The year 2020 has been a tough year for Phnom Penh’s property sector, particularly in the high-end spectrum of the market. And with a return of the scare due to Cambodia’s first COVID-19 community infection, the pressure may be kept for longer than initially anticipated.Key highlights of the sale price trend in Phnom Penh:3-bedroom apartments see a 7% increase in the median sale price ~$300,0002-bedroom apartments faced a 5% downward pressure from September1-bedroom apartments saw a significant decrease of 20% median sale priceDangkao, 7 Makara, and Por Sen Chey off lowest median sale price among Phnom Penh districtsMarket 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 condominiums for sale in Phnom Penh page for the specific price of projects they may be interested in.2-bedrooms and 1-bedroom condominium prices in Phnom Penh have seen a noteworthy decrease in median sale price. 2-bedroom homes only saw a minor adjustment of 5%, bringing median prices down to ~$170,000. 1-bedroom condominium prices, however, saw a more significant decrease of almost 19% putting median prices down to ~$85,000.Data recorded throughout November showed a returning interest and confidence in the high-end of the condominium market. Prior to the November 28 incident, confirmed cases have been kept to a minimum as authorities have done relatively well in containing further infections. As a result of these measures, Google’s Mobility Index report in early November recorded a gradual return of foot traffic in Phnom Penh’s retail and entertainment destinations.The full effects of the November 28 incident are yet to be reflected on Market Trends particularly on 3-bedroom condominiums in Phnom Penh. Though it can already be seen that the confidence gained over the course of 2020 is shaken. Google Mobility Index’s report in early December showed as much as a 39% decrease in foot traffic to retail and entertainment destinations in the weeks following the incident. Google’s report, overall, showed more people choosing to stay at home for most of December.Cambodian businesses, including the property sector, will likely have to deal with an extended period of reaching out to consumers in their homes.Online property sales continue in CambodiaThe importance of online marketing and marketplaces are once again emphasized as more people are choosing to limit their time outside. Online marketing events make it easy for both buyers and sellers to connect throughout an extended period of self-quarantines and other general public precautions.Realestate.com.kh’s Online Year-End Property Sale 2020 is one such on-going property sale event offering exclusive discounts on over 20 developments in Cambodia. The online event has so far sold properties in Phnom Penh and Siem Reap throughout December - all the while safeguarding developers, agents, and buyers alike from unnecessary exposure outdoors.Registration is free for the event but discounted units are limited. Realestate.com.kh is inviting all interested buyers to register today!Article by:

The Skyline Apartments immediately draws attention from anyone passing through Abdul Carime in Chamkarmon district. Photo by The Room Design Studio.Phnom Penh’s urban transformation is seeing itself become a hotpot of many new architectural feats. The Room Design Studio, an international architecture & interior design firm, is one such company that has established itself in Cambodia’s fast-paced property market.The Room Design Studio was founded in Cambodia in 2008 - a time when the country’s property market was about to take off. They cover residential, commercial, and hospitality projects specifically made for communities or even large infrastructure schemes. The Room Design Studio pursues these designs through cutting-edge architecture influenced by a sustainable design that incorporates the local vernacular.Identity through architectureAn iconic brand such as BMW requires a showroom that emphasizes its world-renowned autos. Photo by The Room Design Studio.Architecture, as a discipline, derives itself from the needs of its intended inhabitants. The Room Design Studio adheres to this as an operating principle for its Cambodian designs. The Kingdom of Cambodia provides a vibrant set, known for its natural beauty, rich heritage, and the warmth of its people offers a wealth of inspiration for The Room’s architects committed to creating innovative solutions that leave visual landmarks across Cambodia’s fast-transforming urbanscape.The Room Design Studio, with over 10 years of experience, has built an understanding of the local culture and history clearly seen in its designs. As a result, a solid local identity through the commercial and residential spectrums of the property market can be seen through the Room’s design portfolio.Meaningful interior designHumanitarian aid and development translate through UNICEF Cambodia's interior design. Photo by The Room Design Studio.Any design revolves around the needs of its intended inhabitants. The Room Design Studio recognizes this as the core of any architectural endeavor. Blending functionality and aesthetics creates a space that goes well beyond putting a roof over someone’s head; they can shape the stories and create meaningful experiences for its inhabitants.The Room Design collaborates and supports local artists, artisans, and locally procures supplies for its many exciting projects. Through its local partnerships, The Room’s portfolio not only supports local brands but also captures the values of a modernizing Cambodia.Inception to completion by expertsThe Room Design Studio is made up of experts in interior design and project management. Photo by The Room Design Studio.The Room Design Studio goes well beyond designing iconic buildings. The early stages of its projects involve reviewing and revising building plans to meet design standards as well as keeping with appropriate regulations - including proper permits, contracting contractors, and optimizing time-cost estimates. Project management plays an important role in establishing a brand and creating meaningful spaces. The Room’s in-depth local knowledge, built over the years of its operation, and employment of key expertise, help ensure delivery from inception to completion.POPULAR PROJECTS by THE ROOM DESIGNThe One ResortRegus Office Exchange SquareSkyline ApartmentsTK Office BuildingUNICEF CambodiaBMW Phnom PenhHongKong Land Phnom Penh

Phnom Penh consumers will be treated to a litany of new shopping destinations come 2021-2023. Photo by Khmer Times.The Kingdom’s shopping scene hit another speed bump as the country grapples with a renewed series of COVID-19 cases. While the year 2020 has dampened an otherwise lively shopping sector, the next few years (2021-2023) should give Cambodian consumers a lot to look forward to.The Mall Company, a retail specialist in Cambodia, recently released a report providing insight and analysis into the current and future retail landscape in Meanchey and Chbar Ampov. You can check this guide on shopping malls in Phnom Penh for currently operating malls.Upcoming shopping hotspots: Meanchey and Chbar AmpovRetail property owners, entrepreneurs, and keen shoppers would be aware that Phnom Penh’s shopping landscape will be seeing a major uplift soon enough. According to a report by The Mall Company, the Chip Mong MegaMall, AEON Mall 3, PH Diamond Mall, and PH Eco Mall are the largest projects rising in Meanchey and Chbar Ampov - expected from Q4 2021 to 2023.While shopping malls are certainly exciting, community malls such as Boueng Snor Food Village and WB Arena are part of the mix, adding variety to Phnom Penh’s outdoor dining and retail scene.Meanchey, the south’s modern shopping districtAEON Mall 3 is the elephant in the room when it comes to big upcoming malls in Phnom Penh. Image courtesy of Cambodia Properties.Khan Meanchey is an expansive area south/southwest of Phnom Penh measuring 43.8km square km in the capital’s southeast. This makes Meanchey one of the largest districts being home to almost 300,000 residents, also making it one of the most populated in Phnom Penh. According to The Mall Company report, Meanchey’s currently operational modern retail space is measured at 6,683 sqm or only 2% of the total modern retail supply. As of December 2020, a total of 174,578 sqm of modern retail supply is under development in the district. The report suggests that should all modern retail projects complete as expected, Meanchey’s contribution to the total modern retail supply in Phnom Penh will swell to 18% by 2025.The urban areas of Khan Meanchey, especially along main roads, reveals a gap in the market for well-positioned, modern community malls. This presents an opportunity to capitalize on the convenience offered by modern community mall formats, made more attractive by easy access for the large demographic.Image render of the upcoming Chip Mong 271 Megamall. Image courtesy of Chip Mong Group.The report suggests that the large scale retail developments within Boueng Tumpun and Chak Angre will drive further residential and population growth in the district. But with COVID-19 currently dampening demand, supply may outstrip demand resulting in a tenant-led market creating an opportunity for retail occupiers to negotiate favorable lease conditions. “For mall developers, flexible leasing strategies are required as well as creative trade zone use, clearly identifiable mall concepts, and looking beyond Cambodia to attract new brands with particular attention to attracting key anchor tenants,” noted Simon Griffiths, Managing Director of The Mall Company.Despite the current struggles of the retail market, The Mall Company’s report cites Sen Sok’s boom as an example of the growth a district may see following a massive commercial project (such as AEON Mall 2). With AEON Mall 3 right around the corner, Meanchey’s property market will likely have its own development boom.Chbar Ampov, a satellite shopping cityImage render of the upcoming Boeung Snor Food Village in Chbar Ampov. Photo courtesy of The Mall Company.Chbar Ampov is a fast-developing district in the southeast of Phnom Penh. Though the district is known for its natural beauty, the area is filled with major modern developments in its pipeline. Both local and international developers are taking advantage of the pristine environment through modern technology and recognition of its future market potential.According to the Mall Company report, Chbar Ampov’s currently operational retail space is measured at 8,122 sqm or only 2% of the city’s total modern retail supply. As of December 2020, the district has 63,723 sqm of modern retail supply in development. The district’s contribution to the total modern retail supply in Phnom Penh will increase to 6% by 2025, provided projects are completed as scheduled.Modern retail supply in Chbar Ampov as of today heavily focuses on food & beverage and convenience with over 85% of supply dedicated to these uses, according to the Mall Company’s report. This provides an opportunity and a gap in the market for main-stream fashion, services, and entertainment to enter the location and capitalize on the strength of the demographic.Koh Norea in Chbar Ampov will soon directly be connected to Koh Pich. Photo by KT/ Khem Sovannara.The Nirouth subdistrict of Chbar Ampov will also become a highlight of the district given it is the site of the upcoming Koh Norea Island City developed by the Overseas Cambodian Investment Corporation (OCIC). Nirouth is also where the bridge connecting Koh Pich and Chbar Ampov will be located, adding another bridge to access the district.Article by:

Retailers may need to go back to the drawing board to attract foot traffic and build confidence. Photo by K/T Pann Rachana.Retail and entertainment foot traffic dropped by 25% on November 29-Dec1, according to Google’s Mobility Tracker. Considered to be the country’s first community infection, the new case forced an abrupt halt to an otherwise popular event to reignite the country’s consumer and retail markets.Prior to the Nov-28 incident, Google’s Mobility Tracker recorded Cambodian foot traffic gradually returning to retail and entertainment destinations. October 2020 recorded a 15% decrease in foot traffic from the baseline. This was followed in November by as low as -6% foot traffic, with Nov 27-28 further minimizing the gap with a 4% mark below the traffic baseline.Google’s Mobility Data suggested a trend from more consumers in Cambodia visiting retail and entertainment destinations once again - a market trend built up from almost a year of being limited to where one can go and from the country’s own effective handling of the virus so far.According to a report by the Khmer Times, over 11,000 people who were linked to the November 28 incident have undergone COVID-19 testing. As of December 7, a total of 32 new cases from the community infection were found bringing the cumulative number of cases in Cambodia to 348.Health authorities are currently conducting contact tracing and verifying the identities of “patient zero”, believed to be the source of Cambodia’s first community infection.A long way to recoveryAEON Mall 1 reopened on Dec. 2 following its closure a few days prior. Photo by K/T Siv Channa.AEON Mall 1 was allowed to reopen last December 2 following an immediate order to close off last November 28. However, the mall was not as crowded given that it was the most public area the community case visited.The new COVID-19 case, found in a popular retail mall, brings retail landlords back to the drawing board of keeping their retailers’ lifeline and attracting foot traffic once again.“The situation is concerning,” said Simon Griffiths, the Managing Director of The Mall Company, a retail specialist in Cambodia. “There is the potential for wider implications than previous cases.”Simon previously hoped December to be a positive month for retailers to improve sales considering the cooler weather favors outdoor dining and retail activity in general, but now laments that “This is no longer the reality. The sector must be patient, follow guidance but remember there is light at the end of the tunnel”“As of the situation today, store sales and revenues for at least the 1st half of December will likely drop and negatively impact retailers” he notes and that a good December was needed for an already impacted retail sector.“The end is in sight, we’ve hit a speed bump and currently we don’t know what the full effect of the impact will be. The sector has struggled but can rebound with a pragmatic, sensible, and safe approach” Simon remarked.A new round of precautions and restrictions on large public gatherings have been implemented as new community cases are found. The November 28 incident serves as a reminder that the road to recovery remains a long journey that is not over.Article by:

The Online Year-End Property Sale 2020 is still on-going. These projects are offering the biggest discounts from today until December 31, 2020. Registration is free, sign-up to get a big discount on your dream home today!LE CONDE BKK1Le Condé BKK1 is the biggest landmark smart home condominium in the hot location of BKK1.Starting price of $88,800  (discount up to 23%)Discount only available via Online Year-End Property Sale 202030 months installment with 0% interest All units are fully furnished and equipped with Xiaomi Smart Home SystemManaged by HOPETREE, Japanese property managementThe first Condominium providing 5-star service for the residents (2 years of cleaning service, car wash, etc)"AGILE SKY RESIDENCEAgile Sky Residence is a prime luxury development with good returns located along Preah Monivong Blvd.Starting price from $82,210 (discount up to 23%)Discount only available via Online Year-End Property Sale 2020Premium 44-storeys condominium located on Monivong BlvdFlexible payment options available with 0% interest rateEnjoy Guaranteed Rental Returns of 8% per yearLocated in the center of Phnom Penh on one of the main boulevardsROSE APPLE SQUARERose Apple Square is the first community-focused development in the heart of Siem ReapPay as low as $3xx/month to own this sophisticated condominiumStarting price $75,580Receive up to 20% discount for a limited time onlyDiscount only available via Online Year-End Property Sale 2020Comprised of Residences, Offices, Forum and CommunePrime location: a few minutes away from Heritage WalkRATANA PLAZA TOP APARTMENTRatana Plaza Top Apartment is a new development focused on providing quality apartments and good investment returns.Starting price $42,029 (Inclusion up to 30%)Discount only available via Online Year-End Property Sale 2020Located in the popular district of Sen SokDeveloper financing available with 0% interestTo be completed end of 2020Easy to lease out and to resellOnly 9 minutes away from Aeon 2Interested in these properties or perhaps would like to see more? Visit the Online Year-End Property Sale 2020 for 20 other projects along with 200+ resale properties - all offered under market value!

Property investment opportunities are now available to Cambodians via API Global and Leander Group. Photo by Eva Dang.Ever wanted to invest and own property in the United Kingdom? API Global together with Leander Group is entering the Cambodian property market with that exact offer!API Global and Leander GroupAPI Global is a UK-based property specialist providing tailor-made investment solutions for the specific needs of its clients. API Global focuses on working with leading and reputable developments to ensure the safety of the investments they offer. API Global’s diligence similarly applies to securing capital growth by their team of professionals sifting through vast markets for the best possible opportunities.Leander Group, a private investment group founded in Hong Kong in 2016, is a successful investment boutique with expertise in land acquisition and developments, as well as providing property investment opportunities in both the United Kingdom and the wider Asia-Pacific region.In the United Kingdom, Leander Group is involved in more than £100 million in gross domestic value (GDV) of projects in London and Cambridge. Leander Group recently raised more than £50 million for the UK property market across 10 projects. Additionally, Leander Group’s offering is currently exempt from the Stamp Duty Land Tax (SLDT) until March 2021.In Asia-Pacific, Leander Group’s current endeavours in Cambodia can be seen in its Kampot and Siem Reap projects amounting to over $200 million GDV. These cover lands allotted to mainly large-scale residential projects - a sign of Cambodia’s continuing property boom extending to the rest of the Kingdom.API Global and Leander Group’s partnership is currently offering Cambodian buyers a premium investment service that takes care of the whole overseas investment process. Simultaneously, the partnership is granting investors in Cambodia the opportunity to purchase property in Birmingham, United Kingdom: The APEX Lofts.APEX LoftsAPEX Lofts is a stand-out development in the middle of exciting infrastructure projects soon coming to the city. It has been designed with a core focus on meeting occupier demands through architectural innovation, pioneering new urban integrations, and providing exceptional specifications.APEX Lofts offer a selection of well-designed one-bedroom, two-bedroom, and duplex apartments arranged over nine levels, providing stunning views over Birmingham’s iconic skyline. A hallmark of the industrial heritage of the area, the “Saw Tooth” roof, a quite literal cutting edge feature incorporated into the APEX Loft design.APEX Loft units are delivered with fully fitted kitchens and bathrooms, complete with high-end branded appliances. The interiors at APEX Lofts take influence from contemporary aesthetics. The introduction of bi-fold windows and strategically positioned skylights allow for bright and airy rooms. Enhancing the use of space and natural light, these are high-specification apartments designed to suit a busy modern lifestyle.Property highlights:1 bedroom, 2 bedrooms, duplex, and sky loft units availableCompletion Q3 2021Furniture packsLegal, mortgage, and tax advisory servicesFacilities offered in the development include undercroft parking, cycle store, residents gym, and rooftop garden.Digbeth itself, the area where APEX Lofts is located, has been earmarked as the main residential growth area of the city and will be 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 at 49 mins. Additionally, it is expected to attract an estimated £1.5bn of new investment and generate 22,000 jobs in the region.Birmingham City, considered the 2nd largest city next to London itself, is a leading business destination with a regional economy of over £90 billion. This surge in business interest is helped by the relocation of Deutsche Bank and HSBC bringing in affluent professionals with plenty to spend in a growing metropolitan city.But big business isn’t the only driving force within the city. Birmingham is home to a largely young demographic, no small thanks to the presence of 5 universities with over 73,000 UK and overseas students choosing Birmingham as their place to study and build careers. This movement has given the city a thriving and ever-growing market for property developers and investors looking long-term.

Property developers and seekers alike look to Sen Sok as the prime development hub for the next few years. SuppliedAccording to Realestate.com.kh’s Market Trends report, the median sale price for Sen Sok apartment/condo properties is recorded at 138,000 USD while Meanchey is recorded at 115,000 USD. These two districts offer the lowest median sale price for condos in October-November 2020.The districts of Sen Sok and Meanchey are seeing its vast lands become a staging ground for sprawling boreys, high-rise condos, and multi-level shopping malls, such as AEON Mall 2 and the upcoming AEON Mall 3. This is a result of Phnom Penh’s rapid urbanization pushing many developers to look outward for new development opportunities. Khan Sen Sok, in particular, is fast-developing with quality condominiums surrounded by a growing number of urban comforts close to that of Daun Penh and 7 Makara, for a much lower asking price. City Gem, a new condominium development close to AEON Mall 2, is currently offering its residential units (up to 39sqm) for as low as 36,000 USD. More high-class condos in the area, such as the Phnom Penh Galaxy Garden, has residential units (up to 80sqm) that can be had for as low as 66,000 USD.Property developers and investors alike expect the Sen Sok district to see its land/property values rise as more borey and condo projects are announced and finished within the next few years.Khan Meanchey, Phnom Penh’s southern district, is seeing interest from condo developers as of late. The district is primarily a suburban area mainly populated by shophouses and a growing number of boreys. Urban Village Phase I is one such project pioneering Meanchey district as a condominium destination. It has units measuring up to 67sqm for as low as 80,000 USD.Sen Sok's land value continues to appreciate as more developers express interest in the district. Supplied.The announcement of AEON Mall 3 and the groundbreaking of several luxury mixed-use developments from international developer R&F, have attracted a flurry of interest from other developers as of late 2020 - a similar trend that preceded Sen Sok’s rapid urbanization.Russey Keo, the district adjacent to Sen Sok, is home to modern projects for a significantly less asking price. The Hexa, a mid-tier condominium, is the most popular of these developments with units measuring up to 64sqm and an asking price as low as 44,000 USD.Realestate.com.kh’s Online Property Sale 2020 is currently on-going until December 31, 2020. Over 20 property development across Cambodia are offering buyers the opportunity to buy their dream condominium or borey at discounts of up to 40%. Registration for the event is free.Article by:

Ever dreamed of owning property in the best areas in Cambodia? Then you’re in for a great deal tomorrow!ONLY 1 DAY LEFT - Starting November 27 to December 31, 2020, the Online Year-End Property Sale 2020 will feature Cambodia’s established and most sought-after properties from Siem Reap, Sihanoukville, and Phnom Penh. And they’re offering you up to 40% exclusive discount in this 1-month long sales event.The property market is already seeing initial signs of recovery, which means the window to buy property at significantly more attractive prices might be drawing to a close. The Online Year-End Property Sale 2020 is your chance to get a big discount before prices surge again!How to join the Online Property Sale 2020Register today to get discounts starting November 27 via the event website:https://www.yearendpropertysale.realestate.com.kh/Similar to the Black Friday Property Sale 2020 held last June, which generated over $15,000,000 in property sales, this Online Year-End Property Sales event is meant for property seekers and other investors to secure real estate discounts within the comfort and safety of their homes. The event also allows developers to deliver the right home at a time when more people are interested in the country’s property offerings.How to get a discountYou can secure your property discounts with a fully-refundable reservation fee of $500. This amount will also be deducted from the final sale price once the deal is closed! If you reserved property during the online event, Realestate.com.kh will contact you within 7 working days to assist you with the exclusive discount on the property you want.Online Year-End Property Sale 2020 partner projects:Arata Garden ResidencesGarden OneThe HexaCity GemWon MajesticPhnom Penh Galaxy GardenKH LandLeedon HeightsBorey UptownLa Palm ResidencesArakawa ResidenceRose Apple SquareAgile Sky ResidenceRoyal SkylandLe Condé BKK1Vue AstonRatana Plaza Top ApartmentPrince Happiness PlazaSky VillaStardream Lake Tourism TownThe Online Year-End Property Sale 2020 is your chance to get a good deal on your dream home. Not yet registered? Register now!

Did you know happiness just costs 8 USD a day? Property seekers all over Cambodia have been hearing the news and are rightfully wondering: How is this possible?The Prince Happiness Plaza is taking the property market by storm by offering luxury living for as low as 8 USD a day! How, do you ask? Let’s find out!Brand real estate investmentPrince Happiness Plaza is developed by the Prince Real Estate Group, a leader in Cambodia’s real estate scene. This developer is known for its wide selection of luxury projects all over the Kingdom, all managed by experienced professionals. The Prince Real Estate Group has investments in hotels & resorts that holistically integrate and provide for the local communities and staff that supply and man its properties.The Prince Real Estate Group is a perfect example of brand real estate investment that inspires confidence and affords residents and other investors a sense of long-term security they so rightly deserve.At the vanguard of Phnom Penh’s growthThe Prince Happiness Plaza itself is located at the southern tip of Monivong Boulevard. Being located along the thriving Monivong Boulevard, the Prince Happiness Plaza stands the precipice of many commercial and residential developments soon to rise in the Meanchey district, chief of which is the AEON Mall 3, the biggest mall in Cambodia expected to open in 2023.Monivong Boulevard additionally serves as the main artery connecting the quaint but busy tourist area of Chamkarmon, runs through the highly commercial area of Boeung Keng Kang 1 (BKK1), and leads to the central business district of Daun Penh.With Prince Happiness Plaza, the future right at your doorstep.Cultural and education hubThe Prince Happiness Plaza recognizes the family as a source of happiness for many property seekers. And with Cambodia’s booming economy, it’s only natural for buyers to look at the nearby schools and educational institutions nearby.International schools such as the International School of Phnom Penh (ISPP), the Paragon International School, the Royal University of Law and Economics (RULE), and other prestigious schools are well within a few minutes’ drive. You can see a full list of schools in Phnom Penh here.The Prince Happiness Plaza is a place of long-term financial growth. But more important, it is a place where your children can grow to achieve the best for themselves.Shopping mall galoreCambodia has come a long way from its rural past. Both local entrepreneurs and international brands are looking to gain a foothold in the increasingly sophisticated Cambodian consumer market. This has paved the way for malls to many foreign and local mall brands to open.The Prince Happiness Plaza has easy access to AEON Mall 1, AEON Mall 3 (opening in 2023) Peng Hout Mall, Chip Mong Noro Mall, and the upcoming Chip Mong 271 Megamall.The shopper in every Prince Happiness Plaza resident is guaranteed to have his/her fill!Where the roads convergeThe Prince Happiness Plaza, as mentioned earlier, is located along Monivong Boulevard. Its location towards the southern tip places the project at the convergence of Monivong Boulevard, Route 271, and Hun Sen Boulevard.Route 271 is a partial ring road stemming from the south of Phnom Penh and stretches into the western area of the city where the other major suburban projects are being developed. While Hun Sen Boulevard runs further down south where many other large developments are on-going and have been announced.If you’re the type who likes going around the city, then your happiness can found easily with the Prince Happiness Plaza.A mini business districtThe four major squares under Prince Edward enclose the capital's new business building complex. The Prince Happiness Plaza boasts a high-quality commercial atmosphere that accommodates enterprise development that’s merely a stone’s throw away from your residence.High-quality interiorsThe Prince Happiness Plaza adopts an artistic and contemporary design style. It incorporates modern residential philosophy into every detail of its decor; primarily focusing on a natural and fresh atmosphere. It’s achieved this through an international network of partners supplying the Prince Happiness Plaza with quality materials, each one being the top-choice in their fields.Luxury amenitiesGreat residences often come with great amenities. This rings true within the Prince Happiness Plaza with its impressive array of amenities that soothe any stressful day or make any holiday worth every moment. Residents get to enjoy a sky bar, infinity pool, high-end fitness club, and a whole suite of cuisines including French.These amenities are complemented by 24/7 property services. This includes a full-time butler-style service to create a warm and enjoyable living atmosphere.Whatever makes you happy, can be found right at the Prince Happiness Plaza.$8 a day for happiness!Units in the Prince Happiness Plaza can be bought for as low as $60,000. Interested buyers can make a down payment of 20% or as low as $12000.This comes down to a monthly payment from $252, or a daily payment as low as $8Interested in this property? Visit the Prince Happiness Plaza property listing here.

Gated communities, more popularly known as boreys, are a popular property choice among Cambodian buyers. Borey Uptown.Cambodia’s mortgage applications soar by 50% in Q3 of 2020, according to a report by the Cambodia Credit Bureau. The outbreak of COVID-19 significantly slowed the surge of Cambodia’s property market. But as the year draws to a close, the sector is starting to see signs of recovery mainly fueled by local demand.According to the Credit Bureau’s report, a total consumer loan balance of 9.11 billion USD was recorded as of September 2020. Around 51% or 4.6 billion USD is made up of mortgage applications followed by personal finance at 47.90% or 4.3 Billion USD. The loan balance from credit cards only made 0.58% or 52 Million USD.The report also indicated that a total of 1.27 million loan account were made by Q3 2020. Mortgage accounts occupied 10.58% or ~135,000 accounts or while personal loans made up 81.12% or 1.03 million. Credit card loan accounts were recorded at 8.30% or ~105,000 of total credit accountsCambodia’s property market saw significant slowdowns in growth largely due to COVID-19 restricting international travel and disrupting global supply chains. These hindered the usual international clientele and disrupted the construction schedule of many developments, respectively. The decrease in foreign buyers especially hit large apartment sale prices resulting in as much as 30% median sale price decrease, according to Market Trends by Realestate.com.kh.As the threat of COVID-19 persists, property developers have shifted to meeting the preferences of the local market. Affordable and Mid-Tier properties, quite popular among many local buyers, have seen sale prices largely remain stable throughout 2020, according to Market Trends by Realestate.com.kh.As mortgage applications surge in Q3 2020, Cambodia’s property market may initially see signs of recovery thanks to an increase in local interest, particularly in the Affordable and Mid-Tier property segments.Article by:

Phnom Penh’s rise as an upcoming real estate hub is attracting all sorts of new and innovative developments; products of decades worth of technological advancement. But amidst the flurry of buildings popping into the city’s growing skyline, very few compare to the technological marvels - soon to be available - in the Le Conde BKK1.Le Conde BKK1’s construction began in July 2020, making it one of the latest projects in the booming city. And as its name suggests, the project is located in the vibrant commercial district of BKK1 - a home to embassies, international schools, restaurants, and cafes, and other establishments that define one of Phnom Penh’s most vibrant districts.Le Conde itself stands at the center of this vibrant neighborhood through its iconic design, interior finishing, and of course, implementation of smart home technology.MODERN BUILDING DESIGNLe Conde’s iconic design is expected to cut above the many buildings that spring from the BKK area. Its facade, a product of meticulous planning, is made up of curved edges that flow into multiple building sections and break the mold of the many buildings surrounding it. Lush greeneries also dot the garden sections visible from the outside, adding a healthy ambiance for anyone simply looking. Le Conde BKK1 consists of 43 floors and stands over 140 meters in height and was developed by Wangfu Guoji Property Development Co., Ltd (WANGFU)QUALITY INTERIORSOf course, facades are just a part of the residential package; Le Conde’s elegant exteriors perfectly translate into its interior offerings. Its curved exteriors flow inside forming white walls that line an elegant pathway for homeowners. Gardens both line walkways and hang above to create a homey ambiance complemented by a natural feel. Glass can be found throughout Le Conde’s interiors that either stand in for walls to allow a magnificent view of the outside and fill the interiors with a healthy dose of sunlight.VIBRANT NEIGHBORHOODPhnom Penh has definitely grown from a small city into a bustling urban hub in its own right. And it shows with the kind of modern work its residents are getting into, causing an increasingly stressful life. This is where Le Conde’s residences come in by allowing residents to live in a comfortable home with plenty of conveniences right at their fingertips.Le Conde’s residential units are designed to let natural light throughout each room. Space allotment within each unit is also optimized for individuals/families to freely do whatever they want in the comfort of their homes. Rooms are expertly laid out to create a seamless and almost intuitive movement between rooms - an aspect vital to easily becoming anyone’s home.A HOME OF THE FUTURELe Conde BKK1 ties all of these conveniences together with a state-of-the-art smart home system. This home system, developed by Xiaomi Technologies, is set to be the standard for upcoming smart homes in various residential projects. This allows residents to control appliances and modify home security features according to their liking. Who knew the future of urban living would be arriving this soon in Phnom Penh?Le Conde BKK1 is a prime example of the many sorts of development you can find in Phnom Penh. While the year 2020 has been tough for most property developers, the Le Conde stands as a beacon of a great property market soon rising in the city. Are you ready to live in the next generation of city living?Check out the Le Conde BKK1 today!

Realestate.com.kh is announcing the OFFICIAL POSTPONEMENT of the Year-End Property Sale 2020 on Nov 27-28 at the Premier Center Sen Sok due to new COVID-19 cases in Cambodia.REAKH’s events are often attended by thousands of attendees and over a hundred exhibitors all in one location. These events have set new sales records for partners and afforded attendees exclusive and great value deals. The Year-End Property Sale 2020 was set to be no different as it was designed to connect buyers, agents, sellers, and developers once again after an economically tough year.But such a goal cannot be pursued if it compromises public health and the personal well-being of attendees, exhibitors, and staff. The decision was not easy for REAKH but after much deliberation and consultation with various parties, Realestate.com.kh decided that it would be in the best interest of everyone involved to postpone to the summer of 2020.ONLINE PROPERTY SALE 2020 still on Nov 27The Year-End Property Sale 2020 originally had 2 components: the offline event in Sen Sok, and the online property sale. Despite the physical event being canceled, the online event will still be going live on November 27, 2020.Online Year-End Property Sale 2020 RegistrationThe Online Year-End Property Sale 2020 will feature a collection of Cambodia’s top developers offering their projects at significantly discounted prices. Registered users can secure these discounted prices by reserving them starting on November 27.Earlier in 2020, Realestate.com.kh organized the Black Friday Property Sale. The online event, the first of its kind in Cambodia, sold over $15,000,000 is property within 4 hours. As the event in June 2020 was about to draw to a close, both registered users and developers asked for an extension - something they will be getting this November 27.If you’re not registered for the Online Year-End Property Sale 2020, sign-up now!

Big Tree Community Mall, National Road 5, Russey Keo. Soft-Opening July 2021. Supplied.According to a report by The Mall Company, a retail specialist in Cambodia, retail spaces in Phnom Penh are expected to increase to just short of 1 million sqm NLA by 2025; giving the city a total of 62 retail destinations in 5 years’ time.Within 2020 to date, 9 modern retail properties (totaling 50,045 sqm) have begun operations. By 2021, another 18 modern retail properties (totaling 217,092 sqm) are expected to open. The Mall Company’s report is tracking 14 other retail properties to begin operations between 2022-2025 (totaling 242,226 sqm)As for the districts seeing the new retail property, Simon Griffiths, Managing Director of The Mall Company shares that “The districts of Sen Sok, Meanchey, Chamkarmon, Toul Kork, and Chbar Ampov are hotspots for upcoming retail properties,” he noted, however, that, “The larger the mall, the bigger the population needed within the catchment area to supply customers daily to the shopping center”Community Mall growth accelerating to become the most popular retail propertyAs of Q3 2020, the total existing retail properties in Phnom Penh number at 30. The Mall Company’s report breaks this down to 5 primary retail classifications: shopping malls, community malls, shopping centers, retail podiums, and retail arcades.17 (out of 30) retail properties are classified as Community Malls, making it the most numerous type of retail property in Phnom Penh and contributes 93,697 sqm NLA. This is followed by shopping centers numbering at 5 properties contributing around 86,500 sqm NLA.While only 3 shopping malls are currently operating, these properties contribute the largest amount of retail space at 144,400 sqm NLA. The Mall Company’s report further indicates that retail space supply by 2025 will largely be dominated by these modern purpose-built shopping malls.The Mall Company’s report additionally mentions retail podiums (4 properties) and retail arcades (1 property) in their report; these properties currently contribute 36,984 sqm NLA and 9,200 sqm NLA, respectively. Retail podiums and retail arcades are expected to significantly increase in property count and retail space NLA by 2025 due to the development of large mixed-use properties.New shopping experience for a new generationAccording to Simon, there are several factors driving Cambodia’s retail supply growth. One is the popularity and significant growth and expansion of the Borey market particularly within the suburban districts of Phnom Penh.“Borey developers have witnessed the increasingly competitive nature of their sector, so, to gain competitive advantage have been turning to modern retail as one selling point to attract buyers. This has led to shopping malls, retail plazas, and community malls being incorporated with larger Borey and township projects” said Simon.Simon also noted, the increasing engagement of Cambodians, particularly the younger generation, in modern shopping options. Simon observes that “Millennials and Generation Z have grown up in a vastly different world to their parents and they demand and desire modern retail formats.” he emphasized, “They seek new environments, entertainment, and experiences. This provides developers with an opportunity to fulfill the demand with modern retail properties.”“The Mall Company is currently working with multiple developers to bring new community malls to life from concept design and financial feasibility all the way through to leasing and mall management.” shared Simon.“We [The Mall Company] are planning and working with developers to plan community malls in many different Sangkats and expect this trend to continue with community malls leading the way in terms of retail expansion to serve the growth and expansion of new residential areas.”Article by:

Realestate.com.kh has signed a Memorandum of Understanding (MOU) with the FazWaz Group for the Cambodian market; a move that is set to be a massive boost for Realestate.com.kh’s existing client base which includes the leading real estate agencies, agents, and property developers in the country.Both Realestate.com.kh and FazWaz are focused on building tech-related solutions to solve real estate related issues which include searching and finding available real estate as well as assisting property seekers through the buying process. Real estate agencies and property developers in Cambodia, through this partnership, will have access to even more leads via FazWaz’s growing international network including markets such as Thailand, Vietnam, Singapore, and more. While FazWaz will primarily focus on new developments in Cambodia, there is no stopping the benefits it will also provide to real estate agencies and agents in the local market. What does this mean for real estate agencies in Cambodia? Existing agencies and agents that have an account on Realestate.com.kh gain access to what FazWaz Cambodia has to offer such as property listings automatically appearing on FazWaz. Additionally, registered agents on Realestate.com.kh will gain leads flowing from FazWaz’ international network.Separately, FazWaz is also seeking partnerships with agencies in Cambodia that are interested in the condominium / new development market. What does this mean for property developers in Cambodia? Similar to real estate agencies, existing account holders in Realestate.com.kh are eligible to get easy access to FazWaz’ team of sales-driven team of in-house agents. Additionally, new developments that come onboard will be given assistance through guiding property buyers in the process and closing deals for their convenience.Ex-colleagues reunite The CEO of Realestate.com.kh noted, “We admired the way FazWaz was digitalizing the real estate process in Thailand over the last few years and started to talk to them when they launched in Cambodia in late 2019 as the synergies were very clear for both of us and we are extremely excited to get out and speak to our customers about providing even more value to them, we know this has been a tough year for the real estate industry so we hope this comes as some welcomed positive news” O’Sullivan went on to say “Jovany (Antonio) was advising FazWaz during the start-up phase here in Cambodia, who is someone we know well which made the communication around the terms of the MOU very smooth, in addition, the recently appointed CEO of FazWaz, is the ex-GM of Realestate.com.kh who left us in 2018 so I am pretty excited about working closely again with him and his team” James Whitehead, CEO- FazWaz Cambodia noted “I’m super excited to be back in Cambodia, I know the Realestate.com.kh team very well and we are delighted to have Moek Chenda the founder of Realestate.com.kh as a Business Development Manager onboard FazWaz. I am also looking forward to marketing with the leading real estate platform in the country to build our brand and generate leads for the new developments that we will be focused on in Cambodia” About Realestate.com.khEstablished in 2009, Realestate.com.kh is the leading real estate platform in Cambodia that attracts over 200,000 property seekers every month across its website, app, and other media platforms. About Fazwaz GroupFazWaz Group was launched in 2013, from a desire to create a new standard in property search in emerging markets in Southeast Asia and beyond. Key contacts:Thomas O’SullivanCEO Realestate.com.khtom.osullivan@realestate.com.kh James WhiteheadCEO FazWaz Cambodiajames@fazwaz-kh.com

Introducing FazWaz Cambodia, your partner in real estate since 2020:FazWaz is breaking into the Cambodian property market with a full scope unit sales and marketing solution for agents, agencies, and developers! With a multinational management team with over 30 years of experience in the Cambodia real estate sales and development sector, the head office is now open - located in BKK1, Phnom Penh.Starting November 2020, FazWaz Cambodia will march its sales army into the Kingdom’s new-build property market to empower local agents with the highest possible commission shares for their sales results, and unilateral support for selling the most prestigious, trustworthy, and in-demand projects nationwide. FazWaz vows to deliver strong and sustainable sales for partner developments across Cambodia.FazWaz Cambodia's experienced management team: James Whitehead, CEO of FazWaz Cambodia (ex-General manager of Realestate.com.kh for 5 years); Moek Chenda, BDM of FazWaz Cambodia (Founder of Realestate.com.kh and Renowned Technology and Real Estate trainer); Shengwei Zhao, COO of FazWaz Cambodia (ex-Head of Marketing of Realestate.com.kh and DCG Cambodia).The new CEO of FazWaz Cambodia, Mr. James Whitehead, ex-General Manager of Realestate.com.kh for over 7 years, confirms that FazWaz Cambodia is a collection of “The Kingdom’s very best property agents and a multinational management team of real estate, technology, and sales professionals. FazWaz will provide the best environment for success through our corporate culture, unbreakable core values, and collection of Cambodia’s most respected development partners.”The new Head of Business Development at FazWaz Cambodia and founder of Realestate.com.kh, Mr. Moek Chenda, also confirms that “FazWaz is set to revolutionize the way the real estate is sold in Cambodia.”“We are the first truly tech-enabled agency in Cambodian history,” says Mr. Moek, “powered by the leading real estate marketing networks of Realestate.com.kh and partner channels both locally and Worldwide, and this company will be driven by the most talented salaried and non-salaried sales team possible on the ground in Phnom Penh, Siem Reap and Sihanoukville.”Moek confirms, “From the top to the bottom of the FazWaz organization, a culture of professionalism and success is born this month.”Whitehead, FazWaz Cambodia CEO, continues to explain that FazWaz agency represents, “a new way to do real estate business - in a time that demands it. FazWaz’s ultimate goal is to give anyone the opportunity to make the money they deserve from the real estate industry in Cambodia, and provide the best and safest possible investments to end buyers.”Underpinned by Realestate.com.kh and associated assets, FazWaz Cambodia (www.fazwaz-kh.com) is part of the Digital Classifieds Group in Cambodia (The Australian based owner of Realestate.com.kh and FazWaz Cambodia, in a joint venture with FazWaz Group of Thailand). FAZWAZ PTE LTE has operated technology-enabled real estate brokerages in Thailand and other countries since 2015: www.fazwaz.com. This direct partnership allows FazWaz Cambodia to leverage lead generation from Realestate.com.kh local and international media channels, and FazWaz Thailand's huge network of International buyers and world-class technology.FazWaz will also commit to ethical agency standards, and ensure that projects sold are by trusted developers only. All agents, whether in house or freelance, are developed with a sense of responsibility for their actions and representation. FazWaz agents put the buyer first, and offer real advice and information to protect that buyer from any potentially fraudulent developers.FazWaz Cambodia's new office is located in BKK1, Phnom Penh - sitting above the core marketing partner of the agency, www.realestate.com.kh, Cambodia's #1 real estate platform since 2012.Core specialties of FazWaz Cambodia:Empowering local agents to grow their income and career developmentFazWaz Cambodia will offer freelance agents the best offer they have seen within the market to-date and the best environment for their ongoing success. To date, over 50 freelance agents have joined the FazWaz ranks, along with in-house sales, marketing, and management team 10 strong and growing. The company is widely supported by its core marketing partner, Realestate.com.kh - with a 50+ strong marketing and technology team located in Phnom Penh Cambodia.Building peer-to-peer networks across Cambodia, FazWaz Cambodia firmly believes in rewarding lead and sale generators, wherever and whoever they may be. Every agent, every employee, every media company, and even mom-and-pop shops can create an alternate source of revenue - by simply choosing to deliver buyers to FazWaz Cambodia agency.Immediately, FazWaz offers 90% of commissions to the agent for self-generated buyer sales in the most popular condo projects in Cambodia. The remaining 10% will be re-invested in that agent's future marketing drive for more sales. No fees. No commitments. Just commissions! Show FazWaz that you are a superstar sales, and they will continue to grow your career and success by feeding you 3-50 free customer leads per month, and benefits such as company phone, tablet, car, and corporate expense account. From day one, agents can benefit from their success with perfect sales and marketing tools for the most in-demand projects, Pipedrive CRM to manage leads, uniforms, business cards, and daily training. Successful FazWaz agents will see immediate career growth and development, and swift salary increases. In-house, multilingual, full-salaried teams and project supervisors are also being hired at the start of November to support the developer clientele's ease of service. Contact the HR team at FazWaz today @ hr@fazwaz-kh.com if you are interested in full-time salaried positions or part-time freelance positions.FazWaz Cambodia will lead over 100 freelance and in-house sales agents starting from November 2020. The best agents, the best environment for success.Providing, even more, leads to agents & agencies in CambodiaAgencies and agents in Cambodia will also be able to leverage the power of FazWaz as co-broking partners. Many agencies in Cambodia have buyers for developments but do not focus on negotiating strong commission shares with developers, given other focuses for their core business. Other agencies lack the negotiating power due to a lack of results, agents, or brand power in the market. FazWaz will be a key partner for such agencies allowing them to access to highest possible commissions for project sales by managing buyers through a co-broking relationship with the FazWaz brand. FazWaz will also help to match buyers to agencies other property whenever possible, sharing on sale/rent benefits. Contact the sales team today @ sales@fazwaz-kh.com if you are interested in becoming a FazWaz affiliated agency or agent. Delivering sales results for the most in-demand developersFazWaz’ experience in the property sector via Realestate.com.kh’s makes it a prime choice for high-performance developers. FazWaz allows immediate marketing benefits + an activated peer to peer sales army, all at no upfront cost to the developer - given their project is in demand by local and international buyers. Every unit sold by FazWaz guarantees 1% of total commissions to be returned into marketing spend for that project and of the developer’s benefit for the next sales lead. As of November 2020, FazWaz already represents over 15 leading developments in Phnom Penh - and seeks to represent over 50 nationwide by mid-December - based on the dictated demand of agents and buyers in the market.  FazWaz, however, follows a strict due diligence process when onboarding new projects for sale, to ensure end buyers are only offered the safest and most reputable investment options.  Contact the sales team today @ sales@fazwaz-kh.com if you are interested in becoming a FazWaz powered development. Providing Buyers the best possible experienceFazWaz represents our buyers first and foremost, and guarantees to offer independent and genuine advice on the benefits and risks of project investments. On top of this, FazWaz agents will ensure a convenient and enjoyable purchasing experience, through the best selection of properties and the best possible prices and offer at those projects. All buyers become part of a VIP after-sales support network and continue to receive benefits, updates, and support from FazWaz Cambodia agents and organizations. If you are looking for a property consultant to consider your investment options in real estate, reach out to FazWaz today for a free consultation in English, Khmer, or Mandarin: contact@fazwaz-kh.comFazWaz Cambodia will lead over 100 freelance and in-house sales agents starting from November 2020. The best agents, the best environment for successFazWaz is the new real estate agency of choice in Cambodia, for buyers, sellers, and new developments. Find out more today and join the revolution.Website: https://www.fazwaz-kh.com/ Facebook: https://www.facebook.com/FazWaz-CambodiaTelegram/Whatsapp: +855 77711009Wechat: fazwazkhFor job opportunities: hr@fazwaz-kh.com  For agency and developer inquiries: sales@fazwaz-kh.com  For real estate buyers: contact@fazwaz-kh.com FazWaz Job Application Form: https://forms.gle/k1YoRWBERQYeqf2f9FazWaz Freelance Agent Request for Full Info and Interview: https://forms.gle/zuHugapJECH8gk9XA

The Cambodian real estate market, one of the key drivers of economic growth in the country, suffered a slowdown during the height of COVID-19 scares. But as cases continue to be under control, returning commercial interests are slowly breathing life back into the Cambodian property market.Key highlights of condo/apartment prices in Cambodia:3-bedroom condo/apartment median prices remain at ~$212,000The decrease in 3-bedroom condo/apartment median prices offer a better value proposition to Cambodian buyers2-bedroom condo/apartment median prices hold steady at ~$168,0001-bedroom condo apartment median price increase by 14% to ~$105,000These values are median prices found across Cambodia and are only meant to be used as a guide to navigate price ranges. Realestate.com.kh advises interested buyers to visit our condo listings page for prices specific to projects you may be interested in.Prices for large bedrooms have gone down as a result of a decrease in high-class property demand from international buyers. Developers, consequently, have shifted their focus to meeting the preferences of the wider local market.Additionally, the median sale price difference between 2-bedroom and 3-bedroom has gone down to just 26% compared to an 83% price difference 10 months ago - offering a great value proposition for Cambodians looking to buy larger units.It is worth noting that the Year-End Property Sale 2020 is happening on Nov 27-28 at the Premier Center Sen Sok. The event will feature various brands, including established property developers offering well-known projects across Cambodia. These same developers will offer discounted prices exclusively to buyers participating in the event.The continuing slump of property prices, coupled with upcoming property discounts in the Year-End Property Sale 2020, presents a great opportunity for buyers to purchase quality properties at more attractive prices - while they still can.Article by:

The much-anticipated Year-End Property Sale 2020 is less than 1 month away! Are you excited yet? You should be!The event will feature up to 60 exhibitors, representing daily products to big developments, during the event at the Premier Center Sen Sok. The Year-End Property Sale 2020 is expected to welcome thousands of attendees from across the Kingdom all looking to get great deals, especially from developments offering exclusive event discounts!Attendees will additionally be treated to a series of seminars conducted by Cambodia’s leading business personalities. Topics will cover a general overview of the country’s current business landscape to more pressing issues such as the effect of COVID-19 on the wider economy. It’s a series of talks not to be missed.The first offline/online event in CambodiaThe Year-End Property Sale 2020 will be the first-ever offline and online event in Cambodia. The property sale event in the Premier Center Sen Sok (Nov 27-28) will be complemented by an online sale starting on the same day! This will allow Cambodians from across the country, and even foreigners outside of Cambodia, to easily get discounts on participating developments.This online event comes in due time as Cambodia’s digital space has grown to a point where e-commerce has become part of the norm. In 2019, the Ministry of Post and Telecommunications estimated that there are over 19 million sim cards in use in Cambodia - more than the recorded number of Cambodians in the last population census.The adoption of mobile devices, and consequently, the entry of more people into digital marketplaces, presents a great opportunity for businesses looking to stay relevant within the Kingdom’s evolving commercial landscape.Offline/Physical events, however, remain a great attraction for a majority of Cambodia’s growing consumer market. Despite the global pandemic slowing down economic activity, plenty of Cambodians have started going out again as COVID-19 cases remain under control. Google’s Mobility Index even suggests that fewer Cambodians are choosing to stay home, which has led to a slow but gradual recovery of grocery and retail destinations within the country.The Year-End Property Sale 2020 is the perfect opportunity for Cambodians to get great deals on great products! Planning to attend on Nov 27-28? Register today to qualify for exclusive discounts!

Boost your business’ exposure with the most anticipated consumer expo in Cambodia this year!The Year-End Property Sale 2020 will gather thousands of attendees from across the Kingdom to showcase the country’s leading brands from November 27-28 at the Premier Center Sen Sok. From businesses supplying leading favorite daily consumer products to developers building Cambodia’s most exciting properties, will all be present during the event.One of the biggest Cambodian marketing campaigns in 2020Being the most anticipated consumer expo has to come with the appropriate marketing spend, of course. Realestate.com.kh, Cambodia’s leading property platform, and the organizer of the Year-End Property Sale 2020 is backing the event up with a $100,000 marketing spend - one of the biggest this year.The marketing campaign incorporates both traditional and digital marketing such as print media, radio campaigns, social media, email marketing, direct mailers, public relations, and online advertisements. The campaign will have a reach estimated to be in the hundreds of thousands, if not in the millions by the time the event starts on November 27.The first offline and online event in CambodiaThe Year-End Property Sale 2020 will be the first-ever offline and online event in Cambodia. The property sale event in Sen Sok, from Nov. 27 to 28, will be available for all buyers interested in Cambodian property until Dec. 11, regardless of whether they’re local or from abroad.Offline/Physical events remain a great attraction for Cambodia’s continuously growing consumer market. Despite COVID-19 stifling most economic activity, Cambodians have been quite eager to go out once again as the country’s infected cases remain under control. Google’s Mobility Index suggests that fewer and fewer Cambodians are staying home, leading to grocery and retail destinations seeing considerable improvement compared to 9 months ago.And as Cambodia further develops its digital infrastructure, the country is increasingly becoming more digital. Online events are growing more commonplace as local entrepreneurs start to see the value of digital spaces, especially during COVID-19.The Year-End Property Sale 2020 is the perfect opportunity for businesses across Cambodia to capture the returning commercial interest, and at the same time, take advantage of the digital growth the country has been undergoing.If you’re a business interested in being part of the most anticipated event this year, you may contact the followingFor all borey and plot land developers: Sumey Soun (Khmer/English)mey.soun@realestate.com.kh+855 77 241 285For condominium and mixed-use developers:Nin Kang (Chinese/Khmer)nin.kang@realestate.com.kh+855 78 637 323 / +855 93 552 305For property developers and other interested exhibitors: James Whitehead (English)james.whitehead@realestate.com.kh+855 086 972 061

The rental sector is a prime contributor to the surge of Cambodia’s real estate market. Despite COVID-19 stifling the usual international market, Phnom Penh’s rental market has done relatively well in staving off any significant downward pressures on rental prices - a good sign of landlords across the Kingdom.Key highlights for Phnom Penh rental market:Median rental price for 3-bedroom apartments steadied at ~$2,000Median rental price for 2-bedroom apartments steadied at ~$9501-bedroom apartment median rental prices faced slight downward pressure of 3%; down to ~$620 to $600Por Sen Chey, Sen Sok, and 7 Makara remain a good choice for lower-cost rentalsAccording to Real Estate Market Trends, median rental prices for 3-bedroom and 2-bedroom apartments remained steady at ~$2,000 and ~$950 respectively. While 1-bedroom apartments saw a slight decrease of 3% from ~$620 to ~$600 in median rental prices.Real Estate Market Trends displays the median values of listed properties on Realestate.com.kh. Interested renters can still view property listings more suited for their budget/preferences in properties for rent in Phnom Penh list.The Kingdom is currently seeing itself slowly come out of the economic downturn caused by the COVID-19 global pandemic. While not completely out of the woods yet, a semblance of international tourism is starting to trickle back in, incrementally adding to the potential renter market in the city.Developers in the city, however, have adapted to the new reality set on by months of heavily restricted international travel. More projects have started shifting their focus towards the local market and their preference for mid-tier and affordable properties. Several new projects across the price spectrum are expected to see completion sometime in Q4 2020 and Q1 2021.Phnom Penh’s property market was initially uncertain in the early days of COVID-19. But as health authorities in the country implemented healthcare guidelines, the scare of the disease soon stabilized and more Cambodians are starting to look long-term once again, particularly in real estate. As a result, the city has seen shifts in prices and supply, presenting new opportunities for investors/buyers to take advantage of a market bound to bounce back.Popular locations for affordable and mid-tier propertiesThe districts of Por Sen Chey, Sen Sok, and 7 Makara remain popular choices for affordable and mid-tier rental properties. Por Sen Chey lies at the suburban areas of Phnom Penh. But this area is slowly seeing more commercial developments led on by continued borey developments in the districts.Sen Sok and 7 Makara are closer to the city center with more identifiable city comforts. Expatriates and locals looking to live with urban conveniences nearby (such as the AEON Mall 2) can find plenty of good value rental properties here.Real estate opportunities at the Year-End Property Sale 2020The Year-End Property Sale 2020, organized by Realestate.com.kh, is featuring over 60 exhibitors, including Cambodia’s top developments, all in one place. Starting from Nov 27-28, at the Premier Center Sen Sok, attendees can avail of exclusive discounts from top brands and properties for a limited time!The event in the Premier Center Sen Sok will be accompanied by an online property sale, also starting on Nov 27. The Year-End Property Sale 2020 online will last until Dec 11 and will allow a wide range of buyers from across the world to view and purchase property at very attractive prices!Get the best deals starting on Nov 27 by registering today!Article by:

You’ve read about it and you’ve heard about it, the Year-End Property Sale 2020 is coming and this is YOUR chance to get GREAT DEALS from the BEST BRANDS in Cambodia!But, how do you join and actually get these deals?The first online and offline event in CambodiaThe Year-End Property Sale 2020 has 2 events you can join. Both events (offline and online) can be attended by a simple 1-time registration!Registration link: https://www.yearendpropertysale.realestate.com.kh/Registration is easy. Simply click on the link above and fill out the registration towards the bottom of the page.After filling up the registration form, our automated registration system will send you an SMS with a verification number to confirm your registration. Input the code on the screen and you’re good to go!An email will be sent afterward to your registered email address to let you know you’ve signed up for the most-awaited consumer expo in Cambodia. See you!Exhibitor RegistrationThe Year-End Property Sale is implementing a $100,000 marketing campaign covering all forms of available media in the Kingdom. If you’re a business owner looking to ride this massive marketing wave, you may register as an interested exhibitor through the link below:Exhibitor Registration: https://www.yearendpropertysale.realestate.com.kh/exhibitor-sponsorHow to get a discount during the YEPS 2020 at Premier Center Sen SokOnce you’ve successfully registered, we highly recommend going to the event on Nov 27-28 at the Premiere Center Sen Sok. More than 60 exhibitors representing Cambodia’s biggest and up-and-coming brands will be offering exclusive promotions to attendees over the 2-day event at the venue.How to get a discount from YEPS 2020 Online Property Sale from Nov 27 to Dec 11An online property sale will be launching simultaneously from November 27 to December 11. Registered users can use their accounts to login to the event website and view properties going on sale during those 2 weeks!These developments come from Cambodia’s most reputable developers - all offering an EXCLUSIVE DISCOUNT to registered buyers on YEPS 2020! If you’re already registered, simply visit the event page starting November 27 to view properties at your own leisure.STEP 1: View and select propertyVisit the Year-End Property Sale 2020 website to view the properties/developers offering discounts. These will be arranged in a gallery/carousel fashion for your convenience. In here, you’ll see the amount of discount you can acquire if you purchase the property!NOTE: Discounts are limited per property/development. So, be sure to secure yours right away!STEP 2: Secure your discountSecuring your discount requires you to deposit a fully-refundable reservation fee of $500. Realestate.com.kh will be accepting major payment gateways such as Visa, Mastercard, and UnionPay during the event. Local transfers via ABA Bank will also be accepted.You’ll also be happy to know that the $500 reservation fee will be deducted from the final sale price of the property you want!STEP 3: View the property with REAKH staffUpon making the reservation payment, Realestate.com.kh will reach out to you, using the contact information you provided, to arrange a viewing of the property(ies) you’re interested in and help facilitate a smooth transaction for you.Realestate.com.kh makes it a point that our users have a smooth transaction with the developer.The Year-End Property Sale 2020 is building up to the most exciting consumer expo this year. Are you ready for more great deals? Register now!