The Ministry of Economy and Finance in Cambodia has recently introduced an initiative aimed at promoting economic growth and development in several cities. With the issuance of Prakas No. 329 MEF on June 1, 2023, the ministry has announced a property tax exemption until the end of the year. This move is expected to attract property owners and investors to specific areas, stimulating economic activity and creating new opportunities. Property Tax Exemption Details:Under the newly announced Prakas, property owners in Udong Mechey town (Kampong Speu province), Arey Ksat and Sampov Poun town (Kandal province), and Bokor town (Kampot province) are relieved from property tax obligations until the end of 2023. This exemption provides an excellent opportunity for both existing property owners and potential investors to maximize their returns on property investments and reduce their financial burden in the short term.Property Registration:To benefit from the property tax exemption, property owners must ensure that their properties are registered with the provincial tax branch or the Department of Property and Property Tax within the General Department of Taxation. Proper registration will facilitate the identification of eligible properties and streamline the administration of the tax exemption process.Promising Infrastructure Developments:One of the significant factors that enhance the growth potential of these cities is the planned construction of new bridges in strategic locations. The Cambodia-Republic of Korea Friendship Bridge will connect Chroy Changvar to Arey Ksat, providing a vital link between Phnom Penh and Kandal province, and the construction of another bridge from Phnom Penh's Chbar Ampov to Kandal's Lvea Em district. These infrastructure projects will connect key areas and contribute to improved transportation networks, accessibility, and connectivity, further enhancing the attractiveness of these regions for property investments. If you are seeking properties for rent or sale in Cambodia, there is a wide range of options available to suit your preferences and budget. Contact us now to find out Click Here

Siem Reap has emerged as an ideal retirement destination for expatriates seeking tranquillity, rich cultural heritage, and affordable living. This article explores the key factors that make Siem Reap an appealing choice for retirees.New Airport OpeningSiem Reap will soon boast a brand new international airport, set to open in October 2023. This significant development enhances connectivity to the region and will become the largest airport in Cambodia. With a terminal capable of handling 5-7 million passengers per year in its first phase, the new airport provides seamless access to major Asian cities, serving as a gateway to Siem Reap's charms. Retirees can easily travel to and from their home countries and explore neighbouring destinations with ease.ConnectivityEfforts are underway to develop an expressway connecting Siem Reap to other major cities in Cambodia, following the successful construction of the Phnom Penh-Sihanoukville and soon-to-be-constructed Phnom Penh-Bavet Expressway. The completion of the feasibility study and subsequent submission of the report to the Ministry of Public Works and Transport MPWT for review and consideration are significant steps in this project. Once realised, the expressway will enhance mobility, reduce travel time, and provide retirees with convenient access to the other cities in Cambodia. This development further solidifies Siem Reap's appeal as a retirement hub.Proximity to ThailandSiem Reap's strategic location near the Thai border makes it an ideal retirement destination for those wishing to explore the neighbouring country. The proximity to Thailand adds an exciting dimension to the retirement experience in Siem Reap, allowing retirees to easily embark on short trips to experience Thailand's hospitality.Angkor Wat: A Special Perk for Long-Term ResidentsSiem Reap is home to the renowned Angkor Wat temple complex, a UNESCO World Heritage site. Retirees who choose Siem Reap as their long-term residence enjoy a remarkable perk: free admission to Angkor Wat for foreigners who have lived in Cambodia for more than two years. This exclusive benefit allows retirees to fully immerse themselves in the region's rich history, explore Angkor Wat, and witness breathtaking sunrises and sunsets at no cost.Retirement Visa Retirement visa offers a retirement visa that allows foreign retirees aged 55 and above to live in the country. The visa can be obtained through the Cambodian Embassy or Consulate in your home country or through an agent in Cambodia. To find out more about the criteria consult our ultimate guide to retiring in Cambodia here  If you are seeking properties for rent or sale in Siem Reap, there is a wide range of options available to suit your preferences and budget. Contact us now to find outClick Here

Guaranteed Buy-Back (GBB) is a concept that may not be familiar to everyone in Cambodia's real estate market. It involves a unique arrangement where developers sell properties to buyers while assuring them of repurchasing the properties at an agreed price after a specific period. These repurchase houses offer both advantages and risks for potential buyers. Let's delve into the details.Advantages of Buying GBB Projects:Risk Mitigation: GBB offers buyers a level of risk control and protection. Regardless of market fluctuations or economic downturns, buyers have the assurance that their investment will be repurchased by the developer at an agreed price. This mitigates the risk of potential financial losses.Exit Strategy: GBB provides buyers with a predefined exit strategy. It offers a clear path for selling the property back to the developer, eliminating the uncertainties and challenges often associated with traditional property sales. This can be particularly beneficial for buyers who may need to liquidate their investment quickly.Cash Flow Generation: In the case of rental properties, GBB allows buyers to generate income through rental payments until the buy-back date. This additional cash flow can help offset mortgage costs or provide a steady stream of passive income.Developer Accountability: GBB projects hold developers accountable for their commitments. Developers are contractually obligated to repurchase the property at the agreed-upon price and within the specified timeframe. This provides buyers with a certain level of security and confidence in their investment. Risks of Buying GBB Projects:Limited Profit Potential: While GBB offers risk mitigation, it may limit the profit potential for buyers. If property prices appreciate significantly during the agreed-upon period, buyers are locked into the predetermined buy-back price, missing out on potential gains from selling in the open market.Reliance on Developer: GBB projects rely heavily on the financial stability and integrity of the developer. If the developer faces financial difficulties or bankruptcy, there is a risk that they may be unable to honour the buy-back agreement. This could result in buyers losing their investment or facing challenges in securing the repurchase.Lack of Flexibility: GBB projects often come with specific contractual terms, including time limits and conditions. Buyers must adhere to these terms, limiting their flexibility to adapt to changing circumstances or market conditions. This lack of flexibility can be a disadvantage for those seeking greater control over their investment.To make an informed decision, it is imperative for potential buyers to carefully consider the advantages and risks associated with GBB projects. Thorough research, due diligence, and seeking professional advice can help individuals navigate this unique real estate arrangement effectively. By understanding the terms and conditions, buyers can mitigate potential risks and make the most of their investments in Cambodia's real estate market. If you are looking for a Guaranteed Buy-Back (GBB) project in Cambodia, our dedicated team is ready to answer your queries Click Here

Realestate.com.kh has planned an Exclusive Property Showcase at their offices in Phnom Penh. The event will feature a carefully selected collection of highly sought-after projects from the Cambodian property market at the best prices for two days only. Scheduled for June 16-17, the showcase aims to highlight the most desirable properties available.Additionally, the Exclusive Property Showcase will present a range of exceptional resale properties that offer excellent value compared to market prices. As a result of significant sales volumes in 2023, Realestate.com.kh has established strong negotiating power with developers, enabling them to provide the best deals to their customers.Tom O'Sullivan, CEO of Realestate.com.kh said: “At the first-ever Property Showcase in Cambodia in 2022, we sold over one million dollars in property in just two days! Similar to last year, we will only have a limited number of units - so interested buyers should register now” (see more details below).Realestate.com.kh Property Showcase 2022 -  A Success StoryIn November 2022, realestate.com.kh held its first Property Showcase (which was an invitation-only event) and partnered with leading Cambodian property developers. The showcase was one of the first property shows in the Cambodian capital post-pandemic. Steff Khiem, Marketing Manager of Realestate.com.kh, said last year “We are in a unique position to negotiate the best prices in the market and we are very thankful to our partners for going the extra mile offering never-before-seen prices for our buyers.”Participating developers in 2022 included Le Condé BKK1, Morgan Group, Urban Living Solutions, Vue Aston and Time Square. Partner developer Le Condé BKK1 sold almost $500,000 worth of property at the showcase.What To Expect in 2023Realestate.com.kh promises to have the “hottest projects & under market value resale properties” but also available at massive discounts, some up to 40%!Anyone interested in buying property in the local market and if you are looking for an unmissable deal, this applies to Cambodian nationals and foreign buyers, is encouraged to register and attend and not miss out on this exciting opportunity!There will also be transport available for buyers to physically visit the properties during the two days. What Properties Are Available - 2023 Property ShowcaseThe upcoming Property Showcase features a diverse range of developments, including Le Condé BKK1, Time Square 306, J Tower 3, Residence H, Rose Apple Square (Siem Reap) and more. This event will bring together exclusive participation from renowned developers. These properties offer promising opportunities with units of high capital growth and rental yields. Additionally, the showcase will unveil under-market value properties, providing attendees with a chance to discover hidden gems in the Cambodian real estate market. This June 2023 Showcase promises a multitude of options, from modern condos in Phnom Penh to charming properties in Siem Reap, ensuring there's something to suit every taste and preference for investors and homeowners alike.How to Attend The Realestate.com.kh 2023 Property ShowcaseYou can register and attend physically or participate online via the Online Property Showcase website - but you need to register first.The participating projects and resale properties will be announced in due course, so stay tuned to realestate.com.kh socials for more information.Dates: Friday 16th June from 10AM till 7PM & Saturday 17th June 10AM till 5PMVenue: Realestate.com.kh Office, Level 1, Corner Street 302 & 63, BKK1 (Phnom Penh)Cambodia’s largest online classifieds portal has run a number of successful property shows, including its flagship Expo which will take place later this year.

When it comes to buying a property in Cambodia, there are many options to consider, from apartments and shophouses to condos and boreys.Each has its own unique value, so it's important to weigh your options carefully before making a decision.In this article, we will explore the pros and cons of condo vs borey. What is a condo, and what is a borey?Condos and Boreys are popular choices in Cambodia, but what exactly are they?A condo is a type of property where you own the unit itself, but not the land it sits on.Borey, on the other hand, is a gated community consisting of multiple houses that are typically built on their own plots of land.So, which one is better for you? Let's take a closer look at some of the pros and cons of each. CondoPros:Amenities: One of the biggest advantages of a condo is that they often come with a range of amenities such as a gym, swimming pool, and communal areas. This means you have access to all of these facilities without having to maintain them yourself.Security:  A condo often has security measures in place such as gated entrances and 24-hour security personnel.Low Maintenance: With a condo, you don't have to worry about maintaining the exterior of the building, the common areas, or the landscaping. This is taken care of by the property management team.Condominium buildings are often built in areas close to groceries, parks, restaurants, and other amenities.Cons:Association Fees: While the amenities and maintenance may be convenient, you'll have to pay monthly association fees to cover the cost of these services.Limited Privacy: Living in a condo means that you're near your neighbours, so you may have to sacrifice some privacy.Restrictions: Condo owners often have to abide by certain rules and regulations set by the management team or homeowners' association.BoreyPros:More Privacy: With a borey, you have your own house and plot of land, which provides more privacy than a condo.Customisation: You have more freedom to customise your home in a borey, from the layout to the decor.Potential for Appreciation: As the land that a borey sits on appreciates, the value of your home may also increase.It typically has its own infrastructure and services including roads, water, electricity, and waste management.Cons:Maintenance: Unlike a condo, you're responsible for maintaining the exterior of your home and the surrounding landscaping.Limited Amenities: Borey typically does not come with the same range of amenities as a condo, so you may have to source these yourself.Borey in Cambodia is usually located in off-central locations.So, which option is better for you? Ask yourself the following questions:What is your lifestyle like?What is your budget?What are your long-term goals? Are you looking for convenience, low maintenance, and a range of amenities? If so, a condo may be the better choice for you.Do you value privacy, customisation, and the potential for appreciation? If yes, then a borey may be the way to go.In general, a borey is ideal for families, on the other hand, a condo may suit individuals or couples.You may visit realestate.com.kh, which collaborates with all the licensed developers operating in the market to find your desired condominiums and boreys in Cambodia. Click HereArticle by:

Cambodia is an increasingly popular destination for expats looking for a new adventure. Due to the comparatively low cost of living in Southeast Asia, it's no wonder that many people are choosing to make Cambodia their new home.However, when it comes to finding a place to live, expats are often faced with a common dilemma: should they rent or buy? In this article, we will explore both options and provide some guidance on which may be the best choice for expats in Cambodia.Renting in CambodiaOne of the most attractive aspects of renting a property in Cambodia is the low cost of living. Rents are generally much lower than in many Western countries, even in the capital city of Phnom Penh. This means that expats can enjoy a comfortable lifestyle without breaking the bank.Another advantage of renting is the flexibility it provides. Expats who are unsure about how long they will stay in Cambodia may prefer not to commit to buying a property. Renting also means that maintenance and repair costs are the responsibility of the landlord, which can be a huge advantage for those who are unfamiliar with the local market.However, renting can sometimes be a challenge in Cambodia. For example, rental properties can be difficult to find, particularly in popular areas. In addition, landlords may not always be reliable or trustworthy, which can lead to disputes over deposits or rent payments. Finally, renting means that expats are not building equity, and they may end up paying more in the long run than if they had bought a property.Buying in CambodiaBuying a property in Cambodia can be a good option for expats who plan to stay in the country for a longer period of time. This is because property prices in Cambodia have been steadily increasing over the past few years, meaning that expats who invest now could see a good return on their investment in the future.Another advantage of buying is that expats can customise their property to suit their needs and preferences. This can be particularly appealing to those who are looking for a more permanent home in Cambodia.Before buying property in Cambodia, it is important to understand the buying process through reliable information. The legal system, ownership and land title can be complex, especially for those who are not familiar with it. Discover everything you need to know about the purchasing journey in Cambodia by simply clicking here.Which Option Is The Best?Ultimately, whether to buy or rent in Cambodia depends on individual circumstances. For those who are unsure about how long they will stay in the country or who prefer not to take on the responsibilities of property ownership, renting may be the best option.On the other hand, ex-pats who are committed to staying in Cambodia and who want to build equity may prefer to buy a property.Regardless of the choice, it's important to ask yourself these questions:Do you have any debt?Are you financially stable?Do you aspire to have a family?Is your career stable?Are you looking for a home?By narrowing down your answers, you will have more clarity on your current situation. With the right approach, buying or renting a property in Cambodia can be rewarding depending on your needs.Whether you are looking to rent or buy property in Cambodia, get in touch with us today for free viewingClick Here Article by:

Are you considering investing in Phnom Penh? But finding it challenging to decide on the ideal location? Look no further! In this article, we will delve into the top three areas for condo investment. Discover why BKK, Chamkarmon, and Chroy Changvar, should be at the top of your list for condo investment.BKKNestled in the heart of Phnom Penh, BKK (Boeung Keng Kang) is a district that seamlessly blends tradition with modernity. This bustling area is famous for its charming cafes, trendy shops, and a wide array of international dining options. BKK is highly sought after by foreigners due to its central location, making it convenient to access various amenities and entertainment venues. Moreover, BKK is home to several prestigious international schools like Phnom Penh International School, and Genius International School of Singapore among others making it an ideal choice for families.  ChamkarmonChamkarmon presents itself as an appealing district blending residential and commercial environments seamlessly. In particular, Tonle Bassac and Toul Tum Poung (known more commonly as Russian Market) are very popular with ex-pats, whereas Boeung Trabek and Phsar Doeum Thkov are still more Cambodian-centric.  The location boasts a great selection and range of hotels, restaurants, cafes, bars, and markets. It is also home to new commercialised areas like Koh Pich, malls such as AEON and the NagaWorld casino and entertainment complexes. Renowned for its proximity to the riverside district, as well as its abundance of shopping malls such as the Exchange Square Center, and cultural attractions like the Royal Palace.Chroy ChangvarChroy Changvar is a rapidly developing area located in the northeast of Phnom Penh. Situated along the banks of the Tonle Sap River and Mekong River, Chroy Changvar offers a peaceful and scenic environment for residents. The neighbourhood is known for its beautiful river views, newly built residential properties, and growing infrastructure. Chroy Changvar has become increasingly popular among both residents and expatriates due its tranquil atmosphere. Residents of Chroy Changvar can enjoy a range of amenities, including schools, hospitals, and recreational facilities without needing to go to the city. Ready to see properties in BKK, Chamkarmon or Chroy Changvar? Find out the latest listing on our website by clicking here Click Here

One of the key dilemmas faced by potential buyers is whether to purchase a property with the intention of living in it or as an investment opportunity. In this article, we will delve into buying a property to live in versus investing in one providing insights to help readers make informed decisions based on their objectives.Property to Live InWhen it comes to purchasing property to live in, you might be looking for a place that suits your lifestyle and offers comfort. Property that is designed to cater to specific preferences, such as shophouses, borey, or condos, is commonly referred to as "lifestyle" properties.However, it is recommended that your next purchase has the potential to serve as both a primary residence and an investment property. The adaptability of the property to meet changing needs, its potential for generating rental income, and its potential for long-term appreciation are all important factors to consider.Property for InvestmentWhen it comes to investment property, it's essential to assess whether it has the potential to appreciate in value. Several factors, such as the property's location, growth potential, and overall condition, can contribute to value appreciation.A key feature is being located in an area with high demand or that's expected to experience growth in the near future. Moreover, having significant room for valuation growth can indicate that the property is a wise investment.Lastly, a property that's well-maintained and requires minimal repairs and upgrades can be put on the market quickly and attract higher resale values. By considering these distinctive features, investors can assess the potential value gain of a property and make informed investment decisions.A Few More Tips!Whether you're looking to buy a property to live in or invest in, these tips are universal advice for your next purchase; location, new development or resale, amenities, and downpayment needed. You might buy a property to live in first and then decide to sell it later. Regardless of your decision, it's crucial to consider the property's resale potential when purchasing.A successful transaction is a property that should have the ability to generate a significant difference between the purchase price and the sale price to ensure a valuable return on investment. Moreover, the property should be adaptable, providing flexibility for different types of demands and customers. Shophouses are a good example of a property where one can live and run a business in the same property.This approach can maximise the property's potential and increase its value. Therefore, buyers should consider these factors to ensure the property's long-term value and versatility. Are you looking for properties to live and invest in? We have both on our website. Find out more by clicking here Click Here Article by:

Whether you are a seasoned investor or a first-time buyer, Cambodia is becoming an attractive destination for property investment. Comparatively cheaper than other Southeast Asian countries, it offers a variety of properties and projects worth looking into. However, before you take the plunge, it's crucial to understand the process involved in property buying.In this article, we will provide a checklist for buying property in Cambodia  Checklist ✅1. Verify the Ownership (a.k.a Title)To avoid disputes and issues related to ownership, conduct a thorough investigation to ensure that the property you're interested in is legally owned by the seller or the developer. Verification of ownership is essential whether it is land or property. A title or ‘deed’ is an official document confirming who owns the property, its location, and what rights the property owner enjoys. They can be categorized into Hard title, Soft title, and Private Ownership in Co-owned Buildings – also known as Strata Title.2. Development Company RegistrationDevelopment companies must register and obtain approval from relevant ministries before proceeding with construction. To ensure legality, you can ask to see their company registration before proceeding.3. Master PlanFor any new development project, a well-thought-out master plan is crucial. In addition to obtaining other necessary licences, a detailed plan must be presented to the ministry to demonstrate the project's potential for success in the future. 4. Construction LicenceTo ensure quality the company undergoes a rigorous background check by the Ministry of Land Management. Only one registered construction company is allowed to build the units and infrastructure, and once cleared, they are granted a licence.5. The Sales License:In addition to the Construction License, the Sales License is equally crucial in the property purchasing process. This license grants developers the legal authority to sell properties to prospective buyers. It is vital to ascertain the possession of a valid Sales License to ensure that the developers have undergone the necessary procedures and obtained official approval to market and sell the property.6. AgreementsIt’s crucial to review all contracts and agreements carefully. This includes the sales and purchase agreement (SPA), lease agreement, and any other legal documents related to the property transaction. Make sure to understand all the terms and conditions, including the payment schedule, transfer of ownership, and any other relevant clauses. At Realestate.com.kh, we recommend that you engage with a professional real estate agent and a lawyer to protect your interests.Find the property of your dreams today - explore our listings, and schedule a showing at Realestate.com.khClick HereArticle by:

One location that deserves special consideration is Koh Pich, also known as Diamond Island, located in Phnom Penh, Cambodia. Koh Pich has emerged as a family-friendly environment with an abundance of amenities and a wide range of recreational activities. In this article, we will explore why Koh Pich might be the ideal place for family living.Family-Friendly Infrastructure:Koh Pich's urban planning focuses on creating a family-friendly environment. The island features wide sidewalks, well-maintained parks, and green spaces where families can relax and enjoy outdoor activities. Bike lanes and pedestrian-friendly paths encourage healthy living and allow for safe exploration. The presence of playgrounds and recreational facilities further adds to the island's appeal as an ideal place for families.Here are a few of our top favourites for family-friendly places: Coconut ParkOpening hours: 9 am to 7 pm, Monday to SundayEntrance is freeA serene and beautiful park located on Koh PichOffers well-maintained pathways for leisurely strollsIdeal for picnics and family activities on the lush green lawnsRoller Skating Pet-FriendlyProvides playgrounds for children, restaurants, and weekly events such as Night MarketDIB CLUBOpening hours: 9 am to 9 pm, Monday to SundayAccess is free all day with a minimum spend of 5 USD on ordersFeatures swimming pools for both adults and childrenOffers dining options, including a restaurant, bar, and lounging areasTreellion ParkOpening hours: 8 am to 10 pm, Monday to SundayEntrance is freeIncludes scenic walking trails and seating areas for a relaxed experienceCaters to visitors of all ages with various activities and attractions such as mini golf  Education is a top priority for families, and Koh Pich provides access to high-quality educational institutions. The island is home to international schools that offer world-class education, following globally recognised curricula. Canadia International School and École Française International (EFI) are prestigious international schools located in Koh Pich, providing students from preschool to high school with modern facilities.Looking ahead, Koh Pich holds even greater potential for families. As the community continues to grow and develop, more facilities, services, and opportunities will become available, further enhancing the family-friendly atmosphere of the island.Discover a range of properties and investment opportunities waiting for you in Koh Pich!Article by:

The Realestate.com.kh Home & Lifestyle EXPO 2023 is coming this 12th and 13th of August 2023 (Saturday and Sunday), and it’s bringing exclusive deals and promotions from Cambodia’s leading borey and condo developers, banks, insurance, and many services for your home needs!A WORLD-CLASS VENUEThe Realestate.com.kh  Home & Lifestyle EXPO will be held at the Koh Pich Exhibition Center. This grand venue is well-known among Cambodians, expatriates, and foreign investors for its wide spaces, and access roads, and is directly adjacent to AEON Mall Phnom Penh, the popular shopping mall in Cambodia today.WHO WILL BE AT THIS YEAR’S EXPO?Anything and everything related to Cambodian property will be at Realestate.com.kh’s Home & Lifestyle EXPO 2023, including the most renowned property developers such as Prince Real Estate Group, Morgan Group, Orkide Development, Dragon Land, Borey Bosba, Leedon Heights, KH Land, and many more. But buying a property is usually more than just the property itself. And this is where the advantage of buying at the EXPO truly shines.Not only will buyers be able to secure some of the best deals ever from boreys, developers, and agents at the event, but the leading banks and insurance companies will also be exhibiting and running special loan offers and coverages for your home and other property needs. Buying and securing your property needs not to be a hassle when you can do it all at Realestate.com.kh’s Home & Lifestyle EXPO 2023! It promises to be a fantastic day out for the whole family, featuring an array of engaging activities complemented by a delightful selection of food and beverages by the provided sponsors.A LOOK BACK ON THE 2022 EXPO More than 12,000 attendees, over 100 of Cambodia’s biggest brands, developers, agencies, banks, and insurance companies recently gathered for the country’s biggest property show of the year. The Real Estate EXPO 2022 held at the Premier Centre Sen Sok was a success with over $30 Million dollars worth of property sold over the weekend. The EXPO has solidified itself as part of the industry’s calendar of events as middle-class and affluent Cambodians, as well as expatriates and foreign property investors, attend the EXPO successfully securing the best deals and opportunities in real estate.  Pre-registration is LIVE! Sign-up now to get express entry at the event and updates on who will be joining the Real Estate Home & Lifestyle EXPO 2023  this coming August 12th and 13th Register now!REGISTER NOW

Are you considering a move to Phnom Penh and wondering which area to choose for your new home? Look no further than BKK1 District. This bustling district in the heart of the city offers a host of benefits that make it an ideal residential choice. In this article, we will explore the top 10 reasons why BKK1 District should be your preferred destination in Phnom Penh.Prime Location: The Central Hub of Phnom PenhBKK1 District is the thriving epicentre of Phnom Penh, located southwest of the iconic Independence Monument. Its vibrant atmosphere, diverse culinary scene, trendy cafes, upscale residences, and commercial developments make it the most sought-after area for both locals and expatriates.Convenient Transportation: Easy Access AnywhereSurrounded by major arterial roads like Norodom Boulevard and Sihanouk Boulevard, BKK1 District offers excellent connectivity to all corners of Phnom Penh. The well-organized grid layout ensures smooth traffic flow, allowing you to navigate the city with ease and avoid congestion.Embassy District: A Global CommunityBKK1 District has earned the moniker of Phnom Penh's "Embassy District" due to its concentration on diplomatic missions. With numerous embassies and NGO headquarters, this area attracts a diverse community of expatriates, fostering a cosmopolitan atmosphere that blends cultures and perspectives.Vibrant Commercial Center: Shop, Dine, and ExploreAs one of Phnom Penh's premier commercial centres, BKK1 District offers an array of shopping options, from upscale boutiques to well-stocked supermarkets. The district is a food lover's paradise, featuring international restaurant chains, hidden bars, and authentic local eateries. There's always something new to discover.Business Hub: Thriving OpportunitiesBKK1 District serves as Phnom Penh's business and financial hub, attracting both local and international enterprises. Many multinational companies, financial institutions, consulting firms, and law offices have established their presence here, making it an ideal location for professionals and entrepreneurs seeking opportunities.International School Hub: Education ExcellenceFor families with children, BKK1 District boasts an impressive selection of international schools. With more than 35 renowned institutions offering top-quality education and diverse curricula, parents can provide their children with a globalized learning experience.Safety and Security: Peace of MindBKK1 District enjoys heightened security due to its prominence as a gathering place for local officials, business elites, and foreign residents. The presence of embassies, international organizations, and well-established companies further contributes to a safe and protected environment.Cultural Diversity: Embrace Global InfluencesBKK1 District celebrates cultural diversity, with residents from various countries and linguistic backgrounds coexisting harmoniously. It's a melting pot of languages, allowing for meaningful exchanges and fostering an environment of cultural understanding and respect.Excellent Returns on Investment: A Smart ChoiceWhen it comes to selecting the perfect neighbourhood in Phnom Penh, BKK1 District stands out as an exceptional choice. With its prime location, convenient transportation, vibrant commercial centre, international school hub, and cultural diversity, this district offers a lifestyle that combines comfort, convenience, and cosmopolitan living. Whether you're a young professional, a family, or an investor, BKK1 District is a place where you can thrive and call home.Ready to make BKK1 District your home in Phnom Penh? Explore our real estate listings in BKK1 District and discover the perfect property that suits your lifestyle and preferences. Click Here

The Cambodian government has recently announced a significant measure aimed at promoting economic development and supporting vital infrastructure projects. The Ministry of Economy and Finance, in collaboration with the Ministry of Land Management, Urban Planning, and Construction, has introduced the exemption of three crucial public service fees. These exemptions aim to positively impact various sectors, including construction, affordable housing, and surveying. By alleviating financial burdens, the government seeks to facilitate infrastructure development and enhance the overall progress of the country.Exemption 1: Construction Permits for Private Hospitals, Private Schools, and Affordable HousingThe first exemption encompasses the provision of construction principles, land development principles, and issuance of construction permits. Moreover, the exemption extends to construction permits that exceed the official maximum land use index level. Notably, this exemption applies specifically to applications related to the construction of private hospitals, private school buildings, and affordable housing projects. By removing the associated fees, the government aims to encourage the development of essential facilities and expand the availability of affordable housing options.Exemption 2: Initial Registration of Co-ownership Buildings for Affordable HousingIn addition to the construction permits, the government has waived fees for the initial registration of the private portion of co-ownership buildings in affordable housing development projects. This exemption aims to streamline the administrative process and reduce financial barriers for developers focusing on affordable housing initiatives. By eliminating this financial burden, the government seeks to expedite the construction and completion of affordable housing projects, thereby addressing the pressing need for accessible and sustainable residential solutions.Exemption 3: First Measurement Certificate for Civil Servant SurveyorsFurthermore, the government has decided to waive fees associated with providing the first measurement certificate for surveyors who are civil servants. This exemption underlines the government's commitment to supporting professionals in the field and promoting the highest standards of accuracy and reliability in land measurements. By easing financial burdens for surveyors, the government encourages their continued excellence and proficiency, which ultimately contributes to the overall quality and credibility of land surveying in the country.The introduction of these exemptions serves as a catalyst for fostering the construction of affordable housing and supporting infrastructure development in Cambodia. By eliminating fees associated with construction permits and initial registrations, the government encourages private sector participation and investment in these sectors. This initiative not only stimulates economic growth but also addresses the critical need for affordable and sustainable residential solutions. Looking for properties in Cambodia? Contact us today to schedule a viewing and take the first step towards your dream home. Click Here Article by:

The Cambodian government-approved Funan Techo Canal, which will be the first capital-coastal waterway in the Kingdom of Cambodia, is the latest large-scale infrastructure project set to transform the Southeast Asian nation into a new logistics and economic hub in the region.The estimated cost for the development project is expected to be USD $1.7 billion and it will take approximately four years to complete.The announcement follows the news of a targeted extended list of investment projects which are set to redefine the infrastructure in Cambodia which is trying to better provide much improved and modern transport routes including major expressways, international airports, seaports and waterways - driving diversification and economic development as well as promoting the country as a potential destination for logistics and shipping. With the combination of infrastructure and logistics projects, and significant investment in the sector (and Foreign Direct Investment), Cambodia is positioning itself to challenge and become a major player in regional trade and commerce. What is the Cambodian Funan Techo Canal?The Funan Techo Canal project will establish a direct link between the capital of Phnom Penh and the coastal provinces and create an alternative route set to unlock untapped supplementary logistics opportunities for Cambodia.The man-made canal will be 180 kilometres long and will connect Prek Takeo to Prek Ta Ek and Prek Ta Hing of the Bassac River System and onto Kep province. Once completed, the canal will pass through Kandal, Takeo, and Kampot and see the installation of three watergates or locks (on the current plans these will be added outside of Phnom Penh, in Takeo, and at Kep), as well as 11 bridges and the addition of 208 kilometres of roads on either side of the waterway. The canal will be 100 metres wide upstream and 80m downstream and have a  depth of 5.4 metres. There will be two shipping lanes, to enable vessels to safely travel in opposite directions simultaneously. In the area impacted, there is an estimated total population of 1.6 million living on both sides of the waterway. John Yip Weiyan (Head of Investment of Real Estate at Belt Road Capital Management) said of the project: “The Funan Techo Canal infrastructure project will be a game-changer for Cambodia logistics as it will impact the distribution of containers throughput between Sihanoukville’s deep sea port and Phnom Penh Autonomous Port (via Vietnam). More freight will end up being routed through local Cambodian port(s) as use of the waterway commences.The usage of the waterway could also stimulate the development of additional international ports, such as the proposed Kampot International Multi-Purpose Logistics and Port Centre. With an alternative route available for freight transportation to and from the capital, logistics facilities could be relocated or constructed to support and complement this alternative transportation corridor.”The initial planning document we have seen supports this as currently 67% of goods reach the port in Sihanoukville but after the completion of the canal, this is hoped to reach 90%.Cambodian Investment and Economic GrowthThe World Bank increased its financial outlook for the Kingdom of Cambodia in May 2023 and under its Cambodia Economic Update, raised its growth forecast to 5.5 per cent this year, which is an increase from its previous projection of 5.2 per cent. Most global financial institutions as well as the National Bank Cambodia have predicted GDP growth of between 4-6% for 2023 which is high compared to the global averages. The World Bank also advised Cambodia to bolster economic growth “through investing in connectivity infrastructure and human development, safeguarding financial stability, and promoting diversification of exports to enhance the economy’s resilience and competitiveness.” The projects such as the Funan Techo Canal appear to be addressing exactly that.Previous reports from the World Bank suggested that the logistics costs in Cambodia are estimated at 26 per cent of the GDP in 2020 and that costs in the Kingdom were much higher than those of neighbouring countries.The Cambodian government realises investment is key as are private-public partnerships which have seen the completion and ongoing development of major projects to improve connectivity nationwide. Located strategically at the centre of China, India, and Indonesia, and in a region seeing comparative growth - there is massive potential as a key logistics hub. Minister of Public Works & Transport, H.E. Sun Chanthol discussed the Comprehensive Intermodal Transport Master Plan 2022 – 2030 (CIT-MP). The CIT-MP is a comprehensive plan covering infrastructure such as roads, railways, waterways, airways, logistics and ports and has already identified more than 150 projects which will require as much as US$30 billion of investment. Chanthol previously said that the intention is “ to strengthen and expand road infrastructure and connect major thoroughfares – especially international border checkpoints – in order to increase Cambodia’s competitiveness, attract foreign investment, and reduce logistics and transport costs and avoid delays.”Cambodia Port, Logistics & Maritime ProjectsPort container traffic has indicated a shift in the dynamics of Cambodia's logistics landscape, with Sihanoukville (PAS) emerging as a prominent port and even surpassing the Phnom Penh autonomous port (PPAP).The PAS is undergoing investment to modernise, deepen, and enlarge its capabilities to host larger ships more often. Only 20 km northeast of the international deep-water Sihanoukville Autonomous Port, is the SSEZ which Sihanoukville Deputy Governor Long Dimanche said is the biggest industrial zone in size and occupancy in Southeast Asia.Both are key in China's Belt and Road Initiative (BRI) which consists of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, which intends to link trade and infrastructure networks in Asia with Europe and Africa.In May 2023 it was announced that the Japanese-financed Sihanoukville container terminal had started, aimed at transforming the seaport into a Southeast Asian hub by 2029. The upgrades will include the modernisation and automation of the port’s equipment. The PAS capacity will increase from 700,000 TEUs (twenty-foot equivalent unit) a year to 1.4 million by 2026, and 2.6 million by 2029, while the port’s shallow channel which is 9.2m deep will be dredged to a new depth of 14.5m in the project’s first phase and allow more and bigger container ships to dock at the Cambodian port. Currently, 82% of container ships are unable to access the port.Koh Kong province’s first international seaport is due to be launched in the second half of 2023, said provincial governor Mithona Phoutong.Kampot International Port & Logistics Centre is a USD $1.5bn project in Kampot province, which started foundational work in 2022. The multipurpose port will have a depth of 15m and will be developed over 15 years and across three phases.The Kampot International Tourism Port was also completed in mid-2022 and needs additional dredging.A new Sihanoukville Logistics Hub was established via a public-private partnership.In addition, there are a number of airports still being developed with the new Siem Reap International Airport due to be operational before the end of 2023 with other large transport & logistics projects continuing development.The Knight Frank “State of Logistics Asia-Pacific Focus Report 2023” indicated that with global supply chains adjusting, Southeast Asia is seen as a top destination for foreign direct investment among emerging regions.The creation of new and more affordable trade routes, facilitating the seamless movement of goods in a foreign trade and in an investment-friendly nation should have investors and businesses take notice and look for opportunities within Cambodia's burgeoning logistics and infrastructure sector.

The change of the weather season in Cambodia around this time of the year often heralds a changeover of expats in Phnom Penh, particularly over the coming months as many who have been working on fixed contracts, studying, or families leave (temporarily or permanently) while foreigners also seek to move to the Kingdom for the first time.The reason people leave is the Summer season which sees many flock to the European climate or elsewhere within Asia for extended summer breaks to catch up with family, and start or complete university and school - the latter of which also leads to expats exploring new opportunities abroad in Southeast Asia and Cambodia.We look at some of the latest market sentiments among property renters in Phnom Penh, and at some of the best tips for renting in the capital of Cambodia.Realestate.com.kh Annual Real Estate Consumer Sentiment Survey 2023The most recent source of rental sentiment can be accessed via the results published in Q1 2023 by realestate.com.khAs many as a third of respondents of the survey were foreigners and the two dominant age brackets were 21-30 & 31-40 years old respectively - which probably reflects most of those looking to rent in the city, whether you are new or currently looking for a change of accommodation in the city.What Can You Expect To Pay To Rent A Condo In Phnom Penh?Most respondents suggested they earn a combined family income of over USD $2,000 per month. Among foreigners who responded, there is generally higher spending power and at the top-end, 42.5% indicated an income bracket of over USD $5,000. This opens up the rental options of condos, villas and some of the larger borey units.Those who partook in the Realestate.com.kh Annual Real Estate Consumer Sentiment Survey 2023 also represent a broad cross-spectrum of professions and industries. A third of expats are looking for properties under $500 per month, while just under a third of all respondents (including all nationalities) have a budget of USD $500-$1,000. This price range should be suitable for serviced apartments (condos) in Phnom Penh, which on average can start from USD $700 per month.The rental prices in Phnom Penh depend on factors such as the type of property, number of bedrooms, amenities, services and location. Tenants can pay anywhere between $1,000 to $2,000 monthly for houses or villas within Phnom Penh but for condominiums, the range is comfortably between $500 to $2,000 monthly.Daun Penh and the Phnom Penh riverside area rental costs are estimated to be:1 bedroom: USD $400 – USD $1,0002 bedroom: USD $900 – USD $1,3003 bedroom: USD $1,300 – USD $2,000Expat Renters in Phnom Penh PreferencesAs many as half of foreigners who took part in the survey indicated that they live with family or a partner, while a third live alone - by far the biggest groups represented. A small minority indicated that they live with friends which is common among many Western expats - in particular those who might be on internships and seeking to be more budget-conscious.This guide is an essential read before you start your property search in Cambodia.Condos and apartments are the most popular property types among all renters with half indicating this choice. Among foreigners alone, condos and apartments gained 74% of the votes! For a hassle-free living experience, it makes sense as condos will often include security, parking access, a swimming pool, and even a gym (albeit often basic). Some tips for locking in paying your rent are:Negotiate rent prices - most landlords will probably be open to some level of negotiation and most will offer discounted rates for longer leases.Most landlords will now prefer payments by the banking apps - it's just more convenient for everyone and instant.A deposit is usually for 1-2 months’ rent which is paid upon signing contracts and can be refunded after the final inspection by the landlord when you leave the rental.  Many tenants will give notice and ask for the deposit to be used for the final month/s rent which is something you should ask your landlord about.Checking actual costs for amenities (electricity, water, gas, cable TV, internet etc) is key - ideally you want to be paying the rate from the utility supplier even though many condos will have their own rate. Most utility bills can be paid via the banking apps.Where To Rent In Phnom Penh?The preferences for the most popular areas in the capital have largely remained unchanged and many areas saw the same level of interest in previous years. There are some fluctuations in the city as outlying areas develop but some key central Sangkats remain the most popular and therefore demand a higher price - they have the easiest access to the most popular food and beverage areas, social hotspots, tourist attractions and a populous expat community.New outlying areas are seeing new small and large malls, better infrastructure and access routes - while you should also be aware of new significant projects such as airports, highways, bridges etc which may impact an area.Outlying areas such as 7 Makara, Chbar Ampov, Dangkao, and Prek Nov all saw noticeable declines of interest but Chamkarmon / BKK is still the most popular among all respondents but especially for foreigners - with 58% indicating the areas as their top pick to rent. Daun Penh is second most popular for foreigners with 35% selecting this always popular area of the city.What To Consider When Renting In Phnom PenhSome of the main considerations for choosing the right rental property in Phnom Penh would be the same as any other city - what suits your needs, comforts, location, and budget?Among the key considerations for those looking to rent in the capital were security (46.3%), followed by price (30.2%), noise (21.3%), and services (18.4%).For Phnom Penh, the most popular areas of the city are relatively safe but well-lit entrances, peace of mind with onsite security and secured parking are all considerations when visiting a property or asking questions about a rental property. Noise is a particularly unique issue in Phnom Penh - partially due to the rapid development of the city with new buildings and properties being torn down to make way for bigger, taller structures.There are also cultural aspects to consider when it comes to noise in Cambodia -  from street weddings and funerals, ground floor restaurants and open-air BBQ, clubs and other venues which only really come alive at night time - so visiting an area and property at daytime and at night time (even over weekends) are strongly encouraged before signing a lease.It is still required to be registered on the FPCS (Foreigners Present in Cambodia System) which was introduced in July 2020 but it is hit and miss. It is the responsibility of the landlord to register you as a foreigner and to avoid issues you should follow up on this and ask for a screenshot of the registration. Most recent visa renewals might require to see a copy of a lease agreement and the FPCS registration.How To Find The Right Rental Property?Picking the right real estate agent is certainly one way to go to find the right rental property in Cambodia and real estate agents play a vital role in Cambodia's property sector.In the survey, respondents valued reputation, professionalism, knowledge, response time, honesty and commission fees, however, the most dominant reason for selecting an agent was honesty, followed by response time to inquiries and then market knowledge. Realestate.com.kh for example continues to be the main source of property information in Cambodia and lists all of Cambodia’s available real estate - offering easy-to-use online search functions, as well as regularly updated content on the sector.Other sources for sourcing a rental property might include using social media (Facebook Groups) or event targeting desired areas to live by walking around with someone who can speak Khmer to enquire about available properties to rent which certainly is more time-consuming.Finally, before you sign any lease agreement in Cambodia, have a read of these tips which cover a broad base of important aspects to consider.

Cambodia is on the brink of an economic growth spurt in the second half of 2023, with the International Monetary Fund (IMF) predicting robust expansion in key sectors. This anticipated recovery is expected to have an impact on the country's overall development.The sectors of exports, services, tourism, and non-industrial industries drive this impressive growth. As Cambodia solidifies its position in these areas, the momentum of its economic recovery is set to gain considerable strength.Compared to neighbouring countries, Cambodia is poised to maintain a robust growth rate throughout 2023. A contributing factor to this positive outlook is the rapid normalisation of social activities. As the world gradually recovers from the pandemic's effects, Cambodia's trading partners are anticipated to experience an enhanced recovery, providing an additional boost to the country's economic growth.The World Bank projects that Cambodia's economic growth will rank third among other ASEAN countries, with a forecasted rate of 5.2% for 2023. Moreover, the Asian Development Bank (ADB) recognises Cambodia as the 14th fastest-growing economy, projecting a growth rate of 5.8%.As Cambodia's economy gains momentum, one sector that stands to benefit immensely is real estate. With increasing investor confidence and a thriving business landscape, the real estate market is poised for a surge in activity. This presents an ideal opportunity for both local and foreign investors to explore the potential offered by Cambodia's real estate sector.Supported by positive projections from reputable institutions such as the World Bank and the ADB, these assessments further underscore Cambodia's trajectory, validating its upward trajectory as an attractive investment opportunity within the country. Visit Realestate.com.kh to find your dream propertyClick Here

By the start of 2023, the total existing retail supply in Phnom Penh reached over 7,000 000 sqm net leasable area (NLA) while 2022 saw the biggest growth in this space on record. Retail malls and outlets are seeing experiencing a boom in Cambodia's capital.Among the types of malls entering the market, The Mall Company said in a recent report that the ‘community mall’ class of retail asset has been particularly popular, while green spaces remain in demand and retailment will be a key innovator in attracting shoppers to the new retail spaces. The Ground Market in Koh Norea, Phnom Penh has managed to strike a balance and promises to be the “ultimate speciality market experience for the community,” while encompassed in the integration of a well-designed green space.The Ground Market - Koh NoreaThe contractors of The Ground Market, TDB Projects, say the project “lies somewhere between a traditional market, retail mall and an urban park, and offers the best of all of these types of space, doing this in a way that represents modern Cambodia culture and urban development”.Located in Koh Norea Village in the Chbar Ampov District, the new mall is located in front of CIA International School.The area has seen rapid changes with the reclaimed land and the Koh Norea Satellite City development expected to generate countless jobs and increase the value of surrounding land and other developments in Chbar Ampov. The development has also seen the addition of an OCIC $40 million bridge to connect Nirouth with Koh Pich (Diamond Island) to ease traffic congestion.On the opportunities in the area, Daniel Jury from TDB Projects adds that “The Ground Market is accessible due to its layout and location as well as the fact that it supports regional small businesses and vendors rather than multinational brands and tenants, in comparison to other malls. Market sellers and vendors have options to conduct business in a modern retail setting that is difficult to find elsewhere in Phnom Penh. So in a sense, it’s a more democratic urban space. The emphasis on and integration of green space is also key in creating an urban oasis and encouraging visitors in a quickly developing city.The Mall Company (TMC) Managing Director, Simon Griffiths says “Rather than targeting a crowded upper-middle market positioning, The Ground Market innovates and elevates a mid-to-low mass market positioning in style allowing them to tap into the under-supplied mass market.”“The Ground Market is the most innovative retail project to enter the market in recent times. The development team have succinctly understood the nature of providing visitors with an exciting experience, environment and entertainment mixed with an on-point tenant mix and mass market price point. As a result, The Ground Market is resonating with the public and large crowds are being attracted on a daily basis” added Griffiths.He adds “I would categorise the project as an elevated, next-generation community mall, although it has roots within much loved local markets and night markets but executed to a level seen in Thailand but a first of its kind in Cambodia.”The Ground Market intends to be very community focussed and promote local/speciality/ crafts & sellers.Green Spaces in Phnom PenhThe capital has been screaming for more green spaces and oases which are very limited and made less so by the recent closing for development of the Odom Park.A recent article from shiftcities suggests that “80% of cities worldwide now face extreme climate-related events, and more than 1.4 billion people living in the world’s largest urban centres are threatened by natural hazards.” It also adds that all stakeholders have a role to play in “scaling up urban nature-based solutions, and partnerships are key to amplifying their benefits.”The Ground Market has been developed to serve the local community but also offer a unique retail experience. “The development is unique in Phnom Penh, and whilst it brings together other existing elements of the current retail landscape the curated combination of these elevates it beyond the sum of its parts into a successful placemaking exercise, that serves and benefits the general urban fabric,” said Jury.The mall is fully operational and shoppers can expect an extensive food court that focuses on Khmer food, while market stalls, local retailers as well as events and entertainment offer weekly attractions with live shows catering to the retail market. There are also free activities and games to be found throughout the green space. The Retail Landscape in Phnom PenhWith the future of Community Malls, Retail Arcades and Retail Podium retail spaces in the city quickly changing, adapting and competing, how will The Ground Market stand out?Jury explains “From our perspective (TDB-Projects) we’re very happy to have had the opportunity to be involved with delivering The Ground Market. We were involved in some of the early planning and prototyping of certain elements so we appreciate the commitment and detail that has gone into the planning of it all. As a contractor, it was great to contribute in bringing fantastic and innovative concepts into fruition.”Griffiths expands on this and said “What The Ground Market does very well is combine providing an experience, fun and excitement within an enjoyable environment that offers a wide range of food and drinks at affordable prices for the mass market.  With this achieved, The Ground Market becomes a place for everybody, be it families with children, students, parents, or grandparents - it is accessible to all. In this sense, The Ground Market becomes almost a public space that can be enjoyed by anyone to relax, meet friends, eat, drink, and listen to music. It in some small way enriches the lives of those who use it. Spaces such as The Ground Market, which are relatively rare in Phnom Penh, are increasingly important.”Does The Ground Market Offer an Innovative ‘Retailtainment’ Culture?The Mall Company has outlined in its previous market assessments and reports that the malls which engage in and invest in actual “retailment” will stand out.Griffiths said that The Ground Market has focussed on attention to detail which is evident as soon you enter the space.  “Real care and attention has been given to even the smallest detail and it really shows. One small design detail does not make much of a difference, but when you put together all the small design details and features, the cumulative effect on the customer is significant and that is translating into attracting lots of visitors every day, but importantly, those visitors are going back again and again and that is the sign of a successful retail project. It is partly due to the adoption of ‘retailtainment’ concepts at The Ground Market, such as garden walkways, tree houses, elevated tree-lined walkways, and an event garden but also the flow as the public areas ease from one area to another with gentle curves and through gardens and different spaces which leads you on a journey from one place to another. It has been executed (and innovated) very well.”

Mean Chey Residences by RoseMarvel is a new modern contemporary luxury residential project situated in Phnom Penh’s highest potential area. This project is now officially open for sale to potential homebuyers who are seeking a unique perspective on luxury living in the Southern part of Phnom Penh City.The design of Mean Chey Residences focuses on a human-centered first design, where all of our types of home are carefully thought-out to fit the needs of our customers. Our types of home offer spacious living areas and an abundance of indoor and outdoor facilities that offer our customers a sense of luxury and comfort of living. Natural lighting and sufficient air flow are present throughout all of our house types. The Mean Chey Residences also has a over 0.6-hectare garden located in the center of the project, which is the largest garden of any residential or commercial project along 60M Road.Mean Chey Residences is an 20-hectare residential development situated along Samdach Techo Hun Sen Boulevard, commonly referred to as 60M road. The project is developed right next to the newly opened AEON Mean Chey Mall (AEON 3), which is less than one minute's walk apart.The project offers 4 types of Villa options and 2 types of Shophouse options. The Villa options available in Mean Chey Residences are King Villa, Queen Villa, Prince Villa, and Princess Villa while the Shophouse options are Standard Shophouse and Special Shophouse. Mean Chey Residences’ Shophouses are all facing toward AEON 3 Mall, perfect for commercial usage as well as convenience of living.For more information, please contact the number below078 / 086 / 090 72 77 88

For many years the Cambodian economy has been seen as a rising star in Southeast Asia and post-pandemic there remains buoyant optimism in the potential of the country as an investment destination. With a huge delegation of international athletes in-country over the coming weeks for the SEA Games, and hopefully as many as half a million visitors who will travel to enjoy the sporting activities, it is timely to remind potential investors of the opportunities in Cambodia as the nation is probably misunderstood overseas.The core key points often used to promote the Kingdom as an investment destination remains true:Consistent growth rates and tracking strongly post-pandemic in the region.Companies can be 100% foreign-owned in Cambodia and foreigners can 100% own certain properties.Fast rate of urbanisation.Favourable Investment Laws and new Trust Laws.Cambodia consistently ranks as an expat-friendly nation.Political stability.Ease of visas.Changing The Perceptions of CambodiaThe economic maturity in Cambodia still relies heavily on the development of the financial markets and foreign direct investment. What has been noticeable since the travel restrictions eased is that an overwhelming number of visitors and investors to the country have shared an almost consistent surprise in the level of economic development that Cambodia has experienced.The impact of COVID-19 has been undeniable to the Kingdom’s economy, but it remains a frontier market with a very positive macroeconomic outlook, a much improved and accountable banking and finance sector, diverse foreign direct investments, and there is a healthy return in the tourism & hospitality sector, while the real estate market correction have more realistically positioned the pricing of property.Tom O’Sullivan, CEO of Realestate.com.kh said in a recent interview that Cambodia's consistent economic growth has solidified its position as a desirable destination for foreign realty investment.He acknowledged that tourism remains a pillar of the economy and it helps drive real estate and real estate development but more needs to be done to encourage tourism to the country. “Once you get a delegation to the country, the reaction is remarkable once they see how developed Cambodia actually is. The return of tourism has already impacted positively on the real estate market and changing perceptions of the country internationally is key to this.”Potential Of Real Estate In CambodiaCambodia is more than just Phnom Penh or Angkor Wat, the key investment locations are Phnom Penh, Sihanoukville and Siem Reap. The range of investors come from many different nations too.Most retail international property investors in Cambodia are focussed in Phnom Penh, and condos are the main target due to the ease of owning them as a foreigner but the Trust Laws have resulted in more looking at land and other types of properties and in May 2023, Sok Dara, Director General of the Trust Regulator said funds invested in the trusts will soon reach the $1 billion.Historically, Chinese, Japanese, and Koreans have been the main buyers but there are also many from the US, Europe, Singapore, Malaysia and other ASEAN nations. In the commercial space, most investment is still from the Chinese and Japanese but there is increasing interest from India, Indonesia, and the Middle East - new embassies opening up are a good sign and indicator of potentially opening up investment avenues.Some general positives for the Cambodian real estate sector:Potential for growth due to the country's young population and increasing urbanisation.Real estate development influenced infrastructure and tourism.Increasing diversity of interest from countries like India, Indonesia, and the Middle East, indicates the potential for growth and investment opportunities.Siem ReapO’Sullivan confirmed that most investment is in the capital but successful property projects are in Siem Reap too. Developers are limited by the fact that they can not build beyond the height of Angkor Wat. These limitations make it less attractive for some developers but the regulations maintain the uniqueness of Siem Reap and it's been a key selling point for tourism.The new airport in Siem Reap is due to be operational in 2023 and its impacts are aspirational but it is difficult to predict the exact growth potential as well as the positive effects for tourism and real estate.SihanoukvilleWe recently outlined the plans to address the building issues in Sihanoukville. What is dubbed Operation UB (Unfinished Buildings), all buildings which are incomplete and 5 floors and above have been identified and the process of ensuring ownership is underway. Once the process has been completed, the plan is to provide favourable terms to local and international investors to take over and complete the projects, and this could see renewed interest in the coastal city.Although many grand projects are underway, the Cambodian coastline remains somewhat underdeveloped compared to other countries in the region and there is still a lack of beachside resorts and activities etc. The new projects on several islands, in Kep, and the Canopy Sands project should create job opportunities in the construction, hospitality, and tourism sectors.The Phnom Penh-Sihanoukville Expressway has already contributed to the city's revival and a dramatic increase in domestic tourism.Investors ExpectationsThe pandemic resulted in a market correction which was possibly needed as pre-pandemic, property prices may have become unrealistic. Prices in 2023 are arguably more reflective of the property’s location, and the build quality, and in line with expectations. With continued investment (and there are short-term pressures) asset-rich and affluent investors will drive the market. The pricing also means the property market is now within reach of the growing Cambodian middle class who are looking to buy.Buyers who previously expected a return of investment from 5-8% from rentals might need to wait as this may not happen in the short term. However, with more young Cambodians moving to a city like Phnom Penh, there will be a market and demand. For the developers, they need to better understand the target market and pricing needs to reflect this. For investors, it's still a buyer's market if buyers have cash in hand and have long-term aspirations.O'Sullivan concluded: “For anyone overseas or visiting now for the SEA Games, I just really encourage them to come and have a look. Once someone lands in Cambodia it really opens their eyes to how developed the country is, and regardless of what type of visitor you are; business, tourist, family - there is something for everyone in Cambodia.”

IAAC (International Airport Advertising Corporation), the renowned experts in global airport advertising management, wasted no time in revolutionising Cambodia's Digital OOH ad industry when they became Cambodia Airports' exclusive ad partner just eight months ago.With their innovative approach, they created the first-ever super-premium, integrated digital ad programme at Phnom Penh International Airport, setting a new standard for excellence in airport advertising.IAAC's million-dollar ad investment project at Phnom Penh airport is revolutionising Cambodia's advertising market by providing B2B and B2C brands with an engaging way to reach thousands of affluent Cambodians, international business decision-makers, and tourists to the Kingdom of Wonder. This cutting-edge advertising platform brings a new level of sophistication to the industry, promising a seamless connection between brands and their target audiences.The first of its kind in Cambodia, it is transforming the way brands connect and engage with inbound travellers. With this new tool, brands across various sectors including property development, telco, food delivery, hotels and tourist attractions, are able to effortlessly promote their products and services to potential customers from the moment they touch down in Cambodia. Advertisers are rapidly embracing the opportunity, as it is a game-changing addition to the industry.The timing couldn't be better for property developers in Cambodia, especially with the return of Chinese visitors and the launch of the Digital Arrivals Network. Waiting times for luggage average around 15 minutes, and that's exactly how long each of the 12 super large format, LED digital screens located on the baggage carousels at Phnom Penh airport will capture the attention of potential buyers.These unmissable advertising messages, displayed in various languages, offer property developers the perfect opportunity to showcase their offerings to a diverse audience before they scatter across the city - a feat that's proven challenging until now.IAAC's swift entry and transformative approach to advertising at Cambodia Airports not only highlights their dedication to bringing innovative solutions to the country but also positions them as a key player in advancing the premium digital OOH advertising sector in Cambodia.For more information, please contact:IAAC (International Airport Advertising Corporation)Contact - Mr Jonathan Goldsmid Phone - 081 836 636Email - Jonathan.Goldsmid@airportadvertising.comWebsite - www.airportadvertsing.com