On November 27, more than 100 media outlets in Cambodia and China turned the spotlight toward Dara Sakor of the Long Bay Resort Town on the west coast of the Kingdom. The move will see an upgraded tourism plan and has resulted in admiration from Chinese investors.China’s One Belt, One Road policy is being carried out within several of Cambodia’s special economic zones (SEZs). Meanwhile, Dara Sakor becomes the first section of the 360 square kilometre SEZ in Koh Kong, the culmination of a decade of progress and Chinese investment. After launching on the global stage and hosting a groundbreaking ceremony, Dara Sakor will set its sights on creating a world-famous tourist resort.Temi TownAlso touted by the team behind Dara Sakor was the sweeping Temi Town project of Koh Kong province. The massive undertaking, which is set to include everything from resorts to airports, was shown as a prime example of the group's dedication to the One Belt, One road plan.Union Group Urban Development Group Co., Ltd's chief marketing officer said that the project shows that relations and cooperation between Cambodia have never been stronger.One Belt, One Road brings global recognitionAt 5pm on November 27, the ground was officially broken for the Dara Sakor Long Bay Resort Town project. This is the first project of the Dara Sakor Special Economic Zone and is a direct result of both the China-Cambodia Economic Cooperation Model and the One Belt, One Road policy. It is also the highest-profile cultural tourism project in Cambodia.Seeing the value of the project, it has been looked on favourably by the Cambodian government and national leaders. Development plans for the Dara Sakor Tourism Resort Special Zone even stretch all the way back to 2008. After 10 years of infrastructure construction, the project is now being introduced to both global media and investors. Leaders from Cambodia, Zhengheng Development Company and partners from more than 100 Chinese and Cambodian media outlets were invited to the event.Holiday destination and industrial areaTriumphant music began at 5:30pm and the groundbreaking was underwar. The head of Zhengheng Development and other stakeholders delivered speeches and presented the blueprints for 360 square kilometres of Sea Empire and 200 hectares of world-class travel and holiday destinations to all the guests.Dara Sakor’s Long Bay is located at the core of the Dara Sakor Special Economic Zone. The project covers a total area of 200 hectares, surrounded by mountains and the sea. It hosts 1.9 kilometres of coastline, standing as a hub of tourism, and integrating financial capital, holiday resources, overseas resources, IP, services, smart cities, cultural travel and much more.It will create a new destination for world-class travel and vacation by creating smart industry parks, commercial style neighbourhoods, core areas of cultural travel, sea view apartments, villa resorts, yacht marina resorts, coastal leisure resorts and quiet sea bathing areas.Dara Sakor’s Long Bay started as a 55-hectare industrial park, which is an exclusive smart park. The development team, who has visited dozens of cities, deeply understood the industry rules, and analysed the main points of the industry, focusing on top security and support.As a starting point, Dara Sakor’s Long Bay plans to construct a 5A office building on the coast, a hardcover delivery condominium, a gourmet restaurant, a commercial block and a sports venue. Everything will feature triple security measures to ensure a relaxed, safe and long-term operation for all enterprises in the park. The project will be based on digitalisation and modern technology and will bring work to 80,000 industry and tourism personnel within five years.Investors already signing upOn-site guests reported high investment enthusiasm for the project. After the meeting, under the witness of the Cambodian national leaders, Zhengheng Development Company and many Chinese and Cambodian journalists, a grand signing ceremony for investors entering the park was held.Dara Sakor-Long Bay launch ceremony was a great success, marking a successful step of China's One Belt, One Road project in Cambodia. This is not only the development model of Zhengheng Development Company but also of the Chinese government.This exciting step will push global economic cooperation and tourism development in the country. Indeed worldwide attention is already growing rapidly.More information contact：carina.cai@realestate.com.kh  (+855) 012 426 538Find out more about new developments in Cambodia at Realestate.com.kh

New real estate developments have been shooting up across Siem Reap over the past few years. Indeed, the Kingdom’s main tourist draw has seen a spate of new hotels, boutique accommodations, guest houses and apartments. Earlier this year Mario Tan, sales and marketing director of Hunter Estate, claimed the number of tourist-centric structures has surpassed 1,000. That is double what existed in the city just two years ago, he added.It’s no surprise that the home of the Angkor Wat temple complex has seen such a massive demand for lodgings. According to Angkor Enterprise, the custodial organisation for the park, the number of visitors nearly hit 2.5 million in 2017.Phin Vanna, CEO of Camglobe Realtor in Siem Reap, noted that larger hotels—those with more than 100 rooms—have seen a massive influx of Asian tourists, especially Chinese nationals.“Boutiques, guesthouses and homestays have not grown as fast as large-scale hotels,” Vanna said, adding that the number of Western visitors to the area has gone down by about 50 percent. The number of Chinese tourists, he claimed, has doubled in recent years. He mentioned that most groups from China come as a part of packaged tours.Charles Evans, director of Siem Reap’s Cambodia Property Shop, said that the hospitality sector is still front and centre in the area, and there is still untapped potential.“I am working to help foreigners invest or rent hotel businesses in Siem Reap,” Evans added.“There are many hotels featuring many rooms across the city. Last year, 30 new boutique hotels were built nearby Damnak pagoda. This brought hundreds of new rooms to the market,” he stressed. Interestingly, Camglobe’s Vanna claimed that, prior to July’s national election, investor interest in hotels saw a noticeable spike. Now, however, renter and buyer demand has flattened out. “A 100 to 200 room hotel can be rented for between $50,000 to $100,000 per month, in accordance with its location and facility,” he added. Vanna, however, noted that majority [90 percent] of building owners prefer to sell the whole hotel rather than rent it out. “A hotel with 100 to 250 rooms can sell for between $20 to $60 million,” he revealed.  Cutthroat competitionOf course, more options in Temple Town means more competition. Commenting on this, Evans noted that some hotel owners who aren’t able to generate enough income are shifting their property over to long-term stays.Choch Cho, founder and CEO of Siem Reap Property Services, echoed the claims that competition was getting more fierce as new hotels emerge in the city.Cho explained that, although visitor numbers were on the rise, supply was still exceeding demand due to the number of new projects.Growing competition isn’t the only challenge the sector is facing, either. Phy Sophov, general manager of Ring Boutique Hotel, said that owners need to stay in tune with the preferences of travellers. If they simply stick with the same business model, he said, they will fail.Sophov added that, despite growing numbers, the market is in the midst of a cooling down period. Large-scale luxury hotels have the most room for growth, he claimed.“The market is still relatively strong and developers can profit as long as they bring something unique for their clients,” Sophov pointed out. Perhaps due to the falling number of Western visitors, many small boutique hotels have suffered or even closed over the past year. Sophov’s Ring Boutique Hotel, however, has capitalised on the growing trend toward eco-friendly accommodations. It offers 22 rooms on a 1,425 square metre plot.“We bring the unique feeling of living within the natural environment of Siem Reap,” Sophov claimed. He added that they weren’t seeing as many foreign visitors, but domestic tourist numbers at the hotel were up by 70%.Noting that keeping rooms affordable was pivotal to their business, Sophov said that rooms could be had for between $30 and $35 per night during low season.Camglobe’s Vanna noted that boutique hotels were popping up at nearly every price point, however. “Four-star hotels in the area are charging between $100 to $250 per night. Many boutique hotels are also in this market segment,” he said.If you're staying in Siem Reap long-term, be sure to read our latest guide to life in Siem Reap.You might also be interested in browsing our listings for investment property in Siem Reap or real estate for sale in Siem Reap!

Cheng Fung Investment (CFI) specialises in real estate, hospitality, and finance, providing advice on investment, management and marketing for clients as varied as hotels, restaurants, real estate developers, construction companies, banks, microfinance organisations and insurance companies.CFI's consulting services, based on professionalism and ethics, can help form strong business partnerships and boost investment in the country. They can also draw up clear and strategic business plans to provide outstanding one-stop professional services for all your needs. The company draws on close relationships with big corporations and the government.“Our team is highly experienced in a wide range of markets from real estate to finance, tourism, and business consulting,” Buth Kerady, CFI's CEO, said.“We understand fully how to identify the strengths, weaknesses, opportunities, and threats related to business competition or project planning in the Cambodian market. We have a clear, strategic business plan to provide outstanding professional services. Our commitment is to deliver quantity and quality projects,” she said, adding that the company is based on the core values of professionalism, relationships, integrity, connections, and ethics.“Our vision is to be the market leader and your ultimate partner with our outstanding level of services, together with professional expertise to achieve your business goals,” she said.“To achieve this, our mission is to develop long-term business relationships built on honesty and integrity with the flexibility to adapt to any business blueprint aimed at achieving success.”Kerady said CFI will provide all the expertise for investors to understand the Cambodian market. The company’s highly qualified experts aim to deliver satisfaction with operational insight into quality projects.“We are the best institution for you to ensure satisfaction because we consider personal interaction as the key to ensuring every client’s business is run according to their needs.” According to the Council for the Development of Cambodia (CDC), the government agency responsible for investment activities in Cambodia, committed investment from foreign countries grew from US$2.9 billion in 2012 to $3.6 billion in 2016. Chinese investors were the most instrumental in this growth.Last year, Chinese investments worth $5.3 billion made China the number one investor in Cambodia. Chinese investors are investing in almost all fields, from energy to infrastructure, tourism, real estate, finance and human capital. Chinese investors entered Cambodia in different forms, including groups of businesses, corporations, branches, joint-investment projects, and other projects.“With the increase of foreign direct investments into the Kingdom year on year, particularly from China, it requires to have a professional consulting firm provide the best advisory services to investors on their business activities and investments,” the CFI CEO added.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info…Looking for real estate for rent in Cambodia or real estate for sale in Cambodia?

The R&F Phnom Penh City sales centre was inaugurated and R&F Glory was introduced at a ceremony held in Phnom Penh on November 18.R&F Glory, another high-quality residential project, was introduced by R&F Group, following their last project R&F Phnom Penh City. The pattern represents a new trend in urban residences, showcasing fresh ideas and adherence to high standards. The new complex will extend the vision of creating a flourishing and multicultural community. It will truly be another masterpiece of the capital’s skyline.Phnom Penh R&F Group city sales centre opening and R&F Group Glory introduction ceremonyAt 9:30am the echoes of the solemn Chinese and Cambodian national anthems rang out. This represented Phnom Penh ushering in a remarkable event. The splendour of the Phnom Penh City sales centre was opening to the public and R&F Glory was being introduced with an official ceremony.Accompanied by a traditional Cambodian blessing dance and the majestic Chinese lion dance, the ceremony was a sight to behold. Many distinguished guests came to the podium to touch the lion’s eyes for good luck. They all wished for a lasting link between R&F Group and the Cambodian people, in order to forge a prosperous future. Local superstar Aok Sokunkanha serenaded the crowd, perfectly fulfilling her role as the spokesperson for R&F Group.Subsequently, Mr Wang Zhihao, vice chairman of R&F Group Cambodia, delivered a speech and expressed his warmest welcome and heartfelt thanks to the guests, including the media and fans. He added that R&F Group is actively building on the Chinese government’s One Belt One Road initiative, noting that the group has the honourable opportunity to contribute their efforts to Phnom Penh’s construction industry.On behalf of R&F Group, Mr Wang Zhihao sincerely thanked the Cambodian government for their full support. He said the government’s guidance will help R&F Cambodia develop and succeed further. He closed by thanking all partners and associates that had helped the group move forward.Speech by Mr Wang Zhihao, vice chairman of R&F Group group CambodiaPhay Bunchheun, the vice minister at Cambodia’s Ministry of Environment, was specially invited to deliver a speech at the grand ceremony. He said that China and Cambodia have enjoyed a profound friendship since ancient times. China and Cambodia are now in a period of rapid development and the bond is growing. Either in economic development or urban life, there have been incredible cooperative achievements.Phay Bunchheun spoke highly of R&F Group's ceremony, which he said proves that R&F Group are riding the wave create by One Belt, One Road. The group’s outstanding projects have fuelled the Cambodian property sector and brought prosperity to the country.Deputy Environment Minister Phay Bunchheun delivers a speech at the ceremony.Oknha Heng Vuthy represents The Cambodian Chamber of Commerce.Then, amid thunderous applause, Phay Bunchheun and other officers of R&F Group raised a curtain to reveal the sales centre for Phnom Penh City. All guests were then guided by a concierge to explore the brand new showroom which showcased both of R&F Groups projects.The Phnom Penh City showroom officially opens to customers.At 11:10 am, the introduction ceremony of R&F Glory officially began. The showroom was already bustling at this point. Buyers came with their families and were eager to line up for the event. Sales of both residential and commercial spaces located along Monivong Boulevard were offered up to the first winners of a lucky draw. Streams of people queued to hear about the location, different unit types and property services. The optimism was palpable; R&F Group has a reputation for building confidence with leading developments.R&F has always believed in the strength of quality and glory of reputation. This year, by introducing another high-end residential project in Phnom Penh, R&F Group is again contributing a treasure to the beautiful capital of Cambodia. As one of the pioneering high-rise residential buildings in Phnom Penh, R&F Glory will provide the most luxurious and wonderful experience for residents. It will truly bring excellent construction quality, high-end facilities and star-level property services to the city.Looking for real estate for rent in Phnom Penh  or real estate for sale in Phnom Penh?Get more information about R&F Glory

Cambodia is undergoing a massive population shift. Day by day, Kingdom residents become both more connected by technology and more urbanised. Job opportunities are drawing an increasing number of people to the capital and industries are rushing to keep up.Numerous international reports from bodies such as the World Bank, Asian Development Bank and the International Monetary Fund have highlighted the need for infrastructure development to keep pace with the expanding economy.The Kingdom’s roads are often the subject conversation concerning infrastructure. Late last year, over half of the country’s roads were deemed to be in poor condition by the Ministry of Public Works and Transportation (MPWT). Furthermore, 70% of roads were funded by money from China. According to many experts, infrastructure in the country needs a facelift. Oknha Ly Hour, chairman of Housing Development Association of Cambodia, said Infrastructure investment is a critical factor in the continued success of Cambodia’s real estate sector.He explained that more money for building roads, railroads, bridges, and other infrastructure means better growth prospects for Cambodia’s urban areas where real estate development is concentrated.Soth Virak, CEO of Huttons CPL, said that in order to sustain long-term real estate growth, first, Cambodia need to improve the infrastructure across the country.“Currently, major cities, such as Phnom Penh, Kampot and Sihanoukville have seen the construction of new roads, railway, bridge, and waterways,” Virak said.According to local media, MPWT has announced plans for another ring road around the capital, as well as major overhauls to national roads 2, 3 and 4, and a 190 km highway linking Phnom Penh to Sihanoukville.Vasim Sorya, director general at MPWT, said some of these projects are being studied while some are ready for work to begin. “Government will need a huge amount of money to build such major projects,” Sorya  confirmed, adding that building infrastructural system is necessary for the Kingdom’s economic development.”Sun Chanthol, minister at MPWT, earlier this year urged all departments to improve road repair procedures in order to raise the standards for the Kingdom’s thoroughfares. Woes over master planOne major obstacle in the drive toward improving and advancing infrastructure seems to be the dissemination of a centralised plan. Vann Vat, a local urban planning expert, said that developers have been given a master plan for Phnom Penh as a whole, but have not been given specific commune-level plans by which to lay out new buildings. “The Ministry of Land Management’s policy is good, but we are seeing problems arise with implementation,” Vat said, adding that flooding, sewage, traffic and pollution problems were causing frustration as well as economic losses because of infrastructure shortcomings.He further speculated that there needed to be a strong commitment behind a master plan, as well as proper funding and investment in human resources. “People come to Phnom Penh to find jobs, infrastructure obstacles are holding back the economic process.”Indeed, the resounding feeling is that any slowdown in infrastructure development could be a major barrier for the Kingdom.Teng Rithy, founder and director of Property Investment Realty Partner, told Realestate.com.kh earlier this year that infrastructure is imperative to the expansion of the capital. “To support the economy and welcome more international investors to Cambodia, we need to have stable infrastructure in the form of transportation, power and communications as well as solid support systems in place,” he said.“These moves are leading more people to relocate to the city.”Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info…Looking for real estate for rent in Cambodia or real estate for sale in Cambodia?

Despite falling three places on the World Bank’s (WB) annual Ease of Doing Business report, Cambodia’s overall score improved. The document, released late last month, noted that obtaining construction permits is now less expensive in the Kingdom. Industry insiders, however, speculated whether there was any noticeable change in the sector.Every year, the WB releases the report which ranks 190 nations by analysing regulations that either enhance or constrain business activity. Cambodia scored a 54.8 for the 2019 report, representing a gain of 0.41 over its score last year. The lion’s share of the growth was attributed to improvements in the process for dealing with construction permits. However, the report also noted that starting a business and getting electricity also became easier over the last year.Though the Kingdom still fell below the regional average score for the East Asia and Pacific region, its rank for ease of getting credit was 22 out of 190. Malaysia was reported to be a regional leader with a score of 80.6 which put it in the 15 spot on the list.The report included a case study that examined the cost and time required to establish a 1,300 square metre, two-storey warehouse in Cambodia. Twenty procedures associated with obtaining construction permits were allegedly required. These processes took a total of 652 days and cost 3.3% of the project’s total value of $64,457.Interestingly, the category dealing with construction permits was one of the Kingdom’s worst-performing metrics just two years ago. While both the time and number of procedures have stayed the same the permit costs have gone down.Last year, a similar WB case study showed that construction permits amounted to 5.3% of the warehouse’s value. The year before that, the same metric stood at 5.8%.Requests for comment on any change in construction permit fees went unanswered by the spokesman for the Ministry of Land Management, Urban Planning and Construction (MLMUPC) as of press time.According to 2017 data from the ministry’s website, however, construction permit applications are claimed to have a 15 working day processing time for villas less than 500 square metres, flats and wood or brick houses. These permits reportedly only incurred a fee of between $34 and $450.Chim Panha, an advisor with agency group V-Trust, said that the ministry has just recently set out to establish new fees for construction permits.He said that each district in the capital charges different fees, which also depend on the building’s size. For five-storey buildings, he said, the owner can apply for construction permits at the commune level. Anything taller needs to have a permit OK’d by the municipality. Panha added that permit fees began changing three months ago, but have yet to be updated in many areas.Michel Cassagnes, managing director of construction group Archetype Cambodia, a contributor to the WB report, claimed that any significant changes to construction permit fees had gone under the radar. The overall process, he added, was unchanged.Unfortunately, the Kingdom still charges more for building permits than the regional average. Among East Asia and Pacific nations the average cost for construction permits was just 1.9% of the case study warehouse’s total value. That metric stood at just 1.5%, less than half of Cambodia’s 3.3%, for OECD high income nations.Neighbour to the northDespite being below the regional average score, Cambodia was able to come up ahead of nearby Laos, which came up in the 154 spot.James Whitehead, CEO of yula.la, Laos’ leading general classifieds website and laorealestate.la, Laos’ first specialised real estate portal, noted that Cambodia’s northern neighbour was still a much more difficult place to start a business. “Lao citizens can hold ‘land use rights’ which is similar to ownership. Foreigners, on the other hand, can own buildings, but not the land they are built on,” he said, adding that foreign-owned business were often slow to get off the ground.Light at the end of the tunnelAfter hitting a peak in 2016 by clinching the 127 position on the WB list, the Kingdom has been backsliding over the past few years. The country is still above the low point for the decade which was when it sunk to the 145 position in 2010 in the wake of the global financial crisis two years earlier.Despite the somewhat stagnant ranking, it seems that moves are being made to strengthen the mechanisms for small- and medium-sized enterprises (SMEs) in Cambodia. Local media reported last month that Prime Minister Hun Sen signed a sub-decree advancing several tax incentives for SMEs. The incentives offer exemptions of between three and five years for newly established businesses.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info…Looking for real estate for rent in Cambodia or real estate for sale in Cambodia?

Today, most expats in Cambodia end up in the capital. Siem Reap is another leading destination for those relocating to the Kingdom. Furthermore, the nation’s top tourist draw, the Angkor Wat complex, makes Siem Reap top on most people’s lists. Realestate.com.kh is happy to bring you an expat guide to Siem ReapMake sure to check out the video to see what one of the country’s top agents has to say about life in Siem Reap. Still on the fence about where to live? We have a whole host of location profiles for areas across the Kingdom. Putting Siem Reap on the mapFirst, a little background: From around 800 AD to 1430 AD, the Kingdom covered most of Southeast Asia. Not only that, but it also produced amazing temples such as Angkor Wat and Bayon near Siem Reap. Indeed, it was a global city a thousand years ago.Interestingly, the Angkor Empire began as a Hindu empire and only later became Buddhist. Because of this, most of the architecture at Angkor Park depicts Hindu imagery. The heritage of this era is a point of pride for most Cambodians.Unfortunately, the Khmer Kingdom began declining around the 14th century. Soon after, the capital was moved to Phnom Penh, where it remains to this day. Siem Reap is anything but boring, however. It holds wonders untold.Come one, come allOf course, Siem Reap’s reputation as a tourist capital means it attracts both visitors and expats. Many expats move there in order to start businesses such as hostels, restaurants or tour companies. What’s more, English is widely spoken because of all the Western visitors who pass through. Visiting the ancient temples here is only scratching the surface. There are sights, amenities, and attractions. You will never get bored.Finding work in Siem ReapThe tourist industry, of course, employs many expats in Siem Reap. Guesthouses, bars, and restaurants occasionally hire expats. Many others start their own businesses.Non-profit organisations often have roles that expats fill. Contracts are usually one to three years and staff members usually come from both Cambodia and across the world. Teaching English is another possibility in Siem Reap. There are a wealth of international schools and they are often looking for native-speaking professionals with TEFL certifications. Housing typesIt can be a bit daunting at first to try finding a house in Siem Reap. First, though, you should zero in on what kind of place you want to get.ShophousesTwo- and three-bedroom flats inside traditional shophouses are one of the most common arrangements for expats in Cambodia. Many are split into two levels with kitchen and living areas below and bedrooms with en-suite bathrooms above. FlatsNew buildings are popping up around Siem Reap. Complexes will usually have common parking areas. Units will resemble typical apartments in the West with a full range of furnishings. Because many buildings are new, it is helpful to have an agency in the know, such as Hunter Estate.ApartmentsFull-service apartments look similar to the condominium units described above, however, buildings will have more luxury features. Pool, fitness centre, 24-hour security, internet connection and housekeeping services are often part of the package with apartments in this category. Because of this, many expats who maintain an active lifestyle often opt for these types of spaces.VillasThese freestanding houses are often used for businesses, but occasionally one will pop up on the renter’s market. They can be expensive, but if you have a large group and want more seclusion, this can be a viable option. Villas can be found both furnished and unfurnished and most have spacious balconies and small gardens. Prices vary based on size and location.Mario Tan, the director of sales and marketing with Hunter Estate said that in nearly all categories of housing, expats can expect to spend around $400 per person on monthly rent. Thankfully, we have thousands of listings on Realestate.com.kh and you can peruse real estate for rent in Siem Reap all you want.There’s something going onThere’s an anomaly in Siem Reap. It seems to have become the fine arts centre of the country. Maybe it’s because of the majesty of Angkor Wat, or many the easygoing lifestyle. Either way, it’s somewhat of a bohemian paradise. One Eleven Gallery and Mirage are just a couple of places where exhibitions and art events happen in town. Land of foodiesThe fact that hoards of tourists pass through here every year means there will be tons of food options. Haven is a great option if you want something fancy. Otherwise, head to Sita Sousdey which even offers vegetarian options.Miss Wong is great for an evening cocktail or perhaps go to Siem Reap BrewPub if you want something on tap. To be sure, Siem Reap has nearly every cuisine represented.Finally, we can’t forget about Pub Street. A night out in Temple Town wouldn’t be complete without a stop at one of the haunts on this tourist focused strip.AmenitiesDespite not being the biggest city in Cambodia, Siem Reap has plenty to offer. Convenience stores are dotted around the city. They can be perfect for simple groceries. Additionally, there are supermarkets like Lucky or Thai Huot where you can stock your pantry. If you’re adventurous and want to shop on a budget there’s nothing quite like the wet markets around town, however. Hit up Psar Chas for fresh Cambodian produce.As for health services, most expats opt to go to Royal Angkor outside of town for any medical issues. There are also a number of international-tier pharmacies in town that have medicine. U-Care is one of the most popular.Leaving on a jet planeThere are hundreds of exciting things to do in Siem Reap besides the Angkor Wat complex. Nature lovers can take tours up Kulen Mountain and see rushing waterfalls. Taking a day trip to the Tonle Sap, one of the world’s most famous lakes, is a must. You can even sign up to take a pottery class.Siem Reap has a bustling international airport. This means that travelling around the region is simple. Routes to Bangkok, Hanoi, Singapore, Kuala Lumpur and many other places run almost every day of the week. The geographic location of Siem Reap is a boon for travel. Buses to major cities in the region are cheap and great if you want to experience all the views of the countryside.See it for yourselfSiem Reap is a gorgeous town. No matter what you read you will need to see it for yourself. So, check out the video at the top that Realestate.com.kh made with the help of Hunter Estate. They focus on helping expats find the perfect housing in Temple Town.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info…Looking for real estate for rent in Cambodia or real estate for sale in Cambodia?

The speedy development of Cambodia’s real estate sector has been a key factor in the country’s constant GDP growth of around 7%. Indeed, growth has hovered at this level for nearly a decade. Currently, tourism, agriculture and manufacturing all seem to be pushing the demand for property and building in the Kingdom. Garment manufacturing, which is a lynchpin of the country’s economy, is inextricably linked with the real estate sector. Factory premises are the foundation of any such business, after all.According to the Ministry of Industry and Handicrafts, Cambodia’s industrial sector employs nearly one million people, 800,000 of which work in garment factories. Of the 1,522 registered factories operating in the country last year, over a thousand were making garments. Secondary industries included food and beverage, chemical rubber, plastic, electronics and paper.Most of the Kingdom’s factories are located in the vicinity of Phnom Penh. However, they can be found across the nation, in locations such as Preah Sihanouk, Kampong Speu, Kandal, Svay Rieng, Kampong Chhnang, Takeo and Kampong Cham provinces.As factories are built, the population in the nearby area grows along with economic activity and, in turn, real estate values.James Whitehead, CEO of yula.la, Laos’ leading general classifieds website and laorealestate.la, Laos’ first specialised real estate portal, noted that Phnom Penh hosts many of the Kingdom’s factories. Laos, in contrast, he said, relies more heavily on hydropower and natural resources. These industries aren't as labour intensive and don't necessarily lead to urbanisation in the capital of Vientiane. Cambodia's garment industry, however, requires centralised labour.“The manufacturing sector has a huge effect on real estate growth because many people come to urban areas specifically to find work,” Whitehead said, adding that most of that growth is concentrated in Cambodia’s capital.“The huge number of people push the city to grow and expand in terms of infrastructure, housing, services and amenities,” he added. With a larger population, demand for food, accommodation, entertainment and services also grows.Sorn Seap, founder and CEO of Cambodia’s Key Real Estate, said that garment factories have been essential to the growth of the real estate sector. Seap elaborated on this connection by saying that economic growth feeds the property sector. Growth, in turn, is mainly fuelled by manufacturing.He explained that, in many cases, miniature economies sprouted up around factories. Food vendors and retailers often pop up in the area to cater to the vast amount of workers.“It leads to huge demand for rental houses in the city’s suburbs,” Seap claimed, adding that affordable real estate is pivotal for fostering the growth of small- and medium-sized enterprises, especially on the outskirts of the city.Sharing Seap’s view, Whitehead said that garment factories mainly impact the market for low- and middle-tier real estate.Bringing about positive changesIn the past few weeks there has been talk about the European Union (EU) discontinuing the Kingdom’s duty-free trade preferences under the Everything But Arms (EBA) pact. This has led to concern over whether the real estate sector will take a hit in the coming months.Commenting on this market shift, Whitehead claimed it could shake up the market, but would ultimately create positive change. He said that jobs should evolve beyond low-skilled labour and bring more value to the economy by entering more lucrative segments of the market.Diving deeper, he said that Cambodian factories made most of their money from low-level consumer products for the huge EU market. Moving toward high fashion items, or even electronics would require workers with more education and more training. Shifts like this, he said, are already taking place in nearby Vietnam and China.“[The sector] needs to boost the value chain and train staff for higher level manufacturing,” Whitehead said, adding that electronics or diamond polishing were two options that could prove fruitful.Further, the government can assist by creating more high-level industrial plans so that opportunities in these industries can be developed sustainably.Seap echoed these claims, saying that tax preferences were, indeed, helpful. However, education and development were important for creating growth within the country.Other predictions for the outcome of EBA cancellation have been quite dire.According to local media, economist Ngeth Chou said that, without tax preferences, the garment sector will take a hit, as will other export sectors. Chou claimed that if a significant number of investors closed their factories in the country, there could be a domino effect. “Workers rent houses and their landlords have mortgages with the banks. If there are no workers then landlords end up losing business,” he said.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info…Looking for real estate for rent in Cambodia or real estate for sale in Cambodia?

More than 50 high-quality property development projects were on display at the third Cambodia Real Estate Expo last month. This event, which showed the escalating prosperity of Kingdom real estate, was where V-House debut to the world.V-House aims to be everything a Phnom Penh resident would want for successful urban life. Not only did the project showcase its full-service condos at the expo, but it also gave away a host of luxurious prizes.The first 66 buyers were entered to win either an iPhone X, a full package of appliances including a Samsung 40-inch LCD digital TV, Panasonic energy-saving refrigerator and a Panasonic washing machine, or a massive discount $10,658.Nonetheless, every attendee who stopped by V-House’s booth received a unique and fashionable gift. Needless to say, the booth was bustling from the very beginning.Project launch ceremonyThe grand opening of V-House’s sales period was held on October 21 at its office along Phnom Penh’s road 1986. Kicked off by a traditional Buddhist blessing, the event featured speeches, a ribbon cutting and official launch of the project.Additionally, guests were welcomed to chat and share their insight on the V-House project. Many discussed property investment in Cambodia and the general state of the industry. The idea of the new Phnom Penh was on everyone’s mind at the exciting event.Indeed, V-House sits adjacent to two of the hottest areas of the capital. Sen Sok district has seen countless new businesses flourishing and Tuol Kork district is becoming an affluent residential hub. The project aims to be a part of this momentum that is set to send property values soaring.Chic styling and a wealth of unit types are two factors that make V-House stand out from the pack. The high-rise project is sure to become a defining feature of Phnom Penh’s skyline. Every unit offers a stunning view of the urban landscape from a private balcony. Modern design blends with practicality here to create a unique home within an elegant community.Construction with the highest standards in mind, V-House has a fitness room, infinity swimming pool, vast parking lot, 24-hour reception area and British butler service. Residents will be catered to with both professionalism and personality.The location of V-House serves as one of its strongest features. Sitting at the centre of new Phnom Penh, the complex is in a cosmopolitan business hub. Phnom Penh International Airport is just a 12 minute drive away. TK Avenue, Aeon 2 and Makro shopping centres are just three minutes away. Schools are near at hand as well. Phnom Penh Art Institute, PUC Foreign Languages School, Zaman English University and Limkokwing University are within arm’s reach. Urban amenities such as medical and financial institutes, cinemas and sports clubs are all nearby.Project detailsV-House serviced apartments are jointly developed with Zhonglian International Industrial Co Ltd. Founded in 2016, the project is a collaboration between a local developer and one from Macau. The project was launched last month.Spanning 19 storeys with 235 total units, the complex offers one- and two-bedroom suites that range from $38,000 to $90,000. The first type of unit offers one bedroom, kitchen and balcony and has a gross area of up to 40.35 square metres.The next type offers a similar layout but has a more spacious layout and reaches up to 57.52 square metres.The most premium type of unit has a living room, two bedroom, a kitchen and two balconies. It has a total area of 68.08 square metres.Since the launching of the sales phase, the developers of V-House have already hosted 168 visitor groups. The massive interest in the project is undeniable. Potential buyers are already signing up.Whether you are buying a home or making an investment, there are high returns on the horizon. With a simple 10% down payment, you can get an affordable unit and set up success for your future.China’s One Belt, One Road policy is ramping up every day. The Cambodian economy is rising at a breakneck pace and now is the best time to get into the real estate market. Don’t let all this progress pass you by!Looking for real estate for rent in Phnom Penh or real estate for sale in Phnom Penh?Get more information about V-House

The Royal Group of Companies, one of Cambodia’s largest and most successful business conglomerates, and Singapore’s Hong Lai Huat (HLH) Group signed a Joint Venture Agreement (JVA) on November 1, moving them closer to undertaking a mixed-use development project in one of Phnom Penh’s most popular and developed commercial/residential areas.The JVA follows the signing of a Memorandum of Understanding (MOU) between the two parties in August 2018. In the MOU, Royal Group agreed to provide the land, while HLH Group is responsible for construction and operation of the project.The project will include the construction of a park and a mall on 80,000 square meters of land near the Royal University of Phnom Penh (RUPP) in Toul Kork. Height restrictions for structures located close to the Phnom Penh International Airport mean that the building will be limited to 12 storeys. Total investment for the project has yet to be disclosed.One of Phnom Penh’s most affluent areas, Toul Kork is host to numerous shopping centers, office complexes, condos, apartments, villas, and other residential, commercial, and mixed-use developments. The TK Avenue shopping mall and major property developments like The Parkway and TK Royal One are located in Toul Kork.  Hanna Mark, CFO, Royal Group of Companies, told the local media that work on the project will begin in a few months.  He said it will be a topnotch development that will be affordable to many people in the country. “This project targets locals and people residing in Cambodia with reasonable pricing and international quality finishes,” he stressed.Mr Mark mentioned that they look forward to an exciting and beneficial partnership with the Singaporean developer. “We are excited to partner with HLH as they have more than 30 years of experience developing property in Singapore. We wanted the project to benefit from Singaporean quality and standards,” he said.For his part, Ryan Ong, HLH Group Executive Director, said they have found the right partner in Royal Group. “We decided to partner up with the Royal Group because of their experience in the Cambodian market, which will helps us tailor the project to the needs of Cambodians,” he stressed. “This collaboration will result in a world-class property.”The new mixed-use development, which is targeted to be completed in two years, will be HLH Group’s second project in Cambodia. HLH Group is also the developer of the D’Seaview, a major mixed-use development project located in the port city of Sihanoukville.Royal Group has interests in numerous industry sectors, including transport, energy, media, insurance, real estate, trading, telecommunications, banking, and agriculture. In operation since 1998, the HLH Group has completed numerous residential, commercial, and industrial development projects in Singapore.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info…Looking for real estate for rent in Cambodia or real estate for sale in Cambodia?

The growth in Cambodia’s real estate sector has been turning heads as of late. Housing trends in the country are changing massively. Living standards and land values are going up.Another market, that of tourism in the Kingdom, is also witnessing a changing tide. As the number of incoming tourists rises, the amount invested into hospitality follows. Developers are now seeking to capitalise on Cambodia’s unique landscape by investing in retirement homes, vacation homes and eco-resorts.Each of the country’s 25 provinces offers something unique that developers are eager to highlight. Siem Reap seems to currently be leading the progress for eco-resorts, as the Angkor Wat complex is already one of top tourist draws. Eco-resort projects have also arisen in Preah Sihanouk, Kampot, Kep, Koh Kong, Ratanakkiri, Mondulkiri and Kampong Speu provinces, however.Teng Rithy, founder & chairman of R' Investment Group, said that Cambodia’s environment is fertile ground for eco-resorts to flourish. He claimed that investors should strive to create ecologically sustainable areas, in addition to resort buildings. Unlike nearby Singapore, where developers have to put millions into developing the land, the Kingdom’s environment already provides the foundation for nature-based getaways.Rithy himself has plans in the works for eco-resorts in Phnom Penh, Siem Reap and Kampot.“We are now doing feasibility studies to determine each province's potential location for these coming eco-friendly projects,” Rithy said.  Nearly 100 eco-focused resorts already exist across the country, such as Song Saa Private Island, Royal Sand Resort on Koh Rong, Koh Andet Eco Resort, Knai Bang Chatt Resort in Kep, Siem Reap’s Phum Baitang and Salty River Resort in Kampot.The possibilities for highlighting natural features are nearly endless, given the country’s vast beaches, forests, waterfalls, mountains and rivers.Diving deeper into the potential for Kampot province, Sok Ken, founder of real estate agency Kampot Property, said that province has seen rapid growth of eco-resorts over the last year.Ken attested that the area along the Kampot River has gotten the most attention. Plots up to 30 kilometres away have also been eyed for their natural beauty, however.Citing the access to mountains, rivers, forests and the ocean, Ken claimed there was still plenty of undeveloped potential in the region.“There are many untapped and hidden areas that no one has touched yet,” he stressed.“I believe there is still more opportunities because the majority of eco-resorts in Kampot are medium or small projects,” Ken added, claiming that the number of both domestic and Western tourists to the province is rapidly increasing.Touching on price ranges, Ken said that local tourists were often looking to spend between $15 and $30 a night at an eco-resort.Rithy noted that luxury accommodations in the country could go for as high as $3,000 a night. He urged developers toward creativity, however, saying that those bringing a new concept to the sector should have flawless plans. Everything from designs and construction to food, beverage and security needs to be thought out, he claimed.Nos Mathsary, a representative of Bamboo Bungalow in Kampot, said that the resort made use of hybrid designs with traditional bamboo and thatch surrounding modern amenities. Meanwhile, they tried to highlight the natural environment of the river.“We not only offer the best services but we also ensure safety and security,” Mathsary said.Looking to the future, Mathsary predicted that the province would see a stronger economy from the rising tide of tourists. What was once known as a sleepy province, he said, could become a hub for hospitality jobs.“Kampot will be well known both locally and internationally,” Mathsary said.Read more article about How to invest in Land in Cambodia for foreignersCheck out property for sale  in Kampot and property for rent in Kampot on Realestate.com.kh

Despite falling three places on the World Bank’s (WB) annual Ease of Doing Business ranking, Cambodia’s overall score improved. The report noted that obtaining construction permits is now less expensive in the Kingdom.Every year, the WB releases the report which ranks 190 nations by analysing regulations that either encourage or constrain business activity. Cambodia scored a 54.8 for the 2019 report, representing a gain of 0.41 over its score last year. The lion’s share of the growth was attributed to improvements in the process for dealing with construction permits. However, the report also noted that starting a business and getting electricity also became easier over the last year.Though the Kingdom still fell below the regional average score for the East Asia and Pacific region, its rank for ease of getting credit was 22 out of 190. Malaysia was reported to be a regional leader with a score of 80.6 which put it in the 15 spot on the list.The report included a case study that examined the cost and time required to establish a 1,300 square metre, two-storey warehouse in Cambodia. Twenty procedures associated with obtaining construction permits were allegedly required. These processes took a total of 652 days and cost 3.3% of the project’s total value of $64,457.Interestingly, the category dealing with construction permits was one of the Kingdom’s worst-performing metrics just two years ago. While both the time and number of procedures have stayed the same the permit costs have gone down.Last year, a similar WB case study showed that construction permits amounted to 5.3% of the warehouse’s value. The year before that, the same metric stood at 5.8%.**Matt Rendall, Darwin or Hans quoteDespite being below the regional average score, Cambodia was able to come up ahead of nearby Laos, which came up in the 154 spot.James Whitehead, CEO of yula.la, Laos’ leading general classifieds website and laorealestate.la, Laos’ first specialised real estate portal, noted that Cambodia’s northern neighbour was still a much more difficult place to start a business. “Lao citizens can hold ‘land use rights’ which is similar to ownership. Foreigners, on the other hand, can own buildings, but not the land they are built on,” he said, adding that foreign-owned business were often slow to get off the ground.

To all honorable guests, respected members of the press, media partners and sponsors - a very warm welcome to the press conference for the Realestate.com.kh EXPO2018. Thank you for your time and attention.AGENDA FOR PRESS CONFERENCE:8:30-9:00: Distinguished guests from media arrive and registration9:10-9:25: CEO, realestate.com.kh, Mr. Thomas O’Sullivan (English)9:25-9:40: Scott Naki Group (Khmer)9:40-9:55: Chinese Marketing Manager, realestate.com.kh, Ms. Carrie Sun (Chinese)9:55-10:00: Q&A with media, guestsMedia Contacts for follow up info and images:English/Khmer: nara.cheng@realestate.com.kh +855 016 333 717Chinese: carrie.sun@realestate.com.kh +855 010 857 886---------------------------------------------------------------------------------------------------4th of September 9:00 - 10:00 AM, Lumiere Hotel  - Realestate.com.kh, Cambodia’s most visited real estate website, is pleased to announce the Realestate.com.kh Expo 2018, Cambodia’s #1 Property Expo. October 19 & 20, 2018, at the NagaWorld Hotel, Phnom Penh.Realestate.com.kh EXPO 2018, Cambodia’s #1 Property Expo. Returning this October 19-20thAfter the huge success at the inaugural Cambodia Real Estate Shows in 2017, the much anticipated show known now as the Realestate.com.kh EXPO 2018 is returning this October 19th 20th to NagaWorld Hotel, Phnom Penh, to provide a forum for local and international home buyers and property investors to visit the leading developments in the region at one convenient event.The last expo in October 2017 brought together more than 4,000 attendees and generated over $20 million in property sales within the two days. The proven success created strong demand from agencies, developers and property seekers for the event return for 2018.Extensive marketing campaigns prior to the event and of course the Expo itself are not only a major vehicles in promoting Cambodia as a country but also as one of the best investment destinations globally. MR Tom O’Sullivan, CEO of Realestate.com.kh said that “ Over 4000 people had already  registered to attend this years expo and we are forecasting to attract over 6,000 home buyers and property investors at least.”Cambodia is increasingly becoming the focus of international property investors from across the ASEAN region, China and the world. Compared to neighboring countries in the region, Cambodia is offering freehold foreign ownership and strong investment growth prospects.While those living in Cambodia are well aware of the fast changes happening in regards to real estate, construction and infrastructural development in major cities such as Phnom Penh, Sihanoukville and Siem Reap - many internationals have little understanding of the quality of real estate now available in the Kingdom and the investment potential for those purchasing property here. Thus, in order to accommodate this growing appetite for Cambodia property, Realestate.com.kh has organized the most focused real estate exhibition event that the country has ever seen.With over 30 real estate developments exhibiting over the two days “The Realestate.com.kh EXPO” Sponsored by Ezecom, Propease, Bayon Airlines & CDF will demonstrate the finest property investment opportunities currently on offer across the nation. The audience will include both international investors and local property buyers.O’Sullivan also mentioned “The intention of the Realestate.com.kh EXPO, October 19 & 20 is to promote Cambodia and the Cambodia real estate industry both locally and internationally. We are bringing together a collection of the nation’s finest new projects, as well as other businesses that influence and play a role in the market.”“During the EXPO, attendees will also be able to watch various educational seminars which will assist property buyers and investors understanding the market, the legal obligations of property ownership, and to help them to make educated decisions when purchasing real estate in Cambodia,” said O’Sullivan.The free seminars will be available in three languages over the two days of the event, Khmer, English and Chinese, with translation headsets available to guests. Topics will include property investment advice, ownership law, tax considerations, infrastructure developments, notably the One Belt One Road initiative, market comparisons and Cambodia’s economic growth prospects. Panel discussions and question, answer sessions with the audience will also be part of the seminar schedule.“Furthermore,” continues O’Sullivan, “a real estate show closes the gap between the investor and the opportunity. When investors from throughout the region and world arrive in Phnom Penh for our real estate show, they will feel, smell and touch Cambodia; and they will see the drastic changes happening here in terms of construction and real estate development. They will also understand the infrastructural improvements that are transforming the country into an economic hub. This exposure to Cambodia will give them confidence to invest in property here.”O’Sullivan concludes, “People buy property in countries they love - and at realestate.com.kh, we are confident international visitors to our real estate show will soon fall in love with Cambodia.”“We are excited to be bringing the best of the best from the last show as well as some new flavors and opportunities for the 2018 edition including more borey and affordable condos as well as more international developers from both Cyprus & Australia”Exhibitors include some of the biggest names in the industry including Creed Group, Orkide Villa, Prince Real Estate Group (Cambodia) Group, The Parkway, Aristo Developers, One Park, Phnom Penh Harbour, Le Bassac, North Park Condominium, Residences Bel Air, Pafilia, Position Property, NC Maxworld, SEAPS, DFDL, Seara (Sports Engineering and Recreation Asia Cambodia), OneDa, The Room Design Studio, Cloud Coast, Naki Group, AVIC INTL, New Nordic Group, Morgan Tower, Thaiyue investment and PropEase.Local and international media partners for the event include CTN, MYTV,  Thmey Thmey, Khmer Times, Fresh News, Property Asia, BizKhmer, KHB Media, EuroCham Cambodia, Understand Business, The Cambodia China Times, Forward Asia, Nice TV, Cambodia Sin Chew Daily, Gold Zone Media, Sing Meng Telemedia, GrepTech, Jian Hua Daily, B2B Cambodia, Angkor Today, and Khmerload.Realestate.com.kh would again like to thank sponsors of the event including PropEase, Bayon Airlines, Lumiere Hotel, and CDF.The thousands of expected attendees will include international property investors, local buyers, architects, contractors, builders, designers, lawyers, real estate agents, CEOs and top management of major property developers and associated companies.Venue and Schedule:2nd floor grand ballroom of the NagaWorld Hotel and Entertainment Complex, Phnom Penh.Save the date!Save the date on your calendar! The Cambodia Real Estate Show will be held on the Friday & Saturday, 19th and 20th of October 2018, on the second floor grand ballroom of the NagaWorld Hotel 1 in Phnom Penh. The show will run from 10am until 6pm on Friday the 19th; and 10am to 6pm on Saturday the 20th.Admission is FREE for all attendees and is totally open to the public with no ticket or registration required. All are welcome to attend!Register here for FREE and see detailed info on show agenda:This is for english - https://realestatekh.lpages.co/october-property-expo-2018-attendees/#pressEnglish: https://realestatekh.lpages.co/october-property-expo-2018-attendees/Khmer: https://realestatekh.lpages.co/october-property-expo-2018-attendees-khmer/Chinese: https://realestatekh.lpages.co/october-property-expo-2018-attendees-chinese/Promotions:●     Everyone that attends the show will go into the draw to win lucky draw prizes from our friends at CDF●     International investors that buy property on the day will be refunded the cost of their flight* (*Selected developers only, Terms and conditions apply)Sales and Marketing Contacts:Nin Kang (chinese/khmer language)nin.kang@realestate.com.kh+855 78 637 323 / +855 93 552 305Tyler Stuart (english language)tyler.stuart@realestate.com.kh+855 12/81 599 669English: https://realestatekh.lpages.co/october-property-expo-2018-attendees/Khmer: https://realestatekh.lpages.co/october-property-expo-2018-attendees-khmer/Chinese: https://realestatekh.lpages.co/october-property-expo-2018-attendees-chinese/Additional Online Resources:https://www.realestate.com.kh/news/Over-20-Million-dollars-of-property-sold-at-the-Cambodia-Real-Estate-Show-2/https://www.realestate.com.kh/news/Borey-Developers-take-Interest-In-the-Cambodia-Real-Estate-Show-2-this-October/https://www.realestate.com.kh/news/Life-and-Vibrancy-at-the-Prince-Modern-Plaza/https://www.realestate.com.kh/news/Star-City-A-New-Phnom-Penh-Landmark-Emerges/https://www.realestate.com.kh/news/Blue-Bay-Sihanoukville-Find-your-personal-paradise-at-the-Cambodia-Real-Estate-Show/https://www.realestate.com.kh/news/Sky-Land-Condos-Where-Peace-and-Luxury-Unite/https://www.realestate.com.kh/news/Creed-Group-a-Japanese-property-development-firm-joins-the-Cambodia-Real-Estate-Show-2/About Realestate.com.kh:Established in 2009 by Cambodian National Moek Chenda, Realestate.com.kh has grown to be the leading real estate website and marketing company in Cambodia, working with the nation's leading real estate agencies, developers and lenders. In 2015, Australian-based DCG partnered with Moek to develop the business rapidly. The platform, in Khmer, English and Chinese languages, has over 40,000 properties for sale and rent, with tens of thousands of property hunters visiting the website and app each month. Realestate.com.kh also produces a quarterly real estate magazine entitled “Cambodia Real Estate” in English, Khmer, and Chinese languages. To be the sponsor or exhibitor or more information, please call:English speaker: Mr. Tyler Stuart, 012 599 669 or 017 436 756Chinese and Khmer speaker: Mr. Nin Kang, 078 637 323

Save for a short coastline facing the Gulf of Thailand in the southwest, Cambodia is mostly a landlocked country. But apparently, this limitation is not deterring the Kingdom, with help from its foreign friends, from going into a port building, expansion, and improvement frenzy on its few outlets to the sea in a bid to improve economic, trade and tourism prospects.In the last few months, several major port construction, expansion, and improvement projects were either completed, underway, or are being planned in Sihanoukville, Kampot, and Koh Kong, all in Cambodia’s southwest. In addition to the seaports, Cambodia, which is traversed by the mighty Mekong River and its tributaries, has a few river ports in the provinces of Phnom Penh, Takeo, and Kampong Cham.The most significant port project in the Kingdom is major improvements to the State-owned Sihanoukville Autonomous Port (PAS). PAS stretches over 125 hectares of land in Preah Sihanouk province.Last June 2018, PAS, which is Cambodia’s sole deepwater seaport and major trade gateway to the outside world, launched a $74 million multi-purpose terminal. The Japan-funded port improvement project provides an addition 330 meters for ship docking.This allows the port to accommodate larger ship with heavy loads. The new terminal is able to load shipments between 40,000-50,000 tonnes, which is double the capacity of existing terminals at the PAS.Minister of Transport Sun Chanthol said the new terminal will make PAS play a more significant role in speeding up the delivery of goods as well as boost competitiveness between Cambodia and neighboring countries. It was noted that the terminal will facilitate 70 percent of exports and imports coming through Cambodia.Minister Sun said that in addition to the new terminal, plans are afoot to turn PAS into an intermediate-scale standard port in the next few years.The planned expansion will entail the construction of another container terminal, which will enable the port to handle more than 1 million TEUs (twenty-foot equivalent units). The expansion will also enable the Sihanoukville port to receive ships of more than 60,000 tonnes.The proposed new container terminal will have a depth of 14.5 meters and a length of 350 meters. Funding is courtesy of a $209 million soft loan from the Japan Government. Construction of the new terminal will commence next year and targeted to be completed by 2023.Meanwhile, in the province of Kampot, which is more well-known for growing the world’s best pepper, Kampot Pepper, a new 4-hectare seaport will also rise soon. Kampot, which also shares a border with Vietnam, has a coastline of some 45 km on the Gulf of Thailand.The construction of the much-awaited seaport in Kampot province began early last month. Part-funded with a loan from the Asian Development Bank (ADB), the planned port is situated in Kampot’s Tek Chhou district.The massive project is expected to help boost the local tourism and property sectors, as well the national economy in general.Minister of Tourism Thong Khon noted that with their close proximity to Vietnam and Thailand and their important role in tourism development, the Cambodian Government has been focusing on developing these waterways.Maritime traffic with Vietnam and Cambodia is expected to rise once the project goes into operation. The ADB expects the port to serve 360,000 international and domestic tourists a year in its first year and 442,000 by 2022.Echoing Mr Thong, Kampot Governor Cheav Tay, said a new seaport in Kampot will benefit the local infrastructure and the country’s economy. Support infrastructure like roads and bridges are likely to be built close by to support the growing economy and tourism industry.For Soy Sinol, Director, Kampot Tourism Department, there is the exciting prospect of the seaport attracting real estate developers. “These kind of projects generally attract them,” he said, while also noting that real estate values in the area will rise once the project is complete.The Kampot port project is slated for completion in 2019.In Koh Kong province, China’s Tianjin Union Development Group (UDG) is developing 45,000 hectares of land, including building a port and an airport, as part of its $3.8 billion Dara Sakor Beachside Resort project. Few details regarding the port project have been released so far.In early 2009, there were also plans to build a $20-million tourist port in the tiny southwestern province of Kep. While the Kep port project, due to various reasons, did not push through, there are some who believe it will be revived in the next few years.  Cambodia’s focus on infrastructure development, including port construction and expansion, is expected to help the Kingdom’s economy, one of the fastest-growing in Asia, to keep humming in the foreseeable future.Looking for real estate for rent in Sihanoukville  or real estate for sale in Sihanoukville?Want to learn more about Sihanoukville? Check out Sihanoukville Property Market Rising Fast and Sihanoukville Infrastructure and Tourism Trends now!

RESIDENCE OPPOSITE TO THE INDEPENDENCE MONUMENTSituated at the heart of Phnom Penh, LE BASSAC is only 2 minutes away from the Independence Monument. Being the prime location in BKK1 and home to the city's major financial and commercial activities, the development is surrounded by world-renowned merchants and offers everything you desire.PROJECT BY WORLD-RENOWNED ARCHITECTLE BASSAC is a project by world-class architect C.Y. Lee, the team that designed Taipei 101. Not only does the project reflect Lee's mastery in architectural design throughout the years, it also symbolizes the architect's ambition to glorify the city by constructing a centurial building next to a century-old landmark here at the heart of Phnom Penh.GREEN BUILDING THAT LEADS THE FUTURE OF PHNOM PENHLE BASSAC is the only urban oasis in all of Phnom Penh, boasting a green canopy comprising more than 300 trees. It has been awarded the first green building certification in all of Cambodia, and is the only development in Phnom Penh to incorporate world-class environmental protection, energy-saving and intelligent designs.HOST TO YOUR GUESTSLE BASSAC offers US$30 million of common area and facilities, a grand lobby with 10-meter high ceiling, and premium conference rooms all exclusively for you. The rooftop is completed with an exquisite private garden and swimming pools where you can relax and enjoy life. Overlooking Mekong River and the beauties of Phnom Penh, LE BASSAC is the true illustration of how home can be the best vacation spot.ENVIRONMENT THAT BUILDS SUCCESSChoosing the right environment is more important than hard work. Situated in the heart of Phnom Penh, LE BASSAC is home to the most influential leaders and is surrounded by the best education facilities, which gives children the most ideal place to grow. Here you have easy access to a spacious green park where you can take a stroll or exercise at any time, and finish your day with a wonderful family gathering at any of the wide selection of restaurants nearby. Embrace the future and your unique, prestigious and healthy home.Learn more about Cambodia’s newest developments by visiting Realestate.com.kh!

The Cambodian real estate sector has been growing tremendously in the last few years. In Phnom Penh, Siem Reap, Sihanoukville, Poipet, Bavet, Kep, and other parts of the country, there is a flurry of non-stop construction work going on as massive investments, mostly from China, fuel a roaring building boom.For instance, in the capital city of Phnom Penh, there is a long list of residential, commercial, and mixed-use developments recently completed, underway, in the pipeline, or in the drawing board.Consequently, there is constant and growing supply of condos, apartments, borey units, and other residential units. With more Cambodians being lifted out of poverty by one of Southeast Asia’s fastest-growing economies, demand for the same properties is also growing.The value of real properties, particularly in the most-developed areas of the country, has also gone up, though comparatively cheaper compared to those found in neighboring countries.Despite forecasts of a property market crash in the near future, the general consensus among local property experts is that the Kingdom’s real estate sector is headed in the right direction. In the next half-decade, growth in Cambodia’s property sector is expected to be mainly in condo and borey developments, foreign direct investment, land price, demand, and supply.Soth Virak, CEO of Huttons CPL, said Cambodia benefits from relative political stability and continuing foreign investors’ confidence.  The just-concluded national election gave the ruling Cambodian People’s Party (CPP) another five-year mandate to run the Kingdom.“I think Cambodia’s real estate industry will keep moving forward in the next five years, “he said.Mr Virak explained that developers often look at economy, society, technology, and political stability when investing in the property market.” Political stability is the main factor they look into,” he stressed.Echoing Mr Virak’s outlook, James Hodge, Associate Director at CBRE, said that in the next few years the property market will offer a breadth of options across all grades and will be able to compete in terms of quality with other centres across the ASEAN region.“International serviced apartment operators will be more prevalent and a few of the most forward thinking local real estate companies will have blossomed into market leading,” he stressed.As for supply, Mr Virak said he expected that the current upward trend will hold in the foreseeable future.  “Supply will continue to increase where more than 10 million square meters will reach the market every year,” he said.James Hodge, Associate Director at CBRE Cambodia, agreed with Mr Virak’s forecast. “Supply is on the up across all sectors and we see no slowdown in this trend so long as the economy continues to pursue its current growth path,” he said.“Project launches may continue to be small in number but the scale of the projects is set to increase, especially as the large Chinese developers establish themselves and their brands in the Cambodian market,” Mr James added.Likewise, both property experts agree that demand will not slow anytime soon.Mr Virak said that both local and expats will continue buying properties in the Kingdom where the middle to low class housing project with low to interest free will be the big market.Over the next five years, according to Mr James, both local and Chinese backed demand and supply are likely to be the biggest influencing factors on the Cambodian real estate sector.Mr James said the foreign investment outlook for the Kingdom’s property sector also looks good.“Investment in manufacturing and infrastructure will still be largely dominated by foreign players,” he noted.His view is backed by Mr Virak, who said that in the next 5 years he expects China to continue to be the leading property investor in Cambodia, followed by Japan, Korea, Malaysia and Vietnam.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info…Looking for real estate for rent in Cambodia or real estate for sale in Cambodia?

Strongly Push and Sell Yuetai Phnom Penh Harbour Phase 3Prosperous Shops Close to the Main Road, Yuetai The Garden Shops On 26th August 2018, at No. 182, Sihanouk Blvd, Phnom Penh (opposite to Cellcard), Yuetai Group hosted the Opening Sell for Phnom Penh Harbour Phase 3 Prosperous Shops Close to the Main Road, Yuetai The Garden Shops. There were lots of people waiting outside before the Opening! Once it started, people came crowding in to rush to Purchase!Yuetai Phnom Penh Harbour Pase 3 shops sold out within 72 hours in last two times selling, so Yuetai Group quickly pushed to sell the popular shops again to satisfy the market!YUETAI Group, from Guangzhou to Hongkong, to Southeast Asia, and the world, has finally made a stop in Cambodia.YUETAI International Group has taken root in the Kingdom of Cambodia for 7 years now and is closely related to local political leader high ranking officials and military heads. And through deep ploughing of Cambodia, it will advance to develop in Vietnam, Thailand, Burma and other Southeast Asian markets, and later, strategically develop the Globe.With a unique location, beside the Royal Palace and alongside the Mekong River, Yuetai Phnom Penh Harbour is the first property in Phnom Penh combining harbour business, tourism and high-level service centertogether to be a Cambodian landmark. There will be a super large shopping mall, riverside tourist square, the only passenger harbour in Phnom Penh, culture & art business street alongside the river, Mekong River&Angkor culture&art exhibition center above the water, specialized theme business street, floating ferris wheel, culture&art performance field, harbour park, culture&art garden as well as Phnom Penh tourist center.Yuetai Group focuses on building a commercial complex, bringing into the cultural element, tourist element, artist element, and historic element, to offer the world a complex with the most elements, to let the world know more about Cambodia and its Angkor culture.Yuetai The Garden possesses a wonderful location- around the Phnom Penh International Airport and Veng Sreng Blvd, with a luxurious facility.There will be 9 buildings, with fine-decorated apartments from 35 m2 to 130 m2, hotel, SOHO, commercial plaza, official buildings to create a cozy and comfortable area for people living and working here.Address: No. 689 Preahsaisovath Blvd, Sangkat Sreah Chak, Khan Daun Penh, Phnom Penh. Property Address: Vimean Sopheak Mongkul Center, Veng Sreng, Phnom Penh, Cambodia Google map to search: Yuetai The Garden Sales CenterGet more information about Yuetai project and learn more about Cambodia’s newest developments by visiting Realestate.com.kh!

ARATA Garden Residences is a large-scale landscaped development that brings the best in Japanese construction design, ingenuity and technology to Cambodia.ARATA is Creed Group’s third project in Cambodia. Creed is also the developer of Borey Maha Sensok, the first and largest Japanese borey (gated community) project in the Kingdom, and Bodaiju Residences, which is located opposite the Phnom Penh International Airport.Creed is a Japanese property developer and investor. Established in 1996, it has completed hundreds of projects in Japan, Vietnam, Cambodia, Malaysia, Indonesia, Myanmar, Loas, Bangladesh, and other countries.Creed originally set out with the mission of providing “Japan Quality to emerging nations in Asia.” Creed started investing in Asian property in 2012.ARATA was designed by Japanese architect Hisaya Sugiyama, the Founder and Owner of Quincy Studio. Sugiyama, who has a Master of Architecture degree from Harvard University Graduate School of Design, has designed a long string of iconic projects in the United States (US), Bangladesh, Japan, France, Cambodia, and other countries.Creed is developing ARATA as a modern residential development surrounded by natural green atmosphere.To create and sustain a pleasant atmosphere in the area, Creed is working to ensure that the thick and abundant greenery surrounding ARATA will be sustained for a very long time. Its ultimate goal is to create a life in luxury, convenience, and comfort in the midst of the city that is only a pipe dream for most people.Creed is developing ARATA in partnership with local investor, Triple Gem Assets, and Japanese investor and condo developer, Hoosiers Holdings.ARATA (Phase 1) comprised of more than 500 units, including Shop Houses (A&B), Twin Villas, Link Villas (A&B), and Luxury Villas. ARATA is built on a 7-hectare prime lot. There is luxury of space to in and out of the houses.ARATA has an excellent array of amenities, exclusive to its residents, which made it among the best and most exciting mixed-use developments in the entire Kingdom. These are Playground, Badminton Court, Swimming Pool and Kids Pool, Gym, Coffee Shop, Garden, Security Guard, Mini-Mart, and Shuttle Bus.Residents will only have to walk a few steps to go to the Coffee Shop, have a drink, and relax after a busy day. They can also play Badminton, have a dip at the Swimming Pool, and for fitness buffs, exercise at a well-equipped Gym.  Their kids, meanwhile, will have the Playground and Kids Pool for their own activities.For shopping, residents can go to the Mini-Mart, or they can avail of a Regular Shuttle to Cambodia’s newest and biggest shopping complex, Aeon Mall 2.ARATA is located in Sangkat Khmounh, Khan Sen Sok, one of the best and most ideal residential/commercial locations in the heart of Phnom Penh. The area is growing fast, thanks to a visionary Master Plan by the Government. Aeon Mall 2, Makro Wholesale Store, TK Avenue, Camko City, National Bank of Cambodia, and a string of topnotch international schools are also easily accessible.ARATA supports the coming Realestate.com.kh EXPO 2018 as one of the exhibitors.  ARATA sees the Expo as a great way to help and showcase Cambodia’s real estate industry and make it more well-known not only locally, but also to the outside world.  Now on its third edition, the event has cemented itself as the biggest and most successful real estate show in the Kingdom.Get more information about ARATA Garden Residences and learn more about Cambodia’s newest developments by visiting Realestate.com.kh!

A forum on emerging trends and the future of Cambodia’s hospitality industry will be held this coming Wednesday, August 29, at Sofitel Hotel.The main feature of “Meet the Experts/Cambodia” will be presentations by industry experts on a variety of topics and issues surrounding one of the Kingdom’s most important sectors.  Organizers said the event will be good for developers to discuss and learn more about the changes and trends in Cambodia’s hospitality industry and the approaches envisioned, proposed or being implemented to adapt or to take advantage of them.From the event, attendees will learn and will have the opportunity to discuss with experts a slew of exciting trends in Cambodia’s hospitality sector, including: 1) Local and Regional Hospitality Market Updates and Megatrends; 2) Branded Residences and Condotel Products; 3) Development of Design and Boutique Hotels; 4) Traditional and Alternative Brands; and 5) Vacation Home Products.Leading the speakers are Thong Rathasak, Deputy General Director of Ministry of Tourism. Mr Rathasak will talk about “Cambodia Hospitality Market Updates”.In the last few years, Cambodia’s hospitality industry has experienced rapid growth, mainly buoyed by a vibrant tourism industry. Cambodia is receiving an average of 5 million tourists every year and is expecting 6 million foreign arrivals by year end. Consequently, the number of hotels, guesthouses, and other industry-affiliated establishments in the country drastically increased. At the end of 2017, there were 781 hotels in the Kingdom, 134 more than the previous year. For guesthouses, it increased from 1,996 to 2,255. There were also 2,239 restaurants, 881 entertainment centers, and 619 tourist agencies.Other speakers include Mauro Gasparotti, Director Savills Hotels, Asia Pacific; Christian Pucher, Director of Development Asia, Hilton Worldwide; and Kevin Beauvais, Founder and CEO, InVision Hospitality.Mr. Gasparotti will talk about “Megatrends and Development Opportunities. Mr Pucher’s lecture will be on “How to Compete in Fast Evolving Markets: Traditional and New Brands”, while Mr Beauvais will speak about “Design-Oriented Hotels and Limited Service Models”.The Cambodian hospitality industry underwent a lot of changes in the last several years. It was said that never before has the hospitality industry experienced so much disruption with the advent of new breeds of travelers, leaps in technology and the emergence of new accommodation habits, tastes and approaches to travel.For example, there is a growing preference, especially among the wealthier visitors, for Condotels or Branded Residences, instead of the traditional hotel. Also, the majority of foreign visitors to Cambodia are now Chinese.Such disruption requires alternative accommodation models and presents opportunities for nimble and progressive developers looking for competitive advantage.There will also be a panel discussion on “Condotels and Branded Residences”, which will be moderated by Lada Shelkovnikova, Partner, Withersworldwide. The panelists are Michel Cassagnes, Managing Director, Archetype Cambodia.; Sunny Soo, Managing Director, Keystone Property Consultants; and Ing Sophealeak , Partner, Bun & Associates.A Condotel is a condominium project operated as a hotel, with a reception desk, room service, and other services and amenities available or offered in hotels. Branded Residences, meanwhile, are residential developments incorporated into a hotel with a brand name.  Occupants of Branded Residences have access to the facilities, luxuries, and services of attached hotels.Just like with Condotels, Branded Residences are becoming more popular in Cambodia, and the market for them here, while still relatively small, has been growing continuously, with more hotel operators, including such well-known names as Starwood and Four Seasons, offering Branded Residences. More often than not, these Branded Residences are built as part of mixed-use developments.The event, which doubles as a Networking Night, is a collaboration between Savills Asia Pacific Hotels and Ministry of Tourism, Archetype Group, Keystone Property Consultants, Hilton, InVision Hospitality, Withersworldwide, and Bun & Associates.Established more than a century ago in the United Kingdom, Savills is one of the world’s largest real estate firms, with more than 600 offices in North America, Asia, Europe, and other parts of the world. Savills is also a major global hotel developer.The event is limited to invitation only, subject to confirmation on available seats. If you are interested in attending, please contact:Ms Shuly on +855 (0) 77 774 777 or  shuly@keystone-savills.asia

With Cambodia’s economy showing no signs of slowing down and a building boom in full swing, local and international real estate developers are flocking to Cambodia in record numbers.In Phnom Penh, Siem Reap, Sihanoukville, and other urban areas developers are buying up or leasing land to build an array of residential, commercial, and mixed-use developments. In Phnom Penh, land along the major thoroughfares are particularly hot items. Areas along Monivong, Norodom, Russian, and Mao Tse Tung Boulevards are slowly being saturated with high-rises, boreys, etc. There is construction work going on in many stretches going in and out of the city.Lately, one particular stretch is rising above the rest in terms of attractiveness and drawing power: land along Hun Sen Boulevard.Intended to reduce traffic congestion in the city’s south, the 60-meter wide and nearly 10 kilometers long Hun Sen Blvd. is Phnom Penh’s largest and one of its most important road connections. It connects Street 271 in the north with National Road (NR) 2 in the south. Hun Sen Blvd. is an integral part of Phnom Penh’s 2035 Master Plan, which aims to improve resident’s living conditions as the capital continues to expand and develop.Ken Lo, Chairman and CEO of Century 21 Imperial Realty, said several major development projects have been built or are under construction in the area.Leading these is the 2,600 hectares ING City, the largest development in Cambodia. Also one of the largest in Southeast Asia, ING City, whose development is ongoing, comprises of residential, commercial, and retail facilities.Major borey (gated community) projects like Borey Chip Mong, Borey Piphup Thmey, and Borey Peng Hout are also located along Hun Sen Blvd.Mr Lo said that Chinese investors are also buying huge plots of land for the construction of residential and commercial centers.  The 7.6-hectare Urban Village, 2.1-hectare Lingnan Garden, and  R&F City are major mixed-use projects being developed by leading Chinese property developers or their local affiliates on prime lot along the Boulevard.There are also reports that Japanese developers are planning to build the third Aeon Shopping Mall in the same locality.Jessie Mao, Planning Executive of R&F City, said their studies found that the southern part of Phnom Penh, where a big part of Hun Sen Blvd. runs through, is the most ideal location for property development.“While there have been an increase, land there still costs less compared to those found in parts of the city. There is a big potential for more development there. Southern Phnom Penh will definitely become the new city center,” she stressed, noting that at this time space is getting smaller and land is getting more expensive in central Phnom Penh.Hun Sen Blvd. stretches across three sangkats: Chak Angre Leu and Chak Angre Krom in Khan Meanchey and Cheung Ek in Khan Dankao. The 2018 (1st half) Phnom Penh land price report of Key Real Estate, shows that the average prices of commercial land in Chak Angre Leu and Chak Angre Krom are $1,650/sqm and $1,250/sqm, respectively, while in Sangkat Cheung Ek commercial land is priced at $600/sqm on average.Sorn Seap, Founder and CEO of Key Real Estate, said Hun Sen Blvd. greatly contributes to the area’s real estate growth. He said the area’s popularity and development will increase if major infrastructure projects will push through, referring to the proposed Ring Road and new international airport in Kandal Province, which is only a few kilometers away from the Boulevard.The entry and interest of more developers have led to higher land prices in the area, a development not lost on Mr Lo. “Land is more expensive compared before.”The price of land in-between Road 271 and Borey Peng Hout increased to $2,000/sqm from last year’s $1,000-$1,200/sqm. Between National Road (NR) 2 and Borey Peng Hout the price of land is now $800-$1,500/sqm, up from $400-$1,200 recorded in the end of last year.Looking for real estate for rent in Meanchey​ and looking for real estate for sale in Meanchey? Check out at Realestate.com.kh today!