Press Writing for PR & Communications by Hoem Seiha 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
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.
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.
Seiha Macro Perspectives of Real Estate Industry and Outlooks 2016Hoem 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.
Phnom Penh's Restaurant Consumer Study Report 2015_Full ReportHoem Seiha
EXECUTIVE SUMMARY
Introduction: With the fast growing rate of consumer demand in recent years, food and beverage industry has also been bolstered by the rise of middle class and fast-changing lifestyles of Phnom Penh’s population. Easy to adopt a new culture and foreign ways of life, the Capital’s consumerism, including food and beverage services, has been on the rise among young and active citizens, especially white-collar and business individuals. Objective: Due to the fast growth of the restaurant industry that gives rise to the growing of market complexity, this study was conducted to examine Phnom Penh’s consumer behavior and other market information about foods & beverages and restaurant sectors that should be useful for restaurateurs to operate restaurant businesses successfully. Methodology: The study was conducted by desk research and consumer survey with 1,020 samples in Phnom Penh, the majority of whom were white-collar professionals. Only 991 of the samples are valid for the analyses. Results: Despite a growing competition, the findings indicate that there is huge market demand for high quality meal products and services among the middle to high-end class, the majority of whom start to care about food safety and hygiene as well as friendly, comfortable eating environment. The remarkable market demand is mostly for casual dining products and services, including breakfast and lunch, which is estimated at US$1.5 million per day among the Capital’s professional population. Furthermore, with the increase of trendy consumers bolstered by the rapid adoption of foreign ways of life, coffee products and similar drinks are on high demand among young and active citizens, including expatriates who work and stay in Phnom Penh, who enjoy social trends and activities, giving rise to the increasing needs for attractive and comfortable coffee setting where trendy consumers can enjoy talking with families and friends. Conclusion: Despite an increasing growth of competition in some specific products and services, restaurant industry is a good sector to invest, as the demand especially of both local population and foreign visitors still see a number of opportunities for more eating establishments.
Ruessei Kaev Housing Market and Outlook Report 2016Hoem 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.
Press Writing for PR & Communications by Hoem Seiha 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
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.
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.
Seiha Macro Perspectives of Real Estate Industry and Outlooks 2016Hoem 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.
Phnom Penh's Restaurant Consumer Study Report 2015_Full ReportHoem Seiha
EXECUTIVE SUMMARY
Introduction: With the fast growing rate of consumer demand in recent years, food and beverage industry has also been bolstered by the rise of middle class and fast-changing lifestyles of Phnom Penh’s population. Easy to adopt a new culture and foreign ways of life, the Capital’s consumerism, including food and beverage services, has been on the rise among young and active citizens, especially white-collar and business individuals. Objective: Due to the fast growth of the restaurant industry that gives rise to the growing of market complexity, this study was conducted to examine Phnom Penh’s consumer behavior and other market information about foods & beverages and restaurant sectors that should be useful for restaurateurs to operate restaurant businesses successfully. Methodology: The study was conducted by desk research and consumer survey with 1,020 samples in Phnom Penh, the majority of whom were white-collar professionals. Only 991 of the samples are valid for the analyses. Results: Despite a growing competition, the findings indicate that there is huge market demand for high quality meal products and services among the middle to high-end class, the majority of whom start to care about food safety and hygiene as well as friendly, comfortable eating environment. The remarkable market demand is mostly for casual dining products and services, including breakfast and lunch, which is estimated at US$1.5 million per day among the Capital’s professional population. Furthermore, with the increase of trendy consumers bolstered by the rapid adoption of foreign ways of life, coffee products and similar drinks are on high demand among young and active citizens, including expatriates who work and stay in Phnom Penh, who enjoy social trends and activities, giving rise to the increasing needs for attractive and comfortable coffee setting where trendy consumers can enjoy talking with families and friends. Conclusion: Despite an increasing growth of competition in some specific products and services, restaurant industry is a good sector to invest, as the demand especially of both local population and foreign visitors still see a number of opportunities for more eating establishments.
Ruessei Kaev Housing Market and Outlook Report 2016Hoem 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.
Condominium Market and Outlook Report 2025 by ERA Data Intel.pdfHoem Seiha
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 Report H1 2019 by Hoem Seiha.pdfHoem 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.
Housing Market Report H1 2019 by Hoem SeihaHoem 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.
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.
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.
Property Market and Land Price Report Q1 2018 - Dangkao DistrictHoem 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
Housing Market and Outlook Report 2017 - Cambodia - by Hoem Seiha - BriefingHoem 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
Mean Chey District: Property Market Review Q1 2017Hoem 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.
Phnom Penh Housing Market and Outlook Report 2016 - EnglishHoem 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.
Ruessei Kaev Housing Market and Outlook Report 2016 PresentationHoem 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.
Tuol Kouk, Sen Sok Market review - Vtrust Appraisal - EnglishHoem 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.
Chrouy changva land market review Vtrust Appraisal - EnglishHoem 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.
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.
Pondering Aquaculture’s Potential: Fish farming in Cambodia on the increase b...Hoem Seiha
Although Cambodia is rich with natural fish—producing a hundred thousand tons annually—it doesn’t mean there are enough fish caught to feed the whole country.
As the Kingdom’s ever-growing population is putting a huge strain on the increasingly limited natural fish supply that
can no longer ensure the huge amount of supply needed to feed Cambodians’ mouths, aquaculture is being touted as the solution.
Condominium Market and Outlook Report 2025 by ERA Data Intel.pdfHoem Seiha
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 Report H1 2019 by Hoem Seiha.pdfHoem 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.
Housing Market Report H1 2019 by Hoem SeihaHoem 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.
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.
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.
Property Market and Land Price Report Q1 2018 - Dangkao DistrictHoem 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
Housing Market and Outlook Report 2017 - Cambodia - by Hoem Seiha - BriefingHoem 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
Mean Chey District: Property Market Review Q1 2017Hoem 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.
Phnom Penh Housing Market and Outlook Report 2016 - EnglishHoem 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.
Ruessei Kaev Housing Market and Outlook Report 2016 PresentationHoem 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.
Tuol Kouk, Sen Sok Market review - Vtrust Appraisal - EnglishHoem 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.
Chrouy changva land market review Vtrust Appraisal - EnglishHoem 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.
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.
Pondering Aquaculture’s Potential: Fish farming in Cambodia on the increase b...Hoem Seiha
Although Cambodia is rich with natural fish—producing a hundred thousand tons annually—it doesn’t mean there are enough fish caught to feed the whole country.
As the Kingdom’s ever-growing population is putting a huge strain on the increasingly limited natural fish supply that
can no longer ensure the huge amount of supply needed to feed Cambodians’ mouths, aquaculture is being touted as the solution.
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
Dynamics 365 Bid Management for Construction ProjectsDynamic Netsoft
This PDF provides a straightforward guide to using Dynamics 365 for efficient bid management in construction projects. Learn how to streamline processes, improve accuracy, and enhance productivity with practical tips and step-by-step instructions.
https://dnetsoft.com/dynamics-365-bid-management-software
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
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Rams Garden Bahcelievler - Istanbul - ListingTurkeyListing Turkey
Implemented by Rams Global in Bahcelievler, the Rams Garden Bahcelievler Apartments includes 796 residences of different types from 2+1 to 5+1.
Next to the project, which will have 33 thousand square meters of green area, there will be 42 thousand 300 square meters of woodland. There will also be a 210-meter-long pond in the landscape of the project. There are 94.5 square meters of green space per flat.
Rams Garden Bahcelievler Apartments, which has 8 times more green space than the average of Istanbul with its 33 thousand square meters of green area located within a total of 75 thousand square meters, offers various housing options from 2+1 to 5+1.RAMS Garden has brought a lifeline to the construction industry.
Rams Global, which has signed projects in many places from Dubai to Phuket and delivered more than 20 thousand residences, is now starting new projects in Istanbul.
Rams Garden Bahcelievler is located 9 minutes from Metroport AVM, 5 minutes from Marmara Forum AVM, 12 minutes from Kazlıçeşme beach, 9 minutes from Yıldız Technical University, 7 minutes from Istinye University, 9 minutes from Ramada Hotel and Medicana Hospital.
https://listingturkey.com/property/rams-garden-bahcelievler-apartments/
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
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Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
Credit absorption by sector by Hoem Seiha - VTrust Appraisal
1. Credit Absorption
by Sector
Fast Facts
September 2015
By Hoem Seiha,
Director of Research
H/p: 012-699-553 | seiha@vtrustappraisal.com
Website: www.vtrustappraisal.com
2. of deposits from private sector by the end
of 2013 and 2014, respectively
US$
8.81
Billion
2014
US$
6.88
Billion
2013
14.2% yoy
30.6% yoy
Source:WorldBank;CambodianAuthorities
4. of the total credits absorbed by each sector
by the end of 2014, respectively
19
%
Construction
& Real Estate
10.4
%
Agriculture
35.9
%
Wholesale
& Retail
Source:WorldBank;CambodianAuthorities
9.6
%
Manufacturing