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50 Must-Know FAQs for Real Estate Investors in Cambodia
50 Must-Know FAQs for Real Estate Investors in Cambodia
April 8, 2025, 1:58 a.m.
Are you thinking about investing in Cambodia’s real estate market in 2025?Whether you're a first-time buyer or a seasoned investor, understanding the key aspects of property investment is essential. In this guide, Realestate.com.kh will answer 50 essential questions covering everything from legal regulations and market trends to investment risks and opportunities. Get all the insights you need to make informed decisions and maximize your returns in Cambodia’s growing property sector!1. What is the overall investment environment in Cambodia?Political environment: Cambodia is a politically stable country, currently led by Prime Minister Hun Manet, the son of former Prime Minister Hun Sen, who ruled for 38 years. With a background in Western military and economic education, Hun Manet continues his father’s foreign policies, strengthening ties with China and other international partners while maintaining balanced relations with the West. His leadership focuses on economic growth, improving livelihoods, and enhancing Cambodia’s global standing.Economic growth: Cambodia is among the 10 fastest-growing economies globally. From 2011 to 2019, GDP grew at an impressive 7% annually, outperforming the ASEAN average. Although the COVID-19 pandemic caused a 3.1% decline in 2020, the economy rebounded in 2021 and continues to grow. The World Bank forecasts a 5.5% growth rate for 2025, while the Cambodian government projects an even higher 6.3%.International relations: Cambodia maintains friendly relations with most countries in the world. As a small open economy, open and inclusive regionalism and international economic integration are the strategic policies of the Kingdom. After Prime Minister Hun Manet took office, the momentum of Cambodia's economic diplomacy significantly increased. China is Cambodia's largest trading partner and the largest source of investment. The two countries have also signed the Cambodia-China Free Trade Agreement.Foreign Investment-Friendly Policies: Cambodia offers 100% foreign ownership of enterprises, corporate tax exemptions, a low 20% corporate tax rate, duty-free capital goods imports, and unrestricted capital repatriation. These policies make it an attractive destination for global investors.Foreign Direct Investment (FDI): FDI in Cambodia has surged, particularly in real estate, manufacturing, and agriculture. According to the Ministry of Economy and Finance (MEF), FDI inflows reached $8.1 billion from September 2023 to September 2024, reflecting growing global confidence in Cambodia’s investment potential. This growth reflects the international community’s strong confidence in Cambodia’s improving investment environment and its greatly growing economic potential.Strategic location: Located at the heart of Southeast Asia, Cambodia is a regional trade hub with excellent connectivity. Flights to major ASEAN cities take just 1.5 to 2.5 hours, making it an attractive base for multinational businesses.Free Trade Agreements: Cambodia has signed free trade agreements with many countries and regions, including agreements with China, South Korea, the European Union, and other countries/regions, which help expand market access and promote trade. As of 2023, Cambodia is implementing 10 free trade agreements, including the world's largest free trade agreement Comprehensive Economic Partnership Agreement (RCEP), the most famous of which are the Cambodia-China Free Trade Agreement (CCFTA) and the Cambodia-Korea Free Trade Agreement (CKFTA).Cambodia has gained strong interest from both local and foreign investors due to its stable political environment, strong economic growth, investor-friendly policies, and strategic international relations. Key advantages include rising foreign direct investment (FDI), a prime geographical location, and multiple free trade agreements (FTAs). Additionally, Cambodia benefits from Generalized System of Preferences (GSP) trade privileges, low labor costs, and a young, growing workforce, making it an attractive and competitive investment destination.2. Is Cambodian Real Estate a Good Investment?Investing in Cambodian real estate can be a great opportunity, but it depends on several factors, including your investment goals, location, project choice, market knowledge, and risk tolerance. Cambodia is considered an affordable entry point for overseas investors, offering relatively low property prices and high rental yields, especially in fast-growing areas like Phnom Penh, Siem Reap, and coastal cities. However, like any investment, there are risks. It’s crucial to research the market, understand local laws and regulations, and seek professional advice before making a decision. A well-informed approach can help maximize returns while minimizing potential challenges.3. What are the advantages of real estate investment in Cambodia?Cambodian real estate offers several benefits, including a low investment threshold, affordable property prices, low taxes, and minimal holding costs. Investors also enjoy permanent property rights, US dollar-based transactions, high-quality finishes upon delivery, and international-standard property management. Additionally, Cambodia provides high rental returns and a relatively simple transaction process, making it an attractive option for foreign investors.4. How is Cambodian Real Estate Compare to Other Southeast Asian Countries?Cambodia’s real estate market stands out in Southeast Asia due to its stable political environment, strong economic growth, and openness to foreign investment. Unlike more mature markets, Cambodia offers affordable property prices and high appreciation potential, making it an attractive option for investors. One key advantage is Cambodia’s relaxed foreign ownership laws, which make it easier for international buyers to enter the market. However, compared to more developed Southeast Asian countries, Cambodia’s infrastructure and overall living environment are still improving. Overall, Cambodia presents a high-growth investment opportunity with low entry barriers, but investors should also consider the risks and challenges associated with an emerging market.5. Talk about Cambodia’s demographic dividendCambodia has a young and growing population, which is a key driver of its real estate market. According to the 2019 national census, the country's population exceeded 15.28 million, with Phnom Penh being the most populous city with over 2.12 million residents. Notably, 56% of Cambodia’s population is between 15 and 35 years old, creating a strong and expanding labor force. This rising demand for housing, driven by a young workforce and urban migration, continues to fuel growth in the residential real estate sector.6. Who Should Invest in Cambodian Real Estate?According to Realestate.com.kh, investing in Cambodian property is ideal for individuals with the following goals:Affordable access to USD-based assetsDiversifying risk through international asset allocationEarning passive income through rental propertiesLong-term capital appreciation from property value growthCreating a steady income stream for retirementSecuring permanent ownership that can be passed down to future generationsOwning a property for vacation, retirement, or future relocationWith low entry costs, strong rental yields, and freehold ownership opportunities, Cambodia offers an attractive option for investors looking to expand their portfolio or secure a long-term asset.7. Is It Safe to Invest in Cambodian Real Estate?Investing in Cambodian real estate is generally safe and reliable, but like any investment, it carries some risks. If you're considering buying property, Phnom Penh is the best choice as it is the political, cultural, and economic hub of the country. With a growing population, rapid urban development, and high appreciation potential, the city offers rental returns of 6%-10% per year.For off-plan properties, it's essential to research the developer's background and ensure the land ownership is legally secure. To minimize risks, investors may also opt for ready-to-move-in properties, which offer immediate ownership and rental income potential.8. Is Cambodian Real Estate Appreciating Quickly?Before the COVID-19 pandemic, Cambodia’s real estate market experienced steady growth. In Phnom Penh, home prices increased by an average of 8.7% per year (2010-2019), driven by strong economic growth and rising foreign investment (National Bank of Cambodia).Due to market adjustments post-pandemic, high-end property prices dropped from $2,510 per sqm to around $1,900, making it the most affordable entry point in a decade. Some projects are now priced at 2013 levels, offering a low-cost entry opportunity for investors. With economic recovery, favorable government policies, and increasing international investment, Cambodia’s long-term real estate appreciation remains highly promising.9. What Currency Is Used in Cambodia?The official currency is the Cambodian Riel (KHR), with common denominations of 100, 500, 1,000, 5,000, 10,000, and 50,000 KHR. However, the US dollar (USD) is widely used for daily transactions, and many prices are listed in both Riel and USD. Change is often given in Riel. The exchange rate is generally 1 USD ≈ 4,100 KHR. For large transactions, including real estate purchases, USD is the preferred currency. Since Cambodian real estate is priced and sold in USD, it provides a hedge against foreign exchange risks, making it an attractive option for international investors.10. Can I Use Cryptocurrencies to Buy Property in Cambodia?Yes, some developers in Cambodia accept cryptocurrency payments, but most real estate transactions are still conducted in US dollars. Since Cambodia does not have clear regulations on crypto for property purchases, buyers typically need to convert digital assets into USD through licensed financial institutions. While blockchain and crypto-based real estate transactions are emerging trends, they are not yet widely adopted in Cambodia’s property market. Investors should check with developers and ensure compliance with local financial regulations before using crypto for purchases.11.Which City Should I Invest in for Real Estate in Cambodia?- Phnom Penh: The capital and economic hub, Phnom Penh offers high-growth potential and strong rental demand. With rapidly expanding business districts, luxury apartments, and commercial projects, it is the top choice for investors seeking stable returns and long-term appreciation.- Siem Reap: Known as the gateway to Angkor Wat, Siem Reap is a prime destination for tourism and hospitality investments. The city offers opportunities in hotels, resorts, and short-term rental properties, making it attractive for investors in the tourism and retirement sectors.- Sihanoukville: A fast-growing coastal city, Sihanoukville has seen significant foreign investment, particularly from China. Its real estate market is dominated by resorts, hotels, and beachfront properties, making it ideal for those investing in the tourism and leisure industries.- Other Cities: Emerging investment locations like Kandal, Kampot, Kep, Koh Kong, Poipet, and Bavet offer unique opportunities in agriculture, eco-tourism, and resort development. These cities are gradually gaining attention as Cambodia’s economy expands.12. How to Choose a Location in Phnom Penh for Real Estate Investment?Foreign investors should consider the following factors when selecting a location in Phnom Penh:City Center vs. Suburbs: The city center offers proximity to business districts, government offices, and entertainment hubs, leading to higher property values and rental demand, but also higher investment costs. Suburban areas provide larger living spaces at more affordable prices, but investors should consider urban infrastructure, amenities, and commuting time.Infrastructure & Development Plans: Future road expansions, public transport projects, commercial hubs, and educational institutions can significantly boost property valueSafety & Environmental Quality: Choosing secure and well-maintained communities is essential. Investors should also consider factors like air quality, noise levels, and neighborhood amenities.Market Demand & Rental Potential: Locations near corporate offices, business districts, and tourist attractions generally have higher rental demand and stronger investment returns.Popular Investment Areas in Phnom Penh:Diamond Island: A prime luxury residential and commercial district.BKK1: A prestigious diplomatic and business hub, home to embassies and high-end developments.Tonle Bassac: A popular expat-friendly area with a vibrant community.Russian Market: A lively neighborhood with cafés, restaurants, retail stores, and schools.Makara District: A hotspot for foreign institutions and businesses.Toul Kork: A well-developed area with international schools, shopping malls, cafés, and dining options.Each area offers unique advantages, so investors should align their choice with their budget, rental goals, and long-term investment strategy.13. What Are the Housing Prices in Cambodia?Cambodia offers relatively affordable housing prices compared to other Southeast Asian countries. As of mid-2024, the average condo price in Phnom Penh is around $2,500 per square meter, with an average annual rental yield of 5.3%.For comparison:Bangkok, Thailand: $10,000 per sqm, 4.5% rental yieldHo Chi Minh City, Vietnam: $5,900 per sqm, 4% rental yieldManila, Philippines: $5,300 per sqm, 4.4% rental yieldWith its lower property prices and higher rental returns, Cambodia presents an attractive investment opportunity in the Southeast Asian real estate market.14. What Is the Average Price of Real Estate in Cambodia?Real estate investment in Cambodia is primarily concentrated in Phnom Penh, Siem Reap, and Sihanoukville. According to Realestate.com.kh, the average condo prices in these key cities are as follows:Phnom Penh:       + 1 Bedroom: $79,656       + 2 Bedroom: $123,728       + 3 Bedroom: $312,151- Siem Reap:       + 1 Bedroom: $125,283       + 2 Bedroom: $151,002       + 3 Bedroom: $188,000- Sihanoukville:       + 1 Bedroom: $155,000       + 2 Bedroom: Unavailable       + 3 Bedroom: $253,650Prices vary depending on location, property type, and amenities, with Phnom Penh being the most dynamic market, while Siem Reap and Sihanoukville offer opportunities in tourism-driven investments.15. How Much Does an Apartment in Cambodia Cost?According to Realestate.com.kh, the price of apartments in Cambodia typically average $1,236 per square meter. High-end apartments in central Phnom Penh tend to be more expensive, while those in suburban or secondary areas are more affordable. For example, at an average price of $420 per square meter:- A 50 sqm one-bedroom apartment costs $80,000 - A 80 sqm one-bedroom apartment costs $128,000 Prices vary based on location, amenities, and property type, making Cambodia an attractive market for investors seeking affordable property options.16. How much does a villa in Cambodia cost? The price of villas in Cambodia varies according to factors such as location, building area, and luxury. According to data from Realestate.com.kh, a Cambodian real estate website, the price of ordinary villas in Phnom Penh and surrounding areas is about US$730 to US$1,700 per square meter, and the price of villas in high-end areas is about US $2,250 to US $4,188 per square meter. The price of villas in some other cities in Cambodia is relatively low, for example, the price of villas in Siem Reap is about US$467-$1,604 per square meter.17. Recent Trends in Cambodian Housing PricesIn recent years, Cambodia's real estate market has shown steady growth, particularly in Phnom Penh, where property values have been rising due to foreign investment, urbanization, and a growing middle class. As the country's political, economic, and cultural hub, Phnom Penh continues to attract both local and international buyers, driving housing demand.Despite this overall growth, the market has faced challenges. The slow global economic recovery, geopolitical uncertainties, and financial pressures have put downward pressure on property prices. In some cases, prices have dropped from their peak in 2019, creating a more favorable market for buyers and investment opportunities at lower price points.For example, in 2019, purchasing a pre-sale apartment at $2,500 per square meter often required waiting 3-5 years for completion. Today, for the same price, buyers can acquire ready-to-move-in properties with more options and security.However, real estate markets tend to follow cycles, and after a period of adjustment, prices typically return to an upward trend. With ongoing infrastructure improvements, a free and open economy, and foreign investor-friendly policies, Cambodia’s long-term real estate outlook remains strong. As supply and demand move toward a more balanced market, property values are expected to rise steadily, making it an opportune time for buyers to enter the market prices are expected to rise steadily, and buyers need to seize the opportunity to be in an active position.18. Is Investing in Cambodian Real Estate a High-Return Investment?Cambodian real estate offers competitive rental yields of 6-8% annually, which is higher than in many developed cities. In Phnom Penh, rental prices typically start at $300 per month, while larger apartments in prime locations can command rents exceeding $2,000 per month.To attract investors, some developers offer leaseback programs, such as a 3-year guaranteed rental return of 24%. After the lease period ends, owners can either continue renting out the property or have it professionally managed. However, buyback programs are rare, making long-term rental income the primary investment strategy.19. What Are the Rental Prices in Cambodia?Rental prices in Phnom Penh vary based on location, property type, size, amenities, and furnishing quality. The general price range is as follows:- One-bedroom apartment: $300 - $800- Two-bedroom apartment: $600 - $1,200- Three-bedroom apartment: $900 - $1,800- Three-bedroom villa: $1,500 - $2,500- Four-bedroom+ villa: $2,500 - $6,000According to Realestate.com.kh, the three most popular rental areas in Phnom Penh are BKK1, Toul Kork, and Chamkarmon.20. Overview of Cambodian Property OwnershipCambodia has two main types of property titles: hard titles and soft titles. -Hard Title: A government-issued, state-recognized ownership document, offering the highest level of legal protection.- Soft Title: Issued by local authorities, it is more common but less secure and may be subject to disputes.For foreign buyers, the only available property title is Strata Title, a subcategory of Hard Title. Strata titles apply to condominiums built on land with a hard title, ensuring legal security and ownership rights for foreign investors.21. The difference between hard title and soft title in CambodiaThe key difference between hard title and soft title lies in who issues the ownership certificate and the level of legal protection they provide.Hard Title: Issued by the Land Management and Planning Bureau, a hard title grants full ownership of the land. The owner has the legal right to occupy, use, benefit from, and sell the property with full legal recognition.Soft Title: Issued by the local district or county office, a soft title only grants legal occupancy, not full ownership. It is not considered sufficient proof of ownership, which means in cases of dispute, a hard title holder will have stronger legal standing and ultimately retain ownership.22. What is the property ownership duration in Cambodia?Property ownership in Cambodia is generally permanent and can be passed down to future generations. However, Cambodia also offers long-term leasehold ownership, typically lasting 50, 70, or 99 years. Buyers should confirm the ownership type with the developer before purchasing a property.23. How does Cambodia verify the authenticity of property titles?There are two primary ways to verify the authenticity of a hard title:Enter the hard title certificate number in the official property registration system.Scan the QR code attached to the hard title certificate.For official verification, visit the Ministry of Land Management, Urban Planning, and Construction of Cambodia: https://mlmupc.gov.kh/Additionally, Realestate.com.kh recommends conducting thorough due diligence, including:Checking the land’s ownership history and previous transactions.Ensuring all title transfers followed legal procedures.Verifying that property taxes have been paid on time.Speaking with previous landowners, neighbors, and relevant stakeholders to gather more insights.A careful verification process helps buyers avoid potential disputes and ensure legal ownership.24. How to choose a developer when buying property in Cambodia?Selecting a reliable developer is crucial to ensuring a safe and successful investment. Here are key factors to consider:- Track Record & Reputation: Choose developers with a proven history of successful projects, strong customer feedback, and a reputation for quality construction and on-time delivery.- Developer Credentials: Verify essential documents, including the business license, construction permit, property ownership certificate, and tax records, to ensure the project is legally approved.- Financial Stability: A financially strong developer is more likely to complete the project on schedule and maintain high-quality standards. Check the sales progress of the project, as steady sales indicate sufficient funding for completion.- Credibility Checks: Research developer reviews on social media, industry reports, and customer testimonials to gain further insights into their reliability.In addition, there are many ways to evaluate the credibility of developers, such as social platform reviews, industry reviews, and customer recommendations.25. How to choose the right real estate agent in Cambodia?Choosing a reliable real estate agent is just as important as selecting the right property. Realestate.com.kh recommends prioritizing agencies that have been established for a long time and have a strong presence in the market, as they tend to be more experienced, stable, and reputable. A good agent should also have access to a diverse range of properties, which reflects their market activity and ability to secure listings. It is advisable to choose an agent with a physical office in Cambodia, as this indicates a deep understanding of the local market, stable business operations, and accessibility for face-to-face consultations. Additionally, working with an agent who offers comprehensive services, such as legal assistance, financial consulting, property management, and after-sales support, can greatly simplify the buying process and provide a seamless investment experience. 26. Types of Real Estate in CambodiaCambodia offers various types of properties, including apartments, terraced houses, shophouses, townhouses, double villas, and single-family villas. Among these, apartments are the most popular choice for foreigners, as they are the easiest type of property to purchase. Many long-term foreign residents, however, prefer villas for their spaciousness and privacy.27. What Kind of Homes Do Cambodian Locals Prefer?Cambodian locals typically prefer shophouses and villas. Shophouses combine residential and commercial space, with the ground floor used for businesses such as shops or restaurants, while the upper floors serve as living quarters. These are ideal for families who want to run a business close to home. Villas, on the other hand, are seen as a traditional and high-end housing choice, especially among middle-class and wealthy families. Villas offer larger living spaces, and privacy, and often include a yard or garden, making them suitable for larger families. With the growing apartment market, more young Cambodian buyers are now investing in apartments, particularly in urban areas.28. How Can Foreigners Buy Property in Cambodia?Buying property in Cambodia is relatively simple for foreigners. To purchase a strata-title apartment, foreigners only need to provide a passport, and there are no major purchase restrictions. Most real estate agents and developers assist with the necessary paperwork, and many have Chinese-speaking staff, eliminating concerns about language barriers or complex procedures. However, Cambodian law prohibits foreigners from owning land, meaning properties such as townhouses or villas require alternative ownership methods. The most common solution is purchasing through a trust, where the property is registered under a trust company, but ownership rights remain with the buyer.29. How Do Foreigners Buy Apartments in Cambodia?Foreigners can easily purchase apartments and obtain permanent ownership. According to Cambodian regulations, foreign ownership is allowed for up to 70% of a condominium building. Investors with higher budgets can even purchase an entire floor in a development.30. How Do Foreigners Buy Villas in Cambodia?Since foreigners cannot directly own land, they must use alternative methods to purchase villas. Common options include buying through a trust, holding ownership through a local spouse or partner, or establishing a Cambodian-registered company to legally acquire the property.31. What are the available payment options when buying a house in Cambodia?When purchasing property in Cambodia, several payment options are available:Monthly Installments: Commonly used for under-construction properties, this method requires an initial deposit and down payment, with the remaining balance paid in fixed monthly installments. This makes payments more manageable for buyers and ensures steady cash flow for developers.Progress Installments: Similar to monthly installments, but payments are made in stages, tied to the construction progress. This provides added security to buyers, as they pay only for completed work.Full Payment: This option involves paying the entire amount upfront, making it a straightforward choice for buying completed properties like second-hand homes or new apartments. This method can sometimes secure better pricing.Housing Loans: Loans with interest rates between 7% and 10% are available, with terms of up to 20 years. Foreigners can apply, but they must meet specific requirements, including a valid passport, visa, and proof of stable income.32. How to open a bank account in Cambodia?Opening a bank account in Cambodia is straightforward for foreigners. You will need a valid passport, visa, and a minimum deposit (the amount may vary depending on the bank). Some banks may also request additional documents, such as proof of employment, a business license, or a local phone number. The process is generally quick, and in most cases, you can receive your account and card on the same day.33. Can foreigners get loans to buy property in Cambodia?Yes, foreigners can apply for housing loans in Cambodia, but the process is slightly more restrictive than for locals. The two main options are bank loans and developer financing. To qualify for a loan, applicants must provide:Proof of income, which is a key factor in loan approval.A good credit history, work experience, and valid identification.Collateral (if required), such as a hard title property.34. What is the process of buying a house in Cambodia?The process of purchasing a new property in Cambodia typically follows these steps:View properties and select a home that meets your needs.Pay a deposit (usually $2,000 - $3,000) to reserve the unit.Make a down payment, typically 30% - 50% of the total price.Sign a sales contract that outlines all purchase terms, including price, payment method, and delivery timeline.Pay the remaining balance according to the agreed payment schedule.Transfer ownership to complete the transaction.Most of these steps are handled by real estate agents and developers, making the process smoother for buyers.35. What is the process for transferring property ownership in Cambodia?Transferring property ownership in Cambodia involves several key legal steps:Sign a sales contract, which details the terms of the transaction, including the price, payment method, and transfer date.Pay necessary taxes and fees, such as stamp duty and value-added tax (VAT).Prepare the required documents, including identification, property certificates, and the sales agreement.Register the transfer at the Land Administration Bureau, where officials will review the documents and finalize the transfer.Once all formalities are completed, you will receive the new property title certificate, confirming the buyer's legal ownership.36. What taxes do you pay when buying property in Cambodia?Cambodia imposes several property taxes on property transactions:Transfer Tax (Stamp Duty): 4% of the property value, payable upon transfer of ownership.Annual Property Tax (ToIP): 0.1% annually, based on the assessed value of the property.Unused Land Tax: 2% annually, applied to undeveloped land to prevent speculation.Rental Income Tax: 10% - 14% of rental incomeCapital Gains Tax (CGT): 20% on profits from property sales, deferred until 2025.Moreover, Those who buy homes or apartments in residential communities before 2025 and finish the property transfer or registration process for the first time in 2025, and whose purchase value is less than or equal to US $210,000, will not be required to pay stamp duty, according to the most recent 2025 Tax Incentives.37. What are the potential income streams from real estate in Cambodia?Investing in real estate in Cambodia offers several opportunities to generate income, including:Rental Income: Many international buyers invest in Cambodian real estate primarily to earn income by renting out their properties.Capital Appreciation: As the market grows, the value of properties may increase over time, allowing investors to sell at a profit when the market conditions improve.Property Renovation: Another strategy is purchasing properties that require renovation, making improvements to increase their value, and then selling or renting them at a higher price.Land Investment: Investing in land and holding onto it as the surrounding area develops can also be a profitable strategy, as the land's value may rise over time.38. How can property owners generate rental income in Cambodia?There are several ways to rent out property in Cambodia:Free Rental Listings: You can post rental information on social media platforms like Facebook, or other local rental websites like realestate.com.kh to attract tenants.Short-Term Rentals: List your property on short-term rental platforms such as Airbnb, Booking.com, and Agoda, to reach travelers looking for temporary accommodation.Long-Term Business Rentals: This model targets tenants such as foreign investors and local professionals who are in Cambodia for business opportunities. To save time and effort, property owners can choose to work with a property management company or trustee to handle the rental process on their behalf.39. How does property management work in Cambodia?The property management industry in Cambodia is growing alongside the country’s real estate market, particularly in major cities like Phnom Penh, where services are becoming more professional and organized. Property management services typically include lobby reception, cleaning, property maintenance, security monitoring, and rental management. While service quality can vary between companies, international investment and increasing market demand are helping improve both the standards and efficiency of property management services.40. How much does property management cost in Cambodia?The property management fee for apartments in Cambodia generally ranges from $0.50 to $1.80 per square meter per month. Most apartment projects charge around $1 per square meter, with the highest fees reaching $2 per square meter. For villas, the management fee is often free or a fixed amount, typically around $40 per month.41. How are properties delivered in Cambodia?In Cambodia, most properties are delivered with basic or fine decoration, but the delivery standards can vary depending on the developer's plans and the project’s positioning. The terms agreed upon in the purchase contract also play a role in determining the delivery details. Some developers offer basic decoration, while others may include soft decoration (such as furniture and appliances). In certain cases, the properties are fully equipped with luxury brand furniture and appliances, allowing buyers to move in with just their luggage. Although there is no standardized approach, the general practice in Cambodia is to offer basic decoration as part of the property delivery.42. Is it difficult to maintain a house in Cambodia? How much does it cost every year?The cost of maintaining a house in Cambodia is generally not too high. The basic taxes and fees that need to be paid each year include: property tax, property management fees, water, electricity, internet fee, garbage fees, parking fees, etc.Property Tax: 0.1% of the property value, payable every year before September 30.Property Management Fees: Usually around $1 per square meter per month, calculated based on the building area.Water Fees: Approximately 1,000 Riel per cubic meter.Electricity Fees: Around 1,000 Riel per kWh.Internet Costs: Ranges from $20 to $60 per month, depending on the service plan and provider.Trash Collection Fees: Typically only a few dollars per month.Parking Fees: Motorcycle parking costs about $10 per month, while car parking can cost around $50 per month.Overall, the annual maintenance costs for a house in Cambodia are relatively affordable compared to many other countries.43. How can I take care of my property after buying it in Cambodia?After purchasing a property in Cambodia, you have several options for managing it. If you plan to rent out the property, you can earn rental income. For those who do not reside in Cambodia full-time, hiring a local property management company can be a smart choice. These companies can handle the day-to-day management and maintenance, including leasing, repairs, cleaning, and other essential tasks, ensuring that your property is well-maintained and generating income without requiring your constant presence.44. Is the second-hand housing market growing in Cambodia?While Cambodia is currently experiencing a boom in new home construction with many choices and easy payment options, the market for second-hand homes remains stable, particularly in prime locations. Although most buyers tend to prioritize new homes, well-maintained second-hand properties in key areas can retain their value and perform relatively well even when the overall market fluctuates. For buyers who value location, mature communities, and the ability to move in immediately, second-hand homes remain a very attractive option.45. What factors should I keep in mind when purchasing a home in Cambodia?When buying property in Cambodia, there are several important factors to consider:Property Rights and Legal Issues: It’s essential to understand Cambodia's real estate laws, especially regarding foreign ownership. Ensure that the property’s legal status is clear and undisputed and that the transaction is carried out through legal channels.Market Research: Conduct thorough market research to grasp the supply and demand dynamics, price trends, and any factors that could influence property values.Choose a Reputable Developer: Check the developer’s background and reputation, verify the construction quality, and ensure the property complies with building codes and safety standards.Location: Consider the area’s development potential, infrastructure, and accessibility. A location with strong growth prospects and future value increases is a goodInvestment.On-site Visit: Don’t just follow trends—make sure the project aligns with your budget and goals. It’s important to visit the property and evaluate it in person before making a decision.Professional Consultation: Hiring local real estate agents, lawyers, and financial advisors can help you navigate the legal and financial complexities of the buying process and ensure you make well-informed decisions.Professional consultation: Consider hiring a local real estate agent, attorney, and financial advisor to help you make informed decisions throughout the home-buying process and handle the legal and financial aspects of the process.46. What Are the Main Transportation Options in Cambodia?Cambodia offers several transportation options, including tuk-tuks, motorbike taxis, buses, and private cars. In Phnom Penh and other cities, ride-hailing apps like Grab are also commonly used. For longer distances, trains and domestic flights are available, with increasing infrastructure development to improve connectivity.47. What Currency Is Used in Cambodia?The official currency of Cambodia is the Riel (KHR), but the US dollar is widely accepted and used for most transactions, especially in urban areas and for large purchases. Many prices are quoted in US dollars, and change is typically given in Riel.48. When Is the New Airport Opening, and What Does It Mean for Foreigners?The new Techo International Airport is expected to open this July (2025) and will significantly improve connectivity with international markets. For foreigners, the new airport offers better travel convenience, direct international flights, and increased investment opportunities due to enhanced access to Cambodia. It will also help attract more tourists and business investments, benefiting the real estate and hospitality sectors.49. How to apply for a visa to Cambodia?Applying for a visa to Cambodia is convenient, with three main options:Visa on Arrival: Apply directly at the international airport or border crossing. You’ll need a valid passport and photo. The fee is typically $30-$35Electronic Visa: Apply online through the official website evisa.gov.kh. Fill in the required information, pay the fee, and receive your visa by email after about 3 days. The visa is typically valid for 3 months with a 30-day stay. eVisa is also available for tourist and business visas, and the processing time for most eVisa applications is around 3 business days.Visa from an Embassy or Consulate: This option is ideal for those needing a longer stay in Cambodia.50. What are the top real estate developments available in Cambodia in 2025?In 2025, some of the key real estate projects available for sale in Cambodia include: Le Conde BKK1, J Tower 3, Times Square 7, Times Square 8, Diamond Bay Garden, Picasso 2, Wealth Mansion, La Vista One, Odom, The Pinnacle Residence, R&F Miro City, Urban Village Phase II, Royal Platinum Apartment, Anata Residence, Residence H, Bingfa City, Rose Apple Square, and more.If you want to know more about the real estate landscape in Cambodia, feel free to contact us, the top real estate company in Cambodia via-📞+855 92 92 1000📧 info@realestate.com.kh
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Realestate.com.kh Partners with SM Global to Forge Strategic Partnership in Cambodia
February 17, 2025, 6:56 a.m.
Phnom Penh, February 13, 2025. Realestate.com.kh has partnered with SM Global to offer a strategic alliance to foster investment confidence in the Cambodian property sector in an exciting collaboration for the Cambodian real estate sector.The MoU signing ceremony, held alongside the grand opening of the SM Global Center, marked a significant milestone in SM Global's long-term vision for the next decade. This event formalized key partnerships that will further strengthen investment channels and trust services within the Kingdom.H.E. Ney Sakal, Deputy Director General of the Trust Regulator, emphasized the evolving nature of Cambodia’s trust sector, stating:"While public awareness of trust services in Cambodia is still emerging, the concept has existed since 2008. However, many still lack a clear understanding of what trust management entails. The MoUs signed between SM Global and its partners will be vital in promoting trust services and increasing awareness of this sector in Cambodia." What Does The MoU Between SM Global and Realestate.com.kh Mean?Korean businesses and individuals continually seek to explore investment opportunities in Cambodia and real estate is a key focus area. The strong economic ties between Cambodia and South Korea have facilitated growing investments, particularly in residential properties, commercial developments, and trust-based real estate ownership."One of the key sectors attracting foreign investors is trust services. By partnering with Realestate.com.kh, we aim to educate real estate brokers and firms on the benefits and applications of trust structures," said Paul S. W. Yang, Director of SM Global Group. "We will also work together to provide trust and consulting services to partners and clients."As part of the agreement, both parties will continue to prioritise professionalism, transparency, and trust-building to improve confidence among buyers and sustain international investment in the local market.SM Global’s clientele and Korean investors can rely on Realestate.com.kh to access the latest and most accurate information for the local market in helping them make investment choices, whether looking for residential, commercial, or land investments.A key component of the partnership includes SM Global hosting regular seminars to educate clients on available financial and business services to provide enhanced value to their clientele.Korean Investment in CambodiaTom O'Sullivan, CEO of Realestate.com.kh said at the signing ceremony, “The long-term belief in Cambodia’s real estate market remains strong.  In the past 5 years, over US 1.7 billion dollars have been invested in Cambodia via a Trust and  90 per cent of this has been in real estate. This bounce in the market isn’t happening alone, It’s part of the bigger picture of growth in Cambodia, with the economy expected to grow over 5 percent in 2025.”Realestate.com.kh has previously signed an MoU with the Korean Chamber of Commerce in the face of rising interest in the domestic market and to promote and facilitate Korean investment in Cambodia’s real estate sector.There has been an increase in Korean interest in the Cambodian real estate market due to the Kingdom's economic growth, and strategic location in Southeast Asia which make the Southeast Asian nation an attractive destination for foreign investors. Growing Interest in Land Ownership via TrustsOne notable trend among Korean investors is the increasing interest in owning land in Cambodia through trusts. A Trust is one of the mechanisms to help investors manage their assets and a way of holding and managing property, whereby the person setting up the trust (called the grantor, settlor, or trustor) transfers property to a trustee, who manages the property for the benefit of others (called beneficiaries).Cambodia's Law on Trust was enacted in 2019 followed by the establishment of the Trust Regulator in 2021. The trust market by October 2024 had a total value of approximately US $1.7 billion and real estate and property-related trusts account for a majority of commercial trusts.A Promising Future for Cambodia’s Real Estate MarketThis partnership between Realestate.com.kh and SM Global marks just the beginning of a broader collaboration aimed at enhancing investment opportunities and knowledge-sharing. With growing interest from foreign investors, particularly in trust-based property ownership, Cambodia’s real estate sector is poised for sustained growth in the years ahead.Realestate.com.kh remains committed to serving as a bridge between Korean investors and Cambodia’s property market, ensuring that both sides benefit from this expanding economic relationship.--If you want to understand more about Trust, contact our expert via-Phone: +855 92 92 1000Email: info@realestate.com.kh For agents and agencies wanting more informationPhone: +855 78 65 32 26Email: phany.chuon@realestate.com.kh
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Set to open in July 2025: Techo International Airport Nears Completion for Phase 1
February 11, 2025, 9:31 a.m.
Cambodia’s infrastructure development is reaching a new milestone with the Techo International Airport (TIA), a $1.339 billion mega-project that is now 92% complete as of December 2024. This new airport, which is scheduled for a formal inauguration in July 2025, is expected to completely transform Cambodia's aviation industry and have a big impact on both air travel and the local real estate market in and around Phnom Penh.(Rendered image of the new Techo International Airport)Located 19 kilometers south of Phnom Penh in Kandal province, TIA spans 2,600 hectares and is being developed in three phases:Phase 1 (2025) – A 4-kilometer runway capable of handling Code 4F aircraft with a passenger capacity of 15 million annually.Phase 2 (2040) – Expansion to 30 million passengers per year, improving connectivity and operational efficiency.Phase 3 (2050) – Full completion, boosting capacity to 45 million passengers annually, placing Cambodia among the region’s key air transport hubs.Once fully operational, TIA is expected to replace Phnom Penh International Airport (PNH) as the country’s primary gateway for international travelers.How TIA Will Impact Cambodia’s Real Estate MarketWith the completion of TIA, Cambodia’s real estate sector is poised for transformative growth, particularly in Kandal province and southern Phnom Penh. (Techo International Airport construction update)The new airport’s location in Kandal will drive real estate appreciation, especially in Takhmao, Sa’ang, and Kien Svay. As history has shown in other cities worldwide, major airport projects tend to boost property values in surrounding areas. Key factors contributing to this growth include the increasing demand for residential and commercial developments near the airport, the rising investment opportunities to support the construction of infrastructure like highways, rail links, and commercial hubs, and how the logistics and industrial zones will benefit from enhanced connectivity.Property developers have already started acquiring land in the vicinity, anticipating the airport’s economic impact. Real estate developers have already begun purchasing land nearby in anticipation of the airport's economic impact. Given that Kandal province offers more reasonably priced real estate than Phnom Penh, investors seeking long-term capital appreciation are anticipated to turn their attention there.TIA’s development is not just about passenger flights; it is also expected to drive the growth of Cambodia’s logistics and air cargo sector. The establishment of freight-handling zones, warehouses, and e-commerce fulfillment centers will create demand for commercial land like warehouses, factories, and office spaces, Industrial parks to support businesses engaged in import/export, and retail developments catering to airport staff, travelers, and nearby residents. This will directly increase land value and commercial property demand, particularly in areas adjacent to the airport. (Techo International Airport construction update)Furthermore, Cambodia’s tourism industry has long been a major driver of the real estate sector, particularly in hospitality, serviced apartments, and rental properties. The completion of TIA is expected to increase international arrivals, strengthening demand for hotels, resorts, and guesthouses in Phnom Penh and surrounding areas, serviced apartments and condominiums catering to expatriates and business travelers, as well as short-term rental properties like Airbnb-style accommodations for transit passengers.In 2019, Cambodia welcomed 6.61 million international visitors, with 3.71 million arriving by air. The COVID-19 pandemic led to a significant decline in tourism, with arrivals dropping to 1.31 million in 2020 (-80.2%) and further to 0.20 million in 2021 (-85.0%). A strong recovery began, with international arrivals surging to 2.28 million, a remarkable 1,059% increase from 2021. Then, In 2023, the upward trend continued, with 5.43 million arrivals, representing a 139.5% growth compared to 2022.Post-pandemic tourism is recovering rapidly, with 5.37 million international arrivals from January to October 2024, an increase of 22% compared to 2023 (according to the Ministry of Tourism). With TIA’s opening, these numbers are expected to surpass pre-pandemic levels, further fueling demand for hospitality real estate, and solidifying Cambodia's position as a premier tourist destination in Southeast Asia.One more thing, the Cambodian government is heavily investing in infrastructure projects that will support TIA’s connectivity, including new expressways linking TIA to Phnom Penh, improving accessibility, railway extensions that facilitate passenger and cargo transport, and many smart city initiatives, promoting sustainable urban development near the airport. For instance, for better transit to the new airport, the government has constructed the new overpass at the Kbal Thnal area of Phnom Penh, commonly known as Kbal Thnal Bridge, connecting Samdech Techo Hun Sen Blvd (60m Street) and Monivong Blvd. Ground was broken for the overpass in 2022 and the project is expected to finish in 2025. The flyover, consisting of two tiers, is costing more than $36 million, and is expected to support TIA’s connectivity, easing congestion.  (Kbal Thnal Sky Bridge pictures taken by KiloTRAVEL)Beyond TIA, Cambodia’s aviation sector is experiencing rapid growth, with new international routes being established. Siem Reap-Angkor International Airport (SAI), which opened in late 2023, will receive direct flights from India’s IndiGo Airlines starting February 2025, operating three times weekly between Kolkata and Siem Reap. Cambodia Angkor Air has also expanded operations, running four weekly flights to India since mid-2024, further enhancing connectivity.Final Thoughts: What This Means for Real Estate InvestorsThe completion of Techo International Airport marks the beginning of a new era for Cambodia’s real estate sector. Investors, developers, and homebuyers should take note of the following key trends:Land and property values in Kandal province will be appreciated significantly.Commercial and industrial zones will emerge as major investment hotspots.Tourism-driven real estate (hotels, serviced apartments) will experience higher demand.Infrastructure projects will enhance accessibility, further driving urban expansion.For those considering real estate investment in Cambodia, now is the ideal time to explore opportunities in and around TIA’s location. As Cambodia continues its trajectory toward becoming a regional economic hub, the real estate sector will remain one of the biggest beneficiaries of this transformation.-------------To learn more about property surrounding the new Techo International Airport, Contact our experts via- 📞+855 92 92 1000📧 info@realestate.com.kh
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Owning property via a trust in Cambodia: How does it work?
March 3, 2025, 9:21 a.m.
Trust services are special financial, legal, and management solutions that help protect, manage, and distribute assets for individuals, families, and organizations. In Cambodia, a property trust allows you to transfer ownership of a property to a trustee, who will manage it on behalf of the beneficiary or beneficiaries.The introduction of the Trust Law in 2019 marked a significant shift, enabling foreigners to own land through trust structures. This law allows foreign investors to appoint a licensed trustee to hold legal title to the property while the investor retains beneficial ownership, ensuring compliance with Cambodian laws and providing a transparent and secure investment mechanism.In the last five years, (as of the 20th of Feb 2025), over $1.7 billion has been invested in Cambodia through trusts, with 90% of that going into real estate. This growth is part of Cambodia’s overall economic development, with the economy expected to grow by more than 5% in 2025.Trust ServiceA property trust offers foreign investors a practical solution for investing in and owning property in Cambodia. By appointing a trust company, investors can hold and manage their assets under a commercial trust. The trust company assumes the responsibility of holding the property on behalf of the client, ensuring that the property is managed and maintained in line with the investor's best interests. This arrangement provides a secure and legally compliant way for foreigners to own property in Cambodia, while the trust company oversees the management and protection of the asset.In Step 1 of the property purchase process, the required documents vary depending on whether the buyer is an individual or a business. For individuals, a copy of the Hard Title Document, along with the ID or passport of both the landowner and the buyer, is needed. Additionally, the bank account number and the property location should be provided. For businesses, the required documents include the Memorandum and Articles of Association, Board of Directors or shareholder IDs, Patent Tax, and Tax Registration Certification. An authorization letter and a business license (if applicable) are also necessary to complete the process.Payment StructureThe "Due Diligence Service" is an essential step provided to clients before property acquisition. This service ensures that the property being considered is in good legal and physical condition and is not located within any restricted or non-compliant zoning areas.It includes a thorough examination of the property's ownership history, checking for any existing disputes, that may affect the transaction, verifying the property’s legal status, and confirming that all relevant permits, tax payments, and documentation are up to date. Note: This is a one-time fee that you pay only at the start of the process.This is an ongoing fee that is paid regularly, usually monthly or annually, to cover continuous services such as property management, maintenance, or other long-term costs associated with the property. This fee ensures that the property is well-managed and maintained throughout the entire process. How will this work? Who can be a trustee?In Cambodia, establishing a trust involves selecting a qualified trustee registered with the Trust Regulator and holding a valid trustee certification. Under the Law on Trusts 2019, trustees can be either legal entities or independent individual trustees. The Trust Establishment and Registration Process involves a series of steps to create and officially register a trust in Cambodia. This process ensures that the trust is legally recognized and that the property or assets are properly managed on behalf of the beneficiary. It includes appointing a trusted company, completing the necessary documentation, and adhering to legal requirements to ensure compliance and secure ownership.In short, Cambodia's Trust Law has significantly reshaped the investment landscape by providing a legal framework that facilitates foreign participation in real estate ownership. By allowing foreigners to establish trusts that comply with local laws while retaining beneficial ownership rights, Cambodia has positioned itself as an attractive destination for international investors seeking growth opportunities.As more investors recognize the benefits of utilizing trusts for property investments, it is expected that Cambodia will continue to see growth in its real estate sector alongside broader economic development initiatives.—--------------To learn more about Cambodia Trust law, Contact our experts via- 📞+855 92 92 1000📧 info@realestate.com.kh
Norea City: Phnom Penh's New Favorite Area
Norea City: Phnom Penh's New Favorite Area
February 10, 2025, 9:35 a.m.
Norea City, situated east of Koh Pich (Diamond Island) along the Tonle Mekong River, is rapidly emerging as a key development zone in Phnom Penh. Connected to the city via Koh Pich and Preah Norodom Boulevard, it boasts excellent accessibility, with close proximity to Chbar Ampov and major roads like National Road 2. Surrounded by landmarks such as The Ground Market and Borey Peng Hout, Norea City is becoming a vibrant hub for both residential and commercial development. Developed by Overseas Cambodia Investment Corporation (OCIC) and initiated in 2018, the area has seen significant progress in transforming into a vibrant urban hub. A new bridge linking Norea City to Koh Pich aims to enhance accessibility and boost the value of both areas.The ambitious master plan for Norea City includes residential, commercial, and recreational spaces, along with green areas like parks and riverside promenades. Key facilities such as shopping centers, entertainment hubs, and schools are also planned, making it a self-sufficient urban hub.This bridge connection is a major milestone, strengthening transportation and economic ties while attracting businesses and investments. Norea City is set to play a pivotal role in Phnom Penh’s urban expansion.Diamond Bay Garden: A Jewel in the Koh Norea LandscapeAmong the upcoming projects in Norea City, Diamond Bay Garden, which belongs to the OCIC group, stands out as a visionary development. This luxurious residential project is designed to complement the natural beauty of the riverside while offering a modern urban lifestyle. With a focus on spacious living, elegant design, and premium amenities, Diamond Bay Garden is poised to become a landmark in Norea City, with prices starting at $1600 per square meter.Its strategic location just steps from the proposed bridge, positions Diamond Bay Garden as a gateway to both Norea City and Koh Pich. Whether it’s the vibrant energy of Koh Pich’s nightlife or the serene charm of Koh Norea’s riverside, residents of Diamond Bay Garden will enjoy the best of both worlds.Why Norea City and Diamond Bay Garden Are Worth Your AttentionNorea City, with its expanding array of pubs, shops, cafes, and social spaces, has rapidly transformed into a vibrant destination that significantly boosts the Diamond Bay project’s success. Its development and growing popularity align seamlessly with Diamond Bay’s vision of a modern, dynamic urban lifestyle, making the area increasingly appealing to both residents and investors.The new bridge connecting Norea City to Diamond Bay further highlights the importance of this area, improving accessibility and fostering economic growth. Koh Norea’s thriving activity not only attracts businesses and investment but also creates opportunities for future developments, solidifying Diamond Bay as a prime location for living, working, and leisure. Together, these developments ensure a connected, vibrant, and flourishing community.
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Real Estate Insurance in Cambodia: What You Need to Know in 2025
January 22, 2025, 8:42 a.m.
As of January 2025, the real estate market in Cambodia is undergoing significant changes, influenced by various government initiatives and market dynamics. In this update, Realestate.com.kh will focus on the current state of real estate insurance, and common examples of policies available, and highlights the role of online platforms as resources for navigating the property market.The Importance of Real Estate InsuranceReal estate insurance is crucial for protecting property owners and investors from potential risks such as fire, theft, natural disasters, and liability claims. In Cambodia, the insurance sector has been steadily growing, with an impressive average annual growth rate of approximately 25% over the last decade (Cambodian Insurance Association, 2025). The Cambodian government's strategic focus on strengthening the regulatory system has been crucial, regardless of its early stage in comparison to its regional rivals. The country aims to achieve a 5.5% insurance penetration rate by 2030 according to the Ministry of Economy and Finance which reflects its commitment to fostering an inclusive and robust insurance market.Common Types of Real Estate Insurance PoliciesThe insurance policies available in Cambodia cater to a wide range of needs, ensuring both residential and commercial property owners can find suitable coverage. These include:Property InsuranceProperty insurance in Cambodia is a cornerstone of real estate protection, offering coverage against damages caused by fire, natural disasters, and vandalism. For example, a mid-sized residential property in Phnom Penh valued at $120,000 can secure property insurance for approximately $300 to $400 annually, depending on the level of coverage. Such policies often include optional add-ons like temporary relocation expenses if the property becomes uninhabitable due to covered damages. With increasing urbanization, the demand for comprehensive property insurance is projected to grow significantly, supported by rising awareness among property owners.Liability InsuranceLiability insurance provides financial protection for property owners against claims related to injuries or damages occurring on their premises. For instance, a commercial property owner might face a legal claim if a visitor slips and falls. Policies typically cover legal fees, medical costs, and potential settlements. The average premium for liability insurance for a small commercial property starts at around $200 annually, making it a crucial safeguard for both residential and commercial property owners.Landlord InsuranceDesigned specifically for rental property owners, landlord insurance protects against tenant-related risks such as unpaid rent, property damage caused by tenants, and loss of rental income due to unforeseen events. For example, a landlord renting a two-bedroom apartment in Siem Reap can pay premiums ranging from $350 to $500 annually for coverage that includes legal expenses for eviction and damage repairs. These policies provide landlords with peace of mind, ensuring their investment remains secure even under challenging circumstances.Title InsuranceTitle insurance protects property owners from financial losses caused by defects in property titles, such as fraudulent claims, liens, or encumbrances. For example, a property buyer in Phnom Penh purchasing land worth $80,000 may pay a one-time premium of $500 to $700 for title insurance, which ensures protection against future disputes over ownership. This coverage is particularly important in Cambodia, where land ownership records have historically faced challenges in accuracy and transparency.Construction InsuranceConstruction insurance is tailored for developers and contractors, covering risks during the building phase, such as accidental damages, equipment theft, or on-site injuries. For instance, a developer working on a residential complex can expect to pay 1-3% of the project’s total cost as an annual premium for comprehensive construction coverage. This type of insurance not only protects the project but also ensures compliance with safety standards and contractual obligations.Government Initiatives Supporting Real EstateIn 2025, the Cambodian government has introduced several measures to stimulate the real estate market:Tax Exemptions: Property transfer taxes have been waived for residential properties valued under $70,000 until the end of 2025. Additionally, first-time homebuyers purchasing properties under $210,000 are exempt from stamp duties.Debt Restructuring Initiatives: Programs have been established to assist homebuyers with smoother repayment processes, enhancing liquidity for developers.Digital Services for Land Management: A new online platform has been launched to streamline land transactions and improve transparency in property dealings.These initiatives aim to create a more favorable environment for both buyers and investors in the real estate sector.Role of Digital Platforms in the Real Estate MarketOnline platforms play a pivotal role in Cambodia’s real estate landscape, providing tools and resources that simplify property transactions and investment decisions. Among these platforms, Realestate.com.kh stands out as a prominent player, offering:Comprehensive Listings: Users can explore a wide range of properties, from residential to commercial spaces, with detailed descriptions and pricing information.Market Insights: Realestate.com.kh publishes regular updates on real estate trends, legal frameworks, and investment opportunities, aiding informed decision-making. Networking Opportunities: Events such as expos and webinars hosted by the platform connect investors, developers, and buyers, fostering growth and collaboration in the real estate sector.By centralizing information and facilitating transparent dealings, platforms like Realestate.com.kh are invaluable for navigating Cambodia’s evolving property market.In short, Cambodia’s real estate insurance landscape in 2025 is shaped by dynamic government policies, innovative insurance products, and the growing influence of digital platforms. Property owners, investors, and insurance face both possibilities and problems as a result of the insurance industry's development and strong governmental support. Stakeholders are in a strong position to handle the changing Cambodian real estate market as transparency increases and customized solutions become more widely available.----------Are you interested in buying property in Cambodia and want to know more about the insurance policy here? Contact our experts via: 📞+855 92 92 1000📧 info@realestate.com.kh
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Time Square 7 and Time Square 8: The Secret Behind Its Rapid Sell-Out – Affordable Luxury at Its Best
January 21, 2025, 9:26 a.m.
Time Square 7 and Time Square 8 condo projects have taken the market by storm, selling out in record time and leaving many wondering what drove their remarkable success. Situated in a prime location and offering a blend of modern living and affordability, this project has captured the attention of homebuyers and investors alike.But what truly made TS7 & TS8 stand out in a competitive real estate market? Why did it resonate so strongly with buyers, sparking such overwhelming demand? Let’s explore the key factors behind this incredible achievement with Realestate.com.kh!Project HighlightsTime Square 7 and Time Square 8 complement each other as standout developments in Phnom Penh, catering to different buyer preferences while maintaining a shared commitment to quality and affordable prices.Time Square 7, a 49-story condominium in Toul Kork, Phnom Penh, held its groundbreaking on September 26, 2024. As one of the region's fastest-selling projects, it sold over 400 units in just five months. Offering 1-bedroom to duplex units, it features amenities like seven elevators, a pool, a fitness center, landscaped gardens, and 24/7 security. Conveniently located near shopping and dining, the project is set for handover in early 2028, making it a prime investment opportunity.​Meanwhile, the new Time Square 8 condominium project is set to launch in the vibrant Toul Tompoung area of Phnom Penh. With 50 floors, it will offer a range of amenities, including a BBQ Yard Pavilion, gym, swimming pool, sky lounge with city views, concierge services, and 24/7 security. Residents will also have access to a play space, amphitheater, floating bar, and facilities for skyboxing, yoga, and tennis. Time Square 8 provides an affordable living option in a prime location, making it a top choice for homeowners and investors near BKK1.Reasons Behind the Quick Sell-OutAffordability Condominium prices in Toul Kork vary depending on size and location. For instance, land prices in the area range from approximately $1,900 to $6,100 per square meter (based on Why Cambodia 2023 from realestate.com.kh). In comparison, Time Square 7 provides a more affordable alternative, with prices starting at just $1,000 per square meter. This competitive pricing makes Time Square 7 an attractive option for buyers seeking great value in the Toul Kork area.Meanwhile, Time Square 8 offers exceptional affordability as well, especially for those seeking a prime location similar to BKK 1 but at a more budget-friendly price in Toul Tom Poung. Land prices in Toul Tom Poung typically range from $1,600 to $7,300 per square meter, which is more affordable compared to Boeung Keng Kang, where prices range from $2,800 to $10,000 per square meter (based on Why Cambodia 2023 from realestate.com.kh). However, at Time Square 8, you can secure a unit for just $1,000 per square meter, providing significant savings without sacrificing quality.Time Square 7 and Time Square 8 stand out for their competitive pricing, offering incredible value for money. With thoughtfully designed units at accessible price points, the projects appeal to a broad range of buyers, including first-time homeowners seeking affordability and investors looking for high returns.Prime LocationTime Square 7 is located in the heart of Toul Kork, one of Phnom Penh's most rapidly developing districts. This prime location provides residents with easy access to key business hubs, major shopping centers like Samai Square, TK Avenue Mall and Khalandale Mall, and reputable schools. With excellent transport links and nearby healthcare facilities, Time Square 7 offers both convenience and peace, making it a highly attractive choice for both homeowners and investors. The area’s continuous growth and development ensure long-term value for residents.If you're seeking an area similar to Boeung Keng Kang 1 (BKK1) but at a more budget-friendly price, Toul Tom Poung is emerging as an ideal alternative with its prime location. The area’s growing popularity among expatriates, combined with its diverse amenities, creates a cosmopolitan community. With international schools, medical centers, and supermarkets nearby, Toul Tom Poung boasts a well-developed infrastructure that caters to a wide range of residents. The upcoming launch of Time Square 8 further enhances its appeal, offering modern, affordable living in a vibrant and sought-after location in Toul Tom Poung is perfect for both residents and investors.Developer Trust and CredibilityMegakim World Corp Ltd. has a strong track record with seven successful projects, showcasing their expertise and reliability in real estate. Their latest project, Time Square 8, stands out for its affordable pricing and prime location in Toul Tompoung, offering exceptional value for both homeowners and investors. By blending quality, convenience, and accessibility, the developer continues to meet the needs of modern urban living while earning the trust and satisfaction of its customers.Sum up The success of Time Square can be attributed to its combination of prime locations, affordable pricing, modern amenities, and the trusted reputation of Megakim World Corp Ltd. These projects have set a new standard for urban living, appealing to both homeowners and investors alike.Looking ahead, buyers can look forward to more exciting opportunities from Megakim World Corp, with future developments continuing to offer exceptional value and quality in prime locations. Now is the time to invest in these transformative projects!Stay updated with Megakim World Corp’s latest projects! Don’t miss out on similar opportunities—contact us or visit our website realestate.com.kh to explore your next dream home or investment.
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Why J Tower 3 is the Best Investment from a Price Point Perspective
January 21, 2025, 9:26 a.m.
In Phnom Penh’s competitive real estate market, J Tower 3 emerges as a landmark project redefining local buyers' value. As Cambodia’s tallest building at 77 floors and the 8th tallest in Southeast Asia, this luxurious development blends iconic architecture with practical investment potential. Let’s explore with Realestate.com.kh why J Tower 3 is the most compelling choice for those seeking strong returns with good quality.Addressing Market Demand: Why Three-Bedroom Units MatterRight now, Phnom Penh is facing a shortage of three-bedroom units. This high demand makes J Tower 3 stand out, offering a golden opportunity for investors seeking strong rental income and resale potential. Starting from 360,000 USD, J Tower 3 delivers spacious three-bedroom apartments at prices that compete with much smaller units in the market.For example, many high-end developments in Phnom Penh offer three-bedroom units priced between 540,000 and 800,000 USD, which are often smaller and less spacious. J Tower 3 flips this trend, giving buyers more space for less cost per square meter, ensuring both comfort and value. This combination of affordability and size positions J Tower 3 as a prime choice for buyers and renters alike.Proven Developer Track RecordJ Tower 3 is the third project by a developer known for delivering exceptional value. The predecessor, J Tower 2, has achieved remarkable occupancy rates and consistently high rental demand. With the same commitment to quality and management, J Tower 3 is poised to outperform its predecessors, offering buyers peace of mind and a track record of proven success.Unmatched Features and FacilitiesJ Tower 3 combines luxury living with practicality:Renowned Japanese Developer: Known for delivering properties with exceptional quality, ensuring strong rental yields and high resale value. Their reputation for reliability and attention to detail makes them a trusted choice for investors and residents alike.Occupancy Rates: Units in previous projects have consistently shown strong rental performance, reflecting their popularity and high demand. For J Tower 1, rental prices range from $500 to $800, while J Tower 2 offers rental prices between $1,200 and $1,600, both maintaining high occupancy rates. This track record underscores the investment value and tenant appeal of these properties.Quality Management:  J Tower 3 ensures top-tier property management with a focus on regular maintenance, efficient services, and 24/7 professional support. Its commitment to excellence enhances both resident satisfaction and investment value.Value for Money: Why Bigger is BetterWhen comparing J Tower 3 to other high-end developments, the space advantage is clear. While three-bedroom units in other projects often come at a premium price, J Tower 3 offers much larger units at a lower price per square meter.Although the initial price tag might seem higher, the value is undeniable when you consider the generous floor plans, high-quality finishes, and lower long-term costs. Buyers enjoy lower gross and net prices because of the larger unit sizes, making this a smarter investment over time.For context, three-bedroom units in Phnom Penh’s high-end developments typically start at 540,000 USD, with some reaching as high as 800,000 USD for smaller spaces. J Tower 3 challenges this trend by offering a starting price of 360,000 USD for significantly larger, more livable apartments. This unique positioning ensures J Tower 3 isn’t just another luxury development—it’s a category-defining opportunity.At Realestate.com.kh, we provide expert insights into Cambodia’s real estate market, helping you make informed decisions. Whether you’re seeking a home or an investment, J Tower 3 combines market demand, premium quality, and investment potential—an unbeatable combination for local buyers.Find your future in Cambodia’s tallest icon. Visit Realestate.com.kh today to learn more about J Tower 3!
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Cambodia Embraces Crypto Assets: A Regulated Start to a Digital Future
December 30, 2024, 8:06 a.m.
Cambodia has taken its first steps into the world of cryptoassets, allowing limited transactions under centralized regulation. The National Bank of Cambodia (NBC) now permits commercial banks to handle Group 1 crypto assets, including tokenized securities and stablecoins, marking a significant milestone in the country’s financial evolution.Cryptocurrencies, digital currencies powered by decentralized computer networks called blockchains, are transforming the global financial landscape. Widely used for trading, payments, and investments, these assets have grown in popularity as innovative platforms enable users to transact seamlessly across borders. A Regulated Introduction to CryptoassetsHistorically, Cambodia banned cryptocurrency transactions and trading, citing concerns about money laundering, fraud, and illegal activities. By introducing this controlled framework, NBC aims to mitigate these risks while offering a regulated entry point into the world of digital assets. This marks a significant departure from the country’s previous stance, showcasing its willingness to adapt to the evolving financial landscape.Under the Prakas issued on December 26, 2024, commercial banks must obtain prior approval from NBC to engage in cryptoasset activities. Group 1 assets, backed by traditional financial instruments or stablecoins, are the only type approved. This careful regulatory approach aims to promote accessibility while maintaining security and stability in Cambodia's financial ecosystem.However, this proclamation explicitly prohibits commercial banks from holding two categories of cryptocurrencies: unbacked cryptoassets and high-risk digital currencies, such as Bitcoin. This measure is aimed at mitigating potential risks associated with volatility, fraud, and other financial vulnerabilities linked to these types of assets.Realestate.com.kh: Embracing the Digital FutureThis milestone also opens new opportunities for sectors like real estate. Platforms like Realestate.com.kh have already adopted crypto payments, allowing buyers to purchase properties using digital assets. This innovation reflects the growing integration of crypto assets into everyday transactions, offering a glimpse into a more digitized future for Cambodia’s economy.Opportunities and Challenges AheadWhile centralization provides consumer protection and reduces fraud risks, it also raises concerns about limited user autonomy and potential restrictions. For banks, however, this shift introduces new revenue streams, ensuring their relevance in the digital economy.At the same time, NBC’s move aligns with its efforts to preserve the riel’s role as Cambodia’s national currency. By positioning crypto assets as investment vehicles rather than payment methods, the riel remains central to daily transactions, minimizing competition.A New Chapter for Cambodia’s Financial LandscapeThe introduction of cryptoassets in Cambodia represents a cautious but forward-looking approach to innovation. It sets the stage for greater financial inclusion, increased foreign interest, and enhanced digital literacy, signaling a promising start to a new era in the country’s economy.With platforms like Realestate.com.kh leading the way, this shift also symbolizes the dawn of a more connected and digitized Cambodia, where crypto plays an integral role in shaping the future.
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The first-ever seaside market in Cambodia has officially launched in the Dara Sakor area, Koh Kong Province
December 24, 2024, 3:03 a.m.
Koh Kong- Coastal City Development Group Co., Ltd., a leading developer in Cambodia, has announced the launch of its new commercial project, "King's Island Market." Situated in the rapidly developing Dara Sakor area of Koh Kong Province, this project covers 1.7 hectares and is Cambodia's first seaside market. The project integrates commerce, culture, and tourism into a single hub. Located in the prime area of Dara Sakor, it is expected to become a key commercial and tourism destination, offering an exceptional experience for both domestic and international visitors.About the DeveloperCoastal City Development Group Co., Ltd. is a pioneer in Cambodia, known for developing major projects such as Dara Sakor International Airport, the International Deep-Sea Port, hydropower plants, luxury hotels, resorts, and high-quality roads like the Phutong Highway. These initiatives have significantly boosted the tourism potential and overall development of Koh Kong Province.About the ProjectKing's Island Market is designed to meet the needs of the local population and domestic and international tourists visiting the area. It features an ideal location with pristine beaches and offers affordable opportunities for businesses and tourists. The project also has convenient connections to major attractions, including King's Island, other nearby islands, a Go Kart racing track, and Buntham Park.Market FeaturesThe King's Island Market will become a vibrant tourist destination, offering 310 business spaces for various purposes. It provides diverse and convenient services for visitors to Koh Kong Province, including those exploring King's Island and neighboring islands. The market offers a range of shop sizes, from 12 square to 108 square meters, catering to different business needs. Highlights include fresh seafood, local delicacies, souvenir shops, and artisan crafts, making it a must-visit spot for both local and international tourists.Economic ImpactThe project is expected to become a significant attraction in Koh Kong Province and contribute to the area's economic growth. Similar to the famous Crab Market in Kep, the King's Island Market is anticipated to draw large numbers of tourists and enhance the local economy effectively. It aligns with the government’s policy to promote tourism and sustainable development in the region.For more information, please contact via: Phone Number: +855 98 708 898Telegram: https://t.me/kohsdachportmarketTikTok: https://www.tiktok.com/@kohsdachportmarket?_t=8sAj7PpFuLv
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Cambodia’s Trade Volume Reaches $50 Billion Amid Strong Growth
December 18, 2024, 6:39 a.m.
According to the General Department of Customs and Excise (GDCE), Cambodia’s international trade surged to nearly $50 billion in the first 11 months of 2024, reflecting a 17.4% increase compared to the same period in 2023. Exports accounted for 48% of the total trade volume, with exports and imports reaching $23.93 billion and $25.94 billion, respectively.Trade HighlightsThe rise in trade volume underscores Cambodia’s growing production capacity and the diversification of its export portfolio. Key export products include garments, footwear, travel bags, tires, rubber products, and electronics. The garment sector, a cornerstone of Cambodia’s economy, supports approximately 800,000 jobs and remains a major driver of export revenues.Despite this growth, the trade deficit widened to $2.01 billion, up from $1.51 billion during the same period in 2023. This indicates a need for further development in domestic production and value-added industries to reduce reliance on imports.The Role of Free Trade AgreementsCambodia’s involvement in several free trade agreements (FTAs) has played a crucial role in expanding its export markets. Agreements such as the Cambodia-China FTA (CCFTA), Cambodia-Korea FTA (CKFTA), and the Regional Comprehensive Economic Partnership (RCEP) have opened doors to trade opportunities with key global players.These agreements and improvements in infrastructure and investment laws have shifted Cambodia’s trade strategy. The country is no longer solely reliant on traditional markets like the US and Europe but is expanding into Asia-Pacific and other regions.Opportunities for GrowthTo further strengthen export revenues and reduce the trade deficit, Cambodia focuses on boosting agricultural exports and integrating domestically produced raw materials into its manufacturing processes. Sectors such as rubber processing and tire manufacturing are examples of how the country leverages its natural resources to create export-ready products.With steady growth in trade and investment, Cambodia’s economic outlook remains promising. Strategic policies, combined with infrastructure upgrades and active participation in FTAs, are setting the stage for continued trade expansion in the years ahead.For more updates on Cambodia’s trade and economic growth, visit Realestate.com.kh!
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Comprehensive Guide to Real Estate Investment: Financial Planning, Property Types, and Market Insights
December 11, 2024, 3:52 a.m.
It’s like a trend these days! Investing in real estate can be a great way to grow your wealth, but it’s important to know what you’re doing. As property values increase, your investment can grow. You can also earn money through rental properties or enjoy tax benefits like mortgage interest deductions. Plus, real estate can help protect your money from inflation and is an important part of long-term financial planning, such as saving for retirement. In this article, Realestate.com.kh will walk you through the basics, from making a financial plan to choosing the right property type and understanding the market!Understanding About Financial​​ PlanningBefore jumping into any investment, it’s important to have a financial plan. A financial plan helps you understand where you are financially, where you want to go, and how to get there. You can make your own plan or work with a financial expert. A good financial plan covers things like retirement, budgeting, and paying off debt.Types of financial planning are divided into three categories:Short-Term Financial Planning focuses on addressing current matters and typically shows results within a year. Examples of personal goals in this category include reducing or paying off debt, creating an emergency fund, and more. For business goals, this could involve achieving target revenues, securing funding, or other short-term objectives.Medium-Term Financial Planning serves as a transitional phase between short-term and long-term goals, usually spanning up to five years. This planning involves resolving immediate issues (such as credit card debt) to focus on goals that require more time, such as saving for property or starting a business. Businesses may consider launching new product lines or entering new markets during this period.Long-Term Financial Planning is generally designed for periods exceeding five years and requires significant financial resources. Common long-term goals include saving for retirement, funding children’s education, or paying off substantial debt. For businesses, long-term financial objectives might involve automation, improving cash flow efficiency, and reducing expenses.Having a financial plan helps both individuals and businesses track where they are financially and figure out what they need to do to meet their goals. It’s essential for achieving short-, medium-, and long-term objectives.Types of Real Estate InvestmentsInvesting in real estate can create wealth, but it’s a long-term commitment that requires a solid plan. While real estate offers great potential for high returns, it requires careful research and choosing the right property. According to an excerpt from the ROCKET Mortgage website, Here are three popular types of real estate investments:Residential Real EstateResidential property is a type of real estate used for living, such as houses, condos, and apartments. Generally, one can invest in this type of property by buying it at a low price and selling it for a profit or renting it out to generate income.For example, if we buy a condo, which generally costs around $50,000 or more, and rent it out for $800 or $1,000 per month, we can use the rental income to repay the bank if we borrow money to purchase the property. However, if we buy the property with our own funds, we can use the rental income to invest in additional properties.Commercial Real EstateIn Cambodia, commercial properties include a diverse range of buildings such as shopping malls, retail stores, office buildings, hotels, casinos, private hospitals, and private educational institutions. These properties offer multifaceted functionalities beyond those of residential properties.For instance, Vattanac Capital in Phnom Penh is a prominent commercial property that houses luxury retail stores, office spaces, and the Rosewood Phnom Penh Hotel. This 39-story building serves as a comprehensive commercial hub, integrating shopping, business, and hospitality services. Investing in such commercial properties can provide more stable cash flow compared to residential properties. Commercial buildings often contain multiple units or spaces, allowing for diversified income streams. Additionally, lease terms for commercial properties in Cambodia can be long-term, typically ranging from 5 to 10 years, offering investors greater financial stability.Raw LandRaw land refers to an undeveloped property with no structures or improvements, often making it cheaper to acquire than developed land. Investors may buy raw land with the intention of leasing it for agricultural purposes or holding it for future development. One of the key advantages of investing in raw land is that it is easier to acquire, has lower maintenance costs, and offers versatility, allowing investors to buy, lease, or build on it. However, while raw land offers several benefits, investors should conduct thorough due diligence, including verifying land titles, understanding zoning regulations, and assessing infrastructure development plans in the area. Engaging with local real estate experts and legal advisors like realestate.com.kh can help navigate the complexities of land investment in Cambodia. Each type of investment comes with its risks and benefits. Real estate can be very profitable, but it’s important to carefully consider how involved you want to be.Understanding Market Trends and LocationWhere your property is located matters a lot. Areas with good economic growth, strong demand, and good infrastructure usually see property values go up.  It affects how much the property value will increase, how many people want to rent it, and the rules or taxes that apply in the area. Properties in high-demand areas with strong economies usually grow in value faster and attract good tenants, making them great investment choices. For instance, Phnom Penh’s most popular area currently is Beong Keng Kang 1 or BKK1, which is known for its upscale lifestyle, vibrant business hub, and modern infrastructure. BKK1 is home to luxury condos, trendy cafes, international schools, and embassies, making it highly attractive to both locals and expatriates. Investing in a property here not only promises potential for value appreciation but also ensures a steady stream of high-quality tenants.Another example, in the Toul Kork area of Phnom Penh, property prices are rising because of the fast development, better infrastructure, and growing demand for both homes and businesses. According to data from AMS Economy in 2023, land prices in Toul Kork have been steadily going up, ranging from $1,800 to $6,000 per square meter. This is due to important improvements, like new roads, schools, and shopping areas, which make the location even more appealing. Investors can use this information to better understand the market, find new opportunities, and reduce risks that could affect their finances.How to Get Started with Your Real Estate Investment PlanStart by setting clear financial goals and deciding when you want to reach them. This will guide you in choosing the right type of property to invest in. Also, think about your risk tolerance—whether you’re comfortable with high-risk, high-reward investments or prefer more stable options.It’s also a good idea to work with real estate experts, like Realestate.com.kh, who can help you make smart investment choices. They can help you refine your strategy and give you the confidence to take action. Real estate investing works best when your plan is tailored to your personal financial goals and needs. Take the time to create a strategy that fits your goals, and you’ll have a much better chance of success.Ready to get started? Reach out to us and begin building your own personalized investment plan today!
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Breaking Records: Realestate.com.kh Wraps Up $2M Roadshow in Eastern Europe!
December 10, 2024, 9:38 a.m.
Realestate.com.kh, Cambodia's leading property portal, has achieved another milestone, successfully concluding a series of international property exhibitions in Eastern Europe. These events, spanning Russia and Kazakhstan, have generated an impressive estimated $2 million worth of property sold. Opening Doors for Eastern European InvestmentIn recent years, Southeast Asia has become a hotspot for Eastern European investors, While luxury real estate in Thailand and Bali remains a focus for many, Cambodia offers something distinct. Investors in Cambodia are diversifying their interests, exploring opportunities beyond luxury condominiums, including business ventures across various sectors.As the gateway to Cambodia's real estate market, Realestate.com.kh has been instrumental in bridging the gap. Through a comprehensive platform featuring property listings, market insights, and tailored guidance, the portal has become a trusted partner for international investors navigating Cambodia’s thriving property landscape.A Successful Roadshow Across Eastern EuropeLast month, Realestate.com.kh embarked on an ambitious roadshow, spotlighting Cambodia’s real estate market at three major events, each serving as a platform to showcase Cambodia’s top property developments, establish new sales channels, and foster long-term investment ties. Beyond the impressive revenue, the roadshow introduced Cambodia’s dynamic opportunities to a global audience, further cementing its position as a rising investment destination.A Vision for Cambodia’s GrowthThe success of these events demonstrates Realestate.com.kh’s commitment to promoting Cambodia on the international stage.Elvira Shamuratova, a senior advisor to the Eastern European market said "Investors are showing strong interest in Cambodia’s property market. The country offers stability, growth opportunities, and tremendous potential. Realestate.com.kh has been a game-changer for my clients, giving them the confidence to explore and invest in this exciting market."Building on the momentum of this roadshow, Realestate.com.kh is excited to expand its efforts in Eastern Europe, fostering even stronger connections and showcasing Cambodia as an ideal destination for investment. With its unique opportunities and promising developments, Cambodia’s real estate market is set to attract more international attention than ever before.📣 Ready to explore Cambodia’s booming property market? Discover exclusive listings, expert insights, and the latest opportunities only on Realestate.com.kh. Join us in shaping the future of real estate in Cambodia!
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Techo International Airport: How Cambodia’s New Gateway Will Boost the Economy, Travel, and Real Estate
December 4, 2024, 4:00 a.m.
Imagine an airport designed to connect Cambodia to the world seamlessly while transforming the local economy as well. That’s exactly what Techo International Airport (TIA) promises. As Cambodia’s largest and most modern airport, this highly developed project near Phnom Penh is much more than a place to catch flights—it’s a driver of economic growth, tourism, and urban development. Today, Let’s dive with Realestate.com.kh into why TIA is such a game-changer for the country!A Giant Leap for Cambodia’s ConnectivityLocated just 20 kilometers south of Phnom Penh in Kandal Province, Techo International Airport will replace Phnom Penh International Airport as Cambodia’s central aviation hub. Let’s get to know a bit about the airport itself. Set to launch in early 2025 for the first phase, the airport is built to handle 13 million passengers annually and aims to increase to 30 millions in the second phase then with a long-term capacity of 50 million passengers per year by the last phase in 2050. With multiple runways capable of accommodating the largest aircraft, like the Airbus A380, TIA will attract more long-haul international carriers. Automated immigration gates, mobile apps for seamless check-ins, and smart luggage tracking will enhance the travel experience for visitors. By increasing direct flights to major cities worldwide, TIA will put Cambodia firmly on the global travel and business map as well. Boosting the Economy and Creating JobsThe economic impact of Techo International Airport is expected to be massive. Experts estimate that the airport and its surrounding projects will contribute up to 5% to Cambodia’s GDP growth annually in the years following its opening. Here’s how the airport will deliver:International Trade and Investment: With advanced cargo facilities, TIA will become a critical hub for Cambodian exports like textiles, rice, and electronics. Better logistics will attract foreign investment, particularly in manufacturing and e-commerce.Tourism Boom: According to the Ministry of Tourism annual reports, Cambodia welcomed over 6.6 million international tourists in 2019, contributing around $5 billion to the economy. With TIA enabling more direct flights, the country hopes to exceed these numbers, especially as post-pandemic tourism rebounds.Job Creation: The airport is expected to create thousands of jobs—from construction workers during its build phase to aviation professionals, retail staff, and hospitality workers once it’s operational.A Tourist-Friendly Visa ProcessTravelers to Cambodia will find it easier than ever to visit, thanks to TIA’s streamlined visa process. E-Visas and Visa-on-Arrival systems integrated with airport technology will speed up immigration, reducing wait times and enhancing traveler satisfaction. The government plans to promote longer tourist stays and repeat visits, boosting spending in key sectors like hospitality and retail.Real Estate Transformation: Opportunities Near TIAWith all this development, the area around Techo International Airport is rapidly becoming a hotbed for real estate investment. Here are two standout projects:Borey Chankiri: Nestled close to the airport, Borey Chankiri is a thoughtfully designed residential project that offers modern homes surrounded by green spaces. Perfect for families and professionals, it combines sustainability with easy access to Phnom Penh and TIA. Learn more about Borey Chankiri. R&F City Miro: A premium mixed-use development featuring luxurious apartments and commercial spaces, R&F City Miro caters to high-end buyers and investors. Its location near the airport makes it ideal for frequent travelers and expatriates. Check out more about R&F City Miro. Both of these projects showcase how the area is evolving into a dynamic urban hub, with rising property values making now the perfect time to invest.The Bigger Picture: What TIA Means for CambodiaTecho International Airport is more than just a new airport—it’s a launchpad for Cambodia’s ambitions on the world stage. By improving connectivity and modernizing infrastructure, TIA is helping to position Cambodia as a key player in Southeast Asia. For instance, the increased trade, tourism, and investment generated by TIA could add billions of dollars to Cambodia’s economy annually while the airport will also strengthen Cambodia’s role in the ASEAN region, making it easier to host international business events and conferences.Additionally, the recent launch of the Kbal Thnal Bridge further complements TIA’s connectivity benefits. This bridge significantly reduces travel time between Phnom Penh and key surrounding regions, providing smoother access to the airport and nearby developments. Together, these infrastructure projects create a comprehensive network that supports economic growth and urban mobility.By aligning with smart and green development principles, TIA ensures sustainable growth that benefits not just businesses but also local communities.Ready to Explore Opportunities Near TIA?Techo International Airport is a symbol of progress for Cambodia, promising to transform the way people travel, do business, and live. With its ability to attract global attention and local opportunities, it’s not just an airport—it’s the future. Now’s the time to be part of this exciting journey.If you’re excited about what Techo International Airport could mean for Cambodia—and for you—take a closer look at real estate projects nearby. Whether you’re interested in family-friendly homes like Borey Chankiri or luxurious living at R&F City Miro, you can find your perfect property on Realestate.com.kh!
Land Registration And Certification in Cambodia
Land Registration And Certification in Cambodia
January 2, 2025, 7:13 a.m.
There is a target from the Royal Cambodian government to map and have all land titles approved and issued over the next few years, and although the Ministry of Land Management, Urban Planning and Construction (MLMUPC) has implemented digitalisation improvements, the registration of land in Cambodia is still time-consuming.So far in 2024, 2,633 investment projects have been approved in the construction which cover a total area of more than 10 million square meters, which is down from 12 million square meters in 2023.Land Title Certificates Distribution To Be Completed by 2027Cambodian Prime Minister Hun Manet announced in November 2024 that the aim is to have the distribution of land title certificates completed before the end of 2027. This was announced at the annual meeting of the Ministry of Land Management, Urban Planning and Construction (MLMUPC).The timing has been targeted as it will be the 40th anniversary of former prime minister Hun Sen initiating the granting of private ownership of land to Cambodian citizens.Minister H.E. Say Samal reaffirmed the government’s commitment to completing the land registration process and emphasised its importance in “promoting stability, development, and equitable land use across the nation.”At the meeting, Hun Manet encouraged the Cambodian provincial and municipal governors to actively ensure the issuance of land title certificates for the citizens.Over the past year, the government has measured and registered more than two million plots of land.Nearly 590,000 new land titles have been issued.A further 1 million parcels of land are still to be surveyed and demarcated.Kampong Cham province was the first province to complete all land surveys and demarcations.In Mondulkiri province, nearly 90,000 hectares of land have been surveyed and registered, with more than 40,000 land ownership certificates issued. A total of 331,439 hectares of state land are registered, representing around 18% of the total area.Government Spokesperson H.E. Pen Bona said this is vital for preparing detailed administrative maps, infrastructure blueprints, and land use master plans, ultimately enhancing citizens’ livelihoods and economic opportunities.In total, Cambodia has registered over 7.7 million private land parcels and to date, the ministry has issued 7 million land titles and surveyed 3 million new parcels.The Ministry also has a target to complete all land registration by 2025 which is intended to resolve all land disputes and strengthen land rights and management.In 2024, The MLMUPC confirmed that Cambodia has attracted US $4.3 billion of investment capital from the construction sector in 2024. Land Disputes To Be SettledFor the issuance of state and collective land certificates, there have been 15,690 reported land disputes, of which 14,919 cases have been resolved, leaving 1,041 disputes still under review. Prime Minister Hun Manet confirmed that the Royal Government plans to allocate approximately US $100 million for land demarcation to resolve land disputes.He said, “In this new mandate, we have prepared 5,000 officers to work (measure and demarcate the boundaries). I have approved an increase in the budget, and we plan to allocate US $100 million to complete this task.”MLMUPC Digitisation Although there have been efforts by the MLMUPC to offer more digitised services, registering land in Cambodia still requires boots on the ground and an in-person visit to the ministry which can be time-consuming.In September 2024, the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) launched a new suite of digital public services as it embarked on its ongoing digital transformation, aligning with the Royal Government’s Pentagon Strategy for Economic Development and Digitalization.The digital transformation is intended to streamline public access to land management services.The procedural flow of services entails 5 steps from creating an account, applying online with all documentation and selecting the service:Vente and Donation Definitive ServicesHypothec and Mortgage ServicesDocuments Tracking Via QR CodeDocuments Saved and Requested andDeclaration of Adjudication AreasOnce requested and accepted, the applicant will receive a notice to pick up their final documents and pay the service fees at the Phnom Penh Department of Land Management, Urban Planning, Construction and Cadaster.Adding QR Codes to Land CertificatesThe MLMUPC and the Ministry of Post and Telecommunication (MPTC) have been working together to standardise QR codes and add them to land certificates which can more easily authenticate important information via the government’s verify.gov.kh. This document verification platform was launched alongside the cmhl.gov.kh, to identify property location in the Kingdom.The idea is that property owners with land certificates can go to the MLMUPC’s website to look up their land information such as location, area, and type of land among others by typing in the number of their land certificate and a security code. This forms part of the priority actions in accordance with the Cambodia Digital Government Policy 2022-2035 of the government’s Pentagonal Strategy-Phase 1. Titled, “Cambodia: My Homeland” the combination of QR codes linked to blockchain technology is intended to ensure secure and verified documentation.Under the system, the property owners can request public services regarding land administration by paying a service fee of 20,000 riels (approximately US $5) and pay digitally via e-banking services such as ABA Pay, Wing, VISA, and MasterCard.  You can read more to understand the differences between Land Titles in Cambodia.
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Diamond Bay Garden: Mekong Views and Central Living in Phnom Penh
November 26, 2024, 2:16 a.m.
Located in Phnom Penh’s Koh Pich district, Diamond Bay Garden stands as a beacon of modernity and comfort. The 39-story, award-winning waterfront tower combines sleek amenities with contemporary features, offering residents a range of living options, from cosy studios to family-friendly three-bedroom units. With its prime location at the confluence of the Mekong, Tonle Sap, and Bassac Rivers - Diamond Bay Garden boasts panoramic views of Phnom Penh’s bustling cityscape and the three rivers, creating a balance of urban living and scenic landscape. Beyond the residences, the condominium offers exclusive amenities, including a swimming pool facing the Bassac River, a fully equipped fitness centre, and a Sky Bar and Restaurant, making Diamond Bay Garden a destination for comfort and community.The Koh Pich Central Business DistrictKoh Pich is increasingly becoming one of Phnom Penh’s most desirable locations. As a vibrant and emerging Central Business District (CBD), Koh Pich offers an array of lifestyle, educational, and commercial conveniences that cater to the diverse needs of its residents, and provide long-term investment opportunities. Diamond Bay Garden stands as a gateway to this thriving CBD, allowing direct access to landmarks, lifestyle facilities, and numerous food and beverage options from international coffee chains like Starbucks Reserve to local eateries, and business centres.A Prime Location for Living, Working, and ConnectingDiamond Bay Garden’s location within Koh Pich brings attractive amenities right to residents' doorsteps, offering direct access to top-tier schools, over eight hectares of parks, riverwalks, green areas, premium office spaces, shopping venues, embassies, and state-of-the-art hospitals. Koh Pich’s gradual evolution into a fully integrated CBD has enabled residents and investors to find a “live-work-play” environment with some of Phnom Penh’s finest offerings only minutes away.Coconut Park: A popular outdoor green space within Koh Pich - Coconut Park provides a tranquil oasis for visitors of all ages. This lush area is perfect for weekend picnics, families, pets, pop-up retail, sports, and community gatherings—making it one of the rare green spaces in Phnom Penh.International Schools and Higher Education: For parents, access to quality education is a priority. The Canadian International School (CIS), French International School (EFI), and DeMontfort University offer world-class curriculums right within Koh Pich. Known for their top-tier facilities and commitment to academic excellence, these institutions are among the best choices for both expatriate and local families.High-Grade Offices: Koh Pich CBD boasts over 700 businesses, from Fortune 500 companies to innovative start-ups, creating a dynamic professional ecosystem. Residents of Diamond Bay Garden are minutes from premium and sustainably designed office spaces, and investors stand to benefit from the presence of over 7,000 professionals working in Koh Pich.Concerts, Events and Leisure: As one of Phnom Penh’s premier destinations for entertainment, Koh Pich hosts concerts featuring local and international stars alike, including Cambodian artists like Mann Vannda and Aok Sokunkanha, as well as global icons like Manny Pacquiao, PSY, and Jessie J. Entertainment Venues in the Koh Pich CBD routinely welcome over 20,000 visitors during events. Beyond concerts, from Google Cloud gatherings to the Ethereum Foundation conferences and large construction fairs - Koh Pich has hosted events from a wide range of industries and sectors. For residents of Diamond Bay Garden, this translates to lively entertainment and valuable networking opportunities within walking distance.The DeveloperDiamond Bay Garden is the collaboration between two prominent players in the real estate industry: Overseas Cambodian Investment Corporation (OCIC) and The Ascott Limited.OCIC: As a pioneer in Cambodian infrastructure and real estate, OCIC has played a significant role in the country’s transformation, delivering a series of iconic projects. With over 25 years in operation, OCIC has completed more than 50 projects across Cambodia, including prestigious residential complexes, commercial spaces, and major infrastructure like the Techo International Airport and the Norea Cable Bridge.The Ascott Limited: Managing the Guaranteed Rental Return (GRR) units located between floors 27 to 37, as well as the Sky Bar and Restaurant under the Somerset Diamond Bay Garden brand, is The Ascott Limited - a globally recognized name in the hospitality industry. With over 830 properties across 40 countries, Ascott brings deep expertise in property management. The GRR units offer investors bi-annual rental payments totalling 70% over ten years, ensuring both consistent returns and ease of management.Together, OCIC and Ascott bring a blend of local and global expertise to Diamond Bay Garden.Where Rivers Meet CityDiamond Bay Garden presents a promising opportunity in Phnom Penh’s real estate market, combining modern living spaces with a prime location in Koh Pich’s CBD. Whether you’re an investor seeking returns or a resident searching for the ideal home, Diamond Bay Garden offers a strong mix of lifestyle and value.
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It’s More Than Enough! - The Art of Living Well with Le Conde BKK1 in Phnom Penh’s Most Desired District
November 22, 2024, 7:43 a.m.
Located in the heart of this vibrant area, known for its international dining, boutique shops, and proximity to key landmarks, Le Conde BKK1 offers the perfect balance between urban connectivity and thoughtfully curated living spaces.Le Conde offers a variety of thoughtfully designed units to suit different lifestyles and needs. With over 1,000 units across its elegant high-rise, the development features studio apartments, one-six bedrooms unit, each carefully planned to maximize space and functionality. As of October 2024, the project has reached 90% construction completion and is ready to hand in by early 2025, reflecting the developer's commitment to quality and timely delivery. WANG FU GUO JI PROPERTY DEVELOPMENT CO., LTD is known for its expertise in creating high-quality residential projects, ensuring that Le Condé BKK1 meets the expectations of modern urban living.Boeung Keng kang 1 or BKK1 is Phnom Penh’s most wanted neighborhood for a reason. Its mix of cultural landmarks, trendy cafés, and high-end shopping make it the center of the city’s urban growth. Le Conde is ideally positioned to give residents access to everything the district offers. Whether it’s a quick trip to AEON Mall, a leisurely evening walk to Independence Monument, or enjoying the district’s diverse culinary scene, residents are always connected to the best of Phnom Penh.Beyond the homes, Le Conde offers a wide range of amenities that elevate everyday living. The rooftop infinity pool provides stunning views of Phnom Penh, while the fully equipped gym caters to fitness enthusiasts. Shared spaces like the reading lounge and multi-purpose halls encourage a sense of community, and professional concierge services handle the small details, allowing residents to focus on what truly matters.   As Cambodia’s leading real estate platform, Realestate.com.kh is proud to showcase Le Conde BKK1 as one of Phnom Penh’s most promising developments. With a proven track record of connecting buyers, developers, and agents, Realestate.com.kh ensures that projects like Le Conde BKK1 are accessible to local and international investors seeking quality homes or high-potential investments.To sum up, Le Conde exemplifies the art of living well—offering not just a residence but a thoughtfully designed lifestyle in Phnom Penh’s most dynamic district. Explore this unique opportunity through Realestate.com.kh and discover why it’s more than enough for those who value modern urban living.
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How Green Investments Are Shaping the Future of Real Estate
November 19, 2024, 7:00 a.m.
What Are Green Investments?Green investments refer to traditional investment options—such as stocks, exchange-traded funds (ETFs), mutual funds, or bonds—focused on supporting companies and projects that prioritize environmental sustainability. These investments target businesses actively working to reduce their ecological footprint by implementing practices like waste reduction, carbon emission control, resource conservation, and enhanced energy efficiency. Unlike conventional investments, which primarily seek financial gains, green investments aim to provide returns while contributing to the planet’s well-being.In today’s world, where climate change and environmental challenges are pressing issues, green investments allow investors to align their financial goals with sustainable values, providing a unique way to build wealth while supporting eco-conscious enterprises.Sustainability as a Core Value:In the real estate industry, sustainability has become a fundamental value in green investments. As environmental awareness grows, developers, investors, and consumers are increasingly prioritizing eco-friendly practices. Green investments focus on creating energy-efficient buildings, using sustainable materials, and minimizing environmental impact. For example, Picasso Sky Gemme the design integrates sustainability and art to create a city garden in the heart of a bustling metropolis. This blend of eco-friendly practices with artistic beauty brings humanistic, green spaces to urban living.By integrating renewable energy sources and reducing carbon footprints, sustainable real estate not only addresses urgent environmental concerns but also offers long-term financial benefits. This approach attracts environmentally conscious buyers and tenants, increases property value, and lowers operational costs, establishing sustainability as a central pillar in the future of real estate investments. 'Government Incentives and Regulations:Governments worldwide support green building investments through tax incentives, subsidies, and regulations, making eco-friendly real estate financially appealing. These measures encourage developers and homeowners to prioritize sustainability, with mandatory energy standards ensuring compliance and quality.Investing in green real estate offers significant benefits. Environmentally, it reduces emissions, supports biodiversity, and conserves resources. With incentives and innovations, green homes are more affordable, and energy-efficient designs cut utility costs, offering long-term savings. Green homes also hold a competitive market edge, are future-proofed against upcoming standards, and promote health by creating quality living spaces.Consumer Demand Is Shaping the MarketDemand, or the desire of consumers to purchase a product or service, drives market activity by prompting businesses to adjust supply. In real estate, rising consumer demand, especially from environmentally-conscious Millennials and Gen Z, is fueling green investments. These generations seek homes and offices that reflect their values, prioritizing energy-efficient features like solar panels, smart thermostats, and low-flow water systems. Time Square 8 exemplifies this shift, balancing quality and affordability in Phnom Penh’s growing market with eco-friendly design elements that align with today’s sustainable lifestyle expectations. For developers, adding such sustainable elements is no longer a trend but an expectation.Green Real Estate Investments Are the FutureThe real estate sector’s significant contribution to carbon emissions and energy consumption makes sustainable practices essential. Green real estate investments allow eco-conscious investors to support sustainability while earning returns. As demand for low-impact properties grows, the green real estate market is expanding, becoming a valuable part of investment portfolios. By integrating environmental responsibility with profitability, green real estate investments contribute to a sustainable future and a healthier planet.Conclusion: Long-Term Financial and Environmental BenefitsGreen real estate investments are reshaping the industry by prioritizing sustainability in design and construction. As consumer demand for eco-friendly properties rises, alongside government incentives, developers are recognizing the financial advantages of going green. Energy-efficient buildings offer lower operational costs, higher property values, and stronger returns on investment. Moving forward, green investments will continue to lead the way in building a more sustainable, profitable, and environmentally responsible real estate market.
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Cambodia’s Digital Leap: Unpacking the Digital Economy and Society Policy Framework 2021–2035
November 12, 2024, 6:55 a.m.
In an era where digital transformation drives economic growth and innovation, Cambodia is taking bold steps to modernize its economy through the Digital Economy and Society Policy Framework 2021–2035. This ambitious, forward-thinking policy aims to position Cambodia as a dynamic digital economy within Southeast Asia by embracing technological advancements, digital infrastructure, and innovation over the next 15 years. Here’s a deep dive into what the policy entails and the transformative impact it’s poised to bring.1. Background and Vision for a Digital CambodiaThe Cambodian government envisions a fully integrated digital economy that supports sustainable, inclusive growth and improves the quality of life for citizens. As stated in the policy framework, the primary goal is to develop a digital ecosystem that not only enhances economic productivity but also aligns with global standards in digital trade, data management, and innovation. By 2035, Cambodia aims to be recognized as a leading digital nation in the region, one that attracts international investments, fosters local innovation, and strengthens its digital readiness across various sectors.2. Key Objectives of the Policy FrameworkThe Digital Economy and Society Policy Framework outlines several strategic objectives to drive Cambodia’s digital transformation: Economic Diversification: Encouraging the use of digital technology across sectors, including manufacturing, agriculture, finance, and education, to foster diverse economic growth beyond traditional industries.Inclusive Digital Access: Ensuring equitable digital access to all Cambodians, especially those in rural areas, to reduce the digital divide and enable widespread participation in the digital economy.Skill Development: Creating initiatives to upskill the Cambodian workforce, from basic digital literacy to advanced digital skills, to meet the demands of a modern economy.Digital Governance: Establishing a regulatory environment conducive to digital innovation, cybersecurity, and data protection, building trust and resilience in Cambodia’s digital infrastructure.These objectives are aimed at creating a balanced digital ecosystem that can serve both economic and social goals, integrating technology into everyday life and business operations.3. Strategic Phases for TransformationThe policy framework is structured across three key phases, each focusing on specific goals:Phase 1 (2021–2025): Building FoundationsThe first phase emphasizes establishing the foundational digital infrastructure, such as high-speed internet networks, data centers, and digital ID systems. This phase is crucial for laying the groundwork that will support broader digital adoption and integration. Initiatives under this phase include expanding internet access in underserved areas, promoting e-governance platforms, and launching digital literacy programs in schools.Phase 2 (2026–2030): Accelerating IntegrationThis phase aims to integrate digital technologies into priority sectors, such as finance, agriculture, education, and tourism. It will involve developing sector-specific digital platforms to enhance efficiency, productivity, and market access. For example, the promotion of e-commerce platforms for local businesses and agritech solutions for farmers will facilitate growth across industries and broaden the scope of digital adoption in both urban and rural areas.Phase 3 (2031–2035): Achieving Maturity and Global CompetitivenessThe final phase seeks to position Cambodia as a competitive digital economy on the global stage, with a focus on innovation, digital exports, and knowledge-based services. By this phase, Cambodia aims to be a leader in digital governance and to foster a thriving digital sector that can compete internationally, attracting tech-driven investments and nurturing a robust digital startup ecosystem. 4. Fostering a Digital Workforce and InnovationA central focus of the Digital Economy and Society Policy Framework is workforce development. Recognizing that a successful digital transformation depends on a skilled workforce, the policy prioritizes education and specialized training programs to cultivate foundational and advanced tech skills. In response to the Ministry of Education’s emphasis on digital readiness, the National University of Management established the Faculty of Digital Economy, designed to equip students with knowledge in emerging fields such as AI, IoT, blockchain, and data science. This new faculty aims to provide structured pathways into digital professions, fostering a tech-savvy workforce that aligns with Cambodia’s digital ambitions.To complement these educational reforms, the policy promotes innovation hubs and incubators that will support startups, allowing Cambodia’s youth and entrepreneurs to create, test, and scale technology-based solutions. By fostering a digitally capable workforce, Cambodia is positioning itself to take full advantage of the opportunities in the digital economy, building a strong talent pipeline that will fuel the nation’s growth in the digital era.5. Digital Infrastructure DevelopmentBuilding a robust digital infrastructure is foundational to Cambodia’s digital transformation goals, as outlined in the Digital Economy and Society Policy Framework. By investing in high-speed internet, secure data centers, and advanced cybersecurity measures, Cambodia is establishing a digital backbone that will support innovation and efficiency across all sectors, including real estate.For the real estate sector, enhanced digital infrastructure enables platforms like Realestate.com.kh to deliver faster, more reliable services to clients and agents. A stable internet network allows for seamless online property listings, virtual tours, and real-time communication, which are essential for connecting buyers, sellers, and developers. As digital infrastructure expands into more regions, it enables greater accessibility to property markets, allowing potential investors to explore listings online from anywhere, thus opening new opportunities for growth.These advancements are particularly beneficial for real estate companies that rely on digital platforms to reach a broader audience, streamline transactions, and provide transparency. With a stronger digital infrastructure, Cambodia is setting the stage for a modernized real estate market, fostering trust, accessibility, and efficiency for all stakeholders involved.6. Promoting E-Commerce and Digital TradeThe rise of e-commerce in Cambodia has been remarkable, with an increasing number of businesses and consumers participating in online transactions. The policy framework includes measures to strengthen digital trade by improving payment gateways, logistics, and customer protections. By standardizing and simplifying the digital trade environment, Cambodia aims to attract more international e-commerce platforms and encourage local businesses to expand their online presence, driving growth in the retail and services sectors.7. Building Digital Trust Through RegulationAs digital adoption accelerates, maintaining a secure and trustworthy digital environment is essential. The framework emphasizes digital governance through data protection laws, consumer protection policies, and cybersecurity protocols. These regulations aim to safeguard users’ data, ensure fair trade practices, and foster trust in digital services. By implementing these protections, Cambodia aims to create an environment where individuals, businesses, and investors feel confident engaging with digital platforms and services.8. Challenges and OpportunitiesWhile Cambodia’s Digital Economy and Society Policy Framework is an ambitious step forward, it comes with challenges. Limited internet access in rural areas, low levels of digital literacy among the general population, and funding constraints for infrastructure development are key obstacles. Addressing these challenges requires a concerted effort from both public and private sectors, as well as partnerships with international stakeholders.However, the opportunities are immense. As Cambodia progresses through each phase, the potential for economic growth, job creation, and technological innovation will expand. The digital economy opens doors for new business models, enhanced efficiency, and increased competitiveness in the global market.A Digital Future for Cambodia-The Digital Economy and Society Policy Framework 2021–2035 is a transformative vision that places Cambodia on the path to becoming a digitally empowered nation. Through careful planning, phased implementation, and collaboration with key stakeholders, Cambodia aims to unlock the full potential of digital technology. This policy framework not only promises economic growth but also seeks to create a society where digital inclusion is a priority, ensuring that all Cambodians have the opportunity to benefit from a connected world.As Cambodia moves forward, this ambitious policy stands as a testament to its commitment to embracing the digital future, with the promise of a more vibrant, inclusive, and sustainable economy for generations to come.
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Mercure Hotel Phnom Penh Breaks Ground: A 4-Star Addition to BKK1’s Skyline by The Flora and Accor
November 7, 2024, 10:06 a.m.
An internationally modern, 4-star, 36-story hotel has officially groundbreaking alongside The Flora Suites condo in the prime area of Boeung Keng Kang 1, Chamkarmon district.The Flora, a major real estate development company, has partnered with Accor Group to initiate the construction of a 130-meter-tall, 36-story international 4-star hotel named Mercure Hotel Phnom Penh. This hotel, featuring 200 rooms, is located at the intersection of Street 392 and Street 71, in the Boeung Keng Kang 1 area, Chamkarmon district, Phnom Penh.The official groundbreaking ceremony for Mercure Hotel Phnom Penh was held on the morning of Thursday, November 7, 2024, with the presence of prominent figures including Oknha, distinguished guests, national and international dignitaries, and business partners.Oknha Lim Koklong, CEO of The Flora, warmly welcomed all distinguished guests at the groundbreaking ceremony. According to him, the Mercure Hotel Phnom Penh is being constructed alongside The Flora Suites condo, also a 36-story building located in the highly desirable Boeung Keng Kang neighborhood near the Chea Sim Boeung Keng Kang High School in Boeung Keng Kang 1.Mercure Hotel Phnom Penh, part of Accor Group’s 5,300 hotels across 45 brands in 110 countries, will feature over 200 rooms, a multi-purpose hall, fine dining (Omakase/VIP Party Room), a café, fitness club, spa, sauna, library, swimming pool, children’s playground, and extensive parking facilities for cars and motorcycles.Oknha Lim Koklong further highlighted that Mercure Hotel Phnom Penh contributes to national development by providing employment and human resource growth, aligning with the Royal Government’s strategic pentagon for the 7th mandate under Prime Minister Hun Manet.The unique aspect of Mercure Hotel Phnom Penh and The Flora Suites condo is that these adjacent buildings complement each other, providing residents of The Flora Suites with access to Mercure Hotel’s services, including accommodations, dining, and more, without needing to leave the premises.About The Flora: • With over ten years of investment in Cambodia, The Flora has successfully developed three major real estate projects, including the extensive Borey The Flora project, which spans approximately 200 hectares along National Road 6A in Chroy Changvar district. • Leveraging years of real estate experience, customer trust, and the resurgence in Cambodia’s real estate and hospitality sectors, The Flora has partnered with Accor Group to officially break ground on the 36-story, 4-star Mercure Hotel Phnom Penh in Boeung Keng Kang 1, Chamkarmon district. • In addition to real estate and hospitality success, The Flora also serves as the distributor for BYD vehicles, with branches on Preah Monivong Boulevard and in Chbar Ampov district.