Cambodia Investment Review
Organisers of the PropertyGuru Asia Property Awards have announced the recipients of this year’s PropertyGuru Cambodia Property Awards, marking the gala event’s triumphant 2022 edition.
Supported by Panasonic Cambodia, CBRE Cambodia, and Jotun (Cambodia) the 7th Annual PropertyGuru Cambodia Property Awards celebrated the best of Cambodian real estate in a black-tie dinner and ceremony held at the Sofitel Phnom Penh Phokeethra ballroom.
A total of 36 categories were presented during the festivities.
Prince Real Estate Group won the top award of the year, Best Developer, as well as the title for Best Mixed Use Developer, bolstered by its Best Mixed Use Development win for Prince International Plaza.
Another project, One Tropica, earned the Best Housing Masterplan Design award. Kambujaya Development was named Best Breakthrough Developer award, won multiple awards for its project Kambujaya Residences.
Angkor Palace Development winner of the Best Boutique Developer title, also gained various accolades for its projects Angkor Palace Resort & Spa and Palace Greenpoint.
The Best Industrial Developer title was awarded to C.I.A.C Investment Limited, which also received the Special Recognition in Sustainable Design and Construction.
Orkide Villa 3 was named Best Lifestyle Developer, buoyed by multiple wins for The Botanic City, which includes The Botanic City (The Palace), winner of the coveted Best Housing Development (Cambodia) award.
The sought-after Best Condo Development (Cambodia) award went to Vue Aston by The Peninsula Capital which also won the Best Waterfront Condo Development title.
Other winning projects this year were:
- Bar Menaka by Sivilai Hospitality
- Borey Lorn City Lotussea by 5LH Lorn City Development
- Borey Ty Leang Dangkor Green Park by TL (Cambodia) Property Development
- KY iCenter by KY Development
- Singbuild by Singbuild Construction
- TheCommune by Gold Wings Venture
- The Royal Condominium by Orkide Villa 2
- The Waterfront Community Mall by Blissful Capital
Highest levels of achievement of the real estate industry
Charles Vann, executive vice-president of Canadia Group (whose subsidiaries include the Overseas Cambodian Investment Corporation) and director of Cambodia Airport Investment accepted the golden statuette for Cambodia Real Estate Personality of the Year award.
Th award was presented to him by the editors of PropertyGuru Property Report Magazine for his transformative contributions to the Cambodian infrastructure and property sector.
He has been instrumental in the development of the Techo International Airport as well as Koh Pich Satellite City, among many other infrastructure and real estate projects.
“It is an incredible moment, not just for me, but for the entire team of Canadia Group and OCIC to be recognised by PropertyGuru as the 2022 Cambodia Real Estate Personality of the Year,” Vann said.
“Being recognised with a PropertyGuru Asia Property Awards is the ultimate honour in regional real estate with both national and regional recognition. Thank you for honouring, recognising, and celebrating the highest levels of achievement of the real estate industry in all facets,” he added.
To read more about Cambodia’s real-estate market trends in 2022 click here.
Hari V Krishnan, chief executive officer and managing director of PropertyGuru Group, heralded all the awardees with a statement: “I warmly congratulate the winning property developers whose projects have shone a light on Cambodian real estate excellence this year.
“From stunning boreys to luxurious waterfront condominiums, the winning developments of the PropertyGuru Cambodia Property Awards illuminate the nation’s economic growth and prosperity,” Hari added.
Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “We celebrate all the Winners and Highly Commended developers who have set shining examples of the Gold Standard of real estate in Cambodia.
“It’s exciting to return to a kingdom bustling with well-designed, high-quality real estate developments, from opulent riverside projects in Phnom Penh to outstanding landed homes in Sihanoukville. Cambodia is truly making an impact in Asia with these award-winning innovations and developers’ willingness to meet the aspirations of property seekers both at home and abroad,” Jules added.
Fairness, transparency, and credibility of the selection process
This year’s list of awardees was selected by an independent panel of judges, comprising some of the country’s top real estate experts and thought leaders, including:
- Sorn Seap, chairperson of the Awards in Cambodia and executive vice-president of the Cambodian Valuers and Estate Agents Association
- Jenny Chea Sok You, architect and managing director CMED Construction;
- Jovany Antonio, managing director DA&G Asset Management
- Kinkesa Kim, associate director, CBRE Cambodia, Research & Consulting Services
- Lim Veasna, partner & attorney-at-law, commercial arbitrator and mark agent, Vinaya Law Firm
- Michael Freeman, operations leader – Asia, Cova Group
- Michel Cassagnes, managing director, Archetype Cambodia
- Simon Griffiths, managing director, The Mall Company
- Dr. Simon Vancliff, CEO, WB Sport Village
- Thida Ann, managing director, ProPnex Cambodia
HLB, the global network of independent advisory and accounting firms, upheld the fairness, transparency, and credibility of the selection process under the leadership of Paul Ashburn and his team at HLB International Real Estate Group.
He was joined by Rossathon Charoenpakdee, senior consultant for business services and outsourcing, and Alexander Jackomos, consultant for business services and outsourcing.
The Awards in Cambodia kickstart the 2022 PropertyGuru Asia Property Awards series of celebrations, which culminates with the 17th PropertyGuru Asia Property Awards Grand Final on 9 December.
Main winners of the Awards in Cambodia will be eligible to vie for Best in Asia titles at the series finale in Bangkok, Thailand.
Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 7th PropertyGuru Cambodia Property Awards 2022 programme is supported by gold sponsors Panasonic Cambodia and CBRE Cambodia and the silver sponsor Jotun (Cambodia).