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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]
Center City a Jewel to Make Ta Khmao Shine
Center City a Jewel to Make Ta Khmao Shine
June 6, 2022, 5:05 p.m.
Realestate News
2018 will see Ta Khmao city transformed into a real estate development hub thanks to the construction of the first large-scale residential and commercial development project called Center City Ta Khmao.SEE THE FULL LISTINGLocated just south of Phnom Penh along the Tonle Bassac riverfront, the Center City Ta Khmao complex is to be built on a 15,463 square metre plot with 10,668 square metres of beautiful landscaped surroundings and will feature a range of luxury freehold-based property units. Two 27-storey condominium towers totalling 484 units will be surrounded by 60 commercial shophouses, 8 commercial buildings, a 2-storey shopping mall, and 3-storey car park. One floor of the building will be dedicated to leisure amenities including a health and fitness centre, swimming pools, jogging paths and a childrenโ€™s playground.The complex is being developed by Tang Kung Group under the brand The River Premium Developments via a joint venture between local conglomerate Tang Kung Group and a Malaysian investor also owner of Australia-based Riverside Group. Tang Kung Group has almost 20 years of experience in the real estate industry.ย Thanks to the extensive background of the developer, The River Premium Developments prides itself on premium quality mixed-use developments, incorporating residential, commercial and leisure amenities. To ensure premium quality, it integrates modern design and architecture into all of its prime location projects to cater to the Cambodian market. First-class quality is key to the culture and commitment of the company and is guaranteed by using only branded construction materials to maintain international standards. โ€œSituated in the heart of Ta Khmao overlooking the grand Tonle Bassac, Center City Ta Khmao will be the finest in world-class living,โ€ said Okhna Tang Kung, Chairman/CEO of The River. He added that Center City differentiates itself from other developments by being located, โ€œIn a tranquil and picturesque setting in front of the majestic Tonle Bassac and offering unparalleled convenience. It offers customers the choice of owning spacious shophouses perfect for any business, thanks to its proximity to premium condominium units and a luxurious shopping mall that offers world-class amenities within the same complex.โ€ The target market for the developer is both local and foreign high-end buyers. According to Okhna Tang Kung, his firm has a different strategic view on the future property hub, saying that Ta Khmao will be the next landmark in the kingdom.SEE THE FULL LISTINGโ€œAs predicted by Cambodiaโ€™s most-celebrated architect and urban planner, H.E. Vann Molyvann, Phnom Penh city will continue to grow toward Ta Khmao as this area is highly flood resistant, and will remain so for the future. The developer behind Center City Ta Khmao thus views Ta Khmao as the most sustainable region for residential development, with H.E. Vann Molyvannโ€™s expert understanding in mind,โ€ he stressed. Construction on the development kicked off last year and will ensue in 3 phases. Phase 1 will be the shophouses and is now in the pre-selling stage. Unit prices for the mall and all condominium units are expected to be revealed during phase 2 and 3 in the coming months.
How China influences the Cambodian Real Estate Market
How China influences the Cambodian Real Estate Market
June 6, 2022, 5:06 p.m.
Realestate News
China is now the second largest economy in the world, after Japan, and continues to grow steadily at about 10 percent per year. Thus, all eyes are frequently on China these days. What they do now has global implications. If they rise, we all rise. If they fall, they take a lot of people down with them.Although China is not just a major player in the region -- it is a major player in the world -- as is always the case, proximity matters. What China chooses to do has a particularly strong impact on countries near to hand. Cambodia is one of the countries near to hand that is particularly strongly impacted by any ripples in the Chinese economy.Many countries in Southeast Asia have been struggling with internal market uncertainties. In contrast, China's continued generally strong economic growth has fueled a trend in increased international investment. In 2015, China doubled their international investment compared to the year before. In aggregate, it totaled just under US$30 billion.Naturally, there are a number of factors impacting the investment decisions of Chinese investors. The recent instability of the Chinese stock market is one important factor driving Chinese investors to diversify their portfolio by looking outside of the country for capital safe havens and opportunities.Additionally, their ongoing devaluation of their currency is being done to intentionally give them trade benefits. This is also driving investors to from within China to move money outside of China, exactly as it is intended to do.ย The explicit policy objective of their ongoing currency manipulation is to enhance their ability to export goods and services. This may be why predictions suggesting they would retrench their outbound capital failed to be realized. Instead, their overseas investments in real estate continued a strong upward trend throughout 2015. Although the lion's share of this outbound capital continues to be invested in big markets, such as US commercial real estate, the UK and Australia, a certain market segment is gradually turning more attention towards regional centers closer to China's own backyard, such as the ASEAN nations. These areas are beginning to have a bit more appeal for small- to mid-cap investors who desire higher yields. The traditional centers of Chinese investment interest -- places like London and major cities in the United States -- are in no danger of being ignored. In spite of the high cost of entry into markets in well developed countries, they have a long track record of being solid investment opportunities. Thus, they are worth are worth it. But the "Belt and Road" policy is beginning to encourage more Chinese institutional investors to look at opportunities much closer to home. The main places expected to benefit from this trend include India, Hong Kong and all ASEAN countries. Since Cambodia is an ASEAN country, it is included in this list. There is also reason to believe that Japan will continue to draw substantial investment interest from China. Thanks to the aforementioned policy changes and the ongoing RMB devaluation within China, the odds look good that China will continue to invest heavily overseas. While the bulk of that money will certainly go to traditional gateway markets, regional hubs in Southeast Asia are likely to start seeing more than just a splash or two from the fire hose of Chinese outbound capital. Even if their forward momentum slows down, as some people are predicting, the fact that they have one of the largest populations in the world, a huge mass of land, and have established and sustained consistent economic growth for some years now strongly suggests that they will continue to be a force majeure on the global economic scene. The policy changes and trends in motion make it highly likely that the drips and drops of regional investment we have already seen will grow to a steadier stream. We are looking forward to helping Cambodia tap into that stream. Given the drama that occurred when China's stock market took a noticeable dip recently, some people are understandably concerned about the near and mid term outlook for Chinese outbound capital and its impact on international markets. As is often the case in stock markets, the dip -- down 6 per cent in the Shanghai Composite index, and down more than 7 per cent in the Shenzhen Composite -- caused panic selling, thus deepening the problem. Predictably, some folks fear that the impact on Cambodia's real estate may be negative, not positive. One cause for this concern is that, because Cambodia is a Least Developed Country, it benefits enormously from its ability to export to some of the more developed countries, such as the US. Additionally, the Cambodian riel is pegged to the US dollar. These facts make the country especially sensitive to international economic drama involving the US. Understandably, people held their breath when the Chinese stock market dip caused fallout in the American markets. Fortunately, the situation was short lived and did not turn into a long term slide. The US and other important markets quickly rallied. This is in spite of the fact that China's RMB devaluation is an ongoing policy specifically intended to manipulate the American market for China's benefit. In spite of how China's population dwarfs that of the US, the American markets are surprisingly robust -- or, perhaps, not so surprisingly since the US is one of the more developed countries in the world. In spite of a 40 percent drop in the Shanghai exchange and predictions that this may have a long term negative impact on Cambodian real estate, there was no serious distress in the short term. Nonetheless, Chinese investment plays an important role in infrastructure development, agriculture, hydropower, and industry for Cambodia. Chinese investors are a major force in some areas of industrial development in Sihanoukville, one of the three most important cities in the Cambodian market, if only because it has the only deep sea port in the country. Because global events hit Cambodia hard in 2008, this most recent incident was met with a proactive government response. They promptly set out to run the necessary analyses and put protections in place to avoid another serious recession. The country's capital, Phnom Penh, is the single most important city in Cambodia. A high percentage of its new residential development is being snapped up by foreign buyers. Prices have been heating up, causing talk of a possible bubble in this market. We believe this to be unlikely because Cambodia lacks the essential ingredients for creating such a situation. Among other things, bubbles require excessively high rates of leverage. The conservative banking system in Cambodia has been a strong safeguard against that situation developing. Thus, Cambodia simply does not have that particular problem and it is unlikely to develop a bubble, only to see it burst catastrophically. The rate at which China is moving manufacturing out to other parts of Southeast Asia is astonishing. This region may well displace China as the seat of global manufacturing. The trope "Made in China" may be replaced by "Made in Southeast Asia." Of course, China's economic slowdown has been felt in the region. This may have a silver lining in the form of taking some of the wind out of the sales of speculative buying in Phnom Penh. Prices might come down a bit to more reasonable, sustainable levels. Some people would not be happy, but it might be best for the market overall. China is an economic giant locally and globally. With Cambodia resting midway between it and India, we are bound to be hit by any turbulence from either one, yet also buffered to some degree by the existence of the other. Adding more stability is Cambodia's membership in ASEAN and links to other markets, such as Australia. Nothing can completely shield Cambodia from the ups and downs of China's economy, but the recent drama proved to be more disconcerting than actually dislocating. Whether it is a bull market or a bear market, there are always some winners and some losers. As long as things keep humming along in the right direction overall, Cambodia should fair okay. The fundamentals here are pretty solid and many people are working hard to keep things going along in the right direction. We are cautiously optimistic about the foreseeable future.Want to learn more about investing in Cambodia?
REMOC2016 is here
REMOC2016 is here
June 6, 2022, 5:06 p.m.
Realestate News
Official Property Portal Sponsor, Realestate.com.kh, in association with Entrepreneur Consulting, brings you REMOC2016: Real Estate Market & Outlook Conference 2016.At REMOC2016 - join this informative event to discover real estate market and property outlooks for 2016 and the years to come from a host of industry leaders... Speakers such asย Mr. Kuy Vat, Chairman of CVEA and Century 21 Cambodia,ย Dr. Sopon Pornchokchai, Ph.D., D.FIABCI, CRS, MRICS, President of AREA, Bangkok, Mr.ย James Padden,ย Commercial Agency Manager at CBRE Cambodia & many, many more real estate experts discuss where the Cambodian market is heading, and how investors can find success in this fast growing marketplace.REGISTER TODAY - SPONSORSHIP OPPORTUNITIES STILL AVAILABLEREMOC2016 Agenda:ย Friday 1 April, 2016Morning Sessions: 8:30am to 12:00pm8:00am - 8:30am Arrivals of speakers, special guests, distinguished participants, and the invited media 8:30am - 8:40am Welcoming Speech, addressing opportunities and challenges for real estate industry for 2016 and the years to come Mr. Kuy Vat, Chairman of CVEA and Century 21 Cambodia8:40am - 9:00am Commentary Speech, addressing current situation of real estate market and suggestions for future improvement Mr. Kim Heang, president of CVEA, and General Director of Khmer Real Estate9:00am - 10:00am ASEAN Housing Market 2015 and Trends, Including Phnom Penh, Ho Chi Minh, Bangkok, Manila, and Jakarta Dr. Sopon Pornchokchai, Ph.D., D.FIABCI, CRS, MRICS, President of AREA, Bangkok, Thailand10:00am - 10:30am Coffee Break 10:30am - 11:15am Phnom Penh's Commercial Estate Market, with Most Stresses on Key Market Performances and Outlooks for Retail Sector and Office Space James Padden,ย Commercial Agency Manager at CBRE Cambodia11:15am - 12:00pm Phnom Penh Land Market, with Most Highlights on Market Prices, Zoning and Development Trends Mr. Sorn Seap, C.E.O., Key Real Estate Co., Ltd.12:00pm - 1:00pm Lunch Break - Buffet Afternoon Sessions: 1:00pm to 5:05pm1:00pm - 1:45pm Phnom Penh's Condominium Market and Trends, with Most Insights into Primary Market, Supply, Demand, and Key Successful Factors for Developers Mr. Chrek Soknim, C.E.O, Century 21 Mekong1:45pm - 2:30pm Industrial Estate Market, with Most Highlights on Supply, Demand, Market Performance, Zoning, and Future Trends, and Opportunities Mr. Hin Socheat, Research Director, Bonna Realty Group2:30pm - 3:15pm Phnom Penh's Serviced Apartment Market, Most Highlighting on Key Market Performance Indicators, Key Challenges as Condominiums Emerge, and Outlooks for the Sector To be confirmed... 3:15pm - 3:30pm Coffee Break 3:30pm - 4:15pm Situation of Valuation Industry in Cambodia, with Most Insights into Current Practices and Valuation in Risk Management for Banking Sector Mr. Sim Hoy Chhoung, C.E.O., VTrust Appraisal Co., Ltd.4:15pm - 5:00pm Macro Perspectives: Cambodia's Real Estate Industry 2015, with Most Highlights on Demographics, FDIs, Industry Performance, and Outlooks for 2016-2017 Mr. Hoem Seiha, Director of Research, VTrust Appraisal Co., Ltd.5:00pm - 5:05pm Group Photos & End of Program REGISTER TODAY - SPONSORSHIP OPPORTUNITIES STILL AVAILABLE
Launch a Development project in Cambodia: How To; Realestate.com.khTV
Launch a Development project in Cambodia: How To; Realestate.com.khTV
June 6, 2022, 5:04 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.On this weekโ€™s show, weโ€™re going to be speaking with Mr. In Sitha, Director of Business Development at VTrust Appraisal. 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 2: THE PROCESS TO START ANY DEVELOPMENT PROJECT IN CAMBODIA, FOR DEVELOPERSย Missed part 1? View it here!Realestate.com.kh: For developers, when you meet the developer that's considering launching a project in Cambodia, can you briefly explain the process for starting a new development project in Cambodia? What do they need to do?In Sitha: Thank you, this is a good question as well. Most developers have to understand a few things when they decide to enter the Cambodian market. To start a new development project in Cambodia, number one, the developer must get the business license from the Ministry of CommerceRealestate.com.kh: Number one, business license. This takes how long?In Sitha: I'd say a few weeks, usually from one week to two weeks. Now everything's online so the developer can go to the website of the Ministry of Commerce and apply to get the business license.Realestate.com.kh: This process is much faster now?In Sitha: Yes, it is faster now. This is a new system for the Cambodian government so everything's online now. ย Second, the developer needs to get permission from the General Department of Taxation. They have to apply to get VAT number and tax patent. You can also apply for tax patent online. The developers then apply to get the construction license from the Ministry of Land Management Urban Planning and Construction.Realestate.com.kh: The construction license, that's general - or you take a different license for different type of projects?In Sitha: Actually, it will be specific in regards to the size and type of the development. And we have specific periods. Realestate.com.kh: And if they don't complete the comstruction in a certain time?In Sitha: They can extend. At the same time the developers are applying to get the construction license, they need permission for their project from the Ministry of Economy and Finance as well. The same registration applies for a developer as applies to a real estate agency. In the real estate business, first we have to apply to get the business license from the Ministry of Commerce and then get the Tax Patent. Then we have to apply to get our license and certificate from the Ministry of Economy and Finance for the specific professional field as a developer, agent and property manager in some cases. The developer is no different, and needs to get licensed for any type of business it undertakes.Realestate.com.kh: So the developer, they need to apply for a license to sell their property also? They need to apply for a real estate license?In Sitha: Yes they do.Number five in the process is that ย the developers have to prepare the master plan for the development project, and submit this to the Ministry of Land Management Urban Planning and Construction and wait for the approval. After the approval, the Ministry of Land Management provide construction permission. Developers then can start the development project at the site that they propose. Realestate.com.kh: Roughly how long does it take to receive these permissions to begin? How fast could they do that?In Sitha: It takes a few months. It depends on how busy the government is. Some Months they are busy, like for the official meetings or something, so it takes a longer. Broadly, it's between one month and three months start to finish.Realestate.com.kh: When they submit the project plan to the government, how specific, how detailed does the plan need to be at this stage?In Sitha: They should include the floor plans as part of the master plan, in order for a professional architect from the land management ministry to check. Which means that before construction starts, developers have to prepare the master plan, the complete of construction prediction, and submit all information to the Ministry of Land Management. ย The Ministry of Land Management will then check and verify whether it shall proceed.Realestate.com.kh: You must have a registered construction company in this plan?In Sitha: Yeah, yeah. It shall be under one company who can also be registered for construction, or in partnership with a separate registered construction company. Number six, in the process for a developer to start in Cambodia, the marketing and selling strategy is also important. How to do the marketing and how to sell your type of development in Cambodia. Many developer donโ€™t pay enough attention to this. It's all about the marketing. I say developers need to do the market research and see whether the project could be a healthy seller in this market. And donโ€™t wait until after the construction to do this! Can customers buy or not? And research the right price or something like that. The developer needs to understand the market price, and likely changes, which means the price that could be affordable to the customer compared to the neighboring development projects. My company, VTrust Appraisal, are specialists in research and market study. We are an independent organization that can bring a lot of useful knowledge to those considering development projects. [caption id="attachment_81203" align="alignleft" width="300"] The Ministry of Land Management Construction and Urban Planning, Phnom Penh.[/caption] Realestate.com.kh: The developer can sell 70% of a condo project to foreigners right?In Sitha: Of course, developers can sell 70% to the foreigner owners.Number eight, in the process for a new developer, is to select the right type of customer to sell your units to. Not all customers are the same, and not all will suit your development. It depends on how much is the unit price for each condo. And this depends on the area, and whether you want to target local or ย international customers. It is a very good time, and a good opportunity for the developer to join in the condo development in this country. Number nine, in the start-up process for any developer is finding referral agents.Realestate.com.kh: When you say referral agents, you mean the developer has one agency working exclusively for them and then referral agents, all those other agencies who can co-sell and refer clients.In Sitha: Yes, you see, the CVEA (the Cambodian Valuers and Estate Agent Association) can be extremely useful for this because they are the mother of the real estate companies within Cambodia, the big umbrella of the industry - and the CVEA has a lot of real estate members.Realestate.com.kh: They're very interested to meet new developments?In Sitha: The real estate agents in the CVEA are professional, and they are well known, so the developer can get them to help out in selling the project as referral agents. They will share information among all members. Ten, the last point, cooperate for home loan options from the banking sector. To invest in the property I believe that we cannot have 100 percent of the money to own the properties. Now the banking sector in Cambodia generally provide home loans to the real estate developer up to 70%. To invest in property in this community, we use 70% of our own investment and the other, 70% or more from home loans. Everything they have to set part with the bank. Could be the reliable bank for the coverage in terms of loan financing. Loving it?ย Then you should watch part 3 now:WHAT ARE BEST AREAS TO BUY DEVELOPMENT LAND IN PHNOM PENH
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Why develop and invest in Cambodia? Realestate.com.khTV
Why develop and invest in Cambodia? 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.On this weekโ€™s show, weโ€™re going to be speaking with Mr. In Sitha, Director of Business Development at VTrust Appraisal. 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 1: WHY PROPERTY DEVELOPERS AND INVESTORS ARE INCREASINGLY LOOKING TO CAMBODIARealestate.com.kh: Mr. Sitha, I understand you have a lot of experience in advising property developers in Cambodia. What do you believe is driving the current high levels of property develop in the country now, in Phnom Penh in particular? Why do people want to invest inย Cambodia?In Sitha: Well, thank you for your excellent question. In Cambodia now, the business opportunity is good compared to the late 90s. You see when the country and the world had the economic crisis. After 2009, the market is better and better. More foreign investors are looking to this market. Most from China, Hong Kong, Malaysia, Japan, America and local developers. All these people are looking to invest in Cambodia.Come to the questions. What drives the property development in the country currently? I think the investors themselves firstly have to have unlimited/sufficient investment capital for the investments in Cambodia, meaning they canโ€™t enter without foresight. Number two, the investment projects licensing fees must be taken into consideration. Number three, investors must choose the right locations given their target market and budget, so location is also the most important to set up the development project. I think the central city is the best location at present, and also in the peninsula areas, or the other side of the river, if you're talking by areas.Realestate.com.kh: Why's that?In Sitha: Actually in Chroy Changvar the environment is good. The heart of the land between the Rivers is very beautiful, ideal to build a hotel or condo development. Realestate.com.kh: The infrastructure's really improving that side of the river now? [caption id="attachment_81189" align="alignleft" width="278"] Mr. In Sitha, Director of Business Development at VTrust Appraisal.[/caption] In Sitha: Yeah. A developer could build high rise buildings without limitations in this location as there are still no restrictions in the Chroy Changvar ย area, which means we could build high as long as they maintain construction qualities. Construction qualities that I just mentioned are also an important consideration for the investor. Quality construction ensures a project will have a long lifetime in the market. Number four, company brand name and reputation is also very important to this industry. Any new developer in the Cambodian market must build its brand reputation also. So how to build our brand name? My recommendation is to make a joint venture agreement with a good quality construction company and an experienced development company - preferably with experience in multiple international markets. Number six, you need to understand what is the competitive price in the market for a project like you are looking at. This means understanding the market price. It should in line with demand in the locality as well as considering what is reasonable for the foreign investor coming to our market as well.Number seven. You must consider the marketing tools you will use to expose your development project. I think RealEstate.com.kh is the one of the best digital marketing options for them to choose.Loving it?ย Then you should watch partย 2 now:ย THE PROCESS TO START ANY DEVELOPMENT PROJECT IN CAMBODIA, FOR DEVELOPERS
A Final Frontier For Investors: Cambodia
A Final Frontier For Investors: Cambodia
June 7, 2022, 12:39 a.m.
Realestate News
Cambodia is in a fairly unique position that many potential investors find compelling.The combination of a stable government and banking industry, pro business and pro foreign investment policies, and tremendous growth potential is relatively rare. Financial and governmental stability are typically associated with more mature markets that have greater barriers to entry combined with less growth potential. Less developed countries with good growth potential are not usually so actively welcoming of investment and are typically more politically and financially unstable. This unusual combination of pro growth and development factors has already yielded substantial development and progress in Cambodia, yet there remains more money to be made. This is a country and a populace eager for growth and doing a great many things right. It is an exciting time for both local nationals looking forward to a brighter future and for potential foreign investors looking for an investment frontier. Cambodia is deemed by many to be a last frontier in this part of the world. It is brimming with raw natural resources and raw undeveloped talent. When foreign investors bring capital and first world know how to the table, magical things can happen, benefitting all involved parties. In recent decades, Cambodia has seen incredibly forward progress, from an underdeveloped nation to a substantially more urbanized country. Pro-business government policies have helped attract foreign investment to the many different market sectors, including:Offices and Commercial DevelopmentRetail DevelopmentIndustrial DevelopmentResidential Real EstateAgricultural DevelopmentIt is also literally well positioned due to its physical proximity to some of the most vibrant markets on the planet. This fact is being capitalized upon and enhanced via regional trade agreements that strengthen Cambodia's ties to multiple large, developed markets. Cambodia has a young, energetic work force and a rich and intriguing cultural heritage. Both of these treasures are nestled amidst a landscape filled with natural beauty that draws tourism and natural resources that are an excellent basis for both industrial and agricultural development. It is a world filled with opportunity for any investors who are willing to do their due diligence and bring first world savvy and capital with them to the bargaining table. It is still a corner of the world being overlooked by many people. This oversight is one they may live to regret. Although there is always an element of risk in any kind of investment, the fundamentals here are incredibly strong. Thus, well planned, well managed foreign development projects have excellent prospects. This is a place where dreams can not only become reality, they can shape the future. What would you like to build? Aquaculture? An organic farm? A world class hotel? Consider the possibilities and consider building your future and your portfolio here in this exciting market.Reasons To Invest In Cambodian PropertyPractically virgin investment territory with enormous growth potentialA recent track record of dramatic improvementsThe government is pro-business, fostering a favorable climate for investmentThe country is enjoying strong, sustained growth in Gross Domestic Product.Location, Location, LocationSandwiched between two stronger economies (Thailand and Vietnam)Midway between the world's largest, fastest growing economies (China and India)Sitting between Australia and Asia, with trade agreements connecting it to bothPolitical stabilityThe country has had the same Prime Minster for more than a quarter of a centuryThe Prime Minister is the longest serving non-royal leader in South East AsiaThere is a young workforce hereAffordable labor for investorsA workforce in the prime of their life, with many good years ahead of themLocal improvements translate to savings in training needs for foreign countriesThe country is actively improving its position on trade integrationJoined the WTO in 2004Joined ASEAN for increased access to local marketsLDC status gives access to highly developed marketsActively ramping up transport connectivityThe country has been actively upgrading road and bridge connections to all neighboring countries.The railroad system is being actively improvedThe sea port in Sihanoukville has been expanded and modernizedThe river port in Phnom Penh has been drastically improvedThe country has opened three international airportsLow cost utilitiesThe mobile and internet sectors have seen dramatic cuts in costNew and more efficient power plants are replacing old ones, cutting energy costsVast natural resourcesAbundant fertile land with adequate water supplyUntapped mineral deposits and oil and gas reservesNatural beauty available for the tourist industryUnder-penetrated market with vast growth potentialVery young population which promises growing domestic demand for years to come Per capita purchasing power has more than doubled and is still risingOverall low debtLow levels of debt at all levels (governmental, corporate and personal) Conservative and solvent banking systemZero history of government bailouts and subsidies, practically unheard of in this day and ageLEARN MORE ABOUT INVESTING IN CAMBODIA, on Realestate.com.kh today!
Asian Outbound Investment: Another Record Year, CBRE
Asian Outbound Investment: Another Record Year, CBRE
June 6, 2022, 5:04 p.m.
Realestate News
CBRE Hong Kong has released a new report that chartsย Asian outbound investment in real estate in 2015.ย โ€‹Asian outbound investment has seen another record year for 2015, reaching US$62.4 billion.And the Cambodian real estate market are drawing some of this capital. ย Chris Hobden, Manager of Research, Consulting & Valuation Services at CBRE Cambodia notes that, "while 2015 saw a significant increase in allocations of Asian outbound capital beyond the Asia Pacific region, Cambodia has evidently benefited from the growing appetite of both developers and investors, notably from China, Singapore, South Korea and Taiwan, to expand development activity and holdings beyond their respective domestic markets. With sustained GDP growth, attractive returns and the widespread adoption of the US dollar, Cambodia is well placed to attract continued real estate investment from the wider region over the course of 2016." ย  [caption id="attachment_81159" align="alignleft" width="226"] Chris Hobden, Manager of Research, Consulting & Valuation Services at CBRE Cambodia[/caption] Key highlights of the CBRE Hong Kong report: Asian outbound real estate investment reached another record high year in 2015, standing at US$62.4 billionโ€”a 37% year-on-year increase. ย  Underpinned by more active institutional investors from Singapore and China, 2015 saw a significant increase in big ticket transactions (deal size worth over US$500 million; up 167% year-on-year) and portfolio transactions (accounting for 28% of total Asian outbound investment turnover, up from 16% in 2014). ย  Active sources of capital continued to be led by Singapore, China and Hong Kong, with an increase of outbound capital deployment at 58%, 41% and 49% year-on-year, respectively. ย  Outbound investment into major gateway cities were more diversified. London, as the top destination of Asian investors, has contributed to a lower portion of outbound investment, decreasing from 17% in 2014 to 13% in 2015. On the contrary, other major gateway cities such as New York, Sydney, Shanghai and Hong Kong have all received a higher proportion of Asian investments in 2015. ย  The Americas have overtaken EMEA to become the top region attracting the largest share of Asian outbound investment, reaching US$22.4 billion (up 109% year-on-year). The Pacific region also saw significant increase of Asian investment (up 45% year-on-year). Meanwhile, growth rates in EMEA (up 7% year-on-year) and within Asia (up 12% year-on-year) are relatively moderate.
Axis Residences, Realestate.com.khTV Property Review
Axis Residences, Realestate.com.khTV Property Review
June 6, 2022, 5:04 p.m.
Realestate News
Jum reap sour!ย 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.Welcome to the Realestate.com.kh Property Review series.ย On this weekโ€™s show, weโ€™re live at Axis Residences showroom in Phnom Penh. We are here with Mr. Anthony Ong, Director of the Axis Residences project. See the full listing and inquire today!Tell me about the AXIS location:Anthony Ong: Axis Residences is situated 5 minutes from the recently expanded Phnom Penh International Airport and in the same vicinity of Northbridge International School (among other international schools), the best medical hospitals (Royal Phnom Penh) in Phnom Penh, the upcoming mega shopping complexes (Lion City & Okide The Grand) and around 6km from both the current city center and the much talked about PPSEZ (Special Economic Zone). ย This condominium shall be a landmark of contemporary lifestyle and quality in the exciting and upcoming western district.Who is this development for? What sort of buyers?Anthony Ong: For locals & expats who want to live near where they work. Mainly, factories owners and managers located at Veng Sreng Boulevard and the Phnom Penh Special Economic Zone. Locals who want to enjoy quality and contemporary living and cannot afford the high prices in the city center. Investors who understand how all developing countries progress and potential of growth near the airport.Talk me through the main features; why should a new home buyer consider this development?Anthony Ong: Axis Residences features Eight (10-storey) blocks comprising 566 freehold residential units and >566 carpark lots โ€“ the only condominium in Cambodia that features a car park lot for every single unit.AXIS will be set amid lush greenery and fitted with full condo amenities โ€“ truly Singapore Garden City Style. All units are either North or South facing without direct sunlight and facing the pool of golden reflection as the sun rises and set. ย AXIS is also the first Cambodia development with full condo Facilities including a 50-meter swimming pool, a childrenโ€™s play pool, playgrounds, indoor and outdoor gymnasiums, tennis courts, basketball court, function rooms, BBQ pits, commercial units and a grand drop-off porch among others. ย AXIS is conceptualised, designed and managed by SPRING CJW Development Pte Ltd and the team of Singapore Consultants; project managed and construction managed by SANWAH Project Management Pte Ltd (SANWAH) - design from AGA Architects Pte Ltd (architect), ICON LLP (M&E Engineer) & KCL Consultants Pte Ltd (Structural Engineer). [caption id="attachment_81534" align="alignleft" width="488"] Anthony Ong, director of the Axis Residences project[/caption] What is the quality of the builder, architect, finishes?Anthony Ong: AXIS is conceptualised, designed and managed by SPRING CJW Development Pte Ltd and the team of Singapore Consultants; project managed and construction managed by SANWAH Project Management Pte Ltd (SANWAH) - design from AGA Architects Pte Ltd (architect), ICON LLP (M&E Engineer) & KCL Consultants Pte Ltd (Structural Engineer).What types of units are available, at what price ranges?Anthony Ong: With a range of design-centric 1, 2, 3, and 4-bedroom homes, you will be spoilt for choice as you take in panoramic views of Phnom Penhโ€™s ever-changing city landscape and property boom. Our top-notch flooring, finishing and fittings as well as kitchen appliances and gadgets have also been carefully chosen to cater to the most discerning of tastes and the most impeccable of standards. At Axis Residences, you and your loved ones will lack for nothing here, so come on by and ask us about your new homes today. Pricing starting from $96,852.What investment potential is there?Anthony Ong: We are proud to assure that AXIS units are very competitively priced and is an absolute value for money โ€“ either for short term turnaround investment or long term investment gains/ leasing gains. i.e. AXIS has the unique benefits of both short term and long term investment gain. A short term investment gain is when the property is purchased at a โ€œhotโ€ area i.e. at city center โ€“ investment price is high and the turnaround needs to be quick before the area cools and congest. ย A long term investment gain is when a property is purchased at areas anticipated to be developed. ย The waiting time will be longer although the potential gain is high. ย AXIS RESIDENCES is located near the city center and is now in the heart of a booming district, the future city center and is being offered at a very attractive price; the potential gains to be made is thus tremendous and a choice consideration for all investors.How does this development stand out against the rest?Anthony Ong: 40% of the land are being used for landscape and facilities. You donโ€™t see that in Cambodia as most developers would view it as a waste of cost. Having more car parks than units is also not common in Cambodia context. Axis Residences being the first and the only one condominium in Cambodia that incorporates features to harness green energy to provide stable electrical supply and at the same time reducing utility and maintenance cost for all residents.
Century 21 Ranks in the World's Top 20 Brands!
Century 21 Ranks in the World's Top 20 Brands!
June 6, 2022, 5:05 p.m.
Realestate News
This past January, American-based consultancy firm Franchise Direct, which monitors the growth and success of franchises globally, released their top 100 rankings for 2016. International real estate conglomerate Century 21 was listed at number 20, outpacing by a wide margin other real estate giants like Re/Max, Coldwell Banker Residential, and Engel &Vรถlkers, which ranked respectively at 45, 60 and 89.Grace Rachny Fong, Learning Director at Century 21 Cambodia, said the American-based franchise first came to the Kingdom in 2014 with the business model of establishing 21 affiliates. While the companyโ€™s expansion is still growing, she said โ€œas of now, Century 21 Cambodia has 12 affiliate offices in Cambodia, and they are all doing business well and efficiently.โ€ She continued that the number of local real estate companies that have signed up for franchise rights is higher than 12, and those who are in the process of taking on the Century 21 logo will kick off operations soon. โ€œAccording to our plan, 2016 will be the year that the brand strengthens business efficiency with all of our branches, and in doing so we are planning to conduct many training seminars this year,โ€ she said. Meanwhile, Century 21 Cambodia has been able to bring international affiliates into the local property business. Most recently, Japan-based Century 21 Fuji Housing, which has successfully operated in Japan for 22 years, will provide technical support to their Cambodian partners. โ€œFuji Housing will join as a personal advisor for Century 21 Cambodia, and they will take part in designing training seminars for all of our branches in Cambodia,โ€ she said. After explaining about the new experiences that her team will acquire from their Japanese counterpart, Fong expressed optimism in 2016โ€™s growth. โ€œThis year, we will gain new experience and operating procedures from our neighboring partner. We canโ€™t overlook those excellent tips. At the same time we will combine [their knowledge] with the special features of Cambodiaโ€™s market.โ€ Kuy Vat, Chairman of Century 21 Cambodia, said that the time for Century 21โ€™s entrance in Cambodia could not be more aptly timed. โ€œThe real estate market has evolved immensely these past few years, so it needs professional and ethical real estatepractitioners,โ€ he said. With a world-renowned brand name, he explained that Century 21 can only make the Cambodian market more attractive, โ€œwhich in turn speeds up development while showing that we are a renowned international company that has the confidence of international developers.โ€ While Ken Lo, CEO at Century 21 Imperial Realty, echoed his partnersโ€™ beliefs, he also said that being part of Century 21 makes it easier to conduct business abroad. โ€œWhatโ€™s even more important is that weโ€ฆgain legal advice on the local and international markets. If we need to do business abroad, we only need to enter our companyโ€™s name and our products onto the Century 21 webpage. [Once registered], our company can be viewed by the 78 countries that have Century 21,โ€ he said. โ€œThe best advantage of being part of Century 21is that all companies using the franchise rights operate under the same roof; cooperating and helping each other all the time. In addition to that, we do not have a conflict regarding the profits generated. This is the culture of Century 21.โ€
Cambodia Property Awards 2016 winners revealed
Cambodia Property Awards 2016 winners revealed
June 6, 2022, 5:04 p.m.
Realestate News
The winners of the first-ever Cambodia Property Awards have been announced at the gala dinner and awards ceremony hosted at the Sofitel Phnom Penh Phokeethra on 25 FebruaryFive awards for Borey Penghuoth Group, including Best Developer, Best Housing Development and Special Recognition in CSRThe Olympia City Development Co Ltd wins Best Mixed-Use Development award and two Highly CommendedReal Estate Personality of the Year is awarded to Rithy Sear, Chairman of Worldbridge Land (Cambodia) Co LtdUrbanland Asia Investment Co Ltd wins Best Condo Development (Central Phnom Penh) for Embassy Residences15 developers rewarded in all categoriesPHNOM PENH, Cambodia โ€“ 25 February 2016Borey Penghuoth Group, the eveningโ€™s most-nominated company, took home five awards, winning in all the categories in which it was shortlisted, including Best Developer (Cambodia). The 10-year-old firm beat Overseas Cambodian Investment Corporation Ltd (OCIC) to scoop the biggest accolade of the evening.The Phnom Penh-based group also won the Special Recognition in Corporate Social Responsibility for its initiatives in building modern housing for the people of Cambodia and participating in the social reconstruction of the nation following decades of civil wars.โ€œWeโ€™re very happy for these awards. Weโ€™re thankful for a stable government that we can have a competition like this. Borey Penghouth Group just wants to build quality houses and create happiness for the people as part of our company slogan,โ€ said Thay Chea Houth, the groupโ€™s president. โ€œWe will do our best to build and maintain our reputation so we can compete again at the Cambodia Property Awards. We see a very good future for the Cambodian property sector.โ€Borey Penghuoth Group won Best Residential Development (Cambodia) category Grand Star Platinum, which faced stiff competition from Olympia City, the multi-use residential condominium project of The Olympia City Development Co Ltd that earned a total of three nominations and won the Best Mixed-Use Development award, and Urbanland Asia Investment Co Ltdโ€™s award-winning condo development Embassy Residences.Attended by about 300 leading industry figures and VIPs, including the Secretary of the State Ministry of Land Management, Urbanisation and Construction, His Excellency Dr. Pen Sophal, representative of His Excellency Senior Minister Im Chhun Lim, who praised the achievements of the Cambodian property and construction industries during the keynote speech.Thirteen awards were given to the best developers and developments in Cambodia, which now have the stamp of approval from the Asia Property Awards, the largest and most respected industry event in the region.Simon Griffiths, associate director of CBRE Cambodia, who led the judging panel, said the inaugural Cambodia Property Awards set a precedent for developers to continue with their innovations and fill the gaps in the local real estate market by designing and building high quality developments in office, retail, hotel, residential and other segments.โ€œWhat will become a more exciting time for Cambodia is when the developers really start to differentiate within sectors โ€“ and that has yet to come in most sectors โ€“ so there are definitely more exciting times ahead,โ€ he said.The Winners and Highly Commended were all chosen by an independent panel of judges of leading experts from all fields of the industry, after a fair and transparent, six-month nomination and judging process supervised by BDO, one of the worldโ€™s largest accounting firms.One of the highlights of the night was the presentation of the Real Estate Personality of the Year award to property and e-commerce entrepreneur Rithy Sear. Selected by the editors of Property Report, Asiaโ€™s industry-leading magazine, it was the only award not selected by the judging panel.Sear, chairman of Worldbridge Land, is one of the driving forces behind the ambitious, upscale, mixed-use development by the Oxley Gem (Cambodia) joint venture in Phnom Penh. โ€œBeing selected as the first-ever Real Estate Personality of the Year in Cambodia is one of the most important moments in my business adventure,โ€ he said. โ€œI have always been passionate in bringing refreshing concepts and vibrancy to the property market in Cambodia... being recognised in the industry is an extraordinary moment.โ€The Best of the Best winners will be heading to Singapore in November to compete at the grand finals of the South East Asia Property Awards 2016 with their peers from seven ASEAN markets.Full list of Winners and Highly Commended at the Cambodia Property Awards 2016:Best Developer:ย  Winner: Borey Penghouth Group Highly Commended:ย Overseas Cambodian Investment Corporation Ltd (OCIC)Special Recognition in CSR: Winner: Borey Penghouth GroupBest Residential Development (Cambodia): Winner: Grand Star Platinum by Borey Penghouth GroupBest Condo Development (Central Phnom Penh) Winner: Embassy Residences by Urbanland Asia Investment Co Ltd Highly Commended:ย De Castle Royal by Nuri D&C Co Ltd;ย Olympia City by The Olympia City Development Co Ltd;ย Skylar by Meridian;ย TK Royal One by TC Royal Manor Co LtdBest Condo Development (Greater Phnom Penh): Winner: Bodaiju Residences by Torreya Asset Holdings Co Ltd Highly Commended:ย Axis Residences by Spring CJW Development Pte LtdBest Housing Development (Phnom Penh): Winner: Grand Star Platinum by Borey Penghouth Group Highly Commended:ย Elite Town by Elite Town Development Co Ltd,ย Orkide Villa The Grand, Phnom Penh, Cambodia by Orkide Villa Co LtdBest Mixed-Use Development: Winner: Olympia City by The Olympia City Development Co Ltd Highly Commended:ย TK Royal One by TC Royal Manor Co LtdBest Hotel Development : Winner: Courtyard by Marriott, Siem Reap by Grand Lion Group Best Serviced Apartment: Winner: Maline by Maline Apartments Co LtdBest Residential Architectural Design (Low-Rise): Winner: Grand Star Platinum by Borey Penghouth Group Highly Commended:ย Bodaiju Residences by Torreya Asset Holdings Co Ltd,ย Olympia City by The Olympia City Development Co Ltd,ย Condoย 240 by Street 240 Development Co LtdBest Residential Architectural Design (High-Rise): Winner: Embassy Central by Urbanland Central BKK Co Ltd Highly Commended:ย Embassy Residences by Urbanland Asia Investment Co Ltd,ย TK Royal One by TC Royal Manor Co LtdBest Hotel Interior Design: Winner: Courtyard by Marriott, Siem Reap by Grand Lion Group Real Estate Personality of the Year: Rithy Sear,ย Chairman, Worldbridge Land (Cambodia) Co Ltdโ€œWe congratulate all the Winners and Highly Commended of the Cambodia Property Awards, the latest addition to our prestigious Asia Property Awards programme in ASEANโ€ said Terry Blackburn, founder of the Asia Property Awards and publisher of Asiaโ€™s industry leading Property Report magazine. โ€œWhile Cambodia is still a small market, it is quickly emerging and definitely deserving of international recognition, and thatโ€™s why weโ€™re here. We are grateful to all the developers, sponsors and partners who have participated this year and we look forward to a bigger awards gala in 2017.โ€
Cambodia Property Awards Winners Announced
Cambodia Property Awards Winners Announced
June 6, 2022, 5:05 p.m.
Realestate News
Congratulations to all theย Winners at the Cambodia Property Awards 2016, held last night at the Sofitel Phokeethra, Phnom Penh. Realestate.com.kh is proud to have supported such an iconic event, and a crossroads for the Cambodian real estate development industry.ย Best Developer:ย Winner: Borey Penghouth GroupHighly Commended:ย Overseas Cambodian Investment Corporation Ltd (OCIC)Special Recognition in CSR:Winner: Borey Penghouth GroupBest Residential Development (Cambodia):Winner: Grand Star Platinum by Borey Penghouth GroupBest Condo Development (Central Phnom Penh)Winner: Embassy Residences by Urbanland Asia Investment Co LtdHighly Commended:ย De Castle Royal by Nuri D&C Co Ltd;ย Olympia City by The Olympia City Development Co Ltd;ย Skylar by Meridian;ย TK Royal One by TC Royal Manor Co LtdBest Condo Development (Greater Phnom Penh):Winner: Bodaiju Residences by Torreya Asset Holdings Co LtdHighly Commended:ย Axis Residences by Spring CJW Development Pte LtdBest Housing Development (Phnom Penh):Winner: Grand Star Platinum by Borey Penghouth GroupHighly Commended:ย Elite Town by Elite Town Development Co Ltd,ย Orkide Villa The Grand, Phnom Penh, Cambodia by Orkide Villa Co LtdBest Mixed-Use Development:Winner: Olympia City by The Olympia City Development Co LtdHighly Commended:ย TK Royal One by TC Royal Manor Co LtdBest Hotel Development :Winner: Courtyard by Marriott, Siem Reap by Grand Lion GroupBest Serviced Apartment:Winner: Maline by Maline Apartments Co LtdBest Residential Architectural Design (Low-Rise):Winner: Grand Star Platinum by Borey Penghouth GroupHighly Commended:ย Bodaiju Residences by Torreya Asset Holdings Co Ltd,ย Olympia City by The Olympia City Development Co Ltd,ย Condoย 240 by Street 240 Development Co LtdBest Residential Architectural Design (High-Rise):Winner: Embassy Central by Urbanland Central BKK Co LtdHighly Commended:ย Embassy Residences by Urbanland Asia Investment Co Ltd,ย TK Royal One by TC Royal Manor Co LtdBest Hotel Interior Design:Winner: Courtyard by Marriott, Siem Reap by Grand Lion GroupReal Estate Personality of the Year:Rithy Sear,ย Chairman, Worldbridge Land (Cambodia) Co Ltd
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May 12, 2023, 7:39 a.m.
Realestate News
(แž‚แž˜แŸ’แžšแŸ„แž„แž”แžปแžšแžธ แž›แž“ แžŸแŸŠแžธแž’แžธ)ย แž“แŸ…แž”แŸ’แžšแž‘แŸแžŸแž€แž˜แŸ’แž–แžปแž‡แžถ แžœแžทแžŸแŸแž™แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž€แŸ†แž–แžปแž„แž‘แžถแž€แŸ‹แž‘แžถแž‰แžœแžทแž“แžทแž™แŸ„แž‚แžทแž“แž‘แžถแŸ†แž„แž€แŸ’แž“แžปแž„แžŸแŸ’แžšแžปแž€ แž“แžทแž„แž€แŸ’แžšแŸ…แžŸแŸ’แžšแžปแž€ แžŠแŸ„แž™แžŸแžถแžšแžขแŸ’แž“แž€แž‘แžถแŸ†แž„แž“แŸแŸ‡แž”แžถแž“แž˜แžพแž›แžƒแžพแž‰แž–แžธแžŸแž€แŸ’แžแžถแž“แžปแž–แž›แžŸแŸแžŠแŸ’แž‹แž€แžทแž…แŸ’แž…แžšแž”แžŸแŸ‹แž”แŸ’แžšแž‘แŸแžŸแž€แž˜แŸ’แž–แžปแž‡แžถแž€แŸ’แž“แžปแž„แžšแž™แŸˆแž–แŸแž›แž”แŸ‰แžปแž“แŸ’แž˜แžถแž“แž†แŸ’แž“แžถแŸ†แž…แžปแž„แž€แŸ’แžšแŸ„แž™แž“แŸแŸ‡แŸ”โ€‹แž‚แž˜แŸ’แžšแŸ„แž„แžŸแžถแž„แžŸแž„แŸ‹แž‡แžถแž…แŸ’แžšแžพแž“แž”แžถแž“แž”แž‰แŸ’แž…แž”แŸ‹ แžแžŽแŸˆแž‚แž˜แŸ’แžšแŸ„แž„แž‡แžถแž…แŸ’แžšแžพแž“แž€แŸ†แž–แžปแž„แžŸแžถแž„แžŸแž„แŸ‹ แžแŸ’แž›แŸ‡แž€แŸ†แž–แžปแž„แž…แžถแž”แŸ‹แž•แŸ’แžแžพแž˜ แž“แžทแž„แžแŸ’แž›แŸ‡แž‘แŸ€แžแžŸแŸ’แžแžทแžแž€แŸ’แž“แžปแž„แž‚แž˜แŸ’แžšแŸ„แž„แžŸแžถแž„แžŸแž„แŸ‹แŸ”แž‚แž˜แŸ’แžšแŸ„แž„แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“แž”แŸ’แžšแž—แŸแž‘แž•แŸ’แž‘แŸ‡แž›แŸ’แžœแŸ‚แž„ แž”แžปแžšแžธย  แžœแžธแžกแžถแž€แžผแž“แž€แžถแžแŸ‹ แžœแžธแžกแžถแž‘แŸ„แž› แžœแžธแžกแžถแž—แŸ’แž›แŸ„แŸ‡ แž“แžทแž„แž•แŸ’แž‘แŸ‡แž›แŸ’แžœแŸ‚แž„แžขแžถแž‡แžธแžœแž€แž˜แŸ’แž˜แž”แžถแž“แž“แžนแž„แž€แŸ†แž–แžปแž„แž‘แžถแž€แŸ‹แž‘แžถแž‰ แž“แžทแž„แž‡แžถแž‘แžธแž–แŸแž‰แž“แžทแž™แž˜แžšแž”แžŸแŸ‹แžขแŸ’แž“แž€แžขแž—แžทแžœแžŒแŸ’แžแž“แŸ แž“แžทแž„แž‘แžถแž€แŸ‹แž‘แžถแž‰แžขแŸ’แž“แž€แž‘แžทแž‰แž—แžถแž‚แž…แŸ’แžšแžพแž“แž“แŸ…แž”แŸ’แžšแž‘แŸแžŸแž€แž˜แŸ’แž–แžปแž‡แžถแž•แž„แžŠแŸ‚แžšแŸ”ย แž‚แŸแžƒแžพแž‰แž˜แžถแž“แž‚แž˜แŸ’แžšแŸ„แž„แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“แžแŸ’แž›แŸ‡แž”แžถแž“แž”แŸ’แžšแž€แžถแžŸแž›แž€แŸ‹แž€แŸ’แž“แžปแž„แž‚แž˜แŸ’แžšแŸ„แž„ (แž˜แžถแž“แž“แŸแž™แžแžถแž˜แžทแž“แž‘แžถแž“แŸ‹แž˜แžถแž“แžŸแž€แž˜แŸ’แž˜แž—แžถแž–แžŸแžถแž„แžŸแž„แŸ‹แž“แŸ…แžกแžพแž™แž‘แŸ) แž แžพแž™แž‚แž˜แŸ’แžšแŸ„แž„แžแŸ’แž›แŸ‡แž€แŸแž˜แžถแž“แžŸแžถแž„แŸ‹แžŸแž„แŸ‹แž‡แžถแž•แŸ’แž‘แŸ‡แž‚แž˜แŸ’แžšแžผ แžšแžฝแž…แž‘แžพแž”แž”แŸ’แžšแž€แžถแžŸแž›แž€แŸ‹แž‡แžผแž“แžขแŸ’แž“แž€แž‘แžทแž‰ แž…แŸ†แžŽแŸ‚แž€แž‚แž˜แŸ’แžšแŸ„แž„แžแŸ’แž›แŸ‡แž‘แŸ€แžแžŸแžถแž„แžŸแž„แŸ‹แž”แžŽแŸ’แžแžพแžšแž›แž€แŸ‹แž”แžŽแŸ’แžแžพแžš แžŠแžพแž˜แŸ’แž”แžธแž•แŸ’แžแž›แŸ‹แž‘แŸ†แž“แžปแž€แž…แžทแžแŸ’แžแžŠแž›แŸ‹แžขแžแžทแžแžทแž‡แž“(แžขแŸ’แž“แž€แž‘แžทแž‰)แŸ”ย แž‘แŸ„แŸ‡แž‡แžถแž˜แžพแž›แžƒแžพแž‰แžแžถแž˜แžถแž“แžšแžผแž”แž—แžถแž–แž•แŸ’แžŸแŸแž„แŸ—แž‚แŸ’แž“แžถแž“แŸƒแž€แžถแžšแž”แŸ’แžšแž€แžถแžŸแž›แž€แŸ‹แž‚แž˜แŸ’แžšแŸ„แž„แž‘แžถแŸ†แž„แž“แŸแŸ‡ แž”แŸ‰แžปแž“แŸ’แžแŸ‚แž‚แž˜แŸ’แžšแŸ„แž„แž“แžธแž˜แžฝแž™แŸ—แžแŸ‚แž„แžแŸ‚แž˜แžถแž“แž€แžถแžšแž‚แžถแŸ†แž‘แŸ’แžš แž“แžทแž„แž”แž‰แŸ’แž‡แžถแž‘แžทแž‰แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“แž–แžธแžขแžแžทแžแžทแž‡แž“แž‚แŸ’แžšแžถแž“แŸ‹แžแŸ‚แž˜แžถแž“แž…แŸ†แž“แžฝแž“แžแžทแž… แžฌแž…แŸ’แžšแžพแž“ แžขแžถแžŸแŸ’แžšแŸแž™แž‘แŸ…แžแžถแž˜แž›แž€แŸ’แžแžแžŽแŸ’แžŒ แž“แžทแž„แž‘แŸ†แž“แžปแž€แž…แžทแžแŸ’แžแžšแž”แžŸแŸ‹แžขแžแžทแžแžทแž‡แž“แŸ”ย แž€แžถแžšแž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž€แŸ’แž“แžปแž„แž‚แž˜แŸ’แžšแŸ„แž„ (แž•แŸ’แž‘แŸ‡แž˜แžทแž“แž‘แžถแž“แŸ‹แžŸแžถแž„แžŸแž„แŸ‹แž แžพแž™) แž‚แžบแž‡แžถแžšแžฟแž„แž˜แžฝแž™แžŠแŸ‚แž›แžขแžแžทแžแžทแž‡แž“แžแŸ’แžšแžผแžœแžแŸ‚แž˜แžถแž“แž€แžถแžšแž–แžทแž…แžถแžšแžŽแžถแžแŸ’แž–แžŸแŸ‹แž˜แžปแž“แž“แžนแž„แžŸแž˜แŸ’แžšแŸแž…แž…แžทแžแŸ’แžแž‘แžทแž‰แž–แžธแž–แŸ’แžšแŸ„แŸ‡แžœแžถแžขแžถแž…แž˜แžถแž“แž แžถแž“แžทแž—แŸแž™แž…แŸ’แžšแžพแž“แž‡แžถแž„แž€แžถแžšแž‘แžทแž‰แž•แŸ’แž‘แŸ‡แžŠแŸ‚แž›แž”แž‰แŸ’แž…แž”แŸ‹แž€แžถแžšแžŸแžถแž„แžŸแž„แŸ‹แžšแžฝแž… แžฌแž•แŸ’แž‘แŸ‡แžŠแŸ‚แž›แž”แŸ’แžšแž€แžถแžŸแž›แž€แŸ‹แž”แž“แŸ’แžแŸ”ย แžขแŸ’แž“แž€แž‘แžทแž‰แž˜แžฝแž™แž…แŸ†แž“แžฝแž“แž”แŸ’แžšแŸ€แž”แž’แŸ€แž”แž€แžถแžšแž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž€แŸ’แž“แžปแž„แž‚แž˜แŸ’แžšแŸ„แž„แž‘แŸ…แž“แžนแž„แž€แžถแžšแž”แž„แŸ‹แžŸแŸ†แžŽแžถแž‰แŸ‹แž€แŸ’แž“แžปแž„แž‘แž“แŸ’แž›แŸ แžŠแŸ‚แž›แž–แŸแž›แžแŸ’แž›แŸ‡แžขแžถแž…แž”แžถแž“แžแŸ’แžšแžธ แžฌแžขแžถแž…แž˜แžทแž“แž”แžถแž“แžแŸ’แžšแžธแŸ” แžŠแŸ„แž™แžŸแžถแžšแžแŸ‚แž…แŸ’แž”แžถแž”แŸ‹แž‘แŸ†แž›แžถแž”แŸ‹แž€แŸ’แž“แžปแž„แžœแžทแžŸแŸแž™แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸ…แž’แžผแžšแž›แžปแž„ แž€แžถแžšแžขแž“แžปแžœแžแŸ’แžแž…แŸ’แž”แžถแž”แŸ‹แž€แŸแž“แŸ…แž˜แžถแž“แž€แž˜แŸ’แžšแžทแžแž’แŸ’แžœแžพแžฒแŸ’แž™แžขแŸ’แž“แž€แžขแž—แžทแžœแžŒแŸ’แžแž“แŸแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž˜แžฝแž™แž…แŸ†แž“แžฝแž“แž†แŸ’แž›แŸ€แžแžฑแž€แžถแžŸแž€แŸแž„แž…แŸ†แžŽแŸแž‰แžแžถแž˜แžšแž™แŸˆแž€แžถแžšแžขแž—แžทแžœแžŒแŸ’แžแž‚แž˜แŸ’แžšแŸ„แž„แžแŸ’แž™แž›แŸ‹ แžฌแž‚แž˜แŸ’แžšแŸ„แž„แž˜แžทแž“แž…แŸ’แž”แžถแžŸแž›แžถแžŸแŸ‹แž‚แž˜แŸ’แžšแŸ„แž„แž˜แžทแž“แžŸแŸ’แžšแž”แž…แŸ’แž”แžถแž”แŸ‹ แž‚แž˜แŸ’แžšแŸ„แž„แž˜แžทแž“แž˜แžถแž“แžŸแŸ’แžแž„แŸ‹แžŠแžถแžšแžแŸ’แžšแžนแž˜แžแŸ’แžšแžผแžœแŸ” แž‡แžถแž›แž‘แŸ’แž’แž•แž›แž‘แž„แŸ’แžœแžพแž‘แžถแŸ†แž„แž“แŸแŸ‡แžขแžถแž…แž‡แŸ‡แžฅแž‘แžทแŸ’แž’แž–แž›แžŠแž›แŸ‹แžขแŸ’แž“แž€แž‘แžทแž‰แŸ”แžแžถแž„แž€แŸ’แžšแŸ„แž˜แž“แŸแŸ‡ Realestate.com.kh แž“แžนแž„แž›แžพแž€แž™แž€แž–แžธแž—แžถแž–แžแžปแžŸแž‚แŸ’แž“แžถแž“แŸƒแž€แžถแžšแž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž€แŸ’แž“แžปแž„แž‚แž˜แŸ’แžšแŸ„แž„ แž“แžทแž„แž€แžถแžšแž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŠแŸ‚แž›แžŠแžถแž€แŸ‹แž›แž€แŸ‹แž”แž“แŸ’แž แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž‡แžถแž€แžถแžšแž‡แŸ†แž“แžฝแž™แžŸแŸ’แž˜แžถแžšแžแžธแž‘แŸ…แžŠแž›แŸ‹แžขแŸ’แž“แž€แžŠแŸ‚แž›แž˜แžถแž“แž”แŸ†แžŽแž„แž…แž„แŸ‹แž‘แžทแž‰แž•แŸ’แž‘แŸ‡แŸ”แž€แžถแžšแž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž€แŸ’แž“แžปแž„แž‚แž˜แŸ’แžšแŸ„แž„ (Buying Off Plan)แŸ–(แž‚แž˜แŸ’แžšแŸ„แž„แžแžปแž“แžŠแžผ Condo L Boeung Tompun)แžŠแžผแž…แžŠแŸ‚แž›แžขแŸ’แž“แž€แž”แžถแž“แžŠแžนแž„แž แžพแž™แžแžถ แž€แžถแžšแžขแž—แžทแžœแžŒแŸ’แžแž‚แž˜แŸ’แžšแŸ„แž„แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸ…แž”แŸ’แžšแž‘แŸแžŸแž€แž˜แŸ’แž–แžปแž‡แžถแž˜แžถแž“แžšแžผแž”แž—แžถแž–แž•แŸ’แžŸแŸแž„แŸ—แž‚แŸ’แž“แžถ แž‘แžถแŸ†แž„แž‚แž˜แŸ’แžšแŸ„แž„แžแžผแž… แž‚แž˜แŸ’แžšแŸ„แž„แž˜แž’แŸ’แž™แž˜ แž“แžทแž„แž‚แž˜แŸ’แžšแŸ„แž„แž’แŸ†แŸ” แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž‚แž˜แŸ’แžšแŸ„แž„แžแŸ’แž“แžถแžแž˜แž’แŸ’แž™แž˜ แž“แžทแž„แž’แŸ† แž—แžถแž‚แž…แŸ’แžšแžพแž“แž”แŸ†แž•แžปแžแž‚แžบแž˜แžปแž“แž–แŸแž›แž”แŸ’แžšแž€แžถแžŸแž›แž€แŸ‹แž™แŸ‰แžถแž„แž แŸ„แž…แžŽแžถแžŸแŸ‹แž€แŸแžแŸ’แžšแžผแžœแžแŸ‚แž˜แžถแž“ แž•แŸ’แž‘แŸ‡แž‚แž˜แŸ’แžšแžผแžŸแžถแž„แžŸแž„แŸ‹แžšแžฝแž…แž‡แžถแžŸแŸ’แžšแŸแž…แžฒแŸ’แž™แžขแžแžทแžแžทแž‡แž“แž…แžผแž›แž˜แžพแž› แž–แŸแž›แž”แŸ’แžšแž€แžถแžŸแž”แžพแž€แž›แž€แŸ‹แž‚แž˜แŸ’แžšแŸ„แž„ แžŠแžพแž˜แŸ’แž”แžธแž•แŸ’แžแž›แŸ‹แž‘แŸ†แž“แžปแž€แž…แžทแžแŸ’แžแžŠแž›แŸ‹แžขแžแžทแžแžทแž‡แž“แŸ” แž‘แŸ„แŸ‡แž‡แžถแž™แŸ‰แžถแž„แžŽแžถแž“แŸ…แžแŸ‚แž˜แžถแž“แž‚แž˜แŸ’แžšแŸ„แž„แžแŸ’แž›แŸ‡ แž”แŸ’แžšแž€แžถแžŸแž›แž€แŸ‹แž‡แžผแž“แžขแžแžทแžแžทแž‡แž“แžŠแŸ„แž™แž˜แžทแž“แž‘แžถแž“แŸ‹แž˜แžถแž“แž•แŸ’แž‘แŸ‡แž‚แž˜แŸ’แžšแžผ แžฌแž‘แžพแž”แžแŸ‚แž”แžปแž€แž‚แŸ’แžšแžนแŸ‡แž‡แžถแžŠแžพแž˜ แž“แŸแŸ‡แžขแžถแž…แžŠแŸ„แž™แžŸแžถแžšแžแŸ‚แž‚แž˜แŸ’แžšแŸ„แž„แž‡แžถแž‚แž˜แŸ’แžšแŸ„แž„แžแŸ’แž“แžถแžแžแžผแž… แžแŸ’แžœแŸ‡แž‘แžปแž“ แžฌแž˜แŸ’แž…แžถแžŸแŸ‹แž‚แž˜แŸ’แžšแŸ„แž„แž˜แžทแž“แž…แž„แŸ‹แžšแž„แŸ‹แž…แžถแŸ†แžšแž แžผแžแžŠแž›แŸ‹แž•แŸ’แž‘แŸ‡แž‚แž˜แŸ’แžšแžผแžŸแžถแž„แžŸแž„แŸ‹แžšแžฝแž…แž‡แžถแžŠแžพแž˜โ€‹แŸ”แž€แžถแžšแž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž€แŸ’แž“แžปแž„แž‚แž˜แŸ’แžšแŸ„แž„ แž‚แžบแž‡แžถแžšแžฟแž„แž”แŸ’แžšแžแžปแž™แž”แŸ’แžšแžแžถแž“แž˜แžฝแž™แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž”แž‘แž–แžทแžŸแŸ„แž’แž“แŸแž“แŸ…แž”แŸ’แžšแž‘แŸแžŸแž€แž˜แŸ’แž–แžปแž‡แžถ แžŠแŸ„แž™แžŸแžถแžšแžขแŸ’แž“แž€แž‘แžทแž‰แž˜แžทแž“แžขแžถแž…แž”แŸ†แž–แŸแž‰แž€แŸ’แžแžธแžŸแŸ’แžšแž˜แŸƒแžšแž”แžŸแŸ‹แžแŸ’แž›แžฝแž“แž”แžถแž“แž—แŸ’แž›แžถแž˜แŸ—แž‘แŸ แžŠแŸ„แž™แžแŸ’แžšแžผแžœแžšแž„แŸ‹แž…แžถแŸ†แž€แŸ’แž“แžปแž„แžšแž™แŸˆแž–แŸแž› แž˜แžฝแž™แžŠแŸ‚แž›แž”แžถแž“แž–แŸ’แžšแž˜แž–แŸ’แžšแŸ€แž„ แž“แžทแž„แž˜แžถแž“แž…แŸ‚แž„แž€แŸ’แž“แžปแž„แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแž‘แžทแž‰แž›แž€แŸ‹แž•แŸ’แž‘แŸ‡แž“แŸ„แŸ‡แŸ” แž‡แžถแž‘แžผแž‘แŸ… แžšแž™แŸˆแž–แŸแž›แžŸแžถแž„แžŸแž„แŸ‹แž˜แžถแž“แž…แž“แŸ’แž›แŸ„แŸ‡แž–แžธ แŸกแŸข แžแŸ‚ แž‘แŸ… แŸกแŸจ แžแŸ‚ แžขแžถแžŸแŸ’แžšแŸแž™แž‘แŸ…แžแžถแž˜แž‚แž˜แŸ’แžšแŸ„แž„แž“แžธแž˜แžฝแž™แŸ—แŸ”ย แž‘แŸ„แŸ‡แž™แŸ‰แžถแž„แžŽแžถแžขแŸ’แž“แž€แž‘แžทแž‰แž“แžนแž„แž‘แž‘แžฝแž›แž”แžถแž“แž…แŸ†แžŽแžปแž…แž›แŸ’แžขแŸ—แž–แžธแžšแž™แŸ‰แžถแž„ย แž‘แžธแž˜แžฝแž™แŸ– แžขแŸ’แž“แž€แž‘แžทแž‰แžขแžถแž…แž‘แž‘แžฝแž›แž”แžถแž“แž•แŸ’แž‘แŸ‡แž€แŸ’แž“แžปแž„แžแž˜แŸ’แž›แŸƒแž˜แžฝแž™แžŠแŸ‚แž›แžขแžถแž…แž‘แž‘แžฝแž›แž”แžถแž“แž•แž›แž…แŸ†แžŽแŸแž‰แž–แžธแž€แžถแžšแž›แž€แŸ‹ แž”แž“แŸ’แžแž…แž“แŸ’แž›แŸ„แŸ‡ แž–แžธ แŸกแŸ % แž‘แŸ… แŸฃแŸ % แž“แŸ…แž–แŸแž›แž•แŸ’แž‘แŸ‡แžŸแž„แŸ‹แžšแžฝแž… แžŠแŸ„แž™แž แŸแžแžปแžแžถ แž•แŸ’แž‘แŸ‡แž›แž€แŸ‹แž€แŸ’แž“แžปแž„แž‚แž˜แŸ’แžšแŸ„แž„แžแŸ‚แž„ แžแŸ‚แž›แž€แŸ‹แž€แŸ’แž“แžปแž„แžแž˜แŸ’แž›แŸƒแž‘แžถแž”แž‡แžถแž„แž‘แžธแž•แŸ’แžŸแžถแžšแž–แŸ’แžšแŸ„แŸ‡แž‚แŸแž‘แžปแž€แžฒแŸ’แž™แžขแžแžทแžแžทแž‡แž“แžขแžถแž…แž…แŸ†แžŽแŸแž‰แž–แžธแžŸแžถแž„แžŸแž„แŸ‹แžšแžฝแž…แŸ”ย แž‘แžธแž–แžธแžšแŸ– แž‚แžบแžขแŸ’แž“แž€แž‘แžทแž‰แž˜แžทแž“แž…แžถแŸ†แž”แžถแž…แŸ‹แž˜แžถแž“แž›แžปแž™แž‘แžถแŸ†แž„แžŠแžปแŸ†แž‘แŸ…แž‘แžทแž‰แž“แŸ„แŸ‡แž‘แŸ แž–แŸ„แž›แž‚แžบแžขแžแžทแžแžทแž‡แž“แžขแžถแž…แž‘แžทแž‰ แž”แž„แŸ‹แžšแŸ†แž›แŸ„แŸ‡แžŠแŸ„แž™แž˜แžถแž“แž‘แžนแž€แž”แŸ’แžšแžถแž€แŸ‹แž”แž„แŸ‹แž˜แžปแž“ แŸกแŸ % แŸขแŸ % แžฌ แŸฅแŸ % แž”แŸ‰แžปแžŽแŸ’แžŽแŸ„แŸ‡แž แžพแž™แž€แŸแž˜แžถแž“แž‚แž˜แŸ’แžšแŸ„แž„แžแŸ’แž›แŸ‡ แžขแž“แžปแž‰แŸ’แž‰แžถแžแžฒแŸ’แž™แž”แž„แŸ‹แžšแŸ†แž›แŸ„แŸ‡แžŸแžปแž‘แŸ’แž’แžŠแŸ„แž™แž˜แžทแž“แž…แžถแŸ†แž”แžถแž…แŸ‹แž”แž„แŸ‹แž˜แžปแž“แž‚แžบแžšแŸ†แž›แžŸแŸ‹แž”แŸ’แžšแž…แžถแŸ†แžแŸ‚แž™แž€แžแŸ‚แž˜แŸ’แžแž„ แŸ”แž แŸแžแžปแžŠแžผแž…แŸ’แž“แŸแŸ‡ แž˜แžปแž“แž–แŸแž›แž›แŸ„แž€แžขแŸ’แž“แž€แž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž€แŸ’แž“แžปแž„แž‚แž˜แŸ’แžšแŸ„แž„แž–แžธแž‚แž˜แŸ’แžšแŸ„แž„แžŽแžถแž˜แžฝแž™แž›แŸ„แž€แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแžแŸ‚แž”แŸ’แžšแžถแž€แžŠแžแžถ แžขแŸ’แž“แž€แž˜แžถแž“แž‚แŸ„แž›แž”แŸ†แžŽแž„แž…แž„แŸ‹แž‘แžทแž‰แž‘แžปแž€แž›แž€แŸ‹แž™แž€แž…แŸ†แžŽแŸแž‰ แžฌแžขแŸ’แž“แž€แž˜แžทแž“แž˜แžถแž“แž‘แžนแž€แž”แŸ’แžšแžถแž€แŸ‹แž‚แŸ’แžšแž”แŸ‹ แž‚แŸ’แžšแžถแž“แŸ‹แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž”แž„แŸ‹แž•แŸ’แžแžถแž…แŸ‹แž•แŸ’แž‘แŸ‡แž‘แžถแŸ†แž„แž˜แžผแž›แŸ”แž€แžถแžšแž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž€แŸ’แž“แžปแž„แž‚แž˜แŸ’แžšแŸ„แž„แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแž–แžทแž“แžทแžแŸ’แž™แž›แž€แŸ’แžแžแžŽแŸ’แžŒแžŽแŸ‚แž“แžถแŸ†แžŠแžผแž…แžแžถแž„แž€แŸ’แžšแŸ„แž˜แŸ–(แž‚แž˜แŸ’แžšแŸ„แž„ Huangshan International แž‡แžถแž‚แž˜แŸ’แžšแŸ„แž„แž›แŸ†แžŠแžถแž”แŸ‹แžแŸ’แž–แžŸแŸ‹แž“แŸ…แžแŸ†แž”แž“แŸ‹แž‘แž“แŸ’แž›แŸแž”แžถแžŸแžถแž€แŸ‹)แŸก) แž˜แžปแž“แž–แŸแž›แžขแŸ’แž“แž€แž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž–แžธแž‚แž˜แŸ’แžšแŸ„แž„แžŽแžถแž˜แžฝแž™ แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแžŸแŸ’แž‚แžถแž›แŸ‹แž‚แž˜แŸ’แžšแŸ„แž„แž“แŸ„แŸ‡แžฒแŸ’แž™แž…แŸ’แž”แžถแžŸแŸ‹แž‡แžถแž˜แžปแž“ แžฌแžŸแŸ’แž‚แžถแž›แŸ‹แžŸแžœแžแžถแžšแž”แžŸแŸ‹แžขแŸ’แž“แž€แžขแž—แžทแžœแžŒแŸ’แžแž“แŸแž‚แž˜แŸ’แžšแŸ„แž„แž‡แžถแž˜แžปแž“แžŸแžทแž“ แž‡แŸ€แžŸแžœแžถแž„แž‘แžทแž‰แž…แŸ†แž‚แž˜แŸ’แžšแŸ„แž„แžแŸ’แž™แž›แŸ‹ แžฌแž‚แž˜แŸ’แžšแŸ„แž„แžŠแŸ‚แž›แž˜แžทแž“แž˜แžถแž“แž›แžปแž™แž‚แŸ’แžšแž”แŸ‹แž‚แŸ’แžšแžถแž“แŸ‹แžŠแžพแž˜แŸ’แž”แžธแž”แž‰แŸ’แž…แž”แŸ‹แž‚แž˜แŸ’แžšแŸ„แž„แŸ” แž€แŸ’แžšแŸ…แž–แžธแž“แŸแŸ‡แžแŸ’แžšแžผแžœแž˜แžพแž›แžแžถแžแžพ แž‚แž˜แŸ’แžšแŸ„แž„แž˜แžถแž“แž—แžถแž–แž…แŸ’แž”แžถแžŸแŸ‹แž›แžถแžŸแŸ‹แžŸแŸ’แžšแž”แž…แŸ’แž”แžถแž”แŸ‹ แž˜แžถแž“แžŸแž€แŸ’แžแžถแž“แžปแž–แž› แž“แžทแž„แžŸแŸ’แžแžทแžแž“แŸ…แž€แŸ’แž“แžปแž„แž‘แžธแžแžถแŸ†แž„แž›แŸ’แžข (แžแŸ†แž”แž“แŸ‹แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“ แžฌแžแŸ†แž”แž“แŸ‹แž–แžถแžŽแžทแž‡แŸ’แž‡แž€แž˜แŸ’แž˜) แžŠแŸ‚แž›แžฌแž‘แŸ? แž…แŸ†แžŽแžปแž…แž“แŸแŸ‡แžขแŸ’แž“แž€แžขแžถแž…แž–แžนแž„แž–แžถแž€แŸ‹แž˜แŸแž’แžถแžœแžธ แžฌแžขแŸ’แž“แž€แž…แŸ’แž”แžถแž”แŸ‹ แžฌแž—แŸ’แž“แžถแž€แŸ‹แž„แžถแžšแžฒแŸ’แž™แž‡แžฝแž™แž•แŸ’แžแž›แŸ‹แž™แŸ„แž”แž›แŸ‹แž›แžพแž€แžถแžšแž‘แžทแž‰แžšแž”แžŸแŸ‹แžขแŸ’แž“แž€ แžแžถแžแžพแžขแŸ’แž“แž€แžขแž—แžทแžœแžŒแŸ’แžแž“แŸ แž“แžทแž„แž‚แž˜แŸ’แžšแŸ„แž„แž˜แžฝแž™แž แŸ’แž“แžนแž„แž‚แžฝแžšแž‘แžทแž‰ แžฌแžขแžแŸ‹? แž‡แžฟแž‡แžถแž€แŸ‹แž”แžถแž“ แžฌแž˜แžทแž“แž”แžถแž“?แŸข) แžŠแžพแž˜แŸ’แž”แžธแž‡แŸ€แžŸแžœแžถแž„แž”แž‰แŸ’แž แžถแžแžถแž„แž›แžพ แž›แŸ„แž€แžขแŸ’แž“แž€แž‚แžฝแžšแžŸแŸ’แžœแŸ‚แž„แžšแž€แžขแŸ’แž“แž€แž‡แŸ†แž“แžถแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŠแžพแž˜แŸ’แž”แžธแžฒแŸ’แž™แž‡แžฝแž™แž–แžทแž‚แŸ’แžšแŸ„แŸ‡แž™แŸ„แž”แž›แŸ‹ แžแžถแžแžพแž‚แžฝแžšแž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž˜แžฝแž™แžŽแžถ? แž”แŸ’แžšแž—แŸแž‘แžŽแžถ? แž‘แžธแžแžถแŸ†แž„แžŽแžถ? แžแž˜แŸ’แž›แŸƒแž”แŸ‰แžปแž“แŸ’แž˜แžถแž“? แžŸแžถแž€แžŸแž˜แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž€แžถแžšแžšแžŸแŸ‹แž“แŸ… แžฌแž€แžถแžšแž”แŸ’แžšแž€แž”แžขแžถแž‡แžธแžœแž€แž˜แŸ’แž˜แž‡แžถแžŠแžพแž˜? แž‘แŸ„แŸ‡แž‡แžถแž™แŸ‰แžถแž„แžŽแžถ แž”แŸ’แžšแžŸแžทแž“แž”แžพแžขแŸ’แž“แž€ แž˜แžถแž“แž…แŸ†แžŽแŸแŸ‡แžŠแžนแž„ แž“แžทแž„แž’แŸ’แž›แžถแž”แŸ‹แž†แŸ’แž›แž„แž€แžถแžแŸ‹แž”แž‘แž–แžทแžŸแŸ„แž’แž“แŸแž‘แžถแŸ†แž„แž“แŸแŸ‡ แžขแŸ’แž“แž€แžขแžถแž…แž’แŸ’แžœแžพแž”แžถแž“แžŠแŸ„แž™แžแŸ’แž›แžฝแž“แžฏแž„แŸ”ย แŸฃ)แž–แžทแž“แžทแžแŸ’แž™แž˜แžพแž›แž•แŸ’แž›แžผแžœแž…แŸ’แž”แžถแž”แŸ‹ แž“แžทแž„แžฏแž€แžŸแžถแžšแž–แžถแž€แŸ‹แž–แŸแž“แŸ’แž’แž“แŸƒแž€แžถแžšแžขแž—แžทแžœแžŒแŸ’แžแž‚แž˜แŸ’แžšแŸ„แž„แŸ– แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแžŸแžถแž€แžŸแžฝแžš แžšแž€แž–แŸแžแŸŒแž˜แžถแž“แžฒแŸ’แž™แž…แŸ’แž”แžถแžŸแŸ‹แž›แžถแžŸแŸ‹แž–แžธแž€แžถแžšแžขแž—แžทแžœแžŒแŸ’แžแž‚แž˜แŸ’แžšแŸ„แž„แž“แŸ„แŸ‡ แžแžถแžแžพแžœแžถแžŸแŸ’แžšแž”แž…แŸ’แž”แžถแž”แŸ‹แž แžพแž™แžฌแž“แŸ…? แž˜แžถแž“แž…แŸ’แž”แžถแž”แŸ‹แžŸแžถแž„แžŸแž„แŸ‹ แžฌแž›แžทแžแžทแžแžขแž“แžปแž‰แŸ’แž‰แžถแžแž–แžธแžขแžถแž‡แŸ’แž‰แžถแž’แžš แžฌแžŸแŸ’แžแžถแž”แŸแž“แž–แžถแž€แŸ‹แž–แŸแž“แŸ’แž’แž‘แŸ? แž”แŸ’แžšแžŸแžทแž“แž”แžพแž˜แžถแž“ แž‘แžพแž”แž›แŸ„แž€แžขแŸ’แž“แž€แž‚แžฝแžšแž–แžทแž…แžถแžšแžŽแžถแž€แŸ’แž“แžปแž„แž€แžถแžšแž‘แžทแž‰แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“แž–แžธแž‚แž˜แŸ’แžšแŸ„แž„แž“แŸ„แŸ‡ แŸ”แŸค)แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถ แžฌแžšแž™แŸˆแž–แŸแž›แžŸแžถแž„แžŸแž„แŸ‹แŸ– แžœแžถแžŸแŸ†แžแžถแž“แŸ‹แžŽแžถแžŸแŸ‹ แž‚แŸ’แžšแž”แŸ‹แž–แŸแž›แžŠแŸ‚แž›แžขแŸ’แž“แž€แž‘แžทแž‰แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“ แž–แžธแž‚แž˜แŸ’แžšแŸ„แž„แžŽแžถแž˜แžฝแž™ แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแž˜แžถแž“แžŠแžถแž…แŸ‹แžแžถแžแž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแž‘แžทแž‰แž›แž€แŸ‹แž•แŸ’แž‘แŸ‡ แž แžพแž™แž€แŸ’แž“แžปแž„แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแž“แŸแŸ‡แž˜แžถแž“แž…แŸ‚แž„แž–แžธแžšแž™แŸˆแž–แŸแž›แžŸแžถแž„แžŸแž„แŸ‹แž™แŸ‰แžถแž„แž…แŸ’แž”แžถแžŸแŸ‹แž›แžถแžŸแŸ‹แž‚แžทแžแž…แžถแž”แŸ‹แž–แžธแžแŸ’แž„แŸƒแžŠแŸ‚แž›แž…แžปแŸ‡แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแž‘แžทแž‰แž›แž€แŸ‹ (แž‡แžถแž‘แžผแž‘แŸ…แžœแžถแž˜แžถแž“แžšแž™แŸˆแž–แŸแž› แŸกแŸขแžแŸ‚ แž‘แŸ… แŸกแŸจแžแŸ‚)โ€‹แŸ” แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแž–แžทแž“แžทแžแŸ’แž™แž˜แžพแž›แžฏแž€แžŸแžถแžšแž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแž‘แžทแž‰แž›แž€แŸ‹ แžฒแŸ’แž™แž”แžถแž“แž…แŸ’แž”แžถแžŸแŸ‹แž›แžถแžŸแŸ‹แž–แžถแž€แŸ‹แž–แŸแž“แŸ’แž’แž‡แžถแž˜แžฝแž™แž‘แŸ†แž แŸ†แžŠแžธ แž‘แŸ†แž แŸ†แž•แŸ’แž‘แŸ‡ แž”แŸ’แžšแž—แŸแž‘แž•แŸ’แž‘แŸ‡ แžšแž™แŸˆแž–แŸแž›แžŸแžถแž„แžŸแž„แŸ‹ แžแž˜แŸ’แž›แŸƒแž‘แžทแž‰แž›แž€แŸ‹ แž“แžทแž„แž›แž€แŸ’แžแžแžŽแŸ’แžŒแž”แž„แŸ‹แž”แŸ’แžšแžถแž€แŸ‹ แž€แžถแžšแž–แžทแž“แŸแž™ แž“แžทแž„แž›แž€แŸ’แžแžแžŽแŸ’แžŒแžขแž“แžปแžœแžแŸ’แžแž•แŸ’แžŸแŸแž„แŸ—แžšแž”แžŸแŸ‹แžขแŸ’แž“แž€แž‘แžทแž‰แŸ”ย  แž›แž€แŸ’แžแžแžŽแŸ’แžŒ แžขแž—แžทแžœแžŒแŸ’แžแž‚แž˜แŸ’แžšแŸ„แž„แžแŸ’แžšแžผแžœแž˜แžถแž“แž”แŸ’แžšแž–แŸแž“แŸ’แž’แž•แŸ’แž›แžผแžœ แž”แŸ’แžšแž–แŸแž“แŸ’แž’แž›แžผแž”แž„แŸ’แž แžผแžšแž‘แžนแž€ แž”แŸ’แžšแž–แŸแž“แŸ’แž’แž—แŸ’แž›แžพแž„ แŸ”แž›แŸ” แž‡แžถแž–แžทแžŸแŸแžŸแžขแŸ’แž“แž€แžแŸ’แžšแžผแžœ แž”แŸ’แžšแž™แŸแžแŸ’แž“แž€แŸ’แž“แžปแž„แž€แžšแžŽแžธแžŠแŸ‚แž›แžขแŸ’แž“แž€แž”แž„แŸ‹แž”แŸ’แžšแžถแž€แŸ‹แž™แžบแžแž™แŸ‰แžถแžœ แžแŸ’แžšแžผแžœแž˜แŸ’แž…แžถแžŸแŸ‹แž‚แž˜แŸ’แžšแŸ„แž„แž™แž€แž›แŸแžŸแžŠแž€แž™แž€แž•แŸ’แž‘แŸ‡แžœแžทแž‰ แž แžพแž™แž•แŸ’แžแžถแž…แŸ‹แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแŸ”แŸฅ) แž”แŸแžŽแŸ’แžŽแž€แž˜แŸ’แž˜แžŸแžทแž‘แŸ’แž’แžทแŸ– แžฅแžกแžผแžœแž“แŸแŸ‡ แž”แžพแžขแŸ’แž“แž€แž‘แžทแž‰แž•แŸ’แž‘แŸ‡ แž‚แžฝแžšแžแŸ‚แž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž–แžธแž‚แž˜แŸ’แžšแŸ„แž„แžŽแžถแž˜แžฝแž™ แžŠแŸ‚แž›แž˜แžถแž“แž”แŸ’แž›แž„แŸ‹แžšแžนแž„ แž แžพแž™แž–แŸแž›แž€แžถแžแŸ‹แž”แŸ’แž›แž„แŸ‹แž”แŸ†แž”แŸ‚แž€แž€แŸ’แž”แžถแž›แžŠแžธแž‡แžผแž“แžขแŸ’แž“แž€แž‘แžทแž‰แž€แŸแž€แžถแžแŸ‹แž‡แžถแž”แŸ’แž›แž„แŸ‹แžšแžนแž„แžŠแŸ‚แžš (แž”แŸ’แž›แž„แŸ‹แž”แŸ†แž”แŸ‚แž€แž€แŸ’แž”แžถแž›แžŠแžธ แž˜แžทแž“แž˜แŸ‚แž“ แžแŸ’แžšแžนแž˜แžƒแžปแŸ†แžŸแž„แŸ’แž€แžถแžแŸ‹ แžฌแžแžŽแŸ’แžŒแž“แŸ„แŸ‡แž‘แŸ)แŸ” แž€แŸ’แž“แžปแž„แž€แžšแžŽแžธแž˜แžถแž“แžแŸ’แžšแžนแž˜แž”แŸ’แž›แž„แŸ‹แž‘แž“แŸ‹ แžขแŸ’แž“แž€แž˜แžทแž“แž‚แžฝแžšแž‘แžทแž‰แžœแžถแž‘แŸ แž–แŸ’แžšแŸ„แŸ‡แž“แžนแž„แžขแžถแž…แž‡แžฝแž”แž”แž‰แŸ’แž แžถแŸ”แŸฆ)แž•แŸ’แž‘แŸ‡แž‚แž˜แŸ’แžšแžผแŸ– แžœแžถแž…แžถแŸ†แž”แžถแž…แŸ‹แžŽแžถแžŸแŸ‹แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž‚แž˜แŸ’แžšแŸ„แž„ แžŠแŸ‚แž›แž›แŸ„แž€แžขแŸ’แž“แž€แž…แž„แŸ‹แž‘แžทแž‰แžแŸ’แžšแžผแžœแžแŸ‚แž˜แžถแž“แž•แŸ’แž‘แŸ‡แž‚แž˜แŸ’แžšแžผ แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž˜แžพแž›แžŠแžพแž˜แŸ’แž”แžธแžฒแŸ’แž™แžขแŸ’แž“แž€แž”แŸ’แžšแžถแž€แžŠแžแžถ แžขแŸ’แž“แž€แž–แŸแž‰แž…แžทแžแŸ’แž แžฌแžขแžแŸ‹? แž“แŸแŸ‡แžšแžฝแž˜แž‘แžถแŸ†แž„แž‚แžปแžŽแž—แžถแž–แžŸแŸ†แžŽแž„แŸ‹ แž”แŸ’แžšแž—แŸแž‘แž•แŸ’แž‘แŸ‡ แž€แžถแžšแžšแž…แž“แžถแž˜แŸ‰แžผแžŠแžแžถแž„แž€แŸ’แžšแŸ… แž“แžทแž„แžแžถแž„แž€แŸ’แž“แžปแž„แŸ” แž“แŸ…แž–แŸแž›แž›แŸ„แž€แžขแŸ’แž“แž€แž˜แžพแž›แž•แŸ’แž‘แŸ‡แž‚แž˜แŸ’แžšแžผ แž แžพแž™แžขแŸ’แž“แž€แž–แŸแž‰แž…แžทแžแŸ’แž แž‘แžพแž”แžขแŸ’แž“แž€แžŸแž˜แŸ’แžšแŸแž…แž…แžทแžแŸ’แžแž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž–แžธแž‚แž˜แŸ’แžšแŸ„แž„แž“แŸ„แŸ‡แŸ” แž”แŸ‰แžปแž“แŸ’แžแŸ‚แž”แžพแžขแŸ’แž“แž€แž˜แžทแž“แž”แžถแž“แžƒแžพแž‰ แž•แŸ’แž‘แŸ‡แž‚แž˜แŸ’แžšแžผแž‘แŸ แžœแžถแž”แŸ’แžšแž แŸ‚แž›แž‡แžถแž–แžทแž”แžถแž€แžŸแž˜แŸ’แžšแžถแž”แŸ‹แžขแŸ’แž“แž€แž€แŸ’แž“แžปแž„แž€แžถแžšแžŸแŸ’แžœแŸ‚แž„แžšแž€แž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž€แŸ’แž“แžปแž„แž€แŸ’แžŠแžธแžŸแžปแž”แžทแž“แŸ”แž€แžถแžšแž‘แžทแž‰แž•แŸ’แž‘แŸ‡แž›แž€แŸ‹แž”แž“แŸ’แž (Buying a Resale Property)แŸ–(แž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“แžŸแžถแž„แžŸแž„แŸ‹แžšแžฝแž…แž€แŸ’แž“แžปแž„แž”แžปแžšแžธแž€แŸ’แž“แž„แžแžŽแŸ’แžŒแž‡แŸ’แžšแŸ„แž™แž…แž„แŸ’แžœแžถแžš)แž€แžถแžšแž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŠแŸ‚แž›แžŠแžถแž€แŸ‹แž›แž€แŸ‹แž”แž“แŸ’แž แž‚แžบแž‡แžถแž‚แžปแžŽแžŸแž˜แŸ’แž”แžแŸ’แžแžทแž›แŸ’แžขแž˜แžฝแž™แžŸแž˜แŸ’แžšแžถแž”แŸ‹แžขแŸ’แž“แž€แž‘แžทแž‰ แž–แŸ’แžšแŸ„แŸ‡แžแžถ แž€แžถแžšแž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž”แŸ’แžšแž—แŸแž‘แž“แŸแŸ‡ แžขแŸ’แž“แž€แž˜แžทแž“แž…แžถแŸ†แž”แžถแž…แŸ‹แžšแž„แŸ‹แž…แžถแŸ† แž–แŸ„แž›แž‚แžบแž‘แžทแž‰แž—แŸ’แž›แžถแž˜แž”แžถแž“แž…แžผแž›แž“แŸ…แž—แŸ’แž›แžถแž˜ แž“แžทแž„แž€แžถแž“แŸ‹แž€แžถแž”แŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž€แŸ’แž“แžปแž„แžŸแžปแž”แžทแž“แŸ’แžแžšแž”แžŸแŸ‹แžขแŸ’แž“แž€แžŠแŸ„แž™แžŸแŸ’แžšแž”แž…แŸ’แž”แžถแž”แŸ‹แž—แŸ’แž›แžถแž˜แŸ—แŸ”ย แž‡แžถแž€แžถแžšแžŽแŸ‚แž“แžถแŸ† แž†แŸ’แž›แž„แŸ‹แž€แžถแžแŸ‹แžแžถแž˜แž”แž‘แž–แžทแžŸแŸ„แž’แž“แŸ แž“แžทแž„แž€แžถแžšแžขแž“แžปแžœแžแŸ’แžแž‡แžถแž€แŸ‹แžŸแŸ’แžแŸ‚แž„ แž˜แžปแž“แžขแŸ’แž“แž€แžŸแž˜แŸ’แžšแŸแž…แž…แžทแžแŸ’แžแž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŽแžถแž˜แžฝแž™ (แž”แŸ’แžšแž—แŸแž‘แž•แŸ’แž‘แŸ‡แžŠแžถแž€แŸ‹แž›แž€แŸ‹แž”แž“แŸ’แž) แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแžขแž“แžปแžœแžแŸ’แžแžแžถแž˜ แž€แžถแžšแžŽแŸ‚แž“แžถแŸ† แž‡แžถแž‡แŸ†แž แžถแž“แŸ—แžŠแžผแž…แžแžถแž„แž€แŸ’แžšแŸ„แž˜แŸ–แŸก) แž–แžทแž“แžทแžแŸ’แž™แž•แŸ’แž“แŸ‚แž€แž•แŸ’แž›แžผแžœแž…แŸ’แž”แžถแž”แŸ‹ แžœแžถแž˜แžถแž“แžŸแžถแžšแŸˆแžŸแŸ†แžแžถแž“แŸ‹แžŽแžถแžŸแŸ‹แžŸแž˜แŸ’แžšแžถแž”แŸ‹แžขแŸ’แž“แž€แž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž‚แŸ’แžšแž”แŸ‹แž”แŸ’แžšแž—แŸแž‘ แž‘แŸ„แŸ‡แž‡แžถแž”แŸ’แžšแž—แŸแž‘แžŠแžธแž‘แž‘แŸแžš แžฌแžŠแžธแž˜แžถแž“แžŸแŸ†แžŽแž„แŸ‹ (แž•แŸ’แž‘แŸ‡) แžแžปแž“แžŠแžผ แžŸแžŽแŸ’แž‹แžถแž‚แžถแžš แžฌแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŽแžถแž˜แžฝแž™แž€แŸแžŠแŸ„แž™ แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแžแŸ‚แžŸแžทแž€แŸ’แžŸแžถแžŸแŸ’แžšแžถแžœแž‡แŸ’แžšแžถแžœแž‡แžถแž˜แžปแž“แžŠแžพแž˜แŸ’แž”แžธแž”แŸ’แžšแžถแž€แžŠแžแžถ แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸ„แŸ‡แž˜แžถแž“แž—แžถแž–แžŸแŸ’แžšแž”แž…แŸ’แž”แžถแž”แŸ‹ แžขแžถแž…แž›แž€แŸ‹ แž“แžทแž„แž‘แžทแž‰แž”แžถแž“ แžŠแŸ„แž™แž˜แžทแž“แž˜แžถแž“แž”แž‰แŸ’แž แžถ แžฌแžœแžทแžœแžถแž‘แž•แŸ’แž›แžผแžœแž…แŸ’แž”แžถแž”แŸ‹แžŽแžถแž˜แžฝแž™แž“แŸ„แŸ‡แž‘แŸแŸ”แž€แžถแžšแž–แžทแž“แžทแžแŸ’แž™แž•แŸ’แž›แžผแžœแž…แŸ’แž”แžถแž”แŸ‹แž‚แžบแžแŸ’แžšแžผแžœแž”แžถแž“แž’แŸ’แžœแžพแžกแžพแž„แž€แŸ’แž“แžปแž„แž‚แŸ„แž›แž”แŸ†แžŽแž„แž…แž˜แŸ’แž”แž„แŸฃแžŸแŸ†แžแžถแž“แŸ‹แŸ—แŸ–แž€แŸ†แžŽแžแŸ‹แžขแžแŸ’แžแžŸแž‰แŸ’แž‰แžถแžŽแžšแž”แžŸแŸ‹แž˜แŸ’แž…แžถแžŸแŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŠแŸ‚แž›แž›แž€แŸ‹แž”แž“แŸ’แžแž“แŸ„แŸ‡ แžแžถแžแžพแž‚แžถแžแŸ‹แž–แžทแžแž‡แžถแž˜แŸ’แž…แžถแžŸแŸ‹ แž–แžทแžแž”แŸ’แžšแžถแž€แžŠแž“แžทแž„แž‡แžถแž˜แŸ’แž…แžถแžŸแŸ‹แžŸแŸ’แžšแž”แž…แŸ’แž”แžถแž”แŸ‹แžŠแŸ‚แžšแžฌแž‘แŸ? แž“แžทแž„แžŠแžพแž˜แŸ’แž”แžธแž€แŸ†แžŽแžแŸ‹แž–แžธแž”แŸ’แžšแžœแžแŸ’แžแžทแž“แŸƒแž€แžถแžšแž€แžถแž“แŸ‹แž€แžถแž”แŸ‹ แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แžแžถแŸ†แž„แž–แžธแž˜แŸ’แž…แžถแžŸแŸ‹แžŠแŸ†แž”แžผแž„แžšแž แžผแžแžŠแž›แŸ‹แž˜แŸ’แž…แžถแžŸแŸ‹แžŠแŸ‚แž›แž›แž€แŸ‹แž”แž“แŸ’แžแž“แŸแŸ‡ แžแžพแž˜แžถแž“แž€แžถแžšแž‘แžทแž‰แž›แž€แŸ‹ แž”แŸ‰แžปแž“แŸ’แž˜แžถแž“แžŠแž„ย  แž แžพแž™แž˜แžถแž“แž”แŸ’แžšแžœแžแŸ’แžแžทแž“แŸƒแž€แžถแžšแž€แžถแž“แŸ‹แž€แžถแž”แŸ‹แž™แŸ‰แžถแž„แžŽแžถแžแŸ’แž›แŸ‡? แž แžพแž™แž€แŸ’แž“แžปแž„แž“แŸแŸ‡แžŠแŸ‚แžš แžขแŸ’แž“แž€แž€แŸแžขแžถแž…แžŸแžทแž€แŸ’แžŸแžถแž–แžธแž”แŸ’แžšแžœแžแŸ’แžแžทแž“แŸƒแž€แžถแžšแž”แž„แŸ‹แž–แž“แŸ’แž’แž‡แžผแž“แžšแžŠแŸ’แž‹แž€แžšแžŽแžธแžŠแžธแž‘แŸ†แž“แŸแžšแž˜แžทแž“แž”แŸ’แžšแžพแž”แŸ’แžšแžถแžŸแŸ‹ แž–แž“แŸ’แž’แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž”แŸ’แžšแž…แžถแŸ†แž†แŸ’แž“แžถแŸ† แž–แž“แŸ’แž’แž”แŸ’แžšแžแžถแž”แŸ‹แžแŸ’แžšแžถ แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž€แžถแžšแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžทแž–แžธแž˜แžปแž“แŸ— แŸ”แž›แŸ” แž‡แžถแž˜แžฝแž™แž‚แŸ’แž“แžถแž“แŸแŸ‡แžŠแŸ‚แžš แž›แŸ„แž€แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแž–แžทแž“แžทแžแŸ’แž™แž˜แžพแž›แžฏแž€แžŸแžถแžšแž–แžถแž€แŸ‹แž–แŸแž“แŸ’แž’แž“แžนแž„แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แžŠแŸ‚แž›แžŠแžถแž€แŸ‹แž›แž€แŸ‹แž”แž“แŸ’แžแž“แŸ„แŸ‡ แž–แžทแžŸแŸแžŸแž‚แžบแžฏแž€แžŸแžถแžšแž€แžถแž“แŸ‹แž€แžถแž”แŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸ„แŸ‡ แžฌแžฏแž€แžŸแžถแžšแž”แž‰แŸ’แž‡แžถแž€แŸ‹แž–แžธแž€แž˜แŸ’แž˜แžŸแžทแž‘แŸ’แž’แžทแžŸแŸ’แžšแž”แž…แŸ’แž”แžถแž”แŸ‹แž“แŸƒแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แž˜แžถแž“แžŠแžผแž…แž‡แžถ แž”แŸแžŽแŸ’แžŽแžŸแž˜แŸ’แž‚แžถแž›แŸ‹แžŸแžทแž‘แŸ’แž’แžทแž€แžถแž“แŸ‹แž€แžถแž”แŸ‹แž”แŸ’แžšแžพแž”แŸ’แžšแžถแžŸแŸ‹แžŠแžธแž’แŸ’แž›แžธ แž”แŸแžŽแŸ’แžŽแžŸแž˜แŸ’แž‚แžถแž›แŸ‹แžŸแžทแž‘แŸ’แž’แžทแž€แžถแž“แŸ‹แž€แžถแž”แŸ‹แžขแž…แž›แž“แžœแžแŸ’แžแžปโ€‹ แžฌแžœแžทแž‰แŸ’แž‰แžถแž”แž“แž”แžแŸ’แžšแžŸแž˜แŸ’แž‚แžถแž›แŸ‹แž˜แŸ’แž…แžถแžŸแŸ‹แžขแž…แž›แž“แžœแžแŸ’แžแžป แžฌแžฏแž€แžŸแžถแžšแž”แŸ’แž›แž„แŸ‹แž‘แž“แŸ‹ แž˜แžถแž“แžŠแžผแž…แž‡แžถ แž›แžทแžแžทแžแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžทแž€แžถแž“แŸ‹แž€แžถแž”แŸ‹แž”แŸ’แžšแžพแž”แŸ’แžšแžถแžŸแŸ‹แžŠแžธแž’แŸ’แž›แžธ แž“แžทแž„แž•แŸ’แž‘แŸ‡ แž‡แžถแžŠแžพแž˜ แž“แžทแž„แžฏแž€แžŸแžถแžšแž‘แžทแž‰แž›แž€แŸ‹ แžฌแžฏแž€แžŸแžถแžšแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžทแž•แŸ’แžŸแŸแž„แŸ— แž”แžถแž“แž‘แžทแž‰แž–แžธแž˜แŸ’แž…แžถแžŸแŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŠแžพแž˜ แžฌแž˜แŸ’แž…แžถแžŸแŸ‹แž‚แž˜แŸ’แžšแŸ„แž„แžŽแžถแž˜แžฝแž™ แž”แžผแž€แžšแžฝแž˜แž“แžนแž„แžฏแž€แžŸแžถแžšแž”แž‰แŸ’แž‡แžถแž€แŸ‹แž–แžธแž€แžถแžšแž”แž„แŸ‹แž–แž“แŸ’แž’แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ (แž–แž“แŸ’แž’แž”แŸ’แžšแžแžถแž”แŸ‹แžแŸ’แžšแžถ แžฌแž–แž“แŸ’แž’แž›แžพแž€แžถแžšแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžทแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™) แž–แžธแž˜แŸ’แž…แžถแžŸแŸ‹แžŠแžพแž˜แž˜แž€แžขแŸ’แž“แž€แž›แž€แŸ‹แž”แž“แŸ’แžแž“แŸแŸ‡แŸ”ย แž”แž‰แŸ’แž‡แžถแž€แŸ‹แŸ– แžฏแž€แžŸแžถแžšแž‘แžถแŸ†แž„แž“แŸ„แŸ‡แžแŸ’แžšแžผแžœแžแŸ‚แž‡แžถแžฏแž€แžŸแžถแžšแžŠแžพแž˜ (แž˜แžทแž“แž˜แŸ‚แž“แž‡แžถแžฏแž€แžŸแžถแžšแžแžแž…แž˜แŸ’แž›แž„)แŸ”แž€แŸ†แžŽแžแŸ‹ แžฌแžŸแŸ’แžœแŸ‚แž„แžšแž€แžฒแŸ’แž™แžƒแžพแž‰แž”แž‰แŸ’แž แžถแžœแžทแžœแžถแž‘แž•แŸ’แžŸแŸแž„แŸ—แž“แŸ…แž›แžพแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŠแŸ‚แž›แž›แž€แŸ‹แž”แž“แŸ’แžแž“แŸ„แŸ‡แŸ– แžแŸ’แžšแžผแžœแžŠแžนแž„แžแžถ แžแžพแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž€แŸ†แž–แžปแž„แž˜แžถแž“แžœแžทแžœแžถแž‘แž€แžพแžแžกแžพแž„แžŠแŸ‚แžšแžฌแž‘แŸ แžŠแžผแž…แž‡แžถแž˜แžถแž“แž€แžถแžšแžˆแŸ’แž›แŸ„แŸ‡แžŠแžŽแŸ’แžแžพแž˜แž€แŸแžš แž˜แžถแž“แžŠแžธแž€แžถแž แžถแž˜แžƒแžถแžแŸ‹แžšแž”แžŸแŸ‹แžแžปแž›แžถแž€แžถแžš แžŠแžธแž€แžถแžšแž€แŸ’แžŸแžถแž€แžถแžšแž–แžถแžš แžฌแž”แžŽแŸ’แžแžนแž„แž‡แŸ†แž‘แžถแžŸแŸ‹แž˜แžทแž“แžฒแŸ’แž™แž˜แžถแž“แž€แžถแžšแž›แž€แŸ‹แžŠแžผแžš แž“แžทแž„แž•แŸ’แž‘แŸแžšแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸแŸ‡แž–แžธแžแžแžทแž™แž‡แž“แžŽแžถแž˜แžฝแž™ แžŠแŸ‚แž›แž‘แž‘แžฝแž›แžŸแŸ’แž‚แžถแž›แŸ‹แžŠแŸ„แž™แž…แŸ’แž”แžถแž”แŸ‹แž‡แžถแžŠแžพแž˜แŸ”แž€แŸ†แžŽแžแŸ‹ แžฌแžŸแŸ’แžœแŸ‚แž„แžšแž€แžฒแŸ’แž™แžƒแžพแž‰แž“แžผแžœแž”แž“แŸ’แž‘แžปแž€แž›แžพแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แž˜แžถแž“แžŠแžผแž…แž‡แžถ 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(แž‚แžบแžแŸ’แžšแžผแžœแžŠแŸ„แŸ‡แž”แž“แŸ’แž‘แžปแž€แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸ„แŸ‡แžฒแŸ’แž™แž‡แŸ’แžšแŸ‡แžŸแŸ’แžšแžกแŸ‡แž‡แžถแž˜แžปแž“แžŸแžทแž“)แŸ”แŸข) แžŸแŸ’แžœแŸ‚แž„แžšแž€แžขแŸ’แž“แž€แž‡แŸ†แž“แžถแž‰แž•แŸ’แž“แŸ‚แž€แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™(แž‡แŸ’แžšแŸ„แž™แž…แž„แŸ’แžœแžถแžšแž‡แžถแžแŸ†แž”แž“แŸ‹แžŠแŸ‚แž›แž€แŸ†แž–แžปแž„แž˜แžถแž“แž€แžถแžšแžขแž—แžทแžœแžŒแŸ’แžแž“แŸแžแŸ’แž›แžถแŸ†แž„แŸ” แžŸแŸ’แžœแŸ‚แž„แž™แž›แŸ‹แž”แž“แŸ’แžแŸ‚แž˜แžขแŸ†แž–แžธแžแŸ†แž”แž“แŸ‹แž‡แŸ’แžšแŸ„แž™แž…แž„แŸ’แžœแžถแžš แžŸแžผแž˜แž…แžปแž…แžแŸ’แžšแž„แŸ‹แž“แŸแŸ‡แŸ” )แžขแŸ’แž“แž€แž‡แŸ†แž“แžถแž‰แž•แŸ’แž“แŸ‚แž€แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžขแžถแž…แž‡แžฝแž™แž–แžทแž‚แŸ’แžšแŸ„แŸ‡แž™แŸ„แž”แž›แŸ‹ แž“แžทแž„แžœแžถแž™แžแž˜แŸ’แž›แŸƒแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŠแžพแž˜แŸ’แž”แžธแžฒแŸ’แž™แžขแŸ’แž“แž€ แžขแžถแž…แžŠแžนแž„แž–แžธแžแž˜แŸ’แž›แŸƒแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸ…แž›แžพแž‘แžธแž•แŸ’แžŸแžถแžšแžŠแŸ‚แž›แžขแžถแž…แž‘แž‘แžฝแž›แž™แž€แž”แžถแž“แŸ” แžขแŸ’แž“แž€แž‡แŸ†แž“แžถแž‰แžขแžถแž…แž‡แžฝแž™แž”แŸ’แžšแžนแž€แŸ’แžŸแžถ 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แž€แžถแžšแž€แž€แŸ‹แž”แŸ’แžšแžถแž€แŸ‹แž“แŸแŸ‡แž‚แžบแž‡แžถแž‘แžผแž‘แŸ…แžแŸ’แžšแžผแžœแž”แžถแž“แž’แŸ’แžœแžพแžกแžพแž„ แžŠแžพแž˜แŸ’แž”แžธแž”แžพแž€แžฑแž€แžถแžŸแžฒแŸ’แž™แžขแŸ’แž“แž€แž‘แžทแž‰แž’แŸ’แžœแžพแž€แžถแžšแžŸแžทแž€แŸ’แžŸแžถแžŸแŸ’แžšแžถแžœแž‡แŸ’แžšแžถแžœแž•แŸ’แž›แžผแžœแž…แŸ’แž”แžถแž”แŸ‹ แžŠแžพแž˜แŸ’แž”แžธแž€แŸ†แžŽแžแŸ‹แžแžถแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แžŠแŸ‚แž›แžŠแžถแž€แŸ‹แž›แž€แŸ‹แž“แŸแŸ‡แž˜แžถแž“แž—แžถแž–แžŸแŸ’แžšแž”แž…แŸ’แž”แžถแž”แŸ‹ แž˜แžทแž“แž˜แžถแž“แž”แž‰แŸ’แž แžถ แž˜แžทแž“แž˜แžถแž“แžœแžทแžœแžถแž‘ แž“แžทแž„แž˜แžถแž“แž˜แŸ’แž…แžถแžŸแŸ‹แž–แžทแžแž”แŸ’แžšแžถแž€แžŠแž‡แžถแžŠแžพแž˜แŸ” แž‡แžถแž‘แžผแž‘แŸ… แž‚แŸแž‘แžปแž€แžšแž™แŸˆแž–แŸแž› แŸก แžขแžถแž‘แžทแžแŸ’แž™ แžŠแžพแž˜แŸ’แž”แžธแžฒแŸ’แž™แžขแŸ’แž“แž€แž‘แžทแž‰แž’แŸ’แžœแžพแž€แžถแžšแžŸแŸ’แžšแžถแžœแž‡แŸ’แžšแžถแžœ แž“แžทแž„แž–แžทแž“แžทแžแŸ’แž™แž•แŸ’แž‘แŸ€แž„แž•แŸ’แž‘แžถแžแŸ‹แŸ”แŸฅ) ย  แžŠแŸ†แžŽแžถแž€แŸ‹แž€แžถแž›แžšแŸ€แž”แž…แŸ†แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแž‘แžทแž‰แž›แž€แŸ‹แž“แŸแŸ‡แž‡แžถแžŠแŸ†แžŽแžถแž€แŸ‹แž€แžถแž›แžŸแŸ†แžแžถแž“แŸ‹แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž‘แžถแŸ†แž„แžขแŸ’แž“แž€แž›แž€แŸ‹ แž“แžทแž„แžขแŸ’แž“แž€แž‘แžทแž‰ แžŠแŸ„แž™แž—แžถแž‚แžธแžแŸ’แžšแžผแžœแž‡แžฝแž”แž…แž…แžถแžšแž‚แŸ’แž“แžถแž™แŸ‰แžถแž„แž แŸ’แž˜แžแŸ‹แž…แžแŸ‹แž‘แŸ…แž›แžพแžแž˜แŸ’แž›แŸƒแž‘แžทแž‰แž›แž€แŸ‹ แž›แž€แŸ’แžแžแžŽแŸ’แžŒแž”แž„แŸ‹แž”แŸ’แžšแžถแž€แŸ‹ แž€แžถแžแž–แŸ’แžœแž€แžทแž…แŸ’แž…แž•แŸ’แžŸแŸแž„แŸ—แžšแž”แžŸแŸ‹แž‚แžผแž—แžถแž‚แžธ แž€แžถแžšแž…แžปแŸ‡แž”แž‰แŸ’แž‡แžธแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แž€แžถแžšแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžท แž“แžทแž„แž€แžถแžšแž”แž„แŸ‹แž–แž“แŸ’แž’แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž‡แžถแžŠแžพแž˜ แžŠแžพแž˜แŸ’แž”แžธแžšแŸ€แž”แž…แŸ† แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแž‘แžทแž‰แž›แž€แŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž˜แžฝแž™แžฒแŸ’แž™แž”แžถแž“แžแŸ’แžšแžนแž˜แžแŸ’แžšแžผแžœ แž˜แžถแž“แžœแžทแž‡แŸ’แž‡แžถแž‡แžธแžœแŸˆ แž“แžทแž„แžขแžถแž…แž‘แž‘แžฝแž›แž™แž€แž”แžถแž“แž‘แžถแŸ†แž„แžŸแž„แžแžถแž„แŸ” แžŠแžพแž˜แŸ’แž”แžธแž‡แŸ€แžŸแžœแžถแž„แž”แž‰แŸ’แž แžถ แžขแŸ’แž“แž€แž‚แžฝแžšแžŸแŸ’แžœแŸ‚แž„แžšแž€แžŸแŸแžœแžถแž•แŸ’แž“แŸ‚แž€แž…แŸ’แž”แžถแž”แŸ‹ แžฌแž˜แŸแž’แžถแžœแžธ แžŠแžพแž˜แŸ’แž”แžธแžฒแŸ’แž™แž‡แžฝแž™แžšแŸ€แž”แž…แŸ†แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแž‘แžทแž‰แž›แž€แŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸแŸ‡ แž“แžทแž„แžฒแŸ’แž™แž˜แžถแž“แžขแŸ’แž“แž€แž‡แžฝแž™แž”แŸ’แžšแžนแž€แŸ’แžŸแžถแž™แŸ„แž”แž›แŸ‹แž›แžพแž€แžถแžšแž‘แžทแž‰แž›แž€แŸ‹ แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸแŸ‡แž•แž„แŸ”แŸฆ) ย  แž€แžถแžšแž…แžปแŸ‡แž”แž‰แŸ’แž‡แžธแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แž€แžถแžšแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžทแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แž“แžทแž„แž€แžถแžšแž”แž„แŸ‹แž–แž“แŸ’แž’แž“แŸแŸ‡แž‡แžถแžŠแŸ†แžŽแžถแž€แŸ‹แž€แžถแž›แžŸแŸ†แžแžถแž“แŸ‹แž˜แžฝแž™แžŠแŸ‚แžš แž€แŸ’แž“แžปแž„แžŠแŸ†แžŽแžพแžšแž€แžถแžšแž“แŸƒแž€แžถแžšแž‘แžทแž‰แž›แž€แŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แŸ” แž˜แžปแž“แž–แŸแž›แž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แžขแŸ’แž“แž€แžแŸ’แžšแžผแžœแž‡แž‡แŸ‚แž€แž‚แŸ’แž“แžถแž‡แžถแž˜แžปแž“แžแžถ แžแžพแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžŠแŸ‚แž›แžแŸ’แžšแžผแžœแž‘แžทแž‰แž“แŸ„แŸ‡ แž‡แžถแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž”แŸ’แžšแž—แŸแž‘แž”แŸ’แž›แž„แŸ‹แžšแžนแž„ (แž…แžปแŸ‡แž”แž‰แŸ’แž‡แžธแžšแžฝแž…) แžฌแž”แŸ’แž›แž„แŸ‹แž‘แž“แŸ‹ (แž˜แžทแž“แž‘แžถแž“แŸ‹แž…แžปแŸ‡แž”แž‰แŸ’แž‡แžธ) แž แžพแž™แžแŸ’แžšแžผแžœแž‡แž‡แŸ‚แž€ แž“แžทแž„แž–แŸ’แžšแž˜แž–แŸ’แžšแŸ€แž„แž‚แŸ’แž“แžถแžฒแŸ’แž™แž…แŸ’แž”แžถแžŸแŸ‹แžแžถ แžแžพแž—แžถแž‚แžธแžŽแžถแž˜แžฝแž™แž‡แžถแžขแŸ’แž“แž€แž‘แž‘แžฝแž›แžแžปแžŸแžแŸ’แžšแžผแžœแžšแžแŸ‹แž€แžถแžšแž…แžปแŸ‡แž”แž‰แŸ’แž‡แžธ แžฌแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžทแž€แžถแžแŸ‹แžˆแŸ’แž˜แŸ„แŸ‡แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž–แžธแžขแŸ’แž“แž€แž›แž€แŸ‹แž˜แž€แžฒแŸ’แž™แžˆแŸ’แž˜แŸ„แŸ‡แžšแž”แžŸแŸ‹แžขแŸ’แž“แž€แž‘แžทแž‰ แž แžพแž™แž—แžถแž‚แžธแžŽแžถแž˜แžฝแž™แž‡แžถแžขแŸ’แž“แž€ แž‘แž‘แžฝแž›แž”แž“แŸ’แž‘แžปแž€แž”แž„แŸ‹แž–แž“แŸ’แž’แž›แžพแž€แžถแžšแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžท (แž–แž“แŸ’แž’แž”แŸ’แžšแžแžถแž”แŸ‹แžแŸ’แžšแžถ) แž‡แžถแžŠแžพแž˜ แŸ” แž—แžถแž‚แžธแžขแŸ’แž“แž€แž›แž€แŸ‹ แž“แžทแž„แžขแŸ’แž“แž€แž‘แžทแž‰แžแŸ’แžšแžผแžœ แž‡แž‡แŸ‚แž€แž‚แŸ’แž“แžถแžฒแŸ’แž™แž…แŸ’แž”แžถแžŸแŸ‹ แž“แžทแž„แžŸแžšแžŸแŸแžšแž…แžผแž›แž€แŸ’แž“แžปแž„แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแž‘แžทแž‰แž›แž€แŸ‹ แž‡แŸ€แžŸแžœแžถแž„แž€แžถแžšแž—แŸแž“แŸ’แžแž…แŸ’แžšแžกแŸ† แžฌแž”แŸ’แžšแž€แŸ‚แž€แž‚แŸ’แž“แžถ แž“แŸ…แž–แŸแž›แž€แŸ’แžšแŸ„แž™แŸ”แŸ” แž‡แžถแž‘แžผแž‘แŸ…แž€แžถแžšแž„แžถแžšแž…แžปแŸ‡แž”แž‰แŸ’แž‡แžธแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ (แž’แŸ’แžœแžพแž”แŸ’แž›แž„แŸ‹แžšแžนแž„) แž€แžถแžšแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžทแž€แžถแžแŸ‹แžˆแŸ’แž˜แŸ„แŸ‡ แž“แžทแž„แž€แžถแžšแž”แž„แŸ‹แž–แž“แŸ’แž’ แž‚แžบแž‡แžถแž€แžถแžšแž‘แž‘แžฝแž›แžแžปแžŸแžแŸ’แžšแžผแžœแž‘แžถแŸ†แž„แžŸแŸ’แžšแžปแž„แžšแž”แžŸแŸ‹แžขแŸ’แž“แž€แž›แž€แŸ‹ แžแžŽแŸˆแžŠแŸ‚แž›แž€แžถแžšแž”แž„แŸ‹แž–แž“แŸ’แž’แž”แŸ’แžšแžแžถแž”แŸ‹แžแŸ’แžšแžถ แž€แŸ’แž“แžปแž„แž…แŸ’แž”แžถแž”แŸ‹แž”แžถแž“แžŸแžšแžŸแŸแžšแž™แŸ‰แžถแž„แž…แŸ’แž”แžถแžŸแŸ‹แžแžถ แž‚แžบแžขแŸ’แž“แž€แž‘แžทแž‰แž‚แžบแž‡แžถแžขแŸ’แž“แž€แž‘แž‘แžฝแž›แž”แž“แŸ’แž‘แžปแž€ แžŠแŸ„แž™แžŸแžถแžšแžขแŸ’แž“แž€แž‘แžทแž‰แž‡แžถแžขแŸ’แž“แž€ แž‘แž‘แžฝแž›แž•แž›แž…แžปแž„แž€แŸ’แžšแŸ„แž™ แŸ” แž˜แŸ’แž™แŸ‰แžถแž„แžœแžทแž‰แž‘แŸ€แžแžŸแž˜แŸ’แžšแžถแž”แŸ‹แž€แžถแžšแžšแžแŸ‹แž€แžถแžšแž…แžปแŸ‡แž”แž‰แŸ’แž‡แžธ แžฌแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžทแž€แžถแžแŸ‹แžˆแŸ’แž˜แŸ„แŸ‡ แž–แŸแž›แžแŸ’แž›แŸ‡แžŠแžพแž˜แŸ’แž”แžธแž•แŸ’แžแž›แŸ‹แž‘แŸ†แž“แžปแž€แž…แžทแžแŸ’แžแžแŸ’แž–แžŸแŸ‹ แžขแŸ’แž“แž€แž‘แžทแž‰แž‚แžบแž‡แžถแžขแŸ’แž“แž€แžšแžแŸ‹แž€แžถแžšแž•แŸ’แž‘แžถแž›แŸ‹ แžŠแŸ„แž™แž˜แžถแž“แž€แžทแž…แŸ’แž…แžŸแž แž€แžถแžšแžŽแŸแž™แŸ‰แžถแž„ แžšแž›แžผแž“แž–แžธแžขแŸ’แž“แž€แž›แž€แŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แŸ”แŸง) ย  แžŠแŸ†แžŽแžถแž€แŸ‹แž€แžถแž›แž”แŸ’แžšแž‚แž›แŸ‹แž”แŸ’แž›แž„แŸ‹ แž“แžทแž„แž”แž„แŸ‹แž›แžปแž™แž•แŸ’แžแžถแž…แŸ‹แžแŸ’แž›แŸƒแž‘แžทแž‰แž›แž€แŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸแŸ‡แž‡แžถแžŠแŸ†แžŽแžถแž€แŸ‹แž€แžถแž›แž…แžปแž„แž€แŸ’แžšแŸ„แž™แž‚แŸแž”แž„แŸ’แžขแžŸแŸ‹ แž€แŸ’แž“แžปแž„แžŠแŸ†แžŽแžพแžšแž€แžถแžšแž›แž€แŸ‹ แž“แžทแž„แž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แžŠแŸ„แž™แž€แŸ’แžšแŸ„แž™แž–แžธแžŠแŸ†แžŽแžพแžšแž€แžถแžšแž“แŸƒแž€แžถแžšแž…แžปแŸ‡แž”แž‰แŸ’แž‡แžธ แžฌแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžทแž€แžถแžแŸ‹แžˆแŸ’แž˜แŸ„แŸ‡แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แž“แžทแž„แž”แž„แŸ‹แž–แž“แŸ’แž’แž”แžถแž“แž…แž”แŸ‹แžŸแž–แŸ’แžœแž‚แŸ’แžšแž”แŸ‹แž แžพแž™ แžขแŸ’แž“แž€แž›แž€แŸ‹แž˜แžถแž“แž€แžถแžแž–แŸ’แžœแž€แžทแž…แŸ’แž…แžแŸ’แžšแžผแžœแž”แŸ’แžšแž‚แž›แŸ‹แž”แŸ’แž›แž„แŸ‹แžŠแŸ‚แž›แž”แžถแž“แž…แžปแŸ‡แž”แž‰แŸ’แž‡แžธแžšแžฝแž…แž แžพแž™ย  แžฌแž•แŸ’แž‘แŸแžšแžŸแžทแž‘แŸ’แž’แžทแžšแžฝแž…แž แžพแž™แž“แŸ„แŸ‡แžฒแŸ’แž™แž‘แŸ…แžขแŸ’แž“แž€แž‘แžทแž‰ แž แžพแž™แžขแŸ’แž“แž€แž‘แžทแž‰แžแŸ’แžšแžผแžœแž”แŸ’แžšแž‚แž›แŸ‹แž›แžปแž™แž”แž„แŸ’แž‚แŸ’แžšแž”แŸ‹แžแŸ’แž›แŸƒแž‘แžทแž‰แž›แž€แŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸ„แŸ‡แž‘แŸ…แžฒแŸ’แž™แžขแŸ’แž“แž€แž›แž€แŸ‹ แžŠแžพแž˜แŸ’แž”แžธแž”แž‰แŸ’แž…แž”แŸ‹แž€แžถแžšแž‘แžทแž‰แž›แž€แŸ‹ แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž‡แžถแžŸแŸ’แžแžถแž–แžš แŸ”แž“แŸแŸ‡แž‡แžถแž€แžถแžšแžขแž“แžปแžœแžแŸ’แž แž“แžทแž„แž”แž‘แž–แžทแžŸแŸ„แž’แž“แŸแž€แž“แŸ’แž›แž„แž˜แž€แžŠแŸ‚แž›แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แž˜แŸแž’แžถแžœแžธ แžฌแžขแŸ’แž“แž€แž…แŸ’แž”แžถแž”แŸ‹แž‚แŸแžแŸ‚แž„แž•แŸ’แžแž›แŸ‹แž™แŸ„แž”แž›แŸ‹ แžฒแŸ’แž™แžขแž“แžปแžœแžแŸ’แžแžแžถแž˜แžŸแž˜แŸ’แžšแžถแž”แŸ‹แžšแžถแž›แŸ‹แž€แžถแžšแž›แž€แŸ‹ แž“แžทแž„แž‘แžทแž‰แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž”แŸ’แžšแž—แŸแž‘แž›แž€แŸ‹แž”แž“แŸ’แžแŸ” แž”แŸ’แžšแžŸแžทแž“แž”แžพแžขแŸ’แž“แž€แž’แŸ’แžœแžพแžแžถแž˜แž€แžถแžš แžŽแŸ‚แž“แžถแŸ†แžแžถแž„แž›แžพแž“แŸ„แŸ‡แž€แžถแžšแž‘แžทแž‰แž›แž€แŸ‹แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แžšแž”แžŸแŸ‹แžขแŸ’แž“แž€แž“แžนแž„แž˜แžถแž“แžŸแžปแžœแžแŸ’แžแžทแž—แžถแž–แžแŸ’แž–แžŸแŸ‹ แž“แžทแž„แžขแžถแž…แž‡แŸ€แžŸแž•แžปแžแž–แžธแž แžถแž“แžทแž—แŸแž™แŸ”ย แž‘แŸ„แŸ‡แž‡แžถแž™แŸ‰แžถแž„แžŽแžถแž€แŸแžŠแŸ„แž™แž˜แžทแž“แž˜แŸ‚แž“แžแŸ’แž›แžนแž˜แžŸแžถแžš แžฌ แžšแžผแž”แž˜แž“แŸ’แžแžแžถแž„แž›แžพแž‚แžบแž‡แžถแžœแžทแž’แžธแžŸแžถแžŸแŸ’แžแŸ’แžšแžŠแžถแž…แŸ‹แžแžถแž แžฌแž›แŸ’แžขแžแŸ‚แž˜แžฝแž™แž‚แžแŸ‹แžŠแŸ‚แž›แžแŸ’แžšแžผแžœแžแŸ‚แžขแž“แžปแžœแžแŸ’แžแžแžถแž˜แž“แŸ„แŸ‡แž‘แŸ แžœแžถแž€แŸแžขแžถแž…แž“แŸ…แž˜แžถแž“แž…แŸ†แžŽแžปแž…แž”แž“แŸ’แžแŸ‚แž˜ แžฌแžŠแž€แž…แŸแž‰แžแŸ’แž›แŸ‡ แžขแžถแžŸแŸ’แžšแŸแž™แž‘แŸ…แž›แžพแž€แžถแžšแž‘แžทแž‰แž›แž€แŸ‹แž“แŸ„แŸ‡แžœแžถแž˜แžถแž“แž‘แŸ†แž แŸ†แž”แŸ‰แžปแž“แžŽแžถ แž‘แžนแž€แž”แŸ’แžšแžถแž€แŸ‹แž”แŸ‰แžปแž“แžŽแžถ? แžŸแŸ’แž˜แžปแž‚แžŸแŸ’แž˜แžถแž‰แž”แŸ‰แžปแž“แžŽแžถ? แž˜แžถแž“แž“แŸแž™แžแžถ แž”แžพแžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แžŠแŸ‚แž›แž‡แžถแž€แž˜แŸ’แž˜แžœแžแŸ’แžแžปแž“แŸƒแž€แžถแžšแž‘แžทแž‰แž›แž€แŸ‹แž“แŸ„แŸ‡แž˜แžถแž“แž‘แŸ†แž แŸ†แž’แŸ† แž‘แžนแž€แž”แŸ’แžšแžถแž€แŸ‹แž…แŸ’แžšแžพแž“ แžœแžถแžขแžถแž…แž“แžนแž„แž˜แžถแž“แžŠแŸ†แžŽแžพแžšแž€แžถแžšแžŸแŸ’แž˜แžปแž‚แžŸแŸ’แž˜แžถแž‰แž‡แžถแž„แž“แŸแŸ‡ แž แžพแž™แžŠแŸ†แžŽแžพแžšแž€แžถแžšแž‘แžทแž‰แž›แž€แŸ‹แž“แŸแŸ‡แž€แŸแž˜แžถแž“แž—แžถแž–แžŸแŸ’แž˜แžปแž‚แžŸแŸ’แž˜แžถแž‰แž‡แžถแž„แž“แŸแŸ‡โ€‹แžŠแŸ‚แžšแŸ•แžŠแžพแž˜แŸ’แž”แžธแž‘แž‘แžฝแž›แž”แžถแž“แž–แŸแžแŸŒแž˜แžถแž“แžแŸ’แž˜แžธแŸ—แžขแŸ†แž–แžธแžœแžทแžŸแŸแž™แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸ…แž€แŸ’แž“แžปแž„แž”แŸ’แžšแž‘แŸแžŸแž€แž˜แŸ’แž–แžปแž‡แžถ แž“แžทแž„ แž€แžถแžšแžœแžทแžœแžแŸ’แžแž“แŸแž“แžถแž“แžถแž“แŸ…แž€แŸ’แž“แž„แžœแžทแžŸแŸแž™แž“แŸแŸ‡ แžŸแžผแž˜แž’แŸ’แžœแžพแž€แžถแžšแž‘แžถแž‰แž™แž€แž€แž˜แŸ’แž˜แžœแžทแž’แžธแž”แŸ’แžšแžพแž”แŸ’แžšแžถแžŸแŸ‹แž“แŸ…แž›แžพแž‘แžผแžšแžŸแŸแž–แŸ’แž‘แžŠแŸƒแžšแž”แžŸแŸ‹แž™แžพแž„แžฅแžกแžผแžœแž“แŸแŸ‡แŸ” แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž€แž˜แŸ’แž˜แžœแžทแž’แžธย iOSย แž“แžทแž„ย AndroidแŸ”แžแžถแž˜แžŠแžถแž“แž–แŸแžแŸŒแž˜แžถแž“แžแŸ’แž˜แžธแŸ—แžขแŸ†แž–แžธแžœแžทแžŸแŸแž™แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™ แžฌแžŸแŸ’แžœแŸ‚แž„แžšแž€แžŸแŸ’แžœแŸ‚แž„แžšแž€แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž“แŸ…แž—แŸ’แž“แŸ†แž–แŸแž‰แžแŸ’แž„แŸƒแž“แŸแŸ‡แŸ” แž›แŸ„แž€แžขแŸ’แž“แž€แž€แŸแžขแžถแž…แž…แžผแžšแžขแžถแž“แž˜แž‚แŸ’แž‚แžปแž‘แŸแžŸแž“แŸƒแž€แžถแžšแžœแžทแž“แžทแž™แŸ„แž‚แž†แŸ’แž“แŸ†แžถแŸขแŸ แŸกแŸฉแžšแž”แžŸแŸ‹แž™แžพแž„แž”แžถแž“แž•แž„แžŠแŸ‚แžš!ย แžขแžแŸ’แžแž”แž‘แžŠแŸ„แž™
The Gateway Official Launch
The Gateway Official Launch
June 6, 2022, 5:05 p.m.
Realestate News
The Gateway, a project of TA Corporation Ltd, is pleased to announce its official launch in Cambodia on Sunday the 28th of this month.The official launch festivities shall take place at the Gateway showroom on Russian Boulevard, which is located directly beside the actual site of the project now beginning phase 1 of construction.Russian Boulevard is the main road or the gateway of Phnom Penh; and essential route for all VIPs entering the city, especially those traveling to the Prime Minister's office from the International Airport. By positioning itself here on the main artery of Phnom Penh, the Gateway promises sustained appreciation for all investors. The launch event this Sunday will be attended by the most prominent political and business figures from across Phnom Penh and over 500 guests are expected. All are invited to join, including the general public. The ceremony with commence from 7.30am and from 12 noon onwards the showroom will be open to the public. The Gateway showroom is open everyday from 9.00am to 6.00pm. The launch of โ€˜The Gatewayโ€™ project is an iconic step forward for the Cambodian real estate community, and represents the first mega-project of TA Corporation in Cambodiaโ€™s capital city of Phnom Penh. This project represents a significant milestone in the company's history, and will be the start of a much larger commitment from TA Corporation to the development of the Cambodian property market into the future. As a real estate developer and investor, TA Corporationโ€™s reputation as a preferred property developer of uncompromising quality and excellence is hard-earned through their efforts around the Asian region over the past four decades. As a construction contractor in Singapore, TA Corp has grown rapidly over the last 40 years, leveraging their capabilities as a class โ€œtier-1 construction company,โ€ the highest class of Singaporean construction standard, to carve a niche as an established property developer inside Singapore, and increasing outside of their national borders. TA Corp have observed that the demand for quality accommodation in Cambodia, especially in the capital city, is on the rise. Interest for well-located, quality condominiums continues to outstrip supply, and this is a slice of the market that โ€˜The Gatewayโ€™ mixed-use development is uniquely positioned to capture. Learn more about this iconic project: Check out the full listing.
Cambodia Property Awards Tomorrow
Cambodia Property Awards Tomorrow
June 6, 2022, 5:05 p.m.
Realestate News
Phnom Penh: The Cambodia Property Awards 2016 marks the first ever international real estate industry awards to be held in the Kingdom. The Cambodia Property Awards ceremony and gala dinner will take placeย tomorrowย night at the Sofitel Phnom Penh Phokeethra.The โ€œAsia Property Awardsโ€ series started in Thailand in 2005, and has since expanded to host events in Singapore, Malaysia, the Philippines, China, Myanmar, Indonesia, Cambodia and Vietnam.The awards seek to reward high calibre work within the Asian real estate industry, including the fields of construction, development, architecture and interior design. This yearโ€™s Cambodia Property Awards sees nominee categories such as โ€œBest Developer,โ€ โ€œBest Condo,โ€ โ€œBest Housing Development,โ€ โ€œBest mixed-use development,โ€ โ€œBest Hotelโ€ and โ€œBest Service Apartment.โ€ Some of the companies nominated for Cambodian awards this Thursday evening include Borey Peng Houth Group, Overseas Cambodian Investment Corporation Ltd (OCIC), Torreya Asset Holdings Co Ltd, Orkide Villa Co Ltd and Spring CJW Development Pte Ltd, and Maline Apartments Co Ltd to name a few. CBREโ€™s Simon Griffiths, who is Chairman of the judging panel at the Cambodia Property Awards 2016, says that โ€œ250 of the leading real estate professionals, developers, designers, architects, consultants all in a ballroom socializing will be a tremendous moment for the industry.โ€ โ€œIf developers can truly distinguish themselves through innovative and truly quality developments, from design and architecture to construction, execution and operation and by winning an independent award it helps consumers identify those properties, it can only be a good thing for developers and design firms,โ€ adds Griffiths. The awards is said to have a fully transparent judging system, which is audited by BDO, one of the worldโ€™s largest accountancy networks; all entrants are nominated by a third party, including peers, professionals and consumers, and, if eligible, are rigorously and fairly judged by an independent panel of industry experts. While previously owned by Ensign Media, the publisher of the print and online real estate publication โ€œProperty Report,โ€ recently the Asian Property Awards series, along with Property Report magazine and the conference brand Property Report Congress, became part of the PropertyGuru Group, in a strategic buyout by one of Asiaโ€™s largest and most-profitable property portal vendors and property media groups. Terry Blackburn, Managing Director and Founder of the Awards, says that, โ€œalthough Cambodia is a comparatively small market, it is quickly emerging and is definitely deserving of the recognition it will receive.โ€ "PropertyGuru recognises the significant quality of Cambodian developments, thus, with its acquisition of Asia Property Awards, the region's biggest and most respected real estate awards programme, we have brought the show to Cambodia, with the inaugural Cambodian Property Awards 2016 to recognise quality in the industry," says Mr Lewis Ng, Managing Director, PropertyGuru Singapore. โ€œCompeting in Cambodia will give the winners of the big awards the opportunity to showcase their latest projects at our South East Asia Property Awards grand finale to be held in Singapore this November,โ€ adds Blackburn.
Invest in Cambodia: A history of a highly-open marketplace
Invest in Cambodia: A history of a highly-open marketplace
June 6, 2022, 5:06 p.m.
Realestate News
Why Is Cambodia An Excellent Investment Opportunity?The reasons to invest in Cambodia are many: Cambodia is a relatively young nation with a rich, old culture. It is a relatively untapped market, offering potentially substantial upside to foreign investors looking for green field investment opportunities. There is plenty of room for improvement in terms of the legal and judicial climate, but the current head of government -- Hun Sen -- has been in charge for more than 25 years, providing uncommon levels of stability in a country that was wracked by war not that many decades ago.ย  Rami Sharaf,ย Member of International Advisory Council, APCO Worldwide, and a well-known advocate for the Cambodian market, says that, โ€œthe major attraction for foreign investors considering whether they should invest in Cambodia is the ASEAN-member nationโ€™s steady economic growth; phenomenally steady growth: 7.5 per cent average for the last 5 years, year on year. This puts Cambodia as the number 21 worldwide in growth, and number 1 in the region.โ€ ย The Current Outlook:The country enjoys a relatively low cost of living, which helps keep wages low, thus making it a place investors can get their feet wet with relatively low risks. The government has liberal business policies and is actively seeking to attract additional foreign investment. It is a beautiful country with a rich heritage, fueling opportunities in tourism. It has an unusually good geographic position, giving it access to some of the largest, most active and growing markets in the world. Due to its membership in ASEAN, it has access to the ASEAN Free Trade Area. ASEAN is kind of like the European Union for the Southeast Asian Nations. For comparison, the countries of the European Union have 508 million people and the ASEAN countries have 625 million people and are a less mature market, providing vastly more opportunity for growth. Additionally, Cambodia has been designated one of the Least Developed Countries (LDC), which gives it preferential access to both the European and North American markets. Cambodia joined the Association of South East Asian Nations (ASEAN) in 1999. This multinational organization has substantial goals of economic development for the group of countries located roughly between Australia and China, many of them island nations. If ASEAN were a single country, it would have the seventh largest economy in the world, after the US, China, Japan, Germany, France and the United Kingdom. Please note that Germany, France and the United Kingdom are all members of the European Union, the organization ASEAN is hoping to emulate to some degree. Additionally, Cambodia is midway between China and India. Very recently, India displaced China as the world's fastest growing economy. Due to its location, Cambodia has excellent geographic access to both of this huge, emerging markets. The wealth of the future is practically guaranteed to be determined by who has access to these extremely large and very fast growing markets. In 2010, the Chinaโ€“ASEAN Free Trade Area (CAFTA) became a reality, giving member nations access to a trading block of 1.7 billion people. ASEAN also has an agreement with Australia and New Zealand that creates yet another free trade area in the other direction (AANZFTA). Additionally, talks are under way between India and ASEAN, which could create a similar trade block. Last, Cambodia's LDC status gives it preferential access to some of the richest markets in the world for certain products. In 2003, the Heritage Foundation's Index of Economic Freedom ranked Cambodia 35th among 170 countries in terms of economic freedom. This puts in on par with Japan and places it well ahead of many of its neighbors in the ASEAN community. Thus, it constitutes one of the most open economies in the region. At that time, the Index of Economic Freedom commented on positive governmental policies. Obviously, the country's qualification as one of the Least Developed Countries has some downsides, such as limited infrastructure and widespread poverty. But, increasingly, there is evidence that foreign companies typically provide both better pay and better working conditions for local nationals. This means that investing in an LDC can be a case of doing good while doing well: You can feel good about the improvements your investment is bringing to the country while also being happy with the benefit to your own bottom line. In fact, the poverty rate in Cambodia has dropped dramatically from 47.50 percent in 1993 to just 23 percent in 2011. So while it is still a poor country, it is seeing incredible forward progress. This fact helps ensure that investment will be profitable for the investors.Cambodia has been noticed for its unusual degree of market-friendliness for an LDC.ย The areas of note include:Opportunities in Tourism: Unlike its neighbors, such as Thailand and Vietnam, Cambodia explicitly desires to attract foreign investment in its tourism sector. Tourism is the area in which Cambodia rightly most wants to attract foreign investment. This goal is little different than its neighbors like Thailand , Vietnam and most recently even Laos. In recent years, tourism to Cambodia has exploded, enjoying double digit increases many years and hitting 4.5 million tourists in 2014.ย In 1992, Angkor Wat, the world's largest religious monument, was named a World Heritage Site. It attracts significant interest, fueling growth of hotels and other amenities in the nearby town of Siem Riep. While it is certainly the best known site in Cambodia, there is no shortage of cultural heritage and natural beauty for attracting additional tourism dollars to the country. Development of hotels, golf courses and other amenities are a strong market. The government has a track record of dealing progressively with this development segment, such as at the Phnom Penh International Airport.Agricultural Investment Opportunities:An abundance of water and fertile land combined with affordable local labor creates significant opportunity for agricultural investment and development, such as in organic farming and agro-processing. Foreign partners bring not only capital, but also essential knowledge and skill to the table. The combination of forces is very often a win/win for both sides. Although land cannot be owned by foreign investors, access to land is readily available via 99-year leases and joint ventures where a local partner owns at least 51 percent of the equity. Some hot agricultural areas include: fisheries, rubber processing, sugar processing, jute, palm oil refineries, and large varieties of tropical fruits and organic produce. Learn more about controlling land in Cambodia...Foreign Direct Investment (FDI): Throughout the 1990s, Cambodia attracted increasing amounts of Foreign Direct Investment. Malaysia got in early and captured a great deal of "first mover" benefit, as well as concessions for their investments, such in mining and forestry. Cambodia has come a long way since Malaysia first took notice of the country in terms of internal improvements and development, yet there remains a great deal of room for additional growth. The good track record of improvement combined with so much remaining upside is a situation that is extremely attractive for investors.
Phnom Penh City Master Plan 2035: Legality will lead to Fruition
Phnom Penh City Master Plan 2035: Legality will lead to Fruition
June 7, 2022, 5:35 a.m.
Realestate News
The urban planning and construction panel discussion held as part of the second Global Alumni convention (GAC) at the Intercontinental hotel on Saturday 30th January 2016 presented the figures of 151 borey projects currently underway, 186 real estate companies in operation in Cambodia and that there will be approximately 20,000 condos in Phnom Penh by 2018. This fell into a wider discussion about the proposed Phnom Penh City Master Plan 2035, and how the city canย sustainablyย grow into the future...So what implications does this have for the sector and the investor?There were several questions raised at this yearโ€™s GAC event around construction quality control and the legality of the building and construction industry if the Royal Government seeks to achieve its vision of a Phnom Penh City Master Plan 2035. โ€œHow do you know that this building is built to standard?โ€ asks H.E. Dr. Sok Siphana, legal advisor to the Royal Government of Cambodia, โ€œThereโ€™s a lot of issues around quality of construction, especially if you are building 20-30 stories. How do you know who is qualified?โ€ The government sought the assistance of the experienced legal drafter, Dr. Sok Siphana, to develop a comprehensive building and construction law to regulate the industry, and this experience has no-doubt influenced somewhat the Phnom penh city master plan. โ€œGood construction is a business within itself and itโ€™s good for the economy,โ€ says Dr. Sok Siphana, โ€œQuality class A building attracts reliable investors. How do you attract sub-regional companies to set up in Cambodia in low quality shoddy buildings? We have to regulate the industry and the practitioners within it. We have to introduce the concept of certification.โ€ Dr. Sok Siphana says that public safety is paramount. โ€œFor example, in general, the current laws governing contracts for boreys do not protect the consumer. As the State, we have to think about the public... How to ensure that thereโ€™s no fraud and that the public are safe, and that buildings wonโ€™t collapse while youโ€™re still paying the mortgage.โ€ So how will people within the sector build their knowledge and understanding of the law and how will it be enforced? How will they be educated on real estate technical skills such as quality building codes, practices and property evaluation?That being said, the Phnom Penh City Master Plan 2035 seemingly must come as part of a wider regulatory reform framework. And, so it seems, tertiary and vocational training development throughout Cambodia. Kim Heang, CEO of Khmer Real Estate and current President of the Cambodian Valuers and Estate Agents Association (CVEA), says that the peak industry body plans to start a training institute after Khmer New Year with the view of providing essential technical vocational training for the real estate industry. โ€œWe plan to create a specialised institute - as the bulk of the dirty work is not done by the architect or engineer; itโ€™s done by tradesmen. In Cambodian culture we value high position professions but forget about these trades such as plumbers and electricians. These people have a lot of value. This is where the role for vocational training lies. Not everyone can decide to be a crane operator and just go and do itโ€, he says. Kim notes that the CVEA has the full support of the Ministry of Banking and Finance to undertake their training institute project later this year, โ€œWe have the backing of the ministry for a real estate training school. Over the next year we plan to provide three months vocational training in agency work and property valuation.โ€ Simon Griffiths, Associate Director of CBRE, believes along with technical training, realtors need to take the lead in upholding high standards. โ€œStandards and quality all exist in Cambodia. We need real estate firms to take the lead to act responsibly while those valuation standards and new laws are being put in place. The industry as a whole needs toย recognizeย the importance of valuation and not bend theย rules when it suits because the impact it can have is very severe. ANZ and the other banks will know the risk of improper valuation.โ€ โ€œCambodia has so much potential,โ€ says Kim, โ€œWe have to compete with our neighbours now we are part of the Asean Economic Community (AEC). We hope our trainees will go out and even work abroad, then bring back this knowledge to Cambodia to advance the real estate industry as a wholeโ€.
Villa Vs. Condo? The Verdict is out
Villa Vs. Condo? The Verdict is out
June 6, 2022, 5:05 p.m.
Realestate News
Looking to invest in the abundant real estate market in Phnom Penh but not sure whether to purchase a villa or a condominium? โ€œVillas are the better choiceโ€, advises Ms. Tang Hour, President of Amatak Property Services, โ€œInvestors will make more money in the short-term depending on the location.โ€ Chee Yeong Yap, Project Director of Grand Phnom Penh International City agrees, โ€œOwnership of landed property is better than condos, especially in underdeveloped countries like Cambodia.โ€ ย Tang suggests Boeng Keng Kang 1 (BKK 1) as the top location with those located around Monivong or Norodom Boulevard as the next best choices. BKK 2 and BKK3 as well as Toul Tom Poung and Toul Kork are also lucrative options. [caption id="attachment_80518" align="alignleft" width="225"] Chee Yeong Yap, Project Director of Grand Phnom Penh International City[/caption]ALL VILLAS FOR SALE IN PHNOM PENHโ€œYou can make up to USD 1,000 extra per square metre after just six months to one year of selling a villa in BKK 1,โ€ she says, adding that villas are far easier to resell than a condominium.ย It is important to note that when purchasing a villa in Cambodia, the average deposit amount required is between 20-30 percent of the total price. Then the outstanding balance is expected to be paid in one lump sum. Whereas when purchasing a condo, an initial deposit of between USD 1-3,000 is required up front, then 5-10 percent of the total price is paid each month as a mortgage repayment.ย Tang advises against investing in a villa within a Borey as this does not make as much money as a stand-alone location. โ€œBuy landed property that has a hard title and proper development planning,โ€ says Chee, โ€œMake sure there is a longer term plan such as Township development as opposed to a Borey Development. Ensure that plans meet the governmentโ€™s minimum requirements.โ€ For those set on buying a condo, Tang says your best bet is to purchase more than one; aim to buy multiple units in order to get a better return in the longer-term, โ€œBuying individual units wonโ€™t make money, itโ€™s better to buy between 2-5 units if you can afford itโ€. [caption id="attachment_80918" align="alignright" width="200"] Tang Hour, president of Amatak Property Services[/caption] Chee advises to invest in a condominium located near international schools as this will be relatively safe in the longer term.ย Another good money-making option is to purchase land around riverside or BKK 1 and develop a condo complex. Tang says this will give you a decent return over time but to bear in mind the management costs involved. โ€œNot many local buyers are willing to pay the monthly maintenance fees as these can be expensive,โ€ says Chee.INVEST INย CONDOS IN CAMBODIAHe adds, โ€œMany condos in the city do not provide sufficient car parking for owners not to mention parking for their visitors. Long term this is a nightmare for residents particularly around high density condo developments.โ€ Keep in mind that legislation passed at the beginning of April 2010 allows foreigners to own property in Cambodian buildings above the ground floor. This works well for apartments in condominiums, but does not apply to villas. Learn more about Cambodian land titles here.Enjoyed this article? Learn more on Realestate.com.kh today. Here is a great guide to buying property off plan - that means, buying before the house is completed. It's a great way to secure a modern home at a great price...
Creed Group Invites Investors
Creed Group Invites Investors
June 6, 2022, 5:06 p.m.
Realestate News
ไฟก่พพ้›†ๅ›ขๆ˜ฏๆŸฌๅŸ”ๅฏจ็ฌฌไธ€ๅฎถไนŸๆ˜ฏๆœ€ๅคง็š„ๆ—ฅๆœฌๅผ€ๅ‘ๅ•†๏ผŒๅนถไบŽ2015ๅนดๅœจBodaiju Residencesๅนฟๅ—ๆฌข่ฟŽ็š„Bodaiju Residencesไน‹ๅŽ็ˆ†็‚ธๆˆไบ†็‰ฉไธšๅ‘ๅฑ•็Žฐๅœบใ€‚ย ๆˆๅŠŸๆ—ฅๆœŸ๏ผšๅœจๆ—ฅๆœฌ๏ผŒๆ–ฐๅŠ ๅก๏ผŒ้ฉฌๆฅ่ฅฟไบšๅ’Œๅคšไธชๅ…ถไป–ๅธ‚ๅœบ็š„ๆˆๅŠŸ่ฎฐๅฝ•ๅฏนไบŽBodaiju ResidencesๅœจๆŸฌๅŸ”ๅฏจ็š„้”€ๅ”ฎๆˆๅŠŸ่‡ณๅ…ณ้‡่ฆ๏ผŒ่‡ชไปŽๅ‘ๅธƒไปฅๆฅ๏ผŒๅทฒ็ปๅ”ฎๅ‡บไบ†Aๅ’ŒB็ฑปๅปบ็ญ‘็š„90๏ผ…ใ€‚ๅชๆœ‰ๆœ‰้™็š„ๆ—ถ้—ดๆ‰่ƒฝๅˆฉ็”จโ€œๆ—ฉๆœŸ็š„้ธŸโ€ไผ˜ๆƒ ๏ผŒBodaijuๅฐ†ไธพๅŠžไธ€็ณปๅˆ—ๆดปๅŠจ๏ผŒไธบ่กŒไธšๅ’ŒๆŠ•่ต„่€…ไผ ่พพๆŠ•่ต„ไธ–็•Œ้ข†ๅ…ˆ็š„ๅ…ฌๅฏ“้กน็›ฎ็š„ๅฅฝๅค„ใ€‚The Creed Group have drawn on their extensive experience, research and deep understanding of the local and international real estate markets, and identified an opportunity for landed property projects in Cambodia - constructed to Japanese standards, whilst taking into consideration local Cambodian culture and market preferences. Great success with local investors with the Bodaiju Residences project were encouraging signs that the Creed Groupย construction standards appealed not only to an international market but the local Cambodian market as well.Introducing: Borey Maha Sen SokBorey Maha Sen Sokๅ†ๆฌกๆ–นไพฟๅœฐ้ ่ฟ‘ไธ–็•Œๆ ‡ๅ‡†็š„ๅ›ฝ้™…ๅญฆๆ ก๏ผŒๅณๅฐ†ๅปบๆˆ็š„็™พ็››่ดญ็‰ฉไธญๅฟƒๅ’Œ้‡‘่พนๅ›ฝ้™…ๆœบๅœบ - ไธบๆ‰€ๆœ‰ๅ…ณ้”ฎ่ฎพๆ–ฝๆไพ›ๆฝœๅœจ็š„ๆŠ•่ต„่€…ๅ’Œๅฑ…ๆฐ‘ไธ–็•Œ็บง็š„็”Ÿๆดปๆฐดๅ‡†ใ€‚Borey Maha Sen Sokๅฐ†็”ฑไธคไธชๅœฐไบง็ฑปๅž‹็ป„ๆˆ; โ€œSatsukiโ€ๆ˜ฏไธ€้—ด2้—ดๅงๅฎค๏ผŒ3้—ดๆตดๅฎคไปŽไฝŽ่‡ณ47,500็พŽๅ…ƒ่ตทใ€‚่€Œ็ฌฌไบŒ็ง็‰ฉไธš็ฑปๅž‹โ€œBotanโ€ๆ˜ฏไธ€้—ด4้—ดๅงๅฎค๏ผŒ5้—ดๆตดๅฎค่ฟžๆŽฅๆˆฟๅฑ‹ๆจช่ทจๅœฐ้ข๏ผŒๅคนๅฑ‚ๆฅผๅ’Œ1ๅฑ‚ๆฅผใ€‚ๅœจRealestate.com.khไธŠๆŸฅ็œ‹ๅฎŒๆ•ด็š„ๅˆ—่กจ[caption id =โ€œattachment_80842โ€align =โ€œaligncenterโ€width =โ€œ300โ€] 'Satsuki'ๆ˜ฏไธ€ไธช2้—ดๅงๅฎค๏ผŒ3ไธชๆตดๅฎคๅฑžๆ€งไปŽไฝŽ่‡ณ$ 47.500่ตท[/ caption] [caption id =โ€œattachment_80843โ€align = โ€œๅฏนๅ‡†ไธญๅฟƒโ€width =โ€œ300โ€] 'ๆค็‰ฉ'ๆ˜ฏไธ€ไธช4้—ดๅงๅฎค๏ผŒ5้—ดๆตดๅฎค่ฟžๆŽฅๆˆฟๅฑ‹ๆจชๅ‘ๅœฐ้ข๏ผŒๅคนๅฑ‚ๆฅผๅ’Œ1ๆฅผใ€‚[/ caption]่งไธ‹้ข็š„ๆ—ฅๆœŸ๏ผŒๅœจๆ‚จ็š„ๆ—ฅๅŽ†ไธญๆ ‡่ฎฐ๏ผŒไปฅไพฟๆœ‰ๆœบไผšๅ‘็ŽฐBodaijuๅ…ฌๅฏ“็Šถ่ฏญไปŽๅฅ๏ผšๅŒ—้ฃŽไน‹็ฅž็Ž›ๅ“ˆๆฃฎ็ดขไธบๆŸฌๅŸ”ๅฏจๅฏปๆฑ‚่ฟฝๆฑ‚่€…็Šถ่ฏญไปŽๅฅ๏ผš็ฒพๆ˜ŽๆŠ•่ต„่€…ๆไพ›็š„็‹ฌ็‰นๆœบไผšใ€‚