Preah Sihanouk authorities on Sunday announced the start of work to repair damaged infrastructure and building new roads in the city. The project is expected to complete in eight months.According to Preah Sihanouk Provincial Governor, Kuoch Chamroeun who made the announcement via a post on his official Facebook page, 24 stretches of roads accounting for 74 kilometres will be fixed with $100 million budget from the Cambodian government. The work is carried out at the same time by seven different contractors.The renovation project is closely studied and monitored by various high-ranking government officials including Minister of Land Management, Chea Sophara, Minister of Public Works and Transport, Sun Chanthol, Minister of Tourism, Thong Khon and Minister of Environment, Say Samal, according to the post.The $100 million budget was allocated from national reserve funds by Prime Minister Hun Sen in August during a Council of Ministers meeting.Roads in Sihanoukville have been badly destroyed over the past years due to the frequent transportation of heavy construction materials as the city’s real estate and construction sector booms.Registration for Cambodia Real Estate Awards 2019 is open. Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Article by:

Phnom Penh, Cambodia: Tens of thousands of property buyers, investors, real estate agents, developers and more flocked to NagaWorld Hotel over the weekend where the country’s biggest property show, Realestate.com.kh EXPO 2019, was held.Realestate.com.kh Expo 2019 earns a magnificent triumph The Realestate.com.kh EXPO 2019 is a series of real estate exhibitions organised by the country’s leading property search platform, Realestate.com.kh. The show was once again the country’s top real estate event of the year, according to Tom O’Sullivan, CEO of Realestate.com.kh.“This is another milestone moment for our company and the team at Realestate.com.kh. Our latest event, the Realestate.com.kh Expo 2019 was our most successful property sales event yet, we are still totalling final numbers but we have certainly doubled attendees compared to last year and broke the record of $30 million in property sales. Our primary data shows we appear to be well over $40 million in property sales so far” Mr. O’Sullivan said.The Realestate.com.kh Expo 2019 was well-organised and named the biggest gathering of industry experts, developers, agents, financers, legal experts, local and international investors and homebuyers to date, according to the event's participants and speakers.Experts-led seminars help the public to understand the country's real estate development betterIt brought together more than 20 real estate and legal experts to talk about real estate-related topics and the industry’s current trends. To name a few: Cambodian real estate mogul Okhna Sear Rithy, Chairman of Worldbridge Group who gave the opening remarks, Oknha Cheng Kheng, Chairman and CEO of CPL Cambodia, Ms. Catherine Chan, Executive Director of Urban Village and Mr. Li Min, CEO of Prince Real Estate Group.The claim was also echoed by Mr. Marc Townsend, Chairman of CBRE Cambodia and one of the guest speakers at the seminar. He said the event was “well-attended, well-organised and CBRE Cambodia will be back next year.”Catherine Chan, Executive Director of Urban Village, one of the exhibitors at the Realestate.com.kh Expo 2019 said the event was "good and crowded". She added that the event helped raise branding awareness for her Urban Village project and the company will participate again in the next expo.One of the standout exhibitors this year was Prince Huan Yu Real Estate (Cambodia) Group, which closed more than 70 deals worth more than a whopping $15 million, said the company’s planning manager, Mr. Li Yan Jin.Realestate.com.kh Expo 2019 holds the country's best property show of the yearPrince Huan Yu Real Estate in total sold 48 units of office space of Prince Huan Yu Center in Phnom Penh and 24 condo units of Prince Golden Bay in Sihanoukville. On top of that, the company received 168 leads, 68 of which were Cambodians, Mr. Yan Jin added.Another well-performing exhibitor was Morgan Group, which sold 50 condo units of its riverfront condominium Morgan EnMaison. According to the group’s planning manager, Mr. Yao Chao, 17 of the 50 units were purchased by Cambodians, and the total closed deals were worth about $7.5 million.Urban Village is another project that performed really well at the expo. The company sold 10 units on spot and closed 100 more deals in the past week which worth $10 million in total, Ms. Catherine Chan said. Toul Kork Lane had also closed two deals amounting to nearly $130,000.Realestate.com.kh Expo 2019's generous sponsors Realestate.com.kh Expo 2019 was made possible with the generous support of LukFook Jewellery Cambodia, a Hong Kong-based jewellery company with thousands of retail outlets across China and Southeast Asia.Also joining to sponsor the show were international logistics giant ZTO Express, Ezecom, LZ Sea View Residence, Cellcard, The Khmer Times, Netease, Lumiere Residence, YuanDao Architecture, Snowbell Hotel, and CDF-Cambodia Duty-Free.Exhibitors at Realestate.com.kh Expo 2019The companies that presented at the Cambodia Realestate.com.kh Expo 2019 were Aru-Me Metal, Prince Real Estate Group, Prince Huan Yu, Prince Jin Jia, Victory Bay, La Vista One, Urban Village, Bel Air, Creed (Zelkova), Aristo Developers, SH Condo, M Residence, Chief Bank, North Park Condominium, The Penthouse, Beyond Design, HLG (Harvey Cambodia Co., Ltd.), Pafillia Property Developers, Leptos Estate, MAA Architecture & Design, Oxley Emerald, Orkide Villa, Le Bassac, E-Power, Yi Fung Real Estate, Huateng (Cambodia) Investment Co. Ltd., New Landmark, Unicom Scienceplastic, C-Herald Property Service, Huaye, HYO, Morgan, R&F, KH Land, International Top Agent (ITA), Toul Kork Lane, Baoli Mansion, The Bund, CBRE, WanHao, Wealth Mansion, FDD Real Estate, Century 21 Cambodia, and Zenearth.Media Partners Media companies presented at Realestate.com.kh Expo 2019 include: Thmey Thmey, Property Area Asia, Fresh News, CTN, MYTV, Khmer Times, Sabay, Biz Khmer, B2B Cambodia, Eurocham, Britcham, Amcham, Koh Santepheap Daily, Love FM, Sing Meng, Gold Zone Media, Nice Tv, Grep Tech, CDF, Fang.com, Enjoy Cambodia, Angkor Today, Jian Hua Daily, Commercial News, The Cambodia China Times, Tnaot App.The next marquee event from Realestate.com.kh in its event series is the Cambodia Real Estate Awards, which is held in conjunction with the CVEA and the Ministry of Economy & Finance on December 2019. Sponsorship and entries are now open!If you’re interested to sponsor the event please call:Nin Kang (Chinese/Khmer)nin.kang@realestate.com.kh+855 78 637 323 / +855 93 552 305Tyler Stuart (English)tyler.stuart@realestate.com.kh+855 12/81 599 669 Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Article by:

Real estate experts and developers encouraged local investors to invest in building warehouses and claimed Cambodia is in need of more warehouse spaces as the country’s industrial sector continues to grow rapidly.During his opening remarks at Realestate.com.kh Expo 2019 last Friday at NagaWorld Hotel, organised by Cambodia’s leading property search platform, Realestate.com.kh, Cambodian real estate mogul and Chairman of WorldBridge Group Okhna Sear Rithy has called for local investors to build warehouses while the majority focuses on building condominiums, offices spaces and boreys.He believed it will generate more income compared to other types of real estate developments and at the moment warehouse developments are prominently invested in by foreign investors. “I can guarantee that if we have capitals and resources to build warehouses at the suburb of the city, we will earn good revenues,” he said.“If we build warehouses for rent, the business will generate at least 8 to 10 percent in return while renting a condominium can only generate us 5 to 8 percent,” he added.A report by V Trust Appraisal revealed the number of industrial enterprises in Phnom Penh grew tremendously from a small base of 31,000 square meters of industrial space used in 1998 to about 1.58 million square meters in 2018.Heom Seiha, V Trust Appraisal’s research director, predicted the total land size for the garment sector in Phnom Penh will reach nearly 2 million square meters by 2030, virtually twice the size of space needed in 2018.“The garment sector, including clothes, leathers, and shoes productions, took majour lead in industrial growth in Phnom Penh city, not to mention the whole Cambodia,” he said, adding that the garment sector occupies about 70 percent of total industrial space, followed by food and beverage processing and packaging.Lim Heng, Vice President of Cambodia Chamber of Commerce told Realestate.com.kh that the rise of foreign investments in the last few years has driven the demand for storage spaces and has made it hard for investors to find warehouses to rent.“There are no warehouses for rent inside industrial zones at the moment. This is because a large number of companies are currently using the existing ones,” he said.A new report released this month by ADB shows the economy of Cambodia will continue to grow in 2019. ADB predicts that Cambodia’s GDP will grow 7 percent this year and 6.8 percent in 2020.The report noted the country’s industrial growth was robust due to a surge in production of footwear, and travel goods, which led to a revision from 10.1 percent in ADB's April forecast to 10.6 percent, it said.Okhna Cheng Kheng, Chairman and CEO of CPL said more Cambodians are interested to invest in warehouse developments given the rising demands of warehouses due to the rapid increase in foreign investments.“Demands for factory spaces are increasing, thanks to the growing inflow of factories from China to Cambodia,” he said.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Article by:

Cambodia’s biggest real estate expo is set for this weekend. The country’s most popular property website and the event’s organiser, Realestate.com.kh, is expecting this property show to break records of the country’s property sales in which its last property expo generated over US$30 million in property sales while developers gathered thousands of leads.Realestate.com.kh Expo 2019 is happening on this Friday and Saturday from 9:00 am to 6:00 pm at NagaWorld hotel, building 1, Grand Ballroom.Realestate.com.kh Expo 2019 is the latest in a series of property exhibitions that bring together local and international buyers and major real estate developers, including boreys, villas, condominiums and office spaces. It is an excellent platform for both buyers and developers to meet and communicate better.Many people found their dream properties and investments at previous events, with past expos generating over US$100 million in property sales.Who are our exhibitors?Our event is becoming bigger and bigger over the years with rapidly increased exhibitors and visitors. There are more than 80 exhibitors including real estate developers, law firms and financial institutions, to name a few, at the Realestate.com.kh Expo 2019.These companies have been working really hard for the past weeks on preparations for the country’s biggest property show. Tens of thousands of property buyers and investors are expected to show up.Our exhibitors for Cambodia Realestate.com.kh Expo 2019 are ARU ME Metal, Prince real estate group, Prince Huan Yu, Prince Jin Jia, Victory Bay, La vista One, Urban Village, Bel Air, Creed (Zelkova), Aristo Developers, SH Condo, M Residence, Chief Bank, North Park, Condominium, The Penthouse, Beyond Design, HLG (Harvey Cambodia Co., Ltd.), Pafillia Property Developers, Leptos Estate, MAA Architecture & Design, Oxley Emerald, Orkide Villa, Le Bassac, E-Power, Yi Fung Realestate. Huateng (Cambodia) Investment Co.,Ltd., New landmark, Unicom Scienceplastic, C-Herald Property Service, Huaye , HYO, Morgan, R&F, KH Land, International Top Agent ( ITA), Toul Kork Lane , Baoli Mansion, The Bund, CBRE, WanHao, Wealth Mansion, FDD Real Estate, Century 21 Cambodia, Zenearth. MB Bank, OCIC, Yes 168 Real Estate-SJ Asset Management, SEAPS-South East Asia Property Services, Pointer, Borey Williams, Asian Condo Brokers, Vue Aston and Happy City.Real estate-related topics conducted by the industry expertsIn addition to the exhibition space, there will also be 23 seminars on various real estate topics led by some of the most outstanding local and foreign real estate experts who have years of experience working in the sector.Therefore, visitors do not only get to view many projects in one place, but they will also get a chance to learn more about the industry in Cambodia.Tom O’Sullivan, Realestate.com.kh’s CEO said, “We really think that seminars are a great way to educate the market. In this way, we are also fulfilling our responsibility as a trusted resource for our visitors.”Seminars will be conducted in three different languages including Khmer, English and Chinese over the course of two days with translations provided. So that everyone can participate.Day one seminar topicsRealestate.com.kh always strives to become the most trusted source of information on the real estate sector in Cambodia. It aims to create the most useful and educational event for its visitors. Therefore, visitors will walk away with new knowledge and insightful information to help them with their decision-making.Guest speakers for day one:Oknha Sear Rithy, Chairman of World Bridge Group, Opening remarksOknha Cheng Kheng, Chairman and CEO of CPL Cambodia, An overview of Sihanoukville real estate marketMr. Sorn Seap, Founder and Director of Key Real Estate, An overview of the real estate market in Phnom PenhDr. Kim Heang, Regional Operating Principal at Keller Williams Cambodia, An overview of landed property in CambodiaMr. Marc Townsend, Chairman of CBRE Cambodia, Where to find real value in real value in the Cambodia real estate marketMr. Matthew Rendall, Senior Partner at SokSiphana & Associates, An overview of Cambodia property lawMs. Catherine Chan, Executive Director of Urban Village, How to structure your project to focus on Khmer buyers, and what Cambodians should look for when considering their property purchaseMr. Dan Davies, Director of CBRE Cambodia, Protecting your investment: Opportunities and challenges of property management in CambodiaMr. Kieu Sarang, Brand Manager of MB Bank, An overview of business, property and vehicle finances in CambodiaMr. Seraj Sutton, Chief Operating Officer at Century 21 Cambodia, An overview of Kampot regionMr. Tom O’sullivan, CEO of Realestate.com.kh, Insights from Realestate.com.kh data and The Cambodia Real Estate SurveyMr. Nguon Chhayleang, CEO of Pointer Property, An overview of Siem Reap property market and Bakong villageDay two seminar topicsDo come back later for the second day as there will also be a wide range of other topics led by other real estate experts on the second day. They will help you understand the real estate sector in Cambodia better and help you make the right decision either for property purchase or investing in real estate developments in the country.Guest speakers for day two:Mr. Li Min, CEO of Prince Real Estate, An overview of the Cambodia property market and the future plans of Prince Real Estate GroupMs. Chhay Leakhena, LukFook Jewellery, LukFook brand story and introductionMs. Daphne Deng, Chairman of the Peninsula Capital, Executive Director of Sino-Cambodia Investment, 2030 Phnom PenhMr. Haijun Zeng, Partner at Tings and Associates, Uncle China Triumphs at lastMr. Edward Lin, CEO of Yi Fung Real Estate Services, An overview of Cambodia’s emerging markets, Sihanoukville, Bavet, Kampot and KepMr. Wayne Wang, Co-founder of LumiArch Global, A game of win-win or lose-lose between house/condominium sellers and buyersMr. Askins Lam, Country Director (China), Commtech Asia, The next frontier: Understanding the technical pitfalls within integrated resort and commercial developmentsDr. Raymond Choi, Chairman of Prestige Homes Cambodia, How will the online gambling ban impact the property market and Chinese FDI?Ms. Doris Han, Sithisak Law Office Senior Legal Advisor Sithisak, Corporate governance structure in Cambodia and Conventional land transaction issuesMr. Tasos Stavrou, Group Sales Operations Manager, China and Asia GM, Real estate investment opportunity in Europe-CyprusMs. Vann Sokun Nymol, Business Development Manager of Harvey Law Group, An introduction to permanent residence programmes in the US, Canada, the EU and citizenship programmes in the CaribbeanBig promotions at the Realestate.com.kh Expo 2019There will be significant discounts and promotions offered on the spot. The event offers a great opportunity to get the best deals on condos, boreys, land and more - all in one place. Don’t waste time driving all over the country looking for real estate. Come to the Realestate.com.kh Expo 2019 to save time and money.Visitors will, of course, get the chance to talk with the developers and ask plenty of questions. However, they will also be able to take advantage of promotions from developers, who will be competing with each other to reach their sales targets, said Tom O'Sullivan, CEO Realestate.com.kh.“If you’re looking to buy property this year, Realestae.com.kh Expo 2019 is an ideal event for you to look for your dream homes. All the biggest developers, boreys and condos will all be in the same room,” he said, “They will be competing to offer the best discounts they can for buyers.”Get instant souvenirs and chances to win big prizes from LukFook JewelleryThe main sponsor of Cambodia Realestate Expo 2019, LukFook Jewellery offers souvenirs for people who buy properties on spot at the expo. The first 12 property buyers of the day on both Friday and Saturday will be instantly given a piece of jewellery that is worth up to $200 from the LukFook Jewellery. (Buyers must present proof of purchase.)LukFook Jewellery Cambodia is part of a Hong Kong-based jewellery company with thousands of retail outlets across China and Southeast Asia. On top of the instant prizes, LukFook is helping to spice up the event more by offering the property buyers chances to win two grand prizes: Doxa Men's Watch worth $2,830 and Piaget Women's Diamond Watch worth $1,850. All property buyers are eligible to enter the drawing for the grand prizes.This year’s event is also sponsored by International logistics giant ZTO Express, Ezecom, LZ Sea View Residence, Cellcard, The Khmer Times, Netease, Lumiere Residence, YuanDao Architecture, Snowbell Hotel, and CDF-Cambodia Duty Free.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Register for free now for express entry.Article by:

Make sure you book an appointment to visit Aristo Developers at this years Realestate.com.kh Expo to learn about investing in the Cyprus property market & unlocking visa free travel to over 150 countries! For over Four decades, Aristo Developers has been the preferred choice for establishing long-lasting property partnerships in Cyprus. As an award-winning property developer, we are able to offer the most comprehensive real estate solutions, for you and your clients, with the widest range of freehold properties in the most prime locations throughout Cyprus.Aristo Developers OverviewOver 40 years of experience in Property Construction and Real EstateOver 300 island wide developments with 35 projects currently in the marketOver 14,000 satisfied clientsLarge-scale investment opportunitiesRepresentative offices in China, Egypt, Greece, UAE and VietnamExtensive network of partners around the globeGuaranteed delivery dates and title deedsExcellent after-sales and customer services including property management, landscaping, maintenance, rentals and re-salesIntroducing CyprusAs the safest country in the European Union, and one of the best countries to relocate globally (Knight Frank), Cyprus is an attractive place to do business and a unique place to reside. Real Estate in Cyprus has proven increasingly popular to foreign investors which consist of 25% of the island’s investors. Individuals looking to invest through Real Estate, take advantage of Cyprus’:The most favorable incentives in the area of property taxation:- Zero Property Tax- Zero transfer fees- 5% reduced VAT policy for first property purchase- Zero inheritance tax- Low Capital Gains TaxThe future of Cyprus is extremely positive. Significant gas reserves in Cyprus’ exclusive economic zone and the creation of the largest European casino in Cyprus will contribute significantly toward the growth of the island’s economy, and will attract high net worth individuals and tourism.  The island has already established itself as a premier golfing destination with four international golf courses currently operating and more are planned, both to meet growing on-island demand and the requirements of quality tourism.  Cyprus has also become increasingly popular for integrated luxury yachting marinas which have attracted a new caliber of world-class tourists and investors. Cyprus Investment Programme and Permanent Residency ProgrammeToday, the island of Cyprus offers the simplest, fastest and most efficient programmes globally for obtaining Cyprus Citizenship and Permanent Residency through property investment.  Cyprus Citizenship:Examined within 8 months Minimum property investment of € 2 million (plus vat)Government donation €150,000 (as of 15 May 2019)Covers the whole family including dependents and investor’s parentsVisa-free travel to 158 countriesThe freedom to live, work and travel within the European UnionValid for lifeCyprus Permanent Residency:Issued within 2 monthsMinimum property investment of € 300,000 (plus vat)Covers the whole family including dependents and parents of main applicant and spouseEasy access within the EUValid for lifePlease book a private appointment with us to find out more about real estate investment in Cyprus and the Cyprus Investment Program for Citizenship and Permanent Residency. Cambodia Real Estate Show, 4th – 5th October 2019 At Nagaworld Hotel, Phnom Penh, Cambodia Booth No. 48Email: mily.bonanza@aristodeveloeprs.comMobile: +855 (0) 98 67 67 82Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Reminder: It is free to enter the Realestate.com.kh EXPO 2019 at NagaWorld. Register now for express entry.

(Borey homes are shown in Phnom Penh’s Sen Sok district. Supplied)The Asian Development Bank (ADB) regards the continued buildup of credit in Cambodia real estate and related businesses as a risk that could disrupt the country’s economic growth.According to an ADB report from last Wednesday, the Cambodian economy remains on track and is expected to expand seven percent this year due to continued strength from traditional sectors such as garments, tourism, trade and construction.However, ADB warned that growth could be disrupted if the European Union moves ahead with the suspension of the Everything But Arms (EBA) scheme which gives Cambodian goods duty-free access to the economic bloc. ADB also cited the buildup of credit in the real estate sector as a concerning factor.“With increased uncertainty in the global trading environment and its impact on services such as tourism, Cambodia urgently needs a focused diversification strategy into niche and high-value products and services,” said ADB Country Director for Cambodia Sunniya Durrani-Jamal.“This will require reducing risks emanating from lending to an overheated real estate sector, development of more skilled and productive workforce to justify rising wages, and attracting high-quality capital investment—all of which, in turn, need strong governance and institutions.”Despite raising concerns over credit to the real estate sector, ADB did not cite any specific data related to the matter.According to Credit Bureau Cambodia (CBC), outstanding mortgages hit $3.42 billion at the end of June, an increase of 30 percent from the same time last year. This sum, however, does not include developer-backed mortgages that are widespread in the Kingdom.Sector will ‘reach a peak’ADB isn’t the only body that has expressed concern. The National Bank of Cambodia (NBC) and the World Bank in Cambodia have noted the risks of credit surging beyond real demand.The NBC issued a statement earlier this year stating that credit growth in the construction and real estate sectors was still high at around 31 percent.Talking to journalists at a seminar earlier this year, World Bank senior economist Ly Sodet said that construction and real estate has always seen growth and contraction cycles.“When it reaches a peak, it will fall. Nobody knows exactly when this will be, and for now, real estate and construction prices are also growing, making more bank loans available. This increases risk, so protecting the health of the financial sector is vital to prevent economic problems,” he said.According to VTrust Appraisal’s research director, Hoem Seiha, growth in the property sector has been happening hand-in-hand with strides in the financial sector.“Flexibility of housing payment options has stimulated the housing market over the past few years,” he said.Nuon Rithy, chairman and CEO of Khmer Appraisal Foundation (KFA), said that the financial and real estate sectors in Cambodia are growing rapidly in parallel.He added that more people are entering adulthood and want to live more independently than their parents. The financial sector is helping them to fulfil these dreams.“Before people had lower incomes, and the biggest concern was having enough food to eat. Now people have higher incomes and they want to upgrade to a more comfortable lifestyle.”Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Reminder: It is free to enter the Realestate.com.kh EXPO 2019 at NagaWorld. Register now for express entry.Article by:

(Officials speak at a real estate seminar in Phnom Penh last week. Supplied)When Ly Vuthy, a Phnom Penh IT professional, wanted to buy a house two years ago, his parents discouraged it. Anything he could afford would be far from the city centre, they said.Vuthy relented, believing that prices would soon rise far above his budget. He spent $55,000 on a new home located along National Road 6, around 16 kilometres from the Chroy Changvar Bridge.“It is a bit far, but I cannot buy a house [in the middle of the city] with that amount of money,” he said.“Whenever we have the ability to own a house, we better do it immediately even if it is a bit far. If we wait, we will need to go farther or spend more.”Two years on, Vuthy’s insights are coming true. Home values around his property are on the rise, and more borey developers are pushing farther from the city centre. Speaking at a seminar last week titled Current and Future Situation of Real Estate in Cambodia, VTrust Appraisal’s Research Director Hoem Seiha said that landed housing projects are moving into the outskirts of Phnom Penh.Seiha, who authored the company’s Phnom Penh 2030 report, added that the new projects are currently being developed as far as 25 kilometres from the capital’s central business district (CBD). He predicts that developments will be as far as 35 kilometres from the CBD by 2030.“Increasing prices and limited availability of land in the inner areas and suburbs are pushing new borey project to be developed farther out,” he said.“In the future, only condominiums will be available in the inner-city area, as they don’t need as much land to be developed.”Several borey projects are being developed in the outer areas of the city. Borey the Flora sits about 17 kilometres from Wat Phnom. Borey Piphup Thmey, meanwhile, is constructing several projects, all of which are 10 kilometres or more from the CBD.Chrek Soknim, president of the Cambodian Valuers and Estate Agents Association, said that he expects the average Phnom Penh household size of around four or five to drop in the coming years.“In the future, the average [household size] will be only one or two people,” he said.“The younger generation doesn’t want to live in a crowded space and they will shift from traditional houses to condos,” he said.According to VTrust’s Phnom Penh 2030 report, Phnom Penh will see a steady rise in the supply of condo units over the next 10 years, eventually reaching 295,000 by the end of the decade. This represents a fivefold increase over 2018 when there were just over 61,000 condos in the capital.The same report predicts that landed homes will increase threefold over the next 10 years from around 150,000 at the end of 2018 to about 450,000 by 2030.Reflecting on his decision to buy a home that, two years ago, seemed far from the centre, Vuthy was glad he bought the property when he did.“The future of new houses will be farther [from the city] and if we hesitate to buy, we will only have to go farther or buying a smaller condo.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Reminder: It is free to enter the Realestate.com.kh EXPO 2019 at NagaWorld. Register now for express entry.Article by:

You’ve probably been hearing the buzz around town about the Realestate.com.kh Expo 2019. It’s set to take place at Phnom Penh’s NagaWorld complex on October 4 and 5. All the biggest names in real estate will be there with boreys, condos, land and more. One of the biggest names joining the show, however, is LukFook Jewellery.The Hong Kong company, which recently opened its Cambodia flagship store along Sihanouk Boulevard, is thrilled to be a part of what will be one of the most high-profile events this year.Attendees will be able to learn more about the company on the day of the event. What’s more, anyone who buys property at the event will be eligible for a prize, supplied by LukFook Jewellery. So, if you’re planning on buying property this year, you should do it at the expo!What is LukFook Jewellery?Established in 1991 and listed on the Stock Exchange of Hong Kong in 1997, LukFook Group has experience in every facet of the jewellery business. The group entered mainland China in 1994 and now operates almost 2,000 different retail outlets there.The group strictly controls quality, from raw material procurement, production to after-sales service. In 1996, it established a wholly-owned subsidiary, Zhonghua Jewelry Appraisal Center, which provides diamond identification, rating, jade and coloured gemstone identification and jewellery quality assessment.Following the trajectory of the Belt Road Initiative, LukFook has begun expanding its operations in Southeast Asia. Following the opening of two branches in Malaysia in 2017, the company opened its flagship store in Cambodia in 2018, hoping to bring quality jewellery and professional intimate services to the local market.“In keeping with the corporate vision of the Group [we] have been looking for newbusiness opportunities and expanding the territory in the international market,” said Huang Weichang, chairman and CEO of LukFook Group.The flagship store in Phnom Penh covers an area of ​​over 5,600 square and can be found at #41 Sihanouk Blvd.LukFook Jewellery prizes at Realestate.com.kh Expo 2019LukFook Jewellery wants to help make the Realestate.com.kh Expo 2019 one of the most memorable events Cambodia has ever seen. That’s why they will be offering up nearly 30 prizes to buyers at the show.If you are one of the first 12 property buyers of the day on either Friday or Saturday, you will INSTANTLY win a piece of LukFook jewellery worth up to $200. (Buyers must present proof of purchase)These instant prizes range from 18K gold chains, rings and pendants to earrings and bracelets.Don’t forget the two grand prizes! All property buyers are eligible to enter into the drawing for the grand prizes:Doxa Men's Watch worth $2,830Piaget Women's Diamond Watch worth $1,850If you’re going to buy property, do it at the Realestate.com.kh Expo 2019Is 2019 the year you’re going to buy your dream home, borey or condo? Don’t waste your time driving all around the country, waiting for hours for long appointments. Come to the Realestate.com.kh Expo 2019. All the country’s best project will be in one room!Even better, the borey developers, condo projects and builders will all be offering their best deals of the year. Don’t pay full price for your property.Attend the Realestate.com.kh Expo 2019 for free on October 4 and 5 at NagaWorld.

Cambodian real estate insiders are raising concerns about whether new property taxes will soon be imposed. Many fear that any added fees could hamper growth in the sector.The topic was raised earlier this month when the International Monetary Fund (IMF) released a report suggesting that Cambodia should increase its property tax revenue in order to fund infrastructure spending.According to the 26-page document, property tax revenue in the Kingdom accounts for just 0.1 percent of the country’s GDP. The report states that this is very low, even among Asean countries, and that pushing property tax revenue to 0.6 percent of GDP would help the economy grow by 2.7 percent.Ngeth Chou, an independent financial and real estate advisor, said that the Cambodian real estate sector is at a crossroads due to several factors. He cited rising prices and the impending loss of the Everything But Arms (EBA) trade deal from Europe as complicating factors in the decision-making process.“Property owners don’t only pay taxes based on the base price of the property. In most cases, the owners pay extra fees to officials to make sure process is fast enough,” he said, adding that any additional costs will fall directly on property owners.“There should be proper study and consideration after the EBA deal comes to an end, to see whether there is a significant impact on the economy.”Chou added that the government recently revised property base prices for tax calculations and the 4 percent stamp duty is already high. Thus, he said, it’s not an appropriate time to raise property taxes.Cambodia taxes skewed toward import and VATPublished on September 6, the IMF’s paper, titled Advancing Inclusive Growth in Cambodia, analyses how increasing either property tax, VAT, or income tax can secure the funding for the infrastructure spending budget.According to the report, enhanced infrastructure could help raise incomes, especially in rural areas, by improving market access and mobility.“Financing these investments through progressive income taxation, such as property taxation, can help reduce inequality further,” the report said.Cambodia’s revenue mobilisation has improved markedly in recent years. In 2007, tax revenue amounted to less than 10 percent of GDP, while in 2017 it had increased to around 17 percent.This is among the highest levels in Asean. However, Cambodia’s revenue sources are skewed towards value-added tax (VAT) and import taxes. Out of total tax revenue (16.9 percent of GDP), 61 percent of total tax revenue is generated by the VAT.Tax rate unchanged since 2012Po Eav Kong, managing director of Asia Real Estate Cambodia Company, said that it’s not a good idea to raise property taxes right now.He explained that there are currently two main types of property taxes in the Kingdom, those that cover property ownership and those that cover property transfers.In June of this year, the taxation department increased the transfer tax rate, but the property tax rate has remained the same since 2012.As it stands, properties that are valued at under US$25,000 are exempt from the property tax. Transfer taxes, on the other hand, are applicable to all properties.“If the government wants to increase property taxes, they could increase the [base] property price to align with market prices, or they could increase the threshold from $25,000 to $50,000,” he said.Dith Channa, CEO of Lucky Realty Co Ltd, said that if the government decides to follow the IMF’s advice it will get more revenue, but the people could face negative impacts.“Government will need time to discuss ... I think [a property tax increase] is good for the government, but for the people, it will impact them.”Want to find out more about the tax system in Cambodia, please check out our Investment Guide 2019 Article by

Real estate agencies are amongst the exhibitors to showcase their products and services at Cambodia’s biggest upcoming 2019 property, organised by Cambodia’s top real estate website, Realestate.com.kh.With over $100 million worth of properties sold at past events, more than 50 big real estate developers have signed up to exhibit their property development projects at this upcoming expo set to take place at NagaWorld on October 4 and 5.Many of these projects are mainly located in the fast-growing economies cities of Sihanoukville and Phnom Penh.Landing safe investments are essentialTo secure their investments, these giant companies often work with agencies that can guide and help them to understand the real estate market in Cambodia as well as rules of law and business practicesThat’s why a well-informed real estate with extensive knowledge and expertise on these areas such as FDD Real Estate feels the need to present at this event, to demonstrate to its potential clients on how it can help these companies to avoid all the possible risks and make them feel safe to invest in Cambodia.Cambodia’s most trusted agencyCambodia FDD Real Estate Co., Ltd is a professional real estate agency. It has been established in 2018 with an aim to become the largest and most-preferred real estate agency to facilitate any investors who are looking to invest in the property sector in Cambodia.On top of that, Cambodia FDD Real Estate also specialises in new residences, housing resales and rentals, shophouses and office sales or rentals, land sales and real estate assessments.It also can help you to understand every perspective of real estate development in Cambodia to help you make a clear and risk-free decision that can generate good profits on your investments.Why is FDD Real Estate unique?FDD Real Estate is currently cooperating with Cambodia’s most popular real estate website, Realestates.com.kh and Tnaot app, a locally developed platform dedicated to data information in Cambodia. Therefore, it can effectively disseminate information and communicate better with sellers and buyers.The committed team at FDD Real Estate is always ready to facilitate and help you.Registration to the event is free. What else are you waiting for? Register now and come to meet the team to hear more about Cambodia FDD Real Estate Co., Ltd.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019

The biggest real estate event of the year is less than a month away. On October 4 and 5 the Realestate.com.kh Expo 2019 will be hitting NagaWorld in Phnom Penh. This is the latest in a long line of successful event from Realestate.com.kh, and this one is sure to generate millions in property sales. All of Cambodia’s biggest names in real estate will be there as exhibitors and participants. However, in addition to the expo floor, there will also be a full schedule of seminars where attendees can hear from experts in the industry.Seminars will take place in Khmer, English and Chinese. In fact, there will be translators and headsets so that no matter what language you speak you’ll be able to listen and learn.Realestate.com.kh is dedicated to bringing its visitors the best quality content about property in Cambodia. These seminars are no different. Attending the expo is completely free and so are the seminars. Sign up for free express entry right now, and read on to learn about the seminars that will be going on at the event.Who will be speaking at the Realestate.com.kh 2019?Realestate.com.kh always strives to create the best, most educational experience with its seminars. Here are the experts who will be speaking at NagaWorld on October 4, the first day of the event:Oknha Sear Rithy, Chairman of World Bridge GroupOknha Cheng Kheng, Chairman and CEO of CPL CambodiaSorn Seap, Founder and Director of Key Real EstateDr. Kim Heang, Regional Operating Principal at Keller Williams CambodiaMarc Townsend, Chairman of CBRE CambodiaMatthew Rendall, Senior Partner at SokSiphana & AssociatesCatherine Chan, Executive Director of Urban VillageDan Davies, Director of CBRE CambodiaThe day is sure to be full of riveting discussions about tons of different topics. Catherine Chan, for example, will be speaking about the differing demands of foreign and local condo buyers. “Foreigners put more emphasis on the living environment, but practical conditions and price range are the top factors for local buyers,” Chan said. To be sure, there will be valuable information for every perspective within the Cambodia real estate market.As if that weren’t enough, we have another action-packed schedule set for October 5. Speakers for the second day of the event include:Mr. Li Min, CEO of Prince Real EstateDr. Raymond Choi, Chairman of Prestige Homes CambodiaMr. Edward Lin, CEO of Yi Fung Real Estate ServicesMr. Haijun Zeng, Partner at Tings & AssociatesMr. Tasos Stavrou, Group Sales Operations Manager, China and Asia GMMs. Vann Sokun Nymol, Business Development Manager of Harvey Law GroupThe Realestate.com.kh Expo 2019 is a must-go for property investorsIn addition to having a full lineup of expert speakers, there will be tons of industry insiders exhibiting at the event who will be happy to chat with attendees. Over 50 companies will have booths at the show.What’s more, you will find some of the best property discounts of the year at the event. If you are planning to put money down on real estate this year, the expo is the only time.This year’s event is set to be sponsored by international logistics giant ZTO Express, Ezecom Cambodia and Lumiere Residence. All the biggest names in boreys, condos, land, law, agencies, construction, architecture and home decor will be on hand. It will be the most important real estate event the country has ever seen.Also joining the event are ARU ME Metal, Prince real estate group, Prince Huan Yu, Prince Jin Jia, Victory Bay, La vista One, Urban Village, Bel Air, Creed (Zelkova), Aristo Developers, SH Condo, M Residence, Chief Bank, North Park, Condominium, The Penthouse, Beyond Design, HLG (Harvey Cambodia Co., Ltd.), Pafillia Property Developers, Leptos Estate, MAA Architecture & Design, Oxley Emerald, Orkide Villa, Le Bassac, E-Power, Yi Fung Realestate. Huateng (Cambodia) Investment Co.,Ltd., New landmark, Unicom Scienceplastic, C-Herald Propery Service, Huaye  , HYO, Morgan, R&F, KH Land, International Top Agent ( ITA), Toul Kork Lane , Baoli Mansion, The Bund, CBRE, WanHao, Wealth Mansion, FDD Real Estate, Century 21 Cambodia, Zenearth. Go to the expo’s website to find out more information and sign up for free express entryWant to find out more about housing types in Cambodia? Read our Investment Guide 2019.Reminder: It is free to enter the Realestate.com.kh EXPO 2019 at NagaWorld. Register now for express entry.

A recent government decision to stop issuing new online gambling licences in Cambodia has many speculating that inflow of both capital and visitors from China will take a hit in the coming months. Real estate insiders, however, say that the move only serves to improve the quality of investments coming into the Kingdom.Many in the sector have pointed to the gaming industry in Cambodia as one of the main reasons that both investors and tourists from China have been coming to the country in increasing numbers over the past few years. Indeed, Sihanoukville in the south and Poipet, on the border with Thailand, seem to be the focal points of this growth. Both cities have a well-established casino industry.Everything was business as usual until the middle of last month. That’s when Prime Minister Hun Sen issued a directive that halted the issuance of new internet gambling permits. The move, which was trumpeted as a bid to eliminate online extortion associated with online gambling venues, also means that existed licences will not be renewed.Local sources are reporting that many gaming venues have already shut their doors for good and thousands of Chinese expats have left Sihanoukville.Just a week after the August 18 decision, the Ministry of the Interior deported 150 Chinese nationals in relation to an online gambling scam operating out of Sihanoukville and Bavet.According to Chinese state media agency Xinhua, the scheme had netted around US$14 million.Falling Sihanoukville demandInsiders in Sihanoukville have said that room rates at hotels and guesthouses in the area have declined since last month. Nuon Rithy, chairman and CEO of the Khmer Appraisal Foundation, said that Chinese expats leaving Sihanoukville are workers or visiting gamblers, not investors. This, in turn, has caused a drop in the demand for accommodation, food and other services. Rithy claimed that other areas of investment in the country, such as real estate, construction, tourism and textiles are stronger than ever. “The decision to stop the issuance of gambling license is a good strategy to filter good investors ... which will bring benefit to Cambodia’s economy in the long run,” he said. “I strongly believe that the decision will provide long-term benefits and Sihanoukville province will become the best destination for tourism and trade in the near future.”Sihanoukville, Bavet, and Poipet are the main centres of Cambodia’s online gambling industry. These three areas are reportedly all witnessing an exodus of Chinese expats.  Despite the fact that gambling is illegal for Cambodian citizens, the Kingdom has become somewhat of a gaming hub in Southeast Asia, due to the fact that foreigners are allowed to lay bets. Kim Heang, CEO of Khmer Real Estate Co Ltd, claimed that the ban on online gambling businesses in Cambodia will affect land prices in Sihanoukville, Poipet, and Bavet.However, he added that it is just a short-term effect, and long-term gains will continue.Plots in Sihanoukville which were being sold for just $200 per square metre three years ago have routinely been selling for around $3,000 per square metre.“Over the long term, this decision will provide big advantages for Cambodia’s macro-economy and renew the current operating licenses for one more year would be the best solution for all." Heang said.If you want to know more about gambling in the Kingdom, be sure to read our guide to casinos in Cambodia.  Article by:

SingMeng is proud to announce the launch of our new website, which coincides with our expanding role as a national leader in telecom and media services.Our new website provides a clear message of who we are, what we stand for and where our value lies when developing, delivering and maintaining new telecom and media solutions.The website also boasts a clean design and intuitive and consistent site-wide navigation system with improved menu functionality that directs you to the information most relevant to you. It is also fully responsive with mobile devices, making it easy to navigate on a wide range of web browsers and portable devices.We also plan to continue adding more video content and product information to provide you with all of the information you need to evaluate our products and services.We are proud of the new website and feel it will create the experience you are looking for when you want to get the fastest Internet solution and the largest entertainment platform in Cambodia.Check out the new Sing Meng Telemedia website.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019

With its population reaching over 16 million and steadily growing, Cambodia is witnessing a rapid increase in people’s migration to bigger cities to look for work.The country’s capital city Phnom Penh, for example, now has a population of more than 2 million residents and is growing faster than the city’s resources allow for, including housing.Having seen this growing housing demand, many local and international developers took the opportunity to develop numerous housing projects ranging from condominiums, villas, and boreys, often in the suburbs as the city expands.Boreys, sometimes referred to as gated communities, have been growing in popularity for the past years amongst developers and are favored by home buyers given their practicality and affordable price.A recent report from VTrust Appraisal predicts that the number of boreys or landed houses in Phnom Penh will reach nearly half a million by 2030.Keo Rady, Marketing Manager at LeJu Development Cambodia, told Realestate.com.kh that the company is striving to be a leading real estate developer for Phnom Penh’s growing housing markets. To reach that goal, the company has developed “an affordable yet high quality” housing project called Borey LJ, he added.Mr. Rady stressed, what is so special about Borey LJ is its location which is in Por Senchey, one of Phnom Penh’s fastest-growing districts, surrounded by local and international schools, big shopping centres, hospitals, and many other facilities, and only a 10-minute drive from Phnom Penh International Airport.“Houses in Borey LJ are well-designed with 30-meter-wide streets. The construction of this project is well-managed and “closely monitored” by a British engineer with years of experience in construction, he added. “The project was granted with all the legal permission documents and the company will provide hard titles to its buyers.” Houses in Borey LJ start with a total floor area of 94 to 173 square meters with land size from 68 to 189 square meters, and an affordable starting price of $64,400. Borey LJ is a good product for new families who want to own their first homes, he added.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.

The number of landed houses in Phnom Penh will reach nearly half a million by 2030, according to a recent report from VTrust Appraisal.The document, titled Phnom Penh 2030, showed that landed homes will increase threefold over the next 13 years. The valuation company claims the total currently stands at 150,000 but will hit 450,000 by 2030. VTrust’s report anticipates an average of 25,000 new landed units to hit the market each year and an overall growth rate of 9 percent in the housing supply.VTrust Appraisal’s research director, Hoem Seiha, who authored the report said that Phnom Penh has witnessed a 4 percent population growth year on year as more people seek opportunities in the city.“Rapid growth of population in the city and an increasing influx of new incoming migrants who come from different parts of the country to settle down in the city will drive more demand for houses in Phnom Penh,” Seiha said.“The flexible mortgage schemes for housing sector has come to boost the affordability of city population and thus will continue to drive the housing forward.” Dangkor, Chroy Changvar expected to grow Currently, there are seven districts in the capital with active landed housing developments. These include Por Sen Chey, Dangkor, Chroy Changvar, Russey Keo, Sen Sok, Chbar Ampov and Meachey districts.Of these districts, Por Sen Chey currently has the largest supply with nearly 50,000 landed homes. Sen Sok and Dangkor districts each have just over 20,000. However, VTrust’s report predicts massive growth in Dangkor district. The forecast claims there will be almost 100,000 homes there by 2030.It should be noted that the numbers in the report include landed houses only if they are part of a community with 20 or more units. Boreys fall squarely into this category.Concerns over affordable housingNget Chou, a local financial and real estate adviser, said that the growing demand for property ownership has pushed up property values over the past few years. Chou claimed that land prices were currently growing by between 10 and 100 percent per year, depending on location.However, he said there are worries in the affordable segment of the market.“Cambodia may face the housing crisis in the future especially among many low-income people,” he said. “The current affordable housing supply in Cambodia does not meet the living standards of a worker, as a house costs at least $25,000. This crisis has already happened in Hong Kong, so Cambodia should learn and prepare.”In terms of land price alone, Chou said that rates in Cambodia are still low compared to the rest of the region.According to Chou, the average value of urban land in Cambodia is around $2,900 per square metre. In Thailand, meanwhile, it sits at $3,900, $11,800 in China, $13,700 in Singapore, and $28,500 in Hong Kong.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Article by:

For the last couple of years, the coastal town of Cambodia’s Sihanoukville, once a sleepy town, has experienced major developments at a very fast pace, especially in the real estate sector. As the city expands, the demands for urban lifestyles and luxurious housings increased. Having seen the potential and rapid increase of modern housing demands in Sihanoukville, Leshenwe (Cambodia) Real Estate Development Co., Ltd, a joint venture of two real estate development companies from Cambodia and China, have joined together to participate in the fast-growing real estate market of Sihanoukville to jointly develop a project called “Leshen The Lord Garden", a uniquely designed residential project of boreys and low-rise apartments. Leshen The Lord Garden is located along National Road 4, surrounded by markets, schools, hospitals, public infrastructure, recreation facilities, and much more. The project is sitting on over three hectares of land. It consists of 315 multi-type borey homes. There are three types of boreys at Leshen The Lord Garden, ranging from two to 3.5 stories. These homes are 4.2 to 4.5 metres wide and 14 to 17.9 metres long, all with their own distinctive designs and characters.  The borey section of Leshen the Lord Garden has a floor area of approximately 56,000 sqm and covers a site area of more than 37,000 sqm. The design aims to give the example of low density and high comfort residence. Its units start from $880-$1000 per sqm, or a minimum total of $110,000.Units at Leshen The Lord GardenEach unit at Leshen The Lord Garden project is well-thought, to make sure that the high quality of construction is reached and the relaxing experience of buyers is guaranteed, with high quality decorations, stylish kitchens and modern appliances equipped bathrooms. A great addition to this project’s design is that the ground floor of every borey house can be used for commercial or retail which provides easy access to the residents, leveraging the experience of living in the Leshen The Lord Garden to a greater level. The project is set to be completed by the end of 2020.High standards guaranteed at Leshen The Lord Garden Leshenwe (Cambodia) Real Estate Development Co., Ltd, is committed to providing its customers the best out of their hard earned money that means it is strived to provide them with the highest quality of their loving homes. The comfort and memorable experiences of its customers are the main considerations of its projects, to assure that, the company hired the best design company with many years of experience designing big projects to design Leshen The Lord Garden.  Also to make sure the high quality standards of construction are met, the Leshen The Lord Garden project has been closely monitored by experts from the Cambodian government at every step of the construction. Leshen The Lord Garden’s project B set for openingWith huge success and great supports of Leshen The Lord Garden’s project A, Leshenwe (Cambodia) Real Estate Development Co., Ltd, has announced last week that units in its Leshen The Lord Garden’s project B are up for grabs. The sale of the Leshen The Lord Garden’s project B was officially opened on August 25. The grand opening of project B was attended by representatives from both partnered companies, government officials and potential buyers.  As of now, with unique, sleek designs, high standards of construction with good quality materials, the company has sold more than 85 percent of its luxurious residential homes in the  Leshen The Lord Garden’s project A, according to Mr. Chuan Li, the company’s marketing manager. He added that the construction of project A has completed about 70 percent. The company predicts the same result for its project B, given the great support it received in the first project due to the reputation the company has built and the commitments it has to provide its buyers the most loving and comfortable future homes where the families can cherish every moment together. To learn more about the main types of housing in Cambodia, refer to our Cambodia expat guide.

SingMeng TV is one of the best HD TV providers in Cambodia. Today, fiber internet technology is becoming more powerful than ever. SingMeng TV is the first TV solution working directly with a fiber internet connection. This new TV generation will provide you the latest technology, experience and convenience on the market. What makes SingMeng different from other TV providers? A real HD TV viewing experience, anytime and anywhere with your fiber connection.More than 120+ live TV channels and hundreds of movies and dramas on demand for your home with the best of both Khmer and international entertainment. Time Shift Program system that allows you to watch past programs for up to seven days! Direct access to YouTube, YouKu & iQIY Apps from your TV. Multilingual intuitive and interactive interface. How does it work? SingMeng TV works with any fiber internet provider in Cambodia. You just need to connect your fiber internet cable to our set top box and our team will provide you full support for the installation. *SingMeng TV solution without set top box is available for premium hotel and condo buildings. How much is SingMeng TV? SingMeng TV is available for $8.80 per month (VAT included).  You will get full access to our Video on Demand, streaming and our multiple functions as well as more than 80 channels. Additional packages are also available, like Premium Chinese, HD or sport channels.For more details: http://smtelemedia.com/About SingMeng Telemedia: SingMeng Telemedia is a Triple Play and High Quality Broadband Service provider in Cambodia.They provide Fiber High Speed Internet solutions (Home, Business and Corporate), Multi-media solutions (OTT TV, Smart community, Mobile TV App) and Voice solution (VoIP) as well as a large range of high quality broadband connectivity’s solutions for business and corporate.Customer Service: 096 6661 888/089 966 888SingMeng Website: https://smtelemedia.com/SingMeng Facebook: https://www.facebook.com/singmengcambodia/#SingMeng #SingMengTV #FiberInternet

Cambodia’s most popular real estate website has announced yet another property expo at Phnom Penh’s NagaWorld complexThe Realestate.com.kh Expo 2019, set for October 4 and 5 at the NagaWorld Resort, is the fifth major expo put on in the Kingdom by Realestate.com.kh. Over $100 million in property has been sold at past events, with around $30 million changing hands at last year’s event alone.This year’s event is set to be sponsored by international logistics giant ZTO Express.All the biggest names in boreys, condos, land, law, agencies, construction, architecture and home decor will be on hand. It will be the most important real estate event the country has ever seen.Also joining the event are Aru-Me Metal Co., Ltd., Baoli Mansion, Bel Air, C-Herald Property Service, CPZY Development, Creed (Zelkova), HuaYe Real Estate Investment Limited, HYO International, KH Land, La Vista One, MAA Architecture & Design, Morgan EnMaison, Morgan The Pure Bay, Morgan Tower, New Landmark, Pafillia Property Developers, Prince Huan Yu Real Estate (Cambodia) Group, Prince JinJia Real Estate (Cambodia) Group, Prince Real Estate (Cambodia) Group, R&F, TCC, Toul Kork Lane, Unicom SciencePlastic (Cambodia) Co., Ltd, Urban Village, Victory Bay and Yi Fung Real Estate.Benefits of joining Realestate.com.kh Expo 2019The Realestate.com.kh Expo will bring in thousands of local and international property buyers. Most importantly, these people will be ready to buy now. In addition to this amazing pool of buyers, exhibitors can also expect to rack up hundreds of sales leads that will continue to pay off as the year unfolds. Branding is another key reason businesses are joining the show. Exhibitors will become known as leaders in the local property market. Indeed, the show will bring the chance to network with all the biggest names in every corner of the sector. Media outlets sign on to promote the eventMarketing the huge event has already to pick up speed. Realestate.com.kh has signed up the biggest names to help spread the word about the once-in-a-lifetime show.Chinese heavyweights 58.com and Fang.com are set to attract thousands of international investors to the show. Meanwhile, local media partners will pull in hundreds of expats and Cambodians in the country who are shopping for real estate. Names include Property Area Asia, Fresh News Asia, EuroCham, Biz Khmer, Thmey Thmey, Business Cambodia, The Cambodia China Times, Forward Asia, Khmer Times, Nice TV, Gold Zone Media, Grep Tech, B2B Cambodia, Angkor Today, CTN, Khmer Load and My TV.But space is limited at this spectacular event. If you or your company is interested in sponsorship, booth space or advertising with the event, contact Realestate.com.kh now!Nin Kang (Chinese/Khmer)nin.kang@realestate.com.kh+855 78 637 323 / +855 93 552 305 Tyler Stuart (English)tyler.stuart@realestate.com.kh+855 12/81 599 669 Or, for more details visit the Realestate.com.kh Expo 2019 homepage!

Mortgage loans in Cambodia continue to surge this year, according to Credit Bureau Cambodia (CBC). The credit body’s consumer report showed that outstanding mortgages hit $3.42 billion at the end of June.CBC’s data showed that loans have increased by 30 percent from the same time last year. Mortgage loans make up over 47 percent of the total consumer credit in the country, which hit $7.16 billion at the end of June.Mortgage customers are also growing, albeit at a somewhat slower pace. CBC’s document noted that there were 131,376 mortgages at the end of June. This represents an increase of 19 percent over June of 2018.So Phonnary, executive vice president at Acleda Bank, said that the 30 percent growth of mortgages is positive for the industry. She claimed that opportunities for homeownership are expanding as incomes rise and the economy develops. “We are seeing more growth in the mortgage industry. But, at the same time, we are always careful about development and we mitigate risks by balancing loans across many sectors.”According to Phonnary, Acleda’s housing loans, home improvement loans, and real estate loans together hit $273 million at the end of June. This sum was held by 7,913 customers at that time.While loan terms differ from one bank to another, she said that annual interest rates have, on the whole, fallen. Phonnary attributed this to greater competition in the marketplace.Cambodia upgrading to more comfortable lifestyleNuon Rithy, chairman and CEO of Khmer Appraisal Foundation (KFA), said that there has been good cooperation between the financial and real estate sectors in Cambodia. The two industries, he said are growing rapidly in parallel.Rithy reflected on the changing demographics of the country, adding that more people are entering adulthood and wanting to live more independently than their parents did. “Before, when people had lower incomes, the biggest concern was having enough food to eat … Now people have higher incomes and they want to upgrade to a more comfortable lifestyle.”Even those who could already afford to own a home are now upgrading to larger homes, or homes in better locations, he said.Officials concerned over high-interest mortgagesOne caveat to the CBC’s report, however, is that it only accounts for mortgages taken through financial institutions. It is very common in the Kingdom to enter into a payment plan with the home’s developer. This is particularly popular for boreys, the landed homes that are usually built in large subdivisions. The popularity of developer-issued mortgages has exploded in the Kingdom over the last few years. Typically, these are 25-year contracts and rarely require down payments. Though these mortgages initially appear attractive to buyers, interest rates can often double or triple the sticker price of a home. Meanwhile, Cambodia’s banks usually require down payments of at least 30 percent and involve lengthy checks on credit history and repayment ability. Interest rates for these mortgages clock in at around seven to 12 percent.Late last month, an official from Cambodia’s central bank expressed worry over high-interest loans in the Kingdom, warning buyers to carefully consider a mortgages rate before signing.To learn more about Cambodia's changing demographics, read the demographics section of our Investment Guide 2019.Article by:

The FIRST B&R ENGINEERING BUSINESS MATCHING will be held on August 22, 2019, at the Cambodiana Hotel in Phnom Penh, hosted by the Engineering & Home Procurement  Association (Cambodia)Cambodiana HotelIt is going to bring together a large number of Chinese-funded enterprises, including HGB Group, Realestate.com.kh, 58cam.com, Fujian Construction Material & Furniture Commercial Association, Fujian Real Estate Commercial Association, Office of Fujian Custom Home Industry Association to ASEAN, Fujian Capital Confederation, Wangni Enterprise Group, Tuojie Equity Investment Fund Management Co., Ltd., Zizuan Investment Management Co., Ltd., Yaojie Asset Management Co., Ltd., Hongding Commercial Real Estate Co., Ltd., Jiujie Home Technology Co., Ltd., KVBC Global Trade Center and many more.Focusing on general aspects of real estate, 35 prestigious enterprises from mainland China, Hong Kong and Macao have been selected to present at the show. These companies cover more than 13 industries, such as ceramics, waterproof material, lighting fixtures, wallpaper and furbishment, glass and stone, classic furniture, intelligent device and architect. Meanwhile, experts from the Cambodian real estate sector will provide inside analysis of the local housing market, as well as their experiences of success in project operation.Many real estate developers have agreed to join the exposition. Many participants are involved in local projects worth at least $800 million, most of which expect to be completed or break ground next year.Every exhibitor at the expo will automatically become a member of the Engineering & Home Procurement Association (Cambodia) for free. The association will regularly invite developers to their group inspections and other activities, through which their members can cooperate with the organiser to promote information about project procurement to requesters.Espousing a mission to boost competitiveness among its members, the association will interact with the government, real estate associations, major chambers of commerce and industry organisations to achieve mutual benefits through various forms of cooperation such as resource integration, information sharing, coherent marketing campaigns among members.The FIRST B&R ENGINEERING BUSINESS MATCHING will be held for one day, and will consist of sessions including product presentations, business banquets, industry forums and other activities. Officials from relevant government departments will be invited to the opening ceremony of the event.The booths at the expo will be laid out by regions where the exhibitors come from rather than industry sections they belong to. Thus, the enterprises of same or relative category are reasonably dispersed in different groups. This professional arrangement can effectively guide buyers to every exhibitor for unimpeded information exchange before closing a deal.This exclusive event will bring high-standard hospitality at a reasonable cost. It is a good chance to reach high-profile leaders in the sector. A dinner party as the epilogue of the event will surely build a good rapport for further connections among participants! If you're interested in learning more about real estate in Cambodia, be sure to browse through our Investment Guide's overview of the Kingdom's real estate sector. Look for real estate for sale in Phnom Penh now!