The 8th PropertyGuru Cambodia Property Awards seek the Gold Standard of real estate amid recovering domestic market

Local property seekers in Cambodia power the demand for spacious homes

PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, today launched the 2023 edition of the PropertyGuru Cambodia Property Awards, beginning the search anew for the kingdom’s finest property developers, design practices, and projects: the Gold Standard of real estate.

The launch of the 8th PropertyGuru Cambodia Property Awards 2023 comes as residential property demand shifts from overseas to local buyers with high purchasing power.

Sorn Seap, chairperson of the independent panel of judges of the Awards in Cambodia, and president of the Cambodian Valuers and Estate Agents Association (CVEA), said: “The market is now heavily dependent on local demand so matching the development of new projects to the needs of local buyers is a wise decision. Not only is there a strong residential demand by local buyers, but they also prefer owning homes in boreys since they still desire landed property with gardens, easy parking lots, and high privacy.”

More: When the chips are down in Cambodia

Sorn Seap today joined senior representatives of the PropertyGuru Asia Property Awards as well as the programme’s official supervisor and award recipients in a roundtable with the media at Topaz Restaurant Norodom in the Cambodian capital.

The 8th PropertyGuru Cambodia Property Awards, supported by CBRE Cambodia, will have its annual black-tie gala dinner and ceremony on Friday, 18 August 2023 at the Sofitel Phnom Penh Phokeethra, attended by senior leaders who are shaping the industry.

Key dates for the 2023 edition:

• 12 May 2023 – Entries Close
• 29 May – 16 June 2023 – Site Inspections
• 20 June 2023 – Final Judging
• 18 August 2023 – Gala Dinner and Awards Ceremony in Phnom Penh, Cambodia
• 8 December 2023 – Regional Grand Final Gala Presentation in Bangkok, Thailand

Nominations and entries are being accepted here: asiapropertyawards.com/nominations

Eligible entries are rigorously selected by the independent panel of judges, comprising experts in diverse fields such as real estate consultancy, architecture and interior design, and sustainable development.

Supervised by HLB, the global network of independent advisory and accounting firms, the awards programme makes full use of a professionally run and fully transparent judging system, with an established reputation for fairness and transparency.

Distinguished companies in Cambodia

Prince Real Estate Group won the sought-after Best Developer award as well as the title for Best Mixed Use Developer at the 7th PropertyGuru Cambodia Property Awards 2022. The developer also clinched the honour of Best Mixed Use Development for Prince International Plaza and the Best Housing Masterplan Design award for One Tropica.

Cambodia was well represented last year, garnering regional titles at the 17th PropertyGuru Asia Property Awards Grand Final, with wins for Kambujaya Development Co., Ltd, which received the Best Breakthrough Developer (Asia) award, and Vue Aston by The Peninsula Capital Co., Ltd., named Best Waterfront Condo Development (Asia).

As part of the PropertyGuru Asia Property Awards series, main country winners of the PropertyGuru Cambodia Property Awards this year qualify to compete for regional honours at the 18th PropertyGuru Asia Property Awards Grand Final 2023 on 8 December in Bangkok, Thailand.

More: Winners of the 7th PropertyGuru Cambodia Property Awards 2022 represent the leading lights of real estate

Sorn Seap said: “The PropertyGuru Cambodia Property Awards have been a significant contributor to the country’s real estate sector. Through this international platform, more and more projects are becoming competitive in terms of architectural design, construction quality, and technology. Winning awards from the PropertyGuru Cambodia Property Awards will increase developers’ reputation and buyer confidence, provide them more credibility, and give them the chance to showcase their accomplishments and innovations not only in Cambodia but also the rest of Southeast Asia.”

Established in 2005, the PropertyGuru Asia Property Awards continue to reward high-calibre work within the industry, encompassing property development, construction, architecture, interior design, and sustainable building practices. The series has expanded over the years to cover the region’s dynamic property markets, including Australia, the Chinese markets, Greater Niseko in Japan, and India.

The 8th PropertyGuru Cambodia Property Awards are supported by gold sponsor CBRE Cambodia; official magazine Property Report by PropertyGuru; official publicity partner Two Way PR; and official supervisor HLB.

For more information, email [email protected] or visit the official website: AsiaPropertyAwards.com.