270 companies of real estate regulators and mortgage have licenses to operate in Cambodia.

Phnom Penh: The real estate sector in Cambodia has started to gain momentum in the last decade. In the past decade, Phnom Penh has changed its face significantly. Especially the area around the Independence Monument and Koh Pich is starting to have high-rise buildings that rise and bury the clouds, helping to enhance the beauty of Phnom Penh to be more beautiful than before.

Currently, many office condominiums are being built and some are starting to be put into operation to serve the actual needs, especially the Domestic and foreign direct investment as well. However, along with this change, there are some shortcomings that the relevant authorities should strengthen. Telecommunication services refer to telephone systems, internet, and water issues.

At the same time, Cambodia has also started to develop proper laws and regulations related to this sector, establishing regulations to manage this sector operator smoothly as well.nAs of the second semester of 2022, real estate regulators and mortgage regulators have licensed 270 companies to operate in Cambodia.nMr. Chou Vannak, Director General of Real Estate Regulators and Mortgage Regulators of the Ministry of Economy and Finance said at the opening ceremony of the Real Estate Expo on July 2, 2022. As of the second semester of 2022, real estate regulators and mortgage regulators have licensed more than 270 appraisal and service companies. There are 168 real estate companies, 7 appraisal companies There are 42 companies as agents and appraisers, 17 companies, real estate management companies, 10 companies, real estate agents and companies, and appraisal agencies. And there are five real estate management companies.

He added that the regulator also issued business licenses to 12 real estate developers with 436 development projects, including 26 flats, there are 233 Boreys, there are 154 condominiums, there are 2 markets, and 24 mixed projects There are 2 projects.nHe added that for more than these two years, Cambodia has been facing the Covid - 19 crisis and has undermined several economic and business activities, including real estate.

However, with the introduction of a series of government measures, the government regained control of Covid- 19 pandemic and encouraged the real estate sector also has been a series of investment activities more.

It should also be noted that during the Covid- 19 pandemic Cambodia's economy declined significantly, including the global experience of economic crises as well as other crises that affected the livelihoods of the people of the world as well.

Meanwhile, in Cambodia there are millions of people have been vaccinated against the Covid-19 disease, and the government has taken measures to be better controlled the situation. And the economic will growth gradually to improve and many local companies will resume business, including more investment from national and international companies come to invest more and help to develop the national economy neither.