Everyone needs a warm environment where they can live with their loved ones. So before you decide to buy a residential property, carefully consider a few things first such as its atmosphere, it's construction quality, and its potential for future investment. These are just some of the things that shouldn't be overlooked in the buying process. The Borey Villa Toul Sangke development project has gained popularity mainly due to its success in selling its past projects. It is strategically located in the Russey Keo district in Phnom Penh, Cambodia. They offer residential units such as landed homes and condominiums.The Borey Villa Toul Sangke project includes a variety of villas and condominiums that come in different sizes that you can choose from. Each and every home has been designed by construction professionals with quality and beauty in mind. Attention to detail is obvious. Some of the villas that are available are the Single Villa, Link House, Twins Villa, and Flat houses. Families will  also have the flexiblity to choose the City Sangkeo villa type too, as they see fit.Check out full listing on realestate.com.kh"We think about the quality and the best standard of living for families. The Borey has been completed. For all projects, the Borey is almost sold out. The condo project started construction and is at around 20 percent completion. And an estimated 30  percent had already been booked. We also have a special offer for customers which is a 10 percent discount for owners who have paid off their residential condominiums. At the meantime, the developer also provides ultimate offer that only require customers to pay $ 660 in per month with no interest and no deposit. The Borey Villa Toul Sangke condo project concept is focused on helping locals change their standard of living and pursing a more modern life. It also aims to make you feel comfortable. This residential property is exactly that. It brings a high standard of living, which is fully furnished like a 5-star hotel." This is according to Mr. Andy Kong , the general manager of the Borey Villa Sangke company. Ky Kosal, an employee of a private company, says, "After I saw the showroom of the different projects from Borey Villa Toul sangke and researched about it, I think that this is a good projects because the investment location is just near the new Aeon Mall and because it also has a great future investment potentials."Living in the Borey Villa Toul Sangke project offers a more modern, stylish, and luxurious way of living for you the people you live with, whether it's your friends or your family. The Borey Villa Toul Sangke project also has an extremely competitively-priced condominium development located in Russey Keo. It is situated in the business district, which is really close to the main road, government institutions, shopping malls, riverside, sports clubs, banks, hospitals, schools, and entertainment. More importantly, it's also very near the toul Sangke market.The Borey Villa Toul Sangke project consists of around 174 residential units with various designs, all of which were made with the vision of providing spacious, and comfortable homes for individuals and for families. There are also a range of amenities which include swimming pools, a sauna, a gym, a small market, and a golfing club. So, families are sure they will never run out of things to do and places to go to. Check out full listing on realestate.com.kh

In the process of selecting residential properties, more so than the price, it is important to make sure that it will provide the best standards of living with high quality construction materials to make it ripe for long-term appreciation and future resale or rental value.It is also helpful to consider living with your family in a home that has good environment, and is comfortable and modern. This is what The Penthouse Residence is offering in the heart Phnom Penh. It is an upcoming world-class condominium project that will suit the needs of people who are looking for a more modern flare in their lives.The Penthouse Residence is strategically located in the most desired residential area of Phnom Penh, the capital city of Cambodia. It is the majestic and luxurious condominium project that stands along Sothearos Boulevard, right in front of landmark establishments such as Aeon Mall and the five-star Sofitel Phnom Penh Phukeethra Hotel, and close to many other useful institutions such as embassies and international schools. In addition, this 36-floor tower (about 130m high) is also located close to the Chaktomuk riverside and the fast developing district of Koh Pich (Diamond Island).The developers and contractors have been working hard day and night since the groundbreaking last March 12th, 2016, to ensure that The Penthouse Residence is built according to the highest standards, especially in its foundation work. In a span of just 4 months, the pile boring and foundation work are almost completed. And with the construction going at this rate, it is safe to assume that this project will be finished even before the proposed deadline at the end of 2018.The Penthouse Residence will not only be built with highest quality, lavish decorations, and the safe environment in mind, it will also be built in partnership with many other well recognized construction suppliers includes CPAC by SCG Thailand.The interior designs will be done by Sangiorgio from Italy; the bathroom equipment will be supplied by world class brands such as Grohe and Hafele from Germany, Cotto from Thailand, ToTo from Japan as well as American Standards, which will provide nothing but the best functional and long-lasting products. This helps ensure the project’s safety and build the trust of our customers, now and in the future.According to Mr. Imsouchivy Suos, the assistant project director of The Penthouse Residence, “The Penthouse Residence will offer both great quality and value in real estate market. The project has sold over 50 percent of the units already and has been one of the best-selling condominium projects in Phnom Penh so far due to its prime location, best quality, and reasonable price. We expect to increase our sales to over 70 percent by the end of the year. At the moment, we also offer 5 percent discount and an iPhone 6s for those who decide to book our condominium unit today. Guaranteed Returns of Renting (GRR) will also be offered at 6 percent per year or 18 percent for first 3 years.”For more information please check out the full listing on realestate.com.kh today!

Sino Plaza held a press conference at their showroom in Phnom Penh Friday last week, July 29, 2016, to announce their official launch for bookings.Sino Plaza’s 4 towers will rise to a height of 45-storeys each, located in the south of Phnom Penh city near Beoung Trabek Plaza, Sangkat Beoung Trabek, Phnom Penh.The project started construction in early 2015, and now all foundations are complete, with around $15 million already invested into the construction work. The total project of Sino Plaza is worth more than $200 million and will be entirely finished, ready for occupancy, in 2018.This project is a venture of Cambodian Natural Lucky Real Estate Development Co. Ltd, wholly owned by CYTS (China Youth Travel Services) from Hong Kong and China.According to Oknha Cheng Kheng, executive chairman of CPL, exclusive sales partner of Sino Plaza in partnership with Huttons CPL, "Sino Plaza is actually one of the most sustainable developments in Phnom Penh now. The number of units provides economies of scale for maintaining a development with the most-extensive onsite facilities. The Office Tower will ensure that commute time to work is minimized. Meanwhile, the completeness of the retail mall is unique: with International SPA, Gold Center, Supermarket, International  KTV and restaurants serving cuisine from around the world.”“Considering the convenience, completeness and the high potential appreciation from rental yield and capital, Sino Plaza will be the most desirable development for at least the next five years or more."Oknha Kheng continues to say that, “This is the first ever development in Cambodia that the developer is adopting the foreign method of CSR (Corporate Social Responsibility), allocating a certain percentage of units at a very special price for the Local Cambodians only. Encouraging the locals to strive for a better lifestyle at an achievable budget is a very clever approach. This is the developer’s way of giving back to Cambodian society. The whole tower is actually priced slightly lower than market rate to ensure the affordability for Cambodian with end-user financing and the development ultimately will not be a ghost-town.”Chhoeung Sotheara, head of sales for the project Sino Plaza at CPL, said that "this area is a matured neighborhood with amenities and conveniences nearby, surrounded by embassies and government departments. Yet it is only five minutes away from BKK1 where most international schools and eateries are located. The potential for capital appreciation is very high here."Contact today to find out more.

Singapore – 21 July 2016: SGX Mainboard Listed HLH Group (HLH) has reported strong demand for its first real estate project in Cambodia. D’Seaview, a mixed-use development of 737 residential units, has sold more than51% to date.SEE FULL PROJECT INFORMATION AND INQUIRE TODAY! The project was successfully launched in Sihanoukville (the third largest province in the country) in September 2015 and the groundbreaking ceremony was held in January this year. Following the successful launch and strong demand for its residential units in D’Seaview, the commercial spaces and the balance 51% of its 737 residential units with an estimated market value of US$88 million, are available for sale. Meanwhile, construction is well underway. The contractor has now confirmed that 100% of all piling work is complete for the D’Seaview Project, as of July 18, 2016. Ryan Ong, Director of PH One Development (Cambodia) Limited, stated at a recent press conference on-site, "I look forward to stand here again in 2018, upon the successful completion of this project." One of the key highlight of the commercial spaces is a 10 stories boutique hotel – the first to be built by a Singapore company in Sihanoukville - is the country’s premier seaside destination for international tourists. The hotel will have up to 98 rooms where HLH will seek boutique hotel operators in Cambodia or the region to invest in and operate the hotel. The commercial units of D’Seaview, which includes a good mixture of commercial spaces, retail spaces, two commercial buildings and a grand tower of ten-storey boutique hotel comprising of up to 98 rooms, are scheduled to be completed in Q4 2017, while the residential units for D’Seaview are expected to be completed by 2018. Dato Dr Johnny Ong, CEO and Deputy Chairman of HLH Group, says “This is a highly opportunistic time to leverage on Sihanoukville’s booming growth by expanding and growing our businesses. Sihanoukville’s tourism growth has been on a rapid rise in recent years. There are many international light industrial parks and special economic zone being set up in the province as Sihanoukville is a deep-water seaport. It is also the third largest province in Cambodia with an international airport.” To kick-start the construction of D’Seaview, the Group has awarded the construction project to Yanjian Group (Cambodia) Co Ltd for US$36,797,993.93. Yanjian Group (Cambodia) Co., Ltd is a subsidiary of Yanjian Group Co. Ltd – a global engineering and construction company listed in the Engineering News-Record Magazine as among the Top 250 Global Contractors. HLH will issue a 30% advance payment to Yanjian Group (Cambodia) Co., Ltd for the construction project. The parent company, Yanjian Group Co. Ltd will provide a 40% performance guarantee on the construction amount to ensure the successful completion of the construction. The D’Seaview project is not expected to have any material impact on the financial performance of HLH for the financial year ending 31 December 2016. About HLH Group Limited:HLH Group was founded in Singapore since 1988, from a sole proprietorship providing construction services to a regional property developer and producer of raw and processed agricultural products. It has been listed on the mainboard of Singapore Stock Exchange since June 2000.The HLH Group operates two core business segments: Property Development and Agriculture.Since the establishment of the Group’s Agriculture Division in Cambodia in 2008, it has become one of the largest privately owned cassava plantations in the Kingdom with land size approximately 11,000 hectares. The Agriculture Division is focused on agricultural investment & development, as well as the cultivation of cassava and sugarcane through collaboration with joint-operation partners.A new cassava starch production line was recently added, capable of producing up to 120 tons of cassava starch daily. The setting up of the cassava production line is part of the group’s overall strategy to extend its agricultural production chain downstream from farming to harvesting to value-added processing on our produces. Currently, the factory is producing around 80-100 tons of starch daily.The Property Division, which has successfully completed numerous projects in Singapore since 2001, officially started its overseas property division in 2015 with the launch of its residential brand “CAMHOMES”. It has also unveiled its first overseas mixed development project called D’Seaview, which will be built in the port city of Sihanoukville. The only deep water sea port in Cambodia. Under “CAMHOMES” the Group will aim to launch more high quality and affordable housing developments to target the growing middle income residents in Cambodia.   SEE FULL PROJECT INFORMATION AND INQUIRE TODAY!

The ZEMCH 2016 Conference scheduled for 20th-23rd December is the 5th most important global gathering of green architects, developers and managers for Zero Energy Mass Customized Housing. With their vast academic research background, the community as a world wide operating network tries to present research-based, viable systems for housing as a contribution to curb global warming by green and energy efficient building technology.It's recent back story relates to the December 2015 Paris Agreement with the ambitious Climate Agreement goals inhibiting the increment of global warming to maximum 1 degree C by 2050.  As the overarching theme of this year’s conference based on the Paris Agreement, the buzzwords “implementation” and “action” are the ones that should echo into the future. Hence, the theme of the conference is “Zeroing in on the Paris Climate Agreement - Contributions of Zero Energy Mass Customized Housing”. One focus is how sustainability relates into cost savings for the owners and occupants of residential housing buildings.The organizer, which is the University Kuala Lumpur together with the University of Brighton, is expecting 40 selectively quality contributions of all over the globe, including topics like "Greenhouse Gas Emissions from the Residential Sector or Energy" or  "Efficiency vs. Indoor Air Quality: A Review of Optimal Retrofit of Existing Buildings". The deadline of registration for early birds will closes on the 15th October 2016; bookings through the website: zemch2016.com and  for any information please email ZEMCH2016@unikl.edu.my

Sun Fair Market is set to be the first flea market in Cambodia, with a huge range of consumer goods and materials, kitchen and office equipment, antiques, artifacts and all sorts of other bits and pieces for sale.Sun Fair Market will be launched in early August, this year, and will be open to the public from 8am to 12 noon inside Olympic Stadium, Sangkat Olympic. According an interview with CTN, Mr. Kem Oeun, founder and director of the Cambodia Japan Cooperation Center and the President of the Association of Trade and Investment Cambodia – Japan, said that “Sun Fair Market will be full of used and secondhand goods. By sharing and selling these home goods these can then be reused. It is a common thing in other countries, but it is the first ever in the Kingdom.”Kem continues, “The location for our sales are very good, inside Olympic stadium, and the selling will start from 8 am to 12 pm every Sunday. We hope each market day will bring big crowds to Olympic stadium.”He added that, “this is the Japanese culture concept called ‘Mottaina’ - passing on things which we no longer use or do not need to others who need them, and saving the environmental damage of just throwing the used things away.”Ms. So Chanleakhena, fresh-graduate from Korea and currently working in private company in Phnom Penh, “Yes, I’m extremely excited about this project. For one thing, Sun Fair Flea Market is a way to get rid of things I am not using in a really useful way, either financially or emotionally - and by emotionally I mean, giving them to people in need. My house and room will undoubtedly become more spacious and tidy.”“‘Kill two birds with one stone’ is a suitable expression for this, I guess. Also, this can be seen as a chance for Khmer people to start socializing, understanding and helping each other. I’m pretty sure that the project could evoke our beautiful and priceless ‘culture of helping’, which we used to possess.”Sun Sinett, designer and private company staff in Phnom Penh, agreed with this concept: “When you buy from the fair flea market you’re not helping the big business to get richer and bigger.”“Instead,” continued Sun, “You’re helping your community and saving the world’s resources by recycling! It could be a gathering that you can enjoy networking with neighbors and friends.”According to the Facebook page of Sun Fair market, the profits derived from operations will be distributed to Olympic stadium, 25%, Foundation Leng, 25%, 5% to the Kantha Bopha Hospital and 5% for the Sunrise Japanese Hospital. The remaining 40% will be given to operating personnel.

The Kingdom of Cambodia uses the Cambodian Riel as its primary currency and, unofficially, the U.S. dollar as its secondary.But this may soon change as the tourism ministry urges businesses to facilitate and allow the use of the Chinese Yuan for transactions as part of their “China Ready” plan. This encouragement comes not long after the news that around 2 million tourists from China will make their way annually to Cambodia by 2020.Having close diplomatic and historic relations with the country, Chinese citizens and tourists feel as if they’re right at home when they visit Cambodia because many Khmer people also know how to speak the Chinese language. But this move addresses more concerns than just goodwill between the two countries. Owners from various businesses have a fear of financial losses as a result of fake currencies and the fluctuating exchange rates, according to a recent Cambodia Daily report.Renaud Fichet, co-owner of the Abacus Garden Restaurant and Bar, says that “as long as they come to the place,” he’s fine with trying accepting the Yuan currency. Others aren’t as forgiving of the idea. Penh, says Khemmara Niza, Manager of the Sentosa Silk Shop in Phnom that this may just cause an issue of redundancy. Already seeing trouble with determining fake U.S. money, she says that accepting the Yuan currency may produce the same issue because local staff will not be able to determine its authenticity. She adds, “We don’t really know about Yuan money.”Anthony Galliano, ceo of Cambodian Investment Management, said that, “The government’s “China Ready” initiative makes sense as it addresses the fact that Chinese tourism is the fastest growing and likely to be the number one tourist inflow market for Cambodia.” Yet, Galliano disagrees with the recent encouragement from the ministry: “While encouraging the hospitality industry to accept the Yuan as payment simplifies financial transactions for Chinese tourists, it unfortunately complicates them and heightens risks for the recipient of the Chinese currency. In addition to assuming exchange rates risk, being able to properly identify counterfeit notes, and having to agree rates with generally financially shrewd visitors, the Yuan is not a freely convertible currency and is unlikely to be so in the near future.”Concerns of exchange rates which may lead to losses have also been brought up as a possible result of this.An unnamed local bank manager noted that, “maybe we should be encouraging local merchants to use point of service (POS) digital devices instead - that way, we don’t need to use cash at all of any currency – that would be a better solution to attracting more tourists.”For now though, accepting Yuan is still just an encouragement from the Government. Businesses are still free to choose whether or not they will take a risk or take the plunge and embrace this suggestion.

July 28, 2016 - Phnom Penh, Cambodia Officials have announced that they will be introducing a new category of visa for foreign retirees in Cambodia which will be called “Category ER Visa”. According to the director of the General Department of Immigration, Major General Veasna, this ER Visa entails a minor change in requirements where foreign retirees will have to present documentation from their home country that will prove their financial stability and capacity to live overseas during the duration of their stay. It’s important to note that expatriate retirees already on the “Class E” or business visa will not be required to change their visa type or apply for a new one, but they will be given an option too. Retirees currently residing in Cambodia appear to have no objections to it as well. One retiree, 49-year-old Bruce from Queensland, Australia, currently residing near Wat Phnom, says that this ER Visa is a welcome change, however “most expats staying here will not switch to a retiree Visa unless they have no choice but to do so.” This is probably because business visas have been beneficial because of the lack of enforcement. Many retirees on a business visa have been able to stay for longer periods through a visa renewal every year without actually being employed or owning any business entity in Cambodia.Read more about Retirement Visa in Cambodia here with our comprehensive guideClick Here

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!

The Cambodia Constructors Association (CCA) will soon go on a study tour to meet with the Building Construction Authority (BCA) of Singapore, to visit and learn more about the Building Information Modeling (BIM) on 7th to the 9th of September, 2016. Interested companies may register with the CCA secretariat no later than 20th of August 2016.Proposed Program Itinerary - 8 September 2016 (Thursday):If you or your company interested in joining this tour with the Cambodia Constructors Association (CCA), please contact us Mr. Vutha today on Tel: (855) 60 888 944 | 10 94 76 40 or Email: vuthatim01@gmail.com

The Pokemon augmented-reality smartphone app has become an online phenomenon the world over. It has caused half the world to stop what they are doing and chase mythical creatures on their smartphones, with crazy outcomes... It has led to car crashes, huge public gatherings, trespassing, accidental deaths and even robberies. But lately, it has also influenced the real estate market. Some players are even believing that the sighting of a pokemon might just increase the value of their property for sale or the leasing rate for their apartment for rent…According to a CNBC News report, US real estate agent Jay Glazer, listing a property near Manhattan's Washington Square Park, included in his advertisement for the property that, "I'm fairly certain there is a PIKACHU at this open house, don't miss it." According to News.com.au, Realestate.com.au, Australia’s largest property portal, has also been struck with Poke-fever, with listing descriptions such as this: “Just across the road is a huge park with sporting facilities — and we’ve even spotted some rare Pokemon!” for a property listing in Townsville’s Cranbrook.A two-bed apartment for rent at Playfield Street in Brisbane’s Chermside is said to have an “easy five-minute walk to the busway” and “close by to Marchant Park — Pokemon Go Central”, claims the agent.And according to an atlasobscura.com report, Craigslisters around the world have also begun using their relative proximity to Pokemon “gyms” and “PokéStops” as a marketing message to catch potential new roommates. For example, a couple from San Francisco have an available apartment for rent near an "awesome Pokemon spawn area!", while a Cincinnati property "has pokestops in range."How long until an apartment for rent within the radius of Pokemon stops and gyms command higher rental prices than those without? It seems this crazy question may actually soon be a reality is some of the world's real estate markets under the trance of the new Pokemon Go phenomenon.Rob Levy from Re/Max in Townsville, Australia, notes that, “Especially among the under-35 first home buyers market, yes... When you have 300 identical houses to choose from, why wouldn’t you choose one near a PokeStop?”Will Cambodia be next to fall under the Pokemon spell? If it is, find out what Pokemon are hiding away in your home and you might just get a better price when it comes time to put it on the market...

Realestate.com.kh caught up with Andre de Jong, Managing director of Bosch in Cambodia and Chairman of the Real Estate and Construction Committee of the EuroCham Cambodia, to find out what the European chamber of commerce in Cambodia is currently doing to assist the progress of the real estate and construction industry.In this interview, we find out more about the initiatives being pursued to develop Cambodia’s green building sector.Tell me more about Eurocham's green building focus? Why is this directive so important in a nation such as Cambodia?Green building is currently still under the Green Business Committee which is one of the other working groups of the EuroCham. However, the RECC has recently started to work more closely with the Green Business Committee on this topic. We have two members from the Green Business Committee who are actively joining us.Green building has become an important topic for many countries. In Cambodia, although the concept is still new, there has been a growing interest among not only foreign investors but also local developers to ‘go green’.Recently, there is a worldwide rollout of a new green building certification called the EDGE which is available for free in 125 markets including Cambodia. The concept would be even more receptive and attractive if the government granted tax benefits to developers who adopt the green building processes.The green building concept is becoming more relevant and essential globally. We have witnessed the impact of the climate change over the last decades with the recent years becoming more significant especially in Cambodia where there was a dramatic increase in average temperature, a longer dry season and more rainfall during the wet season. It is important to focus on regenerative solution for the green building that includes green architecture, energy-efficient solutions, and smart technologies that save energy. Smart technologies will play an important role in this development.With the upcoming rise of the Internet of Things, especially in the Asia Pacific, we expect to see more adoption of IoT solutions in the green building process. Learn more about Eurocham’s Real Estate and Construction Committee (RECC) now!Learn more about the real estate and construction industries in our comprehensive Cambodia investor guides!

Cambodia, despite a turbulent modern history, is now respected as one of the most dynamic emerging markets in Southeast Asia. Along with this improvement in its economic stability, many expats who have families and children are also moving into properties in the country.Fortunately for them, the heightened sense of economic importance has also paved the way for the education sector to restructure and enforce new standards of quality. According to the World Bank’s census, the rate for net admission for primary school rose from 81 percent to 95.3 percent in 2014 in Cambodia. But higher education and universities in Cambodia aren’t so far behind in growth either, having thousands of people graduating each year from over 162 institutions.However, expatriates – just like in any other country – should still be careful to consider different factors before enrolling their children in any school. So, here are a few things you might want to consider first before choosing which place to send your kids.Location: There are plenty of international schools in Cambodia, but international schools in Cambodia are more focused on the Phnom Penh area because this is where a large concentration of expatriates are located. But there are also a couple of international schools in other parts of the country that you can take a look at if you’re establishing your temporary home outside the capital, such as the International School of Siem Reap and the Ecole Française de Sihanoukville. It’s important to choose the right school with an accessible location so that children will find it convenient to come to and from your home, given that Phnom Penh can experiences some serious congestion around peak travel times. It also helps in terms of attending school gatherings where parents are required to go.Future-proofing: It’s important to note that public schooling in Cambodia is not something that’s offered to expat students. This is why you’ll see most of expat children going to international schools. But before choosing International schools in Cambodia, you may have to carefully plan out the next few months or years of your life first. It would be helpful to know whether or not you’ll be staying for long and where you’ll be moving to in the near future, because different schools will offer varying curriculums. Some of them might not be accepted in other countries you plan on calling your next home. So, if your family is thinking of moving to Canada or a place with a similar educational system, the Canadian International School has adopted the Canadian K-9 Curriculum in English which is approved and regulated by the province of Alberta to make sure that the school maintains the quality that is consistent to the education given in Canada. Northbridge International School, iCAN British International School and the International School of Phnom Penh (ISPP) are some other Phnom Penh institutions that import international standards of teaching and offer universally accredited qualifications. By ensuring that your child undergoes a curriculum that is compatible with the next country you’ll be travelling to, you’ll make transitions much easier and you’ll also avoid getting into complications such as repeating grade levels. This is also applicable for expatriate secondary students who are thinking of attending universities around the world.Qualifications and Credentials: Some institutions will claim international status but will not have the resources and facilities to prove it. So, taking your time and asking officials from schools should be a vital part in your decision-making process. This way, you can see the facilities and safety standards and also interview them about the experience and background of their teachers. Because international schools in Cambodia are mostly home to children of different cultures, one thing you can look for is a school that has teachers with the necessary experience to lead a multicultural class. On top of checking the school’s physical infrastructure, do a bit of online research and see if the school’s been accredited by any international regulating bodies. An example would be the Northbridge International School which has the Western Association of Schools and Colleges international accreditation.Skills Training: The iCAN British International School is one of the more popular international schools in Cambodia as well because it offers something that’s also essential for children’s growth. More than the academic aspect, they also focus on integrating skills development through their Early Years and Foundation Stage program where students are able to enhance their skills inside and outside their classrooms. Expatriates will find this as an attractive quality because it offers their children something to do while they’re in another country. At this point, they not only develop skills but also friends that will have the same interests as them. Cost: Cost is a vague topic with international schools in Cambodia as tuition fees for different institutions differ widely. Application fees, enrollment fees and capital fees may also vary. These can be attributed to many factors such as facilities, curriculum, miscellaneous charges, quality of education and the competence of its staff. There are schools out there such as Footprints International School which offers great quality but inexpensive schooling for expatriate students up until the 10th grade but may have a different curriculum than what your children may need. So, while institutions that charge more may give you the best education and curriculum, it is important to note that there are inexpensive alternatives that you can consider as well. However, for universally accredited schools you can expect yearly tuition fees anywhere from $5000 per year, up to $30,000.Requirements and Inclusions: In terms of cost, it’s also important to check out what you get in return for the tuition you pay. Some schools offer just the facilities but not resources like textbooks, while others may offer resources but not facilities such as a computer laboratory. A good example would be the International School of Phnom Penh (ISPP) which has a “Bring Your Own MacBook” policy which requires students in the 6th to 11th grade to have their own MacBook. Since “ISPP is a non-profit parent-owned association and relies almost completely on fee income to assure sufficient resources for the school's operation,” there are certain expenses that parents would have to shoulder. These are just a few basic things you need to look at during your decision-making process, but there are other things you can add to the mix to help you narrow the list down even further. Take your time, and make sure you choose the best school for your children’s needs.Learn more about living in Phnom Penh trhough Realestate.com.kh now!

Property valuation is one of the factors that helps determine whether buying a property asset will either enhance or depreciate the value of an investor’s portfolio. Valuation is often done by skilled professionals in the real estate industry to help protect the interest of investors and developers for long-term success.Since Cambodia is relatively new in terms of developing policies to promote proper valuation standards, it still has a few things in need of improvement. This was a topic that was addressed in-depth during a business luncheon entitled, “Addressing the Current Gaps” - which brought key speakers together to provide clarity among the various major stakeholders in the industry.  Speakers included ASEAN Manager of the Royal Institution of Chartered Surveyors (RICS), Salim Aslam, President of the Cambodian Valuers and Estate Agents Association (CVEA), Kim Heang, and Country Manager of Knight Frank Cambodia, Ross Wheble.Macroeconomic and Banking Standpoint:Before anything else, David Marshall, Head of Multinational Corporation and Financial Institutions of ANZ Royal Banks, discussed property valuation from a banking perspective. He states that valuations play a key role in the lending process of the country.Marshall explains, “One of the pitfalls in Cambodian property valuation that I’ve seen is there could potentially be some collusion with valuers in assessing the value of the property, inflating the value, and then the banks lending more money on that property than they should have.”Marshall stresses that, “in order for banks to protect their clients, there is an obligation to ensure that there is minimal loss during investment transactions; and property valuation serves as that safety net for both parties.”Ethical Practices and Transparency Issues:In terms of developing a guideline for quality assessment, Aslam explains that many countries such as Singapore and Malaysia have adopted the valuation standards of the Red Book which have been developed by RICS and widely used in the US and UK.However, he clarifies that this is not something that has been applied in Cambodia as of yet because there are issues of compatibility with the type of government and current economic setup of the country.Heang substantiates this by saying that it is not impossible to integrate this system full at present, but it must be tailored to fit the unique needs of Cambodia at this point of time. “What can be done in Malaysia and Singapore now can apply to Cambodia, but we need to check if it needs something extra to work," he says. He adds that a law on real estate is already being discussed and might be enacted by 2018 to help move towards the end goal of improved valuation policies.When asked how to bring international valuation standards to Cambodia though, Wheble answers by saying that there is a skills gap in terms of educational infrastructure and that there are no real estate qualifications available in-country at the moment. This becomes an immediate issue in accordance with international standards.He believes “with more and more of these training sessions and also in terms of exchanging knowledge between ourselves and through the CVEA,” this will soon improve, especially with the efforts of companies like RICS and Knight Frank who are willing to participate in the development of a better education system for real estate professionals in Cambodia, inside and outside of their businesses direct interests.Calls for Education:Since Cambodia has a shortage of programs to address the gap of knowledge in the valuation industry, Aslam says that, “knowledge, training, learning, and education is one way to solve the gap of expertise,” because Cambodia is a young country in terms of organization. He also says that it may take some time to address these gaps, but as long as efforts are being done, this disparity will soon shrink.Aslam adds that local organizations like CVEA will play a big part in harmonizing this gap to adopt certain Cambodian property valuation standards. Wheble also states that, “promoting real estate as a profession in and of itself needs to become a focus for Cambodia.” New job applicants in the industry have generally gone to university and gotten a degree in finance, law or banking. “What we really need to promote is real estate as a long-term professional career path,” says Wheble.According to Kim Heang though, there is already a five-year plan for CVEA to help in this area. He states that three universities are willing to offer a faculty for a bachelor’s degree in real estate and we will see four-year courses with 30 to 50 subjects being offered soon. The University of Technology in Malaysia is also interested in working with universities in Cambodia to bridge the gap for a two-year associate valuation degree. This will affect how the real estate industry professionals will conduct their business because, as education increases, regulations will certainly evolve and have stricter implementation as well.Insurance and Valuation:On the topic of insurance, Aslam explains that valuers have a pre-requisite of professional indemnity insurance, as the Ministry of Economy and Finance has now released a new regulation requiring this type of insurance coverage.Aslam continues by saying that Cambodian property valuation can be subjective and valuers may end up with different figures based on individual research. In these cases, insurance becomes important as it protects the valuers and their client should there be errors or lapses on their part.According to Kim Heang though, if you’re working with international investors or buyers, some do not require you to have this insurance because they trust you enough. These include buyers from Taiwan and Vietnam.He also says that if you’re very careful with valuation, the insurance seems to matter less. He goes so far as to say that having no insurance can actually help valuers at times because they have nothing to fall back on, and will then be less negligent. But he clarifies that having insurance can actually be good for competition because buyers feel safer with companies that do have insurance.Government support:On the question of whether the government should establish a governing body to overlook issues with real estate and valuation, Heang responds by explaining that there are actually people who do that right now, but there are less than ten under the general real estate and industry department who are able to do it.This is a cause for concern as there are thousands of ongoing and new projects in need of attention. This sometimes makes the management of all issues impossible for the current government department. Although, Heang says that recently the CVEA has served as the right hand for the government whenever possible in this field.Data collection:Another issue Cambodia has with valuation standards is that there is no central database for valuation transactions to serve as the basis for valuers to gauge relative values across the market. However, individual international firms like Knight Frank do their own data gathering through their research teams, using collected sales data.When asked why these firms are not teaming up with local organizations like CVEA in order to form a singular data, Wheble explains that they are actually open to doing so, but not all companies are as open to becoming transparent with their data as Knight Frank.He says that this is stopping progress on this front. Kim Heang says this is due to tax regulation. Some companies do not pay their tax completely and that’s why these companies choose to remain silent with sold price data. But if this is not the case, he says that the CVEA can do the data collection and analysis to be able to create a more centralized database. Having this reference will then affect what professionals use for valuation, as comparable data will be easier to obtain.Marshall closed the luncheon by saying that Cambodia still has much to do for Cambodian property valuation, but they “know that the industry is moving towards more professionalism.” And certainly this step towards a more organized and systematic future will have positive effects on how transactions will be made in the Cambodian real estate industry, and sustainable growth for the greater economy moving forward. Need a Cambodian Property Valuation? We can put you in touch with Cambodia’s best valuers NOW!

Recently, Century 21 Cambodia released it’s Condominium Market Report H1 2016 in Phnom Penh at the Raffles Le Royal Hotel.The release was well attended by various partners, investors, and Century 21 agency managers from across the nation. In the speech of Mr. Kuy Vat, Chairman of Century 21 Cambodia, he mentioned his appreciation of Realestate.com.kh and offered thanks for Realestate.com.kh’s cooperation with Century 21 Cambodia, and the development of the real estate sector in Cambodia generally.“It is with pleasure that Century 21 Cambodia work closely with Realestate.com.kh,” said Vat. He added that, “I think that Realestate.com.kh has become a renowned company in Cambodia. As this company has grown, they have played a very important role in the development of Cambodia, especially within the property market realm.”He also mentioned that in order to have the Cambodian property market continuing its strong growth, stakeholders in the market should partner to develop the industry together for the good of all, whether they are developers, constructors, real estate agencies or media companies. “For instance, Realestate.com.kh is an online marketing company which works to advertise property inside Cambodia on behalf of agents and developers. But, Realestate.com.kh also has a very comprehensive marketing reach outside of Cambodia,” said Vat.“Innovation like this will significantly help our country in promoting our real estate market to foreign investors,” says Vat.Century 21 Cambodia is the exclusive holder of the Century 21 Trademark & Systems in Cambodia and oversees all Century 21 franchise offices across the Kingdom. Realestate.com.kh is the official property portal partner of Century 21 Cambodia, and has actively cooperated and supported Century 21 Cambodia in bringing the Cambodian real estate sector to a wider international market. By doing so, Realestate.com.kh has increased the exposure of Cambodian property to investors across Cambodia and the world. And nowadays, Century 21 Cambodia is working and very hard to develop international networks of investors and agencies in order to take the Cambodian property market to the center of the world stage.Century 21 Global is present in over 78 countries worldwide, and Century 21 Cambodia are currently leveraging these connections to bring new investment opportunities and new investors to the Cambodian market. Vat believes that with strong connections between all stakeholders in the real estate sector, together we can support the long term development of this market.He also believes that development companies with long-term interests in Cambodia will only survive when they work with strong and innovative real estate agencies. “Success may not happen overnight, but if we partner with the right companies it is a matter of time before our real estate industry is very successful,” concluded Vat. Check out more videos about the Century 21 Condo Report from Mr Chrek Soknim, CEO of Century 21 Mekong and Mr Seraj Sutton, Director of Global Strategic Business Development at Century21 Cambodia.

CBRE Cambodia’s recently released report outlines the details of the changes that Phnom Penh experienced throughout the 1st quarter of 2016. The report includes data and analysis gathered from the increasing activity in the land, condominium, office, retail, and serviced apartment markets.Phnom Penh Land Q1 2016Despite a bleak outlook on land prices which is expected to decrease by the end of the year, the land price index has shown a significant increase during the first part of the year all throughout principal districts. Land prices have gone up by an average of 4.8 percent during this time as well. The report also notes that prices in areas like the 7 Makara and the Chroy Changvar districts saw a quarter on quarter increase of up to around 8.3 percent to 8.8 percent. This may or may not be a good thing, depending on which part of the transaction you’re on. This is good for current investors who saw a high return of investment. But this may be an opportunity for future investors to shift their focus to the outskirts of the capital city.Phnom Penh Condominium Q1 2016According to the report, there were 8 projects that were announced at the beginning of this year which ushered in a total of 4,158 additional condo units. This is a staggering 61.6 percent year on year increase. As a result, the average sales prices for condo units across all unit types went up by 4.1 percent.Off-plan prices for high-end units, on the other hand, grew a steady 5.7 percent where Chamkarmon took the lead and contributed 2,900 units or 70 percent of the off-plan condominium sales.Based on the figures as well, a number of newer high-end and middle class condominium unit supply will be from international developers, where China and Taiwan are the frontrunners.Phnom Penh Office Q1 2016While the condominium market saw much of an improvement this past 1st quarter, the office market hit quite a few roadblocks. This caused occupancy rates to diminish by 1.5 percent, despite the construction of 3 new office buildings with a leasable space of 17,260 sqm.But it wasn’t all bad as both Grade B and Grade C office rents rose up to 1.3 percent and 2.6 percent, respectively. In addition to this, the quoted rental prices for Grade A office properties remained stable at $28 per square meter.Taking all these into consideration, as it stands now, the total officespace occupancy rate in Phnom Penh is at  74.4 percent.It’s not all doom and gloom for the office market though as 5 office projects will be available for investors in the near future through the use of strata titles or long-term leases.Construction for these projects started during the early months of 2016 wherein each development had launched off-plan sales during 2015.They’re expected to contribute a net space that’s estimated around 84,000 sqm by 2019. The average asking price stands at an average of $3,475 per square meter where Grade B spaces will take a projected 64 percent of the future office space supply.Phnom Penh Retail Q1 2016While there were a series of activities that showed activity in different real estate markets, retail showed little to none.It remained relatively stable during the 1st quarter but is expected to change in the months to come. One important event to note though is that the Sorya Shopping Center announced a renovation and rebranding project that will relaunch it as the “Sorya Center Point”.Starting off a bit slow this year, the retail supply in Phnom Penh is expected to pick up and grow significantly before 2018 ends. This will be the effect of “a combination of new international shopping complexes and significant retail components within predominantly residential and mixed-used schemes.”One of these is the Parkson Phnom Penh City Center which is set to launch any time during the 4th quarter of 2016.The Parkson Phnom Penh. City Center will have 57,000 sqm of leasable space, alongside Hong Kong Land’s Exchange Square which will have a total of 8,000 sqm of leasable retail space before the 2st quarter of 2017 end.Rents, on the other hand, remained consistent all throughout the 1st quarter, except with rents from purpose built retail malls. This saw a fall amounting to 1.6 percent. Unlike the retail supply, this trend is set to continue as requirement reviews are being done by retailers in terms of pending developments that are set to be delivered within the next 12 months.This will most likely be affected by international brands seeking prime retail locations for different uses. Among the top uses is the Financial and Professional Services which occupies around 9.2 percent of prime mall space and 33.2 percent of prime high-street. Food and beverage doesn’t fall behind which accounts for 14.2 percent of high-street retail spaces and 25 percent of retail malls.The report states that “2016 is set to welcome a wave of new international brands, with active requirements for both prime shopping mall and high-street locations driven principally by Food and Beverage/ Fashion and Accessories retailers.”Phnom Penh Serviced Apartment Q1 2016In contrast to the other markets, it seems as though service apartments had been luckier with an increase in supply that spurred by around 5.6 percent in the first quarter alone.According to the report, a huge factor for this is because of the Grade C serviced apartments coming up to 4,645 units with a recent addition of 246 similar projects. This may be the reason why it is the most prominent Grade type in Cambodia, making up a rough estimate of 71.6 percent of all units, in contrast to Grade A and B serviced apartments that only account for 19.9 percent and 8.5 percent of the units, respectively.This is probably why prime serviced apartment rents remained stable during the 1st quarter where rental rates ranged from $500 per month for a one-bedroom Grade B apartment to $8,000 per month for one of the higher end penthouse units. This is not far from prices during previous months and quarters.This stability also contributes 85.6 percent of the occupancy rate where the majority of the capital’s current serviced apartment supply is located.The report aims to provide insight for investors and developers in order to gauge whether or not to proceed with their potential or ongoing transactions. In the end, it is important to look at this data to form informed decisions and make calculated risks.Check out all listings from CBRE

Sukhalay Hotel on Achar Mean Avenue (now Monivong Boulevard)Amazing Cambodia gather vintage photos of historic buildings across Cambodia and feats of construction that have marked the Kingdom's architectural evolution. The mission of Amazing Cambodia is collecting Cambodian historical images, music,films and other things of cultural importance, and sharing them to everyone domestically and internationally. The purpose in guiding people, especially the young generation, to see and to know how amazing their country was in the past as well as to be proud of being a Cambodian citizen. It is also assisting local people to recall momentous memories about past events, raising foreigners' awareness about Cambodian culture and history and promoting Cambodia's reputation and popularity nationally and internationally. The founder of Amazing Cambodia, Mr. Srin Sokmean, spoke with Realestate.com.kh about his life and his inspiration for Amazing Cambodia.Tell us about your career so far:I have been working as a reporter and editor for a local magazine since I was a senior at IFL. Now I am also working as an English language full-time teacher for a private school in Phnom Penh. On the other hand, I have been an organizer of some cultural events including Amazing Cambodia Photo Exhibition 2013 and the Night of Hope charity concert 2015.What inspired you to start your photo archives?Inspired by my lifelong great passion of local culture and arts, I have been investing most of my free time in doing constant researches on Cambodian past music, films as well as architecture. The 1960s, known as the golden age of Cambodian culture, is my most favorite topic. As I had collected a large number of vintage images, I decided to create a Facebook page named Amazing Cambodia with the initial technical assistance of one of my Facebook friends. The three biggest purposes of the page are to raise Cambodian young generation’s awareness of the country’s glorious past, to review the past memories for the surviving local oldsters, especially those who have been away from the homeland for decades, and last but not least is to promote Khmer culture and history to the world.What your inspiration do this job?Everything is because I do love it from the bottom of my heart - though, I have to sacrifice a lot of money and time. Even without much support, I never give up since I have learned a lot during the process of the research. For example, I know how to improve communication skills with people in that field.My personal inspiring quote is “Don’t give up just because you walk in the right way alone - Appreciate your incomparable talent.”What is your view on Cambodia architecture these days?

More concrete details surrounding WorldBridge Land’s proposed $100 million affordable housing project have surfaced, however the Cambodian government’s involvement in the development remains unclear.In November 2015, WorldBridge and Singapore-based construction company, Straits Construction Singapore Pte. Ltd, announced a memorandum of understanding (MoU) on affordable housing with the government. The company currently has two major condo developments underway: The Peak and The Bridge.Oknha Sear Rithy, WorldBridge group chairman, told Realestate.com.kh this week that although specific details concerning location would be confirmed when the project is launched at the end of this year, he said the development would be located around 17 kilometres from the centre of Phnom Penh. It is unclear if the government has offered land concessions for this project.“For our first project, the company has land and we will build the houses on that land, and sell it to the eligible buyers with incentives and regulatory support from the government,” Rithy said.“In the future, the government may have land available for private developers to develop into public housing projects.”Rithy said the company had been collaborating with the Ministry of Land Management, Urban Planning and Construction (MLMUPC) in relation to the project’s planning stages. “Together with our strong partner, Straits Construction Singapore which has built public housing in Singapore since 1982, we have been working closely with the MLMUPC on the draft regulations for the public housing to make sure that the regulations are responsive to the interests of concerned parties: the buyers, the state and the company,” he said.“There are various forms of public and private partnership in public housing development as stated in the government’s National Policy on Housing.”For this particular project, slated for completion within two years, Rithy said, “We have strong hope that the government will provide us investment incentives including tax exemption and provision of infrastructure connection to the project site in addition to the development of regulations that promote public housing projects.”The houses will range from $25,000 to $30,000, and Rithy added that financial assistance will be available in the form of housing loans for buyers.“We expect that the initial deposit is around 10 per cent of the housing cost, and the buyers can pay the remaining sum in monthly instalments.”“I believe a lot of people can afford that,” Rithy added.In terms of financing options, Rithy said the company would work to ensure favourable loan terms.“Our company will work with commercial banks and hopefully international development banks to make housing financing available and affordable by the low and middle income families. So far, those banks have already been in touch with us to realise such collaboration,” he said.“As for the government’s home-loan financing, it is already stated in the National Policy on Housing though it may take some time before such state financing mechanisms can be put in place. We hope that, in a longer term, the government should be able to play that role too.”Rithy says affordable housing plays a key role in Cambodia’s sustainable development, and is something that is in high demand. “Not different from birds, either big or small, every family needs a proper shelter or a place they can call ‘home’ regardless of their income status. So far, we have seen a lot of developments and supplies of boreys and high-end condominiums, which are good for upper middle and high income households, but are beyond the reach of low and lower middle income families, who also deserve the opportunity to own a home,” he said.“So, there is a real demand from the lower end of the housing market.” The developer – Cambodia Natural Lucky Real Estate, currently building Sino Plaza near Boeung Trabek Plaza in Chamkarmon district – has also recognised the need for affordable housing in the local market, according to a self-published report titled, “Housing a Kingdom: Affordable housing for Cambodians”. The private report, which was recently handed to the MLMUPC, notes: “Affordable housing is a huge concern among young, young families and middle-income group of Cambodians. Cambodians in this segment are increasingly finding themselves priced out of private housing.”In response to this, Cambodia Natural Lucky states that, “10 per cent of the whole

In an effort to connect and empower the real estate, education and business sectors of Cambodia, Realestate.com.kh is very proud to support and sponsor the Phnom Penh chapter of JCI International for its yearly “JCI International Business Exhibition and Entrepreneur Square” event. Who is JCI:JCI is a nonprofit organization of young active citizens age 18 to 40 in 5,000 communities and more than 115 countries around the world who are engaged and committed to creating impact in their communities. JCI members seek targeted solutions to the unique problems in our communities to build a better world, creating global impact. The JCI mission is to provide development opportunities that empower young people to create positive change.Introducing the JCI International Business Exhibition and Entrepreneur Square:The primary objective of the exhibition in Phnom Penh this August is to promote the economic advantages of Cambodia through different businesses and investment opportunities for both the local and international market. This year’s expo focus will center on three different sectors – real estate, food & beverage, and the organic product industry. The organizers are hoping that this event and expo will bridge gaps in the market and create new and strengthened ties among the community of professionals who are interested in or are doing business in Cambodia.What Will Happen at The JCI Expo?Two events will occur simultaneously on August 27th, 2016, at the 5-Star Sokha Phnom Penh Hotel Residence from 8:00AM to 6:00PM to cater to the needs of the participants. The International Business Exhibition will be a premium business expo that will allow 500 people to browse and mingle with over 51 businesses – including various suppliers – who will be showcasing their products and services at their individual booths.Meanwhile, the Entrepreneur Square will be taking place, a premium business seminar that will bring in different industry professionals from each field to talk about the different business opportunities in Cambodia. This event will accommodate anywhere from 150 to 200 high profile participants as there are only limited seats available.Who Can Participate?Both the International Business Exhibition and the Entrepreneur Square events are open to business owners, local and foreign entrepreneurs, local and foreign investors, and business associations.Why Participate in this year’s event?Since this will be an event attended by business entities, suppliers, entrepreneurs and high-profile investors, this may be the best opportunity for you to meet new people and expand your network to form possible partnerships and collaborations inside and outside of Cambodia. It’s also a unique chance to gain exposure for a specific products or services you or your company may be offering. And since there will be a seminar on as well, this is a great time for you to learn new things from seasoned professionals who have made it big in the real estate, F&B, and organic products industries already. At $50 for a seat at the Entrepreneur Square event and just $300 for those who want to secure a booth at the exhibition, you’re sure to get your money’s worth.What if I Want to Sponsor?Garnering support from partners like the the Young Entrepreneurs Association of Cambodia and supporters like the Business Networking International, Cambodia Woman Entrepreneurs Association, and the Cambodian Valuers and Estate Agents Association (CVEA), the event organizers are still offering competitive packages for interested sponsors starting at $1,000. These packages will get your logos on promotional materials, mentions on the event’s social media pages, logos on promotional videos and more.  What if I Have Questions?For interested participants, you can contact Mr. Horm Chanreaksmey at +855 12 540 033 or his e-mail hchanreaksmey@gmail.com. For those who are interested in the sponsorship packages and in public relations, you can contact Mr. Soth Sothearak at +855 17 59 46 19 or you can e-mail him at sothearak2510@gmail.com as well.

A $150 million agreement between the Cambodian and Chinese Governments will see the construction of a huge sports stadium complex - suitable for Cambodia to host the Southeast Asia Games (SEA Games) in 2023.First approved in 2013, the “Morodok Decho Sports Complex” first stage of construction is already around 70 percent complete and is being developed by the LYP Group for around $39 million, according to an RFA report.The “Morodok Decho Sports Complex” is being built on 85 hectares of land in Prek Ta Sek commune, Russey Keo district, inside of LYP Group’s “Garden City” satellite city.The second phase of the sports stadium project is expected to begin construction in 2017 under the management of a Chinese company, with an approximate $150 million funding package provided by Beijing.   Meanwhile, a huge world-class TV antenna, with a total height of 285 meters, will be completed before the year 2023 as well, near Morodok Decho  stadium. To be called "TV Tower", the massive antenna will become the broadcasting center for the SEA Games in 2023. The TV Tower project is invested in by Chinese company Power China Kunming Engineering Corporate Limited, on a land area the size of 6 hectare. This new sports stadium and TV Tower should be another great boost for Cambodia's thriving tourism industry.