In line with an increased domestic tourism, Cambodian property seekers have been snatching up holiday homes all over the country! And Realestate.com.kh, the country’s largest online classifieds portal is giving you the chance to own your very own holiday home at the best prices - only at the Realestate.com.kh EXPO 2022!Holiday Homes at the Expo 2022Cambodia’s countryside is seeing increased development in terms of residential choices that take advantage and at the same time, preserve the environment that has made its holiday homes popular. The leading Developers of these holiday getaways are a welcomed addition to the 2022 EXPO and below are some of the most popular properties that are currently on the market.Golf HarmonyGolf Harmony is a Luxury Holiday Villa development in Phary Village, Prey Thnong Commune, Teuk Chhou District, Kampot town, secretly tucked in the midst of the Kampot valley, well hidden and surrounded by a green lush forest. By combining an extraordinary landscape with modern and quality edifices, Gold Harmony aims to show a new level of quality living for EXPO 2022 Attendees.Developer/Project Highlights HighlightsNew project in the serene town of KampotPinnacle of luxury living with high-class villas and amenities including a private golf courseMixed-used development with both villas and apartments availableOasis HarmonyOasis Harmony is a new breed of holiday villas that allow for a luxury lifestyle in Cambodia's most serene province: Kampot. With only 72 villas constructed, it's an exclusive neighbourhood with high-class amenities such as horse riding. This year, they are offering limited-time deals for attendees of the EXPO 2022.Developer/Project Highlights HighlightsExclusive and high-class neighbourhood with Grade A amenitiesProperties are treated to views of the lake and mountainsPlatinum CoastPlatinum Coast is a new development coming to Sihanoukville. Much like it namesake, Platinum Coast is a project looking to transform Ream, Sihanoukville into a high-class getaway filled with seaside amenities. They will be showcasing several of their offers to attendees of the EXPO 2022.Developer/Project Highlights HighlightsHigh-class project with similar quality amenities for a luxury countryside getawayLocated in Ream near the port town of Sihanoukville, a major residential and commercial centre in Southern CambodiaStar BayStar Bay Cambodia is one of the projects that best represent the advent of modern seaside developments in the Kingdom’s booming real estate sector. Star Bay's properties have been a symbol of investing and developing a sophisticated project in the fast-growing city of Sihanoukville. From the bottom to the top, Star Bay is carefully crafted to be everyone's dream home. And this year, Star Bay is offering exclusive deals and sneak peeks into what's coming - only for EXPO 2022 attendees!Developer/Project Highlights HighlightsOne of the biggest and newest prime developments in SihanoukvilleResort-style living available for investors and buyersComplete seaside amenities close to urban conveniencesCoastal CityThe development of Stardream Lake Tourism Town covers an area of 248 hectares of land which is planned to include an ecological park and two lakes in the future. The project will be built after the completion of its green spaces, natural ecology, and pristine beaches to lay the foundations of an entrepreneurial community and leisure tourism. Attendees at the EXPO 2022 will get a preview of what’s coming for Coastal City!Developer/Project Highlights HighlightsLocated in Botum Sakor, Koh Kong, another of Cambodia’s ecologically diverse provincesLarge-scale development complete with different styles of homes availablePristine green surroundings not seen anywhere else in CambodiaGet the chance to directly talk to developers and snag a deal of a lifetime this EXPO 2022 happening this July 2 to 3 at the Premier Centre Sen Sok. Register now!EXPO 2022 Registration Portal

Cambodia’s property market is ripe with investment opportunities and these opportunities are closing fast! Realestate.com.kh is giving you a shortlist of the best properties for investment so you can get started in riding South East Asia’s fastest-growing property market.Angkor Grace Residence & Wellness ResortAngkor Grace Residence & Wellness Resort is a resort getaway that puts an emphasis on providing the utmost comfort to visitors through its fully-fitted residential units available for a unique investment opportunity.As with any resort getaway, Angkor Grace Residence & Wellness Resort put an emphasis on providing the utmost comfort to visitors through its fully-fitted 60 residential units available for a unique investment opportunity. Each unit has a generous space ranging from 120 sqm to 240 sqm where visitors can immediately feel at home. Some units even have a private rooftop/terrace where visitors can host small-medium intimate gatherings, making any length of stay memorable and worthwhile.Project Highlights:Starting Price: $178,000Location: Svay Dankum, Siem ReapThe first condo-resort in Siem ReapThe premier green-focus project in Siem ReapQuality residences by one of Cambodia's reputable companies with premium amenities to provide a serene and memorable stay75% Guaranteed Rental Returns over 10 yearsLocation Highlights:Located in an area popular among expatriates for its proximity to the city centreSurrounded by plenty of greenery, a serene set of surroundings only found in Siem ReapAngkor Grace Property ListingFlatiron by MeridianFlatiron By Meridian, an award-winning freehold mix-used development houses grade A office and Apart’Hotel managed by Citadines, a leading International serviced residence owner-operator which is a subsidiary of Capitaland, retails and reputable F&Bs restaurant & café managed by Thalias Group, nestled in the heart of Phnom Penh city centre (Beoung Kak Land). Inspired by New York’s greatest architecture, Flatiron, Meridian International Holding delivers the same quality building in the capital of Cambodia.Flatiron By Meridian offers a great rental return to investors of 85 - 95% Guaranteed Rental Return Over 10 Years and flexible payment options. Grade A office spaces are currently available for leasing.Project Highlights:Starting Price: $250,000Location: Daun Penh, Phnom PenhOne of the premier freehold properties in Phnom Penh’s Central Business DistrictA truly modern age development with a full glass structure and state-of-the-art interior facilitiesApartment-hotel section is managed by Citadines, bringing world-class management to Cambodia’s CBDHigh return on investment expected due to CBD location and popularity among high net-worth individuals and corporate tenantsLocation Highlights:Located in Daun Penh’s de factor business park surrounded by land earmarked for high-end residential and commercial developmentsCentral location makes going around Phnom Penh easy and hassle-freeFlatiron By Meridian Property ListingLe Condé BKK1Phnom Penh’s rise as an upcoming real estate hub is attracting all sorts of new and innovative developments; products of decades worth of technological advancement. But amidst the flurry of buildings popping into the city’s growing skyline, very few compare to the technological marvels in the Le Conde BKK1.Le Conde itself stands at the center of this vibrant neighborhood through its iconic design, interior finishing, and of course, implementation of smart home technology. Guaranteed rental return up to 3 years at the annual interest rate of 8%.Project Highlights:Starting Price: $127,900Location: BKK1, Phnom PenhThe premier residential choice when it comes to smart home technologyProperty management by Hopetree Japan, bringing Japanese property management expertise into Phnom PenhMultiple facilities available for residents looking to complement their lifestyle in Phnom Penh’s CBDLocation Highlights:Located in BKK1 where popular restaurants, shops, markets, and international schools are.BKK1 is where some multinational companies, embassies, and NGOs are also headquarteredLe Condé BKK1 Property Listing

Modern developments in Cambodia are often associated with high prices that increase every year. But with Realestate.com.kh, you’re bound to find the best affordable properties in the best neighbourhoods in town. This article on the Best-Value Properties will help you find 3 of these properties today!WorldBridge Sport VillageThe WorldBridge Sport Village is one of the most unique and exciting residential projects soon coming to Phnom Penh. The project is a massive undertaking near the Morodok Techo National Sports Complex, Cambodia’s first modern multipurpose and international standards sports facility designed to host the participants of the 2023 Southeast Asian Games.Upon completion in 2023, the WorldBridge Sport Village is set to become the finest residential choice for any individual/family looking for a comfortable suburban living experience with all the facilities that support an active and sporty lifestyle - all offered as one of the best-value property investments in Phnom Penh to-date!Project Highlights:Starting Price: $66,800Location: Chroy Changvar, Phnom PenhMixed-use development to feature both landed residential properties such as shophouses, linked houses villas, high-rise condominiums and commercial areasThe first-ever sports village in Cambodia, offering residents a wide range of sporting facilitiesAdjacent to Morodok Techo National Stadium, one of the newest modern stadiums in the world and the venue for the upcoming SEA Games 2023Location Highlights:Chroy Changvar is Phnom Penh’s up-and-coming district earmarked for several private residential developmentsCommercial projects are also coming to meet the growing demand for retailers in the districtA peninsular district is known for its greeneries and breeze coming from the two rivers flanking Chroy ChangvarWorldBridge Sport Village Property ListingResidence H CambodiaThe Residence H Cambodia is a condominium project with 28 storeys built on the concept of “The Gracefulness of Living Life”. The building is set to be a shining landmark development in Phnom Penh’s biggest residential district: Sen Sok.Its location in the Sen Sok district makes it a prime and exclusive development conveniently alongside access roads to the international airport and all major commercial and business areas throughout the capital city.Project Highlights:Starting Price: $47,520Location: Sen Sok, Phnom PenhAffordable project yet high-quality project in Phnom Penh’s biggest residential districtLocated near many commercial hotspots such as Eden Mall and TK AvenueMore-than-adequate spaces from a variety of unit types.Location Highlights:Sen Sok is a fast-urbanizing district with plenty of infrastructure to support its growing residential and commercial developmentsLocated in a large district with roads leading to CBD and International AirportResidence H Sen Sok Property ListingPARC 21 ResidenceThe 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.Project Highlights:Starting Price: $78,980Location: Chamkarmon, Phnom PenhThis project is located near 2 major road arteries in Phnom Penh: Mao Tse Tung Boulevard and Preah MonivongSingaporean-inspired project, highlighting efficient use of space in a highly-populated area in Phnom PenhLocation Highlights:Chamkarmon is considered a Tier 2 location, properties are offered at significantly better prices and still enjoy access to CBD and many other modern urban city staples.Dozens of international schools nearby perfect for local and expatriate familiesSurrounded by markets (Russian Market) and shopping malls nearby (Chip Mong Noro Mall and AEON Mall 1)PARC 21 Residence Property Listing

Phnom Penh’s Tonle Sap and Mekong Rivers have provided much for the city for hundreds of years. And today, the mighty rivers serve another purpose: becoming a lynchpin to the city’s real estate appeal! Realestate.com.kh presents Phnom Penh’s premier riverfront properties today:Vue AstonVue Aston is a premier waterfront property in one of Phnom Penh's up-and-coming districts. Having recently started construction in 2020, it will feature modern residential technologies complemented by a scenic view of the mighty Mekong River.Vue Aston located along the riverside in Norea Island earmarked to be a new satellite city in Phnom Penh: The Koh Norea Satellite City developed by the OCIC to the tune of $2 billion. The Vue Aston will additionally be connected to Koh Pich (Diamond Island) via a bridge to be completed in 2023.Vue Aston provides five different unit types such as studio, one-bedroom, two-bedroom, three-bedroom, and four-bedroom units with sizes ranging from 39.69 to 91.42 square meters. This premium project provides numerous amenities supporting a comfortable lifestyle including an infinity pool, a sky bar, a gymnastic, a sauna and spa, a V-club, lobby areas, parking areas, restaurants, and convenience stores, concierge services, lounges, a library, a private cinema, and housekeeping services.Project HighlightsStarting Price: $77,362Modern waterfront condominium project located by Phnom Penh's riversOffering a variety of units types from studio to four bedroomsPremium residences complemented by amenities such as gym, sauna and an infinity pool with a majestic view of the MekongDirectly adjacent to the upcoming bridge connecting Vue Aston to Phnom Penh's CBDLocation HighlightsLocated in the popular Chbar Ampov district next to a major satellite city developmentA few minutes away from AEON 1 Mall, international schools, banks, embassies, offices and entertainment venuesConsidered as a landmark development in Chbar AmpovLearn More About Vue AstonMorgan EnMaisonMorgan EnMaison is a new waterfront development located along the Mekong River Road in Phnom Penh’s Chroy Changvar district. Developed by Morganford Investment (Cambodia) Co., Ltd, a multi-awarded property developer in Cambodia, the Morgan EnMaison is the latest of a line of premium Cambodian properties soon coming on the market.Morgan EnMaison is one of the handful of developments that will have a private helipad on the 220-metre high rooftop. There will also be a multi-level luxury sky club that will give a unique appeal to the skyline. Morgan EnMaison also boasts a private yacht marina.Morgan EnMaison's complex boasts five modern buildings sitting in a horseshoe-shaped arrangement on a land area of 2.4 hectares. The complex hosts a total floor area of over 400,000 sqm. The five buildings will embrace an ecological landscape garden and water features spanning nearly 10,000 sqm. This will be a large community living in harmony. The marina and a 200-metre riverside walking path are both leisure destinations.Project HighlightsStarting Price: $80,000Large waterfront residential development in Chroy ChangvarRecognized for its generously spaced loft units with plenty of natural lightEnjoy river views and river breeze from the comfort of your own homeLocation HighlightsLocated in the Chroy Changvar area by the Mekong riverSurrounded by numerous housing and commercial developments, Chroy Changvar is one of fastest-growing districts in Phnom PenhMorgan EnMaison is built by a multi-awarded brand developer with a portfolio of completed projectsLearn More About Morgan EnMaisonWealth MansionWealth Mansion is a 45-storey condominium that began construction in June 2019 and is scheduled for completion in Q2 2023. The projects is accessible via the High School road and Tonle Sap street, roads that are commonly used as they connect Wealth Mansion to the Cambodian-Japanese Friendship Bridge and wider locations in downtown Phnom Penh. The immediate vicinity of the development site predominantly consists of a mix of low-rise residential dwellings luxurious villas, mid-range landed boreys, and high-rise residential developments and has been eyed by several commercial developers for its magnetic appeal among the growing Cambodian middle-class.Wealth Mansion's design an aesthetic and practical functions floor plan and layout which enables the residents to experience a comfortable lifestyle. The units in the entire development are fully furnished and equipped with modern fittings and fixtures that best capture the future of high-rise residential living in the Kingdom's capital.Wealth Mansion complements its modern residential units with first-class facilities and amenities to support the luxurious living of the residents including a fitness center, a luxurious spa, a spacious infinity sky pool, fine dining restaurants, a multi-function conference hall, a front desk, and security services, security cameras, lifts, fire safety equipment, and spacious parking lots.Project HighlightsStarting Price: $111,50045-storey luxury mixed-use waterfront development with spacious office spaces and residential unitsFully furnished units equipped with high-quality modern decor and fixturesScheduled to be completed in Q2 2023Location HighlightsLocated in Chroy Changvar, a fast-growing residential district in Phnom PenhUnique 360 degrees view of both Tonle Sap and the Mekong RiverLearn More About Wealth Mansion

(The Ministry of Land Management, Urban Planning and Construction / Phan Soumy)What is a property title?A title or ‘deed’ is an official document confirming who owns the property, its location, and what rights the property owner enjoys. It should be noted that a significant percentage of land in Cambodia is not registered with the National Land Office and has no official land title certificate to secure the land on behalf of the owner.During the civil war period between 1975 and 1979, all Cambodian land title records were destroyed. This made any definitive proof of property ownership impossible after the war. A land law was passed in 1992 to establish the groundwork for land ownership, but it wasn't until its 2001 revision that allowed private ownership of land in Cambodia. The 2001 Land Law allowed for the creation of a land registry system enabling the issuance of Cambodia land titles. To date, over two million Cambodian land titles have been issued to citizens.Property ownership can now be secured by one of three forms of Cambodia land title: Hard title, Soft title, and Private Ownership in Co-owned Buildings – also known as Strata Title. In addition, an LMAP title is also now available.One of the most frequently asked questions is "Can foreigners own land or landed property in Cambodia?" The quick answer is No. The Cambodian Constitution prohibits foreign nationals from owning land and landed properties in the country.There are, however, indirect mechanisms of "ownership" such as the Nominee structure and Land concessions for development. Visit our guide to Property Ownership Mechanisms for Foreigners in Cambodia for more information.Hard Title in CambodiaHard titles are the most secure proof of property ownership and are considered the best Cambodian land title.Hard titles are certification of ownership provided by the Cambodian Land Management and Planning office. Hard Titles also include detailed information recognised and certified at a national level by the Ministry of Land and the Cadastral Office. It should be noted that a transfer tax applies when hard title transactions occur.A quick summary of what is a Hard Title in Cambodia:The Hard title is the strongest form of property ownership in Cambodia.In the rare occurrence that a disputed land has both a Hard Title and a Soft Title, the owner of the Hard Title will win the dispute.A Hard title is a land ownership certificate provided by the Land Management and Planning office.Hard titles contain detailed information that has been duly recognised and certified at a national level with the Ministry of Land and the concerned cadastral office.A Transfer tax of 4% per cent will be paid based on the total property value upon the facilitation of the Hard Title transfer.The facilitation of a Hard Title transfer usually takes up to 12 weeks.Foreign nationals are constitutionally prohibited from obtaining Hard Titles. By extension, this prohibits foreign nationals from owning land and landed properties in Cambodia.Soft Title in CambodiaA Soft Title is the most commonly issued Cambodian land title. The Soft Title, however, is only recognised at the local government level. Soft titles are provided at the local Sangkat or district office and are not registered at a national level.The Sangkat (commune) or Phum (village) chief will issue a letter of possessory rights, which refers to the right of “possession” of property. A person is in “possession” of the property when she/he physically occupies the property but is not the owner of the land as recognised by the authority.Although not as secure as a Hard title, they are still considered evidence of possession. Historically, many land transactions have occurred as soft titles to avoid transfer taxes and fees. However, most new major developments are being transacted with hard titlesA quick summary of what is a Soft Title in Cambodia:A Soft Title is the most common form of ownership and the most commonly issued Cambodian land title as the transfer taxes and fees are cheaper than a Hard Title.It is estimated that 85% of Cambodian property owners only have Soft Titles to back up their property claims.It is a Cambodian land title that is recognised at the local government level (Sangkats & Khans).Soft Titles are provided by the local Sangkat or District office and are not registered at a national level - but are still considered a valid legal document of ownership. Soft Titles are relatively cheaper and quicker to acquire for Cambodians.Estimated to take anywhere between 10 to 12 working days to process.Foreign nationals are prohibited from owning a Soft Title. By extension, this prohibits foreign nationals from owning land and landed properties in CambodiaCambodian Strata TitlePrivate ownership in co-owned (strata) buildings is a recently introduced form of property title that also allows foreigners to legally own property in Cambodia.Co-owned buildings or Strata-titled buildings are defined as buildings in which several owners reside, consisting of some parts that are the exclusive ownership of each co-owner (private units), and some other parts that are common spaces for the common use of co-owners (common areas).A quick summary of what a Strata Title in Cambodia is:A Strata Title is a special title commonly used for condo unit purchases that is available to both Cambodian nationals and foreign nationals.There are other mechanisms not necessarily involving a Strata Title available for property ownership for Foreign nationals which you can see in our investment guide.Strata Titles can only be granted if the property in question satisfies these criteria: Only applicable to buildings constructed in 2010 and beyond.Foreigners can only own 70% of the total surface area of the building or property.Strata Titles cannot be issued for properties on the ground floor and/or underground.Strata Titles cannot be issued for any property within 30km of the nearest land border.Private Ownership in co-owned buildings (also known as Strata Title) is the most recent form of ownership and allows foreigners to legally own property in Cambodia.Strata Title is a less common Cambodia land title, but the numbers issued are growing fast.Most new condo development projects offer this type of title to accommodate foreign demand to own property in Cambodia.The Law on Foreign Ownership’ was promulgated on 24 May 2010. This law limits foreign ownership to co-owned buildings. Foreigners still cannot own land, as it is unconstitutional.Strata Titles are issued by the Ministry of Land Management, Urban Planning, and Construction. This means Strata Titles are recognized on a national level.A Transfer tax of 4% percent will be paid based on the total property value upon the facilitation of the Strata Title transfer.LMAP Title in CambodiaTo improve land tenure security, a titling system called LMAP (Land Management and Administration Project) has been introduced in Cambodia.Based on official GPS coordinates, land plots are being registered throughout the country. Should an LMAP title exist for your property already, the borders have been agreed upon between neighbouring parties and are less prone to dispute.A quick summary of what is an LMAP Title in Cambodia:The LMAP Title is another property ownership title issued and recognised on a national level by the Ministry of Land Management, Urban Planning and Construction (MLMUPC) - along with the relevant cadastral offices.The main difference between the LMAP Title from a Hard Title is its inclusion of the exact GPS coordinates that determine the boundaries of the property in question.LMAP Titles can only be obtained on land that has been indexed on a cadastral map. So, if a plot of land has not yet been indexed, the LMAP Title cannot be issued for that property.If the MLMUPC is presently undergoing the necessary LMAP titling process in your village or area where you live, this means you only need to follow what your local authority informs you to do once the project is completed. It is their obligation to communicate with you.It is possible to own a Hard Title without an LMAP Title due to the above-mentioned limitation.A Transfer tax of 4% per cent will be paid based on the total property value upon the facilitation of the LMAP Title transfer.Foreign nationals are not permitted to own an LMAP title. By extension, this prohibits foreign nationals from owning land and landed properties in Cambodia.How to Transfer A Property Title in CambodiaWhen you purchase property or land in Cambodia, it is critical to obtain outright ownership in order to feel secure about your new asset. To complete the process for transferring land titles of ownership, there are particular steps that need to be followed, documents that need to be obtained, as well as the necessary consultations with relevant agencies.Step 1: Verify the title certificate with the relevant Land OfficeThe buyer will first need to verify the land title certificate with the Land Office at the Ministry of Land Management, Urban Planning and Construction (MLMUPC), to check for any debts or other claims to the property.This process requires:The buyer must obtain the original title certificate from the seller to verify their genuine ownership.The buyer will then verify the title certificate with the Land Office at the MLMUPC.The Land Office will inform the buyer if there are any liens (debts), mortgages, or other claims registered to that property.Relevant Government Agency: Land Office at MLMUPCEstimated time to completion: This takes approximately 10 days (should occur simultaneously to steps 2 and 3)Step 2: Obtain information on the propertyThe buyer must then obtain information on the property from the relevant Commune Council Official. This involves the buyer contacting the village chief or the Commune Council Official in which the property is located to obtain information about the land/property. In addition to this, an official search of the title should take place at the Khan/District Land Office.Relevant Government Agency: Commune Council (Relevant District/Khan office in your property’s area)Estimated time to completion: This should take approximately 10 days (we advise that this be done in parallel to Steps 1 and 3)Step 3: Obtain the certificate of incorporation and official documents from the sellerIf the landowner is a legal entity, the buyer must obtain;A copy of the ID of the shareholder, or person acting on behalf of the company.A certified/notarised copy of the Certificate of Incorporation of the seller’s company as issued by the Ministry of Commerce.Any other official documents from the seller relating to the company and the transaction.All of these documents are needed to verify the accuracy and identity of the company name appearing on the title certificate. Further documents needed to verify the seller’s authorisation to transfer the property to the buyer are;A special power of attorney.A Resolution signed by the Board of Directors from that company authorising the named individual (seller) to represent the company at the Land Office (MLMUPC).A power of attorney specifically stating that the seller can bring into effect that Resolution to transfer land titles of ownership to the buyer.Relevant Government Agency: Ministry of CommerceEstimated time to completion: This process should take around 10 days (should occur simultaneously with steps 1 and 2)Step 4: Apply for registration at the District Land Office (MLMUPC)When the buyer and seller, whether they are as an individual or a company wish to complete the property transaction, they must go together to the District Land Office at the MLMUPC to arrange, prepare, and sign the relevant documents.The documentation needed for this step is:The Company’s statute.The Company’s Certificate of Incorporation (obtained in Step 3).Both of the Power of Attorney documents (obtained in Step 3).The original Title Certificate held by the seller must be presented to the District Land Office at the time of signing the deed, in order to have the name of the new owner officially inserted on the document.Relevant Government Agency: District Land Office, MLMUPC (District Land Office of the Ministry of Land Management, Urban Planning & Construction)Estimated time to complete the step: This step takes between 20 and 30 days.Step 5: Pay transfer taxA transfer tax of approximately 4 per cent of the total value of the property is paid to the Ministry of Economy and Finance at the General Department of Taxation, in the district that the transferred property resides. A tax receipt is then issued to prove that the property transfer tax has been paid.In Phnom Penh, however, this tax is not assessed based on the true transacted value of the property; but, rather, based on a schedule of the price of property determined by the Phnom Penh Municipality. The assessed valuation by the Phnom Penh Municipality is based upon factors such as; the total number of square meters, the land’s location, use, potential use, and other variables.To put this quite simply the transfer tax is not based on the actual price of the land which is sold, which is usually the case, rather it is based on the assessed value made by the Phnom Penh Municipal office, which may be higher than the tax rates in other provinces.If the land is more than 1200 sqm, the surplus of the land will also be subject to “unused land tax.” For land less than 1200 sqm, the unused land tax is not applicable. The time for the General Department of Taxation to complete the calculation of transfer tax will depend on the location of the land and its size.Relevant Government Agency: General Department of TaxationEstimated time to complete the step: This process should take around 1 dayStep 6: Return to the cadastral office to complete the registration processAfter all relevant taxes are paid, the parties may return to the cadastral office at the District Land Office of the Ministry of Land Management, Urban Planning & Construction (MLMUPC) and sign/thumbprint an MLMUPC form for buying/selling real property, as filled in by MLMUPC official.The signing/thumbprinting must be witnessed by a local authority such as the commune chief, who will also give their thumbprint. These procedures are based on Land Law Articles; 65, 244 and 245. Land Law Article 69 bars the transfer of property unless all necessary taxes are paid. The documentation provided should include payment receipts of the transfer tax (obtained in Step 5).Step 7: Obtain the certificate of title from the Municipal Land OfficeObtain the certificate of title from the Municipal Land Office: The Khan/District land office forwards all the “transfer documents” to the Municipal Land Office where it issues the final Certificate of Title in the new owner’s name. It is now registered.Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now!Article by:

What is the common area?Simply put, the common area is that which is not included within the boundaries of the title of your private property. For example, in a condo, the common property is everything outside of your apartment. There may be different rulings for different buildings in cases such as balconies, however as a guideline, this description is sufficient.What do common area maintenance (CAM) or sometimes just known as maintenance fees cover?CAM fees cover the general upkeep of the property, minor repairs, swimming pool, landscaping, elevators, external window cleaning (on high rise developments) security and bills for water and electricity used in the common (shared areas).The CAM fees do not cover maintenance and repairs to your own property. For example, if you have a leaking tap, that is your cost. If the main water pipe feeding the building needs repair, that would be paid from CAM Fees.How are CAM Fees calculated?CAM Fees are calculated based on the share meterage of your property/apartment. A budget is forecasted, with the cost of maintaining and operating the common property calculated. The CAM Fee is based on this amount divided by the total Square Meterage of the combined lots, not the square meterage of the building.The CAM Fees are commonly paid monthly; however, some Owners Groups may require the total annual fee to be paid in advance. Some Owners Group may include management fees in the CAM Fee, however in most cases management fees will be a separate charge.Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now!Article by:

(The living room of a serviced apartment in The Elysee in Koh Pich, Phnom Penh. Realestate.com.kh)Whether you’re a tourist, expat, or even a local, serviced apartments offer plenty of conveniences not often included in other real estate properties. The “serviced” in serviced apartments particularly appeal to tourists and expats looking to have quality-of-life conveniences “built-in” with their residence.Included services in these apartments usually range from weekly cleaning services, regular laundry services, consistent supply of drinking water, and even a full concierge service similar to hotels. It’s important to remember, however, that service offerings will vary from apartment to apartment. For a more detailed discussion of what you should expect from serviced apartments as a whole, you can check out this brief guide to what makes for a well-serviced apartment in Cambodia.For this guide, we will be talking about where you can find serviced apartments (and what’s included in each one) for a long-term stay in Cambodia.Where can I find serviced apartments in Cambodia?Serviced apartments in Cambodia are largely concentrated in Phnom Penh. According to Knight Frank, an international property consultancy firm, most serviced apartments can be found in the following districts: Boeung Keng Kang (BKK) with 35%, Chamkarmon with 20%, Daun Penh with 13%, and Toul Kork with 12%.If you’re looking for commercialized districts that come complete with modern city staples like shopping malls, markets, banks/ATMs, restaurants, cafes, convenience stores, and offices, you should be considering living in these areas as they make up the city centre of Phnom Penh.What serviced apartments are good for long-term stays?We’ve come up with a few of the best-serviced apartments in Phnom Penh well suited for a range of the tourist/expat market looking to stay long-term in Cambodia. This list is by no means all serviced apartments in Phnom Penh, but a shortlist of what best represents the serviced apartment sector of Cambodia’s advancing real estate market.Silvertown Metropolitan(An aerial view of Silvertown Metropolitan, one of Phnom Penh's upscale serviced apartments. Photo courtesy of Booking.com)Starting Rent: USD $1,000 per monthOfferings: 1 bedroom to 3 bedroomsSilvertown Metropolitan is a high-end development that offers luxury condos, studios, and serviced apartments in BKK1. Expats, most especially, will appreciate the comforts immediately available. And given Silvertown Metropolitan’s proximity to the Mao Tse Tung Boulevard, anyone staying here can easily find their way to wherever they need to go in the city.Their tagline of “bringing L.A. to Phnom Penh” becomes apparent once you see their offerings and accompanying price tags. Starting at $1,000 per month, Silvertown Metropolitan is one of the more upscale and expensive serviced apartments in Phnom Penh. But does its services justify its price? If money isn’t an object and you don’t want any punches pulled in city pampering, then it certainly does. Their services include a 24-hour full concierge, housekeeping, and high-speed WiFi. Each unit comes fully furnished with a complete kitchen and dining area, laundering facilities, a refrigerator, hairdryer, robes, cable TV, towels, linen, and A/C. All rooms are outfitted with modern furnishings popular in posh West Coast apartments. Amenities such as the rooftop pool and fitness centre are also available for use.(An image of a bedroom in Silvertown Metropolitan serviced apartments. Photo courtesy of Silvertowncambodia.com)But if you’re more into what it offers beyond its premises, then it doesn’t differ too much from the other serviced apartments mentioned in this guide. Silvertown Metropolitan is in the mid-point between Preah Norodom and Preah Monivong Boulevard and sits close to Mao Tse Tung Boulevard. All these roads lead to the popular spots in BKK1, the Russian Market, and Riverside in Daun Penh.Silvertown Metropolitan represents one of the higher ends of the serviced apartment sector and with good reason: It tops the discussion when it comes to what condo has the best service and is well-managed in Phnom Penh.Silvertown Metropolitan Property ListingThe Elysee(The Elysee by Dara is inspired by the French monument, Arc de Triomphe)Starting Rent: USD $750 per monthOfferings: 1 bedroom to 4 bedroomsLocated in the French-inspired suburban area of Koh Pich, a.k.a. The Diamond Island, the Elysee is designed after the majestic Arc de Triomphe. And much like the actual monument, The Elysee’s vicinity takes after the iconic townhouses and boulevards of modern-day Paris. The Elysee is also one of the newest serviced apartments developed in Phnom Penh.The Elysee certainly tops this shortlist as its French-influenced design comes with luxury amenities and services without necessarily breaking the bank. Units can be rented out for as low as USD $450 a month which already comes fully-furnished and includes Cable TV, internet WiFi, and housekeeping included in the monthly rental - a good package we’re certain anyone definitely appreciates. Renting here gives you access to a fully-equipped fitness center and steam & sauna within the comforts of the apartment.(An image of an apartment for rent in The Elysee. Realestate.com.kh)Koh Pich island lies east of Phnom Penh’s mainland and is one of the fastest-developing areas in the city. Commercial amenities such as banks, cafes, restaurants, and offices can be found throughout The Elysee’s immediate vicinity. The Elysee sits right on Koh Pich road leading to Samdach Sothearos Boulevard where AEON Mall 1 stands. The same road is connected to Preah Norodom and Mao Tse Tung Boulevard, giving residents access to even more commercial establishments in BKK1, Chamkarmon, and Daun Penh.Koh Pich’s inspired urban design offers a new and unique experience of living in Phnom Penh, making it one of the hottest properties to watch out for - and at a good price. If you’re interested in living in Diamond Island, we highly recommend checking this propertyThe Elysee Property ListingUrban Loft(An image of Urban Loft's exterior in Sen Sok. Photo courtesy of Google Map contributors)Price Range: USD $600 per monthOfferings: 1 bedroom to 3 bedroomsUrban Loft is a serviced apartment located in Sen Sok. While this area is quite some distance from the center centre, Sen Sok itself has seen massive developments in residential and commercial real estate. We recommend this area more for expats rather than tourists as it’s still in the early-mid stages of development and doesn’t have much to offer if you’re not staying long-term.(An image of a bedroom in Urban Loft Sen Sok. Photo from Urbanloft.com)Regardless, Urban Loft offers plenty of space for quality long-term living. Its wide interior design allows for large open-plan condos that maximize light and airflow within each unit. It’s also fully furnished so moving in is easy and quick - something we know expats would definitely prefer. Urban Loft’s spacious units are complemented by an expansive pool and gym. Families living here can avail of the kindergarten and babysitting services. An array of excellent schools are not too far away as Sen Sok is where boreys (gated communities) are becoming increasingly popular among Khmer families.AEON Mall 2, the biggest mall in the city, is just a 5 to 7-minute drive away. And down the road is the popular wholesale grocery Makro. Choices are becoming increasingly abundant in Sen Sok that going into the city proper is starting to become an option rather than a necessity.Urban Loft Property ListingThe View Serviced Residences(An image of The View Serviced Residences in BKK1. Photo courtesy of Agoda.com)Starting Rent: USD $1,000 per monthOfferings: 1 bedroom to 2 bedroomsThe View Serviced Residences is one of the premier serviced apartments in BKK1. Inspired by Japanese interior design, The View’s units offer a simplistic charm many tourists and expatriates would find attractive.The View is at the crossroads of Phnom Penh’s many attractions and modern conveniences. Its location in BKK1 surrounds it with the city’s best places to eat and the newest and biggest shopping centres around in the form of Chip Mong Noro Mall and AEON 1, respectively. Its proximity to popular tourist and expat spots makes it a good choice for foreign travelers wanting to get a peek of the many offerings within the Kingdom.(The View Serviced Residences was designed by Japanese architect Kato Yoshio. Realestate.com.kh)But what’s a serviced apartment without talking about services? Starting at $1,000 per month, residents get fully-furnished rooms, twice-a-week housekeeping, fitness centre, and access to an infinity pool, jacuzzi, and steam room in the common areas. A cafe and restaurant are also serving residents inside the apartment building.Whether you’re by yourself or with your family, just visiting or staying for some time, the View’s units may be what you’re looking for considering its ambiance and location.The View Serviced Residence Property ListingTK Royal One(An image of the exterior of TK Royal One in Toul Kork. Realestate.com.kh)Starting Rent: USD $900 per monthOfferings: 1 bedroom to 3 bedroomsTK Royal One Serviced Condominiums is a mixed-use development featuring offices and serviced residences. Its location in Toul Kork, right along the Russian Federation Boulevard, has made it a landmark of sorts in the area, making it hard for passers-by to miss.The Toul Kork district has developed over the past few years as an extension of the many conveniences available in the Phnom Penh city centre. TK Royal One is one of the district’s more iconic developments as its offerings of office spaces and residential units is a sort of testament to how much Toul Kork has improved in a short amount of time. As such, TK Royal One’s location along the Russian Federation Boulevard gives residents access to a lot of markets, shopping centers, restaurants, cafes, schools, sports facilities, and other entertainment centers now established in Toul Kork.(An image of TK Royal One's spacious living rooms and balcony. Realestate.com.kh)TK Royal One’s residential units come fully furnished and designed to accommodate renters living by themselves or expat families looking to live long-term in Phnom Penh. Each unit is spacious and comes with a private balcony providing an astounding view of the city’s rising skyline. Amenities in TK Royal One include internet Wi-Fi, a fitness centre, swimming pools, a parking area, and a rooftop garden.TK Royal One Property ListingAre serviced apartments worth it?The choice entirely depends on you as you are the best judge of your personal needs and budget. Most serviced apartments in Phnom Penh are proportionally more expensive than standalone apartments without 24/7 concierge services, regular housekeeping, fitness centre, and a swimming pool. If these services are important to you, then serviced apartments could be well worth the extra hundred or so dollars a month.On the other hand, if you’re the type of person who can live without these services, you can save a few hundred dollars which you can allot more to necessities like food or other luxuries like traveling across Cambodia and its neighbouring countries. You can check out several listings of apartments for rent in Phnom Penh here.Looking for other properties? Click hereArticle by:

A commercial space for only $6500?It sounds too good to be true!With a total investment of over $130 million, the largest international trade centre in Cambodia is coming.Beng Salang village in Russey Keo District, Phnom Penh City, was once the inland container depot (ICD) of the Autonomous Port of Phnom Penh. In 2013, ICD was relocated to Kandal province. Subsequently, Yunnan Shengmao Investment Co., Ltd. seized the strategic opportunity and drew up a blueprint for a largest global commodity wholesale centre that sits on the soil in Beng Salang village, which also will be built as the largest entertainment and shopping centre in the Kingdom.The project is a key development under a co-operation between Cambodia and China. This coincides“One Belt, One Road” initiative. It will be a commercial landmark hosting over 10,000 businesses and more than 100,000 kinds of products!A new attraction hits the limelightThe Royal Palace of Cambodia is perched right on the confluence of the Mekong and Tonle Sap rivers. It is the ultimate presentation of Khmer culture and draws countless tourist each year. The Triumph Commercial Centre will take inspiration from features of the palace. It will blend tradition with modernity.Construction will occur on a 22,000 square metre plot of land. National Highway 5 is to the west and Highway 36 is to the south. TCC will sit at the axis of Cambodia’s global businesses. TCC will be the largest international commodity wholesale trade centre in CambodiaThe Phnom Penh Autonomous Port is one of the two ports in Cambodia. It yielded a net profit of $7.35 million in 2018, an increase of 36% year-on-year.Supported by advantages of the Phnom Penh Autonomous Port, the wholesale trade centre of TCC will introduce 10 business sections, attract 10,000 world brand, host over a million categories of products, and more than 100 million traders per year. This place will exist on a massive scale.Meanwhile, the developer of TCC is determined to create a safe, convenient, smooth and comfortable environment for traders, by adopting a secure surveillance system and a professional security team. The layout of the centre creates convenience via individual paths either for cargo handling and car parks or access for visitors. This modern trade centre will be managed with tech and highly efficient manpower, to ensure its unlimited prospects.The largest tourist and entertainment centre in CambodiaPhnom Penh City has been growing more prosperous and stronger under vigorous development. It has attracted business elites from all over the world. Russey Keo district was once an inconspicuous area. It is now hot for its profound potential and good opportunities for investment.The second phase of the TCC Triumph Commercial Centre is built to satisfy the need of modern urban life. It will include a culture museum, science and technology museum, children's amusement parks, sports plazas, a 2,000-metre Star-avenue, commercial pedestrian streets, pub streets, gourmet corridors, as well as high-end apartments and office buildings, five-star hotels, and more. This mega-complex will surely become the most popular tourist and entertainment centre of Cambodia.Invest in Unicom Global trade centre of CambodiaThe opportunity to be a part of this project is a once-in-a-lifetime chance. The TCC Triumph Commercial Centre is now up for sale. It is incredible that the smallest units of this project cost only $6,500, and comes with great potential, which is a boon for commercial property buyers.What is even better is that the One Belt One Road Business Support Fund by TCC provides a total of $200 million to enterprises or individuals to set up businesses at TCC. The fund will grant up to $20,000 per unit to outstanding businesses.This means that now you, a smart businessman, need only to invest a small amount of money to share the great advantages offered by TCC, and to fulfill your dreams. The offers from the fund will be closed, as soon as the number of applications reaches the maximum.Do not wait or hesitate. Grab the key to a place of treasure now! (Website: http://www.oiisc.com/)The Cambodia Home & Lifestyle Expo 2019 hosted by Realestate.com.kh will be held on April 26-27 at the International Convention and Exhibition Center on Diamond Island in Phnom Penh. Over 100 exhibitors and more than 10,000 visitors are expected to attend!OC CONSULTANCY SERVICES, a direct holding company of Overseas Investment Immigration Service Centre (Hongkong), has associated with TCC to be exhibiting at booths 63, 64, 77 and 78 at the expo.Free entry for everyone!For more details, please scan the QR code and consult the customer representative.

Through numerous legal reforms, and much more clarity in the land titling system, the mechanisms in which foreigners can establish control and ownership over property in the Kingdom now come in several forms. Private ownership of units in a co-owned building (more commonly known as “strata title”), was the first legal instrument in allowing foreigners any ownership rights over property. However strata title is a right of ownership that is limited to specific units, and other legal restraints, so for a prospective foreign investor looking to develop on a larger scale- more freedom in acquiring land and property is needed - see Realestate.com.kh's Foreign Ownership in Cambodia: Laws & Regulation with Matthew Rendall for more information.One of the mechanisms which can be used in the acquisition of property is the establishment of a landholding company. This is a limited liability company incorporated under Cambodian law that owns property on behalf of foreigners. The most critical factor in establishing a legitimate landholding company is that 51% of this company must be owned by a Cambodian National. However, despite on paper the Cambodian party will hold the majority of the shares, the shareholder agreement between the parties can be structured in such a way that the foreign party will hold and exercise control and management of the company.The necessary requirement for majority ownership by Nationals’, and the subsequent benefits once the company is legitimately established is laid out in the law itself.  According to the Law on the Investment of the Kingdom of Cambodia (Chapter VI, Article 16): “Legal entities in which more than 51% of the equity capital are directly owned by natural persons or legal entities holding Cambodian citizenship” The available benefits are further described: “use of land shall be permitted to investors, including concessions, short term leases, long-term leases which are renewable in compliance with the provisions of the Land Law.These benefits that are conferred by law through this structure reach far beyond that which are available by other foreign ownership mechanisms, and are legally recognized.  Regarding the registration process for establishing a landholding company, Mr. Grant Fitzgerald, General Manager of IPS Cambodia, stated “’The most common way to set up the landholding company is through a lawyer who will be responsible for preparing all the legal documents that are required.”Mr. Fitzgerald continued by on by stating he believes that there are four key steps in the process of setting up the company:Step1: The foreign party needs to have a relationship of trust with the Cambodian partner;Step 2: The application process for setting up the landholding company needs to be followed   along with any necessary legal consultation.Step 3: The parties need to have completed the Article of Association. This document outlines  the purpose of the company, duties and responsibilities of its members recorded and defined clearly.Step 4: The parties can then seek to obtain the complete registration of the company.Mr. Fitzgerald elaborated that the Article of Association is the most critical document in the process and that, “It is a complicated process writing up [the Article of Association] as it needs to clarify details about shares, power, decision making rights and other obligations between Cambodian and foreign shareholders. This is a key reason why a good lawyer needs to be consulted throughout the process.”“Generally, as well as outlining the ownership percentages, the Article of Association will be structured with two classes of shares, each having different rights of control. This is to ensure that the foreign party is given “special power” to make decisions over the land.”“The duration of setting up the landholding company can take from two to three months and cost $3,000 to $10,000 or sometimes above that, dependent on whether you hire local or international lawyer” Mr. Fitzgerald added.Having owned a landholding company in Cambodia, Mr. Dana Taylor commenced business in Cambodia since 2009, and owns two companies: Brocon; a landholding company, and www.orome.asia, a property website.Talking about the process Mr.Taylor said, “I bought an existing company and it took about six months to complete all the processes and have the company transferred from the previous owner” Mr. Taylor estimates he spent approximately $8,000 through the whole transfer process.Mr. Taylor has found multiple benefits in owning a landholding company, but primarily the ability to buy land and other properties with hard title ownership has enabled major progression for his business. However with recently Ministry reforms in relation to tax requirements, Taylor believes the establishment of a landholding company could become more complicated, but believes this will not have a major impact - especially for larger scale companies.Ultimately, owning property through establishing a landholding company is the safest way of acquisition compared to other property investment mechanisms, because it contains verified documents, lawyer involvement and is recognized by the law itself. As long as both foreign and Cambodian parties have a relationship of trust and follow a clear and transparent process, the establishment of the landholding company should be one which is mutually beneficial.Search property for sale in Cambodia on Realestate.com.kh today - Or learn the latest real estate news in Cambodia.

The recent news of an innercity-to-airport rail link has been welcomed by Cambodia property developers, especially those with projects situated near the proposed track. According to recent press, upon the railway’s completion in 2018, trains will be able to take passengers from the central city to Phnom Penh international airport in just 15 minutes travel time.During a handover ceremony last week in Phnom Penh for mechanical equipment donated by China, Transport Minister Sun Chanthol said: “this project will reduce traffic jams leading to the Phnom Penh airport and prevent people from being late to their flights. Thus far, 250 meters of the rail track has already been constructed by the country’s railroad company, Royal Railway.”“Four $1 to $2 million trains purchased by the company from Mexico will run along the route. During the first month of operation, rides will be free of charge,” added Mr. Sun.Commenting on this, John Guiry, CEO of Royal Railway, told local media that construction had begun about six weeks ago and was expected to wrap up by April 2018, with about 10 to 12 meters being laid down each night.”The project’s budget was confidential, but was “part of a current maintenance budget” for the company. Tickets would likely cost between $5 and $7, but the price would be set closer to the launch, added Mr. Guiry.By aiding traffic congestion and also shortening travel time to and from the airport, this new railway project is expected to further boost property investor’ confidence in the capital, in particular for projects situated along or near Russian boulevard.  Johnny Chan, Sales & Marketing Director of Creed Group, the developer of the Bodaiju Residences project, said: "this new announcement gives current and prospective investors in the Bodaiju project even more confidence that they have made the right investment decision.”Mr. Chan added: “the proposed rail line will offer residents of Bodaiju a fast and direct link to the inner city, and will mean that congestion along Russian Boulevard will be controlled into the future. This represents great news for developers such as the Creed Group with projects situated along this access way to the city."Meanwhile, Chenyi Chiu, General Manager of TK Royal One, said: “the passenger railway transport line is a significant signage of a modern city. Although it has been expected for long time, there has never been any confirmed plan for the Phnom Penh city passenger railway transport. The announcement in this July not only proves that Phnom Penh is now transforming into a modern city but also opening the new era of the railway economy.”  “The city development is going to follow the railway network to expand and start from the station along the railway. Sitting on the center of this main railway route, TK Royal One owners and tenants will be able to take the advantages to enjoy the convenience of new lifestyle and to gain the future property value appreciation. Besides, as a foreign real estate developer, seeing this transportation infrastructure indeed makes us have more confidence in Phnom Penh’s property market. However, we also look forward to seeing the railway network to expand more in the near future to make the city development much faster,” Mr. Chenyi added.Oknha Ly Kun Thai, CEO of The Gateway project, said: “this new railway is quite essential for Cambodia because Mass Rapid Transit (MRT) will increase commercial developments and boost the country’s economy as a whole. In general, the MRT is fast, reliable and efficient to all citizens living in the city. Therefore, having MRT helps reduce the number of vehicles on the road while bypassing traffic congestion during rush hours in the city, resulting in a shorter commute.”“An efficient mode of transportation is the key to city development that helps boost general commercial activity. This is good news for Cambodia’s property market as better and improved transportation infrastructure in the area will boost property prices and rental yield,” added Mr. Ly.Located along the Russian Boulevard and only a few hundred meters from the railway station,The Gateway is one of the mixed-use development projects in Cambodia to get major benefits from this new railway in terms of travelling time towards the airport and inner-city.Mr. Ly explained that the Gateway’s residents will enjoy great advantage of traveling to and from Phnom Penh’s International Airport in a very short time. Meanwhile, rail travel is a lot safer compared to road travel due to proper security monitoring throughout the system.Learn more about Investing in Cambodia on Realestate.com.kh

Tracing its origins from Kingsland Development, which has over 37 years of experience in the property development scene across Singapore and Malaysia, Kingsland Global is excited to extend its property development expertise to more territories around the globe - none less than Cambodia. In doing so, Kingsland Global looks to raise the market standard through stringent safety standards, closely held core values and quality developments. Kingsland Global is committed to providing value to the Cambodian property market through the combination of professional expertise and experience with their local partner company, CamTrip Investment Co. Ltd. With the goal of playing a pivotal role in the region’s future landscape, Kingsland looks forward to contributing to the growth and development of the Cambodian real estate market. Mr. Pheap Horng, representative of CamTrip Investment Co. Ltd., has this to say: “Finding a suitable business partner is basically about finding someone we can trust and that will always have our best interests in mind. Kingsland Global shares the vision for business as we do; and they are highly adaptable, with a repertoire of skills that we can work with to gain a deeper understanding of the business. But more importantly, we share the same ideals, values and vision in looking to positively impact Cambodia and Cambodians through our developments.” "Not only do they ensure the delivery of excellence through their projects, Kingsland Global looks to bring more than economic value to Cambodian society. They actively engage the local community, developing human capital with care and professionalism; steadfastly holding onto their ideology. Kingsland Global’s highest regard for quality in all phases of their projects also means that they will provide a holistic and value-added experience for all their partners throughout the regions in which they develop - I am glad that this has already begun in the Kingdom," he added. Kingsland Global is proud to announce some upcoming projects in Phnom Penh. To be operated by the acclaimed hotel operator, Wangz Singapore, 228 Oknha Peich is a 13-storey boutique hotel located in Khan Daun Penh which houses many historical monuments. Slated to be completed in the 2nd quarter of 2017, this stylish hotel is equipped with multiple facilities and looks to provide tourists and business travelers with a luxurious home away from home. Another upcoming iconic development, One18 Residences, is a luxurious 24-storey apartment providing quality living and hotel-like amenities right in the heart of Phnom Penh city. Look forward to a first-class residential experience like none other when the project is completed soon.For more info on Kingsland in Cambodia, please get in touch with Kingsland (KH); (Address) No. 34 Street 200, Boeung Riang, Duan Penh, Phnom Penh, Cambodia (Tel) +855 77 3399 20, (Fax) +855 23 2217 07/08 or Kingsland Global Headquarters (Singapore); (Tel) +65 6362 8998, (Fax) +65 6363 7031; or email info@kingslandglobal.sg

A large multi-purpose project of the Sokha Group has just been announced publicly on the company's official website. This huge multi-purpose project on Chroy Changvar peninsula will include residential condominiums, a large and modern commercial center and various other features yet to be announced. Recent news suggests the Chroy Changvar area is set to transform into an area with great potential in commercial and residential real estate in the coming years, and especially so for foreign investors able to purchase these properties under the foreign investment law regulation. This new investment of by the Sokha Group represents the largest project in Chroy Changvar to date.Please contact our professional team for more info! The "Chroy Changvar Riverside" concept evolution draws on many traditions of Khmer culture. The Design concept revolves around the Dragon Boat and sail, a famous symbol of the Khmer culture. The Dragon Boat race is an important cultural event that takes place on the Tonle Sap River every year. The architectural form of this event is relayed through the elements of the water, the boat and the sail - creating an architectural design with natural flow, transparency and a design that embraces the elements of the riverside where it will soon stand. Meanwhile, the Apsara dancers, a staple of traditional royal Khmer culture, are also merged into the design - representing beauty, divinity and the spirit of unity toward mutual progress. Sokha’s project looks over the Mekong river, Tonle Sap and royal palace: “So far there is no project in such a place, meaning buyers may come from foreign countries to enjoy a high standard of living here,” says Ms Chamroeun Phoeurk, marketing director at Emerald+ Property Management. Mr. Van Chanthoeun, ceo of TownCity Real Estate, agrees with Ms Chamroeurn, “this new project’s location is really good, and well suited to the property development in this region. Furthermore, Sokha Group is a huge company with substantial experience in the field of real estate and property development over many years in Cambodia.” Mr. Chanthoeun added that, “the company already has many customers in hand." Chanthoeun continues to say, "I think that this project will absorb more and more buyers from foreign countries; and if this project allows agency services to assist the buyers in helping them to find those who want to rent, this rental return service will grant investment buyers more profit and ultimately help the projects long term success." Stay tuned to Realestate.com.kh NEWS for more information about this huge new project as soon as it is released.Please contact our professional team for more info!

The River has announced their latest project: Center City Ta Khmao. Phnom Penh, Cambodia: Yesterday, 27th February 2016 at Sofitel Phnom Penh Phokeethra, The River hosted a press conference announcing their latest project: Center City Ta Khmao. The event was attended by media, partners and presided by H.E. Cheav Tai, Deputy Governor of Ta Khmao. Center City Ta Khmao is a joint venture between Tang Kung Group and a Malaysian investor who also developed the Riverside Group in Melbourne, Australia. Tang Kung Group brings almost 20 years in the real estate industry. It was revealed that Phase I construction of the Center City Ta Khmao project is now underway. The River is currently pre-selling the commercial shophouses & commercial buildings of the mixed-use development. Phase II and Phase III details will be revealed by The River in the coming months as the developer prepares for the official groundbreaking and showroom launch. Center City Ta Khmao will be the pioneering development of Ta Khmao City, the complex being centrally located along Tonle Bassac riverfront in Ta Khmao. As noted by the Chairman / CEO, Okhna Tang Kung, “Ta Khmao was our firm’s natural choice for development as we firmly believe residential development will grow toward Ta Khmao primarily because this area is highly flood resistant.” “We see Ta Khmao as the most sustainable region for development in the near future. The strategic vision on the future property hub is that Center City Ta Khmao will be the next landmark in the kingdom. Thus, Center City Ta Khmao is a smart investment moving forward into the future of this great city.” The project incorporates residential, commercial (with office and retail space) and leisure amenities all in a single complex. The Center City Ta Khmao complex will cover 15,463 square meters and 10,668 square meters along with a beautified ground floor landscape of 10,668 square metres surrounding the area. The complex will also feature a modern architectural design of two 27-story towers totaling 484 condominium units, surrounded by a 60 commercial shouphouses and 8 commercial buildings, a 2-story shopping mall, 3-story car park and one level dedicated entirely to leisure amenities. At Center City Ta Khmao, all residences will enjoy the perfect confluence of life, work, leisure and nature.For further information about the Center City Ta Khmao project and The River Premium Developments:Inquire with the team of professional sales consultants on Realestate.com.kh today.

Phnom Penh: According to a recent report from NET News, Kingsland Global has announced plans to begin development of 10,000 m/sq plot of land in the central business district of Phnom Penh. The project will be in collaboration with Shukaku Inc. Kingsland has said they will submit a master development plan in the next 5 months. Kingsland will oversee and manage the development project, which will consist of a hotel, apartment, retail and office. Kingsland Global Ltd started in 2015 as the holding company of Kingsland Malaysia and Kingsland Cambodia. It is the real estate branch of the group, and specialises in commercial and hospitality real estate development in Asia. Kingsland Singapore Group was founded in 1978 and has a portfolio of around 100 development projects.