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 Kingdom’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. 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. “Koh Pich and Chroy Changvar are seeing most of the activity. Developers aim to use any corridor in these areas for major residential projects,” 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.“It 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, ” 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 Ampov’s riverside will provide more value to the area. That area, he said, is already on the radar of many investors. “Our city development is similar to the development of Bangkok or city development in Korea during the 1970s,” 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.“Over 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,” 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.“Over the next five years, many high buildings will be developed,” Rithy said.“The riverbanks will become a part of the modern city.” 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.

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 there’s a huge legacy of emigration from the world’s most populous country. According to a 2016 report from the Transatlantic Council on Migration (TCM), 4% of all the world’s migrants came from China as of 2013. This puts it in fourth place of all the world’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. What’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.  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. 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. Many wealthy Chinese choose to buy a home or apartment for their children who are studying in Western nations. The TCM’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 ain’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 it’s also a hotspot for investment properties. 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.

Realestate.com.kh is breaking new ground with its latest show, the Home & Lifestyle Expo 2019. Excitement is already building as the biggest names in Cambodia are signing up to take part.Cambodia’s biggest real estate website has done shows in the past. The next show is expected to be bigger than anything before it, however.It’s happening at Koh Pich Exhibition Center, the country’s biggest hall, on April 26 and 27. The lineup already has the biggest stars of Cambodia real estate. 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. There’s still time to become an exhibitor at this massive event. Contact Realestate.com.kh 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 at Prime One Real Estate, said that it is great to be able to connect with the market and meet directly with customers.“Besides 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 we’re lucky, maybe we can find other companies to partner with in the future,” he said.Sokha Cheng, deputy sales and marketing director for 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.“We 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,” she added.What can you expect?For this event, Realestate.com.kh is flipping the script. It won’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 O’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. “In the app, users not only get breaking news and videos, it’s also a platform which allows users to post about their personal lives and businesses. Our concept is, ‘In just one app, you get everything done,’” 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 don’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. So, there’s really no excuses not to stop in. Mark your calendars now so you don’t forget.Make sure you go to our event page to sign up for free express entry.Want to be an exhibitor? Don’t hesitate to contact us: +855 78 637 323 (Khmer and Chinese) or +855 12 599 699 (English).

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. 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. 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.    For more information about infrastructure across the regionk be sure to read our free Investment Guide 2019

Phnom Penh’s Chamkarmon district currently has the capital’s largest supply of apartments. There are 230 projects with 5,820 total units in the area. Toul Kork, in second places, hosts 1,446 units spanning 56 buildings. These numbers come courtesy of VTrust Appraisal’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 of  $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.” 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. Un Khannaron, director of Elevated Realty, said that progress of residential and commercial buildings was a positive sign for the property market. “In fact, both the rent and sale prices in Boeung Keng Kang area are already high, but prices will continue to rise,” 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.

Royal One, a joint venture between Royal Group (Cambodia) and Huashi Group, officially launched its 68-storey complex along Monivong Boulevard on February 14.Right in the heart of the capital, Royal One is one of the largest projects in the CBD. It’s adjacent to some of the city’s most high-profile buildings such as Canadia Tower, Vattanac Tower, government buildings and banks. The massive undertaking is expected to be done in five years.Boasting investment capital of $230 million, the mixed-use complex will feature commercial space, offices, hotel and residential units. It is another step forward in the market for luxury real estate in Phnom Penh.Mixed is magicThis addition to Phnom Penh’s CBD comes at the beginning of 2019, a year experts say will see a huge number of new buildings added to the city’s skyline.Indeed, there have been fears of an oversupply, specifically in the market for mid-range and high-end condos.Hedging their bets, it seems that more developers are relying on mixed-use spaces rather than fully residential buildings.If you're searching for condos for sale in Daun Penh, look no further. Realestate.com.kh is your source for all real estate in Phnom Penh.

Cambodia is experiencing a miraculous period of growth. Real estate is growing but the sector is still far from a mature market. 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. 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. 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. 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.  Affordability levels are higher than in the past. Cambodia also attracts a lot of investment, particularly from China. Indeed, Chinese developers may dominate the market, and this could threaten affordability in the long run. 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,  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? 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. 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. 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 our news section every day. You can also sign up for our newsletter to get news right to your inbox.

The Ministry of Land Management, Urban Planning and Construction (MLMUPC) earlier this week posted on their Facebook page a master plan for Sihanoukville. The document, originally issued in June, defined land use regulations in the coastal town. Valid until 2030, the map shows which areas are to be developed for tourism, commerce, and other industries.According to the report, Sihanoukville will develop into a “modern city with the world’s most beautiful beaches, multi-purpose special economic zones, and logistics centers”.The document comes amid a flurry of development in Sihanoukville’s tourism sector. Investments are coming mainly from wealthy Chinese and aim to attract more tourist from that country.In addition to being a focus of hospitality development, Sihanoukville is also in view to be a major shipping port for the region. Indeed, having the nation’s only deepsea port, it fits squarely into the purview of the China-backed Belt Road Initiative. Read more about how Cambodia fits into One Belt, One Road.If you're searching for real estate for sale in Sihanoukville, browse our listings. And check back to our news section for all the breaking real estate stories. You can also sign up for our newsletter to get news right to your inbox.

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. Previously, the islands were classified as communes within Preah Sihanouk province’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 Kingdom’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. 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 Sanloem’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.“The area is very attractive for tourism. On average, 2,500 tourists show up every day,” 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 Sihanoukville’s Cambodia Real Estate, said that making Koh Rong and Koh Rong Sanloem a single municipality will be good for the real estate sector. 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.“Most villagers don’t own their land with hard titles,” 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.‘No one keen to buy’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 aren’t willing to invest until hard titles are issued.“It took 60 boat trips just to bring materials for my apartment project,” he said, adding that land prices were comparable to Sihanoukville at $2,400 per square metre. He claimed that if hard titles were issued, buyers would come in droves.“No one is keen to buy or invest on land without [full] legal ownership.”Sharing King’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.“This 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,” 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. 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 our news section every day.You can also sign up for our newsletter to get news right to your inbox.

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, worth an estimated $2 billion, is set to be six kilometres north of the town centre. Since 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. 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. 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. 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 tourist destinations in the Kingdom. Millions of visitors come every year to see the province's nature. Waterfalls, beaches and Bokor Mountain are some of its biggest draws. To learn more about Kampot province read our guide about the province. Also check out this year's Investment Guide.

The Ministry of Interior announced earlier this month that two new districts will be carved out of the Phnom Penh map. 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. 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. 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 Kingdom’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 wouldn’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. 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 our news section every day. You can also sign up for our newsletter to get news right to your inbox.

A wave of slumping real estate prices has swept across Asia. But apparently, Cambodia didn’t get the memo.Indeed, the Kingdom seems to be running in a different direction than the rest of the world. Half a dozen news outlets have named Cambodia one of the best places in Asia to invest money in the past month.Slump or price correction?Hong Kong, normally one of the continents top performers, has been in a downward turn over the past six months. That comes after an unprecedented period of growth. Indeed, the semi-autonomous region of China has been in the headlines almost nonstop over the past two years for its sky-high prices.Nonetheless, Hong Kong still holds the crown for the most expensive city in the world.The story looks similar in Australia. Prices are sliding. However, this comes after almost a decade of prosperity. Stats are still in a positive place if you zoom out.Michael Care, a director at Barry Plant real estate, which has offices around Australia, said the downturn was being felt in both Sydney and Melbourne.“Sydney house prices have corrected strongly over the last six to 12 months largely off the back of what has been rapid previous price growth from both owner occupiers and investors … The wider Australian market and cities are naturally affected by these similar macro factors albeit on a smaller scale again,” Care said.Inflows from Asia have face tighter regulations, which have played a part in the slump.“The correction has come due to a number of factors. The government has placed tighter controls on foreign investment over the last couple of years and more recently lending has also tightened ... There is also a general affordability issue whereby price growth has become out of line with wage growth.”Caution in SE AsiaWill this slump creep into the Southeast Asian market? The simple answer is yes and no.The smaller markets of the Asean region seem to be more independent from what’s going on globally. Foreign investment could see some cuts, however.“Despite being relatively isolated in the region, Laos has been feeling some minor effects from the current slump across Asia,” said James Whitehead, CEO and director of Laorealestate.la and classified website Yula.la.He added that lending seems to be down slightly, and investors from China appear more cautious than in previous quarters. A lack of valuation information is also a sticking point for the markets ongoing growth.Nonetheless, spirits are still high in the country, especially amid clear progress of the One Belt One Road rail network, directly connecting Yunan (China) and Vientiane (Lao capital). Whitehead noted that his company’s upcoming real estate expo would serve to jumpstart activity in the sector for 2019.“This is the first-ever specialised real estate investment expo in Laos, and we are expecting over 3,000 attendees. There’s still plenty of room for sustainable growth,” he said, "and we hope that events and education help the entire economy move forward, despite what’s going on globally.”Cambodia captures headlinesCambodia seems to be immune to any negative feelings currently. In fact, InvestAsia put the Kingdom on two different year-end lists naming best places for investments. As if that wasn’t enough, both Property Investor Today and The Global Times have singled Cambodia out for bullish prospects.  China’s Hurun Report released a ranking this week that named Cambodia as the number one location in the world as far as home price increases.Boreys selling ‘like hot cakes’Despite the all the media attention, many in Cambodia note that markets for local buyers and international investors a distinct and quite separate. A recent quarterly report from CBRE Cambodia, for instance, noted that supply of mid- and low-range real estate still had room for growth and unmet demand.Joe Phelan, head of personal finance services at the Kingdom’s Hong Leong Bank, said that the bank doesn’t finance condos, which are nearing an oversupply, but that the borey market looks stronger than ever. “There are no signs of things slowing down [in borey market], in fact, some of the biggest property developers have sold out almost all of their projects already and the brand new projects are selling like hot cakes too,” Phelan said.Oversupply or opportunity?So, will the slump impact Cambodia? Yes and no. Yes, it could cause foreign investors to be more cautious as we are seeing in Laos.That could go in conjunction with the nearing oversupply of condos in the Kingdom. We examined this possibility of oversupply in greater depth here by asking the experts.Leave a comment below to let us know how your region is reacting to the global real estate slump. Also, check our listings for investment property in Phnom Penh, and click over to our Investment Guide to learn more.

The supply of condominiums in Phnom Penh stood at around 15,000 last year. That number is set to double over the course of 2019. But will there be buyers? We got quick takes from three industry experts to see how they see the condo market.James Hewson, manager of research and consulting at CBRE Cambodia, said he expected there could be a price correction in the condo market in 2019. He pointed to the supply influx in the mid- and high-range portions of the market.“The recent completion of circa 2,234 condominium units in Q4 2018 boosted total supply by 18.9% quarter-on-quarter, 40% of which was positioned in the mid-range segment,” he said, adding that the high-range market was set to grow by 243% in 2019.“This substantial influx in both mid and high-end condominium stock may catalyze market adjustments in the coming quarters.”Khorn Kungkea, CEO of ERA Cambodia, on the other hand, was optimistic that first-time buyers and international investors would come in to boost demand for condos. He pointed to the fact that Cambodian prices are still far lower than condos in Vietnam, Thailand and Singapore.“I don’t think we can say there is an oversupply of condos … Price per square metre here is still seven to 10 times lower than condos in China, Korea, Japan and Singapore,” he said, adding that profit margins were greater for investors who rented out Cambodian condos.Joe Phalen, head of personal finance services at Hong Leong Bank, said there was an oversupply of condos on the horizon.Adding that Hong Leong doesn’t finance condos, Phalen said they were still bullish on growth in the local borey market.“The biggest [borey] developers have sold out almost all of their projects already and just released a few more last week which are selling like hot cakes.”For a more expansive look at how Cambodia fits into the global real estate industry, check out our latest article on the slump creeping into Asia.

After putting on the biggest real estate events throughout  2018, Realestate.com.kh is at it again in the first quarter of 2019. It’s now bringing a huge Home & Lifestyle Expo to the local Cambodian market. Over 100 exhibitors will be on display over two days. 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. On the lifestyle front, attendees will be able to check out the country’s best car brands, latest technology, health, fitness, design, style and much much more. 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! 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. "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," O’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 Cambodia’s biggest expo venue and expects to pack it full. 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? Don’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).

STEM Sisters Cambodia is a project by STEM Education Organisation for Cambodia in partnership with the British Embassy Cambodia and with the invaluable support from the Ministry of Education Youth and Sport.Inspiring Cambodia's girls to consider a career in Science, Technology, Engineering and Maths, STEM Sisters Cambodia has launched an 8 week program of STEM Clubs, led by girls and starting NOW in schools all over Cambodia.STEM Clubs provide an opportunity to discover real STEM careers available to women here in Cambodia. While developing leadership skills a STEM Club leader will meet local female STEM professionals through video interviews, have fun doing hands-on STEM activities and discover all that Science, Technology, Engineering and Maths can offer.STEM Club content is available for free for all Secondary Schools in Cambodia and is suitable for Grades 8 to 10.  Each week the program focuses on a different STEM profession and STEM Club members will be inspired by a female professional working in that field through video interview. They will then carry out a relevant and fascinating learning activity with materials designed to be found locally in either the city or the provinces.  Leading a club is simple and both girls and boys can join.Any girls interested in setting up their own STEM Club in their own school can register here to receive the free weekly content.For more information contact STEM Education Organization for Cambodia atstemsisters@stemcambodia.ngoor on 0237 27262.  You can also visit http://www.stemcambodia.ngo/stem-sisters-cambodia/ or see photos at  https://www.facebook.com/CambodiaSTEMSisters/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?

On January 21, 2019, Realestate.com.kh  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 CVEA’s member capacity by improving use of technology in the industry.The newly elected CVEA president warmly welcomed the collaboration.“CVEA really appreciates the presence of Realestate.com.kh. In just nearly five years in Cambodia,​ it has impacted the market hugely in term of bringing an online platform for buying and selling.”  “Realestate.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,” 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.“We want to work closely with CVEA because we believe we can lead the market toward sustainable growth,” he said.  “We 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.”“As 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.”One major goal for Soknim’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?

According to the Ministry of Land Management, Urban Planning and Construction (MLMUPC), nearly five million land titles have been issued in Cambodia as of mid-2018. There are around seven million land parcels across the country. Around a third still need to be registered, however.There are two ways for land to be registered at the provincial level: LMAP title and hard title for an individual owner. The latter is made at the owner’s request whereas the LMAP process is initiated by the government.LMAP registrationLMAP, or Land Management and Administration Project, was initiated by the World Bank in 2002 then handed over to the government. The MLMUPC selects key communes as priority areas to conduct the GPS-based land surveys. The process is used to accurately map and title large swathes of land.What are the steps of LMAP registration?There are committees set up at both local and provincial levels in order to oversee the LMAP process. Five key steps define the process of LMAP registration:Step 1: Defining the target areaThe government first determines specific communes which are in need of land titles. Local authorities then notify owners there. They inform locals about the process and what documents they will need to prepare. Step 2:  Land measurementCadastral officers come to measure land boundaries as indicated by owners and existing documents. Participation of landowners is crucial in this step. In the event of a dispute, both parties must agree on borders before they are officially laid down.Step 3: Announcement At this step, the authorities publicly announce the land titles and list of landowners. This happens within 30 days of surveying so that the people can check and appeal for corrections in the event of inaccuracies.Step 4: Final decisionThe cadastral officer then reviews titles and landowner claims. All information is recorded in a registration book. This is eventually signed by the head of the provincial land department and becomes official.Step 5: Land title issuanceAfter documentation at the provincial level is finalised, hard titles are distributed to landowners by the authorities.What documents do owners need?To register land ownership, the owner may be asked to produce a birth certificate, family book, marriage certificate, residence book, national identity card, military ID and letters of buy and sale.DisputesIf disputes arise during any step of the process, they are generally resolved by the commission. In the process of registering the land, if any dispute arises, generally such disputes will be resolved with the commission appointed. For a deeper dive into land titles, read our Investment Guide. Or, start your search for land in Cambodia.

Unveiled in 2013 by Chinese President Xi Jinping, the Belt and Road Initiative (BRI) is an ambitious, trillion-dollar strategy that China is pushing across several continents. The initiative, also known as One Belt, One Road, involves the construction of a massive network of ports, gas pipelines, highways, railways, dams, and related infrastructure across countries in Asia, Africa, and Europe.For a deeper dive into the BRI and other investment topics go download our Investment Guide 2019.The initiative is divided into two major components: the Silk Road Economic Belt and the 21st Century Maritime Silk Road. The Silk Road Economic Belt will bring China closer to Central Asia and Europe, while the 21st Maritime Silk Road will see the South China Sea and the Mediterranean connected via the Indian Ocean and two important shipping channels, the Strait of Malacca and the Suez Canal.The BRI includes six land corridors of economic integration: China-Pakistan Corridor New Eurasia Land BridgeBangladesh-China-India-Myanmar CorridorChina-Indochina CorridorChina-Central Asia-West Asia CorridorChina-Mongolia-Russia Corridor Trillions of dollarsMany say the BRI is one of the largest infrastructure and investment projects in history. As of 2019, the BRI involves 71 countries, which account for almost 70% of the world’s population and more than 40% of the world’s $90 trillion GDP.China has, thus far, invested between $1 trillion and $8 trillion into BRI-related infrastructure projects since the program was unveiled. Furthermore, figures promise to continue growing by leaps and bounds as more projects are approved.  Funding for BRI projects mostly comes from the Asian Infrastructure Investment Bank (AIIB), $40 billion Silk Road Fund (SRF), New Development Bank (NDB), and two of China’s biggest financial institutions, the China Development Bank (CDB) and Export-Import Bank of China (EIBC).Vehicle for peaceChina has touted the BRI as a vehicle for peace, stability, and prosperity. It says the BRI’s goal is one of economic integration, and that it will herald a new era of global prosperity.Some critics, however, remain wary. There are claims that the plan is pushing “21st-century colonialism.”  Officials from the US, Japan and India have linked the BRI to China’s military ambitions. Beijing has strongly denied these claims. BRI in Southeast AsiaSoutheast Asia is viewed as a critical part of the BRI. In fact, seven of the largest BRI projects in Asia are located in Malaysia, Thailand, Myanmar, Indonesia, and Laos.Indeed, Cambodia welcomed the initiative warmly. It has been seen as a pivotal way to overcome infrastructure gaps. It is estimated that Southeast Asian nations will need to shell out a combined $2.8 trillion over the next decade to maintain their rapid growth. So, help from China can certainly help temper these costs.At the same time, however, there have been voices saying the plan is a debt trap. Default in Sri Lanka Around 70% of those questioned in a recent survey by Iseas-Yusof Ishak Institute, a think tank connected to the Singaporean government, urged their governments to be cautious over the BRI.The poll involved 1,008 Southeast Asian respondents from the government, academia, business, media, and several other sectors across all 10 Asean states. Some claimed the BRI was a ‘Trojan horse’ meant to expand China’s sphere of influence. Suspicions were highest in the Philippines, Thailand and Malaysia.Many detractors of the deal have pointed to what happened in Sri Lanka in late 2017. The country was forced to hand over control of the Hambantota port to China after it was unable to pay a $1.3 billion debt on the project. Roadblocks in Malaysia and MyanmarThe BRI has hit a rocky road in both Malaysia and Myanmar.Shortly after taking office in August of 2018, Malaysian Prime Minister Mahathir Mohamad deferred or halted China-backed projects that were worth $22 billion. The projects, signed during the administration of former leader Najib Razak, included the $20 billion East Coast Rail Link (ECRL) and two natural gas pipeline projects in Sabah worth $2.3 billion. Mahathir administration said the three projects were overpriced. “We don’t need [the projects] at this time and the debt accumulated from them could bankrupt Malaysia,” Mahathir explained.Pushback has also occurred in Myanmar. The government there ended up renegotiating a deal for a deep sea port in Kyaukpyu. Costs went from $7.2 billion down to $1.3 billion.Thailand and Indonesia waryReaction to the BRI was initially frosty in Thailand. They went as far as rejecting Chinese infrastructure investment three years ago. However, they flipped their stance and agreed to partner with China on a railway connecting Thailand, Laos and China. The project, worth $14.2 billion, broke ground in late 2017 but has been delayed by numerous disagreements.Several high-ranking Thai officials have since called for a reassessment of BRI projects.In Indonesia, the BRI has also come under scrutiny. The country is facing a $1.5 trillion infrastructure gap. Since becoming president in 2014, Joko Widodo has aggressively courted China to help bolster infrastructure. A slew of project deals was signed. Construction of a 150-km railway connecting Jakarta to Bandung, however, has garnered criticism. At $4.5 billion, many say it’s too costly and not necessary. The country heads to the polls in April of this year.Upbeat on BRI in CambodiaCambodia, as well, suffers from something of an infrastructure gap. Indeed the foreign investment from China has been welcomed to ease the gap. Other nations such as Japan and Korea have contributed on that front as well. China has become Cambodia’s biggest foreign investor, pouring in more than $1 billion every year since 2013.Under the BRI, China is funding the construction of the $2 billion Phnom Penh-Sihanoukville expressway and the $3.8 billion Dara Sakor project in Koh Kong province, which includes an airport, seaport, and a high-end resort.Given that these projects are still relatively small, there isn’t much risk over defaulting. Many inside the country have said that more lasting effects will come from the private sector, where investors will benefit from boosted infrastructure. Success in Vietnam, Laos, and the PhilippinesNext door in Vietnam, BRI has also seen success. A BRI-centred deal was signed during President Xi’s visit to Vietnam in November of 2017.China’s ambassador to Vietnam, Xiong Bo, who previously served as China’s top envoy in Cambodia, said during a BRI forum last November that China is willing to expand cooperation with Vietnam under the framework of the initiative. In Laos, the 414-km China-Laos railway project is proceeding on schedule. The $6 billion is the centrepiece of BRI in the region. It involves the construction of 167 bridges and the digging of 53 tunnels. The railway promises to make Laos a fully-connected country.Over in the Philippines, BRI projects have also been lauded. The pro-China administration of Rodrigo Duterte signed a deal in November to fund a sweeping $152 billion infrastructure overhaul. Projects include multiple railways and a dam.Future of BRI in the regionWhile it’s true that the project has gotten mixed reviews across the board. Less developed nations like Cambodia and Laos are eager for the assistance. Indeed, as the project evolves, China will be better at adapting to feedback. Its partnerships across Southeast Asia are no doubt strengthening.Most of the worries surrounding BRI are centred on larger projects. In Cambodia, however, most of the action is based on road work and port equipment.Indeed, China-backed road work is nothing new in Cambodia. By the last count, around 70% of byways in the Kingdom have been built with at least some assistance from China. The general consensus about BRI is quite positive in the Kingdom. There’s no doubt that boosting trade and stronger relationships with China can only serve to benefit investment activity in Cambodia. For a more thorough look at the investment climate in Cambodia, head over to look at out Investment Guide 2019. It covers topics on everything from real estate to manufacturing to agriculture.Check our listings for investment property for sale in Phnom Penh and investment property in Sihanoukville.

Cambodia won’t stay hidden from international investors for much longer. Announcements have been circulating that GDP growth will be at 7% for 2018. Cambodia’s been growing this fast since the global crisis of 2008-2009.In fact, THREE different online investor publications in the last month have named Cambodia as one of the best places in Asia to lay down money. Check here and here and here. Both say there’s enormous potential in the region.As 2019 dawns we look back at the last decade of amazing success. Consistent growth in Cambodia has led it to become a “new tiger economy.” Seven percent growth each year is outstanding for a developing nation. But what’s in the cards for this year?Steady growth through 2020 has already been projected. What’s more, foreign investment in the Kingdom keeps ramping up. A few key factors that will come to define the property sector in 2019. There will be a boost to human resources. A new real estate school has already been established. Companies here are raising the bar for professionalism. Growing tech systems will play a larger part in the industry. Realestate.com.kh’s own CRM is already bringing agencies to the cutting edge. Adoption is quick and the country is more connected than ever. These systems will boost efficiency and productivity. Finally, regulators have embraced an open-minded perspective when setting the rules. Both the government and industry bodies want the sector to grow. They are committed to listening and working through challenges.Back to schoolPushing education is, of course, a major priority in the Kingdom. The real estate sector is no different. Experts have called for a boost to human resources. In fact, in our yearly survey, nearly 40% of respondents called for more standardised agent licences and training. The real estate program at the University of Economics and Finance (UEF) is doing a lot to raise the standards.Bun Chhay, board member at UEF, said the school is already admitting the second generation of students to its real estate agency and valuation program. The program began in August after a partnership was signed between the university and Cambodian Valuers and Estate Agents Association (CVEA).“Over the course of 2018, we trained 400 students and prepared them for a range of careers in the real estate industry. Many have already be fully certified and have their licences from the Ministry of Economy and Finance,” he said, adding that many had learned to be real estate agents, property managers or valuation agents. Chhay said that the program was generating plenty of interest. He pointed out that within the next 10 years they planned to be offering full Master’s degrees in real estate.Let’s get professional As activity in the Kingdom’s real estate sector ramps up, customers want more professionalism. They expect better service and faster results. Indeed, international buyers expect service to be on par with countries like Vietnam, Thailand and Malaysia.Realestate.com.kh itself has brought a new enterprise solution to the market that will take the industry to a new level. The customer relationship management system, dubbed RealestateCRM, is meant to be an all-in-one tool for local agents.“The tagline of the project is ‘work smarter not harder,’ the system will keep information centralised. It will save agents both time and money,” said Pheara Moeun, the company’s CRM manager.According to Mathew Care, CEO of Digital Classifieds Group, Realestate.com.kh’s parent company, the CRM is professionalising the market for agents.“There was a huge demand for a service of this king from Cambodia’s agents. It’s a tool they can use to build their businesses and we already have 50 major clients and over 15,000 listings,” he said.When asked how the Cambodia market is different from others that DCG operated in such as Laos, Fiji and Mongolia, Care said the Kingdom shifted and adapted incredibly fast.“There are a few key market segments in Cambodia, such as Chinese buyers, local buyers and Western buyers. Each one needs to be reached and communicated to in a unique way. There’s no one-size-fits-all approach,” he added.In a digital worldTech inclusion is rapidly sweeping across Cambodia. Data from the Mekong Business Initiative's 2017 report on Cambodia fintech showed there were over 7.1 million internet users that year, which represented a growth of 40% over 2016. What’s more, nearly all of those internet users are currently active on social media. It’s no surprise then, that companies are relying more and more on digital outlets to reach customers. B2B Cambodia, BizKhmer, Business Cambodia and Thmey Thmey are growing in influence and becoming major sources of information in the country. Realestate.com.kh is also one of the leaders of this group, bringing daily news updates, guides and tons of other resources to Cambodia’s internet users. We host over 25,000 listings and consistently get more than 20,000 pageviews per day.We even put together a full list of the tech that is set to reshape real estate in the coming year.  Flexible leadershipCambodian regulators are supportive of real estate industry growth. Indeed, they have embrace dialogue with industry figures. Chrek Soknim, the general manager of Century 21 Mekong, was last month named as the new head of the Cambodia Valuers and Estate Agents Association (CVEA). He mentioned during the announcement ceremony that bolstering human resources would be a priority during his two-year term."The world’s economic growth remains strong, and the Asean’s economy will be on the rise. For Cambodia, I am still optimistic about the real estate market over the course of 2019. The market will continue to grow in all aspects related to residential, commercial, and property management, including houses, condos, apartments, boreys and land," Soknim told Realestate.com.kh during an interview this week."China is still the leading investment country in Cambodia, following by Japan, and European countries."A tale of two marketsIt is becoming increasingly clear that Cambodian real estate has two distinct segments. The market for locals is based mainly on affordable condos, boreys, houses and land. Both local investors and international buyers, however, occupy the segment for mid- and high-range condos. James Hewson, manager of research and consulting at real estate firm CBRE, said that affordable condos are still a fairly new idea in the Kingdom. Adoption is slow, but there is demand.During the release of CBRE’s market outlook earlier this week, Hewson said there are slight fears of an oversupply in the mid- and high-end condo market. Affordable condos, however, have plenty of room for growth. "The recent completion of around 2,234 condominium units in Q4 2018 boosted total supply by 18.9% q-o-q, 40% of which was positioned in the mid-range segment. This high inflow of mid-range supply is set to continue throughout 2019, with 13,444 units forecast to be complete by the end of the year. Similarly, the high-end segment is also estimated to see a considerable increase of 243% to a total supply of approximately 10,611 units in 2019. This substantial influx in both mid and high-end condominium stock may catalyze market adjustments in the coming quarters. Whilst the affordable segment saw an additional 870 units added in Q4 2018, the total stock within the segment trails behind the mid and high-end supply at just 3,530 units," he said.Any fears of a shock, he said, were tempered by the fact that rental rates have remained steady for condos across the board.The new normalAll in all, experts are expecting this to be another year of positive growth building on previous success. New challenges will come, yes, but there's a new crop of professionals ready to face them.Stay tuned to our news section all year long for breaking updates on the real estate sector. For other great resources on the business climate in Cambodia check out our latest investment guide! 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?

The area near Cambodia’s border with Thailand holds huge potential for real estate with high investment returns. Flat​​​​ house and Villa  Star Gold is number one in its class and gives you the easiest way to start your business.Located on a prime location near plenty of five-star casinos in Poipet’s Samaki Meanchey village, Flat house and Villa  Star Gold is closed to collection of casinos, hotels, restaurants, banks, schools, markets,  entertainment centres and many more commercial complexes.  Lun Nin, sales and marketing manager at Star Gold Flat and Villa, said that this project holds potential for many businesses because it sits in a central location.“It is less than one kilometre from the new off-plan project, Thailand’s famous mall ,Big C,” Nin said.He added that Poipet is growing rapidly because it hosts a wide range of facilities and amenities; it’s connected by sturdy infrastructures such as roads, and railroad tracks and welcomes industries with the local special economic zone.The developers of this groundbreaking project are offering both local and international buyers a free tour of the site. What’s more, foreigners can obtain a long-term lease for up to 99 years.Nin confirmed that Flat house and Villa  Star Gold was developed to bring high-quality construction and a luxurious lifestyle to its residents. He said it’s an investment in the future.On top of everything, Flat house and Villa  Star Gold is now offering discounts of up to 7% ($15,000). Buyers are guaranteed rental returns of up to $1,200 a month for the first three years. You won’t even have to do anything to get this return. If you rent the unit out yourself​ you could even make as much as $4,500 per month.Making payments for a property is so simple. Installment payments are offered for five months and there is no fee for the transfer of hard titles. Don’t even worry about spending money on a full range of appliances because the house will come with high quality partly furnishing. What’s more, every buyer will get a free online casino licence.  And there are prizes too! If you buy a unit now you will be entered for a chance to win an iPhone, a television, a refrigerator, a washing machine and much more.For those who want to start a business near the border with Thailand, buying a shophouse within the Flat house and Villa  Star Gold project is the best choice. You will be generating income while you sleep. Nin added that Poipet is set to be one of the hottest secondary locations in all of Cambodia.There are two types of residences available at the complex. Shophouses measure 4.2 metres by 16 metres, boasting five bedrooms and six bathrooms​ with 4 floors in total. Linkhouses, on the other hand, are 5 metres by 12 metres and have four bedrooms and five bathrooms with 3 floors in total. There are 540 total units in the project which spans a massive 10 hectares. Both types of units have a parking area in the front and patio in the back.Flat house and Villa Star Gold project is where you will find the happiness of residential life!