Siem Reap is a popular tourist destination known for its surrounding eco-tourism hotspots and, of course, the world-famous Angkor Wat temples. Over the past few years, the city has been seeing a transition from a primarily tourist-oriented destination to becoming a residential and commercial hub. After all, the city does have over a million residents, complemented by hundreds of thousands, if not millions of people every year!Mixed-use developments, in particular, have taken a keen interest in how dynamic the market has become for Siem Reap. And spearheading the many developments coming is the Rose Apple Square.The Rose Apple Square is a mixed-use project located in the heart of Siem Reap. The project is built around the idea of a modern town square that serves as a vibrant community center inviting people to linger, lounger, interact, and connect. From this center extends the different facets that make the Rose Apple Square the quintessential example of a modern-day town center:Rose Apple ForumThe Rose Apple Square supports its residents by providing Siem Reap’s first full-facility co-working spaces and small offices outfitted with meeting rooms and multi-purpose rooms ideal for events. These are complemented by a 150-person auditorium, 3 lecture halls, and breakout rooms - ideal for seminars, performances, and conferences.Rose Apple CommuneThe Rose Apple Commune is a collection of 40 co-living units, each with a private bathroom and balcony, and 200 sqm of lounge space with a fully-equipped communal kitchen. The Commune is a perfect residence for nomads/researchers/startup entrepreneurs who can hope over to a cafe or Forum co-working space for a productive time.Rose Apple OfficesSiem Reap first strata-titled office space in an inspiring ecosystem where businesses can turn to Forum for short-term space overflow, seminar, and conference facilities in conjunction with the Commune to house visiting staff from Phnom Penh or abroad.Rose Apple ResidencesThe Rose Apple Residences comes with a gym, pool, yoga deck, and dance studio, on top of all the facilities and activities that the Forum offers. The Residences provide an enriching living experience that awaits professionals and travelers between Phnom Penh and Siem Reap.Rose Apple Square is a great example of Siem Reap’s development into a modern city accommodating multiple lifestyles. And given all that it has to offer, it won’t be entirely surprising if the Rose Apple Square becomes the city’s next landmark development once handed over in 2022.

Cambodia Real Estate’s first-ever offline-to-online eventRealestate.com.kh is excited to announce the sixth iteration of its hugely successful event series. The company expects to push the local property sector to new heights with the latest show - The End Of Year Property Sale 2020!Taking place in Sen Sok, just across the road from Aeon 2 at The Premier Center on November 27th and 28th, the event will house Cambodia’s leading Borey, Condo, and Mixed-use developers as well as the country's best agencies, banks, lawyers, and other real estate-related businesses.Property seekers, first-time home buyers, and investors will be able to secure some of the best deals in real estate and speak to the leading banks and lending professionals to help those buyers to secure their dream home. During the two days, interested buyers will also be able to attend the country’s leading property seminars all of which will be streamed live to a local & global audience which will be viewed by thousands of people around the world. Attend & Exhibit OnlineEarlier this year, Realestate.com.kh ran Cambodia’s first-ever online property sales event and successfully facilitated over $15 Million dollars worth of property sales in just 4 hours! In light of the current global pandemic, Realestate.com.kh has decided to combine the offline event with an online component where international property seekers will also get to access the best deals in Cambodian real estate, reserve property online, as well as virtually attend the seminars during the 2-day event. Over $115 million and counting at Realestate.com.kh’s eventsThe End of Year Property Sale 2020 follows as the latest in Realestate.com.kh’s series of groundbreaking shows. Exhibitors sold nearly $100 million worth of property throughout the last four expos and over $115 million including the Black Friday Property Sale held last June. All in all, over 35,000 people have attended past Realestate.com.kh expos. Cambodia’s leading property portal expects its next event to continue this growing trend; Realestate.com.kh anticipates over 50 exhibitors will join this year’s event. These will be the most prominent names in Cambodian real estate, across the ASEAN region, and all over the world. The company expects attendance to be well over 10,000 people to the offline-online event.An exclusive portfolio of quality exhibitors and sponsorsWhile Realestate.com.kh's events usually allow for over 100 exhibitors, this year's event will be limited to a select list of exhibitors and sponsors offering the best deals and updates on the marketIn addition, Realestate.com.kh is forecasting the seminars to be more popular than ever before as property seekers and investors are eager to understand recent changes in property law, government policies, the current state of the market, and where the best opportunities are right now in Cambodian property. So, while it was tempting to dedicate the whole venue to exhibitor and booth space, Realestate.com.kh has allocated up to a quarter of the venue for these seminars If you’re interested in a booth space call or sponsoring this event make sure you get in quick as spots will not last long! Key contactsFor all borey and plot land developers: Sumey Soun (Khmer/English)mey.soun@realestate.com.kh+855 77 241 285For condominium and mix use developers: Nin Kang (Chinese/Khmer)nin.kang@realestate.com.kh+855 78 637 323 / +855 93 552 305For property developers and other interested exhibitors: James Whitehead (English)james.whitehead@realestate.com.kh+855 086 972 061

Phnom Penh's growing skyline is courtesy of the dozens of new residential and commercial projects launching every year. Supplied.The rental market in Cambodia is a prime contributor to the surge of the Kingdom’s real estate market. Not only does it attract expatriate renters, but also accommodates the increasing number of Cambodians from the countryside looking for a place to live in cities like Phnom Penh.Key Highlights for Phnom Penh rental market:3-bedroom apartment rental median price increase to $2,0001-bedroom apartment rental median price slid down to $620Sen Sok and Por Sen Chey districts offer the lowest median rental pricesPrice trend by bedroom for a rental property in Phnom PenhBased on Cambodia Real Estate Market Trends, the median price for 3-bedroom apartments saw a rise of 5% from $1,900 to $2,000 a month. On the other end of the market, 1-bedroom units saw a slight decrease in the median price from $650 to $620. 2-bedroom apartments remained steady at a median of $950.As these are median values, interested renters can still avail of more suitable prices by simply searching for properties for rent in Cambodia.It’s worth noting that COVID-19 cases have not risen for quite some time in the Kingdom. As of September 10, 2020, total recorded cases were 274 with no active cases; giving Cambodia a week without any newly recorded cases. Cambodia’s control over its COVID-19 situation may have also influenced the government’s decision to relax the entry requirements to encourage tourists to visit and revive the country’s tourist industry.Median Rental Price of apartments/condominiums per locationChbar Ampov tops the list of median rental prices as the area is only starting to see developments, primarily from high-end projects. Por Sen Chey and Sen Sok are also seeing new attention from developers but have a wider portfolio of new projects. As of August 2020, Por Sen Chey and Sen Sok are ideal places for those looking to rent in Phnom Penh.Sen Sok is a northern district offering plenty of city conveniences as it is close to the highly-urban area of Toul Kork. The district is also home to AEON Mall 2, Phnom Penh’s biggest shopping mall yet. The district’s open and wide space give the area a great potential for future residential and commercial development.Por Sen Chey is Phnom Penh’s western district where the Phnom Penh International Airport is and, as of recent year, been a hub of boreys. As central Phnom Penh’s property prices soared, more Cambodians have started living in the suburban areas of the capital; Por Sen Chey is one of the choice areas for suburban/borey living. But as Phnom Penh’s outward expansion continues, apartment/condominium developers have started looking to districts like Por Sen Chey for new development opportunities.Article by:

Phnom Penh’s amazing rate of expansion attracted many luxury developers from all over the world. The race for space resulted in break-neck speeds of outward expansion - a phenomenon that discovered many of  Phnom Penh’s promising areas of development.Chroy Changvar is one such area that has gained a new lease on life - a luxury life. Its once forgotten status has now been changed to that of a promising residential and commercial destination that’s continuously attracting all the right attention to it.Wealth Mansion, a luxury residential project in Chroy Changvar, is leading the pack of new developments popping up in the area. It stands out from the competition as its designers allotted a great deal of attention to every residential aspect. The project’s designer, Rixing Designs, utilizes well-preserved internal ecology to provide a pleasant ambiance perfectly complementing the unique elements of Chroy Changvar within Wealth Mansion.Wealth Mansion further achieves this by making 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 application of new interior design philosophies based on ecological preservation.The Wealth Mansion's smart floor plan enables every resident to have unique life experience for its practical layout, aesthetic design, and smart functions. And these can be seen throughout their portfolio of 1-bedroom and 2-bedroom apartments.Their 1-bedroom apartments measure up to 66.55 sqm and are offered in multiple floorplans, making it ideal for young professionals, couples, and even small families to start a life in Phnom Penh. Units also include a balcony allowing residents to enjoy the natural breeze Chroy Changvar is famous for.The design of the 2-bedroom apartment focuses on providing a more appropriate family living atmosphere here with spacious living up to 128.13 sqm. These apartments have bedrooms, kitchens, and balconies. Mostly, a master bedroom comes with an en-suite bathroom. These units were made for families looking to live in Phnom Penh’s up-and-coming district.Of course, the luxury offered by the Wealth Mansion does not stop with its residential units. Amenities play a big role in completing a sense of true luxury living. The Wealth Mansion offers plentiful experiences covering a comprehensive range of many luxuries and opulence. First, a comfortable lounge room is located in the lobby for residents to take a relaxing afternoon in. A 400sqm swimming pool is also available along with a 1,000sqm swimming pool. Pool activities are complemented by a stylish spa centre, restaurant/cafe, and a conference room/multi-function hall, and many more conveniences right within the Wealth Mansion.The Wealth Mansion started its construction in June 2019 and is set to finish sometime in 2022. Off-plan purchases are often where the best deals are made, and Wealth Mansion is giving all potential buyers and investors the opportunity to avail of these today!

Meridian International Holding (Cambodia) Ltd. – winner of the Best Developer award at the PropertyGuru Cambodia Property Awards 2020. Photo courtesy of Property Guru.MERIDIAN INTERNATIONAL HOLDING (CAMBODIA) EMERGES AS TOP WINNER AT THE COUNTRY’S BIGGEST NIGHT FOR REAL ESTATEMore than 30 golden trophies were presented to outstanding companies and projects across the nationAlmost a dozen companies clinch new honours, including new Developer categories and prizes for projects in Greater Phnom Penh and Siem ReapSafety protocols observed at the Sofitel Phnom Penh Phokeethra gala PHNOM PENH, Cambodia – 4 September 2020 The brightest luminaries in the country’s property sector converged at the Sofitel Phnom Penh Phokeethra in Phnom Penh for the 5th Annual PropertyGuru Cambodia Property Awards, presented by Hitachi Elevators & Escalators, on Friday, 4 September.More than 30 trophies and nearly 25 Highly Commended distinctions were presented to almost a dozen companies, representing the best of the best development firms and projects in the nation.With eight wins, Meridian International Holding (Cambodia) Ltd. emerged as the gala night’s biggest victor. The company was named Best Developer and Best Mixed Use Developer for outstanding work on its Flatiron project, which won four trophies including Best Serviced Apartment Development and Best Mixed Use Architectural Design.      Another big winner was Urban Hub (Cambodia) Co., Ltd., which triumphed in the new category of Best Breakthrough Developer. It also scored two of the night’s major development prizes – Best Condo Development (Cambodia) and Best Condo Development (Phnom Penh) for Urban Village and Factory Phnom Penh.        Four-time Best Developer award winner Peng Huoth Group bested four companies to take home the new award of Best Lifestyle Developer. Its massive township project, Star Platinum Eco Collection Phase I, claimed the coveted prize of Best Housing Development (Cambodia).                Earning Highly Commended honours for Best Breakthrough Developer and Best Lifestyle Developer, Morganford Investment (Cambodia) Co., Ltd. won three awards for its office development, Morgan Tower, and another for its condo project, Morgan EnMaison.Other areas besides central Phnom Penh were well represented in this year’s edition of the prestigious industry awards. The Bakong Village and Rose Apple Square projects clinched the new awards of Best Township Development (Siem Reap) and Best Residential Development (Siem Reap), respectively. Another new prize, Best Condo Development (Greater Phnom Penh), went to La Vista One by Yin Yi Venture Co., Ltd.             Hok Kang, Founder and Managing Director of Urbanland Asia Investment Co., Ltd, winner of the esteemed 2020 Cambodia Real Estate Personality of the Year. Photo courtesy of Property Guru.This year’s Cambodia Real Estate Personality of the Year title was presented to Hok Kang, founder of Urbanland Investment Co., Ltd and Hok Kang Architects. The only award not selected by the judges but by the editors of PropertyGuru Property Report, the recipient was chosen for his exemplary developments that have elevated building quality and design standards in Cambodia. His eclectic portfolio of projects focused on providing “spaces that arecommitted to the Kingdom, its people, and its future,” from affordable homes that enable suburbanites to live a more dignified lifestyle to a luxury hotel that promotes environmental consciousness.Safety protocols were implemented onsite during the preparations and on the day of the gala dinner. These included vigilant temperature checks on guests and staff; distribution of masks for all hotel staff associated with the event; and easy access to hand sanitisation upon registration. Table capacity was also limited inside the ballroom to maintain safe social distancing.Hari V. Krishnan, Chief Executive Officer & Managing Director of PropertyGuru Group, said: “We are optimistic that the winners and Highly Commended recipients of the PropertyGuru Cambodia Property Awards will lead the way in helping property seekers find better, wider options in homes and other kinds of real estate across the kingdom. These outstanding projects truly testify to the endurance and resilience that the builders of the country's skylines exemplify in these extraordinary times.”Opening speech from Sorn Seap, Chairperson of our independent judging panel and Founder/Director of Key Real Estate Co.,Ltd. Photo courtesy of Property Guru.The judging panel comprised Awards chairperson Sorn Seap, Founder/Director, Key Real Estate Co., Ltd.; David Littlejohn, Sales and Marketing Manager, Comin Khmere; Jenny Chea Sok You, Architect & Managing Director, CMED Construction; Jovany Antonio, Director/Founder, CMS Property Management; Michel Cassagnes, Managing Director, Archetype Cambodia; Pak Chanlino, Managing Partner and Attorney-At-Law, Vinaya Law Firm; Simon Griffiths, Managing Director, The Mall Company; Dr. Simon Vancliff, CEO, WB Sport Village Co., Ltd.; and Thida Ann, Managing Director, CBRE Cambodia.An Sothea, Director of Audit at BDO Cambodia, and official supervisor of the PropertyGuru Cambodia Property Awards programme. Photo courtesy of Property Guru.BDO Cambodia oversaw and upheld the rigorous, ethical, fair, transparent judging process, under the supervision of Lim Seng Siew, Partner; Va Dalis, Assistant Manager; and Phan Darasy, Senior Associate.The 5th PropertyGuru Cambodia Property Awards 2020 was supported by platinum sponsor Hitachi Elevators & Escalators; gold sponsor CBRE Cambodia; silver sponsors Jotun and CAM Business Consultancy; official magazine PropertyGuru Property Report; media partners BizKhmer, Construction & Property, Siemreap.net, and Southeast Asia Globe; official PR partner Two Way PR; official charity partner Right To Play; and official supervisor BDO.For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.FULL LIST OF WINNERS & HIGHLY COMMENDED AWARDEES5th PropertyGuru Cambodia Property Awards 2020DEVELOPER AWARDSBest Developer             WINNER: Meridian International Holding (Cambodia) Ltd.  8 Best Breakthrough Developer                            WINNER: Urban Hub (Cambodia) Co., Ltd. 4HIGHLY COMMENDED: Morganford Investment (Cambodia) Co., Ltd.                               Best Lifestyle Developer                           WINNER: Peng Huoth GroupHIGHLY COMMENDED: Meridian International Holding (Cambodia) Ltd.HIGHLY COMMENDED: Morganford Investment (Cambodia) Co., Ltd.   HIGHLY COMMENDED: The Leedonheights Condominium Co., Ltd.HIGHLY COMMENDED: Urban Hub (Cambodia) Co., Ltd.                                                            Best Mixed-Use Developer                        WINNER: Meridian International Holding (Cambodia) Ltd. HIGHLY COMMENDED: Parbury Investments Co., Ltd. DEVELOPMENT AWARDS Best Condo Development (Phnom Penh)                    WINNER: Urban Village and Factory Phnom Penh by Urban Hub (Cambodia) Co., LtdHIGHLY COMMENDED: Morgan EnMaison by Morganford Investment (Cambodia) Co., Ltd. Best Condo Development (Greater Phnom Penh)                          WINNER: La Vista One by Yin Yi Venture Co., Ltd.                     HIGHLY COMMENDED: Leedon Heights by The Leedonheights Condominium Co., Ltd.         Best Housing Development (Phnom Penh)                          WINNER: Star Platinum Eco Collection Phase I by Peng Huoth Group    Best Residential Development (Siem Reap)                          WINNER: Rose Apple Square by Urban Living Solutions Co., Ltd. Best Township Development (Phnom Penh)                        WINNER: Star Platinum Eco Collection Phase I by Peng Huoth Group                   Best Township Development (Siem Reap)                          WINNER: Bakong Village by Bakong Village Co., Ltd.         Best Mixed-Use Development                   WINNER: TK Central by Parbury Investments Co., Ltd.     HIGHLY COMMENDED: Bakong Village by Bakong Village Co., Ltd.       HIGHLY COMMENDED: Flatiron by Meridian International Holding (Cambodia) Ltd.   HIGHLY COMMENDED: Morgan EnMaison by Morganford Investment (Cambodia) Co., Ltd.HIGHLY COMMENDED: Rose Apple Square by Urban Living Solutions Co., Ltd. Best Office Development                          WINNER: Morgan Tower by Morganford Investment (Cambodia) Co., Ltd.      HIGHLY COMMENDED: Amass Central Tower by GL KO     HIGHLY COMMENDED: Flatiron by Meridian International Holding (Cambodia) Ltd.   HIGHLY COMMENDED: Urban Village and Factory Phnom Penh by Urban Hub (Cambodia) Co., Ltd. Best Serviced Apartment Development                       WINNER: Flatiron by Meridian International Holding (Cambodia) Ltd.HIGHLY COMMENDED: Le Condé BKK1 by Wang Fu Guo Ji Property Development Co., Ltd.                            Best Co-Working Space                            WINNER: Urban Village and Factory Phnom Penh by Urban Hub (Cambodia) Co., Ltd.                             DESIGN AWARDS Best Condo Architectural Design    WINNER: Morgan EnMaison by Morganford Investment (Cambodia) Co., Ltd. Best Housing Architectural Design                    WINNER: Bakong Village by Bakong Village Co., Ltd.        HIGHLY COMMENDED: Star Platinum Eco Collection Phase I by Peng Huoth Group    Best Mixed-Use Architectural Design                          WINNER: Flatiron by Meridian International Holding (Cambodia) Ltd.                                    Best Office Architectural Design                        WINNER: Morgan Tower by Morganford Investment (Cambodia) Co., Ltd.HIGHLY COMMENDED: Urban Village and Factory Phnom Penh by Urban Hub (Cambodia) Co., Ltd.    Best Retail Architectural Design                        WINNER: PH Eco Mall by Peng Huoth Group                            Best Serviced Apartment Architectural Design                    WINNER: Flatiron by Meridian International Holding (Cambodia) Ltd.HIGHLY COMMENDED: Le Condé BKK1 by Wang Fu Guo Ji Property Development Co., Ltd.HIGHLY COMMENDED: TK Central by Parbury Investments Co., Ltd.     Best Mixed-Use Interior Design                         WINNER: Flatiron by Meridian International Holding (Cambodia) Ltd.                                         Best Office Interior Design                       WINNER: Morgan Tower by Morganford Investment (Cambodia) Co., Ltd. Best Serviced Apartment Interior Design                   WINNER: Le Condé BKK1 by Wang Fu Guo Ji Property Development Co., Ltd.HIGHLY COMMENDED: Flatiron by Meridian International Holding (Cambodia) Ltd.                                        Best Condo Landscape Architectural Design                        WINNER: Leedon Heights by The Leedonheights Condominium Co., Ltd.HIGHLY COMMENDED: La Vista One by Yin Yi Venture Co., Ltd.                      Best Housing Landscape Architectural Design                     WINNER: Star Mera Garden by Peng Huoth Group   Best Commercial Landscape Architectural Design                        WINNER: Rose Apple Square by Urban Living Solutions Co., Ltd.HIGHLY COMMENDED: Flatiron by Meridian International Holding (Cambodia) Ltd.HIGHLY COMMENDED: Morgan EnMaison by Morganford Investment (Cambodia) Co., Ltd. BEST OF CAMBODIA AWARDS Best Condo Development (Cambodia)                        WINNER: Urban Village and Factory Phnom Penh by Urban Hub (Cambodia) Co., Ltd.                                    Best Housing Development (Cambodia)                     WINNER: Star Platinum Eco Collection Phase I by Peng Huoth Group                     SPECIAL AWARDS Special Recognition for ESG            WINNER: Peng Huoth Group                                 Special Recognition for CSR                     WINNER: Meridian International Holding (Cambodia) Ltd. WINNER: Peng Huoth Group      Special Recognition in Sustainable Design                           WINNER: Meridian International Holding (Cambodia) Ltd.  PUBLISHER’S CHOICECambodia Real Estate Personality of the Year  WINNER: Hok Kang, Founder and Managing Director of Urbanland Investment Co., Ltd, Founder of Hok Kang Architects The awards winners of the 5th PropertyGuru Cambodia Property Awards 2020. Photo courtesy of Property Guru.ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of industry excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, fair, and transparent.  In 2020, the Awards series is open to 15 property markets around the region, presented in a mix of virtual galas, which is open to the consumers and real estate agents, and exclusive gala dinners hosting up to 500 senior industry leaders to recognise excellence within each Asian market, each local awards culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place alongside the PropertyGuru Asia Real Estate Summit in Bangkok in December 2020.

Siem Reap’s infrastructure projects are designed to expand the portfolio of industries operating in the province. Supplied.September 4, 2020 - Prime Minister Hun Sen approved a $150 million budget to develop a 38-road infrastructure in the tourist hotspot of Siem Reap.“Although our country still faces Covid-19 cases, it has not affected the development of the country,” said the Prime Minister.Siem Reap is known to be Cambodia’s primary tourist destination esteemed for its Angkor Wat temples and the surrounding eco-tourism hotspots. Aside from being a tourist destination, the Siem Reap province is also the 2nd largest population center in the Kingdom; home to over 1 million residents according to the General Population Census 2019.The Siem Reap province also serves as an important economic corridor linking the Battambang province to the rest of the Kingdom. The Ministry of Public Works and Transport (MWPT) is currently overseeing a number of road rehabilitation projects in Siem Reap city’s ring road.The 38-road infrastructure project has been in the pipeline of the Ministry of Public Works and Transports for quite some time. Last June 2020, the MPWT prioritized the development of the road infrastructure masterplan during its major planning session.“Now is the time to study the master plan for the redevelopment of Siem Reap’s road infrastructure, as we did for other tourist hotspots like Sihanoukville. This is to promote the national image through international tourists,” said HE Sun Chanthol, Minister for Public Works and Transport.“Once completed, this infrastructure project will highly ease people’s livelihoods and boost national economic growth once the COVID-19 crisis passes,” said Prime Minister Hun Sen when he approved the infrastructure project.Article by:

Cambodia’s real estate market is starting to see the first signs of recovery months after the outbreak of COVID-19. In recent months, limited international flights started bringing tourists back, the vital Chinese expatriate market is returning, and local businesses have started resuming normal operations following new health guidelines.The severity of COVID-19’s economic effects are yet to be fully understood, but it can be observed that global markets, including real estate, will not be the same. Given the uncertainty, experts have been looking into what the real estate market will look like in the future."Developers and designers are going to be looking at the impact of this period over the longer term, that is driven by the fact that the virus has highlighted a lack of resiliency in many real estate sectors worldwide – we see this is particularly true in the retail and hospitality sectors, and as such the type of real estate we see designed and delivered in the future is likely to be different," said James Hodge, Senior Director of CBRE Cambodia.Cambodia’s real estate sector, particularly on the high-end and mid-end of the condominium market has seen downward movements in terms of the average sale price. According to CBRE’s Q2 2020 market report, high-end condominium sale prices slid by 4.6% while the mid-range slumped by 4.0%. On the other hand, affordable condominiums saw no significant movement since January 2020.“I believe affordable condominiums will see new interest after COVID-19” said Moek Chenda, the founder of Realestate.com.kh. “More Cambodians are starting to realize the value of condominiums whether it’s for residential or investment purposes. And given the travel difficulties many foreign investors face, Cambodia’s local market has been highlighted in importance over the past few months” he explained.James Hodge agrees that affordable condominiums will likely lead the pack, saying “I would suggest that some sectors will recover more quickly, with landed residential and affordable condominiums likely to lead the way, followed by the rest of the condominium market and the office market.”He cites that retail and hospitality real estate would be the slowest to recover as they are dependent on the continuation of travel restrictions and the overall impact on domestic consumer spending - something which remains unclear at the current time.Article by:

The Cambodian real estate market saw great leaps in terms of investment and selection over the past few years. An important key to this surge is the availability of data that allows investors to make sound decisions in choosing where best to allocate their attention and resources to. As such, several institutions and organizations have taken the initiative to compile what data is available to provide more and more accurate information every year.This time, Realestate.com.kh, Cambodia’s #1 real estate portal, is contributing to the efforts through the Cambodia Real Estate Trends.Cambodia Real Estate Trends is a page under the domain of Realestate.com.kh. The page, now available to the public, is designed to provide Cambodia’s real estate stakeholders additional market data to better understand and gauge current trends.The Cambodia Real Estate Trends page aggregates property information on Realestate.com.kh and allows users to arrange data according to what they want to find out.Price trend for properties for sale/rent in CambodiaThis is the first table on the Cambodia Real Estate Trends page. This graph showcases the trends in terms of sale, rent, and rental yield for residential and commercial properties in Cambodia. This is particularly useful for developers as scouting the market can be a time-consuming task. But with this tool, developers can get a better understanding of the current market landscape with a quick glance.Price trend by bedroom for sale in CambodiaThis is the second table on the Cambodia Real Estate Trends page. This graph showcases the trend of how much certain properties are selling for, namely: apartment/condos and houses. The graph lines are also subdivided into the different amount of bedrooms to give a more nuanced set of data for users. This is particularly useful for property seekers, especially families, in gauging how much they have to or oughta spend for a property they’re looking at.Price trend by bedroom for rent in CambodiaThis is the 3rd table on the Cambodia Real Estate Trends page. This graph showcases the rental trend of different properties in Cambodia. The data can be parsed to showcase rental trends for apartments/condos and houses. This is especially useful for expatriates looking for a good grasp of the rental prices in Cambodia.Median Prices And Popularity Index For Locations Within CambodiaThis table provides users with a comprehensive snapshot of the market trends for all residential and commercial properties. The table is arranged to offer a simple way to compare price and popularity changes across Cambodia. The data can be arranged to showcase the median prices/popularity of a particular type of property in a given time frame. For example, users can compare prices of apartments/condos before and after the outbreak of COVID-19 - a piece of information useful for both buyers and sellers of property within the Kingdom.Cambodia Real Estate Trends has been a massive undertaking by Realestate.com.kh and its software developers. But as Cambodia’s property market expands, so will the Cambodia Real Estate Trends. Users can expect future updates to further enhance data accuracy and the overall user experience and utility.Realestate.com.kh Sales and Marketing Contact:Nara Tang+855 86 644 903nara.tang@realestate.com.kh

The Collaboration between Wangfu Guoji, the developer of Le Condé BKK1 – the smart luxurious residental project and Xiaomi Cambodia – a global tech company, has begun to create a future revolutionary lifestyle to happen now.On August 28th, the Signing Ceremony between Le Condé BKK1 and Xiaomi Cambodia had held with the highly important guests’presence such as:H.R.H Prince Norodom BuddhapongH.R.H Princess Norodom SoriyaH.H Princess Norodom Pongmonirath DeviMr. Zhong Jin Jian, Executive General Manager of Wangfu GuojiMr. Cui Hui, Marketing General Manager of Wangfu GuojiMr. Gao Feng, Xiaomi Cambodia Country ManagerMs. Maarika Torn, Xiaomi Cambodia Marketing ManagerWith all the presence of our valued, a glimpse on Xiaomi's intelligence Smart Home technologies had offered our guests to experience the future of smart life.At the beginning of our event, Xiaomi presents the video of smart home technologies which made us feel the real future in present time. Imagin, “In the morning, the smart curtains are slowly opened, and allowed the natural light shining through; when you want to leave home, a one-click to activate the away mode and the air conditioner, curtains, music, and lighting are automatically turned off. After that, the security system is automatically turned on. While you are on your way back at home, you can make a smart appointment through the mobile application, so that you can turn on the air conditioner to cool down in advance. And even when you sit down on the sofa, the TV will warmly welcome you and automatically play your favorite music...” The ultimate vision of luxurious and convenient lifestyle is collided here in Le Condé BKK1.Next, Mr. Zhong Jin Jian said “Wangfu Guoji has always been committed to providing owners with complete solutions for a better life through high-quality products and services, and this is highly compatible with Xiaomi’s corporate culture. Together have created a strong cooperation to create the future community in luxurious model living.”As a pioneer real estate developer, Wangfu Guoji entered first in Cambodia with an enormous project locates in BKK1, the most prime suburb district in the capital that could offer great value for high-end residental and commercial lifestyle to the ultimate living of Cambodians.Afterward, Mr. Gao Feng，Xiaomi Cambodia Country Manager, stated that “Smart Home is a revolutionary in modern era, and Xiaomi’s goal is to cultivate this revolutionary into reality. And Wangfu Guoji will be Xiaomi’s first oversea smart home project in modern living innovation in Cambodia.”Both parties mutually reached a strategic cooperation to jointly create the First Cambodia’s smart residential community that will upgrade the future of Cambodians living.The next exciting moment, Mr. Zhong Jin Jian, representative of Le Condé BKK1, to officially introduce our Brand Ambassador, “H.R.H Norodom Soriya” with the presence of namely Royal family members in this occasion, presented the Royal Brand Ambassador certification by Mr. Cui Hui and Ms. Maarika Torn.H.R.H Norodom Soriya, successfully graduated with a bachelor's degree in international politics, said that “I am deeply attracted by the creative concept and ingenuity of Wangfu Guoji, especially after visiting the Sales Gallery and Unit showrooms.With these remarks of the cooperation unveiling ceremony, the signing ceremony came to a successful conclusion. But Wangfu Guoji believes that a new life full of wisdom is slowly starting.

Lin Yutang, a Chinese novelist, pondered in “The Chinese Way Of Life”: “With all the wisdom and common sense of mankind, one problem remains to be solved: How do people support themselves and ultimately enjoy life to the utmost satisfaction?”Developments in residential technology have made it possible for large flats to allow people to work in cities and give them the space needed to live comfortably. These large flats in the center of highly urban areas represent how achievable a good life can be. And interestingly, it’s become more mainstream across Cambodia’s growing property market.These large floor plans allow for magnificent views of winding rivers and growing cityscapes. These sights are even more majestic when all of the city’s lights are lit up at night.Standing about 140 meters high, Sky Villa has certainly attracted the attention of luxury property seekers from all over the world. It uniquely stands within Phnom Penh’s growing skyline, making it the perfect home for countless urban elites looking for the quintessential luxury lifestyle of tomorrow.The key to achieving this is the integration of top quality living with access to the conveniences of downtown. Sky Villa lets its residents reap the benefits of living luxury while being at the center of Phnom Penh’s thriving urban activities - all to be delivered by the end of September 2020!Of course, luxury living doesn’t simply stop at the location and simple comforts. Sky Villa’s facade is a masterpiece of modern building design from great modern day architects. Internationally renowned Taiwanese architect Li Zuyuan (CY Lee), the mind behind Taipei 101, Kaohsiung 85, and the Chung Tai Chan Monastery, served as the lead for the team of architects responsible for the Sky Villa’s iconic appearance. Sky Villa’s residences are a canvass where residents can mold their units according to their preferences. Whatever their design may be, comforts surround their homes such as a wide outdoor area, dense gardens, and the natural light that adequately fills every inch of the Sky Villa’s interiors.Sky Villa is located in a prime area of Phnom Penh, south of the Olympic Stadium in Makara District, and is adjacent to Sihanoukville Avenue and Polish Republic Avenue. The surrounding area is a center of Phnom Penh’s transportation network and is home to a host of supporting facilities. It is also only a few minutes away from the BKK consumer hot zone.Government agencies, embassies of various countries, international financial institutions, and other commercial supporting facilities are near Sky Villa. Within the 3KM radiation range, there are Olympia Mall, AEON 1, the Russian Market, and the Central Market.In addition to the bustling shopping malls, sports centers, etc., there are also many renowned schools around the Sky Villa, allowing parents plenty of choices for the benefit of their children. It’s almost poetic how a sense of peace can still be experienced in the middle of Phnom Penh’s thriving urban life.SKY VILLA was designed and constructed with two 35-storey twin towers, beautifully crafted to stand uniquely in the center of Phnom Penh while complementing the city’s growth as the next investment hub in South East Asia. The beautiful scenery has become a new landmark of the original "Pearl of Asia".The Sky Villa has a magnificent welcome hall, and the atrium is 10 meters high with natural light. The classic butterfly spiral staircase of European aristocracy can move to the mezzanine banquet hall. It is specially customized for high-standard banquets and private parties without the hassle of public places.The exclusive Sky Villa Club on the top floor also has a wine cellar, a recreation room, which can be used as a private room, and a reading area. Next to the club is a restaurant that can make delicious and rare dishes.The layout of each villa-type apartment of Sky Villa shows the exquisiteness of the palace-level private space, using superb design techniques and high-quality interior finishings to create a luxurious and comfortable atmosphere for everyone. Sky Villa has a four-story underground parking lot, safe access to the home, and 24-hour monitoring equipment to protect all aspects of the house. Taking into account the usage habits of different age groups, all apartment door locks adopt 3 unlocking methods of "password + swiping card + key", and are equipped with full-featured video intercom - all of which facilitate the conveniences associated with luxury living and ensure family safety.The full-featured video intercom can also be connected to the door sensor, infrared alarm detector, smoke detector, and other equipment to upgrade to a security technology protection network for protection against theft and other unauthorized entries. Each apartment is also equipped with an indoor escape door. This is used when the elevator cannot be used, especially in times of emergency to go immediately down the stairs. Sky Villa provides maximum protection for the owner's life and property safety.The Sky Villa has 256 units with an area ranging from 272 to 509 square meters. There are eight types, all of which are high-taste luxury units, ideal for property seekers looking to live in true luxury.As a rare and large flat-floor mansion in Phnom Penh, a spacious and bright living room and balcony with panoramic views of the city are considered essential. Each apartment type of Sky Villa has 2 french windows for residents to enjoy the city view and the space is very large. The height of each household is 3.6-4.1m, allowing the owners a large breathing space to design their space however they please.Each apartment in the Sky Villa has a well-designed large viewing balcony, which can be directly accessed through the glass door of the living room. The owner can build a private garden, or use it as a barbecue area or a tea tasting area. Taking into account safety issues, the balcony guardrails of each apartment are made of double-layer tempered glass and advanced stainless steel technology, which is simple, beautiful, and durable.The Sky Villa installed a double-layer soundproof glass which can effectively block 90% of the noise coming from outside. If you want to live in a busy city but can enjoy the tranquility of where you are, the soundproof design of the room is particularly important.Each apartment type of Sky Villa is designed with more than 2 rooms. Both the master bedroom and the second bedroom have a very large space, which can ensure the comfort of life. The interior of the bedroom can easily accommodate a large bed of more than 2 meters, and a dressing room and cloakroom can be opened.The toilet adopts the design of separation of dry and wet. It is transparent and has a bathtub. The shower nozzles of the bathroom are all internationally renowned brands, which are beautiful and durable and easy to clean. The storage cabinet in the bathroom can be hung in the air and is fully enclosed, moisture-proof, and dust-proof. The invisible handle keeps it beautiful while also ensuring safety.As the most important area in any family, each kitchen has floor-to-ceiling windows, which are very transparent and bright. The walls are tiled as a whole and do not absorb oil and smoke, it also looks tasteful and easy to clean. The L-shaped design layout puts the position of the refrigerator, cabinets, and spacious operating table neatly which makes accessing each one convenient when attending to gatherings, however small or large they may be.Sky Villa has always had a unique advantage as the project with the largest floor area in Phnom Penh’s fast-expanding property market. The needs of residents are carefully taken into account in the design of every apartment - creating and exceeding the urban life of Western homes for every family.Do you want to get a large-scale existing villa-level luxury apartment at the most affordable price? The Sky Villa is the perfect choice for living the utmost luxury lifestyle in Phnom Penh!

Phnom Penh has come a long way from its rural beginnings into becoming a hotbed of new and exciting real estate developments. The city’s progress is already at a stage where many projects are integrating residential and commercial in a single development - a trend among the many luxury choices in Cambodia’s capital.Wealth Mansion, developed by Everhealth International Investment and Development Co., Ltd., is a top-class development located in Chroy Changvar. Its construction began in 2019, making it one of the most recent projects soon coming to the district’s ever-growing set of residential options. While it has experienced challenges during the outbreak of COVID-19, Wealth Mansion’s expert management eventually overcame its difficulties and put the project back on track.The Wealth Mansion is a great example of the modern lifestyle offered in Phnom Penh. It combines 3 of the biggest factors that make any development a great residential investment for years to come. PRIME LOCATIONThe Wealth Mansion occupies part of the scenic riverside of Chroy Changvar, and sits on the east bank of the Tonle Sap overlooking the intersection of the winding rivers. This mixed-use development will stand 45-storeys tall with a height of 166 metres standing in a well-connected traffic network with multiple services including ferry and the future city railway.  Phnom Penh’s developers have been on the lookout for new areas as the city expands outwards, and Chroy Changvar is definitely shortlisted as the next big district. The once-forgotten peninsular district is seeing increased interest from real estate companies. The race for good locations has led to a flurry of the new shops, restaurants, and other businesses surrounding the Wealth Mansion.FULL LUXURY UNITSDesigners of the Wealth Mansion poured a great deal of attention in all its residential aspects. Rixing Design, a renowned international design firm, melds pleasant ambiance with a well-preserved ecology; absorbing all the unique elements of Chroy Changvar within Wealth Mansion.Architects of the Wealth Mansion 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.The 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 design of a two-bedroom apartment focuses on bedrooms, kitchens, and balconies. Mostly, a master bedroom comes with an en-suite bathroom. Residents can enjoy a more delicate family living atmosphere.TOP-TIER AMENITIESThe Wealth Mansion offers plentiful experiences covering a comprehensive range of services and other comforts. To start, a comfortable lounge room is located in the lobby for residents to take a relaxing afternoon in. A 400sqm state-of-the-art swimming pool is also available along with a 1,000sqm swimming pool, stylish spa centre, restaurant/cafe, and a conference room/multi-function hall, and many more.The property’s dedicated engagement in 24-hour security, concierge service, and home cleaning service, all make your stay easy and peaceful.

Le Conde BKK1 condominium project, Phnom Penh’s upcoming smart condominium, will be hosting a VVIP Sales Event on September 5. The event will offer visitors the chance to own the city’s premiere smart residences with starting prices as low as $8X,XXX. Buyers on the event day can also win additional prizes including luxury appliances, gadgets, and even a motorbike!Le Conde BKK1’s VVIP Sales Event is organized by Wangfu Guoji in cooperation with Century 21 Apex Property. The event will be held in the Le Conde showroom in BKK1 on September 5 starting from 10:00 to 20:00.The term “modern home” has come to refer to a wide variety of things. From design to comforts, plenty of developers across Phnom Penh have been marketed as modern homes. But none have yet to truly emphasize modern living through integrated smart home technology.Le Conde BKK1 stands out as the city’s premier smart condominium choice. Its developer, Wangfu Guoji, partnered with Xiaomi technologies to integrate a smart system in its condominium units. Simply put, residents can comfortably set up room temperature, lights, and even schedule when certain appliances will turn on - all within a few simple steps!Standing 43-stories high, Le Conde BKK1 will be the biggest landmark condominium project in the district. A total of 1080 units ranging from studio units to 2-bedroom units will be made available. Sizes will range from 30sqm to 42sqm for studio units, 50sqm to 62sqm for 1-bedroom units, and 70sqm to 90sqm for 2-bedroom units - all fully furnished and provided with the smart home solution quintessential for 21st-century living.Residents will also be under the care of HOPETREE, a Japanese property management firm, known for its consistent quality of services provided for residents. Under HOPETREE, Le Conde BKK1 will offer 5-star services for its residents such as cleaning services and car wash, to name a few.Its location within BKK1 gives it great value potential for many years to come as many established businesses, renowned schools, and popular cafes/restaurants are based there. Whether you’re a young professional or have a family, Le Conde’s location allows you and your relatives to live the utmost comfort and convenience within Phnom Penh.Experience true 21st-century living within the Le Conde BKK1 condominium project and save up to $52,000 during the event. Be sure to register on the event website (click here). See you on September 5!For any concerns and questions, you may contact Century 21 Apex: 0962121010 / 061555075

The robust Cambodian real estate sector was noted by investors as one of the new go-to's in the region. Supplied.The Cambodian construction and real estate industry has seen an influx of foreign investment and a flurry of activity in the past decade. According to CBRE Cambodia’s Fearless Forecast 2020, around $5.2 billion was spent constructing 2,867 approved projects in 2018. These figures significantly grew to $9.3 billion in investments spread across 4,443 approved projects in 2019.The flow of foreign investments has been growing since 2010 due to the country’s increasingly more appealing business environment. This streak, however, was broken when COVID-19 became an urgent global health issue in January 2020. Almost overnight, governments all over the world either limited or outright restricted foreign travel to prevent the spread of the highly contagious disease.The global tourism industry was hit the hardest as the result of the painful yet necessary measures. It also didn’t take long for the lack of international travel to initiate a domino effect that led to other sectors feeling the pinch; the real estate industry included. Cambodia’s robust real estate was one such market that experienced a slowdown that derailed projections of continued expansion for 2020 and even 2021.But as the Kingdom and most of the world learned to manage COVID-19, the restrictions on international travel were relaxed and a new normal started taking shape. In Phnom Penh, the widespread use of masks and the availability of hand sanitizers in public places has become commonplace - with most businesses reopening following these measures. International flights, though limited, are starting to return with strict health screening; the chief example of which is the return of thousands of Chinese expatriates working and living in the Kingdom.Health Minister Mam Bun Heng observes COVID-19 checks during a visit at the Phnom Penh International Airport. Fresh News.According to CBRE’s James Hodge, Senior Director of CBRE Cambodia, “Recent developments have given rise to the hope of recovery for Cambodia’s real estate sector, with increasing confidence and interest from investors and occupiers. CBRE notes a resurgence in inquiries for residential accommodation from expatriates and commercial space from existing companies.” The return of Chinese expatriates is highlighted as part of the renewed demand Cambodia may see if COVID-19 continues to be under control. “Sihanoukville has been struggling for almost 12 months now, but the improvement in infrastructure and increasing certainty around the future of the gaming industry seem to be acting as a draw for Chinese workers and investors; resurgence in domestic tourism is also a help for the province, and these factors could combine to position the district for a further growth spurt in the near future,” James added.Sihanoukville gains a new lease on life as property developments resume. KT/Chor Sokunthea.However, COVID-19 remains a looming threat to the Cambodian real estate, “Travel restrictions remain prohibitive to many international investors and businesses, and the recovery remains fragile whilst the threat of the further spread of Covid-19 remains – this is unlikely to change until there is a reliable vaccine and quarantine requirements are removed.” he added.Moek Chenda, the founder of Realestate.com.kh, also considers recent developments as a positive sign for Cambodia’s real estate market. “Foreign investors have played a big role in the country’s real estate development. Allowing them to come in, especially at this time, certainly presents a good opportunity for both them and the Cambodians that stand to benefit from new investments”.Much like other experts, Chenda shares the same precautions about COVID-19. “As we’ve seen, we can never be too safe. It’s fortunate that we have controlled the disease in Cambodia early on and established guidelines and procedures when it comes to screening new entries into the country.”New health measures required for foreign visitors were adjusted in August 2020. Fresh News.In June 2020, the government announced a $3,000 USD deposit and a requirement of $50,000 insurance from foreigners visiting Cambodia. The temporary policy was enacted to help fund the testing and quarantine all new visitors are required upon entry. The policy was changed in August 2020 reducing the required cash deposit to $2,000 and relaxing other measures to attract more visitors and investors in the country.According to James Hodge, “The government’s approach to adjusting entry requirements appears to be born out of the need to balance safety measures with economic growth. In terms of the real estate market, easing entry requirements is important in allowing decision-makers to access the country and action investments”.However, he expects these additional costs and quarantine requirements may still limit most visitors, saying “The changes are unlikely to yield significant adjustments at the current time due to reluctance to travel or face extended periods of quarantine at one or both ends of a flight.”When one door closes, another opens. The lack of foreign investors has caused several developers to offer discounts and/or benefits on purchase. According to Chenda, “It’s a good time for local investors to look at property as some may get up to 30% discount if they look hard enough.”Chenda adds that both buyers and sellers are still looking to connect even during this time, saying “There are still developers looking to sell fast and buyers looking to buy property fast, as well. And given that some sectors of the market are still active, online property platforms have a more important role in keeping the market going”.Keeping COVID-19 under control is integral to sustaining economic recovery. Supplied.Sustaining the recovery is certainly on everybody’s mind. In a report from the Khmer Times, the government allowed some businesses to reopen in July 2020 with conditions to adopt measures to curb COVID-19 infection. Businesses such as casinos, clubs, and KTVs have been allowed to reopen – a positive sign that the Cambodian economy will soon rebound. And any commercial endeavor opening spells good tidings for the real estate sector.“It is important that the real estate market adapts to aid the prevention of the coronavirus after all urbanites spend the vast majority of their time inside buildings, whether that is at home, school, the office, a factory or leisure venue, as such real estate is a primary resource and plays an integral role in stopping the spread of infections,” says James Hodge. He also highlighted the importance of upgrading and maintaining a building’s prevention policy to stop the spread of infection.The uncertainty of how much COVID-19 will influence the Cambodian real estate industry remains a hot topic among stakeholders. But recent developments may indeed signal the beginning of a continuous upward trend for the market.Phnom Penh’s real estate market still presents good opportunities during COVID-19. Supplied.“I believe we have started to see an uptick in market activity across some sectors,” says James Hodge. “This is helped along by Cambodia’s track record at controlling community transmission, as well as the pragmatic reaction of many market actors to the situation,” he added.While the uptick is certainly within sight, the risk of a 2nd wave is still no less of a threat. “As we have seen recently in Vietnam and earlier in Singapore, Covid-19 spreads quickly and is difficult to control. Cambodia is by no means safe from either the direct or indirect impacts of the virus yet, so we must all remain vigilant and follow appropriate protocols – but if we can continue to follow our current path then the market should continue to improve in some segments.” cautioned James. “It will still be some time before we are back to pre-Covid-19 levels as there remain a number of headwinds, not least the impact of EBA withdrawal and macro impacts from the global economic woes.”Moek Chenda similarly believes that while pre-COVID-19 activity may still be some ways off, good opportunities still lay within the market. “Getting the real estate economy back to how it was before may take around 12 more months. But that does not mean people should hold off on buying today”, he continued. “The Black Friday Event back in June and the developer sales that followed should signal to buyers that now is a good time to buy property. They just have to keep their ears on the ground” he advised.Article by:

Leedon Heights Condominium opened their show room and sales office at its official groundbreaking ceremony. The event was graced by His Excellency, General Kun Kim, Senior Minister and vice president and General Secretary of Cambodia Veteran Association, Her Excellency Koeung Chandy, His Excellency Michael Tan, Singapore Ambassador to Cambodia, His Excellency Gnoun Pharaoth Vice Governor of Phnom Penh City and His Excellency Kim Rithy, Vice Governor of Kandal Province.Leedon Heights Condominium project is situated in the district of Sen Sok, right here in the heart of Phnom Penh. It will be built over an area of 1.5 hectares and it comprises of 4 towers with 36 floors each. The condominium is also situated conveniently with AEON Mall Sen Sok, International schools, Sen Sok Premium Centre, Makro Market, Water parks, Grand Phnom Penh Golf Club, and many more amenities in its surrounding.To celebrate its launch, buyers will be offered a celebratory discount of up to 8% and additional vouchers for the purchase of furniture. During the launch, there is also a lucky draw for visitors, with great prizes to be won.The developer LEEDON HEIGHTS CO., LTD. will be donating 10 houses, worth up to 30,000 US dollars, to the Cambodia Veteran Association, as part of its humanitarian efforts in Cambodia.In the recent press conference, Mr Horng Pheap, Managing Director and shareholder, Mr Nguon Chhayleang, Head of Developer Sales Team and Ms Ann Sothida, Managing Director of CBRE Cambodia, the Sole Marketing Agency of Leedon Heights highlighted:This condominium is a joint venture between a Cambodian, Singaporean and Taiwanese corporation with many years of experience in delivering high quality residential and commercial developments in Cambodia.The condominium offers first class facilities within the condominium grounds, like commercial spaces for retail outlets, café, mini-mart, sporting facilities like swimming pools and fitness centres and even a planned integrated child-care centre.The apartments range from studio apartments to 3 bedrooms apartments, and it caters to young couples who are looking to start their family to multi-generation families.The project, will be built with the highest standards in build quality and stringent fire safety protocol.A flexible payment scheme is also offered to the buyers and indicative prices starts from USD 1,700 per square metre.

Borey Lorn City is a new gated community development in Phnom Penh city, located along a wide-open National Road 3 in Por Sen Chey. Supplied.The outbreak of COVID-19 shifted the status quo of Phnom Penh’s real estate market. The fears of infection and the subsequent restriction on international travel lead to previous market speculations up in the air. One real estate sector, however, remains anchored on the land beneath it.Landed properties in Phnom Penh, more popularly known as boreys, are a collection of pre-made/designed houses within a gated community. According to Knight Frank Cambodia, the end of 2019 saw the addition of 4,654 units from 11 recently completed boreys. This led to Phnom Penh’s year-end stock standing at almost 56,000 units spread across 142 developments - a 21% increase from the previous year. The addition of more than a dozen new projects launched in H2 2019 is expected to add further 2,675 units upon their respective completion dates.Knight Frank also indicates that if all on-going projects are finished as scheduled, Phnom Penh could see an additional 20,000 residential units added to its borey portfolio by the end of 2022. This will bring Phnom Penh’s borey stock at an estimated 76,405 units.This influx of new residential units are categorised as Mid-tier developments (64%) whilst the remaining is divided between Affordable (28%) and High-end (8%).At the end of 2019, Knight Frank indicated that approximately 52% of the landed housing supply are flat houses whilst link houses comprise 14% followed by twin villas with 13%, shop houses with 11%, and villas with 11%. Generally, flat houses remained the more popular and sought-after type of landed house, commanding a higher sales rate as compared to the other types.CONFIDENCE DRIVEN BY LOCAL DEMANDDespite the recent disruption from the headwinds including the partial withdrawal of EBA preferential trade arrangements with the EU, the Covid-19 outbreak, and external geopolitical and economic uncertainty, Borey developers’ confidence remains strong, according to CBRE Cambodia’s Q1 2020 market report.The key to this assessment is the launch of more than a dozen projects between September 2019 and March 2020. Project launches by Cambodia’s leading real estate developers such as Chip Mong Land and Borey Peng Houth Group also indicate confidence within the country’s real estate future - now mainly driven by local demand.According to a report by the Khmer Times, the lack of foreign investment has forced developers to search for a new market. And with the absence of the usual clientele, the spotlight has shifted to the local Cambodian market, and about what they want from real estate developers.For example, the high-end condominiums in the capital, which include gyms, rooftop infinity pools, five-star restaurants, movie theatres, kindergartens, and mini-marts, have seen a recent drop in price by up to 50 percent. The continuous lack of foreign investment in recent months has opened up the market for more domestic investment at much more attractive rates.The Borey market itself is seeing the same interest as Cambodians value land as a safe store of wealth. And as COVID-19 drags on, locals are more convinced that a tangible form of security, particularly in landed properties, is more important now than ever. Article by:

As Phnom Penh continues to grow its local brands and attract international names, it only follows that a burgeoning new market will have to start seeing something new in its advertising space. And recently, the city just got something big!PixLed Media International is a digital out-of-home advertising firm making Cambodia’s big LED screen dreams become a reality by delivering the biggest LED screen in the entire country yet. Located along the National Assembly Road, the size of their LED display is hard to miss - something advertisers exactly want in their digital advertising campaigns.But PixLed Media International isn’t merely relying on its status as having the biggest LED screen in Cambodia. PixLed Media utilizes its years of experience and takes advantage of reliable marketing data to determine the utmost value to its clientele.STRATEGIC LOCATIONIts location along the National Assembly Road is hard to miss. It’s a major road artery serving the countless growing residents of Phnom Penh and connects the urbanizing southern districts to the developed city centre. A few notable landmarks are also well within the proximity of PixLed Media Int’l’s LED screen, such as AEON Mall, NagaWorld, and the National Assembly. These high-traffic areas, in both foot and cars, guarantee advertisers hundreds of thousands, if not a million, views on the daily.BIGGEST LED SCREEN IN CAMBODIA“Biggest LED screen in Cambodia” isn’t just a marketing term. Their main advertising asset measures almost 1000sqm and is 12 times bigger than the next biggest screen in the country. Just for scale, a 1000sqm is larger than most single property for sale in Phnom Penh. It’s so expansive that any image/video shown on the screen can be seen for up to 2.5km away.QUALITY IMAGINGOf course, being able to see what’s on the screen 2.5km away isn’t just about the size. PixLed Media Int’l’s display has a high pixel count of making images look sharper and overall a lot more appealing than other LED advertisements in the city. Professionally made ads inspire more confidence and trust - the foundations of any successful commercial brand.APPLIED MARKET INSIGHTSFrom the best time to advertise to recommending the best kind of content for targetted marketing, PixLed Media Int’l takes advantage of researched market insights, and their own experience as digital out-of-home advertisers, to deliver the best possible result/advice for clients.A host of established and popular brands within Cambodia have already partnered with PixLed Media Int’l and are looking to help more businesses and organizations spread their message to a wider audience.If you’re looking to market with PixLed Media International, and take advantage of their market expertise, you may reach them through the information below:Kimberly YoroPhone number: 016 564 970Email: kimberly.yoro@pixled-media.comFacebook: Pixled Media International Facebook

Phnom Penh’s outward expansion continues to see once-rural districts gain a new lease on life. Chamkarmon, Russey Keo, Toul Kork, and Sen Sok are a notable few who have seen considerable urbanization in the past decade alone. And with all this impressive progress, it was only a matter of time until Cambodia’s developers take the next big step in widescale urban development: creating a satellite city.Satellite cities, however, are not alien to Phnom Penh’s real estate market. Koh Poch a.k.a. Diamond Island is a chief example of how feasible the idea is within the Cambodian landscape. The apparent popularity of Koh Pich among the new generation of property seekers has led to the Overseas Cambodian Investment Corporation (OCIC), Koh Pich’s primary developer, planning for another satellite city project - this time in the Nirouth subdistrict of Chbar Ampov.Chbar Ampov itself is a district only starting to see big commercial and residential developments as of late. The biggest and arguably the most popular of these is the upcoming Vue Aston residence in the Nirouth subdistrict.The Vue Aston is a 38-storey luxury waterfront project with residences putting an emphasis on providing comforts similar to what can be found in city centres. It is the most sophisticated upcoming development in Chbar Ampov having only started groundwork in 2020. And while the OCIC’s project is still within its planning phases, the Vue Aston provides us with an intriguing preview of the district’s biggest undertaking yet.Sophisticated residence and amenitiesDevelopments in the city elevated the residential standards of many property seekers. And the Vue Aston certainly accommodates the range of new and sophisticated demands of the Cambodian market.The Vue Aston offers a range of units ranging from studio (up to 55sqm) to 4-bedroom apartments (up to 239sqm). Apart from the 4-bedroom unit, the Vue Aston’s residential portfolio offers potential buyers a selection of different floor plans to choose from. Rooms are adequately designed to allow for easy navigation between rooms; making it easy for residents to be at home, in their new home.The Vue Aston delivers on complementing its fine residences with the appropriate quality of amenities as expected from a true modern project. It takes advantage of its waterfront location by giving residents an unobstructed magnificent view of the Bassac and Mekong rivers. Residents can freely take in these sights while enjoying other amenities such as its fully equipped gym/fitness centre, outdoor swimming pool, and open garden, among many other facilities.A great location for multi-generation livingLocation tends to make or break any property investment. The Vue Aston is squarely in the middle of two of Phnom Penh’s most prized locations in the coming years. To its north is Koh Pich, a commercialized area of its own representing what Phnom Penh’s developers have in mind for the city. While Koh Pich is only currently connected to downtown Phnom Penh to its wast, plans are in place to build a bridge on the island’s southeast area to directly connect it to the Nirouth subdistrict of Chbar Ampov - right in the area of Vue Aston.The Nirouth subdistrict is also planned to have its own satellite city to be built by OCIC. According to initially published plans, the planned satellite city will be a quick drive away from the Vue Aston - an enviable position that could certainly drive property values up once groundwork begins!The Vue Aston is currently offering flexible payment plans for interested early buyers. Let us know if you’re interested and we’ll connect you with the right people at the Vue Aston today!

Phnom Penh - The Luxurious and international-standard Leedon Height Condominium, comprising 4 towers on 1.5 hectare of land in the highly potential part of Phnom Penh, is now opened for booking at special prices, starting from 07 August 2020 onward.The Leedon Height Condominium is surrounded by major projects, including AEON Mall Sen Sok, international schools, Sen Sok Premium Centre, Makro Market, Water parks, Grand Phnom Penh Golf Club, and many others.Mr Horng Pheap, Leedon Height Condominium manager, said this is not his company’s first successful project in Phnom Penh, but this condominium is particularly special in the way that it has been perfectly designed and a joint venture between Cambodian, Singaporean and Taiwanese corporations with many years of experience in delivering high quality residential and commercial developments in Cambodia.Apart from comfortable residence, with unique freshness and wonderful décor, customers will also be entitled to other benefits such as discounted prices and fine furniture.Mr Pheap added that the condominiums project will launch its sales office and hold Foundation Stone Laying Ceremony to begin the construction on 13th August (next week), and the construction is expected to be completed in 2024. On the occasion, the company will be offering special promotions, including discounts and lovely gifts, to our customers.Meanwhile, Mr Ngoung Chhayleang, the director of the sales department, said, “Our condominium is designed based on the vision of “Leaf Anatomy”, which with the road networks resembling the veins on a tree’s leaf, bringing charm to the entire project. These veins will guide us to a wide array of facilities on the compound, including huge swimming pools, kid parks and fitness centres, attributing to a beautiful community.”Mrs Arn Sothida, General Director of CBRE Cambodia, said, “Our project, apart from a high quality, elegance and affordable prices, compared to other projects, we also provide flexible payment scheme to match our customers’ situation.”She added that the prices of other condominium projects in today’s market range from USD 2,500 to USD3,000 per square metre, which are beyond the affordable line of some local buyers. On the other hand, for the Leedon Height, as we prioritise the local people, the price we is offering starts from only USD1,700 per square metre.For more information, call us: 092 92 1000 or email: info@realestate.com.kh.

Nowadays in Cambodia, more and more young people have dreams of having a family and living a quality life.  As people's living standards improve, the demand for modern well-furnished small apartments become more and more popular and driving many real estate enterprises to meet the demand of this sector.As a result, Cambodia's booming real estate market has been dominated by offers of small fully-furnished apartments made presentable and complemented by a good set of amenities. Developers of this new breed of apartments also take location – a deciding factor in property purchases – into consideration as Phnom Penh’s residents are starting to prefer higher quality living that matches their growing purchasing power.Baoli Mansion, a project that started in 2018, is one of this new generation of properties. Baoli Mansion offers a well-rounded portfolio that satisfies for residents and other stakeholders. A complete living and investment solution is provided as residential comforts are packaged with professional property management, making it a highly competitive residential and investment option for many in the market.As of writing, Baoli Mansion’s first phase, which includes a hotel-style apartment building, is nearing the completion of its interior and exterior decorations and is set for handover towards the end of September 2020.Located in the heart of Phnom PenhBaoli Mansion is located in Khan 7 Makara, a centrally-located district of Phnom Penh. Its surrounded by a wide range of affordable and luxury commercial offerings. Banks and vital public services also dot the proximity. The amount of urbanization in this area has been compared to Wangfujing Avenue in Beijing.Baoli Mansion sits at the intersection of Kampuchea Krom and street 139. It’s hemmed by the vital road arteries coming from Monivong Blvd to its easy, Nehru Blvd to the west, Preah Sihanouk to its south, and Russian Federation Blvd to its north.A residence fit for the modern CambodianThe Baoli Mansion offers modern luxury apartments with smart layouts and with full function, which is designed to maximize domestic contentment with a vibe of continuous prosperity.The first phase of the project consists of 28 storeys with 644 units of refined apartments stretching on the floors above the 5th floor. There are five high-speed elevators, 240 car parks, 450 motorcycles parking spaces inside. Each floor plan comprises 28 units of apartments in four different types in a range of sizes between 47-57 square metres, 20 of which has a floor area of about 47 square meters. The net area average rate is about 77.53%, far exceeding the usual utility rate of high-rise residences around.The Baoli Mansion's 6-meter-high grand lobby is not only about style and class, but exuding a sense of home. The residence has an exclusive top-end VIP club, with cafes, gym, restaurants, and bars, which is also accessible to tenants.The FTCP, experienced property management firm based in Taiwan, is going to provide a butler service package to overseas owners, including leaseback, ordinary care, financial settlement, tax law consulting, and other services you can customize according to your needs. Work with them to manage your property, you will be able to gain investment yields and collect without any fuss.To sweeten up the deals, developers offer a 10-year leaseback option to buyers, in which guaranteed rental return will be paid as $8,000 per year during the first 5 years, and then 70 % of rental excluding tax will be paid based on the size of the consigned unit from the 6th to the 10th year. And a plan B would be that developer will offer a price of 120% of the initial cost to buy back property in the Baoli Mansion by the end of the 5th year after handover.The Baoli Mansion is amongst a few great potentials in this prime location, luxury, comfort, and beauty rolled into one, it has been marketed as the perfect dwelling for the urban elite and celebrities, as well as a strategic private investment for international buyers.Interested in this property? Know more by visiting our full listing and let our live chat know!Notice: the register code: REAKH

The surge of new developments has given Phnom Penh a fresh set of choices for its residential and commercial property hunters. Most apparent are the high-end developments that sprung up across Phnom Penh’s busiest districts. But high-end developments, as of recent events, are experiencing a slowdown due to the absence of their usual foreign clientele.In July 2020, the Cambodian government announced the lifting of restrictions on businesses across the Kingdom so long as they meet additional healthcare requirements. The announcement signifies Cambodia’s return to form as a robust investment destination in South East Asia.However, it’s starting to become increasingly clear that not everything will return to how it was before. The widespread pandemic fears significantly shifted buyers’ priorities, and consequently, put the spotlight on other segments of the Cambodian real estate market.Mid-range developments were being constructed before the pandemic but were not the highlights of Cambodia’s property portfolio. Now that Cambodia is seeing economic activity return, these mid-tier properties are starting to attract more Cambodians looking to secure their future - all without breaking the bank.The Hexa condominium is one such mid-tier development garnering the attention of buyers for a lot of good reasons. From its location, amenities, and price, the Hexa condominium offers great value in a market where most people ask “Who’s going to buy that expensive condominium?”LOCATIONThe Hexa condominium is located in Russey Keo district, an urban area north of the Phnom Penh’s downtown. It’s directly connected to the bustling city center via the Preah Sisowath Quay and is conveniently attached to the many roads leading to the highly urbanized areas of Toul Kork and Sen Sok. The neighboring Sen Sok district specifically is also offering some urban highlights such as the AEON Mall 2. Russey Keo district is between Phnom Penh's town center and emerging suburbs estimated to house 600,000 residents.As the extension of Toul Kork's upward momentum and prosperity to its north, Hexa Condo is bound to be a great option for middle-class and professionals, which also provides stylish office space that is crafted for the needs of commercial properties around the area. Residents of the Hexa condominium will have plenty of places to go to as Phnom Penh expands outwards.RESIDENCES & AMENITIESThe Hexa condominium offers a variety of apartments ranging from one to three bedrooms, and between 30 to 64 sqm of net area. Each unit type features a subset of room layouts giving potential buyers a set of choices for their new home. Regardless of the number of bedrooms, each square meter in the Hexa is consciously allocated to provide residents the optimum living experience; moving from one room to another is made easy with this optimal usage of space.The ground floor serves as the building’s main lobby where residents are provided with a wide set of conveniences such as a concierge service, property management, and an open workspace (among many others). A gym, swimming pool, and romantic sky bar are located on top of the building for the exclusive use of the Hexa’s residents. It’s already quite easy to picture a cozy lifestyle at Hexa Condo with everything that’s been mentioned far. And we haven’t even discussed the best part yet!PRICEThe Hexa, for everything it has, is priced well within the mid-tier of the market. Unit sale prices start at $50,000 or a little over $1,300 per sqm. By comparison, most units with the same convenience and proximity to the city center are priced significantly higher, sometimes ~30% more per square metre. This puts the Hexa at a great price advantage in the current Phnom Penh real estate market.Its developer, SJS Construction & Development, a Taiwan-based company, recognizes the growing demand for simple yet high-quality residential projects in Phnom Penh. Their previous project, the SJS1 Borey, was a hit and quickly sold out. The Hexa takes a lot after the borey’s successes and brings the same tried-and-tested quality to condominium hunters in Phnom Penh.