Studio apartments in Phnom Penh continue to see interest from local investors/buyers. Photo supplied by Phnom Penh Galaxy Garden.The effects of a tough 2020 are still keeping Phnom Penh’s property market activity on the low side. But for the most driven property seekers looking to live in the city, it’s been the high-time to go around town.Realestate.com.kh Market Trends, the leading property classifieds portal in Cambodia, reports that though median sale prices condominiums in the city have gained some market footing, their prices are still comparatively lower prior to 2020.Key highlights of condominium sale price trends in Phnom Penh1-bedroom condo median sale price recorded at ~$88,0001-bedroom condo median sale prices are 20% lower compared to September 20202-bedroom condo median sale price recorded at ~$168,0003-bedroom condo median sale price recorded at ~$300,000Prices displayed on Market Trends are median prices found across Phnom Penh and are designed as a guide to navigate price ranges. Realestate.com.kh is advising interested buyers to visit the condominiums for sale on Phnom Penh page for the specific rates of projects they may be interested in.According to Market Trends, listed 1-bedroom apartment median sale prices are recorded at ~$88,000, around 20% lower than the highest recorded value of $105,000 way back in September 2020; median sale prices have yet to recover.The entry of new projects with below-$88,000 1-bedroom units such as Ratana Plaza Top Apartment and Phnom Penh Galaxy Garden into the market further added to the condominium selection in the city.The city’s notable growth over the past decade due to the influx of workers from the countryside moving to the city, the growth of a middle class looking to invest in property, and the arrival of expatriates working for NGOs and multinational companies. And while COVID-19 hampered the growth of foreign investors/renters, their popularity among local property seekers remain - creating the only viable market both agents and developers have shifted much of their attention to.The pricier but larger units in 2-bedroom and 3-bedroom formats have gained some stability as Phnom Penh’s market came to grips with its COVID-19 situation. Prices for these larger units, however, remain lower than what they were over a year ago. Market Trends reports median sale prices have stabilized to ~$168,000 for 2-bedroom and ~$300,000 for 3-bedroom units.China’s Ambassador to Cambodia Wang Wentian (L) with Prime Minister Hun Sen at the vaccine handover ceremony at Phnom Penh International Airport last February 7. Photo by KT/Khem Sovannara.The first batch of much-awaited COVID-19 vaccines from China arrived in the Kingdom last February 7 (Sunday), according to a report by the Khmer Times. Prime Minister Hun Sen, who was present during the handover, expressed confidence that “The vaccination drive will play a positive role in restoring the Kingdom’s socio-economic development”.Previous market outlooks stated that the economic effects caused by COVID-19 will continue looming over the Kingdom without a working vaccine in circulation. The arrival of the first batch of vaccines will certainly play a role in reinstating market confidence in the Kingdom’s property sector; with local buyers/investors moving first and international clients returning once vaccines are made globally accessible.Article by:

Owning your dream home is now easier than ever! Phillip Bank is currently offering Cambodian property seekers up to 90% financing. Cambodian property buyers who apply with Phillip Bank will additionally be treated to an interest rate as low as 0.69% per month for up to 25 years.Phillip Bank is part of PhillipCapital, a Singapore-based financial group founded in 1975. Through its 40 years of expansion, PhillipCapital has grown to serve more than 1 million clients worldwide and manage assets worth more than $35 billion across more than 15 major marketplaces in Asia, Europe, and North America.Phillip Bank was established in Cambodia back in 2009. The bank has since expanded to 89 branches as of 2020 and is still pursuing plans to expand its operations in the Kingdom. Their 90% Home Loan program is the first of a series of new products Phillip Bank will be offering Cambodia’s expanding property market.“The current property market remains competitive and it follows that we offer a similar way for buyers to purchase property easily,” stated Phillip Bank. “We’ve streamlined our qualification process to allow for fast and quick approvals”Cambodia’s property sector has been a hot market over the last decade. While condominiums have taken the spotlight, landed properties such as boreys have equally grown in popularity.“Land is greatly valued by Cambodian property owners. The growth of boreys in suburban areas reflects this, alongside the explosion of condominiums in the city center,” said Phillip Bank. “Our 90% Home Loan is seeking to assist Cambodian borey buyers”The global outbreak of COVID-19 stymied most growth prospects in the Kingdom. But as a new year dawns, many believe there is hope for recovery in 2021. Phillip Bank has observed that “While it’s still not clear when the property market will see the kind of activity it did prior to 2020, we observed that real estate professionals are not simply sitting idle and waiting for things to tide over.”“The activity we’re seeing now is the industry adapting to the new normal way of living,” said Phillip Bank. “And this year, we’ve made it our goal to help Cambodian buyers own their dream home”.

La Vista OneA beautiful turnA year worthy of history with the outbreak of COVID-19The economic situations all over the world are direThe world faces the most severe test of the 21st centuryAnd it seems that,To exist is to be strong, to live is to be luckyLa Vista One remains committed,Whether it's a thorn or a roseTo stay true to its purpose and forge aheadFor the benefit of the peopleAt this moment, follow the hour hand to review 2020Let us witness the achievements and vision of La Vista oneLooking back on 2020, La Vista One faced the pressure of the epidemic with unwavering dedication from all its employees. The project has additionally retained its prestige thanks to the unique location advantages of the "Mekong Bay Area" and features such as scarce waterscape resources, and its own international top-level supporting facilities. La Vista One remains recognized by Phnom Penh real estate peers and international distribution companies as a top residential choice, no matter the climate.La Vista One won two awards for the best apartment development and the best landscape design in the Asian Real Estate Awards in August 2020, becoming the most popular river view real estate in Phnom Penh, Cambodia.In 2020, due to the impact of the COVID-19 pandemic, La Vista One seeks to deepen its connection to the Cambodian market and meet the growing demand for high-quality homes. At the same time, it has cooperated with domestic JD E-commerce companies and selected seven cities: Beijing, Shanghai, Nantong, Wenzhou, Taiyuan, Xi'an, and Shijiazhuang, have cooperated with more than a dozen companies to launch online property sale activities on JD.com and have achieved considerable results.What kind of architecture can survive the test of time?In the busy rhythm of modern cities, what kind of "poetry" do people need to bring restless daily life back to peace?When the quality is refined to a level beyond your imagination, what kind of surprises will it present?These are questions La Vista One delivers on.In 2020, the areas of Phnom Penh along the Mekong River saw much prosperity. La Vista One will open up a new waterfront lifestyle on the Mekong River with a 41-story double V pattern high-end luxury building, with 48-127 square meters of waterfront living space. Large-scale private leisure clubs gather the world’s elites from various industries. With a 1.8m wide-view balcony and a 270° extreme view of the landscape, you can savor the sight of the prosperous city from a distance and enjoy Chbar Ampov’s peaceful green scenery up close.EngineeringArchitecture is about scaling. From a blueprint to a state of beauty, La Vista one is carved in time and settled in the years.Facing the unusual 2020, La Vista One implemented health measures on the project construction site to ensure worker health and continue the project as intended. The site was equipped with infrared thermometers at the gates, and staff regularly carried out temperature detection of all customers and employees who came and went into the area. Engineers and construction workers have overcome the difficulties caused by the epidemic, working day and night, building bricks and tiles with tireless effort, and watering plants and trees with much hope their work will one day pay off.At present, building A of the La Vista one project has completed the binding of 22-story beam slab reinforcement, and concrete pouring is about to begin; building B is under construction of 23-story floor slab support.Hope is an invincible value, especially if it’s looking forward to better days. La Vista one is moving steadily towards what you are looking forward to. Please be patient and wait for the delivery at the end of the year.CharityThe gleam of the candle fire can also stir up the atrium, trickle-down, and eventually merge into the sea. "We benefit from society and we must work hard to give back to society", this is the philosophy that La Vista One advocates.At the beginning of the new year of 2020, La Vista One launched the "Love Khmer, Love in Amethyst" charity activity, donating donations and daily needs to charitable organizations such as the Cambodian Khunthaphua Children's Hospital and the Cambodian Red Cross. The materials are used to care for children with special needs in Cambodia and ultimately give back to the people of Cambodia.In June 2020, during the height of the global pandemic, La Vista One took "the name of epidemic love, good deeds of Khmer" as the public welfare theme, and brought masks, hand sanitizers, and other most urgently needed protective materials in hospitals like the Cambodian Khuntha Phah Children's Hospital, and offer a special warmth to the medical staff and patients here.In October 2020, Cambodia was hit by typhoons, tropical depressions, and heavy rainfall for several days, and floods occurred in many provinces and cities. At 10 am on the 22nd, Mr. Zhao Haosheng, Executive Deputy General Manager of the company affiliated with La Vista One project, Ms. Ye Xin, Director of Marketing, and leaders of various departments of the company walked into the Cambodian Red Cross to donate charity and relief supplies on behalf of all employees of the company. Overcome the difficulties with the Cambodian people.With the power of enterprises, we will transmit positive social energy and contribute to the building of a better Cambodia.La Vista OneTime is endless in its silenceTime gives people a measure of possibilitiesThe journey towads the future is like the stars and the sea, shining brightlyMore so in this hopeful year of 2021La Vista one will continue to coexist with the city and create more exciting avenues for its peopleFirst choice for investment in Phnom PenhLa Vista One One is located at the intersection of the Mekong and Tonle Sap Rivers in the Shuijinghua District of Phnom Penh. The entire project is planned and constructed with a 41-story, 140-meter-high Art Deco twin tower.Surrounding facilities: 2023 Southeast Asia Games Hall, Li Yongfa Satellite City, OCIC Water Jinghua Satellite City, World-Class Convention, and Exhibition Center, New Municipal Business Center, Phnom Penh Garden City 18-hole Golf Club, Asia's largest water park, Safari Zoo, Dinosaur Theme Park, Phnom Penh largest Lucky supermarket, Soka Hotel, Wankelong.Educational resources: Shuijinghua Primary School (Secondary School), Prince Xie Xin Middle School, Norton University, Cambodian Polytechnic University, APF International School.Medical facilities: Sunrise Hospital in Japan.Project supporting facilities: infinity swimming pool, global restaurant, sky bar, pick up cafe, executive lounge, sky garden living room, panoramic gym, spa, children's playground, hotel butler service, etc. Layout design: one-bedroom with crystal, two-bedroom with a wide view, three-bedroom luxury and elegant, 48-127 square meters of smart crystal space, multiple choices, suitable for both residential and investment purposes.

The United Kingdom is an ideal place for future investments, be it in education or in real estate. Supplied.Studying abroad is a trend among Cambodians who come from wealthy families. While there are many popular choices like the United States and Australia, the United Kingdom remains a top choice for them, and here’s why:Popular Reasons Cambodians study in the United KingdomThe United Kingdom, for many years, has been welcoming students from abroad through its network of educational programs and partnerships.According to a 2018/2019 report by the House of Commons, around 485,000 foreign students are studying in the UK. The House of Commons reports around 350,000 of these foreign students are not from the European Union. So, sticking out shouldn’t be much of a concern if you’re a student or a parent. Instead, familiarizing yourself with how you can benefit from educational opportunities in the UK should be a top priority!Internationally recognized programsThe United Kingdom is home to many world-renowned high schools, colleges, universities, and research facilities that offer programs for international students, Cambodians included. Each of these institutions offers exceptional curriculums and post-graduate opportunities that, given enough diligence and time, open lucrative opportunities for Cambodian students within the United Kingdom or even the wider European job market.Top-class educational facilitiesHigh schools and universities in the UK complement their exceptional curriculums with top-tier facilities to further facilitate an environment of learning. Popular courses such as information technology, medicine, mathematics, linguistics, art and design, banking and finance, and business management are done through proper application and guidance of knowledgeable teachers and experts of their chosen fields - further securing an advantage within a highly competitive job market.Learning British EnglishThough English is considered to be an international language nowadays, British English has always stood out as a unique way of speaking, writing, and conversing. Cambodian students who choose to study in the United Kingdom will inevitably learn how to speak (complete with the accent!) and write in the iconic British manner. It’s more than just a cool party trick, it can be your key to a lot of opportunities!TravelingIt’s no secret that the dream of traveling is quite prevalent in today’s youth. The idea of seeing new sights, experiencing different cultures, and learning about them is what would popularly be referred to as #goals.Studying in the United Kingdom definitely can realize any Cambodian students’ dream of experiencing something beyond what they have grown accustomed to. Gaining a new perspective on everyday life is an often forgotten yet important aspect of any holistic educational endeavor.Path to living and working in the UKGraduating from any college, university, research institute, and even high school in the United Kingdom already nets a student a good advantage, be it pursuing further studies or securing a well-paying job. If the student does well, many universities in the United Kingdom will offer Cambodian students the opportunity to live and work in the country immediately after graduating with no field restrictions. That could be a path to more permanent status in the United Kingdom.What happens after graduation?Graduation is a milestone for any student, especially if they're coming from prestigious universities in the United Kingdom. Supplied.The world is anyone’s oyster after graduating. And coming from a prestigious UK university already nets you an advantage you would be wise to take advantage of as a student! All you’ll need now is a place to live. Fortunately, it has become easier for Cambodians to invest in UK property.Leander Group, a private investment group with holdings in both the United Kingdom and Cambodia, is working together with API Global, a UK-based property specialist with a network of leading and reputable developers in the country. The two recently announced a partnership to offer Cambodians the opportunity to own property in the UK’s 2nd most populated area: Birmingham city.Why live and study in Birmingham city?The city is home to many small shops that maintain its quaint appeal while maintaining its position for further urban development. Photo by Khamko.It’s understandable that most would think of London if given the chance to study and eventually work in the United Kingdom. But much like Phnom Penh, Birmingham is seeing its own infrastructure boom and raising its profile as a prime investment hub for the next decade. Let’s take a look at why should Cambodians consider Birmingham for studies and more:Lower cost of living in BirminghamBirmingham has plenty of markets where you can get good deals on different products across cultures. Photo by Birmingham Mail.Birmingham has a considerably lower cost of living than London. Its housing sector, in particular, offers excellent value for an up-and-coming city. Property investors are catching on that Birmingham will likely see great potential uplift in the coming years.Wages are an integral part of any cost of living discussion in any city. While they are higher in London, the cost of living is considerably higher as well - to the point where wages do not adequately realize one’s dream of living in the big city. It’s definitely something that’s been pondered over by many who live in London.On the other hand, Birmingham is offering plenty of urban conveniences without the high cost and crowds associated with most major cities. These conveniences (even luxuries) are attainable for as short as 2 hours of work, including a quantity of Michelin star restaurants and creative hotspots mostly centered around Digbeth. You don’t have to break the bank to enjoy what Birmingham has to offer.Transportation in BirminghamBirmingham is a city with plenty of transportation options that suit your day-to-day needs. Supplied.There are plenty of options when it comes to getting around in Birmingham. Depending on where you want to go, you can take the public trains, buses, and taxi services. Birmingham is quite cycling-friendly with lanes allotted for cyclists to get around the visit - also ideal if you wanna stay active at the same time! You may visit their information center to learn more about available transportation in Birmingham.Since we’re on the topic of transportation, it’s important to mention that Digbeth, Birmingham has been earmarked as the home to the new HS2 train hub site around the corner on Curzon street. This new train hub endeavor is estimated to bring the capital of London even closer by cutting the 2-hour travel time down to just 49 minutes (quicker than crossing one side of London to the other!).The HS2 hub site is expected to attract an estimated £1.5bn of new investment and generate 22,000 jobs in the region, further adding to Birmingham’s already growing potential as a property investment destination.Schools/universities in BirminghamOpen campuses are definitely a treat for Cambodian university students who wish to study in the United Kingdom. Photo by the University of Birmingham.Cambodians will have plenty of choices when it comes to schools in Birmingham city. Here’s a brief overview of the leading schools/universities in Birmingham:Birmingham Metropolitan CollegeUniversity College BirminghamCity College BirminghamAston UniversityNewman University CollegeUniversity of BirminghamBirmingham City UniversityBirmingham Business SchoolAston Business SchoolKing Edward’s School (Private school in Birmingham)Additionally, over 360 primary schools, 165 secondary schools, and over 100 colleges operate within Birmingham.As mentioned in an earlier part of this guide, international students who have valid immigration status as a student and finish an undergraduate program or above in UK schools are allowed to work/look for work in any career or position of their choice for a span of two years.After two years, they can switch their visa into a Skilled Work visa if they find a job that meets the skill requirements of the route. For more specific information about student/work visas in the UK, you may visit the student visa portal of the United Kingdom.Foreign property ownership in Birmingham, UKAPEX Lofts is one such property in Birmingham city that Cambodians can readily purchase/invest in the United Kingdom. Supplied.Foreigners, including Cambodians, are allowed to own and invest in UK properties be it under-construction, new, or resale. Leander Group, a company specializing in UK-based investments for Cambodians, notes that though no additional charges are levied on foreign buyers, there will still be property transaction costs, including legal fees, searches, and reports & registration costs that need to be considered.The chief cost to consider would be the Stamp Duty Land Tax (SDLT). The SDLT applies after a certain price threshold depending on the type of property. According to the UK government, the SDLT threshold is £125,000 for residential properties (beginning April 1, 2021).Getting your foot in the doorThe United Kingdom offers plenty of opportunities whether you’re a parent or a student looking beyond Cambodia to secure your/your child’s future. A degree from any reputable school in the United Kingdom grants its graduates an edge over a highly competitive market and opens many lucrative doors, an enviable position for many. However, studying in the United Kingdom is one thing, and securing your place (literally and figuratively) is another.If there’s anything we want for you to take away from this article, it’s that you may want to look beyond degrees and schools by considering investing in property in the United Kingdom, especially in Birmingham. Because when it comes to a brighter and more secure future, Birmingham will be offering exactly that and a whole lot more in the coming years.Article by:

Sen Sok is home to a portfolio of residential projects geared towards Cambodian buyers. Supplied.January’s chill appears to have permeated the month’s condominium property market. According to Realestate.com.kh, some of Phnom Penh’s districts saw another round of downward price adjustments. Though some districts saw an uptick, prices are still below what they were a year ago.Key highlights of condominium sale price trends in Phnom PenhSen Sok offers the lowest median sale price for condominium units in Phnom Penh as of January 2021Sen Sok condominiums saw a downward trend of 20% resulting in a median sale price of $95,000Chamkarmon and Boueng Keng Kang condominiums showed a slight uptick of 5% resulting in a median sale price of $158,000Daun Penh condominiums slid further down by 8% resulting in a median sale price of $120,000Slow activity at the start of the year due to recent COVID-19 scares and preparation for the Chinese New Year in February.Prices displayed on Market Trends are median sale prices found across Phnom Penh and are designed as a guide to navigate price ranges. Realestate.com.kh is advising interested buyers to visit the condominiums for sale in Phnom Penh page for the price of specific projects they may be interested in.With the onset of COVID-19, property developers have been moving their focus away from foreign buyers and instead have turned their attention towards the local market. Sen Sok’s condominium market reflects this shift as a flurry of new developments are mostly offering projects with adjusted payment plans and an overall more attractive asking price for local buyers.Some condominium projects of note in Sen Sok are the Phnom Penh Galaxy Garden and Ratana Plaza Top Apartment. Both projects are offering modern-style residential units comparable to high-class developments without the cost associated with luxury properties through FazWaz Cambodia.Pressures from COVID-19 open the way for local buyers to consider property in Daun Penh. Supplied.The central business district of Daun Penh is similarly seeing its median condominium sale prices face downward pressures. The district is home to many high-class developments geared towards the local elite and the now-trickling international buyer base that dominated the market prior to 2020. As travel restrictions due to COVID-19 persist, Daun Penh condominiums may not see pre-pandemic prices for quite some time.Chamkarmon and Boueng Keng Kang (BKK) districts, on the other hand, saw a small uptick of 5% in median sale prices. These two districts topped Realestate.com.kh’s most searched districts for property throughout 2020. Both have been a popular choice among Cambodians and expatriates alike as they are home to a mix of affordable-to-high-class residential property choices complemented by a range of urban conveniences easily found on almost every street corner. Given the prevailing popularity of these districts, properties in these areas may likely see some movement but not on the same level as they were before COVID-19.Recent COVID-19 scares in late 2020, along with preparations for the Chinese New Year in February, are playing a part in the new year’s relatively slow start. Real estate experts agree that though 2021 will be an uplift from 2020’s slump, it will not be the breakthrough year for the larger property market - an indicator that Phnom Penh’s property market is still a buyer’s market.Article by:

The 38-road project in Siem Reap is a massive undertaking designed to improve the city's tourism and overall economic prospects. Photo by K/T Khem SovannaraThe 38-road project in Siem Reap is seeing significant progress since its groundbreaking in late November 2020. The infrastructure project is constructing and rehabilitating roads in the city along with building and repairing rainwater drainage and wastewater purification systems.Minister of Public Works and Transport, Sun Chanthol emphasized the project’s focus on “quality, efficiency, and timeliness”. He adds that the roads will be made suitable for regular traffic and trucks commonly passing through the city’s roads.Approved in September 2020 at an estimated cost of $150 million, the project comes at a convenient time when the city’s roads are less busy due to the lack of tourists.According to a report by the Ministry of Tourism, tourists arriving at Siem Reap International Airport are down by 84% as of November 2020. Visitors arriving by land are similarly down by 71% over the same period.Given its tourism lull, the government has taken the initiative to turn it into an opportunity to improve Siem Reap’s tourism prospects. The 38-road project is part of the Siem Reap Tourism Development Master Plan 2020-2035, conceived earlier in 2020 aiming to transform the country’s primary tourism hub into one that can accommodate the surge of travel once COVID-19 is fully under control.Last January 29, Minister of Defense Samdech Pich Sena Tea Banh, with Director-General of the Electricite de Cambodge (EDC) Keo Rattanak, personally inspected the progress on the 38-road road project in Siem Reap. Officials report that the project is well on its way at 17% completion (as of last week of January) and on schedule to meet its year-end completion date.MPWT Minister Sun Chanthol speaking with senior officials and relevant stakeholders during a conference regarding the 38-road project. Photo by Khmer Times.In a report by the Khmer Times, MPWT Minister Sun Chanthol warned there will be no payment to the construction company of the 38-road project in Siem Reap if it was found uncompliant with technical standards and the technical construction guidebook.Cambodia’s ministries have been on top of its infrastructure development, adhering to its promise made earlier this year to pursue large-scale projects despite COVID-19. Real estate experts have observed that the continuing infrastructure development through the year will benefit much of Cambodia’s industries, more so when the global pandemic subsides.Article by:

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BKK tops property searches in Phnom Penh for its variety of residential and commercial developments in the district. Supplied.Cambodia’s real estate surge certainly slowed down over the height of pandemic fears in 2020, but that did not mean buyers lost interest in the market altogether. Realestate.com.kh, the largest real estate classifieds portal in Cambodia, reports Boeung Keng Kang (BKK) district topped property search inquiries in 2020.The BKK district’s search volume on Realestate.com.kh was followed by properties in Chamkarmon, Daun Penh, 7 Makara, and Toul Kork. The real estate website collected data from over 2 million visitors to Realestate.com.kh throughout 2020.“2020 was a challenging year for real estate markets globally, including Cambodia. However, there was still some good activity in the market and some very interesting trends that we are still seeing as we enter 2021,” said Thomas O’Sullivan, CEO of Realestate.com.kh.He explains that local and international investors that understand the Cambodian market are very much on the hunt for “good deals” and property for sale under market value. Due to the pandemic and its effects on the property market in Cambodia, many sellers were keen to sell property, even if that meant selling for less than what they might have got pre-pandemic.The first 2 quarters of 2020 appeared bleak to industry experts as Cambodia’s property market, particularly in Phnom Penh, was largely driven by high-end developments geared towards the local elite and foreign investors, the latter being heavily stymied following international travel restrictions. Realestate.com.kh reports that it was also during this time that property searches significantly declined.Chamkarmon is a popular tourist area seeing its fair share of residential and commercial developments over the next few years. Supplied.“Prior to COVID-19, most condominiums would have liked to have been selling more properties to Cambodians, but the international market’s interest in properties here was simply too strong to ignore.” Thomas observed, “And because international buyers typically have stronger purchasing power, developers naturally focused more on the international market; it was much better cash flow for the project.”In an effort to continue to stimulate investment from international buyers, In June 2020, Realestate.com.kh launched the first-ever Black Friday Property Sale in Cambodia which featured new developments and resale properties at discounted prices. The event managed to book over $15,000,000 worth of property across the country in a span of 4 hours. Black Friday Property Sale’s success reignited interest from international buyers but also highlighted the local buyer’s market looking for attractive deals.“As COVID-19 hit, condo developers shifted to focus on the local market. The most successful developers in 2020 were quick to move and adapt to the new market conditions, created payment plans that suited local buyers, and moved their marketing away from GRR, leaseback schemes, etc., as local buyers are less interested in these,” Thomas said.He noted that the most interesting trend to come out of 2020, was the massive shift towards condos for local buyers alongside the sustained popularity of borey properties.The National Bank of Cambodia (NBC) published a 4% growth forecast for the year 2021 on the back of a strong financial sector. The report expects renewed activity in the construction and property sectors following the re-entry of foreign direct investments, revenue recovery, and overall economic growth.Article by:

TK Avenue is a popular shopping destination for its shops and ease of access in Toul Kork district. Supplied.Phnom Penh’s retail market grows as the compact and urban area of Toul Kork is expecting 4 additional shopping destinations by 2021, according to a recent report by The Mall Company (TMC).According to TMC’s report, modern retail properties in Toul Kork are concentrated in the more densely populated north communes namely, Boeng Kak 1 and Boeng Kak 2. The report details that there are 4 modern retail properties operating in these areas with 1 community mall, 2 retail podiums, and 1 shopping mall under development. Toul Kork currently houses 15,292 sqm or 4% of total retail spaces in Phnom Penh. This is expected to swell to 78,753 sqm or 21% of the city’s retail space should all recorded projects meet their 2021 deadline but it should be noted these 2021 figures include data for Phnom Penh Mega Mall where a 2021 launch date has not been confirmed.Toul Kork was put on Phnom Penh’s retail map with TK Avenue and Samai Square. These existing retail spaces are relatively small compared to other larger retail destinations in Phnom Penh as they focus on community mall formats with street frontage and convenient parking/access, according to TMC’s report.The Mall Company’s report suggests that future developments similar to TK Avenue or Big Tree Mall would be popular if there are conveniences such as adequate parking, visibility, convenience, customer flow, and popular tenant mixes able to attract returning retail foot traffic.According to Google’s Mobility Report, Phnom Penh’s retail foot traffic went as low as 40% below baseline in the days following the November 28 incident. Google’s report now shows foot traffic gradually returning to pre-incident levels of just 14% below baseline.Google’s Mobility Report showed a spike in outdoor visits during New Year’s Eve measured at 66% above baseline, the highest since the long Bon Oum Tok holiday back in October. Given Phnom Penh’s residents’ behavior, the city’s consumers, including its shoppers, are eager to visit retail and entertainment destinations once the threat of COVID-19 is under control.Article by:

Chroy Changvar district is home to many modern property developments in Phnom Penh. Supplied.The year 2020 has been a tumultuous year for Phnom Penh’s property market. The city’s rental market, in particular, faced challenges with the dwindling number of tourists and expatriate renters compared to previous years. And while the market itself is gaining its footing amid COVID-19, it is yet to see the same level of activity prior to the pandemic.Key highlights of Phnom Penh rental market update:Phnom Penh rental market saw downward pressure from the recent COVID-19 cases5 Phnom Penh districts see up to 11% lower median rental prices by year-end 2020Sen Sok district offers the lowest residential median rental price as of December 2020Prices displayed on Market Trends are median rental prices found across Phnom Penh and are designed as a guide to navigate price ranges. Realestate.com.kh is advising interested buyers to visit the condominiums for rent in Phnom Penh page for the specific rates of projects they may be interested in.The new round of scares stemming from the November 28 incident put additional pressure on Phnom Penh’s property market. Rental prices recorded in December 2020 logged 5 districts seeing as much as 11% lower median prices.Chroy Changvar and Chbar Ampov saw double-digit changes of 11% and 10%, respectively. As of December 2020, the median rental price in Chroy Changvar is recorded at $600 while Chbar Ampov median rental price is recorded at $675.Median rental prices for Por Sen Chey, 7 Makara, and Sen Sok, similarly saw downward pressures. The Por Sen Chey district faced a 9% decrease in median rental price down to $600 while the more central district of 7 Makara only saw a 7% decrease, resulting in a median rental price of $650.Sen Sok district, an area primed for urban development, experienced a downward pressure of 8% with its median rental price recorded at $550. It is worth noting Sen Sok opened in 2020 with a median rental price of around $1,000. Prices in this district saw significant adjustments as COVID-19 persisted alongside the announcement of new affordable projects in the area.Sen Sok offers the lowest median rental price for condominiums in Phnom Penh as of December 2020.Phnom Penh’s property market is still under pressure from comparatively lower market activity. The November 28 incident, while officially contained, serves as a reminder that without a working vaccine, any prospect of recovery is still susceptible to disruptions. Fortunately, stakeholders in Phnom Penh’s property market have learned to observe basic quarantine measures required to curb further infections until a cure becomes available.Article by:

Winner of the Best Interior Design and Best Architectural Design awards at the 2019 Cambodia Asia Property Awards, The Peninsula Private Residences boasts a unique blend of a private residence, varied facilities, and hospitality-inspired services. As we welcome the year 2021, we are more than excited to announce the upcoming completion of the finest landmark at the gateway of Chroy Changvar district. We are especially proud to showcase the many milestones that we have achieved over the past year as we make your dream home a reality.We have organized many significant events such as the one and only “Rolling with Passion” event, in partnership with The Pacific Cigar Co (Cambodia), Partagas Cigar, and Fat Passion Restaurant, featuring a live cigar rolling demonstration by Master Cigar Roller Señor Dariel Hernandez to celebrate quality lifestyle living and exceptional experiences. “The Peninsula Year-End Sharing Session” where we invited various experts, notably, His Excellency Khliang Huot, the Chroy Changvar District Governor, Mr. Yong Ching San, Head of Credit Management in RHB Cambodia and Mr. Tom O’Sullivan, Chief Executive Officer of Realestate.com.kh to give their personal input on the fields of their respective expertise. Our “Embracing the New Normal Together” event was held at the Elephant Bar, Raffles Hotel Le Royal where our clients and partners reconnect over delectable food and drinks as they enjoy the serene atmosphere at the lavish bar.Last but not least, it is with much excitement that we welcome CBRE Cambodia on board as The Peninsula Private Residences' official property management consultants. On that note, as we rejoice in the new year, if you are on the lookout for a ready to move in property or should you have any leasing enquiries, we warmly welcome you to visit us at our Sales Gallery located at Keo Chenda Street, just steps away from our construction site or you can also contact us at +855 (0)17 222 760.

Many would agree starry nights are a sight to behold; it transcends cultures through the centuries - a testament to its magnificence. But as more cities develop, we’ve pushed this taken-for-granted vista aside in favor of meeting the demands of a modernizing society. And it seems that the many who would behold any starry night have accepted this as a tragic but necessary byproduct.New developments in Phnom Penh, however, are looking to preserve its natural beauty. The Phnom Penh Galaxy Garden, a new condominium development, is keen on building a cityscape with Cambodia’s natural spectacles in mind.As naming conventions go, Phnom Penh Galaxy Garden emphasizes providing a modern residence surrounded by gardens under a starlit night sky. It stands 33 floors with two outdoor recreational areas for residents among a long list of other residential and complementing amenities available.Phnom Penh Galaxy Garden’s condominium units are crafted with comfort and security in mind. Beyond that, these residential units are offered in spaces that cater to the more sophisticated needs of buyers in Cambodia. Up to 6 unit types are available to choose from ranging from 46sqm to 148sqm of blank residential canvass. So whether you’re by yourself or have a family, the Phnom Penh Galaxy Garden can readily accommodate your needs.A truly modern condominium requires more than comfortable residential units. Any resident’s interests may span a galaxy and the Phnom Penh Galaxy Garden certainly provides their plethora of amenities to meet them!High-class facilities can be found throughout the development. Two gardens are present within the Phnom Penh Galaxy Garden. One on the rooftop, and one on the lower levels with each one hosting a different set of amenities. Depending on the preference, residents can enjoy a majestic bird’s eye view of Phnom Penh through the Skydeck, take a relaxing swim in the pool, fitness center, and even an exhilarating visit on sky glass walk. Areas for brisk walking/running is also available in the lower garden area where residents looking to stay active can do so with Phnom Penh's famed city breeze.Topping all of these off is the growing number of purpose-built shopping malls and other commercial establishments popping around Sen Sok; big commercial areas, such as the shopping mall AEON Mall 2 and wholesale center Makro. Dozens of supermarkets, cafes, and restaurants also dot the surrounding area of Phnom Penh Galaxy Garden. Living in the Phnom Penh Galaxy Garden gives residents the convenience of satisfying every whim.Prime rental location in Sen SokPhnom Penh is fast on-the-rise as its property sector builds up a cityscape similar to its neighbors. Phnom Penh Galaxy Garden stands as a prime property and investment choice among those looking to get ahead in Sen Sok’s hot property market.Phnom Penh Galaxy Garden sits at a comfortable distance from colleges and universities in Phnom Penh. Schools such as the University of Cambodia, Pannasastra University of Cambodia, Phnom Penh Institute of Technology, and the Royal University of Phnom Penh, are all within 10-20 minutes away. And with more Cambodian families from the countryside sending their children to Phnom Penh for school, the Phnom Penh Galaxy Garden will increasingly be an ideal place for rent near universities in Phnom Penh.Of course, costs mean a lot to anyone, especially for parents. Fortunately, Phnom Penh Galaxy Garden is offering buyers a 0% interest installment for up to 30 months. Bank loans are also available where interested buyers can get a 50% downpayment before the handover in May 2023!In the first year of its construction, a sizeable portion of pre-selling units have been sold and a flurry of interested buyers and investors are continuously asking what can kind of returns can they expect? With a healthy 6% guaranteed rental returns, who could possibly pass on the Phnom Penh Galaxy Garden?“Your home in the stars” takes on multiple meanings with Phnom Penh Galaxy Garden. Not only does it provide residents with luxury comforts, great location, and even better returns, it allows residents to enjoy all of it under the romantic blanket of Phnom Penh’s pristine night sky.

Sales volume is and always will be the best evidence for how successful and popular a real estate project is. In 2020, when most projects are heavily affected by COVID-19, Le Condé BKK1, one of the prime luxury residential projects in center Phnom Penh, sold a record-breaking $22,450,000 worth of sales in 5 months! How Le Condé achieved this might be very surprising for many. But real estate experts agree this is well within expectations from a well-conceived project sitting in the best location with multiple revolutionary amenities adorned with beautiful interiors.Le Condé BKK1 probably is one of the best practitioners of a localized business strategy; 84% of customers are local Cambodians. Its customer base, and how Le Condé achieved such sales figures in a tough year, shows the developer’s insightful interpretation of the actual need of the local customers.Le Condé was designed and built to offer something different, especially now that the condo market is filled with homogenized products. For example, plenty of projects offer residential gardens but only a few are designed to shade an area as wide as Le Condé’s measuring 800 sqm. This is a very identifiable example of Le Condé’s pragmatic development philosophy: To develop based on the what property seekers in Cambodia need.For Le Condé, the best reward for their continuous effort to create a landmark project in the center of Phnom Penh are the endless streams of customers expressing a keen interest in seeing what it has to offer. To this day, Le Condé sales gallery is still the primary place to visit for those who want to see what a modern home in Phnom Penh should be.To greet the new year Le Condé is launching a series of promotions to express its gratitude to Cambodia’s property market. If you’re looking for a new home in this new year, Le Condé will be offering exclusive sales packages that are right for you!

Realestate.com.kh Market Trends is designed to give property developers, investors, and buyers a bird's eye view of Phnom Penh's real estate market. Supplied.The Kingdom’s construction and property sectors have been on a slump for most of 2020. The usual foreign clientele, looking to develop and/or buy luxury properties for more attractive costs, have dwindled in the past year causing high-end projects to stall, drop prices, and even rethink marketing strategies. The outbreak of COVID-19 has certainly stymied the flow of foreign direct investments resulting in the slowdown of real estate activity. Cambodia’s property sector is still not out of the woods almost a year later. According to Realestate.com.kh’s Market Trends, median sale prices for residential properties in Phnom Penh ended the year with up to 30% lower median sale prices.Key highlights of the sale price trend in Phnom Penh: November 28 incident applied additional pressure on the property marketDaun Penh, Chamkarmon, Chroy Changvar, and Toul Kork apartment/condo median sale prices down by as much as 30%Meanchey, 7 Makara, and Por Sen Chey, apartment/condo median sale prices down by up to 11%The new cluster of cases may apply an extended period of market pressuresPrices displayed on Market Trends are median sale prices found across Phnom Penh and are designed as a guide to navigate price ranges. Realestate.com.kh is advising interested buyers to visit the condominiums for sale in Phnom Penh page for the specific price of projects they may be interested in.Daun Penh’s median condo sale price across bedroom types was recorded at $269,000 in November 2020. This went down by 20% to $215,000 the following December 2020. Neighboring Chamkarmon was hit the hardest with a 30% decrease in median condo sale price from $270,000 in November to $188,500 the following December.Toul Kork and Chroy Changvar also felt the pressure as their median sale prices decreased by 22% and 26%, respectively. Toul Kork’s median sale price went down from $450,000 to $350,000 while Chroy Changvar saw median sale prices drop from $230,000 to $170,000.The districts of Meanchey, 7 Makara, and Por Sen Chey saw relatively smaller downturns in median sale prices. Properties in Meanchey saw an 11% decrease in median sale price from $250,000 to $222,500. Neighboring Por Sen Chey saw an 8% decrease in median sale price from $152,500 to $140,000. The urban area of 7 Makara saw a more moderate downturn of 7% with median prices coming down from $147,340 to $139,00.Phnom Penh's property market remains in a state where buyers can get good deals. Photo: Ratana Plaza Top Apartment in Sen Sok. Supplied.The considerable drop in median condo sale prices can be attributed to the first local COVID-19 transmission last November 28. Cambodia only had less than 300 confirmed cases prior to the incident. Cases from then grew to 365 with 362 reportedly recovered as of posting. In a report by the Khmer Times, Prime Minister Hun Sen declared that the November 28 incident has ended with health authorities effectively tracing and placing persons of interest under quarantine.The November 28 incident caused a new round of scares as local transmissions pose a large threat to economic recovery. The confidence built over the past months of cases trickling in was shaken almost overnight as more people chose to stay home in the weeks following the incident. Some companies, including businesses in real estate, have begun working from home once again.A new round of recent cases stemming from migrant workers returning now number at 21, putting confirmed cases at a total of 386 as of January 8, 2021. Tracing and quarantine of this new cluster are still on-going and we may expect persistent pressure until health authorities take control.Last December 31, the National Bank of Cambodia released a forecast that the nation’s economy would grow by 4%. The report attributes the expected growth to a strong financial sector with the construction and property sectors expected to see renewed activity in line with the entry of foreign direct investments, revenue recovery, and the overall economic growth to follow. Though experts caution that without a working vaccine in circulation, prospects for growth are susceptible to further market disruptions.Cambodia is marking close to a year of living with the threat of COVID-19. Though the Kingdom is fortunate to have no COVID-19 related deaths, the economic toll on its people has been severe. On the other hand, the time spent with the looming threat of new cases has given business owners and consumers alike a better understanding of what needs to be done to keep their businesses and well-being intact.Article by:

Large and expansive landed properties are the ideal properties to own for most Cambodians. But in the last decade, big flats in the city center have become more popular in the Kingdom’s property market. Sky Villa, the premier luxury development in Phnom Penh, is emerging with two of these realities in mind and is delivering the future of luxury living today.The premier large flat choice in Phnom PenhSky Villa is a sky garden-style mansion made up of two 35-storey twin towers, measuring a total height of 140m. It is adjoined at the top with a unique structure for a special amenity, something we’ll get to later. A beautiful vista of Phnom Penh’s growing cityscape from this new urban landmark in the capital.Sky Villa does not only stand out by height but also through its design that showcases a timeless elegance and artistic inspiration in the pursuit of a refined lifestyle. Some even say Sky Villa is more than just a residential product building, but more of a masterpiece of artistic style and luxury design.Since we’re on the topic of artistic style, it’s worth mentioning that Sky Villa was created by CY Lee, the internationally renowned Taiwanese chief architect of the iconic Taipei 101.SKY VILLA lead architect——Li ZuyuanBachelor of Architectural Engineering, National Cheng Kung University,Master of Architecture, Princeton University, USA1978 Founded Li Zuyuan Architects Office1995 Won the First Outstanding Architect Award2003-2006 Waseda University, Japan-Professor of Architectural Research Institute2008 Won the 12th National Art AwardThe Taipei 101 is iconic but not the only project under CY Lee’s belt. The Kaohsiung 85 Sky Tower (Kaohsiung 85 Sky Tower) and Chung Tai Chan Monastery (Chung Tai Chan Monastery), are a few more testaments to his talent as an architect.Sky Villa is the latest iteration of Li Zuyuan's talent and professional experience, breaking through the original artistic height of residential buildings, and is the pinnacle of luxury mansions in Phnom Penh. It has an exclusive style and extraordinary temperament in the city.Walking into this building, you will find that every grass and wood, brick and tile, and even a mouthful of air, all demonstrate health, comfort, and the pinnacle of modern luxury residences should have. An exquisite reception hall will introduce you to all these elements to create a warm sense of home. This is complemented by the abundance of large gardens, spacious terraces, and even complete sports facilities for a truly healthy and relaxing time at home. Sky Villa has an excellent location, bright space, precious materials, exquisite craftsmanship, and unique design, capturing the essence of modern life. Its interior design is seen through its magnificent welcome hall, the atrium sky is 10 meters high, and full natural lighting. The classic butterfly spiral staircase of European aristocracy can move to the mezzanine banquet hall. It is specially customized for high-standard banquets and private parties.On the 35th floor, a sky courtyard can be found that tops off of the overall design of Sky Villa. The sky courtyard creates an alluring environment for harmonious urban life.This sky courtyard is the best choice for those who want to have a private space at the top of Phnom Penh’s growing city skyline.High-end urban facilities, the leading vertical living community The city is blessed with large flatlands and low-density luxury products despite the city’s quickly developing urban lifestyle. Sky Villa's residential units all adopt high-end designs and materials, making it the premier luxury residential product across Phnom Penh.Sky Villa has 256 units and eight types of units, all of which are high-taste luxury units, ideal for individual elites and luxury families. Its large flats range from 272 square meters up to 509 square meters, easily surpassing (by a lot!) any second luxury development in the city. A good portion of this space goes to its wide living areas which is filled with natural light illuminating a magnificent scenery of a wide, comfortable, and beautiful designed home.Additionally, each unit has a ceiling height of 3.6 to 4.1 meters - a more than ideal ceiling height to keep your home cool even in the Cambodian summer months.In addition to the spacious living area, each apartment of Sky Villa has a well-designed large viewing balcony, which can be directly accessed through the glass door of the living room. This is a blank canvass on its own right where you can build a private garden, or use it as a barbecue area or a tea area.If you want to live in a busy city but still enjoy the tranquility of the suburbs, the soundproofing design of the room is particularly important. Sky Villa considers the use of double-layer sound insulation glass, which can effectively block 90% of noise in adjacent rooms and hallways.Given that Phnom Penh is in the tropics turning on the air conditioner with the doors and windows closed for a long time will cause the indoor air to be very dry. Sky Villa avoids this inconvenience by using independent central air-conditioning, effectively facilitating a proper circulation of indoor and outdoor air for better quality.Each apartment type in Sky Villa is designed with more than 2 rooms. Both the master bedroom and the second bedroom have a large space emphasizing on comfort. The bedroom easily accommodates more than 1 large bed of more than 2 meters. These also have a dressing room and cloakroom with no space spared for the type of resident Sky Villa is meant for.The toilet is designed with a separate wet and dry partition for an organized layout. The master bathroom is equipped with a bathtub. The bathroom products are all made of Hansgrohe and Duravit brands, which are beautiful, durable, and easy to clean.The storage cabinets in the bathroom are all suspended and fully enclosed, moisture-proof and dust-proof, and not easy to be messy. The invisible handles ensure safety while maintaining a beautiful appearance. Selected bronze framed mirrors can stretch the visual effect and make the space more open.When it comes to the kitchen, it has a double-row design layout for an optimal refrigerator position. Cabinets are neat and are adequately spaced against a table which can sit 4-6 people at the same time. Whatever the occasion may be, Sky Villa’s kitchen area can accommodate everyone in the family.Sky Villa has a four-story underground parking lot, safe passages for entrances, and 24-hour monitoring equipment to protect the house.Sky villa ensures the security of each home by adopting the three popular unlocking methods of "password + swiping card + key", and are equipped with a full-function video intercom as an additional security measure.In addition, the full-featured video intercom can also be connected with door sensor openings, infrared alarm detectors, smoke detectors and other equipment to upgrade to a security technology protection network, which plays a role in anti-theft and disaster prevention.Each apartment is equipped with an indoor escape door. You can go down the stairs from this door if the elevator cannot be used in an emergency. Sky Villa provides the greatest degree of protection for the owner's life and property safety.Dominating the city skyline and lifestyleLocation is the primary consideration for real estate purchase as it directly determines your living experience and the property’s future value - two things Sky Villa is unparalleled in Phnom Penh’s property market.It sits on the central axis of Phnom Penh City-the southern part of the Olympic Stadium in Makara District. It is adjacent to Sihanoukville Avenue and Polish Republic Avenue. The surrounding area has plenty of transportation options heading towards the many commercial hotspots in the city.Government agencies, embassies of various countries, and international financial banks, and other first-class political and commercial supporting facilities are just around the corner. There are also Olympia shopping malls, Aeon 1 shopping malls, the Russian market, and the famous central market within 3KM of radiation.Living in the city, in addition to the bustling shopping malls, sports centers, etc., are the many famous schools around Sky Villa, allowing parents to have more choices in ensuring their children’s well-being.Sky Villa stands as a testament to Phnom Penh’s future as a prime real estate destination. While the market currently struggles relative to its pre-pandemic activity, it doesn’t discount the desire of many Cambodians, especially among the elite, to realize and own a home that exemplifies the improvement of their city and their lives. The future is truly bright with Sky Villa.Interested in the true elite residence of Phnom Penh? Contact us below!

Koh Pich “Diamond Island” is a hub of many modern residential developments in Phnom Penh. Supplied.The construction and property sector of Cambodia may see a gradual recovery in 2021, says the National Bank of Cambodia. According to NBC’s report last December 21, the Kingdom’s economy is expected to grow by a positive 4% in the first half of 2021 on the back of a robust financial sector.Prior to the outbreak of COVID-19, the Kingdom of Cambodia saw an average of 7% annual economic growth from 2010 to 2019. The effects of COVID-19 in the country were forecasted to cause an overall economic contraction of up to 4% in 2020.NBC’s Macroeconomic and Banking Sector Outlook for 2021 reports that the financial sector’s active asset, mainly composed of the banks, continues to grow and weather the pressures caused by the global pandemic. The report adds that the inflation rate is expected to be at a manageable level of 3%.The World Bank similarly forecasts Cambodia’s economy to grow by 4%. The Asian Development Bank (ADB) is more optimistic about Cambodia’s growth forecasting it to be 5.8% in 2021. But cautions that growth may still be at risk if slowdowns in affected economic sectors persist throughout the year.According to a Khmer Times report, NBC’s report echoes these concerns saying, “The prediction depends solely on the efficacy of the vaccines, the speed in the recovery of Cambodia’s economic partners, and the strengthening of our domestic economic foundation.”The tourism and garment sectors felt the immediate brunt of the pressure while the construction and real estate sectors followed as the pandemic persisted in 2020, according to the report.The report adds that the construction and real estate sectors are expected to see renewed activity in line with the entry of foreign direct investments, revenue recovery, and the overall economic growth to follow.Economic watchdogs and monitoring groups are, across-the-board, optimistic about the Kingdom’s gradual recovery in 2021. A few key developers have also expressed the same positive outlook for Cambodia’s construction and property market.Article by:

Why smart investors prefer to buy new-build units through FazWazBuying a new build home is one of the biggest decisions you may make in your life - and it's not something you can undo again if you get it wrong! New developments can be confusing to first time buyers, leaving the buyer subject to pressure from the developer, misrepresenting agents, and pushed into investment decisions they later regret. Financing for many new build projects in Cambodia can also prove to be a major issue for buyers who have not fully understood the loan terms and conditions.Luckily, FazWaz Cambodia’s launch in 2020 has allowed a true partner for Cambodian real estate buyers - from the start of your property search, until the final handover.FazWaz represents their buyers first and foremost, and guarantees to offer independent and genuine advice on the benefits and risks of project investments. FazWaz can offer the best possible prices on new project units, free and independent legal advice and opinion, and guarantee the most effortless and safe buying experience possible - whether you are online buying from overseas, or locally based looking to see a range of projects within your target budget and needs.Read on to find out the key reasons why more and more savvy investors are taking the first step in contacting FazWaz to consult on new home investment opportunities in Phnom Penh, Siem Reap, and Sihanoukville.The best possible prices!FazWaz works closely with the nation's most reputable and investment-worthy projects in order to provide our buyers with the best possible discounts, unit options, promotions, and payment terms. Because of this close relationship and a history of strong sales results, we also have maximum negotiating power for our buyers with even the most in-demand projects. We guarantee to get you the best possible deals, and discounts on listed rates as much as 30% less than asking prices.The best possible projects!At FazWaz, we only want to show you the best projects in the market. If it's a hot deal or a prime unit, you can be sure that FazWaz will present it to you - given it falls in line with your budget, preferred location, and ultimate desires in buying a new property. At FazWaz we understand each developer's pros and cons clearly, and offer this advice to buyers before they make any final decisions. But if it's a dangerous investment or any misrepresentation is possible, we won't offer this option to our buyers at all.Real advice, from industry insiders!At FazWaz, our agents know the new-build market conditions like the back of their hands. We give real advice on investment opportunities and are not shy to be direct to buyers if we think they are making a poor decision. We look to create long-term relationships with our buyers that do not end after the first sale. We will be a part of your investment journey from day one until the final handover, and ready to support you in any way possible. Your success in investment defines our success as an agency, and our agents' thorough advice is our honor.Legal advice and assistance, before signing anything!At FazWaz, we understand that buying a new development project creates a lot of unknowns and uncertainties for most buyers. You are purchasing something you often cannot see yet, at a future value you have to imagine. That is why we have the best agency legal team in Cambodia, and the most well-versed agents in the market to advise our house hunters. We work hard to ensure our clients get the best possible agreements in place and distance ourselves from developers that do not have the best interest of property buyers front-and-center.These are just a few of the reasons why FazWaz Cambodia is the agency of choice for new build investors in Cambodia.Recommended properties by FazWaz Property Advisors:Le Condé BKK1: https://www.realestate.com.kh/new-developments/le-conde-bkk1/Phnom Penh Galaxy Garden: https://www.realestate.com.kh/new-developments/phnom-penh-galaxy-garden/Vue Aston: https://www.realestate.com.kh/new-developments/vue-aston/

Phnom Penh’s rental market remained broadly unaffected by the renewed fears caused by the country’s first local transmission. According to Realestate.com.kh’s Market Trends, recorded apartments for rent in Phnom Penh are showing consistent median rental prices across the spectrum.Key highlights of properties for rent in Phnom Penh:1-bedroom apartments’ median rental price remains unchanged at $6002-bedroom apartments’ median rental price saw a 5% decrease to $9003-bedroom apartments’ stabilized at a median rental price of $1,800Sen Sok offers the lowest median residential rental price in Phnom PenhMarket Trend values are median prices found across Phnom Penh and are designed as a guide to navigate price ranges. Realestate.com.kh advises interested buyers to visit the properties for rent in Phnom Penh page for the specific price of projects they may be interested in.Local demand played a big role in buoying the affordable and mid-range sector from economic pressures caused by the global pandemic. The 1-bedroom and 2-bedroom apartment selection Phnom Penh, in particular, experienced minimal changes for most of 2020. Though it has to be noted that the events of the November 28 incident are yet to be fully seen.Large apartments like 3-bedroom selections have had their prices fluctuate as they mainly housed expatriates. The onset of COVID-19 resulted in this market shrinking as international travel restrictions went into effect. The expatriate market will likely continue to play a smaller role relative to its pre-COVID-19 state.According to Market Trends, Sen Sok offers the lowest median rental price for condominiums at $600. Given that this is the median price, interested renters have a good chance of finding cheaper accommodations within the fast-developing district.Cambodia’s first local transmission reignited scares of new economic pressures. Fortunately, health authorities have been quick to control the local outbreak and consequently stemming renewed fears from immediately affecting market confidence.The government recently announced a stamp duty tax exemption deadline extension for property worth less than US$70,000. The new deadline has been set to December 2021 and was made to encourage developers to offer more attractive prices to property buyers.Overall, Cambodia’s real estate sector is still suffering a slump due to the limited number of foreign investments. The recent COVID-19 cases have shown that the country is still vulnerable to outbreaks. And without a working vaccine in commercial circulation, it may take additional time for the property market to recover to pre-pandemic levels.Article by:

Oxley Gem (Cambodia) Co., Ltd. has entered into a Memorandum of Understanding with Bluebell Trading Pte. Ltd. to engage Bluebell as the manager of the retail mall of the landmark development, the Peak, in the heart of Phnom Penh, Cambodia.Bluebell Group has been a leader in Asian retail for over 60 years. Operating 150 global luxury and lifestyle brands across Asia in both the domestic and travel retail sectors, across product categories, the Group's experience in brand management will ensure the expertise required to conceive a mall that will appeal to today’s consumer. Bluebell’s vision for the project is around ‘harmonised retail’, seamlessly integrating the consumer journey physically, digitally, through nomadic concepts and fully dedicated customer service to engage at a high level of retail excellence; together with the curation of brands necessary to attract both the domestic and the duty-free shoppers - with a mix of luxury, lifestyle, fast fashion, F&B brands, and experiential concepts. Bluebell Group CEO, Ashley Micklewright has expressed his delight in the partnership, “The core of our business, as a brand curator and operator, is understanding when, where, how, and what our customers want. Having brought in key global brands into Asia and managed them for over six decades across ten markets, we are delighted to partner with Oxley-Worldbridge in Cambodia, and look forward to delivering one of Asia’s new destination malls.”About Bluebell Group: Bluebell Group has pioneered building successful brands in Asia since 1954. As Asia’s partner of choice, Bluebell Group is present in Japan, South Korea, Mainland China, Hong Kong SAR, Taiwan, Macau SAR, Singapore, Malaysia, Indonesia, and Thailand.The Group’s distribution network includes flagship stores, shop-in-shops, counters, its own multi-brand concepts, as well as a highly selective wholesale network, together with both direct e-commerce and marketplaces, covering both domestic and Travel Retail.The Group operates across multiple product categories: Accessories, Footwear, Apparel, Fragrance, Beauty, Gourmet, Jewellery, Watches, Eyewear, and Tobacco.A family-owned group, Bluebell Group today has over 4,000 employees, 1,000 points-of-sale, US$2.5b in turnover.

OXLEY HOLDINGS LIMITED(Incorporated in the Republic of Singapore under Registration No. 201005812G)CHANGE OF RETAIL MANAGER OF THE RETAIL MALL AT THE PEAK, CAMBODIAThe Board of Directors of Oxley Holdings Limited (the “Company”, and together with its subsidiaries, the “Group”) wishes to inform that the agreement entered into between the Company and its subsidiary, Oxley Gem (Cambodia) Co., Ltd ("OXG"), with CapitaLand Retail Management Pte Ltd (" CapitaLand Retail"), pursuant to which CapitaLand Retail was appointed to manage the retail mall at the Group’s integrated development, The Peak, in Phnom Penh, Cambodia ("Retail Mall'), was terminated amicably by mutual agreement on 10 October 2020.CapitaLand Retail and the Company have entered into a services agreement whereby CapitaLand Retail shall (i) provide advisory services in relation to the marketing and operations of the Retail Mall until 31 December 2020, and (ii) act as one of the leasing agents until 31 December 2020 or such extended period at CapitaLand Retail's option.The Company and OXG would like to thank CapitaLand Retail for its mall management expertise over the course of the collaboration, which has been of substantial assistance to OXG in the course of the construction of the Retail Mall.Oxley-Worldbridgeland Asset Management (Cambodia) Co., Ltd., a subsidiary of the Company, which is the asset manager of the Retail Mall, has entered into a memorandum of understanding with Bluebell Trading Pte Ltd. ("Bluebell"), as OXAM has been in definitive discussions to engage Bluebell as manager of the Retail Mall.Bluebell Trading Pte Ltd. is part of the Bluebell Group, which is a pioneer in the luxury industry in Asia since 1954 and has been introducing the world's leading luxury brands to the region ever since. Operating 150 global luxury and lifestyle brands across Asia in both the domestic and travel retail sectors, across product categories, Bluebell Group's experience in brand management will ensure the expertise required to conceive a mall that will appeal to today’s consumer. The Company believes that Bluebell has the necessary experience and capabilities to spearhead the successful official opening of the Retail Mall and to take the Retail Mall to landmark status in the heart of Phnom Penh.By Order of the BoardChing Chiat Kwong Executive Chairman and CEO [] December 2020