HLH to foray into Cambodian property

Singapore-listed HLH Group Limited is making its property debut in the Cambodian market after the success of its agri-investment division in the country.

The property developer and agricultural firm recently launched CAMHOMES, a new brand that will focus on providing high quality and affordable homes in Cambodia, which is experiencing strong demand for housing as the economy continues to grow.

HLH has an extensive record of building public housing blocks in Singapore, and will focus on projects that are modelled after the Build-to-Order (BTO) sales policy where prospective buyers register their interest in advance.

Its first project will be a freehold mixed development in the coastal city of Sihanoukville, comprising an executive condominium and commercial units that is set to launch in the second half of 2015.

The group will initially work on residential projects in the cities of Phnom Penh, Siem Reap and Sihanoukville before moving into other commercial and industrial projects and in other provinces when demand arises.

We see enormous growth potential for emerging countries such as Cambodia, which has a very large, young, vibrant and upwardly-mobile population. We are therefore keen to focus on developing quality housing for middle-income Cambodian families, said Dato Johnny Ong, HLHs Deputy Chairman and CEO.

This is HLHs first step towards the expansion of its property development efforts in the region.

Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg

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