Camhomes introduces Singapore housing model to help more Cambodians become homeowners

Content image - Phnom Penh Post

Camhomes introduces Singapore housing model to help more Cambodians become homeowners

Singapore’s world-famous public housing system provides affordable homes for more than 80 per cent of the country’s population. The system gives everyone the chance to achieve their dream of home ownership, something Singaporean developer HLH Group Ltd is looking to replicate in Cambodia with the Camhomes brand.

Camhomes, owned by Public Housing Development (Cambodia) Ltd, will officially open to the public on Sept 26, offering high-quality, affordable housing at upcoming developments in Phnom Penh, Sihanoukville and other major cities.

The company wants to give more people the chance to own their own home by introducing Singapore’s innovative queue system to the Cambodian market.

In Singapore, people are given the chance to register for housing projects in advance. When a new development is announced, prospective buyers apply for a queue number on a first-come, first-served basis.

Later, the first person in the queue gets first pick of the available apartments, followed by the second person in the queue and so on until all available units have been allocated.

“This system ensures that homes go to real people who really need them. Once you secure your place in the queue, you can relax. You don’t need to worry that some big developer is going to swoop in and snap up all the available units,” said Mr Calvin Loh, Chief Financial Officer of HLH Group.

With Camhomes, applicants will be invited to complete a simple four-step process:

Step 1: Join the Queue
Camhomes will invite prospective applicants to visit their sales office in Phnom Penh. There, they will be given a queue number and an application form to fill out. This will put them in line to be one of the first to own a Camhomes property.

Step 2: The Approval Process
Camhomes will carry out interviews and provide advice to help recommend the best type of property to suit each applicant according to their needs and budget, before submitting the application to the banks for housing loan eligibility.

Step 3: Interview and Consolidation
Camhomes will invite successful applicants back to the sales office on a ‘first-come, first-served’ basis based on their queue number and allow them to choose between the many different housing solutions on offer.

Step 4: Moving In
With the approval process completed, applicants can relax in the knowledge that they have secured a Camhomes’ property. They will be able to watch with anticipation as their new home takes shape.

People who join the queue will also be in line for a variety of other exciting benefits, including entry into a lucky draw and the chance to win one of a number of attractive prizes.

While the official launch is still a few weeks away, interested applicants can now contact the sales team on 023 98 58 28, on Facebook or via the website www.mycamhomes.com to find out more and join the queue.

Those looking to learn more about the Singapore housing system and how to queue for a Camhomes property, can also visit www.mycamhomes.com to access helpful resources and videos.

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