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Get $10,000 Discount on Premium Borey Kasen Shophouses
Get $10,000 Discount on Premium Borey Kasen Shophouses
June 6, 2022, 5:00 p.m.
Borey Kasen's King Villas stand out as the most premium homes in Khan Kamboul's growing residential market. Supplied.Borey Kasen, the largest Borey project in Khan Kamboul at around 30 hectares, is a prime choice for Cambodians looking for comfort and convenience. Immediately accessible through a short drive from the Chom Chao roundabout, Borey Kasen is located along National Road 3 in Tuol Kei village, Sangkat Phleung Chheh Roteh, Khan Kamboul, Phnom Penh. The area itself is 10 minutes away from Phnom Penh International Airport.Borey Kasen offers many in-house services for residents to enjoy. Apart from the necessities such as 24/7 security and regular maintenance checks, it boasts an extensive selection of swimming pools, fully-equipped gyms, open-air cafes, and lush gardens where residents can comfortably enjoy the cool Phnom Penh breeze. It also has a shopping center, giving residents access to their daily needs.Borey Kasen's developer perfectly captures the Khmer family's need for a modern home in today's fast-growing Cambodia. Supplied.The project’s housing offers distinct architectural features and quality construction, giving its residents a safe and beautiful home to live peacefully in. Interested buyers are provided with various types of housing to choose from. Ranging from residential units to commercial spaces, Borey Kasen is ready to accommodate modern Cambodian needs. Residential units include the King Villa, Queen Villa, Twin Villa A and Twin Villa B, where potential buyers have the freedom of finding a living space most suitable for them. For the more entrepreneurial Cambodian family, the commercial spaces or Shophouse in Borey Kasen come in different variations for almost every business plan in mind. These are located along the main road for shoppers to find and access!Shophouses line Borey Kasen's busiest areas. This creates the ideal environment for the entrepreneurial spirit of Cambodians. Supplied.As of now, Borey Kasen has promos up for grabs to interested buyers. The project developer is also offering a massive $10,000 discount on Shophouses - limited to the first few buyers.Pairing affordability with great quality, living in Borey Kasen is the perfect suburban living opportunity many Cambodian families today will be looking for generations to come!Interested in Borey Kasen? Make a free inquiry now!
Winners of the Cambodia Real Estate Awards 2022, Officially announced at Sofitel Hotel
Winners of the Cambodia Real Estate Awards 2022, Officially announced at Sofitel Hotel
June 6, 2022, 5:00 p.m.
The annual Cambodia Real Awards 2022 (CREA) was held on April 7, 2022 (Thursday) at the Sofitel Phnom Penh Phokeethra. The CREA is the Kingdom’s most prestigious real estate awards that recognizes the country's finest agencies and developers. The event was organized by Realestate.com.kh in collaboration with the Real Estate & Pawnshop Regulator of Cambodia, The Ministry of Land Management & Urban Planning and the Cambodian Valuers and Estate Agents Association.Over 500 distinguished guests from the real estate sector, as well as partner industries walked the red carpet leading to the grand ballroom of Sofitel Hotel where the gala dinner and the official announcement of winners of the Cambodia Real Estate Awards 2022 took place.While enjoying a three-course meal and entertainment during the night, the attendees got to witness and celebrate as the winners of the Cambodia Real Estate Awards were revealed and recognised for their achievements and hard work which helped them earn the title of being leaders in the field.Over 30 winners from the leading property developers and agencies in Cambodia were revealed throughout the night and were awarded the iconic trophy, prestigious CREA seal, and gold plaques to confirm their company's success.Urban Hub and their development Urban Village Phase Two were awarded the Developer and Development of the Year respectively.TK Central, Borey Maha Boeng Trea, Wealth Mansion, Picasso City Garden, MSQM ZTH, and Prince Huan Yu were also major winners in the development and developer categories.Whilst the biggest winners during the night included Golden Cambodia Century receiving 5 awards across their projects including Landed Property Developer of the Year for Borey Nadi as well as the Most Viewed Property for GC Orussey.The other major winner with 4 awards during the evening was Morgan Group, receiving multiple awards representative of all of their projects including the recently completed Morgan Tower and Morgan EnMaison.IPS Cambodia, CBRE, Knight Frank, and Century 21 Advanced Property shared the glory for the agency of the year awards. Whilst Pointer Property was awarded as the Employer of choice.C-Hearld went home the most decorated winner in the agency categories, taking home The Agency of Choice Award for 2022 as well as the Property Management Firm of the Year.There were also two inductees into the Cambodia Real Estate Awards - Hall of Fame 2022. Overseas Cambodian Investment Corporation (OCIC) was inducted as a developer for its 20 years plus years of contribution to the Cambodian property sector and the country as a whole. Whilst Lok Oknha Cheng Kheng, Chairman & CEO of Cambodia Properties Limited (CPL) was the first-ever individual inducted into the Hall of Fame for his 20 years plus service to the real estate industry.In his opening remarks, Thomas O’Sullivan, CEO of Realestate.com.kh said, “I can tell you that we had more than 100 nominations this year, with over 50 entries, making this real estate award the most successful event of its kind, ever to be held in Cambodia” And, thanked everyone that took the time to put together videos and prepare entries.Complete list of winnersAgency winnersCREA Hall of Fame 2022 - Lok Oknha Cheng Kheng, Cambodia Properties Limited (CPL)Real Estate Agency of the Year (Enterprise) - CBRE Cambodia Real Estate Agency of the Year (Enterprise) - Century 21 Advanced Property Real Estate Agency of the Year (Corporate) - Knight Frank Cambodia Regional Agency of the Year - IPS Cambodia Property Management Firm of the Year - C-Herald Property Service Property Management Firm of the Year - Pointer PropertyResearch & Valuation firm of the Year - Knight Frank Cambodia International Agency of the Year - IQI Cambodia International Agency of the Year - Century 21 Fortuna InvestmentAgency - Employer of Choice - Pointer PropertyAgency of Choice - Century 21 Advanced PropertyAgency of Choice - C-Herald Property ServiceDeveloper winnersCREA Hall of Fame 2022 - Overseas Cambodian Investment Corporation (OCIC)Developer of the Year - Urban Hub Cambodia CSR & Social Impact Developer of the Year - Prince Huan Yu Real Estate (Cambodia) Group Borey (Landed) Property Developer of the Year - Golden Cambodia Century (GCC)Commercial Developer of the Year - Morgan Group Condominium Developer of the Year - MSQM ZTHDevelopment winnersDevelopment of the Year - Urban Village Phase 2 Commercial Development of the Year - Morgan TowerBorey (Landed) Property Development of the Year - Borey NadiCondominium Development of the Year - Vue AstonServiced Apartment of the Year - Picasso City GardenMixed-use Development of the Year - TK Central Retail Development of the Year - Prince Golden Bay Office Development of the Year - Morgan TowerNew City Development of the Year - Borey Nadi Borey (Landed) Property Development of the Year (Southern) - Borey Maha Boeng TreaAffordable Housing Development of the Year - Borey Maha Boeng Trea Mid-Range Housing Development of the Year - La Palm ResidencesLuxury Housing Development of the Year - Borey Nadi Premium Condominium of the Year - Picasso City GardenCondominium Design of the Year - Picasso City GardenWaterfront Condominium of the Year - Wealth MansionWaterfront Condominium of the Year - Morgan EnMaisonMost Viewed Property 2022 - GC Orussey MarketSpecial Recognition - World Bridge Sport VillageThe Cambodia Real Estate Awards 2022 was sponsored by Panasonic and the new nanoe™X Technology offering 24/7 protection from bacteria & viruses.
High hopes for new Siem Reap International Airport by 2023
High hopes for new Siem Reap International Airport by 2023
June 6, 2022, 5:00 p.m.
The upcoming Siem Reap Angkor International Airport will be able to accommodate larger aircraft landing in Cambodia. Photo from Khmer Times.Siem Reap’s return to form rests on many variables, but few of them weigh as much as the upcoming Siem Reap Angkor International Airport. The new airport began construction in March 2020 and is currently over 20% complete, with the runway expected to be completed later in May 2022. Other facilities being constructed include roads, airport parking routes and landing systems.The new Siem Reap Angkor International Airport is a category 4E airport with a runway measuring 3,600 metres and a width of 45 metres. This categorization allows the airport’s runway to accommodate large aircraft commonly utilized for intercontinental flights.The new airport is located in Tayek commune, Sot Nikum district and is about 51km away from Siem Reap City proper and 40km away from the Angkor Wat temple. The move to build a new airport was due to rising concerns of potential noise and vibration damage coming from the current airport to the centuries-old Angkor Wat temples.During a recent site inspection attended by Prime Minister Hun Sen, His Excellency has high hopes that the Siem Reap Angkor International Airport will be operational by its initial opening date in Q4 2023.“Siem Reap Angkor International Airport will play an invaluable role in boosting tourism and the overall economy when it launches next year” said PM Hun Sen.The scale of the new airport allows it to incorporate special economic zones that can use the new airport as a logistics hub. Photo from Swift News.Completion of the airport’s first phase will allow it to accommodate more than 7 million passengers and 10,000 tonnes of cargo annually. It is worth noting that the Siem Reap Angkor International Airport is built on 700 hectares of land with a remaining land area of 1000 hectares earmarked for a special economic zone or industrial zone to be built near the airport as well as an expressway directly connecting the airport to Siem Reap city itself.Cambodia has led most of its regional neighbours in reopening its borders to international travelers by waiving requirements that discouraged ordinary travelers. In 2019, the country received over 6.6 million visitors only being stifled by the outbreak of COVID-19. Tourism in Cambodia is expected to gradually return and many onlookers hope the New Siem Reap Angkor International Airport will be ready by the time international travel returns to form.Looking for property in Siem Reap? Let us help!
Global Tech Exchange, Cambodia’s new no. 1 business address
Global Tech Exchange, Cambodia’s new no. 1 business address
June 6, 2022, 5:00 p.m.
The Global Tech Exchange (GTECH) is  the most anticipated commercial & retail project in Phnom Penh’s new city centre. Designed by AEDAS, the mixed-use development consists of two Grade A office towers, a hotel tower with a convention centre; and a dedicated data center. e - all located in Phnom Penh’s new up-and-coming downtown, known as Phnom Penh City Center. The New Multi-National HubThe Global Tech Exchange transforms the new city centre into a modern, sustainable, commercial and leisure hub. Complete with purpose-built world-class facilities, the Global Tech Exchange sets up foreign and multinational companies with unrivaled convenience within Phnom Penh.More than a hub for business, its location within the new Phnom Penh city centre sets up companies at the confluence point of a rich urban fabric meeting with the cultural diversity of the city and where creative ideas and breakthrough information is exchanged globally.Designed for Business To FlourishThe Global Tech Exchange stands out in the Cambodian capital with its glass facade creating an aura befitting a true business hub. GTECH’s glass walls allow for the optimum amount of light to shine and flow through the building, reducing energy consumption of businesses while letting workers bask in natural light - a luxury in today’s office market flanked between concrete and steel.The Global Tech Exchange was purposely built to accommodate the needs of the businesses of tomorrow through efficient use of spaces and expert office design. Much like the natural light that runs through its spaces, GTECH provides a flexible set of conveniences and support for businesses all across its commercial and retail spaces.The need for flexible yet structured space has been a reality many companies live by today, and GTECH ensures the businesses of tomorrow are well-equipped to take on the challenges of the future.A Sustainable LegacyA common concern among urban planners today is a building’s sustainability. The era of simply building a commercial and retail space without much consideration for its urban and environmental impact is long gone. The developers of Global Tech Exchange have looked into the needs of a booming city like Phnom Penh and laid itself as the groundwork for a new downtown that will stand the test of time.The Global Tech Exchange achieves this by making efficient use of its facilities for energy and water management. GTECH is capable of rainwater harvesting, taking advantage of Phnom Penh’s rainy season to build a sustainable water management system. Outdoor noise isolation is similarly built into the structure, blocking out the noise of Phnom Penh’s busy streets. Naturally vented places are found throughout the complex to allow Phnom Penh’s famed city breeze to freely flow from the outdoors to select indoor areas such as the commercial corridor and the car-parking podium.The Global Tech Exchange is a modern marvel and testament to both Phnom Penh and its developers’ commitment to a sustainable city.Award-Winning Property Management The multi-award-winning Knight Frank Cambodia, the country’s premier property management and agency, is the official commercial leasing partner at the Global Tech Exchange.“We are ecstatic to confirm that Knight Frank Cambodia has been appointed as the Lead Leasing Agent for both the office and retail space, having already previously been appointed as the Property Manager,” said Ross Wheble, Country Head of Knight Frank Cambodia. “Knight Frank is well known for dealing with prime and super-prime property across the globe, and we are grateful that the developer, Kingsland Group, has placed its confidence in Knight Frank Cambodia to partner on the leasing and management for GTECH”“Designed by world-leading architects and consultants, including Aedas and Arup, GTECH is a pioneering tech-enabled development that is set to become Cambodia’s premier business address,” said Ross on the minds behind GTECH’s architectural design.Ross explains that GTECH features two grade A office towers providing a combined net area of approximately 50,000 sq m, in addition to destination retail levels in the top floors or the office towers, over 8,000 sq m of net retail space on the ground and first-floor podium levels and the first Hilton Hotel in Cambodia. “It is a testament to GTECH’s high standard of architectural design, its prominent CBD location, and the overall quality and market positioning of the development,” he said.“GTECH is a unique project, not just in Cambodia but in most major cities, globally.” Ross highlighted that having a dedicated data centre attached to the project right in the heart of the CBD is a game-changer. “It will truly position the wider Phnom Penh City Centre project (PPCC) as the first smart city development in the Kingdom, future-proofing GTECH and PPCC for decades to come.”Looking for prime office spaces in Phnom Penh? Let us help!
Land remains top choice for property investment, condominiums close 2nd
Land remains top choice for property investment, condominiums close 2nd
June 7, 2022, 4:38 a.m.
Land and condos are the most popular choices for investment for property buyers in 2022, according to the latest Cambodia Real Estate Consumer Sentiment Survey. Photo by Khmer Times.Phnom Penh’s property market is picking up with renewed confidence from property buyers both local and abroad. The Cambodia Real Estate Consumer Sentiment Survey 2022, an annual study made by Realestate.com.kh, the largest real estate online classifieds portal in the Kingdom, was recently concluded and covered several aspects of the property market under COVID-19.Demographics of the SurveyThe Cambodia Real Estate Survey 2022 was completed by more than 2,300 respondents over a period of 3 weeks from January 14 to January 28 2022. The respondents are a mix of those born in Cambodia (47%), while 29% are Asian nationals, and 23% from Western nationalities. Our first Survey in 2016 had a 68% Cambodian response rate. After Cambodians, the single biggest nationality of respondents was Chinese.A More Affordable Sales MarketThe survey suggests more Cambodians believe that property is affordable now (82%) compared to 2016 (59%). However, wages have also increased since then, so it makes sense that property is now more affordable to buyers in Cambodia.Realestate.com.kh website data indicates real estate prices have generally decreased over the past 2 years. However, depressed prices have not flowed to land and landed property (such as boreys); in some cases, prices have increased. This was reinforced by the survey results indicating that a third of local respondents believed prices had gone up during the year. Therefore, it is not surprising that land remains a core investment target for local buyers.Land remains the most popular property type in 2022, followed by Condominium/apartments, Villas, Shophouses, and Linkhouses.Condo Rentals Back On The RiseAlthough house types (Shophouse, Linkhouses, and Villas) are the most popular properties to rent, 31% of all respondents indicated they wanted to rent a condo or apartment.Among only the Cambodian respondents, houses account for nearly a third of their preferences, while land also had a strong attraction. For Chinese (60%) and Westerners (47%), condos are more favourable, while Villas were their next biggest preference.Of the respondents, around a tenth have a rental budget of over $2,000 per month, indicating a healthy appetite for high-end rentals, especially around the BKK1 area. The vast remaining majority have a monthly budget of between $500 - $1,000, while nearly a fifth are in the $1,000-2,000 range.High Demand For Home LoansIn Cambodia, banks have historically focused on existing housing stock and properties within boreys (gated communities). A majority (56%) of all respondents indicated that they require a mortgage in order to purchase their property in Cambodia. Around a third of those surveyed currently have a bank or home loan. As more Cambodian buyers start to consider condominiums, some banks are starting to offer special financing options for local condo buyers.Download the 2022 Real Estate Survey by scanning the QR Code below.
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Realestate.com.kh enters into a strategic partnership with Beike Realsee to bring cutting edge technology to Cambodia’s property sector
Realestate.com.kh enters into a strategic partnership with Beike Realsee to bring cutting edge technology to Cambodia’s property sector
July 28, 2022, 6:43 a.m.
Realestate.com.kh enters into a strategic partnership with Beike Realsee to bring cutting edge technology to Cambodia’s property sectorPhnom Penh, Cambodia - Australian-based Digital Classifieds Group (DCG), the company behind Cambodia’s leading real estate platform Realestate.com.kh, has entered into a strategic partnership with one of the world’s largest property technology companies, BEIKE·REALSEE.DCG is a rapidly growing digital marketplace business with operations in Cambodia, Laos, Papua New Guinea, and Fiji, while BEIKE·REALSEE Inc is a global property technology pioneer.The new collaboration with BEIKE·REALSEE will commence with technology sharing and expand over time to include other aspects of the property ownership journey such as marketing and sales.The first product launched in collaboration with BEIKE·REALSEE is the company’s Virtual Tour technology developed by the firm’s Realsee division. Realsee’s Virtual Tour product facilitates high-quality, low-cost virtual tours for the benefit of property developers, agents, and most importantly, property seekers.BEIKE·REALSEE’s self-developed Galois Laser VR Device has already won the Red Dot Design Award for its outstanding performance and superb product design. The three-dimensional rendering, scale, and room details allow online VR viewings that are comparable to real-world viewings.Tom O’Sullivan, CEO of Realestate.com.kh, said the company is excited to add to their range of cutting-edge technology and continue working with market leaders within South East Asia.“Realestate.com.kh and Beike have the vision to transform the property ownership experience leveraging technology, and BEIKE·REALSEE are the clear global leaders in this endeavour. This world-first partnership will bring tangible improvements for property seekers on the Realestate.com.kh platform, ultimately bringing huge benefits to our real estate agent and property developer customers. It will also help Beike better understand the Cambodian market and allow Realestate.com.kh to gain valuable experience from a global PropTech leader. We are very much looking forward to working together.”“Realestate.com.kh is at the forefront of adopting technology and using virtual reality for marketing; Realsee’s virtual site visits will bring our user experience to the next level. Given the pandemic, customers often feel safer viewing properties remotely, the VR showcases allow us to work effectively with local and international clients whilst still delivering ultra-immersive property viewings,” said Tom O’Sullivan.Brett Hartley from BEIKE·REALSEE division noted “The partnership represents a unique opportunity to accelerate the digitisation of real estate services in emerging markets by tapping into DCG’s near unmatched reach across the Asia-Pacific.” Adding that “Placing technology and transparency at the core of property transactions and is fundamental to both companies’ business models. We are excited to see this partnership develop.”The strategic MOU further strengthens Realestate.com.kh's market-leading position with the company also signing a Memorandum of Understanding with market-leading tech-enabled real estate brokerage the FazWaz Group for the Cambodian property market in November 2020.Schedule a test for Realsee VRAbout Digital Classifieds Group (DCG)DCG owns a portfolio of South East Asia and the Pacific’s leading and fastest growing online marketplaces. Since its founding in 2013, Digital Classifieds Group has built the dominant real estate and general marketplaces businesses in Cambodia, Laos, Papua New Guinea and Fiji.DCG has attracted investment from a range of equity partners, including Mekong-based Belt Road Capital.For more information, please visit DCG’s official site: http://digitalclassifiedsgroup.comAbout Realestate.com.khEstablished in 2009 by Cambodian National Moek Chenda, Realestate.com.kh has grown to be the leading real estate platform and marketing company in Cambodia, working with the nation's leading real estate agencies, developers and lenders. In 2015, Australian-based DCG partnered with Moek to develop the business rapidly.The platform, available in Khmer, English, Chinese, French and Thai languages, has over 30,000 properties for sale and rent, and tens of thousands of property hunters visiting the website and app each month.For more information please visit their official site: http://realestate.com.khAbout BEIKE·REALSEEKE Holdings Inc. is a leading integrated online and offline platform for housing transactions and services. The Company is a pioneer in building the industry infrastructure and standards in China to reinvent how service providers and housing customers efficiently navigate and consummate housing transactions, ranging from existing and new home sales, home rentals, to home renovation, real estate financial solutions, and other services. The Company owns and operates Lianjia, China’s leading real estate brokerage brand and an integral part of its Beike platform.With 20 years of operating experience through Lianjia since its inception in 2001, the Company believes the success and proven track record of Lianjia pave the way for it to build the industry infrastructure and standards and drive the rapid and sustainable growth of Beike.
The Most Important Property Ownership Documents in Cambodia
The Most Important Property Ownership Documents in Cambodia
June 6, 2022, 5:00 p.m.
There are multiple documents to prove property ownership in Cambodia. Some apply to residential property while others are more catered to large development projects. As a property buyer, it is important to know the basic differences between them to save yourself headaches in the future!The Most Important Property Ownership Documents in Cambodia:1. Certificate of Ownership over Immovable Property a.k.a. Hard TitleThis property ownership title is the strongest form of ownership in Cambodia. Only available to Cambodian citizens, this title is recognized on a national level. It contains a QR Code that leads to information about the property and may contain information including GPS coordinates of boundaries.2. Strata TitleStrata Title is a nationally recognized form of property ownership applicable to private units of co-owned buildings such as condos and office buildings in Cambodia. This is the only property title wherein foreign nationals can be the direct property owner.3. Certificate of Perpetual LeaseThe Certificate of Perpetual Lease is a title issued by the Ministry of Land Management, Urban Planning and Construction (MLMUPC) usually for the purposes of land development.4. Letter of Transference of Possessory Right over Unregistered Property a.k.a. Soft TitleThe Soft Title is another property ownership title similar to Hard Title but is only issued by local authorities. Although a valid document, it is highly advised that owners of this title convert it to Hard Title for it to be recognized on a national level and prevent unwanted disputes in the future.5. Certificate of Economic Land ConcessionThe Certificate of Economic Land Concession is another ownership right issued by the government through the MLMUPC for the purposes of land development usually made by large conglomerates in Cambodia.6. Certificate of Perpetual Lease over Private UnitThe Certificate of Perpetual Lease over Private Unit is a form of ownership for long-term tenants in co-owned buildings such as condominiums or office buildings in Cambodia.7. Certificate of UsufructThe Certificate Usufruct is a legal form of ownership given to a person, group, or entity that allows them to utilise and derive benefits (including monetary) from another’s property.8. Immovable Property Lease ContractThe Immovable Property Lease Contract is a written document outlining the terms of the property lease made between the owner and the lessee. This contract gives the lessee the formal right to occupy and utilise the leased property in accordance with the terms of the contract.9. Government DocumentThis can be in the form Prakas, Decree, or Sub-decree issued by government ministries. This document is usually awarded to either public or private entities and serve as nationally recognized forms of land ownership in Cambodia.10. Certificate of Common OwnershipThe Certificate of Common Ownership is a unique form of property ownership as the document grants rights to a community and not an individual. The title contains specific information on the community’s name, as well as information on the property’s location, size, boundaries and its usage.These are the most common forms of property ownership documents in Cambodia. If you are someone looking to own property under special circumstances, do not hesitate to reach out to our property advisors.Property Concierge Service
Cambodia reinstates Visa-On-Arrival, waives 72-hour PCR test for incoming travelers
Cambodia reinstates Visa-On-Arrival, waives 72-hour PCR test for incoming travelers
June 7, 2022, 4:24 a.m.
The Kingdom of Cambodia received over 6.6 million visitors in 2019. Photo from the Khmer Times.The Kingdom of Cambodia waived its 72-hour PCR requirement for all incoming travelers. The Royal Government of Cambodia also removed the rapid-test conducted on arriving passengers.The 72-hour PCR Test has been a widely-mandated document by many nations as part of their bid to restart their economies, particularly tourism. The 72-hour PCR test has been an additional cost and documentation that has hindered most travelers from traveling internationally. Waiving these requirements will further encourage travelers to return to Cambodia over the next few months.It is important to note that these requirements only apply to fully-vaccinated travelers (with documents on-hand). Travelers who are not fully vaccinated  will have to go through the mandatory 14-day quarantine.In the same breath, the Royal Cambodian Government reinstated Visa-On-Arrival for foreign travelers. All travelers, be it through land, sea, or air are eligible for the Visa-On-Arrival.The Visa-On-Arrival has suspended for over 2 years following the country’s lockdown. The reinstatement of the visa is expected to make it easier for more tourists to come to Cambodia as close to how it was prior to the pandemic.Cambodia’s new travel rules for 2022These are the most significant and recent changes since Cambodia simplified its travel requirement for foreigners back in November 2021.The Ministry of Health, however, reminds all incoming travelers to still observe the necessary precautions to prevent another outbreak.
Protect your home 24/7 with Panasonic’s nanoe™ X technology
Protect your home 24/7 with Panasonic’s nanoe™ X technology
June 6, 2022, 5:00 p.m.
The past 2 years have reshaped Phnom Penh’s property market in a lot of ways. The starkest shift has been the focus on the local market and away from the much-coveted foreign buyer market. And as the Kingdom leads its neighbors in managing its COVID-19 situation, many property buyers are looking to make their new homes secure from the virus.Fortunately, homebuyers in Cambodia are not without help. Panasonic, a leading manufacturer of electronic goods and appliances, has developed a new technology that helps buyers in Cambodia protect their homes 24 hours with nanoe™ X technology.What is nanoe™ X Technology?Air quality has been a prime concern of many in today’s world that are coming to grips with pollution and the recent global pandemic. We often subscribe to the belief that indoor air is cleaner than the outside air, but that thought has been challenged several times.With Panasonic’s nanoe™ X technology, families have little to nothing to worry about. With hydroxyl radicals contained in Panasonic air conditioners with nanoe™ X technology, families have ensured constantly clean and safe indoor environments as it inhibits bacteria & viruses, mould, allergens, pollen and hazardous substances while deodorising for clean and fresh air and also moisturises skin and hair.Additionally, Panasonic developed nanoe™ X technology mode to operate with low energy consumption and requires no maintenance – thanks to the titanium-made nanoe™ X device.Protecting homesWhile homes are certainly private in Cambodia, it still hosts its own issues that may pose a danger to families. For instance, pets are considered part of the family in Cambodian culture, but they also bring in allergens and even bacteria that may be dangerous to the family. Another issue is tobacco and cooking odours that may spoil the fresh indoor feeling of a new home over time.Panasonic’s nanoe™ X penetrates deep into the fibres of carpets and furniture where babies and pets play and inhibits bacteria, viruses, mould, allergens, pollen and other hazardous substances.Keeping public spaces safePanasonic is a trusted brand among urban planners and designers. nanoe™ X technology is the latest proven technology selected by professionals that keep malls, hotels, gyms, and restaurants safe from the dangers of air pollutants by providing cleaner air to breathe freelynanoe™ X technology installed in CS/CU-XU10XKH units prevents odours from clinging to walls and furnishings of shared spaces and is certified to be energy efficient with low maintenance cost and requirements. This ultimately allows businesses to allot much-needed resources to other areas and ensures customer satisfaction.Creating a quality air environmentCOVID-19 has affected many workplaces and has become a bane in the plan to create hybrid workspaces for the new generation of the workforce. Business nowadays wants to reduce health risks for their coworkers and guests, minimize substances that drift whenever people come and go, and even go so far as to ensure every corner of the workplace is hygienic for children.nanoe™ X technology supports business operations by providing workers, customers, patients, students and visitors the peace of mind they deserve.Inhibiting the COVID-19 virusA test was conducted from September to November 2011 in collaboration with Texcell, a global organization specializing in viral research, in hopes of verifying that nanoe™ X technology can inhibit the novel coronavirus (SARS-CoV-2). Tests were done in closed laboratory settings, different from living spaces.Two test spaces present with the novel coronavirus were prepared: one with nanoe™ X technology (through unit CS/CU-XU10XKH) and one without. A piece of gauze with the novel coronavirus was exposed to the technology for a certain amount of time. In under 2 hours, over 99.99% of the novel coronavirus had been inhibited after exposure to nanoe™ X technology.Among further investigation using a larger test space and more challenging test parameters, nanoe™ X technology’s inhibitory effect was verified to be at 91.4%.Bringing quality air indoorsEven homeowners and small business owners can now enjoy nanoe™ X technology in their own humble spaces. Ever since the technology’s development, Panasonic has started rolling out products with nanoe™ X to ensure that their customers are getting the best air quality from them.Their nanoe™ X-integrated wall-mounted air conditioners are perfect for enjoying clean, cool air come in different sizes: premium, deluxe, and elite. They have also developed the air purifier (F-PXU70AWP) with the sole purpose of allowing its users to breathe cleaner air with the help of nanoe™ X for healthier indoor air quality. Refrigerators with the technology have also been developed, perfect for keeping food clean and hygienic.If these products are not suitable options for certain indoor places, they also have portable nanoe™ X generators ready to use, may it be for personal comfort at home or to ensure the safety of your small business customers.Catering to all spacesBeing a global brand, Panasonic caters to the various needs of its users wherever they are.  Ever since the launch of nanoe™ X, Panasonic’s patrons have expressed satisfaction towards nanoe™ X technology present in their Panasonic products.At a nursery school in Japan, viruses seemed to have become less prevalent among their students even during peak flu seasons. Temperature regulation has also been highlighted as an improved experience. The students can rest peacefully due to the efficient air circulation of Panasonic’s units, as well as the lack of noise emission from the hardware. The school’s indoor units have also contributed to keeping the air clean, preventing odours from troubling the children. Even pollen allergy symptoms on one of the teachers seem to have been alleviated by nanoe™ X technology, only remanifesting once they have left the school building.Want to know more about Panasonic’s new smart cooling systems? Inquire below:Inquire about Panasonic's nanoe™ X Units
CREA 2022: Agency of Choice Awards now open for pubic voting
CREA 2022: Agency of Choice Awards now open for pubic voting
June 6, 2022, 5:00 p.m.
Public voting for the Cambodia Real Estate Awards 2022 Agency of Choice Awards begins on the official Facebook page of the Cambodia Real Estate Awards.The Agency of Choice awards are the two awards within CREA 2022 that will be judged via public voting based on the number of likes and shares that each video of the nominees receive. The online voting runs until 25 March 17:00 GMT+7.Check out the CREA 2022’s Facebook page and listen to what each nominee has achieved and their journeys in Cambodia’s real estate sector. Don’t forget to show your support by liking or sharing your favourite candidates!CREA 2022 is the latest of the annual Cambodia Real Estate Awards organised by Realestate.com.kh in collaboration with the Ministry of Economy and Finance (MEF) and the Cambodian Valuers and Estate Agents (CVEA).CREA 2022 is an annual celebration recognising excellence in the Cambodia real estate industry, and aims to help further professionalise the industry by acknowledging and celebrating the leading agencies for their finest practices and efforts within the Kingdom’s real estate industry nationwide.Agency of Choice AwardNominees for the Agency of Choice Award 2022 include: C-Herald Property Service, Amatak Property Service, CBRE Cambodia, IPS Cambodia, Basac Realty, CPL (Cambodia Properties Limited), United Pacific Real Estate, Pointer Property, C7 Real Estate, IQI Cambodia and Century 21 Advanced Property.Gala dinner at Sofitel Phnom Penh PhokeethraThe Cambodia Real Estate Awards 2022 is set for 7 April 2022. All the shortlisted nominees and the broader real estate industry will be invited to join the Awards Ceremony and gala dinner at the Sofitel Phnom Penh Phokeethra. Over 500 attendees are expected to attend, including leading real estate agents, developers, government officials, lawyers, economists, investors, home buyers and more.Sponsors and media partnersThis event is made possible by Cambodia Real Estate Awards 2022 sponsors.Major Sponsors: B2B Cambodia, Panasonic, Hanuman Beer, foodpanda, KH Land, LM Car, Lukfook Jewellery, Midea Toshiba, Z1 FinancialOther partners: Holzer Floor, Sathapana Bank, People & Partners Insurance, Yugo Private Aviation, bodia, SCIA, Saniswiss, AIA-QLD.Media Partners: B2B Cambodia, Khmer Times, Fresh News, Thmey Thmey, American Chamber of Commerce, Property Area, and many more!Or follow us on Facebook at ‘Cambodia Real Estate Awards’Learn more about the Cambodia Real Estate Awards 2022
Levante Hybrid, Maserati’s first hybrid SUV
Levante Hybrid, Maserati’s first hybrid SUV
June 6, 2022, 5:00 p.m.
Faster. Greener. Unique. The second step in the Trident Brand’s electrification.Maserati Cambodia successfully launched the new Maserati Levante GT Hybrid last week at the Maserati Showroom. Business personalities joined the event and became part of the history of the Maserati Brand Evolution. Guests witnessed the arrival of this powerful new idea of the future in the Kingdom of Cambodia.After Ghibli Hybrid, Levante Hybrid is the second phase in Maserati’s strategy for electrification, which is projecting the Trident Brand into the futureLevante Hybrid is “Faster. Greener. Unique”: faster than diesel, more sustainable than diesel or gasoline, and unique in its specific characteristics.The Brand’s approach to hybrid propulsion focuses on both performance and fuel saving.Levante Hybrid combines the 4 cylinder, 2 litre engine with a 48-volt Hybrid system to recover energy during deceleration and braking.The unique Maserati sound is unchanged.Both the exterior and the interior are characterised by blue details, the colour chosen to denote the Brand’s hybrid models.Latest generation MIA (Maserati Intelligent Assistant) multimedia system based on Android Automotive contributes digital content and an innovative User Experience.Levante Hybrid has been available in Europe since June 2021Modena, Italy - The Future Is Now: Maserati continues to fuel the spark of electrification and projects it into the future, presenting the Levante Hybrid, the Brand’s first hybrid SUV.After Ghibli Hybrid launched last year, Levante Hybrid is the second phase in Maserati’s electrification strategy, which will involve the electrification of all its new models. A decision driven by the evolving market and the Brand’s determination to lead the field in every area of innovation. Maserati is innovative by nature.  With Levante, it continues to pursue the philosophy behind its entry into the world of electrification: the aim of improving performance while keeping true to the Brand’s values, raising performance and luxury to new heights. The result is a hybrid SUV that retains the distinctive sound of every Maserati.The arrival of the new Levante Hybrid thus expands the Maserati range, which is now even more competitive, innovative and responsive to the market's demands.Why Mild Hybrid?Levante Hybrid combines the 4 cylinder, 2 litre engine with a 48-volt Hybrid system that recovers energy during deceleration and braking. Staying true to its DNA, Maserati has chosen a hybrid solution that aims above all to maintain performance at exceptional levels, while also saving fuel. The results achieved are excellent: even greater performance with less fuel consumption.  The same brilliance of the engine and performance level of the gasoline V6 are retained intact but fuel is saved, making Levante Hybrid even more efficient than the Levante versions equipped with the gasoline or diesel V6 engines. Levante Hybrid offers the driver a car that is fun to drive, with the genuine Maserati sound. It squares the circle by delivering the smooth response of a 6 cylinder engine with the low-rpm torque of a diesel.  The hybrid system provides the same pickup as the diesel version together with the power output and acceleration of the 350 hp V6 gasoline engine, all combined with an impressive reduction in CO2 emissions, cut by 18% compared to gasoline and by 3% compared to diesel according to WLTP data.The Maserati 48-volt hybrid system has four parts: BSG, battery, eBooster and a DC/DC converter. The BSG (Belt Starter Generator) does the job of an alternator, recovering energy during braking and deceleration and charging the battery in the boot, which in turn powers the engine's eBooster. The reason for installing an eBooster on the car is to back up the conventional turbocharger, working in tandem with it, to sustain the engine's power output at low rpm. The hybrid system's operating strategy ensures that the eBooster is always available, via battery or BSG, whenever it is needed. The BSG and eBooster combination also provides an extra boost when the engine reaches peak rpm in Sport mode, at which point you can fully enjoy the performance benefits, while in Normal mode it balances fuel consumption and performance.In the Levante Hybrid, everything is designed to deliver the very best performance.  The hybrid car weighs less than the 6 cylinder engine equivalent, and above all has an even better weight distribution since the engine is front-mounted and the battery is placed in the rear, without compromising the load capacity and optimally balancing the vehicle masses. This design allows the Levante Hybrid to be even more agile and fun to drive.The internal mechanical components of the 2 litre 4 cylinder engine, already installed on Ghibli Hybrid, were developed through in-depth engineering work at the Maserati Innovation Lab in Modena, to achieve greater torque and enable the turbocharger and eBooster to deliver even more power. The engine's electronic control system also changes completely with a switch to a Bosch new-generation ECU. The engine is built at Termoli, Italy.Thanks to a maximum power output of 330 hp and torque of 450 Nm delivered from just 2250 rpm with value up to 90% since 1750rpm, the performance data of the new Levante Hybrid, only available with all-wheel drive, is very impressive: top speed of >240 km/h and acceleration from 0 to 100 km/h in 6 seconds.  Levante Hybrid’s power output is the same as that of the V6 gasoline version, and better than the diesel. It has more boost than the diesel version, with 165 hp/l (also higher than the gasoline version), and above all it slashes CO2 emissions to 231-252 g/km in the WLTP cycle, as well as a fuel-saving of more than 18% compared to the 350 hp V6 version while maintaining the same level of performance.The Maserati SoundLevante Hybrid is still in every respect the “Maserati of SUVs”, including its sound, which, in spite of the hybrid propulsion, is the distinctive growl of every Trident Brand model. The sound is achieved without resorting to amplifiers, by just tweaking the fluid dynamics of the exhausts and adopting resonators, tuned to deliver the trademark sound.  Anyone on board a Maserati hybrid must still hear the unmistakable roar of a Maserati engine.Levante Hybrid: Distinctive External and Internal Features The Levante Hybrid will be introduced in a new metallic tri-coat blue colour called Azzurro Astro; this colour will be available in the Maserati Fuoriserie program. Moreover, the Levante colour assortment will add for hybrid versions the Grigio Evoluzione, already presented for Ghibli Hybrid. Some details are in cobalt blue, the colour chosen to identify hybrid cars, already used by Maserati to denote the Ghibli Hybrid. On the exterior, blue characterises the three iconic side air ducts, the brake callipers (optional) and the C-pillar logo. The same blue colour reappears inside the car, specifically on the embroidered seams of the seats. For the first time, Levante Hybrid will feature a specific look with new logos. The oval logo will change, the C-pillar logo will comprise the Trident on its own, the GT badge will appear above the three side air ducts, and there will be new tailgate lettering. In the interior, the logo on the multimedia system will also be modified.Levante Hybrid Makes Its Debut in GT Trim The Levante Hybrid makes its debut in the new GT trim, with the GranLusso external styling features, and with the Sport Pack available as an optional.It will have chrome finishes on the front bumper and front grille, as already seen on Granlusso versions, and the GT badge will appear above the three iconic side air vents. GT interiors will be characterised by Standard Leather Grain A and Black Piano Trim. The full range of leather and trim upgrades of Levante will be available as optional.The Design of the “Maserati of SUVs”The design concept of Levante combines coupé lines with interior space for five people and exceptional aerodynamic efficiency. “The Maserati of SUVs” is instantly recognisable from a distance, thanks to its imposing grille. With MY21, the front had already been updated to feature the innovative front grille with tuning fork design. This front grille is chromed for the Hybrid version.Levante Hybrid is fitted with rear light clusters with the boomerang design, inspired by Maserati cars from the past and already introduced with the MY21 version, effectively refreshing the Maserati SUV’s image. To emphasise the boomerang shape, the clusters have been produced with a state-of-the-art 3K injection moulding technology, thanks to which the unit has been given a three-colour lens: black around the edge, red in the middle and clear in the bottom section.  The distinctive exterior identity is enhanced by a series of elegant chrome inserts in the front fascia, chrome front/rear skid plates, body colour rear spoiler, Cobalt Blue brake calipers (optional) and 19-inch Zefiro alloy wheels.InteriorThe interior includes the 8”4 central screen with improved resolution and graphics and above all with a visual effect that makes it look like a single curved screen with the air vents cut into it, enabling vertical reading of the whole display.In the lower part of the display, the Maserati script logo is screen-printed on the inside of the screen, for a three-dimensional effect.The instrument cluster, which includes a large rev counter and speedometer (still analogue but with updated graphics) on either side of a 7” TFT display, has a technologically advanced appearance. Effects are achieved by alternating glossy and matte blacks. The perimeter ring which contains the numbers is reflective glossy black, while the central ring containing the indicator lights is matte black. The resolution and graphics of the display between the rev counter and speedometer have also been updated; they now match those of the large central screen, with the introduction of gilded surrounds for a more distinctive, luxurious look.Q4 Intelligent All-Wheel DriveMaserati Hybrid is equipped with the architecture of the Maserati Q4 Intelligent All-Wheel Drive System, based on an electronically controlled multi-plate clutch, installed inside a transfer case linked by a driveshaft to the front axle. The system is designed to provide all the benefits of Maserati’s traditional rear-wheel drive even in low grip road conditions. The system acts by transferring traction to the front wheels on demand and with an immediate response.In normal driving conditions, the Q4 delivers 100% of torque to the rear wheels. On slippery road surfaces, or in the event of loss of traction at the rear (standing starts or very high-speed cornering), the system reacts immediately and transfers the necessary traction to the front wheels, altering the front/rear torque split from 0:100% to 50:50% in a matter of 150 milliseconds.Q4 Intelligent All-Wheel-Drive with variable torque setting is always active and responds immediately to any change in driving conditions. Although the change in torque split is imperceptible, the system’s activity can be monitored in real time on the display.A sophisticated algorithm specifically developed by the Maserati engineers provides real-time monitoring of an extensive range of dynamic vehicle parameters (wheel speed, steering and yaw angle, power output, speed and braking action) as well as wheel grip and driving style.By processing all this data, the system can maximise a dedicated grip profile for each single wheel, thus ensuring optimal management of the car’s dynamics to suit every possible road condition, at any time. The aim is to guarantee absolute driving pleasure without sacrificing safety or superlative performance.Limited-slip Self-locking Differential (LSD)The Levante Hybrid is equipped with a Limited-Slip Differential (LSD) on the rear axle. Installed as standard, it ensures optimal traction in all driving conditions. The asymmetric locking feature offers 25% lock-up under power and 35% under release.Torque VectoringThe torque-vectoring function, further developed for Levante, increases the SUV’s sportiness and driving pleasure in conjunction with the LSD and the Q4 Intelligent All-Wheel-Drive. When cornering, the system distributes more torque to the outer wheels by applying a slight braking force to the inner wheels.ChassisLevante originated with the aim of supplying the characteristics of a real all-terrain vehicle together with on-road performances worthy of a Maserati. Levante’s chassis has been designed to ensure exceptional rigidity, an extremely low centre of gravity and ideal 50:50 front/rear weight distribution while keeping curb weight down. Levante is a genuine SUV that also has the lines of a classic Maserati sports car, with great attention focussed on the elements in order to enhance performance. The chassis features extensive use of lightweight materials, for the dual purposes of reducing weight and maximising safety for the driver and passengers. The front of the chassis features an aluminum casting with a reinforced cross-strut which helps deliver outstanding rigidity in every direction, while the rear is made from heavier rolled steel to optimise strength and weight distribution. The doors, bonnet and boot are in ultra-lightweight aluminum. The car also features magnesium components (dashboard strut).Suspension ConfigurationThe suspension frame, wishbones, hub strut, towers and crossbeam reinforcement are all made of light aluminum alloy. The model retains the widely acclaimed air suspension configuration of the Ghibli, but with some significant modifications appropriate to an SUV: greater travel for off-road driving, new spring calibration to deal with rough usage, and more control of variations in camber and toe to respond to the different ride height settings. The air suspension essentially shares the same components and geometry with the other Levante models. Suspension frame, wishbones, hub strut, towers and crossbeam reinforcement are all made of light aluminum alloy, using a moulding technology that ensures greater rigidity without weight increase. In fact, in line with the tradition for Maserati racing cars, Levante has double-wishbone front suspension and state-of-the-art technology for optimal control and precise handling. The suspension towers are incorporated in the car’s chassis.The architecture of the double-wishbone system provides direct, precise steering. The multi-link rear suspension was chosen to ensure outstanding ride comfort and performance. To reduce weight, four links are in forged aluminum and one in cast aluminum.Both front and rear suspensions include an anti-roll bar, hollow at the front to reduce weight even further. A crossbeam reinforcement connects the rear of the suspension frame to the underbody to maximise structural rigidity.Air SuspensionLike other Levante versions, the Hybrid is fitted as standard with a state-of-the-art air suspension system. This sealed pneumatic system comprises four independent air springs, each with level sensor, two reservoirs mounted on the rear suspension cradle, a compressor with valve assembly, and ECU integrated in the Skyhook shock absorber control system. Apart from the obvious benefits such as enhanced ride comfort and active safety, the air suspension helps to save fuel and reduce CO2 emissions, since they allow the car’s set-up to be lowered when on the move, reducing drag at high-medium speeds.The car’s stability and set-up are further improved by the lower centre of gravity and the reduction in load transfers due to the exceptional stability even at the highest speeds. The air suspension system features six different ride levels (including Normal and Park).The driver can alter the ride height manually via the nearby rocker switch or by choosing different driving modes on the central console. The height variation from the lowest position to the highest is 75 mm – up to 85 mm with the Park level included. When the car is at a standstill, its set-up is lowered by 45 mm, meaning 10 mm more than in Aero 2 mode, to facilitate the driver and passengers when entering and leaving the vehicle. The suspension returns to Normal ride when a speed of 24 km/h is reached.The ride level varies in response to speed in order to maximise safety and handling. Thanks to intelligent mapping, the suspension automatically lowers the car at high speeds and only enables a high set-up (Off-Road mode) below pre-set speeds, typical of off-road driving.Adaptability to All TerrainsThe driving modes are designed to make Levante even easier and more exciting to drive. Normal mode is activated automatically when the car is started, while Sport and Off-Road – and Corsa on the Trofeo trim – are the driving modes that best express Levante’s dual personality, transforming it from a sporty, dynamic GT to a high-performance, comfortable all-terrain vehicle at the touch of a button.The driver can completely deactivate the Maserati Stability Program (MSP) and adjust the car’s ride level separately using the air suspension switch located above the hazard lights button. The front/rear torque split is identical in all driving modes: 0:100, which the system can modify to up to 50:50 in just 150 milliseconds.In Normal mode, the driver can choose between two different suspension set-ups: Normal or Aero 1 (-20 mm). The suspension set-up is the feature that best illustrates this car’s ideal trade-off between sportiness and comfort.When Sport mode is selected, the driver can retain the basic ride height or lower the car to level Aero 1. In this mode, the MSP offers a specific sport suspension setting and torque vectoring is active.When the driver presses the new Skyhook system button, the suspension rigidity is increased and the ride switches to Aero 1. The driver can also switch the car’s ride height from Aero 1 to Normal without exiting Sport mode or losing the sporty setting of the Skyhook suspensions.The off-Road mode can be selected by pressing the button provided or using the set-up rocker switch. The car’s ride height is increased by 25 mm and the Skyhook system’s response is modified. The car’s ride height can also be increased by a further 15 mm (Off-Road 2) to about 40 mm above the basic setting, or no less than 247 mm.Sound SystemAn 8-speaker, 180 W audio system is standard on  Levante Hybrid. The Harman Kardon Premium and Bowers & Wilkins Premium Surround Sound systems are available as options.Harman Kardon Premium Sound System with 14 speakers and a 900 W amplifier. The extra watts compared to the standard system, the black-finish grille pattern on the door woofers with HarmanKardon logo, and th 12-channel amplifier, together with a high-performance subwoofer, represent the best trade-off between sound clarity and performance.Bowers & Wilkins Ultra-Premium Surround Sound System for those who demand the finest hi-fi equipment. Maserati offers the Bowers & Wilkins Premium Surround Sound System, with 17 speakers, a 1,280 W amplifier and perfectly-configured QuantumLogic™ Surround.The Bowers & Wilkins Premium Surround Sound System features a central 100 mm Kevlar cone and three 25 mm tweeters, one at the centre of the dashboard and two on the upright. The front doors house a 165 mm woofer and 100 mm Kevlar cone mid-range speaker, while the rear doors each carry a 165 mm Kevlar woofer and 25 mm tweeter. The rear shelf has two 100 mm Kevlar mid-ranges and a 315x200 mm subwoofer.The system includes, as standard, the Clari-Fi function, which analyses compressed digital audio files such as MP3 files in real time and corrects any defects. Clari-Fi functions automatically with no particular settings required, modulating the way the sound is processed in response to the quality of the individual source signal.ADAS: Greater Safety with Active Driving AssistAlthough ADAS are valuable assets for ensuring a safer driving experience, Maserati also remains faithful to its core philosophy as a manufacturer of race-bred grand touring cars with exceptional dynamics capable of offering an unparalleled driving experience. Active Driving Assist is an evolution of Highway Assist, introduced with MY18. A “hands-on” function (the driver is required to stay in control of the car at all times), it is intended for use on any type of road as long as it is in good condition.While previous versions were only usable on highways, today it is available on any well-maintained road at speeds up to 145 km/h with the Adaptive Cruise Control system activated: it reduces driver fatigue and consequently enhances active safety by allowing the car to keep itself centred in its lane and to adapt its pre-selected speed in full autonomy.The system employs a radar unit and a forward-looking camera and works with the EPS to control the direction of the car. The multi-function camera detects horizontal road markings and calculates the distance and speed of the preceding vehicle. Highway Assist includes a radio that provides road information, and a ‘hands-on wheel’ detection system.The driver can override the system at any time.New Generation Multimedia SystemLevante Hybrid is equipped with the MIA (Maserati Intelligent Assistant) latest-generation multimedia system. The heart of MIA is the powerful Android Automotive operating system, which offers a completely new, innovative, higher-performing User Experience, with full personalisation to the driver's use preferences. Always connected with Maserati ConnectLevante Hybrid is connected, thanks to the new Maserati Connect program. Having the Maserati connected at all times enables an eye to be kept on the car's health, and Maserati Connect will alert the driver when a service is due, improving the customer care experience.Maserati Connect also enhances safety and security, with assistance in emergencies and in case of car theft. With a Smartphone or Smartwatch, drivers can always stay in contact with their Maserati thanks to the Maserati Connect App; this is also possible from home via their virtual personal assistant (Amazon Alexa & Google Assist).Maserati Connect enables the use of Amazon Alexa services onboard and the creation of a Wi-fi Hotspot inside the Maserati.Thanks to the integrated, connected navigation system, the driver always has the latest traffic information in real-time, as well as constantly updated maps.TECHNICAL SPECIFICATIONSLEVANTE HYBRIDENGINELayoutL4 Mild Hybrid with eBooster and 48V BSGDisplacement (cc)1995Bore x Stroke (mm)84 x 90Compression ratio9.5:1Maximum Power (hp @ rpm)330 @ 5750Peak torque (Nm @ rpm)450 @ 2250Fuel injectionGasoline Direct Injection GDIInjection pressure (bar)200Induction1 Mono-scroll turbocharger1 eBooster 48 VCrankshaftForged steelLubricationVariable displacement oil pumpTiming system1 chain-drive overhead camshaft with MultiairPERFORMANCEAcceleration 0-100 Km/h (s)6.0Top speed>240Braking distance from 100 to 0 km/h (m)36FUEL CONSUMPTION AND CO2 EMISSIONSWLTP combined cycle (l/100 km)TBC *Pending current certificationWLTP combined cycle (g/km)231-252 TRANSMISSIONGearboxZF eight-speed automaticGear ratios1st: 5; 2nd: 3.2; 3rd: 2.14; 4th: 1.72; 5th: 1.31; 6th: 1.00; 7th: 0.82; 8th: 0.64; Reverse: 3.46; final: 3.27TransmissionAll-wheel drive with limited slip self-locking mechanical rear differentialSUSPENSIONFrontDouble-wishbone, anti-roll barRearMulti-link, anti-roll barBRAKESFrontVentilated discs 345x32 mm, 2-piston floating calipersRearVentilated discs 330x22 mm, 1-piston floating calipersDIMENSIONS AND WEIGHTSFront/rear tyres265/50 R19L x D x H (mm)5005 x 1981 x 1693Wheelbase (mm)3004Front/rear track (mm)1631 / 1662Luggage capacity (l)580Fuel tank capacity (l)80Homologated weight (kg)2090
Prek Pnov joins outer districts in land appreciation
Prek Pnov joins outer districts in land appreciation
June 6, 2022, 9:50 p.m.
Prek Pnov may be behind compared to other districts, it does present opportunities once more land becomes viable for development. Supplied.Phnom Penh’s outward development is continuing to drive land prices up in the outer districts. According to Realestate.com.kh, Cambodia’s largest real estate classifieds portal, Meanchey, Chroy Changvar and Por Sen Chey property prices have been on the rise despite the slump over the past 2 years. Now, it seems Phnom Penh’s property boom is spilling onto another outer district.Prek Pnov, one of Phnom Penh’s northern districts, is seeing land prices rise recently. Realestate.com.kh observed that inquiries and sales activity in the area increased by 60% compared to the same period in 2021. The district is seeing undeveloped properties being converted to additional road infrastructure and various residential & commercial projects.Land prices in the Prek Pnov area vary depending on the location and what infrastructure is nearby. Some areas, especially those closer to Phnom Penh city proper have gone up as high as $800 - $1,000 per square metre while areas further out are now $300 to $500 each. Land next to smaller roads are also reportedly being offered anywhere from $100 to $200 per square metre.Prek Pnov shares the two major factors making outer districts poised as the next property investment destination within Phnom Penh. It is relatively close to the city centre and is home to many Cambodians with jobs and businesses in the core areas of the capital.Prek Pnov is additionally benefiting from the hastening development of Chroy Changvar. The peninsular district is seeing major developments such as the Morodok Techo National Stadium and the adjacent WorldBridge Sport Village, the designated venue for the upcoming SEA Games 2023 and ASEAN Para Games 2023. Large entertainment venues such as Garden City and Phnom Penh Safari are easily accessible from Prek Pnov via the Prek Pnov bridge and Win Win Boulevard.Chroy Changvar has also been designated as the location of the upcoming Svay Chrum Bridge which will directly connect Phnom Penh residents to the Areyskat area of Kandal Province - an area eyed by investors for further development in the coming years. It is increasingly apparent at this point that Prek Pnov will only likely benefit from the attention Chroy Changvar has been receiving.While Prek Pnov still lags behind other outer districts such as Chroy Changvar, Por Sen Chey and Meanchey in terms of earmarked projects, the district has plans for its lakes and swampy fields to be reclaimed and turned into land primed for development.Interested in looking for property in Prek Pnov? Check out our listings below:Prek Pnov Property Listings
Borey Kasen puts Khan Kamboul back on property seekers' radars
Borey Kasen puts Khan Kamboul back on property seekers' radars
June 6, 2022, 5:00 p.m.
Any property seeker worth their salt knows Phnom Penh’s property prices are higher the closer one gets to the centre. In fact, this has led both buyers and developers to look further out of the city for many better-priced homes.Districts like Chroy Changvar, Sen Sok, Por Sen Chey, and Meanchey have become popular choices for Cambodian families looking for landed homes. But these areas are seeing their prices rise year after year; if someone is shopping for a home in the next 3-5 years, they might have a harder time finding something that fits your budget today. Fortunately, Phnom Penh’s property market is constantly expanding with new places becoming more suitable for the modern Khmer family.Khan Kamboul, for example, is the westernmost district in Phnom Penh and can be accessed through National Road 4 and the recently rehabilitated National Road 3. Infrastructure developments in the district have pushed Khan Kamboul from a dust bowl area to now playing host to several commercial areas and residential projects a.k.a. Sprawling boreys especially made for Khmer families.The biggest among the boreys coming to Khan Kamboul is Borey Kasen. Borey Kasen Phnom Penh is built on an area of ​​about 30 hectares, located along National Road 3 (km. 15). Additionally, the project is only a short drive from Chom Chao roundabout and is only 10 minutes from Phnom Penh International Airport in Por Sen Chey.Borey Kasen Phnom Penh is developed with a comfortable living and potential business ventures in mind. These features are best seen in their King and Queen Villas - which are consequently their most popular units to date with many keen-eyed Cambodian families looking for high-quality homes booking a unit before prices pick up.Borey Kasen complements its high-quality homes with a premium suite of amenities including gardens, club houses, swimming pools, fitness clubs, cafes and a shopping center as complements to its outstanding residential offerings and making it a prime choice for Cambodians looking to live a comfortable life in a private neighbourhood.Borey Kasen’s quality homes are currently offering their units at an 18-month installment with 0% interest. The project developer is additionally offering loans of up to 80%. Curious about deals with Borey Kasen? Inquire now!Inquire about Borey Kasen
A fruitful future for Akriey Ksart - another Phnom Penh's spillover to Kandal Province
A fruitful future for Akriey Ksart - another Phnom Penh's spillover to Kandal Province
August 12, 2024, 9:57 a.m.
Phnom Penh, the capital of Cambodia, is located at the heart of the southern part of the Kingdom, within the entire surrounding of Kandal Province. Phnom Penh's continuous expansion of territory has always resulted in the new planning of the bordering areas in Kandal Province. One of the most powerful pieces of evidence is the construction of the biggest international airport in the Kingdom. According to the plan, the new airport, named "Techo Takhmao International Airport", spans in Kandal and Takéo provinces, covers an area of ​​2,600 hectares, and costs about US$1.5 billion. The construction is divided into three phases. The first phase will be completed in 2023, with an annual capacity of 13 million passengers. The second one will end in 2030, with an annual capacity of about 30 million passengers. The last phase will end in 2050. All together it is available for 50 million passengers annually.  The new airport is 10 km from Hun Sen Boulevard. The Ministry of Public Works and Transport plans to develop a new train route connecting the city centre to the new airport. On the other hand, it is also reported that OCIC has planned to build a highway for shuttle transport. The preliminary plan is to connect directly to the new international airport with Hun Sen Boulevard via Chbar Ampov, and another proposal is to connect the new airport to the third and fourth ring road. Whatever, it means that the new airport will not only drive residential and commercial developments in its proximity, but also promote the prosperity of the areas along the traffic network, of which related areas in Kandal Province are in the most direct benefits. Last month, Prime Minister Hun Sen confirmed that the government plans to use part of the Korean government loan to build a bridge connecting Phnom Penh City to Akriey Ksart Township in Kandal Province, and the estimated cost of the bridge is between US$40 million and US$50 million. This news has been followed by a land trading boom set off in some areas of ​​Akriey Ksart, with the price of land in some areas  reaching US$1,000/m². According to a report by CC-Times, the chief of Akriey Ksart Village said, “There are more and more companies buying and selling land, which has driven the price of land to rise, the price [of lands on riverside] will be much more expensive.”  However, the rational voice from  the real estate industry is that the current real estate prices in Akriey Ksart Township have risen slightly, but the "surge" of land prices will not occur. At the very least, Cambodia's real estate industry needs time to come back to vitality. The current price of land in Akriey Ksart is between $300 and $600 per square meter. Mr. Chrek Soknim, chairman of the Cambodia Real Estate Appraisal Association, predicts that land prices in Akriey Ksart may increase by between 10% and 20%.  Not long ago, the construction plan of the Cambodia-Korea Friendship Bridge was made, which consists of two sections. One end sets near the Night Market, while the other end sets in Akriey Ksart Township, with a middle support on Chroy Changvar peninsula beside Sokha Hotel. This cross-river bridge aided by South Korea is expected to be groundbreaking next year. A beautiful and spectacular cable-stayed bridge will not only be a key point of the Phnom Penh 2035 urban plan, it will also be one of the eye-catching landmarks.  Thus far, as a key part of the planning of Phnom Penh City, the first move has been made to get to the approach that Akriey Ksart Township, which is now in Kandal Province, will be included in the capital’s jurisdiction in the future. Once the bridge completes, large-scale commercial complexes, various residences, and characteristic tourism will naturally come along. Experts in the property industry have predicted that the riverside area of ​​Kandal Province and the area within the radiation range of Phnom Penh's No. 3 Ring Road will be replicated as another Chroy Changvar under the pushing of infrastructure.  Right now, this part of Kandal province across the Mekong River from Phnom Penh is still undeveloped land, spotted with three wetlands. There are a few leisure and vacation spots that Phnom Penh citizens like to go to, and each one has its own countryside speciality. Here are some cases in point.  If you take a boat from Diamond Island Ferry to get to Akriey Ksart Village, and then drive along the country road for about 15 kilometers, you will arrive at a place close to the convergence of the three lakes. Here it is - A resort named Jet's Garden Park in Vihear Sour Village, which is the most typical ‘playground’ that welcomes Khmer families up for 1~2 day excursion. Well, you can also enter Kandal province from the north along Road No.8. A few-dollar pass is affordable. There is a children's amusement zone, a mini zoo, a large swimming pool, football course, billiards, fishing, cycling and other options including food and drink. There are also guest rooms in the park, as well as special accommodations such as camping tents and car tents.  Not far from the Akriey Ksart ferry, there is a dairy farm called "Moo Moo", which is the first local milk supplier in Cambodia, supplying fresh milk to the citizens of Phnom Penh every day. This farm is an entrepreneurial project of young foreign talents co-operating with localized employees. The expatriate members of the farm speak fluent Khmer, and their product concepts and management are down-to-earth, so the farm's Facebook page has drawn a large number of loyal fans. It is conceivable that the now Akriey Ksart Village, Phnom Penh's future Akriey Ksart District, is extremely well-positioned to become the ‘backyard’ of Phnom Penh on the premise of retaining its inherent attractions. Residential developments around Akriey Ksart are currently few and far between. For example, Chaktomuk Cityview1 & 2 and Toul Sangke The Sanctuary City are two townhouse projects. The residences they provide are based on traditional Cambodian townhouses, and they attract Phnom Penh's buyers by adding fashionable design elements, supporting facilities to living experience. The Sanctuary City is located in the Akriey Ksart area and has relatively complete facilities. While, Chaktomuk Cityview in Svay Chrum is larger, adjacent to the Cambodia-Korea Friendship Bridge that has already been planned for direct transport between Svay Chrum and Chroy Changvar. Borey Chaktomuk City 2 Borey Villa Toul Sangke As the newest spot in the Capital Bay Area, Akriey Ksart District has a huge space of potential to attract different sectors of industries. The construction of the Cambodia-Korea Friendship Bridge in 2023 is meant to be another epoch beginning. Looking for property in Phnom Penh? Let us help!
Phnom Penh's riverfront is always the prime for properties
Phnom Penh's riverfront is always the prime for properties
September 23, 2022, 5:23 a.m.
As the most prominent online portal for Cambodia's real estate market, Realestate.com.kh data indicates that the Kingdom’s housing market is slowly recovering. Major investors are still purchasing properties in high-quality developments which could offer potentially high returns along the city’s riverfront. In the capital Phnom Penh, after the Cambodian property market was flat for two years, leading developers are returning to boost the market and are identifying the strategic properties along the Mekong, Tonle Sap, and Bassac Rivers.Since March 2022, among the most eye-catching projects in Phnom Penh are top-quality housing developments incorporated within the conceptual "Bay Area". Properties which are tagged under 'River View', 'Riverfront', and 'Waterfront' are associated with stylish and in-demand urban living and are being snapped up for their future potential. Within Cambodia and other cultures, there is a strong connection to water and major cities and towns in Cambodia are connected by the Mekong River. In Phnom Penh, construction and businesses have sprung up on either side of the Mekong’s banks. The neck-breaking advanced development and changes in Chroy Changvar, on Diamond Island (Koh Pich), and in Koh Norea, as well as the strategic city planning of Khan Chbar Ampov and Arey Ksat are clear indicators that the ‘bay area’ will attract affluent urbanites from within the country, and from overseas.High-end modern apartments and sky-high mansions have gradually become popular in the ‘bay area’ of ​​Phnom Penh, and most of them currently occupy excellent and panoramic riverside views. If you have ever visited the sites of these projects, overlooking the broad urban landscape ringed by rivers, you will appreciate their popularity and sense of serenity. With the accelerated infrastructure construction and development in the capital, bridges across the rivers are being built and more are planned, not only to alleviate the traffic but as a result of the expanding urban sprawl which is also opening up new exciting areas for development. These large bridges are all funded via a mix of local and other Asian government support from Korea, Japan and China and are aptly named ‘Friendship Bridges’. Once these new access routes and bridges are open to traffic, the value of a new land naturally rises - It's logical to identify that areas such as Arey Ksat village (within Kandal Province) are included within the territory of Phnom Penh City. Phnom Penh's ‘bay area’ economy looks set to thrive in all aspects.The charm of the riverside lies not only in the refreshing and natural environment, but the flows of the rivers in the capital flow north to south, which means the banks of a river face either sunrise or sundown, offering beautiful starts and ends to the day in tropical Cambodia.What is most appealing is that the tip of the Chroy Changvar peninsula, Diamond Island, Khan Chbar Ampov, and Arey Ksat together enclose the confluence of three well-known and vital rivers. This natural landscape offers an incredible and enviable view for many riverside residences. Those interested in buying fantastic and affordable riverside properties in Southeast Asia, specifically in Cambodia - shouldn't miss out on this great opportunity!See the most popular riverfront condominium projects below.MORGAN EnMaison Diamond Bay Garden Vue Aston The Peninsula Private Residences Wealth Mansion La Vista One   Looking for property in Phnom Penh? Let us help!
Phnom Penh suburbs offer lowest condo sale prices
Phnom Penh suburbs offer lowest condo sale prices
June 6, 2022, 5:00 p.m.
Phnom Penh’s outer districts are coming into form as suburban hubs in Cambodia’s largest city. Supplied.The development of Phnom Penh’s suburbs has been an ongoing endeavour for the city’s urban planners, developers and other investors long before the pandemic. Prices in the city centre and adjacent districts have risen steadily over the past half-decade, only seeing a slowdown during the height of COVID-19.But as Cambodia now leads most of its neighbours in terms of its population vaccinated, international tourists have started flying in and daily life is returning to as close as it can to pre-pandemic activity, attention is once again returning to the suburbs of the Cambodian capital.Realestate.com.kh, Cambodia’s largest real estate classifieds portal, observed that median sale prices for condominiums in the suburban districts of Chroy Changvar, Por Sen Chey, and Meanchey are relatively lower than other outer districts coming out of the pandemic.Chroy Changvar, for example, has been a hotbed of new developments and is often shortlisted for suburban living. According to Realestate.com.kh’s Market Trends, the median price for condos in the district hovers around $100,000 as of early 2022. For that price point, buyers can get a 2-bedroom unit with over 90 sqm of space in some projects in Chroy Changvar with a few thousand dollars left.Western-style condominiums are becoming more common in Phnom Penh’s property selection. Supplied.A few notable projects in the district include the massive WorldBridge Sport Village (WBSV), the first-ever sports village in Cambodia and the venue of the upcoming SEA Games 2023 and ASEAN Para Games 2023. The WorldBridge Sport Village is adjacent to the newly finished Morodok Techo National Stadium and its sports facilities, making it an ideal choice for homebuyers looking for an active lifestyle.On the southern end of Chroy Changvar, near the district's roundabout, is where the Peninsula Private Residences is located. The Peninsula Private Residences is a multi-awarded development having won the Best Interior Design and Best Architectural Design awards back in 2019 and consequently put Chroy Changvar back on the map.Other notable projects in the district include Morgan EnMaison, Wealth Mansion, La Vista One and Mekong View Tower 6.The airport district of Por Sen Chey has also been at the sights of many property developers and buyers. Located west of Phnom Penh’s downtown, the Por Sen Chey area is where the Phnom Penh International Airport is located and serves as a home to over 200,000 residents or 10% of the capital city’s population.While Por Sen Chey is more known for its shophouses and other landed properties, there have been condominium/apartments available new or for resale in the district. According to Realestate.com.kh, as of early 2022, the median sale price for condominium units in the district is around $90,000 for a 2-bedroom unit, making it a choice for residents looking to live on the western side of Phnom Penh.Then there is the Meanchey district. This district has been featured on previous editions of Realestate.com.kh’s market insights for its vast lands, large population and overall potential for residential and commercial development. As of early 2022, median sale prices for condos in the district is around $115,000, having picked up over the years since the completion of the Hun Sen Boulevard, development of several high-profile boreys, construction of the new airport in Kandal and the groundbreaking of AEON Mall 3, touted to be the biggest mall in the Kingdom when it opens sometime in 2023.Phnom Penh’s outward expansion will likely continue apace as local demand for suburban homes increases. Developers are now racing to meet this demand as the Ministry of Economy and Finance (MEF) announced earlier in 2022 that almost 4,000 projects, amounting to over $10.35 billion USD were approved in the first 11 months of 2021; 90% of which are classified as residential projects.Looking for property in Phnom Penh? Let us help!Article by:
National Road 11 development drives land prices up in Prey Veng
National Road 11 development drives land prices up in Prey Veng
June 6, 2022, 5:00 p.m.
National Road 11 passes through the countryside east of Phnom Penh. Supplied.Infrastructure projects are often generational endeavours, meaning that if a project starts today, its full benefits could only be realised a generation or two later. But Cambodia, despite the pandemic, continues to make strides in its national infrastructure and is pushing the calendar up in reaping the benefits.The most recent of these projects is the completion of National Road 11 (NR11). Realestate.com.kh, Cambodia’s largest online real estate classifieds portal, observed that land prices around the roadway have been picking up since it finished construction in late 2021.The construction of National Road 11 has an estimated cost of about $98.388 million US dollars, financed by the Commonwealth of the People's Republic of China. The road’s construction began December 2017 and took 44 months to complete. The road was inaugurated on December 6, 2021 by the Royal Government of Cambodia.National Road 11 was inaugurated in late 2021. Supplied.Much of the value of the land adjacent to the national road was between $40 to $50 per square metre. This price has nearly doubled to anywhere between $70 to $80 per square metre as of reporting. This jump in price is not uncommon in Cambodia’s fast-developing real estate sector.In 2019, the development of the 202 km-long National Road 3 started driving land prices in areas in crosses. For example, Chaom Chao to Kampong Toul Bridge - right at the city boundary of Phnom Penh - to well over $200 per square metre. Past Kampong Toul Bridge, land properties around $20 per square metre have risen to almost $80 as road infrastructure projects approach completion.National Road 11 connects economic corridors vital to Cambodia’s development plans. Supplied.The development of National Road 11 has attracted property developers and other land investors. There have been inquiries coming from warehouses, gas stations and other entrepreneurial projects over the months since being inaugurated.National Road 11 links two economic corridors in Cambodia, namely: National Road 6 leading to the Cambodian-Thai Border in Poipet and National Road 1 which leads to the Cambodian-Vietnamese Border in Bavet.NR11 stretches 96 kilometres from the National Road 1 intersection in Neak Leung in Prey Veng Province, just before the boundary with Kandal. NR11 then intersects with National 8 and ends with an intersection with National Road 7 further up north, allowing transportation vehicles to bypass the busy roads of Phnom Penh to get to National Road 6.National Road 3 and 11 are but a few of the many other national infrastructure projects the Royal Government is currently overseeing. Prices around these roads are expected to increase in price as more investments, particularly in manufacturing and logistics in Cambodia drive the need for a reliable national road network.Looking for property in Cambodia? Let us help!Article by:
Capital Gains Tax delayed until the end of 2025
Capital Gains Tax delayed until the end of 2025
August 28, 2024, 3:03 a.m.
The General Department of Taxation in Cambodia consistently exceeds yearly targets, giving the government much-needed funds for social programs and infrastructure development. Photo from Khmer Times.Cambodia’s Capital Gains Tax (CGT) is delayed for the 4th time until the end of 2025. 9The postponement of the tax likely stems from the government’s record of waiving taxes and other fees to further foster economic activity, especially in the Kingdom's real estate market.Contrary to popular belief, the Capital Gains Tax is not a new tax; businesses in the Kingdom have always paid this tax. The CGT that was supposed to go into effect recently was an expansion of its tax base, specifically covering individuals buying and selling properties.Before the pandemic, the surge seen by the construction and real estate sector was driven by high interest from foreign investors looking at Cambodian properties. In 2019, capital investments in construction amounted to over $9 billion and grew to over $10 billion two years later in 2021.Despite the pandemic, the country’s real estate market has largely remained afloat with much of the sector shifting its focus to the local market. According to CBRE Cambodia’s Fearless Forecast 2022, the compound annual growth rate for the CBD and inner city is around 10% over a decade while those of the outer suburbs went up as high as 20% over the same period.Phnom Penh’s urbanisation continues to expand on the back of the local market’s desire to have landed homes - a demand most apparent in the suburbs developing in the districts of Chroy Changvar, Sen Sok, Por Sen Chey and Meanchey.Interested in properties in these areas? Let us help!How does the Capital Gains Tax work?Cambodia's upcoming Capital Gains Tax is considered one of the most generous in the region. Photo from Khmer Times.Cambodia’s Capital Gains Tax is a flat 20% rate from selling a capital asset. The CGT covers capital gained from selling: Immovable Properties (real estate), Leases, Investment/Financial Assets, Goods (Licenses & Branding), Intellectual Property, and Foreign Currency.As mentioned earlier, the current CGT is an expansion of the tax from businesses to individuals. According to Realestate.com.kh’s overview of Capital Gains Tax, the CGT expands its tax base to Resident Taxpayers and Non-Resident Taxpayers. Persons falling into these categories are obligated to pay their CGT within 3 months of realising their gains.There are currently two methods taxpayers can employ when paying their dues. First is the Actual Expense Deduction Method and the second is the Determination Based Method.The Actual Expense Deduction Method takes the sales total proceeds and subtracts the expenses the seller made to get the Capital Gains Tax to be paid. These deductibles can be the purchase cost, consulting fees, registration tax, commissions, and even advertising. These expenses are taken from the final proceeds and 20% of the difference will be the Capital Gains Tax to be paid. This method is beneficial for property sellers who spend a lot on overhead/operational costs.The Determination Based Method takes 80% of the sales proceeds and subtracts them from the entire sales value. The difference will be the Capital Gains and 20% of it will be the Capital Gains Tax to be paid. This method is highly beneficial for property owners who buy low and are planning to sell high.Under the current version of the CGT, taxpayers are free to choose which method they feel will be a lighter tax obligation for them.Learn more about Capital Gains TaxImplementation of the CGT has been a long time coming and many developing nations have their iterations. The CGT’s base expansion is expected to further add to the General Department of Taxation’s already impressive consistency of exceeding its yearly targets.Looking for property in Cambodia? Let us help!Article by:
Property Sector Ready to Rebound as Cambodia Leads COVID-19 Recovery
Property Sector Ready to Rebound as Cambodia Leads COVID-19 Recovery
June 6, 2022, 5:00 p.m.
Cambodia’s economy has reopened since November 2021, giving it a headstart in the regional race to attract foreign travel and business post-pandemic. Photo from Khmer Times.Cambodia now leads much of the world in its path to recovery from COVID-19. According to the Nikkei COVID-19 Recovery Index, Cambodia jumped from 22nd place in December to 2nd place in January, just behind Taiwan at the number 1 spot.Cambodia’s current success with its pandemic situation is largely attributed to its early management of cases: less than 500 reported cases and 0 deaths in 2020. The Kingdom only saw its first major outbreak in the Feb-20 incident and prompted the government to impose the first major lockdown in the summer of 2021.The Cambodian government has since been relentless in its vaccination efforts mainly backed by Chinese-made vaccines. In August 2021, Mekong Strategic Partners (MSP) released a report that projected Cambodia to reach 80% vaccination by Q3 2021, 8 months ahead of schedule.Aside from the weekly arrival of vaccines into the Kingdom, the MSP highlighted the systematic rollout of vaccination campaigns nationwide and the efforts made by the private sector, especially during the months following the Feb-20 incident.Cambodia’s high vaccination rate has been integral in reinstating confidence in the local economy. Supplied.However, the most essential factor in its pandemic control has been the noticeable low vaccination hesitancy from Cambodians. In addition to seeking out vaccines, a majority of the local population has taken it upon themselves to observe basic quarantine measures such as wearing masks, social distancing and sanitizing regularly.In October 2021, the Cambodian government hinted at reviewing its local quarantine measures as well as its foreign travel requirements. Many observers, including economists and the press, anticipated a step-down or two from the current 14-day requirement. To the surprise of the same onlookers, the government eventually removed quarantine requirements for fully-vaccinated travelers and did away with the pricey $2,000 quarantine deposit in November 2021.The new requirements for foreign travel to Cambodia were made far simpler only requiring proof of vaccination, a negative RT-PCR test 72 hours prior to departure and another negative test upon arrival at the port of entry in the Kingdom.Naturally, a declaration of full reopening was made in November 2021, given the streamlined requirements and gave Cambodia a headstart in the regional race to welcome foreign travelers and business once again.A Market Primed for ReboundCambodia’s banking and financial sector has served as a bulwark for the Kingdom’s economy throughout the pandemic. Supplied.The WorldBank and the Asia Development Bank both forecast a ~5% GDP growth for Cambodia in 2022, mainly attributed to a strong financial sector and the economy reopening in late 2021.Construction and real estate - key drivers of the massive growth in the Kingdom - are similarly seeing signs of recovery in early 2022. In December 2021, the Ministry of Economy and Finance announced almost 4,000 projects, amounting to over $10.35 billion USD were approved in the first 11 months of 2021.Nationwide infrastructure projects have also been ongoing throughout 2020 and 2021. According to the latest update from the Ministry of Public Works and Transport (MPWT), the Phnom Penh-Sihanoukville Expressway is 80% complete as of January 2022 and is expected to open to traffic in March 2023.According to the National Bank of Cambodia (NBC), there is cause for optimism for the construction and real estate sectors in 2022. NBC cites a pick-up in domestic economic activity and investment since the economy reopened in late 2021. The NBC adds that rising domestic revenue and local interest will be the key drivers of the Kingdom’s property sector growth.Looking for property in Cambodia? Let us help!Article by:
Cambodia Real Estate Awards 2022 set for April 7 at Sofitel Phnom Penh
Cambodia Real Estate Awards 2022 set for April 7 at Sofitel Phnom Penh
June 6, 2022, 5:00 p.m.
The Cambodia Real Estate Awards 2022 will be held at the Sofitel Phnom Penh Phokeethra. Supplied.The Cambodia Real Estate Awards 2022 (CREA), organized by Realestate.com.kh in partnership with the Cambodian Valuers and Estate Agents Association (CVEA) and the Real Estate Business Regulator (Under the Ministry of Economy and Finance) is set for this coming April 7, 2022 in the Sofitel Phnom Penh Phokeethra.Since 2018 the annual event has celebrated the very best of the real estate industry’s agents and agencies and awarded their efforts in providing quality products & professional services to Cambodia’s fast-expanding market. This year will be the first year that property developers and developments have been included in the CREA through categories such as Condominium Developer of the Year, Borey (Landed Property) Developer of the Year, Commercial Developer of the Year, and of course, Developer of the Year.“Of course, property developers play a major role in the real estate industry, so it was only natural to add developer categories to the Cambodia Real Estate Awards' ' said Tom O’Sullivan, CEO of Realestate.com.kh. '' Despite the challenging times we faced during the pandemic, the market saw several projects launch over the last two years whilst others reached the handover stage - instilling continued confidence in the market”“We have been overwhelmed by the number of entries this year, with over 30 companies already entered, with more to come. So in terms of the number of entries, this is certainly the most successful real estate awards in Cambodia to date. In addition, we already have over 300 seats booked for the 7th of April and selling fast, so I do encourage anyone looking to sponsor or attend to get in contact as soon as possible as the event will sell out” “As the organizer of the CREA, Realestate.com.kh is looking forward to seeing agents, agencies, property developers and more during the ceremony as a celebration of all the achievements made during some of the hardest times in the industry globally, on April 7 at the Sofitel Phnom Penh Phokeethra” Tom said.The awards are sponsored by Panasonic, Hanuman Beverages, foodpanda, KH Land, LM Car, Lukfook Jewellery, Midea & Toshiba, Sathapana Bank, People & Partners Insurance, Yugo Private Aviation, Bodia Spa and many others. The annual Cambodia Real Estate Awards is considered the premier property awards in Cambodia. And with the excitement building up for the event, interested brands looking to expand their reach are encouraged to secure the last few remaining sponsorship slots for the CREA 2022.Sponsor the Cambodia Real Estate Awards 2021-2022Key ContactsCambodia Real Estate Awards - Sponsorship ContactsName: Jeff Steeves Position: Business Development ManagerEmail: jeff.steeves@realestate.com.kh Phone: +855 (0) 85 250 962 Developers & Development Awards Entry ContactsEnglish & KhmerName: Khiem Darina Stefania (Steff) Position: CREA Developers & DevelopmentEntry Facilitator & REAKH Relationship Manager Email: stefania.khiem@realestate.com.kh Phone: +855 (0) 10 699 333 ChineseName: Taing Muyngy (Muyngy) Position: CREA Developers & Development Entry Facilitator & REAKH Relationship Manager Email: muyngy.taing@realestate.com.khPhone: +855 (0) 10723379Agency Awards Entry Contacts English & KhmerName: Tin Mashington (Ton) Position: CREA Agent Entry Facilitator & REAKH Relationship Manager Email: tin.mashington@realestate.com.khPhone: +855 (0) 81 305 205