PM Says to Contact CDC Over Unpaid Home Loans

CEOCambodiaNews · Post by **CEOCambodiaNews** » Fri Jun 09, 2023 11:11 pm

PM HE Appeals to Citizens Whose Houses Were Seized by the Borey Owners to Contact the Council for the Development of Cambodia
09/06/23 22:36
Kampong Chhnang (FN), Jun. 9 – Cambodian prime minister HE appealed to buyers whose houses were seized by the Borey owners due to the inability to pay, to contact the Council for the Development of Cambodia (CDC).

The CDC will collect accurate and specific data in order to solve the problem.

The premier spoke on Friday morning (June 9) during his meeting with nearly 20,000 workers in Kampong Chhnang province.

"I entrust this work to [secretary general of the CDC] Sok Chenda Sophea to collect data on how many people have had their houses seized and how much they have been paid. Please go to the office of CDC for further discussion," the premier underscored.

The Council for the Development of Cambodia (CDC) is located at the west of Wat Phnom historical site.
Contact: 092 225 333, 012 239 190, 011 711 979.
=FRESH NEWS
Video on link:
https://en.freshnewsasia.com/index.php/ ... 59-21.html

Doc67 · Post by **Doc67** » Sat Jun 10, 2023 4:18 am

It seems that the bubble has well and truly burst in many places, and is likely to spread its tentacles.

Seemingly, it now needs the crown of Khmer Hi-So to command compliance in Cambodia's version of Morton's Fork offering the choice of:

1. Go to the CDC and complain or;

2. Go and complain to others and be forced to go to the CDC.

Either way, all roads lead to CDC.

Whereupon they will eventually have a Hobson's Choice of either something or nothing. And something is likely to be so close to nothing as to be indistinguishable.

#liquidatenow

CEOCambodiaNews · Post by **CEOCambodiaNews** » Sat Jun 10, 2023 11:31 am

PM Calls for Understanding from Borey Owners to Their Customers
AKP Phnom Penh, June 09, 2023 --

Samdech Akka Moha Sena Padei Techo HE, Prime Minister, this morning urged the real estate owners, especially the Borey (gated housing community) owners, to be sympathetic to their customers who use the instalment purchase directly with the Borey, but are no longer able to pay the installment.

At a get-together with more than 18,000 workers from 11 factories and enterprises in Kampong Tralach and Samaky Meanchey districts of Kampong Chhnang province, Samdech Techo HE said thousands of accounts have restructured by banks during the COVID-19 outbreak, and the context of Russia-Ukraine War and the sanctions, therefore the Borey owners should do the same for those who had applied for installment payment with Borey directly.

The Premier also asked all Borey owners to immediately stop the confiscation and review the loans by reducing the amount of monthly payment and the duration of payment, while the customers have the obligation to continue to pay the installment.

“This is a win-win strategy,” Samdech Techo Prime Minister underlined.
- AKP