Q: The Cambodian national election has concluded, giving the ruling party another half decade to run the country. What will the Cambodian real estate industry look like over the next five years?Soth VirakCEO, Huttons CPLCambodia will benefit from relative political stability and continuing foreign investor confidence. Because the government’s political structure and administration largely remain the same, I think Cambodia’s real estate industry will keep moving forward in the next five years.Before investing in a property market, developers often look at several factors, including the economy and political stability. Political stability is one of the top factors they look at.The Ministry of Land Management, Urban Planning, and Construction approved more than 3,000 projects, mostly condo and borey developments last year. These projects are expected to be completed in three to five years. I think more projects will be approved this year and in the succeeding years.As for supply, it will continue to increase as 10 million square metres will reach the market every year. Locals and expats will continue buying properties in the Kingdom and middle- to low-cost housing projects offering low interest rates will be the biggest market.In the next five years, I expect China to continue to be the leading property investor in Cambodia, followed by Japan, Korea, Malaysia, and Vietnam.Teng RithyFounder and Director, Property Investment Realty PartnerThe real estate industry, in general, will continue to grow during the next five years. During that span, our team will develop about five residential projects. These will be condominium and borey projects, mainly targeting Phnom Penh and other key provinces such as Siem Reap, Battambang, and Kampong Cham. At present, these locations are being closely studied to determine their value in terms of location, price, and which types of houses are most suitable.Many local and international investors are paying more attention to the Kingdom’s real estate industry as they are confident of the country’s political stability and economic growth. I think they will continue to invest in real estate in various sectors, including tourism and agriculture.With regards to supply and demand, most of the residential projects are located in Phnom Penh. But there is also big demand in many provinces outside the capital owing to population growth. There are many people, mostly young families, who are in need of and are looking for suitable houses in the provinces.The supply of condo will be much higher in the future. Cambodia’s market is still small and has yet to mature. There is still plenty of room for growth when it comes to condo demand and supply.James HodgeAssociate Director, CBRE CambodiaCondo developmentWe expect that in five years the condo market will have transitioned through its first proper real estate cycle and be a much more mature sector. The market will offer a breadth of options across all grades and will be able to compete in terms of quality with other centres across the Asean region. International serviced apartment operators will be more prevalent and a few of the most forward thinking local real estate companies will have blossomed into market leaders.Condo developersAcross central districts in Phnom Penh, an absence of large land sites will mean developers turn towards the acquisition of brownfield sites or the amalgamation of smaller plots to form a large enough site. Secondary centres will develop around transport hubs and where access to the central business district is quick and efficient.Bank lending for condos will increase, especially as local buyers become more active in this market. Borey developmentAs land prices continue to increase, the value of landed property will also rise. This will push younger families and rising middle-class buyers who need to be close to the centre of the city towards the condo sector which will represent better value for their money.A result of increased land prices will be the dispersion of landed properties across a wider geographic area as developers hunt out land sites of the scale and price to ensure a profitable scheme may be delivered. In particular, land price increases in Phnom Penh will accelerate the construction of satellite cities and towns in suburban and rural locations. Ensuring that developments on the urban fringe are adequately supplied with both hard and soft infrastructure will be imperative to ensuring the success of these communities.We will see the first developments by the larger developers on the eastern banks of the Mekong, a trend permitted by improved infrastructure access across the river.Plot landPlotted land is likely to remain popular in provincial locations, while stocks close to prime cities will start to become uneconomical for small-scale development and as such will be swallowed up to make way for large-scale projects. Prices are likely to stabilise over the long term as families move away from self building and plot land investments towards urban living.Foreign investmentForeign investment into real estate will continue to be supplied by developers, but long-term investors interested in income bearing assets such as office and retail centres will grow in influence. As the local market matures we can expect to see the sophisticated institutional investors considering acquisitions.Investment in manufacturing and infrastructure will still be largely dominated by foreign players.As the capacity and experience of local developers increases, it will become more difficult for foreign investors to compete for local buyers. Some will rise to the challenge and start to develop products that better fit the needs of local buyers while others will focus on sales in overseas markets.Supply and demand (local and foreign)Supply is on the rise across all sectors and we see no slowdown in this trend so long as the economy continues to pursue its current growth path. Project launches may continue to be few in number but the scale of the projects is set to increase, especially as the large Chinese developers establish themselves and their brands in the Cambodian market.Demand is more variable, and will fluctuate considerably over a five-year timeframe. In the long term, if supply outstrips demand then there should be a market correction that will act to reduce new supply going forward. In the short term this correction is likely to be in the condominium sector.Over the next five years both local and Chinese backed demand and supply are likely to be the biggest influencing factors on the Cambodian real estate sector.Q: Over the last decade, Cambodia was among the fastest-growing economies in Southeast Asia. This is a trend that is expected continue in the next several years. What does Cambodia’s real estate industry need to do to keep pace with the Kingdom’s rapid development?Soth VirakCEO, Huttons CPLAccording to the International Monetary Fund, World Bank, and Asian Development Bank, Cambodia needs to keep improving in five key areas to keep pace with rapid development.First, we need to improve the infrastructure around the country. Currently, major areas such as Phnom Penh, Kampot, and Sihanoukville have seen new construction in terms of roads, railways, bridges, waterways, and so on.Second, Cambodia needs to reduce the cost of doing business, especially utility costs. The cost of electricity in the Kingdom is higher compared to other countries. With new hydropower dams, solar power plants, and coal-fired power stations it should be possible to reduce electricity costs.Transparency and market regulations also need to be improved to draw attention and buoy investors’ confidence. Developers are looking for countries with good investment prospects and where investors are treated fairly.I also believe that Cambodia needs a better education system that will help address the skills gap. This is a good way to build human resources quantitatively and qualitatively. In China, for example, there is no shortage of skilled labour. Because of this, their economy keeps improving. Cambodia should follow China’s example and build a large pool of highly-skilled labour.Last but not least, we need a longer time frame for transition from the use of the US dollar to the Cambodian riel for commercial transactions. While I believe the economy will benefit more from from transactions using the local currency, it is better to transition gradually for stability’s sake and for the convenience of many, especially foreign investors.Teng RithyFounder & Director, Property Investment Realty PartnerI believe that Cambodia’s economy will continue to grow if the political situation remains stable. To support the economy and welcome more international investors to Cambodia, we need to have quality infrastructure in the form of transportation, power and communications as well as solid support systems in place.This means that Cambodia, particularly the key areas of Phnom Penh, Siem Reap, Battambang, Kampong Cham, Sihanoukville, and Poipet, should be well connected. In Phnom Penh alone, there is infrastructure expansion towards the suburbs. Many roads are being built outside the city, one of which is a new “Ring Road”. There are also new sewage systems and electricity connections. These moves are leading more people to relocate to the city.In the same vein, there are many things that Cambodia’s real estate industry can do to make sure the country’s rise will not leave it behind.For one, it needs to embrace and keep pace with technology. In the more developed countries, smart homes, where entertainment, security, lighting, air-conditioning, and other systems are controlled remotely or via an app, are becoming a trend.While several major mixed-use and residential developments in Cambodia now tout smart homes, the Kingdom needs to do more to push or encourage development towards that direction.Cambodia also needs to continue improving vocational skills and training programs to close a significant skills gap and make Kingdom workers, particularly those in the construction and property industry, better and more competitive.The government should also make sure that laws and regulations governing the real estate and related industries are updated and enforced fairly.James HodgeAssociate Director, CBRE CambodiaTo limit risks over the long term and in order to help the market keep pace with development, but not out-strip it, developers must focus on the needs of individuals and companies and respond with projects that match demand.Cambodia’s real estate industry has a significant opportunity to build a competitive advantage, should it embrace technology. This would enable the early stage of the real estate sector’s development. The benefit of developing legal and technical frameworks means that it is easier to leapfrog other markets when embracing new ways of working through the implementation of up-to-date ideas and procedures. Property tech innovations like blockchain and smart city policies may well be in operation in some developments in Cambodia during the next five years.Infrastructure investment is required in a significant volume. With a growing population and increasing traffic, finding a solution for future transportation and infrastructure demands is imperative to the continued success of the real estate sector. If goods, services and people are not able to move freely this will place a cap on the level of development that is sustainable in any one location. An accessible, efficient form of public transport will be key to the long-term growth of capacity in urban areas. For infrastructure investment to be forthcoming, Cambodia needs to promote a suitable platform upon which such investments can be solidly based. An attractive, clear platform will allow Cambodia to leverage the weight of private sector capital available.In order to remain strong the real estate sector will most likely need to accept higher levels of control. At present developers are largely free to build properties that suit their wishes, and this doesn’t always mean that the resultant property is of benefit to occupiers, users and the people of Cambodia. Improved planning policies as well stricter safety and design standards will help to ensure that buildings are great places to live, work and play.Furthermore, there is a clear skills gap in the construction and real estate industry which is sustained by a lack of vocational education and the limited development stage of regulatory processes. In the real estate sector the first educational courses are coming, and this combined with experience and increased international exposure, as well as the excellent work of the Cambodian government in tightening regulation and modernising systems and processes, we can expect to see this gap close significantly over the next five years. Greater capacity, skill and transparency will all assist the market in delivering an environment that international investors find appealing and competitive.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info…Looking for real estate for rent in Cambodia or real estate for sale in Cambodia?

Cambodia is considered one of the fastest growing economies in Asia. Without a doubt, this growth has driven rapid progress in real estate.Condominiums, which represent a new trend in the Kingdom, are gaining steam and catching the eye of local buyers. There is a unique investment opportunity in buying condos. They can generate a solid revenue stream and increase hugely in value over time.Before last year, most new developments were centred either near the central business district or along major corridors such as Norodom or Hun Sen boulevards.The story changed starting in the second half of last year. Strategic areas such as Sen Sok, Tuol Kork and Chroy Changvar districts saw a flurry of activity.Soth Virak, CEO of Huttons CPL, said that the Kingdom is currently in a “golden age” of real estate and is offering huge value gains compared to Thailand, Vietnam and Malaysia. Markets there, he said, are mature but growing at a slower pace.Virak stressed two factors that make Cambodia unique in the region: affordable land prices and freehold ownership.“Phnom Penh is now similar to Hong Kong in the 1980s,” he said, adding that Knight Frank and other international brand developers are optimistic for the Kingdom’s future.According to a third quarter report from Cambodia’s agent group CBRE, six new condo projects were launched in that time. The majority of them were in these new up-and-coming districts.The new projects are set to add a further 2,374 units to the condo supply and will mark a 5.2% increase over launches in the previous quarter. This shows that developers are growing more confident in the sector and are putting down serious investments.Khorn Kungkea, CEO of agency ERA Cambodia, reflected on buying opportunities by saying that there are benefits to be had when buying from an off-plan project. He said that projects can increase in value as other projects fill in the surrounding space, and can be expected to generate high rental returns for years in the future.“Before, 80% of my clients were foreigners. Now, however, most are Cambodians,” Kungkea said, adding that reasonable prices are making for a very attractive market.A five-star unit in Cambodia, he said, can sell for between $2,500 and $3,500 per square metre. He claimed that a similar property in Singapore would be priced closer to $18,000 per square metre.Echoing Kungkea’s view, Virak said that 90% of his condo buyers are currently Cambodian.“For a typical project we sell five to six units a month to local clients,” he confirmed, adding that convenient location, good facilities and amenities, community lifestyle and flexibility were the main factors that led buyers to condos. He said that if they wanted to rent out the condos they were often able to get returns of 8% per year.Felix Calimbo Jr, sales and marketing manager for the Bel Air project, expanded on the flexibility offered by condo developments.“[Condos] offer high capital appreciation. Condos can be flipped into an apartment or hotel whereas other real estate investments can’t be.Calimbo was sure to remind that great deals don’t always mean good quality properties. He advised buyers to follow due diligence on legal issues before making any decision.Speculating on the future, however, he said that he expects condos to be a much more prominent feature of Phnom Penh’s skyline as the years go by.Looking for condo for rent in Cambodia or condo  for sale in Cambodia?

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

Cambodia is one of the fastest growing economies in Southeast Asia. In the last decade, Cambodia experienced unprecedented economic growth averaging almost 7 percent annually.Cambodia’s success story, which is most evident in Phnom Penh, Sihanoukville and Siem Reap, coupled with relative political stability and a business-friendly environment, has made the Kingdom attractive to many investors, including international property developers.China, Japan, Korea, Malaysia, Singapore, Thailand and the US are among the top property investors in Cambodia. In the last few years, China emerged as the leading investor, sinking billions of dollars into the Cambodian property sector.As of October 2017, China has invested a total of US$12.57 billion in Cambodia, which accounts for 36.4% of the Kingdom’s foreign direct investment (FDI). Investment in real estate topped more than $1 billion, which is roughly 10% of total investment.Most of the Chinese capital came with the One Belt, One Road Policy, which primarily seeks to strengthen trade linkages between Europe and Asia. Cambodia is an important partner of this Chinese initiative.One major Chinese investor is Zhongjian Hesheng Properties Co Ltd. The company has grown to become a leading property developer in China and overseas with total assets of nearly 10 billion yuan (US$1.5 billion) and more than 200 employees. The company also has interests in transportation, construction, and other businesses.The company brings Lingnan Garden to Cambodia, a bran new garden and community-centred development.Lingnan Garden is perfect for people, that while environmentally-conscious, put a premium on privacy, comfort, luxury and convenience. Many young professionals, both local and foreigner, fall in this category.Lingnan Garden is ideally located near Phnom Penh’s central business district in an area of Dangkao district, less than one km away from two premier investment hotspots in the city - Hun Sen and Monivong Boulevards.Nearby is an excellent string of amenities, which include embassies, ISPP, the Royal Hospital, Aeon Mall, restaurants, banks, markets, cafes, mini marts, transportation hubs, sports facilities, hotels, and others. PH Diamond Mall and PH Eco Mall, two major shopping centres that will open in 2021, are also a short distance away.Lingnan Garden occupies more than 2.1 hectares of prime lot, and after completion it will have a total of 160,000 sqm of living space, of which more than 30 percent is devoted to greenery and trees, where people can relax after a busy day and interact with one another, while shielded from the blazing heat of the sun.The unique, stunning garden in Lingnan Garden provides the comfort and light that everyone needs in life. The ultimate goal is to make Lingnan Garden an "Oasis of Comfort and Luxury" amidst the din and bustle of the city.Scheduled for completion and handover in 2020, Lingnan Garden will have three types of luxury apartments and condominiums built over 33 floors. Each unit will have anywhere from one to four bedrooms, all with balconies ranging from 48 sqm to 145 sqm.Occupants and their guests will have special and free access to an infinity pool, clubhouse, gym, more than 1,300 underground parking spaces, among other amenities of modern living. From all units, occupants will have rare, picture-perfect views of the Bassac River, Phnom Penh and its surrounding areas.Whether buying your first home or as an investment, Lingnan Garden is simply the best choice. Lingnan Garden provides excellent investment opportunities to would-be buyers. For any unit purchase this year, a buyer will have a Guaranteed Rental Return (GRR) of as high as 12% in two years.Lingnan Garden had a grand opening on August 5. Phase one is sold out, while sales for phase two have commenced.Looking for real estate for rent in Phnom Penh  or real estate for sale in Phnom Penh?Get more information about Lingnan Garden

Established in 2011, 995 Home is one of the top real estate companies in Taiwan. The company is primarily focused on rental and property management services, with more than 1,000 houses in different parts of Taiwan under its care.995 Home comes with a vision to upgrade the standard property, create a blueprint for happiness and peaceful living, and become Taiwan’s first rental housing service management brand.Since its founding, 995 Home has provided top-tier services to homeowners, home buyers and renters, gaining for itself an outstanding reputation.Last year, 995 Home entered the Cambodian property market. In Cambodia, 995 Home is working with the developers of Precious Ruby, and VIA Residence.In order to gain more insight into 995 Home, Realestate.com.kh conducted an exclusive interview with Henry Lu, CEO of 995 Home. This interview was partially edited and condensed for clarity.REAKH: Can you briefly introduce your company?Henry Lu: Established in Taiwan in 2011, our company, at present, has over 1,000 houses in Taiwan, including more than 700 in Taipei, and more than 300 in Taichung. Properties under our company’s management have a combined value of approximately five billion Taiwan dollars (US$160 million). Of the 1,000 property units, we own more than 100 of them. 995 Home has been operating for more than seven years. In the beginning of last year, the company established a branch office in Cambodia. The Cambodian office has a dozen employees and provides service in Khmer, English and Chinese.995 Home is mainly working on property rental and management services, similar to what every real estate agency is doing.REAKH: What was the main reason 995 Home chose to invest in Cambodia?Henry Lu: Compared to other countries in Southeast Asia, Cambodia has a greater potential for economic development. We were also drawn by the people and culture of the country. The Cambodian people are kind and most of them get along well.REAKH: There many real estate companies, local and international, in Cambodia. Why should customers choose 995 Home?Henry Lu: First of all, from my perspective, we are looking at win-win solutions for landlords, tenants and companies. We emphasise sizable income for landlords and quality stays for tenants. When we rent out properties, we make sure that tenants are taken care of. This makes them happy and encourages them to stay longer.REAKH: What has 995 Home achieved in Cambodia so far?Henry Lu: We are working with the developers of Precious Ruby and VIA Residence. Before entering into Cambodia, I heard their occupancy was not high, only about 20% a year. However, after we took over Precious Ruby, the occupancy rate increased to as high as 90%. According to a local agency, it would take four to five years to rent out the building. Under our watch, it took only six months, and the building remains full.We provide excellent property management services to our clients, and we wish to thank them for trusting us to take over the management of their properties. In the future, we want to work with the larger property developers.REAKH: What are the strengths of the company? What makes it very successful?Henry Lu: 995 Home possesses three major strengths. The first one is corporate culture. We give customers a sense of happiness, satisfaction and direction. Our listed houses are rented fast, with rental values above the prevailing market rate. This is the main reason why many landlords, developers, and investors prefer us. The second is our company’s adherence to the one-stop service concept. For example, everything from the initial purchase of the house to renting it out is arranged by us. The landlord does not have to worry at all. The third strength is our use of modern property management technology: our Online Management App. It is a simple and useful technology. You only need to do two things. First, you log on to the app where the rental information, monthly income, monthly expenditures, and other pertinent information are recorded. Secondly, you can check if you have received the money via online banking.REAKH: What are your company’s plans for the future?Henry Lu: We are promoting our Online Property Management App. This app is available to both owners and tenants. It is also closely connected to Realestate.com.kh. If a landlord posts the information on Realestate.com.kh, we follow it up and then negotiate to manage the property. This app is still in the testing stage and will be officially launched by the end of the year.REAKH: Tell me what you think about the Cambodian real estate industry.Henry Lu: Presently, the property market is booming. We came here to be part of it and help the market grow. We want to become a part of the success of the Cambodian real estate industry.REAKH: Can you talk about some of your experiences as part of the Cambodian real estate industry?Henry Lu: We have been here for the past four years. The Cambodian real estate industry is not mature yet, resulting in many inconveniences and disputes. For example, when an expat buys a house, he/she then becomes an “orphan landlord”, a situation where no one will rent or help them rent out their house. We set up a company branch here partly to help these “orphans” solve their problems and get out of their dilemma. We want to help them, at the same time ensure that tenants live comfortably. We will see more developments in the future.REAKH: 995 Home has been working a lot on marketing and publicity, which involved collaboration with Realestate.com.kh. What do you think about this partnership?Henry Lu: We are very much happy that we have the opportunity to work with Realestate.com.kh. Through this partnership, we are confident we will become more competitive in the sector. Your magazine and marketing campaign are very professional. We are very happy to work with professionals like you. We are looking at a strong and continuing partnership well into the future.Check out 995 Home's hottest properties on Realestate.com.kh!

A number of useful insights were gleaned from Realestate.com.kh's annual real estate survey and the subsequent investment guide. Respondents told about their perceptions of the market, where they were hoping to buy property and how they felt the sector would change in the upcoming years. Zooming out and comparing Cambodia with its neighbours can also bring up some interesting points, however. On the whole, the Kingdom looks to be following in the footsteps of the property markets in nearby Thailand and Vietnam.In the Thai capital of Bangkok, for instance, condominium developers are reporting increased sales to foreigners, especially Chinese nationals, according to a quarterly report from real estate consulting firm CBRE Thailand. The document notes that it remains to be seen whether the condos will be rented to foreigners or locals after they are completed.The supply of condos in Bangkok’s downtown area was up by over 5 percent in the second quarter of this year, the report showed. Additionally it notes that the market is in a period of stabilisation after a record number of launches last year. Many have commented on the growing supply of condos in Phnom Penh.On the other side of the peninsula, in Ho Chi Minh City, the amount of residential projects launched in the first quarter was up by over 50 percent compared to the same period last year. The data, released in a quarterly report by Vietnam real estate firm JLL, showed that most growth was fuelled by mid-level properties. Affordable projects also contributed to the rise.Perhaps this metric gives a hint of where Cambodia is headed in the coming years. Realestate.com.kh’s survey this year showed that, of respondents who were planning to buy property in the next year, over 40 percent expected it to cost less than $50,000. Indeed, even in the Kingdom, demand is slowly shifting upward in terms of price and we may see more mid-level options in the coming years.It’s just businessIt’s apparent to many developers in the Kingdom that the supply of condos and apartments could soon be saturated. To mitigate the effects of this, an increasing number are creating mixed-use spaces that offer retail, residential and, sometimes, office space on the same premises. But are owners doing the same thing in the rest of Southeast Asia?In Bangkok, the market for office space looks more positive than ever. Supply is trending upward and looks to break past nine million square metres shortly. Vacancy rates are on the way down, too. Just 6.8 percent of spaces were empty in the second quarter of this year, as opposed to 7.3 percent the quarter before.The same situation seems to be playing out in Ho Chi Minh City. Supply is trending upward, mostly on the strength of Grade B spaces, according to the JLL quarterly report. Occupancy rates stood at 92 and 95 percent for Grade A and B offices in the city, respectively. In Hanoi, meanwhile, only one new Grade B space was added in the last three months so numbers were relatively flat. Occupancy across the board was up to 93 percent, however, despite moderate rises in average rent prices. This shows a healthy demand in the Vietnamese capital.Retail trendsRetail space took a huge leap forward in 2018. It was even dubbed the “Year of the Mall” by local media. Over a half dozen major shopping hubs opened their doors in the past year, catapulting total retail space to over 350,000 square metres, a huge increase from just over 200,000 square metres, where it stood a year ago.According to a report by estate agent group CBRE Cambodia, covering the first quarter of this year, supply was up 95 percent in Phnom Penh. This is opposed to a 4 percent rise in Bangkok and a 26 percent and 21 percent rise in Ho Chi Minh City and Hanoi, respectively.Bangkok remains the regions behemoth for retail space, however. The metropolis is close to having eight million square metres of retail space which boasts a 95 percent occupancy rate. CBRE’s survey shows that to be one of the highest rates in Southeast Asia. Phnom Penh’s retail space is sitting at just above 80 percent occupancy.Thankfully, rental rates are still quite low in the Kingdom compared to surrounding markets. CBRE’s data showed that prime ground and first floor retail spaces could still be rented for less than $50 per month. In both Bangkok and Ho Chi Minh City, rent was more than twice that for comparable spaces and in Hanoi prices were hovering around $200 per month.Healthy rivalryPeople often lump Thailand and Vietnam together while examining the developing economies of Southeast Asia. While Cambodia still has a long way to go in terms of economic development, it’s clear the country’s trajectory isn’t far behind the nations flanking it. Indeed, despite having a reputation as a relatively stable economy, Thailand’s GDP growth has been all over the board in the last decade. After being hit particularly hard by 2008’s global financial crisis it came back with nearly 8 percent growth in 2010 but barely moved the year after.Vietnam seems to have more in common with Cambodia in this regard, as it has posted growth levels of between 5 and 7 percent for the last decade. Chinese influence is, no doubt, is largely fuelling the growth in Cambodia. It has been predicted, however, that enterprises from both China and Vietnam may move production facilities to the Kingdom over the next few years as they move away from labour-based economies themselves.To delve deeper into statistics from this year check out our annual survey and investment guide!

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

Property showrooms are ubiquitous in the capital these days. Developers of the North Park condominium project, however, have brought their style and sophistication to a new space that stands out from the pack. It’s meant to show all the facets of their revolutionary real estate.The luxurious wood paneling will show you that the place was laid out with the same attention to detail as the residential development it’s showcasing. Certainly, you will get a feel for the style of North Park as soon as you set foot in the showroom.Located along Norodom Boulevard just north of Independence Monument, the exhibition space offers an elegant place to view the extravagant details of the North Park project. Indeed the overall level of taste is confirmed by the sleek lines of this new centrally located showroom.Speaking on why the developer decided to open up a new showroom to highlight its offerings, Go Wei Han, sales and marketing director for North Park, said the space had all the features of their other location, except for show units. Those can be found at the first showroom, located at the building site west of the city centre.Anyone who is curious as to what the North Park project is about should surely stop in to get more information. You will feel right at home in the showroom's relaxing arrangement.“We wanted to have another location that is more convenient for our potential customers,” Wei Han added.The new showroom will serve as the home base for all updates on the exciting condominium project currently underway on land adjacent to Phnom Penh’s world-renowned Northbridge International School.Indeed all manner of pictures, diagrams and models are available at the new showroom. Buyers can peruse floor plans of the spaces they are planning to buy. It’s easier than ever to envision yourself within the luxurious spaces when you are able to explore every corner with 3D graphics and artist renderings.North Park is made up a perfect synergy of clean interiors and lush exteriors. More than a hectare of garden land adorns the space around the structure and truly lets the place breathe.Further, expert staff will be on hand at the showroom to answer any questions you may have about the progress of the project. Up until the handover date, the showroom can be the best way for you to communicate with the North Park team.It’s often the details that are the most important and in the showroom you can learn more about all of North Park’s key characteristics: the lagoon swimming pool, restaurants, gym, playground and 24-hour security.Putting a new showroom right on the capital’s main thoroughfare represents a dedicated knowledge of space. As a place where people come to connect with the project, the showroom should be in a place everyone can reach.So, whether you’re curious about what North Park has to offer or you are prepared to start shopping for a condo, the new showroom on Norodom Boulevard should be the first place you go.Get more information about North Park condominium projectand learn more about Cambodia’s newest developments by visiting Realestate.com.kh!

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

Cambodia continues to reap the goodwill of its friends and neighbours, with Japan and Korea recently offering to help improve quality and safety in the Kingdom’s construction and property sector.The offer of assistance from the two Asian powerhouses is timely and significant, with Japan and Korea among the top investors in the sector.Last year, Korean investments in Cambodia reached $4.5 billion, with a big chunk of it representing investments in real estate. Korean real estate investors in Cambodia include Booyoung Town, Yon Woo Co Ltd and World City Co.Japan also has substantial property investments in Cambodia, with the two largest shopping malls in the country, Aeon Mall and Aeon Mall 2, built by the renowned Japanese mall developer Aeon. Other major Japanese real estate developers and investors in Cambodia include Creed and Arakawa.The Japanese government, Labor Ministry, and International Labor Organization (ILO) are working on a project aimed at improving safety standards in the construction sector.The first phase of the project, which is focused on the general labour sector, concluded in 2017, and the partners are now discussing phase two, which solely focuses on people working in the Kingdom’s construction sector.With Cambodia in the middle of one of the world’s fastest buildings booms, more and more locals are working in the construction and property sector. The sector currently employs 250,000 to 260,000 people.Many construction sites across the country are notoriously unregulated and dangerous, leading to a high rate of accidents in the sector, mostly construction workers falling to their deaths.  Two weeks ago, a construction worker was killed and four others were seriously injured when a building under renovation in Siem Reap collapsed.Dr Leng Tong, Director of Labor Ministry’s Health and Safety Department, said the Japanese are keen on starting with the next phase. “The Japanese agreed to commence the second phase of the health project aiming to increase work safety within the construction sector over the next three years,” he said.Among the project’s objectives are: strengthening work inspections and improving working conditions at construction sites and, secondly, establishing a legal framework and setting in place other regulations governing occupational health and safety, particularly in the construction industry.Part of the project, according to Leng, is pushing for more laws regulating safety and more on-site training for construction workers and their employers. He noted that the Labor Ministry has previously carried out on-site health and safety training for construction workers in Phnom Penh, Kampong Speu, Svay Rieng and Kampong Cham.Japanese assistance on this aspect is very helpful, especially that the East Asian country is known for having one of the best construction safety standards and records in the world.The Koreans, meanwhile, have announced plans to build a Cambodian-Korean Institute of Construction Technology (C-KICT). The plan to build the institute was announced during the recent visit of a Cambodian delegation headed by Transport Minister Sun Chanthol to Seoul, Korea.The institute's stated goal is to help and guide the Ministry of Public Works and Transport maintain and improve standards of construction quality. Korea is known for maintaining high construction standards, and Cambodia will definitely benefit from the technical assistance that Korean engineers and builders can extend.While the C-KICT’s focus will be on improving the standards of road construction, it is understood that the institute will also be available to help improve standards in other areas of the Kingdom’s construction and property sector such as building construction.Minister Chanthol noted that Cambodia needs to improve road construction standards to make roads last longer and to avoid accidents, many of which are caused by roads in bad condition, especially in the far-flung provinces.As of this year, Cambodia has more than 50,000 kilometres of road, more than half of which is classified as rural or provincial. A substantial part of the Kingdom’s roads are in poor or bad condition.During the visit, the Cambodian delegation were treated to a display and were introduced to major Korean construction technologies, safety improvement technologies, and management systems.The Korean Institute of Construction Technology (KICT), which is responsible for Korea’s modern-day construction standards, will spearhead the establishment of the C-KICT. The exact location and timeline for the project have yet to be revealed, though Minister Chanthol requested that it be finished within two years or "as soon as possible".Learn more about Investing in Cambodia, Foreign Ownership in Cambodia & the Cambodian Expat Experience!

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

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

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

EZECOM is a leading provider of internet and communications services in Cambodia.Since it entered the Cambodian scene in 2007, EZECOM has had a single mission which it zealously pursued: “To become Cambodia’s premium provider of communications services through constant innovation and improvement, while contributing to society.”So far, EZECOM has accomplished most of the goals outlined in its mission. The company has everything going for it and achieved unparalleled success owing to a hardworking and dedicated workforce, world-class customer service, and advanced technology for wholesale, enterprises, and consumers. While working to achieve its goals, EZECOM also made sure that it continues to be a big part of the community.EZECOM became one of Cambodia’s pioneers in internet service when it was established 11 years ago. EZECOM has made a name for itself for being consistent and timely in providing the best telecommunications and internet services to numerous clients across Cambodia.In the years it has been in operation, EZECOM has achieved several milestones, including building an extensive fiber network that is even more impressive than those found in some developed countries in the West. EZECOM has the best and largest network in the country, with more than 11,000 kilometers of fiber-optic network covering 99 percent of Cambodia and linking the Kingdom to Thailand, Laos, Vietnam, Singapore, and Hong Kong.In 2011, EZECOM acquired the local wholesale fiber company Telcotech, making it the sole Cambodian member of the Asia America Gateway (AAG) submarine cable network consortium. The AAG, which stretches over 20,000 km, is a high bandwidth submarine cable connecting the United States (US) to Southeast Asia.   A few months ago, EZECOM entered into a partnership agreement with Thai-based LXT Networks to offers a connectivity solution linking five countries (Myanmar, Laos, Cambodia, Vietnam, and Thailand) in Southeast Asia.Other distinctions achieved by EZECOM include being selected as Cambodia’s best ISP by the Public Information and Communications Technology Committee; becoming the first Cambodian ISP to acquire a submarine license; and the first ISP in Cambodia to be ISO certified.EZECOM is also making sure that it is contributing to the development of Cambodia and the welfare of its people.Thanks to EZECOM, thousands of students from the country’s top universities and high schools have access to free high-speed Internet, which otherwise would be unavailable to them due to high costs.EZECOM has also supported various social projects such as the Development Innovations Initiative, which seeks to improve information technology (IT) knowledge and skills among Cambodians.The Cambodian economy is one of the fastest growing in Southeast Asia, growing by an average of 7 percent in the last 5 years. At the same time, the property sector grew tremendously mainly due to political stability and influx of foreign capital. This growth is matched by a growing demand for quality residential and commercial properties among an increasingly wealthy population.Established in 2009, Realestate.com.kh has had a long experience working in the real estate sector. It organized the Realestate.com.kh EXPO 2018 to further promote Cambodia and its real estate sector locally and internationally. The importance and contributions of a healthy real estate sector are not lost on EZECOM, which has worked with some of the top players in the sector. EZECOM is proud to be a sponsor of Realestate.com.kh EXPO 2018, and encourages all interested stakeholders to attend the event.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info…Looking for real estate for rent in Cambodia or real estate for sale in Cambodia?

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

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

Cambodia, which is experiencing one of the fastest real estate booms in the world, is among several countries in Southeast Asia where Ascott Limited (Ascott) is planning to expand its operations.Ascott is a top Singaporean real estate firm with a focus on serviced residences. The company which has pioneered Asia-Pacific’s first international-class serviced residence with the opening of The Ascott Singapore in 1994, has grown tremendously. Currently, Ascott Limited operates 55,000 serviced residence units in Europe, Asia-Pacific, Americas, Middle East, and Africa.  Ascott is a part of CapitaLand, one of the largest real estate companies in Asia.Ascott is keen to expand in many parts of Southeast Asia, including Cambodia, Myanmar, Malaysia, Philippines, Thailand, Laos, and Vietnam. Kevin Goh, Ascott CEO, made the announcement after sealing a partnership and investment agreement between Ascott and TAUZIA Hotel Management of Indonesia a few days ago.The company cited the region’s sustained and strong economic growth in the last several years as reason for their planned expansion. Cambodia leads the region in this aspect, registering an average 7 percent economic growth in the last five years.Currently, Ascott has a serviced residences/hotel portfolio of 21,000 keys across the region, which it hopes to bring to 41,000 keys in the next five years.Joan Tan, Vice President of Ascott Communications Group, told the local media that Ascott open to opportunities in gateway cities in Cambodia such as Phnom Penh. Ms Tan did not give a specific time frame on Ascott’s expansion in Cambodia, instead saying that it will be dependent on opportunities that may arise.During last year’s opening of CASA Meridian Residences, Ascott’s first-ever serviced residence in Cambodia, Lew Yen Ping, Ascott’s General Manager for Vietnam who also oversees the company’s expansion in Cambodia, Myanmar, and Laos, said that expansion to other parts of Cambodia and in other parts of Asean is one of their priorities.“We will continue to explore opportunities to grow Ascott’s presence in Cambodia and other Asean markets to reap benefits from greater economies of scale and expand our network of properties for customers,”she said.Ascott already has a presence in Cambodia. Aside from CASA Meridian, Ascott also developed Somerset Norodom Phnom Penh. Located in Koh Pich (Diamond Island), the 34-storey CASA Meridian was the first international-class serviced residence in Phnom Penh and consists of 75 fully-furnished residences, shopping mall, wellness facilities, and premium office spaces.With Cambodia’s economy growing exponentially and more Cambodians graduating from low-income status, the Kingdom recently has become a favorite of many property developers in the serviced apartment business. Aside from Ascott, these include Singapore’s Oakwood Worldwide and Japan’s Leopalace21.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info…Looking for real estate for rent in Cambodia or real estate for sale in Cambodia?

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

Six Senses, one of the top hotel and resort brands in the world, will soon have its first ultra-luxurious offering in Cambodia- Six Senses Krabey Island.Six Senses Krabey Island, which will open its doors to customers this coming December 1, will join a growing list of top-tier resort developments in various parts of the Kingdom, including Alila Villas on Koh Russey (Bamboo Island) off Sihanoukville and the Bale Phnom Penh on the outskirts of the capital.In Kampot province, Pallas Group, one of the world’s largest property developers, announced a $23.2 billion development and resort project dubbed as French Riviera Marina. In neighboring Koh Kong province, the Chinese will start work next year on another multi-billion dollar seaside development, Dara Sakor Seashore Resort.Described as a stylish island escape, the new resort stretches over 12 hectares on Krabey Island, a private tropical paradise located a few miles from Sihanoukville.Bernhard Bohnenberger, President, Six Senses Hotels Resorts Spas, described the resort as one of the best island escapes around. ““We are delighted to add this gorgeous gem to our portfolio of island escapes,” he stressed.He said they have taken steps to preserve and protect the island of Krabey and is also employing thoughtful and conscientious design into the project’s building practices. “We are eager to offer an enticing holiday option and new destination to travelers bound for Cambodia and Southeast Asia,” he said.Six Senses Krabey Island combines modern technology and best practices in sustainable development for guest wellness and comfort. It is composed of 40 ultra-modern private pool villas that feature private plunge pool and decking that are perfect for sunbathing and poolside dining. Also in the resort are two restaurants, full-service boutique, sunset bar, ice cream parlor, observatory, and an expansive spa.At the resort, guests can go fishing, kayaking, snorkeling, organic farm visits, night sky observation, and can watch movies from an outdoor cinema, among other activities.The resort has come up with sustainable initiatives like having a water bottling plant that use glass bottles, Earth Lab that takes care of a 3,700 square meters organic market farm, coral propagation program, and teaching the local Khmer communities nearby about sustainable practices.Six Senses entry into Cambodia is timely with demand for luxury accommodations greater as ever with more visitors going to Sihanoukville and nearby areas.Last year, Sihanoukville welcomed almost 2 million local and foreign visitors. The province has more than 80 hotels and 300 guesthouses, which according to people in the hospitality industry, are not enough to meet the current demand.To celebrate its opening, Six Senses Krabey Island is offering the Private Experience Package where guests can get a 20 percent savings on the best available rates between December 1 to 21, 2018 and January 11 to 31, 2019.Six Senses currently operates one hotel, 15 resorts, and 31 spas in 21 countries all over the world, including China, Thailand, Bhutan, Portugal, and Fiji.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info…Looking for real estate for rent in Sihanoukville or real estate for sale in Sihanoukville?

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