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The Housing Development Association of Cambodia’s (HDAC) new partnership with the Trust Regulator (TR) will promote the Kingdom’s construction and real estate industries, foster private sector development, and aid in overcoming related challenges, according to TR director-general Sok Dara.
At least 492 trusts have at some point been properly registered in Cambodia under the current regime, administered by six licensed trust companies, with assets having an estimated value of $734 million as of end-2022, up from 17 trusts with assets worth around $156 million a year earlier
There are around 300 registered trusts operating in Cambodia with assets having an estimated value of $426 million, as of December 16, up from 17 trusts with assets worth around $156 at end-2021, reflecting increasing awareness among local investors and the general public of these agreements
There are around 300 registered trusts operating in Cambodia with assets having an estimated value of $426 million, as of December 16, up from 17 trusts with assets worth around $156 at end-2021, reflecting increasing awareness among local investors and the general public of these agreements, according to Trust Regulator (TR) director-general Sok Dara.
Two regulators are set to collaborate with the real estate sector on bringing securities and trusts to the mainstream, highlighting their potential, creating and introducing new products into the non-bank financial marketplace, and instilling confidence among local and foreign investors.