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:

Chamkarmon and Boeung Keng Kang were the most popular districts for property searches in 2020. Supplied.Phnom Penh’s property boom has been a visible phenomenon for the past decade. The growth of the local middle-class and the surge of foreign property investors became a major driving force for developers to build bigger and better properties. The outbreak of COVID-19, however, drastically changed the market and shifted it into a local buyer-focused environment.Realestate.com.kh, the largest real estate classified portal in Cambodia, reports that apartment/condominiums were 43% of its total property searches made over 2020. This is followed by landed houses at 36%, land properties at 13%, and commercial properties at 7%. The popular real estate website previously reported it received over 2 million visitors over the course of 2020.Daun PenhDaun Penh is home to many of Phnom Penh’s premium real estate properties. Supplied.Property searches in Daun Penh are broken down to 68% condominiums, 17% landed houses, 12% commercial properties, and 2% land properties.Daun Penh serves as Phnom Penh’s de facto central business district. The area is arguably the most developed district in the capital as it is where important government buildings, iconic monuments, and high-end residential & commercial buildings are located. Daun Penh is also the hub of major roads that span across Phnom Penh.Given Daun Penh’s location and function, most of the district is already developed hence its low land property search volume; it is the district with one of the highest price per square metre in both residential and commercial properties. Landed houses (mostly flat houses) are still plenty in Daun Penh though they may cost as much as a modern-style apartment in another part of the city.ChamkarmonChamkarmon’s charm stems from the modern projects in the area sitting side-by-side with mom-and-pop shops. Supplied.Property searches in Chamkarmon are broken down to 65% condominiums, 19% landed houses, 8% land properties, and 8% commercial properties.This data of Chamkarmon includes property searches in the Boeung Keng Kang (BKK) district. The Chamkarmon district (including BKK) is the south/southeastern district bordering Daun Penh. It’s home to a significant number of landed houses as well as new developments that sprung up in the wake of Phnom Penh’s property boom.Condominium/serviced apartments can be found throughout Chamkarmon, especially in the BKK areas. These properties are well-known among locals and expatriates alike due to the surrounding urban conveniences as well as modern amenities located within these residences. Many of these projects adjusted their prices and promotions over the past year to fit the preferences of Cambodian property hunters and investors.Landed properties, such as shophouses, still cover a significant portion of Chamkarmon’s property portfolio and are considerably popular among Cambodians. The district is home to many small-to-medium enterprises that help maintain its status as a consumer hub for many Phnom Penh residents despite the looming threat of COVID-19.Toul KorkToul Kork is strategically located between the city’s most developed and fast-developing districts. Supplied.Property searches in Toul Kork are broken down to 44% condominiums, 36% landed houses, 10% land properties, and 9% commercial properties.Toul Kork is arguably the second most popular residential area in Phnom Penh after Chamkarmon. The area has seen a huge amount of development in the recent decade and has attracted a mix of businesses, commercial, residential tenants, and home-owners. The area is well known for a large number of villas and an increasingly growing number of purpose-built shopping centres.Toul Kork has a closer gap between the condominium and landed house searches as the district’s stock of flat houses, shophouses, and villas remain a popular choice for local buyers. Both condominium and landed house properties, however, mainly benefit from Toul Kork’s state of urban development, its position being close to the CBD, and having a convenient road network to other developing areas in Phnom Penh.Sen SokSen Sok properties are popular due to their modern design and quality without the high asking price from other parts of the city. Supplied.Property searches in Sen Sok are broken down to 45% landed houses, 29% condominiums, 18% land properties, and 7% commercial properties.Sen Sok is one of the city’s latest property development frontiers. Just like neighbouring Toul Kork, many residents are looking to Sen Sok to find more affordable land and property. The area was mostly residential and industrial until recently when there have been high-profile commercial projects that have kicked activity into high gear, chief examples being the AEON Mall Sen Sok and Makro Cambodia.Landed houses are the most popular in Sen Sok given the number of shophouses, flat houses, villas, and the amount of land still being developed in the district. There are more landed homes in Sen Sok, including villas, that are offered below 1 million USD compared to shophouses and villas in Daun Penh with asking prices easily reaching a few million. Similarly, Sen Sok’s property boom has opened its doors to condominium developers building affordable and mid-range properties, further adding to the district’s already attractive property portfolio in the coming years. Article by:

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:

Phillip Bank and BRED Bank have partnered with Realestate.com.kh to make it easy for property seekers to calculate home loans right as they browse listings. Supplied.Realestate.com.kh, the largest real estate classifieds portal in Cambodia, has launched a suite of tools for property seekers, with a user-friendly and transparent way to navigate around home loans. Property seekers that are searching for their new home will now be able to use a Home Loan Calculator that can be found on every property listed for sale on the website and apply for a loan directly from the calculator on Realestate.com.kh.  Separately, property seekers can also visit Homeloan.com.kh and step through a series of qualifying questions that helps match a property seeker to the right bank that fits their requirements. The leading real estate website has partnered with Phillip Bank and BRED Bank to launch the home loan tools on the platform.Phillip Bank is part of PhillipCapital, a Singapore-based financial group founded in 1975. The bank was established in Cambodia back in 2009 and has since made its financial products available to Cambodians throughout its 89 branches (as of 2020) in the country.BRED Bank officially opened its services in Cambodia in 2017. It is owned and operated by the BRED Banque Populaire, France’s 2nd biggest banking conglomerate. BRED Bank has been proactive in expanding its reach across Cambodia and even more so in its interest in the local property market.The CEO of Realestate.com.kh, Tom O’Sullivan said “This is a natural step for Realestate.com.kh, as more often than not when someone is looking to buy a property, they often require a home loan. Furthermore, there are over 40 banks in Cambodia so it can be hard for a property seeker to navigate the home loan landscape and work out which are the most trusted banks, and most importantly what bank offers the right product that suits that particular person. We have launched these two products and will continue to build out our home loan services and tools in 2021” Cambodia’s property market has been expanding for the past decade. But no single platform has offered a means for Cambodian property seekers an easy way to find home loans and calculate potential mortgage repayments. Realestate.com.kh has implemented its Home Loan Calculator for every property for sale and becomes the first digital platform in the country that allows property users to calculate home loan plans right as they browse listings.The Home Loan Calculator includes easy-to-use value sliders that let buyers adjust the different factors that determine financing schemes, namely: Property Price, Deposit Amount, Interest Rate, and Loan Terms denominated in years."A home loan from BRED Bank Cambodia means our customers not only enjoy the excitement of moving to a wonderful new place to live, but they also benefit from Cambodia’s most affordable home loan rates and the excellent standards in customer service provided by our team at BRED Bank Cambodia," said Guillaume Perdon, CEO of BRED Bank Cambodia.“The current property market remains competitive and it follows that we offer a similar way for buyers to purchase property easily,” said Phillip Bank Cambodia. “Our 90% home loan program is the first step in achieving our goal of helping Cambodian property seekers buy their dream home this year”

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:

On 6th and 7th February, Le Condé BKK1 is very privileged to be the first real estate company to host a property exhibition in AEON I, one of the most popular shopping malls in Phnom Penh.Le Condé BKK1 is a popular project in Phnom Penh with outstanding sales records amidst a tough economic environment due to COVID-19. Its sales record has shown that it is a project that well received by the market.The property expo proudly presents that Le Condé BKK1 is built to fulfill the local customer’s satisfaction and needs; 84% of Le Condé owners are local Cambodians.All these achieved results indicate the developer’s thoughtful consideration of the actual needs of the local market for future development in residential property.Situated in the highly popular location of “BKK1 district” the heart of Phnom Penh Capital – well known as a highly urban residential area in the capital, surrounded by the 4 main boulevards, 29 embassies, 50+ NGOs, and 36 international banks. It's equally known as the culinary hub with all big café brands, various restaurants, boutiques, and fashion stores at all levels. International franchise and luxury brands also dot the areaBKK1.To build this new landmark in the heart of the capital, Le Conde's developers carefully studied the housing trends of Phnom Penh residents with countless discussions and studies.Le Condé BKK1 offers priceless value for a comfortable and luxurious lifestyle.With great location – BKK1The first smart community in CambodiaRevolutionary amenities:Boutique reading spaceSky jogging trackChildren’s Play Paradise (800sqm)Immersive Sky Garden (1000sqm) Rooftop Sky Bar and Infinity PoolProperty Management – Japanese Standard – HOPETREEMulti-Awarded Project by PropertyGuruIn Sep 2020, Le Condé BKK1 was nominated in all Best Serviced Apartment category awards by PropertyGuru Cambodia Property Awards:Winner: The Best Serviced Apartment Interior DesignHighly Commended: Best Serviced Apartment DevelopmentHighly Commended: Best Serviced Apartment Architectural DesignSince entering Cambodia market, Le Condé BKK1 has been admired by many people, agents locally and internationally, especially our project is accepted well recognition from royal families of Cambodia and we are very honored to have HRH Princess Norodom Soriya to be our Royal Brand Ambassador.

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:

Sen Sok is home to a portfolio of residential projects geared towards Cambodian buyers. Supplied.January’s chill appears to have permeated the month’s condominium property market. According to Realestate.com.kh, some of Phnom Penh’s districts saw another round of downward price adjustments. Though some districts saw an uptick, prices are still below what they were a year ago.Key highlights of condominium sale price trends in Phnom PenhSen Sok offers the lowest median sale price for condominium units in Phnom Penh as of January 2021Sen Sok condominiums saw a downward trend of 20% resulting in a median sale price of $95,000Chamkarmon and Boueng Keng Kang condominiums showed a slight uptick of 5% resulting in a median sale price of $158,000Daun Penh condominiums slid further down by 8% resulting in a median sale price of $120,000Slow activity at the start of the year due to recent COVID-19 scares and preparation for the Chinese New Year in February.Prices displayed on Market Trends are median sale 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 in Phnom Penh page for the price of specific projects they may be interested in.With the onset of COVID-19, property developers have been moving their focus away from foreign buyers and instead have turned their attention towards the local market. Sen Sok’s condominium market reflects this shift as a flurry of new developments are mostly offering projects with adjusted payment plans and an overall more attractive asking price for local buyers.Some condominium projects of note in Sen Sok are the Phnom Penh Galaxy Garden and Ratana Plaza Top Apartment. Both projects are offering modern-style residential units comparable to high-class developments without the cost associated with luxury properties through FazWaz Cambodia.Pressures from COVID-19 open the way for local buyers to consider property in Daun Penh. Supplied.The central business district of Daun Penh is similarly seeing its median condominium sale prices face downward pressures. The district is home to many high-class developments geared towards the local elite and the now-trickling international buyer base that dominated the market prior to 2020. As travel restrictions due to COVID-19 persist, Daun Penh condominiums may not see pre-pandemic prices for quite some time.Chamkarmon and Boueng Keng Kang (BKK) districts, on the other hand, saw a small uptick of 5% in median sale prices. These two districts topped Realestate.com.kh’s most searched districts for property throughout 2020. Both have been a popular choice among Cambodians and expatriates alike as they are home to a mix of affordable-to-high-class residential property choices complemented by a range of urban conveniences easily found on almost every street corner. Given the prevailing popularity of these districts, properties in these areas may likely see some movement but not on the same level as they were before COVID-19.Recent COVID-19 scares in late 2020, along with preparations for the Chinese New Year in February, are playing a part in the new year’s relatively slow start. Real estate experts agree that though 2021 will be an uplift from 2020’s slump, it will not be the breakthrough year for the larger property market - an indicator that Phnom Penh’s property market is still a buyer’s market.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:

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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:

TK Avenue is a popular shopping destination for its shops and ease of access in Toul Kork district. Supplied.Phnom Penh’s retail market grows as the compact and urban area of Toul Kork is expecting 4 additional shopping destinations by 2021, according to a recent report by The Mall Company (TMC).According to TMC’s report, modern retail properties in Toul Kork are concentrated in the more densely populated north communes namely, Boeng Kak 1 and Boeng Kak 2. The report details that there are 4 modern retail properties operating in these areas with 1 community mall, 2 retail podiums, and 1 shopping mall under development. Toul Kork currently houses 15,292 sqm or 4% of total retail spaces in Phnom Penh. This is expected to swell to 78,753 sqm or 21% of the city’s retail space should all recorded projects meet their 2021 deadline but it should be noted these 2021 figures include data for Phnom Penh Mega Mall where a 2021 launch date has not been confirmed.Toul Kork was put on Phnom Penh’s retail map with TK Avenue and Samai Square. These existing retail spaces are relatively small compared to other larger retail destinations in Phnom Penh as they focus on community mall formats with street frontage and convenient parking/access, according to TMC’s report.The Mall Company’s report suggests that future developments similar to TK Avenue or Big Tree Mall would be popular if there are conveniences such as adequate parking, visibility, convenience, customer flow, and popular tenant mixes able to attract returning retail foot traffic.According to Google’s Mobility Report, Phnom Penh’s retail foot traffic went as low as 40% below baseline in the days following the November 28 incident. Google’s report now shows foot traffic gradually returning to pre-incident levels of just 14% below baseline.Google’s Mobility Report showed a spike in outdoor visits during New Year’s Eve measured at 66% above baseline, the highest since the long Bon Oum Tok holiday back in October. Given Phnom Penh’s residents’ behavior, the city’s consumers, including its shoppers, are eager to visit retail and entertainment destinations once the threat of COVID-19 is under control.Article by:

Chroy Changvar district is home to many modern property developments in Phnom Penh. Supplied.The year 2020 has been a tumultuous year for Phnom Penh’s property market. The city’s rental market, in particular, faced challenges with the dwindling number of tourists and expatriate renters compared to previous years. And while the market itself is gaining its footing amid COVID-19, it is yet to see the same level of activity prior to the pandemic.Key highlights of Phnom Penh rental market update:Phnom Penh rental market saw downward pressure from the recent COVID-19 cases5 Phnom Penh districts see up to 11% lower median rental prices by year-end 2020Sen Sok district offers the lowest residential median rental price as of December 2020Prices displayed on Market Trends are median rental 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 rent in Phnom Penh page for the specific rates of projects they may be interested in.The new round of scares stemming from the November 28 incident put additional pressure on Phnom Penh’s property market. Rental prices recorded in December 2020 logged 5 districts seeing as much as 11% lower median prices.Chroy Changvar and Chbar Ampov saw double-digit changes of 11% and 10%, respectively. As of December 2020, the median rental price in Chroy Changvar is recorded at $600 while Chbar Ampov median rental price is recorded at $675.Median rental prices for Por Sen Chey, 7 Makara, and Sen Sok, similarly saw downward pressures. The Por Sen Chey district faced a 9% decrease in median rental price down to $600 while the more central district of 7 Makara only saw a 7% decrease, resulting in a median rental price of $650.Sen Sok district, an area primed for urban development, experienced a downward pressure of 8% with its median rental price recorded at $550. It is worth noting Sen Sok opened in 2020 with a median rental price of around $1,000. Prices in this district saw significant adjustments as COVID-19 persisted alongside the announcement of new affordable projects in the area.Sen Sok offers the lowest median rental price for condominiums in Phnom Penh as of December 2020.Phnom Penh’s property market is still under pressure from comparatively lower market activity. The November 28 incident, while officially contained, serves as a reminder that without a working vaccine, any prospect of recovery is still susceptible to disruptions. Fortunately, stakeholders in Phnom Penh’s property market have learned to observe basic quarantine measures required to curb further infections until a cure becomes available.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!