Realestate.com.kh, CVEA announce inaugural Cambodia Real Estate Awards 2018 to professionalize Cambodia’s real estate industry

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The Cambodian real estate industry has been growing rapidly in recent years. The high number of real estate projects completed, underway, or in the pipeline are testament to the growth and potential of the industry. Meanwhile, the entrance of International real estate agency franchises and brands marks a sector that is coming of age and opportunity. Within this growing industry there exists individuals and companies that have contributed greatly to this growth, and in establishing a real estate industry in pursuit of service, ethics and success.

Leading the industry to reward top performers for their efforts and professionalism, Realestate.com.kh, and the Cambodia Valuers and Estate Agents Association (CVEA)​ supported by the Ministry of Economy and Finance (MEF), have organized the inaugural Cambodia Real Estate Awards (CREA) 2018; an awards series that will recognize leading agentsagencies, and celebrate the finest real estate practices and professionals nationwide.

There is no cost associated with entering or winning awards at the CREA and winners will be judged and awarded through a panel of respected industry professionals, in combination with public opinion obtained through online voting mechanisms. Realestate.com.kh​ and CVEA, as the event organisers, will remain wholly independent and separate from the judging process. CREA follows a globally proven model that awards excellence across the industry in a transparent, objective and ultimately fair way.

The judging process will be monitored with diligence by established accounting and auditing firm Cambodian Investment Management (CIM) to ensure the awards are free from any bias.

Finalists and Awards winners will be granted the prestigious CREA seal which can be used in their marketing materials, along with a trophy and a certificate confirming their personal or company achievement.

The mission of the CREA is to recognize the achievements of the Cambodian real estate industry objectively, without bias or undue influence and on a wholly inclusive basis, which allows all firms and individuals to participate regardless of the size or wealth of their operation. The awards will be available for real estate agencies, valuation and property management firms and project sales teams, nationwide. The awards will only be open to firms who have the correct licenses with the MEF and must be registered member of CVEA.

Mr. Tom O’Sullivan, CEO of Realestate.com.kh, organizer of the CREA, notes that, “This is Realestate.com.kh’s chance to give back to the real estate industry, offering the opportunity for all businesses in the industry to celebrate the achievements that have been made. We are delighted to launch the Cambodia Real Estate Awards 2018, with support from the Ministry of Economy and Finance; and we sincerely hope that this awards series will lead to a new era or professionalism, competition and excellence for the Cambodian real estate industry as a whole.”

His Excellency Mey Vann, Delegate of the Royal Government of Cambodia in charge as Director General of the General Department of Financial Industry, Ministry of Economy and Finance comments that, “The CREA, led by Realestate.com.kh and CVEA, is an event to reward those agents and agencies that are running legitimate operations in Cambodia – and pushing themselves to build stronger and better real estate businesses. It is with pride that the MEF joins Realestate.com.kh and CVEA in this endeavour.”

Shortlisted nominees and the broader real estate industry will be invited to join an Awards Ceremony and Gala Dinner celebrating the industry’s milestones, which will be held at Sofitel Hotel Phnom Penh on June 27, 2018. Ticket sales and sponsorship for this prestigious event are now open!

We would like to thank our platinum sponsor Aristo Developers who is one of the most dynamic and credible Cyprus property developer companies, providing a unique opportunity for investors focused on Citizenship via investment for the EU.

We would also like to thank our Silver sponsor Propease, your one stop property management app, as well as Camhomes and bronze sponsor Creed-Group.

Thanks to CTNBiz KhmerThmey ThmeyFresh NewsKhmer TimesKICPAA and all the media for making this event possible.

Nominations open from today, March 26, and will be closed on 26 May 2018. Anyone associated with the real estate industry can be nominated for the Awards, and nominations are totally free. However, all nominated companies and individuals must have relevant licenses for their business operations, as verified by the MEF.

A distinguished panel of judges will assemble to analyse the entry submissions, under the head judge, Dr Sok Siphana. Dr Sok is the Managing Partner at SokSiphan​a&associates (a member of ZICO Law), a corporate law firm in Phnom Penh, and an Advisor to the Royal Government of Cambodia.​ Other judges include Mr Steven Path, Founder and CEO of leading-software firm Pathmazing;  Co-founder and CTO of tech (virtual reality) startup in Silicon Valley, USA to disrupt real estate market in California; President of ICT Federation of Cambodia; Dr Simon Vancliff, Investment and Development Director at ING Holdings Co., Ltd; MRICS Registered Valuer; Vice-Chairman of the EuroCham Cambodia Real Estate and Construction Committee; Mr Teng Rithy, Founder and Director at R’ Investment Group and Mr Anthony Galliano, Group Chairman, Cambodian Investment Management (CIM). Renowned accounting and auditing firm, Cambodia Investment Management (CIM), will oversee the entire judging process of CREA 2018 to ensure it is conducted objectively and with utmost integrity from start to finish.

Dr Sok Siphana comments that, “I am proud to be the inaugural CREA’s head judge. As the values of this event suggest, we will manage the judging process with the utmost respect to the nominees and greater industry. The judging panel will be impartial, thorough and reward those agents, agencies and sales teams that are truly most deserving. I look forward to this year’s event, and the years that will follow for this prestigious event. I thank Realestate.com.kh for this great opportunity.”

Uniquely, the CREA will also integrate an online public voting process, allowing the general public to offer their opinion on which agents and agencies are most deserving of awards. These public votes will be weighted by the judges, as depending on the Awards category. Voting will be hosted on cambodiarealestateawards.com and Realestate.com.kh’s social media channels.

Award Categories:

The 30 awards are divided into two categories: Agency Based Awards and Individual Awards.

Agency Based Awards are: Real Estate Agency of the Year; Best Up and Coming Agency of the Year (Rising Tiger Award); Regional Agency Award; Valuation Company of the Year; Property Management Agency of the Year; Commercial Agency of the Year; People’s Choice Award; and Employer of Choice Award. Individual Awards are: Service to the Industry Award (Hall of Famer), Rookie Agent Award (The Rising Tiger) and the Agent of the Year Awards, which is divided into 6 categories: Sales Agent of the Year; Rental Agent of the Year; Commercial Agent of the Year; Valuation Agent of the Year; and Property Manager of the Year. One visionary individual will also be awarded the “Hall of Famer” award and inducted into the CREA hall of fame, for overall service to the Cambodian real estate industry.

For finalists and award winners, the Cambodia Real Estate Awards prestigious seal will be granted to be used in their marketing materials throughout 2018, along with a trophy and certificate confirming their achievement.

For more information, please visit the event website: cambodiarealestateawards.com

About Realestate.com.kh:

Established in 2009 by Cambodian National Moek Chenda, Realestate.com.kh has grown to be the leading real estate website and marketing company in Cambodia, working with the nation’s leading real estate agencies, developers and lenders. In 2015, Australian-based DCG partnered with Moek to develop the business rapidly. The platform, in Khmer, English and Chinese languages, has over 40,000 properties for sale and rent, with tens of thousands of property hunters visiting the website and app each month. Realestate.com.kh also produces a quarterly real estate magazine entitled “Cambodia Real Estate” in English and Chinese languages, and co-produce a weekly property section with the Khmer Times newspaper. Realestate.com.kh also hosts the “Cambodia Real Estate Show” series, which has facilitated over USD 30 million in direct sales in 2017 alone.