Cambodia’s CVEA strives to raise real estate appraisal with ASEAN standards

PHNOM PENH: A delegation from the Cambodian Valuers and Estate Agents Association (CVEA), led by President Mr. Sorn Seap, traveled to Malaysia to attend the annual meeting of the Association of ASEAN Appraisers (AVA), held on September 18–20, 2023.

Mr. Seap said that the annual meeting is an opportunity for members to exchange experiences in the field of appraisal of ASEAN and real estate, as well as other developed countries.

He also said that the goal is to bring international appraisal standards to Cambodia and develop a highly competitive appraisal agency sector internationally, as well as promote opportunities in the real estate and investment sector in Cambodia.

Oknha Cheng Kheng, Member of the Board of Directors of CVEA and Chairman of CPL Real Estate Appraisal said, “It is a matter of pride for us, on behalf of Cambodia, to work with ASEAN associations to raise the appraisal standards in Cambodia. There is high competition.”

He also said that the meeting is an opportunity for Cambodia to learn from new and good experiences, and strengths from those countries to develop the appraisal and real estate sector in Cambodia. He also said that only unity can make the real estate sector in our country and in the ASEAN region more competitive both regionally and globally.

As planned, Mr. Seng Sopheak, Executive Vice President of the Association and a representative of the Association and Cambodia will share experiences of the impact of the environment on the real estate appraisal sector as the world is currently paying high attention and Concerned about climate change.

In addition, Mr. Xia Chailin, a member of the CVEA Business Association Committee, will also give a presentation on the economic situation and real estate market of Cambodia in 2023 and highlight the potential for investment in the real estate sector in Cambodia to share. In this annual meeting as well.

The AVA was established in 1981 to promote and strengthen the financial sector through high-standard appraisal in ASEAN countries.

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