It’s like a trend these days! Investing in real estate can be a great way to grow your wealth, but it’s important to know what you’re doing. As property values increase, your investment can grow. You can also earn money through rental properties or enjoy tax benefits like mortgage interest deductions. Plus, real estate can help protect your money from inflation and is an important part of long-term financial planning, such as saving for retirement. In this article, Realestate.com.kh will walk you through the basics, from making a financial plan to choosing the right property type and understanding the market!Understanding About Financial​​ PlanningBefore jumping into any investment, it’s important to have a financial plan. A financial plan helps you understand where you are financially, where you want to go, and how to get there. You can make your own plan or work with a financial expert. A good financial plan covers things like retirement, budgeting, and paying off debt.Types of financial planning are divided into three categories:Short-Term Financial Planning focuses on addressing current matters and typically shows results within a year. Examples of personal goals in this category include reducing or paying off debt, creating an emergency fund, and more. For business goals, this could involve achieving target revenues, securing funding, or other short-term objectives.Medium-Term Financial Planning serves as a transitional phase between short-term and long-term goals, usually spanning up to five years. This planning involves resolving immediate issues (such as credit card debt) to focus on goals that require more time, such as saving for property or starting a business. Businesses may consider launching new product lines or entering new markets during this period.Long-Term Financial Planning is generally designed for periods exceeding five years and requires significant financial resources. Common long-term goals include saving for retirement, funding children’s education, or paying off substantial debt. For businesses, long-term financial objectives might involve automation, improving cash flow efficiency, and reducing expenses.Having a financial plan helps both individuals and businesses track where they are financially and figure out what they need to do to meet their goals. It’s essential for achieving short-, medium-, and long-term objectives.Types of Real Estate InvestmentsInvesting in real estate can create wealth, but it’s a long-term commitment that requires a solid plan. While real estate offers great potential for high returns, it requires careful research and choosing the right property. According to an excerpt from the ROCKET Mortgage website, Here are three popular types of real estate investments:Residential Real EstateResidential property is a type of real estate used for living, such as houses, condos, and apartments. Generally, one can invest in this type of property by buying it at a low price and selling it for a profit or renting it out to generate income.For example, if we buy a condo, which generally costs around $50,000 or more, and rent it out for $800 or $1,000 per month, we can use the rental income to repay the bank if we borrow money to purchase the property. However, if we buy the property with our own funds, we can use the rental income to invest in additional properties.Commercial Real EstateIn Cambodia, commercial properties include a diverse range of buildings such as shopping malls, retail stores, office buildings, hotels, casinos, private hospitals, and private educational institutions. These properties offer multifaceted functionalities beyond those of residential properties.For instance, Vattanac Capital in Phnom Penh is a prominent commercial property that houses luxury retail stores, office spaces, and the Rosewood Phnom Penh Hotel. This 39-story building serves as a comprehensive commercial hub, integrating shopping, business, and hospitality services. Investing in such commercial properties can provide more stable cash flow compared to residential properties. Commercial buildings often contain multiple units or spaces, allowing for diversified income streams. Additionally, lease terms for commercial properties in Cambodia can be long-term, typically ranging from 5 to 10 years, offering investors greater financial stability.Raw LandRaw land refers to an undeveloped property with no structures or improvements, often making it cheaper to acquire than developed land. Investors may buy raw land with the intention of leasing it for agricultural purposes or holding it for future development. One of the key advantages of investing in raw land is that it is easier to acquire, has lower maintenance costs, and offers versatility, allowing investors to buy, lease, or build on it. However, while raw land offers several benefits, investors should conduct thorough due diligence, including verifying land titles, understanding zoning regulations, and assessing infrastructure development plans in the area. Engaging with local real estate experts and legal advisors like realestate.com.kh can help navigate the complexities of land investment in Cambodia. Each type of investment comes with its risks and benefits. Real estate can be very profitable, but it’s important to carefully consider how involved you want to be.Understanding Market Trends and LocationWhere your property is located matters a lot. Areas with good economic growth, strong demand, and good infrastructure usually see property values go up.  It affects how much the property value will increase, how many people want to rent it, and the rules or taxes that apply in the area. Properties in high-demand areas with strong economies usually grow in value faster and attract good tenants, making them great investment choices. For instance, Phnom Penh’s most popular area currently is Beong Keng Kang 1 or BKK1, which is known for its upscale lifestyle, vibrant business hub, and modern infrastructure. BKK1 is home to luxury condos, trendy cafes, international schools, and embassies, making it highly attractive to both locals and expatriates. Investing in a property here not only promises potential for value appreciation but also ensures a steady stream of high-quality tenants.Another example, in the Toul Kork area of Phnom Penh, property prices are rising because of the fast development, better infrastructure, and growing demand for both homes and businesses. According to data from AMS Economy in 2023, land prices in Toul Kork have been steadily going up, ranging from $1,800 to $6,000 per square meter. This is due to important improvements, like new roads, schools, and shopping areas, which make the location even more appealing. Investors can use this information to better understand the market, find new opportunities, and reduce risks that could affect their finances.How to Get Started with Your Real Estate Investment PlanStart by setting clear financial goals and deciding when you want to reach them. This will guide you in choosing the right type of property to invest in. Also, think about your risk tolerance—whether you’re comfortable with high-risk, high-reward investments or prefer more stable options.It’s also a good idea to work with real estate experts, like Realestate.com.kh, who can help you make smart investment choices. They can help you refine your strategy and give you the confidence to take action. Real estate investing works best when your plan is tailored to your personal financial goals and needs. Take the time to create a strategy that fits your goals, and you’ll have a much better chance of success.Ready to get started? Reach out to us and begin building your own personalized investment plan today!

Realestate.com.kh, Cambodia's leading property portal, has achieved another milestone, successfully concluding a series of international property exhibitions in Eastern Europe. These events, spanning Russia and Kazakhstan, have generated an impressive estimated $2 million worth of property sold. Opening Doors for Eastern European InvestmentIn recent years, Southeast Asia has become a hotspot for Eastern European investors, While luxury real estate in Thailand and Bali remains a focus for many, Cambodia offers something distinct. Investors in Cambodia are diversifying their interests, exploring opportunities beyond luxury condominiums, including business ventures across various sectors.As the gateway to Cambodia's real estate market, Realestate.com.kh has been instrumental in bridging the gap. Through a comprehensive platform featuring property listings, market insights, and tailored guidance, the portal has become a trusted partner for international investors navigating Cambodia’s thriving property landscape.A Successful Roadshow Across Eastern EuropeLast month, Realestate.com.kh embarked on an ambitious roadshow, spotlighting Cambodia’s real estate market at three major events, each serving as a platform to showcase Cambodia’s top property developments, establish new sales channels, and foster long-term investment ties. Beyond the impressive revenue, the roadshow introduced Cambodia’s dynamic opportunities to a global audience, further cementing its position as a rising investment destination.A Vision for Cambodia’s GrowthThe success of these events demonstrates Realestate.com.kh’s commitment to promoting Cambodia on the international stage.Elvira Shamuratova, a senior advisor to the Eastern European market said "Investors are showing strong interest in Cambodia’s property market. The country offers stability, growth opportunities, and tremendous potential. Realestate.com.kh has been a game-changer for my clients, giving them the confidence to explore and invest in this exciting market."Building on the momentum of this roadshow, Realestate.com.kh is excited to expand its efforts in Eastern Europe, fostering even stronger connections and showcasing Cambodia as an ideal destination for investment. With its unique opportunities and promising developments, Cambodia’s real estate market is set to attract more international attention than ever before.📣 Ready to explore Cambodia’s booming property market? Discover exclusive listings, expert insights, and the latest opportunities only on Realestate.com.kh. Join us in shaping the future of real estate in Cambodia!

Imagine an airport designed to connect Cambodia to the world seamlessly while transforming the local economy as well. That’s exactly what Techo International Airport (TIA) promises. As Cambodia’s largest and most modern airport, this highly developed project near Phnom Penh is much more than a place to catch flights—it’s a driver of economic growth, tourism, and urban development. Today, Let’s dive with Realestate.com.kh into why TIA is such a game-changer for the country!A Giant Leap for Cambodia’s ConnectivityLocated just 20 kilometers south of Phnom Penh in Kandal Province, Techo International Airport will replace Phnom Penh International Airport as Cambodia’s central aviation hub. Let’s get to know a bit about the airport itself. Set to launch in early 2025 for the first phase, the airport is built to handle 13 million passengers annually and aims to increase to 30 millions in the second phase then with a long-term capacity of 50 million passengers per year by the last phase in 2050. With multiple runways capable of accommodating the largest aircraft, like the Airbus A380, TIA will attract more long-haul international carriers. Automated immigration gates, mobile apps for seamless check-ins, and smart luggage tracking will enhance the travel experience for visitors. By increasing direct flights to major cities worldwide, TIA will put Cambodia firmly on the global travel and business map as well. Boosting the Economy and Creating JobsThe economic impact of Techo International Airport is expected to be massive. Experts estimate that the airport and its surrounding projects will contribute up to 5% to Cambodia’s GDP growth annually in the years following its opening. Here’s how the airport will deliver:International Trade and Investment: With advanced cargo facilities, TIA will become a critical hub for Cambodian exports like textiles, rice, and electronics. Better logistics will attract foreign investment, particularly in manufacturing and e-commerce.Tourism Boom: According to the Ministry of Tourism annual reports, Cambodia welcomed over 6.6 million international tourists in 2019, contributing around $5 billion to the economy. With TIA enabling more direct flights, the country hopes to exceed these numbers, especially as post-pandemic tourism rebounds.Job Creation: The airport is expected to create thousands of jobs—from construction workers during its build phase to aviation professionals, retail staff, and hospitality workers once it’s operational.A Tourist-Friendly Visa ProcessTravelers to Cambodia will find it easier than ever to visit, thanks to TIA’s streamlined visa process. E-Visas and Visa-on-Arrival systems integrated with airport technology will speed up immigration, reducing wait times and enhancing traveler satisfaction. The government plans to promote longer tourist stays and repeat visits, boosting spending in key sectors like hospitality and retail.Real Estate Transformation: Opportunities Near TIAWith all this development, the area around Techo International Airport is rapidly becoming a hotbed for real estate investment. Here are two standout projects:Borey Chankiri: Nestled close to the airport, Borey Chankiri is a thoughtfully designed residential project that offers modern homes surrounded by green spaces. Perfect for families and professionals, it combines sustainability with easy access to Phnom Penh and TIA. Learn more about Borey Chankiri. R&F City Miro: A premium mixed-use development featuring luxurious apartments and commercial spaces, R&F City Miro caters to high-end buyers and investors. Its location near the airport makes it ideal for frequent travelers and expatriates. Check out more about R&F City Miro. Both of these projects showcase how the area is evolving into a dynamic urban hub, with rising property values making now the perfect time to invest.The Bigger Picture: What TIA Means for CambodiaTecho International Airport is more than just a new airport—it’s a launchpad for Cambodia’s ambitions on the world stage. By improving connectivity and modernizing infrastructure, TIA is helping to position Cambodia as a key player in Southeast Asia. For instance, the increased trade, tourism, and investment generated by TIA could add billions of dollars to Cambodia’s economy annually while the airport will also strengthen Cambodia’s role in the ASEAN region, making it easier to host international business events and conferences.Additionally, the recent launch of the Kbal Thnal Bridge further complements TIA’s connectivity benefits. This bridge significantly reduces travel time between Phnom Penh and key surrounding regions, providing smoother access to the airport and nearby developments. Together, these infrastructure projects create a comprehensive network that supports economic growth and urban mobility.By aligning with smart and green development principles, TIA ensures sustainable growth that benefits not just businesses but also local communities.Ready to Explore Opportunities Near TIA?Techo International Airport is a symbol of progress for Cambodia, promising to transform the way people travel, do business, and live. With its ability to attract global attention and local opportunities, it’s not just an airport—it’s the future. Now’s the time to be part of this exciting journey.If you’re excited about what Techo International Airport could mean for Cambodia—and for you—take a closer look at real estate projects nearby. Whether you’re interested in family-friendly homes like Borey Chankiri or luxurious living at R&F City Miro, you can find your perfect property on Realestate.com.kh!

There is a target from the Royal Cambodian government to map and have all land titles approved and issued over the next few years, and although the Ministry of Land Management, Urban Planning and Construction (MLMUPC) has implemented digitalisation improvements, the registration of land in Cambodia is still time-consuming.So far in 2024, 2,633 investment projects have been approved in the construction which cover a total area of more than 10 million square meters, which is down from 12 million square meters in 2023.Land Title Certificates Distribution To Be Completed by 2027Cambodian Prime Minister Hun Manet announced in November 2024 that the aim is to have the distribution of land title certificates completed before the end of 2027. This was announced at the annual meeting of the Ministry of Land Management, Urban Planning and Construction (MLMUPC).The timing has been targeted as it will be the 40th anniversary of former prime minister Hun Sen initiating the granting of private ownership of land to Cambodian citizens.Minister H.E. Say Samal reaffirmed the government’s commitment to completing the land registration process and emphasised its importance in “promoting stability, development, and equitable land use across the nation.”At the meeting, Hun Manet encouraged the Cambodian provincial and municipal governors to actively ensure the issuance of land title certificates for the citizens.Over the past year, the government has measured and registered more than two million plots of land.Nearly 590,000 new land titles have been issued.A further 1 million parcels of land are still to be surveyed and demarcated.Kampong Cham province was the first province to complete all land surveys and demarcations.In Mondulkiri province, nearly 90,000 hectares of land have been surveyed and registered, with more than 40,000 land ownership certificates issued. A total of 331,439 hectares of state land are registered, representing around 18% of the total area.Government Spokesperson H.E. Pen Bona said this is vital for preparing detailed administrative maps, infrastructure blueprints, and land use master plans, ultimately enhancing citizens’ livelihoods and economic opportunities.In total, Cambodia has registered over 7.7 million private land parcels and to date, the ministry has issued 7 million land titles and surveyed 3 million new parcels.The Ministry also has a target to complete all land registration by 2025 which is intended to resolve all land disputes and strengthen land rights and management.In 2024, The MLMUPC confirmed that Cambodia has attracted US $4.3 billion of investment capital from the construction sector in 2024. Land Disputes To Be SettledFor the issuance of state and collective land certificates, there have been 15,690 reported land disputes, of which 14,919 cases have been resolved, leaving 1,041 disputes still under review. Prime Minister Hun Manet confirmed that the Royal Government plans to allocate approximately US $100 million for land demarcation to resolve land disputes.He said, “In this new mandate, we have prepared 5,000 officers to work (measure and demarcate the boundaries). I have approved an increase in the budget, and we plan to allocate US $100 million to complete this task.”MLMUPC Digitisation Although there have been efforts by the MLMUPC to offer more digitised services, registering land in Cambodia still requires boots on the ground and an in-person visit to the ministry which can be time-consuming.In September 2024, the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) launched a new suite of digital public services as it embarked on its ongoing digital transformation, aligning with the Royal Government’s Pentagon Strategy for Economic Development and Digitalization.The digital transformation is intended to streamline public access to land management services.The procedural flow of services entails 5 steps from creating an account, applying online with all documentation and selecting the service:Vente and Donation Definitive ServicesHypothec and Mortgage ServicesDocuments Tracking Via QR CodeDocuments Saved and Requested andDeclaration of Adjudication AreasOnce requested and accepted, the applicant will receive a notice to pick up their final documents and pay the service fees at the Phnom Penh Department of Land Management, Urban Planning, Construction and Cadaster.Adding QR Codes to Land CertificatesThe MLMUPC and the Ministry of Post and Telecommunication (MPTC) have been working together to standardise QR codes and add them to land certificates which can more easily authenticate important information via the government’s verify.gov.kh. This document verification platform was launched alongside the cmhl.gov.kh, to identify property location in the Kingdom.The idea is that property owners with land certificates can go to the MLMUPC’s website to look up their land information such as location, area, and type of land among others by typing in the number of their land certificate and a security code. This forms part of the priority actions in accordance with the Cambodia Digital Government Policy 2022-2035 of the government’s Pentagonal Strategy-Phase 1. Titled, “Cambodia: My Homeland” the combination of QR codes linked to blockchain technology is intended to ensure secure and verified documentation.Under the system, the property owners can request public services regarding land administration by paying a service fee of 20,000 riels (approximately US $5) and pay digitally via e-banking services such as ABA Pay, Wing, VISA, and MasterCard.  You can read more to understand the differences between Land Titles in Cambodia.

Located in Phnom Penh’s Koh Pich district, Diamond Bay Garden stands as a beacon of modernity and comfort. The 39-story, award-winning waterfront tower combines sleek amenities with contemporary features, offering residents a range of living options, from cosy studios to family-friendly three-bedroom units. With its prime location at the confluence of the Mekong, Tonle Sap, and Bassac Rivers - Diamond Bay Garden boasts panoramic views of Phnom Penh’s bustling cityscape and the three rivers, creating a balance of urban living and scenic landscape. Beyond the residences, the condominium offers exclusive amenities, including a swimming pool facing the Bassac River, a fully equipped fitness centre, and a Sky Bar and Restaurant, making Diamond Bay Garden a destination for comfort and community.The Koh Pich Central Business DistrictKoh Pich is increasingly becoming one of Phnom Penh’s most desirable locations. As a vibrant and emerging Central Business District (CBD), Koh Pich offers an array of lifestyle, educational, and commercial conveniences that cater to the diverse needs of its residents, and provide long-term investment opportunities. Diamond Bay Garden stands as a gateway to this thriving CBD, allowing direct access to landmarks, lifestyle facilities, and numerous food and beverage options from international coffee chains like Starbucks Reserve to local eateries, and business centres.A Prime Location for Living, Working, and ConnectingDiamond Bay Garden’s location within Koh Pich brings attractive amenities right to residents' doorsteps, offering direct access to top-tier schools, over eight hectares of parks, riverwalks, green areas, premium office spaces, shopping venues, embassies, and state-of-the-art hospitals. Koh Pich’s gradual evolution into a fully integrated CBD has enabled residents and investors to find a “live-work-play” environment with some of Phnom Penh’s finest offerings only minutes away.Coconut Park: A popular outdoor green space within Koh Pich - Coconut Park provides a tranquil oasis for visitors of all ages. This lush area is perfect for weekend picnics, families, pets, pop-up retail, sports, and community gatherings—making it one of the rare green spaces in Phnom Penh.International Schools and Higher Education: For parents, access to quality education is a priority. The Canadian International School (CIS), French International School (EFI), and DeMontfort University offer world-class curriculums right within Koh Pich. Known for their top-tier facilities and commitment to academic excellence, these institutions are among the best choices for both expatriate and local families.High-Grade Offices: Koh Pich CBD boasts over 700 businesses, from Fortune 500 companies to innovative start-ups, creating a dynamic professional ecosystem. Residents of Diamond Bay Garden are minutes from premium and sustainably designed office spaces, and investors stand to benefit from the presence of over 7,000 professionals working in Koh Pich.Concerts, Events and Leisure: As one of Phnom Penh’s premier destinations for entertainment, Koh Pich hosts concerts featuring local and international stars alike, including Cambodian artists like Mann Vannda and Aok Sokunkanha, as well as global icons like Manny Pacquiao, PSY, and Jessie J. Entertainment Venues in the Koh Pich CBD routinely welcome over 20,000 visitors during events. Beyond concerts, from Google Cloud gatherings to the Ethereum Foundation conferences and large construction fairs - Koh Pich has hosted events from a wide range of industries and sectors. For residents of Diamond Bay Garden, this translates to lively entertainment and valuable networking opportunities within walking distance.The DeveloperDiamond Bay Garden is the collaboration between two prominent players in the real estate industry: Overseas Cambodian Investment Corporation (OCIC) and The Ascott Limited.OCIC: As a pioneer in Cambodian infrastructure and real estate, OCIC has played a significant role in the country’s transformation, delivering a series of iconic projects. With over 25 years in operation, OCIC has completed more than 50 projects across Cambodia, including prestigious residential complexes, commercial spaces, and major infrastructure like the Techo International Airport and the Norea Cable Bridge.The Ascott Limited: Managing the Guaranteed Rental Return (GRR) units located between floors 27 to 37, as well as the Sky Bar and Restaurant under the Somerset Diamond Bay Garden brand, is The Ascott Limited - a globally recognized name in the hospitality industry. With over 830 properties across 40 countries, Ascott brings deep expertise in property management. The GRR units offer investors bi-annual rental payments totalling 70% over ten years, ensuring both consistent returns and ease of management.Together, OCIC and Ascott bring a blend of local and global expertise to Diamond Bay Garden.Where Rivers Meet CityDiamond Bay Garden presents a promising opportunity in Phnom Penh’s real estate market, combining modern living spaces with a prime location in Koh Pich’s CBD. Whether you’re an investor seeking returns or a resident searching for the ideal home, Diamond Bay Garden offers a strong mix of lifestyle and value.

Located in the heart of this vibrant area, known for its international dining, boutique shops, and proximity to key landmarks, Le Conde BKK1 offers the perfect balance between urban connectivity and thoughtfully curated living spaces.Le Conde offers a variety of thoughtfully designed units to suit different lifestyles and needs. With over 1,000 units across its elegant high-rise, the development features studio apartments, one-six bedrooms unit, each carefully planned to maximize space and functionality. As of October 2024, the project has reached 90% construction completion and is ready to hand in by early 2025, reflecting the developer's commitment to quality and timely delivery. WANG FU GUO JI PROPERTY DEVELOPMENT CO., LTD is known for its expertise in creating high-quality residential projects, ensuring that Le Condé BKK1 meets the expectations of modern urban living.Boeung Keng kang 1 or BKK1 is Phnom Penh’s most wanted neighborhood for a reason. Its mix of cultural landmarks, trendy cafés, and high-end shopping make it the center of the city’s urban growth. Le Conde is ideally positioned to give residents access to everything the district offers. Whether it’s a quick trip to AEON Mall, a leisurely evening walk to Independence Monument, or enjoying the district’s diverse culinary scene, residents are always connected to the best of Phnom Penh.Beyond the homes, Le Conde offers a wide range of amenities that elevate everyday living. The rooftop infinity pool provides stunning views of Phnom Penh, while the fully equipped gym caters to fitness enthusiasts. Shared spaces like the reading lounge and multi-purpose halls encourage a sense of community, and professional concierge services handle the small details, allowing residents to focus on what truly matters.   As Cambodia’s leading real estate platform, Realestate.com.kh is proud to showcase Le Conde BKK1 as one of Phnom Penh’s most promising developments. With a proven track record of connecting buyers, developers, and agents, Realestate.com.kh ensures that projects like Le Conde BKK1 are accessible to local and international investors seeking quality homes or high-potential investments.To sum up, Le Conde exemplifies the art of living well—offering not just a residence but a thoughtfully designed lifestyle in Phnom Penh’s most dynamic district. Explore this unique opportunity through Realestate.com.kh and discover why it’s more than enough for those who value modern urban living.

What Are Green Investments?Green investments refer to traditional investment options—such as stocks, exchange-traded funds (ETFs), mutual funds, or bonds—focused on supporting companies and projects that prioritize environmental sustainability. These investments target businesses actively working to reduce their ecological footprint by implementing practices like waste reduction, carbon emission control, resource conservation, and enhanced energy efficiency. Unlike conventional investments, which primarily seek financial gains, green investments aim to provide returns while contributing to the planet’s well-being.In today’s world, where climate change and environmental challenges are pressing issues, green investments allow investors to align their financial goals with sustainable values, providing a unique way to build wealth while supporting eco-conscious enterprises.Sustainability as a Core Value:In the real estate industry, sustainability has become a fundamental value in green investments. As environmental awareness grows, developers, investors, and consumers are increasingly prioritizing eco-friendly practices. Green investments focus on creating energy-efficient buildings, using sustainable materials, and minimizing environmental impact. For example, Picasso Sky Gemme the design integrates sustainability and art to create a city garden in the heart of a bustling metropolis. This blend of eco-friendly practices with artistic beauty brings humanistic, green spaces to urban living.By integrating renewable energy sources and reducing carbon footprints, sustainable real estate not only addresses urgent environmental concerns but also offers long-term financial benefits. This approach attracts environmentally conscious buyers and tenants, increases property value, and lowers operational costs, establishing sustainability as a central pillar in the future of real estate investments. 'Government Incentives and Regulations:Governments worldwide support green building investments through tax incentives, subsidies, and regulations, making eco-friendly real estate financially appealing. These measures encourage developers and homeowners to prioritize sustainability, with mandatory energy standards ensuring compliance and quality.Investing in green real estate offers significant benefits. Environmentally, it reduces emissions, supports biodiversity, and conserves resources. With incentives and innovations, green homes are more affordable, and energy-efficient designs cut utility costs, offering long-term savings. Green homes also hold a competitive market edge, are future-proofed against upcoming standards, and promote health by creating quality living spaces.Consumer Demand Is Shaping the MarketDemand, or the desire of consumers to purchase a product or service, drives market activity by prompting businesses to adjust supply. In real estate, rising consumer demand, especially from environmentally-conscious Millennials and Gen Z, is fueling green investments. These generations seek homes and offices that reflect their values, prioritizing energy-efficient features like solar panels, smart thermostats, and low-flow water systems. Time Square 8 exemplifies this shift, balancing quality and affordability in Phnom Penh’s growing market with eco-friendly design elements that align with today’s sustainable lifestyle expectations. For developers, adding such sustainable elements is no longer a trend but an expectation.Green Real Estate Investments Are the FutureThe real estate sector’s significant contribution to carbon emissions and energy consumption makes sustainable practices essential. Green real estate investments allow eco-conscious investors to support sustainability while earning returns. As demand for low-impact properties grows, the green real estate market is expanding, becoming a valuable part of investment portfolios. By integrating environmental responsibility with profitability, green real estate investments contribute to a sustainable future and a healthier planet.Conclusion: Long-Term Financial and Environmental BenefitsGreen real estate investments are reshaping the industry by prioritizing sustainability in design and construction. As consumer demand for eco-friendly properties rises, alongside government incentives, developers are recognizing the financial advantages of going green. Energy-efficient buildings offer lower operational costs, higher property values, and stronger returns on investment. Moving forward, green investments will continue to lead the way in building a more sustainable, profitable, and environmentally responsible real estate market.

In an era where digital transformation drives economic growth and innovation, Cambodia is taking bold steps to modernize its economy through the Digital Economy and Society Policy Framework 2021–2035. This ambitious, forward-thinking policy aims to position Cambodia as a dynamic digital economy within Southeast Asia by embracing technological advancements, digital infrastructure, and innovation over the next 15 years. Here’s a deep dive into what the policy entails and the transformative impact it’s poised to bring.1. Background and Vision for a Digital CambodiaThe Cambodian government envisions a fully integrated digital economy that supports sustainable, inclusive growth and improves the quality of life for citizens. As stated in the policy framework, the primary goal is to develop a digital ecosystem that not only enhances economic productivity but also aligns with global standards in digital trade, data management, and innovation. By 2035, Cambodia aims to be recognized as a leading digital nation in the region, one that attracts international investments, fosters local innovation, and strengthens its digital readiness across various sectors.2. Key Objectives of the Policy FrameworkThe Digital Economy and Society Policy Framework outlines several strategic objectives to drive Cambodia’s digital transformation: Economic Diversification: Encouraging the use of digital technology across sectors, including manufacturing, agriculture, finance, and education, to foster diverse economic growth beyond traditional industries.Inclusive Digital Access: Ensuring equitable digital access to all Cambodians, especially those in rural areas, to reduce the digital divide and enable widespread participation in the digital economy.Skill Development: Creating initiatives to upskill the Cambodian workforce, from basic digital literacy to advanced digital skills, to meet the demands of a modern economy.Digital Governance: Establishing a regulatory environment conducive to digital innovation, cybersecurity, and data protection, building trust and resilience in Cambodia’s digital infrastructure.These objectives are aimed at creating a balanced digital ecosystem that can serve both economic and social goals, integrating technology into everyday life and business operations.3. Strategic Phases for TransformationThe policy framework is structured across three key phases, each focusing on specific goals:Phase 1 (2021–2025): Building FoundationsThe first phase emphasizes establishing the foundational digital infrastructure, such as high-speed internet networks, data centers, and digital ID systems. This phase is crucial for laying the groundwork that will support broader digital adoption and integration. Initiatives under this phase include expanding internet access in underserved areas, promoting e-governance platforms, and launching digital literacy programs in schools.Phase 2 (2026–2030): Accelerating IntegrationThis phase aims to integrate digital technologies into priority sectors, such as finance, agriculture, education, and tourism. It will involve developing sector-specific digital platforms to enhance efficiency, productivity, and market access. For example, the promotion of e-commerce platforms for local businesses and agritech solutions for farmers will facilitate growth across industries and broaden the scope of digital adoption in both urban and rural areas.Phase 3 (2031–2035): Achieving Maturity and Global CompetitivenessThe final phase seeks to position Cambodia as a competitive digital economy on the global stage, with a focus on innovation, digital exports, and knowledge-based services. By this phase, Cambodia aims to be a leader in digital governance and to foster a thriving digital sector that can compete internationally, attracting tech-driven investments and nurturing a robust digital startup ecosystem. 4. Fostering a Digital Workforce and InnovationA central focus of the Digital Economy and Society Policy Framework is workforce development. Recognizing that a successful digital transformation depends on a skilled workforce, the policy prioritizes education and specialized training programs to cultivate foundational and advanced tech skills. In response to the Ministry of Education’s emphasis on digital readiness, the National University of Management established the Faculty of Digital Economy, designed to equip students with knowledge in emerging fields such as AI, IoT, blockchain, and data science. This new faculty aims to provide structured pathways into digital professions, fostering a tech-savvy workforce that aligns with Cambodia’s digital ambitions.To complement these educational reforms, the policy promotes innovation hubs and incubators that will support startups, allowing Cambodia’s youth and entrepreneurs to create, test, and scale technology-based solutions. By fostering a digitally capable workforce, Cambodia is positioning itself to take full advantage of the opportunities in the digital economy, building a strong talent pipeline that will fuel the nation’s growth in the digital era.5. Digital Infrastructure DevelopmentBuilding a robust digital infrastructure is foundational to Cambodia’s digital transformation goals, as outlined in the Digital Economy and Society Policy Framework. By investing in high-speed internet, secure data centers, and advanced cybersecurity measures, Cambodia is establishing a digital backbone that will support innovation and efficiency across all sectors, including real estate.For the real estate sector, enhanced digital infrastructure enables platforms like Realestate.com.kh to deliver faster, more reliable services to clients and agents. A stable internet network allows for seamless online property listings, virtual tours, and real-time communication, which are essential for connecting buyers, sellers, and developers. As digital infrastructure expands into more regions, it enables greater accessibility to property markets, allowing potential investors to explore listings online from anywhere, thus opening new opportunities for growth.These advancements are particularly beneficial for real estate companies that rely on digital platforms to reach a broader audience, streamline transactions, and provide transparency. With a stronger digital infrastructure, Cambodia is setting the stage for a modernized real estate market, fostering trust, accessibility, and efficiency for all stakeholders involved.6. Promoting E-Commerce and Digital TradeThe rise of e-commerce in Cambodia has been remarkable, with an increasing number of businesses and consumers participating in online transactions. The policy framework includes measures to strengthen digital trade by improving payment gateways, logistics, and customer protections. By standardizing and simplifying the digital trade environment, Cambodia aims to attract more international e-commerce platforms and encourage local businesses to expand their online presence, driving growth in the retail and services sectors.7. Building Digital Trust Through RegulationAs digital adoption accelerates, maintaining a secure and trustworthy digital environment is essential. The framework emphasizes digital governance through data protection laws, consumer protection policies, and cybersecurity protocols. These regulations aim to safeguard users’ data, ensure fair trade practices, and foster trust in digital services. By implementing these protections, Cambodia aims to create an environment where individuals, businesses, and investors feel confident engaging with digital platforms and services.8. Challenges and OpportunitiesWhile Cambodia’s Digital Economy and Society Policy Framework is an ambitious step forward, it comes with challenges. Limited internet access in rural areas, low levels of digital literacy among the general population, and funding constraints for infrastructure development are key obstacles. Addressing these challenges requires a concerted effort from both public and private sectors, as well as partnerships with international stakeholders.However, the opportunities are immense. As Cambodia progresses through each phase, the potential for economic growth, job creation, and technological innovation will expand. The digital economy opens doors for new business models, enhanced efficiency, and increased competitiveness in the global market.A Digital Future for Cambodia-The Digital Economy and Society Policy Framework 2021–2035 is a transformative vision that places Cambodia on the path to becoming a digitally empowered nation. Through careful planning, phased implementation, and collaboration with key stakeholders, Cambodia aims to unlock the full potential of digital technology. This policy framework not only promises economic growth but also seeks to create a society where digital inclusion is a priority, ensuring that all Cambodians have the opportunity to benefit from a connected world.As Cambodia moves forward, this ambitious policy stands as a testament to its commitment to embracing the digital future, with the promise of a more vibrant, inclusive, and sustainable economy for generations to come.

An internationally modern, 4-star, 36-story hotel has officially groundbreaking alongside The Flora Suites condo in the prime area of Boeung Keng Kang 1, Chamkarmon district.The Flora, a major real estate development company, has partnered with Accor Group to initiate the construction of a 130-meter-tall, 36-story international 4-star hotel named Mercure Hotel Phnom Penh. This hotel, featuring 200 rooms, is located at the intersection of Street 392 and Street 71, in the Boeung Keng Kang 1 area, Chamkarmon district, Phnom Penh.The official groundbreaking ceremony for Mercure Hotel Phnom Penh was held on the morning of Thursday, November 7, 2024, with the presence of prominent figures including Oknha, distinguished guests, national and international dignitaries, and business partners.Oknha Lim Koklong, CEO of The Flora, warmly welcomed all distinguished guests at the groundbreaking ceremony. According to him, the Mercure Hotel Phnom Penh is being constructed alongside The Flora Suites condo, also a 36-story building located in the highly desirable Boeung Keng Kang neighborhood near the Chea Sim Boeung Keng Kang High School in Boeung Keng Kang 1.Mercure Hotel Phnom Penh, part of Accor Group’s 5,300 hotels across 45 brands in 110 countries, will feature over 200 rooms, a multi-purpose hall, fine dining (Omakase/VIP Party Room), a café, fitness club, spa, sauna, library, swimming pool, children’s playground, and extensive parking facilities for cars and motorcycles.Oknha Lim Koklong further highlighted that Mercure Hotel Phnom Penh contributes to national development by providing employment and human resource growth, aligning with the Royal Government’s strategic pentagon for the 7th mandate under Prime Minister Hun Manet.The unique aspect of Mercure Hotel Phnom Penh and The Flora Suites condo is that these adjacent buildings complement each other, providing residents of The Flora Suites with access to Mercure Hotel’s services, including accommodations, dining, and more, without needing to leave the premises.About The Flora: • With over ten years of investment in Cambodia, The Flora has successfully developed three major real estate projects, including the extensive Borey The Flora project, which spans approximately 200 hectares along National Road 6A in Chroy Changvar district. • Leveraging years of real estate experience, customer trust, and the resurgence in Cambodia’s real estate and hospitality sectors, The Flora has partnered with Accor Group to officially break ground on the 36-story, 4-star Mercure Hotel Phnom Penh in Boeung Keng Kang 1, Chamkarmon district. • In addition to real estate and hospitality success, The Flora also serves as the distributor for BYD vehicles, with branches on Preah Monivong Boulevard and in Chbar Ampov district.

Over the past few decades, Cambodia has experienced transformative growth, moving from a country known for its rich cultural heritage to an emerging economic hub in Southeast Asia. As Cambodia modernizes, many are beginning to wonder: Could Cambodia be the next Singapore?To answer this, let’s explore the key areas where Cambodia is showing rapid progress and development that hint at a similar path Singapore took.1. Economic Growth and DevelopmentAccording to the world bank, Cambodia's economic landscape has undergone significant transformation over the past two decades. Between 1995 and 2019, the country achieved an average annual GDP growth rate of 7.6%, positioning it among the fastest-growing economies globally. This economic progress has been sustained by strategic investments in sectors such as real estate, tourism, manufacturing, and the growing digital economy. Foreign direct investment (FDI) has been pivotal, with China as a primary contributor, investing significantly in infrastructure projects, real estate developments, and manufacturing since 2005. As of 2022, Cambodia's FDI inflows were approximately $3.58 billion, a testament to the country's growing appeal as an investment destination (Statista, 2022). Other countries, such as South Korea and Japan, have also made substantial contributions, particularly in real estate, agriculture, and finance. This flow of FDI has created job opportunities, expanded Cambodia’s middle class, and fueled demand for urban infrastructure in rapidly developing cities like Phnom Penh and Sihanoukville.Additionally, Cambodia’s strategic location in Southeast Asia provides easy access to major sea lanes which provides easy access to essential trading routes, enhancing its appeal as a regional hub. In a way similar to Singapore, Cambodia is leveraging its geographical location to attract foreign investments and foster economic integration within ASEAN.2. Real Estate Boom and UrbanizationCambodia’s real estate sector is experiencing a period of rapid growth, particularly in its capital, Phnom Penh. High-rise buildings, luxury condominiums, and mixed-use developments are transforming the city’s skyline, indicating a thriving demand for both residential and commercial properties. Districts such as Toul Tum Poung and Boeung Keng Kang (BKK1) have emerged as vibrant hubs for new projects, drawing both local and international investors who recognize Phnom Penh’s potential as a rising urban center (CBRE Cambodia, 2023).This growth is further supported by major infrastructure projects aimed at enhancing connectivity and accessibility. Notable developments include new road networks, the construction of the Techo Takhmao International Airport, and extensive expressway systems. The Techo Takhmao International Airport, scheduled to open in phases beginning next year, is expected to initially accommodate 13 million passengers, with a projected expansion to 50 million by 2050 (The Sun, 2024).At the center of this real estate expansion is Realestate.com.kh, Cambodia’s leading online real estate platform. By providing a trusted, accessible marketplace, Realestate.com.kh connects developers, agents, and buyers, facilitating property transactions on a national scale. As the exclusive marketing partner for many major projects, Realestate.com.kh is instrumental in driving awareness and building demand for new developments across Cambodia. This role not only aids in promoting high-quality projects but also strengthens investor confidence by ensuring a streamlined and transparent buying process.Realestate.com.kh’s Connect Center has also been a game-changer, creating a space where agents and developers receive support, professional training, and access to the best tools for reaching potential buyers. This initiative is enhancing service standards across the industry, helping Cambodia’s real estate sector grow more connected, professional, and investor-friendly.For buyers and investors, this real estate boom represents a promising opportunity. As property values in Phnom Penh continue to appreciate, developments are emerging that combine luxury living with affordability, attracting both high-end investors and young professionals. New projects are being introduced with attractive starting prices, making the dream of urban living more accessible. From affordable condos to upscale residences, the real estate market in Cambodia is evolving to cater to a diverse range of buyers, much like the early years of Singapore’s property development boom.With these factors in play, Cambodia’s real estate market is poised for sustained growth. Investors looking for high returns are increasingly drawn to the country’s affordable property prices, strategic location, and rapidly expanding urban infrastructure. Realestate.com.kh’s expertise and influence in the market will likely continue to drive this sector forward, solidifying Cambodia’s place as a future economic and urban powerhouse in Southeast Asia.3. Tourism and Cultural AppealTourism remains a significant driver of Cambodia’s economy. In 2023, Cambodia welcomed approximately 5.43 million international tourists, marking a notable increase of 139.5% from the previous year’s 2.27 million arrivals, highlighting the resilience and importance of the sector (Tourism Cambodia, 2023). While the iconic Angkor Wat continues to attract global attention, Cambodia is diversifying its tourism portfolio with new developments in eco-tourism resorts, cultural heritage sites, and luxury hospitality projects. For instance, eco-tourism initiatives saw a 250% increase in visitors, with 341,621 domestic and foreign tourists recorded in the first four months of 2022 compared to the same period in 2021 (B Consulting Cambodia, 2022).Singapore’s success as a tourism destination was also built on a mix of cultural heritage, innovative attractions, and exceptional hospitality. Cambodia is following suit, broadening its tourism appeal and creating sustainable tourism experiences that highlight its cultural and natural assets.4. Emphasis on Digital TransformationThe digital economy is a priority for Cambodia’s government as it works toward a more connected future. Initiatives to promote digital literacy, expand internet access, and encourage technology startups are gaining momentum. Programs like the Cambodia Digital Economy and Society Policy Framework 2021–2035 set ambitious targets for digital transformation, aiming to make Cambodia a leader in Southeast Asia’s digital landscape. Singapore’s own transformation into a digital economy powerhouse was driven by government support for technology adoption, education, and infrastructure. Cambodia’s current path mirrors this with a focus on digital skills development, e-commerce growth, and tech innovation.5. Special Economic Zones (SEZs) and Free TradeCambodia has established several SEZs, which offer tax incentives and infrastructure support to attract foreign companies. These zones are part of Cambodia’s strategy to create a competitive manufacturing base, particularly in garment manufacturing, electronics, and automotive parts. With the signing of free trade agreements with China and South Korea, Cambodia is positioning itself as a gateway for goods and services into ASEAN markets.Singapore’s economic success was largely based on its ability to leverage trade agreements and offer business-friendly environments for foreign companies. Cambodia is pursuing a similar strategy, striving to create a more open and efficient economy that attracts global investment.6. Commitment to Education and Skill DevelopmentSingapore’s rise was fueled by investments in education and a focus on skills development. Cambodia is beginning to make strides in this area as well. The government, with the support of international partners, is investing in education reforms aimed at improving literacy, digital skills, and vocational training. New universities and technical institutes are emerging to meet the needs of a growing workforce that is increasingly connected and tech-savvy.While Cambodia’s education system still faces challenges, these efforts show a commitment to building a skilled workforce. As more young Cambodians enter the job market with relevant skills, the country’s economy will benefit from a talent pool that supports its growing industries.7. Future OutlookIn the years ahead, Cambodia has the potential to emerge as a competitive player in Southeast Asia’s economy. With the right mix of government policies, foreign investments, and local initiatives, Cambodia could indeed chart a path similar to Singapore’s. By embracing modernization while preserving its unique culture, Cambodia has the opportunity to create its own success story and become a dynamic, prosperous nation.Conclusion: Cambodia’s Journey Toward a Bright FutureWhile Cambodia may not yet be “the new Singapore,” its transformation is certainly capturing the world’s attention. With robust economic growth, a thriving real estate market, digital transformation, and a commitment to sustainable development, Cambodia is well on its way to becoming an influential player in the region. The next decade will be crucial, as Cambodia continues to build on its strengths and address its challenges.As investors, citizens, and stakeholders, supporting Cambodia’s vision for the future is essential. Through strategic planning, innovation, and international partnerships, Cambodia can build a future that rivals the success of its Southeast Asian neighbors, including Singapore.

The CBRE Market Insights Q3 2024 report indicated some interesting trends in the Cambodian real estate market - with stabilisation and moderate growth in some segments although there is positivity over the future economic growth which remains strong for the region.Cambodian Economic Outlook 2024-2025To start with, the sales from the recently held and successful Property, Business & Lifestyle Expo 2024 saw transactions surpass USD 6 million over the two-day event, so there is still demand for the right property.Kinkesa Kim, CBRE Cambodia Managing Director, highlighted some key economic data and trends from their report. There is a positive outlook that hinges on the GDP growth of the Kingdom which is anticipated to be approximately 5.8 per cent in 2024 and grow by potentially 6 per cent in 2025. In the ASEAN region, Cambodia is tracking as having the 3rd strongest GDP growth in 2024 (behind Vietnam and India). It is the only economy in the region expected to grow stronger in 2025.There is also optimism as leading central banks internationally are cutting interest rates, notably in the EU and the US, while in China there have been new stimulus packages announced.Kim said at the EXPO that Cambodia’s real estate market is experiencing similar market cycles to other countries but said of the uniquely Cambodian aspects. “We have quite a low barrier for entry, especially in the development market, making it easy for new real estate developers to come in.”She also spoke of the age of the market which needs to be accounted for, telling B2B Cambodia, “We also are a very young market. Fifty-five per cent of our population is under the age of 35, so there are a lot of areas or stages of development that we can probably skip through. For example, within the digital realm, our population has a very quick absorption of technology. We have a very high mobile penetration rate as well, so it is a new trend for developers, even if they are experienced in the market, to have to keep up with the new generation of demand. The old playbook, or old experience, might not work the same way under this new wave of demand.From a property point of view, the US $2.19 billion invested in the first 8 months of 2024 in Cambodia is down compared to 2023. Some of the key takeaways from the CBRE Q3 report broken down by property segments are:Office - Occupancy rates are slightly up but prime rent remains flat (at around $27 sqm) - Kim noted that there is a lower work-from-home (WFH) culture in Cambodia and that most businesses are back to operating face-to-face and in offices.Retail - Occupancy rates are down but prime rent remains flat (at around $22.1 sqm)Condominium - The supply is up with 970 units launched thus far in 2024 and the price sqm is down ($2,714 sqm high-end sales price). New projects (green netting projects) are concentrated in the residential sector followed by the commercial sector.Landed Property - The supply is up with 250 units launched thus far in 2024 and the price of sqm is up for single villas ($1,177 sqm)There have also been more government-led policy activity and regulations in Cambodian real estate which have included updates on licensing, the launch of the digital platform for land registration and public services, the tax rates updates, exemptions from capital gains tax delayed to the end of 2025 etc.Cambodian Trust MarketOne area not covered in the CBRE report is the impact of the Trusts in the Kingdom, and since the Trust Regulator was established in 2021, the trust market has increased from 17 cases to a total of 1,042 cases as of October 2024 with a total value of USD $1.68 billion.The majority of cases (over 1,000) are commercial trusts valued at USD $1.16 billion, and real estate and property-related trusts account for 62 per cent of all commercial trusts.Property Segment Data - Cambodia Q3 2024Cambodia Retail SectorThe Cambodian retail sector is expected to double compared to 2023 and there have been adjustments in the supply, with  769,000 sqm expected to be added in 2024 and 862.000 sqm in 2025.The CBRE report indicated that there has been a slow absorption rate with occupancy dropping from 63 per cent in 2023 to 58 per cent in 2024. The rental adjustments have seen price drops in some segments such as podium and prime retail  - with all segments seeing declines since 2020 but some are flat compared to 2023. Food & Beverage is the biggest component of this retail segment.There has been greater flexibility from landlords in pricing and tenant mix and smaller retail projects are choosing specific target markets instead of competing with mass-market shopping malls. Landlords also used to be pickier with the brands but are now more flexible with signs of more local brand expansion in Cambodia.Cambodia Office SectorThere has been a drop in office property supply in 2024 in Cambodia. The forecast has also been reduced with additional supply expected to be 1.12 million sqm in 2024 and 1.34 million sqm in 2025. Of note, there have been no new strata offices launched in two years.Grade A offices have seen moderate growth, while overall occupancy growth is moderate to flat and overall there are suppressed prices. Grade B offices in the Phnom Penh CBD have slightly increased.Regionally, cost factors were the biggest concerns followed by location and employee experience in renewing leases.The Office segment has seen more flexibility from the landlords who are offering concessions, and better maintenance, as well as being more open to rate negotiations.Cambodia Hospitality SectorIn 2024, there will be no new 5-star hotels launched in Cambodia, with a total of 9,800 keys in 4-star hotels in the Cambodian capital and 4,200 keys in 3-star hotels. The average room rate pricing has increased in Phnom Penh and the pricing between Ho Chi Minh City, Bangkok and Phnom Penh at the top end are all similar. Hotel chains are considering offloading portfolios in favour of liquidation for cash, added CBRE, while there has been an increase in ‘condotels’ influencing the market - the condos' are operating day stays which are in direct competition with hotels.Cambodia Residential SectorThe growth of Cambodian condo project completions is slower in 2024 and there have been no “big launches in 2 years.” With slowing, CBRE indicated that this is a positive as demand will take up excess supply in the market.This year has seen the slowest condo launches since 2019 - in fact, these have dropped annually since the pandemic by ten per cent and are at the lowest since 2014.In terms of landed property, the growth is also down and is seeing the same output in 2024 as in 2019, and there have been only minor adjustments on pricing - but limited new supply.Regionally, there has been a surge in demand in the residential sector but these have been purpose-built student housing and specialized projects, for example.There has been a drop off in the high-end condo pricing while only a small increase in mid-range condos in Phnom Penh. In terms of the rental market, there has reportedly been a slight increase for all categories except the affordable range. CBRE said they are seeing an increase in the leasing market but they don't have actual occupancy data for the condo market. The same consistent advice remains in the Cambodian property market - location is still key and true to the property market in Cambodia or anywhere - but the project offering, price, developer profile and reputation are key considerations for buyers and investors.Potential Property Growth Areas In CambodiaBelow is a summary from CBRE’s Managing Director on potential growth areas from the Kingdom’s property sector Affordability – Property prices can range from US $1,500 - $2,000 per square meter within five kilometres of the Phnom Penh CBD which compares well to other cities in SEA. In addition, there is the convenience of travel, free-hold ownership opportunities for foreigners as well as flexible payment terms from developers for foreign buyers.Ongoing development of special economic zones (SEZs) – There remain inquiries into industrial spaces for SEZs which are encouraging as they attract investment.Purpose-built student accommodation and senior living – Both types of accommodation are rare asset classes in Cambodia, whereas both Vietnam and Thailand have developed senior living accommodation as they see it offering opportunities.Data centres – There remains high demand for this purpose-built property and Phnom Penh currently only has about around 5l data centres.

PHNOM PENH, CAMBODIA – Realestate.com.kh is excited to invite you to the Property, Business & Lifestyle EXPO 2024, taking place on October 19th and 20th, from 9:00 AM to 7:00 PM at the Premier Center Sen Sok. This highly anticipated event brings together the best of Cambodia’s real estate, business, and lifestyle sectors, offering an incredible experience for buyers, investors, and families alike.A Showcase of Cambodia's Best ProjectsThe Property, Business & Lifestyle EXPO 2024 will feature an impressive array of exhibitors from Cambodia’s leading developers, offering attendees a chance to learn about the most sought-after real estate projects in the country. Whether you're looking for your dream home, a smart investment opportunity, or ways to upgrade your lifestyle, this event is the perfect place to explore the latest developments.Some of the biggest names in property development across Cambodia will be on display including Odom, Rose Apple Square, Bay Of Lights, Borey Chankiri, Picasso Sky Gemme, Time Square 8, Le Conde BKK1, Diamond Bay Garden, Wealth Mansion, Borey One Tropica, Kiripark Residence & Resort and many more. Beyond real estate, you'll find top banks such as ABA Bank, Bank of China, and Shinhan Bank, along with a variety of financial services. Explore luxury automobiles from Liberty Carz and a selection of lifestyle companies, giving you the opportunity to enhance your lifestyle all in one convenient place.What to Expect at the EXPO 2024This year’s EXPO is set to feature a diverse range of booths and activities that appeal to both professionals and families. Here’s what you can look forward to:Investment Forum:On Saturday the 19th of October, attendees will have access to the Cambodian Investment Forum with seminars led by experts from various sectors. These sessions will provide valuable insights into real estate, business trends, investment opportunities, and more, giving you the knowledge and strategies needed to succeed in Cambodia’s rapidly evolving market. Whether you’re a seasoned investor or just getting started, these talks will equip you with essential information for making informed decisions. Family-Friendly Fun:We’ve made sure to create an enjoyable experience for families attending the EXPO. There will be a Kids' Play Area where children can have fun while parents explore the various booths. This ensures that everyone in the family can enjoy their time at the event, whether they’re exploring real estate opportunities or simply enjoying a day out.Food Hall by Nham24:Feeling hungry? Stop by the Food Hall presented by Nham24 for a variety of food and drink options. From local delicacies to international favorites, there will be something for everyone to enjoy. The F&B area will offer a comfortable spot for attendees to relax and recharge during the day. Why You Shouldn’t Miss the EXPOThe Property, Business & Lifestyle EXPO 2024 is not just a real estate exhibition—it’s a hub of opportunity for everyone. Whether you're looking for the best real estate deals, seeking expert advice, or simply want to enjoy a day out with your family, this event has something for everyone.Here are a few reasons why you should attend:Exclusive Offers: Many developers and businesses will be offering special discounts and promotions only available during the EXPO.Networking Opportunities: Meet with industry leaders, professionals, and like-minded individuals to expand your network and explore potential collaborations.Free Seminars: Gain valuable insights and advice from experienced speakers across various industries.Fun for the Whole Family: With a kids' play area and plenty of entertainment, it’s the perfect outing for families.Event Details:Date: October 19th & 20th, 2024Time: 9:00 AM to 7:00 PMVenue: Hall F&G, The Premier Center Sen Sok, Phnom PenhJoin us at the Premier Center Sen Sok on October 19th and 20th, and be part of an event that promises to deliver value, excitement, and opportunity. Whether you're an investor, buyer, or just curious, we welcome you to come and experience the best that Cambodia has to offer! Register for a FREE express entry: https://www.realestate.com.kh/expo/

Realestate.com.kh is excited to announce the upcoming launch of Time Square 8, a new condominium project located in the vibrant Street 410 area of Toul Tumpoung, Phnom Penh. Developed by Megakim World Corp., the trusted developer behind seven successful projects, Time Square 8 promises to deliver a vibrant and living experience to one of the city’s most dynamic neighborhoods.Time Square 8 will feature cutting-edge design, premium amenities, and a prime location that offers easy access to key landmarks such as the Independence Monument, Riverside, and the Royal Palace. Residents will also be conveniently close to AEON Mall, and surrounded by popular restaurants, coffee shops, and commercial hubs. This makes Time Square 8 ideal for both homebuyers and investors seeking convenience, value, and a promising return on investment.The developer, Megakim World Corp., has established a strong reputation in Cambodia’s real estate market, known for delivering properties that offer high ROI and value appreciation. Their past success, including the highly regarded Time Square 7, has earned them the trust of both homeowners and investors alike. With Time Square 8, you can expect the same level of quality and commitment that has defined their previous developments.Act Fast! The best units are expected to sell out within weeks, so don’t wait. If you’re looking to invest or secure your new home, contact us today to book your spot or get more information. Don’t miss out on this incredible opportunity!Stay tuned for more details coming soon from Realestate.com.kh!--------------------Learn more about the project and contact us now!Phone: +855 92 92 1000Email: info@realestate.com.khFor agents and agencies wanting more informationWebsite: Realestate.com.khPhone: +855 78 65 32 26Email: phany.chuon@realestate.com.kh

On Thursday morning of September 26th, we at Realestate.com.kh were honored to celebrate the official ground-breaking ceremony for Time Square 7, located in the thriving Toul Kork district. Our heartfelt congratulations go to the entire development team behind Time Square 7 for reaching this important milestone, marking the beginning of what promises to be a remarkable addition to Phnom Penh’s residential landscape.The ceremony was a special event, attended by key stakeholders, developers, and community leaders. The groundbreaking not only symbolized the start of construction but also reflected the excitement surrounding this ambitious project.Time Square 7 will bring easy living to Toul Kork, offering thoughtfully designed residential units with spacious layouts, amenities, and stunning city views. With its strategic location, residents will enjoy easy access to schools, shopping centers, and essential services, making it an ideal choice for families and professionals alike.The developer behind Time Square has built a solid reputation with a track record of delivering 7 successful projects, making them a trusted name in Cambodia’s real estate market. Their commitment to quality and innovation is evident in every development, and with Time Square 7 finishing soon, they continue to set the standard for excellence! At Realestate.com.kh, we are proud to support projects like Time Square 7 that elevate urban living standards and provide valuable opportunities for both residents and investors. We look forward to seeing the project take shape and contribute to the vibrant growth of Toul Kork.Congratulations again to the Time Square 7 team on this exciting journey ahead! We are eager to see the vision come to life!

Pablo Picasso, one of the most influential artists of the 20th century, left an incredible mark on the world of art. His bold use of form, color, and abstraction revolutionized the way we think about creativity, his legacy continues to resonate across various cultural domains, influencing contemporary fashion shaping visual arts and inspiring architectural design.The inspiration behind Picasso Sky Gemme Architecture and DesignDeveloped by Titan Stone Group, Picasso Sky Gemme exemplifies how Pablo Picasso’s influence on architecture, though less direct than in visual arts, has impacted modern design. This influence is particularly evident in the property, which embodies the spirit of Picasso's artistic innovations. The 52-story tower blends modern architecture with artistic inspiration, reflecting the various phases of Picasso’s work. The building's design features a series of geometric shapes and fragmented forms, much like how Pablo Picasso, a pioneer of Cubism through art, breaks down and reassembles objects into abstract forms. Picasso Sky Gemme FacadeArt-inspired Residence The developer, Titan Stone Group - holds exclusive rights from the Picasso Family, allowing it to incorporate the artist's themes into the property. Each unit within the building is uniquely designed, echoing the different periods of Picasso’s art—from his Blue Period to his Cubist explorations. Bedroom Units: Picasso’s Blue to Rose Period61 - 76 square metersInspired by Picasso’s Blue and Rose Periods, these units blend the deep, reflective tones of blue with the soft, of rose. 2 Bedroom Units: Picasso’s Surrealism93 - 118 square metersDrawing from Picasso’s Surrealist phase, these units incorporate bold shapes and abstract curves. 3 Bedroom Units: Picasso’s Cubism Period170 - 203 square metersThese units reflect the geometric forms and fragmented perspectives of Picasso’s Cubist Period. Set To Become A Living Testament to Pablo PicassoDue for completion in 2028, Picasso Sky Gemme is set to become a living testament to how Picasso’s creativity transcends not just canvas, but also modern urban living spaces. This project merges art and real estate in a way that redefines luxury living, proving that Picasso’s genius can influence even the most unexpected industries.Learn more about Picasso Sky Gemme

Following on from last week’s look at heritage building preservation with a specific focus on the hotels in the Cambodian capital, we explore the broader evolution of the city’s transformation and evolution through the eyes of architects.Examples of iconic heritage buildings in the capital include Phsar Thmei (Central Market) completed in 1937 and designed by Jean Desbois and supervised by French architect Louis Chauchon, the Central Post Office built by French town planner and architect Daniel Fabre around 1895 and two well-known tourist stops.On the flipside, the Phnom Penh Railway station has undergone recent renovations and the jury is out on whether its art deco style has been properly preserved, while the Foreign Correspondents Club (FCC) has a rich history but has been in a state of construction limbo since the pandemic and now is a sad eyesore on the riverside. Even the Chinese House was a popular restaurant until 2019 and is more than a century old (actually 120 years old this year).The colonial-era heritage buildings in Cambodia were constructed in a combination of French and Khmer styles. A 2016 study by a group of French experts in Phnom Penh evaluated there were 523 French colonial structures, including 448 residential buildings - it's not clear how many remain in 2024. Kampot and Battambang had similar and even more numbers respectively at the time of the study.The Vann Molyvann Project which ran until 2020 (named after the Kingdom’s most famous architect) was formed to raise awareness of the New Khmer Architecture movement.In 2023 the Ministry of Culture and Fine Arts started compiling a database of heritage buildings that are more than 50 years old nationwide and earmarked for protection and to be registered on a National Heritage List which includes churches, pavilions and other buildings. This was sparked following the unauthorised demolition of three heritage buildings at Wat Ounalom and the attempted demolition of an ancient stupa at Wat Botum. The three razed buildings (43, 44 and 45) were built in the 1930s but Wat Ounalom was established in 1443 and some of the buildings are centuries old. As many as 90 pagodas had been registered and legally protected from demolition by 2024.Phnom Penh’s Architectural Evolution: A Blend of History and InnovationPawel Siudecki -  Lead Architect and CEO Phnom Penh, the capital of Cambodia, showcases an architectural landscape that reflects its rich history while also embracing modern innovation. Each building within this lively metropolis tells a story of socio-political evolution and cultural identity, making Phnom Penh a living museum of architectural diversity.The city’s buildings are more than just structures; they are chronicles of its socio-political evolution and cultural identity.Historical Evolution Of Phnom PenhThe architectural tapestry of Phnom Penh is woven with strands of traditional Khmer designs, French colonial influences, and mid-20th-century modernism. Each style contributes to the city’s unique aesthetic and serves as a physical representation of different eras in its history.These diverse architectural styles not only enhance the visual appeal of the city but also provide insights into Phnom Penh's evolving identity through time.Traditional Khmer DesignsReflect Indigenous aesthetics and religious influencesOften seen in temples and royal structuresFrench Colonial Architecture In Phnom PenhIntroduced during the French colonial periodCharacterised by elegant facades and colonial mansionsMid-20th Century Modernism In CambodiaEmerged during the post-independence eraMarked by functional design and a focus on simplicitySymbolism in Phnom Penh’s LandmarksPhnom Penh's iconic landmarks, such as the Independence Monument and the Olympic Stadium, are more than mere structures; they are symbols of Cambodia's national narrative.These landmarks stand as attestations to the resilience and ambition of the Cambodian people, marking significant milestones in the country's history.Phnom Penh Independence MonumentSymbolises Cambodia’s freedom and self-determinationCelebrates the country’s emergence as an independent nationOlympic Stadium - Phnom PenhRepresents aspirations of modernisation and progressEmbodies the spirit of a forward-moving nationOn how we can balance preservation and modernisation and how the private & public sectors and government could highlight the importance of these historical buildings, Pawel Siudecki says, “A basic framework needs to be established by the government, including an enforcement arm to prevent violations. This framework should also include a comprehensive list of objects to be preserved. Additionally, private sector involvement is crucial, where architects, planners, historians, and other experts can consult with the government to develop effective preservation strategies.”Bridging History and Innovation - Adaptive Reuse in Phnom Penh's Urban LandscapeAs Phnom Penh continues to grow, the city's architectural journey is marked not only by preservation but by innovative adaptation. Just as the Independence Monument and Olympic Stadium symbolise key moments in Cambodia’s history, the trend of adaptive reuse is transforming the city's urban fabric in new and exciting ways. By repurposing old industrial spaces, Phnom Penh is bridging its historical legacy with contemporary needs, creating a dynamic dialogue between the past and the future. Factory Phnom Penh is a prime example of this, embodying the balance between maintaining historical integrity and nurturing modern creativity.Adaptive reuse not only breathes new life into forgotten buildings but also fosters a dynamic interplay between preservation and innovation, adding a new layer to Phnom Penh’s architectural narrative.Factory Phnom PenhTransformed a former factory into a bustling cultural hotspotNurtures creative communities and startupsBalances historical preservation with contemporary useSiudecki added in terms of local inspiration, “In short, deeper historical inspirations in Cambodian architecture and art, drawing from its rich cultural heritage like Angkor Wat. Next, tropical modernism - a blend of modernist design with local climate adaptations seen in contemporary Cambodian architecture. Finally, emerging Cambodian artists who also merge traditional motifs with contemporary influences, creating a vibrant, evolving art scene.”Balancing Preservation and Modernisation In Phnom PenhAs Phnom Penh undergoes rapid transformation, the challenge of balancing modernisation with heritage preservation becomes increasingly pressing. Urban planners and developers must grapple with this delicate balance to retain the city’s historical essence while accommodating new developments.Striking this balance is crucial for sustainable urban development and the preservation of Phnom Penh's unique character.In terms of modernisation efforts, they could incorporate advanced infrastructure and technology while also aiming to improve the quality of life and economic growth.From a heritage preservation perspective, a focus on maintaining the city’s cultural and historical integrity will ensure that new developments respect the historical context.Lessons in Heritage PreservationReflecting on Phnom Penh's architectural evolution offers valuable insights into the broader challenges of heritage preservation. Strategies used in preserving and revitalising heritage hotels can serve as models for maintaining historical significance while adapting to contemporary needs.By drawing connections between the preservation of heritage hotels and Phnom Penh’s architectural evolution, we highlight the importance of honouring our past while embracing future possibilities.Read more in the previously published piece on heritage hotel preservation in Cambodia.And what is Siudecki’s favourite heritage building in Phnom Penh? “My favourite building is the Institute of Foreign Languages (IFL). What makes it stand out is its design which incorporates the principles of tropical architecture. Unlike the typical boxy structures often seen in educational buildings, the IFL embraces open spaces and strong forms that allow for natural ventilation and shade, crucial for a tropical climate. This design not only promotes comfort but also creates areas where students can socialise and engage, making the IFL more than just a place for learning— a 50-year-old hub for community and interaction.”ConclusionPhnom Penh’s architectural landscape is more than a visual journey; it’s a reflection of its unique identity, where history, culture, and innovation converge. This ongoing evolution presents both challenges and opportunities, particularly in balancing modernisation with heritage preservation. By embracing this balance, we can create a sustainable urban future that honours the past while paving the way for new possibilities.See the article from The Room Design Studio here.

Phnom Penh, Cambodia – Global Titan Stone Real Estate Development and Realestate.com.kh are excited to announce their exclusive partnership at the launch of the prestigious Picasso Sky Gemme (Picasso 2) condominium project. Officially launched on 22nd August 2024, this collaboration marks a significant milestone in Phnom Penh’s real estate landscape.(Realestate.com.kh team and Ms. Smallove Teoh Seok Ai during the MOU Ceremony.) Exclusive Signing CeremonyThe signing ceremony between Titan Stone Real Estate and Realestate.com.kh took place at Picasso Sky Gemme’s official launch at Sokha Hotel Phnom Penh on Thursday. The ceremony celebrated the union of two industry leaders, each bringing unique strengths to the partnership.Picasso Sky Gemme is the latest development from the renowned Titan Stone Real Estate, whose portfolio includes acclaimed projects such as KY iCentre and the luxurious Picasso City Garden. This new venture promises to elevate urban living in Phnom Penh by offering a sophisticated blend of art-inspired design and premium amenities.(Rendered image of Picasso Sky Gemme building.)“We are delighted to partner with Realestate.com.kh, whose local and international reach will undoubtedly drive the success of Picasso Sky Gemme,” said Ms. Smallove Teoh Seok Ai, General Manager of Titan Stone Real Estate Group. “Their sales and marketing expertise, along with the tools and support they provide to all agencies and agents, will ensure that our clients receive the highest level of professional service.”(Rendered image of Picasso Sky Gemme amenities.)The partnership is expected to leverage Realestate.com.kh's expansive network and digital prowess to effectively showcase Picasso Sky Gemme to a local and global audience. This collaboration aligns with Titan Stone Real Estate's commitment to excellence and innovation in every project they undertake."We are thrilled to collaborate with Titan Stone Real Estate on the launch of Picasso Sky Gemme," said Tom O’Sullivan, CEO of Realestate.com.kh. “This project is more than just a residential development; it's a masterpiece that combines the elegance of art with the luxury of modern living. Picasso Sky Gemme will set a new benchmark for sophistication in Phnom Penh, and we are excited to play a part in bringing this vision to life."This partnership underscores the shared values of both companies in delivering unparalleled quality and innovation to the Cambodian real estate market. As Picasso Sky Gemme enters the market, it is poised to become one of Phnom Penh’s most sought-after residential addresses, attracting discerning buyers who want luxury living in a prime location.About Picasso Sky Gemme: True Luxury in Boeung Keng Kang 1 (BKK1)Located in the heart of Phnom Penh’s Boeung Keng Kang 1 (BKK1) district, Picasso Sky Gemme, commonly known as Picasso 2, stands as a unique blend of art and architecture inspired by the legendary Pablo Picasso. This 52-story landmark development brings modern elegance to one of the city’s most coveted neighborhoods, offering residents an upscale urban lifestyle with direct access to vibrant city life.(Rendered image inside Picasso Sky Gemme unit.)The exclusive residence offers only 276 units and an unmatched 8 floors of amenities. Regular amenities include both an indoor and outdoor swimming pool, dining areas, games rooms and kids zones.While Picasso Sky Gemme exclusive amenities include an outdoor theater, a multi purpose hall, Library, Indoor golf driving range, rock climbing wall, natural gardens, running track and more. (Rendered image of Picasso Sky Gemme amenities.)BKK1 is known as Phnom Penh’s premier district for high-end residential properties, trendy cafes, international schools, and boutique shopping. Picasso Sky Gemme offers residents a perfect balance between the energy of the city and the tranquility of luxury living.About Titan Stone Real EstateTitan Stone Real Estate is a prominent subsidiary of the Titan Stone Group, a diversified conglomerate with interests across various sectors. In addition to real estate, the Titan Stone Group's portfolio includes Titan Stone Life Insurance and Titan Stone Investments, reflecting its commitment to excellence and innovation across industries.About Realestate.com.khEstablished in 2009, Realestate.com.kh is the leading real estate platform in Cambodia - marketing over 20,000 properties from the leading agents and developers, and generating 1000’s of buyers and renters each year. Realestate.com.kh offers an ecosystem of products and services for agencies, agents and developers in Cambodia with the intention of creating an efficient, transparent and sustainable property market. Contact Realestate.com.khFor early bird promotions Website: Realestate.com.khPhone: +855 92 92 1000Email: info@realestate.com.khFor agents and agencies wanting more informationWebsite: Realestate.com.khPhone: +855 78 65 32 26Email: phany.chuon@realestate.com.kh

Realestate.com.kh are thrilled to exclusively introduce the pre-launch of Picasso Sky Gemme, a brand-new condo project that’s set to redefine luxury living in Phnom Penh! If you’re looking for a modern, stylish home or a fantastic investment, Picasso Sky Gemme is now your chance to be part of something truly special.Why is Picasso Sky Gemme So Special?Picasso Sky Gemme isn’t just another condo project; it’s designed to offer a one-of-a-kind lifestyle. Imagine living in a home where art meets modern comfort, with stunning views of the city skyline right from your window.Located in BKK1, you’ll be just minutes away from major shopping centers, restaurants, and the business district. Everything you need is right at your doorstep!Wanna know more? Stay tuned for the exclusive launching of Picasso Sky Gemme by this Thursday!About DeveloperWith the success of Picasso City Garden, commonly known as Picasso 1, Global Titan Stone Real Estate Development sets a promising foundation for Picasso Sky Gemme, which is poised to become another landmark in the high-rise real estate landscape.Known for its commitment to high-quality construction, innovative designs, and delivering world-class residential projects, Global Titan Stone has quickly gained a reputation for excellence. Their vision is to create iconic landmarks that enhance urban living experiences, blending comfort with modernity. With a focus on long-term value, the developer ensures that every project, including Picasso Sky Gemme, is a solid investment for homebuyers and investors alike.Be Among the First to Secure Your Unit!Realestate.com.kh will exclusively launch the special offer by this Thursday so if you want to grab the opportunity, make sure to contact us now and pre-book the slot for the special offer! Ready to take the next step? It’s easy! Simply visit Realestate.com.kh to find out more details or get in touch with us directly!

Although the residential property market is seeing price corrections and challenges in Cambodia, as they are across the region, two commercial property groups, data centres (which we have flagged before as seeing potential growth in the Kingdom due to the digitalisation and logistics drive taking place), and hotels which form a crucial part of developing the tourism sector have not faltered, with several well-known hotel brands launching in Cambodia in 2024, or have been announced.Not limited to this year, but new hotel openings in Cambodia have included brands such as the Hyatt Regency, Novotel, Tribe, Ibis Budget, Fairfield, Citadines and others bringing the hotel room stocks in Phnom Penh alone to over 15,000.New 2024 Hotel Launches In CambodiaNovotel Sihanoukville Holiday ResortNovotel Hotels, Suites & Resorts opened two new hotels in Cambodia in 2024. The hospitality brand is part of the Accor group, and in Q1, the Novotel Sihanoukville Holiday Resort opened which was their first Novotel property in Cambodia. At the time of the opening, Garth Simmons, Chief Operating Officer of Accor’s Premium, Midscale and Economy Division in Asia said, “With the growing potential in Cambodia’s hospitality sector, we are thrilled to introduce the Novotel experience to the country for the first time.”The hotel resort is located in Independence Beach, the 215-key resort has four dining options (Food Exchange, Aqua Bar & Grill, Gourmet Lobby Bar & Café, Domrei Bar & Cigar Lounge), as well as offering family-friendly facilities. The property also has a beachside infinity pool and a separate kids’ pool.The hotel offers eight room configurations, ranging from 32 sqm Standard Rooms to more high-end 96 sqm Suites that feature bathtubs and wrap-around terraces. There are also interconnecting rooms available catering to family and group vacations.Sihanoukville International Airport is 25 km from the hotel, and thanks to the Phnom Penh-Sihanoukville Expressway, a 2.5-hour drive away from the capital.Novotel Phnom Penh BKK 1Following the launch of its coastal property, Novotel Phnom Penh BKK 1 also opened in mid-2024 with a social hub and a range of dining and wellness options in the centre of the Cambodian capital.Garth Simmons said the launch reaffirmed their commitment to “contributing to the growth of the hospitality and tourism industry in the flourishing Asian region,” and the property is the 9th Accor hotel in Cambodia.Novotel Phnom Penh BKK 1 offers 254 guestrooms, from superior to executive suites, guests in the latter enjoy access to the Executive Lounge on the 20th floor, which offers private meeting spaces for work or social interactions. F&B options include Makila, Kaixo, Rosemary Pool Bar, and In Balance.Chaiya Palace Hotel - Phnom PenhThe hotel also opened in mid-2024 in Phnom Penh in Chaktomuk Commune, Daun Penh District. The Chaiya Palace Hotel’s 80 rooms feature private balconies, while the property also has an infinity pool with 360-degree views of Phnom Penh. The spa, sauna, and steam room are available to guests and F&B choices include; Savory Restaurant, a rooftop Sky Bar, and a VIP lounge. By Q3 2024, the majority of hotels in Phnom Penh were located in the capital's central Sangkats and accounted for more than 83 per cent of the total existing supply in the capital. More than half of the category of hotels will be Luxury and Upper Upscale according to recent reports.Don’t forget to attend the Realestate.com.kh Property, Business & Lifestyle EXPO 2024 in October.Hotels Under Development In CambodiaMore than 3,500 hotel rooms are in the future pipeline in Phnom Penh, and most upcoming properties are in the capital but Siem Reap and the coast should see more developments added.Angsana Siem ReapThe Singaporean multinational hospitality group Banyan Tree Holdings Limited (Banyan Group) announced in early 2024 that they would launch a hotel and resort project in Cambodia.Located in downtown Siem Reap, it was initially expected to open in the third quarter of 2024, but now seems likely to open its doors in 2025. The brand has also now partnered with DARA Hotels in Cambodia and the Angsana facilities include a lagoon-style swimming pool while all villas include a private pool. In total, there will be 158 keys with a mixture of 129 Deluxe rooms, 10 Suites, and 19 Villas.On site, there will be 5 food and beverage outlets; Three Meals Restaurant, Apsara Bar, Angkor Bar, Saffron, and Firefly Bar. There will also be MICE facilities, a spa, and a fitness centre.Ritz-Carlton Phnom PenhThe Ritz-Carlton Phnom Penh was announced this month in August 2024 and is a partnership between Royal Group International and Marriott. The hotel and residence will be located on Norodom Boulevard and form part of a broader trend of luxury brand expansion in Cambodia.Although actual details were scarce, the luxury hotel will feature five restaurants and the development is another integration of a hotel into a broader multi-facility property development that also offers residential and office spaces. The opening date was not specified.Radisson Hotel Group & Prince Real Estate Group - Prince Happiness PlazaThe two firms announced in Q1 2024 that they had signed an agreement to introduce two of the hotelier’s branded hotels to Phnom Penh’s hospitality sector by 2026.Both the Radisson RED Phnom Penh and the upscale Radisson Blu Hotel & Residences, will form part of the integrated Prince Happiness Plaza, a mixed-use development that will comprise high-end retail, dining and commercial elements. At the time of the announcement, Mr. Ramzy Fenianos, Chief Development Officer, Asia Pacific, Radisson Hotel Group, said: "We are thrilled to announce this important partnership, which provides the perfect opportunity for Radisson Hotel Group to make its debut in Cambodia. This is a key emerging market with vast potential for business and leisure travel, so this dual-branded development will add considerable value to our company's rapidly expanding portfolio in South East Asia."Radisson Blu Hotel & Residences Phnom PenhThe Radisson Blu Hotel & Residences Phnom Penh is expected to offer 250 keys and include 160 guest rooms and serviced apartments and 90 branded residences, which will include studios up to three-bedroom residences. The property will offer a rooftop swimming pool and a sky bar.Radisson Red Hotel Phnom PenhThis property will comprise 200 suites with deluxe and one-bedroom suites. The four-star hotel experience will also provide a co-working space, a reading lounge, and event venues to cater for business and social events.Find out why BKK1 Remains The Most Sought After Area in Phnom Penh.Shangri-La Phnom Penh HotelThere have not been any firm concrete updates on when this luxury hotel will open in the Cambodian capital, but it's due to be part of the premium mixed-use tower The Peak and was due to include 303 rooms, offer five dining options, a spa, and extensive event spaces.The accommodation ranges from rooms, suites and apartments sized between 45 sqm to 135 sqm, while the 51st floor will have a health club and a spa.

The Kingdom’s growing property market, which has already seen the approval of more than 1,300 construction projects to cover more than 4 million sqm in 2024, as well as the addition of an estimated 14,000 condo units expected by the end of the year has also seen new investment and property and real estate regulations passed. We review some of these regulation updates and their impacts.2024 Legal Updates In Cambodia's Real Estate SectorKey legal updates for 2024 include:Prakas No. 50 (July 19, 2024) on the procedures and formalities for registration of private units of co-owned buildings constructed before December 19, 1997.Special Program to Promote Investment in Preah Sihanouk Province.Prakas No. 047 on Land parcel development / Housing/co-owned building development / Residential Development - which replaced Prakas No. 089 dated January 20, 2020, on the management of Real Estate Development Business.There are also digitalised procedures for applying for professional certificates and licenses to conduct real estate service business in Cambodia.Prakas 050 - Procedure For Private Units In Co-Owned Buildings Built Before 1997 In Cambodia. Prakas 050 was issued by the Cambodian government on 19 July 2024, and details the registration procedure for private units in co-owned buildings built before 1997 in Cambodia. Foreigners who purchased units at such buildings can now register their soft titles or possession documents to receive official ownership titles. Foreigners who may have purchased in that period would have received a soft title and there was previously a ban on registration or transaction for these condominium units or apartments. This Prakas is an attempt by the Cambodian government for foreigners who were in this situation to apply for a possession document to obtain an ownership title - the Praka outlines the procedure to apply for the private unit certificate which entails completing the form with the Ministry of Land Management +ID + fees.What Is The Private Unit Certificate?The Certificate of Perpetual Lease over a Private Unit is a form of property ownership for long-term tenants in co-owned buildings such as condominiums or office buildings in Cambodia. This certificate is issued to the tenant by the Ministry of Land Management, Urban Planning and Construction (MLMUPC) for their private unit within the co-owned building.Co-owned buildings are structures where multiple owners reside, with each owner having exclusive rights to their private unit and shared ownership of common spaces like lounges, pools, and gyms. As of Q4 2022, there are around 30,000 condo units in Phnom Penh across 100 buildings, expected to rise to 80,000 units by 2025.To obtain this certificate, the owners of the private units must provide the original current certificates of title or other proof of legal ownership. The Certificate of Perpetual Lease over Private Unit grants the tenant long-term occupancy rights to their private unit within the co-owned building.Under Cambodian law, foreigners are allowed to own up to 70% of the private units in co-owned buildings, excluding ground and underground floors. See a guide here on the most vital documents when it comes to Cambodian property ownership.Prakas 047 - Real Estate Development Business License And PermitsPrakas 047 outlines the rules and procedures for issuing real estate development business licenses/permits, and replaces Prakas No. 089 dated 20 January 2020 on the Management of Real Estate Development Business.It should be noted that existing licenses/permits issued before the issuance date of Prakas No. 047 remain valid until their expiry date.According to legal firm DFDL, Prakas No. 047 aims to enhance the effective management of real estate development businesses and introduces two types of licenses or permits for different types of real estate development activities:Residential development or co-owned building development business licenses/permits - projects ranging from 3 to 30 houses, villas, or units require a prior permit from the relevant Capital-Provincial Department of Economy and Finance (DEF). development project with a size exceeding 30 houses, villas, or units must obtain a prior license from the Real Estate Business and Pawnshop Regulator (“RPR”) of the FSALand parcel development business licenses/permits - Land parcel development projects with a total area below 10,000 square meters must obtain a prior permit from the DEF, while projects exceeding 10,000 sqm size require a prior license from the Real Estate Business and Pawnshop Regulator (RPR).There are also further requirements on meeting capital requirements, as well as fines outlined for not fulfilling the obligations or having the required licenses and permits - fines for operating without proper licenses can range from 500,000 Riels (approximately USD $125) to 500,000,000 Riels (approximately USD $125,000).New Digitalised Procedures For Applying For Professional Certificates And Licenses For Conducting Real Estate Service Business In The KingdomThe RPR announced a new digitalised procedure for applying for professional certificates and licenses to conduct real estate service business in the Kingdom.  This forms part of the transition to online licensing procedures aligning with the Royal Government of Cambodia’s (RGC) Cambodia Digital Government Policy 2022-2035.These online licensing applications are related to real estate agency, management and valuations. Business representatives of the applicants must demonstrate that they have the necessary qualifications and experience related to the service offered (there are categories of license)As of August 1, 2024 all applicable real estate sector parent companies and branch offices can wholly apply for professional certificates and licenses for professional real estate services through the online portal of the RPR (which is called the Information Technology System Portal).Applicant companies can submit their application for professional certificates and licenses and all relevant fixtures online using the ‘CamDigikey’ app.According to the 2022 regulation, entities found undertaking real estate services or related advertisement activities without the required licensing will be liable for fines between KHR 5,000,000 and KHR 10,000,000, as well as immediately ceasing any such activities.2024 Cambodian Property Tax ObligationsProperty owners in Cambodia should be aware that the deadline to declare 2024 property tax payments is September 30, 2024. This is also known as the Tax on Immovable Properties (TOIP).On July 31 2024, the General Department of Taxation (GDT) released a circular to remind all concerned of their obligations to pay the tax and that those who do not will be subject to administrative penalties. TOIP imposes an annual tax rate of 0.1 per cent on the taxable base on immovable properties (immovable properties include land, houses, infrastructure, buildings and other constructions) that are valued at over $25,000 or KHR 100 million*. The taxable base is 80 per cent of the total value of the property value in Cambodia (including the land and building values).Taxable Base = (Property Value x 80 per cent) - (100,000,000 rielProperty Tax Payable = Taxable Base x 0.1 per centYou can pay via the “GDT Taxpayer App” which is available for download for Android and iOS devices- the Cambodian GDT recommends this method as a fast and easy way to manage required property tax payments.It should be noted that taxpayers making this year’s payment will need to provide their Property Tax Registration ID or the tax payment receipt of the previous year.*Properties under this value, as well as state-owned lands, agricultural land and industrial land, are exempt from paying property tax.