Phnom Penh, Cambodia – 18 February 2025 – Borey Chankiri, developed by Urbanland, celebrated the signing of a Memorandum of Understanding (MoU) with MB (Cambodia) Bank Plc, a leading subsidiary bank of MB Bank, which received a fully functional banking license from the National Bank of Cambodia in January 2023.
The MoU ceremony was officially held in the presence of Ms. Kem Sithen, Sales Director of Borey Chankiri, and a representative of Urbanland, and Mr. Phirom Him, Chief Retail Banking Officer of MBCambodia, and other members of the management team.
During this MoU event, Ms. Kem Sithen remarked, “With a shared vision to meet customer satisfaction and the evolving needs of homebuyers, Borey Chankiri and MBCambodia are committed to provide enhanced home purchase options, expert consultations, and seamless services—ensuring a smooth and rewarding process that helps customers achieve their dream of owning a quality home at Borey Chankiri and Chankiri Shophouse.”
Mr. Him Phirom, stated that, “This memorandum of understanding between MBCambodia with Borey Chankiri showcases the commitment of MBCambodia with top-tier real estate developer in Cambodia to provide a convenient financial solution to customers who are looking to purchase a new house. The customers of Borey Chankiri will be assisted to access for Home Loan with a very special interest rate at only 4.90% per annum for the 1st and 2nd year with grace period on principal up to 2 years.”
Under this partnership, all customers of Borey Chankiri will receive a 𝟰.𝟵𝟬% low interest rate for the 1st and 2nd year and up to 𝟴𝟬% home purchase loans over 𝟯𝟬 years, including a grace period on principal up to 𝟮𝟰 months. MBCambodia has joined the list of Borey Chankiri's trusted bank partners, which includes BRIDGE Bank, BRED Bank, J Trust Royal Bank, CIMB Cambodia, Sathapana Bank, BOC (Bank of China), and UCB (Union Commercial Bank) in offering swift home loan processing and approval to customers.
This new partnership demonstrates the collaborative effort to support customers in their home-purchasing and in creating a customer-friendly journey for those seeking affordable and quality homes.
Borey Chankiri is located at Phnom Penh's most expanding southern part of the city on National Road 2 and only 10 minutes away from AEON MALL Mean Chey. Now with only a 10% down payment, customers can move in immediately. Currently, home to 300+ families, Borey Chankiri is designed for better living, offering a community life connected to nature.
About Borey Chankiri
Borey Chankiri is the residential borey development by Urbanland, which puts people at the heart of every design. After 2 years of extensive research to gain deep insights into the hopes and dreams of Cambodian homeowners, Borey Chankiri set out to create a community that enables Phnom Penh's most aspirational residents to live and thrive in. Located on National Road 2, 10 minutes from Aeon Mall Mean Chey, and 15 minutes from Techo International Airport, Borey Chankiri is also adjacent to K Mall Prek Thnaot, a vibrant hub of commercial activities with the first phase to be operated in mid-2025.