Prince Real Estate Signs with Leading Insurance Broker, Making Real Estate an Accessible, Secure & Convenient ‘Lifestyle’ Proposition

[Phnom Penh, 1st August 2022] Prince Real Estate, a unit of Prince Holding Group, has signed a Memorandum of Understanding (MoU) with Less Solutions, a leading insurance broker that has the license to market insurance products offered by sixteen top insurers in Cambodia such as CB Insurance (CB Insurance is a unit of Prince  Group), AIA (Cambodia), Prudential (Cambodia), Forte (Cambodia) etc. As a result, a range of insurance products will now be available to buyers (and tenants) of real estate units developed by Prince Real Estate enhancing long-term value. With the three unique selling points of being the ‘most accessible, most secure and most convenient’ real estate firm in Cambodia, Prince Real Estate aims to make real estate investments a ‘lifestyle’ choice for a growing pool of Cambodian and international buyers.

Founded in 2015, Prince Real Estate is a leading real estate developer in Cambodia, having completed six projects in Phnom Penh and Sihanoukville with an area of more than 20 million square meters developed. With a land reserve of more than 12 million square meters across Cambodia, Prince Real Estate will continue to develop modern homes, modern malls and modern offices for an emerging Cambodian middle class and discerning international buyers.

With products that often lead to a ‘lifestyle’ upgrade for its commercial and residential customers, Prince Real Estate aims to offer:

·         Accessible financing – Local and foreign buyers can secure up to 100% mortgage financing via Prince Bank, one of Cambodia’s leading digital-first banks

·         Secure purchases - A range of complimentary insurance solutions will now come bundled with purchases (for example, home purchases come with free fire and home insurance) through the partnership with Less Solutions

·         Convenient services – Customers can also benefit from a range of ancillary services offered by related business units at competitive rates such as security services, property management services and leasing services

Edward Lee, CEO of Prince Real Estate said by reducing barriers to urban real estate purchases, Prince Real Estate aims to make real estate investment a part of the modern Cambodian lifestyle. “Offering the ‘most accessible, most secure and most convenient’ solutions in the market, Prince Real Estate is developing premium yet accessible real estate that delivers long-term value to homeowners and investors alike,” he said.

Prince One Tropica, the first luxury villa project launched by Prince Real Estate in Sen Sok 10km from the city center, is an accessible housing solution for Cambodian and foreign professionals who seek contemporary architectural design as well as modern amenities. Accessible to a wider pool of buyers due to lower requirements for financing than what has traditionally been required for such ‘borey’ homes, new homeowners will get up to 100% financing from Prince Bank and insurance solutions from CB Insurance.

As a result, 100% of Prince One Tropica’s Phase 1 have already been snapped up, with Phase 2 being prepared for launch.

About Prince Real Estate:

Founded in 2015, Prince Real Estate is a leading real estate developer in Cambodia, having completed six projects in Phnom Penh and Sihanoukville with an area of more than 20 million square meters developed. With a land reserve of more than 12 million square meters across Cambodia, Prince Real Estate will continue to develop modern homes, modern malls and modern offices for an emerging Cambodian middle class and discerning international buyers.

About Less Solutions:

Less Solutions is a leading insurance brokerage in Cambodia, with an established network of 16 major insurers as partners and professional insurance representatives fluent in Khmer, English and Chinese. Focusing on the values of  “Leading, Excellent, Specialized, Services”, Less Solutions aim to provide comprehensive insurance services and tailor-made solutions for corporate and individual clients in Cambodia.