Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Filipino real estate firm targets local expats

Filipino real estate firm targets local expats

PHILIPPINES-based developers Megaworld International will expand operations within Cambodia in order to attract the Kingdom’s growing middle-class Filipino community to invest their money in the Manila property market.

Following on from an exhibition held in Phnom Penh last year, the real estate company’s official Cambodian launch took place yesterday.

Megaworld’s target audience is primarily the country’s middle-class Filipino community.

However, Sales Manager Raeyan C Basa expects additional customers from Cambodian nationals and foreigners based in the Kingdom.

“Currently the Filipino property sector is seeing positive growth amid the slight boom being experienced. This could entice Filipinos to invest in property back home.”

He added that approximately 3,000 Philippine nationals are registered as residents in Cambodia, but expected the genuine figure to be closer to 5,000.

A number of the expatriates who attended the official launch said they already owned property in The Philippines, but would consider further investment if a suitable property was available.

“This is a timely event as more Filipinos are earning good money and housing [in Manila] is now cheaper,” said Phnom Penh resident of 16 years and Chuan Wei Human Resource and Administration Manager Chi S. Reimer.

“Usually, people organise investments through family, but this is certainly a more efficient and reliable way,” he added.



Please, login or register to post a comment

Latest Video

Turkish Embassy calls for closure of Zaman schools

With an attempted coup against the government of President Recep Erdogan quashed only days ago and more than 7,000 alleged conspirators now under arrest, the Turkish ambassador to Cambodia yesterday pressed the govern

CNRP lawmakers beaten

Two opposition lawmakers, Nhay Chamroeun and Kong Sakphea were beaten unconscious during protests in Phnom Penh, as over a thousand protesters descended upon the National Assembly.

Student authors discuss "The Cambodian Economy"

Student authors discuss "The Cambodian Economy"

Students at Phnom Penh's Liger Learning Center have written and published a new book, "The Cambodian Economy".