Version: CN
Juwai IQI, the global prop-tech group that combines the Juwai online marketplaces with IQI’s international agency network, today announced the opening of Juwai Cambodia.
The new office gives the 60,000-agent network a Cambodian foothold with headquarters in the capital city of Phnom Penh and operations across the country.
Kashif Ansari, Co-Founder and Group CEO of Juwai IQI, said Juwai Cambodia is the group’s first overseas agency office branded “Juwai.”
“We called it Juwai Cambodia because that brand resonates strongly with Chinese investors, given Juwai.com has been facilitating Chinese outbound investment since 2011 and Chinese remain the largest foreign investor group in the country,” said Ansari.
Ansari also highlights that nearly half of all foreign investment in Cambodia originates from China, with real estate accounting for 11.2% of that total.
Our new office offers local sellers immediate visibility to China’s multibillion-dollar capital flow and gives overseas purchasers a safe runway into one of Southeast Asia’s fastest-growing real-estate markets.
Kashif Ansari, Co-Founder and Group CEO of Juwai IQI
“We will roll out Atlas, Juwai IQI’s agent super-app and multiple-listing system, to the Cambodian team in the months ahead, enabling live syndication of local listings to Juwai.com’s ten-million-user audience and to IQI agents across more than 30 countries around the world,” continued Ansari.
Daniel Ho, Co-Founder and Group Managing Director of Juwai IQI, said,
“The launch comes as new infrastructure reshapes Phnom Penh’s property landscape. These projects are magnets for new housing, retail and industrial hubs and will lift demand from both local and international investors.”
Ho also stated that Cambodia’s government is planning multibillion projects that will revolutionise connectivity to the country.
This includes the new Techo International Airport, the expressway linking Phnom Penh to Vietnam, and the Funan-Techo Canal that will provide a direct shipping route to the Gulf of Thailand.
Chinese capital continues to drive Cambodia’s condominium market, particularly in Phnom Penh and Sihanoukville. What is new is that Chinese buyers are increasingly joined by a swelling number of buyers from the United Kingdom, Japan, Australia, Italy and Hong Kong.”
Daniel Ho, Co-Founder and Group Managing Director of Juwai IQI
Juwai Cambodia is headed by Sorn Seap, a two-decade veteran of the local industry and current president of the Cambodian Valuers and Estate Agents Association.
Mr Seap also leads Asia Pacific Property Appraisal and KH25 Property, firms that provide valuation and brokerage services nationwide.
“Juwai Cambodia has access to world-class technology and an instant connection to serious buyers from China, the Gulf and other key markets. Being part of Juwai IQI also enables us to keep our boutique, client-first culture,” shared Mr Seap.
We have big plans for the years ahead. Among our earliest goals for Juwai Cambodia is to further expand the team, increase transaction volume, and establish ourselves as the market’s technology and service leader.”
Sorn Seap, Head of Juwai Cambodia
“With access to the best local expertise, industry-leading technology, and links to global investors and property listings, Juwai Cambodia is well positioned to succeed.”
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