Rising again from an economic depression in 2008, Cambodia has resolved to rise above expectations and circumstance. According to Director of Key Real Estate, Sorn Seap, in his presentation at the Real Estate Market and Outlook Conference (REMOC) 2016, this has manifested and converted into promising Phnom Penh land price figures in the years following the economic upset. Though, he suggests we are now in the middle of a golden economic era, Cambodia still has its fair share of things to address for sustainable success in the Phnom Penh land market. In a sector as big as the land market, progress does not come without sacrificing a few details. This is especially true in the Phnom Penh area where progress is most prolific. As foreign investors move in and new developments such as bridges and roads are built, a display of both positive and negative impacts has become apparent, says Sorn.One such impact is the decreased rate of progress in the condominium market at the start of 2016. Asia Real Estate general manager, Po Eavkong, in his interview with the Phnom Penh Post, said that sales decreased 30 per cent because of a high supply of units and high saturation of developments across the city. This has forced developers to reduce unit prices. This was a similar conclusion made by Hoem Seiha, the director of research for VTrust Appraisal, during his presentation at the REMOC2016 conference, too.While other segments reap rewards for their early developments coming online while the market is strong, it is the developers launching now that may experience the effects of the plummeting statistics. Another concern Seap mentions that may affect the Phnom Penh land market is the increase in Phnom Penh land prices generally. Phnom Penh has been one of the most sought after areas to invest in to buy undeveloped land to build properties on. Many foreign investors have been quick to grab the free land in Phnom Penh, and with no shortage of upfront capital to spend. Unfortunately, along with the high demand came higher and higher Phnom Penh land prices. The CVEA, in discussions last December, talked about the Phnom Penh land market prices. The 80+ real estate and valuation companies that make up the Association came to an agreement that Phnom Penh’s average land market price for 2015 was about $3,050 per square meter. However, this is more than double the amount from a report released by VTrust Appraisal in its Journal of Real Estate – Volume 1, Issue 2 – where the average asking price was only at $1,140 per square meter.But this may not affect foreign companies looking to place their money in the local land market. Phnom Penh land prices are still relatively low compared to neighboring countries. The effects will more likely be felt by local developers and investors who are planning to purchase in the area of Phnom Penh. Further, it is felt by the lower class buyers now essentially blocked from the inner city Phnom Penh land market by high costs of entry. Though this may cause difficulties with future projects, this will also mean good news for suburbs of Phnom Penh that have garnered less attention than the four major areas of Phnom Penh dominated by investment thus far, namely Chamkarmorn, Daun Penh, Toul Kork and 7 Makara. Traditionally less-popular areas of the Phnom Penh land market will now receive the necessary support for them to gain investment in their real estate development, suggests Sorn. As development moves further away from the CBD, there will come a time that land prices will lower somewhat in the prime quarters and reach an equilibrium that is both beneficial and stable for the whole of the city; and the Cambodian real estate market generally.The first quarter seems like it has hit a roadblock of sorts, but with a change in strategy and government/private sector policies, a lot can happen in the remaining quarters of 2016.

Welcome to another real estate news recap, from Realestate.com.kh – your leader in property information! Keep up to date with market changes, and be an investor with FORESIGHT!Cambodia and Russia Partnership:In a discussion May 16 with Russian Prime Minister Dmitry Medvedev, Cambodian Prime Minister Hun Sen proposed converting a portion of the $1.5 billion that Cambodia owes to Russia into economic and investment cooperation opportunities. This was on his recent visit to Russia. While there has been no clear statement of how the two countries will go about this issue, Medvedev and Hun Sen continued to sign an agreement that put importance on trade, investments and defense. This, according to the prime ministers, will strengthen and highlight the relationship of the two countries which already spans decades in history.The Rise of Sihanoukville:While Prime Minister Hun Sen discussed investment opportunities and economic alliances in Russia, the Cambodian Minister of Tourism, Thong Khon, and the Minister of Land Management, Urban Planning, and Construction, Chea Sophara, had their own discussions about portioning Sihanoukville into three segments or sections to make it more manageable. The three sections will be characterized as luxury beaches with the private sector, public beaches with the private sector and public entertainment beaches. How this affects zoning and property allocations remains to be seen.The Division of Sihanoukville:The segmentation of Sihanoukville seemed like a fair agreement for everyone. After all, this will allow authorities to easily manage local policies and accesses. Everything seems fair, of course, until someone says it isn’t. This is the case with 14 vendors whose stalls and businesses were demolished in the Ochheuteal beach on April 9. This was after an eviction notice was given to them on March 13. It was reported that there were around 30 stalls that were dismantled to make way for infrastructure and a garden. Some of the vendors had agreed to the $3,500 compensation, but there are still a few who refuse to come to terms with this new development. The evicted vendors had already filed a complaint with the Interior Ministry last Tuesday. As a result of this, Secretary-General Khieu Sopheak has tried communicating with Preah Sihanouk Provincial Governor Yun Min to see if this issue can be resolved peacefully.A First for Pursat Province:Since the discovery of an investment potential for a development in Pursat Province, local developer – Green Trade – is planning to build a mall and flat along National Road 5 at the Lor Lork Sor district. This road bears much value as the connector of Bangkok, Ho Chi Minh and Phnom Penh. According to Okhna Phou Puy, the head of the Cambodian Rice Millers Association and also the director of Green Trade, the development will also build a farmer’s market and compound flats. Construction is expected to start by the year 2017 where they hope it will meet the New Year with a bang.Chroy Changvar Land Titling:With a welcoming embrace of doubt, local groups for land rights had warmed up to the announcement of District Governor Klang Huot that titling will start this week for residents affected by the Overseas Cambodia Investment Corporation (OCIC) development which is valued at around $1.6 million. Klang Huot adds that officials coming from the Ministry of Land Management, Urban Planning and Construction will arrive to also inspect the communes of Prek Tasek and Prek Leap. Residents were advised to ready their land documentations and plot their lands but have yet to receive details about how much the compensation will be. Officials have yet to confirm the final terms for the said titling.EEU Free Trade Zone: In a statement made by Russian Deputy Foreign Minister Igor Morgulov at the Russia-ASEAN Summit held in Sochi, he reveals that a number of countries in Southeast Asia have expressed the will to create a free trade zone agreement with the Eurasian Economic Union so as to establish healthier business ties and investment opportunities amongst them. These countries include Cambodia, Thailand, Indonesia and Singapore. It’s still not clear whether the EEU is open to accepting this type of partnership with the above-mentioned countries. Until this is confirmed, the free trade zone remains to be a possibility and a topic of interest.

With the decline of investment opportunities and political stability in neighboring countries and traditional hubs of international real estate investment, more and more foreign investors are closing in on the Kingdom of Cambodia and the Cambodian real estate sector. As this vehicle for growth continues, it pays to step back and consider the major victories and potential pitfalls of the Cambodian real estate sector as a whole. Despite beginning from a highly distressed market around 25 years ago, Cambodia has slowly moved through the ranks and emerged as one of Asia’s fastest growing economies. One reason for this is because of revisions to government policy that have made business transactions much easier, convenient and increasingly transparent. This isn’t only profitable for the international market, but also for the local developers and consultancies who have been working to make the construction and Cambodian real estate sector a major contributor to macro-growth of the Cambodian economy.The government’s efforts to assist this sector to thrive has resulted in increased gross domestic product - where in 2015, the World Bank declared that the country’s GDP rose from roughly $16 billion to $18 billion; with construction as the overriding driver behind this growth. The Asian Development Outlook by ADB also mentioned that “Cambodian economy remains strong, despite a slight growth for 2015 and 2016 due to economic disturbances, with a forecast at 7 percent GDP growth in 2015 and 7.2 percent in 2016.” In his talk at the Real Estate Market & Outlook Conference 2016 (REMOC), Hoem Seiha, the director of research for VTrust Appraisal, explains that this may be one of the contributing factors to the continuous progression of population incomes; which grew from $102 per capita in 2009 to $136 per capita in 2013. This is confirmed through a research report made by the National Institute of Statistics. This has led to a rising of the middle class as well, mentioned Hoem, increasing consumer spending across the board.As 2016 rolls on, Hoem also believes that commercial properties are now reaping the fruits of their construction cost and labor as new commercial developments are seeing more and more income from a larger share of the population. Some of these developments include the Sovanna Mall, Canadia Tower, Phnom Penh Tower, Vattanac Capital Tower and the AEON shopping mall. To confirm this point, CBRE Cambodia has projected that about 300,000sqm of net leasable retail areas will be available for commercial occupation by the closing of 2016.Shop houses and villas within “borey” land projects still remain the preferred option for Cambodian buyers; who see in-house financing deals from developers and staggered payment terms as a key advantage when looking for a new family home. Shophouse flats which have multiple floors, one of which opens to the street, also remain a popular choice for local investors and buyers, such as newly-wed couples, because these can be used for both residential and business opportunities. Cambodian’s generally want an opportunity to own their own business, even on a small scale - and these types of properties allow for this. There is, however, a slight change of pace for the Cambodian real estate sector as condominium sales have slowed and may continue to slow, notes Hoem. According to Century 21 Cambodia, the Sales-to-Stock ratio in the condo sector took a knock from 25 percent to 7 percent in 2015 to 2016 alone. But it may be too early to tell if this will be the case for the whole year or not. Hoem states that this effect may be due to the fact that the condominium market has an excessive supply given local uptake, and a demand that has become predominantly dependent on foreign buyers. This is due to the average price per unit being out of reach for most locals, a lack of appropriate financing options for local needs and a lack of demand for non-landed properties according to domestic Cambodian tastes and preferences. As Cambodia reaches for its full potential, there are still a few threats that it has to acknowledge and learn from. Learning from these indicators is necessary for Cambodia and the Cambodian real estate sector to maintain economic progress and a competitive edge. One thing is for sure though – its future remains exciting!

Talks of growth in Cambodia has made it a hot-spot for foreign property investment in the last few years, and the nation is receiving worldwide interest from property developers and investors. Known for its beautiful culture, awe-inspiring beaches, mystical forests and rivers, and enormous temple complexes, it’s easy to understand why everyone wants a piece of it. But more than the aesthetic beauty of the country, there are a few other things that give Cambodia its property investment charm:U.S. Dollar Based Investment:Cambodia has used the U.S. dollar as one of its main currencies for a long time now, over 20 years in fact. The government explains that the US$ provides stability in the market with ease of conversion from Riel (the local currency). This makes transactions less complicated for investors and offers a currency option that faces very few transfer restrictions around the world. There are no restrictions for exchanging US$, making it a highly-free flowing currency, and a global currency showing superior stability to all others over recent years. Transferring funds from abroad into Cambodia is very easy and able to be done with very little process. Meanwhile, when you resell your property in Cambodia, you can transfer your money outside of the country very easily, simply by showing your receipt of sale. Many regional banks that have opened in Cambodia also offer ample support for foreign investors who wish to enter the growing real estate market of Cambodia.Early Development Phase:Even though the Cambodian real estate industry has come a long way in the preceding years, there is still a large chunk of undeveloped land and untapped districts able to be utilized by investors and developers from overseas. Most developments in recent years have focused on the capital Phnom Penh, the beach town of Sihanoukville and the tourist destination Siem Reap; but Cambodia still has huge potential for growth in other regions, and investors are welcome to join in when they bring FDI, infrastructural support and experience.Impressive Growth in GDP:Research from a large variety of sources has demonstrated a consistent average GDP growth of 7 to 7.5 percent in the last 5 years for Cambodia. This has allowed the Kingdom to rank 21st in this measure of growth worldwide, and the 1st in the Southeast Asian region – further solidifying its integrity for potential growth into the future. While the bulk of this GDP has traditionally come from garment manufacturing, the economy is entering a phase of diversification and value-adding upskilling which is set to take the economy to a new level of sustainability, for both investors and Cambodian nationals. In fact, last year construction was the largest engine of GDP growth in Cambodia - a testament to the emergence of a booming real estate industry. Appreciation gains for Cambodian real estate are much more attractive than other established markets thanks to the nation’s consistently fast growing economy and GDP. Buyers of property in Phnom Penh, for instance, can safely expect 6 to 8 percent appreciation each year.Secure Assets:Development in policies regarding strata titles, whereby foreign investors can purchase co-ownership in a property as a workaround of the Cambodian State Constitution, has proven to be a profitable decision for its economy and a key for foreigners looking at entering the real estate market. Long term lease policies have likewise allowed huge opportunities for international investors to enter the market and these have provided security sufficient to encourage more and more inward investment.Strategic Trade Location and Logistical Integration:Lying between equally competitive and growing neighbor countries, Cambodia is located alongside Thailand and Vietnam. Meanwhile, the economy sits between the two giants of China and India, with consistently growing partnerships with both. It has also joined ASEAN and has established highly beneficial trade agreements with Europe, North America and Australasia. Infrastructure and trade services have been one of the things Cambodia has pushed very hard on in recent years. That is why it has continued to build better roads, railways, bridges and deep sea ports. It has also continued to develop its international flight connections across the country so as to integrate fast transport and travel for investors. As part of China’s “One Belt One Road” policy, the country will also soon see interconnecting railways across the Asian region and into Europe.Political Stability: The fact that the Kingdom has had one prime minister for almost a quarter century means that there has been, and will continue to be, consistency and continuity in its highly investor friendly policies and political practice. In fact, the current prime minister represents the longest-ruling non-royal leader in South East Asia. Out of the ASEAN nations, Cambodia has demonstrated itself to be within the top 3 in regards to political stability. Retirees' Mecca:Cambodia boasts a low cost and high-standard of living for retirees; offering a great lifestyle at a fraction of what it would normally cost in other places in the region, and tiny compared to highly developed economies. This is what makes it a perfect retirement spot for foreigners. This is becoming increasingly so as the nation's logistical connections, health system, schools, visa support systems and infrastructure grows in leaps and bounds. People:According to the Population Division of the United Nations’ Department of Economic and Social Affairs, Cambodia has about 15,700,000 people, and these people are the Kingdom’s greatest asset in terms of growth. They are not merely spectators to growth; they are the drivers of economic progress - given that 70% of this population is under 30 years of age! Aside from that, the people of Cambodia are also naturally friendly and welcoming, and most understand the value of partnering with internationals for benefits in terms of sharing worldly experience, education and economic benefits.   These are just some of the things that have given Cambodia its charm for investors in the last decade. And as more and more people see the great accomplishments in its past developments and its full potential beginning to emerge, it will soon grow even more attractive for property investment opportunities, whether at a personal or at a business scale. Nevertheless, for the most appreciation, NOW is the time to consider investing in Cambodian real estate! FIND A PROPERTY NOW!

The Global Strategic Business Development (GSBD) Team at Century 21 Cambodia will soon embark on a month-long “Global Strategic Business Development Tour” whereby they will visit China, Hong Kong, Macau, Taiwan, Thailand, Singapore, Japan, Malaysia and Indonesia, promoting Real Estate investment opportunities in Cambodia. The tour team will consist of Mr Kuy Vat, Chairman/CEO Century21 Cambodia; Mr Seraj Sutton, Director of Global Strategic Business Development at Century21 Cambodia; and Mr SamAth Him Sprung, Director of Global Strategic Business Development at Century21 Cambodia. Century21 Cambodia, through their tour series, wish to be a catalyst in spotlighting Cambodia in the world market for property investment; and will be approaching major players in key markets in order to combine their regional expertise and to expose the Cambodia market to the huge Century21 Global Network. Even while Cambodia’s construction and economic boom continues, many perceptions of the wealth of the country and the potential for returns on investment are still being overlooked in major global markets, despite nearly two decades of swift economic growth. While the Century21 Overseas tour seeks to identify investment opportunities abroad, it also seeks to alter this mindset and funnel investment capital back to the Cambodian property sector. With up to 80 percent of Cambodian new development projects being bought by International buyers, property developers in Cambodia must educate the global market on the benefits of investing in the Kingdom. Through this tour, Century21 Cambodia is pioneering this mission, and a mission that will bring benefits not only to Century21 offices in Cambodia - but the entire property market sector in Cambodia! Mr Seraj Sutton, Director of Global Strategic Business Development at Century21 Cambodia, said that, “We at Century21 Cambodia are very excited and feel quite positive about the way real estate market in Cambodia is developing and are proud to present Cambodia to the world.” The month long expedition is to promote Cambodian-based property investment opportunities to the International investors and also to identify overseas investment opportunities for Cambodian-based property investors; The investment tour will provide a unique opportunity for personal interaction to close the gap between the investor and the opportunity. In each of the 9 countries they will visit in phase one of the Business Development Tour, the Century21 Cambodia team will harness the Century21 Global Family Network in each of these countries, tapping each country franchises’ network of investors, property owners and sellers. With 7,100 offices, across 78 countries and over 100,000 Professional sales agents, the Century21 Global Family is well positioned to promote new real estate developments in Cambodia to surrounding countries. After the Century21 Cambodia Asian Business Development Tour is complete, they will then look to wider global markets to share information about Cambodian property investment, namely they will visit Australia, USA, Belgium and France.

CB Richard Ellis (Cambodia) Co., Ltd. (CBRE Cambodia), first came into existence in 1993 and is now the world’s largest commercial real estate services and investment firm.CBRE has an employee count of 70,000 in 400 offices worldwide. Foreign nationals from the UK work within each subsidiary company and pass on international knowledge to local staff in offices across the globe.Attributing to its strong market growth and expansion, CBRE Cambodia launched in Phnom Penh, Cambodia, in 2008.Equipped with more than two decades of experience in the real estate industry, CBRE Cambodia has provided assistance in all different aspects of the real estate industry, all over the Kingdom. With the help of its specially trained experts, they offer services like execution for property sales and leasing, strategic advice and consultation, corporate property sales and management, full facilities and project management, all types of appraisals and valuation, mortgage banking, in-depth research and consultancy.CBRE Cambodia also have experience in a lot of types of properties and transactions, including villas, boreys, condominiums, apartments, shop houses, office leasing, industrial space, hotels, resort, land, investment, retails for rent and retails for sale.Senior Associate Director, Sothida Ann, says that, “CBRE does not directly invest in or acquire projects in the market; we are a service provider using our experience and regional support to provide our clients with the soundest advice when they are looking to invest in the market. One of our main areas of work is in research to advise developers and investors on whether it is the right time to enter the market, often performing feasibility studies for the client to see if their project is viable.”With its goals focused on setting a strong regional presence and widely respected service record, CBRE Cambodia have attracted, and are still attracting, investors from all over the globe to the Kingdom.CBRE Cambodia represents one of the most trusted and reliable firms in the Kingdom - not just because of its years of experience globally; but because of what they have achieved in the two decades that they have operated.As a testament to its success, CBRE Cambodia has been involved with key local projects such as the Australian Embassy, Phnom Penh Tower, Hongkong Land’s new development projects, Vattanac Capital Tower and Song Saa Island Resort, to name just a few.CBRE Cambodia leads the pack; because, unlike its competitors that offer only two-dimensional assistance packages for potential owners and investors, CBRE Cambodia has made certain that it can offer 360 degree assistance from step one - the time that you would need the most guidance and education - right through to final completion.CBRE Cambodia’s triumph is not only in acquiring as many investors as they can to grow their business, but in the quality of their services: an irreplaceable tool for investors and developers to find success in their current and future ventures.VIEW CBRE's BEST PROPERTIES NOW

Formed in 2015 as the holding company of Kingsland Malaysia and Kingsland Cambodia, Kingsland Global (ASX: KLO) specialises in commercial and hospitality property development across Asia.  Tracing its origins from Kingsland Development, which has over 37 years of experience in the property development scene in Singapore, Kingsland Global is excited to extend its property development expertise to more territories around the globe - none less than Cambodia. Entering a joint venture with a Cambodian partner, Kingsland Global is proud to announce its entry into the Cambodian property market. “We are extremely pleased to partner with Kingsland Global in this joint venture which we believe will lead to many dynamic projects now and into the future. Bringing their own brand of professionalism and strict adherence to safety standards, Kingsland Global’s values and culture – such as their daily toolbox meeting that kicks off every working day with a stringent safety check on site - will help to raise market standards across the board and greatly add value to the local community,” as said Mr. Pheap Horng, Chairman, CamTrip Investment Co. Ltd., Kingsland's Cambodian JV partner. Jeremiah Lee, Managing Director of Kingsland Global, stated that,“Kingsland Global is particularly excited by the possibilities and opportunities that the Cambodian property market opens to us. With its fast-growing economy and promising prospects, we are confident of harnessing the benefits of Cambodia’s favourable investment climate to deliver high quality commercial and hospitality development projects in the local property scene. We believe our commitment to quality and excellence will allow us to capitalise on the limitless potential the Cambodian property market offers, especially at this point of time when it is still entering its early stages of development.” Infusing value and lifestyle in all their projects, Kingsland Global has demonstrated its standard of excellence through quality projects across Asia. Kingsland Global is currently embarking on more exciting commercial projects that will allow the company to share their expertise and dedication to property development with all partners and clients. Ensuring trust and reliability remain the cornerstones of their corporate integrity, Kingsland Global strives to be Asia’s leading integrated property developer by bringing these values into the Cambodian market and every region that they expand their expertise to. Kingsland Global is proud to announce some upcoming projects in Phnom Penh. To be operated by the acclaimed hotel operator, Wangz Singapore, 228 Oknha Peich is a 13-storey boutique hotel located in Khan Daun Penh which houses many historical monuments. Slated to be completed in the 2nd quarter of 2017, this stylish hotel is equipped with multiple facilities and looks to provide tourists and business travelers with a luxurious home away from home. Another upcoming iconic development, One18 Residences is a luxurious 24-storey apartment providing quality living and hotel-like amenities right in the heart of Phnom Penh city. Look forward to a first-class residential experience like none other when the project is completed soon. For more info on Kingsland in Cambodia, please get in touch with Kingsland (KH) Development Co Ltd, #34, Street 200, Sangkat Boeung Raing, Khan Duan Penh, Phnom Penh, Cambodia (Tel) +855 77 3399 20, (Fax) +855 23 2217 07/08 or Kingsland Global Headquarters (Singapore); (Tel) +65 6362 8998, (Fax) +65 6363 7031; or email info@kingslandglobal.sg

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Governor Socheatvong confirmed that the Phnom Penh municipality will install 600 security cameras across the capital over the coming 6 months. In addition, more than 69 hectares of gardens and trees will be entrusted to a private company, removing the responsibility of matainance from City Hall. Phnom Penh Governor Socheatvong, through Facebook, pointed out that, in addition, the lights illuminating these public areas (more than 11,000 bulbs) will be switch to LED lights, and responsibility over this task and replacing all lights will likewise be entrusted to the private company.

Cambodia remains a relatively untapped market for many, offering substantial upsides to foreign or local investors looking for green field investment opportunities. Hence, investors with foresight are increasingly identifying Cambodia as the next boom economy in the Southeast Asian property market. MCC International Corporation Ltd, a Chinese state-owned company which ranked 326th in the world’s largest companies in 2015, and 10th in the Engineering News Record’s Global Top 225 Contractors, recently set up a subsidiary in Cambodia, acting as chief and sole constructor, and strategic partner, for J & L Property Development and their latest project in Russey Keo: SkyTree Condominium.CLICK HERE TO INQUIRE TODAY Mr Chen Shaochun, President of MCC International Corporation Ltd, at a recent press conference in Phnom Penh, stated that “Cambodia is exhibiting the correct economic growth indicators, investment incentives and political stability to allow us to enter this market in a real estate related faculty. And these same qualities are appealing to many other Chinese and International property investors.” Mr Scott Wu, CEO of J & L Property Development concurs, mentioning that “our development company’s investment timing is perfect to enter the Cambodian market in 2016. The Government is stable; the economy is showing impressive but sustainable growth across the board; the nation's infrastructure and logistical networks are developing out of sight; and consumer tastes in the city are fast changing to high-end, convenience-driven, high-rise real estate. Those buyers who look to quality projects such as SkyTree Condominium now will realise their investment was extremely smart five years into the future when Cambodia truly comes of age.” For investors seeking stability, Cambodia is now able to meet international expectations. The current head of government — Prime Minister Hun Sen — has been in charge for more than 25 years; and, in fact, Hun Sen now represents the longest standing non-royal leader in Southeast Asia. CEO of Eastland Development, Sam Yang, said that, “Three things are clear to me: Firstly, the next great international economic boom will happen within the ASEAN countries. Secondly, out of the ASEAN nations, Cambodia has demonstrated itself to be within the top 3 in regards to political stability. Meanwhile, thirdly, in Cambodia investors can still trust in the US dollar – this is unique.” Rami Sharaf, Member of International Advisory Council, APCO Worldwide, and a well-known advocate for the Cambodian market, says that, “the major attraction for foreign investors considering whether they should invest in Cambodia is the ASEAN-member nation’s steady economic growth; phenomenally steady growth: 7.5 per cent average for the last 5 years, year on year. This puts Cambodia as the number 21 worldwide in growth, and number 1 in the region.” Due to its membership in ASEAN, Cambodia has access to the ASEAN Free Trade Area. The ASEAN countries have 625 million people and are a less mature macro-market, providing vastly more opportunity for growth. If ASEAN were a single country, it would have the seventh largest economy in the world, after the US, China, Japan, Germany, France and the United Kingdom.  Additionally, Cambodia has been designated one of the Least Developed Countries (LDC), which gives it preferential access to both the European and North American markets. Why invest in Cambodia? Learn more. Importantly also, Cambodia is midway between China and India. Very recently, India displaced China as the world’s fastest growing economy. Due to its location, Cambodia has excellent geographic access to both of these huge markets. The wealth of the future is practically guaranteed to be determined by who has access to the Chinese and Indian markets. In 2010, the China–ASEAN Free Trade Area (CAFTA) became a reality, giving member nations access to a trading block of 1.7 billion people. ASEAN also has an agreement with Australia and New Zealand that creates yet another free trade area in the other direction (AANZFTA). Additionally, talks are under way between India and ASEAN, which could create a similar trade block. Those seeking pure investment opportunities are offered a unique proposition in the rising market of Phnom Penh; which is exhibiting appreciation growth impossible in the developed markets that property investors have traditionally targeted. According to Knight Frank Cambodia’s Cambodia Real Estate Highlights 1H2015 Report, “land prices in Phnom Penh have increased by as much as 80 percent since 2010, with a forecast of a further 25 percent increase for 2015.” Yang also cites the “One Belt One Road” initiative, saying that plans for a regional Chinese railway in the coming years will only aid Chinese investment in Cambodian real estate. “Thus far,” continues Yang, “the Cambodian real estate market has only attracted relatively small investment pools, in comparison to international and mainland Chinese standards of major investments. Generally, new real estate investments in Cambodia are valued at around five to ten million dollars only. The larger real estate investment funds of 200 to 600 million dollars have not yet come to Cambodia – but they will soon.” With Singaporean architectural design, Sky Tree Condominium rises 32 storeys above Phnom Penh. Uniquely, 40% of the total complex is dedicated to exclusive public facilities such as rooftop gardens, helipad, medical clinic, sky bar, gym, spa, international brand shopping, ample car parking, business facilities, and much more. Furthermore, Sky Tree Condominiums unit size is well suited to a a family who needs extra space - you will have all the room you need to invite extended-family to stay with you in your new condo home. This makes it perfect for Khmer and expat families looking to move into a better standard of living within the inner-city. Don't miss out on your chance to improve your families' quality of life - with monthly payments starting from just $333 per month, and a minimum 10% deposit on signing. CLICK HERE TO INQUIRE TODAY

Over the last few years, the Cambodian real estate market, and in particular Phnom Penh, has seen huge growth.In 2015 alone, overall property prices in Phnom Penh rose to an amazing 26.2 per cent. This is according to a report released by global property consultancy, Knight Frank.It’s an impressive feat, considering that it is higher growth than any other city in the Asia Pacific region. Phnom Penh came in just a little bit behind the success of Tokyo in terms of rise in land values within a greater region. But properties like condominiums, despite sales, remain one of the most misunderstood property types in the Kingdom. This is echoed by a statement made by Chrek Soknim at the first annual Real Estate Market & Outlook Conference 2016 (REMOC2016).Soknim explains that the “condominium isn’t a nascent market anymore in Phnom Penh. It’s been here now for over eight years, yet there are still many things for developers, buyers and key players to carefully learn in order to get quality market insights, and shift their focus to the right paths forward for this real estate subsector.” One such factor that developers should consider is the cultural and generational gap of Cambodian society, especially if you are entering its real estate market from an outside perspective. Cambodians prefer to live with their extended families in residential landed homes.This makes condominiums more of a tough sell in the Cambodian context, Soknim laments. This is a sentiment that In Sitha, Business Development Director at VTrust Appraisal, also shared, stating that, “developers must conduct thorough market surveys before beginning any project in Cambodia if they want to guarantee that there will in fact be sufficient demand for their end real estate product.”What works in the property developer’s home market, will not automatically work in the Cambodian context, it seems. Though Soknim, in his presentation at the REMOC2016, is optimistic as he explains that the younger generation of Cambodians are now more open and understanding of why condos make for better investments than residential homes: "So far, our own people, they don't want to live in condos." He continues to say, "but the young generation, mostly the people who go to foreign countries, they are aware and understand about the benefit of condos."The second factor developers can monitor is the Kingdom’s general economy where banks take collateral that charges 100 per cent of the property value. Home loans for relatively expensive condo units, therefore, fall outside the reach of many Khmer buyers. The same applies to high starting deposit rates of 30 percent and upwards. This is leading to an increasing trend of developers working in close partnership with local and international banks to provide realistic payment plans and loan criteria, more and more tailored to the local market requirements.A third factor to consider is the ratio between local and international interest in these types of properties, especially with luxury condominiums. Soknim explains that what developers should come to terms with is the fact that 80 per cent of the condominium developments are usually purchased by foreign investors and only around 20 per cent are purchased by the locals.This is why buildings can have a thousand units yet at the same time seem empty. It is important to note that based on legislation passed several years ago, the strata title law of 2010, foreigners can own up to 70% of the property as long as that ownership does not extend to the ground floor. This is good news for foreign investors and local businesses who can utilize this to their advantage by buying property in Cambodia, and moving businesses into the US-dollar based economy. As Fitzgerald explains, “given the political instability [in thailand for example], the worry of the [Thai] currency; is meaning a lot of the medium to lower funds and foreign investment funds are actually moving their headquarters from Bangkok to Phnom Penh.”It is also important to note though that there are sometimes instances where units are not purchased with intent of occupancy by pure investors. These are purchases made for appreciation benefits or as means to safeguard finances.While the Kingdom of Cambodia still has a lot of policies to polish and lessons to learn, these indicators, along with the rising wealth of statistics and data brought about by Phnom Penh’s globalization efforts, can serve as an analytical tools for potential investors and developers who wish to delve into the real estate and condominium industry.Want to know more about Cambodia's property market? Search through our news section for more updates!

Despite a troubled recent history, Cambodia has been growing consistently in terms of economic growth over the last 10 years. Today, in 2016, Cambodia is now among the front-runners of the emerging economies of Southeast Asia. By focusing on a new industrial policy of Cambodia, this growth may continue and bring broader benefits to the country. But how will the nation’s economy and industrial footprint diversify in skills and products to allow it to maintain this growth into the coming decade? And as importantly, how will Cambodia offer the lower economic sectors of society genuine opportunities to share the new wealth of the nation?It is said in the Asian Development Outlook for 2016, of the Asian Development Bank (ADB), that Cambodia’s GDP had increased by approximately 7 percent since the year 2013; and has been projected to maintain that rate through 2017.Along with data confirming the growth in the Kingdom’s GDP in its three-part discussion, the Asian Development Outlook 2016 also notes that “Cambodia’s large supply of inexpensive, low-skilled labor has attracted substantial foreign direct investment into the production of garments and footwear for export.”One of the main factors that paved the way for all of this economic growth to happen is through the country’s adaptation of the “Factory Asia” model of economic growth; which allows the deployment of inexpensive labor into the industrial sector so that investors can manufacture products to be used for export. Cambodia was able to obtain a competitive edge through this model and attracted regional manufacturing investors in droves. This was because the comparative price of labor gradually increased in other Asian countries, such as in China, while remained consistently low in Cambodia throughout the early 2000s.The majority of the working class in the country who were once in poverty had found relative success through these manufacturing jobs. This allowed multiple opportunities for them to increase their family’s monthly income and provide for their children’s well-being, such as through education and proper nutrition. A far cry from the suffering average Cambodian had once been through. Though it has been a long-fought struggle, Cambodia seems to be making progress in replicating the “Factory Asia” model and tailor-fitting it for their own culture and economy.As evidence of this, the Kingdom got the largest overall contribution to GDP from the industrial segment growth in 2015; which was 11.7 percent last year. This growth was largely because of a 14.1 percent increase in exporting merchandise; which came in during 2015 at roughly $8.5 billion. An increase of 10.2 percent was also observed in the shipment of footwear such as shoes and sandals, and garments which makes up 70 percent of Cambodia’s total exports.Although factories have helped in providing financial stability and sustainability, this sector has not represented a monopoly on Cambodia’s growth as the country entered the twentieth century. Another contributor to Cambodia’s GDP is the services industry. This industry showed a significant amount of growth; as it ballooned with a 7.1 percent increase last year. The communications sector, along with the transport and finance sectors, grew by around 8 percent. The tourism sector also saw an increase in tourist arrivals that made a 6.1 percent difference to GDP growth in the year 2015. Cambodia’s once predominant and primary sector, agriculture, is also predicted to observe growth by an increase of 1.6 percent next year.But the Asian Development Outlook 2016 warns that “while the economy shows signs of becoming more diversified within and across sectors, including garments and light manufacturing, and in export destinations, the base for growth remains narrow.” So, while Cambodia has shown much progress over the years, the nation is still in need of diversity in its economy as it becomes even more competitive with countries like Myanmar and Vietnam, frontrunners in manufacturing low-cost garments.To support this diversification process, the government offers a new industrial policy of Cambodia that aims to upgrade its industries from providing labor intensive, low-cost manufacturing to a more value-centered production system; so as to encourage the expansion of medium and small-sized entities or corporations by way of an industrial development policy that will enforce stronger regulations, better business dealings and modernization. With an inexpensive, young and fast-learning population, tech industries also seem to offer vast opportunities in the Kingdom. These industries also offer a superior quality of life, and potential for career development, than base-line industrial jobs. With this agenda taken into consideration, ADB says that the industry segment is projected to grow in the following year by around 9.5 per cent. While Cambodia has seen some triumphs in recent years, it still has many more battles to win. The world is watching while the next tiger of ASEAN grows up.

With the Cambodia economy growing more and more each year, eyes from the international community are being pulled towards the Cambodian real estate market - and for good reasons. One of these reasons is recent legislation that allow foreign-ownership of strata titled office space. But what exactly is a strata title?  Strata refers to apartments being on multiple or different levels of the same building complex. Therefore, the strata title is designed and specifically drafted for apartment blocks or buildings with multiple levels - and co-ownership rights within these buildings. This concept originated in New South Wales, Australia, but later gained popularity in Cambodia after the “Law on Foreign Ownership” was introduced back in May of 2010. This law paved the way for economic growth as it gave investors an ability to penetrate the local market and, likewise, diversify it. Up until a few years ago, there were difficulties doing that for non-Cambodian nationals. Since the legislation, the Phnom Penh skyline has grown beyond recognition as property developers have identified the opportunity to bring foreign investors into the Cambodian market via strata title. Before the advent of strata titles, property owners were now allowed to divide their buildings into multiple private properties which they could sell separately with freehold ownership rights (hard titles). But now, post 2010, foreign investors are free to own up to 70% of these properties as co-owners, provided that they only buy private spaces above the first floor. Slowly, these titles expanded beyond just residential buildings and begun to cater to the international demand for office space in Phnom Penh - which is fast becoming an ASEAN business hub. For investors foreseeing a potential oversupply of condo in the capital city, buying office space seems a less risky alternative given Cambodia’s exponential economic growth. As James Padden, Commercial Agency Manager of CBRE Cambodia, puts it when he spoke at the first annual Real Estate Market & Outlook Conference 2016 (REMOC2016), “If we look at the Phnom Penh market, I think it's important to consider the context of what causes demand for office space. So, essentially, it's driven by commerce, trade and economic growth. Without trade and business growth, there's no need for office space.” He continues to say that Phnom Penh is particularly strong in that regard. Padden offers that, “From 2010 to 2015, we saw imports grow from 6.7 billion dollars to 11.5 billion - which is a 70 percent increase. Meanwhile, exports grew from 6 to 8 billion dollars which is a 33 percent increase.” Padden also mentioned that in terms of GDP, there was an increase by 7 percent each year and the GDP per capita appreciated from $879 in 2011 to $1,325 in 2016, an incredible 50% increase in a span of only five years. As proof of a growing economy and a successful real estate industry, there are now a total of 689 condominium units announced during the fourth quarter of 2015 alone. This brings in the number of off-plan condominiums launched over the course of 2015 to a total of 7,014. Yet - on top of this - as of 2015, there are also now 5 strata-title office developments in Phnom Penh up for sale to local and international commercial property investors. As the trend grows and furthers into its development, strata-titled office spaces will account for about 25% of total office stock by 2020 - according to CBRE’s research. A key benefit of the increase in strata titled office space and residential real estate in Cambodia is the practicality of the new legislation and the amount of time it will save for buyers and sellers transferring the actual titles to new owners upon the completion of new development projects. The process is relatively simple and, at the completion of this process, end buyers have full freehold property ownership rights over that space. Strata titled office space will also allow business entities to conveniently own the properties that are part of their business expansion infrastructure in the Kingdom, which offers superior control and legal protection for their business’ assets here. It is legislation like this that offers international firms the confidence they need to take their first steps into the Khmer market. As more and more strata-titled properties enter the Cambodian real estate market, both strata titled office space and residential units, international investors can see a smooth, safe and cost efficient  vehicle available to venture and expand into Cambodian territory.

Realestate.com.kh is proud to be announced as Official Media Partner for the 2016 South East Asia Property Awards. Returning for a successful sixth year, the South East Asia Property Awards 2016 is the biggest, most prestigious and most recognised industry awards in the entire region.  Organised by PropertyGuru, Asia’s leading online property portal group, the programme serves as the grand finale for the ASEAN strand of the 11-year-old Asia Property Awards series, with the top and emerging names in real estate gathering on 23-24 November at the prestigious Shangri-La Hotel Singapore. Last year’s biggest winners included Far East Organization and UOL Group from Singapore, and Front Concept group from Malaysia, while UOL’s deputy group CEO Liam Wee Sin was awarded the coveted Singapore’s Real Estate Personality of the Year accolade. The event is also a tremendous networking opportunity for real estate professionals who would like to meet the industry leaders who are redefining the property landscape. Don’t miss this! As stated by Director of Realestate.com.kh, Mr Tom O'Sullivan, about the media partnership: "In early 2016, Realestate.com.kh created a strategic relationship with the PropertyGuru Group that allows Realestate.com.kh and our clients to leverage off the powerful network of property portals, events and related media in the ASEAN region; including PG Singapore, PG Malaysia, DD Thailand and Indonesia. The South East Asia Property Awards brings together leaders from across the region, including those from our market: the extremely fast-developing Cambodia. Partnering with the SEA Property Awards allows Realestate.com.kh and our clients to bring Cambodian property to the world stage, and of course to network and learn from the region's industry leaders."WANT TO FIND OUT MORE?

China’s wealthy are increasingly showing a big appetite for investing in real estate out of their home country, and while traditional international markets such as Australia and the US remain popular, Cambodia is beginning to attract the attention of China’s elite.More than 65 per cent of China’s high-net-worth individuals spent upwards of $462,000 on overseas property and real estate investments in 2015, according to that year’s Knight Frank Wealth Report.China’s hunger for owning international property has gathered pace within the last few years. According to Knight Frank, Chinese outbound real estate investment totalled $5 billion in 2010, increasing to $52 billion in 2014. By 2020, the firm predicts this figure will reach $220 billion.The reasons for this international real estate investment seem relatively simple.According to juwai.com, China’s online international property portal which introduces mainland Chinese buyers to international real estate opportunities; a mixture of investment opportunities, emigration, education and, to a lesser extent, lifestyle are the main reasons for China’s obsession with owning overseas property.Speaking at Juwai’s Global Developer Summit in Beijing in April, company chief executive Charles Pittar said the ability to own freehold property remained an attractive proposition for Chinese investors.“The value of international property is increasingly preferred over domestic property, as appreciation rates plateau in most major Chinese cities,” he said.“There is a perception among Chinese investors that overseas property investment is more stable than the Chinese market.”With Chinese outward tourism remaining the largest and fastest-growing tourism market in the world, travel continues to open China’s eyes to real estate investment outside their borders.“By 2020, it is predicted that 234 million outbound Chinese travellers will splurge $422 billion abroad,” Pittar said.As tourism flows, business connections and incentives for Chinese investors could flow through to Cambodia.While Cambodia may not yet be a popular emigration or education destination for most wealthy Chinese, those seeking pure investment opportunities are offered a unique proposition in the rising market of Phnom Penh – which is exhibiting appreciation growth impossible in the developed markets that Chinese investors have traditionally targeted.Chinese state-owned MCC International Incorporation recently set up a subsidiary in Cambodia.Chen Shaochun, president of MCC International Incorporation, spoke of Cambodia’s appeal to Chinese investors at a recent press conference in Phnom Penh.“Cambodia is exhibiting the correct economic growth indicators, investment incentives and political stability to allow us to enter this market in a real estate-related faculty,” he said.“And these same qualities are appealing to many other Chinese property investors.”CEO of Eastland Development, Sam Yang, said Chinese investors could rely on the US dollar in Cambodia, making it an attractive destination to invest capital.Yang also cited China’s “One Belt One Road” initiative – wherein Cambodia is a part of China’s elaborate plan of land and sea connections to the rest of Asia, Africa, and Europe – saying that plans for the Chinese railway in coming years would only aid Chinese investment in Cambodian real estate.Interested in learning more about Chinese investment? Check out our article: Chinese investors dominate the real estate market in SihanoukvilleLooking for real estate for rent in Cambodia or real estate for sale in Cambodia?

CBRE's Phnom Penh Q1 2016 MarketView has just been released! Chris Hobden, Manager of Research, Consulting & Valuation Services at CBRE Cambodia said that, “The Phnom Penh property market witnessed a significant increase in development activity over the first quarter, with investment in construction and residential project launches up 267% and 61.6%, year-on-year, respectively. Land prices appreciated by an average of 4.8% over the first quarter across Phnom Penh’s six principal districts. Notably, prices in Chroy Chang Va district rose by 8.8%, bringing its total land price appreciation to 208% since Q1 2010, driven by a combination of infrastructure improvements, local development activity and the continued expansion of the city’s core.”In summary:Land prices across principal districts appreciated by an average of 4.8% over the first quarter, with land prices in Chroy Chang Va and 7 Makara districts rising by 8.8% and 8.3% Q-o-Q, respectively.A total of 4,158 condominium units, across 8 projects, announced over Q1, representing a Y-o-Y increase of 61.6%.Average sales and rental prices broadly appreciated over Q1, with the exception of shopping mall rents, due to challenges faced by ageing retail stock in the context of upcoming supply.Limited new supply came on-stream over Q1, with 3 office buildings collectively adding 17,260 sq.m of leasable space to modern Phnom Penh stock.US$1.65bn invested in construction over Q1, compared to US$448m in Q1 2015, representing a significant Y-o-Y increase of 267%.Find out more: Download the full report!

HLH GROUP EXPANDS AGRICULTURAL FOOTPRINT IN CAMBODIA BY UPGRADING ITS EXISTING 10,000-HECTARE FARM INTO A FULL-SCALE AGRICULTURE PARK: Camfarm.SGX Mainboard Listed HLH Group, had successfully upgraded its existing 10,000-hectare farm in Aoral District, Kampong Speu Province in Cambodia to become a full-scale Agriculture Park, which covers the cultivation and processing of cassava (Tapioca) into cassava chips or cassava starch. It will also have an area to attract international investors with interest in husbandry and livestock assets to set up farms in the new park. The new cassava starch production factory at the site was completed last week. Known as Camfarm.FIND OUT MORE - contact HLH Group now!Meanwhile, the company’s first starch production line which was completed in the first week of April 2016 will produce 120 tons of cassava starch daily starting from this week. Production levels are expected to increase to an estimated 150 tons per day and will hit about 35,000 tons of cassava starch annually by the end of this year. Most of these cassava starch will be exported. The current market value of cassava starch is around USD360/ton.“With the new 10,000-hectare agriculture park in place, we can scale up our production significantly through the supply of cassava products. We are also looking forward to attract and partner with global investors with a robust appetite in the agricultural sector. With the right infrastructure such as the well-equipped deep-water sea port of Sihanoukville for exports, agricultural equipment and production facilities, we can enhance the yield of our plantations as well as raise both production quantity and quality,” said Dato Dr Johnny Ong, HLH Group’s Deputy Chairman and CEO.“HLH Agriculture (Cambodia) Co. Ltd is also planning to initiate programmes for contract farming and provincial collection center to raise the competitiveness of Cambodian farmers and at the same time provide new employment opportunities in the country by enabling more Cambodians to become self-employed in the fast-growing agriculture industry,” he added. By end of this year, the Agriculture Division expects to export 50,000 tons of both cassava starch and cassava chips. The ultimate target is to export 1 million tons of both products in the near future.Meanwhile, the company has also unveiled a new plan for an integrated Agriculture Food Processing Park to be named CAMFARM on a 400-hectare plot of farm land acquired in 2008. It is expected to be completed in year 2017. The company will be actively sourcing for strategic international investors in food processing industry to set up their assets in this park. THE FIRST AND ONLY AGRICULTURE PROCESSING HUB IN CAMBODIA, BROUGHT TO YOU BY HLH GROUP. We are offering to any investors an opportunity to join us and explore this project of 400-hectare plot of farm land.FIND OUT MORE - contact HLH Group now!AGRICULTURE PROCESSING HUB WITH THE SINGARPOREAN STANDARD:Can fruit processing factory. Can food processing factory.Dried fruit processing factory.Vegetable processing factory.Bio-gas Industry.Water treatment plant.Rice industry.Restaurant, food outlet & Entertainment places…etc.Animal farm, such as: Pig farm, Cow farm, Goat farm, Chicken farm, duck farm..etc.Manufacture of food processing industry.Fruit planting, such as: Banana, Mango, Coconut, Grass for cow feed, Sesame, Maringa plant, Vegetable etc.Bee Keeping.Fish Farming. Fruits and Vegetables Export.Fruit juice-Jam-Jelly Production.Groundnut Processing.Cashew-nut Processing.Potato Chips Production.Agro-Farming Blogging.Hotel (Farm Resort stay).Shop house.New expressway.Bank etc…Going forward, HLH plans to add another two production lines in 2017 which will raise its daily starch production capacity to 600 tons. The cost of the new production facilities is estimated at USD10 million and will be funded by financial institutions and potential joint investors.FIND OUT MORE - contact HLH Group now!

Cambodia’s most outstanding mixed-use development is soon to overlook the Mekong River with three 55-storey buildings, set for completion in 2020. The two towers of The Peak will be reserved for residential uses, while the third commercial tower will be the home of 20-storeys of the world-renown Shangri-La hotel, with 35-storeys of Grade A office space below it.With the upcoming ASEAN Economic Community, increasingly international corporations are entering the Cambodian market, and high grade office space and luxury residential units are rising in demand every month. Over 50% of registered companies in the Kingdom are majority foreign owned, and this trend is set to continue as Cambodia rises as an interconnected manufacturing, resource, agriculture and logistics hub for regional firms looking to expand, outsource or diversify. With an additional 5-storeys of prime retail space, The Peak also caters to Cambodia’s rising middle class, who are proving to have a taste for shopping and international brands.The developer is the renowned Oxley-WorldBridge Cambodia, a joint venture between Singaporean-based Oxley Holdings and WorldBridge Land Cambodia, which first launched in Cambodia in 2013. Oxley-Worldbridge’s The Peak is the second major residential development undertaken by the conglomerate.The Bridge, the joint venture’s first Phnom Penh project, marked a turning point for the entire Cambodian’s property sphere. With the release of The Bridge, the world took notice of the Cambodian market, the huge project bringing a new standard of construction and architectural flare to the capital.The Bridge, coming online in 2018, has now sold 96% of the projects 762 apartment units and 71% of 963 SoHo units. The Peak is perfectly located minutes walk from Phnom Penh’s largest AEON Mall, Nagaworld 1 & upcoming Nagaworld 2, and just 2 minutes drive to Business Convention Centres on Diamond Island. And of course, the 5-Star Shangri-La Hotel will be right next door.Don’t miss your chance to own a slice of Cambodian history; get in touch with The Peak’s friendly team today!

Within the confines of Cambodia, there lies a paradise known as Sihanoukville, the nation’s premier beach town. For years, this gem was overshadowed by the interest of tourists who only visited Cambodia for a few days to experience the temple complex and Angkor Wat in Siem Reap. However, with an eye for great investment opportunities, the developer Camhomes – part of the Singaporean Corporation, the HLH group – looked in the opposite direction toward the majestic views of the Sihanoukville coastline. This prompted the conceptualization and the progressing construction of D’Seaview, one of Cambodia’s grandest property investments. FIND OUT MORE ABOUT THIS OPPORTUNITY NOW!Standing tall with a 28-storey foundation, this project offers buyers a flexible finance scheme for purchase. With interest rates starting from only 9% per annum for up to 25 years, Maybank gives you the chance to own not only your own modern beach condo in Sihanoukville, but a chance to own part of Cambodia’s beautiful skyline. Not only that, but Maybank will allow you to loan up to 70% of the property purchasing price for local Cambodian and up to 50% for international buyers.  Even with its state of the art facilities and Singaporean-inspired design, Camhomes – through its unique partnership with Maybank – still allows third party guarantees and accepts soft title deeds with no loan approval fee, no renewal fee and no amendment fee.   A well-equipped gym and lap pool will be available for those who need their daily health fix; and D’Seaview will also provide 24-hour manned security for individuals and families alike. A 24-hour car park for residents and guests, with ample space, is ideal for those who planned to extend their hours into the morning. FIND OUT MORE ABOUT THIS OPPORTUNITY NOW! Peaceful gardens also await investors as they make their way through to their units, ensuring fresh and breathable air. Walk paths along the waterfront property will also provide them ease of access and an enjoyable sightseeing experience as they look upon the great architectural design of the buildings surrounding them. The modern and eco-friendly aesthetic and function of D’Seaview definitely takes into consideration the livability of this project - for each and every beach condo. That’s why it also has a playground, so that the whole family can enjoy. And when you don’t feel like going to the beach, you know that you always have the option of staying in the confines of Sihanoukville’s first ever mixed use development where it will always feel like home. Don’t worry though, the beach and views are not the only things that make this piece of Sihanoukville worthwhile. It also boasts of a convenient and strategic location where international and traditional Khmer dining is available just a few minutes away from your unit for when you decide that you’re just too tired to cook. And if some partying and retail therapy is your idea of fun, bars, discos, night markets, spas and shopping plazas are just a few minutes away.  So, you see, there’s no shortage of things to do in Cambodia, especially in the town of Sihanoukville. Whether you want to get a tan or immerse yourself in local culture, D’Seaview by Camhomes will get you that perfect balance. If you’re retiring, moving to work in Sihanoukville or just looking to start a new phase of your life, why not consider this as an investment property for a beautiful future that just so happens to come with a beautiful view as well?FIND OUT MORE ABOUT THIS OPPORTUNITY NOW!