Seeking for a job by Hoem Seiha_Tertiary Education Orientation Hoem Seiha
This document provides tips for seeking a job in Cambodia, including keeping an eye on newspapers, surfing employment websites, contacting people to build your network, visiting companies, contacting employment agencies, checking the yellow pages directory, and providing contact information for several recommended employment agencies in Phnom Penh.
Vtrust quarterly newsletter issue 2 (2nd quarter of 2013)Hoem Seiha
The document discusses several topics related to the Cambodian property market:
1) Satellite cities are seen as a solution to address overcrowding in Phnom Penh. Demand for cheap rental accommodations in the city remains high.
2) Foreign investment is driving demand for high-grade office space in Phnom Penh. Rents for grade B and C offices saw growth over the past year.
3) Land prices increased in the first quarter of 2013, with agricultural land prices rising in the northeast region of the country.
Cambodia's climate challenge news report by Hoem SeihaHoem Seiha
Climate change will hit developing nations
like Cambodia hardest. A coordinated response is
so far lacking, though some possible solutions are
taking shape.
A recent study of Thailand, Vietnam, Indonesia,
and
the
Philippines
concluded
that,
in
the
‘business-as-usual’
scenario,
climate
change-related
economic
losses
could
amount
to
6.7
percent
of
GDP
by
the
next
century.
Given
the
relative
high
vulnerability
of
Cambodia
the
costs
here
could
even
be
higher,
stated
a
2010
UNDP
report
Cambodia
Human
Development;
Challenging
the
Climate.
Seeking for a job by Hoem Seiha_Tertiary Education Orientation Hoem Seiha
This document provides tips for seeking a job in Cambodia, including keeping an eye on newspapers, surfing employment websites, contacting people to build your network, visiting companies, contacting employment agencies, checking the yellow pages directory, and providing contact information for several recommended employment agencies in Phnom Penh.
Vtrust quarterly newsletter issue 2 (2nd quarter of 2013)Hoem Seiha
The document discusses several topics related to the Cambodian property market:
1) Satellite cities are seen as a solution to address overcrowding in Phnom Penh. Demand for cheap rental accommodations in the city remains high.
2) Foreign investment is driving demand for high-grade office space in Phnom Penh. Rents for grade B and C offices saw growth over the past year.
3) Land prices increased in the first quarter of 2013, with agricultural land prices rising in the northeast region of the country.
Cambodia's climate challenge news report by Hoem SeihaHoem Seiha
Climate change will hit developing nations
like Cambodia hardest. A coordinated response is
so far lacking, though some possible solutions are
taking shape.
A recent study of Thailand, Vietnam, Indonesia,
and
the
Philippines
concluded
that,
in
the
‘business-as-usual’
scenario,
climate
change-related
economic
losses
could
amount
to
6.7
percent
of
GDP
by
the
next
century.
Given
the
relative
high
vulnerability
of
Cambodia
the
costs
here
could
even
be
higher,
stated
a
2010
UNDP
report
Cambodia
Human
Development;
Challenging
the
Climate.
Economic Overview
The economy of Cambodia is expected to grow by 6.7% in 2013 and 7% in 2014. The forecast is based on the expected increases in agriculture, foreign direct investments in garment sector and a growing tourism industry. Regarding property sector, investments in construction grew by 123% with a total of US$1.94 billion during the first half of 2013, up from US$870 in the same period last year. There have been 571 construction companies in operations in Cambodia. The government approved $2.1 billion of construction projects in 2012, while it was only $1.2 billion in 2011. Experts are optimistic towards real estate market by the coming years, though they agree the stagnancy prior to, in time of, and post-national election.
Vtrust quarterly newsletter 1st quarter of 2013Hoem Seiha
- Urban home prices in Cambodia, especially in cities, are increasing faster than incomes, making future home ownership more difficult.
- VTrust Property announces a new owner-manager cooperation approach for managing serviced apartments and office buildings to reduce costs.
- Demand for condominiums is expected to increase as they may replace apartments in the future, according to experts.
Public Relations is the dynamic process of engaging your company with the public by keeping them being informed about your company’s news, policy, promotion.
Effective public relations campaigns are usually enabled by low cost strategies rather than advertising plans that need a large budget allocation.
Vtrust journal of real estate vol. 1 issue 1Hoem Seiha
Appraisers rely heavily on insightful information about property market, especially land prices. However, there were no previous data that could be most reliable indicators for appraisers to do their jobs. Appraisers use conventional techniques to assess the property especially land values of their clients. These techniques involves the process of land price comparison with the nearby land market, building value inclusion and depreciation. Sometimes, the evaluations could lead to disagreements between the clients and the appraisers themselves due to a lack of available information about land prices to support the evaluation reports.
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.
Ruessei Kaev Housing Market and Outlook Report 2016 PresentationHoem Seiha
This document is a housing market and outlook report for 2016 in Ruessei Kaev district of Phnom Penh, Cambodia authored by Mr. Hoem Seiha of Vtrust Appraisal Co. It summarizes that as of 2016, Ruessei Kaev district had a cumulative housing supply of 12,200 units, with 86% complete. The largest share of units were in Borey Vimean Phnom Penh project. The report also analyzes housing development, prices, and forecasts continued strong growth in the district through the coming decade due to supporting infrastructure.
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 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.
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.
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.
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
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.
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.
Economic Overview
The economy of Cambodia is expected to grow by 6.7% in 2013 and 7% in 2014. The forecast is based on the expected increases in agriculture, foreign direct investments in garment sector and a growing tourism industry. Regarding property sector, investments in construction grew by 123% with a total of US$1.94 billion during the first half of 2013, up from US$870 in the same period last year. There have been 571 construction companies in operations in Cambodia. The government approved $2.1 billion of construction projects in 2012, while it was only $1.2 billion in 2011. Experts are optimistic towards real estate market by the coming years, though they agree the stagnancy prior to, in time of, and post-national election.
Vtrust quarterly newsletter 1st quarter of 2013Hoem Seiha
- Urban home prices in Cambodia, especially in cities, are increasing faster than incomes, making future home ownership more difficult.
- VTrust Property announces a new owner-manager cooperation approach for managing serviced apartments and office buildings to reduce costs.
- Demand for condominiums is expected to increase as they may replace apartments in the future, according to experts.
Public Relations is the dynamic process of engaging your company with the public by keeping them being informed about your company’s news, policy, promotion.
Effective public relations campaigns are usually enabled by low cost strategies rather than advertising plans that need a large budget allocation.
Vtrust journal of real estate vol. 1 issue 1Hoem Seiha
Appraisers rely heavily on insightful information about property market, especially land prices. However, there were no previous data that could be most reliable indicators for appraisers to do their jobs. Appraisers use conventional techniques to assess the property especially land values of their clients. These techniques involves the process of land price comparison with the nearby land market, building value inclusion and depreciation. Sometimes, the evaluations could lead to disagreements between the clients and the appraisers themselves due to a lack of available information about land prices to support the evaluation reports.
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.
Ruessei Kaev Housing Market and Outlook Report 2016 PresentationHoem Seiha
This document is a housing market and outlook report for 2016 in Ruessei Kaev district of Phnom Penh, Cambodia authored by Mr. Hoem Seiha of Vtrust Appraisal Co. It summarizes that as of 2016, Ruessei Kaev district had a cumulative housing supply of 12,200 units, with 86% complete. The largest share of units were in Borey Vimean Phnom Penh project. The report also analyzes housing development, prices, and forecasts continued strong growth in the district through the coming decade due to supporting infrastructure.
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 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.
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.
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.
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
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.
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.
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.
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.
Economy of Cambodia 2009_Tertiary Education Orientation Hoem Seiha
The document summarizes Cambodia's economic conditions from 1995 to the predicted year of 2013. It discusses Cambodia's GDP, GDP per capita, economic growth rates by sector including agriculture, industry and services. The largest sectors are agriculture, garment manufacturing and tourism. Inflation increased in 2008 due to rising food and transportation costs while the riel exchange rate was stable against the US dollar. Approved private investments were highest in garments, hotels and other sectors like agriculture.
Understanding and interpreting the report findingsHoem Seiha
Here is a 150-word paragraph interpreting the given scatter graph:
This scatter graph shows the relationship between the number of study hours and number of sleeping hours for a group of students. There appears to be a strong negative correlation between the two variables. As the number of study hours increases, the number of sleeping hours decreases, and vice versa. Data points are clustered closely around the trend lines, indicating a high degree of correlation. Most students who studied for 2 hours slept for around 10 hours, those who studied for 4 hours slept 9 hours, 6 hours of study correlated with 8 hours of sleep, and so on. The trend lines both have a slope pointing downward to the right, confirming that more time spent studying is associated with less time spent