Mortgage Loans in Cambodia Reach US$4.6 billion as of Q3 2020

• 16 November 2020
• Local News
• 3204 Views

According to the third-quarter report of the Credit Bureau of Cambodia (CBC), loans in the real estate sector reached US$4.6 billion by the end of September 2020, a significant increase from US$3.9 billion at the end of 2019.

This demonstrates that the demand for residential and real estate in Cambodia continues to grow in 2020, despite the spread of COVID-19 pandemic, which has negatively affected economic growth.

The report shows that as of the first nine months of 2020, general loans provided by banks and microfinance institutions in total reached US$9.11 billion. General loans include personal loans, credit cards and mortgage loans.

According to Cambodia’s Economic Trends report of the Ministry of Economy and Finance, during the first eight months of 2020, there were 2,819 approved residential projects, accounting for 84% of the total 3,350 construction projects. (Read more)

According to the report, residential demand in Cambodia continues to grow, despite the spread of COVID-19, which has weakened other economic bases.

• Investment and Funding