According to the recently released Century21 Cambodia Condominium Market Report H1 2016, the supply of condo units in Phnom Penh will reach approximately 37,570 units by 2020, with a compound annual growth rate (CAGR) of 56 percent for a period of 13 years. Yet, during the next five years to come (2016-2020), year on year growth in condominium unit supplies will plateau and move toward a downward trend, as the market stabilises with a CAGR of 33 percent.Check out more on the report...

PHNOM PENH, Cambodia – 6 July 2016: After a record-­breaking year in real estate and construction, the Cambodia Property Awards returns for a second year to reward the best developers, projects and designs in the Kingdom. According to the latest research by consultancy CBRE, the capital Phnom Penh’s condominium supply is projected to rise by a staggering 794 percent or 19,018 units within the next two years, supported by sustained gross domestic product growth, attractive returns and rapid urbanisation. In another fast ­growing segment, Cambodia’s retail market is set to get a substantial boost with new retail supply coming in from foreign investors hailing from ASEAN Economic Community and East Asia. Those impressive developments will be highlighted at the second annual Cambodia Property Awards 2017, the biggest and most exclusive awards programme in the country that forms part of the regional Asia Property Awards series organised by PropertyGuru, Asia’s leading online property group. The annual real estate event was formally launched to the media on 6 July 2016 at the Empress Room of Raffles Hotel Le Royal, be to followed by an evening launch party at the historic Chinese House on Preah Sisowath Quay in Phnom Penh. With much fanfare and media coverage, the inaugural ceremony that took place on 25 February 2016 at the prestigious Sofitel Phnom Penh Phokeethra was attended by more than 300 high ­profile guests and VIPs, including His Excellency Dr Pen Sophal, representative of His Excellency Senior Minister Im Chhun Lim, who gave the inspiring keynote address. Broadcast live on CTN’s Cambodia News Channel, the 2016 Gala Dinner saw Borey Penghouth Group collect five awards including Best Developer (Cambodia), while Mr Rithy Sear, chairman of WorldBridge Land, was named Real Estate Personality of the Year by the editors of Property Report, Asia’s leading luxury real estate, architecture and design magazine. Other big winners were The Olympia City Development Co Ltd and Urbanland Asia Investment Co Ltd. “Cambodia joins the other leading economies of ASEAN in hosting its own awards programme,” Terry Blackburn, founder and managing director of the Asia Property Awards, said. “It is a testament to the strength and quality of the local industry that we have so many fine developments join our launch year in 2016.” The 2017 event aims to surpass last year’s guest list and the total number of eligible entries for categories covering the condominium, housing/villa, office and serviced apartment segments. New categories to join the programme include Special Recognition in Sustainable Development and the expanded Best Hotel Development category for Phnom Penh, Sihanoukville, and Siem Reap. Nominations are already open and will close on 4 November. Entry is free.Sign Up NowAll entrants for the Cambodia Property Awards can be nominated by a third party, including peers, professionals and consumers, and, if eligible, are rigorously and fairly judged by an independent panel of industry experts, who conduct site visits to long­listed developments in order to determine the official shortlist of nominees comprising one Winner and up to four Highly Commended in each category. BDO, one of the world’s largest accounting and auditing firms, returns as the trusted awards supervisor of the Asia Property Awards, which, in its 12th year, is widely recognised for its fairness and transparency. The official list of nominees will be revealed in mid­January 2017, along with the announcement by the editors of Property Report of Cambodia’s Real Estate Personality of Year, whose influence and achievements resonate across the kingdom.

The real estate and property markets are highly competitive. This is why it can be extremely difficult to stay in the business and find a career beyond your initial success, especially if you’re a real estate sales agent.Longevity becomes the primary issue and agents are left asking themselves how they ended up not having inquiries when just yesterday they were doing fine.CEO of Key Real Estate, chief adviser of the CVEA and vice-chair of Eurocham’s Real Estate & Construction Committee, Mr. Alex Evengroen addresses this issue and explains that this may be because of a weak grasp on how professionals perceive real estate agents. In a sit down interview, he reveals a couple of tips that will take professionals in the industry from an agent status to real estate sales guru.CharacterOne of the fundamental characteristics of a successful real estate sales agent is not his educational attainment, but his character and the way he conducts business. Though being certified by an institution gives you an additional coat of credibility, being certified by the clients themselves from their own personal experience will give you an edge. This becomes an advantage when they start referring you to friends and family who are looking for the same services that you offer. People have a tendency to trust people they know and a personal certification from them will always outweigh a formal one in the long run.CoverageWhile good character is important, it should also go hand in hand with being knowledgeable in terms of the ins and outs of the industry. Knowing property types and location and showing that you know what you're talking about will assure your clients that they will get the best and the most practical deals from you. It’s also crucial to give the property investment experience a personal touch. So, even if you know what you’re talking about, Evengroen says that you should still ask your clients some questions to find out what they want. This not only allows you to provide them with more flexible options, this also gives you the opportunity to compile your own personal statistics on that client and develop your own portfolio.CommunicationEvengroen says that communication is one of the most important things that you can learn in the industry. This not only extends to communication principles and etiquette. This also includes working on your language skills. He emphasizes that you have to keep learning. Knowing an additional language will give you a competitive start and follow through you need for further growth. It also builds character and your ability to learn anything. It allows investors to feel a familiarity they may otherwise miss when they transact with other agents. Among the leading languages in Cambodia are Khmer, English and Chinese. The more languages you know, the more sales you can make.CommunityDeveloping relationships in the industry is one of the biggest contributors to the successes and failures of real estate sales agents and agencies all over the world. Without good networking skills, you lose the potential client base that will organically come through referrals. So, this means that you not only develop relationships with the clients. It also means that you should develop a deeper connection with colleagues, other agents and organizations. This is why Evengroen suggests all Cambodian agents should join the CVEA - which is a big group of real estate companies registered with The Ministry of Economics and Finance.Being part of a community like this gets you the chance to learn from like-minded individuals who are willing to support you and who are also seeking to improve the industry conditions itself. So, whether it’s CVEA or not, make sure that you become part of a group of credible people and harness the power of numbers!Consistency“You only get one chance” at making first impressions. This is the sentiment shared by Evengroen during the interview. He says that who you are the first time people meet you will last until they decide to part ways with you. So, you want them to feel the support you are willing to offer them. A bad impression can somehow be offset with consistent follow-ups though. And whether you’ve made a bad or good impression, follow-ups remain one of the best ways you can close the deal. Just be mindful of the frequency so that it won’t reach a point where clients are inconvenienced by it.ConfidenceBeing a personal and professional success coach, Alex Evengroen believes that agents should first and foremost believe in themselves. They have to dare to be different. He says that "if you copy other people, no problem. But then you're one of them and you're the same.” And while it’s important to mould ourselves in the image of a successful person, our differences will serve as our personal and even professional marketing tool. He states that we must make a conscious choice to be confident. "So, if I don't believe in myself, why should you believe in me?”He further emphasizes that confidence makes other people confident that you will support them when they need it. With that assurance and with the utilization of all these tips, Evergroen firmly believes that you’ll be able to last long and hit it big in the real estate market. So, continue improving yourself and be aware of the things you’re still able to work on. And since the industry is fast growing, agents and agencies should have no excuse to do anything else other than focus on growth.Learn more through the Realestate.com.kh news section now!

In 2007, Camko City and three projects of De Castle, along with a few other projects, started off-plan in the northern part of Phnom Penh, being introduced into the capital’s housing market for the first time, with 1,700 units launched for presales off-plan that year. And it was, indeed, a nascent market at the time but still interesting enough to attract local and especially foreign buyers who speculated for returns at the resale market.Now it is not a nascent market anymore. It has been around for almost 10 years, with lots of condos situated across the capital, especially in the central district of Chamkar Mon, or northeastern parts of Phnom Penh.Today, a newly-released Century 21 record says there are in total 110 condo projects with 148 individual buildings, both finished and ongoing, or 37,570 units slated through to 2020.Supply has shot up remarkably within these two years, while the market goes with a mix of tones – a today challenge and tomorrow blessing.  That is said, current excessive supply is not only a pressure on the ability of the market to absorb in the short term but also a possibility that the market will reach equilibrium where buyers enjoy in the medium to long run.For the market challenge, there two key factors to look at: sale-to-stock ratio and market absorption rate.First, according to the Century 21 report, during the first half of 2016 saw a dramatic presale launch, about 13,300 of new units, into the capital’s condominium market but only 13 percent of them sold, compared to 18 percent and 31 percent in the same period in 2015 and 2014, respectively. Second, absorption strength in the first six months of 2016 was 3.8 years, slower than the market absorption rate in 2015, which was 2.8 years."It’s nothing surprise because the supply early this year rose too high for the current demand to catch up, said Chrek Soknim, executive officer of Century 21 Mekong.A market slowdown has been mainly dragged down by a huge number of new units added to stock last year and during the first half of this year, offering a hard time for the demand to take up in the short term, reads the same report".Touch Samnang, president of OCIC, which is investing in condominium project Olympia City, acknowledged, telling the Post that condo sales early this year has plummeted due to too much supply, adding that before most developers focused on “foreign and upper class market, but today they have turned around towards the average crowd.”Too much reliance on international market, further, contributes to this market challenge, for local affordability and trend are not strong enough to bolster the market growth. In 2014, a Park Café’s consumer survey among Phnom Penh’s active professional population showed only 1 percent earned a threshold of US$2,001 to US$5,000 per month and 6 percent earned a threshold of US$1,001 to US$2,000 per month.According to a Vtrust’s housing market survey in 2015, about 54 percent of the respondents said they expected to buy homes at prices within a range of US$30,000 to US$70,000 per unit, while today only around 40 percent of condo units in stock are with prices lower than US$70,000. However, only 9 percent of the local expectant buyers said they would choose to buy condos.On the other hand, an excess of market supply today could also potentially be a blessing for the capital’s condominium market in the medium to long term, be it 3 to next 6 years.It is an advantage because when the supply is widely available in the market, it offers numerous opportunities for expats and foreign investors who come to work and live in the capital, since some condominiums offer mixed-use options along with amenities that ease their ways of life.Kuy Vat, chairman and chief executive officer of Century 21 Cambodia, supports the viewpoint, saying, “When business people or investors want to come for businesses in Cambodia, what if we don’t have sufficient housing supply along with amenities

Asia Property Report is in town again to start the buildup to the 2017 Cambodia Property Awards. Realestate.com.kh, as Official Property Portal Partner of the awards series, was on the scene at the Press conference in Phnom Penh this week to catch the news...Speaking at the conference was Terry Blackburn, Managing Director of Awards and Publications at PropertyGuru Pte Ltd and founder of Property Report. Also, Lim Seng Siew, partner at BDO, official judging supervisor to the awards series, spoke about the judging criteria for the night.Interested to find out more about the Cambodia Property Awards 2017? See the full details of the Cambodia Property Awards 2017 HERE and Sign Up today!

As the British pound is reduced to a 31-year low after Britain voted to exit EU, Asian investors are looking to scoop some UK property bargains, but the capital isn’t expected to directly land in Cambodia.  Nicholas Holt, head of research for Knight Frank Asia Pacific said, “

Realestate.com.kh caught up with Desmond Yap, general manager at Yong Yap Properties, to learn more about buying through a nominee structure effectively and understand the recent changes to the legal practice of Soft Title Ownership for Foreigners in Cambodia.Up until now the Ministry of Land Management, Urban Planning and Construction has turned a blind eye to the many Khans and Sangkats below their authority issuing soft titles to foreigners. In a recent announcement, however, this precedent has been totally stopped in Phnom Penh. There are however various solutions and ways around these recent changes, including buying through a nominee structure.Looking for property in Cambodia? Let us help!

Buyers of residential and commercial properties will be spoilt for choice when CAMBODIA PROPERTY AND INVESTMENT SHOW 2016 rolls into town at the Diamond Island Exhibition Centre (Koh Pich) from 8-10 September 2016. And Realestate.com.kh is proud to be the Official Property Portal Sponsor of this year's Cambodia Property and Investment Show! Visitors at the show can see all the projects in one location. Furthermore, buyers can enjoy many special offers available at only at the show. Billed as the largest property expo in Cambodia, the event will showcase some of the biggest property developments in the country. Supported by the Cambodian Valuers and Estate Agents Association, the Show will focus on quality projects that will also attract foreign buyers. Among the development on show are: The Cambodia Property and Investment Show looks set to be the biggest yet as more major developers signed up to display their projects. Many of them will be participating for the first time at the show. This reflect the continued strong growth and demand for quality projects. The property prices are still affordable as compared to countries around the region. As the country continues to attract investments in the manufacturing and tourism sectors, the rental market is expected to remain strong. The Expo is the ideal marketing platform to reach out to both local and overseas buyers as it is expected to attract over 10,000 serious buyers.To Book Your Booth please send your details to the organizer: CLICK HERE TO CONTACTAdmission to the Cambodia Property & Investment Show 2016 is free of charge. Invitation tickets are available: WANT TICKETS?  FIND OUT MORE

Sihanoukville is a highly coveted tourist destination that’s known for its international port, infrastructure, and other good services. The Airport in Sihanoukville also provides tourists a form of convenience, with flights ranging from both local and international destinations such as Ho Chi Minh City, Phnom Penh, and Siem Reap. It also offers a few other services for private international jets and helicopters.  These factors have proven profitable for Sihanoukville property and have dressed the tourism sector in the province to appear significantly more attractive. The Sihanoukville property market is extremely attractive for different types of developments, especially for the hospitality industry. For instance, Six Senses Hotels Resorts Spas – a high class international hotel – will start operations on its project in Khos Krabey Island soon. Within this hotel, there will be a set of around 40 holiday villas, all with a beautiful view of the sea and the beach. Six Senses Spa Krabey island is the preferred destination for tourists looking for a pleasurable and relaxing trip in the Cambodia and even in the South East Asia region. Six Senses Hotels Resorts Spas Krabey Island plans to reach project completion by 2017. There are also huge potentials for both tourism development and real estate development in the province. Mr. Den Sakal, a managing director of Universal Real Estate in Prasihanouk province, said that “customers are very much attracted to landed Sihanoukville property and residences. The leasing has been increasing in Sihanouk province, with most of them coming in from foreigners staying for a long time.” Meanwhile, Chhut Bona, a private company staff in Phnom Penh, says that there are a lot of opportunities to invest in landed Sihanoukville property for the coming years because there are also many ongoing and upcoming development projects in the province. In addition to this, its geography and international standards also play a huge role in investment opportunities. There’s also an immense potential for expats who wish to invest in Sihanoukville property, and Cambodia generally. For instance, a group of 13 Chinese companies and investors plan to build a $3 billion international resort centre on the development of Meas Prak (gold and silver) beach resort, which covers roughly 3,000 hectares of land. This is in order to obtain investment return from the tourism industry and to help in the development of Cambodia. Mr. Van Chanthorn, ceo of Towncity Real Estate, states that “luxury resort developments on the island and other projects are also contributing to the growing real estate sector in the Sihanouk province. This then causes economic growth which makes way for a lot of infrastructure improvements, along with a higher demand and growth in the employment market, which is really important.” According to Chhit Sengnguon, vice governor of Sihanouk province, there were over 1.3 million tourists who visited Sihanoukville during the year’s first 5 months, an increase of around 16 percent compared to the previous year. This is essential, as an increasing tourist volume indicates that the economy and the real estate sector are also growing. All property for rent in SihanoukvilleAll property for sale in SihanoukvilleLearn more about Sihanoukville

vKirirom Pine Resort is located among the pine trees of Mount Kirirom National Park, and offers a unique escape from the heat of the Cambodian plains, lying 675m (2,215 ft) above sea level. Here you can lead a slow life in the mountains, whether for a holiday retreat home, retirement village, office retreat or permanent residence. Kirirom National Park was the first national park of Cambodia, located mostly in Phnom Sruoch District, Kampong Speu Province, with a smaller section is in neighboring Koh Kong Province. The meaning of "Kirirom" is "Happy Mountain", given to the area by King Monivong in the 1930s. vKirirom today has an international class resort, vKirirom Pine Resort, with 68 rooms and 150 camping sites featuring, fit out in a glamorous camping theme, a.k.a “Glamping”. Visitors can join in an array of activities such as cool mountain top relaxation, team building activities, and recreational sports. There is also an international university known as the Kirirom Institute of Technology, now in its second year of operation. Exciting new introductions include the Movie Town zone, Entertainment zone, MICE zone (Meetings, Incentives, Convention and Exhibition), Auditorium, Bus Terminal, Commercial facilities, Swimming pool, ZIP lines and Container hotel. Having won the Eco Tourism Resort award 2015 from the Government of Cambodia, the resort has demonstrated it is fully committed to making the highland development into the best in Cambodia, and an internationally recognized destination on par with Siem Reap. Phase 1 is 591 hectares consisting of vKirirom Pine Resort and Creative Forest. The first area shall be dedicated to residential and supporting facilities. Introducing elements of a successful city development will be priority in this phase and will include daily conveniences, medical facilities, educational facilities, transportation hubs, commercial opportunities and entertainment. The latter area will focus on green concept business development. together with light industry and other development and education programmes. CHECK OUT THE FULL LISTING FOR VKIRIROM! The entire development is designed to be totally eco-friendly. For instance, as construction continues, VKirirom has a strict policy that only trees which are rotten or broken are cut down for new construction areas. Otherwise, the natural setting is preserved as much as possible. The resort also grows its own vegetables and fruits without chemicals to serve in the on-site restaurant. Natural resources are also reused, for example, charcoal is made from any cut trees, and fertilizer is created from green waste. 1200sqm of free land is available for sale for buyers who wish to design their own home. Architects and construction support is also available on the buyer’s request. If a two-storied house is preferred, this can be arranged also. However, in order to protect the environment, a policy of building-to-land ratio up to 20% must be maintained, and a maximum total floor area of 1000sqm. Pre-built homes are also available. Borey A has a single floor space of 110sqm with land area of 600sqm. These homes are perfect for those who want to come and enjoy in the mountain every weekend as an escape from the city life! Each house has a loft and rooftop veranda. VKirirom also offer an integrated cleaning service and food catering service from Pine View Kitchen, as needed. And when you invite your friends or relatives, you can use resort’s additional accommodation for a special price. Further, when you don’t use this house for a long period of time, the team at VKirirom can help you to find someone who wants to rent it and pass you the rental returns. Borey R has a single floor space of 36sqm with land area of 180sqm. It is well suited as a student dormitory for “Kirirom Future College” students. You can lease this building and rent it to the college (for 2-10 years) in which case the college assures the rental profit with an 8% fixed rate interest. Also as a retirement house, this type of house with land is very attractive. As the entire site is on a 50 years lease contract, anyone from any country can rent without any special procedure. The developer’s unique strategy is a win-win formula for buyers. vKirirom produce cost effective properties that provide good rental returns and high capital appreciation. CHECK OUT THE FULL LISTING FOR VKIRIROM!

Despite the law from 2010 that states that foreigners are only able to buy or rent properties above the ground floor and only up to 70 percent of properties, many foreign nationals and investors have still been able to purchase landed properties through soft titles across various districts of Cambodia for many years passed.However, as a result of the Ministry of Land Management, Urban Planning and Construction’s (MLMUPC) recent decision to enforce long-standing soft title ownership regulations, all khans (districts) of Phnom Penh will stop allowing the processing of titles under a foreigner’s name.What is a Soft Title?A Soft Title is a Cambodian land title that is recognized at the local government level. Soft titles are provided by the local Sangkat or District office and are not registered at a national level – but are still considered a possessory status. A Hard Title, by comparison, is recognized at a National level.The majority of property transactions still occur with soft titles in Cambodia because it is an easy way to avoid ownership transfer taxes and fees. A Hard Title, by comparison, costs around 4% of the property value to create or transfer ownership.Under the constitution, however, these soft titles are not legally available for non-Cambodian nationals.No more Soft Titles for Foreigners:Up until now the Ministry of Land Management, Urban Planning and Construction have turned a blind eye to the many Khans and Sangkats below their authority issuing soft titles to foreigners.In a recent announcement, however, this precedent has been totally stopped in Phnom Penh.Ownership of Land in Cambodia via Nominee:Nevertheless, there is still a way for foreigners to own landed property in Cambodia through nominees.What is a Nominee Structure?Simply put, this structure lets the foreign investor sign a trust agreement in partnership with the land holder. The land is then put into mortgage, and then leased to the foreign investors. This is an inexpensive way to “own” a property and the land beneath it, or at least have total control over that property.It’s quite simple to implement this nominee structure: You only need four “securitization documents” which is the mortgage agreement, loan agreement, lease agreement, and security agreement.Having these four documents will guarantee that you have control over the property, and security against the nominee trying to liquidize your asset without your consent.Grant Fitzgerald of IPS Cambodia notes the structure of the nominee is economical, fast, and effective for foreign buyers.Risks of Buying via a NomineeEven with proper legal protection, a nominee purchase actually disregards the constitutional prohibition on direct ownership of property by foreigners.Nevertheless, it is possible and it does work in practice. But always seek advice from a registered Lawyer and an experienced real estate agency.How the Nominee Structure will Affect Buying and Selling:There are two possible scenarios, given that there is now strict enforcement from the MLMUPC. The correct course of action will depend on how enforcement is managed in practice in the coming months.Transfer to Nominee on Sale:One scenario would allow foreign investors who currently own landed property to keep it in their name for the time being, but will be forced to transfer to a nominee before they can sell or transfer the title. This essentially means delaying the inevitable. But if the MLMUPC do not enforce strictly, it may be possible for the time being.“The new enforcement will not likely directly affect foreigners currently owning soft titles until it comes time to sell,” suggests Desmond Yap of Yong Yap Properties. “If Daun Penh follows the precedence of 7 Makara which did allow foreigners to purchase flats in previous years, foreigners who have properties under their name can still live in it and rent it and are under no pressure to sell. Just when they do eventually sell, it has to be in the name of a Khmer national.”Transfer to Nominee Immediately:The second scenario is where current foreign owners of these types of soft-titled properties will be forced to sell them, or transfer the title to a nominee immediately. If the MLMUPC decide to enforce the regulation so strictly, the foreign owner will be able to transfer the property to nominees, with the proper protections in place.In these cases, getting a lawyer would be the best option. Yap notes that “the worst case scenario is that they will force you to sell the property – though if this happens, you can just transfer the property into a nominee’s name with the protection of a trusted lawyer.”How will this Influence the Market?As a result of this, sales in soft titled properties are expected to slow down in expat hotspots around Phnom Penh as necessary adjustments are made by agencies to accommodate the stricter enforcement of the law. In the long run, however, the enforcement offers predictability in the law across the entire city.Still have questions? Contact Realestate.com.kh now!

Mr. Van (John) Chanthorn, CEO of Town City Real Estate, talented real estate agency owner and entrepreneur, talks with us in the Realestate.com.khTV studio about making the most of unique opportunities as they arise in the real estate investment sphere. A great real estate investor is flexible, and moves their money with the market shifts. In which area do you think is the hottest opportunity for property investment in Cambodia? The potential development sites in and around Phnom Penh are now almost all ready for immediate construction for buyers looking to develop, which is a distinct change from 10 years ago when much of the pre-development infrastructure needed to be done by the buyer. But the price is much higher also. Where to buy, however, will depend on the demand of customer - are they aiming to build a condominium, office or flat house development? Whatever they choose, they need to go to an area where the buyers are demanding these properties. For condo buyers and developers, the best suited location would be central Phnom Penh city, because the target market are the wealthy, the inner-city workers and those demanding a higher standard of living. In addition, offices buildings or company headquarters need to be placed on main roads such as Norodom Boulevard, Monivong Boulevard, and Kramoun Sar (114) Road. This means demand in these areas for commercial properties remains high. TAKE A LOOK AT TOWNCITY'S PROPERTY LISTINGS RIGHT NOW ON REALESTATE.COM.KH In case of industrial factory investment, they should be situated at suburban areas or Special Economic Zones (SEZs), where transportation, electricity and human labor are easily accessible. The choice ranges from National Road 1 to National Road 6. But always consider the road conditions, the infrastructure surrounding and the traffic situation. For industrial investment and warehouses located along National road 4 and road 3, and Kilometer 20-25, there a requirements across this area of the market for buyers to make a deposit 3 months before the projects even start construction. This clarifies that geography and demography play very big role in making the project successful. The best areas for Borey project, however, says Chanthorn, relies heavily on the type of Borey you are building. For the small sized borey developments, the location should probably be in the north and south areas of Phnom Penh City, or possibly the surrounding province; whereas the large borey developments are best located in the East of the city. Tell me about some major new developments that you are following. Some successful condo projects in central Phnom Penh are the Bridge and the Peak mixed-use developments, being build by Oxley Worldbridge. There are also a host of exciting projects on Koh Pich / Diamond Island, such as D.I Rivera and Casa Meridian. Another hotspot for condo is BKK1 and Khan Duan Penh, which has many new developments coming online in the next two years. TAKE A LOOK AT TOWNCITY'S PROPERTY LISTINGS RIGHT NOW ON REALESTATE.COM.KH

The Edge, a modern mixed-use development, will support Phnom Penh’s growing economy by providing what businesses – both local and foreign – need to unleash the capital’s potential: accessibility and convenience PHNOM PENH, June 24, 2016 – Shukaku Inc. today launched The Edge, its latest mixed-use development which will be located at the Phnom Penh City Center (PPCC), Cambodia’s first planned city project and Phnom Penh’s future Central Business District. Shukaku made the announcement at an exclusive showcase it held for investors, business owners and customers today at the Sofitel Hotel in Phnom Penh.CHECK OUT TWO EXCITING PROJECTS FROM PPCC FOR SALE ON REALESTATE.COM.KH NOW: RESIDENCE 90 | THE EDGECommitted to supporting Cambodia’s transformation to meet the demands of the 21 st century, Michelle Lau, Executive Director, Shukaku Inc., reaffirmed that Shukaku Inc.’s mission is to unleash the potential of Phnom Penh and make it a truly liveable city by creating sustainable, innovative and integrated urban communities in the region. “We are very excited to share our new development, The Edge, with you today,” Ms. Lau said, “which is the latest feature of our project that speaks to our company’s long-term vision for the Phnom Penh City Center.” The 4 to 5-storey, 90-unit development was conceptualized by award-winning design architect, Logon, which used an innovative ‘Retail Office Versatile Office (ROVO)’ concept. All units are designed with flexibility in mind, providing space for businesses to be set up according to their preferences. The Edge is located next to a 22,000 sqm public park – a testament to Shukaku’s vision of providing new livable spaces where the community can feel safe and have true accessibility. Residence90, the company’s first residential villa property tailored for the modern Cambodian’s urban lifestyle, was also featured at the event. Inspired by modern architectural models, each villa at Residence90 has been designed to integrate seamlessly with the surrounding tropical landscape, and to fit its residents’ lifestyles. “At Shukaku Inc., we believe that each project begins and ends with a sense of purpose,” Michelle Lau said. “The purpose behind Residence90 is to provide residents with high-quality and smart living – at the heart of the Capital.” Current developments at the PPCC also include the PPCC Sports Complex and the upcoming One Park, an integrated lifestyle, residential and commercial hub, co-developed with GRED. Shukaku is in discussions with investors and will announce more developments throughout the year. “My vision is to create a place where the community can truly work, live and play” said Ms. Lau. “This includes wide spaces filled with greenery and well-planned infrastructures as well as providing a central place for businesses to conduct efficient, comfortable and reliable operations.”About Shukaku Inc.Established in 2001, Shukaku is a privately-owned innovative real estate developer based in Phnom Penh, Cambodia. Not just a property developer, Shukaku is also a master developer and an urban planner actively contributing to the shaping of the new Phnom Penh. Committed to building Cambodia’s future, Shukaku is creating liveable, quality developments through pioneering urban planning standards. Its flagship project, the Phnom Penh City Center (PPCC), will create a modern, thoughtfully-planned and fully integrated downtown core in Cambodia’s capital.About Phnom Penh City Center (PPCC)Set to become Phnom Penh’s first Central Business District, the Phnom Penh City Center (PPCC) is the first planned city project in Cambodia. Combining financial, retail, commercial, residential, medical, recreational and public spaces, this 111.6-hectare open, futuristic and iconic urban district located at the heart of the capital will offer the newest architectural buildings and modern city conveniences. A green and vibrant township, the PPCC is bringing a livable and integrated city to the people of Phnom Penh.  CHECK OUT TWO EXCITING PROJECTS FROM PPCC FOR SALE ON REALESTATE.COM.KH NOW: RESIDENCE 90 | THE EDGE

With an increasing number of reasons to visit the land of smiles, Cambodia has opened its doors not only for economic growth and global competitiveness, but also for tourists who are looking to immerse themselves in the Khmer culture.As a result of this, the number of visitors and infrastructure dedicated to helping the tourist sector expand has also grown.“One Belt One Road” Policy:In an interview last month, Sam Yang, CEO of Eastland Development, states that the “One Belt One Road” initiative by China – which aims to create an elaborate land and sea railway connection among different countries around the world – may help usher in Chinese investments into Cambodian real estate. Since there is an overproduction of materials in China such as steel, it can easily be made accessible to Cambodia to utilize towards building infrastructures like airports, roads and railways. This will allow numerous entry points for tourists. And the more tourists that come into the land, the more foot traffic local and international retailers have. In fact, in 2016 alone, 1 million Chinese tourists are expected to walk the streets of Cambodia.Tourism is becoming one of the major contributors in Cambodia’s economy. And with the appearance of hotels owned by international companies, and the construction of new infrastructure like additional airports and railways, property investment would seem like the perfect option for foreign nationals who can’t stay away from the Kingdom.Awards Keep Coming:Just recently, the ECTT or the European Council on Tourism and Trade hailed Cambodia as the World’s Best Tourist Destination for 2016. If anything, this recognizes the efforts of the Ministry of Tourism and confirms its success towards driving more people to become aware of the many attractive qualities of Cambodia. This also further encourages investors as an indicator of stability and growth. Accommodations Expand:Local and international businesses and retailers are not the only beneficiaries of the growth in the tourism sector though. New high end brand hotels have also been popping up and receiving their fair share of investment returns through thousands of tourist s checking in every single day. Hence there is a great opportunity for foreign investors to launch and develop even more properties like it. Some of these developments are “The Courtyard by Marriott”, and the “Rosewood Phnom Penh” which will occupy the top 14 floors of Vattanac Capital Tower. These hotel brands are preferred by visitors because of outstanding service and accessibility to attractions around the country. The Peak mixed-use development by Oxley Worldbridge will also host the Shangri La Hotel in the coming years.But of course, accommodation for tourists is not just limited to hotels. As the property market and tourism expands, there will also be growth in different markets like apartments, serviced apartments and backpackers. These types of properties will see a rapid increase in rental prices.Another thing we are seeing more and more of is eco-friendly tourism options; a prime example being VKirirom Resort - where guests can stay on top of Cambodia’s most idylly mountain range, and enjoy a wide range of eco-friendly activities.Easy Visa:While getting a visa in Cambodia is not at all complicated, the Ministry of Tourism has now given notice that it will prepare to issue three-year multiple visas exclusively to Chinese and Korean citizens, who have been the country’s greatest tourists, partners and investors. In 2015 alone, there were around 400,000 Korean and around 700,000 Chinese tourists. And as the amount of visitors in Cambodia grows, the Ministry of Tourism hopes that this will encourage foreign nationals to get to explore not only the sights in Cambodia, but also investment opportunities.Just recently, the ECTT or the European Council on Tourism and Trade hailed Cambodia as the World’s Best Tourist Destination for 2016. If anything, this recognizes the efforts of the Ministry of Tourism and confirms its success towards driving more people to become aware of the many attractive qualities of Cambodia. This also further encourages investors as an indicator of stability and growth.Check out more info about Foreign Investment in Cambodia!

Best Practice Facilities Operations: Adding Value to Business Competitiveness through Operational EfficiencyTraining with RICS: Cambodia, 20 July 2016 The majority of organisations operate from buildings, which represent one of their largest corporate assets and after staff, one of the most significant expenditures. These assets and costs need to be managed with the objectives of the organisation in mind so that accommodation and facilities services strategies are aligned with business strategies and plans.Managing facilities operations effectively contribute to supporting its organisation to deliver operational efficiency, statutory compliance and continual improvement.In this one-day workshop, you will learn how facilities operations may add value to the business, support the strategic aims and values of its organisation and keep the organisation legal and safe and are not an unnecessary overhead.Brought to you by RICS and IBC Cambodia, Realestate.com.kh is proud to support and sponsor this event.    SIGN UP NOWWhat to Expect?Lecture: Interactive series of presentations supported by in-depth group discussions. Case Study: Allow you to apply the new theory and concepts in real-life context. Learning Objectives After this programme, you will be able to: Explain essential elements of facilities services delivery process;List various facilities delivery services sourcing options for your organisation;Summarize steps of outsourcing procedures;State guidelines for preparing and managing service contract documentations;Identify legislative and compliance requirements;Describe commonly used performance measures to evaluate performance of facilities management teams;Explain scorecard approaches to facilities management in measuring performance.   SIGN UP NOWWho Should Attend?Facility Managers;Property owners;Property agents;Property investors;Asset Managers.   About the Trainer:Steven Ee, Msc CFM; Principal Consultant, FMS Associates Asia Pte Ltd; Steven runs FMS Associates Asia, a facilities management training and consultancy company that provides accelerated learning in facilities management. He is a Certified Facility Manager awarded by the International Facility Management Association (IFMA), an IFMA Approved Instructor, and IFMA Subject Matter Expert for its Facility Management Professional programme. He is the co-developer for the Competent Facilities Practitioner programme and has developed the Workforce Skills Qualification programme for facilities management in Singapore. Steven is regularly invited to speak at seminars and conferences attended by over thousands of facilities practitioners in Southeast Asia and China. Event detailsDeadline for registration: 11 July 2016 Capacity: 30 (first-come, first-served) Price: USD$300, with Certificate of Completion Venue: Intercontinental Hotel, Phnom Penh. For registration, please complete the Registration Form; attach it with payment slip and email to Mr. Seyhak Bun at admin1@ibccambodia.com OR Ms Linda Kwok at LKwok@rics.orgSIGN UP NOW

This week, Realestate.com.khTV invited Hun Chansan, director of Re-Edge Architecture & Design, to our studio to speak about the Cambodian Architecture scene. "Hun Chansan is a registered architect, a member of Board of Architects Cambodia (BAC) and Cambodian Society of Architects (CSA). Chansan graduated with a Master in Architecture from Northeastern University Boston, Massachusetts and returned to Cambodia in 2009 after spending more than 15 years in Singapore and the United States. His first job in Cambodia is the Faculty Coordinator and lecturer of Architecture and Design at Limkokwing University of Technology Phnom Penh campus. Chansan is also a visiting professor at Pannasastra University School of Architecture and Design in which he shares and inspires about Design and Concept with his students. Since 2011, Chansan established Re-Edge as a continuation of his Master Degree Thesis project called “Re-Edging Retails” where the architectural approach is a dialog between a building and its environment. Since then, Chansan has directed the design completion of many types and scales of numerous projects." Why did you decide to study architecture? When I was in Singapore, I spent so much time drawing. Then, there was a teacher who noticed my talent, so he advised me to major in architecture. When I pursued my degree in the USA, I decided to follow his advice, majoring in architecture.  Thanks to the in-depth study and practice I had there, I got to understand more about this major and came to realize that architecture has enormous influence on peoples' daily lives. Since then, I have followed this path. Who is the person you admire most? There are many people who inspired me. I am lucky I had chance to study abroad and observe numerous (architectural) achievements. As a matter of fact, those who major in architecture need to be really good at observing other artworks. So, I went to Europe and the United States to learn more about that. Mr. Louis Khan, a US architect, heavily emphasizes his project on choice of location and shows great creativity in maintaining its natural elements and fresh air. His innovation still looks new today. Mr. Le Corbusier is a French architect with very high creativity. In the past, his ideas were rejected. But he made himself recognized and has continued to impress everybody until today. He is also the teacher of famous Khmer architect Mr. Vann Molyvann. Do you have your own style of architecture? Talking about personal style, I don’t specifically own one. Naturally, we have our own characteristics. However, I don’t really focus on making sure my style is always pronounced. Instead, what I pay more attention to is the location of building and customer’s demand. Currently, my company has obtained different projects such as Borey, Villa, and Condominium projects around Phnom Penh. What do you think about the future of architecture in Cambodia? The architectural sector in Cambodia will experience more development in the future. We believe that the increase in the competition level and higher standards of education in the local market will bring about an increase in competency and creativity in the next generation of Khmer architects. In the meantime, modern technology helps a lot in expanding local knowledge and Khmer's travelling internationally. This makes more opportunism and will develop the next generation of architecture in this nation. Realestate.com.kh brings you the most important news and knowledge of real estate.

Every industry has its stories of successes and shortcomings. The real estate and property investment industry in Cambodia has certainly had lots of those - and has developed a lot alongside its victories and it's rising from past failures.This is the same reason why it is regarded as the rising tiger of Asia: Strong in its approach and wiser with each controversy and distress, the property and land markets have seen significant growth in the past years. But there remains challenges that it must overcome to reach its maximum potential.In a speech for fellow professionals and enthusiasts in the Real Estate Market & Outlook Conference (REMOC) 2016, president of CVEA and CEO of Khmer Real Estate, Mr. Kim Heang, addresses some of the challenges for the land, condo, borey, factory and warehouse markets.Should Foreigners Be Allowed to Buy Land in Cambodia?He states that Cambodia is fortunate enough to have laws and policies in place that restrict foreigners from buying land. Unlike countries that do not, Cambodia is reaping the benefits of this policy through stable investment opportunities for locals. Heang explains that if foreigners are allowed to buy properties in Phnom Penh, the whole of Phnom Penh would soon become a giant Chinatown, since the Chinese represent the largest population of investors right now in the area. He adds, "I don't want to be the last Cambodian to live in Cambodia." But even if laws to allow foreigners to purchase land may be possible in the future, Heang clarifies that now is not the right time for that. Where to Invest Now?Heang suggests that if you are looking to buy land for investment returns right now, buy from areas like BKK1 that have 25 years of reliable investment history and established amenities like hospitals, schools, market places and offices. This area is perfect for buyers looking for residential spaces. But if you’re willing to wait and place your money for longer and for a bigger return, and plan on doing resale in the next five years, properties in areas like Toul Kork might show better potential for that purpose. He also mentions it is cheaper to invest in condominiums being built in Toul Kork now, because more established areas like BKK1 are heavily influenced by the very high land prices.Heang adds that people looking for investment returns in the next ten years would be best to buy properties outside Phnom Penh itself, in the outer districts, or up to 15 to 20 km away from it. Condo Oversupply?At present though, there are around 20,000 condominium units expected to reach completion by 2018. While there is a concern that there may be an excess of units, Heang suggests that the condominium market will have plenty of demand in the coming years since the Phnom Penh population is expected to rise rapidly as well. And though foreign investors are not allowed to buy land from Cambodia, if the government can get foreign investors interested in Cambodia, it would not be unreasonable to double or triple the amount of units that Phnom Penh already has to offer and still find sufficient demand. This can be achieved through friendlier and more efficient investment policies being put in place by the Government. Property Development Advice:But Heang notes that for property developers, the condo market is now becoming highly competitive and condominiums may not remain practical for long-term living in the city because of the traffic and congestion issues growing in central areas. For that reason, Heang suggests that developers should consider moving to areas on the edges of the city and supplement the local market demand for more landed Borey projects. Preselling also becomes an issue in terms of condominium developments because many developers now cannot afford to buy the land for development outright - so instead loan for this land payment from financial institutions. While it’s not bad to get a loan for the development, many investors are unable to reach their target market during presales and get the necessary support to start construction- as they don’t have upfront capital reserved for construction. Heang advises against allowing this kind of practice throughout the industry due to the potential pitfalls this can cause.Industrial Property Still Strong:But while the condominium market remains unpredictable, industrial spaces such as factories are becoming even more popular for investors in Cambodia because of the relatively low minimum wage for workers that still exists in the Kingdom. Investors have also become wiser, transferring their factories to less expensive areas to save on overhead costs.Heang concludes by saying, “the future of real estate in Cambodia? What is the future? Nobody knows. No one knows about the future." He says that problems are everywhere and it is important that you have a solution-based mindset. In a highly volatile industry where even the smallest problems can lead to the biggest changes, professionals in the industry must be able and ready to adapt.

We live in a fast-paced world where everything is instant and all transactions can be done with just a simple click or swipe. With credit cards, social media and delivery applications on the rise in Cambodia, it’s easy to forget that it wasn’t always this way. In Cambodia, online internet users have skyrocketing to over 6.7 million people. Meanwhile there are over 20.8 million mobile phones currently in use across the Kingdom, according to statistics provided by the Telecommunications Regulator of Cambodia. Just ten years ago, few even knew what these things were, let alone used one... And while traditional media certainly still has an influence in Cambodian daily life, more and more businesses are moving into the digital realm to expand their reach to the new generation of investors, innovators and daily consumers.The information aggregation and communication that online growth is facilitating is also allowing macro-analysis of social and economic trends. In Cambodia, the online revolution is influencing everything - even politics. For instance, the government is now utilizing online platforms to shape policies, address ongoing public issues and to anticipate future problems: According to VOA News, Prime Minister Hun Sen has taken note of this radical change in online media platforms and has even ordered his team to utilize online platforms to provide “fast, responsive, accountable service” to his electorates - a key example being his personal Facebook page.  One of the industries that will benefit most from this online revolution shift in Cambodia is the real estate and property investment industry.Having hundreds of thousands of properties available in the market right now and millions of international investors considering placing their money into properties inside Cambodia, real estate agents, landlords and property developers have to maximize their network of potential clients online, meanwhile minimizing marketing costs and and maximising profit. At the same time, buyers and those looking to rent in the Kingdom of Cambodia need online resources and opportunities to consider, without having to spend weeks travelling different cities just to look at what is available for them. It’s both inefficient and impractical.This is something that’s already been recognized in other progressive countries such as the USA, where 91 percent of realtors in the US are now utilizing social media and online classifieds to increase sales. Meanwhile, 86 percent of potential real estate buyers and renters in Australia go online first when they begin their property search. Another reason why people are flocking to real estate portals is the amount of information that is readily available to provide insights into the industry; such as news, developer information and loan terms. These tools allow buyers and sellers to assess future trends and grow their understanding of property investment. It also allows for easier communication between the buyer and seller, meaning anyone can quickly and efficiently find the correct information about certain properties, developments or real estate policy. Searching on a real estate portal beats having to spend the whole day looking for a paragraph of information on the entire web, which literally has billions of web pages. Online real estate platforms are fueling growth in the Cambodian real estate industry, and are a game changer for the future of property investment and real estate transactions in the coming years. JOIN THE ONLINE REVOLUTION, LIST YOUR PROPERTY ON REALESTATE.COM.KH FOR FREE TODAY!

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

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.