New condominium launched
A new real estate joint venture between local Sonatra Group and Japan’s Grand Corp launched a $6.5 million condominium project in BKK1 yesterday. The 26-storey tower, with 50 units, will be built with high-quality, energy-saving Japanese equipment, according to the new firm’s chief executive, Jun Takeguchi. … This project marks increased investment in Cambodia from Japanese companies in the wake of high emotions over disputed islands with China. … Established with an initial capital of $100,000, Sonatra Grand Realty is a joint venture between Sorn Sokna, chairman of Sonatra Group, which holds a 51 per cent stake, and Susumu Hayashi, chairman of Grand Corp, with 49 per cent of the company.
