As a result of the Ministry of Land Management, Urban Planning and Construction’s (MLMUPC) decision to enforce long-standing soft title ownership regulations, all khans (districts) of Phnom Penh will stop allowing the processing of titles under a foreigner's name.Previously, many khans such as Daun Penh have openly allowed foreigners to take possession of soft tiles on landed properties, despite it being a contradiction to the 2010 law on providing foreigners with ownership rights in private units of co-owned buildings.Desmond Yap, managing director of Yong Yap Properties, an expat-focused agency based in the Daun Penh/Riverside area, says, “As we understand now, throughout Phnom Penh, foreigners can only own condominiums as stipulated in the 2010 Foreign Ownership Law (the Strata Law). The purchase of townhouse flats can only be done through a nominee or company structure.”Want to know what a Soft title is? Learn More about Foreign Ownership in Cambodia...In order to better implement the 2010 Foreign Ownership Regulations, the MLMUPC issued a notification letter on May 25 instructing chiefs of all 12 khans in Phnom Penh City that from June 13 onwards, the transfer of possessory rights to a foreigner is only legal if the property subject to the transfer is on or above the first floor; and the property being transferred into the foreigner's name exists in a co-owned building constructed with the proper construction permit issued by the relevant government authority.This means that any co-owned building constructed without the proper construction permit will not be considered eligible for foreigner ownership, and paperwork signed by a chief of any khan in Phnom Penh City relating to the transfer of possessory rights under a soft title to a foreigner will not be legally binding. Following this, Khan Daun Penh officials announced in early June that the sangkat (commune) will no longer transfer soft titled property into a foreigner’s name.Grant Fitzgerald, general manager at Independent Property Services (IPS) Cambodia, said that “these laws have always been there, they are just now enforcing them across the board.”“This new announcement for Daun Penh follows on from a similar change made in Khan 7 Makara late last year which saw a flurry of activity as foreigners who held property in their own name sought advice and solutions to ensure that their property was secure,” Fitzgerald added.However, the notification letter sent by the ministry on May 25 did not specify the legal consequences to the co-owners of the building if a transfer of possessory rights is made to foreign co-owners when there is not a correct construction permit in place. Nevertheless, this appears like a step forward in strengthening the practice for foreign ownership laws in Cambodia - as it is targeting developers without construction permits.  The new enforcement will not likely directly affect foreigners currently owning soft titles until it comes time to sell, suggests Yap.“If Daun Penh follows the precedence of 7 Makara which did allow foreigners to purchase flats in previous years, foreigners who have properties under their name can still live in it and rent it and are under no pressure to sell. Just when they do eventually sell, it has to be in the name of a Khmer national.”Further, Yap notes that “the worst case scenario is that they will force you to sell the property – though if this happens, you can just transfer the property into a nominee’s name with the protection of a trusted lawyer.”An overseas investor of Yong Yap Properties said the crackdown was a “bit of a surprise, but not totally unexpected”.“I thought it wouldn't come for a while. Anyway, at least I am glad I bought one before the change although it may be harder for me to sell it now."The new policy, according to Yap, may slow down sales in the short-term in Daun Penh, though the rental market will not be affected. In fact, Yap explains, “Rental prices may increase in the future. With many renovation teams potentially out of the game now, the future supply of quality Western renovated flats may slow down, though demand should continue to grow.”Fitzgerald agrees, saying, “Despite the restrictive law on foreign property ownership there are a number of tried and tested mechanisms, the most effective for soft titled property being the nominee structure.”  Under the current law regarding the nominee structure, all foreign buyers must engage a Khmer national, be it a friend, spouse, colleague or professional third party, to hold their property in the nominee’s name. This title protection for the foreign buyer is then strengthened via the use of nominee security contracts (contracts between the foreign buyer and nominee) which can restrict the nominees’ ability to sell, transfer or move the property to any other third party without permission of the foreign buyer.Yap adds that “lawyers can draft up mortgage and long-term rental agreements with the nominee as added protection.” Fitzgerald notes the structure of the nominee being economical, fast, and effective. “We would predict a slower sales numbers until the law is widely accepted by the masses, then the market will sort itself back to normal,” Yap concludes.Learn more about Foreign Ownership in Cambodia

Do you have USD 25,000 that you are looking to deposit for safe-keeping; and a trustworthy bank to suit all your needs? Then look no further than Hong Leong Bank. By choosing a priority banking account, you will be rewarded with more than you banked on, receiving exclusive member services and benefits that allows you to enjoy what you’ve worked hard for. A world of privileges await to enhance your lifestyle even more. Why choose Hong Leong Bank?Strong footprint in Asia. Formed over 100 years ago in Asia, the bank has a number of subsidiaries in Malaysia, Singapore, Vietnam, Hong Kong and China. You can trust Hong Leong bank.The right staff with a personalised focus. “This is the key to our success”, says Joe Phelan, Head of Personal Financial Services at Hong Leong Bank, “We believe we have the right senior staff who are dedicated to service and know how to satisfy their customer’s needs. Our priority account managers know their customers 100%”.Tailored financial products for SMEs. “Consumer is king and we need to look after business owners. We have a focus on SMEs to help you to grow your wealth,” says Phelan.Digital banking “With our user-friendly mobile app to be launched soon to complement our existing Internet Banking platform, we will be able to offer the best digital banking service to our priority customers in Cambodia.with a simple user-interface, more functions and ecommerce capabilities”.Inquire today to find out more! Hong Leong takes their customer satisfaction very seriously so when it comes to a priority banking package, the company takes great pride in taking care of the clients not only in the bank but beyond. Upon opening a priority account, you will receive your own dedicated account manager who will remain your main point of contact throughout your patronage with the bank. You will be entitled to waivers on loan approval fees, competitive daily interest rates and preferential rates for foreign exchange and international transfers, free outward telegraphic transfers to any banks within Cambodia , a 0.25% interest rate discount on all home loan products, as well as free monthly statements and one free cheque book per month. And should you decide to move all your financial management from other banks to Hong Leong, they will even throw in a few practical free gifts, just to say thank you! These are just the direct banking benefits. There is a myriad of lifestyle privileges that are yours to enjoy... Are you a frequent traveler? Relax in the VIP airport lounge for free at both Phnom Penh and Siem Reap international airports.Is brunch your favourite meal of the day? Take pleasure from free brunch and wine at the prestigious Raffles Hotel Le Royal in Phnom Penh (conditions apply).Golf enthusiast? Play free rounds of golf at Garden City Golf Club Phnom Penh or Angkor Gold Resort, Siem Reap (conditions apply).Need to relax? Indulge in discounted massages at La Rose Boutique Hotel and Spa in Phnom Penh. But it does not end here. Take advantage of discounts from 10-60 % across various hotels and resorts throughout the Kingdom such as Sokha hotels, Frangipani Villa Hotels and Raffles Hotel Le Royal. Eat for up to 15% less at some of the country’s leading restaurants including the likes of the Softiel, and Raffles Hotel Le Royal. Shop for less with our participating partners such as Pedro footwear and New Collection and get up to 30% off spa treatments and fitness activities. Everyone loves an incentive. “The more money you save in your account, the more we reward you with free benefits to enjoy”, says Phelan. For example, deposit USD 250,000 and you can delight in up to 8 free brunches at Raffles Hotel Le Royal, unlimited access to the VIP airport lounge and play up to 4 rounds of golf completely free every year! Take your banking to the next level with Hong Leong Bank. Inquire today to find out more!

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

The Phnom Penh City Center (PPCC) is set to become Phnom Penh’s first and only Central Business District, transferring Cambodia’s rapidly developing capital into the city of the future. Strategically located at the heart of Phnom Penh, PPCC will be the choice destination for locals and expatriates where modern business, innovation and international-standard infrastructure will meet. By 2035, the new Phnom Penh City Center district will be home to over 56,000 residents and more than 190,000 daily visitors. CHECK OUT TWO EXCITING PROJECTS FROM PPCC FOR SALE ON REALESTATE.COM.KH NOW: RESIDENCE 90 | THE EDGEQUALITY LIVING AT THE HEART OF THE CITY Phnom Penh City Center’s 111.6 hectares of open and futuristic urban district space will create opportunities for local and international businesses in the financial, retail, commercial, residential, hospitality, education, medical and entertainment sectors. Its public areas will feature the newest architectural buildings - with towers ranging from 20m to 150m - and will bring modern city conveniences into Cambodia, such as multiple entry points and international-standard traffic and drainage systems. The center’s pedestrian green belt – sidewalks framed by lush greenery – will enable the community to enjoy leisure walks and hassle-free family days out at the 22,000 sqm central park, in addition to other recreational activities made available and accessible to all. AN INTEGRATED TOWNSHIP Guided by an environmentally sustainable approach, Phnom Penh City Center will enjoy a truly integrated township based on its strong, forward looking and consistent master plan. As an integrated township - unlike existing developments in Cambodia - the center is focused on setting up comprehensive infrastructure systems, which includes the deployment of an underground cabling system that will house all utility services away from the public eye, and yet systematically planned to ensure hassle free maintenance. A comprehensive drainage system is also being developed to mitigate flooding in the future. Accessibility is another key feature of the site. Set to ease the perennial traffic congestion and flooding issues Cambodia’s capital continues to face, the Phnom Penh City Center will be linked to the wider city through eight access points, resulting in a more fluid inner city system. Construction of permanent roads and infrastructure have already started and the first phase of the project is scheduled for completion in 2017, with the second phase scheduled in 2019. Last but not least, Phnom Penh City Center is strategically situated opposite the municipality and surrounded by city government departments, including close proximity to the Vattanac Capital Tower, Central Market, French Embassy and Calmette Hospital. CHECK OUT TWO EXCITING PROJECTS FROM PPCC FOR SALE ON REALESTATE.COM.KH NOW: RESIDENCE 90 | THE EDGEAdopting a Sustainable Approach to Job Creation Since 2014, the Phnom Penh City Center has proactively adopted an innovative approach to community engagement and empowerment, recognizing the importance of inclusivity and giving back to the community. Designed to benefit the community as a whole, the project will boost onsite, long-term job creation by engaging with vocational training institutions, therefore pioneering inclusive development and sustainability in Cambodia and the ASEAN region. Upcoming DevelopmentsRetail Office Versatile Office (ROVO) Combining inspirational architecture and functionality, the EDGE offers entrepreneurs and business owners alike an innovative, convenient and flexible business environment. All 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 option is limitless     Residence 90Residence 90 is an exclusive gated development, offering the perfect combination of tranquility and security with urban convenience. Inspired by European architectural models with individual lush landscaping, spacious driveways, private driveway and security features. Located right in the heart of city. Perfect for the modern family. CHECK OUT TWO EXCITING PROJECTS FROM PPCC FOR SALE ON REALESTATE.COM.KH NOW: RESIDENCE 90 | THE EDGE

Che Culo, loosely translating in Italian to “what luck,” was launched in Phnom Penh in 2014 by a collection of Aussie F & B entrepreneurs seeking to bring BKK1 a lively tapas and cocktail venue - without the pretence. Designed and renovated from the ground up, the street 302 bar and restaurant offers a sense of space far beyond its floorplan, thanks to co-owner, architect and social media manager, Daniel Jury.Jury explains that, “we wanted to create a space that drew upon the loose Mediterranean bar theme; clay tiled roofs, patterned tiles and rounded archways were all design cues found around the Mediterranean which became staple elements in Che Culo’s design.” Bar tables running down the center of Che Culo are tall and designed to breed bar-chat between the eclectic mix of expat and local patrons, while the booths along the wall offer intimacy with a view; something fit for both Western and Asian drinking preferences. “We were also keen maximise the space with the high ceilings, skylights and the large bifold windows that draw natural light deep into the bar,” says Jury. For eats you can expect a short but diverse menu of cocktails and tapas dishes, that rotate weekly. Sip on hand-shook cocktails while plate after plate of battered green tomatoes, patatas bravas, fried calamari, chorizo and chicken subs, basil pesto pasta and, the long running specialty, Mama’s meatballs arrive at your booth. An eloquent wine list is also available to match your small plated delights.Nick Hattingh, co-owner, venue manager and in-house entertainer, says “we drew inspiration for the food and drinks from friendly approachable flavours that people of all walks of life can enjoy... Balanced cocktails with fresh fruits and modern mediterranean "dude food" to share with friends.” We have a little bit of food from Italy, Greece, Spain, Morocco,” says Hattingh, “and some cheeky Mexican and even some Portuguese thrown in for good measure.”All owners are Phnom Penh expats who cut their teeth in the Sydney and Melbourne hospitality scenes, meaning the bar operates in the sleepy corner of BKK with big-city service quality. The venue also hosts bi monthly music events and private functions such as fashion shows, media launches or just cracking birthday parties. Weekly specials include “meatball Monday,” “taco Tuesday,” “wings Wednesday” and Thursday’s “cider and sliders.” While happy hour into the wee hours is when Che Culo really warms up, it's also a great pick for a casual $5 lunch.  But whether you come in at two in the afternoon or ten at night, you will always find the same relaxed vibe, delicious tapas and high quality of service. If you haven’t already, pay Che Culo a visit on street 302 today...

Whether it’s a commercial, industrial or residential property, an integral consideration for investors in the Cambodian real estate market to obtain ample protection for your property. Contact Emerald+ Now!How should I protect my investment property? Protection of your property does not simply mean insuring against potential damage. Though is helpful, insurance policies alone do not proactively secure your property’s value and investment profits - insurance only covers you after something goes wrong. More importantly, proactive maintenance and protection against damage is why enlisting property management services from trusted providers should be part of any investor’s contingency plan and projections. Equipped with setting new standards in the field and regional expertise in the process of managing different property types, Emerald+ will keep every aspect of your property in line. Treating your property like their own, Emerald+ provides their clients the assurance that they will not let anything passed their radar without correct and proper evaluation. How do Emerald+ manage your asset? Emerald+ focuses on preserving your property’s value and future profits through an “on-going management” system which includes building inspections, managing maintenance contracts and managing the entire maintenance schedule. Building inspections will consist of four phases to ensure that your property is above par with regulations and standards. The initial inspection will determine the efficient and safe use of features in the property like fire alarm systems, sprinkler systems, hydrants, special extinguishing systems against electrical malfunctions, and also proper ventilation and smoke exhausts. After going through this initial evaluation, your property will then be put through the final inspection process - this time checking electrical and plumbing systems and fixtures. This will also include the inspection of all appliances, measurement apparatus, and safety features throughout the building. Emerald+ will then make a report detailing whether or not your property totally safe for occupancy and/or operations. Those things in need of attention will be duly noted, and taken care of in the following inspection phases. The third and fourth phases of the inspection process will consist of routine inspections and building maintenance work, which will take care of the minor details you may need to address periodically. Along with detailed inspections, Emerald+ will also manage maintenance contracts such as voucher and software systems, to ensure that your property maintains specific service level agreements and the overall function of your building at all times. Another factor that will be addressed is the maintenance schedule is compliance and legal regulations within your investment property. For this purpose, Emerald+ will set up a helpdesk that will link to all other systems within your building to provide constant monitoring and smooth implementation of policies. What is the value of property management? Having a service provider for property management is not only a matter of convenience for owners; it also becomes cost-effective in the long run. Having experts in the field of property management is essential for the preservation and growth of your investment values, and protecting that asset’s ongoing value. Emerald+ will identify problems before they become damaging to your property and the experience of your tenants. This protects not only your asset, but your reputation as a service provider. And since the team of Emerald+ will be handling all these details, from start to finish, your schedule is freed to focus on making bigger decisions that will impact your properties and investments in the long run. So, if you’re looking for an entity that will not only maintain your property but also care for it as if it were their own, Emerald+ should be your first port of call!Contact Emerald+ Now!

Neak Oknha Theng Bunma, founder of Thai Boon Roong Group, passed away last night at the age of 75 - on June 17 2016 at 12.45pm in a hospital in Phnom Penh by natural causes, according to a Freshnews report today. Oknha Theng Bunma was well known as one of the “four tigers” of the Cambodian economy after the fall of the Khmer Rouge, between the 1980s-2000s, and was heavily involved in the real estate and development industries across the nation. Born in Thailand, Oknha Theng Bunma was the first president of Cambodia's Chamber of Commerce. He also owned the Intercontinental Hotel in Phnom Penh and Rasmei Kampuchea Newspaper. The Thai Boon Roong Group, of which Oknha Theng Bunma was founder, is currently developing the 133 story Thai Boon Roong Twin Trade Center in Phnom Penh, located next to Nagaworld. REALESTATE.COM.KH - Your real estate news leader! Read More...

Property valuation is the process of estimating the total value of a property in terms of several factors that are dependent on the industry standards. This may consist of property location, size, future profitability, environment, government policies, and so much more.And since the primary aim of property investment is to get a return of investment and maximizing resources, it is essential that there is an accurate view of the property’s value. While property valuation is performed by trained individuals in the field, even newcomers can benefit from learning the basics. This will make a difference in how transactions are made as it will provide a wider perspective and understanding for people on both ends of the deal. This will ensure that there is significant protection for both the property holder and the entities such as financial institutions, insurers and other parties that also depend on valuations.  There are two main applications of valuation according to Mr. Sim Hoy Chhoung, CEO of V Trust Appraisal Co. Ltd, which he explains in his presentation at the Real Estate Market & Outlook Conference (REMOC) 2016. One of them is property valuation for financial reporting - which is becoming increasingly significant with the importance that the industry now places on the implementation of the International Financial Report Standard. This standard aims to provide consistent and reliable standards based on concrete data. The second application is property valuation for secured lending - where he particularly places emphasis for commercial banks and lending institutions to comply with IVS applications, and also to produce clear conditions of engagement so that there is assurance that the property market will function properly and be well supported by available financing options.Chhoung goes on to show, through a case study of The Central Bank of Ireland, how these applications have made a significant impact on the banking crisis there. In Ireland there were weaknesses in instruction given to valuers, conflicts of interest, failure to conduct frequent valuation reviews, inadequate training and inappropriate use of informal valuations. As a result of these lessons learned, Chhoung sees opportunities for growth in the Cambodian climate, if the National Bank of Cambodia accepts these challenges and seeks to overcome them.LEARN MORE ABOUT THIS TOPIC IN AN IN DEPTH ONE ON ONE WITH REALESTATE.COM.KH & MR CHHOUNGChhoung concluded his presentation by providing suggestions and solutions such as the CVEA and the Ministry working together in providing growth for valuers by providing minimum hours CPD requirements. He also suggests for policy makers to incorporate international standards like the IVS and the RICS professional standards into the local outline for valuation; and to provide even more training and education about property valuation throughout the market. He also calls for banks and financial institutions to consider recommendations for best practices to improve how loans are carried out.While there are already great returns from investments made in Cambodia, it is important to get ahead and obtain proper valuation for your property to ensure sustainability and to anticipate future costs and conditions, should there be any sudden market, infrastructure or policy changes.NEED A PROFESSIONAL VALUATION? INQUIRE TODAY WITH REALESTATE.COM.KH - FAST, EASY, SECURE!

Expats are well aware how essential appropriate health care is living in a developing nation like Cambodia as potential risks and hazards are rife. Common hazards of living in a developing country:Road accidents are one of the most common causes of hospitalisation in the Kingdom due to poor road and traffic conditions. Exposure to tropical diseases are more significant due to mosquitoes and other insect bites.Contact with infectious diseases is higher due to contaminated water, unhygienic food preparation and lack of hand washing.  A lack of medical skills and facilities raises the risks of receiving contaminated blood because of poor hygiene practices or inadequate screening for viruses. Medications may be counterfeit or not readily available.Access to first world medical care may mean you have to go elsewhere for treatment and require medical evacuation. Costs can be exorbitant without sufficient protection. Expats can be caught out! Not only does your physical body suffer but so does your wallet if you are not covered by some type of international insurance plan. It is best to be prepared.The solutionInternational health insurance is the perfect solution to protect not only your well-being but also your finances. For expats living or working overseas who wish to ensure their financial security whilst at the same time safekeeping and investing their health, then an international insurance plan is a must. Infinity Insurance, Cambodia's first and foremost insurance company is offering new customers who buy or existing customers who renew with their International or Expat Health Plan between June to September 2016, a chance to win a private four hour boat cruise for themselves and nine of their friends.Inquire today for a free quote!The lucky winner drawn in September, and their fortunate friends will enjoy lunch and drinks whilst cruising Cambodia’s waterways on the famous Kannika boat for a fun afternoon on us! The trip is valid to use from October to December 2016. Infinity Insurance has access to the world’s most respected global health insurers including Aetna, ACS, A Plus International, Cigna, MSH, Now Health International and William Russell all of which are backed by financially secure global underwriters such as AXA and Allianz. You can be confident that the cover we arrange is right for you and backed by established and respected providers. Choose a plan to suit your personal health needs, whether it be a standard cover expat health insurance for accident or emergency illness, or add in outpatient protection to make sure all routine medical expenses will be covered, or include dental coverage. If starting a family is on the agenda then choose to include maternity so you are safeguarded throughout your pregnancy and birth. All health plans include the evacuation in case of emergency and repatriation. Infinity has got you covered!Inquire today for a free quote!

A large multi-purpose project of the Sokha Group has just been announced publicly on the company's official website. This huge multi-purpose project on Chroy Changvar peninsula will include residential condominiums, a large and modern commercial center and various other features yet to be announced. Recent news suggests the Chroy Changvar area is set to transform into an area with great potential in commercial and residential real estate in the coming years, and especially so for foreign investors able to purchase these properties under the foreign investment law regulation. This new investment of by the Sokha Group represents the largest project in Chroy Changvar to date.Please contact our professional team for more info! The "Chroy Changvar Riverside" concept evolution draws on many traditions of Khmer culture. The Design concept revolves around the Dragon Boat and sail, a famous symbol of the Khmer culture. The Dragon Boat race is an important cultural event that takes place on the Tonle Sap River every year. The architectural form of this event is relayed through the elements of the water, the boat and the sail - creating an architectural design with natural flow, transparency and a design that embraces the elements of the riverside where it will soon stand. Meanwhile, the Apsara dancers, a staple of traditional royal Khmer culture, are also merged into the design - representing beauty, divinity and the spirit of unity toward mutual progress. Sokha’s project looks over the Mekong river, Tonle Sap and royal palace: “So far there is no project in such a place, meaning buyers may come from foreign countries to enjoy a high standard of living here,” says Ms Chamroeun Phoeurk, marketing director at Emerald+ Property Management. Mr. Van Chanthoeun, ceo of TownCity Real Estate, agrees with Ms Chamroeurn, “this new project’s location is really good, and well suited to the property development in this region. Furthermore, Sokha Group is a huge company with substantial experience in the field of real estate and property development over many years in Cambodia.” Mr. Chanthoeun added that, “the company already has many customers in hand." Chanthoeun continues to say, "I think that this project will absorb more and more buyers from foreign countries; and if this project allows agency services to assist the buyers in helping them to find those who want to rent, this rental return service will grant investment buyers more profit and ultimately help the projects long term success." Stay tuned to Realestate.com.kh NEWS for more information about this huge new project as soon as it is released.Please contact our professional team for more info!

Have you ever considered leaving the big city of Phnom Penh for a more peaceful life with your family? Located just 48 kilometers from Phnom Penh is Kampong Speu, a fast developing hub where fresh air is still assured. Home to great natural rivers, such as the famous Preaek Thnot River, with its majestic display of trees that stand along the river banks; living in Kampong Speu is unique and attractive, especially for those stuck in the inner city of Phnom Penh. This is also the exact reason why Dusit Realty, the developer of the Kampong Speu Flat and New Market Project, decided to build a property in Chbar Mon Rokar Thum, Kampong Speu. Please contact our professional team for more info!Armed with 18 years of real estate experience, Dusit Realty has grabbed the opportunity to provide people with not only new homes in the form of flat houses in a Borey in Rokar Thum, but also new lives and lifestyles that will not disappoint. Besides having a clean and natural surrounding to move around in, this great project is the perfect place for people wanting to start their own family and their own small business. You can be your own boss and still spend time with your family! The opportunities are endless! Maybe you want to start a restaurant business, a retail shop or a salon? Whatever you choose, it will surely be a successful venture because Kampong Speu offers great investment growth. The old market of Kampong Speu is conveniently located just 250 meters away, meaning you will always have retail traffic. As if that isn’t enough, there’s a new market that’s under construction nearby to serve even more establishments and shoppers. With shoppers amounting to thousands upon thousands per month, there will be no shortage for earning opportunities. But you’ll not only earn some extra income for you and your family - but you’ll also live in a safe and friendly community setting perfect for making new family friends. This Dusit Realty project in Kampong Speu also has all amenities and advantages you might like: It has a huge number of parking spaces, security and community areas. It’s also close to public transport and near schools, shops and parklands which the whole family can enjoy. And when you're exhausted after a hard day’s work, you can be sure you will feel comfortable with Dusit Realty’s modern bathroom and modern kitchen designs, and your large family living room. So, if you’re feeling like you just need a change of scenery or there’s an urge to start fresh with a new home and a new business, do not hesitate to make a move towards Kampong Speu. It’s definitely an investment you won’t regret. Please contact our professional team for more info!

Cambodia has seen a wonderful start in its commercial property market in 2016 which is confirmed through reports such as the Knight Frank Asia Pacific Prime Office Rental Index 2016. Commercial spaces and industrial real estate have seen one of the biggest demands for investments in the country so far, especially from the foreign nationals who see its potential as the Cambodian economy shifts into the ASEAN region. Although there have been around 150 factories that closed in Cambodia in 2015, there are still more than 500 active factories using around 5,000,000,000 square meters of land in Phnom Penh alone, says the Director of the Valuation Department at Bonna Realty Group, Mr. Sung Sina, in his presentation at the Real Estate Market & Outlook Conference (REMOC) 2016. This is due largely to the fact that foreign investors coming in from different countries like China, UK, Taiwan and Hong Kong find that commercial properties and labor in the country for textile, apparel and footwear manufacturing is relatively inexpensive compared to neighboring countries. This is still the case despite the fact that the minimum wage has now risen to $140 a month, excluding lunch and transportation allowances. Sina states that there have been 2,305 industrial real estate projects that were approved by the Ministry of Land Management Urban Planning and Construction, which brought a 33.14 percent increase from 2014, bringing construction investments to a total of $3.38 million. Sina also mentions that special economic zones will play a part in the future of industrial property investments; a key place in which future developments such as factories and warehouses can call home. At the moment, there are 13 active SEZs in Cambodia and 34 that are currently being approved. These special economic zones will bring about wider roads and centralization of properties that will comply with international standards in terms of titling. Having these SEZs will also be more convenient for investors who will have reliable access to utilities like waste water disposal, electrical power and flood protection. This makes it very attractive for foreign investors who are looking to relocate their operations in Cambodia. Sina, however, warns that though there has been significant growth in the industrial market from previous years, this has also caused an increase in competition as well. This isn’t necessarily good news for property agents, but it does provide more flexible options for investors. This also serves as a challenge for those in the industry to be more innovative in their marketing and approach when catering to potential property investors. Much like in every industry, there is always a possibility for growth and regress. But the Cambodian industrial real estate market has proven that despite going through difficult circumstances, it will remain to be a stable investment option. And with policies that aim to improve the quality of working conditions and worker convenience, those who wish to put their money into the industrial property market are still projected to have a significant amount of investment return this year and in years to come. View Industrial Real Estate in Cambodia NOW

Life insurance is a relatively new concept to Cambodia but it is an important one. Life insurance is about protecting your life against the daily risks one can be exposed to that may lead to loss of life. One of the major risks in the kingdom is death due to road accidents.Leading insurance provider, Camlife offers insurance products to all Cambodian’s to ensure their policyholder’s lives will be protected against incidences such as road accidents; and if something should happen to them, their family and loved will be protected and provided for with the guarantee of a better future. Life insurance offers the chance to leave a legacy after you are gone, and to ensure those closest to you will inherit financial security to live on beyond their grief.   Camlife has two products: life protection and endowment. Life protection covers risks to your life and endowment is a combination of life protection and a means of investing and saving money in order to make it work for you. Camlife invests your premium during the term for example, 10 or 15 years, in order to make a return which includes any interest accumulated over the investment length. During the term you have the benefit of not only protecting yourself against risks to your life in the future but also a means of growing your invested money at the same time. Both products add value to your life and are very affordable.Contact us now to find out more about these policies!

There’s great profit to be made with selling properties, especially in a country with a fast-growing economy like Cambodia.Whether you’re new to the industry or have been around for a very long time, there will always be people looking for a good investment and they will always try to look for someone with insider knowledge in property. That someone is usually their real estate agent.Whether it’s for selling property or looking for the next home that would best suit their needs, it’s most likely that real estate agents are sought after for help. But real estate agents are bound to make mistakes if they lack certain knowledge, skills and attributes.In an interview with Realestate.com.kh, Mr. Kim Heang, CEO of Khmer Real Estate and former president of the CVEA (Cambodian Valuers and Estate Agents Association), states that “if you have a good occupation, if you have good language, that is not enough.”So, before trying your luck at becoming a real estate agent in Cambodia, here are a few tips:Educate Yourself:Educating yourself does not only mean reading up on the market and getting updates on trends through your smartphone. It means getting a proper education and a bachelor’s degree.There are about a thousand or more registered property agents and ten times more self-proclaimed property gurus in the Kingdom who give investors bad deals and misinformation. It not only makes people from the Cambodian industry look bad, but it also scares people from investing in Cambodia and trusting property agents again.Learn the Language:Heang says that although there are many investors in the local and international market, most of them are foreign nationals looking to invest in properties for commercial use, residential investments or for retirement. So, you have to learn their language in order to prevent any misunderstandings.English may be a safe first choice as it is spoken by many foreign nationals. But since the Cambodian real estate market is particularly popular with investors from China, it will serve as an edge for you if you can speak Chinese as well.Experience and Employment:One of the things to look for after getting your education and learning the language is experience as a real estate agent. Many newcomers make the mistake of applying for positions in a big company says Heang.If you’re looking for good experience, look for it in middle-class companies where you can learn from the founders or CEO directly. At the same time, being in a company that’s still growing will give you better opportunities that you will have a hard time getting into big companies.If you are looking for a real estate agent in Cambodia, read our guide on Choosing the Right Cambodian Real Estate Agent.Honesty:Your honesty is probably the most important among all the attributes a great real estate agent must possess. As Heang puts it, “it’s from your heart”.Many who are new to the industry make great money at the beginning but often struggle in the long run. This is because they lack empathy for the needs of the investors. So, it’s important that you remain truthful and just give them their best options rather than set high expectations you know you cannot fulfil.Your integrity and good character are what will keep them coming back. The longevity of your career is dependent mostly on the trust you build with your client base. Whether you’re new to property investments or not, it’s important to keep all these in mind to prevent unnecessary mistakes and future complications.It is important to note that the job of a real estate agent is not just to make profits, but to keep in mind the best interest of the investors at all times.  For more news and tips, tune in to Realestate.com.kh daily!

Internationals are increasing looking to invest their money in the Cambodian real estate market. According to the Ministry of Land Management, Urban Planning and Construction in the first 9 months of 2015 investments in the real estate and construction sector had a combined worth of $1,752 million, as compared to $1,540 million during the same period in 2014, which means an annual increase of 13.8 percent. This is great news for the new developments market! According to Knight Frank Cambodia’s research, namely the Cambodia Real Estate Highlights 2nd Half 2015, the top five investing countries bringing capital to the Cambodia property market were Korea, China, Japan, Britain and Malaysia. Meanwhile, international buyers are particularly motivated to secure property in foreign markets, with around 60 percent buying property with cash up-front.  The world is changing fast, and people are happier than ever to live, work and invest outside of their home nations. In fact, according to the United Nations, around 3.2% of the world’s population has already made the move to live outside their country of origin. This is one reason the international property market is getting hotter everyday. At Realestate.com.kh, through our developer’s marketing packages, we easily and automatically help Cambodian property developers enter the lucrative international property market, make international real estate connections, and, ultimately, sell property to wealthy international buyers – all without leaving their computer chair. Established in 2009, Realestate.com.kh is a website business focused on helping people buy and sell property; and developing the Cambodian real estate market’s exposure to the world! All the leading real estate developers in Cambodia are working with Realestate.com.kh to develop their marketing strategy online and offline, and we are generating qualified sales leads for them everyday. For property sellers there is no need to waste your time and money listing property on other classified websites where user traffic is not related to property. Realestate.com.kh is ranked number 1 for search results on google.com and google.com.kh for almost all property search keywords related to Cambodia. Our website is also mobile and tablet optimized, which is perfect for Cambodia where this type of traffic holds a large market share. Meanwhile, we harness social media marketing to push your property to a wider audience, with over 70,000 Facebook followers and an audience of over 20,000 on LinkedIn. Realestate.com.kh also has a high level of traffic from international investors, around 30-50% of all organic website traffic. But in addition to this, for those developers that choose to list on our site we can also export that listing to international property portals around the world. Realestate.com.kh has an exclusive listing partnership with the Property Guru Group, Asia’s leading online property portal group used by more than 11 million property buyers and generating over 500,000 enquiries every month – as the market leading website across Singapore, Malaysia, Indonesia and Thailand. Your listings will be co-listed on all of these Property Guru websites when you list on Realestate.com.kh, generating high quality international sales leads for your sales team or exclusive agency! Furthermore, ListGlobally, another co-listing partner of Realestate.com.kh, is the largest international real estate advertising network in the world and publishes property listings on over 50 leading property portals around the globe – including famous websites such as I-Property Singapore and Malaysia, Realestate.co.jp in Japan and many, many more. Your new development will appear on every single website in the ListGlobally network! When you work with us, Realestate.com.kh also co-list your new development on Juwai.com, the leading property website in China for Chinese interested in International Property Investment. Second only to the USA in terms of international buying power, Chinese buyers represent a tremendous new market opportunity for property sellers in Cambodia and Realestate.com.kh capture this traffic for you through our connection with Juwai. Chinese property buyers are also renowned for paying in cash! Juwai.com is the only international property portal hosted on both sides of China’s Great Firewall, and your listing will be translated and optimized to suit the Chinese market.  Also, early bird discounts are still available for the “Emerging Markets Property Show” in Singapore, a property expo organised by Realestate.com.kh and the Property Guru Group, on the 8th and 9th of October 2016. Cambodian developers can exhibit their projects and close deals with international investors. If you are interested in attending or exhibiting your new development project visit or call Realestate.com.kh on 095911466, 069 436756 or 017 436756, or email info@realestate.com.kh.  Harness the online revolution that is spreading across Cambodia and the globe – and get your listings sold to international investors on Realestate.com.kh today, Cambodia’s home of real estate.

Cambodia’s first eco friendly industrial park, part of a larger mixed use development project named Le Urban Eco Park, was conceptualized by Singapore Developer, CIAC Investment Co Ltd. With its first factory fully operational, Le Urban’s Industrial Park has set its sights on expanding their business rapidly, to remain regionally competitive by designing and structuring their facilities to higher worker health and safety standards than Cambodia has ever seen. In addition, their eco concept brings a host of other financial benefits for their factory owners and tenants by being environmentally friendly, energy efficient, and innovative; all in ways that translate into additional cost savings and improved production efficiencies.SEE THE FULL LISTING AND INQUIRE FOR MORE DETAILS TODAYGreen spaces, parks, staff accommodations, and a commitment to recycling resources and leaving a light carbon footprint have also been incorporated into the master plan to truly make this development a clean and sustainable center of commercial and industrial activity; and one that truly sets the standard for the industry in terms of improving the quality of life for workers and area residents. Le Urban Eco Park is the first of its kind in Cambodia; and their industrial park is leading the way as the only facility awarded the Green Mark Gold Certification by the BCA (The Building and Construction Authority) operating under Singapore’s Ministry of National Development. For more progressive and socially minded factories, having this certification provides greater access and leverage with internationally recognized brands and retailers who value suppliers with a more holistic approach to responsible manufacturing practices. For instance, areas are built to have a wider space where employees have a more comfortable area to work, and improved airflow and ventilation. This is a far cry from what most factories offer in Cambodia currently. These built to order facilities come complete with employee accommodation, canteens and rest areas, and span over a total area covering 18 hectares, with units of up to 100,000 square meters available for lease or purchase. It is estimated to be one of the biggest – if not the biggest – eco park project for the coming years. The developers have incorporated an open and more environmentally-friendly approach by using found elements such as bamboo in its design, replacing air-conditioning with large overhead fans, utilizing more natural light with simple yet pragmatic window placements, and setting aside 30 percent of the development area for gardens and green zones. The result is that owners will spend significantly less money on electricity bills - and can allocate more funds for operations rather than utilities. In addition to its design, C.I.A.C. Investment has also made sure to address the ongoing struggle that industries face in Cambodia with electricity consumption and flooding throughout the eco park. Cambodia has been known to have particularly high electricity costs due to the fact that it imports much of its power from neighboring countries. Le Urban Eco Park will have control over its own electricity supply to meet the demands of the owners at no additional cost. So, there is no need to worry about electricity bills skyrocketing or fluctuating. Le Urban Eco Park also has a sophisticated drainage system that is deep and complex enough to control flooding that may otherwise affect the productivity of workers and the complex at large. Another reason to transfer or expand your business to Le Urban Eco Park is that you can provide low cost but high quality accommodations for your employees and managers who would otherwise be renting out basic and uninspiring flats that barely meet their needs. This is an important factor for owners, as not being able to provide employees sufficient standard of living may eventually lead to losing valued employees. Homes and residential units in this development come fully furnished so your managers don't have anything to worry about except how to improve your business. These condo units and flat house are available for sale now as investment properties; but will also be available for rent through the developer’s sale and leaseback program. Aside from that, the project is also expecting to house around 2,000 factory workers on site in quality dormitories. Your staff will also have canteens, parks, retail and recreational areas conveniently located nearby. Le Urban Eco Park Cambodia is located at National Road 3 , Kandaok, Kandal, which is just 15 minutes away from the Phnom Penh International Airport. So, quick surprise visits will be easy for owners who wish to check how operations are running while connecting flights in Phnom Penh. In conclusion - what makes this the perfect investment for factory owners? It is the developer’s unique focus on three key aspects: standard of quality, construction and efficiency. Le Urban Eco Park not only guarantees that you will get the most out of your money, but it also you save money in the long run - which you can use to further expand your business. Le Urban Eco Park will celebrate its official launch Wednesday, June 8, 2016, at Raffles Hotel Le Royal. The event is invitation only and will include HE Cham Prasidh as Special Guest Speaker and the unveiling of their Project Plan. Interested buyers may contact the sales office for tickets requests, provided there is availability. Change your industry for the better, inquire today to find out more!SEE THE FULL LISTING AND INQUIRE FOR MORE DETAILS TODAY

While rapid growth in Phnom Penh’s condominium market is showing signs of slowing down, one segment ripe for expansion is the serviced apartment market.As Ann Thida, senior associate director of CBRE Cambodia, said in her presentation at the Real Estate Market & Outlook Conference (REMOC) earlier this year, Phnom Penh has the largest share of serviced apartment supply. And according to the CBRE market research, occupancy rates across the entire Phnom Penh serviced apartment market currently stands at 85.8 per cent.The CBRE Cambodia Q4, 2015 report showed than an estimated 35,000 expats apply for permits to work in Cambodia each year. This compares to the supply of Phnom Penh serviced apartments which is currently at 6,494 units. This market-supply imbalance is one of the main reasons price per square meter is relatively high in the capital’s serviced apartment market, compared to comparable markets in Bangkok and Ho Chi Minh.Some monthly rental rates in the hot residential corridors of BKK and Daun Penh reach as high as $3,500 per month.“With Cambodia being classified as a high-growth country, the rising quality of living, and increase in volume of foreign talents and tourists creates demand for quality serviced residences,” said Jeremiah Lee, managing director of Singaporean-based development company, Kingsland Global. Kingsland will soon enter the serviced apartment sector in Phnom Penh with their One18 Residences project, nearing completion, on Street 118.Thida notes that on a broader spectrum across the regional market, Phnom Penh has the lowest rental rates for Grade-A serviced apartments in mainland Southeast Asia, ranging from one- to three-bedrooms.However, Sofia Perez, research and consultancy manager at Knight Frank Cambodia, says, “It doesn’t make sense to look at the serviced apartment sector in isolation, especially here in Cambodia where condominium projects can easily become serviced apartments, and vice versa.” “The biggest distinction between the condominiums and serviced apartment in Cambodia is merely a question of ownership. Both condominiums and serviced apartment units in Cambodia are available for rent, making them indistinguishable to tenants. Larger and more modern serviced apartments also tend to offer similar facilities and services as condominiums,” Perez said. “Therefore, in terms of supply of residential units for rent it will be more than sufficient – especially given the future supply spill-over of condominium units coming online within the next two to three years, which at current are approximately 20,000 units provided that all launched projects are completed on schedule.”Thida added that there is a misconception that the price will solely dictate the success of Phnom Penh serviced apartments as they come online. Perez agrees, saying, “The more important difference is between residential condo and serviced apartment developments that are setting industry standards, versus those that are missing the mark. In this regard, I would say that there is room for good quality residential developments not necessarily only in the high-end category, but across all categories."Within Phnom Penh, Tuol Kork is steadily growing and will soon need a larger supply of quality serviced apartments, suggests Thida; while Daun Penh is showing particularly high occupancy rates.Thida, nevertheless, warned developers that there are still challenges ahead for the serviced apartment market in Phnom Penh, including a lack of adequate parking space and at times poor property management.However, if developers play their cards right, Phnom Penh’s serviced apartment market could play a big role in their pursuit of success.In Thida’s words, “if you put the right property, at the right location and manage it well, the apartment will always have a good chance of success.”

Yesterday, J & L Property Development officially announced the launch of Sky Tree Condominium in Phnom Penh’s Russey Keo district. J & L Property Development have over 20 years of local experience in Cambodia – and are working in strategic partnership with the world-renowned constructor MCC International Corporation of Beijing, China; Urban Architecture, the most innovative and respected architecture company in the Cambodian market; Knight Frank, the renowned UK real estate consultancy firm; Century 21 Cambodia; CBRE Cambodia; Matsu Property of Taiwan; &, of course, Realestate.com.kh, the premiere real estate search website and media agency in Cambodia.LEARN MORE ABOUT THIS EXCITING PROJECT: SKY TREE CONDOMINIUM Guests of honor included Mr. Scott Wu, General Manager of J & L Property Development Co. Ltd, Mr Chen Shaochun, President of MCC International Corporation Ltd., and Mr. Sun Qingdong, Vice President of MCC International Corporation Ltd. As Mr Scott Wu, General Manager of J & L Property Development, said at yesterdays conference, "J & L Property Development is the main facilitator and owner of the Sky Tree Condominium project, bringing in world re-known and highly respected specialized partners in developing, planning, constructing, managing the various stages from start to completion, launching of project in accordance with the needs and means of the country, international standards and in a timely manner. J & L has a vision to help Cambodia to bring the country's image into the world property markets, and to do so is creating a world class product by collaborating with renowned partners." J&L wish to make affordability of owning a condo, as a prime objective, by lowering prices as much as possible, suited to the local demand and financial means, but meanwhile maintaining a high quality finished condo product. J & L will provide a "one-stop" solution by bringing a foreign bank into the partnership to provide "hassle- free" housing loan directly to the buyers and investors of units at SKY TREE project. Local and International buyers are only required to pay an initial deposit of 10% of the total purchase price. This is affordable for local buyers. Buyers then have access to finance for the rest of the payment, with 40 months of interest free finance to pay the balance 20% of the purchase price, then 70% bank loan available for all buyers for the remaining balance, with up to 15 years repayment. Sky Tree Condominium units start from just $89,440 NET. J & L’s founder, Mr. Simon, had a wish to create a healthy lifestyle for those living in the city of Phnom Penh, by introducing high technology based parts and materials imported from overseas, such as eco-friendly materials, air-tight window frames, tinted window glass frames, green features and nature built within the development.LEARN MORE ABOUT THIS EXCITING PROJECT: SKY TREE CONDOMINIUM J & L Property Development wish to be a "catalyst" in quickly developing Phnom Penh into the world market for property investment; and is approaching major players in key markets in order to combine their regional expertise and expose the Phnom Penh market to their huge networks. J & L wants to ensure the safety and well being of the buyers and investors for the life of the development, and as such have partnered with one of the TOP construction companies in the world - MCC International Corporation from Beijing. The C.E.O and family will also be staying and living in the condo upon completion. Construction has already begun at the Russey Keo Site. Mr Sun Qingdong, Vice President of MCC International Corporation LTD, stated that "MCC ranked 326th among the world’s Fortune 500 companies and 10th in Engineering News-Record’s Global Top 225 Contractors. At MCCI, we specialize in designing and building the strongest portfolio of engineering feats around the world. MCCI has branches, subsidiaries and representative offices in Southeast Asia, Middle East, Africa, South America, etc. MCCI is proud to offer engineering, construction and overall strategic support for J & L Property Development Co. Ltd. Cambodia’s current and future projects." With the strategic support of MCCI Corporation, construction has already started at the site in Russey Keo, Phnom Penh - long before the sale’s launch. Phase 1 will be completed by 2019, ready for handover to buyers. Mr. Melvin Baroga, Head of Design Department, Urban Architecture Co., Ltd, stated that "the design of Skytree Condominium is based on a strong desire to create an architectural impression that exemplifies grandeur. Pronounced perpendicular lines that extends from the podium up to the roof communicates a feeling of superiority from the surrounding buildings. Combination of horizontal and vertical design elements are used to communicate solidity. It creates rectilinear forms that suggests stability and permanence." "Residents can enjoy lounging by the swimming pool surrounded with greeneries or relaxing at the SPA and massage room. A mini-rainforest adjacent to the pool area is provided for those who wants to be immersed in the nature experience that Skytree has to offer. The spacious sky park on the connected roof decks is an ideal place for fitness and exercise. It offers a central space for residents to gather in the evenings," said Mr. Baroga. Although this is J & L’s first Cambodian project, it will be the start of many more to come.LEARN MORE ABOUT THIS EXCITING PROJECT: SKY TREE CONDOMINIUM

Year after year, the standard living for locals in Cambodia, and in particular Phnom Penh, is increasing. New types of property are changing Cambodian lifestyles; such as new standards of commercial buildings, office towers and co-working spaces, supermarkets, malls, entertainment venues, and modern residential developments. These structures offer proof of an increasingly modern lifestyle being adopted by the people of Cambodia.As this standard of lifestyle rises, increasingly Cambodian property buyers are demonstrating increasing demand for properties of a high standard and high quality. Accordingly, the business competition between property developers and designers in the nation is rising fast.These days we can also see more youth in Cambodia fresh out of school joining the business sector, bringing with them ambition, innovation, and a high level of commitment to their personal and business success.One such business sector being joined by more and more young entrepreneurs is interior design, as the demand for such services grows year on year.Starting a small business in the interior design industry is particularly attractive to the young-business sector in Cambodia because entering the market comes with very little risk, compared to some other professions.A young designer can easily catch a contract for the redesign of a restaurant, entertainment venue or home without a large portfolio of projects under their name and without the need for a lot of start up capital. Assisting them also is the growing popularity of the interior design sector across Cambodia.25 year old, Mavaly Chhoeum, senior staff from Studio INT in Phnom Penh, says that, “most of our interior design and construction projects are venues such as boutique clothes shops, restaurants, spas and many more places like this. Clients usually likes the contemporary concepts, and a try to make their spaces a bit more modern.”She added that, “interior design is highly demanded in the Cambodian market these days and competition is getting tough. It is important to travel to learn new things as much as you can, and always be creative and not a copycat.”“Interior design business and construction is more and more popular in Cambodia” said 29 Heang Venvitou, co-owner of Sathapanak Design and Construction.Interior design projects involve managing the creation of unique, attractive and livable spaces inside buildings. The design might follow trends of local taste or import standards of modern lifestyle through design from other countries around the world. Functionality must always be considered too.A good interior designer will leave their signature on the place that they remodel.Now Sathapanak has a collection of projects in hand, such as: boutique clothing store AXARA, Kobe Restaurant, a Spa, Bank, villa, and condo. For the materials that they use, they generally import from Thailand, Vietnam and some material from local.Interior design is driven by a passion to create something new; and given this aim, young Khmer business people with fresh ideas are perfectly suited to catch the market share in this business sector.Before Cambodia needed to import human resources in interior design from other countries, especially neighboring countries of Vietnam and Thailand – but now young interior designers are demonstrating that this is a local industry of great worth and reliability, and one with many opportunities.Find the best real estate news on Realestate.com.khlook for real estate for rent in Phnom Penh or real estate for sale in Phnom Penh? Check out Realestate.com.kh today.

The Peak, the second project from Oxley Worldbridge, had their official groundbreaking ceremony on May 3 2016 at the project’s construction site, and the Realestate.com.khTV film crew was on the scene! Later that evening, an official launch party was organised at The Peak nightclub. The gala was attended by a host of distinguished guests and partners from Cambodia and overseas, including a famous actress from Singapore and Ms. Katreeya English, a popular pop singer from Thailand.FIND OUT MORE ABOUT THE PEAK NOW!Riding on the huge success of The Bridge, The Peak @ Cambodia is set to be the most iconic development in Phnom Penh. This beautiful masterpiece is jointly brought to you by renowned developers, Singapore’s Oxley International and Cambodia’s Worldbridge Land. Standing at a magnificent 55 levels tall, this exciting mixed-use development comprises twin residential towers and a commercial skyscraper that will be the tallest building of its class in Phnom Penh, offering residents superb panoramic views of the waterfront and city skyline. Imagine having the fantastic view of the water-fronting skyline while chilling out in the sky-infinity pool on the rooftop level 55. This is not unlike the top-of-the-world feeling one will have while doing the same at the Sands SkyPark on level 57 of Marina Bay Sands, Singapore. The only difference is that you’ll be doing this in the comfort and freedom of your very own private abode.FIND OUT MORE ABOUT THE PEAK NOW!