The inflow of foreign direct investment (FDI) into the real estate sector in Cambodia was estimated at more than $437.3 million in 2019, according to data from the just-issued National Bank of Cambodia’s (NBC) Annual Banking Supervision Report 2019.
Among the total inflow of FDI into the real estate sector, China had the largest investments in Cambodia. It contributed around 58.8 percent (more than $262 million) of total FDI, followed by Singapore (15.2 percent – $67.75 million), $53.5 million from the United States, $27.25 million from South Korea, $15.5 milion from Japan and $19.5 million 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 were 37.9 percent and 13.9 percent respectively. The market share of the banking sector into real estate was 24.8 percent among a total loan portfolio of $25.1 billion.
It said that more than 97 percent of banks were offering credit to 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 mortgages. The credit growth for mortgages was 41.7 percent, real estate activities was 43. 3 percent and construction was 27. 6 percent.
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