Cambodia’s property market has progressed far and quickly over the past decade, appearing unstoppable to many onlookers. But as the COVID-19 pandemic spread, the country’s property market slowed due to restrictions on international travel and disruptions on global supply chains. Leading many to wonder: “What is Cambodia’s real estate market like during COVID-19?”Realestate.com.kh, the largest real estate classifieds portal in Cambodia, endeavours to give the larger industry a glimpse of the state of the market and the sentiments of buyers and sellers within the contemporary context.It is a well-known fact much of the new developments, prior to COVID-19, were geared towards foreign investors and local middle-upper classes. But as the global pandemic struck, this market largely fell off. Today, stakeholders in Cambodia’s property market have shifted their focus towards the wider local Cambodian market, requiring both developers and agencies to quickly shift their strategies and offerings to a market with a different set of priorities and budgets.The Real Estate Survey 2021 will additionally give readers a glimpse of how the property market performed over the past year. Much of the property market was able to weather the economic headwind caused by the global pandemic and the Real Estate Survey 2021 offers readers key points that played a vital role in keeping the market afloat during the global pandemic.Much of what has transpired in the Kingdom’s property market revolves around the outbreak of COVID-19. As such, the Real Estate Survey 2021 discusses the market’s response to the outbreak, the state of the sales and rental market over the past year, commercial property demand, buyer perceptions of the different properties available in Cambodia, and projections of the sector’s short-to-medium future.The Real Estate Survey 2021 is part of Realestate.com.kh’s long-term goal of contributing to the growth of the Kingdom’s economy and gradually improving the standard of living for the Khmer people. The Real Estate Survey 2021 will be published digitally and will be made available for FREE.The Real Estate Survey 2021 is available forCLICK HERE TO DOWNLOAD FREE

ARE YOU READY? The Online Flash Sale is fast approaching which means you can purchase your dream home or next investment at a much better deal!How to get your discount:Register for the Online Flash Sale now!Visit the event website on June 3 to 6Select the discounted propertySecure your discount with a refundable $200 reservation feeThe fully refundable $200 reservation fee is also deductible from the final sale price.Don't miss this chance to get a discount on your dream home next week - only during the Online Flash Sale!Participating developments in the Online Flash SaleStardream Lake Tourism TownDiscount: To be revealed on June 3 to 6Location: Botum Sakor, Koh KongDeveloper: Coastal City Development Group Co. Ltd.,The development of Stardream Lake Tourism Town covers an area of 248 hectares of land which is planned to include an ecological park and two lakes in the future. The project will be built after the completion of its green spaces, natural ecology, and pristine beaches to lay the foundations of an entrepreneurial community and leisure tourism.Angkor Grace Residence & Wellness ResortDiscount: To be revealed on June 3 to 6Location: Svay Dankum, Siem ReapDeveloper: Angkor Hearta Development., Co Ltd,Despite only being a few minutes away from the busy center of Siem Reap, Angkor Grace Residence & Wellness Resort still affords residents the luxury of verdant landscapes rarely found in modern large-scale properties. The entire project measures 22,670 sqm largely composed of pristine greenery, the influence of which is seen in the residential units.Vue AstonDiscount: To be revealed on June 3 to 6Location: Nirouth, Chbar AmpovDeveloper: The Peninsula Capital Co., LtdVue Aston is a newly launched condominium development in 2020. The development is located along the riverside in Norea Island which is a new residential development area. The development of a new bridge is scheduled to take place in the area and will serve as new access to Downtown Phnom Penh. This accessibility of this development is expected to attract greater traffic flow and land-rise which will drive the area to be the next potential development zone.Le Condé BKK1Discount: To be revealed on June 3 to 6Location: St. 352, BKK 1Developer: Wang Fu Guo Ji Property Development Co., LtdThe development is located in a prime location which provides significant advantages as a residential, commercial, and business hub with multinational enterprises, schools, international organizations, and luxurious restaurants. And with the inspiration of the scenic rural fields of Southeast Asia and the greatest Cambodian architectural pioneer, Van Molyvann, LE CONDÉ BKK1 is designed to be the mild luxury and life of wisdom and a balance between pursuit and humility.The Peninsula Private ResidencesDiscount: To be revealed on June 3 to 6Location: Chroy ChangvarDeveloper: CC Peninsula Co., Ltd.The Peninsula Private Residences is the finest residential development and home investment asset in Cambodia. The new development offers high investment opportunities, privacy, security, comfort, and a luxury lifestyle. This 25-storey condominium is situated in Chroy Changva District, a new residential development zone to the East of downtown Phnom Penh crossing the Mekong River.Ratana Plaza Top ApartmentDiscount: To be revealed on June 3 to 6Location: Tuek Thla, Sen SokDeveloper: Real Livest Ones (Cambodia) Co., LtdRatana Plaza Top Apartment is located in Ratana Plaza, a popular place where gather in Phnom Penh, close to the main road, North Bridge Road (Phnom Penh Second Ring Road). The project was developed as a high-quality small residence with offerings of unit spaces ranging from 26-45 square meters. The Ratana Plaza is a hot-rental property in Cambodia, suitable for low threshold investment, and is the best choice for any local and international investment.Morgan Park VillaDiscount: To be revealed on June 3 to 6Location: Bak Kaeng, Chroy ChangvarDeveloper: Morgan Jovan (Cambodia) Real Estate Development Co., Ltd.Morgan Park Villa is the first high-end villa community with separated footways and motorways in Phnom Penh. It adheres to the internationally recognized LOHAS green and eco-friendly living philosophy and features an incomparably rare eco-friendly garden-style environment with non-replicable investment potential. Its supreme living quality can meet the needs of elites and international investors in Phnom Penh. MORGAN PARK VILLA the new benchmark and game-changer of living in Phnom Penh!Morgan EnMaisonDiscount: To be revealed on June 3 to 6Location: Tonle Mekong, Chroy ChangvarDeveloper: Cam-Jiachuang Real Estate Co., Ltd.Morgan EnMaison, located along the Mekong River Road in Phnom Penh’s Chroy Changvar district, is set to be a riverfront landmark by the Morganford Investment (Cambodia) Co., Ltd. there will even be a private helipad on the 220-metre high rooftop. What’s more, the multi-level luxury sky club will give a unique appeal to the skyline. The development also boasts a private yacht marina.City GemDiscount: To be revealed on June 3 to 6Location: Phnom Penh Thmey, Sen SokDeveloper: Thumbs Up International Co., LtdCITY GEM is an affordable housing development project that targets local buyers. This condominium is designed and built to meet international standards and suit residents who seek a moderate living lifestyle. This is a project which is developed by Thumbs Up International Co., Ltd and Outstanding International Co., Ltd. CITY GEM Condominium is located in the Sen Sok district, Phnom Penh which is a new real estate development location comprised of residential and commercial development.R&F CityDiscount: To be revealed on June 3 to 6Location: Hun Sen Boulevard, MeancheyDeveloper: R&F GroupR&F CITY is located on the ‘Golden Central Axis’ of the city - Hun Sen Blvd in Phnom Penh. It is only 10 kilometres away from the airport. It is bordered by the embassy zone to the north and the developing ING City in the south. The project is adjacent to the Monivong Blvd, one of the few historic and bustling main roads in Phnom Penh, which brings together many specialties of the Kingdom, and it is in a lively neighbourhood surrounded by quite a few international businesses, such as a classy football club, duty-free shops, 4S automobile shops, and others. Within a 10-minute drive, you can reach the PH Mall, and Aeon 3 will offer you the latest in fashion and leisure.R&F City MIRODiscount: To be revealed on June 3 to 6Location: Hun Sen Boulevard, MeancheyDeveloper: R&F GroupR&F City MIRO is a newly launched residential development in Mean Chey District, a secondary location to the south of central Phnom Penh. The vicinity area is being developed to be a new educational, high-rise residential, and commercial zone with a new number of flagship high-rise buildings and infrastructure developments including the Samdech Hun Sen Boulevard. Preah Monivong Boulevard, one of the main commercial and embassy thoroughfare running north-south of the city is located close to the development.Borey Icon KampotDiscount: To be revealed on June 3 to 6Location: Tuek Chhou, KampotDeveloper: HL Nakara Development Co., LtdBorey ICON Kampot is a new residential project opening in the serene province of Kampot. Developed by HL Nakara Development Co., Ltd., Borey ICON Kampot endeavours to be the first residential project with a tourist-focused commercial center in the city. Both its residential and commercial components are topped with a 23.9m high Buddha monument, making it the premier contender for Kampot’s most iconic developments in the next few years.Borey NADIDiscount: To be revealed on June 3 to 6Location: Preaek Lieb, Chroy ChangvarDeveloper: GC City CambodiaBorey NADI is a new luxury community development marrying luxury modern living with natural beauty set in the up-and-coming district of Chroy Changvar. This 34-hectare residential development features a wide range of premium homes built with a unique aesthetic set within a tranquil verdant landscape surrounded by untouched greeneries complemented by amenities not found anywhere else in Phnom Penh!WorldBridge Sport VillageDiscount: To be revealed on June 3 to 6Location: Bak Kaeng, Chroy ChangvarDeveloper: WB Sport Village Co., LtdWorldBridge Sport Village is a mixed-use development in the fast-growing area of Chroy Changvar, just 20 minutes away from the Central Business District of Phnom Penh. It will be the first-ever sports village that offers you a one-of-a-kind opportunity to experience both work and play in a distinctively healthy atmosphere of an international-level sports village.Golden Tower 322Discount: To be revealed on June 3 to 6Location: St. 322, BKK 1Developer: Chhun Sambath Development Co., Ltd.Golden Tower 322 is an innovative commercial and residential complex that is located in the prime location of BKK1, the heart of Phnom Penh city. Golden Tower 322 is situated at the leading location of BKK1, where it is as prime as TST and is in connection to Monivong Boulevard, similar to Nathan Road of Hong Kong. Golden Tower 322 is a 42-storey building with extraordinary status, giving it a long-lasting value.All discounts for these exciting new developments will be revealed starting June 3 to 6. Register now!

Phnom Penh, 25th May 2021: Golden Cambodia Century (hereafter called “GC Realty”) today announces the official launch of their new office building in the most valuable district in town on 25th May 2021. GC Realty office is a 4-storey office building which is over 1000 square meters wide that can accommodate thousands of people as a large intermediary office.Founded in 2020, GC Realty is a subsidiary company of Golden Cambodia Century (GCC) and currently one of the largest agency companies in Cambodia. At present, GC Realty already has hundreds of elite teams with real estate expertise and relevant experience in the real estate field. This new and spacious office building offers a variety of potential solutions for all the sales agents who want to come to join the team and become a reliable partner of GC Realty. Besides offering the highest commission rate, all sales agents are offered sales and marketing skill training sessions regularly, at least once a month in order to develop their interpersonal relations, profession, and leadership skill.Mr. Kang Nin, Director, and Partner of GC Realty emphasized that GC Realty always commits to provide buyers with real-time quality projects and services. GC Realty aims to help provide the best property consultancy for customers by recommending only good projects with high rental yields and room for appreciation. GC Realty is willing to take extra miles into survey and study before recommending any suitable project to the clients. This is one of the reasons why GC Realty is being so selective toward cooperating projects.“With hundreds of sales agents, we are currently closing deals for 12 most trusted and popular developers in Cambodia. While there are so many real estate development projects in Cambodia, we choose to corporate with only these 12 real estate projects because we attentively look at every corner of the projects including the project background, price, location, and return on investment. One of the projects that we are selling is the GC Orussey Market project, which is a brand-new wholesale and retail market of Phnom Penh located along the Russian Boulevard. This will be our first non-residential project and we are always ready to extend our team to become an all-around real estate agent of Cambodia. Our mission is to continuously search for and discover reliable projects for investors, and often discuss complete solutions for real estate with developers and provide excellent personalized services for all real estate needs.” Said Mr. Kang Nin.“We are very selective toward what projects and which developers we want to corporate with. We want to make the entire market more professional and expand our position as a trusted real estate brokerage company, this is also beneficial to our customers and our members. GC Realty sells not only good products and projects, but we also promise investors' after-sales service to do our best to be as perfect as possible. This is the spirit of GC Realty.” he stressed.GC Realty new office building located at building S2-49 of Olympia city along the Charles De Gaulle Boulevard of the prestigious district 7 Makara in the heart of Phnom Penh. GC Realty is ready to become an accessible place for all freelance agents with a full-function working space and productive environment.For more information on GC Realty please visit their Facebook page:- GC Realty: https://www.facebook.com/GCR.CAMBODIA - Phone/ Telegram: 016 362 263

Le Condé BKK1 pleasantly would like to introduce a new product “BKK AVENUE” that potentially will elevate your lifestyle to an unprecedented living experience. It is going to be the first freehold retail space in BKK1- the jewel location of the capital.The Grand Opening of BKK AVENUE is going to be held on 29th May 2021 from 2 pm, at Le Condé BKK1 Sales Gallery.Sitting adjacent to Phnom Penh’s metropolitan district, Le Condé BKK1 brings BKK AVENUE to the market that is aimed to be the new extravagant icon in the central of BKK1 district for integrated retail space for F&B, fashion stops lifestyle products and other most recognizable brands.BKK1 district is generally well-known as the most prime destination in Phnom Penh, consisting of NGOs, high-rise commercial building, ministries, embassies and international schools. Moreover, BKK1 is a hotspot for many world-class brands, popular retail stores, restaurants, internationally franchised F&B brands, banks and other iconic places.Standing on the ground floor of a luxury condominium, BKK AVENUE has only 16 retail spaces available, range from 51sqm to 100sqm with 5-meter ceiling height, which is very spacious that open more freedom to decorate and enlarge your space.BKK AVENUE master plan is strategically designed for high-end retail that offers an extravagant atmosphere for the leisure shopping experience of the public and especially for Le Condé BK1 residents.  Likewise, the masterplan is a flexible combined space, that offers you extra possibilities to design your space as you wish. With estimated 3,000 residents living above the ceiling of BKK AVENUE walking past your shops every day, this is an extra added value to your business that you do not have to concern about the source of customers, but a large amount of potential and high-profile targeted customers staying there with a strong tendency in purchasing products.

The construction of the $300 million third ring road was 50 percent complete as of early May and is scheduled to be finished next year, according to the Ministry of Public Works and Transport’s spokesman Heang Sotheayuth. The 52-kilometre road stretches from National Road 4 from Por Sen Chey district in the west of Phnom Penh and crosses National Roads 3 and 2 to National Road 1, in the east of the capital, connecting to the Phnom Penh autonomous port.The construction of the road is expected to finish by September next year, Sotheayuth said.The road has 47 km of cement pavement and a 5-km stretch with asphalt paving. If there are no disruptions, the construction of the road will be ready as planned, Sotheayuth said. “The construction process continues despite the threat of COVID-19 disease.Both construction companies and technical consulting firms adhere to the Ministry of Health’s guidelines for combating COVID-19 disease,” he said.The road will contribute economically to the transportation and logistics sector, joining National Roads Number 6, 5, 4, 3, 2, and 1, to create a huge connection of roads.It will connect ASEAN highways and major economic corridors of the Greater Mekong sub-region, contributing to the facilitation of cross-border transport and promoting international trade and logistics.It will turn the land on either side of the ring road into potential housing, logistics, and industrial development areas.Link to the original article by Chea Vanyuth from Khmer Times:https://www.khmertimeskh.com/50857557/third-ring-road-50-percent-complete/

We’ve all heard about it and we’re all waiting for it: The Online Flash Sale recently unveiled the first few developers offering discounts to buyers like you!The question now is, how do you join and get the discounts during the event itself on June 3 to 6?How to register for the Online Flash SaleSTEP 1: Visit the registration page of the Online Flash Sale. It should appear something like this:  STEP 2: Fill out the necessary fields marked with an asterisk*STEP 3: Once you entered your phone number, click on “Send me SMS code”STEP 4: Enter the SMS CodeNOTE: If you are unable to receive an SMS code, kindly contact our live chat and our staff will gladly assist you in registering.  STEP 5: Set your budget and click on the boxes that apply to youSTEP 6: Click Register!What happens after I register?You can stay tuned for the weekly updates on properties onboard the Online Flash Sale. The event site is being updated regularly since the launch last May 6 and you can learn more about the new developments and resale properties soon to be revealed from June 3 to 6.How to get a discount during the Online Flash Sale:Securing a discount is easy! Simply visit either the “Projects” or “Resale Properties” Tab to view New Developments and Resale Properties offering you a discount!  From here, you can browse properties offering exclusive discounts! Click on the property you’ve selected and if it’s to your liking, be sure to click the “I’m Interested” button found on the right-hand side of the screen.  You have to be quick! There are only a limited number of discounts available from each developer, so be sure to click on that button and make your reservation with a fully refundable $200 reservation fee.* (Visa, Mastercard, ABA Pay, and Union Pay accepted)*Terms and conditions apply for the refundable $200 reservation fee. Two main things you have to remember: The fee can be refunded within 14 calendar days. It’s also worth noting that the reservation fee is deductible from the final price of your new property once you formally buy it!Got any more questions about the Online Flash Sale? You can visit the Online Flash Sale FAQ here.Or are you, like most people, excited to get a big discount on your new home? Register now!

The Legacy Villa is Borey Williams' best-selling floorplan out of all our home styles. Each Legacy Villa comes standard with a huge grassed-in plot of land measuring 300 square meters (15x20m). The home size measures 10m x 10.5m and is 2 floors. This large single-family villa has four bedrooms, five bathrooms, a living room, kitchen, and extra laundry room. The exterior design of the home incorporates an ultra-modern styling, with natural dry-stone wall cladding, natural wood paneling, and a two-tone modern paint scheme that is tastefully pleasing to the eye.As soon as you walk into the Legacy Villa you see a white granite spiral staircase next to a 6-meter-tall picture window, and a crystal chandelier making the interior sparkle. The Legacy’s interior is an American-style open floor plan with floor-to-ceiling windows, matte finish tiles, a kitchen island, and lots of cabinetry for storage. The kitchen connects to your living room which is great for entertaining guests and enjoying family time.This floor plan has many special features including natural custom-made wood doors, granite countertops in the kitchen and bathrooms, a large 14 square meter balcony connected to the master bedroom, and also double sinks in the oversized master bathroom. This home is customizable as many customers expand the floorplan further to add extra rooms such as an extra bedroom, a home office, walk-in closets, or a game room for kids.The Legacy Villa starts at only $155,500 per home and a low monthly installment of $718/month.

The influx of foreign investment and increasing activity from local companies in Cambodia have transformed its real estate sector into a source of many opportunities. Many foreign investors have taken advantage of continuous development and rising quality of life to purchase property for investment endeavours over the country’s recent decade of fast development. But as COVID-19 made international travel more restrictive, the Kingdom’s real estate market saw its focus shift to the local market.This shift to the local market has been taking off and Ms. Mom Sothavatey, GM & Leads Manager of Realestate.com.kh accepted the invitation to shed light on what Cambodian buyers have been looking for. In her time at Realestate.com.kh she has worked in Digital Sales, Developer Relationship Management, and Marketing before becoming the GM with a major focus on overseeing leads generated for clients and ensuring property seekers are serviced to a high level.“For many Cambodians, buying a house remains a big decision as it involves a lot of things to consider,” said Mom Sothavatey. Vatey, for short, recently purchased a home herself and noted some of the key factors that influenced her decision and the considerations of the many buyers she has come across.“Affordability remains a top concern for many Cambodians,” noted Vatey as a big factor for many local buyers. The real estate market’s growth brought with it development in the affordable spectrum, which has seen increased interest over the past few years and further accelerated by the fact that locals have become the more reachable market during COVID-19.Affordability and location remain the top priorities for many Cambodian property buyers. Photo taken during Realestate.com.kh's Home & Lifestyle Expo 2019.Being a recent homeowner herself, Vatey shared that she looked around the $30,000 to $40,000 price range for properties - also the range where most affordable properties are found. “Most young professional Cambodians, such as myself, are seeing the value of investing in our future. One avenue we can do that is by owning or investing in real estate” Vatey continued that being serious about buying property has taught her (and many other young Cambodians) to limit her expenses so she has more to invest in her future.“Location comes a close second for Cambodians,” she said, “The amenities and the growth potential of an area are key considerations for many buyers.” She mentioned that large developments such as shopping malls and infrastructure projects like national roads increase the value of projects in the eyes of local buyers.Chroy Changvar, for example, was on the fringes of Phnom Penh’s early development years. But as more developments came to the area like commercial areas and residential projects, more buyers have expressed interest and have now become one of the most eyed areas in Phnom Penh.Meanchey district is somewhat similar to Chroy Changvar. The southern district was largely occupied by shophouses and factories just a few years ago, but major developments such as the Hun Sen Boulevard and the announcement of the AEON Mall 3 construction have increased the value of properties surrounding these projects significantly.“The ability to get a loan has become more important over the past few years,” said Vatey. “Properties are major investments, especially for young Cambodians, and getting a loan is almost always a given for most local buyers”. Vatey noted that shopping for a loan plan also became a concern to her own property search. “I personally had to consult friends and family working in the financial sector so I know what I should look for in a loan.”Phillip Bank's Head Office in Monivong Boulevard, Phnom Penh. Photo by Phillip Bank.Banks in Cambodia have been proactive in marketing their loan programs to Cambodian property buyers; Phillip Bank and BRED Bank, in particular, have created friendly systems to make it easier for many loan seekers to get a loan - an effort that has contributed to keeping the real estate market active during the height of COVID-19.Realestate.com.kh, Cambodia’s leading real estate classifieds portal, launched Homeloan.com.kh as a one-stop-shop for home/investment seekers in Cambodia to easily shop for loans available. The popular website has also integrated a loan calculator in over 20,000 of its growing list of properties all over Cambodia for property buyers to easily calculate loans as they browse listings.The availability of many property types has been a result of the Kingdom’s fast-paced growth. Residential properties, in particular, are varied but can be simplified into 2 categories: Landed properties and condominiums/apartments. According to Vatey, landed properties such as those found in boreys (gated communities in Cambodia) remain a popular choice among local buyers.Borey Williams in Por Sen Chey, Phnom Penh is one of the projects seeing much attention in the district. Supplied. “There are many reasons why Cambodians gravitate towards landed properties,” said Vatey “In my case, I want to house my family in a space that can accommodate them in the long-term”. While city living has taken root in Cambodian culture, suburban living has similarly become a growing trend with locals spurred on by a city centre slowed down by rush hour traffic and increasing availability of more affordable housing on the city outskirts.Vatey observed that local buyers are keen on purchasing property close to big developments such as roads and commercial areas, saying “Many local investors have their ear close to the ground and as soon a big developer buys land somewhere, they will be quick to secure land near these sites”.Overall, Cambodian buyers are looking for good deals on the market. Local buyers understand that COVID-19 has resulted in some developments lowering their prices to meet demand. Vatey says that rooms for negotiations and availability of discounts make a property more appealing and that a property appearing to be for sale under market value will be quick on the sights of Cambodian buyers.Realestate.com.kh’s Online Flash Sale is an event that will be showcasing a wide collection of under-market properties from Cambodia’s most reputable developers and real estate agents. New developments such as the Stardream Lake Tourism Town in Koh Kong, Angkor Grace Residence & Wellness Resort in Siem Reap, and Vue Aston in Phnom Penh will be available at discounted prices.Resale properties from resellers all over Phnom Penh and the rest of the country will also be available at a discounted price. Register today and reserve your discount starting June 3 to 6!Article by:

The 2021 Realestate.com.kh Flash Sale is now live! Property seekers that are looking for the best deals in the market can now start browsing properties on the Flash Sale website, before the discounts are revealed on the 3rd of June for 4 days only. This year developers will only be offering special discounts on a selected number of units, so whilst the discounts will not be revealed until the 3rd of June, all interested buyers are highly encouraged to “register their interest” in particular developments and properties in the lead up to June 3. Once buyers register their interest, they will then be able to connect to the developer or agents straight away so buyers can obtain all the information they require before making a buying decision between the 3rd - 6th of June. Buyers are also encouraged to look at the resale properties section, where we have brought together some of the best under market value properties in Cambodia. Again, make sure you register your interest, as these properties are a once off!Throughout the month of May Realestate.com.kh will continue to add new projects and under market value properties in the lead up to the 3rd of June.The Online Flash Sale is part of Realestate.com.kh’s endeavours to connect buyers, agents, resellers and developers despite current movement restrictions. Economic slowdowns have historically been times where savvy property investors have secured properties at lower prices, and the Online Flash Sale will do exactly that for both local international buyers!How do I participate?STEP 1: Visit onlineflashsale.realestate.com.khSTEP 2: Register to receive weekly updates on new properties that are added to the event STEP 3: Browse properties and register your interest to be connected to developers directly STEP 3: Book your units - June 3 to 6!To kick the event off in style, we are launching some of the hottest projects right across the country! Stardream Lake Tourism TownDiscount: To be revealed on June 3 to 6Location: Koh KongDeveloper: Coastal City Development Group Co. Ltd.,The development of Stardream Lake Tourism Town covers an area of 248 hectares of land which is planned to include an ecological park and two lakes in the future. The project will be built after the completion of its green spaces, natural ecology, and pristine beaches to lay the foundations of an entrepreneurial community and leisure tourismClick here to see more detailsAngkor Grace Residence & Wellness ResortDiscount: To be revealed on June 3 to 6Location: Siem ReapDeveloper: Angkor Hearta Development., Co Ltd,Despite only being a few minutes away from the busy center of Siem Reap, Angkor Grace Hotel & Residence still affords residents the luxury of verdant landscapes rarely found in modern large-scale properties. The entire project measures 22,670 sqm largely composed of pristine greenery, the influence of which manifested in the residential units made with concrete and solid wood panels that pay homage to Cambodia’s rich architectural heritage.Click here to see more detailsVue AstonDiscount: To be revealed on June 3 to 6Location: Chbar AmpovDeveloper: The Peninsula Capital Co., LtdVue Aston is a newly launched condominium development in 2020. The development is located along the riverside in Norea Island which is a new residential development area. The development of a new bridge is scheduled to take place in the area and will serve as new access to Downtown Phnom Penh. This accessibility development is expected to attract greater traffic flow and land-rise which will drive the area to be the next potential development zone.Click here to see more detailsOther top properties offering great deals exclusive to this event:R&F CityWorldBridge Sports VillageCity GemThe Peninsula Private ResidencesLe Conde BKK1Ratana Plaza Top ApartmentGolden Tower 322Borey Icon KampotBorey Nadi by GC CityMake sure you also check out the best resale properties at the event as well! Register now!

Phnom Penh’s landscape: Photo credit to Mr.Chhoy ThearaWith the main theme of “Co-Creating Common Values of Sustainable Real Estate” in Cambodia, “Rainmaking Cambodia” has been selected to be one of the “Rainmaking Series” in 10 countries across Asia, Africa and North America, to be hosted by Good City Foundation with local strategic partners, virtually on 25th May 2021, supported by InvestHK and StartmeupHK. Rainmaking Cambodia is calling for urban tech projects submission and inviting interested real estate professionals, young leaders in housing public policy, and corporates to register and co-create the new pages of resilient values for future cities in Cambodia.Rainmaking Series’ page: https://www.goodcityfoundation.org/programs/rainmaking-seriesDelegate Registration Link: https://www.goodcityfoundation.org/programs/register-as-delegate“Rainmaking Cambodia” would be conducted in the form of Keynote Speaking; Panel Discussion and Tech For Good Cities Roadshow (to meet with angel investors). Representatives of the World Economic Forum, Cambodia Real Estate Association, Knight Frank, and other key influential stakeholders would sit in the panel discussion and explore the challenges and prospect of real estate development in Cambodia and the role where technology, public policy, Hong Kong, and Greater Bay can play and support.Tech For Good Cities Roadshow would be hosted with corresponding local top partners with a prime mission to identify impactful urban technologies and support their soft landing in Hong Kong and Greater Bay Area with potential investment matchmaking, market expansion advisory, and corporate partnership in Hong Kong and Mainland China to boost strategic business values.Global supporting partners include investment promotion agency of Hong Kong Government, InvestHK, World Bank IFC, Global Changemakers, Ventures Platform Hub and Hong Kong Scheme of Excellence Scholarship Scholar Association (HKSESSA). Local Supporting organizations include Knight Frank Cambodia, Realestate.com.kh, Property Area Asia, Cambodia Real Estate Association, and Digital Commerce Association of Cambodia.Good City Foundation is a non-profit non-governmental development organization founded in 2016 by a group of Hong Kong scholars and entrepreneurs, with a vision of better urban resilience in the next 100 cities in emerging Asia and Africa. The Foundation missions to foster innovative public and private partnership among the young generations in emerging cities, and have attracted a wide spectrum of innovative startups, family offices, young policymakers, and corporates to explore the latest development of urban design, economics, technology, and innovation and explore partnership. The foundation is an Institutional Partner of G20 Global Smart Cities Alliance and Private Sector Committee of ASEAN Smart City Network on behalf of Thailand, and also serving as Non-Profit Committee in the IoT and Urban Transformation Platform (Asia Action Group) and the Future Real Estate Taskforce of the World Economic Forum (China and ASEAN).Ms. Chan Pichmonyka, City Partner of Good City Foundation, has been inspired by the Foundation to be Cambodian Young Leader and continue enhancing her capability. After the summit, she deepens her leadership role in Cambodia and Asia, and speaks up for the issue, as the selected young delegate to the Model UN conference at the United Nations in Geneva and New York respectively. Currently, throughout her experience as the city partner and investment analyst (Capital Markets) at Knight Frank, a global real estate consultancy firm based in Cambodia, she hopes to leverage the Cambodia real estate market for growth acceleration.“In the year of this “Rainmaking Cambodia” I would like to humbly invite you to be part of our curation of the event and speak for the potential development, future city and entrepreneurship in the context of emerging Cambodia. As the expected overall outcome, the ultimate goal of the event is to connect all the aligning interests as a powerful network and resources for future discussion and impactful collaboration within the real estate and entrepreneurship ecosystem in Cambodia and across the region within ASEAN, Hong Kong and the Greater Bay Area. The sustainable real estate, is not just a matter of time, but together, we could break through the miracles, challenge the old dots, and create impacts”.Interested delegates and parties for the partnership could contact local city partner of Good City Foundation,Ms.Chan Pichmonyka (monyka@futurecitysummit.org)Rainmaking Series’ page: https://www.goodcityfoundation.org/programs/rainmaking-seriesDelegate Registration Link: https://www.goodcityfoundation.org/programs/register-as-delegate

Much of the Cambodian economy remains at a standstill as stricter quarantine measures are warranted to curb its spread. The Cambodian government has extended the lockdown of the capital city for another week and new zoning restrictions were implemented to halt its spread to other parts of the city. While these new measures appear to be means of allowing lower-risk areas to continue economic activity, it does beg the question: What about the rest of the Cambodian economy?Group CEO of Cambodia Investment Management Holdings, Anthony Galliano, joined Realestate.com.kh CEO Tom O’Sullivan in a discussion of the impact of lockdown measures on the Cambodian economy, specifically looking at its tourism, garment & textiles, agriculture, and construction & real estate sectors.The tourism sector has been the hardest hit since the global outbreak of COVID-19. The Ministry of Tourism’s report indicated that tourist numbers dropped by 80% in 2020, with only half of the first quarter of that year seeing arrivals comparable to previous years.“Tourism and hospitality are not in the best position at the moment,” said Anthony. “There was hope at the tail-end of 2020 but that the February 20 incident upset that”. Travel restrictions, from both ends of the flight, prevent most would-be tourists from coming to Cambodia. Anthony added that travel restrictions have stymied the growing tourism industry and the hospitality sector as a result.Tourist numbers have steeply declined over 2020 with continuing travel restrictions. Photo by the Khmer Times.Anthony noted that some form of international travel is returning like in China, Europe, and the United States but travel between South East Asian countries remains largely limited. “The gross revenue from tourism has been reduced to just over a billion dollars in 2020, a steep decline from the 4.9 billion we saw prior to COVID-19,” Anthony observed. He added that what activity tourism and hospitality saw in 2020 was frontloaded in Q1 before global tourism was put to a halt and that 2021 may be a more challenging year.The garment and textiles sector, which contributes 16% of GDP has done relatively well throughout the past year COVID-19 has been present in Cambodia largely due to healthy exports overseas, particularly those heading for the United States. The recent findings of positive cases in garment factories around Phnom Penh, however, have resulted in factories suspending operations and the sector is now facing problems of its own.The government recently announced that garment workers in factories under lockdown will receive a 50% salary in April. Anthony mentioned that this may affect the supply chain and put manufacturers in a position of struggling to meet orders. “This puts the sectors at risk of some orders being diverted to other production facilities like in Vietnam, Bangladesh, and Indonesia'' he said.Farmers find it difficult to transport goods during the lockdown. Photo from the Khmer Times.The agricultural sector is another big contributor to Cambodia’s economy employing a third of the workforce. Cambodia’s primary exports of rice, fruits, and vegetables have been integral in its export portfolio. However, Anthony observes a trend towards “self-consumption” instead of production on a large scale.“It’s an unfortunate trend as there’s a lot of small-scale farming. The country’s agricultural sector has held much promise in large-scale production that has not been realized yet” said Anthony. He says that one of the biggest problems of the sector is the low amount of foreign direct investment it receives compared to other industries in Cambodia despite consistent support from the public sector.“One of the things that could help is the Free-Trade Agreement with China,” said Anthony. He mentioned that part of the FTA is the exports of Cambodian agricultural products to China. The arrangement is already bearing fruit with a large shipment of mangoes worth $470 million. Anthony cites this as a momentum to increase agricultural production and exports despite COVID-19.In terms of real estate, Anthony noted that land properties remain an extraordinarily resilient market. “The land market is almost always on the uptrend and I’ve never met anyone who said they bought land and lost money on it,” he said. Owning land property remains a largely exclusive right to Cambodian citizens and has been a source of a boon for many landowners selling or leasing land in the wake of the Kingdom’s fast-paced development.On the other hand, new developments such as condominiums have seen some downward pressure following the community outbreak. “Volume of transactions are down by 15% to 20% in the condo market and we’ve seen prices go down by 20% to 30%,” said Anthony, “There are even some offering up to 40% discounts which shows a short-term slowdown in the market”.Anthony shares the observation much of the condominium market has been focused on the international market. But as travel restrictions currently stand, these buyers are not able to see the properties for themselves, and as a consequence, do not pursue purchases as they did prior to COVID-19. Nevertheless, Anthony reminds everyone that Cambodia’s real estate market is still in its early stages.“In my 20 years in Asia, if you look at the skylines of Bangkok, Jakarta, Kuala Lumpur, and Manila, these markets started out with very little development and they just exploded and demand self-fulfilled itself over the years,” he said. Historically, dips in the market have been windows where property buyers keen on making a good investment by buying low. Cambodia’s current market landscape presents an opportunity to look for deals on the market.Phnom Penh’s city skyline at night. Supplied.At the start of 2021, the National Bank of Cambodia forecasted a 4% economic growth for the Kingdom if vaccines can successfully curb the spread of the virus. “The light at the end of the tunnel appears to be flickering in and out every time there is a community spread” according to Anthony, “But there are silver linings in all of this”.Anthony lauds the government, particularly the Ministry of Health, for having a vaccination plan in place. “The government is quite well-organized. Vaccinations are arriving, there’s a schedule of different vaccines, and the Ministry of Health has a very clear plan of distributing these vaccines” he also credited the business community for their financial support and the commitment of the population to implemented quarantine measures.“The lockdown has somewhat slowed the infection rates. I believe that vaccine rates will go up in the next couple of months and we might see a rebound by the 4th quarter” he said. He cautioned that the first signs of recovery may not include tourism. But other industries, such as construction & real estate, garment manufacturing, and agriculture may see initial signs of rebounding towards the end of 2021.Looking to get in on the next live interview? Sign up here!

The utility of graphs and other forms of market data cannot be discounted when it comes to analyzing the sentiment of local consumers. However, we cannot also set aside the importance of directly asking homeowners/seekers: “What do you look for when buying a property?”This week, Mom Sothavatey, GM & Lead Manager of Realestate.com.kh shares her experience in home buying and insights into the Cambodian property seeker’s mindset. Catch her this May 5th (Wednesday) @ 2pm GMT+7 on Realestate.com.kh’s Facebook Page!Vatey has worked in the real estate industry for 5+ years in Cambodia and been with Realestate.com.kh for 3+ years. In her time at Realestate.com.kh she has worked in Digital Sales, Developer Relationship Management, and Marketing before becoming the GM with a major focus directly speaking to various property buyers and overseeing leads that we generate for our clients and those leads are serviced to a high level. Vatey is also a recent homeowner herself. Therefore we will explore her decision-making process from a local Cambodian buyer's perspective, as well as discuss what local Cambodians are looking for right now, from a first home buyer's point of view to a local Cambodian investor.If you’re an agent, property developer, or property investor, this can provide some much-needed insight into the Cambodian property seeker’s mindset!Pre-register for the event here: REGISTER HERE

Covid-19 has been a major effect to almost every industry dated since early of 2020 until present time, as well as in real estate industry. Due to the seriousness of the global situation, all flights forcibly stopped the operation until recovery. During the disruption of pandemic, nearly whole market is unpredictably going down, the buyers have more bargaining power in purchasing, hence most of the project is utilizing prize discount to attract more buyers and stimulate their sales. Surprisingly, Le Condé BKK1 have been performing very well ever since the last 2 quarters of 2020 and achieved remarkable sales volume to be the top sale project in the market. Likewise, the project itself becomes very popular in the Cambodia market. Effective from 23th April 2021, Le Condé BKK1 is pleased to inform that the unit price is increasing 5%. As Le Condé BKK1 homeowner, congratulations that your property has gained 5% capital yield.  From client’s and professional agent’s perspectives, Le Condé BKK1 is a rare and iconic condo development that is highly efficient for both living and investing. That is why a quick positive reputation of this project well-earned as Awards Winning Project by PropertyGuru despite the pandemic.  Situated in great location of central Boeung Keng Kang I, Le Condé BKK1 is thoroughly designed to create the first revolutionary condominium in Cambodia market with healthy, luxury and smart living lifestyle. All these strong factors made this project undeniably great for comfortable living and high return in rental that contributing to high demand from customers, especially smart home technology.  One of core principles of Le Condé BKK1 is firmly to protect homeowner’s interest. So your investment with Le Condé BKK1 project is and will be continuously secured. Le Condé BKK1 is really thankful for your trust and investment in our team and in return we promise to make your investment worthwhile for long-term relations. Besides high-class condo units with smart-home technology and revolutionary facilities, to upgrade this project to be a truly harmonious community, Le Condé BKK1 will introduce you the new product soon, the developer will announce the detail information in May. Stay tuned with us!  Looking to get in on the next live interview? Sign up here!

Quarantine Fun Challenge is a fun and rewarding online challenge that was initiated by Le Condé BKK1 project to entertain people during this lockdown period by making a fun video of your quarantine time.To support the Government during this lockdown, Le Condé BKK1 initiated this online challenge and now it is valid until 5th May 2021 to join and the winners will be announced on 7th May 2021.Le Condé BKK1 understands that it is a very tough moment for everyone. Taking this opportunity, Le Condé BKK1 would like to encourage people to stay alert with a strong mentality while doing quarantine, however, they still can have fun by joining this challenge at home. What’s even more interesting, many big prizes for the winners, the biggest prize is $1,500 cash for the winner with the most creative video.Right after the announcement, quickly hundreds of participants made videos to join our challenge sharing their quarantine fun day, showing that quarantine is not boring at all but we still can have some fun too. We have noticed some famous idols also joined our challenges like HRH Princess Norodom Pongsoriya and our handsome YouTuber Heng Visal.Many of the challenge participants expressed their positive feedback on this online challenge that this is a brilliant idea; while people stuck at home, they are easily getting bored and not very productive, however this challenge is very entertaining, interestingly a lot of big prizes. They also shared it with their friends and relatives to join.Le Condé BKK1 is a high-class residential condo project situated in a great location - central of Boeung Keng Kang 1 with revolutionary amenities. In the market, it’s very well-recognized because it’s the first smart home project in Cambodia. All these remarkable factors made Le Condé BKK1 the top sale and outstanding project thus far.

Prime Minister Hun Sen speaking at an event prior to lockdowns. Photo by K/T Khem SovannaraPrime Minister Hun Sen announced last night he will end the lockdown in Phnom Penh and other provinces, but some small areas with a high risk of infections will remain under restrictions.His announcement was made in response to a Facebook user, asking him about the situation after May 5, a deadline to reopen Phnom Penh and Takhmao City after three weeks of lockdown to prevent the spread of COVID-19.“There is no reason to continue to close it. We will reopen provinces or capital. [We] can close small areas where there is a high risk of infections,” he said.“Ongoing lockdowns are compulsory to reduce the infection and deaths of our people. Please understand a common difficulty faced by the nation,” he added.Originally published in the Khmer Times:https://www.khmertimeskh.com/50849886/lockdown-in-phom-penh-and-takhmao-to-be-lifted-after-may-5/

Key Features of an Oasis VillaThe Oasis Villa is the newest flagship model home in Borey Williams family of homes. This house has many awesome features that you don’t want to miss.Massive lot size – Each Oasis comes with a standard land size of 400 square meters! This is our largest size home yet which appropriately has the largest size lot also. Plenty of room for gardens, a pool, extra parking, or just enjoy the green space surrounding your home. You can expand your lot size to make it even bigger if you want.A curved driveway! - The Oasis driveway is curved! It can easily park up to 3 or 4 vehicles which makes it easy when you have lots of friends visiting. Since the driveway is curved you can easily enter or exit from either side which means you don’t have to put your car in reverse. This is actually safer because you don’t risk backing into a low object (or person) behind your car which is out of view. The driveway is also covered by a massive balcony so there is cover from the rain or sunshine when entering and exiting your car… just like a hotel.Huge windows - Looking at the front of the Oasis Villa, your eyes are immediately drawn to the gigantic box-style windows on either side of the home. The largest window is over 6 meters tall! At night you will see the glow from around each window as there is offset LED accent lighting around each window. The concept with the Oasis design was to allow lots of light into the home while offering an ultra-contemporary design pleasing to the eyes. The oversize windows provide a great view of your gardens and lawn as well so you can enjoy your green space. Be prepared, as you may have many neighbors just stand outside and look at your home’s unique style, as they will want an Oasis too if they don’t already have one.Ground floor – The main living room has many unique choices of texture and color. There are matte finish wood tiles, white granite accent, and dry-stone wall accent which make a warmer feeling in the main sitting room. There is a wrought iron partition separating the living room from the dining room. The dining room can easily fit a table for 8-10 guests. With 3-meter-tall ceilings, you will not feel cramped at all in this large home. There is also a minibar between the dining room and the kitchen which can be used for enjoying each other’s company with someone preparing food in the kitchen and is perfect for parties. The ground floor also has 1 bedroom, 2 bathrooms, and 2 storage closets. First floor. - Walk upstairs and you come to a second living room, also called a loft. This spacious area can be used as a game room, a place to lounge, or a movie room. There is a glass handrail and a view through the main window in the front of the home. This floor also has the master bedroom. This main bedroom features a large private bathroom with double sinks, a grand size walk-in closet, and a private 22 square meter balcony. The Oasis was designed to make the owner feel the most special, have the most beautiful living space, and also more privacy from the other rooms in the house.The second floor – Walk up to the second floor and you have glass doors leading out to an enormous patio balcony which is 51 square meters in size! This is the PERFECT place to have outdoor parties in the evening, sit and enjoy a breeze, exercise in the morning, or just enjoy the view. This oversized patio can be customized to additional bedrooms at customers’ request. This floor also features 2 bedrooms, 1 bathroom, 1 closet, and 1 more balcony. The forward-placed bedroom has sliding glass doors leading out to the second balcony which features a sandstone accent, and wood-paneled ceilings to give warm vibes and unique textures.This Oasis Villa is our latest model which was just released in early 2021 and already has dozens of customer pre-orders. This house was an American-inspired design and only uses premium materials all throughout each section of the home. In the Oasis you will find Cotto fixtures, Rinnai water heaters, Midea air-conditioners, 10-year Jotun paint, and SCG products throughout the home. These are just some of the main brand names our customers have come to expect from Borey Williams homes, and the Oasis will not disappoint.Oasis homes start at $275,500 and monthly payments of only $1,272/month with our partner lenders.Contact us today to book your own Oasis Villa.Phone: 092 92 1000Google Map: http://bit.ly/bwilliamStart Owning Today with Borey Williams!

Just last week Realestate.com.kh announced the return of the famous online property sale event that it first held in 2020 as a vehicle to allow developers, agents, and property seekers to secure property at a great price and transact - 100% online, despite the ongoing pandemic. The inaugural online event generated over 110 reservations and over $40 million in total property value booked during the event.Initially, the 2021 Online Flash Sale was slated to run across 4 days, however, it has now been revealed that the event will span from May 6 right through to the finale on June 6. Here is all you need to know!Realestate.com.kh Online Flash Sale:May 6 - First announcement of properties participating in the event & buyers can start to pre-register their interest in properties and projects & start speaking to developers and arranging online viewingsMay 6 - June 1 - New properties will be released on the event website weeklyJune 2 - Online property seminars from developers, agents, lawyers, tax consultants & moreJune 3 - June 6 - Discounts publicly available, 4 days only100% free registration & property seminars$200 Fully refundable reservation fee during the final 4 days to reserve the discounted priceTom O’Sullivan, CEO of Realestate.com.kh said “We ran the online event last year for just 4 hours, which generated sales beyond our expectation, however, we still had over 1000 property seekers on the event website when we closed it down last time, so we knew this time we had to run it for longer”Over the first two weeks of marketing Realestate.com.kh registered over 500 people to the event from both local property seekers and international investors that are all looking for a great deal, and to take advantage of what is otherwise a difficult time to generate wealth, conduct business and travel.“We have over 500 registrations already, so running the event over 4 days would be successful, but the consistent feedback from registrations was that due to it now being even harder to visit showrooms and move around the country - buyers really wanted more time to register their interest for projects and be given more time to speak to agents & developers, arrange online property tours and understand the property as much as they possibly could (online) before making a buying decision.Although there was a restriction in movement in 2020 when we ran the first online event - buyers were still able to visit showrooms freely to complete their purchase and make down payments, after they had made the reservation fee online. By allowing property seekers a chance to register their interest for a month leading up to the 4 days ” O’Sullivan went on to say.The event now runs for a total of one month from the 6th of May to the 6th of June, giving potential buyers and investors more time to connect with agents/developers and understand the property more before they make a buying decision. This also gives agents and developers more of an opportunity to sell property online during what is otherwise a difficult time to sell property and profit during COVID-19 restrictions.

This week the CEO of Realestate.com.kh Tom O'Sullivan will be sitting down with Mr. Anthony Galliano, the Group CEO of Cambodian Investment Management Holding to discuss the impact of the lockdown on the Economy and dive into its ramifications for the Real Estate market.CLICK HERE TO REGISTER TO ATTEND THE WEBINAR The webinar will start on Wednesday, April 28th, 2021 @ 2pm GMT+7. In keeping with lockdown measures, the interview will be conducted via Zoom and will be streamed on Realestate.com.kh’s Facebook page.Realestate.com.kh is continuously working to provide local property seekers and international investors with the tools and information in relation to the Cambodia property market.If you missed last week's webinar (Covid updates & important information for the real estate sector in Cambodia) with the President of the CVEA Mr. Chek Soknim you can watch it here.

CVEA President Chrek Soknim gave us insights into the real estate market’s response to the lockdown measures imposed in Phnom Penh. This article is a summary of the interview, which you can view in full-length on Realestate.com.kh’s Facebook page.On the eve of Khmer New Year celebrations (14th of April), the Cambodian Government implemented strict lockdown measures in Phnom Penh and Takhmao to prevent the spread of COVID-19. This is on top of the previously mandated 8pm to 5am curfew implemented throughout Phnom Penh. Many businesses, particularly in the real estate sector are wondering: “What happens now?”Cambodian Valuers and Estate Agents Association (CVEA) President Chrek Soknim joined Realestate.com.kh CEO Tom O’Sullivan in a discussion about navigating the current landscape as well as a discussion on any possible reforms to allow agents and the industry to continue business during this period.“Everyone is experiencing a measure of challenge in light of the lockdown” said Mr. Soknim. “This certainly affects the Cambodian property market, especially in Phnom Penh. But this has not deterred our efforts to continue doing business with the help of technology”.He highlighted the importance of recognizing the danger posed by COVID-19, following government-mandated health measures, and finding ways to continue doing business despite current circumstances.The elephant in the room was the question of whether or not properties were still moving in the market, and Mr. Chrek clarified that deals are still being closed. “Deals are still being facilitated even during the lockdown” he said.Properties for sale have noticeably slowed down but are still receiving inquiries from interested buyers. Mr. Chrek observed that developments have an easier time closing deals during this period as opposed to existing homes. If you are interested in knowing more about all the new developments for sale in Cambodia, check them out here on Realestate.com.khGenerally “property buyers have all the information they need online and I think they will revisit the property market once the lockdowns are alleviated. After all, the nature of doing business in real estate is being able to see the property first-hand” he said. Mr. Chrek Soknim emphasized that providing information via online means has been crucial in capturing and keeping interest despite restrictions.Mr. Chrek considers the overall current situation as far from being a crisis. “The market is still strong as the interest is there. It’s just a matter of being able to visit the properties so buyers can make the right decision for themselves,” he said. On the contrary, he sees the current situation as an opportunity for property agents to learn additional skills while they stay put at home. “There are plenty of online resources that teach negotiation, sales, and marketing skills,” citing that he himself is subscribed to an online course teaching management and negotiation skills. “This is a good time for real estate agents to expand their skills so they have something more to offer for when the market eventually bounces back”View in full-length webinar on Realestate.com.kh’s Facebook page.Article by:

CBRE Cambodia Managing Director James Hodge sat down with Realestate.com.kh and walked us through how he got started, CBRE’s history, and the mix of opportunities and challenges facing the Kingdom’s property sector.They say it takes a village to raise a child, but what if you are raising something bigger?Cambodia’s property market has been a rising star in South East Asia’s real estate investment circles. It has come a long way from not having any kind of property ownership to a flurry of projects being announced and opened every year. And its fast-paced growth is largely thanks to the mix of skill sets in Cambodia that built up its property market into what it is today.“A broad background and understanding of marketing, law, sales, and negotiation, are needed to deliver results for clients,” said James Hodge, CBRE Cambodia’s new Managing Director. “It’s this mix of skill sets and constant need to adapt that has kept me fascinated and motivated about real estate”.James first found interest in real estate when he was 15 years old. His interest in the industry was nurtured by relatives who worked in real estate giving him an insight into how things worked early on. He eventually went to study commercial real estate development and investment at the University of Reading in pursuit of a career in the industry, particularly with commercial properties.In 2016, after 7 years of working in a commercial real estate company in the United Kingdom, James saw the opportunity in a new frontier market in South East Asia.“Believe it or not, I had no market in between the UK and Cambodia,” James recalls of his move from one side of the world to the other. “I saw the potential with CBRE Cambodia and I jumped at the opportunity to lead its Research, Consulting, and Valuation services team. It set me up really well, giving me a good grounding in the dynamics of the Cambodian market”CBRE Cambodia has been the foremost property consultancy firm in the Kingdom’s real estate development for over a decade. Since its establishment in 2008, CBRE has assisted many entrepreneurs and investors through an array of services covering property consulting & management, sales & leasing, property valuation, and other professional services.While CBRE officially landed in Cambodia in 2008, the consultancy firm started its initial operations by brokering land plots and providing consulting services out of Thailand in 1994. However, economic observers, especially those within CBRE, saw the massive potential for growth in Cambodia.“It was David Simister, heading CBRE Thailand at that time, who together with James Pitchen, also from our Thai office, Richard Leech and Marc Townsend, both from CBRE Vietnam, kick-started CBRE in Cambodia,” said James when asked about the collaborative effort it took to start CBRE Cambodia.Today, James Hodge serves as CBRE Cambodia’s Managing Director leading a new team to continue what CBRE has done best in the past decade. “Much credit goes to Sothida Ann, who has put in a lot of work growing CBRE Cambodia’s small operation into something that now leads many fields,” he said. “The structures, strategies, and insights she was able to deliver have been invaluable in helping CBRE grow.”CBRE’s new management teamCBRE Cambodia’s new management is a team of veterans that has been working together for quite some time complemented by new faces bringing fresh ideas to enrich CBRE’s endeavours in the Kingdom.(From left to right)Ben Nesbitt, Associate Director, part of the professional services team that provides location-specific advice to CBRE’s business clients. Ben has a background in investment in the United Kingdom. He runs CBRE’s valuation team and provides strategic investment advice.David Pen, Residential Sales & Leasing Director, one of the new additions to the CBRE team. David leads CBRE’s residential team to drive strategic growth and bring new opportunities for CBRE’s residential clients.Mithona Chuop, Shared Services Director, ensures the smooth operation of CBRE Cambodia’s complex, diverse platform. Mithona’s background includes business performance analysis and product development. He has a passion for staff development and drives CBRE’s learning and performance platform with the aim of optimising service delivery for clients. Ludovic Hautin, Advisory & Transaction Services Manager, joined from CBRE France and is involved in overseeing the brokerage of office and industrial transactions. Ludovic came through the CBRE network and progressed up the rungs to lead CBRE Cambodia’s Advisory & Transactions team.James Hodge, Managing Director, CBRE Cambodia’s new head, James has a strong background in commercial properties complemented by working his way up through the commercial and professional teams at CBRE as he rose through the ranks. James Hodge now leads a team of seasoned property professionals into Cambodia’s expanding markets.Casandra Gally, MarComms Manager, has a background in marketing and communication. She leads the busy events calendar that CBRE Cambodia is well known for and has a passion for helping the right people connect through the company’s public relations endeavours. Carol Qu, Property Management Consulting Manager. Carol has an extensive background in business development and marketing, as well as a keen appetite for real estate. Kinkesa Kim, Research & Consulting Manager, has a strong background in market research and the provision of valuable consulting advice developed from years working within the Kingdom’s growing market. She and her team work with the valuations team to provide clients with insights and advice on the Cambodian market.Shivali Chaman, Head of Property Management, a real estate professional with experience of working for large multinationals in India. She manages portfolios of corporate and residential real estate assets for CBRE’s clients and offers substantial experience in property management.From cultivating talents internally to tapping veterans from the global property industry, CBRE Cambodia has formed a team of leaders and experts in their respective fields.CBRE and the future of Cambodia’s property market“The Cambodian market is poised for change and CBRE is ready to meet the requirements,” James said. CBRE Cambodia, in light of recent events, is continuously developing its range of services to provide better depth in terms of services and strategies it delivers to its clients.James observes that the speed of growth and development in the Cambodian real estate market means it is increasingly complex. He explained that to navigate it successfully new investors and developers have to do something different.“It helps to have the support of an adviser who has the breadth and depth of skill sets and knowledge to show how to do things, where to go, and what the trends are.” James elaborated, “CBRE will continue to position itself in that space”The corporate office space market, for example, is a sector that is yet to go through a big transition, according to James. Flexible working has not yet caught on in Cambodia, and if the developed markets are anything to go by, it may allude to changes the sector is yet to see in the next wave of growth - something that will not happen until economic activity rebounds.On the other hand, the residential sector is much more developed. James observed that its rapid development still leaves room for new technologies to allow developers to differentiate their portfolios from one another. Some key examples are residential offerings in Vietnam, Singapore, and Thailand, markets where developers have had to carve out a niche for themselves more so than in Cambodia to date.James adds that landlords in many sectors are under pressure to innovate and invest in new ways of doing things. And while that may be difficult, these trying times are historically catalysts for change and it may well initiate investments that pay off when the market bounces back.Previous economic downturns have been historically followed by leaps in technology, activity, and overall growth for economies, including real estate. CBRE Cambodia, despite the challenges the Kingdom is currently facing, is poised to deliver excellent outcomes to its clients and guide them to when Cambodia’s market surges once again.Article by: