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

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

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

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

Some developers who are retracting from the already crowded residential and commercial segments are seeing the potential in industrial real estate development as a hedge against a potentially stagnant residential market from 2018 onward. For developers and investors skittish at the prospect of a residential market bubble, the industrial segment looks to offer a safe haven despite recent policy changes. “Their concerns are valid,” says Saraboth Ea, managing director at Maxem Property, “as estimates currently put new supply in the residential condo market at between 20 to 25 thousand units in the next two years with rental demand and projected occupancy still uncertain.” Although around 150 garment and footwear factories closed down in Cambodia in 2015, there are still more than 500 active factories using around 5 million square metres of land in Phnom Penh alone, said Sung Sina, director of the valuation department at Bonna Realty Group. In recent times, the industrial real estate market has shifted to the south of the city in order to beat the land price rises in the more central districts of Phnom Penh. “Manufacturing and

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

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

With the continuous growth of the Cambodian economy, Phnom Penh real estate professionals have witnessed immense change over the last 15 years. One of the most visible changes that has occurred in the last 10 years is the advent of the condominium. This was naturally spurred by the 2010 law allowing foreign co-ownership of these types of buildings. As a city without a skyline just 5-10 years ago, a bird's eye view of Phnom Penh now shows a huge supply of high rise condo blocks - the scale of which is increasing with every new project. This is also probably the same reason why many professionals in the property industry are asking if the condominium market’s gone beyond its actual reach in terms of market absorption and hit a condo oversupply.Is There a Condo Oversupply in Phnom Penh?When asked about it in a recent interview, Alex Evengroen – CEO of Key Real Estate and chief adviser to the CVEA – states that “trends are always moving.” And while a condo oversupply is certainly possible today, it still won’t cause any harm towards the market for the future. In fact, there’s an estimated 11,000 more condominium units expected to be available after completion in the next 18 months. This number will continue to grow in the next few years. Evengroen goes so far as to say that there may actually even be an under supply in condominium properties in Phnom Penh. He explains that Cambodia is a young country and will have lots of people from the newer generation that will plan on getting married soon. This will instigate a baby boomer generation in the not so distant future. This will cause steady growth in the population which is expected to rise from the current 15.8 million to a little less than 18 million by 2025. This is according to the “World Population Prospects: The 2015 Revision” report released by the United Nations, Department of Economic and Social Affairs, Population Division.Naturally, the capital city of Phnom Penh will absorb a lot of this additional population, given it offers the highest salaries and education/career opportunities, suggests Evengroen.Do Cambodian’s prefer landed homes though?When asked about the mindset that Cambodians are more interested in landed properties like boreys and shophouses, as opposed to condos, Evengroen points out that the younger generation of property investors are more modern and open minded because of their exposure to similar concepts through international media. They are now more concerned about their convenience and accessibility of amenities. This becomes something they present to their families who provide them the hard titles from family properties to use as collateral for bank financing for their new condo home. Why might the condo market slow down?Evengroen points out that the sales in the condominium market will start slowing down in the future, but this won’t be because of a condo oversupply. He says that the market will meet its natural end after it has exhausted its free land within the city to construct new condominiums on. In addition to lack of land resources, traffic will become unbearable due to the expected increase in population in Phnom Penh. This will cause investors and developers to look for land on the outskirts of Phnom Penh and in the provinces. But Evengroen says that this isn’t necessarily a bad thing. It’s actually a great opportunity because land prices outside Phnom Penh are comparatively lower and more people will be able to afford properties here.He closes by saying that these are the projections in the market as of the moment and “of course, you will see shifts” in the market. It’s better to have a contingency plan for every possible problem than over-anticipate one outcome and be left unprepared for the other.Check out some hot condos for sale now! Or maybe you prefer a condo for rent?

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

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

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

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

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

Do you have USD 25,000 that you are looking to deposit for safe-keeping; and a trustworthy bank to suit all your needs? Then look no further than Hong Leong Bank. By choosing a priority banking account, you will be rewarded with more than you banked on, receiving exclusive member services and benefits that allows you to enjoy what you’ve worked hard for. A world of privileges await to enhance your lifestyle even more. Why choose Hong Leong Bank?Strong footprint in Asia. Formed over 100 years ago in Asia, the bank has a number of subsidiaries in Malaysia, Singapore, Vietnam, Hong Kong and China. You can trust Hong Leong bank.The right staff with a personalised focus. “This is the key to our success”, says Joe Phelan, Head of Personal Financial Services at Hong Leong Bank, “We believe we have the right senior staff who are dedicated to service and know how to satisfy their customer’s needs. Our priority account managers know their customers 100%”.Tailored financial products for SMEs. “Consumer is king and we need to look after business owners. We have a focus on SMEs to help you to grow your wealth,” says Phelan.Digital banking “With our user-friendly mobile app to be launched soon to complement our existing Internet Banking platform, we will be able to offer the best digital banking service to our priority customers in Cambodia.with a simple user-interface, more functions and ecommerce capabilities”.Inquire today to find out more! Hong Leong takes their customer satisfaction very seriously so when it comes to a priority banking package, the company takes great pride in taking care of the clients not only in the bank but beyond. Upon opening a priority account, you will receive your own dedicated account manager who will remain your main point of contact throughout your patronage with the bank. You will be entitled to waivers on loan approval fees, competitive daily interest rates and preferential rates for foreign exchange and international transfers, free outward telegraphic transfers to any banks within Cambodia , a 0.25% interest rate discount on all home loan products, as well as free monthly statements and one free cheque book per month. And should you decide to move all your financial management from other banks to Hong Leong, they will even throw in a few practical free gifts, just to say thank you! These are just the direct banking benefits. There is a myriad of lifestyle privileges that are yours to enjoy... Are you a frequent traveler? Relax in the VIP airport lounge for free at both Phnom Penh and Siem Reap international airports.Is brunch your favourite meal of the day? Take pleasure from free brunch and wine at the prestigious Raffles Hotel Le Royal in Phnom Penh (conditions apply).Golf enthusiast? Play free rounds of golf at Garden City Golf Club Phnom Penh or Angkor Gold Resort, Siem Reap (conditions apply).Need to relax? Indulge in discounted massages at La Rose Boutique Hotel and Spa in Phnom Penh. But it does not end here. Take advantage of discounts from 10-60 % across various hotels and resorts throughout the Kingdom such as Sokha hotels, Frangipani Villa Hotels and Raffles Hotel Le Royal. Eat for up to 15% less at some of the country’s leading restaurants including the likes of the Softiel, and Raffles Hotel Le Royal. Shop for less with our participating partners such as Pedro footwear and New Collection and get up to 30% off spa treatments and fitness activities. Everyone loves an incentive. “The more money you save in your account, the more we reward you with free benefits to enjoy”, says Phelan. For example, deposit USD 250,000 and you can delight in up to 8 free brunches at Raffles Hotel Le Royal, unlimited access to the VIP airport lounge and play up to 4 rounds of golf completely free every year! Take your banking to the next level with Hong Leong Bank. Inquire today to find out more!

Traditionally, to sell or rent a house all you had to do was make an appointment with the buyer, use a bit of the “real estate agent charm” and show them some properties that best suit their needs. But those days are over...Currently, over 90% of buyers are using the internet to research the market before contacting a real estate agent, and it has never been more important to make a good first impression online. In real estate terms this is known as a ‘quality listing.’A joint study conducted by The National Association of Realtors (USA) and Google in 2013, stated that ‘Real estate related searches on Google.com have grown 253% over the past 4 years’ and now ‘90% of home owners used the internet during their property search.’A more recent study by We Are Social (Singapore) found that internet usage in Cambodia had grown by over 400% between 2015 and 2016. In line with the We Are Social research, Realestate.com.kh has increased traffic and sales and rent inquiries by 416% since the same time last year.With internet users in Cambodia skyrocketing to over 6.7 million people this year, high quality real estate listings have never been so important.And to ensure property seekers on Realestate.com.kh are presented with the highest listing quality possible, we automatically display listings with 0-1 images at the bottom of the list. Quality listings will always be preferred by our website, and sit higher in the list of search results. Top Listing Quality Tips:1) Upload More Than 3 Photos:After all, a picture speaks 1000 words. Realestate.com.kh’s internal data shows that your chances of selling a property can increase by 85% if you upload more than three images to your property listing. It is very important that the photos you upload are of the actual property you are selling, as this will show potential buyers exactly how the property looks – and prove it is a genuine property for sale. You need to take quality photos! Show the key selling features and show people all the benefits.2) Take Time Writing a Quality Listing Description:Offer as much detail as possible when you are writing your listing description and improve your listing quality. Put yourself in the property buyer’s shoes! What features will they find most attractive in your property?3) Get Your Contact Details Perfect:Your listing is a waste of time if people can’t get hold of you! So make sure your contact details are perfect. Add two phone numbers and an email address if you know that sometimes you will be too busy to take the calls. Also, take time to improve your “Personal Profile” or “Agent Profile” online; as this profile allows you to give some extra information about yourself and/or your real estate agency - and to create a much-needed sense of trust and familiarity between yourself and potential buyers and renters.4) Make Your Property Listing Headline Count!Add a “Property Headline” in both English and Khmer – and make it count. If it is simple and clear, people will find your items before they find another. The internet has thousands of property listings for Cambodia these days, so you need to make sure your title quickly summarizes what you have to offer!5) List A Price:Don’t list “Price On Application” (POA)... At Realestate.com.kh, we have found that potential buyers generally read the home’s description and expect to see an exact listed price. On Realestate.com.kh, listings that display a reasonable price receive 150% more inquiries. If the price is negotiable: also let the user know in the listing description. If the terms of sale/rent are negotiable: let the buyer know in the listing description.6) Follow Up Your Sales Inquires QUICKLY and PROFESSIONALLY:When you receive phone and email inquiries from your online property listing, it is extremely important that you follow up with the potential buyer and renter as fast as possible. If you don’t get in touch quickly, your potential buyer or renter will soon find another offer, and another seller who is more interested in them. If they are an International buyer, communicate over the phone is the correct language - and follow up with a detailed email.It is extremely easy to create a new listing on Realestate.com.kh, whether you are a private seller, landlord of real estate agent. You can sell yourself and we don’t take commission! Sell Faster On Realestate.com.kh:7) Upgrade Listings:You can now upgrade your property listings for sale or rent to "featured" on Realestate.com.kh for only about $1 per day! This means your property will be on the top of the list, and get more exposure and more inquiries. Just click "Upgrade" on the property that you want to upgrade inside your seller’s office and we will do the rest!8) Refresh Listings:If your property is still for rent or sale, you can now refresh your listing once every 7 days and bring it back up to the top of the list! When you click "REFRESH", the property will be moved back up to the top of the list where potential customers will see it!Learn More:If you are an agent, developer, landlord or private seller wishing to list your property on Realestate.com.kh contact us today at info@realestate.com.kh or 017 436 756. We are available to help you anytime with anything!UPLOAD A PROPERTY NOW!Harness the online revolution that is spreading across Cambodia – and get your listings sold on Realestate.com.kh today, Cambodia’s home of real estate.Harness the online revolution that is spreading across Cambodia – and get your listings sold on Realestate.com.kh today, Cambodia’s home of real estate.

The Phnom Penh City Center (PPCC) is set to become Phnom Penh’s first and only Central Business District, transferring Cambodia’s rapidly developing capital into the city of the future. Strategically located at the heart of Phnom Penh, PPCC will be the choice destination for locals and expatriates where modern business, innovation and international-standard infrastructure will meet. By 2035, the new Phnom Penh City Center district will be home to over 56,000 residents and more than 190,000 daily visitors. CHECK OUT TWO EXCITING PROJECTS FROM PPCC FOR SALE ON REALESTATE.COM.KH NOW: RESIDENCE 90 | THE EDGEQUALITY LIVING AT THE HEART OF THE CITY Phnom Penh City Center’s 111.6 hectares of open and futuristic urban district space will create opportunities for local and international businesses in the financial, retail, commercial, residential, hospitality, education, medical and entertainment sectors. Its public areas will feature the newest architectural buildings - with towers ranging from 20m to 150m - and will bring modern city conveniences into Cambodia, such as multiple entry points and international-standard traffic and drainage systems. The center’s pedestrian green belt – sidewalks framed by lush greenery – will enable the community to enjoy leisure walks and hassle-free family days out at the 22,000 sqm central park, in addition to other recreational activities made available and accessible to all. AN INTEGRATED TOWNSHIP Guided by an environmentally sustainable approach, Phnom Penh City Center will enjoy a truly integrated township based on its strong, forward looking and consistent master plan. As an integrated township - unlike existing developments in Cambodia - the center is focused on setting up comprehensive infrastructure systems, which includes the deployment of an underground cabling system that will house all utility services away from the public eye, and yet systematically planned to ensure hassle free maintenance. A comprehensive drainage system is also being developed to mitigate flooding in the future. Accessibility is another key feature of the site. Set to ease the perennial traffic congestion and flooding issues Cambodia’s capital continues to face, the Phnom Penh City Center will be linked to the wider city through eight access points, resulting in a more fluid inner city system. Construction of permanent roads and infrastructure have already started and the first phase of the project is scheduled for completion in 2017, with the second phase scheduled in 2019. Last but not least, Phnom Penh City Center is strategically situated opposite the municipality and surrounded by city government departments, including close proximity to the Vattanac Capital Tower, Central Market, French Embassy and Calmette Hospital. CHECK OUT TWO EXCITING PROJECTS FROM PPCC FOR SALE ON REALESTATE.COM.KH NOW: RESIDENCE 90 | THE EDGEAdopting a Sustainable Approach to Job Creation Since 2014, the Phnom Penh City Center has proactively adopted an innovative approach to community engagement and empowerment, recognizing the importance of inclusivity and giving back to the community. Designed to benefit the community as a whole, the project will boost onsite, long-term job creation by engaging with vocational training institutions, therefore pioneering inclusive development and sustainability in Cambodia and the ASEAN region. Upcoming DevelopmentsRetail Office Versatile Office (ROVO) Combining inspirational architecture and functionality, the EDGE offers entrepreneurs and business owners alike an innovative, convenient and flexible business environment. All ROVO units are designed with flexibility in mind, providing space for businesses to be set up according to their preferences. A café, a restaurant, a start-up office, a bank, a boutique hotel, a meeting room or even a music studio, the option is limitless     Residence 90Residence 90 is an exclusive gated development, offering the perfect combination of tranquility and security with urban convenience. Inspired by European architectural models with individual lush landscaping, spacious driveways, private driveway and security features. Located right in the heart of city. Perfect for the modern family. CHECK OUT TWO EXCITING PROJECTS FROM PPCC FOR SALE ON REALESTATE.COM.KH NOW: RESIDENCE 90 | THE EDGE

Che Culo, loosely translating in Italian to “what luck,” was launched in Phnom Penh in 2014 by a collection of Aussie F & B entrepreneurs seeking to bring BKK1 a lively tapas and cocktail venue - without the pretence. Designed and renovated from the ground up, the street 302 bar and restaurant offers a sense of space far beyond its floorplan, thanks to co-owner, architect and social media manager, Daniel Jury.Jury explains that, “we wanted to create a space that drew upon the loose Mediterranean bar theme; clay tiled roofs, patterned tiles and rounded archways were all design cues found around the Mediterranean which became staple elements in Che Culo’s design.” Bar tables running down the center of Che Culo are tall and designed to breed bar-chat between the eclectic mix of expat and local patrons, while the booths along the wall offer intimacy with a view; something fit for both Western and Asian drinking preferences. “We were also keen maximise the space with the high ceilings, skylights and the large bifold windows that draw natural light deep into the bar,” says Jury. For eats you can expect a short but diverse menu of cocktails and tapas dishes, that rotate weekly. Sip on hand-shook cocktails while plate after plate of battered green tomatoes, patatas bravas, fried calamari, chorizo and chicken subs, basil pesto pasta and, the long running specialty, Mama’s meatballs arrive at your booth. An eloquent wine list is also available to match your small plated delights.Nick Hattingh, co-owner, venue manager and in-house entertainer, says “we drew inspiration for the food and drinks from friendly approachable flavours that people of all walks of life can enjoy... Balanced cocktails with fresh fruits and modern mediterranean "dude food" to share with friends.” We have a little bit of food from Italy, Greece, Spain, Morocco,” says Hattingh, “and some cheeky Mexican and even some Portuguese thrown in for good measure.”All owners are Phnom Penh expats who cut their teeth in the Sydney and Melbourne hospitality scenes, meaning the bar operates in the sleepy corner of BKK with big-city service quality. The venue also hosts bi monthly music events and private functions such as fashion shows, media launches or just cracking birthday parties. Weekly specials include “meatball Monday,” “taco Tuesday,” “wings Wednesday” and Thursday’s “cider and sliders.” While happy hour into the wee hours is when Che Culo really warms up, it's also a great pick for a casual $5 lunch.  But whether you come in at two in the afternoon or ten at night, you will always find the same relaxed vibe, delicious tapas and high quality of service. If you haven’t already, pay Che Culo a visit on street 302 today...

Whether it’s a commercial, industrial or residential property, an integral consideration for investors in the Cambodian real estate market to obtain ample protection for your property. Contact Emerald+ Now!How should I protect my investment property? Protection of your property does not simply mean insuring against potential damage. Though is helpful, insurance policies alone do not proactively secure your property’s value and investment profits - insurance only covers you after something goes wrong. More importantly, proactive maintenance and protection against damage is why enlisting property management services from trusted providers should be part of any investor’s contingency plan and projections. Equipped with setting new standards in the field and regional expertise in the process of managing different property types, Emerald+ will keep every aspect of your property in line. Treating your property like their own, Emerald+ provides their clients the assurance that they will not let anything passed their radar without correct and proper evaluation. How do Emerald+ manage your asset? Emerald+ focuses on preserving your property’s value and future profits through an “on-going management” system which includes building inspections, managing maintenance contracts and managing the entire maintenance schedule. Building inspections will consist of four phases to ensure that your property is above par with regulations and standards. The initial inspection will determine the efficient and safe use of features in the property like fire alarm systems, sprinkler systems, hydrants, special extinguishing systems against electrical malfunctions, and also proper ventilation and smoke exhausts. After going through this initial evaluation, your property will then be put through the final inspection process - this time checking electrical and plumbing systems and fixtures. This will also include the inspection of all appliances, measurement apparatus, and safety features throughout the building. Emerald+ will then make a report detailing whether or not your property totally safe for occupancy and/or operations. Those things in need of attention will be duly noted, and taken care of in the following inspection phases. The third and fourth phases of the inspection process will consist of routine inspections and building maintenance work, which will take care of the minor details you may need to address periodically. Along with detailed inspections, Emerald+ will also manage maintenance contracts such as voucher and software systems, to ensure that your property maintains specific service level agreements and the overall function of your building at all times. Another factor that will be addressed is the maintenance schedule is compliance and legal regulations within your investment property. For this purpose, Emerald+ will set up a helpdesk that will link to all other systems within your building to provide constant monitoring and smooth implementation of policies. What is the value of property management? Having a service provider for property management is not only a matter of convenience for owners; it also becomes cost-effective in the long run. Having experts in the field of property management is essential for the preservation and growth of your investment values, and protecting that asset’s ongoing value. Emerald+ will identify problems before they become damaging to your property and the experience of your tenants. This protects not only your asset, but your reputation as a service provider. And since the team of Emerald+ will be handling all these details, from start to finish, your schedule is freed to focus on making bigger decisions that will impact your properties and investments in the long run. So, if you’re looking for an entity that will not only maintain your property but also care for it as if it were their own, Emerald+ should be your first port of call!Contact Emerald+ Now!

Neak Oknha Theng Bunma, founder of Thai Boon Roong Group, passed away last night at the age of 75 - on June 17 2016 at 12.45pm in a hospital in Phnom Penh by natural causes, according to a Freshnews report today. Oknha Theng Bunma was well known as one of the “four tigers” of the Cambodian economy after the fall of the Khmer Rouge, between the 1980s-2000s, and was heavily involved in the real estate and development industries across the nation. Born in Thailand, Oknha Theng Bunma was the first president of Cambodia's Chamber of Commerce. He also owned the Intercontinental Hotel in Phnom Penh and Rasmei Kampuchea Newspaper. The Thai Boon Roong Group, of which Oknha Theng Bunma was founder, is currently developing the 133 story Thai Boon Roong Twin Trade Center in Phnom Penh, located next to Nagaworld. REALESTATE.COM.KH - Your real estate news leader! Read More...

Property valuation is the process of estimating the total value of a property in terms of several factors that are dependent on the industry standards. This may consist of property location, size, future profitability, environment, government policies, and so much more.And since the primary aim of property investment is to get a return of investment and maximizing resources, it is essential that there is an accurate view of the property’s value. While property valuation is performed by trained individuals in the field, even newcomers can benefit from learning the basics. This will make a difference in how transactions are made as it will provide a wider perspective and understanding for people on both ends of the deal. This will ensure that there is significant protection for both the property holder and the entities such as financial institutions, insurers and other parties that also depend on valuations.  There are two main applications of valuation according to Mr. Sim Hoy Chhoung, CEO of V Trust Appraisal Co. Ltd, which he explains in his presentation at the Real Estate Market & Outlook Conference (REMOC) 2016. One of them is property valuation for financial reporting - which is becoming increasingly significant with the importance that the industry now places on the implementation of the International Financial Report Standard. This standard aims to provide consistent and reliable standards based on concrete data. The second application is property valuation for secured lending - where he particularly places emphasis for commercial banks and lending institutions to comply with IVS applications, and also to produce clear conditions of engagement so that there is assurance that the property market will function properly and be well supported by available financing options.Chhoung goes on to show, through a case study of The Central Bank of Ireland, how these applications have made a significant impact on the banking crisis there. In Ireland there were weaknesses in instruction given to valuers, conflicts of interest, failure to conduct frequent valuation reviews, inadequate training and inappropriate use of informal valuations. As a result of these lessons learned, Chhoung sees opportunities for growth in the Cambodian climate, if the National Bank of Cambodia accepts these challenges and seeks to overcome them.LEARN MORE ABOUT THIS TOPIC IN AN IN DEPTH ONE ON ONE WITH REALESTATE.COM.KH & MR CHHOUNGChhoung concluded his presentation by providing suggestions and solutions such as the CVEA and the Ministry working together in providing growth for valuers by providing minimum hours CPD requirements. He also suggests for policy makers to incorporate international standards like the IVS and the RICS professional standards into the local outline for valuation; and to provide even more training and education about property valuation throughout the market. He also calls for banks and financial institutions to consider recommendations for best practices to improve how loans are carried out.While there are already great returns from investments made in Cambodia, it is important to get ahead and obtain proper valuation for your property to ensure sustainability and to anticipate future costs and conditions, should there be any sudden market, infrastructure or policy changes.NEED A PROFESSIONAL VALUATION? INQUIRE TODAY WITH REALESTATE.COM.KH - FAST, EASY, SECURE!