Loans interests update: the National Bank of Cambodia's announced on the 3rd of March 2017 their decision to cut down interest rates of loans of all the banks and micro finance institutions (MFI) in Cambodia to 18% per year.Having set the interest rates to a low 18 percent a year or simply 1.5 percent a month, this contributes to the support of the Cambodian Royal Government policy regarding the protection of the interests of citizens, especially the underprivileged. It also helps prevent excessive debt of citizens, reducing poverty, protect customers from high interest rates for loans from any micro finance institution, and also to promote loan operation effectiveness and security through loan provisions from MFI.Previously, the interest rate was not explicit, and some MFIs set high loan interest rates of up to 3% a month or 36% a year, which has buried many people in debt.This announcement is a good sign of resolution to reducing the debt of the citizens. And it will also be advantageous for startups, small businesses, and all economic activities involved in the country.This announcement will be implemented effective 1st of April 2017 and marked as mandatory.A senior official of the National Bank of Cambodia clarifies that this announcement only applies for new customers. Existing customers will still make use of the old interest rate policy.Find the best real estate news on Realestate.com.kh

There are plenty of developments being built in and around Phnom Penh, and among these are pretty good investment opportunities. Along with the many attractive qualities of these new projects, is the promise of guaranteed rental returns that can go up to about 20% during the first two to five years after purchase. But experts such as the CEO of Huttons CPL, Sharon Liew, explains that “in general, anything higher than 20 per cent is likely too good to be true.”However, it is more than possible to find lower and more realistic guaranteed rental returns on the market right now. So, if you’re thinking of buying a space to rent out for future investment return, what do you need to consider first and how exactly do you calculate whether or not the promised guaranteed rental return is true?What are the Considerations for Return of Investment?Developers will promise investors a lot of things. But promises are just that if you’re not careful. So, here are a few things that you can do to protect your investment from going down the drain.Research - The first thing you want to do before talking to the developers and property managers is to make sure that the guaranteed rental return is consistent with market conditions. So, location, pricing, condition, and real estate forecasts will factor into the equation. If there’s an expected increase in demand in the future in a specific area, then that might be a good investment. But if a developer is promising a high guaranteed rental return and something about the data seems odd or off, look into it further. It’s also advised to follow trends that have been proven rather than influxes.Get a contract - When you’re finally sure that the guaranteed rental return is plausible and you sit down with an agent, a developer, or a property management representative,ask to see a draft of the contract. Check all the documentation and see if there is any mention of the guaranteed rental return. Otherwise, you don’t have anything to hold them accountable with. If you can, get a financial advisor and a legal advisor to look at all the paperwork.Ask - Make sure to also check the capability of the property management firm. If it’s possible, ask them about their financial estimates and plans for the property. Oftentimes, the first few years of management is great until they lose sight of their finances and the quality deteriorates. Making sure that they have a plan for the different scenarios that may play out means they did their independent study as well.How do I Compute for Return of Investment?Now that you’ve placed everything in order, it’s time to actually compute your actual return of investment. But how? There are two basic ways to do that, and it actually depends on whether you are planning to pay in cash or through a financing scheme.How do I Find Out Return of Investment if I Pay in Cash?This is probably one of the easiest ways to compute for return on rental investment. All you have to do is to divide the expected annual return by the original total investment. Take note that the expected annual return is the amount after tax has been deducted and the original total investment amount includes costs like remodeling.So, for example, you buy a unit for $235,000 and decided to add certain appliances. This brings up your cost to around $245,000. If you charge your tenant $1,800 a month, you have roughly $21,600 in a year. But you have to pay a yearly real estate tax of 0.1% and a 14% rental income tax. That amounts to $3,259 which brings profit down to $18,341.So, your Return of investment from the rental property is computed by dividing $18,341 by $245,000. That brings you to an 7.4% ROI a year.How do I Find Out Return of Investment if I’m FInancing the Property Through a Loan?Taking a loan or mortgage makes the process of calculating ROI more complex, but nonetheless possible. Taking the above example, assume you get the same unit. The terms of a bank state that you’re allowed a maximum loan of 70% with 8.25% a year interest rate for 20 years. Let’s say you already paid the first 30%, your total initial payment is $70,500. Let’s also assume you got $10,000 worth of appliances. Your total out-of-pocket so far is at $80,500.Next we have to take into consideration the ongoing costs associated with the loan. You took out a 20-year loan with a fixed interest rate of 8.25%. This would mean a monthly payment of around $1,402. That’s $16,824 a year.For loan computation assistance, you can use our Loan Calculator!We’ll then add the same yearly tax you have to pay at around $3,259 to the $16,824 you have to pay a year. Now, assuming you’re still asking for $1,800 every month and you subtract your yearly payment amount, you will be left with around $1,517 yearly.What’s left for us to do is to then divide the yearly profit by the original out-of-pocket costs to determine the ROI. $1,517 divided by $80,500 equal an ROI of 1.9% a year.So, is Buying With Cash Better Than Getting a Loan for Return on Rental Investment?There is a noticeably large difference after comparing the ROI rates using both method of payment. But choosing between the two financing options boils down to a matter of preference. If you’re in it for just the rental return, then paying in cash would make more sense. But for investors who are planning on resale in the distant future when prices have shot up but don’t mind getting rental returns in between, the second option seems like a better one.But What If I Plan on Letting Someone Rent It Out to Own It Eventually?If you’re planning on doing this and paydifference ing in cash, the return of investment will be just the same as when you resell. The only will be when and until when you get the returns. If you do this while you’re on mortgage, the renter will technically pay off the loan and pay you profit a month at a time.Use our online search tool at Realestate.com.kh to help you look for good investment properties now!Is There an Easier Way to Get a Computation?Yes there is! If you’ve taken a loan from the bank, then your bank may have probably already gotten a valuation of the property. This means they’ve already considered all the costs, the benefits, and the risks to ensure that they’re not going to lose any money or that there is minimal risk involved. Now, maybe you want to know the inherent risks, the potential of a property, and how much you may be able to make out of it. Well, you can avail of valuation services for personal purposes too.Not to say that the above ROI computations are not at all helpful, but valuation takes into account several things other than just tax, profit, and initial cost. It gives you a clearer picture of what you’re getting yourself into by also considering the geographic location, the nature of the property, the current usage and usability, disaster, insurance, construction quality, age of construction, approved documents from local authorities, and the maintenance of the property.With all of this, they’re able to give you an overview of the property’s current state and of what might happen the future, in case you are planning on reselling a property or maybe even live in it. This can be an overwhelming process sometimes for investors, but since valuation services are done by experts in the field, they can tell you whether you’re making a potentially great investment or not.There are a lot of opportunities out there to invest in Phnom Penh’s real estate, but knowing what to invest in and how to invest in them makes for a good return on rental investment. So, take a shot at it and browse through different properties now!For more information and news on valuation, visit Realestate.com.kh now!

Cambodia displays a highly competitive real estate market. Within this crowded market, CPL Cambodia Properties Limited is trying to bring transparency, sustainability, and satisfaction to serve value to its customers.CPL is a pioneer in the real estate scene of Cambodia. It was established in 1997 through a partnership with an American professional realtor and Oknha Cheng Kheng who had great experience in real estate and appraisal.With continuous growth and increasing trust from customers, CPL has become a member/partner of international organizations such as the Pacific Appraisal Co., Ltd. (Korea) and the VPC Asia Pacific, in association with Cluttons.In order to find out more about the company, Realestate.com.kh talked to Mr. Soth Sokheng, Processing Manager of CPL Cambodia Properties Limited.When asked what the strengths of CPL are, Sokheng stated that “CPL Cambodia Properties Limited offers a full range of real estate services. We specialize in residential, commercial, and industrial property sales, as well as property valuation services. CPL has earned its reputation one property at a time as a talented and trustworthy organization that continually performs at the very highest level.”“Based on our professional experiences, CPL has always earned trust from financial institutions, draw upon developers, and international investors around the world,” he added.Mr. Sokheng also said that CPL has invested in the development of a cutting edge management system called “Portal” where property consultants have a full range of marketing, research, and technological tools available for use at all times. Working within a tightly-knit and highly-motivated team environment, customer support, and online services which they can draw upon are also very impressive.When asked in regards to the residential market of Cambodia, Sokheng revealed, “ Housing are still popping up. We have seen new projects growing, targeting the middle income bracket. The new construction along National Roads No. 1, 2, 3, 4 and No. 5 are targeting clients whose income ranges from $ 250.”Meanwhile, the high-income market seemed to have stagnated, with a looming oversupply. However, this did not result yet in a price drop. The current real estate market in fact, remains stable even with the shift from high-income families to middle-income families.There are also still good opportunities for real estate agents to work successfully and enjoy both the relational (clients services) aspect of the job, and the business and financial aspects as well.Mr. Sokheng also mentioned the unique selling point of CPL which consists in committing to assist and ensure that the client or business owners achieve their goals. He says, “We know that real estate clients want to deal with consultants who have additional knowledge, expertise, honesty, and integrity. We are very committed to achieve all these.”He added, “We understand that customers want to deal with real people. That's why we focus on creating a firm relationship and gain trust and respect from all our clients. This is our company’s philosophy which helps us in achieving personal satisfaction, high morale, and success.”We call ourselves “THE FIRST AGENCY OF CHOICE,” said Sokheng. We also work to be the leading company that provides best selling, renting, and valuation services in the real estate sector in Cambodia.Sokheng concluded that, “CPl also wants to announce to the public that we will celebrate our 20th anniversary on 7th of July 2017.  Our anniversary showcases our hard work, which has brought us from zero to where we are now. We would like to invite His Excellency, Oknha, and everyone to participate with us.”Check out CPL's hottest properties on Realestate.com.kh

A Phnom Penh Housing Market report release by VTrust Appraisal last week has revealed significant growth in investments in the construction sector of the capital -- amounting to a total of $8.5 billion in 2016 from foreign direct investments alone.However these factors in the landed housing market have stirred up questions as to the salability of these new and recently erected developments - particularly in the current demand outlook.The climate in Phnom Penh remains conducive for investment, in comparison to what it had been in 2002 when the first borey projects launched. The report indicates that the Phnom Penh landed housing market has gone a long way since the first landed housing cluster emerged during that time in Sen Sok. Supplies in different districts soon followed, and in 2017 the marketplace is frantic.But Miguel Chanco, lead analyst of Asean’s Economic Intelligence Unit, says that “there have been strong signs over the past few years that the housing market, especially in Phnom Penh, is in oversupply” because of all the developments that have been approved. This is particularly true for the condominium market of the country.In terms of landed housing, the supply reached around 100,278 units by the end of 2016.According to the Phnom Penh Housing Market report, around 28,097 more units will be adding to the supply by the end of 2017.This, Chanco believes, will cause sales to move at a lower pace in the coming years.Yet Chanco says the upcoming landed housing supply will still be filled in the next few years. And this is all thanks to the rising salaries of workers in the capital.Chanco says, “Phnom Penh’s population may be small compared to other capital cities in Asean, but salaries are rising rapidly.”Just last year, Cambodia was already declared as a lower-middle income country by the World Bank. According to them, “Robust economic growth averaging 7.6 percent per year in the past two decades has transformed Cambodia from one of the world’s poorest countries to a lower middle-income country today.”The government also shows no sign of slowing down to achieve high income status by 2050.Chanco, in a separate interview, has this to say about the government’s mission: “I don’t think Cambodia will reach upper-middle income status by 2030, especially given the intense competition of a lot of the countries in the region that are also looking for the kind of investment that would drive Cambodia up over the next 10 to 15 years.”But this may be enough to get investors buying more properties in the future. Chanco mentions, “I wouldn’t underestimate the long-run potential of Cambodia’s overall middle-class.”Other factors that equalise the potential oversupply includes the implementation of more flexible schemes, like a zero-down payment option. These terms are already being offered by various developers in order to extend the reach of the market towards the lower-middle income categories. This increasingly available finance should cause the demand to move upward in 2017."In term of real estate economics, housing markets during the last several years were weighed more by developers' side because of smaller market supply compared to high market demand, so prices increased markedly year-on-year, especially when the houses were erected, said Hoem Seiha, director of research at Vtrust Appraisal and the author of the report.Seiha continued saying, "With the surplus today, however, the market absorption takes longer than it did before, pressing the brake to slow down new supplies as well as prices. This shows an early sign of housing market to reach its equilibrium where supply, demand, and prices go along together in the next couple of years."The report states that prices will begin to stabilize throughout 2017 to 2018. First home buyers are now also offered a range of completed units alongside new developments, giving the market more depth and finance options.Please find out the latest news on Realestate.com.kh now!

On the 2nd of March 2017, the General Department of Housing of the Ministry of Land Management, Urban Planning and Construction signed a memorandum of understanding with the Bun Ches Group co.,Ltd. The signing was presided over by His Excellency Chea Sophara, Senior Minister and Minister of Land Management, Urban Planning and Construction .The memorandum of understanding focuses on  development cooperation for affordable housing project for civil servants, the armed forces, and the general public who are considered to be in the low and middle-income bracket.The Bun Ches Group will be responsible for managing, preparing, and processing the development of the affordable housing project. It will be launched  on the 1st of  May 2017.This is the Bun Ches Group’s first affordable housing project in Cambodia. But the Bun Ches Group has years of experience in construction; they have also completed some projects in Cambodia such as the Toul Kork Warehouse and done townhouses like the Mekong and the Mekong View Tower.This second affordable housing project will be developed on an area of ​​822,160 square meters and will be located in Sleng Dey Dos Village, Prek Taten Commune, Punhea Leu district, Kandal province -- about 21 kilometers away from Wat Phnom, along National Road No. 5.This residential project will have 5,340 units in total which are divided into two different types. The range of units includes 4,476 units sized at 5.1m X 7.2 m and 864 units that measure 5.1m X 13m.The first affordable housing project is located 17 kilometers away from Wat Phnom, Phnom Penh. It had its groundbreaking last 7th of January 2017. And it will be finished in 2018.That project was developed by Worldbridge Land and it occupies a land area of 20 hectares. Within this total land area, about 10 hectares are dedicated to ​​residential housing construction and about 7 hectares are for roads and parks.  The first affordable housing project will have 2,400 residential units which are also targeted to low and middle-income bracket earners. The units will range from $250 to $500 per month and each unit can be sold from $20,000 to $25,000.As for the second affordable housing project, the unit sales prices has not been revealed yet.These two housing projects aim to provide affordable housing for Cambodia’s citizens, especially the middle income workers.Find the best real estate news on Realestate.com.kh

Cambodia’s real estate sector remains strong and this is what gives investors and real estate agents confidence in the market. But with the abundance of success that agents have obtained, there is now greater competition in the industry, which is slowly becoming a threat to industry standards.Realestate.com.kh recently caught up with Mr. Sorn Seap, Director of Key Real Estate, to get his thoughts on the matter.Seap has worked in the real estate sector of the country for more than 10 years and launched Key Real Estate back in 2010. When asked about this career, Mr Seap said "I’ve been interested in the real estate sector since I was in college. From the very beginning, I saw big potential in this market and I thought that this could be the right business opportunity for me. At the beginning it was hard because people were not used to the role of a real estate agent, and did not know what was their function. Luckily things improved, the market evolved as well as the mindset of the people, which boosted our business.”He added, "the first service we provided was property valuation, and then we slowly added more services such as management and later sale and rental services."Cambodia is a free market, therefore businesses have equal footing in terms of competition. This has caused several issues such as lowering of agents’ fees and lack of vocational training -- especially with private dealers who call themselves estate agents.Additionally, there are not strict regulations for companies wanting to obtain a real estate license. This environment has allowed unprofessional practices into the industry which is slowly pushing the customers to lose confidence in the industry.As a real estate company in Cambodia, Key Real Estate retains its values and professional principles. Sure, some companies have stepped into this sector with a lack of training and ethics, but Seap explains, “We always provide results to customers who come for our services. We focus on long-term loyalty and relationship with by offering an affordable and high quality service.”But things may be about to change with Century 21 Cambodia’s initiatives to create trainings to establish common standards. Specifically, they signed a memorandum of understanding with the University of Economics and Finance to enable trainings for Cambodia's real estate companies. With these trainings, they hope to give more confidence to foreign customers. It is also a big step towards a fair competitive market.Mr. Seap strongly agrees with the creation of training courses for companies and real estate agents. He says, “We are all located on the same road. So, we are all together, helping to make this sector better with developers.” He continued, "This is a good joint market for raising standards and improving the strength in the real estate market. For this reason, I decided to become a member of the Cambodian Association of Valuers and Estate Agents."The country's economy has maintained a GDP growth rate of 7 percent in the past years, with the real estate sector playing a huge role in boosting the economy. As the economy moves forward, we see more development projects establishing their presence in Cambodia. Some of these projects will also be acknowledged through the Cambodia Property Awards 2017 taking place at the end of March. As a matter of fact, Mr. Sorn Seap has been selected as one of the judges of this event. He stated that "It is a great honor to take part in this event. I believe that this event will help to build strong standards in the real estate and construction sectors, towards a better future. " Check out Key Real Estate's hottest properties on Realestate.com.kh

Toul Tum Poung -- Russian Market to expats -- has long been a food and shopping destination for tourists and locals. It has a large centralized traditional wet and hard market that displays a wide range of items like electronics, spices, silk, herbs, motorbike parts, souvenir, food, and many more. It is ideal for people looking to do some serious shopping.Toul Tum Poung has been one of the four potential residential markets in the Chamkarmon district. The residential market in this area is continuing to move forward and displaying an increase in both local and international buyers and renters.But if you are considering to rent a property near the Russian market, you may ask yourself what types of housing is available, if the price is affordable, and if it has the facilities that you are looking for are available. Realestate.com.kh is here to answer all your questions.What types of housing is available for rent near Russian Market?Houses for Rent at Russian Market include different designs that are just as eclectic as the country's culture. These include Khmer style properties, mixed-designs, and European-style houses. Mr. Yim Socheath, the director of CDN Property Co. Ltd, said there are three types of houses for rent near the Russian market, these include: flats, villas, and apartment houses. You can find either commercial houses or residential houses in the front streets or the secondary street, respectively.Flats:Socheath said there are two types of flats, commercial and residential. For 1 to 4 bedrooms, the rental price is from $600 to $1,000 per month. While the commercial flat will cost around $800 to $1,500 per month. Prices may vary also, depending on the house condition.Villa:Some villas near the Russian market can be used for both residence and office space. You can get a four to eight-bedroom villa standing on 15 x 26 meters or 16 x 27 meters of land for $1,500 to $2,500 per month.Serviced apartments:Serviced apartments are also widely available in Toul Tum Poung. One-bedroom renovated serviced apartments range from $200 to $400 per month.Rental prices for a normal three-bedroom serviced apartment will cost around $1,000 to $1,500 per month. One-bedroom units for a newly developed serviced apartment ranges from $350 to $800. For a three-bedroom unit, it will set you back $1,500 to $2,500 for 3, according to Socheath.quality, rooms, and amenities such as swimming pools, car parks, security, maintenance services, and internets will play a role in price as well.Why is the area near Russian market good for renting?Socheath explains that Toul Tum Pong is the most popular area after BKK1 because the cost of living is lower by 30% to 40%.He also says that many people move to the Russian market area because the quality and standard of life is similar to the one in BKK1. He also believes that in the future, Toul Tum Poung and BKK1 will be the same in terms of residential market.What does a good rental house look like?Looking for good house for rent can be difficult, especially if you have a tight budget for your monthly expense. This is why focusing on what is essential matters when you go get rental houses. Once you have the basics, good interior design makes a lot of difference to your rental house. You can play with paint color on walls or window, floors, and furnishes. These are simple solutions you can try.Are there many amenities near the Russian Market?The Russian Market is characterized by its diversity. It offers both historical value and modern infrastructures. At the moment, Russian market is also filled with construction of modern establishments.There are a mix of local and international restaurants such as Long After Dark, Divine Pizza and Ribs, Roots and Burgers, Sesame Noodle Bar, CrossFit Amatak Kettlebell Cafe, and other seafood restaurants. There are also a number of hotels in the area such as the Somet Hotel and Apartments and The Frangipani Living Arts Hotel and Spa. Bars, fitness centre, business centers, medical center, international standard schools,and condominiums are also located around phsar Toul Tum Poung.In the next 4 to 5 months, brand companies such as Brown Coffee, Starbucks Coffee, and Pizza company will be added into the Russian market area, Socheath said.Learn more about Toul Tum Poung!How can you find Houses for Rent at Russian Market?It’s complicated to look for a rental house in Toul Tum Poung because you’ll need enough time and connections -- especially if you’re a newcomer in the city. Generally, there are plenty of ways to find houses for rent near the Russian market. This includes using online search engines, newspapers, magazines, and brokers or agencies.Socheath advices to rely on a trusted real estate agent to help find the most suitable housing. He continues to explain that it’s good practice to search for real estate agents who are under licensed companies. Using the services is free of charge for the renter, and by arranging several visits in one day, they can really  help you to save time. “We,provide services in a very efficient and trustworthy manner to our clients,” Ms. En Chansreyleak, Sales representative at Yong Yap Properties said. She explains, “We understand the needs of the clients. In addition, we provide counseling and help solve problems they might face during their stay. Honesty and professionalism, this is what you should look for in real estate agents, to help find homes for rent or sale.”What are you going to spend beyond monthly fees?If you’re looking for a new house for rent near the Russian Market, it’s also important to consider extra costs you might encounter. Those expenses may include maintenance and utility fees such as electricity power, kitchen gas, internet, and cable.For serviced apartments, all these fees may be included in the rental fee, except electricity.An increasing number of housing developments are also popping up around the Russian Market, which is proving very popular with local buyers and renters who are seeking shop houses, villas and apartments with sound infrastructure and a safe, peaceful, neighborhood environment.Learn more about all Houses for Rent at Russian Market!

Partnerships can be a powerful tool for the of a successful business; 360 Ads & Events has organized a public forum, with both local and International companies, in order to fulfill a collective calling towards better collaboration for Cambodian businesses.On the 16th and 17th of February 2017, 360 Ads & Events held a forum called Wealth Building at Sokha Hotel.This forum was the first platform in Cambodia that aimed to assist various groups such as youth, students, startups, real estate experts, and general public. The goal was to better educate them on financial and business matters so that they could reach their business targets in the most meaningful way.Ms. Dary Dek, Managing Director of 360 Ads & Events, said that the Wealth Building program was an event that combined three fairs in one single forum: wealth, marketing, startup. The objective of the event was to create a new platform for financial education for the public, to display the potential of new startups and to promote networking among business partners, and investors. It also aimed to bring associations, businesses, and the Junior Chamber International together to promote dialogue and cooperation.The two-day forum was divided into eight seminar sessions to provide different perspectives from several speakers. The topics of the forum included “Should You Quit Your Job and Start a Business?”, “How to Create Multiple Incomes”, “How to Recruit the Right Sales Team”, “E-commerce and How You Can Benefit”, “Basics of Real Estate Investment”, “How to Benefit from Startup Supporters and Investors”, “Practical Tips in Setting Up a Strong Marketing Team”, and “Building Personal Brands Using Social Media”.The speakers, did their best to motivate and encourage young students and entrepreneurs to start their own business and create business plans.Mr. Phul Puthy, the co-founder of Small World Cambodia suggested to the public that “if you want to start a business, first make sure you know what you like to do and what your interests are. Once you know these, try to build your business around it.”Chy Sila, the CEO of Sabay Digital Corporation, also shared the same ideology. He said, “If you are thinking of starting a business, make sure that fits your interests and your passions, otherwise you are likely to run into failure.”The young crowd participating at the event seemed very interested and motivated by the topic covered. Mr. Sok Sinat, one of the many students who joined the event, with his friends. He said, “I like to take part in this types of forums since I think that is very beneficial as I can learn new things that are not generally taught in the classroom. More importantly, it helps me to gain knowledge about the current market, new business concepts, and opportunities.”A staff member from a real estate company, Mr Van Vichet, said, “This forum helped me to understand how to set up a new business and a good sales team. I also, had the chance to meet successful business entrepreneurs, who shared ideas and tips about their businesses.”In conclusion, the forum successfully completed its two-day run with more than 200 participants who visited the 40 stands and attended the seminars. 360 Ads & event will be running more events and forums in the upcoming months.Find the best real estate news on Realestate.com.kh

One of the leading Real Estate movers of Cambodia, Knight Frank, has once again released a Cambodia Real Estate Highlights report for the 2nd half of 2016. Ross Wheble, Country Manager of the firm, gives us an overview of what changes occurred and what we might expect in the near future due to these changes, especially in Phnom Penh.Wheble sets the tone of the report by saying that even with international events such as Brexit and the Trump win and “whilst the global economic outlook is one of short to medium-term volatility, Cambodia continued on its upward trajectory underpinned by investment from China as part of its ‘One Belt, One Road’ policy.”But what else has been going on in the Cambodian Market? Wheble takes a look into both commercial and residential sector to give you the answer.Office SectorThe office sector will benefit most from the One Belt, One Road initiative of China. Knight Frank reports that outside investment from this initiative will provide a “steady inflow of Chinese companies that are likely to occupy space in purpose-built offices.” And the future supply of offices is projected to increase to around 77% by 2020.For now though, average rental prices were consistent at $18 per sqm a month in the 2nd half of 2016. This is the average measured by Knight Frank across all office grades. The report also mentioned that “Prices for stratified office units remain flat from US$2,100 per sq m for Grade B units to as high as US$4,500 per sq m for Grade A units.” Asking rental prices are not expected to stay consistently flat in the short-term as many major office buildings are anticipated to come to completion.No significant change in demand is expected to happen in the office sector for Grades B and C-type units though. The report indicates a steady occupancy level of 85% and above. However, the demand for unit with a size ranging from 100 to 200 square meters for $15 per square meter a month remains the highest.Retail SectorThe supply of retail spaces reached 138,154 square meters across 11 retail malls. Anticipated retail projects weren’t completed on time. So, there are no significant changes that were seen in the sector. Rental prices remained the same since the opening of major retail establishments such as the Aeon Mall and the retail podium of Vattanac Tower. The occupancy rate remained high as well at 90%.The report also mentions that “Prices are likely to fluctuate closer to 2018, following the completion of large projects such as Parkson City Centre and Aeon Mall 2.” But this may change not soon after as an increase of 196% in the sector’s supply is expected. The Aeon Mall 2 alone will add around 70,500 square meters of retail space.This surge of supply may change where retailers will go. The report says, “Retailers will likely continue to create stand-alone outlets in popular residential areas, as high-rise residences go up in areas such as Chamkarmon and Toul Kork, which will allow them to tap into a growing residential community.” And while it is too early to tell, Knight Frank says that the scenario is a real possibility.Serviced Apartment SectorCurrently, there are 4,214 recorded units available in the market right now, with mid-tier apartments continuing to form the majority of the serviced apartment supply. The average rental price of high-end developments start from $20 and can go all the way up to $33 per sqm per month. Meanwhile, the average rental prices for mid-tier units in Q4 of 2016 went between $9 to $18 per sqm per month.The occupancy rates for some established serviced apartments have remained constantly high. This is due to strategically allocating the units for short-term stay.However, Knight Frank predicts the serviced apartment sector will experience a downward adjustment period after new serviced apartments and large condo developments reach completion. They estimate 1,053 more serviced apartment units to come up by 2018. But they clarify that “increasing competition with the entry of better quality projects will benefit the industry as a whole by providing more options for tenants while lifting the overall industry standards.”Condominium SectorThe existing and recorded condominium supply for Q4 2016 is 3,033, where 54 projects were added during the 2nd half of the past year. According to Knight Frank, “Trusted local developers that were previously exclusively developing borey housing are now crossing over to the condominium sector integrating more affordable high-rise residential components within their existing landed projects.”But similar to some of the retail projects being constructed in Phnom Penh, none of the condominium sector’s 3,184 monitored units that were scheduled for Q4 completion were actually completed. According to the report, 2% were put on hold and 98% rolled over to 2017. The good news is that 46% of the newly launched projects have already been sold as of late last year. This is a 30 percentage point increase compared to the first half of 2016.The report states that “higher sales rate of newly launched developments can be attributed to developers setting lower prices, removing barriers to purchase by adopting more flexible payment schemes and eliminating down payments.”Knight Frank says that as a result of this, more projects are expected to enter the market by 2020 as confidence in the sector rises. 72 projects with 25,544 units to be exact. And despite people’s preference for mid-tier projects, it looks like 70% of the future supply is going to come from high-end condominiums. This is in contrast with the current situation where the report indicates “Many of the projects launched in H2 2016 targeted the mid-tier category with units on offer between $1,200 to $1,800 per sqm.”The market has had its ups and downs, yet there are still hopeful professional predictions that have been put out there in the Knight Frank report. And there remains to be great possibilities of success in investing if you know how to interpret the data and play your cards right. Download the full report click here!To keep yourself updated with the latest market movements, visit Realestate.com.kh now!

Condominiums are an increasingly popular choice for those seeking a modern and comfortable lifestyle. The capital of Cambodia, Phnom Penh is now seen as a target city for those looking for overseas investments, and an ever increasing number of expats is moving into the city due to its low cost of living and great investment opportunities.Phnom Penh as one of Asia’s newer residential market is consequently seeing a rise in condominium developments, switching the trend of constructing low-end buildings to high end buildings, skyscrapers, and commercial building centers in the heart of city.Currently, there are several up and coming condo development projects inside the capital which are already available for customers to purchase.Only in Q3 of 2016, there was a total of approximately 74 ongoing condominium projects with 30,130 units in the city of Phnom Penh (CBRE Cambodia report.). That’s an 8.3% increase from the previous quarter. The upcoming developments will add  22,366 units more, raising to a total supply by 842% by the end of 2018. As per CBRE Cambodia also explains that the majority of planned condominium projects can be classified as ‘mid-range’ or ‘high-end.But with such a wide range of condos, how can one choose which one to invest in? To make your life easier, realestate.com.kh has selcted the top developments of the city.One Park condominiumWhat is the special feature of One Park Condominium?One Park is designed by GRED’s in cooperation with the renowned architectural design company DPA Singapore. It has a western design that utilizes wide boardwalks around retail outlets, bars, cafes and restaurants along the complex. The center area serves as an internal plaza boulevard which cuts between the twin residential sections.Where is One Park Condominium Located?One Park Condominium will cover 7.9 hectares of land area and will be situated at the very heart of the Phnom Penh CBD. It will be inside the newly-developed Phnom Penh City Center area, adjacent to the ministerial and financial hub along Confederation de la Russie or Russian Boulevard.How much is a unit at One Park Condominium?Units at the One Park have a starting price of $170,000, with fully furnished options available.Learn more about One Park project!Axis ResidencesWhat is the special feature of Axis Residences?This project is developed by SPRING CJW Development Pte Ltd together with a team of Singaporean Consultants. Resident can enjoy services like a solar PV system, the 6-storey basement car park that has 566 vehicle slots, a 3-tier foolproof security system, indoor and outdoor gyms, multi-purpose rooms for meetings and self-study, commercial units, a restaurant, a BBQ area, a children’s playroom, a garden, a 50-meter swimming pool and various sports  facilities at the place.Where is Axis Residences located?It is located along Street Doung Ngeap number III and Street 2004 -- close to the Phnom Penh International Airport.How much is a unit at Axis Residences?Units at the Axis Residences project starts at $100,000.Learn more about Axis Residences project!The Gateway CambodiaWhat is the special feature of The Gateway?The Gateway is developed by TACC (C.R) Ldt,. It will be a mixed-use development with residential, commercial, and office units. This development comprises of a 36-storey office tower with 299 strata-titled office units, a 39-storey residential block with 572 units, and a two storey retail plaza/podium with prime retail outlets. All services include like: Swimming pool, fitness centre, BBQ area, car park and others more are in the place.Where is the The Gateway located?The project is located along Russian Blvd, between Phnom Penh International Airport and the business district of Phnom Penh. It is also next to Parkson Mall and very close to the Prime Minister’s office, financial institutions, embassies, medical centers, national and international schools, and other establishments.How much is a unit at Axis Residences?Basic units at The Gateway start from $150,000.Learn more about The Gateway project!East One ApartmentWhat is the special feature of East One Apartment?East One project is a high-rise 23-storey building by the Guangzhou Yuetai Group Co., Ltd. The complex includes full service hotel-style amenities with rooftop swimming pool, café, car parking and full concierge service. Commercial establishments are only a short minute walk away such as banks, supermarkets, KFC, Brown Coffee, all major airline offices, clubs and bars can also be found along Phnom Penh’s famous Street 51.Where is the East One Apartment located?East One Apartment is strategically located at the corner of Street 214 and Street 51, between Independence Monument, the Royal Palace, the National Museum, and Central Market. It’s a prime location that’s near international embassies, government ministries, and the Central Business District.East One Apartment is strategically located at the corner of Street 214 and Street 51, between Independence Monument, the Royal Palace, the National Museum, and Central Market. It’s a prime location that’s near international embassies, government ministries, and the Central Business District.How much is a unit at East One Apartment?Units in this project start from $90,000.Learn more about East One Apartment!88 SuitesWhat is the special feature of 88 Suites?88 Suites is the first small office home office (SoHo) in Cambodia. 88 Suite offers its residents privacy and convenience. It has amenities like a swimming pool, a sky gym, a sky lounge, meeting rooms, a conference hall, and business center. It is also has a 4 tier, foolproof security system.Where is 88 Suites located?This new development is in BKK1, Chamkarmon. It’s along Mao Tse Toung Boulevard and close to Preah Norodom Boulevard.How much is a unit at 88 Suites?The starting price for a unit at the 88 Suites project is $100,000.Check out for more about 88 Suites project!HABITAT CondoWhat is the special feature of Habitat Condo?Habitat Condo is a new project in phnom Penh that consists of only 13 units. The units were designed to provide maximum privacy and a stylish form of living. Residents will enjoy amenities like a 10m x 4m rooftop pool, a fully-equipped gymnasium, a BBQ area, and an entertainment area on the upper rooftop.  Habitat Condo also has an Intelligent Automated Car Park system that promises to save you time and space. It offers a highly secured and private car park for residents.Where is the Habitat Condo located?The Habitat Condo stands behind Sothearos Boulevard in Tonle Bassac, along Mao Tse Tung Boulevard. It’s next to BKK1, at the heart of Phnom Penh city -- on a cosmopolitan area. It’s near universities, schools, bars, restaurants, financial institutions and other establishments.How much is a unit at Habitat Condo?The starting price for units at the Habitat condo is $235,000.Learn more about the Habitat Condo!The EdgeWhat is the special feature of The Edge?The Edge project will include a new concept called Retail Office Versatile Office (ROVO). Shukaku Inc partnered up with GRED to bring the new trend of living and doing business for young people in Cambodia. ROVO units are designed with flexibility in mind, providing space for businesses to be set up according to their preferences. A café, a restaurant, a start-up office, a bank, a boutique hotel, a meeting room or even a music studio. The options are limitless.Where is The Edge located?This mixed-use development is located at the heart the Phnom Penh City Center which is Cambodia’s first planned city project and Phnom Penh’s future Central Business District. This area also has lots of amenities, including shopping malls, a night market, F&B outlets, a school, government institutions, and many more.Check out more about The Edge project!TK Royal OneWhat is the special feature of TK Royal One?TK Royal One aims to provide luxury, security, and privacy. It’s a mixed-use development. The concept of the project will include 4 stories of office units, 14 stories of residential units, 4 stories of car parking, and common facilities like a swimming pool, a fitness room, and a sky lounge.Where is TK Royal One located?TK Royal One is located in the heart of Phnom Penh city, along the Russian Blvd in front of the Royal University of Phnom Penh. This is a prime location because it is surrounded by various amenities such as retail commercial, government body, financial institutions, local and international schools, and hospitals. More importantly it will be only 5 minute away to Phnom Penh National Airport.How much is a unit at the TK Royal One?Price starts from $194,000. There are 3 types of units that range from one to three bedrooms.Learn more about TK Royal One Project!The Peak ResidencesWhat is the special feature of The Peak?The Peak will have three buildings with two towers reserved for residential uses. The third tower will utilize the top 20-storeys for residential use and leave the remaining units for office space. This project is by Singapore’s Oxley International and Cambodia’s Worldbridge Land.Where is The Peak located?The Peak is located at Sangkat Tonle Bassac, Khan Chamkarmon, Phnom Penh. It’s close to Nagaworld 1 and the upcoming Nagaworld 2, AEON Mall, and Business Convention Centres on Koh Pich.How much is a unit at The Peak Residences?The Peak units have a starting price of $79,000.Check out more about The Peak!East View ResidenceWhat is the special feature of East View Residence?The East View is a modern development that combines classic and modern Khmer architecture. It is a mixed-use building complex for both commercial and residential purposes. The project will include four 38-floor residential complexes and a total of 736 units. The project is designed to offer a peaceful and relaxing space. Residents are also guaranteed highest level security along with amenities that include a restaurant, a fully equipped gymnasium, shopping at your doorstep, and international standard business center.Where is the location of East View Residence?East View is located along Norodom Boulevard, near international consulates and the busy commercial area. It has a very convenient economy and transportation network. It’s just minutes away from the Independence Monument, Aeon Shopping Mall, and various amenities.What price is available?East View is still available with units that start from $70,000.Check out more about East View Residence project!The number investment options in Phnom Penh are numerous and of different budgets. If you are serious about investing in real estate, find out about your legal rights today.Learn more about all the Condo project in Phnom Penh!

The arrival of Chinese investors and about 100 enterprises into the Sihanoukville Special Economic Zone has become a major magnet that has attracted local and international real estate investors to start their condo projects in the coastal area.Its lush seas, small islands, and beautiful beaches has inducted it as one of the most beautiful and cleanest beach clubs in the world. This increased the number of foreign tourists visiting the province to around 10 percent annually and has also increased the volume of flights into the area.CEO of FURI Real Estate, Ly Senleap, said that the Sihanouk province does have potential due to the number of connecting flights from China and from Siem Reap. He is especially surprised that he saw more Chinese tourists visit and invest in the provinces. He said that the province has a potential for development in the real estate sector because of vacant land in offer as investment choices for developers.“With the construction of condominiums in Sihanoukville, we must ask whether developers should focus on one target or not. If investors focus on local customers, I have little confidence," he said. He adds that "Citizens of the Sihanouk province are most likely not interested in condominiums. But they are still impressed with individual residences in the ground within the province’s remaining vacant land. And the price are still affordable. "Sihanoukville became the second city after Phnom Penh where foreign investors are developing condominium projects like D’Seaview, Sunshine Bay, Bayview, and other condominium projects that are being built gradually.Chrek Soknim, CEO of Century21 Mekong, said that since Sihanoukville is a tourist area and the government is preparing it to be a commercial area in the future, investors are aiming to invest long-term investment into the area because it has future potential.“The government has focused on this area through beautifying and organizing the beach. A project to build a highway from Phnom Penh to the province, the international airport, and the growth of tourist arrivals were just factors for investors to build condos in the province," he said. "When there are events being organized in the province like the Sea Festival, it is difficult to find guesthouses and hotels for accommodation. So buying a condo for relaxation can be an option as well."On a condition of anonymity, one of the investors has been invested in condo project, said that the "Sihanoukville coastal province is one of the most beautiful tourist destinations, ranked 2nd after Siem Reap. So, I think it will be better for my condominium because there aren’t many luxurious condos and hotels.""We are building condominiums to attract foreigners coming to our country. And in 2018, oil drilling from our seas will begin an important part in attracting more investors to come here," the investor said.Ho Vandy, Secretary General of the Coalition National Tourism Cambodia, said that there are currently two airline companies like Cambodia Angkor and the Bayon Air Company that have been flying between Siem Reap and Phnom Penh to the Sihanoukville province on a daily basis. And there are airlines from abroad that fly chartered and occasionally visit Sihanouk province as well.He added that "the province will have more potential and flourish if the authorities maintain the infrastructure and the environment, as well as natural on-the-ground and in-the-water well." He added that "the success of the construction of condominiums and real estate here depends on the conservation of natural resources and preparing the area to be more attractive."Yun Min, governor of Sihanoukville, said that there is currently three condo projects in the province, which are both domestic and foreign investors. He said that the Sihanouk province continued development quicker because the government has prepared the province to become a regional trade cosmopolitan because it has a clean beach and unique, deep harbor in Cambodia. And there are more direct flights going towards the province."The peace makes everything happen in the province," he said. "People are Interested in condo in the province," Mr. Min said.Sihanoukville Real Estate fast is growing fast, see what is the current offer:This story was featured in the January 2017 print edition of PROPERTY VIEW magazine, produced by the CVEA.Realestate.com.kh is very proud to support the CVEA’s Property View publication. For more information about joining the Cambodian Valuers and Estate Agents Association (CVEA) please click here. And, if you are interested in advertising placement or advertorial in the next edition of Property View Magazine, please contact Mr. Virith via email:virith007@yahoo.com Or call: 078 959 567  or 098 66 26 68Take a look at the Sihanoukville location profile on Realestate.com.kh now!

SEARA Sports Systems offers the largest and most comprehensive range of fitness equipment in not only in Cambodia - but throughout the South-East Asia region.The company was founded over 17 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 fitness technology.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 Embassy of the United States in Phnom Penh, Hotel Sofitel Phokeethra, Rosewood Hotel, Marriott Courtyard Hotels (Phnom Penh and Siem Reap), Hotel Intercontinental, Hotel Raffles le Royal, Le Meridien Angkor, Phum Baitang, Garden City Hotel, Phnom Penh Hotel, Sun & Moon Hotel, Embassy Residences, ISPP (International School), City Golf, Huione Golf Club, Cambodian Country Club, Banteay Athletics Training Center 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, SCI-FIT, InMovement, and more. They have also partnered up with Escape Fitness and Reebok to offer the most trendy and finest quality accessories for functional fitness training.Whether it is a technical consultation, a design for a private home gym - or a full on commercial gym complex - SEARA Sports Systems have the equipment and the expertise to accommodate to their client’s needs.Find the best real estate news on Realestate.com.kh

Cambodia has seen an impressive annual GDP growth of  8.1% for two decades now. This didn’t go unnoticed. The Asian Development Bank even named it as Asia’s New Tiger Economy in 2016. One of the area that experienced significantly growth, is the real estate sector.According to the Khmer Times, the rush of investments last year in the construction industry alone reached $8.5 billion, covering a span of 13 million square meters. This barely even scratches the surface at 0.007% of the entire land area of Cambodia, suggesting that the investment opportunities in the near future are countless.But now that we have assessed that Cambodia’s real estate is rapidly growing, what exactly are the best New Developments in Cambodia for pure investment purposes?Phnom Penh City CenterThe PPCC will be Phnom Penh’s first and only Central Business District by the time it’s finished in 2035. It is situated at the heart of Phnom Penh and is expected to transform the country’s developing capital into a city of the future. The PPCC will cater to both locals and expats who are seeking a mix of innovation and international-standard infrastructure for residential and business purposes. The area is expected to hold a range of properties that will bring in around 56,000 residents and 190,000 visitors daily.Investors have a wide variety of New Developments in Cambodia they can choose to purchase either for setting up shop, resale, or future rental returns. Among the best of them are located at the One Park Condominium, The EDGE, and Residence 90 projects.One ParkOne Park is one of the most sophisticated and holistically-planned mixed-use developments in Cambodia yet. It has a low-density design and a state-of-the-art base level infrastructure. It also has North-South facing buildings that was designed from research that considered natural forces like shade patterns and wind flow as well.The One Park Condominium has a modern European aesthetic and comes with amenities like swimming pools, children’s play areas, and gyms. Shophouses in the development have also been completed and have been turned over. The units are almost 100% sold with prices starting from $170,000 per unit.Find out more about the One Park development on Realestate.com.khThe EDGEThe Edge is a 93-unit exclusive 4 to 5-storey freehold development. What sets it apart is its new Retail Office Versatile Office (ROVO) concept. ROVO units are designed to provide flexible spaces for businesses to set up based on their business type. These includes cafés, restaurants, a start-up office, a bank, a boutique hotel, studios, and meeting rooms. ROVO units also have a timeless design that combines Khmer artwork, brick walls, and neutral finishes. It also utilizes natural light through the use full height glass facades.Find out more about The EDGE development on Realestate.com.khResidence 90The Residence 90 project is an exclusive gated development that is surrounded by municipal developments, a sports complex, a driving range, and other upcoming mixed use and residential establishments. It is bordered by Monivong Boulevard and the Russian Boulevard.The Residence 90 development will have a range of villas that come with community amenities such as a clubhouse that’s equipped with swimming pools, a gym, a BBQ area, and a children’s playground.Find out more about the Residence 90 development on Realestate.com.khSihanoukvilleThe growth of New Developments in Cambodia , especially of Phnom Penh has sparked interest in developers to discover other potential areas for the real estate sector. Their search led them to Sihanoukville. The area is not new to the market, however, recent changes such as the revival of the Royal Railways and the reclassification of Sihanoukville into specific zones has also given developers more confidence to seek out opportunities here.The area also saw a 17% increase in tourism figures last year  and shows no sign of slowing down. That’s a total of 1 million visits for the first half of 2016.Talks have also been circulating that Sihanoukville will gain a special status that will allow foreigners to legally buy property in the area.Part of the number of developers who saw Sihanoukville’s many opportunities early on are also the ones behind D’Seaview Condo.D’Seaview CondoD’Seaview is a first-of-its-kind mixed-use development that’s located near the most beautiful beaches of Sihanoukville -- Cambodia’s premier tourism destination and fastest growing business hub outside of Phnom Penh. It is surrounded by traditional Khmer restaurants, discos, night markets, bars, shopping plazas, and spas.The developers of the project are also offering a deferred payment scheme where investors can purchase a unit with a down payment of 30% and deferring the remaining 70% to the completion of the unit. This means an absorbed fit out cost of around 5 percent of the purchase price. This will also guarantee a 30% rental return over a 3-years period at 10 percent a year.Find out more about D’Seaview development on Realestate.com.khCambodia is still on its early stages of growth in the property market. And as 2017 approaches, the market is becoming even more interesting. This is according to Simon Griffiths, Senior Associate Director of CBRE Cambodia.He explains, “With greater competition, developers shall increasingly offer better guaranteed yields and deals to foreign and local buyers. Against the backdrop of stagnant low interest rates in developed economies, guaranteed yields of five percent and above represent ways to appreciate wealth rather than in real terms losing it as it sits in the bank – but crucially only if the private foreign investors trust the developer and the investment holds its value.”So, if you’ve done your homework and you’re looking to invest in New Developments in Cambodia , take a look at the above mentioned properties because now may not be a bad time to do it.For more properties and information, visit Realestate.com.kh now!

The quiet Kampot province now shows great potential with both national and international investment companies making investments worth billions of dollars there. Kampot is described as of one of the four potential coastal provinces.Ping Serey, CEO of Cambodia Angkor Real Estate, said Kampot province has great potential for tourism and trade due to its location and good atmosphere – where the largest creek flows to the sea, compared with other coastal provinces. He said the market of land subdivision in the province is better because it is located next to the sea, and so far the project sales have reached about 90 percent.Cambodia Angkor Real Estate has subdivision land for sale, a project that covers 4 hectares and an investment cost of nearly $4 million. It is situated in the Chong Kreal commune, Tek Chhou district, Kampot province. They also sell plots of land for the construction of resort villas for the price of $52,000.Within sight of potential, his company has cooperated with partners from Malaysia and has decided to invest, jointly, an amount of nearly $ 1 million to do a subdivision land project with an area of 7 hectares recently. So far, sales reached over 20 percent. The subdivision land for sale in the new project is priced between $3,861 and up.Besides the above projects, Pallas Group’s Oknha Trey Pheap has also started building an international port at the province – in cooperation with the Kampot authorities and the Ministry of Tourism, under the assistance of ADB – and is building a tourism port worth $10 million in an area named Treuy Koh to attract foreign tourists between Cambodia, Vietnam and Thailand.Last October, the government decided to provide the green light for a development project worth up to $23.2 billion on a project called the "French Riviera Marina” to develop the Kampot and Kep Provinces to become a region that has the potential for residential, shopping malls, ports and commercial center development projects.Chheang Sophanna, president for international sales of the Pallas Group, said recently that his company has development projects in Kampot and Kep that include residential areas, business and tourism sites and buildings, resort-like studio films, equestrian centers, and much more. These have been allowed by the government last October 12, and construction is scheduled to start in March next year.“These are new projects which have never been done in Cambodia, they will have international standards, and aim to welcome all customers from around the world,” he said.According to the company’s documents, the Pallas Group – an international property investment company – had invested in an area of 4,158 hectares in the province and 144 hectares of in Kep. Kampot is located 148 kilometers south of Phnom Penh, while Kep is located 170 km.The Kampot province consists of 7 districts and one city, Kampot, Tek Chhou, Chum Kiri, Kampong Trach, Angkor Chey, and Angkor Meas district, and Kampot town with a population of about 600,000 people. The population in the city is at 70,000 people.Siriluck Choochart, chairman of the Pallas Group, said that the "French Riviera Marina” project in Kampot and Kep will become a destination for international living, business, tourism, and film production. Pallas will create about 50,000 jobs during the construction and development, and thousands of jobs after the construction is complete. She added, "The project was set up to match perfectly with the environment by using modern construction materials of the highest quality, and it will be the largest construction and luxury project."Chan Chesda, the provincial governor, said on the phone that the big investment project from the Pallas Group has not started yet, and is in the detailed study phase after its approval from the Council Development of Cambodia. He said that the project is located in the Chum Kreal and Trapangosangke commune, Tek Chhou district. It’s 10 kilometers from the town of Kampot and partly situated in the territory of Kep.The project is located along the sea from the Kampot to Kep province. The concept of development is not adding the soil on the sea, but the firm is dredging sand from the sea to create an artificial island that can see both development and conservation, according to Mr. Chesda.He continued, "If this project follows the plan, it will attract more and more tourists to visit the province. And I'm calling for private companies to invest in hotels and guesthouses in the province." He added that "what the provincial authorities spare no effort now is to try to develop the existing resources in the province."The provincial authority also plans to develop by working with the Ministry of Tourism on an area of 200 hectares of land to build a new tourist area called “Kampot Thmey”. The project has already gone through the Coastal Committee but will now will be studied with development projects to see how good they can work together,  according to Mr. Chesda.This story was featured in the January 2017 print edition of PROPERTY VIEW magazine, produced by the CVEA.Realestate.com.kh is very proud to support the CVEA’s Property View publication. For more information about joining the Cambodian Valuers and Estate Agents Association (CVEA) please click here. And, if you are interested in advertising placement or advertorial in the next edition of Property View Magazine, please contact Mr. Virith via email:virith007@yahoo.com Or call: 078 959 567  or 098 66 26 68Find  out the latest real estate news on Realestate.com.kh!

Sihanoukville is one of Cambodia’s premier tourist destinations and fastest growing cities, which has recently became a target for many property developers. Find out why Sihanoukville is Cambodia’s next real estate boom town...Some developers are focused on the tourism sector, which is attracting millions yearly due to the province’s white sand beaches; others are looking to the residential realm - where modern accommodation is in demand for seasonal holiday makers, workers and managers for the Special Economic Zones within and around the city; and local Cambodia investors looking to buy their next dream home in Cambodia’s next up and coming city.Sihanoukville, in comparison to Phnom Penh and Siem Reap, presents a more extensive growth prospect for Cambodian property investors - due to the various fundamentals at play here: tourism is a strong pull for foreigners and affluent locals. Meanwhile, Sihanoukville has a strong economic and is industrial focus, with many international companies currently investing large capital for operations here. This population of working foreigners, in addition to consistently increasing tourist arrivals - suggests a future rentals market in Sihanoukville that is likely to buoy residential investor returns in the coming years.Camhomes was one of the first-mover’s in the Sihanoukville residential market with their maiden condo project “D’Seaview” – a majestic high rise alongside the city’s beautiful coastline.HLH Group is a Singapore listed company with significant experience in residential developments in other markets; and Camhomes represents HLH Group’s “Property Division” in Cambodia.D’Seaview is strategically located next to the popular and picturesque Sokha Beach, raised on almost one hectare of land area, with a total of 737 residential units of one, two and three bedrooms apartments. This project will be a mix development featuring condominium units, commercial units as well as a hotel. Residents and guests will be able to enjoy common facilities such as the swimming pool, gym, lush garden and a squash court.The construction started in January 2016 and progress has picked up very quickly: the foundations are rising at an impressive speed and 100% of the piling work has already been completed. The company is now focusing on the main building construction and the construction of the carpark underneath is now underway and right on schedule. Camhomes believes in: choosing the best quality materials for the development and is making all the necessary controls in order to ensure long lasting quality of each and every unit. A temporary office has also been set up and is ready to welcome those interested in visiting the site.Camhomes is working closely with Shanghai Bao Yue (SBC), a subsidiary of MCC (Cambodia), its main construction builder, on the planning and execution schedule in order to avoid any delay and complete the construction on time. The construction is expected to be completed by the 3rd quarter of 2019 - and units will be ready for handover to buyers.The development offers a wide range of unit choices to meet the needs of both local and foreign customers. Prices are being priced reasonably and competitively and D’Seaview is in cooperation with Maybank (Cambodia), to cater to buyers financing options for loan up to 25 years at 70% of purchase price - and a 9% interest rate.Learn more about the D’Seaview project today!

Habitat Condos is one of a kind exclusive luxury condo development in Phnom Penh with only 13 units, located within 14 floors, on cosmopolitan Street 21 in Tonle Bassac – one of the most sought after residential districts, 200m from Aeon mall, and Bassac Lane with its trendy bars and restaurants.To celebrate the close of construction and the upcoming first handover of units to buyers, this coming Thursday 9th and 10th February, the developers of Habitat are cordially inviting prospective buyers to come and visit the completed units.The Open Home event will run from 8am - 8pm on Thursday the 9th and 10th of February. PROSPECTIVE BUYERS ONLY are welcome at the event (this event is not for real estate agents, none to attend). Starting prices for the completed units begin from $232,000 (just $2,600 p/sm).  Habitat Condos, from an investment perspective, offers very few uncertainties and no developer risk. Units are now ready for handover, with guaranteed full freehold ownership upon signing and handover as the strata titling process is completed.Investors will have an asset yielding a yearly rental return rate between 7% to 9% immediately, thanks to the units’ exceptional appeal to those searching for exclusive luxury, stunning design and volumes, and high-end natural materials & finishes, all in secluded privacy while in the heart of Phnom Penh.Constructed to international standards and quality, Habitat Condos meets all embassy employee residence guidelines, with fire, electrical, security and construction standards of first-world quality and safety.All units include beautiful hardwood floors, harvested from sustainable forests in Cambodia by a reputable international company, with full line traceability. Electronic key systems come standard, with CCTV throughout, and fire-fighting systems and codes in place, complemented by smart TV connections and ceiling ducted A/C systems in all units.Also inclusive to the property are dedicated community areas which include a rooftop saltwater swimming pool, gym, and BBQ area on the upper rooftop. The top floor duplex units offer stunning views and benefit from a private direct access to the recreation facilities.And from a capital appreciation point of view, Tonle Bassac is a district where property values show strong resilience thanks to its increasing appeal underpinned by the proximity of Aeon Mall, Naga hotels and casinos, luxury duty free shops, new restaurants, bars, and high end developments.But come and see for yourself on Thursday 9th and 10th - 8am to 8pm. ALL MUST RSVP BEFORE THE EVENT (No Walk-Ins): Matthew Tippetts: Matthew.tippetts@m-invest.capital - 010 927 450Find out more about Habitat Condos today!

At the end of March, local NGO Building Trust International will be hosting the first ever CAMBOO Festival over the course of a week in Phnom Penh’s Freedom Park. The open festival will see 6 of Phnom Penh’s finest Architecture and Engineering universities battling it out in a sustainable building competition, each school’s students designing and building bamboo displays on site for the judges. On top of this, the Festival will showcase the Kingdom's finest environmentally friendly construction and architecture technology. Realestate.com.kh caught up with David Cole, the founder and director of Building Trust International to learn more about Cambodia’s first Sustainable Design fair. David first came to Cambodia to deliver flood resistant housing to communities affected by severe flooding in 2013. Since then he has helped design health facilities, schools, recreation areas and community based ecotourism infrastructure. He lives with his wife and young daughter in the capital and the design office he opened here, COLE Architecture+Design, continues to grow and take on new projects and support sustainable development across the country and region.   1) Tell us more about CAMBOO 2017:The CAMBOO Festival at the end of March will showcase Cambodia's rich natural environment with spectacular bamboo buildings and structures providing spaces for people to get to know local industries and local artisans. While promoting natural products and social enterprises that protect and promote some of Cambodia's best assets: natural landscapes and traditional skills. Six of the top Architecture and Engineering Universities from Phnom Penh are collaborating with us to design and build pavilions for the Festival. Building Trust are hosting an international design competition for the design of the temporary central hall space which will be a main feature of the Festival. The design challenge is already gaining the CAMBOO Festival international exposure. The week long event will host stalls in an eco market space along with shows, demonstrations and daily activities for people of all ages to get involved with.2) What's the purpose of the event?We want to celebrate Cambodia's natural resources and landscape and promote the amazing new industries working with natural products and providing sustainable development strategies that protect and enhance the environment for all those living in Cambodia and Southeast Asia. I work in the field of architecture and development, we are getting asked more and more to think about sustainability. In fact it is this growing interest in materials like bamboo that has provided the name to the festival CAMbodian bamBOO.3) Who is supporting the event?We have the support of a number of organisations doing great work with Ministries of the Environment, Fisheries and Forestry. We also have the support of the Municipality of Phnom Penh who have been kind enough to allow us to use Freedom Park. We are looking for more people and organisations that would be interested in being part of the event holding classes, shows or reserving one of the market stalls to promote and sell their products. We are also on the lookout for companies that may want to sponsor the cause and advertise their brand alongside such a worthwhile event that will attract a diverse mix of people to the central Phnom Penh civic space.  4) How about the architecture competition?Building Trust international have just announced their 7th international design competition which seeks to find an innovative design proposal for a landmark pavilion structure made from bamboo. The bamboo piece will be the centre of a CAMBOO Festival in Phnom Penh, Cambodia this March. The competition challenges architects, designers and engineers to provide a design solution which has the chance to shape the future of building with bamboo globally. This is an open International competition hosted by Building Trust International to encourage wider appreciation of bamboo and its use in construction. The goal is to generate progressive contemporary design ideas that Building Trust international and sponsors can actively work towards. We hope that the event will capture international media attention and perhaps even become an annual event.5) And how can readers join the event?Check out the CAMBOO Facebook event page, as we will post more information of daily events and make sure to keep the end of March free so you can drop by Freedom Park. We look forward to welcoming you there along with many other exciting organisations and brands.This story was a co-production of the Khmer Times & Realestate.com.kh “Property” Liftout. The section is available every Wednesday in the Khmer Times newspaper, with 10,000 copies distributed across Cambodia every day. Contact us today for advertising opportunities in the Khmer Times/Realestate.com.kh Property liftout. James Whitehead, director of content @ Realestate.com.khFind the latest real estate news now on Realestate.com.kh

In the past years Phnom Penh’s lifestyle has seen a rapid shift from traditional to a more modern one. People are changing their mindsets as well as way of living; within real estate this can be seen in the fast rise of condominiums and borey, which have given local market its necessary momentum.Currently, those interested in investing in a property in Cambodia can enjoy a very high offer; of course, caution should still be applied when choosing any project. The ministry warns the buyers to ensure that the projects for purchase have legally obtained licenses from the relevant ministries. As a matter a fact there is already a number of projects in the city have been declared illegal, thus buyers must be extra careful.Luckily the majority of the projects provide confidence to the public due to their reputation, experience, quality, and the investment opportunities attached to them. Realestate.com.kh has gathered some of the​ best borey in Phnom Penh whit a price range of $40,000-300,000:1. Borey Peng Huoth has been a popular project for quite some time now. It is located in well developed areas including Peng Hout Oknha Mong Reththy street,  Peng Huoth Phsar PC market, and Peng Huoth Road 6A. A unit at Borey Peng Huoth, starts at $60,000 and works its way up. Borey Peng Huoth also won the Best Residential Development Property Awards for 2016 and it has gained confidence from customers for its quality of construction, stylish housing design and years of experience. Borey Peng Huoth recently completed several projects and is also planning to start projects that will include The Star Premier -- located along Chea Sophara Road -- and The Star Premier Project which will be located along Highway 6A. You can contact them for more information and to purchase your dream house that may come in various types and sizes.2. Borey The Mekong Royal is a development project by the Mekong Phnom Penh Development Corporation Ltd. It is located along National Road 6, near the agricultural school Prekleap. Plans on developing and improving infrastructure for this area have already been discussed with local government, in order to address important issues such a traffic congestion and accessibility. Road No. 6 also connects to the big provinces Kampong Cham, Kampong Thom, Siem Reap, etc. Borey The Mekong Royal is also accompanied by a nice river view and enormous investment opportunities. There are many types of residences offered, such as villas, link houses, and shophouses, with starting prices at around $100,000. This Borey project is most suitable for safe and modern Khmer living.3. Borey New World has 10 years of experience in developing housing and has build up to 10,000 residential units to date. The company offers both reliability and quality for buyers. Borey Piphup Thmey is located near Boeung Chhouk, Phsar PC, Camko City, and Chamka Dong. Its strategic location is also in proximity of the potential investment area of Chea Sophara Road and Takmao. Units at the Borey Piphup Thmey have a starting price of $60,000.4. Borey Phnom Penh Thmey is another Borey located in the Municipal development, where there are currently eight ongoing projects along Chea Sophara Road. Unit prices range anywhere from $100,000 to $500,000.5. Borey Maha Sensok is a housing project under the development of the Japanese Company Creed Group. There are approximately 683 residential houses built on an area of ​​114,005 square meters. The project offers different types of villas, business units and a park pool water gym. This starting price is at $ 40,000.6. Borey Angkor residential accommodation provides high living standards and each construction project follows aesthetically-pleasing and topnotch quality. The development will offer property types such as villas, twin villas, link houses, and many more. Housing projects built by Borei Angkor has always gained support from buyers and investors, suggesting high confidence in the developer. You can check out the Borei Angkor I, Borei Angkor II and Borei Angkor III projects today. Starting price from $100,000.7. The Borey Hi-Tech Luxury project is one of the most popular projects in Phnom Penh. It is located 800 meters from Monivong bridge. The housing is built with great quality materials and offer both single and twin villas with a starting price of approximately $300,000.8. The Orkide Villa is a residential property in the city which is conveniently located in Sen Sok at Teuk Thla. New projects are situated along National Road 6A. Residential units are priced from $150,000. Beyond housing projects, they also offer various amenities like a swimming pool, a park, a playground, and a recreation center.9. Grand Phnom Penh has been completed outside the capital, in the satellite town project in Khan Sen Sok. Grand Phnom Penh residence offers several different types of properties, like villas and shop houses of varying size. The price ranges from $100,000 to $200,000 and up. It has modern aesthetics and comes with in-house security to help families to feel safe.10. Borey Lim Chheang Hak is a construction company and housing project that was founded in 1990. It is one of the leading construction companies who’ve built residential units for families in Phnom Penh through careful analysis of the needs of its customers. They are continuing to grow and gain recognition in Cambodia. They have and continue to build numerous projects located in Chom Chaov, Chomkardong, Stung Meanchey, Veal Sbov, and Phnom Penh Thmey. The company offers various property types such as villas, flats, and shophouses. The sales price for individual units start at approximately $60,000.Borey in Phnom Penh have significantly increased, which led to a more competitive market and improved construction standards. This has allowed them to offer a modern and comfortable lifestyle with international quality standards. Find out more about Borey projects on Realestate.com.kh

In highly competitive and unregulated markets such as Cambodia; few agents are working as hard as NC Max World Co., Ltd. to bring more transparency and fair practice to their industry.Realestate.com.kh met up with Mr. Toko Kobayashi, Chairman & CEO of NC Max World Co. Ltd.Mr. Kobayashi, originally from Japan, has been operating real estate businesses for over thirty years, gaining invaluable experience in crucial markets such as the USA, Japan, Macao, Thailand, Europe and Cambodia.When asked why he chose Cambodia, Mr. Kobayashi informed us that “Cambodia is currently offering significant investment opportunities” and that he believes this trend will continue to rise over the upcoming years.The prosperity of the local real estate market has also been verified by the ASEAN Investment Report, which stated that between January and August 2016, real estate foreign direct investment reached $7.2 billion.Mr. Kobayashi has also revealed that Cambodia offers a luxurious yet affordable lifestyle, which has been attracting an ever increasing number of expats searching for better quality of life over the past several years. This is also reflected within the Global Retirement Index, in which Cambodia ranked first among 23 countries for having the lowest cost of living. Due to his extensive experience across the international markets, we asked Mr. Kobayashi to draw comparison on how he felt about the local market. “Cambodia displays very weak regulations when it comes to professional conduct in real estate, compared to the other countries I have worked in”, says Mr. Kobayashi. In Cambodia, the absence of certified accredited license requirements, makes anyone eligible to become an agent and establish a real estate company. This in turn has contributed to the manifestation of a fairly sinister environment, where expats often fall victim to scams, inflated prices or mal-practice. “People often enter into real estate thinking that they’ll become rich quickly, but they fail to understand that in reality the average time it takes for an agent to sell their first property is approximately six to twelve months. This span of time, whereby the agent is unable to earn a commission, pushes those in for a quick buck to operate without integrity.” says Mr. Kobayashi.His advice for all those considering real estate investments in the Kingdom, is to perform a thorough check before signing any agreements or making any payments.As a professional with decades of experience, Mr. Kobayashi feels it is his duty and responsibility to operate with integrity and harbor good practice. The NC Max World Co. Ltd. team helps expats to find the right property based on their personal and financial needs.Although this is nothing new for the international markets, what differentiates Mr. Kobayashi from other Real Estate Agents operating in the Kingdom is that his team performs thorough due diligence reports on behalf of its clients, ensuring safe and reliable transactions. “I am not looking for quick return, my strategy has always been to focus on establishing long term relationships and relying on positive word of mouth. Real Estate is usually one of the most significant purchases we make in our lifetime, therefore we have a duty to display the upmost integrity and honesty with every single one of our clients. After all, a happy customer is a returning customer” says Mr Kobayashi.  The team at NC Max World Co. Ltd, whose exceptional code of conduct forms the foundation of their business practice, are firm believers that a transparent, regulated market starts with the agents. If you are looking for a property to invest and want to ensure a safe purchase, visit: http://realestate.com.kh/max-world-real-estate/

Condominium as an investment:In recent years, developers have shifted their development focus towards modern condominiums in order to satisfy the needs of the current and upcoming generation.  A condominium is now a popular type of modern, and luxury living space. Condos have very special characteristics that differentiate them from other types of residential properties in Phnom Penh. It caters to the needs of the working class, offering convenience as traffic worsens. Moreover, condominiums are the perfect choice for those who want to live in proximity to the commercial hubs of the city, schools, business centres, and other amenities which offer you high standards of living.Investing in a condominium is a big step and investors need to be certain that they are making the right investment decision, to prevent money loss, overspending, or wasting time on unnecessary problems. If you are considering investing in a condominium in Phnom Penh, you should consider several factors. Although investing in property is a vast subject area, this article aims to offer valuable information in respect to the factors that those future buyers should consider.If you're interested in other topics related to investing in Cambodia, you need to read our Investment Guide 2019. What are the hottest areas for condos in Phnom Penh?When talking about potential areas for investing in condo in Phnom Penh, Khan Chamkarmon has 4 Sangkats that display high potential. These are BKK1, BKK2, BKK3 and Toul Tom Poung. There are already few condo investment opportunities in these areas such as the Imperial Crown Condominium, and the 88 Suite Condo.Other condo projects in Khan Chamkarmon include (but not limited to) the East View, East commercial Centre,  The Penthouse Residence, The Bridge, Habitat Condo.Does Toul Kork have any potential for condo developments? And how about other Khans in Phnom Penh?Recently, Toul Kork became a target for residential developments as well as businesses. Although this area is not as developed as Chamkarmon yet, it is set to become a big residential area in the near future.There are already few developments in Toul Kok which will be soon completed, such as the TK Royal One opposite to Royal University of Phnom Penh, Apennines in Boeung Kak 2, The Gateway which is so close to Parkson Mall along Russian Blvd.What type of customers are best-suited for condo living?Living in a condo entails a modern way of life focused on convenience, comfortability, and security. Majority of the condominiums are occupied by foreigners while Khmer nationals prefer a more traditional lifestyle and chose to live with their extended families in landed houses. However, this trend might change in the upcoming years, and Khmer nationals are predicted to switch their focus on villas and condominiums.Which areas do expats prefer to live in?Chamkarmon:The four Sangkats of Chamkarmon are the most preferred areas of living for expats. As mentioned, these are the BKK1, BKK2, BKK3, and Toul Tom Pong areas. These areas are very popular because are filled with businesses and entertainments such as: pubs, coffee shops, bars, karaokes, clubs, fitness centres, restaurants, and many other service-centered businesses.Daun Penh:Khan Daun Penh is another popular area among expats. This areas is also offers several entertainments but also features tourist attractions such as the riverbank and the royal palace. There are a few sangkats where expats are fond of such as Sangkat Phsar Kandal 1,  Phsar Kandal 2, Phsar Chas, and Sangkat Chey Chum Nas.Are you looking for a professional property management for your condo investment?Property management services include operations, control, and oversight administration of residential properties. The administration takes the overall control of the property on behalf of the owner.  When considering purchasing a condo, make sure you research the property management firm taking care of development. Remember: this firm will take care of the management of all the common areas and services offered in the condominium, it is therefore crucial to the firm's capabilities and experience. Learn more about Lack of Quality Property Management may knock Investor Confidence in New Developments Market!Are you a foreigner wanting to invest in condo? Here are your ownership rights:Foreign nationals are unable to buy land  and landed property freehold within Cambodia, in accordance with the Land Law of 2001 and the Cambodian Constitution, unless a landholding company is set up with the majority of shares being held by a Cambodian citizen or citizens.Nominee Structure: This structure or method is used by some foreigners to own land or landed properties in the country. It’s fast, easy, and inexpensive. Basically, real property is bought by the foreigner. The property title is then transferred into the Nominee’s name. Once titles are received, a lease and/or mortgage is registered through the Sangkat office. The security documents are also signed in Khmer and English. The foreigner then holds the property title.Strata title: A strata title is a form of ownership certificate for units in a co-owned building. There are also a number of laws, policies, and amendments made in Cambodia to safeguard the condominium and strata titling mechanism. One of these is that foreigners cannot own a grounded unit. They also cannot own more than 70% of the units of the building.For detailed information on Strata Titles, check out our Strata Title GuideTax obligation: A co-ownership title transfer costs around 4% of the value of the property which is evaluated and set by the cadastral official.Is an off-sale condo a worthy investment?Off-sale refers to the purchase of condo units before the completion of the construction. The off-sale unites are usually quite appealing due to their discounted prices and can offer a quick return on investments. However, developers often tend to delay their constructions and buyers are advised to consult a knowledgeable attorney and insert their own conditions in the agreement, especially in regards to the completion date and the deposit.Why should you consider investing in Condo in Phnom Penh?International investors are rushing in the Cambodian capital, Phnom Penh, seeking a share of one of the region's last frontier property markets.Price Comparison with neighbouring countriesCambodia offers a wide range of luxury accommodation. It also offers a high standard yet affordable lifestyle, compared to the neighboring countries. In the Global Retirement Index report, Cambodia ranked 1st among 23 countries for having the lowest cost of living. Therefore, is not surprising that an ever increasing number of expats searching for a better quality of life over the past several years,is relocating to Cambodia.According to Bonna Realty, the price for grade A condos lies between $2,300 to $5,791/sqm; Grade B+ at $1,718 to $3,725/sqm; Grade B $1,000 to $3,000/sqm; and Grade C around $789 to $1,700/sqm. In comparison, according to the CBRE Vietnam report, in Vietnam the average sales price is at $2,046/sq.Instead in Bangkok, there are six categories of condos: the Super Luxury is above $7,058/sqm, Luxury is at $4,799 to 7,057/sqm, High End is at $3,387 to 4,798/sqm, Upper-Mid-range is at $2,541 to 3,388/sqm, Mid-range is at $1,976 to 2,540/sqm, Entry Level is Below $1,974/sqm. (CBRE Thai report).Future Market Supply of Condominium Units in Phnom Penh:According to CBRE Cambodia’s Marketview report Q2 2016, the addition of 22,464 units will raise the total supply to 25,250 units by the end of 2018, marking an 806% increase. Additionally, Knight Frank estimates that by 2020, 74 projects will add 24,533 units to the residential condo market, marking a sevenfold increase in total supply, with a growth of 723.5%.An even bigger prediction is made by Century21 Cambodia, forecasting that or future by 2020 the total supply of completed condominium units will reach a rounded figure of 37,570.These forecasts suggest that Cambodia is developing quickly and investors are showing great confidence in the market. An ever increasing number of foreigners is considering relocating to Asia. Are you one of them?Take a look at these finished new developments at Phnom Penh now!