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Sunday, June 17, 2018

CEO of Borey Peng Huoth: Borey market will continue rising in long run

When it comes to Boreys in Cambodia, everyone knows Borey Peng Huoth is built with international standards and has received an enormous amount of support from local and international customers.
With its success, Borey Peng Huoth is moving confidently into the future. How is the company advancing and what are the strategies behind their success? Siv Meng, a reporter for Post Property and the Phnom Penh Post, met with Oknha Thai Mengly, CEO of the Borey Peng Huoth Group, to discuss his achievements and his vision.

When did you start investing in this Borey? How did you start?
I started on this project in 2005, because at that time, Cambodia did not have any beautiful Boreys and only had flats and personal villas. When we travelled overseas many times, we studied Boreys in other countries and started Borey Peng Huoth, our first, on Street 598.
After the first project, we started another on National Road 1, where the size of land was larger and we were able to secure the rights to 20 square kilometers. We have started many other projects.
The design of our Borey focuses on green spaces with big trees. 45% of the land on each of our Boreys is planted with trees and gardens.
Since the beginning, how many houses have you built and sold?
We have sold about 10,000 houses, with most coming from the project along National Road 1. This project is the biggest and consists of 7,000-8,000 houses which have already been sold. This can be called a satellite city.

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