Recent Articles

Cambodia Home & Lifestyle EXPO 2023
Cambodia Home & Lifestyle EXPO 2023
June 23, 2023, 8:01 a.m.
The Realestate.com.kh Home & Lifestyle EXPO 2023 returns to the capital from 12-13 of August 2023 at the Koh Pich Exhibition Centre. The two-day property, home & lifestyle show follows on from a hugely successful event in 2022 in which USD $30 million worth of property was sold!The EXPO has a reputation for attracting Cambodia’s leading experts and brands and will showcase the finest properties, developers, banks, and insurance providers in Cambodia. This year, more amazing exclusive deals and promotions will be on offer from the Kingdom’s leading borey and condo developers, while other essential and sought-after services will be exhibited with show-exclusives for your home needs!In terms of attendees, the Home & Lifestyle EXPO 2023 is a popular calendar event and draws middle-class and affluent Cambodians, expatriates and foreign property investors, as well as guest VIP surprises who are on the hunt for the best boreys, condos, villas, and land in Cambodia.“Last year was our first event post-COVID and attracted over 12,000 people and 100+ exhibitors. This year we have had to change venues to Koh Pich to accommodate more attendees and exhibitors,” said Tom O’Sullivan, CEO of Realestate.com.khWhat You Need To Know For The 2023 EXPORealestate.com.kh’s Home & Lifestyle EXPO 2023 is an all-encompassing event that deals with all things property as a focus but also has terrific coverage of lifestyle and home products, services and more.This year, renowned property developers who will be exhibiting include: Borey Peng Hout, Prince Real Estate Group, Morgan Group, Orkide Development, Le Conde, J-Tower 3, Dragon Land, Borey Bosba, Leedon Heights, KH Land, and many more. The Cambodian property market buying sentiment in early 2023 was still strong among investors and home buyers. In the 2023 Realestate.com.kh Cambodia Real Estate Survey:A third of respondents were looking to buy property in the next 18 months.Nearly 15% indicated they were looking to buy more immediately (within 6 months).Over 60 per cent felt property prices in Cambodia will increase over the next year, and a similar number felt property prices are currently affordable in the market.Homeseekers and investors will be able to purchase sought-after properties at the best deals ever available from the developers and agents.“Not only will the event include all the leading property developers, but also 100’s of the best resale properties under market value and other industry-related products and services” added Steff Khiem, Marketing Manager of Realestate.com.khLeading Home and Lifestyle BrandsCambodia’s leading banks and insurance companies will be exhibiting - so keep an eye out for special loan offers and essential coverage for your home and other property needs. There also promises to be massive deals on other lifestyle products, cars and much much more in 2023.The Cambodian property buying market is perceived as being better informed and knowledgeable in financial literacy and a majority appreciate they will require a mortgage in order to purchase property in Cambodia.The insurance industry has seen robust growth in the Kingdom, and the sector is increasing its digitised services while customers are looking at competitive packages and a broader range of products. “We will also have food & beverage on hand as well as a kid's play area for those coming with their families,” said Khiem.Where is the Realestate.com.kh Home & Lifestyle EXPO 2023 Taking Place?This massive venue on Koh Pich in Phnom Penh is well-known and offers ample wide open spaces, access roads and parking and easy access for ride-hailing services. There are also several popular venues nearby such as parks, swimming pools, and restaurants and the Koh Pich Exhibition Centre is ideally situated close to the AEON Mall Phnom Penh, a popular shopping mall in the city.The two days are perfectly suitable for the family too as there will be engaging activities, delicious food and beverages, and the chances to win surprise prizes.How To Attend the Cambodia Home & Lifestyle EXPO 2023For those interested in attending the biggest property, home and lifestyle show in Cambodia, pre-registration is open and you can sign-up now to gain express entry.You will also be the first to know about exclusive deals and promotions at the event and be updated on who will join the Real Estate Home & Lifestyle EXPO 2023.Limited Booths AvailableThere are a limited number of exhibition booths left. If you are looking to supercharge your sales and sell directly to local first-time buyers, property seekers and investors, you can register to sponsor or exhibit at the show before the last few spots sell out! “At the EXPO 2022 we sold more than 10 units at the event and many more as we followed up our leads post-event. We have been looking forward to the 2023 EXPO to help generate more sales and continue to get our brand out there in the market,” said Sothavatey (Vatey) Mom -  FazWaz Country Manager.
Flight Resumption to Boost Tourism and Development in Sihanoukville
June 13, 2023, 9:23 a.m.
AirAsia has announced its plans to resume flights between Sihanoukville and Bangkok as well as Kuala Lumpur, starting from 1st August. The airline will operate three weekly return flights connecting Sihanoukville to Kuala Lumpur, followed by the resumption of two weekly return flights between Sihanoukville and Bangkok from 3rd August. This development comes as welcome news for both tourists and local investors, as it is expected to have a positive impact on tourism and motivate further development in the region.At present, Sihanoukville International Airport only operates two international flights, and the lack of regular air connectivity has hindered the growth potential of the coastal area and nearby islands, especially after COVID-19. However, with the resumption of AirAsia flights, the region is poised to witness a significant boost in tourism, attracting more visitors from both Bangkok and Kuala Lumpur. This increased accessibility will not only benefit tourists but also drive the local economy and encourage developers to invest in the untapped potential of the coastal region.The new flight schedule will cater to the travel needs of both business and leisure travellers. AirAsia will operate return flights between Sihanoukville and Kuala Lumpur every Wednesday, Friday, and Sunday, providing convenient options for travellers looking to explore the coastal destination or connect to other destinations via Kuala Lumpur. Return flights between Sihanoukville and Bangkok will operate every Tuesday and Saturday, offering seamless connectivity between the two cities.
What is the difference between a Condo and an Apartment in Cambodia?
What is the difference between a Condo and an Apartment in Cambodia?
June 12, 2023, 9:03 a.m.
When it comes to urban living, the terms "condo" and "apartment" are often used interchangeably. However, in the context of Cambodia, these two housing options have distinct differences. In this article, we will explore the variations between both shedding light on their unique features and helping you make an informed decision. Ownership StructureOne of the fundamental distinctions between condos and apartments lies in their ownership structure. In Cambodia, apartments are typically owned by a single entity, such as a corporation or an individual landlord. Renters occupy the units and pay monthly rent to the owner. This arrangement grants tenants flexibility, as they can easily terminate the lease agreement and move out with minimal hassle.On the other hand, condos in Cambodia follow a strata-titled ownership structure. This means that each individual unit within a condo building is privately owned. Condo owners have full control over their units and share ownership of the common areas, such as hallways, gyms, and swimming pools, with other condo owners in the same building. The management and maintenance of these shared spaces are typically governed by a condominium association or management committee, consisting of elected condo owners. Amenities and FacilitiesAnother aspect that sets condos apart from apartments in Cambodia is the availability of amenities and facilities. Condos often offer a wide range of luxurious features to attract buyers or tenants. These can include swimming pools, fitness centres, rooftop gardens, concierge services, parking facilities, and 24/7 security. The presence of such amenities contributes to a more upscale and exclusive living experience.While some apartments in Cambodia may also provide basic facilities like elevators or parking spaces, they generally lack the extensive range of amenities commonly found in condos.Apartments offer affordable housing options without added luxury or exclusivity. Price and AffordabilityConsidering the ownership structure, amenities, and overall ambience, it is no surprise that condos in Cambodia tend to be pricier than apartments. The added benefits and convenience associated with condo living contribute to their higher market value. Condos often target affluent individuals or those seeking a more lavish lifestyle. The prices of condos in popular neighbourhoods in Cambodia are generally found in the capital Phnom Penh. The prime locations are known as BKK, Koh Pich and Chamkarmon.On the other hand, apartments in Cambodia are generally more affordable. They cater to a wider range of budgets and are suitable for individuals or families looking for budget-friendly accommodation options. Apartments are often favoured by young professionals, expatriates, or students seeking a convenient living arrangement without breaking the bank. Legal ConsiderationsWhen it comes to legal considerations, the Cambodian government has specific regulations governing the sale and ownership of condos. In 2010, Cambodia introduced the Strata Title Law, which enabled foreigners to own condos above the ground floor. This policy aimed to attract foreign investment and stimulate economic growth. However, it is essential to familiarise yourself with the latest regulations and seek legal advice when purchasing a condo as a foreigner in Cambodia.In contrast, there are no specific legal restrictions on foreigners renting apartments in Cambodia. Renting an apartment is a relatively straightforward process, and expatriates or foreign workers can easily find suitable options depending on their budget.  While the terms "condo" and "apartment" are often used interchangeably, the few main points to summarise the distinctive features between both are:Condos offer a strata-titled ownership structure, a variety of amenities, and a higher price range.Apartments are usually found in buildings built before 2010 and are not eligible for strata titles. It is an affordable housing option with basic amenities such as parking spaces, or elevators if provided.Whether you are looking for an apartment or condo in Phnom Penh, we have more than 40,000 listings on our website! Click Here
Odom: Phnom Penh's Highly Anticipated Mixed-Use Development Starts Construction
June 12, 2023, 8:53 a.m.
The recent groundbreaking ceremony on 11th June 2023 marked the beginning of construction for ODOM, a mixed-use development in central Phnom Penh. Developed by Urban Living Solutions (ULS), Cambodia's leading community-focused real estate developer, ODOM aims to combine residential and commercial spaces in the heart of the capital city.  Strategic Location and AccessStrategically situated along Phnom Penh's main north-south Norodom Boulevard and adjacent to the capital's business district, ODOM provides unparalleled convenience. ODOM’s prime spot along Norodom is the most prestigious address in all of Phnom Penh. Surrounded by BKK1- Phnom Penh’s CBD, Koh Pich, and the riverside area, the development offers easy access to corporate businesses, government offices, embassies, NGOs, schools, and a vibrant dining and lifestyle scene. Its location ensures a dynamic and fulfilling urban lifestyle for residents and businesses alike.ODOM Tower: A Haven for Businesses(Photo Credit: Urban Living Solutions)The centrepiece of ODOM is the impressive 45-story ODOM Tower, which encompasses 40,000 square meters of Grade-A, strata-title office space. Designed to cater to the needs of investors seeking office spaces for rental or business owners desiring full control over their workspace customisation, the ODOM Towe is a prime choice. It offers modern amenities, state-of-the-art facilities, and a prestigious address for businesses.Residential Building: Luxury Living at its Finest(Photo Credit: Urban Living Solutions)Adjacent to the Odom Tower is ODOM Living, a 22-story residential building that houses spacious 1, 2, 3, and 4-bedroom residences. Each unit offers city views and floods of natural daylight through floor-to-ceiling windows. Residents will enjoy a host of amenities, including 24-hour security, access to a rooftop terrace, gym, pool, green spaces, and a sky bridge directly connected to the ODOM Tower.ULS's Reliability and Community Focus(Photo Credit: Urban Living Solutions)As a testament to ULS's commitment to community development, it is worth mentioning their past projects. One notable example is the successful completion of the Rose Apple Square, Urban Village (Phase 1) and Factory Phnom Penh.  ULS's dedication to creating spaces that foster a sense of community and well-being assures prospective residents and investors that ODOM will be a reliable development.
Why Cambodia 2023 Guide - Unlocking Cambodia’s Real Estate Potential
Why Cambodia 2023 Guide - Unlocking Cambodia’s Real Estate Potential
June 12, 2023, 2:01 a.m.
Realestate.com.kh has released the updated and free Why Cambodia Guide 2023 which aims to unlock the potential of Cambodian investment and real estate. The comprehensive guide enables investors to be informed and make informed decisions in a thriving investable market. The Why Cambodia Guide looks at the measures the government has implemented to attract foreign capital, such as streamlining bureaucratic processes and offering incentives for foreign investors, and discusses why Cambodia is seen as a Tiger Economy with the benefits of its strategic location within ASEAN increasing its appeal as a potential investment, logistics and tourism hub.Realestate.com.kh, the leading online property and real estate platform in the Kingdom offers a range of easy-to-use tools for property searchers and investors on their website and on their app. For this guide, they say “Whether you're a seasoned investor or simply curious about the market trends, this guide is a must-have resource.”Is Cambodia A Tiger Economy?Cambodia is a key part of the Chinese Belt and Road Initiative (BRI) which has seen massive investments pour into the country supporting wide-scale infrastructure projects (the Phnom Penh- Sihanoukville Expressway), construction projects including new airports, canals and shipping ports, and even a new stadium (Morodok Techo Stadium) in Phnom Penh which was used for the 32nd SEA Games and 12th ASEAN Para Games - the first major international multi-sporting event to be hosted by Cambodia.In 2023, the Ministry of Public Works and Transport also authorised the Chinese state-owned company, China Road and Bridge Corp (CRBC), to conduct a study on the proposed Phnom Penh-Siem Reap Expressway, while a new Phnom Penh-Bavet has also been approved.Interconnectivity by road, sea and air is a big part of the Kingdom’s roadmap to be a logistics hub and the Comprehensive Intermodal Transport Master Plan 2022 – 2030 (CIT-MP) has identified the need for nearly $50 billion investment for dozens of projects.Other key factors to consider when investing in Cambodia:The GDP growth rate is among the highest in ASEAN post-pandemic - with ADB, World Bank and other financial institutions targeting 6% in 2023 and even stronger thereafter.Companies can be 100% foreign-owned in Cambodia.Investment and Trust Laws are investor-friendly.*Cambodia has one of the fastest urbanisation rates within ASEAN.*The advent of the Cambodia Trust Law, released in 2019, has also given financial and other large international institutions more confidence to develop large asset holdings in Cambodia in more secure legal trust holds. With an emerging middle class in Cambodia, which continues to see significant growth, the latest projection is for the country to no longer be categorised as a least developed country (LDC) and move into the high-middle-income country bracket by 2027.Sector Growth in CambodiaThe Kingdom has been investing in transforming into a key business and logistics hub for the region, through a series of public-private partnerships as well as government-led roadmaps and strategies. The four economic pillars as they are known, have not changed but increased digitalisation and technology will only enhance these industries but also see other sectors experience growth.Cambodia’s Key Economic Industrial Pillars:Construction & Real EstateManufacturing: predominantlyGarment and TextilesTourismAgricultureFurthermore, the residual impacts of COVID-19 are still being felt (such as in tourism and trade) but should rebound. Globally supply chains have probably changed permanently but SEA is one of the potential benefactors.Industry 4.0 and the digital economy are part of the new economic targets of the Cambodian Government and Cambodia is ripe for growth and investment in manufacturing, logistics and as a tech hub.Cambodia Is Investor-FriendlyFDI & Ease of Doing BusinessForeigners currently investing in the Cambodian property sector, for example, hail from 18 countries and the majority are Chinese. According to the National Bank of Cambodia (NBC), in 2019, 42% of FDI (foreign direct investment) came from China, followed by South Korea (11%), Vietnam (7%), Japan and Singapore (6% equally).With no foreign exchange controls, the removal from the FATF Grey List in 2023 which means Cambodia is less likely to face economic penalties or face sanctions from FATF member states and other international bodies.  Combined with the ease of obtaining visas (and extensions) and establishing a business (which is increasingly being digitised) there is a strong interest and demand to confidently invest in the Kingdom. In terms of long-term investors, there are options to purchase citizenship or the Cambodia My 2nd Home (CM2H) program which is an initiative launched in 2022 to attract foreign investment to the Kingdom and compete with similar initiatives in the region. The CM2H program is open to all countries recognised by Cambodia with a certain investment and financial requirement. Special Economic ZonesSEZs operate under the authority of the Cambodia Special Economic Zone Board and these offer businesses a number of fiscal incentives, additional tax breaks, an infrastructural backbone and integrated customs support for manufacturing investors. Digitalisation The NBC has also been pushing for de-dollarisation, while there has been drastic and increased digitisation in payment options such as KHQR, and a number of cross-border and remittance agreements are being explored with a number of nations - including Thailand, Vietnam, China, Rwanda, India, Singapore, Malaysia, Solomon Islands & Fiji.Cambodia has also applied for membership in the Cross-Border Interbank Payment System (CIPS) which is China’s payment system and acceptance should increase the trade and investment between China and Cambodia.Cambodian Construction and Property PotentialWith 25 provinces in Cambodia - the top three areas for condominium investment are in the capital of Phnom Penh, Siem Reap (famous for Angkor Wat and as a tourism destination), and the coastal Preah Sihanoukville. Historically, Chinese, Japanese, and Koreans have been the main property buyers in Cambodia but the range is diversifying with buyers from the US, Europe, Singapore, Malaysia, and other ASEAN nations. Most investment in the commercial space is Chinese and Japanese but there has been increasing interest from India, Indonesia, and the Middle East.Based on the realestate.com.kh 2023 Consumer Sentiment Survey; Land, then Condominiums and Apartments were the most popular among buyers but The Why Cambodia Guide 2023 offers an insightful market comparison on the three types.The guide also expands on the taxes on property, the mechanism for Trusts, land prices, the types of land titles, and other vital information including the detailed market analysis and latest trends as well as the investment opportunities in residential, commercial, and industrial properties.Realetatel.com.kh says the new guide that it is “Packed with valuable insights, expert advice, and in-depth market analysis, this comprehensive guide is your essential resource for navigating the vibrant Cambodian real estate market with confidence. Whether you're a buyer, seller, or investor, the "Why Cambodia Guide" has you covered!”You can download the free Why Cambodia 2023 Guide Here
News Page Concierge Service 590x250 ENG
phnom penh condo overview  cambodia
Phnom Penh Condo Overview 2023
June 16, 2023, 7:03 a.m.
Phnom Penh has witnessed remarkable growth in its real estate market in recent years. With a surge in economic development and infrastructure projects, the city has become an attractive destination for local and international property investors. In this article, we will provide an overview of Phnom Penh's condominium market, exploring key factors influencing prices, and current market trends, and comparing them to Factors Influencing Condominium PricesLocation plays a crucial role in determining condominium prices in Phnom Penh. Prime areas such as Boeung Keng Kang, Chamkarmon and Russian Market command higher prices due to their proximity to business districts, commercial centres, and popular attractions. Condominiums located in these sought-after neighbourhoods are often associated with high-end/luxury and offer convenience.Amenities and facilities offered within condominium complexes are also significant price determinants. Condominiums with gyms, swimming pools, 24/7 security, and recreational spaces tend to have higher prices. Buyers are increasingly looking for properties that provide a comprehensive range of amenities to enhance their quality of life.Property size and type are additional factors influencing condominium prices. Studio apartments and one-bedroom units are generally more affordable, catering to young professionals or individuals seeking compact living spaces. Larger units, such as two or three-bedroom condominiums, are priced higher due to their increased square footage and additional rooms.Current Market SituationThe Phnom Penh condominium market is experiencing oversupply. The demand for properties remains an opportunity as for investors as the city's improving infrastructure, expanding business opportunities, and rising urban population contribute to the sustained interest in condominiums.In recent years, the market has witnessed an influx of new projects and developments, offering a diverse range of condominium options. Developers are capitalising on the growing demand by introducing innovative designs and premium features such as Le Conde BKK1 being Cambodia's first smart home integrated condominium. Additionally, the Cambodian government has introduced measures to attract foreign investments, such as stamp duty tax exemption for properties valued below $70,000 until the year 2023. Popular Locations In Phnom Penh Boeung Keng Kang (BKK) is a sought-after neighbourhood known for its upscale residential properties, trendy cafes, and international restaurants. BKK is home to expatriates, affluent locals, and young professionals, creating a cosmopolitan atmosphere.Chamkarmon is another desirable area, characterised by its mix of residential and commercial spaces. It offers a diverse range of housing options, from modern apartments to traditional Khmer-style houses. Chamkarmon is known for its proximity to the popular riverside area, as well as its shopping malls, schools, and cultural attractions. The neighbourhood appeals to residents seeking a balance between urban convenience and a relaxed lifestyle.Russian Market, also known as Toul Tom Poung, is a bustling neighbourhood that has gained popularity among expatriates and locals alike. It is renowned for its vibrant market, offering a wide variety of goods, from clothing to handicrafts. Russian Market also features a range of affordable housing options, as well as a lively dining scene with local and international cuisines. Residents of this area enjoy the energetic atmosphere and the opportunity to immerse themselves in the local culture. Upcoming LocationChroy Changvar is a rapidly developing area located on the outskirts of Phnom Penh, Cambodia's capital city. Situated along the banks of the Tonle Sap River, Chroy Changvar offers a peaceful and scenic environment for residents. The neighbourhood is known for its beautiful river views, spacious residential properties, and growing infrastructure. Chroy Changvar has become increasingly popular among both local residents and expatriates due to its proximity to the city centre and its tranquil atmosphere. Residents of Chroy Changvar can enjoy a range of amenities, including schools, hospitals, shopping centres, and recreational facilities. Price Ranges Phnom Penh's condominium prices vary depending on location, amenities, and property size.In Phnom Penh, the average sale price of condo units is as follows:Studio units cost an average of between USD 50,000 - 80,0001-bedroom condominium units cost an average of USD 110,0002-bedroom counterparts units cost an average of USD 160,0003-bedroom counterparts units cost an average of USD 290,000To find out more about condominium prices in other cities, click here to download our free Why Cambodia Guide Comparison with Other Southeast Asian CitiesCompared to other major cities in Southeast Asia, Phnom Penh's condominium prices remain relatively affordable. While cities like Bangkok, Kuala Lumpur, and Singapore have experienced significant price escalations, Phnom Penh provides an attractive alternative for property investors seeking favourable investment returns. The city's potential for growth, coupled with comparatively lower entry costs, positions it as a promising destination for real estate investments.Phnom Penh's condominium market offers an interesting landscape for property investors looking on the long term in Cambodia. The city's real estate sector benefits from favourable factors such as prime locations, attractive amenities, and diverse offerings. With steady price appreciation, due to the increase in infrastructure development, the market balances affordability and potential returns. As Phnom Penh's economic prospects continue, the condominium market is set to flourish, making it a suitable time for investors to consider investing.If you are looking for a property in Phnom Penh, Sihanoukville or Siem Reap contact us here Click Here
How to Manage Property in Cambodia While Being Abroad
June 12, 2023, 7:57 a.m.
Overseas investors who own property in Cambodia often rely on property management services to effectively manage their real estate assets. Property management companies in Cambodia offer a range of services to the needs of investors, ensuring their properties are well-maintained and generating optimal returns.Here's an overview of how overseas investors typically benefit from using property management services:Property Marketing and Tenant AcquisitionProperty management companies assist in marketing the property to attract potential tenants. They leverage various channels, including online listings, local networks, and marketing campaigns, to find suitable tenants for the property.Tenant ScreeningProperty managers conduct thorough tenant screening processes to ensure that reliable and responsible tenants occupy the property. This involves conducting background checks, verifying employment and income, and checking references.Rent CollectionProperty management services handle rent collection from tenants on behalf of the property owner. It ensures timely payment, manages lease agreements, and provides detailed financial reports to investors. Property managers can also assist with setting appropriate rental rates based on market conditions and conducting periodic rent reviews.Property Maintenance and RepairsProperty management companies coordinate and oversee regular maintenance, repairs, and necessary renovations. They work with reliable contractors and service providers to address any issues that may arise, ensuring that the property is well-maintained and meets local standards.Property InspectionsProperty managers conduct regular inspections of the property to identify any maintenance or repair needs. They also ensure that tenants are adhering to the terms of the lease agreement, maintaining the property appropriately, and reporting any concerns to the property owner.Compliance and Legal MattersProperty management services keep investors informed about relevant laws, regulations, and compliance requirements in Cambodia's real estate market. They ensure that the property and its operations comply with local laws, including tenancy regulations, safety standards, and property tax obligations. By utilising property management services, overseas investors can ensure that their properties in Cambodia are effectively managed, reducing the burden of day-to-day operations while maximising the return on investment. Investors need to research and choose a reputable property management company with a track record of successful property management in Cambodia.If you are looking to invest in Cambodia and require professional assistance in managing your property, reach out to us Click Here
New Cities in Cambodia Offer Property Tax Exemptions
June 7, 2023, 2:24 a.m.
The Ministry of Economy and Finance in Cambodia has recently introduced an initiative aimed at promoting economic growth and development in several cities. With the issuance of Prakas No. 329 MEF on June 1, 2023, the ministry has announced a property tax exemption until the end of the year. This move is expected to attract property owners and investors to specific areas, stimulating economic activity and creating new opportunities. Property Tax Exemption Details:Under the newly announced Prakas, property owners in Udong Mechey town (Kampong Speu province), Arey Ksat and Sampov Poun town (Kandal province), and Bokor town (Kampot province) are relieved from property tax obligations until the end of 2023. This exemption provides an excellent opportunity for both existing property owners and potential investors to maximize their returns on property investments and reduce their financial burden in the short term.Property Registration:To benefit from the property tax exemption, property owners must ensure that their properties are registered with the provincial tax branch or the Department of Property and Property Tax within the General Department of Taxation. Proper registration will facilitate the identification of eligible properties and streamline the administration of the tax exemption process.Promising Infrastructure Developments:One of the significant factors that enhance the growth potential of these cities is the planned construction of new bridges in strategic locations. The Cambodia-Republic of Korea Friendship Bridge will connect Chroy Changvar to Arey Ksat, providing a vital link between Phnom Penh and Kandal province, and the construction of another bridge from Phnom Penh's Chbar Ampov to Kandal's Lvea Em district. These infrastructure projects will connect key areas and contribute to improved transportation networks, accessibility, and connectivity, further enhancing the attractiveness of these regions for property investments. If you are seeking properties for rent or sale in Cambodia, there is a wide range of options available to suit your preferences and budget. Contact us now to find out Click Here
Siem Reap: Still Southeast Asia's Hidden Gem for Retirement
Siem Reap: Still Southeast Asia's Hidden Gem for Retirement
June 8, 2023, 2:15 a.m.
Siem Reap has emerged as an ideal retirement destination for expatriates seeking tranquillity, rich cultural heritage, and affordable living. This article explores the key factors that make Siem Reap an appealing choice for retirees.New Airport OpeningSiem Reap will soon boast a brand new international airport, set to open in October 2023. This significant development enhances connectivity to the region and will become the largest airport in Cambodia. With a terminal capable of handling 5-7 million passengers per year in its first phase, the new airport provides seamless access to major Asian cities, serving as a gateway to Siem Reap's charms. Retirees can easily travel to and from their home countries and explore neighbouring destinations with ease.ConnectivityEfforts are underway to develop an expressway connecting Siem Reap to other major cities in Cambodia, following the successful construction of the Phnom Penh-Sihanoukville and soon-to-be-constructed Phnom Penh-Bavet Expressway. The completion of the feasibility study and subsequent submission of the report to the Ministry of Public Works and Transport MPWT for review and consideration are significant steps in this project. Once realised, the expressway will enhance mobility, reduce travel time, and provide retirees with convenient access to the other cities in Cambodia. This development further solidifies Siem Reap's appeal as a retirement hub.Proximity to ThailandSiem Reap's strategic location near the Thai border makes it an ideal retirement destination for those wishing to explore the neighbouring country. The proximity to Thailand adds an exciting dimension to the retirement experience in Siem Reap, allowing retirees to easily embark on short trips to experience Thailand's hospitality.Angkor Wat: A Special Perk for Long-Term ResidentsSiem Reap is home to the renowned Angkor Wat temple complex, a UNESCO World Heritage site. Retirees who choose Siem Reap as their long-term residence enjoy a remarkable perk: free admission to Angkor Wat for foreigners who have lived in Cambodia for more than two years. This exclusive benefit allows retirees to fully immerse themselves in the region's rich history, explore Angkor Wat, and witness breathtaking sunrises and sunsets at no cost.Retirement Visa Retirement visa offers a retirement visa that allows foreign retirees aged 55 and above to live in the country. The visa can be obtained through the Cambodian Embassy or Consulate in your home country or through an agent in Cambodia. To find out more about the criteria consult our ultimate guide to retiring in Cambodia here  If you are seeking properties for rent or sale in Siem Reap, there is a wide range of options available to suit your preferences and budget. Contact us now to find outClick Here
Understanding Guaranteed Buy-Back (GBB)
Understanding Guaranteed Buy-Back (GBB)
June 6, 2023, 6:52 a.m.
Guaranteed Buy-Back (GBB) is a concept that may not be familiar to everyone in Cambodia's real estate market. It involves a unique arrangement where developers sell properties to buyers while assuring them of repurchasing the properties at an agreed price after a specific period. These repurchase houses offer both advantages and risks for potential buyers. Let's delve into the details.Advantages of Buying GBB Projects:Risk Mitigation: GBB offers buyers a level of risk control and protection. Regardless of market fluctuations or economic downturns, buyers have the assurance that their investment will be repurchased by the developer at an agreed price. This mitigates the risk of potential financial losses.Exit Strategy: GBB provides buyers with a predefined exit strategy. It offers a clear path for selling the property back to the developer, eliminating the uncertainties and challenges often associated with traditional property sales. This can be particularly beneficial for buyers who may need to liquidate their investment quickly.Cash Flow Generation: In the case of rental properties, GBB allows buyers to generate income through rental payments until the buy-back date. This additional cash flow can help offset mortgage costs or provide a steady stream of passive income.Developer Accountability: GBB projects hold developers accountable for their commitments. Developers are contractually obligated to repurchase the property at the agreed-upon price and within the specified timeframe. This provides buyers with a certain level of security and confidence in their investment. Risks of Buying GBB Projects:Limited Profit Potential: While GBB offers risk mitigation, it may limit the profit potential for buyers. If property prices appreciate significantly during the agreed-upon period, buyers are locked into the predetermined buy-back price, missing out on potential gains from selling in the open market.Reliance on Developer: GBB projects rely heavily on the financial stability and integrity of the developer. If the developer faces financial difficulties or bankruptcy, there is a risk that they may be unable to honour the buy-back agreement. This could result in buyers losing their investment or facing challenges in securing the repurchase.Lack of Flexibility: GBB projects often come with specific contractual terms, including time limits and conditions. Buyers must adhere to these terms, limiting their flexibility to adapt to changing circumstances or market conditions. This lack of flexibility can be a disadvantage for those seeking greater control over their investment.To make an informed decision, it is imperative for potential buyers to carefully consider the advantages and risks associated with GBB projects. Thorough research, due diligence, and seeking professional advice can help individuals navigate this unique real estate arrangement effectively. By understanding the terms and conditions, buyers can mitigate potential risks and make the most of their investments in Cambodia's real estate market. If you are looking for a Guaranteed Buy-Back (GBB) project in Cambodia, our dedicated team is ready to answer your queries Click Here
Realestate.com.kh’s Exclusive Property Showcase 16-17 June 2023
Realestate.com.kh’s Exclusive Property Showcase 16-17 June 2023
June 9, 2023, 8:50 a.m.
Realestate.com.kh has planned an Exclusive Property Showcase at their offices in Phnom Penh. The event will feature a carefully selected collection of highly sought-after projects from the Cambodian property market at the best prices for two days only. Scheduled for June 16-17, the showcase aims to highlight the most desirable properties available.Additionally, the Exclusive Property Showcase will present a range of exceptional resale properties that offer excellent value compared to market prices. As a result of significant sales volumes in 2023, Realestate.com.kh has established strong negotiating power with developers, enabling them to provide the best deals to their customers.Tom O'Sullivan, CEO of Realestate.com.kh said: “At the first-ever Property Showcase in Cambodia in 2022, we sold over one million dollars in property in just two days! Similar to last year, we will only have a limited number of units - so interested buyers should register now” (see more details below).Realestate.com.kh Property Showcase 2022 -  A Success StoryIn November 2022, realestate.com.kh held its first Property Showcase (which was an invitation-only event) and partnered with leading Cambodian property developers. The showcase was one of the first property shows in the Cambodian capital post-pandemic. Steff Khiem, Marketing Manager of Realestate.com.kh, said last year “We are in a unique position to negotiate the best prices in the market and we are very thankful to our partners for going the extra mile offering never-before-seen prices for our buyers.”Participating developers in 2022 included Le Condé BKK1, Morgan Group, Urban Living Solutions, Vue Aston and Time Square. Partner developer Le Condé BKK1 sold almost $500,000 worth of property at the showcase.What To Expect in 2023Realestate.com.kh promises to have the “hottest projects & under market value resale properties” but also available at massive discounts, some up to 40%!Anyone interested in buying property in the local market and if you are looking for an unmissable deal, this applies to Cambodian nationals and foreign buyers, is encouraged to register and attend and not miss out on this exciting opportunity!There will also be transport available for buyers to physically visit the properties during the two days. What Properties Are Available - 2023 Property ShowcaseThe upcoming Property Showcase features a diverse range of developments, including Le Condé BKK1, Time Square 306, J Tower 3, Residence H, Rose Apple Square (Siem Reap) and more. This event will bring together exclusive participation from renowned developers. These properties offer promising opportunities with units of high capital growth and rental yields. Additionally, the showcase will unveil under-market value properties, providing attendees with a chance to discover hidden gems in the Cambodian real estate market. This June 2023 Showcase promises a multitude of options, from modern condos in Phnom Penh to charming properties in Siem Reap, ensuring there's something to suit every taste and preference for investors and homeowners alike.How to Attend The Realestate.com.kh 2023 Property ShowcaseYou can register and attend physically or participate online via the Online Property Showcase website - but you need to register first.The participating projects and resale properties will be announced in due course, so stay tuned to realestate.com.kh socials for more information.Dates: Friday 16th June from 10AM till 7PM & Saturday 17th June 10AM till 5PMVenue: Realestate.com.kh Office, Level 1, Corner Street 302 & 63, BKK1 (Phnom Penh)Cambodia’s largest online classifieds portal has run a number of successful property shows, including its flagship Expo which will take place later this year.
Condo & Borey: Which is Best for Your Lifestyle?
Condo & Borey: Which is Best for Your Lifestyle?
June 2, 2023, 4:06 a.m.
When it comes to buying a property in Cambodia, there are many options to consider, from apartments and shophouses to condos and boreys.Each has its own unique value, so it's important to weigh your options carefully before making a decision.In this article, we will explore the pros and cons of condo vs borey. What is a condo, and what is a borey?Condos and Boreys are popular choices in Cambodia, but what exactly are they?A condo is a type of property where you own the unit itself, but not the land it sits on.Borey, on the other hand, is a gated community consisting of multiple houses that are typically built on their own plots of land.So, which one is better for you? Let's take a closer look at some of the pros and cons of each. CondoPros:Amenities: One of the biggest advantages of a condo is that they often come with a range of amenities such as a gym, swimming pool, and communal areas. This means you have access to all of these facilities without having to maintain them yourself.Security:  A condo often has security measures in place such as gated entrances and 24-hour security personnel.Low Maintenance: With a condo, you don't have to worry about maintaining the exterior of the building, the common areas, or the landscaping. This is taken care of by the property management team.Condominium buildings are often built in areas close to groceries, parks, restaurants, and other amenities.Cons:Association Fees: While the amenities and maintenance may be convenient, you'll have to pay monthly association fees to cover the cost of these services.Limited Privacy: Living in a condo means that you're near your neighbours, so you may have to sacrifice some privacy.Restrictions: Condo owners often have to abide by certain rules and regulations set by the management team or homeowners' association.BoreyPros:More Privacy: With a borey, you have your own house and plot of land, which provides more privacy than a condo.Customisation: You have more freedom to customise your home in a borey, from the layout to the decor.Potential for Appreciation: As the land that a borey sits on appreciates, the value of your home may also increase.It typically has its own infrastructure and services including roads, water, electricity, and waste management.Cons:Maintenance: Unlike a condo, you're responsible for maintaining the exterior of your home and the surrounding landscaping.Limited Amenities: Borey typically does not come with the same range of amenities as a condo, so you may have to source these yourself.Borey in Cambodia is usually located in off-central locations.So, which option is better for you? Ask yourself the following questions:What is your lifestyle like?What is your budget?What are your long-term goals? Are you looking for convenience, low maintenance, and a range of amenities? If so, a condo may be the better choice for you.Do you value privacy, customisation, and the potential for appreciation? If yes, then a borey may be the way to go.In general, a borey is ideal for families, on the other hand, a condo may suit individuals or couples.You may visit realestate.com.kh, which collaborates with all the licensed developers operating in the market to find your desired condominiums and boreys in Cambodia. Click HereArticle by:
Renting or Buying in Cambodia - Which Option is The Best For Expat?
Renting or Buying in Cambodia - Which Option is The Best For Expat?
June 1, 2023, 8:11 a.m.
Cambodia is an increasingly popular destination for expats looking for a new adventure. Due to the comparatively low cost of living in Southeast Asia, it's no wonder that many people are choosing to make Cambodia their new home.However, when it comes to finding a place to live, expats are often faced with a common dilemma: should they rent or buy? In this article, we will explore both options and provide some guidance on which may be the best choice for expats in Cambodia.Renting in CambodiaOne of the most attractive aspects of renting a property in Cambodia is the low cost of living. Rents are generally much lower than in many Western countries, even in the capital city of Phnom Penh. This means that expats can enjoy a comfortable lifestyle without breaking the bank.Another advantage of renting is the flexibility it provides. Expats who are unsure about how long they will stay in Cambodia may prefer not to commit to buying a property. Renting also means that maintenance and repair costs are the responsibility of the landlord, which can be a huge advantage for those who are unfamiliar with the local market.However, renting can sometimes be a challenge in Cambodia. For example, rental properties can be difficult to find, particularly in popular areas. In addition, landlords may not always be reliable or trustworthy, which can lead to disputes over deposits or rent payments. Finally, renting means that expats are not building equity, and they may end up paying more in the long run than if they had bought a property.Buying in CambodiaBuying a property in Cambodia can be a good option for expats who plan to stay in the country for a longer period of time. This is because property prices in Cambodia have been steadily increasing over the past few years, meaning that expats who invest now could see a good return on their investment in the future.Another advantage of buying is that expats can customise their property to suit their needs and preferences. This can be particularly appealing to those who are looking for a more permanent home in Cambodia.Before buying property in Cambodia, it is important to understand the buying process through reliable information. The legal system, ownership and land title can be complex, especially for those who are not familiar with it. Discover everything you need to know about the purchasing journey in Cambodia by simply clicking here.Which Option Is The Best?Ultimately, whether to buy or rent in Cambodia depends on individual circumstances. For those who are unsure about how long they will stay in the country or who prefer not to take on the responsibilities of property ownership, renting may be the best option.On the other hand, ex-pats who are committed to staying in Cambodia and who want to build equity may prefer to buy a property.Regardless of the choice, it's important to ask yourself these questions:Do you have any debt?Are you financially stable?Do you aspire to have a family?Is your career stable?Are you looking for a home?By narrowing down your answers, you will have more clarity on your current situation. With the right approach, buying or renting a property in Cambodia can be rewarding depending on your needs.Whether you are looking to rent or buy property in Cambodia, get in touch with us today for free viewingClick Here Article by:
Top 3 Areas for Condo Investment in Phnom Penh
June 30, 2023, 4:54 a.m.
Are you considering investing in Phnom Penh? But finding it challenging to decide on the ideal location? Look no further! In this article, we will delve into the top three areas for condo investment. Discover why BKK, Chamkarmon, and Chroy Changvar, should be at the top of your list for condo investment.BKKNestled in the heart of Phnom Penh, BKK (Boeung Keng Kang) is a district that seamlessly blends tradition with modernity. This bustling area is famous for its charming cafes, trendy shops, and a wide array of international dining options. BKK is highly sought after by foreigners due to its central location, making it convenient to access various amenities and entertainment venues. Moreover, BKK is home to several prestigious international schools like Phnom Penh International School, and Genius International School of Singapore among others making it an ideal choice for families.  ChamkarmonChamkarmon presents itself as an appealing district blending residential and commercial environments seamlessly. In particular, Tonle Bassac and Toul Tum Poung (known more commonly as Russian Market) are very popular with ex-pats, whereas Boeung Trabek and Phsar Doeum Thkov are still more Cambodian-centric.  The location boasts a great selection and range of hotels, restaurants, cafes, bars, and markets. It is also home to new commercialised areas like Koh Pich, malls such as AEON and the NagaWorld casino and entertainment complexes. Renowned for its proximity to the riverside district, as well as its abundance of shopping malls such as the Exchange Square Center, and cultural attractions like the Royal Palace.Chroy ChangvarChroy Changvar is a rapidly developing area located in the northeast of Phnom Penh. Situated along the banks of the Tonle Sap River and Mekong River, Chroy Changvar offers a peaceful and scenic environment for residents. The neighbourhood is known for its beautiful river views, newly built residential properties, and growing infrastructure. Chroy Changvar has become increasingly popular among both residents and expatriates due its tranquil atmosphere. Residents of Chroy Changvar can enjoy a range of amenities, including schools, hospitals, and recreational facilities without needing to go to the city. Ready to see properties in BKK, Chamkarmon or Chroy Changvar? Find out the latest listing on our website by clicking here Click Here
Buying the First Property: Should It Be To Live In Or To Invest?
Buying the First Property: Should It Be To Live In Or To Invest?
July 25, 2023, 9:30 a.m.
One of the key dilemmas faced by potential buyers is whether to purchase a property with the intention of living in it or as an investment opportunity. In this article, we will delve into buying a property to live in versus investing in one providing insights to help readers make informed decisions based on their objectives.Property to Live InWhen it comes to purchasing property to live in, you might be looking for a place that suits your lifestyle and offers comfort. Property that is designed to cater to specific preferences, such as shophouses, borey, or condos, is commonly referred to as "lifestyle" properties.However, it is recommended that your next purchase has the potential to serve as both a primary residence and an investment property. The adaptability of the property to meet changing needs, its potential for generating rental income, and its potential for long-term appreciation are all important factors to consider.Property for InvestmentWhen it comes to investment property, it's essential to assess whether it has the potential to appreciate in value. Several factors, such as the property's location, growth potential, and overall condition, can contribute to value appreciation.A key feature is being located in an area with high demand or that's expected to experience growth in the near future. Moreover, having significant room for valuation growth can indicate that the property is a wise investment.Lastly, a property that's well-maintained and requires minimal repairs and upgrades can be put on the market quickly and attract higher resale values. By considering these distinctive features, investors can assess the potential value gain of a property and make informed investment decisions.A Few More Tips!Whether you're looking to buy a property to live in or invest in, these tips are universal advice for your next purchase; location, new development or resale, amenities, and downpayment needed. You might buy a property to live in first and then decide to sell it later. Regardless of your decision, it's crucial to consider the property's resale potential when purchasing.A successful transaction is a property that should have the ability to generate a significant difference between the purchase price and the sale price to ensure a valuable return on investment. Moreover, the property should be adaptable, providing flexibility for different types of demands and customers. Shophouses are a good example of a property where one can live and run a business in the same property.This approach can maximise the property's potential and increase its value. Therefore, buyers should consider these factors to ensure the property's long-term value and versatility. Are you looking for properties to live and invest in? We have both on our website. Find out more by clicking here Click Here Article by:
Checklist for Buying Property in Cambodia
June 14, 2023, 6:41 a.m.
Whether you are a seasoned investor or a first-time buyer, Cambodia is becoming an attractive destination for property investment. Comparatively cheaper than other Southeast Asian countries, it offers a variety of properties and projects worth looking into. However, before you take the plunge, it's crucial to understand the process involved in property buying.In this article, we will provide a checklist for buying property in Cambodia  Checklist ✅1. Verify the Ownership (a.k.a Title)To avoid disputes and issues related to ownership, conduct a thorough investigation to ensure that the property you're interested in is legally owned by the seller or the developer. Verification of ownership is essential whether it is land or property. A title or ‘deed’ is an official document confirming who owns the property, its location, and what rights the property owner enjoys. They can be categorized into Hard title, Soft title, and Private Ownership in Co-owned Buildings – also known as Strata Title.2. Development Company RegistrationDevelopment companies must register and obtain approval from relevant ministries before proceeding with construction. To ensure legality, you can ask to see their company registration before proceeding.3. Master PlanFor any new development project, a well-thought-out master plan is crucial. In addition to obtaining other necessary licences, a detailed plan must be presented to the ministry to demonstrate the project's potential for success in the future. 4. Construction LicenceTo ensure quality the company undergoes a rigorous background check by the Ministry of Land Management. Only one registered construction company is allowed to build the units and infrastructure, and once cleared, they are granted a licence.5. The Sales License:In addition to the Construction License, the Sales License is equally crucial in the property purchasing process. This license grants developers the legal authority to sell properties to prospective buyers. It is vital to ascertain the possession of a valid Sales License to ensure that the developers have undergone the necessary procedures and obtained official approval to market and sell the property.6. AgreementsIt’s crucial to review all contracts and agreements carefully. This includes the sales and purchase agreement (SPA), lease agreement, and any other legal documents related to the property transaction. Make sure to understand all the terms and conditions, including the payment schedule, transfer of ownership, and any other relevant clauses. At Realestate.com.kh, we recommend that you engage with a professional real estate agent and a lawyer to protect your interests.Find the property of your dreams today - explore our listings, and schedule a showing at Realestate.com.khClick HereArticle by:
Koh Pich: The Ultimate Destination for Family Living
Koh Pich: The Ultimate Destination for Family Living
May 30, 2023, 6:53 a.m.
One location that deserves special consideration is Koh Pich, also known as Diamond Island, located in Phnom Penh, Cambodia. Koh Pich has emerged as a family-friendly environment with an abundance of amenities and a wide range of recreational activities. In this article, we will explore why Koh Pich might be the ideal place for family living.Family-Friendly Infrastructure:Koh Pich's urban planning focuses on creating a family-friendly environment. The island features wide sidewalks, well-maintained parks, and green spaces where families can relax and enjoy outdoor activities. Bike lanes and pedestrian-friendly paths encourage healthy living and allow for safe exploration. The presence of playgrounds and recreational facilities further adds to the island's appeal as an ideal place for families.Here are a few of our top favourites for family-friendly places: Coconut ParkOpening hours: 9 am to 7 pm, Monday to SundayEntrance is freeA serene and beautiful park located on Koh PichOffers well-maintained pathways for leisurely strollsIdeal for picnics and family activities on the lush green lawnsRoller Skating Pet-FriendlyProvides playgrounds for children, restaurants, and weekly events such as Night MarketDIB CLUBOpening hours: 9 am to 9 pm, Monday to SundayAccess is free all day with a minimum spend of 5 USD on ordersFeatures swimming pools for both adults and childrenOffers dining options, including a restaurant, bar, and lounging areasTreellion ParkOpening hours: 8 am to 10 pm, Monday to SundayEntrance is freeIncludes scenic walking trails and seating areas for a relaxed experienceCaters to visitors of all ages with various activities and attractions such as mini golf  Education is a top priority for families, and Koh Pich provides access to high-quality educational institutions. The island is home to international schools that offer world-class education, following globally recognised curricula. Canadia International School and École Française International (EFI) are prestigious international schools located in Koh Pich, providing students from preschool to high school with modern facilities.Looking ahead, Koh Pich holds even greater potential for families. As the community continues to grow and develop, more facilities, services, and opportunities will become available, further enhancing the family-friendly atmosphere of the island.Discover a range of properties and investment opportunities waiting for you in Koh Pich!Article by:
Cambodia’s #1 Property Show is BACK: Home & Lifestyle EXPO 2023
Cambodia’s #1 Property Show is BACK: Home & Lifestyle EXPO 2023
May 29, 2023, 11:23 a.m.
The Realestate.com.kh Home & Lifestyle EXPO 2023 is coming this 12th and 13th of August 2023 (Saturday and Sunday), and it’s bringing exclusive deals and promotions from Cambodia’s leading borey and condo developers, banks, insurance, and many services for your home needs!A WORLD-CLASS VENUEThe Realestate.com.kh  Home & Lifestyle EXPO will be held at the Koh Pich Exhibition Center. This grand venue is well-known among Cambodians, expatriates, and foreign investors for its wide spaces, and access roads, and is directly adjacent to AEON Mall Phnom Penh, the popular shopping mall in Cambodia today.WHO WILL BE AT THIS YEAR’S EXPO?Anything and everything related to Cambodian property will be at Realestate.com.kh’s Home & Lifestyle EXPO 2023, including the most renowned property developers such as Prince Real Estate Group, Morgan Group, Orkide Development, Dragon Land, Borey Bosba, Leedon Heights, KH Land, and many more. But buying a property is usually more than just the property itself. And this is where the advantage of buying at the EXPO truly shines.Not only will buyers be able to secure some of the best deals ever from boreys, developers, and agents at the event, but the leading banks and insurance companies will also be exhibiting and running special loan offers and coverages for your home and other property needs. Buying and securing your property needs not to be a hassle when you can do it all at Realestate.com.kh’s Home & Lifestyle EXPO 2023! It promises to be a fantastic day out for the whole family, featuring an array of engaging activities complemented by a delightful selection of food and beverages by the provided sponsors.A LOOK BACK ON THE 2022 EXPO More than 12,000 attendees, over 100 of Cambodia’s biggest brands, developers, agencies, banks, and insurance companies recently gathered for the country’s biggest property show of the year. The Real Estate EXPO 2022 held at the Premier Centre Sen Sok was a success with over $30 Million dollars worth of property sold over the weekend. The EXPO has solidified itself as part of the industry’s calendar of events as middle-class and affluent Cambodians, as well as expatriates and foreign property investors, attend the EXPO successfully securing the best deals and opportunities in real estate.  Pre-registration is LIVE! Sign-up now to get express entry at the event and updates on who will be joining the Real Estate Home & Lifestyle EXPO 2023  this coming August 12th and 13th Register now!REGISTER NOW
Why Choose To Live in BKK1 District Phnom Penh
May 29, 2023, 7:59 a.m.
Are you considering a move to Phnom Penh and wondering which area to choose for your new home? Look no further than BKK1 District. This bustling district in the heart of the city offers a host of benefits that make it an ideal residential choice. In this article, we will explore the top 10 reasons why BKK1 District should be your preferred destination in Phnom Penh.Prime Location: The Central Hub of Phnom PenhBKK1 District is the thriving epicentre of Phnom Penh, located southwest of the iconic Independence Monument. Its vibrant atmosphere, diverse culinary scene, trendy cafes, upscale residences, and commercial developments make it the most sought-after area for both locals and expatriates.Convenient Transportation: Easy Access AnywhereSurrounded by major arterial roads like Norodom Boulevard and Sihanouk Boulevard, BKK1 District offers excellent connectivity to all corners of Phnom Penh. The well-organized grid layout ensures smooth traffic flow, allowing you to navigate the city with ease and avoid congestion.Embassy District: A Global CommunityBKK1 District has earned the moniker of Phnom Penh's "Embassy District" due to its concentration on diplomatic missions. With numerous embassies and NGO headquarters, this area attracts a diverse community of expatriates, fostering a cosmopolitan atmosphere that blends cultures and perspectives.Vibrant Commercial Center: Shop, Dine, and ExploreAs one of Phnom Penh's premier commercial centres, BKK1 District offers an array of shopping options, from upscale boutiques to well-stocked supermarkets. The district is a food lover's paradise, featuring international restaurant chains, hidden bars, and authentic local eateries. There's always something new to discover.Business Hub: Thriving OpportunitiesBKK1 District serves as Phnom Penh's business and financial hub, attracting both local and international enterprises. Many multinational companies, financial institutions, consulting firms, and law offices have established their presence here, making it an ideal location for professionals and entrepreneurs seeking opportunities.International School Hub: Education ExcellenceFor families with children, BKK1 District boasts an impressive selection of international schools. With more than 35 renowned institutions offering top-quality education and diverse curricula, parents can provide their children with a globalized learning experience.Safety and Security: Peace of MindBKK1 District enjoys heightened security due to its prominence as a gathering place for local officials, business elites, and foreign residents. The presence of embassies, international organizations, and well-established companies further contributes to a safe and protected environment.Cultural Diversity: Embrace Global InfluencesBKK1 District celebrates cultural diversity, with residents from various countries and linguistic backgrounds coexisting harmoniously. It's a melting pot of languages, allowing for meaningful exchanges and fostering an environment of cultural understanding and respect.Excellent Returns on Investment: A Smart ChoiceWhen it comes to selecting the perfect neighbourhood in Phnom Penh, BKK1 District stands out as an exceptional choice. With its prime location, convenient transportation, vibrant commercial centre, international school hub, and cultural diversity, this district offers a lifestyle that combines comfort, convenience, and cosmopolitan living. Whether you're a young professional, a family, or an investor, BKK1 District is a place where you can thrive and call home.Ready to make BKK1 District your home in Phnom Penh? Explore our real estate listings in BKK1 District and discover the perfect property that suits your lifestyle and preferences. Click Here
Three Significant Exemptions To be Introduced In Construction and Land Sector
May 29, 2023, 3:35 a.m.
The Cambodian government has recently announced a significant measure aimed at promoting economic development and supporting vital infrastructure projects. The Ministry of Economy and Finance, in collaboration with the Ministry of Land Management, Urban Planning, and Construction, has introduced the exemption of three crucial public service fees. These exemptions aim to positively impact various sectors, including construction, affordable housing, and surveying. By alleviating financial burdens, the government seeks to facilitate infrastructure development and enhance the overall progress of the country.Exemption 1: Construction Permits for Private Hospitals, Private Schools, and Affordable HousingThe first exemption encompasses the provision of construction principles, land development principles, and issuance of construction permits. Moreover, the exemption extends to construction permits that exceed the official maximum land use index level. Notably, this exemption applies specifically to applications related to the construction of private hospitals, private school buildings, and affordable housing projects. By removing the associated fees, the government aims to encourage the development of essential facilities and expand the availability of affordable housing options.Exemption 2: Initial Registration of Co-ownership Buildings for Affordable HousingIn addition to the construction permits, the government has waived fees for the initial registration of the private portion of co-ownership buildings in affordable housing development projects. This exemption aims to streamline the administrative process and reduce financial barriers for developers focusing on affordable housing initiatives. By eliminating this financial burden, the government seeks to expedite the construction and completion of affordable housing projects, thereby addressing the pressing need for accessible and sustainable residential solutions.Exemption 3: First Measurement Certificate for Civil Servant SurveyorsFurthermore, the government has decided to waive fees associated with providing the first measurement certificate for surveyors who are civil servants. This exemption underlines the government's commitment to supporting professionals in the field and promoting the highest standards of accuracy and reliability in land measurements. By easing financial burdens for surveyors, the government encourages their continued excellence and proficiency, which ultimately contributes to the overall quality and credibility of land surveying in the country.The introduction of these exemptions serves as a catalyst for fostering the construction of affordable housing and supporting infrastructure development in Cambodia. By eliminating fees associated with construction permits and initial registrations, the government encourages private sector participation and investment in these sectors. This initiative not only stimulates economic growth but also addresses the critical need for affordable and sustainable residential solutions. Looking for properties in Cambodia? Contact us today to schedule a viewing and take the first step towards your dream home. Click Here Article by: