Phnom Penh, June 26 - Shortly after announcing its entry into the Cambodian market, property developer Camhomes set prospective home-buyers buzzing by releasing the first details of the company’s plan to bring high-quality, affordable housing to the Kingdom.
Part of the Public Housing Development (Cambodia) Ltd. under the HLH Group, Camhomes will focus on providing homes for the middle-income market.
This week, the company offered a tantalising glimpse of the kind of high-quality developments they intend to build at sites in Phnom Penh, Sihanoukville and other Cambodian cities.
Camhomes buyers will be able to choose between two different styles of housing – Prime Apartment and Executive Condominium.
Prime Apartments represent the standard of comfort that Camhomes intend to offer.
They will feature a garden and children’s playground, as well as security benefits like security guards, car parking and linkways connecting each housing block.
Executive Condominium are designed for buyers who want to get a little more out of their home.
While both types of development will be designed and built to the same high standard of quality, Executive Condominium will have additional amenities like swimming pools and gyms that residents can take advantage of.
The level of facilities on offer has sparked a wave of interest from local buyers.
“I’d love to have a garden. The weather here is so nice, it would be great to have some outside space to relax in,” said Hak Chansy, an education and training manager from Phnom Penh.
“My children would love the play park and the swimming pool.
They could play there while staying safe at home, and I wouldn’t have to worry about them,” said mother-of-two Song Chhorvy.
“Both types of housing will provide the kind of high-quality, affordable housing and top-class facilities that will help Cambodian families achieve their dream of owning a home,” said Dato Dr Johnny Ong, founder and CEO of Public Housing Development (Cambodia) Ltd.
Camhomes also unveiled the company facebook page this week.
By establishing an online presence, the company hopes to reach out to potential customers and provide information on upcoming projects.
“What we’re doing here – providing affordable housing for the middle-income market is new, and has never been done in Cambodia before.
So it’s important for us to reach out to people and make them aware,” said Dato Dr Johnny Ong.
Dr Ong also emphasized the benefits of buying a home over simply renting one.
Despite the bigger initial outlay, studies have found that those who buy pay significantly less in the long term.
In addition, buying a house is an investment and can be an important way of saving money for the future.
A 2013 survey by the Guardian newspaper found that more than 50 per cent of respondents in the UK planned to sell their home when they stopped working and use the money to fund their retirement.
“When you rent a house, you are essentially just giving money away.
By owning a property, that money becomes an asset that you can use in the future,” said Dato Dr Johnny Ong.
Potential buyers who are interested in finding out more about Camhomes’ exciting developments can stay up-to-date on the latest news by liking the company on facebook.