The partnership was signed on 12 February 2025 at the Company's headquarters in Phnom Penh under the chairmanship of His Excellency Duke Ly Hoa, Chairman of the Board of Directors of Ly Hur Group, Duke Ly Soshan, Duke Ly Sophari, Shareholder Representative of Phnom Penh, Mr. Chai Tin Chiang, Shareholder Representative of Phnom Penh, Mr. Long Sothea, Chief Executive Officer of Phnom Penh, Mr. Lee Jin Young, Chief Executive Officer of PPCBank, Mr. Nyak Kimsoy, Senior Deputy Executive Officer of PPCBank, and many other distinguished guests. To provide new opportunities for home ownership to the Cambodian people through providing on-demand home loan solutions for the purchase of those properties in the development projects of Bori Palace Phnom Penh.
Special offers for home buyers include credit up to 80% of the property value with loan repayment terms of up to 30 years.
What's even more special is that PPCBank will also cover the transfer fee of customers' property certificates in Projects 12 and 15, allowing customers to become homeowners more easily than ever for individuals and families who are looking to buy their first home or find a new, better property.
Many other convenient conditions have also been prepared to make the dream of becoming a homeowner achievable for every customer.
The partnership between PPCBank and Bori Palace Phnom Penh is made to provide homebuyers with an unprecedented level of flexibility in their financing options by providing quick and easy loan approval.
Mr. Lee Jin Young, Chief Executive Officer of PPCBank, expressed his excitement at the new partnership.
He said: "At PPCBank, we believe that homeownership is an important event for both individuals and families, and we are highly committed to supporting our customers at every step of the journey."
He added: "By offering flexible lending options, we are making it easier for Cambodians to become homeowners who will secure a future for their families.
It should be noted that PPCBank's excellent loan package will enable Phnom Penh Palace customers to get credit quickly and easily, with a focus on removing many common obstacles that first-time home buyers often encounter.
With a combination of low interest rates, long repayment periods, and a hassle-free loan application journey, PPCBank and Phnom Penh Palace are working together to eliminate barriers to getting home loans, which often prevent homeowners from getting them.
Phnom Penh Palace also expressed its appreciation for the collaboration, underlining how the new partnership will benefit homebuyers.
Duke Le Hour, Chairman of the Board of Directors of Ly Hur Group, said: "Our partnership with PPCBank provides a unique opportunity for Cambodians to fulfill their dream of owning a home. is to empower customers to take control of their future by providing them with the means they need to become homeowners."
Both institutions recognize the importance of becoming a homeowner more accessible to Cambodians, especially first-time homebuyers, who often face many major challenges when trying to find credit to buy their homes.
Through this strategic partnership, PPCBank and Bori Palace Phnom Penh aim to close the homelessness gap in Cambodia by providing solutions that help more people become homeowners, achieve long-term financial security, and be satisfied with this achievement.
In addition to providing flexible home loan options, the two institutions also focus on assisting customers in the entire process, from loan application to property purchase.
The collaboration aims to provide not only financial support but also expert guidance that makes it easy for you to buy a home as you navigate the complex journey of becoming a homeowner.
For Phnom Penh, this partnership is a step towards fulfilling its mission of building strong communities and ensuring that every Cambodian has access to safe, comfortable, and affordable housing.
For more information about Bori Palace Phnom Penh, customers can visit the sales office of Bori Palace Phnom Penh or contact us at 093 509 299 / 089 786 883.
For more information on applying for a home loan through PPCBank, customers can visit any PPCBank branch or contact the Bank at 096 3 909 909 / 023 909 909៕
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