The newly opened real estate firm IWF Investment Cambodia has entered into a partnership with Singapore’s Tin Yuet (TY) Capital. The Singapore-based firm and Asia Union Reits will provide real estate consultancy and leasing property services to foreign investors in Cambodia.
A memorandum of understanding was signed during the official grand opening of IWF Investment. Lidia Lan, chief executive officer (CEO) of IWF Investment said her company is focused on buying and selling high-end property and employing top services to look after them.
She added Cambodia’s economic development is growing alongside real estate, which provides a lot of opportunities for investors.
She also said that through the partnership, TY Capital will bring more foreign investors who are interested in real estate to Cambodia. TY Capital will provide consultancy to foreign investors and will introduce investors to IWF Investment for property management in Cambodia.
“We will setup and prepare the documents for investors on the purchase and sale agreement for properties in Cambodia,” Lan added. “The partnership is to exchange experience, products and customers. We will own or manage the property while TY Capital has the customers so we can match our respective skills with each other.
“We hope that the partnership with TY Capital will bring more investors to Cambodia and also bring technical know-how to Cambodia as well,” She said.
Jon Jiang,TY Capital’s CEO, said the venture will provide investors with a new generation of investment tools. He added his company will drive new trends in the global investment field, with Cambodia’s real estate industry as the primary investment target, in conjunction with a professional trust institution to provide new solutions for real estate trusts.
Jiang said that IWF Investment Cambodia has more local connections while TY Capital bases in Singapore have the investors and technology so both companies will take advantage of their respective strengths.
“We hope that IWF will provide us more support related to local companies and properties. We will support the finance and manage the asset for the investors, so I believe this project will be successful,” he added.
“Singapore has a strict finance policy and we are using new blockchain technology so we can combine a smart contract in one package. It is double security governance so we hope to provide a very secure investment for our investors,” Mr Jiang added.
“Our investors are global. We are not limited to a few countries but for the moment most of our customers are from Southeast Asia, Japan, China and Singapore. We now expect customers from the EU and the US.”