Phnom Penh, March 14, 2024: The 2024 PropertyGuru Cambodia Property Awards is now inviting entries for the grandest celebration of the kingdom’s finest real estate.

The 9th Annual PropertyGuru Cambodia Property Awards, supported by CBRE Cambodia, will be celebrated Friday, 26 July 2024 at Sofitel Phnom Penh Phokeethra. Submissions from the industry and the public are now accepted via asiapropertyawards.com/nominations until 31 May 2024.

The “Connect with Southeast Asia” event today at the Fairfield by Marriott in Phnom Penh revealed the latest details in the lead-up to the highly anticipated gala celebration.

Key dates for the 2024 edition:

31 May 2024 – Entries close

10-28 June 2024 – Site Inspections

1 July 2024 – Final Judging

26 July 2024 – Gala Dinner and Awards Ceremony in Phnom Penh, Cambodia

13 December 2024 – Regional Grand Final Gala Presentation in Bangkok, Thailand

A beacon of growth

Cambodia is poised for economic growth in 2024, buoyed by a resurgence in tourism and government initiatives seen to boost the property sector, according to Property Report by PropertyGuru, the official magazine of the Awards.

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: "We welcome projects and developers to the latest edition of the Cambodia Property Awards as the kingdom emerges as a beacon of growth amid global economic challenges. Despite external market shifts and evolving local dynamics, the Cambodian real estate industry has shown impressive resilience, supported by foreign investments and a strategic shift towards affordability.

Mr. Jules Kay, the organiser of PropertyGuru Cambodia Property Awards, giving his speech about ‘Gold Standard’ in the region’s real estate.

The Cambodia Property Awards will once again showcase the positives that make the country a vibrant market that embraces innovation.”

In light of these opportunities, the PropertyGuru Cambodia Property Awards will not only recognise the achievements of developers in Phnom Penh but also those in the country’s world-famous tourist destinations and investment hubs such as Siem Reap and Sihanoukville.

The awards this year will closely follow the progression of the property sector alongside categories that recognise developers across various specialisations. The categories include the new ESG awards, recognising companies for achievements in sustainable design, sustainable construction, energy efficiency, and social impact.

Furthermore, the categories will evaluate a wide array of developments, ranging from sales galleries to townships, across various aspects such as investment appeal and integration with natural surroundings.

The best real estate to shine bright

The PropertyGuru Cambodia Property Awards feature an independent panel of judges, comprising experts from diverse segments of the property sector. This panel ensures a fair, transparent judging process, culminating in the selection of shortlisted nominees and eventual winners.

Winners have the opportunity to compete at the PropertyGuru Asia Property Awards Grand Final, where they can vie for regional accolades against their peers from across the Asia-Pacific region.

HLB, a global network of independent advisory and accounting firms, supervises the entire selection process, under the leadership of Paul Ashburn of HLB International Real Estate Group.

Sorn Seap, chairperson of the independent panel of judges and president of the Cambodian Valuers and Estate Agents Association (CVEA). said: “Cambodia’s best real estate is set to shine bright this year at the 9th edition of our Awards as the property sector repositions itself and adapts to challenges. With demand shifting to the domestic market, property seekers in Cambodia are now presented with abundant, incredible choices of built spaces in terms of location, price, and returns on investment. We’re excited to reward the developers and design practices responsible for Cambodia’s outstanding properties with the highest marks of excellence, showcasing their achievements to the rest of Asia.”

Mr. Sorn Seap, President of the Cambodian Valuers and Estate Agents Association (CVEA) and Chairperson of the independent judging panel speaks at the launch event.

Joining Mr. Sorn, Mr. Kay, and Mr. Ashburn at the launch event in Phnom Penh was Thierry Tea, vice-president of OCIC Group, the winner of the Best Developer title at the 8th PropertyGuru Cambodia Property Awards 2023.

Diamond Bay Garden, a project by OCIC Group, would advance to win the Best Waterfront Condo Development (Asia) title at the 18th PropertyGuru Asia.

Property Awards Grand Final 2023. It joined excellent projects by Sir Stamford Raffles (Cambodia) Co., Ltd. and RM Commercial Co., Ltd. in representing Cambodia at the Grand Final.

The PropertyGuru Cambodia Property Awards are part of the regional PropertyGuru Asia Property Awards series, which marks its 19th year in 2024. The series covers key markets across the region, spanning Southeast Asia, East Asia, South Asia, and Oceania, with exclusive gala dinners and ceremonies that represent the most anticipated property events of the year.

Organised by PropertyGuru Group (NYSE:PGRU), the 9th PropertyGuru Cambodia Property Awards are supported by gold sponsor CBRE Cambodia; official magazine Property Report by PropertyGuru; official publicity partner TWPR; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com