Cambodian Real Estate Companies on the Increase

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Cambodian Real Estate Companies on the Increase

Post by CEOCambodiaNews »

Listed real-estate companies on rise
Posted on December 13, 2018 by khmerwatch007
Source : Phnom Penh Post

The number of listed real-estate companies in Cambodia continues to increase due to the sector’s growth in the Kingdom, data from the Cambodian Valuers and Estate Agents Association (CVEA) said.

CVEA figures show that its membership has increased from 96 companies early this year to 107, 18 of which are foreign-owned.

CVEA secretary-general Moth Vanneth said growth is boosting competition in the sector.

“To gain market share, each company must respect the law and strengthen its services by working professionally to gain their clients’ trust.”

“The growth of these member companies shows progress in the Cambodian property market as well as an understanding of the importance of obeying the law.”

“I expect that by the end of this year, the number of association members will increase to 110 companies,” he said.

Vanneth said the CVEA’s foreign members are from China, Malaysia, the US and Singapore. But, there are also many unregistered companies operating in the market.
https://sahrika.com/2018/12/13/listed-r ... more-32949
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