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Property Awards officially launches in Cambodia
Property Awards officially launches in Cambodia
June 6, 2022, 5:05 p.m.
Realestate News
The latest boost for the kingdom’s booming property industry will kick off the prestigious industry awards programme in 2016... As the acclaimed Asia Property Awards officially launches in Cambodia Undoubtedly home to one of Southeast Asia’s most exciting and rapidly evolving property markets, Cambodia is set to receive the region’s real estate industry seal of approval when it becomes the latest country to be included in the coveted, decade-old Asia Property Awards series. Sponsored by TEKA, the first Cambodia Property Awards 2016 will recognise and reward the achievements of the country’s most successful, dynamic and innovative developers and developments, as well as introducing the market to a wider regional audience of affluent investors and major industry players. The Awards’ successful launch party was held on Tuesday, 6 October, at the Chinese House in Phnom Penh, attended by nearly 150 guests and members of the press. Nominations from industry players and the general public have now started to pour in for the Cambodia edition, and will close on Friday, 4 December. The glittering awards ceremony is set to take place on Thursday, 25 February 2016 at the Sofitel Phnom Penh Phokeethra and will present more than 20 awards covering the condominium, housing, hotel, office, retail, green and mixed-use segments, all of which will be grouped into three main sections, namely Developer, Development and Design. While Cambodia’s property market may not yet be as established as its regional counterparts, the kingdom is stepping up in the development sector, with numerous low-rise and ambitious high-rise projects currently in the planning stages or under construction in Phnom Penh, which is undoubtedly establishing itself as a desirable investment destination due to the relatively low prices and average rental yields of 5.3 percent – very attractive for an emerging market. Industry analysts also expect the overall condominium market in the capital to increase its supply by 40 percent within the next three years, which is one indication of the growing interest in local real estate. Other destinations such as Siem Reap and Sihanoukville province are also showing on many local and foreign investors’ radars, thanks to the kingdom’s existing laws giving investment incentives, and an open and free economy. “Cambodia is a comparatively small market, but it is quickly emerging and is definitely deserving of the recognition it will receive at their very own Property Awards,” said Terry Blackburn, CEO of Ensign Media, event organiser and publisher of Asia’s industry leading magazine, Property Report. “Competing in Cambodia will give the winners of the top awards the opportunity to showcase their latest projects at our South East Asia Property Awards grand finale to be held in Singapore.” As is the case with all the events of the Asia Property Awards, successful entries will be supervised by BDO International, one of the world’s largest accounting firms, and assessed by an independent panel of highly-experienced judges led by chairman Simon Griffiths, associate director of CBRE Cambodia. “There is a definite market trend in Cambodia of a flight to quality,” Griffiths said. “If developers can truly distinguish themselves through innovative and truly quality developments, from design and architecture to construction, execution and operation and by winning an independent award it helps consumers identify those properties, it can only be a good thing for developers and design firms.” For more information on the inaugural Cambodia Property Awards, visit the website. Super early bird tickets for the gala dinner are available now at Ensign-Media.com, offered until 11 December only. Sponsorship and media partner opportunities for the kingdom’s premier real estate event are also available. For details, email info@asiapropertyawards.com or call +66 (0) 2662 5195. Follow #AsiaPropertyAwards to join the conversation about the Asia Property Awards series on social media.
Safe 10 year UK Investment Opportunity
Safe 10 year UK Investment Opportunity
June 6, 2022, 5:05 p.m.
Realestate News
Are you a Cambodian based investor that wants to invest in the United Kingdom in a safe and socially responsible 10 year investment opportunity? Look no further...Introducing a very exclusive investment opportunity New Castle, United Kingdom, with Ivanna Capital Ltd, UK. Buy a unit of Learning Disabilities Center in Gateshead, UK, with guaranteed rental returns for 10 years, and sell-back opportunity after 10 years.Investment cost: £64,950 Yield:10%Guarantee phase with 10 years Deposit: £5,000 per room purchase 5% returns will be paid during development phase for people who pay the full £65k at exchangeMore information on the Investment Opportunity:  "The amount of quality spaces available for people with Learning Disabilities across England is massive below the required demand levels based on local and national figures. Many Local Authorities have to place residents as in other local areas because the facilities are just not available locally. This places a huge financial burdon on the local authority. The need for this type of accommodation in Gateshead Borough is massive. The Local Authority is working with our Care partners to try and reduce the need but to also design something that is truly unique and groundbreaking." "The 40 bed unit which we are building will be the first of its kind nationally and will provide not only supported accommodation but also access to the highest possible education. St. Camillus Care Group Ltd want to change the way people with learning disabilities are supported and this represents a fantastic investment opportunity. There is a legal duty on Gateshead Council to house people who have an assessed Learning difficulty. Gateshead Council has currently not got enough accommodation to accommodate and is a priority area of development." "Based on current accommodation trends and population growth, the research estimates that there will be 19,860 new registered care bed places and at 14,222 extra supported accommodation places in England and Wales over the next 15 years. "The research found that 172,000 people with a learning disability in England and Wales known to social services. This differs to estimates of over a million when combined with the people that are suspected of having a learning disability but are yet to be statemented." "Over the next 15 years, based on population growth of adults with a learning disability known to social services we will need to following provision in England and Wales: 19,680 new registered care places14,122 extra supported accommodation places10,766 extra general needs tenancies with local authorities and housing associations73% of people with a learning disability want to live in some form of independent living. This currently sits at 16% due to the lack of accommodation to support individual need.The research also found that it is likely an additional 33,000 people with a learning disability will continue to live with their parents even though both service user and parent would like to find somewhere which would promote independent living." "Gateshead is on the opposite to Newcastle across the River Tyne. The site we are building on has fantastic views up the Tyne River providing a tranquil and idyllic environment for service users to live and learn. Excellent central locationPerfect for students as Gateshead College is less than 1 mile awayWalking distance to City Centre, stations and parksSafe neighbourhoodWealth of local amenities including bars and cafesAward winning Sage Gateshead less than 1 mile awayThe need for this accommodation is based on in depth research and over 50 years’ experience in the field of social care and commissioning.The Local Authority are supporting the development and are willing to commission beds over a number of years safeguarding financial returns and the initial investmentThis approach sits firmly in line with the newly produced UK Care Act which places a duty on local authorities to do more to make sure that people do not need to travel away from their local area to receive the right kind of support "Securing your investment: Your investment will sit in a 3rd party client account until stage progress is signed off by a qualified Quantity Surveyor. Once this has been completed funds are then released for the next stage of the build. This protects the investor and makes sure that the investment is secure during the building stage of the process." "Guaranteed Buy Back Option: Guaranteed buy back option (at end of year 10) at original value £64950.Reserve your unit now for just £5,000.Your balance of first payment will be due within 28 days from receipt of reservation contract.Buyers solicitor will then be engaged.Financial return paid in arrears quarterly direct to your nominated bank account.5% interest given on funds received at exchange until refurbishment has been completed 1st September 2016.""NOW:Reserve your unit now for just £5000 deposit.UK solicitors instructed and contracts issued.First installment of £26000 due at exchange of contracts 28 days after reservation.Second installment of £26000 due February/March 2016Completion monies £7950 due July 2016"Please contact Immy at Ivanna Capital Ltd  for more information - UK : +44 7448588234 ipanjwani42@gmail.com
RICS Valuation Training in Cambodia
RICS Valuation Training in Cambodia
June 6, 2022, 5:05 p.m.
Realestate News
The UK Royal Institution of Chartered Surveyors (RICs) launched their first specialist course on Plant and Machinery Valuation, in partnership with IBC, on the 3rd September in Phnom Penh, The course, which represents a first for the Kingdom, taught local and international participants the fundamentals of Plant & Machinery (P&M) Valuation Standards, Valuation Methodologies, Code of Ethics, and Risk Management principles. RICS promotes and enforces the highest professional qualifications and standards in the development and management of land, real estate, construction and infrastructure. The organisation accredits 118,000 professionals and any individual or firm registered with RICS is subject to it's quality assurance. Their expertise covers property, asset valuation, real estate management; the development of infrastructure; and the management of natural resources, such as mining, farms and woodland. Read another useful article about valuation standards in Cambodia here. In addition to the RICS course, BritCham, in partnership with IBC and RICs, recently organised a half-day forum on the promotion of building and fire safety standards. To-date Cambodia still does not have a set of Building or Fire Safety standards in the area of construction. Several initiatives within the Government are currently being developed, as well as by the private sector and relevant institutions. This led to the UK Government’s Foreign and Commonwealth Office and UK Trade and Investment to commission the Royal Institution of Chartered Surveyors (RICs) to produce a report on the topic with a view to providing the Cambodian Government with assistance in developing building standards and ensuring better regulation. The Report's findings and recommendations were presented to and welcomed by the Government last year. The Report further provided the foundation for the country’s first Building ConstructionLaw, drafted by H.E. Dr. SOK Siphana. Following on from this, the purpose of the joint IBC and BritCham seminar was to bring together relevant stakeholders - both from the private and public sector - to examine the findings and recommendations of the RICs report and discuss a common approach to the developing building and fire safety standards for Cambodia. Read another article about fire safety standards in Cambodia here.
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How to Adopt a Cooler Lifestyle in a Green and Energy Efficient Building
How to Adopt a Cooler Lifestyle in a Green and Energy Efficient Building
June 6, 2022, 5:06 p.m.
Realestate News
Is your air conditioning bill causing you financial stress? Do you want to reduce your home or office's’ carbon footprint but still keep your body cool? Realestate.com.kh spoke with Professor Dr. Karl Wagner, from the School of Business at the University of Kuala Lumpur, a world-renowned specialist on green building science, about some simple ways to cool down your buildings and your bodies, without turning up the air con!Evaporative Cooling: Whenever you feel hot when coming from outside the house back indoors, typically in temperatures of above 26 - 30ºC, take a more extensive cool shower of 2-3 minutes, and dry only what is socially necessary. This encourages evaporation cooling across your body, which will bring down your body temperature for longer.“Chill-In” Office Booths: In the commercial application of this, offices can provide air conditioned “chill-in” rooms at the entrance of the building - potentially with work stations and wifi. These cooling pens allow for staff to cool down when they first enter the office from the heat outside. Once all staff spend a few minutes in these designated “chill-in” rooms, they can then enjoy a warmer temperature inside their office space.Instead of pumping up the air con across the entire office space at low temperatures, or rising and lowering the entire office temperature based on weather conditions, these temporary “chill-in” spaces allow all staff to cool down their bodies before they enter the office, and be better acclimatized to warmer temperatures once inside their work space. This saves on energy costs for the office, and means cool air isn’t wasted. It also encourages body temperatures to adapt to medium temperatures in the longer term. NoHeavy Bed Sheets: In sleeping rooms, do not use thick comforters/duvets on the bed - because these do nothing but trap heat under you. Accepting tropical thermal comfort also means the demise of bed comforters! Duvets make sense to the colder temperatures of northern countries where they were invented - but not Cambodia, or other tropical climates. In an aircon cooled arena such as your bedroom, they create a vicious circle - the thicker the duvet, the lower we set the air con, otherwise we sweat under or even on top of the thick blanket. Take it off and replace it with a thin sheet.Escape During the Heat of the Day: If you have a typically un-insulated house in Cambodia, leave the house during the hot afternoon hours whenever possible. This is because, without heavy air con usage, it is impossible to keep it cool at these times. Offices, shopping malls, libraries and other public places are great getaways during the heat of the day. They are cooled down to digestible thermal comfort zones anyway, and going out for shopping and other daily needs will both increase your stamina and fight obesity (if this is an issue).Green Lifestyle Jives in Tandem with a Healthy Lifestyle: It is an old rule, independent of cultures, not to eat anytime up to 3 hours before you intend to sleep. Our digestion appreciates this and, instead of sweating due to late heavy meal, we can easily stand and appreciate a higher comfort temperature. We don’t have to be nutritionists to switch our eating clock forward. If we feel over saturated after a belated meal, a walk through the park or more intense evening exercises can work miracles to burn the inadvertent surplus of calories and cool your body down naturally.Want to learn more about Cooler Lifestyles in Green and Energy Efficient Buildings? check out or news page now!
Rental Checks before Signing On
Rental Checks before Signing On
June 6, 2022, 5:05 p.m.
Realestate News
Whenever renting a new house or commercial space for business, the things that grab our attention first and foremost are the location, price and the supporting lease clauses. However, we often miss out on and overlook certain small but equally important things. You should remember that your final lease agreement is not going to include a lot of important stuff that will ultimately make or break the rental agreement, and this could well be the same stuff that even your landlord or broker won’t reveal pre-contract. Read another Checklist for Securing your Dream Rental Here.Here is a few extra things to consider above and beyond the rental agreement, thanks to Realestate.com.kh:How's the Landlord?Always do a background check of your landlord to make sure everything is above board. This need not be a difficult one, or necessarily call on any official records. Neighbors and grocery shop owners in the vicinity are often the best sources that can help you ascertain your prospective landlord’s nature and his ownership over the property. Also, you should check how far or close he or she lives from the rented apartment. A  landlord who is too nosey is sometimes equally as bad as an extremely laid back one. A lot of good apartment rental experiences are ruined because of landlords - so work out fast whether or not yours in a keeper. Also, try to speak with past tenants. The landlord may be able to provide contact details of the last tenant. If he or she does, call them - and get the down-low on the property and the landlord before agreeing to sign on.Meet the Neighbors:Similar to the above regarding landlords, a bad neighbor can ruin your rental experience. Try to meet your neighbors before finalizing the house agreement and find out whether they will have an overbearing influence on your life. Consider their set up too - is it a family living beside your house or a bunch of young guys? This will make a difference to your satisfaction once the contract is done - so find out before the point. Visit at night:Visit the area where your new residence resides at night to check its safety. A neighborhood that’s calm during the daytime can turn into a very noisy place at night time. Does a KTV open next door after 7pm? Is the entrance to your prospective home lighted sufficiently? Do you feel safe in the new area? If you don't, you can bet your family won't.Is your pet allowed?Find out your landlord’s stance on pets, if you have any. Many landlords don’t allow pets, so finding one which does can often be a challenge for the renter with fluffy friends.Consider the local commute:Try and get to work, or school, from the new house - before agreeing to live there. Many times,  our commute related research is merely based on the rough distance between your home and destination. Walk through your travel route and see how easy and efficient it really is.You’re now ready! Get on Realestate.com.kh/rent today and start the search for your dream rental! Of course, Realestate.com.kh’s 6000+ rental listings make it effortless to see what is available across the Cambodian rentals market. Read another Checklist for Securing your Dream Rental Here.
Checklist for Securing your Dream Rental
Checklist for Securing your Dream Rental
June 6, 2022, 5:05 p.m.
Realestate News
Finding the perfect rental can be a taxing experience. Of course, Realestate.com.kh’s 6000+ rental listings make it effortless to see what is available across the Cambodian rentals market. Yet, when it comes to inspections, the bulk of your search and consideration usually revolves around technical aspects of the new home, such as proximity to your office or your kid’s school, your budget, the number of bedrooms and the like – it is easy to overlook some of the smaller but equally important details during the heat of the viewing. Here’s a checklist, thanks to Realestate.com.kh, to ensure you’re not forgetting anything! Additional costs: Most rental rates are exclusive of extra monthly charges. Monthly maintenance, waste collection, gas and water rates, electricity bills, bond payments etc. can add to the monthly rental price significantly – so make sure you inquire about all extra expenses while you are viewing. And confirm them in the rental contract before signing. Expect to pay no more than 1000Riel/$0.25 per Kilowatt for electricity, $5 per month for water charges & trash collection and $5 per month for TV cable connection. Read the contract: Seems like a no-brainer – but read your rental agreement with care and attention. Learn the ways in which you can be liable for a breach of your contract, for example having pets or parties – different land lords’ stipulate different reasons for being allowed to throw you out, so make sure you know what the land lord in question expects of you before you agree to stay. Get the right title!Everyone haggles! Always bargain the price with your landlord no matter how it makes you feel. Learn how to haggle here. The same goes for your real estate agent. Remember, that while your real estate agent is acting in your interests to some degree – they are ultimately acting on behalf of the sale, and their commission will be higher if the final agreed price is higher. If you are applying for a long term rental, 1 year or over, use this as a bartering tool. Also, while the landlord may not be flexible on monthly rental price, you may still be able to push them for additional services or home furnishing/appliances for free as contract sweeteners. An upfront advance on your first few months’ rent may also be an enticing bartering point for landlords looks for a fast cash injection in the short term, but ensure everything is receipted correctly. Here's some tips to finding the perfect agent.Safety First: Regardless of what your agent tells you, be personally responsible for you and your family’s safety when considering any new rental property. Walk around the neighborhood of any property you are considering renting, speak with neighbors (and other tenants if it is a shared building) and come back to the area at nighttime and make sure no hidden threats appear when the sun goes down. Also, always consider the potential for flooding. A 24 hour review is necessary to note any noise hazards too – there may be construction in the afternoon that you never noticed at the morning viewing, or a night club could open at night next door. For a little extra attention before agreeing to the rental contract, you can truly understand the pros and cons of the property. Little Things: Check faucets, door hinges, locks, door knobs, power points, appliances, water heaters and gas cookers before agreeing to rent. Most of the time these things look perfect until further investigation - but if you catch minor problems now, you can ask the landlord to fix them before the agreement is settled. Here is a pre-purchase property checklist.Bug Free? Keep your eyes peeled for any signs of a bug infestation. It is not uncommon and it’s easy to miss signs that your new home is shared by a family of cock roaches, termites, mice or other pests. Unless it’s a critter co-lease you’re looking for, find out before it’s too late. Photo Evidence: Before agreeing to the bond payment, take photos of every room in the house while it is empty. In these pictures, make sure you evidence any preexisting damage to the property. This way, when your contract eventually ends, the landlord has no grounds to deduct wear and tear damages from your deposit that in fact you weren’t responsible for. You’re now ready! Get on Realestate.com.kh/rent today and start the search for your dream rental!
The Borey Buyers’ Guide
The Borey Buyers’ Guide
June 7, 2022, 5:47 a.m.
Realestate News
The borey life is the dream of countless families across Cambodia. However, not all boreys are equal. Here is a checklist from Realestate.com.kh to make sure you are in fact securing the right property for you and your family - and a sound investment.What is a borey?Essentially, a borey is a gated community of flat houses, twin villa houses and single villa houses, including public areas, gardens and full security services. Those who want to buy a borey home are looking for privacy, a safe place for their family to grow, areas where communities can develop, and a place where all modern amenities are assured. They are they prefered first home of newlywed Cambodian couples looking to start a new family. Not Cambodian? Not sure if you can buy a borey? Learn about foreign ownership laws here. Learn more about Phnom Penh Residential Space here.Is it a registered borey you’re buying?Before purchasing any “borey” home, or any gated community home which calls itself a “borey,” you must first ensure it is infact registered as a borey and has all the correct licenses. Ask your real estate agent, or the property owner, to provide all certification before considering purchasing the property.Here is what you need to see:Correct Hard Title:  The borey development owner must first have hard title for the entire project property, and it must be divided into individual hard titles for each housing unit within the borey. Learn more about Cambodian land titles here.Registered Development Company: The owner/developer must be a registered Cambodian company.Master Plan Approval: Before any construction begins on a borey development, the Ministry of Land Management must first approve the developer's Master Plan.Construction License: Having approved the master plan, the construction company is scrutinized. In order for a gated community development to call itself a “Borey,” it must be built by a single, registered construction company, with a license to construct from the Ministry of Land Management. This ensures the buildings are built to an adequate standard, and necessary amenities and infrastructure are guaranteed.Borey License: If everything is in order, the Ministry of Economics and Finance issues a borey license - which means that the Government is satisfied with the quality of the development’s design and sales plans, and the correct land titles for that housing project are in order. Each property within the development will have an independent hard title, meaning the future home owner has full ownership rights on purchase. This means the development can legally be called a “borey”.Buying a registered borey home means due diligence has been done for you by the Government - at a national level - and you can guarantee that the correct construction and legal processes have been followed.In comparison, Cambodia hosts many large developments of flat houses which look exactly the same as a borey community in their design, and sometimes even called a borey in their marketing. However, those developments have not been scrutinized or licensed. Developers avoid registering as a borey because of the additional expense and scrutiny over their construction and legal standards. To build and sell a flathouse development, not titled as a borey, means less licensing is required, and official permission for construction and selling is only needed at a Khan or Sangkat level. Your title may not be valid, and the quality of the house’s construction and its Sales and Purchase Agreement is not certain. Avoid unregistered flathouse developments, or risk investing in a insecure asset that may not match pre-sale descriptions.Check out Cambodia’s latest and greatest borey homes for sale and rent on realestate.com.kh today!
Why Property Developers prefer Realestate.com.kh
Why Property Developers prefer Realestate.com.kh
June 6, 2022, 5:04 p.m.
Realestate News
Realestate.com.kh offers a range of products for property developers in Cambodia to build their brand, increase inquiries for their apartment, condo or office units, and ultimately sell their new development project faster than ever.We are not agents here at Realestate.com.kh, and we do not take commission – but we do seek to provide the best possible online real estate buying and selling experience for both home buyers and property sellers. including property developers.The Realestate.com.kh developers online marketing packages are designed to help Cambodian property developers expose their properties to the widest possible audience of buyers - inside and outside of Cambodia - and create ongoing hype within the local and international market. Realestate.com.kh can help your new development stand out from the crowd. Traffic to Realestate.com.kh is highly targeted.People come to Realestate.com.kh for one reason – to search for property – and for this reason, they stay on site for a long time, checking the latest properties that suit their search criteria. For developers, there is no need to waste your time and money listing property on other classified websites where user traffic is not related to property.Property developers put their listing on Realestate.com.kh where everyone that visits it is a potential customer. We are ranked number 1 for search results on google.com and google.com.kh for almost all property search keywords related to Cambodia. Our website is also mobile and tablet optimized, which is perfect for Cambodia where this type of traffic has increased over 414% since 2014. Meanwhile, we harness social media marketing to push your new development listing to a wider audience.Realestate.com.kh’s new development listings appear on our dedicated “New Developments” section of the website, one click from the homepage, which means new development property listings don’t get mixed up with the thousands of other residential property listings. All “New Development” listings are “Featured” which means 200% larger listings, larger photos and the developer’s logo included. You can also upload 3D Renders of floor plans, maps, information brochures and various other sales materials to the online listing.How do we push your property listings around the globe?At Realestate.com.kh, through our “Featured Listings” package, we easily and automatically help Cambodian property developers enter the lucrative international property market, make international real estate connections, and, ultimately, sell property to wealthy international buyers – all without leaving thier computer chair. While 65% of traffic to Realestate.com.kh is from Cambodia, the balance of visitors are from countries with a strong interest in Cambodian real estate. We also help international property agents share their listings with Cambodian’s interested in investing in international real estate.Realestate.com.kh has a partnership with the Property Guru Group.  PropertyGuru Group is Asia’s leading online property portal group used by more than 11 million property buyers, viewing over 104 million property pages and generating over 500,000 enquiries for real estate developers and agent advertisers – every month – across Singapore, Malaysia, Indonesia and Thailand.Content marketing is a powerful way to position your development company as a market leader and create hype for your new development. Realestate.com.kh can make a custom content marketing plan to suit your needs with our professional in-house real estate journalists that produce high quality real estate advertorial. This advertorial will be seen by tens of thousands of property seekers on Realestate.com.kh’s dedicated real estate news blog and weekly email.Our writing is respected throughout the industry, by agents and property seekers. Meanwhile, we push your advertorial to new audiences in Cambodia and abroad through our extensive social media network – which includes Facebook, LinkedIn, Twitter and Line. Banner advertising on Realestate.com.kh is another great way to drive highly relevant traffic to your new development.If you are a developer wishing to list your property on Realestate.com.kh and take advantage of our comprehensive online marketing solutions, please contact us today at info@realestate.com.kh or 017436756 and we will be happy to meet with you and tell you all the different ways we can showcase your new development to the world.Harness the online revolution that is spreading across Cambodia – and get your latest project sold on Realestate.com.kh today!
Why Agents Prefer Realestate.com.kh
Why Agents Prefer Realestate.com.kh
June 6, 2022, 5:05 p.m.
Realestate News
Realestate.com.kh offers a range of products that help real estate agents in Cambodia build their brand, increase inquiries and ultimately sell more property.We are not agents here at Realestate.com.kh and we do not take commission – but we do seek to provide the best possible online real estate buying and selling experience for both home buyers and property sellers.Realestate.com.kh has many ways to help Cambodian real estate agents professionalize their business – at very little cost.Realestate.com.kh can design and build your agency a modern and highly functional website, tailored to real estate agent needs, at very competitive prices – and we also offer leading CRM technology to manage your listings and your real estate sales team. For this reason, Cambodia’s best real estate agencies already have accounts on Realestate.com.kh. To make matters even easier, your listings can be automatically exported to Realestate.com.kh’s listing database at the same time they are uploaded to your agencies website.People come to Realestate.com.kh for one reason – to search for property – and for this reason, they stay on site for a long time, checking the latest properties that suit their search criteria. For agents, there is no need to waste your time and money listing property on other classified websites where user traffic is not related to property.Meanwhile, make more money from your listed properties by inviting international investors to view your listing. Realestate.com.kh has a high level of traffic from international investors, around 30-40% of all traffic, and for those agents that choose “Featured Listings” on our site, we can export that listing to international property portals around the world. ListGlobally, a partner of Realestate.com.kh, is the largest international real estate advertising network in the world and publishes property listings on leading property portals around the world – including all featured listings from Realestate.com.kh.Furthermore, when an agent decides to “Feature” a listing on Realestate.com.kh, we do not allow another agent to request to feature the same listing. This allows you to act as the exclusive agent for that property – as it will automatically be the highest on the property list. Banner advertising on Realestate.com.kh is another great way to drive relevant traffic to your agency’s website.If you are an agent wishing to list your property on Realestate.com.kh, contact us today at info@realestate.com.kh or 017436756 and we'll be happy to help you grow and professionalize your real estate businessthrough our website.
ECC Phase 2 Construction Announced
ECC Phase 2 Construction Announced
June 6, 2022, 5:05 p.m.
Realestate News
See the ECC Featured Listing on the New Developments page The East Commercial Centre (ECC), slated for completion along Norodom Boulevard in late 2017, seeks to create a hub for new business in Cambodia. The interior layout of ECC will reflect the demand of start-ups and international business entrants as office space is available in compact and affordable units, between 33msq and 66msq per unit, with rental pricing as low as $15 - $20 per square meter, and managerial fees less than $2 per square meter. All common areas lighting will be solar powered to further reduce managerial fees and the building’s carbon footprint. The East Commercial Center shall offer affordable and highly practical office space in the heart of Phnom Penh. However, the ECC, a single tower of 38 floors, is part of phase one of a much larger development project. East View, the development that will host the ECC Office tower, will include three 38 floor towers in the first phase of the project, all developed by Eastland (HK) Ltd. The two other 38 floor towers that will complement the ECC tower are entirely residential - the East View Residences. The advantage of having one office tower, ECC, and two residential towers in the same development, the East View Residence towers, is that businesses that buy or rent office space in the ECC tower will be able to live within the East View Residential towers. Living close to your business headquarters is a competitive advantage in downtown Phnom Penh, where traffic congestion is a growing consideration. Also, no time and money spent on transport to your place of work means more time and money for your family, friends and pursuing new business opportunities. The East Commercial Centre (ECC), slated for completion along Norodom Boulevard in late 2017, seeks to create a hub for new business in Cambodia. Since the announcement of the construction of the first phase of the East View Development, namely the ECC tower and the first two Residential towers, Eastland has received great feedback from the local and international market - businesses want to reserve office space in the commercial center and families and business people want to buy units within the first two residential towers. In light of this very positive response and the sense responsibility this has evoked in the developer, Eastland intends to start the second phase of the Eastview development shortly. The second phase will include a business hotel and supporting facilities to meet the ECC’s demand. Some of these additional facilities will include a high-end club, a swimming pool and a full health and gym center. A lot of real estate agents have also shown great interest in the ECC and East View development, and Eastland has confidence that over half of the development will be able to be sold to locals within the Cambodian market.  See the ECC Featured Listing on the New Developments page
Dream Homes: Song Saa Private Island Villa
Dream Homes: Song Saa Private Island Villa
June 6, 2022, 5:05 p.m.
Realestate News
Welcome to Realestate.com.kh's Dream Home Report. Every week we will showcase one of our most luxurious, interesting and unique properties from throughout our listings database. We want to show you the gems of the Cambodian property market. This week we look to Sihanoukville and a set of Island Villa's that will make any beach lover excited. The resort features 27 intimate island villas, uncompromising on luxury and design to reflect the simple beauty of the natural environment. See the full listings here and here Villa 2 is one of only three two bedroom overwater island villas at Song Saa, and the only overwater villas with swimming pools in South East Asia. The island villas offer direct access from the deck area into the sea, as well as perfect views out over the local scenery. It is the perfect place to enjoy a sunset drink with friends and loved ones. Complete with private pools, high-end creature comforts and a world-class restaurant and lounge at the heart of the resort spectacularly positioned just off the island’s shoreline and surrounded by sea. A short stroll on the boardwalk will leave you perfectly positioned to take in dramatic sunsets, seascapes and starry nights. * Vista Bar and Restaurant * Driftwood Bar * Pool-side dining * Large infinity edge swimming pool * Spa and wellness sanctuaries positioned in the rain forest and along the shore * Yoga meditation centre on the shoreline, ideal for yoga at sunrise * Water sports such as scuba diving, kayaking, snorkelling and boating * Ecological programme to experience the areas flora and fauna * An exclusive island boutique featuring designer labels from around the world The villa is available on a sale and leaseback scheme where owners are entitled to 30 nights usage a year in exchange for a return. Located within the Koh Rong Archipelago off the coast of Sihanoukville, Cambodia, the luxurious and idyllic Song Saa Resort spans the islands of Koh Ouen and Koh Bong (known locally as Song Saa – Khmer for ‘The Sweethearts’), connected by a footbridge over a marine reserve which is home to an abundance of marine life including turtles, seahorses and exotic species of tropical fish. With an ever increasing number of international flights into Siem Reap and Phnom Penh, and with the recent introduction of domestic flights between Phnom Penh and Sihanoukville, access to Song Saa Private Island has never been easier. From Sihanoukville Port it is then a comfortable 35 minutes to and from Song Saa Private Island on luxurious speed boats. See the full listings here and here This listing is from Knight Frank Cambodia, one of Realestate.com.kh's latest "Featured Agents". Find out how to become a "Featured Agent" today!
East Commercial Center (ECC) Nurturing a New Generation of Entrepreneurs
East Commercial Center (ECC) Nurturing a New Generation of Entrepreneurs
June 6, 2022, 5:06 p.m.
Realestate News
See the ECC Featured Listing on the New Developments page The Cambodian business sector is emerging like never before, believes CEO of East Land Development Co. Ltd., Mr Sam Yang. However, steps still need to be taken to support innovative startups as they attempt to enter the market.Currently, Phnom Penh hosts a huge population of young up and coming business people. They are fast learners, extremely innovative, connected to world market trends and ideas through an intimate engagement with the internet - and they are driven to start their own businesses. Meanwhile, International companies are increasingly interested in moving an office to Cambodia because investment incentives are some of the best in the region, and Cambodia is located in the heart of ASEAN. However, the current office space market in Phnom Penh is unsuited to the growing demand. These types of start-up businesses are not interested in high grade office space, as rental rates are too high, and instead find themselves adapting villas or flat houses into office space. Yet, these types of office properties include no amenities suitable for modern business and don’t allow the development of micro-business communities and entrepreneurial opportunities that a designated office complex truly nurtures.The East Commercial Centre (ECC), slated for completion along Norodom Boulevard in late 2017, seeks to create a hub for new business in Cambodia. The interior layout of East Commercial Center will reflect the demand of start-ups and international business entrants as office space is available in compact and affordable units, between 33msq and 66msq per unit, with rental pricing as low as $15 - $20 per square meter, and managerial fees less than $2 per square meter. All common areas lighting will be solar powered to further reduce managerial fees and the building’s carbon footprint. The East Commercial Center shall offer affordable and highly practical office space in the heart of Phnom Penh. As a 38 floor office tower, the East Commercial Center will be the highest pure office space development that Cambodia has yet to host, and will include 3 entire floors designated to car parking - a total of 300 parking lots; and an additional floor designated solely for moto parking - all reserved for ECC occupants. Meanwhile, the East Commercial Center will incorporate two entire floors as ‘Business Centers’ - the sixth and 22nd floors - which will be avaliable for all occupants to use. These floors will hold all amenities for businesses, such as a copy center, communications center and various conference rooms - the largest on each floor being a 300 square meter conference room. The East Commercial Center will also call on Donghua Holding Foundation to sponsor entrepreneurs with promising business ideas. This will take the form of an ‘Emerging Markets Fund’ that will offer entrepreneurs and startups discounted office space, ongoing business support and mentorship with the Donghua Holding Foundation, and ongoing assistance in turning their business dreams into reality. The underlying intention of this sponsorship fund is to help young businesses with promise gain traction in the Cambodian market and ASEAN community - even if they may lack the start up capital to support themselves.See the ECC Featured Listing on the New Developments page
"How to Build a Condominium in Cambodia” Conference
"How to Build a Condominium in Cambodia” Conference
June 6, 2022, 5:06 p.m.
Realestate News
Century 21 Cambodia would like to invite you to join an Exciting Conference: The First Century 21 International Real Estate Conference “How to Build a Condominium in Cambodia” on 5th - 6th September 2015 which leverage knowledge and idea by H.E Dr. Sok Siphana, Mr. Kevin Goos, and Mr. Justin Landis.Opportunities: This opportunity is for wealthy land owners to understand how to make millions of dollars by developing a condominium, how to build a brand with your project, and most importantly how to successfully enter the real estate development market in Cambodia. The "How to Build a Condominium in Cambodia” Conference is an opportunity is for land owners, construction companies, and real estate professionals to understand the condominium business model from start to finish. The conference is conducted by industry leaders who share the most important details to successfully develop a condominium, so Cambodians can capture the millions of dollars that are being made in real estate development in Phnom Penh. Why attend this training program: The "How to Build a Condominium in Cambodia” Conference will show you how to make millions in real estate development by learning from industry leaders in Cambodia. If you interested in becoming a real estate developer or want to understand how to make money from Condos then this is the perfect opportunity for you to join and learn the full step- by-step process of “how to build a successful condominium project in Cambodia.”  We offer a comprehensive financial model, partnership agreements, overview of legal aspects for construction, and a full step by step outline for new developers to directly use with their existing projects. We educate new developers about the common mistakes developers make and the do’s and don’ts for developing a condominium in Cambodia.
Real Estate Agent Classifications in Cambodia
Real Estate Agent Classifications in Cambodia
June 6, 2022, 5:06 p.m.
Realestate News
As Cambodia’s property market expands and diversifies faster than ever before, both locals and expats are seeing opportunities in the real estate industry. As a real estate agent your earning potential is near limitless and, meanwhile, the market place is so broad and various, almost anyone can find their sales niche and succeed.In many other countries there are various types of real estate agents with real estate sellers’ licenses suitable to their domain – whether it be rentals, residential sales, commercial, land, high-end, low-end, new developments and so on. In Cambodia, however, real estate agents only need to be licensed by a registered real estate agency. For those that want to become an agent, they must choose what direction to take their career; and for those looking for a property, they must choose what type of agent is best for their property needs. Here’s a guide to the different types of agents available in Cambodia, and why you might or might not want to choose them for your next property search… Full Salaried Agents:Full salaried agents are registered employees at a real estate agency who receive regular pay checks regardless of their sales results. Meanwhile, full salaried agents also generally receive an additional income of between 10 to 15 percent share of the final commission sum when they do sell. The benefits for full salaried agents are that they are guaranteed an income even when the property market slows down and sales are hard – but their commission rates are smaller than some other agents. For agency owners, offering a constant salary to agents may limit their incentive to really chase sales. For property seekers, employing this type of agent may lead to a lower-quality of customer service because they have no exclusivity over your listing if selling, and comparatively low incentives to do what it takes to find you the perfect property if you are buying. The quality of service of this type of agent will depend solely on the reputation of the agency – so choose your real estate agency wisely.Employed Commission-Based Agents:This type of agent is likely the most common way of working in any real estate market. An employed commission-based agent is hired by an established real estate agency and is paid only when they close a sales deal. When they do sell, they will receive around 40 - 60 percent of the total commission share, and the rest of the commission will be given to their agency. After all, they provided the agent with the collateral, leads and listings necessary for the sale. For agents beginning their career, this is an easy way to get started. Why? You will have access to the company’s listings and joint marketing efforts, meaning that no upfront costs or efforts are required from you. You will be rewarded on your success with high commission shares – but if you can’t sell, you won’t make anything. For property buyers and sellers, be aware that while many real estate agencies employ agents on these terms, not all agencies are as good as each other. Therefore, before you hire an agent like this, you must investigate the reputation of the agency that they work for. A good agency will assist you with all aspects of property purchasing and selling - such as inspections, valuations, marketing and legal considerations before and after the sale. Look for a wide set of skills and an intimate understanding of the local real estate market. Don’t settle for less.Freelance Agents:Freelance real estate agents were once extremely common in Cambodia. However, they are now illegal. Any real estate agent in Cambodia must be registered to a licensed agency. As freelance agents were liable for full commission on sales, they were more motivated than other agents to close a deal, and often worked harder to find a mutually beneficial contact between the buying and selling parties. The risk of working with ‘cowboys,’ however was high - freelancers will do almost anything to try and close a deal. The freelancer answers to no one, and no agency. For these reasons, only deal with registered real estate agents in Cambodia.If you are looking for an agent, the first place to look is the Cambodian Real Estate Agent Directory at Realestate.com.kh.
Living the Dream: Gyms Adding Value to New Developments
Living the Dream: Gyms Adding Value to New Developments
June 6, 2022, 5:04 p.m.
Realestate News
Obviously the construction industry is booming alongside the recent explosion of high rise apartment and condominium projects taking place across Cambodia. However, this recent surge in development is also benefiting some lesser known industries, those of which are working toward improving the end quality of these development projects for both buyers and sellers.Some products proving hugely popular to the latest new developments in Cambodia are onsite gyms, health and fitness amenities. A rise in these additional features in new developments nationwide reflects international consumer trends appearing in the Kingdom as they never have before. Speaking with Simon Rapoport, Country Manager of Seara, official importer of Life Fitness exercise equipment in Cambodia and full package gym design and installation professionals, we discover what is fueling this surge in demand for high end amenities within new development projects. “When we install the gym, we add value to the project immediately,” remarks Rapoport, “and we help to maintain trust between the developer and prospective real estate buyers.” As many new developments are being presold before their construction in Cambodia, the end buyer is instilling a lot of trust in the developer to provide all features promised when the apartment, condo or serviced unit finally becomes available for new tenants.  Tales of missing features when the development is finally ready for occupancy are rife throughout the industry – for instance, gym space provided as according to the presale project specifications, but no equipment to be seen at the final launch, or much cheaper branded equipment than first promised; previously touted roof top pools that are cut in final budget considerations; and the arrival of new management of serviced condos and apartments that don’t hesitate to ignore earlier promises of products and services once the project welcomes its new tenants. For this reason, says Rapoport, “the developers we work with increasingly want to see the gym constructed and fitted as soon as possible.” The reason being, “if the potential buyer comes to view the project mid construction, and the gym on the fifth floor has already been fully fitted with international standard equipment, even while the rest of the building remains a work in progress, the buyer has already witnessed the developer fulfilling promises within the presale specs.” Building a gym or sports facility first is an exercise in building one’s credibility in the market: “They’re saying, ‘Count on us – We said we will provide a world class gym, and look, here it is!’” remarks Rapoport. New developers are promising leading brands, such as the Life Fitness equipment that Seara Sports fit and maintain, and they want to prove this to new unit buyers who are voting with their feet across Phnom Penh. Sharon Liew, from Huttons CPL, notes that this credibility gap is caused by a lack of enforcement in the advertising legislation for false advertising surrounding the Cambodian property market: "In Cambodia, real estate marketers are free to misrepresent the development to purchasers without any legal repercussions. In Singapore and Malaysia though, for example, showroom units used to sell the development before it is completed must be exactly the same specifications and dimensions as the completed unit. If not, the buyer has a legal right to challenge the agreement and potentially void their purchase agreement." In the meantime, Sharon recommends buying from developers who include building and unit specifications as well as facilities included in the Sales and Purchase Agreement. Demand for health and fitness products within new developments also marks a clear conceptual desire for many home and investment buyers looking to move to modern home complexes throughout Cambodia. “Those who are buying units in these new developments are not simply looking to buy a home,” believes Rapoport, “they are buying a lifestyle.” “It’s all about health,” says Rapoport, and this concept is becoming cemented in the mindsets of consumers throughout Asia, and increasingly Cambodia. When new buyers see an apartment block that offers an onsite health and fitness center, they see the chance to purchase a better life – one in which daily fitness is guaranteed and doesn’t require navigating the congested inner-city.” For the same reason, new project buyers also desire other inclusive amenities such as cafes, restaurants, communal areas, sports facilities and onsite events. Sam Kiers, from Elevated Realty, notes that many development administrations only allow access to gym and health facilities to fulltime residents of that particular property.  However, a few condominium developments are less strict on these policies and open onsite gyms to family, friends and acquaintances of their occupants. Kiers supports this later trend as it represents an ongoing tool for developers and agents to introduce potential clientele to the building in a positive light.  The traffic an open-gym policy generally includes the type of potential clientele that the developer is seeking – relatively affluent, mobile and clearly interested in the fitness facilities the development has to offer. “Developing sustained interest in any new development is becoming more and more important with the condominium influx,” notes Kiers. And it is not just international developers seeking these features, says Rapoport, who has witnessed a surge in local developers wishing to integrate gyms, sports grounds, pools, and steam and sauna facilities within their new projects. Throughout the market, quality is in demand. And quality does not limit itself to the building alone, suggests Rapoport – “It is intimately connected with the quality of life a new development can conceptually represent.”