Balanced News: New Cambodian policies aimed at foreign real estate investment

Cambodia’s Prime Minister Hun Manet has issued orders to boost foreign investment in the country’s real estate sector. The government will now allow foreigners to use Cambodian representatives to purchase real estate, while land titles will list a Cambodian as the owner. Foreigners can also buy property through special tourism zones or through a trust company. The real estate market in Cambodia has been heavily impacted by the COVID-19 pandemic, with nonperforming loans rising and new construction slowing. However, legal scholars have raised concerns about sovereignty issues and human rights abuses due to potential land conflicts.