Prak Norak - Junior Researcher - Future ForumPhnom Penh and other urban areas are expanding quickly, with new projects breaking ground regularly. As cities expand, there is an increased demand for resources and with some of the current unsustainable design choices made in the early stages of the building's construction, Cambodia is potentially set up for an unsustainable future.By maximising space over maximising airflow and natural light; pursuing trendy foreign designs over practical ones for Cambodia’s hot and humid climate; and generally insufficient knowledge on sustainable practices, there is a danger these will collectively negatively impact how well Cambodia can mitigate and adapt to its changing climate.The current trend places an enormous burden on our environment so it is crucial that we approach new urban developments with a more Cambodia-specific and environmentally conscious mindset.Small Design Choices Can Have Lasting ConsequencesSeemingly small choices made in the early stages of the design process can translate to less sustainable and less comfortable habitats of living. These design features have lasting consequences for the quality of life, increased energy consumption and rising costs for property owners.In many boreys across Cambodia, houses are built following the same uniform design which lack windows in key areas, necessitating the continual use of air conditioners to cool and ventilate the living space as well as additional lighting to illuminate interior spaces - even in the middle of the generally bright and sunny days we get to experience in the Kingdom. Boreys also generally consist of houses which are too closely backed up against other dwellings, allowing only minimal light to enter the properties, not to mention that privacy is also compromised by the proximity of the neighbouring properties.In the case of the Khmer shophouses, their arrangement only allows for front and rear placed windows to allow light and air to flow inside the property. This familiar layout of a traditional shophouse in Cambodia may maximise the use of space but it arguably compromises the quality of life within these popular developments. Is the benefit of the extra space worth the lack of proper ventilation and lighting?Even the United Nations Environment Programme (UNEP) is trying to address this, through the Asia Pacific Clean Air Partnership and the Climate and Clean Air Coalition, which has partnered with the Cambodian Ministry of Environment to develop the country’s first Clean Air Plan.Don't Mimic Buildings That Aren’t Built For The Cambodian ClimateLooking out across the Phnom Penh skyline, buildings wrapped in green cloth are symbolic of those currently under construction. These buildings, for the most part, are enclosed in glass, metal, and concrete.This trend of applying ill-suited architecture is an unsustainable way of designing buildings in Cambodia. This isn’t just socially unsustainable - stripping Cambodia of its design identity - but this practice threatens Cambodia’s liveability in the face of dramatic and real climate change.Buildings wrapped in glass exteriors allow for natural light and expansive views of the cityscape but this also traps heat in the building by overexposing the interior to sunlight which again necessitates the use of costly air conditioners. Not only is this an inefficient choice, it is a damaging and costly way for the building to operate and also exacerbates energy shortages and electrical blackouts.Cambodia isn’t the only country facing the issue of overusing foreign development designs. India struggles through record-breaking heat, but architects and designers there are coming to grips with the consequences of poorly adapted buildings to the local climate. Architects and environmentalists are calling for a return to “vernacular,” traditional and locally-oriented designs that are better suited to India’s scorching heat and which require less energy to keep cool in the long term.For India, this means building out of the earth, rather than building out of concrete, glass, and metals, and the buildings’ orientation is designed to minimise sun exposure and make ample use of overhanging roofs and walls to shade buildings from heat. Climate-aware designers make use of traditional features like central courtyards for ventilation.Cambodian designers and developers must aim to employ techniques best suited to our particular climate and some already are.It’s important to note that “modernisation” doesn’t mean copying others. Local designers, or those operating from overseas in Cambodia, can create a contemporary and updated version for Cambodia. These examples below are embracing sustainable and localised designs:Urban Village - focuses on community lifestyles with high-quality architectural designs inspired by Cambodian traditional life.Angkor Grace Residence & Wellness Resort - located in Siem Reap, this development is a green-centred project utilising greenspace and solid wood panels that pay homage to Cambodia’s rich architectural heritage.Bakong Village - aims to revive the sense of community while living in the ‘village’. Combined with a walkable neighbourhood, this creates a breath of fresh air from the design trend that parodies foreign architecture designs.The Coconut Park and Trillion Park on Koh Pich - offer much-needed greenspace in the bustling capital of Phnom Penh.Kambujaya properties - offer residential shophouses that break the norm and has a courtyard in the centre which is open air & allows natural light and air to enter the inner part of the property.These shifts might necessitate a return to traditional Khmer elements of design. Designers can use alternative materials for construction and revive the concept of open spaces at the ground level to promote socialising as seen in many stilted houses in rural areas in the Kingdom.For Cambodia to make significant shifts in design philosophy, perhaps it is best to start with young designers. With Cambodia’s urban population set to increase to 7.92 million by 2030, which will account for 44 per cent of the total population (up from 6.13 million in 2019), action needs to be taken.Create more educational opportunities for sustainable buildings It is paramount that Cambodian students build with the future in mind. This is why imbuing students with applicable knowledge of sustainability is important.Currently, Cambodian design schools lack dedicated and specialised sustainability classes and there are few Cambodia-specific educational resources on the subject. Without Cambodia-specific educational tools, young architects and designers struggle to learn what design techniques, building materials, and building strategies can be employed for Cambodia’s specific climate.Furthermore, transdisciplinary workshops in which people from different fields of study can trade ideas may create even more opportunities.Small steps have already been taken. The "Sustainable Building Arena'' (SBA) organised by the Build4People project team, brings together innovative people from various backgrounds to collectively and transdisciplinary develop sustainability visions and solutions for Cambodia. Participatory and collaborative workshops like the SBA can help expose students to a sustainability mindset early on.A Summary - Designing for a Sustainable FutureCurrently, only some developers are designing sustainable projects but they should be encouraged to increase their output for a sustainable future.As for students, sustainable design classes are crucial to advancing their knowledge which can be enhanced by an open-source depository of information related to sustainable practices. Transforming our buildings and our cities into more sustainable and liveable spaces won’t be easy, but any step which moves us away from climate-ignorant design toward climate awareness can (and should be made) set Cambodia up to mitigate and adapt to a changing climate.Photos by Ravi Jayaweera

Changes throughout the recent years and into 2022 have been positive in the long run for Cambodia’s economic growth and the property sector in particular. It's easy to gloss over the rapid number and speed of change in the Kingdom, but some retrospective and openness to the changes reveal how international and domestic investors and property buyers should be positively assessing the opportunities in the growing Cambodian market.Better Regulations & SystemsThe new e-commerce laws will make it easier for foreign companies to operate in the Kingdom in the post-pandemic era and the easing of restrictions enabling large investments via cashless and digital payment systems are positive steps. The World Bank also confirmed that Cambodia has “one of the fastest increases in financial inclusion” among developing economies in East Asia and the Pacific, adding that “Double-digit increases in account ownership were achieved in Cambodia.”NBC also has said that a Real-Time Gross Settlement (RTGS) system is being developed to help facilitate large-value transactions.More cashless payments and the e-KYC will raise awareness, and transparency, as well as promote the use of new technologies and innovations, especially in the banking and finance sectors in the Kingdom. Binance signing an MoU with the Securities and Regulator Exchange Regulator of Cambodia (SREC) means the country will receive the support and development of the legal framework for regulating and bolstering the digital asset businesses in the country which comes at a time when blockchain technology is increasingly being utilised and adopted in the region and domestically. Furthermore, the signing of an MoU between Prince Group, Cambodian Investment Management, and Realestate.com.kh to collaborate on opportunities in attracting inbound investments through Cambodia’s Trust Law is also significant in attracting investment by providing a seamless, trustworthy, and transparent experience for foreign investors. Tom O’Sullivan (CEO of realestate.com.kh) said, it “offers a legal, transparent vehicle in facilitating real estate transactions for foreign investors”.From an administrative point of view, the establishment of 25 Capital-Provincial Investment Sub-Committees (CPISC) launched in Cambodia in 2022 will help decide and fast-track private investment and resolve disputes related to investment projects to allow for decision-making power at the sub-national level. Ongoing Investment and PotentialAccording to a recently published report by the Ministry of Economy and Finance (MEF), the real estate sector has grown by 2.5% in 2022, and in the first four months of 2022, there was an increase of 6.7% in home sales across condos and villas. The construction activity for residential villas increased by 60% while construction for apartments increased by a massive 183% in the first five months of 2022.In total, 1,679 new construction projects were approved nationwide in the first five months of 2022, and although this is down 8.2 per cent year-on-year, investments in construction are long-term commitments that require large amounts of capital.Foreign direct investment for 2022 and 2023 will recover to around 12 per cent and 11.6 per cent of Gross Domestic Product (GDP) respectively, while construction has been forecast to grow by 7.2 per cent in 2023, and real estate is expected to rise by 5.2 per cent in 2023.If these predicted datasets don't provide enough positivity, the recent EXPO 2022 attracted over 12,000 attendees and $30 million in property and real estate sales which is a reflection of the real-world positivity in the market. A large-scale event was held again for the first time in a long while and it was a great opportunity for the Cambodian market leaders to collaborate in a mind-sharing exercise that wasn't possible for two years. This allowed for better evaluation, planning and cooperation to ensure the sector and the country is putting their best foot forward in continuing to attract investment and economic growth.Why Cambodia Remains Attractive to InvestorsAs of July 2022, the Kingdom of Cambodia has waived the quarantine requirement for all non-vaccinated or non-fully vaccinated travellers visiting the country while Cambodia site near the top of the rankings in the Nikkei COVID-19 Recovery Index - despite ongoing concerns of variants of the virus which has slowed tourism growth. The tourism numbers are on an upward trend and we are still in the middle of the traditional quiet rainy season in Cambodia - but the latest estimate from the Director General of Tourism Development and International Cooperation of the Ministry of Tourism, Thong Rathasak, places a figure of 1.3 million tourists this year. Around 500,000 tourists visited in the first six months of the year.More airlines have been offering and expanding the number of flights and destinations to and from Cambodia in the first half of 2022 too which is a positive – offering travellers a variety of options and catering to various budgets. The business community continues to confirm an increase in meetings with international investors and business clients who are stepping on these shores again for the first time in two-plus years.Foreigners will also be looking to invest in Cambodia via the newly launched 10-year (so-called golden visa) which falls under the Cambodia My 2nd Home (CM2H) program. The CM2H program is open to all countries recognised by Cambodia with certain investment and financial requirements.

Cambodia continues to be an ideal destination for investors, property developers, and businesses aiming to expand their activities and increase their market presence within the ASEAN region.Cambodian Economic and Property RecoveryIt's important to sometimes take stock and assess the bigger picture, and to borrow popular cryptocurrency terminology, not buy into the hype or the FUD - if you are investing in the Cambodian market or buying property in the Kingdom, patience and perspective are key.Residual COVID impacts are still being felt, while global supply chain issues, the impact of the war in Ukraine, pending global recession fears and rising interest rates, plus the WHO announcement that monkeypox in July 2022 was a “Public Health Emergency of International Concern” which might scare off investors, it's actually potentially a great time to take opportunities.The nation’s economy increased by 3 per cent in 2021 despite the pandemic, and it has been forecasted to increase to between 4-6 per cent in 2022 (depending on which source you rely on). The country’s inflation rate is predicted to reach 4.7 per cent in 2022, while the forecasted inflation rate for 2023 is expected to drop to 2.2 per cent. More recently, global rating agency Standard & Poor (S&P) even forecast Cambodia’s gross domestic product to reach 6.3 per cent this year - which is higher than projections made by the World Bank, International Monetary Fund, and Asian Development Bank. The National Bank of Cambodia (NBC) governor Chea Chanto believes that Cambodia’s economy is projected to grow by 5.3 per cent in 2022.Cambodia is already reaping benefits from the newly-established Regional Comprehensive Economic Partnership (“RCEP”) agreement. In the first half of this year, Cambodia’s total exports to other member countries of RCEP were worth USD $3.28 billion. Over time, more employment opportunities (due to the increased production are expected), while knowledge-sharing aspects of the RCEP among the partnership’s members will be a boon for Cambodia and greater FDI will flow into construction and property development.Investment into CambodiaIn the first six months of 2022, the Council for the Development of Cambodia (CDC) also approved 63 private investment projects outside of the Kingdom’s special economic zones (SEZ), which is an improvement of 18 projects compared to 2021 over the same period.Keep in mind that China is still battling COVID-19 in its own way which is preventing the levels of investment and travel experienced before the pandemic. Regardless, Cambodia still attracted fixed-asset investment from China worth $1.29 billion in the first half of 2022 and China remains the top foreign investor in Cambodia, accounting for 43 per cent of the total foreign investment (worth $2.99 billion during the January-June period.)Cambodia has done well to diversify and attract FDI from other foreign nations which include Thailand, Samoa, the British Virgin Islands, South Korea, Singapore, Cayman Islands, Malaysia, Japan, and Australia. However, the important milestone to take notice of is that domestic investments have topped the investments in Cambodia this year thus far, accounting for $1.59 billion - this is a higher value than came in from Chinese investments in the first half of 2022. We have seen similar trends in the property market and the Cambodian condo market, which was historically dominated by foreign buyers, but has seen a remarkable increase in local customers amid the middle-class boom witnessed in recent times.Appetite for Property InvestmentThe 2022 Realestate.com.kh Real Estate Survey indicated there remains strong demand for housing in Cambodia from first home buyers, re-buyers, and local and international investors, with more than 90% of respondents indicated buying property is a good investment in Cambodia.The success of Cambodia's COVID-19 vaccination roll-out and the end of health restrictions do much to revitalise the economy and the property industry in 2022, with many in the sector still confident that foreign direct investment will surge over time.The most recent estimate from Aun Pornmoniroth, the Deputy Prime Minister, Minister of Economy and Finance, indicated sector growth was 4.8 per cent in real estate in 2022, and the existing demand for housing and office properties continues to drive the sector’s potential prosperity. The National Bank of Cambodia also predicted that the real estate and property sector will see gradual growth in 2022 due to the continuation of pending construction projects, resulting in the country’s overall increased revenue and economic growth.Bussineswire’s Cambodia Construction Industry Report 2022 expects the construction industry to grow by 6.3% in 2022 and register an annual average growth of 9.4% between 2023 and 2026. This is based on the ongoing investment in the infrastructure, commercial and residential sectors and robust interest in real estate.There actually will be a number of exciting developments in Cambodia in 2022 which should further entice investment, better utilise technology, and see markets respond to changing consumer and buyers behaviours.

The biggest names and brands in the Cambodian market are gathering for the premier property show of the year: The Realestate.com.kh EXPO 2022. The expo brings the country’s most well-known developers, projects, agencies, banks, insurance providers, telecom companies, and many other services all in one place - this coming July 2 to 3 at the Premier Centre Sen Sok.The Cambodian economy has been on the fast track back to recovery, being one of the first countries to reopen in South East Asia. And with renewed sense of confidence, Khmer buyers and international investors are back on their feet looking for the best deals on boreys, condos, and holiday homes all over the country!Are you ready for Cambodia’s biggest property show of the year? Sign-up now!EXPO 2022 Registration PortalBig sponsors, huge prizes valued at over $50,000Not only will property seekers be able to secure some of the best deals in property for the whole year, attendees will also be able to visit exhibits from the leading corporate and lifestyle brands in the country. Cambodia's Premium Internet provider, Ezecom will be powering the event with free wifi, Nham24 are on deck to providing the food throughout the two days, Provida Spring Water will keep you hydrated  and LM Car will make sure you can get to and from the event with 50% off on rides. There are over 200 chances to win big during the expo. With Legend Cinema providing three lucky winners - Diamond Hall vouchers and more, Princess Alanka - jewelry, iOne - Apple products, Watch Empire - Watches, Mitsubishi Heavy Industries - air conditioners, Fotile - water purifier, Rigo Wine Shop - wines, Beyond Design - furniture, Olympia Medical Hub and Intercare Medical Center - health check up packages, Seara Sports Systems - equipment and much much more. Leading Properties, Best Deals, Biggest Discounts Of course! The biggest names in property are all onboard including Prince Real Estate Group, Overseas Cambodian Investment Corporation (OCIC), Chip Mong Land, Morgan Group, Orkide Development, Golden Cambodia Century (GCC), Borey Bosba, Coastal City, Creed Cambodia, The Flora, KH Land, Borey Kasen Phnom Penh, Oasis Harmony, Golf Harmony, Borey Sovannaphumi, Borey HM Lucky Home, Borey Williams and over 60 more projects will be on display.The leading real estate agencies will also be there to discuss your property needs including project specialists Fazwaz Cambodia, Century 21 Cambodia, CBRE Cambodia, GCR and more. Buyers will also be able to consult with the top banks and finance related companies in the country on the day to help them secure their dream home including The Credit Bureau of Cambodia, Canadia Bank, Chip Mong Bank, Prince Bank, Sathapana Bank, Bank of China (Hong Kong) Limited Phnom Penh Branch, KB Daehan Specialized Bank Plc. and more.Attendees will also have the chance to test drive a brand new Maserati or Volvo at the event! Whilst home buyers can also checkout the latest in home furniture, appliances, design and other household needs from companies such as Fotile, WeWatch, Beyond Design, Ezecom, Cellcard, ADA, Smart Axiata.Industry Leading Property Seminars Get the best advice of industry experts through EXPO 2022’s exclusive seminars! The most trusted and well-known names in the industry are giving FREE seminars on wide ranging topics, from buying homes, spotting opportunities, as well as an expert outlook on the Cambodian economy.Here is the full list of seminars happening over the 2-day event:10:00 - 10:25 Mr. Ith Hero, Director of Statistics, National Bank of Cambodia10:25 - 10:50 Mr. Oeur Sothearoath, Chief​ Executive Officer, Credit Bureau Cambodia (CBC)10:50 - 11:15 Mr. Lawrence Lennon, Managing Director, CBRE Cambodia11:15 - 11:40 Mr. Tim Vanny, Chief​ Executive Officer, BOSBA Property Co., LTD1:15-1:45 Mr Chrek Soknim, President of the Cambodia Valuers And Estate Agents Association (CVEA)2:00 - 2:30 Ms Mom Sothavatey, Country Manager, Fazwaz Cambodia 2:30 - 3:00 Mr Sreraj Sutton, COO & Director, Century 21 Cambodia 3:00 - 3:30 Mr Kang Nin, Director and Partner, Golden Cambodia Realty3:30 - 4:00 Mr Chu Zexu 褚泽旭, General Manager, Morgan Group4:00-4:30 Ms. Ry Navy, OCIC4:30 - 5:00 Mr. Ngoey Thy, Assistant to CEO, KH Land Day 2 EXPO 2022 Speakers10:00 - 10:30 Mr. Anthony Galliano, Chief​ Executive Officer, Cambodian Investment Management & President of the American Chamber of Commerce 10:30 - 11:00 Mr Edward Lee, Chief​ Executive Officer, Prince Real Estate11:00 - 11:20 Mr. Chu Zexu 褚泽旭, General Manager, Morgan Group11:20 - 11:50 Zeus Lam & Sharen Liew, CM2H Project Director & CM2H District Director1:30 - 2:00 Ms. Hazel Zhao, Deputy CEO, Forte Insurance2:00 - 2:30 Hon. Meng Heang, Property Manager, C-Herald Cambodia 2:30 - 3:00 Ms. Smallove Teoh, Chief Marketing Officer,Titan Stone Group3:00 - 3:30 Mr. Eddy Wang, Deputy General Manager, Coastal City Seminars are free to attend for all registered attendees of the EXPO 2022!An Event Not to Be Missed!Registration and attendance to the event is free. Sign up for express entry to avoid long queues on the event day on July 2 to 3 at the Premier Centre Sen Sok!Register for the EXPO 2022

In line with an increased domestic tourism, Cambodian property seekers have been snatching up holiday homes all over the country! And Realestate.com.kh, the country’s largest online classifieds portal is giving you the chance to own your very own holiday home at the best prices - only at the Realestate.com.kh EXPO 2022!Holiday Homes at the Expo 2022Cambodia’s countryside is seeing increased development in terms of residential choices that take advantage and at the same time, preserve the environment that has made its holiday homes popular. The leading Developers of these holiday getaways are a welcomed addition to the 2022 EXPO and below are some of the most popular properties that are currently on the market.Golf HarmonyGolf Harmony is a Luxury Holiday Villa development in Phary Village, Prey Thnong Commune, Teuk Chhou District, Kampot town, secretly tucked in the midst of the Kampot valley, well hidden and surrounded by a green lush forest. By combining an extraordinary landscape with modern and quality edifices, Gold Harmony aims to show a new level of quality living for EXPO 2022 Attendees.Developer/Project Highlights HighlightsNew project in the serene town of KampotPinnacle of luxury living with high-class villas and amenities including a private golf courseMixed-used development with both villas and apartments availableOasis HarmonyOasis Harmony is a new breed of holiday villas that allow for a luxury lifestyle in Cambodia's most serene province: Kampot. With only 72 villas constructed, it's an exclusive neighbourhood with high-class amenities such as horse riding. This year, they are offering limited-time deals for attendees of the EXPO 2022.Developer/Project Highlights HighlightsExclusive and high-class neighbourhood with Grade A amenitiesProperties are treated to views of the lake and mountainsPlatinum CoastPlatinum Coast is a new development coming to Sihanoukville. Much like it namesake, Platinum Coast is a project looking to transform Ream, Sihanoukville into a high-class getaway filled with seaside amenities. They will be showcasing several of their offers to attendees of the EXPO 2022.Developer/Project Highlights HighlightsHigh-class project with similar quality amenities for a luxury countryside getawayLocated in Ream near the port town of Sihanoukville, a major residential and commercial centre in Southern CambodiaStar BayStar Bay Cambodia is one of the projects that best represent the advent of modern seaside developments in the Kingdom’s booming real estate sector. Star Bay's properties have been a symbol of investing and developing a sophisticated project in the fast-growing city of Sihanoukville. From the bottom to the top, Star Bay is carefully crafted to be everyone's dream home. And this year, Star Bay is offering exclusive deals and sneak peeks into what's coming - only for EXPO 2022 attendees!Developer/Project Highlights HighlightsOne of the biggest and newest prime developments in SihanoukvilleResort-style living available for investors and buyersComplete seaside amenities close to urban conveniencesCoastal CityThe development of Stardream Lake Tourism Town covers an area of 248 hectares of land which is planned to include an ecological park and two lakes in the future. The project will be built after the completion of its green spaces, natural ecology, and pristine beaches to lay the foundations of an entrepreneurial community and leisure tourism. Attendees at the EXPO 2022 will get a preview of what’s coming for Coastal City!Developer/Project Highlights HighlightsLocated in Botum Sakor, Koh Kong, another of Cambodia’s ecologically diverse provincesLarge-scale development complete with different styles of homes availablePristine green surroundings not seen anywhere else in CambodiaGet the chance to directly talk to developers and snag a deal of a lifetime this EXPO 2022 happening this July 2 to 3 at the Premier Centre Sen Sok. Register now!EXPO 2022 Registration Portal

Tbong Khmum Province, Cambodia - The construction project of National Road No. 21C reaches 37% completion as of late June 2022. The new road is being constructed with a total length of 114.62 kilometres starting from km 154 + 700 on National Road 7 in Sralop Commune, Tbong Khmum Province and is being complete at khm 30 + 400, National Road 71 in Svay Teap Commune, Chamkar Leu District, Kampong Cham Province.A delegation of the Ministry of Public Works and Transport (MPWT), including HE Senior Minister Sun Chanthol, visited the construction project last Jun 20, 2022 to inspect and monitor the progress of National Road 71C, reported to be built to the tune of $130 million.The National Road 71C is expected to create a new economic corridor in the Kingdom’s Northeastern regions by October 2024. Photo from the MPWT.The technical inspection delegation’s purpose is to determine whether the road is being built to specifications, monitor work by the contractors, and check on the overall progress of the new national road. The MPWT often conducts technical inspections on major infrastructure projects around the country.HE Sun Chanthol, the Minister of Public Works and Transport, addressed the media during their visit to the site. He went over topics such as the geographical situation surrounding the road, efforts to raise the road to avoid flood during Cambodia’s rainy seasons, construction of bridges and digging canals and drainage systems to ensure the road’s longevity.The Senior Minister reminded the construction workers and ancillary staff to ensure the quality of the road, as well as keeping the peace so as not to disturb residents living near where the road passes.National Road 71C is one of the latest projects by the Royal Government to create another economic artery, this time in the country’s Northeastern regions. The National Road 71C is expected to make transportation and logistics easier for industries in this region of Cambodia, particularly agricultural, industrial and tourism. Quality roads such as National Road 71C allow for faster transportation resulting in lower costs, especially with interregional trades with Cambodia’s neighbours.According to authorities, the National Road 71C will take 42 months to complete. With a target completion date of of October 2024, the national road is being built by Seang Construction Company with technical supervision from Guangzhou Wanan Technical Consulting Co.,Looking for Property in Cambodia? Let us help!

The Real Estate EXPO 2022, organized by Realestate.com.kh is bringing together developers from across Cambodia and around the world. Cambodia’s property market is bouncing back and we’re giving attendees the chance to check out the latest developments in the up-and-coming places from all over the Kingdom - only at the Real Estate EXPO 2022!Regional Developers Showcase DevelopmentsDevelopers from around Cambodia are coming to Phnom Penh for the Real Estate EXPO 2022 to deliver exclusive deals and sneak peeks into what’s coming all around the Kingdom.KH Land, one of the most established local names in Cambodia’s real estate, is already making waves with its new project in Kampong Speu reportedly going to be offered at only $16,990 per unit. But KH Land isn’t the only regional developer giving EXPO attendees great deals!Other developers and regional developments also joining are Borey Cheyoudom (Kampong Speu), Golf Harmony and Oasis Harmony (Kampot), Borey Lorn City Lotussea (Sihanoukville), Platinum Coast (Sihanoukville), Star Bay (Sihanoukville), Coastal City (Koh Kong), Angkor Grace Residence & Wellness Resort (Siem Reap).Developers will have representatives to showcase their projects at the Premier Centre Sen Sok from July 2 to 3, from 9:00AM until 06:00PM. Attendees will have the chance to directly speak and ask questions to developers, get exclusive discounts and prizes, as well as make a comparison and select their favorite project during the event!Find Your Dream Home At The EXPO 2022Realestate.com.kh brought back the Real Estate EXPO 2022 to help Cambodian property buyers connect with the best property developers in the country. This year, the country’s real estate market is set to bounce back and the EXPO 2022 is an avenue where property buyers can get the best deals on the best homes in Cambodia today.Register now for the opportunity to find your dream home this July 2-3 at the Premier Centre Sen Sok!Register for the Expo 2022

Panasonic Cambodia, in collaboration with the non-governmental organization Light with Dignity (LWD), has recently provided 1,050 Panasonic Solar Lanterns to people living in areas without access to electricity, particularly in Battambang and Pursat Provinces. Panasonic is helping rural Cambodia to address this problem by way of "Light up the Future" program, an initiative that provides assistance to people living in areas without access to electricity.Yasunobu Matsumoto, CEO and Country Head of Panasonic Cambodia, led the mission to Veal Village which was also accompanied by the district governor and other dignitaries. The recipients of the donation also included people from three other rural districts namely, Prek Pir Village, Ta Deh Village and Boeng Krolor Village in the provinces of Pursat and Battambang. Following the occasion, Mr. Yasunobu Matsumoto stated his excitement at meeting the people of Veal Village in person, as well as his desire for Panasonic Cambodia to become more active in community programs. "This is not a one-time effort, and Panasonic will continue to assist in improving the lighting condition of the people living in rural Cambodia," he stated.  Before they were distributed to the village, LWD conducted a survey to select the families that need the lanterns the most. Solar lanterns have many uses. People can use them for lighting up their own houses so that they can cook or their children can continue to study when it gets dark outside. These can also be used as a substitute for streetlights at night in those same areas.  A Panasonic Cambodia representative described how the firm is committed to creating an inclusive society free of poverty by participating in activities that address social issues. The "Light of the future” program is one of our social duties to end poverty, which is why we are partnering with LWD, a non-governmental organization that works with vulnerable people and communities to alter their personal and socioeconomic conditions towards self-sufficiency through a holistic development strategy." About Panasonic CorporationPanasonic Corporation is a global leader in developing innovative technologies and solutions for wide-ranging applications in the consumer electronics, housing, automotive, and B2B sectors. The company, which celebrated its 100th anniversary in 2018, operates 522 subsidiaries and 69 associated companies worldwide and reported consolidated net sales of 6,698.8 billion yen for the year ended March 31, 2021. Committed to pursuing new value through collaborative innovation, the company uses its technologies to create a better life and a better world for customers. Learn more about Panasonic: https://www.panasonic.com/global Founded in 2010, Panasonic Cambodia is the official representative office of Panasonic Singapore in Cambodia, responsible for the sales, aftermarket sales, marketing, and distribution of Panasonic products in both the B2B and B2C segments. Panasonic Cambodia also plays an active role in creating lasting, positive impacts to society and the communities it serves. For more information, please visit the Panasonic Cambodia website www.panasonic.com/kh

We’re less than a month away from the EXPO 2022 and the excitement is already building up! News of Cambodia’s biggest property show is attracting not just foreign investors but also foreign investment opportunities for the keenest Khmer investors.Part of the many properties to be showcased during the EXPO 2022 this coming July is an Australian property based in Melbourne: LOUISE.LOUISE, Everything You Want, and MoreLOUISE is a new and upcoming residential property in Melbourne, Australia. Located close to Melbourne’s CBD, LOUISE presents an ideal opportunity for investors looking for opportunities abroad, and in Australia, no less!Located a stone's throw away from the Alfred Hospital, one of the best in Australia10 minutes away from the top universities in Australia including Melbourne Uni & RMITOnly 2 kilometers from Melbourne’s Central Business District (CBD)Built by a trusted and experienced developer in AustraliaBeing one of the newest projects in the Melbourne downtown area, it enjoys the latest technologies and design for a modern residential home. LOUISE was designed by Cera Stribley, renowned architecture and interior design firm in Australia, to evoke a sense of home inspired by both the heritage of the neighborhood and contemporary buildings that mark its place in the future.Investing In Melbourne, Investing In The FutureWith a strong economy, world-class infrastructure, and robust job market, it’s easy to understand why Melbourne is the fastest growing city in Australia. Melbourne’s private and public sectors are investing heavily in key growth pipelines such as education, medicine, science, and technology.It’s worth noting that Melbourne has already attracted many Western and Asian investors, looking to establish their families in the city. After all, 2 of the Top 100 universities are located in Melbourne, the University of Melbourne and Monash University, making it the ideal place for students to study in the premier educational institutions in the world.Exclusive Look Only At The EXPO 2022LOUISE will be offering exclusive deals during the EXPO 2022 as one of its guest foreign property exhibitors. In fact, EXPO 2022 attendees will get an exclusive prelaunch look at LOUISE before it hits the Melbourne market.The EXPO 2022, much like its predecessor events, is expected to draw in several thousands of visitors over the course of 2 days from July 2-3, 2022 at the mega event venue: The Premier Centre Sen Sok.Don’t miss out on this chance to see what a modern home abroad can offer. Register now!Register For The EXPO 2022

The Peninsula Private ResidencesChroy Changvar, Phnom PenhThe Peninsula Private Residences is the finest residential development and home investment asset in Cambodia. The new development offers high investment opportunities, privacy, security, comfort, and a luxury lifestyle.This 25-storey condominium is situated in Chroy Changvar District, a new residential development zone to the East of the downtown Phnom Penh crossing the Mekong River. The development is located at a distance of approximately 150 meters from the Cambodian-Japanese Friendship Bridge which links the development's area to the city's Central Business District.Property HighlightsStarting Price: $147,680Multi-awarded DevelopmentLocated in a fast-developing district: Chroy ChangvarCloser to Cambodian-Japanese Friendship BridgeCurrently handing overLearn More About The Peninsula Private ResidencesMekong View Tower 6Chroy Changvar, Phnom PenhThe Mekong View Tower 6, developed by Bun Ches Groups Co. Ltd., is a condominium/serviced apartment complex in the rising district of Chroy Changvar. This development earned a great deal of attention during previous property sales for its well-designed residential units matched with a price tag suitable for many buyers in Cambodia. If you’re considering a great value development, the Mekong View Tower 6 should definitely be on your shortlist.Property HighlightsStarting Price:Great value property with its price and locationSurrounded by numerous residential & commercial developmentsGood rental investment due to locationReady to move-inLearn More About Mekong View Tower 6J Tower CondominiumBoeung Keng Kang (BKK), Phnom PenhThe 43-storey and 228-unit J Tower Condominium is so far the grandest, standing as an eye-catching landmark in the heart of the capital and providing numerous households with high-end and luxurious lifestyles - the Khmer Times.Located in Boeung Keng Kang, J Tower offers incomparable living in the world of amenities guaranteed by world-class Japanese standards. It offers a stylish and luxury-designed residence pool, fitness room, and sky-bar are symbols of the refined urban Japanese Lifestyle. The J Tower's ideal location puts it only 5 minutes from Aeon Mall, and near many renowned Japanese restaurants, Brown coffee, a hospital, and a safe neighborhood largely made up by expatriates and upper-middle-class Cambodians.Property HighlightsStarting Price: $115,000World-class Japanese standardsWide range of amenities and commercial spots nearbyComfortable and secure with many expatriatesReady to move-inLearn More About J Tower Condominium

MORGAN TOWER, PHNOM PENH - Realestate.com.kh is bringing back its massively popular Real Estate EXPO this coming July 2 & 3 at the Premier Centre Sen Sok. The Real Estate EXPO 2022 is one of Realestate.com.kh’s offline events pushing the real estate and related industries to new heights and delivering exclusive deals and vital services to the growing Cambodian market - all in one place.The Real Estate EXPO is a series conceived by Realestate.com.kh’s founder Moek Chenda and the company’s CEO Thomas O’Sullivan with the vision of creating an event where buyers can secure some of the best deals in real estate, attend free property seminars and enjoy a great day out with the whole family by visiting some of the attractions such as the latest in property technology, car test drive areas, and kids entertainment zone. The biggest names in property development across Cambodia will be on display including OCIC, Orkide Development, Chip Mong Land, Borey The Flora, Golden Cambodia Century, Morgan Group, Prince Real Estate,  Borey Kasen, Borey Bosba, Borey Arey Ksat, Coastal City and many more. To complement the home buying decision the leaders in banking, finance and insurance will also be there to consult buyers. As will the leading real estate agencies in Cambodia such as CBRE Cambodia, Cambodia Properties Limited, GC Realty, Pointer Property and property investment specialists Fazwaz Cambodia.Register As An Attendee or ExhibitorWin Big At The Realestate.com.kh EXPO 2022Apart from securing the best deals in real estate and other mid to high-end items, attendees will all go into the draw to win some of the biggest prizes ever seen at similar events, including jewelry from Princess Alanka, Watches from Watch Empire, Equipment from Seara Sports Systems, movie tickets from Legend Cinema, Appliances from both Fotile, Mitsubishi and many, many more. Property developers and exhibitors will be offering a variety of buyers incentives during the two days including huge discounts and show-only lucky buyer prizes including property & cars!When, Where, and What Time? The Real Estate EXPO 2022 will be held at the Premier Centre Sen Sok. The EXPO 2022 will start on July 2 & 3, Saturday and Sunday from 9:00 am until 6:00 pm both days. The Real Estate Expo 2022, Above and Beyond Properties & Services“We have not been able to do an offline event of this scale since our record-breaking events in 2019, whilst not surprising we have really been overwhelmed with the response from both exhibitors joining the expo, as well as very good signs from attendees with 5000+ people already signed up to attend the event,” said Thomas O’Sullivan, Realestate.com.kh CEO.“Ultimately, our goal is to give buyers and Cambodian families an opportunity to get the best deals in real estate of the year, and to create an experience where they can have a great day out together. By adding attractions and activities such as seminars from the leaders in the property industry, kids play areas, cars, an extensive food & beverage and more allows us to not only put on the biggest and best property expo but to create a great day out for the whole family” Mr. Thomas said.Register As An Attendee or ExhibitorA Series of Record-Breaking SuccessesThe most recent Real Estate EXPO held in Naga World Phnom Penh in 2019 was a major success that broke the country’s biggest property sales event ever in Cambodia with a whopping $ 30 million in sales and attracted over 20,000 visitors.  Earlier in 2019 the Home & Lifestyle event attracted more than 15,000 attendees and reached over $20 million in sales. Cambodia’s Leading Boreys, Condos, Agents, Banks, Lifestyle & Corporate brands The who's who of Cambodia's property market and ancillary services are already onboard with more coming as the EXPO 2022 on July 2 & 3 draws closer.Major sponsors & key supporters include: The Khmer Times, Cambodian Investment Management, Princess Alanka, B2B Cambodia, Watch Empire, Mitsubishi Heavy Industries, Panasialife, Gold Zone Media, Seara Sports Systems, Fotile, and LM Car.Exhibitors  include: Orkide Development: Orkide The Botanic City, Orkide The Pochentong, Orkide The Royal Condominium, Morgan Group: Morgan Tower, Morgan EnMaison, Overseas Cambodian Investment Corporation (OCIC), Chip Mong Land, Prince Real Estate Group, Creed Cambodia, Canopy Sands, Borey Kasen Phnom Penh, Borey Bosba, Borey Williams, Genrich Investment, Credit Bureau of Cambodia, Chroy Changva Satellite City, Norea City, Borey Heng Heang, The Elysee, Elite Town 3, Olympia City, Borey New Hope, Kien Svay Plaza, Tourism City, Diamond Bay Garden, Golden Cambodia Century (GCC): Borey Nadi, GC Orussey Market, Borey The Flora, KH Land, Platinum Coast, Golden Cambodia Realty, Phnom Penh Galaxy Garden, Coastal City, Century 21 Cambodia, Oasis Harmony, Golf Harmony, City Gem, Borey Lorn City, Fortune City, Borey Arey Ksat, Borey Chey Oudom, One 70, LM Car, Fotile, JTH Lawyers, API Global, TCU Polys Enterprise, Harvey Law Group, Beike Realsee, FazWaz, Buildmax International, Sathapana Bank, Cellcard, Yuan Dian Advertising MediaMedia partners include: Khmer Times,  B2B Cambodia, AmCham, ADA, Cambodia Investment Review, Property Area Asia, Gold Zone Media, The Cambodia China Times, Thmey Thmey, Enjoy Cambodia, Business Cambodia, FreshNews, Koh Santepheap Daily, Kampuchea Thmey Daily, ThmeyThmey, CNC, BTV, PNN, Hang Meas, CTV, TVK, CTN, Jianhua daily, Cambodia China Times, PanasiaLifeRegister As An Attendee or Exhibitor

On May 27th, Prince Trust, a member of Prince Holding Group (“Prince Group”), one of Cambodia’s largest business groups spanning across real estate development, financial services, and consumer services, has signed a memorandum of understanding (MoU) with Cambodian Investment Management and Realestate.com.kh to collaborate on opportunities in attracting inbound investments through Cambodia’s Trust Law.The MoU ceremony was presided by Michael Chiam, Board Director of Prince Trust, Anthony Galliano, CEO of Cambodian Investment Management, and Tom O'Sullivan, CEO of Realestate.com.kh.Based on the terms of the MoU, the three parties will work towards co-creation of joint capabilities in attracting investment by providing a seamless, trustworthy, and transparent experience for foreign investors. With Cambodia experiencing rapid growth and the passage of the Trust Law in 2019, Prince Trust was established to assist investors looking to venture into Cambodia.Michael Chiam, Board Director of Prince Trust noted ”We established Prince Trust to assist foreign investors looking to venture into Cambodia by promoting trust law. Together with the strong credibility and market awareness of Cambodian Investment Management and Realeastate.com.kh, we will be able to leverage on our respective competitive strengths in addressing the needs of foreign real estate investors looking into Cambodia”While Anthony Galliano, CEO of Cambodian Investment Management, championed the term “Invest Cambodia” in his remarks, noting that Cambodia's remarkable management of Covid 19 has prepared the market for a rapid recovery and “the country has never been better placed for foreign investment”Tom O’Sullivan, The CEO of Realestate.com.kh noted that “website traffic had grown past 200,000 visitors a month over the first half of 2022, with over half of the traffic from international markets” which is a sign that international investment in Cambodia is again on the rise. O’Sullivan went on to say that he “was looking forward to again being a pioneer in the industry along with Prince Trust and Cambodian Investment Management in educating the international investor market and local sellers about the trust law in Cambodia, which is a legal, transparent vehicle in facilitating real estate transactions for foreign investors”What is a Trust or a Real Estate Trust?A Trust is one of the mechanisms to help investors manage their assets. A trust is a way of holding and managing property, whereby the person setting up the trust (called the grantor, settlor, or trustor) transfers property to a trustee, who manages the property for the benefit of others (called beneficiaries).For more information, please visit www.princetrust.com, www.princeholdinggroup.com, www.facebook.com/CambodianInvestmentManagement, and www.realestate.com.khLooking for property investments in Cambodia? Let us help!

Cambodia’s Premier Property Show is back with the biggest developers in Cambodia including: Orkide Development, Morgan Group, Overseas Cambodian Investment Corporation (OCIC), Prince Real Estate Group, and many others COMING TO YOU - ALL IN ONE PLACE!The Real Estate EXPO 2022 is fast approaching and Realestate.com.kh, Cambodia’s largest real estate classifieds platform, is proud to announce the first wave of exhibitors!The Real Estate EXPO 2022 is Cambodia’s premier property show featuring agencies, developers, banks, insurance companies, and other services that homebuyers and investors need when buying property - all in one place.Key exhibitors for this year's EXPO 2022 include:Orkide GroupPrince Real Estate GroupChip Mong GroupOverseas Cambodian Investment Corporation (OCIC)EZECOMHGB GroupCentury 21 CambodiaWith well over 30 exhibitors already booked and preparing for the first expo in over two years, buyers can expect to find some of the best deals in property for the year, with most developers offering exclusive show-only discounts on select units with some even offering discounts of up to 20%! Real Estate Seminars from Industry ExpertsWhile there will be several dozen properties and developers present during the event, the question remains: Which property do you buy?One of Realestate.com.kh's missions is to educate property buyers. And with the biggest names in real estate all gathering in one place, Realestate.com.kh will be hosting a series of seminars showcasing the opportunities - present and upcoming - in the Cambodian property market. Several notable personalities from big developers, reputable agencies, as well as well-known international consultancy firms will be sharing insights and tips over the 2-day event.Speakers already confirmed for the event are:Mr. Ith Hero, Director of Statistics, National Bank of CambodiaMr. Oeur Sothearoath, Chief​ Executive Officer, CBCMr. Lawrence Lennon, Managing Director, CBRE CambodiaMr. Chrek Soknim, President of the Cambodia Valuers And Estate Agents Association (CVEA)Ms. Mom Sothavatey, Country Manager, Fazwaz CambodiaMr. Seraj Sutton, COO & Director, Century 21 CambodiaMr. Kang Nin, Director and Partner, Golden Cambodia RealtyMr. Chu Zexu 褚泽旭, General Manager, Morgan GroupMs. Ry Navy, Head of Sales Division, OCICMr. Ngoey Thy, Assistant to CEO, KH LandDon't miss out on expert insights that could land you your dream home or your next big investment!Special EXPO 2022 Raffle EventThe EXPO 2022 is sponsored by big names in the Cambodian consumer market. From commodities to big-ticket items, attendees will have the chance to win exclusive prizes - worth those of being included in the Kingdom's biggest property show of the year!The event is completely free to attend, and make sure you sign up for express entry to avoid the queues on the day! The Real Estate EXPO 2022 is happening this July 2nd  and 3rd at the Premier Centre Sen Sok, located in the fast-urbanizing district of Sen Sok and directly in front of AEON Mall 2 - the largest purpose-built shopping mall in Cambodia.Interested in joining the event as an attendee?Register for the Expo 2022

In Phnom Penh’s ever-expanding condo market, developers are always on the lookout for an edge against the competition. Unique architectural approaches, strategic locations, and even economical pricing have been utilized by property developers to make a splash in the property market.The Penthouse Residence, a high-end residential project in Tonle Bassac, Chamkarmon, is standing out by sticking to the fundamentals of residential projects: Providing a comfortable daily living experience for its residents. And it does this through support from Panasonic Cambodia.Panasonic Cambodia, Providing for Businesses in CambodiaPanasonic is a leading global appliance manufacturer providing high-quality products to businesses worldwide. Panasonic Cambodia has established itself as a reliable partner among businesses in the Kingdom.Residential and commercial developers in Cambodia are always looking for top-end appliances and other electronics in their projects and Panasonic Cambodia’s wide range of products cover much of the ever-evolving needs of developers. Panasonic complements its wide range of products with expert technical expertise as well as software to efficiently manage and scale operations according to business needs.A Panasonic Product for Every NeedThe Penthouse Residence, being a high-end residential, chose the finest products only Panasonic could provide. Olivier Belloy, Project Manager of The Penthouse Residence, cited Panasonic's air conditioner offerings that fit the project’s needs.“For this project, we decided to install a few types of air conditioners. From 1-bedrooms that only need single split to 4-bedroom units that require multiple split systems,” he said, highlighting the multiple uses Panasonic’s product line has for the project.Olivier Bolley added that The Penthouse Residence uses several other Panasonic products such as a television, refrigerator, and washing machine. “We’re also aware Panasonic offers more products such as an intercom system”.Expert Technical and Software SupportOlivier Belloy, Project Manager of The Penthouse Residence mentions Panasonic’s Airconditioning Management System (P-AIMS) software and technical support for its operations.“We can also control the system from our control room. We have our Panasonic software, and we can control a few parameters, including temperature” Olivier added, “We can even lock the temperature [of a particular space] to 24 - 25 degrees Celsius without having to use the controller”.Panasonic also provides technical support for its products and ensures its systems are well maintained and tuned for the demands of high-quality condominiums like The Penthouse ResidencesThe Ultimate Advantage of Panasonic nanoe™X TechIn a time where an outbreak can stifle economic activity for months and even years, Panasonic’s nanoe™X technology found in its air conditioner line-up ultimately delivers peace of mind for guests, workers, and business owners. Cambodian shoppers and business owners have little to fear as public spaces outfitted with Panasonic air conditioners and supporting systems ensure bacteria and viruses are eliminated, allowing them to go about their day, safe in the knowledge that they are well-taken care of.Looking To Install Panasonic In Your Business? Inquire Here

Demand for housing in Phnom Penh continues to grow with Cambodia’s returning economic outlook. Realestate.com.kh, Cambodia’s largest real estate classifieds portal, recently provided some insight into the Kingdom’s property market in early 2022.According to the Real Estate Survey 2022, demand for property in Phnom Penh shifted from central locations to its outer districts. Out of over 2,300 respondents, Chroy Changvar has become the most preferred location among homebuyers. The peninsular district has increased its appeal to property seekers from 12% in 2017 to 21% in 2022. This is largely in part due to present condominium developments in the south of Chroy Changvar, boreys opening in the north, and the opening of other commercial properties such as a new Makro opening in the district.The sale prices of condominiums have also increased since the start of the year. Median sale prices of condominium units in the city have surged from around $100,000 at the tail-end of 2021 to now over $130,000 as of April 2021, according to Realestate.com.kh’s Market Trends. While it is not yet clear whether prices will continue to surge, interest in the area has been on the rise based on the website’s traffic data. While the peninsular district’s potential as a new property hotspot builds, central locations such as Daun Penh, 7 Makara, Toul Kork, and Chamkarmon have not entirely been left behind. These areas make up a total of 27% when it comes to preferred locations when buying property. These areas still hold the most economic activity as well as home to high-end renters, a section of the market starting to come back with Cambodia’s easing of entry requirements.The sale prices of western-style condominiums in these areas have largely held at $130,000 to $150,000, save for modern condos in Daun Penh which soar well above $200,000. When it comes to rental prices, renters are looking at a ballpark of $700 to $800 as median prices for modern apartments and condominiums in central areas.Realestate.com.kh is home to thousands of residential and commercial property listings as well as partnerships with banks and insurance companies for loans and coverages. Cambodia’s premier property show, the EXPO 2022, organized by Realestate.com.kh, is where home buyers and investors can find properties offered at special rates along with exclusive deals from banks and insurance companies all in one place - this coming July 2nd and 3rd at the Premier Centre Sen Sok.Register for EXPO 2022

Chroy Changvar has been in the eyes of both property seekers and developers for years. The peninsular district has been a hotbed of both borey developments as well as modern high-rise condominiums that have exploded in popularity recently. And adding to its continued residential viability is the announcement of a third Makro establishment coming this 2022.The third Makro is estimated to cost $12.7 million according to Makro Cambodia Co. Ltd. Makro is a Thailand-based retail company and this will be their third project in Cambodia, the first two being located in Sen Sok in Phnom Penh and in Siem Reap, respectively. The new Marko is the expected 161 jobs and taxes it will generate for Chroy Changvar.The third Makro will be located in Bak Khaeng subdistrict, the same area where the Morodok Techo National Stadium is, and the WorldBridge Sport Village, the first-ever sports village in Cambodia and the designated venue for the upcoming SEA Games 2023.According to Realestate.com.kh’s Market Trends data, the median sale price of high-rise residential developments has recovered from around $100,000 to $130,000, a 30% rise compared to May 2021. Median rentals for apartments have also held at $500 for western-style units. New condominium developments, especially in the southern portion of the peninsular district is turning the area into a commercial and condominium hub.Cambodia’s non-stop infrastructure development is similarly adding to Chroy Changvar’s potential. Earlier this year, plans for a bridge connecting Phnom Penh to the Arey Ksat area in Kandal province were also approved and will be located in southwest Chroy Changvar. At present, residents traveling from the area are using ferries to cross the river. A bridge connecting highly populated areas is bound to shorten travel times and increase economic activity.Looking for property in Chroy Changvar? Let us help!

Bokor, Kampot - The sleepy town of Kampot is about to open to the international market with a new large port starting development worth $1.5 billion. The new project, called the Kampot Logistics and Multipurpose Port, has recently started construction and will cover more than 600 hectares of land. The new port is being invested in by the Kampot Logistics and Port Company Limited, a Cambodian company based in the province.The first phase of the plan will require about 200 million US of capital. This phase includes container fields, special economic zones, free trade zones, logistics centers, warehouses, customs and manufacturing plants. Fuel refineries and energy distribution infrastructure will also begin in this phase. Means of transportation, specifically use of ferries headed for Phnom Penh is also being looked at to quickly transport goods, workers, and tourists.The location of the multi-purpose port has a water depth of about 15 meters and can accommodate ships of 100,000 tons. Once fully operational, the port will have a capacity of 300,000 TEUs of cargo by 2025 and scale up to 600,000 TEU by 2030. According to company plans, the first phase will take about 18 months to complete.Its location in Kampot has been strategically selected for its logistics and port functions. The area is shielded from natural disasters such as typhoons by Koh Thmey, Koh Ses, and Koh Tral. The company is also experienced in constructing naval facilities, bringing their experience to fortifying their more civilian-oriented project.Kampot Logistics and Multipurpose Port is one of the first large-scale projects to be undertaken by a local company. Once completed it will greatly contribute to the growing economic and social development across Cambodia by opening another gateway apart from the Sihanoukville Autonomous Port and the Phnom Penh Autonomous Port.The massive development is estimated to directly and indirectly create 10,000 jobs and is likely to create a more economically vital Kampot.Looking for property in Kampot? Let us help!

The completion of the Phnom Penh-Sihanoukville expressway will play a key role in further pushing Cambodia’s economic growth for decades to come. Photo from the MPWT.As of later April 2022, 90.95% of the Phnom Penh-Sihanoukville expressway construction project has been completed, and it is expected to be open for public use in July. Prime Minister Hun Sen will attend and preside over its official opening ceremony.Being Cambodia’s first expressway, the construction of the Phnom Penh-Sihanoukville expressway (also referred to as the Golden Port Expressway) cost 2 billion USD and was built with the aid of the Chinese government. The expressway spans five provinces, starting at the third ring road in Phnom Penh City and ending in Sihanoukville Province. Its total length is at 187.05 kilometers with a two-way 4-lane system, each lane being 3.75 meters wide. The running speed limit for the expressway will be at 80 to 120 kilometers per hour.The highway itself includes 7 intersections, 3 rest areas, 1 parking lot, 4 operation and maintenance centers, 40 major and medium-sized bridges, and 5 small bridges. For scale, the highway is 80.8 kilometers away from the province, 1.92 kilometers away from Koh Kong, and 89 kilometers away from Sihanoukville. For the safety of those using the expressway, a green isolation belt was placed in the middle, with galvanized steel pipe guardrails on both sides of the road to prevent animals from passing through. The construction also utilizes a modified asphalt technology, which is compatible with Cambodia’s weather thus improving pavement performance and extending service life.The Phnom Penh-Sihanoukville expressway was funded by the China Road and Bridge Engineering Co., Ltd., operating in a BOT (build-operate-transfer) system. Construction officially started on March 22, 2019, with a construction period of more than 3 years and an operation period of 50 years. Being Cambodia’s first expressway connecting Phnom Penh and Sihanoukville, it plays an extremely important role in the Kingdom’s socio-economic development. It also is the first step in Cambodia’s layout of the national transportation network system.At present, the travel time from Phnom Penh to Sihanoukville takes about 4-6 hours. Once the expressway is completed, the journey will be shortened to a mere two and a half hours. The project will facilitate the transportation of goods between the two economic centers while also creating nearly 10,000 jobs. Once completed, it will not only fill the gap in Cambodia’s infrastructure needs but also help stimulate provincial and national economic growth.The toll standard for the Phnom Penh-Sihanoukville expressway has yet to be determined, however. If the standard is at 10 cents per kilometer, the cost of making the whole journey itself would be close to 20 USD. H.E. Sun Chanthol, Minister of Public Works and Transport, previously stated that the toll standard for expressways around the world is generally at 10 to 15 cents per kilometer, which is a high cost for ordinary Cambodian citizens. The Ministry of Public Works and Transport has already proposed contracting companies to make toll rates on highways go down to less than 10 cents per kilometer, allowing more people across the country the financial capability to use the highway.The government is also negotiating with investors to allow free public testing of the expressway for a period of time before the official opening. This is to help the general public experience the expressway themselves and thus understand the costs entailed. In addition, the government has declared that on Cambodian public holidays, the highways will be free of charge.Looking for property in Cambodia? Let us help!

Land and condos are the most popular choices for investment for property buyers in 2022, according to the latest Cambodia Real Estate Consumer Sentiment Survey. Photo by Khmer Times.Phnom Penh’s property market is picking up with renewed confidence from property buyers both local and abroad. The Cambodia Real Estate Consumer Sentiment Survey 2022, an annual study made by Realestate.com.kh, the largest real estate online classifieds portal in the Kingdom, was recently concluded and covered several aspects of the property market under COVID-19.Demographics of the SurveyThe Cambodia Real Estate Survey 2022 was completed by more than 2,300 respondents over a period of 3 weeks from January 14 to January 28 2022. The respondents are a mix of those born in Cambodia (47%), while 29% are Asian nationals, and 23% from Western nationalities. Our first Survey in 2016 had a 68% Cambodian response rate. After Cambodians, the single biggest nationality of respondents was Chinese.A More Affordable Sales MarketThe survey suggests more Cambodians believe that property is affordable now (82%) compared to 2016 (59%). However, wages have also increased since then, so it makes sense that property is now more affordable to buyers in Cambodia.Realestate.com.kh website data indicates real estate prices have generally decreased over the past 2 years. However, depressed prices have not flowed to land and landed property (such as boreys); in some cases, prices have increased. This was reinforced by the survey results indicating that a third of local respondents believed prices had gone up during the year. Therefore, it is not surprising that land remains a core investment target for local buyers.Land remains the most popular property type in 2022, followed by Condominium/apartments, Villas, Shophouses, and Linkhouses.Condo Rentals Back On The RiseAlthough house types (Shophouse, Linkhouses, and Villas) are the most popular properties to rent, 31% of all respondents indicated they wanted to rent a condo or apartment.Among only the Cambodian respondents, houses account for nearly a third of their preferences, while land also had a strong attraction. For Chinese (60%) and Westerners (47%), condos are more favourable, while Villas were their next biggest preference.Of the respondents, around a tenth have a rental budget of over $2,000 per month, indicating a healthy appetite for high-end rentals, especially around the BKK1 area. The vast remaining majority have a monthly budget of between $500 - $1,000, while nearly a fifth are in the $1,000-2,000 range.High Demand For Home LoansIn Cambodia, banks have historically focused on existing housing stock and properties within boreys (gated communities). A majority (56%) of all respondents indicated that they require a mortgage in order to purchase their property in Cambodia. Around a third of those surveyed currently have a bank or home loan. As more Cambodian buyers start to consider condominiums, some banks are starting to offer special financing options for local condo buyers.Download the 2022 Real Estate Survey by scanning the QR Code below.

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.