Meridian’s Expansion in Phnom Penh: A Complete Overview

Posted on Leave a comment

skylar-meridian-phnom-penh

Meridian International Holding is an international corporation established more than 3 decades ago. The group started from a base in textiles and garments but has diversified its business through property development and investment.

In the past years, Meridian has invested hundreds of millions of dollars in a handful of high-end projects in Phnom Penh. Today, the CEO of Meridian International Holdings in Cambodia, Mr. Ko Sek Yan, will explain more about the projects, unit prices, yields, and buying process.

1) What makes Phnom Penh interesting for property investors?

First of all, Phnom Penh is located in the Central South Peninsula, bordering to the West and Northwest of Thailand, Northeast of Laos, East and Southeast of Vietnam, and facing the Gulf of Siam in the South.

One Belt One Road Initiative” (OBOR) is one of the key geopolitical and strategic developments shaping the world today. Touted as the 21st century Maritime Silk Road, OBOR aims to connect the eastern part of China’s coastal cities with Europe via the Indian Ocean and South China Sea. Continue reading Meridian’s Expansion in Phnom Penh: A Complete Overview

Investing in Phnom Penh’s Luxury Property Market

Posted on Leave a comment

phnom-penh-city-centre

Cambodia is one of the fastest growing countries in Asia and has attracted many foreign investors during the past years. Even if the market has been a bit shaky, overseas buyers, and especially Chinese, continue to flood the property market in vast numbers.

Here, you’re not only able to buy residential property, but also commercial property that can bring in great returns long-term.

Today, I’ve invited CS Tee from Huttons Asia in Singapore to explain more about how it works when buying luxury real estate in Cambodia. He has personally bought commercial property in The Peak and will explain about the property market, the buying process, property taxes, what the benefits and drawbacks are, and more.

Let’s see what he has to say.

Thanks for being here Tee. You’re from Singapore and promote Cambodia real estate to international buyers. Can you explain what makes Cambodia so interesting and why foreigners should consider investing in real estate here?

Cambodia is still a relatively new market and therefore has the potential for an attractive return on investment compared to its neighbouring countries, like Thailand and Vietnam.

Continue reading Investing in Phnom Penh’s Luxury Property Market

How to Buy Property in Cambodia: A Complete Guide for Foreign Investors

Posted on 8 Comments

Suggestion: Watch the 5 minutes video tutorial before reading this article

Do you plan to buy property in Cambodia?
Click here to get in touch with an experienced agent

Cambodia will be a prime destination for property buyers in the coming decade. Having one of the fastest-growing economies in the world, early investors with some risk appetite can gain great yields.

It’s also the last frontier country in Southeast Asia and that welcomes foreign investors with open arms. Not surprisingly, individuals and corporations pour in to take a slice of this growing market.

However, before you engage in Cambodia’s property market, it’s important that you learn about ownership regulations, what kind of property you should buy, where to buy, and more.

In this article, you’ll learn the following:

Continue reading How to Buy Property in Cambodia: A Complete Guide for Foreign Investors

Buying Property in The Peak (Phnom Penh): By Huttons Asia

Posted on Leave a comment

the-peak-swimming-pool

This article includes sponsored ad content by Huttons Asia

This week, we have a look at a high-end mixed use project, The Peak, located in Phnom Penh, Cambodia. The project is planned to be completed in 2020 and Huttons Asia has helped us to write this sponsored article, where they share more information about the development.

The Peak is a freehold property and integrated with Shangri-La’s 5 Stars Hotel & CapitaLand Mall, located right in the heart of Phnom Penh. Within 200 meters, you’ll reach the famous Nagaworld 5-Stars Hotel & Casino (the only Casino in Phnom Penh).

Within 350 meters, you’ll be able to reach the upcoming World’s tallest twin tower, set to overtake Kuala Lumpur’s Petronas Twin Towers. And The Peak will be the closest residential tower, right next to this upcoming World’s tallest twin tower!

Sounds amazing, right?

The project is built by Oxley Holdings Singapore, which successfully launched The Bridge in Phnom Penh and is completely sold out.

the-peak-cambodia

If you’re interested in The Peak, you can contact Mr. CS Tee at Huttons Asia with the following contact information.

Continue reading Buying Property in The Peak (Phnom Penh): By Huttons Asia

The 6 Cheapest Places to Buy Real Estate in Asia: A Complete Guide

Posted on Leave a comment

Asia-cheapest-real-estate

Do you plan to buy property in Asia?
Click here to get in touch with an experienced agent

A commonly asked question among property buyers is where they can find the cheapest properties.

One should bear in mind though that it’s not easy, nor very important, to discuss property prices on national levels. It’s better to focus on a handful of cities, or the capitals, places where a big part of investors tend to go.

In this article, I list the countries with the cheapest land, houses, and apartments in Southeast Asia/Asia.

Before we deep dive into, I want to mention that I haven’t taken countries such as Mongolia, Brunei and Sri Lanka into consideration.

6. Thailand

Continue reading The 6 Cheapest Places to Buy Real Estate in Asia: A Complete Guide

Top 7 Property Developers in Cambodia: The Ultimate Guide

Posted on Leave a comment

cambodia-property-developers

Do you plan to buy property in Cambodia?
Click here to get in touch with an experienced agent

Many foreign residential property buyers decide to go for off-plan properties when investing in Cambodia. There are also a number of foreign companies who 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’s 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 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

Posted on 1 Comment

siem-reap-real-estate-agencies

Do you plan to buy property in Cambodia?
Click here to get in touch with an experienced agent

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.

Introductory remark

The real estate agencies are listed in a random order.

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 focus 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 foreigners from their offices in Phnom Penh and Siem Reap.

Property types

Continue reading Top Real Estate Agencies in Siem Reap: A Complete Guide

Top Real Estate Agencies in Sihanoukville: A Complete Guide

Posted on 1 Comment

sihanoukville-real-estate-agencies

Do you plan to buy property in Cambodia?
Click here to get in touch with an experienced agent

Sihanoukville becomes increasingly more popular among foreigners and has seen big increases in property prices over the years. 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 who help locals and foreigners to buy properties in Sihanoukville.
Introductory remark

The real estate agencies are listed in a random order. Some of the below listed real estate agencies have their 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.

Unfortunately, CBRE doesn’t have any remote office in Sihanoukville, as the head office is located in Phnom Penh, opened in 2007. But they help foreigners with a number of property services in the city.

CBRE has a number of reputable clients in the country, for example, the Embassy of Korea, PWC, KLM and Nokia.

Property types

Continue reading Top Real Estate Agencies in Sihanoukville: A Complete Guide

Top Real Estate Agencies in Cambodia: A Complete Guide

Posted on 3 Comments

cambodia-real-estate-agencies

Do you plan to buy property in Cambodia?
Click here to get in touch with an experienced agent

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 there many pitfalls you can come across.

Fortunately, you can find a number of reputable agencies with long on-the ground experience. That’s why I’ve written this article, to save you some time. Let’s have a look at some of the biggest and most popular real estate agencies in Cambodia.

Introductory remark

The agencies are listed in a random order.

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

Continue reading Top Real Estate Agencies in Cambodia: A Complete Guide

Buying Property in Siem Reap: The Ultimate Guide

Posted on 2 Comments

buying-property-siem-reap

Do you plan to buy property in Cambodia?
Click here to get in touch with an experienced agent

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, it’s 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. In fact, it’s said that 50% of the Cambodians who live in Siem Reap work in tourism.

Just look at these numbers:

The tourism has increased massively in Cambodia the past years and more than 5 million people visit the country yearly. Siem Reap receive more than 2 million tourists each year, making a great contribution.

I think we can agree that these numbers speak for themselves.

As one of the most visited cities in the world, especially from countries like China, Korea and Vietnam, tourism grow by 10% on average annually.

The Chinese flood Siem Reap’s property market

Continue reading Buying Property in Siem Reap: The Ultimate Guide