IPS Cambodian Property Investor Issue 04

Issue 04

ips-cambodia.com

IPS EXCLUSIVE! Property Valuation Maps 2017

GRAB YOUR

FREE COPY

INVESTOR’S PERSPECTIVE ON PROPERTY PURCHASE & MANAGEMENT

CAMBODIA: SUSTAINED ECONOMIC GROWTH

PROPERTY INVESTMENT IN CAMBODIA: RETURN ON INVESTMENT

2 | Cambodian Property Investor

WELCOME NOTE

CAMBODIA is not just a hot destination for tourists.

Property investors from foreign shores are arriving in significant numbers, some with realistic expectations and others blithely unaware of the challenges and opportunities the Cambodian property market has to offer.

In our fourth edition of the Cambodian Property Investor, we focus on the reality of the property investor market. Country Manager Grant Fitzgerald takes us through a real world example of rates of return in Cambodia. I interview an international client who gives us an investor’s perspective on purchasing as a foreigner through IPS. We also touch on the reasons why Cambodia’s property market continues to thrive and we put forward options aplenty for those ready to commit to the Phnom Penh and Siem Reap property market. Sit back, relax and get to know the property investment scene in Cambodia.

David Murphy, Managing Director

IPS-Cambodia | 3

CA MBODIAN PROPE RT Y INVE S TOR IPS - Cambodia | www.ips-cambodia.com

Managing Director David Murphy Country Manager Grant Fitzgerald Branch Manager for Phnom Penh Malay Nop Marketing and Communications Jillian Oco Head of Property Management Syto Nhiev Head of Valuations Cheavly Leang Design Ryan Fernandez Layout Ramir Cambiado Cover Robert Kleiner Printing Sok Heng Printing

IPS - CAMBODIA’S PREMIER PROPERTY AND REAL ESTATE COMPANY. PHNOM PENH #182 Street 63 BKK 1 | +855 77 959 861

SIEM REAP #618 Wat Bo Road | +855 17 843 423

ABOUT CPI MAGAZINE Cambodian Property Investor magazine is a product of IPS (Independent Property Services) with the aim to provide an up-to-date information and advice on real estate, targeting both expatriate and Khmer investors and provide them with practical information on Cambodia’s thriving property and lifestyle environment.

ABOUT IPS CAMBODIA IPS (Independent Property Services) was established in 2009 to meet the growing needs of International Businesses to successfully locate their staff and business operations in the emerging Cambodian market. Today, IPS is the leading agent in the booming Cambodian real estate market, with two offices in Phnom Penh and Siem Reap, and 30 staff providing premium real estate opportunities for international and local clients.

ADVERTISING INQUIRY marketing@ips-cambodia.com

PROPERTY INQUIRY inquiry@ips-cambodia.com

4 | Cambodian Property Investor

Contents Issue 04 | Cambodian Property Investor

FEATURED 6

INVESTOR’S PERSPECTIVE 10

FEATURED 14

PROPERTY INVESTMENT IN CAMBODIA: RETURN ON INVESTMENT

INVESTOR’S PERSPECTIVE ON PROPERTY PURCHASE & MANAGEMENT

CAMBODIA: SUSTAINED ECONOMIC GROWTH

IPS’ Country Manager Grant Fitzgerald talks about the different forms of returns; rental yield and capital growth

IPS’ Managing Director David Murphy catches up with the investor of two properties in Cambodia

Read about the underpinning rise and transformation of Cambodia over the years

IPS EXCLUSIVE

CLASSIFIEDS

LIFESTYLE

18

21

34

PROPERTY VALUATION MAPS 2017

IPS-CAMBODIA’S EXCLUSIVE PROPERTIES

PHOTO HIGHLIGHTS: CITY OF WONDER

Phnom Penh’s general land market price

The finest Phnom Penh and Siem Reap’s properties for rent and sale

Presenting the Cambodian culture, lifestyle and stories through photographs

IPS-Cambodia | 5

PROPERTY INVESTMENT IN CAMBODIA: RETURN ON INVESTMENT

BY GRANT FITZGERALD

A

“ re you looking to buy property for a home or as an investment?” It’s one of the first questions a prospective buyer will be asked by an agent or vendor, but why does it matter? The difference is this; when buying a home, it’s an emotional decision where monetary returns are set aside in favour of thoughts of comfort, homeliness and happiness. On the flip side, a good investment property will provide you with a return on your investment in the form of rental income and capital growth which will allow you to grow your overall wealth. In the Cambodian real estate market, whether it be land, villas, condos or apartments, a good proportion of buyers, especially foreigners, buy property as an investment. Let’s look at the different forms of return; rental yield and capital growth.

RENTAL YIELD is the rate of income return over the total purchase cost of an investment property where income is derived from rent. To put it simply, it is how much more you’re making on an annual basis versus your initial investment. Currently, annual rental yields in Cambodia of between 6% - 8% are still very much attainable. Having a property tenanted is extremely important to achieving your desired Return On Investment (ROI) as the rental income for apartments in Cambodia constitutes the majority of your investment return. Residential leases here are generally 12 months, provide a regular and dependable income stream which should produce positive cash flows when compared with most investment alternatives.

CAPITAL GROWTH is the appreciation in the value of an asset over a period of time, usually expressed as an annual percentage. An average rate of capital growth in Cambodia is extremely hard to pin down as rates vary greatly according to property type and location. For example, current capital growth on a renovated apartment can range from 1% - 5% annually.

Whereas capital growth on land in Chbar Ampov can vary from 3% - 20% (note that generally, land does not provide an income stream).

Whilst capital growth and rental yield are often looked at separately, they should be combined to get a true understanding of the value proposition. This is because properties usually increase in value due to market and property improvement increasing both the rental yield and the value of the property.

As a rule, I recommend IPS investors look at

6 | Cambodian Property Investor

INVESTMENT PROPERTY St 115 Bedroom Apartment, 3rd Floor

Amount

Actual Purchase Price Due Diligence Nominee Security Documents Size (sqm) Renovation (per sqm) TOTAL INVESTMENT

$50,000 $550 $1,500 65 0 $52,050

Current Monthly Rent (July 2016-July 2017)

Yearly Rate Less MGMT Fee (10% monthly revenue Less Vacancy Less Maintenance Expenses (5% of rent) TOTAL INCOME

$500 $6,000 $600 $500 $300 $4,600

RENTAL YIELD

8.8%

PREDICTED CAPITAL GROWTH

3.0%

TOTAL RETURN ON INVESTMENT

11.8%

properties that provide an immediate income stream, that is, a property that is ready and desirable to rent.

Having the option to buy “off the plan” has been a recent development in Cambodia, however, whilst buying off the plan may be desirable due to the fact that you don’t need 100% of the funds upfront (installment payments are made), the reality is that you have to wait until the project is completed (effectively taking on project risk) and handed over before you can get return on your investment. Here in Cambodia, this can mean waiting for 2 years or more, during which time your money is not working for you and your only ROI - capital growth - is purely at the mercy of the market.

One of the most popular products we have on the market for investors is newly renovated apartments in central Phnom Penh. A tastefully renovated apartment in a central location with a good entrance is extremely rentable and can provide returns of over 10% per annum.

Let’s look at two real world examples to understand the returns available from these types of properties: Property 1 - 1 Bedroom, 53 sqm apartment located in 7 Makara (central Phnom Penh) This property was purchased by a foreign investor in July 2016 and to be completely upfront, was picked up for a bargain. Taking into account the due diligence background check and set up of the nominee security documents the total outlay was just over $52,000. It took one month to find a tenant, our client pays us a monthly fee to manage the property on his behalf.

Taking all this into account our client makes a very healthy 8.8% rental yield and when you factor in a modest capital growth the total return on investment comes in at just under 12% per year. This is a brilliant little investment.

Property 2 - 2 Bedroom, penthouse apartment located in Bkk1 The table below shows the breakdown of the initial investment, including the purchase price, due diligence on the property and set up of the nominee documents (assuming the buyer is a foreigner); the total investment outlay is $282,050. The property is already tenanted until October 2017 with rent locked in at $1,650/ month, but erring on the side of caution we still factor in one-month vacancy and some maintenance on the property. The breakdown is quite conservative and it still delivers a solid 6.1% rental yield. When you add on a moderate capital growth of 2% the total ROI reaches 8.1%.

POTENTIAL INVESTMENT PROPERTY (CODE 3787) St 63-2 Bedroom Apartment, 3rd Floor

Amount

Predicted Purchase Price Due Diligence Nominee Security Documents Size (sqm) Renovation (per sqm) TOTAL INVESTMENT

$280,000 $550 $1,500 157 0 $282,050

Current Monthly Rent (Oct 2016-Oct 2017)

Yearly Rate Less MGMT Fee (10% monthly revenue Less Vacancy Less Maintenance Expenses (5% of rent) TOTAL INCOME

$1,650 $19,800 $0 $1,650 $990 $17,160

RENTAL YIELD

6.1%

PREDICTED CAPITAL GROWTH

2.0%

TOTAL RETURN ON INVESTMENT

8.1%

IPS-Cambodia | 7

8 | Cambodian Property Investor

IPS-Cambodia | 9

INVESTOR’S PERSPECTIVE ON PROPERTY PURCHASE & MANAGEMENT

Managing Director David Murphy catches up with IPS

client Simon Vallegra. Simon met with IPS some three years ago to get a feel for the Phnom Penh property scene. Simon and wife Natalie have purchased two properties with IPS and have also engaged IPS to provide the ongoing management of the investments.

1. WHAT ATTRACTED YOU TO INVEST IN PROPERTY IN CAMBODIA? SV: It all started by coincidence. We stopped by Phnom Penh for few hours on our way to Angkor Wat and we had a good impression of the city; we decided to return a second time for a vacation and were charmed by Phnom Penh’s colonial atmosphere; there is no other capital city in Southeast Asia which has retained to the same style and charm. At that time, we were looking for a property investment in Southeast Asia and thought it would be worthwhile looking into Phnom Penh. We were after good return on investment but also after a property we would enjoy owning and, possibly, some day, living. We wanted something charming and unique.The decision of investing in Phnom Penh has proven successful so far; we own two properties we love, which are providing good return on the investment.

2. HOW DID YOU RESEARCH THE CAMBODIAN PROPERTY MARKET? SV: We scheduled appointments with a few agencies we sourced through the internet; then we travelled to Phnom Penh 10 | Cambodian Property Investor

for face-to-face meetings; a couple of agencies were very eager to show us properties and within a couple of hours attempting to close us on either property A or B. When we met with IPS, the managing director welcomed us in person and, as a first thing, mentioned we would have to invest time in going through the opportunities but also the risks of Cambodian property investment; it took few minutes to us to conclude: “those are the guys we want to do business with”.

3. HOW DID YOU FIND THE SALE PROCESS? WAS THERE ANYTHING IN THE SALE PROCESS THAT REALLY STOOD OUT FOR YOU? SV: We felt that the people at IPS understood the concerns crossing our minds with regard to risks associated to property investment in Cambodia, and found the right way to guide us through the emotions. Should they have had less patience in educating us and guiding us through the specifics of property investment in Cambodia, we would have likely walked away; we would have likewise walked away should we have had, at any steps of the process, doubts we could trust their advice. In the end, the purchase was an act of trust: the IPS team gave us confidence we could trust their advice, and we have never regretted the decision of trusting them so far.

4. YOUR PROPERTIES ARE OWNED UNDER SOFT TITLE, HOW WERE YOU ABLE TO SECURE YOUR INVESTMENT AND HOW DOES THIS WORK ONGOING?

SV: Every foreign investor in the Cambodian property market, should make efforts to understand the difference between “soft” and “hard” title as well as the options available in term of ownership; with exceptions limited to tasteless units in newly-built condos, foreign investors cannot own properties in Cambodia, in the sense of freehold title ownership; however there are contractual options to ensure the investment is secured and investors can enjoy properties as materially theirs. IPS advised us on how to contractually structure a deal providing a reasonable degree of security and we have never felt our investment at risk. Do not waste your time with agencies not explaining you the options and the risks associated with foreign ownership; this is at the foundation of property investment in Cambodia and you shall have a full understanding of it.

6. YOU HAVE USED IPS AS BOTH SALE AGENT AND MANAGING AGENT FOR THE PROPERTIES HOW HAVE YOU FOUND THE EXPERIENCE AND WOULD YOU RECOMMEND THEM?

5. THE PROPERTIES WERE PURCHASED AS AN INVESTMENT, HOW HAVE THE RETURNS STACKED UP?

7. ANY ADVICE YOU WOULD LIKE TO GIVE TO PROSPECTIVE CAMBODIAN PROPERTY INVESTORS?

SV: We have been consistently enjoying rental yields at 2-plus times the return we would be getting in more mature property markets in Southeast Asia, with much lower capital investment required.

“We have been consistently enjoying rental yields at 2-plus times the return we would be getting in more mature property markets in Southeast Asia, with much lower capital investment required.”

SV: Ensure you understand the risks associated with Cambodian property investment, invest in properties which are unique and can drive long-term capital appreciation, and, ultimately, do not try to figure out Cambodia yourself, rely instead on an expert partner you can trust. Our experience is that having IPS as our business partner has been a great move for us, we are experiencing very strong returns on our investments with a minimum of risk.

SV: We live oversea, we know nothing about Cambodia and have no relationships in place in Cambodia; we need a partner we can trust and IPS have demonstrated their trustworthiness over the number of years we have been working with them. We would definitely recommend IPS - both in sales agent and in managing agent capacity - to prospective investors in Cambodia. Add the guys at IPS are nice guys indeed! We enjoy stopping by for a hi all the times we are in town, even when we have no business to address.

We have been consistently enjoying rental yields at 2-plus times the return we would be getting in more mature property markets in Southeast Asia, with much lower capital investment required.

*Clients names have been changed to protect their identity.

IPS-Cambodia | 11

Top Five Financial Tips for Expats in Cambodia Budget, budget, budget!

With so many options to wine, dine and travel in Cambodia, budgeting couldn’t be more important. When asked, many of my clients simply don’t know where their disposable money goes each month. You’d be amazed how many changes you can make just by creating a simple budget!

International medical insurance, not travel insurance A good quality medical insurance plan is essential. Too many expats here end up with a bill for medical expenses because they are living in Cambodia yet still under a travel insurance plan. Travel insurance is for travelling, not residing. Therefore they often will not pay out!

Tell your life insurance company that you live in Cambodia Many policies from your home country do not cover you whilst in Cambodia. Paying for an insurance policy that will not pay out is utterly pointless - even worse, your family won’t have a financial safety net!

Update your address Always update your address with your banks and insurance companies. If you don’t, it can make accessing your funds that much slower and create lots of unnecessary red tape. If you don’t trust the postal system, set up a correspondence address with a P. O box in Cambodia or a trusted individual back home.

12 | Cambodian Property Investor

Retirement schemes Typically when working in your home country, you’d be saving 10-15% of your annual salary in a retirement scheme. Most companies in Cambodia don’t offer such schemes, which can result in you not saving at all. Check to see if you can still contribute to your retirement scheme back home. If this is not possible, then speak to a professional about how best to save for retirement.

Jonathan Flexer is a UK-trained Financial Consultant working for Infinity Financial Solutions (Cambodia).

If you’d like to get in touch to ask questions or review your situation, you can contact him on +85577292130 or jflexer@infinitysolutions.com.

IPS STAFF SPOTLIGHT

MALAY NOP It was the beginning of 2017 when Malay joined IPS after spending 6 years in a global real estate organization. Malay has brought renewed enthusiasm to the Phnom Penh office and in just three months IPS Phnom Penh has realised a significant increase in rentals & sales.

1. WHAT THREE TRAITS DEFINE YOU? Open, honest, and kind.

2. WHAT IS YOUR PERSONAL MANTRA? Keep putting out good and it will come back to you.

5. WHAT DOES A TYPICAL WORK DAY LOOK LIKE FOR YOU? My typical work day goes like this: morning meeting, responding to inquiries, showing a property to a client, having fun with the team, and deals!

6. WHAT WOULD YOU DO IF YOU WEREN’T DOING THIS? I would be selling coffee with my husband and traveling.

7. WHAT DO YOU LIKE TO DO IN YOUR SPARE TIME? I love hanging out with my friends.

3. WHAT DREW YOU TO IPS? AND HOW HAS THE COMPANY CHANGED SINCE? Knowing David and Grant for a while back is enough assurance that I’ll be working with nice men for bosses. I also particularly liked IPS as an agency specializing in residential rentals and sales - that way, you can focus more rather than offering a general array of services.

8. WHERE IS YOUR FAVORITE PLACE TO BE IN CAMBODIA? I like Kep since it’s just a short distance from Phnom Penh and a great escape to nature as well.

4. WHAT ASPECT OF YOUR ROLE DO YOU ENJOY THE MOST? When my team enjoys what they do and close a lot of deals, that makes me the happiest.

10. WHAT IS YOUR PROUDEST MOMENT AT IPS? Double deals and getting feedback from property owners and clients how IPS agents stand out as well-trained professionals in this business.

9. IF YOU COULD HAVE DINNER WITH 3 PEOPLE, DEAD OR ALIVE, WHO WOULD IT BE? Jack Ma, Nadech Kugimiya, and Mr. Bean.

IPS-Cambodia | 13

CAMBODIA: SUSTAINED ECONOMIC GROWTH

BY DAVID MURPHY

I n 2009, when I first told my family I was moving to

Cambodia I was met with blank stares, uniform negativity and even a ‘where is Cambodia?’ Now family and friends are lining up to visit and explore the wonders of Angkor Wat, sample the delights of Phnom Penh’s burgeoning restaurant and bar scene and relax on the beaches of Sihanoukville.

Cambodia has come a long way in the short time that I have been here and its rise is even more extraordinary when you consider it’s tragic past. So what’s underpinning the rise of Cambodia?

Put simply, Cambodia’s rapid economic growth.

Cambodia has experienced two decades of very strong economic growth, averaging 7.6% Gross Domestic Product (GDP) from 1994 to 2015. This ranks Cambodia as the sixth fastest growing economy in the world during the past 21 years.

This phenomenal, sustained growth has transformed Cambodia from one of the world’s poorest countries to being reclassified by the World Bank as a lower middleincome country in 2016.

In its most recent update, the Asian Development Bank (ADB) forecast growth to remain strong at 7.1% for both 2017 and 2018. The World Bank is a little more conservative with its growth forecast of 6.9% for the next two years and remaining strong at a projected 6.7% in 2020.

To get some understanding as to how good Cambodia’s projected growth is we only need to review its position in the fastest growing economies in Southeast Asia.

Using data provided by ADB economies in the SE Asia region are projected to grow at an average of 5% in 2018.

Myanmar the fastest at 8%, Cambodia second at 7.1% ahead of its Indochina neighbors in Thailand (3.6%), Vietnam (6.7%) and Laos (7%).

Cambodia’s growth has been underpinned by strong garment exports, a thriving tourism sector, a focused and gradual modernization of the agricultural sector and continued resilience from the construction and real estate sectors. The projected extension of growth in these key sectors will ensure Cambodia continues to be one of the key developing markets in Asia.

14 | Cambodian Property Investor

IPS-Cambodia | 15

16 | Cambodian Property Investor

IPS REVIEWS

I REALLY LIKED WORKING WITH THESE GUYS. FRIENDLY AND WELL CONNECTED, IPS WORKS AROUND THE CLIENT'S NEEDS, GEOGRAPHIC SPECIFICATIONS, AND BUDGET.

Always In Touch IPS Siem Reap is the most reliable real estate agency in Cambodia.

The team helped us to find a perfect villa to rent in Siem Reap!

It was not easy because we had great demands so most of the agencies didn't even try to help us. However, in IPS work only professionals and, trust me, they'll find what you're looking for. Moreover, they are always in touch with us if we have some questions! Thank you so much!

Superb Follow Up We looked for someone to take our remaining lease on our previous bus station. Looked for some operators but IPS came back to us in 3 days.

Superb follow up by IPS, they took care of everything from the contract handover to our reselling items negotiation. Handover went smooth without hassle. They have great contacts and network. Can't go wrong with IPS! A big thank you from PSD Xpress.

Great Portfolio My husband and I were looking for a western style apartment with all the comforts, and at a reasonable price, in Siem Reap. It seemed a mission impossible until we met IPS. The team had a great portfolio of properties for us to visit and we found what we were looking for after just two days search. Not only so. Their service has continued after the rental contract was signed -off. They keep on helping us deal with the landlord and are our point of contact in case of any issue with the flat. We would definitely recommend IPS to anyone who is looking for quality and good customer service.

EXCELLENT SERVICE! Moving is stressful, especially so when settling in a new country. I found the IPS website clear, informative, and mostly easy to use.

However, it was our agent, Theavy Chea, who made the task of homehunting as smooth as possible. Ms. Chea is well organized, knowledgeable, friendly and a strong communicator. In addition to the list of properties we decided to view, she had a number of other options that met our criteria to show us.

Ms. Chea helped us to communicate with the each property manager and was able to get all of our questions answered. She also did a good job in negotiating prices for us.

Most impressive is that after getting to know us and what was most important to us in an apartment, she had a place come open at the last minute, that she took us to see.... and it is the one we chose.

Additionally, after moving in, Ms. Chea has been available to help us with any questions or concerns we have at the new place. Excellent service!

Continue reading at ips-cambodia.com > IPS-Cambodia | 17

18 | Cambodian Property Investor

IPS-Cambodia | 19

CAMBODIA’S PREMIER PROPERTY & REAL ESTATE COMPANY IS GIVING YOU A NEW AND IMPROVED WEBSITE.

COMING SOON.

WWW.IPS-CAMBODIA.COM 20 | Cambodian Property Investor

IPS EXCLUSIVE PROPERTIES From modern apartments to French colonial villas, flip through Phnom Penh and Siem Reap real estate investment opportunities, especially handpicked for you.

TON L E BA SSA C

CO N D O

APARTM E NT

HOTEL

L AN D

IPS-Cambodia | 21

PHNOM PENH A RENOVATED GEM, located in the riverside area of Daun Penh. This is an outstanding opportunity to own a high-quality and well designed property featuring two bedrooms, two bathrooms, a modern kitchen and a private balcony. Designed with strict attention to detail, this apartment is oozing elegance and luxury through its high-quality interior finish, furnishing and decorations, paired with luscious indoor lighting. Total floor size is 96 sqm. with the soft title included. Size 96 sqm. Partially furnished Kitchen Balcony Soft title

CODE 5605 APARTMENT 115,000

$

DAUN PEHN 2 2 22 | Cambodian Property Investor

F

H

CODE 4546 APARTMENT

$

298,000 BKK 1 3 3

AN OASIS IN THE HEART of BKK1. This three bedroom apartment has been renovated to feel like a villa in the Cambodian countryside. With a huge balcony and open plan living spaces this is perfect for a family, or someone who likes to entertain. Recently renovated and to be sold with all furnishings, this is a unique apartment in Phnom Penh.

Located in BKK1 Fully furnished Three Bedrooms Three bathrooms Large living rooms Huge balcony Soft title

FEATURED PROPERTIES

IPS-Cambodia | 23

Browse over 5,000 of Cambodia’s finest properties for sale or rent.

BUSINESS FOR SALE

$ 60,000

5631 TONLE BASSAC Located in Tonle Bassac Fully furnished 2 floors Size 40 sqm. Kitchen

APARTMENT FOR RENT

$ 1,300/MONTH

5830 7 MAKARA

2 2

Located in 7 Makara Fully furnished Light and airy living room BalconyElevator Parking

APARTMENT FOR RENT

$ 950/MONTH 3

5842 7 MAKARA

2

Located in 7 Makara Fully furnished Home Office Size 120 sqm. Mezzanine Private Balcony

APARTMENT FOR RENT

$ 850/MONTH

5056 TONLE BASSAC

2 2

Fully furnished Bathtub Kitchen Balcony Size 160 m2 Swimming pool & Gym

APARTMENT FOR RENT

5684 TONLE BASSAC

$ 2,200/MONTH 3 3

Fully furnished Size 137 sqm. Elevator and parking Swimming Pool Gym Security 24 | Cambodian Property Investor

www.ips-cambodia.com TOWNHOUSE FOR RENT

$ 4,500/MONTH 8

5757 8

DAUN PENH

Located in Daun Penh Unfurnished 8 Bedrooms 8 Bathrooms 4 floors 1st floor to 3rd floor size 100 sqm. 4th floor office size 150 sqm.

VILLA FOR SALE

$ 1,200,000

5635 TONLE BASSAC

4 4

Size 479 sqm Kitchen Balcony Hard title Car parking space Jacuzzi

APARTMENT FOR RENT

$ 750/MONTH 1

5745 PHNOM PENH

1

Fully furnished 1 Bedroom,  Bathroom with bathtub Living room Kitchen Balcony Elevator

APARTMENT FOR SALE

3920 DAUN PENH

$ 800,000 4 4

Features fully furnished serviced condominium Four bedrooms, Four bathrooms Swimming pool Gym Massive rooftop terrace Parking

APARTMENT FOR SALE

$ 140,000

3949 7 MAKARA

2 3

Located in 7 Makara Two Bedrooms, three bathrooms Three terraces Large living room Two storeys IPS-Cambodia | 25

Browse over 5,000 of Cambodia’s finest properties for sale or rent.

$

APARTMENT FOR SALE

1

4669 DAUN PENH

85,000

1

Located in Daun Penh Fully furnished 1 Bedroom, 1 Bathroom Balcony Size 60 m2 Soft title APARTMENT FOR SALE

$ 4

4745 CHROY CHANGVAR

245,000

3

Fully furnished 4 Bedrooms 3 Bathrooms Spacious living areas Balcony Size 212 m2 Hard title

APARTMENT FOR SALE

$

4748 BKK1

560,000

4 4

4 Bedrooms, 4 Bathrooms Large modern kitchen Balcony Size 330 m2

$

APARTMENT FOR SALE

2

5574 PHNOM PENH

96,000

2

Fully furnished 2 Bedrooms 2 Bathroom Kitchen Balcony Elevator Pool and gym

APARTMENT FOR SALE

$ 2

5588 DAUN PENH

150,000

2

2 Bedrooms, 2 Bathrooms Mezzanine Size 130 sqm. Soft title Kitchen Balcony 26 | Cambodian Property Investor

www.ips-cambodia.com

$

APARTMENT FOR SALE

185,000

1

5645 BKK 1

1

Fully furnished 76 sqm. Pool and Gym Car parking Balcony 24-hour security

APARTMENT FOR RENT

$ 3,300/MONTH

5660

3

TONLE BASSAC

3

Equipped kitchen Private Balcony Elevator and parking Swimming Pool Gym Security

APARTMENT FOR RENT

$ 700/MONTH

5768

1

RUSSIAN MARKET AREA

1

Size 100 sqm. Large balcony Kitchen Gym & Pool Security and car parking

PENTHOUSE FOR RENT

5762 TONLE BASSAC

$ 4,800/MONTH 4 4

Large living room Bathtub Size 280 sqm. Kitchen Balcony Parking Pool & Gym

$ 180,000

APARTMENT FOR SALE

2

5820 TONLE BASSAC

2

size 140km sqm Soft title Mezzanine Office/ Study space Modern Kitchen Private Balcony

IPS-Cambodia | 27

SIEM REAP SPACIOUS VILLA for sale in Siem Reap, Angkor. Located in an increasingly popular residential area, this well appointed Villa has 3 bedrooms with ensuites, 4 bathrooms, and a large open plan kitchen, dining, and lounge. The property is set on an enormous 2,610 sqm. block which could be further developed or subdivided. The rooms are fully furnished with up-to-date furniture and decoration.

CODE 5501 VILLA 350,000

$

SAMBOU 3 2

28 | Cambodian Property Investor

Land 2,610 m2 (29x90m) Hard title House 235m2 + 55 m2 paved terrace Living area 85m2 Large attic 60×60 meters of paved tile

F

CODE 3174 VILLA

$

400,000 SALA KAM REUK 3 4

THIS ENORMOUS VILLA is located next to the famous Navutu Resort.

Well-known designers Asma Architects have created a Villa which is one with the Cambodian countryside. Featuring high-end finishes throughout and three bedrooms over two floors, this is a unique opportunity to purchase one of the finest homes in Siem Reap within this price range.

Located in Sala Kom Reuk 4400 sqm of land size Hard title 5 minutes to city center Fast return on investment Ideal for residential

FEATURED PROPERTIES

IPS-Cambodia | 29

Browse over 5,000 of Cambodia’s finest properties for sale or rent.

LAND FOR SALE

$

1,232,000

5655 SALA KOM REUK 4400 sqm of land size Hard title 5 minutes to city center Fast return on investment Ideal for residential

VILLA FOR SALE

4622 KROSANG VILLAGE

$

225,000

3 4

Located in Krosang village 3 bedrooms 4 bathrooms Hard title Balcony Floor size 203 sqm. Total land size 564 sqm.

$

VILLA FOR SALE

5266 VIHEAR CHEN

65,000

2 1

Fully furnished Air-conditioner Refrigerator Washing machine Parking Located in 6mn from Pub Street

VILLA FOR SALE

$ 500,000

4349 NAVUTU AREA

6 8

Comes fully furnished Modern Garden Swimming pool Best residential area

LAND FOR SALE

$ 85,000

5567 DONG KOM Located in Svay Dong Kom 334sqm Hard title Raised up land, concrete wall Ideal to build villa or boutique hotel 5 minutes way from city center 30 | Cambodian Property Investor

www.ips-cambodia.com LAND FOR SALE

$ 130,000

5680 SVAY DONG KOM Located in Svay Dong Kom Ideal for residential purpose Hard title 520 sqm 5 minutes to city center Fast developing area

LAND FOR SALE

$

398,200

5665 SALA KOM REUK Located in Sala Kom Reuk 5 minutes from Pub Street Hard title 3620 sqm

HOTEL FOR SALE

4350 SIEM REAP

$

1,500,000

45 50

45 Bedrooms Skybar and restaurant Swimming pool Building size 1500 sqm. Total land size 2025 sqm. Soft title

CONDO FOR SALE

4725

$

850,000 7

SIEM REAP Close to Leu market in Siem Reap Angkor 7 Apartment Units Fully appointed and equipped Outdoor swimming pool Parking space and doorman 24-hour security

PENTHOUSE FOR SALE

4850 SIEM REAP CENTRAL

$ 320,000 3 2

3 Bedrooms, 2 Bathrooms facing River Road Fully furnished and equipped 3 Private balconies Rooftop terrace with swimming pool 5 minutes walk to Pub Street and Old Market Parking and 24-hour security IPS-Cambodia | 31

Browse over 5,000 of Cambodia’s finest properties for sale or rent.

$

CONDO FOR SALE

5412 SVAY DONG KOM

57,000

2 2

Located in Svay Dong Kom Semi furnished 2 Bedrooms 10 minutes away from city

HOTEL FOR SALE

5689 SALA KOM REUK

$

1,850,000

23 25

Located in Sala Kom Reuk 2763 sqm of the total land size Hard title 5 minutes from the city center

VILLA FOR SALE

$

5898 COMMUNE 2

500,000

6 12

Spacious & Modern Design Swimming pool Hard title Land size 21m x 22m Building size 17.8 m x 16m

VILLA FOR SALE

$

5487 PORE VILLAGE

200,000

4 4

Located in Pore Village 4 Bedrooms Hard title 10 minutes away from city center

VILLA FOR SALE

5459 WAT BO AREA

$

700,000

15 16

15 bedrooms 10×32 m Hard title Potential to set up guesthouse 3 min driving to Pub Street

32 | Cambodian Property Investor

www.ips-cambodia.com

$

HOTEL FOR SALE

5506

1,490,000

8

WAT BO AREA

9

Luxury hotel cinema wine cellar Pool garden Land total size 2074 sqm House total size 884 sqm

APARTMENT FOR RENT

$

550/MONTH

5341

2 2

SIEM REAP

Central designer flat for rent Top location Fully serviced Swimming pool and rooftop panorama terrace Generator 24h security

APARTMENT FOR RENT

$ 1,200/MONTH

4268

2 2

SIEM REAP

Excellent Location 5 minutes distance to the old market Luxury apartment in Western Style Apartment Residence 2 luxury bedrooms 24h security, elevator, parking space, garden, large swimming pool and gym available Back up generator

APARTMENT FOR RENT

$

800/MONTH

4300

2

SIEM REAP

2

Central location opposite Sofitel Big Parking 24 hour security and doorman Elevator Generator available

APARTMENT FOR RENT

$ 500/MONTH

5450

2

KOK CHOURK , SIEM REAP

1

Two big bedrooms Spacious living room Backup generator Big parking space Roof top area 10 minutes away from Pub Street

IPS-Cambodia | 33

PHOTO HIGHLIGHTS

CITY O F WON D E R Presenting the Cambodian culture, lifestyle and stories from IPS’ community submissions

We love to receive your snaps!

Send us your photo entries at marketing@ips-cambodia.com

34 | Cambodian Property Investor

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.

O u r Va l u at i o n & A d v i s o ry S e r v i c e s I n c l u d e : Valuation Review / Management Single Asset Valuation Portfolio Valuation Investment Analysis Insurance Valuation Lease and Cost Analysis Arbitration and Consulting Feasibility Studies

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:

IPS-Cambodia | 35

36 | Cambodian Property Investor