Memorandum of understanding on property financing
Between US-based real estate firm Century 21 (Cambodia) and BRED Bank Cambodia
Thursday, 28th January 2021 | Raffle Hotel Le Royal
US-based real estate firm Century 21 Cambodia has signed a Memorandum of Understanding (MOU) with BRED Bank Cambodia, appointing the bank as its finance partner for properties that are exclusively promoted by the Century 21 Cambodia Network.
The Memorandum of Understanding was signed by Century 21 Cambodia’s Chief Operation Officer, Mr. Seraj Sutton and BRED Bank Cambodia’s Chief Executive Officer, Mr. Guillaume Perdon.
Seraj Sutton said he is delighted to partner with BRED Bank Cambodia, which is part of the global financial group, BRED Banque Populaire and became the first European bank to operate in Cambodia in 2017.
“I believe this collaboration will play a strong role in creating better opportunities for customers and investors while enabling more Cambodian people to buy their dream properties,” he said. “Our customers won’t just enjoy their new home ownership, they’ll also benefit from the competitive and flexible financing provided by BRED Bank Cambodia.”
Guillaume Perdon echoed Mr. Sutton’s sentiments: “We’re delighted to have reached this understanding with Century 21 Cambodia. BRED Bank Cambodia has made a strong commitment to support the Cambodian property market. Not only do we offer the highest international banking standards, we’re confident that our home loans represent the best value in the Kingdom. We look forward to a long and exciting partnership with Century 21.”
Century 21 Cambodia is the exclusive sales agent for many of the finest development projects in Cambodia including the FOREST HARMONY, GOLF HARMONY, RESIDENCE HARMONY, LAGOON HARMONY and LIVING HARMONY projects as well as the European Design Luxury Holiday Villas and Condominiums which are being developed at Prey Thnang commune of Teuk Chhou district, some 18 km from Kampot town.
In October last year, Forest Harmony Co Ltd., announced the soft launch of ‘Golf Harmony’ which is the second phase of its successful Forest Harmony.