The Real Estate and Mortgage Regulator (NRPC) in Phnom Penh has recently made an announcement regarding several housing development projects. The NRPC has identified four Boreys operating without the necessary licenses, putting potential buyers and renters at risk. This article highlights the importance of verifying key aspects before engaging with developers and offers recommendations for protecting one’s interests.
The following Boreys have been identified by the NRPC as operating without licenses:
- Borey TV Star in Sangkat Prey Sor, Khan Dangkor, Phnom Penh
- Borey Try Kim Kour Srov in Sangkat Prek Kampus, Khan Dangkor, Phnom Penh
- Construction of LV apartment in Sangkat Choam Chao, Khan Por Sen Chey, Phnom Penh
- Borey THE ROYAL GARDEN in Sangkat Kraing Thnong, Khan Sen Sok, Phnom Penh
In response to these unlicensed housing projects, the Real Estate and Mortgage Regulator has issued a warning to the public. Potential buyers, sellers, and renters are urged to exercise caution and be vigilant when dealing with these developments. Failure to obtain the necessary licenses raises concerns about the legality, quality, and overall security of the properties involved.