Logo of Phnom Penh Post newspaper Phnom Penh Post - Sector gives honours for exellence at Cambodia Real Estate Awards 2018



Sector gives honours for exellence at Cambodia Real Estate Awards 2018

Content image - Phnom Penh Post
Award winners show off their trophies at the 2018 Cambodia Real Estate Awards late last week. Photo supplied

Sector gives honours for exellence at Cambodia Real Estate Awards 2018

The Kingdom’s first ever real estate awards took place late last week, with sector leaders saying the event would only serve to aid an already growing industry.

Ten companies were given honours at the Cambodia Real Estate Awards 2018, with CBRE Cambodia being awarded the top prize this year.

Ann Sothida, director of real estate at CBRE, said the program would be a boon for the property sector, making it more robust and comprehensive.

The awards will give consumers more confidence when making choices about which agents or companies to use, she said. “I think that through this program, the real estate industry in Cambodia will become more robust and gain more recognition in the world.”

‘It’s not easy’

The event was organised by Realestate.com.kh, with support from both the Ministry of Economy and Finance and the Association of Cambodian Valuers and Real Estate Agencies (CVEA). Over 200 people attended.

CBRE took home the most awards on the night, winning for excellence as both a property management firm and a commercial agency, as well as clinching the agency choice award.

“It’s not easy to get the awards. They highlight our team’s efforts to maintain and manage quality buildings with over a decade’s experience, ” Sothida said.

Sok Siphana, the head judge at the ceremony, said the annual event will contribute positively to the industry.

“The winners really deserve [the awards] for being superior and setting an example for others,” he said.

Kim Heang, president of the CVEA, said the event was very important in promoting the image and recognising the progress of the real estate industry in the Kingdom.

“We must have more events like this in the future to value and encourage outstanding individuals in Cambodia’s real estate sector,” Heang said.

Thomas O’Sullivan, CEO of Realestate.com said the real estate sector in Cambodia had been very successful in recent years.

“This affair will push the Cambodian real estate industry towards more professionalism and competition.”

MOST VIEWED

  • Phnom Penh unveils rules for post-lockdown transition

    The Phnom Penh Municipal Administration issued a set of detailed guidelines for the seven days to May 12 after the capital emerges from lockdown at the onset of May 6. In the 14-page document signed by municipal governor Khuong Sreng released on the evening of May 5, the

  • SBI LY HOUR Bank Launches Cross Border Money Transfer Service between Cambodia and Vietnam on RippleNet, utilizing DLT

    SBI LY HOUR Bank Plc and Hanoi-based Tien Phong Commercial Joint Stock Bank (TPBank) on Friday launched the first Cambodia-Vietnam money transfer service in real currency via RippleNet, provided by SBI Ripple Asia Co Ltd to provide safe, fast and convenient services. SBI LY HOUR

  • Gov’t issues guidelines as lockdown nears end

    The government has issued a five-page set of instructions to be enforced when the three-week lockdown of Phnom Penh and adjacent Takmao town in Kandal province ends on May 6. According to an announcement signed by Prime Minister Hun Sen on May 4, the instructions cover a

  • Cambodia ready to exit LDC status

    Cambodia is well-prepared to minimise economic risks when it graduates from its Least Developed Countries status, according to a senior official at the Ministry of Commerce on May 7. Four LDCs – Cambodia, Laos, Bangladesh and Nepal – met at a virtual workshop last week to explore potential

  • Nine US franchises eye Cambodia debut

    Nine famous US franchising companies are looking for business opportunities and expansion into Cambodia to build a footstep for a strong foundation in Southeast Asia. The US embassy in Phnom Penh, in partnership with the US Foreign Commercial Service and with support from the American

  • Lost in translation: ‘Starvation’ in capital’s designated red zones

    “DACH bay” is a Khmer slang meaning a “loss of income”, that could also be literally translated to «deprived of rice”, which alludes to starvation. However, civil society organisation (CSO) officials have independently confirmed the government’s prior assertions that there are no cases of