Login Register

Logo of Phnom Penh Post newspaper Phnom Penh Post - Singapore’s HLH lends a hand in real estate

Singapore’s HLH lends a hand in real estate

| Publication date 02 November 2018 | 09:27 ICT

Singapore’s HLH lends a hand in real estate

The Kith Meng-owned Royal Group on Thursday signed a joint venture agreement with Singaporean-based HLH Development Pte Ltd to construct a 12-storey commercial and residential building in the capital.

The 8,221sqm project is located in Boeung Kak II, Tuol Kork district. Construction is said to start in the next three months and be completed in early 2021.

Royal Group owns the land, while HLH Development Pte Ltd is responsible for selling the building once it is completed. The project value was not revealed.

Group chief financial officer for Royal Group, Hanna Mark, said this is the first time his company is partnering with HLH Development Pte Ltd, which had been developing the D’Seaview project in Preah Sihanouk province.

“The success of this project, together with their 30-year building experience in Singapore, is the reason Royal Group selected HLH Development Pte Ltd as a partner,” he said.

The real estate sector in Tuol Kork district is growing very fast. A study by Real Estate Co Ltd said land price in the area is about $2,500 per square metre.

Contact author: Hin Pisei

MOST VIEWED

  • Wing Bank opens new branch in front of Orkide The Royal along Street 2004

    Wing Bank celebrates first anniversary as commercial bank with launch of brand-new branch. One year since officially launching with a commercial banking licence, Wing Bank on March 14 launched a new branch in front of Orkide The Royal along Street 2004. The launch was presided over by

  • Girl from Stung Meanchey dump now college grad living in Australia

    After finishing her foundational studies at Trinity College and earning a Bachelor’s degree from the University of Melbourne in 2022, Ron Sophy, a girl who once lived at the Stung Meanchey garbage dump and scavenged for things to sell, is now working at a private

  • Ministry using ChatGPT AI to ‘ease workload’; Khmer version planned

    The Digital Government Committee is planning to make a Khmer language version of popular artificial intelligence (AI) technology ChatGPT available to the public in the near future, following extensive testing. On March 9, the Ministry of Post and Telecommunications revealed that it has been using the

  • Ministry orders all schools, public and private, to close for SEA Games

    From April 20 to May 18, all public and private educational institutions will be closed to maintain order and support Cambodia's hosting of the 32nd SEA Games and 12th ASEAN Para Games, said a directive from the Ministry of Education, Youth and Sport. Cambodia will host the

  • Wat Phnom hornbills attract tourists, locals

    Thanks to the arrival of a friendly flock of great hornbills, Hour Rithy, a former aviculturist – or raiser of birds – in Kratie province turned Phnom Penh tuk tuk driver, has seen a partial return to his former profession. He has become something of a guide

  • Almost 9K tourists see equinox sunrise at Angkor Wat

    Nearly 9,000 visitors – including 2,226 international tourists – gathered at Angkor Wat on March 21 to view the spring equinox sunrise, according to a senior official of the Siem Reap provinical tourism department. Ngov Seng Kak, director of the department, said a total of 8,726 people visited Angkor Wat to

Related articles