The Impact of Blockchain in Real Estate: By OpenLedger ApS

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Blockchain becomes increasingly interesting and receptive, not only among tech-savvies but the general public.

Personally, I believe that blockchain is here to stay, and it’s much more than just cryptocurrencies, that some people merely associate blockchain with. I’m pretty sure that we will see blockchain in all kinds of industries, ranging from law, real estate, banking, product compliance, and more.

Cambodia is a perfect example where blockchain could help the local population immensely, even if it might take some time.

In the late 70’s, Cambodia experienced big problems when Khmer Rouge fighters destroyed many land titles during the genocide. This left a big part of the population empty-handed, with no proof of property ownership. Up till now, Cambodia still experiences issues with land grabbing.

OpenLedger ApS is a Copenhagen based company and one of the pioneers to introduce blockchain services in real estate. Therefore, I decided to invite Mihail Romanovsky, the company’s CMO (Chief Marketing Officer), to let him explain more about how blockchain works, and what impact it will have in the real estate industry.

Let’s see what he has to say.

1: First, thanks for having you Mihail. Before we get into the details, can you explain briefly what blockchain is and how it works technically?

Sure! So a blockchain works like this; It’s like a database that all its users agree on. When a new version of the database exists, that all the users agree is accurate, and that’s recorded immutably in an encrypted format – that’s called a block.

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Top 7 Property Developers in Cambodia: The Ultimate Guide

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Many foreign residential property buyers decide to go for off-plan properties when investing in Cambodia. There are also a number of foreign companies that actively work to improve the infrastructure and develop new properties.

Either way, a property developer is normally involved and many people wonder which the biggest and most reputable developers in Cambodia are.

It’s not strange that people perform due diligence in this emerging market, where there are many pitfalls to come across.

Therefore, I’ve written this article where I list some of the biggest and most well-known developers in Cambodia.

1. Borey Peng Huoth Group

Borey Peng Huoth Group is one of the leading and biggest property developers in Cambodia. Founded in 2005, it soon becomes the prominent property developer in the country due to its large-scale residential projects.

The Group consists of three subsidiaries, all working in the real estate sector. The three companies working under the umbrella of the Borey Peng Huoth Group are
Borey Peng Huoth Construction, Borey Peng Huoth Property Development, and Borey Peng Huoth Shopping Mall.

They’ve sold around 10,000 houses by 2017. The CEO of the group is Mr. Oknha Thay Mengly.

Continue reading Top 7 Property Developers in Cambodia: The Ultimate Guide

Top Real Estate Agencies in Siem Reap: A Complete Guide

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Siem reap is the gateway to one of the most visited temples in the world, Angkor Wat. The tourism industry thrives, naturally, this affects the real estate market positively.

Siem Reap is also famous for having more villas and land available compared to the capital, Phnom Penh. Prices are lower on average as well.

The number of real estate agencies is slightly higher than Sihanoukville, most of the multinational companies have decided to set up head offices in Phnom Penh, but still cater foreigners who wish to buy properties in Siem Reap.

In this article, I list some of the biggest and most popular real estate agencies in Siem Reap.

1. IPS

IPS is an established brand in Cambodia, they’ve managed to set up a strong local presence with a good mix of both local nationals and foreigners. The management consists of Australians and the company is headed by David Murphy in 2009,

David Murphy founded IPS in 2009 and serves as the company’s managing director. The management consists of mostly Australians, but there’s a mixture of both foreigners and local nationals in the company.

David has a long history in real estate and previously managed a hotel for several years.

The company focuses much on expats and foreigners and have staff capable of speaking English, French, and more. Unfortunately, they don’t have any local branch in Sihanoukville but cater to foreigners from their offices in Phnom Penh and Siem Reap.

Property types

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Top Real Estate Agencies in Sihanoukville: A Complete Guide

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Sihanoukville becomes increasingly popular among foreigners and has seen big increases in property prices over the years.

Yet if you look for real estate agents, you won’t find as many options as in Phnom Penh. Still, many of the agents in Phnom Penh can help you to find properties in Sihanoukville.

In this article, I list some of the most popular real estate agencies that help locals and foreigners to buy properties in Sihanoukville.

Some have head offices in Phnom Penh but help foreigners to buy property in Sihanoukville.

1. CBRE

CBRE is one of the largest real estate agencies in the world and was originally founded in the United States.

The company has tens of thousands of employees worldwide, naturally, they have also set up an office in a growing market like Cambodia’s. Continue reading Top Real Estate Agencies in Sihanoukville: A Complete Guide

Top Real Estate Agencies in Phnom Penh: The Ultimate Guide

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Phnom Penh is the capital and business hub of Cambodia, attracting foreigners who want to invest in one of the last frontier markets.

With an annual economic growth of 7%, a young workforce, and pro-foreign policy, it’s not strange why estate agencies have popped up over the years.

Yet, it’s not always easy to find an agency that suits your needs and that caters to you in the best way.

In this article, I list some of the biggest agencies in Phnom Penh, explaining their management, services, and more.

1. IPS

David Murphy established IPS in 2009 and it’s currently one of the biggest and most reputable agencies in Phnom Penh.

During his career, he’s owned a hotel for several years, managed to become a licensed Valuer in Cambodia and prior to that worked with infrastructure development projects.

David has managed to create a team that consists of both local nationals and foreigners that speak a number of languages.

Property types

Continue reading Top Real Estate Agencies in Phnom Penh: The Ultimate Guide

Top Real Estate Agencies in Cambodia: A Complete Guide

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Cambodia’s economy is growing fast and even if the property market has been hot for more than a decade, many investors believe there’s more to come.

But finding a credible real estate agency and a solicitor is crucial, in fact, the country is still undeveloped, and their many pitfalls you can come across.

Fortunately, you can find a number of reputable agencies with long on-the-ground experience. Let’s have a look at some of the biggest and most popular real estate agencies in Cambodia.

1. IPS

IPS is an Australian owned real estate agency in Cambodia, it’s famous for being one of the most credible and biggest agencies.

David Murphy, originally from Australia, founded the company in 2009 and is currently the managing director.

He’s previously owned a hotel for years, is a licensed Cambodian Valuer, and has a long experience in real estate, infrastructure development, facilities management, and more.

Worth mentioning is that the company has a good mixture of both Cambodian nationals and foreigners, ready to serve their clients in French, English, and other languages.

Property types offered

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Buying Property in Siem Reap: The Ultimate Guide

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Siem Reap is the gateway to one of the most visited ancient temples in the world, Angkor Vat.

Following the increased amount of tourists visiting Siem Reap, both locals and foreigners want to grab a share of the real estate market.

Not only will you find opportunities to buy residential property, but it’s also getting increasingly popular to buy hotels and restaurants as well.

In this article, I explain the basics you need to know if you plan to buy property in Siem Reap.

Siem Reap real estate market

Compared to its rival Sihanoukville that gets income from other industries than tourism, like manufacturing and fisheries, Siem Reap’s economy relies heavily on tourism. Continue reading Buying Property in Siem Reap: The Ultimate Guide

How to Buy Land in Sihanoukville: A Complete Guide

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Sihanoukville has grown rapidly the past years and now attracts a big amount of investors and tourists.

Previously a sleepy tourist destination that was infamously known for attracting Western foreigners who were partying a bit too hard, it’s now attracting casino visitors, people enjoying its beach resorts, investors, and more.

Not to neglect, except for tourism, it’s also engaged in a number of other industries like textile, manufacturing, and agriculture.

In this article, I explain the opportunities to buy land in Sihanoukville.

Sihanoukville property market

Much investment pours in to build condos, casinos, and other property that will help to cater to more visitors, mainly from China but also locals.

Yes, the Chinese are taking over the property market in Sihanoukville.

Just listen to this:

Previously, Western companies made up 75% of all investments in Sihanoukville. Nowadays, an almost equally big share of investment is covered by the Chinese – alone.

Locals are even afraid that the Chinese will take over the real estate market completely, making Sihanoukville into a “Chinatown”.

Is Sihanoukville’s property market in a bubble?

Continue reading How to Buy Land in Sihanoukville: A Complete Guide