There seems to be uncertainty in the air about property investments in Cambodia, despite the forward-looking data and overall sentiment from visiting investment groups which have been overwhelmingly positive. One of the legendary investment pioneers Warren Buffett's most famous quotes is “Be greedy when others are being fearful'' and eagle-eyed buyers have been snapping up Cambodian properties at good prices. This all depends on your strategy and goals but for some time we have suggested it is a cash-rich buyers' market in the Kingdom with market prices a better reflection of the value and new developments appropriately adjusting to the market and demands. Owning and Renting Property in Cambodia As A ForeignerCambodia introduced the Strata Title Law in 2010 and this enabled foreigners to own condos above the ground floor. The policy was aimed to attract foreign investment and stimulate economic growth- there are also no specific legal restrictions on foreigners renting apartments in Cambodia. Despite rates of urbanisation in the Kingdom among ASEAN nations remaining very strong, renting (or buying) an apartment is a relatively straightforward process, and it's easy for expatriates to easily find suitable options depending on their budget across Cambodia, particularly in the urban areas.Average asking prices for high-end condominiums in the capital were USD $2,609 per meter according to a CBRE Q1 2023 report. These have dropped off but property and condo investments are meant to be long-term holds and investors and buyers who hold on to their units will likely see future gains. The vision needs to be long-term and not panicked by ebbs and flows in any market.A recent report released by Realestate.com.kh highlights a substantial adjustment in the pricing of off-plan condominiums that occurred when contrasting 2019 prices with those in 2023. The report indicated the average price per square meter for off-plan condominiums in the capital has decreased from USD $2,800 to $2,000 / sq.m. We have addressed the market price corrections previously and this has led to off-plan condominium sales and robust sales rates for new condominium project launches in Phnom Penh, especially for well-developed new launches from developers who have established and proven track records.Buyers of property (both foreign and Cambodian) are better informed in their decision-making and there is more regular, and hopefully, reliable reporting on the markets. The current property market sees homeowners looking for quick sales - and the market still is advantageous for cashed-up buyers to secure purchases at favourable prices.According to the Semi-Annual Report 2023 from the National Bank of Cambodia (NBC), the total amount of loans released by banks in Cambodia increased to 11.9 per cent (USD $45.8 billion) in the first half of 2023. Housing loans increased 17.5 per cent (worth approximately USD $6.64 billion) compared to 2022 as the real estate sector grows in 2023. The NBC report indicated that housing loans by banks was the sector with the second fastest growth.While the sale of twin and single villa residential projects has declined, the Residential Property Price Index (RPPI) showed that the prices have not remarkably changed in 2023.Finally, the report added that the sales of condominiums in Cambodia have positively increased 12.9 per cent in the first half of 2023 compared to the same period in 2022 - while the number of construction projects has fallen approximately 10 per cent from 2,000 to 1,800.There were still ten completed condo projects and 3 new launches in the first half of 2023 in Phnom Penh which saw 1600+ condo units enter the market with 8,000 expected in total by the end of the year.Realestate.com.kh CEO Tom O’Sullivan said recently there was a spate of ‘revenge spending’  post-pandemic as some buyers thought it would be the last time to buy property at affordable prices before it bounced back stronger but this hasn't necessarily been the case in 2023 - also due to global economic headwinds. O’Sullivan said that the prices have stabilised in the Cambodian property sector to be more realistic and re-iterated that new developments that have launched in 2023 have offered lower and more realistic margins and are coming online at a great price.“Whether it's on our platform or those expressing an interest (with healthy down-payments or cashed-up investors) buyers are ready to take up the opportunities in the Cambodian property market,” added the CEO.Investor Groups Remain OptimisticThe global market conditions, the unease of how China has recovered in 2023, and the increased interest rates have all been headwinds for the local sector but these should be short-term.The recently released survey on EU business sentiments in the region is very favourable, while there have been on-the-ground investor visits from Singapore, Thailand, and China in 2023 who have been impressed by the scope of general business opportunities.The EU-ASEAN Business Council views ASEAN as offering the best economic opportunities over the next five years and some of the regional positives are all reflected in the appeal of Cambodia; macroeconomic conditions, the policy and regulatory environment, and the development of bilateral and plurilateral free trade agreements in the region. The investor sentiment was reflected in the fact that European businesses expressed a positive outlook on looking to expand their operations in ASEAN.The Cambodia Consumer Report 2023 (produced by Standard Insights and Cambodian-based consulting firm Confluences) provided an overall positive outlook towards economic growth too among Cambodian consumers - 91.83% are hopeful about their future.Why Cambodia Remains Investment Friendly There have also been a glut of investment reports released on Cambodia in 2023 and the same recurring themes remain the same and the same attractions ring true for the years to come.Realestate.com.kh Why Cambodia Guide, the DFAT Handbook on Investing in Cambodia, a collaborative endeavour between Cambodia and Australia, as well as the Profitence Cambodia Country Profile all sing to the same tune, Cambodia offers numerous advantages to investors:Solid economic growthStrategic geographical locationFavourable investment climate for foreignersGrowing infrastructure developmentSupportive legal framework and social and political stability.The country has been one of the fastest-growing economies in the region and GDP for 2023-2025 remains very strong even among frontier markets and especially in Asia. Cambodia has managed to successfully attract foreign direct investment, and the economic reforms are favourable to foreign investors while also optimistic for significant economic growth. The Cambodian market is actually very open to foreign investment, with 100 per cent foreign-owned investment permitted in almost every sector and foreign ownership of property in some cases also allowed, the expanded Trust laws are opening this up even further.Finally, there has been an alignment with international investment frameworks and a real attempt by the National Assembly to work with investors From the Trust Law, Construction Law, Law on Public-Private Partnerships, Law on E-commerce, Law on Social Security Scheme, Law on Consumer Protection, Competition Law and the Law on Investment).Finally, buyers and investors want stability. The scheduled swearing-in of the new Cambodian government reshuffle expected on August 22, 2023, should offer this continuity and stability as the nation will be led by a younger and foreign-attuned cabinet who are keen to implement and build on the progress made by the Kingdom over recent decades.

Realestate.com.kh is bringing back its massively popular Home & Lifestyle EXPO 2023. The event which is just one month away will be happening on the weekend of August 12 & 13, at Koh Pich Exhibition Centre.The Home & Lifestyle EXPO is part of Realestate.com.kh's annual events, offering attendees the opportunity to secure the best deals within the Cambodian market and also have the chance to engage with industry-leading banks, insurance providers, and real estate experts. The biggest names in property development across Cambodia will be on display including Borey Peng Huoth, OCIC, Orkide Development, Prince Real Estate Group, Morgan Group, RoseMarvel Property Development, Borey Dragon Land 598, Borey Bosba, Rose Apple Square, Odom, Bakong Village, Borey Chankiri, Leedon Heights, Le Condé BKK1, Creed Cambodia and many more. International developers and real estate companies will also be exhibiting at the event presenting opportunities to investors in Cyprus, Canada and the USA.Click here to register for express entry or inquire about being an exhibitor Win Big At The Home & Lifestyle EXPO 2023Apart from securing the best deals in real estate and other mid to high-end items, attendees will go into the draw to win some of the best prizes, including watches from Watch Empire, fine jewellery and more. During the two-day event, property developers and exhibitors will be providing exclusive incentives, freebies and more discounts and exclusive prizes to attendees and buyers attending the show. When, Where and What Time? The Home & Lifestyle EXPO 2023 will be held at the Koh Pich Exhibition Center. The EXPO 2023 will be held on August 12 & 13, Saturday and Sunday from 10:00 am until 8:00 pm both days. The Home & Lifestyle Expo 2023, Above and Beyond Properties & Services and Fun for the Whole FamilyLast year's expo proved to be an incredible gathering that attracted families and participants of all ages. Parents, children, and the elderly came together to spend a memorable day immersed in the world of real estate and lifestyle. “Last year’s event was our first since the pandemic, and was a huge success, beyond our and the exhibitors’ expectations. There are already 5,000 attendees registered to attend, and based on that we expect to break last year's record of 12,000 people.”“Ultimately, our goal is to give home buyers and investors an opportunity to get the best deals in real estate, cars and other items of the year. By adding attractions, kids' play areas, cars, an extensive food & beverage area and more it allows us to not only put on the biggest and best property expo but also to create an experience where people and families can have a great day out together. ” Mr. Tom O'Sullivan, CEO of Realestate.com.kh said.Click here to register for express entry or inquire about being an exhibitor A Series of Record-Breaking SuccessesThe most recent Real Estate EXPO held at the Premier Centre Sen Sok Phnom Penh in 2022 was a major success that broke the country’s biggest property sales event ever in Cambodia with a whopping more than $30 million in sales and attracted over 12,000 visitors. Cambodia’s Leading Boreys, Condos, Banks, Lifestyle & Corporate brands The who's who of Cambodia's property market and ancillary services are already onboard with more coming as the EXPO 2023 on August 12 & 13 draw closer.Major sponsors & key supporters include: IAAC Airport advertising, COGETEL (ONLINE), NHAM24, Legend Cinema, Wowee Advertising, Poma Media, Watch Empire, Provida Water, Cambodian Investment Management, B2B Cambodia, and Gold Zone Media.Exhibitors include: Borey Peng Huoth: The Eco Collection, The Star Polaris 23 Condominium, PH Grand Hall, Orkide Development: Orkide The Botanic City, Orkide The Pochentong, Orkide The Royal Condominium, Prince Real Estate Group: Prince Central Plaza, Prince Happiness Plaza, One Tropica, Morgan Group: Morgan Tower, Morgan EnMaison, Morgan Champs-Elysees, Overseas Cambodian Investment Corporation (OCIC), RoseMarvel Property Development: Mean Chey Residences, Urban Living Solutions: Rose Apple Square, Odom, Bakong Village, Urbanland: Borey Chankiri, Borey Dragon Land 598, MSQM ZTH: Leedon Heights, Le Condé BKK1, Residence H Sen Sok, Creed Cambodia, Borey Bosba, Chroy Changva Satellite City, Borey Heng Heang, Borey New Hope, Tourism City, Borey Mongkul, KH Land, ABA Bank, Canadia Bank, Shinhan Bank,  KB DAEHAN SPECIALIZED BANK, GAC Motor, ISUZU, Forthing, STMarket, ARISTO Developers, DeGrand Realty, Borey Mongkul, Upward Property, FazWaz Cambodia, Parc 21 Residence, eMedia Links, Simplex, Stronghold Trustee, Orkun Solutions, Hitachi Elevator, MOVE By LM CAR, DreamsTown and more.Media partners include: Khmer Times, B2B Cambodia, AmCham, Cambodia Investment Review, Property Area Asia, Gold Zone Media, The Cambodia China Times, Enjoy Cambodia, Business Cambodia, FreshNews, Koh Santepheap Daily, Kampuchea Thmey Daily, ThmeyThmey, CNC, BTV, PNN, Hang Meas, CTV, TVK, CTN, Jianhua daily.Click here to register for express entry or inquire about being an exhibitor The Home & Lifestyle EXPO is part of a series conceived by Realestate.com.kh’s founder Moek Chenda and the company’s CEO Thomas O’Sullivan with the vision of creating an event where buyers can secure some of the best deals in real estate. The event is completely free to attend, and apart from surveying the property market families can enjoy a great day out by visiting some of the attractions such as the latest in property technology, car test drive areas and kids entertainment zone.

In property acquisition, it is crucial to carefully assess the current market conditions to identify a favourable time for purchase. It is commonly known that property prices fluctuate based on the balance between supply and demand. While the Cambodian real estate market is currently displaying indications of oversupply, this situation may present advantages for certain buyers, considering the accompanying side effects it involves. In this article, we will explain why an oversupply of properties may have positive effects on potential buyers. Post-Covid Recovery Before the COVID-19 pandemic, the Cambodian real estate market witnessed a boom, resulting in the construction of residential and commercial units almost weekly. During this period, properties like villas and condos in Phnom Penh and Sihanoukville were in high demand and quickly sold out. This surge in sales can be partly attributed to the influx of Chinese investors and individuals looking to relocate to Cambodia. However, in the aftermath of the pandemic, there has been a decline in the number of Chinese nationals coming to Cambodia due to concerns about the safety of Southeast Asia and the real estate situation in mainland China. Consequently, several properties now on the market are available for acquisition.Tourism To Boost Real EstateAccording to a recent report from the Ministry of Tourism, several provinces in Cambodia experienced a significant number of visitors during the weekend of July 6 to July 9, 2023. Preah Sihanouk province drew approximately 61,380 individuals, while Battambang province welcomed 34,080 tourists. Phnom Penh received a total of 32,727 tourists, and Kampot province saw 28,137 visitors during the same period. Siem Reap province attracted 20,268 people, and Kandal province recorded 20,541 tourists. The recovery in the tourism industry after the COVID-19 pandemic is a positive sign that adds to the appeal of investing in property in CambodiaIn the first half of this year, Cambodia experienced a remarkable surge in international tourism, with 2.57 million visitors arriving in the country. This surge not only signifies a growing interest in travelling to Cambodia but also hints at a potential rise in future visits.As a result, it is crucial to acknowledge the increasing demand for commercial activities and accommodations to cater to these visitors. For those with financial means and a long-term investment goal, this offers a chance to enter the real estate market during a period of property availability.Oversupply Also Means a Wider Choice of PropertyThe oversupply of properties in Cambodia has had an impact on property prices, as developers are now driven to offer more affordable options to attract buyers. This situation has resulted in a reduction in property prices, creating an opportune moment for buyers to acquire properties with great prices. The increased affordability factor further enhances the attractiveness of investing in Cambodian real estate, particularly for those seeking long-term investments.Moreover, the oversupply of units in Cambodia has led to a wide array of choices for potential buyers. With numerous projects available on the market, individuals now have the opportunity to explore different options and select the unit that best suits their preferences, requirements, and budget. This abundance of choices empowers buyers to find a property that perfectly aligns with their specific needs, thereby enhancing their overall buying experience.Good Location For Good Investment When purchasing property, location is one of the most important factors to ensure its return on investment. Currently, Phnom Penh's central BKK area remains a highly desirable destination for visitors and expats seeking accommodation. This district, known for its urban development, offers many venues, restaurants, and attractions, appealing to tourists and residents. The area continuously improves, enhancing the overall experience for travellers and visitors alike. Currently, BKK, Chamkarmon, and their surrounding areas are the top choices for local buyers and investors, due to the ongoing success of developments delivering on capital appreciation and rental returns, even in a down market. Major developers to build residential and commercial projects. For example, Global Titan Stone Real Estate Development recently unveiled Picasso 2 in BKK, and ULS marked the beginning of construction for ODOM.As the current market is experiencing an oversupply of properties, it is important to note that research and look for reputable developers and seek advice from professional real estate agents and advisors.Cambodia's open economy makes it an appealing destination for individuals seeking to explore or invest in the kingdom. As visitors and investors keep coming, the oversupply of properties presents an opportunity for investors, and will gradually diminish, as the market leads to a more balanced market where supply and demand are more closely aligned. Therefore, those considering buying property in Cambodia should keep in mind that the current oversupply is likely to be a phase, and the long-term prospects for the real estate market remain promising. If you're a newcomer to property investment in Cambodia or eager to make an informed decision, reach out to our real estate specialist today for a consultation on the Cambodian property market. At Realestate.com.kh, we offer current insights and help customers find their dream properties every day.Looking for a property in Phnom Penh today! Contact our real estate experts to explore the best options that suit your needs and budget via our concierge servicesFree Consultation Here

At the start of the year, we tried to share some insights into the key economic and infrastructure development projects in Cambodia which had and have a real chance of igniting the long-term economic growth as the nation puts the pandemic in its rearview mirror. We are now beyond the halfway point of 2023 so we have revisited these projects and their progress as well as identified newly announced projects in the first half of 2023.Cambodian Trade and Economic GrowthThe Asian Development Bank and National Bank of Cambodia (NBC) both now forecasts that Cambodia’s gross domestic product (GDP) will grow by 5.5 per cent in 2023, which could place the country among the top three performers in terms of GDP growth in Southeast Asia. Even the cynics are optimistic about stronger performances from 2023-2024 with 6.6 per cent GDP growth predicted by the Ministry of Economy and Finance.Coming into 2023 the hopes for economic trade growth were probably largely pinned on Regional Comprehensive Economic Partnership (RCEP). In the first four months of 2023, Cambodian exports to RCEP countries did rise by 16 per cent. The Cambodia-Korea Free Trade Agreement (CKFTA) also came into effect in December 2022 and the addition of new FTAs (Free Trade Agreements) and with the important signing of the comprehensive economic partnership agreement (CEPA) with UAE, Cambodia is planting the right seeds for the future.This has been buoyed by clearer government-led strategic plans on logistics and modernising all logistics routes (land, sea, and air) with investments both local and foreign to try and transform the Kingdom to be a competitive trade and logistics hub.Cambodia’s economy is still reliant on the export of garments, tourism, agriculture and real estate and construction.The Cambodia Securities Exchange (CSX) is growing albeit slowly but H.E. Hong Sok Hour (CEO of the Cambodia Securities Exchange) is confident and with their aims this year to list more firms, double daily trading volumes to $1 million and triple the number of registered trading accounts to 15,000, Hour said that the average trading account is expected to increase by the end of 2023.The global fears of recession and inflation (throw in the ongoing Ukraine conflict, the energy crisis in Europe, and what has to date been an underwhelming Chinese economic recovery) have all dampened growth but Cambodia remains well-placed to see one of the fastest GDP recoveries.Cambodian Airport Developments & Rebounding Tourism & FlightsThong Khon, Cambodian Minister of Tourism (MoT) expects the Kingdom to attract 4.5 million international tourists in 2023 and is hopeful that this figure will reach over seven million tourists by 2025-2026. The official figure for visiting international tourists for the first half of 2023 was 2.57 million, the MoT confirmed. This period does include the SEA Games & ASEAN Para Games which helped spike inbound tourism numbers, nevertheless, the Kingdom is still on track to reach the MoT expectations. These goals are also only possible by the renewal of affordable and frequent flights, and to date, more flights have been announced with several international airlines scheduling the return of routes in the second half of the year too. So far in 2023, approximately 910,000 foreign tourists visited Cambodia by air, 1.63 million by land, and 30,000 by waterways.Announced in 2022, the launch of Air Asia Cambodia operations is apparently still on track for the backend of 2023 while multiple new flight routes are under constant discussion with key destinations such as India, Japan, the Gulf and elsewhere.In terms of the progress of the multiple new Cambodia airports under development, this is the latest by July 2023:Techo Takhmao International Airport - Construction is underway and the first phase is targeted to be operational by March 2025.(New) Rail Link to new Phnom Penh Airport - The Minister of Public Works and Transport (MPWT) announced in July 2023 that they are exploring an underground light rail transit to connect the airport to the southern part of the capital.Angkor Siem Reap International Airport - Due to be operational before the end of the year, a provisional official inauguration date was set for October 2023. The airport was 98 per cent complete by the end of June 2023.Koh Rong International Ecotourism Airport - Announced at the start of 2023 there has been hardly any news since.Dara Sakor International Airport - Delayed in 2022 and delayed again in 2023, the latest news in June suggested the developers had not completed construction to meet standards of aviation safety, according to the State Secretariat of Civil Aviation.A Resurgent Sihanoukville?Coming into the year, there still seemed to be some scepticism about how the coastal Cambodian city could be rejuvenated and the plans were still in development for transforming the Preah Sihanouk province into a model multi-purpose special economic zone. This is intended to form a key cog of the roadmap to develop the area into as part of the National Industrial Development Policy 2015-2025.Although the exact roadmap is not crystal clear, projects such as the Bay of Lights by Canopy Sands Development (which was also showcased in the Middle East this year), and the announcement of plans to tackle the unfinished buildings were laid out in 2023 - but if successful, the project will take several years to complete.2023 Cambodian Infrastructure Projects SnapshotThe ongoing infrastructure investments from the Cambian government in addition to private-public investments are one of the main reasons there is an optimistic mood for the future.Koh Pich-Koh Norea bridge - Construction has reached 85 per cent and the bridge is expected to be completed in November 2023 (Updated in July 2023).Korea-Cambodia Friendship Bridge - Final assessments were completed in 2022 and the expectation was for the construction to start in the second half of 2023 but there has been no official update for many months.Phnom Penh-Bavet Expressway - Construction officially got underway on June 7th 2023 and the second groundbreaking freeway won't be completed until 2027.Phnom Penh-Siem Reap Expressway - A feasibility study is underway, due to be completed in 2023.Phnom Penh-Poipet Express Railway - Study completed to increase the speed to approximately 160 km per hour.Phnom Penh to Preah Sihanouk Railway - Study is underway to upgrade this line.Kampot International Tourism Port - Although reported as completed in 2022, by July 2023 there is still a need to deepen the port’s waterway before it can be operational.Kampot International Port & Logistics Centre - Construction got underway in 2022 and the port’s first phase operations are due in 2025.Funan Techo Canal - Rumoured at the start of 2023 and finally confirmed with its name, this is a game changer for interconnectivity or the transportation of goods and to decrease costs. Launched in 2023 and not due to be completed by 2027.Sihanoukville Autonomous Port (PAS) - Long delayed but the Japanese-financed Sihanoukville container terminal expansion got underway in May 2023.Koh Kong Province’s International Seaport - due to be launched in the second half of 2023.Real Estate in Cambodia OutlookThe year has been challenging but there are green shoots for the property and construction sector. There is a sentiment that buyers and interested investors are being spread across more countries, and we think diversification is great.In June 2023, the Ministry of Land Management, Urban Planning and Construction reported that Cambodia's construction sector attracted investment worth USD $2.27 billion in the first five months of 2023, a year-on-year increase of 138 per cent. The retail and commercial property sectors are under some pressure, as are condos due to the impressions of oversupply. However, the key investment traits of anticipated growth due to the country's young population and increasing urbanisation, and the positive view of Cambodia as an investment destination continue to provide optimism for the long-term.

The inauguration of the Sihanoukville Tourism Port is expected to have a positive impact on the tourism industry in the coastal city. The port, officially launched on 6th July, can accommodate up to 20 small and large tourist boats simultaneously. Covering an expansive area of approximately 22,000 square meters, the port has been granted investment rights to GTVC Import Export, which also provides daily shuttle ferries from Sihanoukville to various beaches in the area. This spacious facility offers tourists a convenient gateway to popular islands Koh Rong and Koh Rong Sanloem.The increase in tourism could potentially stimulate the real estate sector as developers seize opportunities to construct hotels, resorts, and other accommodation options to cater to the growing number of visitors. Furthermore, the rise in tourist arrivals is expected to drive the growth of commercial activities, including new cafes, restaurants, souvenir shops, and other retail establishments that cater to the expanding tourist market.A significant factor contributing to the anticipated growth in tourist numbers is the completion of the expressway to Sihanoukville in October 2022. The newly constructed expressway has considerably reduced travel time by half. Previously, visitors had to endure an approximate five to six hours journey, but now, with improved connectivity, tourists can reach the city faster and more conveniently. The expressway not only enhances accessibility for domestic and international travellers but also establishes a more efficient transportation infrastructure for the region.With improved connectivity provided by the expressway last year, Sihanoukville is poised to become a prominent tourist destination and transform into a tourism hub. The city's potential for growth is substantial, presenting an opportunity for investors and entrepreneurs to capitalise on the increasing demand.If you are interested to see properties in Sihanoukville, click belowClick Here

With the trend of multiple new shopping mall projects being launched across Phnom Penh as well as some developers targeting other cities such as Sihanoukville, there are increased options for retailers and shoppers in Cambodia.There does remain the genuine concern of oversupply in the retail space with so many malls entering the market and we have previously heard insights from local experts such as The Mall Company (TMC) on the need for diversification in the shopping experiences.For franchises and retailers, tenants have increased options and choices in lease terms and even condition negotiations as malls compete to attract tenants within a competitive market.Community Malls have been a popular retail class with many developers and other smaller affordable retail podiums and arcades are also popping up in new targeted development areas. The latest TMC report indicated:32 community malls currently contribute nearly 200,000 sq.m (Net Leasable Area) of modern retail space in Phnom Penh.More than 200,000 sqm (NLA) is also in the pipeline.We look at just some of the new retail and mall spaces that are due to open in Phnom Penh and one location in Sihanoukville - the jury will be out on whether the designer and developers fully appreciate retailtainment and the shopper's experience when these are all launched. Koh Norea ParkwayKoh Norea Parkway is a development from OCIC and essentially is a developed public space with retail units available along the river banks in Koh Norea, which OCIC are developing as part of a massive USD $2.5 billion project.The Koh Norea Parkway will see Chbar Ampov get a riverside boardwalk which should benefit the community and visitors as open public spaces remain a rarity in Phnom Penh. We also saw the Ground Market open in Koh Norea earlier in 2023. The OCIC retail project will include 20 outlets (which vary between 40/120/150 sqm) along the Mekong’s river bank which stretches for 4.2 kilometres. OCIC says the retail space is inspired by nature and will blend with the backdrop of the river and artist impressions indicate there will be greenspaces, water features, as well as picturesque photo opportunities.So what's in store for the shopper and diner? Among the potential outlets will be craft beer & seafood, barbeques, a bakery, drink and cafe outlets, souvenir stores and more with details to be confirmed. The retail shops and landscaping have been completed but they plan to open Koh Norea Parkway to coincide with the official opening of the $40 million bridge.The soon-to-be-completed bridge linking Koh Pich to Koh Norea is expected to be ready by December 2023 offering easier connectivity for those living in the area and for visitors.Due: Q4 2023Area: Chbar Ampov - Koh Norea Development, Phnom PenhSokha Plaza MallAnother new commercial retail mall, Sokha Plaza Mall, is situated in Daun Penh and close to the National Museum, The Cambodian Royal Palace, schools, hotels, and within walking distance to popular tourist attractions near the Phnom Penh riverside. Sokha Plaza Mall aims to offer a community space for families and friends and be a destination for meals, shopping, and entertainment through its 44 shop units covering a total of 2,000 sqm. There will be parking for 149 cars as well as 212 motorbikes.The area is immediately surrounded by a busy residential neighbourhood and offices near the mall in the heart of central Phnom Penh and opposite the iconic Wat Ounalom.In addition, the Sokha Group plans to move their businesses which include Sokha Real Estate and Sokimex to the Sokha Plaza which will further increase trade and foot traffic to retailers.The design of the mall includes a large open space (plaza) which can be used for hosting events.Due: Q3/4 2023Area: Daun Penh (intersection of Streets 13 and 154), Phnom PenhSakura Avenue Another OCIC project is located in Chroy Changvar - the small lifestyle & community food and beverage Sakura Mall forms part of their Chroy Changvar Satellite City project in the area to the northeast of the capital of Phnom Penh.The community mall covers 7,947 sqm (gross floor area) and there are car parking spaces for 150 vehicles as well as 200 motorbikes (motos).The retail space can accommodate just over 30 outlets and includes some popular and well-known franchises such as Starbucks, Park Cafe, Amazon, and Bonchon but the Sakura Avenue is currently only 50 per cent occupied.The mall’s design is inspired by the Sakura tree and the location was “established to bring together business people who are interested in providing food services together to national and international guests”, says OCIC.Chroy Changvar has become increasingly popular among both local residents and expatriates and the area boasts a range of amenities, including schools, hospitals, shopping centres, and recreational facilities.Due: Currently OpenArea: Chroy Changvar, Phnom PenhMean Chey Avenue Community MallMean Chey Avenue Community Mall is designed as a lifestyle destination and offers retail, leisure, and entertainment. Situated along the popular and competitive Samdech Techo Hun Sen Boulevard (60m Avenue) - it's currently one of the larger community malls in the area. The mall is around 70 per cent complete, according to the developers, but has confirmed Tube Coffee and Brown Cafe as lessees with more coming to occupy the nearly 13,000 sqm of retail space and 55 retail units available. Entertainment, food and beverage, a supermarket and other service and retail stores are being targeted. There are more than 1,000 parking spaces for cars and motos available at the community mall but there are also green spaces and a children's playground to cater for customers, families and visitors.Meanchey is seeing massive changes and is one of the fastest growing areas in the Cambodian capital - over the past year it has seen the opening of AEON Mean Chey (AEON 3) and the new Chip Mong 271 Mega Mall while other malls include the 60 Avenue Shopping Mall & Water Front Community Mall (under development).AEON Meanchey and Chip Mong 271 together supplied the market with 140,000 sqm NLA in 2022 which represented 57% of the total retail NLA supply!Due: Q4 2023Area: Samdech Techo Hun Sen Boulevard (60m Avenue)SIhanoukville - DRF-Mart New MallAlthough currently with no official name, a new mall was approved and announced by the Council for the Development of Cambodia (CDC) in June 2023 for DRF-Mart Fa Dao Jia Trading Co., Ltd. to develop a USD $14 million mall in Village 4, Sangkat 4, Sihanoukville. The project would create 227 job opportunities but little has been announced aside from the inclusion of DRF-MART supermarket and that the developers want the space to “provide world-class shopping experiences and meet the evolving needs of consumers in Sihanoukville and beyond.”We will have to watch this space for more information but currently there are surprisingly few shopping malls in the Cambodian coastal city which has undergone massive changes over the past decade.Due: TBCArea: SihanoukvilleThe previous TMC Retail Insights report suggested 9 modern retail centres are expected to be completed by 2024, with a further 72 Retail Centres by 2026, even with tourism numbers expected to rebound to pre-COVID levels by then (nearly doubling the current 4 million), it still represents a massive supply of retail space entering the Cambodian market. Now we will have to see if the uptake and demand is there from the consumer and retailers.

Global Titan Stone Real Estate Development recently unveiled Picasso 2 with the appearance of branded hoarding on the prime corner of Street 57 and Street 282, as well as on their Facebook page. Following the remarkable success of Picasso 1 City Garden in BKK 1, their first large condo development comprised 30 storeys, which achieved significant sales and was completely sold out within a few months of its launch. The success of Picasso (1) City Garden can be attributed to several factors. Firstly, the developer, Global Titan Stone Real Estate Development, is a well-experienced and reputable company known for delivering high-quality projects. Their commitment to completing Picasso City Garden during the pandemic contributed to the favourable reception and popularity of the project among buyers.Another key aspect that contributed to the success of Picasso (1) City Garden is its high return on investment. The project proved to be a lucrative asset for investors looking for profitable opportunities, with potential for capital appreciation and rental yield due to the high demand in the area. One-bedroom units with a size of 45 sqm start with a rental price ranging between $1,250 per month to $1,450 per month, offering an attractive 8% expected rental return. The combination of a well-constructed development in an ideal location increases the potential for a substantial return on investment, making Picasso City Garden an appealing choice for discerning buyers.(Picture credit: Picasso City Garden Facebook)As mentioned earlier, the location of the real estate development also played a significant role in its success. Picasso (1) City Garden is situated in the BKK1 district, in close proximity to other condominium projects, five-star hotels, shopping centres, and commercial and business hubs. Besides being a residential project, it also functions as an international business complex. The 27-floor building integrates various amenities and facilities, including the Picasso garden, banquet hall, landscape fountain, infinity pool, paddling pool, gymnasium, meeting room, international business office, wine lounge, Casa Picasso restaurant, Casa Picasso café, and Picasso art auction centre. The combination of all these features aims to provide residents and visitors with a unique and enhanced living experience.Picasso 2 is also located in the surrounding neighbourhood of BKK1 and remains a highly sought-after location by ex-pats, locals, and tourists visiting the Kingdom, as it offers convenient access to various amenities and business opportunities.With the success of Picasso (1) City Garden, Global Titan Stone Real Estate Development sets a promising foundation for Picasso 2, which is poised to become another landmark in the high-rise real estate landscape. Drawing from the developer's track record, buyers can anticipate top-class amenities, generous public spaces, and a high standard of property management.Curious to see Picasso City Garden listings? Click here to explore the available options and find your perfect living space in the heart of Phnom Penh.Click Here

Phnom Penh is drawing in an increasing number of domestic and international individuals to its capital city each year. With rapid urbanisation attracting more Cambodians to the city for education and job-related opportunities, it has been converting into a main economic and cultural hub. Phnom Penh has become a focal point for investors interested in the real estate market. Realestate.com.kh closely analysed its current rental market in Phnom Penh, based on the overall leasing in the first half of this year.The three most sought-after areas are BKK District, Tuol Kork District, and Chamkarmon.BKK District is still the ideal location for property seekers when looking for a rental.  Situated in the heart of the city, the district bustles with commercial activity, boasting a wide array of shops, restaurants, and entertainment venues that attract a diverse population of young individuals and foreigners.Tuol Kork District is a prestigious residential area located to the west and northwest of the centre of Phnom Penh. It is highly sought by families due to its proximity to educational institutions and retail areas. Tuol Kork is well known for its large number of villas and an increasingly growing number of boreys. Chamkarmon is a large district located to the south of central Phnom Penh. It is experiencing rapid development and offers modern residential and commercial facilities, making it an increasingly popular choice for renters. In particular, Tonle Bassac and Toul Tum Poung (known more commonly as Russian Market) are very popular with ex-pats, whereas Boeung Trabek and Phsar Doeum Thkov are still more Cambodian-centric. When it comes to housing options, apartments and villas dominate as the preferred choices for tenants. Here's a breakdown of the rental prices for most properties in the three major rental areas:Apartments:BKK District: Starting from $750 per month Tuol Kork District: Starting from $500 per monthChamkarmon: Starting from $500 per monthVilla: BKK District: Starting from $3500 per monthTuol Kork District: Starting from $2000 per monthChamkarmon: Starting from $2500 per monthDespite an oversupply in the real estate industry in Cambodia, there has been a notable upward trend in rental transaction volume on Realestate.com.kh. A comparison between the same period from January-June 2022 to January-June 2023 reveals a steady increase, indicating a positive trajectory in the first half of this year.In terms of rental demand, one-bedroom and two-bedroom units are the most common choices. One-bedroom units cater to the housing needs of single tenants or couples, while two-bedroom units are preferred by those with stronger financial capabilities, often utilising the additional room as a home office. Long-term leases, spanning six months or more, are favoured by the majority of tenants. Such arrangements provide a stable living environment and also cost savings and hassle-free relocation.Key Factors When Choosing A Property When tenants are choosing a rental property, they carefully consider multiple factors. The location of the property plays a vital role, with a preference for areas that offer convenient transportation options and a wide range of amenities. In addition, tenants place importance on the quality of facilities and interior design, often seeking modern furnished properties. The affordability of the rent also has a significant impact on their decision-making process, as they strive to find a suitable residence that fits within their budget.Moreover, the surrounding community and environment also influence tenants' choices. They seek out peaceful locations that are free from disruptive noise caused by neighbouring renovations. Other factors taken into account include pet-friendly policies, the availability of free parking, the standards of property management, the size of the property, internet speed, and proximity to schools. All of these considerations contribute to the final decisions made by tenants when selecting a rental property.As Cambodia sets its sights on becoming a high-middle-income country by 2030, it has the potential to attract tenants with more demands, therefore understanding their needs is essential for successfully leasing a property. If you are looking to visit a property in Phnom Penh, try our free concierge service Click Here

The Real Estate and Mortgage Regulator (NRPC) in Phnom Penh has recently made an announcement regarding several housing development projects. The NRPC has identified four Boreys operating without the necessary licenses, putting potential buyers and renters at risk. This article highlights the importance of verifying key aspects before engaging with developers and offers recommendations for protecting one's interests.The following Boreys have been identified by the NRPC as operating without licenses:Borey TV Star in Sangkat Prey Sor, Khan Dangkor, Phnom PenhBorey Try Kim Kour Srov in Sangkat Prek Kampus, Khan Dangkor, Phnom PenhConstruction of LV apartment in Sangkat Choam Chao, Khan Por Sen Chey, Phnom PenhBorey THE ROYAL GARDEN in Sangkat Kraing Thnong, Khan Sen Sok, Phnom PenhIn response to these unlicensed housing projects, the Real Estate and Mortgage Regulator has issued a warning to the public. Potential buyers, sellers, and renters are urged to exercise caution and be vigilant when dealing with these developments. Failure to obtain the necessary licenses raises concerns about the legality, quality, and overall security of the properties involved.To protect oneself from potential disputes and fraudulent activities, it is essential to conduct thorough investigations and verification before engaging with any developers. The following checklist outlines key aspects that should be confirmed prior to buying a property: Verify Ownership (a.k.a Title)Ensure that the property of interest is legally owned by the seller or developer. Request the official document, known as the title or deed, which confirms ownership, location, and rights associated with the property. To understand more about the property title read our extensive guide hereDevelopment Company RegistrationVerify that the development company has registered with the relevant ministries and obtained the necessary approvals before commencing construction. Request to see their company registration documents as proof of their legality.Master PlanA well-thought-out master plan is crucial for any new development project. Developers should present a detailed plan to the ministry, demonstrating the project's potential for success in the future.Construction LicenseCheck if the company responsible for construction has undergone a thorough background check by the Ministry of Land Management. Only registered construction companies are permitted to build units and infrastructure, and they should possess a valid construction license.Sales LicenseApart from the construction license, a sales license is equally crucial for property purchases. This license grants developers the legal authority to sell properties to prospective buyers. Ensure that the developers have obtained the necessary approvals to market and sell the property.Review AgreementsThoroughly review all contracts and agreements related to the property transaction, including the sales and purchase agreement (SPA), lease agreement, and any other legal documents. Understand all terms and conditions, payment schedules, transfer of ownership details, and any relevant clauses. If you are looking for reliable real estate agents in Cambodia, reach out through our concierge service for free Click Here

Kep Province, once known as a tranquil coastal retreat, is now experiencing a transformation with four major development projects that are reshaping its landscape and attracting visitors from far and wide. These projects promise to revitalise the province and establish it as another touristic destination in Cambodia. Rabbit Island New Port One of the significant projects that are set to change the face of Kep is the Rabbit Island New Port. Completed on 19th January 2022, this tourist pier replaces the old one at $1.2 million. Stretching 306 metres long and 68 metres wide, the new pier extends from the coast into the sea with a water depth ranging from 3 to 4.70 metres. It can accommodate boats carrying 200 to 300 tourists, opening up opportunities for more visitors from neighbouring countries to explore Kep Province. This development is expected to generate economic benefits and contribute to the growth of the local economy.New Landfill SiteIn a bid to address waste management and promote environmental sustainability, a new landfill site has been established in Kep. Officially inaugurated on the 30th of May 2023, this landfill project was made possible through the Asian Development Bank's Greater Mekong Subregion Tourism Infrastructure Development Project Phase II, with an approved budget of approximately $30 million. Spanning an area of 14 hectares, the landfill caters to the waste disposal needs of Kep City's residents as well as tourism-related establishments, including restaurants, hotels, guesthouses, and markets. This initiative will improve the overall cleanliness and hygiene of the area. New Beach Development ProjectTo provide an enhanced beach experience for visitors, a new beach development project has been undertaken. The original beach, which was only 350 metres long and often overcrowded, is being expanded into a 2700-metre public beach. Stretching from the Crab Market to the mangrove area, this beach project is part of the government's vision to transform Kep Province into a premier tourist resort. By focusing on the development of the city, beaches, islands, markets, ports, tourist areas, residential areas, and tourism-related services, Kep aims to attract travellers from all corners of the globe. The extended beachfront will offer ample space for relaxation, recreation, and enjoyment, elevating Kep's reputation as a sought-after coastal destination. To explore Kep and its surroundings further, click here to access our location profile of Kep.Kep Coastal Road In addition to these developments, the construction of the Kep coastal road is set to bring about a transformative change. This project, spanning a length of 12.75 kilometres, will connect the Rabbit Island Port to Angkol Beach. With a construction period of 22 months, the coastal road has received support in the form of a $10.5 million loan from the Asian Development Bank. In addition to the road infrastructure, the project includes the construction of sidewalks, bicycle lanes, and the planting of palm trees, creating an inviting and scenic route for travellers. Once completed, this coastal road will facilitate convenient access for both domestic and international tourists to various attractions within Kep Province. Moreover, it will play a crucial role in bolstering the province's tourism industry, enabling further growth. If you are looking to rent, buy or sell properties in Kep and its surroundings, reach out to us!Click Here

The Realestate.com.kh Home & Lifestyle EXPO 2023 returns to the capital from 12-13 of August 2023 at the Koh Pich Exhibition Centre. The two-day property, home & lifestyle show follows on from a hugely successful event in 2022 in which USD $30 million worth of property was sold!The EXPO has a reputation for attracting Cambodia’s leading experts and brands and will showcase the finest properties, developers, banks, and insurance providers in Cambodia. This year, more amazing exclusive deals and promotions will be on offer from the Kingdom’s leading borey and condo developers, while other essential and sought-after services will be exhibited with show-exclusives for your home needs!In terms of attendees, the Home & Lifestyle EXPO 2023 is a popular calendar event and draws middle-class and affluent Cambodians, expatriates and foreign property investors, as well as guest VIP surprises who are on the hunt for the best boreys, condos, villas, and land in Cambodia.“Last year was our first event post-COVID and attracted over 12,000 people and 100+ exhibitors. This year we have had to change venues to Koh Pich to accommodate more attendees and exhibitors,” said Tom O’Sullivan, CEO of Realestate.com.khWhat You Need To Know For The 2023 EXPORealestate.com.kh’s Home & Lifestyle EXPO 2023 is an all-encompassing event that deals with all things property as a focus but also has terrific coverage of lifestyle and home products, services and more.This year, renowned property developers who will be exhibiting include: Borey Peng Hout, Prince Real Estate Group, Morgan Group, Orkide Development, Le Conde, J-Tower 3, Dragon Land, Borey Bosba, Leedon Heights, KH Land, and many more. The Cambodian property market buying sentiment in early 2023 was still strong among investors and home buyers. In the 2023 Realestate.com.kh Cambodia Real Estate Survey:A third of respondents were looking to buy property in the next 18 months.Nearly 15% indicated they were looking to buy more immediately (within 6 months).Over 60 per cent felt property prices in Cambodia will increase over the next year, and a similar number felt property prices are currently affordable in the market.Homeseekers and investors will be able to purchase sought-after properties at the best deals ever available from the developers and agents.“Not only will the event include all the leading property developers, but also 100’s of the best resale properties under market value and other industry-related products and services” added Steff Khiem, Marketing Manager of Realestate.com.khLeading Home and Lifestyle BrandsCambodia’s leading banks and insurance companies will be exhibiting - so keep an eye out for special loan offers and essential coverage for your home and other property needs. There also promises to be massive deals on other lifestyle products, cars and much much more in 2023.The Cambodian property buying market is perceived as being better informed and knowledgeable in financial literacy and a majority appreciate they will require a mortgage in order to purchase property in Cambodia.The insurance industry has seen robust growth in the Kingdom, and the sector is increasing its digitised services while customers are looking at competitive packages and a broader range of products. “We will also have food & beverage on hand as well as a kid's play area for those coming with their families,” said Khiem.Where is the Realestate.com.kh Home & Lifestyle EXPO 2023 Taking Place?This massive venue on Koh Pich in Phnom Penh is well-known and offers ample wide open spaces, access roads and parking and easy access for ride-hailing services. There are also several popular venues nearby such as parks, swimming pools, and restaurants and the Koh Pich Exhibition Centre is ideally situated close to the AEON Mall Phnom Penh, a popular shopping mall in the city.The two days are perfectly suitable for the family too as there will be engaging activities, delicious food and beverages, and the chances to win surprise prizes.How To Attend the Cambodia Home & Lifestyle EXPO 2023For those interested in attending the biggest property, home and lifestyle show in Cambodia, pre-registration is open and you can sign-up now to gain express entry.You will also be the first to know about exclusive deals and promotions at the event and be updated on who will join the Real Estate Home & Lifestyle EXPO 2023.Limited Booths AvailableThere are a limited number of exhibition booths left. If you are looking to supercharge your sales and sell directly to local first-time buyers, property seekers and investors, you can register to sponsor or exhibit at the show before the last few spots sell out! “At the EXPO 2022 we sold more than 10 units at the event and many more as we followed up our leads post-event. We have been looking forward to the 2023 EXPO to help generate more sales and continue to get our brand out there in the market,” said Sothavatey (Vatey) Mom -  FazWaz Country Manager.

AirAsia has announced its plans to resume flights between Sihanoukville and Bangkok as well as Kuala Lumpur, starting from 1st August. The airline will operate three weekly return flights connecting Sihanoukville to Kuala Lumpur, followed by the resumption of two weekly return flights between Sihanoukville and Bangkok from 3rd August. This development comes as welcome news for both tourists and local investors, as it is expected to have a positive impact on tourism and motivate further development in the region.At present, Sihanoukville International Airport only operates two international flights, and the lack of regular air connectivity has hindered the growth potential of the coastal area and nearby islands, especially after COVID-19. However, with the resumption of AirAsia flights, the region is poised to witness a significant boost in tourism, attracting more visitors from both Bangkok and Kuala Lumpur. This increased accessibility will not only benefit tourists but also drive the local economy and encourage developers to invest in the untapped potential of the coastal region.The new flight schedule will cater to the travel needs of both business and leisure travellers. AirAsia will operate return flights between Sihanoukville and Kuala Lumpur every Wednesday, Friday, and Sunday, providing convenient options for travellers looking to explore the coastal destination or connect to other destinations via Kuala Lumpur. Return flights between Sihanoukville and Bangkok will operate every Tuesday and Saturday, offering seamless connectivity between the two cities.

When it comes to urban living, the terms "condo" and "apartment" are often used interchangeably. However, in the context of Cambodia, these two housing options have distinct differences. In this article, we will explore the variations between both shedding light on their unique features and helping you make an informed decision. Ownership StructureOne of the fundamental distinctions between condos and apartments lies in their ownership structure. In Cambodia, apartments are typically owned by a single entity, such as a corporation or an individual landlord. Renters occupy the units and pay monthly rent to the owner. This arrangement grants tenants flexibility, as they can easily terminate the lease agreement and move out with minimal hassle.On the other hand, condos in Cambodia follow a strata-titled ownership structure. This means that each individual unit within a condo building is privately owned. Condo owners have full control over their units and share ownership of the common areas, such as hallways, gyms, and swimming pools, with other condo owners in the same building. The management and maintenance of these shared spaces are typically governed by a condominium association or management committee, consisting of elected condo owners. Amenities and FacilitiesAnother aspect that sets condos apart from apartments in Cambodia is the availability of amenities and facilities. Condos often offer a wide range of luxurious features to attract buyers or tenants. These can include swimming pools, fitness centres, rooftop gardens, concierge services, parking facilities, and 24/7 security. The presence of such amenities contributes to a more upscale and exclusive living experience.While some apartments in Cambodia may also provide basic facilities like elevators or parking spaces, they generally lack the extensive range of amenities commonly found in condos.Apartments offer affordable housing options without added luxury or exclusivity. Price and AffordabilityConsidering the ownership structure, amenities, and overall ambience, it is no surprise that condos in Cambodia tend to be pricier than apartments. The added benefits and convenience associated with condo living contribute to their higher market value. Condos often target affluent individuals or those seeking a more lavish lifestyle. The prices of condos in popular neighbourhoods in Cambodia are generally found in the capital Phnom Penh. The prime locations are known as BKK, Koh Pich and Chamkarmon.On the other hand, apartments in Cambodia are generally more affordable. They cater to a wider range of budgets and are suitable for individuals or families looking for budget-friendly accommodation options. Apartments are often favoured by young professionals, expatriates, or students seeking a convenient living arrangement without breaking the bank. Legal ConsiderationsWhen it comes to legal considerations, the Cambodian government has specific regulations governing the sale and ownership of condos. In 2010, Cambodia introduced the Strata Title Law, which enabled foreigners to own condos above the ground floor. This policy aimed to attract foreign investment and stimulate economic growth. However, it is essential to familiarise yourself with the latest regulations and seek legal advice when purchasing a condo as a foreigner in Cambodia.In contrast, there are no specific legal restrictions on foreigners renting apartments in Cambodia. Renting an apartment is a relatively straightforward process, and expatriates or foreign workers can easily find suitable options depending on their budget.  While the terms "condo" and "apartment" are often used interchangeably, the few main points to summarise the distinctive features between both are:Condos offer a strata-titled ownership structure, a variety of amenities, and a higher price range.Apartments are usually found in buildings built before 2010 and are not eligible for strata titles. It is an affordable housing option with basic amenities such as parking spaces, or elevators if provided.Whether you are looking for an apartment or condo in Phnom Penh, we have more than 40,000 listings on our website! Click Here

The recent groundbreaking ceremony on 11th June 2023 marked the beginning of construction for ODOM, a mixed-use development in central Phnom Penh. Developed by Urban Living Solutions (ULS), Cambodia's leading community-focused real estate developer, ODOM aims to combine residential and commercial spaces in the heart of the capital city.  Strategic Location and AccessStrategically situated along Phnom Penh's main north-south Norodom Boulevard and adjacent to the capital's business district, ODOM provides unparalleled convenience. ODOM’s prime spot along Norodom is the most prestigious address in all of Phnom Penh. Surrounded by BKK1- Phnom Penh’s CBD, Koh Pich, and the riverside area, the development offers easy access to corporate businesses, government offices, embassies, NGOs, schools, and a vibrant dining and lifestyle scene. Its location ensures a dynamic and fulfilling urban lifestyle for residents and businesses alike.ODOM Tower: A Haven for Businesses(Photo Credit: Urban Living Solutions)The centrepiece of ODOM is the impressive 45-story ODOM Tower, which encompasses 40,000 square meters of Grade-A, strata-title office space. Designed to cater to the needs of investors seeking office spaces for rental or business owners desiring full control over their workspace customisation, the ODOM Towe is a prime choice. It offers modern amenities, state-of-the-art facilities, and a prestigious address for businesses.Residential Building: Luxury Living at its Finest(Photo Credit: Urban Living Solutions)Adjacent to the Odom Tower is ODOM Living, a 22-story residential building that houses spacious 1, 2, 3, and 4-bedroom residences. Each unit offers city views and floods of natural daylight through floor-to-ceiling windows. Residents will enjoy a host of amenities, including 24-hour security, access to a rooftop terrace, gym, pool, green spaces, and a sky bridge directly connected to the ODOM Tower.ULS's Reliability and Community Focus(Photo Credit: Urban Living Solutions)As a testament to ULS's commitment to community development, it is worth mentioning their past projects. One notable example is the successful completion of the Rose Apple Square, Urban Village (Phase 1) and Factory Phnom Penh.  ULS's dedication to creating spaces that foster a sense of community and well-being assures prospective residents and investors that ODOM will be a reliable development.

When it comes to buying a property in Cambodia, there are many options to consider, from apartments and shophouses to condos and boreys.Each has its own unique value, so it's important to weigh your options carefully before making a decision.In this article, we will explore the pros and cons of condo vs borey. What is a condo, and what is a borey?Condos and Boreys are popular choices in Cambodia, but what exactly are they?A condo is a type of property where you own the unit itself, but not the land it sits on.Borey, on the other hand, is a gated community consisting of multiple houses that are typically built on their own plots of land.So, which one is better for you? Let's take a closer look at some of the pros and cons of each. CondoPros:Amenities: One of the biggest advantages of a condo is that they often come with a range of amenities such as a gym, swimming pool, and communal areas. This means you have access to all of these facilities without having to maintain them yourself.Security:  A condo often has security measures in place such as gated entrances and 24-hour security personnel.Low Maintenance: With a condo, you don't have to worry about maintaining the exterior of the building, the common areas, or the landscaping. This is taken care of by the property management team.Condominium buildings are often built in areas close to groceries, parks, restaurants, and other amenities.Cons:Association Fees: While the amenities and maintenance may be convenient, you'll have to pay monthly association fees to cover the cost of these services.Limited Privacy: Living in a condo means that you're near your neighbours, so you may have to sacrifice some privacy.Restrictions: Condo owners often have to abide by certain rules and regulations set by the management team or homeowners' association.BoreyPros:More Privacy: With a borey, you have your own house and plot of land, which provides more privacy than a condo.Customisation: You have more freedom to customise your home in a borey, from the layout to the decor.Potential for Appreciation: As the land that a borey sits on appreciates, the value of your home may also increase.It typically has its own infrastructure and services including roads, water, electricity, and waste management.Cons:Maintenance: Unlike a condo, you're responsible for maintaining the exterior of your home and the surrounding landscaping.Limited Amenities: Borey typically does not come with the same range of amenities as a condo, so you may have to source these yourself.Borey in Cambodia is usually located in off-central locations.So, which option is better for you? Ask yourself the following questions:What is your lifestyle like?What is your budget?What are your long-term goals? Are you looking for convenience, low maintenance, and a range of amenities? If so, a condo may be the better choice for you.Do you value privacy, customisation, and the potential for appreciation? If yes, then a borey may be the way to go.In general, a borey is ideal for families, on the other hand, a condo may suit individuals or couples.You may visit realestate.com.kh, which collaborates with all the licensed developers operating in the market to find your desired condominiums and boreys in Cambodia. Click HereArticle by:

Cambodia is an increasingly popular destination for expats looking for a new adventure. Due to the comparatively low cost of living in Southeast Asia, it's no wonder that many people are choosing to make Cambodia their new home. However, when it comes to finding a place to live, expats are often faced with a common dilemma: should they rent or buy?  In this article, we will explore both options and provide some guidance on which may be the best choice for expats in Cambodia. Renting in Cambodia One of the most attractive aspects of renting a property in Cambodia is the low cost of living. Rents are generally much lower than in many Western countries, even in the capital city of Phnom Penh. This means that expats can enjoy a comfortable lifestyle without breaking the bank. Another advantage of renting is the flexibility it provides. Expats who are unsure about how long they will stay in Cambodia may prefer not to commit to buying a property. Renting also means that maintenance and repair costs are the responsibility of the landlord, which can be a huge advantage for those who are unfamiliar with the local market. However, renting can sometimes be a challenge in Cambodia. For example, rental properties can be difficult to find, particularly in popular areas. In addition, landlords may not always be reliable or trustworthy, which can lead to disputes over deposits or rent payments. Finally, renting means that expats are not building equity, and they may end up paying more in the long run than if they had bought a property. Buying in Cambodia Buying a property in Cambodia can be a good option for expats who plan to stay in the country for a longer period of time. This is because property prices in Cambodia have been steadily increasing over the past few years, meaning that expats who invest now could see a good return on their investment in the future. Another advantage of buying is that expats can customise their property to suit their needs and preferences. This can be particularly appealing to those who are looking for a more permanent home in Cambodia. Before buying property in Cambodia, it is important to understand the buying process through reliable information. The legal system, ownership and land title can be complex, especially for those who are not familiar with it. Discover everything you need to know about the purchasing journey in Cambodia by simply clicking here. Which Option Is The Best? Ultimately, whether to buy or rent in Cambodia depends on individual circumstances. For those who are unsure about how long they will stay in the country or who prefer not to take on the responsibilities of property ownership, renting may be the best option. On the other hand, ex-pats who are committed to staying in Cambodia and who want to build equity may prefer to buy a property. Regardless of the choice, it's important to ask yourself these questions: Do you have any debt? Are you financially stable? Do you aspire to have a family? Is your career stable? Are you looking for a home? By narrowing down your answers, you will have more clarity on your current situation. With the right approach, buying or renting a property in Cambodia can be rewarding depending on your needs. Whether you are looking to rent or buy property in Cambodia, get in touch with us today for free viewing Click Here   Article by:

One of the key dilemmas faced by potential buyers is whether to purchase a property with the intention of living in it or as an investment opportunity. In this article, we will delve into buying a property to live in versus investing in one providing insights to help readers make informed decisions based on their objectives.Property to Live InWhen it comes to purchasing property to live in, you might be looking for a place that suits your lifestyle and offers comfort. Property that is designed to cater to specific preferences, such as shophouses, borey, or condos, is commonly referred to as "lifestyle" properties.However, it is recommended that your next purchase has the potential to serve as both a primary residence and an investment property. The adaptability of the property to meet changing needs, its potential for generating rental income, and its potential for long-term appreciation are all important factors to consider.Property for InvestmentWhen it comes to investment property, it's essential to assess whether it has the potential to appreciate in value. Several factors, such as the property's location, growth potential, and overall condition, can contribute to value appreciation.A key feature is being located in an area with high demand or that's expected to experience growth in the near future. Moreover, having significant room for valuation growth can indicate that the property is a wise investment.Lastly, a property that's well-maintained and requires minimal repairs and upgrades can be put on the market quickly and attract higher resale values. By considering these distinctive features, investors can assess the potential value gain of a property and make informed investment decisions.A Few More Tips!Whether you're looking to buy a property to live in or invest in, these tips are universal advice for your next purchase; location, new development or resale, amenities, and downpayment needed. You might buy a property to live in first and then decide to sell it later. Regardless of your decision, it's crucial to consider the property's resale potential when purchasing.A successful transaction is a property that should have the ability to generate a significant difference between the purchase price and the sale price to ensure a valuable return on investment. Moreover, the property should be adaptable, providing flexibility for different types of demands and customers. Shophouses are a good example of a property where one can live and run a business in the same property.This approach can maximise the property's potential and increase its value. Therefore, buyers should consider these factors to ensure the property's long-term value and versatility. Are you looking for properties to live and invest in? We have both on our website. Find out more by clicking here Click Here Article by:

One location that deserves special consideration is Koh Pich, also known as Diamond Island, located in Phnom Penh, Cambodia. Koh Pich has emerged as a family-friendly environment with an abundance of amenities and a wide range of recreational activities. In this article, we will explore why Koh Pich might be the ideal place for family living.Family-Friendly Infrastructure:Koh Pich's urban planning focuses on creating a family-friendly environment. The island features wide sidewalks, well-maintained parks, and green spaces where families can relax and enjoy outdoor activities. Bike lanes and pedestrian-friendly paths encourage healthy living and allow for safe exploration. The presence of playgrounds and recreational facilities further adds to the island's appeal as an ideal place for families.Here are a few of our top favourites for family-friendly places: Coconut Park(Pictures supplied from Coconut Park Facebook Page)Opening hours: 9 am to 7 pm, Monday to SundayEntrance is freeA serene and beautiful park located on Koh PichOffers well-maintained pathways for leisurely strollsIdeal for picnics and family activities on the lush green lawnsRoller Skating Pet-FriendlyProvides playgrounds for children, restaurants, and weekly events such as Night MarketDIB CLUB(Pictures supplied from DIB Club Facebook Page)Opening hours: 9 am to 9 pm, Monday to SundayAccess is free all day with a minimum spend of 5 USD on ordersFeatures swimming pools for both adults and childrenOffers dining options, including a restaurant, bar, and lounging areasTreellion Park(Pictures supplied from Treelion's Facebook Page)Opening hours: 8 am to 10 pm, Monday to SundayEntrance is freeIncludes scenic walking trails and seating areas for a relaxed experienceCaters to visitors of all ages with various activities and attractions such as mini golf Education is a top priority for families, and Koh Pich provides access to high-quality educational institutions. The island is home to international schools that offer world-class education, following globally recognised curricula. Canadia International School and École Française International (EFI) are prestigious international schools located in Koh Pich, providing students from preschool to high school with modern facilities.Looking ahead, Koh Pich holds even greater potential for families. As the community continues to grow and develop, more facilities, services, and opportunities will become available, further enhancing the family-friendly atmosphere of the island.Are you interested in properties located in Koh Pich? Our team is ready to help you find your dream property. Reach out to us using our concierge service belowClick Here

The Realestate.com.kh Home & Lifestyle EXPO 2023 is coming this 12th and 13th of August 2023 (Saturday and Sunday), and it’s bringing exclusive deals and promotions from Cambodia’s leading borey and condo developers, banks, insurance, and many services for your home needs!A WORLD-CLASS VENUEThe Realestate.com.kh  Home & Lifestyle EXPO will be held at the Koh Pich Exhibition Center. This grand venue is well-known among Cambodians, expatriates, and foreign investors for its wide spaces, and access roads, and is directly adjacent to AEON Mall Phnom Penh, the popular shopping mall in Cambodia today.WHO WILL BE AT THIS YEAR’S EXPO?Anything and everything related to Cambodian property will be at Realestate.com.kh’s Home & Lifestyle EXPO 2023, including the most renowned property developers such as Prince Real Estate Group, Morgan Group, Orkide Development, Dragon Land, Borey Bosba, Leedon Heights, KH Land, and many more. But buying a property is usually more than just the property itself. And this is where the advantage of buying at the EXPO truly shines.Not only will buyers be able to secure some of the best deals ever from boreys, developers, and agents at the event, but the leading banks and insurance companies will also be exhibiting and running special loan offers and coverages for your home and other property needs. Buying and securing your property needs not to be a hassle when you can do it all at Realestate.com.kh’s Home & Lifestyle EXPO 2023! It promises to be a fantastic day out for the whole family, featuring an array of engaging activities complemented by a delightful selection of food and beverages by the provided sponsors.A LOOK BACK ON THE 2022 EXPO More than 12,000 attendees, over 100 of Cambodia’s biggest brands, developers, agencies, banks, and insurance companies recently gathered for the country’s biggest property show of the year. The Real Estate EXPO 2022 held at the Premier Centre Sen Sok was a success with over $30 Million dollars worth of property sold over the weekend. The EXPO has solidified itself as part of the industry’s calendar of events as middle-class and affluent Cambodians, as well as expatriates and foreign property investors, attend the EXPO successfully securing the best deals and opportunities in real estate.  Pre-registration is LIVE! Sign-up now to get express entry at the event and updates on who will be joining the Real Estate Home & Lifestyle EXPO 2023  this coming August 12th and 13th Register now!REGISTER NOW

Mean Chey Residences by RoseMarvel is a new modern contemporary luxury residential project situated in Phnom Penh’s highest potential area. This project is now officially open for sale to potential homebuyers who are seeking a unique perspective on luxury living in the Southern part of Phnom Penh City.The design of Mean Chey Residences focuses on a human-centered first design, where all of our types of home are carefully thought-out to fit the needs of our customers. Our types of home offer spacious living areas and an abundance of indoor and outdoor facilities that offer our customers a sense of luxury and comfort of living. Natural lighting and sufficient air flow are present throughout all of our house types. The Mean Chey Residences also has a over 0.6-hectare garden located in the center of the project, which is the largest garden of any residential or commercial project along 60M Road.Mean Chey Residences is an 20-hectare residential development situated along Samdach Techo Hun Sen Boulevard, commonly referred to as 60M road. The project is developed right next to the newly opened AEON Mean Chey Mall (AEON 3), which is less than one minute's walk apart.The project offers 4 types of Villa options and 2 types of Shophouse options. The Villa options available in Mean Chey Residences are King Villa, Queen Villa, Prince Villa, and Princess Villa while the Shophouse options are Standard Shophouse and Special Shophouse. Mean Chey Residences’ Shophouses are all facing toward AEON 3 Mall, perfect for commercial usage as well as convenience of living.For more information, please contact the number below078 / 086 / 090 72 77 88