Cambodia Real Estate Magazine Issue 9

F

ISSUE 9

R E E

COMPETITION HEATING UP IN SIEM REAP HOTEL MARKET Full story on pages 50 & 51

OPPORTUNITIES SPROUTING FOR KAMPOT ECO-RESORTS Full story on pages 40 & 41

INSIDER ANALYSIS

EXPERTS SAY SIEM REAP TO BECOME NEXT SIHANOUKVILLE Full story on pages 10 & 11

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FEATURED AGENCIES

LETTER FROM THE EDITOR

CREDITS Editor-in-Chief:

Dear Readers,

interviewed some industry experts to get their take on the matter. Read more about the

Welcome to the ninth issue of the Cambodia

threat of oversupply inside.

Real Estate Magazine. As the most comprehensive real estate resource in the

One of our goals at Realestate.com.kh is to

country, we seek to bring you all the latest

help educate our readers. In this issue, we

news about property in the Kingdom.

profile several key areas around the country.

Turn ahead and you’ll find guides to Phnom

What makes Cambodia unique is the mix of

Penh’s Russey Keo, Chbar Ampov, BKK2

demographics, especially among real estate

and BKK3. Further afield, we’ve done deep

buyers. Of course, Cambodians make up the

dives on Koh Rong, Kampong Cham and

largest part. We’re currently in the midst of

Battambang.

rapid urbanisation in Phnom Penh. Many locals are joining the middle class. In turn,

What’s more, we’ve got guides in this issue

they are looking for landed properties on the

covering other aspects of life in the Kingdom.

outskirts of town. They want to be close to

Have you ever wanted to know how to start a

the city, but also have a safe place for their

business in Cambodia? Flip through to read

families.

about all the steps you’ll need to take. Looking for the best place in Phnom Penh to exercise?

Investors from other countries in Asia make

Check out our list of the capital’s best gyms.

up another key group. Many hail from China,

Lastly, we’ve made a prediction about the

Japan, South Korea, Malaysia, India, Vietnam

top five technologies that could reshape

and Thailand. These investors are looking

Cambodian real estate in the coming years.

Managing Editors: Kosal Ky Carrie Sun Contributing Writers: Kosal Ky Hellen He Cheng Huy Hong Art Directors: Parigna Heng Jozel Ann Esguerra Sales & Marketing: Tyler Stuart Nin Kang Su Mey Limeng San Sotha Vatey Mom Publisher: Image Printing

for high-end condos. Properties like this can serve as a holiday home, a location for

Thank you for picking up a copy of the

retirement, or an investment.

Cambodia Real Estate Magazine. Please enjoy issue nine and find more content like this

Finally, there are expats who live and work in

Tyler Lebens

Special Thanks: The Realestate.com.kh Team

every week at Realestate.com.kh’s news blog.

Cambodia. These clients are renters. Yet there

For more information

is a growing demand for more amenities and

please contact us at: info@realestate.com.kh

facilities. Many want buildings with pools,

+855 (0) 92 92 1000

gyms and cafes.

In this issue, we have something for everyone.

TYLER LEBENS

Focusing on condominiums, we’ve drawn up a list of the top 10 reasons you will want to own one. But wait, you say. Aren’t people saying there’s a condo bubble? Luckily, we

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

TABLE OF CONTENTS

28

The ultimate real estate guide to Battambang

32

Developing with recreational amenities How added features are helping the market grow

36

Kingdom’s condo market Setting off ‘Golden Age’ of real estate

40

Opportunities sprouting for Kampot eco-resorts

42

Cancellation of EBA Will it hit the kingdom’s real estate sector?

48

Five ways to spice up your home decor with Chinese feng shui

50

Competition heating up in Siem Reap hotel market

52

How to start a business in Cambodia A guide to understanding the market

62

Realestate.com.kh’s Home & Lifestyle Expo Draws over 20,000

8

Prince Real Estate Group’s latest masterpiece Prince International Plaza project set to be international benchmark

10

Insider analysis Experts say Siem Reap to become ‘next Sihanoukville’

12

Realestate.com.kh hits the road with massive bus campaign

14

Expat guide to BKK 2 and BKK3

18

Cambodia property sector Forecast for the next five years

22

Cambodia Real Estate Awards Entries now open

24

Chbar Ampov location profile Traditional area becomes a modern living corridor

2018 CAMBODIA REAL ESTATE

5

Read the recap of Realestate.com.kh’s Home & Lifestyle Expo

LETTER FROM THE CEO

2019. The show took place at Koh Pich Exhibition Center on April 26 and 27. It was a smash hit and will go down in history as one of the region’s biggest real estate events. Exhibitors at the show sold millions of dollars worth of property over the two-day event. Additionally, the event hosted automakers, tech firms, designers and more.

In the following pages, you’ll also find an introduction to the Cambodia Real Estate Awards 2019. This year’s awards

Dear Valued Readers,

banquet will be the second iteration of CREA. There are some This year, 2019, is shaping up to be a blockbuster year

remarkable individuals working in the real estate industry

for Cambodia’s growing real estate sector. Despite minor

here. These are the people pushing the sector to new heights

hiccups, 2018 was a great year that saw amazing progress.

and they deserve recognition.

That, in turn, fuelled positive sentiments for the years to come. The property market will hit extraordinary new heights

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

as the decade comes to a close.

estate industry. We provide expertise, up-to-date content and collaborate with Cambodia’s real estate bodies.

As the market in the Kingdom matures we are witnessing

The Cambodian Valuers and Estate Agents Association,

a real-time balancing act. Condominium developers are

the Ministry of Economy and Finance and the Housing

creating luxury products for wealthy expats. Borey projects,

Development Association of Cambodia are just some of the

meanwhile, are defining a new era for middle-class locals.

offices we are proud to have partnered with.

They are giving many an opportunity to own land and a home On behalf of everyone at Realestate.com.kh, I wish to thank

for their families.

our readers, clients and partners. Their support is invaluable These two sections of the market are almost polar opposites.

to the company’s success. Please enjoy the ninth issue of the

Yet, both are bringing positive momentum to the country.

Cambodia Real Estate Magazine.

This issue is the ninth edition the Cambodia Real Estate Magazine. It recounts the stories that shaped the property market during the first half of this year. It also includes insider analyses from leading experts, location profiles and in-depth

TOM O’ SULLIVAN

features.

CEO, REALESTATE.COM.KH

WHO WE ARE 30

Established in 2009, Realestate.com.kh is

property investors from all over the

team based in Phnom Penh who are

Cambodia’s leading website for property

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 092 92

price range. A lot of these users live

even help you do this. We have a

1000

in Cambodia; however, we also attract

dedicated expatriate and Cambodian

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

2018 CAMBODIA REAL ESTATE

7

FEA TURED P RO PERTY

PRINCE REAL ESTATE GROUP’S LATEST MASTERPIECE P R I N C E I N T E R N AT I O N A L P L A Z A P R O J E C T S E T T O B E I N T E R N AT I O N A L B E N C H M A R K

Cambodia’s appeal has grown

unprecedented pace. The participation

tremendously in the last decade.

of renowned Chinese developers is

Once pristine and untouched, the

only fuelling the breakneck speed. It

The entire project consists of five

country now has modern potential,

seems one project after another is

12-storey buildings with a total building

especially in the property industry.

turning heads. The middle class here

area of 200,000 sqm. Within these

Skyscrapers, commercial and

is rising as well. This means a more

buildings, it also has 5A commercial

residential communities, as well

mature market is developing for new

spaces, star-rated serviced condos,

as shopping and entertainment

types of real estate.

restaurants and a retail business

centres have sprung up in Phnom

into a metropolitan hub.

avenue. It will become the epitome

Penh, Sihanoukville and Siem Reap.

Prince International Plaza is ideally

of a modern lifestyle in Cambodia’s

These complexes are combining

located in the intersection of three

capital. It is to be completed and

cutting-edge technologies with

major districts: Toul Kork, Meanchey,

delivered by the end of 2020.

tradition. Indeed, the lifestyle here

and Sen Sok. Developers are

is attracting talented people who

also eager to build here because

want to help the nation grow.

of the proximity to the Phnom

Full series of conveniences

Penh International Airport. Prince

Many important amenities are within

Currently, the real estate sector

International Plaza will be an iconic

arm’s reach such as shopping centres

in Cambodia is growing at an

project that helps to transform the city

like Makro Wholesale and TK Avenue.

8

CAMBODIA REAL ESTATE 2018

Education institutions like the RUPP,

restaurants and bars, a game centre

Prince International Plaza sits in

Institute of Foreign languages and

and a playground. All these highlights

an area that is set to become a

quality hospitals like Royal Hospital of

will be spread across the first three

new business district. It will truly

Phnom Penh and Victoria Hospital are

storeys. Hence, the community

transform the city of Phnom Penh,

also nearby.

will bring innovation to integrating

and be a milestone for the country’s

business, entertainment and leisure

development.

From Prince International Plaza, tons

into a charming package.

of the city’s facilities are within a few kilometres.

Prince Real Estate Group is an The utmost elegance

international corporation with 30 subsidiaries, land holdings of 10

Multi-dimensional traffic system

The residences in this project are

million sqm and developments

outfitted with the latest designs meant

spanning 15 million sqm. Thus

Efficiency is key to a successful life.

for cultural elites. Units range from

far, nearly US$2 billion has been

Prince International Plaza is located

50 to 157 sqm. Every condo is meant

invested in the Kingdom by Prince.

along Russian Boulevard, one of the

to be a top-tier space with exquisite

Its investments are set to accrue $6

most important main roads in the

furnishings. Residents can host parties

billion over the next decade. Prince

capital. The Phnom Penh International

and show off their own rapport and

Real Estate Group has become one

Airport and the city’s railway station

hospitality to their entire social circle.

of the leading property developers in

can be reached by car in less than 15

Cambodia by establishing impressive

minutes.

Excellent services

new landmarks across the country.

Diversion of functional spaces

Occupants will have access to a state-

Prince International Plaza, the second

of-the-art fitness club and infinity

major project under the brand name,

Aside from having luxury residences,

pool, which is a favourite venue for

is another credit to Prince’s name!

this project also comes with the best

businessmen to relax and take in

commercial spaces. They span 63,000

the city scenery. Attentive customer

sqm and include multiple flagship

service and 24-hour security will

retail outlets and plenty of modern

ensure safety and comfort at the plaza.

office space. There will be a massive

There are more than 1,000 parking

supermarket, IMAX digital cinema,

spots in this community. Because of

fitness club, a number of featured

this, transportation is a breeze.

View Prince International Plaza listings on Realestate.com.kh.

2018 CAMBODIA REAL ESTATE

9

ED I TORI AL

INSIDER ANALYSIS E X P E R T S S AY S I E M R E A P T O B E C O M E ‘NEXT SIHANOUKVILLE’ Siem Reap has always been the

is growing rapidly. Conversely, the

a bit by lack of professionalism

main tourist hub of Cambodia. In

market for both apartments and

among agents. This year we saw

recent years, however, southern

commercial space didn’t do as well.

many inexperienced people acting

Sihanoukville has been stealing

Demand just isn’t there yet.

as unlicensed brokers. What’s

the real estate spotlight. Chinese

more, rental prices were mostly

investment in the coastal province

We did see growth for both mixed-use

stagnant or even down for houses,

has fuelled the biggest property

and residential complexes this year.

villas, apartments and commercial

boom in the Kingdom’s history.

Also, the property management grew

properties.

significantly. The construction sector Some say Temple Town is set

had a positive year, as well.

to follow a similar path. Others contend it will be more of a gradual

Land outside inner city started

process. Realestate.com.kh’s

drawing more attention from local and

Ky Kosal spoke with four Siem

investors, pushing price to rise notably.

Reap property experts to get their opinions.

Q: What were the strengths and weaknesses of the Siem Reap

Choch Cho

market in 2018?

Founder and CEO, Siem Reap Property Services

Charles Evans Director, Cambodia Property Shop

Rents didn’t move much in 2018.

November and December saw slight increases, however. There are still many Westerners coming to retire here.

It was a good year for Siem Reap’s land market. Prices went up and

Chrek Soknim President, Cambodian Valuers and Estate Agents Association (CVEA)

more hotels and businesses were developed. Both tourism and investment from China increased.

At the same time, many local buyers invested in land. This both expansion

Hospitality has always been the biggest industry in Siem Reap. The market for low- and mid-range accommodation

10

CAMBODIA REAL ESTATE 2018

and increases in land prices.

However, the mood was soured

We are seeing a growing trend of online businesses in Siem Reap. That can only serve to strengthen the economy.

An apartment can now be rented for between $300 and $600 a month, a private villa for between $800 and $1,500, or a studio unit for around $150 to $300 per month. Sangkat Sala Kamreuk, Wat Bo pagoda and Wat

EDI TO R I A L

Damnak pagoda are the most popular

will be flocking here soon, just as they

areas for rentals.

Also, the government needs to keep

did in Sihanoukville.

pace by improving infrastructure in

Since the supply of land plots is

Tourism will lead the growth, but other

limited, growing demand is leading to a

and a clean environment to welcome

industries will follow such as food and

price increase there.

investments.

beverage, entertainment, apartments,

the area. They need to promote safety

eco-tourism and much more. Siem Reap’s GDP growth is expected to be around 13% this year.

Charles Evans Director, Cambodia Property Shop

Phin Vanna CEO, Camglobe Realtor in Siem Reap

This year will see many construction projects starting up. Many locals who purchased land over the last

This will be a good year for business.

The 2018 election is behind us so

Phin Vanna CEO, Camglobe Realtor in Siem Reap

Plot land transactions were up in 2018.

Dom Dek commune and the Phnom Krom area were particularly popular.

Land around Tram Neak Market saw a huge price bump. I think growing investor demand was responsible for this.

Plots in high-traffic areas of town are now going for as high as $200 per

there is optimism. Without a doubt, Chinese investors will dominate the market this year.

More Chinese nationals will continue purchase land and other properties.

Siem Reap’s growing land values are pretty much the same to Sihanoukville, Kep and Kampot in that respect.

I believe land is the best type of property investment in Siem Reap right now. It has huge potential because there is a limited supply and growing demand.

year will begin building residential or commercial structures on these plots.

Chinese developers will begin projects that will conclude over the coming years.

Local developers, on the other hand, will target middle-class Cambodians with units at or below $50,000.

There will be a boom for real estate activity, but it won’t happen as fast as it did in Sihanoukville. For one thing, we have more restrictions on high-rise developments. Also, casino investments aren’t welcome here.

square metre. Even rural plots that were previously as cheap as $0.60 per

Choch Cho

Generally, people in Siem Reap

square metre saw an increase.

Founder and CEO, Siem Reap Property

are aware of what is going on in

Services

Sihanoukville. Because of this, they tend to be more cautious about

Q: What will happen to the Siem Reap market over the course of

Many Chinese investors and visitors

2019?

will come to the province in 2019.

Chrek Soknim President, Cambodian Valuers and Estate Agents Association (CVEA)

foreign investment.

Unfortunately, businesses focused on Western tourists could have a rough year as European visitor numbers are on the decline. To maintain stability we should aim for a healthy mix.

If you’re thinking of starting a business in Siem Reap, 2019 is the year to do it.

Meanwhile, agents in the area need to

An operation can grow big in just three

boost their professionalism, skill level

to five years. International investors

and honesty.

View ultimate guides to property on Realestate.com.kh.

2018 CAMBODIA REAL ESTATE

11

ED I TORI AL

REALESTATE.COM.KH H I T S T H E R O A D W I T H M A S S I V E B U S C A M PA I G N

Realestate.com.kh has expanded

in Siem Reap) are rolling around town

on Cambodia’s leading networks CTN

its vaunted marketing campaign to

with signage promoting Realestate.

and MY TV, and billboard advertising.

include transit advertising.

com.kh in both Khmer and English.

To do transit advertising,

Since October 2018, multiple buses

Cambodia’s leading real estate website

Realestate.com.kh signed an

have been running on Lines 1A, 2, 3,

and marketing agency made a foray

agreement with the Phnom Penh City

4B, and 5 bearing the Realestate.com.

into transit advertising as it continues

Hall to allow it to advertise via the

kh brand. In addition, hundreds of

its biggest marketing campaign ever.

public bus system.

tuk-tuks (100 in Phnom Penh and 50

The campaign also includes promotion

12

CAMBODIA REAL ESTATE 2018

EDI TO R I A L

Realestate.com.kh’s decision to enter

the city and its suburbs, are clean, and

the world of transit advertising is

give passengers a cool, comfortable

expected to pay dividends big time.

ride to their destination.

Transit advertising is one of the best and most effective forms of marketing.

Phnom Penh City Hall currently

This type of promotion is inexpensive,

operates more nearly 200 buses

reaches a wide audience, and offers

donated by China and Japan. The

high visibility on a daily basis.

buses run from 5:30 AM to 8:30 PM

During important public holidays like Pchum Ben, the buses are used for the free transport of people from Phnom Penh to the provinces and vice versa.

At present, the Phnom Penh public bus system services 13 routes.

every day and crawl to a halt at every Transit advertising is seen as

bus stop along the route to offload

particularly effective for a small city

and pick-up passengers.

like Phnom Penh where the public bus is a popular and constant presence.

A ticket for a single trip only costs

The air-conditioned buses form

1,500 riel or less than $0.40. Workers

the backbone of the Phnom Penh

and students can ride the buses for

public transport system.They are the

free by just showing their labor card or

cheapest form of transportation within

student ID.

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

2018 CAMBODIA REAL ESTATE

13

ED I TORI AL

EXPAT GUIDE TO BKK2 AND BKK3

They don’t quite have the

The main types of housing you will find

easier if you are looking for something

reputation of their brother to the

are:

specific. Head over to our list of the

east. But Boeung Keng Kang 2 and Boeung Keng Kang 3 pack a

best realtors in Cambodia.

Shophouses in BKK2 and 3 Renovation in the nation

big punch. These two districts are similar in feel. So, we’re bringing

Two- and three-bedroom flats inside

you a combined expat guide to

traditional shophouses are one of

Renovations seem to be happening

BKK2 and BKK3.

the most common arrangements for

constantly, so it’s easy to find a

expats in Cambodia. Many are split

shophouse that has been tricked out

BKK2 and BKK3 sit just across

into two levels with kitchen and living

with Western touches. Indeed, many

Monivong Boulevard from the foreign

areas below and bedrooms with en-

flats are indistinguishable from those

quarter of BKK1. Due to the lower rent

suite bathrooms above.

in Europe or the US.

This type of housing is what the

Some landlords even choose to

majority of expats in BKK2 and BKK3

subdivide the house and will offer one

Our website can help you find the

end up choosing. You can check our

bedroom units next to larger ones.

best expat rentals in BKK2 and BKK3.

website to see houses for rent in BKK2

Price here can vary a lot. You can still

However, if you’re not picky about

and houses for rent in BKK3.

find a great place for around $500 a

prices here, many expats choose to live here.

where you live take a look at our other location profiles.

14

CAMBODIA REAL ESTATE 2018

month.

Using a realtor can make the process

EDI TO R I A L

Jihye Kim, who works for a capital

will be standard and bathrooms will

NGO and has lived as an expat for

have modern showers. They will run a

more than three years, lives in a

range of different styles, too.

one-bedroom unit of a renovated

Chillin’ in the villa Villas are often used for businesses, but occasionally one will pop up on

shophouse in BKK3. She pays around

If you want to search on your own, we

the renter’s market. They can be

$500 a month on rent.

have listings for you to find a condo for

expensive, but if you have a large

rent in BKK2 or BKK3.

group and want more seclusion, this

“I like that it is centrally located but is also quiet,” she said, adding that her

can be a viable option.

All luxury, no hassle

two cats have plenty of space in the roomy unit.

Villas can be found both furnished and Full-service apartments look similar

unfurnished and most have spacious

to the condominium units described

balconies and small gardens. Prices

Condos and apartments are

above, however, buildings will have

vary based on size and location.

coming

more luxury features. Pool, fitness

Most villas for rent in BKK2 and BKK3

centre, 24-hour security, internet

are between $2,500 and $5,000 per

New tower blocks seem to be popping

connection and housekeeping services

month.

constantly in Phnom Penh. While most

are part of the package.

The best hangout spots are here

of them can be seen in nearby BKK1, they are spreading to neighbouring

Luxury buildings can still be found on

districts. Units will resemble typical

a budget. If this type of housing suits

These districts are small in size.

apartments in the West with a full

you check out our page on apartments

They stand out in terms of activities,

range of furnishings.

for rent in BKK2 and apartments for

however. Show Box is a dive bar just

rent in BKK3.

around the corner from the Tuol Sleng

Couches, tables, cabinets and chairs

museum. It has served as a haunt for

2018 CAMBODIA REAL ESTATE

15

Stuck in the middle with you

expats for years and years. They host

expat will know. Along Monivong you’ll

everything from heavy metal concerts

find a series of Chinese hand-pulled

to comedy nights.

noodle shops. Regardless of which one

There’s no doubt that Phnom Penh is

is the original, they all serve delicious

changing. Every expat has an opinion

soups and stellar dumplings.

on this. Most remark that BKK2 and

Another expat standby is The Flicks Community Movie House. The

BKK3 feel distinct from BKK1.

independent theatre’s main branch

Up near Sihanouk, Yosaya will suit

is located in BKK2. They screen three

if you’re looking for Thai food. Want

The atmosphere here sits somewhere

films a day and a $3.50 ticket will let

some local fare? Plenty of beer

between the foreign quarter and the

you see all three.

gardens around Tuol Sleng have their

more local Toul Tum Poung to the

grills fired up by sundown. Coin Cafe

south. Because of this, many love living

Current owner, Ramon Stoppelenburg,

and Bar can be a good place to get a

here.

explained that the district has changed

mix of Khmer or Western food.

enormously since he took over the business in 2011.

No matter where you choose to live, Daily life in BKK2 and BKK3

there will be plenty to discover. Above all, get to know your area. Get to know

“Before, the city lacked anything

Convenience stores can be the best

the hole city, and venture around the

besides bars and restaurants … [The

way to pick up a small snack or daily

country. Even if you’ve been here for

Flicks] has become the escape haven

groceries. Kiwi Mart and Fresh Mart

years there’s always something new

for the many expatriates and tourists

are perfect for this.

to see.

in town as it screens better movies, film festival winners, documentaries

Life doesn’t have to be all fun and

and has kids’ sessions,” he attested.

games when you live here. Stop in to Muscle Fitness for a daily workout. If

Food is fantastic

you want to do a few laps, head over to the pool at Ming Hour Club.

This area has a few staples that every

16

CAMBODIA REAL ESTATE 2018

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

2018 CAMBODIA REAL ESTATE

17

ED I TORI AL

CAMBODIA PROPERTY SECTOR: FORECAST FOR THE NEXT FIVE YEARS

The Cambodian real estate sector

For instance, in the capital city of

borey units, and other residential

has been growing tremendously in

Phnom Penh, there is a long list of

units. With more Cambodians

the last few years. In Phnom Penh,

residential, commercial, and mixed-use

being lifted out of poverty by one

Siem Reap, Sihanoukville, Poipet,

developments recently completed,

of Southeast Asia’s fastest-growing

Bavet, Kep, and other parts of the

underway, in the pipeline, or on the

economies, demand for the same

country, there is a flurry of non-

drawing board.

properties is also growing.

massive investments, mostly from

Consequently, there is constant and

The value of real properties,

China, fuel a roaring building boom.

growing supply of condos, apartments,

particularly in the most-developed

stop construction work going on as

18

CAMBODIA REAL ESTATE 2018

EDI TO R I A L

areas of the country, has also gone

“I think Cambodia’s real estate industry

up, though comparatively cheaper

will keep moving forward in the next

As for supply, Virak said he expected

compared to those found in

five years,“ he said.

that the current upward trend will hold

neighbouring countries.

in the foreseeable future. “Supply will Virak explained that developers often

continue to increase where more than

Despite forecasts of a property market

look at economy, society, technology,

10 million square meters will reach the

crash in the near future, the general

and political stability when investing in

market every year,” he said.

consensus among local property

the property market. ”Political stability

experts is that the Kingdom’s real

is the main factor they look into,” he

Hodge agreed with Virak’s forecast.

estate sector is headed in the right

stressed.

“Supply is on the up across all sectors

direction. In the next half-decade,

and we see no slowdown in this trend

growth in Cambodia’s property sector

Echoing Virak’s outlook, James Hodge,

so long as the economy continues to

is expected to be mainly in condo and

Associate Director at CBRE, said that in

pursue its current growth path,” he

borey developments, foreign direct

the next few years the property market

said.

investment, land price, demand, and

will offer a breadth of options across

supply.

all grades and will be able to compete

“Project launches may continue to be

in terms of quality with other centres

small in number but the scale of the

across the Asean region.

projects is set to increase, especially as

Soth Virak, CEO of Huttons CPL, said Cambodia benefits from relative

the large Chinese developers establish

political stability and continuing foreign

“International serviced apartment

themselves and their brands in the

investors’ confidence. The just-

operators will be more prevalent and

Cambodian market,” Hodge added.

concluded national election gave the

a few of the most forward thinking

ruling Cambodian People’s Party (CPP)

local real estate companies will have

Likewise, both property experts agree

another five-year mandate to run the

blossomed into market leading,”

that demand will not slow anytime

Kingdom.

he stressed.

soon.

2018 CAMBODIA REAL ESTATE

19

ED I TORI AL

Virak said that both local and expats

His view is backed by Virak, who said

will continue buying properties in the

that in the next five years he expects

Kingdom where the middle to low class

China to continue to be the leading

housing project with low to interest

property investor in Cambodia,

free will be the big market.

followed by Japan, Korea, Malaysia and Vietnam.

Over the next five years, according to Hodge, both local and Chinese backed demand and supply are likely to be the biggest influencing factors on the Cambodian real estate sector.

Hodge said the foreign investment outlook for the Kingdom’s property sector also looks good.

“Investment in manufacturing and infrastructure will still be largely dominated by foreign players,” he noted.

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CAMBODIA REAL ESTATE 2018

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

2018 CAMBODIA REAL ESTATE

21

ED I TORI AL

CAMBODIA REAL ESTATE AWARDS ENTRIES NOW OPEN

Realestate.com.kh has announced

Over a dozen awards will be given

the hotly anticipated followup

out during the gala dinner. Some of

to last year’s Cambodia Real

the top honours include Real Estate

Cambodian Investment Management

Estate Awards. Last year’s award

Agency of the Year, Best Up and

(CIM), renowned accounting firm,

ceremony was a resounding

Coming Agency of the Year, Employer

is entrusted with overseeing the

success. It marked the first time

of the Year and much more.

entire judging process of CREA 2019.

in Cambodia’s history when real

through online voting.

As Official Supervisor of the CREA,

estate agencies and agents were

The CREA have become a benchmark

CIM works to ensure that the CREA

highlighted and recognised on a

for Cambodia’s real estate agencies,

judging process, from start to finish,

wholly objective basis.

individual agents, valuation experts

is conducted objectively and with the

and property management firms.

utmost integrity.

How to enter

Realestate.com.kh and the CVEA

This year, the legacy continues and the show will bring the property industry to even greater heights.

the event organisers, remain wholly

Entries are now open. Agencies will be

There are absolutely no costs

independent and separate from the

grouped into two different categories,

associated with entering or winning

judging process.

depending on the size of staff. This

awards at the event. The CREA winners

will ensure that the awards cover the

will be judged and, ultimately, named

The judging process will be monitored

huge variety of real estate businesses

by a panel of industry experts and

with diligence by the Ministry of

operating in the country.

government officials. Judges will

Economy and Finance to ensure the

also consult public opinion obtained

awards are free from any bias. CREA

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CAMBODIA REAL ESTATE 2018

EDI TO R I A L

follows a global model that awards excellence in a transparent, objective and fair way.

Wine and dine Once nominees are shortlisted, all finalists and the Kingdom’s broader real estate industry will be invited to attend an awards ceremony and gala dinner. This will give everyone a chance to celebrate an amazing year of achievements.

Under the guidance of the Ministry of Economy & Finance and the support of the CVEA the gala event is set to be the real estate industry’s biggest celebration in Cambodian history. H.E. Mey Vann will officially open the evening and the night will be celebrated with over 300 of the leading real estate agents, property developers, government officials, lawyers and economists. The night will be broadcasted via live feed on the countries biggest media platforms CTN, Fresh News, ThmeyThmey, the Khmer Times and, of course, Realestate.com.kh!

Finalists and award winners will be granted the prestigious CREA seal. This symbol can be used in all marketing materials. Winners will receive a beautiful trophy and a certificate confirming their personal or company achievement.

The Cambodia real estate industry’s “night of nights” is a not to be missed event, and tickets are available on a first come first serve basis until all are sold out!

2018 CAMBODIA REAL ESTATE

23

LOC A TI ON PR O FILE

CHBAR AMPOV: TRADITIONAL AREA BECOMES A MODERN LIVING CORRIDOR

Development seems to have Phnom

Straddled by the Mekong and Bassac

one of its fastest growing areas due

Penh almost bursting at the seams.

rivers, Chbar Ampov district sits just

to the momentum of the capital’s

One district, however, still holds

south of the city’s centre and is divided

progress in the economy, technology,

plenty of the Kingdom’s natural

into eight sangkats (communes),

new developments and housing and

beauty. That’s not to say Chbar

namely: Prek Pra, Chbar Ampov Ti

commercial real estate. Indeed, less

Ampov is remote. In fact, it has all

Mouy, Chbar Ampov Ti Bpi, Nirouth,

than 10 years ago the area was still

the modern touches of city life. It

Kbal Kaoh, Prek Aeng, Prek Thmey, and

considered to be rural.

has plenty of breathtaking views as

Veal Sbov.

well.

Hay Ravy, marketing and sales Chbar Ampov is now becoming

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CAMBODIA REAL ESTATE 2018

manager of Daily Realty Group, said

L OCA T I O N P R O F I LE

Chbar Ampov has become a peaceful

Most notably, the recently opened

CDN Property, speculated that Chbar

residential option for many home

Park Community Mall seeks to be an

Ampov could become a popular area

buyers. Ravy identified Chbar Ampov Ti

all-encompassing entertainment plaza.

for retirees in coming years, given that

Mouy, Chbar Ampov Ti Bpi and Nirouth

It features retail space, child care and

land prices there were still growing

as the most developed communes in

sport facilities.

relatively slowing compared to the rest

the district.

of the city.

Hodge, of CBRE, said The Park is

“These areas have connecting

designed to cater to residents of

“There is still only one major condo

infrastructure including bridges,

the district as well as those passing

project in Chbar Ampov where

National Road 1, sewage systems,

through on the national road.

one-bedroom spaces are going for

sanitation and a fresh environment,” he said.

between $400 and $500 per month.

“Most notably, The Park’s retail space

Most people relocating to the district

focuses on food and beverage brands

are opting for shophouses in boreys,”

There are six major housing projects

as well as services such as a pharmacy

Socheat added.

in the area, along the main corridor.

and salon.”

Borey Peng Hout, Borey Luxury and

He noted that numerous Khmer

Borey Lim Chheang Hak are just a few,

He added that other retail options in

buyers prefer not to live near the

according to Ravy.

the district were relatively traditional,

rivers, but developers were doing their

but claimed that activity is likely to

best to change opinions and make the

It’s no surprise that many new

ramp up as population size and

waterfront an appealing place to buy

developments have chosen to highlight

income levels both grow.

property.

Indeed, as developers seek to diversify

Given that Chbar Ampov is a bit

“Compared to nearby Dangkor district,

their offerings, many are looking past

further from Phnom Penh’s centre, it

Chbar Ampov is relatively cheap.”

more central districts in an effort to

hasn’t seen a drastic rise in land prices

draw in buyers.

like districts such as Daun Penh or

Daily Realty’s Ravy speculated that,

Chamkarmon. Many developers there

within the next five years, more

James Hodge, associate director of the

are utilising borey developments to

residential homes, high rises, condos,

estate agent group CBRE Cambodia,

meet the growing demand in the low-

apartments and commercial spaces

agreed that the riverfront areas were

to middle-level housing segment.

would be established in Chbar Ampov.

the district’s vast riverfront plots.

the defining feature of the district.

According to a report from the “Chbar Ampov in particular benefits

Kingdom’s VTrust Appraisal, Chbar

from a large river frontage, which

Ampov hosted roughly 10% of all the

developers are keen to ensure is

capital’s landed residential projects.

capitalized upon through the use of

Chief among them, the report

pedestrianised broad walks, marinas

highlights the success of the Borey

and as additional transport route,”

Peng Hout project.

he said, adding that both luxury and affordable options were emerging in

Moreover, the document shows that

the district.

residential linked houses make up more than 60% of housing options

Despite the recent focus on Chbar

in the district. This shows the area’s

Ampov’s natural beauty, it still hosts

status as a sort of suburb within the

a wealth of modern amenities. Every

city.

day, more and more offerings are popping up along National Road 1.

Search for properties in Chbar Ampov now on Realestate.com.kh

Yim Socheat, CEO of the capital’s

2018 CAMBODIA REAL ESTATE

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CAMBODIA REAL ESTATE 2018

2018 CAMBODIA REAL ESTATE

27

LOC A TI ON PR O FILE

THE ULTIMATE REAL ESTATE GUIDE T O B AT TA M B A N G

Located in the northwest of

Bit of background

Cambodia, Battambang is one of

Mekong Express, Capitol Tours, Phnom Penh Bayon Express, and Phnom Penh

the most important provinces in

Until a few years ago, Battambang was

Sorya Transport all make trips to the

terms of economy, tourism, and

largely a sleepy province visited only by

town. It usually takes five to six hours

agriculture. Heck, it hosts the

a few adventure-loving tourists. Today,

along National Highway (NH) 5. A bus

Bamboo Train and the country’s

however, Battambang ranks as one

ticket usually costs $6 to $12.

only winery!

of Cambodia’s top tourist destination,

Battambang is the third most

while its economy has been one of the

From Siem Reap, on the other hand,

best-performing in the country.

buses take just 3.5 hours and tickets

populous province in the Kingdom,

can be had for around $5.

with a present population of more

The province is also known as the “Rice

than 150,000. It is also Cambodia’s fifth

Bowl” of Cambodia, producing more

There are also daily boat trips from

largest province with a total area of

than half of the country’s annual rice

Siem Reap to Battambang and vice

11,702 square kilometres. Battambang

output.

versa. The trip can take from four to 12

city is its capital.

hours depending on the time of year By bus or boat

and costs around $20.

provinces of Banteay Meanchey to the

Battambang does not have a

Bakeries and backpacker bars

north, Pursat to the east and south,

commercial airport, so visitors must fly

Pailin to the west, and Siem Reap to

to either Phnom Penh or Siem Reap

Like the other top tourist destinations

the northeast. Battambang also shares

then travel to the area by car, bus or

in Cambodia, Battambang does not

a border with Thailand.

train.

lack in dining options. If you want to

Battambang is bordered by the

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CAMBODIA REAL ESTATE 2018

savour mouth-watering Khmer food

other luxury amenities. They charge

$2,400 to $4,000 per square metre

while also contributing to a worthwhile

from $80 to $120 a night.

while prices are just $100 to $300 per

cause, Jaan Bai, which is run by the

square metre further out.

Cambodian Children’s Trust (CCT), is a

If you have a budget of $30 to $70

choice you will not regret.

Battambang will not disappoint you.

Shophouses in Battambang are

Delux Villa, Classy Hotel, and King Fly

currently going for around $150,000

Unlike Siem Reap or Sihanoukville,

Hotel the most well-known in this

to $180,000, Neardey said, adding that

Battambang is not known for nightlife.

segment.

homes in a borey were often cheaper.

Still, Battambang has some good bars

He cited Borey Rom Chek, which had

and watering holes where you can

Like the other touristy places in

spaces on offer for as low as $40,000

drink a beer or two. The names most

Cambodia, Battambang hosts a large

or up to $80,000 for a two-story

prominently mentioned are Riverside

number of budget accommodations.

house.

Balcony Bar, Lotus Bar & Gallery, Here

Of course, there are dorms where

Be Dragons, Vintage Wine Bar Mezze,

you can easily stay for $10 or less per

There are tons of villas in Battambang.

and Madison.

night.

Many are outside of the city centre, however. Neardey said villas varied

Beds from budget to boutique

Buying or building

widely in size, lot size and level of luxury. Small ones can currently be

Visitors will find that there is no

Battambang has been getting more

found for as little as $50,000. Larger

shortage of places to stay Battambang.

attention lately as a key secondary

ones on big plots are going for up to

Offerings run the range of price, as

market in Cambodia. Real estate in

$600,000. Some are being used for

well.

Battambang is quite affordable and

businesses, while small ones are often

there is potential for many industries.

holiday homes.

luxury brands as Phnom Penh.

Sear Neardey, senior valuation officer

As far as plot land, Neardey said that

Nevertheless, hotels like Bric-a-Brac

at Key Real Estate, which has an office

plots were starting at around $3,000.

and Bambu Hotel have stunning and

in Battambang, said that the Sangkat

Development is still a bit slow, he said,

well laid-out rooms and provide access

Svay Por area is growing in popularity.

but many areas are being developed

to swimming pool, sky bar, gym, and

Plots near the centre go for between

for business not residential purposes.

Battambang doesn’t have as many

2018 CAMBODIA REAL ESTATE

29

Busy and bustling Battambang

interesting scenery. Along the route

wine, and grape juice.

are the Banan Mountain, forests, Banan, before becoming Buddhist

Battambang has a wide range of

orchards, caves, and other scenic

markets, retail shops, and other

spots. A ticket to ride the bamboo train

business establishments. You can

costs $5 for foreigners and $2.5 for

Located around 20 kilometres

find a rich variety gift and souvenir

locals.

from the centre of Battambang is Wat Banan. Built between the

items at La Fabrik Shop & Gallery. At Heng Chhay Ly Mart, a wide variety of

Built by a history buff

10th and 13th centuries by King Udayadityavarman II, the temple sits

locally-made and imported goods are available. Fresh fruits and vegetables

For people interested in ancient

on a hill overlooking the Sangkae River.

and many other products can be

history and culture, this museum is a

One has to climb up on a 358-step

bought from Psar Nath Market.

must see. Established in 1963 by the

staircase to reach the temple. Wat

prominent French historian Madeleine

Banan is the best-preserved of Khmer

Below is a sampling of the most

Giteau, the Battambang Provincial

temple in Battambang, despite being

well-known and visited tourist sites in

Museum houses pottery, musical

pillaged and looted in the past.

Battambang:

instruments, and artifacts from the Angkorian and Pre-Angkorian periods.

Big batches of bats

Bottles of the best brandy

Phnom Sampeau is a historic,

Boarding the bamboo 100-metre tall mountain 15 kilometres

It’s probably the most well-known attraction in Battambang. Locally

If you are a wine connoisseur or

outside of Battambang. The spot is

known as “Nori”, the trains are bamboo

just want to try locally-produced

peculiarly shaped like a ship, hence

platforms running on wheels and

wines, you may head to Chan Thai

the name Phnom Sampeau or “ship

powered by a small engine, usually a

Choeung (Banan) Winery 14 kilometres

mountain”. Overlooking Battambang,

tractor or motorcycle engine.

out of town on the banks of the

the site offers stunning views of the

Sangkae River. Every year, the place,

city and localities nearby. At dusk

The trains provide a unique and

which is Cambodia’s sole winery,

millions of bats fly out of the caves,

thrilling way of seeing the Battambang

produces several thousand bottles of

making for a spectacular scene.

countryside, with its beautiful and

Cambodian brandy, red wine, white

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CAMBODIA REAL ESTATE 2018

L OCA T I O N P R O F I LE

Boating and birdwatching

If you’re free-spirited, however, it’s easy to rent a bike, either the motor or

country.

pedal variety.

“Battambang is one of the last standing

era. Is now a popular recreational area

You can rent motorbikes from $6 to

real Cambodia,” she said, adding that

located just outside of Battambang. It’s

$8 per day or bicycles for around $2

a good place for picnics, boating, and

per day.

Kamping Puoy Lake was formerly a reservoir built during the Khmer Rouge

swimming. Visitors can hire a boat to explore the lake and its surroundings.

Becoming one of the best

Is also a good area for bird watching with the area inhabited by many

Battambang is sleepy no more. In

different kinds of birds.

the last few years, the province has

towns, where you still have a taste of when the highway connecting the city to Phnom Penh was finished in two to three years the story could change. “ I would urge people to visit now.”

steadily climbed the ladder to become Bumming around on bikes

one of Cambodia’s most important provinces. Barring some unexpected

Want to take a freestyle tour around

and tragic happening, there is no other

Battambang? Simply hire a local tuk-

way but up for Battambang.

tuk to drive you around and point out all the sights. A half-day costs just $10

Andrea Suteu, the manager of La Villa

to $15 and a full day $18 to $25.

Boutique Hotel in Battambang, said

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

the area is like no other place in the

2018 CAMBODIA REAL ESTATE

31

AD VERTO RIAL

DEVELOPING WITH RECREATIONAL AMENITIES

By George Foose development can be made amenity oriented. Amenities can be tennis, swimming, or fitness centres or they can be major developments such as golf, marinas, or large recreation and social clubs. However, there are potential pitfalls along the way.

Why add amenities to a project?

The primary reasons developers add recreational amenities to their projects is to 1) add value to improved land or real estate projects, or 2) gain marketing leverage for sales. In some developments recreational amenities are included with a view toward being profitable entities on their own.

Sometimes the amenity can become a social focus of a community and serve a purpose well beyond adding value to What is amenity-oriented

can also be those that are man -

development? The word “amenity�

made.

as applied to real estate, is a broad concept that can include any

To take this discussion further,

feature that is attractive to a given

as developers, when we use the

market segment and so adds value

term amenity we usually mean

to the land. Many amenities are

a recreational site that is either

natural to a site, such as a splendid

natural to a site such as a beach,

view, convenient access, or even the

mountain, forest, or lake, or that is

climate and local culture. In a resort

constructed such as sports, athletic,

environment like Phuket these have

or health and fitness facilities. The

been recognised as the key drivers

basic assumption is that man-made

of both commercial and residential

amenities compliment the real estate

real estate development. Amenities

project. Nearly any type of property

32

CAMBODIA REAL ESTATE 2018

real estate or selling homes faster.

Conflict On the other hand, developing with recreational amenities can carry large risks. Most obvious is that the basic amenity strategy just might not work. If the facility does not attract a market and generate sales the higher carrying cost and debt, accentuated by lower than expected values, could bring down the entire project. A poorly planned amenity package can also tie up a developer

A DV ER TO R I A L

with high maintenance and operating cost. Many developers allow pride to get in the way of realising that they are not in the business of managing the operational complexities of large sports or hospitality amenities.

Golf courses, sports clubs, and marina’s are classic examples of this.

Amenity development and amenity management can be two separate disciplines.

An “amenity strategy” means having a clear understanding of the market, the projects life cycle, and an early plan for the eventual transfer of the operational management or equity

buyers. But this can be one of the

specifications in the bid package,

control of the amenity. The two basic

major risks involved in recreational

which sometimes leaves the developer

purposes of recreational amenities,

development. The facility may require

at the mercy of his general contractor.

increased land value and added

heavy early financial resources and

All this stems from poor planning or

marketing leverage, reflect the interest

produce high initial operating losses

lack of interest in what happens after

of the developer or buyer on one

that the project cannot absorb.

title transfer.

Quality

Disclosure

value and others because they will be

One of the biggest conflicts between

The key to resolving these conflicts

heavily used. For example, club houses

the developer and the end user is the

between developer and buyer/user

and restaurants versus children’s

quality of recreational facilities. Very

is for the developer to establish an

playgrounds and tennis courts.

often when a developer includes a

“operational plan” that sets forth who

This divergence between marketing

package of recreational facilities for

will develop, own, and operate the

orientation and user orientation has

the purpose of gaining marketing

amenity for how long, and who will

long-term implications. Sometimes the

leverage, he does not have the end

use the facilities on what terms. Thus

developers chosen amenity, geared

user in mind. What gets built is a basic,

public “disclosure” of the developer’s

to sell real estate, will be expensive

brochure fulfilling, poor quality facility

operational plan can actually add

to maintain and be under-used, while

that soon falls into disrepair by the

perceived value in the minds of

facilities with extensive family appeal

phase of the project in which the buyer

buyers. Developers with up front

never get built. This is why many single

becomes the end user and is asked to

amenity strategies can use disclosure

amenity golf course projects still carry

contribute common area fees. Buyers

as a compelling marketing tool

the name “golf and country club”.

would be wise to check construction

that convinces buyers of a project’s

techniques, and the quality standards

credibility and commitment to quality.

hand and the interest of the user on the other. Developers may choose some facilities for their marketing

Phasing

of sports surfaces, lighting, and the fitness equipment of the recreational

Myths

The phasing of a project is one of the

amenities being promised to them.

principle issues of amenity-oriented

Poorly designed and built facilities can

One of the most widely accepted

development. Many experts believe

cost more to repair than the resident’s

myths in developing large recreational,

recreational amenities should be built

common area fees can afford. Another

hospitality, and health amenities is

first so that they can be used to attract

common problem is poor quality

that the developer needs to retain

2018 CAMBODIA REAL ESTATE

33

AD VERTO RIAL

Summary For the developer looking the add value to his project with the inclusion of recreational amenities it is important to have an amenity strategy that addresses the issues of phasing, quality, disclosure and the disposition of the facility after it no longer has economic importance for unit sales.

For buyers, members, and users of recreational amenities, it would be wise to factor in the ‘transfer� of not only the perceived value over time from the developer to the user, but the transfer of economic responsibility to maintain the facility. Nothing sells control of the operations and the

2. Contract full day-to-day

ownership of the amenity over a

operational control to a

substantial period of the development

professional management firm

process. This belief is particularly

specialising in recreational,

strong in family-owned developments

hospitality, membership, and

that include major recreational and

marketing issues.

social facilities in their package. The disadvantage to everyone, of the

3. Lease the amenity to a third

developer retaining control is that

party or professional management

because of the developer’s lack of

company which then assumes full

expertise in the many disciplines of

profit and loss of the facility.

amenity management, the project may fail to live up to its promise and

4. Retain full control of the

potential.

amenity by hiring an employee professional manager of the facility

Disposition plans

and give him a high or low degree of responsibility and authority.

There are four main types of

This may not create a win-win

disposition plans used by developers

situation for the buyers and users.

when framing their operational plan

Sometimes capable managers

for the inclusion of larger recreational

are relegated to caretaker status

amenities into their projects.

with no budgets or authority.

Also, as sell out approaches and

34

1. Transfer of the amenity to an

the perceived value of the facility

owner association through an

transfers from the developer to the

equity plan. In this case it is then

users, their views are not going to

up to the residents or members to

be the same as the owner as he no

decide on the make up of the day-

longer has an economic need for

to-day amenity management.

the facility as a marketing tool.

CAMBODIA REAL ESTATE 2018

projects, and saves money like quality.

Insist on international standard design, construction, surfacing, and equipment in recreational amenities.

George Foose is Executive Director of Sports Engineering And Recreation Asia Ltd. He also heads Seara Management Associates, which specialises in the planning, design, development, and management of recreation and sports facilities, private clubs, hospitality, and recreational real estate projects.

Contact : Mr. Anthony Gaglardi Seara Country Manager anthony@searasports.com Tel: 016 577 669

2018 CAMBODIA REAL ESTATE

35

ED I TORI AL

KINGDOM’S CONDO MARKET

S E T T I N G O F F ‘ G O L D E N A G E ’ O F R E A L E S TAT E

Cambodia is considered one of the

buyers. There is a unique investment

or along major corridors such as

fastest growing economies in Asia.

opportunity in buying condos. They

Norodom or Hun Sen boulevards.

Without a doubt, this growth has

can generate a solid revenue stream

driven rapid progress in real estate.

and increase hugely in value over time.

The story changed starting in the second half of last year. Strategic

Condominiums, which represent a

Before last year, most new

areas such as Sen Sok, Tuol Kork and

new trend in the Kingdom, are gaining

developments were centred either

Chroy Changvar districts saw a flurry of

steam and catching the eye of local

near the central business district

activity.

36

CAMBODIA REAL ESTATE 2018

Soth Virak, CEO of Huttons CPL, said

Khorn Kungkea, CEO of agency

the main factors that led buyers to

that the Kingdom is currently in a

ERA Cambodia, reflected on buying

condos. He said that if they wanted to

“golden age” of real estate and is

opportunities by saying that there

rent out the condos they were often

offering huge value gains compared

are benefits to be had when buying

able to get returns of 8% per year.

to Thailand, Vietnam and Malaysia.

from an off-plan project. He said that

Markets there, he said, are mature but

projects can increase in value as other

Felix Calimbo Jr, sales and marketing

growing at a slower pace.

projects fill in the surrounding space,

manager for the Residences BEL AIR

and can be expected to generate high

project, expanded on the flexibility

rental returns for years in the future.

offered by condo developments.

affordable land prices and freehold

“Before, 80% of my clients were

“[Condos] offer high capital

ownership.

foreigners. Now, however, most are

appreciation. Condos can be flipped

Cambodians,” Kungkea said, adding

into an apartment or hotel whereas

“Phnom Penh is now similar to

that reasonable prices are making for

other real estate investments can’t be.

Hong Kong in the 1980s,” he said,

a very attractive market.

Virak stressed two factors that make Cambodia unique in the region:

adding that Knight Frank and other

Calimbo was sure to remind that great

international brand developers are

A five-star unit in Cambodia, he said,

deals don’t always mean good quality

optimistic for the Kingdom’s future.

can sell for between $2,500 and

properties. He advised buyers to follow

$3,500 per square metre. He claimed

due diligence on legal issues before

According to a third quarter report

that a similar property in Singapore

making any decision.

from Cambodia’s agent group CBRE,

would be priced closer to $18,000 per

six new condo projects were launched

square metre.

in that time. The majority of them were in these new up-and-coming districts.

The new projects are set to add a

Speculating on the future, however, he said that he expects condos to be

Echoing Kungkea’s view, Virak said that

a much more prominent feature of

90% of his condo buyers are currently

Phnom Penh’s skyline as the years go

Cambodian.

by.

further 2,374 units to the condo supply and will mark a 5.2% increase over

“For a typical project we sell five to

launches in the previous quarter. This

six units a month to local clients,” he

shows that developers are growing

confirmed, adding that convenient

more confident in the sector and are

location, good facilities and amenities,

putting down serious investments.

community lifestyle and flexibility were

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

2018 CAMBODIA REAL ESTATE

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CAMBODIA REAL ESTATE 2018

2018 CAMBODIA REAL ESTATE

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2018 CAMBODIA REAL ESTATE

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LOC A TI ON PR O FILE

OPPORTUNITIES SPROUTING FOR KAMPOT ECO-RESORTS

The growth in Cambodia’s real

Reap seems to currently be leading the

estate sector has been turning

progress for eco-resorts, as the Angkor

heads as of late. Housing trends in

Wat complex is already one of top

Rithy himself has plans in the works for

the country are changing massively.

tourist draws. Eco-resort project have

eco-resorts in Phnom Penh, Siem Reap

Living standards and land values

also arisen in Preah Sihanouk, Kampot,

and Kampot.

are going up.

Kep, Koh Kong, Ratanakkiri, Mondulkiri

Another market, that of tourism in the

nature-based getaways.

and Kampong Speu provinces,

“We are now doing feasibility studies

however.

to determine each province’s potential

Kingdom, is also witnessing a changing

location for these coming eco-friendly

tide. As the number of incoming

Teng Rithy, founder & chairman

tourists rises, the amount invested into

of R’ Investment Group, said that

hospitality follows. Developers are now

Cambodia’s environment is fertile

Nearly 100 eco-focused resorts

seeking to capitalise on Cambodia’s

ground for eco-resorts to flourish. He

already exist across the country, such

unique landscape by investing in

claimed that investors should strive to

as Song Saa Private Island, Royal Sand

retirement homes, vacation homes

create ecologically sustainable areas,

Resort on Koh Rong, Koh Andet Eco-

and eco-resorts.

in addition to resort buildings. Unlike

Resort, Knai Bang Chatt Resort in Kep,

nearby Singapore, where developers

Siem Reap’s Phum Baitang and Salty

Each of the country’s 25 provinces

have to put millions into developing

River Resort in Kampot.

offers something unique that

the land, the Kingdom’s environment

developers are eager to highlight. Siem

already provides the foundation for

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CAMBODIA REAL ESTATE 2018

projects,” Rithy said.

The possibilities for highlighting natural

features are nearly endless, given

opportunities because the majority of

thatch surrounding modern amenities.

the country’s vast beaches, forests,

eco-resorts in Kampot are medium or

Meanwhile, they tried to highlight the

waterfalls, mountains and rivers.

small projects,” Ken added, claiming

natural environment of the river.

that the number of both domestic and Diving deeper into the potential for

Western tourists to the province is

“We not only offer the best services

Kampot province, Sok Ken, founder of

rapidly increasing.

but we also ensure safety and

real estate agency Kampot Property,

security,” Mathsary said.

said that province has seen rapid

Touching on price ranges, Ken said

growth of eco resorts over the last

that local tourists were often looking to

Looking to the future, Mathsary

year.

spend between $15 and $30 a night at

predicted that the province would see

an eco-resort.

a stronger economy from the rising

Ken attested that the area along the

tide of tourists. What was once known

Kampot River has gotten the most

Rithy noted that luxury

as a sleepy province, he said, could

attention. Plots up to 30 kilometres

accommodations in the country could

become a hub for hospitality jobs.

away have also been eyed for their

go for as high as $3,000 a night. He

natural beauty, however.

urged developers toward creativity,

“Kampot will be well known both locally

however, saying that those bringing a

and internationally,” Mathsary said.

Citing the access to mountains, rivers,

new concept to the sector should have

forests and the ocean, Ken claimed

flawless plans. Everything from designs

there was still plenty of undeveloped

and construction to food, beverage

potential in the region.

and security needs to be thought out, he claimed.

“There are many untapped and hidden areas that no one has touched yet,” he

Nos Mathsary, a representative of

stressed.

Bamboo Bungalow in Kampot, said that the resort made use of hybrid

“I believe there is still more

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

designs with traditional bamboo and 2018 CAMBODIA REAL ESTATE

41

ED I TORI AL

CANCELLATION OF EBA W I L L I T H I T T H E K I N G D O M ’ S R E A L E S TAT E S E C T O R ?

The speedy development of

linked with the real estate sector.

chemical rubber, plastic, electronics

Cambodia’s real estate sector has

Factory premises are the foundation of

and paper.

been a key factor in the country’s

any such business, after all.

constant GDP growth of around 7%.

Most of the Kingdom’s factories are

Indeed, growth has hovered at this

According to the Ministry of Industry

located in the vicinity of Phnom Penh.

level for nearly a decade.

and Handicrafts, Cambodia’s industrial

However, they can be found across

sector employs nearly one million

the nation, in locations such as Preah

Currently, tourism, agriculture

people, 800,000 of which work in

Sihanouk, Kampong Speu, Kandal, Svay

and manufacturing all seem to be

garment factories. Of the 1,522

Rieng, Kampong Chhnang, Takeo and

pushing the demand for property and

registered factories operating in the

Kampong Cham provinces.

building in the Kingdom. Garment

country last year, over a thousand

manufacturing, which is a lynchpin of

were making garments. Secondary

As factories are built, the population

the country’s economy, is inextricably

industries included food and beverage,

in the nearby area grows along with

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CAMBODIA REAL ESTATE 2018

EDI TO R I A L

economic activity and, in turn, real

the city to grow and expand in terms

claimed, adding that affordable real

estate values.

of infrastructure, housing, services

estate is pivotal for fostering the

and amenities,” he added. With a

growth of small- and medium-sized

James Whitehead, CEO of yula.la, Laos’

larger population, demand for food,

enterprises, especially on the outskirts

leading general classifieds website and

accommodation, entertainment and

of the city.

laorealestate.la, Laos’ first specialised

services also grows.

real estate portal, noted that Phnom

Sharing Seap’s view, Whitehead said

Penh hosts many of the Kingdom’s

Sorn Seap, founder and CEO of

that garment factories mainly impact

factories. Laos, in contrast, he said,

Cambodia’s Key Real Estate, said that

the market for low- and middle-tier

relies more heavily on hydropower and

garment factories have been essential

real estate.

natural resources. These industries

to the growth of the real estate sector.

Bringing about positive changes

aren’t as labour intensive and don’t necessarily lead to urbanisation in

Seap elaborated on this connection

the capital of Vientiane. Cambodia’s

by saying that economic growth feeds

In the past few weeks there has been

garment industry, however, requires

the property sector. Growth, in turn, is

talk about the European Union (EU)

centralised labour.

mainly fuelled by manufacturing.

discontinuing the Kingdom’s dutyfree trade preferences under the

“The manufacturing sector has a huge

He explained that, in many cases,

Everything But Arms (EBA) pact. This

effect on real estate growth because

miniature economies sprouted up

has led to concern over whether the

many people come to urban areas

around factories. Food vendors and

real estate sector will take a hit in the

specifically to find work,” Whitehead

retailers often pop up in the area to

coming months.

said, adding that most of that growth is

cater to the vast amount of workers.

concentrated in Cambodia’s capital.

“The huge number of people push

Commenting on this market shift, “It leads to huge demand for rental

Whitehead claimed it could shake

houses in the city’s suburbs,” Seap

up the market, but would ultimately

2018 CAMBODIA REAL ESTATE

43

ED I TORI AL

create positive change. He said that

polishing were two options that could

preferences, the garment sector will

jobs should evolve beyond low-skilled

prove fruitful.

take a hit, as will other export sectors.

economy by entering more lucrative

Further, the government can assist

Chou claimed that if a significant

segments of the market.

by creating more high-level industrial

number of investors closed their

plans so that opportunities in

factories in the country, there could be

Diving deeper, he said that Cambodian

these industries can be developed

a domino effect.

factories made most of their money

sustainably.

labour and bring more value to the

from low-level consumer products for

“Workers rent houses and their

the huge EU market. Moving toward

Seap echoed these claims, saying that

landlords have mortgages with the

high fashion items, or even electronics

tax preferences were, indeed, helpful.

banks. If there are no workers then

would require workers with more

However, education and development

landlords end up losing business,” he

education and more training. Shifts like

were important for creating growth

said.

this, he said, are already taking place in

within the country.

nearby Vietnam and China.

Other predictions for the outcome of “[The sector] needs to boost the

EBA cancellation have been quite dire.

value chain and train staff for higher level manufacturing,” Whitehead said,

According to local media, economist

adding that electronics or diamond

Ngeth Chou said that, without tax

44

CAMBODIA REAL ESTATE 2018

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

2018 CAMBODIA REAL ESTATE

45

46

CAMBODIA REAL ESTATE 2018

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WWW.SEAPS.ASIA 2 0 1 8 C A M B O D I A R E A L E S T A T E 47

ED I TORI AL

FIVE WAYS TO SPICE UP YOUR HOME DECOR WITH CHINESE FENG SHUI

The traditional Chinese practice

In a nutshell, feng shui is about way

let the sunlight into your living space.

of feng shui aims to harmonise

more than moving your sofa to the

Sunlight can lift your mood and reduce

individuals with their surrounding

other side of the room. You don’t

stress. It makes rooms feel open and

environment. Many Westerners

even need to buy anything to boost

free. Plus, getting a little bit more

incorrectly think this is just about

the energy of your own space. Here

vitamin D never hurts, right?

furniture arrangement. However,

are five main aspects of feng shui that

it’s much more than that.

can help bring a little ancient Chinese

Under traditional feng shui guidelines,

energy to your home:

sunlight was thought to ward off evil

Many believe proper feng shui can bring happiness and luck to any space,

spirits.

1. Sunlight 2. Colour

whether that be your home or working place.

Homes that follow traditional feng shui should take advantage of natural

Colour is another essential element

Throughout history feng shui has been

light as much as possible. After all,

of feng shui. Just like light, colour was

used to organise urban areas, parks,

electricity is a recent technology. In the

thought to affect the energy and flow of

homes and even tombs. Feng shui’s

past it was important to let the sunlight

a certain space. Of course, light colours

primary directives involve making

into your house so you could see.

have warming and lifting energy. On the

inhabitants feel refreshed and hopeful.

other hand, dark colours are believed to Now, however, it’s still important to

48

CAMBODIA REAL ESTATE 2018

be heavy and cold.

It is recommended that you use dark

they are in places where you see them

teaching of Marie Kondo from Japan

and light colours in combination to fit

in the morning.

who instructs her students to get rid of

the feeling of each room. The tones must be compatible. For instance, blue

anything that doesn’t “spark joy.” This 4. Air

idea jives with that of feng shui.

Have you ever complained that a room

Get to it

and white are two colours that are thought to look harmonic together.

feels too “stuffy”? Maybe there just This is one aspect of feng shui that is

wasn’t enough airflow.

already familiar to people in the West.

So, whether you ascribe to the ideas of feng shui or not, it’s undeniable

Decorators are already familiar with

In feng shui, having enough natural air

that rooms can have a certain mood.

complementary colours and clashing

movement is pivotal in bringing energy

Whether you’re moving into a new

colours.

to a space. Proponents of this practice

apartment or sprucing up your home,

say that fresh air contributes to the

use these methods to be more in tune

health of inhabitants and improves

with feng shui.

3. Plants

vitality.

Plants play an important role in any home decoration. Indeed, a home that

5. Cleaning on a daily basis

follows the techniques of feng shui is no different. Plants are, of course,

Lastly, you may not know that

living organisms so the fact that they

cleanliness is a big part of feng shui. It

produce energy is undeniable.

is said that clutter and disrepair cause negative energy to enter a space. Try

Scientific studies have often supported

getting rid of anything unnecessary

the fact that rooms with plants feel

and reducing your possessions.

more relaxed and comfortable. In feng shui, plants are particularly powerful if

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

Many in the US are following the

2018 CAMBODIA REAL ESTATE

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LOC A TI ON P RO FILE

COMPETITION HEATING UP IN SIEM REAP HOTEL MARKET

New real estate developments have

Phin Vanna, CEO of Camglobe Realtor

centre in the area, and there is still

been shooting up across Siem Reap

in Siem Reap, noted that larger

untapped potential.

over the past few years. Indeed,

hotels—those with more than 100

the Kingdom’s main tourist draw

rooms—have seen a massive influx

“I am working to help foreigners invest

has seen a spate of new hotels,

of Asian tourists, especially Chinese

or rent hotel businesses in Siem Reap,”

boutique accommodations, guest

nationals.

Evans added.

year Mario Tan, sales and marketing

“Boutiques, guesthouses and

“There are many hotels featuring

director of Hunter Estate, claimed

homestays have not grown as fast as

many rooms across the city. Last year,

the number of tourist-centric

large-scale hotels,” Vanna said, adding

30 new boutique hotels were built

structures has surpassed 1,000.

that the number of Western visitors to

nearby Damnak pagoda. This brought

That is double what existed in the

the area has gone down by about 50%.

hundreds of new rooms to the

city just two years ago, he added.

The number of Chinese tourists, he

market,” he stressed.

houses and apartments. Earlier this

claimed, has doubled in recent years.

It’s no surprise that the home of the

He mentioned that most groups from

Interestingly, Camglobe’s Vanna

Angkor Wat temple complex has seen

China come as a part of packaged

claimed that, prior to July’s national

such a massive demand for lodgings.

tours.

election, investor interest in hotels

According to Angkor Enterprise, the

saw a noticeable spike. Now, however,

custodial organisation for the park, the

Charles Evans, director of Siem Reap’s

renter and buyer demand has

number of visitors nearly hit 2.5 million

Cambodia Property Shop, said that

flattened out.

in 2017.

the hospitality sector is still front and

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CAMBODIA REAL ESTATE 2018

“A 100 to 200 room hotel can be

still exceeding demand due to the

It offers 22 rooms on a 1,425 square

rented for between $50,000 to

number of new projects.

metre plot.

Growing competition isn’t the only

“We bring the unique feeling of living

challenge the sector is facing, either.

within the natural environment of Siem

Vanna, however, noted that majority

Phy Sophov, general manager of Ring

Reap,” Sophov claimed. He added that

[90%] of building owners prefer to sell

Boutique Hotel, said that owners need

they weren’t seeing as many foreign

the whole hotel rather than rent it out.

to stay in tune with the preferences of

visitors, but domestic tourist numbers

travellers. If they simply stick with the

at the hotel were up by 70%.

$100,000 per month, in accordance with its location and facility,” he added.

“A hotel with 100 to 250 rooms can

same business model, he said, they

sell for between $20 million and $60

will fail.

million,” he revealed.

Cutthroat competition

Noting that keeping rooms affordable was pivotal to their business, Sophov

Sophov added that, despite growing

said that rooms could be had for

numbers, the market is in the midst

between $30 and $35 per night during

of a cooling down period. Large-scale

low season.

Of course, more options in Temple

luxury hotels have the most room for

Town means more competition.

growth, he claimed.

Commenting on this, Evans noted that

Camglobe’s Vanna noted that boutique hotels were popping up at nearly every

some hotel owners who aren’t able to

“The market is still relatively strong

generate enough income are shifting

and developers can profit as long as

their property over to long-term stays.

they bring something unique for their

“Four-star hotels in the area are

clients,” Sophov pointed out.

charging between $100 to $250 per

Choch Cho, founder and CEO of Siem

price point, however.

night. Many boutique hotels are also in

Reap Property Services, echoed the

Perhaps due to the falling number

claims that competition was getting

of Western visitors, many small

more fierce as new hotels emerge in

boutique hotels have suffered or even

the city.

closed over the past year. Sophov’s Ring Boutique Hotel, however, has

Cho explained that, although visitor

capitalised on the growing trend

numbers were on the rise, supply was

toward eco-friendly accommodations.

this market segment,” he said.

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

2018 CAMBODIA REAL ESTATE

51

ED I TORI AL

HOW TO START A BUSINESS IN CAMBODIA

This year’s World Bank Ease of

Michelle Brown, the founder of

reputation for being a place where

Doing Business report ranked

Kampot’s Bohemiaz Resort and Spa,

bribes are a part of the business

the country 185 out of 190 when

notes that she had a close friend

environment. To be sure, however,

it comes to starting a business

living in the country help with the

things are getting better day by day.

in Cambodia. However, many

initial process of starting a business in

Since many processes are quite slow,

foreigners are still attracted to

Cambodia. Her associate then came

business owners will sometimes

the Kingdom as a place to begin

on as a manager and helped find staff

pay unofficial fees to expedite them.

their journey as entrepreneurs.

when they opened in 2014.

Realestate.com.kh does not endorse

The report showed that it took an

any form of bribery and recommends

average of 99 days to complete all

Indeed, if you decide you want to

full compliance through official

the legal procedures to register an

try starting a business in Cambodia

channels only.

enterprise.

in either the food and beverage or hospitality sector, you can often

The sky’s the limit

It should be noted, however, that

find places that are already for sale.

there are a wealth of options other

Perhaps you want to start a bar,

Do you want to start a sole

than starting from the ground up.

guesthouse or restaurant. Just search

proprietorship or a partnership? What

Many people choose to join up with a

business for sale in Cambodia on our

licences will you need? Will you be

business that is already established.

site to check out options.

hiring workers? These are all questions

Others will hire a local fixer to help smooth the process of starting up an

you should be answering before you ‘Unofficial fees’

operation.

Legal has a handy guide on their Unfortunately, Cambodia still has a

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CAMBODIA REAL ESTATE 2018

start the registration process. BNG website that you can use as a jumping

off point when you begin the process of starting a business in Cambodia.

that go into further detail.

When the MoC process is complete you will only have two weeks to

Securing funding

In fact, it wouldn’t hurt to get legal

register as a taxpayer with the GDT.

advice from a lawyer in the country.

There you can either register for six

There are many different ways of

Just a short meeting can often be

months or one year as a taxpayer. The

getting the capital you need to initiate

indispensable for sending you in the

fee is $500 or $650, respectively. All

starting a business in Cambodia.

right direction.

documentation from the GDT is usually

Perhaps you want to scout out

completed in less than a month.

investors. Or maybe you want to raise

By the books

the money yourself or pool funds with The MLVT process can also be

a partner. Every industry will have

Before starting the registration

completed—at least in part—online.

different needs when it comes to initial

process you will need a valid business

Note also, that businesses will have to

investments.

visa, a local bank account with at

register for the National Social Security

least $1,000 deposited, a certificate

Fund here, dependent on how many

of health and a criminal background

employees they have.

check from your home country. Note

Finding your space One of the biggest attractions of

that you should open a bank account

Additionally, there are licences that

starting a business in Cambodia is the

with a bank where you can pay

will be needed. This depends on

affordable real estate here. What’s

government fees such as Acleda, FTB

the sector in which your business

more it can be easy to find a space for

or Canadia Bank.

operates. If you are starting a

sale that is already set up for what you

guesthouse or restaurant the Ministry

need. If you want to start a hotel just

After you have these materials it’s time

of Tourism will be where you go. These

search the listings on our site.

to start the government registration

licences usually need to be renewed

process. This process will take you

annually.

through the Ministry of Commerce

You can also find plenty of listings for office space.

(MoC), the General Department of

Paying salary tax, profit tax and value-

Taxation (GDT) and the Ministry of

added tax (VAT) is done by the 20th

Looking for a place with everything

Labor and Vocational Training (MLVT).

of each month. If you need a deeper

you need can sometimes be difficult.

Luckily, much of the MoC process can

dive into the registration process, B2B

We recommend consulting the expert

be completed online.

Cambodia has some great resources

assistance of a real estate agent. They

2018 CAMBODIA REAL ESTATE

53

ED I TORI AL

can help you zero in on what you

In general, you get what you pay for.

BritCham and EuroCham. Their

need.

Staff with higher skills and more job

sites have tons of resources and

prospects will command a higher

their events are a great place for

Of course, if your operation is small

wage. The best way to settle on a

networking.

you can look at coworking spaces.

fair salary is to do plenty of research.

These are becoming more and more

Find out what similar positions in the

More informal networks can be found

popular in the country and can be an

country are offering.

in groups on Facebook and other

affordable way to get started quickly.

social media. Finding like-minded Staff retention is one of the biggest

individuals will help while you are

problems you could encounter after

starting a business in Cambodia.

starting a business in Cambodia. It’s

You will eventually get to know other

Hiring staff members is a long

vital to find the right workers, invest

business owners in the area and it

and intimate process. However, if

in them and build a strong workplace

can be good to show support for each

it is done right your business will

culture. You can use a staffing agency,

other. After all, everyone benefits from

reap the rewards. The Kingdom is

job site such as BongThom.com

a growing economy, right?

disproportionately young, so take this

or ask for recommendations from

into consideration. A job with the right

trusted friends. If you plan ahead and

salary and a possibility of advancement

emphasise thorough training you and

will, hopefully, generate lots of interest.

your staff will succeed.

Hiring workers

Make it big by marketing So you’ve set up your business and hired a staff. Now it’s time to get a

Training can be absolutely pivotal for

Commenting on the rewards and

solid customer base. Marketing in Asia

new employees. Don’t let the cultural

challenges of hiring a local staff,

is quite different from marketing in the

divide get in the way, either. If your

Bohemiaz’s Michelle Brown said that

West. In Cambodia, Facebook is king

enterprise is big enough, definitely

seeing her employees grow has been

and most people have smartphones

consider hiring a professional HR

one of the most exciting parts of her

but not necessarily a computer. Ads

manager that can solve any staffing

experience after starting a business in

that might seem old-fashioned such as

issues.

Cambodia.

tuk-tuk signs, radio ads or billboards can be very successful here.

Cambodian offices are usually open

“It just took some time to adjust to

for 40 hours a week, but many also

learning how to communicate … the

There are tons of events going on

work Saturday mornings as well to hit

most rewarding thing about what I

across the country where you can

45 hours a week. The Kingdom has a

have created at Bohemiaz isn’t the

spread the word about your business.

whopping 28 days of public holiday a

development of the resort but seeing

Expos and trade shows go on all the

year. Many businesses are starting to

the young girls I employed four years

time for sectors ranging from real

move towards a less holiday-intensive

ago blossom into amazing young

estate and construction to cosmetics

schedule, but compromises often

ladies with real career aspirations and

and travel. Get your brand out there!

need to be made. Family is a very

desire to travel and learn,” she said.

Avoid the common pitfalls

important aspect in Khmer culture.

Some businesses also choose to add

Plug into your network

one workday every month to make up for the holidays.

Just like in any other country there are Fellow business owners can be some

difficult parts to starting a business

of the best resources for advice. There

in Cambodia. You can learn from the

Benefits and health insurance are on

are already tons of organisations in

mistakes of others, however, and come

the rise in Cambodia. However, salary

the country where you can connect

out ahead.

is still one of the most important

with entrepreneurs from your country.

factors for new hires. There is no hard

Check out the American Chamber of

One of the biggest tips you hear from

and fast rule for Cambodian wages.

Commerce in Cambodia (AmCham),

entrepreneurs is to surround yourself

54

CAMBODIA REAL ESTATE 2018

EDI TO R I A L

with people you trust. Whether it’s

Brown mentioned that one of the

Don’t forget that Realestate.com.

business partners, staff or landlords,

biggest challenges she has faced

kh can help you nearly every step of

only rely on people who you truly have

has been with bank and government

the way, either. Besides helping you

faith in. Your business should be like

contracts. She urged business owners

find real estate, our news section can

your child. After all, you wouldn’t let

to be totally sure of all the details

keep you up to date on the sector.

just anyone off the street babysit for

before signing on the dotted line.

Additionally, we have other guides like

you, right?

this one that can help educate you and “Initially it was also difficult to get a

Make sure you plan ahead. Do your

regular supply of imported products,

research. Talk to experts. Ask lots

however in the last couple of years

and lots of questions. There is no

the supply chain has vastly improved

such thing as too much preparation.

and the range of western products in

Calculate everything out and have a

Kampot is now amazing,” she added.

improve your skills.

plan in case it all goes wrong. You will thank yourself later.

May the force be with you

Lastly, and perhaps most importantly,

Growing a successful business isn’t

stay flexible. Remember, Cambodia is

easy. It definitely is possible, however.

still a developing nation. There will be

If you work hard you will have

setbacks and there will be headaches.

something to show for it. Surely you

If you can roll with the punches you will

will learn loads about yourself and

be that much better off.

about this wonderful country.

View all of Realestate.com.kh’s guides, covering everything from investment to taxes

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EVE NT RECAP

REALESTATE.COM.KH’S HOME&LIFESTYLE EXPO D R AW S O V E R 2 0 , 0 0 0

Over 20,000 people descended upon

market. Borey developers were there,

sales that will smash their yearly sales

Koh Pich on the weekend of April 26

as were condo developers, plot land

quotas.

and 27, many of them putting down

dealers, agencies, lawyers, banks,

big money for condos, borey homes,

construction firms and architects.

land or cars at Realestate.com.kh’s

Affordable properties were the focus of the show, so it’s no surprise that

massive Home & Lifestyle Expo 2019.

There was also lifestyle luxury brands

middle-class Cambodians made up a

The company’s CEO claimed it was

there selling cars, watches, handbags,

large contingent of attendees.

their most successful event to date.

furniture and much more. Many were offering their biggest discounts of

“Around half of the attendees were

Taking place at Koh Pich Exhibition

the year. The event didn’t disappoint,

local,” said Realestate.com.kh CEO

Centre, the event hosted exhibitors

either. Many exhibitors were able to

Tom O’Sullivan, adding that the

from every section of the property

connect with quality buyers and book

remaining demographics were mostly

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Chinese and just a handful of other

sales at the show worth over $60,000

Carmaker Nissan reported that a lucky

international visitors.

combined.

buyer rode home in a new $50,000 luxury vehicle bought at the show.

“We really wanted to make the event

Worldbridge Homes hit the high notes

Honda, on the other hand, sold four

into a blockbuster weekend and we

during the expo as well. They sold nine

motorbikes for around $3,000 each.

were floored by the overwhelmingly

properties, raking in over $250,000.

Sofa Shop, a furniture retailer, sold

positive response. By all accounts,

eight pieces during the show worth

this was one of the biggest real estate

Local agency Pointer Property had an

nearly $10,000 combined.

gatherings that Southeast Asia has

exciting weekend as they recorded

Sales figures are still streaming in from

ever seen.”

four sales worth around $70,000 each.

the huge event. However, Realestate. com.kh hopes to surpass the record

Explosive sales

7 Residence hit it big with a single sale

from its previous event, which

of a unit worth half a million dollars.

generated around $30 million in sales.

in Phnom Penh’s Chak Angre Leu,

But sales weren’t the only way to judge

“This event proves that Cambodia’s

was particularly hot with real estate

the success of exhibitors. In fact, many

real estate sector is more alive than

shoppers. The group reportedly sold

collected hundreds of new sales leads

it’s ever been. Indeed, the future looks

40 units over the weekend worth over

that will continue to pay off throughout

bright,” said O’Sullivan.

$3.5 million combined.

the year. PHMK Real Estate, Capital

Arata Garden Residences was

Partners, Bred Bank, Royal Platinum,

Log on to Realestate.com.kh’s news

another hot ticket project on the

Air Apartments, Ohana Home Japan, La

blog to see more videos, photos and

weekend. Piloted by Creed Group, the

Bassac, RHB Bank, and Snowbell Hotel

highlights from the event.

development sold 12 properties at an

all left with over 100 red hot leads.

Urban Village, a development project

average price of just under $100,000 apiece.

The retail side of the show wasn’t

Top International Agent inked eight

without its heavy hitters either.

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F E A TURED AGENT

Key Real Estate

017 999 519 / 016 999 519

We are committed to consistently provide ethical professional and quality service to individual and corporate customers who seek high standard property valuation and other real estate consulting services with locally competitive price.

info@keyrealestate.com.kh

http://www.keyrealestate.com.kh/

Russey Keo (ID: 2496897)

Chbar Ampov (ID: 2493394)

All your options are open with this plot of land in Phnom Penh’s Russey Keo. The location is prime and transportation is ease. No matter what you want to do with the land it can be the perfect launchpad.

Land For Sale - $1,700/m2 Land size - 648.50m2

Land here is a blank canvas.

It’s ready to become anything you want it to be. Located in Chbar Ampov, this place is hard titled and has the potential for a whole range of possibilities.

Transportation is easy and values are sure to rise as the city grows.

Land For sale - $350 per sqm Land size - 41,580 sqm

Sen Sok (ID: 2496877)

Tuek Thla (ID: 2493393)

Sen Sok district is on everyone’s mind lately. This spacious villa is sure to raise in value as the area grows and becomes a bustling part of Phnom Penh. There’s room for parking and it’s hard title ready.

This two-story flat house in Sen Sok district is a great space in one of the hottest new areas of Phnom Penh. There are four rooms so it has endless possibilities. What’s more, the community has a safe and warm feeling.

Villa For Sale - $320,000

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Flat house For sale - $180,000

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Phnom Penh Thmey (ID:2530293)

Toul Songkae (ID: 2150711)

This gorgeous flat house is in a highdemand are of the city and is the perfect spot for a home or business.

It’s comfortable and Sen Sok district will feel safe and secure. What’s more the price is super affordable for property of this kind!

Flat houses like this don’t come on the renter’s market every day. This place in Toul Sangke has heaps of room and parking space too! It a great spot for opening a business or raising a family. It’s a chance to improve your future.

Flat house For Sale - $240,000

Flat house For Rent - $6,000/month

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Phnom Penh Thmey (ID: 2551398)

Toul Songkae (ID: 2234994)

Finding a property that fits your situation isn’t always easy. This flat house in Sen Sok district has so many possibilities. You can run a business here, rent it out or even make it your home. A hard title will be ready for you and your dreams await.

Flat house For Sale - $1,300,000

Finding the perfect apartment can be difficult. Luckily, this place is Toul Sangke can be yours to own, complete with a hard title.

It’s fully furnished and there’s tons of space. It’s close to tons of amenities of the city, too.

Apartment For sale - $225,000

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Tonle Bassac (ID: 2545355)

Stueng Meanchey (ID: 2553043)

What a sleek and elegant condo!

This space is compact but has one-of-a-kind views and luxurious design. It’s in Tonle Bassac district so everything is right at the doorstep. This dream condo is for sale at an extremely affordable rate.

This spacious hard-titled property in Stung Meanchey is the perfect place to start a business. With street access you’ll have plenty of customers. It has four rooms and it’s perfect to customise any way you want.

Condo For Sale - $3,500 per sqm

Flat house For Sale - $580,000

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FE A T U R ED A GENT

Knight Frank

023 966 878

There’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

Tonle Bassac (ID: KHRA160A)

Tonle Bassac (ID: KHRA143E)

Are you looking for high luxury in the centre of Phnom Penh? This Tonle Bassac condo has Italian furniture, top brand appliances and a comfortable design. There are two airy bedrooms, amazing skyline views and everything you need to start living in style.

Condo For Sale - Price on application

This three-bedroom condo is the epitome of luxury. In fact, it won three awards in 2017 for its amazing design and style. It’s in one of the capital’s trendiest areas. The wood floor and gorgeous staircase will take your breath away.

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BKK1 (ID: KHRA189A) This luxurious one-bedroom apartment is right in the heart of BKK1. You’ll be surrounded by the best restaurants and cafes in the city. What’s more there’s a pool and gym in the building.

Serviced Apartment For Rent - $1,500/month

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Condo For Rent - $2,800/month

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Toul Tum Poung 2 (ID: KHRA98) The wood finishes in this onebedroom apartment are sleek and modern. Residents have access to a large pool, and a fully-equipped gym. Russian Market is just down the road. There’s tons of banks, restaurants, conveniences stores and bars right out the door.

Apartment For Rent - $800/month

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Tonle Bassac (ID: KHRA212)

BKK1 (ID: KHRA189B)

This two-bedroom apartment is fully furnished. It maximizes space and has stunning views of the river.

The onsite parking means coming and going is easy. Tonle Bassac district is close to everything, tons of amenities are right out the door.

There’s tons of space at this BKK1 two-bedroom apartment. It’s full service and there’s a massive parking area as well as a pool and fitness centre. Deals this good go fast!

Apartment For rent - $1,800/month

Serviced Apartment For Rent - $2,500/month

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Tonle Bassac (ID: KHRA205A)

Chakto Mukh (ID: KHRA90)

This one-bedroom space is a place for a modern city dweller. The apartment has a minimal design.

It includes amazing city views, housekeeping services, access to a pool, gym, spa, children’s playroom and 24/7 security.

Enjoy the perks of hotel-living right in your own home. This one-bedroom serviced apartment is in the centre of the city. It’s got a colonial style but modern furnishings. The building has a pool, gym and is close to all the landmarks of Phnom Penh.

Service Apartment For Rent - $1,300/month

Apartment For rent - $1,200/month

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Daun Penh (ID: KHRA05)

Wat Phnom (ID: KHRA10A)

There is plenty of space at this one-bedroom apartment. It’s fully furnished and in a secure building in Daun Penh. Residents have access to a pool, gym and spa facilities.

Central Market and tons of banks and restaurants are close by.

Apartment For rent - $1,200/month

This serviced apartment just had a complete overhaul. It’s two bedrooms, and spacious floorplan are pure luxury. The building is in the CBD, too. There’s a pool, gym, café, restaurant, BBQ area and access to all the amenities of the city.

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Serviced Aparment For Rent - $2,400/month

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

Sihanoukville

Sen Sok

This two-hectare land is perfect for anyone wanting to get in to an action in Cambodia’s biggest boomtown. Many tourists are visiting into the coastal city of Sihanoukvile. This land comes with a casino license.

2 shop houses on the corner in NEW WORLD development near AEON 2.

Vacant land For Sale - $19,260,000

Shophouse For Sale - $800,000 (negotiable)

Chbar Ampov

Toul Kork

Do you want a shop house that feels modern and luxurious? Are you looking for a new home for your growing family? This place has all the aspects of family need. The rooms are spacious and comfortable.

This building is situated a prime corner with AAA tenants. Great investment.

Shophouse For Sale - $290,000

Office Building For Sale - $8,000,000

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Boeung Kak

Phnom Penh Thmey

Toul Kork is one of the most affluent areas of Phnom Penh and this condo will make you feel like you’re on top of the city. The spectacular view and designed modern. This place will surely bring you many happiness.

A luxurious villa like this only comes around once in your lifetime.

Once you step your foot on the ground you will feel like you are on a vacation. There’s lush greenery everywhere and wood furnishings that give the distinct elegance.

Condo For Sale - $280,000

Villa For Sale - $800,000

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BKK 3

Sen Sok

This condo building has a high occupancy. It’s yeilding great income must-see property for investors.

This vacant of land is full of possibilities and can be the site for almost any project. Success is sure to come to whomever take advantage of this opportunity. Located near Aeon2 and Makro Shopping Center, this place has access to many new commercial activities.

Condo For Sale - $6,700,000

Land For Sale - $1,250 / m² Land size - 1,933 m²

Kampong Speu

Tonle Bassac

This 30-hectare plot sits right in the industrial heartland of Cambodia. It’s a perfect site for a new factory.

The condo offers a sweeping view of river. Tonle Bassac is one of the most bustling area of Phnom Penh. Value will be sure to rise steady.

Vacant land For Sale - $18/m2 Land size - 30 hectares

Condo For Sale - $166,887

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

Central Market

Central Market

This hotel is for rent in a prime location adjacent to the capital’s Central Market. Many Attractions nearby, restaurants, banks, shops and café all within walking distance. Occupancy rates are constantly at nearly 90%.

The tourist industry in Cambodia is exploding. This is your chance to make your success with a rental hotel building in the center of the city. For a low monthly rent fee, you can manage this property and start turning into a profitable operation almost immediately.

Hotel For Sale - $19,500/moth

Hotel For Rent - $18,000/month

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Sen Sok

Monivong Blvd.

This is one of a kind opportunity for any business owner. These are 4 connected shop houses combined as one building usage up for rent right next to AEON2 complex. Sen Sok district.

This building is located on prime corner location. Just right off Monivong Boulevard, there are many potential for businesses and offer a high demand. The property contains 20 rooms.

4 Shophouses For Rent - $10,000/month

4 Shophouses For Rent - $12,000/month

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Sen Sok

BKK 2

This shop houses is for rent. In a short walking distance from the Aeon2. Whether you want to live in a safe and secure area, or you are looking for a new business opportunity, this is the place for you.

Was it always your dream to start your own business? There’s no better time than now to start your plan and make your mark on the tourist industry. This 68-room hotel is located in the heart of Chamkamorn district. It’s right near all the major tourist areas.

Hotel For Rent - $30,000/month

Shophouse For Rent - $1,000/month

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Sen Sok

Kampong Speu

This shop house can become your gateway to your future success!

The property is located right next to AEON2. The ground floor shop will have steady flow of customers.

30 hectares vacant land in Kampongspeu Province for a long term lease. The property is fronting over 300m on 30m approved road.

Shophouse For Rent - $1,000/month

Vacant land For Rent - $0.066.67/m2 Land size - 30 hectares

Camko City

Central Market

Fully furnished top floor condo for rent in Camko City.

This beautiful property sits adjacent to Central Market and have 11 large size rooms. The options are unlimited. It could be used for business, for living or even for a hotel.

Condo For Rent - $2,000/month

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Villa For Rent - $4,000/month

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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

Russey Keo

Tuek Tla

This flathouse for sale in Russey Keo is a wonderful family home.

It’s got two bedrooms, three bathrooms and plenty of space for parking.

Here’s a residential plot in Sen Sok that’s available with a hard title.

It’s close to markets, schools and other amenities.

Flat For Sale - $68,000 For rent $200/month

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Land For Sale - $99,500

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Sen Sok

Tuek Tla

Get started in real estate the simple way: This building for sale in Sen Sok is open to all the possibilities. Make your future real!

Massive hotel for sale in Sen Sok. This place has 60 bedrooms that span four storey. Start your hospitality business now!

Flat For Sale - $950,000 For Rent - $1,500/month

Hotel For Sale - $2,250,000 For rent - $5,000/month Land size - 947 Sqm

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Sen Sok

Por Sen Chey

What a bargain! This flathouse in Sen Sok can be your home and place of business. Call now as this one will go fast.

This flat for sale in Por Sen Chey district is a perfect spot for a business owner. It’s hard titled so the whole place will be yours. It is spacious and you can customize it for whatever you plan to do. Make your dreams a reality!

Flat For Sale - $195,999

Flat For Sale - $800,000

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Stueng Mean chey

The sky’s the limit with this 12,000 sqm plot in Phnom Penh’s Por Sen Chey district. Become a property mogul!

Meanchey district is the home of this plot of commercial land. Almost 3,000 sqm available. An amazing deal!

Commercial Land For Sale - $7,150,000 Land size - 2,860 Sqm

Sen Sok

Svay Rolum, Kandal

Hard titled land in Sen Sok for sale. Lot is 135 sqm and house is 88 sqm. Right across from sport complex.

A quaint family home for sale in Kandal district. Four bedrooms, three bathrooms and massive parking area. Visit today!

Land For Sale - $108,000

Flat For Sale - $150,000 Land size - 345 sqm

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Por Sen Chey

Land For Sale - $1,603,550 ($130/sqm) Land size - 12,355sqm

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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

Tonle Bassac

Here we have a one-bedroom apartment for sale in BKK3.

The views are spectacular and furnishings are streamlined.

Rent this Tonle Bassac flat and live the high life! One bedroom, 13th floor views of the skyline.

Apartment For Sale - $155,617 ($2,551/sqm) Size - 61sqm

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Apartment For Rent - $750/month

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BKK 3

Tonle Bassac

This single-bedroom flat is for sale in a building full of amenities. It’s in BKK3 close to everything.

Here’s a one-bedroom flat for rent that will take your breath away!

Sleek and modern with luxury features included.

Apartment For Sale - $158,893 ($2,604/sqm) Size - 61sqm

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Apartment For Rent - $750/month

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BKK 3

BKK 1

A perfect place for the modern urbanite! Two-bedroom apartment for sale in BKK3. Tons of luxury features in the building.

Beautiful two-bedroom apartment for rent in BKK1. Your friends will be jealous when they see you live here!

Apartment For Sale - $164,000 ($2,411/sqm) Size - 68sqm

Apartment For Rent - $1,000/month

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BKK 3

Chroy Changvar

Get this two-bedroom apartment now for an amazing deal. Buy and you’ll own property in bustling BKK3!

Rent this one-bedroom apartment in Chroy Changvar and you’ll truly live in style. Amazing furnishings and design. Amenities near by.

Apartment For Sale- $185,957 ($2,735/sqm) Size - 68sqm

Apartment For Rent - $500/month

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BKK 3

Chroy Changvar

Comfort is key at this BKK3 twobedroom apartment for sale.

Fourth floor views are amazing!

Wow, that’s an awe-inspiring view. See what we mean at this gorgeous one-bedroom for rent in Chroy Changvar.

Apartment For Sale - $165,191 ($2,359/sqm) Size - 70sqm

Apartment For Rent - $500/month

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FEA TURED AGENT

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

KHMER - 023 214 322 ENG - 016 811 711 www.seaps.asia enquiry@seaps.asia St. 63, Corner 306, BKK1, (Across from Digbys’ restaurant)

BKK 3

River Side

This is a fantastic opportunity to purchase a very profitable business finished to the highest possible standard.On completion, all 55 rooms were rented within 6 weeks and has been at full occupancy since opening 2 years ago. The property boasts a fantastic rooftop pool with sky bar, gym and steam room.

Offering 2 apartments on the 1st & 4th floor.

Over looking the river front sisowath Quay.

Entrance from the side of 136 street priced correctly for long term Lease

Service Apartment For Sale - $7,000,000

Apartments For Rent - $550/month

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Daun Penh Wat Phnom

Phsarkandal Doun Penh

well know established business Located on Rue De France. The garden area is lush and beautifully maintained and there is great parking fecilitys around the building on its own grounds

Shenanigans 30 Rooms including Apartments this busy Guesthouse well located the whole thing including fixture fittings its a going concern, profitable business. offering the option of a 1 to 5 year, Renewable contract with options.

Business For Sale - $650,000

Phsar Chas Wat Phnom

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Business For Rent - $11,000/month

BKK1

Nana bar st.104.

Going concern including all fixtures & fittings. lease only 2 years but renewable, For any one intersted in buying a Bar this one is busy feel free to visit at any time.

Business For Sale - $35,000

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Chreav - Siem Reap

The property has been designed as a Cambodia style peaceful retreat in a lush garden around. Its comes with fully furnished and equipped with antique furniture, and other modern amenities as well as a restaurant over looking the swimming pool. It take 5 minutes to pub street and night market.

BOUTIQUE HOTEL For Freehold Sale - $300,000

Prasat Bakang - SR Small investments in Siem Reap Good size plots from 300 sqm 12m x 25m only 26 home sites offered for sale 10 min from siem reap tourism Centre.

Here your buying plots in good location.

Plots of Land For Sale - from $16,500

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Modern Office space available on the 1st floor st.63/306 above the Seaps office easy access offering short term rental arrangements Modern Office Space For Rent - $300-$600/month

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Siem Reap City

This beautiful hotel for rent is perfect option to own a business in Cambodia.

Surroundings have a restaurant, school, hospital, business and other fecilities. This property comes with fully furnished with a mix of modern western inspired designs.

Hotel For Rent - $6,500/month

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Kampot

Kampot Boat for rent moored on the busy riverfront, would make a great Bar / restaurants, needs decorating.

Excellent Location must be seen

Boat For Rent - $1,200/month

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

Sen Sok

The land is adjacent to Aeon 2, Borey Peng Huoth, Borey Chib Mong and tons of condos. It is ideally located on a main road which runs through Phnom Penh. This land is perfect for condominiums or a shopping centre.

Office space here is within arm’s reach of the city’s airport.

Transportation is a breeze.

Banks, shops, retail outlets and restaurants are all right here.

What’s more, management is great and there’s parking on site.

Corner Land For Sale - $1,000 per sqm Land Size: 1.7 hectare

Corner Office Space For Rent - $13 per sqm Size - 70 sqm - 2,000 sqm

Kampuchea Krom Blvd

Chroy Chongvar

Four link-house for sale with under market price with dimension 21m x 16m. You can enjoy the good taste of brand coffee and delicious food with few minutes drive to brand coffee shops, high class restaurants. Property good for office building or head office.

This beautiful iconic mixed-use building spans six floors. There are six bedrooms, a lift and tons of commercial space, too. It’s right in the busy area along National Road 6.

Shopfront For Sale - $1,800,000 Size - 339 sqm

Corner Building For Rent - $4,500/month

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Akreiy Ksatr

Duan Penh

This beautiful residence is situated along the Mekong and is built from tropical hardwood. It overlooks the cityscape, yet it’s a world away from downtown. The high ceiling, pool and garden all feel especially luxurious.

This luxury hotel in Daun Penh is now up for rent. The property is close to all the best capital outlets including Brown, Starbucks and tons of other restaurants and cafes. Standards here are high.

River front land For Sale - $1,000 per sqm size - 5,500 sqm in Title

City Hotel For Rent - $25,000/month

Chamkarmorn

Chamkarmorn

This ss one of the best investment opportunities currectly available in Phnom Penh’s Premier residential district which is BKK1 area. Located in a prime position close to array of retail, office space, hotel and residentail building. Dimension 36.43m x 33.9m.

This Villa comes with ample outside space for parking. it’s suitable both for group living or commercial use. Similar villas are regularly occupied by NGOs, embassies, and for a variety of other purposes. The location is desirable, being surrounded by affordable coffee shops,

Bkk1 Land For Sale - $6,800 per sqm size - 1,250 sqm

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Monivong Villa For Rent - $20,000/month

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Sen Sok

Duan Penh

This multi-purpose land along Russian Blvd is perfect for those looking to invest in a new development. There’s access to the main road and to the airport.

Offices, boreys and hotels would be ideal hear and bring high returns. Dimension 65m x 65m

This comfortable condo is in the heart of Phnom Penh’s residential area. Here you will see the skyline from the 13th floor. It’s just one kilometre from the Royal Palace and is a smart choice for any owner.

Commercial Land For Sale - $2,800 per sqm Size - 4,100 sqm

Luxury Apartment For Rent - $600/month

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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

www.luckypropertyservices.com

Kep (ID: 4252)

Kampot (ID: 4301)

Kep is bound to be the next area that explodes with activity. This is a six-hectare plot with views of the ocean and mountains.

There’s nothing like the mountain views in Kampot. This 18-hectare lot is hard titled and will surely pay returns in the future.

Land For Sale - $15,000,000 ($250/sqm) Land Size - 6ha

Land For Sale - $360,000 Land size - 6,500 sqm

Toul Kork (ID: 4261)

Chroy Chongva (ID: 4145)

This block in Toul Kork has seven units for sale. All are modern and luxurious. Fully furnished with all amenities.

Options are endless for this 7,200 sqm lot right on the river in Chroy Changvar. This can be the perfect place for your business.

Apartment For Sale - $980,000 For Rent - $5,000/month Size - 200sqm

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Land For Sale - $11,000,000 ($2/sqm) Land size - 18ha

Chamkarmon (ID: 3941)

Chamkamon (ID: 3241)

A huge flat is now for sale in vibrant Tonle Bassac. With a soft title you can own this onebedroom oasis in the middle of the capital.

You could turn this huge Chamkarmon house into a business or residence. There are four bedrooms and one bathroom. Hard titled and unfurnished.

Flat For Sale - $120,000

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House For Sale - $6,500,000 Size - 7,200 sqm

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Toul Kork (ID: 4189)

Toul kork (ID: 4127)

Here’s your chance to become a property investor. This 20-bedroom building is for sale near Phsar Depo 3. Hard titled in bustling area of the city.

This modern Toul Kork villa boasts a pool, three bedrooms and four bathrooms. It’s hard titled and is a safe family home.

Building For Sale - $1,300,000

Villa For Sale - $1,800,000 Size - 462 sqm

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Kampot (ID: 3882)

Daun Penh (ID: 4214)

Kampot is one of the top tourist locations in Cambodia. Get this 6,500 sqm plot with hard title right off the river and you won’t regret it.

Here’s a four-unit apartment building for sale in Daun Penh. Full furnishings are sleek and modern.

Get a hard title when you buy.

Land For Sale - $1,200,000

Apartment For Sale - $950,000

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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.

www.daily-realty.com ravydaily@gmail.com

Chbar Ampov

Phnom Penh Thmey

This villa sits on 3,500m2 land.

Located in Chbar Ampov, Phnom Penh, it has 4 bedrooms, 4 bathrooms, and parking. Close to transport, food, etc. Price is negotiable.

This land is located along the main street. Is good for all kinds of businesses, office building showroom, condo, apartment, and other properties.

Villa For Sale - $550,000 (negotiable)

Land For Sale - $1,150/m2

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Chbar Ampov

Phnom Penh Thmey

This stunning villa for sale is located in Chbar Ampov, Phnom Penh. it has 8 bedrooms and 10 bathrooms. It also comes with a hard title.

This 650m2 land is ideally located close to schools, supermarkets, and other businesses. Excellent site to build condo, apartment, and other real properties.

Villa For Sale - $1,600,000

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Land For Sale - $650/m2

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AGENT DIRECTORY KNIGHT FRANK

+855 92 92 1000

CPL

+855 (0)23 966 878

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www.knightfrank.com.kh

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enquiry@kh.knightfrank.com

info@cplagent.com

CBRE CAMBODIA

KEY REAL ESTATE

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www.cbre.com.kh

www.keyrealestate.com.kh

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SOUTH EAST ASIA PROPERTY SERVICES

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HUNTER ESTATE

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+855 (0)16 988 983

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ELEVATED REAL ESTATE +855 (0)23 220 609

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info@amory.com.kh

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995 HOME INTERNATIONAL HOME PROPERTY MANAGEMENT CO, LTD. +855 (0)11 582 688 www.995home.com info@995home.com

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CAMBODIA REAL ESTATE 2018

KHMER AMRIT +855 (0)23 231 876 www.amritrealestate.com admin@amritrealestate.com

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KON KHMER PROPERTY SERVICE

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+855 (0)12 522 713

pechhaiang@gmail.com

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DAILY REALTY GROUP

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+855 (0)61 400 600

www.daily-realty.com

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ravydaily@gmail.com

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www.c21golden.com.kh

www.angkorrealestate.com

h.vathana@21golden.com.kh

info@angkorrealestate.com

ALEXIAN PROPERTY

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+855 (0)69 675 616

+855 (0)95 464 676

ching730227@gmail.com

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ETERNITY REALESTATE +855 (0)23 235 335

SIEM REAP PROPERTY SERVICE ( SRPS) +855 (0)92 669 645

www.eternityreal.com

www.srpscambodia.com

info@eternityreal.com

info@srpscambodia.com

TRILLAND REALTY

PROPERTY FINDER CAMBODIA ( PFC)

+855 (0)23 988 178

+855 (0)77 578 910

www.trillandrealty.com

www.propertyfindercambodia.com

tthon@trillandrealty.com

calum@propertyfindercambodia.com

KAT APPRISAL +855 (0)78 888 191

THE RICH CAM GLOBE REALTOR +855 (0)17 822 159

www.katapprisal.com

www.camgloberealltor.com

info@katapprisal.com

vanna@camgloberealltor.com

SIHANOUKVILLE PROPERTY

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+855 (0)70 286 888

+855 (0)86 495 188

www.sihanoukvilleproperty.com

sakipyasmine@gmail.com

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NEED AN AGENT BUT NOT SURE WHICH COMPANY IS RIGHT FOR YOU AND YOUR NEEDS?

Contact Realestate.com.kh today and we will refer you to a suitable agency.

2 0 1 8 Cinfo@realestate.com.kh A M B O D I A R E A L E S T A T E 77 092 92 1000

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