Today we are at the “TK Royal One” showroom on Russian Boulevard with Mr Chenyi Chiu, General Manager at TC Royal Manor Asset Management. We will learn more about this exciting project.Tell me about the location:TK Royal One is located in the prime location of Phnom Penh city center right on the National Russian Blvd in front of the Royal University of Phnom Penh. In the center of Toul Kork district, TK Royal One is surrounded by various facilities, retail shops, financial institution, schools, hospitals and government agencies which really offer very convenient lifestyle for foreigner and local people. Who is this development for? What sort of buyers?TK Royal One is a class A mixed-use commercial and residential high-rise building in downtown Phnom Penh. The development targets not only the international investors but also local Cambodian who are looking for the modern work and life style with safety and privacy.Talk me through the main features, why should a new home buyer consider this development?TK Royal One is designed with a mixed-use concept with 4 stories of office units, 14 stories of residential units, 4 stories of plenty basement car parking and more than 2000m2 of common facilities including swimming pool, fitness center and hotel like reception lounge. This rarely seen building in the downtown center provides not only the convenient modern lifestyle but also provides the excellent safety and privacy feature for the home owners who.What is the quality of the builder, architect, finishes?TK Royal One was developed, designed, constructed and managed by a group of experienced global team from Taiwan, France, American and Korea. The construction of TK Royal One follows the international standard in terms of structure, fire fighting, mechanical & electrical system and construction safety. Besides that the exterior and interior finishes is designed with modern serviced apartment concept. What types of units are available, at what price ranges?There are only 3 types of residential units available with luxury 2 bedrooms, standard 2 bedrooms and elegant one bedroom ranging from 60m2 to 128m2 starting from $190K per unit.What investment potential is there?Investment in Cambodia is currently at right timing under its fast GDP growing period. With the fast growing foreign direct investment (FDI) from global investors, the Capital Phnom Penh is now transforming into a modern city which will have high demand of modern high-rise building. TK Royal One offers right for the demand for local and international investors.How are the sales to date?Right after our sale launched in March, 2015, within 3 months, all our office units were sold out. And up to now, our residential units only standard 2 bedrooms are still available. We have proved to the market that our project has gained the trust and reputation from the international investors and local buyers. What is the one question I should have asked you about this development that I haven’t?Why the building with international grade is so valuable to TK Royal One and the high-rise building market in Phnom Penh?Although the high-rise building market just get started since 2010, the increasing population from overseas and local in Phnom Penh has created the high demand in the high-rise building market. However, there are very rare high-rise building currently available in the Phnom Penh meeting the international grade and standard. The high-rise building with international grade and standard not only defines the future value of the building but also offers the real safety to the homeowners or tenants. TK Royal One is the now leading project in Phnom Penh which truly offers the international grade features. With this, TK Royal One has established a great model and example for bringing the Cambodia high-rise building market sector to the next level.Thanks for joining us, and check out the full listing on Realestate.com.kh today.

Having received a recommendation from H.E. Chea Sophara, Minister of Land Management, Urban Planning and Construction, the Cambodia Constructors Association (CCA) in collaboration with the Ministry of Urban Planning and Construction will pioneer a regional tour study in order to learn and gather more experience from neighboring countries, such as Thailand and Vietnam, regarding construction worker rules and regulation, on-site safety standards, site management and security. The intention is to learn from experience and raise the market standards in Cambodia.The purpose of this visit is as follows: 1. A study tour by bus, which will be attended by the managers, supervisors, engineers and designersof active construction and real estate companies in Cambodia. The mission is to observe and monitor new technology, and construction and site management in the Cambodian provinces bordering Vietnam and Thailand. 2. To get experience and exchange ideas about the construction sector between private and public institutions, from Cambodia and neighboring countries, with follow up meetings every 3 months to track progress. Participating members can pick up knowledge on different subjects or technical challenges associated with construction using new technology. The experience of each company that is shared during this tour and following meetings will contribute to the development of the country's construction sector, and ultimately allow it to become more abundant and sustainable into the next years. It should also benefit the well-being of those who work in this industry, whether management or construction worker on site. If you or your company interested in joining this tour, please contact us Mr. Vutha today on Tel: (855) 60 888 944 | 10 94 76 40 or Email: vuthatim01@gmail.com

Realestate.com.kh caught up with Mr George Kachmazov, founder and managing partner of Tranio.com, an online overseas property start-up. Kachmazov is a respected real estate and investment expert, as well as a keynote speaker at many national and international property conferences, and regularly contributes to print and online media with insight on real estate trends and advice for first-time investors. We know there is a large population of Russians in Cambodia. Are Russian's interested in the Cambodian property market now? If not yet, what might be attractive about Cambodia for property investment for Russian buyers? It’s true that there are many Russians who spend winter seasons in Southern Asian countries, including Cambodia, Thailand and Vietnam. Many of them rent out their Russian apartments and rent homes in Asia. We have had enquiries for apartments and townhouses in Sihanoukville in 2013–2014, but demand on Cambodian real estate is very low compared to other countries.There are several things that might be attractive about Cambodian property: low taxes, low prices, relaxed lifestyle, friendly people, new experiences. There are Russians who see drawbacks, though: lower market transparency (compared to Europe) and Cambodian property ownership restrictions for foreigners (they are not allowed to own land).What other ASEAN regional countries are attracting attention from Russians? We see interest in Thailand and Vietnam. In the whole, ASEAN countries are more popular among far-eastern residents of Russia because of the distances. For example, our research shows that people from the Vladivostok region (east of Russia) are three times more interested in Thai property than Muscovites who prefer to buy property and spend holidays mainly in Europe because it’s closer. How can a Cambodian property seller make their property more attractive to potential Russian buyers? what features are they particularly interested in? what terms of sale etc?Be trustworthy and convincing. Russians are often skeptical and ask for substantial facts and proofs. They tend to be in doubt: “Why should I work with this seller? Should I purchase this property or wait until I find something better?” This often results in prolonged or delayed transactions. Also a Cambodian property seller needs to be open and transparent, because Russians are afraid of scams. If you sell residential property for buyer’s own use, sell lifestyle and emphasise aspirational features of a property and location. Unlike many Westerners, Russian buyers tend to buy more on emotion and less on price. As for features, Russian lifestyle buyers prefer houses and apartments in a close proximity to beaches, and sea view may be demanded. Do support and advice at all stages.   What are the most popular locations for Russian investing overseas?Judging by the number of enquiries on Tranio.com in Q1 2016, the most popular countries are Spain, Germany, Italy, Montenegro, Czech Republic, Finland, Austria, Hungary, France and Slovenia. Spain has maintained absolute leadership during the last several years, and buyers stay attracted by relatively cheap property (prices dropped by 40% in seven years), sea and warm climate. Germany, strongly placed as number two, is preferred by those of our clients who want to invest in rental real estate, diversify investment and protect capital from Russian risks. What type of properties are they Russians usually seeking abroad? A big proportion of clients buy apartments by the sea for their own use – either to spend holidays overseas or to move permanently. This kind of buyers are active in Spain, Italy, Montenegro, France and Turkey. Since 2014, we are working closely with clients who want to invest in real estate rather than spend money on holiday villas and flats. This kind of buyers tend to purchase residential property to rent it out (according to our research conducted in 2015, 63% of respondents in commercial property market choose rental apartments). Mini-hotels are also popular (21% of respondents), as well as rental blocks of flats (16%).What are some facts and figures on total outward investment in property by Russians?Investment into overseas property was gaining in popularity since early 2000s. 2012–2013 showed a considerable increase in the number of Russian-speaking clients. In many countries, including Spain, Bulgaria, Latvia, Turkey and Montenegro, Russians took leading positions in the residential property market. But after 2014, when the ruble had plummeted, investment volumes decreased dramatically. In 2012–2013 Russians invested in property overseas more than 400 thousand dollars every three months, and in 2014–2015 about half as much. According to the Russian Central Bank the volume of transfers was down 30% year-on-year, checking in at just 199 million dollars, compared to 281 million dollars in Q1 2015 and 484 million in Q1 2014.Not only is the investment volume is shrinking, but so are buyer budgets. On the other hand, we have noticed a growing demand on investment property, particularly in terms of income-generating buy-to-let residential and commercial premises. Also our clients become more and more interested in development projects.What are the key motivating factors for outward real estate investment for Russian buyers?Five-six years ago, Russians were motivated by a “superplus” of money, they had enough liquidity to invest into seaside resort villas and enjoy European lifestyle. Between early 2014 and May 2016, the US dollar rose against the Russian ruble by over 80%. So, property overseas became much more expensive for people who earn income in rubles. The main motivations for Russian buyers now are extremely low mortgage rates in Europe and opportunities to invest money into safe, low-risk markets. Why is online marketing so important for international property buyers?According to National Association of Realtors of the US, three quarters of buyers start searching for property by looking at Internet listings. Word of mouth simply isn’t enough, every real estate company has a website, and it’s essential to promote it and raise its visibility in search engines so that potential buyers would be able to find it among thousands of other sites. Since 2014, we’re promoting the English version of our website, Tranio.com. Today at least 5% of our audience are clients from Europe, Asia, America and the Middle East, and their share is constantly growing.Tell us more about Tranio: Tranio is an international real estate broker. We help our clients buy and rent property directly from foreign agencies and developers without extra charges and unnecessary intermediaries. We are not just a real estate website because we provide support and advice at all stages of selecting and buying a property, and we are not a traditional real estate agency either, because we have about 500 partners all around the world, and we do not favour any particular agency or developer at the expense of the others. Also we publish news and reports on property overseas and give an expert advice. In 2013–2016, we closed 500 deals. How long has Tranio been around? What inspired it? We’ve been on the market for six years. After my family had bought a second home in Croatia in 2010, I had an idea to create a real estate business. I saw potential in this segment, as there were many clients, a lot of interesting products, and low competition in Russia compared to the vast market capacity. We started to design and develop the website in 2010, and launched the full working version in March 2011. At first, we planned to monetize the website the same way most real estate sites do — by selling advertising and paid listings. But very soon we disliked the idea because abundant advertising always makes a website less user-friendly and lowers its quality. In 2012, we changed the mode of monetization and became a mix of Internet portal and real estate agency. We were selling second homes by the sea and helping people spend their money on lifestyle. In 2014, we launched the English version of our website, started working with international clients and sell buy-to-let commercial property. The change in business strategy helped us not only survive the crisis but also rise sales volumes despite decreasing demand on real estate overseas. As the crisis hit the Russian market in 2014–2015, we changed our strategy once more. We saw investors rising their yield expectations as yields were falling gradually in every European country due to high demand and relatively low construction volumes. We understood that the only way to earn money in today’s market is to invest it into projects of added value, namely into redevelopment and renovation projects, and we started to offer them in 2016. Our next goal is to create our own redevelopment project. We are planning to find investors, purchase a multifamily building in Spain, renovate it, create micro-apartments and sell them to end users who will either use units themselves or rent them out. At the same time, we will go on expanding the share of international property buyers in order to protect our business from Russian risks. Some other articles George has recently contributed to: Five reasons why guaranteed high yields don’t exist ; Russian crisis breeds a mature generation of property investors ; How property plays a role in balanced pension investments ; Buy-to-let investments in Germany are a boon for small budgets ; Risks: macro and micro pitfalls in property investment strategies ; Overseas Investors: Tricks To Financing Your Property Investment In Europe

CBRE Cambodia’s recently released report outlines the details of the changes that Phnom Penh experienced throughout the 1st quarter of 2016. The report includes data and analysis gathered from the increasing activity in the land, condominium, office, retail, and serviced apartment markets.Phnom Penh Land Q1 2016Despite a bleak outlook on land prices which is expected to decrease by the end of the year, the land price index has shown a significant increase during the first part of the year all throughout principal districts. Land prices have gone up by an average of 4.8 percent during this time as well. The report also notes that prices in areas like the 7 Makara and the Chroy Changvar districts saw a quarter on quarter increase of up to around 8.3 percent to 8.8 percent. This may or may not be a good thing, depending on which part of the transaction you’re on. This is good for current investors who saw a high return of investment. But this may be an opportunity for future investors to shift their focus to the outskirts of the capital city.Phnom Penh Condominium Q1 2016According to the report, there were 8 projects that were announced at the beginning of this year which ushered in a total of 4,158 additional condo units. This is a staggering 61.6 percent year on year increase. As a result, the average sales prices for condo units across all unit types went up by 4.1 percent.Off-plan prices for high-end units, on the other hand, grew a steady 5.7 percent where Chamkarmon took the lead and contributed 2,900 units or 70 percent of the off-plan condominium sales.Based on the figures as well, a number of newer high-end and middle class condominium unit supply will be from international developers, where China and Taiwan are the frontrunners.Phnom Penh Office Q1 2016While the condominium market saw much of an improvement this past 1st quarter, the office market hit quite a few roadblocks. This caused occupancy rates to diminish by 1.5 percent, despite the construction of 3 new office buildings with a leasable space of 17,260 sqm.But it wasn’t all bad as both Grade B and Grade C office rents rose up to 1.3 percent and 2.6 percent, respectively. In addition to this, the quoted rental prices for Grade A office properties remained stable at $28 per square meter.Taking all these into consideration, as it stands now, the total officespace occupancy rate in Phnom Penh is at  74.4 percent.It’s not all doom and gloom for the office market though as 5 office projects will be available for investors in the near future through the use of strata titles or long-term leases.Construction for these projects started during the early months of 2016 wherein each development had launched off-plan sales during 2015.They’re expected to contribute a net space that’s estimated around 84,000 sqm by 2019. The average asking price stands at an average of $3,475 per square meter where Grade B spaces will take a projected 64 percent of the future office space supply.Phnom Penh Retail Q1 2016While there were a series of activities that showed activity in different real estate markets, retail showed little to none.It remained relatively stable during the 1st quarter but is expected to change in the months to come. One important event to note though is that the Sorya Shopping Center announced a renovation and rebranding project that will relaunch it as the “Sorya Center Point”.Starting off a bit slow this year, the retail supply in Phnom Penh is expected to pick up and grow significantly before 2018 ends. This will be the effect of “a combination of new international shopping complexes and significant retail components within predominantly residential and mixed-used schemes.”One of these is the Parkson Phnom Penh City Center which is set to launch any time during the 4th quarter of 2016.The Parkson Phnom Penh. City Center will have 57,000 sqm of leasable space, alongside Hong Kong Land’s Exchange Square which will have a total of 8,000 sqm of leasable retail space before the 2st quarter of 2017 end.Rents, on the other hand, remained consistent all throughout the 1st quarter, except with rents from purpose built retail malls. This saw a fall amounting to 1.6 percent. Unlike the retail supply, this trend is set to continue as requirement reviews are being done by retailers in terms of pending developments that are set to be delivered within the next 12 months.This will most likely be affected by international brands seeking prime retail locations for different uses. Among the top uses is the Financial and Professional Services which occupies around 9.2 percent of prime mall space and 33.2 percent of prime high-street. Food and beverage doesn’t fall behind which accounts for 14.2 percent of high-street retail spaces and 25 percent of retail malls.The report states that “2016 is set to welcome a wave of new international brands, with active requirements for both prime shopping mall and high-street locations driven principally by Food and Beverage/ Fashion and Accessories retailers.”Phnom Penh Serviced Apartment Q1 2016In contrast to the other markets, it seems as though service apartments had been luckier with an increase in supply that spurred by around 5.6 percent in the first quarter alone.According to the report, a huge factor for this is because of the Grade C serviced apartments coming up to 4,645 units with a recent addition of 246 similar projects. This may be the reason why it is the most prominent Grade type in Cambodia, making up a rough estimate of 71.6 percent of all units, in contrast to Grade A and B serviced apartments that only account for 19.9 percent and 8.5 percent of the units, respectively.This is probably why prime serviced apartment rents remained stable during the 1st quarter where rental rates ranged from $500 per month for a one-bedroom Grade B apartment to $8,000 per month for one of the higher end penthouse units. This is not far from prices during previous months and quarters.This stability also contributes 85.6 percent of the occupancy rate where the majority of the capital’s current serviced apartment supply is located.The report aims to provide insight for investors and developers in order to gauge whether or not to proceed with their potential or ongoing transactions. In the end, it is important to look at this data to form informed decisions and make calculated risks.Check out all listings from CBRE

Sukhalay Hotel on Achar Mean Avenue (now Monivong Boulevard)Amazing Cambodia gather vintage photos of historic buildings across Cambodia and feats of construction that have marked the Kingdom's architectural evolution. The mission of Amazing Cambodia is collecting Cambodian historical images, music,films and other things of cultural importance, and sharing them to everyone domestically and internationally. The purpose in guiding people, especially the young generation, to see and to know how amazing their country was in the past as well as to be proud of being a Cambodian citizen. It is also assisting local people to recall momentous memories about past events, raising foreigners' awareness about Cambodian culture and history and promoting Cambodia's reputation and popularity nationally and internationally. The founder of Amazing Cambodia, Mr. Srin Sokmean, spoke with Realestate.com.kh about his life and his inspiration for Amazing Cambodia.Tell us about your career so far:I have been working as a reporter and editor for a local magazine since I was a senior at IFL. Now I am also working as an English language full-time teacher for a private school in Phnom Penh. On the other hand, I have been an organizer of some cultural events including Amazing Cambodia Photo Exhibition 2013 and the Night of Hope charity concert 2015.What inspired you to start your photo archives?Inspired by my lifelong great passion of local culture and arts, I have been investing most of my free time in doing constant researches on Cambodian past music, films as well as architecture. The 1960s, known as the golden age of Cambodian culture, is my most favorite topic. As I had collected a large number of vintage images, I decided to create a Facebook page named Amazing Cambodia with the initial technical assistance of one of my Facebook friends. The three biggest purposes of the page are to raise Cambodian young generation’s awareness of the country’s glorious past, to review the past memories for the surviving local oldsters, especially those who have been away from the homeland for decades, and last but not least is to promote Khmer culture and history to the world.What your inspiration do this job?Everything is because I do love it from the bottom of my heart - though, I have to sacrifice a lot of money and time. Even without much support, I never give up since I have learned a lot during the process of the research. For example, I know how to improve communication skills with people in that field.My personal inspiring quote is “Don’t give up just because you walk in the right way alone - Appreciate your incomparable talent.”What is your view on Cambodia architecture these days?

A $150 million agreement between the Cambodian and Chinese Governments will see the construction of a huge sports stadium complex - suitable for Cambodia to host the Southeast Asia Games (SEA Games) in 2023.First approved in 2013, the “Morodok Decho Sports Complex” first stage of construction is already around 70 percent complete and is being developed by the LYP Group for around $39 million, according to an RFA report.The “Morodok Decho Sports Complex” is being built on 85 hectares of land in Prek Ta Sek commune, Russey Keo district, inside of LYP Group’s “Garden City” satellite city.The second phase of the sports stadium project is expected to begin construction in 2017 under the management of a Chinese company, with an approximate $150 million funding package provided by Beijing.   Meanwhile, a huge world-class TV antenna, with a total height of 285 meters, will be completed before the year 2023 as well, near Morodok Decho  stadium. To be called "TV Tower", the massive antenna will become the broadcasting center for the SEA Games in 2023. The TV Tower project is invested in by Chinese company Power China Kunming Engineering Corporate Limited, on a land area the size of 6 hectare. This new sports stadium and TV Tower should be another great boost for Cambodia's thriving tourism industry.

Cambodia’s economy has been growing from within its borders throughout recent years. And while it’s not really a bad thing, leading industry players such as Century21 Cambodia have come into agreement that the real estate sector is growing so much that there comes an opportunity to open it up to increased investments for both locals and foreign nationals. This is the sentiment echoed by Mr Seraj Sutton, Director of Global Strategic Business Development at Century21 Cambodia, during his speech for the launch of the Condominium Market Report H1 2016 held at Raffles Hotel Le Royal, Phnom Penh.Global  VisionSutton explains that as part of their aim to do business more efficiently, a global vision is essential for Century21 Cambodia to be able to move forward with their initiatives to streamline a broader business platform in the real estate and property market. This vision will be the driving force that will motivate them to come up with new and innovative ways to create an environment conducive for global business transactions and collaborations.Global InitiativeAs part of this move towards a more inclusive and collaborative industry, Century21 has set up a "Global Strategy Business Development”  team which has also launched a worldwide tour series to spread awareness about the real progressive situation in Cambodia and, more specifically, Cambodian real estate. It will be headed by Sutton, along with Mr Kuy Vat and Mr SamAth Him Sprung who are the Chairman and Director of Global Strategic Business Development at Century21 Cambodia, respectively.Sutton says, “The main focus is strategically thinking globally. This means proactively promoting Cambodian investment opportunities to the global market."He continues, “So, proactively, we’ll promote the projects in Cambodia to the investors overseas, by means of travelling, building relationships, networking and promoting, promoting and promoting.""Because we believe the Cambodia property market has the best offering ever, in the region but also worldwide. So, no country in the world can beat the investment opportunities in Cambodia.” But he also notes that a lot of the populations of investors around the world are looking to diversify their portfolio. And this is where their tour will take a turn for the better as they present and propose a two-way traffic structure, whereby Cambodia property investors can invest in overseas projects and foreign investors can also invest in other overseas projects from countries like Cambodia. Sutton called it a “complete global vision and strategy.”Global  SupportIn terms of international cooperation, Century21 Cambodia is aiming to leverage partnerships in countries like China, Hong Kong, Macau, Taiwan, Malaysia, Indonesia, Vietnam, Singapore, Japan, Korea, Thailand, France, Australia, Canada, and USA.Sutton adds that France and Australia have shown great potential thus far as these countries have large populations of Cambodian expats and immigrants. He says, “Why France? Big Cambodian community is in France. Some of them – Cambodian-French – eventually like to retire back in their home country, Cambodia.” In 2011 alone, there was an estimated 80,000 Cambodian nationals who lived in France. He further elaborates, “Then we thought, if we can go to France, why not Australia? A lot of Cambodian communities live in Australia.”This is indeed an exciting time for Cambodia as firms like Century21 Cambodia continue to look for ways to modernize and stabilize the growth in the Cambodia property industry. And as plans begin to materialize, we can only hope to see rapid and ongoing growth in the Cambodia property market as a result.

If you have the money and you’re looking for affordable residential property to move in to, you have to make sure to get a property that suits your needs.Realestate.com.kh spoke with Mr Van Chanthorn of TownCity Real Estate about the best ways to invest your money in Cambodian real estate.If we have enough money, what type of property should we buy?If you have just enough money to begin investing in real estate and you’re looking for a monthly income return, then you should purchase one to two condominium units or a flat or apartment inside central city for leasing. It’s much more convenient to rent and could be a stable source of income of up to around $1,500 every month.For those looking to purchase properties for both investment and residential use, consider buying a Borey property in the city. Aside from having a strategic location, there’s also more opportunity for sale and rent in the short-term. However, the profit here is limited and there aren’t really any huge returns to be made any more.But for investors that already have a significant capital for real estate investments, they can opt to get a pre-established-facility or landed commercial area/development plot that would cost around $2 million to $5 million. This will produce a profit through increased rental costs and easy leasing terms, or a profitable sale to the right developer.For investors who have an overflow of money that are looking to buy for future investment returns through a property sale, a projected profitable areas of investment that most people are taking for granted are on the outskirts of Phnom Penh. The reason for this is because there will be a lot of new long period developments just outside the city that will give you a significant investment return after 5 to 6 years.TAKE A LOOK AT TOWNCITY’S PROPERTY LISTINGS RIGHT NOW ON REALESTATE.COM.KHWhat is your ideas or expectations of the future of the real estate realm in Cambodia?For me, there are a lot of current developments being done and already available in the north, the west, and the southeast directions. If we are looking to the southeast direction, we see that there are many borey project developments like the Borey Peng Huoth and Borey High Tech.In the eastern part of the city, areas along the national road 6 such as the Chroy Changvar peninsula are expected to have plenty of condominiums, boreys and residential projects in the long run.   Meanwhile, the northern areas have been in development or quite some time now. So, both big and small borey projects are already in place, especially in the satellite cities of Camko and Grand Phnom Penh International City. These development projects have been successful because there of good infrastructure, higher density of people and growing commercial areas. They’re also particularly successful because there are many roads connecting to the other provinces like Sihanoukville and the Kampot province.We tend to forget the east direction, but it’s also now under serious observation as a future development site. Also, for the future, the south part of Phnom Penh will also be the best target direction for investment. Based on my vast experience, land prices are higher and rapidly increasing because of the development goal of the government in the south of the city and the investments of expats here. And because of this, road infrastructures are becoming more and more possible in the south. Nowadays, the real estate market values in those areas are offered at an affordable price. Therefore, all investors should be in a hurry to invest now! These prices won't last long.TAKE A LOOK AT TOWNCITY’S PROPERTY LISTINGS RIGHT NOW ON REALESTATE.COM.KH

PHNOM PENH, Cambodia – 6 July 2016: After a record-­breaking year in real estate and construction, the Cambodia Property Awards returns for a second year to reward the best developers, projects and designs in the Kingdom. According to the latest research by consultancy CBRE, the capital Phnom Penh’s condominium supply is projected to rise by a staggering 794 percent or 19,018 units within the next two years, supported by sustained gross domestic product growth, attractive returns and rapid urbanisation. In another fast ­growing segment, Cambodia’s retail market is set to get a substantial boost with new retail supply coming in from foreign investors hailing from ASEAN Economic Community and East Asia. Those impressive developments will be highlighted at the second annual Cambodia Property Awards 2017, the biggest and most exclusive awards programme in the country that forms part of the regional Asia Property Awards series organised by PropertyGuru, Asia’s leading online property group. The annual real estate event was formally launched to the media on 6 July 2016 at the Empress Room of Raffles Hotel Le Royal, be to followed by an evening launch party at the historic Chinese House on Preah Sisowath Quay in Phnom Penh. With much fanfare and media coverage, the inaugural ceremony that took place on 25 February 2016 at the prestigious Sofitel Phnom Penh Phokeethra was attended by more than 300 high ­profile guests and VIPs, including His Excellency Dr Pen Sophal, representative of His Excellency Senior Minister Im Chhun Lim, who gave the inspiring keynote address. Broadcast live on CTN’s Cambodia News Channel, the 2016 Gala Dinner saw Borey Penghouth Group collect five awards including Best Developer (Cambodia), while Mr Rithy Sear, chairman of WorldBridge Land, was named Real Estate Personality of the Year by the editors of Property Report, Asia’s leading luxury real estate, architecture and design magazine. Other big winners were The Olympia City Development Co Ltd and Urbanland Asia Investment Co Ltd. “Cambodia joins the other leading economies of ASEAN in hosting its own awards programme,” Terry Blackburn, founder and managing director of the Asia Property Awards, said. “It is a testament to the strength and quality of the local industry that we have so many fine developments join our launch year in 2016.” The 2017 event aims to surpass last year’s guest list and the total number of eligible entries for categories covering the condominium, housing/villa, office and serviced apartment segments. New categories to join the programme include Special Recognition in Sustainable Development and the expanded Best Hotel Development category for Phnom Penh, Sihanoukville, and Siem Reap. Nominations are already open and will close on 4 November. Entry is free.Sign Up NowAll entrants for the Cambodia Property Awards can be nominated by a third party, including peers, professionals and consumers, and, if eligible, are rigorously and fairly judged by an independent panel of industry experts, who conduct site visits to long­listed developments in order to determine the official shortlist of nominees comprising one Winner and up to four Highly Commended in each category. BDO, one of the world’s largest accounting and auditing firms, returns as the trusted awards supervisor of the Asia Property Awards, which, in its 12th year, is widely recognised for its fairness and transparency. The official list of nominees will be revealed in mid­January 2017, along with the announcement by the editors of Property Report of Cambodia’s Real Estate Personality of Year, whose influence and achievements resonate across the kingdom.

In 2007, Camko City and three projects of De Castle, along with a few other projects, started off-plan in the northern part of Phnom Penh, being introduced into the capital’s housing market for the first time, with 1,700 units launched for presales off-plan that year. And it was, indeed, a nascent market at the time but still interesting enough to attract local and especially foreign buyers who speculated for returns at the resale market.Now it is not a nascent market anymore. It has been around for almost 10 years, with lots of condos situated across the capital, especially in the central district of Chamkar Mon, or northeastern parts of Phnom Penh.Today, a newly-released Century 21 record says there are in total 110 condo projects with 148 individual buildings, both finished and ongoing, or 37,570 units slated through to 2020.Supply has shot up remarkably within these two years, while the market goes with a mix of tones – a today challenge and tomorrow blessing.  That is said, current excessive supply is not only a pressure on the ability of the market to absorb in the short term but also a possibility that the market will reach equilibrium where buyers enjoy in the medium to long run.For the market challenge, there two key factors to look at: sale-to-stock ratio and market absorption rate.First, according to the Century 21 report, during the first half of 2016 saw a dramatic presale launch, about 13,300 of new units, into the capital’s condominium market but only 13 percent of them sold, compared to 18 percent and 31 percent in the same period in 2015 and 2014, respectively. Second, absorption strength in the first six months of 2016 was 3.8 years, slower than the market absorption rate in 2015, which was 2.8 years."It’s nothing surprise because the supply early this year rose too high for the current demand to catch up, said Chrek Soknim, executive officer of Century 21 Mekong.A market slowdown has been mainly dragged down by a huge number of new units added to stock last year and during the first half of this year, offering a hard time for the demand to take up in the short term, reads the same report".Touch Samnang, president of OCIC, which is investing in condominium project Olympia City, acknowledged, telling the Post that condo sales early this year has plummeted due to too much supply, adding that before most developers focused on “foreign and upper class market, but today they have turned around towards the average crowd.”Too much reliance on international market, further, contributes to this market challenge, for local affordability and trend are not strong enough to bolster the market growth. In 2014, a Park Café’s consumer survey among Phnom Penh’s active professional population showed only 1 percent earned a threshold of US$2,001 to US$5,000 per month and 6 percent earned a threshold of US$1,001 to US$2,000 per month.According to a Vtrust’s housing market survey in 2015, about 54 percent of the respondents said they expected to buy homes at prices within a range of US$30,000 to US$70,000 per unit, while today only around 40 percent of condo units in stock are with prices lower than US$70,000. However, only 9 percent of the local expectant buyers said they would choose to buy condos.On the other hand, an excess of market supply today could also potentially be a blessing for the capital’s condominium market in the medium to long term, be it 3 to next 6 years.It is an advantage because when the supply is widely available in the market, it offers numerous opportunities for expats and foreign investors who come to work and live in the capital, since some condominiums offer mixed-use options along with amenities that ease their ways of life.Kuy Vat, chairman and chief executive officer of Century 21 Cambodia, supports the viewpoint, saying, “When business people or investors want to come for businesses in Cambodia, what if we don’t have sufficient housing supply along with amenities

vKirirom Pine Resort is located among the pine trees of Mount Kirirom National Park, and offers a unique escape from the heat of the Cambodian plains, lying 675m (2,215 ft) above sea level. Here you can lead a slow life in the mountains, whether for a holiday retreat home, retirement village, office retreat or permanent residence. Kirirom National Park was the first national park of Cambodia, located mostly in Phnom Sruoch District, Kampong Speu Province, with a smaller section is in neighboring Koh Kong Province. The meaning of "Kirirom" is "Happy Mountain", given to the area by King Monivong in the 1930s. vKirirom today has an international class resort, vKirirom Pine Resort, with 68 rooms and 150 camping sites featuring, fit out in a glamorous camping theme, a.k.a “Glamping”. Visitors can join in an array of activities such as cool mountain top relaxation, team building activities, and recreational sports. There is also an international university known as the Kirirom Institute of Technology, now in its second year of operation. Exciting new introductions include the Movie Town zone, Entertainment zone, MICE zone (Meetings, Incentives, Convention and Exhibition), Auditorium, Bus Terminal, Commercial facilities, Swimming pool, ZIP lines and Container hotel. Having won the Eco Tourism Resort award 2015 from the Government of Cambodia, the resort has demonstrated it is fully committed to making the highland development into the best in Cambodia, and an internationally recognized destination on par with Siem Reap. Phase 1 is 591 hectares consisting of vKirirom Pine Resort and Creative Forest. The first area shall be dedicated to residential and supporting facilities. Introducing elements of a successful city development will be priority in this phase and will include daily conveniences, medical facilities, educational facilities, transportation hubs, commercial opportunities and entertainment. The latter area will focus on green concept business development. together with light industry and other development and education programmes. CHECK OUT THE FULL LISTING FOR VKIRIROM! The entire development is designed to be totally eco-friendly. For instance, as construction continues, VKirirom has a strict policy that only trees which are rotten or broken are cut down for new construction areas. Otherwise, the natural setting is preserved as much as possible. The resort also grows its own vegetables and fruits without chemicals to serve in the on-site restaurant. Natural resources are also reused, for example, charcoal is made from any cut trees, and fertilizer is created from green waste. 1200sqm of free land is available for sale for buyers who wish to design their own home. Architects and construction support is also available on the buyer’s request. If a two-storied house is preferred, this can be arranged also. However, in order to protect the environment, a policy of building-to-land ratio up to 20% must be maintained, and a maximum total floor area of 1000sqm. Pre-built homes are also available. Borey A has a single floor space of 110sqm with land area of 600sqm. These homes are perfect for those who want to come and enjoy in the mountain every weekend as an escape from the city life! Each house has a loft and rooftop veranda. VKirirom also offer an integrated cleaning service and food catering service from Pine View Kitchen, as needed. And when you invite your friends or relatives, you can use resort’s additional accommodation for a special price. Further, when you don’t use this house for a long period of time, the team at VKirirom can help you to find someone who wants to rent it and pass you the rental returns. Borey R has a single floor space of 36sqm with land area of 180sqm. It is well suited as a student dormitory for “Kirirom Future College” students. You can lease this building and rent it to the college (for 2-10 years) in which case the college assures the rental profit with an 8% fixed rate interest. Also as a retirement house, this type of house with land is very attractive. As the entire site is on a 50 years lease contract, anyone from any country can rent without any special procedure. The developer’s unique strategy is a win-win formula for buyers. vKirirom produce cost effective properties that provide good rental returns and high capital appreciation. CHECK OUT THE FULL LISTING FOR VKIRIROM!

Despite the law from 2010 that states that foreigners are only able to buy or rent properties above the ground floor and only up to 70 percent of properties, many foreign nationals and investors have still been able to purchase landed properties through soft titles across various districts of Cambodia for many years passed.However, as a result of the Ministry of Land Management, Urban Planning and Construction’s (MLMUPC) recent decision to enforce long-standing soft title ownership regulations, all khans (districts) of Phnom Penh will stop allowing the processing of titles under a foreigner’s name.What is a Soft Title?A Soft Title is a Cambodian land title that is recognized at the local government level. Soft titles are provided by the local Sangkat or District office and are not registered at a national level – but are still considered a possessory status. A Hard Title, by comparison, is recognized at a National level.The majority of property transactions still occur with soft titles in Cambodia because it is an easy way to avoid ownership transfer taxes and fees. A Hard Title, by comparison, costs around 4% of the property value to create or transfer ownership.Under the constitution, however, these soft titles are not legally available for non-Cambodian nationals.No more Soft Titles for Foreigners:Up until now the Ministry of Land Management, Urban Planning and Construction have turned a blind eye to the many Khans and Sangkats below their authority issuing soft titles to foreigners.In a recent announcement, however, this precedent has been totally stopped in Phnom Penh.Ownership of Land in Cambodia via Nominee:Nevertheless, there is still a way for foreigners to own landed property in Cambodia through nominees.What is a Nominee Structure?Simply put, this structure lets the foreign investor sign a trust agreement in partnership with the land holder. The land is then put into mortgage, and then leased to the foreign investors. This is an inexpensive way to “own” a property and the land beneath it, or at least have total control over that property.It’s quite simple to implement this nominee structure: You only need four “securitization documents” which is the mortgage agreement, loan agreement, lease agreement, and security agreement.Having these four documents will guarantee that you have control over the property, and security against the nominee trying to liquidize your asset without your consent.Grant Fitzgerald of IPS Cambodia notes the structure of the nominee is economical, fast, and effective for foreign buyers.Risks of Buying via a NomineeEven with proper legal protection, a nominee purchase actually disregards the constitutional prohibition on direct ownership of property by foreigners.Nevertheless, it is possible and it does work in practice. But always seek advice from a registered Lawyer and an experienced real estate agency.How the Nominee Structure will Affect Buying and Selling:There are two possible scenarios, given that there is now strict enforcement from the MLMUPC. The correct course of action will depend on how enforcement is managed in practice in the coming months.Transfer to Nominee on Sale:One scenario would allow foreign investors who currently own landed property to keep it in their name for the time being, but will be forced to transfer to a nominee before they can sell or transfer the title. This essentially means delaying the inevitable. But if the MLMUPC do not enforce strictly, it may be possible for the time being.“The new enforcement will not likely directly affect foreigners currently owning soft titles until it comes time to sell,” suggests Desmond Yap of Yong Yap Properties. “If Daun Penh follows the precedence of 7 Makara which did allow foreigners to purchase flats in previous years, foreigners who have properties under their name can still live in it and rent it and are under no pressure to sell. Just when they do eventually sell, it has to be in the name of a Khmer national.”Transfer to Nominee Immediately:The second scenario is where current foreign owners of these types of soft-titled properties will be forced to sell them, or transfer the title to a nominee immediately. If the MLMUPC decide to enforce the regulation so strictly, the foreign owner will be able to transfer the property to nominees, with the proper protections in place.In these cases, getting a lawyer would be the best option. Yap notes that “the worst case scenario is that they will force you to sell the property – though if this happens, you can just transfer the property into a nominee’s name with the protection of a trusted lawyer.”How will this Influence the Market?As a result of this, sales in soft titled properties are expected to slow down in expat hotspots around Phnom Penh as necessary adjustments are made by agencies to accommodate the stricter enforcement of the law. In the long run, however, the enforcement offers predictability in the law across the entire city.Still have questions? Contact Realestate.com.kh now!

Mr. Van (John) Chanthorn, CEO of Town City Real Estate, talented real estate agency owner and entrepreneur, talks with us in the Realestate.com.khTV studio about making the most of unique opportunities as they arise in the real estate investment sphere. A great real estate investor is flexible, and moves their money with the market shifts. In which area do you think is the hottest opportunity for property investment in Cambodia? The potential development sites in and around Phnom Penh are now almost all ready for immediate construction for buyers looking to develop, which is a distinct change from 10 years ago when much of the pre-development infrastructure needed to be done by the buyer. But the price is much higher also. Where to buy, however, will depend on the demand of customer - are they aiming to build a condominium, office or flat house development? Whatever they choose, they need to go to an area where the buyers are demanding these properties. For condo buyers and developers, the best suited location would be central Phnom Penh city, because the target market are the wealthy, the inner-city workers and those demanding a higher standard of living. In addition, offices buildings or company headquarters need to be placed on main roads such as Norodom Boulevard, Monivong Boulevard, and Kramoun Sar (114) Road. This means demand in these areas for commercial properties remains high. TAKE A LOOK AT TOWNCITY'S PROPERTY LISTINGS RIGHT NOW ON REALESTATE.COM.KH In case of industrial factory investment, they should be situated at suburban areas or Special Economic Zones (SEZs), where transportation, electricity and human labor are easily accessible. The choice ranges from National Road 1 to National Road 6. But always consider the road conditions, the infrastructure surrounding and the traffic situation. For industrial investment and warehouses located along National road 4 and road 3, and Kilometer 20-25, there a requirements across this area of the market for buyers to make a deposit 3 months before the projects even start construction. This clarifies that geography and demography play very big role in making the project successful. The best areas for Borey project, however, says Chanthorn, relies heavily on the type of Borey you are building. For the small sized borey developments, the location should probably be in the north and south areas of Phnom Penh City, or possibly the surrounding province; whereas the large borey developments are best located in the East of the city. Tell me about some major new developments that you are following. Some successful condo projects in central Phnom Penh are the Bridge and the Peak mixed-use developments, being build by Oxley Worldbridge. There are also a host of exciting projects on Koh Pich / Diamond Island, such as D.I Rivera and Casa Meridian. Another hotspot for condo is BKK1 and Khan Duan Penh, which has many new developments coming online in the next two years. TAKE A LOOK AT TOWNCITY'S PROPERTY LISTINGS RIGHT NOW ON REALESTATE.COM.KH

The Edge, a modern mixed-use development, will support Phnom Penh’s growing economy by providing what businesses – both local and foreign – need to unleash the capital’s potential: accessibility and convenience PHNOM PENH, June 24, 2016 – Shukaku Inc. today launched The Edge, its latest mixed-use development which will be located at the Phnom Penh City Center (PPCC), Cambodia’s first planned city project and Phnom Penh’s future Central Business District. Shukaku made the announcement at an exclusive showcase it held for investors, business owners and customers today at the Sofitel Hotel in Phnom Penh.CHECK OUT TWO EXCITING PROJECTS FROM PPCC FOR SALE ON REALESTATE.COM.KH NOW: RESIDENCE 90 | THE EDGECommitted to supporting Cambodia’s transformation to meet the demands of the 21 st century, Michelle Lau, Executive Director, Shukaku Inc., reaffirmed that Shukaku Inc.’s mission is to unleash the potential of Phnom Penh and make it a truly liveable city by creating sustainable, innovative and integrated urban communities in the region. “We are very excited to share our new development, The Edge, with you today,” Ms. Lau said, “which is the latest feature of our project that speaks to our company’s long-term vision for the Phnom Penh City Center.” The 4 to 5-storey, 90-unit development was conceptualized by award-winning design architect, Logon, which used an innovative ‘Retail Office Versatile Office (ROVO)’ concept. All units are designed with flexibility in mind, providing space for businesses to be set up according to their preferences. The Edge is located next to a 22,000 sqm public park – a testament to Shukaku’s vision of providing new livable spaces where the community can feel safe and have true accessibility. Residence90, the company’s first residential villa property tailored for the modern Cambodian’s urban lifestyle, was also featured at the event. Inspired by modern architectural models, each villa at Residence90 has been designed to integrate seamlessly with the surrounding tropical landscape, and to fit its residents’ lifestyles. “At Shukaku Inc., we believe that each project begins and ends with a sense of purpose,” Michelle Lau said. “The purpose behind Residence90 is to provide residents with high-quality and smart living – at the heart of the Capital.” Current developments at the PPCC also include the PPCC Sports Complex and the upcoming One Park, an integrated lifestyle, residential and commercial hub, co-developed with GRED. Shukaku is in discussions with investors and will announce more developments throughout the year. “My vision is to create a place where the community can truly work, live and play” said Ms. Lau. “This includes wide spaces filled with greenery and well-planned infrastructures as well as providing a central place for businesses to conduct efficient, comfortable and reliable operations.”About Shukaku Inc.Established in 2001, Shukaku is a privately-owned innovative real estate developer based in Phnom Penh, Cambodia. Not just a property developer, Shukaku is also a master developer and an urban planner actively contributing to the shaping of the new Phnom Penh. Committed to building Cambodia’s future, Shukaku is creating liveable, quality developments through pioneering urban planning standards. Its flagship project, the Phnom Penh City Center (PPCC), will create a modern, thoughtfully-planned and fully integrated downtown core in Cambodia’s capital.About Phnom Penh City Center (PPCC)Set to become Phnom Penh’s first Central Business District, the Phnom Penh City Center (PPCC) is the first planned city project in Cambodia. Combining financial, retail, commercial, residential, medical, recreational and public spaces, this 111.6-hectare open, futuristic and iconic urban district located at the heart of the capital will offer the newest architectural buildings and modern city conveniences. A green and vibrant township, the PPCC is bringing a livable and integrated city to the people of Phnom Penh.  CHECK OUT TWO EXCITING PROJECTS FROM PPCC FOR SALE ON REALESTATE.COM.KH NOW: RESIDENCE 90 | THE EDGE

With an increasing number of reasons to visit the land of smiles, Cambodia has opened its doors not only for economic growth and global competitiveness, but also for tourists who are looking to immerse themselves in the Khmer culture.As a result of this, the number of visitors and infrastructure dedicated to helping the tourist sector expand has also grown.“One Belt One Road” Policy:In an interview last month, Sam Yang, CEO of Eastland Development, states that the “One Belt One Road” initiative by China – which aims to create an elaborate land and sea railway connection among different countries around the world – may help usher in Chinese investments into Cambodian real estate. Since there is an overproduction of materials in China such as steel, it can easily be made accessible to Cambodia to utilize towards building infrastructures like airports, roads and railways. This will allow numerous entry points for tourists. And the more tourists that come into the land, the more foot traffic local and international retailers have. In fact, in 2016 alone, 1 million Chinese tourists are expected to walk the streets of Cambodia.Tourism is becoming one of the major contributors in Cambodia’s economy. And with the appearance of hotels owned by international companies, and the construction of new infrastructure like additional airports and railways, property investment would seem like the perfect option for foreign nationals who can’t stay away from the Kingdom.Awards Keep Coming:Just recently, the ECTT or the European Council on Tourism and Trade hailed Cambodia as the World’s Best Tourist Destination for 2016. If anything, this recognizes the efforts of the Ministry of Tourism and confirms its success towards driving more people to become aware of the many attractive qualities of Cambodia. This also further encourages investors as an indicator of stability and growth. Accommodations Expand:Local and international businesses and retailers are not the only beneficiaries of the growth in the tourism sector though. New high end brand hotels have also been popping up and receiving their fair share of investment returns through thousands of tourist s checking in every single day. Hence there is a great opportunity for foreign investors to launch and develop even more properties like it. Some of these developments are “The Courtyard by Marriott”, and the “Rosewood Phnom Penh” which will occupy the top 14 floors of Vattanac Capital Tower. These hotel brands are preferred by visitors because of outstanding service and accessibility to attractions around the country. The Peak mixed-use development by Oxley Worldbridge will also host the Shangri La Hotel in the coming years.But of course, accommodation for tourists is not just limited to hotels. As the property market and tourism expands, there will also be growth in different markets like apartments, serviced apartments and backpackers. These types of properties will see a rapid increase in rental prices.Another thing we are seeing more and more of is eco-friendly tourism options; a prime example being VKirirom Resort - where guests can stay on top of Cambodia’s most idylly mountain range, and enjoy a wide range of eco-friendly activities.Easy Visa:While getting a visa in Cambodia is not at all complicated, the Ministry of Tourism has now given notice that it will prepare to issue three-year multiple visas exclusively to Chinese and Korean citizens, who have been the country’s greatest tourists, partners and investors. In 2015 alone, there were around 400,000 Korean and around 700,000 Chinese tourists. And as the amount of visitors in Cambodia grows, the Ministry of Tourism hopes that this will encourage foreign nationals to get to explore not only the sights in Cambodia, but also investment opportunities.Just recently, the ECTT or the European Council on Tourism and Trade hailed Cambodia as the World’s Best Tourist Destination for 2016. If anything, this recognizes the efforts of the Ministry of Tourism and confirms its success towards driving more people to become aware of the many attractive qualities of Cambodia. This also further encourages investors as an indicator of stability and growth.Check out more info about Foreign Investment in Cambodia!

Tracing its origins from Kingsland Development, which has over 37 years of experience in the property development scene across Singapore and Malaysia, Kingsland Global is excited to extend its property development expertise to more territories around the globe - none less than Cambodia. In doing so, Kingsland Global looks to raise the market standard through stringent safety standards, closely held core values and quality developments. Kingsland Global is committed to providing value to the Cambodian property market through the combination of professional expertise and experience with their local partner company, CamTrip Investment Co. Ltd. With the goal of playing a pivotal role in the region’s future landscape, Kingsland looks forward to contributing to the growth and development of the Cambodian real estate market. Mr. Pheap Horng, representative of CamTrip Investment Co. Ltd., has this to say: “Finding a suitable business partner is basically about finding someone we can trust and that will always have our best interests in mind. Kingsland Global shares the vision for business as we do; and they are highly adaptable, with a repertoire of skills that we can work with to gain a deeper understanding of the business. But more importantly, we share the same ideals, values and vision in looking to positively impact Cambodia and Cambodians through our developments.” "Not only do they ensure the delivery of excellence through their projects, Kingsland Global looks to bring more than economic value to Cambodian society. They actively engage the local community, developing human capital with care and professionalism; steadfastly holding onto their ideology. Kingsland Global’s highest regard for quality in all phases of their projects also means that they will provide a holistic and value-added experience for all their partners throughout the regions in which they develop - I am glad that this has already begun in the Kingdom," he added. Kingsland Global is proud to announce some upcoming projects in Phnom Penh. To be operated by the acclaimed hotel operator, Wangz Singapore, 228 Oknha Peich is a 13-storey boutique hotel located in Khan Daun Penh which houses many historical monuments. Slated to be completed in the 2nd quarter of 2017, this stylish hotel is equipped with multiple facilities and looks to provide tourists and business travelers with a luxurious home away from home. Another upcoming iconic development, One18 Residences, is a luxurious 24-storey apartment providing quality living and hotel-like amenities right in the heart of Phnom Penh city. Look forward to a first-class residential experience like none other when the project is completed soon.For more info on Kingsland in Cambodia, please get in touch with Kingsland (KH); (Address) No. 34 Street 200, Boeung Riang, Duan Penh, Phnom Penh, Cambodia (Tel) +855 77 3399 20, (Fax) +855 23 2217 07/08 or Kingsland Global Headquarters (Singapore); (Tel) +65 6362 8998, (Fax) +65 6363 7031; or email info@kingslandglobal.sg

Best Practice Facilities Operations: Adding Value to Business Competitiveness through Operational EfficiencyTraining with RICS: Cambodia, 20 July 2016 The majority of organisations operate from buildings, which represent one of their largest corporate assets and after staff, one of the most significant expenditures. These assets and costs need to be managed with the objectives of the organisation in mind so that accommodation and facilities services strategies are aligned with business strategies and plans.Managing facilities operations effectively contribute to supporting its organisation to deliver operational efficiency, statutory compliance and continual improvement.In this one-day workshop, you will learn how facilities operations may add value to the business, support the strategic aims and values of its organisation and keep the organisation legal and safe and are not an unnecessary overhead.Brought to you by RICS and IBC Cambodia, Realestate.com.kh is proud to support and sponsor this event.    SIGN UP NOWWhat to Expect?Lecture: Interactive series of presentations supported by in-depth group discussions. Case Study: Allow you to apply the new theory and concepts in real-life context. Learning Objectives After this programme, you will be able to: Explain essential elements of facilities services delivery process;List various facilities delivery services sourcing options for your organisation;Summarize steps of outsourcing procedures;State guidelines for preparing and managing service contract documentations;Identify legislative and compliance requirements;Describe commonly used performance measures to evaluate performance of facilities management teams;Explain scorecard approaches to facilities management in measuring performance.   SIGN UP NOWWho Should Attend?Facility Managers;Property owners;Property agents;Property investors;Asset Managers.   About the Trainer:Steven Ee, Msc CFM; Principal Consultant, FMS Associates Asia Pte Ltd; Steven runs FMS Associates Asia, a facilities management training and consultancy company that provides accelerated learning in facilities management. He is a Certified Facility Manager awarded by the International Facility Management Association (IFMA), an IFMA Approved Instructor, and IFMA Subject Matter Expert for its Facility Management Professional programme. He is the co-developer for the Competent Facilities Practitioner programme and has developed the Workforce Skills Qualification programme for facilities management in Singapore. Steven is regularly invited to speak at seminars and conferences attended by over thousands of facilities practitioners in Southeast Asia and China. Event detailsDeadline for registration: 11 July 2016 Capacity: 30 (first-come, first-served) Price: USD$300, with Certificate of Completion Venue: Intercontinental Hotel, Phnom Penh. For registration, please complete the Registration Form; attach it with payment slip and email to Mr. Seyhak Bun at admin1@ibccambodia.com OR Ms Linda Kwok at LKwok@rics.orgSIGN UP NOW

This week, Realestate.com.khTV invited Hun Chansan, director of Re-Edge Architecture & Design, to our studio to speak about the Cambodian Architecture scene. "Hun Chansan is a registered architect, a member of Board of Architects Cambodia (BAC) and Cambodian Society of Architects (CSA). Chansan graduated with a Master in Architecture from Northeastern University Boston, Massachusetts and returned to Cambodia in 2009 after spending more than 15 years in Singapore and the United States. His first job in Cambodia is the Faculty Coordinator and lecturer of Architecture and Design at Limkokwing University of Technology Phnom Penh campus. Chansan is also a visiting professor at Pannasastra University School of Architecture and Design in which he shares and inspires about Design and Concept with his students. Since 2011, Chansan established Re-Edge as a continuation of his Master Degree Thesis project called “Re-Edging Retails” where the architectural approach is a dialog between a building and its environment. Since then, Chansan has directed the design completion of many types and scales of numerous projects." Why did you decide to study architecture? When I was in Singapore, I spent so much time drawing. Then, there was a teacher who noticed my talent, so he advised me to major in architecture. When I pursued my degree in the USA, I decided to follow his advice, majoring in architecture.  Thanks to the in-depth study and practice I had there, I got to understand more about this major and came to realize that architecture has enormous influence on peoples' daily lives. Since then, I have followed this path. Who is the person you admire most? There are many people who inspired me. I am lucky I had chance to study abroad and observe numerous (architectural) achievements. As a matter of fact, those who major in architecture need to be really good at observing other artworks. So, I went to Europe and the United States to learn more about that. Mr. Louis Khan, a US architect, heavily emphasizes his project on choice of location and shows great creativity in maintaining its natural elements and fresh air. His innovation still looks new today. Mr. Le Corbusier is a French architect with very high creativity. In the past, his ideas were rejected. But he made himself recognized and has continued to impress everybody until today. He is also the teacher of famous Khmer architect Mr. Vann Molyvann. Do you have your own style of architecture? Talking about personal style, I don’t specifically own one. Naturally, we have our own characteristics. However, I don’t really focus on making sure my style is always pronounced. Instead, what I pay more attention to is the location of building and customer’s demand. Currently, my company has obtained different projects such as Borey, Villa, and Condominium projects around Phnom Penh. What do you think about the future of architecture in Cambodia? The architectural sector in Cambodia will experience more development in the future. We believe that the increase in the competition level and higher standards of education in the local market will bring about an increase in competency and creativity in the next generation of Khmer architects. In the meantime, modern technology helps a lot in expanding local knowledge and Khmer's travelling internationally. This makes more opportunism and will develop the next generation of architecture in this nation. Realestate.com.kh brings you the most important news and knowledge of real estate.

Welcome to another Realestate.com.khTV Property Review. Today we are at Borey Sunny Terrace with sale representative, Ms. Pheng Tida. Tell us about the location of Borey Sunny Terrace: This Borey is located in Tra Pang Khleng Village, Khan Porsenchay, Sangkat Chom Choa. Contact the developer now to find out more!What type of customer is this property best suited to? This borey is best suited to medium class and higher medium class Cambodia families. It is also available for foreigners on a long term leasehold of 50 years. Can you tell me about the special features of Borey Sunny Terrace? I think the most special feature is that it is very close to key amenities, such as markets and local and international schools. It is also very close to the Phnom Penh International Airport, and a short drive to the central business district of Phnom Penh. Why type of properties exist inside this Borey development; and what are the sizes and prices? There are two types of properties: 1) two storied houses and; 2) three storied houses. For the two storied house, prices start from $70,000; and for three storied houses, prices start from $110,000. In regards to size options, we have four blocks for the customer to choose from. Block A, B, C, and Block D. Block A & B are the same size, 16m x 4.8m. Block C & D are 4.2m x 14.5m. Tell me more about the special features and qualities of the buildings? The borey is designed in Korean and Japanese style. Meanwhile, the quality of this development is assured because our development company has a lot of experience with previous projects. When will this project finish and open for sales? Sales have begun. Construction started on Borey Sunny Terrace in October 2015, and is now 80% complete. It will be totally finished by August 2016. The showroom is already finished and open to visitors. If you want to find our more, please inquire through our listing on Realestate.com.kh! Thank you very much for watching another Realestate.com.khTV Property Review. Stay tuned for more info, advice and hot properties across the Cambodian real estate market! Contact the developer now to find out more!

Traditionally, to sell or rent a house all you had to do was make an appointment with the buyer, use a bit of the “real estate agent charm” and show them some properties that best suit their needs. But those days are over...Currently, over 90% of buyers are using the internet to research the market before contacting a real estate agent, and it has never been more important to make a good first impression online. In real estate terms this is known as a ‘quality listing.’A joint study conducted by The National Association of Realtors (USA) and Google in 2013, stated that ‘Real estate related searches on Google.com have grown 253% over the past 4 years’ and now ‘90% of home owners used the internet during their property search.’A more recent study by We Are Social (Singapore) found that internet usage in Cambodia had grown by over 400% between 2015 and 2016. In line with the We Are Social research, Realestate.com.kh has increased traffic and sales and rent inquiries by 416% since the same time last year.With internet users in Cambodia skyrocketing to over 6.7 million people this year, high quality real estate listings have never been so important.And to ensure property seekers on Realestate.com.kh are presented with the highest listing quality possible, we automatically display listings with 0-1 images at the bottom of the list. Quality listings will always be preferred by our website, and sit higher in the list of search results. Top Listing Quality Tips:1) Upload More Than 3 Photos:After all, a picture speaks 1000 words. Realestate.com.kh’s internal data shows that your chances of selling a property can increase by 85% if you upload more than three images to your property listing. It is very important that the photos you upload are of the actual property you are selling, as this will show potential buyers exactly how the property looks – and prove it is a genuine property for sale. You need to take quality photos! Show the key selling features and show people all the benefits.2) Take Time Writing a Quality Listing Description:Offer as much detail as possible when you are writing your listing description and improve your listing quality. Put yourself in the property buyer’s shoes! What features will they find most attractive in your property?3) Get Your Contact Details Perfect:Your listing is a waste of time if people can’t get hold of you! So make sure your contact details are perfect. Add two phone numbers and an email address if you know that sometimes you will be too busy to take the calls. Also, take time to improve your “Personal Profile” or “Agent Profile” online; as this profile allows you to give some extra information about yourself and/or your real estate agency - and to create a much-needed sense of trust and familiarity between yourself and potential buyers and renters.4) Make Your Property Listing Headline Count!Add a “Property Headline” in both English and Khmer – and make it count. If it is simple and clear, people will find your items before they find another. The internet has thousands of property listings for Cambodia these days, so you need to make sure your title quickly summarizes what you have to offer!5) List A Price:Don’t list “Price On Application” (POA)... At Realestate.com.kh, we have found that potential buyers generally read the home’s description and expect to see an exact listed price. On Realestate.com.kh, listings that display a reasonable price receive 150% more inquiries. If the price is negotiable: also let the user know in the listing description. If the terms of sale/rent are negotiable: let the buyer know in the listing description.6) Follow Up Your Sales Inquires QUICKLY and PROFESSIONALLY:When you receive phone and email inquiries from your online property listing, it is extremely important that you follow up with the potential buyer and renter as fast as possible. If you don’t get in touch quickly, your potential buyer or renter will soon find another offer, and another seller who is more interested in them. If they are an International buyer, communicate over the phone is the correct language - and follow up with a detailed email.It is extremely easy to create a new listing on Realestate.com.kh, whether you are a private seller, landlord of real estate agent. You can sell yourself and we don’t take commission! Sell Faster On Realestate.com.kh:7) Upgrade Listings:You can now upgrade your property listings for sale or rent to "featured" on Realestate.com.kh for only about $1 per day! This means your property will be on the top of the list, and get more exposure and more inquiries. Just click "Upgrade" on the property that you want to upgrade inside your seller’s office and we will do the rest!8) Refresh Listings:If your property is still for rent or sale, you can now refresh your listing once every 7 days and bring it back up to the top of the list! When you click "REFRESH", the property will be moved back up to the top of the list where potential customers will see it!Learn More:If you are an agent, developer, landlord or private seller wishing to list your property on Realestate.com.kh contact us today at info@realestate.com.kh or 017 436 756. We are available to help you anytime with anything!UPLOAD A PROPERTY NOW!Harness the online revolution that is spreading across Cambodia – and get your listings sold on Realestate.com.kh today, Cambodia’s home of real estate.Harness the online revolution that is spreading across Cambodia – and get your listings sold on Realestate.com.kh today, Cambodia’s home of real estate.