Cambodia logged 21 percent increase in Inflow of FDI into the Real Estate sector in 2019

Cambodia logged 21 percent increase in Inflow of FDI into the Real Estate sector in 2019

The inflow of foreign direct investment into the real estate sector (combined all types of real estate and condominium) in Cambodia was estimated at over $437.3 million in 2019, according to data from NBC’s Annual Banking Supervision Report 2019, issued on April 27, 2020.

Among the total inflow of FDI into the real estate sector, China had the largest investments in Cambodia. China contributed around 58.8 percent (or over $262 million) of the total FDIs, followed by Singapore 15.2 percent or $67.75 million, $53.5million from the United States, $27.25million from South Korea, $15.5milion from Japan, and $19.5million from other countries.

The NBC report read that by the end of 2019, the growth of credit of banking and finances to the real estate sector was 37.9% and 13.9% respectively. The market share of the banking sector into the real estate was 24.8 percent among the total loan portfolios of $25.1billion.

It said that more than 97 percent of banks were offering credit to the real estate while microfinance institutions shared only 3 percent.

Credit to the real estate sector was mostly in real estate activities such as construction, and personal mortgage. The credit growth for the mortgage was 41.7%, real estate activities were 43.3%, and construction was 27.6%. Khmer Times