In their abstract for a paper entitled “Infrastructure Development and Real Estate Values in Meru County, Kenya”, authors Mbaya Murungi and James Gatauwa describe infrastructure as an element that directly affects property value. The ease, convenience, and accessibility these infrastructural developments bring plays a key factor in how properties are sold, anywhere in the world.If this relationship is true, then this should predestine Cambodia’s future real estate growth and can suggest an increasingly positive outlook for buyers getting in the market now. As investors flock towards the nation and its growing economy, newer infrastructures also continue to quite-literally rise from the ground to help both sides of the economic spectrum, the wealthy international investor and the local populous. And while these new amenities will add costs for both purchasers and renters, it will also provide ease and comfort for people moving into different regions of the country.  Phnom Penh International Airport Expansion:Property Report, in their recent article, states their case in showing the correlation between airports and rising real estate prices. They mention a growing interest by wealthy investors with properties located nearby international bound airports, thereby increasing sales of prime developments in the area.As such, a $23 million expansion of the Phnom Penh International Airport by a Malaysian company in 2015 drew an enthusiastic reaction as it was expected to bring in more tourists and more wealthy investors. This was however short-lived as the announcement that the project was halted began to make its rounds, along with news of demonstrations that were being held by neighboring residents of the PPIA. In response to this, soon came news from the Senior Government Minister regarding plans for a totally new airport near the city outskirts. If the plans push through, the government’s target date of completion would be 2025. With this new airport, the government also seems to be considering mass transportation systems upgrades to fast track those travelling to and from the airport into the city.In line with this, new types of multiple entry tourist and business visas are set to come into effect on September 1 2016, easing entry requirements greatly for regional investors and retirees.Completion of Railway to Poipet:Hosting a Thai-Cambodian border in its area, Poipet has long been a transition town where cargo and travelers pass. But delays in this small gateway town have traditionally plagued logistics and trade inefficiencies.One solution that has been put forward and is now nearly within reach is a new railway system that will connect Phnom Penh and Poipet. This new system is expected to allow much more direct access to Bangkok from Phnom Penh and vice versa. With only 6 more kilometers of tracks needed, completion is expected at the end of 2016.In addition to this, Sihanoukville is also expected to experience a boost of trade and tourism through the reopening of the passenger railways that connect it to Phnom Penh.Sihanoukville Port Development: Other than the over-arching improvements currently being implemented in the humble beach town of Sihanoukville, a great deal of work has also been put into the expansion of its port area.Having the only deep sea port in the country, particular emphasis has been made to ensure that it is able to accommodate sufficient trade and transactions. The expansion and functionality upgrades throughout the years has brought many business owners huge benefits and is the overriding factor that is drawing new foreign direct investment into the province. The Sihanoukville Port Multi-purpose Terminal Development project alone, which Japan has helped fund, will cost around $75 million and is estimated to be completed by the end of 2017. The end goal for Sihanoukville Port is that full size cargo vessels will be able to port at Sihanoukville, making long haul import and export around the world less costly and faster. Currently, Sihanoukville can only harbor feeder vessels that would then need to travel to ports such as Hong Kong, Singapore and other regional post in order to transfer containers onto the larger long haul vessels. In the future, full size haulers will be able to travel direct to worldwide destinations.Roads and Transport:With the growing population of Cambodia and particularly Phnom Penh, accessibility and traffic definitely play a big role in the values of residential and commercial properties.So, news of Japan donating 140 new buses, valued at over $10 million, was received well by the Phnom Penh working class. These units are expected to service the citizens much more efficiently by 2020 as bus lines are set to continue to increase yearly. Currently there are 10 lines across Phnom Penh. The regional road systems of Cambodia are also expected to experience changes in the next few years. China – through the firm Henan Provincial Communications Planning, Survey, and Design Institute – will develop an expressway along National Road 4 (Phnom Penh to Sihanoukville) after the go signal was given for the China Road and Bridge Corporation to push through with a proposed highway project recently.This comes at a time when Sihanoukville is under a period of growth and developmental changes; and, as anyone that has travelled to the beach town by road will know, a wider, direct highway will benefit this growth hugely.In addition to this, National Road 5 is also expected to strengthen the efficiency of trade with Thailand through a recent grant from Japan.Learn more about Cambodia in our extensive location profiles!

Cambodia is fast becoming a world-leading destination for tourists who want to experience a new frontier on the global tourism stage. And why not? Cambodia has a rich and diverse cultural history; it is full of natural wonders and untouched beaches; and as the Kingdom’s economy grows, Cambodia is offering travelers more and more luxury options to make their stay even more special. In fact, according to TripAdvisor.com’s “Travelers Choice Awards 2015”Cambodia was the 2nd most popular tourism destination in the world.As of 2016, Cambodia has about 500 hotels of note, but only around 30 of these hotels have 100 or more rooms - and just six or seven of these venues offer international standards of hospitality services and execution. In this domain, the SOKHA Group is leading the way across the nation... SOKHA Group has a wealth of experience in tourism and hospitality in Cambodia, with their network of 5 star offerings across the Kingdom: Sokha Beach Resort – Sihanouk Ville; Sokha Angkor Resort - Siem Reap; Thansor Bokor Highland Resort – Kampot; Sokha Phnom Penh Hotel & Residence - Chroy Changvar Peninsular, Phnom Penh and Sokha Siem Reap Resort & Convention that going to open in mid of September 2016. Sokha Phnom Penh Hotel & Residence is the premier luxury residential experience in Cambodia’s Capital city. Whether you want to stay 2 days or 2 years, by selecting Sokha, you are guaranteed the best that Cambodia has to offer every day. Sokha Phnom Penh Hotel & Residence, which completed construction in 2015, consists of 18 floors with 549 units of hotel rooms and 195 units of residential suites (service apartments). Rising high above the shores of the Mekong and Bassac rivers, Sokha Phnom Penh Hotel & Residence is host to the most prestigious luxury living standard, events, business conferences or expos, and a popular choice for fine dining among the local elite.Sokha Phnom Penh Hotel & Residence offers unmatched views of the Mekong River and famous Royal Palace, and a quality of environment impossible to find in the popular inner-city districts. For those who are looking for working stays at the Sokha Phnom Penh Hotel & Residence, you are just minutes from the central business district of the city. Other perks for business guests include a meeting room for international conferences, high speed internet access and taxi services to and from the central city. All 195 residential units have classy polished timber floors and all amenities for your convenience included. The Bassac Suites (52 sqm/560 sqf) are exclusively designed as studio suites, fit for a quiet and relaxing stay. The Tonle Sap Suite (90 sqm/969 sqf) is a 1 bedroom suite with additional space, combining comfort, privacy and a place to call home. The Mekong Suite (104 sqm/1,119 sqf) has 2 bedrooms with highly customized and graceful furniture included, a premium choice of luxury living for both family and long stay business travelers. The suites feature distinctive, breathtaking views of the Great Mekong, Tonle Sap and panoramic view of Phnom Penh. Like swimming? At Sokha Phnom Penh Hotel & Residence you can get your fitness fix, with a huge 1,650 sqm/17,760 sqf outdoor swimming pool. Residents are able to access to gym, the luxurious healthy spa, steam, sauna, and jacuzzi. A comfort package is also available for residents with complimentary electricity and huge underground parking lots. Each room is connected with wireless internet access, fully furnished with full-sized fridge, washing/drying machine, modern kitchen full-equipped appliances, and multi-channel 47 inch LCD TV at the separate living room and dining area.Residents can also get complimentary usage of the hotel Business Centre at the lobby and the BBQ Pavilion Space on Surkea Rooftop (Open Space for Dining /Party /Landscape Deck). And enjoy the international restaurants that serves food from around the world (Chinese, Japanese, Asian, Western, Italian…). Like to party after work? The Wave Club on 19th Floor and Stardust Karaoke below the hotel is ready for you, any time from noon. With 5 star hospitality service, round-the-clock security surveillance, 24 hours room service, housekeeping, linen (bedding and toweling) and daily shuttle bus service from the hotel to Aeon Shopping Mall, guests are able to relax and enjoy with their stay while the Sokha staff take care of almost everything. Of course, the concierge services are ready to help with any need you might have, day or night.Find out more about Sokha Phnom Penh Hotel & Residence and make your stay in Phnom Penh unforgettable!

Cambodia has seen a significant rise in its economic value throughout the past decade, but there is a potential threat that it has to watch out for. Negative interest rates are looming to enter Asian countries and are slowly creeping in from the European and Japanese economic policies and implementations from central banks.  This, Sing Capital’s Chief Executive Officer Alfred Chia, explains is a concept taken from the Swiss government when it was fending off a crisis back in 1970. This was a statement he made during the Inaugural Cambodia Property Show held in Singapore this year.What is a Negative Interest Rate?Negative would seem like an odd usage when used in combination with the term “interest rate.” But this has been a concept embraced by countries whose economies are coming into a desperate state. Chia explains the concept as something that goes against what we’ve been taught. Whereas banks are supposed to pay us an interest when we decide to put a deposit, the concept of negative interest rates works the other way around. Banks actually charge you the interest for putting money in their care.This should come as no surprise, but it is definitely an “unconventional” concept, according to Chia. Probably something that we usually take for granted is that banks are still business entities and still have to earn.Why are more countries adopting Negative Interest Rates?He continues to state that there are five main factors affecting why more and more countries are slowly adopting this unusual concept. These factors are Global GDP, China-economy affects, oil & commodities, currency, and interest rates; and these are all interconnected.Since there is a downturn in the global economy right now, we find that countries like China are slowly experiencing the effects through the apparitions of its ghost towns which were once vibrant communities for industrial workers and their families. Having said this, we also see the appreciation and depreciation of major currencies like the US dollar which serves as Cambodia’s main currency.How might this affect Cambodia?What will most likely affect the growth of Cambodia is either the strengthening or weakening of the US dollar, and the Chinese business behavior during this time since the Chinese are also one of the major investors in Cambodia.Though perceived to be signs of a struggle, the aim of negative interest rates is to force banks, businesses and individuals to be creative with how they can make their money grow. Banks seem to have found a means through lending out.And, according to Chia, banks have seemed to found a sort of reprieve through the property market. He uses Japan as an example where its people are able to loan up to 100 percent of the property value at just a 1 percent per annum interest rate. With proper valuation, lending out lessens the risk for them because even if the loan is not paid back, they still have the property itself to fall back on.Should this concept apply for Cambodia, banks may actually be able to profit more due to the booming real estate industry.Learn more about the Cambodia investment climate!

Phnom Penh, 23 August 2016 - SHUKAKU INC. signs MOU with the DON BOSCO Foundation in order to equip young Cambodians with the skills to build the Cambodian of tomorrow.Under this partnership, the Phnom Penh- based Real Estate Company and the master developer of the Phnom Penh City Center (PPCC) will grant scholarships to 20 students from the Don Bosco Technical School over two years tuition, and sponsor a brand new computer lab at the Don Bosco campus.The Memorandum of Understanding (MOU) with the Don Bosco Foundation will pave the way for a two-year partnership worth more than $69,000.The Don Bosco school is an educational non-profit organization that provides free vocational training to young Cambodians from disadvantaged backgrounds.Roel Soto, Country Representative of the Don Bosco Foundation, said: “We are grateful to Shukaku Inc. for aiding us in our efforts to fight social exclusion through practical education and skill building.”He added, “These scholarships will equip young Cambodians with real-life-proof technical skills and knowledge, crucial learning and development, all of which will enable us to build the Cambodia of tomorrow, today.”The company will also sponsor a brand new computer lab comprising of more than thirty computers at the Don Bosco campus. This is another effort that is part of Shukaku’s commitment to enhance IT literacy across Cambodia and provide a conducive learning environment for the students of Don Bosco. Michelle Lau, Executive Director of Shukaku Inc., said, “This signing is only the beginning of what we hope will be a fruitful and long-term partnership with the Don Bosco Foundation. I continue to be truly inspired by Don Bosco’ s core values of inclusiveness, generosity and excellence - and I trust our relationship will strengthen over the years as we find more opportunities to help Cambodians unleash the full potential of Cambodia.” Ms. Lau also underlined that this partnership is only “the first of many to come.” Under Shukaku’s new “Sustainable Growth Initiative,” the company’s comprehensive community engagement and empowerment program will aim at making a tangible contribution to the communities in which it operates. The program will help build a collective vision to a future of share prosperity through various and long-term income –generation initiatives. Learn more about Shukaku's Phnom Penh City Center project today!

Even with the constant year-on-year 7 percent GDP growth of Cambodia and the boom of construction development across the nation, many investors still seem to be intimidated by the country and are hesitant when investing in Cambodia property.There is a perception that investing in Cambodia might cause certain conflicts or complications, if not immediately, but down the line. Guillaume Massin expressed a different opinion in his presentation at the Inaugural Cambodia Property Show in Singapore, organized by Realestate.com.kh and PropertyGuru Singapore. Massin is the managing director & partner of DFDL Cambodia.Massin states that Cambodia made a choice to build its legal framework before it was fully ready for implementation. Now, the country is still continuing to develop and enact the rules and regulations put in place years ago.This started in 2003 when the government developed hundreds of new laws. Thus far around two-thirds of these laws have been implemented, says Massin.This, of course, includes policies concerning civil procedure codes, criminal codes, and a court system. Although “it’s [still] getting there,” Massin states that it is now more developed and systems are now more transparent than ever before.Improvements very relevant to Singaporean investors include a double taxation treaty between Singapore and Cambodia where there will be a 10% cap on tax for foreigners investing in Cambodia. And this can be advantageous since the tax usually goes up to 14%.Another advantage that was brought about by these changes include the investors in the industrial sector being able to register their companies and seek government incentives. “Qualified” projects, with necessary licenses, will be able to get a tax holiday which can last up to 9 years.When investing in Cambodia, it is also important to note you must choose to engage with developers with a valid license for their project. This is important because when something goes wrong, your properties and assets are only protected by the law if the license is valid. Massin states that these licenses can and should be verified through registered legal counsels.Massin also says that despite some restrictions, investing in Cambodia is still a good idea because it remains a very open economy and a flexible market. You can even incorporate your company in two to three weeks, provided you show residency requirements. Massin also notes the flexibility of the strata titles.Probably the biggest restriction when investing in Cambodia is that foreign investors are not able to buy land. Although, he says that long-term leases can also be utilized as a workaround for these types of investments, and are well tested.He advises that there are two more ways by which an international investor can enter the land and landed properties market. Either purchase through a Cambodian national or through establishing a Cambodian company where the majority shareholder is a Cambodian national. Massin says to use the latter rather than the former, if given the option.The presentation closed with Massin reminding investors considering investing in Cambodia about what documents to ensure you have before proceeding with development or property investment projects.For one, you have to do a property background check. You have to have the title inspected by a lawyer as they are the only ones authorized to do that. Second is to check if the licenses are in place and valid. This includes the license of the developer. Lastly, you have to check the necessary documentations such as the letter of intent and the sale and purchase agreement.“There are still some efforts to be made, there are still some projects to be implemented in terms of legal development, but definitely, it’s on track,” concludes Massin.This is the emphasis of Massin’s presentation: While there are plenty of things that are still not in order, there is are many things to be optimistic about and opportunities that have long past in other markets.  Find out more about foreign ownership in Cambodia now!

Being the first residential project of the HLH Group in the country that is outside the realm of agriculture, D’Seaview project by the company’s residential project entity – Camhomes – has embraced great success since its introduction last year. Currently, more than 51 percent of the 737 residential units in the D'Seaview mixed-use development had been sold and the piling work has already achieved a hundred percent completion since the 18th of July, 2016. Deferred Payment Scheme: You will now be able to pay for a unit by giving 30 percent down payment first, then deferring the other 70 percent to only at the completion of the unit. This entails an absorbed fit out cost of approximately 5 percent of the purchase price and a guaranteed rental return of 30 percent over 3 years at 10 percent per year. Initially, a down payment of 5 percent is required. This is then followed by a 25 percent payment which is due upon signing the sales and purchase agreement, along with the guaranteed rental return side letter. The remaining 70 percent will be given once the unit is handed over. Installment Scheme:  To further enhance the choices to interest buyers, one can also purchase a unit from D’Seaview through the new revolutionary way, via a 5 years installment plan. This gives buyer the added benefits of having 0 percent interest, 100 percent installment for 60 months, and has 0$ down payment. Only a selected limited number of residential units in D’Seaview qualifies for this type of payment scheme, therefore it is while stock last basis. Getting a residential unit with high-class amenities and a beautiful view of the beach has never been easier. See the full listing and Inquire today!

Phnom Penh is a relatively small area that is marked with varying subcultures. This is one of the things that gives the capital city its unique spirit and dynamic lifestyle.And according to Chairman of Cambodian Investment Management, Anthony Galliano, the merging of ideologies, structures, and tradition is best observed through the properties along the Phnom Penh Riverside.There are a number of things you can see and do in this area, and Galliano lists a few of them during his recent interview on Realestate.com.khTV.Stunning Scenery:Imagine the reflection of the sun in the river as it sets, all the little boats just passing by your view from the window. That is exactly the picture Galliano paints for the Riverside area.Living here means that you will be able to bask in the rays of the golden sun and just absorb all the beautiful sights around you - which includes the rivers of Mekong, Tonle Sap, and Bassac rivers. You can also see diverse architecture and a landscape that had been influenced by different time periods.But wherever in the Riverside area you go, you are guaranteed to see something eye-catching.Festive Occasions:People say that you can tell a lot about a place and its people through the types of festivals they celebrate. And Phnom Penh’s Riverside surely does not have a shortage of festivities.Galliano explains that you have a pretty good vantage point you can utilize if you live in the area because you’re right in the middle of all the celebrations. But probably one of the best festivals in Cambodia you will be able to attend is the Water and Moon Festival, otherwise known as Bonn Om Touk, which ushers in and welcomes the fishing season. During this time, you can also opt to watch the annual boat race which is the festival’s main attraction.Convenient Location:The Phnom Penh Riverside area is conveniently located near the central business district of the capital city. This makes it relatively easy for workers and even families to move around Phnom Penh without having to worry about the increasingly congested traffic situation there. It is also close to facilities such as hospitals, schools, and grocery stores. Residents can testify that once you move into this part of Cambodia, there is little that you need to ask for. Everything you might need is there.Scrumptious Food:Because this area is also home to a growing number of expatriates, there are also plenty of restaurants to serve dishes which originated or are derived from Germany, Italy, France, Canada, America, Korea, China, Japan, and even Australia. So, choosing food will no longer be a problem as there is a wide range available.  The Phnom Penh Riverside area is definitely one of the best places to live in Phnom Penh. Having been well-developed throughout the years, you’re assured all you need to live comfortably here alone or with your family. Learn more about the perks of living Phnom Penh Riverside in another in depth Realestate.com .khTV report!

Jum reap sour! And welcome to another Realestate.com.kh property review. On this week’s show, we’re live at Apennines Condominium showroom in Phnom Penh with Ms. Vatey, sales manager at the Apennines Condominium project.See the full listing and inquire today!Tell us about the location of Apennines Condominium:Apennines is a modern condominium strategically located in one of the fastest-appreciating districts of Phnom Penh city - Toul Kork. More specifically, the location of our project is at house 40, Street 604, Sangkat Boeung Kak 2, Khan Toul Kork, Phnom Penh - just right behind Pannasastra University Toul Kork Branch. Apennines condominium is located just 10 minutes drive from Phnom Penh International Airport, and is also surrounded by schools, restaurants, supermarkets, sports clubs, coffee shops and entertainment centers.Tell us more about the developer:Apennines condominium is developed by KHSI INVESTMENT PTE LTD, an award winning architecture & engineering company with a wealth of experience in both Malaysia & Singapore. KHSI is uniquely committed to optimizing best standards and creating modern and quality lifestyle living through innovative and creative means.What sort of features does this condo have?Standing a total of 17 storeys tall, 1, 2 & 3 bedroom condos are available in a variety of sizes. All units’ interior has been uniquely designed by Singaporean experts, and fully equipped with high quality fittings. Shared condo facilities include a swimming pool, pool deck, gym; and the unique perfect car parking system, a car parking elevator.What does KHSI offer to buyers?Home loan is available through RHB and Phillip Bank.Freehold ownership titles, for locals and foreigners. Full security (CCTV, security guard 24/7).Great common facilities such as swimming pool, fitness center, gardening and minibar.Full property management and maintenance of the building (interior and exterior). An enticing GRR package of 6% annually.The first Car elevator parking system ever to be used in Cambodia, which is efficient, secure and convenient - and maximising space. How does Apennines Condominium stand out above the rest of the condos coming online in the market?Our architectural design (interior and exterior) is from award winning architect, EDP Architect Malaysia. Our engineering structure has been designed by LSW Consulting Engineer Singapore. The structure of the building includes reinforced Concrete walls and transferred floor technology, a feature unique to other projects currently in Cambodia.And our project is located in a residential area that is a hotspot for potential investment returns.  What types of Units are available?Type A: 89.72m2; Type B: 132.62m2; Type C:  67.74m2; Type D: 110.22m2 - with prices starting from $150,000.If you want to find out more, come and take a full showroom tour with Ms. Vatey today in Toul Kork; and while you are there, check out the construction progress of the project, located just down the street!See the full listing and inquire today!

As with established markets all over the world, the Cambodian real estate market right now is an outcome of an evolutionary process that involved many things. And much of what it will become is part of that evolutionary process.This is what the Chairman of the American Chamber of Commerce in Cambodia (AMCHAM) and the International Business Chamber (IBC), Mr. Bretton Sciaroni, believes.In an exclusive interview with Realestate.com.kh, Sciaroni discussed the many factors that have played into shaping the laws, policies and environment of the Cambodian real estate sphere as we now know it.Cambodian Real Estate in the Past:As one of the first foreign lawyers in the country, Sciaroni has had vast experience in business dealings and law in the Kingdom. In fact, he negotiated the first foreign investment deal in 1993 for a $60 million brewery venture.Sciaroni recalls that it wasn’t always smooth sailing for the real estate market. He says that after Pol Pot was kicked out, the communist constitution made it difficult for the citizens to go back to their former land because all the land title documents had been destroyed. But around 1988 or 1989, a proper land titling system was put into place.Another key event that shaped how Cambodia real estate transactions are made nowadays was the National Elections in 2008. According to Sciaroni, it was normal for activity in the real estate market to slow down months to a year before elections. However, the international financial crisis added another layer of issues that the government needed to address. Sciaroni adds that at this time it was a “superheated real estate market environment.”Cambodian Real Estate Now:The country has since recovered from those tough times.When asked about why he stayed despite having to go through those hurdles, Sciaronii says that “the growth rates have been unbelievable.” A contributing factor to this is that the government is now very open to foreign investment and the citizens are more confident in the electoral process.As evidence of this growth, new developments like the Exchange Square building and the prestigious Shangri La are already underway.Sciaroni notes though, “So much needs to be done and so much can be done”.He says that the current challenges that Cambodia faces are only stepping stones to a more dynamic future for the Cambodian real estate industry, and the society as a whole.Cambodia’s Bright Future:The past has proven to be the perfect testing ground for Cambodia’s potential.And with many changes, such as having His Excellency Chea Sophara take over as the new minister for the Ministry of Land Management, Urban Planning and Construction, it can only get better, says Sciaroni.Now we have an improved communication system where industry professionals and the government can have an open dialogue. Sciaroni believes that the past is not bound to repeat itself in these new times with new approaches.But he adds that there are still many more things that need to be set in their proper place. He says, “So, what we need to do: we need to encourage the government to continue to work towards getting the laws and policies in place. We really need these laws and policies in place to help the growth continue.”Cambodia is one of the new lands of milk and honey. It’s a land of opportunity, but it definitely will not come without a little bit of work.Learn more about investing in Cambodia today!

Realestate.com.kh was extremely proud to welcome over 500 VIP guests to the official launch party of the first “Cambodia Real Estate" Magazine on 8/5/2016 Friday 6-9pm, D22 Bar/Tama Hotel, 22nd Floor, Phnom Penh Tower, Phnom Penh.Realestate.com.kh welcomed His Excellency Khieu Kanharith, The Minister of Information, as our Guest of Honor on Friday night.Realestate.com.kh thank everyone that supported us in making the Cambodia Real Estate magazine, and the evening’s party sponsors: Kilat Events, Bose, Voolim, Sino Plaza and The Piano Shop. A lot of people may be surprised by Realestate.com.kh’s decision to publish a magazine, considering Realestate.com.kh operate a real estate portal website and beileve strongly that ‘online’ and ‘digital’ marketing is the future of real estate marketing - which we still believe it is…Realestate.com.kh know how important it is to market real estate online in Cambodia and overseas, to attract foreign investors, and online/digital is the most effective and the CHEAPEST way to do so…But we also understand that our clients want to attract the local market and expats living in Cambodia.And even though Realestate.com.kh is experiencing rapid growth in internet penetration, there are still local buyers and renters that are primarily print-focused consumers. And if we can provide more value to our clients by creating a print publication/magazine we will - and now we have.And Realestate.com.kh prides ourselves on playing our part in educating the Cambodian real estate market, and the magazine is another way we can achieve and communicate this. On the magazine itself, firstly we are extremely proud especially of our team at Realestate.com.kh. And extremely proud that we have printed over 10,000 copies and have already distributed it to over 500 venues across Phnom Penh, Siem Reap and Sihanoukville. Realestate.com.kh will print 20,000 copies for our next issue and even more in future. We will print 4 issues every year, and the next issue will release in October 2016. Realestate.com.kh want to take this opportunity to thank everyone who has supported Realestate.com.kh in the last 12 months. Within the last 12 months, Realestate.com.kh has grown to 38,000 listings, over 400 active agents and over 100,000 users per month. This usership is generating 1000’s of inquiries from serious buyers inside and outside of Cambodia every month. Realestate.com.kh also want to officially announce the launch of two great products that we have set up here tonight: 1) “Realestate.com.kh 360 Degree Intreractive Tours” and 2) “Realestate.com.kh Walkthrough Videos.”Realestate.com.kh 360 Degree Interactive ToursThe first product is the “Realestate.com.kh 360 Degree Interactive Tours” - which are primarily designed for new developments, boreys or high-end existing properties. 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 office in Singapore or in the lounge room of your best customer. “Realestate.com.kh 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). Pricing for this products starts at just $500 per video and the experience is amazingly lifelike. We encourage you to try this product soon.Realestate.com.kh Video Walkthrough ToursOur second product, the “Realestate.com.kh Video Walkthrough Tours”, are specially designed to make your property listings jump out and grab potential buyers or renters attention with a cinema like walkthrough tour, whether on your own real estate website or on Realestate.com.kh. This product makes old-style photo listings look very out-dated. With a 30 - 60 second cinema-style video, the customer can instantly get a true sense of the benefits and size of the property. We have used the latest technology to quickly, easily and cheaply create a stunning tour of any property in just a few minutes. Realestate.com.kh can create these tours anywhere in Phnom Penh within 48 hours, and the cost per “Walk Through Tour” is just $13! We believe this product is unbelievable value.Finally, Realestate.com.kh would like to thank you all for coming and for your support over the last 12 months. We are currently planning our second magazine due to come out in October 2016 and we hope you all advertise in it again. We will see you all at the next Realestate.com.kh party!   For more info on our products, services and upcoming events - please get in touch today!

The perception of foreign nationals towards Cambodia often seems to have grown old like the ruins of Angkor. In fact, there is more to the country than temples...There is an understanding among some international investors and businesses that the country is still underdeveloped and poorly regulated. This is a myth Dr. Simon Vancliff, Investment & Development Director of ING Holdings, the developer behind ING City, has debunked during the recent inaugural Cambodia Property Show organized by the leading real estate portals of Singapore and Cambodia, PropertyGuru and Realestate.com.kh.Vancliff explains that this is far from the truth. In fact, there are large economic zones and developments coming to Cambodia, and this is increasing every year. In fact, just this year, Coca-Cola has decided to invest $100 million into the Phnom Penh Special Economic Zone in order for them to be able to build a plant and expand their distribution inside the country and region, as according to the Phnom Penh Post last April.Large business entities have also established ties with the country such as Akira, Toyota, Samsung, ICBC, BMW and Suzuki, just to name a few. These companies, Vancliff says, recognize not only the inexpensive labor they are able to harness, but also the political stability of the land and its foreign-investment-friendly environment.He also enumerates other reasons why investing in Cambodia is ideal. Other than political stability, Cambodia has an advantageous location in the region, favorable investment climate, largely dollarized economy, increasing trade integration, improving transport and connectivity, lower costs in telecoms and internet, untapped natural resources and land, underpenetrated and growing domestic consumer markets, an unleveraged financial position, stock exchange and a flexible financial market. Furthermore, since the population is in the bracket of the working-age population, the demographics are also well suited for investment.Vancliff mentions that the Cambodian stock exchange will have around ten to twelve more companies joining soon and will continue to grow. He further strengthens his case by stating that Cambodia is now truly the “Pearl of Asia”, having a more centralized Governance system, and is raking in huge investments for infrastructural upgrades. As an evidence of this, more and more airlines are creating direct flights to Cambodia every year.One of the Kingdom's traditional weaknesses for investors - electricity costs - are also predicted to go down as more and more clean and solar energy plants are on the way to creating better solutions for energy consumption and supply.This will be especially true in Cambodia property areas like South Phnom Penh, says Vancliff, where the population is less dense and have more centralized amenities, such as water. Vancliff adds that there are also plans to install underground fiber optics and phone lines. New roads are also coming thick and fast, such as Hun Sen Boulevard, that will open in mid-2016. This will allow easier transport and access to resources that are once unavailable in the area.As the Cambodia property market and infrastructures grow, Vancliff hopes that the worldview towards Cambodia encompass more than just about the Angkor temples. While its grand history has been preserved, Cambodia continues to push towards global economic competitiveness.Want to find out more about Cambodia? Check out news and updates on Realestate.com.kh now!

Everyone needs a warm environment where they can live with their loved ones. So before you decide to buy a residential property, carefully consider a few things first such as its atmosphere, it's construction quality, and its potential for future investment. These are just some of the things that shouldn't be overlooked in the buying process. The Borey Villa Toul Sangke development project has gained popularity mainly due to its success in selling its past projects. It is strategically located in the Russey Keo district in Phnom Penh, Cambodia. They offer residential units such as landed homes and condominiums.The Borey Villa Toul Sangke project includes a variety of villas and condominiums that come in different sizes that you can choose from. Each and every home has been designed by construction professionals with quality and beauty in mind. Attention to detail is obvious. Some of the villas that are available are the Single Villa, Link House, Twins Villa, and Flat houses. Families will  also have the flexiblity to choose the City Sangkeo villa type too, as they see fit.Check out full listing on realestate.com.kh"We think about the quality and the best standard of living for families. The Borey has been completed. For all projects, the Borey is almost sold out. The condo project started construction and is at around 20 percent completion. And an estimated 30  percent had already been booked. We also have a special offer for customers which is a 10 percent discount for owners who have paid off their residential condominiums. At the meantime, the developer also provides ultimate offer that only require customers to pay $ 660 in per month with no interest and no deposit. The Borey Villa Toul Sangke condo project concept is focused on helping locals change their standard of living and pursing a more modern life. It also aims to make you feel comfortable. This residential property is exactly that. It brings a high standard of living, which is fully furnished like a 5-star hotel." This is according to Mr. Andy Kong , the general manager of the Borey Villa Sangke company. Ky Kosal, an employee of a private company, says, "After I saw the showroom of the different projects from Borey Villa Toul sangke and researched about it, I think that this is a good projects because the investment location is just near the new Aeon Mall and because it also has a great future investment potentials."Living in the Borey Villa Toul Sangke project offers a more modern, stylish, and luxurious way of living for you the people you live with, whether it's your friends or your family. The Borey Villa Toul Sangke project also has an extremely competitively-priced condominium development located in Russey Keo. It is situated in the business district, which is really close to the main road, government institutions, shopping malls, riverside, sports clubs, banks, hospitals, schools, and entertainment. More importantly, it's also very near the toul Sangke market.The Borey Villa Toul Sangke project consists of around 174 residential units with various designs, all of which were made with the vision of providing spacious, and comfortable homes for individuals and for families. There are also a range of amenities which include swimming pools, a sauna, a gym, a small market, and a golfing club. So, families are sure they will never run out of things to do and places to go to. Check out full listing on realestate.com.kh

It is easy to talk about the many ongoing and successfully completed projects in Cambodia right now because there is an abundance of them. But what is rarely talked about are the factors that contribute to the increasing opportunities in the country for both local citizens and foreign nationals that will support the sustainable development of the real estate industry as a whole, and create a strong secondary resale and rentals market into the future. Two of those factors are the country’s gross national income and the income status of its citizens. The growth of these two factors has a significant influence on the growth of the real estate industry.These two factors have been a recurring indicator in research and reports lately, such as the World Bank’s statement that Cambodia has now moved to a lower-middle income status, contributing to a gross national income per capita higher than $1,026 per year. The World Bank classes lower-middle-income countries as those with average yearly incomes between $1,026 and $4,035. Cambodia has just entered this bracket. The Implications of Higher Income Status:There is great trust placed by investors on a country with a growing economy. And part of that growth in trust will always include lower unemployment rates and a higher income status for the entire country. This ultimately leads to a higher sustainable GDP, which is also good for businesses. But what does this specifically mean for the real estate market? Simply put, this means that people inside the country are now able to afford a wider range of properties that have been previously hard to purchase due to low incomes. Local buyers are also more like to be applicable for home loans and finance for their next property purchase. So, for investors, your potential rental returns and resales prices are strengthened. In fact, land prices in Phnom Penh alone increased by 15 percent in the year 2013. And has only continued to rise since then.Also, with higher amounts of income tax being collected, the government will have more scope for policies to assist in the country’s progress, such as infrastructure and affordable housing projects.Income in Emerging Markets:Emerging markets like Cambodia are one of the best places to invest in because the GNI and GDP are just beginning to rise. This means that there is much more progress to be made and much more opportunities yet to come for those who commit to the market early. Placing your money in a country with a promising future will potentially give you much higher returns than you are likely to get in more developed economies. Yes - emerging markets do come with higher risk, but in countries like Cambodia, the political stability is a standout case in the region, and so it the economic growth rates. This helps to give investors the assurance they need to put money down. For investors, now is the time to seriously consider Cambodia as a destination for a property investment with the potential to sky rocket returns. If you wait too long, the opportunity may be lost. Learn more about the charm of Cambodia for property investors.

Sino Plaza held a press conference at their showroom in Phnom Penh Friday last week, July 29, 2016, to announce their official launch for bookings.Sino Plaza’s 4 towers will rise to a height of 45-storeys each, located in the south of Phnom Penh city near Beoung Trabek Plaza, Sangkat Beoung Trabek, Phnom Penh.The project started construction in early 2015, and now all foundations are complete, with around $15 million already invested into the construction work. The total project of Sino Plaza is worth more than $200 million and will be entirely finished, ready for occupancy, in 2018.This project is a venture of Cambodian Natural Lucky Real Estate Development Co. Ltd, wholly owned by CYTS (China Youth Travel Services) from Hong Kong and China.According to Oknha Cheng Kheng, executive chairman of CPL, exclusive sales partner of Sino Plaza in partnership with Huttons CPL, "Sino Plaza is actually one of the most sustainable developments in Phnom Penh now. The number of units provides economies of scale for maintaining a development with the most-extensive onsite facilities. The Office Tower will ensure that commute time to work is minimized. Meanwhile, the completeness of the retail mall is unique: with International SPA, Gold Center, Supermarket, International  KTV and restaurants serving cuisine from around the world.”“Considering the convenience, completeness and the high potential appreciation from rental yield and capital, Sino Plaza will be the most desirable development for at least the next five years or more."Oknha Kheng continues to say that, “This is the first ever development in Cambodia that the developer is adopting the foreign method of CSR (Corporate Social Responsibility), allocating a certain percentage of units at a very special price for the Local Cambodians only. Encouraging the locals to strive for a better lifestyle at an achievable budget is a very clever approach. This is the developer’s way of giving back to Cambodian society. The whole tower is actually priced slightly lower than market rate to ensure the affordability for Cambodian with end-user financing and the development ultimately will not be a ghost-town.”Chhoeung Sotheara, head of sales for the project Sino Plaza at CPL, said that "this area is a matured neighborhood with amenities and conveniences nearby, surrounded by embassies and government departments. Yet it is only five minutes away from BKK1 where most international schools and eateries are located. The potential for capital appreciation is very high here."Contact today to find out more.

In a recent BBC report, Cambodia's condo sector is in the world spotlight.  "Cambodia's capital Phnom Penh is on the rise. Glass, steel and concrete mega-structures are beginning to dominate the city's skyline," says BBC's Nick Wood, "But as the capital grows, there are concerns that many of Phnom Penh's residents will be squeezed out by the frenzy of construction projects." The report includes Victor Huot, Marketing Manager at Urbanland Asia, the developer behind Embassy Central and Embassy Residences. Foreign Direct Investment is now at an all time high in the Kingdom, putting the Cambodian condo construction industry on a similar playing field to its larger, more-developed ASEAN neighbors. However, the BBC speculate that current development is not suitable for most local buyers, given the average costs of most large scale condo projects currently underway in Cambodia. Learn more about the Cambodian investment climate today on Realestate.com.kh's extensive location profiles and investor resources.

Sun Fair Market is set to be the first flea market in Cambodia, with a huge range of consumer goods and materials, kitchen and office equipment, antiques, artifacts and all sorts of other bits and pieces for sale.Sun Fair Market will be launched in early August, this year, and will be open to the public from 8am to 12 noon inside Olympic Stadium, Sangkat Olympic. According an interview with CTN, Mr. Kem Oeun, founder and director of the Cambodia Japan Cooperation Center and the President of the Association of Trade and Investment Cambodia – Japan, said that “Sun Fair Market will be full of used and secondhand goods. By sharing and selling these home goods these can then be reused. It is a common thing in other countries, but it is the first ever in the Kingdom.”Kem continues, “The location for our sales are very good, inside Olympic stadium, and the selling will start from 8 am to 12 pm every Sunday. We hope each market day will bring big crowds to Olympic stadium.”He added that, “this is the Japanese culture concept called ‘Mottaina’ - passing on things which we no longer use or do not need to others who need them, and saving the environmental damage of just throwing the used things away.”Ms. So Chanleakhena, fresh-graduate from Korea and currently working in private company in Phnom Penh, “Yes, I’m extremely excited about this project. For one thing, Sun Fair Flea Market is a way to get rid of things I am not using in a really useful way, either financially or emotionally - and by emotionally I mean, giving them to people in need. My house and room will undoubtedly become more spacious and tidy.”“‘Kill two birds with one stone’ is a suitable expression for this, I guess. Also, this can be seen as a chance for Khmer people to start socializing, understanding and helping each other. I’m pretty sure that the project could evoke our beautiful and priceless ‘culture of helping’, which we used to possess.”Sun Sinett, designer and private company staff in Phnom Penh, agreed with this concept: “When you buy from the fair flea market you’re not helping the big business to get richer and bigger.”“Instead,” continued Sun, “You’re helping your community and saving the world’s resources by recycling! It could be a gathering that you can enjoy networking with neighbors and friends.”According to the Facebook page of Sun Fair market, the profits derived from operations will be distributed to Olympic stadium, 25%, Foundation Leng, 25%, 5% to the Kantha Bopha Hospital and 5% for the Sunrise Japanese Hospital. The remaining 40% will be given to operating personnel.

The Kingdom of Cambodia uses the Cambodian Riel as its primary currency and, unofficially, the U.S. dollar as its secondary.But this may soon change as the tourism ministry urges businesses to facilitate and allow the use of the Chinese Yuan for transactions as part of their “China Ready” plan. This encouragement comes not long after the news that around 2 million tourists from China will make their way annually to Cambodia by 2020.Having close diplomatic and historic relations with the country, Chinese citizens and tourists feel as if they’re right at home when they visit Cambodia because many Khmer people also know how to speak the Chinese language. But this move addresses more concerns than just goodwill between the two countries. Owners from various businesses have a fear of financial losses as a result of fake currencies and the fluctuating exchange rates, according to a recent Cambodia Daily report.Renaud Fichet, co-owner of the Abacus Garden Restaurant and Bar, says that “as long as they come to the place,” he’s fine with trying accepting the Yuan currency. Others aren’t as forgiving of the idea. Penh, says Khemmara Niza, Manager of the Sentosa Silk Shop in Phnom that this may just cause an issue of redundancy. Already seeing trouble with determining fake U.S. money, she says that accepting the Yuan currency may produce the same issue because local staff will not be able to determine its authenticity. She adds, “We don’t really know about Yuan money.”Anthony Galliano, ceo of Cambodian Investment Management, said that, “The government’s “China Ready” initiative makes sense as it addresses the fact that Chinese tourism is the fastest growing and likely to be the number one tourist inflow market for Cambodia.” Yet, Galliano disagrees with the recent encouragement from the ministry: “While encouraging the hospitality industry to accept the Yuan as payment simplifies financial transactions for Chinese tourists, it unfortunately complicates them and heightens risks for the recipient of the Chinese currency. In addition to assuming exchange rates risk, being able to properly identify counterfeit notes, and having to agree rates with generally financially shrewd visitors, the Yuan is not a freely convertible currency and is unlikely to be so in the near future.”Concerns of exchange rates which may lead to losses have also been brought up as a possible result of this.An unnamed local bank manager noted that, “maybe we should be encouraging local merchants to use point of service (POS) digital devices instead - that way, we don’t need to use cash at all of any currency – that would be a better solution to attracting more tourists.”For now though, accepting Yuan is still just an encouragement from the Government. Businesses are still free to choose whether or not they will take a risk or take the plunge and embrace this suggestion.

July 28, 2016 - Phnom Penh, Cambodia Officials have announced that they will be introducing a new category of visa for foreign retirees in Cambodia which will be called “Category ER Visa”. According to the director of the General Department of Immigration, Major General Veasna, this ER Visa entails a minor change in requirements where foreign retirees will have to present documentation from their home country that will prove their financial stability and capacity to live overseas during the duration of their stay. It’s important to note that expatriate retirees already on the “Class E” or business visa will not be required to change their visa type or apply for a new one, but they will be given an option too. Retirees currently residing in Cambodia appear to have no objections to it as well. One retiree, 49-year-old Bruce from Queensland, Australia, currently residing near Wat Phnom, says that this ER Visa is a welcome change, however “most expats staying here will not switch to a retiree Visa unless they have no choice but to do so.” This is probably because business visas have been beneficial because of the lack of enforcement. Many retirees on a business visa have been able to stay for longer periods through a visa renewal every year without actually being employed or owning any business entity in Cambodia.Read more about Retirement Visa in Cambodia here with our comprehensive guideClick Here

The Province of Preah Sihanouk (aka Sihanoukville) is one of the three major economic poles in Cambodia. Sihanoukville is recognized for its numerous valuable resources, including offshore oil reserves, and its strong economic development in the commercial, industrial and agricultural sectors. It is also showing huge potential as a coastal tourism destination: According to Chhit Sengnguon, vice governor of Sihanouk province, there were over 1.3 million tourists who visited Sihanoukville during 2016’s first five months, an increase of around 16 percent compared to 2015. Read full article: “Sihanoukville Property Development Rising Alongside Tourism Boom” According to a recent BayonTV report, in the presentation of the new investment project to the provincial government on 25th July, Mr. Christoph Forsinetti, CEO of KC JSM Services Ltd. said that, “Having seen the potential tourism market in Sihanoukville, the international investment company, KC JSM Services Ltd, has decided to invest in a multi-development project resort along the beach of SES SAR (known in english as White Horse Beach), nearby the Sihanoukville Autonomous Port. And the project will start construction in October of this year.” According to IBC Cambodia, KC JSM Services is a property development company focusing on property development at all stages, from concept design and master planning to property management. Since 2012, the company has worked closely with the Royal Government of Cambodia in relation to policy for the development of the coastal areas of Cambodia, in accordance with the “Industrial Development Policy 2015 – 2025”. “This multi-development project is located in village 3, sangkat 3, of Sihanoukville City; and the new development will occupy almost 60,000 square meters of land area, with a total investment cost of around 119 million dollars,” Forsinetti confirmed. He stated that his company has spent 4 years accessing the environment impact and other potential problems of the planned project before confirming their investment in Sihanoukville, and has provided suitable solutions for all circumstances moving forward. In total, the development will require approximately 2 years to complete all necessary infrastructure. KC JSM Services will offer not only tourism services, says Forsinetti, but also employment opportunities for around 3000 local workers, paying a minimum salary of $200 per month. In regards to this new investment in Sihanoukville, Mr. Van Chanthorn, the CEO TownCity Real Estate, said that there are many big projects underway in Sihanoukville currently, such as the Camhomes project, D’Seaview, and maybe a new airport project underway soon. “This ongoing investment in Sihanoukville will naturally bring more people to live there,” says Chanthorn, “and the price of real estate will also increase in the coming years.” He added that, “This new project, white horse resort, is a very good investment in Sihanoukville because it will bring multiple benefits; One benefit is a direct advantage and another is an indirect advantage.” He explains that this new tourism venture will provide direct benefits to the people of Sihanoukville province in terms of employment and income opportunities. Meanwhile, its will benefit the province indirectly, as the flow-on-effect shall be more investment in Sihanoukville as the tourism industry continues to increase. Chanthorn says, “More visitors are coming to visit Sihanoukville to stay at resorts like this, and these visitors may also consider investment in Sihanoukville real estate in the future.” But Mr. Den Sakal, CEO of Universal Real Estate, a realtor based in the province, stated that this is a very high-end project, and hence it will not benefit the local people because of the very high price of admission. “The purpose of this project is for high-class families and foreigners only,” says Sakal. “The announcements of projects like this focus on the positive benefits of investment in Sihanoukville and dreamy ideals; but the reality in Sihanoukville does not equate to these grand proclamations. Some major development projects in Sihanoukville have become ghost town’s already, and there is a risk that others will too.”   Sakal added that, “in 2015 there was huge investment in Sihanoukville in terms of condo projects, villas and hotels. And at this time, there was still a large demand in the market. However, while investment continues in 2016, many projects now remain empty because of an oversupply in the market after the 2015 boom, and now there is low demand amid buyers.” Despite his pessimism regarding demand for very high-end projects such as the White Horse Beach development, Den mentions that the demand in the real estate market in Sihanoukville does seem to be picking up again generally in the second half of 2016. Images sourced from: www.thekingstrip.com Learn more about Sihanoukville as a real estate destination, and other great insights in our comprehensive investor guides NOW!

There are many locations in Cambodia that are fairly attractive for both expats and locals. And one of the most attractive areas people are eyeing these days is Toul Kork, especially since land prices in BKK have skyrocketed in recent years.In an exclusive interview with Realestate.com.kh, CEO of Key Real Estate, chief adviser of the CVEA and vice-chair of Eurocham’s Real Estate & Construction Committee, Alex Evengroen answers questions about why Toul Kork is becoming an increasingly popular area and why it deserves all the attention it’s getting right now, and more.Toul Kork Character:Toul Kork is a place that’s vibrant with life and its own unique spirit. And according to Evengroen, it’s also brimming with youthful energy which is a complement to the many activities you can do there - such as watching dance performances in the nearby Apsara Arts Association center, or “bicycling or walking around, or having barbecues outside without getting run over by trucks and cars.”This means that it’s also a safe place to live, just a few minutes away from the hustle and bustle of the big city. And much of the area is still owned and resided-in by locals, so Toul Kork does offer a mix of modern and traditional cultures.But it will soon also cater to more expats during its expansion process, with all types of international franchise brands entering the retail space, and a new generation of condos for sale under construction and more and more serviced apartments for rent coming online.Anthony Perkins, director of special projects, finance & investments at the Royal Group of Companies, says that, “If you have a family and are not particularly concerned about your travel distance to work, Toul Kork should definitely be considered as a prime place to find a home for rent or sale.”Investment Opportunity:Speaking of expansion, Toul Kork is also a growing area full of opportunities for investment and construction. Evengroen says that there are already ongoing projects and new developments that are expected to come into completion in the next few months to the next few years. This will make land and properties more attractive for investment, as these new projects will attract all kinds of new residents and retail options to the area.He continues to say that most of the ongoing construction projects in Toul Kork are for commercial properties. He also predicts that even with the large supply of shop houses, villas and condos being built right now, detached and semi-detached properties will become even more popular in Toul Kork.Evengroen adds that if you have the money and you can invest, it would be wise to invest now while land prices are competitive and the government is stable. In a few more years, you can resell the properties in Toul Kork and make significant profit.Traffic:One concern potential investors and buyers are particularly wary of in Phnom Penh generally is the traffic situation. Be careful to consider the current developments’ eventual effect on traffic.Evengroen brushes this off, however, and says that the traffic situation is already something that’s been anticipated in Khan Toul Kork. This is why wider roads have been built in Toul Kork, to proactively address the large volumes of vehicles that will occupy the streets once developments and construction in the area reaches its peak.Services & Accessibility:Another factor that makes Khan Toul Kork appealing is the convenience of being near international standard malls, shops, and service centers.Restaurants and fast food places like Burger King, Pizza Company and various cafe chains are everywhere these days. There are also nearby schools and hospitals for families, such as the Toul Kork Health Center and the Zaman International Primary School. It has everything you may ever need to survive and live a comfortable life in central Phnom Penh.There are many more things that make living in Toul Kork desirable. But words can only do so much. Evengroen suggests taking a ride around the area on a peaceful Saturday afternoon to see its beauty up close - and to grasp the fullness of the area’s life.Check out more insider tips and tricks on Realestate.com.khTV today!