Samdech Techo Hun Sen Boulevard has been officially launched this morning, April 3, 2017 in the honorable presence of Samdech Techo Hun Sen.Samdech Techo Hun Sen Boulevard started constructing in March of 2011 under ING Co., Ltd. This Boulevard connects Route 271, Chromos Chrouk (Kbal Tnol), the Boeung Tompun wetlands, and National Road  No. 2 in Takmao City, Kandal province.The Boulevard is considered the largest public road in the city, with a total length of 9,160 meters. Its construction is expected to improve traffic overall and to make travel from the outskirts of Phnom Penh to Kandal easier.Infrastructure has become a major focus point in the development of related real estate in the area and its land prices. Mr. In Setha, CEO of real estate website www.cambodia21.com said, "The price of land there has increased compared to the last few years from when it was just land area and lakes. Nowadays, it holds great potential. Land prices from Road 271 to the international school project ISPP range from $750 to $850 per square meter, and the value of projects from Connor around the International School ISPP to National Road No. 2 range from $200 to $350 per square meter "He added: "Because of the development of good infrastructure and development projects, housing developments like The Element condo project, the residential Woodland project, Borey Peng Hout and Chip Mong are already planning to go there."Development to the south is the best choice for the development of Phnom Penh city. In fact, infrastructure developments like these ease traffic congestions and improves the standard of living around the area. Overall, this is geared towards sustainable development where what once just a lake will become the region’s main trade and investment location.For up to date news and information, visit our news section at Realestate.com.kh now.

Register for FREE to attend the show!Cambodia’s real estate sector is attracting the attention of investors from around the region and the world. The property market has grown phenomenally in last 5 years, and major cities are demonstrating some of the highest urban expansion and population growth rates in the region.Despite remaining an “emerging market”, Cambodia is demonstrating lower risk than this label usually suggests - demonstrating strong fundamentals for property investors and regionally high yields, which has already attracted a multitude of international development companies from around the world to launch projects:Why Invest In Cambodian Property? The Fundamentals:US$ Investment Economy: Invest in the world’s most resilient currency as Cambodia has long been a dollarized economy and will continue to be.Virgin Investment Territory: Enormous growth potential and very positive appreciation trends in recent years.Strong, Sustained Growth in GDP: 5% average for the last 5 years, year on year. No. #21 worldwide in growth, and No. #1 in the region.Secure Assets: Freehold Foreign Ownership Laws that have been successfully supporting investor’s since 2010.Strategic Location: Sandwiched between two strong economies, Thailand and Vietnam; Midway between the world’s largest and fastest growing economies, China and India; and sitting between Australasia and Asia, with trade agreements connecting it to both.Political Stability: The country has had the same Prime Minister for more than a quarter of a century, the longest serving non-royal leader in South East Asia.Trade Integration & Regional Logistics Chain: Joined ASEAN for increased access to regional markets; LDC status gives tariff free access to highly developed markets in Europe and Americas; Cambodia is firmly part of China’s “One Belt, One Road” policy.Improved Logistics: Deep sea port, railways, roads and flight connections around the nation and Asia growing yearly.Retirees’ Mecca: Due to a unique, low-cost quality of life.A Cash Economy: Money flows inside and outside of Cambodia are simple and cost-effective for international investors.Developments of all varieties are rising fast across the nation, giving buyers a wide range of options to choose from, with investment properties suited to all budgets and needs. However, purchasing the right property is an important decision that requires diligence and a full survey of the strength of that financial investment - which can be difficult for those investors residing outside the country.For this reason, Realestate.com.kh, Cambodia most visited and most preferred real estate portal, is hosting the most comprehensive Cambodia real estate show in the nation’s history. The Realestate.com.kh Cambodia Real Estate Show will take place on the 5th and 6th of May 2017 at the country’s most famous Hotel and Casino: NagaWorld.The event will be a one-stop exhibition where buyers can simultaneous survey the country's hottest property offerings and learn the necessities of an informed and secure investment decision in Cambodia.The Creed Group, HLH Group/Camhomes and Graticity Real Estate Development (GRED), Habitat, NC Max World, J&L Property Development, EASTLAND, CORE PPSEZ, DH3, Royal HM trading, Sky 31, Vikirirom Pine Resort, among others, have already booked their booth space.Silver Sponsors of the event: LASTMILE WORKS Co., Ltd and Seara Sports Systems.Seminars and speeches by local consultants will be running throughout the two days to promote understanding of the legal climate in Cambodia and the best ways for investors to manage their property assets in country. Those seminars will have the objective of promoting knowledge and establish confidence in purchasing a property in the Kingdom.Realestate.com.kh’s unique partnerships with marketing channels such as the PropertyGuru Group (Asia’s largest and most visited real estate portal group) and Juwai.com (China’s #1 website for Chinese buyers looking to buy purchase property abroad) will attract serious international buyers for the two day show. Local marketing will also be comprehensive, targeting both the expatriate population and high-net-worth local property investors. The show is strategically being held at NagaWorld Hotel, the first choice for accommodation in Phnom Penh for Asian investors, dignitaries and business people.Mark the Cambodia Real Estate Show in your calendar on the 5th and 6th of May 2017 now and book your flights. Get ready for the biggest property show in Cambodia’s history.Business Cambodia, Bizkhmer, Khmernavi, Sin Chew Daily, B2B, Amcham, Britcham, Cambodia Constructors Association, Cambodian Valuers and Estate Agent Association PropertyGuru, PropertyGuru International, Juwai, Khmer Times and La Reine.For sponsorship or exhibitor opportunities at the Cambodia Real Estate Show, please contact us at info@realestate.com.kh or call +855 98 67 67 82Find the best real estate news on Realestate.com.khRegister for FREE to attend the show!

The Cambodian Valuers and Estate Agent Association (CVEA) will be organizing a public forum on “ Legal Ownership in Cambodia ” for all stakeholders and workers in the real estate sector to discuss topics on legal property aspects.  The upcoming Legal Ownership in Cambodia public event will mainly focus on four significant segments which included:Types of property titles in Cambodia from 1979 to 2017How to transfer property title and stamp duty for both soft and hard titleHow to calculate a yearly property’s stamp duty and unused land taxHow to prepare the property, buying, selling, and leasing contractThe Legal Ownership in Cambodia event will be held on February 26, 2017 from 7:30am to 12:00pm at the Cambodia-Korea Cooperation Center (CKCC) in Phnom Penh.The Legal Ownership in Cambodia forum is open to all real estate industry experts, students, and to the general public in order to promote knowledge sharing and learn in regards to Cambodia’ property ownership laws.Entrance will cost $5 for BBA students and $10 for the general public.CVEA members can send up to three representatives from their company free of charge.For more information and for registration about the Legal Ownership in Cambodia forum,  contact Mr. Moth Vanneth through:  Phone: 069 211 268/ 069 527 944, Email:   vanneth@cvea.org.khFind out more the latest real estate news on Realestate.com.kh

Habitat Condos is one of a kind exclusive luxury condo development in Phnom Penh with only 13 units, located within 14 floors, on cosmopolitan Street 21 in Tonle Bassac – one of the most sought after residential districts, 200m from Aeon mall, and Bassac Lane with its trendy bars and restaurants.To celebrate the close of construction and the upcoming first handover of units to buyers, this coming Thursday 9th and 10th February, the developers of Habitat are cordially inviting prospective buyers to come and visit the completed units.The Open Home event will run from 8am - 8pm on Thursday the 9th and 10th of February. PROSPECTIVE BUYERS ONLY are welcome at the event (this event is not for real estate agents, none to attend). Starting prices for the completed units begin from $232,000 (just $2,600 p/sm).  Habitat Condos, from an investment perspective, offers very few uncertainties and no developer risk. Units are now ready for handover, with guaranteed full freehold ownership upon signing and handover as the strata titling process is completed.Investors will have an asset yielding a yearly rental return rate between 7% to 9% immediately, thanks to the units’ exceptional appeal to those searching for exclusive luxury, stunning design and volumes, and high-end natural materials & finishes, all in secluded privacy while in the heart of Phnom Penh.Constructed to international standards and quality, Habitat Condos meets all embassy employee residence guidelines, with fire, electrical, security and construction standards of first-world quality and safety.All units include beautiful hardwood floors, harvested from sustainable forests in Cambodia by a reputable international company, with full line traceability. Electronic key systems come standard, with CCTV throughout, and fire-fighting systems and codes in place, complemented by smart TV connections and ceiling ducted A/C systems in all units.Also inclusive to the property are dedicated community areas which include a rooftop saltwater swimming pool, gym, and BBQ area on the upper rooftop. The top floor duplex units offer stunning views and benefit from a private direct access to the recreation facilities.And from a capital appreciation point of view, Tonle Bassac is a district where property values show strong resilience thanks to its increasing appeal underpinned by the proximity of Aeon Mall, Naga hotels and casinos, luxury duty free shops, new restaurants, bars, and high end developments.But come and see for yourself on Thursday 9th and 10th - 8am to 8pm. ALL MUST RSVP BEFORE THE EVENT (No Walk-Ins): Matthew Tippetts: Matthew.tippetts@m-invest.capital - 010 927 450Find out more about Habitat Condos today!

At the end of March, local NGO Building Trust International will be hosting the first ever CAMBOO Festival over the course of a week in Phnom Penh’s Freedom Park. The open festival will see 6 of Phnom Penh’s finest Architecture and Engineering universities battling it out in a sustainable building competition, each school’s students designing and building bamboo displays on site for the judges. On top of this, the Festival will showcase the Kingdom's finest environmentally friendly construction and architecture technology. Realestate.com.kh caught up with David Cole, the founder and director of Building Trust International to learn more about Cambodia’s first Sustainable Design fair. David first came to Cambodia to deliver flood resistant housing to communities affected by severe flooding in 2013. Since then he has helped design health facilities, schools, recreation areas and community based ecotourism infrastructure. He lives with his wife and young daughter in the capital and the design office he opened here, COLE Architecture+Design, continues to grow and take on new projects and support sustainable development across the country and region.   1) Tell us more about CAMBOO 2017:The CAMBOO Festival at the end of March will showcase Cambodia's rich natural environment with spectacular bamboo buildings and structures providing spaces for people to get to know local industries and local artisans. While promoting natural products and social enterprises that protect and promote some of Cambodia's best assets: natural landscapes and traditional skills. Six of the top Architecture and Engineering Universities from Phnom Penh are collaborating with us to design and build pavilions for the Festival. Building Trust are hosting an international design competition for the design of the temporary central hall space which will be a main feature of the Festival. The design challenge is already gaining the CAMBOO Festival international exposure. The week long event will host stalls in an eco market space along with shows, demonstrations and daily activities for people of all ages to get involved with.2) What's the purpose of the event?We want to celebrate Cambodia's natural resources and landscape and promote the amazing new industries working with natural products and providing sustainable development strategies that protect and enhance the environment for all those living in Cambodia and Southeast Asia. I work in the field of architecture and development, we are getting asked more and more to think about sustainability. In fact it is this growing interest in materials like bamboo that has provided the name to the festival CAMbodian bamBOO.3) Who is supporting the event?We have the support of a number of organisations doing great work with Ministries of the Environment, Fisheries and Forestry. We also have the support of the Municipality of Phnom Penh who have been kind enough to allow us to use Freedom Park. We are looking for more people and organisations that would be interested in being part of the event holding classes, shows or reserving one of the market stalls to promote and sell their products. We are also on the lookout for companies that may want to sponsor the cause and advertise their brand alongside such a worthwhile event that will attract a diverse mix of people to the central Phnom Penh civic space.  4) How about the architecture competition?Building Trust international have just announced their 7th international design competition which seeks to find an innovative design proposal for a landmark pavilion structure made from bamboo. The bamboo piece will be the centre of a CAMBOO Festival in Phnom Penh, Cambodia this March. The competition challenges architects, designers and engineers to provide a design solution which has the chance to shape the future of building with bamboo globally. This is an open International competition hosted by Building Trust International to encourage wider appreciation of bamboo and its use in construction. The goal is to generate progressive contemporary design ideas that Building Trust international and sponsors can actively work towards. We hope that the event will capture international media attention and perhaps even become an annual event.5) And how can readers join the event?Check out the CAMBOO Facebook event page, as we will post more information of daily events and make sure to keep the end of March free so you can drop by Freedom Park. We look forward to welcoming you there along with many other exciting organisations and brands.This story was a co-production of the Khmer Times & Realestate.com.kh “Property” Liftout. The section is available every Wednesday in the Khmer Times newspaper, with 10,000 copies distributed across Cambodia every day. Contact us today for advertising opportunities in the Khmer Times/Realestate.com.kh Property liftout. James Whitehead, director of content @ Realestate.com.khFind the latest real estate news now on Realestate.com.kh

The First Wealth Management Forum will be held in Cambodia at the Sokha Hotel Phnom Penh, the 16th and 17th of February.The Wealth Management Forum will be a two days comprehensive event, which will merge three major exhibitions: Property Forum, Marketing Exhibition and the Startup Exhibition.It is a three in one event which aims to create a forum in regards to financial education for the general public, give the chance to companies to present their products and services, and to create a network opportunity for entrepreneurs and investors.Miss DEK Davy , who organized the event, stated that in Cambodia the number of financial institutions and companies is increasing however, the overall knowledge in regards to this topic is still unsatisfactory.This forum therefore, has been created with the objective of bringing together various companies to present their products and experts in the field, to promote knowledge sharing and learning opportunities.More than 20 new businesses launched in 2016 will be given free exhibition stands, and the chance to meet potential investors. The event will be divided in eight sessions and will feature several speakers, who will share their experiences and give the chance to the public to ask questions.We are really excited about the event and would like to thank our sponsors for their support: Metfone, Phillip Bank Plc, Canadia Bank and Sovannaphum Life Insurance.Register today: www.wealthbuildingcambodia.com To buy tickets please call: 023 694 4444 / 071 3333 208 Seminar entrance ticket is 25$ and 15$ for students.  Special discount for early bird tickets.Find the latest real estate news now on Realestate.com.kh

Although relatively small, Cambodia’s real estate market scene is filled with industry-related events. It is that time of the year again when developers get the chance to see (or not) the payoff of their efforts and work, reassembled in the form of an award. For the second year in a row, the PropertyGuru Group is organizing the Cambodia Property Awards, which is set to be the biggest and most exclusive real estate awards event in the Kingdom.Last year, the debut event saw over 300 guests and VIPs, and was broadcast live on CTN’s Cambodia News Channel.Bringing together all the biggest developers in town and award them without upsetting anyone must be not an easy task. In order to find out more Realestate.com.kh met with Mr Terry Blackburn, Managing Director of PropertyGuru Asia Property Awards.The Cambodia Property Awards was launched in late 2015 as part of the then 10-year-old Asia Property Awards programme that began in Thailand in 2005 (which later on expanded to other seven countries across South East Asia and in China). Cambodia held its first gala dinner in February 2016, becoming the latest addition to the awards programme last year, which Terry described as “one of the last pieces of the puzzle.”Mr Terry believes that due to the Awards’ long history and earned credibility, they are in the right position to set a benchmark for quality within real estate, on a regional level.Developers of contemporary projects that will be completed within the next 18 months are now eligible to apply. Currently 22 categories are set for this year and each project will be evaluated by an independent panel of judges formed by top experts of the industry. The panel will be supervised by BDO, one of the world’s largest accounting and auditing firms, to ensure full transparency and conflict-free evaluations. But how can the Cambodia Property Awards set the benchmark for quality?Mr Terry explained that each project goes through a thorough onsite inspection, where the panel of experts reviews the viability of the construction and their quality, based on a verified checklist that covers different crucial aspects. This process – from nominations to choosing the winners – takes up to six months. Every real estate development is scrutinised, giving an extra assurance to future buyers. More importantly, based on existing rules of the Awards, developers who eventually win but fail to complete their projects by the established deadline, risk to have their award withdrawn. This gives assurance not only in terms of quality and design of a given development, but as well as its economic viability.Due to his familiarity with other Southeast Asian real estate markets, we have also asked Mr Terry’s thoughts on Cambodia compared to other countries where the Awards operate in, as well as the possibility of a real estate bubble: “In the upcoming months , when majority of the developments will be completed, we should have a better overview of what is being sold for occupation and what for investments. Of course a healthy market implies a high number occupants rather than speculative investments; if this will be the case for Cambodia, then a new wave of investments will come in, if not it might take a while before these projects are sold or rented out. In the latter case however, I do not see an imminent drop in price, since developers often work on tight margins.”When comparing Cambodia to other countries in Asia, Mr Terry stated: “I must say that Cambodia is small but certainly a fast-moving market, with plenty of room for everyone: I particularly see a big potential in the affordable housing, given that the Cambodian finance sector is more consolidated compared to other countries, such as for instance Myanmar, where all the payments still happen in cash and a proper mortgage system is not yet in place.”For developers who are interested in entering their properties in the Cambodia Property Awards, nominations will close on 27 January and entries on 3 February.Find more  real estate news on Realestate.com.kh

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!

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!

A state visit between the  Cambodian government and the Government of the People's Republic of China last 13th and 14th of October 2016 was participated by both Prime Minister of Cambodia and President of China.This visit in Cambodia brought about an agreement and a memorandum of understanding of 31 points related to various fields, including the strengthening of international cooperation, economy and finance (business), taxation, law enforcement, industry and handicrafts, water resource management and  irrigation, environment, and infrastructural construction.Meanwhile, in the afternoon of October 14, 2016, Sun Chanthol – Minister of Public Works and Transport – signed an agreement for 3 major construction projects with China that are expected to begin construction in 2017. The three new projects include the National Highway projects from Phnom Penh to Sihanoukville, National Road project No. 11 from Neak Loeung to Tnal Toteung, and a project for a bridge across the Mekong river, in the area of Kroch Chmar to Steung Trang.National highway Project from Phnom Penh to Sihanoukville:This project will be built and managed by a private company before transferring to the Royal Government. It will be developed by the China Road & Bridge Corporation (CRBC).The whole project will cost a total of about $1,900 million. According to minister Sun Chan Thol, this new project will be serving as a significant, convenient, and fast transportation means for both locals and international visitors moving between the two areas.  National Road Project No. 11 Between Neak Loeung and Tnal Toteung:   This infrastructure project aims to restore the existing National Road No.11 from Neak Loeung to Tnal Toteung that’s developed and managed by the Kwangchow Van An Construction Management Company. The project will cost approximately $98 million and will measure 96,481 kilometers in length and a road width of 11 meters. The Bridge Construction Project Across the Mekong River Kroch Chmar – Steung Trang:This infrastructure project will build a bridge across the Mekong River in Kroch Chmar district, Tbong Khmum province all the way to the Stueng Trang district in the Kampong Cham Province. This project will cost a total of $57 million. It will have a length of 1,131 meters and a width of 13,50 meters.It’s important to note that along with the construction of the bridge, there is also another project being planned as a technical control project over a the bridge in order to control other technical aspects that will be done in cooperation with the Kwangchow Van An Construction Management Company.Among the 31 points in the agreement and the memorandum of understanding between Cambodia and China, there will also be more agreements for other real estate and infrastructure developments that will be done successively in the future such as: Exchange of Note on the Construction Project for Medical Center Cambodia - China Chinese Yuan Loan Agreement for the construction of Road No. 51 Concession Agreement for the development of the Siem Reap - Angkor International Airport Chinese Yuan Loan Agreement for the construction of Second Ring Road City Protocol Agreement for power plants, operating by coal, 450MV power in Sihanoukville Keep up with the latest infrastructure news on Realestate.com.khClick here to download your free copy!

Sihanoukville International Airport (formerly Kang Keng Airport) was established in the 1960s. After the Khmer Rouge period, services in the airport stopped until it started operating again in early 2007. But it wasn’t until 2011 that a scheduled service was formally done.A tri-weekly trip from Siem Reap’s Angkor International Airport began in December of 2011, where it was further adjusted in 2013 to accommodate trips from and across Sihanoukville, Siem Reap, and Phnom Penh.Mr. Sin Chansereyvutha, the Director of the State Secretariat of Civil Aviation said that Sihanoukville Airport is the largest airport in the country, which may be the case for the next 10 to 15 years.He explains that the economy of Sihanoukville had increasingly grown stronger, thanks to the economic contributions of the business sector, industry sector, transportation, imports and exports, and tourism. Sihanoukville is becoming a region of great potential as well for the real estate sector as the region was transformed into a special economic zone. Another important factor is the Sihanoukville Autonomous Port, an international port. This is key for economic growth.In addition, Sihanoukville is also a tourist destination for both local and international tourists, with the Sihanoukville International Airport offering convenience and comfort to travelers.There are also domestic and international flights going to Ho Chi Minh City, Phnom Penh, and Siem Reap, along with options to take private aircrafts and helicopters.The Sihanoukville International Airport also has the same geographical environment as the airports in Japan, Hong Kong, and Singapore, where they are near the ports and the sea.Find out more about new development on Realestate.com.kh !Click here to download your free copy!

Infrastructural projects like railway completions, airport expansions, and road widening have been fast-tracking growth in Cambodia. As a result, the tourism sector is experiencing a sudden surge.  According to the Ministry of Tourism, around 2.7 million international visitors traveled to Cambodia. Leading the herd of visitors are the neighboring Vietnamese, Thai, Chinese, and South Koreans.  So, this is being utilized as a resource towards a better tourism strategy.Anticipation Builds:Though declining to communicate project cost and timeline, Chinese-owned development company Tianjin Union Development Group (UDG) announced last week that a plan to construct a coastal airport has already been finalized and that “a geological survey and initial design work has been concluded for this high-grade international airport.” This is according to a representative from UDG. The representative adds, “The construction is ready to go.”The Union Development Group signed a 99-year lease with the government and has been developing projects in its 45,000-hectare of land concession in the districts of Kiri Sakor and Botum Sakor since 2008. Along with this is the government’s commitment to deny any application to construct new airports in the area, making UDG’s development the main airport of the province.The Bigger Picture:Most of the arrivals into Cambodia go through Phnom Penh and Siem Reap, accounting to around 90 percent of visitor arrivals. In comparison, coastal areas only received 8.8 percent of visitors who mostly arrive either by sea or by land. The developers are hopeful that this move will bring that number up. This airport will be a part of a bigger plan that includes the Dara Sakor Seashore Resort and a free trade zone with ports. And much like the expansion project of the Sihanoukville airport, the construction of the new airport in Koh Kong is expected to address any possible congestion.The airport development will be a part of the UDG’s $3.8 billion dollar plan to turn Koh Kong province into one of Cambodia’s main tourist destinations. Once completed, this airport is expected to bring in planes as big as an Airbus 380 and around 10 million travelers.So, will the construction of the Koh Kong airport allow the province to soar high or struggle to fly? We just have to wait for more details about the project to see.Find out new development in Cambodia on Realestate.com.kh

One of the sectors that have been booming in Cambodia right now is tourism. TTR Weekly reports an increase in tourist arrivals by roughly 3.4% from January to July of this year. In addition to that, 2,756,693 travelers from all over the world visited the country. This not only leaves an impression, but it also provides opportunities for businesses – especially for Phnom Penh, where 24.7 percent of the travelers enter through. This increases demand for better accommodations, especially for travelers looking to stay comfortably while in the country.Grabbing the Chance:One of many big international names clenching onto this tourism growth is the Hyatt Hotels Corporation. Already garnering international praise through 30 countries and 168 locations worldwide, reports have been swirling that – through an affiliate of the company – a management agreement has been entered into with leading Cambodian conglomerate Chip Mong Group to build Cambodia’s first Hyatt Regency Hotel in Phnom Penh.The Chip Mong Group has worked on large-scale projects like The Park Land Sen Sok, and will utilize their expertise on construction materials and real estate for the Hyatt Regency development and construction.Integrating the Familiar:Though internationally acclaimed, Hyatt Hotels Corporation still wishes to incorporate the familiar quality it has brought worldwide into the culture of the Cambodian people and environment. The Hyatt Hotels Corporation Asia Pacific president explains, “As Phnom Penh continues to become known as a destination for art, culture, tourism and business, we are confident that the globally recognized Hyatt Regency brand will resonate with business and leisure travelers visiting the country. Furthermore, we believe the hotel will play a vital role in the city’s development and will become a landmark in the city and a dynamic member of the local community.”In lieu with this, the development will stand among popular attractions such as art galleries, cafés, restaurants, the Royal Palace, and the National Museum.Capturing the NicheEstimated to open on 2020, this 250-room hotel will join existing hotels such as Arunreas Hotel, Raffles Hotel, and Sofitel to provide a complete hospitality experience in Phnom Penh. Plans for the hotel include setting up facilities like a rooftop swimming pool, a bar, a spa, a fitness center, and an amazing view of both the Mekong River and the Royal Palace. It will also cater to the needs of tourists and locals who are in need of services and a venue for exhibits, weddings, meetings, conferences, and social banquets.Find serviced apartments in Phnom Penh!

Phnom Penh has undergone surprising changes in the last decade. Commercial buildings and skyscrapers have been and are being built, turning this once haunting ghost city to one of the newest civilized and modern cities in the world.But the changes aren’t quite done yet. A 78-storey commercial building will rise from the ashes for the first time in Phnom Penh where construction will begin in early 2017. This will add to the estimated 600 existing tall buildings – living up to the Asian Development Bank’s designation of Cambodia as "Asia’s New Tiger Economy.”A staff of the Yung Chung Company who does not wish to be named said that “the building design has been completed, and the construction is scheduled to begin in early 2017. The development will reach total completion by 2021, but its showroom will be launched in November this year.” He added that “this building will be a mixed-use development and will include shopping malls, condominiums, hotels, as well as a swimming pool and a rotated restaurant on the 78th floor.”He continues, “The detailed plans of using this building was completed, but details are still confidential at the moment. This project has already been approved by the Ministry of Land Management, Urban Planning and Construction.”Seng Lot, the spokesman for the Ministry of Land Management, Urban Planning and Construction confirms, “The ministry has already agreed to provide a license for Yung Chung Real Estate to construct a building of 78 floors.”Ann Sothida, director of CBRE Cambodia, said that as far as she’s gathered, this mixed-use business center will be built in the future. But the market is not doing good, and that could cause a delay in the construction of the project. She added that with the company’s innovative approach of the building though, this project should not have any problems in the Cambodian market once it is completed. According to her, the project will be located behind “The Bridge” building, which is near Diamond Island (Koh Pich). However, she did not show the feature details of the plan.President of CVEA, Kim Heang, said that “Investors of the skyscraper project will be through a developer from China. The project will also  occupy a total area of 4,500 square meters and will cost lower than $20 million.” He adds that “if the project owner has enough money to complete this huge building project, it will not be a problem for this market.”Once completed, it will become the 2nd tallest building in Phnom Penh, next to the 133 floor Thai Boon Roong twin trade center which is 500 meters high.Dr. Van Vat, Planning Specialist, explains that Cambodia already has a regulation to limit tall buildings. So, if our law enforcement is good, it will not only protect the heritage in the city, but it will maintain the beautiful sceneries and will minimize the environmental impact as well. He continues to say that normally the construction of  such a high building requires the company to have studied all the technical standards, and the specialist from the ministry has to inspect and go over the construction standards to make sure that the company’s complying with the request or not.He adds that "Having these tall commercial buildings, it is a national pride because it is not only improving the economy, but it also provides employment and income for the people as well."Check out the hottest new development homes and offices!This story was featured in the September 2016 print edition of PROPERTY VIEW magazine, produced by the CVEA.Realestate.com.kh is very proud to support the CVEA’s Property View publication. For more information about joining the Cambodian Valuers and Estate Agents Association (CVEA) please click here. And, if you are interested in advertising placement or advertorial in the next edition of Property View Magazine, please contact Mr. Virith via email: virith007@yahoo.com Or call: 078 959 567  or 098 66 26 68

Whether you are looking for your dream home or buying a property for investment, the place to be is at the CAMBODIA PROPERTY & INVESTMENT EXPO ’16. It is where the latest commercial, industrial and residential properties from top developers are showcased. What’s more, you can get the best deals as there will be special discounts and free gifts offered only at the Expo. Make sure you drop by at the Diamond Island Exhibition & Convention Centre, Koh Pich, from 8-10 September 2016 for the Biggest Property Show of the Year! When you are at the Expo, you can also visit CAMBUILD’16 – Cambodia’s Biggest International Building, Construction and Interior Décor Show for the latest building and interior design products. See the full list of property developments on show at this year's expo and find out how you can join this years event!

The Province of Preah Sihanouk (aka Sihanoukville) is one of the three major economic poles in Cambodia. Sihanoukville is recognized for its numerous valuable resources, including offshore oil reserves, and its strong economic development in the commercial, industrial and agricultural sectors. It is also showing huge potential as a coastal tourism destination: According to Chhit Sengnguon, vice governor of Sihanouk province, there were over 1.3 million tourists who visited Sihanoukville during 2016’s first five months, an increase of around 16 percent compared to 2015. Read full article: “Sihanoukville Property Development Rising Alongside Tourism Boom” According to a recent BayonTV report, in the presentation of the new investment project to the provincial government on 25th July, Mr. Christoph Forsinetti, CEO of KC JSM Services Ltd. said that, “Having seen the potential tourism market in Sihanoukville, the international investment company, KC JSM Services Ltd, has decided to invest in a multi-development project resort along the beach of SES SAR (known in english as White Horse Beach), nearby the Sihanoukville Autonomous Port. And the project will start construction in October of this year.” According to IBC Cambodia, KC JSM Services is a property development company focusing on property development at all stages, from concept design and master planning to property management. Since 2012, the company has worked closely with the Royal Government of Cambodia in relation to policy for the development of the coastal areas of Cambodia, in accordance with the “Industrial Development Policy 2015 – 2025”. “This multi-development project is located in village 3, sangkat 3, of Sihanoukville City; and the new development will occupy almost 60,000 square meters of land area, with a total investment cost of around 119 million dollars,” Forsinetti confirmed. He stated that his company has spent 4 years accessing the environment impact and other potential problems of the planned project before confirming their investment in Sihanoukville, and has provided suitable solutions for all circumstances moving forward. In total, the development will require approximately 2 years to complete all necessary infrastructure. KC JSM Services will offer not only tourism services, says Forsinetti, but also employment opportunities for around 3000 local workers, paying a minimum salary of $200 per month. In regards to this new investment in Sihanoukville, Mr. Van Chanthorn, the CEO TownCity Real Estate, said that there are many big projects underway in Sihanoukville currently, such as the Camhomes project, D’Seaview, and maybe a new airport project underway soon. “This ongoing investment in Sihanoukville will naturally bring more people to live there,” says Chanthorn, “and the price of real estate will also increase in the coming years.” He added that, “This new project, white horse resort, is a very good investment in Sihanoukville because it will bring multiple benefits; One benefit is a direct advantage and another is an indirect advantage.” He explains that this new tourism venture will provide direct benefits to the people of Sihanoukville province in terms of employment and income opportunities. Meanwhile, its will benefit the province indirectly, as the flow-on-effect shall be more investment in Sihanoukville as the tourism industry continues to increase. Chanthorn says, “More visitors are coming to visit Sihanoukville to stay at resorts like this, and these visitors may also consider investment in Sihanoukville real estate in the future.” But Mr. Den Sakal, CEO of Universal Real Estate, a realtor based in the province, stated that this is a very high-end project, and hence it will not benefit the local people because of the very high price of admission. “The purpose of this project is for high-class families and foreigners only,” says Sakal. “The announcements of projects like this focus on the positive benefits of investment in Sihanoukville and dreamy ideals; but the reality in Sihanoukville does not equate to these grand proclamations. Some major development projects in Sihanoukville have become ghost town’s already, and there is a risk that others will too.”   Sakal added that, “in 2015 there was huge investment in Sihanoukville in terms of condo projects, villas and hotels. And at this time, there was still a large demand in the market. However, while investment continues in 2016, many projects now remain empty because of an oversupply in the market after the 2015 boom, and now there is low demand amid buyers.” Despite his pessimism regarding demand for very high-end projects such as the White Horse Beach development, Den mentions that the demand in the real estate market in Sihanoukville does seem to be picking up again generally in the second half of 2016. Images sourced from: www.thekingstrip.com Learn more about Sihanoukville as a real estate destination, and other great insights in our comprehensive investor guides NOW!

PHNOM PENH, Cambodia – 6 July 2016: After a record-­breaking year in real estate and construction, the Cambodia Property Awards returns for a second year to reward the best developers, projects and designs in the Kingdom. According to the latest research by consultancy CBRE, the capital Phnom Penh’s condominium supply is projected to rise by a staggering 794 percent or 19,018 units within the next two years, supported by sustained gross domestic product growth, attractive returns and rapid urbanisation. In another fast ­growing segment, Cambodia’s retail market is set to get a substantial boost with new retail supply coming in from foreign investors hailing from ASEAN Economic Community and East Asia. Those impressive developments will be highlighted at the second annual Cambodia Property Awards 2017, the biggest and most exclusive awards programme in the country that forms part of the regional Asia Property Awards series organised by PropertyGuru, Asia’s leading online property group. The annual real estate event was formally launched to the media on 6 July 2016 at the Empress Room of Raffles Hotel Le Royal, be to followed by an evening launch party at the historic Chinese House on Preah Sisowath Quay in Phnom Penh. With much fanfare and media coverage, the inaugural ceremony that took place on 25 February 2016 at the prestigious Sofitel Phnom Penh Phokeethra was attended by more than 300 high ­profile guests and VIPs, including His Excellency Dr Pen Sophal, representative of His Excellency Senior Minister Im Chhun Lim, who gave the inspiring keynote address. Broadcast live on CTN’s Cambodia News Channel, the 2016 Gala Dinner saw Borey Penghouth Group collect five awards including Best Developer (Cambodia), while Mr Rithy Sear, chairman of WorldBridge Land, was named Real Estate Personality of the Year by the editors of Property Report, Asia’s leading luxury real estate, architecture and design magazine. Other big winners were The Olympia City Development Co Ltd and Urbanland Asia Investment Co Ltd. “Cambodia joins the other leading economies of ASEAN in hosting its own awards programme,” Terry Blackburn, founder and managing director of the Asia Property Awards, said. “It is a testament to the strength and quality of the local industry that we have so many fine developments join our launch year in 2016.” The 2017 event aims to surpass last year’s guest list and the total number of eligible entries for categories covering the condominium, housing/villa, office and serviced apartment segments. New categories to join the programme include Special Recognition in Sustainable Development and the expanded Best Hotel Development category for Phnom Penh, Sihanoukville, and Siem Reap. Nominations are already open and will close on 4 November. Entry is free.Sign Up NowAll entrants for the Cambodia Property Awards can be nominated by a third party, including peers, professionals and consumers, and, if eligible, are rigorously and fairly judged by an independent panel of industry experts, who conduct site visits to long­listed developments in order to determine the official shortlist of nominees comprising one Winner and up to four Highly Commended in each category. BDO, one of the world’s largest accounting and auditing firms, returns as the trusted awards supervisor of the Asia Property Awards, which, in its 12th year, is widely recognised for its fairness and transparency. The official list of nominees will be revealed in mid­January 2017, along with the announcement by the editors of Property Report of Cambodia’s Real Estate Personality of Year, whose influence and achievements resonate across the kingdom.