- COVID-19 cannot stop the housing development in Cambodia.
- A study by Century 21 Zillion Holding reports that there were about 62 housing development projects in Cambodia last year, with 20,000 units completed.
- Housing projects that remained received support from their customers during the pandemic.
- The customer has the flexibility of payment through a loan with the bank and directly with the project.
- The CBRE Cambodia report shows nearly half of the housing development projects approved in 2021 will be home loans, and the amount of investment in this industry exceeds $5 billion USD.
PHNOM PENH: Despite disruptions caused by the COVID-19 in housing development that has spread to the outskirts of Phnom Penh, real estate development in Cambodia continues to proceed smoothly, with some projects receiving public support and others receiving less support.
According to a study conducted by Century 21 Zillion Holding in Cambodia, there were 62 housing development projects in Cambodia in 2021, totaling more than 20,000 houses, to meet the needs of customers with specific needs.
Mr. Long Kimsour, CEO of Century 21 Advance Real Estate, stated on March 31 afternoon that market-oriented housing projects continue to receive support, particularly in potential locations such as infrastructure, water, and electricity.
Homebuyers in Cambodia are now getting more flexible payment terms, which is why buying and selling houses is still going on and development is still in its early stages.
He stated that some developers who have begun their projects but have not yet sold out can continue construction work and save for future supply, thus helping employees and businesses move forward even during the crisis.
According to the CBRE Cambodia report, nearly half of the housing development projects approved in 2021 will be home loans by the end of 2021. The amount of investment in this industry exceeds $5 billion USD, indicating that the demand for housing has remained high over the last year.