Cambodia’s mortgage rates slide as housing sector booms

Increasing housing development projects in Cambodia and growth in their demand over the past few years have led to the Kingdom’s financial institutions introducing more attractive mortgage interest rate policies.

Current interest rates for home loans range between four and eight per cent per year on average, falling from the previous 10-12 per cent range five years ago, Canadia Bank Plc chief finance officer Ou Sophannarith said.

He told The Post on Tuesday that competition for mortgage loans in the banking sector is a plus for consumers.

In full: https://www.phnompenhpost.com/business/cambodias-mortgage-rates-slide-housing-sector-booms

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