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ERA Data Intel outlooks at condominium market as a positive growth, albeit very thin, thanks to overall economic recovery with GDP poised to grow by 6.1 percent in 2024 and 6.3 percent in 2025, according to World Bank forecast. By 2025, overall condominium figures are forecast to reach: 142,700 of total existing and new units cumulatively added up from all types such as residential and commercial categories of condominiums across Phnom Penh. • 76,600 of total existing and new units cumulatively added up to the market for those classified under residential-purpose built category. • 75,200 of total units cumulatively completed for those classified under residen tial-purpose built category. Despite the overall oversupply and low occupancy rate, market players have started market stimulation such as lowering prices, optimizing unit sizes and prices to suit current and future demand, and adopt aggressive sale strategies to pass through this tough of time. In addition, market simulation strategies such as renovating available units into rental apartments, offices and hotels to liquify their assets were also applied across the market.
Condominium Market and Outlook Report 2025 by ERA Data Intel.pdf
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Hoem Seiha
Executive Summary Condominium market in Phnom Penh capital will continue to grow gradually as it is supported by the increasing trend of local interest in owning condominium units as their secondary homes. Flexible and accessible financial options widen the condominium market and this puts a target on both effluent and mid-income local buyers. However, a slight drop of new launches this year is preliminarily projected as opposed to what it was witnessed last year, while the demand is estimated to absorb all the supply relatively slower than they did in 2018. Key Highlights Overall market situation in the first half of 2019 was averagely favorable, as the figures indicate: 66,000 is the cumulative total counts of condominium units from all condo types as of H1 2019, when 26,000 units were already constructed, occupiable and lettable (cumulative from 2007- H1 2019) and about 40,000 units are on the pipeline of both under construction and on the schedule to launch in the next coming years. 6,600 of new condo units from many different projects across the capital were launched for sales onto the market during H1 2019. 6,200 of new condo units were constructed and ready for renovation or move-in during H1 2019. 3.7 percent of market absorption rate is estimated to achieved this year as opposed to 4.3 percent in 2018. 2 and a half years of market absorption when an average condominium project is estimated to sell off all its total units, slightly longer than 2 years of the market absorption in 2018.
Condominium Market Report H1 2019 by Hoem Seiha.pdf
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ERA Data Intel outlooks at condominium market as a positive growth, albeit very thin, thanks to overall economic recovery with GDP poised to grow by 6.1 percent in 2024 and 6.3 percent in 2025, according to World Bank forecast. By 2025, overall condominium figures are forecast to reach: 142,700 of total existing and new units cumulatively added up from all types such as residential and commercial categories of condominiums across Phnom Penh. • 76,600 of total existing and new units cumulatively added up to the market for those classified under residential-purpose built category. • 75,200 of total units cumulatively completed for those classified under residen tial-purpose built category. Despite the overall oversupply and low occupancy rate, market players have started market stimulation such as lowering prices, optimizing unit sizes and prices to suit current and future demand, and adopt aggressive sale strategies to pass through this tough of time. In addition, market simulation strategies such as renovating available units into rental apartments, offices and hotels to liquify their assets were also applied across the market.
Condominium Market and Outlook Report 2025 by ERA Data Intel.pdf
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Hoem Seiha
Executive Summary Condominium market in Phnom Penh capital will continue to grow gradually as it is supported by the increasing trend of local interest in owning condominium units as their secondary homes. Flexible and accessible financial options widen the condominium market and this puts a target on both effluent and mid-income local buyers. However, a slight drop of new launches this year is preliminarily projected as opposed to what it was witnessed last year, while the demand is estimated to absorb all the supply relatively slower than they did in 2018. Key Highlights Overall market situation in the first half of 2019 was averagely favorable, as the figures indicate: 66,000 is the cumulative total counts of condominium units from all condo types as of H1 2019, when 26,000 units were already constructed, occupiable and lettable (cumulative from 2007- H1 2019) and about 40,000 units are on the pipeline of both under construction and on the schedule to launch in the next coming years. 6,600 of new condo units from many different projects across the capital were launched for sales onto the market during H1 2019. 6,200 of new condo units were constructed and ready for renovation or move-in during H1 2019. 3.7 percent of market absorption rate is estimated to achieved this year as opposed to 4.3 percent in 2018. 2 and a half years of market absorption when an average condominium project is estimated to sell off all its total units, slightly longer than 2 years of the market absorption in 2018.
Condominium Market Report H1 2019 by Hoem Seiha.pdf
Condominium Market Report H1 2019 by Hoem Seiha.pdf
Hoem Seiha
Key Highlights Overall market situation in the first half of 2019 was good, as the figures indicate: • 166,000 is the cumulative total counts of landed housing units as of H1 2019, when 105,000 units were already constructed and occupiable (cumulative from 2001- H1 2019) and about 60,000 units are on the pipeline of both under construction and planning. • 13,900 of new housing units from many different projects across the capital were launched for sales onto the market during H1 2019, with a growth of 32 percent over the previous semester. • 4,600 of new housing units were constructed and ready for buyers’ move-in during H1 2019. • 10 percent of market absorption rate is estimated to achieved this year as opposed to 8 percent in 2018. • 12 months of market absorption when an average housing project is estimated to sell off all its total housing units, slightly faster than 15 months of the market absorption in 2018.
Housing Market Report H1 2019 by Hoem Seiha
Housing Market Report H1 2019 by Hoem Seiha
Hoem Seiha
Vtrust Appraisal Research Department has launched a research plan for 2019 by recollecting and updating real estate markets every month, producing reports for every quarter throughout the year of 2019. Subscribers can enjoy a wide range of real estate market insights and well-analyzed research papers with very minimal costs.
Subscription plan 2019 vtrust appraisal
Subscription plan 2019 vtrust appraisal
Hoem Seiha
A decennium report of about 300 pages (in Khmer, English, Chinese versions), Phnom Penh 2030s will present insightful data and exhaustive information on Phnom Penh’s real estate sector from the last ten years and trend predictions into the next ten years. In this decennium report, ten key aspects related to real estate sector will be on the spotlight.
Decennium Report: Phnom penh 2030 Plan
Decennium Report: Phnom penh 2030 Plan
Hoem Seiha
Dangkao District Overview Property Market Introduction Pricing Trends - Land Size and Land Price per Sqm Pricing Trends - Distance and Land Price per Sqm Property Market View and Land Prices by Street and by Commune Housing Market View in Dangkao District Ongoing and Future Developments Nearby and Onsite Development Projects Brief on New Airport Plan Outlook and Trend
Property Market and Land Price Report Q1 2018 - Dangkao District
Property Market and Land Price Report Q1 2018 - Dangkao District
Hoem Seiha
Historical and Cumulative Supply, by year since 2010 New Supply in 2017 Supply by Types of Housing, Location, Zone, Developer Market Performance, Number of Units Sold, Sold by Type, Location, Developer Mapping of Development Projects Sale / Stock Ratio, Market Absorption Rate Number of Units Finished and Released by year since 2010 Number of Projects and Units under Construction, Nearing Completion, and on Delay Sold Prices by Type, Location, Quartile Pricing Analyses VTA Housing Price Index Occupation to Vacancy Ratio by Location Housing Market Outlooks onto 2018 and 2019 Industry Conclusion and Recommendations
Housing Market and Outlook Report 2017 - Cambodia - by Hoem Seiha - Briefing
Housing Market and Outlook Report 2017 - Cambodia - by Hoem Seiha - Briefing
Hoem Seiha
Driven by the rapid growth of residential and commercial hubs within certain areas of Mean Chey district and spill-over impacts of Boeng Cheung Aek Development Plan, which covers some parts of Mean Chey, Dangkao, and Takhmao, Mean Chey’s property prices saw a slight pick-up. In the first quarter of 2017, prices of landed properties and land parcels across the district grew by 5.6 percent (2017Q1-over-2016Q1), despite negative property market sentiment over the course of last year. Average land prices in the first quarter of 2017 across the district ranged between US$850 and US$1,200 per sqm. Whereas minimum land price could be as low as US$150 per sqm in the least developed zones, maximum land price (exclusive of buildings or structure) in the bustling commercial hubs could be as high as US$4,470 per sqm. Mean Chey also saw a big jump in the completion of cluster landed housing units in 2016, having up to 1,500 units finished within the year. Even more, other projected completion of 2,700 housing units will add to the existing figure by the end of 2017. As of today, cumulative supply of landed housing units reaches 9,400 units across the four communes of Mean Chey district. In term of development trends, Mean Chey has enormous potential for its partial coverage of Boeng Cheung Aek development zone known as ING City, which lies across some parts of Mean Chey, including Dangkao district and Takhmao province. The zone is expected to become a satellite city with a central hub for mixed-use development, while the nearby areas will also see the impacts.
Mean Chey District: Property Market Review Q1 2017
Mean Chey District: Property Market Review Q1 2017
Hoem Seiha
Market absorption rate for cluster landed housing increased markedly in 2015, achieving 41 percent of sales growth last two years, yet the sales rate in 2016 fell by 41 percent. The unsold stock also floated high last year. Of the total units launched for sales in 2016, 51 percent of the total launches were sold. By 2017, however, market demand will manage to maintain its growth momentum, as chiefly bolstered by the recent inception of very flexible and buyer-friendly schemes, albeit credit and mortgage growth is likely to continue cooling down this year. Opportunities will arise among first-home buyers thanks to a large number of housing units due to completion and readiness to move in within this year, when a projected 28,000 of new homes are slated for completion within 2017, representing a 93 percent y-o-y increase. Of the newly finished housing units in 2016, 4 percent of them were still available in the primary markets, while onto 2017, the sold-to-completed ratio is predicted to further decline because of the slow market absorption rate last year, leaving many units yet to be sold and adding to the existing housing stock this year. This could eventually impede home prices from aggressively going up. A large number of housing units to be finished at the same time by 2017 will create some challenges for developers who have built the houses but have not sold off their finished units on the expected schedules. This unsold rate among the finished projects will increase by 2017, to some degree, if the slow rate of market absorption still persists in 2017 or through to 2018.
Phnom Penh Housing Market and Outlook Report 2016 - English
Phnom Penh Housing Market and Outlook Report 2016 - English
Hoem Seiha
The housing market has risen sharply within these five years, with noticeable trends seen as an influx of new launches of condominium and cluster landed housing units that seems to flood the market at the moment. This offers even more options for prospective buyers to tour around looking for a new home that suits their style, preference and budget. In the marketplace, most still prefer landed properties; a few look onto high-rise condos; and many seek ones at which they could afford to pay with some short of finance scheme. Yet there remains a lot more to learn about the Phnom Penh Housing Market.
Ruessei Kaev Housing Market and Outlook Report 2016 Presentation
Ruessei Kaev Housing Market and Outlook Report 2016 Presentation
Hoem Seiha
Ruessei Kaev’s landed housing market grew remarkably within the preceding five-year period from 2012 to 2016, with an average of 1,600 new housing units launched into the market each year. Well over 2,800 units were completed in 2016, and it is projected that well over 3,000 additional units will be finished off and ready for prospective occupants by 2017. Fortunately, only 14 percent of the launched units are awaiting total completion recorded as of today, whereas 17 percent are still listed on the market inventory. In sum, albeit a slight market slowdown since the end of 2015, housing market stimuli initiated by developers has come to ignite the demand engine again, giving rise to a ‘slightly’ positive trend expected to continue over the course of 2017.
Ruessei Kaev Housing Market and Outlook Report 2016
Ruessei Kaev Housing Market and Outlook Report 2016
Hoem Seiha
Pou Senchey, since the last decade, has seen a rapid pace of development, especially in the realm of residential, commercial, and industrial sub-sectors, leading to a considerable land price surge across the district. Observed within the period of the past three years, the district experienced an average annual growth of 31 percent in land prices, from US$110 p.sqm. in 2013, when averaged across the whole district, to US$170 p.sqm. in Q3 2016. Within those three years, 2014 and 2015 marked the strongest growth for land prices, yet during the course of three quarters of 2016 the prices were sluggish to move upward due to the situation that overall real estate market has cooled down steadily since late 2015.
Pou Senchey Market Review Q3 2016 Vtrust Appraisal - English
Pou Senchey Market Review Q3 2016 Vtrust Appraisal - English
Hoem Seiha
Sen Sok district (Khan in Khmer) has experienced a rapid growth, especially in term of residential, commercial, and infrastructure developments. Thus, land prices in the whole district increased markedly within the last couple of years. By the end of 2013, average market price of land in Sen Sok was US$380 per sqm. In the first half of 2016, average market price in the district rose to US$690 per sqm, with average growth of 27 percent y-o-y from 2013 to 2015. Nevertheless, land market prices across Sen Sok district have stagnated since the beginning of 2016, making Q1-to-Q2 2016 list price ratio to drop to 99 percent, though minimally, as property sellers were testing the market at which a reasonable market price should be met. Tuol Kouk district, on the other hand, experienced a slight rise in land price within the same period, from average market price of US$2,150 per sqm in 2013 to US$ 2,530 per sqm in early 2016, growing at 6 percent y-o-y within the tracked period. However, across Tuol Kouk district, Q1-to-Q2 2016 list price ratio dropped to 99 percent due to real estate market stagnancy since the start of this year. In sum, these two districts both of which lie northwest of the central Phnom Penh have enjoyed a rapid growth in term of residential and commercial developments. The suburban Sen Sok district, for example, has witnessed a noticeable pace of developments, especially mixed-use landed housing and infrastructure, which gives rise to a change in the skyline and rapid surge in land prices over the course of the previous three years. This growth will continue its pace as developers foresee market optimism over the next coming years.
Tuol Kouk, Sen Sok Market review - Vtrust Appraisal - English
Tuol Kouk, Sen Sok Market review - Vtrust Appraisal - English
Hoem Seiha
Press release (also news release or media release), usually referred to “general press release” is the form of news related to an organization specially sent to either the media to earn free media coverage or to the public to earn publicity. Press Release, Commentary Release, Launch Release, Product Release, Media Advisory, Personnel Announcement, Periodic Report/Review, Speech & Keynote
Press Writing for PR & Communications by Hoem Seiha
Press Writing for PR & Communications by Hoem Seiha
Hoem Seiha
Notably, during the first quarter of 2016 the Kingdom attracted 473 investment projects in the construction sector worth of in total US$1.6 billion, showing an increase of 257.51 percent compared with the same period last year. In 2015, construction investment values grew by 33 percent y-o-y if compared to 2014, with most investments were injected into condominiums and commercial complexes.
Seiha Macro Perspectives of Real Estate Industry and Outlooks 2016
Seiha Macro Perspectives of Real Estate Industry and Outlooks 2016
Hoem Seiha
Chrouy Changva peninsula has witnessed a surge in land prices thanks largely to the completion of the second Chrouy Changva Bridge and the Kingdom‟s largest Sokha Phnom Penh Hotel along with some other mid-rise devel-opments such as Bellevue Apartment, Yellow Tower, and three of the Mekong Apartments, just to name a few. The peninsula satellite city project known as “City of the Fu-ture”, which was mapped out five years ago, and the recent kickoffs of high-rise condominium projects such as the Bay and La Vie Residences have also pushed land prices in the areas to skyrocket in recent years. A recent survey by VTrust Appraisal indicates that the av-erage growth of land prices in Chrouy Changva district (khan in Khmer), which mainly covers the peninsula, hov-ers at 20 percent year-on-year, with the average price of the fastest growing zone in Chrouy Changva commune (sangkat in Khmer) standing at US$1,080 per sqm in the second half of 2015 as compared to US$670 per sqm in the same period of 2013. Despite the rapid growth in land prices in Chrouy Changva peninsula, the neighboring district of Ruessei Kaev, located west and opposite Tonle Sap River, has experienced only a slight jump for land prices within these two years, on aver-age hovering at 8 percent year-on-year. With some of the signs marked today, Chrouy Changva peninsula has quickly attracted the population and will continue to witness a rapid surge in land prices, especially driven by major residential and mixed-use developments, both complete and recently announced, and the peninsula city master plans mapped out by OCIC and L.Y.P Group.
Chrouy changva land market review Vtrust Appraisal - English
Chrouy changva land market review Vtrust Appraisal - English
Hoem Seiha
About 275,000 sqm is the the total supply of retail property in 2015, contributed hugely by the coming of AEON Mall (Retail Market Phnom Penh, Sept 2014, CBRE). Commercial property market has been growing strong since the last few years, with the supply of major commercial development centers such as Sovanna Mall, Canadia Tower, Phnom Penh Tower, and lately the Ratannac Tower and AEON shopping mall as well as the soon-coming Parkson Mall.
V trust appraisal market updates
V trust appraisal market updates
Hoem Seiha
As maintained by the steady demand for commercial and residential buildings, Chamkarmon district experienced 10% of land price average increase y-o-y from the fourth quarter of 2013 to that of 2014.
Chamkarmon Market Review 2015 by Hoem Seiha Vtrust Appraisal
Chamkarmon Market Review 2015 by Hoem Seiha Vtrust Appraisal
Hoem Seiha
Tertiary Orientation by Hoem Seiha was hold in Banteay Meanchey in 2009 with participants anticipating to attend university classes in 2009.
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Decennium Report: Phnom penh 2030 Plan
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Writing leads
1.
Writing Leads By Hoem Seiha H/p: 012‐699‐553 Email: entrepconsulting@gmail.com
2.
There are many different types of leads writers often use in their news articles. The most common types of lead are: ∗ Declaration ∗ Description ∗
Anecdote ∗ Striking statement ∗ Prominent quote ∗ Question Types of Leads
3.
Most often the writers use a declarative lead (sometimes called summary or direct lead) for their news stories. This kind of lead is mostly used for a hard news story. Declarative leads are direct and straightforward by: ∗ providing direct angle of whole article, or ∗ Providing suggested ideas or facts about article, or ∗
Discussing directly what the article will cover about Lead: Declaration
4.
∗ Beeline plans to give away school materials to 1‐6 grade students throughout Cambodia for school‐year 2011‐ 2012, as to encourage students at primary schools to study hard and encourage parents to send their children to schools. Example: Declarative Lead
5.
In a description lead, a writer describes something like an object or event in one or more than one sentences. It is mostly used in a feature story. A descriptive lead can be about: ∗ An object, ∗ An Event, ∗
A person, or ∗ Something Lead: Description
6.
∗ Restaurateurs and business enthusiasts gathered to listen, learn and share restaurant‐centric development strategies at Park Café, Vtrust Outlet, yesterday evening from 5:30 until 8:30. Five feature speakers from Park Café restaurant chain and some other successful eating establishments shared their knowledge of restaurant business operations with the participants. And that was the third monthly Briefing Session themed on Restaurant Operation Management. Example: Descriptive Lead
7.
An anecdotal lead tells you a very inspiring, short story of something happening in reality. It should give a hint or be related to the whole story. It’s different from a narrative in that narrative is usually longer, often described in a series of events. Lead: Anecdote
8.
∗ Once challenged by a lack of knowledge of restaurant operations management, Voeung Chan Delice, one of the participants at the event known as Briefing Session on Restaurant Operations Management, have now learnt how to manage operations in her restaurant well. “The session has provided me with practical knowledge applicable for my restaurant operations,” she said. Example: Anecdote
9.
Short, snappy statement intended to surprise the reader. Example: ∗ Even if people benefit from the use of Facebook, some people are now losing their time without realizing it. Lead: Striking Statement
10.
Not so often, some writers use this quote to lead the story by getting the main character of the story into the opening immediately. Example: ∗ “Thanks to the global financial crisis, the prices of property are now at the stable pace,” said Cheng Kheng, managing director at PLC Property Cambodia, at the news conference on real estate industry last week. Lead: Prominent Quote
11.
Ask an interesting question to lead the whole story. Example: ∗ Some people say uncontrolled use of Facebook can result in negative effects, but how can it really affects users? Lead: Question
12.
Delayed leads start with a little something to catch the reader's attention, and therefore they delay the real stuff of leads ‐‐ the 5W's, the message and the angle. ∗ The arrival of 3D movie technology has made many of Cambodian moviegoers eager to sit and enjoy experiencing Hollywood movies in three‐dimension views. Legend Cinema, the first comer to offer 3D movie experiences, satisfies the thirsty moviegoers who only previously have heard the availability of 3D movies in other countries than Cambodia. Delayed Lead
13.
1. Two children at play were killed today when a sports car jumped the curb outside Prospect Park and ran them down. Twelve in the group were injured. 2. BRIGHTON, England (UPI) ‐‐ Mrs. Pamela Bransden slowly counted five, snapped into a hypnotic trance, and gave birth to an eight‐pound baby. It was as easy as that. Today she relaxed at her home here, delighted that she has become Britain's first self‐ hypnosis mother. Practice: Identifying Lead Types
14.
1. "I'd like to jail parents themselves who are so lax their kids are boosting the crime rate!" This statement came from Juvenile Court Judge Warren Jones, in releasing a report on the rapid rise in juvenile crime rate in this city. 2. What is the first thing that a woman buys when she is advised that she won $2,50,000 in a jingle contest? Mrs. Jane Roe, informed by XYZ Soaps that her entry took top prize in the nationwide contest, said that she will buy a rhyming dictionary that . . . Practice: Continue
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