If you're looking to buy or invest in condominium property in Cambodia, it's important to understand the steps involved. Whether you're a local buyer or an international investor, in this guide, Realestate.com.kh will break down the basic buying process in short article with simple terms to help you feel confident and prepared.Here’s a step-by-step look at what to expect:1. Unit Selection & BookingFirst, choose the property or unit you like. Once you've made your choice, you'll usually pay a booking fee (between $500 and $2,000) to reserve it. This takes it off the market while the paperwork is prepared.2. Review the SPA (Sales & Purchase Agreement)Next, you'll receive the Sales & Purchase Agreement (SPA). This is a key legal document that explains the terms of the sale, the developer’s responsibilities, penalties for delays, and when you’ll receive the title. It’s important to read everything carefully or get help from a legal professional.Further reading: Understanding the Sales and Purchase Agreement (SPA) in the Cambodia Real Estate Market3. Sign the SPAOnce both parties agree to the terms, you and the seller will sign the SPA. This makes the deal official and legally binding.4. Downpayment Right after signing the SPA, you’ll make a down payment—usually the amount is according to the condition of payment method and the percentage of the total property price.Further Reading: Common Payment Methods for Buying Properties in Cambodia5. Payment ScheduleThe rest of the payments will follow a payment schedule, which depends on the stage of the project. Payments may be monthly, quarterly, or based on construction milestones. The developer will provide this schedule.6. Ownership RegistrationAfter you’ve paid the full amount and the unit is finished, you can register the property under your name with the Ministry of Land Management, Urban Planning and Construction (MLMUPC). This step gives you official ownership.7. Handover & Key CollectionFinally, you'll collect your keys once the property is complete and inspected. This is also when you should do a final check for any defects or issues and have them recorded before you move in as well!In short, buying a property in Cambodia doesn’t have to be complicated, especially when you have the right support. If you’re unsure about any of the steps above, feel free to let our professional agents guide you through all the process from start to finish smoothly!Additional reading: 50 Must-Know FAQs for Real Estate Investors in Cambodia-Contact us now via- 📞+855 92 92 1000📧 info@realestate.com.khOr come and visit us at The Connect Center- Opening hours9:00 - 5:00  Monday-Friday 10:00 - 5:00        Saturday - Sunday Location: #306BCD,Monivong Blvd (93) Sangkat Chakto Mukh, Khan Doun Penh, Phnom Penh

Considering an investment in Cambodia, especially with high-rise condo developments, may be a wise decision, especially in view of the economy of the country, which has been continually growing in the last several years.According to the National Bank of Cambodia, Foreign Direct Investment (FDI) during 2016 increased to $2.15 billion, a 25% increase compared to the year before.However, we understand that buying a property is a big decision, and you might have some hesitations. For this reason Realestate.com.kh is here to help you in getting to know better the local market.Does Cambodia have a stable economic growth?The Asian Development Bank refers to Cambodia as the “Asia’s new tiger economy.” In fact, Cambodia is now one of the fastest growing economies in the ASEAN region. The country’s gross domestic product (GDP) has been growing by 7% each year since 2011 and is expected to keep moving at that pace through 2017.What types of condos are you looking to invest in and how much are they?Ownership Laws Cambodia: Condominiums are the only residential houses which are available for foreigners to purchase for ownership in Cambodia.Developers have divided condos into three types, including: low-end condo, middle range condo, and high end condo which are available. These are newer projects that have been built to cater local and foreign investment.According to CBRE Cambodia’s quarterly report for Q4, low-end condos have an average starting price of $1,550 per sqm and mid-range condos start at an average of $2,700 per sqm. Meanwhile, the average starting price of high-end condos start at $3,000 sqm.The report also states that Cambodia’s average condominium price is at $3,000 per sqm, significantly lower than Ho Chi Minh’s $4,000+ per sqm and Bangkok’s $6,000 per sqm.What facilities will the condo unit include?Buying any new condo unit in Cambodia also entitles owners to access different facilities such as for instance the parking lot. Other facilities such as tennis courts, residents’ lounge, multi-purpose room, BBQ areas, reading rooms, steam/Sauna, gymnasium, swimming pool, spa pool, security services, and children's playground might also be in place depending on the condominium.What are the hotspots for condominiums in Phnom Penh?When talking about prime locations for buying condo units, investors or buyers should look at the three hotspots OF the capital of Phnom Penh. These include Boeung Keng Kang in the Chamkarmon district, Boeung Kork in Tuol Kork, and some areas in Duan Penh. These popular areas are brimming with a variety of low-end to high-end condo developments.There areas are also popular due to the are many amenities that can boost your quality of life. Businesses and entertainment facilities include restaurants, pubs, bars, coffee shops, karaokes, clubs, fitness centres, international schools, standard hospitals, clinics, tourism areas and many other service-centered businesses. These areas are also generally classified as more modern and peaceful.Just walking around the area helps if you’re interested in buying and want to take time to understand the characteristics and features of each area before you make a decision.What’s the importance of internal regulations and professional property management for your condo investment?Investors and buyers need to take into account the internal regulations and the management services of a condominium before purchasing condominium units.Checking out the internal regulation reveals the rights and obligations of your unit. This is where you learn the locations of common areas, private units, and the conditions of use. It also helps you understand costs related to cleaning, maintenance, and repairs of the common areas.Property management is the management and control over common areas and services offered in the condo. Property management companies will take the overall control of the property on behalf of the owner for things such as cleanliness, maintenance, and all necessary repairs.When you’re considering purchasing a condo, it’s recommended for you to consider a professional and experienced property management firm to handle financial, legal and technical issues. Also consider firms that have a wide network to ensure that the condominium runs efficiently.Failure to do so can strongly affect the real estate asset as internal rules and condominium management can have significant impacts on the value of your condo units.Can foreigners own ground floor unit in Cambodia?Ownership Laws Cambodia: Foreigners can own any property in Cambodia however, there is a limit in ownership rights. According to the Foreign Ownership Property Law, foreigners can only own properties from the first floors up and up to 70 percent of a condominium building.A “Strata title” is applied as an ownership title for foreigners who buy a condo unit in Cambodia. It’s is a type of hard title that is used for a co-ownership building. It’s now applied to all the new condo development in Cambodia.What are the taxes on ownership of Cambodia’s condo?When buying a unit from a developer, you need to transfer the strata title which costs around 4% of the value of the property, where the value of the property is evaluated and set by the cadastral official.Do you know your guaranteed rental returns?There are many new condo developments offering “Guaranteed Rental Returns” to their customers. The standard net returns being advertised by condos and new developments runs from 4% to 9% a year for about two to five years. Some developer will also offer up to 20% and even more for short-term period rentals.Make sure you do your research before purchasing a condo, it will help you maximise your investment!Check the condos available in Phnom Penh here.

SOMA Construction and Development Co., Ltd is a subsidiary of SOMA Group Co., Ltd and is now working as one of subcontractors under supervision from main contractor,  HYUNDAI Engineering (Cambodia) Co., Ltd. for the reinforced concrete works Zone A of the AEON Mall 2 -- covering 4/10 of the entire project area.And just recently, SOMA Construction and Development has also been awarded the contract phase 2 related to decoration work, which is the masonry and plastering works at zone B.  Getting more projects and gaining strong confidence from the market is not easy and definitely does not happen by accident.In fact,  the company is strictly studied about prequalification on both technical and financial capacities before invitation to tender from headquarters of Hyundai and the AEON Mall.,What are the key factors of SOMA Construction and Development Co., Ltd. that HYUNDAI Engineering came to trust?Major achievements of SOMA Construction and Development: the company has completed a range of projects and is now doing construction, design, project management for both national and international clients such as Phnom Penh International Airport, Niroth Water Production Facilities  from French main contractor ,Vinci Construction Grands Projets, Lumiere Hotel from Singapore, The Heritage Walk, which is the biggestmall in Siem Reap province, and one18 Residences, acondominium which has 25 residential stories and 5 levels of basement designed with mechanized car park from Singaporean clients.Human Resources: The company has skilled and highly committed human resources with various areas of expertise and capabilities. This is a significant advantage to ensure the completion of projects on time and with high quality. In order to strengthen the knowledge of their employees, the company has brought an advanced technology called BIM (Building Information Modeling), which is one of the leading programs for engineering and design work. The company also hired professional coaches from Singapore, to train and master the skills of their employees.Focus on Quality and safety: Quality is the greatest selling point of any product or service. However, when it comes to construction, quality becomes the key since it affects people’s way of living. For this reason, SOMA Construction and Development has paid attention to both national and international technical standards to ensure 100% safety and quality of their constructions. By scanning and evaluating in advance any risks allows them to take measures to prevent accidents and other factors that might affect the quality of work. They strictly implement and adhere to the decree and announcements of the Ministry of Environment and the Ministry of Land Management, Urban Planning and Construction. They have safety, security, and quality control systems to ensure the accuracy during work execution. This is also in order to push sustainable development and up-to-date safety and quality management systems. The company's engineers monitor and educate workers regarding safety, hygiene and quality of working performance. In addition, the company also offers free accommodation, electricity and water, safety equipment, and health insurance to their workers. Lastly, the labor fee is paid​regularly to all workers.It’s good to note that SOMA Construction & Development Co., Ltd. offers general construction services for office buildings, hotels, factories, schools, shopping malls, and airports. The company also offers architectural design, MEP, structure,  and project management services. Although, SOMA Construction & Development has been in the construction sector for approximately 7 years, the company has already performed over 50 construction and design projects and employed almost one thousand employees including workers and technicians.If you want to contact SOMA Construction & Development Co., Ltd. Please call (+855)99 777 243 or Email: info@smcd.com.kh or go through their website: www.smcd-construction.com.khFor up to date news and information, visit our news section at Realestate.com.kh now.

Article 44 of the Constitution of the Kingdom of Cambodia implicitly states that foreigners aren’t allowed to own land in the country. However, there are many ways foreigners can buy land in Cambodia.One of this ways is buying land through a locally-incorporated company, either a limited liability company or a private limited company. And, yes, it’s absolutely legal to do so, provided that a Cambodian partner owns 51% equity.Realestate.com.kh lists down all the things you need to know and answers some of the questions that will help you get yourself set up to buy that land in no time!How is buying land through a locally-incorporated company legal?This is made possible because of the provision in the Law on the Investment of the Kingdom of Cambodia. Specifically, Article 16 of Chapter VI.It states that the “ownership of land for the purpose of carrying on promoted investment activities shall be vested only in natural persons holding Cambodian citizenship or in legal entities in which more than 51% of the equity capital are directly owned by natural persons or legal entities holding Cambodian citizenship.”But isn’t that going to be risky?As for everything, there is always some risks. But since it is legal, the only risk you’ll have is with the loyalty and truthfulness of the Cambodian partner you’ve chosen. But there are safeguards to protect your investments, position, and control over the company.For instance, the careful allocation of shares and an appropriate draft that details the rights attached to share certificates will allow foreigners to gain full control over the land. You can also secure a mortgage, a security, and a Power of Attorney document to enforce your authority over the property. Make sure to also keep possession of the registered title deed and the company license.What are the requirements from a locally-incorporated company?Setting up a company requires at least two shareholders, a director, and a starting capital of at least $1,000. Once the positions are filled in, you will need to get a corporate bank account, a real office space through a registered agent, and a local Khmer company name.What’s the process of setting up a locally-incorporated company?You’ll first need to make a deposit of $494 through an authorized bank. Make sure that the deposit slip you get will be safe and secured. Then, for $10, you will need to check for the uniqueness of the name of your company through the Ministry of Commerce. It usually takes around 5 days to get a response to the inquiry.Step two is where you obtain a CIB 01R form or a company registration form either physically via the Cambodian Investment Board or online through their website.Then, you need to get an official company seal through the Ministry of Commerce. This costs around $15.The next step is for the foreigner to publish a company abstract on a reputable and recognized newspaper. The abstract should include the memorandum, the by-laws, articles of association, name of the company, form of the company, office address, summary of business objectives, total capital in cash, term of the company, details of the director or auditor, and the location of the company’s registration. This step takes around seven days in total for approval and release.Make sure to get  2 copies of the application documents and newspaper approval as this is required when you apply for registration.Next, you’ll need to enroll the company into the commercial register of the Ministry of Commerce 30 days before the company starts commercial operations. This requires the submission of 2 copies of the declaration of non-guilty of directors, 2 copies of ID cards or the directors’ and shareholders’ passports, 2 copies of the decision for share contribution, 2 copies of the photos of shareholders and directors, 2 copies of the memorandum and articles of association, 2 copies of the newspaper publication application, 2 copies of the statement of conformity, and copies of the registration application form.After setting up and enrolling the company, you need to get its documents approved and stamped through the Phnom Penh Tax Department for around $26.Then, you have to fill out the required forms and documentation from the Real Regime Tax Office to get your official tax registration.After doing all of that, you’re now set up to operate.Are there any other obligations after setting up the locally-incorporated company?The LLC will need to register for VAT and file annual tax returns after incorporation. Also, 100% of real property costs will be shouldered by the foreigner. As an advantage, 100% of the whatever is made when the property is sold will also go to the foreigner.In addition, the company must notify the Ministry of Labor when it will start operations and when it hires or fires employees.What’s the advantage of buying land via a locally-incorporated company over leasing?There major factor you have to consider when trying to decide between Buy Land in Cambodia and lease for the long-term. With long-term leases, there’s going to be an issue of ownership after the lease expires because there are conflicting laws on it. The Land law states that the building is owned by the landowner. The Law on Investment states that the building is owned by the lessor.When you Buy Land in Cambodia and set up the proper security measures to protect it, there is no doubt that the land is yours even if it is through a partnership with a Cambodian citizen.There are plenty of other ways to Buy Land in Cambodia, but buying through locally-incorporated companies presents as a great legal option. And while it may not be convenient to set up, it will be more convenient in the long run.Check out more ways to own land in Cambodia as a foreigner on Realestate.com.kh now!

Toul Tum Poung has been known for its numerous tourist attractions, restaurants, bars, clubs, shopping and entertainment centers.The fast rise of all these attractions, resulted in a tremendous growth of foreigners settling down in this area.Toul Tum Poung Market is a very popular market in Phnom Penh:  it’s located in Khan Chamkarmon which has one of the highest prices for land. This location is attractive for both living and business purposes due to the the significant amount of sale and rental activities.Should I get furnished or unfurnished Houses for Rent?Usually, homeowners will offer different services and conditions for rentals. Serviced apartments have much to offer for customers looking for high-end property, such as: fully furnished units with hot-cold water, washing machine, kitchen equipment, Internet, and cable TV. Additionally, condos often offer gyms, swimming pools, and parking.However, currently even homeowners of simple houses offer fully-furnished units and kitchen equipment. Getting a fully-furnished rental unit will certainly provide you convenience and comfort, but it will also add to your rental cost.What type of housing is available for rent in Toul Tum Poung?Yim Socheat, Managing Director of CDN Property Co. Ltd, said that housing for rent in Toul Tum Poung includes family homes, Khmer style homes, European houses, villas, and apartments. The rental apartment demand is high for both locals and the foreigners who are staying temporarily in the country.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 Toul Tum Poung so popular?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.This area is particularly attractive because of its fascinating mix of both traditional and modern cultures. Additionally, its close proximity to the market, makes it a great place to shop or buy gifts for family or loved ones.This area has also a very wide selection of restaurants which offer different cuisines: Long After Dark, Divine Pizza and Ribs, Roots and Burgers, Sesame Noodle Bar, CrossFit Amatak Kettlebell Cafe, are only some of the few places that have opened in the area.Read more: Cool Tum Pung: A closeup look at the recent gentrification of Russian Market, Phnom Penh’s hippest new suburb!Make sure you read your terms and conditionsIf you decide to rent an apartment in Toul Tum Poung, make sure that your landlord has the necessary legal documents for you. For example, if you rent a condominium, you must keep a copy of the lease and must comply with all the conditions stipulated in the contract.To ensure the legality of your lease, you are advised to go through 3rd party affiliates such as lawyers or real estate agents to ensure the validity of the legal terms of contract. The 3rd party will need to retain a copy as well.How do you find a good apartment for rent?You need to take your time to find the perfect apartment which will suit your needs, especially if you are a newcomer in the market. Some people rely on private individuals who help you looking for properties. These individuals are usually  brokers or referee who help you to negotiate prices without charging you a fee.We highly advise you to seek the assistance of professional companies, whom have a solid reputation.  Usually, those agencies provide reliable real estate services because they are more knowledgeable in regards to the local market.Generally, when renting through real estate agents, it is easier and more efficient. Mr. Sornn Seap, Managing Director of Real Estate Key Real Estate said, "As a real estate professional company, we provide services based on the needs of our clients. Loyalty is key to our strategy.”To start your search, you can visit the leading property website Realestate.com.kh. With more than 45,5000 properties listed and over 150 real estate agents and developers, you can get a fair overview of what is currently available in the market!Find out property for rent or sale in Toul Tum Poung on Realestate.com.kh!

Russei Kaev district saw the growth of both residential supply and demand which helped transform the district into a housing hub in 2016. This was while the urban expansion of many different suburban parts of the capital accommodated the rapid growth of the population in the city.2016 saw the rise of 1,174 units at the Russei Kaev district. The majority of them were link-houses. They account for 96.7 per cent or 1,135 units of the housing market supply, according to VTrust Appraisal’s report released recently. The report also showed that semi-detached houses accounted for 10.2 per cent (279 units), whereas single-detached houses accounted for 2 per cent (54 units) of the total housing completion the same year.The report shows that as of 2016, Chrang Chamreh Ti Muoy takes 21 per cent or about 2,544 units of the total cumulative housing market supply; Chrang Chamreh Ti Pir with 4 per cent or 465 units; Kilomaetr Lekh Prammuoy with 25 per cent or 3,085 units; the Russei Kaev commune with up to 29 per cent or 3,574 units; Svay Pak with 5 per cent or 597 units; and Tuol Sangkae with 16 per cent or 2,004 units.“As of today, the Russei Kaev district is home to a cumulative supply of 12,200 landed housing units – with 86 per cent complete, while some are under construction – clustering in different communes of the district,” the report stated.Hoem Seiha, director of Research for VTrust Appraisal Co., Ltd., said that the total number of units that had been sold is at 84 per cent and the rest of the units had just come into the market. So, they need time to sell. Seiha says the reason they chose the Russei Kaev district was because their study showed that it has a good housing market. “The landed cluster housing market in Russei Kaev district grew strongly within the past five-year period. There has been an average of 1,600 launches of new units coming into the market yearly from 2012 to 2016. There’s also going to be around 2,800 and 3,380 units that will be come to completion by 2016 and 2017, respectively,” Seiha said.VTrust Appraisal’s research also found that the average list price for purpose-built shop houses across Russei Kaev district is $161,100 per unit and sold at an average of $155,600 per unit. Link-houses were listed on average at $109,800 per unit and sold at an average of $105,400 per unit. Semi-detached houses were listed on average at $195,700 per unit and sold at an average of $178,800 per unit. Single-detached houses were listed on average at $643,000 and sold at an average of $595,500 per unit.Chrek Soknim, CEO of Century 21 Mekong, said the reason the housing market is still seeing growth is because it is supported by the banking sector. The housing demand saw an increase of interest from newlywed couples and middle-income earners as well.“Because the district of Russei Kaev is adjacent to the capital’s central business districts, it has now become a residential hub where residents can access the business centers easily and immediately, compared to the far west districts of the capital,” Soknim said.Borey Peng Huoth, Borey New World, and Borey Rith shared the second largest market share in the district, reaching up to 9.1 per cent, 8.9 per cent, and 8.4 per cent – approximately 1,120 units, 1,102 units, and 1,035 units – respectively. Nevertheless, there were also various projects that had fewer than 400 units, collectively sharing up to 39 per cent or 4,787 units of the total cumulative market supply. 84 of which were totally completed as of the date of reportingRussei Kaev district is one of Phnom Penh’s 12 districts. It is administratively subdivided into 6 communes. Namely, Chrang Chamreh Ti Muoy, Chrang Chamreh Ti Pir, Kilomaetr Lekh Prammuoy, Ruessei Kaev, Svay Pak, and Tuol Sangkae.In total, the Russei Kaev district is currently home to an estimated 180,000 residents.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!

Vann Molyvann, considered the founder of the modern Khmer architecture, completed nearly 100 projects both nationally and abroad between 1956 and 1970. The impact of his architecture is felt around numerous corners of the Kingdom - with many still applauding his architectural style.Ms. Tri Lida from Re-Edge Architecture & Design refers to Molyvann as “the father of Cambodian architecture” - holding a “unique ability to incorporate Khmer style with natural elements, creating sustainable buildings where the air and sunshine flow from the inside out.”Some of Molyvann’s most significant projects are the Independence Monument, the National Olympic Stadium, the Royal University of Phnom Penh, the Chaktomuk Conference Hall, Preah Suramarit National Theater, the Council of Ministers building and the State Palace in Chamkarmon – now the place of the Senate.There are also several of his projects which are less known by the general public; such as the stupas within the Royal Palace, the Kantha Bopha Hospital, the first Siem Reap airport and the pavilions and temples for the 2,500th anniversary of the Buddha.Aside from the many projects he completed within the Kingdom, Molyvann also worked on projects abroad such as the Exhibition Hall for the International Trade Fair in Osaka, Japan, the Exhibition Hall For the International Trade Fair of Zagreb, the Exhibition Hall at the International Trade Fair of Brno, Czechoslovakia, and the Exhibition at the Galleries Lafayette in Paris.However, when asked his most loved architectural projects, these are all national - although not all are still in existence: “The ones I love the most is the National Olympic Stadium and Preah Suramarit National Theater on Bassac in Phnom Penh. There are many other projects I was fond of, but unfortunately some of them have been replaced​ by new buildings or were destroyed,” said Mr Molyvann.The demolition of old architecture is a recurrent issue in Cambodia, which the photo expert and owner of the “Amazing Cambodia” photo archives, Mr Srin Sokmean, has likewise noted: “It is a great pain to witness those architectural heritages disappear one by one. I always question myself why they are destroyed and not suitably renovated.”This is what pushed him to produce a vintage photo collection book named “Cambodia: Half Century Then & Now” which aims to enable people to visualize the beauty of Cambodia in the past and how the current landscape has been modified. On top of this, Sokmean has a popular facebook page and blog demonstrating his collections of photography. “I strongly believe that redecoration is the best option, because each building has its own attractive point. Development and architectural conservation need to go together” he added.“Old buildings are not always useless; instead they can be perfectly converted into museums, art galleries, boutique hotels or other amenities,” he concludes.And Sokmean is not the only one trying to preserve national heritage via media platforms. Mrs. Teav Bandol of Image Printing also shares a similar concern that, “during development, many countries face the dilemma of whether to preserve or replace heritage buildings to give space for new development; sadly most countries choose the latter. Cambodia is no exception.”She continued, “It should not be destroyed but preserved. Both old and new architectural work must be kept in its place in order for the public to witness the evolution from one generation to another. Doing so will help us to preserve the national identity and maintain sustainable development.”With that in mind, Image Printing is planning to re-publish some books detailing Vann Molyvann’s works in order to ensure his contributions reach the next generation.Bandol mentioned that the publication of these books are not just for the purpose of preserving Van Molyvann’s buildings – but it’s also “a demonstration of intelligence, knowledge and innovation in the architecture industry - which is a good example for the new generation to follow.”“Moreover, we cannot regain a building that was destroyed, but we can save every document for next generations,” she concludes.Find the latest real estate news on Realestate.com.kh

As “ADB predicts a rosier growth for Cambodia in 2017”, developers are slowly jumping on to the opportunity to both make a profit from it and also contribute to the country’s economic growth – specifically in the construction and real estate industries. Take this with Cambodia’s upgrade to a lower-middle income status, you get a new set of up and coming luxury developments! And one of these is the Orkide Villa. But just what exactly does this villa have to offer when compared to the multitude of projects being constructed? Realestate.com.kh digs deep to show you what!Deriving from the inspiration of the name itself, Orkide Villa is set out to become Chroy Changva’s “Botanic City,” using elements that are both innovative and familiar to customers who wish to purchase units on the project. Its design is a play on modern architecture intertwined with Cambodia’s natural greenery – offering a taste of both worlds. It’s sort of similar to the Supertree Grove at the Gardens by the Bay in Singapore. Meanwhile, its interiors are also going to be lavishly decorated with current but timeless fixtures, fittings, and colors. The main color palette being black, brown, gold, green, and white.The project will have two villa types. Namely, the Grand Villa and the Twin Villa. The Grand Villa will have a total of 3 floors, 1 master bedroom, 5 bedrooms, a family room, a dining room, a kitchen, 2 maid rooms, a store room, a laundry room, a car park, a children area, and 9 bathrooms. Meanwhile, the Twin Villa contains a master bedroom, 3 bedrooms, 6 bathrooms, a dining room, a kitchen, a living room, a store room, a laundry room, and 2 car parks.The Orkide Villa is also located in a safe area where there is both peace and 24-hour security. Schools, shops, and other establishments also line the area for easy access. These include a Caltex gas station, Chenda Shop, VegeFresh Supermarket, Unicaffee, Sdok Pravoek, Dary Sports, Pro’s Auto, Heng Siden, and Bamboo Finance PLC.It’s also relatively easy to move around as the project’s close to public transport and main roads like the Phnom Penh Hanoi Friendship Boulevard.To top it off, The Orkide Villa has come highly commended as one of the best housing developments in Phnom Penh during the 2016 Cambodia Property Awards, further solidifying its spot as one of the country’s best investment properties.So, if you’re trying to look for either an investment or a purchase property for the long-term, it’s worth looking at some of the units at The Orkide Villa!Take a look at similar projects on Realestate.com.kh!

The Cambodia Real Estate Show, powered by realestate.com.kh, saw over 3000 local and international investors flock through the Grand Ballroom doors of NagaWorld Hotel last weekend, Friday & Saturday.The country's leading developers benefited from thousands of sales leads generated over the two days; and a staggering 30 deals were converted onsite at the show - equating to over 3 million US$ in total property value.Developers also booked a high number of site visits, showroom tours, and gained hundreds of serious leads to follow up in the coming weeks after the show. Three lucky buyers also won international flights packages, thanks to the airlines sponsor Cambodia Angkor Air.40% of those who attended the event were Chinese, or Chinese speaking; 20% were mixed internationals; and 40% were Khmer nationals. As Cambodia’s leading property classifieds website, the turnout of the show represents the targeted audience of the Realestate.com.kh website and related media channels.“The Creed Group, presenting 3 projects at the show - Bodaiju Residences, Borey Maha SenSok and Arata Garden Residences - achieved a great result: 21 unit bookings and reservations for current selling projects and the upcoming project, Arata Garden Residences,” confirmed Ms. Kelly, Deputy Sales & Marketing Director at Creed Group.Ms Intan Kosem, developer of Habitat Condos, said that, "We were very delighted to present Habitat Condos at the show. In fact, we sold one unit to an overseas buyer which we met at the show - and we also generated various other sales leads and property visits from the event. We look forward to the next show!”“We were very satisfied to be a part of the inaugural Realestate.com.kh Cambodia Real Estate show at NagaWorld. The event enabled our team to generate a significant number of direct sales and many good quality leads for prospective buyers. We are looking forward to the next event organized by the Realestate.com.kh team,” said Mr Laurence Hamilton, Vice President of NC Max World Real Estate Development/Brokerage who presented new projects such as The View and East One Apartments at the show.Mr. Piseth Seng, CEO of LK Development Group - developer of The Elements project, stated that, “The Cambodia Real Estate Show at NagaWorld was beyond our expectations! Realestate.com.kh delivered what was promised to the exhibitors. We met so many potential buyers and the high-value investors that we were looking for. We are sure that this Real Estate show is here to stay in the market and we are proud to continue to work with Realestate.com.kh into the future.”In addition, the show provided a very insightful series of seminars from some of the most respected figures of the local and international industry. All of these presentations and video seminars are available for viewing on www.realestate.com.kh/news in the coming days.Porsche and Mercedes Benz were also at the show - allowing visitors to test drive some of the hottest cars on Phnom Penh’s streets from the valet parking area of NagaWorld.The Show would not have been possible without its dynamic sponsors: Last Mile Works VR, Seara Sports Systems, Ezecom & Cellcard. A big thanks goes also to our trusted Official Media Partners: Business Cambodia, Bizkhmer, Khmernavi/Enjoy Cambodia, Sin Chew Daily, B2B Cambodia, Amcham, Britcham, Cambodia Constructors Association (CCA), Cambodian Valuers and Estate Agents Association (CVEA), PropertyGuru, Property Report, Asian Property Review, PropertyGuru International, Juwai.com, the Khmer Times and La Reine. “Our real estate show simply closed the gap between the investor and the opportunity,” comments the ceo of Realestate.com.kh, Mr Thomas O’Sullivan. “When investors from throughout the region arrived in Phnom Penh for our real estate show, they were able to feel, smell and touch Cambodia; they saw the drastic changes happening here in terms of construction and real estate development. They also came to understand the infrastructural improvements that are transforming the country into an economic hub. This exposure to Cambodia gave many the confidence to invest in property at the show,” concluded O’Sullivan.After the success of the first ever Cambodia Real Estate Show, Realestate.com.kh is already planning for an even bigger and more comprehensive Real Estate Show within 2017.Find the best real estate news on Realestate.com.kh

The Cambodia Real Estate Show is on this week!Friday and Saturday, 5&6 May @Nagaworld Hotel (Grand Ballroom Level 2), 10:00AM -> 6:00PM.+ 20+ new projects on show+ Educational seminars from leading economists, agents and lawyers+ Win international flights from Cambodia Angkor Air+ Exclusive car test drives with Porsche and Mercedes.FREE ENTRY - NO REGISTRATION REQUIREDBring your friends, family and network to Cambodia’s one and only Real Estate Show, powered by Realestate.com.kh!REGISTER NOW FOR SHOW UPDATESThe intention of the Cambodia Real Estate Show 2017 is to promote Cambodia and the Cambodia real estate industry both locally and internationally. Realestate.com.kh is bringing together a collection of the nation’s finest new projects, as well as other businesses that influence and play a role in the market.During the 2 days of the show (this Friday and Saturday), attendees will also be able to watch various educational seminars which will assist property buyers and investors understanding the market, the legal obligations of property ownership, and to help them to make educated decisions when purchasing real estate in Cambodia.Topics at the Cambodia Real Estate Show will include real estate law, ownership regulations, tax obligations, analysis of investment locations across Cambodia, property management considerations, and various other pertinent topics.The seminar room at the Cambodia Real Estate show is free for all guests to join. All speakers will also take questions from the audience following their presentations.The detailed schedule for the seminar sessions on Friday and Saturday is as follows:Seminar Schedule Day 1 - May 5, Friday:Economic Growth Prospects in Cambodia: The Gateway to the ASEAN Region (12:30PM - 1:00PM)Sok Siphana, Managing Partner at SokSiphana & Associates, a member of ZICOLAWCambodia, Transition from ‘Live Era’ to ‘Life Era’ (1:00PM - 1:15PM)Anita Cui, Deputy General Manager of GREDvKirirom Project Development (1:15PM - 1:45PM)Takeshi Izuka, President of vKirirom ProjectForeign Ownership in Cambodia: Regulations and Practice (2:30PM - 3:15PM)Matthew Rendall, Managing Partner at SokSiphana & Associates a member of ZICOLAWIntegrating Security to Increase Property Value (3:15PM - 3:45PM)Athanasius Pang, Managing Director - Trivox Global Security Group; Brand Principal of DL EdvanceHow Singaporean Investors View the Cambodian Market (3:45PM - 4:30PM)Jo Chua, Head of International Developers Business for PropertyGuru GroupTax for Investors: Real Estate Tax Considerations for Cambodian Property Owners (4:30PM - 4:45PM)Anthony Galliano, CEO of Cambodian Investment Management (CIM) GroupThe New Landscape of Property Management in Phnom Penh (4:45PM - 5:15PM)Benny Tan, Principal Consultant at SC CapitalSeminar Schedule Day 2 - May 6, Saturday:Consumer Trends in the Cambodia Real Estate Market (1:30PM - 2:00PM)Tom O’Sullivan, CEO at Realestate.com.khIndustrial Property & SEZ Investment in Emerging Markets & The Benefits of Manufacturing in Cambodia (2:00PM - 2:30PM)Edmond Lim, Project Head, Cambodia PropnexInvestment Opportunities in Chroy Changvar (2:30PM - 2:45PM)Leang Ki, Sales Manager - Highland CondominiumOpportunities for Investment in the vKirirom Project (2:45PM - 3:00PM)Takeshi Izuka, President of vKirirom ProjectSihanoukville Rising: Cambodia’s Coastal Development (3:30PM - 4:15PM)Christophe Forsinetti, Chief Operating Officer KC JSMRealise the Untapped Potential of the Indochina Property Market (4:15PM - 4:30PM)Johnny Chan, Sales & Marketing Director at Creed GroupManaging Your Asset: Property Management Considerations for Investors (4:30PM - 5:00PM)Simon Griffiths, General Manager for Asset Management Company Metro GlobalCross Border Data Penetration and Market Verticals for Real Estate (5:00PM - 5:30PM)William Lai, Principal Consultant at SC CapitalDownload the full schedule here.The Cambodia Real Estate Show is on this week!Friday and Saturday, 5&6 May @Nagaworld Hotel (Grand Ballroom Level 2), 10:00AM -> 6:00PM.+ 20+ new projects on show+ Educational seminars from leading economists, agents and lawyers+ Win international flights from Cambodia Angkor Air+ Exclusive car test drives with Porsche and Mercedes.FREE ENTRY - NO REGISTRATION REQUIREDBring your friends, family and network to Cambodia’s one and only Real Estate Show, powered by Realestate.com.kh!REGISTER NOW FOR SHOW UPDATESNEED MORE INFO OR ASSISTANCE: +855 17 436 756 / +855 69 436 756 info@realestate.com.khFind the best real estate news on Realestate.com.kh

Minister of Transport Truong Quang Nghia, and Sun Chanthol, Minister of Public Works and Transport, Cambodia on April 25 signed a memorandum of understanding on construction of HCMC - Moc Bai and Phnom Penh - Bavet expressways.This memorandum is part of the four important documents signed during the official visit by Prime Minister Nguyen Xuan Phuc visited Cambodia on 24 and 25 April. A distance of 65 kilometers from Ho Chi Minh City to Moc Bai international port will be built by the Vietnamese side, while Cambodia will implement the 130-kilometer Phnom Penh - Bavet section with funding to be provided by Japan.Cambodia and Vietnam have agreed to jointly invest in the highway linking Ho Chi Minh City and Phnom Penh in order to facilitate road transport between the two countries.The high-way road will play a significant role in the connection to the regional economy and in particular to facilitate international trade and in particular the ASEAN Community.The two countries also agreed on a partnership in infrastructure development in recent years to connect two bridges of the respective countries:  Thom bridge and Long Binh bridge.For up to date news and information, visit our news section at Realestate.com.kh now.

Despite the huge growth in the Cambodia real estate industry, there are still many operators that are conducting real estate scams and misinformation for a quick profit. Here is a list of the most common scams in the market, thanks to Realestate.com.kh. If you ever think you might be getting scammed, seek professional legal advice!Property in Cambodia: scams to avoidFalse owner:This scam involves someone pretending to be the owner of a property. These properties are mostly vacant properties. What you can do is ask or have someone ask the neighbors and village chief about the property and its history and owners. Then cross-check whether there are discrepancies with their stories and the seller’s story. Again, a title check is crucial – if the owner can’t produce the title, something is wrong. Go to the relevant authority and find out whether or not they are the real owner before you give them any money.Pre-selling Scam:This is when a so-called developer advertises a new project and collects money that they say they’re going to use for construction, and then they suddenly vanish into thin air. This might be a landed housing project, a borey project, a plot land venture or a condo development.This can be avoided by doing a thorough background check on the developer’s previous projects. Trusted developers usually already have a good track record. Note, this doesn’t necessarily mean that new developers are scammers.You can also try looking for news articles regarding the development project from major and trusted publications. They mostly indicate prior achievements by the developer and whether it’s been approved or not. Take note though, positive media coverage should not be relied upon solely – as it is not full proof.You can verify with the involved ministries as well – such as the Ministry of Land Management, Urban Planning, and Construction – if there are any approvals and certifications in place for the developer. They should have a company license for their development company. They should also have a master hard title for the land on which they are developing, a license for the development including a master plan of the full development from start to finish, and they should have a construction license. If the developer won’t present these things when asked, this is a clear warning sign. If you can’t buy with a hard title, or a strata title for high rise units, this is a clear warning sign.Want to learn more about how you can make money by investing in real estate wisely? Get on Realestate.com.kh today, the best source of information for property buyers & Sellers in Cambodia.

After breaking ground in March this year, foundation works on the 5-star condominium The Penthouse Residence are complete with basement and structural works following.Located in the heart of Phnom Penh’s fast-growing riverside commune along Sothearos Boulevard in front of Sofitel Phokeethra Hotel and Aeon Mall, The Penthouse is built to international standards and with the latest, innovative building technologies and materials. These ensure quality, beauty and the guaranteed delivery of a comfortable lifestyle.Unlike other developments that don’t usually reveal the details of construction and materials, this USD110-million project is purposely transparent to gain customers’ confidence.  According to the developer The Penthouse Residence Co., Ltd, this 36-storey project’s architectural plan is designed by HOKO Design and Build Co., Ltd with the interior designed by Italy-based Sangiorgio. Follow the building code, American Concrete Institute Standard (ACI), the building will utilise a reinforced concrete frame for its structure while the walls will be installed using reinforced concrete, masonry bricks and light weight blocks or glass to minimise the load on the building.Residents of its 458 units will enjoy the comfort of living with generous ceiling heights from 2.6m to 2.8m and the ceilings will feature plasterboard with skim coat and emulsion paint. While windows are equipped with powder-coated aluminium frames, a variety of high quality materials are used for the doors. For the main entrance, solid timber and medium density fibreboard doors will be installed. Hollow core timber doors are designed for the bedrooms and bathrooms. The balcony door and other doors will be applied with powder- coated aluminium frame glass sliding and/or swing.Flooring is among the major elements in the residence the developer has prioritised. Separated flooring tiles are fitted in various locations around the residence. For the entrance foyer, living, dining, internal corridor and utility areas, homogeneous tiles with skirting will be applied. The kitchen is designed with homogeneous tiles while the homogeneous tiles and/or ceramic tiles with a waterproofing system are for the bathrooms and the balconies. Ceramic tiles (wooden style) will be specifically designed for the bedroom.For the wall finishes, plaster and/or skim coat emulsion paint will be applied in the foyer, living and dining rooms, all bedrooms, internal corridors, and utility and storage areas in the unit. As homogeneous tiles will be designed for all the (full height) bathrooms, homogeneous or ceramic tiles will also be applied to the kitchen walls between the counter tops and upper cabinets.Wall-mounted air-conditioning units are installed in each unit. For the sanitary fitting, there will be 1 shower mixer with hand shower, 1 vanity counter with mirror, 1 water closet, 1 towel rail and/or robe hooks and 1 bathtub for the master bathroom (depends on unit type). The common bathroom will be equipped with 1 shower mixer with hand shower, 1 vanity counter with mirror, 1 water closet, 1 towel rail and or robe hooks.Besides, there are also additional features. The kitchen cabinet is integrated with hob and hood along with electrical induction hob.To ensure the highest construction standards, lavish decoration and comfort for long-lasting value, The Penthouse Residence has partnered with many well-recognised construction suppliers. The bathroom equipment will be supplied by world class brands such as Grohe and Hafele from Germany, Cotto from Thailand, ToTo from Japan as well as American Standards, which will all provide nothing but the very best functional and long-lasting products. These high standard fittings help ensure the project’s safety and builds trust among customers, now and in the future. In August 2016, the developer also partnered with CPAC by SCG Thailand to supply CPAC’s high quality materials to the project.With the swift construction work, it is expected that this project will be finished before the end of 2018 within its deadline. The properties offer four unit types, i.e. 242 Comfort (Studio) units with price ranking from $92,000; 92 Suite (2-3 bedrooms) units with price starting from $134,000; 94 Embassy (2-3 bedrooms) units with price from $172,000; and 14 President (3 bedrooms) units with price from $272,000. Containing 16 units, Richmond (Penthouse) (2, 3, 4 bedrooms) unit is the most expensive residence with price from $290,000About 65 percent of the units have already been sold with the expectation that over 85 percent will be sold by the end of this year, stated Ms.Sunna Lee Marketing & Sales Director of The Penthouse Residence.“The Penthouse has been one of the best-selling condominium projects in Phnom Penh so far due to its prime location, best quality, and reasonable price,” they told realestate.com.kh, adding that, “The Penthouse Residence will offer both great quality and value in the real estate market. At the moment, we are also offering a 3 percent discount for those who decide to book our condominium unit today. With facilities such as the first revolving restaurant on rooftop, 10 level of parking space and Guaranteed Returns of Renting (GRR) will also be offered at 6 percent per year or 18 percent for first 3 years, you can’t really go wrong with The Penthouse Residence.”Click here for more information on The Penthouse Realestate.com.kh

The Digital Classifieds Group (DCG) is excited to announce its recent acquisition of www.Yula.la, the leading general classifieds website of Laos.Created in December 2012 by French national Christophe Eyquem and his Laotian wife Kimthong Luangvilay, the site has grown to become a trusted brand for online shoppers in Laos and the most trafficked site of its kind in the market. The site hosts the largest collection of real estate, automotive, electronics, and general product listings currently online in the Lao People’s Democratic Republic.DCG acquired a majority stake in Yula.la in March 2017, while the founders, Eyquem and Luangvilay, have remained minor shareholders of Yula.la and will continue to contribute their market knowledge and technical expertise to the business.Mathew Care, CEO and Director of the DCG Group, notes that, “Laos offers an extremely exciting new market for us – with fast growing Internet penetration rates, consistently high GDP per Capita growth and strategically located alongside Cambodia, another market in which we have risen to become a strong player in the online classifieds sphere”.“Furthermore,” continued Care, “we are extremely pleased to have formed a partnership with Christophe and Kimthong moving forward into a new phase of growth for Yula.la. As with all our ventures in all of our markets, we clearly understand the strategic advantage of working closely with local partners”.Eyquem, co-founder of Yula.la, said, “I am pleased to join such a dynamic group as DCG, and have found the right partners with the experience of the board of directors and management. Working with directors such as Tim White, ex-CEO of leading Australian real estate portal, www.allhomes.com.au, is a truly exciting prospect”.“Myself and my wife, Kim, have created Yula.la to provide a fast, easy and very simple way for people in Laos to buy and sell online. Since the launch in 2012, we have seen a steady increase in traffic and user engagement, and we always wanted to see Yula.la grow to the next level. I am confident that the experience and capital support of DCG will help Yula.la to maintain its leadership across the Laos online space”, concluded Eyquem.New Zealand national, James Whitehead, currently director of content of Realestate.com.kh, DCG Group’s market leading real estate portal in Cambodia, will direct the Yula.la operations in-country in Laos, transferring from Phnom Penh to Vientiane mid-way through 2017.Digital Classifieds Group (DCG) is based in Australia with a portfolio of South East Asia and the Pacific’s leading and fastest growing online classifieds portals, reaching over 30 million users per year via both general classifieds and real estate classifieds websites.Find the best real estate news on Realestate.com.kh

Last Friday 7th of April, Oxley Holdings and WorldBridge Land (Cambodia) Co., Ltd., the Singaporean and Cambodian joint venture partners of “The Peak” and “The Bridge” mixed-use developments in Tonle Bassac, hosted a Khmer New Year celebration party to announce a successful year for the company at the Raffles Hotel Le Royal, Phnom Penh.Oknha Rithy Sear, Chairman of Oxley (Gem) Cambodia Co., Ltd., spoke at Friday evening's event, stating that, “This past year has been filled with milestones for our company. The topping out of our first major project in Cambodia, The Bridge, and the strong sales and construction progress of our second major mixed use development, The Peak.”“For this reason, we decided to organize a small event to celebrate the Cambodian festival season and the upcoming Khmer New Year. I would like to thank everyone for their attendance and wish you all a year full of health and prosperity,” continued Oknha Sear.The Bridge “topped-out” in December 2016, celebrating the completion of the last stage of structural construction for the project. Oxley Holdings and Cambodia’s WorldBridgeLand have committed more than $300 million of investment into The Bridge project, which is expected to complete and deliver to its buyers on time by the year 2018.The Bridge complex, overseeing Diamond Island and Bassac River, was a first-mover in the Phnom Penh prime condo, commercial and retail space market, and has recorded impressive sales numbers. Meanwhile, the developer is currently working on their second project, The Peak hotel mixed-development located approximately 50 meters from The Bridge. The Peak is set to be completed by 2020.  Click here for more information on The Peak Realestate.com.kh

With strong growth prospects and a boom in the real estate and construction sector, more and more investors and developers are shifting their investment towards the Cambodian market.To showcase the leading development and investment opportunities that Cambodia has to offer, Realestate.com.kh is organizing the Cambodia Real Estate Show. The show will be held on the 5th and 6th of May 2017, at the grand ballroom on the second floor of the NagaWorld Hotel, Phnom Penh. NagaWorld is Phnom Penh’s only licensed casino, and the #1 destination for regional investors staying in Cambodia.The event will invite thousands of local and regional property investors, and help these property seekers understand how to safely invest in this exciting market.With the help of its strategic media partners, Realestate.com.kh is extensively promoting the event locally as well as internationally, to attract all the potential investors of the ASEAN region and mainland China. Official Media Partners of the event are: Business Cambodia, Bizkhmer, Khmernavi/Enjoy Cambodia, Sin Chew Daily, B2B Cambodia, Amcham, Britcham, Cambodia Constructors Association (CCA), Cambodian Valuers and Estate Agents Association (CVEA), PropertyGuru, Property Report, Asian Property Review, PropertyGuru International, Juwai.com, the Khmer Times and La Reine.Thus far, the Cambodia Real Estate show already has over 1500 people registered to attend the show, all of which have registered through our English and Chinese event pages with their phone number and email addresses. A further 1300+ 'interested' in attending on the facebook event page. Being a free event to attend, these numbers are very promising. Additionally, a substantial influx of attendees is expected to come from  within out venue, NagaWorld - as in-room advertising and banner displays advertising will be done during the event days.This event will feature local and international developers, as well as related business with a focus on the property sector and a high value audience. The event is sponsored by Last Mile VR, Seara Sports and Ezecom; and some of those who have already booked their space are: Camhomes/HLH Group; Habitat Condo; Royal HM Trading; Sky31 Condo; NC Maxworld Real Estate & Development; Core PPSEZ; VKirirom; HighLand Condo; GRED/ One Park; Parkway Condo; Elements Condo; Golden One; SC Capital; SkyTree Condominium, Porsche, Mercedez-Benz and Sing Meng Telemedia.During the two days of the Cambodia Real Estate Show, insightful seminars will be run by renowned experts of the industry, including: Sok Siphana, Managing Partner at Sok Siphana & Associates and a member of Zicolaw; Matthew Rendall, Senior Partner at Sok Siphana & Associates, a member of Zicolaw; Anthony Galliano, CEO of Cambodian Investment Management; Jasper Shin, Developer and Real Estate Agent Consultant; Christophe Forsinetti, Chief Operation Officer at JSM Indochina; Simon Griffiths General Manager at Metro Global Pte Ltd and Takeshi Izuka, President of vKIRIROM; Athanasius Pang, Brand Principal, DL Edvance; Jo Chua, Head of International Developers Business for PropertyGuru Group; Benny Tan, Principal Consultant at SC Capital; Tom O’Suvillivan, CEO at Realestate.com.kh; William Nai, Principal Consultant at SC Capital.The Speakers will cover different topics, and all participants will have the opportunity to learn about the following:Economic Growth Prospects in Cambodia, The gateway to the ASEAN Region.vKIRIROM Project DevelopmentForeign Ownership in Cambodia: Regulations and PracticeIntegrating Security to Increase Property ValueTax for Investors: Real Estate Tax Considerations for Cambodian Property OwnersHow Singaporean Investors View The Cambodia MarketThe new Landscape of Property Management in Phnom PenhConsumer Trends in the Cambodian Real Estate MarketIndustrial property & SEZ Investment in Emerging Markets & Benefits of Manufacturing in CambodiaInvestment Opportunities in Chroy ChangvarSihanoukville Rising: Cambodia's Coastal developmentInfrastructure Developments in Cambodia: An emerging hub for ASEAN investorsManaging your Asset: Property Management Considerations For Investors.Cross Border Data Penetration and market Verticals for Real EstateAdmission will be free for all the attendees, so don’t miss out!Register here for FREE:For sponsorship or exhibitor opportunities:Find the best real estate news on Realestate.com.kh

On 8th April 2017, Creed Cambodia, the biggest Japanese developer in Cambodia has celebrated ‘’ The Handover Ceremony” for its Borey Maha Sensok’s buyers at construction site which is located on Plov Wat Tang Korsang, Sang Kat Krang Thung, Khan Sen Sok, Phnom Penh, and 3 kilometers from Phnom Penh International Airport. The Handover Ceremony was attended by Mr.Eguchi Takashi, President of Creed Cambodia, Mr. Kato Shuji, Construction Director of Creed Cambodia, and many distinguished guests.Borey Maha Sensok is the second residential development project by Creed Cambodia after their first condominium project, Bodaiju Residences. Borey Maha Sensok is covered approximately 12 hectares of land size, consists of 665 units of flat houses. The flat price start from $49,500 onward. Currently, Borey Maha Sensok successfully sold out more than 85% of whole project and first block of houses will be available to reside by this month and expect to finish the project by end of 2017.On the ceremony date, Mr. Eguchi Takashi, President of Creed Cambodia expressed the appreciation for customers that have strongly support Borey Maha Sensok Project: "On behalf of Creed Cambodia, we would like to thank to all our customers who strongly believe and purchase Borey Maha Sensok with trust of our company. Without support from our buyers, Borey Maha Sensok will not have this success."Moreover, Construction Director of Creed Cambodia, Mr. Kato Shuji has delivered an inspection speech about the feature points of Borey Maha Sensok that urge customer to trust and purchase our units. The three pillars of Borey Maha Sensok projects are: Health, Ecology and Safety. These concepts are indispensable to Japanese residential development. He also added the attraction points of Borey Maha Sensok about the facilities provided inside the Borey including Exterior gym, Foot Message Path, and Tree Trunk Path, Eco-Friendly lighting system, Solar Power, Street Lights and etc. Besides the facilities inside the Borey, he also mentioned the materials using to build the house, ‘’We’ve tried to use fine international brands as many as possible to keep our construction quality such as Schneider brand for electric breakers, switches and power plugs, SCG Elephant for Water and Sewage pipes, a famous painting from Singapore brand of ICI Paints, and Srun Mong, K-cement and Camel. For concrete.’’On that occasion, Mrs.Cheng Sokha, Deputy sales & marketing director added that Borey Maha Sensok is one among of numerous projects in Southeast Asia which is developed by Creed Group, a Japanese real estate firm specialized in principal investment and property development. As time passed, Creed Group has been investing in Malaysia, Cambodia, Vietnam, Myanmar, and Bangladesh since 2012, and investment amount is USD 340 million at the end of 2016.For more details about its coming project, please contact to 023 900 661 or check out its Facebook page: Creed Cambodia.Please find out new development in Cambodia on Realestate.com.kh

Sihanoukville has been known for its fine sand, beautiful sunsets, and its refreshing waters. It’s the perfect place to escape to, and until recently that was about the only thing that people thought the area was good for. They soon found that the area is also dynamic in more ways than one -- crossing over to different industries for multiple purposes.Considered to be the Next Boom Town after Phnom Penh, Sihanoukville is gearing up with new developments and projects from key economic pillars -- tourism, oil & gas,and port sectors.But what are these new developments and why is everybody getting so worked up on moving or investing in Sihanoukville? Realestate.com.kh breaks it down for you.TourismThere’s no doubt that tourism in the country is growing. Sihanoukville is probably one of the areas that’s going to be feeling this the most. In fact, around 1.5 million tourists went to Sihanoukville just last year alone. And with the Sihanoukville airport set to become Cambodia’s largest airport, more regional airlines will be flying directly to Sihanoukville from various international locations too.Another airport not far from the city will also be built by the Grand Union Group whom just recently received permission for its construction.With the addition of these new and upcoming flight routes, the number of new luxury hotel developments have also slowly started to increase. Among them is the Six Senses Krabey Island, which is set to open this 2017.Other than airports contributing to the area’s foot traffic, a new highway from Phnom Penh to Sihanoukville is also underway. The project will be accomplished by a Chinese contractor and is slated to reach completion by 2020. This will become another avenue for travelers to access the humble beach town for relaxation and unwinding.But even with all the new developments rising, the Department of Tourism is still actively seeking ways to increase visitors volume in the area. That’s why it partnered with the Asian Development Bank to fund a research that would determine socially and environmentally safe ways to enhance and develop the area’s natural resources to attract more tourists.In relation to the actions that will be brought about by this research, the Department of Tourism expects a rise in the number of yearly visitors to 3 million by the end of 2020 -- 1 million international tourists and 2 million local tourists.Another positive thing that’s taking place in Sihanoukville is the government’s intervention in order to stabilize prices, especially within the hospitality and transport industry. Part of this process is the continuous discussions with owners and the staff of hotels and other accommodations to prioritize quality and the importance of setting up reasonable rates.But while tourist accommodations are geared to lower prices to make it more sustainable, the government has ordered operators and owners of servicing ferry boats in the area to increase the ticket prices to $20 from just $15 to promote business growth and stability.There is a great potential to carryover this tourist traffic into the residential market. This is what forerunners D’Seaview saw earlier on in the area’s development, giving them the advantage to strategically place their condominium just a kilometre away from Sokha Beach, one of Sihanoukville’s most beautiful beaches -- capturing one of the most beautiful views at one of the most convenient locations in the area.Residents can use the growth of Sihanoukville’s tourism to generate additional income on their own by renting their units out for some great rental return rates: and impressive 30% over 3 years at 10% a year, to be exact. Find out more about D’Seaview Development and your return on investment.PortOther than the above-mentioned highway connecting Phnom Penh to Sihanoukville for tourist accessibility, it will also assist a number of companies in terms of logistics and transporting items to and from the sea port more efficiently.It was announced back in December of 2016 that Cambodia’s only deep water sea port, the Sihanoukville Autonomous Port, already received its first shipment of rubber-tyred gantry cranes from Japan. Its total investment cost was $22 million and will help towards expanding the container throughput capacity of the seaport by 80%.The Sihanoukville Autonomous Port Chairman Lou Kim Chhun explains, “The new machinery will increase the port’s capacity to 700,000 TEUs.”Now, because the port’s capacity is expected to increase, the Government has also asked for the assistance of Japan International Cooperation Agency to study the possibility of constructing a new multipurpose seaport. Once approved, the government plans to spend around $300 million on its construction. The government expects this to help make shipping cost-efficient as outbound cargo shipments no longer have to dock in Singapore just to be loaded onto bigger ships.Oil & GasEarlier last year, one of the biggest Cambodian investment conglomerate, the Royal Group, was in discussion with two foreign state-owned petroleum companies -- Indonesia-based Petramina and another unnamed Chinese company -- regarding the possibility for an oil pipeline running the length from Sihanoukville to Phnom Penh.Though an update is still to be released regarding the project’s fate, the development will aim to utilize Cambodia’s downstream capabilities. This will then allow for the creation of an oil refinery plant and an electricity-generating plant.But the construction of the first oil refinery plant of the country will come sooner regardless of the oil pipeline, if everything goes well. A $3-billion oil refining plant is being built already in 390 hectares of Sihanoukville land. It is expected to reach completion by the end of 2018. It will be the product of the partnership of the Chinese-owned CNPC Northeast Refining and Chemical Engineering and the Cambodian Petrochemical Company (CPC).He also said that waste materials produced by the refinery will be utilized for the production of tires, fertilizer, and other products for the Industrial sector. In addition, the Steung Hav SEZ in Sihanouk is also licensed to build another deep sea port in the near future. The said expansions and deep sea port construction is effectively reducing the shipping costs for industrialists in Sihanoukville, and will act as a further boost for its development.It looks like all the spotlights are on Sihanoukville and that it has all it takes to become the new goldmine for investments.  Luckily, pioneers like D’Seaview Condominium, offer the ideal investment opportunity, and have decorated Sihanoukville’s skyline with their state of the art architecture, amenities, and facilities. Investors would do well to follow suit by getting a piece of their own Sihanoukville property as anticipation for what is about to come. This is because there remains to be an abundance of opportunities in Sihanoukville for key sectors, if not more.Explore the marvellous design and architecture of D’Seaview condos in details here.If you are ready to make your dream of owning a luxury development come true, here are some brilliant news: Maybank will allow you to loan up to 70% of the property purchasing price for local Cambodian and up to 50% for international buyers. Read more about your loan options here.It looks like everything is telling you to go invest in Sihanoukville and nothing is hindering you to do that!All geared up for the Khmer new year, D’Seaview will be holding an event on 14th, 15th and 16th April 2017 in its Sihanoukville sales office at the 2 Lions roundabout in Ekareach Street, Sihanoukville, Sihanouk province! Everyone is welcome to join the said celebration and may even get a chance to avail of a special promo that will surely make their new year happier!Find out more news about Sihanoukville on Realestate.com.kh now!

With Cambodia’s growth as an emerging economy in the global market, it is inevitable for new technological advancements to also penetrate through to different industries. One such industry though is the transport sector, where the country is slowly trying to catch up with its neighbors – specifically, in terms of transportation booking apps for mobility. But is the market really open to welcome new players in the industry or is it getting too crowded?Who’s willing to take a risk?While UBER may be a global phenomenon for bringing ease and comfort to millions of people worldwide, it’s not the first of its kind to actually spring up in Cambodia. Previous startups have given this a go. These include Choice Taxi, Exnet Taxi Cambodia, PassApp Tax, and iTsumo. But the company doesn’t seem any bit fazed.Just recently, David Van – Managing Director of Bower Group Asia – brought UBER representatives to meet with Cambodian Minister of Public Works & Transport Sun Chanthol to discuss proposals for their future launch. Although no details have been given yet regarding the official date of the launch, it looks like the company is in full gear to do it soon because this news comes only a two months after UBER’s first meeting with the Cambodian Minister of Commerce Pan Sorasak.UBER CambodiaThe company may be coming in full force, but there are also concerns of UBER eventually collapsing, especially with news of them having pulled out from China in exchange for a 20% holding in its competitor’s company, Didi. CNN also reports that UBER is pulling out from Denmark as well. If that’s any indication, then UBER may have troubles with the Cambodian Market.Despite this, a post from the ministry of Commerce Facebook page says “Mr. Chan Park and Mr. Brian Shroder, the representatives of American worldwide online transportation network company called ‘UBER’ said that they were very impressed with Cambodia’s new market. But at the same time, they need to understand more about economic situation, people’s living standard, and other challenges first.”How will people accept UBER?According to Masahito Ambashi, Economist for the Economic Research Institute for Asean and East Asia, mentioned “UBER is famous internationally, including in Cambodia. Consumers may try its services, as they are different from those of locals. If such trends occur, a bandwagon effect could be expected.” And this could ultimately lead to UBER’s success.In line with this, Ambashi adds that “more wealthy middle-income groups – which can afford to enjoy service consumption – are certainly emerging in Cambodia.” This means that the number of people who can afford UBER rides are also increasing.The other question remains, can Uber challenge the local tuk tuk market? Tuk tuks are everywhere in the major cities of Cambodia and are never far away from people in need of transportation for very low prices.The great thing about emerging markets is its potential for growth. But along with it comes the risks investors have to take because its regulations and laws are not fully developed yet. So, whether UBER Cambodia succeeds or not will fully depend on how well they did their study and how well they market themselves to the people of Cambodia.Find the best real estate news on Realestate.com.kh

Samdech Techo Hun Sen Boulevard has been officially launched this morning, April 3, 2017 in the honorable presence of Samdech Techo Hun Sen.Samdech Techo Hun Sen Boulevard started constructing in March of 2011 under ING Co., Ltd. This Boulevard connects Route 271, Chromos Chrouk (Kbal Tnol), the Boeung Tompun wetlands, and National Road  No. 2 in Takmao City, Kandal province.The Boulevard is considered the largest public road in the city, with a total length of 9,160 meters. Its construction is expected to improve traffic overall and to make travel from the outskirts of Phnom Penh to Kandal easier.Infrastructure has become a major focus point in the development of related real estate in the area and its land prices. Mr. In Setha, CEO of real estate website www.cambodia21.com said, "The price of land there has increased compared to the last few years from when it was just land area and lakes. Nowadays, it holds great potential. Land prices from Road 271 to the international school project ISPP range from $750 to $850 per square meter, and the value of projects from Connor around the International School ISPP to National Road No. 2 range from $200 to $350 per square meter "He added: "Because of the development of good infrastructure and development projects, housing developments like The Element condo project, the residential Woodland project, Borey Peng Hout and Chip Mong are already planning to go there."Development to the south is the best choice for the development of Phnom Penh city. In fact, infrastructure developments like these ease traffic congestions and improves the standard of living around the area. Overall, this is geared towards sustainable development where what once just a lake will become the region’s main trade and investment location.For up to date news and information, visit our news section at Realestate.com.kh now.