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

Poipet, a gambling, economic, and transportation hub which hosts Cambodia’s main crossing to Thailand, will soon have its first airport.The Cambodian government recently gave its approval to Poipet Airport Investment, a locally-owned entity, to undertake the massive project on more than 100 hectares of land in the Kingdom's Banteay Meanchey province.Sinn Chanserey Vutha, spokesman for the State Secretariat of Civil Aviation (SSCA), recently told local media that the same group received permission from the government to build an airport a decade ago. The plan was stalled for various reasons, however.“Actually, the company got permission to build the airport in 2007. They now want to start building, so they were required to submit the project for approval once again,” he said.Chanserey Vutha noted that Poipet Airport Investment already owns the land where the new airport is set to be built and that it is in a good position to undertake the project successfully."From what we know, they have the resources to complete the project,” he stressed.The project is expected to have a total investment of $40 to $50 million. Some reports have pegged the project costs at $45 million.Chanserey Vutha claimed that construction will begin in two years and aims to be finished in three to five. The planning and design stage is slated to begin next year and construction will commence in 2020.The project is expected to include the construction and installation of runways, a terminal building, a control tower, navigational aids, radar and associated air traffic control equipment.The proposed Poipet airport will mostly cater to domestic flights. Chanserey Vutha said it will be able to handle such jetliners as the Airbus A320 and Boeing B737. These two aircraft, which are known for their reliability, low fuel consumption and relatively easy maintenance, are popular with many regional and local airlines which use them for medium- and short-range route.Hopes that airport will boost Poipet's economyReactions to the Poipet plan have mostly been positive.Chanserey Vutha said it will help boost tourism and other commercial sectors in Poipet, noting that many special economic zones (SEZs) are located in Banteay Meanchey province.A host of eco-tourism sites, historic temples, wildlife sanctuaries, and other tourist attractions are also located in the northwestern province. While not as popular as those found in Siem Reap or Sihanoukville, they are slowly catching the eye of local and international visitors.There are currently four SEZs and one industrial zone in the province, including Poipet O’Neang SEZ, Poipet PPSEZ, and Sanco Cambo SEZ.Banteay Meanchey Deputy Governor Oum Reatrey said it will make travel to and from Poipet easier for those with business in the area. “It would improve transportation from Phnom Penh and Preah Sihanouk province for investors and businesspeople in the province,” he said.Aside from local entrepreneurs, there is also a sizable group of foreign investors in the province, mostly Chinese or Japanese who operate factories or other commercial endeavours within the SEZs.For his part, Ho Vandy, secretary-general of the Cambodia National Tourism Alliance (CNTA), told local media that the new infrastructure will be a boon to the town’s booming gambling industry.  “I believe the airport is a great idea because it will reduce transportation times for those that want to come to Poipet for gambling,” he said.Vandy said a new airport will benefit Poipet and the rest of Banteay Meanchey province.“Because of its proximity to Thailand, the province is of great interest to companies and investors. The new airport would allow businesspeople to travel from Thailand to Poipet in less than 30 minutes,” he pointed out.Poipet is in the middle of an economic boom, fuelled by investments in the manufacturing, real estate, tourism, and other sectors.There has been a flurry of airport improvement, construction and proposals in the Kingdom since last year.All three of Cambodia's international airports have undergone improvements this year. Additionally, plans have been announced for new airports in southern Koh Kong province and in Kandal province just south of the capital. Many have speculated whether the massive Kandal project will ever see the light of day. If completed it would become one of the largest airports in the world.Search properties for sale in Poipet and current properties for rent in Poipet!

PHNOM PENH: This year’s Realestate.com.kh Expo represents one of the largest real estate sales event in Cambodia’s history. The gathering of industry experts, developers, agents, international investors and local home buyers should surpass record sales figures from 2017’s expo. Initial estimates show that the event is set to break $25 million in property sales,  and could see as much as a 50% increase in transactions over last year’s event.Taking place at Phnom Penh’s NagaWorld Hotel & Entertainment Complex over the weekend, the occasion hosted over 5,000 attendees, half of which were international property investors from across the Asean region who travelled to Cambodia for the event.Tom O’Sullivan, CEO of Realestate.com.kh, said: “Attendance increased by about 25% over last year as 5,000 people attended the expo. There was an almost even mix of international investors and local home buyers. Developers generated thousands of leads and we expect to exceed $30 million dollars in property sales, which will be an increase of $10 million over last year’s event.”One of the standout exhibitors this year was the New Nordic project, which closed a deal worth $500,000 and expects to close four more this week. Additionally, Woodland Residences fully sold a unit and is set to finalise nine other deals shortly. The Kingdom’s Creed Group booked a whopping 10 reservations, Morgan Tower sold four units, SEAPS’ LZ Sea View Residences sold three units and The Parkway took deposits for two units and scheduled seven site visits.Prince Real Estate reportedly has over a hundred new sales leads and has booked a handful of site visits. The Dubai, US project says over 150 sales leads came out of the event, 20% of which have a very high buying potential. V-House, meanwhile, sold two units, Paoly Mansion got 55 leads and three reservations and Royal Park got 40 new leads and confirmed one sale worth $50,000.Cloud Coast also bagged 210 leads for their upcoming project.PPC Bank, another exhibitor, registered 10 new accounts and began the process for two major home loans. Other banks present, such as ANZ Royal and RHB Indochina, were on hand to give attendees a place to learn about loan opportunities. Representatives from Homeloan.com.kh also manned a booth to inform about various financing options.The massive event wasn’t just be about buying and selling real estate, either. Free seminars were available in Khmer, English and Chinese during the two-day event. Particularly lively was the joint session led by Oknha Cheng Kheng and Oknha Ly Hour. Oknha Cheng Kheng is the chairman and CEO of CPL Cambodia Properties Ltd. Oknha Ly Hour, president of Ly Hour Group and the Housing Development Association of Cambodia, said: “Thank you to Realestate.com.kh for organising this event which is very good for investors, developers and the public.”Other speakers in the seminar room included Guillaume Massin, the managing director at DFDL law firm, who spoke about legal frameworks for investment; Simon Griffiths of Urban Asset Solutions, who did a rundown of the local retail sector and Alice Hsieh from Position Property. She gave attendees a closer look at opportunities in Brisbane, Australia.Realestate.com.kh will be releasing both videos and articles about the seminar speeches over the coming months.According to Realestate.com.kh’s O’Sullivan, the occasion gave everyone in the industry a deeper look at the Kingdom.“When investors arrived in Phnom Penh for our real estate show, they were able to understand the infrastructural improvements that are transforming the country into an economic hub. This exposure to Cambodia will give them confidence to invest in property here.”Meanwhile, the event offered local Cambodian home buyers the opportunity to see projects that covered a variety of price points. The rising Cambodian middle class was in clear focus for sales teams.The show was made possible by sponsors Ezecom, the Kingdom’s foremost internet service provider, and Belt Road Capital Management, a private equity investment manager with a deep understanding of the Greater Mekong Sub-Region.Co-sponsoring this year’s proceedings were law firm DFDL Cambodia, Lumiere Hotel, Cambodia Bayon Airlines, property management app PropEase, the Kingdom’s China Duty Free (CDF) and Aruna Natural Water.The roster of exhibitors shows all the biggest names in the Kingdom right now including Creed Group, Orkide Villa, Sofitel, The Peninsula, The Penthouse, The Parkway, The Palm, Aristo Developers​, One Park, Phnom Penh Harbour, Le Bassac, North Park Condominium, Sabay Osja,  Aming Holding, Residences Bel Air, Pafilia, Position Property Services, NC Maxworld, SEAPS (South East Asia Property Services), 88 Suits, Seara Sports Engineering and Recreation Asia Cambodia, OneDa, The Room Design Studio, Cloud Coast​, Naki Group, Naki Realty,​ Avic Intl, New Nordic Group, Morgan Tower, The Spring Villa, PropEase, Angkor Grace,Yuetai, Tnaot News, Skyland Condo, V-House, Prime One Real Estate, Maison M Poly, Tasaki, Century 21 Fuji Realty, Sabay Osja, RS Residence, 995 Home, Prince Huan Yu, OC Consultancy Services, Ezecom, Silversea Media​, Baoli,​​ Silver Craft Technology, Khmer Amrith, Flat house & Vila Star Gold, Mekong View Tower, Royal Park, France Batiment Industrie, CPL Cambodia Property Limited, Sing Meng Media, Homeloan.com.kh, Realestate.com.kh CRM, ANZ Royal, PPC Bank and RHB Indochina Bank.Media partners for the huge expo were Thmeythmey.com, Propertyarea.asia, Fresh News, Eurocham, Biz Khmer, KHB Media, Business Cambodia, The Cambodia China Times, Forward Asia, The Khmer Times, Nice TV, Cambodia Sin Chew Daily, Gold Zone Media, Grep Tech, Jian Hua Daily, B2B Cambodia, Angkor Today, The People, CTN TV, 58.com, Sabay, Khmer Load and MyTV.Realestate.com.kh will soon be announcing a full lineup of events for next year. Building on the strength of the expo, all the events are expected to grow in both size and scope.For more information please contact:(English and Khmer) Nara ChengE: nara.cheng@realestate.com.kh016 333 717(Chinese) Carrie Sun  E: carrie.sun@realestate.com.kh 010 897 886Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info…Looking for real estate for rent in Cambodia or real estate for sale in Cambodia?

As Cambodia’s economic growth is moving at a rapid pace, many property developers have noticed increasing demand for affordable residential properties. At the same time, many investors have built more real estate products for local home buyers.However, young Cambodian buyers in the medium to low salary bracket need a strong budget plan for long term financial solutions when they consider buying property. Property owners may also have to address the issue of fund shortages through a collateral loan which will bring up an evaluation.Here is a recommendation for homebuyers:PPCBank offers customers home loans, borey loans, condo loans and free consultations!If you are looking to buy a house or a property in a borey, PPCBank’s home loans and borey loans are specially designed to further support all customers’ needs. PPCBank's Borey Loan offers​​​​ up to 80% of the total property value with interest rates starting at 0.65% per month, with a reimbursement period of up to 20 years.PPCBank will be participating in the most prestigious real estate show in Cambodia, Realestate.com.kh Expo 2018, which is coming up on October 19 and 20 at Nagaworld, to provide every visitor a practical and convenient financial solution together with a free consultation. You can visit PPCBank at booth 17 and 18. In partnership with 9Base Real Estate Solution, PPCBank will help consult with visitors on how to get a dream home free of charge!Swing by PPCBank’s booth!Founded in 2008 as a retail financial group, PPCBank is dedicated to providing the best services for the average Cambodian and also to promoting small- and medium-sized enterprises by enabling sustainable growth with changes and innovation.To be the best retail bank in Cambodia and across Southeast Asia, PPCBank builds relationships in order to close the gap between the bank and valued customers by using closeness and trust.PPCBankWhen you are ready to consider a loan more seriously, we can even put you in touch with Cambodia’s leading lenders

Numerous British companies engaged in construction and related businesses are interested in doing business in Cambodia.The British construction companies’ interest in Cambodia was revealed during a meeting early this month between a visiting trade delegation from the United Kingdom and top officials from the Ministry of Commerce (MOC) headed by Minister Pan Sorasak.During that meeting, UK Trade Envoy Edward Vaizey and British Ambassador to Cambodia Tina Redshaw said: “Currently there are many British construction companies looking for opportunities to enter into Cambodia’s market in order to bring modern technology and new architectural skills to develop the construction sector which is now booming.”Buoyed mainly by massive infusions of foreign capital, Cambodia is in the middle of a building boom that is forecasted to continue into the foreseeable future. Previously empty skylines in Phnom Penh, Sihanoukville, Siem Reap, and other urban areas are now full of high-rises and various types of residential, commercial, and mixed-use developments.The officials did not specifically mentioned the British construction companies eyeing the Cambodian market, but most likely they include some of the top names in the British construction industry.  If they push through with their interest to enter Cambodia, these companies will join a long list of foreign construction companies doing business in the Kingdom.In the first half of last year, the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) registered 966 construction companies, 408 of them foreign construction firms.These foreign construction companies are mostly from China, Korea, Japan, the United States, Singapore, Thailand, Malaysia, and Europe. Among the most prominent names are MCC Overseas and China State Construction Engineering Corporation of China, France-based multinational Schneider Electric, and Thai Gypsum Products, the Thai subsidiary of French building materials giant Saint-Gobain.With the UK among global leaders in construction technology, the entry of more construction firms from that country could be a boon for Cambodia’s growing real estate sector, which at times has been plagued by poor construction standards and technology. The British are known for building high-quality infrastructure that incorporates many of today’s most advanced construction technologies.The British Chamber of Commerce of Cambodia (BritCham Cambodia) lists 78 UK-affiliated companies as members, including some in construction and real estate.  Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info…Looking for real estate for rent in Cambodia or real estate for sale in Cambodia?

Royal Park Condo is one of the most elegant and high-tech home options for young buyers who crave a trendy and urban lifestyle which suits their unique personality.The project specialises in bringing charm and quality to a manageable space. It will feel cosy and comfortable under the 3.5-metre-high ceiling, and even offers a mezzanine that can be used as a guest bedroom or as extra storage.The project sits on a prime location in Toul Kork district, a developing residential and commercial zone in the heart of Phnom Penh. Adjacent to road 608, the Royal Park complex is surrounded by convenient utilities such as education institutes like RUPP, ICT and Zaman International School, Victoria Hospital, Oriental Culture Plaza, Parkson Mall, TK Avenue, international kindergartens, banks and supermarkets, all within arm’s reach.Royal Park is comprised of 293 condo units spread over 27 storeys. The units are exquisitely designed and range from 33.6 to 49.95 square metres. Each condo features a lovely terrace, which brings the city skyline into view, one comfortable bedroom, a kitchenette and a bathroom. The high ceiling and upgraded decor present a spacious and modern home that holds untold potential for custom layouts.Royal Park has facilities that will fulfill your appetite for leisure. Like other top-tier residences, it boasts a rooftop pool, fitness room, bar and restaurant, hotel rooms and a multi-storey car park. Everything is connected by high-tech elevators.Further, Royal Park’s property management team is world renowned and will fast track the value of the space to another level.About the developerRoyal Park is being developed by (智禾永图) Angkor Meas, an experienced property developer based in the capital. Angkor Meas is dedicated to establishing urban residences, especially those focusing on economic construction, high-tech spaces and intelligent community products.Royal Park Urban, a residential project targeting Cambodia’s young generation, launched this year and is the first branded product associated with (金米) Golden Corps Property Co.Collaborating with some of the most well-known Chinese property developers, (智禾永图) Angkor Meas has completed more then one million square metres of space to date.At the upcoming Realestate.com.kh Expo, held at NagaWorld on October 19 and 20, (智禾永图) Angkor Meas will present their latest project, the Royal Park Condo, set for completion in 2020. The project is sure to be a great investment opportunity.Don’t wait to ride the wave of growth that the Cambodian property sector is experiencing. Come join us to hear about this exciting and affordable space at the Kingdom’s most prestigious real estate show.Find the new development on Realestate.com.kh

Over the last few years, we have seen a steady increase in the growth of Cambodia's real estate sector. And now, Ming Hour Group Co., Ltd. has decided to invest more than a million US dollars to develop a condo in downtown Phnom Penh which is affordable for customers.In fact, on October 5, the company officially launched the Minghour Condominium project, a luxury condo development located on Street 336 in Tuol Kork district's Sangkat Beong Salang. The launch ceremony was presided over by His Excellency Leang Munyrith, secretary of state at the Ministry of Land Management, Urban Planning and Construction. The Minghour project began construction on December 26, 2017, and the building is centrally located in Phnom Penh, only 300 metres west of Deumkor market, surrounded by shopping malls, schools, hospitals, banks, restaurants, and five-star hotels. Nearby city bus stops and other transport hubs are scheduled to be completed in mid-2020.The company offers a wide range of units, such as studio rooms, and one- to three-bedroom spaces, with unique designs that feature all modern conveniences. The company provides a number of high-quality appliances to customers such as a stove and closet made from high quality recycled wood with a stylish design. Rooms come standard with a luxury Indian-style bed design and residents have access to a large gym, steam sauna, jacuzzi, mini mart, and relaxation areas at the Sky Bar and swimming pool on the top floor.With price tags of $35,998 or less, payment is simple and can be tailored to every customer's preference. There are four payment plans that provide convenience for every budget. Finally, you can visit the showroom, located on Street 163, next to the pagoda, 100 metres high, University of Human Resources. For more information, please contact us at 081 558 789 and 017 558 789 or visit the Minghour Condominium Facebook page, which will bring the latest updates on the Minghour condominium project. With Minghour “life is easier”.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info…Looking for real estate for rent in Cambodia or real estate for sale in Cambodia?

The team at The Room Design Studio is honoured to be named one of the top five best design companies in the world in the Housing Design Challenge 2018 organised by Building Trust International, UNDP and PPSEZ.Our proposal for model social housing in Cambodia is an expression of the company's design approach. The rapid development of Phnom Penh’s garment and textile factories, combined with the breakneck expansion of the city’s urban areas has meant poorly-planned and inadequate housing, basic services and infrastructure for many of the city’s residents. The proposed design aims to provide a benchmark development to ensure quality of life and security for future residents. Moreover, approximately 80 percent of the future residents will be female workers, so their needs make up the heart of our design for the City for Women project.We analysed the typical daily life of a female factory worker and designed the city to improve on every aspect of it. The design proposal focuses on basic housing conditions and future family growth, with special attention paid to social interactions. The project is filled with public spaces, crucial to a healthy and sustainable urban environment.City for Women is designed to meet the density requirements and budget constraints of the design brief while ensuring consideration for construction materials, adequate accessibility and local climatic conditions. We proposed more than 3,000 affordable apartments, with flexible space usage adjusted to local building traditions and conditions. City for Women is a City for All.The Room Design Studio is an international architectural practice which was founded in Cambodia in 2008 and is committed to promoting sustainable design using a local vernacular. Among many clients, The Room has cooperated with UNDP, Cambodia Airports, Hongkong Land Group, BMW and Unicef. The driving ideology is to create high quality architecture for a broad spectrum of design topics from residential, commercial and hospitality projects to community and social schemes. The Room Design Studio is focused on creating highly human-centric spaces with sensitivity and receptivity to support the development of the space and place based on equitable cohesion and mutual understanding.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info…Looking for real estate for rent in Cambodia or real estate for sale in Cambodia?

Anyone who has been to the Chinese city of Shanghai knows about Lujiazui, the bustling new financial district of the world’s second most populous city.The Kingdom’s capital of Phnom Penh, often dubbed the Paris of the East, has its own upcoming business district that seems to be following in the footsteps of Lujiazui. Morgan Tower is one project on the horizon that will take the capital’s skyline to a completely new level.Backed by China’s Morganford Group, the 210-metre Morgan Tower is expected to cost US$160 million and will feature Super 5A office space, luxurious Sky Villas, honourable Air Club, ecologically intelligent “coat”, a spacious parking lot and plenty of elevators and other business-level hallmarks to become a world-class asset and unforgettable landmark.Located in the heart of the capital’s Diamond Island, Morgan Tower will be among some of the most expensive land in the country. The view itself will be worth the premium, however, as the high rise will host a panoramic view of the entire city, the riverside, government buildings and embassies in the same area.Morgan Tower’s Super 5A office space offers up a luxurious 60,000 square metres and, along with the Sky Villa residential units, comprises the majority of the building’s 85,000 square metres. Permanent freehold ownership is on offer in the project.Needless to say, the prime location and magnificent scale of the skyscraper will make it one of the highlights of Phnom Penh’s skyline in the comings years. Touted as the “dragon securing its diamond”, Morgan Tower embraces the surrounding waterways of the Mekong, Bassac and Tonle Sap rivers.The tower is poised to become an attractive location for international corporations and elite enterprises seeking to make their mark in the region. For residents, the space will represent the highest standards of urban life. It will be decked out with the latest facilities and be within arms reach of all the amenities and services offered in the capital’s BKK district.Synergy from eight defining factors puts Morgan Tower into a category of its own. It blends traditional design, low energy costs, a modern eco-functioning outer wall, a trendy sky club, a 12 metre high main hall, adjustable layouts, high-speed elevators and top-notch property management to bring the utmost value to residents and visitors alike.The first 31 storeys of Morgan Tower are home to the Super 5A office space, above which sits eight storeys of Sky Villas. The building is capped off by three storeys of clubs and everything is connected by 15 high-speed elevators. Each of the building’s floors is approximately 2,000 square metres and comes equipped with air conditioning, glass wall for a spectacular view, custom design elements, smart home features and 17 security measures. Every villa resident will have everything they need to live a truly wonderful life in the capital.Morgan Tower’s club, taking up 4,000 square metres, presents a wealth of deluxe facilities including a rooftop sky bar, Michelin-class restaurant, infinity pool, VVIP room, helicopter pad and connected business centre.Two types of office space are on offer in Morgan Tower but layouts in both can be customised to fit the exact taste of their occupants. Type A spaces subtly separate active and quiet zones inside their 210 square metre floor plan. Type C, on the other hand, bring simplicity to their 161 square metre spaces, which are compact yet practical for large companies.About the developersMorganford GroupThe Morganford Group has been devoted to building up a business empire based in the commercial property, finance and healthcare sectors. Their core values come from principles of commerce and they have been following a rapid pace of development and renovation since gaining a foothold in Cambodia a decade ago.Some of Phnom Penh’s most renowned landmarks have come from the group’s collaboration with local developer Canadia Group including Canadia Tower, Olympia City and a replica of France’s Arc de Triomphe on Diamond Island.Solo developments from Morganford Group in the last few years include the Morgan Business Center, Morgan Science and Technology Entrepreneurship Center, Morgan Commercial Building, Morgan Entertainment Hotel and Morgan Chinatown Entertainment Hotel.Canadia GroupFounded by chairman Pung Kheav Se, Canadia Group has been one of the leaders in Cambodia development, with its core businesses in banking, finance, infrastructure, real estate and satellite city developments.As the owner of Canadia Bank, Canadia Group has established and managed iconic properties in the Kingdom such as the Culture Village in Siem Reap, Canadia Industrial Park and Diamond Island. Recently, the group founded Cambodia Airport Investment in order to build a $1.5 billion, 2,600 hectare airport in Kandal province just outside the city. It is set to be one of the largest airports in the world.Architect: HKS ArchitectsUS-based HKS Architects is one of the top five firms of its kind in the world and operates 24 studios across the globe. More than 1,500 of its designs have come to life in 92 countries. They stand out from the pack with their vast portfolio of headquarter office buildings, sport stadiums, hotels, resorts and casinos. Most notably, they are behind The Venetian in Macao, Tianjin’s Rose Rock International Finance Center and the headquarters of the Lear Corporation in Detroit.Structural Designer: Clover Architectural  Design LimitedConstruction Consultant: China Haicheng Engineering Technology Co LtdChina Haicheng Engineering Technology Co Ltd, a subsidiary of state-owned Haicheng International Property Investment Institute of China, is one of the biggest contractors in China. They provide consulting, design and building services, and hold a stellar reputation as a China 500 Constructor and top 50 design consultant.Property Management: CBRE Real Estate Agent CambodiaAdvantage Property Services Co Ltd is a real estate agent group based in Phnom Penh, Cambodia. Advantage is an affiliate of CBRE Group Inc, a Fortune 500 and S&P 500 company which has been operating in the US for over one hundred years. With more than 450 offices worldwide, CBRE offers strategic advice, expert execution, research and consulting for investors, owners and lessees.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info…Looking for real estate for rent in Cambodia or real estate for sale in Cambodia?

Are you still living in a rental house?If yes, have you ever thought about owning your own apartment for a great living experience? Or have you been searching for an opportunity of investment for a healthy return on investment  in Phnom Penh?Here is a good idea!The Parkway, which is a project situated in the most desired area in a part of Phnom Penh  City Centre, is set to offer an affordable home for expatriates or Cambodian emerging middle class.Strategically located in Touk Korh district, the Parkway, project is a mixed-use development, composed of one 36-storey commercial tower, and two residential complexes, each consisting of 26 and 30 storeys. The project will have a total building area of 170,000 square meters and is expected  to complete by 2020.The Parkway is now offering its potential buyers a first time promotion at an upcoming  Realestate.com.kh Expo 2018. For early attendees to the show are available to secure one Parkway’s unit with a deposit of $500 which would be equal $5,000. On the other hand, buying without down payment is what clients prefer when they need a home loan for the deal. This makes the project more feasible to a real home buyer.As for international investors, they are guaranteed to offer conspicuous advantages. The relatively low prices and high potential for property appreciation has become a common trend in Cambodia at the time of booming economy which is attracting many oversea property buyers, particularly from China.The property appreciation of 10-20 percent per year and guaranteed rental return of  8-10 percent per year are estimated for properties along prime locations in the capital where condo and apartments are occupied  up to 90 percent. According to the overview of Chinese people, it seems that the trend of development in the Kingdoms’ capital today is similar to what China’s major cities did in the last three decades. Thus, with the prime location and high quality construction, the Parkway promises its buyers an affordable home with long term benefits.The Parkway is located on the main street of 273 and situated next to the distinct TV cable tower which is also known as the heart of Toul Kork. Besides being highly recognized by public as the CBD area, the location is also surrounded by neighbourhood facilities such as sports, education, leisure, entertainment and landscape. It is only 7 kilometers away from the BBK hub, about 3 kilometers away from Wat Phnom and Central Market,  and just 7 kilometers away from Phnom Penh international airport.During the show, the developer is providing two types of condo units on sales promotion, including  50 sqm moderate luxury and 65-87 sqm spacious luxury units. All of these units are designed with high standard materials and also equipped with brand new facilities. This project dedicates to make a product with the most sophisticated concept design and high tech. The project also features a combination of recreation amenities, including a rooftop eco-garden, club with wine bar, cigar bar, fitness room, and topnotch infinity swimming pool that sizes of 1,000 square meters.Occupants will access to a well home services and international property management services.In regard to property management services, the company will cover every aspect for investors in terms of lease, such as lease agent, property maintenance, tax and payments, law consultation. This means you could be anywhere while your interest on your property is maximizing and your freehold ownership is secured.The project contains an exciting commercial space where occupants would enjoy the convenience of its shopping mall, supermarket, catering, boutique shops etc. And it also close to Aeon 2, TK Avenue, Chinese wholesale center which is  just 10 minutes away where occupants can enjoy all the way of life in the city.Surrounded by international schools, kindergartens, and higher educational institutes, such as Beijing International School, RUPP, Zamen International School and Western International School, the Parkway is really provide a great advantage for residents in term of educational environment.The Parkway is going to present its best features at the biggest property show, the Realestate.com.kh Expo 2018, that is coming on 19-20 October at Nagaworld 1 in Phnom Penh.Apart from the promotion, the Parkway also provide lucky draw to attendees who buy a property in the place.Visit the Parkway’s booth at the show for more details to heap your fortune on a successful property investment in Cambodia!Check out The Parkway project on Realestate.com.khFind the new development on Realestate.com.kh

An golden opportunity is ready to offer to potential buyers, particularly the early comers who is planning to buy a property through the upcoming sales promotion in Cambodia’s Real Estate Expo 2018. All customers are guaranteed of a sound return on investment during the first-ever opportunity, an opportunity that expats can become successful international property buyers in Cambodia!Prince Central Plaza offers an excellent deal to those who attend Cambodia Real Estate Expo 2018 on October 19th and 20th, and have good confidence in the property development projects of Prince Real Estate (Cambodia) Group.Buying during the event, occupants will get a fully-equipped serviced apartment with a healthy guaranteed rental return of 8.9％ per year for 3 years.Limited offers are just available for early birds!Prince Central Plaza will provide a special promotion on studio units at 28.6 square meters, whose gross amount is $75,000, with $20,000 down payment only in the Expo, which means, the mortgage will be $428 per month, and buyers can enjoy a rental return of $510 monthly. Among all these favorable offers, buyer will ensure to get a refund through the Group’s rental return investment plan. High profit but low risk, this is an investment that you could hardly find in Phnom Penh.Prince Central Plaza sets to be an urban landmark development. Located in Phnom Penh’s most exciting district and with 25 minutes drive to Phnom Penh International Airport, the project is just minutes away from the Royal Palace, the Independence Monument, Nagaworld Hotel, Aeon Shopping Mall, Riverside, and international embassies.Prince Central Plaza is proven to be a top choice of investment, not only because of its top-notch quality, but also owing to a good ring of amenities in its neighborhood.Prince Central Plaza has been well recognized by international buyers since its official business launch. Today, sizes ranging from 23 to 126 square meters, all units in the project are fully completed, featuring the star-rated furnishings and superior quality of equipment. The apartments of Prince Central Plaza offered during the Cambodia’s Real Estate Expo 2018 will be the best residential property to invest, as a special promotion package like never before is to offer.This new project features the latest interior design exclusively for elites living in the city, including Prince Super Market, international food court, infinity swimming pool, bar, fitness center, wine lounge, cigar club and so on. All facilities are designed to satisfy occupants’ needs after a whole day’s stressful work. Prince Fresh Mart, which is part of Prince Super Market, is open for everyone.Prince Central Plaza is one of the projects located in the new Central Business District (CBD) of Phnom Penh along the southern end of Norodom Boulevard in Chamkarmon District where a tremendous impetus of capital development can be foreseen.The new CBD of Phnom Penh is comprised of luxury hotels, furnished condos, 5A office buildings, and commercial avenues by the riverside. The project aims to create a wide range of facilities, including commercial spaces, finance services, restaurants, high-end boutiques, as well as culture and entertainment areas.It is widely believed that the Prince Real Estate (Cambodia) Group will bring delighted surprises to investors across the region with the presence of this project.Aside from the Prince Central Plaza, another new project, the Prince International Plaza will be presented at the Real Estate Expo 2018 as well.Prince International Plaza will be a new landmark project in Phnom Penh under the Group’s belt.With a total building area of 200,000 sqm, Prince International Plaza is a comprehensive housing development in Cambodia. Comprised by 5A commercial spaces, star-rated serviced apartment, restaurants, flagship retail commercial avenues, the project integrates business, entertainment and leisure. It is such a comfortable modern lifestyle that Prince International Plaza introduces to the capital city of Phnom Penh.Exclusively for elites living in the Kingdom, this new project is featured by the latest interior design. With size ranges from 50 to 157 square meters, all condos are designed to be premium accommodation by their spacious layouts and stylish modern equipment, maximizing living comfort with sufficient sunlight and fresh air flows, which is like staying in a five-star hotel room in the heart of Phnom Penh.At present, Prince Real Estate (Cambodia) Group is known as one of the leading property developers in Cambodia, who has created a few hot sale landmark projects across the country. With 30 subsidiaries under its belt, the Prince Group has become the largest multinational incorporation with a development area of more than 10 million square meters.Join us at the Cambodia Real Estate Expo 2018 to get your special offers! The event will be held on October 19th to 20th at the grand ballroom, second floor of Nagaworld, Phnom Penh.Check out the new development or Prince Central Plaza listing today on Realestate.com.kh!Find out property for rent in Phnom Penh or property for sale in Phnom Penh!

SEARA Sports Systems offers the largest and most comprehensive range of fitness equipment not only in Cambodia - but throughout the South-East Asia region.The company was founded over 20 years ago with the mission of bringing nothing less than International standard fitness equipment to the Asian market. While the demand for high quality fitness equipment remained low for their early years, SEARA remained confident that the market would require International standard fitness and sports equipment as Asia grew in wealth and understanding regarding the value of health and fitness.As South-East Asian real estate markets started growing rapidly after the year 2000 - and property developers began seeing the ongoing value of including sports courts and fitness facilities in their projects - the spotlight started to shine on the SEARA brand.SEARA soon earned its strong reputation by completing major facility designs, equipment supply and successful installations for some of the most prestigious hotels, resorts and luxury developments in the South-East Asian region. They have also expanded geographically outside of its central office in Bangkok; with offices and showrooms in Phuket, Pattaya, Koh Samui, Hua Hin, Ho Chi Minh, Hanoi, Yangon, Dhaka and Phnom Penh.In Cambodia, SEARA has already accomplished a number of notable projects, including the Embassy of the United States in Phnom Penh, NagaWorld, Hotel Sofitel Phokeethra, Rosewood Hotel, Marriott Courtyard Hotels (Phnom Penh and Siem Reap), Hotel Intercontinental (now known as the Great Duke), Hotel Raffles Le Royal, Le Meridien Angkor, Phum Baitang, Garden City Hotel, Phnom Penh Hotel, Sun & Moon Hotel, Embassy Residences & Embassy Central, ISPP (Int’l School), City Golf, Huione Golf Club, Cambodian Country Club,  Banteay Athletics Training Center, Aeon Mall Sen Sok, The Royal Sands Koh Rong, DHL Cambodia, Cambodia Beer, Sky 31 Condo, Shinta Mani Angkor, and more. On top of this, their well-equipped gym showroom on Norodom Boulevard allows customers to test out cool and innovative fitness equipment from world leading brands before they buy.SEARA offers clients big and small a total service solution for making fitness a part of their everyday life. Their full services include commercial and private fitness space design, development, equipment supply - and right through to the final installation of fitness and recreational facilities. They also offer a wide range of high quality exercise equipment suited for those looking to exercise in the comfort of their home or office.SEARA exclusively stocks the leading fitness brand names including Life Fitness, Hammer Strength, Octane Fitness, Power Plate, Vectra Fitness, Balanced Body, Escape Fitness, SCI-FIT, MyEquilibria, HydroMassage, and more. They have also partnered up with ICAROS to offer both exercisers and gamers something rather unique. ICAROS combines fitness and virtual reality to create exciting and effective exercise experiences. They can make you fly!Whether it is a technical consultation, a design for a private home gym - or a full on commercial gym/recreation complex - SEARA Sports Systems has the equipment and the expertise to professionally serve their client’s needs.Contacts:Mr. Anthony S. GaglardiSEARA Country ManagerEmail: anthony@searasports.comTel: 016 577 669Address: #142 Camned Building 4/F, Norodom Blvd., Khan Chamkarmon, Phnom Penh, Kingdom of CambodiaRealestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info…Looking for real estate for rent in Cambodia or real estate for sale in Cambodia?

Southeast Asia Property Services (Seaps) is a top-tier real estate agency with a regional outlook and reach, but currently focused on the Cambodian real estate market.Seaps stands out among its peers for its world-class professionalism and efficient and prompt delivery of topnotch services.Seaps provides a full range of real estate services, including property valuation, buying, selling and rental. In both Phnom Penh and Sihanoukville, where its current operations are mostly focused, Seaps sells and rents all kinds of properties and businesses, including landed homes, hotels, guesthouses, condos, and apartments. It also provides its customers expert advice about the city and available real estate.The company possesses unparalleled knowledge of market conditions in Phnom Penh, Sihanoukville, and other parts of Cambodia, giving it a decisive edge over its competitors.This special knowledge, coupled with its strong commitment to helping clients realize their dreams, throughout the buying and selling process, has won it a following and the enduring trust and confidence of many customers not only in Cambodia, but also in other parts of the region. Seaps’ stated goal is to ‘help people feel educated and secure about their property portfolio in our region.’In the years since it started operations where it had worked with a wide range of clients, each with a unique taste and need, Seaps has found great success. The company’s success has mostly been attributed to its top-class management and workforce.Seaps has a cadre of highly-trained, motivated, professional, and energetic realtors with vast experience of providing the highest standard services and advising clients to make the right investment decisions.In the near future, Seaps expects to expand its operations to other parts of Cambodia and beyond.Seaps is joining the Realestate.com.kh EXPO 2018, Cambodia’s biggest and flashiest property show, as one of the exhibitors.Ready to start your Search for the perfect Cambodian Real Estate Agent for you? Check out our Agency Directory now!

With the unremitting efforts of CHINA’S AVIC Group and strong support of the Cambodian Government, Cambodia Bayon Airlines has always been providing safe, comfortable and convenient service for passengers since its debut flight towards the end of 2014.As the first Chinese airline company that is established overseas and mainly operates Chinese civil aircraft, Bayon Airlines introduced brand new MA60 fleet, committed to building a demonstration platform of domestic aircraft overseas operation. Bayon Airlines has launched five international and domestic flight routes, operated more than 4,000 flights and kept a punctuality rate of 98% so far. With premium service and operation, they are trusted and favored by passengers.Bayon Airlines emphasizes on talents recruitment and team building. It has an international pilots team, a localized crew team and a professional engineering and OCC team, who take the escort as their duty and make their best effort to guard each flight.As subsidiary of CHINA’S  AVIC group, Bayon Airlines never forgets to fulfill its corporate social responsibility while pursuing stable development. Bayon helps cultivate a large number of civil aviation professionals and contributes greatly to the development of Cambodia’s civil aviation industry.Bayon Airlines has transitioned to a more aggressive, in-depth development after a solid start. In 2018, the company steadily achieved rising revenue and profit by adhering to set up an interactive network of overseas flight routes and expanded their service system to cover all respects of the Chinese civil aircraft operations, including aircraft maintenance and personnel training.Bayon Airlines, which has been aiming for substantial business in the local market, has grown to be the number one domestic airline company in Cambodia, registered the best record on flights’ stability and punctuality. Operating on some key routes such as Phnom Penh⇔Sihanoukville, Siem Reap⇔Sihanoukville, Bayon Airlines makes the safest and fastest air travels between popular destinations within the Kingdom.Moreover, Bayon Airlines provides a range of service packages to address varied customers’ travel pattern or appetite, including provisional charter flights, regular routine combo tickets, business class combo, etc.In response to China's "ONE BELT ONE ROAD" development policy, Bayon Airlines intends to build on existing advantages while grasping the opportunity of a rising Cambodian aviation industry. Bayon Airlines plans to build a network that centers on Cambodia, while covering the ASEAN region. Committed to enhancing cultural and economical exchanges alongside the "ONE BELT, ONE ROAD" region through air travel services, Bayon Airlines is moving forward to becoming a major regional airline company in Asia.As Cambodia’s real estate industry grows rapidly with the help of Chinese investments, relations between Cambodia and China is getting stronger. Bayon Airlines acts as one of the links between the two countries.In sponsoring the Realestate.com.kh EXPO 2018, Bayon Airlines believes it is a good strategy and that it has much to gain from joining Cambodia’s most prestigious and biggest property exhibition and being a partner of the Kingdom’s leading real estate portal and marketing agency- Realestate.com.kh.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info…Looking for real estate for rent in Cambodia or real estate for sale in Cambodia?

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

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

Cambodia’s northwestern border town of Poipet is fast becoming a rival to Sihanoukville in terms of real estate development.Poipet, which borders Thailand and hosts an important border crossing between the two neighboring countries, is in the middle of a building boom.Casinos, hotels, commercial buildings, and residential developments are going up in different parts of the town, fueled by massive foreign investments and an economic boom. Property values have gone up in many parts of Poipet as a result.A part of Banteay Meanchey Province and occupying 2,620,000 square meters, Poipet is divided into three sangkats, namely: Poipet, Phsar Kandal and Nimeth. The town is home to more than 140,000 residents, both Cambodians and foreigners.Hor Kunthea (Roy), CEO/Chief Executive Officer of Sokha Residences Group, said he was not surprised by the development, noting that the town’s property sector has shown great potential for rapid growth in the last six months.He identified Sangkat Poipet as the area with the best potential. “The other two sangkats also offer good investment opportunities and property values there are also rising,” Mr Roy stressed.According to him, many small and large scale developments have entered or are eyeing to enter into the Poipet property market. “Many investors from the outside are eyeing Poipet as a great investment destination,” he said, noting that this has contributed to the continuing increase of property values and prices.In Poipet, according to Vtrust Appraisal’s 2017 Housing market and Outlook Report, 16 projects were completed last year, releasing 1,694 units into the market. Also, 909 units reached the market in the first half of 2018.Poipet Governor San Sean Ho said there is no better time to develop real estate in the town. We, in the Government, encourages all investors to put their money into various real estate like hotels, guesthouses, residential houses, restaurants, and other facilities for tourists.In Poipet, according to him, there are many existing, ongoing, and projects that are in the pipeline or drawing board. The town is currently hosting nearly 30 casinos, 10 boreys (gated residential community) projects and a number of factories in the Special Economic Zone that produce electronic, clothing, and other products. There are also at least 50 companies subdividing residential plots for resale.Poipet’s first condominium project is now underway. Sokha Residences Group, which will occupy almost four hectares of land, is a combination of condo and boreys. Sokha Residences will have a 21-story building of 543 units with Super Store, Commercial and Office Space, Sports Club, Swimming Pool, Sky Bar, Penthouses, and 287 borey units.Condo units are priced from $27,864 to $1,270,000, while borey units have the selling price of between $30,000 and $50,000 per unit. Sokha Residence is located in the Kilo Lekh Boun, Sangkat Phsar Kandal, Poipet.The Government is also eyeing to develop Poipet’s tourism potential. Mr San said they are planning to develop 500 hectares of land into a premier tourism destination complete with a golf course, artificial river, giant garden, and a floating market. He said that once the project will be built, they are expecting thousands more of tourists will visit Poipet.The above factors, together with the plan of the Cambodian Government to open more border crossings to Thailand, Chinese-funded road along the Thailand-Cambodia border, and the re-opening of the rail link between Poipet and Phnom Penh bode well for further development of the town into an important commercial and industrial hub.“In our Economic Development Plan, we mainly focus on real estate and infrastructure development,” Mr San stressed.He said one of their priorities is to build excellent concrete roads connecting different parts of Poipet.Better roads are contributing to the increase of real estate prices in and around the town. Mr Roy noted that land along National Road (NR) 5 and adjacent to the Poipet roundabout currently fetches between $800 and $1,000 per sqm.In the areas near the border where the casinos are located, land the previously sells between $300 and $500 are now priced from $1,300 to $1,500 per sqm.The influx of Chinese is also another major factor that drove up property values in Poipet. The Chinese were attracted by the town’s investment potential and the availability of affordable land. There are currently more than 10,000 Chinese investors and workers in Poipet and it is expected to have more than 20,000 in 2019.According to Mr San, most of the big hotels in Poipet are being rented by the Chinese. Both Mr San and Mr Roy agreed that the Chinese played a big part in the growth of the real estate industry, and also of property values, in Poipet.Mr Roy said the presence of the Chinese created more demand and drastically increased rents. According to him, a flathouse on some main road that could be rented for as low as between $150 to $200 a month are now available for rent between $600 and $800 per month. A flat along the concrete road, which previously can be rented for less than $150 a month, is now available for rent between $350 and $400.“Poipet’s property sector is growing similar to the one in Sihanoukville,” Mr Roy concludes.Search properties for sale in Poipet and current properties for rent in Poipet!

Phnom Penh’s iconic and important Riverside area will soon host a massive development that will change the face of the city and the Kingdom for the better.Phnom Penh Harbour, as the project is known, is a monumental undertaking stretching several kilometers from the Chroy Changvar Bridge to the Night Market, both of which are prominent spots in Riverside.Stretching several kilometers along the Tonle Sap, Mekong, and Bassac Rivers, the Riverside, which has long been an important trading and commercial area in Cambodia’s capital city, has become a popular attraction and hangout for both locals and foreigners of late, mainly drawn by an excellent array of restaurants, hotels, stores, cafes, bars, and entertainment centers.To be built on 11.8 hectares of land facing the Tonle Sap River, Phnom Penh Harbour will comprise of more than twenty buildings of various sizes and features. These will include multiple commercial spaces, condotels, 5-Star Hotels, Grade A office buildings, large shopping malls, duty-free shops, and market-leading serviced and high-end apartments.There would also be French-style commercial streets that will be similar to what people see in Paris and other major cities of France.The development will also include a jetty and 7,000 parking spaces for people wishing to visit restaurants, retail shops, hotels, etc. in the Riverside area.The buildings and facilities within Phnom Penh Harbour will be built to international standards and are being primed to become the gold standard for such developments, not only in Cambodia, but other parts of Southeast Asia, as well.Phnom Penh Harbour has invited comparisons to Singapore’s own Orchard Road, an iconic development that is both a major shopping belt and prime tourist attraction in the island state.Phnom Penh Harbour had its launching last month. It is being developed by Yuetai Cambodia, one of the country’s most successful and respected property developers. Yuetai Cambodia is the local subsidiary of Guangzhou based and Shanghai listed Guangzhou Yuetai Group.Yuetai Cambodia has several iconic projects under its belt since its entry into the Kingdom in 2011. These include The Garden, East One, East View, and East Commercial Center.Sam Yang, Yuetai Cambodia CEO, said their aim is to make Phnom Penh Harbour unique and stand out among the rest. He said the ultimate goal is to make it a city symbol that will bring what is not known of Phnom Penh or Cambodia to the world.“We want others to know Angkor culture and art through Yuetai. That’s the reason who we put all these elements- cultural, touristic, artistic, and historical elements- together in the project. Instead of making it into a purely commercial space, we actually want to make it one of the best tourist attractions in Cambodia, and even in Asian countries,” he said.Phnom Penh Harbour will be built in four phases and is targeted to be completed in 7 years. The first phase will include the building of the 5-Star White Swan Hotel, which will join the long line of iconic hotels in the country.With Phnom Penh Harbour’s imminent appearance, the Cambodian Government is preparing measures to ensure the smooth flow of traffic in the area. To ease the expected traffic congestion, Sisowath Quay, the road that runs parallel with the Tonle Sap River, will be widened to four lanes.Phnom Penh Harbour is currently in the pre-sales stage.Get more information about Phnom Penh Harbour and learn more about Cambodia’s newest developments by visiting Realestate.com.kh!

In 2017 the Realestate.com.kh EXPO (previously the Cambodia Real Estate Show) welcomed over 100 exhibitors, 10,000 attendees and generated over $30 million in property sales over two separate events. The last show in October 2017 generated over 5,000 attendees & over 133 unit sales.Having cemented itself as the most successful property show in Cambodia’s history in terms of property sales and targeted attendees, the Realestate.com.kh EXPO is returning to NagaWorld on the 19th & 20th of October 2018.Ms Kelly of Creed Group, one of Cambodia’s favourite developers who attended both shows in 2017 said, “The show gathered a large number of potential buyers, there were even more developers this time, and the show was bigger than before.” She also commented that the venue, NagaWorld, was strategically located. Creed Group sold units across all of their three projects; namely Bodaiju Residences and Arata Garden Residences.Mr Tony Yu, Marketing Manager at Orkide Villa, had a similar impression of the show: “We were very satisfied to be a part of the second Cambodia Real Estate show which enabled us to achieve direct sales.” Mr Yu also believes that the show benefited both developers and buyers, and encourages local developers to get on board for the next show.Prince Real Estate Group, who achieved 38 unit sales over the two days as confirmed by their sales manager, now has their Prince Modern Plaza development mostly booked following the show - and were pleased with their result of leading the sales board at the end of the event.Local show favourites Arita Garden (Creed Group), Orkide Villa, Prince Real Estate Group, The Parkway and international favourite Aristo are all returning for 2018, whilst newly launched properties such as Cloud Coast, Phnom Penh Harbour, OneDa and Le Bassac are also some of the early names to come aboard the 2018 event. Real estate agents such as Maxworld are also returning, along with a host of new agencies.The exclusive property seminar sessions will also be returning for the 2018 expo, headed up by one of Cambodia’s leading law firms DFDL. Seminar sessions will include Chinese, Cambodian and Western talks as well as panel discussions covering a range of educational topics including current investment climate, hot locations and property ownership laws and much more.Banking, finance, insurance and proptech will again provide an exciting element to the event with Last Mile returning with their innovative virtual showroom technology for the third time whilst new Proptech companies such as PropEase will be showcasing their app focused on making the handover process a less strenuous process.For sponsorship or exhibitor opportunities at the Realestate.com.kh EXPO 2018, please contact:Khmer and Chinese: nin.kang@realestate.com.kh,   or call +855 93 552 305, +855 78 637 323English: tyler.stuart@realestate.com.kh, or call  +855 12 599 669, +855 81 599 669Don't miss out on the Realestate.com.kh EXPO 2018, Cambodia’s #1 Property Show.

Phnom Penh, Cambodia’s capital city, is seeing a rapid population growth with many people from the provinces coming to live in the city.These people, most of whom belong to the middle to lower class, mainly come to Phnom Penh in search of economic and educational opportunities.According to the Ministry of Land Management, Urban Planning, and Construction (MLMUPC), Phnom Penh’s population is expected to increase to between 4 and 7 million by 2030. Other estimates put Phnom Penh’s population at 7.9 million by the same period.To meet the demands of a booming population, Minister of Land Management Chea Sophara said Cambodia needs to build 1 million more homes by 2030, not to mention a cascade of low-cost rental houses, apartments, etc.Pich Sovann, Director of Phnom Penh Daily Property, said Phnom Penh’s huge population of migrant workers has created a big market for low-cost rentals. Many of these migrants are workers employed in factories, mostly garment factories, in the Phnom Penh area.A majority of the more than 1,700 factories operating in the Kingdom, which employ close to 1 million people, are located in Phnom Penh and its suburbs.Drab apartment blocks with scores of rooms for rent can be found around these industrial zones. These rentals are often barely furnished and only contain the most basic of amenities like electric fans to keep out the Phnom Penh heat. These are rented for less than US$100.“Because they are affordable they are popular with factory workers,” Mr Sovann pointed out.Factory workers earn between US$170 to US$300 a month and allocates US$50 US$80 for rent. It was noted that some of these people even share a single unit with some friends to further minimize the rental cost.Mr Sovann mentioned that most of these low-cost rentals are found in the Phnom Penh suburbs of Boeung Tumpun, Steung Meanchey, Por Sen Chey, and Chaom Chao. There is also a scattering a low-cost rentals that can be found close to the city center.Tang Hour, President of Amatak Property Service, noted that low-cost rentals in the outskirts and suburbs of Phnom Penh are also popular with students and staff of companies, restaurants, hotels, and other businesses that earn between US$200 to US$300 per month.Phnom Penh is home to most of Cambodia’s universities and other institutions of higher learning.Ms Tang took issue of the poor hygiene and security in areas where low-cost rentals are concentrated. “Some locations [outside the central city] need to improve hygiene and security,” she stressed.Soth Virak, CEO of Huttons CPL, agrees that there is a big market for low-cost rentals in Cambodia’s capital city.Noting that a big chunk of the population falls in the under 39 category, he said that many of them go for cheap rental apartments and houses in the meantime while saving to buy their own houses later.“They opt to rent a cheap house before they can afford their own houses,” he said.Mr Virak added that there are people with bigger salaries who opt for low-cost housing. “There are some out there with average earnings of US$500 per month who rent rooms that fetch for US$100-US$200 per month,” he said.These houses, some of which are located in the center of Phnom Penh, are equipped with the most basic of amenities and are devoid of luxurious ones like refined furniture and furnishings.Cost of living in Cambodia is very low. The Kingdom has some of the cheapest housing rentals in the world.Realestate.com.kh has the most up to date information for buyers, sellers and property enthusiasts.Looking for Serviced Apartment for rent in Phnom Penh?