(From the left,  Mr. Suos Chenda, his excellency Nong Piseth and Mr. Thomas O'Sullivan. Phan Soumy) Realestate.com.kh held a press conference on Thursday morning at Lumiere Residence to officially announce the launch of Cambodia Real Estate Awards 2019 (CREA 2019), a platform created to recognise excellence in Cambodia's real estate industry.CREA 2019 is the second annual Cambodia Real Estate Awards, organised by Realestate.com.kh, a leading real estate marketing company, in collaboration with the Ministry of Economy and Finance (MEF) and the Cambodian Valuers and Estate Agents Association (CVEA).Joining Mr. Thomas O'Sullivan, the CEO of Realestate.com.kh, at the conference were His Excellency Nong Piseth, head of the department of real estate business and pawnshop of MEF and Mr. Suos Chenda, secretary-general of CVEA.His Excellency, Piseth, has welcomed and supported Realestate.com.kh's initiative in organising this award ceremony. He encouraged Realestate.com.kh to continue hosting it for years to come."On behalf of the ministry of economy and finance, I would like to warmly welcome and support it, because it allows a competition amongst the top-performers [agencies and agents]", His Excellency Nong Piseth said.CREA 2019 promotes world standard practices in real estateDuring this opening remarks, Thomas O'Sullivan, the CEO of Realestate.com.kh said, "The objective of the Cambodia Real Estate Awards is to assist in further professionalising the Cambodia real estate industry by recognising the leading agents and agencies and celebrating the finest real estate practices nationwide.""The mission of the Cambodia Real Estate Awards is to recognise the achievements of the Cambodian real estate industry objectively, without bias or undue influence and on a wholly inclusive basis, that allows all firm and individuals to participate regardless of the size or wealth of their operation," he added.Mr. Suos Chenda, secretary-general of CVEA also encouraged all the Cambodia-based agencies and agents to enter CREA 2019 as it is significant for their branding and businesses. Winning awards demonstrate their recognised abilities and top-performances to especially foreign investors who are interested in investing in Cambodia.He said, "Real Estate Award is very important. I would like to encourage all the agencies and agents to enter the competition to win awards in order to demonstrate your abilities, to show them, especially to real estate developers."(From the left,  Mr. Suos Chenda, his excellency Nong Piseth and Mr. Thomas O'Sullivan. Phan Soumy) Agencies and agents must be legally registered with MEF for entryCambodia's real estate sector is swiftly growing over the past years. The growth has led to a tremendous increase in the numbers of agencies and agents in the country. As a result, there are flaws and irregular practices within the sector, including those who operate in the market without legal licenses issued by MEF.Realestate.com.kh wants to help improve practices and celebrate those who are committed to staying professional. Therefore, it has employed a strict screening process for entering the competition.As of now, over 30 leading agencies have entered the competition and over 60 entries for individual awards.To be eligible for entry, all agencies and agents must possess all required licenses issued by MEF and be a member of CVEA.Registration to CREA 2019 can be done quickly online following three easy steps as below:1. Select the award categories you would like to enter2. Record a 2-minute video related to your entry (This short video is essential. It is your chance to convince and prove to the judging committee why you deserve the award.)3. Submit your video to Realestate.com.kh's team via info@cambodiarealestateawards.comTo find out more, please visit the Cambodia Real Estate Awards website or call 092 92 1000.It is one more week to go for agencies and agents interested in entering the competition. The registration deadline is on 21 November 2019. The Cambodia Real Estate AwardsMore than 20 awards will be given out to winning agencies and individuals. They are divided into two categories, including Agent Awards and Agency Awards. Agencies are classified into two types, determined by the number of employees, corporate and enterprise agencies. The corporate agencies have 1-15 staff while Enterprise agencies have a team of 16 and above.Cambodia Real Estate Awards for AgenciesReal Estate Agency of the Year (Corporate)Real Estate Agency of the Year (Enterprise)Best Up and Coming Agency of the YearRegional Agency of the YearValuation Company of the Year (Corporate)Valuation Company of the Year (Enterprise)Commercial Agency of the YearProperty Management Agency of the YearEmployer of Choice AwardAgency of Choice Award (chosen via public voting)International Agency of the YearCambodia Real Estate Awards for AgentsReal Estate Agent of the YearSales Agent of the YearRental Agent of the YearBest Up and Coming Agent of the YearAgent of Choice Award (chosen via public voting)Valuation Professional of the YearPublic voting for the Agency of Choice Award and Agent of Choice Award will start from 25 November till 06 December via CREA 2019's website and social media channels.(From the left,  Mr. Suos Chenda, his excellency Nong Piseth and Mr. Thomas O'Sullivan. Phan Soumy)Benefits of joining CREA 2019There are a lot of benefits to joining the CREA 2019 competition. As a winner, you will be recognised as a leader in the Cambodia real estate industry, awarded the iconic Cambodia Real Estate Awards trophy in which the design is inspired by Cambodia's landmark architectures by late Cambodian renowned architect, Vann Molyvann and a certificate."Most importantly, the agents and agencies that win awards, they also win a seal which they can use for the marketing for the rest of the year. It helps buyers, renters, developers, investors, and homebuyers to recognise those agents and they will trust those agents," Mr. Thomas said.Judging process for CREA 2019All the awardees of CREA 2019 will be judged and decided by a committee made up of respectful individuals and professionals in Cambodia's real estate industry, in combination with public voting online via Realestate.com.kh's website and social media channels. Judges for CREA 2019 include:Mr. Om Sengbora, Founder & Chairman of CEO MasterclubMr. Blaise Kilian, Executive Director of EuroCham CambodiaMs. Seka Hep, Sarin & Associates Partner of DFDL CambodiaMr. Teng Rithy, Founder & Chairman of R Investment GroupRealestate.com.kh will remain independent and stand aside from the judging process to guarantee that the judging process is fair and free from any bias and the whole process will be monitored with diligence by an established accounting and auditing firm, Cambodian Investment Management.Gala dinner at Sofitel Hotel The Cambodia Real Estate Awards 2019 is set for 12 December. All the shortlisted nominees and the broader real estate industry will be invited to join the Awards Ceremony and gala dinner at the Sofitel Hotel in Phnom Penh. Over 500 attendees are expected to attend, including leading real estate agents, developers, government officials, lawyers, economists, investors, home buyers and more. Sponsors and media partnersThis event is generously supported by Cellcard, KW Cambodia, Lumiere Residence, TNAOT News and CEO Masterclub.Media partners include CTN, Khmer Times, Freshnews, Fang.com, Thmey Thmey, BizKhmer, Property area Asia and EuroCham Cambodia.For tickets: Please call 092 92 1000 or email info@cambodiarealestateawards.comFor sponsorship: Please contactTYLER Stuart (English)tyler.stuart@realestate.com.kh+855 12 599 669 | +855 81 599 669NIN Kang (Khmer & Chinese)nin.kang@realestate.com.kh+855 78 637 323 | +855 93 552 305If you're interested in learning more about the development of Cambodia, download our Investment Guide 2019Registration for Cambodia Real Estate Awards 2019 is open. Article by:

The Morgan Group is offering a considerable discount and promotion with “limited time” for condo units within the Morgan EnMaison project, one of the latest and most significant property developments in Cambodia’s Phnom Penh city.Sixteen condo units within the Sky Condo at the Morgan EnMaison are now on limited sale. For an upfront down payment of $10,000 on a unite, Morgan EnMaison offers a matching $10,000 instant discount off the total price. That’s a massive deal, so hurry up before the units sell out.The Morgan EnMaison is located in Chroy Changva district, one of the most vibrant and fastest-growing neighbourhoods often dubbed as the Manhattan of Phnom Penh. It takes only 15 mins to travel to the central part of the city with excellent access.Currently, the district is booming with multi-million new property development projects. It is rapidly becoming a business hub with more major local and international companies settling down their regional offices.Morgan EnMaison to become modern Phnom Penh’s new landmarkMorgan EnMaison is a $160 million project. Its developer, the Morganford Group, a China-based real estate developer with years of experience with property developments in more than 20 cities across Asia, aims to make Morgan EnMaison as the new benchmark for the riverfront lifestyle of Phnom Penh and the representation of modern lifestyle facility in this regional fastest-developing city.The Morgan EnMaison is sitting on the 25,000 square meters of land, and the total amount of the complex is 400,000 square meters consisting of 5 buildings, including two 47 storeys, two 54 storeys and one 70 storey tower. There are 6,046 units within the five buildings combined and 39 percent of the complex is dedicated to green gardens. The project is expected for handover in 2022.Morgan Group had the biggest sales at Cambodia Realeastate.com.kh Expo 2019The Morgan Group participated in Cambodia Realestate.com.kh Expo 2019 in early October this year, the 5th in the series of property expo organised by Realestate.com.kh. It sold millions worth of properties within two days and attracted thousands of visitors to its booths.According to a representative of Morgan EnMainson, It noticed that during the 2-day property exhibition, nearly 50 percent of the attendees had visited its booths. As a result, approximately 50 sales were made at the event which worth millions of dollars. It became the company’s most significant sales in history. The group added that it had sold $2 million worth of properties including the sale of the entire floor in one deal at the expo.The Morgan Group brought three of its Cambodia-based latest and prominent real estate development projects, including Morgan EnMaison, Morgan Tower and Morgan Pure Bay, to showcase at the Cambodia Realestate.com.kh Expo 2019.Distinguished features of the Morgan EnMaisonThe Morgan EnMaison project come with a 220-metre high rooftop helipad and multi-level luxury sky club that can offer a unique experience and meets the desires of the city’s elites and business persons. What’s more? The project also offers its residents and visitors with the country’s most beautiful private yacht marina at the junction where three rivers meet and a 200-metre riverside walking path for people to walk for leisure or do outdoor exercise.On top of that, residents at the Morgan EnMaison will also enjoy the one-stop commercial centre and many other amenities at their fingertips, including the world-class shopping malls, infinity pools, restaurants, cafes, clubs, bars, gyms, spas, saunas, sky gardens and more.The Morgan EnMaison will become a new modern lifestyle community for the middle class, high class and elites. You can enjoy a noble lifestyle along with five-star property services including high-speed elevator, 24 hours security, parking lot and the best view of Phnom Penh’s skyline.The Morgan EnMaison is where you can live your lavish lifestyle to the fullest.If you're interested in learning more about the development of Cambodia, download our Investment Guide 2019Registration for Cambodia Real Estate Awards 2019 is open.

Realestate.com.kh has recently launched two new features that are now available across the website platform and mobile application to create a more stress-free property search for its customers and users.Realestate.com.kh provides both online and offline marketing services in the real estate industry. To remain the top property-focused marketing company; it is one of the company's main priorities to continually innovate and provide its users with the best experience when it comes to property search.Realestate.com.kh's mobile app is available on both iOS and Android.Two new market-leading featuresThe two new features recently added to the Realestate.com.kh's mobile app and website platform are "Direct Chat" and "Home Finder". It is the latest effort by Realestate.com.kh to improve user experience via modern technology.Mr Tom O'Sullivan, CEO of Realestate.com.kh, said, "We are so excited about these two new features. I believe they will bring the experience of property search in Cambodia to the next level. It is our priority to bring the best products and services to our clients and property seekers."Direct ChatDirect Chat is a new function that allows users to chat and start a conversation directly with the agent selling the property right on the website or the app itself. It works just like WhatsApp. You can either sign up as an individual user seeking for your new home or a real estate agent to engage with property seekers instantly.For example, if you are a property seeker looking for a condo unit, a landed house commonly known as borey or office space. You now can chat directly to the agents whose listings interested you the most. You can find out exactly what you want to know about that property instantly. The agent, in turn, can reply to you directly. You don't have to call or send an email anymore. Better yet, the Direct Chat feature also allows you to send pictures, files and property listings to your potential clients. This is all possible within just one or two clicks.On top of that, Direct Chat has other useful functions that enable you to communicate better. On the top of your screen, you can see the status of the person whether she or he is online or offline. If your receiver has read your message, two ticks appeared on the left side next to your text.Another cool function is auto-translation, which works just like WeChat If you are worried about the language barrier; don't sweat it. Direct Chat's auto-translation mode got you covered. It allows you to generate auto-translations between Khmer, English and Chinese.Home FinderThe Home Finder tool is located in the bottom right-hand side corner on your desktop or the homepage of the app. It allows property seekers to fill in their specific requirements. Once finished, property seekers will be referred to the leading agents that meet the requirements.It takes the hassle away from property seekers when looking for the most trusted agents in the market, and assure that they get to view the latest available properties.To ensure that the platform remains user-friendly, it allows only the first three agents to take the opportunity. The opportunity will disappear once three agents respond to it. It helps users to not having to deal with many agents contacting them later to sell or rent their properties.Why should you download Realestate.com.kh's mobile app?Realestate.com.kh mobile app is a practical and convenient tool for property search in Cambodia. Users can search for any types of properties available in Cambodia for free either for rent or buy and with over 15,000 properties listed on Realestate.com.kh. It's more than any other app, so there is no need to go anywhere else. Everything can be done from the palm of your hand, on the leading property app in Cambodia.Download the app now on iOS or AndroidRealestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.khArticle by:

Wyndham Hotel Group and LiXin CEO Center had recently signed an agreement of cooperation, which was held on October 22, at Rosewood hotel in Phnom Penh.The agreement was signed by Mr Joon Aun Oo, president of Wyndham hotel's Asia-Pacific area and Mr Xu Ming Zhao, CEO of LiXin Group, witnessed by Cambodian officials and business people.It agreed for the Wyndham Hotel Group, to host its hotel brand inside CEO KT Pacific, a 33-storey commercial and residential building jointly developed by KT Pacific Group and LiXin Group, located in a prime area of Phnom Penh's 7 Makara district. It is a historical moment for Cambodia, a fast-growing economy in the region; as two of the world's most successful groups, join hands together to service the Cambodian's growing markets, the groups claimed. Wyndham Hotel Group is the world's largest and most diversified business hotel group in the world, with headquartered in New Jersey's Parsippany. It is currently operating nearly 9000 hotels with 23 different brands in 80 countries across six continents, said Mr Joon Aun Oo. Wyndham Hotel Group maintains good relationships with foreign governments and it has rich experience in commercial operations across the globe. The group is committed to high-end hotel management and development, he added. "Wyndham hotel's arrival in LiXin CEO centre is based on rigorous market research, precise analysis and calculation. The strict evaluation of the value of the business district, location, the supporting and expected value of the future operation had finally settled the Wyndham brand in LiXin CEO centre," he said. Phnom Penh is becoming an international business centre. The fact that the Cambodian government is putting more efforts and investments to improve the country's infrastructure, has attracted more businesses and investments to Cambodia in the past years, said Mr Xu Ming Zhao, CEO of LiXin GroupCambodia's tourism sector is also growing fast, attracted millions of tourists to visit the country each year. Cambodia is no longer limited to sessional travellers. It in fact also attracts business travellers, he added.Since Cambodia is going to host both 2022 ASEAN summit and the 2023 Southeast Asia Games, the country will be able to attract more people in the coming years. Cambodia will able to attract approximately 15 million business travellers to the country by 2030, Mr Zhao added. "Wyndham hotel, which will be settled in LiXin CEO centre, will be a five-star hotel of the international brand after Raffles, Magnificent and Sofitel. LiXin CEO centre will join hands with Wyndham hotel to welcome the golden period of economic booming in Cambodia," he said. Wyndham Hotel group decides to cooperate with Lixin CEO Centre due to its strong financial status, while it chose to work with the Wyndham Hotel group due to its good reputation in the hospitality industry and in fact it is the world's largest hotel group, he continued.Lixin CEO centre project is built by KT Pacific Group, the third biggest construction company in West China. It is home to Phnom Penh first international commercial and residential new landmark with 130 meters high twin towers and great facilities, such as the international banquet rooms, red wine lounges, cigar rooms, bars, spas, fitness centre, 30m infinity pool and sky bar.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Registration for Cambodia Real Estate Awards 2019 is open.

Subscribe to SingMeng Internet & Get free SingMeng TVIn less than three years, SingMeng Telemedia has become one of the major Internet & TV providers in Cambodia. The company focuses on services provision to real estate projects but its solutions and products are also available for individual users.SingMeng Telemedia has launched a new promotion to celebrate ‘’Water Festival’’, a significant yearly tradition, with the Cambodian people. This promotion includes three months free trial on TV solution. This promotion is available to current Internet customers. They are not obligated to subscribe to the TV solution after the trial period ends if they don’t wish to continue.Promotion details:Subscribe for 6 months or 1 year to SingMeng Internet & Get three months free trial on TV solution.• Subscribe 1 year get three months free trial without deposit• Subscribe 6 months get three months free trial plus $30 deposit • Deposit is refundable and can be used as a service fee. • Promotion is available for current & new customers.Learn more here! What are the benefits being offered?SingMeng TV represents a new step in the TV entertainment industry. This TV solution offers multiple new benefits to its customers. Major benefits include:• A real HD TV viewing experience• More than 110 live TV channels• Hundreds of movies & dramas on demand• Time Shift Program system• Direct access to YouTube, YouKu & iQIY Apps• Multilingual Intuitive and Interactive InterfaceSingMeng aims to provide the best TV solution and great TV viewing experiences with more benefits to the Cambodian people and their family. With these 3 months, Free trial on their TV solution, SingMeng Telemedia want to show to their audience that a better TV solution is present on the market and this solution is ready for them!What kind of content is available on SingMeng TV?During this three-month free trial period, customers will have access to all SingMeng TV content.After being able to provide all the Khmer, live TV channels, the company has decided to continue to invest in this area and to offer exclusive worldwide content.Nowadays, SingMeng TV provides 109 Live TV channels, including 21 Khmer channels, 33 Chinese channels, 53 International channels and 3 gaming channels. In less than three years, the company launched its own channels as well as several premium channels, like Fox Movies Premium, Warner TV, Fox Sports, Discovery or Natural Geographic.Get your free TV:For more information:SingMeng's websiteSingMeng's Facebook page Hotline: +855 96 6661 888/ +855 89 966 888Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Registration for Cambodia Real Estate Awards 2019 is open.

Chip Mong Land has recently acquired the whole property of Grand Phnom Penh International City, one of the major and iconic property developments in Cambodia, according to its former developer’s press release issued on Wednesday.Grand Phnom Penh International City (GPPIC) is a major multi-million real estate development in Phnom Penh. It was formerly developed by a joint venture between Ciputra Group, a renowned property development company in Indonesia and Cambodia’s YLP Group.GPPIC sits on a 260 hectares piece of land located in the north-west part of Phnom Penh’s Sen Sok district. It is only 15 mins drive from Phnom Penh International Airport and the same amount of time from the city’s landmark of Wat Phnom.GPPIC is an internationally-standard property development. It features all the amenities needed for a modern lifestyle including international schools, hospitals, shopping centres, hotels and over 4.400 households, once completed. Not to mention, it also homes to a premium golf course designed by an American-based golf course design firm, Nicklaus Design.(Picture/GOLF CAMBODIA.com)Chip Mong Land is one of the leading Cambodian real estate developers, founded in 2008. It is a subsidiary of Cambodian conglomerate, Chip Mong Group. As of 2019, the company has developed 7 well-known landed projects including Park Land Sen Sok, Landmark 60M and Park Land TK, to name a few.Chip Mong Land has some impressive plans for existing properties within GPPIC as well as some future plans to further develop the site.As an experienced developer, it wants to use its skills and specialisations to build high-quality residential and commercial properties to meet the rising property demands amongst middle and upper-class Cambodians and contribute to the country’s economic improvement, according to the group.“The future plan is to bring newly designed and high-quality houses to meet the demand of our customers. We also plan to build malls and other commercial buildings to serve the rising economy of the country,” said a representative of Chip Mong Group’s corporate communications unit.“For all the existing projects, we will improve the infrastructure and service using our strong and long-term experiences in property development and management,” he added.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Registration for Cambodia Real Estate Awards 2019 is open.Article by:

Some apartment owners in Sihanoukville are struggling to pay off debts, borrowed specifically to build apartments to rent to Chinese nationals. Many units in those new buildings are not filled, after the exodus of tens of thousands of Chinese people from Sihanoukville, amid the ban on online gambling, according to a representative of civil society organisation.In a recent interview with RFI Khmer, a provincial coordinator for ADHOC in Preak Sihanouk, Ms. Cheap Sotheary, said those who borrowed money from banks to build apartments for renting out to Chinese people in the province are facing with a potential risk of not having money to pay off their debts.Many of those apartments became unoccupied after the mass departures of Chinese people after the Cambodian government’s recent ban on online gambling throughout the country. To attract more tenants, some property owners had lowered down their rental fee as low as 50 percent, Ms. Sotheary added.Cambodia to ban online gamblingOn August 18, prime minister Hun Sen issued a directive that halted the issuance of new internet gambling permits and that means the existing licences will not be renewed once expired. The government claimed the move is to address the rising cases of money extortions around online gambling venues.The gaming industry is believed to be one of the main reasons that drew both investors and tourists from China to Cambodia over the past few years, especially to Sihanoukville, Bavet and Poi Pet where the industry booms.Over the past years, the number of direct investment from China to Cambodia has been rapidly increasing, especially into building hotels, residential buildings and casinos in Sihanoukville. These flash investments and sudden influx of Chinese people caused the real estate prices high in Sihanoukville and growing demands of accommodations.Some apartments in Sihanoukville are emptiedHundreds of new apartments were recently built over the past years, which mostly by locals who borrowed money from banks and financial institutions, to meet this huge demand. That’s why they are crashed when a large number of Chinese people left the city.(Picture/ Khmer Times) According to a report by Khmer Times, from August 18 to September 7, about 140,000 Chinese nationals left Cambodia. In an interview in July with Fresh News, national police spokesman, Kirth Chantarith said there were about 2 million recorded Chinese people arriving in Cambodia and about 250,000 were working and investing in Cambodia.Sihanoukville’s real estate starts to feel the hit(From the left, Mr. Cheng Kheng, Mr. James Hodge and Mr. Kim Heang)During his presentation on Cambodia’s Q3 real estate market update held on 11 October, Mr. James Hodge, director of CBRE Cambodia said that the government’s recent ban on online gambling has started to have some impact on the country’s real estate sector specifically in Sihanoukville, the country’s fastest-growing region.Mr. James Hodge said, “generally speaking we started to see some reduction in land prices in Sihanoukville, as some people are putting lands on the market there.”Mr. Kim Heang, CEO of Khmer Real Estate also echoed James’s observation on the impact of the ban.During this presentation at Realestate.com.kh Expo 2019, Cambodia’s biggest real estate expos to date, organised by Realestate.com.kh, the country’s leading online marketing company for real estate, he said the continued departures of Chinese citizens from Cambodia will affect land prices in Sihanoukville, Poipet and Bavet.He said, for the buildings that used to be rented out for ”$20.000 a month, no one is renting them now, even for $8.000 a month, no one is renting them too. For the land price that was risen up to $500 per square meter, and now being sold for $150 dollar a square meter, no one is buying it.”In order to minimise the negative impacts that happening right now on the real estate sector, Mr. Kim Heang suggests that the government continues to issue online gambling permits for those who are currently operating in Cambodia for another year. He believes the move will help stabilise the property market.On the other hand, Mr Cheng Kheng, Chairman and CEO of CPL Cambodia, thinks that the impact on real estate sector from the government’s ban is very minimal. He believes the move will help stabilise the sector instead and that gambling is not bringing stability and long-term investments to the country.To find out more about casinos in Cambodia, read our guide to casinos in Cambodia. Registration for Cambodia Real Estate Awards 2019 is open. Article by:

Having entered and invested in Cambodia’s fast-growing real estate sector since 2017, R&F Group, a China-based property developer with headquarters in Guangzhou, has received tremendous support for its projects in Cambodia, including the Phnom Penh Central City and Phnom Penh Gorgeous Mansion. R&F Group has over 20 years of experience in the real estate development sector and the company follows the path of the One Belt One Road Initiative Policy by building high-quality residential projects from China to Cambodia. In every project, it strives to build the best properties that change people's lives. R&F Group aims to become a respected world-class developer, therefore it adheres to its social and environmental responsibilities. R&F Group offers a new taste of modern lifestyle with its Phnom Penh Central City projectWith a total area of 560,000 square meters, Phnom Penh Central City is a unique property development that provides residents with the best experience of a new and modern lifestyle. It also comes with a high-end sports facility that covers nearly 2,700 square meters. It includes a swimming pool, gym, and golf room. It also has other community facilities including shopping malls for all ages. Due to its well-thought-of and unique design, Phnom Penh Central City is one of the most successful projects by R&F Group. It topped Cambodia’s residential real estate market in 2018. R&F Group introduces Merchant AllianceTo celebrate this huge achievement and its one-year anniversary of the project progression,  R&F Group held a signing ceremony of Merchant Alliance, a business alliance project that aims to provide benefits for both consumers and business partners. The Merchant Alliance was first introduced in 2019 during a dialogue organised by R&F Cambodia, the chamber of commerce of China and major enterprises in Cambodia. Merchant Alliance was then established following the dialogue. What benefits do Merchant Alliance members receive? R&F has cooperated with merchant brands in Phnom Penh to create a resource-sharing and mutually beneficial brand matrix. R&F expects that Merchant Alliance will subvert the traditional business model of resource competition, efficiency competition and brand competition. Being a member of Merchant Alliance provides Phnom Penh-based business partners with huge customer support to promoting the flow of resources. It will also make full use of different business customers, create a diversified consumption matrix, create publicity and promotion channels for businesses.Members will support each other and work together to solve practical problems and seize development opportunities in the future.On September 21, from 14:30 to 17:30, R&F Cambodia introduced and united all Merchant Alliance partners that have already entered (of which there are more than 10 already), integrated high-quality brand resource, and rolled out “9.21% discount with time limits" activity for Phnom Penh consumers at its Hun Sen Avenue Phnom Penh Central City Sales Office. R&F Cambodia continues to welcome on the spot for new customers and merchants intending to join Merchant Alliance and work together with R&F Group Cambodia to achieve mutual benefit and cooperation and embrace a new era of wealth in Phnom Penh.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Registration for Cambodia Real Estate Awards 2019 is open.

(Aerial picture of the under-construction buildings in Sihanoukville. Realestate.com.kh)Cambodia’s construction sector continues to grow given the gradual increase of investments in the sector and large imports of construction materials into the country, according to the latest report released on Thursday by the World Bank.The World Bank’s East Asia and Pacific Economic Update predicted that Cambodia’s economy will increase by 7 percent due to the country’s good performance in the construction sector.Ly Sodeth, a senior economist at the World Bank​ Cambodia, said the total import of steel has increased 63.5 percent within the first nine months this year compared to the same period last year. It indicates strong growth since it was only 27.7 percent increase between 2018 and 2017.“Steel is a key material in the construction sector and we don’t produce steel locally. If we see a huge increase in steel imports, it can reflect how the construction sector performs,” he said.The total investment in Cambodia’s construction sector has reached over $3 billion for the first six months in 2019, while there was only $2.1 billion for the same period in 2018, a 57.5 percent increase, according to data from the Ministry of Land Management, Urban Planning and Construction.Heom Seiha, a research director of V Trust Appraisal, said that values of investment in the construction sector have been increasing significantly in the last decade due to the increase in demand for housing among local buyers, which is driven by the growing numbers of newly-weds and middle-class population.He also added that the growing demand for office space, serviced apartments, condominiums, and commercial buildings also contributed to the rising demand for construction materials.“The rising imports of steel and construction equipment show a steady growth year on year that proves a healthy growth of construction sector,” he said.Chheang Suyheang, a representative for over 100 brick kiln owners in Kandal province’s Mukh Kampul and Khsach Kandal districts, has confirmed that the demands of brick are still high. The orders are mostly from Sihanoukville, Kampot, Phnom Penh and Poipet where the sector is booming.While the industry sees no sign of decline soon, Ly Sodeth from World Bank reminds that having some strategy in hand to prevent any risk is also a good method.“Construction sector always has a boom and bust cycle. We don’t expect construction boom continues forever,” he said.Want to find out more about housing types in Cambodia? Read our Investment Guide 2019.Registration for Cambodia Real Estate Awards 2019 is open. Article by:

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:

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.

(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

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.