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Center City Ta Khmao Groundbreaking Ceremony a Great Success
Center City Ta Khmao Groundbreaking Ceremony a Great Success
June 7, 2022, 4:52 a.m.
Realestate News
On the Thursday 24th March 2016, The River Premium Developments (Cambodia) proudly announced the groundbreaking of their latest project, Center City Ta Khmao, onsite at the showroom complex the Ta Khmao riverside area.SEE THE FULL LISTINGThe ceremony was graced by the presence of most honorable guests H.E. Hun Manet, Lieutenant General of the Royal Cambodian Armed Forces, and H.E. Mao Pherun, Governor of Ta Khmao.ย Over 500 guests from the public and media were present for the groundbreaking ceremony. As stated by H.E. Hun Manet at yesterday's groundbreaking ceremony, โ€œCenter City Ta Khmao is a true landmark of development in Cambodia, which the Royal Government of Cambodia considers as the leader in economic growth, increasing theย employment rate and GDP.ย I highly appreciate the effort of the Tang Kung Group and other investors that have made this significant investment in Cambodia.โ€ As announced yesterday, Phase I construction of the Center City Ta Khmao project is now underway. The River Premium Developments are accordingly currently pre-selling the commercial shop houses of the mixed-use development. Phase II details will be revealed in the coming months. Center City Ta Khmao is a joint venture between Tang Kung Group and a Malaysian investor who also developed the Riverside Group in Melbourne, Australia. Theย Tang Kung Group brings over 16 years in the real estate industry. Center City Ta Khmao will be the pioneering development of Ta Khmao City, the complex being centrally located along Tonle Bassac riverfront in Ta Khmao. As noted by The Riverโ€™s Chairman, Oknah Tang Kung, โ€œTa Khmao was our firmโ€™s natural choice for development as we firmly believe residential development will grow toward Ta Khmao primarily because this area is highly flood resistant.โ€โ€œWe see Ta Khmao as the most sustainable region for development in the near future. Phnom Penh central city will soon face overcrowding, infrastructural limitations and traffic congestion, and also higher risks of flooding. Thus, Center City Ta Khmao is a smart investment moving forward into the future of this great city.โ€ The City Center Ta Khmao project incorporates residential, commercial (with office and retail space) and leisure amenities all in a single complex. Center City Ta Khmao will cover 15,463 square meters with a modern architectural design of two 27-story towers totaling 484 condominium units, surrounded by a 68 unit commercial complex, 2-story shopping mall, 3-story car park and one level dedicated entirely to leisure amenities. Residential units will range from studio to 3 bedrooms. SEE THE FULL LISTING
แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“ แž”แŸ’แžšแžŽแžทแžแž˜แžปแžแž˜แžถแžแŸ‹แžแŸ’แž˜แžธแžšแž”แžŸแŸ‹แž‘แžธแž€แŸ’แžšแžปแž„แž—แŸ’แž“แŸ†แž–แŸแž‰
แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“ แž”แŸ’แžšแžŽแžทแžแž˜แžปแžแž˜แžถแžแŸ‹แžแŸ’แž˜แžธแžšแž”แžŸแŸ‹แž‘แžธแž€แŸ’แžšแžปแž„แž—แŸ’แž“แŸ†แž–แŸแž‰
June 6, 2022, 5:06 p.m.
Realestate News
แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“ แž”แŸ’แžšแžŽแžทแžแž˜แžปแžแž˜แžถแžแŸ‹แžแŸ’แž˜แžธแžšแž”แžŸแŸ‹แž‘แžธแž€แŸ’แžšแžปแž„แž—แŸ’แž“แŸ†แž–แŸแž‰แž–แžธแž˜แžฝแž™แž†แŸ’แž“แŸ†แžถแž‘แŸ…แž˜แžฝแž™แž†แŸ’แž“แŸ†แžถแž‘แžธแž€แŸ’แžšแžปแž„แž—แŸ’แž“แŸ†แž–แŸแž‰แž”แžถแž“แž•แŸ’แž›แžถแžŸแŸ‹แž”แŸ’แžแžผแžšแž˜แžปแžแž˜แžถแžแŸ‹แžšแž”แžŸแŸ‹แžแŸ’แž›แžฝแž“แž‚แžฝแžšแžฒแŸ’แž™แž€แžแŸ‹แžŸแž˜แŸ’แž‚แžถแž›แŸ‹ แž แŸแžŠแŸ’แž‹แžถแžšแž…แž“แžถแžŸแž˜แŸ’แž–แŸแž“แŸ’แž’ แžขแž‚แžถแžšแž–แžถแžŽแžทแž‡แŸ’แž‡แž€แž˜แŸ’แž˜แžแŸ’แž–แžŸแŸ‹แŸ— แž‡แžถแž–แžทแžŸแŸแžŸแž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“แž”แŸ’แžšแžŽแžทแžแŸ—แž‡แžถแž…แŸ’แžšแžพแž“แž”แžถแž“แž€แŸ†แž–แžปแž„แžšแžธแž€แžŠแžปแŸ‡แžŠแžถแž› แžŠแŸ‚แž›แžŸแžถแž€แžŸแž˜แŸ’แž™แž”แŸ†แž•แžปแžแž‡แžถแž˜แžฝแž™แž˜แž“แžปแžŸแŸ’แžŸแžŸแž˜แŸแž™แžแŸ’แž˜แžธ แž“แžทแž„แž”แžšแžทแž”แž‘แžšแžŸแŸ‹แž“แŸ…แž”แŸ’แžšแž€แž”แžŠแŸ„แž™แž—แžถแž–แžŸแŸŠแžธแžœแžทแž›แŸแž™แžšแž”แžŸแŸ‹แžขแŸ’แž“แž€แžšแžŸแŸ‹แž“แŸ…แž€แŸ’แž“แžปแž„แž‘แžธแž€แŸ’แžšแžปแž„แž—แŸ’แž“แŸ†แž–แŸแž‰แŸ”แž€แžถแžšแžšแžŸแŸ‹แž“แŸ…แžšแž”แžŸแŸ‹แž”แŸ’แžšแž‡แžถแž‡แž“แž€แŸ’แž“แžปแž„แž‘แžธแž€แŸ’แžšแžปแž„แž—แŸ’แž“แŸ†แž–แŸแž‰แž”แžถแž“แž€แŸ†แž–แžปแž„แžแŸ‚แž‘แžถแž˜แž‘แžถแžšแž“แžผแžœแž—แžถแž–แž‘แžถแž“แŸ‹แžŸแž˜แŸแž™ แž—แžถแž–แžฏแž€แž‡แž“ แž“แžทแž„แž€แžถแžšแžšแžŸแŸ‹แž“แŸ…แž”แŸ’แžšแž€แž”แžŠแŸ„แž™แž—แžถแž–แž”แŸ’แžšแžŽแžทแžแŸ” แž‡แžถแž€แŸ‹แžŸแŸ’แžแŸ‚แž„แž‚แž˜แŸ’แžšแŸ„แž„แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“แž‡แžถแž…แŸ’แžšแžพแž“แž”แžถแž“ แž…แžถแž”แŸ‹แžŠแŸ†แžŽแžพแžšแž€แžถแžšแž›แž€แŸ‹แž‡แžถแž•แŸ’แž›แžผแžœแž€แžถแžš แž€แŸแžŠแžผแž…แž‡แžถแž€แŸ†แž–แžปแž„แžแŸ‚แž…แžถแž”แŸ‹แžŠแŸ†แžŽแžพแžšแž€แžถแžšแžŸแžถแž„แžŸแž„แŸ‹ แž แžพแž™แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“แž‘แŸ†แžถแž„ แž“แŸ„แŸ‡แžŸแžปแž‘แŸ’แž’แžแŸ‚แžŸแŸ’แžแžทแžแž“แŸ…แž›แžพแž‘แžธแžแŸ†แžถแž„แž›แŸ’แžขแŸ— แž…แŸ†แžŽแŸ‚แž€แžฏแž€แžถแžšแžšแž…แž“แžถแž˜แŸ‰แžผแžแž•แŸ’แž‘แŸƒแžแžถแž„แž€แŸ’แž“แžปแž„แž“แŸƒแž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“แž‘แŸ€แžแžŸแŸ„แž’แž€แŸแž˜แžถแž“แž€แžถแžšแž…แŸ’แž“แŸƒแž”แŸ’แžšแžŒแžทแžแžแŸ’แž–แžŸแŸ‹แž•แž„แžŠแŸ‚แžš แž…แŸ†แžŽแžปแž…แž‘แŸ†แžถแž„แž“แŸแŸ‡แž‘แžถแž˜แž‘แžถแžšแžฒแŸ’แž™แž˜แŸ’แž…แžถแžŸแŸ‹แž‚แž˜แŸ’แžšแŸ„แž„แž‘แŸ†แžถแž„แž“แŸ„แŸ‡แžแŸ’แžšแžผแžœแžแŸ‚แž˜แžถแž“ แžŠแžพแž˜แŸ’แž”แžธแž’แŸ’แžœแžพแž€แžถแžšแž”แŸ’แžšแž€แžฝแžแž”แŸ’แžšแž‡แŸ‚แž„แž‘แžธแž•แŸ’แžŸแžถแžšแžขแž…แž›แž‘แŸ’แžšแž–แŸ’แž™แž€แŸ’แž“แžปแž„แž”แŸ’แžšแž‘แŸแžŸแž€แž˜แŸ’แž–แžปแž‡แžถแŸ”แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“ แž”แŸ’แžšแžŽแžทแžแžŠแŸ‚แž›แžšแžฝแž˜แž˜แžถแž“ แž•แŸ’แž‘แŸ‡แž”แžปแžšแžธ แž•แŸ’แž‘แŸ‡แžœแžธแžกแžถ แžขแž‚แžถแžšแžแžปแž“แžŠแžผ แžŠแŸ‚แž›แž‡แžถแžแž˜แŸ’แžšแžผแžœแž€แžถแžšแžšแž”แžŸแŸ‹แžขแŸ’แž“แž€แžšแžŸแŸ‹แž“แŸ…แž€แŸ’แž“แžปแž„แž€แŸ’แžšแžปแž„แž—แŸ’แž“แŸ†แž–แŸแž‰ แž‡แžถแž€แŸ‹แžŸแŸ’แžแŸ‚แž„แž˜แžถแž“แž‚แž˜แŸ’แžšแŸ„แž„แž’แŸ†แŸ—แžŠแŸ‚แž›แž˜แžถแž“แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“แžŸแž˜แŸ’แžšแžถแž”แŸ‹แžŠแžถแž€แŸ‹แž›แž€แŸ‹แžฌแž‡แžฝแž›แžŠแžผแž…แž‡แžถแŸ–โ€‹ แž‚แž˜แŸ’แžšแŸ„แž„แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“ แž“แžทแž„แžขแž‚แžถแžšแž–แžถแžŽแžทแž‡แŸ’แž‡แž€แž˜แŸ’แž˜แž“แŸ…แž‘แžธแž€แŸ’แžšแžปแž„แžšแžŽแž”แž€แŸ„แŸ‡แž–แŸแž‡แŸ’แžš แž‚แž˜แŸ’แžšแŸ„แž„แž‘แžธแž€แŸ’แžšแžปแž„แžขแžผแžกแŸ†แžถแž–แŸ’แž™แžถ (Olympia City) Embassy Residencesโ€‹โ€“Embassy Central แž€แŸแžŠแžผแž…แž‡แžถแž˜แžถแž“แž“แŸ…แž‚แž˜แŸ’แžšแŸ„แž„แž‡แžถแž…แŸ’แžšแžพแž“แž‘แŸ€แžแž•แž„แžŠแŸ‚แžšแŸ” แž€แŸ’แžšแž›แŸแž€แž˜แžพแž› แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“ แž”แŸ’แžšแžŽแžทแžแŸ—แž‘แŸ†แžถแž„แž“แŸ„แŸ‡แžœแžทแž‰ แž™แžพแž„แž…แžถแž”แŸ‹แžขแžถแžšแž˜แŸ’แž˜แžŽแŸแžแžถแžขแž‚แžถแžšแžแžปแž“แžŠแžผแžแŸ’แž–แžŸแŸ‹แŸ—แž€แŸแž˜แžถแž“แž€แžถแžšแž€แžพแž“แžกแžพแž„แž•แž„แžŠแŸ‚แžš แžแžพแž“แŸแŸ‡แž‡แžถแž”แŸ‚แž”แž•แŸ‚แž“แžšแžŸแŸ‹แž“แŸ…แžแŸ’แž˜แžธแžšแž”แžŸแŸ‹แž”แŸ’แžšแž‡แžถแž‡แž“แž€แž˜แŸ’แž–แžปแž‡แžถแžฌ? โ€œแž…แŸ†แž“แžฝแž“แž—แŸ’แž‰แŸ€แžœแž‘แžทแž‰ แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“ แž€แŸแžŠแžผแž…แž‡แžถแžŸแŸ’แž“แžพแž”แŸ’แžšแžถแž€แŸ‹แž€แž˜แŸ’แž…แžธแžŸแž˜แŸ’แžšแžถแž”แŸ‹แž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž”แŸ’แžšแž—แŸแž‘แžแžปแž“แžŠแžผแž˜แžถแž“แž…แŸ†แž“แžฝแž“แž…แŸ’แžšแžพแž“แž‚แžฝแžšแžฒแŸ’แž™แž€แžแŸ‹แžŸแž˜แŸ’แž‚แžถแž›แŸ‹ แž˜แžถแž“แž‘แŸ†แžถแž„แž—แŸ’แž‰แŸ€แžœแž€แŸ’แž“แžปแž„แžŸแŸ’แžšแžปแž€ แž“แžทแž„แž—แŸ’แž‰แŸ€แžœแž”แžšแž‘แŸแžŸแŸ” แž”แŸ’แžšแž‡แžถแž‡แž“แž€แŸ’แž“แžปแž„แžŸแŸ’แžšแžปแž€แž‚แžทแžแžแžถแž˜แžถแž“แž—แžถแž–แž„แžถแž™แžŸแŸ’แžšแžฝแžŸแžšแžŸแŸ‹แž“แŸ…แž‡แžถแž–แžทแžŸแŸแžŸแž–แžฝแž€แž‚แžถแžแŸ‹แž…แž„แŸ‹แžŸแžถแž€แž›แŸ’แž”แž„แžšแžŸแŸ‹แž“แŸ…แž€แŸ’แž“แžปแž„แž•แŸ’แž‘แŸ‡แž”แŸ’แžšแž—แŸแž‘แž“แŸแŸ‡ แžแž˜แŸ’แž›แŸƒแžขแžถแž…แž‘แž‘แžฝแž›แž™แž€แž”แžถแž“ แžŠแŸ‚แž›แžŸแŸ†แžแžถแž“แŸ‹แžขแž‚แžถแžšแžแžปแž“แžŠแžผแž—แžถแž‚แž…แŸ’แžšแžพแž“แž˜แžถแž“แž‘แžธแžแŸ†แžถแž„แž“แŸ…แž‘แžธแž”แŸ’แžšแž‡แžปแŸ†แž‡แž“แŸ” แž…แŸ†แžŽแŸ‚แž€แž‡แž“แž”แžšแž‘แŸแžŸแž‚แžถแžแŸ‹แž‘แžทแž‰แžŸแž˜แŸ’แžšแžถแž”แŸ‹แžœแžทแž“แžทแž™แŸ„แž‚ แž“แžทแž„แžŸแž˜แŸ’แžšแžถแž”แŸ‹แžŸแŸ’แž“แžถแž€แŸ‹แž“แŸ…โ€ แž“แŸแŸ‡แž‡แžถแžŸแŸ†แžŠแžธแžšแž”แžŸแŸ‹ แž€แž‰แŸ’แž‰แžถ แž แŸแž„ แžŸแŸ’แžšแžธแž“แžถแž„แž˜แž“แŸ’แžšแŸ’แžแžธแžฅแžŽแž‘แžถแž“แž•แŸ’แž“แŸ‚แž€ แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“ แžšแž”แžŸแŸ‹ แž’แž“แžถแž‚แžถแžš แž€แžถแžŽแžถแžŒแžธแž™แŸ‰แžถแŸ”แž˜แžปแžแž˜แžถแžแŸ‹แžแŸ’แž˜แžธแž“แŸƒแž‘แžธแž€แŸ’แžšแžปแž„แž—แŸ’แž“แŸ†แž–แŸแž‰แž‚แžบแž‡แžถแž€แžถแžšแžšแžธแž€แžŠแžปแŸ‡แžŠแžถแž›แž“แŸƒ แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“ แžŠแŸแž‘แžถแž“แŸ‹แžŸแž˜แŸแž™แž”แŸ’แžšแž…แŸ†แžถแž‘แžธแž€แŸ’แžšแžปแž„ แž…แž„แŸ’แžแžปแžœแžทแžŸแŸแž™แžšแž”แžŸแŸ‹แžขแŸ’แž“แž€แžœแžทแž“แžทแž™แŸ„แž‚แž‘แžปแž“แž‚แžบแž”แžถแž“แžŸแž˜แŸ’แž›แžนแž„แž‘แŸ…แžแŸ’แž„แŸƒแžแžถแž„แž˜แžปแž แž“แŸƒแž”แžšแžทแž”แž‘แžšแžŸแŸ‹แž“แŸ…แžšแž”แžŸแŸ‹แž”แŸ’แžšแž‡แžถแž‡แž“แž€แž˜แŸ’แž–แžปแž‡แžถ แžŠแŸ‚แž›แž‘แžถแž˜แž‘แžถแžšแž“แžผแžœแžŸแŸ’แžแž„แŸ‹แžŠแžถแžšแžšแžŸแŸ‹แž“แŸ…แžแŸ’แž–แžŸแŸ‹ แž”แŸ’แžšแž‡แžถแž‡แž“แž€แž˜แŸ’แž–แžปแž‡แžถแžŠแŸ‚แž›แž˜แžถแž“แžœแŸแž™แž€แžŽแŸ’แžแžถแž›แžŸแŸ’แž˜แžพแž“แžนแž„ 38.9% แž“แŸƒแž”แŸ’แžšแž‡แžถแž‡แž“แžŸแžšแžปแž” แžŠแžผแž…แŸ’แž“แŸแŸ‡แž‡แžธแžœแžทแžแžšแžŸแŸ‹แž“แŸ…แžšแž”แžŸแŸ‹แž–แžฝแž€แž‚แžถแžแŸ‹แž‚แžบแž˜แžถแž“แž—แžถแž–แž‘แžถแž“แŸ‹แžŸแž˜แŸแž™ แž“แžทแž„แž€แžถแžšแž‘แžถแž˜แž‘แžถแžšแžแŸ’แž–แžŸแŸ‹ แž€แž‰แŸ’แž‰แžถ แžŸแž˜แŸ’แž”แžแŸ’แžแžท แž…แžถแž“แŸ‹แž–แžทแžŸแžธ แž˜แž“แŸ’แžšแŸ’แžแžธแž•แŸ’แž“แŸ‚แž€แž›แž€แŸ‹แž”แŸ’แžšแž…แŸ†แžถแž‚แž˜แŸ’แžšแŸ„แž„ Diamond One แž”แžถแž“แž“แžทแž™แžถแž™แžแžถ โ€œแž”แŸ’แžšแž‡แžถแž‡แž“แž€แž˜แŸ’แž–แžปแž‡แžถแž”แž…แŸ’แž…แžปแž”แŸ’แž”แž“แŸ’แž“แž˜แžถแž“แž€แžถแžšแž…แžถแž”แŸ‹แžขแžถแžšแž˜แŸ’แž˜แžŽแŸแž›แžพ แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“ แž”แŸ’แžšแžŽแžทแžแŸ—แžŠแžผแž…แž‡แžถ แžแžปแž“แžŠแžผแž‡แžถแžŠแžพแž˜แž–แžฝแž€แž‚แžถแžแŸ‹แž‚แžทแžแžแžถแž“แŸแŸ‡แž‡แžถแžšแžŸแž“แžทแž™แž˜แžแŸ’แž˜แžธแž€แŸ’แž“แžปแž„แž–แŸแž›แž”แž…แŸ’แž…แžปแž”แŸ’แž”แž“แŸ’แž“ แž…แŸ†แžŽแŸ‚แž€แž‡แž“แž”แžšแž‘แŸแžŸแžŠแŸ‚แž›แž…แžถแž”แŸ‹แžขแžถแžšแž˜แŸ’แž˜แžŽแŸ แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“ แž”แŸ’แžšแžŽแžทแžแŸ—แž˜แžถแž“แžŠแžผแž…แž‡แžถ แž‡แž“แž‡แžถแžแžทแž˜แŸ‰แžถแžกแŸแžŸแŸŠแžธ แž‡แž”แŸ‰แžปแž“ แžŸแžทแž„แŸ’แž แž”แžปแžšแžธ แž“แžทแž„ แž…แžทแž“แž‡แžถแžŠแžพแž˜แŸ” แž›แŸ„แž€ แž–แžทแž“ แž–แžทแžŸแžธ แž‡แžถแž”แžปแž‚แŸ’แž‚แž›แžทแž€แž“แŸ…แž€แŸ’แž“แžปแž„แž€แŸ’แžšแžปแž˜แž แŸŠแžปแž“แžฏแž€แž‡แž“แž˜แžฝแž™ แž”แžถแž“แž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž”แŸ’แžšแž—แŸแž‘แžแžปแž“แžŠแžผแž˜แžฝแž™แž”แžถแž“แž“แžทแž™แžถแž™แžแžถ โ€œแžแŸ’แž‰แžปแŸ†แž”แžถแž“แž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž”แŸ’แžšแž—แŸแž‘แžแžปแž“แžŠแžผแž”แžถแž“แžšแž™แŸˆแž–แŸแž›แž–แžธแž†แŸ’แž“แŸ†แžถแž“แŸ…แž‡แžทแžแžœแžแŸ’แžแžŸแž“แŸ’แžŸแŸ†แž€แžปแžŸแž›แŸ’แž™แžŠแŸ„แž™แž€แžถแžšแž”แž„แŸ‹แžšแŸ†แž›แŸ„แŸ‡แž‡แžถแž˜แžฝแž™แž’แž“แžถแž‚แžถแžš แž แžพแž™แžแŸ’แž‰แžปแŸ†แžŠแžผแž…แž‡แžถแž˜แžทแž“แžŸแžผแžœแž…แžถแž”แŸ‹แžขแžถแžšแž˜แŸ’แž˜แžŽแŸแž›แžพแž€แžถแžšแž›แž€แŸ‹แžŠแžผแžšแžŠแžพแž˜แŸ’แž”แžธแž…แŸ†แžŽแŸแž‰แžขแŸ’แžœแžธแž“แŸ„แŸ‡แž‘แŸ แžแŸ’แž‰แžปแŸ†แž…แžผแž›แž…แžทแžแŸ’แžแž”แžšแžทแž™แžถแž€แžถแžŸแžšแžŸแŸ‹แž“แŸ…แž”แŸ‚แž”แž“แŸแŸ‡แžœแžถแž˜แžถแž“แžŸแžปแžœแžแŸ’แžแžทแž—แžถแž– แž“แžทแž„แž˜แžถแž“แž—แžถแž–แžฏแž€แž‡แž“แž•แŸ’แž‘แžถแž›แŸ‹แžแŸ’แž›แžฝแž“โ€แŸ” แž€แžถแžšแžŸแž˜แŸ’แžšแž”แžแŸ’แž›แžฝแž“แž™แŸ‰แžถแž„แž›แžฟแž“แž‡แžถแž˜แžฝแž™แž“แžนแž„แž€แžถแžšแžšแžŸแŸ‹แž“แŸ…แž€แŸ’แž“แžปแž„แž—แžถแž–แž”แŸ’แžšแžŽแžทแžแž‘แžถแž“แŸ‹แžŸแž˜แŸแž™แž”แŸ‚แž”แž“แŸแŸ‡ แž‡แžถแž–แžทแžŸแŸแžŸแž€แžถแžšแžšแžŸแŸ‹แž“แŸ…แž€แŸ’แž“แžปแž„ แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“ แž”แŸ’แžšแž—แŸแž‘แžแžปแž“แžŠแžผ แžขแžถแž…แž“แžทแž™แžถแž™แž”แžถแž“แžแžถแž“แŸแŸ‡แž‡แžถแž›แž€แŸ’แžแžแžŽแŸ’แžŒแžšแžŸแŸ‹แž“แŸ…แžŠแŸแžŸแž˜แžŸแŸ’แžšแž” แž“แžทแž„แžแŸ’แž˜แžธแžŸแŸ’แžšแžกแžถแž„แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž”แŸ’แžšแž‡แžถแž‡แž“แž€แŸ’แž“แžปแž„แž‘แžธแž€แŸ’แžšแžปแž„แž—แŸ’แž“แŸ†แž–แŸแž‰ แž‘แž“แŸ’แž‘แžนแž˜แž“แžนแž„แž“แŸแŸ‡แž•แž„แžŠแŸ‚แžš แž›แŸ„แž€ แžšแžŸแŸ‹แžŸแŸ’แžแŸ’แžšแžถ แž’แžทแž”แžแžธแž‡แžถแžขแŸ’แž“แž€แžšแžŸแŸ‹แž“แŸ…แž€แŸ’แž“แžปแž„แžแžปแž“แžŠแžผแž”แžถแž“แž”แž“แŸ’แžแŸ‚แž˜แž‘แŸ€แžแžแžถ โ€œแžแŸ’แž‰แžปแŸ†แžšแžŸแŸ‹แž“แŸ…แž€แŸ’แž“แžปแž„ Rose Condo แž”แŸ’แžšแž แŸ‚แž›แž‡แžถแž„2แž†แŸ’แž“แŸ†แžถ แž แžพแž™แž€แžถแžšแžšแžŸแŸ‹แž“แŸ…แž”แŸ’แžšแž€แž”แžŠแŸ„แž™แž•แžถแžŸแžปแžแž—แžถแž– แžŸแžปแžœแžแŸ’แžแžทแž—แžถแž– แž˜แžถแž“แž‘แžธแžแŸ†แžถแž„แžŠแŸแž›แŸ’แžขแžŠแŸ‚แž›แžŸแŸ’แžแžทแžแž“แŸ…แž‘แžธแž”แŸ’แžšแž‡แžปแŸ†แŸ‹แž‡แž“ แž‡แžถแž–แžทแžŸแŸแžŸแžœแžถแž˜แžถแž“แž—แžถแž–โ€‹แžฏแž€แž‡แž“ แž“แžทแž„แž˜แžถแž“แžŸแŸแžœแžถแž‡แžถแž…แŸ’แžšแžพแž“แžšแžฝแž˜แž‚แŸ’แž“แžถแž“แŸ…แž€แŸ’แž“แžปแž„แžขแž‚แžถแžšแžแžปแž“แžŠแžผ แžŠแžผแž…แž‡แžถแŸ– แž•แŸ’แžŸแžถแžšแž‘แŸ†แž“แžพแž” แž€แŸ’แž›แžนแž”แž แžถแžแŸ‹แž”แŸ’แžšแžถแžŽ แž“แžทแž„แžขแžถแž„แž แŸ‚แž›แž‘แžนแž€ แžŸแŸ’แž“แžถแž€แŸ‹แž“แŸ…แžแžปแž“แžŠแžผแž–แžทแžแž‡แžถแž˜แžถแž“แž—แžถแž–แž„แžถแž™แžŸแŸ’แžšแžฝแž›โ€แŸ”NEED A CONDO?
Urbanland consistently impresses industry leaders and consumers alike
Urbanland consistently impresses industry leaders and consumers alike
June 6, 2022, 5:06 p.m.
Realestate News
Urbanland is firmly setting themselves above the competition when it comes to Phnom Penhย inner city design and residential development.ย  Their hugely successful Embassy Residences project, set for completion by the end of 2016,ย has sold 90% of all its available units. This year also heralds the upcoming launch of theirย second condominium project, Embassy Central. Mostly through word of mouth and exclusiveย networking and open house events, Embassy Central has steadily seen increased buzz andย interests from buyers and investors. Hok Kang, the founder of Hok Kang Architects and Urbanland, is also the principal architectย behind the leading locally ownedย cafe chain, Brown Coffee. Launching its first Brownโ€™s branchย on the capitalโ€™s Street 214 in 2009, the chain now has 11 unique locations eachย with its ownย architectural flare thanksย to Hok and his team of architects & designers. While each Brown Cafe in Phnom Penh reflects consistent architectural and interior designย themes, all embrace their own individual spinอพ a franchise style that the Phnom Penh cafeย culture seems to have wholly accepted. Urbanland consistently separate themselves from rivalย projects with their attention to detail and sleek, usable design, and this is clearly demonstratedย at the highly popular outlets of Brown Coffee, each humming morning and night withย coffee-sippingย Phnom Penhers. Meanwhile, both of Urbanlandโ€™s condo developments have heralded popular success too, forย many of the same reasons. Both Embassy Residences and Embassy Central were not only shortlisted for the Cambodiaย Property Awards 2016 on 25 February but in fact both were awarded top in their enteredย categories. Embassy Residences was awarded the โ€œBest Condo Development in Central Phnom Penhโ€ย award at this year Cambodian Property Awards series, and both Embassy Residences andย Embassy Central were awarded the โ€œBest High Riseย Residential Architectural Designโ€ prize. Upon winning the awards, Victor Huot, Urbanland's Marketing Manager said: "Being a newย developer, we feel that we can separate ourselves by focusing on creating great quality spacesย that we know this market needs and being awarded the top prize for both our projects gives usย the confidence to keep heading in that direction." Urbanland enters all of their projects with a clear and uncompromising vision, and thisย confidence and demand for quality is impressing buyers.Embassy Central, an 119 unit, 25 storeyย condo, holds a prime location in Boeung Keng Kang 1 (BKK1),ย Cambodiaโ€™s classiest suburb and home to some of the city's best shopping, eating andย entertainment venues. Residents can enjoy the swimming pool, multi-functionย room withย courtyard, fitness center, sauna, outdoor dining area, and - unique to this development - residentsย will find some reprieve from the buzz and the heat of the inner city with the help of four idyllicย sky-gardens. The project nearest completion, Embassy Residences, anย 85 unit, 18 storey complex locatedย to the south of Norodom Boulevard, shall feel the beating heart of Phnom Penhโ€™s CBD. Facilitiesย include guard house, underground car park, swimming pool and sundeck, childrenโ€™s play center,ย fitness centre and lush sky garden. All condo units within Embassy Residences are furnished toย the very highest standard and decorated in modern taste. "As a young local team, our mission is to help shape the landscape of Phnom Penh by creatingย buildings and spaces that inspire people and through this, we hope that people will start toย demand quality designs and products like Embassy Central," said Victorย Huot, Marketing Manager at Urbanland. Want to find out more about Urbanlandโ€™s projects currently for sale on Realestate.com.kh?Check out the full listing for Embassy Residences;ย and the exciting new project:ย Embassyย Central.
Cambodia Property Expo 2016
Cambodia Property Expo 2016
June 6, 2022, 5:06 p.m.
Realestate News
Realestate.com.kh is proud to be the โ€œOFFICIAL PROPERTY PORTALโ€ of the 2016 Cambodia Property Expo, in association with AMB Tarsus Events Group.The Cambodia Property Expo is an annual, international expo that brings together a host of the nationโ€™s finest construction and property related companies under one roof. It is hosted by the Cambodia Constructors Association and the Ministry of Land Management, Urban Planning and Construction, Cambodia.ย  The Cambodia Property Expo allows industry leaders to share knowledge and experience with each other, and show the public their latest projects and accomplishments. A wide variety of property developers also attend the event to showcase their latest projects and offer expo-only discounts to new buyers. By attending the Cambodia Property Expo, all exhibitors will also get an opportunity to build business relationships and network with all attendees. Meanwhile, guests from the general public will get a unique and comprehensive insight into the Cambodian construction and property industry. The Cambodia Property Expo proudly unites property owners and buyers, key shareholders and decision makers, builders, contractors, architects and real estate agents and consultants all in the same place. This expo is is not to be missed. CAMBODIA PROPERTY EXPO '16Venue: Diamond Island Convention & Exhibition Center Chamkarmon, Phnom Penh, Cambodia Phnom Penh, Cambodia Date: 8-10 September 2016Contact Information for Exhibitors, Sponsors and Guests:AMB TARSUS EVENTS GROUPM: +855 16525142 E: veasna@ambtarsus.com DOWNLOAD THE FULL EVENTย BROCHURE
Camhomesโ€™ Sihanoukville Office Launch!
Camhomesโ€™ Sihanoukville Office Launch!
June 6, 2022, 5:06 p.m.
Property Reviews
Realestate News
Dโ€™Seaview brings Sihanoukvilleโ€™s first fully integrated residential and commercial mixed development, located alongside Sihanoukvilleโ€™s most beautiful beaches.D'Seaview is selling fast! Inquire todayWith its twin towers standing at 28 storeys each, Dโ€™Seaview will bring a collection of premium executive condominiums, commercial units and a hotel to Sihanoukvilleโ€™s pioneer integrated living complex.The official opening ceremony for the Camhomesโ€™ Sihanoukville office will be held on Saturday, March 26, 2016 - This Saturday!The location of the office, where the opening ceremony will be held, is at Independence Street, beside the 2 Golden Lion Roundabout, Sangkat 4, Khan Mitipheap, Sihanoukville City. This Saturdayโ€™s opening ceremony will open to the public from 8:30AM. The chief guest of honour will be Oknha LAV Kang, from the Sihanoukville Chamber of Commerce, will also be sharing about Sihanoukvilleโ€™s 5 year real estate development plan at the ceremony. With the opening of Camhomesโ€™ Sihanoukville sales office, Camhomes can now provide investors more close proximity information about Dโ€™seaview and other Camhomesโ€™ projects. Residents of Dโ€™Seaview can expect to live, work and play within the integrated commercial mixed residential development complex in the future, with their daily needs and desired lifestyle fully satisfied within the compound. The first phase of residential units in Dโ€™Seaview have already been fully subscribed with its second phase gaining more subscriptions everyday. Dโ€™Seaview is also supported by Camhomesโ€™ unique Guaranteed Rental Returns offering: a significant 30% GRR over three years. With the booming tourism industry in Sihanoukville to both local and international visitors, Dโ€™Seaviewโ€™s integrated hotel and its local shophouse-style blocks are also open to bids from investors and Cambodian retailers looking to maximise their investment returns. Realise your housing and commercial dreams now; and visit Camhomesโ€™ Dโ€™Seaview showrooms in Phnom Penh at the Canadia Tower, level 3, or in Sinhanoukville and talk to their property consultants, or check out the full listing information online at realestate.com.kh. And if you are in Sihanoukville this weekend, donโ€™t miss the Dโ€™Seaview opening ceremony on Saturday morning. To find out more information about the Camhomesโ€™ Sihanoukville Office Launch, please call +855 23 985 828 today.
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CVEA MOU with IEA Singapore
CVEA MOU with IEA Singapore
June 6, 2022, 5:05 p.m.
Realestate News
The CVEA tour group's itinerary included conferences with the Institute of Estate Agents of Singapore (IEA), the Royal Institution of Chartered Surveyors (RICS Singapore) and the Universiti Teknologi Malaysia (UTM) in Johor, Malaysia. While visiting the IEA on the 4th of March, an association of real estate agents in Singapore much like the CVEA in Cambodia, a MOU agreement was signed. The purpose of the MOU โ€œis to provide for exchange, representation, and other mutual benefitsโ€ฆโ€ between the two professional associations. CEO of Towncity Real Estate and Vice President of the CVEA, Van Chanthorn, said that, โ€œthe benefit of this MOU for members of CVEA is that all CVEA members can connect directly to IEA members that have 1000 members to cooperate, promote and sell the projects that they have in Cambodia. Meanwhile, Members of the IEA in Singapore can connect directly to CVEAโ€™s 86 member companies to cooperate and bring customers to buy the projects in Cambodia.โ€ The agreement hopes to facilitate the sharing of ethics, real estate and valuation practice standards, and to actively encourage and facilitate business opportunities between the two association's membership. The MOU also calls for an annual exchange of information between the two parties in the form of trade junkets and conferences. Chanthorn notes that, โ€œit is part of a longer term strategy for the CVEA. CVEA is not only focusing on the benefit sharing between IEA and CVEA but we also focusing on training and learning from each other on how to improve our membersโ€™ knowledge and experience to compete with not only in Cambodia but throughout ASEAN and Internationally.โ€
Guide to Real Estate Law in Cambodia, from BNG Legal
Guide to Real Estate Law in Cambodia, from BNG Legal
June 6, 2022, 5:05 p.m.
Realestate News
BNG Legal Cambodia has released their latest version of the Guide to Doing Business in Cambodia which contains extensive information about Cambodian real estate law and property regulations.This extremely comprehensive Guide to Doing Business in Cambodia gives valuable information for investors and Cambodian-based business people on Banking and Finance, Corporate & Commercial Law, Dispute Resolution in Cambodia, Intellectual Property Laws, Labor Law, Mining Law and Regulations, Marriage and Family Law - and last, but certainly not least, a comprehensive overview of Cambodian law related to Land and Construction.In regards to Real Estate Law and Regulation, the BNG Legal Guide to Doing Business in Cambodia duly covers Legal Ownership of Land in Cambodia, Acquisition of Property in Cambodia, Potential Risks, Enforcement of Property Rights, Establishing Control over Land, Perpetual Leases, Land Concessions, Construction, Encumbrances on Immovable Property andย Recently Issued Regulations and New Procedural Rules.This is a great guide for those trying to get their head around Cambodian Property Law.DOWNLOAD THE GUIDE TO DOING BUSINESS IN CAMBODIA EBOOK NOWBNG Legal Cambodia our a unique law firm in the Kingdom, able to offer a deep understanding of the local business environment while simultaneously supported by international professionalism and integrity. BNG Legal facilitate business, investment and trade between Cambodia, Myanmar and the rest of the world through innovative and cost-effective legal services.ย BNG Legal offer all range of real estate related legal services, including residential, commercial and industrial property transactions, Lease negotiation and agreement drafting, title search and due diligence, land registration and titling, agricultural land concessions, financing, mortgages and other securities, construction contracting, permitting, and financing, environmental compliance consulting, advice on Special Economic Zones and tax-optimization.Contact BNG Legal today at: cambodia@bnglegal.com / hhn@bnglegal.comDOWNLOAD THE GUIDE TO DOING BUSINESS IN CAMBODIA EBOOK NOWCheck out more articles, news and views related to real estate law - on realestate.com.kh today!
Cambodian Banks Show Caution on Condo Lending
Cambodian Banks Show Caution on Condo Lending
June 6, 2022, 5:06 p.m.
Realestate News
Condominium sales saw a slight decline in 2015, despite the rise of supply in the market and there is speculation that this pattern may seep into 2016.A 2015 CBRE report noted that the number of condos sales decreased last year largely due to investor concerns around uneven supply and demand in the market, and that many local investors prefer villas over condos. See our recent article Villa vs. Condo.ย In a recent Realestate.com.kh story on the real estate market predictions for 2016, Simon Griffiths, Associate Director at CBRE Cambodia stated confidence in the Phnom Penh real estate market ย particularly in the condominium market, may remain low within Cambodia due to oversupply and too-rapid growth causing over-saturation, ultimately heightening exposure to risk.ย  [caption id="attachment_81456" align="alignleft" width="205"] Anthony Galliano[/caption] Anthony Galliano,ย CEO of Cambodian Investment Management adds that despite speculations of decreased confidence the market is still healthy, "The price acceleration in 2015 made Phnom Penh one of the top performing real estate markets in Asia for both commercial and residential property, and has only encouraged both investors and developers to further participate in market. ย Although Cambodia has been impacted by the ups and downs of the global real estate market, it hasnโ€™t had enough of a scale-able real estate market of its own to experience cycles, and real estate is very cyclical.โ€ย  [caption id="attachment_78669" align="alignright" width="255"] Ross Wheble[/caption] Ross Wheble, Country Manager of Knight Frank Cambodiaย predicts that the supply of condominiums will increase by more than six-fold by 2018 which could drive a slowdown in sale rates of condominiums, leaving developers looking for alternative asset types to appeal to investors.ย It seems that the writing is on the wall with warning signs of a serious oversupply issue by 2018.ย However, itโ€™s not just investors having these concerns. It seems the banks are too.ย โ€œSome banks will then tend to take a more conservative view on lending money for condoโ€™s when there is an oversupply as most of these condoโ€™s are purchased for investment purposes, not for owner occupation,โ€ says Joe Phelan, Head of Personal financial Services at Hong Leong Bank Cambodia.ย  [caption id="attachment_81446" align="alignleft" width="300"] Stephen Higgins[/caption] โ€œIf I was bank, I would be extremely cautious about lending to the condo market at the moment,โ€ adds Stephen Higgins, Managing Partner at Mekong Strategic Partners investment firm, โ€œThere appears to be a serious oversupply of apartments emerging, which will only get worse given the current level of construction that we're seeing. That means there is likely to be downward pressure on condo prices in the coming years, and that naturally makes banks cautious."ย Phelan notes that most banks in Asia know if a customer encounters problems with servicing their loan repayments for their owner-occupier home, they will do everything it takes to rectify the situation. But if something was to go wrong with an investment property venture; this comes with more risk for the lender.ย โ€œTo make matters worse for the bank the oversupply of condoโ€™s just makes it even harder for a bank to sell this property (if it is taken as security) through the legal process as there will be a very limited secondary buyer market out there for condoโ€™s,โ€ explains Phelan, โ€œIt could take 3-4 years to sell this property and no bank wants an impaired debt on their books for that long as it will hurt their bottom line too muchโ€.ย ย  [caption id="attachment_81084" align="alignright" width="300"] Joe Phelan[/caption] But buyers shouldnโ€™t be alarmed just yet. ย Phelan adds that if the condo was being purchased for owner occupation in the right location, then most banks would still consider lending money to the customer for the condo just as they would for a landed property.ย Galliano adds, โ€œThe concerns expressed by the government on a potential property bubble on several occasions and the construction sites that litter the skyline may be a prophecy of a peak in prices for now and the downward trajectory of prices to come. Investors may want to sit tight on buying and take advantage of anticipated low rentals as a significant supply of empty apartments will be seeking tenants."ย  [caption id="attachment_80510" align="alignleft" width="225"] Simon Griffiths[/caption] In response to governmental concerns, banks are adjusting lending overall in Cambodiaโ€™s current economic climate so as to avoid a future credit crunch. Banks are taking a conservative approach to counteract rapid credit growth and its associated risks as a preventative measure. This retraction is only a positive for the market in the longer-term adding to its sustainability and healthy growth.Learn more about Home Loans in Cambodia, on Realestate.com.kh today!Learn more about the Cambodian Condo Market, or Realestate.com.kh today!
What are Global Investors Intentions in 2016? CBRE
What are Global Investors Intentions in 2016? CBRE
June 6, 2022, 5:06 p.m.
Realestate News
CBREโ€™s 2016 Global Investor Intentions Survey is the culmination of interviews with more than 1,250 major investors worldwide. The 2016 CBRE survey shows that investors are still strongly expansionary, reaching outside of their local markets, with 82% of respondents indicating that their external investment activities will be the same or greater compared to 2015.โ€œThe report highlights global investorsโ€™ clear appetite for expansion, with 82% of respondents indicating that their investment activity will be the same or greater compared to 2015. 37% of those surveyed stated capital appreciation as their principal requirement, combined with a renewed focus on core assets benefiting from consistent revenue streams,"ย said Chris Hobden - Manager of Research, Consulting & Valuation at CBRE Cambodia.While there is currently limited existing stock of significant, income-bearing commercial assets being offered in the Phnom Penh market, we saw a clear rise in interest from international groups in exploring such opportunities in country over 2015. As the local market develops further, and a greater diversity of stock comes on stream, we feel that Cambodia will be well placed to draw attention from the 4% of major global investors noting โ€˜Emerging Asiaโ€™ as their primary focus for investment over the course of the year,โ€ continuesย Hobden.Property returns are particularly appealing in lowโ€‘yield world according to the CBRE report: โ€œThe single most important motivation for investment in real estate is the expectation of capital gains: 37% of respondents state this is their main reason for investing in the sector (Figure 14). Americas based investors are more interested in this component of return than those of other regions. This said, 25% of global investors mention the steady income from rents and a further 15% say yield relative to debt or other asset classes as their top motive. EMEA-based investors have a relative preference for income and yield. Asset class diversification is most important for 11% of investors, but only 3% state that geographic diversification is important. As interest rates in some areas of the world head into negative territory and are set to remain lower for longer in others, we suggest returns will continue to attract capital even if there is only modest rental growth.โ€Check out a cool infographic on Retailer trends in Southeast Asia, also from CBRE
Retailers Trends 2016, CBRE Southeast Asia
Retailers Trends 2016, CBRE Southeast Asia
June 6, 2022, 5:05 p.m.
Realestate News
CBRE Research Southeast Asia has released the results of the 7th edition of the โ€œHow Active are Retailers reportโ€. Within this report, statistics suggest that 26 percent of all global retailers surveyed identified Southeast Asian countries as primary target markets for 2016.CHECK OUT THE FULL INFOGRAPHICRetailers primary interests in the Southeast Asian region appear to focus on Mid-range Fashion and Luxury & Business retail sectors. [caption id="attachment_81434" align="alignleft" width="225"] Muyngim Lim, CBRE Cambodia[/caption] 48ย percentย of retailers particularly targeting the Southeast Asia economies come from Europe, ahead of the North America and Asia Pacific regions.ย "The fact that 26% of global retailers surveyed identified South East Asia as a target market for 2016 expansion is highly encouraging, with European mid to high-end fashion retailers showing particular interest. While Cambodia is yet to attract the level of interest enjoyed by more developed South East Asian markets, 2% having noted Cambodia as a target market for this year, with the arrival of new high-quality shopping malls, combined with growing domestic disposable income, we are optimistic that Phnom Penh will continue to benefit from new retailer entrants over the course of 2016,โ€™โ€™ saidย Muyngim Lim, Analystย atย Research, Consulting & Valuation at CBRE Cambodia. In regards to potential effects on retail supply in Southeast Asia, according to the CBRE report, 65ย percentย of retailers have typical store size requirements of less than 500 sqm. It is not all smooth sailing though for retailers targeting Southeast Asian countries; Cautious sentiments prevail with the majority of surveyed retailers targeting to open less than 10 stores in any chosen Southeast Asia country. The top five major risks for retailers in Southeast Asia were UNCLEAR ECONOMIC PROSPECTS, COST ESCALATION, CURRENCY FLUCTUATIONS, LACK OF QUALITY RETAIL SPACE, LACK OF QUALITY RETAIL SPACE & CHANGES IN CONSUMER BEHAVIOR. Learn more about Phnom Penh Retail Space!CHECK OUT THE FULL INFOGRAPHIC
Axis Residences unique quality commended at the Cambodia Property Awards 2016!
Axis Residences unique quality commended at the Cambodia Property Awards 2016!
June 6, 2022, 5:04 p.m.
Realestate News
AXIS RESIDENCES is proud to be the First Cambodia Development by a Singaporean Developer to receive the 'Highly Commended Award' for the โ€œBest Condo Development (greater Phnom Penh)โ€ at the inaugural Cambodia Property Awards 2016, part of the Asia Property Awards series.And why not? Axis Residences is proving to be a trailblazer in the Cambodian developments market - setting the benchmark with a host of innovative design, finance and quality features.Axis Residences is the pioneering condominium in Phnom Penh to adopt sustainable solar PV technology (Solar Panels) into the development.By doing so, Axis Residences will be the first and the only condominium in Cambodia that incorporates this innovative green feature that benefits the buyers with both a stable electrical supply and a reduced utility and maintenance bill. It is also nice to know that your home is supporting the reduction of carbon footprint for our mother earth and elevating a cleaner Cambodia into the new century.By utilizing clean renewable energy from the sun, all residents at Axis Residences benefit from cheaper maintenance rates and likewise reduce the carbon footprint of the condo in its entirety. The green energy generated from the rooftops of Axis Residences reduces CO2 emissions equivalent to that of 3222 trees every year. Axis Residences is the forerunner for new quality condo developments in Cambodia โ€“ and firmly believes that innovation as such will pave the way for future condo and commercial developments in considering the incorporation of clean sustainable energy sources in their design.The sleek and contemporary design of Axis Residences is also impressing Cambodian celebrities and film makers. Recently, the renowned film production company, Hong Meas HD TV, has been using the Axis Residences showroom to film various drama series and movies.The directors and producers of these productions are well-aware that the younger generation of Khmer are craving a higher standard of living, and a taste in design style that the market currently sorely lacks. Because the Axis showroom epitomizes the style and quality that the new generation of home buyers are craving, and feature brand name appliances and fixtures throughout, it is only natural that Axis Residences should be the ideal location to film these popular films and drama series.Spring CJW, the renowned Singaporean development company behind Axis Residences, however, is well-aware that many younger Khmer interested in purchasing their first condo home currently lack access to sufficient finance to make such a dream a realityโ€ฆWith that in mind, Spring CJW has created a very attractive 15 year end-financing package in partnership with Phillip Bank, uniquely designed for their customers. As the payment schedule for this loan is based on each construction stage, off-plan buyers will only have to pay as each stage of the development is completed.The Partnership between Axis Residences and Philip BankThe Phillip Bank loan package, available to Axis Residences buyers, only charges interest for the amount that is supposed to be paid. For example, if the sub-structural phase of construction is competed, just 10% has to be paid to the developer by the end-buyer. This means that customers who purchase via the Phillip Bank loan will only need to incur interest for that initial 10%.This is not a common practice at all in Cambodia, as most projects will charge the loan interest on the full sum owing, and few banks are willing to support condo buyers. Not only that but, again uniquely, the principle sum for the Phillip Bank loan will only be payable at the completion of the Axis Residences project in its entirety, which is around 2 years later. Customers who use the Phillip Bank loan option will thus be looking at only around a $90 installment payment per month for the first year.This is not only affordable for young buyers, but acts as a guarantee that the project is completed to the promised standards, in the promised timeframe. Although this is Spring CJWโ€™s first condo project in Cambodia, they have entered the market to stay โ€“ and customer-friendly initiatives such as this are a testament to that!At Axis Residences, younger buyers are offered a chance to secure a state-of-the-art home on finance terms that they can genuinely afford. This is a golden opportunity for young couples to own a new home with a lifestyle that will be the envy of their peers for many years to come.If you would like to learn more about Axis Residences, click HERE to check out the full listing on Realestate.com.kh today.Inquire directly with Spring CJW and join their friendly and knowledgable property consultants right here in Phnom Penh for a tour of the famous Axis Residences showroom.Click HERE to request an information pack today!
Cambodian Property Law Seminar, with C21 & Sciaroni & Associates
Cambodian Property Law Seminar, with C21 & Sciaroni & Associates
June 6, 2022, 5:06 p.m.
Realestate News
Century 21 Cambodia, in association with Century 21 University, brings you the Cambodian Property Law seminar - in April 2016.About the Trainer:Mr. PORCHHAY PHOUNG: Legal Advisor of Sciaroni & Associates:Mr. Porchhay Phoung is a Legal Advisor of Sciaroni & Associates, a leading law firm in Cambodia. He has been advising global real estate investors and developers , Cambodian real estate companies in laws governing real estate development, land lease laws, construction contracts, and ownership titles for foreigners among other matters pertaining to real estate. He has more than ten yearsโ€™ experience and earned his Master degree in commercial Laws from University of Melbourne in 2015.Who Should Attend: โ€ข Property Owners โ€ข Property Managers โ€ข Property Developers โ€ข Real Estate Agents โ€ข Agency OwnersWhat You Will Learn: โ€ข Land Title Issues โ€ข Constitution Vs. Investment โ€ข Local Vs. Foreigner โ€ข Landholding Structures โ€ข Sellers Vs. Buyers โ€ข Developers Vs. Buyers โ€ข Construction Limitation โ€ข Associated TaxesDate : 02nd April 2016 Time : 9am to 5:30pm Place : Century 21 UniversityLimited seats, Call now: 095 666 297 / 095 666 298 / 076 222 0080 / 076 222 0404 / 076 222 0505Only $95 per ticket, includes 2 coffee breaks and lunch.
Caring for women in the Construction sector: CARE Cambodia
Caring for women in the Construction sector: CARE Cambodia
June 6, 2022, 5:05 p.m.
Realestate News
Taking a stroll around Phnom Penh is enough to show anyone that the real estate and construction sector is booming. Investments have risen from US$840 million in 2010 to US$ 2.7 billion in 2013.But did you know that approximately 30 per cent of the workers on construction sites are women?Women, along with men, are building Phnom Penh and itโ€™s important for them and their families that they are treated fairly and protected. Thatโ€™s why CARE International is undertaking the EU-funded project: Labour Rights for Female Construction Workers. The project aims to enhance protections for women in the construction sector and builds upon CAREโ€™s proven history of improving womenโ€™s working lives in the hospitality and garment industries. This project is a chance for responsible construction companies and developers to work with CARE to make sure investing in real estate is investing in the community. Interested private sector partners can take part in this project with CARE on to build up their corporate social responsibility portfolio.But beyond CSR, investing in women has been found to make good business sense. When companies invest in their female workers, they are much better placed to notice talented individuals that can contribute more. Why waste the potential of your women workers when, with the right support, they could be your best employees?CAREโ€™s approach in this construction project is threefold. CARE, through local partners, will work with women directly to improve their capacity. This will include facilitating peer-to-peer training to help women understand protections in place, their own potential and encourage them to make the most of work in construction. It will also include educational resources that will be offered for free to workers.By engaging with employers and peak bodies, CARE will help construction companies and developers to invest in the human capital of their female workers through providing training to managers and human resources personnel. CARE will work with women workers and the private sector to facilitate avenues of communication between managers and women workers to provide managers with better understanding of the specific situation of their female workers. To complement these approaches, CARE will also work with Government stakeholders to improve institutional protections.CARE is looking for industry partners in the real estate and construction sector to be part of this project.If this is something that interests you, please contact the Project Manager, Ms Kalyan Rath, at kalyan.rath@careint.org or Adviser, Ms Adriana Siddle, at adriana.siddle@careint.org.
Sihanoukville first shopping mall at D'Seaview
Sihanoukville first shopping mall at D'Seaview
June 6, 2022, 5:06 p.m.
Realestate News
As HLH Groupโ€™s maiden housing development Dโ€™Seaview gears up for Phase 2 of its development โ€“ after having had all 300 of its residential units fully subscribed in Phase 1 since its launch in September 2015 โ€“ it will simultaneously be introducing Sihanoukvilleโ€™s largest shopping mall.SEE THE FULL LISTINGย The shopping mall, comprising a colossal 20,000 square metres of retail space, will be situated right next to Dโ€™Seaview. Slated to be the trendy uptown area of Sihanoukville, with Dโ€™Seaview being a mixed-use development that encompasses 737 residential units and numerous commercial units suitable for an array of businesses, the shopping mall will be an enticing complex to complete both residentsโ€™ and non-residentsโ€™ entertainment and shopping needs. The mall will hold such amenities as food courts, bars, health and wellness centres, beauty salons, mini-marts and financial institutions. The development will also incorporate an integrated hotel to capture Sihanoukvilleโ€™s growing popularity as Cambodiaโ€™s premier beach town. [caption id="attachment_81305" align="alignleft" width="472"] Local celebrity Khieu Sansana[/caption] โ€œGiven the countryโ€™s positive GDP growth of about 7 per cent annually, Cambodiaโ€™s economy remains vibrant and attractive to both local and foreign investors. Located next to Dโ€™Seaview, the mall will provide retail space for shopping and entertainment, making it a magnet for visitors and locals,โ€ said Datoโ€™ Dr Johnny Ong, CEO of HLH Group. He added that the mall will not only be popular for shoppers, it will also provide the development with an additional revenue stream. โ€œWe are currently seeking experienced mall operators for sale,โ€ said Datoโ€™ Dr Ong. While Sihanoukville has been pegged as the next hotspot in Cambodia not only for property investments, tourism has taken off with more flights landing and with the potential to become a fixture on the cruise ship circuit, HLH Groupโ€™s inaugural shopping mall could not have been more timely. Datoโ€™ Dr Ong also noted that the addition of this shopping mall will add more activities to the city, a problem that has long been lamented when engineering Sihanoukvilleโ€™s attractiveness as a destination. Popular TV personality KhieuSansana, who had recently subscribed to one of Dโ€™Seaviewโ€™s units, said that she believes Cambodiaโ€™s ASEAN integration plays an imperative role in attracting regional visitors to Sihanoukville. And as a constant traveler herself, she would also be able to lease her unit out to locals and foreigners who come for leisure or business while generating revenue from her personal investment into such a prime residence. With Dโ€™Seaview being only a five-minute stroll from the tranquil and scenic Sokha Beach โ€“ one of Sihanoukvilleโ€™s many sandy white beaches of crystal blue waters โ€“ property market watcher and investor Clement Dupont said that the development will elevate the cityโ€™s image to one of luxurious liveability, compared to other run-of-the-mill seaside holiday destinations. โ€œPeople will realise that Sihanoukville is a worthwhile place to invest in and attract homebuyers who are looking to live and work in a comfortable and classy environment, as the cityโ€™s economy grows from year to year,โ€ Dupont said. Set to capitalise on the Kingdomโ€™s trade and manufacturing sectors by having the countryโ€™s only deep-sea port, as well as a forthcoming 190-kilometre long and 25-metre wide expressway on National Road 4 linking Phnom Penh and Sihanoukville, the city has advantages coming from all directions. With Dโ€™Seaviewโ€™s location at the pulse of the city, HLH Groupโ€™s mall will garner interest from international and national retailers. SEE THE FULL LISTING
Phnom Penh Infrastructure Rising
Phnom Penh Infrastructure Rising
June 6, 2022, 5:05 p.m.
Realestate News
To cope with the cityโ€™s expansion and rapid growth in vehicles, more infrastructure projects are expected to be completed in Phnom Penh before 2020. At the grand opening of the 5-January Overpass (Techno Overpass), Prime Minister Samdech Hun Sen approved several more projects for the capital. After acknowledging the ongoing congestion at the Kbal Thnal Sky Bridge, construction will start soon on an additional curved overpass and underground road near the existing bridge. The US$10 million project will see an 810 metre overpass and a 606 metre underground built by the Overseas Cambodian Investment Corporation (OCIC). This is a great boost for Phnom Penh infrastructure! An underpass at the junction of Russian Federation Blvd and Preah Monivong Blvd (PKC stop) will also be constructed by OCIC to ease traffic in the vicinity. The plan features a 340 metre long, 15 metre wide road running through a 5 metre high tunnel. Following a successful soil analysis conducted on January 8, construction will commence later this year. Another overpass will be erected at the congested intersection between Russian Federation Blvd and Hanoi Street reflecting the significance of Russian Federation Blvd as the main artery connecting the city centre and the airport. The bridge is to be 611 metre long and 16.5 metres wide and will be built by Chinese Shanghai Construction and financed by the Chinese government. Phnom Penh will see also its first elevated expressway that will stretch 13km above the existing rail line connecting Preah Monivong Blvd and the international airport. The toll road will help ensure air passengers do not miss their flights due to congestion. While City Hall previously announced that the project is being developed by a Chinese investor, it appears that OCIC is also negotiating with City Hall to win the bid for this project. ย  Muhibbah Engineering (Cambodia) Ltd has also claimed to have won the bid to build a $200-million expressway connecting Phnom Penhโ€™s downtown to National Road 4 and the capitalโ€™s airport. Stretching over 14km, the 24 metre wide, 4 lane highway will also run parallel with the current rail track that connects Toul Kork Roundabout to National Road 4. The Phnom Penh infrastructure project will commence soon once compensation to affected households has been completed this year. ย  A 220km highway linking Phnom Penh and Ho Chi Minh City worth around US$2.2 billion proposed by the Japanese International Cooperation Agency (JICA) has also been announced with completion hoped for by 2030. ย  The capital will also see construction of a second ring road that will run 16.67km across two lanes from Russian Federation Blvd to National Road 2 across the districts of Dangkor, Sen Sok, Meanchey heading south to Takmao town, another boost for Phnom Penh infrastructure. The road will be built by Chinese Shanghai Construction via Chinese government financing. Built with 20-cm thick concrete it will be 23 metres wide with a 1.5 metre drainage system on both sides. The exact starting and completion dates for all these projects are not yet known. While the government is pinning its hopes on more infrastructure solving congestion, urban planning expert Dr. Van Vat told the Phnom Penh Post that infrastructure projects alone canโ€™t mitigate the jams. ย โ€œTo avoid this problem, we need to have a detailed plan for each district as to which roads need to be expanded in the next five or ten years, and which roads will have overpasses,โ€ he stressed, adding that, โ€œIf we donโ€™t do that, the congestion issue will continue.โ€ Dr. Vat also requested the government to limit vehicle imports and design and implement appropriate traffic light systems. This article was submitted by: Tim Vutha, Construction and Property Magazine [caption id="attachment_81252" align="aligncenter" width="229"] Download Issue 20 of the Construction & Property Magazine today![/caption]
Real Estate Investment Opportunities with Century 21 Taiwan
Real Estate Investment Opportunities with Century 21 Taiwan
June 6, 2022, 5:05 p.m.
Realestate News
Century 21 Cambodia through its Global Strategic Business Development Team seeks to strengthen the Real Estate Investment Opportunities with Century 21 Taiwan.ย As the Cambodian market continues to grow both in demand, developers and investors are seeking to diversify their options and target options that offer lucrative long-term success. This week, Century 21 Cambodia, along with Local Franchise Office Century 21- Dream Property, is scheduled to travel to Taiwan to meet with their Franchise counterparts to discuss ways of networking clients from both countries to increase investment and sales through the Global Sales Structure Century 21 franchises has to offer, both in Cambodia as well as Taiwan.Taiwanโ€™s interest in this region has been noted with purchases into projects such as Bali, Suncity Bassac, and others continue to extend its desire for investment returns that are not so easily presented in a traditional real estate investment market.As the real estate industry in Taiwan remains at a fixed level of real estate investment returns, the need to find new and better return on investment for clients has become a part of their officeโ€™s interest to reach out and find investments around Cambodia. According to China Post, offices in Taiwan continue to be set up in search Condominium investment growth in Cambodia.This trip for Century 21 Cambodia will be another one of several recent visits to neighboring countries. These visits add to this yearโ€™s goal of finding ways to create opportunities for Century 21 franchises to cater to clients buying or selling around Cambodia. With the rare opportunity of Phnom Penh growing at its current rate, Century 21 Cambodia seeks to support its franchise offices, by networking with Century 21 global offices and fill the need to find clients for these development units.
Knight Frank Prime Asia Development Land Index released
Knight Frank Prime Asia Development Land Index released
June 6, 2022, 5:06 p.m.
Realestate News
4 March 2016, Singapore โ€“ Knight Frank, the independent global property consultancy, today releases the Prime Asia Development Land Index for H2 2015. The index derives the price of prime residential (apartment or condominium) and commercial (office) development land in 13 major cities across Asia.Knight Frank Prime Asia Development Land Index shows prices of residential sites in the region appreciating 3.0% in H2 2015, up from the 1.2% seen in the previous six months. On the other hand, the price growth of office land slowed to 1.5% from 3.6%Report highlights:H2 2015 witnessed development land investment volumes in Asia rise by 14.1% year-on-year.Cross-border volumes increased by 55.3%, driven by intra-Asian investment flows.China bought almost two times more land in the rest of Asia.While the average price of a piece of development land has been climbing steadily since mid-2012, the average land size has been shrinking. In Indonesia, the governmentโ€™s efforts to tackle tax evasion is discouraging big-ticket purchases.Mr Nicholas Holt, Head of Research for Asia Pacific, says, โ€œThe confluence of easing construction costs and rising residential prices and office rents propelled Phnom Penhโ€™s prime land prices upwards. Although the growth rates in H2 2015 moderated slightly from the previous six months, they nonetheless were among the fastest in the region.โ€œTokyoโ€™s prime residential land index recorded the fastest growth among the cities tracked in H2 2015 โ€“ it is also the only market that outperformed Phnom Penh. With Japan joining the negative interest rate club, there could be more yield compression and price appreciation.โ€Download the full report!
Where to Buy Development Land in Phnom Penh: Realestate.com.khTV
Where to Buy Development Land in Phnom Penh: Realestate.com.khTV
June 6, 2022, 5:06 p.m.
Realestate News
Jum reap sour! And welcome to another weekly Real Estate News Report brought to you by RealEstate.com.kh. The leader in real estate news in the Kingdom and the best place to find your new home. Missed Part 1 or Part 2?On this weekโ€™s show, weโ€™re going to be speaking with Mr. In Sitha, Director of Business Development at VTrust Appraisal, about where to buy development land in Phnom Penh. Sitha has over 20 years experience in the real estate business in Cambodia and he now specializes in property development consultancy and real estate business development. He's also a renowned real estate teacher in real estate law and real estate practice. In this 6 Part series, we're going to get some tips for property developers and real estate businesses seeking to gain an edge when entering the Cambodian real estate market.PART 3: WHAT ARE BEST AREAS TO BUY DEVELOPMENT LAND IN PHNOM PENH?Realestate.com.kh: What districts are the best to buy in in Phnom Penh for developers? ย Say if you got a new developer client seeking consultation, which areas would you recommend buying land in now for a new development project?In Sitha: I think right now Chamkarmon District is one of the four districts of Phnom Penh that I would consider as the good place to invest at the moment and into the future. I think that's where to buy development land in Phnom Penh.ย Realestate.com.kh: Land's expensive right?In Sitha: Yeah, the land is little bit expensive but it's still good to invest. As you see, Chamkarmon District is the place with the most expats, restaurants and the prime hotel area of approximately 1,073.72 hectares. In this district, I consider two communes, BKK1 and Tonle Bassac, to be best to invest in.Realestate.com.kh: Which ones?In Sitha: Number one is Boeung Keng Kang 1 and number two is Tonle Bassac. You see, they are in the central area, so the southeast of Independent monument, and this district has a lot of wealthy residents, NGO, corporates, etc. And the landscape is very nice, very beautiful and wide, leafy streets. Realestate.com.kh: Will developers who choose to build in BKK1 increase their chance of higher rental returns?In Sitha: That's correct.Realestate.com.kh: Because of all the expats and lots of money in this area?In Sitha: In Boeung Keng Kang 1 and Tonle Bassac, there are many rich people. One unit of a serviced apartment with two bedrooms can be priced from 800 US to over 1800. Yet, ultimately, it is based on the quality and the design of the construction.Realestate.com.kh: Much, much higher than the rest of the country?In Sitha: Yeah, it makes it a good investment opportunity if for a one bedroom unit you can get almost 1000 to 1500 in rental returns. These areas offer easy access to all sorts of entertainment and food venues, and also the government institutions, hospitals, international schools and universities. This is a centralized area. Market price increases yearly so this is a very good place to invest in these two sangkats/communes.Loving it?ย Then you should watch part 4ย now:WHY PHNOM PENH BOREYS ARE PROVING SUCH A POPULAR MARKET FOR DEVELOPERS AND HOMEBUYERS coming soon
Cambodia Construction Summit & Expo 2016
Cambodia Construction Summit & Expo 2016
June 6, 2022, 5:05 p.m.
Realestate News
The Cambodia Constructors Association (CCA) will host its 5th CCA Summit and Cambodia Construction Industry Expo on December, 1-3, 2015 at Diamond Island Exhibition and Convention Center where hundreds of local and international exhibiting companies and visitors will attend. CCA is now also a member of ASEAN Constructors Federation, China-ASEAN Building Materials Committee, and International Federation of Asian & Western Pacific Contractors โ€˜Association (IFAWPCA). This will bring huge benefits to theย Cambodia Construction Summit & Expo 2016.Unlike previous time, this time at theย Cambodia Construction Summit & Expo 2016 there will be many exhibitors from the three above international associations as well. Besides, we will have some excited events like CCA networking party with exhibitors at the second day of the event (evening) with free foods and drink where you and possibly your members can network with our potential CCA members and other exhibitors to match your business with them. Once there was 250 booths last year, we aims for 300 booths a this year's Cambodia Construction Summit & Expo 2016.CCA is a private-run constructors group that was established in 2012. Currently, we have over 100 member companies that are companies related to construction and property sectors. For more info about CCA, please kindly go to www.cca.org.kh
ASEANโ€™s Tallest Tower Proposed for Phnom Penh
ASEANโ€™s Tallest Tower Proposed for Phnom Penh
June 6, 2022, 5:06 p.m.
Realestate News
Plans have been submitted for a super skyscraper to be built in Phnom Penh which would make it home to the tallest building in Southeast Asia (ASEAN) in 2019 should it be completed. The Thai Boon Roong Twin Tower Trade Center is being jointly developed by local firm Thai Boon Roong Co., Ltd and Chinese giant contractor Kia Nip Group. The development has been revised upwards from a proposal submitted to City Hall in June 2015 of 111 floors worth $3 billion to a new design of 133 floors worth over $1 billion.The capitalโ€™s Land Management Urban Planning and Construction department and the Phnom Penh municipality consecutively endorsed the revised master plan in mid-February. The plan has already been submitted to the Ministry of Land Management Urban Planning and Construction for a final study that is expected to take at least 45 working days before a final decision is released. ย If final permission is granted, construction is planned to kick off later in 2016 with completion scheduled for 2019. The project is expected to becomeย ASEANโ€™s Tallest TowerThe Thai Boon Roong Twin Tower Trade Center is to be situated on the five-hectare Dream Land plot in Tonle Bassac commune and will feature commercial office space, a cultural centre, hotel, retail and shopping centres and many more entertainment facilities. ย If completed, the structure will be ASEANโ€™s Tallest Tower ahead of Malaysiaโ€™s Petronas Twin Towers (452 metres with 88 floors), Vietnamโ€™s Keangnam Hanoi Landmark Tower (345 metres and 77 floors), Malaysiaโ€™s Menara Telekom Towers (310 metres and 55 floors) and the 304-metre Baiyoke Tower II in Thailand with 84 floors. ย It will also be the 5th tallest high-rise in Asia as well as in the world following the UAEโ€™s Burj Khalifa (828 meters), Chinaโ€™s Shanghai Tower (632 meters), Saudi Arabiaโ€™s Makkah Royal Clock Tower Hotel (601 meters) and Taiwanโ€™s Taipei 101 (509 meters). However, if the 555-metre Diamond Tower proposed by Overseas Cambodian Investment Corporation (OCIC) in 2010 is successfully built on Diamond Island, the tower will rank only second in Phnom Penh. ย While such high-rises are usually welcomed by the public, building safety systems - especially related to fire prevention - are usually the main concerns due to the fact that the Cambodian authorities still have limited capacity and legal regulation in dealing with safety issues on tall buildings, let alone super-skyscrapers. Prof. Tous Saphouen, Secretary General of Board of Architects Cambodia and also the Dean of Pannasastra University of Cambodiaโ€™s Architecture Faculty was involved in the architectural design of this project. He told local media that the development was the result of a very detail architectural study done by experienced Cambodian and Chinese architects. According to Prof. Tous, giant Chinese constructor and main contractor Kia Nip Group has developed many high structures especially in China. Since it is the first super-tall building in Cambodia, the developer it is not sure whether local firms can be sub-contracted to parts of the building works. According to data from the Ministry of Land Management Urban Planning and Construction, 628 buildings ranging between 5 and 40+ floors have been erected in Cambodia so far. Among them, 407 buildings are between 5 and 9 floors, 187 buildings are between 10 and 19 floors, and 22 are between 20 and 29 floors. Only four towers surpass 40 floors. Phnom Penh Governor Pa Socheatevong has indicated that Phnom Penh will attract more high-rises in the next few years, especially in the area surrounding Diamond Island, and in Chamkar Morn and Daun Pinh districts. Despite general industry enthusiasm for the project, questions continue to be raised about not only the viability of the project for the Cambodian market but also about whether due diligence will be followed in the approval, investment and construction of the project. This article was submitted by: Tim Vutha, Construction and Property Magazine [caption id="attachment_81252" align="aligncenter" width="229"] Download Issue 20 of the Construction & Property Magazine today![/caption]