{"id":659,"date":"2016-01-04T09:43:10","date_gmt":"2016-01-04T02:43:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/theres-a-new-frontier-of-cambodian-real-estate-for-2016\/"},"modified":"2016-01-04T10:41:39","modified_gmt":"2016-01-04T03:41:39","slug":"theres-a-new-frontier-of-cambodian-real-estate-for-2016","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/theres-a-new-frontier-of-cambodian-real-estate-for-2016\/","title":{"rendered":"There\u2019s a new frontier of Cambodian real estate for 2016"},"content":{"rendered":"


\nAnd it\u2019s calling on international investors
\nThe Royal Sands in Koh Rong, via Facebook
\nCambodia\u2019s real estate market has been given an overhaul over the last few years in a bid to become more attractive to foreign and local investors. While most of the attention has been paid to Phnom Penh, the country\u2019s coastal area is newly emerging as a hotbed of property development.
\nThe province of Preah Sihanouk and the shoreline of Sihanoukville and Cambodia\u2019s largest island, Koh Rong, are destined for a number of exciting projects this 2016\u00a0and are expected to bring in a new flush of overseas and local investors to the area, the\u00a0Khmer Times\u00a0reported.
\nMore: Cambodia residential market aims for a banner year in 2016
\nA luxury villa residential and hotel project, The Royal Sands recently broke ground on the shore of Sok San Beach, which is widely regarded by visitors as the most beautiful beach in Koh Rong.
\nDeveloped by the Royal Group in a joint venture with Luzi Matzig, chairman of Thai-based firm Asian Trails Group, the first phase of Royal Sands will cost USD40 million, according to the\u00a0Phnom Penh Post.
\nKoh Rong is already relatively popular with tourists visiting Cambodia \u2013 January to September of 2015 saw 47,000 tourist arrivals, per the Cambodian Tourism Ministry. It is hoped that this new luxury development, which includes a 148-room five-star hotel, will attract tourists who will then return to the mainland and the popular destinations of Angkor Wat and Phnom Penh.
\n\u201c(The visitors) will not have to go to Vietnam and Thailand for their beach holiday,\u201d\u00a0hopes Matzig.
\nBack on the mainland, the shoreline of Sihanoukville is also proving a hotbed of new residential development, including the luxury condominiums D\u2019Seaview and Sunshine Bay on Sokha and Independence beaches, respectively.
\nMore: Sihanoukville bets on popularity with Chinese gamblers
\nAccording to\u00a0Singapore Business\u00a0Review,\u00a0more development is anticipated in the area as Singaporean developer HLH Group recently announced the acquisition of\u00a0a 30 percent interest in two sizeable land plots in Preah Sihanouk for USD2.8 million.
\nThe very limited amount of luxury development in the area at the moment ensures that oversupply will not be an issue, assures Chrek Soknim, CEO of Century 21 VTRUST. He attributes the area\u2019s rise due to the increase in tourists and improvements to infrastructure.
\n\u201cWith a growing number of tourists visiting coastal areas, I don\u2019t think sales of villas, residences or condo there will be a problem,\u201d he concluded.
\nWatch for our in-depth report on Cambodia\u2019s new frontiers in Property Report magazine\u2019s February-March 2016 edition
\n
\nSource : property-report.com
\nRead more…There\u2019s a new frontier of Cambodian real estate for 2016<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

And it\u2019s calling on international investors The Royal Sands in Koh Rong, via Facebook Cambodia\u2019s...<\/p>\n","protected":false},"author":1,"featured_media":660,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/royal-sands-koh-rong-1024x614.jpg?fit=1024%2C614&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-aD","jetpack-related-posts":[{"id":18830,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-property-developers-should-keep-a-beady-eye-on-cambodias-southern-coast\/","url_meta":{"origin":659,"position":0},"title":"Why property developers should keep a beady eye on Cambodia\u2019s southern coast","date":"July 6, 2016","format":false,"excerpt":"\r Cambodia\u2019s southern coast is finally getting some overdue attention Sihanoukville\u2019s beaches have long been a draw for tourists. Image credit: Damian @ Flickr Long overlooked for the historical beauty of Siem Reap and the bustle of Phnom Penh, the province of Sihanoukville has been earmarked for more foreign investments.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132598,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sea-to-summit-where-can-foreign-investors-invest-in-cambodia\/","url_meta":{"origin":659,"position":1},"title":"Sea to summit: where can foreign investors invest in Cambodia?","date":"March 19, 2019","format":false,"excerpt":"\r Wedged between the South China Sea and the economic dynamos of Thailand and Vietnam, Cambodia is jockeying to become a major player among emerging Asian markets. Like Laos to its north, the kingdom has in recent years trebled an influx of property investments from China\u2019s globe-trekking Belt and Road\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3443,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/could-cambodias-southern-coast-be-asias-next-resort-hot-spot\/","url_meta":{"origin":659,"position":2},"title":"Could Cambodia\u2019s southern coast be Asia\u2019s next resort hot spot?","date":"February 2, 2016","format":false,"excerpt":"\r While the property market in Phnom Penh remains robust, the country\u2019s\u00a0oft-overlooked coast is carving out\u00a0its own reputation Sihanoukville is broadening its appeal with luxury condos and sumptuous island retreats In Cambodia, all roads have traditionally led to Phnom Penh \u2013 at least from a real estate speculation perspective. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/02\/Sihanoukville-is-broadening-its-appeal-with-luxury-condos-and-sumptuous-island-retreats.png?fit=740%2C492&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":22518,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/for-singaporean-investors-theres-no-place-like-cambodia\/","url_meta":{"origin":659,"position":3},"title":"For Singaporean investors, there\u2019s no place like Cambodia","date":"August 10, 2016","format":false,"excerpt":"\r With a foreign investment regime more open than many ASEAN nations, Cambodia has become the place to be for Singaporean investors With its open, liberal FDI policies, Cambodia is luring Singaporean investors. Image credit: Dmitry A. Mottl (Wikimedia Commons) Cambodia has become the fulcrum of attention for Singaporeans in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10114,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-phnom-penh-is-asias-next-top-city-for-real-estate\/","url_meta":{"origin":659,"position":4},"title":"Why Phnom Penh is Asia\u2019s next top city for real estate","date":"April 7, 2016","format":false,"excerpt":"\r Solid economic growth and strong foreign investor demand are helping to drive Cambodia\u2019s condo boom, but some worry it could lead to a glut Cambodia\u2019s real estate market is heating up, especially in its capital Phnom Penh, with foreign developers from China, Singapore, Taiwan and Korea looking to expand\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107433,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cushman-amp-wakefield-appoints-koh-as-international-project-marketing-head-for-uk-residential\/","url_meta":{"origin":659,"position":5},"title":"Cushman &amp; Wakefield appoints Koh as international project marketing head for UK residential","date":"May 24, 2019","format":false,"excerpt":"\r The appointment will see him leading a new in-house team that specialises in the sale of new-build residential developments across London and the UK. 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