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...

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!

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!

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!

NEED A VALUATION FOR YOUR HOME OR BUSINESS? Realestate.com.kh was extremely proud to sponsor and support the BritCham & IBC Luncheon and Panel Discussion on Property Valuation in Cambodia: “Addressing the Gaps.” The development of the Cambodian valuation industry is a core factor is creating a sustainable real estate market. BritCham and IBC in partnership with the Royal Institution of Chartered Surveyors (RICS) and the Cambodian Valuers and Estate Agents Association (CVEA) welcomed the Cambodian business community to a focused business luncheon on the topic of valuation of property in Cambodia: “Addressing the Current Gaps.” The event was held of Tuesday 19th April with a panel of experts sharing their perspectives, followed by an open discussion with the audience on the state-of-play of valuation in Cambodia. About the Panel Speakers:Salim Aslam, ASEAN Manager, Royal Institution of Chartered Surveyors (RICS):Salim is ASEAN Manager for the Royal Institution of Chartered Surveyors (RICS). RICS promotes and enforces the highest professional qualifications and standards in the development and management of land, real estate, construction and infrastructure. The organisation accredits 118,000 professionals and any individual or firm registered with RICS is subject to it’s quality assurance. The UK Government’s Foreign and Commonwealth Office and UK Trade and Investment commissioned RICS to produce a report on Building or Fire Safety standards in the construction sector the topic with a view to providing the Cambodian Government with assistance in developing building standards and ensuring better regulation. The Report’s findings and recommendations were presented to and welcomed by the Government last year. Ross Wheble, Country Manager, Knight Frank Cambodia:Country Manager for Knight Frank in Cambodia and oversees all areas of the operational business. Established in the UK in 1896, and now with more than 417 offices in 58 countries, Knight Frank is the world’s leading independent real estate consultancy. As one of the largest and highest profile valuation practices, Knight Frank’s team of professional experts provides a comprehensive range of valuation and market appraisal services across all sectors, valuing in excess of $1 Trillion’s worth of land and buildings in 2015 globally, including some of the world’s most expensive real estate. Holdings a Master’s Degree in Property Valuation & Law, Ross is a qualified Chartered Valuation Surveyor with the Royal Institution of Chartered Surveyors (RICS) and co-ordinates valuations throughout the Kingdom. Kim Heang, President, Cambodian Valuers and Estate Agents Association (CVEA):Kim Heang is a seasoned professional in the Real Estate industry, Business Development, plus a proven leader with the ability to leverage past experience and amazing creative knowledge towards the attainment of company goals. He has a background in both start-up and working with fast growth innovative companies and specialize in building a company’s capabilities to rapidly increase revenue, service levels and profits. Currently, Mr. Heang is the President of the Cambodian Valuers and Estate Agents Association (CVEA) and the founder/CEO of Khmer Real Estate Co., Ltd. BROUGHT TO YOU BY:SPONSORED BY:

Cooling measures and uncertainty in the Singaporean property market will see investors flock to the “Emerging Markets Property Show” at the Marriott hotel on the 8th – 9th October 2016. The show is a collaboration between Cambodia’s leading property portal website, Realestate.com.kh, and Asia’s leading property portal network, the PropertyGuru Group.Annual events such as the “Emerging Markets Property Show” held in Singapore this October are uniquely structured to open up new opportunities in overseas property demand for Cambodian based developers. At the show, prospective property investors will have the privilege of gaining first hand information from these developers themselves and a panel of expert speakers. The show provides an avenue to reach out to quality investors looking to purchase Cambodian properties – be it for short term rental yields, long term capital appreciation, or simply for retirement. And Singaporeans are increasingly targeting the Cambodian market for a variety of reasons. Property Cooling Measures by the SG Government of late, such as the Additional Buyer Stamp Duty (ABSD), meaning Singaporeans need to pay additional 7 percent tax for 2nd property and 10 percent on 3rd or more property; and the Total Debt Servicing Ratio (TDSR), which effectively limits the amount that Singapore financial institutions can lend out, capped at 60% of a person’s gross monthly income, are all policies that are pushing investors to look abroad. Despite these cooling measures, there remains a lot of capital liquidity and huge wealth in Singapore. Meanwhile, KHR depreciation against the SGD makes property investment in Cambodia especially attractive; and additionally, Cambodia offers an economy where their investment then remain in US$. The upcoming show in October comes after a highly successful “Cambodia Property Show” held in Singapore in last month. In reference to the previous show in May, Sam Yang, CEO of Eastland Development, a company with a host of Cambodian-based development projects, said that, “the attendance across both days at the Cambodia property show last weekend, on site sales and the 25+ Singaporeans now booked to travel and visit my development sites in Cambodia, is proof that Singaporean investors now identify Cambodia as a prosperous investment landscape.”A Singaporean investor at the previous 2 day expo mentioned that, “Cambodia presents an attractive proposition as an investor, and the returns are a lot more attractive than Singapore; but also neighboring countries – for example Thailand.” He went on to say, “the development infrastructure such as improved motor ways, SEZ’s, deep sea ports and a slated rail network will only add to investor confidence in the Cambodian real estate market moving forward.”The next show in October promises to build on this success!Date: 8th – 9th October 2016 Time: 11am – 7pm Venue: Singapore Mariott Tang Plaza Hotel (Strategically located above the Orchard Road MRT station) Want to take your development to the Singapore market? Contact Realestate.com.kh now while early bird specials still apply! Call us today on 012 286 711,  077 800 917, 017 436 756 or 096 966 9059

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.”

Cooling measures and uncertainty in the Singaporean property market saw investors flock to the inaugural "Cambodian Property Show" at the Marriott hotel in Singapore last weekend. The show was another collaboration between Cambodia's leading property portal website, Realestate.com.kh, and Asia's leading property portal network, the PropertyGuru Group.The opening address from His Excellency Mr Cheth Naren, Ambassador of the Royal Embassy of Cambodia,  highlighted, "Cambodia as a country not only rich in sublime heritage sites (such as Angkor Wat) but also a country rich in natural resources and a country focused on development and improving infrastructure."Two of the leading Cambodian developers, Silvertown Metropolitan and Eastland Development, led the charge by taking the initiative to showcase the Cambodian property sector and their own projects to the 250+ attendees over both Saturday and Sunday.Presenting to a packed room of potential investors wanting to understand the local Cambodian market, included the opening address from His Excellency Cheth Naren; as well as Sam Yang, CEO of Eastland Development (HK) Ltd; Ly Senleap, CEO of FUGI Investment; Alfred Chia, CEO of SingCapital Pte Ltd; Guillaume Massin, Managing Director & Partner of DFDL Cambodia; Vic Boyle, Sales Director of Realestate.com.kh; Simon Vancliff, Investment and development director, ING Holdings; Allen Prak, Legal Advisor, P&A Asia Law Office; and Tom O’Sullivan, Director and CEO of Realestate.com.kh.Sam Yang of Eastland Development said that, “the attendance across both days at the Cambodia property show last weekend, on site sales and the 25+ Singaporeans now booked to travel and visit my development sites in Cambodia, is proof that Singaporean investors now identify Cambodia as a prosperous investment landscape."In an interview with Winston Lee, ‎Regional Head of New Projects at PropertyGuru, and Tom O’Sullivan, Director and CEO of Realestate.com.kh, O’Sullivan noted that, “the collaboration between PropertyGuru and Realestate.com.kh has allowed us to bring local Cambodian projects to the international market, and we hope that the success in sales and interest from this first "Cambodia Property Show" in Singapore encourages more developers to participate in PropertyGuru regional property shows in the future - and more Singaporean investors to seriously consider the Cambodian property market.”A Singaporean investor at the 2 day expo mentioned that, “Cambodia presents an attractive proposition as an investor, and the returns are a lot more attractive than Singapore; but also neighboring countries - for example Thailand.” He went on to say, “the development infrastructure such as improved motor ways, SEZ’s, deep sea ports and a slated rail network will only add to investor confidence in the Cambodian real estate market moving forward.”Early bird discounts are still available for the "Emerging Markets Property Show" in Singapore on the 8th and 9th of October 2016. 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.

Phnom Penh is now home to 2.2 million residents, with an annual growth of 3.9 percent. With this fast growth of population, the central business districts of the capital, namely Chamkarmon, Daun Penh, Tuol Kouk, and Prampir Meakkakra (a.k.a "7 Makara" in uniform name), saw a slight decrease of population due to the fact that many residents relocated to the suburbs or outskirts of the city, even though the suburbs or outskirts saw a steady increase year over year. We are seeing an outward urban expansion of Phnom Penh. First, this outward urban expansion of Phnom Penh is occurring because central business districts have been surging in land and property prices and as a result owners might have enjoyed this opportunity and sold out for a considerably high price. Then, they use the money to buy property in the outskirts where land and houses are much lower, with leftover profited amount probably used to expand businesses or save for other things. Second, since property in the central business districts are most sought after, they can rent or lease to tenants who use it for business purposes. Then these property owners relocate to the outskirts and settle down there, enjoying their rents with a good price. According to the Cambodia Economic Census 2011, on average up to 55 percent of business establishments in the four mentioned districts had rented locations there for their business operations, higher than did in Dangkao district, the less-commercial area, only about 27 percent. Third, this urban expansion of Phnom Penh may be caused by traffic pressure and rat-race in the central business districts pushing some people to relocate to the suburbs, where they can enjoy more peaceful and calm environment. Even though people have been moving out to the suburbs, central business districts are not quiet. In fact, businesses of all types have been there, patronaged by, for example, expats and working local people during the day. That is the reason we've seen people commute in large numbers from the surburbs and outskirts in the morning and leave for home after work in the evening, causing traffic jams only at the so-called 'rush hours'. Lastly, landed borey housing developments scattered throughout many of the outskirts of the capital, with a large take-up rate on pre-completion and completion, proves that the city is sprawling and the population gather pace at the suburbs to ease traffic and enjoy new communities out there. By Mr Hoem Seiha, Director of Research | VTrust Appraisal Co., Ltd

Realestate.com.kh caught up with Dr. Sopon Pornchokchai, Ph.D., D.FIABCI, CRS, MRICS, President of AREA, Bangkok, Thailand, last time he visited the Kingdom, to get his view on the Cambodian property sphere. 1) What is your real estate experience in Thailand, and in Cambodia? Tell us about your career so far.I was involved in real estate since 1982 as a lecturer, planner, researcher and valuer - but I am not a broker nor a developer, so that I can stay academically and professionally neutral. I visited Cambodia in 2000 and have conducted surveys on housing estates in Phnom Penh since 2004. I have came back on many occasions to lecture for the Cambodian Ministry of Finance as well as the Cambodian Valuers and Estate Agents Association (CVEA) since 2010. 2) Why are you so interested in the Cambodian real estate sector? Why is this such an exciting market?Cambodia is a great country where there was once a big empire with a lot of historical heritage and culture to learn. In terms of real estate, Cambodia is one of the most booming countries in the region at this moment.3) What are the current issues in the Cambodian valuation industry?Since I came to teach valuation in Cambodia, I have observed that this profession has been developed very quickly.  This comes from the great efforts of the related government agency, namely, the Ministry of Finance, as well as the leaders of the industry, namely the presidents and board members of the CVEA who have helped establish the industry very strongly with the help of the many individual companies within it.  However, good and reasonable transaction data must be disclosed in order to have reliable sources of information for valuation, transaction and taxation purposes. 4) How can these issues be resolved into the future? In your opinion.The government must enforce the proper tax and land laws. Everyone must pay tax in accordance with their real transacted value. This tax must not be levied too highly though. It could be as low as 0.1 percent. However, in the case of annual property tax, the central government must allow local authorities to tax people themselves. Meanwhile, the budget which came from indirect taxes from the Central Government must be minimized. Then a good system of taxation and a sound property database can be established. 5) Why are valuation standards so important for a sustainable real estate market?Actually, valuation standards are the same everywhere in the world. It is rooted in economic concepts and there are only very slight differences in different standards worldwide. With that in mind, don't let those more advanced countries fool us into assuming that we are substandard. The matter should be more focussed on the indemnity insurance and proper control of the practices of the professionals in our country. 6) How is the Thailand real estate market different to Cambodia?Thailand and Cambodia were very similar some 60 years ago. Cambodia was even considered the “Paris of the East.” Due to civil wars, Cambodia stopped their development. However, today, Cambodia is learning from other neighbouring countries very quickly and will be developed at the same pace with others soon. In real estate, landed shophouses are still popular in Phnom Penh (35% of the stock); whereas, condominiums are the majority of developments in Bangkok (60%). Also, Thailand has a lot more commercial properties due to the fact that people have higher purchasing power.7) How is the Thailand real estate market the same as Cambodia?The similarities between the two countries is the lifestyle and the housing preferences. We are on the same path of development, albeit Thailand sits a bit in advance. In Thailand, we are now in a rather 'dark' age where politics and economy are both slow and problematic. Whereas, Cambodia has a better political atmosphere for the future. Yet, Phnom Penh's real estate markets may reach a peak and cool down somewhat in the near future.

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

The Asia Pacific region is the place to be in right now if prime office property and rental growth is what you’re searching for. This is what one of the leading global property consultancy firms, Knight Frank, suggests in their Asia Pacific Prime Office Rental Index 2016 report. According to the firm’s thorough research, the Asia Pacific region has seen a combination of significant progress and constant stability in the first quarter of 2016. This is despite some prominent cities experiencing troubles and slowly slipping down the index.   In the Multi-sector Snapshot Q1 2016 report of Cushman & Wakefield, it is stated that in Beijing, “new supply in core markets elevated the overall vacancy rate, while rents remained stable.” While that may be true, Knight Frank’s data provides insight as to a projected decrease in rental returns and rent prices for the rest of the year for the city. Knight Frank’s report continues to explain that “in the first quarter of 2016, robust leasing demand from domestic firms in the finance and technology sectors drove net absorption to outstrip new supply in Beijing, arresting the downward trend in rents.” Also among the cities that saw a downward rental trend are Jakarta, Perth and Kuala Lumpur; where an expected increase in supply has forced property owners to reduce rent prices, further decreasing rental returns for their properties. This, however, did not slow down or do significant damage to the Asia Pacific Prime Office Rental Index. As the average vacancy decreased by 0.2 percentage points, the index grew by 1 percent in the first quarter and accelerated from 0.2 percent in the previous quarter. The highest contributor to this growth is probably Tokyo which showed the highest 3-month percentage increase of 3.4 percent, followed by Seoul at 2.6 percent where both cities show a projected increase for the next 12 months. As Head of Research for Knight Frank Asia Pacific, Nicholas Holt, puts it, “despite our longer term forecasts suggesting we are nearer to the top of the rental cycle in many markets, the next 12 months will see further rental growth in the majority of markets tracked as tight supply and steady demand prevails.” This growth is expected to be seen across 14 out of 19 cities which include Melbourne, Sydney, Shanghai, Hong Kong, Bengaluru, Mumbai, Taipei and Bangkok. "In Southeast Asia, Phnom Penh saw rents remain stable even as a surge in demand drove down the vacancy rate by 10.0 percentage points. With landlords vying to secure tenants as Hongkong Land’s Exchange Square nears completion, this trend is expected to continue." Considering that there are still many factors like government policy changes that may affect this continuous growth, Knight Frank is confident that prime office rental will remain to have stability at the very least. Holt explains, “While the macro-economic story across the region remains uncertain, office markets have tended to see rents hold up fairly well over recent months.” Recent years have showcased both extremes in terms of economic growth and the property market. It’s had its fair share of ups and downs, but as it continues to rise, it will really be an interesting and exciting time for the Asia Pacific region as it learns to nurture and cultivate its potential through proper investments.SEE KNIGHT FRANK CAMBODIA'S PROPERTY NOW

In a statement published on its website last Thursday, the World Bank will resume lending to Cambodia, marking the first loans since the World Bank froze all new loans in 2011 surrounding controversy over the Boeung Kak Lake dispute.When the Bank announced the freeze in 2011, Country Director Annette Dixon stated: “Until an agreement is reached with the residents of Boeung Kak Lake, we do not expect to provide any new lending to Cambodia.”The bank’s board of directors have agreed to restart lending for four Cambodian infrastructural projects as of last Thursday’s release, "aimed to bring tangible benefits for Cambodians," said Ulrich Zachau, Country Director of the World Bank for Southeast Asia. In statements this week to realestate.com.kh, the World Bank Cambodia stated that “The World Bank Group prepared the Country Engagement Note (CEN) in partnership with Cambodia, and in close dialogue with Cambodia’s development partners...The CEN envisages financing for seven investment projects, totaling about $250 million, from the International Development Association, or IDA, the Bank’s fund for the poorest.” “Over the next year,” said the Bank, “our focus will be to engage closely with all relevant stakeholders to ensure adequate completion of the preparation of planned projects.”  As a build up to recent announcements of restarting loans, the World Bank Group (WBG) had conducted a series of consultations across Cambodia last year, from June 29 to July 13, inviting a range of stakeholders to exchange their opinions with the Bank regarding Cambodia’s development opportunities and potential issues in coming years.While the consultation process included 17 face-to-face meetings with 635 stakeholders, including national and sub-national government officials and representatives, parliamentarians, private sector and civil society representatives, development partners and UN agencies, according to a summary of the Bank’s website, the remaining evictees and community leaders of Boeung Kak were not involved in the process at any point. According to a host of NGO representatives, community leaders and past and present evictees of Boeung Kak Lake, such a new loan would undermine the World Bank director’s statements, the Inspection Panel Report 2011, and the 2014 Consolidated Appropriations Act - US regulation that calls for remedial action from the Bank regarding the Boeung Kak case, supported by the US Treasury, one of the Bank’s largest funding sources. Eang Vuthy, executive director for Equitable Cambodia, who has met with the Bank’s Washington office on several occasions, the latest in early 2015 with World Bank management staff, says the Bank has consistently cited the same excuse for inaction over the Boeung Kak issue: “Nothing can be done without Government cooperation.” In statements this week to realestate.com.kh, the World Bank Cambodia has said that, “Land issues remain an important development agenda for Cambodia. Fair and peaceful resolution of land conflict is critical to Cambodia’s sustained economic and social development. We welcome the substantial progress made to date in the provision of land titles in the Boeung Kak Lake area, where only a few remaining families remain in negotiations with the Municipality of Phnom Penh over size of land titles now.”

The rising Cambodia economic growth in recent years has indicate strong positive signs in its property market. With an estimated USD1.75 billion worth of construction investment, land prices in Phnom Penh most premium areas have risen up to a 100% with a slew of luxury residential projects. So it is the perfect time for an Exclusive Cambodian Property Show in Singapore!Investors can preview the latest projects while gaining insights from industry leaders and developers directly on how the Cambodia property market will fare in 2016 and beyond. Head down to the Cambodian Property Show in Singapore at the Singapore Marriott Tang Plaza Hotel 28 & 29 of May 2016 and listen to what the industry experts have to share and, to find out the most sought-after residential projects. Sign up for this event today and receive an exclusive set of vouchers worth more than S$500* at our registration counter and, stand a chance to win a staycation at Hollandse Country Club and dining vouchers at Singapore Marriott Tang Plaza Hotel worth more than S$1,000*! ARE YOU BASED IN SINGAPORE?Come and learn more about exciting Cambodian projects at the Marriott Tang Plaza Hotel, Singapore: MAY 28 & 29!