A Family Owned Real Estate Company
We are Temple City Real Estate, a fully licensed and registered real estate agency based in Siem Reap on National Highway 6. Temple City Real Estate is owned and operated along western business principles and ethics. This company is owned run by a Cambodian lady of great integrity, with Mike, her German born Australian husband and with some other family members on the staff. All income from this company stays right here in Cambodia. Temple City Real Estate is registered with the Cambodian Ministry of Commerce in Phnom Penh.
How did Temple City Real Estate come to be?
Mike’s first visit to Siem Reap was in March 2012, on a mission to supervise a further 9 of the 30 metre deep bore water wells that he had already funded in 2012, bringing the total to 13. He funded 5 more 30 metre deep bore water wells a little later, and his friends and family in Australia funded another 14 of the same type of well and the families of every one of the 32 water wells came with a free water filter and family size mosquito net. Mike thought that he may be able to perform some useful function in Cambodia when retired, such as teaching English or computer skills, but now finds himself in the real estate industry so as to provide his extensive Cambodian family with a business they can run themselves, because Mike is not expecting to live forever.
Get In Touch With Us
Finding us or to Contact Us Our registered business address is Office No. B01, No. 018, National Highway No. 6, Group 2, Taphul Village, Svay Dangkum Commune, Siem Reap, Siem reap Province, Cambodia. You can find us under the “Contact Us” tab, just scroll down a bit to see our Map Location at GPS 13.368583, 103.846722.
At the end of this page, you can see our ‘Certificate of Incorporation’ from the Cambodian Ministry of Commerce.
Aiming to Provide The Best Service
Total integrity is our motto, and it is our aim to give our clients the best service possible. We realise how important it is for property owners to understand the expectations of western tourists, especially in respect of physical comfort levels of furniture. We are lucky to have a European born Australian on our team who is acutely aware of the needs of people who come from their very cold climate to this very hot country. He is also very aware of the physical needs and health limitations of the older tourists and expats. We are therefore in a position to help property owners in choosing suitable furniture and also advising on a kitchen and bathroom design that will ensure that their properties will not stand empty for any longer than necessary. In brief, we specialise in properties for westerners and those who rent or buy through us, will receive an after sales service beyond their dreams to help them get established in Siem Reap.
Siem Reap Real Estate – The Tourist Season
We realise that apartment rental and guest house businesses here in our beloved Siem Reap, also affectionately known as ‘Temple City’, has only a seven month tourist season in which to earn enough money to pay for a business’s running costs, and to also make enough tourist dollars to realise a profit after the five long slow months of the low tourist season.
A Profit Margin in Perspective
A very good friend once told me how everybody thinks that all business people are rich people. He explained to me about profit margins. He said that people think that when most customers stop buying from you, you will then make a loss. He said it was not so, and he explained it to me this way. If he has 111 customers and he makes a profit of 11% he is doing well. BUT, if only 11 customers stop buying from him then he makes no profit at all, and if just 12 people stop buying from him, he is then running at a loss and losing money. This is very important business principle for people to understand.
We understand this, and therefore will do our very best to minimise the financial risk for our clients by finding tenants for their rental properties, and buyers for their ‘properties ’for sale’ and ‘businesses for sale’ as quickly as we possibly can. It is crucial, that properties are fitted out to meet western expectations regarding comfort levels.
If you think 7 months is a short tourist season, read about this 3 month tourist season.
Down in Australia, in the snow-fields where people go snow ski-ing, it is even harder. The hospitality industry there, has only a three month long tourist season in which to make enough money to last them for a whole year, and that is why ski-ing is so very, very, very, expensive in there. To make it worse, in some winters, there is only enough snow for two months of ski-ing, and sometimes even less.
Business Name and Registration
In the Khmer language, our company’s name is ‘Tykrong Prasat Real Estate Co. Ltd.’
Tykrong means City, and Prasat means Temple, so in English,
that translates to
‘ Temple City Real Estate Co. Ltd.’
Here is our business registration document, our ‘Certificate of Incorporation’
Cambodian Ministry of Commerce.