De Castle Royal to be completed by 2014

8 February 2013
The Phnom Penh Post
Economy and commerce / Industries / Land / Manufacturing / Real estate
Boeung Keng Kang / Bonna Realty Group / Canadia Bank / Chamkamorn district / condo market / De Castle Royal / De Castle Royal condo / De Castle Royal Condominium project / Dragon Real Estate Company / Eom Jae-yoon / Long Sopheak / Nuri D&C Company

The De Castle Royal Condominium project, which has been on hold for some time, has announced that it will go back on the market after gaining $28 million in loans from Canadia Bank, which will allow for the completion of the 32-storey-building. The general manager of the development division of Nuri D&C Company and the owner of the De Castle Royal condo, Eom Jae-yoon, said that the building with 36 storeys, including four underground, was completely built, but its interior still needs to be finished. ... “Additionally, our company partnered with Canadia Bank to allow customers installment options with a 10 per cent interest rate per year over 15 years.” ... Yem Chivoan, general manager of Dragon Real Estate Company, said that the condo market is climbing because the number of foreign customers has increased. He expects condo purchases to increase 10 to 20 per cent in 2013 compared with 2012. ...

http://www.phnompenhpost.com/2013020761213/Real-Estate/de-castle-royal-to-be-completed-by-2014.html