New president of estate agents association Cheng Kheng (L). Photograph supplied

Cheng Kheng, director of the CPL real estate company, has been elected to be president of the Cambodian Valuers and Estate Agents Association in 2013, after Sung Bonna, director of the Bonna Realty Group, ended his 2012 term.

The association, founded in 2008 by Sung Bonna, started with seven companies as members and now has 22 members. The president is elected for two years, and can serve two terms.

Members of the Cambodian Valuers and Estate Agents Association voted him to be president because they understand his capacity to lead progress, Kheng said.

“I have an obligation to lead the Cambodian Valuers and Estate Agents Association to be well-known and a good partner with government to boost real estate in the future,” he said.

Real estate in Cambodia is currently well operated from day to day because most estate agents and owners understand the sector, he said.

“I’m very proud that association members supported me to be president for the third term. I pledge that I will do my best for the association, especially to strengthen the quality, value and transparency for all members,” new president said.

“I will conciliate between members and work together for joint profits. I don’t want to see competition without transparency, because market segments could be lost. This term, I will establish regulations related to real estate, strengthen standards and values, respect the professional ethics, and create training courses for members,” he said.

Noun Rithy, general manager of the Bonna Realty Group, said that the perspective of development will be changed whenever a new leader is appointed; the leadership of president Sung Bonna’s two terms focused on training, while Cheng Kheng promised to lead it to be well-known in local and international terms.

“This term differentiates that active members’ positions and duties that were clearly determined as well as those of supporting members. Whoever is president, deputy and members are not important to me, but the important thing is that the association serves for the joint advantage to society and make it offer values and professional service that can compete with other countries when ASEAN’s single market comes into force in 2015,” he said.

To contact the reporter on this story: Seun Son at [email protected]