Realestate.com.kh enters into a strategic partnership with Beike Realsee to bring cutting edge technology to Cambodia’s property sectorPhnom Penh, Cambodia - Australian-based Digital Classifieds Group (DCG), the company behind Cambodia’s leading real estate platform Realestate.com.kh, has entered into a strategic partnership with one of the world’s largest property technology companies, BEIKE·REALSEE.DCG is a rapidly growing digital marketplace business with operations in Cambodia, Laos, Papua New Guinea, and Fiji, while BEIKE·REALSEE Inc is a global property technology pioneer.The new collaboration with BEIKE·REALSEE will commence with technology sharing and expand over time to include other aspects of the property ownership journey such as marketing and sales.The first product launched in collaboration with BEIKE·REALSEE is the company’s Virtual Tour technology developed by the firm’s Realsee division. Realsee’s Virtual Tour product facilitates high-quality, low-cost virtual tours for the benefit of property developers, agents, and most importantly, property seekers.BEIKE·REALSEE’s self-developed Galois Laser VR Device has already won the Red Dot Design Award for its outstanding performance and superb product design. The three-dimensional rendering, scale, and room details allow online VR viewings that are comparable to real-world viewings.Tom O’Sullivan, CEO of Realestate.com.kh, said the company is excited to add to their range of cutting-edge technology and continue working with market leaders within South East Asia.“Realestate.com.kh and Beike have the vision to transform the property ownership experience leveraging technology, and BEIKE·REALSEE are the clear global leaders in this endeavour. This world-first partnership will bring tangible improvements for property seekers on the Realestate.com.kh platform, ultimately bringing huge benefits to our real estate agent and property developer customers. It will also help Beike better understand the Cambodian market and allow Realestate.com.kh to gain valuable experience from a global PropTech leader. We are very much looking forward to working together.”“Realestate.com.kh is at the forefront of adopting technology and using virtual reality for marketing; Realsee’s virtual site visits will bring our user experience to the next level. Given the pandemic, customers often feel safer viewing properties remotely, the VR showcases allow us to work effectively with local and international clients whilst still delivering ultra-immersive property viewings,” said Tom O’Sullivan.Brett Hartley from BEIKE·REALSEE division noted “The partnership represents a unique opportunity to accelerate the digitisation of real estate services in emerging markets by tapping into DCG’s near unmatched reach across the Asia-Pacific.” Adding that “Placing technology and transparency at the core of property transactions and is fundamental to both companies’ business models. We are excited to see this partnership develop.”The strategic MOU further strengthens Realestate.com.kh's market-leading position with the company also signing a Memorandum of Understanding with market-leading tech-enabled real estate brokerage the FazWaz Group for the Cambodian property market in November 2020.Schedule a test for Realsee VRAbout Digital Classifieds Group (DCG)DCG owns a portfolio of South East Asia and the Pacific’s leading and fastest growing online marketplaces. Since its founding in 2013, Digital Classifieds Group has built the dominant real estate and general marketplaces businesses in Cambodia, Laos, Papua New Guinea and Fiji.DCG has attracted investment from a range of equity partners, including Mekong-based Belt Road Capital.For more information, please visit DCG’s official site: http://digitalclassifiedsgroup.comAbout Realestate.com.khEstablished in 2009 by Cambodian National Moek Chenda, Realestate.com.kh has grown to be the leading real estate platform and marketing company in Cambodia, working with the nation's leading real estate agencies, developers and lenders. In 2015, Australian-based DCG partnered with Moek to develop the business rapidly.The platform, available in Khmer, English, Chinese, French and Thai languages, has over 30,000 properties for sale and rent, and tens of thousands of property hunters visiting the website and app each month.For more information please visit their official site: http://realestate.com.khAbout BEIKE·REALSEEKE Holdings Inc. is a leading integrated online and offline platform for housing transactions and services. The Company is a pioneer in building the industry infrastructure and standards in China to reinvent how service providers and housing customers efficiently navigate and consummate housing transactions, ranging from existing and new home sales, home rentals, to home renovation, real estate financial solutions, and other services. The Company owns and operates Lianjia, China’s leading real estate brokerage brand and an integral part of its Beike platform.With 20 years of operating experience through Lianjia since its inception in 2001, the Company believes the success and proven track record of Lianjia pave the way for it to build the industry infrastructure and standards and drive the rapid and sustainable growth of Beike.

There are multiple documents to prove property ownership in Cambodia. Some apply to residential property while others are more catered to large development projects. As a property buyer, it is important to know the basic differences between them to save yourself headaches in the future!The Most Important Property Ownership Documents in Cambodia:1. Certificate of Ownership over Immovable Property a.k.a. Hard TitleThis property ownership title is the strongest form of ownership in Cambodia. Only available to Cambodian citizens, this title is recognized on a national level. It contains a QR Code that leads to information about the property and may contain information including GPS coordinates of boundaries.2. Strata TitleStrata Title is a nationally recognized form of property ownership applicable to private units of co-owned buildings such as condos and office buildings in Cambodia. This is the only property title wherein foreign nationals can be the direct property owner.3. Certificate of Perpetual LeaseThe Certificate of Perpetual Lease is a title issued by the Ministry of Land Management, Urban Planning and Construction (MLMUPC) usually for the purposes of land development.4. Letter of Transference of Possessory Right over Unregistered Property a.k.a. Soft TitleThe Soft Title is another property ownership title similar to Hard Title but is only issued by local authorities. Although a valid document, it is highly advised that owners of this title convert it to Hard Title for it to be recognized on a national level and prevent unwanted disputes in the future.5. Certificate of Economic Land ConcessionThe Certificate of Economic Land Concession is another ownership right issued by the government through the MLMUPC for the purposes of land development usually made by large conglomerates in Cambodia.6. Certificate of Perpetual Lease over Private UnitThe Certificate of Perpetual Lease over Private Unit is a form of ownership for long-term tenants in co-owned buildings such as condominiums or office buildings in Cambodia.7. Certificate of UsufructThe Certificate Usufruct is a legal form of ownership given to a person, group, or entity that allows them to utilise and derive benefits (including monetary) from another’s property.8. Immovable Property Lease ContractThe Immovable Property Lease Contract is a written document outlining the terms of the property lease made between the owner and the lessee. This contract gives the lessee the formal right to occupy and utilise the leased property in accordance with the terms of the contract.9. Government DocumentThis can be in the form Prakas, Decree, or Sub-decree issued by government ministries. This document is usually awarded to either public or private entities and serve as nationally recognized forms of land ownership in Cambodia.10. Certificate of Common OwnershipThe Certificate of Common Ownership is a unique form of property ownership as the document grants rights to a community and not an individual. The title contains specific information on the community’s name, as well as information on the property’s location, size, boundaries and its usage.These are the most common forms of property ownership documents in Cambodia. If you are someone looking to own property under special circumstances, do not hesitate to reach out to our property advisors.Property Concierge Service

Faster. Greener. Unique. The second step in the Trident Brand’s electrification.Maserati Cambodia successfully launched the new Maserati Levante GT Hybrid last week at the Maserati Showroom. Business personalities joined the event and became part of the history of the Maserati Brand Evolution. Guests witnessed the arrival of this powerful new idea of the future in the Kingdom of Cambodia.After Ghibli Hybrid, Levante Hybrid is the second phase in Maserati’s strategy for electrification, which is projecting the Trident Brand into the futureLevante Hybrid is “Faster. Greener. Unique”: faster than diesel, more sustainable than diesel or gasoline, and unique in its specific characteristics.The Brand’s approach to hybrid propulsion focuses on both performance and fuel saving.Levante Hybrid combines the 4 cylinder, 2 litre engine with a 48-volt Hybrid system to recover energy during deceleration and braking.The unique Maserati sound is unchanged.Both the exterior and the interior are characterised by blue details, the colour chosen to denote the Brand’s hybrid models.Latest generation MIA (Maserati Intelligent Assistant) multimedia system based on Android Automotive contributes digital content and an innovative User Experience.Levante Hybrid has been available in Europe since June 2021Modena, Italy - The Future Is Now: Maserati continues to fuel the spark of electrification and projects it into the future, presenting the Levante Hybrid, the Brand’s first hybrid SUV.After Ghibli Hybrid launched last year, Levante Hybrid is the second phase in Maserati’s electrification strategy, which will involve the electrification of all its new models. A decision driven by the evolving market and the Brand’s determination to lead the field in every area of innovation. Maserati is innovative by nature.  With Levante, it continues to pursue the philosophy behind its entry into the world of electrification: the aim of improving performance while keeping true to the Brand’s values, raising performance and luxury to new heights. The result is a hybrid SUV that retains the distinctive sound of every Maserati.The arrival of the new Levante Hybrid thus expands the Maserati range, which is now even more competitive, innovative and responsive to the market's demands.Why Mild Hybrid?Levante Hybrid combines the 4 cylinder, 2 litre engine with a 48-volt Hybrid system that recovers energy during deceleration and braking. Staying true to its DNA, Maserati has chosen a hybrid solution that aims above all to maintain performance at exceptional levels, while also saving fuel. The results achieved are excellent: even greater performance with less fuel consumption.  The same brilliance of the engine and performance level of the gasoline V6 are retained intact but fuel is saved, making Levante Hybrid even more efficient than the Levante versions equipped with the gasoline or diesel V6 engines. Levante Hybrid offers the driver a car that is fun to drive, with the genuine Maserati sound. It squares the circle by delivering the smooth response of a 6 cylinder engine with the low-rpm torque of a diesel.  The hybrid system provides the same pickup as the diesel version together with the power output and acceleration of the 350 hp V6 gasoline engine, all combined with an impressive reduction in CO2 emissions, cut by 18% compared to gasoline and by 3% compared to diesel according to WLTP data.The Maserati 48-volt hybrid system has four parts: BSG, battery, eBooster and a DC/DC converter. The BSG (Belt Starter Generator) does the job of an alternator, recovering energy during braking and deceleration and charging the battery in the boot, which in turn powers the engine's eBooster. The reason for installing an eBooster on the car is to back up the conventional turbocharger, working in tandem with it, to sustain the engine's power output at low rpm. The hybrid system's operating strategy ensures that the eBooster is always available, via battery or BSG, whenever it is needed. The BSG and eBooster combination also provides an extra boost when the engine reaches peak rpm in Sport mode, at which point you can fully enjoy the performance benefits, while in Normal mode it balances fuel consumption and performance.In the Levante Hybrid, everything is designed to deliver the very best performance.  The hybrid car weighs less than the 6 cylinder engine equivalent, and above all has an even better weight distribution since the engine is front-mounted and the battery is placed in the rear, without compromising the load capacity and optimally balancing the vehicle masses. This design allows the Levante Hybrid to be even more agile and fun to drive.The internal mechanical components of the 2 litre 4 cylinder engine, already installed on Ghibli Hybrid, were developed through in-depth engineering work at the Maserati Innovation Lab in Modena, to achieve greater torque and enable the turbocharger and eBooster to deliver even more power. The engine's electronic control system also changes completely with a switch to a Bosch new-generation ECU. The engine is built at Termoli, Italy.Thanks to a maximum power output of 330 hp and torque of 450 Nm delivered from just 2250 rpm with value up to 90% since 1750rpm, the performance data of the new Levante Hybrid, only available with all-wheel drive, is very impressive: top speed of >240 km/h and acceleration from 0 to 100 km/h in 6 seconds.  Levante Hybrid’s power output is the same as that of the V6 gasoline version, and better than the diesel. It has more boost than the diesel version, with 165 hp/l (also higher than the gasoline version), and above all it slashes CO2 emissions to 231-252 g/km in the WLTP cycle, as well as a fuel-saving of more than 18% compared to the 350 hp V6 version while maintaining the same level of performance.The Maserati SoundLevante Hybrid is still in every respect the “Maserati of SUVs”, including its sound, which, in spite of the hybrid propulsion, is the distinctive growl of every Trident Brand model. The sound is achieved without resorting to amplifiers, by just tweaking the fluid dynamics of the exhausts and adopting resonators, tuned to deliver the trademark sound.  Anyone on board a Maserati hybrid must still hear the unmistakable roar of a Maserati engine.Levante Hybrid: Distinctive External and Internal Features The Levante Hybrid will be introduced in a new metallic tri-coat blue colour called Azzurro Astro; this colour will be available in the Maserati Fuoriserie program. Moreover, the Levante colour assortment will add for hybrid versions the Grigio Evoluzione, already presented for Ghibli Hybrid. Some details are in cobalt blue, the colour chosen to identify hybrid cars, already used by Maserati to denote the Ghibli Hybrid. On the exterior, blue characterises the three iconic side air ducts, the brake callipers (optional) and the C-pillar logo. The same blue colour reappears inside the car, specifically on the embroidered seams of the seats. For the first time, Levante Hybrid will feature a specific look with new logos. The oval logo will change, the C-pillar logo will comprise the Trident on its own, the GT badge will appear above the three side air ducts, and there will be new tailgate lettering. In the interior, the logo on the multimedia system will also be modified.Levante Hybrid Makes Its Debut in GT Trim The Levante Hybrid makes its debut in the new GT trim, with the GranLusso external styling features, and with the Sport Pack available as an optional.It will have chrome finishes on the front bumper and front grille, as already seen on Granlusso versions, and the GT badge will appear above the three iconic side air vents. GT interiors will be characterised by Standard Leather Grain A and Black Piano Trim. The full range of leather and trim upgrades of Levante will be available as optional.The Design of the “Maserati of SUVs”The design concept of Levante combines coupé lines with interior space for five people and exceptional aerodynamic efficiency. “The Maserati of SUVs” is instantly recognisable from a distance, thanks to its imposing grille. With MY21, the front had already been updated to feature the innovative front grille with tuning fork design. This front grille is chromed for the Hybrid version.Levante Hybrid is fitted with rear light clusters with the boomerang design, inspired by Maserati cars from the past and already introduced with the MY21 version, effectively refreshing the Maserati SUV’s image. To emphasise the boomerang shape, the clusters have been produced with a state-of-the-art 3K injection moulding technology, thanks to which the unit has been given a three-colour lens: black around the edge, red in the middle and clear in the bottom section.  The distinctive exterior identity is enhanced by a series of elegant chrome inserts in the front fascia, chrome front/rear skid plates, body colour rear spoiler, Cobalt Blue brake calipers (optional) and 19-inch Zefiro alloy wheels.InteriorThe interior includes the 8”4 central screen with improved resolution and graphics and above all with a visual effect that makes it look like a single curved screen with the air vents cut into it, enabling vertical reading of the whole display.In the lower part of the display, the Maserati script logo is screen-printed on the inside of the screen, for a three-dimensional effect.The instrument cluster, which includes a large rev counter and speedometer (still analogue but with updated graphics) on either side of a 7” TFT display, has a technologically advanced appearance. Effects are achieved by alternating glossy and matte blacks. The perimeter ring which contains the numbers is reflective glossy black, while the central ring containing the indicator lights is matte black. The resolution and graphics of the display between the rev counter and speedometer have also been updated; they now match those of the large central screen, with the introduction of gilded surrounds for a more distinctive, luxurious look.Q4 Intelligent All-Wheel DriveMaserati Hybrid is equipped with the architecture of the Maserati Q4 Intelligent All-Wheel Drive System, based on an electronically controlled multi-plate clutch, installed inside a transfer case linked by a driveshaft to the front axle. The system is designed to provide all the benefits of Maserati’s traditional rear-wheel drive even in low grip road conditions. The system acts by transferring traction to the front wheels on demand and with an immediate response.In normal driving conditions, the Q4 delivers 100% of torque to the rear wheels. On slippery road surfaces, or in the event of loss of traction at the rear (standing starts or very high-speed cornering), the system reacts immediately and transfers the necessary traction to the front wheels, altering the front/rear torque split from 0:100% to 50:50% in a matter of 150 milliseconds.Q4 Intelligent All-Wheel-Drive with variable torque setting is always active and responds immediately to any change in driving conditions. Although the change in torque split is imperceptible, the system’s activity can be monitored in real time on the display.A sophisticated algorithm specifically developed by the Maserati engineers provides real-time monitoring of an extensive range of dynamic vehicle parameters (wheel speed, steering and yaw angle, power output, speed and braking action) as well as wheel grip and driving style.By processing all this data, the system can maximise a dedicated grip profile for each single wheel, thus ensuring optimal management of the car’s dynamics to suit every possible road condition, at any time. The aim is to guarantee absolute driving pleasure without sacrificing safety or superlative performance.Limited-slip Self-locking Differential (LSD)The Levante Hybrid is equipped with a Limited-Slip Differential (LSD) on the rear axle. Installed as standard, it ensures optimal traction in all driving conditions. The asymmetric locking feature offers 25% lock-up under power and 35% under release.Torque VectoringThe torque-vectoring function, further developed for Levante, increases the SUV’s sportiness and driving pleasure in conjunction with the LSD and the Q4 Intelligent All-Wheel-Drive. When cornering, the system distributes more torque to the outer wheels by applying a slight braking force to the inner wheels.ChassisLevante originated with the aim of supplying the characteristics of a real all-terrain vehicle together with on-road performances worthy of a Maserati. Levante’s chassis has been designed to ensure exceptional rigidity, an extremely low centre of gravity and ideal 50:50 front/rear weight distribution while keeping curb weight down. Levante is a genuine SUV that also has the lines of a classic Maserati sports car, with great attention focussed on the elements in order to enhance performance. The chassis features extensive use of lightweight materials, for the dual purposes of reducing weight and maximising safety for the driver and passengers. The front of the chassis features an aluminum casting with a reinforced cross-strut which helps deliver outstanding rigidity in every direction, while the rear is made from heavier rolled steel to optimise strength and weight distribution. The doors, bonnet and boot are in ultra-lightweight aluminum. The car also features magnesium components (dashboard strut).Suspension ConfigurationThe suspension frame, wishbones, hub strut, towers and crossbeam reinforcement are all made of light aluminum alloy. The model retains the widely acclaimed air suspension configuration of the Ghibli, but with some significant modifications appropriate to an SUV: greater travel for off-road driving, new spring calibration to deal with rough usage, and more control of variations in camber and toe to respond to the different ride height settings. The air suspension essentially shares the same components and geometry with the other Levante models. Suspension frame, wishbones, hub strut, towers and crossbeam reinforcement are all made of light aluminum alloy, using a moulding technology that ensures greater rigidity without weight increase. In fact, in line with the tradition for Maserati racing cars, Levante has double-wishbone front suspension and state-of-the-art technology for optimal control and precise handling. The suspension towers are incorporated in the car’s chassis.The architecture of the double-wishbone system provides direct, precise steering. The multi-link rear suspension was chosen to ensure outstanding ride comfort and performance. To reduce weight, four links are in forged aluminum and one in cast aluminum.Both front and rear suspensions include an anti-roll bar, hollow at the front to reduce weight even further. A crossbeam reinforcement connects the rear of the suspension frame to the underbody to maximise structural rigidity.Air SuspensionLike other Levante versions, the Hybrid is fitted as standard with a state-of-the-art air suspension system. This sealed pneumatic system comprises four independent air springs, each with level sensor, two reservoirs mounted on the rear suspension cradle, a compressor with valve assembly, and ECU integrated in the Skyhook shock absorber control system. Apart from the obvious benefits such as enhanced ride comfort and active safety, the air suspension helps to save fuel and reduce CO2 emissions, since they allow the car’s set-up to be lowered when on the move, reducing drag at high-medium speeds.The car’s stability and set-up are further improved by the lower centre of gravity and the reduction in load transfers due to the exceptional stability even at the highest speeds. The air suspension system features six different ride levels (including Normal and Park).The driver can alter the ride height manually via the nearby rocker switch or by choosing different driving modes on the central console. The height variation from the lowest position to the highest is 75 mm – up to 85 mm with the Park level included. When the car is at a standstill, its set-up is lowered by 45 mm, meaning 10 mm more than in Aero 2 mode, to facilitate the driver and passengers when entering and leaving the vehicle. The suspension returns to Normal ride when a speed of 24 km/h is reached.The ride level varies in response to speed in order to maximise safety and handling. Thanks to intelligent mapping, the suspension automatically lowers the car at high speeds and only enables a high set-up (Off-Road mode) below pre-set speeds, typical of off-road driving.Adaptability to All TerrainsThe driving modes are designed to make Levante even easier and more exciting to drive. Normal mode is activated automatically when the car is started, while Sport and Off-Road – and Corsa on the Trofeo trim – are the driving modes that best express Levante’s dual personality, transforming it from a sporty, dynamic GT to a high-performance, comfortable all-terrain vehicle at the touch of a button.The driver can completely deactivate the Maserati Stability Program (MSP) and adjust the car’s ride level separately using the air suspension switch located above the hazard lights button. The front/rear torque split is identical in all driving modes: 0:100, which the system can modify to up to 50:50 in just 150 milliseconds.In Normal mode, the driver can choose between two different suspension set-ups: Normal or Aero 1 (-20 mm). The suspension set-up is the feature that best illustrates this car’s ideal trade-off between sportiness and comfort.When Sport mode is selected, the driver can retain the basic ride height or lower the car to level Aero 1. In this mode, the MSP offers a specific sport suspension setting and torque vectoring is active.When the driver presses the new Skyhook system button, the suspension rigidity is increased and the ride switches to Aero 1. The driver can also switch the car’s ride height from Aero 1 to Normal without exiting Sport mode or losing the sporty setting of the Skyhook suspensions.The off-Road mode can be selected by pressing the button provided or using the set-up rocker switch. The car’s ride height is increased by 25 mm and the Skyhook system’s response is modified. The car’s ride height can also be increased by a further 15 mm (Off-Road 2) to about 40 mm above the basic setting, or no less than 247 mm.Sound SystemAn 8-speaker, 180 W audio system is standard on  Levante Hybrid. The Harman Kardon Premium and Bowers & Wilkins Premium Surround Sound systems are available as options.Harman Kardon Premium Sound System with 14 speakers and a 900 W amplifier. The extra watts compared to the standard system, the black-finish grille pattern on the door woofers with HarmanKardon logo, and th 12-channel amplifier, together with a high-performance subwoofer, represent the best trade-off between sound clarity and performance.Bowers & Wilkins Ultra-Premium Surround Sound System for those who demand the finest hi-fi equipment. Maserati offers the Bowers & Wilkins Premium Surround Sound System, with 17 speakers, a 1,280 W amplifier and perfectly-configured QuantumLogic™ Surround.The Bowers & Wilkins Premium Surround Sound System features a central 100 mm Kevlar cone and three 25 mm tweeters, one at the centre of the dashboard and two on the upright. The front doors house a 165 mm woofer and 100 mm Kevlar cone mid-range speaker, while the rear doors each carry a 165 mm Kevlar woofer and 25 mm tweeter. The rear shelf has two 100 mm Kevlar mid-ranges and a 315x200 mm subwoofer.The system includes, as standard, the Clari-Fi function, which analyses compressed digital audio files such as MP3 files in real time and corrects any defects. Clari-Fi functions automatically with no particular settings required, modulating the way the sound is processed in response to the quality of the individual source signal.ADAS: Greater Safety with Active Driving AssistAlthough ADAS are valuable assets for ensuring a safer driving experience, Maserati also remains faithful to its core philosophy as a manufacturer of race-bred grand touring cars with exceptional dynamics capable of offering an unparalleled driving experience. Active Driving Assist is an evolution of Highway Assist, introduced with MY18. A “hands-on” function (the driver is required to stay in control of the car at all times), it is intended for use on any type of road as long as it is in good condition.While previous versions were only usable on highways, today it is available on any well-maintained road at speeds up to 145 km/h with the Adaptive Cruise Control system activated: it reduces driver fatigue and consequently enhances active safety by allowing the car to keep itself centred in its lane and to adapt its pre-selected speed in full autonomy.The system employs a radar unit and a forward-looking camera and works with the EPS to control the direction of the car. The multi-function camera detects horizontal road markings and calculates the distance and speed of the preceding vehicle. Highway Assist includes a radio that provides road information, and a ‘hands-on wheel’ detection system.The driver can override the system at any time.New Generation Multimedia SystemLevante Hybrid is equipped with the MIA (Maserati Intelligent Assistant) latest-generation multimedia system. The heart of MIA is the powerful Android Automotive operating system, which offers a completely new, innovative, higher-performing User Experience, with full personalisation to the driver's use preferences. Always connected with Maserati ConnectLevante Hybrid is connected, thanks to the new Maserati Connect program. Having the Maserati connected at all times enables an eye to be kept on the car's health, and Maserati Connect will alert the driver when a service is due, improving the customer care experience.Maserati Connect also enhances safety and security, with assistance in emergencies and in case of car theft. With a Smartphone or Smartwatch, drivers can always stay in contact with their Maserati thanks to the Maserati Connect App; this is also possible from home via their virtual personal assistant (Amazon Alexa & Google Assist).Maserati Connect enables the use of Amazon Alexa services onboard and the creation of a Wi-fi Hotspot inside the Maserati.Thanks to the integrated, connected navigation system, the driver always has the latest traffic information in real-time, as well as constantly updated maps.TECHNICAL SPECIFICATIONSLEVANTE HYBRIDENGINELayoutL4 Mild Hybrid with eBooster and 48V BSGDisplacement (cc)1995Bore x Stroke (mm)84 x 90Compression ratio9.5:1Maximum Power (hp @ rpm)330 @ 5750Peak torque (Nm @ rpm)450 @ 2250Fuel injectionGasoline Direct Injection GDIInjection pressure (bar)200Induction1 Mono-scroll turbocharger1 eBooster 48 VCrankshaftForged steelLubricationVariable displacement oil pumpTiming system1 chain-drive overhead camshaft with MultiairPERFORMANCEAcceleration 0-100 Km/h (s)6.0Top speed>240Braking distance from 100 to 0 km/h (m)36FUEL CONSUMPTION AND CO2 EMISSIONSWLTP combined cycle (l/100 km)TBC *Pending current certificationWLTP combined cycle (g/km)231-252 TRANSMISSIONGearboxZF eight-speed automaticGear ratios1st: 5; 2nd: 3.2; 3rd: 2.14; 4th: 1.72; 5th: 1.31; 6th: 1.00; 7th: 0.82; 8th: 0.64; Reverse: 3.46; final: 3.27TransmissionAll-wheel drive with limited slip self-locking mechanical rear differentialSUSPENSIONFrontDouble-wishbone, anti-roll barRearMulti-link, anti-roll barBRAKESFrontVentilated discs 345x32 mm, 2-piston floating calipersRearVentilated discs 330x22 mm, 1-piston floating calipersDIMENSIONS AND WEIGHTSFront/rear tyres265/50 R19L x D x H (mm)5005 x 1981 x 1693Wheelbase (mm)3004Front/rear track (mm)1631 / 1662Luggage capacity (l)580Fuel tank capacity (l)80Homologated weight (kg)2090

Any property seeker worth their salt knows Phnom Penh’s property prices are higher the closer one gets to the centre. In fact, this has led both buyers and developers to look further out of the city for many better-priced homes.Districts like Chroy Changvar, Sen Sok, Por Sen Chey, and Meanchey have become popular choices for Cambodian families looking for landed homes. But these areas are seeing their prices rise year after year; if someone is shopping for a home in the next 3-5 years, they might have a harder time finding something that fits your budget today. Fortunately, Phnom Penh’s property market is constantly expanding with new places becoming more suitable for the modern Khmer family.Khan Kamboul, for example, is the westernmost district in Phnom Penh and can be accessed through National Road 4 and the recently rehabilitated National Road 3. Infrastructure developments in the district have pushed Khan Kamboul from a dust bowl area to now playing host to several commercial areas and residential projects a.k.a. Sprawling boreys especially made for Khmer families.The biggest among the boreys coming to Khan Kamboul is Borey Kasen. Borey Kasen Phnom Penh is built on an area of ​​about 30 hectares, located along National Road 3 (km. 15). Additionally, the project is only a short drive from Chom Chao roundabout and is only 10 minutes from Phnom Penh International Airport in Por Sen Chey.Borey Kasen Phnom Penh is developed with a comfortable living and potential business ventures in mind. These features are best seen in their King and Queen Villas - which are consequently their most popular units to date with many keen-eyed Cambodian families looking for high-quality homes booking a unit before prices pick up.Borey Kasen complements its high-quality homes with a premium suite of amenities including gardens, club houses, swimming pools, fitness clubs, cafes and a shopping center as complements to its outstanding residential offerings and making it a prime choice for Cambodians looking to live a comfortable life in a private neighbourhood.Borey Kasen’s quality homes are currently offering their units at an 18-month installment with 0% interest. The project developer is additionally offering loans of up to 80%. Curious about deals with Borey Kasen? Inquire now!Inquire about Borey Kasen

Phnom Penh, the capital of Cambodia, is located at the heart of the southern part of the Kingdom, within the entire surrounding of Kandal Province. Phnom Penh's continuous expansion of territory has always resulted in the new planning of the bordering areas in Kandal Province. One of the most powerful pieces of evidence is the construction of the biggest international airport in the Kingdom. According to the plan, the new airport, named "Techo Takhmao International Airport", spans in Kandal and Takéo provinces, covers an area of ​​2,600 hectares, and costs about US$1.5 billion. The construction is divided into three phases. The first phase will be completed in 2023, with an annual capacity of 13 million passengers. The second one will end in 2030, with an annual capacity of about 30 million passengers. The last phase will end in 2050. All together it is available for 50 million passengers annually.  The new airport is 10 km from Hun Sen Boulevard. The Ministry of Public Works and Transport plans to develop a new train route connecting the city centre to the new airport. On the other hand, it is also reported that OCIC has planned to build a highway for shuttle transport. The preliminary plan is to connect directly to the new international airport with Hun Sen Boulevard via Chbar Ampov, and another proposal is to connect the new airport to the third and fourth ring road. Whatever, it means that the new airport will not only drive residential and commercial developments in its proximity, but also promote the prosperity of the areas along the traffic network, of which related areas in Kandal Province are in the most direct benefits. Last month, Prime Minister Hun Sen confirmed that the government plans to use part of the Korean government loan to build a bridge connecting Phnom Penh City to Akriey Ksart Township in Kandal Province, and the estimated cost of the bridge is between US$40 million and US$50 million. This news has been followed by a land trading boom set off in some areas of ​​Akriey Ksart, with the price of land in some areas  reaching US$1,000/m². According to a report by CC-Times, the chief of Akriey Ksart Village said, “There are more and more companies buying and selling land, which has driven the price of land to rise, the price [of lands on riverside] will be much more expensive.”  However, the rational voice from  the real estate industry is that the current real estate prices in Akriey Ksart Township have risen slightly, but the "surge" of land prices will not occur. At the very least, Cambodia's real estate industry needs time to come back to vitality. The current price of land in Akriey Ksart is between $300 and $600 per square meter. Mr. Chrek Soknim, chairman of the Cambodia Real Estate Appraisal Association, predicts that land prices in Akriey Ksart may increase by between 10% and 20%.  Not long ago, the construction plan of the Cambodia-Korea Friendship Bridge was made, which consists of two sections. One end sets near the Night Market, while the other end sets in Akriey Ksart Township, with a middle support on Chroy Changvar peninsula beside Sokha Hotel. This cross-river bridge aided by South Korea is expected to be groundbreaking next year. A beautiful and spectacular cable-stayed bridge will not only be a key point of the Phnom Penh 2035 urban plan, it will also be one of the eye-catching landmarks.  Thus far, as a key part of the planning of Phnom Penh City, the first move has been made to get to the approach that Akriey Ksart Township, which is now in Kandal Province, will be included in the capital’s jurisdiction in the future. Once the bridge completes, large-scale commercial complexes, various residences, and characteristic tourism will naturally come along. Experts in the property industry have predicted that the riverside area of ​​Kandal Province and the area within the radiation range of Phnom Penh's No. 3 Ring Road will be replicated as another Chroy Changvar under the pushing of infrastructure.  Right now, this part of Kandal province across the Mekong River from Phnom Penh is still undeveloped land, spotted with three wetlands. There are a few leisure and vacation spots that Phnom Penh citizens like to go to, and each one has its own countryside speciality. Here are some cases in point.  If you take a boat from Diamond Island Ferry to get to Akriey Ksart Village, and then drive along the country road for about 15 kilometers, you will arrive at a place close to the convergence of the three lakes. Here it is - A resort named Jet's Garden Park in Vihear Sour Village, which is the most typical ‘playground’ that welcomes Khmer families up for 1~2 day excursion. Well, you can also enter Kandal province from the north along Road No.8. A few-dollar pass is affordable. There is a children's amusement zone, a mini zoo, a large swimming pool, football course, billiards, fishing, cycling and other options including food and drink. There are also guest rooms in the park, as well as special accommodations such as camping tents and car tents.  Not far from the Akriey Ksart ferry, there is a dairy farm called "Moo Moo", which is the first local milk supplier in Cambodia, supplying fresh milk to the citizens of Phnom Penh every day. This farm is an entrepreneurial project of young foreign talents co-operating with localized employees. The expatriate members of the farm speak fluent Khmer, and their product concepts and management are down-to-earth, so the farm's Facebook page has drawn a large number of loyal fans. It is conceivable that the now Akriey Ksart Village, Phnom Penh's future Akriey Ksart District, is extremely well-positioned to become the ‘backyard’ of Phnom Penh on the premise of retaining its inherent attractions. Residential developments around Akriey Ksart are currently few and far between. For example, Chaktomuk Cityview1 & 2 and Toul Sangke The Sanctuary City are two townhouse projects. The residences they provide are based on traditional Cambodian townhouses, and they attract Phnom Penh's buyers by adding fashionable design elements, supporting facilities to living experience. The Sanctuary City is located in the Akriey Ksart area and has relatively complete facilities. While, Chaktomuk Cityview in Svay Chrum is larger, adjacent to the Cambodia-Korea Friendship Bridge that has already been planned for direct transport between Svay Chrum and Chroy Changvar. Borey Chaktomuk City 2 Borey Villa Toul Sangke As the newest spot in the Capital Bay Area, Akriey Ksart District has a huge space of potential to attract different sectors of industries. The construction of the Cambodia-Korea Friendship Bridge in 2023 is meant to be another epoch beginning. Looking for property in Phnom Penh? Let us help!

As the most prominent online portal for Cambodia's real estate market, Realestate.com.kh data indicates that the Kingdom’s housing market is slowly recovering. Major investors are still purchasing properties in high-quality developments which could offer potentially high returns along the city’s riverfront. In the capital Phnom Penh, after the Cambodian property market was flat for two years, leading developers are returning to boost the market and are identifying the strategic properties along the Mekong, Tonle Sap, and Bassac Rivers.Since March 2022, among the most eye-catching projects in Phnom Penh are top-quality housing developments incorporated within the conceptual "Bay Area". Properties which are tagged under 'River View', 'Riverfront', and 'Waterfront' are associated with stylish and in-demand urban living and are being snapped up for their future potential. Within Cambodia and other cultures, there is a strong connection to water and major cities and towns in Cambodia are connected by the Mekong River. In Phnom Penh, construction and businesses have sprung up on either side of the Mekong’s banks. The neck-breaking advanced development and changes in Chroy Changvar, on Diamond Island (Koh Pich), and in Koh Norea, as well as the strategic city planning of Khan Chbar Ampov and Arey Ksat are clear indicators that the ‘bay area’ will attract affluent urbanites from within the country, and from overseas.High-end modern apartments and sky-high mansions have gradually become popular in the ‘bay area’ of ​​Phnom Penh, and most of them currently occupy excellent and panoramic riverside views. If you have ever visited the sites of these projects, overlooking the broad urban landscape ringed by rivers, you will appreciate their popularity and sense of serenity. With the accelerated infrastructure construction and development in the capital, bridges across the rivers are being built and more are planned, not only to alleviate the traffic but as a result of the expanding urban sprawl which is also opening up new exciting areas for development. These large bridges are all funded via a mix of local and other Asian government support from Korea, Japan and China and are aptly named ‘Friendship Bridges’. Once these new access routes and bridges are open to traffic, the value of a new land naturally rises - It's logical to identify that areas such as Arey Ksat village (within Kandal Province) are included within the territory of Phnom Penh City. Phnom Penh's ‘bay area’ economy looks set to thrive in all aspects.The charm of the riverside lies not only in the refreshing and natural environment, but the flows of the rivers in the capital flow north to south, which means the banks of a river face either sunrise or sundown, offering beautiful starts and ends to the day in tropical Cambodia.What is most appealing is that the tip of the Chroy Changvar peninsula, Diamond Island, Khan Chbar Ampov, and Arey Ksat together enclose the confluence of three well-known and vital rivers. This natural landscape offers an incredible and enviable view for many riverside residences. Those interested in buying fantastic and affordable riverside properties in Southeast Asia, specifically in Cambodia - shouldn't miss out on this great opportunity!See the most popular riverfront condominium projects below.MORGAN EnMaison Diamond Bay Garden Vue Aston The Peninsula Private Residences Wealth Mansion La Vista One   Looking for property in Phnom Penh? Let us help!

National Road 11 passes through the countryside east of Phnom Penh. Supplied.Infrastructure projects are often generational endeavours, meaning that if a project starts today, its full benefits could only be realised a generation or two later. But Cambodia, despite the pandemic, continues to make strides in its national infrastructure and is pushing the calendar up in reaping the benefits.The most recent of these projects is the completion of National Road 11 (NR11). Realestate.com.kh, Cambodia’s largest online real estate classifieds portal, observed that land prices around the roadway have been picking up since it finished construction in late 2021.The construction of National Road 11 has an estimated cost of about $98.388 million US dollars, financed by the Commonwealth of the People's Republic of China. The road’s construction began December 2017 and took 44 months to complete. The road was inaugurated on December 6, 2021 by the Royal Government of Cambodia.National Road 11 was inaugurated in late 2021. Supplied.Much of the value of the land adjacent to the national road was between $40 to $50 per square metre. This price has nearly doubled to anywhere between $70 to $80 per square metre as of reporting. This jump in price is not uncommon in Cambodia’s fast-developing real estate sector.In 2019, the development of the 202 km-long National Road 3 started driving land prices in areas in crosses. For example, Chaom Chao to Kampong Toul Bridge - right at the city boundary of Phnom Penh - to well over $200 per square metre. Past Kampong Toul Bridge, land properties around $20 per square metre have risen to almost $80 as road infrastructure projects approach completion.National Road 11 connects economic corridors vital to Cambodia’s development plans. Supplied.The development of National Road 11 has attracted property developers and other land investors. There have been inquiries coming from warehouses, gas stations and other entrepreneurial projects over the months since being inaugurated.National Road 11 links two economic corridors in Cambodia, namely: National Road 6 leading to the Cambodian-Thai Border in Poipet and National Road 1 which leads to the Cambodian-Vietnamese Border in Bavet.NR11 stretches 96 kilometres from the National Road 1 intersection in Neak Leung in Prey Veng Province, just before the boundary with Kandal. NR11 then intersects with National 8 and ends with an intersection with National Road 7 further up north, allowing transportation vehicles to bypass the busy roads of Phnom Penh to get to National Road 6.National Road 3 and 11 are but a few of the many other national infrastructure projects the Royal Government is currently overseeing. Prices around these roads are expected to increase in price as more investments, particularly in manufacturing and logistics in Cambodia drive the need for a reliable national road network.Looking for property in Cambodia? Let us help!Article by:

The General Department of Taxation in Cambodia consistently exceeds yearly targets, giving the government much-needed funds for social programs and infrastructure development. Photo from Khmer Times.Cambodia’s Capital Gains Tax (CGT) is delayed for the 4th time until the end of 2025. 9The postponement of the tax likely stems from the government’s record of waiving taxes and other fees to further foster economic activity, especially in the Kingdom's real estate market.Contrary to popular belief, the Capital Gains Tax is not a new tax; businesses in the Kingdom have always paid this tax. The CGT that was supposed to go into effect recently was an expansion of its tax base, specifically covering individuals buying and selling properties.Before the pandemic, the surge seen by the construction and real estate sector was driven by high interest from foreign investors looking at Cambodian properties. In 2019, capital investments in construction amounted to over $9 billion and grew to over $10 billion two years later in 2021.Despite the pandemic, the country’s real estate market has largely remained afloat with much of the sector shifting its focus to the local market. According to CBRE Cambodia’s Fearless Forecast 2022, the compound annual growth rate for the CBD and inner city is around 10% over a decade while those of the outer suburbs went up as high as 20% over the same period.Phnom Penh’s urbanisation continues to expand on the back of the local market’s desire to have landed homes - a demand most apparent in the suburbs developing in the districts of Chroy Changvar, Sen Sok, Por Sen Chey and Meanchey.Interested in properties in these areas? Let us help!How does the Capital Gains Tax work?Cambodia's upcoming Capital Gains Tax is considered one of the most generous in the region. Photo from Khmer Times.Cambodia’s Capital Gains Tax is a flat 20% rate from selling a capital asset. The CGT covers capital gained from selling: Immovable Properties (real estate), Leases, Investment/Financial Assets, Goods (Licenses & Branding), Intellectual Property, and Foreign Currency.As mentioned earlier, the current CGT is an expansion of the tax from businesses to individuals. According to Realestate.com.kh’s overview of Capital Gains Tax, the CGT expands its tax base to Resident Taxpayers and Non-Resident Taxpayers. Persons falling into these categories are obligated to pay their CGT within 3 months of realising their gains.There are currently two methods taxpayers can employ when paying their dues. First is the Actual Expense Deduction Method and the second is the Determination Based Method.The Actual Expense Deduction Method takes the sales total proceeds and subtracts the expenses the seller made to get the Capital Gains Tax to be paid. These deductibles can be the purchase cost, consulting fees, registration tax, commissions, and even advertising. These expenses are taken from the final proceeds and 20% of the difference will be the Capital Gains Tax to be paid. This method is beneficial for property sellers who spend a lot on overhead/operational costs.The Determination Based Method takes 80% of the sales proceeds and subtracts them from the entire sales value. The difference will be the Capital Gains and 20% of it will be the Capital Gains Tax to be paid. This method is highly beneficial for property owners who buy low and are planning to sell high.Under the current version of the CGT, taxpayers are free to choose which method they feel will be a lighter tax obligation for them.Learn more about Capital Gains TaxImplementation of the CGT has been a long time coming and many developing nations have their iterations. The CGT’s base expansion is expected to further add to the General Department of Taxation’s already impressive consistency of exceeding its yearly targets.Looking for property in Cambodia? Let us help!Article by:

Cambodia’s economy has reopened since November 2021, giving it a headstart in the regional race to attract foreign travel and business post-pandemic. Photo from Khmer Times.Cambodia now leads much of the world in its path to recovery from COVID-19. According to the Nikkei COVID-19 Recovery Index, Cambodia jumped from 22nd place in December to 2nd place in January, just behind Taiwan at the number 1 spot.Cambodia’s current success with its pandemic situation is largely attributed to its early management of cases: less than 500 reported cases and 0 deaths in 2020. The Kingdom only saw its first major outbreak in the Feb-20 incident and prompted the government to impose the first major lockdown in the summer of 2021.The Cambodian government has since been relentless in its vaccination efforts mainly backed by Chinese-made vaccines. In August 2021, Mekong Strategic Partners (MSP) released a report that projected Cambodia to reach 80% vaccination by Q3 2021, 8 months ahead of schedule.Aside from the weekly arrival of vaccines into the Kingdom, the MSP highlighted the systematic rollout of vaccination campaigns nationwide and the efforts made by the private sector, especially during the months following the Feb-20 incident.Cambodia’s high vaccination rate has been integral in reinstating confidence in the local economy. Supplied.However, the most essential factor in its pandemic control has been the noticeable low vaccination hesitancy from Cambodians. In addition to seeking out vaccines, a majority of the local population has taken it upon themselves to observe basic quarantine measures such as wearing masks, social distancing and sanitizing regularly.In October 2021, the Cambodian government hinted at reviewing its local quarantine measures as well as its foreign travel requirements. Many observers, including economists and the press, anticipated a step-down or two from the current 14-day requirement. To the surprise of the same onlookers, the government eventually removed quarantine requirements for fully-vaccinated travelers and did away with the pricey $2,000 quarantine deposit in November 2021.The new requirements for foreign travel to Cambodia were made far simpler only requiring proof of vaccination, a negative RT-PCR test 72 hours prior to departure and another negative test upon arrival at the port of entry in the Kingdom.Naturally, a declaration of full reopening was made in November 2021, given the streamlined requirements and gave Cambodia a headstart in the regional race to welcome foreign travelers and business once again.A Market Primed for ReboundCambodia’s banking and financial sector has served as a bulwark for the Kingdom’s economy throughout the pandemic. Supplied.The WorldBank and the Asia Development Bank both forecast a ~5% GDP growth for Cambodia in 2022, mainly attributed to a strong financial sector and the economy reopening in late 2021.Construction and real estate - key drivers of the massive growth in the Kingdom - are similarly seeing signs of recovery in early 2022. In December 2021, the Ministry of Economy and Finance announced almost 4,000 projects, amounting to over $10.35 billion USD were approved in the first 11 months of 2021.Nationwide infrastructure projects have also been ongoing throughout 2020 and 2021. According to the latest update from the Ministry of Public Works and Transport (MPWT), the Phnom Penh-Sihanoukville Expressway is 80% complete as of January 2022 and is expected to open to traffic in March 2023.According to the National Bank of Cambodia (NBC), there is cause for optimism for the construction and real estate sectors in 2022. NBC cites a pick-up in domestic economic activity and investment since the economy reopened in late 2021. The NBC adds that rising domestic revenue and local interest will be the key drivers of the Kingdom’s property sector growth.Looking for property in Cambodia? Let us help!Article by:

The Cambodia Real Estate Awards 2022 will be held at the Sofitel Phnom Penh Phokeethra. Supplied.The Cambodia Real Estate Awards 2022 (CREA), organized by Realestate.com.kh in partnership with the Cambodian Valuers and Estate Agents Association (CVEA) and the Real Estate Business Regulator (Under the Ministry of Economy and Finance) is set for this coming April 7, 2022 in the Sofitel Phnom Penh Phokeethra.Since 2018 the annual event has celebrated the very best of the real estate industry’s agents and agencies and awarded their efforts in providing quality products & professional services to Cambodia’s fast-expanding market. This year will be the first year that property developers and developments have been included in the CREA through categories such as Condominium Developer of the Year, Borey (Landed Property) Developer of the Year, Commercial Developer of the Year, and of course, Developer of the Year.“Of course, property developers play a major role in the real estate industry, so it was only natural to add developer categories to the Cambodia Real Estate Awards' ' said Tom O’Sullivan, CEO of Realestate.com.kh. '' Despite the challenging times we faced during the pandemic, the market saw several projects launch over the last two years whilst others reached the handover stage - instilling continued confidence in the market”“We have been overwhelmed by the number of entries this year, with over 30 companies already entered, with more to come. So in terms of the number of entries, this is certainly the most successful real estate awards in Cambodia to date. In addition, we already have over 300 seats booked for the 7th of April and selling fast, so I do encourage anyone looking to sponsor or attend to get in contact as soon as possible as the event will sell out” “As the organizer of the CREA, Realestate.com.kh is looking forward to seeing agents, agencies, property developers and more during the ceremony as a celebration of all the achievements made during some of the hardest times in the industry globally, on April 7 at the Sofitel Phnom Penh Phokeethra” Tom said.The awards are sponsored by Panasonic, Hanuman Beverages, foodpanda, KH Land, LM Car, Lukfook Jewellery, Midea & Toshiba, Sathapana Bank, People & Partners Insurance, Yugo Private Aviation, Bodia Spa and many others. The annual Cambodia Real Estate Awards is considered the premier property awards in Cambodia. And with the excitement building up for the event, interested brands looking to expand their reach are encouraged to secure the last few remaining sponsorship slots for the CREA 2022.Sponsor the Cambodia Real Estate Awards 2021-2022Key ContactsCambodia Real Estate Awards - Sponsorship ContactsName: Jeff Steeves Position: Business Development ManagerEmail: jeff.steeves@realestate.com.kh Phone: +855 (0) 85 250 962 Developers & Development Awards Entry ContactsEnglish & KhmerName: Khiem Darina Stefania (Steff) Position: CREA Developers & DevelopmentEntry Facilitator & REAKH Relationship Manager Email: stefania.khiem@realestate.com.kh Phone: +855 (0) 10 699 333 ChineseName: Taing Muyngy (Muyngy) Position: CREA Developers & Development Entry Facilitator & REAKH Relationship Manager Email: muyngy.taing@realestate.com.khPhone: +855 (0) 10723379Agency Awards Entry Contacts English & KhmerName: Tin Mashington (Ton) Position: CREA Agent Entry Facilitator & REAKH Relationship Manager Email: tin.mashington@realestate.com.khPhone: +855 (0) 81 305 205

Realestate.com.kh and Orkide Development Co., Ltd, “Orkide” partnered up to showcase the Royal Condominium in Sen Sok to both the local and international markets. Supplied.Orkide Development Co., Ltd, “Orkide”, one of the biggest property developers in Cambodia, signed on Realestate.com.kh, the largest real estate classifieds portal in the Kingdom, as sales and marketing partner for its latest luxury project: Orkide The Royal Condominium.Orkide The Royal Condominium is a sprawling development in Sen Sok district. This large, upscale residential project consists of six 18-story towers offering nearly 2,000 residential units. The project’s crowning glory: The Royal Garden covers an area of ​​3.2 hectares and has 12 different areas, including artificial sandy beaches, green gardens, playgrounds etc., with more than 100 facilities, including swimming pools, luxury gyms, steam rooms, saunas, walking paths, and bicycle paths.Orkide’s sprawling condominium complex holds no punch in delivering a bevy of top-class amenities in a market eager for a premium city life. Supplied.Orkide The Royal Condominium sits at a convenient location in Sen Sok district along Street 2004. Located in the mid-point between the Phnom Penh International Airport and the capital city’s central business district, residents of Orkide the Royal Condominium enjoy modern urban staples such as international schools, wet & dry markets, supermarkets, and a wide selection of shops, restaurants and cafes on top of the class-A amenities easily accessible within the complex.The Royal Condominium will have a total of 6 residential towers connected by the 3.2 hectare Royal Garden. Supplied.“Orkide Development Co., Ltd is a hallmark of Cambodian property development.” said Tom O’Sullivan, CEO of Realestate.com.kh. “We’ve had a working relationship with them for years and their projects that have entered our events notably attracts strong interest from local and international property buyers”The Royal Condominium boasts several swimming pools and other open areas all comfortably located within the complex. Supplied.Orkide The Royal Condominium is the latest addition to Orkide’s portfolio of luxury properties. As a leader in developing modern residences in the Kingdom, the Orkide Development Co., Ltd has successfully developed high-end residences such as Orkide The Botanic City, Orkide The Royal, and Orkide The Grand. Other upcoming projects include Orkide The Pochentong and Orkide The Canal.Orkide The Royal Condominium’s handover comes at the right time as Cambodia’s successful pandemic management is gradually reintroducing confidence on multiple fronts of the market. “The beginning of 2022 is off to a good start,” noted Tom O’Sullivan. “The Cambodian real estate market has increasingly been catering to the needs of the Khmer market and consequently strengthening interest in the property sector.”Interested? Orkide is running a 10% down payment offer with the option to move in right away. Supplied.And with the economy poised for recovery, the Orkide Development Co., Ltd is leading property developers in opening its new premium residential project alongside the larger economy. As a way to celebrate, Orkide The Royal Condominium is currently offering buyers a 10% down payment option with the option to move in right away.Learn more Orkide The Royal Condominium

Phnom Penh is the epicenter of the Kingdom's construction and real estate growth for much of the decade. Supplied.Cambodia’s construction and real estate sectors may have a better cause for optimism in 2022. Earlier in January, the National Bank of Cambodia (NBC) released a report on the bank sector’s macroeconomic progress and outlook for 2022.According to NBC’s report, the global economy is expected to grow at different rates, depending on how effective COVID-19 prevention measures are in different countries. At present, the omicron variant, though less severe in terms of symptoms, is noticeably more transmissible; stoking fears of lockdowns that may stifle economies once again.Despite omicron’s presence, NBC’s report highlights promise from Cambodia’s exports, namely in garments and textiles, as well as new launches in producing electronic parts and bicycles to add to the Kingdom’s export portfolio.Additionally, Japanese mall developer AEON is mulling to build a 30,000 sq meter logistics center in Sihanoukville in 2023. The gigantic center will offer import storage, customs clearance and support for cross-border online retail.Ford is investing $21 million dollars to manufacture its SUV lineup in Cambodia. Supplied.According to a report by the Khmer Times, US automaker Ford has invested $21 million in an assembly line in Cambodia for the production of the Ford Ranger and Ford Everest. The assembly line is currently under construction and will begin production in April.The report further highlights the importance of the Regional Comprehensive Economic Partnership Agreement (RCEP), an agreement between the 10 ASEAN Member States and the Free Trade Partners (Australia, New Zealand, China, South Korea and Japan) entered into force earlier this year. This will provide opportunities for trade in services and goods, investment and e-commerce.Cambodia’s construction and real estate sector is also expected to see a recovery albeit a conservative one. NBC cites a pick-up in domestic activity and investment since the economy largely reopened in the latter half of 2021. Rising domestic revenue and consequent investment will be the key drivers of the Kingdom’s property sector growth.It is worth noting that the local interest for properties has kept real estate activity going in Cambodia. Landed properties have noticeably become more popular, especially those offered in the affordable and mid-range of the market’s spectrum.In an earlier report by Realestate.com.kh, Cambodia’s largest real estate classified’s portal, a sizable section of the website’s traffic has been searching landed properties in Sen Sok and new developments Chroy Changvar - two districts that are seeing continued growth despite the pandemic. That is not to say condominiums have been completely overtaken by landed homes. According to Realestate.com.kh, the search for residential properties (condos and landed homes) in core areas of the city such as Chamkarmon and Boeung Keng Kang still topped the popular site’s searches in 2021. How regular discounts are offered and the overall decrease in average quoting prices are still driving interest from local middle-class and international buyers.Given difficulties faced in the first half of 2021, Cambodia’s growth for the previous year is only expected to be around 2%, according to the NBC as well as the WorldBank and Asia Development Bank. However, all three banking institutions project ~5% growth for Cambodia in 2022.Looking for property in Cambodia? Let us help!Article by:

Realestate.com.kh, Cambodia's largest real estate platform has partnered up with Borey Kasen Phnom Penh, a new residential development project along National Road 3.Borey Kasen is located immediately off National Road 3, just minutes from the Chaom Chau roundabout and 10 minutes from Phnom Penh International Airport. The project represents a distinct architectural style, quality construction, spacious houses and modern furnishings. The developer will also complete a commercial boulevard with shops, clubs, international schools, hospitals, and other amenities. Phase 1 itself will be handed over with a communal clubhouse. At the launch event for the project Tom O’Sullivan, CEO of Realestate.com.kh noted “National road 3 and this location in general has been waiting for a project of this quality for a long time, with infostructure in the area being recently completed the timing of this launch is perfect - there is a lot of demand for shop houses and luxury villas, in this location” The joint venture between Realestate.com.kh and Borey Kasen Phnom Penh will aid in helping Cambodian buyers find their dream home.

While 2021 may not have been the best year for many businesses in the Kingdom, the country’s real estate sector has something to look forward to as the Ministry of Economy and Finance (MEF) recently announced that almost 4,000 projects, amounting to over $10.35 billion USD were approved in the first 11 months of 2021.Of the almost-4,000 project figure, 90% are classified as residential projects. Phnom Penh is Cambodia’s fastest-growing city and was the primary destination of the foreign property investors in the years leading up to 2019.Approved projects total around 12 million square meters comprising residential, commercial, mixed-used, and industrial projects, according to the MEF.It is worth noting that Asia-Pacific residential markets have already started heating up as buyers look to secure property at significantly more attractive prices while they still can. This trend can be seen in how Cambodia’s landed property sector is picking up steam on the back of increasing local demand for affordable and mid-range landed properties.While the MEF did not disclose total projects approved in 2020, the value was estimated at $7.75 billion USD, a 32% decrease from 2019’s figures. Given 2021’s total construction value, this signals the first step in Cambodia’s recovery - making the question of a pre-pandemic flurry another matter of when.Last November 2021, the Cambodian government relaxed travel requirements for foreigners entering the country.  This is off the back of the Kingdom’s high vaccination rates and relatively low number of cases compared to its neighbours. The relaxation of requirements similarly extended to businesses within the country, including bars, discos and KTVs.The ADB and the World Bank projects Cambodia’s economic reopening and simplified travel requirements will contribute to a ~5% GDP growth in 2022.Looking for new developments in Phnom Penh? Let us help!

The extension on Stamp Duty exemption will likely play a role in the increasing competition between landed property developers in Cambodia. Supplied.The exemption on Stamp Duty for properties under $70,000 will be extended, according to his Excellency Phan Phalla, Secretary-of-State of the Ministry of Economy and Finance. The announcement came after a press conference on the economic recovery strategy held last December 14.The Stamp Duty is a 4% tax applied on the transfer of ownership or possession of real estate in the form of a sale, gift, or share transfer.The exemption was initially implemented a year ago in December 2020 as part of the government’s strategy to encourage real estate activity at a time when Cambodia’s return to a semblance of normalcy was still unclear. The 1-year exemption period was made to last until December 2021 but has been extended to December 2023 under Prakas 22267 of the General Department of TaxationCambodia’s construction and real estate sectors have been major contributors to the Kingdom’s fast economic growth. According to a World Bank Report, construction made up one-third of the Kingdom’s GDP leading up to 2019. The Ministry of Land Management, Urban Planning and Construction reported that there were around ~4,300 projects approved, totaling $9.3 billion in 2019.The flurry of activity appears to be returning as over 4,000 projects have been approved in the first 11 months of 2021.The waiving of the Stamp Duty is a part of the government’s continued strategy to foster economic activity by reducing associated costs. In early December 2021, Prime Minister Hun Sun spoke during the inauguration of National Road 11 in the Prey Veng provincial capital and noted that the continued tax exemptions are part of revitalizing the economy after its reopening.“We do not stop at simply reopening,” said the Prime Minister. “We must continue looking out for our people and be ready to address the uncertainty that lies ahead”.Find new developments in Cambodia today

Phnom Penh: On December 25, 2021, Prince Huan Yu Center celebrated Christmas and the completion of the second building project. On the morning of Christmas day, the last part of the project to build the second building of Prince Huan Yu Center was completed. Prince Huan Yu Center held a grand celebration to thank its partners, investors and buyers.Completing a construction project is not an end point, but a new beginning. Prince Huan Yu Real Estate Co., Ltd. promises to focus more on quality assurance products with precision for future customers.Adjacent to Naga III projectThe Prince Huan Yu Center project is located in the Commercial Area (CBD) in Phnom Penh's Chamkarmon district.Not only that, the project is located near the central business area in Boeung Keng Kang 1, around the embassies of 31 countries, such as the Russian Embassy, ​​the Australian Embassy, ​​the South Korean Embassy and the Embassy of Japan. The project is located near major institutions such as the Ministry of Agriculture, the Senate, the Ministry of Interior, the National Assembly and the Ministry of Foreign AffairsIn addition to government institutions, there are many shopping malls and entertainment places such as, Aeon Mall 1, Koh Pich, Riverside, Independence Monument and many other tourist hotspots.High rental rate from 8% to 10%The Prince Huan Yu Center is meticulously constructed with the concept of "luxury living", a world-class 140,000-square-meter multi-storey city ranging from 40-82 square meters of the 5.4 metres storey LOFT - an offering unique across Phnom Penh.“Buy one floor, get two floors” Prince Huan Yu Center offers 31-105 square meters of platinum condos to be built as you desire and even designed to accommodate first-class brands. They come fully equipped, accessible, and more than adequate to meet the different needs of outstanding business people.Prince Huan Yu’s ideal location, supported by a unique and exquisite offering of daily life grants it the potential to have a rental yield of 8% to 10% annually. Given all that makes it popular, Prince Huan Yu’s residential property owners are expected to gain a 15% appreciation on their home investment, on top of an expected high rental yield. There is little-to-no competition in Prince Huan Yu’s status as a much sought-after property in Southeast Asia.Prince Huan Yu Center will complement its residential offerings with 30,000 square meters of commercial space. This will become the first modern art mall in Phnom Penh: the Prince Mall (Phnom Penh). With its flexible architecture and integrated business mix, it will create an international business environment to meet the needs of urban dwellers, high-level executives, business people and the growing middle-class of Phnom Penh - creating a space where many can find something to call home.Building to make a beautiful CambodiaPrince Huan Yu Real Estate Group is a subsidiary of Prince Holding Group. Prince Holding Group is a diversified international investment firm based in Cambodia with a portfolio of businesses around the world. The business scope covers real estate development, commercial real estate operations, high-end hotels, banking and many other capital-intensive sectors and a broad development perspective.As a real estate subsidiary of Prince Holding Group, Prince Real Estate Group adheres to the development concept of "Building a Beautiful Cambodia", laying the foundation for Cambodia, using Phnom Penh and Sihanoukville as strategic bases. With the project of Prince Mall, Samrong Village, Prince Golden Peacock and many other city-leading projects, it has become a leading enterprise in the field of real estate development in Cambodia. In the future, the affiliate will continue to strive to create more and better high-end housing products for home customers and contribute to Cambodia's urban development.Learn more about Prince Huan Yu Center

Realestate.com.kh, The Ministry of Economy and Finance, and Cambodian Valuers & Estate Agents Association proudly present the Cambodia Real Estate Awards 2021-’22. The event, to be held in March of 2022, will honor the year's most exceptional real estate developments and successful initiatives. The awards will be available for all types of real estate agencies, including residential, commercial, or developments, and land developers who show their properties nationwide.For the first time in history, the Cambodia Real Estate Awards have added various categories for property developers. These categories include Developer of the Year, Condominium Developer of the Year, Borey (Landed Property) Developer of the Year, Commercial Developer of the Year, and CSR & Social Impact Developer of the Year.The Cambodia Real Estate Awards is regarded as the premier national award for excellence within the real estate industry. The goal of the night is to recognize and honor this year’s outstanding projects and developments that have elevated the fabric of Cambodian real estate. It aims to recognize the achievements of the industry objectively and without bias, which grants all firms and individuals an opportunity to participate regardless of the size or wealth of their operation.Industry experts and leaders are responsible for identifying the top three winners across all categories. These judges will select an overall winner based on exponential business growth, along with overall significant development and success.Grand prize winners receive:a gorgeously designed trophy that boasts magnificent designs inspired by Cambodian cultural architecture. the prestigious Cambodia Real Estate Awards seal which can be used for their future ventures in marketing after the event a framed certificate confirming their achievement will be bestowed upon them. Mentioning that you have won this award on your realestate.com.kh profile will assist in gaining the trust of future potential clients.The judging process will be monitored with diligence by established auditing firms to ensure the integrity of the award. Judges will be required to submit their credentials for an evaluation of independence from related corporations. The judges will adhere to a code of professional conduct outlined by the organizations.Entries for the Cambodia Real Estate Awards are now officially open! If you are interested in entering the awards or becoming a sponsor of the Awards, please click on the link to the official website below, or find contact information below.Enter the Cambodia Real Estate Awards 2021-2022Key ContactsDevelopers & Development Awards Entry ContactsEnglish & Khmer: Name: Khiem Darina Stefania (Steff) Position: CREA Developers & DevelopmentEntry Facilitator & REAKH Relationship Manager Email: stefania.khiem@realestate.com.kh Phone: +855 (0) 10 699 333 Chinese: Name: Taing Muyngy (Muyngy) Position: CREA Developers & Development Entry Facilitator & REAKH Relationship Manager Email: muyngy.taing@realestate.com.khPhone: +855 (0) 10723379 Agency Awards Entry Contacts English & Khmer: Name: Tin Mashington (Ton) Position: CREA Agent Entry Facilitator & REAKH Relationship Manager Email: ton.mashington@realestate.com.khPhone: +855 (0) 81 305 205 Chinese: Name: Taing Muyngy (Muyngy) Position: CREA Agent Entry Facilitator & REAKH Relationship Manager Email: muyngy.taing@realestate.com.khPhone: +855 (0) 10723379 Cambodia Real Estate Awards - Sponsorship Contacts Name: Jeff Steeves Position: Business Development ManagerEmail: jeff.steeves@realestate.com.kh Phone: +855 (0) 85 250 962Enter the Cambodia Real Estate Awards 2021-2022

Observers project a ~5% GDP growth for Cambodia in 2022. Photo from Khmer Times.Knight Frank, a global real estate consultancy firm, recently came out with their Asia-Pacific Outlook Report 2022 and shared their outlook on shifts and trends likely to come out of COVID-19.Residential market heats up, affected by work-from-homeMuch like in Cambodia, the rest of the region shares affordability concerns. However, Knight Frank’s report notes that fear of missing out continues to drive mainstream prices up. Out of the 24 cities in Asia Pacific tracked, 18 saw prices grow, half of which recorded double-digit increases since the start of the pandemic.The report adds that construction delays across APAC resulted in record-low interest rates and lack of available supply, sustaining a bull run of prices across the region. Knight Frank projects residential prices across the region grow approximately 3-5% in 2022.Knight Frank included findings from their Global Buyer Survey 2021 and highlighted the importance of work-from-home, health and well-being as top factors for residential buyers in the region.When it comes to property features, APAC respondents put Access to High-Speed Broadband on top of their list, followed by Home Study/Office and Availability of Outdoor Space. Similarly, in terms of location, surveyed respondents put Air Quality on top, followed by Proximity to Green Spaces and Access to Healthcare Facilities.“Residential markets across the Asia-Pacific region could continue to strengthen in 2022 as the region starts to recover in the endemic phase. With more quarantine-free travel lanes reopening, foreign buyers could return to key gateway markets sooner than expected. Now is the best time for domestic buyers to pick up their dream homes in view of the potential policy interventions that could hamper purchasing prospects in 2022.” said Victoria Garret, Head of Residential, Knight Frank Asia-Pacific.Tech firms to drive office leasing sectorKnight Frank’s APAC report cites the tech sector as the pillar of office space leasing in a time of work-from-home. The report explains that the period of restricted movement and social isolation has only increased the demand for more digital services and integrations.The report concedes that although the level of new supply remains manageable across the region, vacancies are still expected to rise from the current 13-14% to 14-16%. Knight Frank expects tech companies to continue driving leasing activity in the meantime.With much of the region swinging towards a tenants’ market - including office spaces in Phnom Penh - the report advises current occupiers to capitalize on the current window to secure better lease terms or re-evaluate requirements in supply heavy markets before the recovery gains further traction.What does this mean for Cambodia?Realestate.com.kh reached out to Ross Wheble, Country Head of Knight Frank Cambodia, to contextualize regional trends in the Kingdom. “For the residential sector, we will see a two-tiered market with landed housing continuing to outperform the condominium sector, which is expected to see minimal price growth in 2022,” he said. Despite the shift in landscape, foreign investors are still considering Cambodia as an investment destination.“We generally see three key factors that attract investors to Cambodia: the ease of ownership for foreign investors, being able to own freehold title; the dollarised economy which makes it attractive as a currency hedge; the expected capital appreciation over the medium term as a developing frontier market with one of the fastest-growing economies in the world,” explained Ross.Cambodia’s office spaces have similarly seen growth in the past few years. “Current supply stands at approximately 573,472 sq m with an average occupancy rate of 72%,” said Ross “However, supply will more than double over the next four years placing pressure on both occupancy and rents.”He reveals that occupancy for office spaces in Cambodia is driven by the FIREB sector (Finance, Insurance, Real Estate and Business Services). “But we are also seeing more demand from Fintech and other tech companies,” he noted.On the topic of hybrid workspaces, Ross says, “Whilst some companies will adopt a hybrid workplace strategy the challenges of multi-generational living, as well as Cambodia's IT infrastructure, will likely see most companies resuming full office-based working.”Knight Frank’s Asia-Pacific Outlook Report 2022 forecasts Cambodia’s GDP to grow by ~5% in 2022. The ADB and the World Bank projects similar growth given Cambodia’s economic reopening through simplified travel requirements and its highly vaccinated population.Looking for property investments in Cambodia? Let us help!Article by:

Lawrence Lennon, MRICS, is the new Managing Director of CBRE Cambodia and will tackle alternative segments coming into 2022. Photo from CBRE Cambodia.Phnom Penh, Cambodia - CBRE appointed Lawrence Lennon as its new Managing Director. He will be taking over the position from James Hodge, having been in CBRE’s Cambodia office since 2016. James Hodge is reportedly returning to the United Kingdom early next yearLawrence is a member of the Royal Institution of Chartered Surveyors (RICS) and has worked in real estate investments in the United Kingdom, Mongolia, Myanmar and Vietnam. Lawrence Lennon joined CBRE in 2021 as its Associate Director overseeing its Professional Service Teams and leading major consultancy and valuation projects for both Cambodian and international organisations.In a press conference last December 9, Lennon thanked Mr. Hodge for the work he has done over the years and will continue to improve and expand CBRE’s services coming into 2022.Kinkesa Kim, known for leading CBRE's Research and Consultancy, was recently appointed as one of its new Associate Directors. Photo from CBRE Cambodia.In addition, Kinkesa Kim, previously one of the firm’s Senior Managers, has been appointed as its new Associate Director for Research and Consultancy. Kinkesa has an extensive background in market research and the provision of valuable consulting advice developed from her years of working within the Kingdom’s growing market.CBRE’s Lawrence Lennon, in a press release, highlighted that he is already working on tackling alternative segments in 2022. As its new Managing Director, Lennon is taking a look at manufacturing, agriculture, logistics, e-commerce, fintech, and energy.Lennon sees manufacturing as a center point of Cambodia’s development. “The opportunity in Cambodia’s manufacturing stems from it being able to leapfrog thanks to modern technology being readily available.” He notes that further infrastructure development and crafting practical policy frameworks will be vital in realizing Cambodia’s potential.He adds, “We are looking forward to seeing how the market can make further improvements in areas such as urban planning and ESG (Environmental, Social, & Governance) practices - both becoming important points of discussion as the country continues to rapidly urbanise,” said Lennon.Part of his plans also highlights increasing regional connectivity with CBRE’s neighbouring counterparts to leverage their expertise and resources to provide better advice and services to their clients.“I am very proud to take on this role at a turning point in the country’s progress in the pandemic. Despite the short-term challenges, we at CBRE are cautiously optimistic, and look forward to helping our clients navigate a rapidly developing market,” said Lawrence Lennon, Managing Director of CBRE Cambodia.Looking for property investments in Cambodia? Let us help!Article by:

Need a quick run-through of the most popular projects in Cambodia today?Realestate.com.kh, the country’s largest real estate classifieds portal, is visited by several hundred thousand users every month all searching for condominiums, shophouses, linked houses, and villas for sale/rent in Cambodia.New developments, in particular, are a key interest among local and international buyers. To help get you started, we’ve listed the most-visited projects on Realestate.com.kh this month!Phnom Penh Galaxy GardenLocated in the fast-urbanizing location of Sen Sok, Phnom Penh, this development offers a mid-range investment opportunity to local and international investors.Phnom Penh Galaxy Garden offers urban amenities such as; skyline views of Phnom Penh City, sky deck & glass skywalk, swimming pool, fitness center, spacious parking lots, 24-hour security services, lobby services, and housekeeping.Developed by the well-experienced, Shanghai-based JINGDI group, this world-class development is a stone's throw away from AEON MALL 2, Cambodia’s largest shopping center, and around the corner from MAKRO Supermarket.Learn more about Phnom Penh Galaxy GardenWorldBridge Sport VillageWorldBridge Sport Village is set to be Cambodia’s first-ever all-in-one sporting and residential development. Located in the fast-growing area of Chroy Changvar, and just 20 minutes away from the Central Business District of Phnom Penh, WorldBridge Sport Village is filling a gap in the market that nobody knew was there!Chroy Changvar is a hotbed of property developments, ranging from high-rise condos in the south to sprawling Borey developments towards the north. As a developing outer district of Phnom Penh, Chroy Changvar has been receiving a lot of interest from the growing suburban living trend in Cambodia. WorldBridge Sport Village is full of potential and offers great investment opportunities to small business owners and retail outlets alike.Learn more about WorldBridge Sport VillagePARC 21 ResidencePARC 21 Residence is a Singaporean-led project that has been a popular residential and investment choice for both Cambodian and foreign investors. Due to its prime location and amenities, Parc 21 Residence is expected to yield high rental returns with minimum risk.It’s also worth noting that this development has been constructed in an area that is earmarked for massive urbanization and development in the next 10 years, and it’s not hard to see why! Surrounding areas include attractions such as AEON Mall 1 and the Russian market, while still being close to central districts like 7 Makara, BKK1, and Daun Penh.Learn more about PARC 21 ResidenceM ResidenceM Residence is a new addition to Realestate.com.kh’s list of most visited projects!Located in BKK1, it’s quite hard to miss why this project can get traction in so little time. Its location allows it easy access to all the things that make BKK1 popular with its wide selection of shops, restaurants, bars, cafes, schools, office buildings, and everything in between.M Residence’s units also offer an ideal residence, whether long or short, for those looking to stay in Phnom Penh’s most culturally diverse district. M Residence mirrors its surroundings by delivering a complete living experience with its neatly decorated design and facilities such as a gym and swimming pool.Learn more about M ResidenceLe Condé BKK1Cities are the perfect testing ground for new residential technology and Cambodia definitely has its fair share. Le Condé BKK1 leads the pack as the premier choice for smart living and matches that with green space all within its spacious halls.Le Condé BKK1 is located in the district’s south-central area surrounded by a myriad of shops, cafes and restaurants that make this area popular among expatriates and the local middle-upper class.Le Condé BKK1 provides many classy amenities and facility services to support the tranquility and quality living of the resident including a spacious lobby, an infinite swimming pool, a spectacular view of Phnom Penh Skyline, a sky bar, a gymnastic room, a yoga room, conference rooms on the 32nd floor, a reading space, a jogging track, a spacious sky garden, concierge services, room services, and parking lots.Learn more about Le Condé BKK1