Q: How is the “One Belt, One Road” policy of China likely to affect the Cambodia real estate market prospects now and into the future, in your opinion?Vathana Heng - CEO, Century 21 Golden Realty“The Chinese initiative, “the One Belt, One Road” policy, is a great step forward in regards to economic integration and new trade arrangements across the Asian region. This initiative, coupled with the existing good relationships with other Asian countries, will surely result in remarkable growth in respect to Cambodian infrastructure and the real estate sector. The country will become more attractive for both local and international investors, triggering significant local development within a span of a few years.”David Marshall - Partner, Mekong Strategic Partners (MSP)“If funds are directed at infrastructural developments in Cambodia, particularly roads, ports and rail, it could make Cambodia a more competitive destination for manufacturing, and accelerate industrial development. This type of development would have clear economic benefits to the  country, which would flow into the real estate market - particularly in areas where the infrastructure developments will take place. As an example, one can look at the recent upgrading of National Road 6, and the outward trajectory of  development along that road: the housing and land prices of that area are now increasing at a very fast pace.”Ken Xi - Director, Union Development Group“The Belt and Road” policy is short for the “Silk Road Economic Belt” or the “21st Century Silk Road” initiative from China. Not only it will promote adherence to peaceful cooperation, openness, tolerance, mutual learning and interactive development, it will also focus on economic development, expanding employment, eradicating poverty, improving people’s livelihood and protecting the environment. Considering the above, Cambodia’s real estate market is likely to be at a high starting point within the development and construction sectors, gaining more global attention.”Nguon Chhayleang - CEO, Ratanaka Realty“China’s “One Belt, One Road” policy, also known as “China’s massive project,” is the strategy of the Chinese government to strengthen its economic powerhouse in Asia and all over the world. In this sense, China goes into Cambodia and ASEAN countries through government funding with the provision of funds to the government to build infrastructure. The impact of China’s One Belt, One Road policy on Cambodia’s real estate market therefore is likely to be positive. More Chinese investors will invest in the real estate and construction market.”Lately, numerous construction companies from China have come to the Kingdom, some of which are state-owned. Considering that developers will not have to pay downpayments to construction companies, this will leave them with more cash flow and encourage further investments in Cambodia. Lastly, the policy will further connect China and ASEAN countries giving a huge boost to the flow of goods.”Q: How will recent regulation changes restricting Chinese outward capital for international property transactions influence Chinese buyer flows into the Cambodia real estate market, in your opinion?Ken Xi - Director, Union Development Group“China recently introduced a foreign exchange regulatory policy with the main purpose of restricting speculative foreign investments - but the “The Belt and Road” construction project investment is not likely to be limited by this. During “The Belt and Road” Summit Forum on 14th -15th of May in Beijing, the Chinese Government established that it will create major foreign initiatives within  the areas of: infrastructure, trade and investment, financial support, cultural exchanges and others.I personally think that due to these initiatives, the future of Cambodian real estate is not only residential; but will also involve the tourism, industrial and logistic sectors. I also believe that the completion of Dara Sakor tourism and port city will attract a significant number of tourists from many countries - as well as investors, residents and workers.”Nguon Chhayleang - CEO, Ratanaka Realty“Based on my research, there have been over 1 trillion dollars of Chinese outbound investments. That capital flew out of China not just to Cambodia or ASEAN countries, but all over the world - and most of this capital landed in the real estate sector. Yet, China’s new regulations restricting outward capital for international property transactions are likely to have a negative but small impact on Cambodia’s real estate market.The Government’s restriction, as far as I know, still has loopholes - meaning that despite the restrictions, people can find a way to get the money out of the country legally. As an example, investors can open bank accounts in Hong Kong and then perform a money exchange from Chinese RMB to US or Hong Kong dollars. It is through Hong Kong bank accounts that Chinese investors can send money to invest in the real estate sector all over the world. Considering this scenario, I think that the Cambodia real estate sector will not be affected severely.”David Marshall - Partner, Mekong Strategic Partners (MSP)“Although China has introduced capital outflow restrictions for property, investments in Cambodian real estate, particularly those in retail and condominiums, would certainly not be affected. This is due the fact that many of the building projects may be under the restricted amount line (small size investment projects) and could also be funded by local banks. Some of the larger scale projects may be affected, but surely not the smaller scale ones.”Vathana Heng - CEO, Century 21Golden Realty“Personally, I believe that the new restrictions are not likely to have a negative influence on Cambodia’s real estate market. In the nature of an investor, especially Chinese investors, they will always find ways to circulate their capital overseas, and Cambodia is currently a popular investment location choice. The restriction is only with the purpose to organize the outflow funds, but opportunity gaps will always be available for the investors.”Read the latest and greatest real estate news on realestate.com.kh today!Click here for current real estate for sale in Cambodia and current real estate for sale in Cambodia

May of this year was when the first Cambodia Real Estate Show marked a milestone in the country’s real estate market. Not wanting to lose momentum, the show is set to make a comeback on the 6th and 7th of October 2017. It will be held at the NagaWorld Hotel in Phnom Penh and will provide a platform for local and foreign property investors to check out the offerings currently available in the Cambodian real estate market.  The last show attracted over 3,000 guests from all over the region, with over $3 Million worth of sales accumulated. These figures have created high demand for the second show from a number of agencies and developers in the market.“We were very satisfied to be a part of the inaugural Realestate.com.kh Cambodia Real Estate show at NagaWorld. The event enabled our team to generate a significant number of direct sales and many good quality leads for prospective buyers. We are looking forward to the next event organized by the Realestate.com.kh team,” said Mr. Laurence Hamilton, Vice President of NC Max World Real Estate Development.With this heightened interest in the second show, both returning and new Borey developers have already signed up and will be given the chance to experience even greater success at the October show!The Creed Group will once again be one of this show’s exhibitors after hitting it big in the first show, gathering over 21 unit bookings and reservations for their various projects. They will once again be presenting and promoting the Bodaiju Residences, Borey Maha SenSok, and the Arata Garden Residences.Star 5 Developer Pvt Ltd and the Boao Hongkai Group will be joining The Creed Group in order to exhibit their high-quality projects. Both developers have had various international experiences in countries like Vietnam, Thailand, Malaysia, Vietnam, Myanmar, Bangladesh, and Laos. These range anywhere from residential, commercial, to mixed-use developments. Some of the projects in Cambodia under Star 5 Developer Pvt Ltd include the Skyland Condominium, Skyland Villas, and Starland. Meanwhile, the Chinese developer Boao Hongkai Group is set to turn over the Borey Bo Ao units by the end of 2017. 50% of all the residential units have already been sold and are ready for occupancy.Renowned local development firm Orkide Villa will also be at October’s show, exhibiting Orkide The Condo amoung it various other borey projects in Cambodia. Other than the influx of interest from Borey developers to showcase their projects at the show, there will also be other activities such as extended seminars for property buyers, sellers and investors in English, Khmer and Chinese, and panel discussions on topics relevant to the market in 2017. CEO for Realestate.com.kh, Thomas O’Sullivan explains that, “during the show, attendees will also be able to watch various educational seminars which will assist property buyers and investors understanding the market, the legal obligations of property ownership, and to help them to make educated decisions when purchasing real estate in Cambodia. Education of the market and protecting our customers’ long term interests is always a prime concern.”Realestate.com.kh will bring a yealy real estate to Cambodia. Keep track the updated infomation of the comming Real Estate Show in 2018! Do you know over $20 million of property sold at the Cambodia Real Estate Show?   Want to invest in Real Estate  for rent in Phnom Penh with Realestate.com.kh.

Located in southern Cambodia, Kampot has been attracting investors’ attention in recent times owing to the latest mega development project announced for the province.The first large-scale international project slated for the region is called the French Riviera Marina; a project valued at $23.2 billion to be constructed along the coastal area of Kampot and Kep - see Realestate.com.kh's Kampot and Kep sees 23.2 billion dollars invested for more information.According to the developer, the Pallas Group, the French Riviera in Kampot will offer a secure oceanside parkland community - consisting of hotels, villas, apartments, a water park, private and artificial beaches, a golf course, a marina, an amusement park and a shopping center, among other facilities. It will also play host to schools and a health center, and its parts will be interlinked by canals and cable cars.The Pallas Group aims to make the southern province of Kampot into a world-class tourist destination. According to the company's website, the site will occupy 6,056 hectares of land alongside the gulf of Thailand, while company documents seen by Kyodo News also showed a planned smaller development in neighboring Kep Province will cover 144 hectares.The company's Vice President Siriluck Choochart said: "the French Riviera Marina and Kep Marina projects will become world-class destinations for living, business, tourism and film production. Pallas will create thousands of jobs during the construction with more than 50,000 direct and thousands more indirect employment opportunities servicing the developments."Ms. Choochart added: "each of our projects has been designed to be in complete harmony with the environment utilizing advanced construction methods and the highest grade materials. They will be the last word in exclusivity and luxury."Commenting on this project, Mr. Sok Ken, founder of Kampot Property, said: “Kampot will soon become one of the most attractive tourist destinations in Cambodia, welcoming a lot of local and international tourists every year”.“The latest mega project French Riviera Marina represents a big boost to the province’s real estate transactions; with prices of land climbing noticeably month on month. The project will turn the province into an attractive and modern city, brimming with residential, commercial and tourism-focused projects which play a vital role in bringing other development to the province.”“Other development projects such as borey, resort, hotel and entertainment will further push real estate growth in Kampot. There are many development projects underway in Kampot with major investors coming from Europe and China. In addition to European and Chinese investors, there are also many local Cambodians interested in buying land in the province,” according to Mr. Sok.Regarding land type and price in the province, Mr Sok said there are three types of land: coastal land, river land, and foothill land. The river land type is seeing remarkable price increases - with prices ranging from $60 to $250 per square meter depending on its proximity to Kampot city. The first tourism seaport in the province due to start in September will also contribute to a rise in land prices compared to three years ago.In 2016 Kampot province welcomed about 900,000 foreign tourists and the proposed tourism seaport project will likely attract more foreign tourists into the province. The $18-million tourism seaport due to come into service by 2019 is expected, by a recent ADB report, to service 360,000 international and domestic tourists yearly when it opens, and 442,900 by 2020.Mr. Mam Sereypanha, Chairman & CEO of Easy Realty Property Investment, said: “real estate in Kampot is seeing rapid growth because recently more and more local and international buyers flock to buy land and property in the province with suitable prices. Most Khmer buyers prefer to buy the land and house along the riverbank thanks to a good atmosphere there.”Kampot is especially attractive for investors now as land prices in nearby beach-city Sihanoukville are skyrocketing, buoyed by an inflow of Chinese investors who are pushing prices higher than local and non-Chinese investors are willing to pay.Mr. Brad King, of KohrongProperty.com, says that speculation from investors, in particular the Chinese, “is pushing Sihanoukville land prices higher than similar plots of land along Thailand and the Philippine Coastline.This is stunting ongoing investment on the mainland, and price speculation is becoming ridiculous. Average land prices are over $1,000 along the Sihanoukville coastline.”Mr. Mam added: “currently real estate transactions in Kampot have increased remarkably compared to the previous year with selling and buying prices rising above the rental market. There is notable investment moving in thanks to some major projects such as sea port development. In order to attract more investors into the area, we need to establish more factories and expand more tourism areas to attract more people to work and visit the province.”Read more article about How to invest in Land in Cambodia for foreignersCheck out property for sale  in Kampot and property for rent in Kampot on Realestate.com.kh

The coastal province of Kep in southern Cambodia is just 146 kilometers away from Phnom Penh. The province looks set to attract increased investment in the near future due to low land prices compared to its seaside neighbour Sihanoukville - and an undeniable potential for eco-tourism. Kep is only 125 Kilometers away from Sihanoukville and just 44 Kilometers away from Kampot, another province seeing increased interest from hospitality and tourism investors.The Provincial Governor of Kep, Mr. Ken Satha, mentioned to press that, “We are in the stage of working out a master plan project for our province’s development which will empasise eco-tourism. Although we haven’t yet got an official agreement from the Ministry of Land Management, Urban Planning and Construction, we are still progressing our master plan to develop more infrastructure. [in Kep] ”Sok Ken, the founder of Kampot Property, said: “Kep is one of the country’s attractive coastal tourist destinations, welcoming as many local and international tourists as its coastal peers. Even though there are now not many major projects underway in Kep, this attractive coastal province is likely to be the next real estate development target for foreign investors owing to its cheaper land price and tourism potential”.Mr. Sok added: “after Sihanoukville and Kampot see full development and land price reaches its peak, investors will look for similar potential investment opportunity and Kep is the most favourable place for investors’ next real estate development. At the moment, cheap land price in Kep is a very good opportunity for those investors looking for potential return investment”.“Land prices around the White Horse roundabout near the highway in Kep are currently priced between $35 and $40 per square meter; while land price around Kep market is between $90 and $150. Land prices around the coast are more than $200 per square meter,” notes Mr. Sok - Searching for land for sale in Kep is available now!Mr. Mam Sereypanha, the Chairman and CEO of Easy Realty Property Investment, said that, “at present, land prices around the coast are between $150 and $400; and other parts of the province are below $100. Buyers mostly purchase land for investment such as building hotels and resorts to accommodate tourists.”For Mr. Mam, foreigners tend to relocate from Siem Reap, Sihanoukville and Kampot to Kep province for more quiet life, buying cheaper land for residential purpose. Improving infrastructure such as road expansions around the province, together with big hotels and higher quality resorts, offer more incentives for these types of investors to move into Kep homes.  “In recent times real estate transactions in Kep have risen from 20 to 30 percent thanks to its future eco-tourism potential and the government’s willingness to develop more infrastructure in the province to attract more local and international tourists. Real estate prices in Kep might rise further, especially for those wanting to buy land for residential purpose,” according to Mr. Mam.Kep is especially attractive for investors now as land prices in nearby beach-city Sihanoukville are skyrocketing, buoyed by an inflow of Chinese investors who are pushing prices higher than local and non-Chinese investors are willing to pay.Currently, land price along the coast in Sihanoukville is much higher than that in Kep province, mainly due to the price speculation from deep-pocketed Chinese investors. This will push other investors to pull out of Sihanoukville and consider investing in similar potential coastal provinces such as Kep and Kampot with less competition and cheaper land prices - Searching for land for sale in Sihanoukville!According to Mr. Brad King of Koh Rong Property, speculation from investors, in particular the Chinese, “is pushing Sihanoukville land prices higher than similar plots of land along the Thai and the Philippine coastlines.”“This is stunting ongoing investment on the mainland and price speculation is becoming ridiculous. Average land prices are over $1,000 [per square metre] along the Sihanoukville coastline,” believes Mr. King.Real estate agents in Kep are optimistic that with the government’s plan to build more infrastructure in the province - such as road expansion, eco-tourism protections and seaport projects underway in neighbouring Kampot - there will be more tourists coming into the two provinces very soon, for instance ADB injects 1M into Eco-Tourism.More tourists in Kep will drive more residential development projects in the province such as hotels, resorts and guest houses, eventually pushing general real estate prices higher, according to the local real estate agents.Want to learn more? Check out other great resources on Realestate.com.kh now! Go to our Location Profiles and Investor Guides pages for more information!Search our current property for sale in Kep or property for rent in Kep on  Realestate.com.kh!

Knight Frank, the independent global property consultancy, has recently released a new report on the Asia-Pacific Prime Office Rental Index for Q2 2017. According to the report, the index increased 1.2% quarter-on-quarter and 0.6% year-on-year as at the end of the second quarter of 2017. There are office spaces available in Phnom Penh, you may want to know how to choose the best working space!The increase in the index was the result of rising rents in 15 out of the 20 markets tracked over the quarter. Phnom Penh topped the chart this quarter at 4.2% increase quarter-on-quarter, compared to a flat performance in the last quarter, says Knight Frank report.The completion of Exchange Square not only set a new benchmark standard for Grade-A office, but its strong pre-commitment level also boosted prime rental levels in the Cambodian capital.In the first half of 2017, the regional economies of China, ASEAN-5 and Japan performed considerably better than expected, as the IMF revised its growth projections upwards for emerging and developing Asia.Nicholas Holt, Head of Research for Asia-Pacific, says, “The pickup in global trade and domestic demand has negated geo-political risks to a certain extent, thereby providing a strong foundation for the Asia-Pacific prime office markets.” Over the next 12 months, Mr. Holt expects rents in 15 cities out of the 20 tracked to either remain steady or increase, which is the same as his previous forecast.Meanwhile, the latest report by Knight Frank Cambodia shows that as at H1 2017 the Phnom Penh office stock was recorded at more than 330, 000 sqm of net lettable area (NLA) showing a 21% increase in office supply when compared with over 271, 000 sqm of NLA recorded at H1 2016.During H1 2017, more than 48, 000 sqm of office was delivered across 8 projects with Exchange Square being the only Grade A building adding approximately 18, 000 sqm to the prime office supply. The new supply included City Tower Asia, Bred Bank building, Sokea International,  Aston Tower, Time Tower, Lone Building and 79 Office Tower.However, according to Knight Frank Cambodia report, the majority of the existing office supply remains Grade B and C buildings while Grade A office represents only 16% of the total supply. This share is expected to rise significantly as 72% of the incoming supply is Grade A space as developers shift focus from residential development to commercial development in view of current supply and demand dynamics.Overall office occupancy showed an increase of 2.5 percentage points QoQ from 82.7% in Q1 2017 to 85.2% in Q2 2017. Grade A office occupancy has reached 59.8% due to the successful pre-leasing of Exchange Square and the leasing of space within Vattanac Capital.Asking rents for prime office space as at H1 2017 ranged from US$19 to US$38 per sqm per month. The completion of Exchange Square during the second quarter of 2017 has resulted in a stabilisation of rental prices for Grade A offices leaving potential tenants in a stronger negotiating position.Ross Wheble, Country Director of Knight Frank Cambodia, expects demand for office space in Cambodia to increase over the medium term as the kingdom continues to attract foreign investment. However, the significant Grade A incoming office supply will require suitable pricing in order to attract tenants.Looking for office for rent in Cambodia? Or looking for real estate for rent in Phnom Penh? Find it on Realestate.com.kh!

In order to get the best insight into the future of the Cambodian market, one needs to examine its complexities by looking at past trials and victories, current events, and the outside factors that contribute to its growth. This is exactly what Dr. Sok Siphana, founder and managing partner ofSok Siphana & Associates, said during his presentation at the Cambodia Real Estate Show in May this year.Where does Cambodia stand?Siphana explains that Cambodia has progressed significantly in the last two decades, backing up his claim with data gathered by ASEAN and the AmCham of Singapore. It is thanks to Cambodia’s economic progress that not only has the country been listed as one of the “Olympians of Growth,” joining the ranks of China, Laos, India, and Vietnam - but also listed by the Asian Development Bank (ADB) as one of the new “Tiger Economies In Asia,” and declared a lower-middle income economy by the International Monetary Fund (IMF).  Siphana confirms that trade, which is growing in leaps and bounds, is one of the key drivers of the country’s economy. In fact, Cambodia is an active trading partner of ASEAN as well as of other major markets like the EU and the US – focusing on exporting finished goods directly to the market and importing raw materials for the industrial sector. In 2015, the export volume worldwide amounted to $8.5 billion and the import volume a whopping $10.6 billion. He explains that the increasing trade volume was due to growth in agriculture, manufacturing, and the construction boom that Cambodia has been experiencing.“For 20-something years we have managed to come from a war-torn country - with nothing - to being an Olympian of Growth. So, we must say that we are doing very well,” Siphana confirms.He also attributes the growth to the accession of Cambodia to the WTO; explaining that in 2004, Cambodia joined the WTO and that is when the country opened up the whole economy, and the effect of this economic liberalization begun to take place. And that explains why Cambodia is now doing so well. But the question remains. With everything happening now, will Cambodia remain a growing economy?How are world events going to affect the Cambodian economy?Siphana paints a backdrop using world events to portray changes that may occur in Cambodia in the near future.He explains that Donald Trump’s victory will cause divisions - as a result of his “Make America Great Again” movement; and that America’s gain may be at the detriment of others. The relationship between the US and North Korea is also worrying. A threat of nuclear war has the world unsettled.A glimmer of hope, however, lies in increased Chinese investments – especially with the Belt and Road Initiative well underway. Siphana assures that while Cambodia is not exactly in tranquil waters, because of some regional issues, this isn’t enough to cause an egress in the economy. Nonetheless, he explains that on the issues of the South China Sea, the willingness of President Duterte to open a dialogue with China has resulted in less tension at the ASEAN summit, showing the possibility of more stable waters to sail in future.Interest in ASEAN remains high with some people still wanting to invest in this potential association. In this context, Siphana praises Cambodia’s economic performance and potential, saying: “for Cambodia we’re not doing so bad. There’s still some serious investors very keen to invest in the country. We still have a very strong attraction in terms of people who come to invest in ASEAN. And people in ASEAN invest in Cambodia.” Still, some of Cambodia’s biggest investors so far come from China, Japan, Thailand, Korea, and the U.S.What policies are being developed to strengthen Cambodia’s economy?The vision of the Royal Government of Cambodia is to create a modernized industrial make-up for the country - a make-up that focuses on being a skills driven industry rather than a labor intensive one. With this aim, Cambodia needs to strengthen its linkages with the regional and global value chainsand deepen its integration into regional production networks by developing clusters of interconnected manufacturing production. Furthermore, Cambodia needs to strengthen the competitiveness and productivity of its domestic industries by moving toward modernizing technology and knowledge based industries.Trade, one of the biggest industries in the country, has thus far shifted from focusing on wood products and textile towards industry and technology, paving the way to a steady progression toward diversification, according to Siphana.He concludes by saying that there is a tendency to look at Cambodia as just a small market - but clarifies that owing to Cambodia’s openness to international investment, “even though we are a small market, we are nonetheless now a gateway to ASEAN - which is a huge market.”Find out why regional investors and developers opt for Cambodia! Or looking for the property for rent in Cambodia?

As foreign direct investment in the country grows stronger each year through various industries, the real estate sector is now also becoming an attractive market for foreigners. But unlike other countries, ownership in the Kingdom is bound by numerous laws.Realestate.com.kh caught up with Matthew Rendall – Senior Partner at SokSiphana&Associates and a member of Zicolaw – to get a clear picture. History of Cambodian Law:Much like the country itself, Cambodian law has evolved through time. Rendall explained that “Cambodia used to be a French protectorate way back when it was a civil law country and it has come back to that over the years. Cambodia “retained the civil law even after independence”.From 1975 to 1989 ownership in Cambodia was not allowed at all. However, it was reintroduced in 1989 but only for residential properties; it was not possible to own land in Cambodia legally until 2001.Essential Laws on Foreign Ownership:Rendall suggests that foreign investors look at Cambodia’s important foreign ownership laws before coming to invest in the Kingdom. Those laws include the 2001 Land Law, the 2007 Law on Commercial Enterprises, the 2010 Law on providing foreigners with ownership right in private units of co-owned buildings, and Sub-decree 82 on proportion and calculation of percentage of private units that can be owned by foreigners in a Co-owned Building. The introduction of these laws allows foreigners to acquire interests in properties using various methods.Strata Titles:Strata titles allow foreign ownership of up to 70% of the co-owned buildings, provided that foreigners do not own any real property on the ground floor. However, Rendall stresses that strata titles are not applicable for all buildings. Older buildings before this law was enacted would have to reapply as a co-owned buildings in order to legally issue strata titles. Yet reapplying will present a dilemma due to the land matter. He explains, “The reason was that the person on the ground floor, as far as they and the law was concerned, owns the land. So, if that building falls down, the only person with anything is the ground floor apartment owner because they own the land. The people above merely own the airspace. So, there was value in having the ground floor apartment because their name was on the only real title, the ground floor. The rest are simply recognized as possessors at the municipality of their apartments above it.”He continues, “So, if I wanted now to own the apartment legally, I would have to convince all those apartment owners to hand in their title deeds; we’ll go down to the Ministry of Land and re-register this entire block as co-owned; we’ll issue title deeds. However, we now all have exactly equal value because under the new system, nobody owns the land. The land is owned by everybody.”The problem here is that the ground floor apartment owner may not be too keen on losing 90% of the land ownership.Company Structure: Is establishing Establishing a Landholding Company: The Best Mechanism for Acquiring Foreign Ownership of Property?According to the 2007 Law on Commercial Enterprises, a foreign entity may take an ownership interest in land through the formation of a company, provided that 51% of the ownership is by a Cambodian citizen.Foreigners may opt to set contracts and documentation in place such as a powers of attorney, proxies, and shareholder agreements to safeguard their investment and to obtain control over the company, says Rendall. However, foreigners can also further protect their investment by forming two companies.He explains it’s much safer and efficient to acquire property with a Cambodian Citizen through the company structure, gain control over the company legally through proper documentation, and then lease the property to a second company that you’ve created and what is 100% owned by the company. By doing so, the business aspect is separated from the land aspect of your investment.Cambodian Citizenship:Another way to own land in Cambodia is through citizenship. With this, Rendall explains that is common in many countries, foreigners can apply for citizenship through investment; a minimum investment of $250,000 will entitle a person to apply to become a Cambodian citizen, thereby liftingany restriction the foreigner may have had in terms of owning land. A lot of companies send delegates or representatives, invest the amount required, and then have that representative apply for citizenship in order to acquire the land directly.He adds $250,000 might not seem a lot of money, but during the time the law was created, this was a different value (than it is today).Although complicated at the first glance, the Cambodian legal system offers many ways for foreigners to legally own property. However, in order to avoid any unpleasant situations, we strongly recommend to seek the help of a professional and reputable law firm before committing to any investment.Find out about foreign ownersip in Cambodia on Realestate.com.kh! Or looking for land for sale in Phnom Penh? Check out with Realestate.com.kh now!

Your design unlock your dream l!This is an application details of DREAMGIRLS Design Contest in this year.Please check it up.The deadline is 1st design submission is 29th August.How to apply① Prepare A4 paper②Draw the line like the sampleThe size is 25cm from the bottom③Fill your information of ①-⑥ like the sample（①-③ are required）④Draw your design（You can use any materials, like pencil, water color pencil, paints, illustrater, photoshop and so on. ）Find the best real estate news on Realestate.com.kh

Located on Chroy Changvar Peninsula, Sokha Phnom Penh residence is one of the only locations where you can find tranquility and be at proximity of everything you possibly need at the same time. 12km from the International airport, Sokha service apartment lies on a 20 floor story building consisting of 195 apartments. Provides the best view on the Royal Palace, National museum and city itself.Our Studio room (52sqm), One bedroom (90sqm), and two bedroom selection (up to 104 sqm) of Apartments are designed to meet your absolute comfort. Mixing style and convenience, the equipment and amenities at your disposal are of high standards. A fitted Kitchen, a laundry, home entertainment and a high speed internet connection to enjoy the daily pleasures of a good life style.In addition Sokha Phnom Penh apartments is within the Sokha Phnom Penh 5* hotel. It provides numerous onsite complimentary facilities and services such as:    A fitness center to keep you in shape, Jacuzzi, Steam room and Sauna. The biggest swimming pool in Phnom Penh to cool down after a hard day of work or to enjoy with the family at any time. Two tennis courts.  Two free parking space, 24 hour security, business center, hotel concierge services, daily schedule bus or Ferry boat to help you get to where you would like to go.Also available:      Jasmine Spa which provides rejuvenating massages at special residential price. Nine food and Beverage outlets: Lotus (For Daily breakfast buffet), Champa (Bakery, pastry and an “ A La carte” brasserie type menu, Chaktomouk (Pool side restaurant),China House (Chinese restaurant), Bel Cibo (Italian restaurant), Takezono (Japanese restaurant), Tonle Sap (Asian & Fusion dining), Wave club (Lounge disco offering evening bites), Karaoke (International)Mr. Benoit Jancloes, General Manager of Sokha Phnom Penh Hotel & Residence which has been living in Cambodia for over 21 years said: “The supply in service apartments increases day by day. It makes the war of price more apparent.“Sokha today, offers special rate starting from only $898 per month. In comparison, other competitors might be a little cheaper. Many of whom cannot compare with 5* services, facilities, view, tranquility that Sokha apartment provides.We welcome anyone to come and visit our serviced apartments today!

On the 20th of August, 2017, Creed Group will officially open the “ARATA Garden Residences” (ARATA). Creed Group is a Japanese real estate firm with more than 20 years of experience in the real estate market of Japan, and has been investing in the growing real estate markets of Malaysia, Vietnam, Myanmar, Bangladesh, Laos and Cambodia since 2012. ARATA is Creed’s third project in Cambodia -- made possible with the help of local investor “Triple Gem Assets Co., Ltd.”Creed Group's first project is the condominium “Bodaiju Residences”, located just opposite of the Phnom Penh International Airport. The second project is “Boray Maha Sensok”, which will be completed at the end of 2017.Creed and Triple Gem have started cooperating with another Japanese developer “Hoosiers Holdings” for ARATA. Hoosiers has developed 261 projects and 20,000 units since its establishment in 1994. It is listed in the First Section of the TSE (Tokyo Stock Exchange). Creed and Hoosiers will be bringing the “Japanese way” of managing, construction quality, and landscape design into Cambodia.ARATA is composed of more than 500 units for phase 1. It provides various selections of house types such as Shop Houses (A&B), Luxury Link Villas (A&B), Twin Villas, Jack Villas, Queen Villas, and King Villas.It also offers a variety of facilities such as a swimming pool, a kiddie pool, a playground, a coffee shop, a mini mart, gym, a badminton court, and a regular shuttle bus to the 2nd AEON Mall. The projects focuses on being a modern and fresh living environment. It's a large-scale landscaped development that can sustain the thick and abundant greenery for a very long time. This results in creating a more pleasant environment for the entire district over the years. ARATA means “New” in Japanese and "Thmey" in Khmer, inspired by “Phnom Penh Thmey”.One of the advantages of ARATA is its remarkable location. It is located at Banla Saet Village, Sangkat Khmounh, Khan Sen Sok, Phnom Penh, which is one of the fastest growing areas in terms of land price and population, and on the 40-meter wide road according to Phnom Penh’s master plan. Moreover, it is only about 800 metres away from Hanoi Boulevard and has easy access to the 2nd AEON Mall, Makro wholesale, and other business establishments.Besides its location advantages, the iconic architecture is designed by Japanese Architect Hisaya Sugiyama, principal at Quincy Studio Inc. One of his outstanding concepts is the park along the 40-metre-wide road. The 1 hectare of the park is uniquely landscaped, running vertically from east to west. And the ground is purposely uneven to create the walking trails and the shades. It is designed for the residents and the neighbours to gather and create a community space where they can walk, sit on the bench and chat, relax, dance, or play sports on the grass.Get more information about ARATA Garden Residences and learn more about Cambodia’s newest developments by visiting Realestate.com.kh!

Looking for your first home is a big step in your life. Scouting for a good location, picking a type of house, fixing your budget, then finally moving into the property is a long and often stressful process. And while you may have found a good home, it may come empty and needs a bit more personalization. This will be another task that will take time, money and attention.Below are a few basic tips for first time homebuyers to help decorate and settle into your new home, thanks to Realestate.com.kh:Interior design concept:Before you get started, consider what your design concept will be and what you personally want  for your house. In line with this, there are three type of concepts you can select, including traditional, modern, and contemporary. Whatever concept you choose, the overall goal should be to turn the empty space into a flexible and multi-functional area.In Cambodia, people believe in feng shui, and believe this layout offers more luck for the family. So, you should consider this concept when renovating and decorating in Cambodia - as it will boost your chances of a higher resale of the property in future.Budget plan:Homeowners will always need to have a budget plan before considering any plan of the interior design of the house. You can have a design firm check to see if the master plan will fit into your budget. A render sketch is first designed by the interior designer to show the property owner for approval. After this, a clear quotation is issued. You can now use this to cross-check if the design fits your budget.  Normally, for this service, a minimum price starts at around $4,000 in Cambodia. However, you can spend more or less depending on the type of materials you prefer.Materials:Material is a significant factor that can help your house become more attractive. There are many types of materials you can choose from, including either recycled or modern material. In Cambodia, however, recycled material sometimes costs higher than modern materials due to the lack of resources - including equipment and specialists. The quality of materials determine the price of each material type.Contractor and interior service:Choosing an interior design firm doesn’t mean you choose the contractor. You can choose the interior firm for both designing and construction services. But you can also hire them separately. As a suggestion, homeowners should avail of both services from one company because it’s easier in terms of coordination. Hence, the process is bound to finish on time and to spec.Keep your eyes on the interior designer firm:You can let the contractor do their work, but you need to check on the progress of the design in order to make sure everything is done correctly and that everything will be completed as scheduled. Ensure that the materials you ordered are not being exchanges for cheaper replacements, and make sure that workers are not cutting corners in the work.Find out more about making the most out of your property investment on realestate.com.kh today.

Knight Frank Cambodia, a leading independent real estate consultancy in Cambodia, released its latest half yearly commercial and residential report for 2017. The report highlights 4 main sectors: office sector, retail sector, serviced apartment sector and condominium sector. Phnom Penh office sector:The Phnom Penh office space supply saw a 21 percent rise in the first half of 2017 compared to the same period last. Almost 50, 000 sqm of office space was delivered across 8 projects with the majority of the supply remaining Grade B and C buildings. Grade A office space represents only 16% of the total supply. According to the Knight Frank Cambodia report, as at H1 2017 the Phnom Penh office stock was recorded at 330,085 sqm of net lettable area (NLA) showing a 21% increase in office supply when compared with 271,913 sq m of NLA recorded at H1 2016.During H1 2017, 48,217 sqm of office space was delivered across 8 projects with Exchange Square being the only Grade A building adding approximately 18,000 sq m to the prime office supply. The new supply included City Tower Asia, Bred Bank building, Sokea International, Aston Tower, Time Tower, Ione Building and 79 Office Tower.With the share of Grade A office space supply expected to rise up to 72 percent as developers shift focus from residential to commercial development, rental prices for Grade A office space remain flat.As at H1 2017, asking rents for prime office space ranged from US$19 to US$38 per sq m per month. The completion of Exchange Square during the second quarter of 2017 has resulted in a stabilisation of rental prices for Grade A offices leaving potential tenants in a stronger negotiating position, according to the report.Regarding office sector outlook, the report predicts the office stock to reach 529,143 sqm within the next 3 years increasing the supply by 60%. Demand for office space is expected to increase over the medium term as Cambodia continues to attract foreign investment.However, the significant Grade A incoming office supply will require suitable pricing in order to attract tenants. Grade B and Grade C office buildings are likely to maintain their occupancy levels in the region of 85%.PHNOM PENH RETAIL SECTOR:At present, Phnom Penh retail is the most dynamic sector with new retail formats and operators continuing to enter the market. New entrants mostly came from the United States and Europe.According to the report, Phnom Penh’s retail sector is expanding with 267,870 sqm expected to come online within the next few years bringing the total supply to 430,275 sqm.The incoming supply will likely impact rents as landlords seek to retain existing tenants with prices and rental average asking rents for prime retail units (below 100 sqm) in prime shopping centres remaining flat. However, Vattanac Capital Tower maintained its leading position in terms of prime rents– up to US$70 per sq m per month, says the report.  Lower rates were noted in secondary malls like Sorya Center Point and depend on a number of factors such as tenant brand, the size of the unit and its location within a project. They vary from US$10 to US$22 per sqm per month for anchor tenants while the smallest units below 10 sqm find tenants for a rent of up to US$250 per sq m per month. Ross Wheble, Country Director of Knight Frank Cambodia, anticipates that the remainder of 2017 will continue on this upward trend with food retailing expected to account for the largest share of the market.Mr. Wheble points out that in addition to the incoming retail supply, the arrival of new international retailers is another sign of the potential that Phnom Penh is holding. European and American brands are gradually entering the market increasing the retail offer.PHNOM PENH SERVICED APARTMENT SECTOR:With new entrants to the market including one of the biggest international operators of serviced residences worldwide, The Ascott Limited, the serviced apartment sector in Phnom Penh is set to become more competitive with concern of the glut in the market.  According to the report, eight serviced apartment buildings completed during H1 2017, bringing the total supply to 4,531 units being monitored in Phnom Penh, recording an increase of 6.9% compared to Q4 2016.The increasing supply has placed downward pressure on monthly rental prices (figure 9) with central locations commanding an average monthly rental price between US$18 to US$30 per sq m, while average rental prices for mid-tier units fall between US$9 to US$16 per sq m per month as at H1 2017, says the report.Despite concerns of an oversupply, the serviced apartment sector recorded an occupancy rate of 70% over H1 2017. PHNOM PENH CONDOMINIUM SECTOR:Over the last five years, Phnom Penh condominium sector has been seeing an increase in supply, especially in the high-end segment thanks to its relatively attractive rental yield.According to the report, condominium supply was recorded at 4,794 units as at H1 2017 with an additional supply of 1,392 units. Despite an oversupply situation in the high-end segment, condominiums that are priced below $50,000 are recording strong sales. Commenting on this, Mr. Wheble said: “buyers are adopting a wait and see approach that can be partly attributed to the uncertainty surrounding the general elections in 2018. Prime locations like BKK1 and Tonle Bassac still command the highest rental rates as demand still outstrips the existing supply. In view of a slow down in the market, several developers have ceased sales and are returning buyer deposits.  The average monthly rent in prime locations ranges between US$16 to US$26 per square metre while outer areas command rents between US$9 to US$12 per square metre.  With regard to the condominium sector Outlook, Mr. WHEBLE stressed that the challenge in attracting buyers requires developers to provide better quality and well managed projects. The anticipated oversupply of high-end apartments and the uncertainty surrounding the upcoming general elections have impacted on the condominium sector.Download the full report today!Find out the best real estate news on Realestate.com.kh

Located in the northern part of Phnom Penh City, Toul Kork is increasingly attracting both expats and locals, largely because land prices in BKK have skyrocketed in recent years. The peak land price in BKK has changed newcomer’s mind by choosing to move to cheaper but potential location such as Toul Kork. Currently, Toul Kork is becoming more popular for newcomers, especially foreigners seeking permanent residence in Cambodia.Sorn Seap, founder and director of Key Real Estate, said: “Toul Kork has been regarded as a great residential area for a long time ago with many special characteristics. It is considered as the second best residential area after BKK, the best location in Phnom Penh. Recently, there are a few new projects underway such as The Gateway and Phnom Penh City Center, which contributes to Toul Kork’s attractiveness.”Mr Sorn explained that the development process with regards to residential and commercial operation in Toul Kork is quite similar to BKK. Therefore, how BKK has developed will apply to Toul Kork. In the near future, we will have another BKK area in Toul Kork.”Houses for rent and sale in Toul Kork vary in price based on locations, sizes, and functions. Villa house, in particular single villa house, is a good option for office spaces. But if you want to use your property for commercial purposes, you can consider flat houses which can be used as a shophouse.According to Mr Sorn, “Prices of Villa house range from $700,000 to $2 million. Prices of flat houses along the main road ranges from $300,000 to $600,000 while prices of those along the small roads range from $100,000 to $200,000”.“Renting price of villa house ranges from $2,000 to $5,000 per month, while renting price of flat house or shophouses ranges between $1,500 to $2,500 and $350 to $650 per month for the main roads and small roads respectively.”Check out all type of property for sale and rent with Key Real Estate.  A report released by VTrust Appraisal says that there was a slight increase in land prices in the area from 2013 to early 2016 which moved average rates from $2,150 to $2,530 per square meter. Prime commercial streets have also been reported to reach up to $5,750 per square meter in central Toul Kork. The lowest land price average comes from the Boeung Kak Ti Muoy Sangkat, at $1,820 per square meter. The highest land price average comes from the Phsar Depou Ti Bei Sangkat, at $3,630.“Over the last decade, Northern fringes of Tuol Kouk district were the first main destination for residential relocation because of its available large portions of vacant land and a neighborhood of the central parts of the capital,” according to the report.Specializing in all types of property for rent and sale throughout Toul Kork area, Key Real estate has more than 10 years of working experience with both local and international teams.With a vision to provide the best quality services for all property valuation in Cambodia, Mr Sorn concluded that Key Real Estate strives to offer its clients better and more reliable quality service, aiming to contribute to the growing Cambodia’s real estate sector. Key Real Estate is your win-win partners!”Learn more about hot location for home buyers in Toul Kork!

Developing a relationship with each and every customer is very important for real estate agents, as in understanding and recalling the history of every single property in your database. And these things must continue for the life of that customer - and of the property. But this task can be fairly difficult if you’re trying to grow your business in a rapidly expanding property market like Cambodia using basic management mechanisms such as paper documents and simple digital sheets.As the Cambodian market develops and competition grows from international agencies entering the market seeking new opportunities, those agencies managing their business without technology will quickly fall behind.For this reason, realestate.com.kh has brought the market a world-class Customer Relationship Management (CRM) system - available now! The system can also be coupled with professional website solutions, perfectly suited to real estate agencies. The CRM has been customized to Cambodia real estate conditions and thoroughly tested with a number of local agencies.Why Use a CRM?Managing your property listings, agent team, customer database and marketing from a single, easy to use system can allow you to build a secure database for your business, and make life easier on a day to day basis.Meanwhile, understanding the performance of your team and business as a whole is invaluable.This can be done real time with the realestate.com.kh CRM, and performance can also be indexed over weeks, months and years. A quality CRM allows you to grow your business sustainably, based on performance and realistic predictions - as opposed to guesswork.With the realestate.com.kh CRM you will know exactly the value each agent brings your business; in terms of new listings created, new clients introduced, and revenue for your business. You will also be able to diligently track the history of your property portfolio, as to never miss the next opportunity.Listing & Customer Management:With a multitude of properties in your portfolio, there’s a high possibility of losing track of important details – whether of transactions, inquiries or key documents. And looking for that specific information in spreadsheets and outdated websites can be time consuming and confusing for your staff. Managing your listings like this is inefficient and also dangerous if you don’t have full trust in your team of agents.Now, think about that process and multiply it by the amount of customers you have selling and looking for a property. Added up, this takes up valuable time you could have used to create more business opportunities and make more money.The realestate.com.kh CRM system allows you to enter and save your property data in one place. It then integrates those listings with your website and other marketing channels. You can enter both private and public information, and select which information to share to what forums, including your own website, partner websites and social media platforms.Every time a new request from a customer enters the CRM system, properties suited to that customer can be immediately matched to the buyer or renter and sent to them in a matter of seconds.A scheduling and alert mechanism, fully integrated with your calendar, will also make sure you never miss an appointment related to that customer or property. The same applies to other contacts crucial to your business, such as property owners, sellers and partner agencies.The realestate.com.kh CRM also gives you the ability to customize your listings with various photos to supplement listing descriptions, auto create advertising materials and watermark your images. Other tools within the interface help you manage, follow up, and track leads, and you can also provide performance reports to landlords and sellers.The realestate.com.kh CRM Co-Broke Ecosystem:When you match properties to your customer’s needs on the realestate.com.kh CRM, you can not only select from the properties from your own database, but you can also view the co-broking opportunities offered by every other agency using the system. This means that when you can’t find the right property for your new customer inside your listings catalog, you can automatically see a list of other properties available in the market - along with all the information regarding commission sharing conditions, available times for visits and much more.This is revolutionary technology which allows agencies in Cambodia to work as partners, not competitors - all the while protecting your businesses data and listings from being taken without your Permission.Co-broking agents will only see the information you allow them to see, and vice versa. But for your business, you will never have to turn down a request from a customer due to a lack of stock.Team Management:Handling a team – even if they are a team of experts – can also be challenging in terms of communication, tracking and understanding their performance over weeks, months and years. Everyone’s doing something and saying something - and it’s your job to gather all that information, verify its accuracy, and consolidate it into a usable resource to be able to develop your dynamics as a group entity.The realestate.com.kh CRM system not only gathers information from your team real time, it also monitors the listing creation, activity and ultimately deals-closed by the people on your team, making it easier for you to evaluate several factors such as strategies, work distribution, and hires and fires.Marketing Management:The realestate.com.kh CRM system allows you to perfectly monitor marketing statistics for individual listings and your business as a whole. It can perfectly track marketing ROI, individual property engagement statistics, and engagement reports that can readily be presented to owners.With the realestate.com.kh CRM you will never need to assess the benefit of your marketing channels using guesswork - every new business connection you achieve will be matched to the marketing forum that created it.Agents will also be able to create stunning, modern websites that will utilize SEO optimization tools and integrate perfectly with the CRM system.These are just a few benefits of the realestate.com.kh CRM, and we have solutions to fit every budget. Call us today for a full trial and don’t let your agency get left behind in the market.Email: Info@realestate.com.khPhone: +855 93 286 468Find out the best real estate news on Realestate.com.kh

Everyone wants a good home, whether for residential or business purposes. The ideal situation therefore, is to find a home that caters to both needs. Luckily, Borey Bo Ao has the flexibility for both types of usage without compromising the modern living experience.Located in Sangkat Steung Meanchey, Khan Meanchey, Phnom Penh, Borey Bo Ao includes shop houses, flats, and condominiums. Just 300 meters away from Veng Sreng Boulevard behind Phsar Ekreach 3, Borey Bo Ao is developed by a Chinese company, covering over 53,000 square meters of land area.Sales Manager at Borey Bo Ao stated: “This area features many people, but not many residential projects. The location of Borey Bo Ao is very convenient for both living and commercial activities. This project is ideal for those who want to live and generate income from the place”.Close to Borey Lim Chheang Hak, schools, hospitals, banks and surrounded by a many factories and industrial sites, the location of Borey Bo Ao, has what it takes to be a high potential business area.  Shop houses in Borey Bo Ao have already been completed and are set to be handed over to the customers in October 2017. Around 50% of shop houses have already been sold and after the first handover, the company will further develop 284 units of flat houses and shop houses.Meanwhile, the 2,070 condominium units will come soon after the completion of flat houses, according to Ms. Jin.In terms of pricing, Jin said: “Shop houses have a starting price of $180,000 and can go up to $185,000 while flat houses start at around $140,000.”Customers can enjoy convenient payment options by paying either directly or through a bank. A 4% discount is offered to those opting for a one-time payoff with a hard title as an ownership right, she added.With Borey Bo Ao becoming a high potential area in the near future, Jin concluded, “For those wanting to live in a less crowded place but with many business activities, purchasing a home in Borey Bo Ao is the best choice.”For more information, please visit the Bo Ao showroom or contact the project's sales team by clicking on “contact developer”.Get more information about Borey Bo Ao and learn more about Cambodia’s newest developments by visiting Realestate.com.kh!

Launched in early 2016 and located within Phnom Penh Central Business District, The Gateway, developed by TACC (C.R.) Ltd., will be a freehold mixed-use development that includes residential, retail, and office options for local and international investors. The developer has over 40 years of construction experience and 15 years of real estate experience in Singapore, and is currently listed on the Singapore Stock Exchange.The project strategically located along Russian Boulevard is close to important establishments and amenities such as The Council of Ministers, Ministry of National Defence, the Thai-managed Royal Phnom Penh Hospital, a host of world-class international schools and prestigious universities, and grand financial landmarks manifesting the heart of Phnom Penh. One future development next door to The Gateway is Parkson Mall, set to become Cambodia’s premier retail mall complex.The Gateway is comfortably surrounded by momentous development plans, including the Phnom Penh City Center development site, a huge tract of land under development on the former Boeung Kak Lake - soon to become themost glamorous area in the country. The Gateway will also sit along the very first MRT station in Cambodia. According to the Ministry of Public Works and Transport, the MRT will be inaugurated in April 2018, transporting passengers from downtown to the international airport in just 20 minutes.Just 15-minutes drive from Phnom Penh International Airport, The Gateway is set to reach completion by December 2019, and will be the tallest building between the airport and the Prime Minister’s office.Oknha Ly Kun Thai, CEO of The Gateway, said: “customers who buy units in The Gateway will be able to fully enjoy three main aspects of life: “live, work, and entertain” concurrently, because it is a mixed-use development project - which will mean less time travelling in the city. The Gateway is set to significantly transform the urban landscape of Phnom Penh city once completed in late 2019.”Commenting on the whole project, he added: “The Gateway has an ample 7-storey car park and 2-storey retail podium, a 39-storey residential tower, and a 36-storey office tower. It will also feature a sky terrace and a basement car park in its residential tower.”The Gateway will also provide a number of common facilities such as a swimming pool, spa and sauna room, library, gymnasiums, barbecue area and green space to embed elements of a modern lifestyle for all buyers.Regarding The Gateway’s customers, Oknha Ly Kun Thai said: “The Gateway targets both local and international customers, most of whom are business people. For local customers, we target the middle to high-income class and our international customers who have already bought the units include Singaporean, Malaysian, Chinese, HongKong, Taiwanese, Indian, Indonesian, Swiss, and Canadian nationals. “This will establish an epic environment and a unique experience that cannot be found elsewhere in Cambodia.”Oknha Ly Kun Thai added: “Our location is in the financial area in the heart of Phnom Penh, and close to main buildings along Russian Boulevard. For residential and office space, a large percentage has been sold to customers already. Prices of residential space start from $150K+++ per unit and commercial space from $250K+++ per unit.”The residential units will range from one to three bedrooms and will have luxurious fittings and private balconiesto match. Residents will be able to enjoy a comfortable lifestyle and at the same time the great views of the Mekong River and the whole city. Besides this, The Gateway offers acuminous investors up to 12 percent guaranteed rental return for two years.The office tower will have a helipad, double-glazed glass for heat reduction, 8 elevators, and a separate fire exit for maximum safety. Uniquely, The Gateway offers the only Grade A offices for sale in the city - all of which will be elevated in height and provide comfortable and well designed space for a modern working environment. Similar to residential unit purchasers, office units are offered an even more extravagant GRR, which is equivalent to 16 percent in two years.Oknha Ly Kun Thai also gave a final remark expressing his pride on major strengths of The Gateway Project: including the excellent location - a rising economic zone with huge future potential; a magnificent project - with comfort, facilities, and quality; and the project’s motto - live, work, and entertain. With the necessary approvals from relevant authorities and compliance with applicable regulations, the completion of the project is an absolute certainty. It is also an assurance to which The Gateway is proud to provide to all purchasers.Get more information about The Gateway and learn more about Cambodia’s newest developments by visiting Realestate.com.kh!

Not so long ago, those seeking a property in Cambodia had to spend their weekends driving around the streets looking for shaky old sign boards indicating if properties were open for sale or rent. Frustrated with this process, Cambodian national, Mr. Moek Chenda, decided there must be an easier way…By 2009, Moek had launched the first version of realestate.com.kh, Cambodia’s first ever specialised real estate portal website - a place where all sellers could list their property and gain the right exposure, and providing a one stop online marketplace for property buyers and renters. Moek focused on growing traffic to the website, and continually making it easier for people to find their dream home without the stress and effort of running around town.As time went on, property buyers could spend more of their weekend relaxing with family, or enjoying a coffee at cafes in the city - all whilst being able to find their next property investment online.Now, in 2017, with the world and much of Cambodia moving their focus online, Moek and the team at realestate.com.kh decided to once again to revolutionize the way people find property in Cambodia and set out on a mission to build one of the most user friendly search websites and mobile apps, and one that fully integrated with world leading technology solutions for property buyers sellers, including 360 degree tours and CRM systems for real estate agents in Cambodia.In July of 2017 this dream has become a reality, with the full launch of realestate.com.kh world-class website and app.The realestate.com.kh’s website:The new realestate.com.kh website platform creates a seamless search across a database of almost 50,000 property listings. With updated search criteria, users can pinpoint the exact qualities they require in their property selection, whether it be a swimming pool, main road access or a nonflooding property. The property types, locations and specific criteria on the new realestate.com.kh platform are perfectly aligned with the Cambodian real estate market and buyer’s preferences in mind.New Developments, boreys and completed office and apartment buildings can also benefit from the new platform’s “Project Listings” function. This function allows 2 grades of listing: the first is the “Project Listing Page” which provide the full overview of the project, borey or building, information on the location, amenities and type of units available. The second type of listing is called the “Individual Property Pages”. These sub listings sit within the project listing and allow the seller to list everysingle individual unit available in the building or borey, with full information of each unit, floor plans and 360 degree tours. This new feature allows users to be even more informed about a property before making an inquiry; and therefore, increases the quality of inquiries for property for real estate agents and property developers through the website.IT Support Manager at realestate.com.kh, Bona Chhut, notes that, “the users of the website are the most important thing in this business - so we knew we had to focus on creating the most powerfulsearch functionality possible.” Chhut goes on to say, “we had to look at global examples - but really localize them for the Cambodian market; and we think we have done that!”One of the most useful tools on the new platform is the map search function. This allows users to simply trace the area in which they would like to find a new home for sale and rent, and then are immediately presented with a list of properties in that search zone. Users are also able to not only search by location, but also by landmark - such as Central Market, Riverside or Aeon Mall.This is because: “International investors and renters planning to move to Cambodia will often know the general area or landmark they want to buy or rent a property near, such as Independence Monument for example. But not everyone knows that its in Chamkarmon, for example. So we havetaken that frustration away from the buyer by introducing this powerful level of search on the new platform,” Thomas O’Sullivan, ceo of realestate.com.kh, notes.The website is now available in three languages: Khmer, English and Chinese - as “some of our clients target expat renters, some target Cambodian’s looking for a property in a borey, and so many of the condo developers are targeting international investors, many of which are now Chinese speakers,” O’Sullivan notes.The realestate.com.kh App, for Android and IOS:In combination with the new website, realestate.com.kh has also pioneered the first ever real estate search app, now available in both the IOS and Andriod app store for free download. The app allows a much simpler, faster-running and user-friendly interface for property seekers to find their dream home. Inquiring to the seller has also become much easier, as the app is directly linked to the users SMS channel on mobile, meaning they can contact the agent or seller direct to their mobile phone with an auto-generated text message.Realestate.com.kh Certified Listings:An issue with the old realestate.com.kh website was linked to the quality of listings. Many users gave feedback that some agents were listing properties no longer in the market, and wasting thebuyer’s time by fielding inquiries on these outdated listings. To mitigate this issue, the new platform includes a “realestate.com.kh certified listing” criteria. Certified listings are those listings that realestate.com.kh staff have physically visited, videoed using the “realestate.com.kh walkthrough tour” application, and can confidently present to the market as available and accurately presented on the website. This allows the property seeker to have full trust when inquiring on these properties, and with the agents using this type of listing. Meanwhile, when a user searches, certified listingswill be presented above those that are not certified in the search results - meaning additional exposure and inquiries for agents and other sellers that make use of this new product.Similar to the certified listings and walkthrough videos, the new realestate.com.kh website and app also integrate virtual reality technology with 360 degree walk through tours for property listings.These 360 degree tours allow customers to experience your show-flat or property in a fully immersive experience from anywhere! You can use it at AEON mall, in your real estate agent’s officein Singapore or in the lounge room of your best customer. “Realestate.com.kh 360 Degree Virtual Tours” allows this freedom. Best of all we do all of the work for you and we can build these tours within 72 hours (or even 24 hours if it’s a rush).For the user on our website and app, these new multimedia tours allow you to truly experience the property before you waste anytime visiting the property or developers showroom. These are just a few advances that realestate.com.kh has brought to market since humble beginnings in 2009… Keep your eyes open for more real estate tech innovation coming soon.Find the best real estate news on Realestate.com.kh!

Singapore Club Cambodia will celebrate the Singapore National Day 2017 in Phnom Penh next week. This special event, to be held at Hall A & B on Koh Pich Island, will start from 11:00 am to 5:00pm on Saturday 12th August, 2017. The event will showcase all thing Singaporean - a showcase of the culture and related businesses active in Cambodia.The Singapore Club Association is going to invite everyone - including the public, real estate sector professionals, business owners and other stakeholders involved - to join the celebration. Those who attend this event will get the opportunity to know more business, product and services from Singaporean in Cambodia.  Mr. Ryan Ong, Organizing Chairman of Singapore National Day Cambodia, said that, “the Singapore Club Cambodia will gather the media, Cambodian VIPs and a few celebrities from Singapore to join the event. With decisions from the committee of Singapore Club Cambodia (SCC), we hope invited around two to three thousand visitors and incorporated sectors like Food & Beverages, Services, Hotels & Accommodation, Education, as well as real estate businesses & brands in Cambodia that are founded or managed by Singaporeans. All will set up a booth at the exhibition hall.”Mr. Ong confirmed that the event will include a strong representation from the F&B sector, so as to provide the visitors with a range of fine food and drink - which is the most important feature of any successful event for Singaporeans. There will be a few lucky draw segments and many attractive prizes to be given away including Silkair ticket for two to Singapore  The sponsors of the celebration are Yeo’s and Tiger beer. For visitors, tickets are just $2 and include includes lucky draw, a beer and a can of soft drink from Yeo`s.Find the best real estate news on Realestate.com.kh

The recent news of an innercity-to-airport rail link has been welcomed by Cambodia property developers, especially those with projects situated near the proposed track. According to recent press, upon the railway’s completion in 2018, trains will be able to take passengers from the central city to Phnom Penh international airport in just 15 minutes travel time.During a handover ceremony last week in Phnom Penh for mechanical equipment donated by China, Transport Minister Sun Chanthol said: “this project will reduce traffic jams leading to the Phnom Penh airport and prevent people from being late to their flights. Thus far, 250 meters of the rail track has already been constructed by the country’s railroad company, Royal Railway.”“Four $1 to $2 million trains purchased by the company from Mexico will run along the route. During the first month of operation, rides will be free of charge,” added Mr. Sun.Commenting on this, John Guiry, CEO of Royal Railway, told local media that construction had begun about six weeks ago and was expected to wrap up by April 2018, with about 10 to 12 meters being laid down each night.”The project’s budget was confidential, but was “part of a current maintenance budget” for the company. Tickets would likely cost between $5 and $7, but the price would be set closer to the launch, added Mr. Guiry.By aiding traffic congestion and also shortening travel time to and from the airport, this new railway project is expected to further boost property investor’ confidence in the capital, in particular for projects situated along or near Russian boulevard.  Johnny Chan, Sales & Marketing Director of Creed Group, the developer of the Bodaiju Residences project, said: "this new announcement gives current and prospective investors in the Bodaiju project even more confidence that they have made the right investment decision.”Mr. Chan added: “the proposed rail line will offer residents of Bodaiju a fast and direct link to the inner city, and will mean that congestion along Russian Boulevard will be controlled into the future. This represents great news for developers such as the Creed Group with projects situated along this access way to the city."Meanwhile, Chenyi Chiu, General Manager of TK Royal One, said: “the passenger railway transport line is a significant signage of a modern city. Although it has been expected for long time, there has never been any confirmed plan for the Phnom Penh city passenger railway transport. The announcement in this July not only proves that Phnom Penh is now transforming into a modern city but also opening the new era of the railway economy.”  “The city development is going to follow the railway network to expand and start from the station along the railway. Sitting on the center of this main railway route, TK Royal One owners and tenants will be able to take the advantages to enjoy the convenience of new lifestyle and to gain the future property value appreciation. Besides, as a foreign real estate developer, seeing this transportation infrastructure indeed makes us have more confidence in Phnom Penh’s property market. However, we also look forward to seeing the railway network to expand more in the near future to make the city development much faster,” Mr. Chenyi added.Oknha Ly Kun Thai, CEO of The Gateway project, said: “this new railway is quite essential for Cambodia because Mass Rapid Transit (MRT) will increase commercial developments and boost the country’s economy as a whole. In general, the MRT is fast, reliable and efficient to all citizens living in the city. Therefore, having MRT helps reduce the number of vehicles on the road while bypassing traffic congestion during rush hours in the city, resulting in a shorter commute.”“An efficient mode of transportation is the key to city development that helps boost general commercial activity. This is good news for Cambodia’s property market as better and improved transportation infrastructure in the area will boost property prices and rental yield,” added Mr. Ly.Located along the Russian Boulevard and only a few hundred meters from the railway station,The Gateway is one of the mixed-use development projects in Cambodia to get major benefits from this new railway in terms of travelling time towards the airport and inner-city.Mr. Ly explained that the Gateway’s residents will enjoy great advantage of traveling to and from Phnom Penh’s International Airport in a very short time. Meanwhile, rail travel is a lot safer compared to road travel due to proper security monitoring throughout the system.Learn more about Investing in Cambodia on Realestate.com.kh

Over the last five years, Cambodia’s insurance sector has been developing remarkably with general insurance gross premiums doubling from USD 35 million to USD 70 million. Amidst the country’s booming real estate sector, property insurance is becoming an option for property owners who wish to avoid any property-related risks.But what is property insurance coverage; and what are the advantages of using a property insurance service? Insurance is a contract, represented by a policy, in which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium. The insurance company pools clients' risks to make premiums more affordable for the insured.Property insurance relates to the protection of risks surrounding the construction, usage and/or ownership of a property, such as Construction insurance, Fire & Allied Perils insurance, Public or Rental Liability insurance and Burglary insurance.Business Interruption insurance would come as an add-on to Fire & Allied Perils insurance. While the foregoing covers losses in respect of physical assets, as a consequence of this loss the business may suffer from a reduction in turnover and a subsequent loss of profits due to the interruption of their activities.By choosing to use a property insurance service, a real estate owner does not need to reserve special cash for property loss or damage and thus does not waste time repairing or buying new property - as those risks are transferred to the insurance company.  Daniel Santantoniou, Chief Executive Officer of Cambodian Investment Management Insurance Agent, and part of CIM Group of companies, said: “with property insurance accounting for almost a third of all premiums written over the last 5 years, more risks are being pooled and the insurance companies are therefore able to offer very affordable premiums.”“When you think you only have to pay around 0.1% of the insured value per year to cover your condominium against loss of or damage caused by fire and/or lightening, one would be reckless not to protect its investment for such a low price,” he added.According to the 2016 ASEAN Insurance Statistical Report, insurance market penetration (total premium / GDP) in Cambodia is still the lowest in Southeast Asia with penetration rate being as low as 0.46% in 2015, compared to an overall penetration rate of 3.8% in ASEAN. This clearly shows that the kingdom’s insurance industry has more work to do to get Cambodian people to understand the importance of insurance services. However underpenetrated the market is - especially in the consumer sector - Daniel believes there are significant growth opportunities as the economy continues to expand and mature and given the government’s plans to develop the financial sector.To further penetrate the market, Santantoniou points education as a key: “education is paramount! The more people learn about the risks surrounding them and the solutions available to mitigate them, the better they’ll understand the benefits of being insured”.He also stresses the significance of the government to play a vital role by enforcing mandatory insurances, as one saw it evolving in neighboring countries, with Motor Third Party Liability insurance being mandatory in most markets around the world - but not in Cambodia.Since the market players have been educating the market for quite some time now, especially life insurance companies, the public has become more aware of the financial risks to which they’re exposed and the solutions offered by insurance companies to mitigate them, according to Santantoniou. As the number of insured develops and claims are being paid, more and more Cambodians are starting to see through their own eyes how helpful insurance can be. More and more companies coming into the market can mean a better offer to the consumers, mainly in the form of lower premiums as competition increases.Currently, there are seven general insurers and six life insurers in the kingdom. Despite its relatively low rate of market penetration compared to Asean peers, Cambodian insurance industry has the potential to continue its growth at a very steady pace.Regarding prospect towards Cambodia’s insurance market, Santantoniou concluded, “Cambodia’s insurance sector future is bright and we’re excited to be positioned as one of the best service provider in the market. With the rise of the middle class and increased asset ownership, particularly in real estate and motor vehicles, we anticipate the insurance market will continue to increase at a 18% Compound Annual Growth Rate.”Find out the best real estate news on Realestate.com.kh