HIGHLY ANTICIPATED INDUSTRY EVENT OF THE KHMER REAL ESTATE CALENDAR TO BE HELD AT RENOWNED SOFITEL PHNOM PENH PHOKEETRA
PHNOM PENH, Cambodia — 23 February 2022
Domestic consumer sentiment is on the rebound, driving real estate activity in Cambodia as the kingdom approaches recovery and vaccination rates soar across the land, according to analysts.
The good news comes as the annual PropertyGuru Cambodia Property Awards programme makes its highly anticipated return as an in-person, safely conducted, exclusive black-tie gala dinner and ceremony at the Sofitel Phnom Penh Phokeethra on Friday, 26 August.
Interest in real estate last year skewed heavily towards locals looking for quick sales and lucrative profits in the wake of the pandemic, analysts tell PropertyGuru Property Report, the official magazine of the Awards. As a result, the Cambodian market is poised to grow more maturely and sustainably, with developers lowering price points to a more affordable range and offering more customisable options in design and amenities, following Khmer tastes.
“Locals are making up a much bigger portion of buyers at the moment,” Kim Kinkesa, senior research manager for CBRE Cambodia and an esteemed member of the PropertyGuru Cambodia Property Awards’ independent judging panel, told the magazine. “What we are seeing is some of the condos that were originally for Chinese are now being redesigned or changing the condition of the handover to attract more local buyers.”
Such optimistic sentiment has emboldened organisers of the PropertyGuru Cambodia Property Awards to seek the finest, most resilient developers and projects in the kingdom for the programme’s 2022 edition.
Key dates for the 2022 edition are:
1 January 2022 – Entries Open
8 July 2022 – Entries Close
25 July-4 August 2022 – Site Inspections
5 August 2022 – Final Judging
26 August 2022 – Gala Dinner and Awards Ceremony in Phnom Penh
9 December 2022 – Regional Grand Final Gala Event in Bangkok, Thailand
Nominations from the public and official entries from eligible companies and projects are currently being accepted here: AsiaPropertyAwards.com/nominations
Open categories include accolades for the best Developer, Development, and Design, along with Special Recognitions. This year, developers can compete in the all-new Best Coastal Residential Development category, shortlisting the finest condominiums, apartments, houses, and villas in the dynamic areas of Sihanoukville and Kampot.
The 7th PropertyGuru Cambodia Property Awards gala night will be held in accordance with health and safety protocols, including vaccination card checks, QR scans, temperature screens, hand sanitation access, safe distancing, and regular disinfection. The event will be livestreamed simultaneously on AsiaPropertyAwards.com/tv-podcast and the official channels on Facebook, LinkedIn, and YouTube.
Recipients of the 7th PropertyGuru Cambodia Property Awards will be eligible to compete for the “Best in Asia” honours at the 17th PropertyGuru Asia Property Awards Grand Final to be hosted in Bangkok, Thailand on 9 December. Finalists will follow in the successful footsteps of Urbanland, which won last year the coveted title of Best Developer at the 6th PropertyGuru Cambodia Property Awards and represented the country in four categories at the 16th PropertyGuru Asia Property Awards Grand Final.
Sithen Kem, sales director of Urbanland, said: “We’re honoured to have won seven awards for our first landed home development, Chankiri Palm Creek, including Best Developer from the PropertyGuru Asia Property Awards. Our vision is to transform the way people live in Cambodia, one place, one community at a time and we are committed and motivated to continue raising the bar when it comes to exceptional quality, durability, and craftsmanship in our developments.”
Representatives of Urbanland attended the media roundtable officially launching the 2022 edition of the Awards in Cambodia on 23 February at the Phokeethra Sky Room of Sofitel Phnom Penh Phokeethra.
Speaking on behalf of the independent judging panel, Sorn Seap, executive vice-president for the Cambodian Valuers and Estate Agents Association (CVEA) and returning chairperson of the Cambodia Property Awards, shared a market update on the local real estate market, as well as a look into the timeline and categories of the awards season.
Paul Ashburn of HLB Real Estate Group, the Official Supervisor of the Awards, also joined via video message from Bangkok to present on the credibility, fairness, and transparency of the judging process. Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, lent his support to organisers of the media roundtable.
Exclusive awards reception
Following the media roundtable, recipients of the 6th PropertyGuru Cambodia Property Awards 2021 safely gathered on the same day at the exclusive reception for awardees at the renowned Sofitel Phnom Penh Phokeethra in the city’s old quarters.
Last year’s edition of the PropertyGuru Cambodia Property Awards marked the programme’s first virtual gala event, broadcast on AsiaPropertyAwards.com and multiple digital platforms, with highlights that aired on the History Channel. The country’s finest, most resilient developers and projects received prestigious titles across 19 categories, including the Cambodia Real Estate Personality of the Year award. It was presented to Catherine Chan, director of Goldfame Group and founder and executive director of Urban Village & Factory Phnom Penh—the first female recipient of the title.
In 2021, the PropertyGuru Asia Property Awards online gala series, which included the Awards in Cambodia last November, was viewed more than 437,000 times in just two months, reaching viewers and property investors worldwide.
Organised by PropertyGuru Group, the 7th PropertyGuru Cambodia Property Awards 2022 is supported by the industry’s leading brands, including official magazine PropertyGuru Property Report; official PR partner Two Way PR; and official supervisor HLB.
NOTE: Use of the PropertyGuru Cambodia Property Awards logo is limited to the publication of this article only.
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PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair and transparent.
In 2022, the Awards series is open to more than a dozen key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2022.
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