Cambodians embrace quality fixtures

Sep 17th at 14:07
17-09-2015 14:07:44+07:00

Cambodians embrace quality fixtures

As Cambodia enters a new era of real estate development, paving the streets of Cambodia with high-end condominiums and apartments, the market for imported brand name home fixtures has increased. For middle and upper class Cambodians, quality products like deluxe toilets and kitchen faucet fixtures provide for a sustainable home.

Taing MuyEng, the general managing director of Sinh Hakhout, which imports Delta bathroom equipment - a name-brand American company - said that Cambodians have changed their purchasing habits when deciding to renovate. In the long run, quality products save money because they don’t need to be replaced so often, she said.

“I think [the new buying trend happens] because people are starting to understand the importance of using high-end equipment, since they now have a higher financial status,” she said. According to her, the sale of imported products has increased by 20 per cent annually for the last three years. She expects this trend to continue.

Besides Delta fixtures, Sinh Hakhuot has also imported ROCA brand bathroom fixtures, TEKA kitchen supplies and MML and Rolendo brand ceramic tiles from Malaysia and Spain.

Ung Monika, general managing director of E.C. ASERAL, explained that luxury products are emblematic of the rising wealth.

“Cars, such as Rolls-Royce, Lexus, Land Cruiser, Jaguar and Camry fill the streets of Phnom Penh,” she said. “This means that there are many people in this city with a high living standard, so I think bringing in modern household equipment and bathroom fixtures will suit the demands of the market here.”

At the CAMBUILD’15 expo that wrapped up last Saturday, lamp-integrated toilets with golden coloured lids were on display.

By focusing on families with an average to above average living standards, Ung explained that “consumers and investors in the city choose high-end products because they are too busy at work and [do not have] have enough time to [continually] replace low quality fixtures.”

The chairman of COTTO, a company that has imported household products and bathroom fixtures into Cambodia’s market for the last 25 years, said that with higher demand, competition has stiffened. Nevertheless, he is not concerned of the company’s future.

“We are not worried about the arrival of brand new products because currently, middle class families’ understandings [of household equipment] are increasing,” he said.

“This makes us experts within the market. COTTO products will cover at least 20 per cent of the country’s market in three years.”

Sear Rithy, CEO of WorldBridge and developer of The Bridge, acknowledged that as modern buildings bring modern amenities, consumer demand will follow.

“The household and bathroom equipment market always runs parallel with the development of the country,” he said. “Those who sell both modern and non-modern equipment need to focus on making prices affordable and competitive.”

phnompenh post




NEWS SAME CATEGORY

Japanese developer Bodaiju hits the mark in a competitive condo market

A new condominium project first unveiled a little over a month ago has already proven to be a hit with investors and future home owners. Since it entered the...

VIP launch of The Peak this Friday

In a bid to attract local investors to the new Oxley WorldBridge project, the same developers that brought Phnom Penh The Bridge, the company will be holding a VIP...

Camhomes launch heralds new era of affordable property development in Cambodia

The property sector is among the hottest in the Cambodian economy at the moment – with new developments seeming to come on line every week. One developer with a...

Why Property Developers prefer Realestate.com.kh

Realestate.com.kh offers a range of products for property developers in Cambodia to build their brand, increase inquiries for their apartment, condo or office units...

As office supply rises, prices likely more competitive

As commercial developments continue to expand Phnom Penh’s office space in hopes of capturing the international market, especially with the upcoming integration of...

CAMBUILD’15 starts today

More than 5,000 local and overseas investors and exhibitors are expected to join the three-day CAMBUILD’15, the largest event for the country’s building &...

IBC signs MOU with UK to promote construction standards

With Cambodia’s property sector increasingly in the spotlight, the International Business Chamber of Cambodia (IBC) has signed a memorandum of understanding (MOU)...

East Commercial Centre: Affordable and Practical Office Space

The East Commercial Centre (ECC), slated for completion along Norodom Boulevard in late 2017, seeks to create a hub for new business in Cambodia. The interior...

The housing market for the ‘middle class’

Representatives from all sectors hail the up-and-coming middle class market segment. As much as the middle class is parroted as being the driving motor of economic...

Why Agent’s Prefer Realestate.com.kh

Realestate.com.kh offers a range of products that help real estate agents in Cambodia build their brand, increase inquiries and ultimately sell more property. We...


MOST READ


Back To Top