The Cambodian Investment Management (CIM), a prominent insurance provider in Cambodia, has joined the Black Friday Property Sale as part of its affiliate network.CIM was incorporated and licensed by the Insurance and Pension Division of the Ministry of Economy and Finance of Cambodia. The company is known for offering  a full range of personal and commercial insurances covering property, vehicles, healthcare (for both locals and expats), and other insurance built for businesses within the Kingdom. CIM is known for its holistic approach in tailoring an insurance policy according to each client’s personal circumstances.Realestate.com.kh welcomes an established insurance company, such as CIM, as part of its affiliate network. The Black Friday Property Sale will feature property available for both new homebuyers and investors looking to make their next big investment, and insurance will likely play a role in giving buyers/investors a great way to secure their purchases - something CIM has years of experience in.The Black Friday Property Sale will feature a portfolio of development across the Kingdom ranging from mid-tier to high-end developments and it’s advisable that buyers/investors secure the proper kind of insurance for these properties. A few notable examples of these developments would be: Dara Sakor, an expansive mixed-use development in Koh Kong that takes advantage of the gorgeous coastal scenery of the province. There’s also the Leshen the Lord Garden, a new borey capitalizing on the recent economic boom in Sihanoukville.In Phnom Penh, some of the notable developments would be the One Park, another mixed-use development within Daun Penh that’s soon becoming a development icon due to its “city within a city” feel. Another is the Peninsula Private Residence, a true landmark development in Chroy Changvar that grants residents sweeping views of both the Tonle Sap and Mekong Rivers.Given that such a wide range of developments are going on sale, Realestate.com.kh is confident that CIM will be playing a key role in contributing to the Black Friday’s Property Sale event’s success.Article by:

A rendered image of a bird's eye view of the ONE PARK, Phnom Penh's city within a city. Supplied.It's becoming more apparent that a great number of suburban areas are being developed in the outer districts of Phnom Penh. A good number of these projects reflect big leaps in the comfort that continue to define the city as the real estate investment hub in the region. And as these developments continue to launch, a healthy number of commercial developments, made with parallel modern staples, have followed suit to meet the prospect of new demand. Phnom Penh, it seems, would soon join its regional neighbors in having its own sprawling metropolis.But much like the sprawling metros of Bangkok and Ho Chi Minh, an outward expansion may leave something to be desired. Most luxury developments tend to be built with one or two structures in mind, with all amenities being confined within this limited space. Fortunately, Phnom Penh’s developers have the advantage of modern technology and practices to take Cambodians into the next generation of open-spaced mixed-use developments, right at the center of Phnom Penh.The ONE PARK is a low-capacity gated community featuring a high-end complex consisting of both residential and commercial units. It was developed by GRED, a Phnom Penh-based developer, in cooperation with DP Architects, a Singapore-based design firm. The ONE PARK became a landmark of Phnom Penh city ever since its completion in June 2019. The residence is located in Phnom Penh’s PPCC (city center), the core area of the growing Cambodian metropolis, and is surrounded by business centres and social hubs. Its central location puts it close to many amenities, including vital public services, healthcare, education - all within a comfortable drive, and even a stroll, if you feel like it.The ONE PARK encloses a land area of 79,000 sqm and consists of low-rise buildings spanning a total floor area of 330,000 sqm dotted throughout a huge park of 33,000 sqm - the first-ever garden community in Phnom Penh. ONE PARK’s low-rise complex consists of structures ranging from 12 to 15 storeys and hosts a total of 1,334 quality units and 1,614 parking spaces.There are common spaces filled with greenery consisting of a tropical ecological feel with beautiful plants and many water features. Being served with 19,000-sqm commercial spaces alongside a communal avenue, people living here can appreciate an urban feast and a touch of nature, all in ONE place.GRED contracted PIVOTA, an established property management firm known for its professional services, to operate the day-to-day running of the ONE PARK. The sprawling gated community has already attracted to occupy its spaces such as SCIA Singapore international school, the Oakwood - a five-star serviced apartment operator, and the Lane - a high-end international retailer; the community is certainly shaping into a landmark of Phnom Penh’s commercial and residential progress.The ONE PARK provides a series of finely-decorated apartments, including one-bedroom, two-bedroom, three-bedroom, and penthouse apartments, with sizes ranging from 69 to 146 sqm. They come with all that one needs for a new home, which means moving in is a breeze. Residents who live here may find much enjoyment at the playground, swimming pool, gym, jacuzzi, and sauna and at the many other opportunities to pamper oneself. Fun and enjoyment can be found at every corner of ONE PARK.As premium developments go, the ONE PARK is definitely up in Phnom Penh’s topmost selections. Fortunately, the ONE PARK is a participating development in the first-ever Black Friday Property Salesin Cambodia! The ONE PARK will be featuring BIG DISCOUNTS on its units during the event, happening on June 12, 2020, from 4 pm to 8 pm GMT+7.Registration for Black Friday Property Sale is absolutely FREE. Sign-up today to secure big discounts on Cambodia’s biggest properties!If you are a developer and want more information about this event please contact:Nin Kang+855 78 637 323+855 93 552 305nin.kang@realestate.com.khSoun Sumey+855 77 241 285mey.soun@realestate.com.khIf you are a real estate agency, media platform, bank or related business and want to join as an affiliate please contact:Chen Huyhong+855 98 526 671cheng.huyhong@realestate.com.khTrixia General+855 17 870 064trixia.general@realestate.com.khAlexander Sing+855 15 583420+61 434 644 957 (WhatsApp)Alex.sing@realestate.com.khSun Rattanak+855 17 884 161rattanak.sun@realestate.com.khArticle by:

An image render of One Park, one of the most anticipated luxury developments in Daun Penh. Supplied.The global economic slowdown due to COVID-19 has caused multiple industries to review their economic outlook for 2020, and even 2021. The Kingdom’s previously projected steady GDP growth for 2020, which was pegged at 7%, is expected to contract by at least 1%, according to government figures.Cambodia’s real estate market itself has felt the pinch caused by the pandemic induced-fears. “We definitely felt the impact the most during March and April” said Mr Kam Chin Seng, director of the Peninsula Private Residences, during Realestate.com.kh’s Industry Leader Webinar. The steep shift in market behavior motivated developers like the Peninsula to shift their resources away from sales, and instead emphasize on attending to the needs of their current clients.While there is an apparent shift in the current market, that does not mean progress on new developments have stalled. According to a report released by Knight Frank Cambodia, an international real estate consultancy firm, there is a 10% increase in total condominium stocks in Phnom Penh at the end of 2019. One notable example of a recently finished project is One Park, a high-end mixed-use development located in the central business district of Daun Penh.According to Knight Frank’s report, the Chamkarmon district remains the most preferred and popular residential destination due to its proximity to the CBD, and many other commercial areas, resulting in a 38% overall market share of present condominium developments. Chamkarmon is followed by Sen Sok at 15%, 7 Makara at 13%, Boeung Keng Kang at 10%, Chroy Changvar at 10%, and Toul Kork at 6%.The report also noted 15 new off-plan developments launched by the end of 2019 featuring several high-end and mid-tier offerings. One of the notable high-end upcoming developments is the Wealth Mansion, a 45-storey riverside development in Chroy Changvar offering scenic views of the Tonle Sap River and the rest of downtown Phnom Penh.An image render of the Wealth Mansion's luxury interiors of one of its residential units. Supplied.Two other notable upcoming developments are in the mid-tier of the market, namely Vue Aston and The Hexa. Both of these developments offer easy access to the downtown area without all the commotion that comes with living in a booming city like Phnom Penh.Knight Frank Cambodia projects that the 2019 year-end stock of condominium units of 19,236 would increase to 69,036 units over the next 3 years, assuming that all recorded projects are finished on time. The report also notes that the continuing rising price of land will drive development away from the city center and develop into other areas such as other parts of Chamkarmon, Chroy Changvar, Sen Sok, Mean Chey, and Toul Kork.Reports from Knight Frank H1 2019 and H2 2019 both reiterate stiff competition among condominium developers even before the COVID-19 outbreak. And given the current pandemic fears, the flattening prices of residential units are expected to see a downward trend the longer the current market uncertainty lasts. This, of course, is a boon to potential condominium buyers in Phnom Penh.Realestate.com.kh’s Black Friday Property Sale, happening on June 12, 2020 from 4:00pm to 8:00pm (local time) seeks to deliver these developments at the best prices to all prospecting homeowners and investors in the Kingdom. Interested buyers can register for the Black Friday Property Sale through the image below.If you are a developer and want more information about this event please contact:Nin Kang+855 78 637 323+855 93 552 305nin.kang@realestate.com.khSoun Sumey+855 77 241 285mey.soun@realestate.com.khIf you are a real estate agency, media platform, bank or related business and want to join as an affiliate please contact:Chen Huyhong+855 98 526 671cheng.huyhong@realestate.com.khTrixia General+855 17 870 064trixia.general@realestate.com.khAlexander Sing+855 15 583420+61 434 644 957 (WhatsApp)Alex.sing@realestate.com.khSun Rattanak+855 17 884 161rattanak.sun@realestate.com.khArticle by:

The Bridge, a major property development in the heart of Phnom Penh, has instituted preventive measures to make sure its premises are safe for everyone amid the Coronavirus pandemic sweeping through Cambodia and other parts of the world.The Bridge has engaged EnviroCam, subsidiary of HCC Group Co., Ltd, a well-recognized market leader in Cambodia in the field of professional environment services for virus disinfection services at various locations of the building.The move is intended to prevent the spread of Coronavirus and make the building safe for workers, occupants and walk-in visitors.So far, Cambodia has recorded 123 cases of Coronavirus infection. Before an imported case was found on Tuesday, no new case has been reported for more than 5 weeks. Disinfectants have proven effective in containing the spread of the deadly virus.Located in the Tonle Bassac area of Phnom Penh, The Bridge is among the newest additions to Cambodia’s booming real estate sector. The Bridge is luxury, beauty, convenience and comfort rolled into one.The Bridge is located in a prime district, where government offices, retail shops, restaurants, entertainment joints, sports clubs, embassies, markets, banks, Diamond Island Convention Centre & Exhibition Hall, Phnom Penh City Hall, Aeon Mall 1 and other conveniences are just a short distance away. The Phnom Penh International Airport and other transportation hubs can be reached in less than 20 minutes.The Bridge consists of two towers: a condominium complex and a SoHo building. At 45 storeys, it is the tallest high-rise apartment/condo complex in Cambodia.The development also features The Bridge Lifestyle Mall, another high-end shopping destination. Collins Cambodia, a popular restaurant, is also located within its premises.Occupants of The Bridge have access to a sundeck swimming pool, children’s playground, family gym, function halls, among other amenities. From their perch, they also have picture-perfect views of the Phnom Penh skyline, Tonle Sap, Mekong and Bassac Rivers.Aside from being a luxurious residence, The Bridge is also being touted as a prime investment opportunity.The Bridge was jointly developed by WorldBridge Land and Singapore’s Oxley Holdings.Realestate.com.kh is proud to bring the first Black Friday Property Sale to the Cambodian real estate market. Register now to secure the never-before-seen big discount from projects across Cambodia.

When must-see places in Phnom Penh are talked about, Chroy Changvar is definitely one of the up-and-coming out there. The capital city’s remarkable growth can be seen through the rise of skyscrapers in the city and the parallel outward expansion of more shophouses, condos, and retail malls. Chroy Changvar, a peninsula occupying the western and northwestern parts of Phnom Penh, separated by the Tonle Sap river from mainland Phnom Penh, is one of the districts receiving the most attention from both buyers and developers - for good reason.The rising living standards in Phnom Penh has transformed the taste of local buyers and encouraged the willingness to spend from international investors. The key to this development is the opportunity presented by the development of Chroy Changvar as Phnom Penh’s next business and residential destination. The Peninsula Private Residences, a high-end development in the district, is one of its residential landmarks catering to a wide range of buyers looking to live in Cambodia’s next-generation business and entertainment hub. As with any residence, the crowning jewel of the Peninsula is its luxurious units complemented by amenities that take advantage of both modern comforts and Chroy Changvar’s natural offerings.The Peninsula Private Residences has 161 residential properties consisting of studio, 1-bedroom, 2-bedroom, and 3-bedroom units. Unit sizes range from 60sqm with studio units up to 237sqm on 3-bedroom units. Every unit has a balcony where residents can enjoy Phnom Penh’s cool morning breeze. Potential buyers will also be delighted to know that units come fully-furnished so the only thing they need to do is settle in!The developer of The Peninsula, CC Peninsula Co., made it a point to have residents enjoy the natural feeling Chroy Changvar affords its inhabitants. Residents can enjoy themselves with 11 recreational amenities including a gym/fitness centre, sauna, garden, and swimming pool, to name a few. Building parking facilities are also available for any driver’s peace of mind.The Peninsula is scheduled to hand over its units by the end of 2020. Around 60% of units have reportedly already been sold and are continuously receiving inquiries for currently available ones. Price per square metre starts at  $2,200, putting it as one of the premium developments in Phnom Penh.Fortunately, The Peninsula Private Residences is part of the Black Friday Property Sales event!Industry Leaders: A discussion with the director of The Peninsula Private ResidenceThe Peninsula Private Residences will be offering its premium development at the best prices possible during the Black Friday Property Sales!Thomas O’Sullivan, CEO of Realestate.com.kh, recently interviewed Kam Chin Seng, Director of The Peninsula Private Residence about current market conditions due to COVID-19, the motivation behind the Peninsula’s location, and opportunities the Black Friday Property Sales offers to developers.According to Mr. Kam Chin Seng, while the adage “location, location, location” matters a lot, setting up development like that of the Peninsula seeks to go beyond that. Chroy Changvar enjoys much of the cool breeze present throughout the day during the colder months in the city - emphasizing on the everyday living experience of residents. Aside from this natural feature, he further cites the fast modernization of Daun Penh especially around the Vattanac Tower, Hong Kong Land developments, NagaWorld, and Independence Monument area, all of which are easily accessible via the Cambodia-China Friendship bridge.The opening of the Cambodia-Japan Friendship was a great boost to Chroy Changar’s potential. Thomas O’Sullivan, mentioned that before the bridge opened, a large portion of the market, though interested in buying a property in the district, were apprehensive to do so until the bridge finally opened. And as if overnight, according to Thomas, people suddenly realized that Chroy Changvar isn’t so far away from the Central Business District of Daun Penh.Other major developments in Chroy Changvar also include the new National Stadium, which is expected to hold 6,000 people is currently being developed, while the National Exhibition Hall, a big project by OCIC, is expected to open by the end of 2020, according to Mr. Kam Chin Seng. The government itself is investing in Chroy Changvar as the vital General Tax Department is also moving to the district.According to Mr. Kam Chin Seng, the Peninsula and its units were built to offer a more interesting layout, with more space, and price it reasonably to meet market demands. He adds that the natural feeling within Chroy Changvar greatly improves the quality of everyday life in the Peninsula.And it appears that the market agrees with the Peninsula’s offerings. During the interview, Mr. Sin Cheng confirms that around 60% of their units have already been sold and will be handed over to buyers by the end of 2020. When asked about the impact of COVID-19 on their project completion, he does concede that it has affected the delivery of materials, but has not significantly hindered the project as a whole.The COVID-19 global pandemic has certainly hit industries across the board. The robust real estate industry of Cambodia saw slowdowns due to shifting interests and the slowdown of material delivery, especially for the booming construction sector. According to Mr. Chin Seng, they felt the impact mostly during March and April, giving them the motivation to pursue online marketing with more vigor, and more importantly, shift their focus away from sales and instead put that energy into taking care of their current client base.Communicating with buyers, talking to them about the current situation in relation to their purchase, and the safeguards they’re taking, are important steps they’ve undergone during the height of the pandemic fears in Cambodia, says Mr. Chin Seng.Mr. Chin Seng entered the Peninsula Private Residences into the Black Friday Property Sales as he believes it’s a way to bridge the gap between buyers and developers during this pandemic. He cites that developers want to get past this situation as soon as possible, while at the same time, there are clients who are willing to take a bit more risk in purchasing property. On the developers’ side, he says that they want to move on from this by getting the best deal, not simply to make a sale, but to reward the risk appetite of clients - something Mr. Chin Seng believes to be a great deal for everyone in the property market.The Black Friday Property Sale is an online expo creating an environment where direct and indirect players in Cambodia’s real estate industry can meet to provide the best value for all stakeholders during this economic slowdown. As Thomas said in the interview, it’s not just the homebuyers, real estate developers, agencies, and portals like Realestate.com.kh who participate in the larger industry. Banks and other financial institutions also contribute to the growth of the Kingdom’s larger real estate economy.“The movement to the online space was bound to happen, COVID-19 or not”, said Mr. Chin Seng. He considers the Black Friday Property Sale is both a tool to market better to potential clients and a sign of how the industry needs to shift towards the online space sooner rather than later.“This new technology will continue after COVID”, said Mr. Chin Seng.If you are a developer and want more information about this event please contact:Nin Kang+855 78 637 323+855 93 552 305nin.kang@realestate.com.khSoun Sumey+855 77 241 285mey.soun@realestate.com.khIf you are a real estate agency, media platform, bank or related business and want to join as an affiliate please contact:Chen Huyhong+855 98 526 671cheng.huyhong@realestate.com.khTrixia General+855 17 870 064trixia.general@realestate.com.khAlexander Sing+855 15 583420+61 434 644 957 (WhatsApp)Alex.sing@realestate.com.khSun Rattanak+855 17 884 161rattanak.sun@realestate.com.khArticle by:

Economic recovery is possible but will likely be gradual without an effective vaccine in production. Supplied.Given Cambodia’s relative control over COVID-19, it can be expected that the Kingdom’s real estate sector would see fast recovery once the pandemic-induced crisis subsides.Over the past few months, Cambodian real estate agencies and developers have indicated the beginning of a downward trend in terms of prices due to fears caused by the pandemic. Home buying activity has slowed down and several developers have limited or suspended their operations in preparation for slow industry activity and to prevent any of their properties from becoming vectors for the virus.But once global fears subside and health authorities, especially in Cambodia, establish increased healthcare protocols, it can be expected that the real estate sector would see a gradual increase in activity.The scale as to how COVID-19 has affected the global economy is somewhat similar to that of the 2008 Financial Crisis. Not in terms of prices, but in terms of jeopardizing the general feeling of security homebuyers and other property investors require to close deals.The first signs/stage of economic recovery can be derived from a sense of confidence in how healthcare authorities have control over the situation; be it curbing new infections, recovery speed, adequacy of healthcare provisions, and especially, limiting the death toll. However, any recovery or upticks of activity stemming from this stage is not sustainable.While Cambodia certainly has a grasp on its COVID-19 situation, the government is still advising the population to observe basic hygiene and social distancing measures as the country is still susceptible to a second-wave of infections.A sustainable economic recovery, leading to that of pre-COVID-19 levels, can only be seen through the announcement of a commercially viable vaccine. Highly-industrialized countries, and their governments, have fast-tracked the development of these vaccines. However, vaccines require a lot of time through research and testing in order to determine its efficacy.Vaccine development is reported to take around 18 months to develop. Until that time, COVID-19 will remain a highly infectious disease. Sharp increases in economic activity on a macro-scale can be expected once a working vaccine is in mass production. And we would once again see an increase in real estate transactions and, naturally, prices.A silver-lining during the crisisThe crisis presents a unique and rare opportunity to purchase property at lower-than-market prices for savvy buyers out there. Though they may find it hard to examine properties they’re interested in due to developers limiting and even suspending their showroom operations.Given that there is no official announcement of a working vaccine yet, real estate prices are expected to see a continued downward trend.Realestate.com.kh, Cambodia’s biggest real estate portal, has recently announced an event called the Black Friday Property Sales. Inspired by the massive discounts during the Black Friday events in Western countries, the online real estate portal company has organized the first of its kind in Cambodia. While it won’t feature typical consumer goods, it will feature property developments in the Kingdom at the best prices possible.Borey VIP is the premier borey developer in Sihanoukville and will be offering big discounts on their development during the Black Friday Property Sale. Supplied.Happening on June 12, 2020 from 4pm to 8pm GMT+7, the Black Friday Property Sale will feature a collection of developments throughout the Kingdom in a single online event. Homebuyers can secure big discounts on premiere developments during the event. Interested homebuyers may pre-register for the event on this website.If you are a developer and want more information about this event please contact:Nin Kang+855 78 637 323+855 93 552 305nin.kang@realestate.com.khSoun Sumey+855 77 241 285mey.soun@realestate.com.khIf you are a real estate agency, media platform, bank or related business and want to join as an affiliate please contact:Chen Huyhong+855 98 526 671cheng.huyhong@realestate.com.khTrixia General+855 17 870 064trixia.general@realestate.com.khAlexander Sing+855 15 583420+61 434 644 957 (WhatsApp)Alex.sing@realestate.com.khSun Rattanak+855 17 884 161rattanak.sun@realestate.com.khArticle by:

As any city grows, higher standards of living require bigger homes - especially in the increasingly growing metro like Phnom Penh. Large-sized apartments in modern developments within the city, fortunately, have become more advanced and wide-spread.Unlike mediocre apartments, large-sized units are more spacious and offer bigger canvases for personal decoration and design. These large apartments are comparable to villas, but unlike villas, their prime location above the city's skyline makes them a great residence and investment option.Envisioning Phnom Penh's skyline dotted by towers isn't difficult. Soon, the city would be on par with other regional metro cities that bid any tourist or businessman to stay and explore more of it. One development that towers other developments in luxury and prestige is soon rising: The Sky Villa.The Sky Villa puts a great deal of focus on providing a sense of great artistic style. Its architect, C.Y. Lee, one of the designers of the famous Taipei 101, Kaohsiung 85 Sky Tower, and Chung Tai Chan Monastery, has lent his skill and talent in molding The Sky Villa into the next iconic landmark in the heart of Phnom Penh.Given the talent and skill behind it, Sky Villa sets a new bar for luxury residential architecture. It is the pinnacle of luxury living in Phnom Penh and sets itself apart from other developments with its extraordinary offerings.A part of Sky Villa is dedicated to featuring an ample outdoor area embraced by rich greenery and clusters of flowers. Residents have the freedom to decorate and energize their home with a natural feel, regardless of the hustle-and-bustle of the city outside. Sky Villa definitely offers the best of both worlds for its residents.The Sky Villa sits along the Poland Republic Boulevard within the capital’s busy 7 Makara District, with Cambodia’s National Olympic Stadium to its South. The traffic convenience means BKK, considered to be one of the commercial go-to places in Phnom Penh, is just a short drive away! The Sky Villa is also close to a number of foreign agencies, embassies, banks, and other multinational companies headquartered nearby. Olympia Mall, however, would be the primary shopping mall for residents as it is just around the corner. Other malls such as AEON Mall 1, Russian Market, and Central Market, are all reasonably close by and offer great alternatives to days when residents feel like going somewhere else.Of course, city life offers more than fun and games. Families, especially, want a great place for their kids to live, learn, and grow. A range of good schools are scattered all throughout Phnom Penh and most of them are located well-within 7 Makara. Sky Villa is a dream home for both individuals and families looking for every need and want within reach.The 35-storey Sky Villa twin towers are the latest addition to Phnom Penh's top-of-the-line residences. Its prestige as the city's most luxurious development earns it the landmark name of "Pearl of Asia". Sky Villa's magnificent grand lobby stands 10 meters high and is bathed in natural light. Adjacent to the grand lobby is the banquet & ballroom on the mezzanine, ideal for special occasions requiring a grand celebration or the quiet luxury for more private gatherings. Whatever it may be, the Sky Villa can host a wide range of events.From the ground floor to the 34th floor, a world of color is introduced. A spectacular sky-high view of the city indulges residents with the beauty of a developed cityscape. The 34th floor also houses the in-house pool surrounded by greeneries. The exclusive lounge, the Sky Villa Club, located on the top-most floor, is the crown jewel of this luxury residence. It offers a variety of top-class amenities including a fitness centre, sauna & spa, and a range of gourmet restaurants. The Sky Villa Club also services private catering and a reading area to nourish both your body and soul.Sky Villa is developed and managed by MCC. MCC’s management has a strong reputation with an impressive portfolio throughout Singapore. The Sky Villa’s in-house services make it a genuine extension of a luxury lifestyle as its staff can assist you in making everyday life much easier. These include organizing transport, housekeeping & laundry, grocery shopping, secretarial services, events planning, and many more. Its 24/7 concierge can help give you inside knowledge of the surrounding area; granting you a more vibrant experience of Phnom Penh’s many facets of business and entertainment. A four-storey underground car park and around-the-clock surveillance of CCTV give you the peace of mind you deserve.The Sky Villa offers a total of 256 units for sale. The units range from 270 to 509 sqm of living space, making them the biggest condos in Cambodia. These units were specifically designed for both personal and multi-generation living, and their luxurious leisure allows everyone to find a corner of the Sky Villa they can call their own.Perhaps a super-sized home in Phnom Penh has never occurred to you, however, the Sky Villa is offering you a very pleasant and affordable price for this extremely fineness and luxury residence, which averagely equals to one or several tenths of that in Singapore, Malaysia, Thailand, or China.The Sky Villa is a joint-venture between GreatView Investment Pte Ltd., and MCC Land Singapore, both companies being Singapore-based companies focused on real estate development and engineering. MCC Land (Singapore) Pte Ltd (hereinafter referred to as the "company"), a subsidiary of a Chinese corporation listed in Hong Kong and Shanghai, is a developer and engineering services provider in Singapore. Ranking in the global top 500, the company has promoted the development of Singapore and got involved in building many landmark properties, including the Universal studio at Sentosa resort, the Keppel Distripark industrial zone and the HDB BTO project.Recently, The company has developed and managed a number of premium properties ranging from condos to private apartments, such as the Alps Residences, Queens Peak, The Canopy, The Nautical, Canberra Residences, Forestville, The Poiz Residences & Centre, The Santorini, and more. MCC Land (Singapore) looks forward to introducing more Singapore's productivity and profession into Cambodia's rapidly modernizing and urbanizing of housing.The Sky Villa will soon be handed over to early buyers. By then, it will become the new landmark development in Phnom Penh known as "Pearl of Asia". Ever dreamed of owning an apartment the size of villa for an affordable price? Sky Villa offers both price and luxury, just waiting for you.Realestate.com.kh is proud to bring the first Black Friday Property Sale to the Cambodian real estate market. Register now to secure the never-before-seen big discount from projects across Cambodia. If you are a developer and want more information about this event please contact:Nin Kang+855 78 637 323+855 93 552 305nin.kang@realestate.com.khSoun Sumey+855 77 241 285mey.soun@realestate.com.khIf you are a real estate agency, media platform, bank or related business and want to join as an affiliate please contact:Chen Huyhong+855 98 526 671cheng.huyhong@realestate.com.khSun Rattanak+855 17 884 161rattanak.sun@realestate.com.kh

The unprecedented COVID-19 outbreak has essentially paralyzed the world economy since early 2020. Not only does it threaten lives, but also the livelihoods of millions, if not billions of people. The big challenges posed by the outbreak have strained industries and businesses far and beyond. While a number of companies have weathered and are starting to adapt, an untold number of others have been left in ruins.Despite the months of struggle that has certainly hurt, leading enterprises have begun adapting to the proverbial “new normal”. The process of achieving success - in this new environment - has presented a brand new set of rewards. And the Kingdom of Cambodia, while relatively small in scale, is adapting to the new economic realities.The savvy property hunters in Cambodia believe that this is the high time to catch a deal in Phnom Penh’s real estate market. The high-end of the market, most especially, has adjusted accordingly as the usual high-spending international buyers have stymied since travel restrictions were imposed.The Wealth Mansion, a project that started in June 2019, is one such project that has felt the pinch caused by the COVID-19 related quarantines. However, the developer belongs to the business who is starting to weather and thrive; going so far as to finish part of the project as scheduled.The Wealth Mansion’s construction team quickly adopted protective measures to ensure the continuous and smooth progress of the project - all without sacrificing quality control. The Wealth Mansion is currently progressing as planned with floors starting to rise. In these uncertain times, early buyers will be happy to know that their investment is progressing as promised.Located in the east bank of Chroy Changvar, the Wealth Mansion occupies a scenic view of the winding Tonle Sap and Mekong Rivers. It will stand 45-storeys tall with a height of 166 metres standing in a well-connected traffic network with multiple transport alternatives such as ferry and the planned city railway, according to its developer, Everhealth International Investment Development Co. Ltd.Key venues such as the new Municipal Hall and the Southeast Asian Games will be located in Chroy Changvar - both of which are only 2 kilometres away from the administrative and banking hub of the city. Major Cambodian cultural landmarks such as the Royal Palace and the Independence Monument are also just a short drive away.Ecological conservation meets elegant interiorsThe design of the Wealth Mansion integrates elements unique to the Chroy Changvar peninsula, such as the pleasant ambiance and the well-preserved ecology. The Wealth Mansion, set to be an innovative architecture with melded benefits of investment and residence, is designed by Rixing Design, the same designer of national pavilions of the World Expo.Accordingly, Wealth Mansion's architects made good use of natural ventilation and lighting with layouts consisting of a verdant facade, water features, central gardens on each floor, and open corridors. The Wealth Mansion is a comfortable dwelling on minimum energy consumption, thanks to the creation of an independent three-dimensional ecology.Wealth Mansion's smart floor plan enables every resident to have a unique life experience for its reasonable layout, aesthetic design, and practical functions. The two-bedroom apartment units' design focuses on bedrooms, kitchens, and balconies. The master bedroom comes with an en-suite bathroom. Residents can enjoy a more delicate family living atmosphere.Each apartment is fully furnished with modern equipment, appliances, IoT, and other fixtures especially the soft lighting that makes moving in a lot easier.Feature no.2: prime location for hospitality attracts two leading operators2ONYX Group, Thailand-based firm, has signed a contract with the developer of the project to operate its five-star apartment hotel, the first one in the district.ONYX Group is a leading company in hotel management with 50 years of business experience across the Asia-Pacific region with its core enterprise in the hospitality industry focusing on world-class efficiency and oriental etiquette.It is a good example of excellent international operations and professional ethics. In its property management sector, it values transparency and consistently works to develop strategic partnerships with owners. It focuses on the needs and concerns of the property owners as a business driving force and path to success. In addition, ONYX's Shama will operate hotel serviced apartments at the Wealth Mansion.Shama, who has advanced in serviced apartment management, is one of the leading internationally renowned brands that brings unlimited lifestyle to its customers and partners, with businesses in the Asia Pacific region, including Hong Kong, Shanghai, Guangzhou, Hangzhou, Chengdu, Daqing, Bangkok, Thailand, Melbourne, Australia, and Malaysia.Its achievements have been proven by a number of rewards such as the best-serviced apartment operator in Asia of Asia Hotel Awards 2012-2018, the best-serviced apartment operator of High Flyers Award 2017-2018 by Hong Kong Business, and the best luxury serviced apartments in China of the 10th World Luxury Hotel Awards 2016, to name a few.ONYX offers a wide portfolio of hospitality brands, including the market-leading Amari brand of hotels and resorts, Shama serviced apartments, and the mid-scale OZO hotels, design-oriented hotels YOO Collection and Yoo2, and Breeze Spa. With offices in major pan-Asian cities such as Bangkok, Shanghai, and Melbourne, it provides innovative management solutions across the Asia Pacific.Feature no.3:  top-tier facilities give you much more relishYou will not find a lack of luxurious experiences thanks to comprehensive services and plentiful first-class facilities provided by Wealth Mansion. There is a massive parking area with 830 parking spaces designed for convenient driving in and out.  Apart from a super comfortable lounge room at the lobby, a 400-sqm state-of-art fitness centre, 1,000-sqm swimming pool, stylish spa centre, restaurant/cafe, conference room/multi-function hall and more, will certainly give some highlights and a touch of lavishness to one's day-to-day life.  The property operator's dedicated engagement in 24-hour security, concierge service, and home cleaning service, all make your stay easy and peaceful.The Wealth Mansion is the confident debut of Everhealth International Investment Development Co., Ltd., to engage in real estate in Phnom Penh with its business philosophy of “to standardize, to maximize, to innovate, to lead”. The contractor is the state-owned enterprise, China Construction Third Bureau, which is dedicated to smooth delivery of the project by technical capabilities and quality control.The average sales price of apartments is $2,200/sqm. It is set to be handed over by the end of 2021. The developer provides a 2-year guarantee of a rental return and hotel-property operations carried out by Shama.

November 24, 1978, Shoppers at Valley View Mall pack the shopping center on the first day of the Christmas shopping season. Photo by Clint Grant.You’ve probably heard of Black Friday in one way or another, and the words “big discount” and “limited time offer” usually follow any advertisement of the event. With those key phrases plastered all over, it’s hard to miss any mention of it at certain times of the year. But have you ever wondered when it all started?In the United States, Black Friday is arguably a cultural event, stemming from the country’s strong consumer market, especially around the late-November and December holiday seasons. However, pinpointing the first-ever Black Friday, or even time frame, is not as clear-cut as the history of how diamonds became a staple of marriage proposals (also an interesting story).December 1947 - American shoppers visit stores in Manhattan for the Christmas holiday shopping season. The photo was taken from cntraveler.com “Vintage Photos: Holiday Window Displays at Stores Around the World” by Tara Bell.Black Friday’s history, shrouded in mystery, has led to several hypotheses of where the term came from. One of the most widely circulated explanations is through the accounting phrases known as “operating in the red” and “operating in the black”. If a business is “operating in the red”, the business may be spending more than what it’s earning, as denoted by the red ink used to denote debt in accounting books. On the other hand, “operating in the black” means the business is earning a profit from sales as the ink used is black. But this explanation only answers the “Black” in Black Friday, so, how did it come to be on a Friday?This one is a bit tougher to determine but it’s widely believed to come from its Thanksgiving association. Every Thanksgiving is celebrated on the fourth Thursday of November when families come together and give thanks to the blessings they received in the past year. Thanksgiving is also the unofficial start of the holiday shopping season in the United States. Hence, the Friday following Thanksgiving day itself is when retailers plaster big discounts to attract as many buyers as possible in the opening days of the holiday shopping season.Considering how big Black Friday has become, will something like this ever come to Cambodia? While discounts are not uncommon among Cambodian retailers, there’s never really been an industry-wide sale popularized in the same manner. But that is changing with Realestate.com.kh’s Black Friday Property Sale, the first-ever Black Friday sale in Cambodia.Real estate prices industry-wide have been dropping for the past few months, even among Cambodia’s top-tier developments. This presents a rare and unique opportunity for any prospecting homeowner in the Kingdom to get their dream home at more attractive prices during the Black Friday Property Sale.The event is scheduled on June 12, 2020 4pm to 8pm GMT+7. The Black Friday Property Sale will feature time-exclusive discounts on top-tier property from renowned real estate developers in the country.Register for FREE today at the Black Friday Property Sale website and mark your calendars in June 2020.Article by:

Looking for a home is a lot easier and definitely more affordable now than ever.And Realestate.com.kh’s Black Friday Property Sale is where you can find the top developments in Cambodia at the best possible prices. These are the first of many other top developers from across the Kingdom that have signed on and you’re an exclusive preview of your possible dream home!1 Chhne Dara Chan Chhne Dara Chan is the first large-scale property development on sale located in the central area of the Stardream Coast in Koh Kong. Its developer, Union City Development, designed Chhne Dara Chan after a holiday lifestyle and will become an icon of Southeast Asian community living consisting of low-density private real estate, hotel & resort, international commercial complexes, and leisure establishments surrounded by lush greeneries - almost sounds like a paradise, doesn’t it?Chhne Dara Chan is set to finish construction in 2021 just in time to ride Cambodia’s increasing appeal as a tourist destination. Investors interested in the property are given a 7% Guaranteed Rental Return by the developer.2 Baoli MansionBaoli Mansion is an iconic development located at the center of Phnom Penh. Its developer, Baoli (Cambodia) Real Estate Co., Ltd., is a major Chinese developer rolling luxury, comfort, and beauty into one development. Its home features are complemented by many of the city’s offerings perfect for families and young professionals looking to be at the heart of everything - an opportunity that makes Baoli Mansion an enviable place to be.Baoli Mansion has luxury units with spaces up to 55sqm. It’s also a one-stop-shop for all paperwork required by tenants and investors alike - the latter of which can get a 15% Guaranteed Rental Return!3 Phnom Penh Galaxy GardenThe Phnom Penh Galaxy Garden is a modern-inspired development located in the Sen Sok district. Developed by Jingdi Group, Phnom Penh Galaxy Garden focuses on amenities and facilities designed to transform your lifestyle into an even more comfortable one - with up to 48sqm units available! Sen Sok is a newly developed area ideal for families, businessmen, and even young professionals looking to live all the city has to offer.The Phnom Penh Galaxy Garden is expected to finish by 2023 and its developer guarantees a rental return of 6% to investors.4 Vue AstonVue Aston is a high-rise residential project in Chbar Ampov district with a great view of the mighty Mekong River. While away from the city center, it does still offer the same comforts without the hustle-and-bustle associated with the booming capital city. Vue Aston offers a variety of units in different sizes that could meet the requirements of people from all walks of life. They are complemented by facilities meant to complement your style of living.Vue Aston is a peaceful area surrounded by cafes, shops, banks, and enviable vistas afforded to those lucky enough to get a deal here! Vue Aston offers great value for money you should definitely check out.5 Garden OneGarden One is the premiere eco-focused development within the expanding concrete jungle of Phnom Penh. Cool breezes with lush greenies surround residents of Garden One and provide them with a sense of relaxation so treasured by many city-dwellers. Amazingly, it’s able to maintain this serenity even by being located in Toul Kork! A known busy district with no lack of commercial and entertainment options.Garden One is expected to be completed in 2022 with its developer, JianZhong YuTong Co.,Ltd, offering investors a 6% guaranteed rental return.6 Wealth MansionStores of wealth have become a recently important topic these past few months. And if you’re looking to protect yours, property in Wealth Mansion offers shelter for both you, your family, and their future. Wealth Mansion, as a residential property, offers a simple approach to modern living by making good use of sprawling spaces of up to 139sqm for a single unit. Amenities and facilities are elegantly designed yet very practical in everyday use.Wealth Mansion offers savvy investors a guaranteed rental return of 6% over 3 years. Garden One will soon be handed over to buyers in December 2021.7 Romdoul CityRomdoul City is a multi-tower condominium development in Sen Sok right along the Russian Federation Boulevard. Its developer, Romdoul Development, designed the project with families in mind as it is surrounded by markets, schools, hospitals, and shopping centers. Luxury living is well within reach in Sen Sok, all without breaking the bank.Romdoul City’s units are flexible when it comes to the needs of its buyers and are provided with basic equipment that can accommodate various lifestyles and family sizes.8 Leshen the Lord GardenRapid developments in Sihanoukville have made it a hotspot for new and savvy investors in South East Asia. Leshen the Lord Garden, developed by Leshenwe Real Estate Development, is a new residential project consisting of boreys and low-rise apartments - signifying Cambodia’s growing property market. It is surrounded by schools and markets, with the added bonus of being near Cambodia’s premier beachfront!Leshen the Lord Garden is set to be completed by 2020, further adding to Sihanoukville’s increasingly impressive collection of residential and commercial investment opportunities.9 Urban VillageAffordability and luxury, two words you wouldn’t see in one sentence. But Urban Village, co-developed by Urban Living Solutions and Goldfame Group, has brought this new brand to Phnom Penh’s vast residential market. It is located in Meanchey district, towards the south of the capital city’s center. Its in-house comforts are complemented by the many establishments that surround it such as the AEON Mall, Sofitel, and of course, the modern conveniences of being close to a CBD.Urban Village has begun its handover operations but there are still units with sizes up to 148sqm. Families and young professionals, looking to establish a good life are bound to see success in Urban Village.10 Bodaiju ResidencesThe Bodaiju Residence is the first and biggest Japanese residential development in Cambodia. Located in Por Sen Chey district, it is close to many of Phnom Penh’s top schools and is surrounded by many dining and shopping options - a combination ideal for many families and would-be ones! Bodaiju was completed in 2018 and was designed by a team of Japanese and French architects.Family comforts and amenities can be found all throughout the property. And with Cambodia’s continued growth, Por Sen Chey is set to be one of the upcoming residential picks of both local and foreign buyers.11 One ParkOne Park is a residential development located within the Daun Penh, the de facto Central Business District of Phnom Penh. One Park was developed by Graticity Real Estate Development Co.,Ltd. One Park is a large residential community enclosed by a 33,000-sqm green zone with garden-style residences with an accompanying commercial area. This development puts emphasis on natural beauty and open spaces.One Park, considering its location, would meet the needs of anyone looking to move-in with everything they need right at their doorstep. One Park was finished in 2019 and its property management offers an expected rental return to 10%.12 Borey VIPBorey VIP is among the many modern housing projects in Khan Dangkao, a fast-developing area in the suburbs of Phnom Penh. The best and the most interesting things about Borey VIP is its ideal location, reasonable rates, and generous payment terms that make it accessible and affordable to people across different markets.Borey VIP is ideal for families as it is close to banks, schools, restaurants, cafes, recreation/sports facilities, and entertainment centers, and is only 20 minutes away from Phnom Penh City Center.13 The Peninsula Private ResidencesThe 25-storey Peninsula Private Residences is located in Chroy Changvar, a fast-developing district of Phnom Penh. The Peninsula Private Residences has 161 residential units each with a balcony, with studio to 3 bedrooms, sizes ranging up to spacious 237 sqm. These modern-style units are beautifully designed and built, fully-furnished with internationally-branded furniture and appliances. The Peninsula Residences complements these comforts with great views of the city, a fully-equipped gym, rooftop pool, and so much more. All of these combined put The Peninsula on top of the residential choice in the up-and-coming district of Chroy Changvar.14 Parc 21 ResidenceParc 21 Residence is located in the cosmopolitan district of Chamkarmon. Parc 21 offers a range of compact to spacious units, perfect for individuals and families looking for good value while being close to everything Phnom Penh has to offer such as banks, retail shops, cafes, restaurants, and even shopping malls. Additionally, Parc 21 complements their mid-priced units with a gym and even an infinity pool. Parc 21 is definitely one of the top-choices when it comes to accessibility and comfort without breaking the bank.15 The ParkwayThe Parkway is one of the latest developments in Phnom Penh and should be on your shortlist. The Parkway is located in the highly urbanized district of Toul Kork while giving residents a home that satisfies the luxurious comfort they deserve. The Parkway is also conveniently at the mid-point of many commercial landmarks such as TK Avenue and AEON Mall 2. International schools, hospitals, and other retail outlets also dot the immediate surrounding of The Parkway. These city staples are easily accessible by the same roads that lead to other parts of the city. If simple elegance with a great location are your priorities, then definitely check out The Parkway!16 The SkylineThe Skyline is an iconic development in the 7 Makara district offering freehold property ownership. It is a mixed-use development that combines luxury and practicality for residents looking to simplify their lives. Units of the Skyline are carefully designed to provide the utmost comfort of urban living. Living at the Skyline also gives residents the enviable opportunity to get to anywhere in the city; from tourist attractions such as Wat Phnom and Riverside, to more business-oriented locations such as the CBD of Daun Penh and BKK1. The Skyline makes itself a great home for both locals and foreigners looking to live at the very heart of the Phnom Penh.17 The Sky Park The Sky Park is a luxury condominium project sitting on a total area of 5,600 sqm of a prime site. The Sky Park is the first high-rise development in Siem Reap city, a famous Cambodian town known for being home to the world’s biggest religious site, Angkor Wat​. The Sky Park is the only project from Siem Reap province to join the country’s first Black Friday Property Sale and there will be a huge discount offered during this limited-time sale.While enjoying the country’s ancient city vibe, residents at the Sky Park can also indulge themselves with a new lifestyle and a new housing option that has never been available before that comes with modern amenities and services.The Sky Park is situated in a great location close to shopping malls, restaurants, bars, marts, and more. For instance, It takes only five minutes to go to the city’s biggest mall, Heritage Walk Shopping Center and 10 minutes from Siem Reap International Airport. All the units at the Sky Park range from 55 to 121 sqm and come fully-furnished with high-quality products and equipment.18 The Hexa Condo The Hexa Condo is a 31-storey condominium project in Russey Keo developed by SJS Construction & Development, a Taiwan-based developer. Its location in Russey Keo puts it just north of Daun Penh CBD while being an arm's length away from largely commercialized suburbs like that of Sen Sok and Toul Kork. High-quality yet affordable, the Hexa's residential units provide Phnom Penh's property hunters a rare opportunity to acquire luxury properties with 5-star amenities such as rooftop bars and pools, at the best prices possible. And with the Hexa joining Black Friday Property Sale, the prices on these top-tier developments are getting even better!19 La Vista One  La Vista One stands at 41-stories in the up-and-coming Chroy Changvar district, an area with grand developments in both residential and commercial offerings. La Vista One, much like its name, offers a spectacular view of both the Mekong River and Tonle Sap River, the two major bodies of water passing through Phnom Penh. La Vista One is one of the few residential developments with comforts truly blessed by nature's touch.20 Prince International Plaza Prince International Plaza is an upcoming landmark development along the famed Russian Federation Boulevard. It integrates residential, business, shopping, and entertainment options into one mixed-use development. Residents will be living in a city of their own with residential, office, and other commercial towers right at their doorstep. The wider Phnom Penh is also accessible to Prince International Plaza's convenient position within the city's busiest areas. The Prince International Plaza is set to open this year, and this is your chance to gain residence here at the best price possible!21 Udong 70Out of all developers on this list, none have yet to offer the very basics of real estate: bare plots of land. Udong 70 joins the Black Friday Property Sale to offer property hunters the opportunity to own land plots - with an exclusive discount! Cambodia’s growing appeal as the next investment destination has led to developments springing up left and right. Udong 70’s portfolio during the Black Friday Property sale could be the big break investment gold mine you need!22 The Premier Land Sen SokThe Premier Land Sen Sok is a borey developer bringing their wide selection of landed property to the Black Friday Property Sale! The Sen Sok district is known for its wide range of current generation residential options, namely, The Premier Land. This borey is well-known for its enviable proximity to the renowned AEON Mall 2, the biggest mall in Cambodia as of date. While it’s close to a prominent shopping center, The Premier Land Sen Sok also boasts its own array of commercial establishments well within its property. And given its illustrious retail and entertainment options, it's worth saying its residential options are no slouch as well! This borey features multi-bedroom shophouses of up to 6 bedrooms and bathrooms!Its location is definitely a prized area which only sees its price increase every year. However, a good number of properties here would be getting a big discount, exclusively for the Black Friday Property Sale.23 Borey Sambath Meanheng IIIBorey developments have come a long way in terms of modern aesthetics and interior design. Borey Sambath Meanheng III, located in Sangkat Niroth, is a great example of the many leaps and bounds landed property developers in Cambodia have put into their current portfolio of properties; wide living spaces, clean facades for both residential and commercial units, and a secure gated commune with a great sense of community are hallmarks of this borey’s primary offerings. And with the Black Friday Property Sale around the corner, Borey Sambath Meanheng III is offering its units up for the biggest discounts the Cambodian real estate market is going to see in a long time!24 Borey Bakong VillageSiem Reap is more than just a tourist destination, it has also become a prime destination for new borey developments. The city’s growth has spurred a change in residential preferences, and Borey Bakong Village has created a suburban haven for the next generation of Siem Reap’s residents. Contemporary design, sleek aesthetics, and a minimalist approach that defines modern-day living are this development’s highlights. Fortunately, the Black Friday Property Sale is just around the corner - where you can get a big discount on shophouses and villas from Borey Bakong Village.25 The Boulevard by Natha ResidenceThe Boulevard by Natha Residence is a borey development soon opening right along National Road 2 close to Hun Sen Boulevard. While boreys have certainly formed an identity to be gated communities, The Boulevard by Natha Residence takes it a step further by constructing a commune similar to the feeling of a small town; complete with beautiful shophouses and plenty of amenities that make the Cambodian suburban life all the more comfortable. Find yourself a new home - with a big discount - in The Boulevard by Natha Residence during the Black Friday Property Sale.26 Borey Ly SovannBorey Ly Sovann is a community development in Chbar Ampov that features linked houses/shophouses. The Chbar Ampov district itself has seen significant improvements and has become a contender as a destination for borey properties in the market. A number of schools, markets, restaurants, and entertainment venues dot the surroundings of Borey Ly Sovann, with more amenities to be built as the district’s potential flourishes. Borey Ly Sovann is definitely a contender in the Black Friday Property Sale as its incredibly reasonable price is getting even better!27 Mekong View Tower 6Mekong View Tower 6 is a luxury condo and serviced apartment located in Chroy Changvar, providing spectacular views of the Tonle Sap, and Bassac Rivers. Equipped with high-end amenities and facilities, starting from the top roof bar and lounge, pool, and club, to a business center and a restaurant with banqueting and catering facilities. The accommodation is unrivaled, every spacious apartment having a wide range of creature comforts such as cable tv, broadband internet, and Wi-Fi facilities. You can get a great deal on this luxury condo during the Black Friday Property Sale.28 Premium Group Flat HousesReasonably priced homes are getting easier to come by almost every year. And with Black Friday Property Sale, great value properties are even getting better! The Premium Group Flat Houses are one such development that delivers good home quality at a good price. Spacious and practical, flat houses in its portfolio are ideal for small families who want to enjoy the perks of modern residential comforts without breaking the bank.29 Borey KS ResidenceBorey KS Residence is a development located southeast of Phnom Penh within the Kandal province. It focuses on constructing beautiful shophouses and linked villas to meet the high demand for these types of properties. A total of 200 units will be available, spreading across a sprawling area of 34,097 sqm. Commercial areas such as restaurants, bars, convenience stores, and coffee shops surround the area, giving residents plenty of space to enjoy themselves with, regardless of whether they’re families or living by themselves. Borey KS Residence is definitely worth checking if a serene life outside the city limits is what you’re looking for!This is just a taste of the many developers who have signed up for the upcoming Black Friday Property Sale. Realestate.com.kh will be revealing more developers in the weeks leading up to the event itself in June.Realestate.com.kh created the Black Friday Property Sale to give property buyers, especially Cambodians, a chance to buy their dream home at more affordable prices. This is a once-in-a-decade opportunity any decent home buyer should not miss out on!Registration for the Black Friday Property Sale is free and easy. Simply visit our registration website and sign-up in under 3 minutes.If you are a developer and want more information about this event please contact:Nin Kang+855 78 637 323+855 93 552 305nin.kang@realestate.com.khSoun Sumey+855 77 241 285mey.soun@realestate.com.khIf you are a real estate agency, media platform, bank or related business and want to join as an affiliate please contact:Chen Huyhong+855 98 526 671cheng.huyhong@realestate.com.khTrixia General+855 17 870 064trixia.general@realestate.com.khAlexander Sing+855 15 583420+61 434 644 957 (WhatsApp)Alex.sing@realestate.com.khSun Rattanak+855 17 884 161rattanak.sun@realestate.com.khArticle by:

(From left to right) Mr. Chan Sy, Mr. Meas Nget Veasna, and Mrs. Pich Sreymom - NAKI REALTY's senior management opened their new office in BKK3. Supplied.PHNOM PENH, CAMBODIA - The Kingdom’s real estate sector maintains interest amid its fight to keep cases of COVID-19 to relatively low levels. NAKI REALTY, a real estate company established in 2015, continues to thrive through its portfolio of real estate projects that continue to gain high interest from both local and international clients.Last May 7th, 2020, NAKI REALTY’s CEO, Pich Sreymom announced the opening of its new branch along Preah Monivong, Boeung Keng Kang III. The CEO spoke during the opening ceremony, sharing that while the pandemic has caused disruptions in market’s status quo, NAKI REALTY is still seeing healthy activity as both local and international investors see the potential of the Kingdom’s real estate sector and are still keen on pursuing opportunities to invest and get their location ready in time.Ms. Pich Sreymom thanks all of their clients who have kept their trust and support for NAKI REALTY. She renewed their commitment to continue providing them the high-quality service they deserve. To learn more about NAKI REALTY’s services, you may visit www.nakigroup.com.The opening of a new office is expected to be an extension of NAKI REALTY's quality real estate services. Supplied.Agents and staff of NAKI REALTY attending the opening event for their new office along Preah Monivong. Supplied.NAKI REALTY's CEO, Ms. Pich Sreymom, spoke during the opening event citing strong interest from both local and international clients. Supplied.Are you ready for the biggest online property sales event in Cambodian real estate? Register now at our Black Friday Property Sale site.If you are a developer and want more information about this event please contact:Nin Kang+855 78 637 323+855 93 552 305nin.kang@realestate.com.khSoun Sumey+855 77 241 285mey.soun@realestate.com.khIf you are a real estate agency, media platform, bank or related business and want to join as an affiliate please contact:Chen Huyhong+855 98 526 671cheng.huyhong@realestate.com.khTrixia General+855 17 870 064trixia.general@realestate.com.khAlexander Sing+855 15 583420+61 434 644 957 (WhatsApp)Alex.sing@realestate.com.khSun Rattanak+855 17 884 161rattanak.sun@realestate.com.kh

The Black Friday Property Sale is the biggest real estate event coming to prospecting homeowners and investors in Cambodia. With the best deals being exclusively offered in the event, Realestate.com.kh is making it easy for you to register and get your dream home at the best price possible!Simply follow these 3 easy steps and register TODAY so you’re ready for the Black Friday Property Sale happening on June 12, 2020 from 4:00pm to 8:00pm GMT+7.Step 1: Go to the registration siteThe official registration URL for the Black Friday Property sale is: https://propertysale.realestate.com.kh/Once you get to the site, fill out all the required information. It’s important you fill these out so developers know how to contact you and for us to properly assist you if needed.Step 2: Get SMS CodeUpon filling out all the required fields, you’ll need to click the “Send me SMS” for our system to send a code to your registered mobile number.Input the code sent to your phone and you’re just one step away from completing the registration!Step 3: Confirm all your information and click register!We suggest reviewing your inputted information. Once that’s done, click on the “Register to the event” button at the bottom of the registration page. And you’re done! Congratulations, you’re now registered for the Black Friday Property Sale!You’ll get another SMS from us confirming your registration and a link to a PDF containing more information about the Black Friday Property Sale.All these steps can be complete in under 3 minutes! If you have family, friends, or know anyone who is looking to buy their dream home, now is the time to buy property and get the best deals during Realestate.com.kh’s Black Friday Property Sale.Congratulations on registering, see you at the online event!If you are a developer and want more information about this event please contact:Nin Kang+855 78 637 323+855 93 552 305nin.kang@realestate.com.khSoun Sumey+855 77 241 285mey.soun@realestate.com.khIf you are a real estate agency, media platform, bank or related business and want to join as an affiliate please contact:Chen Huyhong+855 98 526 671cheng.huyhong@realestate.com.khTrixia General+855 17 870 064trixia.general@realestate.com.khAlexander Sing+855 15 583420+61 434 644 957 (WhatsApp)Alex.sing@realestate.com.khSun Rattanak+855 17 884 161rattanak.sun@realestate.com.khArticle by:

Real estate experts are sounding the alarm: property prices are starting to drop! And Realestate.com.kh is giving you the chance to snag your dream home with the biggest discounts ever seen, all in one place - the Black Friday Property Sale.The Black Friday Property Sale, happening on June 12, 2020 from 4:00pm to 8:00pm GMT+7, is the first online-exclusive property sale where buyers can take advantage of great deals from Cambodia’s best developers. If you’re not yet convinced, here’s a summary of the biggest benefits by joining this limited time property sale:Big discountsBig discounts and massive selections go hand-in-hand in any Black Friday sale. Realestate.com.kh is delivering the same value to homebuyers and investors in Cambodian real estate as it puts all the best properties and slapping them with the biggest discounts - all in one place!Once-in-a-decade opportunityIt’s no stretch of the imagination that these discounts are part of a real estate market cycle that only happens every few years. It’s a time where the savviest investors buy the best properties at the lowest price possible, making their value margins better than any other time of the decade. This goes to show that the best way to profit off your property investment is not by selling high, but by buying low!Top-tier developmentsJust because these have the biggest discounts ever seen, doesn’t mean they’re your mediocre selections! Realestate.com.kh has built a strong relationship with Cambodia’s top developers and has partnered with a number of them to deliver their best developments at the best prices exclusively for the duration of the Black Friday Property Sale.Safe and documented transactionsRealestate.com.kh makes it a point that the developers (and their developments) participating in the Black Friday Property Sale are properly registered with the Cambodian government. So, when the time comes that the property is transferred, all the buyer has to worry about is signing that title transfer!Refundable reservation feeBuyers can reserve a property that they like with a refundable reservation fee of 500 USD. Realestate.com.kh understands that property investments are big commitments, especially in these uncertain times. That’s why buyers, who did not pursue the properties they reserved, can refund their deposits within a certain amount of time.Are you ready for the biggest online property sales event in Cambodian real estate? Register now at our Black Friday Property Sale site.If you are a developer and want more information about this event please contact:Nin Kang+855 78 637 323+855 93 552 305nin.kang@realestate.com.khSoun Sumey+855 77 241 285mey.soun@realestate.com.khIf you are a real estate agency, media platform, bank or related business and want to join as an affiliate please contact:Chen Huyhong+855 98 526 671cheng.huyhong@realestate.com.khTrixia General+855 17 870 064trixia.general@realestate.com.khAlexander Sing+855 15 583420+61 434 644 957 (WhatsApp)Alex.sing@realestate.com.khSun Rattanak+855 17 884 161rattanak.sun@realestate.com.khArticle by:

Despite facing a labour crunch and supply delay in the market, China Railway Urban Construction Group Co., Ltd (CRUCG) has risen to the challenge by getting in place the necessary resources to speed up the construction progress for The Peak Project.“We sincerely thank Oxley Gem (Cambodia) Co., Ltd (Oxley Gem) for entrusting CRUCG with the opportunity to take over this iconic project. Their relentless support and guidance have been highly instrumental in letting us achieve this remarkable progress in barely two months since we started work in March 2020” said, Mr Jia Ruo Hua, General Manager of Branch of CRUCG in Cambodia.Oxley Gem highly commends CRUCG on their resolute commitment and effort to focus on their work on the project and is very pleased to learn that CRUCG has implemented thorough safety measures to provide a safer workplace in light of the Covid-19 situation.“It is easy to make promises during good times but difficult to deliver results, especially in this current challenging climate. With a strong and experienced developer like our partner, Oxley Holdings Limited, we were able to rapidly turn the situation around to work towards the successful completion of this project,” Chairman of Worldbridgeland (Cambodia) Co., Ltd Oknha Rithy Sear said.At the same time, Executive Chairman and CEO of Oxley Holdings Limited Mr Ching Chiat Kwong also expressed his appreciation for his Cambodian partner, “Worldbridgeland has always been a most trusted and reliable partner. We value our partnership with Worldbridgeland and will continue to work closely with them to achieve good results for our projects in Cambodia.”Realestate.com.kh is proud to bring the first Black Friday Property Sale to the Cambodian real estate market. Register now to secure the never-before-seen big discount from projects across Cambodia.

“A new normal” is a phrase being thrown around in a lot of industry news nowadays. While that’s certainly an observable phenomenon, COVID-19 in the context of the financial and real estate markets is seen as part of a decades-long cycle - a source of much boon to savvy investors.Stock markets, starting from the 1980s, have seen bullish performances, save for a few key phenomena that pulled the trend downwards. These markets grew exponentially in the latter part of 90s when the Chinese economy increased its participation in the global economy, culminating in its accession to the World Trade Organization (WTO) in 2001 which resulted in global stock markets to peak.Then in what appeared to be bad years, the Asian financial crisis in 1997 and was followed by the SARS outbreak 1997. Whatever growth was seen plummeted as quickly as they rose, resulting in a 5-year setback. A majority of countries with confirmed cases saw reduced economic activity much like what we’re seeing with COVID-19 today.But once SARS became under control, markets immediately picked up and eventually surpassed the peak experienced in the early 2000s - until the US housing bubble burst in 2008.Again, property markets suffered and hundreds of thousands of people lost their jobs. Economic activity slowed, reminiscent of the crisis experienced earlier in the decade. Considering how global financial markets were connected, the impact of the 2008 crisis was more severe. This resulted in a relatively slow recovery and it took close to a decade for the wider consumer market to regain pre-crisis confidence.COVID-19 seems to be the viral outbreak version of the 2008 financial crisis. How the world has become interconnected has certainly contributed to how fast and how widespread the disease grew into a pandemic, and from the looks of things, the fears of COVID-19 will likely last until a vaccine finally rolls out.This presents a small window of opportunity to purchase a wide variety of properties below pre-crisis market values. But, as the wider market is affected by job losses and overall economic slumps, some considerations will have to be made by property investors.First, as the rental market is huge in Cambodia, investors who own rental properties will likely have to rely on western and other foreign tenants to occupy their vacancies. However, this does not mean landlords can charge the same rentals as before, concessions in terms of rentals will likely have to be made to keep current tenants and even attract new ones.Second, for those yet to get their feet into the property market, they should only purchase developments that are finished, close to finishing, or are from a reputable developer to mitigate development risks.Third, landlords who put out leases may have to compromise on annual increases. For example, instead of 15% increase over 3 years, this may have to be scaled back down to 5% for 3 years.Fourth, investors may need to look at buying property below replacement cost. That way rentals cannot go down as much as new properties will cost a lot more to be developed.The biggest profit in real estate is not made in selling but through purchasing at record low prices. COVID-19 is one of those once-in-a-decade phenomena where savvy investors can turn the biggest profits through the least amount of capital risked. The only thing that’s certain right now is that the pandemic is temporary and that means markets will soar much like they did after the global financial and health crisis experienced in the past 3 decades.Realestate.com.kh is proud to bring the first Black Friday Property Sale to the Cambodian real estate market. Register now to secure the never-before-seen big discount from projects across Cambodia. Article by:

Best prices ever seen in Cambodia Real Estate, Friday the 12th of June, 4 hours onlyRealestate.com.kh is proud to announce the launch of the first ever Online Black Friday Property Sale, which will take place on Friday the 12th of June from 4:00 pm-8:00 pm (Cambodian time). The Black Friday Property Sale will be the biggest online sales event in Cambodian history, where property hunters can buy their dream home at the best discounted prices ever seen.Realestate.com.kh Black Friday Property SaleDATE: June 12, 2020TIME: 4:00: - 8:00 GMT+7 (4 HOURS ONLY)Biggest discounts from Cambodia’s leading developers100% free to register$500 Fully Refundable Reservation Fee on the day to reserve the discounted priceFor a limited time only, property hunters can grab the best deals of the year from Cambodia’s top developers. Buyers must pre-register to the event here and use an affiliate code when registering. Realestate.com.kh and its partners will send valuable information to pre-registered attendees in the lead up to the event and provide a guide as to which properties will be available and what some of the best discounts are that will be offered during the 4 hours. However, full details of all discounts and properties will not be revealed until the online event opens.Once the event launches at 4:00 on Friday the 12th of June buyers will be able to find their favorite property and reserve the discount by paying a fully refundable deposit of $500 USD on the day. Buyers who reserve a unit during the 4 hours will then be provided a minimum of 14 days to choose the actual unit with the developer, discuss terms and sign a sales and purchase agreement. If in any case, the buyer does not follow through with their purchase they will be fully refunded their $500 reservation fee.Lessons from previous economic downturns indicate that property prices dip and eventually bounce back; presenting a small window where buyers are able to acquire properties at significantly more attractive prices. Realestate.comkh’s Black Friday Property Sale seeks to deliver that opportunity to local buyers and international investors in the Kingdom of Cambodia.Realestate.com.kh will be working with Cambodia’s hottest and most popular developments in the market as well as all the leading real estate agents and agencies with the intention of reaching as many buyers as possible both locally and internationally.Due to current quarantines and restrictions, conventional offline means of marketing property is severely hampered - making it especially difficult to reach target markets. The Black Friday Property Sale is an online event where developers can reach their audience and acquire buyers even during these times. Interested developers are encouraged to reach out to Realestate.com.kh urgently.Given the opportunities for great deals, Realestate.com.kh is inviting the leading real estate agencies, media platforms and other real estate related businesses to join as affiliates. Joining our affiliate network will allow our partners to benefit from every successful deal made via their database and website traffic. Interested parties may apply to become an affiliate through our affiliate managers.Realestate.com.kh has been at the forefront of connecting buyers, developers, and agents and contributing to Cambodia’s real estate market growth since 2009. The Black Friday Property Sale objective is to pursue this growth despite the necessary quarantines through continued online marketing efforts.Some of Cambodia's leading real estate agencies, media platforms, and other related businesses have already signed up as affiliates to bring the exclusive discounts to their own databases and online traffic including Cambodia Properties Limited, Juwai IQI Cambodia, Yi Fung Real Estate, Knight Frank Cambodia, Coldwell Banker, Rentex, Skylead, Century21 Dream Property, Khmer Times, BizKhmer, Panasia Life, Tnaot News and more! If you are a developer and want more information about this event please contact:Nin Kang +855 78 637 323+855 93 552 305nin.kang@realestate.com.khSoun Sumey +855 77 241 285 mey.soun@realestate.com.khIf you are a real estate agency, media platform, bank or related business and want to join as an affiliate please contact:Chen Huyhong+855 98 526 671cheng.huyhong@realestate.com.khTrixia General+855 17 870 064 trixia.general@realestate.com.khAlexander Sing+855 15 583420+61 434 644 957 (WhatsApp) Alex.sing@realestate.com.khSun Rattanak+855 17 884 161rattanak.sun@realestate.com.khArticle by:

A lot has been shared about how COVID-19 will shift the landscape of tourism and retail. But not a lot has been said about real estate, which arguably has a bigger impact on economic growth due to the industry’s importance to the businesses that operate within the aforementioned sectors. After all, most businesses need an office to operate out of.Office spaces in the Kingdom are concentrated in Phnom Penh, particularly in the districts of Daun Penh, Chamkarmon, Boeng Keng Kang (BKK), and 7 Makara, according to Knight Frank’s H1 2019 real estate report. During this time in 2019, the growing supply of office spaces available kept rental quotations at a flatline due to the increasing supply; a supply expected to swell from 400,000 sqm to over 1 million sqm post-2021.This coincides with CBRE’s Fearless Forecast 2020, an annual forum for real estate professionals, which expects a softening of office space rentals throughout the year due to a rapid influx of new office spaces, save for Grade A units.While the growing supply of office spaces has stymied the growth of rental quotations, the outbreak of COVID-19 has certainly tipped the market over the threshold, according to the latest report released by CBRE earlier in April 2020. The already-hard-to-fill office spaces have become even harder to fill as fears of the contagion negatively affect the confidence of many businesses.Consequently, a growing number of companies in the Kingdom have opted for a work-from-home scheme as a compromise approach to keep business running while limiting the risk to their workforce. Prior to the outbreak of COVID-19, work-from-home schemes have been on the fringes of work setups, but it is likely to become more mainstream the longer the pandemic persists - a creeping challenge to office developers throughout the world.The office space market in Cambodia, however, has been facing other challenges prior to the outbreak of COVID-19. Part of the oversupply factor is the rise of strata-titled offices in Phnom Penh. These new office leasing schemes work similarly to strata-titled condominiums where each unit or floor space has a different owner. While this scheme is still in its infancy, it does present itself as an alternative to tenants looking for more flexibility.Co-working spaces, popular in Western countries, have also taken root in Phnom Penh. Young entrepreneurs have been increasingly attracted to co-working spaces as it offers a good means for capital growth and affords small businesses the flexibility they need to operate as opposed to strict and long-term commitments from conventional offices.Rent growth is correlated with job growth across global office markets. The office market will likely not see either one in the short-term, at least. COVID-19 has shifted the work setup paradigm, and if office developers are to compete within the shrinking market for tenants, adjustments to conventional lease terms will have to be made.Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open.For more information, please contact:Nin Kang (Khmer/ English/ Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khArticle by:

Last April 9, 2020, the government announced a national restriction on movement throughout Cambodia until April 16. The decree prevents ordinary citizens from travelling between provinces as a measure to prevent further spread of the highly infectious COVID-19 disease. The only exemptions to this decree are military transports, ambulances and other medical staff, government officials on official business, and transports containing essential goods.While the measure lasts for just 7 days, it does highlight the need for a sustainable way of maintaining a healthy supply chain of essential products if a full quarantine, especially for an indefinite amount of time, is ever enacted in the Kingdom.According to a report from the Wall Street Journal, the market for storing and distributing goods has become volatile in the United States. The sweeping quarantine measures have wreaked havoc on the world’s largest economy and disrupted established “just-in-time” networks of maintaining supply. The disruption in the supply chain, according to the report, is largely due to the changing consumer market behaviour due to COVID-19.The temporary shutdown of non-essential businesses in affected countries has caused supply pipelines to clog as non-essential products such as apparels and electronics - which normally see fast turnover - have ground to a halt and are moved back to storage. At the same time, warehouses are starting to accommodate an increasing number of food, medical, and other essential supplies at larger quantities to meet the sharp turn to new and greatly increased demand.Though it is not just any type of warehouse that may see an increase in use during the pandemic.Temperature-controlled warehouses and cold storages may be of particular significance for food storage if consumers, especially in big cities like Phnom Penh, are to resort to ordering groceries online. Other warehouses, specifically capable of maintaining the sanitation of medical gear and other supplies will also be of special significance in the Kingdom’s fight against the coronavirus.Packing warehouses will be of equal importance as adequately storing essential products is only half the battle. Properly packaging and efficiently distributing basic consumer goods will give Cambodians a sense of security and normalcy even during a pandemic.The Cambodian government, through its ministries, has assured the public that the Kingdom has enough resources in terms of food and medical essentials to combat the spread of COVID-19. The private sector has also stepped up by importing additional food resources earlier in the year to ensure the fulfilment of local demand.At the time of reporting, the Kingdom’s numbers are relatively low compared to its South East Asian neighbours; there have only been 122 confirmed cases in Cambodia. Of these, 96 have already recovered from COVID-19.Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open.For more information, please contact:Nin Kang (Khmer/ English/ Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khArticle by:

10 April 2020- Oxley Gem (Cambodia) Co., Ltd, (“Oxley Gem”) commended the great effort put in by China Railway Urban Construction Group Co., Ltd (“CRUCG”) since they took over as the new main contractor for The Peak project.Just within a month after CRUCG started construction work on 11 March 2020, they have proven themselves to exercise a high level of professionalism and experience in managing the site.(CRUCG officially took over site and construction works / supplied)“We have invested a lot of time and resources to get our full team on board. A lot of sub-contractors and workers who signed contracts with CRUCG are also highly motivated and supportive to make sure the project is well completed.” quoted Mr Jia Ruo Hua, General Manager of Branch of CRUCG in Cambodia.Oxley Gem hereby wish to thank the Cambodian government, partners, investors and all other stakeholders for their patience and understanding on the appointment of a new main contractor over the past few months. The immediate result of the work progress goes to prove that this move was a right and timely decision in the best interests of the project.Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on 7th and 8th August at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open.For more information, please contact:Nin Kang (Khmer/ English/ Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.kh

How has the Cambodian property industry been dealing with COVID-19’s global outbreak? The construction sector is continuously seeing approvals with on-going constructions carrying on - keeping it far from stagnation, according to a government report.A key example is the continued construction of the expressway connecting Phnom Penh and Sihanoukville. The momentum of large projects remain undeterred as Cambodia has not experienced a massive outbreak of the virus compared to other countries. It is expected that once the crisis ends, the construction and property sector will bounce back with more interest and activity.Although Cambodian properties have grown more attractive to property investors from abroad, it is important to remember that its appeal largely depends on the returns and its other potentials. Foreign investors will definitely be looking at the quality of the property as a prime selling point.In fact, “quality consumption” has gradually become a staple of modern lifestyle. This new must-have can also be seen being adopted on clothing and food and interestingly highlights the importance of brand trust. When it comes to property hunting, developers establishing a brand image are adopting quality consumption through better finance and a show of strong and expert level of operations management.Quality products mean greater potential for appreciation in a growing market while offering plenty of buoyancy against a bearish market. COVID-19 has certainly made a distinction between developers you should and shouldn’t be looking to for your hard-earned wealth.Prince Happiness Plaza is built by the Prince Real Estate Group, a leading real estate developers in Cambodia. The group owes its reputation of being quality developers of residential and commercial projects to its professional relationships built and its expert way of managing its various operations in the Kingdom.Prince Real Estate Group boasts several projects in Phnom Penh and Sihanoukville, including high-end complexes and central business landmarks such as the Prince Central Plaza, Prince Modern Plaza, Prince Times Plaza, Prince International Plaza, Prince Happiness Plaza, Prince Tian Xi Wan, Prince City Center, Prince Blue Bay Palace, Prince Smart Garden, Prince Koh Takeiv and many more in the pipeline.Every development is preceded by meticulous research on any area. This is then followed by strict planning born of years of experience in the industry. As a result, Prince Real Estate Group has delivered many properties worthy of the word-of-mouth recommendations it has received over the years.As the saying goes, a gigantic tree is a great source of shelter. Likewise, the Prince Real Estate Group offers a great way for investors to preserve their wealth. Its projects alone have covered a titled land area exceeding 12 million sqm and a total floor development plan of more than 20 million sqm, which adds up to over 2 billion USD in investments.But property investment is not just about the property itself. It is also very much about the surrounding environment and facilities offered in the area. The value and the rental return of the investment is directly related to the growth and prosperity of its neighbourhood.Prime location is the first step to wealth security and growthIf you’re considering the potential for appreciation, the surrounding convenience, amenities and other upcoming developments in the area could give you a picture of future returns.Prince Happiness Plaza is a top-class development located in the south of Phnom Penh. Its location ticks all of the important boxes of a project with a high potential for appreciation. For example, Khan Meanchey, the district south of Prince Happiness Plaza, is seeing plenty more commercial developments in the coming years.Residents are guaranteed a great atmosphere with Prince Happiness Plaza’s excellent selection of facilities. It’s also worth mentioning that it sits right in the hub of embassies including Australia, Thailand, Japan, Russia, South Korea, and Malaysia.It is also just a stone’s throw away from major tourist attractions such as the National Museum, the Independence Monument, and the Royal Palace. Major shopping markets and malls such as PH ECO Mall, Russian Market, Central Market, AEON Mall 1, and the upcoming AEON Mall 3. Prince Happiness Plaza has a great selection of surrounding schools such as the International School of Phnom Penh (ISPP), ZAMAN International School, and the Royal University of Law and Economics. The benefits of its location does not stop there.Health and fitness are important to any investor, and Prince Happiness Plaza meets these needs. The First Center Polyclinic, the Bayon Hospital Phnom Penh, and the Olympic Stadium are a short drive away. The Sofitel Hotel and NagaWorld are close by for high-class recreational activities, giving residents of the plaza a range of dazzling indulgences befitting their lifestyle.The Prince Happiness Plaza sits along Monivong Boulevard and is relatively near where Monivong, Road 271, and Hun Sen Boulevard all merge - allowing for quick access to the heart of Phnom Penh, the airport, and basically anywhere else in the city! Owning property in the Prince Happiness Plaza is an ideal way of protecting and growing one’s wealth based on a safe and prosperous location in the south of Phnom Penh.The current health crisis will pass eventually, and activities will resume - it’s all a matter of time. All of these events have shed light on the importance of good investments on good name brands, especially in something as essential as a home.Realestate.com.kh is proud to bring the first Black Friday Property Sale to the Cambodian real estate market. Register now to secure the never-before-seen big discount from projects across Cambodia.