Over $20 Million of property sold at the Cambodia Real Estate Show 2
- 12 October, 2017
- Posted by: Realestate.com.kh (Online Real Estate Co. Ltd.)
The Cambodia Real Estate Show 2, organised by realestate.com.kh, welcomed over 4,000 local and international visitors and investors through the Grand Ballroom doors of NagaWorld Hotel last Friday & Saturday the 6th and 7th of October.
The second Cambodia real estate show finished on Saturday evening with a successful result for both developers and real estate buyers. Many local and international developers sold property during the two days, with an end result of 133 units sold and booked, and over 20 million USD spent.
The show was made possible by sponsors VDB Loi, Homeloan.com.kh, Harvey Law Group and South
East Property Services Cambodia (SEAPS) - and of course the event organiser, realestate.com.kh.
Leading the sales results was Prince Real Estate Group who sold 38 units of their Prince Modern Plaza
and Central Plaza condo developments; followed by Naki Group selling 6 units and booking 32 in their
various borey projects. Renowned local developer Orkide Villa also sold 14 units of their developments
underway in the heart of Phnom Penh; Creed Group and Star 5 Developers sold 7 units, and 5 units of
property respectively; and other developers such as Blue Bay, City Park, and Star City also converted
several sales during the show.
The event attracted a multinational spread of attendees - with approximately 40% Chinese, 40% Khmer,
and 20% mixed international guests. Free seminars on topics such as property law, tax and investment
advice were also available in Khmer, English and Chinese.
One attendee of the show, who had travelled from Hong Kong, said, "I heard about it [the show] on the
internet. It was really good. What I have seen here was so much better than anything in Cambodia before,
I have been to other exhibitions before but none were as comprehensive."
Developers at the show also booked site visits, showroom tours, and gained hundreds of serious leads to
follow up in the coming weeks. Prize draws over the two days saw buyers rewarded with three winning
air conditioning units from Hitachi, and ten buyers winning a holiday getaway for two to Vkirirom
Ms. Kelly, Deputy Sales & Marketing Director at Creed Group, stated that, “the show gathered a large
number of potential buyers, there were even more developers, and the show was bigger than before.” She
also commented that the venue, NagaWorld, was strategically located. Creed Group’s 7 unit sales were
across two of their three projects; namely Bodaiju Residences and Arata Garden Residences.
Mr. Tony Yu, Marketing Manager at Orkide Villa, had a similar impression of the show: “We were very
satisfied to be a part of the second Cambodia Real Estate show which enabled us to achieve direct sales.”
Mr Yu also believes that the show benefited both developers and buyers, and encourages local developers
to get on board for the next show- as Orkide Villa will certainly join again.
Prince Real Estate Group, who achieved 38 unit sales over the two days as confirmed by their sales
manager, now has their Prince Modern Plaza development mostly booked following the show - and were
pleased with their result of leading the sales board at the end of the event.
Blue Bay’s sales representative at the show commented of the quality of the attendees at the show, stating
“We aimed to show our project to the buyers [and] this real estate show was an excellent way to attract
more buyers for our project. The visitors we had were quality buyers. Our two buyers were both
Reflecting on the show, Mr. Tom O’Sullivan, CEO of realestate.com.kh - the show organiser, said that,
“When investors from throughout the region arrived in Phnom Penh for our real estate show, they were
able to feel, smell and touch Cambodia; they saw the drastic changes happening here in terms of
construction and real estate development”.
He continued that he was pleased with the fact that attendees have come to understand the infrastructural
improvements that are presently happening which is transforming Cambodia into a ‘prime economic hub’
for investors. Mr O’Sullivan believes that this insight is what gave so many the confidence to invest in
property at the show, and going forward, in Cambodia.
Official Media Partners for the event were The Khmer Times; AEC News Today; Jian Hua Daily; Gold
Zone Media; Grep Tech; B2B Cambodia; Angkor Today; The British Chamber of Commerce; The
American Chamber of Commerce; The European Chamber of Commerce: Property Report; CVEA; CCA;
Kampuchea Thmey; Cambonomist; Thmey Thmey; E-Link; Biz Khmer; Business Cambodia; Tranio
International Property; BTV & the Sin Chew Daily.