New CVEA President Announced

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Mr. Kim Heang, CEO of Khmer Real Estate Co., Ltd, was awarded the honor of becoming the President of the Cambodian Valuers and Real Estate Agents Association (CVEA) at the presidential elections held at the Cambodiana Hotel last Friday, 25th of September.  Kim has over 12 years experience in the Cambodian real estate industry, and has demonstrated leadership in several roles - the foremost being his position as CEO at Khmer Real Estate.  In his presidential pitch, Mr. Heang presented the members of the CVEA with promises for the direction of the Association under his leadership. "Firstly," said Heang, "I will gain the trust of the members and the general public and will set a goal for the organization which I can achieve during my term as President." Mr. Heang's promises included reaching out to sponsorship of the CVEA through various levels of membership. The majority of these sponsors will be Real Estate Developers, Construction Companies and Banks. Heang vowed to all members to see the CVEA, "work with the Ministry of Economic and Finance, or State University, in bringing an International School into Phnom Penh for a Real Estate and Valuation focused curriculum." Further, Heang wishes to see valuation services standardized in regards to price and quality: "We need to make the minimum charge at $170 per valuation report, as of January 2016, and increase this minimum rate to $200 per report, by January 2017." Realestate.com.kh wishes Mr Kim Heang the best of luck in bringing these initiatives to reality - and hopes the CVEA can continue to provide support for the real estate community.