Gareth Johnson
The third annual Cambodian Real Estate Awards (CREA) was held this week at the prestigious Sofitel Phnom Penh, with multiple companies scooping awards across several different categories.
The CREA is generally considered the most prestigious awards ceremony for the real estate sector within the Kingdom and was organized by RealEstate.com.kh in collaboration with the Real Estate & Pawnshop Regulator of Cambodia, The Ministry of Land Management & Urban Planning and the Cambodian Valuers and Estate Agents Association.
Major sponsors included B2B-Cambodia and Panasonic Cambodia, who were showcasing their nanoe™X Technology, as recently reported in Cambodia Investment Review.
To read more about Panasonic’s nanoe™X Technology click here.
2022 Cambodian Real Estate Awards
Over 500 people attended the event in the Grand Ballroom of the Sofitel Hotel, which included not just members of the real estate sector, but also partner industries, many of which had booths at the entrance as well as a large contingent of both international and local media.
Guests were treated to a three-course gala dinner, with the many winners getting a chance to walk the red carpet and collect their awards.
First launched in 2019 the event was suspended in 2020 due to Covid-19 returning last year.
This added extra prominence to this year’s event, with it being the first to happen since Cambodia reopened to international visitors since the start of the pandemic. It also follows hot on the heels of the recent CRBE report, as covered in Cambodia Investment Review that suggested the sector as a whole was set to make a robust recovery.
To read more about CBRE Q1 results click here.
2022 Cambodian Real Estate Awards – who were the winners?
Overall 30 winners across various sectors were presented throughout the evening, all of whom were awarded the iconic trophy, prestigious CREA seal, and gold plaques to proudly display at their offices.
The biggest winners of the evening were Golden Century Cambodia, who received five awards, including Landed Property Developer of the Year for Borey Nadi as well as the Most Viewed Property for GC Orussey.
Coming in second place was Morgan Group, which managed to receive four awards for a number of projects including the recently completed Morgan Tower and Morgan EnMaison.
TK Central, Borey Maha Boeng Trea, Wealth Mansion, Picasso City Garden, MSQM ZTH, and Prince Huan Yu were also major winners in the development and developer categories, while Urban Hub and their development Urban Village Phase Two were awarded the Developer and Development of the Year respectively.
When it came to the agency of the year award the honors were shared by IPS Cambodia, CBRE, Knight Frank, and Century 21 Advanced Property, with Pointer Property being selected as the Employer of choice.
Overall the night was seen as a great success with event organizer Tom O’Sullivan of RealEstate.com.kh telling Cambodia Investment Review: “It was an honor to host such a successful event while bringing together all of the leaders in property together in one place to celebrate the leading agencies and property developers.
“We are very grateful to our core partners including the real estate regulator, the ministry of land, and the CVEA for helping make all of this possible. We are very proud to do our part in helping to build trust in the Cambodian real estate market – both locally and to the world,” he added.
