Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - CPL inks deal with South Korean firm

CPL inks deal with South Korean firm

CPL inks deal with South Korean firm

A LOCAL real-estate company has found a South Korean partner to capitalise on the Kingdom’s burgeoning property market, officials said yesterday.

Cambodia Properties Limited and South Korea’s Pacific Appraisal Co, a consultation and real-estate valuation firm, have signed an alliance agreement in which the two companies will work together to keep up with the sector’s latest developments.

Pacific Appraisal Chief Executive Officer Lee Sang-koo noted Cambodia’s status as a developing country and the opportunities inherent in doing business here.

“We are very interested to do business in Cambodia’s real-estate sector as it’s very popular among investors,” he said.

“We hope that we can work well [with CPL] and grow our businesses,” said Lee Sang-koo.

CPL’s Managing Director, Cheng Kheng, said he was excited about the partnership, saying Pacific Appraisal was a top firm in its field.

“This is our first big company-to-company agreement. We’re confident in them and our chances for success in the future,” he said.

Transactions in property market in the first quarter were up over last year, Cheng Kheng said.

“Our business was good for the first three months of this year. We closed many deals with investors from Vietnam, Philippine, Malaysia and especially South Korea,” he said, adding that the investors were interested in land development for food and beverage processing plants.


  • Kak Channthy, Cambodian Space Project frontwoman, killed in crash at 38 [Updated]

    Updated 5:05pm, Tuesday, March 20, 2018 Kak Channthy, frontwoman of popular The Cambodian Space Project, was killed Tuesday morning in a traffic accident in Phnom Penh. She was 38. Channthy, the internationally recognised singer-songwriter also known as “Srey Thy”, was reportedly travelling in a tuk-tuk on the city's

  • Australians protest Asean summit visit by PM Hun Sen

    Hundreds of protesters gathered in Sydney’s Hyde Park on Friday to protest against Cambodian strongman Hun Sen, who claimed to have been gifted millions of dollars by the Australian government ahead of a special Asean summit this weekend. An estimated 300 protesters, the majority of

  • Phnom Penh smothered in smelly, dangerous haze as landfill fire continues burning

    A putrid haze that has bedeviled Phnom Penh since Monday night will likely continue as a landfill in Dangkao district continued to burn on Friday, creating health risks for the capital's residents. Workers at the Dangkao landfill on site on Friday attributed the fire, which

  • Australian police investigating death threat against Kem Ley's widow

    Australian authorities on Thursday confirmed they have launched an investigation into a crudely written death threat sent to the family of slain political analyst Kem Ley and Victoria state MP Hong Lim. The typed letter, reported to Victoria Police last week, appears to be written