Cambodia Real Estate Magazine Issue 8 by Realestate.com.kh

ISSUE 8

R E E

THE PARKWAY YOUR ABSOLUTE HOME CHOICE

pages 10 & 11

CAMBODIA’S MIDDLE CLASS ON THE RISE

REALESTATE.COM.KH’S 2018 SURVEY RESULTS pages 20, 21 & 22

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2018 CAMBODIA REAL ESTATE

LETTER FROM THE EDITOR

CREDITS Editor-in-Chief: Nara Cheng

Dear Readers,

Managing Editors: Welcome to the eighth issue of the

educational systems in order to become

Kingdom’s most widely-read, informative,

more competitive and keep pace with

and comprehensive real estate quarterly.

economic growth.

Jose Rodriguez Senase Carrie Sun Contributing Writers:

Cambodia Real Estate magazine is here once again to give you the latest and

Another important feature of this issue

most important information and advice

is the treatise on design and architecture

Jose Rodriguez Senase

on developments and trends within the

in the the Kingdom’s living spaces. Lately

Cheng Huy Hong

country’s property sector.

developers have been focusing more on the

Kosal Ky

Tyler Lebens

beauty of their properties in order to stand As this year comes to a close, the

out from the pack.

industry continues to move forward with

Parigna Heng

unparalleled success on all fronts. Major

This issue also contains a profile of Poipet,

international property developers have

the bustling Cambodian town on the border

come to the country to spearhead an array

with Thailand. The area is emerging as a

of residential, commercial and mixed-use

serious rival to coastal Sihanoukville in

offerings.

terms of real estate development.

Any worries that the property market would

Finally, this edition takes a closer look at

take a hit in the wake of the July 29 elections

low-cost rentals across Phnom Penh. With

proved to be unfounded, as the Kingdom

more people from the provinces moving

continues to experience one of the most

to the capital for work and education, the

impressive building booms in the world.

demand for cheap housing is growing at an unprecedented rate.

This issue features excerpts from Realestate.com.kh’s yearly Cambodian Real

Thank you for choosing to pick up a copy

Estate Survey, which illustrates that an

of this issue of Cambodia Real Estate

increasing number of the Kingdom’s over 16

magazine. Stay tuned for our next edition in

million inhabitants are a part of the middle

the next few months.

class.

Jozel Ann Esguerra Sales & Marketing: Tyler Stuart Nin Kang Linda Sorn Su Mey Limeng San Sotha Vatey Mom Kimsuo San Publisher: Image Printing Special Thanks: The Realestate.com.kh Team For more information please contact us at:

Industry insiders have confirmed that

info@realestate.com.kh

growth is expected to carry on in the foreseeable future. However, many say

Art Directors:

Nara Cheng

that the property sector needs to adapt to emerging technologies and improve

Browse almost 50,000 properties from over 150 agents and the leading property developers

+855 (0) 17 436 756 +855 (0) 69 436 756 +855 (0) 18 616 8888

2018 CAMBODIA REAL ESTATE

LETTER FROM THE CEO Dear Readers, This issue of Cambodia Real Estate magazine takes a look

While most investment was previously concentrated in

at the Kingdom’s real estate industry as we near the end of

Phnom Penh, Sihanoukville and Siem Reap, the building

2018. Most property experts predicted healthy progress at

boom has spread to the provinces of Kep, Kampot and Koh

the start of the year and, sure enough, they were right.

Kong, as well as the border towns of Bavet and Poipet.

July 29’s national election had little effect on the supply,

Realestate.com.kh remains at the forefront of the Cambodia

sale or demand for apartments, condos, villas, flathouses,

real estate industry. Working alongside the Ministry of

shophouses or other real estate within the country. The

Economy and Finance and the Cambodian Valuers and Estate

industry continues to roll forward with little sign of losing

Agents Association, we hosted the inaugural Cambodia Real

steam.

Estate Awards this year. On October 19 and 20, we will be hosting our third show, Expo 2018, at NagaWorld Hotel and

During the first half of this year, the Ministry of Land

Entertainment Complex. This year’s event will be even bigger

Management, Urban Planning, and Construction approved

and better than the last two iterations.

1,643 construction projects worth US$2.1 billion. If current trends hold, the Kingdom is set to break records this year for

On behalf of everyone at Realestate.com.kh, I wish to thank

both the total number of approved projects and the amount

our readers, clients and partners for their invaluable and

invested in construction.

continuing support. I hope you enjoy reading the eighth issue of Cambodia Real Estate magazine.

Early signs show this growth should continue for the next several years. Inflows of investment from China, which are largely fuelling the boom, are continuing unabated. Additionally, growing spending power within the emerging middle class has provided a ready market for middle- and

TOM O’ SULLIVAN

low-range condominium developments.

CEO, REALESTATE.COM.KH

WHO WE ARE 30

Established in 2009, Realestate.com.

property investors from all over the

team based in Phnom Penh who are

kh is Cambodia’s leading website for

world.

ready to serve our customers anytime!

Meanwhile, property sellers can

We seek to provide the best possible

list their properties on our website

online real estate buying and selling

Our website lets users search for

and receive direct sales and rental

experience for both home buyers and

properties based on location (by city,

inquiries. And if you don’t know how

property sellers. Contact us today at

sangkat and khan), property type and

to use the website to upload, we can

info@realestate.com.kh or 018 616

price range. A lot of these users live

even help you do this. We have a

8888

in Cambodia; however, we also attract

dedicated expatriate and Cambodian

property buyers and sellers. We are Cambodia’s home of real estate.

TABLE OF CONTENTS 10

THE PARKWAY Premier mixed-use development in the heart of Phnom Penh

995 HOME ENTERS CAMBODIA Taiwan’s top property management firm ventures into the Kingdom’s real estate sector

LINGNAN GARDEN Posh, international-standard garden community adorns the capital

THE SEAGATE SUITE The makings of a landmark in Sihanoukville’s Victory Beach

CAMBODIA’S MIDDLE CLASS ON THE RISE Realestate.com.kh’s Cambodia Real Estate Survey 2018 finds an increasing number of middle-class Cambodians

INSIDER ANALYSIS Future of Cambodia’s real estate industry post-election

ARCHITECTURE TO IMPROVE LIFE Design’s role and influence on the quality of life

INAUGURAL CAMBODIA REAL ESTATE AWARDS 2018 Historic and trailblazing event was a huge success

POIPET: NEW REAL ESTATE BOOMTOWN Border town rivals Sihanoukville in real estate development

UNDP SUPPORTS PPSEZ’S HOUSING PROJECT

PPSEZ’s affordable housing project gets help from United Nations agency 46

PHNOM PENH’S MOST SOUGHT-AFTER DISTRICTS Report identifies areas in the city where most people want to buy property

H O M E F I TN E S S C O N S I D E RA TI O N S The factors to consider when buying home fitness equipment

BRCM SPONSORS CREA 2018 Top investment firm supports this year’s biggest event in Cambodia’s property sector

THE SIEM REAP ANOMALY Despite property boom, rentals are down in Cambodia’s leading tourist destination

HUN SEN BLVD: FAVOURITE AMONG DEVELOPERS Numerous big-ticket property developments are situated along the new road

LOW-COST HOUSING IN PHNOM PENH A look at cheap housing in Cambodia’s capital city

2018 CAMBODIA REAL ESTATE

FEA TURED P RO PERTY

THE PARKWAY YOUR ABSOLUTE HOME CHOICE

The Parkway Group and Daxin

and Parkway Square, all owned by the

high-quality construction materials and

Engineering Group have teamed up

Parkway Group, serve as landmarks of

modern glass curtain walls.

to build and develop an extensively

Phnom Penh.

grand project, THE PARKWAY.

With a complete range of facilities The Parkway Group has collaborated

for luxurious living such as a sky bar,

The Parkway Group is a leading real

with the firm that designed the Beijing

infinity pool, sky garden, and function

estate brand in Cambodia with 24

National Stadium, a top Singapore

room, THE PARKWAY will draw

years of experience developing various

interior design firm and a Luban

international celebrities, overseas

international-standard residential and

Award-winning construction firm to

returnees and famous personnel to

commercial estate projects. Borey

create a modern, luxurious lifestyle

make it the capitalâ&#x20AC;&#x2122;s premier space.

Rith high-end estate, Big A market

environment implementing the use of

Early this year, THE PARKWAY won six

CAMBODIA REAL ESTATE 2018

FE A T U RED P R O P ER TY

awards at the inaugural CREA 2018, including the Mixed-Use Development Award and Office Development Award. THE PARKWAY has supermarkets, entertainment spots, and fashion shops within its more than 10,000 square metre business area. Convenience is at your doorstep, with Aeon mall 2, TK Avenue, and Chinese Commodity Wholesale Center only 10 minutes away. Additionally, the best Chinese private school in Phnom Penh, Beijing International Academy, and the best college in Cambodia, Royal University of Phnom Penh, are close by. Furthermore, within 800 metres, you can find Zaman International School and Western International School, which cater to all levels from kindergarten to college. Apartments range from 50 to 88 square metres and are equipped with kitchen appliances and decorating furnishings from world-renowned brands to create stunningly beautiful mansions for high-class living. Office spaces range from 60 to 1,200 square metres and provide varied, cosy and ultra-modern arrangements for business elites.

Consulting project details: Tel: 076 886 9999 wechat ID: REAKH 2009

View the Parkway listings on Realestate.com.kh.

2018 CAMBODIA REAL ESTATE

CAMBODIA REAL ESTATE 2018

2018 CAMBODIA REAL ESTATE

AD VERTO RIAL

995 HOME B R I N G I N G TA I WA N ’ S T O P H O U S I N G MANAGEMENT FIRM TO CAMBODIA a dozen employees and provides three language services, including Chinese, English and Khmer. 995 Home is mainly working on property rental and management services, similar to what every real estate agency is doing. REAKH: What was the main reason 995 Home chose to invest in Cambodia? Henry Lu: Compared to other countries in Southeast Asia, Cambodia has a greater potential for economic Established in 2011, 995 Home

In order to gain more insight into 995

development. We were also drawn by

is one of the top real estate

Home, Realestate.com.kh conducted

the people and culture of the country.

companies in Taiwan. The company

an exclusive interview with Henry Lu,

The Cambodian people are kind and

primarily offers rental and property

CEO of 995 Home.

most of them get along well.

than 1,000 houses in different parts

This interview was partially edited and

REAKH: There many real estate

of Taiwan under its care.

condensed for length and clarity.

companies, local and international,

995 Home comes with a vision to

REAKH: Can you briefly introduce your

upgrade the standard property, create

company?

management services, with more

in Cambodia. Why should customers

a blueprint for happiness and peaceful

choose 995 Home? Henry Lu: First of all, from my

living, and become Taiwan’s first rental

Henry Lu: Established in Taiwan in

perspective, we are looking at win-

housing service management brand.

2011, our company, at present, has

win solutions for landlords, tenants

over 1,000 houses in Taiwan, including

and companies. We emphasise good

Since its founding, 995 Home

more than 700 in Taipei, and more

income for landlords and quality

has provided top-tier services

than 300 in Taichung. Properties under

stays for tenants. When we rent out

to homeowners, home buyers

our company’s management have a

properties, we make sure that tenants

and renters, gaining for itself an

combined value of approximately five

are taken care of, which makes them

outstanding reputation.

billion Taiwan dollars (US$160 million).

happy and encourages them to stay

Of the 1,000 property units, we own

longer.

Last year, 995 Home entered the

more than 100 of them. 995 Home has

Cambodian property market. In the

been operating for more than seven

REAKH: What has 995 Home achieved

Kingdom, 995 Home is working with

years. In the beginning of last year, the

in Cambodia so far?

the developers of Precious Ruby, and

company established a branch office in

VIA Residence.

Cambodia. The Cambodian office has

CAMBODIA REAL ESTATE 2018

Henry Lu: We are working with the

A DV ER TO R I A L

developers of Precious Ruby, and VIA Residence. Before entering into Cambodia, I heard their occupancy was not high, only about 20 percent a year. However, after we took over the Precious Ruby, the occupancy rate peaked at 90 percent. According to a local agency, it was originally estimated that it would take four to five years to rent out the building. Under our watch, it only took six months, and the building remains full. information, monthly income, monthly

the past four years. The Cambodian

We provide excellent property

expenditures, and other pertinent

real estate industry is not mature yet,

management services to our clients,

information are recorded. Secondly,

resulting in many inconveniences and

and we wish to thank them for trusting

you can check if you have received the

disputes. For example, when an expat

us to take over the management of

money via online banking.

buys a house, he/she then becomes

their properties. In the future, we

an “orphan landlord”, a situation where

want to work with larger property

REAKH: What are your company’s

no one will rent or help them rent out

developers.

plans for the future?

their house. We set up a company

REAKH: What are the strengths of the

Henry Lu: We are promoting our

“orphans” solve their problems and get

company? What makes it successful?

Online Property Management

out of their dilemma. We want to help

App. This app is available to both

them, at the same time ensure that

Henry Lu: 995 Home possesses three

owners and tenants. It is also closely

tenants live comfortably. We will see

major strengths. The first one is our

connected to Realestate.com.kh. If

more developments in the future.

corporate culture. We give customers

a landlord posts the information on

a sense of happiness, satisfaction,

Realestate.com.kh, we follow it up

REAKH: 995 Home has been working

and direction. Our listed houses are

and then negotiate to manage the

a lot on marketing and publicity, which

rented fast, with rental values above

property. This app is still in the testing

involved collaboration with Realestate.

the prevailing market rate. This is the

stage and will be officially launched by

com.kh. What do you think about this

main reason why many landlords,

the end of the year.

partnership?

REAKH: What do you think about the

Henry Lu: We are very happy that

Cambodian real estate industry?

we have the opportunity to work with

branch here partly to help these

developers, and investors prefer us. The second is our company’s adherence to the one-stop service

you. Through this partnership, we are

concept. For example, everything-

Henry Lu: Presently, the property

confident we will become more well-

from the initial purchase of the house

market is booming. We came here

known. Your magazine and marketing

to renting it – is arranged by us. The

to be part of it and help the market

campaign are very professional.

landlord does not have to worry at all.

grow. We want to become a part of the

We are very happy to work with

success of the Cambodian real estate

professionals like you. We are looking

industry.

at a strong and continuing partnership

The third strength is our use of modern property management

well into the future.

technology by means of the Online

REAKH: Can you talk about some

Management App. It is a simple and

of your experiences as part of the

useful technology where you only

Cambodian real estate industry?

need to do two things. First, you log on to the app where the rental

Henry Lu: We have been here for

View 995 Home property listings on Realestate.com.kh.

2018 CAMBODIA REAL ESTATE

FEA TURED P RO PERTY

LINGNAN GARDEN C R E AT I N G A N I N T E R N AT I O N A L-S TA N D A R D GARDEN COMMUNITY

Cambodia is one of the fastest-

China, Japan, Korea, Malaysia,

total investment.

growing economies in Southeast

Singapore, Thailand, and the United

Most of the Chinese capital came with

Asia. In the last decade, Cambodia

States are among the top property

the One Belt, One Road policy, which

has experienced unprecedented

investors in Cambodia. In the last few

primarily seeks to strengthen trade

economic growth averaging almost

years, China emerged as the leading

linkages between Europe and Asia.

seven percent annually.

investor, sinking billions of dollars into

Cambodia is an important partner in

the Cambodian property sector.

the China-led initiative.

is most evident in Phnom Penh,

As of October 2017, China has

One major investors is Zhongjian

Sihanoukville, and Siem Reap, coupled

invested a total of US$12.57 billion in

Hesheng Properties Co Ltd. The

with relative political stability and a

Cambodia, which accounts for 36.4

company has grown to become a

business-friendly environment, has

percent of the Kingdomâ&#x20AC;&#x2122;s foreign direct

leading property developer in China

made the Kingdom attractive to many

investment (FDI). Investment in real

and overseas with total assets of

investors, including international

estate topped more than $1 billion,

nearly 10 billion yuan (US$1.5 billion)

property developers.

which roughly equals 10 percent of the

and more than 200 employees.

Cambodiaâ&#x20AC;&#x2122;s success story, which

CAMBODIA REAL ESTATE 2018

FE A T U R ED P R O P ER TY

The company also has interests in

living. Occupants of all units will have

transportation, construction, and other

Lingnan Garden occupies more than

rare, picture-perfect views of the

businesses.

2.1 hectares of prime lot, and after

Bassac River, Phnom Penh and its

completion it will have a total of

surrounding areas.

The company is bringing Lingnan

160,000 sqm of living space, of which

Garden to Cambodia, a brand new,

more than 30 percent is devoted to

Whether you are buying your first

garden and community-centred

greenery and trees, where people can

home or purchasing for investment,

development.

relax after a busy day and interact with

Lingnan Garden is simply the best

one another, while shielded from the

choice. Lingnan Garden provides an

blazing heat of the sun.

excellent investment opportunity

Lingnan Garden is perfect for people who are environmentally conscious

to would-be buyers. For any unit

but also put a premium on privacy,

The one-of-a-kind, stunning garden at

purchased this year, buyers will have a

comfort, luxury and convenience.

Lingnan Garden provides the comfort

Guaranteed Rental Return (GRR) of as

Many young professionals - both local

and light that everyone needs in life.

high as 12 percent in two years.

and foreigner - fall into this category.

The ultimate goal is to make Lingnan Garden an “Oasis of Comfort and

Lingnan Garden held its grand opening

Lingnan Garden is ideally located near

Luxury” amidst the din and bustle of

on August 5. Phase one is sold

Phnom Penh’s central business district

the city.

out, while sales for phase two have

in an area of Dangkao District, less

commenced.

than one km away from Hun Sen and

Scheduled for completion and

Monivong boulevards, two premier

handover in 2020, Lingnan Garden will

Consulting project details:

investment hotspots in the city.

have three types of luxury apartments

Tel: 017 436 756

and condominiums built over 33

Wechat ID: REAKH 2009

Nearby is an excellent string of

floors. Each unit will have anywhere

amenities, which include embassies,

from one to four bedrooms and range

ISPP, the Royal Hospital, Aeon Mall,

from 48 to 145 square metres. All

restaurants, banks and ATMs, markets,

units will have balconies.

cafes, mini-marts, transportation hubs, sports facilities and hotels. PH

Occupants and their guests will have

Diamond Mall and PH Eco Mall, two

special and free access to an infinity

major shopping centres that will open

pool, clubhouse, gym and more than

in 2021, are also a short distance

1,300 underground parking spaces,

away.

among other amenities of modern

View Lingnan listings online at Realestate.com.kh.

2018 CAMBODIA REAL ESTATE

FEA TURED PR O PERTY

THE SEAGATE SUITE H O L I D AY H O M E O N V I C T O R Y B E A C H

Sihanoukville is one of Cambodia’s

massive foreign investments have

be located nearby. Formerly a paradise

most important trade and urban

largely fuelled the boom.

for backpackers, Victory Beach

centres. From a backwater port

remains popular to this day.

carved out of the jungle in the

Never to miss a golden opportunity,

1950s, Sihanoukville transformed

KHCN Investment & Development

Construction is ongoing, with the first

itself to become the “Rising Star of

Co Ltd brought The SeaGate Suite, a

floor approaching completion this

the Southwest”.

mixed-use development which is set to

month. The SeaGate Suite is expected

become an iconic coastal landmark, to

to be completed by 2020. Construction

the market.

is being undertaken by China

Sihanoukville’s rapid and continuous economic development is mainly due

Construction (S.E.A) Corp and Thoroni

to a few factors. The presence of

The SeaGate Suite ideally sits on

Cambodia’s sole deepwater seaport

Victory Beach, an area billed as

(Sihanoukville Autonomous Port),

the next CBD of Sihanoukville. This

The SeaGate Suite, with 45 storeys and

Sihanoukville Special Economic Zone

means that in a few years, a bevy of

covering 100,000 square metres of

(SSEZ), robust tourism growth, and

commercial and business activities will

land, is one of the tallest and largest

CAMBODIA REAL ESTATE 2018

Real Estate Company.

FE A T U RED P R O P ER TY

residential development projects in

of the occupants, is also part of the

casino, cinema, helipad, KTV, bar, and

the Kingdom, offering a 360-degree

package.

an art gallery.

view of the city and ocean nearby.

The projectâ&#x20AC;&#x2122;s location also means that Following the Smart Home concept,

it is close to many hotels, restaurants,

The SeaGate Suite is composed of

the air conditioning, TV, music, security

and other amenities.

1,118 studio rooms and condo units

cameras, water heating and lighting

of varying sizes and features. The size

system of each unit will be operated

Sales commenced in December last

of studio rooms will be 31.21 square

via mobile app.

year, with units sold for a starting

metres, one-bedroom units range

price of $70,000. The SeaGate Suite

from 60.15 square metres to 88.62

Ensuring the safety of occupants

guarantees rental returns of up to

square metres and two-bedroom units

is of paramount importance to

eight percent per year. The developer

will measure 113 square metres.

the developers. Thus, there will

also shoulders the 10 percent sales

24/7 security, and each unit will be

tax in the event the buyer resells the

Buyers can choose from six different

equipped with built-in security features

property.

interior designs: Northern European,

like hose reels, smoke detectors,

Minimalist, Southeastern, Luxurious

sprinklers, fire extinguishers, and

Consulting project details:

Baroque, New Oriental, and

emergency sound alarm.

Tel: 017 436 756 Wechat ID: REAKH 2009

Neoclassic. The Northern European concept, which is similar to what you

The SeaGate Suite also features a

will see in Scandinavian countries like

700-sqm infinity pool, private meeting

Sweden and Norway, is fully-furnished

hall, shopping centre and market, fully-

and comes with free designs.

equipped gym, spa, sauna, restaurants, business centre, multi-function

Furniture, built to the likings and tastes

View Seagate listings online at Realestate.com.kh.

conference room, banquet hall, luxury 2018 CAMBODIA REAL ESTATE

ED I TORI AL

CAMBODIA’S MIDDLE CLASS ON THE RISE A N E X C E R P T F R O M R E A L E S TAT E .C O M . K H ’ S C A M B O D I A R E A L E S TAT E S U R V E Y 2 0 1 8 Access to market data, information

were compared with those from last

of the emerging middle class in

and trends is most important to

year’s survey. While the full report covers

Cambodia. This ultimately means

any real estate market. Developers,

a wide range of perspective on the

purchasing power and affordability is

investors and home buyers require

market, including purchasing power,

increasing. People whose income is

trusted information sources when

affordability, general market sentiments,

less than $500 per month decrease

they are considering to purchase

buyer behaviour, location preference,

and represented 16 percent of poll

property or invest into a market.

finance, real estate market information

takers (vs 28 percent last year), those

Aside from being a real estate

and real estate industry feedback, this

between $501 and $1,000 increased

website, Realestate.com.kh is also

article includes some of the insights and

to 25 percent (vs 22 percent last year),

one of the largest real estate data

data generated.

18 percent between $1,001 and

collection sources in the Cambodian

$2,000, 11 percent between $2,001

market. The annual consumer

The full Cambodia Real Estate Survey

and $3,000 and 5.69 percent between

sentiment survey has become

2018 report is available for download

$3,00 and $4,000. At the top end

an important reference point for

at Realestate.com.kh

of monthly income, 7.88 percent of

developers, agents, investors, home

respondents reported monthly income

buyers and other key stakeholders

of over $10,000.

in the Cambodian real estate industry.

Affordability

This article has been excerpted from Realestate.com.kh’s Cambodia Real

Similar to last year’s house hunters, Purchasing Power

Estate Survey 2018 where over 2,000

those this year generally believe property is affordable in Cambodia

respondents were asked a range of

The average monthly income of

as 59.49 percent of respondents

questions in relation to the property

respondents was materially higher

marked very affordable, affordable

market in Cambodia. The numbers

than last year which is a reflection

or moderately affordable. This is

CAMBODIA REAL ESTATE 2018

EDI TO R I A L

half of respondents (42.91 percent)

of the 74 percent of responders that

expect to pay less than $50,000 for a

intend to purchase property within

property which is slightly higher than

the next 12 months, 78 percent of

the 2017 result of 41.50 percent,

Cambodia property buyers intend on

21.89 percent expect to pay $50,001

purchasing a property for $100,000 or

to $75,000, 13.18 percent between

less.

$75,001 and $100,000. Moving into the higher property ranges, 14.43

The results of the 2018 survey show that The majority of people (74.25%) believe that now is a good time to purchase a property in Cambodia and intend to purchase within the next 12 months

Buying & Selling

percent of buyers expect to pay between $100,001 and $200,000,

Buyers have remained confident and

which is an increase from 12 percent

trends are consistent with last year as

last year, while three percent expect to

75 percent of respondents declared

pay over $300,000 for their property

that now it is a good time to purchase

purchase.

a property. This is down just slightly from 76 percent who felt the same way

In general, this year’s survey results

last year.

are in line with 2017’s and indicate that

similar to last year when 60 percent of respondents fell into one of the three “affordable” categories. However, this year’s survey has indicated that prescription of unaffordability has increased since last year, with 10 percent of respondents believing Cambodian property is very affordable as opposed to 15 percent last year. In regards to budgeting for a home, this year’s survey showed that nearly 2018 CAMBODIA REAL ESTATE

ED I TORI AL

Demand

main areas of Phnom Penh, Siem

to 10 percent last year. The only other

Reap and Sihanoukville, the majority of

location to grow by that much was

The majority of respondents, 74.25

respondents indicated that they were

Por Sen Chey district which grabbed

percent, believe that now is a good

looking to purchase property in the

9.25 percent of demand this year as

time to purchase a property and

capital. Seventy-four percent preferred

opposed to 5 percent last year.

intend to purchase within the next 12

Phnom Penh, down just slightly from

months which is a slight increase from

76 percent last year. Otherwise, nine

When asked whether they would buy

2017 when 73 percent intended to buy

percent favoured coastal Sihanoukville,

an established or newly built property,

within the same time period.

while just over 5 percent were

66 percent of people said they would

shopping in Siem Reap. Sihanoukville’s

prefer to purchase a new property in

The poll asked: “Are you more likely

demand was up slightly while Siem

a borey, condo development or plot

to purchase a property to live in or

Reap’s was down slightly.

land project, while 34 percent would

invest in?” The result showed that

prefer to purchase an independent

most people have a positive outlook

The demand for secondary markets

house, 25.38 percent of people would

on property investment in Cambodia,

such as Kampot, Kep and Battambang

prefer to opt for land in a plot land

with 61.51 percent of respondents

rose from 8.49 percent last year to

project (these people want to build

intending to buy a property for

11.45 percent this year.

their own home). Nineteen percent

investment purposes. While 38.49

are considering buying a condo or

percent intend to buy a property for

The biggest downtrends were seen in

apartment in a new development.

living in.

Phnom Penh’s 7 Makara district, which

and, 21 percent are intending to buy

held 13 percent of capital demand last

a home in a borey, a good sign for

It is in contrast to last year’s survey

year but only 3.22 percent this year.

both existing developers and those

result where the majority were buying

Meanchey district was down to 3.49

considering launching a new project.

a property to live in (54 percent) rather

percent from 7 percent last year.

than as an investment (46 percent). When taking a deeper look in the Location and Type of Property

capital city Phnom Penh. Sen Sok is the most sought area, commanding

When looking at Cambodia’s three

CAMBODIA REAL ESTATE 2018

14 percent of demand as compared

2018 CAMBODIA REAL ESTATE

ED I TORI AL

INSIDER ANALYSIS P O S T E L E C T I O N : A L O O K AT T H E F U T U R E O F C A M B O D I A’ S R E A L E S TAT E I N D U S T R Y

The Cambodian national election has concluded, giving the ruling party another half decade to run the country. What will the Cambodian real estate industry look like over the next five years?

Cambodia will benefit from relative political stability and continuing foreign investor confidence. Because the government’s political structure and administration largely remain the

Soth Virak

same, I think Cambodia’s real estate

CEO, Huttons CPL

industry will keep moving forward in the next five years. Before investing in a property market, developers often look at several factors, including the economy and

to be completed in three to five years.

to low-cost housing projects offering

political stability. Political stability is

I think more projects will be approved

low interest rates will be the biggest

one of the top factors they look at.

this year and in the succeeding years.

market.

The Ministry of Land Management,

As for supply, it will continue to

In the next five years, I expect China

Urban Planning, and Construction

increase as 10 million square metres

to continue to be the leading property

approved more than 3,000 projects,

will reach the market every year.

investor in Cambodia, followed by

mostly condo and borey developments

Locals and expats will continue buying

Japan, Korea, Malaysia, and Vietnam.

last year. These projects are expected

properties in the Kingdom and middle-

The real estate industry, in general, will continue to grow during the next five years. During that span, our team will

Teng Rithy

Founder & Director, Property Investment Realty Partner

develop about five residential projects. These will be condominium and borey projects, mainly targeting Phnom Penh and other key provinces such as Siem Reap, Battambang, and Kampong Cham. At present, these locations are being closely studied to determine

CAMBODIA REAL ESTATE 2018

EDI TO R I A L

their value in terms of location, price,

With regards to supply and demand,

market is still small and has yet to

and which types of houses are most

most of the residential projects are

mature. There is still plenty of room

suitable.

located in Phnom Penh. But there is

for growth when it comes to condo

also big demand in many provinces

demand and supply.

Many local and international investors

outside the capital owing to population

are paying more attention to the

growth. There are many people, mostly

Kingdomâ&#x20AC;&#x2122;s real estate industry as they

young families, who are in need of and

are confident of the countryâ&#x20AC;&#x2122;s political

are looking for suitable houses in the

stability and economic growth. I think

provinces.

they will continue to invest in real estate in various sectors, including

The supply of condo will be much

tourism and agriculture.

higher in the future. Cambodiaâ&#x20AC;&#x2122;s

be the dispersion of landed properties across a wider geographic area as developers hunt out land sites of the scale and price to ensure a profitable

James Hodge

Associate Director, CBRE Cambodia

scheme may be delivered. In particular, land price increases in Phnom Penh will accelerate the construction of satellite cities and towns in suburban and rural locations. Ensuring that developments on the urban fringe are adequately supplied with both hard and soft infrastructure will be

Condo Development

the amalgamation of smaller plots to

imperative to ensuring the success of

form a large enough site. Secondary

these communities.

We expect that in five years the condo

centres will develop around transport

market will have transitioned through

hubs and where access to the central

We will see the first developments

its first proper real estate cycle and

business district is quick and efficient.

by the larger developers on the

be a much more mature sector. The

eastern banks of the Mekong, a trend

market will offer a breadth of options

Bank lending for condos will increase,

permitted by improved infrastructure

across all grades and will be able to

especially as local buyers become

access across the river.

compete in terms of quality with other

more active in this market.

centres across the Asean region. International serviced apartment

Plot Land Borey Development

operators will be more prevalent and

Plotted land is likely to remain

a few of the most forward thinking

As land prices continue to increase,

popular in provincial locations, while

local real estate companies will have

the value of landed property will also

stocks close to prime cities will start

blossomed into market leaders.

rise. This will push younger families

to become uneconomical for small-

and rising middle-class buyers who

scale development and as such will

need to be close to the centre of the

be swallowed up to make way for

city towards the condo sector which

large-scale projects. Prices are likely to

Across central districts in Phnom

will represent better value for their

stabilise over the long term as families

Penh, an absence of large land sites

money.

move away from self building and plot

Condo Developers

will mean developers turn towards the acquisition of brownfield sites or

land investments towards urban living. A result of increased land prices will

2018 CAMBODIA REAL ESTATE

ED I TORI AL

Foreign Investment

more difficult for foreign investors

themselves and their brands in the

to compete for local buyers. Some

Cambodian market.

Foreign investment into real estate will

will rise to the challenge and start to

continue to be supplied by developers,

develop products that better fit the

Demand is more variable, and will

but long-term investors interested

needs of local buyers while others will

fluctuate considerably over a five-year

in income bearing assets such as

focus on sales in overseas markets.

timeframe. In the long term, if supply outstrips demand then there should

office and retail centres will grow in influence. As the local market matures

Supply and Demand (Local &

be a market correction that will act to

we can expect to see the sophisticated

Foreign)

reduce new supply going forward. In the short term this correction is likely

institutional investors considering Supply is on the rise across all sectors

acquisitions.

to be in the condominium sector.

and we see no slowdown in this trend Investment in manufacturing and

so long as the economy continues to

Over the next five years both local and

infrastructure will still be largely

pursue its current growth path. Project

Chinese backed demand and supply

dominated by foreign players.

launches may continue to be few in

are likely to be the biggest influencing

number but the scale of the projects

factors on the Cambodian real estate

As the capacity and experience of local

is set to increase, especially as the

sector.

developers increases, it will become

large Chinese developers establish

Over the last decade, Cambodia was among the fastest-growing economies in Southeast Asia. This is a trend that is expected continue in the next several years. What does Cambodiaâ&#x20AC;&#x2122;s real estate industry need to do to keep pace with the Kingdomâ&#x20AC;&#x2122;s rapid development?

other countries. With new hydropower dams, solar power plants, and coalfired power stations it should be possible to reduce electricity costs.

Soth Virak

CEO, Huttons CPL

Transparency and market regulations also need to be improved to draw attention and buoy investorsâ&#x20AC;&#x2122; confidence. Developers are looking for countries with good investment prospects and where investors are treated fairly.

According to the International

Penh, Kampot, and Sihanoukville have

Monetary Fund, World Bank, and Asian

seen new construction in terms of

I also believe that Cambodia needs

Development Bank, Cambodia needs

roads, railways, bridges, waterways,

a better education system that will

to keep improving in five key areas to

and so on.

help address the skills gap. This is a

keep pace with rapid development.

good way to build human resources Second, Cambodia needs to reduce

quantitatively and qualitatively.

First, we need to improve the

the cost of doing business, especially

In China, for example, there is no

infrastructure around the country.

utility costs. The cost of electricity in

shortage of skilled labour. Because of

Currently, major areas such as Phnom

the Kingdom is higher compared to

this, their economy keeps improving.

CAMBODIA REAL ESTATE 2018

EDI TO R I A L

Cambodia should follow China’s

time frame for transition from the use

local currency, it is better to transition

example and build a large pool of

of the US dollar to the Cambodian riel

gradually for stability’s sake and for

highly-skilled labour.

for commercial transactions. While I

the convenience of many, especially

believe the economy will benefit more

foreign investors.

Last but not least, we need a longer

from from transactions using the

pace with technology. In the more developed countries, smart homes, where entertainment, security, lighting, air-conditioning, and other systems are

Teng Rithy

Founder & Director, Property Investment Realty Partner

controlled remotely or via an app, are becoming a trend. While several major mixed-use and residential developments in Cambodia now tout smart homes, the Kingdom needs to do more to push or encourage development towards that direction.

I believe that Cambodia’s economy

there is infrastructure expansion

will continue to grow if the political

towards the suburbs. Many roads

situation remains stable. To support

are being built outside the city, one

Cambodia also needs to continue

the economy and welcome more

of which is a new “Ring Road”. There

improving vocational skills and training

international investors to Cambodia,

are also new sewage systems and

programs to close a significant skills

we need to have quality infrastructure

electricity connections. These moves

gap and make Kingdom workers,

in the form of transportation, power

are leading more people to relocate to

particularly those in the construction

and communications as well as solid

the city.

and property industry, better and more competitive.

support systems in place. In the same vein, there are many This means that Cambodia, particularly

things that Cambodia’s real estate

The government should also make

the key areas of Phnom Penh, Siem

industry can do to make sure the

sure that laws and regulations

Reap, Battambang, Kampong Cham,

country’s rise will not leave it behind.

governing the real estate and related industries are updated and enforced

Sihanoukville, and Poipet, should be well connected. In Phnom Penh alone,

For one, it needs to embrace and keep

fairly.

To limit risks over the long term and in order to help the market keep pace with development, but not out-strip it, developers must focus on the needs of individuals and companies and respond with projects that match demand.

James Hodge

Associate Director, CBRE Cambodia

Cambodia’s real estate industry has a significant opportunity to build a competitive advantage, should 2018 CAMBODIA REAL ESTATE

ED I TORI AL

it embrace technology. This would

development that is sustainable in any

buildings are great places to live, work

enable the early stage of the real

one location. An accessible, efficient

and play.

estate sectorâ&#x20AC;&#x2122;s development. The

form of public transport will be key

benefit of developing legal and

to the long-term growth of capacity

Furthermore, there is a clear skills gap

technical frameworks means that it

in urban areas. For infrastructure

in the construction and real estate

is easier to leapfrog other markets

investment to be forthcoming,

industry which is sustained by a lack of

when embracing new ways of working

Cambodia needs to promote a suitable

vocational education and the limited

through the implementation of up-to-

platform upon which such investments

development stage of regulatory

date ideas and procedures. Property

can be solidly based. An attractive,

processes. In the real estate sector the

tech innovations like blockchain and

clear platform will allow Cambodia to

first educational courses are coming,

smart city policies may well be in

leverage the weight of private sector

and this combined with experience

operation in some developments in

capital available.

and increased international exposure,

Cambodia during the next five years.

as well as the excellent work of the In order to remain strong the real

Cambodian government in tightening

Infrastructure investment is required

estate sector will most likely need

regulation and modernising systems

in a significant volume. With a

to accept higher levels of control. At

and processes, we can expect to see

growing population and increasing

present developers are largely free to

this gap close significantly over the

traffic, finding a solution for future

build properties that suit their wishes,

next five years. Greater capacity, skill

transportation and infrastructure

and this doesnâ&#x20AC;&#x2122;t always mean that

and transparency will all assist the

demands is imperative to the

the resultant property is of benefit to

market in delivering an environment

continued success of the real estate

occupiers, users and the people of

that international investors find

sector. If goods, services and

Cambodia. Improved planning policies

appealing and competitive.

people are not able to move freely

as well stricter safety and design

this will place a cap on the level of

standards will help to ensure that

CAMBODIA REAL ESTATE 2018

2018 CAMBODIA REAL ESTATE

ED I TORI AL

ARCHITECTURE TO IMPROVE LIFE THROUGH DESIGN Architecture is the art and science of design that provides us the physical environment we live in. Most projects now are built with attention devoted to architectural design, which is primarily concerned with structures of the master plan and the interrelationship of facilities that are necessary for building a good life. In the history of modern architecture, the architect always aimed to improve the living environment of people. Renowned architects like Le Corbusier, Walter Gropius and Ernst May tried designing cities and housing for people, with special consideration given to the elements of light, air, and nature. During the era of New Khmer architecture, Cambodia’s most famous architect, Vann Molyvann, tried to improve and modernise the

“Grey Building”, and apartments at the

and lifestyle will always be important,”

lives of the Khmer people through

Bassac riverfront, are the excellent

he added.

architecture. Molyvann respected the

examples of how architecture can

traditional culture and lifestyle, but

improve life through design,” he

Currently, there are many residential,

wanted to modernise them through

stressed.

commercial, and mixed-use

new structural ideas, construction ideas, planning, and facilities.

development projects launching He noted, however, that there is no

and building across the country,

correct architectural model. He said it

particularly Phnom Penh, Siem Reap,

Masaaki Iwamoto, architect and

depends on the architect’s idea. “For

and Sihanoukville. The SeaGate Suite,

assistant professor of faculty of

me, rational and reasonable design to

which involves the construction of

design at Kyushu University, said that

the context is very essential.”

1,118 units across a 45-storey complex

architecture can improve the lives of

in Sihanoukville, is one of these

everyone. Malyvann’s projects such

“In addition to this, structural safety,

as the “100 Houses” in Toul Kork,

flexibility and adaptation to the climate

CAMBODIA REAL ESTATE 2018

developments.

Yeli, design director of SeaGate Suite,

Cheng Sokha, deputy sales and

said that the project aims to connect

marketing director of Creed Group

life and nature to a luxurious lifestyle.

(Cambodia), the developer of

“Architecture and design can also

Bodaiju Residences, stressed that

create large or intimate spaces that

“The SeaGate Suite is geographically

the master plan is always the core

all walks-of-life will experience. Thus,

situated in the ideal location where

of all development projects. “But

it has the power to evoke certain

most of the buildings have fantastic

architectural design also contributes a

feelings or senses that make them

views of the sea, islands, mountains,

lot to increasing the value of a project,”

comfortable, happy, nostalgic, healthy,

and the boomtown of Sihanoukville,”

she said.

efficient, or even proud of it,” he

he stressed.

residents.

added. With regards to the details and finish

More than a home, the SeaGate Suite

of the building, Sokha believes that

“Mostly, it is the innovative designs

is purposefully designed to provide

good layout and high-quality finish

that sell. If a project only pays a little

a luxurious lifestyle where residents

always add to its value and livability.

attention to design, it will affect the

can work, play, stay, eat, and shop in a single setting.

value and quality of the development, Echoing Sokha’s view, Hun Chansan,

to the detriment of the developer and

director of Re-Edge Architecture

residents.”

Another major mixed-use

& Design, stressed that good

development in Cambodia is Bodaiju

architecture and design will add value

Residences. Occupying more than 2

and improve the lifestyle of occupants.

hectares of prime land in the heart of Phnom Penh, Bodaiju Residences

He believes that it adds value in

has more than 900 units across its six

terms of a better building, better

14-storey buildings.

environment, and better life for its

View latest real estate news online at Realestate.com.kh

2018 CAMBODIA REAL ESTATE

CAMBODIA REAL ESTATE 2018

2018 CAMBODIA REAL ESTATE

R E COGNIZ ING EXCELLENCE IN THE C AM BODIA R EAL EST ATE INDUSTRY Cambodia Real Estate Awards 2018 a big success! The Cambodia Real Estate Awards (CREA) 2018, the largest and most prestigious event in the Cambodia real estate industry this year, was a huge success that surpassed everyoneâ&#x20AC;&#x2122;s expectations. A first in Cambodiaâ&#x20AC;&#x2122;s history, the CREA was principally organised by Realestate.com.kh, with the support from the Ministry of Economy and Finance (MEF) and the Cambodian Valuers and Estate Agents Association (CVEA). The awards celebrated the achievements of the Cambodia real estate industry and honoured individuals and agencies who went the extra mile in pursuit of excellence. The CREA were part of efforts to professionalise the Cambodia real estate industry, a crucial undertaking as the Kingdom seeks to maintain and grow its booming property sector. The awards marked the first time that efforts of the industry were acclaimed globally and on a wholly objective basis. The CREA culminated in the awarding of top performers in 15 award categories (both on agency and individual levels), as determined by a distinguished panel of judges, during the gala dinner and ceremony held at Sofitel Phnom Penh on July 6. The star-studded event brought together more than 300 people, representing top government officials, industry leaders, and others, all under one roof.

CAMBODIA REAL ESTATE 2018

Organized by:

Co-organized by:

Supported by:

2018 CAMBODIA REAL ESTATE

CAMBODIA REAL ESTATE 2018

2018 CAMBODIA REAL ESTATE

AD VERTO R IAL

LE BASSAC CHOOSE THE BETTER LIFE protection, energy saving and intelligent designs. HOST TO YOUR GUESTS LE BASSAC offers $30 million of common areas and facilities, a grand lobby with 10 metre high ceiling, and premium conference rooms catering to an on-the-go lifestyle. The rooftop boasts an exquisite private garden and swimming pools where you can relax and enjoy life. Overlooking the Mekong River and the beauties of Phnom Penh, LE BASSAC is the true illustration of how home can be the best vacation spot. ENVIRONMENT THAT BUILDS SUCCESS Choosing the right environment is RESIDENCE ADJACENT TO THE

project reflects Lee’s mastery in

more important than hard work.

INDEPENDENCE MONUMENT

architectural design throughout the

Situated in the heart of Phnom Penh,

years, it also symbolises the architect’s

LE BASSAC is home to the most

Situated at the heart of Phnom Penh,

ambition to glorify the city by

influential leaders and is surrounded

LE BASSAC is only two minutes away

constructing a building next to a

by the best education facilities, which

from the Independence Monument.

century-old landmark here in the

give children the most ideal place to

Being a prime location in BKK1 and

heart of Phnom Penh.

grow. Here you have easy access to

home to the city’s major financial and

a spacious green park where you can

commercial activities, the development

GREEN BUILDING THAT LEADS THE

take a stroll or exercise at any time,

is surrounded by world-renowned

FUTURE OF PHNOM PENH

and finish your day with a wonderful

merchants and offers everything you could want.

family gathering at any of the wide LE BASSAC is the only urban oasis in all

selection of restaurants nearby.

of Phnom Penh, boasting a green

Embrace the future and your unique,

PROJECT BY WORLD-RENOWNED

canopy comprised more than 300

prestigious and healthy home.

ARCHITECT

trees. It has been awarded the first green building certification in

LE BASSAC is a project by world-class

all of Cambodia, and is the only

architect CY Lee, the team that

development in Phnom Penh to

designed Taipei 101. Not only does the

incorporate world-class environmental

CAMBODIA REAL ESTATE 2018

View new development in Cambodia at Realestate.com.kh

2018 CAMBODIA REAL ESTATE

LOC A TI ON PR O FILE

POIPET T H E L AT E S T R E A L E S TAT E B O O M T O W N IN CAMBODIA

Cambodia’s northwestern border

metres, Poipet is divided into three

large scale developments have entered

town of Poipet is fast becoming a

sangkats, Poipet, Phsar Kandal

or are eyeing to enter into the Poipet

rival to Sihanoukville in terms of

and Nimeth. The town is home to

property market. “Many investors from

real estate development.

more than 140,000 residents, both

the outside are eyeing Poipet as a

Cambodians and foreigners.

great investment destination,” he said,

Poipet, which borders Thailand and

noting that this has contributed to the

hosts an important border crossing

Hor Kunthea (Roy), CEO of Sokha

continuing increase of property values

between the two neighbouring

Residences Group, said he was not

and prices.

countries, is in the middle of a building

surprised by the development, noting

boom.

that the town’s property sector has

In Poipet, according to Vtrust

shown great potential for rapid growth

Appraisal’s 2017 Housing Market and

in the last six months.

Outlook Report, 16 projects were

Casinos, hotels, commercial buildings, and residential developments are

completed last year, releasing 1,694

going up in different parts of the town,

He identified Poipet sangkat as the

units into the market. Also, 909 units

fuelled by massive foreign investments

area with the best potential. “The

reached the market in the first half of

and an economic boom. Property

other two sangkats also offer good

this year.

values have gone up in many parts of

investment opportunities and property

Poipet as a result.

values there are also rising,” Roy

Poipet Governor San Sean Ho said

stressed.

there is no better time to develop real

A part of Banteay Meanchey province and occupying 2,620,000 square

CAMBODIA REAL ESTATE 2018

estate in the town. According to him, many small and

L OCA TI O N P R O F I LE

“We, in the government, encourage

condos and boreys. Sokha Residences

all investors to put their money

will have a 21-storey building of

into various real estate like hotels,

543 units and include a Super

The above factors, together with the

guesthouses, residential houses,

Store, commercial and office space,

plan of the Cambodian government

restaurants, and other facilities for

sports club, swimming pool, sky bar,

to open more border crossings to

tourists.”

penthouses, and 287 borey units.

Thailand, Chinese-funded roads along

In Poipet, according to Sean Ho,

Condo units are priced from $27,864

the re-opening of the rail link between

there are many existing and ongoing

to $1,270,000, while borey units have

Poipet and Phnom Penh, bode well

projects in the pipeline. The town

a selling price of between $30,000 and

for further development of the town

currently hosts nearly 30 casinos, 10

$50,000 per unit. Sokha Residences

into an important commercial and

boreys (gated residential community)

is located in Kilo Lekh Boun, Sangkat

industrial hub.

projects and a number of factories

Phsar Kandal, Poipet.

in Poipet.

the Thailand-Cambodia border, and

in the Special Economic Zone that

“In our Economic Development Plan,

produces electronics, clothing and

The government is also aiming to

we mainly focus on real estate and

other products. There are also at least

develop Poipet’s tourism potential.

infrastructure development,” he

50 companies subdividing residential

Sean Ho said they are planning to

stressed.

plots for resale.

develop 500 hectares of land into a premier tourism destination complete

He said one of the priorities is to build

Poipet’s first condominium project

with a golf course, artificial river, giant

excellent concrete roads connecting

is now underway. Sokha Residences

garden, and a floating market. He said

different parts of Poipet.

Group, which will occupy almost four

that once the project is built, they are

hectares of land, is a combination of

expecting thousands more tourists

Better roads are contributing to an

2018 CAMBODIA REAL ESTATE

LOC A TI ON P RO FILE

increase in real estate prices in and

expected to increase to more than

available to rent for between $350 and

around the town. Roy noted that lots

20,000 by next year.

$400.

the Poipet roundabout currently fetch

According to Sean Ho, most of the big

“Poipet’s property sector is growing

between $800 and $1,000 per square

hotels in Poipet are being rented by

similar to the one in Sihanoukville,” Roy

metre.

Chinese nationals. Both Sean Ho and

concluded.

along National Road 5 and adjacent to

Roy agreed that the Chinese played a In the areas near the border where

big part in the growth of the real estate

the casinos are located, land that

industry, and also of property values,

previously sold for between $300 and

in Poipet.

Search for properties in Poipet now on Realestate.com.kh

$500 is now priced at $1,300 to $1,500 per square metre.

Roy said the presence of the Chinese created more demand and drastically

The influx of Chinese nationals is

increased rents. According to him,

also another major factor driving up

a flathouse on a main roads that

property values in Poipet. The Chinese

could previously be rented for as low

are attracted by the town’s investment

as $150 to $200 a month are now

potential and the availability of

available to rent for between $600 and

affordable land. There are currently

$800 per month. A flat along the paved

more than 10,000 Chinese investors

road, which was previously rented

and workers in Poipet and it is

for less than $150 a month, is now

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CAMBODIA REAL ESTATE 42䌀漀渀琀愀挀琀圀攀䌀栀愀琀

2018

2018 CAMBODIA REAL ESTATE

ED I TORI AL

UNDP SUPPORTS PPSEZ’S AFFORDABLE HOUSING PROJECT FOR WORKERS

The United Nations Development

Located in the outskirt of Phnom Penh

Michelle Zhao, PPSEZ’s senior

Programme (UNDP) is supporting

along National Road 4, the PPSEZ has

manager, noted that there are many

the Phnom Penh Special Economic

an area of 357 hectares. There are

ongoing housing projects in Phnom

Zone’s (PPSEZ) housing project

more than 80 factories within the zone

Penh, but only a few of them were

that will build several thousand

that employ 17,000 people, many of

targeted at people in the middle- to

affordable housing units for low-

them female factory workers.

low-income brackets.

With the economy booming, Phnom

While PPSEZ workers will be the

Penh, in recent years, has seen an

priority, other poor people living

The project, which is in the

influx of low-income workers moving

outside PPSEZ can also benefit from

architectural design stage, will see the

to the city to work in factories and

the project. “The houses will be

construction of 3,136 housing units

construction projects.

affordable and will provide them with

income workers in and nearby the zone.

on a 7-hectare lot within the PPSEZ.

CAMBODIA REAL ESTATE 2018

decent living conditions,” she stressed.

EDI TO R I A L

“Our affordable housing project

to be announced on September 1.

targets workers. Based on our survey,

of the Ministry of Economy and Finance (MEF), also disclosed that the

over 76 percent of our workers make

UNDP’s support for the housing

government is preparing regulations

more than $200 and over 20 percent

project is part of a larger effort to help

governing affordable housing projects.

make more than $300 per month,” she

PPSEZ and other special economic

He said these regulations will be

pointed out.

zones in the country become

helpful and will set clear guidance on

sustainable in the long run. Currently,

similar projects in the future.

Each unit, which will sell for $17,000,

there are 33 SEZs across Cambodia.

will have an area of 36 square metres.

These areas of development are

Construction work on the project is

In addition to the houses, the project

crucial to Cambodia’s economic rise.

expected to commence sometime

will also include stores, cafes, parks, and other amenities.

next year. “We are helping PPSEZ become a sustainable special economic

“Currently, we have yet to select the

Nick Beresford, Country Director of

zone, which will contribute to

best construction company. Since we

UNDP in Cambodia, said their agency

the achievement of Cambodia’s

have ongoing discussions with the

is providing assistance primarily in the

Sustainable Development Goals,”

government and potential investors,

area of design. “We are aiming to help

Beresford stressed.

we have yet to finalise the construction

as much as we can in terms of designs

date,” Zhao said.

that will lower the cost, increase the

He explained that this can be achieved

quality and ensure sustainable living,”

by working together to promote

he stressed.

renewable energy use and sustainable waste management, among other

Last month, PPSEZ, UNDP and Building

initiatives.

Trust International launched the Affordable Housing Design Challenge,

In addition to UNDP, the Cambodian

seeking to find the best design for the

government is also helping the project

project, with emphasis on sustainability

by way of incentives. These incentives

and eco-friendliness. The winning

are believed to include tax sweeteners.

entries, which will receive cash prizes between $5,000 and $20,000, were set

Vongsey Vissoth, secretary of state

Views latest real estate news online at Realestate.com.kh

2018 CAMBODIA REAL ESTATE

LOC A TI ON PR O FILE

DAUN PENH, 7 MAKARA & CHAMKARMON N A M E D T H E M O S T S O U G H T-A F T E R D I S T R I C T S B Y K E Y R E A L E S TAT E R E P O R T

The Daun Penh, 7 Makara, and

Penh in the first half of this year.

Chamkarmon districts, all in

Within Daun Penh, the sangkats of Phsar Thmey 1, 2 and 3 have the most

central Phnom Penh, have the

The report noted that Daun Penh,

expensive commercial land, selling at

most expensive land in Cambodiaâ&#x20AC;&#x2122;s

a commercial hub, has the most

$9,000 per square metre on average.

capital city.

expensive lot. Residential plots are

For residential land, Sangkat Phsar

selling at $3,500 per square metre

Chas registered the highest price at

This was according to a recent report

on average. For commercial land, the

more than $4,000 per square metre.

from Key Real Estate. The report

average price is $6,100 per square

covered land prices across Phnom

metre.

CAMBODIA REAL ESTATE 2018

Sorn Seap, founder and CEO of Key

Real Estate, explained that the main

commercial land ($6,000 per square

selling price of $100 per square metre

reasons for this are the mature real

metre), while sangkat Boeung Prolit

for residential lots and $280 per

estate market and high land prices

has the most expensive residential

square metre for commercial land.

registered in each and every sangkat in

land priced close to $4,000 per square

the district.

metre on average.

On average, land prices in central Phnom Penh largely remained

“It is the oldest developed area and

Chamkarmon is third in rank. The

unchanged compared to the same

it hosts three markets,” he stressed,

average prices of residential and

period last year. This was in contrast

referring Phsar Chas, Phsar Kandal

commercial land in the district are

to land prices in the suburbs of the

and Phsar Thmey. “Popular tourist

$3,000 per square metre and $5,100

capital, which are growing fast.

destinations like the Royal Palace and

per square metre, respectively.

riverside are also in the area.”

According to the report, Toul Kork, Sen The cheapest land in Phnom Penh can

Sok, and Prek Pnov districts, registered

7 Makara, another commercial centre,

be found in the suburbs. Prek Pnov

the highest land prices increase. Land

has the second most expensive land in

district to the north has the cheapest

prices in those areas increased by 6.3

Phnom Penh. Residential plots in the

land available, with residential land

percent, 6.7 percent, and 7.1 percent,

area are selling for $3,300 per square

selling for $100 per square metre and

respectively, compared to the same

metre, while commercial land sits at

commercial land for $340 per square

period last year.

$5,400 per square metre.

metre. Seap said that Prek Pnov became an

Within 7 Makara, sangkat O’Russey

Dangkor district to the south,

investment hotspot in the last few

1,2,3 and 4 have the most expensive

meanwhile, registered an average

years. “Many investors and businesses

2018 CAMBODIA REAL ESTATE

LOC A TI ON PR O FILE

have begun eyeing this location,â&#x20AC;? Seap

average, selling for $1,300 per square

said, adding that this led to abrupt

metre and $2,400 per square metre,

increases in land prices in the area.

respectively.

Compared to other urban areas in Southeast Asia, Phnom Penh is among the places with the cheapest land, with residential and commercial lots, on

CAMBODIA REAL ESTATE 2018

Search for properties in Cambodia now on Realestate.com.kh

2018 CAMBODIA REAL ESTATE

AD VERTO RIAL

HOME FITNESS CONSIDERATIONS BY GEORGE FOOSE EXECUTIVE DIRECTOR S P O R T S E N G I N E E R I N G A N D R E C R E AT I O N A S I A LT D

constantly exposed to promotions for this level of product. Higher priced but much more effective, safe, and higher quality home fitness equipment is generally found in specialty shops or health boutiques. When considering the purchase of home fitness equipment the three things you should plan for. Firstly, your budget followed by your space and the intended use and benefits you are looking for. Budget As the introduction hinted at – always buy quality. If you can’t afford the cash outlay use an extended payment plan. Quality means buying from the leading brands found in the best health clubs. Home fitness has come a long way

and lower quality equipment is

Quality means better biomechanics

since the days of the old tummy

generally sold to what the industry

and ergometric design. Quality means

belt or conveyer belt walking

calls “entry level” consumers. This

good warranties, after sales service,

treadmill. Today, home fitness is a

segment is made up of first time

and a good secondary market should

sophisticated industry with many

home fitness buyers who can be

you want to sell or trade-up later.

layers of designs, manufacturers,

tempted to impulse buy through TV

Quality also means better features and

and categories of equipment. In

marketing programs or department

programs that are equal or even better

general, the industry’s offerings are

store sales programs. The “entry

than those found in the best clubs.

divided into price and consumer

level” segment of the market is very

Quality means there is a better chance

sophistication sectors. Lower priced

large which explains why people are

that the machine will not become a permanent clothes rack.

CAMBODIA REAL ESTATE 2018

A DV ER TO R I A L

Space

Cardiovascular Training Equipment

offer advanced functional training on converging arc design technology. The

Depending on what your ultimate goal

If you haven’t determined your

better quality personal gyms and multi

is space doesn’t have to be a limiting

favourite piece of cardiovascular

gyms will provide 20 to 22 different

factor. Nearly any condominium or

equipment, take your workout shoes

exercises on all areas of the body with

apartment can support a single piece

with you when you look at equipment

easy to use adjustments to change

of cardiovascular equipment. You

and try them all out. Generally, in

from one exercise to another.

have to ask yourself one question:

order of popularity, cardiovascular

How do I balance my intended use

home fitness equipment includes

with the space I have to allocate for

treadmills, elliptical cross-trainers,

home fitness? If you have an unused

upright or recumbent bikes, rowing

A twin-tier dumbbell rack and five to

bedroom you can probably create a

machines, and stair-steppers. Many

10 pairs of rubber coated dumbbells

complete home gym or share your

people who have developed leg

along with an adjustable bench is

home gym with a home office. If you

problems have found a new lease on

a nice addition or alternative to a

are like most people, however, you

life through the development of cross

personal gym if budget or space is a

burn some fat between trips to the

trainers, which have no impact and

problem. However, most exercises

gym? Is the home going to be the

also provide upper and lower body

done with this equipment are upper

primary place you exercise? Are you

exercises. Rowing machines are also

body focused. Free weights using

looking to strengthen and tone? Do

excellent full-body conditioners.

Olympic bars and weight plates are

Dumbbells, Benches and Free Weights

will need to have your treadmill, cross trainer or home gym near a form of distraction like a window with a view or within sight of a television to provide exercise entertainment and get you motivated to get off of the sofa. Intended Use Are you interested in exercising on your own time? Do you just want to

you want to have a full body workout? Who else in your family will use the

not recommended for the home Personal Gyms and Multi Gyms

equipment or the facility you make?

environment unless one always has a workout partner and a strong

Whatever the answers to these

Personal gyms are single weight stack

questions there are quality machines

strength trainers allowing one person

to match your space and intended use.

to exercise. Multi gyms have two to

Contact :

Remember, if you can’t afford to build

four weight stacks and thus allow more

Mr. Anthony Gaglardi

it all at once, buy quality and phase

than one person to use the machine

Seara Country Manager

your home gym. If you are serious

at the same time. Both types come in

anthony@searasports.com

about investing in your health you will

different quality and price levels. Some

Tel: 016 577 669

regret going the entry level route just

multi gyms are also warranted by the

so you can get everything at once.

manufacture for sale into common

soundproof floor.

area fitness centres of apartments, Equipment Selection

condominiums and resorts. This is generally a sign of a good, robust

When selecting home fitness

commercial design ensuring safe use

equipment you will be looking at three

and good biomechanics and user

areas:

satisfaction. Some personal gyms 2018 CAMBODIA REAL ESTATE

CAMBODIA REAL ESTATE 2018

REAL ESTATE VALUATION IS THE HEART OF PROFESSIONAL SERVICES AT IPS-CAMBODIA AT IPS-CAMBODIA, WE BELIEVE THAT VALUATION CAN BE A STRATEGIC ASSET FOR INVESTORS AND OWNERS ALIKE.

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C O N TA C T U S :

WWW.IPS-CAMBODIA.COM

inquir y@ips-cambodia.com Phnom Penh | +855 77 959 861 Siem Reap | +855 17 843 423

FIND US ON:

2018 CAMBODIA REAL ESTATE

AD VERTO RIAL

BELT ROAD CAPITAL MANAGEMENT S P O N S O R S C A M B O D I A R E A L E S TAT E AWA R D S 2 0 1 8

Alex Odom, Chief Investment Officer of Belt Road Capital Management, third from the left, at the Cambodia Real Estate Awards.

Belt Road Capital Management

sized enterprises (SMEs) to support

and invested $1.8 million into Digital

(BRCM) is a private equity

the achievement of strategic goals,

Classifieds Group (DCG), the parent

investment manager based in

facilitate sustainable growth and

company behind Realestate.com.kh,

Phnom Penh, Cambodia. Launched

expand access to new markets. BRCM

Cambodia’s leading property portal

late last year, the company focuses

has a diverse management team with

and marketing agency. DCG also

on investments in the greater

vast experience in managing SMEs,

operates general classified and real

Mekong sub-region consisting of

advising M&A transactions and guiding

estate portals in Laos, Papua New

Cambodia, Myanmar, Lao PDR,

investment in the region.

Guinea and Fiji.

This year BRCM has made several

In April, BRCM invested $7 million into

BRCM’s principal activities include

investments in the Mekong region.

Oway Group, Myanmar’s leading online

investing capital in small- and medium-

In January, BRCM partnered with

travel service provider which operates

Thailand and Vietnam.

CAMBODIA REAL ESTATE 2018

A DV ER TO R I A L

Myanmar’s largest online travel portal

region’s premier investment manager

oway.com.mm as well as Oway Ride,

Most recently, BRCM acquired a

and is proud to support the Cambodia

a leading ride sharing platform. The

40 percent stake in Sabay Digital

Real Estate Awards (CREA) as one of its

investment into Oway was a part of

Corporation, the leading digital

main sponsors. BRCM sees the CREA

a $14.7 million funding round that

publishing and entertainment group

as one of the most prestigious events

included Japanese multinational

in Cambodia. Sabay focuses on

in Cambodia’s real estate industry

business conglomerate Daiwa as

publishing desktop and mobile games

and as the best way to recognise and

well as the International Finance

for the Cambodian market.

promote excellence in the sector.

In addition to its private equity

For more information please visit:

In June, BRCM invested $4 million

activities, BRCM also manages and

http://www.beltroadcap.com

into Singapore-Hong Kong based

advises special situation investments,

Unnitel. Unnitel operates in the

principally in the real estate and

telecommunications space, operating

infrastructure sectors.

Corporation (IFC).

one of Southeast Asia’s first mobile virtual networks.

View latest real estate news online at Realestate.com.kh

BRCM aims to be the Mekong sub-

2018 CAMBODIA REAL ESTATE

LOC A TI ON P RO FILE

SIEM REAP B U I L D I N G B O O M C O N T I N U E S , B U T R E N TA L TRANSACTIONS DOWN

Siem Reap is one of the three

500 two years ago, leading to an

major cities of Cambodia. The site

oversupply in the market. In spite of

He said the current and prevailing

of the world-renowned Angkor

that, the city’s rental market is taking

trend in the tourism sector is making

Wat temples, Siem Reap is also

a hit. Rental transactions have gone

that happen. China has supplanted

the Kingdom’s leading tourist

down in the last few years.

Europe as the leading source of

destination. As one of Cambodia’s

visitors to Siem Reap.

leading economic centres, Siem

According to Mario Tan, Sales and

Reap has drawn its fair share of

Marketing Director of Siem Reap-

China sent more than 1.2 million

local and foreign investors. Massive

based Hunter Estate, the number of

visitors to Cambodia last year.

investments from abroad have

rental transactions this year declined

Most of these visitors went to Siem

fuelled a roaring property boom.

by 40 percent, compared to two or

Reap, where Cambodia’s top tourist

three years ago.

destinations are located.

building frenzy. In every corner of

“Before, we receive around 100

“There has been an influx of Chinese

the city, many hotels, commercial

inquiries every month. But it went

arrivals, while the number of

buildings, and other real properties

down to only 50 to 60 inquiries these

Europeans visiting the city has gone

are going up. There are now more

days,” he said.

down,” Tan pointed out.

other types of accommodations in

“And they are not even good quality

He claimed that the market as a

the city compared to the more than

inquiries,” Tan stressed.

whole is not benefiting from increased

Siem Reap is in the middle of a

than 1,000 hotels, guesthouses, and

CAMBODIA REAL ESTATE 2018

Chinese arrivals. “They mostly come

going down.

with tour groups, and often stays

that they have dropped considerably in the last few years. “Rent inquiries

in a tour company’s pre-arranged

“There are less European volunteers

have dropped down more than 50

accommodation,” he pointed out.

and NGO staff that are renting

percent, compared to the previous

apartments,” he pointed out.

years,” he said.

guesthouses, and apartments, with

Most visitors that come to Siem Reap

With regards to rental price, there was

20 to 30 rooms, have few to zero

these days, according to him, are

also a significant decrease. According

customers,” he added.

Chinese. “Most of the time, they just

to Saran, the rents went down by as

come here for a short time. Also, many

much as 30 to 40 percent. He said

Sek Saran, business director at A1

of them only go to the big and more

that an apartment unit that used to

Real Estate Cambodia, echoed Tan’s

luxurious hotels,” he pointed out.

fetch $500 a month in rent can now be

“In this case, the small boutique hotels,

observations that rental transactions in Siem Reap are taking a big hit and

rented between $250 and $300. Regarding rent inquiries, he also noted

2018 CAMBODIA REAL ESTATE

LOC A TI ON P RO FILE

For serviced apartments, the same

The two men’s observations were

trend is happening. Tan said a serviced

mostly shared by Sok Sarath, managing

apartment that previously fetched

director of SiemReapLandhouse.com.

between $500 and $600 a month can

“There have been less inquiries this

now be rented out for between $300

year. This led to some owners closing

and $350.

their hotels and restaurants,” he pointed out.

“These numbers have gone down. But at least they’ve gotten some rent,” he

According to him, rental rates remain

mused.

the same. He said that a one-bedroom apartment fetches between $250 and

The downward spiral, however, did not

$450 per month. For shophouses and

reach most commercial areas in the

commercial buildings along National

heart of Siem Reap.

Road 6A, from the Cambodian Cultural Village to Chong Keo Sue, rents stand

According to Tan, a shophouse along

at $1,500 per month for flats and

the main road close to the Phsar Chas

$2,500 to $6,500 per month for retail

Market still fetches between $1,000

and banking space.

and $3,000 a month, which is an abnormally high price.

CAMBODIA REAL ESTATE 2018

View property listings in Siem Reap at Realestate.com.kh

2018 CAMBODIA REAL ESTATE

L OC A TI ON PR O FILE

LAND ALONG HUN SEN BLVD E M E R G I N G FAV O U R I T E A M O N G L O C A L A N D I N T ’ L PROPERT Y DEVELOPERS

With Cambodia’s economy showing

use developments. In Phnom Penh,

attractiveness and drawing power.

no signs of slowing down and

land along the major thoroughfares

Intended to reduce traffic congestion

a building boom in full swing,

are particularly hot items. Areas along

in the city’s south, the 60 metre wide

local and international real

Monivong, Norodom, Russian, and

and nearly 10 kilometre long Hun Sen

estate developers are flocking to

Mao Tse Tung boulevards are slowly

Boulevard is Phnom Penh’s largest

Cambodia in record numbers.

being saturated with high rises, and

and one of its most important road

boreys. There is construction work

connections. It connects Street 271

In Phnom Penh, Siem Reap,

going on in many stretches going in

in the north with National Road 2 in

Sihanoukville, and other urban

and out of the city.

the south. Hun Sen Boulevard is an

areas developers are buying up

integral part of Phnom Penh’s 2035

or leasing land to build an array of

Lately, Hun Sen Boulevard is

Master Plan, which aims to improve

residential, commercial, and mixed-

rising above the rest in terms of

resident’s living conditions as the

CAMBODIA REAL ESTATE 2018

capital continues to expand and

The 7.6-hectare Urban Village,

at this time space is getting smaller

develop.

2.1-hectare Lingnan Garden, and R&F

and land is getting more expensive in

City are major mixed-use projects

central Phnom Penh.

Ken Lo, chairman and CEO of Century

being developed by leading Chinese

21 Imperial Realty, said several major

property developers or their local

Hun Sen Boulevard stretches across

development projects have been built

affiliates on prime lot along the road.

Chak Angre Leu, Chak Angre Krom and

or are under construction in the area.

Cheung Ek sangkats. Key Real Estate’s There are also reports that Japanese

report on prices in the first half of this

Leading these is the 2,600-hectare

developers are planning to build the

year showed that the average price of

ING City, the largest development in

third Aeon Shopping Mall in the same

commercial land in Chak Angre Leu

Cambodia. Also one of the largest

locality.

and Chak Angre Krom were $1,650

in Southeast Asia, ING City, whose

per square metre and $1,250 per

development is ongoing, comprises

Jessie Mao, planning executive of R&F

square metre, respectively. Cheung Ek,

of residential, commercial, and retail

City, said their studies found that the

meanwhile, hosted commercial land

facilities.

southern part of Phnom Penh, where

going for $600 per square metre on

a big part of Hun Sen Boulevard runs

average.

Major borey (gated community)

through, is the most ideal location for

projects like Borey Chip Mong, Borey

property development.

Piphup Thmey, and Borey Peng

Sorn Seap, founder and CEO of Key Real Estate, said Hun Sen Boulevard

Hout are also located along Hun Sen

“While there have been an increase,

greatly contributes to the area’s

Boulevard.

land there still costs less compared

real estate growth. He said the

to those found in other parts of the

area’s popularity and development

Lo said that Chinese investors are

city. There is a big potential for more

will increase if major infrastructure

also buying huge plots of land for

development there. Southern Phnom

projects will push through, referring

the construction of residential and

Penh will definitely become the new

to the proposed Ring Road and

commercial centers.

city centre,” she stressed, noting that

new international airport in Kandal

2018 CAMBODIA REAL ESTATE

LOC A TI ON PR O FILE

province, which is only a few kilometres away from the boulevard. The entry and interest of more developers have led to higher land prices in the area, a development not lost on Lo: “Land is more expensive compared before.” The price of land in-between Road 271 and Borey Peng Hout increased to $2,000 per square metre from last year’s $1,000-$1,200 per square metre. Between National Road 2 and Borey Peng Hout the price of land is now $800-$1,500 per square metre, up from $400-$1,200 recorded in the end of last year. Search for properties in Meanchey district now on Realestate.com.kh

CAMBODIA REAL ESTATE 2018

សន�ិ�តប��វន�ពិភព�ក

GLOBAL ALUMNI CONVENTION 10-12 Nov 2018, Phnom Penh, Cambodia GLOBAL EDUCATION & CAREER EXPO

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ED I TORI AL

A LOOK AT LOW-COST H O U S I N G R E N TA L S I N P H N O M P E N H

Phnom Penh, Cambodia’s capital

to Phnom Penh in search of economic

increase to between four and seven

city, is seeing rapid population

and educational opportunities.

million by 2030. Other estimates put

growth as many people from the provinces come to live in the city.

Phnom Penh’s population at 7.9 million According to the Ministry of Land

by the same period.

Management, Urban Planning, and These people, most of whom belong to

Construction (MLMUPC), Phnom

To meet the demands of a booming

the middle to lower class, mainly come

Penh’s population is expected to

population, Minister of Land

CAMBODIA REAL ESTATE 2018

EDI TO R I A L

Management Chea Sophara said

Drab apartment blocks with scores of

Sovann mentioned that most of

Cambodia needs to build one million

rooms for rent can be found around

these low-cost rentals are found in

more homes by 2030, not to mention

these industrial zones. These rentals

the Phnom Penh suburbs of Boeung

a cascade of low-cost rental houses

are often barely furnished and only

Tumpun, Steung Meanchey, Por Sen

and apartments.

contain the most basic of amenities

Chay, and Chaom Chao. There is also

like electric fans to keep out the

a scattering a low-cost rentals that can

Pich Sovann, director of Phnom Penh

Phnom Penh heat. These are rented

be found close to the city centre.

Daily Property, said the capital’s huge

for less than $100 a month.

population of migrant workers has

Tang Hour, president of Amatak

created a big market for low-cost

“Because they are affordable they are

Property Service, noted that low-cost

rentals. Many of these migrants are

popular with factory workers,” Sovann

rentals in the outskirts and suburbs

workers employed in factories, mostly

pointed out.

of Phnom Penh are also popular with

garment factories, in the Phnom Penh area.

students and staff of companies, Factory workers earn between $170

restaurants, hotels, and other

to $300 a month and allocate $50 to

businesses that earn between $200 to

A majority of the more than 1,700

$80 for rent. It was noted that some of

$300 per month.

factories operating in the Kingdom,

these people even shared a single unit

which employ close to one million

with some friends to further minimise

Phnom Penh is home to most of

people, are located in Phnom Penh

the rental cost.

Cambodia’s universities and other

and its suburbs.

institutions of higher learning.

2018 CAMBODIA REAL ESTATE

ED I TORI AL

Tang took issue with the poor hygiene

Virak added that there are people with

and security in areas where low-cost

bigger salaries who opt for low-cost

rentals are concentrated. “Some

housing. “There are some out there

locations [outside the central city]

with average earnings of $500 per

need to improve hygiene and security,”

month who rent rooms that fetch for

she stressed.

$100 to $200 per month,” he said.

Soth Virak, CEO of Huttons CPL, agrees

These houses, some of which are

that there is a big market for low-cost

located in the centre of Phnom Penh,

rentals in Cambodia’s capital city.

are equipped with the most basic of amenities and are devoid of luxurious

Noting that a big chunk of the

ones like refined furniture and

population falls in the under-39

furnishings.

demographic, he said that many of them go for cheap rental apartments

The cost of living in Cambodia is very

and houses in the meantime while

low. The Kingdom has some of the

saving to buy their own houses later.

cheapest housing rentals in the world.

“They opt to rent a cheap house before they can afford their own houses,” he said.

CAMBODIA REAL ESTATE 2018

View latest real estate news online at Realestate.com.kh.

2018 CAMBODIA REAL ESTATE

AD VERTO RIAL

CFI YOUR BEST BUSINESS AND INVESTMENT ADVISORY PA R T N E R

Cheng Fung Investment (CFI)

relationships with big corporations and

specialises in real estate,

the government.

hospitality, and finance, providing

“Our vision is to be the market leader and your ultimate partner with our

advice on investment, management

“Our team is highly experienced in a

outstanding level of services, together

and marketing for clients as

wide range of markets from real estate

with professional expertise to achieve

varied as hotels, restaurants, real

to finance, tourism, and business

your business goals,” she said.

estate developers, construction

consulting,” Buth Kerady, CFI CEO, said.

companies, banks, microfinance

“To achieve this, our mission is

organisations and insurance

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companies.

identify the strengths, weaknesses,

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planning in the Cambodian market. We

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boost investment in the country. We

to provide outstanding professional

Kerady said CFI will provide all the

can also draw up clear and strategic

services. Our commitment is to deliver

expertise for investors to understand

business plans to provide outstanding

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the Cambodian market. The company’s

one-stop professional services for all

Kerady said the company is based on

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The company draws on close

CAMBODIA REAL ESTATE 2018

and ethics.

A DV ER TO R I A L

“We are the best institution for you

entered Cambodia in different

to ensure satisfaction because we

forms, including groups of business,

consider personal interaction as the

corporate, branches, joint-investment

key to ensuring every client’s business

projects, and other projects.

is run according to their needs.” “With the increase of foreign direct According to Council for the

investments into the Kingdom year-

Development of Cambodia (CDC), the

on-year, particularly from China,

government agency responsible for

it requires to have a professional

investment activities in Cambodia,

consulting firm provide the best

committed investment from foreign

advisory services to investors on their

countries grew from $2.9 billion in

business activities and investments,”

2012 to $3.6 billion in 2016. Among

the CFI CEO added.

these, Chinese investors were the most active.

Canadia Tower, 26th Floor, Phnom Penh, Cambodia 12200

Last year, Chinese investments worth

invest@chengfung.com

$5.3 billion made China the number

(+855) 76 666 8896

one investor in Cambodia. Chinese

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investors are investing in almost all fields, from energy to infrastructure, tourism, real estate, finance and

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human capital. Chinese investors

2018 CAMBODIA REAL ESTATE

CAMBODIA REAL ESTATE 2018

2018 CAMBODIA REAL ESTATE

CAMBODIA REAL ESTATE 2018

2018 CAMBODIA REAL ESTATE

CAMBODIA REAL ESTATE 2018

FE A T U R ED A GENT

Knight Frank

023 966 878

Thereâ&#x20AC;&#x2122;s a human element in the world of property that is too easily overlooked. At Knight Frank we build long-term relationships, which allow us to provide personalised, clear and excellent service on all areas of property in all key markets.

enquiry@kh.knightfrank.com

www.knightfrank.com.kh

Veal Vong

BKK 1

With 1, 2, or 3 bedrooms, and with stunning interior and exterior. Does not lack in living amenities, provides access to swimming pool and close to seat of Government. Perfect for the fast-paced professional.

This modern apartment represents the very best in rental property. Has a private balcony, well-equipped kitchen, and provides access to fitness center and a rooftop pool. Surrounded by amenities and conveniences.

Condo For Sale - $210,000

Serviced Apartment For Rent - $900/month

Prey Nob

Tonle Bassac

An icon of modernity, comfort, and luxury. This condo is close to the many amenities, conveniences, and beaches of Sihanoukville. Is secure, while providing stunning ocean views. Offers a choice of 1,2 or 3 bedrooms.

This fully-furnished apartment is located close to touristy Riverside and all the conveniences it brings. Its amenities, which are among the best, include high-speed internet and 24-hour concierge, security, and maintenance.

Condo For Sale - $44,300

Apartment For Rent - $800/month

Chroy Changvar

Tonle Bassac

This 1-bedroom condo offers panoramic river views, while not sacrificing comfort and luxury. Comes with gorgeous interior and exterior and high-end amenities like infinity pool.

This rental apartment is airy and receives plenty of natural light. The interior and exterior are stunning, with amenities like lift and swimming pool readily available. Close to retail shops and other conveniences of modern life.

Condo For Sale - $51,250

Serviced Apartment For Rent - $1,700/month

Wat Phnom

Chaktomuk

Great location, amenities, and conveniences and incorporates the latest in building technology, including UV rated glazing. Close to Vattanac Tower, Canadia Tower, & US Embassy. With a large private terrace.

This rental penthouse is unrivalled in beauty and quality. Provides for private, secure, comfortable, convenient, and luxurious living. Fully-furnished with access to swimming pool.

Apartment For Sale - $170,000

Condo For Rent - $5,000/month

Tonle Bassac

Tuek Thla

This 2-bedroom property is beauty, comfort, luxury, and convenience rolled into one. Facilities include saltwater pool and BBQ area. Fit for the best and the elite.

Are you a local or foreign business locator looking for office space? This great office complex fronting Russian Boulevard is reasonably priced for all the qualities and conveniences it offers. Offers adequate parking space.

Condo For Sale - $254,505

Office Space For Rent - $15/m2

2018 CAMBODIA REAL ESTATE

FEA TURED AGENT 023 727 077 www.ncmaxworld.com enquiries@ncmaxworld.com

Phnom Penh Thmey

Kampong Speu

1,933 sqm of land for sale in Phnom Penh Thmey, an up-andcoming part of Phnom Penh that is close to Cambodiaâ&#x20AC;&#x2122;s largest shopping complex- Aeon Mall 2; and a host of residential and mixeduse developments like New World Sen Sok, Peng Huot Toul Kork, Chip Mong Toul Kork, and Camko City.

Located along National Highway 4 in Kampong Speu, this 12-hectare land is a long â&#x20AC;&#x201C;running mango farm whose produce are collected every year by Chinese and Thai companies for export. This is a very good investment, with the land grossing no less than $100,000 annually.

Land For Sale - $1,250/m2

Land For Sale - $13/m2

7 Makara

Koh Kong

This double shophouse, which can be used for residential and commercial purposes, is a good catch in the 7 Makara area of the capital, a place that is close to the many amenities and conveniences of modern living.

Want to buy a white sand, beach property for the cheap price of 20/ sqm? There is no better choice than this property for sale in Koh Kong, a picturesque coastal province. Excellent location for a resort or mixed-use development.

Double Shophouse For Sale - $650,000

Phnom Penh

Sihanoukville

This hotel for sale is ideally located in the center of Phnom Penh where tourists congregate, with stunning views of a nearby river and being surrounded by retail shops, entertainment centers, schools, banks, etc.

A 53-hectare lot for less than $500K? You might not believe this, but that is the selling price for a big tract of land in a fast-developing area of Sihanoukville close to the Sihanoukville International Airport. Is a good location for factories, tourist facilities, commercial buildings, etc. Huge bargain!

Hotel For Sale - $2,270.62/m2

BKK 3

For less than $2 million, you will own a hotel in the heart of Phnom Penh with 80 rooms and 80% occupancy. This is what you will get for the well-furnished furnished hotel with an area of 5,131.50 sqm.

Aptly described as a high-rental return property investment, this 18-story, fully-furnished condo development is located in BKK 3 of Phnom Penh. Has 52 stunninglydesigned and furnished units with projected combined rental income of $45k.

Apartment For Sale - $6,700,000

Phnom Penh

Sen Sok

Located close to Borey Peng Hout Beoung Snor 2, a residential condo development in Phnom Penh slated for completion next year. Has an area of 63 sqm that can be used either as a residence or for commercial purposes.

Want to own land in a future commercial area of Phnom Penh? This hard-titled, 1,469 sqm on Hanoi St. in Sensok District is the ideal choice. Development prospects for this area is excellent, with Aeon Mall 2, Grand Phnom Penh, markets, residential developments, etc. close by.

House For Sale - $290,000

4 CAMBODIA REAL ESTATE 2018

Land For Sale - $8/m2

Daun Penh

Hotel For Sale - $1,754/m2

Land For Sale - $20/m2

Land For Sale - $950/m2

FE A TU R ED A GENT 023 727 077 www.ncmaxworld.com enquiries@ncmaxworld.com

Daun Penh

Koh Pich

Rental building ideally located near the famous Riverside. Is a big building of French design, with multiple rooms, and stunning views of surrounding areas. Surrounded by Night Market, supermarkets, schools, restaurants, residential developments, and commercial areas.

This rental shophouse in located in one of the most-developed parts of the city-Diamond Island. Its strategic location means that you don’t need to go far to look for such life’s conveniences as schools, restaurants, cafes, sports and recreation areas, entertainment spots, banks, etc.

Building For Rent - $38,000/month

Shophouse For Rent - $9,000/month

Chamkarmon

Chroy Changvar

Guesthouse with high investment potential in central Phnom Penh. Two floors can be converted into additional office space or a massage space. Sovanna Shopping Center, schools, apartments, and commercial buildings are at your doorstep.

This is an ultra-modern, 2-storey villa for upscale living in an upand-coming part the city. Located in a highly-convenient area where restaurants, hospitals, markets, and other commercial establishments are a common sight.

Guest house For Rent - $16,000/month

Villa For Rent $2,500/month (negotiable)

Phnom Penh

Kampong Speu

Occupants will have access to such amenities as skybar, restaurant and bar, coffee shop, and steam room. Located in Riverside and with prime river views. Markets, restaurants, banks, shops, hotel, apartments and bars are in the vicinity.

For investors hoping to take advantage of Cambodia’s rapid economic rise and seeking production facilities, this big warehouse in Kampong Speu of size 5,880 sqm to 14,585.8 sqm is a good catch. Along one of Cambodia’s main roads, National Highway 4.

Hotel For Rent - $12.97/m2

Warehouse For Rent - $1.6/m2

Toul Kork

Phnom Penh

This is a luxurious residence for comfortable living in one of the most accessible and convenient areas of the city. With 24-hour security and access to a swimming pool. Schools, retail shops, markets, hospitals, etc. are a short distance away.

For less-than the common rate, you can rent a big hotel with 51 rooms. A highly-accessible corner property close to the Central Market, Olympic Stadium, and Vattanac Tower. With a good parking space for buses and other vehicles.

Villa For Rent - $3.65/m2

Hotel For Rent - $15,000/month

Daun Penh

Sen Sok

Surrounded by major amenities, this 5-storey hotel for rent occupies 594 sqm of land area. It has 99 rooms of 4 types, sizes ranging from 16-22 sqm. It is equipped with one lift, one staircase and over 20 parking lots.

Shophouses sized 73 sqm for sale or rent in Borey Moon Town. The well-designed shophouses double as a great residence for families and an excellent location for a business enterprise. Prime investment opportunity!

Hotel For Rent - $18,000/month

Shophouse For Rent - $650/month

2018 CAMBODIA REAL ESTATE

F E A TURED AGENT

Cambodia Properties Limited

023 555 5566

CPL provides a full range of real estate and valuation services to developers, owners, occupiers, investors, financial sectors and other relevant stakeholders.

info@cplagent.com

http://www.cplagent.com

Ta Khmau (CPL-A0450)

Sen Sok (CPL-O1293)

With easy access to Ta Khmau, where many essential conveniences like banks, schools, restaurants, etc. can be found. Has a good investment potential, with a range of factories and development projects close by.

Want to own a guesthouse close to top shopping options? No need to look far. This 23-room guesthouse for sale is only 15 minutes away from Aeon Mall 2 and Makro Supermart. With excellent investment potential.

Land For Sale - $80/m2

Commercial Property For Sale - $1,500,000

Ta Khmau (CPL-A0449)

Siem Reap (CPL-O1269)

This big lot is ideally located along National Road 21, and 10 minutes out of Krong Ta Khmau. Excellent location for warehouse, factory, or a farming project. Comes with a hard title.

A good buy in a touristy area! This 3-bedroom, hard-titled villa in Siem Reap is in an area surrounded by hotels, resorts, and other villas. Excellent choice as a residence or for business purposes.

Land For Sale - $280/m2

Villa For Sale - $120,000

3 Chamkarmon (CPL-O1294)

Por Sen Chey (CPL-A0448)

This is an excellent choice. Warehouse is located in Chamkarmon, where businesses are thriving and expanding. Large enough to support a business. You should not miss this opportunity!

Do not miss this opportunity! Big land selling at a reasonable rate in a fast-developing location in Phnom Penh. Good location for building a garage or office.

Warehouse For Rent - $8,000/month

Land For Sale - $750,000

Toul Kork (CPL-A0485)

Siem Reap (CPL-O1273)

Want to own a land with good investment potential within a commercial hub? This lot in Toul Kork is the best choice. Hard-titled and good location for building a condo or apartment, or for business purposes.

Want to have a property to start a boutique business? This is the one you are looking for. Has 11 bedrooms and hard-titled. In an ideal location in Siem Reap, with restaurants, banks, hotels, shopping centers, etc. around it.

Land For Sale - $780,000

Commercial Property For Sale - $520,000

CAMBODIA REAL ESTATE 2018

Por Sen Chey (CPL-A0487)

Siem Reap (CPL-O1274)

Best location and ample spaces! A fitting description for this flat house in a fast-developing area of Phnom Penh. Conveniently close to shops, schools, parks, etc. Spacious for children and pets, and good potential for upgrade/expansion.

A huge land with good investment potential in a growing area of Siem Reap. In an area surrounded by hotels, international schools, and other amenities. Is hard-titled.

Flat For Sale - $110,000

Land For Sale - $250/m2

4 78

FE A TU R ED A GENT

995 Home International Property Management Co.,Ltd.

011 582 688

Specializes in Property Rental Management.

Info@995home.com

www.995home.com

BKK 3

Kakap

Want to avoid Phnom Penh’s flooding problem? This 1-room apartment in Chamkarmon is the answer you are seeking. Well sought-after amenities like laundry service, parking, and commercial areas included.

Looking for a place close to Phnom Penh Airport? This apartment in Porsenchey is the perfect choice. Comes fully-furnished and provides for comfortable and convenient living, while also close to the Ratana Plaza, etc.

Apartment For Sale - $144,978

Apartment For Rent - $400/month

BKK 3

An epitome of luxury, this tworoom deluxe apartment can be converted into an office. Sitting in an area that is coveted by many for its accessibility and convenience. Reasonably priced.

Simple, yet elegant! Beautifully designed and amenities within are arranged well for the convenience of its would-be occupants. Highlyaccessible and convenient, with an excellent string of shops, markets, restaurants, etc. nearby.

Apartment For Sale - $153,361

Apartment For Rent - $800/month

BKK 3

Tuek L’ak 2

Secure! Convenient! and Beautiful! The best description for this single-room property for sale in the heart of Phnom Penh. Occupants are assured of living in comfort and style.

This 1-bedroom rental apartment in Toul Kork is close to banks, cafes, fine-dining restaurants, international schools, and markets. Fully-furnished with access to such luxuries as swimming pool and skybar.

Apartment For Sale - $157,744

Apartment For Rent - $530/month

BKK 1

Kakap

This 3-bedroom luxury condo sitting in Phnom Penh’s safest and most accessible neighborhood will not disappoint the lucky buyer. You have a lift, balcony, video security, and many others as additional perks.

Cheap rental for all the advantages, conveniences, and amenities it offers! Fully-furnished, and with excellent interior and exterior. Sitting close to Ratana Plaza and Phnom Penh International Airport

Apartment For Sale- $390,000

Apartment For Rent - $350/month

Tuek L’ak 2

Kakap

This 13-story apartment has 36 rooms that can be rented out for a handsome return, is located in an investment hotspot, and is not lacking in amenities for a life welllived amidst the din and bustle of a modern city.

Do you travel frequently by air? No better choice than this handsome, 1-room abode near the Phnom Penh International Airport. Beautiful inside and outside, with basic amenities readily available.

Apartment For Sale - $2,500,000

Apartment For Rent - $280/month

2018 CAMBODIA REAL ESTATE

FEA TURED AGENT

South East Asia Property Services We can find the right property for you!

Eng: 012 828 625 Khmer: 023 214 322 www.seaps.asia contact@seaps.asia

Phnom Penh

BKK 1

This hotel in the heart of Phnom Penh, which is also close to popular tourist spots, has 47 rooms, ample parking spaces, and a restaurant, and close to such places as the Royal Palace, National Museum, and Riverside.

Fully-furnished with a balcony, 24hour security, and ample parking spaces. Retail shops, hotels, schools, etc. are conveniently close. A contemporary residence right in the middle of the city.

Business For Sale - $300,000

Apartment For Rent - $2,450/month

BKK 3

5-Star hotel service in a condo! Condos in a sought-after residential area of Phnom Penh is equipped, and serviced to the highest standards. With access to luxurious amenities like infinity pool and business center.

2-story villa right in the center of the city. A perfect choice if you are seeking privacy, security, comfort, and luxurious living. Spacious and has big parking space. Conveniences of modern urban living are a short distance away.

Condo For Sale - $144,397

Villa For Rent - $3,500/month

Tonle Bassac

Toul Tum Poung 2

This condo is stunningly designed, furnished, and provides free access to a gym, parking, and a swimming pool. Shopping and other conveniences at your doorstep, with Aeon Mall and an excellent string of retail shops close by.

Renting this spacious, comfortable apartment provides the rare opportunity of living in one of the most popular residential areas of Phnom Penh. Bedrooms are en-suites with simple, yet elegant design.

Condo For Sale - $619,000

Apartment For Rent - $600/month

Tonle Bassac

A 2-bedroom, 2 bathroom condo in Koh Pich that boasts of a modern kitchen and access to luxuries of modern living like swimming pool. Provides stunning views of the city, while also close to Aeon Mall, banks, and plenty other amenities.

This stunningly-beautiful apartment in one of the most desired areas of Phnom Penh is a great choice. Spacious, secure, fully-furnished, comfortable, easily accessible, conveniently located, and impressed with luxury.

Condo For Sale - $394,000

Apartment For Rent - $1,200/month

Sihanoukville

Daun Penh

Fully serviced apartments in Sihanoukville. Secure, comfortable, and provides luxury and privacy, while also conveniently located. Residents have free access to swimming pool, parking, fitness center, skybar and other luxuries.

Located a few meters away from Wat Phnom, Raffles Hotel, Vattanac Tower, Cambodia Railways, and US Embassy. Fully-serviced and stunningly furnished. Offers a choice of penthouse and 1,2, and 3-bedroom units.

Condo for sale - $42,800

Apartment For Rent - $1,500/month

CAMBODIA REAL ESTATE 2018

BKK 1

FE A TU R ED A GENT

YI FUNG Real Estate Services

023 986 300

We offer an easy to navigate home search experience. Whether you are at home or on-the-go, we make it easy for you to access our property database.

info@yifung.co

www.yifung.co

Sen Sok

Por Sen Chey

Looking for a prime lot with huge investment potential? This land for sale is surrounded by AEON Mall 2, Borey Peng Huoth, Chip Mong Group borey, and other residential developments. This land is in a good location for a condominium or shopping mall.

This rental property provides the rare opportunity of settling your family or to turn into your office, in a nice modern villa constructed by a renowned and topnotch builder. Meticulously built to detail and incorporates quality upgrades.

Land For Sale - $950/m2 Land Size: 1.7 hectare

House For Rent - $2,700/month

Daun Penh

Chroy Changvar

This is a luxury condominium for sale in the heart of a popular residential area in Phnom Penh. Provides stunning views of Phnom Penh and surrounding areas. Located a kilometer away from the Royal Palace. Smart choice for a buyer.

A beautiful iconic commercial building where you can setup your business, sized 800m2., with six floors and located along National Road 6. Best for office/ commercial/ residential purposes.

Condo For Sale - $135,000

Commercial Property Total Size - 800m2 For Rent - $2,800/month

BKK 1

Comes with the best city views, managed by the best property mgt. company in the country, and with 24-hour security. Good as a residence or as an investment. Conveniences like restaurants and malls only a few minutes away.

The epitome of luxury, comfort, and convenience. Comes with high-end amenities and surrounded by coffee shops like Starbucks and Brown Coffee; popular restaurants; retail shops; and supermarkets.

Apartment For Sale - $450,000

Apartment For Rent - $800/month

Toul Kork

Toul Tum Poung 2

This land for sale offers a great opportunity to own a land for future development in the center of Phnom Penh. Only a few minutes away from TK Avenue, an important and well-known landmark in the city.

Spacious, well-equipped, and comfortable office spaces now available for rent along Mao Tse Tung Blvd., one of the most ideal locations for an office or business in Phnom Penh.

Land For Sale - $2,500/m2 Land size: 2,199m2

Office Size - 60m2 - 300m2 For Rent - $17/m2

Toul Kork

7 Makara

Rare opportunity to purchase land at below market price. With land size perfect for small development in the best residential/commercial areas within Phnom Penh city. This is a one in a lifetime chance to secure for mid term investment or immediate development.

This one-bedroom apartment for rent is in a prime location. Close to Monivong Blvd., an investment hotspot, and walking distance from Prince Phnom Penh Tower, Lucky Mart, cafĂŠ, restaurants and other conveniences of modern life.

Land For Sale - $2,100/m2 Land size: 501m2

Apartment For Rent - $500/month

2018 CAMBODIA REAL ESTATE

FE A TURE D AGENT

Lucky Property Services

012 623 398

Lucky Property Services (LPS) is a real estate company that specializes in renting, selling, buying and managing real estate and other properties.

info@luckypropertyservices.com

Kampot (ID:3676)

Chroy Chongvar (ID:3666)

This 720 sqm roadside land is reasonably priced with a soft title. Located just a few kilometers from the center of Kampot. Filled with greenery and offers a breathtaking view. Good investment opportunity in one of the of the up-and-coming provinces of Cambodia.

Buy cheap in a fast developing area of Phnom Penh! This 3-hectare tract of land selling in the Chroy Changvar area is a bargain for all the advantages it brings. Its location mean that there is no better place to set up a warehouse or commercial building.

Land For Sale - $150,000

CAMBODIA REAL ESTATE 2018

Land For Sale - $1,800,000

Kampot (ID:3673)

Kandal (ID:3679)

Big land offering a huge investment opportunity! 10 hectares of hard-titled land for sale close to a mountain in Kampot, a province with excellent prospects for growth in the coming years. A place frequented by numerous tourists, making it a perfect location for a resort or hotel project.

Want to invest on a riverside land not far from Phnom Penh? This a good choice you will never regret. This 575 sqm land is close to the road and river in Kandal Province, and an excellent site for a villa, restaurant, coffee shop or warehouse. Soft-titled and in a very safe area.

Land For Sale - $1,000,000

Land For Sale - $260,000

Kampot (ID:3671)

Kandal (ID:3702)

Another beautiful roadside land with good investment potential for the taking. This 1,200 sqm, soft-titled land for sale in Kampot is surrounded by many other lots with good investment prospects. Along a main road and very accessible, making it a good place to build a residence or commercial building.

Good find, good buy in a soonto-be developed area! With development expanding out of Phnom Penh into nearby areas like Kandal, this huge, soft-titled 35,910 sqm land is a bargain with promise of hefty returns in the future. Excellent location for a commercial building.

Land For Sale - $250,000

Land For Sale - $3,591,000

Kampot (ID:3675)

Kandal (ID:3701)

Located close to Dong Prek River Park, a wildly popular area for kayaking and ziplining. With calming and stunning views of a sparkling, pristine river, making it a great place to set up a residence or vacation home. This hard-titled, 2,400 sqm land is selling at a very reasonable rate.

Do not miss another investment opportunity in Kandal! This softtitled land for sale promises huge returns to the buyer, being in a highly-accessible area close to Phnom Penh where development is moving to. Lot is an excellent location for a house or commercial establishment.

Land For Sale - $250,000

Land For Sale - $450,000

Kampot (ID:3202)

Kandal (ID:3699)

Want to build a resort close to one of the most beautiful rivers in Cambodia? This big, 8,524 sqm land close to the River Park in Kampot will not disappoint you. The areaâ&#x20AC;&#x2122;s tourism potential and the presence of plentiful water supply makes it an excellent location for a mini-resort, bungalow, warehouse and farm.

An apt description for an 8.5-hectare land for sale in Kandal Province. Located a few miles from Phnom Penh, in an area that is beginning to attract local and foreign investors. With a soft title, very accessible and with excellent investment prospects.

Land For Sale - $767,160

www.luckypropertyservices.com

Land For Sale - $489,500

FE A TU R ED A GENT

Daily Realty

077 747 000

We are the best, fastest, and most honest option to help you invest in the real estate sector.

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Russey Keo

Praek Aeng

Buying this villa will give you the rare opportunity to own a residence with all the classic tables, chairs, etc. With 4 bedrooms, 2 living rooms, 1 office room, and a swimming pool. Conveniently located close to downtown Phnom Penh.

A bargain! This villa sits on a big, sprawling land on a choice location in the heart of Phnom Penh. Has 4 bedrooms, 12 parking spaces, and a nice, well-designed garden. Conveniences like shopping centers are close by. Is hard-titled.

Villa For Sale - $770,000

Villa For Sale - $550,000 (negotiatiable)

ravydaily@gmail.com

Praek Aeng

Phnom Penh Thmey

Prime lot for sale in one of Phnom Penhâ&#x20AC;&#x2122;s fastest-developing areas. Easily accessible and close to many conveniences and amenities. Good investment and good location for residence or for business purposes. Is hard titled and price is negotiable.

Good location and good price! Best description for land selling in the developing area of Sen Sok. Perfect location for a villa, office building, condo, and all kinds of businesses. Ensures good investment return and with a hard title. Price is negotiable.

Land For Sale - $1,200,000 (negotiatiable)

Land For Sale - $2,152,800 (negotiatiable)

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