According to a statement from the Council of Ministers, Cambodia’s prime minister Hun Sen asked the Ministry of Land and Management and Justices to speed up the completion of a draft law on foreign ownership of property who would allow them to buy their own property above the ground floor. “Hun Sen has recommended that [...]
Posts Tagged ‘Property market’
Property draft law is asked to speed up by PM
June 23rd, 2009 
Cambodia Economy 
Posted in Real estate 
Tags: Land price, property law, Property market, property ownership, Real estate, Real estate market 
No Comments »New MFI to issue property loans
June 1st, 2009 Cambodia Economy WHILE most banks remain reluctant to provide real estate loans to customers amid the global financial downturn, a new microfinance institution set to launch June 8 says it will channel lending to house purchases and construction. “For the first time, home financing will be available to middle- and lower-income Cambodians,” Talmage Payne, CEO of newcomer [...]
Posted in Real estate Tags: Commercial banks, Financial crisis, Financial loans, loans, microfinance, Property market, Real estate 3 Comments »Cambodia property market hit by the global financial crisis
May 11th, 2009 Cambodia Economy The global financial crisis spread and hit hardly across the world. The surging value of real estate, construction, and property in the last few years has been affected by the world economic slowdown since 2007. Due to the impact of the economic downturn, Cambodia’s property agencies have closed down its door and the prices of [...]
