Cambodia Business Lifestyle News

Foreign Property Investments Remain High in Cambodia

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The Trust Regulator (TR) continues stabilizing the real estate sector in Cambodia, aiding its gradual recovery amid the current global economic crisis, the director-general of the TR, Sok Dara, says.

Dara says that trust in the real estate sector is growing. As of November, trust registrations have increased to 683 cases, with investments totaling $1.223 billion. Before 2021, there were only 17 legal listings, with investments of around $156 million. 

605 cases involve trust investment in the real estate sector, foreigners registering 552 of these, contributing capital of $580 million. Among foreign registrations, 541 cases involve investment trusts in the real estate sector, and 11 others involve real estate investment-related trusts using the escrow services system.

“Under the 2019 trust law, foreigners are permitted to purchase land in Cambodia via a trust company. This current method is well-received and in high demand, particularly for indirect investments in various sectors, notably in property,” Dara explains.

Read the original article HERE.

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