Cambodia is one of the top ten fastest growing economies in the world with an average of seven percent GDP growth. So, it comes to no surprise that the Cambodia PropertyGuru Property Awards 2019 was the biggest and best attended to date.
The fourth edition of the black-tie gala dinner was held on May 3, 2019, at the elegant, five-star Sofitel Phnom Penh Phkeethra where the 370 guests celebrated the best projects, designs, outstanding personalities, and innovations in the real estate and construction industry.
It is expected that the real estate sector in Cambodia will continue to see strong growth and an influx of foreign investors. The close ties with the Chinese market forsee additional investments in hospitality, casinos, residential, and commercial properties.
At the Cambodia PropertyGuru Property Awards, jury chairman Som Seap of KEY Real Estate and his fellow judges selected winners in 38 categories and for special awards. His Excellency Dr. Pen Sophal, Secretary of State of the Ministry of Land Management, Urban Planning, and Construction mirrored the positive market sentiment in his keynote.
His Ministry was also one of the winners. The special recognition for Digital Innovation was bestowed on the team for the development of the Cambodia Construction mobile app.
Technological and digital advancements such as this app are just some signs of the potential the young workforce has. It is estimated that 60 percent of the workers are still below 30. The development of the country is so fast that the skyline in Phnom Penh is practically changing every year with new high rise commercial and residential buildings.
Cambodia has moved from one of the poorest countries in the world to a lower middle-income country in 2016 and there seems to be no slow-down in sight. The cheers at the Cambodia PropertyGuru Property Awards echoed the trend.
Peng Huoth Group won the title of Best Developer for the fourth consecutive year, an accolade that has not been seen in the Property Awards’ history before. A list of all the winners can be seen here.
Well, almost all the winners. The lucky draw winners receiving round trip tickets to Dubai enjoyed their triumph among their friends at the awards only.
As a platinum sponsor, Kohler Company joined the festivities at the Cambodia PropertyGuru Property Awards with their peers from the real estate, construction, and development industry, and partied the night away with architects and designers at the gala dinner.
Category winners will go on to the Grand Finale in Bangkok, Thailand, towards the end of the year.
Source: some photos are courtesy of Sofitel Phnom Penh, PropertyGuru FB and website.