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Emerging Giant: How Cambodia is Following in Singapore’s Footsteps
November 4, 2024, 11:43 p.m.
Over the past few decades, Cambodia has experienced transformative growth, moving from a country known for its rich cultural heritage to an emerging economic hub in Southeast Asia. As Cambodia modernizes, many are beginning to wonder: Could Cambodia be the next Singapore?To answer this, let’s explore the key areas where Cambodia is showing rapid progress and development that hint at a similar path Singapore took.1. Economic Growth and DevelopmentAccording to the world bank, Cambodia's economic landscape has undergone significant transformation over the past two decades. Between 1995 and 2019, the country achieved an average annual GDP growth rate of 7.6%, positioning it among the fastest-growing economies globally. This economic progress has been sustained by strategic investments in sectors such as real estate, tourism, manufacturing, and the growing digital economy. Foreign direct investment (FDI) has been pivotal, with China as a primary contributor, investing significantly in infrastructure projects, real estate developments, and manufacturing since 2005. As of 2022, Cambodia's FDI inflows were approximately $3.58 billion, a testament to the country's growing appeal as an investment destination (Statista, 2022). Other countries, such as South Korea and Japan, have also made substantial contributions, particularly in real estate, agriculture, and finance. This flow of FDI has created job opportunities, expanded Cambodia’s middle class, and fueled demand for urban infrastructure in rapidly developing cities like Phnom Penh and Sihanoukville.Additionally, Cambodia’s strategic location in Southeast Asia provides easy access to major sea lanes which provides easy access to essential trading routes, enhancing its appeal as a regional hub. In a way similar to Singapore, Cambodia is leveraging its geographical location to attract foreign investments and foster economic integration within ASEAN.2. Real Estate Boom and UrbanizationCambodia’s real estate sector is experiencing a period of rapid growth, particularly in its capital, Phnom Penh. High-rise buildings, luxury condominiums, and mixed-use developments are transforming the city’s skyline, indicating a thriving demand for both residential and commercial properties. Districts such as Toul Tum Poung and Boeung Keng Kang (BKK1) have emerged as vibrant hubs for new projects, drawing both local and international investors who recognize Phnom Penh’s potential as a rising urban center (CBRE Cambodia, 2023).This growth is further supported by major infrastructure projects aimed at enhancing connectivity and accessibility. Notable developments include new road networks, the construction of the Techo Takhmao International Airport, and extensive expressway systems. The Techo Takhmao International Airport, scheduled to open in phases beginning next year, is expected to initially accommodate 13 million passengers, with a projected expansion to 50 million by 2050 (The Sun, 2024).At the center of this real estate expansion is Realestate.com.kh, Cambodia’s leading online real estate platform. By providing a trusted, accessible marketplace, Realestate.com.kh connects developers, agents, and buyers, facilitating property transactions on a national scale. As the exclusive marketing partner for many major projects, Realestate.com.kh is instrumental in driving awareness and building demand for new developments across Cambodia. This role not only aids in promoting high-quality projects but also strengthens investor confidence by ensuring a streamlined and transparent buying process.Realestate.com.kh’s Connect Center has also been a game-changer, creating a space where agents and developers receive support, professional training, and access to the best tools for reaching potential buyers. This initiative is enhancing service standards across the industry, helping Cambodia’s real estate sector grow more connected, professional, and investor-friendly.For buyers and investors, this real estate boom represents a promising opportunity. As property values in Phnom Penh continue to appreciate, developments are emerging that combine luxury living with affordability, attracting both high-end investors and young professionals. New projects are being introduced with attractive starting prices, making the dream of urban living more accessible. From affordable condos to upscale residences, the real estate market in Cambodia is evolving to cater to a diverse range of buyers, much like the early years of Singapore’s property development boom.With these factors in play, Cambodia’s real estate market is poised for sustained growth. Investors looking for high returns are increasingly drawn to the country’s affordable property prices, strategic location, and rapidly expanding urban infrastructure. Realestate.com.kh’s expertise and influence in the market will likely continue to drive this sector forward, solidifying Cambodia’s place as a future economic and urban powerhouse in Southeast Asia.3. Tourism and Cultural AppealTourism remains a significant driver of Cambodia’s economy. In 2023, Cambodia welcomed approximately 5.43 million international tourists, marking a notable increase of 139.5% from the previous year’s 2.27 million arrivals, highlighting the resilience and importance of the sector (Tourism Cambodia, 2023). While the iconic Angkor Wat continues to attract global attention, Cambodia is diversifying its tourism portfolio with new developments in eco-tourism resorts, cultural heritage sites, and luxury hospitality projects. For instance, eco-tourism initiatives saw a 250% increase in visitors, with 341,621 domestic and foreign tourists recorded in the first four months of 2022 compared to the same period in 2021 (B Consulting Cambodia, 2022).Singapore’s success as a tourism destination was also built on a mix of cultural heritage, innovative attractions, and exceptional hospitality. Cambodia is following suit, broadening its tourism appeal and creating sustainable tourism experiences that highlight its cultural and natural assets.4. Emphasis on Digital TransformationThe digital economy is a priority for Cambodia’s government as it works toward a more connected future. Initiatives to promote digital literacy, expand internet access, and encourage technology startups are gaining momentum. Programs like the Cambodia Digital Economy and Society Policy Framework 2021–2035 set ambitious targets for digital transformation, aiming to make Cambodia a leader in Southeast Asia’s digital landscape. Singapore’s own transformation into a digital economy powerhouse was driven by government support for technology adoption, education, and infrastructure. Cambodia’s current path mirrors this with a focus on digital skills development, e-commerce growth, and tech innovation.5. Special Economic Zones (SEZs) and Free TradeCambodia has established several SEZs, which offer tax incentives and infrastructure support to attract foreign companies. These zones are part of Cambodia’s strategy to create a competitive manufacturing base, particularly in garment manufacturing, electronics, and automotive parts. With the signing of free trade agreements with China and South Korea, Cambodia is positioning itself as a gateway for goods and services into ASEAN markets.Singapore’s economic success was largely based on its ability to leverage trade agreements and offer business-friendly environments for foreign companies. Cambodia is pursuing a similar strategy, striving to create a more open and efficient economy that attracts global investment.6. Commitment to Education and Skill DevelopmentSingapore’s rise was fueled by investments in education and a focus on skills development. Cambodia is beginning to make strides in this area as well. The government, with the support of international partners, is investing in education reforms aimed at improving literacy, digital skills, and vocational training. New universities and technical institutes are emerging to meet the needs of a growing workforce that is increasingly connected and tech-savvy.While Cambodia’s education system still faces challenges, these efforts show a commitment to building a skilled workforce. As more young Cambodians enter the job market with relevant skills, the country’s economy will benefit from a talent pool that supports its growing industries.7. Future OutlookIn the years ahead, Cambodia has the potential to emerge as a competitive player in Southeast Asia’s economy. With the right mix of government policies, foreign investments, and local initiatives, Cambodia could indeed chart a path similar to Singapore’s. By embracing modernization while preserving its unique culture, Cambodia has the opportunity to create its own success story and become a dynamic, prosperous nation.Conclusion: Cambodia’s Journey Toward a Bright FutureWhile Cambodia may not yet be “the new Singapore,” its transformation is certainly capturing the world’s attention. With robust economic growth, a thriving real estate market, digital transformation, and a commitment to sustainable development, Cambodia is well on its way to becoming an influential player in the region. The next decade will be crucial, as Cambodia continues to build on its strengths and address its challenges.As investors, citizens, and stakeholders, supporting Cambodia’s vision for the future is essential. Through strategic planning, innovation, and international partnerships, Cambodia can build a future that rivals the success of its Southeast Asian neighbors, including Singapore.
Phnom Penh's Top Condo Projects Ready for Handover in 2025!
December 13, 2024, 8:38 a.m.
As 2025 approaches, Cambodia's real estate market continues to grow, attracting investors from around the world. Things like relatively low property prices, easy investment law, and the chance to earn good rental income are appealing to both residents and investors. There will be a lot more condos available in Phnom Penh as well as the market continues to progress. With that in mind, Realestate.com.kh will explore some of the main projects that are expected to finish in 2025!Le Conde BKK1Le Conde BKK1, a 43-story mixed-use landmark in Phnom Penh’s BKK1 developed by Wangfu International Real Estate Development Co., Ltd, offers luxury living with smart home-equipped units, featuring premium amenities, including an infinity pool, sky bar, gym, sky garden, concierge services, and ample parking.Located in BKK1Payment Term: 30% down payment, Installment up to 38 months interest-freeEstimated Handover: Starting from March 2025Time Square 306 (Time Square 5) Time Square 306, commonly known as Time Square 5, is the the fifth project by Megakim World Corp.,. It is a newly topped-out condominium in Phnom Penh’s prime BKK1 district, offering a prime location for homeowners and expat renters.Located in BKK1Payment Term: 30% down payment, up to 12 months interest-free installment Estimated Handover: Dec of 2025Diamond Bay Garden If you're looking for stunning views, Diamond Bay Garden is the place to be. Located in Koh Pich, this development offers breathtaking views of the river. But it's not just about the scenery. Residents also have access to a range of top-notch amenities. Plus, it's conveniently located near malls for shopping, schools for families, and embassies.Location: Diamond Island/Koh Pich (located near all of the top districts like BKK1)Payment Term: 10% down payment, up to 23 months of installmentEstimated Handover: Starting from February 2025 (the first 2 floors of the building has already been handed over)Urban Village Phase 2 Urban Village Phase 2 builds on the success of Phase 1 with two elegant 51-story towers offering 1,700 luxury units at competitive prices. Located along Hun Sen Boulevard, commonly known as the 60-meter road, the project is strategically located near large supporting facilities such as Aeon 3 and is only a 10-minute drive from the city center, making it an ideal choice for those seeking a modern and convenient living. Located on the Hun Sen Boulevard roadA convenient location with a huge community surrounded by international schools like ISPP, community grounds like The Factory, and many more!Payment term: 30% down payment, with a flexible installment termEstimated Handover: Starting from December 2024 up until early 2025Royal Platinum CondominiumRoyal Platinum Condominium, a luxury mixed-use development in Phnom Penh’s Toul Kork district, offers 851 elegantly designed residences, from studios to four-bedroom penthouses. Developed by Royal Hong Lai Huat One, it blends comfort and sophistication with a unique X-shaped layout!Location: Toul Kork, close to TK Avenues and many more lifestyle facilitiesPayment term: 15% down payment, up to 29 months of interest-free installmentsEstimated Handover: Early 2025 (Some of the units have been handed over already)La Vista OneLa Vista One consists of twin towers that stand as landmarks in Phnom Penh’s Chroy Changvar district. Rising to a height of 140 meters, they are located at the meeting point of the Mekong and Tonle Sap Rivers. The location is surrounded by government offices and high-end residences. Residents can enjoy amazing views of both the city and the rivers.Location: Chroy Changva, with a great river viewSupport a 30% down payment and up to 36 months of interest-free installmentsEstimated Handover: Early 2025 (Some of the units have been handed over already)--------------------Learn more about all of the upcoming projects and contact us now!Phone: +855 92 92 1000Email: info@realestate.com.khFor agents and agencies wanting more informationPhone: +855 78 65 32 26Email: phany.chuon@realestate.com.kh
Emerging Giant: How Cambodia is Following in Singapore’s Footsteps
November 4, 2024, 11:43 p.m.
Over the past few decades, Cambodia has experienced transformative growth, moving from a country known for its rich cultural heritage to an emerging economic hub in Southeast Asia. As Cambodia modernizes, many are beginning to wonder: Could Cambodia be the next Singapore?To answer this, let’s explore the key areas where Cambodia is showing rapid progress and development that hint at a similar path Singapore took.1. Economic Growth and DevelopmentAccording to the world bank, Cambodia's economic landscape has undergone significant transformation over the past two decades. Between 1995 and 2019, the country achieved an average annual GDP growth rate of 7.6%, positioning it among the fastest-growing economies globally. This economic progress has been sustained by strategic investments in sectors such as real estate, tourism, manufacturing, and the growing digital economy. Foreign direct investment (FDI) has been pivotal, with China as a primary contributor, investing significantly in infrastructure projects, real estate developments, and manufacturing since 2005. As of 2022, Cambodia's FDI inflows were approximately $3.58 billion, a testament to the country's growing appeal as an investment destination (Statista, 2022). Other countries, such as South Korea and Japan, have also made substantial contributions, particularly in real estate, agriculture, and finance. This flow of FDI has created job opportunities, expanded Cambodia’s middle class, and fueled demand for urban infrastructure in rapidly developing cities like Phnom Penh and Sihanoukville.Additionally, Cambodia’s strategic location in Southeast Asia provides easy access to major sea lanes which provides easy access to essential trading routes, enhancing its appeal as a regional hub. In a way similar to Singapore, Cambodia is leveraging its geographical location to attract foreign investments and foster economic integration within ASEAN.2. Real Estate Boom and UrbanizationCambodia’s real estate sector is experiencing a period of rapid growth, particularly in its capital, Phnom Penh. High-rise buildings, luxury condominiums, and mixed-use developments are transforming the city’s skyline, indicating a thriving demand for both residential and commercial properties. Districts such as Toul Tum Poung and Boeung Keng Kang (BKK1) have emerged as vibrant hubs for new projects, drawing both local and international investors who recognize Phnom Penh’s potential as a rising urban center (CBRE Cambodia, 2023).This growth is further supported by major infrastructure projects aimed at enhancing connectivity and accessibility. Notable developments include new road networks, the construction of the Techo Takhmao International Airport, and extensive expressway systems. The Techo Takhmao International Airport, scheduled to open in phases beginning next year, is expected to initially accommodate 13 million passengers, with a projected expansion to 50 million by 2050 (The Sun, 2024).At the center of this real estate expansion is Realestate.com.kh, Cambodia’s leading online real estate platform. By providing a trusted, accessible marketplace, Realestate.com.kh connects developers, agents, and buyers, facilitating property transactions on a national scale. As the exclusive marketing partner for many major projects, Realestate.com.kh is instrumental in driving awareness and building demand for new developments across Cambodia. This role not only aids in promoting high-quality projects but also strengthens investor confidence by ensuring a streamlined and transparent buying process.Realestate.com.kh’s Connect Center has also been a game-changer, creating a space where agents and developers receive support, professional training, and access to the best tools for reaching potential buyers. This initiative is enhancing service standards across the industry, helping Cambodia’s real estate sector grow more connected, professional, and investor-friendly.For buyers and investors, this real estate boom represents a promising opportunity. As property values in Phnom Penh continue to appreciate, developments are emerging that combine luxury living with affordability, attracting both high-end investors and young professionals. New projects are being introduced with attractive starting prices, making the dream of urban living more accessible. From affordable condos to upscale residences, the real estate market in Cambodia is evolving to cater to a diverse range of buyers, much like the early years of Singapore’s property development boom.With these factors in play, Cambodia’s real estate market is poised for sustained growth. Investors looking for high returns are increasingly drawn to the country’s affordable property prices, strategic location, and rapidly expanding urban infrastructure. Realestate.com.kh’s expertise and influence in the market will likely continue to drive this sector forward, solidifying Cambodia’s place as a future economic and urban powerhouse in Southeast Asia.3. Tourism and Cultural AppealTourism remains a significant driver of Cambodia’s economy. In 2023, Cambodia welcomed approximately 5.43 million international tourists, marking a notable increase of 139.5% from the previous year’s 2.27 million arrivals, highlighting the resilience and importance of the sector (Tourism Cambodia, 2023). While the iconic Angkor Wat continues to attract global attention, Cambodia is diversifying its tourism portfolio with new developments in eco-tourism resorts, cultural heritage sites, and luxury hospitality projects. For instance, eco-tourism initiatives saw a 250% increase in visitors, with 341,621 domestic and foreign tourists recorded in the first four months of 2022 compared to the same period in 2021 (B Consulting Cambodia, 2022).Singapore’s success as a tourism destination was also built on a mix of cultural heritage, innovative attractions, and exceptional hospitality. Cambodia is following suit, broadening its tourism appeal and creating sustainable tourism experiences that highlight its cultural and natural assets.4. Emphasis on Digital TransformationThe digital economy is a priority for Cambodia’s government as it works toward a more connected future. Initiatives to promote digital literacy, expand internet access, and encourage technology startups are gaining momentum. Programs like the Cambodia Digital Economy and Society Policy Framework 2021–2035 set ambitious targets for digital transformation, aiming to make Cambodia a leader in Southeast Asia’s digital landscape. Singapore’s own transformation into a digital economy powerhouse was driven by government support for technology adoption, education, and infrastructure. Cambodia’s current path mirrors this with a focus on digital skills development, e-commerce growth, and tech innovation.5. Special Economic Zones (SEZs) and Free TradeCambodia has established several SEZs, which offer tax incentives and infrastructure support to attract foreign companies. These zones are part of Cambodia’s strategy to create a competitive manufacturing base, particularly in garment manufacturing, electronics, and automotive parts. With the signing of free trade agreements with China and South Korea, Cambodia is positioning itself as a gateway for goods and services into ASEAN markets.Singapore’s economic success was largely based on its ability to leverage trade agreements and offer business-friendly environments for foreign companies. Cambodia is pursuing a similar strategy, striving to create a more open and efficient economy that attracts global investment.6. Commitment to Education and Skill DevelopmentSingapore’s rise was fueled by investments in education and a focus on skills development. Cambodia is beginning to make strides in this area as well. The government, with the support of international partners, is investing in education reforms aimed at improving literacy, digital skills, and vocational training. New universities and technical institutes are emerging to meet the needs of a growing workforce that is increasingly connected and tech-savvy.While Cambodia’s education system still faces challenges, these efforts show a commitment to building a skilled workforce. As more young Cambodians enter the job market with relevant skills, the country’s economy will benefit from a talent pool that supports its growing industries.7. Future OutlookIn the years ahead, Cambodia has the potential to emerge as a competitive player in Southeast Asia’s economy. With the right mix of government policies, foreign investments, and local initiatives, Cambodia could indeed chart a path similar to Singapore’s. By embracing modernization while preserving its unique culture, Cambodia has the opportunity to create its own success story and become a dynamic, prosperous nation.Conclusion: Cambodia’s Journey Toward a Bright FutureWhile Cambodia may not yet be “the new Singapore,” its transformation is certainly capturing the world’s attention. With robust economic growth, a thriving real estate market, digital transformation, and a commitment to sustainable development, Cambodia is well on its way to becoming an influential player in the region. The next decade will be crucial, as Cambodia continues to build on its strengths and address its challenges.As investors, citizens, and stakeholders, supporting Cambodia’s vision for the future is essential. Through strategic planning, innovation, and international partnerships, Cambodia can build a future that rivals the success of its Southeast Asian neighbors, including Singapore.
Phnom Penh's Top Condo Projects Ready for Handover in 2025!
December 13, 2024, 8:38 a.m.
As 2025 approaches, Cambodia's real estate market continues to grow, attracting investors from around the world. Things like relatively low property prices, easy investment law, and the chance to earn good rental income are appealing to both residents and investors. There will be a lot more condos available in Phnom Penh as well as the market continues to progress. With that in mind, Realestate.com.kh will explore some of the main projects that are expected to finish in 2025!Le Conde BKK1Le Conde BKK1, a 43-story mixed-use landmark in Phnom Penh’s BKK1 developed by Wangfu International Real Estate Development Co., Ltd, offers luxury living with smart home-equipped units, featuring premium amenities, including an infinity pool, sky bar, gym, sky garden, concierge services, and ample parking.Located in BKK1Payment Term: 30% down payment, Installment up to 38 months interest-freeEstimated Handover: Starting from March 2025Time Square 306 (Time Square 5) Time Square 306, commonly known as Time Square 5, is the the fifth project by Megakim World Corp.,. It is a newly topped-out condominium in Phnom Penh’s prime BKK1 district, offering a prime location for homeowners and expat renters.Located in BKK1Payment Term: 30% down payment, up to 12 months interest-free installment Estimated Handover: Dec of 2025Diamond Bay Garden If you're looking for stunning views, Diamond Bay Garden is the place to be. Located in Koh Pich, this development offers breathtaking views of the river. But it's not just about the scenery. Residents also have access to a range of top-notch amenities. Plus, it's conveniently located near malls for shopping, schools for families, and embassies.Location: Diamond Island/Koh Pich (located near all of the top districts like BKK1)Payment Term: 10% down payment, up to 23 months of installmentEstimated Handover: Starting from February 2025 (the first 2 floors of the building has already been handed over)Urban Village Phase 2 Urban Village Phase 2 builds on the success of Phase 1 with two elegant 51-story towers offering 1,700 luxury units at competitive prices. Located along Hun Sen Boulevard, commonly known as the 60-meter road, the project is strategically located near large supporting facilities such as Aeon 3 and is only a 10-minute drive from the city center, making it an ideal choice for those seeking a modern and convenient living. Located on the Hun Sen Boulevard roadA convenient location with a huge community surrounded by international schools like ISPP, community grounds like The Factory, and many more!Payment term: 30% down payment, with a flexible installment termEstimated Handover: Starting from December 2024 up until early 2025Royal Platinum CondominiumRoyal Platinum Condominium, a luxury mixed-use development in Phnom Penh’s Toul Kork district, offers 851 elegantly designed residences, from studios to four-bedroom penthouses. Developed by Royal Hong Lai Huat One, it blends comfort and sophistication with a unique X-shaped layout!Location: Toul Kork, close to TK Avenues and many more lifestyle facilitiesPayment term: 15% down payment, up to 29 months of interest-free installmentsEstimated Handover: Early 2025 (Some of the units have been handed over already)La Vista OneLa Vista One consists of twin towers that stand as landmarks in Phnom Penh’s Chroy Changvar district. Rising to a height of 140 meters, they are located at the meeting point of the Mekong and Tonle Sap Rivers. The location is surrounded by government offices and high-end residences. Residents can enjoy amazing views of both the city and the rivers.Location: Chroy Changva, with a great river viewSupport a 30% down payment and up to 36 months of interest-free installmentsEstimated Handover: Early 2025 (Some of the units have been handed over already)--------------------Learn more about all of the upcoming projects and contact us now!Phone: +855 92 92 1000Email: info@realestate.com.khFor agents and agencies wanting more informationPhone: +855 78 65 32 26Email: phany.chuon@realestate.com.kh

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Set to open in July 2025: Techo International Airport Nears Completion for Phase 1

February 11, 2025, 9:31 a.m.

Cambodia’s infrastructure development is reaching a new milestone with the Techo International Airport (TIA), a $1.339 billion mega-project that is now 92% complete as of December 2024. This new airport, which is scheduled for a formal inauguration in July 2025, is expected to completely transform Cambodia's aviation industry and have a big impact on both air travel and the local real estate market in and around Phnom Penh.(Rendered image of the new Techo International Airport)Located 19 kilometers south of Phnom Penh in Kandal province, TIA spans 2,600 hectares and is being developed in three phases:Phase 1 (2025) – A 4-kilometer runway capable of handling Code 4F aircraft with a passenger capacity of 15 million annually.Phase 2 (2040) – Expansion to 30 million passengers per year, improving connectivity and operational efficiency.Phase 3 (2050) – Full completion, boosting capacity to 45 million passengers annually, placing Cambodia among the region’s key air transport hubs.Once fully operational, TIA is expected to replace Phnom Penh International Airport (PNH) as the country’s primary gateway for international travelers.How TIA Will Impact Cambodia’s Real Estate MarketWith the completion of TIA, Cambodia’s real estate sector is poised for transformative growth, particularly in Kandal province and southern Phnom Penh. (Techo International Airport construction update)The new airport’s location in Kandal will drive real estate appreciation, especially in Takhmao, Sa’ang, and Kien Svay. As history has shown in other cities worldwide, major airport projects tend to boost property values in surrounding areas. Key factors contributing to this growth include the increasing demand for residential and commercial developments near the airport, the rising investment opportunities to support the construction of infrastructure like highways, rail links, and commercial hubs, and how the logistics and industrial zones will benefit from enhanced connectivity.Property developers have already started acquiring land in the vicinity, anticipating the airport’s economic impact. Real estate developers have already begun purchasing land nearby in anticipation of the airport's economic impact. Given that Kandal province offers more reasonably priced real estate than Phnom Penh, investors seeking long-term capital appreciation are anticipated to turn their attention there.TIA’s development is not just about passenger flights; it is also expected to drive the growth of Cambodia’s logistics and air cargo sector. The establishment of freight-handling zones, warehouses, and e-commerce fulfillment centers will create demand for commercial land like warehouses, factories, and office spaces, Industrial parks to support businesses engaged in import/export, and retail developments catering to airport staff, travelers, and nearby residents. This will directly increase land value and commercial property demand, particularly in areas adjacent to the airport. (Techo International Airport construction update)Furthermore, Cambodia’s tourism industry has long been a major driver of the real estate sector, particularly in hospitality, serviced apartments, and rental properties. The completion of TIA is expected to increase international arrivals, strengthening demand for hotels, resorts, and guesthouses in Phnom Penh and surrounding areas, serviced apartments and condominiums catering to expatriates and business travelers, as well as short-term rental properties like Airbnb-style accommodations for transit passengers.In 2019, Cambodia welcomed 6.61 million international visitors, with 3.71 million arriving by air. The COVID-19 pandemic led to a significant decline in tourism, with arrivals dropping to 1.31 million in 2020 (-80.2%) and further to 0.20 million in 2021 (-85.0%). A strong recovery began, with international arrivals surging to 2.28 million, a remarkable 1,059% increase from 2021. Then, In 2023, the upward trend continued, with 5.43 million arrivals, representing a 139.5% growth compared to 2022.Post-pandemic tourism is recovering rapidly, with 5.37 million international arrivals from January to October 2024, an increase of 22% compared to 2023 (according to the Ministry of Tourism). With TIA’s opening, these numbers are expected to surpass pre-pandemic levels, further fueling demand for hospitality real estate, and solidifying Cambodia's position as a premier tourist destination in Southeast Asia.One more thing, the Cambodian government is heavily investing in infrastructure projects that will support TIA’s connectivity, including new expressways linking TIA to Phnom Penh, improving accessibility, railway extensions that facilitate passenger and cargo transport, and many smart city initiatives, promoting sustainable urban development near the airport. For instance, for better transit to the new airport, the government has constructed the new overpass at the Kbal Thnal area of Phnom Penh, commonly known as Kbal Thnal Bridge, connecting Samdech Techo Hun Sen Blvd (60m Street) and Monivong Blvd. Ground was broken for the overpass in 2022 and the project is expected to finish in 2025. The flyover, consisting of two tiers, is costing more than $36 million, and is expected to support TIA’s connectivity, easing congestion. (Kbal Thnal Sky Bridge pictures taken by KiloTRAVEL)Beyond TIA, Cambodia’s aviation sector is experiencing rapid growth, with new international routes being established. Siem Reap-Angkor International Airport (SAI), which opened in late 2023, will receive direct flights from India’s IndiGo Airlines starting February 2025, operating three times weekly between Kolkata and Siem Reap. Cambodia Angkor Air has also expanded operations, running four weekly flights to India since mid-2024, further enhancing connectivity.Final Thoughts: What This Means for Real Estate InvestorsThe completion of Techo International Airport marks the beginning of a new era for Cambodia’s real estate sector. Investors, developers, and homebuyers should take note of the following key trends:Land and property values in Kandal province will be appreciated significantly.Commercial and industrial zones will emerge as major investment hotspots.Tourism-driven real estate (hotels, serviced apartments) will experience higher demand.Infrastructure projects will enhance accessibility, further driving urban expansion.For those considering real estate investment in Cambodia, now is the ideal time to explore opportunities in and around TIA’s location. As Cambodia continues its trajectory toward becoming a regional economic hub, the real estate sector will remain one of the biggest beneficiaries of this transformation.-------------To learn more about property surrounding the new Techo International Airport, Contact our experts via- 📞+855 92 92 1000📧 info@realestate.com.kh

buying-the-property-through--trust-in-cambodia

Owning property via a trust in Cambodia: How does it work?

March 3, 2025, 9:21 a.m.

Trust services are special financial, legal, and management solutions that help protect, manage, and distribute assets for individuals, families, and organizations. In Cambodia, a property trust allows you to transfer ownership of a property to a trustee, who will manage it on behalf of the beneficiary or beneficiaries.The introduction of the Trust Law in 2019 marked a significant shift, enabling foreigners to own land through trust structures. This law allows foreign investors to appoint a licensed trustee to hold legal title to the property while the investor retains beneficial ownership, ensuring compliance with Cambodian laws and providing a transparent and secure investment mechanism.In the last five years, (as of the 20th of Feb 2025), over $1.7 billion has been invested in Cambodia through trusts, with 90% of that going into real estate. This growth is part of Cambodia’s overall economic development, with the economy expected to grow by more than 5% in 2025.Trust ServiceA property trust offers foreign investors a practical solution for investing in and owning property in Cambodia. By appointing a trust company, investors can hold and manage their assets under a commercial trust. The trust company assumes the responsibility of holding the property on behalf of the client, ensuring that the property is managed and maintained in line with the investor's best interests. This arrangement provides a secure and legally compliant way for foreigners to own property in Cambodia, while the trust company oversees the management and protection of the asset.In Step 1 of the property purchase process, the required documents vary depending on whether the buyer is an individual or a business. For individuals, a copy of the Hard Title Document, along with the ID or passport of both the landowner and the buyer, is needed. Additionally, the bank account number and the property location should be provided. For businesses, the required documents include the Memorandum and Articles of Association, Board of Directors or shareholder IDs, Patent Tax, and Tax Registration Certification. An authorization letter and a business license (if applicable) are also necessary to complete the process.Payment StructureThe "Due Diligence Service" is an essential step provided to clients before property acquisition. This service ensures that the property being considered is in good legal and physical condition and is not located within any restricted or non-compliant zoning areas.It includes a thorough examination of the property's ownership history, checking for any existing disputes, that may affect the transaction, verifying the property’s legal status, and confirming that all relevant permits, tax payments, and documentation are up to date. Note: This is a one-time fee that you pay only at the start of the process.This is an ongoing fee that is paid regularly, usually monthly or annually, to cover continuous services such as property management, maintenance, or other long-term costs associated with the property. This fee ensures that the property is well-managed and maintained throughout the entire process. How will this work? Who can be a trustee?In Cambodia, establishing a trust involves selecting a qualified trustee registered with the Trust Regulator and holding a valid trustee certification. Under the Law on Trusts 2019, trustees can be either legal entities or independent individual trustees. The Trust Establishment and Registration Process involves a series of steps to create and officially register a trust in Cambodia. This process ensures that the trust is legally recognized and that the property or assets are properly managed on behalf of the beneficiary. It includes appointing a trusted company, completing the necessary documentation, and adhering to legal requirements to ensure compliance and secure ownership.In short, Cambodia's Trust Law has significantly reshaped the investment landscape by providing a legal framework that facilitates foreign participation in real estate ownership. By allowing foreigners to establish trusts that comply with local laws while retaining beneficial ownership rights, Cambodia has positioned itself as an attractive destination for international investors seeking growth opportunities.As more investors recognize the benefits of utilizing trusts for property investments, it is expected that Cambodia will continue to see growth in its real estate sector alongside broader economic development initiatives.—--------------To learn more about Cambodia Trust law, Contact our experts via- 📞+855 92 92 1000📧 info@realestate.com.kh

Norea City: Phnom Penh's New Favorite Area

Norea City: Phnom Penh's New Favorite Area

February 10, 2025, 9:35 a.m.

Norea City, situated east of Koh Pich (Diamond Island) along the Tonle Mekong River, is rapidly emerging as a key development zone in Phnom Penh. Connected to the city via Koh Pich and Preah Norodom Boulevard, it boasts excellent accessibility, with close proximity to Chbar Ampov and major roads like National Road 2. Surrounded by landmarks such as The Ground Market and Borey Peng Hout, Norea City is becoming a vibrant hub for both residential and commercial development. Developed by Overseas Cambodia Investment Corporation (OCIC) and initiated in 2018, the area has seen significant progress in transforming into a vibrant urban hub. A new bridge linking Norea City to Koh Pich aims to enhance accessibility and boost the value of both areas.The ambitious master plan for Norea City includes residential, commercial, and recreational spaces, along with green areas like parks and riverside promenades. Key facilities such as shopping centers, entertainment hubs, and schools are also planned, making it a self-sufficient urban hub.This bridge connection is a major milestone, strengthening transportation and economic ties while attracting businesses and investments. Norea City is set to play a pivotal role in Phnom Penh’s urban expansion.Diamond Bay Garden: A Jewel in the Koh Norea LandscapeAmong the upcoming projects in Norea City, Diamond Bay Garden, which belongs to the OCIC group, stands out as a visionary development. This luxurious residential project is designed to complement the natural beauty of the riverside while offering a modern urban lifestyle. With a focus on spacious living, elegant design, and premium amenities, Diamond Bay Garden is poised to become a landmark in Norea City, with prices starting at $1600 per square meter.Its strategic location just steps from the proposed bridge, positions Diamond Bay Garden as a gateway to both Norea City and Koh Pich. Whether it’s the vibrant energy of Koh Pich’s nightlife or the serene charm of Koh Norea’s riverside, residents of Diamond Bay Garden will enjoy the best of both worlds.Why Norea City and Diamond Bay Garden Are Worth Your AttentionNorea City, with its expanding array of pubs, shops, cafes, and social spaces, has rapidly transformed into a vibrant destination that significantly boosts the Diamond Bay project’s success. Its development and growing popularity align seamlessly with Diamond Bay’s vision of a modern, dynamic urban lifestyle, making the area increasingly appealing to both residents and investors.The new bridge connecting Norea City to Diamond Bay further highlights the importance of this area, improving accessibility and fostering economic growth. Koh Norea’s thriving activity not only attracts businesses and investment but also creates opportunities for future developments, solidifying Diamond Bay as a prime location for living, working, and leisure. Together, these developments ensure a connected, vibrant, and flourishing community.

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Real Estate Insurance in Cambodia: What You Need to Know in 2025

January 22, 2025, 8:42 a.m.

As of January 2025, the real estate market in Cambodia is undergoing significant changes, influenced by various government initiatives and market dynamics. In this update, Realestate.com.kh will focus on the current state of real estate insurance, and common examples of policies available, and highlights the role of online platforms as resources for navigating the property market.The Importance of Real Estate InsuranceReal estate insurance is crucial for protecting property owners and investors from potential risks such as fire, theft, natural disasters, and liability claims. In Cambodia, the insurance sector has been steadily growing, with an impressive average annual growth rate of approximately 25% over the last decade (Cambodian Insurance Association, 2025). The Cambodian government's strategic focus on strengthening the regulatory system has been crucial, regardless of its early stage in comparison to its regional rivals. The country aims to achieve a 5.5% insurance penetration rate by 2030 according to the Ministry of Economy and Finance which reflects its commitment to fostering an inclusive and robust insurance market.Common Types of Real Estate Insurance PoliciesThe insurance policies available in Cambodia cater to a wide range of needs, ensuring both residential and commercial property owners can find suitable coverage. These include:Property InsuranceProperty insurance in Cambodia is a cornerstone of real estate protection, offering coverage against damages caused by fire, natural disasters, and vandalism. For example, a mid-sized residential property in Phnom Penh valued at $120,000 can secure property insurance for approximately $300 to $400 annually, depending on the level of coverage. Such policies often include optional add-ons like temporary relocation expenses if the property becomes uninhabitable due to covered damages. With increasing urbanization, the demand for comprehensive property insurance is projected to grow significantly, supported by rising awareness among property owners.Liability InsuranceLiability insurance provides financial protection for property owners against claims related to injuries or damages occurring on their premises. For instance, a commercial property owner might face a legal claim if a visitor slips and falls. Policies typically cover legal fees, medical costs, and potential settlements. The average premium for liability insurance for a small commercial property starts at around $200 annually, making it a crucial safeguard for both residential and commercial property owners.Landlord InsuranceDesigned specifically for rental property owners, landlord insurance protects against tenant-related risks such as unpaid rent, property damage caused by tenants, and loss of rental income due to unforeseen events. For example, a landlord renting a two-bedroom apartment in Siem Reap can pay premiums ranging from $350 to $500 annually for coverage that includes legal expenses for eviction and damage repairs. These policies provide landlords with peace of mind, ensuring their investment remains secure even under challenging circumstances.Title InsuranceTitle insurance protects property owners from financial losses caused by defects in property titles, such as fraudulent claims, liens, or encumbrances. For example, a property buyer in Phnom Penh purchasing land worth $80,000 may pay a one-time premium of $500 to $700 for title insurance, which ensures protection against future disputes over ownership. This coverage is particularly important in Cambodia, where land ownership records have historically faced challenges in accuracy and transparency.Construction InsuranceConstruction insurance is tailored for developers and contractors, covering risks during the building phase, such as accidental damages, equipment theft, or on-site injuries. For instance, a developer working on a residential complex can expect to pay 1-3% of the project’s total cost as an annual premium for comprehensive construction coverage. This type of insurance not only protects the project but also ensures compliance with safety standards and contractual obligations.Government Initiatives Supporting Real EstateIn 2025, the Cambodian government has introduced several measures to stimulate the real estate market:Tax Exemptions: Property transfer taxes have been waived for residential properties valued under $70,000 until the end of 2025. Additionally, first-time homebuyers purchasing properties under $210,000 are exempt from stamp duties.Debt Restructuring Initiatives: Programs have been established to assist homebuyers with smoother repayment processes, enhancing liquidity for developers.Digital Services for Land Management: A new online platform has been launched to streamline land transactions and improve transparency in property dealings.These initiatives aim to create a more favorable environment for both buyers and investors in the real estate sector.Role of Digital Platforms in the Real Estate MarketOnline platforms play a pivotal role in Cambodia’s real estate landscape, providing tools and resources that simplify property transactions and investment decisions. Among these platforms, Realestate.com.kh stands out as a prominent player, offering:Comprehensive Listings: Users can explore a wide range of properties, from residential to commercial spaces, with detailed descriptions and pricing information.Market Insights: Realestate.com.kh publishes regular updates on real estate trends, legal frameworks, and investment opportunities, aiding informed decision-making. Networking Opportunities: Events such as expos and webinars hosted by the platform connect investors, developers, and buyers, fostering growth and collaboration in the real estate sector.By centralizing information and facilitating transparent dealings, platforms like Realestate.com.kh are invaluable for navigating Cambodia’s evolving property market.In short, Cambodia’s real estate insurance landscape in 2025 is shaped by dynamic government policies, innovative insurance products, and the growing influence of digital platforms. Property owners, investors, and insurance face both possibilities and problems as a result of the insurance industry's development and strong governmental support. Stakeholders are in a strong position to handle the changing Cambodian real estate market as transparency increases and customized solutions become more widely available.----------Are you interested in buying property in Cambodia and want to know more about the insurance policy here? Contact our experts via: 📞+855 92 92 1000📧 info@realestate.com.kh

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Time Square 7 and Time Square 8: The Secret Behind Its Rapid Sell-Out – Affordable Luxury at Its Best

January 21, 2025, 9:26 a.m.

Time Square 7 and Time Square 8 condo projects have taken the market by storm, selling out in record time and leaving many wondering what drove their remarkable success. Situated in a prime location and offering a blend of modern living and affordability, this project has captured the attention of homebuyers and investors alike.But what truly made TS7 & TS8 stand out in a competitive real estate market? Why did it resonate so strongly with buyers, sparking such overwhelming demand? Let’s explore the key factors behind this incredible achievement with Realestate.com.kh!Project HighlightsTime Square 7 and Time Square 8 complement each other as standout developments in Phnom Penh, catering to different buyer preferences while maintaining a shared commitment to quality and affordable prices.Time Square 7, a 49-story condominium in Toul Kork, Phnom Penh, held its groundbreaking on September 26, 2024. As one of the region's fastest-selling projects, it sold over 400 units in just five months. Offering 1-bedroom to duplex units, it features amenities like seven elevators, a pool, a fitness center, landscaped gardens, and 24/7 security. Conveniently located near shopping and dining, the project is set for handover in early 2028, making it a prime investment opportunity.Meanwhile, the new Time Square 8 condominium project is set to launch in the vibrant Toul Tompoung area of Phnom Penh. With 50 floors, it will offer a range of amenities, including a BBQ Yard Pavilion, gym, swimming pool, sky lounge with city views, concierge services, and 24/7 security. Residents will also have access to a play space, amphitheater, floating bar, and facilities for skyboxing, yoga, and tennis. Time Square 8 provides an affordable living option in a prime location, making it a top choice for homeowners and investors near BKK1.Reasons Behind the Quick Sell-OutAffordability Condominium prices in Toul Kork vary depending on size and location. For instance, land prices in the area range from approximately $1,900 to $6,100 per square meter (based on Why Cambodia 2023 from realestate.com.kh). In comparison, Time Square 7 provides a more affordable alternative, with prices starting at just $1,000 per square meter. This competitive pricing makes Time Square 7 an attractive option for buyers seeking great value in the Toul Kork area.Meanwhile, Time Square 8 offers exceptional affordability as well, especially for those seeking a prime location similar to BKK 1 but at a more budget-friendly price in Toul Tom Poung. Land prices in Toul Tom Poung typically range from $1,600 to $7,300 per square meter, which is more affordable compared to Boeung Keng Kang, where prices range from $2,800 to $10,000 per square meter (based on Why Cambodia 2023 from realestate.com.kh). However, at Time Square 8, you can secure a unit for just $1,000 per square meter, providing significant savings without sacrificing quality.Time Square 7 and Time Square 8 stand out for their competitive pricing, offering incredible value for money. With thoughtfully designed units at accessible price points, the projects appeal to a broad range of buyers, including first-time homeowners seeking affordability and investors looking for high returns.Prime LocationTime Square 7 is located in the heart of Toul Kork, one of Phnom Penh's most rapidly developing districts. This prime location provides residents with easy access to key business hubs, major shopping centers like Samai Square, TK Avenue Mall and Khalandale Mall, and reputable schools. With excellent transport links and nearby healthcare facilities, Time Square 7 offers both convenience and peace, making it a highly attractive choice for both homeowners and investors. The area’s continuous growth and development ensure long-term value for residents.If you're seeking an area similar to Boeung Keng Kang 1 (BKK1) but at a more budget-friendly price, Toul Tom Poung is emerging as an ideal alternative with its prime location. The area’s growing popularity among expatriates, combined with its diverse amenities, creates a cosmopolitan community. With international schools, medical centers, and supermarkets nearby, Toul Tom Poung boasts a well-developed infrastructure that caters to a wide range of residents. The upcoming launch of Time Square 8 further enhances its appeal, offering modern, affordable living in a vibrant and sought-after location in Toul Tom Poung is perfect for both residents and investors.Developer Trust and CredibilityMegakim World Corp Ltd. has a strong track record with seven successful projects, showcasing their expertise and reliability in real estate. Their latest project, Time Square 8, stands out for its affordable pricing and prime location in Toul Tompoung, offering exceptional value for both homeowners and investors. By blending quality, convenience, and accessibility, the developer continues to meet the needs of modern urban living while earning the trust and satisfaction of its customers.Sum up The success of Time Square can be attributed to its combination of prime locations, affordable pricing, modern amenities, and the trusted reputation of Megakim World Corp Ltd. These projects have set a new standard for urban living, appealing to both homeowners and investors alike.Looking ahead, buyers can look forward to more exciting opportunities from Megakim World Corp, with future developments continuing to offer exceptional value and quality in prime locations. Now is the time to invest in these transformative projects!Stay updated with Megakim World Corp’s latest projects! Don’t miss out on similar opportunities—contact us or visit our website realestate.com.kh to explore your next dream home or investment.

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Why J Tower 3 is the Best Investment from a Price Point Perspective

January 21, 2025, 9:26 a.m.

In Phnom Penh’s competitive real estate market, J Tower 3 emerges as a landmark project redefining local buyers' value. As Cambodia’s tallest building at 77 floors and the 8th tallest in Southeast Asia, this luxurious development blends iconic architecture with practical investment potential. Let’s explore with Realestate.com.kh why J Tower 3 is the most compelling choice for those seeking strong returns with good quality.Addressing Market Demand: Why Three-Bedroom Units MatterRight now, Phnom Penh is facing a shortage of three-bedroom units. This high demand makes J Tower 3 stand out, offering a golden opportunity for investors seeking strong rental income and resale potential. Starting from 360,000 USD, J Tower 3 delivers spacious three-bedroom apartments at prices that compete with much smaller units in the market.For example, many high-end developments in Phnom Penh offer three-bedroom units priced between 540,000 and 800,000 USD, which are often smaller and less spacious. J Tower 3 flips this trend, giving buyers more space for less cost per square meter, ensuring both comfort and value. This combination of affordability and size positions J Tower 3 as a prime choice for buyers and renters alike.Proven Developer Track RecordJ Tower 3 is the third project by a developer known for delivering exceptional value. The predecessor, J Tower 2, has achieved remarkable occupancy rates and consistently high rental demand. With the same commitment to quality and management, J Tower 3 is poised to outperform its predecessors, offering buyers peace of mind and a track record of proven success.Unmatched Features and FacilitiesJ Tower 3 combines luxury living with practicality:Renowned Japanese Developer: Known for delivering properties with exceptional quality, ensuring strong rental yields and high resale value. Their reputation for reliability and attention to detail makes them a trusted choice for investors and residents alike.Occupancy Rates: Units in previous projects have consistently shown strong rental performance, reflecting their popularity and high demand. For J Tower 1, rental prices range from $500 to $800, while J Tower 2 offers rental prices between $1,200 and $1,600, both maintaining high occupancy rates. This track record underscores the investment value and tenant appeal of these properties.Quality Management: J Tower 3 ensures top-tier property management with a focus on regular maintenance, efficient services, and 24/7 professional support. Its commitment to excellence enhances both resident satisfaction and investment value.Value for Money: Why Bigger is BetterWhen comparing J Tower 3 to other high-end developments, the space advantage is clear. While three-bedroom units in other projects often come at a premium price, J Tower 3 offers much larger units at a lower price per square meter.Although the initial price tag might seem higher, the value is undeniable when you consider the generous floor plans, high-quality finishes, and lower long-term costs. Buyers enjoy lower gross and net prices because of the larger unit sizes, making this a smarter investment over time.For context, three-bedroom units in Phnom Penh’s high-end developments typically start at 540,000 USD, with some reaching as high as 800,000 USD for smaller spaces. J Tower 3 challenges this trend by offering a starting price of 360,000 USD for significantly larger, more livable apartments. This unique positioning ensures J Tower 3 isn’t just another luxury development—it’s a category-defining opportunity.At Realestate.com.kh, we provide expert insights into Cambodia’s real estate market, helping you make informed decisions. Whether you’re seeking a home or an investment, J Tower 3 combines market demand, premium quality, and investment potential—an unbeatable combination for local buyers.Find your future in Cambodia’s tallest icon. Visit Realestate.com.kh today to learn more about J Tower 3!

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Cambodia Embraces Crypto Assets: A Regulated Start to a Digital Future

December 30, 2024, 8:06 a.m.

Cambodia has taken its first steps into the world of cryptoassets, allowing limited transactions under centralized regulation. The National Bank of Cambodia (NBC) now permits commercial banks to handle Group 1 crypto assets, including tokenized securities and stablecoins, marking a significant milestone in the country’s financial evolution.Cryptocurrencies, digital currencies powered by decentralized computer networks called blockchains, are transforming the global financial landscape. Widely used for trading, payments, and investments, these assets have grown in popularity as innovative platforms enable users to transact seamlessly across borders. A Regulated Introduction to CryptoassetsHistorically, Cambodia banned cryptocurrency transactions and trading, citing concerns about money laundering, fraud, and illegal activities. By introducing this controlled framework, NBC aims to mitigate these risks while offering a regulated entry point into the world of digital assets. This marks a significant departure from the country’s previous stance, showcasing its willingness to adapt to the evolving financial landscape.Under the Prakas issued on December 26, 2024, commercial banks must obtain prior approval from NBC to engage in cryptoasset activities. Group 1 assets, backed by traditional financial instruments or stablecoins, are the only type approved. This careful regulatory approach aims to promote accessibility while maintaining security and stability in Cambodia's financial ecosystem.However, this proclamation explicitly prohibits commercial banks from holding two categories of cryptocurrencies: unbacked cryptoassets and high-risk digital currencies, such as Bitcoin. This measure is aimed at mitigating potential risks associated with volatility, fraud, and other financial vulnerabilities linked to these types of assets.Realestate.com.kh: Embracing the Digital FutureThis milestone also opens new opportunities for sectors like real estate. Platforms like Realestate.com.kh have already adopted crypto payments, allowing buyers to purchase properties using digital assets. This innovation reflects the growing integration of crypto assets into everyday transactions, offering a glimpse into a more digitized future for Cambodia’s economy.Opportunities and Challenges AheadWhile centralization provides consumer protection and reduces fraud risks, it also raises concerns about limited user autonomy and potential restrictions. For banks, however, this shift introduces new revenue streams, ensuring their relevance in the digital economy.At the same time, NBC’s move aligns with its efforts to preserve the riel’s role as Cambodia’s national currency. By positioning crypto assets as investment vehicles rather than payment methods, the riel remains central to daily transactions, minimizing competition.A New Chapter for Cambodia’s Financial LandscapeThe introduction of cryptoassets in Cambodia represents a cautious but forward-looking approach to innovation. It sets the stage for greater financial inclusion, increased foreign interest, and enhanced digital literacy, signaling a promising start to a new era in the country’s economy.With platforms like Realestate.com.kh leading the way, this shift also symbolizes the dawn of a more connected and digitized Cambodia, where crypto plays an integral role in shaping the future.

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The first-ever seaside market in Cambodia has officially launched in the Dara Sakor area, Koh Kong Province

December 24, 2024, 3:03 a.m.

Koh Kong- Coastal City Development Group Co., Ltd., a leading developer in Cambodia, has announced the launch of its new commercial project, "King's Island Market." Situated in the rapidly developing Dara Sakor area of Koh Kong Province, this project covers 1.7 hectares and is Cambodia's first seaside market. The project integrates commerce, culture, and tourism into a single hub. Located in the prime area of Dara Sakor, it is expected to become a key commercial and tourism destination, offering an exceptional experience for both domestic and international visitors.About the DeveloperCoastal City Development Group Co., Ltd. is a pioneer in Cambodia, known for developing major projects such as Dara Sakor International Airport, the International Deep-Sea Port, hydropower plants, luxury hotels, resorts, and high-quality roads like the Phutong Highway. These initiatives have significantly boosted the tourism potential and overall development of Koh Kong Province.About the ProjectKing's Island Market is designed to meet the needs of the local population and domestic and international tourists visiting the area. It features an ideal location with pristine beaches and offers affordable opportunities for businesses and tourists. The project also has convenient connections to major attractions, including King's Island, other nearby islands, a Go Kart racing track, and Buntham Park.Market FeaturesThe King's Island Market will become a vibrant tourist destination, offering 310 business spaces for various purposes. It provides diverse and convenient services for visitors to Koh Kong Province, including those exploring King's Island and neighboring islands. The market offers a range of shop sizes, from 12 square to 108 square meters, catering to different business needs. Highlights include fresh seafood, local delicacies, souvenir shops, and artisan crafts, making it a must-visit spot for both local and international tourists.Economic ImpactThe project is expected to become a significant attraction in Koh Kong Province and contribute to the area's economic growth. Similar to the famous Crab Market in Kep, the King's Island Market is anticipated to draw large numbers of tourists and enhance the local economy effectively. It aligns with the government’s policy to promote tourism and sustainable development in the region.For more information, please contact via: Phone Number: +855 98 708 898Telegram: https://t.me/kohsdachportmarketTikTok: https://www.tiktok.com/@kohsdachportmarket?_t=8sAj7PpFuLv

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Cambodia’s Trade Volume Reaches $50 Billion Amid Strong Growth

December 18, 2024, 6:39 a.m.

According to the General Department of Customs and Excise (GDCE), Cambodia’s international trade surged to nearly $50 billion in the first 11 months of 2024, reflecting a 17.4% increase compared to the same period in 2023. Exports accounted for 48% of the total trade volume, with exports and imports reaching $23.93 billion and $25.94 billion, respectively.Trade HighlightsThe rise in trade volume underscores Cambodia’s growing production capacity and the diversification of its export portfolio. Key export products include garments, footwear, travel bags, tires, rubber products, and electronics. The garment sector, a cornerstone of Cambodia’s economy, supports approximately 800,000 jobs and remains a major driver of export revenues.Despite this growth, the trade deficit widened to $2.01 billion, up from $1.51 billion during the same period in 2023. This indicates a need for further development in domestic production and value-added industries to reduce reliance on imports.The Role of Free Trade AgreementsCambodia’s involvement in several free trade agreements (FTAs) has played a crucial role in expanding its export markets. Agreements such as the Cambodia-China FTA (CCFTA), Cambodia-Korea FTA (CKFTA), and the Regional Comprehensive Economic Partnership (RCEP) have opened doors to trade opportunities with key global players.These agreements and improvements in infrastructure and investment laws have shifted Cambodia’s trade strategy. The country is no longer solely reliant on traditional markets like the US and Europe but is expanding into Asia-Pacific and other regions.Opportunities for GrowthTo further strengthen export revenues and reduce the trade deficit, Cambodia focuses on boosting agricultural exports and integrating domestically produced raw materials into its manufacturing processes. Sectors such as rubber processing and tire manufacturing are examples of how the country leverages its natural resources to create export-ready products.With steady growth in trade and investment, Cambodia’s economic outlook remains promising. Strategic policies, combined with infrastructure upgrades and active participation in FTAs, are setting the stage for continued trade expansion in the years ahead.For more updates on Cambodia’s trade and economic growth, visit Realestate.com.kh!

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Phnom Penh's Top Condo Projects Ready for Handover in 2025!

March 24, 2025, 7:37 a.m.

As 2025 approaches, Cambodia's real estate market continues to grow, attracting investors from around the world. Things like relatively low property prices, easy investment law, and the chance to earn good rental income are appealing to both residents and investors. There will be a lot more condos available in Phnom Penh as well as the market continues to progress. With that in mind, Realestate.com.kh will explore some of the main projects that are expected to finish in 2025!Le Conde BKK1Le Conde BKK1, a 43-story mixed-use landmark in Phnom Penh’s BKK1 developed by Wangfu International Real Estate Development Co., Ltd, offers luxury living with smart home-equipped units, featuring premium amenities, including an infinity pool, sky bar, gym, sky garden, concierge services, and ample parking.Located in BKK1Payment Term: 30% down payment, Installment up to 38 months interest-freeEstimated Handover: Starting from March 2025Time Square 306 (Time Square 5) Time Square 306, commonly known as Time Square 5, is the the fifth project by Megakim World Corp.,. It is a newly topped-out condominium in Phnom Penh’s prime BKK1 district, offering a prime location for homeowners and expat renters.Located in BKK1Payment Term: 30% down payment, up to 12 months interest-free installment Estimated Handover: Dec of 2025Diamond Bay Garden If you're looking for stunning views, Diamond Bay Garden is the place to be. Located in Koh Pich, this development offers breathtaking views of the river. But it's not just about the scenery. Residents also have access to a range of top-notch amenities. Plus, it's conveniently located near malls for shopping, schools for families, and embassies.Location: Diamond Island/Koh Pich (located near all of the top districts like BKK1)Payment Term: 10% down payment, up to 23 months of installmentEstimated Handover: Starting from February 2025 (the first 2 floors of the building has already been handed over)Urban Village Phase 2 Urban Village Phase 2 builds on the success of Phase 1 with two elegant 51-story towers offering 1,700 luxury units at competitive prices. Located along Hun Sen Boulevard, commonly known as the 60-meter road, the project is strategically located near large supporting facilities such as Aeon 3 and is only a 10-minute drive from the city center, making it an ideal choice for those seeking a modern and convenient living. Located on the Hun Sen Boulevard roadA convenient location with a huge community surrounded by international schools like ISPP, community grounds like The Factory, and many more!Payment term: 30% down payment, with a flexible installment termEstimated Handover: Starting from December 2024 up until early 2025Royal Platinum CondominiumRoyal Platinum Condominium, a luxury mixed-use development in Phnom Penh’s Toul Kork district, offers 851 elegantly designed residences, from studios to four-bedroom penthouses. Developed by Royal Hong Lai Huat One, it blends comfort and sophistication with a unique X-shaped layout!Location: Toul Kork, close to TK Avenues and many more lifestyle facilitiesPayment term: 15% down payment, up to 29 months of interest-free installmentsEstimated Handover: Early 2025 (Some of the units have been handed over already)La Vista OneLa Vista One consists of twin towers that stand as landmarks in Phnom Penh’s Chroy Changvar district. Rising to a height of 140 meters, they are located at the meeting point of the Mekong and Tonle Sap Rivers. The location is surrounded by government offices and high-end residences. Residents can enjoy amazing views of both the city and the rivers.Location: Chroy Changva, with a great river viewSupport a 30% down payment and up to 36 months of interest-free installmentsEstimated Handover: Early 2025 (Some of the units have been handed over already)--------------------Learn more about all of the upcoming projects and contact us now!Phone: +855 92 92 1000Email: info@realestate.com.khFor agents and agencies wanting more informationPhone: +855 78 65 32 26Email: phany.chuon@realestate.com.kh

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Techo International Airport: How Cambodia’s New Gateway Will Boost the Economy, Travel, and Real Estate

December 4, 2024, 4:00 a.m.

Imagine an airport designed to connect Cambodia to the world seamlessly while transforming the local economy as well. That’s exactly what Techo International Airport (TIA) promises. As Cambodia’s largest and most modern airport, this highly developed project near Phnom Penh is much more than a place to catch flights—it’s a driver of economic growth, tourism, and urban development. Today, Let’s dive with Realestate.com.kh into why TIA is such a game-changer for the country!A Giant Leap for Cambodia’s ConnectivityLocated just 20 kilometers south of Phnom Penh in Kandal Province, Techo International Airport will replace Phnom Penh International Airport as Cambodia’s central aviation hub. Let’s get to know a bit about the airport itself. Set to launch in early 2025 for the first phase, the airport is built to handle 13 million passengers annually and aims to increase to 30 millions in the second phase then with a long-term capacity of 50 million passengers per year by the last phase in 2050. With multiple runways capable of accommodating the largest aircraft, like the Airbus A380, TIA will attract more long-haul international carriers. Automated immigration gates, mobile apps for seamless check-ins, and smart luggage tracking will enhance the travel experience for visitors. By increasing direct flights to major cities worldwide, TIA will put Cambodia firmly on the global travel and business map as well. Boosting the Economy and Creating JobsThe economic impact of Techo International Airport is expected to be massive. Experts estimate that the airport and its surrounding projects will contribute up to 5% to Cambodia’s GDP growth annually in the years following its opening. Here’s how the airport will deliver:International Trade and Investment: With advanced cargo facilities, TIA will become a critical hub for Cambodian exports like textiles, rice, and electronics. Better logistics will attract foreign investment, particularly in manufacturing and e-commerce.Tourism Boom: According to the Ministry of Tourism annual reports, Cambodia welcomed over 6.6 million international tourists in 2019, contributing around $5 billion to the economy. With TIA enabling more direct flights, the country hopes to exceed these numbers, especially as post-pandemic tourism rebounds.Job Creation: The airport is expected to create thousands of jobs—from construction workers during its build phase to aviation professionals, retail staff, and hospitality workers once it’s operational.A Tourist-Friendly Visa ProcessTravelers to Cambodia will find it easier than ever to visit, thanks to TIA’s streamlined visa process. E-Visas and Visa-on-Arrival systems integrated with airport technology will speed up immigration, reducing wait times and enhancing traveler satisfaction. The government plans to promote longer tourist stays and repeat visits, boosting spending in key sectors like hospitality and retail.Real Estate Transformation: Opportunities Near TIAWith all this development, the area around Techo International Airport is rapidly becoming a hotbed for real estate investment. Here are two standout projects:Borey Chankiri: Nestled close to the airport, Borey Chankiri is a thoughtfully designed residential project that offers modern homes surrounded by green spaces. Perfect for families and professionals, it combines sustainability with easy access to Phnom Penh and TIA. Learn more about Borey Chankiri. R&F City Miro: A premium mixed-use development featuring luxurious apartments and commercial spaces, R&F City Miro caters to high-end buyers and investors. Its location near the airport makes it ideal for frequent travelers and expatriates. Check out more about R&F City Miro. Both of these projects showcase how the area is evolving into a dynamic urban hub, with rising property values making now the perfect time to invest.The Bigger Picture: What TIA Means for CambodiaTecho International Airport is more than just a new airport—it’s a launchpad for Cambodia’s ambitions on the world stage. By improving connectivity and modernizing infrastructure, TIA is helping to position Cambodia as a key player in Southeast Asia. For instance, the increased trade, tourism, and investment generated by TIA could add billions of dollars to Cambodia’s economy annually while the airport will also strengthen Cambodia’s role in the ASEAN region, making it easier to host international business events and conferences.Additionally, the recent launch of the Kbal Thnal Bridge further complements TIA’s connectivity benefits. This bridge significantly reduces travel time between Phnom Penh and key surrounding regions, providing smoother access to the airport and nearby developments. Together, these infrastructure projects create a comprehensive network that supports economic growth and urban mobility.By aligning with smart and green development principles, TIA ensures sustainable growth that benefits not just businesses but also local communities.Ready to Explore Opportunities Near TIA?Techo International Airport is a symbol of progress for Cambodia, promising to transform the way people travel, do business, and live. With its ability to attract global attention and local opportunities, it’s not just an airport—it’s the future. Now’s the time to be part of this exciting journey.If you’re excited about what Techo International Airport could mean for Cambodia—and for you—take a closer look at real estate projects nearby. Whether you’re interested in family-friendly homes like Borey Chankiri or luxurious living at R&F City Miro, you can find your perfect property on Realestate.com.kh!

Land Registration And Certification in Cambodia

Land Registration And Certification in Cambodia

January 2, 2025, 7:13 a.m.

There is a target from the Royal Cambodian government to map and have all land titles approved and issued over the next few years, and although the Ministry of Land Management, Urban Planning and Construction (MLMUPC) has implemented digitalisation improvements, the registration of land in Cambodia is still time-consuming.So far in 2024, 2,633 investment projects have been approved in the construction which cover a total area of more than 10 million square meters, which is down from 12 million square meters in 2023.Land Title Certificates Distribution To Be Completed by 2027Cambodian Prime Minister Hun Manet announced in November 2024 that the aim is to have the distribution of land title certificates completed before the end of 2027. This was announced at the annual meeting of the Ministry of Land Management, Urban Planning and Construction (MLMUPC).The timing has been targeted as it will be the 40th anniversary of former prime minister Hun Sen initiating the granting of private ownership of land to Cambodian citizens.Minister H.E. Say Samal reaffirmed the government’s commitment to completing the land registration process and emphasised its importance in “promoting stability, development, and equitable land use across the nation.”At the meeting, Hun Manet encouraged the Cambodian provincial and municipal governors to actively ensure the issuance of land title certificates for the citizens.Over the past year, the government has measured and registered more than two million plots of land.Nearly 590,000 new land titles have been issued.A further 1 million parcels of land are still to be surveyed and demarcated.Kampong Cham province was the first province to complete all land surveys and demarcations.In Mondulkiri province, nearly 90,000 hectares of land have been surveyed and registered, with more than 40,000 land ownership certificates issued. A total of 331,439 hectares of state land are registered, representing around 18% of the total area.Government Spokesperson H.E. Pen Bona said this is vital for preparing detailed administrative maps, infrastructure blueprints, and land use master plans, ultimately enhancing citizens’ livelihoods and economic opportunities.In total, Cambodia has registered over 7.7 million private land parcels and to date, the ministry has issued 7 million land titles and surveyed 3 million new parcels.The Ministry also has a target to complete all land registration by 2025 which is intended to resolve all land disputes and strengthen land rights and management.In 2024, The MLMUPC confirmed that Cambodia has attracted US $4.3 billion of investment capital from the construction sector in 2024. Land Disputes To Be SettledFor the issuance of state and collective land certificates, there have been 15,690 reported land disputes, of which 14,919 cases have been resolved, leaving 1,041 disputes still under review. Prime Minister Hun Manet confirmed that the Royal Government plans to allocate approximately US $100 million for land demarcation to resolve land disputes.He said, “In this new mandate, we have prepared 5,000 officers to work (measure and demarcate the boundaries). I have approved an increase in the budget, and we plan to allocate US $100 million to complete this task.”MLMUPC Digitisation Although there have been efforts by the MLMUPC to offer more digitised services, registering land in Cambodia still requires boots on the ground and an in-person visit to the ministry which can be time-consuming.In September 2024, the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) launched a new suite of digital public services as it embarked on its ongoing digital transformation, aligning with the Royal Government’s Pentagon Strategy for Economic Development and Digitalization.The digital transformation is intended to streamline public access to land management services.The procedural flow of services entails 5 steps from creating an account, applying online with all documentation and selecting the service:Vente and Donation Definitive ServicesHypothec and Mortgage ServicesDocuments Tracking Via QR CodeDocuments Saved and Requested andDeclaration of Adjudication AreasOnce requested and accepted, the applicant will receive a notice to pick up their final documents and pay the service fees at the Phnom Penh Department of Land Management, Urban Planning, Construction and Cadaster.Adding QR Codes to Land CertificatesThe MLMUPC and the Ministry of Post and Telecommunication (MPTC) have been working together to standardise QR codes and add them to land certificates which can more easily authenticate important information via the government’s verify.gov.kh. This document verification platform was launched alongside the cmhl.gov.kh, to identify property location in the Kingdom.The idea is that property owners with land certificates can go to the MLMUPC’s website to look up their land information such as location, area, and type of land among others by typing in the number of their land certificate and a security code. This forms part of the priority actions in accordance with the Cambodia Digital Government Policy 2022-2035 of the government’s Pentagonal Strategy-Phase 1. Titled, “Cambodia: My Homeland” the combination of QR codes linked to blockchain technology is intended to ensure secure and verified documentation.Under the system, the property owners can request public services regarding land administration by paying a service fee of 20,000 riels (approximately US $5) and pay digitally via e-banking services such as ABA Pay, Wing, VISA, and MasterCard. You can read more to understand the differences between Land Titles in Cambodia.

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Diamond Bay Garden: Mekong Views and Central Living in Phnom Penh

November 26, 2024, 2:16 a.m.

Located in Phnom Penh’s Koh Pich district, Diamond Bay Garden stands as a beacon of modernity and comfort. The 39-story, award-winning waterfront tower combines sleek amenities with contemporary features, offering residents a range of living options, from cosy studios to family-friendly three-bedroom units. With its prime location at the confluence of the Mekong, Tonle Sap, and Bassac Rivers - Diamond Bay Garden boasts panoramic views of Phnom Penh’s bustling cityscape and the three rivers, creating a balance of urban living and scenic landscape. Beyond the residences, the condominium offers exclusive amenities, including a swimming pool facing the Bassac River, a fully equipped fitness centre, and a Sky Bar and Restaurant, making Diamond Bay Garden a destination for comfort and community.The Koh Pich Central Business DistrictKoh Pich is increasingly becoming one of Phnom Penh’s most desirable locations. As a vibrant and emerging Central Business District (CBD), Koh Pich offers an array of lifestyle, educational, and commercial conveniences that cater to the diverse needs of its residents, and provide long-term investment opportunities. Diamond Bay Garden stands as a gateway to this thriving CBD, allowing direct access to landmarks, lifestyle facilities, and numerous food and beverage options from international coffee chains like Starbucks Reserve to local eateries, and business centres.A Prime Location for Living, Working, and ConnectingDiamond Bay Garden’s location within Koh Pich brings attractive amenities right to residents' doorsteps, offering direct access to top-tier schools, over eight hectares of parks, riverwalks, green areas, premium office spaces, shopping venues, embassies, and state-of-the-art hospitals. Koh Pich’s gradual evolution into a fully integrated CBD has enabled residents and investors to find a “live-work-play” environment with some of Phnom Penh’s finest offerings only minutes away.Coconut Park: A popular outdoor green space within Koh Pich - Coconut Park provides a tranquil oasis for visitors of all ages. This lush area is perfect for weekend picnics, families, pets, pop-up retail, sports, and community gatherings—making it one of the rare green spaces in Phnom Penh.International Schools and Higher Education: For parents, access to quality education is a priority. The Canadian International School (CIS), French International School (EFI), and DeMontfort University offer world-class curriculums right within Koh Pich. Known for their top-tier facilities and commitment to academic excellence, these institutions are among the best choices for both expatriate and local families.High-Grade Offices: Koh Pich CBD boasts over 700 businesses, from Fortune 500 companies to innovative start-ups, creating a dynamic professional ecosystem. Residents of Diamond Bay Garden are minutes from premium and sustainably designed office spaces, and investors stand to benefit from the presence of over 7,000 professionals working in Koh Pich.Concerts, Events and Leisure: As one of Phnom Penh’s premier destinations for entertainment, Koh Pich hosts concerts featuring local and international stars alike, including Cambodian artists like Mann Vannda and Aok Sokunkanha, as well as global icons like Manny Pacquiao, PSY, and Jessie J. Entertainment Venues in the Koh Pich CBD routinely welcome over 20,000 visitors during events. Beyond concerts, from Google Cloud gatherings to the Ethereum Foundation conferences and large construction fairs - Koh Pich has hosted events from a wide range of industries and sectors. For residents of Diamond Bay Garden, this translates to lively entertainment and valuable networking opportunities within walking distance.The DeveloperDiamond Bay Garden is the collaboration between two prominent players in the real estate industry: Overseas Cambodian Investment Corporation (OCIC) and The Ascott Limited.OCIC: As a pioneer in Cambodian infrastructure and real estate, OCIC has played a significant role in the country’s transformation, delivering a series of iconic projects. With over 25 years in operation, OCIC has completed more than 50 projects across Cambodia, including prestigious residential complexes, commercial spaces, and major infrastructure like the Techo International Airport and the Norea Cable Bridge.The Ascott Limited: Managing the Guaranteed Rental Return (GRR) units located between floors 27 to 37, as well as the Sky Bar and Restaurant under the Somerset Diamond Bay Garden brand, is The Ascott Limited - a globally recognized name in the hospitality industry. With over 830 properties across 40 countries, Ascott brings deep expertise in property management. The GRR units offer investors bi-annual rental payments totalling 70% over ten years, ensuring both consistent returns and ease of management.Together, OCIC and Ascott bring a blend of local and global expertise to Diamond Bay Garden.Where Rivers Meet CityDiamond Bay Garden presents a promising opportunity in Phnom Penh’s real estate market, combining modern living spaces with a prime location in Koh Pich’s CBD. Whether you’re an investor seeking returns or a resident searching for the ideal home, Diamond Bay Garden offers a strong mix of lifestyle and value.

why-you-should-choose-le-conde-bkk1

It’s More Than Enough! - The Art of Living Well with Le Conde BKK1 in Phnom Penh’s Most Desired District

November 22, 2024, 7:43 a.m.

Located in the heart of this vibrant area, known for its international dining, boutique shops, and proximity to key landmarks, Le Conde BKK1 offers the perfect balance between urban connectivity and thoughtfully curated living spaces.Le Conde offers a variety of thoughtfully designed units to suit different lifestyles and needs. With over 1,000 units across its elegant high-rise, the development features studio apartments, one-six bedrooms unit, each carefully planned to maximize space and functionality. As of October 2024, the project has reached 90% construction completion and is ready to hand in by early 2025, reflecting the developer's commitment to quality and timely delivery. WANG FU GUO JI PROPERTY DEVELOPMENT CO., LTD is known for its expertise in creating high-quality residential projects, ensuring that Le Condé BKK1 meets the expectations of modern urban living.Boeung Keng kang 1 or BKK1 is Phnom Penh’s most wanted neighborhood for a reason. Its mix of cultural landmarks, trendy cafés, and high-end shopping make it the center of the city’s urban growth. Le Conde is ideally positioned to give residents access to everything the district offers. Whether it’s a quick trip to AEON Mall, a leisurely evening walk to Independence Monument, or enjoying the district’s diverse culinary scene, residents are always connected to the best of Phnom Penh.Beyond the homes, Le Conde offers a wide range of amenities that elevate everyday living. The rooftop infinity pool provides stunning views of Phnom Penh, while the fully equipped gym caters to fitness enthusiasts. Shared spaces like the reading lounge and multi-purpose halls encourage a sense of community, and professional concierge services handle the small details, allowing residents to focus on what truly matters. As Cambodia’s leading real estate platform, Realestate.com.kh is proud to showcase Le Conde BKK1 as one of Phnom Penh’s most promising developments. With a proven track record of connecting buyers, developers, and agents, Realestate.com.kh ensures that projects like Le Conde BKK1 are accessible to local and international investors seeking quality homes or high-potential investments.To sum up, Le Conde exemplifies the art of living well—offering not just a residence but a thoughtfully designed lifestyle in Phnom Penh’s most dynamic district. Explore this unique opportunity through Realestate.com.kh and discover why it’s more than enough for those who value modern urban living.

groundbreaking-event-of-the-flora-suites-and-mercure-hotel

Mercure Hotel Phnom Penh Breaks Ground: A 4-Star Addition to BKK1’s Skyline by The Flora and Accor

November 7, 2024, 10:06 a.m.

An internationally modern, 4-star, 36-story hotel has officially groundbreaking alongside The Flora Suites condo in the prime area of Boeung Keng Kang 1, Chamkarmon district.The Flora, a major real estate development company, has partnered with Accor Group to initiate the construction of a 130-meter-tall, 36-story international 4-star hotel named Mercure Hotel Phnom Penh. This hotel, featuring 200 rooms, is located at the intersection of Street 392 and Street 71, in the Boeung Keng Kang 1 area, Chamkarmon district, Phnom Penh.The official groundbreaking ceremony for Mercure Hotel Phnom Penh was held on the morning of Thursday, November 7, 2024, with the presence of prominent figures including Oknha, distinguished guests, national and international dignitaries, and business partners.Oknha Lim Koklong, CEO of The Flora, warmly welcomed all distinguished guests at the groundbreaking ceremony. According to him, the Mercure Hotel Phnom Penh is being constructed alongside The Flora Suites condo, also a 36-story building located in the highly desirable Boeung Keng Kang neighborhood near the Chea Sim Boeung Keng Kang High School in Boeung Keng Kang 1.Mercure Hotel Phnom Penh, part of Accor Group’s 5,300 hotels across 45 brands in 110 countries, will feature over 200 rooms, a multi-purpose hall, fine dining (Omakase/VIP Party Room), a café, fitness club, spa, sauna, library, swimming pool, children’s playground, and extensive parking facilities for cars and motorcycles.Oknha Lim Koklong further highlighted that Mercure Hotel Phnom Penh contributes to national development by providing employment and human resource growth, aligning with the Royal Government’s strategic pentagon for the 7th mandate under Prime Minister Hun Manet.The unique aspect of Mercure Hotel Phnom Penh and The Flora Suites condo is that these adjacent buildings complement each other, providing residents of The Flora Suites with access to Mercure Hotel’s services, including accommodations, dining, and more, without needing to leave the premises.About The Flora: • With over ten years of investment in Cambodia, The Flora has successfully developed three major real estate projects, including the extensive Borey The Flora project, which spans approximately 200 hectares along National Road 6A in Chroy Changvar district. • Leveraging years of real estate experience, customer trust, and the resurgence in Cambodia’s real estate and hospitality sectors, The Flora has partnered with Accor Group to officially break ground on the 36-story, 4-star Mercure Hotel Phnom Penh in Boeung Keng Kang 1, Chamkarmon district. • In addition to real estate and hospitality success, The Flora also serves as the distributor for BYD vehicles, with branches on Preah Monivong Boulevard and in Chbar Ampov district.

how-cambodia-is-becoming-the-next-singapore

Emerging Giant: How Cambodia is Following in Singapore’s Footsteps

November 26, 2024, 8:28 a.m.

Over the past few decades, Cambodia has experienced transformative growth, moving from a country known for its rich cultural heritage to an emerging economic hub in Southeast Asia. As Cambodia modernizes, many are beginning to wonder: Could Cambodia be the next Singapore?To answer this, let’s explore the key areas where Cambodia is showing rapid progress and development that hint at a similar path Singapore took.1. Economic Growth and DevelopmentAccording to the world bank, Cambodia's economic landscape has undergone significant transformation over the past two decades. Between 1995 and 2019, the country achieved an average annual GDP growth rate of 7.6%, positioning it among the fastest-growing economies globally. This economic progress has been sustained by strategic investments in sectors such as real estate, tourism, manufacturing, and the growing digital economy. Foreign direct investment (FDI) has been pivotal, with China as a primary contributor, investing significantly in infrastructure projects, real estate developments, and manufacturing since 2005. As of 2022, Cambodia's FDI inflows were approximately $3.58 billion, a testament to the country's growing appeal as an investment destination (Statista, 2022). Other countries, such as South Korea and Japan, have also made substantial contributions, particularly in real estate, agriculture, and finance. This flow of FDI has created job opportunities, expanded Cambodia’s middle class, and fueled demand for urban infrastructure in rapidly developing cities like Phnom Penh and Sihanoukville.Additionally, Cambodia’s strategic location in Southeast Asia provides easy access to major sea lanes which provides easy access to essential trading routes, enhancing its appeal as a regional hub. In a way similar to Singapore, Cambodia is leveraging its geographical location to attract foreign investments and foster economic integration within ASEAN.2. Real Estate Boom and UrbanizationCambodia’s real estate sector is experiencing a period of rapid growth, particularly in its capital, Phnom Penh. High-rise buildings, luxury condominiums, and mixed-use developments are transforming the city’s skyline, indicating a thriving demand for both residential and commercial properties. Districts such as Toul Tum Poung and Boeung Keng Kang (BKK1) have emerged as vibrant hubs for new projects, drawing both local and international investors who recognize Phnom Penh’s potential as a rising urban center (CBRE Cambodia, 2023).This growth is further supported by major infrastructure projects aimed at enhancing connectivity and accessibility. Notable developments include new road networks, the construction of the Techo Takhmao International Airport, and extensive expressway systems. The Techo Takhmao International Airport, scheduled to open in phases beginning next year, is expected to initially accommodate 13 million passengers, with a projected expansion to 50 million by 2050 (The Sun, 2024).At the center of this real estate expansion is Realestate.com.kh, Cambodia’s leading online real estate platform. By providing a trusted, accessible marketplace, Realestate.com.kh connects developers, agents, and buyers, facilitating property transactions on a national scale. As the exclusive marketing partner for many major projects, Realestate.com.kh is instrumental in driving awareness and building demand for new developments across Cambodia. This role not only aids in promoting high-quality projects but also strengthens investor confidence by ensuring a streamlined and transparent buying process.Realestate.com.kh’s Connect Center has also been a game-changer, creating a space where agents and developers receive support, professional training, and access to the best tools for reaching potential buyers. This initiative is enhancing service standards across the industry, helping Cambodia’s real estate sector grow more connected, professional, and investor-friendly.For buyers and investors, this real estate boom represents a promising opportunity. As property values in Phnom Penh continue to appreciate, developments are emerging that combine luxury living with affordability, attracting both high-end investors and young professionals. New projects are being introduced with attractive starting prices, making the dream of urban living more accessible. From affordable condos to upscale residences, the real estate market in Cambodia is evolving to cater to a diverse range of buyers, much like the early years of Singapore’s property development boom.With these factors in play, Cambodia’s real estate market is poised for sustained growth. Investors looking for high returns are increasingly drawn to the country’s affordable property prices, strategic location, and rapidly expanding urban infrastructure. Realestate.com.kh’s expertise and influence in the market will likely continue to drive this sector forward, solidifying Cambodia’s place as a future economic and urban powerhouse in Southeast Asia.3. Tourism and Cultural AppealTourism remains a significant driver of Cambodia’s economy. In 2023, Cambodia welcomed approximately 5.43 million international tourists, marking a notable increase of 139.5% from the previous year’s 2.27 million arrivals, highlighting the resilience and importance of the sector (Tourism Cambodia, 2023). While the iconic Angkor Wat continues to attract global attention, Cambodia is diversifying its tourism portfolio with new developments in eco-tourism resorts, cultural heritage sites, and luxury hospitality projects. For instance, eco-tourism initiatives saw a 250% increase in visitors, with 341,621 domestic and foreign tourists recorded in the first four months of 2022 compared to the same period in 2021 (B Consulting Cambodia, 2022).Singapore’s success as a tourism destination was also built on a mix of cultural heritage, innovative attractions, and exceptional hospitality. Cambodia is following suit, broadening its tourism appeal and creating sustainable tourism experiences that highlight its cultural and natural assets.4. Emphasis on Digital TransformationThe digital economy is a priority for Cambodia’s government as it works toward a more connected future. Initiatives to promote digital literacy, expand internet access, and encourage technology startups are gaining momentum. Programs like the Cambodia Digital Economy and Society Policy Framework 2021–2035 set ambitious targets for digital transformation, aiming to make Cambodia a leader in Southeast Asia’s digital landscape. Singapore’s own transformation into a digital economy powerhouse was driven by government support for technology adoption, education, and infrastructure. Cambodia’s current path mirrors this with a focus on digital skills development, e-commerce growth, and tech innovation.5. Special Economic Zones (SEZs) and Free TradeCambodia has established several SEZs, which offer tax incentives and infrastructure support to attract foreign companies. These zones are part of Cambodia’s strategy to create a competitive manufacturing base, particularly in garment manufacturing, electronics, and automotive parts. With the signing of free trade agreements with China and South Korea, Cambodia is positioning itself as a gateway for goods and services into ASEAN markets.Singapore’s economic success was largely based on its ability to leverage trade agreements and offer business-friendly environments for foreign companies. Cambodia is pursuing a similar strategy, striving to create a more open and efficient economy that attracts global investment.6. Commitment to Education and Skill DevelopmentSingapore’s rise was fueled by investments in education and a focus on skills development. Cambodia is beginning to make strides in this area as well. The government, with the support of international partners, is investing in education reforms aimed at improving literacy, digital skills, and vocational training. New universities and technical institutes are emerging to meet the needs of a growing workforce that is increasingly connected and tech-savvy.While Cambodia’s education system still faces challenges, these efforts show a commitment to building a skilled workforce. As more young Cambodians enter the job market with relevant skills, the country’s economy will benefit from a talent pool that supports its growing industries.7. Future OutlookIn the years ahead, Cambodia has the potential to emerge as a competitive player in Southeast Asia’s economy. With the right mix of government policies, foreign investments, and local initiatives, Cambodia could indeed chart a path similar to Singapore’s. By embracing modernization while preserving its unique culture, Cambodia has the opportunity to create its own success story and become a dynamic, prosperous nation.Conclusion: Cambodia’s Journey Toward a Bright FutureWhile Cambodia may not yet be “the new Singapore,” its transformation is certainly capturing the world’s attention. With robust economic growth, a thriving real estate market, digital transformation, and a commitment to sustainable development, Cambodia is well on its way to becoming an influential player in the region. The next decade will be crucial, as Cambodia continues to build on its strengths and address its challenges.As investors, citizens, and stakeholders, supporting Cambodia’s vision for the future is essential. Through strategic planning, innovation, and international partnerships, Cambodia can build a future that rivals the success of its Southeast Asian neighbors, including Singapore.

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Agents, Partners, and Prizes: Time Square 8 Launch Event Celebrates Industry Unity

October 28, 2024, 2:14 a.m.

Last friday’s highly anticipated launch of Time Square 8 was more than just the unveiling of Phnom Penh’s latest urban living project—it was a clear demonstration of the growing power of partnerships within Cambodia’s real estate market. As the exclusive marketing partner for Time Square 8, Realestate.com.kh played a pivotal role in driving the buzz and success surrounding this exciting development.The grand celebration hosted over 300 agents from across Cambodia to mark the official launch of Time Square 8. This collaboration reflects a shared commitment to addressing the country’s rising demand for affordable, modern urban apartments that meet the needs of both local buyers and investors. The event was a testament to the market’s excitement for Time Square 8, with over 150 units booked in the three weeks leading up to the launch—starting from just $40,000. The launch showcased not only the project’s appeal but also the power of Realestate.com.kh’s extensive marketing reach, which has set new standards for collaboration and engagement within Cambodia’s real estate market.The night’s program included inspiring speeches from the project’s developer, Miss Wallice, along with the architect and interior designer, each of whom shared their vision and creative process. The highlight of the evening was the unveiling of the scale model, a tangible representation of the future of Time Square 8.Mr. Tom O'Sullivan, CEO of Realestate.com.kh, emphasized the incredible potential this project holds for Phnom Penh’s real estate market. He spoke about the crucial role of marketing and partnerships in ensuring the success of developments like Time Square 8 and highlighted the importance of agents in driving these results.To cap off the night, a lucky draw event awarded five grand prizes to attendees, adding an extra layer of excitement and celebration. The event was not just a launch—it was a reminder of the collaborative efforts that lead to success, with Realestate.com.kh playing a vital role in connecting agents, developers, and investors.Realestate.com.kh continues to play a key role in uniting agents and developers, underscoring the benefits of a more connected, transparent, and service-oriented industry. Looking ahead, we are committed to training and professionalizing over 1,000 agents within the next six months. By focusing on high-quality training and career development, our goal is to elevate service standards for buyers and establish a trusted, sustainable real estate environment in Cambodia.With Time Square 8 setting a new benchmark for urban living in Phnom Penh, the project’s launch event also highlighted the strength of industry collaboration. Whether you’re interested in securing a unit at Time Square 8 or exploring how Realestate.com.kh can help grow your career or business, contact us today to learn more. The Connect Center at Realestate.com.kh is where these opportunities are brought to life, offering the tools and network necessary for success in Cambodia’s booming real estate market.Contact us now!

Cambodia Property Market is Showing Signs Of Recovery - Optimism Remains Over Economic Growth & Opportunities

Cambodia Property Market is Showing Signs Of Recovery - Optimism Remains Over Economic Growth & Opportunities

November 4, 2024, 4:44 a.m.

The CBRE Market Insights Q3 2024 report indicated some interesting trends in the Cambodian real estate market - with stabilisation and moderate growth in some segments although there is positivity over the future economic growth which remains strong for the region.Cambodian Economic Outlook 2024-2025To start with, the sales from the recently held and successful Property, Business & Lifestyle Expo 2024 saw transactions surpass USD 6 million over the two-day event, so there is still demand for the right property.Kinkesa Kim, CBRE Cambodia Managing Director, highlighted some key economic data and trends from their report. There is a positive outlook that hinges on the GDP growth of the Kingdom which is anticipated to be approximately 5.8 per cent in 2024 and grow by potentially 6 per cent in 2025. In the ASEAN region, Cambodia is tracking as having the 3rd strongest GDP growth in 2024 (behind Vietnam and India). It is the only economy in the region expected to grow stronger in 2025.There is also optimism as leading central banks internationally are cutting interest rates, notably in the EU and the US, while in China there have been new stimulus packages announced.Kim said at the EXPO that Cambodia’s real estate market is experiencing similar market cycles to other countries but said of the uniquely Cambodian aspects. “We have quite a low barrier for entry, especially in the development market, making it easy for new real estate developers to come in.”She also spoke of the age of the market which needs to be accounted for, telling B2B Cambodia, “We also are a very young market. Fifty-five per cent of our population is under the age of 35, so there are a lot of areas or stages of development that we can probably skip through. For example, within the digital realm, our population has a very quick absorption of technology. We have a very high mobile penetration rate as well, so it is a new trend for developers, even if they are experienced in the market, to have to keep up with the new generation of demand. The old playbook, or old experience, might not work the same way under this new wave of demand.From a property point of view, the US $2.19 billion invested in the first 8 months of 2024 in Cambodia is down compared to 2023. Some of the key takeaways from the CBRE Q3 report broken down by property segments are:Office - Occupancy rates are slightly up but prime rent remains flat (at around $27 sqm) - Kim noted that there is a lower work-from-home (WFH) culture in Cambodia and that most businesses are back to operating face-to-face and in offices.Retail - Occupancy rates are down but prime rent remains flat (at around $22.1 sqm)Condominium - The supply is up with 970 units launched thus far in 2024 and the price sqm is down ($2,714 sqm high-end sales price). New projects (green netting projects) are concentrated in the residential sector followed by the commercial sector.Landed Property - The supply is up with 250 units launched thus far in 2024 and the price of sqm is up for single villas ($1,177 sqm)There have also been more government-led policy activity and regulations in Cambodian real estate which have included updates on licensing, the launch of the digital platform for land registration and public services, the tax rates updates, exemptions from capital gains tax delayed to the end of 2025 etc.Cambodian Trust MarketOne area not covered in the CBRE report is the impact of the Trusts in the Kingdom, and since the Trust Regulator was established in 2021, the trust market has increased from 17 cases to a total of 1,042 cases as of October 2024 with a total value of USD $1.68 billion.The majority of cases (over 1,000) are commercial trusts valued at USD $1.16 billion, and real estate and property-related trusts account for 62 per cent of all commercial trusts.Property Segment Data - Cambodia Q3 2024Cambodia Retail SectorThe Cambodian retail sector is expected to double compared to 2023 and there have been adjustments in the supply, with 769,000 sqm expected to be added in 2024 and 862.000 sqm in 2025.The CBRE report indicated that there has been a slow absorption rate with occupancy dropping from 63 per cent in 2023 to 58 per cent in 2024. The rental adjustments have seen price drops in some segments such as podium and prime retail - with all segments seeing declines since 2020 but some are flat compared to 2023. Food & Beverage is the biggest component of this retail segment.There has been greater flexibility from landlords in pricing and tenant mix and smaller retail projects are choosing specific target markets instead of competing with mass-market shopping malls. Landlords also used to be pickier with the brands but are now more flexible with signs of more local brand expansion in Cambodia.Cambodia Office SectorThere has been a drop in office property supply in 2024 in Cambodia. The forecast has also been reduced with additional supply expected to be 1.12 million sqm in 2024 and 1.34 million sqm in 2025. Of note, there have been no new strata offices launched in two years.Grade A offices have seen moderate growth, while overall occupancy growth is moderate to flat and overall there are suppressed prices. Grade B offices in the Phnom Penh CBD have slightly increased.Regionally, cost factors were the biggest concerns followed by location and employee experience in renewing leases.The Office segment has seen more flexibility from the landlords who are offering concessions, and better maintenance, as well as being more open to rate negotiations.Cambodia Hospitality SectorIn 2024, there will be no new 5-star hotels launched in Cambodia, with a total of 9,800 keys in 4-star hotels in the Cambodian capital and 4,200 keys in 3-star hotels. The average room rate pricing has increased in Phnom Penh and the pricing between Ho Chi Minh City, Bangkok and Phnom Penh at the top end are all similar. Hotel chains are considering offloading portfolios in favour of liquidation for cash, added CBRE, while there has been an increase in ‘condotels’ influencing the market - the condos' are operating day stays which are in direct competition with hotels.Cambodia Residential SectorThe growth of Cambodian condo project completions is slower in 2024 and there have been no “big launches in 2 years.” With slowing, CBRE indicated that this is a positive as demand will take up excess supply in the market.This year has seen the slowest condo launches since 2019 - in fact, these have dropped annually since the pandemic by ten per cent and are at the lowest since 2014.In terms of landed property, the growth is also down and is seeing the same output in 2024 as in 2019, and there have been only minor adjustments on pricing - but limited new supply.Regionally, there has been a surge in demand in the residential sector but these have been purpose-built student housing and specialized projects, for example.There has been a drop off in the high-end condo pricing while only a small increase in mid-range condos in Phnom Penh. In terms of the rental market, there has reportedly been a slight increase for all categories except the affordable range. CBRE said they are seeing an increase in the leasing market but they don't have actual occupancy data for the condo market. The same consistent advice remains in the Cambodian property market - location is still key and true to the property market in Cambodia or anywhere - but the project offering, price, developer profile and reputation are key considerations for buyers and investors.Potential Property Growth Areas In CambodiaBelow is a summary from CBRE’s Managing Director on potential growth areas from the Kingdom’s property sector Affordability – Property prices can range from US $1,500 - $2,000 per square meter within five kilometres of the Phnom Penh CBD which compares well to other cities in SEA. In addition, there is the convenience of travel, free-hold ownership opportunities for foreigners as well as flexible payment terms from developers for foreign buyers.Ongoing development of special economic zones (SEZs) – There remain inquiries into industrial spaces for SEZs which are encouraging as they attract investment.Purpose-built student accommodation and senior living – Both types of accommodation are rare asset classes in Cambodia, whereas both Vietnam and Thailand have developed senior living accommodation as they see it offering opportunities.Data centres – There remains high demand for this purpose-built property and Phnom Penh currently only has about around 5l data centres.

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$6 Million in Sales at Business, Property & Lifestyle EXPO 2024 Reflects Growing Optimism in Cambodia's Real Estate Sector

October 24, 2024, 2:28 a.m.

At The Premier Center Sen Sok on October 19th and 20th, Realestate.com.kh proudly hosted the Business, Property & Lifestyle EXPO 2024, a significant milestone in Cambodia's economic landscape. With over 4,000 attendees, the event showcased Cambodia’s top real estate and lifestyle brands, featured engaging seminars, and offered exciting giveaways, making it one of the most successful expos of the year.Tom O’Sullivan, CEO of Realestate.com.kh, kicked off the EXPO by highlighting the resilience of the real estate market, stating, “Of the eight condo launches since 2021, over 70% of the units have already been sold.” While recognizing that some sectors are still recovering, Tom emphasized the investment opportunities available in Cambodia's real estate market.With property transactions surpassing $6 million during the two-day event, the EXPO highlighted the strength of trusted developers focused on meeting local demand. These developers saw significant success by tailoring projects to Cambodian buyers and maintaining reliable, high-quality developments. International investors also showed great interest, adding to the event’s momentum.Picasso Sky Gemme or Picasso 2 was a standout project, drawing large crowds, with many buyers visiting the project site after the event. Leading developers like Megakim World Corporation, OCIC, and Le Conde saw multiple deals closed on-site, while projects such as One Tropica, The Pinnacle Residence, and The Heartland Condominium generated hundreds of leads, offering prime opportunities for buyers looking to invest in the real estate market.Property & Lifestyle EXPO 2024 also showcased three Phnom Penh developments; One Tropica, The Pinnacle Residence, and The Heartland Condominium which attracted considerable attention from attendees, as the booth offered a prime opportunity for interested buyers looking to invest in the real estate market.The combination of affordability and luxury made these projects particularly appealing - highlighting that it’s possible to own a property so central in a highly important area for as little as US $8 a day. This value proposition resonated with prospective buyers who were eager to learn more about owning high-quality properties at a fraction of the typical cost associated with the central districts.Industry Experts Deliver Valuable Insights at the Cambodian Investment ForumOne of the major highlights of the EXPO was the Cambodian Investment Forum, featuring 12 insightful sessions by industry leaders. Experts from diverse sectors shared their knowledge on real estate investment, technology advancements, and lifestyle trends. Vichet Chhun, Chief of Retail Banking at ABA Bank highlighted the importance of the Escrow process in ensuring smooth and secure real estate transactions, emphasising how Escrow acts as a safeguard for both buyers and sellers in the dynamic Cambodia property market. SM Global, an accounting and consultancy group based in Cambodia, also participated in our seminar. The CEO, Mr. Paul Yang, presented a session on how trusts provide a strategic approach to property ownership, helping to minimize risks while maximizing long-term value and stability. He was joined by Mr. Hay Sovanna, Acting Director of Trust Registration from the Department of Trust Regulator, who covered the essential topic of what the Trust Regulator is and its role in Cambodia’s real estate sector.In addition, Vatey Mom, a leading real estate advisor from Realestate.com.kh, shared valuable strategies on how buyers can maximise their investments in the current real estate landscape. Her session provided actionable tips on securing high returns in a market that continues to offer lucrative opportunities. Kesa Kim from CBRE Cambodia highlighted how infrastructure projects are driving the economic recovery, offering a fresh perspective on potential investments that buyers and investors should consider in the months to come.Connect by Realestate.com.kh: A Game-Changer for Real Estate ProfessionalsOne of the most popular booths at the EXPO was Connect by Realestate.com.kh, a platform designed to revolutionize the real estate industry. Connect empowers agents with the training, tools, and resources needed to enhance their careers and gives developers access to thousands of sales channels.An agent who recently joined Connect shared, "Since joining, I’ve received invaluable support and closed three deals in the last two weeks!"A Diverse Range of Exhibitors Across Multiple IndustriesThe EXPO featured over 50 exhibitors from Cambodia’s key sectors, including real estate, banking, automotive, and lifestyle brands. Attendees had the chance to interact with leading developers showcasing prominent projects such as Odom, Rose Apple Square, Bay Of Lights, Borey Chankiri, Picasso Sky Gemme, Time Square 8, and many more.In addition to real estate, top banks such as ABA Bank, Bank of China, and Shinhan Bank were on hand, along with financial services and luxury automobile brands like Liberty Carz, giving attendees the opportunity to explore lifestyle upgrades in one place. Immigration expert Macy Visa also provided essential guidance, making the event a comprehensive experience for all attendees.Engaging Booth Activities and Exciting GiveawaysThe EXPO was packed with exciting giveaways and engaging activities at various booths. Special sponsor gifts from brands like Klassy Watches, Mitsubishi, Venly Home, and more made the event fun for all ages. Visitors enjoyed promotions, raffles, and exclusive discounts, ensuring that attendees left with sought-after prizes and memorable experiences.A Successful ConclusionThe Business, Property & Lifestyle EXPO 2024, hosted by Realestate.com.kh, successfully brought together Cambodia’s leading industries and consumers, offering a dynamic platform for connection and growth. With Cambodia’s economy continuing to rise, the event showcased the trends and sectors driving its future.Attendees and exhibitors left the event with new partnerships, inspiration, and a sense of optimism for what’s ahead. As the country’s leading EXPO, the success of this year’s event has already sparked excitement for next year’s edition, promising an even bigger and better showcase of Cambodia’s thriving industries.

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Realestate.com.kh Presents the Property, Business & Lifestyle EXPO 2024: A Must-Attend Event for Buyers, Investors, and Families

October 11, 2024, 6:54 a.m.

PHNOM PENH, CAMBODIA – Realestate.com.kh is excited to invite you to the Property, Business & Lifestyle EXPO 2024, taking place on October 19th and 20th, from 9:00 AM to 7:00 PM at the Premier Center Sen Sok. This highly anticipated event brings together the best of Cambodia’s real estate, business, and lifestyle sectors, offering an incredible experience for buyers, investors, and families alike.A Showcase of Cambodia's Best ProjectsThe Property, Business & Lifestyle EXPO 2024 will feature an impressive array of exhibitors from Cambodia’s leading developers, offering attendees a chance to learn about the most sought-after real estate projects in the country. Whether you're looking for your dream home, a smart investment opportunity, or ways to upgrade your lifestyle, this event is the perfect place to explore the latest developments.Some of the biggest names in property development across Cambodia will be on display including Odom, Rose Apple Square, Bay Of Lights, Borey Chankiri, Picasso Sky Gemme, Time Square 8, Le Conde BKK1, Diamond Bay Garden, Wealth Mansion, Borey One Tropica, Kiripark Residence & Resort and many more. Beyond real estate, you'll find top banks such as ABA Bank, Bank of China, and Shinhan Bank, along with a variety of financial services. Explore luxury automobiles from Liberty Carz and a selection of lifestyle companies, giving you the opportunity to enhance your lifestyle all in one convenient place.What to Expect at the EXPO 2024This year’s EXPO is set to feature a diverse range of booths and activities that appeal to both professionals and families. Here’s what you can look forward to:Investment Forum:On Saturday the 19th of October, attendees will have access to the Cambodian Investment Forum with seminars led by experts from various sectors. These sessions will provide valuable insights into real estate, business trends, investment opportunities, and more, giving you the knowledge and strategies needed to succeed in Cambodia’s rapidly evolving market. Whether you’re a seasoned investor or just getting started, these talks will equip you with essential information for making informed decisions. Family-Friendly Fun:We’ve made sure to create an enjoyable experience for families attending the EXPO. There will be a Kids' Play Area where children can have fun while parents explore the various booths. This ensures that everyone in the family can enjoy their time at the event, whether they’re exploring real estate opportunities or simply enjoying a day out.Food Hall by Nham24:Feeling hungry? Stop by the Food Hall presented by Nham24 for a variety of food and drink options. From local delicacies to international favorites, there will be something for everyone to enjoy. The F&B area will offer a comfortable spot for attendees to relax and recharge during the day. Why You Shouldn’t Miss the EXPOThe Property, Business & Lifestyle EXPO 2024 is not just a real estate exhibition—it’s a hub of opportunity for everyone. Whether you're looking for the best real estate deals, seeking expert advice, or simply want to enjoy a day out with your family, this event has something for everyone.Here are a few reasons why you should attend:Exclusive Offers: Many developers and businesses will be offering special discounts and promotions only available during the EXPO.Networking Opportunities: Meet with industry leaders, professionals, and like-minded individuals to expand your network and explore potential collaborations.Free Seminars: Gain valuable insights and advice from experienced speakers across various industries.Fun for the Whole Family: With a kids' play area and plenty of entertainment, it’s the perfect outing for families.Event Details:Date: October 19th & 20th, 2024Time: 9:00 AM to 7:00 PMVenue: Hall F&G, The Premier Center Sen Sok, Phnom PenhJoin us at the Premier Center Sen Sok on October 19th and 20th, and be part of an event that promises to deliver value, excitement, and opportunity. Whether you're an investor, buyer, or just curious, we welcome you to come and experience the best that Cambodia has to offer! Register for a FREE express entry: https://www.realestate.com.kh/expo/