Sihanoukville is becoming more than just a place to soak up the sun on a slow weekend; it’s attracting the interest of serious investors looking to cash-in on a growing middle class in the coastal city.Trade and tourism are the city’s biggest revenue generators and with growing numbers of tourists and business people who come to invest for condos in Sihanoukville, especially from China and the rest of Asia, property developers are looking for new opportunities to capture these growing markets.One of the upcoming properties set to make an impression of condos in Sihanoukville is D’Seaview, a 735-unit condominium to be located near Sokha Beach. The project is backed by Singaporean agribusiness company HLH Group Ltd under their newly formed Camhomes branch.  Through private subsidies, the company is marketing units as low as $33,000 for Cambodian citizens – but this subsidized investment opportunity is running out at the end of December 2015. Construction on the project is expected to begin later this year, with a completion date of 2018. New families, young professionals and other prospective buyers will have the chance to secure one of the beautifully appointed units on offer at D’Seaview available from as little as $675 per square metre. D’Seaview will boast state-of-the-art facilities including a swimming pool, a fitness centre and sauna, function rooms and a children’s playground, all catering to a modern family lifestyle and all with a view over the ocean. Real estate experts say major condominium projects such as D’Seaview will bring international standards to the city and draw more sophisticated investors. See full details of D'Seaview, condos in Sihanoukville here! Clement Dupont, a property market watcher and investor based in Sihanoukville, said D’Seaview will give the city a new image, one of luxury and liveability rather than just an affordable holiday destination. “This will make people realize that condos in Sihanoukville is a worthwhile place to invest money and attract homebuyers who are looking to live and work in a comfortable, classy environment, as the city’s economy grows from year to year.” “It’ll definitely be interesting to see how the property market pans out once D’Seaview is complete,” he added. In the first eight months of the year, Sihanoukville airport handled a total of 65,698 passengers, with total arrivals at 35,882, up 149 per cent and 140 per cent year-on-year, respectively. Lucky Air recently launched direct flights from Kunming to Sihanoukville, becoming the first Chinese carrier to offer year-round regular scheduled service to Sihanoukville. “Many Chinese have come here to invest and live and work,” said Y Thearin, a Sihanouk Provincial Hall representative. “Their investment in the city has become important to the way condos in Sihanoukville is moving forward,” he added. The Chinese influence is certainly becoming noticeable as Chinese-backed casinos and hotels multiply rapidly. One of the largest properties to open recently is the 135-room White Sand Palace, which will also feature a casino set to be open next month, in Occheuteal. The casino industry has doubled since last year to 15 casinos, with an additional five applications pending approval. Spurring this growth is the potential of online gambling which is being offered from the majority of Sihanoukville casinos, says the spokesperson Ministry of Economy and Finance, Ros Phirun. Paralleling Sihanoukville’s growth is its property market, with land prices going up fast especially in areas where infrastructure is being improved, says Ruslan Gronov, manager of Sihanoukvilla Real Estate and Consulting. “The new road that is being upgraded from Sokha to Independence beach is resulting in more land available for sale, while prices are also going up around Otres beach where the road joining National Road 4 and the airport are going up.” Gronov says the rental market for small residential properties has not changed much amid the city’s growth but rental prices for commercial properties and full buildings have gone up considerably since November last year as the hospitality industry thrives and Chinese business people living in the city push up demand. Here is another article considering the benefits of living and investing in Sihanoukville! Gronov said the lowest price for a one-bedroom apartment with a kitchen is around $250 per month, located in the downtown area away from the beach. For a similar property near the beach the price is around $100 more. “If you rent commercial and full building, the prices have changed a lot but for residential and small houses it’s the same.” “It is a good time to invest here in condos in Sihanoukville. Some areas are still growing and the price is growing fast.” Check out the investment opportunity here!Gronov added that the cheapest land prices are around $200 per square meter for land not close the beach, while some of the highest prices are in Otres and the Golden Lion, the city’s most prominent landmark just a short walk away from Occheuteal Beach where land can go for about $1,000 per square metre. Sihanoukville has maintained a crucial position in the country’s trade and manufacturing sectors and is set to capitalize on this as the government looks to construct a 190-kilometre-long, 25-metre-wide expressway linking Phnom Penh and Sihanoukville on National Road 4. This project is said to begin next year and finish in 2020. Sihanoukville is home to the country’s largest port and one of the largest special economic zones, but set to create competition is the development of the Stung Hav Port. LCH Investment Group acquired the more than one thousand hectare Stung Hav site in 2005 and began in 2007 constructing the site’s small port about 4 km from the entrance. The smaller port opened in July 2012 and handles general cargo but not containers. However as of January this year, American and Singaporean investors pledged investment that will result in construction of the port starting in January 2016. This will take approximately two years to build and once complete, hopes to attract the business of around 75 factories in the Sihanoukville Special Economic Zone who currently use the Sihanoukville port for shipping. Management says the first step will be to build the International port next year and then the economic zone, and hopes to offer more competitive prices to the main Sihanoukville Port and SEZ, which has around 75 mainly Chinese-owned factories who currently use the Sihanoukville port for shipping. Take a look at D'Seaview's convenient finance terms here.

With her hand blocking the glare of the sun, Kuy Peou gazed steadily at the dust kicked up by the slow stream of vehicles lumbering over uneven surfaces trying to get into Phnom Penh.“When I first came here, I couldn’t sleep. This construction project is really disturbing as there is so much dust, traffic and noise pollution from vehicles,” she said. While the current construction project along National Road 1 on the outskirts of Phnom Penh has left the road torn up by heavy machinery, with endless wafts of dust coating local storefronts as bumper to bumper traffic spews dark clouds of toxic exhaust, Peou is just one of the many business owners who hope the road will soon be paved. After opening a motorbike shop last October, and expecting to capitalise on the promising business prospectives along Cambodia’s main artery to Vietnam, her business has been hindered by the sheer lack of accessibility. She holds out hope and is confident that once the road is finally completed, business will take off and her investment will be worth it. Until then, the reality is that she can barely stay afloat. For Keo Somphearak, a motorbike cleaner who has been living on National Road 1 for three years, the reality is much more daunting as his business has completely grinded to a halt. “My business has to cease to operate because of this construction,” he said. “I want this construction project to move faster so that I can start my business as per normal.” While Somphearak claimed he has been compensated for his loss of land and business along the 4-kilometre stretch of road that is being developed, with the government having paid him $500 per square metre, his savings are beginning to dwindle and he is eager to get his business back up and running. “Once it is finished, business will be better as the road will be bigger and I will have more room to clean bikes more thoroughly,” he said. But it is not just small business owners who have had to adjust to the bothersome project while waiting for construction to be completed. Sim Senacheat, a director of a local branch of Prasak Microfinance, has already relocated his business further north. While he said that business was dramatically affected at first, with his new location, it is no longer a problem. “The current road is considerably hard to travel on, and construction project is expected to take up to two more years,” he said. “While it doesn’t affect our operations, it doesn’t make it any easier.” Chhim Phalla, director of the Ministry of Public Work’s Department of International Cooperation who is responsible for overseeing the Japanese-funded expansion, said that the government has already compensated an undisclosed sum to homeowners and businesses that have had their land reclaimed for the road expansion, with only one or two cases left awaiting payouts. “The first is the Total gas station and the second is the residence of an official who resides along the road in front of Chbar Ampov pagoda who has yet to receive compensation from the government,” he said. While the expansion is part of an overall plan to speed up traffic to the capital as ground transportation becomes more important, he said that the construction has faced some unforeseen difficulties. One issue is that homeowners and businesses that have already received compensation have refused to vacate their properties, thus clogging up the ability to speed up construction. Another problem is ensuring that those who live in the surrounding areas still have access to electricity, as the spider web of black cords nesting on the electrical poles, have to be carefully relocated. “The project will be finished by March 2017, but the actual progress is already moving faster than expected, so construction should finish before then,” he said. The expansion will turn the two-lane highway into a four lane, and will greatly ease congestion entering the capital, he added. He explained that the $10 million development is not cutting any corners and that the road will consist of a 20-centimeter-thick layer of concrete, adding that the road is designed to handle heavy traffic. Chrek Soknim, executive director of Century 21 Mekong, said that the area has long needed investment in infrastructure, and while the growing pains may hurt local businesses for now, once completed the land will be a prime development destination. “With a new road, this area will see high development in terms of property, and the surrounding areas will benefit as well,” he said, adding that prices for land have already jumped from the initial price range of $150 to $300, to a range of $400 to $700 per square metre. “But because the infrastructure is still limited, it will take time before development takes off,” he said. Meanwhile, as the jackhammers and cement trucks continue to pile in, local residents like Peou have no choice but to wait idly by, gazing at the development that she hopes will make the wait worthwhile and her business profitable. “The construction project really stresses a lot of us out. I hope it finishes sooner so life can get back to normal,” she lamented. Siv Meng, Phnom Penh Post, Post Property.

From January until November of this year, the construction investment mounted to $2.96 billion, marking a 27 percent increase compared to the same time span in 2014, according to new data released by the Ministry of Land Management, Urban Planning and Construction (MLMUPC).Im Chhun Lim, senior MLMUPC minister announced the new figures at the annual construction fair that was organized by Cambodia Constructors Association (CCA) last week. According to Lim, of that total amount, $1.5 billion, or around 54 per cent, is invested in buildings ranging from 10 to 55 storeys. On that note, the investment prompted the minister to call 2015 “The year of condo and apartment construction.”Pung Kheav Se, head of CCA stressed that the exhibition was “to show the development and improvement of the construction investment in Cambodia, as a result, there are multi-storey buildings [and] modern structures roaming up the capital city of Phnom Penh, which is stunning.” He added that the fair was essential to present the supporting activities of the association as well as the government’s plans for the construction sector. Not addressing any government plans for the next year however, Im Chun Lim dwelled on “political stability, the social security and the economic policy of a free market and the good construction investment conditions the government created in previous years,” which has made Cambodia’s economic growth of 7 per cent per annum possible, with the construction sector contributing the biggest growth figure of two per cent. Unmentioned however, was the warning issued by the World Bank this October that pointed out the threat of an over reliance on the construction sector as its growth outpaced traditional industries like agriculture and garments. Nor was there mention that Cambodia ranked among the lowest in the World Bank’s latest Ease of Doing Business report. The report specifically singled out Cambodia as the ASEAN member state where getting a construction permit and registering property was the hardest in the world, ranking 181 and 121 respectively. Supporting the notion that Cambodia’s construction surge came from circumstances, rather than effective policy making, Sung Bonna, director of Bonna Realty Group, said that the recent growth of real estate investment over the last year, happened due to the oversupply of real estate in China, Hong Kong and Singapore, thus resulting in the relocation of investors who see Cambodia as a new market that can draw substantial profits. “As our country is small, when the investors flock in, we feel it is a lot, while in fact some of the investors also spread to other countries like Vietnam and Myanmar,” he said. Siv Meng, Phnom Penh Post, Post Property.

In their purchasing decision condo buyers often pay little or no attention to who will take charge of property management upon completion of the development and what quality property management actually costs. Without effective property management and the necessary according fees, the impact can be catastrophic on re-sale value and the ability to rent a condo, according to Simon Griffiths, associate director at CBRE Cambodia. Check out CBRE's property listings on Realestate.com.kh today!Exclusively for Post Property, Griffiths explains why developers and condo buyers in Cambodia should consider more on property management, management service fees and what it really means to their purchasing decision. “While the real estate market in Cambodia is ‘hot’ and new condo developments are rising out of the ground all over Phnom Penh, a rarely discussed topic is how these new condos will be managed once they are built and online. With property management (PM) being a decisive factor in the enjoyment of a condo, not to mention potential re-sale values and rental returns, the topic neither receives attention nor interest from many buyers. Understandably and rightfully so. Price, location, developer reputation, facilities and amenities are key determining factors on which a condo buyer will make a ‘buy or not’ decision. However, property management and according fees are crucial components when it comes to owning a condo. In one sentence: Buyers beware of low management service fees (MSF)! Consider buying a Porsche sports car. Would you then use the cheapest gasoline off a street vendor or pay the extra 20 cents a litre for the premium gasoline that is meant to protect the engine? Would you clean your car regularly at the additional cost or let it be covered in dirt? You would want to protect and enjoy your investment. The same principle holds true for property investment. Low cost PM will manifest in low quality PM and will quickly become visible to buyers and renters even in the short term. With poor management, the value of a condo investment is at risk, not to mention the enjoyment of anyone living at the condo. Why then, so often, do buyers invest in premium condos and then actively seek-out and desire lowest price MSF’s? Let’s set put this discussion in Phnom Penh’s market context. The often so called ‘standard market price’ for condo management service fees in Phnom Penh is set between $0.5 and $1 per square metre and buyers commonly consider $1 per square metre overly expensive. Consider then a scenario with 100 condominium units at 100 square metre each. If you manage this building at $0.50 per square metre the PM monthly budget is $5,000. This will need to cover a building manager, accountants, handymen, technicians; building insurance; cleaning; 24 hours security; cleaning materials, mechanical and electrical parts and so much more. Simply put, this budget may keep the building functioning but only just, and the initial ‘on the surface’ benefit of a low MSF would quickly transpire into low safety standards, broken machinery and equipment and a poor condition building in a short space of time.  Check out some new condo projects here!Now, would you desire a low price MSF or consider paying more for quality? But even at $1 per square metre MSF for the building in the above scenario, while it would be possible to provide functional PM, there is little room for high quality services and sacrifices would need to be made in cleaning, security and mechanical and electrical maintenance to keep within the budget, thus showing that the MSF so called ‘market rate’ (in some cases) is artificially low and being driven down by buyers who are mistakenly prioritizing ‘low price’ PM as a positive factor in a purchasing decision. In effect, condo buyers’ MSF expectations are often too low set by a ‘market rate’ that makes it difficult for developers to truly deliver promises of high quality. Couple this with the successive increases in minimum wage levels, and achieving a quality PM service becomes an increasingly difficult proposition. In summary, the so called ‘market price’ for MSF in Phnom Penh in many cases is not feasible and creates a situation where there is a disconnect between buyer expectations and what will actually be delivered in terms of PM service quality. The result is a situation where lowering MSFs effectively may secure sales but creates unrealistic expectations. Selling high quality PM with a low budget makes it almost impossible to deliver on such promises. So how should the developers and buyers think and behave? Developers should not be looking for the easy or quick way out of setting an unrealistic MSF to achieve extra sales. This is flawed and would inevitably lead to unsatisfied buyers come the time when the building opens and is short sighted. Developers need to invest time, energy and knowledge to ensure relevant PM services are installed and embedded within a development before they ‘exit’ and ensure MSF’s relevance to the quality of the development. Buyers should consider more than the bottom-line price in relation to MSF. Consider your expectations, quality and what you want from your condo investment. If you desire a low price, expect low quality and manage your expectations accordingly. Simon Griffiths, associate director at CBRE Cambodia, Phnom Penh Post, Post Property. Check out CBRE's property listings on Realestate.com.kh today!

Century 21 Family is visiting Century 21 Japan on the 12th of December 2015 to enhance the level of collaboration and co-operation between Century 21 Family and Century 21 Japan. Hence, Century 21 Family is on international level and work in the global market place.Within the Real Estate arena, Cambodia has the most attractive market for real estate development in Asia right now compared to other regional countries. Owing to Cambodia’s steady economic growth to be number 21 worldwide and number 1 in the region, the expansion of Cambodian property market with affordable price of condominiums, and a sharp rise in the number of condominium in Phnom Penh, there is a huge increase in foreign buyers who are purchasing condominiums for investment or the second home. Also, as the ASEAN Economic Integration 2015 is approaching at the end of this year with the promise of deeper market integration among the states, Cambodia’s real market attracts investment across the region. Century 21 Japan is efficiently operating 767 offices with professional agents of very strong Project Sale of condominium and generate a great achievement. In addition, Century 21 Family is building networks and relationships to create more opportunities necessarily to introduce and bring potential major Japanese investors to Cambodia.

As interest grows in the nascent Cambodia Securities Exchange amid announcements of new floats tentatively scheduled for 2016, real estate agencies push for approval to become panel valuers—the sole legal mediator to value property holdings while pursuing an IPO. Thus far, members of just six real estate agencies have been granted approval for IPO appraisals in Cambodia: V Trust Appraisal, Real Estate VMC Cambodia, CBRE Cambodia, Bonna Realty Group and the most recent entrant joining this month, Knight Frank Cambodia.Although activity on the Cambodia Securities Exchange (CSX) was initially slow, with the Phnom Penh Water Supply Authority listing in 2012 and Taiwanese-owned Grand Twins International listing in mid-2014, Ross Wheble, country manager for Knight Frank Cambodia, believes that the recent activity indicates growing confidence in the Cambodian economy and finance industry as a whole. “Which is a positive sign for Cambodia’s real estate and construction industry,” he said. The recent announcement that Hong Kong-based property developers, Eastland Development, expressed interest in listing on the CSX follows a number of similar announcements by companies such as the Phnom Penh Special Economic Zone (PPSEZ), TY Fashion and Sihanoukville Autonomous Port. [caption id="attachment_79853" align="aligncenter" width="297"] Mr Kuy Vat, VTrust Appraisal Co., Ltd.[/caption] If Eastland’s promises come to fruition and other real estate developers follow suit, “this shall enable investors who may not be able to afford to buy a property a chance to participate in the growing real estate sector by indirectly investing through the purchase of shares within real estate companies,” said Wheble. Regardless if a company like Eastland pursues a listing, a publicly traded entity would bring in the much needed transparency to a vague property market where financial capital and level of investment is often kept in the dark. But besides that, it would allow more investors to enter the market without having to put down the large sums to acquire property directly—and at lower risk. “Small investors will have a chance to invest in the property market,” says Kuy Vat, president VTrust Appraisal, meanwhile “the developer can mobilize more cash and spread the risk. Of course, the CSX will also receive a boost in public confidence with the announcement.” [caption id="attachment_78669" align="aligncenter" width="255"] Ross Wheble - Country Manager of Knight Frank Cambodia[/caption] Simon Griffiths, associate director at CBRE Cambodia, suggests that for property developers with an established and diverse portfolio, new projects in the pipeline, and a well-financed organisation, “risk is diversified and can be stabilized across sectors to some extent” by joining the stock exchange. While diversity is important, especially in the real estate and property developers market which often faces turbulence, “as we saw during the last global economic crash,” said Griffiths, a certain amount of risk will always remain. “Buyers of any stock would consider this and hedge their bets,” he said. However, if more property developers join the CSX, Griffith’s believes that it would allow for investors to capitalize on developments. It could also issue in the unique potential for Real Estate Investment Trusts (REITs)—a type of security that invests in real estate by combining property or mortgages, thus providing more liquidity and high dividend yields. While Kuy believes that there would certainly be an increase in liquidity, additionally, it would also provide a secondary market for investors who want to easily trade out of their investment. “This means adding more lubricant to transactions [across other] sectors,” he said. [caption id="attachment_79857" align="aligncenter" width="225"] Simon Griffiths, CBRE[/caption] But while it is highly debatable if foreign property developers are even considering listing, property valuation is an important step in the IPO process that requires companies to open their books and disclose their assets. “A company is required to have its real estate assets valued to determine its Net Asset Value (NAV),” explained Wheble. But with only six accredited panel valuers currently operating in Cambodia, Griffiths highlighted the high standards required to gain entrance into the club. A foreign agent has to be security checked in their home country and in Cambodia and academic and relevant valuation experience and qualifications need to be verified, he said. One such accreditor that can audit an agent or a real estate company that wishes to be a panel valuer, is the Royal Institute of Chartered Surveyors—a London based organization that values property worldwide. “[Royal Institute of Charted Surveyors] adheres to strict and internationally recognized valuations guidelines, practices and methodologies,” said Griffiths. For smaller, local real estate agencies, the demand for CSX valuations remains too small of a market to service, and with qualification thresholds currently out of reach. [caption id="attachment_79081" align="aligncenter" width="300"] Kim Heang. CVEA[/caption] “Until this stock exchange grows significantly,” Kim Heang, president for the CVEA, suggests, “local agents will continue to focus on [regular] property valuation.” “It is great to have more, and more professional, panel valuers in the industry - so that we can compete with professionalism and quality rather than on price,” said Kuy. However, “considering the market and volume of assignments currently available, the CSX valuations market for local agents likely won’t grow dramatically in the short term.”

In appreciation for all of your support of Prince Central Real Estate, you are all invited to join the grand opening gala of Prince Central Plaza on the 15th of December; starting at 7:45 am and going on all day into the evening! The event will be held at the Prince Central Plaza showroom, located at no. 168 National Embassy Street. SEE MAP HERE! The Prince Central Plaza Grand opening Gala will include: a full-scale Doraemon theme Exhibition, Lion dancing, a free buffet feast and special first buyers' specials - including, purchase one unit with a deposit of just $2000 and opportunities to win I-Phone 6s and thousands dollars. Find more information about the Prince Central Plaza project on Realestate.com.kh today.

Realestate.com.kh would like to present another of our featured agencies – Furi Real Estate Co., Ltd.Furi Real Estate is the largest pure condo agency in Cambodia, in regards to agencies, agents and overall sales. In late 2012, Furi Real Estate founded a trade mark limited company under the new brand name: FURI Real Estate Co., Ltd. Furi Real Estate attributes 98 per cent of their condo sales over the last three years to Khmer buyers, according to CEO Ly Senleap. Furi Real Estate encourages locals to sell land, pool their savings and buy sets of condo units as live-in investments. By buying several units or a floor at one time, these buyers can save on market prices. Furi Real Estate currently has an exclusive listing over “The Bay,” an already-renowned condo complex being built on Chroy Changvar by the Singaporean-based TEHO-SBG Development Co., Ltd. Check out The Bay, from Furi, today on Realestate.com.kh today!"Our vision is clear," says Senleap: "To create a state of the art experience in buying and selling real estate, in Cambodia and Southeast Asia. We pride ourselves in understanding clients needs by building trust and developing lifetime relationships." Furi Real Estate seeks to provide excellence in investment services. Services always push to ensure outstanding and accountable services with integrity to customers, honesty in commitments, transparency with no hidden costs, building relationships and, ultimately, achieving great results. Invest with the best! See another superb development from Furi - The Diamond Twin Tower! Furi Real Estate is unique organization built around understanding their clients’ true need of investment. Whether it is location, size, or price - Furi will have the right fit for your needs through our property network across Cambodia, Singapore, Indonesia, and Hong Kong. Furi's real estate, product design, development, sales strategy management, and networking services are customized to meet each client’s unique needs. Check out two exciting listings from Furi Real Estate on Realestate.com.kh today:The Bay and Diamond Twin Tower.

ពេលដែលលោកអ្នកលក់ អចលនទ្រព្យ អ្នកគួរតែយល់ឲ្យច្បាស់ពីភាសាដែលគេប្រើក្នុងវិស័យអចលនទ្រព្យ។ អ្នកត្រូវតែអាចបែងចែកឲ្យដាច់រវាងប្លង់ដីរឹង និងប្លង់ដីទន់ ការបង់រំលស់ និងការខ្ចីប្រាក់ ក៏ដូចជាការបង់ប្រាក់ចុះឈ្មោះទិញ និងប្រាក់កក់។មានអ្នកលក់អចលនទ្រព្យជាច្រើន និងអ្នកទិញមួយចំនួន ដែលយល់ថា ការបង់ប្រាក់ទាំងពីរនេះ មានលក្ខណៈដូចគ្នា ប៉ុន្តែតាមពិតទៅ គឺមិនមែននោះទេ។ នៅពេលដែលអ្នកចាប់ផ្តើមលក់អចលនទ្រព្យរបស់អ្នក អ្នកត្រូវតែយល់ឲ្យច្បាស់ពីការបង់ប្រាក់ទាំងពីររបៀប នេះ ព្រោះការយល់ច្រឡំធ្វើឲ្យអ្នកខាតបង់ប្រាក់ជាច្រើន។!ប្រាក់ចុះឈ្មោះទិញ ប្រាក់ចុះឈ្មោះទិញ គឺជាប្រាក់ដែលបង់ទៅឲ្យម្ចាស់អចលនទ្រព្យ នៅពេលដែលអ្នកទិញបង្ហាញពីចំណាប់អារម្មណ៍ក្នុងការទិញអចលនទ្រព្យមួយនោះ។ ចំនួនទឹកប្រាក់នេះអាចចាប់ពី ៥ ភាគរយនៃតម្លៃសរុប ឬត្រឹមតែ ៤០០ ទៅ ៥០០ ដុល្លារ ប៉ុណ្ណោះ។ ប្រាក់ចុះឈ្មោះទិញ គឺជាការដាក់ក្រោមឈ្មោះរបស់អ្នកទិញហើយជាផ្នែកមួយនៃប្រាក់កក់នៅពេលដែលការទិញបានដំណើរការរួចរាល់។ ការបង់ប្រាក់បែបនេះ ជាវិធីសាស្រ្ដមួយក្នុងការបញ្ឈប់អ្នកទិញផ្សេងទៀតក្នុងការទិញអចលនទ្រព្យនោះដើម្បីភាព ងាយស្រួលក្នុងខណៈពេលដែលអ្នកធ្វើ ការសម្រេចចិត្តជាចុងក្រោយ។ ទោះជាយ៉ាងណាក៏ដោយ វាមិនមែនជាការទិញដែលប្រាកដច្បាស់លាស់មួយទេ។ ការបង់ប្រាក់ចុះឈ្មោះទិញ អាចចាត់ទុកបានថា គ្រាន់តែជាការបង្ហាញពីបំណងក្នុងការទិញប៉ុណ្ណោះ។ រីឯអចលនទ្រព្យនោះនៅតែអាចដាក់ លក់នៅលើទីផ្សារដដែល។ ប្រាក់កក់ ផ្ទុយទៅវិញ ការបង់ប្រាក់កក់ ឬសមធម៌ អាចចាត់ទុកបានថា ជាការបង់ប្រាក់មុនដែលមានភាពប្រាកដជាក់លាក់ទៅលើអចលនទ្រព្យណាមួយ នោះ។ ប្រាក់កក់ត្រូវបានបង់នៅពេលដែលអ្នកទិញបានសម្រេចចិត្តទិញអចនទ្រព្យ នោះខុសពីការបង់ប្រាក់ចុះឈ្មោះទិញដែលគ្រាន់តែជាការពន្យារពេលរបស់អ្នកទិញក្នុងការទិញអចលនទ្រព្យនោះ។ នៅពេលដែលអ្នកលក់អចលនទ្រព្យរបស់អ្នក ប្រាក់កក់គឺជាវិធីសាស្ត្រល្អជាងគេ! អ្នកងាយស្រួលក្នុងការបែងចែកណាស់ នៅពេលដែលអ្នកលក់អចលនទ្រព្យរបស់អ្នក។ ត្រូវចងចាំថា ប្រាក់ចុះឈ្មោះទិញនឹងក្លាយទៅជាផ្នែកមួយនៃប្រាក់កក់នៅពេលដែលការទិញត្រូវបានសម្រេចរួចរាល់ ហើយអាចមានលក្ខណៈតូចជាង។ ការបង់ប្រាក់ទាំងពីរប្រភេទនេះ ដោយរាប់បញ្ចូលទាំងប្រាក់ដែលមិនទាន់បានបង់ គួរតែស្មើនឹងតម្លៃសរុបនៃផ្ទះរបស់អ្នកនោះ។ សង្ឃឹមថា អ្នកបានយល់ច្បាស់ពីភាពខុសគ្នារវាងការបង់ប្រាក់ទាំងពីរប្រភេទនេះ នៅពេលដែលអ្នកលក់អចលនទ្រព្យរបស់អ្នក។ប្រសិនបើអ្នកមានសំណួរ ចម្ងល់ និងការបារម្ភទាក់ទងនឹងអចលនទ្រព្យ អ្នកអាចធ្វើការទំនាក់ទំនងមកកាន់ក្រុមការងារ Realestate.com.kh តាមរយៈ info@realestate.com.kh ឬ +855 (0)17 436 756, វាគឺជាបណ្តុំនៃទីតាំងអចលនទ្រព្យរបស់ប្រទេសកម្ពុជា និងជាប្រភពព័ត៌មានអចលនទ្រព្យ នាំមុខគេនៅក្នុងប្រទេស៕

Grammy award winner Bruno Mars sells up! He has sold his Hollywood Regency-style contemporary home for $3,347,500 in an off-market deal.Fronting a 10-vehicle engine court, the 1964 home has an exterior with stone segments flanking 11-foot-tall iridescent glass entryways. The walled and gated house highlights a single-story open floor setting. Retractable walled glass bring in mountain and cityscape views.The house contains family and living rooms, three bedrooms, three bathrooms and a powder room in 4,074 square feet of living space. The main lavatory highlights brilliant warmth flooring, a sauna, a two-man steam shower, gym and massage area, as indicated by points of interest from 2012, when Mars purchased the property for $3.254 million.There's a three-car garage and swimming pool at the back of the house.Not long ago, Mars purchased an estate in Studio City for $6.5 million. The 9,033-square-foot Mediterranean-style house, built in 2000, sits on two sections of land with a secured lounge, an infinity swimming pool with a spa and a kids' play area.He sold his place in Hawaii also.Bruno Mars is a Grammy award winner for best pop vocal album, Billboard's musician of the year in 2014. And now He is working on his third album. Where will he live next??

In the distance on Otres Beach a golden runny sun slips behind the horizon. “Another day in paradise coming to a close,” remarked one tourist.Sihanoukville is known for its tranquil beaches and idyllic islands and long been a destination for tourists and locals alike looking to escape the humdrum of Phnom Penh and Siem Reap. The province boasts numerous beaches such as Otres, located about five kilometres from the town, and along the unspoiled Saracen Bay on the island of Koh Rong Samloem. Visitors can pick from a variety of competitive tour packages that include a glass boat and fishing trips, while for those looking to travel in style, Sail Cambodia offers charter services on a 45-foot racing yacht Cygnet. Similarly, groups can also hire private boats and go fishing or travel to and from the islands without a tour guide, an option popular among Cambodian families, travel agents say. For those struggling to find their sea legs, an afternoon well spent with spectacular views can be had at Wat Leu temple, which sits on top of a hill about 1.5 kilometres northwest of the city center. Similarly panoramic views of Sihanoukville from a swimming pool, along with top-quality sushi, can be found at Victory Castle Villa and its restaurant Yamashiro. Check out the hottest investment opportunity is Sihanoukville, for Khmers and international investors! But for a truly luxurious experience, it doesn’t get much more exclusive than Sokha Beach Resort. The hotel has a casino, three restaurants and six bars and two large swimming pools. While part of Sokha Beach is private there is also a section available to the public. Only minutes away from luxurious Sokha Beach, the D’Seaview complex is beginning to take shape. Though in a prime location, this property by Singaporean developer Camhomes is not only affordable for the very rich but also for new families, young professionals and other prospective buyers. Units are available from as little as $675 per square metre. Until the end of the year, Cambodian buyers may even enjoy a 50 per cent subsidy on their purchase reducing the price per unit from $66,000 to $33,000. Financing options to fit lower incomes are also available. Interested buyers are advised to make up their minds quickly as this special offer is running out at the end of the month. Once finished, D’Seaview will boast state-of-the-art facilities including a swimming pool, a fitness centre and sauna, function rooms and a children’s playground, all catering to a modern family lifestyle and all with a view over the ocean in the heart of the port city. See full details here. When it comes to sampling the freshest seafood in the country that comes right from the port, Sihanoukville is the place to go. The city is famous for its fish. Fresh red snapper, shrimp and crab are served at most of the restaurants at very affordable prices. Early birds looking to bypass the popular fish market in the town can buy from fisherman who sell their latest catch by the shore in the morning. Damien Pradayrol, general manager of the newly opened Chivas Beach Club and Sports Bar in Occheuteal, said having good food on the menu is crucial to keeping his more discerning clients happy. The high-end bar, which has nine TV screens showing the latest sports programs, opened just one month ago but is already taking big bookings from Cambodian and Asian clients looking for refined food and entertainment. “There’s no other place like this in Occheuteal. Everyone is trying to open in Otres so we thought why not set up here,” said Pradayrol. Authentic European cuisine can also be found in Sihanoukville. The Italian restaurant, L’Osteria di Gino, offers homemade Italian meats and pasta dishes, while the French restaurant Susaday ages its own beef. As the province grows in popularity, more flight and bus connections are being established, linking it to the rest of the country and region. Sihanoukville International Airport now operates flights from South Korea, Singapore and China, as well as daily flights to Siem Reap. Pan Sophy, co-owner of Wonderful Travel and Tours, says about 13 bus companies connect Sihanoukville to Phnom Penh, Siem Reap, Vietnam and Thailand. The road to Kampot, another popular nearby destination, has been recently improved, cutting the time considerably to about one-and-a-half hours by taxi. “Before the road was bumpy but now very easy to get there so more companies are offering tours to Kampot where you can see the pepper farms and see the river.” The city also looks poised to benefit from greater investment as the government looks to capitalise on Sihanoukville’s infrastructure and accessibility to Phnom Penh. Since Sihanoukville properties market raising fast, Advisor to the Cambodian government, Dr Sok Siphana, said in August that the government plans to shape Sihanoukville province into a primary hub for trade, logistics and manufacturing, which also involves improving the connectivity to Phnom Penh. To achieve better connectivity, the government signed a memorandum of understanding with China’s Henan Provincial Communication Planning, Survey, and the Design Institute Co. Ltd for the construction of a 190-kilometre-long, 25-metre-wide expressway linking Phnom Penh and Sihanoukville on National Road 4. This project is said to begin next year and finish in 2020. Read another article about why Sihanoukville is prime for investment here! Moreover, last month Korean developer Green Eco Energy Co. Ltd’s signed up for development the 275-kilometer-long, 20-metre-wide Sihanoukville expressway along National Road 3 that could begin as soon as next year. Learn more about D'Seaview today!Phnom Penh Post, Post Property

Welcome to the first weekly real estate news report for December, 2015 - brought to you by Realestate.com.kh, Cambodia’s home of real estate, and the leading real estate news source in the Kingdom. This week we talk with Grant Fitzgerald, general manager for IPS Cambodia, about finding the best expat rentals in Phnom Penh. To introduce this week's guest: Grant Fitzgerald is an Australian citizen, who has spent the past six years working in Cambodia and China, and has developed a solid understanding of the complexities of real estate in Phnom Penh. Before joining the IPS real estate company as General Manager, Grant worked for an investment and business consulting firm as a Project Manager specializing in project valuation, due diligence, business planning, financial modeling and fund raising. Grant has also worked in the microfinance industry, focusing on project development and implementation. Grant holds a Bachelor of Commerce majoring in Economics and Finance from Curtin University in Australia, as well as a Post Graduate Diploma in Applied Finance and Investment. Grant - what are the top 3 areas that expats should consider when moving to Phnom Penh? What are the benefits of these areas for expat rentals in Phnom Penh? BKK1 is the most popular area for expat rentals in Phnom Penh. Tonle Bassac and Russian Market offer more value for money and are upcoming areas with a lot of new bars and restaurants. What sort of amenities can expats expect when moving to a home in Cambodia? Are their serviced apartment options? House cleaning? etc. For a serviced apartment you can expect: cleaning, internet, cable TV, parking, security to all be included in the price. There are plenty of options in town now for those looking for a pool and gym too. For standalone apartments, these services are usually excluded and it’s up to the tenant to organise. What are the most common concerns for expats when moving to Cambodia and looking for expat rentals in Phnom Penh? Usually the first question that pops up from new expats when they move to Cambodia is security. Most people jump on information websites and forums and read up a bit about the city before they arrive and usually have heard some stories about security issues in various areas and bring up security as one of their requirements. Another common concern we get is being near construction, new expats often hear horror stories about certain apartments being surrounded by construction which is obviously not ideal. What are the lower, middle and upper end prices an expat should expect to pay when moving to Cambodia and looking for expat rentals in Phnom Penh? For serviced apartments:Lower = $600 - $800Middle = $800 - $1400High = $1500 ++For standalone apartments:Lower = $300 - $500Middle = $550 - $900High = $1,000 ++ What are the secrets to securing a great expat rentals in Phnom Penh at a good price? Look around – there are plenty of apartment options in PP. Know your requirements. Don’t rush – head out, take a look at some properties and then relax and sleep on it. Look for a long term lease – longer term lease gets you more bargaining power. Get help - agents don’t charge fees to the tenant and should be an expat in PP and negotiating with clients. Could you please explain some the top things an expat should be aware of when signing a lease agreement in Cambodia? Be clear about the services included. Maintenance is another area some people get caught on. A lot of landlords here will refuse to pay for repairs and some people get stuck with costs they didn’t expect. Conditions if you break the lease are important to know – and it is not unusual to lose your deposit. Price of electricity should be defined in the contract. And becareful your new home is not too close to ongoing construction. Here are a few more tips for preparing a good expat rental contract! What are the typical prices for utilities such as electricity, water, internet, cable etc monthly? Electricity: $0.25/kW – 1 bed between $40 and $80/month depending on a/c. 2 bedroom you are probably looking at around $80 – 120/month for moderate use. Water: $2 - $10/month. Wifi: $12 - $60/ month, depending on download limit and speed. Cable TV: $5 - $10/month. Cleaning: $30 for one time month, $60 for twice per month. What’s the best place to start an expat rental search? IPS Cambodia and REALESTATE.COM.KH websites are great tools to get you started. Here you can find the largest selection of quality expat rentals in Phnom Penh. What are some of the benefits of using IPS Cambodia to source an expat rentals?   Firstly, we are a completely free service to all tenants. We are expats helping expats - We know all the ins and outs with negotiation, contracts and we have long standing relationships with landlords. This means we can often get discounts or conditions not available to the general market. Thanks for tuning in to this week’s real estate news report - brought to you by Realestate.com.kh, Cambodia’s home of real estate, and the leading real estate news source in the Kingdom. Make sure you subscribe to our Youtube Channel to keep up to date with the latest real estate news and analysis. And Check out another interesting real estate news interview here!

Don't miss Realestate.com.kh on BTV Cambodia Real Estate and News Talk Show.Mr. Siv Meng, presenter at BTV Cambodia Real Estate and News Talk Show, talked with Realestate.com.kh director, Mr Tom O’Sullivan, about his inspirations for starting Realestate.com.kh, and his forecasts for the Cambodian real estate market. How long have you been in Cambodia?I have been in Cambodia now for 3 years. First I lived in Battambang and needed to find a place to stay. I remember finding it very difficult to find an apartment to rent online, and it was clear to me that there was an opportunity to create a real estate portal. Cambodia needed a website where you can find all property listings for sale and rent across Cambodia in one place, and you can contact any number of real estate agents from the same website. I was tired of looking on individual agency websites, where information was not clear or up to date. A real estate portal brings home buyers and renters convenience! When you look for properties online first, you don’t need to travel around town looking at properties that may or may not fit your criteria. Our company originally planned to launch the website alone, but then we met Bong Chenda Moek, the founder of Realestate.com.kh. He started the website in 2009 and was already doing great job with the website, and creating a lot of sales inquiries - but ultimately he was under resourced. We had technological skills to help him, and access to resources - and he had local knowledge that we desperately needed. We want Realestate.com.kh to suit Cambodians, and this is always been our goal. Understand what the market wants and needs, and bring that to our customers! How does the Cambodian market compare to other ASEAN markets?Regionally, Cambodia is on the front foot for foreign ownership laws and creating attractive conditions for FDI. Regional neighbours such as Vietnam and Thailand are much slower to accept foreign influence, and this means Cambodia remains ahead of the pack in terms of  FDI. This is helping Cambodia catch up to these larger markets. Is there an oversupply of condos, approaching 2017-2018?I understand this is becoming the hot question for the Cambodian real estate market, as is worrying some investors and developers.But condos still appear to be selling, and meanwhile the market of potential buyers, both foreign and international, is expanding quickly. There is nothing to say that demand won’t continue to grow, even if supply exceeds expectations in the short term. Of course, it is no secret that chinese investment in coming thick and fast to Cambodia, and this trend seems set to continue. Having spoken to many property developers recently, and learning from their observations - it is clear that the increase in Chinese property investment in condos continues to be a growing force. As the Chinese market sees fluctuations, Cambodia is increasingly becoming an investor’s haven, buoyed by the USD.Furthermore, with increasing congestion in the city of Phnom Penh, it seems likely that we will see an increase in condo buying from the younger generation of Khmers over the longer term. Lifestyles are changing and this will influence demand in the future. Want to see more great real estate news interviews? Check out the Realestate.com.kh youtube channel and subscribe today!

Pop star Selena Gomez has put her Calabasa house for sale. And if you are in the market for a party house for sale, the celebrity's compound is available for just US$4,495,000...She purportedly wants to catch a decent profit for her eighteen months investment. The "Wizards of Waverly Place" album has gotten to be something of a wiz at the land biz. She purchased the 7,700-square-foot house for sale at $3.7 million in 2014. Is this house for sale going to be "Great for You?" For anyone on a hunt for a superstar then the answer is yes... Do you think Tailor Swift would buy her house? The new proprietor will move into a custom home with five bedrooms, five chimneys, a gourmet expert's kitchen with breakfast alcove, a formal lounge area with floor-to-ceiling windows, a gym , a theater, an outdoor courtyard and a guesthouse. Fashionistas will mostly appreciate the enormous wardrobe. Invite all your friend lists or families for gatherings in the "great lawn" that features a pool, cabana, an outside kitchen and pizza broiler. While the estate charges itself as "private and extremely rare," it wasn't sufficiently private for Gomez. As per TMZ, various calls to 911 about gatecrashers most likely prompted her choice to put up the house for sale. Gomez has some an opportunity to scout out her next land find. The 23-year-old will be on tour beginning in 2016....

// Saudi Arabia is building the world’s tallest building – nearly twice the height of One World Trade Center. Posted by Business Insider Video on Wednesday, December 2, 2015   Maybe one day Diamond Island will compete??     Want to see one of the world's fastest buildings? Check it out on Realestate.com.kh today.

Sihanoukville property market has taken a blow since Chinese nationals living and working in the city upped and left following last month’s police arrest and extradition of 168 Chinese, local real estate agents say.On October 31, Cambodian immigration police working with Chinese Interpol agents raided a villa and a guesthouse in Sihanoukville, busting a ring that was using an internet-based telephone system to extort money from victims back in China. Many of those arrested in the Cambodian raids were working in casinos in Sihanoukville, an industry that has seen strident growth on the back of Chinese investment in the past year, but which will be challenged after hotel and casino owners told The Post last month they have suffered immense losses and risk bankruptcy. Check out Sihanoukville property for sale here.Bonna Realty Group’s valuation manager in Sihanoukville, Phourn Sophy, said the sudden departure of Chinese investors, workers and tourists who have left the coastal city en masse and put investments and staffing in disarray, has also seen such tenants renege on their rental agreements and contracts. “Suddenly, the Chinese people just left, leaving Sihanoukville property developers worried,” he said. Those that are still here have cut down on how many months deposit they are securing in case the situation intensifies, choosing to put down two months’ rent in advance as opposed to six months’ like before, said Sophy. The upheaval has also left developers and landlords, who were swept with excitement six months back when they saw Chinese demand for property increase, saddled with bank loans they will struggle to pay back, Sophy added. “I don’t think this situation is temporary. Those people who have gone won’t come back so yes it’s a problem for the property business.” Norn Thin, director of Sihanoukville Property, said he knows of one building with about 20 rooms that has closed since the arrests. Want to rent Sihanoukville property? “Chinese people tend to all stay in one big building all together with about 20 to 30 rooms,” he said. Thin added that despite the trepidation in the market the rental prices for such large residential properties are still double what they were last year, while Sophy estimates such prices may have fallen by less than 5 per cent. George Styllis, Phnom Penh Post, Post Property.

Over 20 CVEA Executive Committee and Members holding valuation certificates came together on the 2nd December 2015 (Wednesday this week) to discuss average Phnom Penh Land Prices for the First Quarter of 2016. The group discussed average Phnom Penh land prices across all Sangkats of the 4 major Khans of Phnom Penh, namely Chamkarmon, Daun Penh, 7 Makara and Toul Kork. https://www.youtube.com/watch?v=nxURKtpxfxU&feature;=youtu.be The meeting considered the growth of Phnom Penh land prices as according to their proceeding 2015 report, with all members voting on reasonable increases on these statistics for the Q1 2016 report. The follow up from this meeting will include a consultation with Bank and Micro Finance Associations in order to ensure the land price survey includes all relevant stakeholders. The final Phnom Penh land price survey will be released later this month once final agreement is met. Stay tuned to Realestate.com.kh/news for the CVEA Phnom Penh Land Prices Survey's release later this month.

Cambodia Constructor's Association (CCA) will hold the 4th Annual Cambodia Construction Summit & Expo 2015 starting from tomorrow: 3-5 December 2015 at Diamond Island Expo Center. Check out exhibitions from the countries' leading construction developers, constructors and designers, construction material companies and real estate agencies. Get special deals on all types of products and meet new contacts business opportunities. See you there!

Prince Central Plaza represents a new age of living for one of Cambodia’s most exciting and desirable districts: Tonle Bassac. “Local people are starting to have a concern about good location and land - demand for premium land is very high right now,” says a spokesperson of Prince Central Plaza - and this is why Tonle Bassac was the obvious choice. Located on the exclusive Norodom Boulevard, the landmark development is just minutes to Independence Monument, Aeon Shopping Mall and various embassies. The building will have 37 floors in total, with the bottom three dedicated to the retail plaza and restaurants. Inspired by classical art deco lines and style, Prince Central Plaza will fast become an architectural icon of the neighborhood. The unique design is the product of American DF International Building Design Co., Ltd., a company that has already completed around 300 engineering design projects, spanning more than 20 million square meters. The Mansion House – the premium residence within the Prince Central Plaza project – offers a range of 1 to 3 bedroom condominiums, studio and SOHO units, all beautifully furnished with elegance and class, stunning balcony views of the city skyline, and finished with the latest amenities for modern living. The units will all have services provide by the 24 hour concierge staff, including International platinum housekeeper services. The Interior design of all Prince Central Plaza units have been formulated with taste and art deco elegance, by Shenzhen Guangtian Design Group Co., Ltd., a listed Chinese company with a renown portfolio of real estate projects. Inquire today to visit the showroom! Landscape design is also a key element of Prince Central Plaza, with delicately crafted surrounds in both the communal and private gardens of the residential complex. These have been designed by TTR Design Co. Ltd., a company with a wealth of experience designing and implementing gardens for resorts, hotels and recreational facilities across China. The beautifully designed infinity pool gives residents a place to relax and unwind; an impressive, fully equipped gymnasium and a fitness room will help you and your family keep healthy; shopping at your doorstep is assured – with the plaza’s malls; and an international standard business center will guarantee a convenient lifestyle for modern business people. The construction of Prince Central Plaza has already begun, under the management of China Construction Co., Ltd., China’s largest and most renowned real estate and construction enterprise. This will be another benchmark project for a company with many already in its portfolio. Prince Central Plaza is set to be completed by 2018.new Maintaining a 10% – 15% growth rate over 5 years, Prince Central Plaza promises a healthy return on your investment. And priced from just $55,000 per unit, the project is priced to sell – fast. Inquire today to visit the showroom!

Knight Frank Becomes the Latest Real Estate Company to be Approved as a Panel Valuer for the Securities and Exchange Commission of Cambodia: As part of the listing process, a company is required to have its real estate assets valued to determine its Net Asset Value (NAV). Established in 1896 and opening their Cambodian office in 2008, Knight Frank, which is the world’s largest privately owned real estate consultancy, has become the latest real estate company to be approved as a panel valuer for the Securities and Exchange Commission of Cambodia. With over 440 offices in 58 countries, all valuations undertaken by Knight Frank are carried out by professionally qualified valuers, and all valuation reports comply with the highest of standards set out by the International Valuation Standards Council (IVSC), giving investors total confidence in the value of a company’s real estate assets. Check out Knight Frank's listings on Realestate.com.kh here. The recent announcement that Hong Kong-based developer, Eastland Development (HK) Ltd, has expressed interest in listing on Cambodia’s stock exchange follows a number of similar announcements by companies that are also looking to list on the exchange, including the Phnom Penh Special Economic Zone (PPSEZ), TY Fashion and Sihanoukville Autonomous Port. Check out Eastland's property for sale here. If the companies indicated above list on the Cambodia Securities Exchange (CSX) as intended, real estate companies will represent one half of the listed companies (based on number of companies and not market capitalisation) on the CSX. Although activity on the CSX was initially slow, with the Phnom Penh Water Supply Authority listing in 2012 and Taiwanese-owned Grand Twins International (Cambodia) Plc listing mid-2014, the recent activity indicates growing confidence in the Cambodian economy and finance industry as a whole, which is a positive sign for Cambodia’s real estate and construction industry. The announcement by Eastland Development (HK) Ltd signifies their commitment to Cambodia over the long term and also their confidence in the Cambodian real estate sector. Furthermore, it also enables investors who may not be able to afford to buy a property a chance to participate in the growing real estate sector by indirectly investing through the purchase of shares within real estate companies.