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U.S. giant real estate agent opens doors in Cambodia

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(Globalpost/GlobalPost)

U.S. giant real estate agent opens doors in Cambodia

PHNOM PENH, Sept. 4 (Xinhua) -- A U.S. giant real estate agent, Century 21, on Thursday launched its offices in Cambodia, bringing the firm's presence to 75 countries around the globe, company's officials said.

Philip Fong, chief marketing officer of Century 21 Cambodia, said so far, the agent has 7,100 offices in 75 countries.

"Properties listed with Century 21 will be viewed and serviced by more than 38,000 Century 21 sales professionals in Asia alone, not counting the thousands more around the world where Century 21 are present," he said at the launching ceremony. "For customers, this translates into properties being sold and bought faster, effectively and efficiently."

Kevin Goos, chief executive officer of Century 21 Cambodia, said the agent's focus is the sales of condominiums in Cambodia to international buyers through its global network.

"Cambodia is now one of the top countries in Asia to purchase a condominium as either an investment or a second home," he said.

Julie Chung, deputy chief of mission of the U.S. Embassy to Cambodia, said Century 21 was one of the America's most trusted and well-known companies.

"Century 21 is one of the most recognized brands in real estate in the world," she said.

Julie said that with the presence of the company in Cambodia, she has confidence that more American firms will come to Cambodia for business opportunities.

Real estate and construction sector has been growing very fast in this Southeast Asia nation within the last five years.

According to the latest figures of the Ministry of Land Management, Urban Planning and Construction, Cambodia's construction sector had received a total investment of 1.54 billion U.S. dollars in the first five months of 2014, up 210 percent over the same period last year.

Foreign investors in the sector are mostly from South Korea, China, Japan, Malaysia, and Singapore.

http://www.globalpost.com/dispatch/news/xinhua-news-agency/140904/us-giant-real-estate-agent-opens-doors-cambodia