The Cambodian real estate market saw great leaps in terms of investment and selection over the past few years. An important key to this surge is the availability of data that allows investors to make sound decisions in choosing where best to allocate their attention and resources to. As such, several institutions and organizations have taken the initiative to compile what data is available to provide more and more accurate information every year.This time, Realestate.com.kh, Cambodia’s #1 real estate portal, is contributing to the efforts through the Cambodia Real Estate Trends.Cambodia Real Estate Trends is a page under the domain of Realestate.com.kh. The page, now available to the public, is designed to provide Cambodia’s real estate stakeholders additional market data to better understand and gauge current trends.The Cambodia Real Estate Trends page aggregates property information on Realestate.com.kh and allows users to arrange data according to what they want to find out.Price trend for properties for sale/rent in CambodiaThis is the first table on the Cambodia Real Estate Trends page. This graph showcases the trends in terms of sale, rent, and rental yield for residential and commercial properties in Cambodia. This is particularly useful for developers as scouting the market can be a time-consuming task. But with this tool, developers can get a better understanding of the current market landscape with a quick glance.Price trend by bedroom for sale in CambodiaThis is the second table on the Cambodia Real Estate Trends page. This graph showcases the trend of how much certain properties are selling for, namely: apartment/condos and houses. The graph lines are also subdivided into the different amount of bedrooms to give a more nuanced set of data for users. This is particularly useful for property seekers, especially families, in gauging how much they have to or oughta spend for a property they’re looking at.Price trend by bedroom for rent in CambodiaThis is the 3rd table on the Cambodia Real Estate Trends page. This graph showcases the rental trend of different properties in Cambodia. The data can be parsed to showcase rental trends for apartments/condos and houses. This is especially useful for expatriates looking for a good grasp of the rental prices in Cambodia.Median Prices And Popularity Index For Locations Within CambodiaThis table provides users with a comprehensive snapshot of the market trends for all residential and commercial properties. The table is arranged to offer a simple way to compare price and popularity changes across Cambodia. The data can be arranged to showcase the median prices/popularity of a particular type of property in a given time frame. For example, users can compare prices of apartments/condos before and after the outbreak of COVID-19 - a piece of information useful for both buyers and sellers of property within the Kingdom.Cambodia Real Estate Trends has been a massive undertaking by Realestate.com.kh and its software developers. But as Cambodia’s property market expands, so will the Cambodia Real Estate Trends. Users can expect future updates to further enhance data accuracy and the overall user experience and utility.Realestate.com.kh Sales and Marketing Contact:Nara Tang+855 86 644 903nara.tang@realestate.com.kh

The Collaboration between Wangfu Guoji, the developer of Le Condé BKK1 – the smart luxurious residental project and Xiaomi Cambodia – a global tech company, has begun to create a future revolutionary lifestyle to happen now.On August 28th, the Signing Ceremony between Le Condé BKK1 and Xiaomi Cambodia had held with the highly important guests’presence such as:H.R.H Prince Norodom BuddhapongH.R.H Princess Norodom SoriyaH.H Princess Norodom Pongmonirath DeviMr. Zhong Jin Jian, Executive General Manager of Wangfu GuojiMr. Cui Hui, Marketing General Manager of Wangfu GuojiMr. Gao Feng, Xiaomi Cambodia Country ManagerMs. Maarika Torn, Xiaomi Cambodia Marketing ManagerWith all the presence of our valued, a glimpse on Xiaomi's intelligence Smart Home technologies had offered our guests to experience the future of smart life.At the beginning of our event, Xiaomi presents the video of smart home technologies which made us feel the real future in present time. Imagin, “In the morning, the smart curtains are slowly opened, and allowed the natural light shining through; when you want to leave home, a one-click to activate the away mode and the air conditioner, curtains, music, and lighting are automatically turned off. After that, the security system is automatically turned on. While you are on your way back at home, you can make a smart appointment through the mobile application, so that you can turn on the air conditioner to cool down in advance. And even when you sit down on the sofa, the TV will warmly welcome you and automatically play your favorite music...” The ultimate vision of luxurious and convenient lifestyle is collided here in Le Condé BKK1.Next, Mr. Zhong Jin Jian said “Wangfu Guoji has always been committed to providing owners with complete solutions for a better life through high-quality products and services, and this is highly compatible with Xiaomi’s corporate culture. Together have created a strong cooperation to create the future community in luxurious model living.”As a pioneer real estate developer, Wangfu Guoji entered first in Cambodia with an enormous project locates in BKK1, the most prime suburb district in the capital that could offer great value for high-end residental and commercial lifestyle to the ultimate living of Cambodians.Afterward, Mr. Gao Feng，Xiaomi Cambodia Country Manager, stated that “Smart Home is a revolutionary in modern era, and Xiaomi’s goal is to cultivate this revolutionary into reality. And Wangfu Guoji will be Xiaomi’s first oversea smart home project in modern living innovation in Cambodia.”Both parties mutually reached a strategic cooperation to jointly create the First Cambodia’s smart residential community that will upgrade the future of Cambodians living.The next exciting moment, Mr. Zhong Jin Jian, representative of Le Condé BKK1, to officially introduce our Brand Ambassador, “H.R.H Norodom Soriya” with the presence of namely Royal family members in this occasion, presented the Royal Brand Ambassador certification by Mr. Cui Hui and Ms. Maarika Torn.H.R.H Norodom Soriya, successfully graduated with a bachelor's degree in international politics, said that “I am deeply attracted by the creative concept and ingenuity of Wangfu Guoji, especially after visiting the Sales Gallery and Unit showrooms.With these remarks of the cooperation unveiling ceremony, the signing ceremony came to a successful conclusion. But Wangfu Guoji believes that a new life full of wisdom is slowly starting.

Lin Yutang, a Chinese novelist, pondered in “The Chinese Way Of Life”: “With all the wisdom and common sense of mankind, one problem remains to be solved: How do people support themselves and ultimately enjoy life to the utmost satisfaction?”Developments in residential technology have made it possible for large flats to allow people to work in cities and give them the space needed to live comfortably. These large flats in the center of highly urban areas represent how achievable a good life can be. And interestingly, it’s become more mainstream across Cambodia’s growing property market.These large floor plans allow for magnificent views of winding rivers and growing cityscapes. These sights are even more majestic when all of the city’s lights are lit up at night.Standing about 140 meters high, Sky Villa has certainly attracted the attention of luxury property seekers from all over the world. It uniquely stands within Phnom Penh’s growing skyline, making it the perfect home for countless urban elites looking for the quintessential luxury lifestyle of tomorrow.The key to achieving this is the integration of top quality living with access to the conveniences of downtown. Sky Villa lets its residents reap the benefits of living luxury while being at the center of Phnom Penh’s thriving urban activities - all to be delivered by the end of September 2020!Of course, luxury living doesn’t simply stop at the location and simple comforts. Sky Villa’s facade is a masterpiece of modern building design from great modern day architects. Internationally renowned Taiwanese architect Li Zuyuan (CY Lee), the mind behind Taipei 101, Kaohsiung 85, and the Chung Tai Chan Monastery, served as the lead for the team of architects responsible for the Sky Villa’s iconic appearance. Sky Villa’s residences are a canvass where residents can mold their units according to their preferences. Whatever their design may be, comforts surround their homes such as a wide outdoor area, dense gardens, and the natural light that adequately fills every inch of the Sky Villa’s interiors.Sky Villa is located in a prime area of Phnom Penh, south of the Olympic Stadium in Makara District, and is adjacent to Sihanoukville Avenue and Polish Republic Avenue. The surrounding area is a center of Phnom Penh’s transportation network and is home to a host of supporting facilities. It is also only a few minutes away from the BKK consumer hot zone.Government agencies, embassies of various countries, international financial institutions, and other commercial supporting facilities are near Sky Villa. Within the 3KM radiation range, there are Olympia Mall, AEON 1, the Russian Market, and the Central Market.In addition to the bustling shopping malls, sports centers, etc., there are also many renowned schools around the Sky Villa, allowing parents plenty of choices for the benefit of their children. It’s almost poetic how a sense of peace can still be experienced in the middle of Phnom Penh’s thriving urban life.SKY VILLA was designed and constructed with two 35-storey twin towers, beautifully crafted to stand uniquely in the center of Phnom Penh while complementing the city’s growth as the next investment hub in South East Asia. The beautiful scenery has become a new landmark of the original "Pearl of Asia".The Sky Villa has a magnificent welcome hall, and the atrium is 10 meters high with natural light. 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 without the hassle of public places.The exclusive Sky Villa Club on the top floor also has a wine cellar, a recreation room, which can be used as a private room, and a reading area. Next to the club is a restaurant that can make delicious and rare dishes.The layout of each villa-type apartment of Sky Villa shows the exquisiteness of the palace-level private space, using superb design techniques and high-quality interior finishings to create a luxurious and comfortable atmosphere for everyone. Sky Villa has a four-story underground parking lot, safe access to the home, and 24-hour monitoring equipment to protect all aspects of the house. Taking into account the usage habits of different age groups, all apartment door locks adopt 3 unlocking methods of "password + swiping card + key", and are equipped with full-featured video intercom - all of which facilitate the conveniences associated with luxury living and ensure family safety.The full-featured video intercom can also be connected to the door sensor, infrared alarm detector, smoke detector, and other equipment to upgrade to a security technology protection network for protection against theft and other unauthorized entries. Each apartment is also equipped with an indoor escape door. This is used when the elevator cannot be used, especially in times of emergency to go immediately down the stairs. Sky Villa provides maximum protection for the owner's life and property safety.The Sky Villa has 256 units with an area ranging from 272 to 509 square meters. There are eight types, all of which are high-taste luxury units, ideal for property seekers looking to live in true luxury.As a rare and large flat-floor mansion in Phnom Penh, a spacious and bright living room and balcony with panoramic views of the city are considered essential. Each apartment type of Sky Villa has 2 french windows for residents to enjoy the city view and the space is very large. The height of each household is 3.6-4.1m, allowing the owners a large breathing space to design their space however they please.Each apartment in the Sky Villa has a well-designed large viewing balcony, which can be directly accessed through the glass door of the living room. The owner can build a private garden, or use it as a barbecue area or a tea tasting area. Taking into account safety issues, the balcony guardrails of each apartment are made of double-layer tempered glass and advanced stainless steel technology, which is simple, beautiful, and durable.The Sky Villa installed a double-layer soundproof glass which can effectively block 90% of the noise coming from outside. If you want to live in a busy city but can enjoy the tranquility of where you are, the soundproof design of the room is particularly important.Each apartment type of Sky Villa is designed with more than 2 rooms. Both the master bedroom and the second bedroom have a very large space, which can ensure the comfort of life. The interior of the bedroom can easily accommodate a large bed of more than 2 meters, and a dressing room and cloakroom can be opened.The toilet adopts the design of separation of dry and wet. It is transparent and has a bathtub. The shower nozzles of the bathroom are all internationally renowned brands, which are beautiful and durable and easy to clean. The storage cabinet in the bathroom can be hung in the air and is fully enclosed, moisture-proof, and dust-proof. The invisible handle keeps it beautiful while also ensuring safety.As the most important area in any family, each kitchen has floor-to-ceiling windows, which are very transparent and bright. The walls are tiled as a whole and do not absorb oil and smoke, it also looks tasteful and easy to clean. The L-shaped design layout puts the position of the refrigerator, cabinets, and spacious operating table neatly which makes accessing each one convenient when attending to gatherings, however small or large they may be.Sky Villa has always had a unique advantage as the project with the largest floor area in Phnom Penh’s fast-expanding property market. The needs of residents are carefully taken into account in the design of every apartment - creating and exceeding the urban life of Western homes for every family.Do you want to get a large-scale existing villa-level luxury apartment at the most affordable price? The Sky Villa is the perfect choice for living the utmost luxury lifestyle in Phnom Penh!

Phnom Penh has come a long way from its rural beginnings into becoming a hotbed of new and exciting real estate developments. The city’s progress is already at a stage where many projects are integrating residential and commercial in a single development - a trend among the many luxury choices in Cambodia’s capital.Wealth Mansion, developed by Everhealth International Investment and Development Co., Ltd., is a top-class development located in Chroy Changvar. Its construction began in 2019, making it one of the most recent projects soon coming to the district’s ever-growing set of residential options. While it has experienced challenges during the outbreak of COVID-19, Wealth Mansion’s expert management eventually overcame its difficulties and put the project back on track.The Wealth Mansion is a great example of the modern lifestyle offered in Phnom Penh. It combines 3 of the biggest factors that make any development a great residential investment for years to come. PRIME LOCATIONThe Wealth Mansion occupies part of the scenic riverside of Chroy Changvar, and sits on the east bank of the Tonle Sap overlooking the intersection of the winding rivers. This mixed-use development will stand 45-storeys tall with a height of 166 metres standing in a well-connected traffic network with multiple services including ferry and the future city railway.  Phnom Penh’s developers have been on the lookout for new areas as the city expands outwards, and Chroy Changvar is definitely shortlisted as the next big district. The once-forgotten peninsular district is seeing increased interest from real estate companies. The race for good locations has led to a flurry of the new shops, restaurants, and other businesses surrounding the Wealth Mansion.FULL LUXURY UNITSDesigners of the Wealth Mansion poured a great deal of attention in all its residential aspects. Rixing Design, a renowned international design firm, melds pleasant ambiance with a well-preserved ecology; absorbing all the unique elements of Chroy Changvar within Wealth Mansion.Architects of the Wealth Mansion made good use of natural ventilation and lighting with layouts consisting of a verdant facade, water features, central gardens on each floor, and open corridors. The Wealth Mansion is a comfortable dwelling on minimum energy consumption, thanks to the creation of an independent three-dimensional ecology.The Wealth Mansion's smart floor plan enables every resident to have a unique life experience for its reasonable layout, aesthetic design, and practical functions. The design of a two-bedroom apartment focuses on bedrooms, kitchens, and balconies. Mostly, a master bedroom comes with an en-suite bathroom. Residents can enjoy a more delicate family living atmosphere.TOP-TIER AMENITIESThe Wealth Mansion offers plentiful experiences covering a comprehensive range of services and other comforts. To start, a comfortable lounge room is located in the lobby for residents to take a relaxing afternoon in. A 400sqm state-of-the-art swimming pool is also available along with a 1,000sqm swimming pool, stylish spa centre, restaurant/cafe, and a conference room/multi-function hall, and many more.The property’s dedicated engagement in 24-hour security, concierge service, and home cleaning service, all make your stay easy and peaceful.

Le Conde BKK1 condominium project, Phnom Penh’s upcoming smart condominium, will be hosting a VVIP Sales Event on September 5. The event will offer visitors the chance to own the city’s premiere smart residences with starting prices as low as $8X,XXX. Buyers on the event day can also win additional prizes including luxury appliances, gadgets, and even a motorbike!Le Conde BKK1’s VVIP Sales Event is organized by Wangfu Guoji in cooperation with Century 21 Apex Property. The event will be held in the Le Conde showroom in BKK1 on September 5 starting from 10:00 to 20:00.The term “modern home” has come to refer to a wide variety of things. From design to comforts, plenty of developers across Phnom Penh have been marketed as modern homes. But none have yet to truly emphasize modern living through integrated smart home technology.Le Conde BKK1 stands out as the city’s premier smart condominium choice. Its developer, Wangfu Guoji, partnered with Xiaomi technologies to integrate a smart system in its condominium units. Simply put, residents can comfortably set up room temperature, lights, and even schedule when certain appliances will turn on - all within a few simple steps!Standing 43-stories high, Le Conde BKK1 will be the biggest landmark condominium project in the district. A total of 1080 units ranging from studio units to 2-bedroom units will be made available. Sizes will range from 30sqm to 42sqm for studio units, 50sqm to 62sqm for 1-bedroom units, and 70sqm to 90sqm for 2-bedroom units - all fully furnished and provided with the smart home solution quintessential for 21st-century living.Residents will also be under the care of HOPETREE, a Japanese property management firm, known for its consistent quality of services provided for residents. Under HOPETREE, Le Conde BKK1 will offer 5-star services for its residents such as cleaning services and car wash, to name a few.Its location within BKK1 gives it great value potential for many years to come as many established businesses, renowned schools, and popular cafes/restaurants are based there. Whether you’re a young professional or have a family, Le Conde’s location allows you and your relatives to live the utmost comfort and convenience within Phnom Penh.Experience true 21st-century living within the Le Conde BKK1 condominium project and save up to $52,000 during the event. Be sure to register on the event website (click here). See you on September 5!For any concerns and questions, you may contact Century 21 Apex: 0962121010 / 061555075

The robust Cambodian real estate sector was noted by investors as one of the new go-to's in the region. Supplied.The Cambodian construction and real estate industry has seen an influx of foreign investment and a flurry of activity in the past decade. According to CBRE Cambodia’s Fearless Forecast 2020, around $5.2 billion was spent constructing 2,867 approved projects in 2018. These figures significantly grew to $9.3 billion in investments spread across 4,443 approved projects in 2019.The flow of foreign investments has been growing since 2010 due to the country’s increasingly more appealing business environment. This streak, however, was broken when COVID-19 became an urgent global health issue in January 2020. Almost overnight, governments all over the world either limited or outright restricted foreign travel to prevent the spread of the highly contagious disease.The global tourism industry was hit the hardest as the result of the painful yet necessary measures. It also didn’t take long for the lack of international travel to initiate a domino effect that led to other sectors feeling the pinch; the real estate industry included. Cambodia’s robust real estate was one such market that experienced a slowdown that derailed projections of continued expansion for 2020 and even 2021.But as the Kingdom and most of the world learned to manage COVID-19, the restrictions on international travel were relaxed and a new normal started taking shape. In Phnom Penh, the widespread use of masks and the availability of hand sanitizers in public places has become commonplace - with most businesses reopening following these measures. International flights, though limited, are starting to return with strict health screening; the chief example of which is the return of thousands of Chinese expatriates working and living in the Kingdom.Health Minister Mam Bun Heng observes COVID-19 checks during a visit at the Phnom Penh International Airport. Fresh News.According to CBRE’s James Hodge, Senior Director of CBRE Cambodia, “Recent developments have given rise to the hope of recovery for Cambodia’s real estate sector, with increasing confidence and interest from investors and occupiers. CBRE notes a resurgence in inquiries for residential accommodation from expatriates and commercial space from existing companies.” The return of Chinese expatriates is highlighted as part of the renewed demand Cambodia may see if COVID-19 continues to be under control. “Sihanoukville has been struggling for almost 12 months now, but the improvement in infrastructure and increasing certainty around the future of the gaming industry seem to be acting as a draw for Chinese workers and investors; resurgence in domestic tourism is also a help for the province, and these factors could combine to position the district for a further growth spurt in the near future,” James added.Sihanoukville gains a new lease on life as property developments resume. KT/Chor Sokunthea.However, COVID-19 remains a looming threat to the Cambodian real estate, “Travel restrictions remain prohibitive to many international investors and businesses, and the recovery remains fragile whilst the threat of the further spread of Covid-19 remains – this is unlikely to change until there is a reliable vaccine and quarantine requirements are removed.” he added.Moek Chenda, the founder of Realestate.com.kh, also considers recent developments as a positive sign for Cambodia’s real estate market. “Foreign investors have played a big role in the country’s real estate development. Allowing them to come in, especially at this time, certainly presents a good opportunity for both them and the Cambodians that stand to benefit from new investments”.Much like other experts, Chenda shares the same precautions about COVID-19. “As we’ve seen, we can never be too safe. It’s fortunate that we have controlled the disease in Cambodia early on and established guidelines and procedures when it comes to screening new entries into the country.”New health measures required for foreign visitors were adjusted in August 2020. Fresh News.In June 2020, the government announced a $3,000 USD deposit and a requirement of $50,000 insurance from foreigners visiting Cambodia. The temporary policy was enacted to help fund the testing and quarantine all new visitors are required upon entry. The policy was changed in August 2020 reducing the required cash deposit to $2,000 and relaxing other measures to attract more visitors and investors in the country.According to James Hodge, “The government’s approach to adjusting entry requirements appears to be born out of the need to balance safety measures with economic growth. In terms of the real estate market, easing entry requirements is important in allowing decision-makers to access the country and action investments”.However, he expects these additional costs and quarantine requirements may still limit most visitors, saying “The changes are unlikely to yield significant adjustments at the current time due to reluctance to travel or face extended periods of quarantine at one or both ends of a flight.”When one door closes, another opens. The lack of foreign investors has caused several developers to offer discounts and/or benefits on purchase. According to Chenda, “It’s a good time for local investors to look at property as some may get up to 30% discount if they look hard enough.”Chenda adds that both buyers and sellers are still looking to connect even during this time, saying “There are still developers looking to sell fast and buyers looking to buy property fast, as well. And given that some sectors of the market are still active, online property platforms have a more important role in keeping the market going”.Keeping COVID-19 under control is integral to sustaining economic recovery. Supplied.Sustaining the recovery is certainly on everybody’s mind. In a report from the Khmer Times, the government allowed some businesses to reopen in July 2020 with conditions to adopt measures to curb COVID-19 infection. Businesses such as casinos, clubs, and KTVs have been allowed to reopen – a positive sign that the Cambodian economy will soon rebound. And any commercial endeavor opening spells good tidings for the real estate sector.“It is important that the real estate market adapts to aid the prevention of the coronavirus after all urbanites spend the vast majority of their time inside buildings, whether that is at home, school, the office, a factory or leisure venue, as such real estate is a primary resource and plays an integral role in stopping the spread of infections,” says James Hodge. He also highlighted the importance of upgrading and maintaining a building’s prevention policy to stop the spread of infection.The uncertainty of how much COVID-19 will influence the Cambodian real estate industry remains a hot topic among stakeholders. But recent developments may indeed signal the beginning of a continuous upward trend for the market.Phnom Penh’s real estate market still presents good opportunities during COVID-19. Supplied.“I believe we have started to see an uptick in market activity across some sectors,” says James Hodge. “This is helped along by Cambodia’s track record at controlling community transmission, as well as the pragmatic reaction of many market actors to the situation,” he added.While the uptick is certainly within sight, the risk of a 2nd wave is still no less of a threat. “As we have seen recently in Vietnam and earlier in Singapore, Covid-19 spreads quickly and is difficult to control. Cambodia is by no means safe from either the direct or indirect impacts of the virus yet, so we must all remain vigilant and follow appropriate protocols – but if we can continue to follow our current path then the market should continue to improve in some segments.” cautioned James. “It will still be some time before we are back to pre-Covid-19 levels as there remain a number of headwinds, not least the impact of EBA withdrawal and macro impacts from the global economic woes.”Moek Chenda similarly believes that while pre-COVID-19 activity may still be some ways off, good opportunities still lay within the market. “Getting the real estate economy back to how it was before may take around 12 more months. But that does not mean people should hold off on buying today”, he continued. “The Black Friday Event back in June and the developer sales that followed should signal to buyers that now is a good time to buy property. They just have to keep their ears on the ground” he advised.Article by:

Leedon Heights Condominium opened their show room and sales office at its official groundbreaking ceremony. The event was graced by His Excellency, General Kun Kim, Senior Minister and vice president and General Secretary of Cambodia Veteran Association, Her Excellency Koeung Chandy, His Excellency Michael Tan, Singapore Ambassador to Cambodia, His Excellency Gnoun Pharaoth Vice Governor of Phnom Penh City and His Excellency Kim Rithy, Vice Governor of Kandal Province.Leedon Heights Condominium project is situated in the district of Sen Sok, right here in the heart of Phnom Penh. It will be built over an area of 1.5 hectares and it comprises of 4 towers with 36 floors each. The condominium is also situated conveniently with AEON Mall Sen Sok, International schools, Sen Sok Premium Centre, Makro Market, Water parks, Grand Phnom Penh Golf Club, and many more amenities in its surrounding.To celebrate its launch, buyers will be offered a celebratory discount of up to 8% and additional vouchers for the purchase of furniture. During the launch, there is also a lucky draw for visitors, with great prizes to be won.The developer LEEDON HEIGHTS CO., LTD. will be donating 10 houses, worth up to 30,000 US dollars, to the Cambodia Veteran Association, as part of its humanitarian efforts in Cambodia.In the recent press conference, Mr Horng Pheap, Managing Director and shareholder, Mr Nguon Chhayleang, Head of Developer Sales Team and Ms Ann Sothida, Managing Director of CBRE Cambodia, the Sole Marketing Agency of Leedon Heights highlighted:This condominium is a joint venture between a Cambodian, Singaporean and Taiwanese corporation with many years of experience in delivering high quality residential and commercial developments in Cambodia.The condominium offers first class facilities within the condominium grounds, like commercial spaces for retail outlets, café, mini-mart, sporting facilities like swimming pools and fitness centres and even a planned integrated child-care centre.The apartments range from studio apartments to 3 bedrooms apartments, and it caters to young couples who are looking to start their family to multi-generation families.The project, will be built with the highest standards in build quality and stringent fire safety protocol.A flexible payment scheme is also offered to the buyers and indicative prices starts from USD 1,700 per square metre.

Borey Lorn City is a new gated community development in Phnom Penh city, located along a wide-open National Road 3 in Por Sen Chey. Supplied.The outbreak of COVID-19 shifted the status quo of Phnom Penh’s real estate market. The fears of infection and the subsequent restriction on international travel lead to previous market speculations up in the air. One real estate sector, however, remains anchored on the land beneath it.Landed properties in Phnom Penh, more popularly known as boreys, are a collection of pre-made/designed houses within a gated community. According to Knight Frank Cambodia, the end of 2019 saw the addition of 4,654 units from 11 recently completed boreys. This led to Phnom Penh’s year-end stock standing at almost 56,000 units spread across 142 developments - a 21% increase from the previous year. The addition of more than a dozen new projects launched in H2 2019 is expected to add further 2,675 units upon their respective completion dates.Knight Frank also indicates that if all on-going projects are finished as scheduled, Phnom Penh could see an additional 20,000 residential units added to its borey portfolio by the end of 2022. This will bring Phnom Penh’s borey stock at an estimated 76,405 units.This influx of new residential units are categorised as Mid-tier developments (64%) whilst the remaining is divided between Affordable (28%) and High-end (8%).At the end of 2019, Knight Frank indicated that approximately 52% of the landed housing supply are flat houses whilst link houses comprise 14% followed by twin villas with 13%, shop houses with 11%, and villas with 11%. Generally, flat houses remained the more popular and sought-after type of landed house, commanding a higher sales rate as compared to the other types.CONFIDENCE DRIVEN BY LOCAL DEMANDDespite the recent disruption from the headwinds including the partial withdrawal of EBA preferential trade arrangements with the EU, the Covid-19 outbreak, and external geopolitical and economic uncertainty, Borey developers’ confidence remains strong, according to CBRE Cambodia’s Q1 2020 market report.The key to this assessment is the launch of more than a dozen projects between September 2019 and March 2020. Project launches by Cambodia’s leading real estate developers such as Chip Mong Land and Borey Peng Houth Group also indicate confidence within the country’s real estate future - now mainly driven by local demand.According to a report by the Khmer Times, the lack of foreign investment has forced developers to search for a new market. And with the absence of the usual clientele, the spotlight has shifted to the local Cambodian market, and about what they want from real estate developers.For example, the high-end condominiums in the capital, which include gyms, rooftop infinity pools, five-star restaurants, movie theatres, kindergartens, and mini-marts, have seen a recent drop in price by up to 50 percent. The continuous lack of foreign investment in recent months has opened up the market for more domestic investment at much more attractive rates.The Borey market itself is seeing the same interest as Cambodians value land as a safe store of wealth. And as COVID-19 drags on, locals are more convinced that a tangible form of security, particularly in landed properties, is more important now than ever. Article by:

As Phnom Penh continues to grow its local brands and attract international names, it only follows that a burgeoning new market will have to start seeing something new in its advertising space. And recently, the city just got something big!PixLed Media International is a digital out-of-home advertising firm making Cambodia’s big LED screen dreams become a reality by delivering the biggest LED screen in the entire country yet. Located along the National Assembly Road, the size of their LED display is hard to miss - something advertisers exactly want in their digital advertising campaigns.But PixLed Media International isn’t merely relying on its status as having the biggest LED screen in Cambodia. PixLed Media utilizes its years of experience and takes advantage of reliable marketing data to determine the utmost value to its clientele.STRATEGIC LOCATIONIts location along the National Assembly Road is hard to miss. It’s a major road artery serving the countless growing residents of Phnom Penh and connects the urbanizing southern districts to the developed city centre. A few notable landmarks are also well within the proximity of PixLed Media Int’l’s LED screen, such as AEON Mall, NagaWorld, and the National Assembly. These high-traffic areas, in both foot and cars, guarantee advertisers hundreds of thousands, if not a million, views on the daily.BIGGEST LED SCREEN IN CAMBODIA“Biggest LED screen in Cambodia” isn’t just a marketing term. Their main advertising asset measures almost 1000sqm and is 12 times bigger than the next biggest screen in the country. Just for scale, a 1000sqm is larger than most single property for sale in Phnom Penh. It’s so expansive that any image/video shown on the screen can be seen for up to 2.5km away.QUALITY IMAGINGOf course, being able to see what’s on the screen 2.5km away isn’t just about the size. PixLed Media Int’l’s display has a high pixel count of making images look sharper and overall a lot more appealing than other LED advertisements in the city. Professionally made ads inspire more confidence and trust - the foundations of any successful commercial brand.APPLIED MARKET INSIGHTSFrom the best time to advertise to recommending the best kind of content for targetted marketing, PixLed Media Int’l takes advantage of researched market insights, and their own experience as digital out-of-home advertisers, to deliver the best possible result/advice for clients.A host of established and popular brands within Cambodia have already partnered with PixLed Media Int’l and are looking to help more businesses and organizations spread their message to a wider audience.If you’re looking to market with PixLed Media International, and take advantage of their market expertise, you may reach them through the information below:Kimberly YoroPhone number: 016 564 970Email: kimberly.yoro@pixled-media.comFacebook: Pixled Media International Facebook

Phnom Penh’s outward expansion continues to see once-rural districts gain a new lease on life. Chamkarmon, Russey Keo, Toul Kork, and Sen Sok are a notable few who have seen considerable urbanization in the past decade alone. And with all this impressive progress, it was only a matter of time until Cambodia’s developers take the next big step in widescale urban development: creating a satellite city.Satellite cities, however, are not alien to Phnom Penh’s real estate market. Koh Poch a.k.a. Diamond Island is a chief example of how feasible the idea is within the Cambodian landscape. The apparent popularity of Koh Pich among the new generation of property seekers has led to the Overseas Cambodian Investment Corporation (OCIC), Koh Pich’s primary developer, planning for another satellite city project - this time in the Nirouth subdistrict of Chbar Ampov.Chbar Ampov itself is a district only starting to see big commercial and residential developments as of late. The biggest and arguably the most popular of these is the upcoming Vue Aston residence in the Nirouth subdistrict.The Vue Aston is a 38-storey luxury waterfront project with residences putting an emphasis on providing comforts similar to what can be found in city centres. It is the most sophisticated upcoming development in Chbar Ampov having only started groundwork in 2020. And while the OCIC’s project is still within its planning phases, the Vue Aston provides us with an intriguing preview of the district’s biggest undertaking yet.Sophisticated residence and amenitiesDevelopments in the city elevated the residential standards of many property seekers. And the Vue Aston certainly accommodates the range of new and sophisticated demands of the Cambodian market.The Vue Aston offers a range of units ranging from studio (up to 55sqm) to 4-bedroom apartments (up to 239sqm). Apart from the 4-bedroom unit, the Vue Aston’s residential portfolio offers potential buyers a selection of different floor plans to choose from. Rooms are adequately designed to allow for easy navigation between rooms; making it easy for residents to be at home, in their new home.The Vue Aston delivers on complementing its fine residences with the appropriate quality of amenities as expected from a true modern project. It takes advantage of its waterfront location by giving residents an unobstructed magnificent view of the Bassac and Mekong rivers. Residents can freely take in these sights while enjoying other amenities such as its fully equipped gym/fitness centre, outdoor swimming pool, and open garden, among many other facilities.A great location for multi-generation livingLocation tends to make or break any property investment. The Vue Aston is squarely in the middle of two of Phnom Penh’s most prized locations in the coming years. To its north is Koh Pich, a commercialized area of its own representing what Phnom Penh’s developers have in mind for the city. While Koh Pich is only currently connected to downtown Phnom Penh to its wast, plans are in place to build a bridge on the island’s southeast area to directly connect it to the Nirouth subdistrict of Chbar Ampov - right in the area of Vue Aston.The Nirouth subdistrict is also planned to have its own satellite city to be built by OCIC. According to initially published plans, the planned satellite city will be a quick drive away from the Vue Aston - an enviable position that could certainly drive property values up once groundwork begins!The Vue Aston is currently offering flexible payment plans for interested early buyers. Let us know if you’re interested and we’ll connect you with the right people at the Vue Aston today!

Phnom Penh - The Luxurious and international-standard Leedon Height Condominium, comprising 4 towers on 1.5 hectare of land in the highly potential part of Phnom Penh, is now opened for booking at special prices, starting from 07 August 2020 onward.The Leedon Height Condominium is surrounded by major projects, including AEON Mall Sen Sok, international schools, Sen Sok Premium Centre, Makro Market, Water parks, Grand Phnom Penh Golf Club, and many others.Mr Horng Pheap, Leedon Height Condominium manager, said this is not his company’s first successful project in Phnom Penh, but this condominium is particularly special in the way that it has been perfectly designed and a joint venture between Cambodian, Singaporean and Taiwanese corporations with many years of experience in delivering high quality residential and commercial developments in Cambodia.Apart from comfortable residence, with unique freshness and wonderful décor, customers will also be entitled to other benefits such as discounted prices and fine furniture.Mr Pheap added that the condominiums project will launch its sales office and hold Foundation Stone Laying Ceremony to begin the construction on 13th August (next week), and the construction is expected to be completed in 2024. On the occasion, the company will be offering special promotions, including discounts and lovely gifts, to our customers.Meanwhile, Mr Ngoung Chhayleang, the director of the sales department, said, “Our condominium is designed based on the vision of “Leaf Anatomy”, which with the road networks resembling the veins on a tree’s leaf, bringing charm to the entire project. These veins will guide us to a wide array of facilities on the compound, including huge swimming pools, kid parks and fitness centres, attributing to a beautiful community.”Mrs Arn Sothida, General Director of CBRE Cambodia, said, “Our project, apart from a high quality, elegance and affordable prices, compared to other projects, we also provide flexible payment scheme to match our customers’ situation.”She added that the prices of other condominium projects in today’s market range from USD 2,500 to USD3,000 per square metre, which are beyond the affordable line of some local buyers. On the other hand, for the Leedon Height, as we prioritise the local people, the price we is offering starts from only USD1,700 per square metre.For more information, call us: 092 92 1000 or email: info@realestate.com.kh.

Nowadays in Cambodia, more and more young people have dreams of having a family and living a quality life.  As people's living standards improve, the demand for modern well-furnished small apartments become more and more popular and driving many real estate enterprises to meet the demand of this sector.As a result, Cambodia's booming real estate market has been dominated by offers of small fully-furnished apartments made presentable and complemented by a good set of amenities. Developers of this new breed of apartments also take location – a deciding factor in property purchases – into consideration as Phnom Penh’s residents are starting to prefer higher quality living that matches their growing purchasing power.Baoli Mansion, a project that started in 2018, is one of this new generation of properties. Baoli Mansion offers a well-rounded portfolio that satisfies for residents and other stakeholders. A complete living and investment solution is provided as residential comforts are packaged with professional property management, making it a highly competitive residential and investment option for many in the market.As of writing, Baoli Mansion’s first phase, which includes a hotel-style apartment building, is nearing the completion of its interior and exterior decorations and is set for handover towards the end of September 2020.Located in the heart of Phnom PenhBaoli Mansion is located in Khan 7 Makara, a centrally-located district of Phnom Penh. Its surrounded by a wide range of affordable and luxury commercial offerings. Banks and vital public services also dot the proximity. The amount of urbanization in this area has been compared to Wangfujing Avenue in Beijing.Baoli Mansion sits at the intersection of Kampuchea Krom and street 139. It’s hemmed by the vital road arteries coming from Monivong Blvd to its easy, Nehru Blvd to the west, Preah Sihanouk to its south, and Russian Federation Blvd to its north.A residence fit for the modern CambodianThe Baoli Mansion offers modern luxury apartments with smart layouts and with full function, which is designed to maximize domestic contentment with a vibe of continuous prosperity.The first phase of the project consists of 28 storeys with 644 units of refined apartments stretching on the floors above the 5th floor. There are five high-speed elevators, 240 car parks, 450 motorcycles parking spaces inside. Each floor plan comprises 28 units of apartments in four different types in a range of sizes between 47-57 square metres, 20 of which has a floor area of about 47 square meters. The net area average rate is about 77.53%, far exceeding the usual utility rate of high-rise residences around.The Baoli Mansion's 6-meter-high grand lobby is not only about style and class, but exuding a sense of home. The residence has an exclusive top-end VIP club, with cafes, gym, restaurants, and bars, which is also accessible to tenants.The FTCP, experienced property management firm based in Taiwan, is going to provide a butler service package to overseas owners, including leaseback, ordinary care, financial settlement, tax law consulting, and other services you can customize according to your needs. Work with them to manage your property, you will be able to gain investment yields and collect without any fuss.To sweeten up the deals, developers offer a 10-year leaseback option to buyers, in which guaranteed rental return will be paid as $8,000 per year during the first 5 years, and then 70 % of rental excluding tax will be paid based on the size of the consigned unit from the 6th to the 10th year. And a plan B would be that developer will offer a price of 120% of the initial cost to buy back property in the Baoli Mansion by the end of the 5th year after handover.The Baoli Mansion is amongst a few great potentials in this prime location, luxury, comfort, and beauty rolled into one, it has been marketed as the perfect dwelling for the urban elite and celebrities, as well as a strategic private investment for international buyers.Interested in this property? Know more by visiting our full listing and let our live chat know!Notice: the register code: REAKH

The surge of new developments has given Phnom Penh a fresh set of choices for its residential and commercial property hunters. Most apparent are the high-end developments that sprung up across Phnom Penh’s busiest districts. But high-end developments, as of recent events, are experiencing a slowdown due to the absence of their usual foreign clientele.In July 2020, the Cambodian government announced the lifting of restrictions on businesses across the Kingdom so long as they meet additional healthcare requirements. The announcement signifies Cambodia’s return to form as a robust investment destination in South East Asia.However, it’s starting to become increasingly clear that not everything will return to how it was before. The widespread pandemic fears significantly shifted buyers’ priorities, and consequently, put the spotlight on other segments of the Cambodian real estate market.Mid-range developments were being constructed before the pandemic but were not the highlights of Cambodia’s property portfolio. Now that Cambodia is seeing economic activity return, these mid-tier properties are starting to attract more Cambodians looking to secure their future - all without breaking the bank.The Hexa condominium is one such mid-tier development garnering the attention of buyers for a lot of good reasons. From its location, amenities, and price, the Hexa condominium offers great value in a market where most people ask “Who’s going to buy that expensive condominium?”LOCATIONThe Hexa condominium is located in Russey Keo district, an urban area north of the Phnom Penh’s downtown. It’s directly connected to the bustling city center via the Preah Sisowath Quay and is conveniently attached to the many roads leading to the highly urbanized areas of Toul Kork and Sen Sok. The neighboring Sen Sok district specifically is also offering some urban highlights such as the AEON Mall 2. Russey Keo district is between Phnom Penh's town center and emerging suburbs estimated to house 600,000 residents.As the extension of Toul Kork's upward momentum and prosperity to its north, Hexa Condo is bound to be a great option for middle-class and professionals, which also provides stylish office space that is crafted for the needs of commercial properties around the area. Residents of the Hexa condominium will have plenty of places to go to as Phnom Penh expands outwards.RESIDENCES & AMENITIESThe Hexa condominium offers a variety of apartments ranging from one to three bedrooms, and between 30 to 64 sqm of net area. Each unit type features a subset of room layouts giving potential buyers a set of choices for their new home. Regardless of the number of bedrooms, each square meter in the Hexa is consciously allocated to provide residents the optimum living experience; moving from one room to another is made easy with this optimal usage of space.The ground floor serves as the building’s main lobby where residents are provided with a wide set of conveniences such as a concierge service, property management, and an open workspace (among many others). A gym, swimming pool, and romantic sky bar are located on top of the building for the exclusive use of the Hexa’s residents. It’s already quite easy to picture a cozy lifestyle at Hexa Condo with everything that’s been mentioned far. And we haven’t even discussed the best part yet!PRICEThe Hexa, for everything it has, is priced well within the mid-tier of the market. Unit sale prices start at $50,000 or a little over $1,300 per sqm. By comparison, most units with the same convenience and proximity to the city center are priced significantly higher, sometimes ~30% more per square metre. This puts the Hexa at a great price advantage in the current Phnom Penh real estate market.Its developer, SJS Construction & Development, a Taiwan-based company, recognizes the growing demand for simple yet high-quality residential projects in Phnom Penh. Their previous project, the SJS1 Borey, was a hit and quickly sold out. The Hexa takes a lot after the borey’s successes and brings the same tried-and-tested quality to condominium hunters in Phnom Penh.

The stage is set for Veng Sreng’s new shopping hotspot: K Mall developed by Urbanland will open to the public for the first time in 2021. More than 40 shops will welcome customers with an attractive mix of much-loved homegrown brands and international retailers, and a variety of dining options.K Mall provides the perfect retail climate to satisfy the long under-served retail needs of this busy neighbourhood. Careful attention to transport linkages means the modern mall can also be easily accessed from other areas of Veng Sreng, placing young, mid-market neighbourhoods within convenient reach of the community mall and all that K Mall has to offer.K Mall, 50% leased before openingThe new community mall offers three floors of retail delight, with easy access to local favourites Lucky Supermarket, Zando and Nata™ Footwear – all fantastic firsts for Veng Sreng. But K Mall is not just about shopping – it’s about relaxation as well. Coffee lovers will be able to enjoy their favourite brew when homegrown cafe chain Brown Coffee opens its latest outlet at the mall’s entrance. Lucky Burger will be serving up tasty burgers to satisfy the Cambodian palate. Avid movie- goers get to watch the latest blockbusters in the all-new six-screen Legend Cinema with Premium Hall and Kids’ Hall.“K Mall has achieved more than 50% in commitment for its retail leasing and we expect more leases to be signed in the coming months. Buying into K Mall’s vision and its strategic location are some of the deciding factors for the support received from our retail partners,” said Mr Hok Kang, Managing Director of Urbanland Asia Investment Co., Ltd.“Much precision and details have been put into consideration of its interior design bringing a whole new experience to shoppers and visitors. We hope that our shoppers will enjoy the one-of-its-kind concept, modern architecture, with an exciting tenant mix to cater to the Cambodian lifestyle.”Street view of K Mall, the walkable and pedestrian-friendly heart of KMH Park on Veng Sreng.KMH Park, A New Masterplan CommunityFronting Veng Sreng Boulevard, K Mall enjoys a strategic location just minutes from Steung Mean Chey intersection and Chom Chao roundabout. The first community mall on Veng Sreng is part of the larger KMH Park, a new masterplan development by Urbanland Asia, a member of the ISI Group. In Phase 1, the 6-hectare development will include 40 shophouses, a 3-storey community mall, 9-storey office tower, football stadium, and leisure park. The project offers young and upwardly mobile Cambodians a place to live, work and play in an integrated mixed-use community that includes residences, commercial office, retail, and green spaces in an open-plan development.KMH Park’s Phase 1 scheme will be one of Phnom Penh’s first integrated live, work and play lifestyle concepts for dynamic urban professionals. The community mall is located across from the 40 shophouses and office tower, marking the gateway to KMH Park. With a leasable area of 12,000 sqm, K Mall will feature a supermarket and cinema, in addition to over 40 eateries and everyday urban essentials. The mall also incorporates generous public spaces in the form of plazas and terraces where other community activities such as festival markets, weekend bazaars and community events can be held. Blending contemporary design, a covered plaza provides an all-weather community and event space within K Mall. Integrating art and culture within the mall, K Mall aims to be a must-visit destination, with the potential of providing public art, outdoor cinema screenings and mini concerts all year round. Customer-friendly amenities along with a parking supply of 700 motorbikes and 300 cars will enhance the comfort and convenience of visitors.40 signature shophouses 80% soldKMH Park features 40 signature shophouses which are setup to accommodate both commercial and residential configurations. A dedicated 5m sidewalk and 5m for parking make for a pedestrian friendly experience. These unique 5.2m x 21m shophouses feature a lightwell that lets natural light in from the top of the shophouse down to the first floor, with every unit having their own corner window facing the main road.Nearing completion, the 40 shophouses are officially 80% sold with remaining options available. Construction is moving along quickly, with move-ins starting early 2021. Only 8 units remain! Secure yours now to own one of these unique shophouses.To schedule a viewing, please contact 078 888 580 / 012 444 371 or visit https://urbanlandasia.com/projects/kmh-park. Opening its brand-new doors to the public in 2021, K Mall will welcome shoppers daily. Be the first tenant to open its doors in K Mall. Reserve your spot now at 099 888 596 or visit https://urbanlandasia.com/projects/k-mall for more information.Located across from K Mall, the signature 40 shophouses is designed to maximise opportunities for communal and commercial activities spilling over from the community mall.The 5.2m x 21m shophouses feature a lightwell that lets natural light in from the top of the shophouse down to the first floor, with corner windows facing the main road.5-metre wide walkable sidewalks, spacious parking and treelined streets are standards at KMH Park.Drone flies over KMH Park showcasing the construction progress of the initial phase 1 of the 40 shophouses and office tower (left), and K Mall (right) to be completed in phases over the next year.About K MallStrategically fronting Veng Sreng Boulevard, K Mall is just minutes from Steung Mean Chey intersection and Chom Chao junction. The new community mall is easily accessible via National Ring Road 3 and Hun Sen Boulevard from the south. With 12,000 sqm of leasable space spread over three floors, K Mall exudes vibrancy with exciting food & beverage options, convenient grocery shopping, entertainment, stylish fashion offerings, creating a one-stop shop for the local people’s daily needs in the heart of Veng Sreng.About UrbanlandFounded in 2013 by Cambodian architect Hok Kang and a member of the ISI GROUP, Urbanland has since gone on to earn a name for itself as a full-fledged developer with a particular penchant for aesthetically-appealing lifestyle concepts, as can be seen in its award-winning developments of Raintree (commercial), Embassy Residences and Embassy Central (luxury condominiums), and Siem Reap’s first luxury art & design hotel Treeline Urban Resort. Urbanland continues with another first - the new KMH Park masterplan development on Veng Sreng is a long-term vision to transform the existing industrial land to a mixed-use business and lifestyle hub with office, retail, residential, parks and green spaces.For more information about Urbanland’s projects, visit urbanlandasia.com.

Serviced apartments in Phnom Penh were growing in popularity prior to the global outbreak of COVID-19. Supplied.Serviced apartment rental quotations slid in Q2 2020, according to CBRE Cambodia. This downward adjustment was seen across the Grade A and B tiers of the market as a result of economic strains caused by COVID-19 and by the entry of new hotel supplies in Phnom Penh.According to CBRE’s Q2 market report, rental quotations (price per sqm) slide down by 13% and 10% for the Grade A and B segments, respectively, compared to figures in H2 2019. CBRE reports that while many tenants, especially expats, have vacated their rental properties, some agreements of 3 to 6 months have been signed within the recent few months. Though this has not made up for the lost market.Additionally, the report cited no new serviced apartment projects were opened and launched during Q2 2020. CBRE cites that the current supply of serviced apartments number 2,725 units, most of which are located in the highly commercialized areas of BKK1 (42%) and Daun Penh (24%). Hotel units are the primary competitor of serviced apartments as residential offerings are comparable to one another. As a result, the entry of new hotel supply is applying additional pressure on the serviced apartments sector on top of the stiffer competition caused by the dwindling tourist/expatriate market.In June 2020, the government enacted a $3,000 deposit and $50,000 insurance requirement from tourists and businessmen entering the Kingdom. The measure was designed to minimize the risk of infected persons from causing a second outbreak in Cambodia. Both the deposit and insurance requirements were eventually waived in principle by the Cambodian government to help ease the burden on its tourist sector.The relaxation of entry requirements, coupled with the announced reopening of schools starting in August, is expected to attract expatriate back in the country. Though it is unlikely that a quick recovery will be seen considering that most countries still have travel restrictions in place.Article by:

Are you ready to own the hottest property coming to Chbar Ampov? The Vue Aston’s VIP sales event is happening on August 1st and it’s offering big savings with cool prizes to win on the side!WHERE: Vue Aston Sales CenterWHEN: August 1, 2020 @ 14:00 to 20:00What can I get from the event?Participating in the Vue Aston sale event allows you to secure a discount when you make a qualifying booking fee during the event. And this booking fee is often where the promo ends, but not with Vue Aston!Vue Aston will double every qualifying deposited in value. This doubled value will then be deducted from the final sale price! This double deposit only applies to the following deposits made:Deposit $1,000 and it will be worth $2,000Deposit $2,000 and it will be worth $4,000Deposit $5,000 and it will be worth $10,000 (cap)The double deposit amount will then be deducted from the final sale price of the unit.NOTE: This deposit/booking fee is a non-refundable transaction. And the deduction will only apply for 10%, 30%, and 50%, full payment methods.Additional prizes such as TV, refrigerator, washing machine, air conditioning, and even a moto worth $3,000 - will be raffled off during the event!How do I join the event?Joining the event is easy! Simply register on the Vue Aston VIP Sales Event portal. Then on August 1st, be sure to confirm your attendance at the reception booth for the event.Get a FREE RIDE to the Vue Aston Sales CenterThere are multiple ways of getting to the Vue Aston event this Saturday, August 1. From cars to mobile apps, confirmed attendees can easily get to the Vue Aston Sales Center.To make things easier, confirmed attendees can download the LM Car app to get an easy ride. Participants can simply use the same phone number they used to register for the event to claim a FREE COUPON to use for a ride heading to the Vue Aston Sales Center.LM Car app link: https://cardownload.lemajestic.com/pc/ Article by:

An all-new holiday destination is opening this summer. But it’s not your typical holiday getaway as it’s opening right in the south of Phnom Penh! Holiday Outlets, a new premium outlet mall, will bring in never-before-seen international brands in the Kingdom, and serve as home to local entrepreneurs showcasing the products unique to Cambodia’s culture & traditions.Recognising Cambodia’s commercial successesRoyal Sino Investment Group (RSI), a private investment and management enterprise operating in Cambodia since 1996, has seen first-hand the massive growth the Kingdom has been undergoing in the past decade. Holiday Outlets is the group’s latest project aimed to contribute to that same growth by creating a venue where Phnom Penh’s increasingly savvy shoppers can satisfy their taste for something new.The first premium outlet mall in Phnom PenhHoliday Outlet will be the first premium outlet in the city featuring big international brands making their maiden entry into the Cambodian market. Several hundred stalls will feature familiar names most Cambodians have only seen in overseas markets. With Holiday Outlets, these foreign brands will be a quick drive down south in Meanchey district.But Holiday Outlets isn’t just about familiar brand names. After all, merely offering familiar brands aren’t exactly new.Nurturing local entrepreneurship and tourismHoliday Outlets takes inspiration from the traditional Cambodian markets that grew to identify the country as a prime tourist destination. Several hundred stalls are reserved primarily for local entrepreneurs looking to venture into developing their own business ideas.The Holiday Square, a section of Holiday Outlets, will house these stalls where tourists and locals alike can find new homegrown offerings such as food & beverages, gifts & souvenirs, clothing, and a whole lot more.With both local and international tastes being found in one place, Holiday Outlets is set to become Phnom Penh’s most exciting shopping destination.Breaking the retail outlet modelTo ensure a profitable income, Holiday Outlets provides a unique Buyback Scheme to all buyers.Buyback Scheme is an option that allows buyers to sell their purchased unit(s) back to the project owner to earn a guaranteed profit, by 130% of their purchase unit(s).Holiday Outlets offer two packages designed for young entrepreneurs, business owners, and foreigners.Package AIf you have plans to start a business in Holiday Outlets, Package A will have you covered with benefits such as:Kickstarting a business idea with a like-minded communityLow maintenance feeEntitled to 24-month Installment PlanEntitled to Buyback SchemePackage BIf you simply want to own a retail space and do not have plans to kickstart a business, Package B will be your go-to choice, with benefits such as:Immediate lease back to contract with the project ownerEarn passive income which exponentially increases over the yearsHassle-free managementEntitled to 24-month Installment PaymentEntitled to Buyback SchemeWith these flexible packages, Holiday Outlets will make it easy for young entrepreneurs and buyers to set up their business and flourish in Cambodia’s growing consumer market.*For package A, business owners have the option to sell the purchased unit back to the project owner after 5-years, 10-years or 15-years with their total capital plus an additional 30% profit (130% in total).*For package B, investors have the option to sell the purchased unit back to the project owner after 5-years, 10-years or 15-years respectively. For every 5 years, the total income increases exponentially, ensuring a highly profitable investment.For more information about this project, please call 092 92 1000/099 551 066 or visit https://holiday-outlets.com/.

Cambodia’s robust economic growth was severely hampered by the outbreak of COVID-19. The real estate market, in particular, felt its effects as both international and local buyers’ priorities shifted with the onset of the global pandemic.In Q1 2020, CBRE Cambodia, a property consultancy firm, released a report citing the first signs of a downward trend of property sale and rental prices due to weakening economic activity. And as COVID-19 continues to spread in the rest of the world, the same fears and precautions persist in the Kingdom, continuing to drag segments of the market down, but not everywhere.Condominium sales and rentsIn Q1 2020, CBRE Cambodia released a report citing Phnom Penh condominium sale price decreases of up 0.5% and 1.5% for the high-end and mid-range of the condo market, respectively. The affordable market during the same period, however, saw a slight uptick of 0.3%.The trend for each market segment continues in Q2 2020 as condominium sale prices further decreased by 4.0% for the high-end and 4.6% for the mid-range market. This puts market average prices for the high-end market at ~$3,200 per sqm and the mid-range at ~$2,600 per sqm. The affordable market, on the other hand, remained steady during the course of Q2 2020 at ~$1,550 per sqm.Rental prices in Q2 2020 continue the downward trend seen in Q1 2020. In the first quarter of 2020, CBRE Cambodia cited a quarter-on-quarter decrease of 0.4% and 0.6% for the high-end and mid-range segments of the market, respectively. This downward trend continues in Q2 2020 as mid-range rentals suffer a 5.7% decrease while the high-end market slumped down by 7.25%.According to CBRE Cambodia’s report, as negative corrections continue, it’s important to remember that the true extent of COVID-19’s economic impact is yet to be determined. Prices will likely continue to experience downward pressure until international travel restrictions are eased.Retail space rentsAccording to CBRE’s Q1 2020 report, the decrease in foot traffic in Phnom Penh’s retail centres saw a sharp drop due to the spread of COVID-19. Low retail sales have translated to quoted rentals rates being slashed by as much as 10.5%, the sharpest reduction in 4 years.The retail market in Q2 2020 continues to face this downward trend as rents in shopping malls have fallen by 11.7% for shopping malls and 2.48% for retail podiums. According to CBRE’s report, Google mobility indicators suggest that foot traffic to retail malls are still down by 17% compared to pre-coronavirus levels. This is an improvement, however, to the -42% foot traffic back in mid-April at the height of the scare in Cambodia.Office space rentsQ1 2020 marked stiff competition for tenants among office space landlords. The entry of new office buildings in Phnom Penh in Q2 2020 has piled on the competition and put pressure on Grade B office rentals in Phnom Penh.According to CBRE Cambodia’s Q2 2020 report, the rental rates across the Grade B centrally-owned office sector corrected downward with Grade B CBD & (non)CBD rents slipping, 3.14% and 2.89% respectively. However, Grade C CBD and Grade C-(non)CBD both adjusted upwards by nearly 8.00% and 4.50%, respectively.Article by:

As modern cities expand, large-sized residential units located in the center centre start to become more popular, especially with the high-end of the market. These opulent spaces, outfitted and styled with luxury fixtures, are often surrounded by amenities that make living in these spacious units a must-have for property buyers who only settle for the best.Popular examples of these large, almost villa-sized residences, can be found in the most coveted addresses from around the world such as 15 Central Park West in Manhattan, New York, One Hyde Park in central London, and the Cullinan in Hong Kong.Soon joining these collections of high-end properties is the luxury high-rise development of Sky Villa, located in Phnom Penh, the capital city of the Kingdom of Cambodia. And its handover, starting in August 2020, will see the first of Phnom Penh's residents experience true luxury at the center of South East Asia's next investment destination.The 140-metre high twin towers of Sky Villa are already garnering a status as the most desirable upcoming luxury development in Phnom Penh. It enjoys the comforts and conveniences of living in the city centre, while simultaneously offering the side breathing spaces usually only found in villas.The Sky Villa puts a great deal of focus on providing a sense of great artistic style. Its architect, C.Y. Lee, one of the designers of the famous Taipei 101, Kaohsiung 85 Sky Tower, and Chung Tai Chan Monastery, has lent his skill and talent in molding The Sky Villa into the next iconic landmark in the heart of Phnom Penh.Given the talent and skill behind it, Sky Villa sets a new bar for luxury residential architecture. It is the pinnacle of luxury living in Phnom Penh and sets itself apart from other developments with its extraordinary offerings.The Sky Villa offers a total of 256 units for sale. The units range from 270 to 509 sqm of living space, making them the biggest condos in Cambodia. These units were specifically designed for both personal and multi-generation living. The 34-storey twin towers are the latest landmark to Phnom Penh, a city dubbed “Pearl of Asia”, and it houses only four units of an apartment on each floor are built with extra-high ceilings between 3.6 to 4.1 metres.Sky Villa's magnificent grand lobby stands 10 metres high and is bathed in natural light. There are classy twin staircases leading to a banquet & ballroom on the mezzanine, ideal for special occasions requiring a grand celebration or the quiet luxury for private gatherings. Whatever it may be, the Sky Villa can host a wide range of events.To the top floor, a world of color is introduced. A spectacular sky-high view of the city indulges residents with the beauty of a developed cityscape. Surrounded by greenery and flowers, a variety of top-class amenities on the top floor including a shy pool, fitness centre, sauna & spa, kid pool & playground, and a bar serve you to your almighty well being. More than these, as to nourish both your body and soul, there is a Sky Villa Club with a wine room and VIP room serving the private catering and a reading area alongside.Each apartment in Sky Villa is a product of delicacy, exquisiteness, and luxury, and showcases talent and skills that create harmonies between urban life and nature.The Sky Villa’s in-house services make it a genuine extension of a luxury lifestyle as its staff can assist you in making everyday life much easier. These include organizing transport, housekeeping & laundry, grocery shopping, secretarial services, events planning, and many more. Its 24/7 concierge can help give you inside knowledge of the surrounding area; granting you a more vibrant experience of Phnom Penh’s many facets of business and entertainment.A four-storey car park is located underground and around-the-clock surveillance of CCTV is present to give you the peace of mind you deserve.A part of Sky Villa is dedicated to featuring an ample outdoor area embraced by rich greenery and clusters of flowers. Residents have the freedom to decorate and energize their home with a natural feel, regardless of the hustle-and-bustle of the city outside. Sky Villa definitely offers the best of both worlds for its residents.The Sky Villa sits on the Poland Republic Boulevard within the capital’s busy 7 Makara District, with Cambodia’s National Olympic Stadium to its South. The traffic convenience means BKK, considered to be one of the commercial go-to places in Phnom Penh, is just a short drive away!The Sky Villa is also close to a number of foreign agencies, embassies, banks, and other multinational companies headquartered nearby. Olympia Mall, however, would be the primary shopping mall for residents as it is just around the corner. Other malls such as AEON Mall 1, Russian Market, and Central Market, are all reasonably close by and offer great alternatives.Of course, city life offers more than fun and games. Families, especially, want a great place for their upbringing. A range of good schools are scattered all throughout Phnom Penh and most of them are located well-within 7 Makara. Sky Villa is a dream home for both individuals and families looking for every need and wants within reach.The luxury and leisure of lives in Sky Villa allows everyone to find a corner that they can call their own! So why the hesitation?The Sky Villa will soon be handed over to early buyers starting in August 2020. By then, it will become the new landmark development in Phnom Penh known as "Pearl of Asia". Ever dreamed of owning an apartment the size of a villa for an affordable price? Sky Villa offers the best of both worlds, just waiting for you.

Have you ever driven down Mao Tse Tung boulevard and noticed a house with a peculiar roof? Orange in color, curved, and pointed at its corners? It sits atop a house placed squarely in a wide plot of land, enough for a family or two, with enough breathing space to enjoy a relaxing weekend, even at the center of Phnom Penh. Many have seen it, and a lot have probably wondered who owns such a home.Well, that’s the home of one of Cambodia’s most prominent minds and once-chief architect, Vann Molyvann.Vann Molyvann rose to prominence in the 1950s and 1960s as the nation’s State Architect. He designed many of the iconic structures in Cambodia, including The National Sports Complex, Chaktomuk Conference Hall, and the Independence Monument.Vann Molyvann’s designs came to have a distinctive blend of modernist principles and traditional Khmer architecture, this combination underpinned all his works and soon came to be known as New Khmer Architecture.While his public works earned him his status as the Kingdom’s most prominent architect, his previous projects required him to take public use into consideration. When it came to the design of his personal residence, however, Vann Molyvann recalled the opportunity as a “chance to play”.Located along Mao Tse Tung Boulevard, his house proudly stands as an example of the New Khmer Architecture amid an area largely composed of rectangular townhouse-style shops and other traditional Khmer residences. Built back in 1966, Vann’s home occupies 924sqm of land and it was considered to be a masterpiece of home design during its time and a reminder of Cambodia’s rich intellectual prowess today. Designing his home became an outlet for his creativity, leading to its simple yet elegant facade incorporating exquisite details not found in many homes in Cambodia. His home features his iconic parabolic curved double-layered roof - considered to be a feat of engineering during his time. Vann designed his home to take advantage of Cambodia’s tropical climate by focusing on ventilation, spacious interiors, and the inclusion of other creative designs such as allowing sunlight to pour in while simultaneously shielding from its striking rays. Spending time within this piece of history allows one to see the fine details and ideas Vann pioneered throughout his illustrious career.Vann’s home consists of 2 floors with a total floor area of 768 sqm consisting of 4 bedrooms, 5 bathrooms, a paved covered lawn, a backyard garden, and a balcony on the upper floor overlooking Mao Tse Tung Boulevard.Its location, being quite centrally located, gave its residents the ease of getting to anywhere within Phnom Penh. The surrounding area is populated with dining, entertainment, and shopping options -- most notably the Russian Market, The Point Community Mall, and the AEON Mall 1, all of which are within 5 minutes' drive if not walking distance. Restaurants, retail shops, schools, banks/ATMs, hotels, clinics, pharmacies, bakeries, cafes, pagodas, churches, and other amenities, are well within reach.The Vann Molyvann residence offers the rare trifecta of having location, design, and is one of Cambodia’s landmark structures, from one of the country’s finest architectural minds. To own such a unique piece of Cambodian history grants its owners the unique leverage of an almost guaranteed increase in value over time, on top of living in a home designed by one of the Kingdom’s most prominent historical figures.Interested in owning the iconic Vann Molyvann Residence? You may reach out to the following details:(+855) 77 959 861inquiry@independentpropertyservices.comYou may also visit the Realestate.com.kh listing for the Vann Molyvann Residence to know more:Article by: