17 awards presented at 2nd Cambodia Property Awards

A total of 17 awards were presented to the nation’s outstanding property developments at the 2nd Cambodia Property Awards hosted on 24 March at Sofitel Phom Penh Phokeethra Hotel attended by some 300 industry guests. 

Among the iconic property developments located in Phnom Penh, Siem Reap and Sihanoukville, last year’s champion Borey Peng Huoth Group, developer of the acclaimed residential project Grand Star Platinum, clinched a further three awards this year including Best Housing Development (Phnom Penh), Best Landscape Architectural Design and the biggest accolade of the year – Best Developer (Cambodia). 

Another big winner was five-time nominee Phnom Penh City Center, which collected a trophy for each one of its nominated projects: The EDGE, a Khmer-inspired retail development with customisable spaces for tenants; Residence 90, a high-end residential development that was noted for its architectural excellence; and The Vanguard, the corporate headquarters of its parent company, with an expected completion date later this year. All three winning projects are located within the integrated Phnom Penh City Center development that aims to become a modern, sustainable, commercial and leisure district in the capital by 2025. 

There was also an award for Special Recognition in Green Development for MTP Invest, developer of Siem Reap-based residential project Phum Barang, a double winner this year for its comfortable living amenities and a natural ventilation system that withstand strong winds, bright sunlight and the monsoon season. 

Mr. Sorn Seap, CEO of Key Real Estate Co., Ltd and head of the independent panel of judges urged developers to embrace sustainable and green building practices. “We all must look into Cambodia’s environmental guidelines, take into account greening initiatives, and push for new technologies that can help reduce environmental destruction. Developers and consumers should think about air circulation and water treatment plants for converting dirty water from their properties before dispatching into the public sewer.”

His Excellency Senior Minister Chea Sophara, Minister of Land Management, Urban Planning and Construction, who was the event’s guest of honour applauded the successes of the Cambodian property sector in his keynote address.

Top country winners in Cambodia will now advance to the two-day Property Guru Asia Property Awards grand finale this November at the Sands Expo and Convention Center in Singapore to compete for more regional accolades and to be crowned \"the best in Asia”. 

Hari V. Krishnan, CEO of PropertyGuru Group, congratulated the developers who participated in the Cambodia Property Awards, asserting that their outstanding projects inspire and shape the future of the Cambodian real estate sector. “...Because of the Awards, consumers are empowered to make confident property decisions, whether they’re first-time buyers, expat renters or serial investors. Property knowledge is essential in our culture at PropertyGuru...”

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