Guest Contributor: Aronsakda Ses - Junior Research Fellow -  Future ForumThis week we hear the first of a two-part series from Aronsakda Ses (Junior Research Fellow from Future Forum) who provides commentary on Siem Reap's urban development, exploring urban development strategies that can help ‘temple town’ grow without jeopardising the region's cultural, historical landmarks and ecology. Siem Reap Can Neither Grow Tall Nor Wide, How Will It Grow? Siem Reap holds a special place in all Cambodian’s hearts. Therefore, it isn’t surprising to hear varying and conflicting opinions about the future development of the area that is sacred to so many in the Kingdom and beyond its borders.In February 2022 at a real estate workshop, a prominent real estate tycoon was critical of the strict building regulations imposed to protect the landscape surrounding Angkor Archeological Park, preventing the construction of highrise buildings which drew criticism and caused him to issue a public apology.A different perspective and observation of this episode reveal the apparent desire among Cambodians to retain the unique characteristics of the city and the surrounding province due to the heightened cultural and symbolic significance of the temples in the Angkor Archaeological Park. But this desire does keep Siem Reap’s residents in a conundrum - where all development must walk a very tricky tightrope between progress and respect for the past.Given the government’s redoubled efforts to attract more and more tourists and the needs of the city’s own inhabitants, it seems inevitable that Siem Reap will grow, one way or another. It is imperative that we figure out how the city can grow without damaging its cultural sites and fragile ecological balance.Siem Reap - Neither Tall nor WideDeveloping Siem Reap into a city replete with tall buildings - as lamented by so many - would possibly destroy the cosy and tranquil natural setting that the town is known for. But a Siem Reap which endlessly sprawls into the countryside is no better. Yet, this is the trajectory the city is currently on. Automobile dependency is a major factor behind Siem Reap’s urban sprawl. Many projects are located in Siem Reap's outskirts and along its Ring Road, placing them farther and farther away from existing amenities and services. This is compounded by the project's singular land-use focus, for example only including housing rather than mixed-use developments. This means that local neighbourhoods lack basic amenities and services, forcing residents to make many long trips by car or motorcycle.This demand for travel manifests in larger and larger roads, like Road 60 leading to the new airport which is under construction, as well as parking lots to cater to vehicle usage. Roads with high traffic speeds and volumes create an unsafe environment for every other road user. This results in pushing more people to drive and makes them less likely to take advantage of other commuting options (although increased public transport options are also needed). Hence, the superfluous vehicle-centric infrastructure leads to congestion; necessitating even more vehicle infrastructure - a self-perpetuating cycle.Siem Reap has undergone a major transformation of 38 major inner-city roads during the pandemic - also included was the installation of 200 security cameras, 20 traffic lights, 5000 street lights, 3000+ trees, as well as adding dedicated bicycle paths. In addition, a large roundabout at Svay Thom market and a new traffic bypass are also planned to reduce traffic congestion - however, these only really benefit the centre of the city.Siem Reap’s outer districts still face sprawling development, traffic gridlock, and poor walkability as a result private vehicles become the de-facto mode of travel, which degrades the physical quality and livability of its inhabitants. The Case for CompactnessAn alternative future for Siem Reap, in which the city aims for compactness rather than sprawl, results in urbanism that is radically different from the current car-centric model. A comparative case study between the city of Atlanta in the United States and Spain’s Barcelona aptly illustrates the differences between a city that sprawls and a city that focuses on efficient development.Atlanta is a typical US car-dependent city covering 7,692 square kilometres with 5.3 million inhabitants. While Barcelona, with a similar population, covers an area only one-twelfth that size.Where Atlanta has oversized roadways, parking lots and strip malls, Barcelona has pedestrian streets, plazas, corner stores and residences - all within the same city block. Atlanta experiences gridlock traffic, poor urban mobility and excessive carbon emission, while Barcelona zips its citizens around on an efficient transit system augmented by walkable and bikeable neighbourhoods. Where Atlanta copes with an insufferable urban heat island due to an ocean of concrete and asphalt surfaces, Barcelona chills inhabitants with trees, parks and waterfronts.The contrast could not be more apparent, especially in cities with similar populations. Furthermore, Barcelona is not a concrete jungle of endless skyscrapers. Most of its buildings are only 5-6 floors high, yet it manages to pack more housing, shops, services, and activities in each square kilometre. No doubt these characteristics help propel the city to sit high in most global liveability indexes.The example set by Barcelona proves that compact development does not have to be claustrophobic and vertigo-inducing to be successful. In fact, optimal density and compactness are an advantage, because it brings homes, jobs, education, services, etc. closer together, it makes public transit and active commuting more viable, and the smaller urban footprint of the city helps preserve surrounding ecosystems.The lessons from Barcelona and other compact but vibrant cities can serve to inspire Siem Reap's development path.For Siem Reap - Compactness is the WayYou may be wondering: would prioritising compactness lead to the construction of taller buildings in Siem Reap? The answer is no in my opinion. Efforts to limit sprawl, paradoxically, do not always directly lead to skyscrapers - as evident in Barcelona.Compactness means intensifying the usage of space in an urban area. Buildings should be mixed-use and multi-purpose, containing housing, restaurants, grocery stores, etc. Following a compact model would mean that developers avoid creating spaces which only have limited usage like garages and golf courses. Instead, public spaces, plazas, and parks that serve all manners of social, cultural, leisure and economic functions should be prioritised. Encouragingly, several developers already embrace the value of compact and mixed-use development. There are excellent examples that demonstrate the convenience and attractiveness achieved by designing residences in human-scaled, walkable, and mixed-use developments,  are:Bakong VillageRose Apple SquareAngkor GraceLikewise, transportation must also be condensed. The construction of endless highways, swathes of parking lots and countless garages should be avoided. Instead, space for commuting should be condensed into more efficient modes like bus transitways, cycling lanes, and pedestrian corridors which carry more traffic, are cheaper to operate and more sustainable to maintain.Compactness simply calls for the intensification of usage of space we already occupy, which in turn decreases demand to build tall or build sprawl to begin with.Achieving compactness in Siem Reap calls for carefully designed neighbourhoods which are mixed-use, walkable, contain a myriad of people-centred spaces and are integrated with an efficient transportation system. One critical policy tool to ensure Siem Reap develops in such a manner is a mobility-based land-use master plan.Correct Land-use Planning is Key A planning policy where land use is based on mobility profiles means that a building’s placement would take into account how users commute to and from it, and the intensity of traffic generated by users of that space. The advantage of a mobility profile allows planners to distinguish between buildings which generate different amounts and different types of traffic.Small shops, food and beverage establishments, and retail stores where users can arrive by foot would fall into a “light” traffic zone, characterised by prioritizing public transit and active commuting. Siem Reap’s centre with its many small streets like Pub Street and Sok San Road is home to many such establishments and therefore should be categorised accordingly.Furthermore, areas along the Siem Reap River stretching from Wat Damnak to Wat Preah Enkosey should impose a "restricted" traffic zone where no vehicular traffic is allowed; except for emergency and public services vehicles. This is especially relevant in fostering social, cultural, and economic activity in the heart of the city, as well as enlarging the public space inhabitants and tourists can enjoy.For buildings which require frequent vehicle access, Siem Reap planners can designate zones of “heavy” traffic located along major roadways. Such “heavy” traffic zones should be located away from the city centre and be limited to a few areas to avoid conflict with other zones. This planning tool also helps streamline traffic by restricting sites that generate heavy vehicle traffic from being located near intersections where they would dramatically impact traffic flow.Making land-use decisions based on impacts on urban mobility is preferred compared to the current land-use masterplan for the city, which strictly adheres to traditional zoning practices of categorising zones by their expected function, i.e residential, commercial, industrial, etc.In essence, a mobility profile allows planners to tailor Siem Reap’s buildings to work with the local street network and its transportation plans. For Siem Reap to ThriveDespite sounding contradictory, it is possible for Siem Reap to grow and prosper while also preserving its unique blend of characteristics. A mobility-based land-use policy would allow planners to better adapt growth around the unique needs of Siem Reap, maximising livability, and negating negative impacts on the traditional feel of the city. This compact form of urbanism, coupled with public transit and active commuting can minimise the need for the current levels of expansion which threaten Siem Reap’s small-town atmosphere, its priceless cultural sites, as well as the fragile ecology of the province as a whole.

With sustainable developments in the spotlight in the fast-growing urban areas of Cambodia, many local and international residents have commented on the perceived lack of greenspace in cities like Phnom Penh. New builds are trying to address this and incorporate much-needed green areas and community spaces.Some reports suggest that as little as 1% of the capital is allotted to urban parks, and most residents of the city can name the few natural greenspaces on their fingers. A UNDP study of Phnom Penh indicated that the public space ratio in Phnom Penh has dropped from 1.1 square meters per person in 2014, to only 0.67 square meters per person in 2020. For comparison, at 7 SQM per capita, neighbouring Bangkok is considered to have a “low” rate regionally. Studies also indicate that access to greenery in urban areas is vital for mental and healthy well-being and even though the WHO recommends universal access to green space, even most European cities fail to meet this.Green space can be associated with many health and social benefits, including longer life expectancy, reduced mental health issues, and even better cognitive functioning in children and the elderly. They also reduce air pollution, heat and noise levels, and provide us the chance to better enjoy physical exercise and social interaction, thus becoming a key element through which social capital is enhanced and strong communities are built.Some new developments in Phnom Penh are addressing this, such as Chankiri​​ Palm Creek, North Park, and Odom.Why Sustainability Matters in Cambodia’s New DevelopmentsUrban Living Solutions (ULS) is a well-known developer in the Kingdom and behind such developments as Factory Phnom Penh, Urban Village (Phase 1). Their newest announced development, Odom, will see a currently used community green space (Odom Garden) be enhanced and developed.ULS is a Cambodian-owned real estate and lifestyle development firm which aims to build livable urban spaces that connect and nurture communities. The company has supported other initiatives that enhance communities including the 2019 Housing Phnom Penh Architectural Workshop that ULS developed for Cambodian students on affordable housing.ULS representative and Head of Sales Mr. Ty Chea told realestate.com.kh that “people, communities, are at the very core of ULS and all its projects’ values. We aim to offer a type of development that meets the needs of present generations with those of the future ones in mind.”He adds that all ULS’ projects are designed to support the view that Cambodian cities can do better socially, environmentally and economically. “We try to offer homes and spaces for the Cambodian middle-class, inspired by traditional local architecture (from the Angkorian temples and village lifestyle to the shophouses), but updated to modern Cambodian needs”. He adds that they want to improve the quality of life of residents but also be conscious of the Cambodian climate and lifestyle.Odom - Phnom PenhULS believes that cities should provide green public spaces for people to connect with nature and with other citizens. They believe this is the foundation of a healthy society, and the company wants to contribute to it by sharing a rare green oasis in the city centre before anything else was built on it.Odom Garden is located on the future site of the Odom project. “We wanted to let Phnom Penhers experience the sense of community we envision for the completed project. Our goal is to create community-focused spaces, and with Odom Garden we gave free access to 4,000 SQM of green space on Norodom Boulevard”, Chea said.ULS adds that Odom “will be one of the few buildings to hold LEED-certification allowing future residents and tenants a healthier, more sustainable way of living and working”. The project will feature shared courtyards and public areas for people to meet and connect as well as walkable spaces and greenery offering a safer and healthier lifestyle.“We design our homes with bigger living rooms and balconies for families to gather and spend time together. We believe this is how you build a healthy and happy community – by giving its people the spaces to create a healthy social fabric”, they added.On the transformation of the current Odom Garden, the developer says what was once a private garden became a popular meeting place for families and a platform for small and micro-entrepreneurs with our monthly farmers' markets. They added, “We are happy to see how many connections have organically grown out of Odom Garden, and we hope those networks will continue beyond this pop-up park.”Odom will have more space to grow when the final project is completed with more than 7,000 SQM of green space (126% the area of Odom Garden), and nearly 80% will be open to the public. “We are incredibly thankful to our partners and all the regular supporters that make up the Odom Garden community.”Development will start in 2022 and the main features include Odom Square, a five-story layered park and publicly accessible retail podium connecting the offices and residences. Six Sky Villages (pockets of outdoor spaces) are integrated into Odom Tower which also features a rooftop and resident-only space.If more future developments like these incorporate greenspaces and embrace community living aspects into their designs, there is hope we can have a greener and more natural, vibrant, and livable capital to call home in the future.

Corporate property and home security are key considerations in Cambodia which should not be ignored and there are a variety of services on offer from a number of different organisations.Spurred by Cambodia’s ability to attract international investment and investors (2,000 construction projects with a total investment of $1.2 billion in the first half of 2022), more businesses are establishing a presence in Phnom Penh and Sihanoukville in particular, while more domestic and international staffing talent at all levels relocate to the Kingdom’s cities.The growth in the urban areas and cities in particular in the Kingdom means there is an increasing number of new high-rises and condos, and increasing expendable income as the nation moves gradually towards being a high-middle-income country,By mid-2022 Cambodia's insurance market was valued at $948 million dollars in total assets and the Ministry of Land Management, Urban Planning and Construction (MLMUPC) reported that there are 2,472 high-rise buildings (between five and over 40 floors).The security services available in the Kingdom are something building management and construction companies need to consider to ensure the safety of their employees, guests and assets. Here are some of the key considerations when choosing the right security firm in Cambodia.1. Check If The Security Firm Is Licensed In Cambodia - You Get What You Pay For!Not only should you check the licensing of the security company in Cambodia, if they are legitimate and professional they should also be completing employment background checks to ensure you have the most suitable security staff on-site. Security companies in Cambodia need to be registered with the department of the National Police and according to a sub-decree on private security management, non-compliant enterprises and establishment owners could be fined 10 million riel (USD $2,500), and security companies that hire guards without registering them with the Ministry of Interior will be fined 20 million riel (USD $5,000).According to the National Police, companies should complete background checks before hiring guards. You can also check if the company is regularly audited, certified and in strict compliance with Cambodian laws.Salary ranges for security staff in Cambodia are commonly $250-350 per month for well-trained staff but some firms offer less well-trained staff at $200 and less, this should be a key consideration when asking questions about the firm before hiring them as your safety partner.2. Confirm What Type Of Training The Security Staff Have Had (And If It's Ongoing)The “standard” in Cambodia has for a long time been to have security personnel on site who have had a varying degree of training, age-range and price-range. It's simple to employ just about anyone in the role and there are some less professional firms that can offer security guards and services that are not professional. As the nation develops, so should the expectations from these professional security services.The premium security services in Cambodia such as Prince Security Service have adapted to the fast-changing business environment and ensure their security personnel will have regular medical tests, random drug tests, and perform standard background checks.The range of training at these firms, even for the most basic security staff, will include fire-fighting, first aid, and how to deal with emergency countermeasures.Ideally, the security firms will still utilise non-discriminatory employment practices and ensure, regardless of gender or age, that staff are physically capable of handling the role. Most security staff employed at premium security firms are likely to be in the 18-45 age range while there can be exceptions for those physically and medically fit.Personnel will also receive certifications for their completed training and premium firms will ensure international standards are met - part of their mantra is not only providing the best possible staff and solutions but also educating the public on good security habits.In terms of language barriers, security staff at the junior levels might not speak English but companies should have supervisors to overcome communication barriers, and they could speak English or Chinese in addition to being fluent in Khmer.3. Ensure The Right Security Firm Has Your Interests At HeartA great security firm should be doing more than just putting boots on the ground at your residence, construction site, or place of work. Although security personnel are a deterrent and provide a visible physical presence, does the security firm understand your needs and concerns and will they offer expertise and identify aspects within your blind spots?Ideally, the right film will be consultative and do onsite visits and inspections to tailor the best comprehensive security solution through a combination of trained security personnel as well as potential security systems and offer recommendations you may not have considered. Are there areas at night that are not well lit? Do you know your exit points and how would you react in case there is a threat?A good and professional security firm will complete a risk assessment and ensure the vigilance of your security as well as provide regular evaluations (reporting) and opportunities for providing feedback. Are the services meeting expectations, what can guards do better and add to the business and the safety environment?Part of the partnership is not just the firm providing security staff with hard skills, but identifying dangers and offering exceptional extra customer service. Does the restaurant or hotel need car security to open the guests’ doors and greet them on arrival, do they direct traffic? 4. What Technology Or Range Of Security Services Does The Company Provide?Utilising the right technology to suit your security and safety needs is important. It's great to be offered a selection of state-of-the-art security gadgets but what do you need? For corporate customers, a comprehensive security setup might include a combination of cameras, and security alarms allowing the firm to react quickly, even allowing remote lockdowns of a building and blocking or allowing access to entry points. These services are monitored 24/7 and can be supported by response teams immediately. Ideally, the security firm should also have a good relationship with the local police force to ensure there is the correct support and precautions.Electronic security systems are handy and even biometric and fingerprint readers with numerical code passwords are not uncommon at large building sites and office complexes. Motion sensors and correct lighting can all help make property less of a target to potential intruders. Personnel could even be fitted with body kits (including POV cameras).Ensuring Optimal Security And Safety In CambodiaKeep in mind that although security firms should be offering some of these ‘basics’ (training, background checks, communication skills, and certain standards), but security consultants representing the firms should be pointing out the obvious to the client based on their expertise - trust is a key element in this partnership.The security firm should be committed to growing with you and meeting your needs. As the environment, capacity, and requirements change, the firm should be able to adapt and even sometimes identify these (have new properties sprung up nearby, what are the trends in the city etc).Trust and peace of mind are critical, and knowing that the security firm is responsive and reliable is extremely important to select the right security company in Cambodia.Security personnel can be offered for a range of specific roles, including; event security, VIP protection, security escorts, lobby security services etc.According to the security management office in 2021, of the 882 enterprises, establishments, gated communities, condos and apartments across 14 districts in Phnom Penh that have hired private security guards - only 168 of them were legally registered.

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.

Preah Sihanouk intercity roads are approaching completion at 99.81% according to the Ministry of Public Works and Transport (MPWT). His Excellency, Senior Minister Sun Chanthol, Minister of the MPWT, led a technical working group composed of construction company representatives and other consultants to inspect road 146B in Samdech Sangka Reach Tep Street.In an interview with the press, H.E. Sun Chanthol emphasized that the Ministry's technical team led by the General Department of Technical Affairs has tested the quality of the 146B road construction using modern stands such as FWD, ROMDAS, and GPT, to name a few inspection standards.The Senior Minister confirmed that the results of the test showed that the road was well built and of good quality through 414 test sites, of which only two were slightly below technical specifications. For concrete roads, the friction level check is also re-verified, and as a result, the friction value of the concrete floor surface is higher than the set standard.The Senior Minister emphasized that this road can accommodate heavy trucks to travel on National Road 4. The availability of this road and its build quality is expected to reduce traffic accidents and traffic congestion on the national road. National Road. 4, which in the past has always caused delays in the export of goods abroad. From Sihanoukville Port, trucks taking the road to the expressway will save time and reduce the load on Cambodia’s roads.On the same occasion, the Senior Minister instructed all road construction companies to adhere to agreed technical specifications because the Ministry has a lot of modern technical equipment that can be used to control and verify the quality of road constructions. There was also a call made to all truck owners who use Cambodian roads, both foreign and Cambodian cars to strictly abide by the laws of the Kingdom of Cambodia and not destroy Cambodian roads.According to the report of the General Department of Technology of the Ministry of Public Works and Transport, the project to upgrade Street 146B (Samdech Sangkhareach Tep Vong Street) and Street 148 has achieved 99.81% progress.This section of the road is a potential intercity road to help facilitate quicker and cheaper transportation of goods, agricultural products and export-entry of fisheries products produced by the people in Stung Hav district, as well as those living in neighbouring areas within Sihanoukville.Looking for property in Cambodia? Let us help!

SEN SOK, PHNOM PENH - Over 100 of Cambodia’s biggest brands, developers, agencies, banks, and insurance companies recently gathered for the country’s biggest property show of the year: The Real Estate EXPO 2022 held at the Premier Centre Sen Sok last July 2 to 3.This year’s EXPO 2022, continues that success with over $30 Million dollars worth of property sold over a weekend of showcases, exclusive deals, new launches and exciting prizes; confirming a healthy demand for property from within Cambodia and beyond.Property seekers and real estate developers had the opportunity to directly talk to each other in Cambodia’s biggest property show: EXPO 2022. Supplied.“We knew that after not being able to deliver an event like this for over two years that it would be popular and well attended, however we were quite surprised by the number of deals being generated on the spot during the event. And while $30 Million in sales is already a huge success, there will also be hundreds of sales generated in the weeks post the event” said Tom O’Sullivan, CEO of Realestate.com.kh.“I think this speaks to the quality of projects in the market as well as the confidence from local and international buyers now that we are post Covid. Of course this is not possible without the support of the best quality projects, agencies, banks and brands that continue to support Realestate.com.kh and its events." he added.Organized by Realestate.com.kh, the biggest real estate online classifieds portal in Cambodia, the EXPO series has been a staple of the country’s property sector gathering major brands all in one place for the benefit of Khmer home seekers and foreign property investors.The Real Estate EXPO 2022 received invaluable support from the Real Estate and Pawnshop Regulator of Cambodia, The Khmer Times, The CVEA, Chambers of Commerce as well as other key partners in the private sector that contributed greatly to its success including; Ezecom, Legend Cinema, LM Car, Nham24, Provida Spring Water and more.A fun day out for the family. Cambodia’s most popular brands gave away prizes and other freebies to EXPO 2022 attendees. Supplied.Adding excitement to the already eventful expo were the buyer and lucky door prizes given away during the 2-day expo. Prizes ranged from jewelry, cinema vouchers, home appliances, gadgets to premium services from EXPO 2022’s commercial sponsors.The EXPO 2022’s big names, discounts, and prizes attracted big numbers as over 12,000 people flocked to the event over 2 days, all getting the chance to directly talk to developers and get much needed advice and assistance in purchasing their dream homes and property investments.Real estate experts shared valuable insights on the Cambodian property market during the EXPO 2022. Supplied.Some of the country’s leading experts, from various industries such as real estate & construction, banking & finance, insurance and many other ancillary sectors held exclusive and free seminars for attendees covering various topics on Cambodian real estate; from general buying tips to long-term outlooks especially within the context of a post-pandemic market.The EXPO 2022’s $30Million+  in sales showed a resilient Cambodian market with teeming interest to buy homes and invest in properties. As of writing, Realestate.com.kh continues to receive inquiries from would-be buyers of on-going offers from EXPO 2022 Exhibitors.A SUCCESSFUL EVENT. The Realestate.com.kh team thanks all attendees, exhibitors, and sponsors for making the Real Estate EXPO 2022 a fun day out for everyone! Supplied.The Realestate.com.kh EXPO continues to set a new benchmark for Cambodia’s offline events and unveiled a market simply waiting for the right guidance and opportunities in the Kingdom’s real estate market.Looking for property in Cambodia? Let us help!

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

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!