What would you define as ‘living the dream’? For many, that vision is that of a lavish home; for others, it may be the relaxation of a seemingly never ending holiday, or even the opportunity to pursue your passion on a daily basis.What if it were possible, if all of these conceptions of life, could be combined, to enable that ‘dream’, to be turned into a literal, and accessible reality?That is exactly what Aristo Developments have aimed to do through the establishment of the Venus Rock Golf Resort villas and Cyprus citizenship incentive.  The vision was that of combining, luxury, relaxation and an immense passion for the golfing sport to become a game-changing development - and  enable investors from abroad to be granted citizenship in Cyprus.Citizenship in Cyprus comes with a whole host of unique and exciting benefits, and is essentially securing the future of you, and your family. An investment in Venus Golf Resort, is one  that will grant citizenship for you and family, within six months which enables travel throughout the European Union, and best of all, this will be valid for life.From conception, the developers have aimed to redefine what is considered ‘World Class’ which Venus Gold Resort itself  , begins to be resonated in the Villa’s themselves. With two plot size options; the Royal Residences, and Premier Residences, both are completely adorned with a swimming pool, private parking and state of the art construction and fixtures. Each villa is detached and boasts uninterrupted sea views.However, what really sets these villas apart is the emphasis on privacy. The outdoor space is unparalleled, as the footprint of the property itself only accounts for 20 percent of the land plot- meaning the rest of the resident’s land comprises of large green terraces, the swimming pool and landscaped gardens to truly encompass the Mediterranean lifestyle.Though privacy is a priority, the developers have envisioned the need for community, and leisure, which comes from the villa’s surrounding the notorious Secret Valley Golf Club. This world class institut boasts a fully functional 18- hole signature championship golf course, 300 meter driving range and full time golf teaching professionals for residents to fully utilize. It truly is, pleasure and leisure on your doorstep.Centrally located between Pafos and Limassol, and a ten min drive from the Pafos International Airport, accessibility is no issue. With iconic Cyprus archeological sites such as the birth place of Aphrodite within a short driving distance, a final cultural element is added into the ‘vacation’- that will be your new home.Come and talk to the friendly team from Aristo Developments  Booth 30 at the Real Estate Show 2 to learn more about their vision, which is set to become one of Europe’s largest luxury beachfront development in the beautiful Cyprus.Considering buying property and want to join the show for free – sign up here.

The name says it all. Modern luxury is personified in this latest project developed by Pacific Star Development Limited, an ASEAN-focused developer listed on the Singapore Stock Exchange with an established portfolio of successful award-winning residential and mixed-use projects.The Posh Twelve is a mixed-use premium development comprising two towers of 39 and 45 storey condominiums featuring 1,373 resort-style premium residential units, complete with world class amenities and services, and complimented with a lifestyle retail podium on the ground level. In addition to providing daily convenience to residents, the lifestyle retail offerings at the base towers creates a real sense of community between the two towers and injects vibrancy to the neighbourhood. The Posh Twelve is located along Tiwanon Road in Nonthaburi, an up and-coming 'city' within Bangkok’s city fringe, as Bangkok places greater emphasis on promoting growth centres outside the traditional City Centre. Commuting from "The Posh Twelve" has never been easier with the new purple MRT line right at the development’s door step, just a short 120 metre stroll away.The development is expected to be completed by 2020, and currently offers a guaranteed rental return of 7% over the first three years in an exclusive road show promotion for a limited time only. Have a chat with the team at Century 21 Global Alliance to find out more.Find the new developments on Realestate.com.kh

Join the Cambodia Real Estate Show 2 next Friday and Saturday 6&7 @Nagaworld hotel to check out Global Alliance Property showcase of the hottest Bangkok property investments. Chat with the Global Alliance Property team to understand the processes of investing in Thailand and benefits of buying property in the rising metropolis of Bangkok. Aspace ID Asoke-Ratchada by AreeyaAspace ID is a luxury condominium project developed by Areeya, situated in the heart of Bangkok’s new CBD, Asoke-Ratchada, on Rama- 9. With a utilitarian design, this condo is unique by providing functionality as well as stunningly modern and unique architecture. Whether your lifestyle requires expansive space, or a unit more compact and intimate, Aspace ID has fully catered for all your needs, with each of the 543 units fully furnished.One of the most exciting features about this development is the unique combination of privacy and nature. The private walkway leading to your condo room is adorned by ‘living walls’, which is essentially your very own vertical garden, bringing nature and greenery to your doorstep.This development is conveniently situated close to the Business Centre which makes it a prime location for both domestic and foreign investors. Accessibility is no issue with this condo, only 600m to Phra Ram 9 MRT Station, enabling residents the ease of accessing neighbouring business districts; Silom and Sukhumvit.The developer is offering guaranteed rental returns of 6% over two years and running an exclusive show only promotion that will see all units fitted out with a furniture package, given you purchase during the event.  Siamese SurawongEstablished developer, Siamese Asset Co.,Ltd, who has fully engaged with the real estate development and construction sector in Bangkok over the last seven years, with an impressive array of successful commercial and residential projects under their belt.Driven by their motto ‘’Assets of Life”, Siamese Surawong, a 20 storey condominium constructed by Siamese Asset Co in 2016, wholeheartedly encompasses this motto. By focusing on utilities, rather than purely aesthetics of the building, they have created a home that can be utilised fully, and adds value to the resident’s lifestyle. This is reflected in their architectural design which focuses on creating space that isn’t limited by rigid shapes and fixings- and allows the resident to use their own free expression. There are definite touches of creative flair in the architecture however, with each unit having a large moon shaped window, that allows natural light to pour in.Siamese Surawong is located in the Central Business District of Bangkok, right opposite Russian Embassy with just 350 meters walk to the Samyan Metro Station. With an abundance of prestigious education institutes including the renowned Chulalongkorn University surrounding the condo, and a large focus on two bedroom units, Siamese offers a prime opportunity for a family, situated right in Silom, Bangkok CBD area.Make sure you come and see the friendly team from Global Alliance Property who are here to talk about this incredible lifestyle opportunity in Bangkok on behalf of Siamese Asset Co.,LtdFind out more about new development on Realestate.com.kh

The positive relationship between China and Cambodia continues to strengthen, which is resulting in increased opportunities for Chinese investment into the Kingdom’s real estate market. Cambodia’s potential for development has been recognized, due to its under-urbanization compared to other counterparts in the ASEAN region. As a result of these factors, China invests a large amount of capital in this sector every year, particularly in Sihanoukville, where Chinese investors are seeking market dominance.Mr. Norn Thim, Sale and Leasing Manager of Sihanoukville Property, elaborated on the reasons for this dominance by stating that “currently, Chinese investors are dominating the real estate market in Sihanoukville with the goal of turning the province into ‘China Town’ in the future”.Sihanoukville has previously been known as a hub for European investors- which accounted for 75 percent of the province’s total investment. However, with the recent influx of Chinese investment, this is rapidly changing with the Chinese now holding 65 percent of the total. Casino’s, condominiums and hotel complexes are the major focus of Chinese investors.As a result of improved infrastructure and the growing economic and tourism potential of Sihanoukville, major Chinese projects such as Blue Bay and The Seagate Suite have chosen this beautiful, coastal province to host their developments.Based in the prime location of Victory Beach, and covering the land area of 4,126 square meters,  The Seagate Suite is the first of its kind, as the tallest mixed use development project in Sihanoukville. Launched in June 2017, The Seagate Suite’s 45 storeys’ are planned to be completed by December 2020.Mr. Eam Eab, the Project Manager of The Seagate Suite, describes Sihanoukville as the “precious pearl of Cambodia, that most investors want to be a part of”. Mr. Eam believes this province is not just a prime destination for tourism, but also provides lucrative opportunities for businesses to be based.Mr Eam adds that  “After Phnom Penh, we envision that Sihanoukville will be the second biggest city in terms of having strong tourism, commercial and infrastructure sectors”’ He believes that because of the prospective development there will be a high demand for residential units in the province, as staying long term in a hotel is financially unsustainable compared to the price of renting a room in a condo.Meanwhile, another key project in the province, Blue Bay, is being developed by Chinese developer Shu Jian Tian Yu Development Co., Ltd. With a 200 million USD investment from the developer in 2016, the luxury condominium project is expected to be completed for its buyers and residents by December 2019.Ms.Chen Li, Sales Manager of Blue Bay also agrees that Sihanoukville is a prime investment location, but attributes a lot of this to Cambodia’s development as a whole. Ms Chen believes that “Cambodia’s political stability, average current annual GDP growth of 7 percent, and the development of  “‘One Belt, One Road’’ encouraged Blue Bay to invest in Sihanoukville” Her vision is that Sihanoukville will become at the international forefront as a tourist city, in the very near future.However, one effect of the influx of Chinese investment in Sihanoukville’s real estate sector is that land price in the province is soaring. The price of land near coastal areas such as Otres Beach has soared up to $1,100 USD per square meter, from being initially priced around the  $700 USD mark. Rental properties have also seen an overwhelming price increase with apartment prices double what they were a few years ago. As a result, many local and European investors have considered moving to areas in Cambodia which have more affordable land prices, such as Kampot.Mr. Norn Thim, Sale and Leasing Manager of Sihanoukville Property has expressed some concerns about the influx of Chinese investment in Sihanoukville.  Mr. Norn is worried that in the future there may only be Chinese investors controlling the whole real estate sector in Sihanoukville, which would monopolize the market. The result of this would be that land and rental prices will continue to climb, which may deter local Cambodians from visiting Sihanoukville during special occasions, such as; Khmer New Year, Water Festival and Pchum Ben.Mr. Norn is also worried about local small businesses such as Tuk Tuk drivers or restaurant owners suffering as the Chinese will no longer use these existing local services once they have their own. This is a major contrast to the European’s that happily use the services provided by Cambodians.Search properties for sale in Sihanoukville and current properties for rent in Sihanoukville!See Realestate.com.kh's The Ultimate Guide To Sihanoukville for a complete overview of Sihanoukville.

The Realestate.com.kh Mobile App is available on the following app stores:Search 25,000 properties for sale and rent. Do it all for free with Cambodia’s best real estate app!Whether you’re looking for a property or selling one, or you‘re a property developer or an agent, you can use our industry-leading real estate platform easily and effectively on your mobile phone!Our mobile app was recently updated with 2 important features to make your property hunting/selling a lot easier!Direct Chat - this new feature lets users correspond directly with the agent or owner of your selected property and vice-versa - much like WeChat, Messenger or WhatsApp.Home Finder - property hunters can simply tell our mobile app what their requirements (property type, area, number of bedrooms, etc.) are and our app will notify agents who have properties matching their requirements - prompting them to message buyers directly.Here are the latest key features of the Realestate.com.kh Mobile App:For Property Buyers/Renters:The best property search engine in CambodiaLooking for a 2-bedroom apartment in the heart of Phnom Penh? Or do you prefer a simpler Khmer-style house? Our search engine lets you filter search results easily with prices, bedrooms, baths, area, and even completion dates for the latest developments!Chat directly with the agent or owner of the property you likeOur live-chat feature lets you correspond directly with the agent of your selected property. It works a lot like WeChat, Messenger or WhatsApp - simple and convenient!Talk to any agent with real-time translationWorried the agent might not speak your language? Our live-chat feature can translate your messages for you. Translations into Khmer, English, and Chinese are supported in our app; feel free to message the agent of whatever property you want!SMS, Email, or Call your agent in one-clickOur app features the complete contact details of the best agents working with us. So, if you really want that house, condo or plot of land, you can reach out to them in more ways than one!View nearby schools, hospitals, and mallsWe believe a property’s added value lies in its most accessible comforts! Our app can help you better decide which property to get by letting you see what schools, hospitals, restaurants, and malls are nearby!Bookmark your prospects with easeBuying/renting a property takes a lot of decision-making. That’s why our app lets you bookmark properties you like so you can review them whenever you please!Tell Agents and Property Sellers what you’re looking forOur Home Finder feature provides a smart way to let agents and property sellers what you’re looking for! You simply tell us your requirements (property type, area, number of bedrooms, etc.) via the Home Finder tool and our app instantly notifies agents and property developers, who can then quickly respond to your needs. No more long waits to find your new home!For Agents/Property Developers:Create your property listings for FREESell, rent, and manage your properties for free on our app. Tens of thousands of users access Realestate.com.kh every day. Maximize your reach by listing your property with us - absolutely free!Chat directly with buyers and clientsOur live-chat feature lets you correspond directly with prospective buyers. It works a lot like WeChat, Messenger or WhatsApp - simple and convenient to use so you can close that deal faster!Reach a larger audience with real-time translationOur live-chat includes a real-time translation feature, which translates any language into Chinese, English, or Khmer. No more language barriers. Now you can talk to any buyer, whatever language they speak!Never miss out on a saleThe Realestate.com.kh app instantly alerts you when you receive an inquiry or a chat request for any of your listings. It also alerts you of opportunities in real-time so you never miss out on a sale. Just make sure you’re logged in on the app and your notifications are on!Stay on top of the search resultsDon’t let potential buyers/clients miss out on your offerings. Through our app’s Refresh feature, you can get on top of the search results page, giving your listings maximum visibility!Beat the competition for the next big saleNo longer will you have to wait for buyers! The app notifies you whenever a buyer posts their requirements through the Home Finder feature. If the requirements match anything on your portfolio of properties, you can easily grab the opportunity. But you have to be quick, as only the first 3 agents to take the opportunity can contact the buyer!Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now on both iOS and Android.Article by:

Buying off plan (pre-completion of the project) often scares new home buyers. It can be worrying to put your money into a home you can't yet see or touch. However, buying off plan can make dream homes of high quality a possibility, on a budget that wouldn't normally go so far on completed properties.With that in mind, here are some things to consider before making a decision to purchase any off-plan unit.What does it mean to "buy off a plan"?Buying off-plan means buying real estate at a point where all there is to see is a plot of land and a house plan. You sign a contract indicating a purchase price for the land, and a house to be built from a specific set of architectural plans, and generally pay instalments as the construction progresses. When the building is finished, the developer hands you the keys to your new home! The same applies for a condo, retail property or any other type of property yet to be completed. “New Development” is another term which is related to off-plan property, and it also applies to many Borey projects currently under construction.Why buy off the plan?Getting in at the planning stage of development gives buyers the chance to get the best offerings of plots of land, or the prime units in a building. Coming in at a later stage is guaranteed to limit the selection available to you. Buyers who know what they are looking for may actually prefer to invest at this stage.  Plus, buying off plans can allow for a higher level of customization, such as changing the floor plan, merging two adjoining condo units into one larger unit, and having more say in details such as the type of appliances and furnishings. More fussy buyers who desire to have a great deal of control over every detail are often most satisfied with a purchase made at this stage. It allows them to get exactly what they want from their property purchase.Off-plan buyers also may also receive discounts on the price, or see substantially more capital growth than buyers at a later stage. Investors and speculators find these two facts compelling, especially when they are combined. In Phnom Penh, buying during the pre-sale period can result in an appreciation of up to 30 per cent. This can be up to 6 times as much appreciation as the typical 5 to 10 per cent experienced when buying after construction has begun. Additionally, a buying-off plan allows the buyer to spread out payments for their property over a period of time.What does the process look like?The stage of development where buying off-plan deals is offered is called “pre-launch”. The developer is still in the process of confirming plans, obtaining permits, and performing an Environmental Impact Assessment. However, even at this early stage, the developer requires money in order to move the project forward. Because buying at this point involves a long wait for the property to be completed, and more risk than at a later stage, they typically offer incentives to early buyers. In addition to price breaks, the developer may offer guaranteed rental returns, financing options, opportunities to customize the early units, and other perks.Once the contract is signed, you must make a deposit. The amount of the deposit may be as much as 50 per cent of the agreed-upon price, however, it may also be a great deal less. In addition, there are some boreys that do not require any initial deposit at all. This demonstrates that the prices and processes will differ from one developer to another. From this point, there is a definite degree of flux, and plans may end up being changed, sometimes without the buyer's knowledge. Often payments will tie in with the construction progress, i.e. the percentage of payment due will align with the percentage of the project that is completed.Stay tuned for Why buy property off-plan in Cambodia? part 2 next week.Search properties for sale in Cambodia and current properties for rent in Cambodia!

True luxury, is it only just a dream? When an individual thinks about the idea of a lifestyle of luxury, their mind will often wander towards a modern home with state of the art facilities, a place where a family can feel relaxed and safe, and above all, having everything that you or your family could possibly need, at the easiest convenience. Sky Land Condos , the newest development by STAR5 Developers, has brought the notion of luxury to life, but with one added and critical difference; the developers truly appreciate how important a peaceful environment is, when looking for a home either to live in, or as a prospective investor.That is why, unlike many other condominium developments that are on the market, Sky Land Condos is based far enough out of the hustle and bustle of Phnom Penh, yet still in close enough proximity to have every necessity at residents disposal. Leading centers of academic excellence, globally reputable institutions, and prime entertainment zones are in reach- with the development based just 12km from the CBD of Phnom Penh. This is perfect for prospective families looking to settle for the long term. However, this does not even scratch the surface of the facilities that are on site. The development itself will have a personalized park, gym, shopping options, bar facilities as well as a major focus on the outdoors, so that residents can exercise and enjoy the fresh air on their own terms.With developments with this level of appeal, the main question comes down to price- which is something that Star Five Developers have taken into account, to make their peaceful version of luxury attainable for all. The developers are offering incredibly flexible payment options, with no interest for up to three years. Based on the prospective success of this development, they are offering a ‘super return’, which means for any investor, there is an expected return on investment of 35-50% growth after two years of completion.  You will have a selection of 224 studios, one & two bedroom condo’s spread out across eight floors. An unmissable opportunity.Feel free to come and see the friendly team at Star 5 Developers at the Real Estate Show 2 on October 6-7th to discuss your future home and learn about the show exclusive promotions the developer will be running through the day including up to 20% off the purchase price.In addition the developer is offering a Cambodia first! Anyone that buys and pay a 2 bedroom unit during the show will receive a studio condo at no extra cost! Which means you will receive 2 condos for the price of one.This is limited to two buyers only so get in fast!

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Property investment is not a feat to be taken lightly. With Phnom Penh booming with new developments, and new developers coming on the scene all the time, it can be difficult to know where to begin to look for the right investment opportunity. Especially one that is going to benefit you financially in the long term. This is why aligning yourself with a property developer you can trust is so important.When looking at who to trust in the property market, a good developer should have a track record of successful developments, a wealth of experience in the industry and real knowledge about the location, and (in all honesty)  that can be hard to find. However, nothing speaks louder than actions, which is what sets Creed Group from Japan apart from other developers.The groups’ first development in Cambodia; Bodaiju Residences on Russian Boulevard, has set a catalyst in the real estate market that others aspire to reach. The residences tick all the right boxes, from paramount location, fully furnished units, to its focus on investors receiving real returns and capital appreciation. Due to the success and continuing growth of Bodaiju Residences, Creed Group has used their wealth of experience to develop two more successful projects,most recently,the launch of its third project “ARATA Garden Residences”.Creed Grouphas combined the successful elements of Bodaiju Residences with a fresh vision which has resulted in establishing ARATA Garden Residences. With more than 500 units on phase 1adorned with all the facilities you could expect from a luxury development, this is an unmissable investment opportunity. It doesn’t stop here, however. Creed Group’s cooperation with another Japanese developer “Hoosiers Holdings” has brought on board the very best elements of Japanese design. The architecture is modern, yet there is a unique emphasis on the natural environment. Residents will experience the luxury of modern facilities, yet the tranquility of being surrounded by nature and greenery. Welcome to the ultimate place to unwind.Creed Group is excited to be a part of the Cambodia Real Estate Show 2 to answer any inquiry and start your dream investment journey.Considering buying property and want to join the show for free –sign up here.Forsponsorship or exhibitor opportunities at the Cambodia Real Estate Show, please contact:Khmer and Chinese: nin.kang@realestate.com.kh,   or call +855 93 552 305, +855 78 637 323English: tyler.stuart@realestate.com.kh, or call +855 12 599 669, +855 81 599 669

Famous for Angkor Wat temple, Siem Reap is becoming a popular real estate investment destination in Cambodia, largely thanks to its tourism attractiveness and lower land price compared to Phnom Penh. However, next year’s general election appears to be stagnating real estate transactions in the Siem Reap market, as it is an area of the Cambodia real estate market primarily dominated by foreign buyers and renters.Mr. Mario Tan, Sales and Marketing Director of Hunter Estate, said: “land prices in Siem Reap are still low compared to that of Phnom Penh. Land prices in Siem Reap are not rising at the moment - with an average between $350 and $400 per square meter. However, the most expensive land price in Siem Reap is near Old Market or Phsar Chas - with prices similar to Phnom Penh: ranging from $3,000 to $5,000 per square meter.” Now, you can invest in land for sale in Siem Reap.“Real estate transactions in the first half of 2017 were down 50 percent compared to the same period last year, due to political uncertainty and economic slowdown in Siem Reap and internationally. Land prices have stagnated in Siem Reap due to the slowdown of general real estate transactions in the province,” Mr. Mario suggests.Echoing Mr. Mario’s view, Mr. Sarath Sok, Managing Director of SiemReapLand house.com, said: “land prices in Siem Reap sees neither increase nor decline, probably due to uncertainty ahead of next year’s general election. Regarding the rental market, in particular apartments and condos, it is increasing significantly but the price declines because supply is more than demand at the moment. Rental prices have decreased from $400 to $300 per month in many cases, for example.”Meanwhile, Mr. Michael Kean, CEO of Solina Realty Consulting, said: “land prices in Siem Reap range from $110 per square meter in the outer areas around The Ring Road - to $700 per square meter closer to town. Land prices in the old market area are the most expensive, starting from up to around $3,000 per square meter.”For Mr. Kean, vacant land within the city and within 25 Kilometers of the city - in such areas as Banteay Srey, where tourists are still coming in droves - offer a particularly good opportunity for real estate investment in Siem Reap currently.For investors keen on real estate investment in Siem Reap, some business insiders suggested that Sala Kamraeuk is the developing but potential area at the moment with attractive, low land prices.Mr. Mario suggests that wise investors should not invest in expensive property in Siem Reap, because it is difficult to resell for good return. Sala Kamraeuk is the developing but potential area with suitable land prices - between 250$ and $300 per square meter near the highway. This area is peaceful with a good landscape, good roads and international school for foreigners, making it comfortable for residential living. ReTourism has been the major driver of real estate investment in Siem Reap. The number of tourist arrivals keep increasing each year, with the recent report by Angkor Enterprise showing a 13 percent rise in tourist arrivals in the first half of 2017 compared to the same period last year. Recently, the company that invest in Sang Ssa Island also plans investe in eco-tourism city in Siem Reap.Mr. Sarath added: “the most popular property for investment in Siem Reap is hotel sector. Investors, especially Chinese, prefer investments in hotels to serve the growing tourist arrivals each year. One hotel comprising 40 rooms can rent for up to $6,000 per month.”According to a recent hotel study by Bonna Realty Group, the number of hotel rooms in Siem Reap continue to rise in the first semester of 2017 compared to the same period last year.The study found that 3-star hotels in Siem Reap increased from 5,987 rooms from last June to 6,709 rooms as of June 2017. For hotels deemed to be 4-star, rooms in this category jumped from 8,132 rooms to 8,962 year-on-year. Meanwhile, 5-star hotels witnessed a decrease in room numbers, dipping from 6,699 last year to 6,131.It is expected that land price in Siem Reap will rise in value again after the general election - with more chinese investors injecting money to drive the whole real estate sector in Siem Reap.Mr. Mario is optimistic that general business, including the real estate sector, in Siem Reap will grow significantly after the national election.“We can see the example of last election; real estate transactions before the election declined but after the election the transaction rose again,”  states Mr. Mario.  “Our government has a good relationship with China and Chinese investors will inject more money to invest in real estate sector - not only in Siem Reap but also in Sihanoukville and Kampot.”Mr. Mario added that, “There will be two big shopping malls coming soon in Siem Reap. The shopping malls will attract tourists to spend more money in the province, contributing to boosting the local economy. A strong local economy will eventually be a good sign for the entire real estate sector in the province.”Search real estate for sale in siem Reap or real estate for rent in Siem Reap on Realestate.com.kh! or want to invest in houses​ sale  in Siem Reap now.

After establishing its impact last May as one of the biggest and most successful real estate shows the country has ever seen, the Cambodia Real Estate Show will once again set the stage for guests to learn about the market from renowned experts in the field.The show is projected to be bigger than the first one but will still serve as a means for the biggest developers to showcase their properties. One of these developers is the Prince Real Estate Group which will be exhibiting their Prince Modern Plaza Project.The Prince Modern Plaza is a mixed-use development that includes condominium units which range anywhere from 29 square meters to 64 square meters. These units are built with a modern design and efficient ventilation system. Each unit has also been designed to maximize natural lighting.The Prince Modern Plaza has also been designed with a panoramic view of Phnom Penh. It has good value, low-cost early payments, high profitability, and is suitable for even middle-income earners.The developers of The Prince Modern Plaza will be offering a special promo for buyers at the show! They're ready to give a 6% discount off of the unit price and refund your plane ticket if you purchase from them during the two-day event!So for those who are interested to take the special offer or if you just simply want to learn about the project, representatives from The Prince Modern Plaza development will be located at Booth 32, 33, and 35 at the Cambodia Real Estate Show 2 to answer any inquiries.The show will also come with access to several panel presentations and discussions in Khmer, Chinese, and English. Speakers and presenters will include local and international experts. They will be talking about currently relevant topics in the real estate market. These seminars are expected to help investors choose the right opportunities and know the practical considerations of real estate deals in the country.Considering buying property and want to join the show for free – sign up here.For sponsorship or exhibitor opportunities at the Cambodia Real Estate Show, please contact:Khmer and Chinese: nin.kang@realestate.com.kh,   or call +855 93 552 305, +855 78 637 323English: tyler.stuart@realestate.com.kh, or call +855 12 599 669, +855 81 599 669

Paradise; It’s something we all dream of…. The word carries with it a sense of luxury, a vision of natural beauty, and above all that warming feeling of peace. But when we think about our own version of paradise, the mind tends to wander to a place that is far away. Island holidays; long stretches of beach; blue water as far as the eye can see... What if experiencing all of this was possible, without planning an elaborate overseas holiday?This was a vision that developers Shu Jian Tian Yu Development Co,.Ltd had in mind when developing the Blue Bay Project: Sihanoukville’s own version of paradise. Don’t fall in the trap of thinking that Phnom Penh is the only city that is booming for developers and property investors - Sihanoukville has established itself as a prime hub for condo development, and nothing demonstrates that more than the Blue Bay project.From the very outset it is obvious that this development sets itself apart, as it is the only condo in Sihanoukville that is on the beach itself. All residents will get to experience 360 degree views and the highest quality facilities. The developers have taken no shortcuts here in trying to bring the feeling of a holiday to all potential residents; a sea facing pool, five star restaurant and a casino are right at your fingertips. Located five minutes from the city centre, Blue Bay is quite literally a holiday you don’t even need to travel for.Whether you are looking for a luxurious lifestyle for you and your family to live in, or an investment property for rental returns, Blue Bay has options available for all.And the best part? The developers want Blue Bay to be a real investment possibility for everybody, and have decided to come on board at The Cambodia Real Estate Show, with a special promotion. Come and see the friendly Blue Bay team on the day for an exclusive 7% discount off the purchase price when you make an upfront payment on a Blue Bay unit. This is a slice of paradise you really don’t want to miss out on.Blue Bay will be at booths 8 and 9 at the Cambodia Real Estate Show 2 to answer inquiries.Considering buying property and want to join the show for free – sign up here.For sponsorship or exhibitor opportunities at the Cambodia Real Estate Show, please contact:Khmer and Chinese: nin.kang@realestate.com.kh,   or call +855 93 552 305, +855 78 637 323English: tyler.stuart@realestate.com.kh, or call +855 12 599 669, +855 81 599 669

Following the roaring success of the first Cambodia Real Estate Show in May, the Kingdom is readily awaiting its’ return in October, with plans in the pipeline to make this show even bigger than the first.The event will include a vast range of top developers from the market, such as the renowned Xinghui Property Development (Cambodia) Co. Ltd who will be showcasing the much anticipated Star City development at the show.This 3.6 hectares, mixed-use development is located at the Russian Boulevard in Khan Sen Sok, a two Khan brothers in northern Phnom Penh – just minutes away from the Phnom Penh International Airport, among other commercial centres. It is also very close to the CBD. With a location in such a prime area  potential investors in the Star City development are offered the prospect of a very good return on their investment - especially for those that get in early.The Star City project, a new Phnom Penh landmark emerges, will have a total of seven buildings, each 12 storeys tall. The seven towers will comprise of residential units with full facilities and further include a variety of  restaurants, luxury offices, retail spaces and a hotel. Condo units within the development have a starting price of $93,000 USD. Buyers can choose to purchase a unit with cash or negotiate other payment methods with very favourable terms.Star City’s developers are offering a SHOW-ONLY DISCOUNT of up to 15% for buyers who commit to purchasing a unit during the Cambodia Real Estate Show in October. However, the excitement doesn’t end there, they are also planning to throw in a free iPhone 7 Plus Red or a motorbike. These lucky buyers will also have the chance to win a variety of electronic equipment for home-use.If you’re an overseas buyer flying in to see the show, and decide to purchase a unit , the developers will be offering a 9% discount, combined with 3 years of 6% GRR (Guarantee Rental Return) per annum. On top of this, the developers will reimburse you $400.00 to recognise the cost of your travel.  For those who are interested in taking advantage of this special offer, or who are curious to learn more about this exciting project, the representatives of the Star City development will be located at Booth 39 and Booth 50 at the Cambodia Real Estate Show to answer any questions you might have.The show will also have several panel discussions and presentations in Khmer, Chinese, and English, led by reputable international and local experts. These will give a comprehensive overview of the real estate market to fully inform investors about choosing the right investment and the practical considerations of real estate transactions.from a range of international and local experts regarding relevant topics in the real estate market today. These free seminars help investors to choose the right investment; and know the practical considerations of real estate transactions in Cambodia.Realestate.com.kh will bring a yealy real estate to Cambodia. Keep track the updated infomation of the comming Real Estate Show in 2018! Do you know over $20 million of property sold at the Cambodia Real Estate Show?   Want to invest in Real Estate  for rent in Phnom Penh with Realestate.com.kh.

During the term of a lease, both the landlord and tenant have a right to request for the court to review the rental amount if one of them considers that the circumstances have changed justifying an increase or decrease in the amount. We will see (i) that giving this power to the court may constitute a risk for the parties and (ii) that other options can be put in place for reviewing the rent in order to take into account market changes and inflationary risk.ING SophealeakCharles AMARPartnerManager          ON THE AUTHORSING Sophealeak and Charles AMAR, lawyers at Bun & Associates, advise domestic and foreign clients seeking expert advice and innovative solutions in dealing with significant and complex transactions involving both raw and developed properties.  Their work includes advising on all issues relating to real estate investment, project development, construction and asset management. Our real estate team has also hands-on expertise and experience in advising clients on matters related to economic land concessions, special economic zones, agriculture, the environment and mining. Pursuant to Articles 248 and 610 of the Civil Code, a tenant has an obligation to pay the rent to the landlord at the agreed time. In this respect, the parties are free to agree on the amount of rent to be paid and to choose the most appropriate form of rent between a fixed rent, a progressive rent or a variable rent (rent based on turnover)[1].However, one of the main concerns of landlords and tenants is how to review the rent during the term of the lease, especially when it is a long-term lease, in order to take into account market changes and inflationary risk.In this respect, both landlords and tenants benefit from a specific right to request for the court to set an appropriate amount for the rent if one of them considers that the estate prices, including rental amounts.However, Article 249 does not specify the conditions of this rent review and in particular when a party can request it.Article 249 also does not provide with a method of calculation to be used by the court to set the appropriate amount of rent. Consequently, there is a significant risk for the parties as the court has discretionary power to make these determinations while not having expertise in the real estate market, including real estate valuation.Generally, the parties do not take into consideration this risk when they are signing a lease and when they are preparing their business plan. Therefore, the provision of Article 249 may constitute a big risk as it can impact significantly such business plan if the rent increase or decrease.This rent review by the court may also constitute a risk for the bank which grants financing to the tenant (e.g. in order to finance the fitting-out works) or to the landlord (e.g. in order to finance the acquisition of the real estate property to be rented to the tenant).To the best of our knowledge, there has not been any court decision made on the basis of Article 249.However, it is recommended to expressly waive this right in the lease in order to avoid such a risk as the provisions of Article 249 are not mandatory.Furthermore, if the parties still want to be able to review the amount of the rent in order to take into account market changes and inflationary risk, they should include in their lease an indexation clause or a rent review clause.These types of clauses have been developed through practice and are now very popular in lease agreements all over the world.Indeed, some owners may be reluctant to grant a long-term lease to tenants if the rent cannot be reviewed. This is especially the case in Cambodia where the value of properties and the price of rent is changing very quickly and where landlords and tenants want to be sure that the rents amount is fair to them.circumstances have changed compared to those that existed at the time the lease was executed[1].Indeed, Article 249 of the Civil Code provides that “if the rent is no longer appropriate on account of change in circumstances, either party may request the Court to increase or decrease the rent to an appropriate amount”.The drafting of Article 249 is very broad and gives discretionary power to the court to decide (i) if the circumstances have changed and (ii) an appropriate amount of rent to be paid by the tenant.Therefore, the party which requests a rent review by the court will have to prove that the circumstances have changed from those existing when the lease was executed. It may not be difficult for a party to prove a change in circumstances when considering the fast growth in the real estate sector and the number of new development projects throughout the country which will impact real Therefore, the role of an indexation clause or a rent review clause may be very important.The purpose of an indexation clause is to take into account inflationary risk in a long-term contract. An indexation clause allows for variation of the rent automatically at specific periods and is based on a specific nominated price index to determine the amount.In Cambodia, there is no specific provision in the Civil Code which governs the indexation clause in the lease. Therefore, the terms and conditions of the indexation will depend on the drafting of the indexation clause and the parties are free to determine such conditions in the lease.However, there is no official publication at this stage in Cambodia of any index by the National Institute of Statistics relating to real estate, such as a construction cost index, a commercial rent index or a residential rent index. The parties can only refer (i) to the Consumer Price Index (which is not really adapted to the real estate market) or (ii) to a contractual index.Therefore, it is not recommended to include an indexation clause until such time as an index relating to construction costs or rental prices has been published by the National Institute of Statistics.As a consequence, the solution which is currently recommended in Cambodia is to include in the lease a rent review clause which will specify the conditions of the rent review and, in particular, the method of calculation of any adjustment to the rental amount.We have seen many landlords in Cambodia requesting the application of a rent review clause in a lease agreement, especially in leases for office premises.The role of a lawyer or a legal adviser will be very helpful to assist the parties in drafting the appropriate rent review clause.In conclusion, it is recommended (i) to expressly waive in the lease agreement the provisions of Article 249 of the Civil Code and (ii) to include a rent review clause if the parties want to review the rent during the term of the lease. This will allow the parties to take into account the market changes during the term of the lease by reviewing the rental amount.For further information, please contact us at:Bun & Associates#29, Street 294, Phnom Penh, Cambodia, P.O. Box 2326T: +855 23 999 567 | F: +855 23 999 566 E: ing@bun-associates.com / amar@bun-associates.comwww.bun-associates.comThis publication is for your information only. It is not intended to be comprehensive and it does not constitute and must be not relied on as legal advice. You must seek specific advice tailored to your circumstances.Any use of the information contained in this article or the receipt of this article is not intended to create nor does it create a solicitor-client relationship between you and Bun & Associates. Unless otherwise indicated, Bun & Associates owns the copyright of this article. If you seek to reproduce or otherwise use this article or any part of it in any way, it is your responsibility to obtain approval for such use where necessary.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info...

When you sell or rent your home through an agent, you definitely need to pay a commission fee for the agent's services. The related Ministry has taken direct measures to ensure that real estate operations run smoothly in the market and benefit both parties - agents and property owners. This has meant that these fees have now been regulated in Cambodia to exact figures. So if you are a property buyer or a seller, this information relates directly to you!Below is the necessary information you must know when buying, selling or renting a property through an agent in Cambodia:Prakas No. 761: PurposeOn 7 September 2017, the Ministry of Economy and Finance issued a new Prakas on “service and commission fees for valuation and real estate services”. The new Prakas is to educate real estate agents and sellers in Cambodia to:Ensure the efficiency of management and check of charging commission fees and professional commission fees for offering valuation and real estate services.Ensure the equity and balance of interest between real estate firms and customers using valuation services.Maintain order in the real estate market by promoting competition with equality, transparency and fairness in the real estate market.Set the basic fee of charging commission fees and professional commission fees for valuation and real estate services.Valuation Fees Expectations:When you sell your property and need a valuation firm to define your property’s value, these are the charges you should expect from your licensed Valuer:For a property that is valued below $100,000, you need to pay a valuation fee of 0.17% or a minimum of $170;Property valued between $100,001 and $1,000,000 will be charged to you at 0.10% or a minimum of $900;Property with a value between $1,000,001 and $5,000,000 will be charged to you at 0.050% or a minimum of $2,000 for the valuation report;Property with a value between $5,000,001 and $10,000,000 will be charged to you at 0.030% or a minimum of $1,500;And if the property has a value above $10,000,000, you will be charged 0.025% of the property’s value.However, some special properties such as factories and business properties have no set valuation fee. Instead, it depends on each case and the calculation formula with the pre-agreement between you and the valuation firm.Commission Fee for Property Sale and Rentals:Agents will act for you on behalf of the sale of your property. In this situation, they will charge you the commission fee at a minimum of 3% of the total property’s value after the deal is completed. However, in some special cases, you can negotiate for a lower commission fee, according to the Prakas.   Renting your property through agents, you also need to pay a commission fee which depends on the leasing term. If the duration of rent is less than one year, the commission fee is negotiable and is defined by an agreement between you and your agent. There is no fixed commission fee in this scenario. But if they rent for one year, you need to pay one month’s rental amount as the commission fee.And if they rent longer than one year, you need to pay one month's commission fee plus 25% of the monthly rental fee multiple by the rental term.For example:Leasing DurationMonthly Rental FeeCommission CalculationCommission Fee4 years $500$500 + ($500 x 25/100) x 4$1,000 The one thousand dollars is the fee you need to pay to your agent for finding you a renter. Real Estate Agent Valuation versus Bank Valuation:Real estate agents are independent entities that can offer an objective valuation of your home because they only work for the commission fee - and have no particular loyalty to the seller outside of that.Recently, a few banks have also established internal valuation teams to evaluate the client’s property if required. This might be a concern for sellers, as there is a danger that the bank might evaluate the client’s property below the market price - as it is concurrently being used as collateral for a loan. This represents a conflict of interest in some cases.  However, this depends on you - the property owner - whether you prefer to seek an independent and professional valuation service - or agree to get a valuation service from the bank for your property.  In the meantime, if you need professional valuation services to evaluate your home’s value, you also need to pay an additional fee for this service - See Realestate.com.kh's How to calculate valuation fees in Cambodia for more information. Read more articles about Finding Expat Rental in Phnom Penh on Realestate.com.khClick here for current real estate for sale in Phnom Penh and current real estate for rent in Phnom Penh

Q: How is the “One Belt, One Road” policy of China likely to affect the Cambodia real estate market prospects now and into the future, in your opinion?Vathana Heng - CEO, Century 21 Golden Realty“The Chinese initiative, “the One Belt, One Road” policy, is a great step forward in regards to economic integration and new trade arrangements across the Asian region. This initiative, coupled with the existing good relationships with other Asian countries, will surely result in remarkable growth in respect to Cambodian infrastructure and the real estate sector. The country will become more attractive for both local and international investors, triggering significant local development within a span of a few years.”David Marshall - Partner, Mekong Strategic Partners (MSP)“If funds are directed at infrastructural developments in Cambodia, particularly roads, ports and rail, it could make Cambodia a more competitive destination for manufacturing, and accelerate industrial development. This type of development would have clear economic benefits to the  country, which would flow into the real estate market - particularly in areas where the infrastructure developments will take place. As an example, one can look at the recent upgrading of National Road 6, and the outward trajectory of  development along that road: the housing and land prices of that area are now increasing at a very fast pace.”Ken Xi - Director, Union Development Group“The Belt and Road” policy is short for the “Silk Road Economic Belt” or the “21st Century Silk Road” initiative from China. Not only it will promote adherence to peaceful cooperation, openness, tolerance, mutual learning and interactive development, it will also focus on economic development, expanding employment, eradicating poverty, improving people’s livelihood and protecting the environment. Considering the above, Cambodia’s real estate market is likely to be at a high starting point within the development and construction sectors, gaining more global attention.”Nguon Chhayleang - CEO, Ratanaka Realty“China’s “One Belt, One Road” policy, also known as “China’s massive project,” is the strategy of the Chinese government to strengthen its economic powerhouse in Asia and all over the world. In this sense, China goes into Cambodia and ASEAN countries through government funding with the provision of funds to the government to build infrastructure. The impact of China’s One Belt, One Road policy on Cambodia’s real estate market therefore is likely to be positive. More Chinese investors will invest in the real estate and construction market.”Lately, numerous construction companies from China have come to the Kingdom, some of which are state-owned. Considering that developers will not have to pay downpayments to construction companies, this will leave them with more cash flow and encourage further investments in Cambodia. Lastly, the policy will further connect China and ASEAN countries giving a huge boost to the flow of goods.”Q: How will recent regulation changes restricting Chinese outward capital for international property transactions influence Chinese buyer flows into the Cambodia real estate market, in your opinion?Ken Xi - Director, Union Development Group“China recently introduced a foreign exchange regulatory policy with the main purpose of restricting speculative foreign investments - but the “The Belt and Road” construction project investment is not likely to be limited by this. During “The Belt and Road” Summit Forum on 14th -15th of May in Beijing, the Chinese Government established that it will create major foreign initiatives within  the areas of: infrastructure, trade and investment, financial support, cultural exchanges and others.I personally think that due to these initiatives, the future of Cambodian real estate is not only residential; but will also involve the tourism, industrial and logistic sectors. I also believe that the completion of Dara Sakor tourism and port city will attract a significant number of tourists from many countries - as well as investors, residents and workers.”Nguon Chhayleang - CEO, Ratanaka Realty“Based on my research, there have been over 1 trillion dollars of Chinese outbound investments. That capital flew out of China not just to Cambodia or ASEAN countries, but all over the world - and most of this capital landed in the real estate sector. Yet, China’s new regulations restricting outward capital for international property transactions are likely to have a negative but small impact on Cambodia’s real estate market.The Government’s restriction, as far as I know, still has loopholes - meaning that despite the restrictions, people can find a way to get the money out of the country legally. As an example, investors can open bank accounts in Hong Kong and then perform a money exchange from Chinese RMB to US or Hong Kong dollars. It is through Hong Kong bank accounts that Chinese investors can send money to invest in the real estate sector all over the world. Considering this scenario, I think that the Cambodia real estate sector will not be affected severely.”David Marshall - Partner, Mekong Strategic Partners (MSP)“Although China has introduced capital outflow restrictions for property, investments in Cambodian real estate, particularly those in retail and condominiums, would certainly not be affected. This is due the fact that many of the building projects may be under the restricted amount line (small size investment projects) and could also be funded by local banks. Some of the larger scale projects may be affected, but surely not the smaller scale ones.”Vathana Heng - CEO, Century 21Golden Realty“Personally, I believe that the new restrictions are not likely to have a negative influence on Cambodia’s real estate market. In the nature of an investor, especially Chinese investors, they will always find ways to circulate their capital overseas, and Cambodia is currently a popular investment location choice. The restriction is only with the purpose to organize the outflow funds, but opportunity gaps will always be available for the investors.”Read the latest and greatest real estate news on realestate.com.kh today!Click here for current real estate for sale in Cambodia and current real estate for sale in Cambodia

May of this year was when the first Cambodia Real Estate Show marked a milestone in the country’s real estate market. Not wanting to lose momentum, the show is set to make a comeback on the 6th and 7th of October 2017. It will be held at the NagaWorld Hotel in Phnom Penh and will provide a platform for local and foreign property investors to check out the offerings currently available in the Cambodian real estate market.  The last show attracted over 3,000 guests from all over the region, with over $3 Million worth of sales accumulated. These figures have created high demand for the second show from a number of agencies and developers in the market.“We were very satisfied to be a part of the inaugural Realestate.com.kh Cambodia Real Estate show at NagaWorld. The event enabled our team to generate a significant number of direct sales and many good quality leads for prospective buyers. We are looking forward to the next event organized by the Realestate.com.kh team,” said Mr. Laurence Hamilton, Vice President of NC Max World Real Estate Development.With this heightened interest in the second show, both returning and new Borey developers have already signed up and will be given the chance to experience even greater success at the October show!The Creed Group will once again be one of this show’s exhibitors after hitting it big in the first show, gathering over 21 unit bookings and reservations for their various projects. They will once again be presenting and promoting the Bodaiju Residences, Borey Maha SenSok, and the Arata Garden Residences.Star 5 Developer Pvt Ltd and the Boao Hongkai Group will be joining The Creed Group in order to exhibit their high-quality projects. Both developers have had various international experiences in countries like Vietnam, Thailand, Malaysia, Vietnam, Myanmar, Bangladesh, and Laos. These range anywhere from residential, commercial, to mixed-use developments. Some of the projects in Cambodia under Star 5 Developer Pvt Ltd include the Skyland Condominium, Skyland Villas, and Starland. Meanwhile, the Chinese developer Boao Hongkai Group is set to turn over the Borey Bo Ao units by the end of 2017. 50% of all the residential units have already been sold and are ready for occupancy.Renowned local development firm Orkide Villa will also be at October’s show, exhibiting Orkide The Condo amoung it various other borey projects in Cambodia. Other than the influx of interest from Borey developers to showcase their projects at the show, there will also be other activities such as extended seminars for property buyers, sellers and investors in English, Khmer and Chinese, and panel discussions on topics relevant to the market in 2017. CEO for Realestate.com.kh, Thomas O’Sullivan explains that, “during the show, attendees will also be able to watch various educational seminars which will assist property buyers and investors understanding the market, the legal obligations of property ownership, and to help them to make educated decisions when purchasing real estate in Cambodia. Education of the market and protecting our customers’ long term interests is always a prime concern.”Realestate.com.kh will bring a yealy real estate to Cambodia. Keep track the updated infomation of the comming Real Estate Show in 2018! Do you know over $20 million of property sold at the Cambodia Real Estate Show?   Want to invest in Real Estate  for rent in Phnom Penh with Realestate.com.kh.

Located in southern Cambodia, Kampot has been attracting investors’ attention in recent times owing to the latest mega development project announced for the province.The first large-scale international project slated for the region is called the French Riviera Marina; a project valued at $23.2 billion to be constructed along the coastal area of Kampot and Kep - see Realestate.com.kh's Kampot and Kep sees 23.2 billion dollars invested for more information.According to the developer, the Pallas Group, the French Riviera in Kampot will offer a secure oceanside parkland community - consisting of hotels, villas, apartments, a water park, private and artificial beaches, a golf course, a marina, an amusement park and a shopping center, among other facilities. It will also play host to schools and a health center, and its parts will be interlinked by canals and cable cars.The Pallas Group aims to make the southern province of Kampot into a world-class tourist destination. According to the company's website, the site will occupy 6,056 hectares of land alongside the gulf of Thailand, while company documents seen by Kyodo News also showed a planned smaller development in neighboring Kep Province will cover 144 hectares.The company's Vice President Siriluck Choochart said: "the French Riviera Marina and Kep Marina projects will become world-class destinations for living, business, tourism and film production. Pallas will create thousands of jobs during the construction with more than 50,000 direct and thousands more indirect employment opportunities servicing the developments."Ms. Choochart added: "each of our projects has been designed to be in complete harmony with the environment utilizing advanced construction methods and the highest grade materials. They will be the last word in exclusivity and luxury."Commenting on this project, Mr. Sok Ken, founder of Kampot Property, said: “Kampot will soon become one of the most attractive tourist destinations in Cambodia, welcoming a lot of local and international tourists every year”.“The latest mega project French Riviera Marina represents a big boost to the province’s real estate transactions; with prices of land climbing noticeably month on month. The project will turn the province into an attractive and modern city, brimming with residential, commercial and tourism-focused projects which play a vital role in bringing other development to the province.”“Other development projects such as borey, resort, hotel and entertainment will further push real estate growth in Kampot. There are many development projects underway in Kampot with major investors coming from Europe and China. In addition to European and Chinese investors, there are also many local Cambodians interested in buying land in the province,” according to Mr. Sok.Regarding land type and price in the province, Mr Sok said there are three types of land: coastal land, river land, and foothill land. The river land type is seeing remarkable price increases - with prices ranging from $60 to $250 per square meter depending on its proximity to Kampot city. The first tourism seaport in the province due to start in September will also contribute to a rise in land prices compared to three years ago.In 2016 Kampot province welcomed about 900,000 foreign tourists and the proposed tourism seaport project will likely attract more foreign tourists into the province. The $18-million tourism seaport due to come into service by 2019 is expected, by a recent ADB report, to service 360,000 international and domestic tourists yearly when it opens, and 442,900 by 2020.Mr. Mam Sereypanha, Chairman & CEO of Easy Realty Property Investment, said: “real estate in Kampot is seeing rapid growth because recently more and more local and international buyers flock to buy land and property in the province with suitable prices. Most Khmer buyers prefer to buy the land and house along the riverbank thanks to a good atmosphere there.”Kampot is especially attractive for investors now as land prices in nearby beach-city Sihanoukville are skyrocketing, buoyed by an inflow of Chinese investors who are pushing prices higher than local and non-Chinese investors are willing to pay.Mr. Brad King, of KohrongProperty.com, says that speculation from investors, in particular the Chinese, “is pushing Sihanoukville land prices higher than similar plots of land along Thailand and the Philippine Coastline.This is stunting ongoing investment on the mainland, and price speculation is becoming ridiculous. Average land prices are over $1,000 along the Sihanoukville coastline.”Mr. Mam added: “currently real estate transactions in Kampot have increased remarkably compared to the previous year with selling and buying prices rising above the rental market. There is notable investment moving in thanks to some major projects such as sea port development. In order to attract more investors into the area, we need to establish more factories and expand more tourism areas to attract more people to work and visit the province.”Read more article about How to invest in Land in Cambodia for foreignersCheck out property for sale  in Kampot and property for rent in Kampot on Realestate.com.kh

The coastal province of Kep in southern Cambodia is just 146 kilometers away from Phnom Penh. The province looks set to attract increased investment in the near future due to low land prices compared to its seaside neighbour Sihanoukville - and an undeniable potential for eco-tourism. Kep is only 125 Kilometers away from Sihanoukville and just 44 Kilometers away from Kampot, another province seeing increased interest from hospitality and tourism investors.The Provincial Governor of Kep, Mr. Ken Satha, mentioned to press that, “We are in the stage of working out a master plan project for our province’s development which will empasise eco-tourism. Although we haven’t yet got an official agreement from the Ministry of Land Management, Urban Planning and Construction, we are still progressing our master plan to develop more infrastructure. [in Kep] ”Sok Ken, the founder of Kampot Property, said: “Kep is one of the country’s attractive coastal tourist destinations, welcoming as many local and international tourists as its coastal peers. Even though there are now not many major projects underway in Kep, this attractive coastal province is likely to be the next real estate development target for foreign investors owing to its cheaper land price and tourism potential”.Mr. Sok added: “after Sihanoukville and Kampot see full development and land price reaches its peak, investors will look for similar potential investment opportunity and Kep is the most favourable place for investors’ next real estate development. At the moment, cheap land price in Kep is a very good opportunity for those investors looking for potential return investment”.“Land prices around the White Horse roundabout near the highway in Kep are currently priced between $35 and $40 per square meter; while land price around Kep market is between $90 and $150. Land prices around the coast are more than $200 per square meter,” notes Mr. Sok - Searching for land for sale in Kep is available now!Mr. Mam Sereypanha, the Chairman and CEO of Easy Realty Property Investment, said that, “at present, land prices around the coast are between $150 and $400; and other parts of the province are below $100. Buyers mostly purchase land for investment such as building hotels and resorts to accommodate tourists.”For Mr. Mam, foreigners tend to relocate from Siem Reap, Sihanoukville and Kampot to Kep province for more quiet life, buying cheaper land for residential purpose. Improving infrastructure such as road expansions around the province, together with big hotels and higher quality resorts, offer more incentives for these types of investors to move into Kep homes.  “In recent times real estate transactions in Kep have risen from 20 to 30 percent thanks to its future eco-tourism potential and the government’s willingness to develop more infrastructure in the province to attract more local and international tourists. Real estate prices in Kep might rise further, especially for those wanting to buy land for residential purpose,” according to Mr. Mam.Kep is especially attractive for investors now as land prices in nearby beach-city Sihanoukville are skyrocketing, buoyed by an inflow of Chinese investors who are pushing prices higher than local and non-Chinese investors are willing to pay.Currently, land price along the coast in Sihanoukville is much higher than that in Kep province, mainly due to the price speculation from deep-pocketed Chinese investors. This will push other investors to pull out of Sihanoukville and consider investing in similar potential coastal provinces such as Kep and Kampot with less competition and cheaper land prices - Searching for land for sale in Sihanoukville!According to Mr. Brad King of Koh Rong Property, speculation from investors, in particular the Chinese, “is pushing Sihanoukville land prices higher than similar plots of land along the Thai and the Philippine coastlines.”“This is stunting ongoing investment on the mainland and price speculation is becoming ridiculous. Average land prices are over $1,000 [per square metre] along the Sihanoukville coastline,” believes Mr. King.Real estate agents in Kep are optimistic that with the government’s plan to build more infrastructure in the province - such as road expansion, eco-tourism protections and seaport projects underway in neighbouring Kampot - there will be more tourists coming into the two provinces very soon, for instance ADB injects 1M into Eco-Tourism.More tourists in Kep will drive more residential development projects in the province such as hotels, resorts and guest houses, eventually pushing general real estate prices higher, according to the local real estate agents.Want to learn more? Check out other great resources on Realestate.com.kh now! Go to our Location Profiles and Investor Guides pages for more information!Search our current property for sale in Kep or property for rent in Kep on  Realestate.com.kh!

Knight Frank, the independent global property consultancy, has recently released a new report on the Asia-Pacific Prime Office Rental Index for Q2 2017. According to the report, the index increased 1.2% quarter-on-quarter and 0.6% year-on-year as at the end of the second quarter of 2017. There are office spaces available in Phnom Penh, you may want to know how to choose the best working space!The increase in the index was the result of rising rents in 15 out of the 20 markets tracked over the quarter. Phnom Penh topped the chart this quarter at 4.2% increase quarter-on-quarter, compared to a flat performance in the last quarter, says Knight Frank report.The completion of Exchange Square not only set a new benchmark standard for Grade-A office, but its strong pre-commitment level also boosted prime rental levels in the Cambodian capital.In the first half of 2017, the regional economies of China, ASEAN-5 and Japan performed considerably better than expected, as the IMF revised its growth projections upwards for emerging and developing Asia.Nicholas Holt, Head of Research for Asia-Pacific, says, “The pickup in global trade and domestic demand has negated geo-political risks to a certain extent, thereby providing a strong foundation for the Asia-Pacific prime office markets.” Over the next 12 months, Mr. Holt expects rents in 15 cities out of the 20 tracked to either remain steady or increase, which is the same as his previous forecast.Meanwhile, the latest report by Knight Frank Cambodia shows that as at H1 2017 the Phnom Penh office stock was recorded at more than 330, 000 sqm of net lettable area (NLA) showing a 21% increase in office supply when compared with over 271, 000 sqm of NLA recorded at H1 2016.During H1 2017, more than 48, 000 sqm of office was delivered across 8 projects with Exchange Square being the only Grade A building adding approximately 18, 000 sqm to the prime office supply. The new supply included City Tower Asia, Bred Bank building, Sokea International,  Aston Tower, Time Tower, Lone Building and 79 Office Tower.However, according to Knight Frank Cambodia report, the majority of the existing office supply remains Grade B and C buildings while Grade A office represents only 16% of the total supply. This share is expected to rise significantly as 72% of the incoming supply is Grade A space as developers shift focus from residential development to commercial development in view of current supply and demand dynamics.Overall office occupancy showed an increase of 2.5 percentage points QoQ from 82.7% in Q1 2017 to 85.2% in Q2 2017. Grade A office occupancy has reached 59.8% due to the successful pre-leasing of Exchange Square and the leasing of space within Vattanac Capital.Asking rents for prime office space as at H1 2017 ranged from US$19 to US$38 per sqm per month. The completion of Exchange Square during the second quarter of 2017 has resulted in a stabilisation of rental prices for Grade A offices leaving potential tenants in a stronger negotiating position.Ross Wheble, Country Director of Knight Frank Cambodia, expects demand for office space in Cambodia to increase over the medium term as the kingdom continues to attract foreign investment. However, the significant Grade A incoming office supply will require suitable pricing in order to attract tenants.Looking for office for rent in Cambodia? Or looking for real estate for rent in Phnom Penh? Find it on Realestate.com.kh!