When must-see places in Phnom Penh are talked about, Chroy Changvar is definitely one of the up-and-coming out there. The capital city’s remarkable growth can be seen through the rise of skyscrapers in the city and the parallel outward expansion of more shophouses, condos, and retail malls. Chroy Changvar, a peninsula occupying the western and northwestern parts of Phnom Penh, separated by the Tonle Sap river from mainland Phnom Penh, is one of the districts receiving the most attention from both buyers and developers - for good reason.The rising living standards in Phnom Penh has transformed the taste of local buyers and encouraged the willingness to spend from international investors. The key to this development is the opportunity presented by the development of Chroy Changvar as Phnom Penh’s next business and residential destination. The Peninsula Private Residences, a high-end development in the district, is one of its residential landmarks catering to a wide range of buyers looking to live in Cambodia’s next-generation business and entertainment hub. As with any residence, the crowning jewel of the Peninsula is its luxurious units complemented by amenities that take advantage of both modern comforts and Chroy Changvar’s natural offerings.The Peninsula Private Residences has 161 residential properties consisting of studio, 1-bedroom, 2-bedroom, and 3-bedroom units. Unit sizes range from 60sqm with studio units up to 237sqm on 3-bedroom units. Every unit has a balcony where residents can enjoy Phnom Penh’s cool morning breeze. Potential buyers will also be delighted to know that units come fully-furnished so the only thing they need to do is settle in!The developer of The Peninsula, CC Peninsula Co., made it a point to have residents enjoy the natural feeling Chroy Changvar affords its inhabitants. Residents can enjoy themselves with 11 recreational amenities including a gym/fitness centre, sauna, garden, and swimming pool, to name a few. Building parking facilities are also available for any driver’s peace of mind.The Peninsula is scheduled to hand over its units by the end of 2020. Around 60% of units have reportedly already been sold and are continuously receiving inquiries for currently available ones. Price per square metre starts at  $2,200, putting it as one of the premium developments in Phnom Penh.Fortunately, The Peninsula Private Residences is part of the Black Friday Property Sales event!Industry Leaders: A discussion with the director of The Peninsula Private ResidenceThe Peninsula Private Residences will be offering its premium development at the best prices possible during the Black Friday Property Sales!Thomas O’Sullivan, CEO of Realestate.com.kh, recently interviewed Kam Chin Seng, Director of The Peninsula Private Residence about current market conditions due to COVID-19, the motivation behind the Peninsula’s location, and opportunities the Black Friday Property Sales offers to developers.According to Mr. Kam Chin Seng, while the adage “location, location, location” matters a lot, setting up development like that of the Peninsula seeks to go beyond that. Chroy Changvar enjoys much of the cool breeze present throughout the day during the colder months in the city - emphasizing on the everyday living experience of residents. Aside from this natural feature, he further cites the fast modernization of Daun Penh especially around the Vattanac Tower, Hong Kong Land developments, NagaWorld, and Independence Monument area, all of which are easily accessible via the Cambodia-China Friendship bridge.The opening of the Cambodia-Japan Friendship was a great boost to Chroy Changar’s potential. Thomas O’Sullivan, mentioned that before the bridge opened, a large portion of the market, though interested in buying a property in the district, were apprehensive to do so until the bridge finally opened. And as if overnight, according to Thomas, people suddenly realized that Chroy Changvar isn’t so far away from the Central Business District of Daun Penh.Other major developments in Chroy Changvar also include the new National Stadium, which is expected to hold 6,000 people is currently being developed, while the National Exhibition Hall, a big project by OCIC, is expected to open by the end of 2020, according to Mr. Kam Chin Seng. The government itself is investing in Chroy Changvar as the vital General Tax Department is also moving to the district.According to Mr. Kam Chin Seng, the Peninsula and its units were built to offer a more interesting layout, with more space, and price it reasonably to meet market demands. He adds that the natural feeling within Chroy Changvar greatly improves the quality of everyday life in the Peninsula.And it appears that the market agrees with the Peninsula’s offerings. During the interview, Mr. Sin Cheng confirms that around 60% of their units have already been sold and will be handed over to buyers by the end of 2020. When asked about the impact of COVID-19 on their project completion, he does concede that it has affected the delivery of materials, but has not significantly hindered the project as a whole.The COVID-19 global pandemic has certainly hit industries across the board. The robust real estate industry of Cambodia saw slowdowns due to shifting interests and the slowdown of material delivery, especially for the booming construction sector. According to Mr. Chin Seng, they felt the impact mostly during March and April, giving them the motivation to pursue online marketing with more vigor, and more importantly, shift their focus away from sales and instead put that energy into taking care of their current client base.Communicating with buyers, talking to them about the current situation in relation to their purchase, and the safeguards they’re taking, are important steps they’ve undergone during the height of the pandemic fears in Cambodia, says Mr. Chin Seng.Mr. Chin Seng entered the Peninsula Private Residences into the Black Friday Property Sales as he believes it’s a way to bridge the gap between buyers and developers during this pandemic. He cites that developers want to get past this situation as soon as possible, while at the same time, there are clients who are willing to take a bit more risk in purchasing property. On the developers’ side, he says that they want to move on from this by getting the best deal, not simply to make a sale, but to reward the risk appetite of clients - something Mr. Chin Seng believes to be a great deal for everyone in the property market.The Black Friday Property Sale is an online expo creating an environment where direct and indirect players in Cambodia’s real estate industry can meet to provide the best value for all stakeholders during this economic slowdown. As Thomas said in the interview, it’s not just the homebuyers, real estate developers, agencies, and portals like Realestate.com.kh who participate in the larger industry. Banks and other financial institutions also contribute to the growth of the Kingdom’s larger real estate economy.“The movement to the online space was bound to happen, COVID-19 or not”, said Mr. Chin Seng. He considers the Black Friday Property Sale is both a tool to market better to potential clients and a sign of how the industry needs to shift towards the online space sooner rather than later.“This new technology will continue after COVID”, said Mr. Chin Seng.If you are a developer and want more information about this event please contact:Nin Kang+855 78 637 323+855 93 552 305nin.kang@realestate.com.khSoun Sumey+855 77 241 285mey.soun@realestate.com.khIf you are a real estate agency, media platform, bank or related business and want to join as an affiliate please contact:Chen Huyhong+855 98 526 671cheng.huyhong@realestate.com.khTrixia General+855 17 870 064trixia.general@realestate.com.khAlexander Sing+855 15 583420+61 434 644 957 (WhatsApp)Alex.sing@realestate.com.khSun Rattanak+855 17 884 161rattanak.sun@realestate.com.khArticle by:

Economic recovery is possible but will likely be gradual without an effective vaccine in production. Supplied.Given Cambodia’s relative control over COVID-19, it can be expected that the Kingdom’s real estate sector would see fast recovery once the pandemic-induced crisis subsides.Over the past few months, Cambodian real estate agencies and developers have indicated the beginning of a downward trend in terms of prices due to fears caused by the pandemic. Home buying activity has slowed down and several developers have limited or suspended their operations in preparation for slow industry activity and to prevent any of their properties from becoming vectors for the virus.But once global fears subside and health authorities, especially in Cambodia, establish increased healthcare protocols, it can be expected that the real estate sector would see a gradual increase in activity.The scale as to how COVID-19 has affected the global economy is somewhat similar to that of the 2008 Financial Crisis. Not in terms of prices, but in terms of jeopardizing the general feeling of security homebuyers and other property investors require to close deals.The first signs/stage of economic recovery can be derived from a sense of confidence in how healthcare authorities have control over the situation; be it curbing new infections, recovery speed, adequacy of healthcare provisions, and especially, limiting the death toll. However, any recovery or upticks of activity stemming from this stage is not sustainable.While Cambodia certainly has a grasp on its COVID-19 situation, the government is still advising the population to observe basic hygiene and social distancing measures as the country is still susceptible to a second-wave of infections.A sustainable economic recovery, leading to that of pre-COVID-19 levels, can only be seen through the announcement of a commercially viable vaccine. Highly-industrialized countries, and their governments, have fast-tracked the development of these vaccines. However, vaccines require a lot of time through research and testing in order to determine its efficacy.Vaccine development is reported to take around 18 months to develop. Until that time, COVID-19 will remain a highly infectious disease. Sharp increases in economic activity on a macro-scale can be expected once a working vaccine is in mass production. And we would once again see an increase in real estate transactions and, naturally, prices.A silver-lining during the crisisThe crisis presents a unique and rare opportunity to purchase property at lower-than-market prices for savvy buyers out there. Though they may find it hard to examine properties they’re interested in due to developers limiting and even suspending their showroom operations.Given that there is no official announcement of a working vaccine yet, real estate prices are expected to see a continued downward trend.Realestate.com.kh, Cambodia’s biggest real estate portal, has recently announced an event called the Black Friday Property Sales. Inspired by the massive discounts during the Black Friday events in Western countries, the online real estate portal company has organized the first of its kind in Cambodia. While it won’t feature typical consumer goods, it will feature property developments in the Kingdom at the best prices possible.Borey VIP is the premier borey developer in Sihanoukville and will be offering big discounts on their development during the Black Friday Property Sale. Supplied.Happening on June 12, 2020 from 4pm to 8pm GMT+7, the Black Friday Property Sale will feature a collection of developments throughout the Kingdom in a single online event. Homebuyers can secure big discounts on premiere developments during the event. Interested homebuyers may pre-register for the event on this website.If you are a developer and want more information about this event please contact:Nin Kang+855 78 637 323+855 93 552 305nin.kang@realestate.com.khSoun Sumey+855 77 241 285mey.soun@realestate.com.khIf you are a real estate agency, media platform, bank or related business and want to join as an affiliate please contact:Chen Huyhong+855 98 526 671cheng.huyhong@realestate.com.khTrixia General+855 17 870 064trixia.general@realestate.com.khAlexander Sing+855 15 583420+61 434 644 957 (WhatsApp)Alex.sing@realestate.com.khSun Rattanak+855 17 884 161rattanak.sun@realestate.com.khArticle by:

As any city grows, higher standards of living require bigger homes - especially in the increasingly growing metro like Phnom Penh. Large-sized apartments in modern developments within the city, fortunately, have become more advanced and wide-spread.Unlike mediocre apartments, large-sized units are more spacious and offer bigger canvases for personal decoration and design. These large apartments are comparable to villas, but unlike villas, their prime location above the city's skyline makes them a great residence and investment option.Envisioning Phnom Penh's skyline dotted by towers isn't difficult. Soon, the city would be on par with other regional metro cities that bid any tourist or businessman to stay and explore more of it. One development that towers other developments in luxury and prestige is soon rising: The Sky Villa.The Sky Villa puts a great deal of focus on providing a sense of great artistic style. Its architect, C.Y. Lee, one of the designers of the famous Taipei 101, Kaohsiung 85 Sky Tower, and Chung Tai Chan Monastery, has lent his skill and talent in molding The Sky Villa into the next iconic landmark in the heart of Phnom Penh.Given the talent and skill behind it, Sky Villa sets a new bar for luxury residential architecture. It is the pinnacle of luxury living in Phnom Penh and sets itself apart from other developments with its extraordinary offerings.A part of Sky Villa is dedicated to featuring an ample outdoor area embraced by rich greenery and clusters of flowers. Residents have the freedom to decorate and energize their home with a natural feel, regardless of the hustle-and-bustle of the city outside. Sky Villa definitely offers the best of both worlds for its residents.The Sky Villa sits along the Poland Republic Boulevard within the capital’s busy 7 Makara District, with Cambodia’s National Olympic Stadium to its South. The traffic convenience means BKK, considered to be one of the commercial go-to places in Phnom Penh, is just a short drive away! The Sky Villa is also close to a number of foreign agencies, embassies, banks, and other multinational companies headquartered nearby. Olympia Mall, however, would be the primary shopping mall for residents as it is just around the corner. Other malls such as AEON Mall 1, Russian Market, and Central Market, are all reasonably close by and offer great alternatives to days when residents feel like going somewhere else.Of course, city life offers more than fun and games. Families, especially, want a great place for their kids to live, learn, and grow. A range of good schools are scattered all throughout Phnom Penh and most of them are located well-within 7 Makara. Sky Villa is a dream home for both individuals and families looking for every need and want within reach.The 35-storey Sky Villa twin towers are the latest addition to Phnom Penh's top-of-the-line residences. Its prestige as the city's most luxurious development earns it the landmark name of "Pearl of Asia". Sky Villa's magnificent grand lobby stands 10 meters high and is bathed in natural light. Adjacent to the grand lobby is the banquet & ballroom on the mezzanine, ideal for special occasions requiring a grand celebration or the quiet luxury for more private gatherings. Whatever it may be, the Sky Villa can host a wide range of events.From the ground floor to the 34th floor, a world of color is introduced. A spectacular sky-high view of the city indulges residents with the beauty of a developed cityscape. The 34th floor also houses the in-house pool surrounded by greeneries. The exclusive lounge, the Sky Villa Club, located on the top-most floor, is the crown jewel of this luxury residence. It offers a variety of top-class amenities including a fitness centre, sauna & spa, and a range of gourmet restaurants. The Sky Villa Club also services private catering and a reading area to nourish both your body and soul.Sky Villa is developed and managed by MCC. MCC’s management has a strong reputation with an impressive portfolio throughout Singapore. The Sky Villa’s in-house services make it a genuine extension of a luxury lifestyle as its staff can assist you in making everyday life much easier. These include organizing transport, housekeeping & laundry, grocery shopping, secretarial services, events planning, and many more. Its 24/7 concierge can help give you inside knowledge of the surrounding area; granting you a more vibrant experience of Phnom Penh’s many facets of business and entertainment. A four-storey underground car park and around-the-clock surveillance of CCTV give you the peace of mind you deserve.The Sky Villa offers a total of 256 units for sale. The units range from 270 to 509 sqm of living space, making them the biggest condos in Cambodia. These units were specifically designed for both personal and multi-generation living, and their luxurious leisure allows everyone to find a corner of the Sky Villa they can call their own.Perhaps a super-sized home in Phnom Penh has never occurred to you, however, the Sky Villa is offering you a very pleasant and affordable price for this extremely fineness and luxury residence, which averagely equals to one or several tenths of that in Singapore, Malaysia, Thailand, or China.The Sky Villa is a joint-venture between GreatView Investment Pte Ltd., and MCC Land Singapore, both companies being Singapore-based companies focused on real estate development and engineering. MCC Land (Singapore) Pte Ltd (hereinafter referred to as the "company"), a subsidiary of a Chinese corporation listed in Hong Kong and Shanghai, is a developer and engineering services provider in Singapore. Ranking in the global top 500, the company has promoted the development of Singapore and got involved in building many landmark properties, including the Universal studio at Sentosa resort, the Keppel Distripark industrial zone and the HDB BTO project.Recently, The company has developed and managed a number of premium properties ranging from condos to private apartments, such as the Alps Residences, Queens Peak, The Canopy, The Nautical, Canberra Residences, Forestville, The Poiz Residences & Centre, The Santorini, and more. MCC Land (Singapore) looks forward to introducing more Singapore's productivity and profession into Cambodia's rapidly modernizing and urbanizing of housing.The Sky Villa will soon be handed over to early buyers. By then, it will become the new landmark development in Phnom Penh known as "Pearl of Asia". Ever dreamed of owning an apartment the size of villa for an affordable price? Sky Villa offers both price and luxury, just waiting for you.Realestate.com.kh is proud to bring the first Black Friday Property Sale to the Cambodian real estate market. Register now to secure the never-before-seen big discount from projects across Cambodia. If you are a developer and want more information about this event please contact:Nin Kang+855 78 637 323+855 93 552 305nin.kang@realestate.com.khSoun Sumey+855 77 241 285mey.soun@realestate.com.khIf you are a real estate agency, media platform, bank or related business and want to join as an affiliate please contact:Chen Huyhong+855 98 526 671cheng.huyhong@realestate.com.khSun Rattanak+855 17 884 161rattanak.sun@realestate.com.kh

The unprecedented COVID-19 outbreak has essentially paralyzed the world economy since early 2020. Not only does it threaten lives, but also the livelihoods of millions, if not billions of people. The big challenges posed by the outbreak have strained industries and businesses far and beyond. While a number of companies have weathered and are starting to adapt, an untold number of others have been left in ruins.Despite the months of struggle that has certainly hurt, leading enterprises have begun adapting to the proverbial “new normal”. The process of achieving success - in this new environment - has presented a brand new set of rewards. And the Kingdom of Cambodia, while relatively small in scale, is adapting to the new economic realities.The savvy property hunters in Cambodia believe that this is the high time to catch a deal in Phnom Penh’s real estate market. The high-end of the market, most especially, has adjusted accordingly as the usual high-spending international buyers have stymied since travel restrictions were imposed.The Wealth Mansion, a project that started in June 2019, is one such project that has felt the pinch caused by the COVID-19 related quarantines. However, the developer belongs to the business who is starting to weather and thrive; going so far as to finish part of the project as scheduled.The Wealth Mansion’s construction team quickly adopted protective measures to ensure the continuous and smooth progress of the project - all without sacrificing quality control. The Wealth Mansion is currently progressing as planned with floors starting to rise. In these uncertain times, early buyers will be happy to know that their investment is progressing as promised.Located in the east bank of Chroy Changvar, the Wealth Mansion occupies a scenic view of the winding Tonle Sap and Mekong Rivers. It will stand 45-storeys tall with a height of 166 metres standing in a well-connected traffic network with multiple transport alternatives such as ferry and the planned city railway, according to its developer, Everhealth International Investment Development Co. Ltd.Key venues such as the new Municipal Hall and the Southeast Asian Games will be located in Chroy Changvar - both of which are only 2 kilometres away from the administrative and banking hub of the city. Major Cambodian cultural landmarks such as the Royal Palace and the Independence Monument are also just a short drive away.Ecological conservation meets elegant interiorsThe design of the Wealth Mansion integrates elements unique to the Chroy Changvar peninsula, such as the pleasant ambiance and the well-preserved ecology. The Wealth Mansion, set to be an innovative architecture with melded benefits of investment and residence, is designed by Rixing Design, the same designer of national pavilions of the World Expo.Accordingly, Wealth Mansion's architects made good use of natural ventilation and lighting with layouts consisting of a verdant facade, water features, central gardens on each floor, and open corridors. The Wealth Mansion is a comfortable dwelling on minimum energy consumption, thanks to the creation of an independent three-dimensional ecology.Wealth Mansion's smart floor plan enables every resident to have a unique life experience for its reasonable layout, aesthetic design, and practical functions. The two-bedroom apartment units' design focuses on bedrooms, kitchens, and balconies. The master bedroom comes with an en-suite bathroom. Residents can enjoy a more delicate family living atmosphere.Each apartment is fully furnished with modern equipment, appliances, IoT, and other fixtures especially the soft lighting that makes moving in a lot easier.Feature no.2: prime location for hospitality attracts two leading operators2ONYX Group, Thailand-based firm, has signed a contract with the developer of the project to operate its five-star apartment hotel, the first one in the district.ONYX Group is a leading company in hotel management with 50 years of business experience across the Asia-Pacific region with its core enterprise in the hospitality industry focusing on world-class efficiency and oriental etiquette.It is a good example of excellent international operations and professional ethics. In its property management sector, it values transparency and consistently works to develop strategic partnerships with owners. It focuses on the needs and concerns of the property owners as a business driving force and path to success. In addition, ONYX's Shama will operate hotel serviced apartments at the Wealth Mansion.Shama, who has advanced in serviced apartment management, is one of the leading internationally renowned brands that brings unlimited lifestyle to its customers and partners, with businesses in the Asia Pacific region, including Hong Kong, Shanghai, Guangzhou, Hangzhou, Chengdu, Daqing, Bangkok, Thailand, Melbourne, Australia, and Malaysia.Its achievements have been proven by a number of rewards such as the best-serviced apartment operator in Asia of Asia Hotel Awards 2012-2018, the best-serviced apartment operator of High Flyers Award 2017-2018 by Hong Kong Business, and the best luxury serviced apartments in China of the 10th World Luxury Hotel Awards 2016, to name a few.ONYX offers a wide portfolio of hospitality brands, including the market-leading Amari brand of hotels and resorts, Shama serviced apartments, and the mid-scale OZO hotels, design-oriented hotels YOO Collection and Yoo2, and Breeze Spa. With offices in major pan-Asian cities such as Bangkok, Shanghai, and Melbourne, it provides innovative management solutions across the Asia Pacific.Feature no.3:  top-tier facilities give you much more relishYou will not find a lack of luxurious experiences thanks to comprehensive services and plentiful first-class facilities provided by Wealth Mansion. There is a massive parking area with 830 parking spaces designed for convenient driving in and out.  Apart from a super comfortable lounge room at the lobby, a 400-sqm state-of-art fitness centre, 1,000-sqm swimming pool, stylish spa centre, restaurant/cafe, conference room/multi-function hall and more, will certainly give some highlights and a touch of lavishness to one's day-to-day life.  The property operator's dedicated engagement in 24-hour security, concierge service, and home cleaning service, all make your stay easy and peaceful.The Wealth Mansion is the confident debut of Everhealth International Investment Development Co., Ltd., to engage in real estate in Phnom Penh with its business philosophy of “to standardize, to maximize, to innovate, to lead”. The contractor is the state-owned enterprise, China Construction Third Bureau, which is dedicated to smooth delivery of the project by technical capabilities and quality control.The average sales price of apartments is $2,200/sqm. It is set to be handed over by the end of 2021. The developer provides a 2-year guarantee of a rental return and hotel-property operations carried out by Shama.

Looking for a home is a lot easier and definitely more affordable now than ever.And Realestate.com.kh’s Black Friday Property Sale is where you can find the top developments in Cambodia at the best possible prices. These are the first of many other top developers from across the Kingdom that have signed on and you’re an exclusive preview of your possible dream home!1 Chhne Dara Chan Chhne Dara Chan is the first large-scale property development on sale located in the central area of the Stardream Coast in Koh Kong. Its developer, Union City Development, designed Chhne Dara Chan after a holiday lifestyle and will become an icon of Southeast Asian community living consisting of low-density private real estate, hotel & resort, international commercial complexes, and leisure establishments surrounded by lush greeneries - almost sounds like a paradise, doesn’t it?Chhne Dara Chan is set to finish construction in 2021 just in time to ride Cambodia’s increasing appeal as a tourist destination. Investors interested in the property are given a 7% Guaranteed Rental Return by the developer.2 Baoli MansionBaoli Mansion is an iconic development located at the center of Phnom Penh. Its developer, Baoli (Cambodia) Real Estate Co., Ltd., is a major Chinese developer rolling luxury, comfort, and beauty into one development. Its home features are complemented by many of the city’s offerings perfect for families and young professionals looking to be at the heart of everything - an opportunity that makes Baoli Mansion an enviable place to be.Baoli Mansion has luxury units with spaces up to 55sqm. It’s also a one-stop-shop for all paperwork required by tenants and investors alike - the latter of which can get a 15% Guaranteed Rental Return!3 Phnom Penh Galaxy GardenThe Phnom Penh Galaxy Garden is a modern-inspired development located in the Sen Sok district. Developed by Jingdi Group, Phnom Penh Galaxy Garden focuses on amenities and facilities designed to transform your lifestyle into an even more comfortable one - with up to 48sqm units available! Sen Sok is a newly developed area ideal for families, businessmen, and even young professionals looking to live all the city has to offer.The Phnom Penh Galaxy Garden is expected to finish by 2023 and its developer guarantees a rental return of 6% to investors.4 Vue AstonVue Aston is a high-rise residential project in Chbar Ampov district with a great view of the mighty Mekong River. While away from the city center, it does still offer the same comforts without the hustle-and-bustle associated with the booming capital city. Vue Aston offers a variety of units in different sizes that could meet the requirements of people from all walks of life. They are complemented by facilities meant to complement your style of living.Vue Aston is a peaceful area surrounded by cafes, shops, banks, and enviable vistas afforded to those lucky enough to get a deal here! Vue Aston offers great value for money you should definitely check out.5 Garden OneGarden One is the premiere eco-focused development within the expanding concrete jungle of Phnom Penh. Cool breezes with lush greenies surround residents of Garden One and provide them with a sense of relaxation so treasured by many city-dwellers. Amazingly, it’s able to maintain this serenity even by being located in Toul Kork! A known busy district with no lack of commercial and entertainment options.Garden One is expected to be completed in 2022 with its developer, JianZhong YuTong Co.,Ltd, offering investors a 6% guaranteed rental return.6 Wealth MansionStores of wealth have become a recently important topic these past few months. And if you’re looking to protect yours, property in Wealth Mansion offers shelter for both you, your family, and their future. Wealth Mansion, as a residential property, offers a simple approach to modern living by making good use of sprawling spaces of up to 139sqm for a single unit. Amenities and facilities are elegantly designed yet very practical in everyday use.Wealth Mansion offers savvy investors a guaranteed rental return of 6% over 3 years. Garden One will soon be handed over to buyers in December 2021.7 Romdoul CityRomdoul City is a multi-tower condominium development in Sen Sok right along the Russian Federation Boulevard. Its developer, Romdoul Development, designed the project with families in mind as it is surrounded by markets, schools, hospitals, and shopping centers. Luxury living is well within reach in Sen Sok, all without breaking the bank.Romdoul City’s units are flexible when it comes to the needs of its buyers and are provided with basic equipment that can accommodate various lifestyles and family sizes.8 Leshen the Lord GardenRapid developments in Sihanoukville have made it a hotspot for new and savvy investors in South East Asia. Leshen the Lord Garden, developed by Leshenwe Real Estate Development, is a new residential project consisting of boreys and low-rise apartments - signifying Cambodia’s growing property market. It is surrounded by schools and markets, with the added bonus of being near Cambodia’s premier beachfront!Leshen the Lord Garden is set to be completed by 2020, further adding to Sihanoukville’s increasingly impressive collection of residential and commercial investment opportunities.9 Urban VillageAffordability and luxury, two words you wouldn’t see in one sentence. But Urban Village, co-developed by Urban Living Solutions and Goldfame Group, has brought this new brand to Phnom Penh’s vast residential market. It is located in Meanchey district, towards the south of the capital city’s center. Its in-house comforts are complemented by the many establishments that surround it such as the AEON Mall, Sofitel, and of course, the modern conveniences of being close to a CBD.Urban Village has begun its handover operations but there are still units with sizes up to 148sqm. Families and young professionals, looking to establish a good life are bound to see success in Urban Village.10 Bodaiju ResidencesThe Bodaiju Residence is the first and biggest Japanese residential development in Cambodia. Located in Por Sen Chey district, it is close to many of Phnom Penh’s top schools and is surrounded by many dining and shopping options - a combination ideal for many families and would-be ones! Bodaiju was completed in 2018 and was designed by a team of Japanese and French architects.Family comforts and amenities can be found all throughout the property. And with Cambodia’s continued growth, Por Sen Chey is set to be one of the upcoming residential picks of both local and foreign buyers.11 One ParkOne Park is a residential development located within the Daun Penh, the de facto Central Business District of Phnom Penh. One Park was developed by Graticity Real Estate Development Co.,Ltd. One Park is a large residential community enclosed by a 33,000-sqm green zone with garden-style residences with an accompanying commercial area. This development puts emphasis on natural beauty and open spaces.One Park, considering its location, would meet the needs of anyone looking to move-in with everything they need right at their doorstep. One Park was finished in 2019 and its property management offers an expected rental return to 10%.12 Borey VIPBorey VIP is among the many modern housing projects in Khan Dangkao, a fast-developing area in the suburbs of Phnom Penh. The best and the most interesting things about Borey VIP is its ideal location, reasonable rates, and generous payment terms that make it accessible and affordable to people across different markets.Borey VIP is ideal for families as it is close to banks, schools, restaurants, cafes, recreation/sports facilities, and entertainment centers, and is only 20 minutes away from Phnom Penh City Center.13 The Peninsula Private ResidencesThe 25-storey Peninsula Private Residences is located in Chroy Changvar, a fast-developing district of Phnom Penh. The Peninsula Private Residences has 161 residential units each with a balcony, with studio to 3 bedrooms, sizes ranging up to spacious 237 sqm. These modern-style units are beautifully designed and built, fully-furnished with internationally-branded furniture and appliances. The Peninsula Residences complements these comforts with great views of the city, a fully-equipped gym, rooftop pool, and so much more. All of these combined put The Peninsula on top of the residential choice in the up-and-coming district of Chroy Changvar.14 Parc 21 ResidenceParc 21 Residence is located in the cosmopolitan district of Chamkarmon. Parc 21 offers a range of compact to spacious units, perfect for individuals and families looking for good value while being close to everything Phnom Penh has to offer such as banks, retail shops, cafes, restaurants, and even shopping malls. Additionally, Parc 21 complements their mid-priced units with a gym and even an infinity pool. Parc 21 is definitely one of the top-choices when it comes to accessibility and comfort without breaking the bank.15 The ParkwayThe Parkway is one of the latest developments in Phnom Penh and should be on your shortlist. The Parkway is located in the highly urbanized district of Toul Kork while giving residents a home that satisfies the luxurious comfort they deserve. The Parkway is also conveniently at the mid-point of many commercial landmarks such as TK Avenue and AEON Mall 2. International schools, hospitals, and other retail outlets also dot the immediate surrounding of The Parkway. These city staples are easily accessible by the same roads that lead to other parts of the city. If simple elegance with a great location are your priorities, then definitely check out The Parkway!16 The SkylineThe Skyline is an iconic development in the 7 Makara district offering freehold property ownership. It is a mixed-use development that combines luxury and practicality for residents looking to simplify their lives. Units of the Skyline are carefully designed to provide the utmost comfort of urban living. Living at the Skyline also gives residents the enviable opportunity to get to anywhere in the city; from tourist attractions such as Wat Phnom and Riverside, to more business-oriented locations such as the CBD of Daun Penh and BKK1. The Skyline makes itself a great home for both locals and foreigners looking to live at the very heart of the Phnom Penh.17 The Sky Park The Sky Park is a luxury condominium project sitting on a total area of 5,600 sqm of a prime site. The Sky Park is the first high-rise development in Siem Reap city, a famous Cambodian town known for being home to the world’s biggest religious site, Angkor Wat​. The Sky Park is the only project from Siem Reap province to join the country’s first Black Friday Property Sale and there will be a huge discount offered during this limited-time sale.While enjoying the country’s ancient city vibe, residents at the Sky Park can also indulge themselves with a new lifestyle and a new housing option that has never been available before that comes with modern amenities and services.The Sky Park is situated in a great location close to shopping malls, restaurants, bars, marts, and more. For instance, It takes only five minutes to go to the city’s biggest mall, Heritage Walk Shopping Center and 10 minutes from Siem Reap International Airport. All the units at the Sky Park range from 55 to 121 sqm and come fully-furnished with high-quality products and equipment.18 The Hexa Condo The Hexa Condo is a 31-storey condominium project in Russey Keo developed by SJS Construction & Development, a Taiwan-based developer. Its location in Russey Keo puts it just north of Daun Penh CBD while being an arm's length away from largely commercialized suburbs like that of Sen Sok and Toul Kork. High-quality yet affordable, the Hexa's residential units provide Phnom Penh's property hunters a rare opportunity to acquire luxury properties with 5-star amenities such as rooftop bars and pools, at the best prices possible. And with the Hexa joining Black Friday Property Sale, the prices on these top-tier developments are getting even better!19 La Vista One  La Vista One stands at 41-stories in the up-and-coming Chroy Changvar district, an area with grand developments in both residential and commercial offerings. La Vista One, much like its name, offers a spectacular view of both the Mekong River and Tonle Sap River, the two major bodies of water passing through Phnom Penh. La Vista One is one of the few residential developments with comforts truly blessed by nature's touch.20 Prince International Plaza Prince International Plaza is an upcoming landmark development along the famed Russian Federation Boulevard. It integrates residential, business, shopping, and entertainment options into one mixed-use development. Residents will be living in a city of their own with residential, office, and other commercial towers right at their doorstep. The wider Phnom Penh is also accessible to Prince International Plaza's convenient position within the city's busiest areas. The Prince International Plaza is set to open this year, and this is your chance to gain residence here at the best price possible!21 Udong 70Out of all developers on this list, none have yet to offer the very basics of real estate: bare plots of land. Udong 70 joins the Black Friday Property Sale to offer property hunters the opportunity to own land plots - with an exclusive discount! Cambodia’s growing appeal as the next investment destination has led to developments springing up left and right. Udong 70’s portfolio during the Black Friday Property sale could be the big break investment gold mine you need!22 The Premier Land Sen SokThe Premier Land Sen Sok is a borey developer bringing their wide selection of landed property to the Black Friday Property Sale! The Sen Sok district is known for its wide range of current generation residential options, namely, The Premier Land. This borey is well-known for its enviable proximity to the renowned AEON Mall 2, the biggest mall in Cambodia as of date. While it’s close to a prominent shopping center, The Premier Land Sen Sok also boasts its own array of commercial establishments well within its property. And given its illustrious retail and entertainment options, it's worth saying its residential options are no slouch as well! This borey features multi-bedroom shophouses of up to 6 bedrooms and bathrooms!Its location is definitely a prized area which only sees its price increase every year. However, a good number of properties here would be getting a big discount, exclusively for the Black Friday Property Sale.23 Borey Sambath Meanheng IIIBorey developments have come a long way in terms of modern aesthetics and interior design. Borey Sambath Meanheng III, located in Sangkat Niroth, is a great example of the many leaps and bounds landed property developers in Cambodia have put into their current portfolio of properties; wide living spaces, clean facades for both residential and commercial units, and a secure gated commune with a great sense of community are hallmarks of this borey’s primary offerings. And with the Black Friday Property Sale around the corner, Borey Sambath Meanheng III is offering its units up for the biggest discounts the Cambodian real estate market is going to see in a long time!24 Borey Bakong VillageSiem Reap is more than just a tourist destination, it has also become a prime destination for new borey developments. The city’s growth has spurred a change in residential preferences, and Borey Bakong Village has created a suburban haven for the next generation of Siem Reap’s residents. Contemporary design, sleek aesthetics, and a minimalist approach that defines modern-day living are this development’s highlights. Fortunately, the Black Friday Property Sale is just around the corner - where you can get a big discount on shophouses and villas from Borey Bakong Village.25 The Boulevard by Natha ResidenceThe Boulevard by Natha Residence is a borey development soon opening right along National Road 2 close to Hun Sen Boulevard. While boreys have certainly formed an identity to be gated communities, The Boulevard by Natha Residence takes it a step further by constructing a commune similar to the feeling of a small town; complete with beautiful shophouses and plenty of amenities that make the Cambodian suburban life all the more comfortable. Find yourself a new home - with a big discount - in The Boulevard by Natha Residence during the Black Friday Property Sale.26 Borey Ly SovannBorey Ly Sovann is a community development in Chbar Ampov that features linked houses/shophouses. The Chbar Ampov district itself has seen significant improvements and has become a contender as a destination for borey properties in the market. A number of schools, markets, restaurants, and entertainment venues dot the surroundings of Borey Ly Sovann, with more amenities to be built as the district’s potential flourishes. Borey Ly Sovann is definitely a contender in the Black Friday Property Sale as its incredibly reasonable price is getting even better!27 Mekong View Tower 6Mekong View Tower 6 is a luxury condo and serviced apartment located in Chroy Changvar, providing spectacular views of the Tonle Sap, and Bassac Rivers. Equipped with high-end amenities and facilities, starting from the top roof bar and lounge, pool, and club, to a business center and a restaurant with banqueting and catering facilities. The accommodation is unrivaled, every spacious apartment having a wide range of creature comforts such as cable tv, broadband internet, and Wi-Fi facilities. You can get a great deal on this luxury condo during the Black Friday Property Sale.28 Premium Group Flat HousesReasonably priced homes are getting easier to come by almost every year. And with Black Friday Property Sale, great value properties are even getting better! The Premium Group Flat Houses are one such development that delivers good home quality at a good price. Spacious and practical, flat houses in its portfolio are ideal for small families who want to enjoy the perks of modern residential comforts without breaking the bank.29 Borey KS ResidenceBorey KS Residence is a development located southeast of Phnom Penh within the Kandal province. It focuses on constructing beautiful shophouses and linked villas to meet the high demand for these types of properties. A total of 200 units will be available, spreading across a sprawling area of 34,097 sqm. Commercial areas such as restaurants, bars, convenience stores, and coffee shops surround the area, giving residents plenty of space to enjoy themselves with, regardless of whether they’re families or living by themselves. Borey KS Residence is definitely worth checking if a serene life outside the city limits is what you’re looking for!This is just a taste of the many developers who have signed up for the upcoming Black Friday Property Sale. Realestate.com.kh will be revealing more developers in the weeks leading up to the event itself in June.Realestate.com.kh created the Black Friday Property Sale to give property buyers, especially Cambodians, a chance to buy their dream home at more affordable prices. This is a once-in-a-decade opportunity any decent home buyer should not miss out on!Registration for the Black Friday Property Sale is free and easy. Simply visit our registration website and sign-up in under 3 minutes.If you are a developer and want more information about this event please contact:Nin Kang+855 78 637 323+855 93 552 305nin.kang@realestate.com.khSoun Sumey+855 77 241 285mey.soun@realestate.com.khIf you are a real estate agency, media platform, bank or related business and want to join as an affiliate please contact:Chen Huyhong+855 98 526 671cheng.huyhong@realestate.com.khTrixia General+855 17 870 064trixia.general@realestate.com.khAlexander Sing+855 15 583420+61 434 644 957 (WhatsApp)Alex.sing@realestate.com.khSun Rattanak+855 17 884 161rattanak.sun@realestate.com.khArticle by:

The Black Friday Property Sale is the biggest real estate event coming to prospecting homeowners and investors in Cambodia. With the best deals being exclusively offered in the event, Realestate.com.kh is making it easy for you to register and get your dream home at the best price possible!Simply follow these 3 easy steps and register TODAY so you’re ready for the Black Friday Property Sale happening on June 12, 2020 from 4:00pm to 8:00pm GMT+7.Step 1: Go to the registration siteThe official registration URL for the Black Friday Property sale is: https://propertysale.realestate.com.kh/Once you get to the site, fill out all the required information. It’s important you fill these out so developers know how to contact you and for us to properly assist you if needed.Step 2: Get SMS CodeUpon filling out all the required fields, you’ll need to click the “Send me SMS” for our system to send a code to your registered mobile number.Input the code sent to your phone and you’re just one step away from completing the registration!Step 3: Confirm all your information and click register!We suggest reviewing your inputted information. Once that’s done, click on the “Register to the event” button at the bottom of the registration page. And you’re done! Congratulations, you’re now registered for the Black Friday Property Sale!You’ll get another SMS from us confirming your registration and a link to a PDF containing more information about the Black Friday Property Sale.All these steps can be complete in under 3 minutes! If you have family, friends, or know anyone who is looking to buy their dream home, now is the time to buy property and get the best deals during Realestate.com.kh’s Black Friday Property Sale.Congratulations on registering, see you at the online event!If you are a developer and want more information about this event please contact:Nin Kang+855 78 637 323+855 93 552 305nin.kang@realestate.com.khSoun Sumey+855 77 241 285mey.soun@realestate.com.khIf you are a real estate agency, media platform, bank or related business and want to join as an affiliate please contact:Chen Huyhong+855 98 526 671cheng.huyhong@realestate.com.khTrixia General+855 17 870 064trixia.general@realestate.com.khAlexander Sing+855 15 583420+61 434 644 957 (WhatsApp)Alex.sing@realestate.com.khSun Rattanak+855 17 884 161rattanak.sun@realestate.com.khArticle by:

Real estate experts are sounding the alarm: property prices are starting to drop! And Realestate.com.kh is giving you the chance to snag your dream home with the biggest discounts ever seen, all in one place - the Black Friday Property Sale.The Black Friday Property Sale, happening on June 12, 2020 from 4:00pm to 8:00pm GMT+7, is the first online-exclusive property sale where buyers can take advantage of great deals from Cambodia’s best developers. If you’re not yet convinced, here’s a summary of the biggest benefits by joining this limited time property sale:Big discountsBig discounts and massive selections go hand-in-hand in any Black Friday sale. Realestate.com.kh is delivering the same value to homebuyers and investors in Cambodian real estate as it puts all the best properties and slapping them with the biggest discounts - all in one place!Once-in-a-decade opportunityIt’s no stretch of the imagination that these discounts are part of a real estate market cycle that only happens every few years. It’s a time where the savviest investors buy the best properties at the lowest price possible, making their value margins better than any other time of the decade. This goes to show that the best way to profit off your property investment is not by selling high, but by buying low!Top-tier developmentsJust because these have the biggest discounts ever seen, doesn’t mean they’re your mediocre selections! Realestate.com.kh has built a strong relationship with Cambodia’s top developers and has partnered with a number of them to deliver their best developments at the best prices exclusively for the duration of the Black Friday Property Sale.Safe and documented transactionsRealestate.com.kh makes it a point that the developers (and their developments) participating in the Black Friday Property Sale are properly registered with the Cambodian government. So, when the time comes that the property is transferred, all the buyer has to worry about is signing that title transfer!Refundable reservation feeBuyers can reserve a property that they like with a refundable reservation fee of 500 USD. Realestate.com.kh understands that property investments are big commitments, especially in these uncertain times. That’s why buyers, who did not pursue the properties they reserved, can refund their deposits within a certain amount of time.Are you ready for the biggest online property sales event in Cambodian real estate? Register now at our Black Friday Property Sale site.If you are a developer and want more information about this event please contact:Nin Kang+855 78 637 323+855 93 552 305nin.kang@realestate.com.khSoun Sumey+855 77 241 285mey.soun@realestate.com.khIf you are a real estate agency, media platform, bank or related business and want to join as an affiliate please contact:Chen Huyhong+855 98 526 671cheng.huyhong@realestate.com.khTrixia General+855 17 870 064trixia.general@realestate.com.khAlexander Sing+855 15 583420+61 434 644 957 (WhatsApp)Alex.sing@realestate.com.khSun Rattanak+855 17 884 161rattanak.sun@realestate.com.khArticle by:

Best prices ever seen in Cambodia Real Estate, Friday the 12th of June, 4 hours onlyRealestate.com.kh is proud to announce the launch of the first ever Online Black Friday Property Sale, which will take place on Friday the 12th of June from 4:00 pm-8:00 pm (Cambodian time). The Black Friday Property Sale will be the biggest online sales event in Cambodian history, where property hunters can buy their dream home at the best discounted prices ever seen.Realestate.com.kh Black Friday Property SaleDATE: June 12, 2020TIME: 4:00: - 8:00 GMT+7 (4 HOURS ONLY)Biggest discounts from Cambodia’s leading developers100% free to register$500 Fully Refundable Reservation Fee on the day to reserve the discounted priceFor a limited time only, property hunters can grab the best deals of the year from Cambodia’s top developers. Buyers must pre-register to the event here and use an affiliate code when registering. Realestate.com.kh and its partners will send valuable information to pre-registered attendees in the lead up to the event and provide a guide as to which properties will be available and what some of the best discounts are that will be offered during the 4 hours. However, full details of all discounts and properties will not be revealed until the online event opens.Once the event launches at 4:00 on Friday the 12th of June buyers will be able to find their favorite property and reserve the discount by paying a fully refundable deposit of $500 USD on the day. Buyers who reserve a unit during the 4 hours 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 $500 reservation fee.Lessons from previous economic downturns indicate that property prices dip and eventually bounce back; presenting a small window where buyers are able to acquire properties at significantly more attractive prices. Realestate.comkh’s Black Friday Property 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 leading real estate agents and agencies with the intention of reaching as many buyers as possible both locally and internationally.Due to current quarantines and restrictions, conventional offline means of marketing property is severely hampered - making it especially difficult to reach target markets. The Black Friday Property Sale is an online event where developers can reach their audience and acquire buyers even during these times. Interested developers are encouraged to reach out to Realestate.com.kh urgently.Given the opportunities for great deals, Realestate.com.kh is inviting the leading real estate agencies, media platforms and other real estate related businesses to join as affiliates. Joining our affiliate network will allow our partners to benefit from every successful deal made via their database and website traffic. Interested parties may apply to become an affiliate through our affiliate managers.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 Black Friday Property Sale objective is to pursue this growth despite the necessary quarantines through continued online marketing efforts.Some of Cambodia's leading real estate agencies, media platforms, and other related businesses have already signed up as affiliates to bring the exclusive discounts to their own databases and online traffic including Cambodia Properties Limited, Juwai IQI Cambodia, Yi Fung Real Estate, Knight Frank Cambodia, Coldwell Banker, Rentex, Skylead, Century21 Dream Property, Khmer Times, BizKhmer, Panasia Life, Tnaot News and more! If you are a developer and want more information about this event please contact:Nin Kang +855 78 637 323+855 93 552 305nin.kang@realestate.com.khSoun Sumey +855 77 241 285 mey.soun@realestate.com.khIf you are a real estate agency, media platform, bank or related business and want to join as an affiliate please contact:Chen Huyhong+855 98 526 671cheng.huyhong@realestate.com.khTrixia General+855 17 870 064 trixia.general@realestate.com.khAlexander Sing+855 15 583420+61 434 644 957 (WhatsApp) Alex.sing@realestate.com.khSun Rattanak+855 17 884 161rattanak.sun@realestate.com.khArticle by:

10 April 2020- Oxley Gem (Cambodia) Co., Ltd, (“Oxley Gem”) commended the great effort put in by China Railway Urban Construction Group Co., Ltd (“CRUCG”) since they took over as the new main contractor for The Peak project.Just within a month after CRUCG started construction work on 11 March 2020, they have proven themselves to exercise a high level of professionalism and experience in managing the site.(CRUCG officially took over site and construction works / supplied)“We have invested a lot of time and resources to get our full team on board. A lot of sub-contractors and workers who signed contracts with CRUCG are also highly motivated and supportive to make sure the project is well completed.” quoted Mr Jia Ruo Hua, General Manager of Branch of CRUCG in Cambodia.Oxley Gem hereby wish to thank the Cambodian government, partners, investors and all other stakeholders for their patience and understanding on the appointment of a new main contractor over the past few months. The immediate result of the work progress goes to prove that this move was a right and timely decision in the best interests of the project.Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open.For more information, please contact:Nin Kang (Khmer/ English/ Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.kh

How has the Cambodian property industry been dealing with COVID-19’s global outbreak? The construction sector is continuously seeing approvals with on-going constructions carrying on - keeping it far from stagnation, according to a government report.A key example is the continued construction of the expressway connecting Phnom Penh and Sihanoukville. The momentum of large projects remain undeterred as Cambodia has not experienced a massive outbreak of the virus compared to other countries. It is expected that once the crisis ends, the construction and property sector will bounce back with more interest and activity.Although Cambodian properties have grown more attractive to property investors from abroad, it is important to remember that its appeal largely depends on the returns and its other potentials. Foreign investors will definitely be looking at the quality of the property as a prime selling point.In fact, “quality consumption” has gradually become a staple of modern lifestyle. This new must-have can also be seen being adopted on clothing and food and interestingly highlights the importance of brand trust. When it comes to property hunting, developers establishing a brand image are adopting quality consumption through better finance and a show of strong and expert level of operations management.Quality products mean greater potential for appreciation in a growing market while offering plenty of buoyancy against a bearish market. COVID-19 has certainly made a distinction between developers you should and shouldn’t be looking to for your hard-earned wealth.Prince Happiness Plaza is built by the Prince Real Estate Group, a leading real estate developers in Cambodia. The group owes its reputation of being quality developers of residential and commercial projects to its professional relationships built and its expert way of managing its various operations in the Kingdom.Prince Real Estate Group boasts several projects in Phnom Penh and Sihanoukville, including high-end complexes and central business landmarks such as the Prince Central Plaza, Prince Modern Plaza, Prince Times Plaza, Prince International Plaza, Prince Happiness Plaza, Prince Tian Xi Wan, Prince City Center, Prince Blue Bay Palace, Prince Smart Garden, Prince Koh Takeiv and many more in the pipeline.Every development is preceded by meticulous research on any area. This is then followed by strict planning born of years of experience in the industry. As a result, Prince Real Estate Group has delivered many properties worthy of the word-of-mouth recommendations it has received over the years.As the saying goes, a gigantic tree is a great source of shelter. Likewise, the Prince Real Estate Group offers a great way for investors to preserve their wealth. Its projects alone have covered a titled land area exceeding 12 million sqm and a total floor development plan of more than 20 million sqm, which adds up to over 2 billion USD in investments.But property investment is not just about the property itself. It is also very much about the surrounding environment and facilities offered in the area. The value and the rental return of the investment is directly related to the growth and prosperity of its neighbourhood.Prime location is the first step to wealth security and growthIf you’re considering the potential for appreciation, the surrounding convenience, amenities and other upcoming developments in the area could give you a picture of future returns.Prince Happiness Plaza is a top-class development located in the south of Phnom Penh. Its location ticks all of the important boxes of a project with a high potential for appreciation. For example, Khan Meanchey, the district south of Prince Happiness Plaza, is seeing plenty more commercial developments in the coming years.Residents are guaranteed a great atmosphere with Prince Happiness Plaza’s excellent selection of facilities. It’s also worth mentioning that it sits right in the hub of embassies including Australia, Thailand, Japan, Russia, South Korea, and Malaysia.It is also just a stone’s throw away from major tourist attractions such as the National Museum, the Independence Monument, and the Royal Palace. Major shopping markets and malls such as PH ECO Mall, Russian Market, Central Market, AEON Mall 1, and the upcoming AEON Mall 3. Prince Happiness Plaza has a great selection of surrounding schools such as the International School of Phnom Penh (ISPP), ZAMAN International School, and the Royal University of Law and Economics. The benefits of its location does not stop there.Health and fitness are important to any investor, and Prince Happiness Plaza meets these needs. The First Center Polyclinic, the Bayon Hospital Phnom Penh, and the Olympic Stadium are a short drive away. The Sofitel Hotel and NagaWorld are close by for high-class recreational activities, giving residents of the plaza a range of dazzling indulgences befitting their lifestyle.The Prince Happiness Plaza sits along Monivong Boulevard and is relatively near where Monivong, Road 271, and Hun Sen Boulevard all merge - allowing for quick access to the heart of Phnom Penh, the airport, and basically anywhere else in the city! Owning property in the Prince Happiness Plaza is an ideal way of protecting and growing one’s wealth based on a safe and prosperous location in the south of Phnom Penh.The current health crisis will pass eventually, and activities will resume - it’s all a matter of time. All of these events have shed light on the importance of good investments on good name brands, especially in something as essential as a home.Realestate.com.kh is proud to bring the first Black Friday Property Sale to the Cambodian real estate market. Register now to secure the never-before-seen big discount from projects across Cambodia.

Real estate prices in Cambodia are starting to take a hit due to fears of COVID-19, according to a report from CBRE Cambodia. The outbreak, which began in Wuhan, China, back in January 2020, has infected more than 1.2 million people internationally by early April 2020. As the pandemic escalates, the socio-economic effects of COVID-19 are starting to affect the real estate prices across the world, including that of Cambodia’s.According to CBRE, the Ministry of Land Management, Urban Planning and Construction, the first 2 months of 2020 maintained strong growth in approved investment into construction, with the total value of approvals reaching almost US$2 billion across 728 public and private projects, indicating a growth of 47% compared to the same period in 2019. But this has likely slowed down in March 2020 when it became clear that issues caused by the virus will persist for quite some time.Condominium prices face downward trendBy the end of Q1 2020, condominium price per square metre, especially in the high-end and mid-range sectors, have begun showing signs of a possible downward trend, according to CBRE Cambodia. The mid-range market’s price per square metre decreased by 1.5% while the high-end market slipped by 0.5%. On the other hand, the affordable segment of the market increased in price by 0.3%.Condominium rentals are also affected by current market conditions. Rental prices in the high-end and mid-range have slid by 0.4% and 0.6% respectively. The drop in prices is attributed to fears surrounding COVID-19 and new supplies of condominium units coming online in Q1 2020.The CBRE Cambodia report indicates that the effects of COVID-19 on real estate prices, especially in condominiums, are still in its early stages. Prices could still go down if the socio-economic impact of the pandemic persists in Q2 2020.Office space market becomes more competitive for landlordsPhnom Penh’s office space market has seen a massive increase in supply over the past few years. While occupancy remained at a reasonable level since, the uncertainty caused by COVID-19 have severely limited the number of potential tenants - making the market more competitive for landlords.According to CBRE Cambodia, quoting rents flatlined for all office segments in Q1 2020 despite initial upward movements of rents beginning January. The competition has somewhat intensified for landlords, some even offering short-term discounts to attract new tenants.It is expected that the spread between quotes and actual rentals will widen through Q3 2020 as the pandemic continues to escalate. The incoming influx of office spaces is reportedly expected to apply downward pressure on the office market’s rental prices in Q2 and Q3 2020.Retail spaces are the most exposed to COVID-19 economic pressuresAs the Kingdom prepares for what appears to be a peak that’s yet-to-come, segments of the Cambodian population, particularly in the cities have started observing self-quarantines. The government’s cancellation of major public events such as celebrations of the Khmer New Year have severely curtailed the foot traffic normally seen by commercial establishments.According to CBRE’s report, the decrease in foot traffic in Phnom Penh’s retail centres saw a sharp drop due to the spread of COVID-19. Low retail sales have translated to quoted rentals rates being slashed by as much as 10.5%, the sharpest reduction in 4 years.Retailers are advised to explore omnichannel presence to keep afloat amid the pandemic.CBRE expects retail and consumer confidence to pick up later in 2020.Landed property remains resilientAccording to CBRE, despite the recent disruption from the headwinds including the partial withdrawal of EBA preferential trade arrangements with the EU, the COVID-19 outbreak, and external geopolitical and economic uncertainty, Borey developers’ confidence remains strong, signaled by the 14 newly launched projects witnessed during the past 6 months.Quoted prices on these properties also showed no signs of slowing down by the end of Q1 2020. In fact, prices saw increases of up to 2.9% in linked house properties during the same period - with villas reporting price growths of up to 4.3%. This is attributed to the local status of landed property as “safe-haven” for capital, according to the CBRE Cambodia report.CBRE’s report anticipates that Borey sale prices will remain robust throughout the year. If there are any market corrections, household cash-flow distress is expected to be contained by the secondary market, a.k.a resales.Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open.For more information, please contact:Nin Kang (Khmer/ English/ Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khArticle by:

Looking at the Chinese real estate market’s experience of the pandemic, the imposed lockdowns essentially froze huge portions of the industry. Recorded property sales plummeted by as much as 80% in big cities when lockdowns were enforced, according to a report from the South China Morning Post.But in early April 2020, community quarantines and travel restrictions were slowly lifted across China. Market observers then began noticing the first signs of recovery. According to a report from the China Real Estate Information Corporation (CRIC), transactions in large cities such as Shenzhen, Fuzhou, Hangzhou, Chengdu, Shantou, Jiaxing, and Yangzhou have started to pick up in volumes surpassing the average transactions made in Q4 of 2019.The CRIC reports that some 175,800 sqm of residential property was sold in Suzhou within a single week back in March 2020. CRIC’s report further reveals that a district in Suzhou sold 170 million USD of property in 1 minute of online sales through property portals similar to Realestate.com.kh.The report from the South China Morning Post attributes the rebound to low prices following the spread of COVID-19 in China, aided by financing assistance, making several projects popular. A Chinese real estate insider also derives the sales to “pent-up” demand from the Spring Festival and the widespread lockdowns.Huaian CityHangzhou CityChengdu CityFuzhou CityInternational property consultancy Knight Frank, however, cautions developers not to get too excited as sales could still face shortfalls up to 40% of year-ago sales figures. According to Martin Wong, an associate director at Knight Frank, “The sales outlook for the whole year depends on the development of the coronavirus condition”.Xie Rui, a property analyst from Golden Credit Rating, projects that nationwide sales of sqm sold will likely be lower by 4.5% by the end of 2020 compared to 2019. Although, this figure assumes that COVID-19 is under control by the end of April.Cambodian real estate showing early signs of slumpCambodia has not experienced a massive outbreak, nor is it facing a nationwide shutdown (as of posting April 9, 2020). Regardless, the pandemic has strained the country’s economy, hardest hit being its tourism, and most recently, its real estate sector.CBRE Cambodia, part of CBRE’s international property consultancy, reported early signs of real estate prices sliding this quarter. The lack of foot traffic and cancellation of public events has especially exposed retail spaces to as much as a 10.5% reduction in rental prices, the highest in 4 years.For residential properties, CBRE’s report showed small but indicative price reductions. Condominiums are now experiencing a decrease from 0.5% to 1.5% in price per sqm on the high-end and mid-range, respectively, in Q1 2020. The affordable end of the market slightly picked up by 0.3% in the same period.Landed property remains resilient as prices of house units increased by up to 4% according to CBRE Cambodia. Landed property in the Kingdom has a status of “safe-haven” for capital, and that perception is faring well in the early parts of this outbreak.While CBRE Cambodia reports that the slump is still in its early stages, market adjustments will likely persist if the pandemic continues to spread at alarming rates throughout the year.Can Cambodia mirror China’s market resurgence?While Cambodia and China are two vastly different economies, examining China’s initial signs of economic recovery helps set expectations for the Kingdom’s real estate market.Prior to the global outbreak in January 2020, the Kingdom’s real estate industry has been strengthened by developers meeting mid-range demands of the local market. According to Knight Frank Cambodia, mid-range residential developments are set to overtake the dominant supply of high-end developments.The demand for affordable property is likely to sustain itself after the outbreak as, much like the Chinese, the Cambodians value property as a safe store of wealth. Delivering more mid-range and affordable properties, aided by financial assistance, maybe the bedrock of any real estate recovery post-COVID-19China's economic activity tanked after the restrictions on movement. While there is no lockdown proclaimed, the outbreak has spurred more precautions in daily economic activity, negatively affecting the projected 7% GDP growth. This change in behavior highlights the need for the industry to adapt to changing circumstances.Many Chinese property seekers have opted to look for property online throughout the lockdown. The Cambodian market may be starting to reflect this behavior as more showrooms close. Any real estate market recovery will definitely be helped along by the sense of euphoria once COVID-19 passes, which further highlights the need of developers and agents to maintain an online presence.A lot is still uncertain in terms of COVID-19 peak and restrictions of movement in the Kingdom. Regardless of how relatively contained the disease is, the government is keeping a close eye on the situation. The only thing certain is that fears of the pandemic have already taken root in Cambodia’s economy and will likely take some time (6 months at the very least) for markets to recover to pre-outbreak activity.Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open.For more information, please contact:Nin Kang (Khmer/ English/ Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khArticle by:

(Prime Minister Hun Sen led an inter-ministerial meeting at the Peace Palace / Facebook)Since the global outbreak of COVID-19 in late January, the Cambodian government has been monitoring and has been enacting step-by-step measures to mitigate the economic effects of the pandemic.Back in February, the government announced a 4-month exemption of taxes from hotels and guesthouses in Siem Reap which will be in effect from February to May 2020. The move comes as a response to countries, especially China, restricting travel abroad. According to figures cited by the Khmer Times, the government has indicated that tourists are already down by 60% early in this year.This tax exemption was also extended to tourism-related businesses such as airlines, tour agencies, and other businesses part of the hospitality industry. The 3-month tax waiver will apply from March to May 2020 in order to help businesses keep afloat during the pandemic.The government also decided to waive the 4 percent stamp tax on all residential properties valued less than $70,000 in a move to stimulate the real estate and construction sector amid the epidemic fear of COVID-19. The real estate sector has seen massive growth over the years and is starting to feel the effects of public fears due to the outbreak.Prime Minister Hun Sen, in preparation for COVID-19 outbreaks in the Kingdom, has slashed government expenditures by up to 50% to allocate funds for the Kingdom’s medical and economic needs.On Monday during a press conference at the National Assembly, the Prime Minister appealed to landlords to temporarily reduce rents or allow people to pay their rents on later dates in a bid to help business owners and renters whose incomes are affected by the outbreak.The premier also called for micro-finance institutions to defer microloan payments or slash interest rates altogether to ease the financial burdens on people.He said, “the state will not interfere the affairs between private sector and private sector, but the state would like to appeal to the private sector to understand each other including the bank sector to defer the payment.”As COVID-19 grows as a national concern, the Cambodian government has prepared a $400 million war chest to combat its effects on the economy. According to a Khmer Times report, the Ministry of Health has also set aside $30 million to purchase the necessary medical supplies to support medical frontliners and treat patients infected by the virus.A state of emergency bill is currently being drafted by the government to prevent more people from being infected by the virus in the Kingdom. A formal announcement is expected on April 3, 2020.Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now!Article by:

Realestate.com.kh Livestreaming is a new way for buyers and investors to get the latest news about Cambodia’s real estate market. It is the first dedicated property-focused live stream series on Facebook hosted by a professional team at Realestate.com.kh. Catch the latest market updates every Thursday at 1pm on the Realestate.com.kh Facebook page.Every week, new guests are invited to talk about different topics that provide property seekers, and the larger real estate industry with knowledge on topics ranging from buying homes, choosing agents, applying for a home loan, or even comparisons between different residential properties - and everything in between. This series is all about teaching buyers how to buy their next home or their next big real estate investment.Upcoming Realestate.com.kh LIVE topicsThe first property-focused livestream aired on March 26, 2020. In case you missed that episode, it’s a definite must-watch as it talks about how to buy and sell property on Realestate.com.kh during the COVID-19 outbreak in Cambodia.A series of new topics are already lined up for Realestate.com LIVE! Check out the schedule down below:Dates Topics April 2How to search for property online via realestate.com.kh April 9New realestate.com.kh website & App feature- new PDP + booking April 16How to inquire about the property - Chat - Form  + Home Finder April 23Buying your first home in a Borey or a Condo development April 30Working with agents to find the property you want May 7What to buy: Should I get a Borey or Condo? May 14How to search for rentals on realestate.com.kh May 21Investing in real estate in CambodiaMay 28How to sell my property on realestate.com.kh June 4How to find a serviced apartment on realestate.com.kh All shows will be streamed live at 1 pm on Realestate.com.kh’s Facebook page.Do you have any other topics you want us to talk about? Call us: 092 92 1000 or email: info@realestate.com.khAre you an agent or a developer looking to share your market insights, and getting the word out for your properties and/or services? Take the lead in the industry and get interviewed live as our resource person at the livestream. Share your experience and promote your brand and your properties as our Featured Agent or Developer of the Week. You can even live stream directly from your showroom or office and provide a walkthrough of your property and tell our audiences about the unique features and benefits of your property.Realestate.com.kh LIVE reaches over 11,000 people every stream, and is likely to rise in the coming weeks! Not to mention, Realestate.com.kh reaches over 300,000 users through its website, social media, and email database. Be our next featured agent or developer today!If you’re interested in sharing your brand and knowledge with us, let us know.For more information, please contactKim Vatana (Khmer)+855 12 879413vatana.kim@realestate.com.khAlex Sing (English)+855 15 583420+61 434 644 957 (WhatsApp) Alex.sing@realestate.com.khStay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now!Article by:

The global outbreak of COVID-19 has caused major shifts in the economic landscape of countries all over the world. As more cases are found every day, more people are convinced to stay at home - a small effort, but one that makes a difference in flattening the curve.But even at home, people still interact, explore, and look at the things they are interested in on the internet; no pandemic is going to stop this generation from going online.For property sellers, agents and developers the only way to find buyers and renters during a global pandemic is via the internet and it's no surprise Realestate.com.kh has recently seen an increase of activity on its platform and mobile app downloads. And here is how property seekers and our clients can take advantage.Surge in online traffic and property inquiriesRealestate.com.kh's traffic data has surged 20% in the past 3 weeks. Record traffic is pouring in from across the country and abroad, visiting listings and accessing the Realestate.com.kh mobile app.Interests in Cambodian developments were also noted as 43% more inquiries about property rentals and sales were received by chat support. This bump in interest could also be attributed to the introduction of the Thai and French versions of Realestate.com.kh and the inclusion of a real-time translation in live-chat, a feature never before seen in any real estate portal in the region.The bump in inquiries has translated into a 22% increase in leads for our clients, a surge in sales that developers and agents need in such market conditions. But Realestate.com.kh’s delivery does not stop with live-chat inquiries.Buyers and renters are in for a great dealWhilst most of the recent spike in activity on Realestate.com.kh has been generated through the local market and expats based in Cambodia, we are also seeing markets such as China, Korea, Singapore and more start to recover from the effects of COVID-19.We are already starting to see an increase in activity and leads from these markets. As buyers know that they will be able to get properties at a great price during this period. Famously, Hong Kong buyers were snapping up great deals during the SARS outbreak. We are seeing a similar effect with international and even local buyers in Cambodia at the moment.Download the app and take advantage of live chat direct with buyers and sellersRealestate.com.kh are still seeing up to 50% of live chat requests from buyers and renters go unanswered! Agents and developers must ensure all salespeople are now actively logged into their accounts on the Realestate.com.kh App.Buyers and sellers (agents) can simply translate messages in their native language, just as you do on WeChat and negotiate with a potential buyer or renter right up until the point of purchase. You can literally sell properties online, right up until the buyer is ready to pay a booking fee.Tips to improve your listing quality on Realestate.com.khReal estate agents and property developers must now view their listings on realestate.com.kh as an online showroom if you want to generate leads and sales during this period. It is proven through in-house and external analysis that better quality listings generate more leads at a better quality.Tip #1 Upload high-quality photos Listings with high-quality photos generate 300% more inquiries than other listings.Tip #2 Upload more than 5 photos Listings with more than 5 photos generate 500% more leads than listings with 3 photos or less.Tip #3 Name your price Listings with no price displayed, or inaccurate pricing results in very low quality leads.Tip #4 Create an interesting property description Sell the benefits of the property and make the buyers or renters imagine themselves living in the property. And make sure you are taking advantage of being able to upload listing descriptions in English, Khmer, Chinese, Thai and French.Tip #5 Accurately pin the location on the map Buyers will trust you more if you are more honest with them. Accurately pinning the property on the map will increase the quality of your leads.Supercharge your business with 360 virtual showrooms and video toursWe noted that developers and agents have begun limiting their staff’s working hours and closing showrooms to limit the risks of infection. To help prevent putting their staff at risk while keeping their units available for public viewing, we extended our 360 virtual showrooms to interested clients to allow their units to be visible to the market without requiring interested buyers to leave their homes.(360 virtual showroom tour of Sky Villa)Realestate.com.kh’s 360 virtual showrooms take panoramic images of developer units which online users can interact with as if they were physically there. This way, developers and agents can keep the interest of buyers without putting anyone in harm.It is exactly the same with video tours of your properties. Video tours allow you to insert voice-overs, text overlay and more. When you are uploading your properties to realetate.com.kh you can simply upload a video to the listing directly from a youtube link.(360 virtual showroom tour of The Peak)Realestate.com.kh exclusive partner marketingThe Realestate.com.kh website and app itself isn’t the only place where developers and agents can have an online presence. We have built a relationship with media outlets across the Globe and Kingdom of Cambodia. This network reaches hundreds of thousands, if not millions, of people every day.Partners such as Khmer Times, CC Times, Fang.com, Panasialife and ThmeyThmey are just a few of the big names we publish our listings to, which simply means more reach for our clients, and enriched content for our partners.For more information, please contact: Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.khArticle by:

(Global industries are starting to feel the economic pinch caused by the outbreak of Covid-19. Supplied)In keeping with its promise of transparency, the Cambodian government updated its total number of cases to 37 (as of March 19, 2020). The newly confirmed cases were quickly sent to quarantine with health officials right on the trail of suspected cases across the Kingdom.Cambodia isn’t the only one struggling to contain the disease. Over 160 countries are tackling the outbreak of Covid-19 which has infected over 220,000 individuals internationally and has claimed over 9,000 lives. Governments and healthcare organizations across the world have responded by putting measures in place to curb what appears to be one of the biggest viral outbreaks since SARS in 2003.The global tourist industry has taken a massive hit as a result of these measures. In response to the sharp decline of visitors, the Cambodian government waived the tax requirements of registered hotels and guest houses to help buoy the industry estimated to be directly and indirectly employing close to a million people in the Kingdom.But as the atmosphere of fear festers, other industries are starting to feel the pinch. Cambodia’s real estate industry has been on a bull trend for the past half-decade with one building rising soon after another, a sight any resident of Phnom Penh would attest to. Will this interest in real estate property decline, as well? What does Covid-19 mean for the many who depend on their land to give them hope?(The Cambodian government has stepped up its measures to combat the spread of the virus within the country. Photo by Siv Channa from Khmer Times)Realestate.com.kh reached out to Cambodia’s real estate experts for their take on what’s happening, their predictions, and to learn how best to take advantage of current market conditions.“Yes, there will be shortfalls in the real estate industry but neither will it be a major nor a permanent one,” according to a joint statement from the directors of Yi Fung Real Estate, Edward Lin and Stephen Suen. Both cited investment funds are temporarily on hold but are still looking for a place to park, of which Cambodia still remains as an optimal choice.“Our Prime Minister has also proposed a stimulus package to subsidise the manufacturing industry affected as a result of the EBA withdrawal” welcoming the news that the government has not forgotten about the manufacturing sector during the global outbreak of Covid-19. Both experts, however, cautioned, “We have to be ready for anything as the global economy has to see the road to recovery soon so we avoid a major downturn”.Janusz Drag, CBRE’s Project Manager for Residential Sales, expects activity to slow down within the first 6 months of 2020 with Chinese developers in Cambodia, in particular, hurting the most as the Chinese market is preoccupied with their continued quarantine.“Travel is also limited so most sales will have to be done in China. As such, road-shows and electronic marketing will be more useful than ever before for the Chinese market.,” despite the difficulty, Janusz Drag is hopeful, saying that “the strong relationship between Cambodia and China means that Cambodian projects are well placed to take advantage of the improving situation in China.”(Wuhan's makeshift hospitals have begun discharging patients for the past few weeks. Photo from the South China Morning Post)David Lim, CEO of Alpha Alliance Real Estate, also recognises the global threat coronavirus poses and expects a temporary slowing of real estate activity. But he is confident that the market will go back up once governments and health organizations get a comprehensive grip on the situation.“Everything that goes down, will come back up. I think the Cambodian real estate market will bounce back within the next 12 months.” he continued, “The strong relationship between Cambodia and China is something that will encourage Chinese investors to look to Cambodia once the dust settles”.And a strong relationship China and Cambodia may have. Last February 5, 2020, Prime Minister Hun Sen flew to Beijing to personally offer his support to the Chinese government and its people during the height of the outbreak in China. The Prime Minister also reaffirmed his stance not to evacuate government officials and several Cambodians living in the Hubei region when so many other countries have scrambled to do so.“Cambodia does not abandon its friends,” said the Prime Minister, admonishing those critical of his policy and stating his confidence in the measures taken by Chinese authorities.(Prime Minister Hun Sen and the government has prepared a $400 million war chest to combat the economic effects of the Covid-19 outbreak in the Kingdom. Photo by Siv Channa from Khmer Times)The friendship between the two countries seems to be paying off as raw materials and medical supplies are on their way to Cambodia from China, with more goods expected to be shipped to the Kingdom once China returns to its economic form.When there’s fear on the streets, buy propertyIt’s no secret among real estate insiders that widespread fear affects the property market. As Covid-19 receives more coverage, a lot more people may shift their priorities. It’s in these shifting priorities that speculative markets, such as land prices, may experience stagnation or even a dip in prices. And that’s when the sharks come out.(Even Paris has been placed on a lockdown with only food and medical services allowed on the streets. Photo by Nhim Khal Reasey)“Perfect timing is key to getting a bargain price on premium location,” according to Yi Fung’s directors. “BKK1 has plenty of properties with a shopfront available for lease. It’s a good time to lease if you’re looking in centralised districts for good locations and better terms and conditions,” they suggested.“We’re anticipating a 10% to 20% drop in lease prices due to current events, new supplies of office space, demand from investors, and human capital return,” Yi Fung Real Estate’s statement continued, “The commercial retail sector varies from district to district but it definitely is a tenant’s market with much potential to negotiate.”Janusz Drag from CBRE shares the view that there are opportunities available today to buyers keen on getting good deals. “We have seen strong offerings in Phnom Penh’s prime locations like BKK1 along with great deals on the secondary market. However, the best deals are yet to come as more launches come with more sophisticated designs, more interesting concepts, and even better prices”High property prices have been the elephant-in-the-room when it comes to discussions of real estate in Phnom Penh. The largely high-end market of prominent projects in the city is out-of-reach for a majority of local buyers. David Lim of Alpha Alliance believes this is unhealthy for the real estate market as a whole.“With this coronavirus situation, it may be a good time for investors or prospecting homeowners to consider entering the market to pick up attractive bargain properties at prime locations for sale in the market” he shared.Ny Tinat, CEO of Basac Realty, has been observing the property market and expects prices to dip in the coming weeks and months. “First, there was the ban in online gaming, then there’s the EBA withdrawal. Now, we’re facing the novel coronavirus” he cites as the factors that may grind prices downward - a drop in prices other experts are categorizing as a market correction.“There are 3 areas we’re paying close attention to,” says Ny Tinat. “First, is the area around the new airport site in the south of Phnom Penh particularly in Kandal Stueng, Takhmao, and S’ang. Second is Street 51, a stretch of land suitable for industrial development. Lastly, there’s Arey Ksat, while not completely developed, can be expected to see an increase in interest once the fear of Covid-19 dies down”.On the road to recoveryAt the time of this posting, over 220,000 confirmed cases have been reported by the global health networks tracking the pandemic. However, not often talked about is the almost 85,000 people out of the 220,000 infected who have recovered from Covid-19, a 40% recovery figure.Chinese health officials have also reported a sharp decline in new cases in China after imposing provincial lockdowns and travel restrictions within the country. In Hubei province, the ground-zero of the outbreak, authorities have reported that on March 19, 2020, there have been no new cases for the first time since imposing strict quarantines.(This table shows the infection rate from China (orange), the infection rate from other countries (yellow), and recovery rates internationally (green). Data is from the John Hopkins University Center for Systems Science and Engineering - accessed March 19, 2020)While the earliest ETA for a vaccine is still in 2021, the news of recovery has certainly been welcomed across the world. Many in the real estate sector, as a result, expect the markets to return to pre-outbreak days by Q3 2020 at the earliest while more conservative estimates expect things to bounce back by the end of Q4 2020.“We are expecting economic activity to pick up by Q3 2020 onwards as the Covid-19 pandemic should be behind us by that point and international travel is back on the cards.” according to Janusz Drag. He believes that the mid-range market would revitalize real estate activity saying, “What this period has shown us to date is that the market for mid-range and affordable projects remains pretty robust, there still seems to be good demand and we expect that to heat up as everything gets back on track following this episode.” David Lim expects markets to resurge by Q4 2020. He is also confident that the market will recover on the back of strong demand from the mid-range sector of the market.“Real estate market forecasts, especially for condos, are looking positive due to many reasons. First, most developers are turning their attention to the local Cambodian purchasers rather than relying on foreign buyers.” according to David Lim.According to Knight Frank, the high-end and mid-range condominium unit supply currently stands at 61% and 39%, respectively. As of Q1 and Q2 2019, data from Knight Frank suggest that 60% of new projects launched are classified to be in the mid-range. Based on this data, Knight Frank projects the gap between high-end and mid-range to narrow down to 56% and 44% by 2022/2023.“Second, landed property prices located within the city have increased so high that it’s not affordable to younger Cambodians to have a home and start a family.” David Lim cites the rapid increase in land value within the city centres.(Phnom Penh’s lands have more than doubled in prices per sqm since 2010, leading to a property boom never before seen in the country. Supplied)According to CBRE, the innermost parts (Daun Penh, Chamkarmon, and 7 Makara) of Phnom Penh’s land prices have increased ~150% from 2010 to 2019 with recorded starting prices of $5,000 per sqm. Other districts (Russey Keo, Sen Sok, and Chroy Changvar) in the city have also doubled in prices since the same period with starting prices of a little over $1,000 per sqm. Toul Kork, one of the more recently developed districts, jumped in price from ~$2,000 per sqm in 2017 to ~$3,500 per sqm in 2019.Considering these price tags and people’s shifting priorities, negotiating land prices during this time may give buyers a bit more leverage.“Third, younger generations of Cambodians prefer to stay in the city and commute daily to work due to the poor road infrastructure and bad traffic conditions during peak hours. And fourth, most developers have constructed affordable condos to cater to the high demand in this sector and assisting middle-class Cambodians by loan arrangements to assist their purchase,” says David Lim.(Phnom Penh’s economic activity will slow down but is expected to bounce back in the latter half of 2020. Supplied)The real estate market will likely slowdown in the short-term, but real estate experts agree that this is neither a major nor a permanent crisis that will deter people from exploring opportunities even during a crisis. And while vaccines are still a year off, statistics show that there is an end to the pandemic. It’s all a matter of how alert but not anxious, the general public will be in the coming months.Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.khArticle by:

Due to the current outbreak of COVID-19 that is currently affecting almost every country in the world, resulting in closing down of schools, businesses, flights, and multiple global events, the management at Realestate.com.kh has decided to move its Home & Lifestyle Expo to August 7th and 8th 2020.Home & Lifestyle Expo 2020 is moved to August 7th and 8thHome & Lifestyle Expo 2020 is the sixth iteration of Realestate.com.kh’s most popular expo series that was originally scheduled to take place on the 24th and 25th of April. However, the management at Realestate.com.kh, as the main organiser, decided to move the event to 7th and 8th of August 2020 in a bid to ensure the safety of everyone involved and mitigate the effects of the virus, according to Mr. Thomas O’Sullivan, Realestate.com.kh CEO.“The decision to move the Home & Lifestyle Expo to a later date has been made based on a duty of care not only to Realestate.com.kh employees, sponsors, exhibitors and partners but also to our attendees, and wider Realestate.com.kh stakeholders. And, although attendee registrations were growing we still couldn’t guarantee a sufficient turnout of people on the day. Global and local measures are changing daily by both the public and private sector in efforts to contain the virus, ultimately it would have been irresponsible for us to proceed with the event for the April dates” said Mr. O’Sullivan.The postponement brings greater value to sponsors and exhibitorsMr. O’Sullivan reaffirmed to the exhibitors that despite the event being moved to a later date, it will still happen and will bring even greater value for exhibitors as now Realestate.com.kh will combine the Home & Lifestyle Expo with the Realestate.com.kh Expo, which typically takes place in October. The Realestate.com.kh Expo is mounted yearly by Realestate.com.kh at Naga World and typically targets mostly overseas investors and affluent local buyers.“We will now combine both our Home & Lifestyle Show and the Naga Show into one super-charged event on 7th and 8th August, giving exhibitors even more value. We will not stop our marketing efforts for the Home & Lifestyle Expo. We will simply continue the marketing with the revised dates,” O’Sullivan said.“In fact, we will be spending close to double the original marketing budget, as we are now doing one event as opposed to two. The marketing campaign has increased from 3 months to 7 months, which will simply result in more Cambodians, expats and international attendees,” he added.The postponement brings greater value to attendeesWhilst combining both events has somewhat of a negative effect on Realestate.com.kh itself, attendees (and exhibitors) can count themselves lucky. Realestate.com.kh can now guarantee an even greater spread of condo and Borey developers to fit all budgets and a greater spread of lifestyle brands, banks, law firms and more.It also means that the ever-popular seminars will be introduced to the August event, which were not previously planned for the April expo.Surge in demand for remaining boothsDespite the current crisis caused by COVID-19, the number of companies signing up to Home & Lifestyle Expo continues to increase.With over 75% of booths for the event already sold out and the Realestate.com.kh Expo at Naga World being combined into the new larger event, Realestate.com.kh expects a surge in demand for the remaining booths from developers and exhibitors who are intending to participate, O’Sullivan said.Although Realestate.com.kh has to pay more for marketing for two events at the same time, it will not require exhibitors who already bought the booths to pay extra costs. However, those who have not yet reserved the booths will have to pay new prices, which have increased by up to 25%, he added.“By combining events, there is even more value to our sponsors & exhibitors in pre-marketing activities and more costs to Realestate.com.kh. Existing exhibitors will not bear any further costs. However, there will be a price increase for new exhibitors as we are anticipating a much larger show with more attractions and visitors,” O’Sullivan said.This event is made possible with great support from our sponsors B2B Cambodia, EZECOM, foodpanda, Lukfook Jewellery Cambodia & FUNNY Water.Cambodia’s leading companies and developers already onboard includeMonet, Borey The Flora, Aristo Developers, CBRE Cambodia, Creed Development Group, Prince Golden Bay, Borey VIP, Prince Huan Yu Real Estate (Cambodia) Group, CAR 4 you bringing LEVDEO, E-GREEN & FOTO Brands and TF Motors (Cambodia) with the brand MG, Pointer Real Estate, Huibang International Real Estate Co.,Ltd, La Vista One, Prince Huan Yu Center, Garden One, Urban Village, Prestige Homes, LL Property Services, Time Square, Borey Eden Garden, E City, The Peninsula Private Residences, TK Smile, JV Parc 21 Residence, The Hexa Condo, LE CONDÉ BKK1, Borey Mongkul Phnom Penh, Union City Development Group Co, Ltd, At Solutions, MZ Design, Urban Living Solutions, Borey Lorn City, Vue Aston, KH Land, Beyond Design, AIMS Cambodia, Modern House 01, Morganford Investment (Cambodia) Co., Ltd, Arakawa Residence, Dara Sakor, Dara Sakor, Camprof Properties, Modern Residence, Tnaot News, Sing Meng Media, Lotus Broadcasting Services and E&A Consultant Co., Ltd,  Media partners includeFresh News, Khmer Times, Fang.com, Thmey Thmey, AmCham, 58.com, Business Cambodia, Property Area Asia, Enjoy Cambodia, The Cambodia China Times, Grep Tech, Jian Hua Daily, Sing Meng, BritCham, Veha, Gold Zone Media, Angkor Today, The Commercial News, Panisia Life, Business Khmer, Nice TV, Sabay, EuroCham, and many more.Register now for express entry!Article by:

Big News! Realestate.com.kh has just released two new languages on its site and app. Now users can browse for properties and engage with agents and developers in Thai & French. The move to add these languages is in recognition of the widening cultural and economic relations Cambodia has with Thailand and France.Thailand and Cambodia’s trade relations have swelled from $6 billion in 2017 to almost $8.5 billion in 2019. The trade between the neighbours mainly consisted of agricultural products, manufacturing equipment, and especially home appliances that meet the Kingdom’s increasing residential development.“The growing trade relations between Thailand and Cambodia is an opportunity for the country’s real estate sector. The government has made it easier for foreign investors to enter the country, and we feel that a Thai language domain of Realestate.com.kh would help further the interest of Thai investors in developing Cambodia’s property market” according to Thomas O’Sullivan, CEO of Realestate.com.kh.France and Cambodia have enjoyed more than a century’s worth of relations. The French government, through the French Development Agency, has contributed more than €400 million to multiple sectors in the Kingdom such as infrastructure development, agriculture, tourism, human resource development, and manufacturing, particularly with garment and textiles. France is also home to multiple generations of Cambodians who largely sought refuge during Cambodia’s civil war period.“France and Cambodia have a long history of cultural exchanges between them, and each has nurtured a healthy community of expatriates within their respective borders. The introduction of French on Realestate.com.kh allows us to serve these communities better such as the French expat community living and working in Cambodia, and the Khmer community in France looking to invest in their home country,” said Thomas O’Sullivan.The introduction of Thai and French has also been integrated with Realestate.com.kh’s real-time translation feature available to everyone who uses the Realestate.com.kh chat function. For the first time, Thai and French speakers can easily communicate with each other seamlessly as messages will automatically be translated into their preferred language.This update has been launched and is live on Realestate.com.kh as of posting time.Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now!Article by:

It’s not lost among residents that Phnom Penh’s once tame skyline has grown more imposing over the years. Structures of concrete and steel loom over the city’s pagodas, shophouses, and colonial neighbourhoods as developments rise after another. But in the middle of this rough concrete jungle, a hidden gem symbolising the city’s rise as a regional economic hub can be found.The Elysee by Dara, a residential development by Dara Hotels, is located in the French-inspired suburban area of Diamond Island, widely known as Koh Pich and is designed after the majestic Arc de Triomphe. The Elysee pays homage to the iconic French monument as its surrounding buildings take inspiration from the townhouses and boulevards that make Paris one of the most famous cities today. Concrete shophouses line the vicinity of The Elysee, as well as offices and other commercial spots giving it the proper ambience of a mini-Parisian neighbourhood.Much like its namesake, The Elysee’s residential units feature living spaces fit for a president. Rooms are spacious and fit for families with 2 to 5 bedroom units available. All units are designed to allow residents to get from one room to another seamlessly. Big windows line where there’s a sight to be appreciated, a benefit worth double its value to renters who are now enjoying spectacular views of the Mekong River.Units are fully-equipped with modern furnishings that fulfil every renter’s wish for a comfortable life. Modern conveniences such as Cable TV and Internet WiFi are also available upon turning the key so as not to trouble tenants of applying for a connection. Additional comforts are also offered through regular services such as housekeeping - a bonus to some, but a much welcome benefit to anyone who appreciates the peace of mind.Being cooked up in a nice apartment all day isn’t the vision of most would-be renters, at least, it shouldn’t be. The Elysee’s comforts extend well beyond its spacious rooms. Renters who are looking to stay active by exercising can find the lifestyle they’re looking for in its well-equipped gym. While those who seek to work out a sweat in a more relaxed fashion can lay back and enjoy company or solace in the steam & sauna.But what is a Parisian-style neighbourhood without the staples of a modern city? Koh Pich island lies to the east of central Phnom Penh and is directly connected to the mainland via four bridges. Being situated right along Koh Pich street, The Elysee’s main road access leads directly into the southern bridge entering a crossroads between the de-facto CBD, Daun Penh, versus the quaint-but-developing area of Chamkarmon. Both areas house the city’s most premier attractions and entertainment spots; The Elysee’s renters never go wrong if they want to experience everything Phnom Penh has to offer.Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.kh

Chroy Changvar district, a peninsula in the northeast of Phnom Penh and parallels the heart of the downtown connected by the Cambodia-China Friendship Bridge and Cambodia-Japan Friendship Bridge. The district is an oasis hemmed by the Tonle Sap and the Mekong River while not being far away from everything else. A regional plan is currently underway within the district to conserve its distinct ecological features; an endeavour to make Chroy Changvar a unique home to content souls.Several large scale projects such as the OCIC satellite city, large borey developments, and high-rise apartments have opened to welcome more residents into the district. And to make the district’s growing population feel at home, many cafes, restaurants, and other commercial endeavours have popped up to cater to their daily needs. In just 10 years, Chroy Changvar has been transformed from a barren piece of land on the outskirts of Phnom Penh into one of the districts experiencing break-neck speeds of developments, far outpacing other suburbs in Phnom Penh.From business elites to academic leaders, Chroy Changvar has slowly been turning into the home of Cambodia’s finest - mainly thanks to the rapid cultivation of urbanization through tourism, commercial & entertainment developments, and most importantly, education.Phnom Penh’s real estate has largely been driven by the demand for high-end residences, particularly in the busy area of Chamkarmon where high-end mix-used skyscrapers dominate the skyline. Chroy Changvar offers a breath of new opportunities for residents and investors looking to expand into other districts and take advantage of Phnom Penh’s dynamic development.The highlights of Chroy Changvar you may want to know☞ the local branded five-star hotel - Soka Hotel;☞ the first theme zoo - Phnom Penh Safari☞ the first Asia’s top entertainment and the largest waterpark destination - Garden City Water Park☞ a 18-hole golf course in the Phnom Penh Garden City☞ the stadium for Southeast Asian Games 2023☞ the modern age malls like the Marko and the Central☞ the best facilities in Phnom Penh, such as the Sunrise Japan Hospital Phnom Penh, Cambodia University of Technology, the Norton University and many more.If these stunning elements promote Chroy Changvar district as a tourist hub of modern Phnom Penh, then serviced residences like Wealth Mansion are necessary for Chroy Changvar to become a choice residence and eventually develop into a business district.About Wealth Mansion The Wealth Mansion project, started in June 2019, occupies the scenic riverside line of Chroy Changvar. This mixed-used development will be crafted into 45-storeys with a height of 166 meters sitting along a well-connected traffic network. It is close to the new Municipal Hall and the Southeast Asian Games venues. Boeung Kak District, Wat Phnom, the Riverside, and other attractions are within the good view of the project.The contractor is China Construction Third Bureau, a state-owned enterprise. All the teams involved are dedicated to ensure the smooth progress of the project supported by capital strength, technical capabilities, and quality control.With its superior location and meticulous design, the Wealth Mansion ensures that every unit is a dream home that is suitable for buyers and renters alike.Ecology on the outside and elegance on the insideThe design of the Wealth Mansion absorbs elements unique to the Chroy Changvar peninsula, such as the pleasant ambiance and the well-preserved ecology. The Wealth Mansion, set to be an innovative architecture with melded benefits of investment and residence, is designed by Rixing Design, the designer of national pavilions of the World Expo.Accordingly, Wealth Mansion’s architects made good use of natural ventilation and lighting with layouts consisting of a verdant facade, water features, central gardens on each floor, and open corridors. The Wealth Mansion is a comfortable dwelling on minimum energy consumption, thanks to the creation of an independent three-dimensional ecology.Wealth Mansion's smart floor plan enables every resident to have a unique life experience for its reasonable layout, aesthetic design and practical functions. The two-bedroom apartment units' design focuses on bedrooms, kitchens and balconies. The master bedroom comes with an en-suite bathroom. Residents can enjoy a more delicate family living atmosphere.Each apartment is fully furnished with modern equipment, appliances, and other fixtures that make moving in a lot easier.The Wealth Mansion also has a ‘worry-free’ service package for its home-buyers, which allows owners to check on the lease, maintenance, and rental collection of their properties in a timely manner.Facilities and servicesYou will not find any lack of luxurious experiences thanks to plentiful first-class facilities provided by Wealth Mansion. There is a massive parking area with 830 parking spaces designed for convenient driving in and out.A 400-sqm state-of-art fitness centre, 1,000-sqm swimming pool, stylish spa centre, restaurant/café, conference room/multi-function hall and more, will certainly give some highlights and a touch of lavishness to one’s day-to-day life. On top of that, comprehensive services, including 24-hour security, super comfortable lounge room at the lobby, concierge service, and home cleaning service, all make your stay easy and peaceful.Branded property service, more income generatedONYX Group is based in Thailand and signed a contract with the developer of the project to operate the first five-star apartment hotel in the district.ONYX Group is a leading company in hotel management with 50 years of business experience across the Asia-Pacific region with its core enterprise in the hospitality industry focusing on world-class efficiency and oriental etiquette.It is a good example of excellent international operations and professional ethics. In its property management sector, it values transparency and consistently works to develop strategic partnerships with owners. It focuses on the needs and concerns of the property owners as a business driving force and path to success. In addition, ONYX's Shama will operate hotel serviced apartments at the Wealth Mansion.About ShamaShama, who has advanced in serviced apartment management, is one of the leading internationally renowned brands that brings unlimited lifestyle to its customers and partners, with businesses in the Asia Pacific region, including Hong Kong, Shanghai, Guangzhou, Hangzhou, Chengdu, Daqing, Bangkok, Thailand, Melbourne, Australia, and Malaysia.Its achievements have been proved by a numbers rewards, such as the best serviced apartment operator in Asia of Asia Hotel Awards 2012-2018, the best serviced apartment operator of High Flyers Award 2017-2018 by <Hong Kong Business>, and the best luxury serviced apartments in China of the 10th World Luxury Hotel Awards 2016 etc.ONYX offers a wide portfolio of hospitality brands, including the market-leading Amari brand of hotels and resorts, Shama serviced apartments and the midscale OZO hotels, design-oriented hotels YOO Collection and Yoo2, and Breeze Spa. With offices in majorpan-Asian cities such as Bangkok, Shanghai and Melbourne, it provides innovative management solutions across Asia Pacific.Ownership of Wealth Mansion’s apartment comes with a “worry-free” property service package, which allows the owner to follow up the lease and maintenance status of the property, and ensures rental income can be claimed in time.The Wealth Mansion is the confident debut of Everhealth International Investment Development Co., Ltd., to engage in real estate in Phnom Penh with its business philosophy of “to standardize, to maximize, to innovate, to lead”. The contractor is the state-owned enterprise, China Construction Third Bureau, who is dedicated to smooth delivery of the project by technical capabilities and quality control.The average sales price of apartments is $2,200/sqm. It is set to be handed over by the end of 2021. The developer provides a 2-year guarantee of a rental return, and property operations carried out by Shama.With a prime location and ambitious planning, Wealth Mansion is a perfect option for a comfortable, luxurious dream home as well as property appreciation and rental profits that should not to be missed.Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.kh