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The Elysee the diamond of Diamond Island
The Elysee the diamond of Diamond Island
June 6, 2022, 5:01 p.m.
It’s not lost among residents that Phnom Penh’s once tame skyline has grown more imposing over the years. Structures of concrete and steel loom over the city’s pagodas, shophouses, and colonial neighbourhoods as developments rise after another. But in the middle of this rough concrete jungle, a hidden gem symbolising the city’s rise as a regional economic hub can be found.The Elysee by Dara, a residential development by Dara Hotels, is located in the French-inspired suburban area of Diamond Island, widely known as Koh Pich and is designed after the majestic Arc de Triomphe. The Elysee pays homage to the iconic French monument as its surrounding buildings take inspiration from the townhouses and boulevards that make Paris one of the most famous cities today. Concrete shophouses line the vicinity of The Elysee, as well as offices and other commercial spots giving it the proper ambience of a mini-Parisian neighbourhood.Much like its namesake, The Elysee’s residential units feature living spaces fit for a president. Rooms are spacious and fit for families with 2 to 5 bedroom units available. All units are designed to allow residents to get from one room to another seamlessly. Big windows line where there’s a sight to be appreciated, a benefit worth double its value to renters who are now enjoying spectacular views of the Mekong River.Units are fully-equipped with modern furnishings that fulfil every renter’s wish for a comfortable life. Modern conveniences such as Cable TV and Internet WiFi are also available upon turning the key so as not to trouble tenants of applying for a connection. Additional comforts are also offered through regular services such as housekeeping - a bonus to some, but a much welcome benefit to anyone who appreciates the peace of mind.Being cooked up in a nice apartment all day isn’t the vision of most would-be renters, at least, it shouldn’t be. The Elysee’s comforts extend well beyond its spacious rooms. Renters who are looking to stay active by exercising can find the lifestyle they’re looking for in its well-equipped gym. While those who seek to work out a sweat in a more relaxed fashion can lay back and enjoy company or solace in the steam & sauna.But what is a Parisian-style neighbourhood without the staples of a modern city? Koh Pich island lies to the east of central Phnom Penh and is directly connected to the mainland via four bridges. Being situated right along Koh Pich street, The Elysee’s main road access leads directly into the southern bridge entering a crossroads between the de-facto CBD, Daun Penh, versus the quaint-but-developing area of Chamkarmon. Both areas house the city’s most premier attractions and entertainment spots; The Elysee’s renters never go wrong if they want to experience everything Phnom Penh has to offer.Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.kh
Wealth Mansion’s top tier property service makes a dream home more than a luxury
Wealth Mansion’s top tier property service makes a dream home more than a luxury
June 6, 2022, 10:47 p.m.
Chroy Changvar district, a peninsula in the northeast of Phnom Penh and parallels the heart of the downtown connected by the Cambodia-China Friendship Bridge and Cambodia-Japan Friendship Bridge. The district is an oasis hemmed by the Tonle Sap and the Mekong River while not being far away from everything else. A regional plan is currently underway within the district to conserve its distinct ecological features; an endeavour to make Chroy Changvar a unique home to content souls.Several large scale projects such as the OCIC satellite city, large borey developments, and high-rise apartments have opened to welcome more residents into the district. And to make the district’s growing population feel at home, many cafes, restaurants, and other commercial endeavours have popped up to cater to their daily needs. In just 10 years, Chroy Changvar has been transformed from a barren piece of land on the outskirts of Phnom Penh into one of the districts experiencing break-neck speeds of developments, far outpacing other suburbs in Phnom Penh.From business elites to academic leaders, Chroy Changvar has slowly been turning into the home of Cambodia’s finest - mainly thanks to the rapid cultivation of urbanization through tourism, commercial & entertainment developments, and most importantly, education.Phnom Penh’s real estate has largely been driven by the demand for high-end residences, particularly in the busy area of Chamkarmon where high-end mix-used skyscrapers dominate the skyline. Chroy Changvar offers a breath of new opportunities for residents and investors looking to expand into other districts and take advantage of Phnom Penh’s dynamic development.The highlights of Chroy Changvar you may want to know☞ the local branded five-star hotel - Soka Hotel;☞ the first theme zoo - Phnom Penh Safari☞ the first Asia’s top entertainment and the largest waterpark destination - Garden City Water Park☞ a 18-hole golf course in the Phnom Penh Garden City☞ the stadium for Southeast Asian Games 2023☞ the modern age malls like the Marko and the Central☞ the best facilities in Phnom Penh, such as the Sunrise Japan Hospital Phnom Penh, Cambodia University of Technology, the Norton University and many more.If these stunning elements promote Chroy Changvar district as a tourist hub of modern Phnom Penh, then serviced residences like Wealth Mansion are necessary for Chroy Changvar to become a choice residence and eventually develop into a business district.About Wealth Mansion The Wealth Mansion project, started in June 2019, occupies the scenic riverside line of Chroy Changvar. This mixed-used development will be crafted into 45-storeys with a height of 166 meters sitting along a well-connected traffic network. It is close to the new Municipal Hall and the Southeast Asian Games venues. Boeung Kak District, Wat Phnom, the Riverside, and other attractions are within the good view of the project.The contractor is China Construction Third Bureau, a state-owned enterprise. All the teams involved are dedicated to ensure the smooth progress of the project supported by capital strength, technical capabilities, and quality control.With its superior location and meticulous design, the Wealth Mansion ensures that every unit is a dream home that is suitable for buyers and renters alike.Ecology on the outside and elegance on the insideThe design of the Wealth Mansion absorbs elements unique to the Chroy Changvar peninsula, such as the pleasant ambiance and the well-preserved ecology. The Wealth Mansion, set to be an innovative architecture with melded benefits of investment and residence, is designed by Rixing Design, the designer of national pavilions of the World Expo.Accordingly, Wealth Mansion’s architects made good use of natural ventilation and lighting with layouts consisting of a verdant facade, water features, central gardens on each floor, and open corridors. The Wealth Mansion is a comfortable dwelling on minimum energy consumption, thanks to the creation of an independent three-dimensional ecology.Wealth Mansion's smart floor plan enables every resident to have a unique life experience for its reasonable layout, aesthetic design and practical functions. The two-bedroom apartment units' design focuses on bedrooms, kitchens and balconies. The master bedroom comes with an en-suite bathroom. Residents can enjoy a more delicate family living atmosphere.Each apartment is fully furnished with modern equipment, appliances, and other fixtures that make moving in a lot easier.The Wealth Mansion also has a ‘worry-free’ service package for its home-buyers, which allows owners to check on the lease, maintenance, and rental collection of their properties in a timely manner.Facilities and servicesYou will not find any lack of luxurious experiences thanks to plentiful first-class facilities provided by Wealth Mansion. There is a massive parking area with 830 parking spaces designed for convenient driving in and out.A 400-sqm state-of-art fitness centre, 1,000-sqm swimming pool, stylish spa centre, restaurant/café, conference room/multi-function hall and more, will certainly give some highlights and a touch of lavishness to one’s day-to-day life. On top of that, comprehensive services, including 24-hour security, super comfortable lounge room at the lobby, concierge service, and home cleaning service, all make your stay easy and peaceful.Branded property service, more income generatedONYX Group is based in Thailand and signed a contract with the developer of the project to operate the first five-star apartment hotel in the district.ONYX Group is a leading company in hotel management with 50 years of business experience across the Asia-Pacific region with its core enterprise in the hospitality industry focusing on world-class efficiency and oriental etiquette.It is a good example of excellent international operations and professional ethics. In its property management sector, it values transparency and consistently works to develop strategic partnerships with owners. It focuses on the needs and concerns of the property owners as a business driving force and path to success. In addition, ONYX's Shama will operate hotel serviced apartments at the Wealth Mansion.About ShamaShama, who has advanced in serviced apartment management, is one of the leading internationally renowned brands that brings unlimited lifestyle to its customers and partners, with businesses in the Asia Pacific region, including Hong Kong, Shanghai, Guangzhou, Hangzhou, Chengdu, Daqing, Bangkok, Thailand, Melbourne, Australia, and Malaysia.Its achievements have been proved by a numbers rewards, such as the best serviced apartment operator in Asia of Asia Hotel Awards 2012-2018, the best serviced apartment operator of High Flyers Award 2017-2018 by <Hong Kong Business>, and the best luxury serviced apartments in China of the 10th World Luxury Hotel Awards 2016 etc.ONYX offers a wide portfolio of hospitality brands, including the market-leading Amari brand of hotels and resorts, Shama serviced apartments and the midscale OZO hotels, design-oriented hotels YOO Collection and Yoo2, and Breeze Spa. With offices in majorpan-Asian cities such as Bangkok, Shanghai and Melbourne, it provides innovative management solutions across Asia Pacific.Ownership of Wealth Mansion’s apartment comes with a “worry-free” property service package, which allows the owner to follow up the lease and maintenance status of the property, and ensures rental income can be claimed in time.The Wealth Mansion is the confident debut of Everhealth International Investment Development Co., Ltd., to engage in real estate in Phnom Penh with its business philosophy of “to standardize, to maximize, to innovate, to lead”. The contractor is the state-owned enterprise, China Construction Third Bureau, who is dedicated to smooth delivery of the project by technical capabilities and quality control.The average sales price of apartments is $2,200/sqm. It is set to be handed over by the end of 2021. The developer provides a 2-year guarantee of a rental return, and property operations carried out by Shama.With a prime location and ambitious planning, Wealth Mansion is a perfect option for a comfortable, luxurious dream home as well as property appreciation and rental profits that should not to be missed.Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.kh
Titan Stone Group launches 4 new investment projects in Cambodia
Titan Stone Group launches 4 new investment projects in Cambodia
June 6, 2022, 5:01 p.m.
Titan Stone Group, a Hong-Kong based investment firm, held a launch event last March 1 to announce the expansion of its business portfolio in Cambodia. The investment group cited, through a press release, that the fast rise of Cambodia’s economy presented an opportunity to attract more investors in the country.Titan Group announced its expansion in the country through a 4-in-1 inauguration event attended by H.E. Dr. Hun Manet, the Deputy Commander-in-Chief of the Cambodian Royal Armed Forces, along with many dignitaries from Cambodia’s business and financial sectors.Titan Stone Life InsuranceTitan Stone Group launched its Titan Stone Life Insurance with a short-term, high-interest rate saving policy to meet Cambodians’ need for financial planning and life insurance. Titan Stone Life Insurance will have additional packages covering group insurance, medical insurance, and personal accident insurance. With Cambodia’s largely young demographic, insurance will not only guarantee the future of Cambodian families but also give them a tool to manage their wealth.Picasso Sky GardenFollowing the success of Picasso City Garden and KY iCenter, the event formally launched the Picasso Sky Garden as the group’s new residential project in Phnom Penh. The new development adopts a mezzanine architecture concept that creates a multi-purpose space conducive for both living and entrepreneurship; representing an exquisite loft-style home in Phnom Penh.The Picasso Sky Garden adds to Titan Stone’s portfolio of advanced and high-quality projects in Cambodia.Titan Stone Financial TowerThe Titan Stone Financial Tower is a new project offering the first 5A+ office spaces in Cambodia. The new office building will be built with intelligent technology and a 4R green energy concept. The Titan Stone Financial Tower will be built within the Intelligent City Oasis in the heart of Phnom Penh.Titan Stone Special Economic ZoneLocated adjacent to the major ports of Sihanoukville and Kampot, the Titan Stone Special Economic Zone will focus on scientific and technological advancement within the Kingdom. The new SEZ, once fully operational will attract other high-tech industries to move in. The development of the SEZ is expected to introduce new opportunities to learn high-level skills that will benefit Cambodian workers.H.E. Dr. Hun Manet praised and recognised Titan Stone Group’s efforts in investing in Cambodia by bringing in advanced technology and resources from the global markets. Dr. Wea Chilin, Chief Consultant of Titan Stone Group, shared the optimism believing that Cambodia has rich resources, an excellent geographic location, and the freest and open economic policy in Asia.Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.kh
Realestate.com.kh launches the Home & Lifestyle Expo for 2020
Realestate.com.kh launches the Home & Lifestyle Expo for 2020
June 6, 2022, 5:01 p.m.
Realestate.com.kh kicked off the sixth iteration of its massively popular expo series on Tuesday morning at Lyve Inc Hotel & Residence, pushing the real estate and related industries to new heights with its latest event, the Home & Lifestyle Expo 2020.The Home & Lifestyle Expo series was first launched last year by Realestate.com.kh’s founder Moek Chenda and the company’s CEO Thomas O’Sullivan with the vision of creating an event where buyers secure some of the best deals in real estate, automotive, retail and more- targeting middle to affluent locals and expats based in Cambodia.The first, Home & Lifestyle Expo 2019 was a major success that broke the country’s biggest property sales event ever in Cambodia with a whopping $ 30 million in sales and attracted over 20,000 visitors. Home & Lifestyle Expo 2020 is more than just real estate“After surpassing everyone's expectations last year, we are confident the Home & Lifestyle Expo 2020 will once again be the country’s biggest property & lifestyle event of the year with even more exhibitors, visitors and sales than ever before. We are really excited to bring back the Home & Lifestyle Expo to the Cambodian market, especially to those who are considering purchasing their first homes, investment property, cars, jewelry and more,” said Thomas O’Sullivan, Realestate.com.kh CEO.“Ultimately, our goal is to give Cambodian families an opportunity to get the best deals of the year, and to create a space - or experience of sorts where they can have a great day out together,” Mr Thomas said.“Picture yourselves and your family at an event where you can not only come and buy your first home or investment property, at The Flora for example, but also take part in one of the workshops, speak to the leading schools in Cambodia, entertain the kids in one of the children-friendly zones, have some lunch in the food section powered by foodpanda, buy some exclusive jewellery from Lukfook Jewellery Cambodia and finish the day test driving a potential new car from MG. This event gives any local or international an in-depth overview of what Cambodia has to offer, not only in housing but also in tech, retail, lifestyle and more,” he added.Home & Lifestyle Expo 2020 will be taking place on the 7th and 8th August 2020 at Koh Pich Exhibition Center with each day starting at 10:00 am and finishing at 7:00 pm on Friday to allow people to come after work and 6:00 pm on Saturday.Besides real estate, there will be exhibitors from ancillary businesses including banks, microfinance institutions, design, construction and insurance firms. As well as cars, motorcycles, mobile phones, appliances, furniture, devices, jewellery, sportswear, fashion and more.Better yet, attendees to the Home & Lifestyle Expo 2020 will also have chances to talk with representatives from some of the country’s leading financial providers to find out more regarding loan requirements and procedures for homes, cars and more.Visiting the Home & Lifestyle Expo 2020 is a perfect family day out together and also includes food and drink vendors powered by foodpanda Cambodia as well as fun activities for family and kids to enjoy together such as the bouncy castle and face painting.Realestate.com.kh’s recent acquisition of B2B Cambodia also means that the event will now be opened up to a whole new database of Cambodian and international business professionals looking for services in the Cambodian market including legal, accounting, audit and others as well as products including commercial real estate, loans, cars, high-end retail brands and more.Strategic partners key to making this event possible include: global online food delivery - foodpanda, The Brand of Hong Kong, Sparkling the World, Including Cambodia - Lukfook Jewelry, FUNNY Water, as well as media heavyweights Tnoat News, Khmer Times, Sing Meng Media, Fang.com and Panasia LifeWin big at the Realestate.com.kh Home & Lifestyle 2020Apart from securing the best deals in real estate and other high ticket items, attendees will all go into the draw to win some of the biggest prizes ever seen at similar events, including speakers, phones and merchandise with the biggest winners taking home 100% genuine jewelry, courtesy of Lukfook Cambodia.Sponsors  B2B Cambodia, EZECOM, Lukfook Jewellery Cambodia, Foodpanda & FUNNY Water.Cambodia’s leading companies and developers already onboard Tnaot News, Sing Meng Media, Morganford Investment (Cambodia) Co., Ltd, Urban Village, La Vista One, Garden One, Huibang International Real Estate Co.,Ltd, Prince Huan Yu Real Estate (Cambodia) Group, Creed Development Group, JV Parc 21 Residence, The Peninsula Private Residences, The Hexa Condo, Golden Century, Dara Sakor, E City, Borey VIP, Borey Lorn City, Borey The Flora, Borey Mongkul Phnom Penh, Borey Eden Garden, Aristo Developers, CBRE Cambodia, Pointer Real Estate, LL Property Services,Urban Living Solutions, MZ Design, ACMA Hitachi, Lotus Broadcasting Services, E&A Consultant Co., Ltd, At Solutions, Camprof Properties, Leedon Heights, LE CONDÉ BKK1, AIMSCambodia, Modern House 01, Beyond Design, KH Land, Modern Condo, Yue Aston, Monet & Go Home Condo, Romdual City, Rest & Go, CAR 4 you bringing LEVDEO, E-GREEN & FOTO Brands and TF Motors (Cambodia) with the brand MG.Media partnersKhmer Times, B2B Cambodia, Sabay, Nice TV, Property Area Asia, Fresh News, Sing Meng, Panasia Life, Thmey Thmey, Business Khmer, Business Cambodia, Grep Tech, 58.com, Enjoy Cambodia, Veha, BritCham, EuroCham, AmCham, and many more.Register now for express entry!Article by:
The Hexa delivers confidence through pursuit of quality
The Hexa delivers confidence through pursuit of quality
June 6, 2022, 5:01 p.m.
Russey Keo, a promising suburban district at the northern part of Phnom Penh, holds plenty of opportunities for land development alongside up-and-coming districts such as Chroy Changvar to the east, and Sen Sok and Toul Kork to the west, and south-west, respectively.Roads in the area are well connected by major roads such as Preah Sisowath Quay which leads to the tourist hotspot of Riverside and the Cambodia-China Friendship leading to the fast-developing area of Chroy Changvar, among many others. Small rivers and museums are also present in Russey Keo, giving it a small touch of Cambodia’s inherent natural beauty and cultural richness.The SJS Group, a joint venture between Taiwanese and Cambodian businessmen launched a 31-storey condominium in this area - The Hexa Condo, to meet the increasing demand of Phnom Penh residents for a simple yet high-quality residential property in the new decade.The Hexa was developed by SJS Group, a Taiwan-based developer with more than 20 years of development experience. Its series high-quality properties range from boutique to luxury developments spread throughout Taichung City in Taiwan. The developer’s popularity is well-known among Taiwan’s real estate market as SJS Group consistently boasts 100% sales.. The SJS1 Borey, the first project they developed in Cambodia, became a hit and quickly sold 100% of its units.The Hexa Residences is located in Russey Keo and borders the northwestern part of Toul Kork. Its location allows residents to enjoy the advantages of Russey Keo’s lower property prices and at the same time, enjoy the many commercial offerings in Toul Kork and Sen Sok. The Hexa is part of SJS Group’s development philosophy of developing top-level buildings on land of good value.SJS Group’s team of experienced architects designed The Hexa with both aesthetics and function in mind will little-to-no compromise. Their work developed The Hexa into an attractive home as popular as the prime developments in more developed areas like Toul Kork.Alongside its residential options, The Hexa features a cluster of office spaces, available for companies looking for a reasonably priced foothold in Cambodia’s growing economy.The Hexa meets the increasing demand for high quality and comfortable residences while maximizing cost-effectiveness. It offers permanent ownership of these properties starting at $40,000 that include a variety of property services.A life of dreams fulfilled at The HexaThe residence sits on an area of 1,578 sqm and boasts 576 apartments, parking spaces on 1st to 4th floor, and office spaces occupying the 29th and 30th floor.Variety of apartments range from one to three bedrooms, and between 30 to 64 sqm of net area. The ground floor serves as a lobby, with a feature of Brainstorm co-work space that breeds creativity and fosters the potential of tenants working there. Other services include a concierge and property management.Amenities such as a gym, swimming pool, and romantic sky bar atop the building are exclusive for residents to enjoy. It’s easy to envision a cozy and energetic lifestyle at Hexa Condo.The residents can also enjoy personalized home services, maintenance and security, vehicle check-in, private secretaries, rental and accounting, letters and messages, laundry, and even breakfast as part of living in The Hexa.Various public facilities provide both richness and convenience to one’s daily routineThe city centre of Phnom Penh is just a 10-minute drive from The Hexa.☞ Take your time in exploring the city, you can also choose the city bus, take the No. 7 bus, and you can reach all areas along Road 271.There are plentiful retail businesses in the neighbourhood, and Toul Sangke Hospital and many other clinics located on 103rd Street.On top of that, many schools are nearby, including Golden Gate International School, Western International School, Beijing International School, Paññāsāstra International School, and Paññāsāstra University of Cambodia. Multiple routes from The Hexa connect to TK Avenue, Oriental Culture Square, Eden Garden commercial area, Makro, Mega Mall. Local and international food can be found within a healthy proximity of The Hexa, and of course, Starbucks, Koi, Brown, Amazon, Chatime and other well-known brands of coffee and tea are not absent in the nearby neighbourhood.City Golf Course is nearby for golfer-residents.Besides more than a hundred private clinics, there are also advanced medical services available at Victoria International Hospital and Calmette Hospital around.Delivering confidence through the pursuit of qualityDuring its over 20 years of development, SJS Construction & Development adheres to the policy of selective landholding and maximizing value of property. Setting a series of strict bars for construction to steel developments against earthquakes and typhoons, SJS has always worked with Taiwan-certified Class A builders to offer the safest buildings, of which buyers’ interests are assured, and residents can live with sound peace of mind.SJS Group's team of professionals will handle everything post-purchase that matters, including escrow, rent, and resale for overseas owners.According to the latest Toul Kor’s rental rates, one-bedroom rent starts from about $350 per month; and $600+ or $850+ per month for a two-bedroom or three-bedroom apartment. Therefore, the annual return on investment of Hexa Condo can be expected to reach 9%. More enticingly, Hexa Condo is reasonably priced at a lower threshold.Take a close-up view at the Hexa Condo project, which will likely become one of the most successful projects of SJS Group.Hexa condo payment termsFull Payment: Deposit of $1,000, sign in 1 week with 30% down payment, 70% paid in 1 month.Install Payment of 3 years: Deposit of $1,000, sign in 1 week with 30% down payment, 70% instalments from 2nd to 36th month.One bedroom, size 35.31 sqmAt this time, this is the low-start unit type which price ranges from $48,000 to $54,000. It is located by the atrium and has a simple but well-organized layout with full furnishing. It is more suitable for an investment on a short-term rent like hotel rooms. Based on the management and services provided by the developer, home investment with this one-bedroom is hassle-free.One bedroom, Premium, size 37.71 sqmThis typical one-bedroom unit type is well-designed, stylish, and elegant. The living and resting area is well balanced and undisturbed. It also has a balcony open to a nice view, where you can welcome the cool morning breeze while enjoying a healthy dose of sunlight. The bedroom also has an outreach area to bathe below the sun or enjoy a read or chill-out.Two-bedroom, net area from 39.01 to 53.8 sqmThis is a two-bedroom unit with an ensuite bathroom. The interior design is stylish and elegant, with living and resting areas laid out in a good balance and undisturbed, and a balcony as well. It is a smaller yet lovely family space.Three-bedroom, two-bathroom, net area of 63.93 sqmThis is the unique type of three-bedroom unit at Hexa Condo with double bathrooms. It dots on a corner of each floor, so that it has two open balconies beside its living room and comes with a bigger bedroom. The compact layout effectively utilizes space and creates a perfect combination of simplicity and comfort.Office spaceOffice spaces can be found on the 29th and 30th floor with 17 types of units with net areas ranging from 35 to 86 sqm. State-of-the-art design with different sizes and other inclusions will fit the needs of different kinds of businesses either large or small.Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.kh
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Prince Happiness Plaza prime office space in Phnom Penh’s CBD
Prince Happiness Plaza prime office space in Phnom Penh’s CBD
June 6, 2022, 5:01 p.m.
There are studies suggesting that a person spends an average of 10 years of their 78 life-years at work. If we include overtime work, that’s another 14 months added to an already significant amount of time spent on the grind.Obviously, one’s work plays an important part in people’s lives and a good working environment makes the time spent at work at a lot more productive and beneficial to anyone’s career.5A grade office space has become the best choice for companies thanks to selective locations, full range of facilities, and an atmosphere fit for the business.The noticeable differences between 5A offices and mediocre ones lie in the premium business space with top-tier comforts and the humanized office experience. It is not a simple compartment made of concrete, but a place suited for cooperation and productivity.The Prince Happiness Plaza, a landmark development in Phnom Penh’s CBD, is providing world-class office spaces. It offers both a sense of awe from its design architecture and more importantly, an environment beneficial for careers and contentment.How would you imagine your career in the Prince Happiness Plaza?Leisure communeTake your time to prepare for a new day as there’s no need to worry about beating the rush hour traffic. Your office in the Prince Happiness Plaza sits along the Monivong Boulevard ringed by Road 271 and Hun Sen Boulevard. The building is equipped with 11 high-speed elevators which quickly bring you to your office floor, regardless of rush hour traffic.Dullness-freeA dull day can be quite the stress on its own, more so if that added up to actual stress from your workload. Prince Happiness Plaza’s mirror-like glass walls offer expansive views of the beautiful cityscape, a scenery perfect for when you just want to sit back and relax. Offices also offer a grand view of the Mekong and a nighttime view of the shining lights along the riverside, giving any overtime work you may have an invaluable set of sights you can rest and enjoy.Moreover, office spaces in Prince Happiness Plaza have a flexible combination of floor plans with sizes ranging from 41-2294 sqm specifically designed to meet the various needs of businesses and their workers. The layout on each floor also includes segment of atriums for rendezvous or small events, meaning a team rapport or networking can naturally come along.Funs at the doorstepTo indulge yourself with kinds of joy after a workday at the Prince Happiness Plaza is just a few steps away from your door. Find a nice place to hang out with friends or colleagues, or go to a movie after a fine meal, or enjoy a shopping spree ... all is there for you in and out of the Plaza. Prince Happiness Plaza, a building in Phnom Penh CBD with a floor area of 800,000 sqm, is a commercial centre with shopping streets, a super large shopping mall, a five-star hotel, serviced apartments. In a few-minute drive, you may reach many more mega-retailers, such as AEON 3, Peng Huoth Mall, Russian Market, and Central Market. So to say, all you would like to have for a happy hour can be reached in no time.More details of Prince Happiness PlazaThe ideal space for work of today usually comes with a modern structure, easy access, and surrounded by a decent neighbourhood - Prince Happiness Plaza offers all of these and more. It’s only a fine choice for urban elites, it also serves as a testament to any successful business.Prince Happiness Plaza is located in the heart of ​​southern Phnom Penh, a part of town seeing continuous growth. Famous landmarks, such as the Independence Monument, National Museum, and the Royal Palace are nearby. A cluster of embassies, including Australia, Japan, Thailand, Russia, Malaysia, among many others are within reach.Modern medical institutions such as the First Center Polyclinic and Bayon Hospital, and international schools such as ISPP, PARAGON, and Royal University of Law and Economics are all within a 2-kilometre radius. It is also close to tons of leisure and entertainment which includes AEON 3, PH Mall, Russian Market, Central Market, Sofitel Hotel, Bassac River Restaurant, and Naga World. Occupants of the Plaza can easily enjoy all the offerings from a wide range of available amenities.Additionally, Prince Happiness Plaza is located right along Monivong Blvd, well within the area where Monivong, Road 271, and Hun Sen Blvd all merge - allowing for quick access to the heart of Phnom Penh, the airport, and basically anywhere else in the city!Seize a spot in the heart of a rising stage, where an icon will soon stand! Do not miss out on the metropolitan luxury residence (MERRYLAND) and its office assets (SKYRISE), both available for international sale!Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.kh
UPDATE ON “THE PEAK” PROJECT IN CAMBODIA
UPDATE ON “THE PEAK” PROJECT IN CAMBODIA
June 6, 2022, 5:01 p.m.
28 February 2020 - The Peak is a 55-storey mixed hotel development project comprising one tower of hotel and offices, two towers of residential units, a retail mall and a multi-story car park (the "Project"), which is being developed by Oxley Gem (Cambodia) Co., Ltd. ("Oxley Gem"), a subsidiary of Oxley Holdings Limited. Sino Great Wall International Engineering Co., Ltd. ("SGW") was engaged as the main contractor for the Project.Unfortunately, due to financial difficulties faced by the parent company of SGW and their continued mismanagement of the Project, the Project was wrought with significant delays and difficulties. Oxley Gem, as the developer of the Project, had repeatedly sought to assist SGW to meet the contractually stipulated timelines and even granted goodwill extensions to SGW. However, there were no significant improvements in the performance of SGW and it became apparent that it was not possible for SGW to complete the Project within any reasonable timeframe in the foreseeable future. In order to mitigate any further delays in the Project, Oxley Gem decided to terminate the contract with SGW in October 2019.Oxley Gem has since vetted and appointed another main contractor, China Railway Urban Construction Group Co., Ltd. ("CRUCG"), which is a state-owned entity in China with a strong financial position.Upon termination, SGW was required to vacate the site in order for CRUCG to complete the Project. In defiance of its contractual obligations, SGW refused to vacate the Project site and wrongfully occupied the site. This has caused further delays in the Project as CRUCG was not able to enter the site to commence work on the Project.Oxley Gem proceeded to commence legal proceedings to seek an injunction from the Cambodian court to evict SGW from the Project site and to enable Oxley Gem to exercise its lawful rights as developer and owner of the Project. In the course of the injunction proceedings, SGW was given due opportunity to respond and present their case. However, SGW chose not to do so and the Cambodian courts found merit in Oxley Gem's case. Oxley Gem successfully obtained an injunction order to evict SGW, their subcontractors and their workers from the Project site on 14 February 2020.On 25 February 2020, the Cambodian court appointed bailiff commenced the execution of the injunction order at the Project site in a legal and proper manner with the support of competent governmental authorities. SGW was highly uncooperative with the court bailiff and resisted compliance of the injunction order, eventually causing an altercation with the authority. Oxley Gem is advised by its lawyers that such obstruction by SGW to the enforcement of a court order may constitute a criminal offence under Cambodian law.The court bailiff eventually successfully escorted all SGW personnel from the Project site. As of today, Oxley Gem has regained full control of the Project site and CRUCG will be commencing work on the Project as soon as possible.Oxley Gem is currently instructing its lawyers to seek compensation from SGW for all damages suffered due to the various breaches of contract and the misconduct of SGW.Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.kh
Realestate.com.kh livestreams on prop-tech giant Fang.com to update Cambodia’s property market
Realestate.com.kh livestreams on prop-tech giant Fang.com to update Cambodia’s property market
June 7, 2022, 4:06 a.m.
Whilst Cambodia’s economy continues to grow at close to 7% year on year and experiencing booming agriculture, manufacturing and property industries - recent global events of coronavirus outbreak has caused a slowdown in tourists numbers globally.Realestate.com.kh does not have the official inbound tourists numbers for Cambodia since the coronavirus outbreak, however, it is being reported via international media that there is a slow down in tourism in general.To combat this, the team at Realestate.com.kh wanted to continue spreading the message that Cambodia is open for business. The country remains a booming economy that is attractive to both local and international investors, multinational companies and more.On Tuesday afternoon Realestate.com.kh launched its first live stream about the Cambodian property market on Fang.com which received a remarkable 40,000 followers and over 10,000 viewers and over 8,000 likes.The CEO of Realestate.com.kh Thomas O’Sullivan noted “Cambodia remains one of the most under urbanised markets in the region, and with urbanisation rates set to climb from 20% two years ago to 36% by 2035 there is simply a need for more housing in the main cities in Cambodia, which posses a great opportunity for international investors, they can be confident that their units will be occupied by renters, which means they will be getting a return on their purchase. We generated 100’s of leads for Cambodian properties during the live stream”This innovative way of bringing Cambodian property to the world via live stream is just one of the ways Realestate.com.kh intends to play its part in continuing to help its clients and promote Cambodia.Realestate.com.kh will be profiling real estate agents, developers and providing market updates on every Tuesday at 3:00 pm on Fang.com.If you are a property developer, real estate agent or generally want to continue the mission to promote Cambodia, you are more than welcome to join one of the panel discussions over the next few months.If you are a current client of Realestate.com.kh please contact your relationship manager, otherwise please contact:Nin Kang (Chinese / Khmer)+855 (0)78 637323nin.kang@realestate.com.khAlex Sing - English (Real Estate Agency)+855 (0)15 583420alex.sing@realestate.com.khTyler Stuart - English (Property Developer)+855 (0)12 599669tyler.stuart@realestate.com.kh Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now!Article by:
Realestate.com.kh acquires B2B Cambodia
Realestate.com.kh acquires B2B Cambodia
June 6, 2022, 5:01 p.m.
Realestate.com.kh, Cambodia’s number 1 real estate platform, recently acquired B2B Cambodia, a website that offers the most trusted online resources for business investors, owners, managers and multinational companies looking to expand operations or set up a business in the country. The website attracts thousands of visitors from all over the globe every day, with the leading countries being The United States, Singapore, Thailand, Malaysia, Vietnam, Australia and of course Cambodia.Thomas O’Sullivan, realestate.com.kh’s CEO said the acquisition of B2B Cambodia was exciting as the essence of B2B Cambodia aligns with Realestate.com.kh’s core values as it helps create transparency in the market, makes it easier to navigate the business landscape and helps Cambodia improve as a country.Mr. O’Sullivan said “We have been working with B2B Cambodia for the past 5 years, so it was a natural decision for us to acquire the website. Multinational companies and individuals looking to move to Cambodia to set up a business, or create a life in the Kingdom, are of course looking to buy and rent homes as well as searching for commercial real estate whether it be office space, retail shops and more.”“We believe that this adds even more value to our clients in generating leads, particularly anything related to commercial property as well as ancillary services to the real estate market including telecommunications, business advisory, law firms, banks, insurance and relocation companies. We are also passionate about providing companies and individuals with a definitive guide to life and business in Cambodia, including profiling the leading schools, guiding users to embassies or consulates, facilitating potential job opportunities and more.”Realestate.com.kh’s acquisition of B2B Cambodia was facilitated by Cambodian Investment Management (CIM).Anthony Galliano, CIM’s CEO said, “B2B Cambodia has remains an invaluable source of information for anyone doing business in the Kingdom.”Established in 2012, B2B Cambodia was created with the ultimate goal to help professionals setting up and managing businesses in Cambodia. The website offers news, market overviews, guides and has the most comprehensive directory of business operations in the Kingdom.Steve Noble, the editor of B2B Cambodia, said recently the team has been working hard behind the scenes to make the website more relevant, including updating and inputting content that is valuable for readers, particularly anyone looking to do business in Cambodia.He alluded to further changes saying, “From a technical point of view, there are a lot of enhancements we are rolling out, some of which may not be as obvious from the start, but we have a bold and achievable plan to make us an indispensable resource for all businesses in Cambodia,”B2B Cambodia has already launched the live chat support, which has generated 100+ leads in relation to business registration, tax, audit, banking, finance and real estate.“It will also be important for us to listen to our customers to understand what is most important for them in delivering key information in this fast-changing business environment,” he added.Aside from the constant flow of business guides, related news and industry overviews, one of the most popular resources and high traffic pages on the website is the business directory. Users can find leading Cambodian companies and contact information, that makes life in Cambodia all that much easier to navigate.If you are interested in adding your business to the ever-growing directory on B2B Cambodia or have any questions in relation to B2B Cambodia please contact your relationship manager at Realestate.com.kh orSteve Noble steve.noble@b2b-cambodia.com Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.khArticle by:
Why more and more investors eyeing on large apartments
Why more and more investors eyeing on large apartments
June 6, 2022, 5:01 p.m.
The essence of happiness can be found in simplicity,A large and comfortable bedThe sunshine casting on your balconyA cozy space for peace and solitudeBut deep down, all you need is the feeling of warmth and joyAt a place, you can genuinely call home.Cambodia's growth and improving economyEnable her people to dream of greater pursuits.On top of urban developments, location, and modern considerationsThe quality of an apartment has been redefined with higher standardsLarge homes have become a good part of a sought-after lifestyleEspecially for inhabitants in the Khmer megalopolis.Choose large apartments for a new life experienceLive a life of new experiences in Prince International PlazaA cutting-edge product of the Spirit of CraftsmanshipOffers you a tailor-made and quiet luxury of 157-sqmWith a smart layout in practical partitionsNot only in the function of each room, but in form, as wellThe well-designed large apartment by the Prince Internationalwas molded in the essences of aesthetics, activity, comfort, and spaceIt’s where a happy life for quality-seeking families comes from.Space of aesthetics at Prince International PlazaHere’s a vision of life in a big apartment, Wake up to a ray of gentle sunshine in the fresh morningStretch out in your roomy space while enjoying a family timeTake advantage of the generous sense of space with open viewsA rich combination of landscape and lively atmosphereOwn an ample and refined property up in the skiesA year-round invitation to breeze and sunshineSpace of personal interests at Prince International PlazaThe large living room is important for quality time with familyThe functional layout accommodates unique personalitiesMultiple partitions allow families to enjoy one’s own hobbies in privacyThe spacious and bright space is also a place of inspirationSit in contemplation whilst appreciating the beautiful sceneryShare the harmonic ambience while spending time with friendsLife can be so vivid and excitingA sense of harmony across generations at Prince International PlazaWhoever you may beA couple of newlyweds or an extended familyA home of 157 sqm has all you will need in the new chapters of your lifeA flexible space, just for you, at Prince International PlazaBe it stretching out and reaching for the open sky every morningOr having a mini greenhouse or a yard to play with the kidsPerhaps even a private study to explore your interestsYou have the freedom to realize the lifestyle you wantLive a life according to your tastesLarge apartments have become a popular choice among home buyersDo not miss out the options at Prince International PlazaRange from 50-sqm studio to 157-sqm family home.Realestate.com.kh is proud to bring the first Black Friday Property Sale to the Cambodian real estate market. Register now to secure the never-before-seen big discount from projects across Cambodia. If you are a developer and want more information about this event please contact:Nin Kang+855 78 637 323+855 93 552 305nin.kang@realestate.com.khSoun Sumey+855 77 241 285mey.soun@realestate.com.khIf you are a real estate agency, media platform, bank or related business and want to join as an affiliate please contact:Chen Huyhong+855 98 526 671cheng.huyhong@realestate.com.khSun Rattanak+855 17 884 161rattanak.sun@realestate.com.kh
The Sky Villa - Cambodia's premier 5-star condominium opening in 2020
The Sky Villa - Cambodia's premier 5-star condominium opening in 2020
June 6, 2022, 5:01 p.m.
Realise your long-awaited life of leisure and luxury with the Sky Villa; the latest prime property to rise in the heart of Phnom Penh.The twin-tower Sky Villa is the latest addition to Phnom Penh’s thriving city center. Each tower stands tall with 35 storeys adjoined at the top 34th and 35th floors offering a variety of top-class amenities: an infinity pool, curated gardens, fitness centers, saunas & spas, gourmet restaurants, and an exclusive lounge: The Sky Villa Club, which grants residents a spectacular sky-high view of the city.The Sky Villa residential condominium was designed by one of the renowned architects of the iconic Taipei 101, C.Y. Lee. With the best talents behind Sky Villas’ design, every room from the Grand Lobby’s reception, to the Mezzanine and up the hallways and into your bedroom - all become seamlessly reminiscent of the comforts and luxuries of home.The Sky Villa offers a total of 256 units for sale. The units range from 270 to 500 sqm of living space, making them the biggest condos in Cambodia. These units were specifically designed for both personal and multi-generational living with luxurious leisure. Seniors, Millennials, and everyone in between can find a corner of the Sky Villa they can call their own.And much like any dream home; every need and every want are within reach. The Sky Villa sits along the Poland Republic Boulevard within the capital’s busy Khan 7 Makara. Right at its doorstep is Cambodia’s National Olympic Stadium and the Olympia Mall. The Sky Villa is also conveniently located at a midpoint between Phnom Penh’s AEON Mall 1 and Central Mall, making your shopping decisions all a matter of which mall do you feel like going to today?The Sky Villa’s in-house services make it a genuine extension of a luxury lifestyle as its staff can assist you in making everyday life much easier. These include organizing transport, housekeeping & laundry, grocery shopping, secretarial services, events planning, and many more. Its 24/7 concierge can help give you inside knowledge of the surrounding area; granting you a more vibrant experience of Phnom Penh’s many facets of business and entertainment.The Sky Villa takes the security of its residents as a major priority. Around-the-clock surveillance of CCTVs is strategically placed in both towers. Each unit is also outfitted with an electronic lockset to give you the peace of mind you deserve.Take a peek of the life you can have in Sky Villa’s luxury units. Experience walking from its entrance to its gorgeous lounge area, its elegant living room, and its charming bedrooms at your own leisure through a 360 virtual tour:The Sky Villa is a joint-venture between GreatView Investment Pte Ltd., and MCC Land Singapore, both companies being Singapore-based companies focused on real estate development and engineering.Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.kh
Discover regal luxury living in the Prince Golden Bay
Discover regal luxury living in the Prince Golden Bay
June 6, 2022, 5:01 p.m.
Beaches, buildings, and business - the usual things that come to mind when talking about Sihanoukville. But a new development, close to its pristine beaches, tall buildings, and many lucrative businesses combine all these into a new level of luxury living: Prince Golden Bay.The Prince Golden Bay is a new mixed-use development offering residential and commercial spaces close to Sihanoukville’s famed Sokha beach. It consists of 4 condominium towers connected by a shopping centre spanning 50,000 sqm, making it the premier symbol of Sihanoukville’s leap into a major economic hub across South East Asia.A residence fit for royaltyThe Prince Golden Bay offers luxury units ranging from 32 to 76 sqm. The project’s developer, Prince Huan Yu Real Estate, believes luxury living as having a range of choices; a belief that extends to its units which can be modified or combined according to the needs and wants of early buyers and investors.Over 2,000 units are spread across its 4 iconic towers, each one offering a view of Sihanoukville and its famous beaches. But you have to be quick as units facing the picturesque Sokha beachfront will likely sell out soon!Residents of the Prince Golden Bay can further enjoy a life of regal luxury courtesy of its expansive shopping centre home to department stores, supermarkets, retail outlets, and many other conveniences standard to a modern city.These are complemented by the Prince Golden Bay’s own condominium amenities including a rooftop garden, a well-equipped fitness centre, and a large outdoor swimming pool.Nearby transportation hubs such as the ferry terminal, train stations, and the landmark lion roundabout are less than 10 mins away. Much like a true royal, everything you need is right at your doorstep.A golden opportunity awaitsFrom business to pleasure, the Prince Golden Bay delivers a level of service not before seen in the booming town of Sihanoukville. As such, the Prince Golden Bay offers early investors a guaranteed rental return of 8% for 2 years.Discover a new level of luxury living with Prince Golden Bay today!Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.kh
Keep calm and carry on: How to stay healthy at public events
Keep calm and carry on: How to stay healthy at public events
April 18, 2024, 2:07 a.m.
(Over 60 million people in China are still on lockdown as the People’s Republic of China and the World Health Organization struggle to contain the spread of the novel coronavirus)Be alert, don’t panic. There’s no need to cancel that business trip (unless it’s in heavily affected areas/countries) or skip that conference you’ve been waiting to go to. The novel coronavirus (Covid-19), while a present danger, can be easily avoided by following basic hygiene practices you’ve always known!But first, let’s have a bit of additional context.W.H.O. declares nCoV as a global health emergencyYes, the World Health Organization (WHO) has declared the novel coronavirus outbreak as a global health emergency or more technically known as a Public Health Emergency of International Concern (PHEIC). Let’s take a closer look at what this means.An outbreak’s classification as a PHEIC is not meant to be (and should not be) a cause for panic. This declaration is a signal that global health organizations and networks are the necessary steps, and using the necessary resources, to stop the outbreak from getting worse. This generally includes opening up channels of communications between clinical and research sites, unlocking financial and logistical support to these networks tackling the novel coronavirus outbreak, and holding states to account when it comes to reporting news and current cases.According to WHO Director-General Tedros Adhanom Ghebreyesus, the declaration of a Public Health Emergency of International Concern, or PHEIC, is meant to help support less industrialized countries and to try to prevent the virus from spreading in areas that are less equipped to detect and handle infections.(January 30, 2020. The World Health Organization (WHO) declared the novel coronavirus as a Public Health Emergency of International Concern (PHEIC). Image by GETTY.)Practical tips to avoid getting infectedWhile medical organizations, networks, and professionals are working 24/7 to keep the spread at bay, at the end of the day, your health is your responsibility. Here a few practical tips to avoid getting infected.Wash your hands FREQUENTLY The novel coronavirus spreads much like the common flu i.e. airborne particles, surface particles, and close contact to infected individuals. It’s also a fact often taken for granted that our hands are what we use to interact with our surroundings including shaking hands with people.Medical professionals’ advice is to wash your hands frequently for at least 20 seconds with hand soap and water. In their absence, you may use alcohol-based hand sanitizers to clean your hands. But hand soap and water are the preferred sanitizing options.Avoid touching your faceThe primary way viruses get infect our bodies is through our mucous membranes - these are our eyes, nose, and mouth. So, if you have this mannerism (of touching your face) then it’s high time you watch yourself. The less you touch your face before washing them for at least 20 seconds, the better!Clean common/shared areasObjects, especially shared ones, tend to be prevalent hosts of the novel coronavirus which can live on surfaces for quite some time. Now, this is not meant to discourage you from sharing, but simply a precaution to constantly wipe down shared objects and sanitize common areas as much as possible.Observe the 6-feet ruleThe novel coronavirus has been observed to follow the same transmission methods as the common influenza virus. This includes a 6-feet (1.8 metres) airborne transmission range. Be sure you observe this distance if you’re going to be in contact with someone showing symptoms (such as fever, coughing, and shortness of breath).Avoid traveling to heavily infected areasMultiple countries such as the United States, the United Kingdom, and Australia have issued a travel advisory to their citizens to cancel all non-essential travel to China. While Cambodia has not issued any restrictions to its citizens, it would be wise to observe personal precautions when traveling to heavily hit areas.(Washing your hands with soap and water for at least 20 seconds significantly reduces the chance of getting infected.)Be alert, don’t panicDon’t let viral posts from popular pages or “influencers” to claim to know the best way to prevent yourself from being infected without a credible source; a high amount of likes, shares, views, and retweets do not make a post accurate. Stick to advisories from health organizations such as the World Health Organization (WHO), the Center for Disease Control and Prevention (CDC) and the Ministry of Health for accurate information on the outbreak.Panicking does not help and will only lead to a rash decision that may domino into something detrimental to you or your family’s overall well-being. Instead, be alert by constantly sanitizing and avoiding contact with sick individuals.Your health is ultimately your responsibility, and the best way to be healthy is to keep calm and carry on.Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.khArticle by:
Cambodia’s biggest Home & Lifestyle Expo is back for 2020
Cambodia’s biggest Home & Lifestyle Expo is back for 2020
June 6, 2022, 5:01 p.m.
(Call now: 092 92 1000 for more information about booths and sponsorship) Are you currently looking or deciding to buy your first home or a new car for yourself, family members or loved ones for the upcoming New Year? If so, then you must visit this two-day Cambodia’s biggest Home & Lifestyle Expo 2020 which will be held on the 24 and 25 April 2020 at Koh Pich Exhibition Center.The Home & Lifestyle Expo 2020 is the second annual event of the Home & Lifestyle Expo series, organised by Realestate.com.kh, the number 1 property-focused marketing company in Cambodia.According to Thomas O’Sullivan, Realestate.com.kh CEO, last year’s event, the Home & Lifestyle 2019 was a great success. It had surpassed the company’s expectations in terms of the number of visitors and values worth of sales generated during the event. It attracted over 20,000 visitors with more than $ 30 million dollars in sales, including properties, cars, equipment, appliances, fashions and more.With the tremendous support from the Cambodian people and everyone residing in Cambodia, Realestate.com.kh is very pleased to create something that is really beneficial to the Cambodian market.Mr. Thomas O’Sullivan said, “ We are so excited to bring back the Home & Lifestyle Expo to the Cambodian market, especially to those who consider purchasing their first homes, cars or more. Ultimately, our goal is to give Cambodian families an opportunity to get the best deals of the year at the expo, and also to create a space where they can have the best weekend out together.”“The event will be bigger, better with greater deals,” he added.(The entrance of Home & Lifestyle Expo 2019 at Koh Pich Exhibition Center/ Realestate.com.kh) Okhna Cheng Keng, the chairman of CPL Cambodia Properties Limited, a leading real estate agency in Cambodia who participated in the Home & Lifestyle Expo last year said, the event was well-organised and attracted tens of thousands of people, which was a great opportunity for product branding and exposure.Okhna Cheng Keng said, “We had seen that it drove a lot of attention. It was a good event that attracted a huge crowd of people.”(A huge crowd of visitors to Home & Lifestyle Expo 2019 at Koh Pich Exhibition Center/ Realestate.com.kh)  What else?Besides exhibitors from the real estate industry showcasing their most prominent and latest development projects across the country with huge discounts including boreys, condos, office space, and lands. There will also be other exhibitors from other sectors spreading across over 100 booths at the Home & Lifestyle Expo 2020 including cars, motorcycles, mobile phones, appliances, furniture, devices, jewelry, sportswear, and equipment.Better yet, attendees to the Home & Lifestyle Expo 2020 can access to some of the country’s best banks, microfinance institutions regarding requirements and procedures to get house and car loans. Plus, it will also include food and drink booths and fun facilities for families to really enjoy together.Who is already on board for the Home & Lifestyle Expo 2020?As of now, some of Cambodia's leading property developers, banks, financial service providers, real estate agencies and architecture companies, have already secured their spots for the upcoming Home & Expo 2020 which will be held on the 24 and 25 April 2020 at Koh Pich Exhibition Centre.The exhibitors include: Prince Real Estate (Cambodia) Co.,Ltd , Morganford Investment (Cambodia) Co., Ltd. , Urban Village Phnom Penh, Garden One, La Vista One, Creed Group, Borey VIP, Borey Mongkul Phnom Penh, Borey Lorn City, Borey The Flora, Elite Capital 168, Parc 21 Residence, MZ Design, Aristo Developers, and ACMA Hitachi.Highlights of Home & Lifestyle Expo 2019 at Koh Pich Exhibition Center If you are looking to book a booth/booths or become a sponsor, please contact Realestate.com.kh now.  For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.khArticle by:
Prince Huan Yu Centre offers heap discounts for Chinese New Year
Prince Huan Yu Centre offers heap discounts for Chinese New Year
June 7, 2022, 6:32 a.m.
As the Chinese New Year commonly known as Spring Festival is approaching, are you ready to embrace the fortune of the Year of the Rat?To celebrate the imminent Spring Festival 2020, Prince Huan Yu Centre will kick off the Chinese New Year with big promotions. That said, a campaign of “win options of discount or freebies while enjoying your property hunting at Prince Huan Yu in Spring Festival 2020.”Come and buy a high-end quality property with a big promotion, it literally would be a good start of yielding your wealth of the Year of the Rat.Credits to its rare location, top-end quality and the prominence of brand building, Prince Huan Yu Centre has been the attention and favor of global investors since its open sales in 2019.Situates in the heart of CBDThe Prince Huan Yu Centre is built by Prince Huan Yu Real Estate Group, a subsidiary of Prince Holding Group. The project will be stood high in Phnom Penh's important administrative and business centre, the CBD of Chamkarmon district.It combines multiple products such as condos, office spaces, retail and business spaces. The building spanning on 140,000 sqm boasts platinum-graded apartment, grade 5A offices and 17,000-sqm commercial facilities.It is ambitious to stand out like a beacon landmark in CBD, which fully fulfills living & vacation, business & entertainment and other needs.Given the high demand and higher rental fees within the CBD gives another proof that Prince Huan Yu Centre is one of the hottest investment options in the capital and even across Southeast Asia.Prestigious brand means more confidenceAs one of the leaders in Cambodia’s real estate sector, Prince Huan Yu Real Estate Group has always adhered to the mission of "Building a Better Cambodia". In 2019, the group has set foot in two major cities, Phnom Penh and Sihanoukville, with six famous projects such as Prince Huan Yu Centre, Prince Finance Centre, Prince Golden Bay. The brand of Prince has resembled a shortcut to wealth accumulation for many investors.In 2020, Prince Huan Yu Centre wishes the best blessing to all of you and continues to achieve in building a beautiful living for a cause of better and more prosperous Cambodia.For more information, please go and meet the team at the headquarters located in the north of the Russian Embassy (next to NAGA 3) in Phnom Penh, Cambodia.Happy Chinese New Year 2020!Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on April 24 and 25 at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.kh
CBRE Cambodia fearless forecast 2020: winners and losers
CBRE Cambodia fearless forecast 2020: winners and losers
June 6, 2022, 11:11 p.m.
(Aerial view of buildings around Bassac area in Chamkarmon district / Realestate.com.kh) Rosewood Hotel, Phnom Penh: CBRE Fearless Forecast 2020 cited another strong year for Cambodia’s real estate sector. But Marc Townsend, Chairman of CBRE Cambodia, and the primary speaker at the event cautioned that while the Kingdom’s economy is expanding rapidly, adjustments have to be made to sustain the growth of its real estate sector.A strong entry into 2020CBRE estimates a 7.1% GDP growth for Cambodia in 2019. This can be attributed to the continuing boom in the construction sector along with tourism and overall interest in Cambodia as an alternative investment destination compared to its neighbors.According to CBRE’s report, a total of USD $9.3 billion worth of investments came into the Kingdom spread across 4,446 approved investment projects. For emphasis on the country’s relative growth, Marc Townsend cited that only 3 building licenses were issued in Ho Chi Minh city compared to the 405 building licenses that were given last year in the surrounding area of the Rosewood Hotel in Phnom Penh.(Marc Townsend, Chairman of CBRE Cambodia speaks to a room full of mostly real estate professionals and investors / Realestate.com.kh)As of Q4 2019, CBRE data shows the condominium sector had 27 new project launches and 11 completions, adding 16,500 units and 3,800 units respectively. The current condominium supply is divided among the High-End at 23%, Mid-Range at 53%, and Affordable at 24%. CBRE forecasts supplies of condominium units in 2020 to be divided into High-End at 24%, Mid-Range at 46%, and Affordable at 30%. The shift towards affordable units is cited to be due to the healthy demand among Cambodian buyers.Upcoming condominium projects, provided they finish on schedule, are expected to put some downward pressure on prices across all segments of the market.The CBRE report also states that housing loans increased by 30% this 2019 from USD $2.9B to USD $3.4B. Consumer loans increased at the same time from USD $6.2B to $ 7.1B this year. CBRE attributes these increase in loans to appreciating property values, lifestyle changes of Cambodians, and increasing competition within the banking sector.(A shot over the ocean and Sihanoukville's skyline as of 2020 / Realestate.com.kh)Development funds have also diversified in Cambodia. Marc Townsend shares that these companies barely had any presence in the country’s capital markets almost a decade ago but in 2019, these have diversified into construction loans, formal & informal fund structures, bonds, IPOs, off-shore lending, crowd-funding, and venture capitals.Cambodia, overall, remains an attractive investment destination compared to its neighbors. For example, data from CBRE cites that land prices in Ho Chi Minh city, as of Q4 2019, now go up to USD $30,000 per sqm in the inner city compared to USD $6,000 per sqm in Daun Penh.These are but a few of the overall data presented suggesting that the Cambodian economy is expected to continue to see economic growth this coming 2020. It is, however, not free of challenges, as we’ve seen this past year.Challenges of sustaining Cambodia’s economic growthThe two elephants in the room, according to the conference’s attendees during the Q&A, were the EBA withdrawal and the threat of property oversupply that could negatively impact the market.Of the surveyed attendees, most agreed that the EBA withdrawal will have “Moderate” effects on the Cambodian economy. While it could have ripple effects in the real estate sector, nobody knows what would ultimately happen until it happens, according to the speakers.As for the issue of oversupply, Marc Townsend introduced the idea that if there is an oversupply, then why are prices continuing to rise? He cites Vietnam as an example when it took off as a real estate venture. According to him, when the government relaxed regulations on foreign ownership, the property market went ballistic.(A recent sky view of under-construction buildings in Sihanoukville city / Realestate.com.kh) The same could be expected of the Cambodian real estate sector as it develops. Many of the high-end condominiums are available for the local Cambodian elite, with most units likely being owned by foreigners through strata-titles. And as more mid-range and affordable units come into stock, more local middle-class buyers will likely purchase their own condominium units.Infrastructure in Cambodia has grown significantly in the past decade but it may face slowdowns if project managers are slow to push their developments forward. The news of national roads and ring roads being constructed/rehabilitated is driving land prices up and might cause roadblocks to project development due to price haggling and owner holdouts. Without swift resolutions, infrastructure developments (such as the aforementioned roads) will have difficulty meeting their target dates.Marc Townsend also cautions Cambodia of the shift in priorities of big multinational investment firms. BlackRock, an investment management company handling USD $7 trillion in assets, instructed their fund managers to prioritise investment ventures that consider their environmental impact. This shift in socio-environmental requirements is likely to be followed by other investment firms and thus, must be considered by Cambodian stakeholders starting in 2020 to attract foreign investment in the future.Ensuring tourist safety also came up as a means of growing the Kingdom’s tourism sector. Marc Townsend suggests that most tourists, especially the Chinese, value safety as a top concern when visiting a foreign country. A disciplined and well-equipped police force looking out for both the locals’ and foreign visitors’ well-being will only drive up tourism confidence in the Kingdom. This point is supported by a report from the Khmer Times where the Shanghai Chief of Police asked the Cambodian National Police to ensure the security of Chinese businessmen and travelers in the Kingdom.The conference also discussed the recent construction-related accidents. Marc Townsend was clear these tragedies are an industry problem that must be addressed by developers by applying basic safety standards, the usage of quality materials, and adherence to the new government regulations. He lauded the passing of the much-awaited construction law and is hopeful Cambodia’s construction sector will avoid such tragedies ever again.(Sihanoukville's skyline adjacent to the city's Independence Beach / Realestate.com.kh) As Cambodia enters a new decade of development, winners, and losers in the real estate sector will likely be determined by an investor/developer’s ability to take advantage of Cambodia’s strengths and overcome the challenges presented.Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.khArticle by:
The Palms pioneers luxury resort-living in Phnom Penh
The Palms pioneers luxury resort-living in Phnom Penh
June 6, 2022, 5:01 p.m.
Why bother to go on a trip when you could just come home after a long day at work and feel like staying in a luxury resort. This is what The Palms is offering.Developed by Oxley-Worldbridge (Cambodia) Co., Ltd, a joint-venture between Worldbridge Land (Cambodia) Co., Ltd, a Cambodia-based real estate company, and Oxley Holdings Limited, a Singapore-based property developer.The Palms is the first luxury resort-like residential project in the adjacent of the city centre that offers cluster houses including villas, riverside boardwalks and a whole range of facilities where you can indulge yourself and loved ones all year-round.The group has also produced other successful landmark projects in Phnom Penh such as The Bridge and The Peak.The Palms is located in Chbar Ampov district alongside the majestic Mekong River. It features a collection of over 200 exclusive cluster homes and superbly luxurious villas surrounded by palm trees, lush greeneries, and glistening waters - a perfect setup for a home seemingly a world away from the hustle-and-bustle of the city.Residents of The Palms can live a life of unprecedented resort amenities within a private community. Every unit has access to terrace living rooms, man-made beaches, BBQ dining pavilions, water playgrounds, hydrotherapy pools, several lap pools, and even a grand lagoon pool.Its resort villas range from 377 sqm up to 1086 sqm of total floor space and are built with the finest fixtures that make The Palms project the quintessential example of understated luxury resort living. The highest-end of these villas are the waterfront villas where residents are just a few steps away from the Mekong boardwalk, an esplanade for leisurely walks complemented by the cool breeze from the river.But what is luxury living without conveniences? The Palms sits right along National Road 1 and is a 5-minute drive away from the Tonle Bassac Bridge. This quick access to the bridge allows its residents to easily navigate anywhere in Phnom Penh through Preah Norodom, Preah Monivong, and Hun Sen Blvd. And with the city’s biggest mall yet, AEON Mall 3, opening in 2023, The Palms’ residents can truly have everything they could want and need at their doorsteps.Offers of luxury living are plastered all over Phnom Penh, but few can truly compare to The Palm’s unique concept of resort-leisure living. It also is the first development of its kind that brings high-end resort-living to city dwellers.With the commencement of construction in May 2018, the project is expected to be completed by end of 2020.Click here to earn more about The Palms. For more information or inquiries please call: 092 92 1000 or e-mail: info@realestate.com.khRealestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.kh
Happy City, a high-rise condo in Sihanoukville, to open door at year’s end
Happy City, a high-rise condo in Sihanoukville, to open door at year’s end
June 7, 2022, 4:28 a.m.
At the beginning of the new year of 2020, Cambodia’s robust construction industry was abruptly hit by a mishap. On January 3, a six-storey building under construction in the coastal town Kep collapsed, which claimed the lives of 36 people and left 23 injured.This incident is no more than half a year after the collapse of a seven-storey building construction in Sihanoukville last year.Hidden dangers caused by human errors and poor supervision have once again cast a haze on Cambodia’s construction and property industry. These events should serve as a reminder to developers and buyers they should remain vigilant and cautious as far as the credibility and qualification of a contractor or builder are concerned.When we take a look at how things are in Sihanoukville, we see a city reeling in from a collective tragedy. Since the aftermath of a construction accident, the local government has been tirelessly redeeming itself to sustain the stride of growing urban infrastructure and property development. Even though the city looks like a massive construction site, Sihanoukville is changing day-to-day, especially in a dry season in Southeast Asia, known as a golden season in the construction industry.It was on the same day as the accident in Kep that Happy City was successfully completed. The project is located at the main access into Sihanoukville, where National Highway 4 and the developing Phnom Penh-Sihanoukville expressway converges. This modern piece of architecture is a 30-storey high-end residence providing fully-furnished condo and community amenities, ideal for both residential and/or holiday purposes. It sits on a highland of the city and overlooks the Victory and Independent Beach. This means the property is framed to be one of the best choices of valuable investment in Sihanoukville.The opening of Happy CityHappy City is developed by Yuejing (Cambodia) Real Estate Co., Ltd., a developer with years of property construction and management.The project will be handed over by the end of 2020, and become one of the first of the completed residential projects in this beachside city. As Happy City was completed as scheduled, the developer has proved its upstanding reputation and its ability to manage projects well.Happy City is only 1.9 kilometers away from the coast, and the beautiful Victory Beach and Independence Beach are visible from the fifth floor and above. To the south of the project, is the municipal centre, while the downtown commercial hub is to its west connected with smooth traffic. This enviable location ensures satisfaction for a holiday or an elegant urban lifestyle. Moreover, the industrial zones of the Sihanoukville port, its collection of casinos, and the natural hospitality of the Khmer is a huge advantage for Happy City's rental prospects. Its property management practices are in line with international standard services, so as to preserve owners’ interests and uphold residents’ well-being.Happy City has 1,600 studio apartments, all of which are exquisitely designed and avant-garde, ranging from 30.57 to 42.44 sqm in size, and equipped with top-grade furniture and essential home appliances such as air conditioning and television. They are available to stay upon key turning.The unit price starts from only 40,000 US dollars, a small investment with low risk and financially sound. The unit comes with freehold ownership and no inheritance tax. At the moment a two-year return rate of 8% per year definitely makes Happy City a good investment in Sihanoukville.Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.kh
360 virtual tours for real estate in Cambodia
360 virtual tours for real estate in Cambodia
June 7, 2022, 6:11 a.m.
360 virtual property tours are now available in the Kingdom of Cambodia. Realestate.com.kh, the leading real estate portal in the country, is the first to feature this innovative way of presenting and viewing properties online.What is a 360 virtual tour?A 360 virtual tour is a form of panoramic imaging technology that allows for a full 360 degrees perspective of a given area. In real estate, this is used to bridge the gap between what developers can provide (short of showrooms) with what property buyers are looking for when examining a property.Check out this 360 tour of a duplex from the Peninsula Private Residences in Chroy Changvar, Phnom Penh:What are its benefits for property buyers/renters?If you’re looking for property in Cambodia, our 360 virtual tour offers a lot of value. Through this feature, you can get the showroom experience without being physically there. This technology’s value goes double if you’re living far away from the development you’re interested in, especially if you live in the province or even abroad.As with any showroom, you can move through the different sections of the house/unit at your leisure and gain a 360 full perspective of everything the property has to offer. You can easily interact with where you want to go with one click of a button.(A 360 virtual tour of a 2-bedroom unit from R&F Glory in Tonle Bassac, Phnom Penh)Do you want to see the living room from the entrance? Be our guest. Do you want to walk through every bedroom and see every bathroom? By all means, go ahead. Did you ever feel like giving that house/condo unit one more look at 2 in the morning before buying it? Our virtual tours are available 24/7.360 virtual tour cuts the cumbersome process of going through property photos and figuring out how everything comes together - and puts it all into one interactive viewing experience. The 360 virtual tour is a FREE viewing feature for property hunters and is available on select listings on Realestate.com.kh.(A 2-bedroom serviced apartment from The Elysee by Dara in Tonle Bassac, Phnom Penh)What are its benefits for property developers/sellers?As a developer, we’re certain you’re aware of how fast boreys, condos, and commercial buildings are rising in Cambodia. The marketplace has grown to a point where buyers’ choices are numerous; they are also getting wiser than relying on rendered images and even good photos aren’t doing as well as they used to. Getting their attention, especially online has become more and more challenging. While there are still showrooms that entice potential buyers, these only attract those who are willing to take the time and the effort to view these properties. This severely limits the reach your property could potentially have.If you’re looking for a way to innovate your marketing in Cambodia’s competitive real estate space, then a 360 virtual tour service could be what you’re looking for.(A 1-bedroom apartment from The Peak Residences in Tonle Bassac, Phnom Penh)360 virtual tours essentially create online showrooms for your properties. This allows thousands of daily users on sites like Realestate.com.kh to view your property and go through every room as they please. This potentially multiplies the number of people your showrooms can attract and accommodate without putting in the additional resources required.The 24/7 availability of these online showrooms complements your marketing efforts with an around-the-clock presence, attracting a wider international market interested in buying Strata-titled development.(A 2-bedroom unit from Urban Village Phase 2 in Meanchey, Phnom Penh)Realestate.com.kh’s 360 virtual tour bridges the gap between what buyers look for and what developers can provide in Cambodia’s increasingly competitive real estate sector. It gives potential homeowners a new way to view properties at their convenience, and it multiplies the efforts of developers in marketing their property.Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now!Article by:
Wealth Mansion offers a dream home nourished by the Tonle Sap River
Wealth Mansion offers a dream home nourished by the Tonle Sap River
June 6, 2022, 5:01 p.m.
(The two bridges connecting Chroy Changvar and Phnom Penh city centre/ Seiha Phorn) A river is the lifeblood of human society.  A city with a flowing waterway is more likely evocative and distinguished. For instance, Shanghai has the Huangpu or Phnom Penh has the Tonle Sap.Chroy Changvar district, a peninsula lies in the northeast of Phnom Penh and parallels the heart of the downtown. It is like an oasis hemmed by the Tonle Sap and the Mekong River The district is currently reachable by the Cambodia-China Friendship Bridge and Cambodia-Japan Friendship Bridge. An underway regional plan consisting of efforts of ecological conservation will surely make the peninsula district a unique home to content souls.Looking back to what has transpired in Chroy Changva, which has been growing from a piece of wetland, the remarkable transformation of the district resembles the Lujiazui area in Shanghai city, an international financial hub across the river in China.Indeed, Chroy Changvar district has become one of the fastest-developing areas of Phnom Penh, alongside Sen Sok, Toul Kork and Meanchey district. Compared to other new-rising, Chroy Changvar district is the one with more strategic advantages. Firstly, it has a large amount of undeveloped land and the price is rather lower than the others. And secondly, it has easy access to the city. Thirdly the natural landscape is most alluring and ecologically pleasant. Fundamentally, the urban plans and high-standard municipal facilities progressing in the region are very positive and forward-looking.The stunning of Chroy Changvar  Chroy Changvar is home to some of the most significant landmarks, institutions and facilities including:  the local five-star hotel - Sokha Hotel, the first theme zoo - Phnom Penh Safari, the first Asia’s top entertainment and the largest waterpark destination - Garden City Water Park, the largest stadium for the Southeast Asian Games 2023, the modern mega shopping malls like the Marko and AEON Mall, the Sunrise Japan Hospital Phnom Penh, Norton University and more…Simply Chroy Changvar is the upcoming destination of attractions and selected residential hub with a lot of new developments are currently happening there such as Wealth Mansion.  About Wealth Mansion Wealth Mansion is a waterfront luxury condominium developed by a China-based developer. This project is expected to become a very valuable property like those in Shanghai's Pudong district. The construction of the Wealth Mansion has started in June 2019. The project occupies the riverside scenic line of Chroy Changvar district of Phnom Penh. This 45 storey building has a height of 166 meters sitting in an area with a well-connected traffic network including the Cambodia-Japan Friendship Bridge. It is close to the new City Hall and the Southeast Asian Games venues. Boeung Kak district, Wat Phnom, the Riverside and other attractions are within the good view of the project. The Wealth Mansion with melded benefits of investment and residence is the confident debut of Everhealth International Investment Development Co., Ltd., who invited Rixing Design, a designer of national pavilions of the World Expo, to work on the innovative architecture. The contractor is China Construction Third Bureau, a state-owned enterprise. All the teams involved will dedicate to ensure the smooth progress of the project supported by capital strength, technical capabilities and quality control.The design of the Wealth Mansion absorbs elements unique to the Chroy Changvar peninsula, such as the pleasant ambiance and the well-preserved ecology. For instance, the architect has made good use of natural ventilation and lighting. With the layout of layer and facade greenery,  water features, central gardens on each floor, and open corridors, the building is set to be a comfortable dwelling on minimum energy consumption, thanks to the creation of an independent three-dimensional ecology.Wealth Mansion's smart floor plan enables each dweller to have unique life experience for its reasonable layout, aesthetic design and practical functions. The two-bedroom apartment units' design focuses on bedrooms, kitchens and balconies. The master bedroom comes with an en-suite bathroom. Residents can enjoy a more delicate family living atmosphere. Each apartment is fully furnished with modern equipment, appliances, and calm lighting, which means you can immediately move in after the handover.ONYX Hospitality Group based in Thailand has signed a contract with Wealth Mansion’s developer to operate the first five-star apartment hotel in this district.The Wealth Mansion also has a ‘worry-free’ service package for its home-buyers, which allows owners to check on the lease, maintenance and rental fee collection of their properties in a timely manner.The project offers some of the best first-class facilities for residents to enjoy. Everything is reachable within the doorstep including its state-of-the-art fitness center, stylish spa and a 1,000 sqm infinity sky pool.  It also features a large parking area with 830 parking spaces that make you feel particularly convenient to get in and out. Other services will also be available in this building including restaurants and cafes to help make your everyday life even more convenient. On top of that, it also has a conference and multi-function room that allows you to organise meetings so you can literally step out and be right at the meeting place.  And besides, the well-equipped lounges, 24-hour security and cleaning service will be also provided to give you a truly modern lifestyle. The Wealth Mansion consists of 1184 units in total. The starting price is $2,200 per sqm. It is set to be handed over by the end of 2021. The developer provides a 2-year guarantee of a rental return, and a property operation and management carried out by the five-star hotel.With a prime location and ambitious planning, Wealth Mansion is a perfect option for a comfortable, luxurious dream home as well as property appreciation and rental returns investment that you cannot miss. Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.kh