Urbanland partners with banks for faster loan processing and better payment plans

From left – A series of Memorandum of Understanding signing between Urbanland and J Trust Royal Bank, CIMB Bank and BRED Bank.

Phnom Penh, Cambodia, 19 July 2021 - Award-winning local real estate developer Urbanland, a member of ISI GROUP, has signed a series of Memorandum of Understandings (MoU) with BRED Bank, CIMB Bank, and J Trust Royal Bank respectively, for their latest residential borey project, Chankiri Palm Creek.

These partnerships will enable borey Chankiri homebuyers to enjoy the benefits of faster home loan processing and approvals, and special payment schemes. The joint effort will also allow customers to benefit from loan options of up to 70-80% of the house price, with competitive interest rates between 6.66% to 7.88% per year.

The MoU were signed in succession at Chankiri Sales Gallery between the CEO of Urbanland, Hok Kang, and respective bank partners’ representatives, namely, Mr. Toru Myochin, J Trust Royal Bank’s CEO; Mr. Hong Cheap, CIMB Bank’s Head of Commercial Banking and Acting Head of Consumer Banking; and Ms. Kunthea Meas, BRED Bank’s Head of Branch Network.

Located on National Road 2, just off Hun Sen Boulevard and near AEON 3, Chankiri Palm Creek is Urbanland’s highly anticipated foray into residential borey development which brings to life its people-centred design philosophy.

Chankiri Palm Creek demonstrates a new borey masterplan concept that has been designed to put people’s needs first. Findings from 2 years of people-centred research have been artfully and thoughtfully integrated into the design and master plan of borey Chankiri, resulting in homes and facilities that are aesthetically pleasing yet functional, nature and community-oriented, as well as different from the mainstream.

Commenting on these new partnerships, Urbanland’s CEO, Hok Kang, said, “We are pleased to have partnered with J Trust Royal Bank, CIMB Bank and BRED Bank. We believe in putting people at the heart of everything we do, so we are pleased to enable our customers at Chankiri Palm Creek to enjoy the benefit of competitive and flexible financing provided by our partner banks.”

Borey Chankiri Palm Creek has proven popular, with 80% sold since its sales launch on 22 May. Prospective homebuyers are welcome to visit the model show homes or contact the sales team on 061 888 580 for more information about the development, payment options, and loans.

Villa Udom at Chankiri Showroom. 

With award-winning developments like Raintree and Embassy Central in Phnom Penh and Treeline Urban Resort in Siem Reap successfully delivered since the company was founded in 2013, Urbanland has raised the bar even higher with Chankiri Palm Creek. The project encapsulates their vision to transform the way people live in Cambodia by putting people at the heart of everything they do.

Chankiri Palm Creek is expected to be completed in 2023. More information about Chankiri Palm Creek is available on the Urbanland website [https://urbanlandasia.com/projects/chankiri-palm-creek] or call 061 888 580 to book an appointment to visit their show homes. Page Break

About Urbanland

Urbanland is a Cambodian company creating inspirational spaces for people to live, work and play in, with absolute attention to quality, durability and craftsmanship. Founded in 2013 by architect Hok Kang, Urbanland believes that putting people at the heart of everything they do enriches people’s quality of life and creates a healthy environment.

Urbanland is a member of ISI Group, a home-grown corporation with more than 22 years’ experience in building materials and construction sectors. Urbanland has earned a name for itself as a design-focused developer driven by people-centred principles, as can be seen in its award-winning developments of Raintree (commercial offices), Embassy Residences and Embassy Central (high-end condominiums), Siem Reap’s first premium art & design hotel Treeline Urban Resort, and KMH Park masterplan development on Veng Sreng, a mixed-use business and lifestyle hub with office, retail, residential, parks and green spaces.

Urbanland’s latest major residential project, Chankiri Palm Creek, is yet another milestone project that will create a positive impact on the landed property sector in Cambodia.