If you are considering investing in the Cambodian real estate market or are even intrigued by how payments work for renting a property in the Kingdom, we will try and help you explain the basics and what to do to make transactions easier.It should be said upfront that it can be challenging for foreigners to apply for a mortgage or home loan with banks in Cambodia, so as a buyer, it is important to choose the easiest payment methods to complete your property investment plan and consider the fees involved with overseas transactionsCambodia is the most preferred destination especially for USD holders as a majority of property transactions are completed in USD. There are a few benefits in this being.Investing Or Buying Property in CambodiaThere is a detailed breakdown of making payments for purchasing a property in Cambodia. Common payment methods for buying property include:Monthly installment payments - Monthly installment payments allow for regular payments over a set period of time, instead of paying the full price upfront - this makes it more manageable for consumers.Payments based on construction progress - This financing method (which is fairly common in the construction industry) entails dividing the total cost of the project into several installments, which are paid based on the completion of specific stages of the construction process. The payment schedule is typically outlined in the construction contract (which should be thoroughly checked and read). Milestones and percentages of the total cost are assigned to each installment.Full payments - Reasonably self-explanatory but the full amount is paid for a property usually within 30 days of signing the sales agreement. This is the preferred payment method for buyers and investors seeking the best investment price.Bank financing - This is the financing provided by a traditional lending institution such as a bank or credit union via a mortgage or loan but is mostly for Cambodian citizens.An increasing number of banks have been offering loan services to the real estate industry, and some banks do provide loan support to international investors outside of Cambodia. Some long-term foreigner residing in the Kingdom who can show proof of income and their work history in Cambodia might be eligible to obtain a home loan from a bankA recent report from Mekong Strategic Capital suggests that Cambodian real estate-related loans make up a third of total loans and have dominated growth over the past decade.It is recommended that buyers and investors inquire with the developer during property viewing if they have partnered with any banks to provide loan services to foreign buyers.Realestate.com.kh also offers a loan calculator to estimate how much you will need to pay per month if you choose to buy a property through a loan.How Does Rental Payment And Deposit Work In Cambodia?In terms of renting in Cambodia, there isn't a strict regulatory framework in place, but common practices among Cambodian landlords are to include all details for the renter in a rental contract which includes all details concerning the security deposit, obligations, utilities fees and other fine print which could include the early breaking of the contract etcA security deposit serves as a safeguard for landlords against potential damages or breaches of contract and is a common aspect of renting in Cambodia. The exact amount of the security deposit can vary and often depends on the landlord's discretion but 1-2 months would be seen as normal for 1-2 year rental agreements - the longer term rentals often can mean a negotiated price lower than the regular asking price.Some landlords, in cases of contracts spanning several years, might require a higher security deposit, ranging from 5 to 6 months' rent but this is rare - landlords would often be happy to have a long-term reliable tenant who pays on time.Tenants are usually required to pay rent in advance for each month of their tenancy and on a regular date. Tenants should be aware of this schedule to ensure timely payments and a good landlord-tenant relationship for a healthy relationship.It should be clarified how the utilities will be paid - utility fees such as water, electricity, and sometimes garbage collection are often paid separately (and quite easily in 2023 as many banking apps make it very convenient to do so). Some landlords might  include utility fees in the rental payment to simplify the payment process for tenantsRental fees might not encompass all amenities such as for Wi-Fi, cable TV, and parking, could be separate from the base rent. It should be clarified upfront what would happen if, as a tenant, you decide to terminate the contract early. A landlord may retain the deposit or need a one-month notice period - often the final month’s rent can be used in lieu of that month's rental fee.Remittance and International Transfers To CambodiaTransferring money to Cambodia is a relatively straightforward process, but it is important to have the correct documentation and comply with relevant laws. Under the Law on the Foreign Exchange of September 1997, there are no restrictions on foreign exchange operations through authorised intermediaries, including purchases and sales of foreign exchange on the foreign exchange market, transfers, all kinds of international settlements, and capital flows in foreign or domestic currency between Cambodia and the rest of the world or between residents and non-residents.Before transferring any amount of funds to Cambodia, it is important to check with your own bank in Cambodia to ensure that the correct documentation is completed and compliant with relevant laws.Although international money transfers are not complicated, they are still seen as relatively in Cambodia but progress has been made:Cambodia was removed from the grey list -  a list of nations under the Financial Action Task Force (FATF) - in 2023 and this should open up the ease of transfers globally.There is an increasing number of banks that have signed MoUs with global payment partners to allow for easier, faster, and more affordable remittance payments.Crypto payments are still not accepted but the government has been working with Binance to better understand the framework for cryptocurrency payments.Remittance transfers from Cambodians were worth approximately $2,63 billion in 2021.The value of the transfers was estimated to reach a projected $2,720 million by the end of 2022.It’s always best to check with both your local bank and the developer to see what your options are for payments and the fine details and an honest conversation with your landlord to make sure you know what you are entering into with regards to payments for rentals. Always ensure you have checked for additional or hidden fees that may be involved with transfers, and many services may run zero per cent fees on occasion.

A Trust is one of the newer mechanisms to help investors manage their assets in Cambodia and offers a means of holding and managing property for foreigners too. In Q3 2023, the Trust Regulator (TR) Director-General Sok Dara confirmed that the legally registered trust funds had surpassed over USD $1.1 billion over the past year and there are expectations this could rise to USD $1.5 billion by the close of 2023.The Trust Law of Cambodia was enacted on January 2, 2019, and has seen significant growth - it is part of the reason the well-regulated trust market has helped to ease and build investor confidence.The Trust Law provides a range of regulations and rules to govern the rights, duties and responsibilities of the trustor, trustee and beneficiary as well as a comprehensive understanding of each type of trust and its purpose, so what should you know about Cambodian Trusts?Why Utilise A Trust In Cambodia?Trusts offer an alternative to direct investment and a risk-mitigation mechanism but also allow foreigners to own land legally. Whereas Cambodian citizens have the right to own land and property without restrictions, foreigners are prohibited from owning land in Cambodia directly. Foreigners can own condominiums and apartments in Cambodia (excluding the ground floor, which is attached to the land) but under the Trust Law, a foreigner may indirectly manage the real estate by providing a trustee with the right to hold the title and manage the real estate for the benefit of the foreigner (Trustor) or the beneficiary of the trustor.In essence, this allows foreigners to profit from land price appreciation without owning the land in their name, while the trustee manages and protects the property for the trust's beneficiary. A Trust is thus professionally managed and provides investors such as foreigners in Cambodia an opportunity and solution to invest in or hold ownership of a property which was not previously an option.What Is The Cambodian Trust Market Valued At?Since 2022, the value of funds invested in the various trusts has nearly doubled and Sok Dara, is confident the values will be in the billions of dollars, with more than 500 Trusts recognised by Q1 2023.Dara said that the Trust offers a “more effective investment policy for Cambodia to increase the cash flow, and direct investment into Cambodia, increase tax revenues, financial diversification, and transparent monitoring of capital flow”.Which Cambodian Companies To TrustFor foreign investors, understanding the process of purchasing landed property in Cambodia via a Trust can offer challenges but if you are looking to invest or set up a Trust, you have to ensure you are following The Trust Law which requires that all trusts be registered with the government. Trustees must also meet certain qualifications and standards of conduct, while The Trust Law only recognises licensed trustees in holding land. The benefit is that trustees can help arm potential investors with knowledge of the range of investment opportunities in Cambodia and are qualified and licensed by the Trust Regulator. Hans Chen, CEO at Stronghold Trustee Co., Ltd, which was one of the first companies in 2019 to receive Approval in Principle of Trustee License and by 2021 completed the first trust registration in Cambodia, told us: “Currently, Cambodian regulations do not allow foreigners to purchase properties connected with the land, such as land, flat houses, or shophouses. Some investors may already know or have experience using a Nominee structure or a land holding company (LHC) when investing property.”He added, “Although those methods solve the title-holding problem for investors, some negative issues like fraudulence or high hidden fees still happen and hurts property buyers' confidence in investing. Therefore, safely investing in real estate in Cambodia has become an essential issue for foreigners before investing.There are many types of trusts, and the structures are pretty flexible. For example, except for using a land trust when buying the land, investors could also combine the land trust with a money trust or use a money trust directly for flexibility in investing. However, A simple contract with a licensed trust company cannot be called a real Trust. A legal trust product has its operational process, especially trust registration. Take the land trust as an example; the trust company must register the asset with the Trust Regulator within three months after signing a trust contract. The Trust Regulator will issue a certificate to officially announce that the asset has registered and become a "Trust Asset" after the registration, which means the Cambodian Trust Law protects the asset.”According to the TR, there are currently eight trust companies, eight banks, 43 physical trusts, and 10 appraisal firms that have received a license or permit or recognition from the TR by August 2023. Some examples are:In 2022, Prince Trust, a member of Prince Holding Group (“Prince Group”) signed a memorandum of understanding (MoU) with Cambodian Investment Management and Realestate.com.kh to collaborate on opportunities to attract inbound investments through Cambodia’s Trust Law.Phillip Bank (through its associate company Phillip Trustee Cambodia), announced in 2023 that it had agreed to enter into a strategic partnership with Sarita Waterside. Philip Bank is promoting favourable terms to foreign buyers who can purchase and own properties under a trust structure and ensure the foreign investors establish a trust to legally own properties that are fully compliant with Cambodian Trust Laws.Companies such as Stronghold Trustee and Canatrust - which is part of Canada Group and was the first Trust Company in Cambodia, are seen as reliable Trust companies to use. Chen adds ‘the selection of trust companies is also essential. Besides possessing a legal business license and Trust license, the ability to customise the product structure and implement trust registration procedures are significant indicators of meeting the client's demand and safeguarding the property.”These firms are able to assist foreign buyers in acquiring property legally and ensure all taxation requirements are met as well as offering ongoing services to ensure the investment is being done in a professional, reliable and trustworthy way.Types Of Trusts And Cambodian RegulatorsFollowing the Law on the Organisation and Functioning of the Non-Bank Financial Services Authority (NBFSA) on 16 January 2021, the Market and the Financial Institutions Department of the General Department of Financial Industry were integrated as Trust Regulator (TR). The TR regulates, supervises, and develops the trust sector in the Kingdom of Cambodia and the main responsibilities include the registration of Trusts and law enforcement as well as overlooking the regulations and Trust market mechanism in terms of licensing and the approval of Trusts.In addition, the Trust Registration Department of the Trust Regulator provides licenses to commercial banks for escrow services.Trust investment types in Cambodia include:Public TrustCommercial TrustSocial TrustIndividual TrustChen said their company receives many queries from overseas on what is available, “we receive many inquiries about trust structures every day. Our clients are from different countries in Europe or Asia. We understand that the law system works differently in other countries, therefore, we are willing and able to customise the trust structure under the guidelines of Cambodian Trust law to make investors feel at ease. We also show all the details on related fees and processes to let our clients know we are on the same page.”What Should A Foreigner Know About The Trust Law DevelopmentsThere have been ongoing developments to promote the Trusts and raise awareness about how they work.In July 2023, the Trust Regulator Cambodia and the Cambodia Chamber of Commerce signed an MoU to raise public awareness and promote participation in the Trust Sector in Cambodia.Around the same time, TR and CamEd Business School also signed an MoU to increase awareness, develop technical know-how, and regulate adherence of the Trust market.Companies like Stronghold Trust have been “working hard on educating clients, providing training sessions to our partners, and doing presentations in different places as much as we can to promote the trust sector. So far, the result is quite good, and we are happy and excited to see this and the potential growth of Cambodia” confirmed Chen.The Securities and Exchange Regulator of Cambodia (SERC) is also working to officially authorise real estate investment trusts (REITs) which are an investment vehicle that pools individual investor capital to purchase and manage income-generating real estate properties. These could include apartments, hospitals, and even shopping malls and will further enhance public trust, and investment opportunities, and boost Cambodia’s real estate industry.Hans Chen concluded, “Cambodia is a developing country with many favourable factors attractive to overseas investors. However, it is not enough to rely on just domestic resources. We need capital, technologies, and skills from various countries to enhance the development of Cambodia. With the completion of the Trust system, we believe that more and more investors will come to invest by using the trust, which is a legal structure that provides a safer way for your investment.”As the Cambodian real estate market faces challenges due to global economic changes, reduced Chinese demand, and an oversupply of projects, Trusts can offer a longer-term choice for investors in the Kingdom in which land and property prices are expected to rise in the future.

There are 25 provinces in Cambodia and the Kingdom has among the fastest rates of urban spatial expansion in Southeast Asia according to reports from the World Bank. The country remains an increasingly safe investment environment without the levels of risk of other frontier markets - this investor-friendly environment extends to owning a business as much as it does to owning certain types of property.Cambodia’s construction sector’s biggest investors have been China, South Korea and Japan but this might be changing post-pandemic as the country looks to new markets and diversify its FDI (Foreign Direct Investment) and trading partners.By Q1 2023, Cambodia’s total FDI was US$45+ billion and investors locked into the expected GDP growth rate being among the highest in ASEAN post-pandemic.In several provinces in particular, construction and tourism are seen as key drivers, and some reports suggest the demand for industrial property in 2023 is rising compared to 2022 in Cambodia.Increased Tourism & Investment Helps Boost Cambodian Real EstateThe recovery in the tourism industry post-pandemic as well as diversified investors are positive signs that add to the appeal of investing in property in Cambodia. According to the realestate.com.kh 2023 Consumer Sentiment Survey; Land, then Condominiums and Apartments were the most popular among buyers.Recent reports from the Ministry of Tourism suggested that in the first half of 2023, Cambodia experienced a remarkable surge in international tourism, with 2.57 million visitors arriving in the country. Demand for commercial activities and accommodations will need to cater to these visitors, and for those with financial means and a long-term investment goal, this offers a chance to enter the market during a period of property availability.The government hopes to attract seven million international tourists by 2026 and spread the attraction across the country with improved and diverse attractions and a better-trained service sector.You can also find out more about retiring in Cambodia.BattambangDomestic tourists regularly still visit Battambang but most international visitors will likely add on a visit to the region after travelling to Siem Reap which is still the biggest tourism drawcard in Cambodia and understandably so. Battambang has, according to the Ministry of Information (MoI), attracted approximately 2.3 million local tourists and over 250,00 international tourists over the past five years, even with much of the period impacted by the pandemic. In terms of catering to visitors, there are 46 hotels and 97 guest houses (3,000+ rooms) in Battambang.It might surprise some, but Battambang is still among the three largest cities in Cambodia. The charming city has for a long time had its own attractions and a thriving arts scene and has seen new festivals and education programmes tap into the creative side of this part of the Kingdom. Phare Ponleu Selpak (meaning "Brightness of the Arts") is one of the most well-known NGOs in the performing arts scene in the country and there are long-standing local and international eateries located in the city too.Battambang has also been an alternative for retiring expats and those looking for a slower pace of life (in the same way that coastal destinations such as Kep and Kampot have attracted regular long-term expats over the years). The relaxed pace of life and its natural green surroundings are attractive to those not seeking a busy city life.Among the more recent developments in Battambang include the on-again off-again process to either revive the abandoned Veal Bek Chan Airport airport or develop a new one in the city. In mid-2022, Battambang provincial governor Sok Lou also asked France to help repair and renovate some of the run-down French colonial-era properties which are a hallmark of the city.In Q1 2023, it was also confirmed that Battambang city had borrowed USD $50 million from the Asian Development Bank for the development of the banks of the Sangker River and constructing an underground drainage system. The Battambang Provincial Administration has also been constructing the Independence Monument, the Independence Monument Park and the night market to attract more tourists.Banteay MeancheyThe province is located to the northwest of the Kingdom and is located along the Thailand border. GIZ and the Banteay Meanchey provincial administration launched a website to promote investment in the province and utilised geospatial information technology to provide the data. The idea was to deploy the data-driven resource to increase the competitiveness of the Banteay Meanchey in attracting investment projects and showcase the province’s untapped potential.There are three Special Economic Zones in the province and Banteay Meanchey saw a 60% increase in capital investment in 2022 compared to 2020.The provincial economy is rapidly growing and diversifying and provincial administration offers a business-friendly environment to expand, trade, and invest. The main potential sectors are agro-processing, manufacturing, and tourism and there is access to a young, productive, and cost-effective workforce - the large youthful population is 37.4% aged between 15 to 35.Currently, the province has some good transport links - with 655 km of road network and three international border points with Thailand (the province is only 290 km from Bangkok and 359 km from Phnom Penh).Kampong Speu Kampong Speu is gearing up for a business boom according to some recent reports but it's one of many provinces seeing a push for investment. In Q1 2023, 5 manufacturing factories were announced in the province set up to employ more than 5,000 workers.The provincial administration has revealed plans to set up 25 new factories and enterprises which is expected to generate more than 20,000 jobs in total - this follows a visit from Kampong Speu governor Vei Samnang to China’s Guangzhou province.Samnang said in Q1 2023 that there are more than 380 medium- and large-scale factories already operating employing over 15,000 workers.A luxury handbag and leather goods manufacturer confirmed their commitment by opening two branches in Kampong Speu, while six garment manufacturers are also looking to set up in the Cambodian province. Dozens of other factories specialising in products ranging from footwear to electronics could also be enticed to set up a presence in Kampong Speu.More work and more employed workers, and hopefully continued investment in infrastructure in the province bode well for future property developments and potential rising land prices, more amenities and transport links. The province is also rich in national parks, waterfalls and natural scenery so could be opened up for ecotourism.Where Are The Current And New Airports Being Developed In CambodiaThe Cambodian government previously announced an investment of USD $3.5 billion to build, expand or renovate Cambodian airports under the aviation development programme from 2015 to 2023 (Open Sky policy) but private-public airport developments have grabbed most of the headlines.The plan is part of the vision to accelerate domestic transportation and link Cambodia to the international trade hubs and airports under this programme including Koh Kong, Poipet City, and the Mondulkiri airport.The Siem Reap Angkor International Airport (SIA) is scheduled to open in mid-October 2023 and although dwarfing the current airport in the city, very few new airlines or routes have been announced in anticipation of the opening but are expected to do so in the coming months and years.Techo Takhmao International Airport, the new Phnom Penh International Airport, will only likely be operational by 2024 at the earliest and the ambitious plans will see it be the 9th largest airport in the world when completed with all phases of construction.These are just one part of several infrastructure developments in Cambodia that are underway or being planned for better national and international connectivity, transport, logistics and overall economic development.

A new school year has already started for some in Cambodia’s capital, while other schools are in the process of preparing for the return of new students, teachers, and families to the various local and international schools situated around Phnom Penh.With new families and teachers arriving, which is an annual event at this time of the year, especially with the growing urbanisation of the city and the increasing numbers of international schools, choosing the right property to rent or buy should include various key decision-making factors.International Schools In Phnom Penh There is a growing demand for international education, and Phnom Penh is home to several highly-reputable international schools. There are thought to be more than 50 international schools in the capital in 2023, some are standalone, part of franchises, or spread across multi-campuses.The city also ranks among the most affordable in the region for international school education - the latest report from the International Schools Database suggested that Phnom Penh is in fact the second cheapest in Asia for international schools.Median prices for international schools are approximately USD $4,908, with highs of USD $20,340 per annum, suggested the report. Some of the leading international schools include the International School of Phnom Penh (ISPP), Northbridge International School Cambodia (NISC), Canadian International School of Phnom Penh (CIS), Lycée Descartes René Descartes and many more.For parents and families, it is important to decide if you want your children to follow American, British, French, Australian, Singaporean, or MoEYS curriculums when selecting the appropriate school, but there are fantastic educational services in Cambodia at international schools that offer a supportive and stimulating environment for their children's educational journey.Where Are Schools Located in Phnom Penh?Phnom Penh boasts a diverse range of educational institutions, catering to students of all ages and nationalities. The range of education has come on leaps and bounds and also spread more evenly around all corners of the city as Phnom Penh expands its urban creep in all directions. Reputable international schools often have a mix of experienced locally trained and international faculty staff and offer better facilities such as sports grounds, IT and technology labs and even drama theatres.Some of the notable areas with a concentration of reputable international schools in Phnom Penh include:BKK (Boeung Keng Kang)Daun PenhToul KorKSouth of Phnom PenhBuying Or Renting In Phnom Penh?If the move to Phnom Penh is a long-term one, buying a property is an understandable option but evaluating if the property will hold a high value and can potentially deliver on ROI (Return On Investment) are important. However, the valuation is probably not the only factor in determining the final choice. Safety, location, surroundings etc all play their part and these apply to renting the right property too.Properties located close to schools have an advantage due to the consistent demand from families and individuals seeking convenience and accessibility to educational facilities. Shared homes such as villas or condos and flats located near schools also hold great appeal for teachers and staff working at these educational institutions.Many families and teachers new to the city will choose to live within a reasonable distance of schools to save time and money. Hence good properties in prime areas can attract potential tenants from the school staff and higher rental demand.Settling in with your family or by yourself, it is shrewd to consider that properties near popular schools is a proposition that may attract both homebuyers and real estate investors. Properties located in areas with schools and other institutions have the potential for significant appreciation in property value, as they are sought-after in the real estate market.Cambodian Property Market Oversupply - Means A Wider ChoiceThe oversupply of properties in Cambodia since the pandemic has actually had a positive impact on property prices if you are a buyer or renter.Developers are now driven to offer more affordable options to attract buyers creating an opportune moment for buyers to acquire properties at a more reasonable price. In the same sense, it is a renters marker depending on the area you are looking at.The increased affordability has only enhanced the attractiveness of investing in Cambodian real estate, particularly for those seeking long-term investments and with a long-term view of their asset portfolio. For renters and buyers, it also means the oversupply of units in Cambodia has resulted in an array of choices for potential buyers and renters and some wriggle room for negotiation. The shift and correction in the market means has led to a wider array of projects available on the market, and the opportunity to select a property that best suits your preferences, requirements, and budget. This situation is likely to be temporary so do your due diligence, look for reputable developers and seek advice from professional real estate agents and advisors when renting or buying in Cambodia and in Phnom Penh.Location, Location, LocationOne of the key aspects is to focus on an area where you might actively live, work, and be happy.Currently, Phnom Penh's central BKK area has remained a highly desirable destination for visitors and expats seeking accommodation but is also among the most expensive. Schools located further away from the centre will likely have more affordable options in terms of property but might have fewer amenities but this is constantly changing.Below are some of the key considerations when choosing the right home to rent or buy in Phnom Penh:Safe NeighbourhoodThe continuous presence of parents and school & security staff, as well as the additional security measures around schools (CCTV, additional street lighting, zebra crossings etc), can positively impact the overall safety and security of a community and the area.Safety is a crucial factor when choosing a place to live especially when there is a young family to be considered. The reputation of a school can also have a positive impact on the area's safety and can significantly increase the desirability of properties nearby. As a result, in addition to peace of mind, the areas surrounding reputable schools can experience higher property value growth compared to other locations.Easy Access To AmenitiesSchools are usually located in neighbourhoods that offer various amenities, and Phnom Penh can be an anomaly as some of the best international schools were setup (at the time) what was considered the fringes of the city - but they have been surpassed by development. Some international schools would have been established on the outskirts of Phnom Penh to offer larger playing fields, more affordable large expanses of land etc but now there are better access roads, malls, cafes and a range of desirable amenities situated close by.This offers parents, students and staff access to more choices for meal breaks or after-school gatherings and just visible places to meet.For parents, and even the schools, the range of entertainment options in close vicinity to a school provides ample choices for recreational activities and areas such as parks, playgrounds, and recreational centres are becoming more in demand, and even a priority for new schools when they are established in Phnom Penh.Phnom Penh Keeps GrowingThe latest population census report released by the National Institute of Statistics of Cambodia highlighted some important trends, including family characteristics and population migration patterns. In 2019, Cambodia's population reached 15.6 million, with an annual growth rate of 1.4% compared to the 2008 census result of a population of 13.4 million. Phnom Penh continues to undergo urban population growth which means the city faces economic progress and infrastructure improvements but also new challenges to cope with the influx.Phnom Penh has in fact increased its area by over six times, reaching 679 square kilometres in 2019, and the World Bank indicated that Phnom Penh ranks second in terms of urban spatial expansion speed in East Asia. These facts are important as the city will keep growing outwards and vertically. If you had asked some residents today if ISPP or Northbridge schools would be enveloped by development at the rate they have been, few would have believed it.The southern region of Phnom Penh where ISPP and new mega malls are located is also the likely thoroughfare for the new Phnom Penh international airport which is under construction and likely to be operational by 2025 - with rumours of express bus lanes, light rail and other transport routes connecting the airport to the city all rumoured. Whether you are choosing to rent or buy, you need to keep in mind the area with vast development potential, the undeveloped low-cost land on the outskirts of the capital, and the continuously improving infrastructure projects which might change the city completely over the years to come.

Almost 100 of Cambodia's leading brands, developers, agencies, banks, and trust companies, along with popular lifestyle brands and a car showcase, recently came together for the country's largest property show of the year: The Home & Lifestyle EXPO 2023 held at the Koh Pich Exhibition Center, Diamond Island, last weekend, August 12th to 13th.This year's EXPO 2023 continued its success with over $15 million in property sales in just 2 days, featuring showcases, exclusive deals, and buyer incentives, confirming the sustained demand for property from within Cambodia and beyond.With the most reliable projects and popular lifestyle brands in the country, Realestate.com.kh’s biggest property show goes beyond properties. “Considering the current market conditions, we thought it was significant to have such an event. It is an opportunity to educate buyers about the pitfalls and what they consider when purchasing property, especially in this environment” said Tom O’Sullivan, CEO of Realestate.com.kh. “This year, we were particular with the types of developments and properties displayed at our event. I believe we brought out the country’s most trusted developers. The majority of projects displayed during the weekend were made to ensure quality and affordability. “Apart from projects, it was our first time introducing over 50 completed homes that were under market value. This expo was the ultimate chance to find properties in great locations at excellent prices. We were not surprised that most of these properties were snapped up over the two days,” he added.Organised by Realestate.com.kh, the biggest real estate platform in Cambodia, the EXPO series has been a staple of the country’s property sector gathering major brands all in one place for the benefit of Khmer home seekers and foreign property investors.The Home & Lifestyle EXPO 2023 received invaluable support from leading developers in the country such as Borey Peng Huoth, Orkide Development, Prince Real Estate Group, Bosba Property, Dragon Land, RoseMarvel Property Development, Urban Living Solutions and more. Other key partners in the private sector that contributed greatly to its success include IAAC Airport Advertising, Nham24, COGETEL (ONLINE), Poma Media, Khmer Times, Wowee Advertising, Provida Water, and B2B Cambodia.This year, it was also the first time that the EXPO proposed a concept for families. Local and international lifestyle retailers were able to showcase their products to the attendees. The two-day event also saw performances of Chhorn Sovannareach and Meas Soksophea ambassadors of Borey Bosba. Cambodia’s popular singers were highly anticipated and drew a large crowd to the event. The expo was also a fun day out for the family with Kids Wonderland, a dedicated play and activities area sponsored by SCIA and a food hall provided by Nham24. In addition, car enthusiasts had the chance to get close to the newest car brand and explore the future of mobility. Overall, the Home & Lifestyle EXPO was the place to be this weekend for families and property seekers.Cambodia’s most popular brands gave away prizes and other freebies to EXPO 2023 attendees. Adding excitement to the already eventful expo were the buyer and lucky door prizes given away during the 2-day expo. Prizes ranged from jewellery, vouchers, home appliances, and gadgets to premium services from the expo 2023’s commercial sponsors.The expo 2023’s big names, discounts, and prizes attracted big numbers as over 9,000 people flocked to the event over 2 days, all getting the chance to directly talk to developers and get much-needed advice and assistance in purchasing their dream homes and property investments.Real estate experts shared valuable insights on the Cambodian property market during the EXPO 2023. Some of the country’s leading experts, from various industries such as real estate & construction, banking & finance, insurance and many other lifestyle brands were present to provide buyers with guidance and advice. Rambo, 26, visited the expo and expressed excitement over the purchase of her first property in Cambodia. "I was able to learn more in-depth about the project and payment terms." The new homeowner of a villa in Borey Chankiri had the chance to win a new lounge chair set (Commune from T-One) with a golden egg prize following his purchase. The EXPO 2023’s $15 Million+ in sales showed interest to buy homes and invest in properties in Cambodia. As of writing, Realestate.com.kh continues to receive inquiries from would-be buyers of ongoing offers from EXPO 2023 Exhibitors. The Realestate.com.kh team thanks all attendees, exhibitors, and sponsors for making the Home & Lifestyle EXPO 2023.The Realestate.com.kh EXPO continues to set a new benchmark for Cambodia’s offline events and unveiled a market simply waiting for the right guidance and opportunities in the Kingdom’s real estate market.Looking for a property in Phnom Penh today! Contact our real estate experts to explore the best options that suit your needs and budget via our concierge servicesClick Here

The Royal Cambodian Government recently signed a sub-decree announcing the public holidays for 2024. One of the most significant changes is the extension of the Khmer New Year holiday. Traditionally spanning three consecutive days, next year's celebration will now encompass four days.Below is a chart displaying the dates and holidays for 2024Date Public Holiday January 1 (Monday)International New Year's DayJanuary 7 (Sunday)Victory over Genocide DayMarch 8 (Friday)International Women's DayApril 13-16 (Saturday, Sunday, Monday & Tuesday)Khmer New Year's DayMay 1 (Wednesday)International Labor DayMay 14 (Tuesday)King's Birthday, Norodom SihamoniMay 22 (Wednesday)Visak Bochea DayMay 26 (Sunday)Royal Plowing CeremonyJune 18 (Tuesday)Queen Mother's Birthday, Norodom Monineath SihanoukSeptember 24 (Tuesday)Constitutional DayOctober 1-3 (Tuesday, Wednesday & Thursday)Pchum Ben October 15 (Tuesday)Commemoration Day of King's Father, Norodom SihanoukOctober 29 (Tuesday)King's Coronation Day, Norodom SihamoniNovember 9 (Saturday)Independence DayNovember 14-16 (Thursday, Friday & Saturday)Water Festival Ceremony

There seems to be uncertainty in the air about property investments in Cambodia, despite the forward-looking data and overall sentiment from visiting investment groups which have been overwhelmingly positive. One of the legendary investment pioneers Warren Buffett's most famous quotes is “Be greedy when others are being fearful'' and eagle-eyed buyers have been snapping up Cambodian properties at good prices. This all depends on your strategy and goals but for some time we have suggested it is a cash-rich buyers' market in the Kingdom with market prices a better reflection of the value and new developments appropriately adjusting to the market and demands. Owning and Renting Property in Cambodia As A ForeignerCambodia introduced the Strata Title Law in 2010 and this enabled foreigners to own condos above the ground floor. The policy was aimed to attract foreign investment and stimulate economic growth- there are also no specific legal restrictions on foreigners renting apartments in Cambodia. Despite rates of urbanisation in the Kingdom among ASEAN nations remaining very strong, renting (or buying) an apartment is a relatively straightforward process, and it's easy for expatriates to easily find suitable options depending on their budget across Cambodia, particularly in the urban areas.Average asking prices for high-end condominiums in the capital were USD $2,609 per meter according to a CBRE Q1 2023 report. These have dropped off but property and condo investments are meant to be long-term holds and investors and buyers who hold on to their units will likely see future gains. The vision needs to be long-term and not panicked by ebbs and flows in any market.A recent report released by Realestate.com.kh highlights a substantial adjustment in the pricing of off-plan condominiums that occurred when contrasting 2019 prices with those in 2023. The report indicated the average price per square meter for off-plan condominiums in the capital has decreased from USD $2,800 to $2,000 / sq.m. We have addressed the market price corrections previously and this has led to off-plan condominium sales and robust sales rates for new condominium project launches in Phnom Penh, especially for well-developed new launches from developers who have established and proven track records.Buyers of property (both foreign and Cambodian) are better informed in their decision-making and there is more regular, and hopefully, reliable reporting on the markets. The current property market sees homeowners looking for quick sales - and the market still is advantageous for cashed-up buyers to secure purchases at favourable prices.According to the Semi-Annual Report 2023 from the National Bank of Cambodia (NBC), the total amount of loans released by banks in Cambodia increased to 11.9 per cent (USD $45.8 billion) in the first half of 2023. Housing loans increased 17.5 per cent (worth approximately USD $6.64 billion) compared to 2022 as the real estate sector grows in 2023. The NBC report indicated that housing loans by banks was the sector with the second fastest growth.While the sale of twin and single villa residential projects has declined, the Residential Property Price Index (RPPI) showed that the prices have not remarkably changed in 2023.Finally, the report added that the sales of condominiums in Cambodia have positively increased 12.9 per cent in the first half of 2023 compared to the same period in 2022 - while the number of construction projects has fallen approximately 10 per cent from 2,000 to 1,800.There were still ten completed condo projects and 3 new launches in the first half of 2023 in Phnom Penh which saw 1600+ condo units enter the market with 8,000 expected in total by the end of the year.Realestate.com.kh CEO Tom O’Sullivan said recently there was a spate of ‘revenge spending’  post-pandemic as some buyers thought it would be the last time to buy property at affordable prices before it bounced back stronger but this hasn't necessarily been the case in 2023 - also due to global economic headwinds. O’Sullivan said that the prices have stabilised in the Cambodian property sector to be more realistic and re-iterated that new developments that have launched in 2023 have offered lower and more realistic margins and are coming online at a great price.“Whether it's on our platform or those expressing an interest (with healthy down-payments or cashed-up investors) buyers are ready to take up the opportunities in the Cambodian property market,” added the CEO.Investor Groups Remain OptimisticThe global market conditions, the unease of how China has recovered in 2023, and the increased interest rates have all been headwinds for the local sector but these should be short-term.The recently released survey on EU business sentiments in the region is very favourable, while there have been on-the-ground investor visits from Singapore, Thailand, and China in 2023 who have been impressed by the scope of general business opportunities.The EU-ASEAN Business Council views ASEAN as offering the best economic opportunities over the next five years and some of the regional positives are all reflected in the appeal of Cambodia; macroeconomic conditions, the policy and regulatory environment, and the development of bilateral and plurilateral free trade agreements in the region. The investor sentiment was reflected in the fact that European businesses expressed a positive outlook on looking to expand their operations in ASEAN.The Cambodia Consumer Report 2023 (produced by Standard Insights and Cambodian-based consulting firm Confluences) provided an overall positive outlook towards economic growth too among Cambodian consumers - 91.83% are hopeful about their future.Why Cambodia Remains Investment Friendly There have also been a glut of investment reports released on Cambodia in 2023 and the same recurring themes remain the same and the same attractions ring true for the years to come.Realestate.com.kh Why Cambodia Guide, the DFAT Handbook on Investing in Cambodia, a collaborative endeavour between Cambodia and Australia, as well as the Profitence Cambodia Country Profile all sing to the same tune, Cambodia offers numerous advantages to investors:Solid economic growthStrategic geographical locationFavourable investment climate for foreignersGrowing infrastructure developmentSupportive legal framework and social and political stability.The country has been one of the fastest-growing economies in the region and GDP for 2023-2025 remains very strong even among frontier markets and especially in Asia. Cambodia has managed to successfully attract foreign direct investment, and the economic reforms are favourable to foreign investors while also optimistic for significant economic growth. The Cambodian market is actually very open to foreign investment, with 100 per cent foreign-owned investment permitted in almost every sector and foreign ownership of property in some cases also allowed, the expanded Trust laws are opening this up even further.Finally, there has been an alignment with international investment frameworks and a real attempt by the National Assembly to work with investors From the Trust Law, Construction Law, Law on Public-Private Partnerships, Law on E-commerce, Law on Social Security Scheme, Law on Consumer Protection, Competition Law and the Law on Investment).Finally, buyers and investors want stability. The scheduled swearing-in of the new Cambodian government reshuffle expected on August 22, 2023, should offer this continuity and stability as the nation will be led by a younger and foreign-attuned cabinet who are keen to implement and build on the progress made by the Kingdom over recent decades.

Taking place this weekend, Realestate.com.kh is all set to host the Home & Lifestyle EXPO 2023 at the Koh Pich Exhibition Center. The event will bring together over 100 exhibitors, ranging from real estate projects, trust companies, agents and other property-related companies providing attendees with exclusive insights into the property market in Cambodia.Since its inception in 2017, Steff Khiem, the Events Manager at Realestate.com.kh, highlights the evolution of the property showcase. "With each edition, our goal has been to introduce new attractions and exhibitors, all geared towards enhancing the attendee experience. In addition to showcasing ongoing developments in the market, this year we have expanded our focus on the property market by including resale properties at great prices, marking the first instance of such offerings being included."According to  Realestate.com.kh  site data, the count of properties listed for sale below their market value has surged by 15% on Realestate.com.kh in the past half-year. This points towards homeowners being eager to achieve swift sales within the current market setting. This situation presents an advantageous prospect for cashed-up buyers to secure purchases at favourable prices.Furthermore, a recent report released by Realestate.com.kh highlights a substantial adjustment in the pricing of off-plan condominiums that have occurred when contrasting 2019 prices with the present day. The report notes that the average price per square meter for off-plan condominiums has decreased from $2,800 to $2,000 / sq.m. This market adjustment has reignited off-plan condominium sales and led to robust sales rates for new condominium project launches, with particular reference to new launches from developers who have established and proven track records.As the Cambodian real estate sector develops, potential property buyers now possess greater access to information, resources, and comprehensive reports. Consequently, property seekers are better informed prior to making decisions regarding the acquisition of a residence or investment property. Among the prominent exhibitors joining the ‘Home & Lifestyle Expo 2023, Urban Living Solutions (ULS) will be showcasing their latest projects during the event. Their latest campaign ‘I OWN IT’, focuses on investing wisely. Ty Chea, the Head of Sales of Urban Living Solution expressed enthusiasm for participating in the event, and also getting to meet the crowd stating, “Buyers are becoming more discerning and educated, having a chance to speak to them directly is a great opportunity for us to connect, and present the growing trend of community living in Cambodia. Well-known for community-focused projects, Urban Living Solutions, will be showcasing the newly launched condominium ODOM Living, their low-rise property Rose Apple Square, and landed property Bakong Village respectively located in Phnom Penh and Siem Reap. The market for landed properties will witness a strong representation from esteemed developers. Sokha Cheng (Kelly), the Sales and Marketing Director of Orkide Villa, mentioned, "Our association with this event dates back to 2017, and while it undoubtedly offers us a valuable platform to present our developments, it equally empowers attendees to explore reliable projects within the market." Furthermore, the event will feature the participation of various other property developers, in addition to Borey Peng Houth, Borey Willams, Borey Bosba, Borey Chankiri, Rose Marvel, and others. In addition to the properties within the capital, the spotlight will extend to Sihanoukville during the event. The coastal city is a rapidly growing destination in Cambodia and abroad over the last four years. It is transforming into a key hub for trade, tourism and business, particularly with the emerging Bay of Lights, a mixed-use development project from the Prince Real Estate Group. Edward Lee, CEO of Prince Real Estate, expressed, "This expo provides us with a valuable platform to further promote Cambodia as a sought-after tourist destination and to invite multinational companies to enter the market." Furthermore, the real estate prospects beyond Phnom Penh offer a window into the advancement and growth taking place in other urban centres. Cambodia's ongoing development positioned itself as a prominent location for real estate investment in Southeast Asia. Cambodia’s Leading Boreys, Condos, Banks, Lifestyle & Corporate brands The who's who of Cambodia's property market and ancillary services are already onboard with more coming as the EXPO 2023 on August 12 & 13 draw closer.Major sponsors & key supporters include: IAAC Airport advertising, COGETEL (ONLINE), NHAM24, Legend Cinema, Wowee Advertising, Poma Media, Watch Empire, Provida Water, Cambodian Investment Management, B2B Cambodia, and Gold Zone Media.Exhibitors include: Borey Peng Huoth: The Eco Collection, The Star Polaris 23 Condominium, PH Grand Hall, Orkide Development: Orkide The Botanic City, Orkide The Pochentong, Orkide The Royal Condominium, Prince Real Estate Group: Prince Central Plaza, Prince Happiness Plaza, One Tropica, Morgan Group: Morgan Tower, Morgan EnMaison, Morgan Champs-Elysees, Overseas Cambodian Investment Corporation (OCIC), RoseMarvel Property Development: Mean Chey Residences, Urban Living Solutions: Rose Apple Square, Odom, Bakong Village, Urbanland: Borey Chankiri, Borey Dragon Land 598, MSQM ZTH: Leedon Heights, Le Condé BKK1, Residence H Sen Sok, Creed Cambodia, Borey Bosba, Chroy Changva Satellite City, Borey Heng Heang, Borey New Hope, Tourism City, Borey Mongkul, KH Land, ABA Bank, Canadia Bank, Shinhan Bank, KB Daehan Bank, GAC Motor, ISUZU, Forthing, STMarket, ARISTO Developers, DeGrand Realty, Borey Mongkul, Upward Property, FazWaz Cambodia, Parc 21 Residence, eMedia Links, Simplex, Stronghold Trustee, Orkun Solutions, Hitachi Elevator, MOVE By LM CAR, DreamsTown and more.Media partners include: Khmer Times, B2B Cambodia, AmCham, Cambodia Investment Review, Property Area Asia, Gold Zone Media, The Cambodia China Times, Enjoy Cambodia, Business Cambodia, FreshNews, Koh Santepheap Daily, Kampuchea Thmey Daily, ThmeyThmey, CNC, BTV, PNN, Hang Meas, CTV, TVK, CTN, Jianhua daily.For express entry, Click to register for the event https://www.realestate.com.kh/expo/

Get ready! Mark your calendar for the highly anticipated Home & Lifestyle EXPO 2023 on August 12th and 13th, from 10:00 am to 8:00 pm, at the KOH PICH Exhibition Center. This two-day event brings together Cambodia’s leading property developers, banks, lifestyle brands, and more, all under one roof!A Gateway to Your Dream HomeIf you’ve been dreaming of finding your perfect home or a great investment property, then this event is for you. The Home & Lifestyle EXPO 2023 offers a unique opportunity to engage in face-to-face discussions with the country’s most reputable property developers. Get the chance to learn about their latest projects, such as Odom, Le Condé BKK1, J Tower 3, Leedon Heights, Borey Chankiri, and Borey Dragon Land 598. Explore various housing options and secure some of the best deals of the year.And in case off-plan property doesn’t suit your preferences, seize the opportunity to acquire some of Cambodia’s finest homes at prices below market value.Expert Consultations for Informed DecisionsMaking a significant investment, such as buying a property, requires careful consideration. That’s why Home & Lifestyle EXPO 2023 goes beyond showcasing properties. At the event, you can consult with leading banks and property-related companies to receive expert advice and insights. These consultations will help you make well-informed decisions and guide you through the entire buying process.Beyond Properties: Lifestyle brands, Nham24 food hall & even a kids wonderlandThe Home & Lifestyle EXPO 2023 is not just about properties; it’s a holistic experience that brings together various aspects of modern living.Car Showcase: Cambodia’s latest models and innovations will be on display at the expo. Get up close and personal with cutting-edge cars and explore the future of mobility.Feast of Flavors: Take a stroll at the NHAM24 food hall, where a wide variety of treats awaits you. From authentic local delicacies to international cuisine, it will surely satisfy your taste buds and let you discover new flavors.Kids’ Wonderland: Don’t worry about keeping the little ones entertained while you explore the expo. The SCIA Kids Play Area provides a dedicated space to ensure your children have a fantastic time with engaging activities and games.Discover, Experience, and EnjoyThe Home & Lifestyle EXPO 2023 is a one-stop destination for property seekers, lifestyle enthusiasts, and families alike. It is an opportunity to experience the best offerings from Cambodia’s leading brands, all conveniently brought together at the KOH PICH Exhibition Center.So, mark your calendars, invite your friends and family, and head over to the Home & Lifestyle EXPO 2023 on August 12th and 13th. Discover your dream home, explore the automotive world, savor culinary delights, and let your kids have a blast.For express entry, Click to register for the event https://www.realestate.com.kh/expo/

When choosing to buy a property as an investment, there are various factors to consider. To ensure that the property holds high value and promises desirable returns, one of the key aspects is to focus on an area where people actively live, work, and engage in daily activities. It can be a significant driver of a property's long-term potential and overall value. Among the many factors that contribute to the attractiveness of a location, proximity to educational institutions, such as schools, has emerged as a noteworthy consideration for investors. In this article, we will delve into the compelling reasons that make real estate near schools a worthwhile consideration for property investment.Consistent DemandProperties located close to schools have an advantage due to the consistent demand from families and individuals seeking convenience and accessibility to educational facilities. Families with school-going children often prioritise living within a reasonable distance of schools to save time on daily commutes and ensure easy access to quality education. In addition to catering to families with children, properties located near schools also hold great appeal for teachers and staff working at these educational institutions. Teachers and staff members often seek accommodation close to their workplace to minimise their daily commute and enjoy the convenience of living within walking distance or a short commute from the school. As a result, properties in these areas can attract potential tenants from the school staff and rental demand.Safe NeighbourhoodSchools are essential community institutions, and the presence of educational facilities in a neighbourhood often contributes to a sense of safety. The regular presence of parents and school staff, as well as the additional security measures around schools, can positively impact the overall safety and security of the area. Homebuyers and tenants, especially families with children, often prioritise safety as a crucial factor when choosing a place to live. The reputation of the school and the positive impact it has on the area's safety can significantly increase the desirability of properties nearby. Real estate is strongly influenced by location. If the location is safe, it brings appeal to the appreciation price of the property. Areas surrounding reputable schools often experience higher property value growth than other locations.Easy Access To AmenitiesSchools are usually located in neighbourhoods that offer various amenities. A variety of eateries, cafes, and restaurants nearby ensure that students and staff have access to choices for their lunch breaks or after-school gatherings. Additionally, having entertainment options in the area provides children with recreational activities to enjoy during their leisure time, such as parks, playgrounds, and recreational centres. Proximity to these amenities adds further appeal to properties in the area, making it an attractive prospect for homebuyers and tenants alike.Where Are Schools Located in Phnom Penh?Phnom Penh boasts a diverse range of educational institutions, catering to students of all ages in many areas. From preschools to universities, there are numerous options available for parents and learners alike. When choosing a school in Phnom Penh, it is crucial to consider its background and reputation. Reputable schools often have experienced faculty and better facilities which appeals to parents and students. As for the locations of schools in Phnom Penh, they can be found throughout the city. Notable areas with a concentration of schools include BKK (Boeung Keng Kang), Koh Pich  (Diamond Island), Dauh Penh, and Toul Kork. To find a complete list of schools in Phnom Penh, click here.In conclusion, choosing to invest in properties near schools is a proposition that may attract both homebuyers and real estate investors. The benefits of such a good location include demand from families and school staff, safety and security, along convenient access to a variety of amenities in the surrounding neighbourhoods. Moreover, properties located in areas with schools and other institutions have the potential for significant appreciation in property value, as they are sought-after in the real estate market.Looking for a smart investment in Cambodia today? We have 50,000 listings on our website ready for youClick Here

Cambodia is blessed to have many development and infrastructure projects running concurrently, and the prized coastline and the islands that lie off the Gulf of Thailand in Cambodia's territorial waters are drivers for long-term tourism and hospitality growth, as well as the economic prosperity of the Kingdom. However, there needs to be a fine balance between granting development concessions and maintaining the natural beauty of the coast and the islands which ultimately promises greater investment in the tourism and real estate markets.Cambodian Economic Outlook 2023-2024Cambodia’s economy is still expected to grow at an estimated 5.5-5.6 per cent in 2023 which far outstrips the global outlook. Global growth is projected to fall from an estimated 3.5 per cent in 2022 to 3.0 per cent in 2023 and 2024, according to the International Monetary Fund (IMF).The National Bank of Cambodia recently slightly revised its growth forecast of Cambodia to 5.5 per cent in 2023. GDP growth in 2024 is estimated at 6.6 per cent.Growth in emerging markets and developing economies is expected to be 4.1 per cent in 2023 - so even among its competitive frontier-market piers - Cambodia is leading the race.The tourism sector is expected to experience healthy growth - Asian Development Outlook April 2023 report projects 7.3 per cent growth in 2023 before easing to 6.8 per cent in 2024.Cambodia attracted fixed-asset investment projects worth USD $1.1 billion in the first half of 2023 and a total FDI worth $45.8 billion! In the first six months of 2023, Cambodia hosted 2.57 million international visitors - this is over a 400 per cent increase from the same period in 2022. The most visited destinations in the Kingdom were Preah Sihanouk coastal province, followed by Battambang province, Phnom Penh, the coastal province of Kampot, Siem Reap, and Kandal province.Pentagon Strategy Phase I - Government LegacyWith new leadership in the newly elected Cambodian government taking the helm, following the news that Prime Minister Hun Sen would be stepping down, it has been made clear every effort will be made to have a seamless transition with younger political alumni to take Cambodia into the future.At the core of these succession plans is the Pentagon Strategy Phase I which is meant to concentrate on seven key areas of Cambodia’s economic development.The plan is not a complete shakeup of current economic drivers and strategic plans but rather cements the focus of the next five years on achieving the goals for Cambodia’ to become an upper-middle-income economy by 2030, and an even more ambitious plan to be a high-income economy by 2050.The key drivers of the Pentagon Strategy Phase include:Enhancement of governance and institutional capacitiesCreation of favourable socio-economic development conditionsDevelopment of human resources - private and labour developmentDiversification of the economy and strengthening competitivenessSustainability and inclusion and development of digital economy and societyKep - From Sleepy Town To Major DevelopmentsKep has already seen some fundamental changes over recent years and there are some major development projects reshaping the coastal town to try and revitalise the area and establish it as an alternative international tourist destination in Cambodia - although it has long been a holiday retreat for Cambodians and expats alike.Popular Kep National Park (which had a new road constructed through it), the Phnom Kampong Trach Caves, and the nearby nature reserve all remain popular attractions.New Kep Beach & Kep WestFor those familiar with the man-made extended beach near Knai Bang Chatt, the area is part of a newly transformed “Kep West”, which is really trying to target affluent travellers and holidaymakers (domestic and international).The newly widened beachfront and the addition of the Royal Kep Yacht Club (RKYC) are new attractions. While the original beach was 350 meters long, it has been expanded into a 2700-meter-long public beach. This is the early stages of a new masterplan for Kep which could see the area transformed and targeting a specific affluent market.Koh Tonsay Rabbit Island Port & DevelopmentIn terms of water access, the southern water corridor is being opened up via local ports which plans to offer direct routes to Phú Quốc (Vietnam) and international tourism, as well as bolstering domestic tourist accessThe port to connect Kep and Rabbit Island is the new Kep-Koh Tonsay Tourism Port which was completed in 2022 and stretches 306 meters long and 68 meters wide. The port can accommodate boats carrying 200 to 300 tourists (due to water depth) and the plans are to make it an international hub to help generate economic growth of the local economy. The port was developed at a cost of USD $18 million.A USD $130 million development project on Koh Tonsay run by the Try Pheap Group was also granted in 2021 which was planned to include five-star hotels, commercial zones, casinos, bungalows, public places and transportation such as a cable car - all over 140 hectares. Rabbit Island is located about 4.5km southeast of Kep town.Kep Coastal RoadsThe Cambodian government is looking for massive investment in the Kep area as well as developing improved transport links. Road Number 3 was completed, while Roads 31 and 33 are being refurbished and the installation of cycling and walking lanes along the coast will help promote the area in terms of tourism. The Kep coastal road spans 12.75 kilometres, connecting the Rabbit Island Port to Angkol Beach and was constructed with a USD $10.5 million loan from the Asian Development Bank.Kep Satellite CityIn Q2 2023, the plans for the development of a satellite city project in Kep run by real estate tycoon Khun Sear's company, covering a total area of 1,467 hectares in Sangkat Kep, Kep City, and Pong Teuk Commune, as well as Ang Kol Commune in Damnak Chang Eur District was approved.Other Cambodian Island Development ProjectsIn late 2022, Koh Tbal Island (Mortar Island), which is located 1.3km southeast of Koh Tonsay Island, was also earmarked for major development as the Duke Try Pheap Company would develop it into a natural tourist area (it's part of the Try Pheap Group), investing USD $17 million.In September 2022, SAMANEA CO., LTD was also allowed to invest in tourism development projects on three islands in Kep province to the value of USD $18.2 million. The goal is to develop tourism resorts and sites on three islands; Koh Svay, Koh M’tes and Koh KokIn April 2023, the Cambodian Investment Committee of the Council for the Development of Cambodia also issued licenses to GTVC IMPORT EXPORT CO., LTD “One Island” investment development project. This is located in Sangkat Koh Rong Samloem, Koh Rong City, Sihanoukville Province with an investment capital of approximately $ 7.7 million.At the same time, DEN NOKOR (CAMBODIA) INVESTMENT CO., LTD Investment project was approved for a tourist resort on Koh Toteung and other related activities located in Koh Sdach village, Koh Kong province. The investment capital was approximately USD $30 million.Cambodian Port DevelopmentsThe Ministry of Economy and Finance, Ministry of Public Works and Transport, and the Ministry of Tourism will co-host an investor seminar on “The Operations and Maintenance of Kampot Tourism Port through the Public-Private Partnerships” on August 17, 2023, in Phnom Penh and have invited local, regional, international port, and tourism ferry operators and other interested private investors. The aim is to highlight opportunities in developing coastal tourism in Kampot and Kep provinces and connecting sea tourism in Cambodia with Phu Quoc as well as the chain of other islands within the region, said an official release.Kampot Tourism Port was built under an ADB loan of more than $18 million but needs investment to be operational but is hoped that it will serve as a gateway for cruise ships connecting Thailand and Vietnam to Kampot.Here is a reminder of some of the key infrastructure projects including ports in Cambodia that we have covered before. The USD $300 million construction of the international airport on Koh Rong Island (with investment from The Royal Group Koh Rong Development Company, a subsidiary of the Royal Group Co., Ltd.,) also got underway earlier in 2023 and is expected to be completed in 2027/8.There have already been Thai and Singaporean delegations shown around the key investment hotspots in the Kingdom in 2023, with another Chinese investor delegation planned for later this year.As ferries, planes (including Samra Seaplanes with the venture set to be operational in 2023), rail networks and expressways make it easier for tourists to reach the coast and island-hop to their hearts and budgets desire, the Cambodian coast will continue to attract investment - but how sustainable development projects align with economic prosperity remains to be seen.

Phnom Penh is multicultural and forever morphing as the capital city balances its growth as a hub of investment and a destination of choice for business, Cambodians, and foreigners who might be relocating temporarily or permanently to the Kingdom. No city is without flaws, but the relative ease of transportation across the capital, the massive range of dining, retail options, sporting & leisure activities, as well as promising infrastructure projects in the pipeline, means there is plenty for families to enjoy in Phnom Penh. Affordable Living and Property - Phnom PenhNo matter which way you cut it, Phnom Penh remains an incredibly affordable capital city which offers a mixed variety of retail, leisure and all the bright lights that attract expats, Cambodians, business and travellers. The ease of living and affordability when it comes to housing options and the choice available is clear to see.From condos, to refurbished Khmer properties and shophouses, boreys and even villas - there is a budget and space available to everyone, but especially to those moving to the Kingdom from abroad. (For those bemoaning assumed rising costs, having just been through Hong Kong and in Europe, Cambodia has a long way to go to worry about being priced out of housing!)There thankfully also been a trend in the rise of incorporating green spaces in both residential and commercial properties in Cambodia, yes its not at the level we might all like it to be, but the combined importance of the environment’s well-being but also mental health has resulted in a demand for eco-friendly buildings, green infrastructure, and access to nature.Whether you are renting or you decide Phnom Penh is a long-term investment and living destination for you, there are several excellent guides to help you with the process, but the fact that foreigners can own property, own a business, and relatively easily renew visas in Cambodia are all attractive. Education In CambodiaThere are a large number of private schools operating in the Kingdom, and they are among the most affordable in the Asian region. The latest report from the International Schools Database suggested that Phnom Penh is the second cheapest city across Asia for international schools. More and more international school franchises continue to enter the market and the report indicated that the median prices for international schools in the capital of Cambodia are USD $4,908, with highs of USD $20,340 per annum.Whereas in the past, providing specialised services for youths and kids who need adaptive educational, developmental, emotional, or behavioural education would have been a challenge, the situation has improved. This is also true for mental wellness and specialists who offer expertise for children.Some Cambodian banks even offer junior bank accounts and promote tools for managing​ money​ and​ building​ healthy​ saving​ habits.Family Activities In Phnom PenhOver the past decade some fun family and group activities have come and gone, but there is probably a wider choice available now than ever before. Providing safer and more diverse playgrounds and recreational facilities for families with kids and tweens in mind have been more carefully planned and considered by developers, businesses, and to some extent the Sangkats.Utilising swimming pools on the weekend (either at condos or at the many hotels that allow outside guests) has been a longstanding pastime. That has been elevated with the likes of Garden City Water Park (which is also ideally located near the Phnom Penh Safari.)There are also escape rooms, Fly Phnom Penh (trampoline park) and even a skatepark located at The Factory which also hosts events and fairs.Other sporting activities aimed at youths (and many age groups) include the CIS Roller Dome, several coaching clinics and youth sports from AFL, GAA, Touch Rugby, Soccer, Basketball, a variety of MMA etc.Even if sports are not for you, there is a range of arts and crafts, music and dance, as well as board games cafes and clubs, Dungeons & Dragons groups and other tabletop game activities and clubs in the city (try Battle Forged for Warhammer and Games Workshop).Parks on Koh Pich (Diamond Island) such as Treellion and Coconut Park have regular events, live music and some greenspaces for the family with farmer markets becoming a regular occurrence.Coconut Park has held public film screenings, offers a kids splash pad area, and arts and crafts indoors as well as a dance studio. Treellion Park is home to the city’s only put put course (Birdies Mini Golf) and hosts several concerts and music and themed events, dining options, as well as the popular DIB club swimming pool and even Karting!Malls are everywhere now in the capital with more coming. This means they address the retail therapy needs but also offer welcome relief from the hot days as they are air-conditioned. There are many family-friendly activities (and better shopping choices for kids' toys and clothes as well as educational supplies.) From gaming arcades, bowling, to affordable cinema experiences (budget to Imax) the edutainment side will be on the up and up as malls compete for customers. Dining out, the surge of food delivery apps, and the sheer abundance of cafes and restaurants mean there is a wide range of international and local cuisine that is perfect for family feasts and for many budgets. One perk is there is better education on allergies and the availability of menus that cater for these as well as lactose intolerance and even gluten-free requirements but the sector still has to make some progress in this regard.There are also a plethora of online activities to keep families and kids entertained from online and mobile gaming, streaming services and so much more.Weekend GetawaysAside from the increased ease of international travel and flights -  especially with a mid-long term view of the additional and ambitious airports being developed in the Kingdom - there are such an abundant number of rail, ship, and highway projects under construction and in the pipeline, the reality is domestic and international travel will become more affordable, and less time-consuming. Getting the family in a car and heading to the coast and exploring the islands and a planned remodelling of Sihanoukville, venture to wildlife and nature at Kirirom, or head to explore Siem Reap, Kep or Kampot all over a weekend.If it's school holidays, or making use of the many public holidays still officially recognised in the Kingdom, escaping the city is as healthy and necessary as enjoying all of the benefits Phnom Penh has to offer on a day to day basis.The completion of the Phnom Penh Sihanoukville Expressway has significantly improved accessibility for domestic travel from Phnom Penh to the coast, reducing the travel time from six to just 2.5 hours - and the options of buses, private taxis or your own transport means there are multiple ways and budgets to travel by.Facebook and other social platforms such as Telegram are commonly used means to interact with expats and for specific activity and parenting groups in Phnom Penh.We have spoken to so many expats who have left the city over recent years, and all we spoke to are unified in their fondness of Phnom Penh. The ease at which you can socialise, travel, dine, and enjoy life are clear to those who call the capital home.

Sihanoukville faced significant challenges in recent years due to the 2019 ban on online gambling and the pandemic, which led to the abandonment of nearly 400 construction projects by foreign investors. However, recent developments suggest positive signs for the coastal city.Recently, Deputy Governor Long Dimanche of Preah Sihanouk province revealed that the stalled buildings in Sihanoukville have attracted the attention of both local and international investors. The comprehensive package aims to address the crisis caused by abandoned construction and instils investment confidence and market demand in the coastal cityAccording to the Preak Sihanouk administration, many of the unfinished buildings were originally planned for accommodations and offices. Those buildings could be repurposed once agreements are reached between developers and landowners. Interest from investors displays positive signs of solving the stalled construction in the city.In addition, to bolster the city's tourism industry, two world-class hotels are set to open in Sihanoukville in the fourth quarter of 2023. It was recently reported that the Preah Sihanouk Administration met with the General Manager of Sofitel Phnom Penh Phokeetra and the future General Manager of Novotel. The addition of two world-class hotels expressing interest in investing signals a positive outlook for the city's hospitality sector. Such renowned hotels are important for tourism in the city as they provide high-quality accommodations and services, attracting a diverse range of travellers. These hotels enhance the city's hospitality infrastructure and aim to elevate Sihanoukville as a desirable destination. Currently, Sihanoukville is experiencing improvement with the recent inauguration of the Sihanoukville Tourism Port, which is expected to have a significant impact on the city's tourism industry. The port will facilitate daily shuttle ferries to numerous islands, including renowned ones like Koh Rong and Koh Rong Sanloem, capable of accommodating up to 20 small and large tourist boats simultaneously. This facility will provide tourists with a convenient gateway to these islands, thereby attracting more visitors to the city.The completion of the Phnom Penh Sihanoukville Expressway has significantly improved accessibility for domestic tourists travelling from Phnom Penh to Sihanoukville. Reducing travel time from six to just 2.5 hours has made Sihanoukville a more appealing destination for weekend getaways and short vacations. During the first weekend of July, several provinces in Cambodia witnessed a substantial influx of visitors, with approximately 61,380 individuals visiting Preah Sihanouk province, as reported by the Ministry of Tourism.Despite the challenges posed by abandoned constructions left by foreign investors in the aftermath of the online gambling ban and the pandemic, Sihanoukville is displaying signs of recovery. The government's measures, coupled with the interest of local and international investors, promise to regain Sihanoukville its status as a sought-after destination on Cambodia's coastline.If you are interested to see properties in Sihanoukville, click belowClick Here

Retiring in Cambodia is a discussion point that has been ongoing for decades, but does the Kingdom remain an attractive option for retirees? We re-look at some of the key themes to consider a permanent move to Cambodia as a retiree and what improvements or challenges have arisen in recent years.Safety, Stability & AffordabilityThe Australia-based Institute for Economics and Peace’s annual study, measuring a nation’s state of peace across societal safety and security, the extent of ongoing domestic and international conflict, and the degree of militarisation, in 2023 ranked Cambodia as 13th out of 19 countries in the Asia-Pacific region and 73 out of 163 countries.These reports always need to be consumed with a pinch of salt, but overall Cambodia is a relatively safe place to live. Crimewise it is predominantly opportunistic theft, or traffic accidents that are the biggest cause of concern for anyone from overseas living in the Kingdom.As a democracy, Cambodia is very stable and the current government has been in power for decades with a succession plan in play over the coming year to ensure continuity and stability for the economic development of the Southeast Asian country.If you are a fan of these types of reports, International Living publishes annual lists of the best places to live or retire, and named Cambodia the cheapest place to retire in 2019 - the fourth year in a row. They also provide a breakdown of expected monthly costs for living in a city like Phnom Penh (which they estimate to be around USD 1,200 per month). Popular retiree destinations such as Siem Reap or Kep and Kampot would be significantly more affordable.In their 2021 edition of the International Living’s Annual Global Retirement Index, Cambodia was one of the most affordable destinations to retire with Executive Editor Jennifer Stevens saying: “While people consider a retirement overseas for lots of reasons: the adventure, the chance to explore a new place and maybe learn a new language, the travel opportunities, and so on — the idea of lowering their cost of living while improving their quality of life plays an outsized role for many.”Meanwhile, the World Happiness Report 2023 (a publication of the Sustainable Development Solutions Network using Gallup World Poll data) ranked Cambodia 112th.Medical Care & InsuranceRegardless, for peace of mind and for the benefit of friends and family abroad, when you arrive in Cambodia, you should check if your country has an embassy or consular services and check if you can register for any reason.Globally, most do not prepare for the unexpected but in case of a medical emergency death or incident, you should have made arrangements so that your loved ones are aware of what to do and who to contact. Too often large bills can be racked up as no prior arrangements have been made - You should ensure your family is aware of your rental/home situation and have local emergency contacts.We definitely encourage everyone to have health insurance and a package that includes medivac to more renowned hospital care in nearby countries for emergencies. Many policies sold to expatriates cover medical evacuation to Bangkok or Singapore, with limits ranging from $500,000 to $1,000,000.The level of hospital and medical care is constantly improving in the country and one of the real benefits are the excellent and abundant Pharmaceuticals which are available over the counter without a prescription, often at extremely competitive prices to what one would find in developed countries. Avoid The Bustle - Siem Reap, Kampot, and KepLiving outside of the capital, even though Phnom Penh does offer more amenities and better standards of healthcare and retail therapy, for example, choosing to retire elsewhere may offer retirees in Cambodia some perks including less expenses.There is a slower pace to live along the coastal towns of Kep and Kampot and in the northwest in Siem Reap. They still have a good number of expats as well as their key services needed. Siem Reap in particular with the access to the current airport and the new airport (due to be operational in late 2023) and the ongoing feasibility studies into a modern expressway linking the very popular tourist town to the capital and even by rail all make it a convenient choice.Regardless, if you are looking to retire in one of the more well-known cities, transportation is very easy with the range of ride-hailing apps which can be a tuk tuk, or air-conditioned car. Owning Or Renting Property In Cambodia As A RetireeFor investors and foreigners, the country has been seen as a rising tiger economy due to its rapid economic development and its pathway to being a middle-income economy in the coming years. You can ask just about anyone who has been here 5-10-15 years and they will tell you all aspects from construction, infrastructure, technology, banking, and shopping have all improved and will continue to do so.If you want to retire in Cambodia, you are allowed to own property as a foreigner but mainly limited to a condo. Even renting is very affordable depending on what you need to be happy but buying as an investment is a popular choice for expats. By 2022, the average cost of a property in Phnom Penh was approximately US $114,164. There are also options to become Cambodian citizens through investment (which means no more visa renewal and opens up the legal option to buy and own land). The 'Cambodia My 2nd Home’ program is relatively new but another avenue you could explore, as it allows foreigners looking to invest in Cambodia to apply for the new 10-year (so-called golden) visa if you meet the requirements. Visa - Retirement in CambodiaOne of the reasons Cambodia is a smart retirement option is the ease of obtaining and renewing visas compared to many other ASEAN nations. If living in the region is the goal, Cambodia has relevant few hurdles for the correct legal visa and at a very competitive price.Anyone looking to legally retire as a foreigner in the Kingdom of Cambodia must enter the country on an E-type (Ordinary) Visa (which costs USD $35 on arrival) and is valid for one month. Since the start of the year this visa can also be applied for and obtained online in advance for most nationalities - although a small number of nationalities may have to provide supporting documentation.Before the visa expires, for someone who is intending to retire in Cambodia (not working at all as this will be illegal), an ER (Retirement) EOS (Extension Of Stay) can be applied for and be renewed indefinitely on an annual basis. There are some other details to be aware of:If the applicant is under 55, proof of early retirement and non-salary funds will need to be shown - such as proof of retirement/pension or sufficient funds.If aged 55 years and above, retirees can obtain an ER (Retirement) EOS via a visa agent without the need to provide supporting documentation.So whether it's the change of scenery, affordability, ease of living and relative freedom and enjoyment of living in Southeast Asia and in Cambodia in particular, the improving healthcare, easy ease of securing a legal visa, and ongoing development of the Kingdom, could make it an ideal and realistic retirement destination.

Phnom Penh, often referred to as the "Pearl of Asia," has emerged as a sought-after destination for travellers seeking unique experiences. With a surge in global interest and a wave of new developments, this city seamlessly blends tradition with modernity, catering to both visitors and residents.Tourists flock to Phnom Penh to explore iconic landmarks such as the Independence Monument and the Riverside, immersing themselves in the local market for an authentic experience. However, the city's appeal as a must-visit destination in Southeast Asia is steadily growing, thanks to the emergence of award-winning hotels and exceptional rooftop bars that serve as top-notch entertainment venues. These exciting developments have positioned Phnom Penh as an increasingly attractive destination in Southeast Asia.According to a research report by Explore Worldwide, a UK adventure travel company, Phnom Penh ranks fifth on the list of preferred destinations for solo travel worldwide. Over the past two years, the search volume for Phnom Penh has skyrocketed by an impressive 500%, indicating its growing popularity among travellers. Moreover, Phnom Penh is renowned for its diverse districts that cater to different interests and preferences.(Photo credit: Explore Worldwide)One of the most popular areas is Riverside (Sisowath Quay), situated along the Tonle Sap River. This neighbourhood offers a range of accommodations and is known for its lively street life, particularly at night with the Phnom Penh night market. Tourists enjoy strolls and explore attractions like the Royal Palace, National Museum, Phnom Penh Post Office building, and Wat Phnom. Additionally, the Riverside area provides boat rides offering excellent views of Cambodia's skyline from the Tonle Sap River, with prices ranging from $3 to $5.BKK1 is another favoured district in Phnom Penh, renowned for its upscale community and an abundance of cafes, shops, shopping malls, and restaurants. Food enthusiasts can enjoy a wide range of international cuisine, while the location itself attracts foreigners and young locals. BKK1 is an ideal place for cafe hopping and exploring shopping centres like Aeon Mall Phnom Penh and Chip Mong Noromall. In addition, the Independence Monument, symbolising Cambodia's sovereignty and independence from French colonial rule, is also a must-see attraction while in BKK. For solo travellers seeking an exciting nightlife experience, Bassac Lane, also known as Phnom Penh's "Bar Street," is a must-visit destination. Located in the Bassac River District, this famous street is hidden in the city centre and offers a wide array of eateries, bars, and pubs. Travellers can enjoy craft beers, dining, live music performances, and the opportunity to socialise and meet new people.When it comes to shopping and immersing in the bustling local market scene, Phnom Penh's wet markets such as Russian Market, Central Market, Orussey, and BKK Market are the go-to places. They offer a wide variety of handicrafts, souvenirs, clothing, and authentic local street food. Navigating through their narrow alleys, bargaining with friendly vendors, and sampling local snacks will provide an unforgettable experience.Phnom Penh also boasts several modern entertainment venues worth visiting. The city's rooftop bars, offering breathtaking views of the skyline, have become popular choices for tourists seeking a memorable experience.One recent highlight in Phnom Penh's tourism industry is the recognition of the Rosewood Hotel located in Vattanac Capital. The readers of Travel + Leisure, one of the oldest international travel magazines, voted Rosewood Phnom Penh as the Best City Hotel in Asia. The hotel's exceptional facilities, prime location, outstanding service, gastronomy, and great value have contributed to its success. Rosewood Hotel, which is also home to the Sora Sky bar, offers a unique venue to enjoy the city from high above. Located on the 37th floor, its standout feature is the outside terrace, providing breathtaking views over the capital city. Another popular rooftop bar is the Lantern Rooftop Bar, situated atop the fabulous Baitong Hotel & Resort Phnom Penh, also located in BKK1. The bar's chic and charming atmosphere, contemporary lounge vibe, and comfortable seating arrangements create a perfect setting for enjoying craft cocktails and bites while overlooking the high-rise buildings.(Photo credit: Sora Facebook Page)Excitement is on the horizon as IHG Hotels & Resorts prepares to make an impressive addition to Phnom Penh's entertainment scene with the introduction of the prestigious Vignette Collection brand at Odom Tower. Situated on Norodom Boulevard, the hotel will occupy the top seven floors of Odom Tower, a 45-story office building. It will feature two remarkable restaurants and a breathtaking rooftop bar will provide a stunning setting to enjoy panoramic views of the cityscape. This sophisticated venue is destined to become a popular gathering spot, offering a stunning view of the city and becoming a favoured destination for both visitors and residents alike. Whether you are looking to buy or rent property in Phnom Penh, we have more than 40,000 listings on our website! Free Consultation Here

Realestate.com.kh is bringing back its massively popular Home & Lifestyle EXPO 2023. The event which is just one month away will be happening on the weekend of August 12 & 13, at Koh Pich Exhibition Centre.The Home & Lifestyle EXPO is part of Realestate.com.kh's annual events, offering attendees the opportunity to secure the best deals within the Cambodian market and also have the chance to engage with industry-leading banks, insurance providers, and real estate experts. The biggest names in property development across Cambodia will be on display including Borey Peng Huoth, OCIC, Orkide Development, Prince Real Estate Group, Morgan Group, RoseMarvel Property Development, Borey Dragon Land 598, Borey Bosba, Rose Apple Square, Odom, Bakong Village, Borey Chankiri, Leedon Heights, Le Condé BKK1, Creed Cambodia and many more. International developers and real estate companies will also be exhibiting at the event presenting opportunities to investors in Cyprus, Canada and the USA.Click here to register for express entry or inquire about being an exhibitor Win Big At The Home & Lifestyle EXPO 2023Apart from securing the best deals in real estate and other mid to high-end items, attendees will go into the draw to win some of the best prizes, including watches from Watch Empire, fine jewellery and more. During the two-day event, property developers and exhibitors will be providing exclusive incentives, freebies and more discounts and exclusive prizes to attendees and buyers attending the show. When, Where and What Time? The Home & Lifestyle EXPO 2023 will be held at the Koh Pich Exhibition Center. The EXPO 2023 will be held on August 12 & 13, Saturday and Sunday from 10:00 am until 8:00 pm both days. The Home & Lifestyle Expo 2023, Above and Beyond Properties & Services and Fun for the Whole FamilyLast year's expo proved to be an incredible gathering that attracted families and participants of all ages. Parents, children, and the elderly came together to spend a memorable day immersed in the world of real estate and lifestyle. “Last year’s event was our first since the pandemic, and was a huge success, beyond our and the exhibitors’ expectations. There are already 5,000 attendees registered to attend, and based on that we expect to break last year's record of 12,000 people.”“Ultimately, our goal is to give home buyers and investors an opportunity to get the best deals in real estate, cars and other items of the year. By adding attractions, kids' play areas, cars, an extensive food & beverage area and more it allows us to not only put on the biggest and best property expo but also to create an experience where people and families can have a great day out together. ” Mr. Tom O'Sullivan, CEO of Realestate.com.kh said.Click here to register for express entry or inquire about being an exhibitor A Series of Record-Breaking SuccessesThe most recent Real Estate EXPO held at the Premier Centre Sen Sok Phnom Penh in 2022 was a major success that broke the country’s biggest property sales event ever in Cambodia with a whopping more than $30 million in sales and attracted over 12,000 visitors. Cambodia’s Leading Boreys, Condos, Banks, Lifestyle & Corporate brands The who's who of Cambodia's property market and ancillary services are already onboard with more coming as the EXPO 2023 on August 12 & 13 draw closer.Major sponsors & key supporters include: IAAC Airport advertising, COGETEL (ONLINE), NHAM24, Legend Cinema, Wowee Advertising, Poma Media, Watch Empire, Provida Water, Cambodian Investment Management, B2B Cambodia, and Gold Zone Media.Exhibitors include: Borey Peng Huoth: The Eco Collection, The Star Polaris 23 Condominium, PH Grand Hall, Orkide Development: Orkide The Botanic City, Orkide The Pochentong, Orkide The Royal Condominium, Prince Real Estate Group: Prince Central Plaza, Prince Happiness Plaza, One Tropica, Morgan Group: Morgan Tower, Morgan EnMaison, Morgan Champs-Elysees, Overseas Cambodian Investment Corporation (OCIC), RoseMarvel Property Development: Mean Chey Residences, Urban Living Solutions: Rose Apple Square, Odom, Bakong Village, Urbanland: Borey Chankiri, Borey Dragon Land 598, MSQM ZTH: Leedon Heights, Le Condé BKK1, Residence H Sen Sok, Creed Cambodia, Borey Bosba, Chroy Changva Satellite City, Borey Heng Heang, Borey New Hope, Tourism City, Borey Mongkul, KH Land, ABA Bank, Canadia Bank, Shinhan Bank,  KB DAEHAN SPECIALIZED BANK, GAC Motor, ISUZU, Forthing, STMarket, ARISTO Developers, DeGrand Realty, Borey Mongkul, Upward Property, FazWaz Cambodia, Parc 21 Residence, eMedia Links, Simplex, Stronghold Trustee, Orkun Solutions, Hitachi Elevator, MOVE By LM CAR, DreamsTown and more.Media partners include: Khmer Times, B2B Cambodia, AmCham, Cambodia Investment Review, Property Area Asia, Gold Zone Media, The Cambodia China Times, Enjoy Cambodia, Business Cambodia, FreshNews, Koh Santepheap Daily, Kampuchea Thmey Daily, ThmeyThmey, CNC, BTV, PNN, Hang Meas, CTV, TVK, CTN, Jianhua daily.Click here to register for express entry or inquire about being an exhibitor The Home & Lifestyle EXPO is part of a series conceived by Realestate.com.kh’s founder Moek Chenda and the company’s CEO Thomas O’Sullivan with the vision of creating an event where buyers can secure some of the best deals in real estate. The event is completely free to attend, and apart from surveying the property market families can enjoy a great day out by visiting some of the attractions such as the latest in property technology, car test drive areas and kids entertainment zone.

In property acquisition, it is crucial to carefully assess the current market conditions to identify a favourable time for purchase. It is commonly known that property prices fluctuate based on the balance between supply and demand. While the Cambodian real estate market is currently displaying indications of oversupply, this situation may present advantages for certain buyers, considering the accompanying side effects it involves. In this article, we will explain why an oversupply of properties may have positive effects on potential buyers. Post-Covid Recovery Before the COVID-19 pandemic, the Cambodian real estate market witnessed a boom, resulting in the construction of residential and commercial units almost weekly. During this period, properties like villas and condos in Phnom Penh and Sihanoukville were in high demand and quickly sold out. This surge in sales can be partly attributed to the influx of Chinese investors and individuals looking to relocate to Cambodia. However, in the aftermath of the pandemic, there has been a decline in the number of Chinese nationals coming to Cambodia due to concerns about the safety of Southeast Asia and the real estate situation in mainland China. Consequently, several properties now on the market are available for acquisition.Tourism To Boost Real EstateAccording to a recent report from the Ministry of Tourism, several provinces in Cambodia experienced a significant number of visitors during the weekend of July 6 to July 9, 2023. Preah Sihanouk province drew approximately 61,380 individuals, while Battambang province welcomed 34,080 tourists. Phnom Penh received a total of 32,727 tourists, and Kampot province saw 28,137 visitors during the same period. Siem Reap province attracted 20,268 people, and Kandal province recorded 20,541 tourists. The recovery in the tourism industry after the COVID-19 pandemic is a positive sign that adds to the appeal of investing in property in CambodiaIn the first half of this year, Cambodia experienced a remarkable surge in international tourism, with 2.57 million visitors arriving in the country. This surge not only signifies a growing interest in travelling to Cambodia but also hints at a potential rise in future visits.As a result, it is crucial to acknowledge the increasing demand for commercial activities and accommodations to cater to these visitors. For those with financial means and a long-term investment goal, this offers a chance to enter the real estate market during a period of property availability.Oversupply Also Means a Wider Choice of PropertyThe oversupply of properties in Cambodia has had an impact on property prices, as developers are now driven to offer more affordable options to attract buyers. This situation has resulted in a reduction in property prices, creating an opportune moment for buyers to acquire properties with great prices. The increased affordability factor further enhances the attractiveness of investing in Cambodian real estate, particularly for those seeking long-term investments.Moreover, the oversupply of units in Cambodia has led to a wide array of choices for potential buyers. With numerous projects available on the market, individuals now have the opportunity to explore different options and select the unit that best suits their preferences, requirements, and budget. This abundance of choices empowers buyers to find a property that perfectly aligns with their specific needs, thereby enhancing their overall buying experience.Good Location For Good Investment When purchasing property, location is one of the most important factors to ensure its return on investment. Currently, Phnom Penh's central BKK area remains a highly desirable destination for visitors and expats seeking accommodation. This district, known for its urban development, offers many venues, restaurants, and attractions, appealing to tourists and residents. The area continuously improves, enhancing the overall experience for travellers and visitors alike. Currently, BKK, Chamkarmon, and their surrounding areas are the top choices for local buyers and investors, due to the ongoing success of developments delivering on capital appreciation and rental returns, even in a down market. Major developers to build residential and commercial projects. For example, Global Titan Stone Real Estate Development recently unveiled Picasso 2 in BKK, and ULS marked the beginning of construction for ODOM.As the current market is experiencing an oversupply of properties, it is important to note that research and look for reputable developers and seek advice from professional real estate agents and advisors.Cambodia's open economy makes it an appealing destination for individuals seeking to explore or invest in the kingdom. As visitors and investors keep coming, the oversupply of properties presents an opportunity for investors, and will gradually diminish, as the market leads to a more balanced market where supply and demand are more closely aligned. Therefore, those considering buying property in Cambodia should keep in mind that the current oversupply is likely to be a phase, and the long-term prospects for the real estate market remain promising. If you're a newcomer to property investment in Cambodia or eager to make an informed decision, reach out to our real estate specialist today for a consultation on the Cambodian property market. At Realestate.com.kh, we offer current insights and help customers find their dream properties every day.Looking for a property in Phnom Penh today! Contact our real estate experts to explore the best options that suit your needs and budget via our concierge servicesFree Consultation Here

At the start of the year, we tried to share some insights into the key economic and infrastructure development projects in Cambodia which had and have a real chance of igniting the long-term economic growth as the nation puts the pandemic in its rearview mirror. We are now beyond the halfway point of 2023 so we have revisited these projects and their progress as well as identified newly announced projects in the first half of 2023.Cambodian Trade and Economic GrowthThe Asian Development Bank and National Bank of Cambodia (NBC) both now forecasts that Cambodia’s gross domestic product (GDP) will grow by 5.5 per cent in 2023, which could place the country among the top three performers in terms of GDP growth in Southeast Asia. Even the cynics are optimistic about stronger performances from 2023-2024 with 6.6 per cent GDP growth predicted by the Ministry of Economy and Finance.Coming into 2023 the hopes for economic trade growth were probably largely pinned on Regional Comprehensive Economic Partnership (RCEP). In the first four months of 2023, Cambodian exports to RCEP countries did rise by 16 per cent. The Cambodia-Korea Free Trade Agreement (CKFTA) also came into effect in December 2022 and the addition of new FTAs (Free Trade Agreements) and with the important signing of the comprehensive economic partnership agreement (CEPA) with UAE, Cambodia is planting the right seeds for the future.This has been buoyed by clearer government-led strategic plans on logistics and modernising all logistics routes (land, sea, and air) with investments both local and foreign to try and transform the Kingdom to be a competitive trade and logistics hub.Cambodia’s economy is still reliant on the export of garments, tourism, agriculture and real estate and construction.The Cambodia Securities Exchange (CSX) is growing albeit slowly but H.E. Hong Sok Hour (CEO of the Cambodia Securities Exchange) is confident and with their aims this year to list more firms, double daily trading volumes to $1 million and triple the number of registered trading accounts to 15,000, Hour said that the average trading account is expected to increase by the end of 2023.The global fears of recession and inflation (throw in the ongoing Ukraine conflict, the energy crisis in Europe, and what has to date been an underwhelming Chinese economic recovery) have all dampened growth but Cambodia remains well-placed to see one of the fastest GDP recoveries.Cambodian Airport Developments & Rebounding Tourism & FlightsThong Khon, Cambodian Minister of Tourism (MoT) expects the Kingdom to attract 4.5 million international tourists in 2023 and is hopeful that this figure will reach over seven million tourists by 2025-2026. The official figure for visiting international tourists for the first half of 2023 was 2.57 million, the MoT confirmed. This period does include the SEA Games & ASEAN Para Games which helped spike inbound tourism numbers, nevertheless, the Kingdom is still on track to reach the MoT expectations. These goals are also only possible by the renewal of affordable and frequent flights, and to date, more flights have been announced with several international airlines scheduling the return of routes in the second half of the year too. So far in 2023, approximately 910,000 foreign tourists visited Cambodia by air, 1.63 million by land, and 30,000 by waterways.Announced in 2022, the launch of Air Asia Cambodia operations is apparently still on track for the backend of 2023 while multiple new flight routes are under constant discussion with key destinations such as India, Japan, the Gulf and elsewhere.In terms of the progress of the multiple new Cambodia airports under development, this is the latest by July 2023:Techo Takhmao International Airport - Construction is underway and the first phase is targeted to be operational by March 2025.(New) Rail Link to new Phnom Penh Airport - The Minister of Public Works and Transport (MPWT) announced in July 2023 that they are exploring an underground light rail transit to connect the airport to the southern part of the capital.Angkor Siem Reap International Airport - Due to be operational before the end of the year, a provisional official inauguration date was set for October 2023. The airport was 98 per cent complete by the end of June 2023.Koh Rong International Ecotourism Airport - Announced at the start of 2023 there has been hardly any news since.Dara Sakor International Airport - Delayed in 2022 and delayed again in 2023, the latest news in June suggested the developers had not completed construction to meet standards of aviation safety, according to the State Secretariat of Civil Aviation.A Resurgent Sihanoukville?Coming into the year, there still seemed to be some scepticism about how the coastal Cambodian city could be rejuvenated and the plans were still in development for transforming the Preah Sihanouk province into a model multi-purpose special economic zone. This is intended to form a key cog of the roadmap to develop the area into as part of the National Industrial Development Policy 2015-2025.Although the exact roadmap is not crystal clear, projects such as the Bay of Lights by Canopy Sands Development (which was also showcased in the Middle East this year), and the announcement of plans to tackle the unfinished buildings were laid out in 2023 - but if successful, the project will take several years to complete.2023 Cambodian Infrastructure Projects SnapshotThe ongoing infrastructure investments from the Cambian government in addition to private-public investments are one of the main reasons there is an optimistic mood for the future.Koh Pich-Koh Norea bridge - Construction has reached 85 per cent and the bridge is expected to be completed in November 2023 (Updated in July 2023).Korea-Cambodia Friendship Bridge - Final assessments were completed in 2022 and the expectation was for the construction to start in the second half of 2023 but there has been no official update for many months.Phnom Penh-Bavet Expressway - Construction officially got underway on June 7th 2023 and the second groundbreaking freeway won't be completed until 2027.Phnom Penh-Siem Reap Expressway - A feasibility study is underway, due to be completed in 2023.Phnom Penh-Poipet Express Railway - Study completed to increase the speed to approximately 160 km per hour.Phnom Penh to Preah Sihanouk Railway - Study is underway to upgrade this line.Kampot International Tourism Port - Although reported as completed in 2022, by July 2023 there is still a need to deepen the port’s waterway before it can be operational.Kampot International Port & Logistics Centre - Construction got underway in 2022 and the port’s first phase operations are due in 2025.Funan Techo Canal - Rumoured at the start of 2023 and finally confirmed with its name, this is a game changer for interconnectivity or the transportation of goods and to decrease costs. Launched in 2023 and not due to be completed by 2027.Sihanoukville Autonomous Port (PAS) - Long delayed but the Japanese-financed Sihanoukville container terminal expansion got underway in May 2023.Koh Kong Province’s International Seaport - due to be launched in the second half of 2023.Real Estate in Cambodia OutlookThe year has been challenging but there are green shoots for the property and construction sector. There is a sentiment that buyers and interested investors are being spread across more countries, and we think diversification is great.In June 2023, the Ministry of Land Management, Urban Planning and Construction reported that Cambodia's construction sector attracted investment worth USD $2.27 billion in the first five months of 2023, a year-on-year increase of 138 per cent. The retail and commercial property sectors are under some pressure, as are condos due to the impressions of oversupply. However, the key investment traits of anticipated growth due to the country's young population and increasing urbanisation, and the positive view of Cambodia as an investment destination continue to provide optimism for the long-term.

The inauguration of the Sihanoukville Tourism Port is expected to have a positive impact on the tourism industry in the coastal city. The port, officially launched on 6th July, can accommodate up to 20 small and large tourist boats simultaneously. Covering an expansive area of approximately 22,000 square meters, the port has been granted investment rights to GTVC Import Export, which also provides daily shuttle ferries from Sihanoukville to various beaches in the area. This spacious facility offers tourists a convenient gateway to popular islands Koh Rong and Koh Rong Sanloem.The increase in tourism could potentially stimulate the real estate sector as developers seize opportunities to construct hotels, resorts, and other accommodation options to cater to the growing number of visitors. Furthermore, the rise in tourist arrivals is expected to drive the growth of commercial activities, including new cafes, restaurants, souvenir shops, and other retail establishments that cater to the expanding tourist market.A significant factor contributing to the anticipated growth in tourist numbers is the completion of the expressway to Sihanoukville in October 2022. The newly constructed expressway has considerably reduced travel time by half. Previously, visitors had to endure an approximate five to six hours journey, but now, with improved connectivity, tourists can reach the city faster and more conveniently. The expressway not only enhances accessibility for domestic and international travellers but also establishes a more efficient transportation infrastructure for the region.With improved connectivity provided by the expressway last year, Sihanoukville is poised to become a prominent tourist destination and transform into a tourism hub. The city's potential for growth is substantial, presenting an opportunity for investors and entrepreneurs to capitalise on the increasing demand.If you are interested to see properties in Sihanoukville, click belowClick Here

A groundbreaking ceremony was recently held to mark the commencement of a noteworthy construction and development project in Daun Penh. The project, by EDCPO (Cambodia), a local developer, involves the establishment of an underground car park, shopping mall, restaurant, and various other services within a public park near the old market in Wat Phnom. The government has approved the investment in this mixed-use commercial within the Daun Penh district.The primary objective is to address the issue of limited public parking spaces in the city while simultaneously creating new avenues for business growth. The approved plan encompasses the construction of a four-story building spanning an impressive area of 33,120 square meters. Two of these floors will be thoughtfully designated for parking, providing ample room to accommodate 516 vehicles, while the remaining two floors will be occupied by a supermarket and restaurants.Daun Penh has emerged as a prominent junction and a thriving residential-commercial hub at the heart of Phnom Penh. The district experiences a constant stream of traffic encompassing diverse sectors such as banking, finance, modern trade services, warehousing, product distribution, and multi-faceted trading. These dynamic activities have contributed to the city's overall liveliness. Consequently, the construction of public parking facilities, along with complementary commercial development, is deemed a favourable solution for mitigating traffic congestion and supporting Phnom Penh's growth.Overall, this project is set to contribute significantly to the growth and development of the Daun Penh district, further establishing it as a commercial and residential hub within Phnom Penh.  If you are interested to see properties in Daun Penh, click here  Click Here