The passage of a new law for the ownership of property by foreigners could give a boost the stagnant real estate market as well as bring in more investment, industry experts say. The much-anticipated Foreign Ownership Property law was passed by the National Assembly last week and must now move through the Senate before being [...]
Posts Tagged ‘Real estate’
Global trends driving ‘land grab’ in poor nations: activists
January 5th, 2009 
Cambodian News KUALA LUMPUR (AFP) — Resource-hungry nations are snapping up huge tracts of agricultural land in poor Asian nations, in what activists say is a “land grab” that will worsen poverty and malnutrition. Global trends including high prices for oil and commodities, the biofuels boom, and now the sweeping downturn, are spurring import-reliant countries to take [...]
Real Estate Crunch Hits Local Banks
December 30th, 2008 Cambodian News Nearly every morning over the last few weeks, owners of construction companies around Phnom Penh have gathered at their sites, looking sadly on under-constructed homes they’ve been unable to sell. These investors worry constantly over how to collect the large sums they need to pay back loans they made for real estate investment. Experts worry [...]
Experts predict Cambodian real estate market to recover by 2010
December 17th, 2008 Cambodian News PHNOM PENH, Dec. 16 (Xinhua) — Economists said that the nearly one billion U.S. dollars in foreign aid pledged to Cambodia by donor nations last week could boost the country’s sagging real estate market as early as 2010, national media reported Tuesday. Kang Chandararot, president of the Cambodia Institute for Development Study, told the Phnom [...]
Posted in Business 
Tags: Business, Market, Ministry of Economy and Finance, property, Real estate 
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