An Interview with
Chairman and CEO
ERA Cambodia is the top and fast-growing real estate agency in Cambodia specializing in medium and mega residential and commercial complex. Since stepping in Cambodia in 2018, the company has sold more than 1,000 units and has more than 1,270 sales agents.
With strong developing fundamentals, Cambodia is designated as a promising market in Asia Pacific for the expansion of the ERA Real Estate global systems. ERA Cambodia is expected to emerge as one of the most dynamic and advancing markets among ERA Real Estate worldwide networks for providing real estate services to all local and international customers.
13 October 2021
Tell us about your background, and how you came to found your company?
Kungkea has an educational background in Business Management. He found his passion in Business and has since early years as refreshment he started to focus on entrepreneur skills and he gained interest in property due to its natural appeal as well as high market demands.
Kungkea has experience as Franchise Manager of an international real estate company and he then took Certified Real Estate Specialist (CIPS) USA. He then become a Senior Real Estate Specialist (SRES) USA and he is also an International Real Estate Speaker and Negotiator. In 2018, Kungkea signed an agreement to start a new business of master franchise from USA to Cambodia. He is presently Chairman and CEO of ERA Cambodia.
What is most important to you and your organization – mission, vision, or core values? Why?
What most important to us is bringing a win-win solutions with innovative platform by offering investors/buyers for the best real estate, building capacity and provide opportunity for our salespersons to be at recognizable at the international stage, as well as to help developers achieving better sales performance.
Vision for the business
ERA Cambodia will be the most successful innovative cultural breakthrough organization with distinctive capacity in convergent interests of diverse real estate communities.
Empowerment of all employees through adequate capacity building in creating platform to provide quick and best services in satisfying the needs of buyers, investors, and financers under real estate professionalism and jurisdiction.
• Ethic: ensuring services are provided with honesty, integrity, fairness and trustworthy .
• Rational: maximizing benefits through continuous optimization of all relevant resources within and outside organization.
• Advancement: creating platform to encourage dynamic initiatives of all relevant professionals for their prosperities in the upcoming fourth technology and industry revolution
• Cultural communication: initiating cultural communication platform to remove cultural berries at all cultural dimensions under context of globalization and shifting of modern financing modalities.
Can you explain briefly how your service(s)/product(s) works?
ERA Cambodia is a real estate company which we uniquely act as an innovative real estate platform and specialization in providing services for the medium and mega residential and commercial complex.
We provide the best real estate opportunities to buyers/investors.
We provide opportunity for people to become sales agents and building their capacity, increasing income, and be recoginzed at the international stage.
We help developer to accelerate for better sales performance.
How has the industry been changing in recent years?
Cambodia is one of the highest growing countries in the world with average 7% GDP growth in the last decade. Meanwhile, real estate in Cambodia is a main sector to boost the economy growth. Cambodia regulations are quite favourable as foreigner can own unit of co-owned building in freehold with strata title. Taxation are also favourable compared to some countries in the region. The rental return and capital gain in Cambodia real estate are between 6% to 8% per annum in average. Financing is open for accessiblity as not only banks but the developer itself also provide developer financing.
What makes you different from what’s currently available in the market?
There are 4 points that makes our business unique.
We are building and keeping our expertise in big segment of residential and commercial complex.
We intergrate our business with innovative technology and platform.
We are the first and the currently the biggest in the kind of our business services in Cambodia.
ERA is the international real estate brand and has the largest network globally.
What does the future hold for your company?
We aim to be the biggest real estate company in the region as well as worldwide with the most innovative technology and platform for real estate salespersons, buyers/investors, and real estate developers.