In a joint release issued on Nov 28, both companies say they will focus on finalising the key objectives within the next 60 days before entering into a binding agreement. Some of the key objectives include conducting feasibility studies for the fitting out of available units in Hong Lai Huat’s Royal Group Platinum development in Cambodia.
Mainboard-listed Hong Lai Huat has entered into a strategic term sheet with co-living operator The Assembly Place.
The term sheet will see The Assembly Place managing Hong Lai Huat’s real estate and property development projects in Cambodia. The partnership will also introduce the co-living concept to the country for the first time.
