Real Estate Business in Cambodia

Do you like this story?

Now I see that the property market in Cambodia especially in Phnom Penh has been improving a lot more than before. In this, I notice that many buildings, tall buildings, office buildings, houses, and apartments are being built all over in this small city.
Compare to the past time like around the year 2000, there were not many building projects increased like mushrooms like this. At the present, when you drive along the ways or some of the main boulevards, you will see one or two high buildings containing at least seven to eight stories being constructed.
For me, I feel very surprised and kind of so proud that in Cambodia, in particularly in Phnom Penh has many skyscrapers now. And the people are also interesting in buying a house, flat, and villa because most banks provide a house loan to their customers like Vattanac Bank, and ANZ Royal Bank, that you can see a recently advertisement on TV about a providing a loan to buy your dream house.


Meanwhile, I have observed that people or Cambodian people right now have the tendency to live in a modern lifestyle just like in Singapore, or United States, in which they have nice bed rooms, bath rooms, cute living room, garage, lovely kitchen, and with up-to-date household appliances such as refrigerator, dining table, lamps, wardrobes, flat-screen TVs, sofa, and so on.
If looking at the new projects, I see there are Borey Kompong Speiu located in Kompong Speiu province, which is 50 meters from Kompong Speiu market, in Pol Krang Tep Village, Sangkat Ka Tom, Chbar Mom City, Borey Peng Huoth-The Star Pltinum project on road number one, which is 200 meters from Chbar Aompoy Market, Borey ChamkarLmut (Chey Mongkul 2) near Chbar Aompoy market, and many other more including the apartment and office building projects like Rose City Condominiums, and The Phnom Penh Tower from HYUNDAI AMCO, a member of HYUNDAI MOTOR GROUP.

Borey Chamkar Lmut, the area contains two hundred and four houses. All are already equipped with water and sewage systems. The front sides of the houses are wide open. The building size is 4 m x 15 m, and the house style is twin bungalow. The company has alternative options for the low-income family to get off the house debt if they want to buy.
For Borey Peng Huoth: The Star Platinum, it is a second project after the first one located in Sangkat Steoung Meanchey, which the house styles are flats, twin villas, and single villas. However, this new project has brought many more and different kinds of the houses, and all of them looks very fancy; they are link houses, a flat, but with nicer design than the
one in Steoung Meanchey branch, and then Villa King A and B, Villa Queen, and Twin Houses.
Whereas Borey Kompong Speiu, the company has started the construction since the beginning of 2011, this base on the Khmer property Magazine issued in January 2011, and which it would have been stretched out on fourteen hectar of land. The area will be surrounded with hospital, municipality of the Chbar Mom city, and other significant institutions in the province.
Most of those new projects have been sold out very fast! As my mother and my sister had been invited to visit Borey Peng Huoth’s second project, the Star Platinum, at the construction site, they were very shocked to know that some of them have already been booked while nothing had been available at there yet only the sample. And from the documents and the project plan that I asked from them to see, I can make my guess that 10 % of them have the owners.
Regarding to Borey Chamkar Lmut, the sale has also been successful! It has been put on the market since October 2010. The sale is divided into four steps in which one steps, there are fifty one flats. In their first sale, 60% have already sold out, this according to Miss. Keo Sot Ma Da, the owner of the Borey Chamkar Lmut project, stated in The Khmer Property Magazine issued in December 2010.
For my future expectation for the real estate business in Cambodia is, it will continue to go forward on. And Cambodia will be like that of developing countries in the world, which full of property market business.