Buying property by installment on the increase
The market for Khmer home-buyers purchasing property by installments is booming, according to experts. Keuk Narin, vice president of Asia Real Estate Cambodia, said the concept of buying homes by installments in Cambodia is very attractive to those whom want to buy a house. Almost all housing projects that offer installment purchases see good business, he said. … So Phonnary, executive vice president of ACLEDA Bank, said the establishment of mortgages in Cambodia is increasing because of the increasing numbers of people who need houses. At the end of September, the number of people taking out housing loans reached nearly 4,000 clients, with a total of $88 million owed, compared to the same time last year when the figure was $70 million, she said. …
