The new Phnom Penh International Airport’s construction is going swimmingly despite recurring and torrential rains in Phnom Penh and Kandal province.Sin Chansereyvutha, spokesman for the State of Secretariat for Civil Aviation, said that while progress was being hampered by heavy rains and floods, contractors on the ground have taken the necessary measures to ensure vital aspects of the project are completed as planned.According to him, around 30% of the airport is expected to be completed soon. The State Secretariat for Civil Aviation is reportedly releasing an update once it hits its milestone.The construction of the new Phnom Penh International Airport began in 2019 and is being built and managed by the Overseas Cambodia Investment Corporation (OCIC) to the tune of $1.5 billion.A design by Heerim, a South Korean architecture & design firm, for the new Phnom Penh International Airport in Kandal province - set to open in 2023.The project covers 2,600 hectares and will include support for residential and commercial areas, making the airport’s vicinity a new property hub once fully operational. The first phase of the project is expected to be completed in 2023.Looking for property in Cambodia? Let us help!Article by:

Cambodia’s reopening will treat tourists to this sight of Siem Reap’s evening skyline once again. Photo from Wikipedia.org.The plan to reopen Cambodia continues to unfold with the Ministry of Economy and Finance officially launching Siem Reap’s Master Plan 2021-2035.Implementation of the plan begins this year to turn Siem Reap and its surrounding areas to cater to a wider range of tourists, with a focus on high-spending tourists, and minimizing adverse impacts on the Angkor Wat temple complex.The low cases from Pchum Ben, one of Cambodia’s major holidays, was an important milestone in Cambodia’s fight against COVID-19. And with new cases well within manageable numbers, the government has decided to roll out mechanisms to reopen the Kingdom to international travel.The famous Pub Street is often the go-to for foreign tourists in Siem Reap and the new Master Plan envisions tourism beyond a great night out. Photo by the Khmer Times.The Siem Reap Master Plan 2021 - 2035 is one of these mechanisms. Siem Reap is widely known as a tourism generator for the Kingdom. In 2019, Cambodia’s tourism contributed 12.1% of GDP by generating USD 4.9 billion in revenue and directly generating around 630,000 jobs. The new Master Plan cites Siem Reap as a microcosm of how big of an impact the tourism sector has on the socio-economic development of the country.To reinvigorate activity, the new Master Plan highlighted the importance of creating a tourist circuit that invites tourists to stay longer and visit more places in and around Siem Reap. Destinations specifically mentioned in the Master Plan:Jayavarman-Norodom “Phnom Kulen” National ParkPhnom Kulen is a park frequented by locals and eco-tourism enthusiasts from abroad. Photo by @asiantrailsltd (Instagram).The strategy for the development of Phnom Kulen National Park is for it to become a faith, religious, natural, adventurous, and research destination qualified to host both domestic and international visitors. The Master Plan proposes developing Tek Tlak Thom, creating Ashram meditation centers, and organizing yearly religious events.Banteay SreyPhoto from Cambodia Angkor Tourism.Because Banteay Srey is on a tourist transit route, the area should take advantage of the tourist flow. Additionally, every tourist attraction in Banteay Srey involves agriculture to varying degrees. Combining these two factors provides good opportunities for a tourist circuit (Agro-tourism and rural tourism) which are popular among European, Japanese, and Korean tourists.Angkor Heritage siteThe Angkor Wat Temples attracted millions of tourist every year prior to COVID-19. Photo from the Khmer Times.Given zoning restrictions in the Angkor Heritage site, the strategy to improve this area mainly revolves around tourist flow management, Protecting the Environment in the Angkor heritage site, and Enhancing Governance of the site instead of major infrastructure developments.Siem Reap properPhoto of Siem Reap proper from the Khmer Times.To achieve the Siem Reap tourism development goals of transforming into a world-class tourist destination and offering tourists good memories, Siem Reap city will take a major role in enhancing and improving the attractiveness and providing tourists.  The Master Plan envisions improvements in Siem Reap proper to be urban landscaping and incorporation of technology in managing the heritage town. One of the more concrete examples of this is the $150 million 38-road project currently being undertaken all over Siem Reap.Tonle Sap Lake areaThe Tonle Sap Lake is a major source of livelihood for many Cambodians, in more ways than one. Photo from the Khmer Times.The Siem Reap Master Plan 2021 to 2035 plans the development of tourism products in Tonle Sap through the integration of 5 main destinations, namely: Tourism Community at Chong Khneas (near Phnom Krom), Eco-tourism community at Boeung Pea Raing, Nature-based tourism community at Kampong Phluk Village, Eco-tourism community at Kampong Khlaing and Nature-based tourism community at Mae Chrey.New Siem Reap tourist siteImage of Siem Reap development plans from Hello Angkor.This new Siem Reap tourist site is envisioned to be a hub for luxurious hotels, golf courses, theme parks, technology parks, international medical centers, tourism commercial centers, international exhibition centers, second home centers, stadiums, and residential areas.The development of the new Siem Reap tourist site will require a precise study on the urban landscape, supporting infrastructure, and a clear and comprehensive development mechanism.Looking for property in Siem Reap? Let us help!Article by:

The bridge is expected to alleviate the growing traffic congestion in Phnom Penh. Photo (July 2021) from Cambodia Development.The Ministry of Public Works and Transport recently reported that the new concrete bridge connecting Russey Keo and Chroy Changvar is about 60% complete. The new concrete bridge will connect National 5 in Russey Keo to National Road 6 in Chroy ChangvarA temporary bridge, parallel to the bridge being constructed was erected to service travelers. This bridge will be dismantled once the concrete bridge is finished sometime in October 2023.The new bridge is around 900 metres long and 20 meters wide. A sidewalk measuring 1.25 meters is also provided on each side of the bridge. Construction of the bridge began in October 2017 with a budget of $35 million dollars.Aside from alleviating the traffic, this new bridge will also facilitate better movement between Russey Keo and the fast growing district of Chroy Changvar, notable for its booming property market made up of high-rise condominiums in the south and sprawling boreys from big Cambodian developers towards the north.Key developments in the area include WorldBridge Sport Village, the Peninsula Private Residences, and La Vista One.Looking for property in this area? Let us help!

Both national and local governments are working together to push Sihanoukville's development post-casino boom. Photo from Discover ASEAN Facebook.Cambodia is following neighbouring Thailand’s quarantine-free tourism scheme to restart international tourism. The Ministry of Tourism (MoT) will start offering quarantine-free visits for fully-vaccinated travelers to Sihanoukville, Koh Rong, and Dara Sakor Resort starting November 30.The MoT designated these packages will apply to tourists who stay for at least 5 days, after which they will be allowed to travel across the Kingdom after testing negative for COVID-19.MoT Spokesman Top Sopheak spoke with Khmer Times that this is part of a strategy to revitalize international travel.“There are two options for these quarantine-free visits. One is that the foreign visitor must come on a group tour package to these destinations. The other is for families or small groups who are high-end tourists,” he told the Khmer Times.Sopheak noted that the visitors must fly directly to Sihanoukville for this new provision to apply. He added that this rule will apply to Siem Reap in January 2022.The spokesman also said the MoT is looking into the possibility of allowing quarantine-free visits from Thailand - which is also rolling out mechanisms for quarantine-free travel in a bid to restart its ailing tourism industry.Sihanoukville is being developed to be a commercial hub of its own complemented by its beaches. Photo from Discover ASEAN Facebook.Cambodia Association of Travel Agent president Chhay Sivlin, president of Cambodia Association of Travel Agents, told Khmer Times that the reopening of certain destinations for vaccinated tourists is a first step to bringing the tourism sector back to life.Many businesses, according to her, have struggled due to the drop in tourists resulting from international travel restrictions and quarantines that discourage tourists due to additional costs and time requirements.Preah Sihanouk spokesman Kheang Phearom also spoke to Khmer Times that the sandbox initiative is a great pathway to reopening the country and restoring the national economy.“I am really pleased with the framework which was just released and provincial authorities will push harder to be ready to welcome back the foreign tourists,” he said.“Officials will prepare and instruct all residents, especially business owners to be well prepared by ensuring standard Covid-19 preventive guidelines are in place and we will strengthen the services to warmly welcome tourists,” he told Khmer Times.Cambodia’s tourism sector has largely suffered more than a 90% decrease in total inbound travelers in 2021. The lack of tourists has had devastating effects on the Kingdom’s tourism, valued at $5 billion in 2019.The recent announcement by the government to roll out mechanisms to once again receive international travelers comes off the back of Cambodia’s high vaccination rates.Looking for property in Sihanoukville? Let us help!Article by:

The 38-road project is a major undertaking in Siem Reap that turned roads upside down during its early phases. Photo from MPWT Facebook Page.The 38-road project in Siem Reap is approaching completion, having reached 84% completion, with some roads already being used by the public, within 11 months from the start of the project. The 38-road road project is expected to be completed towards the end of December 2021.HE Sun Chanthol himself inspect the progress of the construction, keeping a promise made in early 2021. Photo from MPWT Facebook Page.Minister of Public Works and Transport, HE Sun Chanthol, personally inspected the progress of the 38-road project in Siem Reap. The 38-road project began in the first quarter of 2021 and took advantage of the tourism lull in the temple town to make the necessary major works in a short span of time.The inspection of the MPWT was to check the quality of the road work in accordance with technical specifications laid out earlier in the year. The MPWT Minister, in an earlier report, noted that the roads will be frequented by a range of vehicles ranging from regular private vehicles to trucks, and the roads must be suitable to meet such demand.The 38-road project covers roads within the city, the temple heritage sites, and surrounding areas. Photo from the MPWT Facebook Page.The 38-road project covers a total road network of 248km including underground sewage systems. The project has an estimated cost of $150 million.The new roads, once completed, are expected to improve the quality of life, especially in terms of daily transportation for Siem Reap and those traveling through it. The news also comes in time for Cambodia’s reopening to tourists and investors starting October 2021 and the implementation of the Siem Reap Master Plan 2021-2035.Looking for property in Siem Reap? Let us help!Article by:

Realestate.com.kh is proud to announce the third annual Cambodia Real Estate Awards (CREA 2021-22). This online gala event is held to recognize and celebrate outstanding results and achievements within the Cambodian Real Estate industry.CREA 2021-22 award categories are divided into the following disciplines in real estate:Real Estate Agency AwardsReal Estate Developer / Development AwardsReal Estate Hall Of Fame AwardsWith the growing number of property developments popping up in the Kingdom, we realize the need to recognize these developments in their own right. Thus, CREA 2021-22 is pleased to announce the inclusion of “Real Estate Developer & Development Awards” as a new category to this year’s awards ceremony.Benefits of joining CREA 2021-2022The Cambodia Real Estate Awards 2021-2022 will be a prestigious event celebrating the best of the best in Cambodia's booming real estate sector. Joining the CREA 2021-2022 allows agencies and developers to establish themselves as recognized and trustworthy members of the industry. Winners and nominees also get the following:Expose your brand & development to local & international buyers, homeowners & investorsJudged by respected leaders in the Cambodia real estate industry and the general publicEndorsed by the Ministry of Economy & FinanceWinners receive the CREA iconic trophy & winners plaque to display in your office, showroom & at eventsWinners receive the official CREA seal to use on all marketing material for your developmentWho Can ParticipateAll licensed firms and individuals are allowed to participate in CREA 2021-22, regardless of the size or wealth of their operation. With industry and government involvement from The Ministry Of Economy & Finance, The Cambodian Valuers & Estate Agents Association, as well as, The Housing Development Association of Cambodia, participants can be sure that the process is objective, fair, and done with integrity from start to finish. All these steps are taken to recognize the achievements of the Cambodian real estate industry objectively, fairly, and on a wholly inclusive basis.How To ParticipateTo participate in CREA 2021-22, please get in touch with our team or download the relevant submission form here.Benefits of ParticipatingFurther strengthen your position in the Cambodian real estate marketBe recognized as a leader in the Cambodian real estate industryNetwork with fellow professionals from Real EstateLearn more about new industry developmentsReceive an iconic Cambodia Real Estate Awards trophy and certificateReceive marketing assets to leverage across your businessInterested in learning more about CREA 2021-22? Visit our website at www.cambodiarealestateawards.comOr follow us on Facebook at ‘Cambodia Real Estate Awards’Enter the Cambodia Real Estate Awards 2021-2022Key ContactsDevelopers & Development Awards Entry Contacts:English & Khmer:  Name: Khiem Darina Stefania (Steff) Position: CREA Developers & DevelopmentEntry Facilitator & REAKH Relationship Manager Email: stefania.khiem@realestate.com.kh Phone: +855 (0) 10 699 333 Chinese:  Name: Taing Muyngy (Muyngy) Position: CREA Developers & Development Entry Facilitator & REAKH Relationship Manager Email: muyngy.taing@realestate.com.khPhone: +855 (0) 10723379 Agency Awards Entry Contacts:  English & Khmer: Name: Tin Mashington (Ton) Position: CREA Agent Entry Facilitator & REAKH Relationship Manager Email: ton.mashington@realestate.com.khPhone: +855 (0) 81 305 205Chinese: Name: Taing Muyngy (Muyngy) Position: CREA Agent Entry Facilitator & REAKH Relationship Manager Email: muyngy.taing@realestate.com.khPhone: +855 (0) 10723379Cambodia Real Estate Awards - Sponsorship Contacts:Name: Jeff Steeves Position: Business Development ManagerEmail: jeff.steeves@realestate.com.kh Phone: +855 (0) 85 250 962

National Road 5 is one of the major road arteries being developed throughout Cambodia. Photo from the Khmer Times.Pursat Governor Chiao Tai has requested the Inter-Ministerial working group to prioritise work on Pursat province’s section of the National Road 5 (NR5). The governor aims for the section to be completed by year-end or 2022The National Road 5 has a total length of 366km and runs through several provinces, namely, Kompong Chhnang, Pursat, Battambang, and Banteay Meanchey. NR5 serves as an economic corridor connecting the border province of Beantey Meanchey to the capital Phnom Penh. Rehabilitation of the major road has been more a than decade’s-long endeavour segmented into each province it runs through. The project is supported and monitored by the Japan International Cooperation Agency (JICA).The Battambang-Serey Sophorn section was the first to be completed and is currently in use by the public since September 2021.The remaining 3 sections are currently being rehabilitated are Prek Kdam-Pursat (set for 2022), Pursat-Battambang (set for 2023). The final section, Prek Kdam-Poipet, is currently on hold as bidding for the project is ongoing but is aimed to be completed by 2024.The Pursat section of the NR5 will be 23m wide and is expected to support growth for trade, tourism, logistics, and investment in the North-Eastern corridor of Cambodia.Looking for property investment in this area? Let us know!

Last Oct 19, 2021, Prime Minister Hun Sen gave a special message after the Pchum Ben holidays formally concluded. In a special message sent Tuesday, the PM said that after the Pchum Ben festival, there was no outbreak of COVID-19 when the activities of the people were open.The Prime Minister considers this result to be powerful and a result of vaccination, which Cambodia achieved almost 100% as planned.In August 2021, the Mekong Strategic Partners (MSP) published a report detailing Cambodia’s swift progress in its vaccination in terms of vaccination doses per capita and leading most of its ASEAN neighbours, only surpassed by Singapore.The IMF World’s Economic report suggests that the rate of vaccination is a good indicator of when economic recovery can begin. “Vaccine access has emerged as the principal fault line along which the global recovery splits into two blocs: those that can look forward to further normalization of activity later this year (almost all advanced economies) and those that will still face resurgent infections and rising COVID death tolls.”The government set Pchum Ben (October 5-7), a major 3-day holiday in Cambodia, as a benchmark of how effective Cambodia’s vaccination campaigns have been. And with cases falling well below threshold, the government hinted at more concrete steps for reopening.On October 18, the Royal Government, through the Ministry of Health, announced new travel rules allowing investors, experts, workers, and tourists to visit Cambodia with reduced quarantines times and cost provided they have the proper documents and vaccinations.A report by the Khmer Times quoted Anthony Galliano, CEO of Cambodian Investment Management. “There is clear bias given to business travelers with priority given to spurring the economy, a continuation of stalled projects, and to stimulate faltering Foreign Direct Investment.”EuroCham President Tassilo Brinzer also told Khmer Times, “It seems a bit overly detailed and regulated – let’s face it, Cambodia has one of the most successful records in fighting COVID-19, including vaccination rates, and should proudly be opening again, equally for everyone with the respective safety certificate.”To further support a reopening of the market, the Royal Government has reinstated the issuing of E-Visas for travelers. However, as of posting, Visas-On-Arrival is not yet available.New travel requirements to CambodiaAnd while Cambodia is opening back up for international business and travel, the challenge of airlines chartering regular flights to the Kingdom remains uncertain in the short-term.Nevertheless, PM Hun Sen continues to call on those who are not yet vaccinated in Cambodia. In a report by the Khmer Times, he said, “Get vaccinated to get health protection from COVID 19 because the vaccine is the most effective way to resist this vicious disease.”Article by:

Realestate.com.kh in conjunction with the CVEA and the Ministry of Economy and Finance (MEF) is proud to announce the launch of the Cambodia Real Estate Awards 2021-’22. Over the past 5-10 years, we have witnessed huge growth in the Cambodian real estate industry and as such, entries are now officially open to recognise high performing real estate agencies and property developers including landed property, condominium developments as well as commercial property from across the sector at the Cambodia Real Estate Awards 2021-’22.This is the first time in the history of the Cambodia Real Estate Awards that there will be a range of categories for property developers, “Previously the Cambodia Real Estate Awards was solely focused on agents and agencies in Cambodia, given the competition and growth in new developments in Cambodia it made sense to add developers to the awards”, noted Head Judge, Eric Wong. Tom O’sullivan, CEO of Realestate.com.kh highlighted both C-19 and the growing Cambodian middle class as major trends that have shifted the market in recent years. “In combination with the growing Cambodian middle class and the effects of COVID-19 we have seen a remarkable change in the industry. One of the major trends has been the shift for condominium developers, away from being heavily focused on international markets and turning their attention towards local Cambodian buyers.”Tom notes that, to achieve this, developers had to rethink, reshape and restructure their offering to make the properties more appealing to the local market. “We have also witnessed some of the traditional condominium developers enter the landed (borey) property market.”Enter the Cambodia Real Estate Awards 2021-2022Despite COVID-19, the Cambodian middle class has continued to grow and homeownership remains at the top of the priority list for young Cambodian families as well as affluent Cambodian investors. The landed property (borey market) has seen a combination of completions, new launches, and growth in transactions, all fulfilling the need in this growing middle class.How COVID-19-related restrictions also fast-tracked innovation across the industry with the rapid adoption of new tools, technology, marketing, and sales was easily observable from how the market was versus how it is now.“In terms of real estate agencies and property-related service companies we witnessed more international real estate agencies enter the local market as well as the birth of even more local brands, the sector is truly coming of age and opportunity. Within this growing industry there exist companies that have contributed greatly to this growth, and in establishing a real estate industry in pursuit of service, ethics, and success,” said Tom O’Sullivan, CEO of Realestate.com.kh.Realestate.com.kh first launched the inaugural Cambodia Real Estate Awards (CREA) as a way of leading the industry to recognise top performers for their efforts and professionalism. With over fifty companies entering in previous years, winners across all categories were celebrated in a night surrounded by their industry peers with highly regarded and prestigious awards.In 2021-’22, Realestate.com.kh and the Cambodia Valuers and Estate Agents Association (CVEA)​ supported by the Ministry of Economy and Finance (MEF) will again host the Cambodia Real Estate Awards; an awards series that recognizes leading agencies, property service companies, and now, for the very first time, property developers and developments in Cambodia - celebrating the finest real estate practices and professionals nationwide.Winners will be judged and awarded through a panel of respected industry professionals, in combination with public opinion obtained through online voting mechanisms. Realestate.com.kh​ and CVEA, as the event organisers, will remain wholly independent and separate from the judging process.The mission of the CREA is to recognize the achievements of the Cambodian real estate industry objectively, without bias or undue influence, and on a wholly inclusive basis, which allows all firms and individuals to participate regardless of the size or wealth of their operation. The awards will be available for real estate agencies, valuation firms, property management companies, developers and developments, nationwide.For finalists and winners, awards are presented in the form of a trophy that draws inspiration from Cambodian landmarks and architecture as well as widespread recognition via the prestigious seal available for use after the event. Winners will also be presented with a framed certificate confirming their achievement.The judging process will be monitored with diligence by established accounting and auditing firms to ensure the awards are free from any bias.Finalists and Awards winners will be granted the prestigious CREA seal which can be used in their marketing materials, along with a trophy and a certificate confirming their personal or company achievement.The awards will only be open to firms who have the correct licenses with the MEF and all agencies must be registered members of CVEA.Shortlisted nominees and the broader real estate industry will be invited to join an Awards Ceremony and Gala Dinner celebrating the industry’s milestones, which will be held in March 2022. The organizers of the Awards are well prepared to carry out the event 100% online should there be any increase in Covid related restrictions.Entries for the Cambodia Real Estate Awards are now officially open! If you are interested in entering the awards or becoming a sponsor of the Awards, please click on the link to the official website, or find contact information below.Enter the Cambodia Real Estate Awards 2021-2022Key Contacts for Cambodia Real Estate Awards 2021-2022Developers & Development Awards Entry Contacts:English & KhmerName: Khiem Darina Stefania (Steff) Position: CREA Developers & DevelopmentEntry Facilitator & REAKH Relationship Manager Email: stefania.khiem@realestate.com.kh Phone: +855 (0) 10 699 333Chinese:Name: Taing Muyngy (Muyngy) Position: CREA Developers & Development Entry Facilitator & REAKH Relationship Manager Email: muyngy.taing@realestate.com.khPhone: +855 (0) 10723379Agency Awards Entry ContactsEnglish & Khmer:Name: Tin Mashington (Ton) Position: CREA Agent Entry Facilitator & REAKH Relationship Manager Email: ton.mashington@realestate.com.khPhone: +855 (0) 81 305 205Chinese:Name: Taing Muyngy (Muyngy) Position: CREA Agent Entry Facilitator & REAKH Relationship Manager Email: muyngy.taing@realestate.com.khPhone: +855 (0) 10723379Cambodia Real Estate Awards - Sponsorship Contacts:Name: Jeff Steeves Position: Business Development ManagerEmail: jeff.steeves@realestate.com.kh Phone: +855 (0) 85 250 962

The Royal Cambodian Government abolished quarantine requirements for fully-vaccinated travelers coming to Cambodia. To give you an overview of the travel landscape in the Kingdom, this guide will answer the following questions:What were Cambodia’s quarantine restrictions?Who can enter Cambodia following the new travel policy (as of November 15)?What documents do I need to enter Cambodia (as of November 15)?What COVID-19 vaccines does Cambodia recognize?DISCLAIMER: Policies will likely continue to be adjusted as Cambodia’s doors open to international business/tourism once again. Realestate.com.kh will be updating this article whenever new directives are announced. You can similarly check B2B Cambodia for more updates on new travel measures and other business news in Cambodia.What were the previous quarantine restrictions?For some period of time, inbound travelers to Cambodia have had to go through 2 weeks of quarantine, with a number of changes put in place throughout 2021. This still required necessary COVID testing, proof of an existing business visa, deposits for quarantine, etc.More recently, travelers could select from Cambodian Alternative State Quarantine (ASQ) – which provides better quality hotels and food (which had been one of the biggest recurring complaints) but at a higher fee. Regardless, it was still 14 days of quarantine which put off potential business and investor visitors to Cambodia, and no tourist visas have been issued for the better part of 15 months, so international inbound tourism was near to non-existent.In October-November 2021, the government streamlined requirements to 3-day, 7-day, and 14-day quarantine and set up the Validation Application on Guarantee/Invitation (VAGI) where inbound foreign investors can have a shorter (3-day) quarantine period - this was the policy prior to the new rules allowing for a full reopening made effective on November 15, 2021. This round of easing entry has also led to the VAGI system being suspended.As of November 15, fully-vaccinated travelers will no longer be required to undergo any quarantine stays nor pay deposits. On the other hand, non-vaccinated travelers will have to go through the previously mandated 14-day quarantine and other requirements.In March 2022, the government made more sweeping changes to its incoming travel requirements. The first and most important is the abolishment of the required 72-hour PCR test from incoming travelers. Second, is the removal of the rapid-tests conducted in international ports for inbound travelers. Third and certainly not the least, is the reinstatement of the Visa-On-Arrival for foreign travelers (encompassing land, sea, and air travelers).SUMMARY OF NEW COVID-19 RELATED REQUIREMENTS FOR FOREIGN TRAVELERS, AS OF MARCH 2022For fully vaccinated travelers:COVID-19 Vaccination Card/CertificateNOTE: While a FORTE COVID-19 insurance is no longer required, there are instances where airline staff will ask you for one. It's advisable to get one just in case OR bring a copy of the official announcement from the Cambodian government (found above)For non-fully vaccinated/unvaccinated travelers:Pre-flight COVID-19 PCR test no more than 72 hours prior to arrival in CambodiaVaccination Card/Certificate (if non-fully vaccinated)Upon arrival in Cambodia, passengers will have a Rapid Antigen Test, and wait approximately 15-20 minutes for the test resultsAlternative State Quarantine (ASQ) booking or $2,000 cash deposit upon arrival The $2,000 cash deposit is only required if the traveler does NOT have an ASQ bookedAlternative State Quarantine HotelsThese are the hotels accepting advanced booking for alternative state quarantines:Sokha Phnom Penh Hotel & Residence Courtyard by Marriot Phnom PenhRaffles Hotel Le Royal Phnom PenhSofitel Phnom Penh PhokeethraHimawari HotelToyoko Inn with DaraOlympia City Hotel by DaraAre there curfews in Cambodia?As of December 1, 2021, there are no curfews in place within Cambodia. In fact, the government has (finally) reversed the ban on bars, KTVs, discos, and other businesses considered "high-risk" as of posting.VAGI Certificates Cambodia (suspended as of November 15, 2021)Registered companies have invited an inbound business visitor to Cambodia, that company will need to apply for a VAGI Certificate to confirm “a technical expert or consultant”.  Then an E-type (Ordinary/Business) Visa from the Cambodian Embassy needs to be applied for and if successful they could potentially only need to stay 3 days in quarantine in the Kingdom.If an assistant or family members are able to join, will depend on whether the company inviting the “technical expert or consultant” is willing to apply for VAGI Certificates for them too.Applications for VAGI Certificates can be made here: https://vagi.registrationservices.gov.kh/It was also reported on 19 October 2021 by the Khmer Times that the “Ministry of Economy and Finance has officially launched a system for requesting certificates of guarantee and invitations for travelers, investors and technical staff” for the new measures.The guarantee and invitation mechanism (Validation Application On Guarantee/Invitation) has been suspended as of November 15, 2021.Work Permits for CambodiaThe Cambodia Visa and Work Permit Group (Facebook) also discovered that a newly added feature in the WP application portal has been added, intended to allow for the application of a Cambodian Work Permit from overseas and costs KHR 520,000 (appx. USD $130). This is a direct result of the new directive on entry to Cambodia from October 18, 2021.Work Permits can be applied for here: https://www.fwcms.mlvt.gov.kh/Not all EB EOS holders are required to have a WP, ie. non-working dependent spouse/children, non-working foreigners married in Cambodia to a Cambodian citizen.Cambodia Tourist e-Visas 2021News confirmed on October 19 2021 that Cambodia had also reintroduced the e-VISA (Electronic Online Tourist Visa). E-visas can be applied for here: https://www.evisa.gov.kh/Fee: USD $30 + $6 processing feeValidity for use to enter Cambodia: 3 monthsPeriod of Stay granted upon arrival: 30 DaysApplication Processing Time: 3 DaysVisa-On-Arrival Reinstated as of March 2022The Royal Government of Cambodia reinstated the issuance of Visa-On-Arrival for foreign travelers arriving via land, sea, or air.What vaccines does Cambodia accept?Recipients of these vaccines must have proof (card/certificate) of their vaccination on their person upon arrival in Cambodia.Looking to travel and need a place to stay in Cambodia? Let us help!

Special promotion for the upcoming completion of the Century Plaza: 10 stalls up for a discount. Get up to 20% discount when you make a 30% down payment from October 18 to November 18, 2021.Century Plaza Market is located in a high foot traffic area and is continuing to receive interest from businesses of different sizes. The surrounding area is packed with large commercial buildings and is where the Phnom Penh Immigration Department is, the Royal University of Phnom Penh, Ministry of Commerce, Confucius Institute, Ministry of Mines and Energy, Chhouk Meas Market, and of course, the Phnom Penh International Airport only 1.5km away. The Century Plaza is surrounded by all kinds of small and large stalls and commercial buildings owned by many small and medium-sized businesses in Por Sen CheyFeatures Century Plaza on the 4th, 5th, 6th floor, 4-star hotel, and Sky Bar rooftop, along with a swimming pool and a large open-air garden. A getaway from the hustle-and-bustle of Phnom Penh, without being too far away!Century Plaza is already set up for its more than 600 businesses soon opening with its completion in Q4 2021! Contact us today: 092 92 1000Inquire about Century Plaza

Evergrande's debt woes threaten to hit the Chinese market and many are wondering if the property giant's default will ripple to the international market. Photo from Forbes.com.In late September 2021, Chinese development giant Evergrande made waves across global property markets when it failed to meet repayment obligations, making it apparent the developer cannot service its loans amounting to more than $300 billion.China Evergrande Group owns more than 1,300 buildings in more than 280 cities across China and is considered the largest real estate company in the world by total value of assets according to Sovereign Wealth Fund Institute.Evergrande manages land area in China equivalent to 678 square kilometres - an area just 1 square kilometre shy of Phnom Penh’s 679 square kilometres. The developer reportedly houses 12 million residents and indirectly employs more than 3.8 million people or almost double Phnom Penh’s total population.Why is Evergrande in trouble?Building in the background: Evergrande Oasis, one of the unfinished projects by one of China's biggest property developers. Photo by Carlos Garcia Rawlins, Reuters.For short, increasing debt and changing regulation.The cracks in Evergrande started forming when it pursued an aggressive debt-fueled expansion as the Chinese property market heated up with demand for residential and commercial spaces growing every year - a textbook definition of borrowed time.After years of unrestrained expansion, Evergrande’s debts grew alongside its size and assets. The Chinese property giant is now labouring under a debt pile of more than $300bn.The embattled developer, since 2020, has been selling off billions of dollars worth of assets to raise funds to slash its debt. Credit rating agencies such as S&P and Fitch have downgraded Evergrande’s rating by several notches since 2020.Things recently came to a head when Evergrande missed its third loan repayment in early October, further sounding the alarm to both domestic and international creditors.China’s heated property market has also been noticed by the Chinese government. President Xi Jinping pushed to “shift the focus to improving the quality and returns of economic growth … to pursuing genuine rather than inflated GDP growth.”To achieve this China has implemented the “three red lines” policy to govern Chinese property developers. The policy was introduced to 12 major developers in China back in August 2020 with Evergrande being one of the attendees.The “Three red lines” policy imposed limitations on developers' ability to borrow and access loans without satisfying the 3 set criteria of liability-to-asset ratio of less than 70%, net gearing ratio of less than 100%, and cash-to-term debt ratio of more than 1x. The policy is ultimately aimed at cooling the Chinese property market and keeping housing prices from skyrocketing further.With liabilities piling and new regulations set in place, Evergrande’s foundations built on a debt-frenzy started to crumble.Could this affect the Cambodian real estate market?Phnom Penh leads other cities in Cambodia in terms of the concentration of new and modern projects being developed. Supplied.Realestate.com.kh reached out to several experts familiar with the Chinese, Cambodian, and international property markets to get a better view of the situation, and what it means for the Cambodian property market.“No, I don’t think it will have any major impact here,” said Simon Vancliff, MRICS, and CEO of WB Sport Village Co., Ltd., the developer behind the WorldBridge Sport Village in Chroy Changvar. “Any repercussions in China may have indirect effects on Chinese developers in Cambodia. But that remains to be seen as the situation unfolds”Simon emphasized that though Evergrande is a big developer, it does not represent the wider Chinese real estate sector. “Evergrande oversees more than 1,000 projects at a time while most other developers only manage a few. There are a lot of other active and reliable Chinese developers present in the market.”Wayne Wang, Co-Founder of LumiArch Global, one of the companies behind Le Condé BKK1, similarly believes Evergrande’s woes won’t have any major impact in Cambodia. “Evergrande’s situation is quite isolated. What’s happening now is the consequence of their rapid and uncontrolled expansion in the past 5 to 6 years,” he said.Wayne adds that the larger Chinese market is healthy outside of what’s happening to Evergrande. “Demand for housing continues in China to the point that the government has imposed restrictions on the buyers’ side,” he said, “One example is a restriction on how many properties an individual can buy and setting a time embargo before they can sell it”.People's Bank of China has been closely monitoring China's real estate market and Evergrande since 2018. Supplied.In mid-October, the Chinese central bank broke its silence on Evergrande. People’s Bank of China Director Zou Lan spoke during a press conference, saying “The problems of Evergrande is an individual case in the real estate sector. After years of macro regulations and the establishment of long-term housing mechanisms, China’s land and housing prices remain stable. Most real estate companies are running steadily with good financial indicators and the real estate sector is generally healthy.”The majority of Evergrande’s fallout is likely to remain confined within the Chinese property space. Chinese investments in Cambodia mainly started in 2017 and before then, Cambodia’s property sector was already booming from projects developed by a variety of international developers.James Hodge, Managing Director of CBRE Cambodia, believes that Evergrande’s impact will be in the form of stakeholders in the Cambodian market taking lessons from the fallout.“If the situation unfolds, as is widely expected, and Evergrande cannot service its debts, we can expect some level of impact on lenders to Chinese developers, as well as to the sentiment surrounding other developers,” he said.James explained that banks and lenders may start reexamining their loan books especially if they’re exposed to construction and real estate. He added that foreign buyers may likely be more cautious by doing extra due diligence and being more scrutinizing on the developer’s staying power.Evergrande’s woes stem from its debt-driven funding, having borrowed from a network of banks and other creditors within China and from abroad. It becomes a question now whether or not developers in Cambodia are exposed to the same level of risk.CBRE’s James Hodge said that Evergrande’s funding scheme is large and complex, while the forms of funding developers in Cambodia use are simpler in comparison.“Developers in Cambodia use a variety of funding methods to deliver their projects,” said James. “The most common method for larger developments would involve a mixture of off-shore lending, revenue from pre-sales and cash”Wayne Wang, offers a similar view, saying “A majority of developers in Cambodia, mainly fund their projects in a number of ways such as pre-sales revenue and the developer’s own capital.”Simon Vancliff, overseeing one of WorldBridge Group’s subsidiaries, notes that some Chinese developers are part of conglomerates. “They [as a conglomerate] could be involved in manufacturing, logistics, transportation, aviation, and etc.,” he said, “If one business line fails, the others can support it”“From what I can see, Evergrande is a large and prestigious developer that managed a significant amount of projects at any single time, which could have been slightly overwhelming for any large developer in the market over the recent years from a risk perspective,” said Simon.While property buyer loans are becoming the norm in Cambodia, banks in the Kingdom are still reluctant to go all-in the property market. Supplied.Beyond Evergrande’s property buyers not seeing their homes completed on time, the property giant’s financial woes risk hitting China’s banking system. This poses a question of whether or not developers in Cambodia are leveraged in the same way that could affect Cambodia’s banks.“There is a very mature system in China for the banks to evaluate the developer's asset and major banks have sufficient capital, therefore it is much easier for developers to acquire loans from banks.” Wayne Wang said, “In Cambodia, neither of those two points apply.”He explained that Cambodian banks are more reluctant to grant project loans, and have diverted developers’ efforts elsewhere when looking for additional funding.Anthony Galliano, CEO of Cambodian Investment Management, offers a macroeconomic perspective for Cambodia. “Cambodia’s property cycle has been evolving for years and the peak is well behind us with evident data of oversupply and declining prices. COVID already significantly quelled the real estate market, with a substantial drop in retail foreign investment in the sector, primarily condos.”“Evergrande is just another adverse factor to hit the market,” Anthony noted. “Chinese developers will likely curtail investment in the Kingdom in the short-term to remedy problems at home. FDI in the real estate and construction sector is set to drop, as China is a substantial composition, and this will impact the economy.”Despite seeing a more direct impact, Anthony does not consider it as a major issue. “While Evergrande may default on some commitments, it is thought bondholders and shareholders are most likely to suffer, it is unlikely that the banks and consumers awaiting completion of their properties will be greatly impacted,” he said.Wayne Wang agrees, saying “Evergrande’s assets are not toxic. They’re valuable and it’s all a matter of negotiation for both private and state-owned developers in China”.Anthony cites the recent news of formally considering reopening as it will allow international retail investment to resume in the sector, and offset some of the downturns and lead to a recovery in prices, as is normal in the cycle of the real estate industry.Need help in looking for property in Cambodia? Let us help!Article by:

The WorldBridge Sport Village, Cambodia’s first-ever sports village is offering a special discount this Commemoration Day!What is the discount?WorldBridge Sport Village is offering a discount of up to $7,000 on the following unit types:Studio apartments (10 units)1 bedroom apartments (5 units)2 bedroom apartments (5 units)3 bedroom apartments (5 units)Row houses (5 units)Town houses (5 units)Semi-detached villas (5 units)How to claim the discountSimply make a booking fee of $1,000 (sale price deductible!) from Commemoration day until November 9, 2021 (Tuesday). Making a booking within the promotion period lets you get the discount regardless of what payment option you choose.The WorldBridge Sport Village is also offering a 0% downpayment for 60 months applicable on ALL condos and select landed properties ranging from Semi-detached villas, townhouses, and rowhouses!Inquire about WorldBridge Sport VillageAbout WorldBridge Sport VillageWorldBridge Sport Village (WBSV) is the first sports village in Cambodia. Located in Chroy Changvar, the WorldBridge Sport Village is directly adjacent to the new Morodok Techo National Stadium and is the designated venue for the upcoming SEA Games 2023 and ASEAN Para Games 2023.WBSV is developed by the WB Sport Village Co., Ltd, part of the WorldBridge Group, a Cambodian conglomerate known as the choice partner for international brands entering the Cambodian market.Learn more about WorldBridge Sport Village

Cambodia’s economy has rapidly developed since 2016 with its booming tourism and real estate sectors. The new opportunities attracted many investors and furthered the prospects of the Kingdom as a new regional investment hubHowever, as COVID-19 became a pandemic, Cambodia’s status as a destination for international investors was dashed. Many expatriates went home and a lot fewer international investors are coming into Cambodia due to flight cancellations and quarantine red tapes. This resulted in the diverse talent pool in private companies dwindling, leaving many vital gaps in their operations.And with talent being the foundation of many enterprises, how have companies in Cambodia been able to manage in these tough times? Simple: with the help of executive recruitment.RISFOND Executive SearchRisfond Human Resources Group Limited Company (锐仕方达) was founded in Beijing in 2008. The company has been operating for 13 years and has become a quadruple-A-level human executive recruitment agency in China.Risfond has more than 160 branches in over 70 cities and employs around 4,000 employees. It provides services such as core talent recruitment, talent assessment, recruitment process outsourcing (RPO), background checks, and other vital human resource operation services.A leading professional service providerOver its years of operation, the company has filled in high-end management talents for organizations all over the world and boasts corporate contract recruitment of more than 80%, making it one of the leading executive recruiters in the world.As of December 2020, Risfond has recorded more than 62,000 successful cases across multiple industries like Real Estate & Construction, Medical & Pharmaceutical, Energy & Chemicals, Financial Management, Telecommunication, and many other fields.Leader in technological innovationThe Risfond Network Search System (RNSS) is a proprietary database developed by Risfond’s technology division to facilitate intelligent human resource search and management for its clients.Today, over 40,000 companies are part of this system constantly viewing more than 10 million profiles for executive positions. This database is increasing at an average rate of 6,000 new resumes daily.Providing market advantagesRisfond has more than 160 offices in 70 cities around the world, including Beijing, Shanghai, London, and Phnom Penh. Risfond operates in each new city by investigating the local human resource situation to provide the right candidates for major overseas companies like:Global reach with local rootsRisfond attributes part of its global success to the many local communities it has been a part of, and it has returned the support through its many social aids and initiatives:Raised 300,000 RMB (~46,000 USD) to purchase 57 tons of materials to aid WuhanHangzhou branch organized a donation drive at Youzai Primary School in Yanggao CountyChengdu branch entered Huaxi Middle School to carry out charity assistance activitiesRisfond in Phnom Penh, CambodiaRisfond in Phnom Penh was formally established in November 2017, its office is located on Diamond Island in Phnom Penh.Risfond Phnom Penh’s service area covers the Southeast Asian region. The Phnom Penh branch also serves as an important hub for overseas regional companies to recruit Chinese, European and American core talents.Since its establishment, Risfond Phnom Penh has recruited nearly 100 executives for various industries such as real estate, hospitality, legal affairs, marketing, manufacturing, finance, and insurance in Cambodia.Risfond Phnom Penh Contact Information:Jonathan LuoRisfond, Phnom Penh General Managerjonathan.luo@risfond.comMina WuRisfond, Recruitment Consultantmina.wu@risfond.com

Phnom Penh's property market activity continues to be stifled especially in the month of September where daily cases picked up. As has been the trend, the rise in cases and the spread of the delta variant coincided with a dip in median sale prices and search queries for both new and existing condo projects.It is important to note, however, that despite the recent rise in new cases in September, figures are still well below the peak experienced in July 2021. Cambodia’s vaccination drive and constant reminders of health guidelines have paid dividends in meeting its target vaccination of more than 80% in late September 2021.The vaccination push, now focused on the younger demographic, has led to government officials mulling a full reopening of the economy - highlighting the country will be open to vaccinated tourists and investors.Tourism plays a key role in Cambodia’s real estate market. According to the Asia Development Bank, the industry provides a significant 2.2 billion USD (11.5%) of GDP and employs almost 800,000 people. It is a large part of the economy playing a hand in how residential rentals (apartments/guesthouses/hotels) and commercial rentals (shopping/community malls, shophouse-based businesses) perform in a given period of time.Allowing more visitors to enter the country - given safety measures are in place - will reintroduce the promise of growth that attracted foreign investors to Cambodia in the first place. The final decision to reopen is expected to be made public by late October 2021.Sales pricesSales prices for 1-bedroom and 2-bedroom properties saw a dip in September by as much as 5%. This may be attributed to the new daily cases of over 800 recorded towards the end of the month. Recorded sale prices noticeably decrease during months of daily cases peaking, causing concern and reservation from property buyers.Standing out from the pack are 3-bedroom apartments, seeing a bump of 7% in median sale prices.Overall condominium price trendOverall condominium price trendUnit TypeMedian Price Per SQMMedian Unit Size1-bedroom$1,761 (-5% from August)45 sqm2-bedroom$2,061 (-5% from August)75 sqm3-bedroom$2,387 (-7.5% from August)121 sqmPressure from COVID-19’s persistence is felt more by new developments in Phnom Penh. Popular developments like WorldBridge Sport Village have introduced a new set of discounts across its high-rise and landed property selection.For the past half-decade, new developments in Phnom Penh have mostly attracted foreign buyers looking for property investment opportunities. But with the Kingdom’s de facto “closing off” to most tourists and international travelers, prospects of these properties to the international market dwindled through 2020 and most of 2021.Rent priceRent prices continue to experience pressure from the lack of tourists, the exodus of expatriates, and the overall tenant pool dying up the longer quarantine measures are in place.As of September 2021, median rental prices by bedroom in Phnom Penh are:1-bedroom apartment rent per month: 600 USD (No change from August)2-bedroom apartment rent per month: 950 USD (5% change from August)3-bedroom apartment rent per month: 1,800 USD (No change from August)Since borders are still largely closed, the tenant market remains small, allowing renters some room for negotiation. Though this might change when Cambodia decides to reopen pending a decision from the Royal Government.NOTE: Values displayed above are median prices. Newly listed affordable accommodations in prime areas can be found on Realestate.com.khPopular districtsCharmkarmonRemains the most popular district to look for property in Phnom Penh in September 2021. It is a popular place for renters both local and foreigners looking for accommodations at reasonable prices. Popular subdistricts are Tonle Bassac and Toul Tompoung I.Most popular properties searched:Apartment/condoLanded houseCommercial propertyLand propertyBoeung Keng KangThe BKK1 area specifically remains a popular choice among many property seekers, especially among the well-to-do in Phnom Penh. The BKK district’s popularity stems from its central location, modern residential choices, and quality of life services.Most popular properties searched:Apartment/condoLanded houseCommercial propertyLand propertyDaun PenhThe primary CBD of Phnom Penh where key tourist attractions are located and where most multi-national companies are based. It is the central district and most developed district of Phnom Penh.Most popular properties searched:Apartment/condoLanded houseCommercial propertyLand propertyChroy ChangvarChroy Changvar came on top 5 most searched districts with many high rises and landed developments popping out in the area. This peninsular district has overtaken other outer districts like Sen Sok as property developers and home buyers look to this area as the next suburban development hotspot in Phnom Penh.Most popular properties searched:Landed houseApartment/condoLand propertyCommercial property Toul KorkToul Kork came back to the top 5 most searched districts due to a notable increase in search for landed homes. And given its central location, adjacent to Daun Penh CBD and the fast growing Sen Sok district, it's little wonder that people are still looking in this packed area.Most popular properties searched:Landed houseApartment/condoLand propertyCommercial propertyThe fear of another outbreak has been influential in the domestic and tourism policy within Cambodia for the past 2 years. The relaxing of some measures have helped slightly alleviate the pressure many businesses, including property developers, have been struggling with. And with news from the government mulling a full reopening, Cambodia’s real estate market may see things get better in 2022.Looking for property in Phnom Penh? Let us help!Article by:

Cambodia’s reopening is a boon many in the Kingdom have been waiting for. Supplied.Cambodia’s relentless efforts in fighting its COVID-19 situation have been a tough 2 years with over 100,000 infected and around 2,500 deaths. But as vaccines continue to be administered, daily infection rates on the decline, and overall adjustments made by individual Cambodians, the Royal Government is now examining a full reopening.The announcement came from Prime Minister Hun Sen during the Council of Ministers meeting last Oct 8. The Prime Minister observed that COVID-19 cases remain stable with fewer than 20 deaths recorded per day.“If the situation remains stable in the next 10 to 15 days, and if we can maintain transmission and death rates as we do currently, it may be time to reopen the economy all sectors, but only through the new normal following the 3 dos and 3 don’ts,” he said.Cambodia’s reopening has been the subject of discussion for many in Phnom Penh’s business circles. In August 2021, the Mekong Strategic Partners (MSP), an investment and advisory firm based in Cambodia with operations across the Greater Mekong region, published a report showing Cambodia leading most of its ASEAN neighbours in vaccination rates.As of the 4th week of September, Cambodia has vaccinated around 82% of its population, according to a report by the National Ad-hoc Commission for COVID-19 Vaccination.The path to herd immunity is slowly but surely coming to reality. In late September, Prime Minister Hun Sen shared that the government has taken steps for Cambodia to safely reopen as a tourist destination for vaccinated tourists - with a target for international travel to reopen by Q4 2021.While tourism and hospitality sectors will be the direct beneficiaries of a reopened Cambodian economy, many in the real estate market will also be celebrating.Realestate.com.kh, the leading real estate classifieds portal in Cambodia, notes much of the slowdown in market activity has been due to restrictions and fears surrounding COVID-19. Prior to the pandemic, much of the property market has been fueled by the influx of foreign investors looking to secure property in the Kingdom’s real estate.Silvertown Metropolitan is a popular choice among expatriate renters in BKK1. Learn more about Silvertown Metropolitan here.High-end properties located in central districts like Daun Penh, BKK1, 7 Makara, Koh Pich, Chamkarmon, and Toul Kork were the choice of many property investors. Developments in these areas saw a significant decrease in sales activity as travel restrictions came into place, and foreign buyers were unable to visit projects they’re interested in.The rental market also suffered greatly as it has closer ties to the tourism sector, especially in Phnom Penh and Siem Reap. The onset of COVID-19 slashed tourist arrivals by as much as 90% as of June 2021, according to a report by the Ministry of Tourism.The rental pool in major cities further dwindled as expatriates flew back to their home countries while those who stayed largely moved to lower-cost accommodations.AEON Mall 1, frequented by residents on the weekends, saw significant decline in foot traffic after the Nov-28 incident back in 2020. Photo by Khmer Times.Commercial properties like community/shopping malls have similarly been enduring the effects of the pandemic. In a report earlier this year by The Mall Company, almost 60% of retailers that closed in 2020 were in the Food & Beverage business, primarily due to the lack of foot traffic. Realestate.com.kh similarly covered the closures with some F&B operators heavily relying on food delivery services to simply break even.The reopening of the larger Cambodian economy, especially to tourists is a boon many have been waiting for. Reducing restrictions and allowing more travelers to come in with tourists filling in the many rentals in Siem Reap and Phnom Penh, and property investors finally being able to physically visit properties they’re looking into.With the Kingdom on the verge of reopening, confidence in being able to go outside once again is expected to reintroduce a sense of confidence back into the economy, albeit one that follows a new normal.Looking for property in Phnom Penh? Let us help!Article by:

The holiday excitement is palpable for Pchum Ben. And to match the occasion, a few select projects are offering limited-time promotions. If you’ve been looking to get a value home purchase, now’s your chance!PARC 21 ResidenceLocation: Boeung Trabek, Chamkarmon, Phnom PenhOCTOBER PROMO: 12% guaranteed discount on selected unitsPARC 21 Residence is a new residential project in Chamkarmon, Phnom Penh that recently celebrated its topping out. The Singaporean project became the most popular project in the area in June 2021 due to its location, surrounding amenities, good pricing, and on-schedule delivery, soon to be handed over in June 2022.Interested in learning more about Chamkarmon’s most popular project? Check our listing below?Learn more about PARC 21Silvertown MetropolitanLocation: Trasak Paem 63, BKK 1, Chamkarmon, Phnom PenhOCTOBER PROMO: Up to 15% off + Renovation package up to $15,000Silvertown Metropolitan is a completed high-end serviced condominium in the heart of BKK1 - an area considered one of the Central Business Districts of Phnom Penh. It is managed by Naki Realty, the premier property management service provider in Cambodia.Silvertown Metropolitan is offering a discount on each of its premium units coupled with a renovation package this month:Studio : Discount up to 15% + Renovation package $5,0002 BR : Discount up to 15% + Renovation package $10,0003 BR : Discount up to 15% + Renovation package $15,000Interested in learning more about Silvertown Metropolitan? Check our property listing below!Learn more about Silvertown MetropolitanCentury PlazaLocation: Kakab 1, Por Sen Chey, Phnom PenhOCTOBER PROMO: Lucky draw get up to 10%Century Plaza is a new commercial space rising along Russian Federation Boulevard. It stands on top of the Old Market, the go-to shopping area for many residents Por Sen Chey. It is expected to be the new central shopping centre in the district has already more than 600 stores occupied with more on the way!Century Plaza is currently offering a special discount of up to 10% for business owners looking to set up shop! Interested in learning more? Check our property listing below!Learn more about Century PlazaWorldBridge Sport VillageLocation: Blvd Win Win, Bak Kaeng, Chroy Changvar, Phnom PenhOCTOBER PROMO: Discount up to $7,000 on condo units. Discount up to 6% on landed houses: Row House, Town House, and Semi-detached Villas.The WorldBridge Sport Village is a new development being built in the suburban area of Chroy Changvar. Designated as the site of the upcoming SEA Games 2023 and ASEAN Para Games 2023, it is the project with an opening fanfare very few other new developments can compete with!The WorldBridge Sport Village will be the first sports village in Cambodia offering township and community living with a range of high-rise residential and landed properties available. And for the month of October, they’re offering a discount of $7,000 on condo units and up to 6% discount on landed homes: Row House, Townhouse, and Semi-detached Villas!Interested in learning more about The WorldBridge Sport Village? Check our property listing below!Learn more about WorldBridge Sport VillageThe Peninsula Private ResidencesLocation: Chroy Changvar, Chroy Changvar, Phnom PenhOCTOBER PROMO: Discount up to 18%The Peninsula Private Residences is a multi-awarded project soon coming to Chroy Changvar. It is commonly attributed as the project that put Chroy Changvar on the map with its modern architectural design, interiors, and landmark location just along the district’s roundabout.The Peninsula Private Residences is running a discount of as much as 18% before its expected completion date in Q4 2021. Interested in learning more about The Peninsula? Check our property listing below!Learn more about the Peninsula Private ResidencesOlympia CityLocation: Olympic, 7 Makara, Phnom PenhDISCOUNT OFFER: Special price $88,888 on 2 select units. Discount up to 40% on other units.Olympia City is arguably one of the most centrally located projects in downtown Phnom Penh. It is a completed mixed-use development with high-rise residential towers supported by purpose-built shopping malls and a myriad of local businesses in its surrounding area.For the month of October, Olympia City is offering property buyers a discount of up to 40% on its 2 remaining units! Interested in learning more? Check our listing for more information!Learn more about Olympia CityInterested in more properties? Let us know through our concierge service below!Looking for more options? Let us help!

The outward expansion of Phnom Penh continues to be fueled by high-rise and sprawling landed residential projects. Supplied.Phnom Penh’s outward expansion continues despite COVID-19. Fortunately for buyers, the development of outer districts has not directly led to prices skyrocketing as they would have prior to the pandemic.According to Realestate.com.kh, Cambodia’s leading real estate classifieds portal, the outer districts of Meanchey, Sen Sok, and Por Sen Chey, are the most viable options for property investors looking for apartments/condominiums in the capital city.As of Q3 2021, the median sale price for Sen Sok apartment/condo properties is recorded at $101,022 (26% lower compared to the same period in 2020). Neighbouring Por Sen Chey district is recorded at $97,944 (11% lower). And the southern district of Meanchey is recorded at $100,000 (16% lower). As these are median values, lower or more premium-priced properties can be found on Realestate.com.kh.Residential developments in Sen Sok, Meanchey, and Por Sen Chey offer the lowest median sale prices to buyers in Phnom Penh. Supplied.Sen Sok, Meanchey, and Por Sen Chey have been the biggest beneficiaries of the capital’s outward expansion. Sen Sok, home to over 180,000 residents, currently leads the pack with multiple borey and condo projects already in different stages of development. Sen Sok’s popularity can largely be attributed to the presence of AEON Mall 2, the biggest shopping mall in Phnom Penh to date. Sen Sok district currently holds the most promise in the short term given the amount of development it has seen in the past few years.Learn more about Sen SokThe Meanchey district, largely known for its garment and textile factories, has been growing as a suburban choice for many Cambodians; currently home to around 248,000 residents or ~12% of the capital’s population. The district first saw a bump in property prices after the completion of the Hun Sen Boulevard (a.k.a 60m road) in 2017. The biggest wave of interest came in December 2019 with the announcement of AEON Mall 3 resulting in land and property purchases in the area. The new mega-mall is expected to be completed in 2023.Learn more about MeancheyPor Sen Chey’s popular Old Market is seeing a facelift with the upcoming Century Plaza, a highly anticipated shopping centre along Russian Boulevard. Learn more about Century Plaza here.Por Sen Chey offers the lowest median condo sale price in Phnom Penh’s outer district. Known as the airport district, it is one of the largest districts in the capital city in terms of land area and is home to over 226,000 residents. Much like Meanchey, commercial developers have been taken note of the growth in the area. Properties along the Russian Boulevard, especially around the upcoming Century Plaza are expected to see significant growth.Learn more about Por Sen CheyThe WorldBridge Sport Village (WBSV) is a massive mixed-use development in Chroy Changvar, one of the fastest-growing suburban districts in Phnom Penh. Learn more about WBSV here.Chroy Changvar is an area worth noting for its comparable development. As of Q3 2021, Chroy Changvar median condo sale prices were recorded at $140,191 (17% lower compared to the same period in 2020). The peninsular district continues to attract the attention of developers and build itself up to be the suburban choice for many middle-class to upper-class Cambodians. A range of condominium developments can be found in the south of the peninsula while sprawling boreys and mixed-use developments are being developed in its northern areas.Learn more about Chroy ChangvarThe persistence of COVID-19 and the onset of the delta variant has made many property seekers more discerning in their investment decisions. Realestate.com.kh seeks to help property buyers in a pandemic economy find the right home investment in its growing list of over 30,000 properties available for sale and rent.Are you looking to buy in these areas? Let us help!Article by:

Topping out is a cause for celebration for developers. And an even bigger achievement in the current environment. As we are still experiencing global restrictions on travel, increased raw material costs and other covid related pressures. The topping out celebration for PARC 21 Residence gives huge confidence to current and future buyers of the project, which is well on track to hand over units by the due date - mid 2022. The PARC 21 Residence, a Singaporean project in Phnom Penh, is one of the few projects in Phnom Penh to top out on schedule. The 21-storey residential development recently celebrated its topping ceremony and offered a 12% guaranteed discount on its most popular units.PARC 21 closed 2 separate deals in the course of its topping out - amounting $200,000+ in sales and another $700,000+ in inquiries and negotiation stages.The recently closed deals came from Cambodia and Australia, both buyers noting the project’s location, nearby amenities, construction progress and overall potential for returns.“The PARC 21 Residence is a project built with a clear vision: To deliver a project meant for middle-class Cambodians and for investors looking at Tier 2 location in Phnom Penh.” said Tom O’Sullivan, CEO of Realestate.com.kh. “The sales made in the course of its topping out indicates that the market is responding to PARC 21’s promise”The PARC 21 Residence’s 12% guaranteed discount runs from September 23 to October 3, 2021. Buyers interested in the discount can go through the PARC 21 Online Sale site or make a direct inquiry with Realestate.com.kh.PARC 21 Online Sale EventInquire about PARC 21

Phnom Penh’s developers continue to see progress amid a slowdown in overall activity. In the past few months, several developers in Phnom Penh are in different stages of completion, with the PARC 21 Residence being the most recent addition to projects topping off.The PARC 21 Residence is a new residential development located in Boeung Trabek, Chamkarmon. The Singaporean project made waves in mid-2021 as it closed several units worth almost a million dollars almost immediately after relaunching its marketing with Realestate.com.kh and FazWaz Cambodia.During their topping-off event, developers of PARC 21 revealed a 12% discount running from September 23 until October 3. The discount will be applicable on its remaining available units.PARC 21 also noted that while interested buyers can directly go to their showroom in The Point Community Mall or through FazWaz Cambodia, buyers located far from Phnom Penh or abroad can go through Realestate.com.kh’s online sale portal for PARC 21 to secure their limited-time discount.“It’s been a surreal journey starting from a booming sector and making sure our construction remains unhindered despite the global pandemic,” said Ms. Pearl Yu, Executive Sales Director for PARC 21 Residence. “We’re happy that we’ve reached this milestone [of topping off]”The PARC 21 Residence has been a popular residential and investment choice for both Cambodian and foreign investors in the past few months. Given its popularity, the project is expected to see another price increase in October and in the succeeding months as its handover date draws closer.Interested in the PARC 21 Residence's special discount? Secure your discount by registering below!PARC 21 Residence Online Sale portalPARC 21 Residence Property ListingArticle by: