Wednesday, January 28, 2009

NBC lifting off its restriction to ease the Real Estate sector

National Bank of Cambodia has recently announced to lift off its restriction of 15 pc putting on all commercial banks in Cambodia to restrict on the real estate speculation.

Many real estate agents, developers and investors are now happy about this good news and they hope to have fresh cash to start or to replay their game again, which has been sleeping for several months.

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Thursday, January 8, 2009

New Real Estate Association in Cambodia

According to Phnom Penh Post's article dated on 7th Jan 2009, "the Real Estate Development Association of Cambodia (REDAC) was formed December 19 to represent the interests of real estate development firms in Cambodia. Its members include around 30local and foreign companies, including members from Korea, France, Hong Kong and the US".

It is a good sign for the real estate development in Cambodia in the future as with this creation, it should not just protect the interests of real estate enterprises but it must also take into account on the housing consumers, the environment and the nature in general.

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Real Estate Development in Cambodia

Cambodia: New Investment Destination in Southeast Asia