A property purchase is a major investment for most people and anyone looking to buy property will be well to do by comparing several choices. It’s for this purpose that Realestate.com.kh is starting its monthly comparison series to give you a quick rundown of projects, side-by-side!For July 2021, we’ll be comparing a few projects that may be worth your while:The PARC 21 ResidencePARC 21 Residence is a 21-storey building with a total of 132 residential units with a balcony. The project takes advantage of Chamkarmon’s relatively lower property costs without having to give up modern conveniences staple to urban centres.LocationThe PARC 21 Residence is located in the prime area of Boeung Trabek in Chamkarmon, Phnom Penh. Chamkarmon is in the south-central part of the capital city and is considered a Tier 2 location surrounded by a myriad of shopping, food & beverage, and other entertainment spots comparable to nearby central business districts like Daun Penh and BKK1.AmenitiesAmenities in the project complement the already numerous conveniences around Chamkarmon. PARC 21 includes an infinity swimming pool, jacuzzi, gym/fitness center, garden, and a skybar - all located in the rooftop deck with a full view of Phnom Penh’s city skyline.PriceThe PARC 21 Residence beats out other developments within its vicinity by offering a good price per square metre. At present, ~$2,100 is the price per square meter before discounts and other promotions are applied!Return-on-InvestmentThe PARC 21 Residence is available for both local and foreign buyers. The project also has a Guaranteed Rental Returns scheme of 7% for 3 years and runs promotions on occasion. As of posting, PARC 21 is currently running a minimum of 6% discount for July buyers. It’s also worth noting that PARC 21 has not experienced a major delay in its construction schedule despite the onset of the pandemic.In a report by the Khmer Times, Phnom Penh’s vaccine rollout has primed the capital city as the target of a travel bubble sometime in 2021/2022. PARC 21 is set to finish by June 2022, once tourists and expatriates return to Cambodia. WorldBridge Sports VillageWorldBridge Sport Village (WBSV) is a large-scale development set to be the host venue for the upcoming SEA Games 2023. The project will be the first sports village in Cambodia geared towards residents looking to stay physically active with urban comforts readily available within the project complex.LocationWBSV is located nearby Win Win Boulevard, Bak Kaeng, Chroy Changvar, Phnom Penh. Chroy Changvar is a peninsular district located in the northeast of the capital’s downtown. The area itself is seeing significant attention from developers looking to expand on the outskirts of the city and residential property seekers looking to live a suburban lifestyle.AmenitiesThe WBSV packs plenty of amenities in time for the SEA Games 2023 and beyond. As a sports village, it will have a myriad of sporting facilities including gymnasiums, olympic-sized swimming pools, and training centers. WBSV’s most iconic amenity and landmark is the Morodok Techo National Stadium with its own set of sporting facilities directly adjacent to the project itself.PriceThe WorldBridge Sport Village has both high-rise and landed residential properties. Its condo prices, in particular, are priced at ~$1,300 per square metre - a bargain considering the promise of the project and being developed by the WorldBridge Group, one of Cambodia’s most prominent groups of companies.Return-on-InvestmentThe WorldBridge Sport Village offers a 5% GRR for 2 years. To make things easier, WBSV has partnered with Sathapana Bank to provide loans. WBSV Condos also offer 0% down payment plans and are available for foreign ownership.Silvertown MetropolitanSilvertown Metropolitan is a completed development in BKK1. This high-end residence is one of the first luxury living developments in Phnom Penh and is developed by Naki Realty, part of the Naki Group of companies.LocationSilvertown Metropolitan’s location in BKK1 is an area popular among locals and expatriates for its many international schools, embassies, retail shopping spots, restaurants, supermarkets, and convenience stores. Aside from being a developed urban area, Silvertown Metropolitan is strategically located close to Mao Tse Tung Boulevard leading to the central/south-central area of Phnom Penh with high urban development.AmenitiesSilvertown Metropolitan has fully-furnished units complemented by world-class accommodation with convenient hotel-like services. With a sky bar, fitness center, and infinity pool, Silvertown Metropolitan’s amenities grant residents and visitors a beautiful panoramic view of the city.PriceSilvertown Metropolitan is priced at $2,300 per square metre before discounts and promotions are applied. Silvertown Metropolitan’s initial asking price puts it at the high-end of projects in Phnom Penh but at the more competitive range when compared to other projects considering it is a finished project and is not prone to uncertainties in the same way new developments in Phnom Penh are experiencing.Return-on-InvestmentSilvertown Metropolitan offers Revenue Sharing and Rent-to-Own plans for buyers/investors. Discounts are provided depending on which investment option buyers will choose. Bank loans are also available from PPCBank in Cambodia - allowing loans up to 70% for Khmers and up to 50% for foreign buyers. Summary Comparison Project ComparisonsThe PARC 21 ResidenceWorldBridge Sport VillageSilvertown MetropolitanLocationChamkarmonChroy ChangvarBKK1AmenitiesInfinity swimming poolJacuzziGym/fitness centerGardenSkybarGymnasiumsOlympic-size swimming poolsTraining centres & sports facilitiesShopping centreMorodok Techo National StadiumSky barFitness centerInfinity poolCleaning and other hotel servicesPrice$2,100 per sqm before discounts, lower than surrounding developments$1,300 per sqm before discounts, limited-time off plan pricing$2,300 per sqm before discounts, competitive against other properties in CBDReturn-on-Investment7% GRR for 3 yearsDiscounts availableLocated in popular area5% GRR for 2 yearsDiscounts availableLocated in developing areaRevenue sharing / Rent-to-Own plansDiscounts availableLocated in central business districtCompletion dateScheduled for June 2022Scheduled for 2023Finished ProjectLet us know which one you like best!Article by:

Silvertown Metropolitan is a completed high-end serviced residential in Boeung Keng Kang I. Supplied.Silvertown Metropolitan has signed on Realestate.com.kh, the largest property classifieds portal in Cambodia, and FazWaz Cambodia, the first-tech enabled brokerage in the Kingdom, as its marketing and sales partners, respectively.Realestate.com.kh and FazWaz Cambodia, earlier in 2021, signed a Memorandum of Understanding (MoU) to boost partner developers across local and international markets.“Silvertown Metropolitan is a high-end development offering a premium lifestyle for residents and a safe investment for buyers,” said Ms. Jin, Group Manager for Naki Group. “From its design to the wide range of services, Silvertown Metropolitan offers a unique way of living at the center of Phnom Penh. All the services provided are akin to what any tenants would expect from a hotel, with the touches that make it a home.”“We’re working with Realestate.com.kh and FazWaz Cambodia as they are at the forefront of Cambodia’s real estate market, and most importantly, share our goals of providing a degree of certainty and delivering great value to clients, especially in today’s circumstances” she added.Mr. Tom O’Sullivan, CEO of Realestate.com.kh, said “On behalf of the entire Realestate.com.kh team, I welcome Silvertown Metropolitan as one of our partners and we’re glad that they entrusted the marketing of their project with us”.“Realestate.com.kh’s mission has been and will continue to be connecting buyers, agencies, and developers throughout Cambodia, and COVID-19 has not changed that focus. In fact, it has driven us to pursue new ways of marketing the value of each project we work with to a market looking for a good investment. As a marketing platform, Realestate.com.kh is supplemented by FazWaz Cambodia in providing a capable and swift end-to-end sales solution for our clients” he added.Mr. James Whitehead, CEO of FazWaz Cambodia, said “Silvertown Metropolitan is a high-end project with many benefits that buyers during this time are looking for: It’s a finished project with an experienced property management team, backed by one of the country’s well-known property developers. Them opening their doors to us is a sign that they’re ready to accommodate buyers looking for a safe and long-term investment”.About Silvertown MetropolitanSilvertown Metropolitan, developed by Naki Group, is a completed residential property development located in Boeung Keng Kang I, Boeung Keng Kang district in the capital Phnom Penh, Cambodia.Silvertown Metropolitan has 14 floors with 111 condominium units including a 420 square meter penthouse. Through its expert property management, the project delivers world-class accommodation with convenient services. With a sky bar, fitness center, and infinity pool, Silvertown Metropolitan’s amenities grant residents and visitors a beautiful panoramic view of the city second to none.Silvertown Metropolitan’s location is an area popular among locals and expatriates for its many international schools, embassies, retail shopping spots, restaurants, supermarkets, and convenience stores. Aside from being a developed urban area, Silvertown Metropolitan is strategically located close to Mao Tse Tung Boulevard leading to the central/south-central area of Phnom Penh with high urban development and convenient access to other areas of the city such as Chamkarmon, 7 Makara, and Daun Penh.Silvertown Metropolitan Property ListingAbout Realestate.com.khRealestate.com.kh, established in 2009, is home to over 20,000 live property listings making it the largest real estate classifieds portal in Cambodia. Realestate.com.kh works with the leading real estate agencies and property developers in the Kingdom to meet the demands of both local and international property seekers and endeavours to further develop the larger Cambodian property market as the most attractive real estate investment hub in Southeast Asia.Aside from being a popular online platform, Realestate.com.kh also organized several popular offline events since 2018 that connected real estate agents, property developers, investors, and home seekers with the best deals available on the market.About Fazwaz CambodiaEstablished in 2020, FazWaz Cambodia is the first tech-enabled real estate brokerage in the Kingdom. FazWaz Cambodia represents a new way of doing real estate by giving anyone the opportunity to make money in the country’s growing real estate market and provide the best service and safest possible investment to property seekers and investors in the country.Contact Information:Tom O’SullivanRealestate.com.kh, CEOtom.osullivan@realestate.com.khJames WhiteheadFazWaz Cambodia, CEOjames@fazwaz-kh.comAdvertise with us

The market uncertainty caused by COVID-19 remains the top concern for many agents, developers, and buyers within the Cambodian property space.The country’s daily COVID-19 cases for most of June remain in the 3-digit range, seeing a spike of 1,000 in a single day towards the end of the month. Government officials warn that the country is close to crossing a “red-line” if cases continue to rise - a case that may lead to another lockdown, according to a report by the Khmer Times.Google’s Mobility Tracker shows much of the foot traffic moving closer to baseline with more people going out to public places such as workplaces, groceries, and retail destinations.It is worth noting that while Cambodia surpassed 50,000 infections, currently active cases in the country number less than 5,000 as of writing. Agents and developers remain hopeful about the future of the market provided no lockdown is imposed.SALE PRICES IN PHNOM PENHSales activities have slowed down but interest in properties remains. Despite no lockdown being in effect throughout June and buyers expressing interest, many have chosen to adopt a “wait-and-see” approach. This has prompted agents and developers to adjust payment terms and offer discounts to spur buyers into action and close deals as fast as possible, with mixed results.The PARC 21 Residence is one of the developments that saw a good month after closing over $700,000 worth of property in the first week of exclusivity with marketing partner Realestate.com.kh and sales partner FazWaz Cambodia. The amount of new developments coming to Phnom Penh makes it hard to stand out, especially during the pandemic. But with the help of its exclusive partners, PARC 21 Residence was able to reach property buyers simply looking for a good deal on the market.June 2021 price and size breakdown for condominiums in Phnom Penh:Unit TypeMedian price per sqmMedian unit size1-bedroom$1,89246 sqm2-bedroom$2,09072 sqm3-bedroom$2,545113 sqm RENT PRICES IN PHNOM PENHRental prices in Phnom Penh have gotten their footing during COVID-19 though values are still considerably lower before the outbreak. For June 2021, apartment/condo rental prices saw no significant change compared to May 2021 but are still as low as 30% below pre-COVID-19 figures. The two major movers of rental prices have been the lack of tourists and the movement of renters, especially expatriates, to lower-cost rentals or simply departing due to persisting uncertainty surrounding COVID-19.The lack of tourism remains the elephant in the room for many rental landlords/investors in the city. In a report by the Khmer Times, Cambodian operators are looking towards Thailand’s “Phuket Sandbox” as a basis for their own plans to reinvigorate tourism in the country.Data presented below are median prices from listings available in Phnom Penh. Lower priced accommodations than what is presented are available on Realestate.com.kh’s rental property listings.June 2021 Price Trends by Bedroom for Apartments for Rent:1-bedroom apartment rent per month: 600 USD (No change from May)2-bedroom apartment rent per month: 1,000 USD (No change from May)3-bedroom apartment rent per month: 1,800 USD (No change from May)June 2021 Price Trends by Bedroom for Houses for Rent:2-bedroom house rent per month: 800 USD (No change since May)3-bedroom house rent per month: 1,700 USD (6.25% increase from May)District and Property Type Popularity in Phnom PenhChamkarmon overtook Boeung Keng Kang (BKK) as the most popular district for properties in Phnom Penh. Supplied.The threat of COVID-19 remains a factor for many property seekers and investors in Phnom Penh. Nevertheless, property searches through Realestate.com.kh only saw single-digit adjustments in the popularity index of Phnom Penh’s districts. It is also worth noting that the amount of search queries in June 2021 remains above the amount of interest expressed by property seekers at the same time last year.The top 5 most popular districts for property searches in Phnom Penh, with the most popular property type searched, are listed below:ChamkarmonFor June 2021, Chamkarmon overtook Beoung Keng Kang (BKK1) as the most popular district for property searches. The area’s popularity as a Tier 2 location has been growing since the onset of COVID-19 in Cambodia.Chamkarmon is known as a prime residential choice due to its near central location without the considerable asking price of BKK. Chamkarmon rivals BKK in terms of urban conveniences and activity as cafes, restaurants, pubs, and supermarkets litter almost every block of the district. Tourists often move around the Russian Market area hoping to find a good place to eat and stay. Rental properties are quite popular in the area due to the expat and tourist market it attracts.A project of note in the area is the PARC 21 Residence located in the Boeung Trabek commune. The PARC 21 Residence recently made its mark in the property sector by positioning itself in a popular location in Chamkarmon and pricing itself competitively against other projects within its vicinity - resulting in over $700,000 worth of property deals being closed in 1 week. Popular property types searched in Chamkarmon:Apartments/CondosLanded housesCommercial PropertiesLand PropertiesBoeung Keng Kang (BKK)Boeung Keng Kang previously topped districts for property searches for several months. For June 2021, it slid down to 2nd place due to increased interest in properties in Chamkarmon.Nevertheless, the district’s popularity continues due to the large availability of modern urban conveniences (modern cafes, restaurants, pubs, supermarkets, offices, and international schools) that make it a prime location for residential property seekers, regardless of whether they’re Cambodian or expatriate. Its diverse collection of consumers make it equally attractive to international businesses and local entrepreneurs to set up shop in the area.Popular property types searched in Boeung Keng Kang:Apartments/CondosLanded housesCommercial PropertiesLand PropertiesDaun PenhThe central business district of Daun Penh reclaimed its 3rd place in June 2021. Daun Penh saw a surge in popularity as likely a result of business activity picking up after the month-long lockdown that ended in Mid-day. Being the CBD of Phnom Penh, it is one of the priciest areas in terms of dollars per square metre as it is the most developed of all districts.Popular property types searched in Daun Penh:Apartment/CondosLanded housesCommercial propertiesLand propertiesChroy ChangvarChroy Changvar is a new entry into the top 5 most popular districts in Phnom Penh. The district is located in the northeast of Phnom Penh, Cambodia’s bustling capital city, at the confluence of the Mekong River and Tonle Sap River. Chroy Changvar is the name of both the district and the peninsula it encompasses.The district is a rapidly developing area that has seen a number of large hotels, residential developments, restaurants, and other investment projects transform the formerly quiet area on the outskirts of the city into a property investment hub. Chroy Changvar’s popularity likely stems from many investors looking to locations outside of the city centre with high potential for returns.Some popular projects in Chroy Changvar are The Peninsula Private Residences, a multi-awarded condominium development. La Vista One, a premier waterfront development in Chroy Changvar. And the WorldBridge Sport Village, the first-ever sports village in Cambodia and the site for the upcoming SEA Games 2023.Popular property types searched in Chroy Changvar:Apartment/CondosLanded housesCommercial propertiesLand propertiesSen SokThe vast lands of Sen Sok remain one of the most popular districts in Phnom Penh. The district’s potential for more development continues to make it a popular development choice for many looking to capitalize on the Kingdom’s persistent pace of growth. Sen Sok’s popularity for many Cambodian property seekers has been noted by both local and foreign investors, resulting in the development of boreys (gated communities with landed homes) and condominiums. This flurry of residential development has been met with commercial developments, chief examples being the AEON Mall 2 - the biggest mall in Cambodia to date. The internationally known Makro wholesale market brand is also present in the district.Popular property types searched in Sen Sok:Landed housesApartment/CondosLand propertiesCommercial propertiesRealestate.com.kh’s Condominium Overview in Phnom Penh is a monthly report based on its internal developer tracking and data collected from over 20,000 live property listings across Cambodia.If you’re interested in property in Phnom Penh, let us know by contacting our property advisors below!LOOKING FOR PROPERTY? CLICK HEREArticle by:

The Koh Norea Satellite City is expected to generate thousands of jobs and increase the value of surrounding land and other developments in Nirouth, Chbar Ampov. Supplied.The massive $2.5 billion project from the Overseas Cambodia Investment Corporation (OCIC) recently reported it has reached 30% completion as of mid-2022. The OCIC additionally reported that ongoing construction is progressing as scheduled despite the pandemic.The Koh Norea Satellite City in Nirouth, Chbar Ampov broke ground in late 2020 and is one of the biggest infrastructure and real estate development projects in Phnom Penh. It covers over 125 hectares of land and will house commercial areas, entertainment areas, residential sections, schools, banks, a medical centre, and many other urban conveniences.The scope of the project is expected to have a capacity of around 50,000 people and will generate an initial 7,000 jobs with its completion increasing that amount to 10,000 people running its daily operations.At present, there is only the Monivong Bridge linking the peninsular Chbar Ampov to Phnom Penh’s city center. The OCIC is currently building a $40 million bridge to connect Nirouth with Koh Pich (Diamond Island) to ease traffic congestion along the Monivong Bridge during rush hour. The Koh Norea bridge is also expected to increase the traffic into the district in time for the satellite city’s completion.The Koh Norea Bridge started construction in late 2020. Photo by K/T Khem Sovannara.While Chbar Ampov itself is not known for many luxury developments, some developers have taken interest in the future of the district. In 2020, the Vue Aston broke ground in Nirouth and is endeavoured to be the premier waterfront residence in the area. The new development is located adjacent to the site of the Koh Norea Satellite City.The Vue Aston is developed by The Peninsula Capital Co., Ltd and is jointly designed by HKS Architects and the Golden Mantis Decoration Design Company. The development comprises 38 stories with plenty of premium amenities and facilities providing residents with luxurious living standards with a view of Phnom Penh's Mekong and Tonle Bassac Rivers.The Vue Aston is offering Guaranteed Rental Returns (GRR) for early investors as its residential value is expected to significantly increase the more Koh Norea Satellite City progresses in the next few years. Interested in learning more about the Vue Aston? Let us know!VUE ASTON PROPERTY LISTINGLOOKING FOR OTHER PROPERTIES? LET US KNOW!Article by:

The PARC 21 Residence is extending its special offer with another round of discounts. Buyers can get a minimum of 6% discount for the whole month of July!The popular project has been well received as one of the few developments that build on Chamkarmon’s status as the more affordable alternative to centrally located districts like BKK1 and Daun Penh, without being too far away!What makes the PARC 21 Residence popular?Despite the ongoing pandemic, the keenest of property buyers are still looking for property in Phnom Penh. The PARC 21 Residence is one of the few developments offering a clear value proposition to many buyers and investors on the hunt for the best prices possible.The PARC 21 Residence is a new 132-unit residential property being developed in Boeung Trabek, Chamkarmon. The project adopts the Singaporean residential concept of “A City in a Garden”, which sees the use of smart spatial planning to create a comfortable living environment in the middle of a busy and growing area.As a result, PARC 21 has attracted a portion of young Cambodian professionals looking for a comfortable place to live close to a lot of shops, restaurants, bars, and markets. The PARC 21 Residence has also attracted many families, especially expatriate families. The project is close to international schools such as the CIA First International School, Canadian International School, iCAN British International School, and the International School of Singapore (ISS).Local markets such as the Boeung Trabek Market and the popular Russian Market are nearby (less than 3 minutes). Modern shopping centers are also within a comfortable drive. The AEON Mall 1, the most popular purpose-built shopping mall in Phnom Penh, and the Chip Mong Noro Mall, one of the newer shopping malls along Preah Norodom, are both less than 10 minutes away.All these conveniences resulted in the PARC 21 Residence closing over $700,000 in property deals in just 1 week of an exclusive partnership with Realestate.com.kh and FazWaz Cambodia - one of the highest sales figures achieved in such a short time during a pandemic.Interested in learning more? Download the free brochure or inquire about the project through our listing!DOWNLOAD FREE BROCHUREORVIEW PARC 21 PROPERTY LISTINGArticle by:

Weekly property news recap for real estate-related events this 4th week of June.PARC 21 Residence closed over $700,000 property deals in first week of exclusivity with Realestate.com.kh and FazWaz CambodiaPhnom Penh’s booming property market offers plenty to home seekers and the rising competition makes it hard to stand out, especially during the pandemic. But PARC 21 edges other projects within its vicinity through clear communication of its value to buyers simply looking for a good deal. Read the full article here.MPWT completes feasibility study on Phnom Penh Monorail and Subway projectThe feasibility study of the Monorail Way and Subway project for Phnom Penh has been completed, according to Sun Chanthol, the Minister of Public Works and Transport. In the report to Say Chhum, the President of the Senate, the MPWT Minister shared the achievements and progress of the Ministry with the rest of the government ministers. Read the full article here.“A new look” for Sihanoukville after online gambling and initial impact of COVID-19Despite the bygone days of casinos, Sihanoukville managed to still have aces up its sleeves. Check out these photos showing how Sihanoukville progressed through the gambling ban and the initial impact of the global pandemic. Read the full article here.Readiness to host SEA Games 2023 boosts confidence in Chroy Changvar propertiesVath Chamroeun, Secretary-General of the National Olympic Committee of Cambodia (NOCC) held firm that Cambodia will not give up the hard work invested in preparing for the games. He also underlined the committee’s efforts in implementing its strategic plans for the SEA Games 2023. The Secretary-General extended Cambodia’s readiness to hosting the ASEAN Para Games 2023. Read the full article here.Do you need help looking for property? Let us help!

The upcoming SEA Games 2023 and ASEAN Para Games 2023 are expected to introduce a new round of interest in Chroy Changvar district. Supplied.In a report by the Khmer Times, Cambodia reaffirmed its readiness to host the upcoming SEA Games 2023.The Kingdom’s commitment to hosting the event was made by Vath Chamroeun, Secretary-General of the National Olympic Committee of Cambodia (NOCC) in a virtual meeting with representatives from the Southeast Asian Sports Federation to discuss Vietnam’s proposal to postpone the SEA Games 2021 to next year.Chamroeun held firm that Cambodia will not give up the hard work invested in preparing for the games. He also underlined the committee’s efforts in implementing its strategic plans for the SEA Games 2023. The Secretary-General extended Cambodia’s readiness to hosting the ASEAN Para Games 2023.The upcoming SEA Games are expected to boost Chroy Changvar as one of the most-eyed property markets in Phnom Penh. The peninsular district has been on the sights of many developers for its pristine natural beauty and the increasing popularity of suburban living, especially among the Cambodian middle and upper class.Developments like The Peninsula Private Residences, La Vista One, Morgan Park Villa, and Morgan EnMaison are popular projects drawing significant attention from property buyers and are becoming established investment properties in the district.The WorldBridge Sport Village will house several sporting facilities allowing residents to live a healthy and fit lifestyle within Chroy Changvar. Supplied.In the context of the SEA Games 2023, however, the WorldBridge Sport Village stands to benefit the most as the project is adjacent to the Morodok Techo National Sports Complex where the SEA Games 2023 will be held.The WorldBridge Sport Village will be the first sports village in Cambodia and occupies a 63,576 sqm area. As the country’s first true sports village, it will offer modern sports facilities like an aquatic centre and training halls & fields. Residents at the WorldBridge Sport Village will get to live a fit lifestyle in any one of the project’s 1,747 residential units made up of condos and landed properties.The WorldBridge Sport Village broke ground earlier this year and is expected to be completed in time for the 2023 SEA Games and 2023 ASEAN Para Games. You can view the full property listing for WorldBridge Sport Village here.Interested in properties in Chroy Changvar? Let us know!

The PARC 21 Residence showroom in The Point Community Mall along Mao Tse Toung Boulevard. Supplied.The PARC 21 Residence recently closed $700,000 worth of units in the first week of marketing and sales with partners Realestate.com.kh and FazWaz Cambodia.In a press release earlier in June 2021, the PARC 21 Residence appointed Realestate.com.kh, Cambodia’s largest real estate classifieds portal, and FazWaz Cambodia, the first tech-enabled real estate brokerage in the country, as its exclusive marketing and real estate partners, respectively.Positive market receptionThe PARC 21 Residence takes inspiration from the Singaporean idea of “A City within a Garden”, a concept using smart spatial planning to create a comfortable urban residence. Supplied.The PARC 21 Residence is a new 132-unit development in Boeung Trabek, Chamkarmon. Its location is a high-traffic area near the popular Toul Tompoung Market (Russian Market) known for its many shops and restaurants and close to two major roads: Preah Monivong and Mao Tse Tong Boulevard, both roads leading to central business districts like BKK1 and Daun Penh, and to developing areas like Sen Sok, Chbar Ampov, and Meanchey.“Based on our research we felt like the majority of condominium developers entering the market were focused on Tier 1 locations such as BKK1 and Diamond Island, and that there was a real need to fulfill a gap in the market to meet demand from both local and international buyers looking in Tier 2 locations,” said Pearl Yu, Senior Sales Manager for PARC 21 Residence. “Our location in Boeung Trabek meets this demand for the same urban convenience without the same high costs”.With the help of Realestate.com.kh and FazWaz Cambodia, PARC 21’s vision of providing a quality residence was well received by many property seekers in Phnom Penh.“I liked the style and concept of PARC 21 Residence. It’s in a good location for a great price. I believe it’s a sound investment for passive income”, Mr. Albert, Singaporean, purchased a 2-bedroom penthouse.“It’s just what my family is looking for. It has a great view, feels cosy, and is in the best spot for my family to move around. PARC 21 is especially close to international schools where my children go. For family time, there’s plenty to go to as dozens of restaurants offer local and international food close to PARC 21”, Mr. Paul, British, purchased a 3-bedroom penthouse.“My family has been looking for a new home near the city center for quite some time now. We saw PARC 21 is close to the markets and to an international school my daughter attends. And with the deal FazWaz Cambodia was able to negotiate, it was an easy decision for us”, Ms. Thida, Cambodian, purchased a 2-bedroom apartment.Despite the ongoing pandemic, the PARC 21 Residence quickly closed over $700,000 in sales as it was able to communicate its value through its exclusive marketing and sales partners.ADVERTISE WITH USValue per square metrePhnom Penh’s booming property market offers plenty to home seekers and the rising competition makes it hard to stand out, especially during the pandemic. But PARC 21 edges other projects within its vicinity through clear communication of its value to buyers simply looking for a good deal.The PARC 21 Residence offers a great value per square metre compared to other projects within a 5km area. The project is close to many popular commercial destinations such as:Russian market (<3 mins away)Boeung Trabek Plaza (<3 mins away)Chip Mong Noro Mall (<5 mins away)AEON Mall 1 (<10 mins away)Naga World (<11 mins awaySeveral international schools of note are within a comfortable drive from PARC 21:ISS International SchoolZion International SchoolBlueBird British International SchoolCIA First International SchoolThe Giving Tree International SchooliCAN British International SchoolCanadian International School (CIS)East-West International SchoolFootprints International SchoolThe PARC 21 Residence is on track to deliver its units for handover by June 2022. If you’re interested in this project, let us know today!PARC 21 Full Property ListingDownload PARC 21 Brochure

It seems that only a few months ago, commuters on National Road 3 complained about the difficulty of commuting due to the bad road conditions, but recently the Ministry of Public Works and Transport released new updates on the latest progress in the rehabilitation of National Road 3 - soon approaching 100% completion.Senior Minister Sun Chanthol and a joint delegation inspected the progress of National Road No. 3 on June 22, 2021, a long stretch of road from Chom Chao roundabout to Kampot and has a total length of 134 kilometers. The project was built by China Road and Bridge Corporation under the technical supervision of Guangzhou Wanan Construction Supervision Co., Ltd.The project took 48 months to build, with a total budget of $219,911,000, with financial assistance from the People's Republic of China and the contribution of the Royal Government of Cambodia. This project is almost 100% completed.The road will also be equipped with 14 speed cameras and 2 weighing stations. Plans are also in place to install AI Camera and High Speed ​​Weigh in Motion sensors.On that occasion, HE Senior Minister requested all people who use the road to respect the law to take care of our national property to survive and use for a long time because the Royal Government has made efforts to raise funds to build difficult and insisted: "Do not risk overweight transport that causes road damage. Do not cause traffic accidents, do not exceed the speed limit set by law to contribute to the building of our motherland to grow even more under the wise leadership of Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia."HE Senior Minister also shared plans to improve National Road No. 41, National Road No. 31, National Road No. 33, the construction of the bridge in Kratie, and some other construction projects to help reduce logistics costs to attract investors.It should be noted that the completion of the National Road 3 project will not only save time and money to travel to the area along the road, but it will also promote tourism to the relevant provinces to attract more tourists.

The BTS SkyTrain in Bangkok is an example of a mass transit system running through a city’s busiest areas. Photo from Property News.The feasibility study of the Monorail Way and Subway project for Phnom Penh has been completed, according to Sun Chanthol, the Minister of Public Works and Transport. In the report to Say Chhum, the President of the Senate, the MPWT Minister shared the achievements and progress of the Ministry with the rest of the government ministers.Minister Sun Chanthol additionally reported that the MWPT cooperated with the Japan International Cooperation Agency (JICA) to plan the development of the Electronic Data Interchange (EDI) Port project, the upgrades to the Phnom Penh Autonomous Port, and the development of a mass railway transport system.The absence of a mass transport system remains a much-needed development sector in light of Phnom Penh’s rapid city growth and expanding middle class. While a growing road traffic volume may indicate increasing economic activity, there are drawbacks such as increased travel time, fuel costs, and environmental damage.While technical specifications of the proposed city train have not yet been unveiled, it was noted that the train and railways will be using materials to reduce noise coming from the train - a factor that will affect the living standards of residents nearby the tracks and stations. The cost of this recently proposed train is reportedly lower than those previously considered.There has been no report on the possible train route as of writing. It is worth noting, however, both residential and commercial properties nearby mass transport projects see a significant increase in value given the nature of mass transport systems making it easier for commuters to go to the busiest areas of a city like Phnom Penh.Article by:

Sihanoukville continues its construction boom even after the departure of online casinos in late 2019. Supplied. Sihanoukville was once a city that drove both local and international headlines. Considered the next hot property investment destination, Sihanoukville blew up as a prime residential, commercial, retail, and up until 2019, gambling hub in Southeast Asia. The city was the microcosm of Cambodia’s rapid development in the past decade. Boomtowns, like Sihanoukville, are cities experiencing a fast pace of growth but often have limited infrastructure to support them. Photo from the Southeast Asia Globe. Sihanoukville, a once-sleepy beach town on the southern coast of Cambodia, became a boomtown in light of Cambodia’s fast-paced real estate growth and the rise of online gambling operations in Southeast Asia. The latter was a key driver to the city’s growth as droves of operators flocked to the city to take advantage of gambling licenses allowing operations to be set up legally. Online casinos geared towards the Chinese market were the most prevalent in the city attracting many Chinese nationals to move and work in the city. The influx of a new market with higher budgets drove Sihanoukville’s property markets to skyrocket in a matter of months. According to the Khmer Times, the government granted over 160 gambling licenses to operators across the country in mid-2019. Photo from Bloomberg/Getty Images. The city’s boom would soon meet its first slow down as in August 2019, the government decreed that it would no longer accept and renew online gambling licenses. The news rippled throughout Cambodia forcing online casino operators to move out of Sihanoukville and other gambling towns like Poipet (bordering Thailand) and Bavet (bordering Vietnam). According to government numbers, over 100,000 foreign nationals left the Kingdom by early 2020. The exodus of online casinos from Sihanoukville would not be the end of its struggles. As Cambodia ushered in 2020, the outbreak of COVID-19 soon reached the Kingdom with the first positive case of a resident of Sihanoukville province. The already dwindling numbers of international travelers further hurt Sihanoukville’s economy transitioning back to a beach resort/ecotourism for local and international visitors. The COVID-19 outbreak was a blow to the city that put it on its economic knees. Despite the bygone days of gambling, Sihanoukville still had aces up its sleeve. Sihanoukville’s new look in 2021 Photo from Discover ASEAN Facebook. Historically, major port towns throughout history have developed the fastest with some progressing to become the capital cities like Bangkok, Manila, Tokyo, and Singapore. Sihanoukville may not be Cambodia's capital, but it may as well be the queen city of the south as it hosts Cambodia’s only major deep-sea port managed by the Sihanoukville Autonomous Port (PAS). This allows the city to be the gateway of international brands to Cambodia’s growing consumer market. Photo from Discover ASEAN Facebook. As a province, Sihanoukville is home to many Special Economic Zones (SEZs) providing much-needed employment and skills to the area. Sihanoukville also has the Sihanoukville International Airport (KOS) which delivers tourists directly to beaches that have seen many renovations after the departure of online casinos and the lull in international travel. Photo from Discover ASEAN Facebook. The hurdles the Sihanoukville experienced in the past 2 years may have slowed its progress but it has not put it to a halt. On the contrary, it has even allowed for big luxury developments like Morakot Island (Koh Puos) to establish itself as a private island getaway offering large villas in the city. Sihanoukville, on the grander scheme of things, has been afforded the breathing space it needed to quietly transition into an area that capitalizes on its manufacturing hubs, skilled labor, natural resources, and access to the wider international market. Interested in properties in this major coastal town? Check out our property listings in Sihanoukville. Article by:

Phnom Penh, Cambodia - Parc 21 Residence appointed Realestate.com.kh, the largest property classifieds portal in Cambodia, as the exclusive marketing partner for the 132-unit condominium project located in Chamkarmon, Phnom Penh. Parc 21 Residence has also chosen Fazwaz Cambodia as its exclusive real estate agency for the development. Earlier in 2021, Realestate.com.kh & Fazwaz Cambodia announced an MOU in a massive boost for agencies and property developers in Cambodia. Pearl Yu, Senior Sales Manager at Parc 21, noted, “We launched Parc21 in May 2020 in line with the booming tourism market and growing Cambodian middle class. Based on our research we felt like the majority of condominium developers entering the market were focused on Tier 1 locations such as BKK1 and Diamond Island, and that there was a real need to fulfill a gap in the market to meet demand from both local and international buyers looking in Tier 2 locations”“Early sales were extremely promising, but of course, no one could predict COVID-19 and the prolonged effects on real estate markets. As a response to the slowdown, we decided to focus less on sales and marketing of the project and focus our efforts and resources on continuing Parc 21’s construction. We can proudly say that today we were only delayed a month due to the pandemic and we are on track to hand over units in mid-2022”“Considering we are handing over in 2022, we reached out to Realestate.com.kh to help supercharge our marketing again, we worked with them when we launched and joined the online sales event in June 2020 where we successfully sold one of our Penthouse units, most impressively Fazwaz Cambodia has closed more than $4 million in condo sales in Q1 2021, during one of the toughest periods to sell units, we were very attracted to both Realestate.com.kh and Fazwaz ability to attract high net worth local buyers and international investors” Tom O’Sullivan, CEO of Realestate.com.kh said, “Realestate.com.kh has been at the forefront of real estate marketing in Cambodia since 2009, we are well versed in where to focus marketing spend to get the best quality leads for developers, separately we also work with all of the real estate agencies in Cambodia so its very efficient for developers to work with Realestate.com.kh to distribute their offers, promotions and marketing material to every agent in Cambodia. Realestate.com.kh, as a marketing platform, is supplemented  by Fazwaz’s strong sales team and strategy and plays a major role in the end-to-end sales and marketing process for Parc21” James Whitehead, CEO of Fazwaz Cambodia said, “We have had the opportunity to work exclusively with multiple developers but we wanted to make sure it was the right project to bring to the market as our first exclusive project in Cambodia, despite Parc 21 scaling down sales and marketing efforts in 2020 they still charged ahead with the construction of the project and handing over next year - this gives us (Fazwaz & Realestate.com.kh) and buyers great confidence to really get behind this project“About Parc 21 ResidenceParc 21 is a residential property development located in Boeung Trabek, Chamkarmon district in the capital Phnom Penh, Cambodia. Parc 21 is developed by JV Parc Residence Co., Ltd, a joint venture between investors from Singapore and Hong Kong.Parc 21 Residence is located in the cosmopolitan district of Chamarkmon. The project is made up of 21 floors with 132 residential units each with a balcony. Parc 21 also boasts several amenities including a swimming pool, jacuzzi, gym/fitness center, and office area to complement its modern residential comforts.Parc 21’s location is an area popular among locals and tourists for its many shops, restaurants, pubs, and cafes. It is a key development strategically located in the south-central area of Phnom Penh with high rates of growth and convenient access to other areas of the city such as Daun Penh, Boeung Keng Kang, 7 Makara, and Meanchey districts.About Realestate.com.kh Realestate.com.kh, established in 2009, is home to over 20,000 live property listings making it the largest real estate classifieds portal in Cambodia. Realestate.com.kh works with the leading real estate agencies and property developers in the Kingdom to meet the demands of both local and international property seekers and endeavours to further develop the larger Cambodian property market as the most attractive real estate investment hub in Southeast Asia.Aside from being a popular online platform, Realestate.com.kh also organized several popular offline events since 2018 that connected real estate agents, property developers, investors, and home seekers with the best deals available on the market.About Fazwaz CambodiaEstablished in 2020 in Cambodia, FazWaz KH is the first tech-enabled real estate brokerage in the Kingdom. FazWaz Cambodia represents a new way of doing real estate by giving anyone the opportunity to make money in the country’s growing real estate market and provide the best service and safest possible investment to property seekers and investors in the country. Contact Information:Tom O’SullivanRealestate.com.kh, CEOtom.osullivan@realestate.com.kh James WhiteheadFazWaz Cambodia, CEOjames@fazwaz-kh.com

The month-long lockdown measures implemented in Phnom Penh were lifted in May 2021. The news of the lifting of movement restrictions was a welcome one by many businesses, especially developers in Phnom Penh. Given its recent reopening, the city’s property market is positioning itself for gradual recovery in terms of sales activity, stabilizing rental prices, and increase in property search interest in popular districts in Phnom Penh.Sale Prices in Phnom PenhFor May 2021, sale prices for apartments/condos have started to stabilize and even see slight upticks in quoted prices and overall interest from both the local and international markets. Some developers have notably switched marketing to the local market while others have geared up their marketing for international buyers given Phnom Penh’s relatively “business-as-usual” daily life after its month-long lockdown ending in mid-May.May 2021 price and size breakdown for apartments/condos in Phnom Penh:Unit TypeMedian price per sqmMedian unit size1-bedroom1,796 USD43 sqm2-bedroom2,065 USD76.5 sqm3-bedroom2,429 USD122 sqmRent Prices in Phnom PenhRental Prices in Phnom Penh today remain at relatively lower levels compared to this time back in 2020. The good news is that the days of uncertainty from market fluctuations have passed and prices have largely stabilized for apartment rentals even throughout the impact of the Feb-20 community outbreak. Unfortunately, the same cannot be said for houses available for rent in the city as their rental prices have fluctuated in the past quarter following the community outbreak.Should rising cases persist, more factors will come into play for the rental market such as quarantine zoning restrictions, limited foot traffic affecting businesses operating from shophouses, competition from hotels offering long-term stays, and the entry of new landed developments with rental schemes.Data presented below are median prices from listings available in Phnom Penh. Lower priced accommodations than what is presented are available on Realestate.com.kh’s rental property listings.May 2021 Price Trends by Bedroom for Apartments for Rent:1-bedroom apartment rent per month: 600 USD (No change from April)2-bedroom apartment rent per month: 1,000 USD (No change from April)3-bedroom apartment rent per month: 1,800 USD (No change from April)May 2021 Price Trends by Bedroom for Houses for Rent:2-bedroom house rent per month: 800 USD (8.5% decrease from April)3-bedroom house rent per month: 1,600 USD (6.6% increase from April)District and Property Type Popularity in Phnom PenhThe amount of search queries this month (and so far into Q2) remains above the amount of interest expressed by property seekers at the same time last year. The top 5 most popular districts for property searches in Phnom Penh, with the most popular property type searched, are listed below:Boeung Keng Kang (BKK)In April 2021’s report, Boeung Keng Kang was the top searched district for properties in Phnom Penh. The district’s popularity continues in May 2021 due to the large availability of modern urban conveniences (modern cafes, restaurants, pubs, supermarkets, offices, and international schools) that make it a prime location for residential property seekers, regardless of whether they’re Cambodian or expatriate. Its diverse collection of consumers make it equally attractive to international businesses and local entrepreneurs to set up shop in the area.Popular property types searched in Boeung Keng Kang:Apartments/CondosLanded housesCommercial PropertiesLand PropertiesChamkarmonChamkarmon maintained its second-most-popular status in terms of property searches in Phnom Penh. This district is a prime residential choice due to its near central location without the considerable asking price of BKK. Chamkarmon rivals BKK in terms of urban conveniences and activity as cafes, restaurants, pubs, and supermarkets litter almost every block of the district. Tourists often move around the Russian Market area hoping to find good souvenirs, knick-knacks, and even holes-in-the-wall. Rental properties are quite popular in the area due to the expat and tourist market it attracts.Popular property types searched in Chamkarmon:Apartments/CondosLanded housesCommercial PropertiesLand PropertiesSen SokThe vast lands of Sen Sok swept through this month’s popularity rising from 5th overall to be the 3rd most popular district due to a spike in interest. Its flatlands continue to make it a popular development choice for many looking to capitalize on the Kingdom’s persistent pace of growth. Sen Sok’s popularity for many Cambodian property seekers has been noted by both local and foreign investors, resulting in the development of boreys (gated communities with landed homes) and condominiums. This flurry of residential development has been met with commercial developments, chief examples being the AEON Mall 2 - the biggest mall in Cambodia to date. The internationally known Makro wholesale market brand is also present in the district.Popular property types searched in Sen Sok:Landed housesApartment/CondosLand propertiesCommercial propertiesDaun PenhThe central business district of Daun Penh dropped down to 4th place in May 2021. It is worth noting that Daun Penh’s drop in popularity is not a result of less interest but rather a significant increase in searches for properties in Sen Sok. Daun Penh’s search popularity increased slightly in May as business gradually returned to the whole of Phnom Penh.Popular property types searched in Daun Penh:Apartment/CondosLanded housesCommercial propertiesLand propertiesToul KorkThe Toul Kork area has seen a significant amount of development over the past decade. Its close proximity to central districts like Daun Penh and 7 Makara make it an equally attractive choice to residents looking to live near the city center without the associated costs. It also serves as the gateway to the developing outer districts of Sen Sok and Russey Keo.Despite the district’s comparatively small area, the area is known for a large number of villas, office spaces, condominiums, and overall interest from both residential and commercial developers.Popular property types searched in Toul Kork:Apartments/CondosLanded housesLand propertiesCommercial propertiesRealestate.com.kh’s Apartment/Condo Market Overview in Phnom Penh is a monthly report based on its internal developer tracking and data collected from over 20,000 live property listings across Cambodia. If you’re interested in learning more about the Kingdom’s property market, you can download the Real Estate Survey 2021 for free!Article by:

Weekly property news recap for real estate-related events this 2nd week of June.More than 50% progress reported for Phnom Penh-Sihanoukville ExpresswayThe expressway has a total length of more than 190 kilometers connecting Village 1, Sangkat Samrong Krom, Khan Por Senchey, Phnom Penh to Village 1, Sangkat No. 3 Sihanoukville. The project is estimated to finish by May 31, 2023. Read the full article hereVTrust and CBC sign MoU on digital appraisal servicesThe joint venture between the two companies will create a real estate appraisal service called Indication Plus. Indication Plus will allow clients or partners with real estate appraisal needs to find and request access to CBC's credit history management platform. Read the full article hereCVEA plans to standardize and systemize sale agents nationwideThe proposal was made after the CVEA has so far discovered that the majority of investors have a difficult time trusting Cambodia’s real estate agents due to the lack of knowledge and the absence of a proper management system. With the plan to standardize and systemize all agents, CVEA is hoping to attract more and even bigger investments built on trust. Read the full article hereNBC: Credit Growth in Construction & Property Decelerates, Easing Concerns on Overheating MarketLoans to construction and real estate activities in 2020 expanded at a slower rate of only 23%, as the construction boom stalled due to the pandemic. This deceleration of credit growth has eased some concerns on the overheating property market, according to the National Bank of Cambodia (NBC)’s Financial Stability Review 2020 published on 31 May. Read the full article hereLearn about the different facets of the Cambodian industry that continue to make it the most viable property investment hub in Southeast Asia!

Morakot Island (Koh Puos), a scenic Cambodian island off the coast of Sihanoukville city, just a few short years ago, the wild and beautiful gulf coast serving as an exotic destination attracting adventurous vacationers, sport fishermen, and scuba divers from around the world. Today the area is destined to become the new “gold coast” location of Southeast Asia. Morakot Island is a unique, master-planned, luxury residential and resort community, located on one of the most beautiful islands of Cambodia. The island is peacefully removed from the noise and congestion of everyday life, just a few minutes away over the 950m Techo Morakot road bridge from Sihanoukville, the third-largest Cambodian city known for its fast development and innovative business environment. Morakot Island’s natural beauty and welcoming culture attract locals, international visitors, and investors, who sense the near-future opportunity of the region. Morakot Island is strategically located in one of the most exclusive property developments in the Kingdom of Wonder making it private heaven where an incredible experience awaits. It serves well as a residence for those who have plans for this commercial-heavy area, all while providing comfortable living and distance afforded by an island.Morakot Island has an exclusive Villa Collection of 36 sea-front residential lots for its residents. These stylish villas come in 5 different types (Orchid, Lotus, Plumeria, Magnolia, Jasmine). Ranging in sizes up to 565sqm, all are designed with the best in comfort, aesthetics, and functionality in mind. Designed with classical Khmer style architecture, villas are fully equipped with modern interior design, top-notched materials, and amenities that allow residents to enjoy a luxury private lifestyle in the tropical paradise. Get the full experience of living in your own island heaven by waking up to breathtaking sea views that face every villa. Each villa features high ceilings, full-length windows, and doors that open out onto the balconies, taking advantage of the fresh sea breeze and natural light that fills each villa’s generous spaces.All amenities that come with resort living are combined with the comforts of home, made to the highest international standards. Residents will be able to choose from among the many beautiful apartments, bungalows, and villas complemented by a peace of mind afforded by the latest in security technology rolled into each home. Overlooking Instagram-worthy views are the island’s numerous recreational centers complemented by beautiful natural features only found on island properties! For the health-conscious, the island will soon be equipped with a luxury spa and wellness center. They all contribute to making Morakot Island its own self-contained paradise, providing residents with a lifestyle of exclusivity and comfort unmatched by many.Morakot Island would also provide robust transportation options for its residents. Where one can live comfortably, one should also be able to travel swiftly and securely wherever, whenever possible. This is why the island is only 26km away from the Sihanoukville International Airport (which offers direct flights to China, Singapore, Malaysia, Macao, and Thailand, to name a few). Additionally, the Phnom Penh-Sihanoukville National Highway #4, to be completed in 2022, is bound to drastically cut the 232km distance from the capital of Phnom Penh and provide a quick link to residents who want a quick way to the capital and back to the privacy of their island home.The Koh Puos (Cambodia) Investment Group, Ltd. (KPIG), Morakot Island’s developer, envisions the area to become a multi-purpose destination that provides visitors and residents alike only the finest the world can offer. It is to be a venue where the luxuries of an island vacation meet with the comforts of a home residence to create a premium luxury lifestyle.

The Online Flash Sale has officially started with the discount reveals on 15 new developments and dozens of resale properties including condos, shophouses, and land properties all across Cambodia.That’s a lot of properties with great deals to consider! So, Realestate.com.kh is making it easier for you to get started on your home search:Stardream Lake Tourism TownFinal Price: $25,200 (discounted from $36,000)Location: Botum Sakor, Koh KongDeveloper: Coastal City Development Group Co. Ltd.,The Stardream Lake Tourism Town’s expansive land area allows it the space to create a small business center within its vicinity. This project, the biggest to come to the area yet, will soon propel the Koh Kong province as a new investment hotspot in Cambodia, and perhaps even South East Asia.Project highlights:Premium land plots available for both local and international ownership with long-term leaseholdThe whole project is close to the sea and features 2 landscape lakes surrounded by an ecological parkSpacious residential areas supported by a central commercial area to provide for residentsStrategic location in Cambodia's increasing participation in global trade, transportation, and tourismAngkor Grace Residence & Wellness ResortFinal Price: $138,840 (discounted from $178,000)Location: Svay Dankum, Siem ReapDeveloper: Angkor Hearta Development., Co Ltd,Angkor Grace Residence & Wellness Resort is a resort getaway that puts an emphasis on providing the utmost comfort to visitors through its fully-fitted 60 residential units available for a unique investment opportunity.Property highlights:The first condo-resort in Siem ReapThe premier green-focus project in Siem ReapQuality residences by one of Cambodia's reputable companiesPremium amenities to provide a serene and memorable stay75% Guaranteed Rental Returns over 10 yearsVue AstonDiscount: $67,900 (discounted from $78,124)Location: Nirouth, Chbar AmpovDeveloper: The Peninsula Capital Co., LtdThe 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.Property highlights:Prime location in Nirouth, Chbar AmpovSurrounded by OCIC's upcoming Nirouth Satellite CityNear the upcoming Koh Pich-Koh Norea BridgeFull-featured in-house amenities: executive lounge, banquet hall, gym & sauna, infinity pool, and children's playroom (just to name a few!)High-quality residential units with full panoramic views of Phnom Penh's mighty rivers35% Guaranteed Rental Returns over 5 yearsThe Online Flash Sale features a dozen other new developments along with many resale properties across Cambodia. If you haven't registered for the event yet, it's not too late. Free sign up here.

According to a public post by the official Facebook page of the Ministry of Public Works and Transport, the project to build the Phnom Penh-Sihanoukville Expressway has achieved 51.35% completion. The expressway has a total length of more than 190 kilometers connecting Village 1, Sangkat Samrong Krom, Khan Por Senchey, Phnom Penh to Village 1, Sangkat No. 3 Sihanoukville. The project is estimated to finish by May 31, 2023.The expressway project is one of several large-scale infrastructure development projects that are undergoing construction as planned, despite Cambodia still reeling from the impact of COVID-19.It should be noted that the construction of Phnom Penh-Sihanoukville Expressway through Phnom Penh 8.30 km, Kandal 9.10 km, Kampong Speu 80.80 km, Koh Kong 1.92 km, and Sihanoukville 89, 89 km, with a total construction cost of about 2 billion US dollars, invested by the China Bridge and Road Corporation (CRBC) through Cambodian PPSHV Expressway Co., Ltd.The traffic lane for vehicles is 15 meters wide, divided into 4 lanes (2 lanes for each way), the lanes measure 3.75 meters wide, allowing all types of vehicles to drive at speeds of up to 100 km per hour and some places Can reach 120 kilometers per hour. The project includes the construction of seven diversion roads, 28 intersections, 237 underpasses, 20 expressways, and 20 flyovers.Construction of 3 service areas or parking lots, 1 parking lot, 4 road operation and maintenance centers, and 9 toll booths, and all equipped with road equipment, including traffic signs, traffic lights, and signs.Once the expressway project is completed, it is expected to save a lot of travel time, which will be facilitated by cost savings and accelerate the economy as well as tourism activities.

The day we’ve all been waiting for is here: The Online Flash Sale is starting NOW!The Online Flash Sale is featuring 15 new developments and dozens of resale properties offering time-exclusive discounts from June 3 (Thursday) to 6 (Sunday). Don’t miss this chance to own your dream home at a BETTER PRICE!How to get your discount:Sign up for the Online Flash SaleVisit the Online Flash Sale website on June 3 to 6Select among the discounted propertiesSecure your discount with a refundable $200 reservation fee**The fully refundable $200 reservation fee is also deductible from the final sale price.*Payment methods accepted: Visa, Mastercard, UnionPay, and ABA Payway.Don't miss this chance to get a discount on your dream home - only during the Online Flash Sale!

VTrust Express Co., Ltd., a real estate appraisal company in Cambodia, recently signed a memorandum of understanding with the Credit Bureau Cambodia (CBC) to integrate digital real estate appraisal services.The joint venture between the two companies will create a real estate appraisal service called Indication Plus. Indication Plus will allow clients or partners with real estate appraisal needs to find and request access to CBC's credit history management platform.According to Mr. Vong Sokhal, Chairman of the Board of Directors of VTrust Express, Indication Plus is a modern and accurate real estate appraisal service that can analyze and issue preliminary real estate appraisal reports fully and automatically. This digital appraisal service is formulated by Real estate professionals using international real estate appraisal standards. Indication Plus This allows users to use it wherever they are.Oeur Sothearoth, CEO of CBC, pointed out that about 50% of the loans given to borrowers in the market are secured by the property being applied for, so, finding out the value of the property is very important in assessing the credit. He also strongly believes that the cooperation between the two companies will bring high efficiency to the financial sector.

(Phnom Penh): What customers have been waiting for a long time has arrived, Tulip Shop House is launching a new block from today with more profitable payments, just pay starting from 1% Of house price with no interest and no deposit required.This type of shophouse is located right next to the main gate of the project itself, along 105K road, with house size (4.5m x 18m) and land size (4.5m x 22m) and up to 3 floors and is the best location for Customers doing other business.Please also note that the Orkidē The Pochentong project is not only has a shophouse but also has a single villa (Marigold) and twin villas (Sunflower), which are all modern homes for modern people. Especially, customers can choose the monthly payment option starting from 1% of the house price with no deposit and no interest and can get up to 10% discount.Please be hurry up, this rare offer has a limited time! Please visit our Sale Gallery of Orkidē The Pochentong Project, which is located along 105K Road near Wat Tangkasang (on the railway line in front of Pochentong Airport), Sangkat Phnom Penh Thmey, Khan Sen Sok, Phnom Penh, or contact by phone: 098 733 333.