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Angkor 4 Season
Angkor 4 Season a great opportunity for a holiday home in Siem Reap
June 6, 2022, 5:02 p.m.
Siem Reap is Cambodia's most famous tourist city. There are many tourist attractions in the area enticing flocks of visitors every year, such as Angkor Wat, which has been rated as one of the world's best landmarks for five years. Thereโ€™s also the floating village of Vietnam, the mysterious floating family, and the sleepy lion of Phnom Kulen.According to recent data out of Siem Reap, more than 2.59 million foreign tourists visited Angkor Wat in 2018. Chinese tourists accounted for 43.37% of the total, up to more than 1.1 million.Siem Reap aims to attract two million Chinese tourists by 2020. Plans are afoot for a new $880 million international airport. The government has also spearheaded measures to bring in services especially for Chinese tourists such as RMB payment methods and online systems like WeChat and Alipay.While tourism continues to surge, the demand for hospitality in Siem Reap has been swelling. However, accommodation supply is still lagging behind demand of the six million yearly visitors. At present, there are only about 80 five-star hotels in the region.In the long term, Siem Reap needs more hotels and guesthouses to catch up with the demand generated by a growing tourism market. This means that investment prospects of hotel rooms are promising.The Angkor 4 Season Hotel constructed by Cambodian developer Yuan Sheng Shi Ye Co, Ltd, is one of the most noteworthy investment projects in the downtown area of Siem Reap. The Angkor 4 Season Hotel is only a five-minute drive from Siem Reapโ€™s famous tourist hubs, namely Pub Street and the Night Market. The project covers an area of โ€‹โ€‹1,495 square metres and is 22.4 metres high. It hosts 108 rooms across six storeys, all of which are well decorated and fully furnished.Key advantages:A four-star hotel property that comes with a stable return and appreciationA 10-year charter with 6% net inflows per yearRepurchase guaranteed by the developer with 2% increases per yearMortgage available up to 50%Turn-key home with grace decoration and quality furnitureEight days of free stays per year, a VIP discount of 7% for extra staysProperty services come free of charge during the charter periodAngkor 4 Season Hotel has a unique appearance that is eye catching and emulates the rich character of Southeast Asia. Thereโ€™s a beautiful lotus pond and coconut trees that give shade and a breezy relaxing atmosphere. The three blocks of the building that stand in a U-pattern are adjacent to one another. Their large windows along the hallways on each level bring more transparency and brightness to the building. There is a swimming pool in the centre with lounge chairs and tables where you can take a dip or chill under an umbrella.Angkor 4 Season Hotel is divided into blocks A, B and C, each with different floor plans. The units in Block A all face south, they range from 37.28 sqm to 37.40 sqm, and have good views of the pool. Block B has bigger units, and they overlook the pool and the garden and have great views of Siem Reap. Block C is similar to Block A, but with more variety of available units.As far as good accommodation is concerned, the Angkor 4 Season Hotel will definitely provide a full package of facilities to residents, including a spacious reception hall, coffee bar, swimming pool, and gymnasium. Visitors to the Angkor 4 Season Hotel are promised a pleasant experience. Everything is within reach. Meanwhile, a high occupancy rate will be expected.Letโ€™s take a good look at the facilities now.Reception hallThe spacious reception hall allows visitors to receive a warm feeling of luxury the moment they step into the hotel, and they can take beautiful pictures at every corner thanks to its elegant design in a tranquil atmosphere perfectly matching the holiday feel.RestaurantA pleasant journey should be accompanied by gourmet cuisine. The hotel's restaurant will prepare a range of specialties for visitors. All dishes are paired expertly with a glass of good wine.Swimming poolDipping in a pool is undeniably refreshing after a day trip around Siem Reap. Itโ€™s also the perfect place to sunbathe in the fresh air and enjoy a relaxing time.Amenities aroundLocated on National Road 7, the Angkor 4 Season Hotel is surrounded by restaurants, banks, and schools. The tourist attractions in Siem Reap are easily accessible from here.It is one km from Siem Reap International Airport, which is just 20 minutes by car; 5.5 km ย or 13 minutes from Angkor Wat and only a five-minute drive from Pub Street and Old Market. A duty-free shop is just 800 metres away and can be reached on foot.To learn more about Angkor 4 Season Hotel, come talk with us at the Cambodia Home & Lifestyle Expo 2019 hosted by Realestate.com.kh. The event will be held on April 26-27 at the Diamond Island International Convention and Exhibition Center in Phnom Penh.The Angkor 4 Season Hotel will be at booths 18 and 19. In addition to this project in Siem Reap, visitors will get a sneak peak at a large-scale resort project in the province of Mondulkiri.Mondulkiri is the largest province in Cambodia with dense forests, rich natural landscapes, and spectacular waterfalls. It is one of the most popular tourist provinces in Cambodia and the holiday residence project is yet to be developed.Pay a visit to the Home & Life Expo 2019 if you are interested! Free registration is open now at Realestate.com.kh.
Seaside resort apartment debut announcement of 17% of annual rental rate, the highest investment return in Cambodia
Seaside resort apartment debut announcement of 17% of annual rental rate, the highest investment return in Cambodia
June 6, 2022, 5:02 p.m.
Where there is a flux of hot money, there is the big hunter for property investment, Charles Xue, who is a Chinese-American entrepreneur and angel investor, better known by his screen name Xue Manzi. He has purchased tens of thousands of acres of land in Sihanoukville of Cambodia, and been initiating a plan to set up a community of holiday-home. Recently, an announcement of his Fund claimed that it will cooperate with Goddess Of Liberty Group Of Cambodia to establish the first angel investment fund focused on the Cambodian market, the China-Cambodia Manzi Fund, which is directly led by Mr.Xue.ย What is the charm of Sihanoukville that attracted such a big shot on investment?ย (Mr.Xue, the senior in the middle, visits Goddess Of Liberty Group Of Cambodia)ย In Mr.Xueโ€™s own words, โ€œI have traveled almost all over Southeast Asia in three years, including Japan, Cambodia, Thailand and Vietnam. After comparison, we realized that Cambodiaโ€™s GDP has grown by more than 7% for many years. Not only in Southeast Asia, it is extremely rare even worldwide. And our most optimistic expectation has focused on the Sihanoukville of Cambodia, which has a huge demand that has not yet been met and all the investment advantages we can foresee."ย ย Sihanoukville, located on the southwestern coastline of Cambodia, is the largest seaport in the country, whose cargo throughput accounts more than 70% of the country. It is currently the only special economic zone in Cambodia and a bridgehead for China's โ€œBelt and Roadโ€. This coastal city is one of the most popular tourist destination of the Kingdom, thanks to its beaches of white sand and crystal-like water. Certainly, its unabated popularity of the tourism industry has increased apartment demand of Sihanoukville that greatly dwarfs the shorter supply. Therefore, house prices continue to soar. In addition, the thriving gaming industry and casinos have also created more investment opportunities in the city.ย Now here comes the Seaside resort apartmentยทHebei Finance Centre by Goddess Of Liberty Group Of Cambodia, offering the highest annual rental income in Cambodia, a return rate up to 17%!ย ย Seaside resort apartmentยทHebei Finance Centre by the Goddess Of Liberty Group Of Cambodia, is a Five-star plus luxury hotel apartment including luxury casinos, entertainment centers, stylish restaurants, sky swimming pools, high-end gyms and duty-free shops. The project is located alongside the Victory Beach in Sihanoukville, where the waterfront stretches for 100 meters with pure of white sand, overseeing the clear water and rich hue of sunset. ย Victory Beach is regarded as one of the ten most beautiful beaches in the world by the United Nations. There is no off-season in this place that it attracts a lot of Chinese sea-lovers to come and enjoy the leisureliness all the year.ย Whatโ€™s the potential of this project?ย ย Locationย Seaside resort apartmentยทHebei Finance Centre by the Goddess Of Liberty Group Of Cambodia is located in the heart of Sihanoukville, which is also the hub of city transportation, tourism, cargo business and administration. And it is believed to become one of the most important landmarks in Sihanoukville.ย ย The project is sitting by the intersection of National Highway No.4 and Huanhai Avenue, with convenient access to travel around the city or in and out. National Highway No.4 is one of the most important roads in Sihanoukville. The Phnom Penh-Sihanoukville Expressway, which has already started to construct, is running along Highway 4. And the circle of the Seaside Avenue connects to different parts of the city. ย ย ย Staying at the Seaside resort, just 200 meters west to the Victory Pier, means that you can easily sail out to enjoy a time of serenity on board.ย ย While it is 500 meters to the south of Sihanoukville Autonomous Port and 300 meters to the north of Provincial building, the residence is close to commodity trading and logistics companies or government agencies.ย Facilitiesย Seaside resort apartmentยทHebei Finance Centre by the Goddess Of Liberty Group Of Cambodia combines tourism, dining, shopping, leisure and administrative functions. It is close to Victory Beach, Independence Park, Provincial Government, National Treasury, Japanese restaurant, Bo Kee Restaurant, Victory Pier, Fisherman's Wharf, ABA Bank, gas station, Garage Bar, Night Market, Seafood Market and so on. And many more facilities for living are just 500 meters away!ย ย At the same time, the residence is a home to a series of facilities including luxury shopping mall, entertainment center, stylish restaurants, sky swimming pool, high-end gym and duty-free shops and other business venues, provides quality services to create an exclusive social and business integrated lifestyle for their elites.ย ย Details of the developmentDeveloper: Goddess Of Liberty Group Of CambodiaProject address: Eklahoma Street, Victory Beach, Sihanoukville, CambodiaTotal project construction: 93,769 sqm, includes 76,227 sqm for sale and 15,525 sqm of commercial areaNumber of apartments: 1619 units, of which net area rate is 77.5%Decoration: exquisite decorated areas ranging 30-70 sqmProperty service fee: $1/sqmArchitectural style: modern simplism styleBuilding block 1: 22-storey and 85-meter, Floor 1-4 are commercial, Floor 5-21 are 544 apartments in total, with 32 units on each floorBuilding block 2: 29-storey and 98-meter, Floor 1-4 are commercial, Floor 5-29 are apartments in a total of 1075 units, with 43 units on each floorย Two of blocks of the building will host 1,619 units of Five-star plus hotel-apartments exquisitely decorated and installed with a grand size of windpane in 2.2m * 3.6m, which introduces an ultimate panorama of seascape.The apartment is equipped with an all-angle, high-end and smart indoor alarm system for anti-intrusion and face-recognition security system at entrance to ensure the privacy and safety for every occupant. More than this, the rooms of each apartment also have smart air-conditioning system to temper your indoor climate that creates breezy and comfortable experiences days and nights at your Five-star hotel-home.Seaside resort chooses the international high-end agent to provide 24-hour intimate butler service, dedicated to the concept of โ€œthe strongest privacy, the highest security and the best managementโ€.ย Highlights of this developmentย Strata titles to this property are able to be inherited by the descendants, and the properties can be bought by a foreigner. Non inheritance tax.Annual rental income can be as high as 17%ย ย Charter of lease in minimal term of 10 years on annual rental yield is between 12-17%.ย ย Delivered in fully decoration, worry-free for procurement or decoration, is a big saving on time and efforts.ย ย Five-star hotel apartment operations and services provide property owners with one-stop housekeeping, escrow and finance settlement.ย ย Owning a property in Cambodia means you are having an asset in US dollar. Because Cambodia is the only dollar-denominated country in Southeast Asia so far, with no foreign exchange controls or exchange risk but stable currency system.ย ย On the other hand, Cambodia is a Non-CRS member states, known as โ€œLittle Switzerland in the Eastโ€, seems a safe haven oversea for high net worth individuals.ย ย Only once in a lifetimeย In the coming future, a new development occupied an excellent seascape will be impossible when the Cambodian government has stopped approving constructions within 100 meters from the coastline as an implementation of Cambodian national tourism new strategy. Seaside resort apartmentยทHebei Finance Centre is definitely a germ of investment in Sihanoukville.ย As a shining pearl in Cambodia, the development of Sihanoukville is limitless. With long and beautiful beach of white sand short in reach, Seaside resort apartmentยทHebei Finance Centre is taking in all of the possibilities to become a investment with stable, fast and highly rewards, the best investment in Southeast Asia!ย Seaside resort apartmentยทHebei Finance Centre by the Goddess Of Liberty Group Of Cambodia is offering all that an investor would want:Stunning seaside apartment small investment in about 90,000 usd with permanent ownership but coming with a big return up to annual rate of 17%.ย If you found useful information in these reports you'll love ourย Investment Guide 2019. It runs through nearly every topic and every sector in Cambodia.
Top 10 reasons to own a condo Cambodia
Top 10 reasons to own a condo in Cambodia
June 7, 2022, 3:35 a.m.
According to the latest report by CBRE Cambodia, as of Q4 2019, there are 17,995 condo units in Phnom Penh, a 27% increase from the same period in 2018 where there were 57 completed projects, offering 14,170 units.Condominiums are still new to Cambodia. Yet they are becoming an integral part of the real estate sector. For now, Boreys seem to be the most demanded form of housing among locals.1. Saving time for productivityLiving in a condominium can help save time for working professionals. Commutes are shorter if you live closer to where you work. Cambodiaโ€™s population is rapidly urbanising, especially those between the age of 25 and 40. These people want to improve their careers and build businesses. Being in the city helps them achieve these goals.2. Less houseworkCondos are relatively small compared to villas and standalone houses. There are no courtyards or driveways to take care of. This means residents spend less time cleaning and maintaining their homes. Furthermore, many condos offer cleaning services and utilities. Fewer hassles mean more time for yourself or your pursuits.3. More amenitiesCondominiums offer more luxuries than other home types. Having a gym, pool and meeting room right in your building means you donโ€™t have to travel as much. Plus, most also feature advanced safety features like CCTV and security staff. This means you have fewer things to manage while still retaining peace of mind.4. A sense of communityNeighbours can help you when you accidentally get locked out of your condo. Or maybe they become friends and you take turns hosting weekend barbecues. Condo buildings give you a chance to connect with other people who live in the same community.5. Facilities at your fingertipsCondominiums are often built in the CBD of a city. This means residents have access to everything the urban area has to offer. They can get there quickly, too. In Phnom Penh and Sihanoukville, central condos have access to tons of schools, hospitals, government offices, markets, restaurants, banks and much more.6. Buying a condo more beneficial than renting a luxury homeFor the same level of luxury, it can be better in the long run to buy a condo than renting a home. Monthly payments will be similar, but with the condo you will get future returns. For example, if you rent a twin villa, you have to spend between $1,500 and $2,000 a month. Mortgages on condos, on the other hand, can be found for under $1,000 per month.7. Return on investmentCondominiums can offer profits in two different ways. First, they simply appreciate in value as the years go by. Maybe you will choose to live there for 10 or 20 years. When you decide to sell you will get more than you paid. Secondly, you can lease the condo out instead of living there. Rental rates in Cambodiaโ€™s cities can range from $500 to $2,500. This means you can start getting returns of around 8% and 10% per year.8. Little maintenanceCondominiums do not require constant repairs. They are small and maintenance is usually covered, at least in part, by the building management.9. Low starting priceCondos are relatively affordable compared to landed properties. Indeed, in Cambodia, they are much cheaper than in other areas of Asia. Many condo units for sale in Phnom Penh sell for just around $60,000 per unit. It is a bit higher for units within the vicinity of the cityโ€™s CBD such as Chamkarmon district, on average a starting price is 100k for a one-bedroom unit.10. FlexibilityOverall, a condo offers more flexibility than landed property. The buying process is quicker and there are many choices and price points. Though boreys are growing in popularity in the outer regions and suburbs, although condos will soon dominate the cityโ€™s streets. Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now!Article by:
TCC, A Grand Mine of Wealth
TCC, A Grand Mine of Wealth
June 6, 2022, 5:02 p.m.
Property Reviews
A commercial space for only $6500?It sounds too good to be true!With a total investment of over $130 million, the largest international trade centre in Cambodia is coming.Beng Salang village in Russey Keo District, Phnom Penh City, was once the inland container depot (ICD) of the Autonomous Port of Phnom Penh. In 2013, ICD was relocated to Kandal province. Subsequently, Yunnan Shengmao Investment Co., Ltd. seized the strategic opportunity and drew up a blueprint for a largest global commodity wholesale centre that sits on the soil in Beng Salang village, which also will be built as the largest entertainment and shopping centre in the Kingdom.The project is a key development under a co-operation between Cambodia and China. This coincidesโ€œOne Belt, One Roadโ€ initiative. It will be a commercial landmark hosting over 10,000 businesses and more than 100,000 kinds of products!A new attraction hits the limelightThe Royal Palace of Cambodia is perched right on the confluence of the Mekong and Tonle Sap rivers. It is the ultimate presentation of Khmer culture and draws countless tourist each year.ย The Triumph Commercial Centre will take inspiration from features of the palace. It will blend tradition with modernity.Construction will occur on a 22,000 square metre plot of land. National Highway 5 is to the west and Highway 36 is to the south. TCC will sit at the axis of Cambodiaโ€™s global businesses. TCC will be the largest international commodity wholesale trade centre in CambodiaThe Phnom Penh Autonomous Port is one of the two ports in Cambodia. It yielded a net profit of $7.35 million in 2018, an increase of 36% year-on-year.Supported by advantages of the Phnom Penh Autonomous Port, the wholesale trade centre of TCC will introduce 10 business sections, attract 10,000 world brand, host over a million categories of products, and more than 100 million traders per year. This place will exist on a massive scale.Meanwhile, the developer of TCC is determined to create a safe, convenient, smooth and comfortable environment for traders, by adopting a secure surveillance system and a professional security team. The layout of the centre creates convenience via individual paths either for cargo handling and car parks or access for visitors. This modern trade centre will be managed with tech and highly efficient manpower, to ensure its unlimited prospects.The largest tourist and entertainment centre in CambodiaPhnom Penh City has been growing more prosperous and stronger under vigorous development. It has attracted business elites from all over the world. Russey Keo district was once an inconspicuous area. It is now hot for its profound potential and good opportunities for investment.The second phase of the TCC Triumph Commercial Centre is built to satisfy the need of modern urban life. It will include a culture museum, science and technology museum, children's amusement parks, sports plazas, a 2,000-metre Star-avenue, commercial pedestrian streets, pub streets, gourmet corridors, as well as high-end apartments and office buildings, five-star hotels, and more. This mega-complex will surely become the most popular tourist and entertainment centre of Cambodia.Invest in Unicom Global trade centre of CambodiaThe opportunity to be a part of this project is a once-in-a-lifetime chance. The TCC Triumph Commercial Centre is now up for sale. It is incredible that the smallest units of this project cost only $6,500, and comes with great potential, which is a boon for commercial property buyers.What is even better is that the One Belt One Road Business Support Fund by TCC provides a total of $200 million to enterprises or individuals to set up businesses at TCC. The fund will grant up to $20,000 per unit to outstanding businesses.This means that now you, a smart businessman, need only to invest a small amount of money to share the great advantages offered by TCC, and to fulfill your dreams. The offers from the fund will be closed, as soon as the number of applications reaches the maximum.Do not wait or hesitate. Grab the key to a place of treasure now! (Website: http://www.oiisc.com/)The Cambodia Home & Lifestyle Expo 2019 hosted by Realestate.com.kh will be held on April 26-27 at the International Convention and Exhibition Center on Diamond Island in Phnom Penh. Over 100 exhibitors and more than 10,000 visitors are expected to attend!OC CONSULTANCY SERVICES, a direct holding company of Overseas Investment Immigration Service Centre (Hongkong), has associated with TCC to be exhibiting at booths 63, 64, 77 and 78 at the expo.Free entry for everyone!For more details, please scan the QR code and consult the customer representative.
asian enclaves in Phnom Penh
Little Tokyo, Taipei, Manila and Seoul: Asian enclaves in Phnom Penh
June 7, 2022, 4:44 a.m.
Phnom Penh is still a small city by global standards. Current estimates put the city population at around two million. Compare that to over eight million for both Bangkok in Thailand and Ho Chi Minh City, just down the road in Vietnam.ย But those on the ground will tell you that Cambodiaโ€™s capital is somewhat of a hub for regional migration. Many speculate that this is because the visa process is simple, the economy is growing, and daily life is super affordable.Certain areas of the capital are emerging as enclaves within the city. Realestate.com.kh wants to give you a handy guide to these areas, and outline what housing in the area looks like.So, hereโ€™s your guide to Little Tokyo, Little Seoul, Little Manila and Little Taipei in Phnom Penh:Little TokyoThis isnโ€™t so much a single area as a single road. Simply start at the intersection of st 63 and st 466 just south of Mao Tse Tung and head north. Youโ€™ll see Japanese restaurants aplenty on either side of 63.The restaurants have actually spread out through BKK1 in recent years. They were once all concentrated near the Japanese embassy, however.ย Luckily, you can find great Japanese food here in every price range. If you want to spend a little more try Katanashi or Green Bowl. When looking for a quick noodle fix you canโ€™t go wrong with Murugame.Yuko, a Japanese expat who lived in the capital's BKK1, said Japanese restaurants were great if she wanted a little taste of home."The prices are quite fair so many of my colleagues also liked to go there, especially if they lived by themselves," she said, adding that her favourite places in the capital wereย Wako, Shangrila and Garaku.Living here can mean anything from finding a shophouse for rent in BKK1 to a serviced apartment for rent in BKK1. A quick way to get started would be to start looking at real estate for rent in BKK1.ย Little ManilaOne of the biggest Asian expat populations in Cambodia is Filipinos. Many find opportunities here teaching English or working for regional companies. Itโ€™s no surprise that a few restaurants have popped up to satisfy their taste for home. Most of these places are clustered around the Toul Tum Poung (Russian Market) area.ย Michael John M. Gonzales, the owner of the restaurant Mang Miguel Kainan, said the majority of his customers are Filipino expats. However, other expats also make up a larger part of their base.ย โ€œWeโ€™ve been running the restaurant since 2016. Initially, we chose this area because it is a well-known tourist spot. Over time weโ€™ve seen it become more of an expat area because of its convenient location, and a great place to live,โ€ he said.Indeed, this area is known for diverse food offerings and it one of the most popular for expats. Housing options here are mainly shophouses for rent inย Toul Tum Poung and apartments for rent in Toul Tum Poung.ย Read our profile of Toul Tum Poung to learn more about the neighbourhood. Also, find out what you should be paying in our expat rental guide to Phnom Penh.Little SeoulInterestingly, Toul Kork has been deemed the Korean enclave in Phnom Penh. North of Russian Blvd there is a smattering of restaurants serving up Korean fare. These include Dae Jang Geum, Heng Heng, Goong BBQ and Hwaro.ย Interestingly, Korean food may be the cuisine that has gotten the most traction with Cambodians. Some speculate that this could be due to the popularity of Korean pop music, television and movies that are popular among Khmer youth. In 2017 Phnom Penh even hosted a massive concert on Koh Pich Island given by CL, a Korean singer.Commenting on Korean food in Phnom Penh, local expat Jihye Kim claimed that it varies a lot in terms of price and quality.โ€œAuthentic Korean food is pretty expensive here. And the more affordable restaurants are catered more for local tastes,โ€ she said. However, she noted that Heng Heng, in Toul Kork, was one of her favourites and quite affordable."When I first walked in there, BAM, I was back in my grandma's kitchen."The fact that Korean restaurants have taken off in Toul Kork is a testament to the districtโ€™s status as a residential area for affluent families. As the middle class grows, more people want to live in quiet, secure areas which are still close to the city.To dive further into this quickly growing area, watch our video about real estate in Toul Kork. Despite being more attractive to local families, there are still plenty of options for expats there. In fact, apartments for rent in Toul Kork, condos for rent in Toul Kork, and even villas for rent in Toul Kork can be found quite easily. Overall, rentals in Toul Kork are more affordable than those closer to the centre of town.ย Little TaipeiThere are tons of Chinese restaurants in the city. If youโ€™re looking for hand-pulled noodles, dumplings or dim sum, there are many places you can find it. If you want a taste of Taiwan without getting on a plane, however, just head to street 225.Just south of Russian Blvd there a stretch of Taiwanese establishments serving up everything from radish cakes and beef noodles to scallion pancakes. Big names are Qian Chao and Lo Kang Seav Chen, or Taiwan FamilyMart if you need groceries.Just like Little Seoul, this area is in Toul Kork district, albeit the more central part. Rent here is usually significantly cheaper than in areas closer to the CBD. Read our Toul Kork guide to see what you should be paying. Apartments for rent in Toul Kork can start at around $300 per month, serviced places like condos for rent in Toul Kork can be found for as little as $700, and villas for rent in Toul Kork start at around $500.Phnom Penh, an international cityEveryone knows about the Western expat spots in Phnom Penh. But travel a bit further off the beaten path and youโ€™ll find that the city has tons of different cultures and cuisines. Visiting new and interesting restaurants is a great way to explore the city and try something new.ย Keep exploring and youโ€™ll find even more food from all over the world. Phnom Penh hosts people from Iraq, Armenia, Ethiopia, India, Nepal, and so many more places. And they all make amazing food.No matter where you want to live in Cambodia, make sure you know what you want. Use one of our trusted agents in Cambodia to find a place that fits you best.And, in the meantime, browse listings of expat rentals in Phnom Penh.
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riverside plots still awaiting development
Riverside plots still awaiting development
June 6, 2022, 5:02 p.m.
Phnom Penh is a city defined by rivers. It sits at the point where four waterways intersect. The Tonle Sap, Tonle Mekong Leu, Tonle Mekong Krom and Tonle Bassac all connect in the Kingdomโ€™s capital. Why then, is the riverside area still waiting to see major real estate development?Though there are a few ongoing projects there, and a few in the pipeline, the area has yet to take off in terms of investment. This sits in contrast to other areas of Phnom Penh such as the central business district, real estate in BKK1 and real estate in Toul Kork which have all seen numerous projects across many different industries.ย Koh Pich, on the other hand, may be an exception. It has flourished over the past few years. Along with other waterfront areas such as Chroy Changvar, Koh Norea and Areyksat it could take centre stage in 2019 and beyond.Sorn Seap, founder and CEO of Key Real Estate, said that Phnom Penh benefits from a large supply of riverside land. He claimed these locations were perfect for the development of high rises. Developers have begun to take advantage of land along the Tonle Sap and Tonle Bassac, he said, while land near the two diversions of the Mekong is largely undeveloped.ย โ€œKoh Pich and Chroy Changvar are seeing most of the activity. Developers aim to use any corridor in these areas for major residential projects,โ€ he said, adding that Koh Norea and Areyksat may have to wait for a major project.Koh Norea sits across from Koh Pich, where the Tonle Bassac splits off from the Mekong. Areyksat is on the far bank of the Mekong, a part of Kandal province.โ€œIt will take around ten years [for Koh Norea and Areyksat] to be developed. There is still more necessary infrastructure such as a bridge. This would lead to more real estate development, โ€ said Seap.In the pipelineRecently, Overseas Cambodia Investment Corporation (OCIC) announced through Fresh News a plan to develop a 100-hectare satellite city stretching from Koh Norea to Kean Svay district. This project will purportedly be developed in a similar fashion to Koh Pich.Teng Rithy, founder and chairman of R' Investment Group, claimed that the majority of the areas along the rivers are already earmarked for medium and high-rises.Rithy noted that the presence of OCIC project along Chbar Ampovโ€™s riverside will provide more value to the area. That area, he said, is already on the radar of many investors.ย โ€œOur city development is similar to the development of Bangkok or city development in Korea during the 1970s,โ€ Rithy noted. He said it was reasonable to assume that Phnom Penh would expand east, across the river, in the coming years.Echoing Seap, Rithy contended that more basic infrastructure was needed to provide incentive for projects.Diving deeper into the potential of the Chroy Changvar peninsula, James Hewson, manager of research and consulting at CBRE Cambodia, said that the area held huge potential. Land in Chroy Changvar is relatively affordable and plentiful, he said, while still being close to the CBD.โ€œOver 300 hectares of the OCIC project is located in Chroy Changvar and will come with mixed-use high rises. There are more opportunities for high buildings along National Road 6 as well,โ€ he stated.Seap broke down the price of land in various riverside areas of the capital:Koh Pich is the most expensive. Land there costs between $3,500 and $5,000 per square metre.In Chroy Changvar, he said, plots can be found for around $700 to $2,000 per square metre.Koh Norea hosts land that ranges from $500 to $1,000 per square metre, andAreyksat is one of the cheapest areas. Land there is nearly always below $500 per square metre.โ€œOver the next five years, many high buildings will be developed,โ€ Rithy said.โ€œThe riverbanks will become a part of the modern city.โ€ย If you want to look for real estate along the river, check out listings for real estate for sale in Daun Penh, real estate for sale in Chroy Changvar and real estate for sale in Koh Pich.
Four reasons why Chinese buy property abroad
Quick takes: Why are Chinese people buying property abroad?
June 6, 2022, 5:02 p.m.
After reading a few headlines you might think Chinese people are leaving their country en masse. But a quick glance at history books will remind you that thereโ€™s a huge legacy of emigration from the worldโ€™s most populous country.ย According to a 2016 report from the Transatlantic Council on Migration (TCM), 4% of all the worldโ€™s migrants came from China as of 2013. This puts it in fourth place of all the worldโ€™s source countries.More relevant, however, is the fact that those emigrating from China are mostly high-skilled individuals. The report showed that the emigration rate was 1.8% among those with high education.In Southeast Asia and elsewhere, the influx of wealthy Chinese means a rising demand for real estate and other investments. But why is there such an appetite for property abroad? Why not buy more property in China.Leading experts in the sector often cite four main factors incentives leading Chinese buyers:1. InvestmentDeveloping nations hold huge investment potential. Whatโ€™s more, many investors can tweak growth formulas that were previously used in China to find success in other countries.Many see real estate as one of the safest kind of investments, preferring it over stocks, bonds or currency. Chinese buyers are often shopping for affordable land. So, they often look to developing nations.Hang Sokunthea, research manager at Belt Road Capital Management, said that price point was a huge factor for Chinese property buyers coming to Cambodia."The price here is still much cheaper than their home country and Cambodia has stable economic growth and political stability. It is also important to note that the wave of Chinese property buyers is now a global phenomenon which has just slowly come to Southeast Asia and Cambodia," she said.2.ย  Boost their living standardThis can go hand-in-hand with investment. In China, an overseas property can be a status symbol. According to data published by Bloomberg, 70% of home purchases in China were either second or third homes.While developed countries like the US, UK, Canada, Australia and New Zealand hold prestige, having an additional home in a developing country can also be a signifier of wealth.3. MigrationChinese buyers often buy real estate if they plan to migrate in the future. This allows them to avoid the typical costs of renting property. Many migrate for job or business opportunities, or even retirement.ย Despite efforts by the Chinese government to increase employment, hiring is a highly competitive process. Therefore, to access more opportunities, many Chinese people move abroad, especially in labor-intensive countries.4. Pursue EducationAccording to data from the Ministry of Education of the People's Republic of China, as of April 2018, there were about 1,454,100 Chinese students studying abroad.ย Many wealthy Chinese choose to buy a home or apartment for their children who are studying in Western nations. The TCMโ€™s report showed that nearly a third of all the international students studying in the US in 2015 were Chinese nationals. Migration for education is also growing in Australia, the UK and Canada.Three out of four ainโ€™t badWhile Cambodia may not be a destination for education, it certainly hits on the other three factors. Given its proximity to China, it is certainly on the radar for those looking for a holiday home.Favourable investment regulations also mean the Kingdom is an attractive place to relocate for business. As more luxury buildings come online itโ€™s also a hotspot for investment properties.ย If you want more information about foreign investment read out Investment Guide. If you're shopping for a property start browsing new developments in Cambodia.
billboard for home and lifestyle expo
Property, cars, tech and more on offer at April Home & Lifestyle Expo
June 6, 2022, 5:02 p.m.
Realestate.com.kh is breaking new ground with its latest show, theย Home & Lifestyle Expo 2019. Excitement is already building as the biggest names in Cambodia are signing up to take part.Cambodiaโ€™s biggest real estate website has done shows in the past. The next show is expected to be bigger than anything before it, however.Itโ€™s happening at Koh Pich Exhibition Center, the countryโ€™s biggest hall, on April 26 and 27. The lineup already has the biggest stars of Cambodia real estate.ย Star-studded listThe Peninsula Private Residences is joining the show, along with KT Pacific, Koh Thmey, La Vista One, Angkor 4 Season Hotel, R&F Properties, V-House, 7 Residence, Borey VIP, PH Real Estate, LCJ - H.Y.O (Cambodia) International Real Estate Company Limited, Creed, Borey BTS, Prime One, The National Coast, BooYoung Town, Urban Village, Seara Sports and Arakawa Residence.Cellcard has already signed up to sponsor the event.ย Thereโ€™s still time to become an exhibitor at this massive event.ย Contact Realestate.com.khย if you want to boost your exposure, get tons of sales leads or activate your latest product.Speaking on the advantages of a real estate expo like this, Chris Hong, property consultant atย Prime One Real Estate, said that it is great to be able to connect with the market and meet directly with customers.โ€œBesides getting sales, of course, Prime One wants to show off its brand and company culture at the show. We can use it to see where the market is going and if weโ€™re lucky, maybe we can find other companies to partner with in the future,โ€ he said.Sokha Cheng, deputy sales and marketing director forย Creed Group, said her company has taken part in the last three shows hosted by Realestate.com.kh. They expect another high-quality expo at Koh Pich.โ€œWe are launching new phase of Arata Garden Residences at the show. We will have variety of bonus gifts and special extra discounts for any booking on the show days,โ€ she added.What can you expect?For this event, Realestate.com.kh is flipping the script. It wonโ€™t be just property sellers. There will be tons of lifestyle brands as well. Carmakers will be there, as well as phone companies, banks, home decor, designers, and much more."This event will have much much more of a local flavour with many more local property developments and boreys joining the show. It should be a great place for everyone from first-time home buyers right through to international property investors and affluent Cambodians. With this event it's like we are opening it up to the whole market, not just a portion of the buyer pool in Cambodia," said Tom Oโ€™Sullivan, CEO of Realestate.com.kh.The addition of lifestyle brands is a key component of the upcoming event. Atendees will have the chance to check out cars, motorbikes, technology and much more.Koh Thmey, for example, will be showing off their new Tnaot mobile app.ย โ€œIn the app, users not only get breaking news and videos, itโ€™s also a platform which allows users to post about their personal lives and businesses. Our concept is, โ€˜In just one app, you get everything done,โ€™โ€ said Heang Chanrotha, marketing supervisor for Koh Thmey.A gift for everyoneAlong with the huge one-time discounts that will be on offer, there will also be lucky draw prizes.Even if you donโ€™t win anything, you can get the gift of knowledge. The expo will host a full schedule of free seminars led by real estate experts. Tons of topics will be covered, everything from how to buy a home to international investing.ย So, thereโ€™s really no excuses not to stop in. Mark your calendars now so you donโ€™t forget.Make sure you go to our event page to sign up forย free express entry.Want to be an exhibitor? Donโ€™t hesitate to contact us: +855 78 637 323 (Khmer and Chinese) or +855 12 599 699 (English).
subway in paris
Vietnam ambitious to complete metro project by 2020
June 6, 2022, 5:02 p.m.
Vietnam is one of the fastest growing nations in Asia. Similar to Cambodia, it has hovered around 7% GDP growth nearly ever year for the last decade. Indeed, it is a hotspot for international investors.The country has pushed forward economic development to intice foreign investors. Among other things, this has led to more jobs in key cities. Ho Chi Minh City is one of these economic hubs. The metropolis now has more than eight million residents.To address the issues of traffic, congestion and pollution, the Vietnamese government has decided to build a metro project to in Ho Chi Minh. It is set to span around 20 kilometres, stretch across three major districts and cost around $2 billion.ย According to the deputy managing director of the Management Authority for Urban Railways (MAUR), the metro project is nearly 80% finished. A launch ceremony is planned for October of next year.ย However, the metro project has faced major financial hurdles. The Japanese International Cooperation Agency (JICA), which is carrying out the project, almost halted its construction at one point. Government sources have reiterated that it will be complete by 2020.Plans have also been announced for a major metro train system in Phnom Penh. No progress has yet to be seen as feasibility studies are still being conducted.ย  ย ย For more information about infrastructure across the regionk be sure to read our free Investment Guide 2019
Amara Residence
Amara Residence brings nearly 100 condos to BKK1
June 6, 2022, 5:02 p.m.
Phnom Penhโ€™s Chamkarmon district currently has the capitalโ€™s largest supply of apartments. There are 230 projects with 5,820 total units in the area.ย Toul Kork, in second places, hosts 1,446 units spanning 56 buildings. These numbers come courtesy of VTrust Appraisalโ€™s 2018 report.One project is set to add even more supply to the area. Amara Residence, jointly developed by Century 21 V-Heritage Home Realty and Chinese construction company CNE, will be completed by 2021. It is located in the popular BKK1 area and will host 96 units varying in size from one to four bedrooms. The units will range from 37 to 139 square metres, and the structure will be 25 storeys tall.Units in Amara Residence start from the price ofย  $1,900 per square metre.Meach Sokha, a representative of Century 21 V-Heritage Home Realty, said: "The condo project is designed to satisfy the needs of urban residents, especially young couples who value a comfortable lifestyle within the heart of Phnom Penh.โ€ย Sokha confirmed that the building will have full security, property management and safety measures.Rising supplyNews of the new condo complex comes as many experts expect the supply to skyrocket in 2019.Indeed, some say the capital is sitting on the edge of oversupply. A recent report from CBRE Cambodia shows that the supply of high-end spaces in the capital will increase by 243% in 2019.However, some are optimistic that the market will continue its rise.ย Un Khannaron, director of Elevated Realty, said that progress of residential and commercial buildings was a positive sign for the property market.ย โ€œIn fact, both the rent and sale prices in Boeung Keng Kang area are already high, but prices will continue to rise,โ€ he said.Khannaron claimed that foreign investment would continue to flow in, citing the fact that prices in Cambodia are still much more affordable than markets like China, Korea, Singapore, Thailand and Vietnam.If you're searching for condos for sale in BKK1, look no further. Realestate.com.kh is your source for all real estate in Phnom Penh.
border crossing at Poipet
Insider Analysis: Capital real estate following Bangkokโ€™s lead
June 7, 2022, 6:31 a.m.
Cambodia is experiencing a miraculous period of growth. Real estate is growing but the sector is still far from a mature market.ย Thailand, on the other hand, is a powerhouse market in Southeast Asia. Real estate there is considered more stable. The number of new projects and developments is, of course, greater.ย For the moment, investors still see Cambodia as a high risk, high reward location. Growth is faster than in Thailand, and the price for entry is comparatively low. But how else are these markets different?Realestate.com.kh met with Dr. Sopon Pornchokchai, president of Fiabci-Thai and a council member of the Asean Real Estate Network Alliance. He also runs an Agency for Real Estate Affairs based in Thailand. What similar points and differences do you see between real estate markets in Thailand and Cambodia? Is Cambodia following where Thailand was in the past?In 2009, I conducted a survey in Phnom Penh. I found that shophouses for sale in Phnom Penh made up most of the housing market, which is similar to Thailand in 1982.ย In 2015, I conducted another survey and found that condominiums for sale in Phnom Penh accounted for a third of the market in Phnom Penh. In Bangkok, they make up half of the market.ย Nowadays, condos could be around 50% of the formal housing markets in Cambodia. In Bangkok, I suspect they make up around 60%. Cambodia is growing more similar to Bangkok, but more infrastructure is needed.What are the strengths and weakness of the real estate market in Cambodia?The major strength is that the economy of Cambodia is getting better over time.ย  Affordability levels are higher than in the past. Cambodia also attracts a lot of investment, particularly from China.ย Indeed, Chinese developers may dominate the market, and this could threaten affordability in the long run.ย What do you think the Cambodia market will look like five to ten years down the road?Cambodia and many countries in Asean depend on the heavy investment from China. If trade tensions between the US and China continue, Cambodia could see negative effects. However,ย  if China remains strong Cambodia will continue to grow. On the brighter side, the tourism industry is seeing huge growth. More direct flights are coming here and we can expect more jobs in that industry.Could you tell us how the real estate market in Thailand is doing?ย The market in Thailand is still in a period of growth. There is a bit of uncertainty because of the political situation. Tourism is one of the strongest sectors there. Foreign buyers are also a large part of the market and account for around 20% of demand.Shopping centres and hotels are growing quickly. Industrial properties are also growing in the Eastern Economic Corridor.ย The residential property still dominates the market, representing 70%. Currently, there are over 450,000 housing units on the market worth a total of US$41 billion. Keep in mind, the average house price in Bangkok is $137,000.How do you see the Thai real estate market shifting in years to come?In terms of housing supply, I expect 3% could be an average growth per year. In terms of value, on the other hand, we could see 5% growth per year or even 6% ROI for owner-occupied condos. Returns on low-rise buildings could be as low as 2%, however.ย For commercial and industrial properties, I suspect the area near the border with Cambodia will be a hotbed of growth over the next decade.For more interviews and articles, check ourย news sectionย every day. You can alsoย sign up for our newsletterย to get news right to your inbox.
Koh Touch, Koh Rong Island
Koh Rong islands to form Kingdomโ€™s newest city
June 7, 2022, 5:37 a.m.
In May of this year, Koh Rong and Koh Rong Sanloem islands will form the newest municipality in Cambodia, according to a sub-decree released by the government in January.ย Previously, the islands were classified as communes within Preah Sihanouk provinceโ€™s Mittapheap district. Later this year, however, they will be classified as a single city and gain administrative power of their own.Many expect investments in the tourist industry to rise sharply after the islands become a city. But there are concerns over the status of land ownership on Koh Rong and Koh Rong Sanloem.The two islands have a combined area of over 100 square kilometres and are located 25 kilometres offshore from Sihanoukville.Currently, Koh Rong and Koh Rong Sanloem are comprised of four villages and two villages, respectively. The islands are home to around 4,000 permanent residents. They are two of the biggest tourist destinations on the Kingdomโ€™s southern coast.Thousands of visitors every dayChheun Chantha, commune chief of Koh Rong Sanloem, welcomed the plans. He expressed hopes that more real estate development would come to the area, in turn increasing land prices.ย He explained that, with new administrative management, the islands would need more government buildings and more infrastructure.Chantha claimed that land along the beach in Koh Rong Sanloemโ€™s Koh Touch village was currently selling for more than $1,000 per square metre. Land further in was going for between $100 and $200 per square metre. The price for land without a hard title, on the other hand, was just $20 to $50 per square metre.โ€œThe area is very attractive for tourism. On average, 2,500 tourists show up every day,โ€ he said, adding that around 75% of the visitors stay for at least one night.Accommodation on the islands ranges from $5 per night for a dorm bed up to hundreds per night for a luxury bungalow.Brad King, managing director at Sihanoukvilleโ€™s Cambodia Real Estate, said that making Koh Rong and Koh Rong Sanloem a single municipality will be good for the real estate sector.ย However, King noted that the real estate market on the two islands is still quite limited. He expressed concerns over ownership on the islands, adding that most landowners simply hold their plots instead of building on them.โ€œMost villagers donโ€™t own their land with hard titles,โ€ he said, adding that investors are waiting until they can get these before they make significant investments.Royal Group is one of the only major players to come to Koh Rong. It established a luxury resort on the island called Royal Sand.โ€˜No one keen to buyโ€™Commenting on the issue of hard titles, Chantha said that only a third of landowners on Koh Rong Sanloem held them.King, who has developed some of the only apartments on Koh Rong, said construction is a long and difficult process. Because of this, owners arenโ€™t willing to invest until hard titles are issued.โ€œIt took 60 boat trips just to bring materials for my apartment project,โ€ he said, adding that land prices were comparable to Sihanoukville at $2,400 per square metre.ย He claimed that if hard titles were issued, buyers would come in droves.โ€œNo one is keen to buy or invest on land without [full] legal ownership.โ€Sharing Kingโ€™s view, Den Sakal, CEO of Universal Real Estate, said that land transactions on Koh Rong have become stagnant. He claimed establishing a municipality would speed up activity.โ€œThis will buoy confidence from investors. At the same time, rental prices will increase and services will be upgraded to the next level to welcome more tourist,โ€ he said.Chantha agreed with the concern over hard titles, adding that undeveloped infrastructure, poor waste management, and illegal logging and fishing are other key factors holding back the islands.Besides making the two islands a single city, the sub-decree also adds two new districts to the map of Phnom Penh.ย The two new districts will be called Boeung Keng Kang and Kambol.Read the full story of the new BKK district. For more breaking news like this, check ourย news sectionย every day.You can alsoย sign up for our newsletterย to get news right to your inbox.
Sing Meng Telecomm
Sing Meng offers Cambodiaโ€™s first three-in-one telecom bundle
June 6, 2022, 5:02 p.m.
SingMeng Telemedia was the first company in the Kingdom to launch a Triple Play Solution. The three-in-one bundle has already turned the heads of hotels, condos and other local businesses.Launched in 2017, the Triple Play bundled internet, television and telephone service into one package. Behind the scenes, the program was based on brand new infrastructure of optical fiber, which replaced an outdated system and brought SingMeng Telemedia to the forefront of the industry.The high-speed internet offered in the Triple Play package is ideal for hotels, casinos, banks and many other businesses.On top of that, the bundle offers TV service with over 100 channels, video on demand, an interactive interface and direct access to YouTube and other web applications.Whatโ€™s more, subscribers with the full package can also access SingMengโ€™s Smart Community services. With this feature, the manager of a large hotel or residential complex can use the system to communicate with their customers. Our unique and customised TV interface will provide an opportunity for managers to promote their services, coordinate events and strengthen their brand image.Whatโ€™s more, subscribers with the full package can also access SingMengโ€™s Smart Community services. With this feature, the manager of a large hotel or residential complex can use the system to communicate with their customers. Our unique and customised TV interface will provide an opportunity for managers to promote their services, coordinate events and strengthen their brand image.The Triple Play and Smart Community arenโ€™t constrained by outdated technology. It opens doors to a new digital experience, into the ease of a faster, more reliable and enjoyable internet service. Itโ€™s time to take your customersโ€™ experience to next level.Also, 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?
Artificial beach
Proposal for $2 billion beach boosts Kampot land prices
June 7, 2022, 1:33 a.m.
Local media outlet Fresh News reported earlier this week that the government plans to spearhead the creation of an artificial beach in Kampot province. The eco-tourism project,ย worth an estimated $2 billion, is set to be six kilometres north of the town centre. Sinceย the announcement, land prices around the proposed site in Kep Thmey village have skyrocketed.In fact, the plan has been in the proposal stages since mid-2018, when it began at the provincial level. The beach area would cover 200 hectares in Teuk Chhou district's Boeung Touk commune.ย Over the last year, however, land prices have shot up in the vicinity.Sok Ken, founder of Kampot Property, said that plots have increased in price by up to 300%."Land along the seaside, which in 2017 could be bought for $35 to $50 per square metre, is now going for $200 to $ 50 per square metre," he said, adding that land along National Road 3, 1.5 km away from the coast has also jumped in price recently."It currently costs $70 to $100 per square metre. Previously, it averaged just $30."Areas within Kep Thmey village have also been earmarked for two other big projects.ย A deep-water port and a 1,000-hectare special economic zone (SEZ) are currently being built. The SEZ is being developed by a Chinese company.Ken predicted that over the next five years the area would evolve into an entertainment and tourist destination.ย He further stated that adjacent plots to the proposed beach have already been purchased by developers, who are planning investments.Additionally, he also sees that a large part of the land has already been purchased by the developers and is awaiting investment in the next step.Kampot province is one of the most popular touristย destinations in the Kingdom. Millions of visitors come every year toย see the province'sย nature. Waterfalls, beaches and Bokor Mountain are some of its biggest draws.ย To learn more about Kampot province read ourย guide about the province. Also check out this year's Investment Guide.
new district of phnom penh
BKK to become capital's newest district
June 6, 2022, 5:02 p.m.
The Ministry of Interior announced earlier this month that two new districts will be carved out of the Phnom Penh map.ย The sub-decree, which goes into effect in May, also establishes a single municipality comprised of the southern islands of Koh Rong and Koh Rong Sanloem.ย Boeung Keng Kang, formerly three separate communes within Chamkarmon district, will become a district of its own.The other new district, Kambol, will be made up of communes from Por Sen Chey and Dangkor districts.Included in the new Boeung Keng Kang district will be Boeung Keng Kang 1, 2 and 3, Toul Svay Prey 1 and 2, Olympic and Tomnub Teuk communes.ย The new Kambol district will take Kambol, Kantork, Snao, Phleung Chheh Roteh, Boeung Thum, and Ovlork communes from Por Sen Chey district. Prateah Lang commune, now a part of Dangkor district, will also become part of Kambol.In a recent interview with Radio France Internationale, Sak Setha, secretary of state at the Ministry of Interior, said that these communes have grown massively over the past few years. Public services, he said, would benefit from the new classifications.According to a 2017 report from the Ministry of Land Management, Urban Planning and Construction (MLMUPC), the Kingdomโ€™s urban population is set to hit seven million by 2030. The document further stated that more than 850,000 new homes would be required over the next decade.Chrek Soknim, president of the Cambodian Valuers and Estate Agents Association, said that the new district would not impact the real estate sector. Values would remain unchanged.However, he speculated that public services wouldnโ€™t be spread as thinly.Islands become cityUn Khannaron, director of Elevated Realty, said it was unlikely there would be any major change in the market due to the new districts.ย He said the BKK area already commands some of the highest prices in the city and hosts many new developments.Kambol district, meanwhile, could become a hotspot for industrial real estate such as factories and warehouses, according to Khannaron.Property ownership would carry over unchanged, he said, but any new transactions would soon take place in the new district offices.Besides creating two new districts in Phnom Penh, the sub-decree will make the southern islands of Koh Rong and Koh Rong Sanloem a single municipality.Additionally, Stung Treng, Kampong Thom and Pursat provinces will each add another district to their maps when the document is officially passed in May.For more breaking news like this, check ourย news sectionย every day. You can alsoย sign up for our newsletterย to get news right to your inbox.
Get more exposure than you ever dreamed of at the Home & Lifestyle Expo 2019
Get more exposure than you ever dreamed of at the Home & Lifestyle Expo 2019
June 6, 2022, 5:02 p.m.
Realestate.com.kh put on the biggest real estate events throughout 2018, and weโ€™re at it again this year. Weโ€™re now bringing a huge Home & Lifestyle Expo to the Cambodian market.Itโ€™s happening on April 26 and 27 at Koh Pich Exhibition Center. We expect double the foot traffic of previous shows. As always, attendance is completely free.We expect this event to have more local flavour than past shows. Of course, international investors and affluent buyers will be there as well. People from across Asia and all over the world will be there.We expect attendance to be well over 10,000 people. Local buyers will come in full force. Everyone from first-time buyers to affluent investors will show up. The focus will range from family homes to large scale investment opportunities. We expect over $20 million in property sales.This event can help you:ยท ย ย ย ย ย ย ย Boost your exposure in Cambodia and abroadยท ย ย ย ย ย ย ย Get tons of quality leadsยท ย ย ย ย ย ย ย Close major dealsยท ย ย ย ย ย ย ย Supercharge your numbers for 2019We want every kind of property at the show. Affordable housing projects will be there. There will be mid-range boreys, luxury villas, apartments and mixed-use developments. Real estate agencies, lawyers, banks, construction firms and architects will all be there.What about the lifestyle part? Weโ€™re bringing in car brands, technology, health, fitness, design, style and much more. Banks, lenders, professional services, and food brands have already signed on. Some of the biggest international brands will be there, too.Booth sales have already started. We will reach out to you shortly to discuss this amazing opportunity. Booths start at $1,500 ex VAT.Set aside the dates of April 26 and 27. Now is the time to start planning. This is going to be the largest property event in the Kingdomโ€™s history. The exposure you get at this event will take your business to the next level!Make sure you go to Realestate.com.kh to sign up for free express entry.Want to be an exhibitor? Donโ€™t hesitate to contact us. Early-bird discounts end soon. For more info call +855 78 637 323 (Khmer and Chinese) or +855 12 599 699 (English).
Realestate.com.kh show to span entire market
Realestate.com.kh show to span entire market
June 6, 2022, 5:02 p.m.
After putting on the biggest real estate events throughoutย  2018, Realestate.com.kh is at it again in the first quarter of 2019. Itโ€™s now bringing a huge Home & Lifestyle Expo to the local Cambodian market.ย Over 100 exhibitors will be on display over two days.ย On the property side of things, attendees will be able to check out affordable housing projects and mid-range boreys right through to luxury villas, apartments, mixed-use developments. Cambodia's leading real estate agencies, lawyers, banks, construction firms and architects will also be there.ย On the lifestyle front, attendees will be able to check out the countryโ€™s best car brands, latest technology, health, fitness, design, style and much much more.ย Mark your calendars for April 26 and 27 for the Realestate.com.kh Home & Lifestyle Expo 2019 at Koh Pich Exhibition Center. Attendance is completely free, so feel free to bring your friends, family and colleagues along!"It really is our intention to showcase the whole Cambodian real estate industry at this event. Previously, we hosted events in a hotel environment and they were really focused on international investors and affluent Cambodians" said Realestate.com.kh CEO Tom O'Sullivan.It is a dream event for those wanting to find the best property and the best prices. Many developers will be offering show-only discounts. Meanwhile, lifestyle brands are promising some of the biggest discounts ever seen in the Kingdom!ย Deals high and lowLocal buyers will come in full force. Everyone from first-time buyers to affluent investors will be there. Projects and products will cover the whole range. Everything from the most affordable to the most luxurious will be there.ย "This event will have much much more of a local flavor with many more local property developments and boreys joining the show. It should be a great place for everyone from first-time home buyers right through to international property investors and affluent Cambodians. With this event it's like we are opening it up to the whole market, not just a portion of the buyer pool in Cambodia," Oโ€™Sullivan added.Indeed, business people and investors from across the globe are flying in for the event. China, Hong Kong, Singapore, Taiwan, Malaysia, Thailand, Vietnam, Japan, Korea and more will all be represented.A growing reputationRealestate.com.kh held a landmark show late last year. That expo generated tens of millions of dollars in sales. This one is set to be even bigger. The company has moved up to Cambodiaโ€™s biggest expo venue and expects to pack it full.ย The Home & Lifestyle Expo is the third major show the company has put on over the past two years. Initial estimates show over 10,000 are expected to attend.Make sure you go to Realestate.com.kh to sign up for free express entry.Want to be an exhibitor? Donโ€™t hesitate to contact us. Early-bird discounts end soon. For more info call +855 78 637 323 (Khmer and Chinese) or +855 12 599 699 (English).
Realestate.com.kh join CVEA to boost real estate tech
Realestate.com.kh join CVEA to boost real estate tech
June 6, 2022, 5:02 p.m.
On January 21, 2019, Realestate.com.kh ย met with the Cambodian Valuers and Estate Agents Association (CVEA) to congratulate Chrek Soknim who has been selected as the president of CVEA. The two groups discussed ways they can work together to help develop CVEAโ€™s member capacity by improving use of technology in the industry.The newly elected CVEA president warmly welcomed the collaboration.โ€œCVEA really appreciates the presence of Realestate.com.kh. In just nearly five years in Cambodia,โ€‹ it has impacted the market hugely in term of bringing an online platform for buying and selling.โ€ย ย โ€œRealestate.com.kh has developed useful and user-friendly technology where not only local buyers, but also international buyers can look for and buy any type of property they want,โ€ he said, adding that everyone in the sector should focus on teamwork in order to move to the next level.Developing skills within the industry and boosting education will bring long-term benefits, according to Soknim.Moek Chenda, founder of Reaestate.com.kh, added that collaboration was key to improvements across the board.โ€œWe want to work closely with CVEA because we believe we can lead the market toward sustainable growth,โ€ he said.ย ย โ€œWe have been working together a few years now and still need to cooperate to address challenges. The outcome will be a better digital real estate market.โ€โ€œAs a tech firm, our aim is to help each of our clients transform from a traditional business into an operation with their own online platform.โ€One major goal for Soknimโ€™s term as CVEA president is to boost the human resources within the real estate industry. He has called for greater training and a higher level of professionalism.Also, 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?