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PDT. A Malaysian success story built from scratch

Poovenraj Kanagaraj / Khmer Times No Comments Share:

A humble beginning in Cambodia saw Pembinaan Daya Tekad Properties Pte.Ltd manage projects that involved resurfacing highways and aiding with the construction of power plants. However, this soon changed when Managing Director Cheah Lim Chong secured a tender to construct the Malaysian Embassy, currently located on Preah Norodom Blvd in 2007.

Mr Cheah reputation as a property developer was well known in Malaysia and this had gotten him the confidence of the Malaysian government to get involved in projects in Cambodia.

His involvement in the development of the project garnered him praises and attention, thus further securing his position as a reliable and reputable developer. He ensured the project was delivered on time and with no compromise on quality. Mr. Cheah he did not stop there and continued to further expand his portfolio in the country by constructing the 11-storey Infinity 18 condominium located in BKK 1 and the luxurious Infinity 28 condominium is located in Chroy Changvar.

Infinity 28 currently stands tall, boasting a stylish 22-story tower that houses a total of 98 high end residences. Both condominium projects were well received by potential buyers and Mr Cheah attributed the overwhelming response to the quality and hard work that went into constructing both projects.

“There were no sub-contractors except for specified work and we had followed the highest standard to comply with,” he says.

According to Mr Cheah, at the time Infinity 18 was built, it was the first condominium in BKK 1.

While his portfolio as a developer is more extensive, including his projects in Malaysia and Cambodia, Mr Cheah recalls a time when he had struggled to secure a loan to construct his condominium project in Cambodia, the Infinity 18.

His loan application had been rejected and without a showroom to display his condominium designs, Mr Cheah took it upon himself to search for buyers whom he believed would be convinced by the design of his condominiums and the quality he would be able to bring forth.

“It was a tough time and it was certainly a risk to find buyers without a loan,” Mr Cheah recalled.

However, his efforts and attempt at calculated risk paid off as buyers expressed confidence in his condominiums and thus invested in them. Mr Cheah expressed his optimism in the future of Cambodia due to its flourishing economy and urged investors and entrepreneurs alike from Malaysia to invest in the Kingdom. He praised the Royal Government for welcoming businesses that enter the Cambodian market with open arms as well as provide a landscape that eases the process of business in the country. He goes on to say that if there’s a possibility, he might just move forward to start on another condominium, Infinity 38.

“There is always a future here,” Mr Cheah says.

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