Register for FREE to attend the show!Cambodia’s real estate sector is attracting the attention of investors from around the region and the world. The property market has grown phenomenally in last 5 years, and major cities are demonstrating some of the highest urban expansion and population growth rates in the region.Despite remaining an “emerging market”, Cambodia is demonstrating lower risk than this label usually suggests - demonstrating strong fundamentals for property investors and regionally high yields, which has already attracted a multitude of international development companies from around the world to launch projects:Why Invest In Cambodian Property? The Fundamentals:US$ Investment Economy: Invest in the world’s most resilient currency as Cambodia has long been a dollarized economy and will continue to be.Virgin Investment Territory: Enormous growth potential and very positive appreciation trends in recent years.Strong, Sustained Growth in GDP: 5% average for the last 5 years, year on year. No. #21 worldwide in growth, and No. #1 in the region.Secure Assets: Freehold Foreign Ownership Laws that have been successfully supporting investor’s since 2010.Strategic Location: Sandwiched between two strong economies, Thailand and Vietnam; Midway between the world’s largest and fastest growing economies, China and India; and sitting between Australasia and Asia, with trade agreements connecting it to both.Political Stability: The country has had the same Prime Minister for more than a quarter of a century, the longest serving non-royal leader in South East Asia.Trade Integration & Regional Logistics Chain: Joined ASEAN for increased access to regional markets; LDC status gives tariff free access to highly developed markets in Europe and Americas; Cambodia is firmly part of China’s “One Belt, One Road” policy.Improved Logistics: Deep sea port, railways, roads and flight connections around the nation and Asia growing yearly.Retirees’ Mecca: Due to a unique, low-cost quality of life.A Cash Economy: Money flows inside and outside of Cambodia are simple and cost-effective for international investors.Developments of all varieties are rising fast across the nation, giving buyers a wide range of options to choose from, with investment properties suited to all budgets and needs. However, purchasing the right property is an important decision that requires diligence and a full survey of the strength of that financial investment - which can be difficult for those investors residing outside the country.For this reason, Realestate.com.kh, Cambodia most visited and most preferred real estate portal, is hosting the most comprehensive Cambodia real estate show in the nation’s history. The Realestate.com.kh Cambodia Real Estate Show will take place on the 5th and 6th of May 2017 at the country’s most famous Hotel and Casino: NagaWorld.The event will be a one-stop exhibition where buyers can simultaneous survey the country's hottest property offerings and learn the necessities of an informed and secure investment decision in Cambodia.The Creed Group, HLH Group/Camhomes and Graticity Real Estate Development (GRED), Habitat, NC Max World, J&L Property Development, EASTLAND, CORE PPSEZ, DH3, Royal HM trading, Sky 31, Vikirirom Pine Resort, among others, have already booked their booth space.Silver Sponsors of the event: LASTMILE WORKS Co., Ltd and Seara Sports Systems.Seminars and speeches by local consultants will be running throughout the two days to promote understanding of the legal climate in Cambodia and the best ways for investors to manage their property assets in country. Those seminars will have the objective of promoting knowledge and establish confidence in purchasing a property in the Kingdom.Realestate.com.kh’s unique partnerships with marketing channels such as the PropertyGuru Group (Asia’s largest and most visited real estate portal group) and Juwai.com (China’s #1 website for Chinese buyers looking to buy purchase property abroad) will attract serious international buyers for the two day show. Local marketing will also be comprehensive, targeting both the expatriate population and high-net-worth local property investors. The show is strategically being held at NagaWorld Hotel, the first choice for accommodation in Phnom Penh for Asian investors, dignitaries and business people.Mark the Cambodia Real Estate Show in your calendar on the 5th and 6th of May 2017 now and book your flights. Get ready for the biggest property show in Cambodia’s history.Business Cambodia, Bizkhmer, Khmernavi, Sin Chew Daily, B2B, Amcham, Britcham, Cambodia Constructors Association, Cambodian Valuers and Estate Agent Association PropertyGuru, PropertyGuru International, Juwai, Khmer Times and La Reine.For sponsorship or exhibitor opportunities at the Cambodia Real Estate Show, please contact us at info@realestate.com.kh or call +855 98 67 67 82Find the best real estate news on Realestate.com.khRegister for FREE to attend the show!

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

It can be difficult to move through Phnom Penh’s rental market especially if you are new to the market. Recently, various areas in Phnom Penh have been progressing with a wide range of rental houses, like villas with larger areas, apartments that include basic amenities, shop houses, and flats that can be converted either into a retail space or renovated into a modern home. Among the 12 Phnom Penh districts, the potential of each area depends on geography, land price, and surrounding facilities that support the resident’s lifestyle. Since rental agreements are usually at least for a one year period, you have to be sure that you research before signing a new contract. Realestate.com.kh has done the dirty work for you by digging through and compiling all the information you need for the popular areas in Phnom Penh. Chamkarmon Chamkarmon is currently the most popular residential area in terms of modern lifestyle and convenience. There are 12 communes in the Chamkarmon district as well. But the four that are the most popular are Boeung Keng Kang 1 (BKK1), Boeung Keng Kang 2 (BKK2), Boeung Keng Kang 3 (BKK3), and Toul Tom Poung. BKK1 is the most preferred residential area for both foreigners and locals. What type of houses are for rent in Chamkarmon? According to Mr. Roeun Veha of PinPoint Real Estate, there are three types of houses in the residential district of Chamkarmon. These include flat houses, apartments, and villas. What type of houses are for rent in Chamkarmon? How much does it cost to rent in Chamkarmon? The rental price of a flat in BKK1 costs between $700 to $1,800 a month. This is significantly higher than in the other top communes. A flat rental in BKK2, BKK3, and Toul Tom Poung ranges anywhere from $300 to $1,300 per month range. Flats on the inside and flats along the main road vary in prices. A one-bedroom apartment in BKK1 is at around $800, a two-bedroom apartment is usually more than $1,000, and a three-bedroom apartment costs anywhere from $2,500 to $3,000 a month. Meanwhile, BKK2, BKK3, and Toul Tom Poung rental prices for a one-bedroom apartment go for as low as $300 to $400 a month. Villas in BKK1, especially along streets 51 and 63, range from $1,500 to $10,000. Whereas rental prices in BKK2, BKK3, and Toul Tom Poung, are likely to range between $1,000 to $6,000, says Mr. Veha. Why is Chamkarmon a good location for rentals? BKK1, BKK2, BKK3, and Toul Tom Poung area brimming with restaurants, brand coffee shops, bars, karaokes, clubs, markets, malls, saunas, spas, fitness centers, international schools, high standard clinics, and hospitals. So, if you want to live in the real heart of the city, where everything is happening, you should consider taking a look at properties for rent in Chamkarmon. Learn more about Chamkarmon and BKK through our Chamkarmon Location Profile. Daun Penh There are 11 communes in Duan Penh. Four of them are filled with locals and expatriates who are renting houses for short-term and long-term periods. These include Phsar Chas, Phsar Kandal 1, Phsar Kandal 2, and Chey Chumneas. What type of housing is available for rent in Daun Penh? Flats and apartments are available to rent at any time in Daun Penh. Most of the rental houses around this area are renovated second-floor units or renovated flats that are suitable for rent. How much does it cost to rent in Daun Penh? Ms. En Chansreyleak, a sales representative for Yong Yap Property, says that prices in the top four areas are similar. The rental price of a one-bedroom flat is $350 to $800, a two-bedroom flat goes for $450 to $1,500, and a three-bedroom flat is at $1,500 to $2,500 a month. There are also a number of serviced apartments in the area such as the Season Apartments & Residence Co, Ltd and the Kiwi apartment. According to Ms. Chansreyleak, a one-bedroom apartment unit ranges from $600 to $1,200 a month, a two-bedroom apartment is roughly $1,800 per month, and a three-bedroom apartment goes for up to $2,800 a month. Why is this location good for rental? This location is along the riverbank and is near the Royal Palace. There are also a number of establishments that are in the area such as restaurants, bars, coffee shops, night markets, and many more. All these features make this area attractive to tourists. If you're interested in renting in Daun Penh, you can check out the latest properties for rent in Daun Penh. Learn more about Daun Penh through our Daunh Penh Location profile. Toul Kork Property experts speculate that Toul Kork will become the new BKK in the near future. Today, more and more people are moving to the district, especially since it will soon be the location where the Phnom Penh City Center will stand. The residential space in this area also has great potential for both residential and commercial opportunities for both locals and expats. What types of property are available for rent in Toul Kork? There are three types of houses prominent in Toul Kork. These are villas, apartments, and flat houses. As they say, your mileage may vary depending on what and where you want to rent in Toul Kork. How much does it cost to rent in Toul Kork? A rental flat in this area can range anywhere between $300 to $1,500 per month. A one-bedroom apartment can cost anywhere from $300 to $600 a month. Two bedrooms will set you back $800 to $1,000 per month. The rental prices for villas in Toul Kork generally start from $800  and can go all the way up to $6,000 per month. Why is this location good for rental? Toul Kork is the new development area of the city. There are now many new commercial developments rising here. The residential market is also making a shift towards this area. Most importantly, it has easy access to the Phnom Penh International Airport. If you're interested in renting here, you can check out the latest properties for rent in Toul Kork. Learn more about Toul Kork in the Toul Kork Location Profile. Sen Sok Sen Sok has become a star destination for many residential and property developers. This district is located in the northwest of central Phnom Penh and is one of the newest districts incorporated into the Phnom Penh municipality. Sen Sok is primarily known for its affordable residential projects and is the home of the city's largest shopping mall to-date, AEON Mall 2. What types of property are available for rent in Sen Sok? Sen Sok hosts villas, shophouses, and lately, more apartments available for rent to accommodate the growing interest in the area. How much does it cost to rent in Sen Sok? Apartments for rent in Sen Sok range from as low as $250 to as high as $1,500 per month. Shophouses and villas are also available ranging from $500 to $3,000 a month. Of course, there plenty of properties in between. We suggest taking a look at the Sen Sok Location Profile so you can find the right property for rent in Sen Sok for you. Don't be afraid to negotiate! When you want to rent a house in the city, even in popular locations like Chamkarmon, Daun Penh, Toul Kork or other areas, you must be sure of your budget. Landlords will most likely demand a high price. However, you should always be ready to negotiate! Build rapport and ask for a discount or try your best to ask for additional services or furniture. How to Find Houses for Rent in Phnom Penh? If you do not have a lot of time, you can easily use realestate.com.kh to check and compare the prices of the properties you are interested in. You could also consider relying on a real estate agent; they'll save you the headache of sifting through Phnom Penh's myriad of rental listings. Just make sure you do some research and pick a professional one! Don’t know where to start? Take a look at our list of partner agents all over Phnom Penh. Learn more about all the houses for rent in Phnom Penh! Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now on both iOS and Android.  

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

Undertaking a property inspection for the first time can be an overwhelming task. You need to have your eyes open to all aspects and features of the home – because no one wants to buy their dream home and it turn out to be an expensive nightmare! Do your property inspection right and see the benefits into the future. Where possible, it’s always advisable to contact a qualified building inspector to carry out a rigorous property inspection for you.However, the following are a few simple property inspection checks you can carry out yourself:Can you see any water stains or corrosion on the walls surrounding the shower or bath? Or are there any signs of moisture on the walls surrounding the bath or shower? This may be a sign of water leakage, which can be costly to repair.Are the ceilings sagging? When you’re doing your property inspection, take a torch and shine the light across the ceiling - this will show any defects. Is the ceiling fixed firmly flush into place or does it have a ‘parachute’ appearance? If the roof is sagging, you’ll need to contact a builder to carry out repairs to the ceiling sheeting.Check that all roof downpipes are discharging into storm water soak wells and not just discharging onto the ground. You don’t want a flood in your new home when the monsoon season comes.It is also wise to look for any signs of previous flooding around the base of the roof downpipe. This can be an indication that the soakwells are not suitably sized or require cleaning out, which can be a costly maintenance item. If the property does not have the proper drainage, having a soak well installed can be very expensive.As part of any property inspection, look for any large cracks in the walls. Specifically, the inside and outside walls should be checked for cracks over 2mm in width. If the house has excessive cracking you must call a building inspector to check the soundness of the property’s structure.Check inside the cupboards in all the wet areas. All cupboards should be opened to detect if there is a smell of damp, mould and mildew. Any damp smells can be an indication of water leaks and this problem will only get worse. James Whitehead, director of content @ Realestate.com.khWant to learn more - get on Realestate.com.kh today, the best source of information for property buyers & sellers in Cambodia.

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

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

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

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

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

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

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

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

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

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

“Topping out” is the term given to the last stage of structural construction. The highest mixed development namely The Bridge has successfully achieved a topping out in December 2016 and well celebrated the special occasion at a private event in Sofitel on Friday the 13th of January.The Bridge set to be the iconic development of the Kingdom is a Singapore-Cambodia joined venture between Oxley Holdings and Cambodia's WorldBridgeLand. The developer has reportedly committed more than $300 million investment for this twin tower project. It is expected to complete and deliver to its buyers on time by the year 2018.Although several developments are taking place in the capital, The Bridge complex overseeing Diamond Island and Bassac River, is certainly an art of its own class to redefine the landscape of Phnom Penh. The building also enjoys good Feng Shui to enhance the lifestyle of the owners whether they are buying the units for own stay or doing business. The Bridge, directly opposite the Australian Embassy in the Tonle Bassac district, is located in the very heart of Phnom Penh. Coupled with full condo facilities, office spaces and a lifestyle shopping mall, the prime location offer the residents and commercial users an excellent choice to live, work and relax in the same complex.The developer is currently working on their second project, The Peak hotel mixed development located approximately 100 meters from The Bridge. The peak set to complete by the year 2020 and will serve to complement the lifestyle and work expectations in this city center Take a look at Oxley's next upcoming project The PEAK...For those interested in The Bridge or The Peak, please visit Oxley WorldBridge’s showroom at Great Disciple Sar Bith Street, Village 14, Khan Chamkarmorn, Sangkat Tonle Bassac, Phnom Penh (Opposite Toyoko Inn) or Find out more information about The Bridge here.

Although relatively small, Cambodia’s real estate market scene is filled with industry-related events. It is that time of the year again when developers get the chance to see (or not) the payoff of their efforts and work, reassembled in the form of an award. For the second year in a row, the PropertyGuru Group is organizing the Cambodia Property Awards, which is set to be the biggest and most exclusive real estate awards event in the Kingdom.Last year, the debut event saw over 300 guests and VIPs, and was broadcast live on CTN’s Cambodia News Channel.Bringing together all the biggest developers in town and award them without upsetting anyone must be not an easy task. In order to find out more Realestate.com.kh met with Mr Terry Blackburn, Managing Director of PropertyGuru Asia Property Awards.The Cambodia Property Awards was launched in late 2015 as part of the then 10-year-old Asia Property Awards programme that began in Thailand in 2005 (which later on expanded to other seven countries across South East Asia and in China). Cambodia held its first gala dinner in February 2016, becoming the latest addition to the awards programme last year, which Terry described as “one of the last pieces of the puzzle.”Mr Terry believes that due to the Awards’ long history and earned credibility, they are in the right position to set a benchmark for quality within real estate, on a regional level.Developers of contemporary projects that will be completed within the next 18 months are now eligible to apply. Currently 22 categories are set for this year and each project will be evaluated by an independent panel of judges formed by top experts of the industry. The panel will be supervised by BDO, one of the world’s largest accounting and auditing firms, to ensure full transparency and conflict-free evaluations. But how can the Cambodia Property Awards set the benchmark for quality?Mr Terry explained that each project goes through a thorough onsite inspection, where the panel of experts reviews the viability of the construction and their quality, based on a verified checklist that covers different crucial aspects. This process – from nominations to choosing the winners – takes up to six months. Every real estate development is scrutinised, giving an extra assurance to future buyers. More importantly, based on existing rules of the Awards, developers who eventually win but fail to complete their projects by the established deadline, risk to have their award withdrawn. This gives assurance not only in terms of quality and design of a given development, but as well as its economic viability.Due to his familiarity with other Southeast Asian real estate markets, we have also asked Mr Terry’s thoughts on Cambodia compared to other countries where the Awards operate in, as well as the possibility of a real estate bubble: “In the upcoming months , when majority of the developments will be completed, we should have a better overview of what is being sold for occupation and what for investments. Of course a healthy market implies a high number occupants rather than speculative investments; if this will be the case for Cambodia, then a new wave of investments will come in, if not it might take a while before these projects are sold or rented out. In the latter case however, I do not see an imminent drop in price, since developers often work on tight margins.”When comparing Cambodia to other countries in Asia, Mr Terry stated: “I must say that Cambodia is small but certainly a fast-moving market, with plenty of room for everyone: I particularly see a big potential in the affordable housing, given that the Cambodian finance sector is more consolidated compared to other countries, such as for instance Myanmar, where all the payments still happen in cash and a proper mortgage system is not yet in place.”For developers who are interested in entering their properties in the Cambodia Property Awards, nominations will close on 27 January and entries on 3 February.Find more  real estate news on Realestate.com.kh

The Siem Reap province is located in the northwest area of ​​the country, along National Road No. 6, about 314 km from the capital city. Siem Reap is one of the three country's major economic areas. The other two areas include the Phnom Penh Commercial City and the port city of Sihanoukville. Siem Reap is also home to the world's famous tourist destinations known as the Angkor Wat temple. What are the types of houses for sale Siem Reap?The residential sector in the province surrounding Siem Reap is rapidly growing; with inbound tourist numbers increasing year-on-year. The increase in both tourists and expats looking for a place to stay has contributed to the sprouting of different types of housing such as boreys, shophouses, apartments, villas, and condominiums.Each type of housing is different in terms of  physical specifications, living conditions, and functional use to satisfy the local and foreign market demands.What is a Borey?A borey is a type of housing project that is popular for the Khmer standard of living, and is popular among middle and upper-class people. This type of residential development is also a good investment for developers in the country because boreys in Siem Reap are generally located in commercial areas.The primary feature of a Borey is its collection of houses attached to one another and enclosed as a gated community. Houses in a Khmer Borey may include single villas, twin villas, and flat houses. Borey developments also have a range of properties that serve the needs of both individuals and families. For example, houses within Borey Angkor Palace, Borey Nagara, and Borey Brem Brey may feature anywhere from 1 to 4 bedrooms each with a starting price of $60,000.Interested in buying a Borey? Check out our updated list of boreys for sale in Siem Reap!What is a shophouse? A shophouse is like a flathouse, a linked house, or a townhouse. Shophouses are mostly two or three stories high with a shop on the ground floor for mercantile activity and a residential space above the shop. The shophouse units are usually around the 4x16 to 5x20 sqm size with prices starting from $60,000.  Normally, a shophouse functions with a business in mind on the ground floor. This type of house is a good investment choice for those who plan on living where their business is. However, shophouses usually do not have a garden or front yard, but a small outdoor space behind the home. They generally don’t have a standalone fence for security, but feature a very secure front and back entrance with protective steel bars. Parking spaces are usually not included in the basic shophouses; many shophouse owners park their motorbikes on the ground floor or up the street curb.Are there different classifications for a shophouse?When it comes to purchase a shophouse, buyers can chose between a Khmer style, or a modern one. A Khmer-style shophouse has a traditional design focused on Khmer vernacular architectural construction. Modern shophouses, on the other hand, adopts a more contemporary and western design. It’s hard to spot the difference from the outside as some western shophouses are renovations from the Khmer style ones, and often are in the same buildings.What is a Villa?A villa is a type of private (and often luxurious) residence in the province. A villa is different from regular house primarily due to its detachment from other houses allowing it to have a yard of its own. There are different types of villas such as a hybrid, twin, and single. What makes a villa a good place to live in?Siem Reap is a place surrounded by nature: it offers trees, greenery, gardens, a good airflow and low pollution due to the limited traffic. Villas, therefore, are the perfect choice for nature lovers and those wishing for a great amount of privacy. Villas for sale are generally available from $150,000 - $230,000 depending on their location and features.Another factor to take in consideration is the long term prospect of the investment; Siem Reap is one of the main tourist destinations of Cambodia, bringing millions of tourists every year. For instance, according to Apsara Authority report there are more than two million visitors on average in Siem Reap every year. Check out villa for sale in Siem Reap!What is a condominium?A condominium units exist within a tower building with a number of residents. Individual unit owners share ownership of the common areas in a condominium. These include the recreation rooms, playgrounds, gardens, and also the courtyards. Common areas can be used by anybody residing in the building. But the individual condo units remain the private ownership of the residents. Condominiums usually have staff on-site to assist the needs of the unit owners. Condominiums also offer  security features and shared parking areas.What makes condominiums attractive living spaces?Condominiums is a great choice for a first house since it offers many amenities and management-facilitated services which save  money, time, and efforts of the owners. Generally, condominiums are located in the inner city, near the commercial hubs. Condos usually offer great  views, and feature fresh air and cool temperatures.Even if condominium units have just a wall separating you from your neighbors, this type of housing is still more private than a standalone home and will also have added security services. Maintenance fees and association dues will, however, be charged to all residents to manage common areas. Lastly, condominiums usually have many internal regulations and may have restrictions in regards to the restructuring of the unit.  Are there a lot of condominiums in Siem Reap?There are a lot of condomoniums in Siem Reap ready for occupancy. These condos have a starting price of $65,000 per unit. These units feature anywhere between 1 to 3 bedrooms and offering spaces up to a crazy 1,500 sqm. Check out our list of condos for sale in Siem Reap to find what's best for you!Where do locals and foreigners prefer to live in Siem Reap?Cambodians won’t have any troubles living in Siem Reap, it’s just a matter of deciding on preference and needs. But for foreigners, there are two main areas they are likely to settle down. Asian tourists such as the Chinese and South Koreans, prefer to live in the west side of the Siem Reap river due to the high concentration of  tourist companies, restaurants, bars, stores, and souvenir shops. Europeans or westerners in general, prefer living on the eastern side of the Siem Reap river because the residential areas are mainly located in green areas, integrating homes with nature.If I buy a house in Siem Reap for investment in which area should I buy? Mr. Sok Sarath, a real estate agent in Siem Reap, suggested that those buying to invest, should consider the area around the ring road. According to Mr Sarath, this area with the most potential whether for living or investing. Other areas worth of investments are the Central and Upper Market.Is investing in Siem Reap better than Sihanoukville or Phnom Penh?The biggest incentive for investors to invest in the province lies in its land prices. Price per square meter in Sieam Reap are significantly lower compared to  land prices in Phnom Penh. The population is also comparatively low; creating an environment of tranquility suitable for those wanting to escape for the hustle-and-bustle of big cities. Moreover, the province has also seen an increase of businesses such as hotels, restaurants, private clinics and schools, resulting in a perfect place that can adequately support families.Where are the most developed areas in Siem Reap?Mr Sarath suggested  that the number of houses for sale in Siem Reap is rising inside the ring road area of the city, especially along main roads such as Sivatha Boulevard, Charles de Gaulle Street and Route No. 6. The development of residential and commercials areas is attritubted to the continuous growth of both domestic and international tourism in Siem Reap.At present, new businesses such as contractors and agricultural companies have turned up along Road No. 6 to the Prasat Bakong district, toward Phnom Penh.Does Siem Reap suffer from floods?Residents of Siem Reap don’t seem to worry about flooding. In recent years, there have been no floods in the area. However, if you are going to buy a house on the ground floor, double check with the previous owner and neighbours whether or not your new home is prone to flooding.How is the infrastructure in Siem Reap?Siem Reap infrastructure is developing rapidly; roads are interconnected to different areas of the province which is key for the development and expansion of the city.The roads of Siem Reap also connect to a number of different temples of Siem Reap, Phnom Penh, Battambang, Kep and Kampot, Sihanoukville, and Kampong Cham. Road links between the provinces benefits the real estate market in Siem Reap by making them more accessible to one another.Public Service InfrastructureFor families looking to settle down in Siem Reap, there is an increasing number of international schools being offered, which in turn are rqising the educational standards within the city at impressive rates. Healthcare is massively improving, as well.Siem Reap has a number of international standard hospitals and clinics – including the international standard Thai-managed Royal Angkor International Hospital, which is affiliated with the Bangkok Hospital Medical Center, offering medical services for locals as well as expats.How is Food and Entertainment in the town?Siem Reap offers a great mix of cultures and flavours from all over the world. The area is filled with Khmer, European, Chinese, Korean, Japanese, Thai, Indian, French, and other international restaurants. These are available, especially on Pub Street -- a place that is reminiscent of the cities of Europe.Other than street food, the city offers many places for entertainment:pubs, bars, karaokes, and clubs where people can enjoy talking, drinking and, dancing.Curious about living in Siem Reap? Take the first step in imagining a life by checking our list of houses for sale in Siem Reap today!

The Toul Kork district is one of the 11 districts in the capital city extending over 8 km. It's known for its high concentration of villas, low-to-high-end condominiums, and a growing business district!Looking at the current development project in the district, we can notice that there is a range of international schools, restaurants, commercial buildings, shopping malls, sport centers, and coffee shops.Additionally, Toul Kork also offers new developments such as the TK Royal One, The Gateway, Apennines Condominium​, and many more. Due to its fast development, this is currently one of the best locations for living or working. This in turn has increased increased the demand for accommodation within this district. Currently there are several houses for sale in Toul Kork and houses for rent in Toul Kork.Tips for renting in Toul Kork DistrictWe're making it a point that readers who go through our blog are well-informed about the various steps and important things to remember when making investments (yes, renting is an investment!). That's why we've created these important questions to ask if you're looking to rent in this fast growing district!What documents should I secure?If you have decided to look for Houses for Rent in Toul Kork, you should ensure that your landlord is able to issue a legal rental agreement. Make sure that you agree with all the rights and obligations defined in the lease ad that you retain a copy of the agreement.To ensure the legality and vitality of the lease, you can also consider hiring a 3rd party service provider such as lawyers or a reputable estate agents to ascertain the legal liabilities stated in the contract.Should I get a furnished or unfurnished house for rent in Toul Kork?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.Ms. Sengly, the owner of a rental house on the 2nd floor in Toul Kork said, "In the  past, I used to rent out my house without furniture. Later on, I had to  add kitchen equipment, a sofa, beds, cable TV, etc. This increases the tenants demand as well as the rental price."Getting a fully-furnished rental unit will provide convenience and comfort, especially for expats who who just want to live and work in Cambodia and would rather not worry about where to buy appliances. Fortunately, more and more rentals - be it apartments or condos - are offering fully furnished rooms.What are the rental prices and included amenities in Toul Kork houses for rent?Depending on your preference and needs, you may opt to rent a condominium in Toul Kork; you can get a furnished one-bedroom condo unit for $250 a month up to a four-bedroom fully-furnished lower-end unit for $2,000 a month near TK Avenue. Prime Units in Boeung Kak 1 have three bedroom units for around $2,100 a month. Serviced apartments are also widely available -- starting from $350 to around $4,000 per month, depending on the area, services, and amenities.The rental prices for a villa starts at around $550 and up -- depending on quality, rooms, and amenities such as swimming pools. Villa’s are more freely available for rent and sale in Toul Kork, as compared to prime inner city districts where the availability of villas are now very low, and also much more expensive than those in Toul Kork.An increasing number of borey developments are also popping up around Toul Kork, proving very popular with local buyers seeking shop houses and villas with sound infrastructure and a safe neighbourhood environment.What is the benefit of long-term rental and short term rental agreements?Usually the duration of the lease contracts range from 6 months to 12 months.Foreigners seem to have been more reluctant to long-term lease contracts and rather prefer short-term agreements with month-by-month payment scheme, since they usually don’t stay long.However, long-term lease contracts can have their perks: they presents a great opportunity for negotiations the deposit and monthly rent with the owner. Owners will most likely approve the request due to the long time rent prospect.Where do I start looking for rentals in Toul Kork?Finding a good rental space that suits your needs will likely take some time -- especially if you are a newcomer (more so as a foreigner) in town. Some people rely on private brokers who assist them during the house hunting. It's good practice to search for real estate agents who are under licensed companies. Renters do not pay any fee to the real estate agent, since they charge a commission to the landlords. We've compiled a list of reliable real estate agencies in Cambodia that can save you a great deal of time and offer services for FREE.Miss En Chansreyleak, Sales staff in the real estate company Yong Yap Properties -- one of the leading property service agencies for selling and renting real estate in Phnom Penh said, "As a standard for real estate agents, we provide services in a very efficient and trustworthy manner to our clients."Chansreyleak continued, "We understand the needs of the clients. In addition, we provide counseling and help solve problems they might face during their stay. Honesty and professionalism, this is what you should look for in real estate agents, to help find homes for rent or sale."Are there other options to look for properties on my own?You can visit Realestate.com.kh, the leading real estate portal in the country. Here you can freely browse among more than 45,500 properties of all types, filtering by price,location. etcWhat taxes do I have to pay when I rent?By law, when property owners lease to individual tenants, those must pay 10 percent of the monthly rent to the government. However, depending on the agreement between the landlord and tenants, in some cases the landlord can do that for them.In the past, the real estate entity would normally withhold 10% of the rent from the Lessor and in a sub-lease situation, the tenant of the real estate entity would withhold 10% of the rent on the sub-lease to the real estate company.  Instruction 18410 now provides for an exemption on the withholding tax on the sublease, if both the lessor and lessee are registered tax payers.Looking for real estate for rent in Phnom Penh? Or want to read about critical tips for prospective lessors? Check out Realestate.com.kh.

As many major residential projects reach completion across Phnom Penh in 2017, condos, boreys, and mixed-use complexes alike, industry insiders are becoming increasingly focused on what will become of these buildings once actively occupied with residents. More specifically, how well will the property be managed.Cambodia has traditionally been a market in which family-owned buildings are essentially managed by the family members with a sporadic collection of maintenance fees from tenants. Yet, in a 200+ unit condo tower, this model is shaky at best. “The gap comes from an overall lack of talent in the market, whether you are looking for an experienced Property Manager or Chief Engineer, or even Operations Manager,” says Sunny Soo, Managing Director of Keystone Property Consultants Co., Ltd., an international associate of Savills. “Unlike countries like China, Thailand or even Vietnam, property management in these markets is already a mature industry. Human resources is still a big issue here,” continues Soo.Simon Griffiths, Senior Associate Director at CBRE Cambodia, agrees, stating that, “there are very few experienced property managers in Cambodia - and not surprisingly so, given that Cambodia has been a low-rise nation up until the recent surge of development. This is accentuated by Cambodians not having the benefit to learn from previous generations - and in the property management industry, experience beats academic qualifications.” “Meanwhile, the legal framework has ‘grey areas’ - more grey than black and white,” says Griffiths. “With structural weakness in the legal system, there are owners/tenants who do not wish to pay their service charge and see it is optional for them often using any excuse or reason to avoid paying. If there is no money in the property management account for a building, lights are switched off, elevators are not fixed and staff are let go. Combine all the above factors and it is a difficult industry facing challenges,” he continues. “There is a gap currently between the expectation of the developer that is usually unattainable from the lower sum of management fee collection they would want to collect,” says Soo.Matthew Rendall, senior partner at Sok Siphana & Associates, a member of ZICOlaw, states “there needs to be a development of the owner-run body corporate culture (where owners come together as the management body and control the sinking fund etc). Failing this, the developers either have to manage the apartment blocks in perpetuity or risk the development falling into disrepair.” As many projects reach completion, dangers exist for the end buyer if a sound property management system is not in place. “The high-end, good quality projects would have hired foreign management firms to start with in the first place. As for the others, buyers should take note of the ill market demand of a lesser managed property and hence take corrective measures decisively, the sooner the better.A sound system will show up over time,” notes Benny Tan, Principal Consultant at Raffles Strata Management (Cambodia) Pte Ltd. “Remember that “cheaper is not better!” If you demand a cheap steak and then complain it is tough, you should not be surprised - you pay for what you get and it is the same with property management,” says Griffiths. “If a developer tries to sell you a condo unit with a cheap service charge, expect low quality and that the lifetime and value of your investment is at risk. $1 per square meter service charges in the residential condo sector as a general market practice guide are wrong - they are too low. Buyers must see the budget plan for property management from the developer. If the developer is not sure what this is, start to be concerned as property management is clearly being treated as an afterthought,” continues Griffiths. "It is highly advisable for potential buyers to scrutinize the sale contracts to identify precisely what the developer proposes regarding the ongoing management of the facility. This is as important as the quality and design of the structure itself.If the contract is silent or unclear on this point beware. Buyers should also look at the developer’s previous developments and judge them by how well they are managed (when deciding whether to buy into a developer’s subsequent development),” concludes Rendall. Yet, the market may be in the midst of a natural learning curve. “The other regional markets have had gone through the same. Such a gap exists initially but when the local market opens herself to the higher standards elsewhere and embraces the same, the gap gets narrower and vanishes eventually,” says Tan.By James Whitehead @ Realestate.com.kh This story was a co-production of the Khmer Times & Realestate.com.kh “Property” Liftout. The section is available every Wednesday in the Khmer Times newspaper, with 10,000 copies distributed across Cambodia every day. Contact us today for advertising opportunities in the Khmer Times/Realestate.com.kh Property liftout.