Realestate.com.kh and Orkide Development Co., Ltd, “Orkide” partnered up to showcase the Royal Condominium in Sen Sok to both the local and international markets. Supplied.Orkide Development Co., Ltd, “Orkide”, one of the biggest property developers in Cambodia, signed on Realestate.com.kh, the largest real estate classifieds portal in the Kingdom, as sales and marketing partner for its latest luxury project: Orkide The Royal Condominium.Orkide The Royal Condominium is a sprawling development in Sen Sok district. This large, upscale residential project consists of six 18-story towers offering nearly 2,000 residential units. The project’s crowning glory: The Royal Garden covers an area of ​​3.2 hectares and has 12 different areas, including artificial sandy beaches, green gardens, playgrounds etc., with more than 100 facilities, including swimming pools, luxury gyms, steam rooms, saunas, walking paths, and bicycle paths.Orkide’s sprawling condominium complex holds no punch in delivering a bevy of top-class amenities in a market eager for a premium city life. Supplied.Orkide The Royal Condominium sits at a convenient location in Sen Sok district along Street 2004. Located in the mid-point between the Phnom Penh International Airport and the capital city’s central business district, residents of Orkide the Royal Condominium enjoy modern urban staples such as international schools, wet & dry markets, supermarkets, and a wide selection of shops, restaurants and cafes on top of the class-A amenities easily accessible within the complex.The Royal Condominium will have a total of 6 residential towers connected by the 3.2 hectare Royal Garden. Supplied.“Orkide Development Co., Ltd is a hallmark of Cambodian property development.” said Tom O’Sullivan, CEO of Realestate.com.kh. “We’ve had a working relationship with them for years and their projects that have entered our events notably attracts strong interest from local and international property buyers”The Royal Condominium boasts several swimming pools and other open areas all comfortably located within the complex. Supplied.Orkide The Royal Condominium is the latest addition to Orkide’s portfolio of luxury properties. As a leader in developing modern residences in the Kingdom, the Orkide Development Co., Ltd has successfully developed high-end residences such as Orkide The Botanic City, Orkide The Royal, and Orkide The Grand. Other upcoming projects include Orkide The Pochentong and Orkide The Canal.Orkide The Royal Condominium’s handover comes at the right time as Cambodia’s successful pandemic management is gradually reintroducing confidence on multiple fronts of the market. “The beginning of 2022 is off to a good start,” noted Tom O’Sullivan. “The Cambodian real estate market has increasingly been catering to the needs of the Khmer market and consequently strengthening interest in the property sector.”Interested? Orkide is running a 10% down payment offer with the option to move in right away. Supplied.And with the economy poised for recovery, the Orkide Development Co., Ltd is leading property developers in opening its new premium residential project alongside the larger economy. As a way to celebrate, Orkide The Royal Condominium is currently offering buyers a 10% down payment option with the option to move in right away.Learn more Orkide The Royal Condominium

Completion of the Phnom Penh-Sihanoukville Expressway will reduce travel time and transportation costs between the two cities. Photo from Khmer Times.Cambodia’s national infrastructure development for its southern economic corridor is well underway with a key project approaching completion and another renovation project starting this 2022.According to the latest updates from the Ministry of Public Works and Transport, the Phnom Penh-Sihanoukville Expressway is 80% complete as of January 2022. The expressway is expected to be opened for public use by March 2023.The Phnom Penh Sihanoukville Expressway is a major infrastructure project spanning 190 km and is being constructed to the tune of over $2 billion. The massive project is funded by a public-private partnership between the China Road and Bridge Corporation (CRBC) and the Chinese government. Work on the expressway broke ground in 2019.Sihanoukville is one of the major population centres in Cambodia and is home to the country’s only major deep-sea port. The seaport is managed by the Sihanoukville Autonomous Port (PAS) and is one of the main gateways for Cambodian exports and imports. In 2021, the PAS oversaw the movement of $2.2 billion worth of imports, up by 42.75% compared to 2020’s figures.The Sihanoukville seaport itself is earmarked for further development this year. According to the Sihanoukville Autonomous Port, the first phase (out of five) is set to begin in mid-2022 and will increase the port’s capacity to handle larger vessels up to 60,000 tons. The first phase’s target completion date is between 2023-2024.The country’s southern economic corridor runs through 5 provinces. Supplied.Additionally, the new expressway will alleviate the traffic congestion commonly experienced on National Road 4. Also known as NR4, the national highway is presently the main artery connecting Sihanoukville and Phnom Penh.In January 2022, H.E. Sun Chanthol stated that the remaining bidding procedures for NR4’s renovation are scheduled to be completed by March. The Minister added that officials are accelerating the process so renovations and expansions can begin as early as this year.National Road 4 spans 232 km and runs parallel to the upcoming Phnom Penh-Sihanoukville Expressway. Goods and services currently traveling between the two cities take around 5 hours on National Road 4. Completion of the expressway will significantly cut travel time to just 2 hours and also reduce the cost of transportation between the country’s deep-sea port in Sihanoukville and the country’s main economic hub: Phnom Penh.Looking for property investments in Cambodia? Let us help!

The year 2021 has been a tumultuous year for Cambodia's property market but that has not deterred investors from looking up deals on Realestate.com.kh. Supplied.Much of the real estate market would agree that it has seen better days than 2021. The year marked the only major spike in cases and forced much of the country, especially Phnom Penh, into a lockdown. Despite the difficulties, the Cambodian real estate market managed to continue its activity by focusing its marketing efforts towards the local market.Realestate.com.kh, Cambodia’s largest real estate classifieds portal, hosts over 30,000 property listings from bare land, shophouses, villas, borey properties, condominium units, office spaces, and mixed-use developments from all over the country. And given Phnom Penh is at the epicenter of the Kingdom’s continued market activity, we are taking a look at which districts in the capital city have received the most attention from online property seekers in 2021.Browse new developments in CambodiaChamkarmonThe south-central district of Chamkarmon is one of the biggest and more developed districts in the capital. The district was the most searched area over 2021 for its proximity to both the Central Business Districts (Daun Penh and BKK1) and upcoming areas like Meanchey and Chbar Ampov.Chamkarmon is also known to have a variety of new and resale properties ranging from shophouses to condominiums. This makes it a hub for property buyers and renters to hunt for great deals while not being too far away from the city centre.Most search properties (sale and rent) in Chamkarmon:Apartments/CondosLanded housesCommercial propertiesLand propertiesIts numerous shops, restaurants, cafes, schools, markets, malls and even offices make it an ideal area for both locals, expatriates and tourists to stay in/visit. Chamkarmon strikes a good balance between location and price, solidifying its hold on the top spot for 2021’s most searched district for properties in Phnom Penh.Beoung Keng KangBoeung Keng Kang (BKK) comes a close second to Chamkarmon. This other south-central district was once part of Chamkarmon but has since been made its own district in 2019. Much like its former parent district, it hosts a variety of properties available for sale and rent. Also worth noting that much of the attention in BKK is directed towards the BKK1 subdistrict.Its subdistrict of BKK1 is considered to be the other CBD in Phnom Penh for its many offices, embassies, shops, restaurants, cafes, and premium high-rise residential properties.Most search properties (sale and rent) in Boeung Keng Kang:Apartments/CondosLanded housesCommercial propertiesLand propertiesMany often forget that BKK is much larger than BKK1. Other districts such as BKK2 and BKK3 offer their own selection of properties close to downtown and adjacent to developing districts like Meanchey, Por Sen Chey and Sen Sok. Throughout 2021, the BKK district traded places with Chamkarmon as the most searched district for properties in Phnom Penh.Daun PenhDaun Penh, the de-facto CBD of the city, is the most developed district in Phnom Penh. It is where most banks and multinational companies are headquartered. Major tourist attractions are also located in Daun Penh such as the Royal Palace and the Riverside area, frequented by many tourists and expatriates.Despite its seemingly business façade, there are still residential properties in Daun Penh in the form of shophouses and villas scattered throughout the district supported by several markets. It is worth noting that these properties are now considered one of the most expensive in Phnom Penh.Most search properties (sale and rent) in Daun Penh:Apartments/CondosLanded housesCommercial propertiesLand propertiesDaun Penh prices are among the highest in Phnom Penh due to its central location and complete set of urban amenities. It has largely remained in the Top 5 for most of 2021, only losing its spot during the height of the pandemic.Chroy ChangvarChroy Changvar, one of Phnom Penh’s peninsular districts, is touted as the upcoming district in the next 5 years. It’s a hotspot of residential and commercial developments driven by Phnom Penh’s outward expansion.But the attention Chroy Changvar enjoys today wasn’t always there. Just half a decade ago, the peninsular district was just another rural area with very little going on. But as prices in central Phnom Penh rose and the suburban lifestyle started to take hold, the district received significant attention from buyers and property developers resulting in considerable price increases in Chroy Changvar.Most search properties (sale and rent) in Chroy Changvar:Landed housesApartments/CondosLand propertiesCommercial propertiesChroy Changvar’s promise of development is all well and good from a property investment perspective. But it is also worth noting that Chroy Changvar enjoys a natural breeze as it's a peninsular district flanked by the Tonle Sap and Mekong Rivers. And this riverside view is something that will keep Chroy Changvar on the map of Phnom Penh’s suburban residents for years to come.Sen SokSen Sok is one of the largest districts in Phnom Penh in terms of land size and is notable for a district seeing the most development in terms of residential and commercial projects in recent years. Data from Realestate.com.kh shows that it is the district with the highest number of searches for landed property in Phnom Penh.Most search properties (sale and rent) in Sen Sok:Landed housesApartments/CondosLand propertiesCommercial propertiesSen Sok’s vast flatlands have made it one of the hottest development spots in the past few years as made evident by boreys, condos, commercial centres, and shopping malls popping up in the area. The chief example is the AEON Mall 2, the largest purpose-built shopping mall in Cambodia to date.Property prices in Sen Sok, while relatively lower than more centrally located districts, have started picking up due to the continued development in the district.Looking for property in Cambodia? Let us help!

Phnom Penh is the epicenter of the Kingdom's construction and real estate growth for much of the decade. Supplied.Cambodia’s construction and real estate sectors may have a better cause for optimism in 2022. Earlier in January, the National Bank of Cambodia (NBC) released a report on the bank sector’s macroeconomic progress and outlook for 2022.According to NBC’s report, the global economy is expected to grow at different rates, depending on how effective COVID-19 prevention measures are in different countries. At present, the omicron variant, though less severe in terms of symptoms, is noticeably more transmissible; stoking fears of lockdowns that may stifle economies once again.Despite omicron’s presence, NBC’s report highlights promise from Cambodia’s exports, namely in garments and textiles, as well as new launches in producing electronic parts and bicycles to add to the Kingdom’s export portfolio.Additionally, Japanese mall developer AEON is mulling to build a 30,000 sq meter logistics center in Sihanoukville in 2023. The gigantic center will offer import storage, customs clearance and support for cross-border online retail.Ford is investing $21 million dollars to manufacture its SUV lineup in Cambodia. Supplied.According to a report by the Khmer Times, US automaker Ford has invested $21 million in an assembly line in Cambodia for the production of the Ford Ranger and Ford Everest. The assembly line is currently under construction and will begin production in April.The report further highlights the importance of the Regional Comprehensive Economic Partnership Agreement (RCEP), an agreement between the 10 ASEAN Member States and the Free Trade Partners (Australia, New Zealand, China, South Korea and Japan) entered into force earlier this year. This will provide opportunities for trade in services and goods, investment and e-commerce.Cambodia’s construction and real estate sector is also expected to see a recovery albeit a conservative one. NBC cites a pick-up in domestic activity and investment since the economy largely reopened in the latter half of 2021. Rising domestic revenue and consequent investment will be the key drivers of the Kingdom’s property sector growth.It is worth noting that the local interest for properties has kept real estate activity going in Cambodia. Landed properties have noticeably become more popular, especially those offered in the affordable and mid-range of the market’s spectrum.In an earlier report by Realestate.com.kh, Cambodia’s largest real estate classified’s portal, a sizable section of the website’s traffic has been searching landed properties in Sen Sok and new developments Chroy Changvar - two districts that are seeing continued growth despite the pandemic. That is not to say condominiums have been completely overtaken by landed homes. According to Realestate.com.kh, the search for residential properties (condos and landed homes) in core areas of the city such as Chamkarmon and Boeung Keng Kang still topped the popular site’s searches in 2021. How regular discounts are offered and the overall decrease in average quoting prices are still driving interest from local middle-class and international buyers.Given difficulties faced in the first half of 2021, Cambodia’s growth for the previous year is only expected to be around 2%, according to the NBC as well as the WorldBank and Asia Development Bank. However, all three banking institutions project ~5% growth for Cambodia in 2022.Looking for property in Cambodia? Let us help!Article by:

The Cambodia Real Estate Survey is an annual initiative that realestate.com.kh uses to create valuable reports and insights on the local property market. Once the responses are collected the analyst at relaestate.com.kh publishes the results in an annual report that is available for free across its platforms so buyers, renters, agents, developers, and the industry, in general, can continue to make informed decisions when buying, renting or selling property.Start surveyYour answers go a long way in helping improve the Cambodian real estate market. Rest assured that your answers will be kept confidential and anonymous in our final report.If you would like to receive a copy of the final report and go in the lucky draw to win the exclusive helicopter tour of Phnom Penh, make sure you add your contact details at the end of the survey. This survey is brought to you by Realestate.com.kh & Yugo Private AviationStart survey

Realestate.com.kh, Cambodia's largest real estate platform has partnered up with Borey Kasen Phnom Penh, a new residential development project along National Road 3.Borey Kasen is located immediately off National Road 3, just minutes from the Chaom Chau roundabout and 10 minutes from Phnom Penh International Airport. The project represents a distinct architectural style, quality construction, spacious houses and modern furnishings. The developer will also complete a commercial boulevard with shops, clubs, international schools, hospitals, and other amenities. Phase 1 itself will be handed over with a communal clubhouse. At the launch event for the project Tom O’Sullivan, CEO of Realestate.com.kh noted “National road 3 and this location in general has been waiting for a project of this quality for a long time, with infostructure in the area being recently completed the timing of this launch is perfect - there is a lot of demand for shop houses and luxury villas, in this location” The joint venture between Realestate.com.kh and Borey Kasen Phnom Penh will aid in helping Cambodian buyers find their dream home.

A rendered image of the Svay Chrum Bridge connecting Areyksach in Kandal to Metro Phnom Penh. Supplied.On January 3, 2022, South Korean Ambassador to Cambodia, Park Heung-Kyeong, joined Prime Minister Hun Sen in the groundbreaking ceremony of National Road No. 48 - a coastal road connecting Preah Sihanouk and Koh Kong.The National Road 48 was funded by the Republic of South Korea to the tune of US $78 million and is being constructed by Ilsung & Hanil Joint Venture.During the ceremony, the South Korean Ambassador revealed that the South Korean government is exploring the possibility of a bridge connecting Phnom Penh to the Areyksach area in Kandal province.The Areyksach area is located on the bank of the Mekong River in Kandal Province, east of Phnom Penh City. It is opposite Koh Pich (Diamond Island) and is a riverfront area with great development potential for its wide and flatlands. According to the urban master plan issued by the Phnom Penh Municipal Government, the Areyksach district will be under the jurisdiction of Phnom Penh in the future and is earmarked to be a satellite city with large shopping malls, modern residences, office buildings and leisure and entertainment.The South Korean government intends to build a bridge to both improve Phnom Penh’s economic outlook and strengthen the friendship between the two countries. According to a report by the Khmer Times, the technical teams carried out research on site selection and construction plans, and are considering building the friendship bridge from either Chroy Changvar or Daun Penh’s Riverside.“We are finalising the details of the bridge project. After that, we will open bids for the construction of the bridge. I think the bridge could be built in 2023,” said Sun Chanthol, Minister of Public Works and Transport.Many residents of Kandal province presently use ferries to get across the Mekong River into Phnom Penh. Building a bridge and physically connecting the population centres is expected to alleviate traffic congestion and make travel much more convenient."Bay Area Economic Circle" starting to form in Phnom PenhCross the Mekong as part of the city's expansion plans would be a landmark achievement for Phnom Penh's developers and urban planners; joining other developed cities in incorporating rivers into its metropolis. Supplied.Phnom Penh’s outward expansion has been an ongoing trend in the city's property sector. In the past few years, the capital city has seen Sen Sok develop into an urban centre with plenty of residential choices and supporting commercial areas. The district of Meanchey is similarly seeing interest since the completion of the Hun Sen Boulevard in 2018 and the construction of AEON Mall 3, soon to be the largest purpose-built shopping mall in Cambodia. The southern district is now the site of several sprawling boreys from the Kingdom’s most well-known developers.The Cambodia-South Korea Friendships Bridge, to be known as the “Svay Chrum Bridge”, opens up the potential for an eastward expansion of Phnom Penh. Chroy Changvar, one of the shortlisted sites for the upcoming bridge, has been a hotspot of borey and condominium projects in the past few years. Key developments such as Morodok Techo National Stadium and the adjacent WorldBridge Sport Village are expanding the possibilities of where Phnom Penh residents can settle down.Koh Norea Satellite City is one of the largest developments Phnom Penh is seeing to date. Supplied.On the southern end, the Chbar Ampov district is a major population centre home to almost 170,000 residents. It hosts several residential and commercial developments, as well as a new bridge connecting Koh Pich and Chbar Ampov known as the Koh Norea Bridge. The landmark development in this district, however, is the Koh Norea Satellite City, being developed by the OCIC to the tune of US $2 billion. The satellite city has reached its 30% completion milestone and stands directly opposite the Areyksach district in Kandal, only separated by the Mekong.Current development plans are pointing to an eastward expansion of the capital city. Future plans of incorporating Areyksach into Phnom Penh serve as an endpoint for what appears to be a continued pincer movement coming from the Chroy Changvar in the north and Chbar Ampov in the south. At present, the infrastructure plans mentioned above are still in different stages of development. However, based on what we have seen from Cambodia’s developers and planners, such undertakings are only a matter of time.Looking for property investments in Phnom Penh? Let us help!

BHCC DEVELOPMENT, BHCC Tower Construction in Phnom Penh City. A high-rise complex that includes a business hotel, commercial facilities, and parking. Buildings that will become landmarks in Phnom Penh, pay with BHCC at all facilitiesBHCC, a digital asset with a mainnet, will build a 200-room business hotel in Phnom Penh, the capital of Cambodia, and a BHCC tower that includes various convenience facilities such as a coffee shop and a mart.According to BHCC recently established a real estate development company (BHCC DEVELOPMENT CO., LTD) and secured the right to use a parking lot near the Russian Market in the center of Phnom Penh.BHCC Tower, built by BHCC DEVELOPMENT CO., LTD, is a 12-story building with 11 stories above the ground and 1 basement. Convenience facilities such as a large hotel, sky room, and various commercial facilities are scheduled to be built, and BHCC Tower is expected to become a landmark in Phnom Penh when the construction work is completed.BHCC Tower, which is expected to become a landmark of Phnom Penh, will be built near Sangkat Toul Tompong 1, Khan Chamkarmon, Phnom Penh. The project is currently in discussion with nearby merchants about relocation.A person related to digital asset BHCC said, "BHCC is used as a payment method in all facilities in the BHCC Tower, including hotels and shopping malls."BHCC DEVELOPMENT CO., LTD secured 100ha in Siem Reap, Cambodia's second city, separately from the BHCC Tower construction in Phnom Penh and is preparing to build a large-scale leisure facility with various recreational facilities such as hotels and resorts, we plan to use BHCC as a payment method here as well.The plan that BHCC is currently designing and drafting a specific development plan is near the dock for floating houses in Siem Reap. The large-scale complex leisure facilities will be built in Siem Reap Province, Cambodia.Meanwhile, digital asset BHCC is listed and traded on the global exchange Todaycox and Hotbit Exchange. In particular, Todaycox Exchange allows you to purchase points with credit cards such as Visa and UnionPay.Looking for new developments in Phnom Penh? Let us help!

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