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.”
Despite 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.
Key Contacts for Cambodia Real Estate Awards 2021-2022
Developers & Development Awards Entry Contacts:
English & Khmer
Name: Khiem Darina Stefania (Steff)
Position: CREA Developers & Development
Entry 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.kh
Phone: +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.kh
Phone: +855 (0) 81 305 205
Chinese:
Name: Taing Muyngy (Muyngy)
Position: CREA Agent Entry Facilitator &
REAKH Relationship Manager
Email: muyngy.taing@realestate.com.kh
Phone: +855 (0) 10723379
Cambodia Real Estate Awards - Sponsorship Contacts:
Name: Jeff Steeves
Position: Business Development Manager
Email: jeff.steeves@realestate.com.kh
Phone: +855 (0) 85 250 962
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