The Kingdom of Cambodia is considered as one of the fastest-growing economies in the ASEAN region. According to the World Bank, Cambodia’s economy grew annually by 7 percent both in 2015 and 2016, and is forecasted to grow 6.9 percent year-on-year over the next three years.The Sihanoukville Autonomous Port is Cambodia’s only deep sea port and is the most important trade gateway driving the country’s economic growth. The port is strategically located in an ideal location in Cambodia’s  coastal southwest and is safe from typhoons, tsunamis, and other natural  disasters.Occupying about 125 hectares, Sihanoukville port was constructed in 1956 and started operations  in 1960. Currently,  the port has 8 terminal berths with a total length of 1,330 meters and is equipped with modern cargo-handling equipment.Over the last five years, the amount of container throughput  increased by an average of 11% per year. In 2015, the port generated a total revenue of $49 million, nearly an 18% increase from  the $9 million generated in 2014.The Royal Government of Cambodia has recently designated the port as an  industrial development zone.  This port has seen great potential in expanding the trade between Cambodia and other countries in the ASEAN, Asia-Pacific rim and the rest of the world.Sihanoukville port has entered into an IPO to further improve its business prospects. The IPO netted nearly $27 million for the purchase of land and equipment for expansion.Looking for real estate for rent in Sihanoukville  or real estate for sale in Sihanoukville? or Read the The Ultimate Guide To Sihanoukville by Realestate.com.kh

Gaining a basic understanding of property taxes in Cambodia is important for property owners, sellers, and buyers in the country. Knowledge of these important obligations will not only make transactions easier but also help everyone avoid unnecessary costs and penalties.This guide is designed to give you a basic understanding of obligations so you don’t go blind into Cambodia’s property market.Overview of Property Taxes in Cambodia:Cambodia has a 0.1% Property Tax applied on Immovable PropertiesProperty Taxes must be paid every year around SeptemberProperties below $25,000 (100 Million KHR) are exempt from Property TaxAgricultural land, industrial, and state-owned lands are exempt from Property TaxLocal tax offices have a valuation matrix called the Tax Base for specific property types and sizes within their jurisdiction, this factors into the final Property Tax that has to be paid.How much is Property Tax in Cambodia?Property taxes in Cambodia are officially referred to as “Tax on Immovable Property” (TOIP) and levies an annual tax of 0.1% on properties that have a value of more than $25,000 (100 million KHR). The term “Immovable Property” includes plots of land, infrastructure on land, and buildings.NOTE: Properties valued under $25,000 are exempt from paying the Property TaxProperty Tax is generally calculated by the following formula:(80%*(tax base)-$25,000)*0.1% = Property TaxSample calculation:Mr. Ivanov owns a reinforced concrete building with 3 floors with each floor having 15m x 25m of floor size. Mr. Ivanov consulted with the Property Valuation Commission and retrieved the following Tax Base relevant to the property:Land price per sqm$1,000Ground floor per sqm$250First-floor per sqm$200Second-floor per sqm$150 Mr Ivanov’s 3-storey building’s property tax can then be calculated like this:Land price25m x 40m x $1,000$1,000,000Ground floor15m x 25m x $250$93,750First-floor15m x 25m x $200$75,000Second-floor15m x 25m x $150$56,250 Tax Base of Mr Ivanov’s property: $1,225,000. Let’s take this Tax Base and apply the Property Tax formula.(80%*($1,225,000)-$25,000)*0.1% = $955 will be the Property Tax Mr Ivanov has to pay every year for his 3-storey building.What is a Tax Base and How is it calculated?A Tax Base is a price per square metre for a certain property type assessed by the Ministry of Economy and Finance. Here is a table of the Tax Base for properties located in Daun Penh, Chamkarmon, 7 Makara, and Toul Kork as of 2018:TAX BASE AS OF 2018TYPE OF BUILDINGPart of buildingBuilding age <10 years (USD/sqm)Building age >10 years (USD/sqm)Reinforced concrete frameworkSemi-permanent structureCondoReinforced concrete frameworkSemi-permanent structureCondoBasement$200$200$200$180$180$180Ground floor (E0)$250$120$600$200$100$500First floor (E1)$200$100$600$150$80$500Second-Fifth floor (E2-E6)$150$80$600$100$60$500Six-Tenth floor (E6-E10)$700$700$700$600$600$600Eleventh floor onwards (E11)$800$800$800$700$700$700 Registration Tax (a.k.a. Transfer/Stamp Tax)The Registration Tax (a.k.a. Transfer/Stamp Tax) is the tax paid for transferring property ownership or right occupancy of land that does not have a standing building on top. This is a 4% tax derived from the Tax Base of the property in question.This property-related tax is crucial to know if you’re someone looking to buy or sell property in Cambodia. Sellers are generally the ones shouldering the transfer tax, though it can go either way - this is best discussed in clear terms with whoever you may be transacting with.NOTE: Properties transferred to direct kin via inheritance are exempted from the Registration Tax. The relevant Prakas states “transfers between spouses, parents, and children, or grandparents and grandchildren, will no longer require this tax”Calculation formula: (Tax Base*4%) = Registration TaxSample calculation: ($100,000*4%) = $4,000 Registration TaxProperty Tax on Rental PropertyLocals and foreigners who own and rent out their properties need to pay Rental/Income Tax every year. A foreign investor who buys property here and rents it out needs to pay 14% of the gross rate annually while locals have to pay 10%.Property Tax on Unused LandThe Unused Land Tax is a 2% tax levied on bare plots of land with no building constructed and abandoned landed properties in cities like Phnom Penh. The Unused Land Tax is determined by the Unused Land Appraisal Committee (ULAC).How is Property Tax paid in Cambodia?Property Taxes can be paid via local tax office branches or through ACLEDA Bank, Canadia Bank, Vattanac Bank, or Cambodia Public Bank. For already registered properties, taxpayers will only need the tax payment receipt of the previous year or their Property Tax Registration ID.For unregistered properties, owners must contact the local tax office their property is in. The following documents will be required for registration:Tax Form PT01 - a form issued by the General Department of Taxation (GDT) that asks owners to outline the specifics of their property.Tax Form PT02 - another form issued by the GDT which serves as a tax application form.National ID Card, Birth Certificate, or PassportResidence Book or Family Book or Residency LetterOther documents may be required depending on the status of those involved in the transaction. We highly encourage seeking legal assistance for more specific matters.Capital Gains Tax in CambodiaThe Capital Gains Tax in Cambodia is a flat 20% rate. The Capital Gains Tax was promulgated through Prakas 346 in April 2020 and was initially to be enacted in July 2020. However, the advent of COVID-19 delayed its implementation to January 2022 to keep Cambodia's property market activity going throughout the pandemic.Contrary to what most people perceive: The Capital Gains Tax in Cambodia is not exactly new; businesses in the Kingdom have always paid capital gains. The material difference now is that it applies to individuals, especially those looking to sell immovable property a.k.a. real estate. A more thorough discussion of Capital Gains Tax in Cambodia can be found here.The Capital Gains Tax in Cambodia can be calculated in 2 different ways:Actual Expense Deduction MethodThis method takes the sales proceeds and subtracts the expenses the seller made on that property to get the actual Capital Gains Tax to be paid. These deductibles can be the purchase cost, consulting fees, registration tax, commissions, and even advertising. These actual expenses are deducted from the sales proceeds and 20% of the difference will be the Capital Gains Tax to be paid.There are more applicable deductibles so we highly suggest you keep tabs on the expenses you made in your property if you are planning to sell in the future.Determination-Based Deduction MethodThis method takes 80% of the sales proceeds and subtracts it from the whole sales value. The result will be the Capital Gains and 20% of it will be the Capital Gains Tax to be paid. This method is highly beneficial for property owners who buy low and are planning to sell high.Capital Gains Tax in Cambodia is expected to be enforced by January 2022. Once the law is in effect, we highly encourage keeping tabs on your expenses on the property to properly assess which method applies best in your case.Looking for property in Cambodia? Let us help!Article by:

New York Times has released their starter kit for escaping into the world, namely, through releasing their renowned list of the ‘52 places to go in the world’. The beaches of Sihanoukville ranked at number 13 on the list amongst other top destinations such as New Orleans in Louisiana taking the top spot, followed by Colombia, and  Basilicata in Italy. - see Realestate.com.kh's The Ultimate Guide To Sihanoukville for a complete overview of Sihanoukville.As the list eluded to, Cambodia has been notoriously famous for it's Angkor Wat Temples in Siem Reap - which still remain as the biggest tourist attraction in Cambodia. In 2015 Angkor Wat was labeled by Lonely Planet as the number one tourist destination in the world.However, adorned with white sand beaches, accessible islands, a host of developments and new infrastructure initiatives in play- allowing for ease of access to the seaside province- it seems that Sihanoukville's tourism potential is garnering well deserved global attention.Sihanoukville International Airport has been undergoing major renovations, whilst the construction of a new terminal promises to increase capacity to 500,000 passengers per year. Once completed, Sihanoukville Airport is set to be the kingdom's largest airport. Already new flight routes have been added, with ongoing international flights from China, Vietnam, and Malaysia.Further to this, Grand Union Group, the developer of Dara Sakor Seashore Resort Casino in Koh Kong received permission in 2017 to build another airport. Although Koh Kong is not directly in the province, it still represents another key point of access which is within a few hours driving distance to Sihanoukville.Construction is anticipated to commence on this airport in early 2018 and will involve a total investment of 500 million USD.In terms of the hotel scene- both on the shoreline and the multitude of surrounding islands, including the popular Koh Rong, Koh Rong Sanloem, Koh Russey and Krabey Island- this has exploded over the last few years.Of special note is Six Senses on Krabey Island, a mere 20-minute boat transfer south of Sihanoukville, and Alila Villas on Koh Russey, with both resorts opening in 2018. Both will offer the full island experience, with snorkeling, diving, and all other beach amenities for tourists to enjoy.  Besides hotels, the potential for mixed-use and residential developments has caught the eye of major international developers. D’Seaview, Blue Bay, The SeaGate Suite, Royal Bayview and Sunshine Bay are amongst the major projects which are currently under construction- and will bring luxury facilities, and a new skyline to the province.In addition, infrastructure initiatives such as a direct highway between Phnom Penh and Sihanoukville improved internal roads, port expansions and Cambodia's largest Special Economic Zone (SEZ) are all factors contributing to Sihanoukville's status as a 'boomtown’ for attracting both tourists and investors alike.   Search properties for sale in Sihanoukville and current properties for rent in Sihanoukville!

A groundbreaking took place on Mong Rithy Street, Corner Road 1003 at Khan Sen Sok, surrounded by a group of workers and engineers, still actively working. This new construction site will soon be home to the first  wholesale supermarket in the country, known as Makro.According to Cambonomis, Makro supermarket will be built on an area of approximately 5 hectares with a height of 2 floors. It will be located in Sen Sok district, near Aeon Mall 2 (AEON), Japan supermarket.The upcoming supermarket is a joint venture between the company, LYP Group, which owns 30 percent., And CP Group owns 70 percent. This project will employ over 200 employees, working for the rising shopping mall.The local media have reported that yesterday's (29th of May) groundbreaking ceremony, the Mayor of Phnom Penh Mr Pa Socheatvong said "The establishment of supermarkets are within the government’s project. It's good to know when we have an upcoming wholesale supermarket so that the selling price of goods will not changing too fast, avoiding inflation"Makro is set to be the largest warehouse shop in the Kingdom which will bring Thai products to local consumers.In the past years Cambodia has seen many international projects of shopping centers coming into the market; and after the Japanese investments of AEON Mall and AEON Mall 2, it is now the turn of the Thai CP Group. Let’s wait and see who will step in next!Please find out development news in Cambodia on Realestate.com.kh

Sihanoukville is one of the major tourist destination of Cambodia and is seeing a rapid economic growth. Currently, tourism and real estate are the main drives of its development and investors are rushing here not to miss out on the benefits of investing in the housing and hospitality sector.What are the types of Houses for Sale in Sihanoukville?Currently, the housing sector in the province is growing significantly due to the increasing demand of the tourism sector. Several kind of residential properties can now be found such as flats, villas, apartments, and resorts for tourism or business.Borey for sale in SihanoukvilleBoreys are regarded as a gated community occupied by people looking for a modern living space, and they usually offer different types of residential units such as apartments, villas, and shophouses. Borey projects available in this area include Borey BS, Borey Peal City, and the Borey Hillton Park Villa. These borey projects typically start with 1-bedroom with a starting price of $60,000.Condo for sale in SihanoukvilleAs in the rest of the country, the supply of condo projects in Sihanoukville is growing too.One of the prime condo projects that saw an early investment opportunity in Sihanoukville is D'Seaview Condominium project. The development is located only1 km from the coast of Sokha beach and the fresh air and the beautiful natural scenery provides comfort and great atmosphere to those living there. Residential units range from 1 to 3 bedrooms and are suitable for those looking for a modern lifestyle by the beach.Another condominium project in this area is The Royal Bayview which is located along the coast of Independence​ Beach. The project will feature 1.344 units and will also have a 3-storey shopping area. The Royal Bayview is expected to reach completion by the end of 2019.Another project located near by is The Blue Sky Tower, which is located in Sangkat 2, with a starting price of $40,000.  The Nest Apartments Seaview Condominium is also rising on the in the area and is located along the coast of Hawaii beach. It has 9 storeys and has unit sizes ranging from 30 to 126 square meters with a price range of $28,500 to $52.500.It is clear therefore that the number of residential condominium projects rising in the coastal areas is growing very fast.Why are residential developments in Sihanoukville attractive?Currently, a number of infrastructure projects are under construction such as The railway system, the airport expansion, the Sihanoukville port development. This development will not only help boost the growth potential of the region and provide confidence for investors, but it will also ease the transport of materials and reduce the price of condos in the area. In addition, Sihanoukville is becoming very popular due to its location, and clean beaches.As mentioned earlier, tourism is also growing very fast: the Department of Tourism expects tourist numbers to run up to 3 million annually by the end of 2020 -- 1 million of international arrivals and 2 million locals.What are the potential areas for investment in Sihanoukville?Sangkat 4 seems to be one of the best options for residential area. It is located alongside the beach and includes the Ochheuteal Beach and stretches for 4 kilometers. It is located along the coastal road towards Serendipity beach and is a very popular area because of its convenience in terms of transportation and international trade.There is no doubt that Sihanoukville is becoming increasingly popular; whether you are looking for a vacation house or looking to relocate by the beach, is it certainly worth to check what the market is currently offering.Find out more about new developments in Sihanoukville on Realestate.com.kh now!Take 2 minutes to complete our survey and win and IPhone 8!

When selling your home, should you stick with one real estate agent or list your property through multiple agents? Both options have clear advantages and disadvantages that sellers may want to consider before deciding. Listing with Multiple Agents:- If you want to make a quick sale, listing your property with multiple agents would seem like a logical choice. And there’s a good reason for that. You get more exposure. These professionals can utilize different avenues such as the newspapers, buyer networks and internet property listings to spread awareness for your property. More exposure means a gathered interest from a larger audience.- The downside to using multiple agents though is that you’re working with a range of people and various sales strategies that are often times totally different from each other. This also entails that there are different degrees of understanding as to what type of buyers are qualified for the sale. This may mean the information about your property becomes different than you first intended as it travels between agents and their networks - which will mean the buyers they present are not necessarily sold on the correct info.  - Hiring multiple agents also means that negotiations will be done in isolation. The ones competing won’t be the buyers but the actual agents. This hurts your cause because you might find out too late that someone else may have made a higher offer.- There is also the risk of running into “commission cowboys”. These are self-professed private agents who will do anything to make a sale. This doesn’t always get you the best buyers.Listing with an Exclusive Agent:- The thing about listing with an exclusive real estate agent is that their sales strategy – if it’s the right strategy – it can save you a whole lot of time and effort. It focuses in on making sure that you get a good deal, with the right buyer without demanding too much. This also offers the agent more flexibility to adjust their strategy based on your needs and on the current market’s feedback.- You can hire a professional that specializes in your kind of property too. It is important to note that one effective person can outdo a hundred ineffective ones. Make sure you choose your agent wisely.- Having an exclusive real estate agent also makes it easier for the buyer. Buyers would rather think about their personal needs more than they think about which agent they should contact. Keeping everything singular eliminates any possibility of confusion and makes it more convenient for buyers to make an offer.- Exclusive agents also sometimes package property management services into the mix as a form of incentive. This is something you won’t get from multiple agents.- The downside to this is that information about your property is limited to the stream of influence your agent has. Your reach is much more contained.Want to learn more about how you can make money by investing in real estate wisely? Get on Realestate.com.kh today!Ready to make a listing? Sign up for an account with us now!

The Sales Club of Cambodia (SCC) welcomes to the upcoming forum all the talented people with an interest to learn and improve their sales knowledge and skills.SCC will facilitate successful and experienced salespeople to share their knowledge with the community and the young-generation, allowing ongoing professional sales skills development and the improvement of livelihoods across the overall society.On 12th March 2017, SCC will hold a dedicated forum which will focus on Real Estate Industry opportunities. This will be held in partnership with Mekong Property Management and a selection of Developers and Investors willing to share their investment and development plans with potential salespeople.For this special opportunity, we have invited 5S Realty Group, namely Mr. Chan Sy, Chief Executive Officer; & LHC (Cambodia) Investment Co. Ltd, namely Mr. Charles C. Villar, General Manager. We have also invited Mr. James Whitehead, Director of Content at Realestate.com.kh, Cambodia’s leading real estate website, to present on the potential of the Real Estate market in Cambodia today.At the end of the forum, we encourage attendees to continue their study and apply to become an independent salesperson for all projects, with significant commission opportunities without the commitments of a full time job.Find the latest real estate news now on Realestate.com.kh

Vann Molyvann, considered the founder of the modern Khmer architecture, completed nearly 100 projects both nationally and abroad between 1956 and 1970. The impact of his architecture is felt around numerous corners of the Kingdom - with many still applauding his architectural style.Ms. Tri Lida from Re-Edge Architecture & Design refers to Molyvann as “the father of Cambodian architecture” - holding a “unique ability to incorporate Khmer style with natural elements, creating sustainable buildings where the air and sunshine flow from the inside out.”Some of Molyvann’s most significant projects are the Independence Monument, the National Olympic Stadium, the Royal University of Phnom Penh, the Chaktomuk Conference Hall, Preah Suramarit National Theater, the Council of Ministers building and the State Palace in Chamkarmon – now the place of the Senate.There are also several of his projects which are less known by the general public; such as the stupas within the Royal Palace, the Kantha Bopha Hospital, the first Siem Reap airport and the pavilions and temples for the 2,500th anniversary of the Buddha.Aside from the many projects he completed within the Kingdom, Molyvann also worked on projects abroad such as the Exhibition Hall for the International Trade Fair in Osaka, Japan, the Exhibition Hall For the International Trade Fair of Zagreb, the Exhibition Hall at the International Trade Fair of Brno, Czechoslovakia, and the Exhibition at the Galleries Lafayette in Paris.However, when asked his most loved architectural projects, these are all national - although not all are still in existence: “The ones I love the most is the National Olympic Stadium and Preah Suramarit National Theater on Bassac in Phnom Penh. There are many other projects I was fond of, but unfortunately some of them have been replaced​ by new buildings or were destroyed,” said Mr Molyvann.The demolition of old architecture is a recurrent issue in Cambodia, which the photo expert and owner of the “Amazing Cambodia” photo archives, Mr Srin Sokmean, has likewise noted: “It is a great pain to witness those architectural heritages disappear one by one. I always question myself why they are destroyed and not suitably renovated.”This is what pushed him to produce a vintage photo collection book named “Cambodia: Half Century Then & Now” which aims to enable people to visualize the beauty of Cambodia in the past and how the current landscape has been modified. On top of this, Sokmean has a popular facebook page and blog demonstrating his collections of photography. “I strongly believe that redecoration is the best option, because each building has its own attractive point. Development and architectural conservation need to go together” he added.“Old buildings are not always useless; instead they can be perfectly converted into museums, art galleries, boutique hotels or other amenities,” he concludes.And Sokmean is not the only one trying to preserve national heritage via media platforms. Mrs. Teav Bandol of Image Printing also shares a similar concern that, “during development, many countries face the dilemma of whether to preserve or replace heritage buildings to give space for new development; sadly most countries choose the latter. Cambodia is no exception.”She continued, “It should not be destroyed but preserved. Both old and new architectural work must be kept in its place in order for the public to witness the evolution from one generation to another. Doing so will help us to preserve the national identity and maintain sustainable development.”With that in mind, Image Printing is planning to re-publish some books detailing Vann Molyvann’s works in order to ensure his contributions reach the next generation.Bandol mentioned that the publication of these books are not just for the purpose of preserving Van Molyvann’s buildings – but it’s also “a demonstration of intelligence, knowledge and innovation in the architecture industry - which is a good example for the new generation to follow.”“Moreover, we cannot regain a building that was destroyed, but we can save every document for next generations,” she concludes.Find the latest real estate news on Realestate.com.kh

The Cambodia Real Estate Show is on this week!Friday and Saturday, 5&6 May @Nagaworld Hotel (Grand Ballroom Level 2), 10:00AM -> 6:00PM.+ 20+ new projects on show+ Educational seminars from leading economists, agents and lawyers+ Win international flights from Cambodia Angkor Air+ Exclusive car test drives with Porsche and Mercedes.FREE ENTRY - NO REGISTRATION REQUIREDBring your friends, family and network to Cambodia’s one and only Real Estate Show, powered by Realestate.com.kh!REGISTER NOW FOR SHOW UPDATESThe intention of the Cambodia Real Estate Show 2017 is to promote Cambodia and the Cambodia real estate industry both locally and internationally. Realestate.com.kh is bringing together a collection of the nation’s finest new projects, as well as other businesses that influence and play a role in the market.During the 2 days of the show (this Friday and Saturday), attendees will also be able to watch various educational seminars which will assist property buyers and investors understanding the market, the legal obligations of property ownership, and to help them to make educated decisions when purchasing real estate in Cambodia.Topics at the Cambodia Real Estate Show will include real estate law, ownership regulations, tax obligations, analysis of investment locations across Cambodia, property management considerations, and various other pertinent topics.The seminar room at the Cambodia Real Estate show is free for all guests to join. All speakers will also take questions from the audience following their presentations.The detailed schedule for the seminar sessions on Friday and Saturday is as follows:Seminar Schedule Day 1 - May 5, Friday:Economic Growth Prospects in Cambodia: The Gateway to the ASEAN Region (12:30PM - 1:00PM)Sok Siphana, Managing Partner at SokSiphana & Associates, a member of ZICOLAWCambodia, Transition from ‘Live Era’ to ‘Life Era’ (1:00PM - 1:15PM)Anita Cui, Deputy General Manager of GREDvKirirom Project Development (1:15PM - 1:45PM)Takeshi Izuka, President of vKirirom ProjectForeign Ownership in Cambodia: Regulations and Practice (2:30PM - 3:15PM)Matthew Rendall, Managing Partner at SokSiphana & Associates a member of ZICOLAWIntegrating Security to Increase Property Value (3:15PM - 3:45PM)Athanasius Pang, Managing Director - Trivox Global Security Group; Brand Principal of DL EdvanceHow Singaporean Investors View the Cambodian Market (3:45PM - 4:30PM)Jo Chua, Head of International Developers Business for PropertyGuru GroupTax for Investors: Real Estate Tax Considerations for Cambodian Property Owners (4:30PM - 4:45PM)Anthony Galliano, CEO of Cambodian Investment Management (CIM) GroupThe New Landscape of Property Management in Phnom Penh (4:45PM - 5:15PM)Benny Tan, Principal Consultant at SC CapitalSeminar Schedule Day 2 - May 6, Saturday:Consumer Trends in the Cambodia Real Estate Market (1:30PM - 2:00PM)Tom O’Sullivan, CEO at Realestate.com.khIndustrial Property & SEZ Investment in Emerging Markets & The Benefits of Manufacturing in Cambodia (2:00PM - 2:30PM)Edmond Lim, Project Head, Cambodia PropnexInvestment Opportunities in Chroy Changvar (2:30PM - 2:45PM)Leang Ki, Sales Manager - Highland CondominiumOpportunities for Investment in the vKirirom Project (2:45PM - 3:00PM)Takeshi Izuka, President of vKirirom ProjectSihanoukville Rising: Cambodia’s Coastal Development (3:30PM - 4:15PM)Christophe Forsinetti, Chief Operating Officer KC JSMRealise the Untapped Potential of the Indochina Property Market (4:15PM - 4:30PM)Johnny Chan, Sales & Marketing Director at Creed GroupManaging Your Asset: Property Management Considerations for Investors (4:30PM - 5:00PM)Simon Griffiths, General Manager for Asset Management Company Metro GlobalCross Border Data Penetration and Market Verticals for Real Estate (5:00PM - 5:30PM)William Lai, Principal Consultant at SC CapitalDownload the full schedule here.The Cambodia Real Estate Show is on this week!Friday and Saturday, 5&6 May @Nagaworld Hotel (Grand Ballroom Level 2), 10:00AM -> 6:00PM.+ 20+ new projects on show+ Educational seminars from leading economists, agents and lawyers+ Win international flights from Cambodia Angkor Air+ Exclusive car test drives with Porsche and Mercedes.FREE ENTRY - NO REGISTRATION REQUIREDBring your friends, family and network to Cambodia’s one and only Real Estate Show, powered by Realestate.com.kh!REGISTER NOW FOR SHOW UPDATESNEED MORE INFO OR ASSISTANCE: +855 17 436 756 / +855 69 436 756 info@realestate.com.khFind the best real estate news on Realestate.com.kh

Last Friday 7th of April, Oxley Holdings and WorldBridge Land (Cambodia) Co., Ltd., the Singaporean and Cambodian joint venture partners of “The Peak” and “The Bridge” mixed-use developments in Tonle Bassac, hosted a Khmer New Year celebration party to announce a successful year for the company at the Raffles Hotel Le Royal, Phnom Penh.Oknha Rithy Sear, Chairman of Oxley (Gem) Cambodia Co., Ltd., spoke at Friday evening's event, stating that, “This past year has been filled with milestones for our company. The topping out of our first major project in Cambodia, The Bridge, and the strong sales and construction progress of our second major mixed use development, The Peak.”“For this reason, we decided to organize a small event to celebrate the Cambodian festival season and the upcoming Khmer New Year. I would like to thank everyone for their attendance and wish you all a year full of health and prosperity,” continued Oknha Sear.The Bridge “topped-out” in December 2016, celebrating the completion of the last stage of structural construction for the project. Oxley Holdings and Cambodia’s WorldBridgeLand have committed more than $300 million of investment into The Bridge project, which is expected to complete and deliver to its buyers on time by the year 2018.The Bridge complex, overseeing Diamond Island and Bassac River, was a first-mover in the Phnom Penh prime condo, commercial and retail space market, and has recorded impressive sales numbers. Meanwhile, the developer is currently working on their second project, The Peak hotel mixed-development located approximately 50 meters from The Bridge. The Peak is set to be completed by 2020.  Click here for more information on The Peak Realestate.com.kh

On 8th April 2017, Creed Cambodia, the biggest Japanese developer in Cambodia has celebrated ‘’ The Handover Ceremony” for its Borey Maha Sensok’s buyers at construction site which is located on Plov Wat Tang Korsang, Sang Kat Krang Thung, Khan Sen Sok, Phnom Penh, and 3 kilometers from Phnom Penh International Airport. The Handover Ceremony was attended by Mr.Eguchi Takashi, President of Creed Cambodia, Mr. Kato Shuji, Construction Director of Creed Cambodia, and many distinguished guests.Borey Maha Sensok is the second residential development project by Creed Cambodia after their first condominium project, Bodaiju Residences. Borey Maha Sensok is covered approximately 12 hectares of land size, consists of 665 units of flat houses. The flat price start from $49,500 onward. Currently, Borey Maha Sensok successfully sold out more than 85% of whole project and first block of houses will be available to reside by this month and expect to finish the project by end of 2017.On the ceremony date, Mr. Eguchi Takashi, President of Creed Cambodia expressed the appreciation for customers that have strongly support Borey Maha Sensok Project: "On behalf of Creed Cambodia, we would like to thank to all our customers who strongly believe and purchase Borey Maha Sensok with trust of our company. Without support from our buyers, Borey Maha Sensok will not have this success."Moreover, Construction Director of Creed Cambodia, Mr. Kato Shuji has delivered an inspection speech about the feature points of Borey Maha Sensok that urge customer to trust and purchase our units. The three pillars of Borey Maha Sensok projects are: Health, Ecology and Safety. These concepts are indispensable to Japanese residential development. He also added the attraction points of Borey Maha Sensok about the facilities provided inside the Borey including Exterior gym, Foot Message Path, and Tree Trunk Path, Eco-Friendly lighting system, Solar Power, Street Lights and etc. Besides the facilities inside the Borey, he also mentioned the materials using to build the house, ‘’We’ve tried to use fine international brands as many as possible to keep our construction quality such as Schneider brand for electric breakers, switches and power plugs, SCG Elephant for Water and Sewage pipes, a famous painting from Singapore brand of ICI Paints, and Srun Mong, K-cement and Camel. For concrete.’’On that occasion, Mrs.Cheng Sokha, Deputy sales & marketing director added that Borey Maha Sensok is one among of numerous projects in Southeast Asia which is developed by Creed Group, a Japanese real estate firm specialized in principal investment and property development. As time passed, Creed Group has been investing in Malaysia, Cambodia, Vietnam, Myanmar, and Bangladesh since 2012, and investment amount is USD 340 million at the end of 2016.For more details about its coming project, please contact to 023 900 661 or check out its Facebook page: Creed Cambodia.Please find out new development in Cambodia on Realestate.com.kh

With Cambodia’s growth as an emerging economy in the global market, it is inevitable for new technological advancements to also penetrate through to different industries. One such industry though is the transport sector, where the country is slowly trying to catch up with its neighbors – specifically, in terms of transportation booking apps for mobility. But is the market really open to welcome new players in the industry or is it getting too crowded?Who’s willing to take a risk?While UBER may be a global phenomenon for bringing ease and comfort to millions of people worldwide, it’s not the first of its kind to actually spring up in Cambodia. Previous startups have given this a go. These include Choice Taxi, Exnet Taxi Cambodia, PassApp Tax, and iTsumo. But the company doesn’t seem any bit fazed.Just recently, David Van – Managing Director of Bower Group Asia – brought UBER representatives to meet with Cambodian Minister of Public Works & Transport Sun Chanthol to discuss proposals for their future launch. Although no details have been given yet regarding the official date of the launch, it looks like the company is in full gear to do it soon because this news comes only a two months after UBER’s first meeting with the Cambodian Minister of Commerce Pan Sorasak.UBER CambodiaThe company may be coming in full force, but there are also concerns of UBER eventually collapsing, especially with news of them having pulled out from China in exchange for a 20% holding in its competitor’s company, Didi. CNN also reports that UBER is pulling out from Denmark as well. If that’s any indication, then UBER may have troubles with the Cambodian Market.Despite this, a post from the ministry of Commerce Facebook page says “Mr. Chan Park and Mr. Brian Shroder, the representatives of American worldwide online transportation network company called ‘UBER’ said that they were very impressed with Cambodia’s new market. But at the same time, they need to understand more about economic situation, people’s living standard, and other challenges first.”How will people accept UBER?According to Masahito Ambashi, Economist for the Economic Research Institute for Asean and East Asia, mentioned “UBER is famous internationally, including in Cambodia. Consumers may try its services, as they are different from those of locals. If such trends occur, a bandwagon effect could be expected.” And this could ultimately lead to UBER’s success.In line with this, Ambashi adds that “more wealthy middle-income groups – which can afford to enjoy service consumption – are certainly emerging in Cambodia.” This means that the number of people who can afford UBER rides are also increasing.The other question remains, can Uber challenge the local tuk tuk market? Tuk tuks are everywhere in the major cities of Cambodia and are never far away from people in need of transportation for very low prices.The great thing about emerging markets is its potential for growth. But along with it comes the risks investors have to take because its regulations and laws are not fully developed yet. So, whether UBER Cambodia succeeds or not will fully depend on how well they did their study and how well they market themselves to the people of Cambodia.Find the best real estate news on Realestate.com.kh

Samdech Techo Hun Sen Boulevard has been officially launched this morning, April 3, 2017 in the honorable presence of Samdech Techo Hun Sen.Samdech Techo Hun Sen Boulevard started constructing in March of 2011 under ING Co., Ltd. This Boulevard connects Route 271, Chromos Chrouk (Kbal Tnol), the Boeung Tompun wetlands, and National Road  No. 2 in Takmao City, Kandal province.The Boulevard is considered the largest public road in the city, with a total length of 9,160 meters. Its construction is expected to improve traffic overall and to make travel from the outskirts of Phnom Penh to Kandal easier.Infrastructure has become a major focus point in the development of related real estate in the area and its land prices. Mr. In Setha, CEO of real estate website www.cambodia21.com said, "The price of land there has increased compared to the last few years from when it was just land area and lakes. Nowadays, it holds great potential. Land prices from Road 271 to the international school project ISPP range from $750 to $850 per square meter, and the value of projects from Connor around the International School ISPP to National Road No. 2 range from $200 to $350 per square meter "He added: "Because of the development of good infrastructure and development projects, housing developments like The Element condo project, the residential Woodland project, Borey Peng Hout and Chip Mong are already planning to go there."Development to the south is the best choice for the development of Phnom Penh city. In fact, infrastructure developments like these ease traffic congestions and improves the standard of living around the area. Overall, this is geared towards sustainable development where what once just a lake will become the region’s main trade and investment location.For up to date news and information, visit our news section at Realestate.com.kh now.

Register for FREE to attend the show!Cambodia’s real estate sector is attracting the attention of investors from around the region and the world. The property market has grown phenomenally in last 5 years, and major cities are demonstrating some of the highest urban expansion and population growth rates in the region.Despite remaining an “emerging market”, Cambodia is demonstrating lower risk than this label usually suggests - demonstrating strong fundamentals for property investors and regionally high yields, which has already attracted a multitude of international development companies from around the world to launch projects:Why Invest In Cambodian Property? The Fundamentals:US$ Investment Economy: Invest in the world’s most resilient currency as Cambodia has long been a dollarized economy and will continue to be.Virgin Investment Territory: Enormous growth potential and very positive appreciation trends in recent years.Strong, Sustained Growth in GDP: 5% average for the last 5 years, year on year. No. #21 worldwide in growth, and No. #1 in the region.Secure Assets: Freehold Foreign Ownership Laws that have been successfully supporting investor’s since 2010.Strategic Location: Sandwiched between two strong economies, Thailand and Vietnam; Midway between the world’s largest and fastest growing economies, China and India; and sitting between Australasia and Asia, with trade agreements connecting it to both.Political Stability: The country has had the same Prime Minister for more than a quarter of a century, the longest serving non-royal leader in South East Asia.Trade Integration & Regional Logistics Chain: Joined ASEAN for increased access to regional markets; LDC status gives tariff free access to highly developed markets in Europe and Americas; Cambodia is firmly part of China’s “One Belt, One Road” policy.Improved Logistics: Deep sea port, railways, roads and flight connections around the nation and Asia growing yearly.Retirees’ Mecca: Due to a unique, low-cost quality of life.A Cash Economy: Money flows inside and outside of Cambodia are simple and cost-effective for international investors.Developments of all varieties are rising fast across the nation, giving buyers a wide range of options to choose from, with investment properties suited to all budgets and needs. However, purchasing the right property is an important decision that requires diligence and a full survey of the strength of that financial investment - which can be difficult for those investors residing outside the country.For this reason, Realestate.com.kh, Cambodia most visited and most preferred real estate portal, is hosting the most comprehensive Cambodia real estate show in the nation’s history. The Realestate.com.kh Cambodia Real Estate Show will take place on the 5th and 6th of May 2017 at the country’s most famous Hotel and Casino: NagaWorld.The event will be a one-stop exhibition where buyers can simultaneous survey the country's hottest property offerings and learn the necessities of an informed and secure investment decision in Cambodia.The Creed Group, HLH Group/Camhomes and Graticity Real Estate Development (GRED), Habitat, NC Max World, J&L Property Development, EASTLAND, CORE PPSEZ, DH3, Royal HM trading, Sky 31, Vikirirom Pine Resort, among others, have already booked their booth space.Silver Sponsors of the event: LASTMILE WORKS Co., Ltd and Seara Sports Systems.Seminars and speeches by local consultants will be running throughout the two days to promote understanding of the legal climate in Cambodia and the best ways for investors to manage their property assets in country. Those seminars will have the objective of promoting knowledge and establish confidence in purchasing a property in the Kingdom.Realestate.com.kh’s unique partnerships with marketing channels such as the PropertyGuru Group (Asia’s largest and most visited real estate portal group) and Juwai.com (China’s #1 website for Chinese buyers looking to buy purchase property abroad) will attract serious international buyers for the two day show. Local marketing will also be comprehensive, targeting both the expatriate population and high-net-worth local property investors. The show is strategically being held at NagaWorld Hotel, the first choice for accommodation in Phnom Penh for Asian investors, dignitaries and business people.Mark the Cambodia Real Estate Show in your calendar on the 5th and 6th of May 2017 now and book your flights. Get ready for the biggest property show in Cambodia’s history.Business Cambodia, Bizkhmer, Khmernavi, Sin Chew Daily, B2B, Amcham, Britcham, Cambodia Constructors Association, Cambodian Valuers and Estate Agent Association PropertyGuru, PropertyGuru International, Juwai, Khmer Times and La Reine.For sponsorship or exhibitor opportunities at the Cambodia Real Estate Show, please contact us at info@realestate.com.kh or call +855 98 67 67 82Find the best real estate news on Realestate.com.khRegister for FREE to attend the show!

Partnerships can be a powerful tool for the of a successful business; 360 Ads & Events has organized a public forum, with both local and International companies, in order to fulfill a collective calling towards better collaboration for Cambodian businesses.On the 16th and 17th of February 2017, 360 Ads & Events held a forum called Wealth Building at Sokha Hotel.This forum was the first platform in Cambodia that aimed to assist various groups such as youth, students, startups, real estate experts, and general public. The goal was to better educate them on financial and business matters so that they could reach their business targets in the most meaningful way.Ms. Dary Dek, Managing Director of 360 Ads & Events, said that the Wealth Building program was an event that combined three fairs in one single forum: wealth, marketing, startup. The objective of the event was to create a new platform for financial education for the public, to display the potential of new startups and to promote networking among business partners, and investors. It also aimed to bring associations, businesses, and the Junior Chamber International together to promote dialogue and cooperation.The two-day forum was divided into eight seminar sessions to provide different perspectives from several speakers. The topics of the forum included “Should You Quit Your Job and Start a Business?”, “How to Create Multiple Incomes”, “How to Recruit the Right Sales Team”, “E-commerce and How You Can Benefit”, “Basics of Real Estate Investment”, “How to Benefit from Startup Supporters and Investors”, “Practical Tips in Setting Up a Strong Marketing Team”, and “Building Personal Brands Using Social Media”.The speakers, did their best to motivate and encourage young students and entrepreneurs to start their own business and create business plans.Mr. Phul Puthy, the co-founder of Small World Cambodia suggested to the public that “if you want to start a business, first make sure you know what you like to do and what your interests are. Once you know these, try to build your business around it.”Chy Sila, the CEO of Sabay Digital Corporation, also shared the same ideology. He said, “If you are thinking of starting a business, make sure that fits your interests and your passions, otherwise you are likely to run into failure.”The young crowd participating at the event seemed very interested and motivated by the topic covered. Mr. Sok Sinat, one of the many students who joined the event, with his friends. He said, “I like to take part in this types of forums since I think that is very beneficial as I can learn new things that are not generally taught in the classroom. More importantly, it helps me to gain knowledge about the current market, new business concepts, and opportunities.”A staff member from a real estate company, Mr Van Vichet, said, “This forum helped me to understand how to set up a new business and a good sales team. I also, had the chance to meet successful business entrepreneurs, who shared ideas and tips about their businesses.”In conclusion, the forum successfully completed its two-day run with more than 200 participants who visited the 40 stands and attended the seminars. 360 Ads & event will be running more events and forums in the upcoming months.Find the best real estate news on Realestate.com.kh

Sihanoukville is one of Cambodia’s premier tourist destinations and fastest growing cities, which has recently became a target for many property developers. Find out why Sihanoukville is Cambodia’s next real estate boom town...Some developers are focused on the tourism sector, which is attracting millions yearly due to the province’s white sand beaches; others are looking to the residential realm - where modern accommodation is in demand for seasonal holiday makers, workers and managers for the Special Economic Zones within and around the city; and local Cambodia investors looking to buy their next dream home in Cambodia’s next up and coming city.Sihanoukville, in comparison to Phnom Penh and Siem Reap, presents a more extensive growth prospect for Cambodian property investors - due to the various fundamentals at play here: tourism is a strong pull for foreigners and affluent locals. Meanwhile, Sihanoukville has a strong economic and is industrial focus, with many international companies currently investing large capital for operations here. This population of working foreigners, in addition to consistently increasing tourist arrivals - suggests a future rentals market in Sihanoukville that is likely to buoy residential investor returns in the coming years.Camhomes was one of the first-mover’s in the Sihanoukville residential market with their maiden condo project “D’Seaview” – a majestic high rise alongside the city’s beautiful coastline.HLH Group is a Singapore listed company with significant experience in residential developments in other markets; and Camhomes represents HLH Group’s “Property Division” in Cambodia.D’Seaview is strategically located next to the popular and picturesque Sokha Beach, raised on almost one hectare of land area, with a total of 737 residential units of one, two and three bedrooms apartments. This project will be a mix development featuring condominium units, commercial units as well as a hotel. Residents and guests will be able to enjoy common facilities such as the swimming pool, gym, lush garden and a squash court.The construction started in January 2016 and progress has picked up very quickly: the foundations are rising at an impressive speed and 100% of the piling work has already been completed. The company is now focusing on the main building construction and the construction of the carpark underneath is now underway and right on schedule. Camhomes believes in: choosing the best quality materials for the development and is making all the necessary controls in order to ensure long lasting quality of each and every unit. A temporary office has also been set up and is ready to welcome those interested in visiting the site.Camhomes is working closely with Shanghai Bao Yue (SBC), a subsidiary of MCC (Cambodia), its main construction builder, on the planning and execution schedule in order to avoid any delay and complete the construction on time. The construction is expected to be completed by the 3rd quarter of 2019 - and units will be ready for handover to buyers.The development offers a wide range of unit choices to meet the needs of both local and foreign customers. Prices are being priced reasonably and competitively and D’Seaview is in cooperation with Maybank (Cambodia), to cater to buyers financing options for loan up to 25 years at 70% of purchase price - and a 9% interest rate.Learn more about the D’Seaview project today!

Habitat Condos is one of a kind exclusive luxury condo development in Phnom Penh with only 13 units, located within 14 floors, on cosmopolitan Street 21 in Tonle Bassac – one of the most sought after residential districts, 200m from Aeon mall, and Bassac Lane with its trendy bars and restaurants.To celebrate the close of construction and the upcoming first handover of units to buyers, this coming Thursday 9th and 10th February, the developers of Habitat are cordially inviting prospective buyers to come and visit the completed units.The Open Home event will run from 8am - 8pm on Thursday the 9th and 10th of February. PROSPECTIVE BUYERS ONLY are welcome at the event (this event is not for real estate agents, none to attend). Starting prices for the completed units begin from $232,000 (just $2,600 p/sm).  Habitat Condos, from an investment perspective, offers very few uncertainties and no developer risk. Units are now ready for handover, with guaranteed full freehold ownership upon signing and handover as the strata titling process is completed.Investors will have an asset yielding a yearly rental return rate between 7% to 9% immediately, thanks to the units’ exceptional appeal to those searching for exclusive luxury, stunning design and volumes, and high-end natural materials & finishes, all in secluded privacy while in the heart of Phnom Penh.Constructed to international standards and quality, Habitat Condos meets all embassy employee residence guidelines, with fire, electrical, security and construction standards of first-world quality and safety.All units include beautiful hardwood floors, harvested from sustainable forests in Cambodia by a reputable international company, with full line traceability. Electronic key systems come standard, with CCTV throughout, and fire-fighting systems and codes in place, complemented by smart TV connections and ceiling ducted A/C systems in all units.Also inclusive to the property are dedicated community areas which include a rooftop saltwater swimming pool, gym, and BBQ area on the upper rooftop. The top floor duplex units offer stunning views and benefit from a private direct access to the recreation facilities.And from a capital appreciation point of view, Tonle Bassac is a district where property values show strong resilience thanks to its increasing appeal underpinned by the proximity of Aeon Mall, Naga hotels and casinos, luxury duty free shops, new restaurants, bars, and high end developments.But come and see for yourself on Thursday 9th and 10th - 8am to 8pm. ALL MUST RSVP BEFORE THE EVENT (No Walk-Ins): Matthew Tippetts: Matthew.tippetts@m-invest.capital - 010 927 450Find out more about Habitat Condos today!

In the past years Phnom Penh’s lifestyle has seen a rapid shift from traditional to a more modern one. People are changing their mindsets as well as way of living; within real estate this can be seen in the fast rise of condominiums and borey, which have given local market its necessary momentum.Currently, those interested in investing in a property in Cambodia can enjoy a very high offer; of course, caution should still be applied when choosing any project. The ministry warns the buyers to ensure that the projects for purchase have legally obtained licenses from the relevant ministries. As a matter a fact there is already a number of projects in the city have been declared illegal, thus buyers must be extra careful.Luckily the majority of the projects provide confidence to the public due to their reputation, experience, quality, and the investment opportunities attached to them. Realestate.com.kh has gathered some of the​ best borey in Phnom Penh whit a price range of $40,000-300,000:1. Borey Peng Huoth has been a popular project for quite some time now. It is located in well developed areas including Peng Hout Oknha Mong Reththy street,  Peng Huoth Phsar PC market, and Peng Huoth Road 6A. A unit at Borey Peng Huoth, starts at $60,000 and works its way up. Borey Peng Huoth also won the Best Residential Development Property Awards for 2016 and it has gained confidence from customers for its quality of construction, stylish housing design and years of experience. Borey Peng Huoth recently completed several projects and is also planning to start projects that will include The Star Premier -- located along Chea Sophara Road -- and The Star Premier Project which will be located along Highway 6A. You can contact them for more information and to purchase your dream house that may come in various types and sizes.2. Borey The Mekong Royal is a development project by the Mekong Phnom Penh Development Corporation Ltd. It is located along National Road 6, near the agricultural school Prekleap. Plans on developing and improving infrastructure for this area have already been discussed with local government, in order to address important issues such a traffic congestion and accessibility. Road No. 6 also connects to the big provinces Kampong Cham, Kampong Thom, Siem Reap, etc. Borey The Mekong Royal is also accompanied by a nice river view and enormous investment opportunities. There are many types of residences offered, such as villas, link houses, and shophouses, with starting prices at around $100,000. This Borey project is most suitable for safe and modern Khmer living.3. Borey New World has 10 years of experience in developing housing and has build up to 10,000 residential units to date. The company offers both reliability and quality for buyers. Borey Piphup Thmey is located near Boeung Chhouk, Phsar PC, Camko City, and Chamka Dong. Its strategic location is also in proximity of the potential investment area of Chea Sophara Road and Takmao. Units at the Borey Piphup Thmey have a starting price of $60,000.4. Borey Phnom Penh Thmey is another Borey located in the Municipal development, where there are currently eight ongoing projects along Chea Sophara Road. Unit prices range anywhere from $100,000 to $500,000.5. Borey Maha Sensok is a housing project under the development of the Japanese Company Creed Group. There are approximately 683 residential houses built on an area of ​​114,005 square meters. The project offers different types of villas, business units and a park pool water gym. This starting price is at $ 40,000.6. Borey Angkor residential accommodation provides high living standards and each construction project follows aesthetically-pleasing and topnotch quality. The development will offer property types such as villas, twin villas, link houses, and many more. Housing projects built by Borei Angkor has always gained support from buyers and investors, suggesting high confidence in the developer. You can check out the Borei Angkor I, Borei Angkor II and Borei Angkor III projects today. Starting price from $100,000.7. The Borey Hi-Tech Luxury project is one of the most popular projects in Phnom Penh. It is located 800 meters from Monivong bridge. The housing is built with great quality materials and offer both single and twin villas with a starting price of approximately $300,000.8. The Orkide Villa is a residential property in the city which is conveniently located in Sen Sok at Teuk Thla. New projects are situated along National Road 6A. Residential units are priced from $150,000. Beyond housing projects, they also offer various amenities like a swimming pool, a park, a playground, and a recreation center.9. Grand Phnom Penh has been completed outside the capital, in the satellite town project in Khan Sen Sok. Grand Phnom Penh residence offers several different types of properties, like villas and shop houses of varying size. The price ranges from $100,000 to $200,000 and up. It has modern aesthetics and comes with in-house security to help families to feel safe.10. Borey Lim Chheang Hak is a construction company and housing project that was founded in 1990. It is one of the leading construction companies who’ve built residential units for families in Phnom Penh through careful analysis of the needs of its customers. They are continuing to grow and gain recognition in Cambodia. They have and continue to build numerous projects located in Chom Chaov, Chomkardong, Stung Meanchey, Veal Sbov, and Phnom Penh Thmey. The company offers various property types such as villas, flats, and shophouses. The sales price for individual units start at approximately $60,000.Borey in Phnom Penh have significantly increased, which led to a more competitive market and improved construction standards. This has allowed them to offer a modern and comfortable lifestyle with international quality standards. Find out more about Borey projects on Realestate.com.kh

In highly competitive and unregulated markets such as Cambodia; few agents are working as hard as NC Max World Co., Ltd. to bring more transparency and fair practice to their industry.Realestate.com.kh met up with Mr. Toko Kobayashi, Chairman & CEO of NC Max World Co. Ltd.Mr. Kobayashi, originally from Japan, has been operating real estate businesses for over thirty years, gaining invaluable experience in crucial markets such as the USA, Japan, Macao, Thailand, Europe and Cambodia.When asked why he chose Cambodia, Mr. Kobayashi informed us that “Cambodia is currently offering significant investment opportunities” and that he believes this trend will continue to rise over the upcoming years.The prosperity of the local real estate market has also been verified by the ASEAN Investment Report, which stated that between January and August 2016, real estate foreign direct investment reached $7.2 billion.Mr. Kobayashi has also revealed that Cambodia offers a luxurious yet affordable lifestyle, which has been attracting an ever increasing number of expats searching for better quality of life over the past several years. This is also reflected within the Global Retirement Index, in which Cambodia ranked first among 23 countries for having the lowest cost of living. Due to his extensive experience across the international markets, we asked Mr. Kobayashi to draw comparison on how he felt about the local market. “Cambodia displays very weak regulations when it comes to professional conduct in real estate, compared to the other countries I have worked in”, says Mr. Kobayashi. In Cambodia, the absence of certified accredited license requirements, makes anyone eligible to become an agent and establish a real estate company. This in turn has contributed to the manifestation of a fairly sinister environment, where expats often fall victim to scams, inflated prices or mal-practice. “People often enter into real estate thinking that they’ll become rich quickly, but they fail to understand that in reality the average time it takes for an agent to sell their first property is approximately six to twelve months. This span of time, whereby the agent is unable to earn a commission, pushes those in for a quick buck to operate without integrity.” says Mr. Kobayashi.His advice for all those considering real estate investments in the Kingdom, is to perform a thorough check before signing any agreements or making any payments.As a professional with decades of experience, Mr. Kobayashi feels it is his duty and responsibility to operate with integrity and harbor good practice. The NC Max World Co. Ltd. team helps expats to find the right property based on their personal and financial needs.Although this is nothing new for the international markets, what differentiates Mr. Kobayashi from other Real Estate Agents operating in the Kingdom is that his team performs thorough due diligence reports on behalf of its clients, ensuring safe and reliable transactions. “I am not looking for quick return, my strategy has always been to focus on establishing long term relationships and relying on positive word of mouth. Real Estate is usually one of the most significant purchases we make in our lifetime, therefore we have a duty to display the upmost integrity and honesty with every single one of our clients. After all, a happy customer is a returning customer” says Mr Kobayashi.  The team at NC Max World Co. Ltd, whose exceptional code of conduct forms the foundation of their business practice, are firm believers that a transparent, regulated market starts with the agents. If you are looking for a property to invest and want to ensure a safe purchase, visit: http://realestate.com.kh/max-world-real-estate/

Condominium as an investment:In recent years, developers have shifted their development focus towards modern condominiums in order to satisfy the needs of the current and upcoming generation.  A condominium is now a popular type of modern, and luxury living space. Condos have very special characteristics that differentiate them from other types of residential properties in Phnom Penh. It caters to the needs of the working class, offering convenience as traffic worsens. Moreover, condominiums are the perfect choice for those who want to live in proximity to the commercial hubs of the city, schools, business centres, and other amenities which offer you high standards of living.Investing in a condominium is a big step and investors need to be certain that they are making the right investment decision, to prevent money loss, overspending, or wasting time on unnecessary problems. If you are considering investing in a condominium in Phnom Penh, you should consider several factors. Although investing in property is a vast subject area, this article aims to offer valuable information in respect to the factors that those future buyers should consider.If you're interested in other topics related to investing in Cambodia, you need to read our Investment Guide 2019. What are the hottest areas for condos in Phnom Penh?When talking about potential areas for investing in condo in Phnom Penh, Khan Chamkarmon has 4 Sangkats that display high potential. These are BKK1, BKK2, BKK3 and Toul Tom Poung. There are already few condo investment opportunities in these areas such as the Imperial Crown Condominium, and the 88 Suite Condo.Other condo projects in Khan Chamkarmon include (but not limited to) the East View, East commercial Centre,  The Penthouse Residence, The Bridge, Habitat Condo.Does Toul Kork have any potential for condo developments? And how about other Khans in Phnom Penh?Recently, Toul Kork became a target for residential developments as well as businesses. Although this area is not as developed as Chamkarmon yet, it is set to become a big residential area in the near future.There are already few developments in Toul Kok which will be soon completed, such as the TK Royal One opposite to Royal University of Phnom Penh, Apennines in Boeung Kak 2, The Gateway which is so close to Parkson Mall along Russian Blvd.What type of customers are best-suited for condo living?Living in a condo entails a modern way of life focused on convenience, comfortability, and security. Majority of the condominiums are occupied by foreigners while Khmer nationals prefer a more traditional lifestyle and chose to live with their extended families in landed houses. However, this trend might change in the upcoming years, and Khmer nationals are predicted to switch their focus on villas and condominiums.Which areas do expats prefer to live in?Chamkarmon:The four Sangkats of Chamkarmon are the most preferred areas of living for expats. As mentioned, these are the BKK1, BKK2, BKK3, and Toul Tom Pong areas. These areas are very popular because are filled with businesses and entertainments such as: pubs, coffee shops, bars, karaokes, clubs, fitness centres, restaurants, and many other service-centered businesses.Daun Penh:Khan Daun Penh is another popular area among expats. This areas is also offers several entertainments but also features tourist attractions such as the riverbank and the royal palace. There are a few sangkats where expats are fond of such as Sangkat Phsar Kandal 1,  Phsar Kandal 2, Phsar Chas, and Sangkat Chey Chum Nas.Are you looking for a professional property management for your condo investment?Property management services include operations, control, and oversight administration of residential properties. The administration takes the overall control of the property on behalf of the owner.  When considering purchasing a condo, make sure you research the property management firm taking care of development. Remember: this firm will take care of the management of all the common areas and services offered in the condominium, it is therefore crucial to the firm's capabilities and experience. Learn more about Lack of Quality Property Management may knock Investor Confidence in New Developments Market!Are you a foreigner wanting to invest in condo? Here are your ownership rights:Foreign nationals are unable to buy land  and landed property freehold within Cambodia, in accordance with the Land Law of 2001 and the Cambodian Constitution, unless a landholding company is set up with the majority of shares being held by a Cambodian citizen or citizens.Nominee Structure: This structure or method is used by some foreigners to own land or landed properties in the country. It’s fast, easy, and inexpensive. Basically, real property is bought by the foreigner. The property title is then transferred into the Nominee’s name. Once titles are received, a lease and/or mortgage is registered through the Sangkat office. The security documents are also signed in Khmer and English. The foreigner then holds the property title.Strata title: A strata title is a form of ownership certificate for units in a co-owned building. There are also a number of laws, policies, and amendments made in Cambodia to safeguard the condominium and strata titling mechanism. One of these is that foreigners cannot own a grounded unit. They also cannot own more than 70% of the units of the building.For detailed information on Strata Titles, check out our Strata Title GuideTax obligation: A co-ownership title transfer costs around 4% of the value of the property which is evaluated and set by the cadastral official.Is an off-sale condo a worthy investment?Off-sale refers to the purchase of condo units before the completion of the construction. The off-sale unites are usually quite appealing due to their discounted prices and can offer a quick return on investments. However, developers often tend to delay their constructions and buyers are advised to consult a knowledgeable attorney and insert their own conditions in the agreement, especially in regards to the completion date and the deposit.Why should you consider investing in Condo in Phnom Penh?International investors are rushing in the Cambodian capital, Phnom Penh, seeking a share of one of the region's last frontier property markets.Price Comparison with neighbouring countriesCambodia offers a wide range of luxury accommodation. It also offers a high standard yet affordable lifestyle, compared to the neighboring countries. In the Global Retirement Index report, Cambodia ranked 1st among 23 countries for having the lowest cost of living. Therefore, is not surprising that an ever increasing number of expats searching for a better quality of life over the past several years,is relocating to Cambodia.According to Bonna Realty, the price for grade A condos lies between $2,300 to $5,791/sqm; Grade B+ at $1,718 to $3,725/sqm; Grade B $1,000 to $3,000/sqm; and Grade C around $789 to $1,700/sqm. In comparison, according to the CBRE Vietnam report, in Vietnam the average sales price is at $2,046/sq.Instead in Bangkok, there are six categories of condos: the Super Luxury is above $7,058/sqm, Luxury is at $4,799 to 7,057/sqm, High End is at $3,387 to 4,798/sqm, Upper-Mid-range is at $2,541 to 3,388/sqm, Mid-range is at $1,976 to 2,540/sqm, Entry Level is Below $1,974/sqm. (CBRE Thai report).Future Market Supply of Condominium Units in Phnom Penh:According to CBRE Cambodia’s Marketview report Q2 2016, the addition of 22,464 units will raise the total supply to 25,250 units by the end of 2018, marking an 806% increase. Additionally, Knight Frank estimates that by 2020, 74 projects will add 24,533 units to the residential condo market, marking a sevenfold increase in total supply, with a growth of 723.5%.An even bigger prediction is made by Century21 Cambodia, forecasting that or future by 2020 the total supply of completed condominium units will reach a rounded figure of 37,570.These forecasts suggest that Cambodia is developing quickly and investors are showing great confidence in the market. An ever increasing number of foreigners is considering relocating to Asia. Are you one of them?Take a look at these finished new developments at Phnom Penh now!