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Clean your Aircon with these easy tips
Clean your Aircon with these easy tips
June 6, 2022, 5:04 p.m.
Realestate News
Aircon units in your home or office need a service once a year if you want them to keep pumping cool air at full capacity! Now that winterโ€™s come around and you donโ€™t need the aircon on, itโ€™s the perfect time to give your unit a long needed check up! Stay cool and save cash on power bills with these simple maintenance checks, thanks to realestate.com.kh.ย Time for a new filter:If you have a central air system, make sure you change the filters every few months. If you have let it slide all year, nowโ€™s a prime time to do your chores and change it!And while youโ€™re at it, clean the vents!At least a few times a year, you need to dust your aircon vents to keep the airflow free and easy. If it still seems muffled after this, you should hire a professional aircon cleaning person to give your air ducts and vents a full thorough blowout.Make sure you arenโ€™t blocking the condensing unit:The air conditioner unit that sits outside and draws air into the system must be unrestricted and uncovered. It seems obvious, but sometimes people forget they left the mat lying on top. Make sure the induction vents a clean and clear, and you should be winning!Still seem Funky?If you unit still seems to be struggling, you might have an issue with your Freon Levels. Get a pro to check for a leak (especially if your aircon is an old model). While your at it, better get them to check the electrical controls and coils are in tip top shape too. They can also calibrate your thermostat if need be. Is wood or tile floors best for your home?? Find out here.
Online Marketing that PAYS, part 2
Online Marketing that PAYS, part 2
June 6, 2022, 5:05 p.m.
Realestate News
Most peopleโ€™s attention span lasts between 5 and 10 secondsโ€ฆ For those involved in marketing, and especially digital marketing, this means that you need to work extremely efficiently if you want to engage the right customers at the right place and the right time, and share with them a message that they will actually take on board. Don't forget to read part 1 first! Read it here.Because online marketing is our full time job here at Realestate.com.kh, we would like to share a few tips to get the most benefit from your various online marketing channels โ€“ and ultimately, sell and rent more property through the internet. ย Online marketing with your own Website: Your company website is home sweet home, no matter what business you are โ€“ but, remember, your website must reflect your underlying objectives if you want it to be successful.ย Don't forget to read part 1 first! Read it here. Of course, the layout and functionality will be totally different depending on the online marketing objectives. Your website might exist purely for branding purposes, in which case focus on the presentation. But if you intend to sell directly through your website as an ecommerce application, your design must focus on functionality and smoothly facilitating the sale, and after-sale support. Regardless of the intent of your website, it is crucial that it is easy to navigate, and the content is relevant and engaging to visitors. Want to learn how to use LinkedIn for real estate sales? Success metrics are always at hand to advise of the development of your website, whether it be considering generic goals such as overall revenue and conversions - or more specific analysis, for example building offsite referrals from social channels, or considering the best demographic targeting for your website. If you want a bigger audience to visit your website, the sole answer is content. Clear, engaging and consistent content is the only way to grow your website sustainably. Remember that longer term trends and analytics must be well-considered during any development of your website. A website is not like a short term marketing drive. Your website is here to stay for the life of your business. This means any changes you make should consider the present, but always look to the future. Why online marketing can help you test ideas quickly!Online marketing with your Email Database: Business people and individuals can receive hundreds of emails every week. Because of this flow of info, if your email online marketing is stale it will quite-simply fail because those emails will never see the light of day. Nearly all email database marketing has the same objectives: increasing click-through rates to your company websites; and reducing the number of contacts choosing to unsubscribe from your communications. Thus, to improve on returns from email online marketing, make sure you keep a clean and organized database โ€“ this will allow you to build trust with recipients and recognized email addresses. Increase your open rate with inviting email titles, and always test innovation. Throw in new elements such as video, interactive features and try to maintain a personal touch for your database members.ย Don't forget to read part 1 first! Read it here.Alternatively - Let us take care of your digital marketing and send you the sales inquiries. Realestate.com.kh can share itโ€™s huge online audience with you. If you are an agent or developer, there is no easier way to improve your online sales conversions. Find out more today.
Online Marketing that PAYS, part 1
Online Marketing that PAYS, part 1
June 6, 2022, 5:05 p.m.
Realestate News
Most peopleโ€™s attention span lasts between 5 and 10 secondsโ€ฆ For those involved in marketing, and especially digital marketing, this means that you need to work extremely efficiently if you want to engage the right customers at the right place and the right time, and share with them a message that they will actually take on board. Read part 1 already? Read part 2 here!Because online marketing is our full time job here at Realestate.com.kh, we would like to share a few tips to get the most benefit from your various online marketing channels โ€“ and ultimately, sell and rent more property through the internet.Online marketing with your Social Media Channels: No longer are the ultimate goals of social media likes, follows, and shares. Nowadays, social media marketing is a direct source of sales and represents great and highly affordable opportunities for marketers of all kinds. Of course, it is no secret that online companies like Facebook, Twitter, Pinterest and Instagram have developed their services to support company branding and sales. By simple testing, you can soon find our which social channels deliver you the best rate of conversions, click throughs and brand awareness. However, if you are situated in Cambodia, it is a safe bet that Facebook will come out number one - as the majority of the countryโ€™s 3.4 Million strong social media users taking first and foremost to Facebook. Surprisingly, some locals still understand Facebook and the Internet as a conjoined concept.ย Want to learn how to use LinkedIn for real estate sales?Online marketing with Search Engine Optimization (SEO): SEO is the least understood type of online marketing โ€“ but can be the most expensive and, for many online businesses, the most important. Basically, your company website is as useful as it is visited. If nobody can find your website, it is as useful as a 50 foot billboard behind a wall. SEO can be divided by on-page and offsite SEO. On-page relates to developing the navigation of your website so that all content is easily available to visitors. Offsite SEO is like casting a net โ€“ developing your offsite SEO will mean more people searching on leading search engines, such as google.com and its international network of sites, will find your site in their search results, and before they find your competitorsโ€ฆ Be patient when developing your SEO as results will not come overnight. Remember, once again, there is no avoiding the need for content. ย If you want a bigger audience to visit your website, and improve your websiteโ€™s organic SEO, content is key โ€“ now, more than ever. Clear, engaging and consistent content is the key to growing your SEO sustainably. New search algorithms demand that top ranking pages must provide the user with content that engages them, and is unique and well referenced. If your post is about buying real estate in Chamkarmon, for example, it needs to be genuinely useful to your readers if it is ever going to rank well in SEO. The days are over when you can simply load articles with keywords and expect search results. Further, your keyword selection is crucial for a successful SEO strategy. You must clearly target your strategy to bid for the search key words most likely to bring revenue to your business. Donโ€™t waste any time or money trying to win key words that will never convert. Also be wary about your competition. ย If you see that another website has dominated certain key words for a long time, your chances of beating them are much lower, and will require far more effort in regards to content creation. Look for the low hanging fruit first, and the key words that will convert.ย Why online marketing can help you test ideas quickly!Online marketing with Paid Ads: Whether you are considering implementing search, display, or social ads into your online marketing strategy, always pay attention to conversion tracking and testing first and foremost. Otherwise, you are swinging in the dark! By using conversion tracking for paid advertising initiatives, you can immediately gauge which ads and keywords bring revenue with the highest return on your investment. Test and optimize all elements of the campaign until your success metrics start to show growth. The same rule applies whether you are interested in branding or conversions. Keep in mind; you will incur additional creative costs during this process if you want to do it right. It is important that you ensure your content and other visual media is in line with your audience, marketing strategy, and company image. Enjoyed the post so far?? Read part 2 here!Alternatively - Let us take care of your digital marketing and send you the sales inquiries. Realestate.com.kh can share itโ€™s huge online audience with you. If you are an agent or developer, there is no easier way to improve your online sales conversions. Find out more today.
Real Estate Investment Tips
Real Estate Investment Tips
June 6, 2022, 5:05 p.m.
Realestate News
Is it true that you are considering a real estate investment? Would you like to purchase another residence or perhaps buy another to restore? In any case, this article will give you some good advice. This data can place you in the best position to succeed. You'll be all around arranged in using sound judgment with regards to putting into real estate investment. Ensure that you make a course of action for what you craving to finish. If you want to save your time then figure out the time needed for the process. Once you developed a plan, meet with the person in charge to talk about deal that you need to accomplish. There are times when its hard for you to decide on a certain deal or property, if that consumes too much effort and time, then it might not be the right deal. Proceed onward and ensure you don't pass up a great opportunity for the other extraordinary investment out there. Ensure you have a financial plan when you put resources into real estate that include the amount you must pay to repair the house you're purchasing. You would prefer not to blow your cash on getting real estate just to discover that you can't bear to repair it up. Your decisions range from purchasing and flipping, purchasing and renovate or purchasing and leasing. It is better to master one of the three decisions than do the two or three. After all, you will make profit over the long haul by purchasing and holding. Never buy a property if just simply want to add to the total property you own. Despite the fact that many people do this, most learn in the most difficult way possible that it isn't wise. When you concentrate on fewer real estate investment, you will have a better investment success rate. Additionally, this is to making sure your investments are great. Continuously have an plan for your investment. What is your objective? How are you going to accomplish that? Do you have any partner or you are by yourself? Do you have an approach to get it? It is really important to invest time making a plan so that you realize what you are going in. Prior to scouting homes, its better to check your funding. You should know where the finance will come from, otherwise you are just wasting your time. The good Investor always interested in the best properties. Proper education in real estate can get you lot of profit. Keep reading our articles to boost your knowledge about real estate investment.
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Chinese Railway Expands to Thailand
Chinese Railway Expands to Thailand
June 6, 2022, 5:05 p.m.
Realestate News
Plans for a Chinese Railway network across ASEAN are beginning to solidify, with China pushing the long-stalled project into action in recent news and signing an agreement with the Laotian government, and now, Thailand. If this Chinese railway ultimately extends to Phnom Penh, the real estate market should certainly see benefits. This is not a new story, however.Thailand and China announced the beginning of aย cooperation agreement this weekย to develop Thailand's first standard-gauge double-track railway line, aย 845-kilometer line that will link Bangkok with the northeastern city of Nong Khai near the border of Laos. Construction is slated to begin in May 2016. This latest announcement comes after China and Laos reached agreement last month to build a 40-billion yuan ($6.28 billion), 418-kilometer railway from Kunming, the capital of southwestern Chinaโ€™s Yunnan province, to Vientiane, Laos capital, according to the official China Economic Herald report that followed a signing ceremony. The ceremony was attended by the National Development and Reform Commission, China Railway Corporation, and Export-Import Bank of China. According to Chinese media, China will cover 70 percent of the necessary investment for the new Chinese railway line, while Laos will be responsible for the remainder. Once in operation, the Chinese railway will be Laosโ€™ longest and fastest yet, with an average speed of 160 kilometers per hour and 60 percent of the line being bridges and tunnels. The next step for Chinaโ€™s Silk Road railway is yet to be seen, and the world waits to see whether a full-scale ASEAN Railway will become a reality.
Development At Sihanoukville, An Integrated Lifestyle Dโ€™Seaview
Development At Sihanoukville, An Integrated Lifestyle Dโ€™Seaview
June 6, 2022, 5:05 p.m.
Realestate News
Camhomesโ€™ maiden mixed development at Sihanoukville, Dโ€™Seaview, aims to bring an integrated concept of living to Sihanoukville, which focuses on the convenience that only a mixed development can offer: living and shopping at the highest standards in the same building. Besides offering high quality homes while retaining affordable prices, Camhomesโ€™ Group General Manager, Ryan Ong, also emphasised on the potential capital appreciation and first moversโ€™ advantage for buyers who invest in a Dโ€™Seaview unit, regardless of whether they are residential or commercial buyers. Investing in a mixed development at Sihanoukville that comes to life through commercial and residential owners and tenants, acts as a hedge against future inflation. Having the advantage of being in a prime economic seaside location like Sihanoukville, with its deep-sea port, Special Economic Zone, international airport, as well as its oil and gas industry commencing operations soon, Dโ€™Seaview is the market leader in high-standard condos that extends its services beyond just quality housing and to the world of commerce. โ€œWith Sihanoukville being an up-and-coming booming coastal city, it is only a matter of time before more foreign businesses start coming into this province, and when that happens, housing will be the first few things they will look out for, thus we are hoping to fill up this hole,โ€ Ong explains. Envisioning what expatriates and locals would appreciate within such a mixed development at Sihanoukville, Dโ€™Seaview places its focus on the integration of convenience, facilities, lifestyle, and status. In addition to its two residential towers, Dโ€™Seaview has four commercial blocks comprising 66 units. These include a vast ground-level space of approximately 500 square metres dedicated solely to F&B, either a food-court or a restaurant, which is priced at an estimated $1.7 million. Also, there is the second level that will be left as a wide plan for retail purposes. From the third to the seventh levels are smaller commercial units with high ceilings and floor-to-ceiling windows. Dโ€™Seaview also has a hotel block, which is open to investors, as well as local shophouse-style blocks that are targeted at Cambodians who would like to set up their business as well as live there. A typical commercial block features a third-storey roof terrace, which Dโ€™Seaview visualises to be a childcare centre, a spa, a salon, or even a family karaoke lounge hall. However, the final outcome depends on the imagination of the buyer. The variety and potential of Dโ€™Seaviewโ€™s commercial hemisphere brings the term mixed development to a whole new level, โ€œwhich will be satisfying a lot of purchasersโ€™ requirements and demands,โ€ as explained by Ong. Such is the flexibility of Dโ€™Seaview in catering to its commercial purchasersโ€™ needs that if a buyer wants to purchase an entire floor, Camhomes will be more than willing to work with them and help them in re-designing the floor plan. The starting price per square metre for a commercial unit within the compound is from $1619. Some commercial units have already been sold since the launch of its retail store spaces last weekend. With a ready pool of customers from the 735 units of residences and the 98-room hotel, Dโ€™Seaviewโ€™s commercial hub looks to be abuzz with consumer activities once the development is completed in Q1 of 2018. Open to the public, the lifestyle element is a factor of appeal, as the commercial units will feature a slew of trendy bistros and cafes that has the potential to be the new uptown of Sihanoukville. Dโ€™Seaview envisions itself to be a cosmopolitan hub with a balanced mix of locals and foreigners. On what sets Dโ€™Seaview apart from other housing developments, Ong elaborates, โ€œwe have the advantage of the seaside and close proximity to the port, thus reducing travel and delivery of consumer goods. Our central location among the seaport, airport, and the future highway connecting Sihanoukville to Phnom Penh, is also another great advantage.โ€ Realise your housing and commercial dreams now; visit Camhomesโ€™ Dโ€™Seaview showroom at Canadia Towers and talk to their property consultants, call their hotline at 023 985 828 / 097 768 9090. Phnom Penh Post, Post Property.
Prince Central Plaza : Doraemon Recognises The Future In Phnom Penh kh version
Prince Central Plaza : Doraemon Recognises The Future In Phnom Penh kh version
June 6, 2022, 5:06 p.m.
Realestate News
Flanked by life-sized statues of Japanese cartoon character Doraemon, and the infamous one-eyed yellow minions made popular by the animated American movie Despicable Me, Chinaโ€™s Prince Real Estate was far from alone at the official launch of their showroom (opposite the National Assembly), and the opening ceremony of its latest development Prince Central Plaza, a HOPSCAโ€”Hotel, Offices, Parks, Shopping Mall, Convention Centre, and Apartmentsโ€”last Tuesday. Want to learn more about Prince Central Plaza? Here is the full listing, on Realestate.com.kh. While the launch aimed to spice up the humdrum of a typical property launch, Pol Lyta, a property consultant for Prince Central Plaza, explained the deeper meaning behind the unusual marketing strategy, saying, โ€œDoraemon is a robot cat that comes from the future [22nd century], and can go back into the past, and he is also able to fly all over the world.โ€ With the ability Doraemon possesses, it seems to refer to Prince Central Plazaโ€™s outlook on the future of Phnom Penh in making the development the integrated business and lifestyle nucleus of the Kingdom, while retaining an avant-garde take on traditional Khmer architectural design. As countless Doraemons had flown in to Phnom Penh to station themselves at the opening ceremony, Despicable Meโ€™s yellow minions had also come along for the ride, possibly to inject some humour and entertainment to a typical lacklustre affair. Being an entertainment-centralised hub, Lyta elaborated that โ€œthe minions from Despicable Me represent the fun and entertaining side of what Prince Central Plazaโ€™s various amenities and facilities can offer.โ€ย Want to learn more about Prince Central Plaza? Here is the full listing, on Realestate.com.kh. To emphasise its point, guests at the launch were also given freebies in the form of the one-eyed yellow minion soft toy plushies. However random it may seem, such cute and fun twists are not uncommon here. In 2012, an Angry Birds Foreign Language School had sprung up in Banteay Meanchey province, riding on the wings of the insane global phenomenon that the Angry Birds game had prompted. Nonetheless, the opening ceremony of Prince Central Plaza was not all fun and games. Having sold an approximate 200 out of its 1,786 residential units just at the launch itself, it has also sold an estimated 40 per cent of its homes thus far. Prices range from an average of $58,000 for a one-bedroom apartment, to $100,000 for a two-bedroom apartment. Almost all of its snazzy penthouses, which cost from $250,000 to $600,000, have been snapped up as of the launch day. As with the case of the Angry Birds school, whose owner was nonchalant in using the fowlsโ€™ infamousness without consulting their copyright holders, it is unclear whether these future robot cats and one-eyed yellow minions were lawfully licensed as mascots for Prince Central Plazaโ€™s opening ceremony. What is definitely clear, however, is the completion of the impressive Prince Central Plaza slated for May 2018, located at the pulse of Phnom Penhโ€™s heart south of Norodom Boulevard, wherein its residents may just be lavishly greeted with another surprise appearance by the unofficial mascots. Hanamariya Halim, Phnom Penh Post, Post Property.ย Want to learn more about Prince Central Plaza? Here is the full listing, on Realestate.com.kh.
The Bay To Begin Construction In First Quarter Of 2016
The Bay To Begin Construction In First Quarter Of 2016
June 6, 2022, 5:05 p.m.
Realestate News
After a tumultuous year in Cambodia for Singapore-based TEHO International, the developers of the $500 million The Bay condominium project on Chroy Changvar peninsula said construction will begin early next year with a new marketing strategy after another managerial shakeup.ย Want to inquire aboutย a unit in the Bay? Check out the full listing today, on realestate.com.kh.ย  Announced on the Singapore Stock Exchange earlier this week, ECG (Cambodia) was bought out and formalized into the parent company ECG Propertyโ€”a wholly owned subsidiary of TEHO International that handles all marketing and promotional activities. Previously operated by the joint ventureโ€™s partner, Sok Bun, ECG Cambodia was purchased to a tune of $71,776, or what amounted to 45 per cent of the initial paid-up share capital. Currently, the unaudited net assets for ECG Cambodia as of July 2015 amounted to $169,836, the statement read. While ECG Cambodia will still perform its duties as the acting real estate agency for The Bay, all marketing and promotional activities will be conducted at the head office back in Singapore. Phua Cheng Boon, Financial Controller for TEHO International, said, โ€œit is good to have full integration of our projects.โ€ โ€œWe will have somebody based in Singapore who will be able to run operations regionally as well,โ€ he said.ย Want to inquire aboutย a unit in the Bay? Check out the full listing today, on realestate.com.kh.ย  It was previously reported by The Post that 100 condominium units had been sold since the soft launch in September. However, Phua declined to provide current figures. โ€œWhile we canโ€™t disclose the level of sales, we are confident to say that construction will begin in the first quarter of 2016,โ€ he said. With a new marketing strategy, he added, the development โ€œwill not be about big exposure.โ€ TEHO International, which formally launched the project in February of this year, had spent $1.1 million on advertising and promotional activities, as well as around $600,000 in legal and professional expenses to promote the development, an annual filing in August stated. While Sok Bun, who resigned from his position as director of the board, currently awaits trial for the beating of a former TV star, his shoes has since been filled by Yim Chhay Line, the daughter of Deputy Prime Minister Yim Chhay Ly. โ€œShe is a good asset to the group and I am confident that all the necessary requirements for construction have been achieved,โ€ said Phua. Kim Heang, CEO of Khmer Real Estate, said that a marketing shift to overseas investors is the โ€œsmartestโ€ market strategy for The Bay, as it faces more competition and is also behind schedule. When asked if The Bay would miss out on the local segment, Heang explained that it is too small, โ€œso why [do] they need to waste time and money [on] the local segment?โ€ With a few soft approaches to buyers in Japan, Hong Kong and Taiwan recently, Phua said sales โ€œhave picked up.โ€ โ€œWe are doing this gradually because The Bay is a rather large project. We are going to all these different countries to do soft launches to get sufficient buying. We want to position [ourselves] as [a] more exclusive development,โ€ he said. Want to inquire aboutย a unit in the Bay? Check out the full listing today, on realestate.com.kh.ย  Kali Kotoski, Phnom Penh Post, Post Property.
Doubts surround Master Plan of Phnom Penh
Doubts surround Master Plan of Phnom Penh
June 6, 2022, 5:05 p.m.
Realestate News
Last Friday, master plan of Phnom Penh until 2035 was fully approved by the council of ministers, as announced by Pa Socheatvong, governor of Phnom Penh. While it is claimed that the plan is complete, those in the private and public sector and other relevant stakeholders fear that they have not been adequately consulted, raising concerns that implementation is unlikely and unjust. Without a publicly available draft that addresses socio-economic conditions as well as infrastructure, zoning, land title rights and all other concerns that come with the development of a city, they say it is unclear as to what the master plan of Phnom Penhย actually entails. Takashi Ito, Senior Representative of the Japan International Cooperation Agency (JICA) described the master plan as โ€œa fruit of self-efforts by Phnom Penh municipality,โ€ stating that JICA played no part in the current approved plan. Ito pointed out however, that JICA has submitted a master plan for transportation lines in March of this year, and is currently working on a master plan of Phnom Penh for a citywide sewage and drainage system. โ€œWe continue to be interested in healthy development of the capital city, which is why we have engaged in [these] two master plans,โ€ Ito stated in an email. While Ito wouldnโ€™t give Post Property an overview of the resources that are necessary to implement only a few crucial issues concerning city development, he admitted that without adequate resources, โ€œit is not really practical to try to address all the problems,โ€ he said. When it comes to meeting the demands of a burgeoning city and population, โ€œit is, in a sense, a question of priority,โ€ he said. To him, the success of a master plan hinges โ€œnot only on the degree of commitment of the municipality itself, but also on the degree of support and participation of other relevant governmental institutions, [possibly including] the private sectorโ€ and civil society. Piotr Sasin, country director for Czech NGO People in Need that focuses on spatial planning in Phnom Penh, called it โ€œworrying that the plan has been developed in secrecy without the consultation of civil society groups.โ€ He argues that city development is a complicated process that needs to be carefully coordinated to ensure implementation that properly addresses all issues. โ€œWe would appreciate if the municipality shared the plan with all shareholders so they can work on something that we will all be proud about. There are resources and the capacity to do this,โ€ he said. Considering the sheer complexity of a master plan, Sasin admitted that โ€œthe majority of all master plans are never really implemented.โ€ โ€œItโ€™s about the process, bringing the people together and it would be the job of the municipality to coordinate these efforts,โ€ he said. Long Dimanche, spokesperson of City Hall, however, said that there have been specialists outside the municipality working on the master plan. โ€œWe have been working on this master plan since 2002 and had help from many groups of Cambodian professionals such as architectures, land management, landscaping, environmental, engineering, and [from the] cultural aspect and we had advice from French experts,โ€ he said. According to Nicolas Baudouin, spokesperson for the French Embassy, French involvement in the city master plan ended with the publication of the 2007 White Paper, titled Livre Blanc. While the 330-page long master plan was published by Phnom Penh municipality, and outlined development until 2020, it was never adopted. โ€œThe project was considered complete with the publishing of the report and funding stopped. Why it wasnโ€™t adopted, I donโ€™t know,โ€ Baudouin said. Even though French involvement stopped in 2007, governor Socheatvong cited 14 focus points that are identical to the ones listed back in 2007. While the 14 points are meant to address issues such as zoning, open spaces and land title issues, Socheatvong said that what contributed to the adoption of this version was spurred by economic growth, commerce and a rising population. โ€œThe main purpose of the 2035 Phnom Penh land usage is the strategic document in order to serve the governmentโ€™s ambition as well as the aim of Phnom Penh municipality and their vision toward 2035 of managing and setting the direction of economic developmentโ€ฆ in an attempt to meet the increasing demand of private investment and the population in Phnom Penh,โ€ he said. Dimanche added that he did not know when the overall master plan would be published publicly, despite last weekโ€™s approval. However, he said the government will issue a new order to properly implement the city development plan. Meng Bunnarith, spokesperson for the Ministry of Land Management, Urban Planning and Construction, said that while the framework that was adopted by the council of ministers is comprehensive, it only provides a general overview that does not give much insight to critical details. The ministry has to set specific regulations in order to ensure a clearer use of land, he said. Nevertheless, Sasin fears that a master plan can be used to further exclude marginalised groups. โ€œMy main fear is that it will be a plan for the privileged,โ€ he said. As an example, he worries that poor urban communities who have been excluded from systematic land titling, such as the evictees in Borei Keila or in Boeung Kak, would still not be addressed. He added that City Hallโ€™s lack of transparency opens the door for misjudgment and misinterpretation. โ€œIf they published the document and got other stakeholders involved they could really pass on a positive message to the city which would be: we care.โ€ Julius Thiemann, Siv Meng and Moeun Nhean, Phnom Penh Post, Post Property.
Investor Holidays: See, Smell, Hear, Touch and Buyโ€ฆ
Investor Holidays: See, Smell, Hear, Touch and Buyโ€ฆ
June 6, 2022, 5:06 p.m.
Realestate News
Local and internationally-based real estate agencies, as well as new development sales teams, are using investment junkets to encourage foreign investment into Cambodian real estate, especially for bigger developments that largely depend on cash from overseas. โ€œInvestment tours provide a unique opportunity for personal interaction to close the gap between the investor and the opportunity,โ€ says Grant Fitzgerald, general manager of IPS Cambodia. โ€œThis can range from professional meetings with local fund managers and banks, development company headquarters, showrooms, law offices, accountants and even local government representatives.โ€ These tours, aimed to grease the wheels and spur investment, are typically subsidized by the agency or developer, and can last from as little as a few days to a week. They will always include visits to popular development corridors, such as Chroy Changvar and Diamond Island, says David Kim, CEO of Informax Real Estate Service. Imtiaz Panjwani, chairman of Seer Realty India and Ivanna Capital London, who consults on London and Dubai properties, as well as overseeing various international investment accounts, is one investor who joined a tour earlier this year. โ€œLiving and working in London real estate, few investors venture all the way to Cambodia,โ€ he remarked. โ€œBut the chance to relax in a tourism hotspot such as Cambodia has recently become, and also survey the rising property market was, irresistible.โ€ Yet, while the tours are focused on bringing in cash, one of the main goals is to present Cambodia as a whole. Investors generally undertake trips to main attractions, and spend nights out on the town with their fellow investors. โ€œWhile I came as investor, I had to check out Angkor Wat while I was here and try the local bar and cuisine scene,โ€ said Panjwani. Ly Senleap, CEO of Furi Real estate and F.U.G.I Investment, said that investor tours seek to defeat an outdated mindset. โ€œHonestly, before I came to Cambodia, I expected to land in little more than a large village,โ€ said Panjwani. While Cambodiaโ€™s construction boom continues, and the country grapples with wrestling itself out of least-developed country status, many perceptions of the wealth of the country have been overlooked, despite nearly two decades of swift economic growth. Kim recalls when one group of investors brought boxes of Coca Cola to their Cambodian partners as gifts when they arrived. โ€œThey thought this would be a novelty for Cambodian people. Little did they know, Cambodia already has its own Coca Cola factory. This is just a funny story, but it is true that many investors are genuinely surprised by the level of wealth among local people when they first arrive.โ€ ย  โ€œDue to Cambodiaโ€™s history and lasting international image, buyers need to witness the growth of the nation for themselves and see just how far from reality the stigma actually lies,โ€ Ly said. With this in mind, Lyโ€™s company, F.U.G.I Investment, is currently planning an investorโ€™s seminar to be held in Phnom Penh in early 2016. Due to fluctuating investment conditions in their home economies,Kim says most tours bring potential buyers from Singapore, Taiwan and mainland China. Meanwhile, few Japanese and Western investors currently make the trip. While these tours aim to wine and dine investors by ramping up a hands-on sales pitch as many sales are sold on speculation, Ly notes that for developers who offer guaranteed rental returns, these tours can legitimise a development. โ€œIf the area is growing fast, and current price increases reflect the estimated potential of the proposed Guaranteed Rental Return (GRR) - buyers will have confidence that promised GRR will, in fact, come once the project reaches completion,โ€ he says. However, some think that it takes more than just a stroll around the block to prove if an investment will pay off. "Finding a property with good capital growth profit and positive rental yields is like finding a rare gem,โ€ says Edwin Low, general manager of Axis Residences. โ€œYou can research on the rental yields from the surrounding properties but you need real foresight to recognise the growth potential. Investor holidays provide at least a start." While these tours aim to bring a superficial understanding to a burgeoning market, Chee Yap, project director at Grand Phnom Penh International City, believes that a short holiday tour does not provide a true insight into local business and consumer behavior, โ€œor undefined regulations and policies in Cambodia.โ€ โ€œInvestors must also meet with investors already settled in the country who are aware of these less obvious risks, and their countryโ€™s embassy representatives. Always obtain third party perspectives and advice,โ€ he advised. Kim suggests investor tours are not seeking to sidestep risks by painting a rosy scenario, but rather to put Cambodian property risks into perspective. โ€œAs high risks always come with high returns, it is important to let investors visit Cambodia to see what the marketโ€™s risks really are and how best to control them.โ€ Many investors eyeing Cambodia already understand that poorer countries have bigger potential for investment, he explained. While many foreigners have concerns over Cambodiaโ€™s political stability, he says โ€œif they visit here they will soon see the market is stable for economic growth.โ€ After one visit, Panjwani views the boom in Cambodian construction as the start of something much larger. He plans to enter investment opportunities in 2016. โ€œPhnom Penh brought flashbacks of the development of the Indian property market of the 1990s and early 2000s. The potential is here,โ€ he said, noting that the heavy construction on Diamond Island was also reminiscent of Dubai in 2002 when freehold ownership laws for foreigners were allowed. โ€œThe government of Cambodia should market Cambodia very aggressively as a destination for travel and investment,โ€ said Panjwani. โ€œIt is of paramount importance to get people to visit Cambodia and change its perception.โ€
Riverside Real Estate, Phnom Penh
Riverside Real Estate, Phnom Penh
June 6, 2022, 5:04 p.m.
Realestate News
Welcome to another weekly real estate news report, brought to you by Realestate.com.kh. On this weekโ€™s show, weโ€™re going to be speaking with Desmond Yap, Managing Director of Yong Yap Properties Phnom Penh, and one of Realestate.com.khโ€™s featured agents. Question #1: Tell us about the Riverside area and the attraction of it? Lifestyle wise, riverside has the best selection of restaurants and bars, making it very easy to meet new people. Of course it is riverfront, which means amazing views and fresh air. Riverside also has plenty of markets. For people interested in Riverside real estate, most of all this area is convenient โ€“ everything is just a walk away. In terms of investment, thereโ€™s only so much river and we cannot make more space here. So it is exclusive and a beautiful place to live. It makes it a very attractive location for foreigners, and grants the riverside area a high investment return potential in the coming years. In regards to Tourism, riverside is the #1 spot in Phnom Penh, and one of Cambodiaโ€™s travel hubs. Here you can easily access all tourist amenities, such as bus tickets, ferry tours, the night market, royal palace, and riverside is also home to a host of cultural events & festivals. Question #2: How has the riverside area changed over the years? In our area there has been huge changes in very little time. We were one of the first western companies opening on street 13 just 2 years ago. Now there are countless new ventures, such as Q Foffee House, Trunkh, Bespoke, Opera Cafรฉ and many more new brands. St 172 has also flourished into a renowned restaurant street now, with institutions such as Sundance, Sun moon hotel and Oskar Bar. Infrastructure has developed beyond recognition along Riverside too, including improved drainage. Flooding used to be a real risk on riverside - but now there are very few issues with this. Question #3: Is the Riverside area good for investment? Anywhere in Cambodia is a good for investment in my opinion, as it is a growing, developing country. As I mentioned, riverside is the number one tourism location in Phnom Penh โ€“ and because it will retain that prestige for many years to come, prices will always go up. Activities are growing weekly, including new options for food, drinks, entertainment, music and festivals. Looking forward, riverside is the perfect spot for a โ€œcappuccinoโ€ strip for the city. Question #4: Tell us about Yong Yap Properties? Yong Yap is a boutique real estate agency specializing in the Riverside area and focused on providing relevant, up to date data in a clear transparent way for our clients. In our short time, Yong Yap has established ourselves as the premier agency in the Riverside market and have built a brand around transparency, trust and quality service. Question #5: What sort of clientele do you find are most interested in the riverside real estate area? Foreigners are our main clients to buy/rent, and Khmer as owners - though this is starting to change as our real estate agency name develops more. Investors are interested in 3 things on riverside: firstly, buying properties for rental yield. Secondly, investment properties for capital growth (long term). And thirdly, what I call 'flippers', otherwise known as renovators. We also see a fair share of single expats needing accommodation, or deciding to buy for themselves. A part of this demographic are floating expats, especially from Thailand, who need temporary homes in Cambodia due to visa regulations and renewals. Retirees are another demographic we are seeing more and more of. They want to buy now, collect rent while they sort their affairs in their home countries; then, in the future, they have a great retirement home and money in the bank when they eventually move to Phnom Penh. Question #6: Where do you see Yong Yap growing to in the future? We will stay focused on riverside, this is where we are experts. We are still growing here and just moved into a bigger office. We also offer cleaning service & renovation company - these two side businesses should assist our clients. We want to focus on modern style marketing methods, including video marketing, open homes, mail out flyers and we want to become more and more active in community projects. Question #7: Whatโ€™s the easiest way to start looking at riverside properties? Of course, the best place to look for properties for rent or sale on riverside is by checking out the huge selection on www.realestate.com.kh, or Yong Yapโ€™s website: www.yongyap.com.ย Donโ€™t forget to call Yong Yap for a free consultation.Check out Yong Yap properties for sale and rent on Realestate.com.kh today!
Savills Enters the Cambodian Real Estate Market
Savills Enters the Cambodian Real Estate Market
June 6, 2022, 5:06 p.m.
Realestate News
International property consultancy, Savills, signed a contract earlier this month with Keystone Property Consultants to make the local firm the Cambodia-based associate of Savills.The move strengthens Savillsโ€™ presence in South East Asia, and increases Savillsโ€™ Asia Pacific presence to 58 operations across 17 countries in the region. Sunny Soo, Managing Director of Keystone, has been working in emerging real estate markets in Malaysia, China and Mongolia since 1997. He arrived in Cambodia in 2010 and continued in the same profession. Soo says, โ€œThe hardware of the Cambodian property market is upgrading quickly; in a very short space of time, the country has become host to a new breed of world class projects that will change the city skyline beyond recognition. The advancement of these developments also means the software must keep up, and this means more professional and holistic real estate consultancy is in demand.โ€Savills, with their Indochina representative in Vietnam, has been in close contact with developers in Cambodia for over a decade. Hence, the Cambodian extension, through the association with a local sought after consultancy, is only natural, says Soo.Neil MacGregor, Managing Director of Savills Vietnam, said, โ€œCurrent international clients of Savills were seeking investment consultancy and other services within Cambodia and Indochina region. The association with Keystone though will allow us to leverage both partiesโ€™ expertise, will further strengthening Savills portfolio across this dynamic region.โ€Soo also commented that a considerable amount of current projects underway in the Cambodian real estate market currently may encounter difficulties in the future due to lack of necessary preparation and calculated foresight in planning. โ€œWe are wishful for the opportunity to serve the industry and hopefully in time the market will recognize and welcome us as a valued consultantโ€, he said.Presently in the development of business infrastructure, expect to see the physical launch of the Savillsโ€™ association - Keystone in early 2016.
แžŸแŸ’แžœแŸ‚แž„แž™แž›แŸ‹แžขแŸ†แž–แžธแžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แž“แŸ…แž€แž˜แŸ’แž–แžปแž‡แžถ
แžŸแŸ’แžœแŸ‚แž„แž™แž›แŸ‹แžขแŸ†แž–แžธแžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แž“แŸ…แž€แž˜แŸ’แž–แžปแž‡แžถ
June 6, 2022, 5:01 p.m.
Realestate News
(แž‚แž˜แŸ’แžšแŸ„แž„แžขแž‚แžถแžšแžแŸ’แž–แžŸแŸ‹แŸ—แž“แŸ…แž€แŸ’แž“แžปแž„แžแŸ†แž”แž“แŸ‹แž–แžถแžŽแžทแž‡แŸ’แž‡แž€แž˜แŸ’แž˜แž€แžŽแŸ’แžแžถแž›แž‘แžธแž€แŸ’แžšแžปแž„แž—แŸ’แž“แŸ†แž–แŸแž‰)ย แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แž‚แžบแž‡แžถแž›แŸ†แž“แŸ…แžŠแŸ’แž‹แžถแž“แž”แŸ‚แž”แžแŸ’แž˜แžธแž“แŸ…แž€แŸ’แž“แžปแž„แžšแžถแž‡แž’แžถแž“แžธแž—แŸ’แž“แŸ†แž–แŸแž‰ แžแŸแžแŸ’แžแžŸแŸ€แž˜แžšแžถแž” แž“แžทแž„แž€แŸ’แžšแžปแž„แž–แŸ’แžšแŸ‡แžŸแžธแž แž“แžปแŸ” แž‡แžถแž’แž˜แŸ’แž˜แžแžถแž€แž“แŸ’แž›แŸ‚แž„แžŸแŸ’แž“แžถแž€แŸ‹แž”แŸ‚แž”แž“แŸแŸ‡ แž”แžถแž“แž—แŸ’แž‡แžถแž”แŸ‹แž˜แž€แž‡แžถแž˜แžฝแž™แž“แžนแž„แž—แžถแž–แž”แŸ’แžšแžŽแžธแž แžŠแŸ„แž™แž˜แžถแž“แžšแžฝแž˜แž”แž‰แŸ’แž…แžผแž›แž‘แžถแŸ†แž„แž”แžšแžทแž€แŸ’แžแžถแžš แž“แžทแž„แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แž‘แžถแŸ†แž„แžขแžŸแŸ‹แžŠแžพแž˜แŸ’แž”แžธแž”แŸ†แž–แŸแž‰แžแžถแž˜แžแž˜แŸ’แžšแžผแžœแž€แžถแžšแžšแž”แžŸแŸ‹ แž˜แž“แžปแžŸแŸ’แžŸแž‡แŸ†แž“แžถแž“แŸ‹แžแŸ’แž˜แžธแŸ”ย แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แž˜แžถแž“แž…แŸ†แž“แžฝแž“แž…แŸ’แžšแžพแž“แž“แŸ…แž€แŸ’แž“แžปแž„แž‘แžธแž€แŸ’แžšแžปแž„แžŸแŸ†แžแžถแž“แŸ‹แŸ—แž€แŸ’แž“แžปแž„แž”แŸ’แžšแž‘แŸแžŸแž€แž˜แŸ’แž–แžปแž‡แžถ แž”แŸ‰แžปแž“แŸ’แžแŸ‚แžแž˜แŸ’แž›แŸƒแžœแžทแž‰แž˜แžถแž“แž€แž˜แŸ’แžšแžทแžแžแŸ’แž–แžŸแŸ‹ แžแžŽแŸˆแž‘แŸ†แž แŸ†แž“แŸƒแž€แžถแžšแž€แžถแž“แŸ‹แž€แžถแž”แŸ‹แž‘แžผแž‘แŸ…แž“แŸ…แž˜แžถแž“แž€แž˜แŸ’แžšแžทแžแž‘แžถแž”แž“แŸ…แžกแžพแž™แŸ” แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แž‚แžบแž‡แžถแž‡แž˜แŸ’แžšแžพแžŸแž‘แžธแž˜แžฝแž™แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž˜แž“แžปแžŸแŸ’แžŸแžœแŸแž™แž€แŸ’แž˜แŸแž„ แžŠแŸ‚แž›แž…แž„แŸ‹แžšแžŸแŸ‹แž“แŸ…แžฏแž€แžšแžถแž‡แŸ’แž™ แž“แŸ…แž…แŸ†แž€แžŽแŸ’แžแžถแž›แž‘แžธแž€แŸ’แžšแžปแž„ แž‡แžทแžแž€แž“แŸ’แž›แŸ‚แž„แž’แŸ’แžœแžพแž€แžถแžš แž“แžทแž„แž…แŸ†แžŽแŸแž‰แž–แŸแž›แžœแŸแž›แžถแž€แŸ’แž“แžปแž„แž€แžถแžšแž‚แŸ’แžšแž”แŸ‹แž‚แŸ’แžšแž„แž•แŸ’แž‘แŸ‡แŸ” แžขแžถแž•แžถแžแž˜แŸแž“ แž€แžถแž“แŸ‹แžแŸ‚แž˜แžถแž“แž”แŸ’แžšแž‡แžถแž”แŸ’แžšแžทแž™แž—แžถแž–แžแŸ’แž›แžถแŸ†แž„แžกแžพแž„ แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž‚แŸ’แžšแžฝแžŸแžถแžšแžŠแŸ‚แž›แž…แž„แŸ‹แž”แžถแž“แž—แžถแž–แžฏแž€แž‡แž“ แž“แžทแž„แž‚แžปแžŽแž—แžถแž–แž“แŸƒแž€แžถแžšแžšแžŸแŸ‹แž“แŸ…แž€แŸ’แž“แžปแž„แžขแž‚แžถแžšแžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แŸ” แž€แžถแžšแž•แŸ’แž‚แžแŸ‹แž•แŸ’แž‚แž„แŸ‹แžขแžถแž•แžถแžแž˜แŸแž“แž€แŸแž€แŸ†แž–แžปแž„แž˜แžถแž“แž€แŸ†แžŽแžพแž“แžกแžพแž„แž•แž„แžŠแŸ‚แžš แž‡แžถแž˜แžฝแž™แž“แžนแž„แž€แžถแžšแž•แŸ’แžแž›แŸ‹แž‡แžผแž“แž‡แž˜แŸ’แžšแžพแžŸแžแŸ’แž˜แžธแž‡แžถแž…แŸ’แžšแžพแž“ แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž€แžถแžšแž€แžถแž“แŸ‹แž€แžถแž”แŸ‹แž“แŸ…แž†แŸ’แž“แžถแŸ†แŸขแŸ แŸขแŸ  แž“แžทแž„แž†แŸ’แž“แžถแŸ†แž”แž“แŸ’แžแž”แž“แŸ’แž‘แžถแž”แŸ‹แŸ”แžแžพแžขแŸ’แž“แž€แž“แžนแž„แž‘แž‘แžฝแž›แž”แžถแž“แžขแŸ’แžœแžธแžแŸ’แž›แŸ‡แž“แŸ…แž€แŸ’แž“แžปแž„แž™แžผแž“แžธแžแžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“?แž“แŸ…แž–แŸแž›แžขแŸ’แž“แž€แž…แžถแž”แŸ‹แž•แŸ’แžแžพแž˜แž‚แžทแžแž–แžธแžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž‡แžฝแž› แžฌแž‘แžทแž‰ แžขแŸ’แž“แž€แž‚แžฝแžšแžšแŸ†แž–แžนแž„แžแžถแžœแžถแž“แžนแž„ แž˜แžถแž“แž€แžถแžšแžแžปแž”แžแŸ‚แž„แž•แŸ’แž“แŸ‚แž€แžแžถแž„แž€แŸ’แž“แžปแž„แž”แŸ‚แž”แž”แžŸแŸ’แž…แžทแž˜แž”แŸ’แžšแž‘แŸแžŸ แž˜แžถแž“แž–แž“แŸ’แž›แžบแž…แŸแž‰แž…แžผแž›แž‚แŸ’แžšแž”แŸ‹แž‚แŸ’แžšแžถแž“แŸ‹ แž˜แžถแž“แž”แž„แŸ’แžขแžฝแž… แž˜แžถแž“แž‘แŸแžŸแž—แžถแž–แžŸแŸ’แžขแžถแž แž•แŸ’แž‘แŸ‡แž”แžถแž™แž˜แžถแž“แž”แŸ†แž–แžถแž€แŸ‹แžŠแŸ„แž™แž”แžšแžทแž€แŸ’แžแžถแžšแž‡แžถแž˜แžฝแž™แž˜แžปแžแž„แžถแžšแž–แŸแž‰แž›แŸแž‰ แžšแžถแž”แŸ‹แž”แž‰แŸ’แž…แžผแž›แž‘แžถแŸ†แž„แž…แž„แŸ’แž€แŸ’แžšแžถแž“แž…แŸ†แž แžปแž™ แž”แž“แŸ’แž‘แž”แŸ‹แž‘แžนแž€แžŸแŸ’แžขแžถแž แž‘แŸ†แž“แžพแž” แž˜แžถแž“แž€แž“แŸ’แž›แŸ‚แž„แž•แŸ’แž‘แžปแž€แžฅแžœแŸ‰แžถแž“แŸ‹ แž“แžทแž„แž‘แžผแžŠแžถแž€แŸ‹แžŸแŸ†แž›แŸ€แž€แž”แŸ†แž–แžถแž€แŸ‹แž‡แžถแžŠแžพแž˜ แŸ”แž›แŸ”แžแžพแžขแŸ’แž“แž€แž“แžนแž„แž‘แž‘แžฝแž›แž”แžถแž“แžขแŸ’แžœแžธแžแŸ’แž›แŸ‡แž“แŸ…แž€แŸ’แž“แžปแž„แžขแž‚แžถแžšแžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“?แžขแž‚แžถแžšแžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แž‡แžถแž‘แžผแž‘แŸ…แž“แžนแž„แž˜แžถแž“แž”แŸ†แž–แžถแž€แŸ‹แž‡แžŽแŸ’แžแžพแžšแž™แž“แŸ’แž แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžŸแž“แŸ’แžแžทแžŸแžปแž (แžšแžฝแž˜แž‘แžถแŸ†แž„แž€แžถแžšแž€แžถแžšแž–แžถแžš แŸขแŸค แž˜แŸ‰แŸ„แž„ แž€แžถแžšแž”แŸ†แž–แžถแž€แŸ‹แž€แžถแŸ†แž˜แŸแžšแŸ‰แžถแžŸแžปแžœแžแŸ’แžแžทแž—แžถแž– แž“แžทแž„แž”แŸ’แžšแž–แŸแž“แŸ’แž’แž€แžถแžšแž–แžถแžšแžขแž‚แŸ’แž‚แžธแž—แŸแž™) แž€แž“แŸ’แž›แŸ‚แž„แž…แžแžกแžถแž“ แž“แžทแž„แž˜แŸ‰แžผแžแžผแž’แŸ†แž‘แžผแž›แžถแž™ แž€แž“แŸ’แž›แŸ‚แž„แž แžถแžแŸ‹แž”แŸ’แžšแžถแžŽ แžŠแŸ‚แž›แž”แŸ†แž–แžถแž€แŸ‹แžŠแŸ„แž™แž‚แŸ’แžšแžฟแž„แž”แžšแžทแž€แŸ’แžแžถแžšแž‘แŸ†แž“แžพแž” แž“แžทแž„แžขแžถแž„แž แŸ‚แž›แž‘แžนแž€แŸ” แž“แŸ…แž–แŸแž›แžขแŸ’แž“แž€แžšแžŸแŸ‹แž“แŸ…แž€แŸ’แž“แžปแž„แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“ แžขแŸ’แž“แž€แž“แžนแž„แž˜แžทแž“แž–แžทแž”แžถแž€แž€แŸ’แž“แžปแž„แž€แžถแžšแž‡แž‡แŸ‚แž€แžŠแŸแž‰แžŠแŸ„แž›แž‡แžถแž˜แžฝแž™แž˜แŸ’แž…แžถแžŸแŸ‹แžขแž‚แžถแžšแž“แŸ„แŸ‡แž‘แŸ แž–แžถแž€แŸ‹แž–แŸแž“แŸ’แž’แž“แžนแž„แž€แžถแžšแž”แŸ’แžšแž˜แžผแž›แžแŸ’แž›แŸƒแžˆแŸ’แž“แžฝแž›แž‡แžฝแž› แžŠแŸ‚แž›แž˜แžถแž“แž›แž€แŸ’แžแžŽแŸˆแžœแžทแž‡แŸ’แž‡แžถแž‡แžธแžœแŸˆ แž“แžทแž„แž€แžถแžšแž†แŸ’แž›แžพแž™แžแž”แž†แžถแž”แŸ‹แžšแž แŸแžŸแžŸแž˜แŸ’แžšแžถแž”แŸ‹แžŸแŸ†แžŽแžพแž‡แžฝแž›แž‡แžปแž›แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แŸ” แžแŸ’แžšแžผแžœแž”แŸ’แžšแžถแž€แžŠแžแžถแžขแŸ’แž“แž€แž‘แž‘แžฝแž›แž”แžถแž“แž€แžทแž…แŸ’แž…แžŸแž“แŸ’แž™แžถแžŠแŸแž›แŸ’แžขแž˜แžฝแž™ แžŸแžผแž˜แž˜แžพแž›แž‚แž“แŸ’แž›แžนแŸ‡แž˜แžฝแž™แž…แŸ†แž“แžฝแž“แž“แŸ…แž‘แžธแž“แŸแŸ‡!แž‘แžถแž€แŸ‹แž‘แž„แž“แžนแž„แž…แŸ†แžŽแžปแž…แž‘แžถแŸ†แž„แž“แŸแŸ‡แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แžขแžถแž…แžšแžฝแž˜แž”แž‰แŸ’แž…แžผแž›แž‘แžถแŸ†แž„แžแŸ’แž›แŸƒแžŸแŸแžœแžถแž‚แŸ’แžšแž”แŸ‹แž‚แŸ’แžšแž„แžขแžถแž•แžถแžแž˜แŸแž“ แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžŸแž˜แŸ’แžขแžถแžแž•แŸ’แž‘แŸ‡ แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แž”แŸ„แž€แž‚แž€แŸ‹ แžขแŸŠแžธแž“แž’แžพแžŽแžทแžแž›แŸ’แž”แžฟแž“แž›แžฟแž“ย  แž‘แžผแžšแž‘แžŸแŸ’แžŸแž“แŸแžแŸ’แžŸแŸ‚แž€แžถแž” แž˜แŸ‰แžถแžŸแŸŠแžธแž“แž‘แžนแž€แž€แŸ’แžแŸ… แž‘แžนแž€แžแŸ’แžšแž‡แžถแž€แŸ‹ แž“แžทแž„แžขแžถแž„แž„แžผแžแž‘แžนแž€แŸ” แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แž‡แžถแž‰แžนแž€แž‰แžถแž”แŸ‹แž€แŸแžšแžฝแž˜แž”แž‰แŸ’แž…แžผแž› แž‘แžถแŸ†แž„แžŸแŸแžœแžถแž˜แŸ’แž˜แž‘แžผแž‘แŸ…แž•แŸ’แžŸแŸแž„แŸ—แž•แž„แžŠแŸ‚แžšแŸ”แžแžพแžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แž“แŸ…แž—แŸ’แž“แŸ†แž–แŸแž‰แž˜แžถแž“แžแž˜แŸ’แž›แŸƒแžŠแžผแž…แž˜แŸ’แžแŸแž…?ย แžแžถแž„แž€แŸ’แžšแŸ„แž˜แž“แŸแŸ‡แž‡แžถแž€แžถแžšแž”แŸ’แžšแŸ€แž”แž’แŸ€แž”แžแž˜แŸ’แž›แŸƒแžšแžœแžถแž„แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“ แž“แžทแž„แžขแžถแž•แžถแžแž˜แŸแž“แž’แž˜แŸ’แž˜แžแžถ (แžแž˜แŸ’แž›แŸƒแž•แŸ’แžขแŸ‚แž€แž›แžพแž‘แžทแž“แŸ’แž“แž“แŸแž™แžŠแŸ‚แž›แž˜แžถแž“แž“แŸ…แž›แžพ Realestate.com.kh)แŸ– แž”แŸ’แžšแž—แŸแž‘แžขแžถแž•แžถแžแž˜แŸแž“แž€แž˜แŸ’แžšแžทแžแž‘แžถแž” (แžŠแžปแž›แŸ’แž›แžถแžš)แž€แž˜แŸ’แžšแžทแžแž˜แž’แŸ’แž™แž˜ (แžŠแžปแž›แŸ’แž›แžถแžš)แž€แž˜แŸ’แžšแžทแžแžแŸ’แž–แžŸแŸ‹ (แžŠแžปแž›แŸ’แž›แžถแžš)แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“แŸฆแŸ แŸ  - แŸจแŸ แŸ ย แŸจแŸ แŸ  - แŸกแŸคแŸ แŸ แŸก,แŸฅแŸ แŸ  ++แžขแžถแž•แžถแžแž˜แŸแž“ แž’แž˜แŸ’แž˜แžแžถแŸฃแŸ แŸ  - แŸฅแŸ แŸ ย แŸฅแŸฅแŸ  - แŸฉแŸ แŸ แŸกแŸ แŸ แŸ  ++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’แžธ iOSย แž“แžทแž„ย AndroidแŸ”แžขแŸ’แž“แž€แžŸแŸ’แžœแŸ‚แž„แžšแž€แžŸแŸแžœแžถแž€แž˜แŸ’แž˜แžขแžถแž•แžถแžแž˜แŸแž“ แž‡แžถแž„ แŸขแŸ แŸ  แžŸแž˜แŸ’แžšแžถแž”แŸ‹แž‡แžฝแž›แž“แŸ…แž€แž˜แŸ’แž–แžปแž‡แžถ แžแžถแž˜แžšแž™แŸˆแž‚แŸแž แž‘แŸ†แž–แŸแžš Realestate.com.kh! 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!แžขแžแŸ’แžแž”แž‘แžŠแŸ„แž™
Serviced Apartment Supply Bump
Serviced Apartment Supply Bump
June 6, 2022, 5:05 p.m.
Realestate News
In the first half of 2015, serviced apartment supply bumped up 14 per cent versus 2014 - meanwhile, rental prices remained similar to the year prior as a host of new offerings entered the local market.ย CBRE Cambodiaโ€™s recent report highlights that a total 349 additional serviced apartment units will come online within the local marketplace before mid-2016. 5797 units presently exist, and 11 more condo projects are currently underway. Check out CBRE's listings on Realestate.com.khHowever, the supply appears to be overshooting the current demand. Want to learn more about serviced apartment expectations?Overall occupancy rates of serviced apartment units have declined from 90 percent to around 70 percent at the end of 2014. However, showing slight improvement, this occupancy across all serviced apartment units rate grew to 80 percent this year, according to the CBRE report.ย Check out a video interview about how to find the best expat rentals in Phnom Penh. According to the report, on average, for a serviced apartment unit, a one bedroom unit or studio with 50 to 55 square meters varies from $1,000 to $1,500, two bedroom units with 70 square meters varies from $2,000 to $2,500 and three bedroom units with 110 square meters varies from $3000 to $3,500 per month, while โ€œpenthouseโ€units with 250 square meters are priced between $4,000 to $5,000 per month, according to the report, depending on the architecture and design.ย Make sure you get a good contract, here are a few tips!Check out over 200 serviced apartments for rent in Cambodia on Realestate.com.kh
D'Seaview Boulevard Commercial Units Open Sales
D'Seaview Boulevard Commercial Units Open Sales
June 6, 2022, 5:05 p.m.
Realestate News
Dโ€™Seaview brings Sihanoukville its first residential and commercial mixed development, located alongside Sihanoukvilleโ€™s most beautiful beaches.ย Cambodiaโ€™s southern coastal resort town, Sihanoukville, is not only one of the nationโ€™s premier tourism destination, but the fastest growing business hub outside of Phnom Penh.An iconic development standing 28 storeys high brings to Cambodia a collection of premium executive condominiums, commercial units and a budget hotel, all in one serene living complex. See the D'Seaview listing on Realestate.com.kh today for full information on this exciting project!Now that D'Seaview sales are off to a strong start, Camhomes would like to announce the openingย of sales for their commercial units that will service the residential and hotel complex.These units for sale will be located along the exclusiveย D`Seaview Boulevard โ€“ a new lifestyle hub for shopping and entertainment in Sihanoukville. Want to inquire about the D'Seaview commercial opportunity?ย Contact Camhomes today!In total,ย 66 commercial units are up for saleย in various sizes suitable for all types of trade. The selection of commercial units includes shop houses, 1 and half or 2 and half storey, standard retail units, andย SOHO units with high ceilings and flexible furniture options.ย These commercial units are located on the trendy D`Seaview Boulevard board walk and will be perfectly suited to cafรฉ and bar uses, with a serene location ideal for alfresco dining alongside the Sihanoukville shoreline. Camhomes is also seeking tenders on the hotel that will service the D'Seaview complex, and food and beverage vendors for the range of plaza outlets within D'Seaview - and its awe-inspiring sky bar. ย This unique lifestyle destination offers commercial vendors an investment opportunity which is set toย inject life into the already popular tourism and residential area. Contact Camhomes today for more information, because these residential units will not last long.
Serious Investment for Condos in Sihanoukville
Serious Investment for Condos in Sihanoukville
June 6, 2022, 5:06 p.m.
Realestate News
Sihanoukville is becoming more than just a place to soak up the sun on a slow weekend; itโ€™s attracting the interest of serious investors looking to cash-in on a growing middle class in the coastal city.Trade and tourism are the cityโ€™s biggest revenue generators and with growing numbers of tourists and business people who come to invest for condos in Sihanoukville, especially from China and the rest of Asia, property developers are looking for new opportunities to capture these growing markets.One of the upcoming properties set to make an impression of condos in Sihanoukville is Dโ€™Seaview, a 735-unit condominium to be located near Sokha Beach. The project is backed by Singaporean agribusiness company HLH Group Ltd under their newly formed Camhomes branch.ย  Through private subsidies, the company is marketing units as low as $33,000 for Cambodian citizens โ€“ but this subsidized investment opportunity is running out at the end of December 2015. Construction on the project is expected to begin later this year, with a completion date of 2018. New families, young professionals and other prospective buyers will have the chance to secure one of the beautifully appointed units on offer at Dโ€™Seaview available from as little as $675 per square metre. Dโ€™Seaview will boast state-of-the-art facilities including a swimming pool, a fitness centre and sauna, function rooms and a childrenโ€™s playground, all catering to a modern family lifestyle and all with a view over the ocean. Real estate experts say major condominium projects such as Dโ€™Seaview will bring international standards to the city and draw more sophisticated investors. See full details of D'Seaview, condos in Sihanoukville here! Clement Dupont, a property market watcher and investor based in Sihanoukville, said Dโ€™Seaview will give the city a new image, one of luxury and liveability rather than just an affordable holiday destination. โ€œThis will make people realize that condos in Sihanoukville is a worthwhile place to invest money and attract homebuyers who are looking to live and work in a comfortable, classy environment, as the cityโ€™s economy grows from year to year.โ€ โ€œItโ€™ll definitely be interesting to see how the property market pans out once Dโ€™Seaview is complete,โ€ he added. In the first eight months of the year, Sihanoukville airport handled a total of 65,698 passengers, with total arrivals at 35,882, up 149 per cent and 140 per cent year-on-year, respectively. Lucky Air recently launched direct flights from Kunming to Sihanoukville, becoming the first Chinese carrier to offer year-round regular scheduled service to Sihanoukville. โ€œMany Chinese have come here to invest and live and work,โ€ said Y Thearin, a Sihanouk Provincial Hall representative. โ€œTheir investment in the city has become important to the way condos in Sihanoukville is moving forward,โ€ he added. The Chinese influence is certainly becoming noticeable as Chinese-backed casinos and hotels multiply rapidly. One of the largest properties to open recently is the 135-room White Sand Palace, which will also feature a casino set to be open next month, in Occheuteal. The casino industry has doubled since last year to 15 casinos, with an additional five applications pending approval. Spurring this growth is the potential of online gambling which is being offered from the majority of Sihanoukville casinos, says the spokesperson Ministry of Economy and Finance, Ros Phirun. Paralleling Sihanoukvilleโ€™s growth is its property market, with land prices going up fast especially in areas where infrastructure is being improved, says Ruslan Gronov, manager of Sihanoukvilla Real Estate and Consulting. โ€œThe new road that is being upgraded from Sokha to Independence beach is resulting in more land available for sale, while prices are also going up around Otres beach where the road joining National Road 4 and the airport are going up.โ€ Gronov says the rental market for small residential properties has not changed much amid the cityโ€™s growth but rental prices for commercial properties and full buildings have gone up considerably since November last year as the hospitality industry thrives and Chinese business people living in the city push up demand. Here is another article considering the benefits of living and investing in Sihanoukville! Gronov said the lowest price for a one-bedroom apartment with a kitchen is around $250 per month, located in the downtown area away from the beach. For a similar property near the beach the price is around $100 more. โ€œIf you rent commercial and full building, the prices have changed a lot but for residential and small houses itโ€™s the same.โ€ โ€œIt is a good time to invest here in condos in Sihanoukville. Some areas are still growing and the price is growing fast.โ€ Check out the investment opportunity here!Gronov added that the cheapest land prices are around $200 per square meter for land not close the beach, while some of the highest prices are in Otres and the Golden Lion, the cityโ€™s most prominent landmark just a short walk away from Occheuteal Beach where land can go for about $1,000 per square metre. Sihanoukville has maintained a crucial position in the countryโ€™s trade and manufacturing sectors and is set to capitalize on this as the government looks to construct a 190-kilometre-long, 25-metre-wide expressway linking Phnom Penh and Sihanoukville on National Road 4. This project is said to begin next year and finish in 2020. Sihanoukville is home to the countryโ€™s largest port and one of the largest special economic zones, but set to create competition is the development of the Stung Hav Port. LCH Investment Group acquired the more than one thousand hectare Stung Hav site in 2005 and began in 2007 constructing the siteโ€™s small port about 4 km from the entrance. The smaller port opened in July 2012 and handles general cargo but not containers. However as of January this year, American and Singaporean investors pledged investment that will result in construction of the port starting in January 2016. This will take approximately two years to build and once complete, hopes to attract the business of around 75 factories in the Sihanoukville Special Economic Zone who currently use the Sihanoukville port for shipping. Management says the first step will be to build the International port next year and then the economic zone, and hopes to offer more competitive prices to the main Sihanoukville Port and SEZ, which has around 75 mainly Chinese-owned factories who currently use the Sihanoukville port for shipping. Take a look at D'Seaview's convenient finance terms here.
Construction Project Repairs of National Road 1, Affected business owners
Construction Project Repairs of National Road 1, Affected business owners
June 6, 2022, 5:05 p.m.
Realestate News
With her hand blocking the glare of the sun, Kuy Peou gazed steadily at the dust kicked up by the slow stream of vehicles lumbering over uneven surfaces trying to get into Phnom Penh.โ€œWhen I first came here, I couldnโ€™t sleep. This construction project is really disturbing as there is so much dust, traffic and noise pollution from vehicles,โ€ she said. While the current construction project along National Road 1 on the outskirts of Phnom Penh has left the road torn up by heavy machinery, with endless wafts of dust coating local storefronts as bumper to bumper traffic spews dark clouds of toxic exhaust, Peou is just one of the many business owners who hope the road will soon be paved. After opening a motorbike shop last October, and expecting to capitalise on the promising business prospectives along Cambodiaโ€™s main artery to Vietnam, her business has been hindered by the sheer lack of accessibility. She holds out hope and is confident that once the road is finally completed, business will take off and her investment will be worth it. Until then, the reality is that she can barely stay afloat. For Keo Somphearak, a motorbike cleaner who has been living on National Road 1 for three years, the reality is much more daunting as his business has completely grinded to a halt. โ€œMy business has to cease to operate because of this construction,โ€ he said. โ€œI want this construction project to move faster so that I can start my business as per normal.โ€ While Somphearak claimed he has been compensated for his loss of land and business along the 4-kilometre stretch of road that is being developed, with the government having paid him $500 per square metre, his savings are beginning to dwindle and he is eager to get his business back up and running. โ€œOnce it is finished, business will be better as the road will be bigger and I will have more room to clean bikes more thoroughly,โ€ he said. But it is not just small business owners who have had to adjust to the bothersome project while waiting for construction to be completed. Sim Senacheat, a director of a local branch of Prasak Microfinance, has already relocated his business further north. While he said that business was dramatically affected at first, with his new location, it is no longer a problem. โ€œThe current road is considerably hard to travel on, and construction project is expected to take up to two more years,โ€ he said. โ€œWhile it doesnโ€™t affect our operations, it doesnโ€™t make it any easier.โ€ Chhim Phalla, director of the Ministry of Public Workโ€™s Department of International Cooperation who is responsible for overseeing the Japanese-funded expansion, said that the government has already compensated an undisclosed sum to homeowners and businesses that have had their land reclaimed for the road expansion, with only one or two cases left awaiting payouts. โ€œThe first is the Total gas station and the second is the residence of an official who resides along the road in front of Chbar Ampov pagoda who has yet to receive compensation from the government,โ€ he said. While the expansion is part of an overall plan to speed up traffic to the capital as ground transportation becomes more important, he said that the construction has faced some unforeseen difficulties. One issue is that homeowners and businesses that have already received compensation have refused to vacate their properties, thus clogging up the ability to speed up construction. Another problem is ensuring that those who live in the surrounding areas still have access to electricity, as the spider web of black cords nesting on the electrical poles, have to be carefully relocated. โ€œThe project will be finished by March 2017, but the actual progress is already moving faster than expected, so construction should finish before then,โ€ he said. The expansion will turn the two-lane highway into a four lane, and will greatly ease congestion entering the capital, he added. He explained that the $10 million development is not cutting any corners and that the road will consist of a 20-centimeter-thick layer of concrete, adding that the road is designed to handle heavy traffic. Chrek Soknim, executive director of Century 21 Mekong, said that the area has long needed investment in infrastructure, and while the growing pains may hurt local businesses for now, once completed the land will be a prime development destination. โ€œWith a new road, this area will see high development in terms of property, and the surrounding areas will benefit as well,โ€ he said, adding that prices for land have already jumped from the initial price range of $150 to $300, to a range of $400 to $700 per square metre. โ€œBut because the infrastructure is still limited, it will take time before development takes off,โ€ he said. Meanwhile, as the jackhammers and cement trucks continue to pile in, local residents like Peou have no choice but to wait idly by, gazing at the development that she hopes will make the wait worthwhile and her business profitable. โ€œThe construction project really stresses a lot of us out. I hope it finishes sooner so life can get back to normal,โ€ she lamented. Siv Meng, Phnom Penh Post, Post Property.