clients,” said James Hodge, CBRE Cambodia’s new Managing Director. “It’s this mix of skill sets and constant need to adapt that has kept me fascinated and motivated about real estate”.James first found interest in real estate when he was 15 years old. His interest in the industry was nurtured by relatives who worked in real estate giving him an insight into how things worked early on. He eventually went to study commercial real estate development and investment at the University of Reading in pursuit of a career in the industry, particularly with commercial properties.In 2016, after 7 years of working in a commercial real estate company in the United Kingdom, James saw the opportunity in a new frontier market in South East Asia.“Believe it or not, I had no market in between the UK and Cambodia,” James recalls of his move from one side of the world to the other. “I saw the potential with CBRE Cambodia and I jumped at the opportunity to lead its Research, Consulting, and Valuation services team. It set me up really well, giving me a good grounding in the dynamics of the Cambodian market”CBRE Cambodia has been the foremost property consultancy firm in the Kingdom’s real estate development for over a decade. Since its establishment in 2008, CBRE has assisted many entrepreneurs and investors through an array of services covering property consulting & management, sales & leasing, property valuation, and other professional services.While CBRE officially landed in Cambodia in 2008, the consultancy firm started its initial operations by brokering land plots and providing consulting services out of Thailand in 1994. However, economic observers, especially those within CBRE, saw the massive potential for growth in Cambodia.“It was David Simister, heading CBRE Thailand at that time, who together with James Pitchen, also from our Thai office, Richard Leech and Marc Townsend, both from CBRE Vietnam, kick-started CBRE in Cambodia,” said James when asked about the collaborative effort it took to start CBRE Cambodia.Today, James Hodge serves as CBRE Cambodia’s Managing Director leading a new team to continue what CBRE has done best in the past decade. “Much credit goes to Sothida Ann, who has put in a lot of work growing CBRE Cambodia’s small operation into something that now leads many fields,” he said. “The structures, strategies, and insights she was able to deliver have been invaluable in helping CBRE grow.”CBRE’s new management teamCBRE Cambodia’s new management is a team of veterans that has been working together for quite some time complemented by new faces bringing fresh ideas to enrich CBRE’s endeavours in the Kingdom.(From left to right)Ben Nesbitt, Associate Director, part of the professional services team that provides location-specific advice to CBRE’s business clients. Ben has a background in investment in the United Kingdom. He runs CBRE’s valuation team and provides strategic investment advice.David Pen, Residential Sales & Leasing Director, one of the new additions to the CBRE team. David leads CBRE’s residential team to drive strategic growth and bring new opportunities for CBRE’s residential clients.Mithona Chuop, Shared Services Director, ensures the smooth operation of CBRE Cambodia’s complex, diverse platform. Mithona’s background includes business performance analysis and product development. He has a passion for staff development and drives CBRE’s learning and performance platform with the aim of optimising service delivery for clients. Ludovic Hautin, Advisory & Transaction Services Manager, joined from CBRE France and is involved in overseeing the brokerage of office and industrial transactions. Ludovic came through the CBRE network and progressed up the rungs to lead CBRE Cambodia’s Advisory & Transactions team.James Hodge, Managing Director, CBRE Cambodia’s new head, James has a strong background in commercial properties complemented by working his way up through the commercial and professional teams at CBRE as he rose through the ranks. James Hodge now leads a team of seasoned property professionals into Cambodia’s expanding markets.Casandra Gally, MarComms Manager, has a background in marketing and communication. She leads the busy events calendar that CBRE Cambodia is well known for and has a passion for helping the right people connect through the company’s public relations endeavours. Carol Qu, Property Management Consulting Manager. Carol has an extensive background in business development and marketing, as well as a keen appetite for real estate. Kinkesa Kim, Research & Consulting Manager, has a strong background in market research and the provision of valuable consulting advice developed from years working within the Kingdom’s growing market. She and her team work with the valuations team to provide clients with insights and advice on the Cambodian market.Shivali Chaman, Head of Property Management, a real estate professional with experience of working for large multinationals in India. She manages portfolios of corporate and residential real estate assets for CBRE’s clients and offers substantial experience in property management.From cultivating talents internally to tapping veterans from the global property industry, CBRE Cambodia has formed a team of leaders and experts in their respective fields.CBRE and the future of Cambodia’s property market“The Cambodian market is poised for change and CBRE is ready to meet the requirements,” James said. CBRE Cambodia, in light of recent events, is continuously developing its range of services to provide better depth in terms of services and strategies it delivers to its clients.James observes that the speed of growth and development in the Cambodian real estate market means it is increasingly complex. He explained that to navigate it successfully new investors and developers have to do something different.“It helps to have the support of an adviser who has the breadth and depth of skill sets and knowledge to show how to do things, where to go, and what the trends are.” James elaborated, “CBRE will continue to position itself in that space”The corporate office space market, for example, is a sector that is yet to go through a big transition, according to James. Flexible working has not yet caught on in Cambodia, and if the developed markets are anything to go by, it may allude to changes the sector is yet to see in the next wave of growth - something that will not happen until economic activity rebounds.On the other hand, the residential sector is much more developed. James observed that its rapid development still leaves room for new technologies to allow developers to differentiate their portfolios from one another. Some key examples are residential offerings in Vietnam, Singapore, and Thailand, markets where developers have had to carve out a niche for themselves more so than in Cambodia to date.James adds that landlords in many sectors are under pressure to innovate and invest in new ways of doing things. And while that may be difficult, these trying times are historically catalysts for change and it may well initiate investments that pay off when the market bounces back.Previous economic downturns have been historically followed by leaps in technology, activity, and overall growth for economies, including real estate. CBRE Cambodia, despite the challenges the Kingdom is currently facing, is poised to deliver excellent outcomes to its clients and guide them to when Cambodia’s market surges once again.Article by:

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

Phnom Penh may see a slowdown in property market activity as inter-district travel becomes more restricted. SuppliedThe Cambodian property sector is facing a new round of challenges with the introduction of stricter lockdown measures last Khmer New Year. This time, however, Phnom Penh is at the center of the new quarantine measures leading many businesses, particularly real estate agencies & developers to adapt once again.CBRE Cambodia, a leading real estate consultancy firm, released its Q1 2021 Market Report before the Khmer New Year. According to their latest assessment, the condominium sales market saw respite from the few consecutive quarters with the high-end seeing an uplift of 4.8%, the affordable market seeing an uptick of 3.5%, while the mid-range saw a slight downward movement of 0.4%.The uptick in average sale prices in Q1 2021, particularly in the high-end, is an interesting trend as it is in contrast with how the property market reacted to the comparatively less severe November 28 incident. Though it is worth noting that Cambodia started 2021 with high hopes; such as the positive economic forecast from the National Bank of Cambodia (NBC) sometime back in January 2021.The CBRE report additionally noted only 12 out of the 19 expected condominium completions were delivered from the 2020 pipeline. The delays in construction can largely be attributed to supply chain disruptions across the globe.In terms of rental rates, CBRE’s report observed a positive movement over the first quarter of 2021. The high-end saw an increase of 1.3% and the mid-range saw a 1.7 increase. The affordable market, however, boasted 3.5% quarter-on-quarter growth likely caused by the market’s shift towards the segment.CBRE’s report notes that while these are positive signs, there is still a long way to go to make up for the decreases in both sale and rental prices witnessed over the course of 2020. As a comparison, the high-end rental rate at the end of the relatively well-performing Q1 2021 is still 9.4% below its value from Q1 2020.The property market’s recovery is directly tied with the confidence of buyers to go out and spend. While it is still early to determine how much the lockdown will affect condominium sales and rental trends further into 2021, we can expect the market to slow down due to intercity travel restrictions and the added red tape required to travel between areas.

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

Borey Nadi is a brand new borey development in Chroy Changvar district with a unique take on modern community living. Supplied.Cambodia’s continuing struggle with its latest COVID-19 wave is keeping most people indoors, and with more people indoors, the fewer people there are in showrooms. But the preference for land, and the homes that come on top of it, remain a top choice for many Cambodian buyers.According to Realestate.com.kh’s upcoming Real Estate Survey 2021, around 66% of its more than 2,000 respondents chose Phnom Penh as their choice of location. Top districts in the capital for landed property are somewhat tied between Sen Sok at 22% and Chroy Changvar at 21%.Sen Sok is known for its vast flatlands with increasing infrastructure that support both residential and commercial developments. It also does not hurt that the biggest mall in the city, AEON Mall Sen Sok, is located in the district. Realestate.com.kh previously reported that Sen Sok is one of the districts with the lowest median sale prices for property in Phnom Penh.The peninsular district of Chroy Changvar itself is seeing continuous interest from both borey and condominium developers. What Chroy Changvar lacks in its commercial appeal, it certainly makes up for in its natural beauty and suburban living that has become popular among property seekers. This combination has attracted many interesting developments such as Borey Nadi. This borey is a new development in Chroy Changvar that boasts a modern take on community living with its aesthetics and even has cherry blossom trees within its premises, just to name a few of its features.Interestingly enough, the survey also gathered that Cambodian respondents maintain a strong preference for land and landed properties when it comes to property choices. Around 45% chose land as the property they are most likely to buy. Landed properties such as shophouses and villas trail at 22% and 16%, respectively.Apartment units come in last of residential properties at 13% among surveyed Cambodian buyers. The remaining 4% is split among commercial and industrial property choices. However, foreign buyers who participated in the survey overwhelmingly chose apartments as their primary choice - unsurprising as foreigners cannot hold landed properties in the country.A majority of Cambodians are still interested in buying property while a third are choosing to save money for future purchases/investments. The severity of the Feb-20 event continues to streak across the country leading to a significant amount of respondents interested in a new home indicating that they are unsure of when would they will be buying.Despite slowdowns in property market activity, infrastructure projects by the government have not ceased. It is a given that infrastructure, particularly in transportation, are generational developments that would take years if not decades for its return on investment. Authorities pursuing these long-term plans during an economic lull help maintain the future potential of many landed properties in and around Phnom Penh.Article by:

PHNOM PENH, 27 March 2021 –  GCC today announced the launch of Nadi Care for Borey Nadi’s residents. This exciting program is an exclusive service specially curated for residents in Borey Nadi. The Nadi Care program is launched in conjunction with the 5-year anniversary establishment of GCC in Cambodia.“This program is first-of-a-kind in Cambodia. GCC is always a caring developer who believes in crafting the best ever service for the buyers. We recognize that buying a new home represents an important investment and so a great deal of care and workmanship has gone into this development and the establishment of this community. We want to make sure that your home along with the community and recreational facilities are designed to meet your needs and your family members. Nadi Care is a program specially curated to ensure all houses can enjoy effortless luxury living in the community. From a private shuttle to AEON Mall to organising a wedding party at Crystal Hall, the team at Nadi will make sure that nothing is a trouble when the house owners are with us.  We want to make sure that the residents need not worry as their parents and kids can take our private shuttle to AEON mall or any other places safely and comfortably,” said Eric Chong, Chief Executive Officer of GC City and GC Empire.   He added that all buyers of Borey Nadi will automatically become privileged members of Nadi Care as they can enjoy all Nadi Care services and also preferential rates at selected GCC’s subsidiary outlets.  There are a total of 12 services to be associated with Nadi Care which includes basic services such as Private Shuttle Service, 24 Hours Security System, 24 Hours Emergency Medical Support, and ala carte services with 24 Hours Emergency Maintenance Service, Residential Moving Coordination, Housekeeping Service, Personal Trainer, Laundry Service, Car Owner Care, Car Rental & Taxi Service, Event Coordination and Residence Provisioning.“We are passionate about our first Borey development in Cambodia, and we want to make it the best in the market. Borey Nadi is strategically located at Chroy Changvar area, surrounded by various completed and under-construction landmark development such as Morodok Techo National Stadium, Phnom Penh Safari, Win-Win Monument, Dinosaurs Alive, Garden City Golf Club, future Royal University of Phnom Penh campus, Chroy Changvar Satellite City and so on.  With the launch of Nadi Care, we are now one step closer to realizing our vision to bring inspired living to the market and to our esteem buyers. We are building a company that is synonymous with properties that offer world-class quality, innovation, and sustainable and caring value.” Internationally renowned property management consultant Keystone Properties and Bun & Associates are two existing partners for Borey Nadi. Today with the launch of Nadi Care, the level of services provided by Borey Nadi will be further enhanced with the offering of quality and liveability that Cambodia has yet to see.  “GCC has been detailed looking into many contexts so that Borey Nadi can express the vision we imagine for this development.  We are willing to spend extra effort and money to make the Nadi care successful.   Smart buyers will definitely value our effort.  We are delighted to receive a lot of positive feedback and compliments since we opened for sales.   We will launch more exciting projects to our portfolio by this year, for instance, the GC Orussey Market, a local wholesale market that will be a future hotspot and attraction for locals and tourists. We hope you are as excited as us to welcome these projects”, added Eric Chong. At the conference, Eric presented information on Nadi Care whilst also walking through the audience Nadi Care Mobile App.  He also shared about the latest Khmer New Year promotion which Borey Nadi buyers who place booking from 27 March to 30 April will be entitled to local or overseas travel packages to Song Saa Island or Japan. During the Khmer New Year promotion, Borey Nadi also provides a special and convenient payment option for clients to own their dream house at Borey Nadi at an installment as low as USD600 per month.About GCCGolden Cambodia Century (GCC) is an investment holding company from Hong Kong specializing in real estate development, land investment, and financial services (trust and fund management). GCC aims to be a 360 ° full-scale service property developer in Cambodia. Currently, there are 7 subsidiary companies under GCC, which consist of GC City GC Land, GC Empire, GC Realty, GC Design, GC Management, and GC Credit. Current projects of GCC include Borey NADI by GC City, CEO Wyndham Residence, GC Orussey Market, GC Residence at Chroy Changva, and Ream City at Sihanoukville.

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:

Phnom Penh – March, 16th, 2021 – It’s not just a new year - 2021 seems to be a milestone in many ways, especially with vaccines being made available around the world and change sweeping across various economies and institutions. In Cambodia, the distribution of vaccines indicates a possible end to the pandemic that has been plaguing the economy since 2020 and with it, we expect an overall resurgence within the Real Estate markets.2021 marks a further inflection point for the property markets, which is set to witness further substantial growth in supply during the next 12 months. Over the longer term, CBRE Cambodia currently tracks 279 major projects under-construction in Phnom Penh alone. Whilst COVID-19 has slowed project starts, the existing construction pipeline presents a significant challenge to the real estate industry in resourcing the operations of these buildings.The real estate industry is changing to meet the altered dynamics and to cater to developer’s need to differentiate their project, and to create solutions for efficient operations and care of the project over the long term. With increased pressure on balance sheets and the need to professionalise services, developers and tenants are focusing on their core businesses and desire to be released from the burden of day-to-day operations of a building. Hence, the demand for property management and related outsource services is at an all-time high.The COVID-19 pandemic has brought even greater pressure for building operations, who are on the front-line of the pandemic. The pandemic means more cleaning, tighter security, regular sanitizing of the property, and increased control of visitors and administrative procedures, all whilst balancing the demand to tighten belts and control costs.These surges in demand create challenges for the sector, especially the limited supply of trained manpower and resources needed to run the property management operations professionally, consistently, and at a reasonable cost. Property Management teams are responding by increasing training and finding efficiencies in order to free up resources.As the supply of property continues to grow at pace, the complexity and aspirations of the projects are also growing. Developers are diversifying their projects through the use of new technologies and use mixes, which in turn require a different approach to achieve operational success. These changing demands are opening opportunities for professionals from different backgrounds including IT, hospitality, and accounting, and creating a deeper and more progressive industry that offers a superb scope of growth and development.This kind of growth spurt in Cambodia also brings possible opportunities for the development of a broader service industry, including mechanical and engineering, housekeeping, security, and pest control to but name a few.CBRE Cambodia’s Head of Property Management, Shivali Chaman, comments “We really see a rapid change in the requirements of property management. Developers and investors are increasingly aware of the impact that quality property management services can have on tenant retention and in maintaining their project’s P&L. Our research indicate that tenants think the human side of their building’s management is the most important reason they would choose to stay within a property.”Shivali says that property management is now more about ensuring that toilets are clean and the security guard is awake. “Of course, no property manager can forget the basics, but increasingly the services needed relate to operating complex building management systems and PropTech solutions or creating bespoke customer service processes that offer a hotel level experience. Ultimately, the goal is to help investors achieve optimal asset and portfolio management - turning scale into strength, expense into performance, and property into prosperity. Constant investment in developing human resource capacity is critical to ensuring that better service is provided to clients in The Kingdom.”About CBRE Group, Inc.CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, Texas is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction, and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

New COVID-19 patients being transferred to the Great Duke Hotel in Phnom Penh. Photo by KT/Chor Sokunthea.The COVID-19 cases in Cambodia continue to rise stemming from the February 20 Community Incident. As of writing, the country has recorded 819 cases associated with the recent community infection, bringing the total confirmed cases to over 1,300. This new round of infections is causing another market scare keeping most consumers indoors.While previous community incidents such as the November 28 incident and the diplomatic visit did cause disruptions, the recent February 20 community incident is, by far, the most extensive transmission event in the Kingdom’s struggle with COVID-19.Google’s Mobile Tracker suggests that the number of users staying at home - marked at 15% above baseline - since February 20 is comparable to the number of people staying at home over the weeks following the November 28 incident. The difference between the two, however, is the extent of transmission from each event.The November 28 incident was followed by mostly single-digit cases daily (adding 41 cases) until it was brought under control by authorities around a month after. On the other hand, the February 20 incident has consistently been followed by double-digit cases daily, causing confirmed causes to balloon from 484 to over 1,300 in a span of 4 weeks. As of posting, authorities are still conducting mass tracing of newly discovered cases.The incident is a reminder that any projection of recovery is dangerously susceptible to new mass transmissions and the difference in severity between the two is understandably causing the market to slow for a relatively much longer time. Realestate.com.kh, the leading real estate classifieds portal in Cambodia, reports that 77% of property buyers surveyed said online channels like Realestate.com.kh, Facebook, and Google have helped them the most in looking for properties during COVID-19.The information comes from the popular real estate website’s data collection for the annual Cambodia Real Estate Survey initially launched on February 19. Realestate.com.kh notes that the 2,000-respondent survey should give readers the general sentiment of Cambodian property seekers and may serve as a market gauge for property sellers and buyers alike.“Cambodia’s February 20 Community outbreak is unexpected to both property seekers and developers,” said Shengwei Zhao, COO of FazWaz Cambodia. “From my observation, most local buyers take this seriously as they canceled their scheduled showroom visits and face-to-face consultations. They put off their plans to invest in properties until the situation is under control”.Cambodia’s property developers have learned their lesson from previous incidents. Shengwei shares that “I think developers are more or less used to the situation already. As a response to the February 20 incident, some developers have temporarily closed their showroom, let their staff work from home for their safety, and accelerated their online marketing efforts”.This disruption, however, still presents an opportunity for the keenest buyers. “Some investors have been looking for under-market-price deals since last year. If they see a project that meets their expectation, they still choose to make that purchase. After all, the strategy is to "buy low and sell high" once the market bounces back” said Shengwei.Despite reservations from most developers and buyers to resume market activity, there is still a significant portion of property buyers looking for good deals on the market. Around 68% of respondents indicated that they think it is a better time to buy a property. Though when asked about the timeframe in which they would make their purchase, most respondents indicated they would be looking to buy between 6 to 12 months from now.Article by:

The tourism industry has shifted its attention towards the domestic market and will likely do so in the short-term within 2021. Supplied.The past half decade’s influx of international tourists has been the main source of growth for hotels and the highlight of the wider tourism industry in Cambodia. The outbreak of COVID-19, however, severed that lifeline and left the tourism industry in dire straits for much of 2020.Knight Frank’s recently released report, “Cambodia Real Estate Highlights H2 2020”, shows a struggling hotel sector but not one robbed of progress nor hope for recovery. The virtual standstill of international travel has put a greater emphasis on the role played by domestic tourists in keeping tourism going in Cambodia.Knight Frank’s report projects that hoteliers will continue to focus on domestic tourism over the short-term to offset the reduced number of international tourist arrivals - a demographic that has been cut by as much as 95% in the second half of 2020 compared to the same period in 2019. Knight Frank observed that operators have been focusing on attracting more domestic tourists by offering special packages for both short-term and long-term stays with heavily discounted rates of up to 60%.In an August 2020 article by the Khmer Times, hotel operators observed a 90% occupancy rate from reservations made for the upcoming Khmer New Year. The long holiday celebration usually observed in April of every year was postponed due to the height of COVID-19 fears at that time. Given the public events and gatherings associated with the holiday, the government moved the yearly holiday from April 2020 to August 2020.The interest from domestic tourists, both locals and foreign residents in Cambodia, was not a one-off event either. In a later October 2020 report by the Khmer Times, over 1.1 million tourists were recorded to have traveled around the Kingdom during the 3-day Pchum Ben festival in September 2020. The article explains that the reported tourist figure was made up of 99% Cambodians and less than 1% foreign nationals residing in the country.Hoteliers and government officials have been working together to mitigate the economic impact of COVID-19. Photo by K/T Khem Sovannara.The Cambodia Hotel Association recently launched a campaign to revive Siem Reap’s economy called #AngkorLikeNeverBefore. The campaign is a collective effort of hotel operators to reinvigorate the temple town by reintroducing its world-famous temples as an “ethereal experience” given the absence of large tourist crowds, allowing today’s visitors to have the temples for themselves.The national government has also stepped in to help the tourism industry, particularly in Siem Reap. Knight Frank reports that the government is working hand-in-hand with the National Bank of Cambodia in its launch of a series of monetary and fiscal policies to assist tourism stakeholders including tax exemptions and increased liquidity for affected businesses/hoteliers.Cambodia’s hotel sector outlook, however, remains bleak within the context of COVID-19 international travel. Knight Frank’s report projects international tourist arrivals will remain subdued with the 14-day quarantine period still imposing, placing continued pressure on occupancy rates, Average Daily Rate (ADR), and Revenue Per Available Room (RevPAR).Despite the continuing difficulties the sector faces, the source of relief the wider tourism industry needs are shared with the Cambodian property sector: Attracting and meeting the needs of the domestic market.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