Cambodia is one of the top ten fastest-growing economies in the world with an average of seven per cent GDP growth. So, it comes to no surprise that the Cambodia 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 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 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, Elite Property Marketing joined the festivities at the Cambodia 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.
Also, not to forget to mention, Expo Media is doing a fantastic job on the event as Cambodia Property Awards 2019 event manager. The growth and success of the event are due to the superb ad campaign development and the management of our multi-media ad campaign. The coordination of the radio, television billboard, website, social media and new phone application is entirely the responsibility of Expo Media. The added value that Expo Media is able to attain through their long-term media relationships and sponsorship track record is one of the reasons why there are continuous growth and success of Cambodia Property Awards. Without the services, support and professionalism of Expo Media, there simply would not be able to provide such a high-quality festival. This is one of the reasons why Cambodia Property Awards 2019 was the biggest and best-attended to date.