Enchan Sreyleak, the Sales Consultant of Yong Yap Property, talked to Realestate.com.kh about how to open a bank account in Cambodia, on Realestate.com.khTV.What are the requirements to open a bank account in Cambodia? Cambodian citizens are required to present an ID card or a passport to the bank. Initial deposits vary between different banks. Some require an initial deposit of $100 to $500. Some banks require an initial deposit of $10 to $500. It’s a bit different for foreigners. Foreigners are required to present a passport, a visa that’s still valid for six months, or a job contract. These requirements also vary between banks. Initial deposit that are required by banks can range anywhere from $10 to $500.How about an ATM card?It’s good to use an ATM card, but you will be charged a monthly fee. You are also supposed to actively use your ATM card. If  you don’t use it within a given time period, you will be charged an extra fee if you want to use it again. Find out more about Banks in Cambodia on Realestate.com.kh

Enchan Sreyleak, Sales Consultant of Yong Yap Property, talked to Realestate.com.kh about how to set up an internet connection in Cambodia, on Realestate.com.khTV.How to set up an Internet Connection in Cambodia: What are requirements to set up your internet?There are many options and many internet service providers in Cambodia. Most of these companies have the same requirements for foreigners or Khmer nationals. To set up your internet, you’re required to present an ID card or a passport with visa.How to set up an Internet Connection in Cambodia: What’s the process of setting up an an internet connection in Cambodia?Once you know which company you want to avail the services from, you can give them a call. You then need to go to the company and fill up a document. But it’s also possible to call them to go to your home as well to fill up the form if you’re unable to go there directly.How to set up an Internet Connection in Cambodia: What about the payment responsibilities?You’re required to make a deposit. Some companies will charge $35 up to $150. It takes around three days to a week in order to complete the process of setting up. Fees start with a minimum of $12 and a maximum of $150 a month. The faster the speed, the higher you need to spend.Check out Yong Yap Properties listings and services on Realestate.com.kh

Collaborations can be powerful tools for social change. Axis Residences recognized this potential and partnered with both the CIA First International School and Cambodia Care Centre in order to fulfill a collective calling towards social responsibility.Creativity with Purpose:The collaboration called upon the utilization of talent, skills, and passion of students from the CIA First International School to create meaningful art pieces for Axis Residences’ theme of going green. This is also in line with the company’s vision and campaign of the company to do more environment-friendly developments. It was also a means to educate and inspire the newer generation to take care of the earth.The top ten – out of around a thousand – artworks were chosen via online voting to be included in the auction organized by the developers and the school last November 5th of 2016.The auction was attended by students, school officials, executives of the Axis Residences, and a few other special guests including Guest of Honor Oknha Tay Heang Ly. There was also a special presentation by the children from the Cambodia Care Centre. The top prize winner also got a 3D2N trip to Singapore.Creativity for a Cause:This initiative by The Axis Residences was also for the benefit of the Cambodia Care Centre. The Cambodia Care Centre is a non profit Christian organization that was started in May 2011. It aims to positively affect the less-privileged youth and break them out of the bondage of poverty through the provision of basic education. It has been part of several community outreaches, feeding programs, sports activities and health programs. 100% of the proceeds garnered from the auction went towards programs underway by the organization. On top of this, Axis Residences also donated 10 tonnes of rice to the poor and needy of Khan Sen Sok district during the water festival period.Creativity at the Core:Axis Residences is being developed by Spring CJW Development Pte. Ltd. This developer is not a stranger to the concept of creativity. They list it as one of their company values along with timeliness and worthiness. The Axis Residences follows that ideology. It has a contemporary design that uses both modern and eco-friendly features for an elegant and quality finish. The developers have described this project as an “oasis of tranquility” and being an Eden-like haven amidst the busy city life surrounding it.Learn more about the Axis Residences project today!

Given that many local population’s lack the initial capital to invest in new homes, albeit condo, borey or other, home loans are underpinning the market currently.The IMF have stated recently that buyers across the Cambodian market are taking on more and more credit to buy property, and this is increasing year on year. In fact, the IMF state that loan-to-value ratios have risen to 70-80% in 2016.Owners that have leveraged finance in order to buy properties are generally the first sellers after the market has reached its peak, accentuating risks of a “bubble” bursting in the market.This situation can be amplified when interest rates on those mortgages rise, and rental yields for the completed property drop below prior expectations. Mortgagees reselling their condo units can then add the oversupply, creating a dangerous snowball effect for the market. As debt levels continue to rise, the risks of an eventual credit crash are becoming more of a concern in Cambodia.When credit loans increase, the credit in the market increases, then there’s a cash flow for the citizens and the economy. It is good for citizens when they place this cash into targeted businesses by creating a business with a clear plan. It’s also useful for business expansion, etc. These activities create more jobs for people.Yet there are downsides…Hoem Seiha, of VTrust noted that another credit risk is growing in the 2016 market as developers take financing into their own hands in efforts to stimulate sales growth in the lower end of the market, and particularly the domestic market: “For the recent market stimulus, developers have now offered another very flexible option for home and plot land buyers by applying a zero down payment scheme to drive their sales, and, in the short run, the practice looks good and helpful for the overall market. Yet, while banks are very careful when releasing mortgage loans to buyers, most developers have not conducted enough due diligence on their clients before releasing installment contracts, to avoid future defaults. If not well managed, this could, in the medium-to-long term, create over-indebtedness among unqualified buyers and therefore potentially lead to a mortgage crash. Regulators should study this seriously.”Another potential risk for the Cambodia finance market is the 2018 general election.During election periods in Cambodia there have been a tradition of “capital flight,” whereby multinational companies, dual citizens and affluent locals remove their capital from Cambodian banks, and instead store their wealth offshore. This is seen as a safeguard during times of political uncertainty. Given the correlation between the upcoming election, and the completion and release of a larger proportion of the incoming condo supply, these two factors may amplify the effects of each.Mey Kalyan, senior advisor to the Supreme National Economic Council, noted that general credit across the Kingdom has increased around 30%. The Supreme National Economic Council are aware of the risks this raises, especially in the real estate market. As according to a recent report from the Phnom Penh Post, Mey Kaylan says that, “credit is like fat in our body. We need the fat to function, but we also don’t need too much of it.”In light of these concerns, the IMF have stressed the need for Cambodia lenders to place higher capital requirements on any real estate financing, weigh risks for banks in regards to real estate lending, and ensure that property developers are “under strict regulatory and supervisory control”.Yin Leangkong – editor in chief of the magazine Property View, and presenter and editor of real estate and economics at BTV - notes in a recent interview that, “loan providing institutions should keep lending to people, but there should be a limitation and conditional loans must be specific and clear. When providing loan to people, you have to make sure it will contribute to help for a better standard of living for the customers. For a home loan, it may be suitable with the middle-class bracket. A term loan will provide both affordable standard of living to people. It also profits banks or microfinance institutions.”These recommendations appear to be having an influence in the market as we enter the second half of 2016. Regulatory control of developers has seen a rise in recent months, as policy makers continue to clarify and develop licensing procedures from new development projects. Meanwhile, private lending institutions appear to be tightening lending on real estate, especially off-plan properties.Check out what 5 industry experts have to say about the state of the Cambodia real estate market!

The Cambodia Construction Industry Expo and Summit 2016 is less than a month away and Realestate.com.kh is proud to be official media partner for the event.  Industry professionals from all over the world will gather to plan, discuss, learn, and connect with each other. The event will be joined by construction, financial, architectural, and insurance firms who wish to showcase evolving technologies and services in the field.They said event is strongly supported by different institutions such as the Ministry of Land Management Urban Planning and Construction, Ministry of Labor and Vocational Training, Ministry of Commerce, Board of Engineers Cambodia, Board of Architects Cambodia, the ASEAN Constructors Federation, the International Federation of Asian & Western Pacific Constructors’ Association, and the China-ASEAN Building Material Industry Cooperation.Activities:The Cambodia Construction Industry Summit will feature reports and speeches from esteemed guests such as CCA Chairman Neak Oknha Pung Kheav Se; Chairman of the ASEAN Constructors Federation, Mr. Nattaphorn Bhromsuthi; President OF China-asean Business council, Mr. Xu Ningning, Representative of Neak Oknha Mong Reththy, Phd. Tan Monivann; Vice President of the International Federation of Asian & Western Pacific Constructors’ Association, Mr. Datuk Matthew Tee; Governor of the Phnom Penh Municipality, His Excellency Pa Socheatevong; and the Senior Minister of the ministry of Land Management Urban Planning and Construction, His Excellency Chea Sophara.The Summit will also accommodate reviews and suggestions from delegates that may be passed on to government to improve the industry.The Expo will feature presentations by representatives from companies like the Overseas Cambodian Investment Corporation, Tem Trading M & E Product Co. Ltd., UC Design Build Co. Ltd., KHI Brand, Meng Leng Eav Co. Ltd., Smart Dragons Group Co. Ltd., Camcona Trading (Cambodia) Co. Ltd., CCW Co. Ltd., and Omura Concrete Co. Ltd.And of course, Realestate.com.kh will have a prime booth at this years Cambodia Construction Industry Expo and Summit event! We will be giving away our latest magazine and showing off our latest Virtual Reality Tour products, perfect for making your property listings stand out from the rest!Who’s Invited to the Cambodia Construction Industry Expo and Summit?Cambodia Construction Industry Expo and Summit 2016 will include participants such as property developers, investors, contractors, designers, managers, purchasers, engineers, architects, distributors, and students. The organizers also encourage construction material, water, and plumbing suppliers to exhibit their products and services at the expo. Property Developers, real estate agents, brokers, banks, financial institutions, architects, interior designers, insurance companies, and engineers may also exhibit at the event.The event will take place at Diamond Island in Phnom Penh on December 1 to December 3.Find out more and sign up today!

Home and business security is highly important for residential and business owners in Cambodia. Ms. Sim Kaliyan, the general manager of Global Security Solutions (GSS), recently joined Realestate.com.kh to talk about professional home and business security. There are 2 types of solutions that deal with predictable risks and security precautions in Cambodia, according to her. One is suited to a smaller budget - the other is more comprehensive, but also more expensive.1.  Cheaper Home Security Solution for those on a Tight Budget:Ms. Kaliyan cited that normal middle class families or small businesses can choose this solution. She mentioned some major points to check out:Door, Fence, Key and Window:You must check whether the door of the house and other entry points are secure or not. There should at least be a fence to keep the inside of the property safe. You can use long broken bottles placed on the fence to strengthen it. And it's best to use double steel bars if you have a bit more money and want a better defense. This action will also prevent the fence from being stolen.Steel Bars:You also need to thoroughly inspect all aspects of the outer doors, the lock quality, and the bars of the windows and doors to ensure your home’s safety. Kalyan warns about a possible fire though. It is important to enforce the windows, but it is also important to ensure that you have a backup exit point to yourself in case a fire breaks out. You want to keep people out of your house - but you don’t want to trap you and your family inside in the case of an emergency.Use Motion Sensor Lights:You can also use motion sensor lights that activate when they detect movement outside of the house. You can place these at the entrance, the exits, and on the fence.Other Affordable Home Security Solutions:Kaliyan explains that there are other options to secure your house such as building secret passages. She also introduced ideas like placing a cardboard image of a person close to the windows, leaving your lights on while you’re not home, using a pillow to give the illusion of people sleeping, placing objects that will sound when drawers or desks are being moved, asking for the assistance of neighbors, and not letting people know when you bring home a valuable or expensive product.2. More-Expensive Home Security solutions:Kaliyan said that whatever solution is chosen, what matters most are the “external monitoring and internal monitoring”. But there are more convenient solutions for those with more resources.  These home security solutions include:Electronic Entrance and Fence:You can install electrical wires on your fence in addition to steel bars so that anyone who attempts to touch it will get shocked.Use Light Motion Sensor:You can use “light motion sensors” to protect your home round the clock. However, you need to do a perimeter check to find potential areas where burglars can pass through such as trees.Hiring Home Security Guards and  Installing a Security Camera:You can hire security guards from an agency for your home and build a central monitoring station in the compound. They can keep watch of the camera feed and inspect the house. In case someone jumped your fence and tried to enter, they can take action immediately.Intrusion alarm:Intrusion alarms are also called sirens. In case someone climbs or jumps your fence, the device will ring and alert people nearby.Magnetic Door Contact or Magnetic Door Break:You can install a “magnetic door contact” or “magnetic door break” on both doors and windows of your house. When someone attempts to break in using the door or window, it will signal your smartphone. Other similar alarms include motion sensors and photo beam protectors.Safe Control:For those who have a lot of money, it’s not necessary to use locks. Using “Safe Control” may be the best option because it requires you to either use a card or fingerprint to open.Beware of Dogs:Whether you choose the cheaper option or the more expensive one, you can always hang a sign that says “beware of dogs”. This will give you good results.Learn more about Home Security Solutions on Realestate.com.kh

You have our deepest gratitude for supporting the launch party of the second edition of the Cambodia Real Estate Magazine on the 22nd of October at EPIC club of Phnom Penh!The Event & Magazine by the Numbers:The Cambodia Real Estate magazine party was a roaring success which was experienced by over 650 guests from over 274 leading local and international companies. Including 51 real estate agencies, 37 property developers, 21 banks and finance companies, 16 news and media platforms, 60 architect, construction and related businesses, 7 law firms, and 14 chambers, embassy and ministry related bodies! Making up the huge crowd were 112 General and Senior Managers, 30 CEO’s, 33 Directors, 126 real estate agents, 23 founders, 345 general employees, and 2 excellencies - including our esteemed Guest of Honour: H.E. Mr. Mey Vann, Director General of Financial Industry at the Ministry of Economy and Finance. The party was made possible by 8 very supportive sponsors: Imperial Crown, Ford, The Piano Shop, Cellcard, Kilat Events, E-Design Photography, Image Printing and, our lucky draw sponsor, BOSE. We are extremely proud to have increased our print run for the October edition of the magazine to over 15,000 copies, which are available FOR FREE at over 800 highly targeted and relevant pick up points countrywide. Pickup points include leading developer showrooms, real estate agencies, business lounges, business centers, chambers of commerce, embassies, cafes, restaurants and more! Online distribution of the magazine - through our website, email database and social media platforms - reaches over 100,000+ local and international readers.The Event in pictures:Check out the full photo album for the event. Please like and share!Cambodia Real Estate Volume III – Secure your spot before it’s too late!We are excited to announce that the third edition of The Cambodia Real Estate Magazine is due for release in January 2017. The content for the next magazine is already progressing rapidly and our existing advertising partners are continuing their support for Issue 3.If you would like to advertise in Issue 3 we strongly recommend booking your spot now as we already have limited availability for ad and advertorial space. Please call or email Jonathan Baxter at jonathan.baxter@realestate.com.kh or on +855 (0) 10 561 502Once again, thank you everyone for the support! And we look forward to hosting you all at the next Realestate.com.kh party in January 2017 - sure to be another event not to be missed...Event sponsorship opportunities for the next party in January 2017 are also available - but likewise filling up fast. If you are interested to sponsor our next event and promote your brand in front of the elite of the Cambodian real estate industry please call or email Jonathan Baxter at jonathan.baxter@realestate.com.kh or on +855 (0) 10 561 502Click here to download your free copy!

Selling your home takes a bit of thought process and energy sometimes. And one of the questions that frequently pops up is whether or not you should stick with one real estate agent - or list your property through multiple agents. This is especially true when you’re looking to sell your property fast for whatever reason.Both have clear advantages and disadvantages that sellers may want to consider first before deciding.Listing with Multiple Agents:If you want to make a quick sale, listing your property with multiple agents would seem like a logical choice. There’s a good reason for that. You get more exposure. These professionals can utilize different avenues such as the newspapers, real estate publications, and the internet to spread awareness for your property. More exposure means a gathered interest from a larger audience.This option also means more information about the property is released. Buyers can get to know your property better. Agents today are now also utilizing modern tools and techniques to target potential buyers better.The downside to using multiple agents though is that you’re working with a range of people and various sales strategies that are often times totally different from each other. This also entails that there are different degrees of understanding as to what type of buyers are qualified for the sale. There are self-professed private agents out there who will do anything to close a deal.Hiring multiple agents also means that negotiations will be done in isolation. The ones competing won’t be the buyers but the actual agents. This hurts your cause because you might find out too late that someone else may have made a higher offer.Listing with an Exclusive Agent:The thing about listing with an exclusive real estate agent is that their sales strategy – if it’s the right strategy – can save you a whole lot of time and effort. It focuses in on making sure that you get a good deal without demanding too much. This also offers the agent more flexibility to adjust their strategy based on your needs and on buyer feedback.You can hire a professional that specializes in your kind of property too. It is important to note that one effective person can outdo a hundred ineffective ones. Make sure you choose your agent wisely.Having an exclusive real estate agent also makes it easier for the buyer. Buyers would rather think about their personal needs more than they think about which agent they should contact. Keeping everything singular eliminates any possibility of confusion and makes it more convenient for buyers to make an offer.Exclusive agents also sometimes package property management services into the mix as a form of incentive. This is something you won’t get from multiple agents.The downside to this is that information about your property is limited to the stream of influence your agent has. Your reach is much more contained. There is also the risk of running into “commission cowboys”. These are self-professed private agents who will do anything to make a sale. This doesn’t always get you the best buyers.Remember that you will also play a big role in the process no matter what option you choose. What system you think will work best for you and how much effort you’re willing to put into the process is entirely up to you.  Choose wisely.Find Cambodia’s best real estate agents on Realestate.com.kh!

This article was originally featured on B2b Cambodia, one of the leading guides to doing business in CambodiaRealestate.com.kh celebrated its seventh anniversary of operations in the Kingdom in February this year—a landmark for both the company’s founders and the fast-growing Cambodian e-commerce sector. As the first mover in the online classified space for real estate in Cambodia—a market worth billions worldwide—Realestate.com.kh positions itself as a digital marketing partner for the leading real estate agencies, property developers and money lenders in Cambodia, essentially catching traffic from google searches and converting this traffic flow into direct sales, rental and home loan leads for its customers.Realestate.com.kh’s parent company, Digital Classifieds Group (DCG), is based in Australia with classifieds websites across three Asia Pacific markets. The group announced last monththe addition to its board of directors of Tim White, founder and ex-CEO of leading Australian real estate portal, www.allhomes.com.au; a website that White recently sold to Fairfax Media for over $54 million.With the appointment of a such an experienced partner, and sustained growth across all its active markets, DCG looks set to continue to expand its presence in Cambodia and across Southeast Asia.DCG’s entry into the Cambodian market and the rise of Realestate.com.kh is also a local success story for the website’s founder and majority shareholder, Cambodian national Moek Chenda.Chenda comes from an IT background, and was involved in the early creation and installment of IT systems for the Phnom Penh International Airport around 10 years ago. He also spent a large part of his early career developing and implementing CRM and website systems for local real estate agencies.Chenda launched Realestate.com.kh in 2009, using just one of the prime domain names he had purchased five years prior on the advice of a foreign colleague he had worked alongside during the airport project. In its early years, the website was solely managed by Chenda, with more and more local real estate vendors slowly but surely beginning to use his service.“When I was first building the website, my wife used to always bother me for wasting my time on it. She didn’t believe I could ever make money from it. She didn’t believe that websites made money, full stop,” recalled Chenda.“And it’s true. Before the market didn’t believe that a website could produce quality sales leads for their agency or project either. Many didn’t understand the value of SEO and the internet, that is, outside of basic Facebook marketing.”The business took off on all new legs in early 2015 when Chenda entered into a joint venture agreement with DCG, with the website appointing Australian expatriate Tom O’Sullivan, as CEO.“When I met Tom, I could immediately tell that these guys had the passion and the know-how to grow my business quickly, and I immediately trusted them,” said Chenda.O’Sullivan admitted to feeling he had just stumbled across the ideal partner without really trying. “We saw that the domain www.Realestate.com.kh was active, and had been for some time, so we reached out to meet the owner. When we met Chenda, it was clear he was the right choice as a local partner.”“He knows his trade inside out, and his connections within the industries, both IT and real estate, have proven invaluable,” added O’Sullivan. “Furthermore, he’s just a great guy to work and spend time with.”With the expertise and capital investment brought by DCG, Chenda’s website transformed dramatically in terms of user traffic growth and user experience. This led to a sharp increase in generated leads and in the portal’s clientele base.Click here to download your free copy!

Home and business security is of high importance for residential or business owners in Cambodia. Taking precaution for protection and crime prevention requires attention from the right providers in order to ensure that every property of yours is confidently secured.Ms. Sim Kalyan, the general manager of Global Security Solutions (GSS), joined Realestate.com.kh to talk about professtional home and business security. There are generally a few guidelines that deal with predictable risks and precautions for home security in Cambodia.What are the risks concerning home security in Cambodia, and business security?Kalyan says that most of the problems that home and business owners experience are theft, burglary, armed robbery, kidnapping, and fires. She explains that the armed robbers focus on the entrance of the house or areas near the house, while kidnapping could happen at home or elsewhere in order to get a ransom. These can cause injures or can even be deadly.How do you protect your home or business?Kalyan cited that the best solution for these risks is to find a professional private security company to help monitor the residential and business areas. These companies will then provide methods to protect your property. Another solution is to contact the police because they are trained specifically in the field of security and protection.Kalyan also provided two main key points which you can personally check:External Monitoring:Kalyan explained that external monitoring refers to the external aspects of housing such as location – whether it’s an unsafe area, there are reports of robberies, or there are pickpocket boys around. We can also inspect whether or not there are lights on the road. Another factor to check is whether or not the fence is strong enough or high enough.In terms of the home itself, she said that we must inspect the strength of the doors and windows on all levels. She also cautions to be careful with the veranda area.Internal Monitoring:Kalyan said internal monitoring means paying attention to people in the home such as helpers and drivers. This means a clear and thorough review of their backgrounds. We need to be clear who they are or what they are about before allowing them to live in the house. You should even be aware of people like postmen or cable fixers.Another thing Kalyan mentioned is that you need to have is a list of emergency contact numbers. It should be posted on the wall or somewhere where it’s convenient to find.Read more about home security in Cambodia tips on Realestate.com.kh!Click here to download your free copy!

People have been focusing on an affordable housing project by Worldbridge Land. The company’s CEO, Oknha Sear Rithy, says this project is located about 17 kilometer from Phnom Penh. The Worldbridge Land Company will invest around $100 million. Construction will start early 2017 and will take approximately two years to complete. The Worldbridge Land Company just recently officially presented its master plan. The project will occupy a total land area of 202,000 square meters where 107,008 square meters of the land will be used to develop residential units and 76,004 square meters will be dedicated to the development of the roads and garden. It’s possible for low to low-middle income earners to afford this housing project. It costs only $25,000 to $30,000. A recent AKP Report states that some local and Australian investors are planning another affordable housing project for lower-middle and middle class citizens. It will cost $25 million. This project will be located in Khan Porsenchey and Khan Dangkor, Phnom Penh. There is no clear statement about when construction will begin.This upcoming project will have three types of house designs – Khmer style house prices will start at $20,000, Khmer-Australian style houses will start from $25,000, and the Khmer-French style houses will start from $30,000.This will be more convenient for customers. The payment scheme will be a monthly installment at $100. This project will take 18 months to complete.Keep track the new development news on Realestate.com.kh!

Being away from home in Cambodia can be a frustrating feeling for some people. And worthwhile accommodations have been helping them feel a little less unsettled. Some people like extravagant rooms, some people want a variety of amenities, some people want a view of the city, and some just want a view of their surroundings.But Angelina Jolie likes to stay in places where she can immerse herself in the culture. That’s why choosing Phum Baitang by Zannier Hotels was an easy choice for her home in Cambodia.How It All Started:It was in one of Jolie’s numerous flights that she came across Phum Baitang on a magazine. It was perfect timing because she was then about to work on the Netflix movie “First They Killed My Father” at Battambang. She decided to make an arrangement for her and her family who stayed there for three to four months. She and her kids fell in love with the luxury resort instantly.Arnaud Zannier, founder of Zannier Hotels, recalled that at one point, Shiloh – one of Jolie’s children – set up a tent in the garden. Meanwhile, Jolie said that Phum Baitang is “where the best of Cambodia is shared with those who are looking to enjoy peace, tranquility and the uniqueness of the country.”Zannier says Jolie “loves the fact that the resort is very authentic, very simple, very emotional. We have tried to transport the real Cambodia within the walls of the hotel.”What the Hotel’s About:Phum Baitang Hotel is located in Siem Reap and is sort of a green village. There are a lot of authentic factors about this 5-star resort that make it stand out. But one of the rare things that Angelina Jolie fell in love with is the paddy field. It comes complete with farmers too.  More than that, the resort is an eight-acre property filled with greenery and natural elements such as stones and wood. It has 45 villas in total with authentic Cambodian architecture and designs. 25 of these villas have private terraces and the other twenty have private plunge pools.Phum Baitang also offers relaxation treatments and facilities through the Spa Temple which has 7 treatment rooms, a steam room, a sauna, and a relaxation area. They also have a Yoga pavilion, a 50-meter infinity pool, and a fitness room.Phum Baitang also boasts local and international cuisine through its two restaurants in the vicinity. You can also grab a few drinks at the cigar and cocktail lounge that’s situated near the paddy fields.So whether you’re looking for an authentic Cambodian experience or just a relaxing stay in the area that feels like a home away from home in Cambodia, Phum Baitang by Zannier Hotels might give you a mix of a little bit of both. And you might just bump into Angelina Jolie too…Looking for hotel properties? Check out commercial property for sale and rent across Cambodia.Click here to download your free copy!

A question is repeatedly raised regarding the crisis in real estate sector: “Will there be an upcoming loan crisis?” Yin Leangkong – editor in chief of the magazine Property View, and presenter and editor of real estate and economics at BTV– talks to Realestate.com.khTV about it.There have been talks of excessive credit growth in the real estate industry in Cambodia. This is causing concern of whether there might be a credit crisis down the line.  Recently, financial institutions have shown the year to year credit loan growth rate at an average of 30 percent. And this growth mainly focuses on the real estate sector. Do you have any comments relevant to this point?When credit loans increase, we find both negative and positive sides to this aspect. The positive is that when the credit increases, then there’s a cash flow for the citizens and the economy.It is good for citizens when they place this cash into targeted businesses by creating a business with a clear plan. It’s also even greater for business expansion, etc. These activities create more jobs for people.Also, when the working capital is running in the market, it shows positive effects for the economy.The downside in terms of the rapid growth in credit rate is that there are possible implications. For instance, the growth of the loan amount  from banks and microfinance institutions in Cambodia increased approximately 65 percent in 2015, in terms of Gross Domestic Product (GDP). This shows that the economy of the country may be in danger.But the situation changed in 2016. Loans decreased. So this significantly releases plenty of risk right away. The bank loans or microfinance loans were reduced and now there is a stronger and stricter loan application process than before.In your point of view, do you think that the real estate market will collapse like it did in 2008?It’s impossible! Actually, the real estate crisis in 2008 did not start out from Cambodia. It was a global crisis that started from the United States. And although the real estate market slowed down, intelligent and experienced investors in real estate have already taken precautionary measures. Moreover, government already issued regulations to prevent a crisis in this sector as well.Should micro finance companies and banks continue to provide loans for citizens?I think loan providing institutions should keep lending to people, but there should be a limitation and conditional loans must be specific and clear. When providing loan to people, you have to make sure it will contribute to help for a better standard of living for the customers. For a home loan, it may be suitable with the middle-class bracket. A term loan will provide both affordable standard of living to people. It also profits banks or microfinance institutions.But if there are too many home loans, it may be cause for a crisis. The global economic crisis that started from the United States is a good example. This crisis was due to an excessive amount of home loan buyers in the country that were offered with lenient home loan conditions.  They didn’t only buy to live in the properties, they also bought properties to sell for returns. Then when all those loans got stuck, they couldn’t be paid back; so this pushed the real estate crisis broadly to the entire economy.Thus, these loan and financial institutions should seriously consider making clear and strict loan policies before offering loans. It may not be possible for financial institutions to stop loaning immediately, but it would be good to balance the transparency between the supply and demand in order to benefit both the financial institutions and the citizens. It can also help make the macro-economy  better.Read more about latest real estate news in Cambodia on Realestate.com.khClick here to download your free copy!

This article was provided by Desmond Yap, General Manager of Yong Yap Properties. It seems like the directive of H.E. Kong Vibol, Director General of GDT,  presented in Cambodia’s first Tax Forum in September  is swiftly moving into action, with officers checking rental contracts of commercial locations for VAT and now what appears to be the introduction of a soft titled property transaction tax.We will unofficially call this a “stamp duty” tax for now.At the start of the week, Sreyleak EnChan, Yong Yap’s star consultant, was processing a new sale transfer at the sangkat office (local authority) when surprisingly, a new procedure was in place to transfer, with the need for the Ministry of Land Management, Urban Planning and Construction (MLMUPC) and the General Department of Tax (GDT) to be involved.Yong Yap Properties have met and discussed with the four main sangkats of khan Daun Penh in which they specialize in, along with verifying as much as possible with the khan and other related sources, the procedure now appears to be the following:Register to transfer property at your local sangkat office as per usualThe local MLMUPC office will be informed and an appointment arranged to inspect and measure the propertyA stamp duty tax invoice will be issued for the vendorOnce the sangkat has confirmed payment from GDT, the title process can continue as per normal to the khan.The additional costs appear to be $50 for MLMUPC to measure and issue invoice.  Stamp duty tax appears to be $6-8/m2 for the internal size of the property.  For the standard one bedroom flat, you would be expected to pay an additional $400-$700.  Transfer time is now expected to take 4 – 6 weeks, previously 3 – 10 days.This has come as no surprise as there has been rumors of imposing stamp duty tax on soft title properties since the start of the year.The surprise (or lack of in Cambodia) is that in typical Cambodian style, this law was enforced overnight without information passed onto the public or even the local authorities handling the situation, causing much frustration in the industry.Looking forward, if all our findings are correct, we hope this will bring more transparency and confidence in the security of soft titled properties to the market.  ACLEDA is the first major bank to provide loans for soft titled properties, with this additional tax registration, it should lead the way for other major banks to follow suit.See original story here.Find out more about land title in Cambodia on Realestate.com.khClick here to download your free copy!

The General Department of Taxation (GDT) has extended the deadline for owners to settle their immovable property tax.  The usual deadline is September 30 every year. This year’s deadline has been extended to October 31, 2016, a month longer than the usual date. “Property” is referred to lands, houses, buildings and other constructions that are built on the land.The GDT has already issued two official notifications, numbers 12723 and 13466, reminding all owners of immoveable property to submit their Property Tax Application and pay their tax.Notification No. 13466 ordered owners of registered immovable property to pay their 2016 tax at any tax office or branch of Canadia or Acleda Bank, using the receipt for their 2015 property tax payment if the size of their property had not changed size, been separated, demolished, or changed hands. If any such changes have taken place then owners must inform the GDT so the department can update its records for any potential additional tax payments.Note that the failure to register immovable property and pay tax may result in penalties in accordance with tax regulations.The purpose of the law is to rationalize the use of land and to benefit the sub-national administrative budget. The property tax is to be imposed in all municipalities and provinces of the Kingdom and applies to immovable properties valued in excess of one-hundred-million Riel (25,000 USD).Property Tax baseThe tax is to be collected annually at a rate of 0.1% of the value of the property. The value of the properties will determined on market prices as evaluated by the Property Evaluation Committee established by the Prakas of the Ministry of Economy and Finance.Property Tax Calculation: an example from Cam Accounting & Tax Limited is a leading audit firm (Chartered Accountants) in Cambodia which offers Tax, Accounting and Audit Services.Mr. Heng owns one three-level building (E0, E1, and E2) of 4m x 16m with a total land area of 10m x 40m. The market prices per square metre would be evaluated by the Property Evaluation Committee as follows:Land price: $400/m2 Ground floor (E0): $120/m2 First floor (E1): $80/m2 Second floor (E2): $65/m2 Land price: $400 x $400 = $160,000 Ground floor (E0): $64 x $120 = $7,680 First floor (E1): $64 x $80 = $5,120 Second floor (E2): $64 x $65 = $4,160 Total price of property: $176,960 Property Tax = (80%* of Price of property – $25,000) x 0.1% = ($ 141,568 – $25,000) x 0.1% = $ 116.5 The information in this article was provided by Mr. Keat Heng (ACCA, CPA), Managing Director of Cam Accounting & Tax Limited.Contact Cam Accounting & Tax Limited for further assistance. The company will assist you with your immovable property and any payments you are required to make, calculating the amount of tax due by calculating the amount of property tax payable and submitting the correct payment to GDT.For further information or assistance, contact: Cam Accounting & Tax Limited Head Office:Head Office: Room 508, 5 Floor, Bayon Market, No. 33‐34, George Dimitrov (St. 114), Sangkat Monorom, Khan 7 Makara, Phnom Penh, Cambodia. Phone:(855) 97 5555 298 E‐mail: partner@cam‐at.comLearn more about Cambodia property tax by watching this video on property tax on Realestate.com.khClick here to download your free copy!

In a program with local media news, BTV, Mr. Chheang Sophanna – international sales manager of Pallas Group – said that the company plans to launch its $23.2 billion development project in March of 2017.  It will be located in the coastal area of Kampot and Kep.The government issued a license of development for to the project on October 12, 2016.Mr. Sophanna added that the Kampot and Kep project will be developed for residential holiday homes, business, and tourism and holiday homes. This is the first large-scale international project. It will be a great way to welcome foreign visitors from all around the world, he claimed.  Pallas Group is an international real estate company which is expected to occupy a total land area of 4,158 hectares in Kampot and 144 hectares of land area in Kep. Meanwhile, the company is also looking to do a similar project in Thailand and Vietnam. Kampot is situated 148 kilometres away, while Kep is located 170 kilometers away from City of Phnom Penh. Ms. Siriluck Choochart, the President of Pallas Group, mentioned that the project in the two provinces will be called the “French Riviera Marina”.The French Riviera Marina is set to become an international destination for purposes like residential, business, tourism, and film production. Siriluck cited that the company's Kampot and Kep project will create over 50,000 jobs after the construction begins and thousands more after the development is completed. And each project will be environment-friendly. It will also make use of modern construction materials and the most advanced construction methods. This project will be made with quality in mind and is slated to become the best of its kind in Cambodia.The French Riviera Marina will also offer a safe sea park that includes villas, hotels, apartments, a swimming pool, artificial beach, a private coast, a golf course, a port, boutique shops, leisure area, and many more.Enjoy more of the latest real estate news!Click here to download your free copy!

It is extremely easy to create a new listing on Realestate.com.kh, whether you are a private seller, landlord or real estate agent.However, there are some simple ways you can improve your listing quality and make sure every property you list on Realestate.com.kh gets the views and sales leads it deserves.The better your listing looks and the more information it contains, the more views your listing will receive from prospective buyers – and the faster you will sell or rent that property.And to ensure property seekers on Realestate.com.kh are presented with the highest listing quality possible, we automatically display listings with 0-1 images at the bottom of the list. Quality listings will always be preferred by our website, and sit higher in the list of search results.Tips to improve listing quality:1) Upload more than 3 Quality Photos:Some buyers who are accessing the site from outside Phnom Penh, or internationals who are searching for property from overseas on Realestate.com.kh, can’t view the property in person, or may have trouble navigating new cities in Cambodia. Hence, they rely on the photos more than most property seekers. Therefore, it is wise to make sure you (or your agent) take high quality photos – and lots of them. Furthermore, in most cases, the user on Realestate.com.kh only wants a physical property inspection if they really like the look of the property in the photos. There are so many properties to choose from on Realestate.com.kh, that home seekers will not waste their time looking at properties with poor quality photos; or photos of a messy house.The more photos – the better: After all, a picture speaks 1000 words. Realestate.com.kh’s internal data shows that your chances of selling a property can increase by 85% if you upload more than three images.Real Photos: It is very important that the photos you upload are of the actual property you are selling, as this will show potential buyers exactly how the property looks – and prove it is a genuine property for sale.Quality Photos: Always use a camera, not your phone!Clean the House: Clean the house thoroughly and remove clutter to make the space look as big as possible.Remove personal items and fixtures: People want to imagine their things in the house, not your things!Use the Light: Take photos in the daytime when the sun is out! Make the property look as light and lively as possible.Variety of Photos: Take a photo of every room in the house, and try to include any eye-catching and unique features that will draw users to your listing.Consider Functionality: Take photos that demonstrate the functional aspects of the house also. For example, include pictures of the connecting hallways, the security features, the laundry and the size of the car parking spaces. These may not be the most exciting images, but the to potential buyer or renter they hold a big value.Upload landscaped images: If the image you upload is portrait it appears cropped on the listing on Realestate.com.kh until the image is fully opened. If the image uploaded is landscaped, it looks good even when embedded inside the listing. So always flip the photo file before you upload it.2)Take time writing a Quality Listing Description:Offer as much detail as possible when you are writing your listing description. And most-importantly, put yourself in the property buyer’s shoes! What features will they find most attractive in your property? REMEMBER, do not rewrite the price, size of the property, number of bedrooms and bathrooms, your email address or phone number etc. in the description section, as this confuses the user. Instead, use the dedicated sections where you can tick the features of your house, and add price etc.English AND Khmer: Write an English AND Khmer listing headline and description in the designated section. Don’t kill half your audience by ignoring one language.Tell us the Title: What title do you have for that property – soft title, hard title, strata title etc.? Tell the buyer in the listing description.Special Features: What special features does the property have? If there is something special about the property, tell everybody!Property Uses: What is the property's current use? What are the property’s potential uses? Are there any restrictions on its future use?Nearby Amenities: What are the amenities and attractive places that are close by to your property – schools, hospitals, shopping centers, government institutions, transport etc.?Construction: Is the property’s location free from ongoing construction? As major cities in Cambodia see construction booms, a property free from the noise and distractions of ongoing construction is an attractive feature.Access Roads: How about the road quality and quality of infrastructure near the property?Renovations: Has there been any recent renovations to the property?Extra Notes: Is the price negotiable? Are contractual terms flexible? Are their benefits to long term rental agreements (if a rental)? Do any services come free/inclusive with the property?  References: If you have any online references from previous clients who recommend your services, or ex-tenants who have positive reviews about the property, or a personal LinkedIn profile, include these all in the listing description – and inside your seller profile on Realestate.com.kh. All these things will build trust between you and the potential buyer/renter.3) Get your Contact Details Perfect:Your listing is a waste of time if people can’t get hold of you! So make sure your contact details are perfect.Add two phone numbers and two email addresses if you know that sometimes you will be too busy to take the calls.Take time to improve your “Personal Profile” or “Agent Profile” on realestate.com.kh. This profile allows you to give some extra information about yourself and/or your real estate agency. Completing this profile before you list is the perfect way to create a sense of trust and familiarity between yourself and potential buyers and renters. The more people know about you, the more people will see you as a legitimate seller/renter.If you are an agent, you should also include your agency’s name and upload your business’ logo to your profile. Whenever your logo is spotted on a listing, buyers will immediately know who you are, and your agency’s reputation. This recognition will ensure you benefit from the reputation of your agency’s brand, your previous transactions and build long lasting and profitable relationships.Also, if you are an agent, add a professional photo of yourself. A professional picture adds more credibility to your listing.Make sure you are registered on realestate.com.kh’s “Find an Agent” page too – and complete the profile. This is where our users come to find an agent, so make sure you are on the list! 4) Make your Property Listing Headline Count!Add a “Property Headline” in both English and Khmer – and make it count. If it is simple and clear, people will find your items before they find another. Realestate.com.kh has thousands of listings, so you need to make sure your title quickly summarizes what you have to offer!SEO Optimize it: Think about what people normally search for on google or on realestate.com.kh, and make a title for your listing that includes key search terms.Give a short, simple and relevant name to your listing. For example, “Big Villa for Sale in Toul Kork” or “10th Floor Condo Unit On Street 51” are ideal name choices.It is just a title! Save any description for the dedicated description section.5) List a price – Don’t list Price On Application (POA):At realestate.com.kh, we have found that potential buyers generally read the home’s description and expect to see an exact listed price. As such, we strongly recommend that you include a price on any listing if you want to maximise your inquires.Don’t scare potential buyers: If a home features a long list of unique details but lacks a sales price, buyers tend to think the home is likely overpriced. Make it easy for someone to investigate your home further by providing as many details as possible: including a list price.If the price is negotiable: also let the user know in the listing description.If the terms of sale/rent are negotiable: let the buyer know in the listing description. 6) Follow up your sales inquires QUICKLY and PROFESSIONALLY:When you receive phone and email inquiries for your property on realestate.com.kh, it is extremely important that you follow up with the potential buyer and renter as fast as possible. If you don’t get in touch quickly, your potential buyer or renter will soon find another offer, and another seller who is more interested in them. Following up inquiries slowly immediate makes you seem unprofessional and unorganized!International leads process: For international inquiries it is best practice to first contact via email with clear information, and then follow up with a call in English language, or whatever is the preferred language of the international buyer.Know the language: If you don’t speak English, or whatever the buyer's preferred language is (albeit French, Chinese, Japanese, Thai, German etc.), find a friend who does speak this language fluently to follow up the lead for you.Remember, an international user who inquires through a property portal is a SERIOUS LEAD and should not be wasted. Internationals totally understand the real estate portal system, and will only inquire to you if they genuinely intended to!Local Buyers: For local inquiries from inside Cambodia, it is best to call directly, as soon as possible.Know your product! Always be professional and understand your property information perfectly before calling. If you seem confused about the details when you contact the potential buyer or renter, they will lose trust in you and your property.For agents listing old properties: if the potential buyer or renter has inquired for a property that you know is already sold or rented, please be honest about this when you contact them about their inquiry. If you are honest about this, you can then establish enough trust with the prospective customer for them to allow you to show them similar properties that you are listing. 7) Upgrade Listings:You can now upgrade your property listings for sale or rent to “featured” on Realestate.com.kh for only about $1 per day! This means your property will be on the top of the list, and get more exposure and more inquiries. Just click “Upgrade” on the property that you want to upgrade inside your seller’s office and we will do the rest!8) Refresh Listings:If your property is still for rent or sale, you can now refresh your listing once every 7 days and bring it back up to the top of the list! When you click “REFRESH”, the property will be moved back up to the top of the list where potential customers will see it!Harness the online revolution that is spreading across Cambodia – and get your listings sold on Realestate.com.kh today, Cambodia’s home of real estate.Make a listing now! It’s fast, easy and free, with no commission on sale!

On the 20th of September, 2016, Century21 Cambodia officially signed an MOU with the Country Garden Group: a Forbes’ Fortune 500 Company, incorporated in 1992 and headquartered in Guangdong, China. Country Garden was listed on the Hong Kong Stock Exchange in April 2007, and currently employs 70,000 employees through 238 subsidiaries.The MOU offers Century21 Cambodia and all national franchises rights to market and sell the Forest City project. The MOU will also give Century21 Cambodia the exclusive rights to handle all sales inquiries for the Forest City project that are generated by the entire Century21 International Families network. Finally, the MOU allows Century21 Cambodia to introduce the Country Garden Group to opportunities within the Cambodian market. The Forest City project is a joint venture between Country Garden Group and a company controlled by the Johor Government, Malaysia. In total, the Malaysian-based project has around 5,000 acres of land, which makes it roughly two thirds the size of Macau. Valued at $100 Billion, Forest City’s ongoing development will last 30 years, creating 220,000 jobs opportunities for Malaysians. While an ongoing development, some phases are already available for occupancy.China and Singapore are the main foreign investors of Iskandar Malaysia thus far due to its convenient access to Singapore. Forest City is located just two kilometers from the border, with new entry points by land and by sea enabling a seamless connection. In fact, residents can enjoy 24 hours shuttle bus services to and from Singapore. A self-constructed highway also provides quick access to Kuala Lumpur and the Johor Bahru CBD.Mr. Kuy Vat, Chairman and CEO of Century21 Cambodia, stated that Century21 Cambodia has great faith in the Forest City project given that Country Garden is one of China’s largest development companies, and listed by Forbes as a fortune 500 company in 2007. Country Garden has over 500 projects around the globe and collects annual sales revenue of over $20 billion.“The reputation of this company and this project made it easy for Century21 Cambodia to agree on the partnership,” says Kuy Vat. investors overseas.”Mr. Seraj Sutton, Managing Director of Global Strategic Business Development (GSBD) at Century21 Cambodia, said “Our main focus is strategically thinking globally. This means proactively promoting Cambodia investment opportunities to the global market, but also promoting the global real estate investment opportunities in Cambodia for local investors. Furthermore, also promoting overseas real estate investment opportunities to the international Mr. Caleb Loh, Business Development Director of Country Garden Pacificview SDN BHD stated that, “the secret to our company's huge success around the world has always been in the quality of our partners. Hence. Century21 Cambodia are an ideal company for us to work with on this project.”Forest City has been announced as a duty free zone by the Malaysian government, with areas that enjoy import duty and goods and service tax exemption. Tourism and MICE, education and healthcare are also qualified for corporate tax exemption for the first 5 years.Iskandar Malaysia, the location of Forest City, is the most successful out of the five economic corridors in Malaysia. In 2014, Malaysian Prime Minister Najib Razak announced that “the economic zone in Johor has secured $47 billion investment, of which 51% or $23.8 billion has been realized.”For residential buyers, the project offers a seafront living paradise, with 100% freehold landed and high-rise apartments - at a quarter of Singapore’s prices. Forest City is surrounded by the world’s second largest mangrove reserve, ecological wetlands and other natural resources; together with 10 kilometers of lush coastline. Ranging from 2 to 4 seaview bedroomed apartments and landed properties, Forest City has already generated more than $1.5 billion in sales within just 6 months.Forest City will be the first city of its kind worldwide, where horticulture covers the facades of the buildings, creating a natural eco-barrier which conserves energy, purifies the air and reduces noise pollution. It also utilizes an advanced multi-layered urban planning concept in which parks and recreational spaces spread around the city cover over 20 kilometers squared. There is no vehicle traversing the city surface, instead railways connect the whole city and roads, flyovers and parking space are docked underground, meaning total separation of pedestrians from vehicles.Seraj Sutton notes that a lot of the populations of investors around the world, including Cambodia, are looking to diversify their portfolio. That is why Century21 Cambodia are creating opportunities for Cambodian property investors to invest in world-class overseas projects: Seraj Sutton stated, “Forest City fits perfectly in our "Complete Global Vision and Strategy.”When finding investors for Forest City, Century21 Cambodia is aiming to leverage partnerships in countries like Cambodia, China, Hong Kong, Macau, Taiwan, Malaysia, Indonesia, Vietnam, Singapore, Japan, Korea, Thailand, France, India, Australia, Canada, and USA.Find out more about this exciting investment opportunity today with Century21 Cambodia.Click here to download your free copy!

The Sihanoukville Special Economic Zone (SSEZ) is an overseas economic and trade cooperation zone made possible through the partnership of the Jiangsu Taihu Cambodia International Economic Cooperation Investment Co., Ltd and the Cambodia International Investment Development Group Co., Ltd.The Sihanoukville Special Economic Zone is located 3 kilometers from the Sihanoukville airport and 12 kilometers from the Sihanoukville international deepwater port. It’s also close to National Highway No. 4 and 210 kilometers away from capital city of Phnom Penh. Sihanoukville is the only international port city in Cambodia.In an article by Koh Santepheap Daily released on October 24, 2016, Mr. Jack Chen – CEO of the Special Economic Zone of Sihanoukville – explained that the Sihanoukville Special Economic Zone is turning into a counterpart of China’s Shenzhen City. It offers great potential for the development of the economy and the industry sector. The SSEZ has a total area of 11.13 square kilometers. 5.28 square kilometers of this will be dedicated towards the leading industries in the SEZ such as textile and clothing, machinery and electronics, and light industry products.Jack Chen continued to say that across eight years of development, the SSEZ had created an international industrial park that had absorbed investments from China, Japan, France, South Korea, and the European Union. Currently, the special economic zone holds 103 enterprises with 88 operating and employing over 16,000 thousand people.Chen also said that “moving forward, the SSEZ will have a total of around 300 industries coming into the area and will have the manpower of about 200,000 employees. Other than employment opportunities for residents of special economic zones, workers and students will also be trained to use the Chinese language for workers and students. There will be a school building fund for the Bet Trang commune. The special economic zone will also build a vocational training center to teach people in order to obtain greater integration to compete in the ASEAN platform. Moreover, the special economic zone will see the construction of a standard hospital  to provide health services for citizens and workers.  President Xi Jinping of China during a recent state visit to Cambodia acknowledged the progress of the special economic zone in the Sihanoukville province. He also pointed out that the economic zone’s model of cooperation between China and Cambodia started with the vision of infrastructure connection and cooperation within the strategic framework of “one belt, one road”.  The SSEZ will provide better opportunities and livelihood for locals. This project will significantly  benefit the whole country, Jack Chen said.Read more about development in Sihanoukville province on Realestate.com.khClick here to download your free copy!

North Park Condominium perfectly blends contemporary design with modern lifestyle amenities, in a lush, natural environment, featuring lavish-style grounds and facilities. The first thing you will notice on arriving at North Park is the sense of space. The same is true when entering the apartments themselves.With 1.2 hectares of beautifully landscaped gardens, North Park’s intention is to blend between interior space and its luscious open space surroundings. Designed to create a world class lifestyle unlike any other, North Park boasts stunning interior and exterior features with 5 star resort amenities.With a beautiful lagoon swimming pool, restaurants, gym, playground & 24 hours security, your daily life will be enhanced by the feeling of relaxation and exclusivity.Financial:35 percent of the 55 units in the Sapphire tower have already been sold before its official handover date on March of 2018. Currently there is a special promotion called North Park Guarantee (NPG) which enables serious buyers’ huge savings. For a limited time only the current promotion is open to 7 units which comprises of a discount, a 7% rental guarantee annually for 2 years and free property transfer.The Royal Group:The North Park Condominium is a project by the Royal Group of Cambodia. They are recognized as the country’s “most dynamic and diverse business conglomerate”. They are involved in telecommunications, financial services, media and entertainment, hospitality, property and transportation. They’ve also been part of large-scale development projects in other sectors such as the recent Royal Railways project.North Park Luxury:The North Park Condominium is a very low-density development that is family-centered. It was designed by international architects who followed international standards during the planning and execution of the project. Condo units range from one-bedroom to three-bedrooms that start anywhere from 55 square meters to 245 square meters. These all come standard with a large balcony looking over manicured landscaped gardens or a Laguna pool.They include amenities like the resort-sized pool, modern gym, children’s pool, lagoon, playground, restaurant, and BBQ area cater to different family members. The condominium also offers 24-hour security facilities and CCTV systems.It’s located along Street 2004 at the Northbridge Community in Phnom Penh. Notable landmarks in the location includes the Northbridge International School, CIA FIRST International School, Cambodian Country Club and Ratana Plaza Shopping Center.For a lavish and luxurious resort-like home for you and your family, the North Park Condominiums project is a perfect choice.Learn more about North Park Condominium today!Click here to download your free copy!