Kim Heang elected new president of CVEA

Content image - Phnom Penh Post
Members of CVEA counting ballots for the new president. PHOTO SUPPLIED

Kim Heang elected new president of CVEA

Along with the new president, CVEA prepares for the ASEAN Valuers Association meeting

After a period of inactivity, Cambodian Valuers and Estate Agents Association (CVEA) held an election for a new president. When the final results were tallied, Kim Heang, CEO of Khmer Real Estate, won the presidency.

Running against four candidates, Heang garnered a total of 18 votes while the nearest competitor, Cheng Kheng, CEO of CPL Real Estate, had 10 votes cast in his favor.

When the election results were publically announced last Friday, Heang said he plans to lead the association to the next level of professionalism. One of his primary goals, he said, was to “erase the discrimination towards small companies versus larger companies.”

During his mandate, he also pledged to develop a real estate training centre and actively promote the benefits of CVEA membership.

“What I say, I will do,” he said. “I will succeed in bringing value and fame to this association. I will not invite other companies to join us, but I will show them what benefits they will get by becoming a part of [our team].”

Content image - Phnom Penh Post
Kim Heang has new plans for CVEA. PHOTO SUPPLIED

While Heang’s mandate will only last for a year and half due to the fact that his predecessor, Sok Bun, resigned from the position after only serving six months amidst the international scandal that lead to his arrest after he was caught on camera savagely beating former television presenter Ek Socheata, Heang looked forward to the opportunity to strengthen the organization ahead of the chairmanship for the 19th Congress of the ASEAN Valuers Association (AVA) to be held in Phnom Penh in June of 2016.

Heang said that the Congress, which brought in more than 200 regional delegates to Vietnam earlier this year, would both directly and indirectly benefit Cambodia.

For direct benefits the Congress provides a chance for investors to learn more about the Kingdom’s property market, thus attracting further investment, he said. In terms of indirect benefits, the meeting would boost the tourism and hospitality sector with an anticipated 300 to 400 delegates attending the meeting. Cambodia became a member of AVA in 2009.

Mey Vann, director of the Department of Industrial Finance at the Ministry of Economy and Finance, congratulated Heang on his victory and wished for all the members of CVEA to work to together to strengthen the sector “because this association is an important force of the Royal Government in helping this sector grow.”


  • Government set to slash holidays

    The private sector has welcomed the government’s move to reduce the number of public holidays in the in the Kingdom – known for having the most public holidays in the world – by seven days. However, the government had just added the “Day of Remembrance” on

  • ‘Kingdom lacks up to 400MW in available electricity’

    Prime Minister Hun Sen has called on the general public, hoteliers and businesspeople with generators to use them as back-up as the Electricity Authority of Cambodia cannot generate enough electricity to meet needs due to low water levels in power station reservoirs. On Saturday evening

  • Sor Chandeth defends his criticism of Hun Sen

    Former senator Sor Chandeth has defended his choice of words when criticising Hun Sen, saying he was merely speaking metaphorically to attack the Prime Minister’s political life, not his actual person, as the latter seeks damages. [img] Chandeth spoke to The Post on Thursday,

  • South Korea’s Moon arrives in Kingdom for state visit

    South Korean president Moon Jae-in and his wife arrived in Phnom Penh on Thursday at the start of a three-day state visit to Cambodia to strengthen ties and further the friendship between the two countries. After arriving at the Phnom Penh International Airport in the