WHILE there may be some work ahead to get the property market fully back on track, one Phnom Penh company is providing positive successful results, and is confident of the market’s future and recovery, and is expanding its sphere of operations.
VTRUST Property Co Ltd is one of the leading real estate companies in Phnom Penh with its head-office in Parkway Square on Mao Tse Tung Boulevard and mainly focuses on serviced apartments and serviced office space.
This group is seeing the benefits of a commitment to the property market
It currently has three apartment buildings in the city that provide nearly 60 serviced apartment units to suit different needs, including studio rooms and 1-3 bedroom apartments, hosting nationals from around the world from Asia to Africa, Europe and Australia.
In the area of the city’s office space market the company currently serves nearly 40 local as well as international companies and in a couple of weeks will complete its second Office Centre (MTP) located on Street 109 providing more than 2000 sq m of extra office space for rent, nearly half of which has already been booked. Seeing the start of the recovery of the real estate market in Cambodia, the company is currently processing a number of other projects involving purchasing new apartment buildings in Phnom Penh as well as expanding its operations by looking at setting up a property valuation department at the beginning of 2011.
While others may see some uncertainty still in the market before a full recovery, VTRUST is one company which is already seeing the benefits and continued success of its commitment to the property market.
Check ou the VTRUST website at: www.vtrustproperty.com