(Phnom Penh): The Ministry of Land Management, Urban Planning and Construction (MLMP) has convened a meeting to discuss the use of foreign loans to revive the real estate sector in Cambodia, with the aim of informing about the interest rates offered by the Chinese Bank, which is a good thing for banks and microfinance in Cambodia.

Speaking at a meeting to discuss the use of foreign loans to revive the real estate sector in Cambodia held at the Ministry’s headquarters on the morning of May 8, 2025, HE Deputy Prime Minister Say Samal said that the meeting was held to inform about the interest rates offered by the Chinese Bank, which is a good thing for banks and microfinance in Cambodia. The meeting was also to discuss and request mutual understanding on the adjustment of the housing loan industry, which will help alleviate the impact on the lives of the nation and the Royal Government of Cambodia. Currently, the Ministry of Land Management, Urban Planning and Construction has resolved many cases of borey disputes, so that citizens who are borey customers can have confidence in the Royal Government of Cambodia, which is working hard to find a suitable solution between them and borey owners.

The ministry also helped to negotiate interest rates with banks and microfinance institutions on home loans for citizens to enable them to afford affordable housing and to help promote the use of the riel and maintain the stability of the riel.

In a meeting of the working group of the Ministry of Land Management, Urban Planning and Construction and the private sector, which was attended by the National Bank, the Housing Developers Association, the Association of Banks in Cambodia, the Microfinance Association, and the Cambodian Builders Association,

the Bank of China raised a new option for housing developers and those who have bought houses and intend to buy houses, with the bank offering competitive interest rates of 6.2% to 6.5%.

During the meeting, HE the Deputy Prime Minister stated that Chinese banks are willing to invest in low-interest loans for Cambodian customers. This is a good factor for people who want to buy a house to live in but do not have enough money to afford it. They can have the opportunity to buy a house through low-interest loans that are suitable for their needs. This is also a good factor that encourages the real estate sector in Cambodia to recover because people can afford to buy houses and the remaining housing construction can be sold and not stalled.