When you purchase property or land  is critical to obtain outright ownership in order to feel secure about your new asset. To complete the process for transferring land titles of ownership, there are particular steps that need to be followed, documents that need to be obtained as well as consultations with relevant agencies.This week, in Part One we will explore the first four necessary steps for transferring land titles of ownership in Cambodia. This will give clear instructions, information regarding the responsible government agencies , and the estimated time to complete the steps thanks to Realestate.com.kh.Step 1: Verify the title certificate with the relevant Land OfficeThe buyer will first need to verify the land title certificate with the Land Office at the Ministry of Land Management, Urban Planning and Construction (MLMUPC), to check for any debts or other claims to the property. This process requires:●      The buyer obtaining the initial title certificate from the seller to verify their genuine ownership.●      The buyer will then verify the title certificate with the Land Office at the MLMUPC●      The Land Office will inform the buyer if there are any liens (debts), mortgages or other claims registered to that propertyRelevant Government Agency: Land Office at MLMUPCEstimated time to complete this step: This takes approximately  10 days (should occur simultaneously to steps 2 and 3)Step 2: Obtain information on the property:The buyer must then obtain information on the property from the relevant Commune Council Official. This involves the buyer contacting the village chief or the Commune Council Official in which the property is located, to obtain information about  the land. In addition to this an official search of the title should take place at the Khan/District Land Office.Relevant Government Agency:  Commune Council (Relevant District/Khan office in your property’s  area)Estimated time to complete the step: This should take approximately 10 days (should occur simultaneously with  steps 1 and  3)Step 3: Obtain the certificate of incorporation and official documents from the seller:If the landowner is a legal entity, the buyer must obtain;●       A copy of the ID of the shareholder, or person acting on behalf of the company,●       A certified/notarized copy of the Certificate of Incorporation of the seller’s company as issued by the Ministry of Commerce.●      Any other official documents from the seller relating to the company and the transaction.All of these documents are needed to verify the accuracy and identity of the company name appearing on the title certificate.Further documents needed to verify the seller’s authorisation to transfer the property to the buyer are;●      A power of attorney●      A Resolution signed by the Board of Directors from that company authorizing the named individual (seller) to represent the company at the Land Office (MLMUPC)●      A power of attorney specifically stating that  the seller can bring into effect that Resolution to transfer land titles of ownership to the buyer.Relevant Government Agency: Ministry of CommerceEstimated time to complete the step: This process should take around 10 days (should occur simultaneously to steps 1 and 2)Step 4: Apply for registration at the District Land Office (MLMUPC)When the buyer and seller, whether they are as an individual or a  company  wish to complete the property transaction, they must go together to the District Land Office at the MLMUPC to arrange to prepare and sign the relevant documents.The documentation needed for this step is●      The Company’s statute,●      The Company’s Certificate of Incorporation (obtained at Step 3)●      Both of  the Power of Attorney documents (obtained in Step 3).The original Title Certificate held by the seller must be presented to the District Land Office  at the time of signing the deed, in order to have the name of the new owner officially inserted on the document.Relevant Government Agency: District Land Office, MLMUPC (District Land Office of the Ministry of Land Management, Urban Planning & Construction)Estimated time to complete the step: This step takes between 20 and 30 days.Although there may seem to be a body of paperwork to initiate the process for transferring land titles of ownership, as a buyer, having a legitimate title to your prospective land or property enables you security and legally sound transaction.  Stay tuned for Part 2 next week, where we will delve further into the remaining steps of the process and take a comprehensive look into transfer tax.Looking to invest in land as a foreginer? Read our sneak preview extract from our Realestate.com.kh Cambodia Real Estate Investment Guide 2018 in Issue 5 of our Cambodia Real Estate Magazine from page 42- just click below!Click here for current real estate for sale in Phnom Penh and current real estate for rent in Phnom Penh

​Taiwan developers 4 Season Construction Co.,Ltd, announced their brand new residential development Le Bassac, to be built in the heart of Phnom Penh, this morning.Situated at the junction of Norodom Boulevard and Street 294, this development has combined the expertise of renowned international architect and designer, C. Y. Lee, and China’s largest building company, China State Construction Engineering Corporation (CSCEC): Straits Construction and Development Company, Ltd, to achieve the developer’s goal of “superlative construction quality”.In their press release the developers state that this international, residential building will set a new standard of quality- right from the building’s foundation itself, which will penetrate rock layers 7 meters underground. This is in order to ensure the longevity and structural integrity of the project.Although situated in the business area, the vision of Le Bassac is to be designed as “an oasis of calm and nature”. The development will have vast amounts of surrounding landscaped greenery and views overlooking the Mekong River. Other key facilities of the project will include a swimming pool, fitness centre and an online international medical connection center, to truly focus on resident’s health and wellbeing.Le Bassac will consist of 33 storeys containing two or three bedroom homes, which are targeted towards comfortable family living. Full-sized parking spaces for each household will also be available in a well-lit garage. As the project resides a mere 250 meters from the Independence Monument, there is ease of access to necessary amenities such as; banking services, commercial office buildings, retail stores, cafés and fine dining restaurants.  From the conception stage of Le Bassac, the developers state that “concern for the environment has been a primary focus’’.  Energy conservation, sustainable management practices and the latest green building standards were integrated into the design of the structure. This concern is reflected throughout the plans, from the foundation, right through to the top garden.The spokesperson for 4 Season Construction Co.,Ltd, concluded this morning’s press release by expressing their deepest gratitude  “Finally, on behalf of everyone in the company, I would like to deeply thank the Kingdom of Cambodia for giving us the opportunity to work with Phnom Penh to be a partner in the growth and development of this amazing city.”Le Bassac is estimated to be completed by October 2020, and although exact prices have not yet been released, the pricing structure will include easily obtainable financing and loan procedures, in a prime area for capital appreciation.  Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info...Take 2 minutes to complete our survey and win and IPhone 8!

A new law is in the process of being  drafted by the Ministry of Economy and Finance which will restrict the number of licenses that are issued for construction investment projects and real estate properties in the Kingdom. The new law aims to protect financiers of projects from being defrauded by investors and ensure that projects that are granted licenses are completed on time.The buyers, themselves, can also check by their own whether the protect has legal documents to run the project. Through stricter monitoring of residential projects, as well as strengthening of rules surrounding bank loans and deposits, the Ministry of Economy and Finance believes they can tackle and eliminate people from falling victim to real estate scamsSerey Peung, General Manager of Cambodia Angkor Real Estate, believes that these rules would be good news for the industry- especially in light of some of the fraudulent dealings he has seen. One such example is of companies that acquire loans from banks by using their land as collateral. In these cases the company would announce the project and start selling units, prior to construction taking place-  in order to fund the project's completion. In many cases the sale of these units pre-construction has slowed down, which means that these financers were “left in the lurch”Peung believes it's critical that construction begins prior to the sales: “Don’t just announce the sales and start selling - because it is very risky,”Presently the Ministry requires project owners to deposit 2 percent of their capital investment in a local bank in the event that the project is not completed. However the new law will strengthen and add to this rule, by requiring transparency and official guarantees from that bank and partners of the project.As it stands there has been no decision on a new minimum deposit needed by an investor, but this is set to be decided after further consultation with private sector stakeholders, and development of the law. Ultimately it is hoped that the law will encourage only those who have the financial means, to invest in ‘’real property’’.The new law is expected to take effect by the end of 2017.“Kim Heang, the head of the Cambodian Valuers and Estate Agents Association, stated that the new law has been in the works for almost four years now and would not have any effect on those who adhere to transparent business practices.“The new law will help reduce the amount of non-physical projects because there used to be companies using their land as collateral at the bank and then announcing their projects for sale, and projects like these are very risky,” he said. “This law is very good for society, while it ensures that only those with real capital can invest in real property projects.”Okhna Ly Hour, head of the Cambodia Constructors Association, said in the past, there were land plot salesmen who would say the land is near Phnom Penh and very cheap but would decline to mention exactly where it was. The ministry was concerned about the risk, and that is why the new law was drafted, he said, adding that the law was not a restriction, as it was designed to help save people.“This is the care of the government for the people, and we, the private sector, fully support this intervention,” he said.Find the best borey for sale in Cambodia on Realestate.com.kh! Or find out more why buy off-plan project in Cambodia?

CASA Meridian Residence - ExteriorCASA Meridian Residence is the first international-class serviced residence in the capital and economic hub Phnom PenhPhnom Penh, 1 November 2017 - CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has today opened its first serviced residence in Cambodia, CASA Meridian Residence, in Phnom Penh’s up-and-coming residential and retail hub of Diamond Island (Koh Pich). CASA Meridian Residence offers 75 fully-furnished residences on the top 13 floors of the 34-storey integrated development CASA by Meridian, which also comprises a high-end shopping mall, premium office spaces and wellness facilities. The serviced residence provides unparalleled conveniences to travellers and expatriates who value a balanced lifestyle in the heart of the capital Phnom Penh, as the property is within minutes' drive from an array of amenities such as the AEON shopping mall, international schools, conference and exhibition centres, embassies, premium offices, Jet’s Container night market, and the entertainment complex NAGA World.One-Bedroom Premier – Living RoomMs Lew Yen Ping, Ascott’s Country General Manager for Vietnam who oversees the company’s expansion in Cambodia, Myanmar and Laos, said: “Ascott has built a strong brand reputation and expertise in managing world-class serviced residences over the last 30 years. We expect significant demand for our first property in Cambodia, CASA Meridian Residence, as it is the first international-standard serviced residence in the country’s capital and economic hub Phnom Penh. In addition, Cambodia has achieved sustained economic progress and strong international tourist arrivals. Ascott will be able to leverage first-mover advantage as we open our second property in the city - Somerset Norodom Phnom Penh in 2018. Casa Meridian Residence will provide corporate travellers, expatriates and their families a balanced living experience, the comfort of home and Ascott’s signature hospitality by our well-trained team.”Ms Lew added: “With our entry into Cambodia, Ascott is now present in nine out of 10 countries in ASEAN, giving us a strong foothold in the region. ASEAN member states recently signed pacts to boost transport links to make it easier for cross-border travel. With greater connectivity, business activities and investment are expected to increase, driving demand for serviced residences. We will continue to explore opportunities to grow Ascott’s presence in Cambodia and other ASEAN markets to reap benefits from greater economies of scale and expand our network of properties for customers.”Swimming PoolCASA Meridian Residence provides a wide selection of apartments between levels 22 and 34 across two towers. These range from cleverly designed studio apartments ideal for single executives travelling for business, to sleek and modern one-, two- or three-bedroom apartments that can comfortably accommodate up to six persons. Every apartment features contemporary furnishings, well-defined living and dining areas, as well as fully-equipped kitchen.Residents can also enjoy a comprehensive range of lifestyle facilities including an infinity swimming pool, children’s wading pool, jacuzzi, indoor playroom, yoga room, sauna, club house, and fully-equipped gymnasium as well as business support amenities such as a conference room, meeting room, and serviced offices for rental.   To celebrate the opening of CASA Meridian Residence, Ascott is offering special introductory rates starting from USD 1,150+ per month from now until 31 December 2017. For reservations, or more information, please visit www.the-ascott.com, call +855-23-972888 or email enquiry.phnompenh@the-ascott.com.Two-Bedroom Deluxe – BedroomAbout The Ascott LimitedThe Ascott Limited is a Singapore company that has grown to be one of the leading international serviced residence owner-operators. It has over 43,000 operating serviced residence units in key cities of the Americas, Asia Pacific, Europe and the Middle East, as well as over 26,000 units which are under development, making a total of close to 70,000 units in over 500 properties. The company’s brands include Ascott, Citadines, Somerset, Quest, The Crest Collection, and lyf. Ascott’s portfolio spans more than 120 cities across over 30 countries.Ascott, a wholly owned subsidiary of CapitaLand Limited, pioneered Asia Pacific's first international-class serviced residence with the opening of The Ascott Singapore in 1984. Today, the company boasts over 30 years of industry track record and award-winning serviced residence brands that enjoy recognition worldwide.Ascott’s achievements have been recognised internationally. Recent awards include World Travel Awards 2017 for ‘Leading Serviced Apartment Brand’ in Asia and Europe; DestinAsian Readers’ Choice Awards 2017 for ‘Best Serviced Residence Brand’; TTG China Travel Awards 2017 for ‘Best Serviced Residence Operator in China’; Business Traveller Asia-Pacific Awards 2017 for ‘Best Serviced Residence Brand’; Business Traveller Middle East Awards 2016 for ‘Best Serviced Apartment Company’; Business Traveller UK Awards 2016 for ‘Best Serviced Apartment Company’ and Business Traveller China Awards 2016 for ‘Best Serviced Residence Brand’.For a full list of awards, please visit www.the-ascott.com/ascottlimited/awards.html.About CapitaLand LimitedCapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, it is an owner and manager of a global portfolio worth more than S$80 billion as at 30 June 2017, comprising integrated developments, shopping malls, serviced residences, offices, homes, real estate investment trusts (REITs) and funds. Present across more than 150 cities in over 30 countries, the Group focuses on Singapore and China as core markets, while it continues to expand in markets such as Vietnam and Indonesia.  CapitaLand’s competitive advantage is its significant asset base and extensive market network.  Coupled with extensive design, development and operational capabilities, the Group develops and manages high-quality real estate products and services. It also has one of the largest investment management businesses in Asia and a stable of five REITs listed in Singapore and Malaysia – CapitaLand Mall Trust, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust and CapitaLand Malaysia Mall Trust.Visit www.capitaland.com for more information.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info...Take 2 minutes to complete our survey and win and IPhone 8!

Choosing a real estate agency and agent is a major decision for any prospective home buyer or seller. Your choice of agent will directly impact the price you pay or amount received for your property, and also determine the ease and speed of the buying/selling process. Therefore, it is important to have a relationship of trust with your agent.With over 100 legally registered real estate agencies throughout Cambodia, many more non-registered agencies, and thousands of individuals who are self-professed ‘agents’, it can be difficult to know where to begin the process of finding a professional and suitable agent.That’s why we’ve created a comprehensive guide to help you find a suitable agent for your needs.Finding a good real estate agency/agentOne of the first factors you should consider is that the majority of these legally registered agencies are based in the key cities of Phnom Penh, Siem Reap and Sihanoukville. With that in mind, it is to be expected that finding a professional real estate agency to handle your business outside these areas can be challenging  However, even within the cities themselves, there is an overwhelming amount of choice - and varying degrees of professionalism - so it is important to weigh and compare your options before making your choice.The first place you might look at is the Cambodian Real Estate Agency Directory on Realestate.com.kh. Use this database to shortlist professional and trusted agents in Cambodia. You may use Realestate.com.kh as a platform to reach out to these agencies or you may want to talk to them yourselves - whichever you’re comfortable with, go for it.It’s also worth noting that recommendations from former clients across blogs, Facebook, Twitter and other external publications online is a very good sign that the agent is reputable and trustworthy.Key Indicators of an agent/agency’s professionalismThe following are key indicators that the agency or agent you are considering is committed to delivering the service you expect, and perhaps more.Works from an office: Agencies who have premises with multiple staff are usually legitimate and well-established businesses. Having an office also gives you a place to go to when you have complaints; avoiding the frustration of tracking your agency down if you have a complaint.Has a website / conducts marketing: Agencies who have websites, conduct newspaper advertising and generally have good paper based marketing are likely serious businesses with a commitment to their profession. So look for agencies who put their money where their mouth is!Interviewing your prospective agent/agencyAn interview of your prospective agent/agency should take place prior to committing to a representative. This will allow you to thoroughly investigate whether the agent is a good fit for you. Here is a list of questions to ask the prospective agent during the initial meeting / real estate appraisal:How many years has the company / person has been involved in the real estate industry?How many sales / rentals have they completed in the last year?How many properties are currently listed for sale / rent on their books?How many prospective buyers / tenants are they currently in contact with?What is their preliminary value estimate of your property listing in the current market, and what appraisal formula have they used to arrive at this figure?What is their proposed marketing strategy for the property (for example online, newspaper, email database)?The answers that you receive from these questions should give you things to consider in order to make a proper choice about the agent’s level of experience, professionalism, and whether they can deliver the services you require when it comes to the future of your property.Research your property and compareWhile this may seem counterintuitive at first, doing your own due diligence about your property can tell you a lot about what your prospective agent can bring to the table. Your own research should also give you an independent price range of how much you can get for your property.For example, if you were selling your property, it is important to do an appraisal of the selling price of other ‘similar’ properties in your neighbourhood. Although amenities and the quality of the property will lead to price variations between properties, there should not be too many differences between what other properties in your area are selling for.You can conduct your own small research by talking to multiple agents or checking popular real estate platforms in Cambodia to give you a benchmark of property values in your area.A good real estate agent should provide an analysis that roughly matches your research, and if there are some major differences between your research and their proposed price, they should be able to give you valid reasons why - and backup their claims with data.Another thing you need to know about is their agent fee or commission fee. Much like in other parts of the world, agents get their fee from the seller and not the buyer. This is an important matter to research as this will likely take a bite of your money as the seller.In the interview stage (or any stage prior to committing to a formal contract) ensure you have an idea of what the agent is proposing to charge you and identify any potentially ‘hidden costs’ that you could be subject to pay. Talking to buyers and sellers who have been through this process can be a helpful tool in ascertaining whether the price you have been quoted is fair.Again, there may be some variation between agencies with price, but you need to ensure that you are getting the best value for money, and know exactly what you are paying for.Making the Decision with a Formal AgreementOnce you have reviewed your options and decided on the agent/agency who you believe will look after your interests, you need to enter into a formal agreement.The written agreement should clearly outline the terms and conditions of appointing the real estate agent. You should ensure that you read this agreement carefully, and raise any questions with your agent prior to signing. A proper agreement should contain an estimated sale or rental price, the total commission payable (in Khmer Riels or United States Dollars figures), fees and charges, and marketing expenses.Assessing the performance of your real estate agentOnce you have entered into a formal agreement, it is important to monitor your selected agent closely to ensure that they are delivering the service that they promised you. There should be consistent communication and updates about the progress of your home transaction. A real estate agent should;Provide you with regular updates regarding the number of buyers and tenants they have been in contact with.Have a screening process to determine a tenant or buyer’s suitability for the property (for example reference checks, confirmation of their job etc.).Deliver ongoing marketing advice regarding the number of inquiries your property is receiving and how to increase its appeal to renters / buyers (for example, conducting advertising, furnishing the property, altering the agreement terms slightly, etc.).Competently handle the negotiations of the monthly rental or the sale price of your property. This is probably the most important job of a real estate agent and a good real estate agent will be an expert negotiator.Demonstrate experience at handling the legal and financial process of managing the rental property and/or conducting the sale.Ultimately, with a vast range of professional agents and agencies throughout the Kingdom, it is likely that you will find a suitable real estate that can deliver your expectations regarding your property. Although these may seem like a lot of factors to take into account, with a transaction that has the ability to have such an impact on your life, it is important to put yourself in the best possible position to achieve our desired result.Ready to start your Search for the perfect Cambodian Real Estate Agent for you? Check out our Agency Directory now!

Poipet is a city serving as Cambodia’s main border crossing with Thailand. Located in Banteay Meanchey Province, the seemingly sleepy border town has been gaining popularity as a gambling destination between the two countries.However, the government plans of turning Poipet into an industrial zone is coming into place. It is believed that due to this - and the town’s proximity to Thailand - investors will seek opportunities to invest in the town’s manufacturing sector.Vital infrastructure such as the railway link between Phnom Penh and Bangkok (via Poipet-Aranyaprathet) has already complemented and is expected to further contribute to the estimated $6 billion worth of trade between the two neighbors. Prime Minister Hun Sen indicated that his government also plans to further develop the national railway to increase its popularity among Cambodians.Mr. Eric Wong, Administrator of SkyscraperCity Cambodia, shares a positive outlook with the border town’s growth saying: “Poipet has seen remarkable development in recent times with the establishment of more factories and businesses”. Mr. Wong’s family has invested in multiple businesses in Poipet due to the town’s strategic location to Thailand and believes that border trading between Cambodia and Thailand is already growing.The establishment of the Sanco Poipet Special Economic Zone (SEZ) in 2014 is one of the key reasons for this growth and acts as a vital economic trading gate between Cambodia and Thailand, which is poised for future development.Soeng Sophary, a spokesperson for the Ministry of Commerce Cambodia commented that:  “Thailand is one of the Kingdom’s main trade partners with both governments enjoying very close and amicable relations.’’ Sophary believes that due to these strong government ties, cross-border trade could increase to 15 billion USD by the end of 2020.Sophary continued by stating that: “The value of imports from Thailand has decreased marginally, due to the fact that more Thai investors are building factories in Cambodia, at the same time, Cambodia’s exports to Thailand have actually increased.” She also believes that the new railway will be a major catalyst for improving infrastructure and will aid both Cambodia and Thailand in reaching their trade goals.In terms of Poipet’s real estate market; land price is consistent and not seeing any signs of remarkable increase. However, Mr Sorn Seap, CEO of Key Real Estate believes the prices are expected to rise now that the railway project is finished and more industrial activity takes place.He elaborates, “Currently, land prices for residential projects in areas without construction are between 200 and 300 USD per square metre, and in construction dense areas is priced between 300 and 500 USD  per square metre.”Mr Sorn continued, “For commercial areas or downtown Poipet, prices range anywhere between 500 and 1,000 USD per square meter, while the land price located along National Road 5 or close to the border can reach up to 1,000 and 2,000 USD per square meter.”Although residential property development isn’t seeing any drastic growth at the moment, Mr. Sorn stated he has seen some movement with a handful of Borey projects in the 50,000-100,000 USD price bracket being developed. Mr. Sorn is convinced there is serious potential in Poipet’s real estate industry in the future, due to increased employment opportunities from the existing SEZ, and the government’s industrial plans. Ultimately, more demand for labour in the city will lead to a need for residential housing.The completion of the railway project is expected by real estate agents and experts will result in the increase of trade between Thailand and Cambodia and consequently encourage a rapid influx of investors building factories in Poipet. This will eventually have effects on boosting the local economy and incomes across the board.Ultimately, this casino-dense border town is rapidly changing and is anticipated to become one of the most attractive investment destinations in Cambodia in the years to come.Realestate.com.kh is proud to bring back Cambodia’s biggest Property & Lifestyle Market Expo which will be held on April 24 and 25 at Koh Pich Exhibition Center.Booth sales and sponsorships for Home & Lifestyle Expo 2020 are open. For more information, please contact:  Nin Kang (Khmer/Chinese)+855 78 637 323+855 93 552 305nin.kang@realestate.com.khTyler Stuart (English)+855 12 599 699+855 81 599 669tyler.stuart@realestate.com.kh

Realestate.com.kh’s Real Estate Survey and Reports page is an archive of property market trends and observations in Cambodia since it was started back in 2018. Buyers, sellers, agents, and property developers can gain additional insights through discussions of:Buying power and demographics of over 2,000 respondentsSentiments from the local, expatriate, and overseas buyersPerformance and perception of sales & rental marketsKey areas for development & investmentsReal estate market information & feedbackGeneral market projectionsThe Cambodia Real Estate Survey and Reports page will be updated regularly to reflect Realestate.com.kh’s efforts in providing the wider market with valuable information and insights into the Kingdom’s continuously growing property market. Cambodia Real Estate Survey 2022:  Cambodia Real Estate Survey 2021: A shift to local markets and prospects of a post-COVID-19 recoveryLike most other major sectors, 2020 was a challenge for the real estate market due to the impact of COVID-19, as has also been the case for the first half of 2021. The Real Estate Survey 2021 will give readers a glimpse of how the property market performed over the past year. Much of the property market was able to weather the economic headwind caused by the global pandemic and the Real Estate Survey 2021 offers readers key points that played a vital role in keeping the market afloat for as long as it has.Cambodia Real Estate Survey 2019: Rise of the young generationWith the Real Estate Survey 2019, we saw an increasing number of respondents in their late teens and early twenties showing interest in the real estate sector not only in terms of residence but also as investments. As Cambodia urbanises, incomes grow and family sizes shrink. This means young families are routinely bringing in $2,000 or more per month in disposable income while simultaneously pursuing homeownership in a safe and well-located community. Cambodia Real Estate Survey 2018: Market confidence growth with middle-class expansionRealestate.com.kh is excited to share the findings of our Cambodia Real Estate Survey 2018. One notable change can be seen when looking at the income of survey takers. Fewer people are earning less than $500 a month now than were two years ago. The group making $501-$10,000 a month grew considerably. This is a clear sign of an expanding middle class in the Kingdom.Cambodia Real Estate Survey 2016: Projecting the rise of the Cambodian property marketRealestate.com.kh is pleased to release the results of the 2016 Realestate.com.kh Consumer Sentiment Survey. The survey reveals key information for investors, developers, retailers, financial institutions, insurers, and personal home buyers and sellers. The intention and scope of the this survey were to dig deeper into the hearts and minds of Cambodia-focused real estate consumers in regards to their perceptions of the market and their current spending and borrowing habits. By doing so, the survey allows us to predict future buying and selling trends in the market.Are you an expatriate or foreign investor looking for a home loan or simply need help in looking for property? Let us know!LOOKING FOR PROPERTY? CLICK HERE

Nestled in northwestern Cambodia, Battambang, the leading rice-producing province of the country, has shown some remarkable growth in real estate development over the last few years. While the real estate market is traditionally known for its’ colonial buildings, over 11 residential borey projects have recently been developed, with signs of many more to come.Mr. Ear Veng Mong, CEO of Borey Rom Chek, in Battambang city, has invested over 30 million USD into a 19-hectare borey development, which commenced construction in 2015. In discussing his investment to local media, Mr. Ear expressed that Battambang has great future potential because government officials, and the Ministry of Tourism, are working together to turn the province into a tourism hot-spot.Moreover, Mr Ear believes that “The province is already rapidly developing and already has a lot of people within a ‘medium income bracket', who are able to afford residential housing”. This belief is one of the key reasons Mr. Ear decided to commence development of his residential borey projects.Mr. Ung Sangha, Representative Office Manager of Bonna Realty, in Battambang, reinforces Mr. Ear’s viewpoint, by stating that “Investors cannot overlook Battambang’s investment potential, as [Battambang] is a big province, with relatively good infrastructure, and a population of over one million".However, Mr. Ung believes that the local economy will need to continue to grow, in order for the majority of local residents to afford housing purchases in the province.New infrastructure developments are bringing more population traffic, including the new international border checkpoint in Battambang’s Sampov Loun district - which connects to Thailand’s Sa Kaeo province. This international checkpoint will allow for more cross-border trade and tourists passing through, which will lead to a boost of income for the local population.Further to this, the government plans to expand more highways, connecting Battambang to Phnom Penh and Banteay Meanchey over the coming years. The result will improve accessibility and enable more more trade within the province which has an economy that currently relies heavily on the agricultural industry and little else.Despite Battambang’s real estate investment potential, land prices do not show any sign of rising to the levels recorded in other key provinces, such as Sihanoukville and Siem Reap.Mr. Ung explains that land prices in residential areas are between 60 to 120 USD per square meter, which he believes to be very affordable for local buyers. However, land prices in business areas are between 1,500 USD and 1,800 USD per square meter, and 1,800 USD and 2,200 USD per square meter, in the commercial sector. This dramatic price contrast between residential and commercial areas demonstrates the increasing demand for land within Battambang's central business district.As a result of these competitive prices, more investors are conducting feasibility studies on real estate potential in Battambang. Mr. Ung has confirmed that Bonna Realty has seen a major influx in the amount of inquiries concerning land and property prices over the last six months.Battambang’s investment potential has already attracted more cement firms to establish operation, in response to the growing number of construction companies operating. The 230 million USD Battambang Conch Cement project is set to begin operation in December 2017. Further to this, Thailand’s Siam Cement Group has also announced that it is preparing to open its third cement plant in the province in 2018 which will have a production capacity of 1.8 million tonnes a year once operational. Mr. Heng Tola, a local investor, has been developing both residential and land projects in Taprouch Village in Sangkat Kdol Doun Teav since January 2015. Mr Heng elaborated on his motivations citing; “The reason I invested in these projects is that our country continues to have political stability, and an average economic growth rate of 7 percent per year”.Mr. Heng believes that due to the rising middle-income population, there will be high demand from Battambang locals in the near future looking to purchase a new home.  However, Mr. Heng has already enjoyed significant support from local people, who have already purchased land and houses for residential living in his current projects. He elaborated on the growth of his projects: “In 2015 we started with a total land size of 1.5 hectares, and two and a half years later we have increased our projects up to 20 hectares, with 200 flat houses, one market and one cinema,”Ultimately, Battambang’s real estate agents, and investors alike, are optimistic that the province will attract more local and international investors into the real estate market over the coming years. Active improvements to infrastructure and domestic connectivity will continue to boost investor’s overall confidence in an area which is bustling with opportunity.Search properties for sale in Battmbang and current properties for property for rent in Battambang!

With 80 percent of the project complete, the largest mall in Siem Reap to date - “The Heritage Walk” - is expected to offer a wide range of shopping and entertainment possibilities to tourists and local residents alike upon its completion in early 2018.Adding to the several small malls including Lucky Mall and Angkor Trade Centre and several more shopping complexes, The Heritage Walk will provide 40,000 square metres of covered and open-air retail space, accommodating about 100 shops including restaurants, coffee shops and a cinema.Located on 1-hectare of land at the corner of National Road 6 and Oum Chhay Street in Siem Reap’s Svay Dongkoum commune, The Heritage Walk is set to launch its soft opening in February and a grand opening in April 2018.The Heritage Walk project is a good news for real estate sector in Siem Reap with local real estate agent expressing optimism toward the new project.Mr. Mario Tan, Sales and Marketing Director of Hunter Estate, said “ The new mall would give tourists and local people more shopping and leisure options and will attract them to spend more and stay longer in Siem Reap. With some small malls operating successfully in the province, The Heritage Walk, the first biggest mall in Siem Reap, tends to have a high chance to be successful as there will be local and international tourists flocking to go shopping in this mall.”Mr. Mario added: “this is a good thing for local economy as there will be more business activity taking place in the province. Moreover, this will also help push investors more confidence in real estate market in Siem Reap.”It is worth noting that Land price in Siem Reap is stagnating at the moment ahead of coming general election with an average between $350 and $400 per square meter. It is hoped that The Heritage Walk will push investors more confidence to invest in this province, helping to push land price to rise again after the election.Search property for rent or sale in Siem Reap on Realestate.com.kh!

While property appraisals are generally performed by skilled professionals, anyone involved in a real estate transaction can benefit from gaining a basic understanding of the different methods of valuation. Investing in a property is a popular and quite effective way of securing and growing one’s wealth; especially if you see good returns from it in the long run. However, in order to make a proper investment, you must know how much you should invest in the first place.Real estate evaluations can be tricky in the sense that a lot of factors have to be considered to assess their value. Fortunately, investing in Cambodian property is made easier with set standards and best practices in place.Realestate.com.kh lays out the basics of calculating evaluation fees, and other important aspects you should consider when determining the value of a property you’re interested in.How is Property Valued in Cambodia?The property valuation report includes all the features of the property and helps the owner, and prospective buyers, to understand its exact current condition.The goal of an appraisal is to determine a property's market value: the most probable price that the property will bring in a competitive and open market.An estimation of your property’s current worth or “market value” should consider any prior valuations of your property, suburb valuation trends, owner information, selling history, transfer history and comparable sales in the area.The property valuation gives an estimated market value of a property that is determined using various property industry sources, such as information from the relevant Cadastral office where the property’s title was certified, recent sales statistics, property-specific details, and relevant price trends.Unlike many consumer products that are consumed or perishable, the benefits of real property are generally realised over a longer period of time. Therefore, an estimate of a property's value must take into consideration economic and social trends over time, as well as governmental controls or regulations and environmental conditions that may influence that value.Evaluators and their fees in CambodiaHiring an evaluator is recommended for property investors, mortgage lenders, insurers, and tax collectors. But before you go and hire an evaluator, you must know what to expect from them.Here’s a quick list of things you should be expecting from a reliable property evaluator:Know the demand for that property - the desire or need for ownership supported by the financial means within the market to satisfy the desire;The utility of that property - the ability of your property to satisfy future owners' desires and needs;Scarcity - the finite supply of competing properties of a similar type and description;Transferability - the ease with which ownership rights over your property are transferred.Evaluators in Cambodia are commonly paid based on a percentage of the assessed property value. You can also contact the Cambodian Valuers and Estate Agents Association (CVEA) for property evaluators.Below is the necessary calculation formula you should know when hiring an agent to evaluate your property in Cambodia.Valuation feesWhen you sell your property and need a valuation firm to define your property’s value, these are the charges you should expect from your licensed Valuer:For a property that is valued below $100,000, you need to pay a valuation fee of 0.17% of the property value, or a minimum of $170;Property valued between $100,000 and $1,000,000 will be charged to you at 0.1%, or a minimum of $900;Property with a value between $1,000,000 and $5,000,000 will be charged to you at 0.05%, or a minimum of $2,000;Property with a value between $5,000,000 and $10,000,000 will be charged to you at 0.03%, or a minimum off $1,500;Above $10,000,000, you will be charged at 0.025% of the property value.To clarify this, let’s take a look at some specific examples below:Valuation Example 1:Key Real Estate is a legal valuation firm. Mr. Vichet hires Key Real Estate to evaluate his property and he agrees to pay the price that the ministry has set. After doing the valuation, it is found that his property is valued at $1.5 million. So, how much is the fee?Calculation breakdown:First $100,000 is applied: $100,000 X 0.17/100 = $170;And $900,000 is applied: $900,000 X 0.1/100 = $900;Then, $1,500,000 - ($100,000 + $900,000) = $500,000. So, the $500,000 X 0.05/100 = $250Now we can get $170 + $900 + $250 = $1,320.In this case, Mr. Vichet needs to pay a valuation fee of $1,320.Valuation Example 2:Cambodia Properties Limited (CPL) is a legal valuation firm. Mr. Sovan hires CPL to evaluate his property and he agrees to pay the price that the ministry has set. After doing the valuation, it is found that his property is valued at $13 million. So, how much is the fee?Calculation breakdown:First $100,000 is applied: $100,000 X 0.17/ 100 = $170;$900,000 is applied: $900,000 X 0.1/100 = $900;$4,000,000 is applied: $4,000,000 X 0.05/100 = $2,000;$5,000,000 is applied: $5,000,000 X 0.03/100 = $1,500;Then $13,000,000 - ($100,000 + $900,000 + $4,000,000 + $5,000,000) = $3,000,000.  So, the $3,000,000 X 0.025/100 = $750Now we can get $170 + $900 + $2,000 + $1,500+ $750  = $5,320So, Mr. Sovan needs to pay a valuation fee of $5,320.However, while this is set for the general property valuations; note that some special properties such as factories and huge business properties have no set valuation fee.Instead, it depends on each case and the calculation formula set out in the pre-agreement between you and the valuation firm.Read more on the property taxes in Cambodia.Benefits of a Proper EvaluationSelling your Property: If you want to sell your property in Cambodia and need to find out the appropriate price, using the services of a property valuator is the best choice.Buying Property: When you are interested in buying a new property and need to make a pre-purchase assessment of it, you can find all the information that you need by taking up the services of a property appraiser.Tax Compliance: In the case of tax-payment related matters, a valuation of the property by property valuators is necessary to determine tax liabilities fairly and openly.Assessing Rental Rates: In a situation where you wish to lease out your property and need to set an appropriate rental cost based on the qualities of your property, a property valuation service will be useful in determining the amount based on your property’s value.Legal Settlements: For the settlement of property rights between members of the family, matrimonial settlements, litigation settlements, etc. you need to know the appropriate value of the property in order to divide it fairly.Mortgages and Loans: In order to borrow money from the bank, you need to provide information about your real assets by which you can guarantee the loan. A good valuation will help guarantee your next loan or Mortgage.Insurance: When you have to get the value of your property for the purpose of insurance coverage and claims, nothing can get the matter through faster than hiring the services of professional property appraisers.Increasing the value of your Property: By understanding how your property's market value increases according to the criteria of the valuation report, you can upgrade features of the property to increase that value in time for the next valuation. A valuation report allows you to objectively analyze your property, and any business ventures attached to that property, and improve its market value.Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now!Article by:

The Cambodia Real Estate Show 2, organised by realestate.com.kh, welcomed over 4,000 local and international visitors and investors through the Grand Ballroom doors of NagaWorld Hotel last Friday & Saturday. 6th and 7th of October.The second Cambodia real estate show finished on Saturday evening with a successful result for both developers and real estate buyers.  Many local and international developers sold property during the two days, with an end result of 133 units sold and booked, and over 20 million USD spent.The show was made possible by sponsors VDB Loi, Homeloan.com.kh, Harvey Law Group and South East Property Services Cambodia (SEAPS) - and of course the event organiser, realestate.com.kh.Leading the sales results was Prince Real Estate Group who sold 38 units of their Prince Modern Plaza and Central Plaza condo developments; followed by Naki Group selling 6 units and booking 32 in their various borey projects. Renowned local developer Orkide Villa also sold 14 units of their developments underway in the heart of Phnom Penh; Creed Group and Star 5 Developers sold 7 units, and 5 units of property respectively; and other developers such as Blue Bay, City Park, and Star City also converted several sales during the show.  The event attracted a multinational spread of attendees - with approximately 40% Chinese, 40% Khmer, and 20% mixed international guests. Free seminars on topics such as property law, tax and investment advice were also available in Khmer, English and Chinese.One attendee of the show, who had travelled from Hong Kong, said, "I heard about it [the show] on the internet. It was really good. What I have seen here was so much better than anything in Cambodia before, I have been to other exhibitions before but none were as comprehensive."Developers at the show also booked site visits, showroom tours, and gained hundreds of serious leads to follow up in the coming weeks. Prize draws over the two days saw buyers rewarded with three winning air conditioning units from Hitachi, and ten buyers winning a holiday getaway for two to Vkirirom Resort.Ms. Kelly, Deputy Sales & Marketing Director at Creed Group, stated that, “The show gathered a large number of potential buyers, there were even more developers, and the show was bigger than before.” She also commented that the venue, NagaWorld, was strategically located.  Creed Group’s 7 unit sales were across two of their three projects; namely Bodaiju Residences and Arata Garden Residences.Mr. Tony Yu, Marketing Manager at Orkide Villa, had a similar impression of the show: “We were very satisfied to be a part of the second Cambodia Real Estate show which enabled us to achieve direct sales.” Mr Yu also believes that the show benefited both developers and buyers, and encourages local developers to get on board for the next show- as Orkide Villa will certainly join again.Prince Real Estate Group, who achieved 38 unit sales over the two days as confirmed by their sales manager, now has their Prince Modern Plaza development mostly booked following the show - and were pleased with their result of leading the sales board at the end of the event.Blue Bay’s sales representative at the show commented of the quality of the attendees at the show, stating “We aimed to show our project to the buyers [and] this real estate show was an excellent way to attract more buyers for our project. The visitors we had were quality buyers. Our two buyers were both Chinese.”Reflecting on the show, Mr. Tom O’Sullivan, CEO of realestate.com.kh - the show organiser, said that, “When investors from throughout the region arrived in Phnom Penh for our real estate show, they were able to feel, smell and touch Cambodia; they saw the drastic changes happening here in terms of construction and real estate development”.He continued that he was pleased with the fact that attendees have come to understand the infrastructural improvements that are presently happening which is transforming Cambodia into a ‘prime economic hub’ for investors. Mr O’Sullivan believes that this insight is what gave so many the confidence to invest in property at the show, and going forward, in Cambodia.Official Media Partners for the event were The Khmer Times; AEC News Today; Jian Hua Daily; Gold Zone Media; Grep Tech; B2B Cambodia; Angkor Today; The British Chamber of Commerce; The American Chamber of Commerce; The European Chamber of Commerce: Property Report; CVEA; CCA; Kampuchea Thmey; Cambonomist; Thmey Thmey; E-Link; Biz Khmer; Business Cambodia; Tranio International Property; BTV & the Sin Chew Daily.About Realestate.com.kh:Established in 2009, Realestate.com.kh has grown to be the number 1 real estate website and marketing company in Cambodia, working with the nation's leading real estate agencies, developers and lenders. We have over 50,000 properties for sale and rent on our website and app, with tens of thousands of property hunters visiting our website each month. We also print a quarterly real estate magazine entitled “Cambodia Real Estate” and co-produce a weekly property section with The Khmer Times newspaper.Sales and Marketing Contacts:Nin Kang (chinese/khmer language)nin.kang@realestate.com.kh+855 78 637 323 / +855 93 552 305Tyler Stuart (english language)tyler.stuart@realestate.com.kh+855 12/81 599 669Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info…

In Cambodia there are approximately 150 real estate agencies that are completely registered, with their agents working throughout the country concentrating solely on rentals, sale, and purchase of ‘general property’ such as condominiums, villas,apartments, borey, and plot land.The property market continues to boom in the Kingdom, however with new agencies and agents becoming established frequently, it’s only a matter of time before the market is completely saturated with real estate agents -working on the sales of same properties and developments. Because of this,a few agents have set their sights elsewhere and decided to work on renting and selling businesses  - a niche in Cambodia’s real estate market.South East Asia Property Services (SEAPS) is among the few agencies currently working on business property. The company works on renting and selling all types of businesses and related properties such as bars, restaurants, boutique hotels, and large hotels in Sihanoukville and Phnom Penh.Mr. Cris Knowles, Manager of SEAPS commented on their reasons for this, stating, “Cambodia is definitely an untapped market in the realm of business property, with great opportunity for motivated and knowledgeable buyers to turn around a fledgling business and create a strong presence in the area.”Mr. Cris further noted that enquiry and demand has jumped considerably over the past two years. They have found that is a wide range of buyers - both foreigners and Cambodian nationals. Taking Sihanoukville and the surrounding of Koh Rong and Koh Rong Solem as an example, there is a much larger demand from western buyers- and a gap in the market between the number of expat buyers who are looking to buy businesses, and the agencies qualified to handle their enquiries.Further commenting on expanding SEAP’s services, Mr Cris believes that dealing with businesses, requires greater confidence, specific knowledge and necessary understanding of a business to sell it, “After 17 years in the industry, I understand what my clients want and really take the time to listen to their needs and answer all questions they may have. I need to make the buyers feel confident in the new business purchase, and walk them through all the necessary steps involved”.Regarding the price of purchasing business and it’s assets, Mr Cris said it depends on the scale of the business, but mainly it is based on the businesses current profitability and opportunity for growth. Prices also heavily vary due to business type, with a typical bar starting at around $5,000 USD up to hotels that can be priced at the $300,000USD mark and upwards.Yi Fung Real estate is another agency also working on business property - but in a more concentrated way. Mr. Stephen Suen, Managing Director of Yi Fung Real Estate states “We focus mainly on boutique hotels and hotels that mainly located in Phnom Penh. But we have also extended to smaller businesses in Sihanoukville and Kampot where we can now see more demand.”Mr Stephen has found the demand for hotel and accommodation businesses to be mainly from Asian countries such as Malaysia, Taiwan and China. He goes on to state that “Investors see plenty of opportunities currently in Phnom Penh as the market is growing rapidly especially tourism industry”. Stephen believes the demand of acquiring hotel businesses has brought different investor groups ranging from private to cooperate- or even chain franchises, with a vast range of budgets.Related to challenges of selling businesses, Mr. Stephen stated that real estate agents faced difficulties in ’connecting the dots’. ‘“That’s why many other agencies don’t like this business area. It requires more preparation, cooperation and patience; as the bigger the deal the harder to settle”’Sharing Stephen’s view, Mr. Sorn Seap, CEO of Key Real Estate, said: “There are difficulties in dealing with both buyers and sellers that arise close to the sale. This is because buyers need to take time to make sure that they will buy the right business.”Mr Sorn believes buying a business property is different from buying a house. “This is due to the fact that for buying homes investment return arises in the coming years, but buying business is to get cash flow income monthly, immediately after purchase. Therefore, some agents feel more comfortable working on general business property, ”All agencies spoken to who engage in the sale of business property agree that it is a longer process compared to ‘’typical general, more residential ’sales, but results in satisfactory compensation- and is a very rewarding process. The market for these types of sales may still be considered small at the moment in Phnom Penh, but the demand is constantly growing, and is a great opportunity for agents and agencies to expand their services and skill set alongside general property sales.Want to invest in business properties with Realestate.com.kh! Want to Search forproperties for sale in Cambodia and current properties for rent in Cambodia!

The Tax Forum is EuroCham’s most popular event – with 400 attendees last year. Organized with the view of sharing professional insights and practical guidance about the Cambodian tax landscape, the Tax Forum will gather experts from the most regarded firms in town along with high level officials from the General Department of Taxation to discuss a wide range of topics impacting all compliant businesses in the Kingdom.Why Attend EuroCham’s 2017 Tax ForumWith opening remarks by H.E. Kong Vibol, Director General for Taxation, and Q&A in every session, the Tax Forum is a valuable opportunity to gain the latest information on Cambodia’s evolving tax landscape. The presentations, panel discussions and Q&A sessions will provide you with a unique opportunity to gain specific information from the leading tax professionals in the Kingdom. This year’s full-day event will particularly touch upon the below topics:-Details of recent tax changes-VAT and Withholding tax-Small tax payer issues-Tax incentives-Transfer pricing-Tax audit procedures-Q&A in every sessionTo share more about what is to be expected during the Forum, EuroCham Tax Committee Chairwoman Chhiv Kimsroy and Advocacy Manager Blaise Kilian met earlier this week with Cambodia Business Week’s host Anthony Galliano.How Can I RegisterTo make sure you don't miss the chance to gain knowledge from the experts on how to better manage tax changes in Cambodia, invest one day of your time on October 12th at Intercontinental Hotel by registering here.Find the best real estate news on Realestate.com.kh

Buying an off-plan project can be a scary concept for prospective home buyers, but it can be advantageous in terms of value for money, premium locations of property, lucrative promotions, and investment returns. Realestate.com.kh discussed these factors  in “Why buy property off-plan in Cambodia? Part 1 and Why buy property off-plan in Cambodia? Part 2 ”. This week we will explore why legal advice is necessary to ensure any prospective purchaser feels fully informed and secure about buying off-plan.Here is another major factor to consider before making a decision to purchase any off plan unit, thanks to Realestate.com.kh:   Why you should get a lawyer:Off-plan properties are more complicated than post construction real estate deals. They involve more risk and more variables to consider as there is no physically completed project to secure your expectations. Especially if you are a foreigner, there can be many complicated laws and details that impact the sale and that you are unaware of.To give a starting example, many countries have a ‘cooling-off period’ available after the off-plan contract is signed. This basically means you have the legal right to change your mind after signing the contract and back out of the deal, without major final detriment to you. The length of time you have to utilise this can differ, as can the costs associated. However, in order for you to know what rights are available to you in regards to this, sound legal advice is necessary.  Other examples of the importance of legal advice are the scenarios where the development may not actually be completed, or perhaps the finished unit may differ from the plans. This may be without intention- due to human error, or a defect that the developer was unaware of at the time of signing. However, in other situations this may be the developer's intentions, and you need to be aware of what changes developers are legally allowed to make in regards to the initial contract. Irregardless of the exact situation, if there is a change in what your contract specifies,  a lawyer will enable you to protect yourself as much as possible.Talking to a lawyer about what is typical and customary in Cambodia can also help you understand the scope of what to expect. Relatively new offerings from developers, that are gaining traction, such as Guaranteed Rental Returns may seem attractive at signing, but they are not well understood, and may be unreliable. Legal advice will ensure that you are maximising value and minimizing risk to yourself, so you can reap the benefits from your off-plan investment.Please read more article Is now the time to Buy or Rent a property? Experts share their viewSearch properties for sale in Cambodia  and current properties for rent in Cambodia!

Singapore’s best residential, commercial, industrial and green properties will be rewarded at the Garden City’s most prestigious real estate awards·        GuocoLand, EL Development, QingJian Realty, Lian Beng Group lead the shortlist·        A total of 16 companies and joint venture firms are competing for honours in 25 categoriesSINGAPORE – 27 September 2017The PropertyGuru Asia Property Awards (Singapore) 2017, presented by Kohler and supported by the country’s No. 1 property site PropertyGuru.com.sg, have revealed the official shortlist of nominees comprising the year’s best and most inspired projects that define the urban landscape in Singapore today.More than 20 developments from 16 companies and joint venture firms have made the final stage of the country’s most prestigious real estate competition, with GuocoLand Singapore leading with 12 nominations – the most for any developer.GuocoLand’s projects inside the integrated development Tanjong Pagar Centre earn nods in multiple categories, including outstanding office, retail, hotel and condominium development and design.The entire project, which has direct access to the Tanjong Pagar MRT, is the site of Wallich Residence, a Best Luxury Condo Development nominee that was inspired by famous botanist Dr Nathaniel Wallich, a pioneer in establishing Singapore’s reputation as Asia’s ‘Garden City’.‘Sustainable Development’ nominee EL Development is tied in second place with eight nods. A number of its official entries are competing with each other, namely in the categories for Best Private Condo Development, Best Private Condo Architectural Design, and Best Condo Landscape Architectural Design.Tied in second place with eight nominations is boutique developer Lian Beng Group Ltd for the company and its joint ventures, followed in third place by last year’s two-time winner QingJian Realty, with seven nominations for its affiliates and subsidiaries.Known for forming successful joint ventures in Singapore and overseas, Oxley Holdings Limited receives six shortlists in the office and hotel categories, as well as the new award for Best Industrial Development, a nomination it shares with JV partner Lian Beng Group. The partners also share a nod in the special award for their corporate social responsibility initiatives.Now in its seventh year, the PropertyGuru Asia Property Awards (Singapore) competition returns to recognise the finest in Singaporean real estate, which – despite slowing down in recent years due to government-led cooling measures and having a lower number of transactions or launches compared with previous years – still leads the ASEAN region in green building, sustainable design, and technological and architectural innovation. “Increasing globalisation and Internet exposure have no doubt added to the competition amongst Singaporean developers and in doing so, raised the standard across the region,” said chairman of the judges and renowned architect Minkqee Tan, chief designer at MINKEE Architects Pte Ltd.“We’re excited to see that developers are plying their trade with more thoughtful products and are forced to embrace innovations and new features in order to stay ahead of the game. Concept, design, pricing, green features, world-class amenities, quality of construction, creativity and originality, plus unique selling points, are all considerations for the judges.”Tan is joined on the independent panel of judges by respected industry experts: Alexander Karolik Shlaen (CEO, Panache Management); Robert Greg Shand (Greg Shand Architects); Lim Wenhui (Partner, SPARK Architects); Clement Ong (Head of Strategic Planning and Investment, Banyan Tree Group); Benedict Lim (Managing Director, Real Estate Transaction, Ernst & Young Corporate Finance Pte Ltd); and Natalie Breen (Real Estate Legal Leader & Partner, PwC Legal International Pte Ltd).Under the strict supervision of trusted awards supervisor BDO, the panel selected the final shortlist following a six-month nomination and judging process that included actual site inspections and intensive panel deliberations.All 25 competition and special awards shortlists were decided by the panel, with the exclusion of the 2017 Singapore Real Estate Personality of the Year award, which will be chosen by editors of PropertyGuru Property Report magazine and the winner announced before the gala dinner.“This is an exciting time to celebrate the success of Singapore’s best developers as the market slowly rebounds due to increasing local and foreign demand. With this strong shortlist, we look ahead to the future of the domestic property sector that gives importance to sustainable and green amenities to suit the needs of consumers. It is our hope that consumers look to this year’s finalists to aid them in making informed and confident decisions,” said Hari V. Krishnan, CEO of PropertyGuru Group.Shortlisted developers are now gearing up to attend the black-tie gala dinner on Tuesday, 7 November, at the Sands Expo and Convention Centre at Marina Bay Sands, where Winners and Highly Commended companies will be named.The gala dinner and presentation ceremony is exclusive for shortlisted nominees, taking place alongside the two-day PropertyGuru Asia Real Estate Summit (7-8 November) and the PropertyGuru Asia Property Awards Grand Final (8 November), where delegates and regional nominees from around Asia will gather to honour the best in Asia’s real estate sector.The seventh annual PropertyGuru Asia Property Awards (Singapore) 2017 is supported by title sponsor Kohler; co-sponsors Regus and Mitsubishi Electric; official portal partner PropertyGuru.com.sg, Singapore’s No. 1 property site; media partners Southeast Asia GLOBE, Oxford Business Group, Realestate.com.kh, Indesign Media Asia Pacific, and PropertyGuru Property Report, Asia’s leading luxury real estate, architecture and design publication; supporting association European Chamber of Commerce Singapore; and official supervisor BDO, the world’s fifth largest auditing and accountancy firm led by executive director Roger Loo and manager Jan Weidlich.THE FULL SHORTLIST OF NOMINEESPropertyGuru Asia Property Awards (Singapore) 2017DEVELOPER CATEGORIESBest Developer·        WINNER will be revealed on 7 November 2017 during the gala dinnerBest Boutique Developer·        Lian Beng Group Ltd·        Pollux Properties Ltd·        TEE Land LimitedDEVELOPMENT CATEGORIESBest Luxury Condo Development·        Spottiswoode Suites by Spottiswoode Development Pte Ltd (a JV between Lian Beng Group Ltd and Centurion Properties Pte Ltd)·        Wallich Residence by GuocoLand SingaporeBest Private Condo Development·        High Park Residences by CEL Development·        Parc Riviera by EL Development Pte Ltd·        Queens Peak by HY Realty (Dundee) Pte Ltd·        Stars of Kovan by Property Enterprises Development (S) Pte Ltd·        Symphony Suites by EL Development Pte LtdBest Executive Condo Development·        iNz Residence by QingJian Realty (Choa Chu Kang) Group Pte Ltd·        The Visionaire by QingJian Realty (Sembawang) Group Pte LtdBest Landed Development·        Belgravia Villas by Fairview Developments Pte Ltd (a unit of the Tong Eng Group)Best Retail Development·        Tanjong Pagar Center (TPC) Retail by GuocoLand Singapore·        Stars of Kovan by Property Enterprises Development (S) Pte LtdBest Office Development·        Guoco Tower by GuocoLand SingaporeBest Hotel Development·        Novotel Singapore on Stevens, Mercure Singapore on Stevens by Oxley Holdings Limited·        Sofitel Singapore City Centre by GuocoLand SingaporeBest Industrial Development·        Mandai Foodlink by Wealth Property Pte Ltd (a JV between Lian Beng Group Ltd and The Legacy Industrial (Mandai) Pte Ltd)·        Solaris @ Kallang 164 by Soilbuild Group·        T-Space by Goldprime Land Pte Ltd (a JV between Lian Beng Group Ltd and Oxley Holdings Limited)Best Mixed Use Development·        Le Quest by QingJian Realty (BBR) Group Pte Ltd·        Paya Lebar Quarter by Lendlease·        Stars of Kovan by Property Enterprises Development (S) Pte Ltd·        Tanjong Pagar Centre by GuocoLand SingaporeDESIGN CATEGORIESBest Luxury Condo Architectural Design·        Spottiswoode Suites by Spottiswoode Development Pte Ltd (a JV between Lian Beng Group Ltd and Centurion Properties Pte Ltd)·        Wallich Residence by GuocoLand SingaporeBest Private Condo Architectural Design·        Kingsford Waterbay by Kingsford Property Development Pte. Ltd.·        Parc Riviera by EL Development Pte Ltd·        Stars of Kovan by Property Enterprises Development (S) Pte Ltd·        Symphony Suites by EL Development Pte LtdBest Condo Interior Design·        Le Quest by QingJian Realty (BBR) Group Pte Ltd·        Kingsford Waterbay by Kingsford Property Development Pte. Ltd.·        Parc Riviera by EL Development Pte Ltd·        Stars of Kovan by Property Enterprises Development (S) Pte Ltd·        Wallich Residence by GuocoLand SingaporeBest Retail Architectural Design·        Stars of Kovan by Property Enterprises Development (S) Pte Ltd·        Tanjong Pagar Centre (TPC) Retail by GuocoLand SingaporeBest Office Architectural Design·        Guoco Tower by GuocoLand Singapore·        Oxley Tower by Oxley Holdings LimitedBest Hotel Architectural Design·        Novotel Singapore on Stevens, Mercure Singapore on Stevens by Oxley Holdings Limited·        Sofitel Singapore City Centre by GuocoLand SingaporeBest Condo Landscape Architectural Design·        High Park Residences by CEL Development·        Kingsford Waterbay by Kingsford Property Development Pte. Ltd.·        Parc Riviera by EL Development Pte Ltd·        Symphony Suites by EL Development Pte Ltd·        The Visionaire by QingJian Realty (Sembawang) Group Pte LtdBest Commercial Landscape Architectural Design·        Paya Lebar Quarter by Lendlease·        Tanjong Pagar Centre by GuocoLand Singapore·        T-Space by Goldprime Land Pte Ltd (a JV between Lian Beng Group Ltd and Oxley Holdings Limited)SPECIAL AWARDS CATEGORIESSpecial Recognition in CSR·        Lian Beng Group Ltd·        Oxley Holdings LimitedSpecial Recognition in Sustainable Development·        EL Development Pte Ltd·        Lian Beng Group LtdBest Green Development·        iNz Residence by QingJian Realty (Choa Chu Kang) Pte Ltd·        Paya Lebar Quarter by Lendlease·        Tanjong Pagar Centre by GuocoLand SingaporeBest Universal Design Development·        iNz Residence by QingJian Realty (Choa Chu Kang) Pte Ltd·        Paya Lebar Quarter by LendleaseBEST OF SINGAPORE CATEGORIESBest Condo Development (Singapore)·        WINNER to be selected from Condo category winners and announced during the gala dinner on 7 November 2017Best Housing Development (Singapore)·        WINNER to be selected from Housing category winners announced during the gala dinner on 7 November 2017PUBLISHER’S CHOICEReal Estate Personality of the Year·        WINNER to be announced by Property Report magazine editors before the gala dinner on 7 November 2017For more information about the PropertyGuru Asia Property Awards (Singapore), email info@asiapropertyawards.com or visit: AsiaPropertyAwards.com/singapore/

Buying an off-plan project can be a scary concept for prospective home buyers, but it can be advantageous in terms of value for money, premium locations of property - and lucrative promotions. In “Why buy property off-plan in Cambodia? Part 1”, we explained the basic knowledge of the off-plan property. In this article, we will explore the process and associated benefits in more depth, to ensure any impending purchaser feels fully informed about buying off-plan. Here are some more factors to consider before making a decision to purchase any off-plan unitHow can I determine the value of my off-plan investment?If you are considering an off-plan purchase as an investment opportunity to generate rental income or resell, it is important to keep in mind that buying off-plan can involve a substantial waiting process. If you cannot afford to wait a minimum of at least two years before seeing any kind of income or capital appreciation, an off-plan purchase may not be the best type of investment for you.In real estate, looking at comparable properties (“comps”) is the best way to determine the value of your investment. However, when you buy off-the-plan, this is not an option, as any comps would purely be speculative. This can lead to inflated estimates of what people think the value of their off-plan property will be, especially in areas with a reputation as a “hot spot’’. In order for you to be as realistic as possible- check out the surrounding area with a very critical eye. Find out as much as you can about the area and about other properties for sale. This is the only way to get an honest estimation of what you can expect from your purchase.How long before the project will be completed?When you buy a villa, payments may be spread out up to the point of the completion date which may take up to 18 months. A condominium may take as long as 24 months, and some projects don’t even mention the specific completion date and can take up to 3-4 years. Keep in mind that some construction plans may fall behind schedule, so be prepared to wait.How to protect yourself if construction plans fall behind schedule?It’s critical when you purchase off-plan that you ask the developers for the expected date of completion, and your move-in date, and that this must be included in the contract. Your contract should also contain details about your rights if that completion date is missed. In some circumstances, laws are in place that automatically require the developer to pay penalties, even if the contract does not provide for it. However, don’t bank on that always being the case. To fully protect yourself make a clear agreement between you and the developer before signing the contract about what happens if the completion falls behind schedule.Click here for Why buy property off-plan in Cambodia? Part 3  we explore why you should consult a lawyer when purchasing off-plan, and for a summary of this approach to entering the property market. Please read more articles Is now the time to Buy or Rent a property? Experts share their viewSearch properties for sale in Cambodia and current properties for rent in Cambodia!

Running along key Cambodian highway National Road No. 4, StarLand project, developed by STAR5 Developers Pvt, Ltd. is located close to Phsar Prey Pdao, and about 5 kilometers away from Phsar Thnal Tutueng,  This project is a plot land developing project, and is the first big investment in an area that has recently been identified as a ‘high potential area- expected to see substantial growth, both now, and in the future,With this new development, there are two different different types of subdivisions available, within the project. The first option for a plot of land is 4.5m x 19m section with an attractive price tag of $6,413 USD  The second option is 5m x 20m at a price of only $8,100 USD.Not only have the developers priced their sections extremely competitively, but they also offer a flexible payment scheme; whereby hat buyers need only pay $233 USD per month(first option subdivision) and $295 USD per month(second option subdivision),without any interest attached.You will be guaranteed a hard title as an ownership right, which will enable you to use this plot of land as collateral for any prospective loan you may need. StarLand also offers a prime opportunity for capital appreciation on investment, as it is surrounded by major infrastructure including a 20 meter access road, electricity, running water, and world class sewage systems.There are further proposed amenities in the area which include international schools, clinics & economic zoned warehousing. As it stands there are already three factories that consist of over one thousand workers working each day. Moreover, there will be a Chinese market, located right next door to the project.These additional features, and StarLand’s underlying affordability make the STAR5 developers proud to introduce their investment, which they will be doing as an exhibitor in Cambodia’s Real Estate Show 2, held on 6 & 7 October, 2017. The developers will also be armed with a range of promotions and price discounts for StarLand.Therefore, for those who are interested to take advantage of the special show only offers, or if you simply want to know more detail about the project itself, sales representatives from Star Land will be located at Booth number 26 and 27 at the event to answer any inquiries.Beside this, you will also have chance to learn from several panel presentations and discussions in Khmer, Chinese, and English. Speakers and presenters will include local and international experts, speaking about relevant topics and trends, and the real estate climate in general. These seminars are expected to help investors choose the right opportunities and know the reality of real estate in the country.Find the plot land on Realestate.com.khConsidering buying property and want to join the show for free – sign up here.

As part of another lavish marketing splurge, global real estate firm Knight Frank has recently hired England’s football legend David Beckham, to help promote their country properties. This partnership has also created a platform for Beckham to pitch his new fashion range.Knight Frank has also partnered with a number of high profile ‘lifestyle curators’ including Soho House star-chitect Martin Brudnizki, the Creative Director of Gucci, and movie star Patrick DempseyIn 2007, Beckham purchased a 13,000 sq feet, 9-bedroom Italianate villa in Los Angeles for £14.2 million, opting for close personal friend Kelly Hoppen to style the interiors. The property was put up for sale late last year for  £24 million, which would provide a £9.3million gross profit.It is in this regard that many people believe that the Becks-Knight Frank partnership is a decent attempt to persuade wealthy readers to ‘Buy It Like Beckham’, following his lead into the rural market.Find the real estate for sale or rent on Knight Frank Cambodia!Find the leading real estate news on Realestate.com.kh

Choosing the perfect property to invest in is no simple feat. With Phnom Penh continuously developing- particularly in the condominium market, prospective investors are swamped by choice. This poses the question of; what factors should you take into consideration when looking for an investment property?Although every individual has their own specific requirements, when looking for a developer to align with, one factor trumps all; experience. A developer with experience in the industry and knowledge of the relevant area, will have acquired all of the necessary tools to make future developments successful, and profitable for investors. This perfectly describes Parkway Investment Co., Ltd, who have major local developments under their belt such Big A Mall and Parkway Square which have become Phnom Penh landmarks. The Parkway project, is their newest condo development, and to reach a whole new level of industry excellence, they have established a partnership with Chinese-owned Nantong City Daxin Engineering (Cambodia) Co., Ltd.The Parkway project will have a total of three buildings and is located right in the heart of Street 273, Toul Kork, which epitomizes an area in high demand. The buildings Block A 36 floors,Block B 26 Floors, Block C 30 Floor respectively and in total, there will be around 1000 units available.Everything about this condo development speaks ‘’21st century’’, from an infinity pool to a ground floor mall with shopping, dining establishments and entertainment all at your disposal. However, one of the major focal points of the collaborative developers is achieving their goal of diversification. What that means is that both developer parties see The Parkway project as a long term investment. This is why details such as the structural layout and architecture, all the way to the location chosen for the project, consider the needs of the future generations.They believe that the near future will see an influx of Phnom Penh residents choosing to live much more centrally, due to the convenience this provides and the income status of residents changing and improving. They have integrated a community feel’’ through the designing of relaxing common areas on each of the floors, to encourage social interaction. A well thought out, exciting project in the hustle and bustle of the city we all love, and an exciting investment opportunity.The Parkway projects developers and team are excited to be a part of the Real Estate Show 2 on October 6-7th to share their expertise and help you with an investment that looks to take you into the future.

What would you define as ‘living the dream’? For many, that vision is that of a lavish home; for others, it may be the relaxation of a seemingly never ending holiday, or even the opportunity to pursue your passion on a daily basis.What if it were possible, if all of these conceptions of life, could be combined, to enable that ‘dream’, to be turned into a literal, and accessible reality?That is exactly what Aristo Developments have aimed to do through the establishment of the Venus Rock Golf Resort villas and Cyprus citizenship incentive.  The vision was that of combining, luxury, relaxation and an immense passion for the golfing sport to become a game-changing development - and  enable investors from abroad to be granted citizenship in Cyprus.Citizenship in Cyprus comes with a whole host of unique and exciting benefits, and is essentially securing the future of you, and your family. An investment in Venus Golf Resort, is one  that will grant citizenship for you and family, within six months which enables travel throughout the European Union, and best of all, this will be valid for life.From conception, the developers have aimed to redefine what is considered ‘World Class’ which Venus Gold Resort itself  , begins to be resonated in the Villa’s themselves. With two plot size options; the Royal Residences, and Premier Residences, both are completely adorned with a swimming pool, private parking and state of the art construction and fixtures. Each villa is detached and boasts uninterrupted sea views.However, what really sets these villas apart is the emphasis on privacy. The outdoor space is unparalleled, as the footprint of the property itself only accounts for 20 percent of the land plot- meaning the rest of the resident’s land comprises of large green terraces, the swimming pool and landscaped gardens to truly encompass the Mediterranean lifestyle.Though privacy is a priority, the developers have envisioned the need for community, and leisure, which comes from the villa’s surrounding the notorious Secret Valley Golf Club. This world class institut boasts a fully functional 18- hole signature championship golf course, 300 meter driving range and full time golf teaching professionals for residents to fully utilize. It truly is, pleasure and leisure on your doorstep.Centrally located between Pafos and Limassol, and a ten min drive from the Pafos International Airport, accessibility is no issue. With iconic Cyprus archeological sites such as the birth place of Aphrodite within a short driving distance, a final cultural element is added into the ‘vacation’- that will be your new home.Come and talk to the friendly team from Aristo Developments  Booth 30 at the Real Estate Show 2 to learn more about their vision, which is set to become one of Europe’s largest luxury beachfront development in the beautiful Cyprus.Considering buying property and want to join the show for free – sign up here.