Diamond Bay Garden is an attractive investment opportunity for international buyers, offering a range of benefits that make it a compelling choice for those looking to invest in Phnom Penh’s booming real estate market. From freehold ownership to stable USD investment options, Diamond Bay Garden provides the security and flexibility that international investors seek.
Freehold Ownership for International Buyers
One of the most significant advantages for international buyers is the option for freehold ownership. Unlike many countries where property ownership is restricted for foreign nationals, Cambodia allows foreigners to own property on a freehold basis. This means that international buyers can have full ownership rights over their property, providing long-term security and the potential for value appreciation. This legal framework makes Cambodia, and specifically Diamond Bay Garden, an attractive destination for foreign real estate investment.
Stable USD Investment Environment
Investing in Diamond Bay Garden also offers the stability of USD currency transactions. In Cambodia, the US dollar is widely used alongside the local currency, providing a stable and secure financial environment for international investors. This reduces the risks associated with currency fluctuations and ensures that the value of your investment remains stable over time. For investors looking to diversify their portfolio, the stability of USD investments in Cambodia is a significant draw.
Prime Location in Phnom Penh
Diamond Bay Garden’s prime location in the heart of Phnom Penh further enhances its appeal to international buyers. Situated near key landmarks, business districts, and cultural attractions, the property offers unparalleled convenience and connectivity. This central location not only makes it an ideal place to live but also ensures high rental demand, providing excellent rental yield potential for investors.
Quality of Life and Amenities
The quality of life at Diamond Bay Garden is another factor that makes it attractive to international buyers. The property offers a range of amenities designed to enhance comfort and convenience, including beautifully landscaped gardens, fitness centers, swimming pools, and recreational areas. The presence of Ascott Somerset within Diamond Bay Garden adds an extra layer of value, providing access to top-notch services and facilities.
Future Growth and Long-Term Value Appreciation
Furthermore, the ongoing development in the Koh Pich and Norea City districts promises significant long-term value appreciation. Investing in Diamond Bay Garden means securing a property in a rapidly growing area with substantial potential for future growth. This makes it a smart choice for international buyers looking for both immediate returns and long-term capital gains.
A Welcoming and Vibrant Community
In addition to these benefits, Diamond Bay Garden offers a welcoming and vibrant community. The low-density design ensures a peaceful living environment, while the proximity to schools, healthcare facilities, and recreational areas makes it a perfect choice for families.
In conclusion, Diamond Bay Garden provides a unique and attractive investment opportunity for international buyers. With freehold ownership, stable USD transactions, a prime location, and the promise of long-term value appreciation, it is the ideal choice for those looking to invest in Phnom Penh’s real estate market. Discover the benefits of investing in Diamond Bay Garden and secure your piece of this thriving urban development.
Diamond Bay Garden is situated in the heart of the dynamic Koh Pich ecosystem, offering residents a unique opportunity to live, work, and play in one of Phnom Penh's vibrant neighborhoods. Koh Pich is rapidly transforming into a bustling hub of activity, with a perfect blend of residential, commercial, and recreational spaces that cater to all aspects of modern urban living.
Convenient Urban Living in the Heart of Koh Pich
One of the key advantages of living in the Koh Pich ecosystem is the convenience it offers. Everything you need is just a short walk or drive away. From shopping centers and gourmet restaurants to entertainment venues and cultural attractions, Koh Pich provides a comprehensive urban experience right at your doorstep. This seamless integration of amenities ensures that residents of Diamond Bay Garden can enjoy a high quality of life without the need for long commutes or extensive travel.
A Vibrant Community with Recreational and Green Spaces
The Koh Pich ecosystem is designed to foster a vibrant and engaging community. The area is home to numerous parks, riverwalks, and green spaces that provide residents with plenty of opportunities for outdoor activities and relaxation. Whether it's a morning jog along the river, a family picnic in the park, or an evening stroll through beautifully landscaped gardens, there are endless ways to enjoy the natural beauty of Koh Pich.
Work and Education Opportunities Nearby
In addition to its recreational offerings, Koh Pich is also a major commercial hub. The district boasts a wide range of business and employment opportunities, making it an ideal location for professionals and entrepreneurs. The presence of modern green office buildings, co-working spaces, and business centers such as Food Panda, CMA CGM, KPMG, and others ensures that residents have access to a thriving professional environment. This proximity to workspaces significantly reduces commute times, promoting a better work-life balance. Additionally, the area is home to some of Phnom Penh's top educational institutions, including the Canadian International School, EFI French International School, and De Montfort University making it highly convenient for families.
A Great Investment in Phnom Penh's Growing Neighborhood
Investing in a property within the Koh Pich ecosystem, such as Diamond Bay Garden, offers significant long-term benefits. The continuous development and growth of the area ensure that property values will appreciate over time, providing excellent returns on investment. With healthcare facilities, educational institutions, and thriving commercial spaces nearby, Koh Pich remains a desirable location for people of all ages.
In the bustling city of Phnom Penh, finding a peaceful and serene living environment can be a challenge. Diamond Bay Garden addresses this need by offering a low-density community that prioritizes tranquility and quality of life. Nestled along the banks of the Mekong, Bassac, and Tonle Sap rivers, this waterfront property provides an ideal setting for those seeking a calm and spacious living experience.
One of the main advantages of a low-density community is the abundance of open space. At Diamond Bay Garden, residents can enjoy beautifully landscaped gardens, wide walkways, and ample green areas that promote relaxation and well-being. These open spaces not only enhance the aesthetic appeal of the property but also create a perfect environment for outdoor activities and social interactions.
The reduced number of units within Diamond Bay Garden ensures greater privacy and less crowding, creating a more exclusive living experience. This setting fosters close-knit relationships and a strong sense of community, where families can feel secure knowing their children have plenty of space to play and explore in a safe and welcoming environment.
Living in a low-density community also means less noise and pollution, contributing to a healthier lifestyle. The proximity to the waterfront further enhances this benefit, as the fresh breeze and clean air from the rivers create a refreshing and invigorating atmosphere. Whether enjoying a morning jog along the riverwalks or unwinding in the evening with a scenic view, Diamond Bay Garden offers a peaceful retreat from the city's hustle and bustle.
Another key benefit of a low-density community is the increased access to amenities. With fewer residents sharing the facilities, there is less competition for resources such as the fitness center, swimming pool, and recreational areas. This ensures residents can fully enjoy all that Diamond Bay Garden has to offer without the hassle of overcrowding or long wait times.
In addition to these lifestyle benefits, the low-density design of Diamond Bay Garden contributes to higher property values. Properties in low-density communities are often more desirable due to the enhanced quality of life they offer, leading to better long-term value appreciation. This makes Diamond Bay Garden not only a great place to live but also a smart investment choice.
In conclusion, Diamond Bay Garden's low-density community provides a perfect blend of tranquility, privacy, and convenience. With its spacious layout, beautiful open spaces, and exclusive amenities, it offers a superior living experience in the heart of Phnom Penh. Embrace the peace and serenity of low-density living at Diamond Bay Garden.
When it comes to real estate investments, location and potential for value appreciation are paramount. Diamond Bay Garden stands out as a prime investment opportunity, offering significant long-term value appreciation in one of Phnom Penh's most promising areas. Situated in the burgeoning Koh Pich and Norea City districts, Diamond Bay Garden is perfectly positioned to benefit from the area's rapid economic growth and development.
Koh Pich, also known as Diamond Island, is a hotspot for urban development. With only 60% of the island currently developed, there is substantial potential for future growth and expansion. This ongoing development ensures a steady increase in property values, making an investment in Diamond Bay Garden a wise financial decision. As infrastructure improves and new commercial and residential projects are completed, the demand for properties in the area is set to rise, driving up prices and ensuring excellent returns on investment.
The strategic location of Diamond Bay Garden also plays a crucial role in its value appreciation. Being centrally located and well-connected to major business districts, educational institutions, and healthcare facilities, it offers unparalleled convenience and accessibility. Properties in such prime locations are always in high demand, ensuring steady appreciation over time.
Furthermore, the planned developments in the Norea City district add another layer of investment potential. As this area transforms into a vibrant commercial and residential hub, properties in and around it, including Diamond Bay Garden, are set to benefit significantly. The influx of businesses, retail outlets, and entertainment options will attract more residents and investors, further boosting property values.
Investing in Diamond Bay Garden is not just about securing a home; it’s about making a strategic financial decision. The unique combination of a prime waterfront location, proximity to major urban centers, and the promise of future growth make it an ideal choice for savvy investors. Whether you’re looking to live in a dynamic and rapidly developing area or seeking a high-return investment, Diamond Bay Garden offers the perfect solution.
In conclusion, Diamond Bay Garden provides an exceptional opportunity for long-term value appreciation. With its prime location, proximity to ongoing and planned developments, and the inherent appeal of waterfront living, it’s a smart investment that promises significant returns. Secure your future by investing in Diamond Bay Garden today.
[Phnom Penh, Cambodia, 14 August 2024] –Diamond Bay Garden is more than just a place to live; it’s a strategic investment located in the heart of Phnom Penh. Situated just five minutes away from key landmarks such as Independence Monument, BKK1, and AEON Mall, Diamond Bay Garden offers unparalleled convenience and accessibility for its residents. Find Diamond Bay Garden on the google map here.
Living in the center of Phnom Penh means having the city’s best at your doorstep. Whether it’s dining at upscale restaurants, shopping at high-end boutiques, or enjoying the vibrant nightlife, everything is within easy reach. With Koh Pich being a business district also makes Diamond Bay Garden an ideal home for professionals who value a quick and easy commute.
Connectivity is a key highlight of Diamond Bay Garden. The development is well-connected to major roads and public transportation, ensuring smooth and efficient travel to and from the property. This ease of access significantly enhances the quality of life for residents, allowing them to spend less time commuting and more time enjoying their surroundings.
Another major advantage of Diamond Bay Garden's central location is its proximity to educational institutions and healthcare facilities. Top-tier schools like the Canadian International School, Ecole Francaise Internationale, and De Montfort University are just a short drive away, making it a perfect choice for families. Reliable hospitals and medical centers are also nearby, providing peace of mind and ensuring that quality healthcare is always within reach.
The economic growth of the Koh Pich and Norea City districts further adds to the appeal of Diamond Bay Garden. These areas are rapidly developing into major commercial and residential hubs, driving up property values and offering excellent long-term investment potential. With 40% of Koh Pich still undeveloped, there is significant room for future growth, making now the perfect time to invest.
In summary, Diamond Bay Garden offers an unbeatable combination of prime location, excellent connectivity, and proximity to essential amenities. It’s not just a place to live; it’s a gateway to experiencing the best that Phnom Penh has to offer. Whether you’re a professional, a family, or an investor, Diamond Bay Garden provides the ideal environment for a fulfilling and convenient urban lifestyle.
[Phnom Penh, Cambodia, 13 August 2024] – Diamond Bay Garden, an award-winning waterfront property from Property Guru offers unparalleled living experiences nestled on the picturesque banks of the Mekong, Bassac, and Tonle Sap rivers. Imagine waking up to the gentle sound of water flowing and enjoying a serene sunrise from your balcony, with stunning views stretching across the tranquil waters. This is the everyday reality at Diamond Bay Garden.
Living by the water provides a unique combination of natural beauty, relaxation, and a healthy lifestyle. The fresh breeze and cleaner air near the waterfront create a refreshing environment that promotes well-being. Whether you're taking a leisurely stroll along the riverwalks or engaging in outdoor activities in the lush parks, the waterfront setting offers endless opportunities for recreation and relaxation.
Diamond Bay Garden is strategically located to maximize the benefits of its waterfront position. The proximity to the rivers not only provides aesthetic beauty but also ensures a cooler and more pleasant microclimate. This naturally reduces the reliance on artificial cooling, making your home more energy-efficient and environmentally friendly.
Moreover, the waterfront location of Diamond Bay Garden enhances the property's long-term value. Waterfront properties are always in high demand due to their limited availability and unique appeal. Investing in Diamond Bay Garden means securing a home in one of Phnom Penh's most coveted locations, ensuring significant appreciation in property value over time.
In addition to its breathtaking views and environmental benefits, Diamond Bay Garden offers a range of amenities designed to complement the waterfront lifestyle. With Somerset by The Ascott's quality of hospitality services and lifestyle offerings, every aspect of the property is designed to provide residents with the highest quality of life.
Discover the perfect blend of tranquility and convenience at Diamond Bay Garden. With its unique location on the banks of three rivers, this exceptional property offers a living experience like no other. Embrace the beauty and benefits of waterfront living, and make Diamond Bay Garden your new home.
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[Phnom Penh, Cambodia, 10 January 2024] – To start the year 2024, Phillip Trustee(Cambodia) Co., Ltd. a subsidiary of Phillip Bank, affiliated to Singaporean financial services firm Phillip Capital Group and OCIC Group, Cambodia’s leading property and infrastructure conglomerate, are forging a partnership that aims to provide more options for foreign direct investment related to real estate. As such, foreign investors from the international network of Singapore based Phillip Capital Group will benefit from Trust Services for purchases of landed properties from OCIC Group’s network in Cambodia.
The signing of the partnership agreement marks an expansion in collaboration between the Cambodian conglomerate and the Singapore diversified financial services company, offering a wider array of trust services to foreign investors coming into Cambodia. The new agreement is the beginning of a long-term partnership aimed at utilizing the strengths of two strong brands, with OCIC’s known for its footprint in the local Cambodian market and Phillip Capital Group with its broad list of foreign clients and partners across the world.
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While Phillip Capital Group was established since 1975 in Singapore, Canadia Group, started in 1991 in Cambodia. Both groups have now been in business in Asia for over 30 years, with standing several market cycles including periods of growth and volatility during economic crisis. Both groups have built solid foundations and have been able to navigate through the bear and bull markets as well as adapting to evolution, modernization and digitalization of society across the ASEAN region.
2024is the year of the Dragon, and marks a continuation in OCIC’s development with increased collaborations with foreign partners in order to boost innovation, while providing more choices and options for its customers base.
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CanaTrust, a service from Canadia Group has proven to be very successful, and the addition of the Phillip Trustee’s trust administration will provide foreign investors from Singapore and western countries more opportunities and ease of owning landed property within the OCIC’s ecosystem of real estate and property developments.
Phillip Capital Group established in Singapore by its founder Mr. Lim Hua Min, operates with over 5,000 employees with a presence in 15 countries across Asia, Europe, North America, and the Middle East region.
The partnership with Phillip Trustee complements and aligns with OCIC’s long term-vision of sustained engagements with international partners offering variety of choices and higher quality standards to its customers. This partnership also supports Cambodia’s overall efforts of easing foreign ownership through trustee management firms which help facilitate more foreign investments and provide for proper management of their assets in the country, at par with international standards.
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Thierry Tea, Vice President of OCIC commented “This is a timely milestone for OCIC; with Phillip Trustee, Phillip Bank owned trustee and the wider Phillip Capital of Singapore, we’re working to develop an expanded range of services not just to our existing clientele but for potential foreign investors from Singapore and other parts of the world. The values of our founder, Neak Okhna Dr. Pung Kheav Se are shared by Phillip Capital’s group and we have the same passion and commitment to improve and evolve our respective products and services.”
Phillip Capital Group currently operates in the United States, Australia, UAE, India, Turkey, UK, France, Japan as well as Indonesia, among others. Phillip Capital Group’s network will enable its wide range of over 1 million customers to benefit from potential opportunities from the OCIC Group’s residential and commercial properties, investments and infrastructures projects in Cambodia. The investment and wealth management firm serves institutional clients as well as retail, high net worth individuals, family offices or corporate customers for the last 49 years. “This collaboration reflects OCIC's overall objective to drive economic growth and business confidence to the benefit of all stakeholders and the communities we serve” adds Thierry Tea.
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[Kuala Lumpur, Malaysia, 28 December 2023] - To conclude an active year 2023, the first-ever" Asia Pacific Outstanding Enterprise Award" was awarded to OCIC Group(Overseas Cambodian Investment Corporation) at the Platinum Business Awards2023, which were hosted by the SME Association of Malaysia. OCIC Group, one of Southeast Asia’s dynamic diversified conglomerates has been recognized for its diverse pioneering infrastructures and connectivity developments, which are positively impacting the socio-economic progress of Cambodia and the Asean Region. This year, the event was attended by H.E Pheap Kol, Minister Attached to Prime Minister of Cambodia Samdech Thipadei Hun Manet as well as H.E Ouk Chandara, Ambassador of Cambodia to Malaysia. H.E Deputy Minister of Entrepreneurship of Malaysia, YB Senator Puan Saraswathy Kandasami, has presided the 2023 Ceremony. OCIC Group VP Thierry Tea together with HE Pheap Kol (Minister attached to the Prime Minister of Cambodia) and H.E. Ouk Chandara (Cambodian Ambassador to Malaysia) (PHOTOS SUPPLIED)
Thierry Tea, Vice President of OCIC Group received the award on behalf of Neak Okhna Dr. Pung Kheav Se, and declared: “For about 30 years, our group’s founder has been actively engaged in building ecosystems in Cambodia and Laos, to enable the growth of SMEs. Receiving this recognition from fellow entrepreneurs and captains of industries in the ASEAN region, is an amazing encouragement for OCIC Group’s contribution to build opportunities for millions of people." The Platinum Business Awards organized since 2002, by the 10,000+ members’ SME Association of Malaysia, is an award giving body, which recognizes SMEs and business personalities for achievements and contribution in support of development of small and medium companies. SMEs are the backbone of most countries’ economies. In Cambodia, over 90% of businesses are SMEs and represents nearly 60% of the country’s GDP.
This year, with over 2,000 attendees, the 2023 edition of the Platinum Business Awards, in Kuala Lumpur, was recognized by the Malaysia Book of Records as the business awards ceremony with the most attendees. With the goal of sharing viewpoints on business development and exchanging technological know-how, Cambodia shares deeply rooted relations with the Malaysian Business Community. The Council for the Development of Cambodia (CDC)counts 162 projects and 3.2 billion U.S. dollars of Malaysian investment in Cambodia. On the sideline of the event, invited by H.E Dato Sri Ricky Yaw, Chairman of Eakon Group, and Director of the Malaysia-Cambodia Chamber of Commerce (MCCC), the Cambodian delegation led by H.E Minister Pheap Kol with Secretary of State H.E Ying Sarath, Thierry Tea and Lim Keanan to visit and exchange with the Malaysia Ministry of Investment, Trade and Industry as well as with members of the SME Association of Malaysia.
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OCIC’s Founder & Chairman Neak Okhna Dr. Pung Kheav Se honored by the SME Association of Malaysia (PHOTOS SUPPLIED). OCIC Group has been developing growing relations with the Malaysian business community, including customers, suppliers, and partnerships throughout the different neighborhood in of Koh Pich, Norea City, Olympia City or Chroy Changvar Satellite City, as well as for the Techo International Airport development. The year 2023 has been a very busy year for OCIC Group, which has completed several connectivity infrastructures among other, including the 824 meters long Koh Pich-Koh Norea bridge and the 922 meters long Keo Russey Bridge connecting both sides of the Tonle Sap from National Road 5 to National Road 6 in the Chroy Changvar peninsula. Lastly, in addition to sealed partnerships or launches with international groups such as Accor Hotels from France, Big C from Thailand, and Singapore Airline Engineering from Singapore, OCIC Group has concluded a stellar 2023 by receiving local and international awards recognitions, paving the way for more challenges in 2024.
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[Bangkok, Thailand, 18 December 2023] – Overseas Cambodian Investment Corporation (OCIC), Cambodia’s leading property and infrastructure conglomerate has been awarded Best Waterfront Condo for its latest mixed-used residential property, Diamond Bay Garden at the Asia Property Awards, during the Property Guru Asia Real Estate Summit 2023. This year, together with OCIC, Guoco Land Singapore, Keppel Land, Shang Properties, Fraser Land, Robinson Land, Aboitiz Infra, Sinar Mas Land, Sime Darbi, Lan Kwai Fong Group, Shun Tak Holdings, Sino Land or UOL were among the other recognized developers in the Asia region.
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This marks the second year only, that Cambodian developer shave been presented with a regional award. This year, 3 properties development projects from Cambodia have been awarded, Diamond Bay Garden, Mean Chey Avenue and Marum Estate from Sir Stamford Raffles a Singapore based developer, have received recognitions at the Real Estate Summit. And this underlines the immense growth potential of the emerging country. However, OCIC is one the first homegrown Cambodian founded and Cambodian owned real estate developer, to be recognized at the international stage. This is a tremendous milestone for the Founder and Chairman, Neak Okhna Dr. Pung Kheav Se, who established OCIC 23 years ago. OCIC has also been finalist and runner-up in 2 other categories, including Best High-Rise Condo Development and Best Developer Asia.
Diamond Bay Garden in Koh Pich district is a soon-to-be launched Condominium complex, comprising three towers nestled at the junction of Phnom Penh city’s 3 major rivers, with breathtaking views. OCIC Vice President, Thierry Tea, who received the award on behalf of the Group commented: “The team at OCIC is extremely heartened to have received such an award and be recognized regionally. Our investments in shaping Diamond Bay Garden property is indicative of the ongoing development of Cambodia's Koh Pich district, a 100 Hectare CBD, with over 15,000 residents, which is now thriving as a hub for innovation, commerce, and residential living. This reaffirms our dedication into developing Cambodia as a whole, and our care to make people happy when possible. ”
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This award, for OCIC Group’s 30th residential property development, and the 5th high rise condominium, is a testament to its 15,000 employees’ dedication to expansion, innovation, and sustainable development that contribute to Cambodia's future growth. As the Group continues to expand its portfolio and strengthen its presence, the regional recognition provides wider platform for the Group to grow in the Asia Pacific.
[Paris, France, 16 January 2024] – At the occasion of the France - Cambodia Business Forum organized by MEDEF and chaired by H.E. Samdech Moha Borvor Thipadei Dr. HUN Manet, Prime Minister of Cambodia, OCIC Group signed a Memorandum of Understanding with Aloest Productions, a French audio visual production company, to establish a partnership support for the promotion of the documentary movie "The Perfect Motion" in France and Europe.
The documentary film "The Perfect Motion "(or "Tep Hattha" in Khmer) delves into the history of the Royal Ballet of Cambodia and Apsara dance, a traditional Khmer dance. The film also explores the commitment of the late Princess Norodom Buppha Devi, former Cambodian Minister of Culture and Director of the Royal Ballet, to preserving Cambodia's cultural heritage. Elegant Khmer dance has its roots in the country's ancient history, reflecting mythological, religious and historical themes that have captivated many French audiences. In 1906, the famous sculptor Auguste Rodin first saw the dance at a performance in Paris and fell in love with it.
The Khmer Rouge war less than half a century ago plunged Cambodia into a dark period when art was strictly forbidden. Despite this direct threat to its cultural identity, the rapidly expanding Kingdom of Cambodia is now eager to share the richness of its rediscovered heritage with the rest of the world.
Before its national release in cinemas in more than 30cities of France starting 13th March 2024, the film will be screened during a tour of previews in Brussels, around France, and Geneva. The tour will begin at the Museum of Asian arts-Guimet in Paris on 12th February2024 and will end at the UNESCO World Headquarters on the 11th March2024. Each preview will be preceded by an Apsara dance performance by dancers from the Royal Ballet of Cambodia, offering to the audiences an experience similar to that enjoyed by Auguste Rodin.
OCIC Group is supporting the film with the aim of promoting Khmer art and culture internationally through financial and logistical resources and its networks in France and Europe. The project has also benefited from the connections of French-speaking Prince Sisowath Tesso, as well as the financial and community support of several partners, including AEPK, Vattanac, The Peak, Kulen, Bred Bank, the European Union Delegation to Cambodia, All Dreams Cambodia, the Cambodian Ministry of Culture and Fine Arts, and the Cinema and moving images National Center (CNC) of the French Ministry of Culture.
About OCIC
OCIC is one of Cambodia's leading diversified conglomerates. OCIC Group is a group of companies and businesses that are affiliated to OCIC and includes a business portfolio in property development, real estate, education, healthcare, airport, construction & engineering, retail, hospitality to media and leisure. OCIC's major developments include the Techo International Airport, Koh Pich, Norea City, Chroy Changvar Satellite City and the Olympia City. OCIC Group is a member of Canadia Group. www.ocic.com.kh
[Phnom Penh, Cambodia, 23 November 2023] – Your enthusiasm, dedication, and hard work towards promoting cleanliness in our home are truly inspiring. Together, we made a significant impact on our community and environment. As we gathered at The Elysee this morning, we witnessed the power of unity and collective action. Each person's contribution, big or small, played a vital role in creating a cleaner and healthier home for all of us.
Your commitment to our beloved home, Koh Pich, is truly commendable. We would also like to express our deepest gratitude to the Preah Dekchkun Vachirpanho Kou Sopheap who joined us to bless our initiative.
Their presence added a spiritual touch and reminded us of the importance of mindfulness and gratitude towards our surroundings. Remember, this is just the beginning of our journey towards a cleaner, greener future.
About OCIC
OCIC is one of Cambodia's leading diversified conglomerates. OCIC Group is a group of companies and businesses that are affiliated to OCIC and includes a business portfolio in property development, real estate, education, healthcare, airport, construction & engineering, retail, hospitality to media and leisure. OCIC's major developments include the Techo International Airport, Koh Pich, Norea City, Chroy Changvar Satellite City and the Olympia City.
OCIC Group is a member of Canadia Group. www.ocic.com.kh
[Phnom Penh, Cambodia, 21 August 2023] – OCIC (Overseas Cambodian Investment Corporation), a leading property developer in Cambodia, wins big at the Property Guru Awards 2023. OCIC has been awarded "Best Developer 2023," while its condominium project, Diamond Bay Garden, bagged two coveted awards for "Best Waterfront Condo 2023" and "Best Condo Development 2023." These prestigious awards earned from the esteemed Property Guru organization, serve as a recognition of OCIC's strong commitment for value creation, innovation, and customer dedication, while contributing to investing in the growth of real estate in Cambodia.
OCIC's success in the annual awards as "Best Developer 2023" highlights the consistency and the investments of the Group for the last 23 years and its contribution to the Real Estate industry in Cambodia.
In addition, OCIC’s uniquely positioned Diamond Bay Garden Koh Pich, which won two Awards as “Best Condo Development 2023” and "Best Waterfront Condo 2023", is the latest property under development, and soon to be launched to the public market. OCIC Group has invested in a unique location at the heart of the vibrant and revitalized Koh Pich commercial district.
In the middle of the city’s new center of gravity among popular attractions to expats and young affluent Khmer such as Coconut Park, Treelion Park, Aquation Offices Park, the Riverwalk week end markets, Elysee Square or Elysee Bay, OCIC has conceptualized a strategically developed Condominium masterpiece of 1,500 units split in 3 High Rise Towers overlooking the amazing views of the Mekong River, the Tonle Sap and the Bassac River.
About OCIC
OCIC is one of Cambodia's leading diversified conglomerates. OCIC Group is a group of companies and businesses that are affiliated to OCIC and includes a business portfolio in property development, real estate, education, healthcare, airport, construction & engineering, retail, hospitality to media and leisure. OCIC's major developments include the Techo International Airport, Koh Pich, Norea City, Chroy Changvar Satellite City and the Olympia City.
OCIC Group is a member of Canadia Group. www.ocic.com.kh
[Paris, France, 16 January 2024] – Under the esteemed auspices of His Excellency Samdech Moha Borvor Thipadei Dr. Hun Manet, Prime Minister of the Kingdom of Cambodia, OCIC (Overseas Cambodian Investment Corporation) and Platform Impact are pleased to announce the signing of a Memorandum of Understanding (MOU) to support the establishment of an innovative Computer Programming school in Connexion, Koh Pich, Phnom Penh, inspired from France.
In a significant step towards fostering education and technological empowerment, Overseas Cambodian Investment Corporation (OCIC) and Platform Impact have entered into a Memorandum of Understanding (MOU) to jointly support the tech-educational ecosystem by offering high-quality, accessible, and industry-relevant education in computer programming and software development.
The partnership aims to provide free tuition to students with or without degrees who are 18 years or older. The teaching methods are based on peer learning: no teachers, no lectures, and project-based learning, in a gamified environment to develop technical and soft skills needed for the digital economy.
This MOU, signed on the 15th of January at MEDEF in Paris by Dr. Lim Lina, Vice Chairperson of Canadia Group & OCIC together with Wisal Win, Chairman of Platform Impact, solidifies the commitment of both organizations to contribute resources and expertise to create a sustainable and impact full earning environment for students, focusing on inclusivity, innovation, and skills development.
"We are thrilled to partner with OCIC to support inclusive and accessible skills development,” said Wisal Hin, Chairman at Platform Impact. "Education is the cornerstone of progress, and by combining our strengths, we can create a lasting impact on the lives of students, equipping them with the skills needed for a successful future."
"We believe in the power of education to transform societies, by empowering our fellow citizens through upskilling and building opportunities." said Thierry Tea, Vice President at OCIC Group. "This partnership with Platform Impact aligns with our shared value commitment to supporting initiatives that have a positive impact on youth, education, and technology, ultimately contributing to Cambodia's future as well as its growth and development."
The development of the French-inspired computer programming school, will take root in Phnom Penh’s vibrant community district of Koh Pich, in particular the Connexion Community Hub, scheduled to launch in Q1 2024, it will house an innovation center and incubator led by OCIC’s mother company, Canadia Group.
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Koh Pich, a property development project initiated by OCIC since2006, has steadily grown and evolved. In 2023 of last year, the districtwitnessed a steady increase in its number of residents, tenants and overallfoot traffic, with a year on year +30% occupancy rate growth. Today, togetherwith its connection to Norea City by bridge, Koh Pich is positioned to be amore vibrant district to develop nascent startups neighborhoods, studentecosystems, and communities that thrive on innovation and fresh ideas.
This MOU marks the beginning of a collaborative journey to accelerate digital skills in Cambodia. OCIC Group and Platform Impact look forward to making a meaningful and lasting effort towards bridging digital skills gaps and contributing to the nation's vision for a brighter future.
About OCIC
OCIC is one of Cambodia's leading diversified conglomerates. OCIC Group is a group of companies and businesses that are affiliated to OCIC and includes a business portfolio in property development, real estate, education, healthcare, airport, construction & engineering, retail, hospitality to media and leisure. OCIC's major developments include the Techo International Airport, Koh Pich, Norea City, Chroy Changvar Satellite City and the Olympia City.
OCIC Group is a member of Canadia Group. www.ocic.com.kh
[Phnom Penh, Cambodia, 15 March 2024] –The Cambodia Tech Catalyst kicked off with a Networking Cocktail at Koh Pich City Hall, joining over 200 tech challengers and leaders. We were honored to welcome Esna Ong, Success Start-up Manager, and Kathleen Chiu, Customer Engineer, from Google Cloud Asia Pacific. They shared valuable insights on startup success and customer engineering, all the way from Singapore!
Special thanks to Mr. Rahul Mahesh, Director of Digital & Technology at Heineken Cambodia for his unwavering support and opening remarks.
Over refreshments, we had insightful 𝐓𝐞𝐜𝐡 𝐓𝐚𝐥𝐤𝐬 on how to scale up business successfully in Cambodia and build digital networks presented by notable figures in the Cambodian tech industry, such as Ms. Kounila Keo (Mekhala Radiant Communications), Ms. Mélanie Mossard (Impact Hub Phnom Penh), Ms. Lisa CHAO (Khmer Enterprise), Tharum Bun (Kiripost), Mr. sam kosal (Baksey Media - Business Cambodia), Sophie T. (Emerging Markets Investment Advisors) and Mr. Bora Kem (Mekong Strategic Capital). Let's continue to connect, inspire, and drive change together!
About OCIC
OCIC is one of Cambodia's leading diversified conglomerates. OCIC Group is a group of companies and businesses that are affiliated to OCIC and includes a business portfolio in property development, real estate, education, healthcare, airport, construction & engineering, retail, hospitality to media and leisure. OCIC's major developments include the Techo International Airport, Koh Pich, Norea City, Chroy Changvar Satellite City and the Olympia City.
OCIC Group is a member of Canadia Group. www.ocic.com.kh
[Phnom Penh, March 24, 2024] - The Kingdom of Cambodia celebrates the Second National Day of Science, Technology and Innovation with the aim of promoting technological progress to contribute more to national economic development. 2nd National Day of Science, Technology and Innovation from March 24 to 26, 2024
The Koh Pich Convention and Exhibition Center in Phnom Penh brings together leaders, policy makers, innovators and stakeholders from various fields to promote the important role of science and technology in Cambodia's development process. The Prime Minister of the Kingdom of Cambodia, His Excellency Hun Manet, presided over the opening ceremony of the National Day, which demonstrates the Royal Government of Cambodia's commitment to innovating and promoting a culture of technological excellence.
The theme of this year's National Day of Science, Technology and Innovation is "Small and Medium Enterprises Towards Science, Technology and Innovation", reflecting the Royal Government's focus on the use of technology to promote growth.
Especially in the field of small and medium enterprises. With the rapid development of the fourth generation industrial revolution and digitalization Cambodia clearly understands the need to use the tools and knowledge necessary for local enterprises to grow rapidly in a context of increasing global competition.
[Phnom Penh, Cambodia, 15 March 2024]– Singapore's The Ascott Limited (Ascott), the wholly-owned lodging business unit of CapitaLand Investment, has entered into a management agreement with Overseas Cambodian Investment Corporation (OCIC), for the management of Somerset Diamond Bay Garden Phnom Penh in Koh Pich.
The agreement wassigned by Ms. Serena Lim, Chief Growth Officer of The Ascott Limited and Dr.Lim Lina, Vice Chairwoman of the OCIC Group.
Somerset Diamond BayGarden Phnom Penh is part of Diamond Bay Garden, an upcoming 37 floors high-riseresidential development that overlooks the Mekong River. The property, developedby OCIC, has received the Award for Best Waterfront Condominium Asia-Pacific byPropertyGuru in 2023. Located on 10 of the higher floors, Somerset Diamond BayGarden is a strategic addition to Ascott, with the Somerset brand being thesecond largest in the hospitality company’s global portfolio.
This alliance reinforcesthe commitment of both Ascott and OCIC to improve the quality of hospitalityservices and lifestyle in Koh Pich, which is quickly becoming a growing CentralBusiness District (CBD) of Phnom Penh.
Mr. David Cumming, Regional General Manager of Vietnam, Cambodia & Myanmar, Ascott emphasised:"We are thrilled to collaborate with OCIC and anticipate Somerset DiamondBay Garden Phnom Penh to become a premier destination for both business and leisure travellers. This new agreement expands Ascott’s presence in Cambodia to6 properties spanning more than 1,200 units. Somerset Diamond Bay Garden PhnomPenh offers a diverse range of accommodations, from studios to 3-bedroom units,catering to short-stay and long-stay demands in the fast-growing Southeast part of Phnom Penh. We hope that this ground-breaking collaboration will set a positive precedent for future endeavours between Ascott and OCIC."
Koh Pich has been selected for its very central location, and its growing mix of commercial and residential neighbourhood. The opportunity to provide an unparalleled river view of the Mekong, the Tonle Sap and the Tonle Bassac will enable residents to fully enjoy a strategic location and the benefits of upcoming parks, cafes, F&B options as well as the energy from the rising tech and start-ups ecosystem. The 15,000 residentsworking or living in Koh Pich have started to fully utilize the recently completed Riverwalk for either early morning run or exercises while others are simply appreciating the fresh breeze from the riverside.
Diamond Bay Garden is ideally situated at the heart of Koh Pich, accessible to various key landmarks such as the Independence Monument, the Royal Palace, the National Museum, the Riverside, Aeon Mall or Norea City all within a five-to-ten-minute drive. The convenience is enabling the residents to benefit from the local vibrancy while enjoying the panoramic views of the Mekong River and the Tonle Sap, as well as the Phnom Penh City’s skyline.
