On 17 of May 2023, RoseMarvel Property Development Co., Ltd. and BIC Trust Co., Ltd. signed a Memorandum of Understanding (MOU) that facilitate foreign clients to invest in Mean Chey Residences Project with trustee service provided by BIC Trust.
In the Ceremony, Dr. Simon David Vancliff, Chief Operating Officer of RoseMarvel Property Development Co., Ltd., stated that he hopes that this momentous day can kick start a fruitful cooperation between Mean Chey Residences (RoseMarvel) and BIC Trust, providing foreigners BIC Trust’s trustee service and opening Mean Chey Residences to potential foreign buyers.
The CEO of BIC Trust, Ms. Seavhorng THIV also made her comments, stating that BIC Trust is excited of the future collaboration of both Companies. The Cambodian trust industry is newly introduced concept to the market. She further elaborated that BIC Trust is one of the top Trust Company in Cambodia and plays a leading in the trust industry.
After the event, Mean Chey Residences team and BIC Trust team visited Mean Chey Residences’ Sales of Gallery next to AEON 3.
Mean Chey Residences by RoseMarvel Property Development is a new modern contemporary luxury residential project situated in Phnom Penh’s highest potential area. The project is now officially open for sale to potential homebuyers who are seeking for a unique perspective on luxury living in Phnom Penh City.
The project’s first Grand Sales Event – presided over by H.E. Dr. Hun Manet and hosted by Okhna Lim Rose and Lok Chumteav Oknha Sothy Monica, the Chairman and Chairwoman of RoseMarvel Property Development – was held on February 17.
“Congratulations to the Mean Chey Residences project on this achievement, one stemming from the ability, determined efforts, sound judgement and responsibility of the company’s management and staff as Cambodia recovers from the Covid-19 crisis with vigour.
“The reopening of the country has allowed Cambodia to grow again, with the Ministry of Economy and Finance forecasting the economy to have grown by 5.2 per cent in 2022 and set to grow 5.6 per cent in 2023.
“With projections showing that Cambodia is on track for growth enjoyed before the Covid-19 crisis struck, the real estate sector continues to play an important role in driving the Kingdom’s economic growth.
“And the growth of real estate reflects the improvements experienced in Cambodian people’s lives, especially the increase in the middle-income population. I therefore believe that the Mean Chey Residences project will receive strong support from the people,” H.E. Dr. Hun Manet said.
Mean Chey Residences is a nearly 20-hectare residential development situated along Hun Sen Boulevard, commonly referred to as 60M Street.
“With high quality design and the latest technology, Mean Chey Residences is to provide luxurious, modern living to ensure residents of all ages are comfortable and contented – for the present and into the future.
“The project’s master plan was designed by a foreign architectural firm with many years of experience, while construction is being carried out by a well respected local company.
“Mean Chey Residences will offer 24-hour security, large parks, children’s playgrounds, wide roads and sidewalks, all set alongside colourful flower gardens, with a focus on utilising the best modern design methods to provide a refined and enriching environment,” said Lok Chumteav Oknha Monica.