With a stock market hovering around three year lows, Cambodian investors have been looking at landed properties for a better return on their investments. Developers have been taking advantage, launching 22 new landed projects in the third quarter of this year, with three completed, according to real estate company CBRE Cambodia.
Local developer Urbanland is hoping to cash in on the borey boom grabbing gold for its gated community in the 2021 PropertyGuru Cambodia Property Awards. It took home seven awards for Chankiri Palm Creek on Phnom Penh’s National Road 2, Best Developer, Best Housing Development in Cambodia, Best Housing Development in Phnom Penh, Best Housing Architectural Design, Best Housing Landscape Architectural Design, Special Recognition in Environment, Corporate and Social Governance and Special Recognition in Sustainable Design and Construction.
“It is indeed a privilege for me to work on a dream project such as this alongside some of the most talented and hardworking individuals in Cambodia,” said Urbanland founder and Chief Executive Officer Hok Kang. “We are certainly on the right track on this exciting journey of designing and building a better living for the many.”
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