While 2021 may not have been the best year for many businesses in the Kingdom, the country’s real estate sector has something to look forward to as the Ministry of Economy and Finance (MEF) recently announced that almost 4,000 projects, amounting to over $10.35 billion USD were approved in the first 11 months of 2021.Of the almost-4,000 project figure, 90% are classified as residential projects. Phnom Penh is Cambodia’s fastest-growing city and was the primary destination of the foreign property investors in the years leading up to 2019.Approved projects total around 12 million square meters comprising residential, commercial, mixed-used, and industrial projects, according to the MEF.It is worth noting that Asia-Pacific residential markets have already started heating up as buyers look to secure property at significantly more attractive prices while they still can. This trend can be seen in how Cambodia’s landed property sector is picking up steam on the back of increasing local demand for affordable and mid-range landed properties.While the MEF did not disclose total projects approved in 2020, the value was estimated at $7.75 billion USD, a 32% decrease from 2019’s figures. Given 2021’s total construction value, this signals the first step in Cambodia’s recovery - making the question of a pre-pandemic flurry another matter of when.Last November 2021, the Cambodian government relaxed travel requirements for foreigners entering the country.  This is off the back of the Kingdom’s high vaccination rates and relatively low number of cases compared to its neighbours. The relaxation of requirements similarly extended to businesses within the country, including bars, discos and KTVs.The ADB and the World Bank projects Cambodia’s economic reopening and simplified travel requirements will contribute to a ~5% GDP growth in 2022.Looking for new developments in Phnom Penh? Let us help!

The extension on Stamp Duty exemption will likely play a role in the increasing competition between landed property developers in Cambodia. Supplied.The exemption on Stamp Duty for properties under $70,000 will be extended, according to his Excellency Phan Phalla, Secretary-of-State of the Ministry of Economy and Finance. The announcement came after a press conference on the economic recovery strategy held last December 14.The Stamp Duty is a 4% tax applied on the transfer of ownership or possession of real estate in the form of a sale, gift, or share transfer.The exemption was initially implemented a year ago in December 2020 as part of the government’s strategy to encourage real estate activity at a time when Cambodia’s return to a semblance of normalcy was still unclear. The 1-year exemption period was made to last until December 2021 but has been extended to December 2023 under Prakas 22267 of the General Department of TaxationCambodia’s construction and real estate sectors have been major contributors to the Kingdom’s fast economic growth. According to a World Bank Report, construction made up one-third of the Kingdom’s GDP leading up to 2019. The Ministry of Land Management, Urban Planning and Construction reported that there were around ~4,300 projects approved, totaling $9.3 billion in 2019.The flurry of activity appears to be returning as over 4,000 projects have been approved in the first 11 months of 2021.The waiving of the Stamp Duty is a part of the government’s continued strategy to foster economic activity by reducing associated costs. In early December 2021, Prime Minister Hun Sun spoke during the inauguration of National Road 11 in the Prey Veng provincial capital and noted that the continued tax exemptions are part of revitalizing the economy after its reopening.“We do not stop at simply reopening,” said the Prime Minister. “We must continue looking out for our people and be ready to address the uncertainty that lies ahead”.Find new developments in Cambodia today

Phnom Penh: On December 25, 2021, Prince Huan Yu Center celebrated Christmas and the completion of the second building project. On the morning of Christmas day, the last part of the project to build the second building of Prince Huan Yu Center was completed. Prince Huan Yu Center held a grand celebration to thank its partners, investors and buyers.Completing a construction project is not an end point, but a new beginning. Prince Huan Yu Real Estate Co., Ltd. promises to focus more on quality assurance products with precision for future customers.Adjacent to Naga III projectThe Prince Huan Yu Center project is located in the Commercial Area (CBD) in Phnom Penh's Chamkarmon district.Not only that, the project is located near the central business area in Boeung Keng Kang 1, around the embassies of 31 countries, such as the Russian Embassy, ​​the Australian Embassy, ​​the South Korean Embassy and the Embassy of Japan. The project is located near major institutions such as the Ministry of Agriculture, the Senate, the Ministry of Interior, the National Assembly and the Ministry of Foreign AffairsIn addition to government institutions, there are many shopping malls and entertainment places such as, Aeon Mall 1, Koh Pich, Riverside, Independence Monument and many other tourist hotspots.High rental rate from 8% to 10%The Prince Huan Yu Center is meticulously constructed with the concept of "luxury living", a world-class 140,000-square-meter multi-storey city ranging from 40-82 square meters of the 5.4 metres storey LOFT - an offering unique across Phnom Penh.“Buy one floor, get two floors” Prince Huan Yu Center offers 31-105 square meters of platinum condos to be built as you desire and even designed to accommodate first-class brands. They come fully equipped, accessible, and more than adequate to meet the different needs of outstanding business people.Prince Huan Yu’s ideal location, supported by a unique and exquisite offering of daily life grants it the potential to have a rental yield of 8% to 10% annually. Given all that makes it popular, Prince Huan Yu’s residential property owners are expected to gain a 15% appreciation on their home investment, on top of an expected high rental yield. There is little-to-no competition in Prince Huan Yu’s status as a much sought-after property in Southeast Asia.Prince Huan Yu Center will complement its residential offerings with 30,000 square meters of commercial space. This will become the first modern art mall in Phnom Penh: the Prince Mall (Phnom Penh). With its flexible architecture and integrated business mix, it will create an international business environment to meet the needs of urban dwellers, high-level executives, business people and the growing middle-class of Phnom Penh - creating a space where many can find something to call home.Building to make a beautiful CambodiaPrince Huan Yu Real Estate Group is a subsidiary of Prince Holding Group. Prince Holding Group is a diversified international investment firm based in Cambodia with a portfolio of businesses around the world. The business scope covers real estate development, commercial real estate operations, high-end hotels, banking and many other capital-intensive sectors and a broad development perspective.As a real estate subsidiary of Prince Holding Group, Prince Real Estate Group adheres to the development concept of "Building a Beautiful Cambodia", laying the foundation for Cambodia, using Phnom Penh and Sihanoukville as strategic bases. With the project of Prince Mall, Samrong Village, Prince Golden Peacock and many other city-leading projects, it has become a leading enterprise in the field of real estate development in Cambodia. In the future, the affiliate will continue to strive to create more and better high-end housing products for home customers and contribute to Cambodia's urban development.Learn more about Prince Huan Yu Center

Beaming with wide smiles, a family watches their children play across the greenery studded plaza. A group of seniors exercise with their fitness instructor, while walkers leisurely stroll along the promenade; enjoying the fresh breeze after a long day of work. These scenes play out each evening in Phnom Penh’s few parks, but as the city continues to grow they are becoming even more scarce.One recent assessment of Phnom Penh published by UNDP found that the public space ratio in Phnom Penh has dropped from 1.1 square metres per person in 2014, to only 0.67 square metres per person in 2020. This statistic puts Phnom Penh well below other cities in the region like Singapore averaging a ratio of 7.04 square metres per person, Seoul with a ratio of 14.66 square metres per person, and Ho Chi Minh City overall, which in 2019 averaged 13.7 square metres per person.Any hopes of reversing this trend must take into account the desires and motivations of property developers. With private developers holding the majority of Phnom Penh's land, it is crucial that these stakeholders be convinced of the benefits of public space not only for the public but for their own financial interest as well. A jewel of Southeast AsiaHistorically, Phnom Penh was known to be a picturesque garden city. So how did it end up in its current state? After the nation’s Independence, Phnom Penh was renowned for its beautiful cityscape which incorporated public parks, riverside promenades, and tree-lined boulevards. This was thanks to carefully crafted public spaces planned and executed, first by French architects, and later by Cambodians who maintained and expanded upon those principles, ensuring that the city remained livable and serviced its inhabitants well.As Phnom Penh expanded, however, rapid growth and disjointed urban planning have meant that public spaces are an increasingly rare feature of urban development projects. As a result, the outer districts sorely lack the public amenities of the older, central districts.In the rush for development, public spaces were neglected causing Phnom Penh to sacrifice significant benefits which public spaces contribute to a city, its inhabitants, businesses, and property developers.Public spaces are a necessity, not a luxuryFor city dwellers, public spaces play a crucial role in childhood health development. According to the Design Council of the UK parks and greenery are crucial because they provide a safe environment for children to play by learning, facilitating more creative and stimulating activities. I myself am a parent raising two children, we live in an outer district of Phnom Penh, and finding public space for my son and daughter to play is practically impossible. The fact that parks ease environmental strain is also well established; reducing the heat island effect, flood mitigation, and reducing air and noise pollution. The knock-on side effects include; reduction of energy cost, dampening financial cost of natural disasters, and decreasing healthcare cost - all of which have been measured to indirectly save a substantial sum.Public spaces also add intangible value to a city's worth and character. They contribute to a city's sense of place ( what designers refer to as “place-making'' ) which determines a city’s uniqueness. In this manner, parks indirectly contribute to a city’s productivity and human development growth by attracting talented individuals to live, study, and work there.There is no doubt that public spaces are indispensable. However, more public spaces will not be possible without the efforts and commitment from property developers. Fortunately, there are irresistible economic advantages for private developers as well.The case for property developersPrevailing beliefs regarding public spaces have left many in the real estate and construction sector reluctant to include these features in their projects. The Cambodian Construction Association, for example, publicly lamented attempts by the government to mandate that green spaces constitute at least 30 percent of the total plot size as wasting valuable development opportunities. This grievance is reflected in action, with many buildings in Phnom Penh ignoring the rule set by the Ministry of Land Management and Urban Planning.However, property developers must recalibrate their strategy, since it is well-established that parks provide direct economic benefits to the private sector by increasing property prices, attracting tourists and local visitors, creating more opportunities for retail, and luring additional financial investment. For instance, Chicago’s Millennium Park which was converted from a derelict rail yard is now an island of greenery. The urban park also boasts outdoor art exhibitions, a music festival venue, a myriad of recreational facilities, and event halls for rent. The city’s investment of 500 million USD has generated 2.6 billion in visitor spending while contributing 1.4 billion USD to nearby properties, by 2014.Other case studies show that cities can reap big benefits, even from smaller, less costly projects. The Gabriel's Wharf project in London, for example, proved that even a modest initial investment of 125,000 USD can generate outsize economic windfall. The former 1,800 square meter warehouse is now home to a mix of shops, a vegetable market, and performance areas. The space is now a magnet of activity; generating revenue for the renter, shop owners, and adding 60 permanent jobs to the neighborhood, while undoubtedly adding to the financial prospects of nearby properties too.It is obvious that public spaces provide a number of direct and indirect benefits to urbanites, the city, businesses and real estate owners. However, Phnom Penh’s scarcity of public spaces means that it is foregoing many of these advantages. So what could be done to alleviate the issue?Weaving parks into space-strapped Phnom PenhAdmittingly, spawning generously sized parks may not be possible for the city’s already cramped districts, but public green spaces can still be woven into its urban fabric through a number of manners. Both local and foreign examples of smaller, temporary parks lead the way in illustrating an unorthodox approach. In contrast to traditional parks, they enjoy advantages in flexibility, good place-making value, and low cost, while retaining the same positive impacts.Phnom Penh already has a commendable example of such a concept put into action; Odom Garden is an oasis of greenery at the heart of the city. Although not as expansive as the parks adjacent to the Independent Monument, Odom Garden’s cozier, well-shaded atmosphere and provision of small shops and an event area, arguably makes for a more exciting place to visit. The garden’s success is the result of temporarily exploiting a yet-to-be initiated construction site, located in the middle of the city. The developers cleverly choose to make a small investment and take advantage of a temporary site, which would otherwise be left vacant and unproductive until constitution begins. Thus other property developers should take note, and implement similar projects on their own vacant properties.In the meantime, Odom Garden provides an unparalleled opportunity for visitors, and is a proof of concept that smaller and temporary parks have a place in Phnom Penh.For larger public space interventions, Phnom Penh’s efforts to transplant its industrial facilities elsewhere inevitably opens up opportunities to conduct brownfield development—redeveloping former industrial zones. The Shanghai Houtan Park provides an inspiring blueprint for a unique and impactful redevelopment. The park restored a portion of the Huangpu riverside, reclaiming that space from a steel mill, a garbage dump and a shipyard. It incorporates pleasant walkways, scenic viewpoints along the River, and nurtures a natural wetland ecosystem. Thus, fulfilling all the programs of a public space, generating unique place-making value while also doubling as a natural water treatment infrastructure—filtering 1,900 cubic metres of polluted water every day.Government policies to incentivize private developersA key part of the government’s response to getting Phnom Penh’s public spaces back on course took shape in Sub-decree No.42 ratified since 2015—which laid out provisions for public spaces in urban areas of Cambodia. Crucially, in order for the real estate sector to act, the municipal authority must attain their cooperation through a combination of stricter enforcement and incentives.The first step is to strictly enforce already codified building laws. With regards to open space, two important ratios codified in building regulations come to mind; OSR or Open Space Ratio and Floor Area Ratio or FAR. FAR determines the total floor area of a project in relation to its plot size. Thus, FAR acts as a restraining component, to prevent a building from becoming too large and too tall, with respect to its land plot. Meanwhile, the OSR requirement ensures that a specified percentage of ground-level space remains open.To ensure that such critical ratios are followed, the Ministry of Land Management and Urban Planning should do more than passively informing design companies, construction contractors and real estate developers. Instead, it should actively engage and advise them of the shared benefits of following such laws and hold technical training seminars to familiarize all relevant parties to the nuances and technicality of the newly adopted law.Promoting awareness followed by stricter enforcement is just half of the strategy, incentives are also needed to keep developers keen and even induce them to compete in producing better public spaces. A proven method that has been implemented in other cities, is to relax restrictive requirements in exchange for adopting additional green space. For example, if a project exceeds the minimum OSR requirement, then they would be eligible to build higher, have more FAR, or be allowed to have less parking space—thus providing builders with more development space.Furthermore, to allay fears that these open spaces will not be accessible to the general public, the OSR rules could be expanded upon, defining that the open space must be accessible to the public.Hence, convincing developers to include public spaces can be realized through a combination of active engagement, strict enforcement, and easing restrictions in exchange for exceeding set criteria.What’s at stake?The value and utility of public spaces to Phnom Penh are indispensable. Therefore it is paramount that city planners and developers alike adopt a new perspective on parks; recognizing their benefits, investigating practical application of unorthodox park ideas - while also formulating, accepting and undertaking policies which are public space-orientated.What is at stake isn’t just opulence and grandeur, but a city that is livable, vibrant and competitive—which is well within our grasp. After all, parks should not be a luxury but a necessity.*This article was written by Aronsakda Ses, a Young Research Fellow from Future Forum.About Future Forum:Future Forum is an independent think tank generating new thinking for a new Cambodia, by nurturing a community of young thinkers, developing positive policy solutions and engendering critical debate.

Group Life Insurance is a type of insurance policy generally offered by employers and organizations to provide life insurance coverage to its employees or members. These days, Group Life Insurance plans have become the standard and preferred form of life insurance protection for many employers and organizations alike. It provides simple financial security and independence to the loved ones of the employee in the event of his/her death or total disability. Depending on the insurer and the plan chosen, other benefits such as critical illness and medical benefits could be attached to the basic plan to provide comprehensive protection. If you are an employer or organization and currently do not offer Group Life Insurance coverage, it should be a part of your complete benefit package to attract and retain talent and to ensure financial protection for your employees.Benefits of Group Life InsuranceEmployers/OrganizationsAffordable PremiumsGenerally, Group Life Insurance is more affordable than individual life policies for a similar amount of coverage as the risk is spread across a greater number of people. Attractive IncentiveAs part of a complete benefit package, it is something that will attract and retain talent as it gives employees a sense of security and a peace of mind which will lead to increased productivity and loyalty. Simple Payment ProcessPremium payments are generally due annually except when there are movements of employees, then additional/refund of premium will be due at that time. Tax-Free BenefitIn Cambodia, if the same coverage is provided to all employees regardless of employment or job classification, the insurance premiums shall not be subject to fringe benefit tax of 20%.Employees/MembersFree or Low-Cost BenefitGroup Life Insurance is usually an incentive provided by employers and organizations as part of a complete benefit package that is typically free of charge to the employee. Customizable PlanEmployees may choose to opt-in for additional or higher coverage in addition to the standard plan provided by the employer or organization. Depending on insurer and plan chosen, spouse and children can also be added to the policy.Free Cover Limit Most Group Life Insurance policies typically include a Free Cover Limit where underwriting is not required if the coverage is below the Free Cover Limit. This leads to a more simplified process and is a reason why it is generally easier to become protected under a group plan.Tax-Free BenefitThe insurance benefit received by the insured or beneficiary as the case may be is tax-free and also leads to a simplified claim process. EligibilityThe acceptance of coverage and the insurance premium amount will depend on a variety of factors including the age, gender, coverage amount, occupation class and health condition of the employee. In addition, as a requirement from the insurer, there will be a minimum number of members required in order to qualify for group coverage. Employers and organizations may also have requirements before allowing employees to participate in the Group Life Insurance plan such as passing a probationary period before being granted coverage. Either way, when searching for a group policy, thoroughly research and compare all of your options to ensure you are getting the best life insurance policy possible.If you are interested in Group Life Insurance and would like to learn more about it, please contact us today!Inquire about Group Insurance today!

Heat up this cold month of December with a hot deal!PARC 21 Residence, a new condominium rising in Chamkarmon, is offering you fully-furnished units with up to a 15% discount!Promotion offer:Full furniture pack and appliancesGuaranteed discount of 8% on all unitsAdditional 5%-7% discount depending on payment term availedFirst 3 buyers get FREE iPhone 13 Max 256GB (upon SPA)*Promotion runs until December 31, 2021. Get an immediate response by contacting FazWaz Cambodia or making an inquiry in the link below.Inquire about PARC 21 ResidenceWhat is the PARC 21 Residence?PARC 21 Residence is a modern condominium rising in Boeung Trabek, Chamkarmon. Its location is popular among locals, expatriates and tourists. It’s a few minutes away from the popular Russian Market and similarly close to AEON Mall 1.PARC 21 Residence is developed by a group of international investors coming from Singapore and Hong Kong. The project recently topped out (Sept 2021) and is on schedule to hand over in June 2022.Learn more about PARC 21 Residence

Realestate.com.kh, The Ministry of Economy and Finance, and Cambodian Valuers & Estate Agents Association proudly present the Cambodia Real Estate Awards 2021-’22. The event, to be held in March of 2022, will honor the year's most exceptional real estate developments and successful initiatives. The awards will be available for all types of real estate agencies, including residential, commercial, or developments, and land developers who show their properties nationwide.For the first time in history, the Cambodia Real Estate Awards have added various categories for property developers. These categories include Developer of the Year, Condominium Developer of the Year, Borey (Landed Property) Developer of the Year, Commercial Developer of the Year, and CSR & Social Impact Developer of the Year.The Cambodia Real Estate Awards is regarded as the premier national award for excellence within the real estate industry. The goal of the night is to recognize and honor this year’s outstanding projects and developments that have elevated the fabric of Cambodian real estate. It aims to recognize the achievements of the industry objectively and without bias, which grants all firms and individuals an opportunity to participate regardless of the size or wealth of their operation.Industry experts and leaders are responsible for identifying the top three winners across all categories. These judges will select an overall winner based on exponential business growth, along with overall significant development and success.Grand prize winners receive:a gorgeously designed trophy that boasts magnificent designs inspired by Cambodian cultural architecture. the prestigious Cambodia Real Estate Awards seal which can be used for their future ventures in marketing after the event a framed certificate confirming their achievement will be bestowed upon them. Mentioning that you have won this award on your realestate.com.kh profile will assist in gaining the trust of future potential clients.The judging process will be monitored with diligence by established auditing firms to ensure the integrity of the award. Judges will be required to submit their credentials for an evaluation of independence from related corporations. The judges will adhere to a code of professional conduct outlined by the organizations.Entries for the Cambodia Real Estate Awards are now officially open! If you are interested in entering the awards or becoming a sponsor of the Awards, please click on the link to the official website below, or find contact information below.Enter the Cambodia Real Estate Awards 2021-2022Key ContactsDevelopers & Development Awards Entry ContactsEnglish & Khmer: Name: Khiem Darina Stefania (Steff) Position: CREA Developers & DevelopmentEntry Facilitator & REAKH Relationship Manager Email: stefania.khiem@realestate.com.kh Phone: +855 (0) 10 699 333 Chinese: Name: Taing Muyngy (Muyngy) Position: CREA Developers & Development Entry Facilitator & REAKH Relationship Manager Email: muyngy.taing@realestate.com.khPhone: +855 (0) 10723379 Agency Awards Entry Contacts English & Khmer: Name: Tin Mashington (Ton) Position: CREA Agent Entry Facilitator & REAKH Relationship Manager Email: ton.mashington@realestate.com.khPhone: +855 (0) 81 305 205 Chinese: Name: Taing Muyngy (Muyngy) Position: CREA Agent Entry Facilitator & REAKH Relationship Manager Email: muyngy.taing@realestate.com.khPhone: +855 (0) 10723379 Cambodia Real Estate Awards - Sponsorship Contacts Name: Jeff Steeves Position: Business Development ManagerEmail: jeff.steeves@realestate.com.kh Phone: +855 (0) 85 250 962Enter the Cambodia Real Estate Awards 2021-2022

Observers project a ~5% GDP growth for Cambodia in 2022. Photo from Khmer Times.Knight Frank, a global real estate consultancy firm, recently came out with their Asia-Pacific Outlook Report 2022 and shared their outlook on shifts and trends likely to come out of COVID-19.Residential market heats up, affected by work-from-homeMuch like in Cambodia, the rest of the region shares affordability concerns. However, Knight Frank’s report notes that fear of missing out continues to drive mainstream prices up. Out of the 24 cities in Asia Pacific tracked, 18 saw prices grow, half of which recorded double-digit increases since the start of the pandemic.The report adds that construction delays across APAC resulted in record-low interest rates and lack of available supply, sustaining a bull run of prices across the region. Knight Frank projects residential prices across the region grow approximately 3-5% in 2022.Knight Frank included findings from their Global Buyer Survey 2021 and highlighted the importance of work-from-home, health and well-being as top factors for residential buyers in the region.When it comes to property features, APAC respondents put Access to High-Speed Broadband on top of their list, followed by Home Study/Office and Availability of Outdoor Space. Similarly, in terms of location, surveyed respondents put Air Quality on top, followed by Proximity to Green Spaces and Access to Healthcare Facilities.“Residential markets across the Asia-Pacific region could continue to strengthen in 2022 as the region starts to recover in the endemic phase. With more quarantine-free travel lanes reopening, foreign buyers could return to key gateway markets sooner than expected. Now is the best time for domestic buyers to pick up their dream homes in view of the potential policy interventions that could hamper purchasing prospects in 2022.” said Victoria Garret, Head of Residential, Knight Frank Asia-Pacific.Tech firms to drive office leasing sectorKnight Frank’s APAC report cites the tech sector as the pillar of office space leasing in a time of work-from-home. The report explains that the period of restricted movement and social isolation has only increased the demand for more digital services and integrations.The report concedes that although the level of new supply remains manageable across the region, vacancies are still expected to rise from the current 13-14% to 14-16%. Knight Frank expects tech companies to continue driving leasing activity in the meantime.With much of the region swinging towards a tenants’ market - including office spaces in Phnom Penh - the report advises current occupiers to capitalize on the current window to secure better lease terms or re-evaluate requirements in supply heavy markets before the recovery gains further traction.What does this mean for Cambodia?Realestate.com.kh reached out to Ross Wheble, Country Head of Knight Frank Cambodia, to contextualize regional trends in the Kingdom. “For the residential sector, we will see a two-tiered market with landed housing continuing to outperform the condominium sector, which is expected to see minimal price growth in 2022,” he said. Despite the shift in landscape, foreign investors are still considering Cambodia as an investment destination.“We generally see three key factors that attract investors to Cambodia: the ease of ownership for foreign investors, being able to own freehold title; the dollarised economy which makes it attractive as a currency hedge; the expected capital appreciation over the medium term as a developing frontier market with one of the fastest-growing economies in the world,” explained Ross.Cambodia’s office spaces have similarly seen growth in the past few years. “Current supply stands at approximately 573,472 sq m with an average occupancy rate of 72%,” said Ross “However, supply will more than double over the next four years placing pressure on both occupancy and rents.”He reveals that occupancy for office spaces in Cambodia is driven by the FIREB sector (Finance, Insurance, Real Estate and Business Services). “But we are also seeing more demand from Fintech and other tech companies,” he noted.On the topic of hybrid workspaces, Ross says, “Whilst some companies will adopt a hybrid workplace strategy the challenges of multi-generational living, as well as Cambodia's IT infrastructure, will likely see most companies resuming full office-based working.”Knight Frank’s Asia-Pacific Outlook Report 2022 forecasts Cambodia’s GDP to grow by ~5% in 2022. The ADB and the World Bank projects similar growth given Cambodia’s economic reopening through simplified travel requirements and its highly vaccinated population.Looking for property investments in Cambodia? Let us help!Article by:

Lawrence Lennon, MRICS, is the new Managing Director of CBRE Cambodia and will tackle alternative segments coming into 2022. Photo from CBRE Cambodia.Phnom Penh, Cambodia - CBRE appointed Lawrence Lennon as its new Managing Director. He will be taking over the position from James Hodge, having been in CBRE’s Cambodia office since 2016. James Hodge is reportedly returning to the United Kingdom early next yearLawrence is a member of the Royal Institution of Chartered Surveyors (RICS) and has worked in real estate investments in the United Kingdom, Mongolia, Myanmar and Vietnam. Lawrence Lennon joined CBRE in 2021 as its Associate Director overseeing its Professional Service Teams and leading major consultancy and valuation projects for both Cambodian and international organisations.In a press conference last December 9, Lennon thanked Mr. Hodge for the work he has done over the years and will continue to improve and expand CBRE’s services coming into 2022.Kinkesa Kim, known for leading CBRE's Research and Consultancy, was recently appointed as one of its new Associate Directors. Photo from CBRE Cambodia.In addition, Kinkesa Kim, previously one of the firm’s Senior Managers, has been appointed as its new Associate Director for Research and Consultancy. Kinkesa has an extensive background in market research and the provision of valuable consulting advice developed from her years of working within the Kingdom’s growing market.CBRE’s Lawrence Lennon, in a press release, highlighted that he is already working on tackling alternative segments in 2022. As its new Managing Director, Lennon is taking a look at manufacturing, agriculture, logistics, e-commerce, fintech, and energy.Lennon sees manufacturing as a center point of Cambodia’s development. “The opportunity in Cambodia’s manufacturing stems from it being able to leapfrog thanks to modern technology being readily available.” He notes that further infrastructure development and crafting practical policy frameworks will be vital in realizing Cambodia’s potential.He adds, “We are looking forward to seeing how the market can make further improvements in areas such as urban planning and ESG (Environmental, Social, & Governance) practices - both becoming important points of discussion as the country continues to rapidly urbanise,” said Lennon.Part of his plans also highlights increasing regional connectivity with CBRE’s neighbouring counterparts to leverage their expertise and resources to provide better advice and services to their clients.“I am very proud to take on this role at a turning point in the country’s progress in the pandemic. Despite the short-term challenges, we at CBRE are cautiously optimistic, and look forward to helping our clients navigate a rapidly developing market,” said Lawrence Lennon, Managing Director of CBRE Cambodia.Looking for property investments in Cambodia? Let us help!Article by:

Need a quick run-through of the most popular projects in Cambodia today?Realestate.com.kh, the country’s largest real estate classifieds portal, is visited by several hundred thousand users every month all searching for condominiums, shophouses, linked houses, and villas for sale/rent in Cambodia.New developments, in particular, are a key interest among local and international buyers. To help get you started, we’ve listed the most-visited projects on Realestate.com.kh this month!Phnom Penh Galaxy GardenLocated in the fast-urbanizing location of Sen Sok, Phnom Penh, this development offers a mid-range investment opportunity to local and international investors.Phnom Penh Galaxy Garden offers urban amenities such as; skyline views of Phnom Penh City, sky deck & glass skywalk, swimming pool, fitness center, spacious parking lots, 24-hour security services, lobby services, and housekeeping.Developed by the well-experienced, Shanghai-based JINGDI group, this world-class development is a stone's throw away from AEON MALL 2, Cambodia’s largest shopping center, and around the corner from MAKRO Supermarket.Learn more about Phnom Penh Galaxy GardenWorldBridge Sport VillageWorldBridge Sport Village is set to be Cambodia’s first-ever all-in-one sporting and residential development. Located in the fast-growing area of Chroy Changvar, and just 20 minutes away from the Central Business District of Phnom Penh, WorldBridge Sport Village is filling a gap in the market that nobody knew was there!Chroy Changvar is a hotbed of property developments, ranging from high-rise condos in the south to sprawling Borey developments towards the north. As a developing outer district of Phnom Penh, Chroy Changvar has been receiving a lot of interest from the growing suburban living trend in Cambodia. WorldBridge Sport Village is full of potential and offers great investment opportunities to small business owners and retail outlets alike.Learn more about WorldBridge Sport VillagePARC 21 ResidencePARC 21 Residence is a Singaporean-led project that has been a popular residential and investment choice for both Cambodian and foreign investors. Due to its prime location and amenities, Parc 21 Residence is expected to yield high rental returns with minimum risk.It’s also worth noting that this development has been constructed in an area that is earmarked for massive urbanization and development in the next 10 years, and it’s not hard to see why! Surrounding areas include attractions such as AEON Mall 1 and the Russian market, while still being close to central districts like 7 Makara, BKK1, and Daun Penh.Learn more about PARC 21 ResidenceM ResidenceM Residence is a new addition to Realestate.com.kh’s list of most visited projects!Located in BKK1, it’s quite hard to miss why this project can get traction in so little time. Its location allows it easy access to all the things that make BKK1 popular with its wide selection of shops, restaurants, bars, cafes, schools, office buildings, and everything in between.M Residence’s units also offer an ideal residence, whether long or short, for those looking to stay in Phnom Penh’s most culturally diverse district. M Residence mirrors its surroundings by delivering a complete living experience with its neatly decorated design and facilities such as a gym and swimming pool.Learn more about M ResidenceLe Condé BKK1Cities are the perfect testing ground for new residential technology and Cambodia definitely has its fair share. Le Condé BKK1 leads the pack as the premier choice for smart living and matches that with green space all within its spacious halls.Le Condé BKK1 is located in the district’s south-central area surrounded by a myriad of shops, cafes and restaurants that make this area popular among expatriates and the local middle-upper class.Le Condé BKK1 provides many classy amenities and facility services to support the tranquility and quality living of the resident including a spacious lobby, an infinite swimming pool, a spectacular view of Phnom Penh Skyline, a sky bar, a gymnastic room, a yoga room, conference rooms on the 32nd floor, a reading space, a jogging track, a spacious sky garden, concierge services, room services, and parking lots.Learn more about Le Condé BKK1

Cambodian and Thai authorities are looking to reopen several land border points between the two countries. According to a report by the Khmer Times, 4 permanent border crossing checkpoints can be reopened by December 16, specifically, the points in Ban Khlong Luek Poipet and Ban Khao Din-Ban KM13, and the cross-border trade points Ban Nong Prue-Malai and Ban Ta Phraya-Ban Bueng Ta Kuan.The Ban Klong Luk Border in Poipet is one of the most used crossings for both people and goods traveling between the two countries.The border reopenings come from a decision made by both Cambodian and Thai authorities last Nov 25, 2021.Why were the land borders closed?Land borders were closed between Cambodia and Thailand due to pandemic fears. A considerable number of tourists and workers pass through the border checkpoints every day, especially in Poipet, and border closures were implemented to reduce instances of imported cases.Preparing for an economic reboundPrior to the pandemic in 2019, Cambodia received over 460,000 Thai tourists - a 20% increase from 380,000 Thais who visited in the previous year. Thailand was the 3rd largest contributor of international tourists in Cambodia, right behind Vietnam and China.Borders reopening also allows more tourists to enter either country and contribute to the revitalization of both nations’ ailing tourist economies.Earlier in November 2021, the Cambodian Embassy in Thailand released a report citing an increase in bilateral trade between the two countries. The report observed an increase of 18% in the first nine months of this year compared to the previous year. Bilateral trade between the two neighbours is valued at nearly $6 billion dollars in the first 3 quarters of 2021.Looking for property for sale/rent in Cambodia? Let us help!Article by:

The PARC 21 ResidenceOFFER:Discount 8% on all unitsFully-furnished units, including electric appliancesAdditional discount of 5% depending on payment optionFirst 3 buyers get FREE iPhone 13 Max 256GB (upon SPA*)PARC 21 Residence is a 21-storey building with a total of 132 residential units with a balcony. Located in Boeung Trabek, Chamkarmon, the project is one of the newest developments in an area already popular with locals, expatriates, and tourists for its many shops and restaurants. Its surrounding vicinity is a mix of central business districts and areas earmarked for massive development in the next 10 years.Inquire about PARC 21 ResidenceWorldBridge Sport VillageOFFER:Get $1000 off your booking fee!Get a discount of up to $7,000 on selected property typesPay 0% interest on all down payments for 60 months The WorldBridge Sport Village (WBSV) is one of the most anticipated projects soon coming to Cambodia. Located in Chroy Changvar, it will be the first-ever sports village in the Kingdom and is the designated host of the upcoming SEA Games 2023 and ASEAN Para Games 2023.The project’s most iconic landmark is the directly adjacent 60,000-seater Morodok Techo National Stadium, specifically built for the upcoming regional games and other future events in Cambodia.Inquire about WorldBridge Sport VillageThe Peninsula Private ResidencesOFFER:Discount up to 15% on fully furnished unitsThe Peninsula Private Residence is a multi-awarded project having won the Best Interior Design and Best Architectural Design awards during the 2019 Cambodia Asia Property Awards. This project boasts a unique blend of a private residence, varied facilities, and hospitality-inspired services. The Peninsula Private Residences is the project believed to have put Chroy Changvar on the map of both local and international property seekers in Cambodia.Inquire about The Peninsula Private ResidencesOlympia CityOFFER:Special price $88,888 ONLY (only 2 units available)Discount up to 40% (for other units)The Olympia City is arguably one of the most centrally located projects in downtown Phnom Penh. It is a completed mixed-use development in 7 Makara district with high-rise residential towers supported by purpose-built a shopping mall (The Olympia Mall) and a myriad of local businesses in its surrounding area.Inquire about Olympia CityVue AstonOFFER:Special price for selected units, starting from $97,260 (One Bedroom - 56.4sqm gross area)FREE furniture and electrical appliances packageFREE iPhone 13Pro 128 GB for 30% down paymentThe Vue Aston sits at a waterfront scenery and certainly delivers on a residence built around it. The project pursues high-quality living and satisfies the increasingly sophisticated taste of Cambodian buyers. Vue Aston is already being touted as a choice for urban elites looking to live a luxury lifestyle outside the hustle and bustle of the city center.The Vue Aston is being built close to the upcoming bridge connecting Nirouth, Chbar Ampov and Koh Pich (Diamond Island). It is also adjacent to the upcoming satellite city in Nirouth developed by the Overseas Cambodia Investment Corporation (OCIC) to the tune of US $2.5 billionInquire about Vue AstonMorgan EnMaisonOFFER:River View Units, starting from $660/month, up to 15 years installmentsDiscounts up to $1,888FREE TV, Washing Machine or Refrigerator when signing SPAPay 20% down payment and receive an iPhone 12Morgan EnMaison, which is located on Mekong River Road in Phnom Penh’s Chroy Changvar district, is set to be a riverfront landmark by the Morganford Investment (Cambodia) Co., Ltd. There will even be a private helipad on the 220-metre high rooftop. Morgan EnMaison treats its residents with a multi-level luxury sky club that will give a unique appeal to the skyline. The development also boasts a private yacht marina, one of the few found in Phnom Penh.Inquire about Morgan EnMaison

Cambodia is expected to see a rebound of ~5% according to Knight Frank’s APAC 2022 Outlook Report. Photo from Khmer Times.Cambodia’s reopening has been well underway since October-November 2021. Multiple sectors, especially real estate, are already positioning themselves for the Kingdom’s economic rebound. In late November, Realestate.com.kh reported property developers are looking at price increases over the next 12 months. This begs the question: “Is now a good time to buy before property prices rise?”“Over the past six months, condominium prices in all positions: Affordable, Mid-range, and High-end, have corrected downward by an average of -4.6%. Mid-range and High-end experienced the greatest correction, partly due to developers having marginally more room for price adjustment compared to Affordable,” said Lawrence Lennon, the newly-appointed Managing Director of CBRE Cambodia, an international real estate service provider.Lawrence reminds us of the importance of assessing investments on a case-by-case basis despite the expected growth, saying “Consider a range of factors such as location, project positioning, developer profile, construction quality, unit density, age, price, etc. Put simply, do your homework before acquiring any property.”Ross Wheble, Country Head of Knight Frank Cambodia, a global real estate consultancy, similarly recommends foreign buyers observe the market before making decisions.“Whilst we are certainly bullish for 2020 and expecting a strong rebound in the economy in 2022,” said Ross. “We would recommend still holding off over the short-term as uncertainty remains over global travel restrictions which will impact on foreign investors traveling to Cambodia. With the available stock in the market, we do not foresee price increases over the short-term.”Construction around Phnom Penh has resumed with some projects running 24 hours. Photo from Khmer Times.Prior to COVID-19, Phnom Penh became a hub for investors as many of the new developments in Cambodia are found in the capital city. The pandemic, however, upended the boom and left many developers shifting strategies. But as with any door that closes, another opens.“This is very much dependent on an individual investor's investment strategy, asset type, timeframe, and risk appetite” cautioned Ross, “But we are certainly seeing a lot more activity in the coastal provinces of Kampot and Kep, which will benefit from the investment into the area in preparation for the Southeast Asian games in 2023”Ross highlights that while other areas are seeing promising developments, Phnom Penh will always have opportunities across all sectors given it’s the capital city and the economic hub of Cambodia.“We are now seeing notably higher demand from Cambodian tenants for condominium rentals. We believe there is now a level of support in the rental market at between (US) $300 to $400 per month for one-bedroom units catering to many domestic occupiers,” he said. Ross notes that ASEAN-Expatriates are also contributing to this market demand.Cambodia recently reopened commercial flights from neighbouring countries such as Thailand, Malaysia, and the Philippines following new travel rules for foreigners issued in November 2021.“Where condominium prices go over the next 12 months will heavily depend on overseas buyers' ability to purchase and travel,” said CBRE’s Lawrence Lennon. “Conversely, Q3 '21 witnessed more positive activity in the landed property market, with most sub-categories correcting upward on average price by 11% during Q2 & Q3 - a reflection of Cambodian buyer's preference for landed property over more high-rise formats, though a trend bolstered by the high number of new launches.”“If an investor is looking at Phnom Penh, land prices coming at around US $30 per sqm at the outskirts of the city are definitely worth checking,” said Malay Nop, Branch Manager for IPS Cambodia, a premier real estate agency servicing expatriates and Khmer buyers. She adds that work on national roads across the country is driving prices up. “Land close to the National Road 4 also offers high potential returns, especially around Kampong Speu which can be had for US $5 to $10 per sqm.”“The old adage of 'location, location, location' still holds true but so does 'price, price, price'.” said Ross. “With support in the rental markets at circa $400 per month, there are still opportunities in the condominium sector to generate net returns of 7% but the projects need to be well-located and at a competitive price.”IPS’ Malay Nop agrees, “There are a lot of opportunities now that Cambodia has largely reopened. It’s advisable, especially for new investors, to consult real estate professionals before making decisions”.Looking for property investments in Cambodia? Let us help!Article by:

Phnom Penh’s skyline continued to see new additions to its skyline despite the looming threat of COVID-19. In 2021, projects like the Peninsula Private Residences, PARC 21 Residences, The Peak, R&F City, L’attrait Boeung Keng Kang, and Picasso Sky Garden, are a few of the new developments in different stages of topping out and hand over.The fast and loose construction practices seen no more than 2 years ago seem to have dissipated after the implementation of the comprehensive Construction Law. But the lack of major accidents has not been a sign the government has stopped modernizing its construction practices.In late 2021, the Ministry of Land Management, Urban Planning and Construction (MLMUPC) announced the “Procedures for Supervising and Confirming Architectural Design Plans and Construction Assemblies”, requiring project owners/developers to submit their design (along with already established requirements) for approval from the MLMUPC and/or the capital/provincial administration before being granted a construction permit.New documentation requiredDesign plan: Refers to technical documents for construction work, including architectural plans, building assembly plans or plans and other technical instructions for construction or dismantling and construction use.Project review and certification: refers to the inspection, analysis, verification and certification of compliance with construction technical regulations and other applicable regulations of the design project, calculation of technical instructions for new construction work, repair work, remodeling work, demolition work or change of construction use function as a basis for the competent authority or competent official to provide construction permit, repair permit, dismantling permit, construction permit and new construction use certificate.Necessary documents for applying for a building permitPursuant to Article 9 of the Sub-Decree on Construction Permits, in order to be able to apply for a permit, the property owner must attach the following documents: Certificate of ownership of immovable property or certificate of right to use immovable property or temporary title deedLand title deed and building location plan in the lotArchitectural Engineering Design and ProjectApplicant's Cambodian Identity CardApplication for a construction permit with the signatures of the landlord and the developer. (All construction permit application forms must be made in Khmer and articles in English and French can be attached to the letter of application).According to the "Construction Law", Article 54 clearly states that the competent authority must take action to stop the construction or dismantling work without a permit in case the construction or dismantling requires a permit.In particular, in Sub-Decree No. 224 dated December 30, 2020 on the construction permit, it is stated that all the beginning of the construction process of new construction, modification work, installation work and dismantling work, etc. must have a permit to open the site. Construction first.After receiving the construction permit, the construction owner must apply for another construction permit from the General Department of Construction or from the Board of Governors of the Capital, Province, Municipality, District and Khan according to the size of the construction area. When applying for a permit to open a construction site for construction work, the construction owner must attach the following documents:Construction permitConstruction component design projectGeological study documentsHandbook of construction workConstruction contractOther technical documents for construction workDocuments confirming the signing of the insurance contract, the responsibility for the construction site with the insurance company.Please also note that at the end of the construction work, the construction owner must apply for a permit to close another construction site from the competent authority.Looking for new developments in Cambodia? Let us help!

Real estate markets often bounce back after external shocks either pass or become more manageable. Supplied.Property developers are looking to gradually increase prices in the next 12 months following the country’s economic reopening. This is off the back of the recent easing of measures in October followed by more practical requirements in mid-November - a move welcomed by multiple sectors and made Cambodia a leader in regional reopenings.Realestate.com.kh, the Kingdom’s largest property classifieds portal, reached out to several property developers to gauge their response to Cambodia’s reopening and potential price increases in 2022.“I think that most developers will raise the price when the restriction is eased,” said Wayne Wang, Co-Founder of LumiArch Global, one of the companies behind Le Condé BKK1. “Several developers have already made plans and carefully discussed when they should raise the price,” Wayne noted that though developers are looking to increase prices, they will not be raising them in the short term.“15% to 20% would be what most developers will do, I believe. Any lower than 10% barely alleviates the pressure developers have been experiencing. On the other hand, too much of an increase would slow down sales and reduce the project’s competitiveness” he said.“The price increase is expected,” said Ethan Liu, Deputy Director of Marketing for Vue Aston, a new waterfront development in Chbar Ampov. “Phnom Penh is a fast-developing area attractive for foreign investors. The larger market is already rising, and some developers will adjust the falling prices back to pre-pandemic values.”“We are confident that the average increase will be more than 7%. It will even be much easier for projects who have adapted to local needs to attract foreign investors,” said Ethan. The PARC 21 Residence is one of the projects expected to raise prices as it recently topped out and is on schedule to hand over in mid-2022. Supplied.Developers had to adjust their sales and marketing strategies to meet local preferences for the past 2 years. This was a challenge to many developers who had foreign buyers in mind when they entered the market.Wayne Wang notes that besides international customers being unreachable, there are two other reasons for price drops, “One is that developers are also in tight competition from each other to attract more local Khmer buyers. The most common way of marketing to locals has been to give generous discounts, therefore causing the price of the properties to go down. At the same time, some projects who are approaching handover, also deployed strategies like dropping the price intending to lead to more sales.”Riya Kim, Planning Assistant for La Vista One, a new development in Chroy Changvar, offers a more grounded view, “Housing prices saw a downward trend because most of the local market also had financial and income problems during the pandemic. Most consumers did not want to spend outside of basic necessities.”Real estate markets often bounce back after external shocks either pass or become more manageable. How COVID-19 has been managed in Cambodia has allowed much of its economy to breathe after almost 2 years under a pandemic.“Easing restrictions and re-opening is one thing, but bringing confidence back to the market is another,” Wayne notes. “There are other factors like the price of the air tickets, whether it is really safe to travel, etc.”. While property developers may be looking to increase prices, they are looking to do so gradually as the market regains its footing under Cambodia’s new quarantine regime.Looking for property in Cambodia? Let us help!Article by:

Did you know this spacious bedroom with a riverside view comes for less than $1,500 per square metre in Phnom Penh? Supplied.Cambodia’s property market has seen a surge of interest in the past half-decade. Global pandemics aside, the surge stems from the sector’s promise, made evident by half a year of consistent growth and relatively lower prices compared to its neighbours.Realestate.com.kh, Cambodia’s largest property classifieds portal, has over 30,000 (and growing) property listings across the country. In an effort to connect buyers with the right property, we compiled a list of the top projects with asking prices under $1,500 per square metre:WorldBridge Sport VillagePRICE: $1,183 per square metreCOMPLETION: 2023The WorldBridge Sport Village (WBSV) is a massive development coming soon to Chroy Changvar. Developed by WorldBridge Group, this new project is set to become the first sports village in Cambodia and will be inaugurated through hosting the SEA Games 2023 and ASEAN Para Games 2023. Its most iconic landmark is the Morodok Techo Stadium directly adjacent to it and will serve as the chief venue for upcoming international events!WBSV is a mixed-use development featuring high-rise condominiums, landed residential, and commercial areas. It is considered the most anticipated project in Chroy Changvar coming in 2023.Inquire about WorldBridge Sport VillageThe Bliss ResidencePRICE: $1,469 per square metreCOMPLETION: Completed in 2020The Bliss Residence is an affordable and high-quality residential building in Chroy Changvar. Its residential units come fully furnished with the essentials of a comfortable living. It comes with a spacious balcony overlooking the mighty Mekong river and allows residents to enjoy the cool river breeze only found in Chroy Changvar.Inquire about The Bliss ResidenceMekong View Tower 6PRICE: $1,290 per square metreCOMPLETION: Completed in 2020Its location is arguably chief in what makes the Mekong View Tower 6 such a fine choice within the mid-tier market. The Chroy Changvar district has long been the subject of much speculation within Phnom Penh’s property market. Now that developers have taken a keen interest in the area, retail stores, schools, restaurants, and even government agencies are starting to set up shops in the district.Residents in the Mekong View Tower 6 are sure to find something worthwhile outside their comfortable homes.Inquire about Mekong View Tower 6City GemPRICE: $1,196 per square metreCOMPLETION: 2023CITY GEM is an affordable housing development project that targets local buyers. This condominium is designed and built to meet international standards and suit residents who seek a moderate living lifestyle.CITY GEM Condominium is located in the Sen Sok district, Phnom Penh which is a new real estate development location comprising residential and commercial development.Inquire about City GemResidence L Boeung TompungPRICE: $1,504 per square metreCOMPLETION: Completed in 2021Residence L Boeung Tompun is located in Phnom Penh’s Meanchey District which is one of Phnom Penh’s property development districts experienced in the growth of infrastructure, commercial, and residential development.To support the comfortable living of the residents at Residence L Boeung Tompun, the developer will also provide the amenities and facilities including a swimming pool, gym, jacuzzi, sauna, garden, common space, elevator, internet, TV cable, alarm system, video security, fire alarm, fire sprinklers, and backup generator.Inquire about Residence L Boeung TompunResidence H Sen SokPRICE: $1,123 per square metreCOMPLETION: 2024The Residence H is a condominium project with 28 storeys launched by Residence H Cambodia with the concept of graceful living. The building is set to be a glaring building in the middle heart of Phnom Penh.The Residence H is located in Sen Sok district, and is seeing massive residential and commercial developments. Residence H is interestingly alongside hassle-free rides to Cambodia Airport and all major commercial and business areas.Inquire about Residence H Sen SokArakawa ResidencePRICE: $1,326 per square metreCOMPLETION: 2022Known for its famous category as affordable housing, Arakawa Residence is ideal for limited budget buyers who are looking for ownership in a house that is located in the centre of the city. From the bottom to the top, Arakawa Residence is carefully crafted to ensure you have your dream home. Located in Sen Sok District, this development is great no matter if you are purchasing to reside or to invest back.Inquire about Arakawa ResidenceGreen Leaf ResidencePRICE: $1,178 per square metreCOMPLETION: 2022Green Leaf Residence is a new and exciting apartment project in Phnom Penh. As Purple City Real Estate’s maiden investment here in Cambodia, the developer promises to bring ‘Affordable & Quality Apartment Living’ straight to local clientele.Inquire about Green Leaf ResidenceThe Seven ResidencePRICE: $1,384 per square metreCOMPLETION: 2021The Seven Residence is offering a sleek space in a 27 storey building. Each unit offers plenty of amenities and facilities that you need for a comfortable life in the city. Units span from 51 square metres to 70 square metres. The unit is a blank canvas that you can outfit and customize to your heart’s content.Inquire about The Seven Residence Condominium

Join the Cambodia Real Estate Awards and be a part of one of the most prestigious real estate events of the year. With leading real estate professionals and developers in attendance, sponsors of our events are afforded the opportunity of engaging and networking with participants who invest billions of dollars in their businesses, developments and projects annually, and are continuously looking for new contracts, suppliers and related services.Sponsor the Cambodia Real Estate Awards 2021-2022By sponsoring the Cambodia Real Estate Awards (CREA) companies will have their brand and name directly linked to this prestigious event. The mission of the CREA is to recognize the achievements of the Cambodian real estate industry objectively, without bias or undue influence and on a wholly inclusive basis. With limited sponsorship opportunities available, brands are proud to be associated with CREA.The awards will be available for real estate agencies, valuation firms, property management companies, developers and developments, nationwide. This will give recognition to your company in the real estate sector as it becomes a recognized brand among leading industry professionals.By directly associating your brand with this prestigious event you can benefit from our reach through our extensive pre and post-event advertising campaigns across multiple mediums. During the gala dinner brands will also benefit from logo and display exposure. There will also be a major digital component where the gala dinner will be broadcast across national television, streamed premier-live on The Cambodia Real Estate Awards Facebook page as well as core-partner Facebook pages including; realestate.com.kh, B2B Cambodia, Freshnews & more.If you are interested in entering the awards or becoming a sponsor of the Awards, please click on the link to the official website below, or find contact information below. Sponsor the Cambodia Real Estate Awards 2021-2022Key ContactsCambodia Real Estate Awards - Sponsorship Contacts:Name: Jeff Steeves Position: Business Development ManagerEmail: jeff.steeves@realestate.com.kh Phone: +855 (0) 85 250 962Developers & Development Awards Entry Contacts:English & Khmer: Name: Khiem Darina Stefania (Steff) Position: CREA Developers & DevelopmentEntry Facilitator & REAKH Relationship Manager Email: stefania.khiem@realestate.com.kh Phone: +855 (0) 10 699 333Chinese: Name: 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 & Khmer: Name: Tin Mashington (Ton) Position: CREA Agent Entry Facilitator & REAKH Relationship Manager Email: ton.mashington@realestate.com.khPhone: +855 (0) 81 305 205Chinese: Name: Taing Muyngy (Muyngy) Position: CREA Agent Entry Facilitator & REAKH Relationship Manager Email: muyngy.taing@realestate.com.khPhone: +855 (0) 10723379

Cambodia is home to a population that’s increasingly becoming more involved in its property market. As a result, many local and international agents have sprung up to help property owners and seekers alike in connecting with one another.In an effort to encourage activity, Realestate.com.kh has partnered with the Kingdom’s most reputable agents and built an Agent Directory, complete with their logo, description, and listings for the benefit of property owners and seekers!Realestate.com.kh recently updated its Agent Directory and is now calling all agents - both new and old - to update their agency descriptions, listings, and photos.Cambodia Real Estate Agents DirectoryMost important things to update for agents:Update agency logoUpdate agency description, highlight any awards wonUpdate agency photos (if any)Update registered listingsUpdate agent rosterRealestate.com.kh endeavours to foster increased trust between agents and property seekers & owners by creating an easy-to-navigate directory. If you are an agent listed and have properties on Realestate.com.kh, this is your chance to create a professional profile of your services today!Looking to list your property? Let us know!

BLACK FRIDAY SALE ALERT!What: Black Friday Sale - WorldBridge Sport VillageWhen: November 26, 2021 @ 12:00pm - 6:00pmWhere: WBSV Showroom & 3A Lobby, The BridgeThe WorldBridge Sport Village (WBSV) will be hosting a BLACK FRIDAY SALE this coming Friday in The Bridge Mall. Limited-time discounts will be available along with freebies and the chance to learn more about residential and investment opportunities in and around the WorldBridge Sport Village.Register for Black Friday SaleGoogle Map for Black Friday Sale:What to expect from Black Friday Sale:Exclusive discounts up to $7,000 for Black Friday Sale buyersNewly completed showrooms for 2 and 3-bedroom unitsTake a crack at Golden egg prizes to win home appliancesTalk with agents & developers and get to know the project betterAll interested buyers are encouraged to register by clicking the button below!Register for Black Friday Sale

Given the growth of Cambodia’s economy, the rise in income has contributed to a thriving real estate market. This has led to many Cambodians purchasing homes and property for the first time. But taking out a loan for a home or property is a major financial commitment in life for many. Depending on the type of loan, you may be committing yourself to up to 30 years of installment payments. And what will happen to your home or property if you suddenly die or become totally disabled due to an unfortunate event? Someone in your family will have to fulfill the loan obligation and continue with the loan repayment, otherwise, they will ultimately face foreclosure. This is where Loan Protection Insurance comes in.What is Loan Protection Insurance?Loan Protection Insurance is a type of insurance policy designed to provide you financial protection in the case of death or total disability to cover your loan obligation so your family will not be burdened with paying off your debt. There are different types of Loan Protection Insurance with coverages and benefits that vary between insurance providers but generally, there are two options to choose from which are level and decreasing coverages.Level – refers to coverage that remains fixed throughout the term of the loan. If the benefit payout is greater than the outstanding loan balance at the time of death or total disability, the excess amount will be provided to your family or loved ones.Decreasing – refers to coverage that decreases throughout the term of the loan to match the outstanding loan balance as the principal balance is repaid. Decreasing coverage is generally less expensive than level coverage with a similar coverage amount and term.Eligibility and CostsThe acceptance of coverage and the insurance premium amount for Loan Protection Insurance will depend on a variety of factors including your age, gender, loan interest rate, coverage amount, term, and health condition. Generally, the healthier and younger you are, the lower the insurance premium amount will be.Is It Right For You?The question of whether Loan Protection Insurance is right for you is largely dependent on your specific needs and situation. If you are worried that your home or property will be foreclosed by your lender in the case of your death or total disability, Loan Protection Insurance could be a great option to provide you and your loved ones with a peace of mind. It can be an inexpensive alternative to cover your family’s long-term financial needs compared to settling the outstanding loan when no insurance coverage is in place. Be the responsible person by minimizing your financial risk through insurance and leave a legacy of love for your family, not your debt!If you think Loan Protection Insurance is something you require or if you would like to learn more about it, please contact us today!Inquire about Loan Protection today!