Hong Lai Huat to Sell Up To US$50m Worth of D’Seaview Units in Cambodia

• 4 May 2022
• Local News
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Hong Lai Huat, on 4 May, announced that it has entered into a term sheet with Fabi Capital, where it will grant the latter the right to purchase up to US$50 million worth of residential and commercial units in D’Seaview.

D’Seaview is the company’s upscale mixed-use development project located in Cambodia’s Sihanoukville province. It comprises 737 residential units and 67 commercial units and sits on 9,818 sqm of land, The Edge Singapore reported on 4 May.

The term sheet was entered into by Hong Lai Huat’s wholly-owned subsidiary, PH One Development (Cambodia), on 3 May and is expected to last through to December 2031.

“Partnering with Fabi Capital is an exciting opportunity that allows us to firmly establish an additional sales channel for D’Seaview. The group will continue to explore viable development projects and expand our property portfolio,” says Ong Jia Jing, Group General Manager and Executive Director of Hong Lai Huat.

 

 

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