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Understanding property titles in Cambodia
February 24, 2020, 3:42 a.m.
Property Reviews
Property Buyers & Sellers Advice
(The Ministry of Land Management, Urban Planning and Construction / Phan Soumy)What is a property title?A title or ‘deed’ is an official document confirming who owns the property, its location, and what rights the property owner enjoys. It should be noted that a significant percentage of land in Cambodia is not registered with the National Land Office and has no official land title certificate to secure the land on behalf of the owner.During the civil war period between 1975 and 1979, all Cambodian land title records were destroyed. This made any definitive proof of property ownership impossible after the war. A land law was passed in 1992 to establish the groundwork for land ownership, but it wasn't until its 2001 revision that allowed private ownership of land in Cambodia. The 2001 Land Law allowed for the creation of a land registry system enabling the issuance of Cambodia land titles. To date, over two million Cambodian land titles have been issued to citizens.Property ownership can now be secured by one of three forms of Cambodia land title: Hard title, Soft title, and Private Ownership in Co-owned Buildings – also known as Strata Title. In addition, an LMAP title is also now available.One of the most frequently asked questions is "Can foreigners own land or landed property in Cambodia?" The quick answer is No. The Cambodian Constitution prohibits foreign nationals from owning land and landed properties in the country.There are, however, indirect mechanisms of "ownership" such as the Nominee structure and Land concessions for development. Visit our guide to Property Ownership Mechanisms for Foreigners in Cambodia for more information.Hard Title in CambodiaHard titles are the most secure proof of property ownership and are considered the best Cambodian land title.Hard titles are certification of ownership provided by the Cambodian Land Management and Planning office. Hard Titles also include detailed information recognised and certified at a national level by the Ministry of Land and the Cadastral Office. It should be noted that a transfer tax applies when hard title transactions occur.A quick summary of what is a Hard Title in Cambodia:The Hard title is the strongest form of property ownership in Cambodia.In the rare occurrence that a disputed land has both a Hard Title and a Soft Title, the owner of the Hard Title will win the dispute.A Hard title is a land ownership certificate provided by the Land Management and Planning office.Hard titles contain detailed information that has been duly recognised and certified at a national level with the Ministry of Land and the concerned cadastral office.A Transfer tax of 4% per cent will be paid based on the total property value upon the facilitation of the Hard Title transfer.The facilitation of a Hard Title transfer usually takes up to 12 weeks.Foreign nationals are constitutionally prohibited from obtaining Hard Titles. By extension, this prohibits foreign nationals from owning land and landed properties in Cambodia.Soft Title in CambodiaA Soft Title is the most commonly issued Cambodian land title. The Soft Title, however, is only recognised at the local government level. Soft titles are provided at the local Sangkat or district office and are not registered at a national level.The Sangkat (commune) or Phum (village) chief will issue a letter of possessory rights, which refers to the right of “possession” of property. A person is in “possession” of the property when she/he physically occupies the property but is not the owner of the land as recognised by the authority.Although not as secure as a Hard title, they are still considered evidence of possession. Historically, many land transactions have occurred as soft titles to avoid transfer taxes and fees. However, most new major developments are being transacted with hard titlesA quick summary of what is a Soft Title in Cambodia:A Soft Title is the most common form of ownership and the most commonly issued Cambodian land title as the transfer taxes and fees are cheaper than a Hard Title.It is estimated that 85% of Cambodian property owners only have Soft Titles to back up their property claims.It is a Cambodian land title that is recognised at the local government level (Sangkats & Khans).Soft Titles are provided by the local Sangkat or District office and are not registered at a national level - but are still considered a valid legal document of ownership. Soft Titles are relatively cheaper and quicker to acquire for Cambodians.Estimated to take anywhere between 10 to 12 working days to process.Foreign nationals are prohibited from owning a Soft Title. By extension, this prohibits foreign nationals from owning land and landed properties in CambodiaCambodian Strata TitlePrivate ownership in co-owned (strata) buildings is a recently introduced form of property title that also allows foreigners to legally own property in Cambodia.Co-owned buildings or Strata-titled buildings are defined as buildings in which several owners reside, consisting of some parts that are the exclusive ownership of each co-owner (private units), and some other parts that are common spaces for the common use of co-owners (common areas).A quick summary of what a Strata Title in Cambodia is:A Strata Title is a special title commonly used for condo unit purchases that is available to both Cambodian nationals and foreign nationals.There are other mechanisms not necessarily involving a Strata Title available for property ownership for Foreign nationals which you can see in our investment guide.Strata Titles can only be granted if the property in question satisfies these criteria: Only applicable to buildings constructed in 2010 and beyond.Foreigners can only own 70% of the total surface area of the building or property.Strata Titles cannot be issued for properties on the ground floor and/or underground.Strata Titles cannot be issued for any property within 30km of the nearest land border.Private Ownership in co-owned buildings (also known as Strata Title) is the most recent form of ownership and allows foreigners to legally own property in Cambodia.Strata Title is a less common Cambodia land title, but the numbers issued are growing fast.Most new condo development projects offer this type of title to accommodate foreign demand to own property in Cambodia.The Law on Foreign Ownership’ was promulgated on 24 May 2010. This law limits foreign ownership to co-owned buildings. Foreigners still cannot own land, as it is unconstitutional.Strata Titles are issued by the Ministry of Land Management, Urban Planning, and Construction. This means Strata Titles are recognized on a national level.A Transfer tax of 4% percent will be paid based on the total property value upon the facilitation of the Strata Title transfer.LMAP Title in CambodiaTo improve land tenure security, a titling system called LMAP (Land Management and Administration Project) has been introduced in Cambodia.Based on official GPS coordinates, land plots are being registered throughout the country. Should an LMAP title exist for your property already, the borders have been agreed upon between neighbouring parties and are less prone to dispute.A quick summary of what is an LMAP Title in Cambodia:The LMAP Title is another property ownership title issued and recognised on a national level by the Ministry of Land Management, Urban Planning and Construction (MLMUPC) - along with the relevant cadastral offices.The main difference between the LMAP Title from a Hard Title is its inclusion of the exact GPS coordinates that determine the boundaries of the property in question.LMAP Titles can only be obtained on land that has been indexed on a cadastral map. So, if a plot of land has not yet been indexed, the LMAP Title cannot be issued for that property.If the MLMUPC is presently undergoing the necessary LMAP titling process in your village or area where you live, this means you only need to follow what your local authority informs you to do once the project is completed. It is their obligation to communicate with you.It is possible to own a Hard Title without an LMAP Title due to the above-mentioned limitation.A Transfer tax of 4% per cent will be paid based on the total property value upon the facilitation of the LMAP Title transfer.Foreign nationals are not permitted to own an LMAP title. By extension, this prohibits foreign nationals from owning land and landed properties in Cambodia.How to Transfer A Property Title in CambodiaWhen you purchase property or land in Cambodia, it is critical to obtain outright ownership in order to feel secure about your new asset. To complete the process for transferring land titles of ownership, there are particular steps that need to be followed, documents that need to be obtained, as well as the necessary consultations with relevant agencies.Step 1: Verify the title certificate with the relevant Land OfficeThe buyer will first need to verify the land title certificate with the Land Office at the Ministry of Land Management, Urban Planning and Construction (MLMUPC), to check for any debts or other claims to the property.This process requires:The buyer must obtain the original title certificate from the seller to verify their genuine ownership.The buyer will then verify the title certificate with the Land Office at the MLMUPC.The Land Office will inform the buyer if there are any liens (debts), mortgages, or other claims registered to that property.Relevant Government Agency: Land Office at MLMUPCEstimated time to completion: This takes approximately 10 days (should occur simultaneously to steps 2 and 3)Step 2: Obtain information on the propertyThe buyer must then obtain information on the property from the relevant Commune Council Official. This involves the buyer contacting the village chief or the Commune Council Official in which the property is located to obtain information about the land/property. In addition to this, an official search of the title should take place at the Khan/District Land Office.Relevant Government Agency: Commune Council (Relevant District/Khan office in your property’s area)Estimated time to completion: This should take approximately 10 days (we advise that this be done in parallel to Steps 1 and 3)Step 3: Obtain the certificate of incorporation and official documents from the sellerIf the landowner is a legal entity, the buyer must obtain;A copy of the ID of the shareholder, or person acting on behalf of the company.A certified/notarised copy of the Certificate of Incorporation of the seller’s company as issued by the Ministry of Commerce.Any other official documents from the seller relating to the company and the transaction.All of these documents are needed to verify the accuracy and identity of the company name appearing on the title certificate. Further documents needed to verify the seller’s authorisation to transfer the property to the buyer are;A special power of attorney.A Resolution signed by the Board of Directors from that company authorising the named individual (seller) to represent the company at the Land Office (MLMUPC).A power of attorney specifically stating that the seller can bring into effect that Resolution to transfer land titles of ownership to the buyer.Relevant Government Agency: Ministry of CommerceEstimated time to completion: This process should take around 10 days (should occur simultaneously with steps 1 and 2)Step 4: Apply for registration at the District Land Office (MLMUPC)When the buyer and seller, whether they are as an individual or a company wish to complete the property transaction, they must go together to the District Land Office at the MLMUPC to arrange, prepare, and sign the relevant documents.The documentation needed for this step is:The Company’s statute.The Company’s Certificate of Incorporation (obtained in Step 3).Both of the Power of Attorney documents (obtained in Step 3).The original Title Certificate held by the seller must be presented to the District Land Office at the time of signing the deed, in order to have the name of the new owner officially inserted on the document.Relevant Government Agency: District Land Office, MLMUPC (District Land Office of the Ministry of Land Management, Urban Planning & Construction)Estimated time to complete the step: This step takes between 20 and 30 days.Step 5: Pay transfer taxA transfer tax of approximately 4 per cent of the total value of the property is paid to the Ministry of Economy and Finance at the General Department of Taxation, in the district that the transferred property resides. A tax receipt is then issued to prove that the property transfer tax has been paid.In Phnom Penh, however, this tax is not assessed based on the true transacted value of the property; but, rather, based on a schedule of the price of property determined by the Phnom Penh Municipality. The assessed valuation by the Phnom Penh Municipality is based upon factors such as; the total number of square meters, the land’s location, use, potential use, and other variables.To put this quite simply the transfer tax is not based on the actual price of the land which is sold, which is usually the case, rather it is based on the assessed value made by the Phnom Penh Municipal office, which may be higher than the tax rates in other provinces.If the land is more than 1200 sqm, the surplus of the land will also be subject to “unused land tax.” For land less than 1200 sqm, the unused land tax is not applicable. The time for the General Department of Taxation to complete the calculation of transfer tax will depend on the location of the land and its size.Relevant Government Agency: General Department of TaxationEstimated time to complete the step: This process should take around 1 dayStep 6: Return to the cadastral office to complete the registration processAfter all relevant taxes are paid, the parties may return to the cadastral office at the District Land Office of the Ministry of Land Management, Urban Planning & Construction (MLMUPC) and sign/thumbprint an MLMUPC form for buying/selling real property, as filled in by MLMUPC official.The signing/thumbprinting must be witnessed by a local authority such as the commune chief, who will also give their thumbprint. These procedures are based on Land Law Articles; 65, 244 and 245. Land Law Article 69 bars the transfer of property unless all necessary taxes are paid. The documentation provided should include payment receipts of the transfer tax (obtained in Step 5).Step 7: Obtain the certificate of title from the Municipal Land OfficeObtain the certificate of title from the Municipal Land Office: The Khan/District land office forwards all the “transfer documents” to the Municipal Land Office where it issues the final Certificate of Title in the new owner’s name. It is now registered.Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now!Article by:
Understanding property titles in Cambodia
February 24, 2020, 3:42 a.m.
Property Reviews
Property Buyers & Sellers Advice
(The Ministry of Land Management, Urban Planning and Construction / Phan Soumy)What is a property title?A title or ‘deed’ is an official document confirming who owns the property, its location, and what rights the property owner enjoys. It should be noted that a significant percentage of land in Cambodia is not registered with the National Land Office and has no official land title certificate to secure the land on behalf of the owner.During the civil war period between 1975 and 1979, all Cambodian land title records were destroyed. This made any definitive proof of property ownership impossible after the war. A land law was passed in 1992 to establish the groundwork for land ownership, but it wasn't until its 2001 revision that allowed private ownership of land in Cambodia. The 2001 Land Law allowed for the creation of a land registry system enabling the issuance of Cambodia land titles. To date, over two million Cambodian land titles have been issued to citizens.Property ownership can now be secured by one of three forms of Cambodia land title: Hard title, Soft title, and Private Ownership in Co-owned Buildings – also known as Strata Title. In addition, an LMAP title is also now available.One of the most frequently asked questions is "Can foreigners own land or landed property in Cambodia?" The quick answer is No. The Cambodian Constitution prohibits foreign nationals from owning land and landed properties in the country.There are, however, indirect mechanisms of "ownership" such as the Nominee structure and Land concessions for development. Visit our guide to Property Ownership Mechanisms for Foreigners in Cambodia for more information.Hard Title in CambodiaHard titles are the most secure proof of property ownership and are considered the best Cambodian land title.Hard titles are certification of ownership provided by the Cambodian Land Management and Planning office. Hard Titles also include detailed information recognised and certified at a national level by the Ministry of Land and the Cadastral Office. It should be noted that a transfer tax applies when hard title transactions occur.A quick summary of what is a Hard Title in Cambodia:The Hard title is the strongest form of property ownership in Cambodia.In the rare occurrence that a disputed land has both a Hard Title and a Soft Title, the owner of the Hard Title will win the dispute.A Hard title is a land ownership certificate provided by the Land Management and Planning office.Hard titles contain detailed information that has been duly recognised and certified at a national level with the Ministry of Land and the concerned cadastral office.A Transfer tax of 4% per cent will be paid based on the total property value upon the facilitation of the Hard Title transfer.The facilitation of a Hard Title transfer usually takes up to 12 weeks.Foreign nationals are constitutionally prohibited from obtaining Hard Titles. By extension, this prohibits foreign nationals from owning land and landed properties in Cambodia.Soft Title in CambodiaA Soft Title is the most commonly issued Cambodian land title. The Soft Title, however, is only recognised at the local government level. Soft titles are provided at the local Sangkat or district office and are not registered at a national level.The Sangkat (commune) or Phum (village) chief will issue a letter of possessory rights, which refers to the right of “possession” of property. A person is in “possession” of the property when she/he physically occupies the property but is not the owner of the land as recognised by the authority.Although not as secure as a Hard title, they are still considered evidence of possession. Historically, many land transactions have occurred as soft titles to avoid transfer taxes and fees. However, most new major developments are being transacted with hard titlesA quick summary of what is a Soft Title in Cambodia:A Soft Title is the most common form of ownership and the most commonly issued Cambodian land title as the transfer taxes and fees are cheaper than a Hard Title.It is estimated that 85% of Cambodian property owners only have Soft Titles to back up their property claims.It is a Cambodian land title that is recognised at the local government level (Sangkats & Khans).Soft Titles are provided by the local Sangkat or District office and are not registered at a national level - but are still considered a valid legal document of ownership. Soft Titles are relatively cheaper and quicker to acquire for Cambodians.Estimated to take anywhere between 10 to 12 working days to process.Foreign nationals are prohibited from owning a Soft Title. By extension, this prohibits foreign nationals from owning land and landed properties in CambodiaCambodian Strata TitlePrivate ownership in co-owned (strata) buildings is a recently introduced form of property title that also allows foreigners to legally own property in Cambodia.Co-owned buildings or Strata-titled buildings are defined as buildings in which several owners reside, consisting of some parts that are the exclusive ownership of each co-owner (private units), and some other parts that are common spaces for the common use of co-owners (common areas).A quick summary of what a Strata Title in Cambodia is:A Strata Title is a special title commonly used for condo unit purchases that is available to both Cambodian nationals and foreign nationals.There are other mechanisms not necessarily involving a Strata Title available for property ownership for Foreign nationals which you can see in our investment guide.Strata Titles can only be granted if the property in question satisfies these criteria: Only applicable to buildings constructed in 2010 and beyond.Foreigners can only own 70% of the total surface area of the building or property.Strata Titles cannot be issued for properties on the ground floor and/or underground.Strata Titles cannot be issued for any property within 30km of the nearest land border.Private Ownership in co-owned buildings (also known as Strata Title) is the most recent form of ownership and allows foreigners to legally own property in Cambodia.Strata Title is a less common Cambodia land title, but the numbers issued are growing fast.Most new condo development projects offer this type of title to accommodate foreign demand to own property in Cambodia.The Law on Foreign Ownership’ was promulgated on 24 May 2010. This law limits foreign ownership to co-owned buildings. Foreigners still cannot own land, as it is unconstitutional.Strata Titles are issued by the Ministry of Land Management, Urban Planning, and Construction. This means Strata Titles are recognized on a national level.A Transfer tax of 4% percent will be paid based on the total property value upon the facilitation of the Strata Title transfer.LMAP Title in CambodiaTo improve land tenure security, a titling system called LMAP (Land Management and Administration Project) has been introduced in Cambodia.Based on official GPS coordinates, land plots are being registered throughout the country. Should an LMAP title exist for your property already, the borders have been agreed upon between neighbouring parties and are less prone to dispute.A quick summary of what is an LMAP Title in Cambodia:The LMAP Title is another property ownership title issued and recognised on a national level by the Ministry of Land Management, Urban Planning and Construction (MLMUPC) - along with the relevant cadastral offices.The main difference between the LMAP Title from a Hard Title is its inclusion of the exact GPS coordinates that determine the boundaries of the property in question.LMAP Titles can only be obtained on land that has been indexed on a cadastral map. So, if a plot of land has not yet been indexed, the LMAP Title cannot be issued for that property.If the MLMUPC is presently undergoing the necessary LMAP titling process in your village or area where you live, this means you only need to follow what your local authority informs you to do once the project is completed. It is their obligation to communicate with you.It is possible to own a Hard Title without an LMAP Title due to the above-mentioned limitation.A Transfer tax of 4% per cent will be paid based on the total property value upon the facilitation of the LMAP Title transfer.Foreign nationals are not permitted to own an LMAP title. By extension, this prohibits foreign nationals from owning land and landed properties in Cambodia.How to Transfer A Property Title in CambodiaWhen you purchase property or land in Cambodia, it is critical to obtain outright ownership in order to feel secure about your new asset. To complete the process for transferring land titles of ownership, there are particular steps that need to be followed, documents that need to be obtained, as well as the necessary consultations with relevant agencies.Step 1: Verify the title certificate with the relevant Land OfficeThe buyer will first need to verify the land title certificate with the Land Office at the Ministry of Land Management, Urban Planning and Construction (MLMUPC), to check for any debts or other claims to the property.This process requires:The buyer must obtain the original title certificate from the seller to verify their genuine ownership.The buyer will then verify the title certificate with the Land Office at the MLMUPC.The Land Office will inform the buyer if there are any liens (debts), mortgages, or other claims registered to that property.Relevant Government Agency: Land Office at MLMUPCEstimated time to completion: This takes approximately 10 days (should occur simultaneously to steps 2 and 3)Step 2: Obtain information on the propertyThe buyer must then obtain information on the property from the relevant Commune Council Official. This involves the buyer contacting the village chief or the Commune Council Official in which the property is located to obtain information about the land/property. In addition to this, an official search of the title should take place at the Khan/District Land Office.Relevant Government Agency: Commune Council (Relevant District/Khan office in your property’s area)Estimated time to completion: This should take approximately 10 days (we advise that this be done in parallel to Steps 1 and 3)Step 3: Obtain the certificate of incorporation and official documents from the sellerIf the landowner is a legal entity, the buyer must obtain;A copy of the ID of the shareholder, or person acting on behalf of the company.A certified/notarised copy of the Certificate of Incorporation of the seller’s company as issued by the Ministry of Commerce.Any other official documents from the seller relating to the company and the transaction.All of these documents are needed to verify the accuracy and identity of the company name appearing on the title certificate. Further documents needed to verify the seller’s authorisation to transfer the property to the buyer are;A special power of attorney.A Resolution signed by the Board of Directors from that company authorising the named individual (seller) to represent the company at the Land Office (MLMUPC).A power of attorney specifically stating that the seller can bring into effect that Resolution to transfer land titles of ownership to the buyer.Relevant Government Agency: Ministry of CommerceEstimated time to completion: This process should take around 10 days (should occur simultaneously with steps 1 and 2)Step 4: Apply for registration at the District Land Office (MLMUPC)When the buyer and seller, whether they are as an individual or a company wish to complete the property transaction, they must go together to the District Land Office at the MLMUPC to arrange, prepare, and sign the relevant documents.The documentation needed for this step is:The Company’s statute.The Company’s Certificate of Incorporation (obtained in Step 3).Both of the Power of Attorney documents (obtained in Step 3).The original Title Certificate held by the seller must be presented to the District Land Office at the time of signing the deed, in order to have the name of the new owner officially inserted on the document.Relevant Government Agency: District Land Office, MLMUPC (District Land Office of the Ministry of Land Management, Urban Planning & Construction)Estimated time to complete the step: This step takes between 20 and 30 days.Step 5: Pay transfer taxA transfer tax of approximately 4 per cent of the total value of the property is paid to the Ministry of Economy and Finance at the General Department of Taxation, in the district that the transferred property resides. A tax receipt is then issued to prove that the property transfer tax has been paid.In Phnom Penh, however, this tax is not assessed based on the true transacted value of the property; but, rather, based on a schedule of the price of property determined by the Phnom Penh Municipality. The assessed valuation by the Phnom Penh Municipality is based upon factors such as; the total number of square meters, the land’s location, use, potential use, and other variables.To put this quite simply the transfer tax is not based on the actual price of the land which is sold, which is usually the case, rather it is based on the assessed value made by the Phnom Penh Municipal office, which may be higher than the tax rates in other provinces.If the land is more than 1200 sqm, the surplus of the land will also be subject to “unused land tax.” For land less than 1200 sqm, the unused land tax is not applicable. The time for the General Department of Taxation to complete the calculation of transfer tax will depend on the location of the land and its size.Relevant Government Agency: General Department of TaxationEstimated time to complete the step: This process should take around 1 dayStep 6: Return to the cadastral office to complete the registration processAfter all relevant taxes are paid, the parties may return to the cadastral office at the District Land Office of the Ministry of Land Management, Urban Planning & Construction (MLMUPC) and sign/thumbprint an MLMUPC form for buying/selling real property, as filled in by MLMUPC official.The signing/thumbprinting must be witnessed by a local authority such as the commune chief, who will also give their thumbprint. These procedures are based on Land Law Articles; 65, 244 and 245. Land Law Article 69 bars the transfer of property unless all necessary taxes are paid. The documentation provided should include payment receipts of the transfer tax (obtained in Step 5).Step 7: Obtain the certificate of title from the Municipal Land OfficeObtain the certificate of title from the Municipal Land Office: The Khan/District land office forwards all the “transfer documents” to the Municipal Land Office where it issues the final Certificate of Title in the new owner’s name. It is now registered.Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now!Article by:

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Comprehensive Guide on Cambodian Visa in 2024

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Cambodia is increasingly receiving attention as a travel destination in Southeast Asia. Described as ‘South-East Asia’s enticing new travel frontier’, and rated by TripAdvisor for winning the best hotel in the world in 2020. Airlines such as Emirates, Cambodia Angkor Air, and Laos Airlines expanded their services and routes to Cambodia enhancing its accessibility. Tourism is poised to see improvement with these initiatives, and visitors must be well-informed about the entry requirements, especially regarding visas. This article aims to offer a detailed guide on the visa process for entering the Kingdom.Phnom Penh Airport (Supplied from STPM)Types of visas for CambodiaThe two most common visas in Cambodia: are tourist visas (T visa) and ordinary visas (E visa).Tourist visa (T visa)A tourist visa is provided for foreign citizens travelling to Cambodia. It can be applied for in advance or obtained directly at the airport or border port upon arrival in the kingdom. The tourist visa is limited to a single entry and can only be renewed once. After renewal, visitors can stay for another 30 days. The holder must leave Cambodia after the 30 days are up, and if they want to re-enter, it is necessary to apply for a new visa.Therefore, if one plans to stay in Cambodia for a long time, a tourist visa may not be the best option. It is preferable to consider applying for an ordinary visa (E visa). Sample of Extension of stay. (Supplied)Ordinary visa (E visa)There are 4 types of Ordinary visa also known as E visa Cambodia Business Visa (EB)Applicable groups: Foreigners who intend to conduct business, investment or work in Cambodia, including their partners and children, freelancers and volunteers can also apply for this type of visa.Validity period: Valid within 1 month from the date of entry into Cambodia and can be extended for 1 month, 3 months, 6 months or 12 months in Cambodia. Only 6-month and 12-month EB visas are allowed multiple times.Requirements: The company’s employment contract or invitation letter is required.Note: The EB visa does not give you the right to work in Cambodia. You also need to hold a work certificate issued by the Ministry of Labor.Cambodia Employment Visa (EG)Applicable people: Foreigners who are not yet employed in Cambodia but are actively looking for work.Validity period: Usually valid for 1 monthRequirements: The visa can only be renewed once, up to 6 months. You can apply for an EB visa after expiration.Cambodia Retirement Visa (ER)Applicable people: Foreigners who want to retire in CambodiaValidity period: Valid within 1 month from the date of entry into Cambodia. It can be extended in Cambodia, and each extension can be up to 1 year.Requirements: Applicants must be over 55 years old and demonstrate sufficient pension or savings to support life in Cambodia.Cambodia Student Visa (ES)Applicable group: Foreign students studying in educational institutions registered in Cambodia.Validity period: The initial visa is valid for 1 month, and can be extended in Cambodia according to the study period.Requirements: Admission letters or supporting documents from the school are required.Visa Application Methods: There are three ways to apply for a Cambodian visa: visa on arrival, electronic visa and embassy. Both visa types can be applied for through these three methods.1. Visa on arrivalPassengers entering by air, land, or sea can apply for a visa on arrival at the border port. A visa on arrival provides great convenience to international passengers travelling to Cambodia, making tourism or temporary business visits simpler and more flexible.Cost: 30 USD for a tourist visa (T Visa), 35 USD for an ordinary visa (E Visa)Application Process:Arrive at the port of entry (such as Phnom Penh New International Airport, or Siem Reap New International Airport);Fill in the immigration card, which can be obtained on the plane. If you do not receive it, you can get it at the entry point;Submit the completed entry card, visa application form, passport and fee to the designated service window;Take photos and fingerprints under the instructions of the immigration officer, and then wait for review and issuance;Precautions:Prepare a complete set of information in advance to facilitate smooth entry;You must pay cash in US dollars when applying for a visa on arrival. It is best to prepare enough cash in advance to avoid delays caused by payment problems2. Electronic Visa (e-Visa)Cambodia Electronic Visa (e-Visa) is a convenient way to obtain a visa. Travellers can apply online to obtain permission to enter Cambodia.Official website: www.evisa.gov.khSample of e-visa. (Supplied)Application Process:Step 1: The first step is to log in to the official website, click to enter the application page, and fill in the information truthfully;Step 2: is to upload the scanned copy of the original passport and photos;Step 3: is to pay the fee, which supports credit card (Visa), MasterCard (MasterCard), China UnionPay (UnionPay), Alipay or WeChat payment;Step 4: Submit after confirmation and wait for the approval. The processing time is about 3 working days. Step 5: Print the electronic visa. Once the application is approved, the Immigration Bureau will send the electronic visa to the applicant's email address, and travellers need to print it out and carry it with them to present it when entering the country.Cambodia tourist visa (T visa)Fee: USD 30 + USD 6 (handling fee)Validity period: 3 months (from the date of issue)Entry: Single entry onlyLength of stay: 30 daysReview time: 3 working daysRequired materials: Copy of original passport (valid for more than 6 months), electronic white background photo (size 3.5 x 4.5cm), valid email address, itinerary information (such as planned stay date, port of entry, hotel, etc.)Cambodia Ordinary Visa (E Visa)Fee: USD 35 + USD 7 (handling fee)Validity period: 3 months (from the date of issue)Entry: Single entry onlyLength of stay: 30 daysReview time: 3 working days Requirements: Copy of original passport (valid for more than 6 months), electronic white background photo (size 3.5 x 4.5cm), valid email address, itinerary information (such as planned stay date, port of entry, check-in hotels, etc.)It is worth noting that electronic visas are only applicable to ports of entry designated by the Cambodian government. Before travelling, it is best to verify carefully to confirm that your intended port of entry. List of Cambodia’s ports of entry that support electronic visas:Phnom Penh International AirportSiem Reap International AirportSihanoukville International AirportCham Yeam (Kong Kong) Port-Thailand BorderPoipet (Banteay Meanchey Province)-Thailand BorderBavet (Svay Rieng Province)-Vietnam borderTropaeng Kreal Border Post (Stung Treng Province)-Laos border3. Embassy Application An embassy visa refers to the visa applied at the nearest Cambodian consulate in your home or visiting country. Application processDetermine the visa type: First, determine the type of visa you need (such as tourism, business, student, etc.), because different types of visas have different application requirements and procedures.Preparation materials: Generally speaking, applicants need to provide a valid passport, visa application form, passport-size photos, invitation letters, hotel reservations, round-trip air tickets, etc. The specific requirements depend on the visa type.Apply: Submit your complete visa application and relevant documents to the nearest Cambodian embassy or consulate. Some states may allow submission by mail.Pay the visa fee: Pay the corresponding visa fee according to the type of visa applied for. For fee standards, please refer to the official announcement from the Cambodian embassy or consulate to which you are applying.Waiting for approval: After applying approval times can range from a few days to a few weeks, depending on the processing speed of each embassy or consulate.Other visa types in CambodiaIn addition to the visas mentioned above, other visa types are available for different groups of people.Official Visa (B Visa): Applicable to employees of organizations stationed in Cambodia at the invitation of the government, such as the United Nations or the World Health Organization.Visitor Visa (C Visa): This is a free visa for employees of international NGOs who have signed a Memorandum of Understanding (MoU) with the Ministry of Foreign Affairs.Long-term residence visa (K visa): Applicable to Cambodian people holding foreign passports, this visa can obtain a lifetime visa for free.Cambodian Child Visa: All non-Cambodian children must have an E visa to enter Cambodia. If one of the child's parents is Cambodian, a K visa is applicable.

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Tips When Buying Shophouse in Cambodia

August 31, 2023, 6:37 a.m.

When exploring property options, you will undoubtedly come across shophouses. Regardless of whether they are newly built or old, they represent a unique property type that can be found all over Southeast Asia, and Cambodia is no exception. However, the question arises: What are the key considerations needed when purchasing shophouses? In this article, we will explain various types, locations, and property histories.Types of Shophouses Shophouses are possibly the most desired property for Cambodians, due to their versatility, whether it be a business, home or even both. A shophouse layout comes in many shapes and sizes, however, they are generally a standard size of 4 metres by 16 metres (13 feet by 52 feet). Generally, these shophouses are two, three or four ﬂoors high, with a long and narrow layout. Shophouses sit in a row and share a joining wall with the neighbouring house. A traditional shophouse usually has a narrow frontage and extends deep into the block. It has a ground-floor commercial space, and the upper floors are used for living quarters. In contrast, modern shophouses often have wider frontages and more floors, in some cases, a mezzanine is also a feature of shophouses making them suitable for larger commercial enterprises. These unique properties offer the best of both worlds: a storefront or commercial space on the ground floor and residential living quarters on the upper floors. Strategic Location Location is a crucial factor when buying a shophouse in Cambodia. Ideally, a shophouse in a bustling commercial or the potential of an area with high foot traffic for example. If you are buying a shophouse in a borey, look at the main arterial roads or the proximity to these roads, as they will receive the most trade on completion of the project. Shophouses in areas with a mix of retail shops, restaurants, and other commercial establishments, will attract more customers to business. In Phnom Penh, popular areas where you can find shophouses are Daun Penh, Orussey and Sen Sok. Property’s History Many shophouses in Cambodia are old and historic, and it's essential to research the property's history before making a purchase. In case the property has been in existence for a long time, it is recommended to seek advice from a property consultant to find out if the building has undergone any renovations or restorations, and most importantly if it is listed as a heritage building. It is also important to consider that old shophouses generally do have only soft titles as a certificate of ownership. A soft title has the advantage of being easy to transfer, at a cheaper price and there is no need for transfer tax, however, it might not be the strongest form of title ownership. Luckily, not all shophouses in Cambodia are old. Developers have been constructing modern shophouses that are equipped with more floors and wider frontages, modern interior design and space for businesses. Generally, new projects come with hard title ownership. Regardless, of its year of construction, it is essential to verify the ownership title it holds prior to purchase. To find out more about the available offers, click here.Overall, investing in shophouses offers several advantages, with a prominent one being their potential for capital appreciation. This is driven by their mixed-use flexibility, which attracts a wide range of buyers and tenants. Shophouses are often positioned in prime locations, often near essential amenities and transportation hubs. This also presents an opportunity for rental income through their commercial spaces, further enhancing their appeal as a sought-after property investment.The process of buying and selling real estate in Cambodia can be overwhelming, especially when buying a property it is advised to conduct due diligence on the property's title and measurements. Once both parties have agreed on the negotiation terms, a Sales and Purchase Agreement (SPA) should be drafted. To ensure a smooth transfer of ownership, it is recommended to engage a real estate agent to handle the transfer of documents and liaise with the relevant ministries and with payment matters.Looking to buy shophouses in Cambodia? Tell us what you need and let us do the searching for you, for free.

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Understanding Short-Term & Long-Term Goals in Real Estate

June 10, 2024, 2:23 a.m.

In real estate, short-term and long-term goals refer to different timeframes and objectives that investors or property owners have for their real estate investments. In the following article, we will provide an overview of these terms and explore effective ways to utilise both short-term and long-term goals for effective results. It aims to help new property seekers in decision-making and overall strategy in the real estate market.Short-Term GoalsShort-term goals in real estate typically have a timeline of one to three years. These goals are focused on achieving relatively quick results and often involve strategies that aim for immediate returns on investment. Some common short-term goals in real estate include:Flipping Properties: Buying distressed properties, renovating them, and selling them quickly for a profit.Rental Income: Generating rental income from investment properties to cover operating expenses and yield positive cash flow.Wholesaling: Identifying and securing properties at a low price and quickly reselling them to other investors for a fee.Fix-and-Hold: Purchasing properties, making necessary repairs, and renting them out for consistent rental income.Short-term goals are generally more focused on immediate gains and can involve higher risks than long-term strategies.Long-Term GoalsLong-term goals in real estate usually span five years or more. These goals often involve a more patient and strategic approach to building wealth and achieving financial stability. Some common long-term goals in real estate include:Appreciation and Equity Building: Holding onto properties over an extended period to benefit from property value appreciation and equity accumulation.Passive Income: Acquiring rental properties to create a passive income stream for financial freedom.Portfolio Diversification: Building a diverse real estate investment portfolio to spread risks across various property types and locations.Legacy: Creating a real estate portfolio that can be passed onto future generations as part of a family legacy.Long-term goals in real estate generally involve a more stable approach to wealth building, focusing on the potential for consistent returns and financial security over an extended period.It's essential for investors and property owners to align their short-term and long-term goals before investing in real estate. A balanced combination of short-term and long-term objectives can help create a well-rounded and successful real estate investment portfolio. If you are new to the property market and looking to make a smart investment, at Realestate.com.kh, we provide accurate and up-to-date information on properties in Cambodia. Speak with our real estate agent today by clicking hereIf you are interested to see properties for investment in Phnom Penh, click belowClick Here

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What is Freehold and Leasehold Ownership in Cambodia?

July 12, 2023, 7:49 a.m.

When considering the purchase of a property, it is essential to understand the different types of ownership structures available. The two primary forms of flat ownership are freehold and leasehold. This article aims to define and shed light on the distinctions between these two ownership models in Cambodia, allowing prospective buyers to make informed decisions.Freehold Ownership Freehold ownership refers to absolute ownership of a property, including the land on which it is situated. Acquiring a property that one can own indefinitely, with the freedom to possess it for as long as desired, is a goal for many individuals. In Cambodia, this aspiration can be achieved through the acquisition of a property with a "Hard Title." Considered the most superior form of ownership, a Hard Title proves the ultimate status of ownership of the property. Recognised on a national level, Hard Titles are issued by the Ministry of Land Management, Urban Planning, and Construction, ensuring their legal validity. Each Hard Title certification is stored in the national land database, providing an additional layer of security, as it cannot be revoked or taken away by anyone. Furthermore, foreign individuals have the opportunity to own properties with Hard Titles, with their equivalent through strata title when purchasing a condominium allowing them to invest in Cambodian real estate with confidence and long-term stability.Leasehold Ownership Leasehold ownership, on the other hand, involves the purchase of the right to occupy a property for a fixed period, as stipulated in a lease agreement with the landowner or the developer. In this scenario, the land on which the real estate stands is owned by another party, such as a developer or landowner. The leasehold period can vary widely, ranging from a few decades to several centuries, depending on the terms of the lease. In Cambodia, leasehold ownership is a common arrangement, with a typical lease term of 50 years and the option for a one-time renewal of 99 years. The Cambodian government grants leasehold rights to specific companies or entities for the purpose of investment or development. During the lease period, the leaseholder has exclusive possession and usage rights over the land and any premises built on it. However, it is important to note that at the end of the lease term, the government retains the right to reclaim the land and any structures on it.Leasehold ownership in Cambodia also allows for foreign ownership, enabling individuals from outside the country to participate in the real estate market. It opens doors for foreign investors to engage in various sectors, including residential, commercial, or industrial properties, within the specified leasehold period.It is advisable for those considering leasehold ownership in Cambodia to consult legal professionals and thoroughly understand the terms and conditions of the lease agreement, including any potential obligations, restrictions, and renewal options. By doing so, investors can make informed decisions and navigate the leasehold process with confidence. To provide a comprehensive comparison between freehold and leasehold ownership in the context of condominiums in Cambodia, the following chart outlines the key distinctions and features of each ownership type:Ownership Type Freehold OwnershipLeasehold OwnershipDefinitionAbsolute ownership of the property and landPurchase of the right to occupy for a fixed periodLand OwnershipIncludes ownership of the landLand ownership retained by another partyDurationIndefiniteFixed period, typically 50 years with a renewal option Renewal/ExtensionN/ARenewal or extension is possible depending on lease terms and a one-time renewal of 99 years.Ownership RightsFull rights to use, modify, and sell the property and share in decision-making forExclusive possession rights during the lease period. Compliance with lease terms, including payment of rent and adherence to lease conditionsForeign OwnershipPermitted for individual strata title basisForeign ownership allowed within the leasehold period for investments and developmentProsPermanent ownership, control, and flexibilityOpportunity for investment without full ownership. ConsHigher initial investment and potential risksLimited control over the property and land. The eventual return of property at lease expiration. ConclusionIn the context of Cambodia, both freehold and leasehold ownership options are available for foreigners. The Cambodian Law allows foreigners to own condominiums on an individual strata title basis, granting them freehold ownership rights. This means that foreign buyers can acquire absolute ownership of the unit, as well as a proportional share of the common areas and facilities. Freehold ownership provides foreign investors with a sense of security and controls over their property investment.On the other hand, leasehold ownership is also prevalent in Cambodia, especially in cases where the land is owned by Cambodian individuals or entities. In leasehold arrangements, foreign buyers can enter into long-term lease agreements, typically for durations of 50 years or more, with the landowner or developer. During the lease period, the foreign buyer has exclusive possession and usage rights of the real estate. Leasehold ownership can be an attractive option for those seeking to invest in Cambodian real estate but may prefer not to pursue the freehold ownership route.It is essential for potential buyers in Cambodia to carefully review and understand the terms and conditions of both freehold and leasehold ownership options. Seeking professional advice and conducting is highly recommended to ensure compliance with Cambodian laws and regulations governing property ownership. If you are interested to learn more in detail about the ownership structure in Cambodia, our real estate agents are ready to assist you. Contact us today. Click Here

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What Is An Off-Plan Property in Cambodia?

August 30, 2023, 6:50 a.m.

Are you looking to invest in real estate but unsure where to start? You might have heard of off-plan properties or new development projects. In this article, Realestate.com.kh will provide a comprehensive overview of an off-plan investment, its benefits and risks and finally where to find reliable projects.What Is An Off-Plan Property?An off-plan property refers to real estate that is sold before construction has begun, or while construction is still in progress. The concept of off-plan property is based on the idea that buyers can secure a property at a lower price than if they were to wait until it is completed. Off-plan purchases are popular with investors and homebuyers alike and Cambodia is no exception. Benefits of An Off-Plan PropertyThe benefit of the off-plan property for investors and home buyers is that purchases can benefit from capital appreciation. As the property is being built, its value may increase, providing the buyer with an opportunity to make a profit if they choose to sell before completion. This is particularly true in areas where property prices are rising rapidly, and in areas where there is a high demand for new housing. In addition, early buyers of off-plan projects have the opportunity to customise their property to their liking. This can include selecting finishes, fixtures, and appliances, and making changes to the layout and design of the property. Risks Of An Off-Plan PropertyDespite its many advantages, the off-plan property does come with some risks. For example, there is always the possibility that the development may be delayed or even cancelled, leaving buyers with a property that they cannot occupy or sell. Additionally, upon completion, the unit may not resemble the show unit or plans that compelled you to buy the property. It is always advised to do your research and work with a local property advisor to help you navigate the property market. Ensuring you buy from a trusted developer with a track record, is highly recommended. It is preferable to have pre-agreements with the developer prior to signing your Sales and Purchase Agreement (SPA), Typically buyers will have 20 days between booking the unit and signing the SPA, and you should always consult with your local property advisor when reviewing property purchase-related agreements. Additionally, we recommend considering seeking legal advice. To read more in detail about the process of buying off-plan property click here. In conclusion, the off-plan property can be a great investment opportunity for those willing to benefit from:Low prices,Customisation optionsPotential capital appreciation. If you are interested in exploring off-plan properties available in Cambodia. You may visit realestate.com.kh, which collaborates with all the licensed developers operating in the market to find reliable projects. If you are looking to find a reliable project in Cambodia, we make it easy for you Click Here

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payment-method-for-realestate-in-cambodia

Common Payment Methods for Buying Properties in Cambodia

April 29, 2025, 3:28 a.m.

Buying a property for the first time in Cambodia can be a bit confusing, not only for foreigners and expats but even for locals. If you are considering investing in the real estate market in Cambodia, you should know how many options there are for you to choose from in order to make payments to purchase a property in Cambodia. In this article, Realestate.com.kh will introduce common payment options for buying properties in Cambodia.Common payment methods for buying houses in Cambodia include:Full payment Monthly installment paymentDeveloper financingBank financing - Mortgage loan Payments based on construction progress1. Full payment Full payment refers to the total amount of money owed by a buyer to the seller for the purchase of a property, including the purchase price and any additional costs. The buyer pays the full amount within 30 days of signing the sales and purchase agreement (SPA). This is the most favourable payment method if you want to get the best investment price.In addition, if purchasing a villa or individual housing, the buyer can request that the developer speed up the construction as well! How does it work? Buyer pays the full amount after buying the SPAWho is it for? Local and foreign buyers who have the full amount available upfront.ProsNo interest or financing costFaster process (transaction process and construction speed)ConsRequires a large amount of resources (cash flow in all forms) Limited flexibility for managing financial flow2. Monthly installment payment Monthly installment payment is a payment method that allows buyers to pay for the property they purchase in smaller, regular payments over a set period. Instead of paying the full cost upfront, the total cost is divided into monthly payments, making it more manageable for consumers. This method is commonly used for either off-plan or under-construction projects.There are some conditions that come along with the payment. For instance, buyers will need to deposit down payment for the first stage, then paid the remaining amount according to the monthly dividend along with the interest fee as well. To attract more buyers, developers usually set a period for the buyers to pay without interest fees. For instance, let's say Mr. Dalin purchases a pre-sale condo in Phnom Penh, Cambodia, which costs $100,000. The developer offers a payment plan of two-year interest-free installments. In this case, the cost of the apartment can be divided according to the chart below:FundAmountPayment TimelineDeposit / Booking fee$2,000 - $3,000Pay on the day of purchaseDown payment30% of the total house payment$100,000 x 30% = $30,000Pay when signing the sales and purchase agreement Installment payment$100,000 x 70% = $70,000$70,000 ÷ 24 months = $2916/monthWithin 2 years (24 months)This is an example of the monthly installment payment. Another popular option for this method could be: FundAmountPayment TimelineDeposit / Booking fee(Starting from) $1,000Pay on the day of purchaseDown payment20% of the unit cost$100,000 x 20% = $20,000Pay when signing the sales and purchase agreement Installment payment40% of the unit cost (paid monthly)$100,000 x 40% = $40,000$40,000 ÷ 24 months = $1,667/monthWithin 2 years (24 months)Final payment40% of the unit cost = $40,000Happens during the handover period The key difference between these two options is that buyers are required to pay only 60% upfront, with the remaining 40% due upon handover of the unit. This arrangement helps buyers stay financially prepared in case of any delays in the handover by the developer. This is a great option for those who are looking to purchase a property without much financial pressure, as the buyers can divide their cash flow more efficiently. However, buyers should always make sure that the contracts clearly outline conditions for each payment milestone to avoid any future conflict. If you’re not confident enough and want to know in detail about any of these methods, feel free to contact or visit us at Realestate.com.kh now for more professional guidance!Additional reading: 50 Must-Know FAQs for Real Estate Investors in Cambodia3. Developer financing This option is often used in conjunction with the monthly installment payment method above. Developer financing is a type of financing where the developer of a property provides the financing to the buyers, typically for a new construction or development project. This type of financing may offer flexible payment terms, low down payment requirements, and other incentives to attract buyers, as mentioned above!What is it? Similar to monthly installment payments, the developers offer in-house payment plans with flexible terms to attract more buyers.How does it work? Buyer typically requires a 20%–30% down payment.Balance is paid over a specific period.It works differently according to the developers, but some might offer longer interest-free payment. ProsLonger loan term Smoother transaction process because the buyers can pay directly to the developers. Simpler and easier to approve compared to bank loans ConsHigher interest rates compared to bank loansOwnership transfer may only happen after full payment4. Bank financing - Mortgage loan Bank financing refers to financing provided by a traditional lending institution such as a bank or credit union. Mortgage loans are a type of credit facility known as term loans that are used to help customers buy or refinance residential properties in Cambodia for either personal use like living or for business or investment purposes.Currently, many major local banks offer mortgages to both Cambodians and some foreigners, but foreign mortgage options are often limited (mostly for foreigners with residency or long-term visas). Typical loan conditions include 50-80% of the property value, interest rates between 7-10% annually, and repayment periods up to 25 years (depending on banks). Basic requirements for a mortgage loan include: Credit ScoreMost banks require a minimum credit score, depending on the loan type and scope. A lower credit score may result in a higher interest rate or other less favorable loan terms.Income and EmploymentBanks need to see proof of your income and employment to determine if you can afford the mortgage payments (things like bank statements, or other work-related documentation)Assets and LiabilitiesBanks will review your assets, such as savings, investments, and other properties, to assess your financial stability. They will also consider your existing debts (past loan or credit card statements)Down PaymentThe down payment is the portion of the purchase price you pay upfront. **A larger down payment can reduce the amount you need to borrow and may also lower your interest rate**Other DocumentationYou should always prepare these documents beforehand: Proof of income and employment.Bank statements.Tax returns.ID and address proof.Sale and purchase agreement for the property.Other relevant documents.But the most important question is still this: Can foreigners get a mortgage in Cambodia?Actually, yes, foreigners can generally receive mortgages in Cambodia, however, the process and available options may be more limited than for locals. Foreigners, especially those who are living and working in Cambodia, can apply for home loans from certain banks. Currently, banks like RHB Cambodia, J Trust Royal Bank, Vattanac Bank, Maybank, and ACLEDA offer mortgage loans for foreigners as well (conditions and requirements vary for each bank). Further reading: Owning property via a trust in Cambodia: How does it work?5. Payments based on construction progressPayment by instalment based on construction progress is a financing method commonly used in the construction industry. This payment method involves dividing the total cost of the project into several instalments, which are paid based on the completion of specific stages of the construction process. The payment schedule is typically outlined in the construction contract, with specific milestones and percentages of the total cost assigned to each instalment.An example of the structure for this kind of payment: First payment30% down payment upon bookingSecond payment20% to be paid after the foundation work is completedThird payment20% payment after the property is topped offFourth payment20% upon completion of interior decorationFinal payment10% upon completionPayment by installment based on construction progress offers several advantages for property buyers. One of the key benefits is the ability to raise funds in stages, aligning payments with the ongoing progress of the construction. This staged approach significantly reduces financial risk, as buyers only pay once specific milestones are achieved, ensuring that funds are not fully committed upfront. Additionally, since this method does not involve borrowing from financial institutions, there are no interest costs, making it a cost-effective option for many buyers as well.6. Mixed payment methodConsider all of the 5 options above, many developers, whether for condos, houses, or other properties, still offer flexible payment options, mainly tailored to meet the buyers’ financial situation. They can help buyers customize and mix different payment methods to make their purchase more manageable and convenient.For example, when purchasing a condo, the developer can offer the buyer to choose the monthly installment method before the handover period, then either use the developer financing or bank financing options after the handover is completed. **example of an option only**DepositNormally starts from $1,000Down payment20% of the unit cost Installment payment40% of the unit cost divided by 24 months with an interest-free installment Final payment(Loan option)40% of the unit cost is covered by using the developer or bank financing options when the unit is being handed overProperty developers usually offer mixed payment methods to increase the accessibility of their properties and attract a wider range of buyers as well. By providing or mixing various payment options, developers can accommodate different financial situations and preferences, potentially leading to more sales.In short, Choosing the right payment option when buying property in Cambodia depends on your financial capacity, long-term goals, and the type of property you’re eyeing. Whether you opt for a one-time full payment, prefer the flexibility of monthly installments, or want to explore developer or bank financing, understanding each method’s pros and cons can save you from unexpected complications down the line. Whether you’re a first-time buyer or simply exploring your options, Realestate.com.kh is here to answer all your questions!-Contact us now via- 📞+855 92 92 1000📧 info@realestate.com.khOr come and visit us at The Connect Center- Opening hours9:00 - 5:00 Monday-Friday 10:00 - 5:00 Saturday - Sunday Location: #306BCD,Monivong Blvd (93) Sangkat Chakto Mukh, Khan Doun Penh, Phnom Penh

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What is the difference between Hard Titles and Soft Titles in Cambodia?

June 26, 2024, 9:15 a.m.

When buying houses or land in Cambodia, you often encounter two types of property rights: "hard titles" and "soft titles." So what exactly are hard titles and soft titles and what are the differences between the two? Why does the same piece of land have different types of property rights, and what should investors pay attention to in the selection process? In this article, we will provide an overview of property rights in Cambodia. History of Land Ownership in CambodiaFirst and foremost, understanding Cambodia's history is crucial for investors to interpret land ownership in the country correctly. Cambodia has had a turbulent past, with the impacts of the Khmer Rouge and years of civil war still evident in various aspects, notably in the real estate market. Between 1975 and 1979, the Khmer Rouge abolished private property ownership and destroyed all official property records. At that time, all land belonged to the state and not to individuals. Even after the fall of the Khmer Rouge, property ownership remained unrecognised for the following decade, and all property was considered government-owned. It wasn't until 1989 when Cambodia enacted the "Land Law" that private land ownership was restored. In 2001, Cambodia issued a revised version of the "Land Law," which established a land registration system, allowing individuals to register their land within a legal framework and obtain recognition at the national government level. This law is still in effect today. Registering land in Cambodia is a complex and challenging task, especially when many property ownership documents have been destroyed or are insufficient. As a result, a multi-tiered system has developed, where different types of property rights represent different levels, mainly determined by the level of government where the land/property is registered.What is a "Hard Title"?"Hard Title" refers to a property ownership certificate issued by the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) in Cambodia. The land details are certified at the national level, making it the most secure and advantageous form of property ownership in Cambodia. The transfer of "Hard Title" requires a 4% transfer tax and typically takes about 4 to 6 weeks to process.What is a "Soft Title"?"Soft Title" is obtained from the local district/county office and is not at the national level, but is still considered a form of property ownership. "Soft Title" is widespread in Cambodia, with around 70% of properties in major cities having this type of ownership, and the number goes up to 80% in rural areas. The process of obtaining a "Soft Title" is relatively quick, usually taking only about 10 working days.What are the Advantages and Disadvantages of "Hard Title" and Soft Title?Property Title TypeAdvantagesDisadvantagesHard Title- Recognized at the national level.- Limited availability of properties with hard rights. - Clear and indisputable property rights.- Complex transaction procedures. - Can be used for mortgage loans.- Incurs a 4% transfer tax. - Lower prices.- Only recognized at the local level. - Risks of boundary overlaps.Soft Title- Cheaper prices.- Limited availability of optional properties. - More convenient transfer procedures.- Tedious processing. - Avoidance of the 4% transfer tax.- Not eligible for mortgage loans. What Is The Difference Between Both?The fundamental difference between hard titles and soft titles lies in the ownership certificates provided by different authorities. "Hard titles" refers to ownership certificates issued by the National Land Management Planning Bureau, while "soft titles" refer to ownership certificates provided by local district or county offices. Having "hard titles" means you are the complete owner of the land, with rights to possess, use, profit from, and dispose of the land. "Hard titles" are the most secure and reliable form of property rights. The new version of the hard card can be scanned with its attached QR code to obtain detailed information about the land, including its location, dimensions, size, and the name of the landowner, among other accurate details. On the other hand, "soft titles" means you are only a legal occupant of the land and do not have sufficient evidence to claim full property rights. This is why in cases where two landlords claim the same piece of land, the one with "soft title rights" will eventually lose the land. "Soft titles" also carry the risk of incorrectly defined boundaries or overlapping with neighbouring plots. However, it's worth noting that "soft titles" are not without advantages. Compared to "hard titles," the process of obtaining "soft titles" is more cost-effective. To avoid transfer taxes, many real estate transactions are still conducted using "soft title rights."How to Distinguish Between Genuine Hard Title and Soft Titles?To ascertain the authenticity of property rights or avoid a situation where a piece of land has both hard and soft titles rights, buyers can obtain the property rights certificate and its copies from the landlord, and then conduct investigations and verification through registration with the Ministry of Land and Resources, Urban Planning and Construction Department, and the local land management office. You can also research the history of the land, such as how many times it has changed ownership and whether each transfer followed the legal procedures strictly, whether taxes were paid on time, etc., to verify the legitimacy of the soft title rights held by the landlord.In Cambodia, land registration officials handle hard property cards based on regions. For instance, when it's time for a village to apply for hard property cards, all villagers will be notified to come and register. You can inquire with neighbours whether they possess a hard title. If any of these neighbours have hard titles, it indicates that the government has issued hard title rights for that area.What If the Property/Land Only Has A Soft Title? A soft title is worth considering, depending on how you plan to deal with the property. For example, a popular trend is to renovate old properties and then resell them at a higher price, with the goal of not holding onto the property for the long term but rather making a quick resale. If you intend to hold onto the property for the long term or invest a significant amount of money into it, then a hard title would be a better choice as it offers more security. Furthermore, many soft titles can be converted into hard titles, so you can inquire about the possibility of converting them before making a down payment. If you are new to Cambodia's property market, speak to our real estate expert today. At Realestate.com.kh, we provide free viewing and consultation with accurate and latest information when it comes to properties tailored to your needs. If you are interested in finding properties in Cambodia, we have 50,000 listings on our website, feel free to contact us for a free view and consultation here Click Here

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Location Comparison: Buying in CBD vs Suburbs in Phnom Penh

August 3, 2022, 9:50 a.m.

The old adage of “location, location, location” rings true in modern-day Phnom Penh’s property buying scene. The Cambodian capital is at a point where its core districts are forming with skyscrapers while its outer districts are covered in sprawling gated communities, locally known as boreys.In this guide by Realestate.com.kh, we will be giving you an overview of the pros and cons of buying between Phnom Penh’s modernizing central business districts and its fast-developing suburban areas. And hopefully, by the end of this brief overview, you get to answer: “Where is the best place to live in Phnom Penh?”.What are the Central Business Districts in Phnom Penh?While there are no official distinctions on what the city’s CBDs are, the de facto areas considered CBDs are Phnom Penh’s core districts: Daun PenhBeoung Keng Kang (mainly BKK1)Toul KorkChamkarmon (mainly Tonle Bassac)7 MakaraBeing on the ground in the capital city, one can easily see that these districts are much more developed in terms of concrete roads, sidewalks (some areas), and of course, towering buildings where big multinational corporations, financial institutions, banks, law firms and government offices are located.These districts also host a high concentration of commercial and other leisure establishments such as shopping centres, high-end bars, restaurants and shops that offer branded goods and services.Phnom Penh’s central business districts are also where the mobile and standard internet connections are the strongest and most readily available. Suffice to say, Phnom Penh’s CBDs are where modern city staples are found.Looking for properties in the city centre? Let us help!Advantages of living in CBDCentral Business Districts (CBD) as mentioned above are where most staples of a modern urban centre are found. Residents living within the core districts of Phnom Penh enjoy a diverse set of amenities and conveniences that make city-living the popular lifestyle that it is.Shopping malls such as AEON Mall 1, Chip Mong Noro Mall, Eden Garden, Olympia Mall, Exchange Square and a few others are just within 5km of each other. This isn’t even counting the myriad of small and medium enterprises (SMEs) found in shophouses lining the capital city’s main roads. Whatever it is you might need, Phnom Penh’s core districts have you covered.Speaking of having you covered, most delivery services have Phnom Penh’s inner city in its service range. Foodpanda and Nham24 are the biggest delivery services in Cambodia and their operations only became more cemented in the daily life of Phnom Penh’s residents at the height of the pandemic (2020-2021). Being in the CBDs allows for much more delivery choices (and cheaper delivery charges) when it comes to deliveries if you’re feeling like a couch potato for the day!Living in the CBDs certainly presents the most convenient options when it comes to working as well. Most companies are headquartered in the core districts and living close to work is an advantage of its own, especially in the context of Phnom Penh’s returning rush hour traffic. Compared to workers living far away, you potentially save more time given you’re on the road less travelling 5-6 days a week.When it comes to future returns, your property purchase in the inner cities is almost guaranteed. Property prices in the city centre have almost doubled for a good part of the decade. According to CBRE’s Fearless Forecast 2022, inner-city property values have had a 10% year-on-year price increase. This is mainly due to the development of the city centre and the entry of foreign businesses as well the rise of many Cambodian conglomerates, all vying for an address in Phnom Penh’s CBDs. So, if you ever decide to sell your property, there’s almost a good chance you’re going to get a significant return after some time.Drawbacks of living in CBDLiving in the city sounds great, doesn’t it? If so, then why are people choosing to live elsewhere? Despite the conveniences, there are still significant drawbacks of living at the centre of it all.For starters, properties in core areas cost significantly more compared to outer districts. Price differences vary but you can expect to pay a premium of 30% to even 50% more depending on where you’re looking. The upfront cost of buying a home in the city centre is what drives most locals to looking outside the city centre. Convenience comes at a price, after all.But let’s say you can afford the higher upfront cost, the drawbacks simply don’t stop there. City centres are busy for most of the day and that might be a deal-breaker if you’re someone looking to live in a private and quiet area. Phnom Penh might be small compared to its neighbouring capital cities, but it still is a bustling city jam-packed with cars, motorcycles, tuktuks, pedestrians and everything else in between. Finding a genuinely serene place to call home is significantly more challenging in the inner city.Truth be told, Phnom Penh is a sight to behold, especially if you compare it to how it was just over a decade ago. One of the things you can readily notice is the lack of green spaces back then as opposed to how it is now: a jungle made up of concrete and glass buildings with small parks scattered sparingly throughout the city. Not exactly a refreshing vista.If these drawbacks include some points you require for a home, then you might be wondering, where can I have these things? You’ll be relieved to know you can still enjoy a serene lifestyle, you just have to look at the suburbs of Phnom Penh.Advantages of living in the CBDDrawbacks of living in the CBDModern city amenities are convenient and numerous such as malls, schools, restaurants, cafes and deliveryLess travel time to where one would likely be workingAlmost guaranteed returns given development is already there or is close to being realizedHigher upfront costs when purchasing propertyPrivacy and quiet are premiumsLess greenery; parks are sparsely scatteredWhat are the suburbs of Phnom Penh?The suburbs of Phnom Penh do not differ too much from how one would expect a suburb would be. These are the outer districts orbiting the CBDs and have increasingly become popular among locals, and communities of expatriates, as residential choices. Chroy ChangvarRussey KeoSen SokPor Sen CheyKamboulMeancheyChbar AmpovDangkaoPrek PnovThe rise of Phnom Penh’s suburbs has been a gradual and consistent endeavour from the city’s urban planners and private developers. Property prices and the overall lack of available space to develop is pushing expansion outwards - as is the natural progression of real estate markets around the world.Phnom Penh’s suburbs now offer a significantly better quality of living given that infrastructure for basic necessities such as electricity, water and internet connection is now available in more of these areas with further improvements on these utilities being realized on an annual basis.Commercial developers are also looking outside of Phnom Penh for business expansions. Big developers such as local conglomerate Chip Mong and Japanese-owned AEON have broken ground on several projects outside of the city centre to capture the growing market of suburban residents.However, it is the residential sector that has been recently driving growth in Phnom Penh’s suburban districts. Large residential developments such as Peng Houth, Chip Mong and Orkide are taking what they’ve learned in the past decades and applying new residential technology in their new borey projects.If you’re unfamiliar with boreys, these are a collection of landed homes of varying types and sizes all securely located in a gated community. These residential developments are popular among locals and are often the first choice of most Cambodian property seekers, especially those with families.Realestate.com.kh’s recently concluded Consumer Sentiment Survey observed that Chroy Changvar, a peninsular district in Phnom Penh’s northeast, is the most sought-after single district. And with Cambodia’s growing middle class, demand for these properties has only increased and will likely continue to do so in the next few years.Looking for property in the suburbs? Let us help!Advantages of living in the suburbsProperties in Phnom Penh’s suburbs are significantly much more affordable than those in the city centre. For the same price, your $100,000 can get you a 3-bedroom villa with a spacious kitchen and living room, not to mention your own back yard and a garage, as opposed to probably a 2-bedroom unit in the middle of the city with parking probably still not included in the price. Development of the suburbs is also picking up pace and the ceiling for returns is still uncapped, further adding to your purchase value as time goes on.But it’s not just about the value-for-money you’re getting. A sense of community is very much part of Cambodian culture and the suburbs present an opportunity for homeowners to make friends and be personal with their neighbours. You can think of this as adding to your network of friends, and you know what they say, your network influences your net worth!To further this community building, big developers are including city amenities within their boreys. These range from clubhouses, swimming pools, gardens, playgrounds, sports centres, restaurants, shops and even community shopping malls. These places allow for community building as well as providing for the needs of residents without them feeling the need to travel to the city.Drawbacks of living in the suburbsLiving in the suburbs can be a dream, especially for the modern Cambodian family. However, there are still a few drawbacks worth reminding you if you’re considering buying in Cambodia’s suburbs.First and foremost is the distance one has to travel to get to the city. No matter how luxurious a borey can be, it’s more than likely that you can afford that property because you work in the city. Phnom Penh barely has any public transportation available and the roads (except for National Roads/Highways) often leave something to be desired, particularly during and after the rainy season.Traffic is something you will have to contend with when traveling into or out of the city. Many workers in the city centre live in the suburbs of Phnom Penh and it’s likely your time at work coincides with theirs. It’s quite common for someone living just 20km away from the city centre to spend 1.5 to 2 hours to get home during rush hour.While residential developers are packing more city amenities in their suburban housing projects, they still cannot compete with the amount of choice living in the city centre affords. Restaurants, shops and malls are proximal to one another in Phnom Penh making it easy to mall hop on a whim. Not so much if you live in the suburbs.Advantages of living in the suburbsDrawback of living in the suburbsLarger living spaces for the same price as condominium unitsAllows of community building with neighboursCity amenities being introduced in suburban projectsMore greenery and parksGoing through Phnom Penh’s daily rush hour trafficRoad conditions from city outskirts leave something to be desiredLimited amenities compared to myriad of choices in the city centreWhere is the best place to live in Phnom Penh? For those looking to be in the middle of all the city’s happenings, the CBD or inner districts would be the best place to live. Though higher in cost, it does give back in terms of available amenities and time saved when travelling to wherever it is you decide to go.On the other hand, if you’re someone who prefers a quiet life away from the hustle and bustle of the city, the suburbs might literally be your alley. Living in the middle of the city takes its toll and significant time away from it does help one’s well-being. Homes in the suburbs additionally have wider living spaces compared to the city, hence being the choice for many Cambodian families.Finding the best palace to live in Phnom Penh’s CBD or suburban areas is ultimately a question of “What lifestyle do I want?”. Phnom Penh’s CBD and suburbs cater to different lifestyles and would be best suited for certain people who are looking to live a particular way.Need help deciding? The Realestate.com.kh Concierge service is here to help!Property Concierge ServiceArticle by:

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Expat Rental Guide: Phnom Penh

June 6, 2022, 5:07 p.m.

Phnom Penh is home to a myriad of rental choices fit for any expatriate looking to move into the bustling city. Photo from The View Serviced Residence.Phnom Penh is the economic heart and political seat of the Kingdom of Cambodia. It is, by far, the most developed in terms of infrastructure and attracts the most expatriates, and quite recently in 2019, the most tourists in the country.New travel rules for foreigners entering Cambodia 2022The city is at the forefront of Cambodia’s fast-growing economy and it only follows that many expatriates come to Phnom Penh to live and work. If you’re an expat yourself, then this Expat Rental Guide will help you figure out how to find the best expat rentals in Phnom Penh.This guide will answer the following questions you need to know as you go along looking for rentals in Phnom Penh:How much does it cost to rent in Phnom Penh?What’s the best property for an expat to rent in Phnom Penh?What amenities can I expect from Phnom Penh rentals?Where are the best areas to rent in Phnom Penh?What should I keep in mind before renting in Phnom Penh?How much does it cost to rent in Phnom Penh?The total cost of expat rentals in Phnom Penh can be as low as US $400 a month (rent + utilities) to upwards of $2,000 depending on the type of property, number of beds, amenities & services, and of course, location.So, what makes up for this total cost? Let’s find out:Monthly Rent in Phnom PenhMonthly rent in Phnom Penh for a 1-bedroom can start from $200 to upwards of $1000 a month depending on the property, amenities available (or lack thereof) and location. It should go without saying that the starting price goes up the more bedrooms there are.Location matters significantly in Phnom Penh and the closer a rental is to central areas like Daun Penh and BKK1, the higher its price is going to be. But there are always exceptions to the rule - and our team is on standby to help you find those hidden gems for rent in Phnom Penh:Find properties for rent in Phnom PenhRental Deposit in Phnom PenhRental deposits in Phnom Penh are the equivalent of 1 to 2 months of rent depending on the landlord. There’s no fixed rule regarding rental deposits so this will depend entirely on the landlord.Utilities Cost in Phnom PenhOf course, rental costs don’t stop at the rental per month. Utilities such as electricity and water factor into any renter’s monthly costs.When it comes to electricity, apartment rentals in Phnom Penh usually charge 1,000 KHR (0.25 cents US) per kilowatt-hour. Yes, electricity is relatively more expensive compared to Thailand and Vietnam so best cut unnecessary consumption!On the other hand, water is relatively cheap in Phnom Penh rentals. Apartments usually charge anywhere from 0.30 - 0.60 cents US per cubic metre while most others do not even charge at all.It’s important to mention that some apartments in Phnom Penh are classified as serviced apartments. Places like these offer hotel-like services - of varying degrees - to their tenants. These often charge “management fees” ranging from $1 to $2 per square metre to cover maintenance of common areas like lobbies, elevators, and swimming pools. Management fees are usually charged by high-end rentals like Silvertown Metropolitan and many other serviced apartments in Phnom Penh.Find serviced apartments in Phnom PenhRental TaxesThere is a withholding tax of 14% for rental properties in Cambodia. However, it is common practice for landlords to cover this.What are the best properties to rent for expats in Phnom Penh?Expatriates are free to rent any residential property in Cambodia, be it apartments, shophouses, linked houses or even big villas. So, let's take a look at what are the best properties to rent for expatriates:Apartment/CondoWestern-style apartments with modern amenities and generous spaces are easy to find in Phnom Penh. Photo from Silvertown Metropolitan.Starting rental prices:$200 for 1-bedroom apartment$300 for 2-bedroom apartment$400 for 3-bedroom apartment*Prices above are based on live listings on Realestate.com.khApartments are a common choice for many expatriates living in Phnom Penh. They offer modern amenities & services and are often located in busy urban areas where expatriates can easily access staple urban comforts like supermarkets, malls, shops and restaurants.Find apartments for rent in Phnom PenhHousesThere are plenty of landed homes available for foreign rental occupancy in Phnom Penh. Supplied.Starting rental price:$250 for 1-bedroom house$350 for 2-bedroom house$400 for 3-bedroom house*Prices above are based on live listings on Realestate.com.khForeigners may not be able to directly own landed property, but they can rent/lease them. There are landed properties for rent in Phnom Penh such as shophouses, townhouses, villas and linked houses. While there are landed homes available for rent in central districts, they are fewer and are significantly more expensive compared to a wider selection in semi-central/outer districts of the city.Find houses for rent in Phnom PenhWhat amenities can I expect from Phnom Penh rentals?Looking for a view of the city by the pool? Look no further. Photo from Silvertown Metropolitan.Many apartments/houses for rent in Phnom Penh come fully furnished and equipped, as one would expect from a modern rental apartment. This includes refrigerators, a stove, water heater, air conditioning, dining table/chairs, bed(s) and a lot of other quality-of-life inclusions. Check out our complete guide on amenities to expect in Cambodian rentals:Amenities & Fixtures found in Cambodian propertiesWhere are the best areas to rent in Phnom Penh?When looking for rentals as an expatriate, it’s important to take into account what one looks to do and, of course, budget. But let’s assume those are settled and you’re just looking at where to start. We’ve listed down below the best areas for expatriates to live in.Daun PenhDaun Penh is the de facto Central Business District (CBD) of Phnom Penh. It is the most developed area of the capital city and is where most multinational companies operating in Cambodia are found. Despite its modern facade, this district showcases plenty of Cambodia’s cultural and historical attractions such as the Royal Palace and the French colonial houses along Riverside - a popular tourist spot in the city.If you have the budget and wish to live where plenty of expatriates hang out, then Daun Penh is worth looking into.Find properties for rent in Daun PenhChamkarmonChamkarmon is a south-central district in Phnom Penh where a lot of new developments are rising. Tonle Bassac and the Russian Market area (Toul Tompoung) are popular rental areas for expatriates as these subdistricts offer the same urban conveniences as Daun Penh without the associated price tags. The district is popular among locals, expatriates and tourists and is where AEON Mall can be found and where the popular tourist stop of Russian Market is found.If you’re looking for a place with urban convenience with plenty of charm, Chamkarmon should be on the top of your list.Find property for rent in ChamkarmonBoeung Keng Kang (BKK)The Boeung Keng Kang district (BKK) is a relatively new district in Phnom Penh. Formerly part of Chamkarmon, it comprised the portion of the district next to Daun Penh CBD. Given its location, the BKK area shares much of the urban conveniences Daun Penh has while retaining the charms of Chamkarmon. The BKK1 subdistrict is where most international schools, embassies, foreign brand shops and restaurants, and a growing number of modern condos and office buildings are popping up.If you’re looking to live in one of Phnom Penh’s busiest areas, then the Boeung Keng Kang district is something worth looking at.Find property for rent in Boeung Keng Kang (BKK)Things to consider before renting in Phnom PenhWhen signing on the dotted line for rental properties, small very important details are oftentimes overlooked. But you should remember that your final lease agreement might not include many important elements that will ultimately make or break a rental agreement. You can check out our guide on a rental checklist worth going over before signing any lease!Pre-signing checklist for rental propertiesAs mentioned in the first part of this guide, the capital city is at the forefront of a fast-growing property market. There’s a myriad of rental choices available and any expatriate looking to move to Phnom Penh can find something that meets their needs with just a few clicks below:Inquire about properties in Phnom PenhArticle by:

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Discover the Top Luxury Apartments in Cambodia

April 27, 2023, 4:24 a.m.

Luxury properties often indicate how much a market is willing to spend on the best homes available. Cambodia is no exception as its booming property sector offers plenty of luxury properties that deliver a premium lifestyle. From spacious rooms, magnificent views, quality amenities, and a prime address, every box is ticked in Cambodia’s premium selection of apartments!Realestate.com.kh, Cambodia’s largest property classifieds portal, explored and documented many of these luxury properties in Phnom Penh’s most coveted areas. We’ve compiled the top 10 list of top luxury apartments available in Cambodia today: Sky VillaSky Villa requires little introduction to the initiated in Phnom Penh real estate. This project boasts the largest square metre per unit, rivalling that of landed villas - the most coveted property among Khmer elites. Unlike landed villas, however, Sky Villa allows its residents to live in 7 Makara district, a central area in Phnom Penh. Its wide spaces can easily accommodate a large family with plenty of room left for each member to call their own.But what is a luxury property without luxury services? Sky Villa offers hotel-like services made to deliver the complete premium experience all in one place. Sky Villa Property Listing Le Condé BKK1Le Condé BKK1 is a premier property development situated in the heart of Phnom Penh. Designed to offer a luxurious lifestyle, this residential project comprises a stunning collection of apartments and penthouses with four revolutionary facilities and the first Smart Home integration in Cambodia. With its prime location in the bustling city centre, Le Condé BKK 1 offers easy access to a variety of entertainment, dining, and shopping options. Whether you are looking for a comfortable home or a sound investment opportunity, this property development is an excellent choice that is sure to exceed your expectations. Le Condé BKK1 Property Listing Picasso City Garden The Picasso City Garden is an iconic development in the prime area of BKK1 in Phnom Penh. It immediately stands out for its modern aesthetic around the Naga, an auspicious symbol within the local Khmer culture. Picasso City Garden is one of the most central premium developments to rise in Phnom Penh. Its location in BKK1 grants residents to multiple schools, restaurants, bars, cafes, embassies, malls, supermarkets, and many other services for a complete modern living experience.They say art imitates life but not if Picasso's residences have something to say about it. Its units are designed to be the personification of modern living and complemented by an array of amenities including swimming pools, bars, cafes, and even an art studio as a homage to this apartment’s name. Picasso City Garden Property ListingOdom Odom is an upcoming premium development with facilities for residential and commercial functions. Odom’s interiors deliver a relaxing yet modern space for residents and office tenants in the middle of an increasingly fast-paced Phnom Penh. Odom is comfortably located in Tonle Bassac where most expatriates hang out and AEON Mall 1, the go-to place for many shoppers in Phnom Penh’s busy south-central business districts. It also enjoys proximity to the city’s most popular shops, bars and restaurants.Fast-growing cities often find themselves locked in a concrete jungle. Odom is one of the few that offers green and open spaces in Phnom Penh’s busiest and most popular areas. In fact, Odom is often visited by many residents and pet lovers for its green spaces today. Odom Property ListingHabitat The Habitat Condominium is a multi-awarded prime development in the south-central part of Phnom Penh, having won the “Best Condo Cambodia”, “Best Condo Phnom Penh” and “Best Residential Interior Design” Awards in the Cambodia Property Awards 2017. That may have been some time ago, but time certainly has not been an obstacle for this prime address! The Habitat Condominium is located in Tonle Bassac, Chamkarmon, specifically frequented by the many residents of Phnom Penh. It sits close to AEON Mall 1, one of Cambodia’s premier shopping centers. And given its south-central location, it is close to city landmarks, hotels, banks, markets, restaurants, banks/ATMs, sports clubs, entertainment spots, transportation hubs, and retail lanes.The Habitat condominium has quite a curious name. But looking at its interiors really tells one why it deserves that name. The Habitat’s interiors are meant to create that exactly: a habitat. Each of its units is given elegant finishes, built-in European appliances, and herringbone-style flooring made from the finest Cambodian hardwood. From the top duplexes, one is treated to picture-perfect views of Phnom Penh and surrounding localities. The Habitat Condominium Property ListingSilvertown Metropolitan Silvertown Metropolitan is the premier luxury serviced apartment in the heart of Phnom Penh. Managed by Naki Realty, it is the premier luxury serviced living choice for many high-class renters and investors looking to get into the city’s expanding high-end sector. Silvertown’s location allows its residents to travel across Phnom Penh almost hassle-free. Within its immediate vicinity are restaurants, boutique shops, markets, and major roads like the Preah Monivong Boulevard and Mao Tse Tung Boulevard. Shopping malls close by are AEON Mall 1 and Chip Mong Noro Mall. The popular Russian Market is also a stone’s throw away!Silvertown Metropolitan is one of Phnom Penh’s most easily recognizable serviced apartments. It was the first to offer these hotel-like services in an apartment complex, edging out much of the competition in creating luxury serviced homes.Silvertown Metropolitan Property ListingFlatiron Flatiron by Meridian is one of the most modern luxury developments available in Phnom Penh today. It is a multi-awarded development, sweeping categories such as “Best Developer”, “Best Mixed-Use Developer”, “Best Serviced Apartment Development”, and “Best Mixed-Use Interior Design”, among many others during the Property Guru Cambodia Awards 2020. Flatiron is located within the Phnom Penh City Centre complex, a reclaimed area packed with modern community malls, residences, and other amenities. For all intents and purposes, Flatiron perfectly complements its offerings with what can already be found (and what’s coming)Flatiron boasts an impressive array of amenities as well as a sleek interior design. Some amenities in Flatiron include a sky-infinity pool, fitness room, rhythm cycling room, sauna, meeting room, lounge, sun deck, grand lobby, and fine dining restaurant. Flatiron Meridian Property ListingL’attrait L'attrait in BKK1 is a new luxury development offering a practical, sensible, and yet remarkably stylish finish that achieves much of the desired residential offerings the next generation of Cambodians deserve. The project delivers a living space that is both high-quality and well-designed, tenets of residential design much sought after in a fast-growing market such as Cambodia. L’attrait is located within BKK1 and enjoys many of the subdistrict’s popular destinations such as its shops, restaurants and bars. As with any premium address, L’attrait’s residents have easy access to Phnom Penh’s CBD and roads going in and around the capital city.L’attrait takes a minimalist approach in creating its residential interiors. Simple yet high-quality fixtures are found in each of its units. L'attrait is a home that offers premium comforts in both the bedrooms and outside conveniences. Complementing its carefully designed interiors are amenities that enhance true urban living with all comfort available. L'attrait Boeung Keng Kang Property ListingThe Peninsula Private Residences The Peninsula Private Residence is a multi-awarded development in Chroy Changvar. Having won the Best Interior Design and Best Architectural Design awards at the 2019 Cambodia Asia Property Awards, The Peninsula Private Residences boasts a unique blend of private residences, varied facilities, and hospitality-inspired services. The Peninsula Private Residences is conveniently located in Chroy Changvar’s entrance close to its roundabout. As Phnom Penh expands outwards, the Peninsula’s vicinity is seeing more modern amenities like supermarkets, convenience stores, and many other developments pop up almost every few months.The Peninsula Private Residences offers “smart community living” through shared and unique amenities. While most developments offer the usual lot, the Peninsula delivers the usual and more with a private kitchen & patio, and a social club room. The Peninsula Private Residences Property ListingThe Peak The Peak Residence is one of the most iconic developments in Phnom Penh’s more central areas. More than just a luxury development, it also offers office and retail shopping spaces that make its vicinity a prime shopping destination for Phnom Penh’s increasingly savvy consumer base. The Peak Residence is located in Tonle Bassac, Chamkarmon. It’s quite easy to see why most developments on this list have so far been chosen to build here as the area is vibrant with economic activity and magnificent views of the river. Compared to the rest of Phnom Penh it is one of the most developed areas in the city.The Peak easily offers one of the top-rated living experiences in modern-day Phnom Penh. The development includes high-end amenities and facilities including a high-security camera, gymnastic and spa room, fitness room, spacious lobby and recreation centre, 5 levels of retail space on the lower floor, sparkling blue pool, and sky lounge on the top floor with the eye-catching view. The Peak Residences Property Listing Looking for more luxury properties and new developments in Cambodia? Inquire below! Find more luxury properties Cambodia

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Managing properties in Cambodia as an overseas investor

June 7, 2022, 4:45 a.m.

Realestate News

Home & Living

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What are sports villages and what’s good about them?

June 6, 2022, 5:07 p.m.

Modern sports villages primarily feature sporting facilities to support physically active residents. Supplied.The surge of residential projects has made property markets quite difficult to stand out. As a response, many developments have adopted niches to appeal to buyers looking for a certain lifestyle. The most popular of these is the high-street shopping lifestyle, usually taking the form of retail podiums.For the past few years, the popularity of healthy living and an active lifestyle has become a consideration for a growing number of property seekers. Most developments include a gym/fitness centre and even a sauna to accommodate these requirements. But we all know living a genuinely active lifestyle requires more than infrequently going to an in-house gym.If you’re someone looking for a new home and living a healthy lifestyle is one of your main considerations, then sports villages are something you should be looking at!What are sports villages?Sports villages are sprawling mixed-use projects that take inspiration from the Olympic villages built around the Olympic Games. For those unfamiliar, Olympic villages are residential accommodations where competing athletes from all over the world train for events, socialize with other athletes, and most importantly, a place they will call home for the next 2 weeks.Olympic villages house several sporting facilities outfitted with equipment athletes use to train and stay in shape for the duration of the 16-day event. These sports facilities are designed/retrofitted to support rigorous physical training and host international-level competitions.People choosing to live in modern sports villages don’t necessarily have to be athletes. Nonetheless, living in a sports village gives physically active residents (and those looking to be active) more than enough space to stretch their legs, in more ways than one.The benefits of living in a sports villageIt's easy to find people who share common interests in working out in sports villages. Supplied.Living in a sports village offers considerable advantages in a market rife with residences whose only claim to “healthy and active living” are a few pots of plants and a gym tucked away on a random floor.A breath of fresh air is integral to the idea of living healthily and is the reason why sports villages are built on land measured in hectares, and not in square metres. This amount of space additionally gives developers the opportunity to build adequate sporting facilities to support the lifestyle endeavours of physically active residents, whichever their choice of activity may be.Facilities often found in modern sports villages:Running tracksGymnasiumsOlympic-sized swimming poolsBasketball/Tennis/Badminton courtsMedical centresThese facilities (possibly more, depending on the developer) create an environment that encourages residents to pursue their choice of sports or means of staying fit and healthy.Modern sports villages often complement this lifestyle by incorporating urban conveniences. Depending on the developer, these may include facilities such as medical centres, shopping areas, and even office spaces. This is where the “village” part comes in as sports villages today endeavour to create a space that supports the needs of their residents.The WorldBridge Sport Village, Cambodia’s first sports villageCambodia’s property market has been a hot topic among regional property investors. The Kingdom’s real estate industry has been one of the fastest-growing in Southeast Asia for the past half-decade, only seeing a slowdown during COVID-19. But even that has not deterred big developers, especially those part of local conglomerates, from pursuing plans on delivering the first and grandest development in Cambodian real estate.The WorldBridge Sport Village is set to open in time for the SEA Games 2023. Supplied.The WorldBridge Sport Village (WBSV) is a massive project occupying 8 hectares of land being developed by the WB Sport Village Co., Ltd, a real estate developer part of Cambodia-based conglomerate WorldBridge Group. But the WBSV is not just massive in terms of the project area, it is equally significant in terms of milestones it achieves for the Cambodian real estate market.The WorldBridge Sport Village will be the first sports village in Cambodia featuring a mix of landed and high-rise residential properties complemented by urban conveniences like shopping centres, commercial spaces, and of course, a myriad of sports facilities including the newly constructed Morodok Techo National Sports Complex.The WBSV will also serve as the venue for Cambodia’s first hosting of the SEA Games 2023 and ASEAN Para Games 2023. The opening ceremony of these events will also serve as the opening of the project itself, vastly surpassing all other new development completions in the Cambodian property market.Project highlights:Major venue for the SEA Games 2023 and ASEAN Para Games 2023Mixed-use development featuring high-rise and landed residential propertiesMultiple sporting facilities: swimming pools, gyms, tracking fields, and recreational rooftop decksSurrounded by natural landscape in the peninsular district of Chroy ChangvarProperties eligible for foreign ownershipInterested in learning more about the WorldBridge Sport Village? Visit the full property listing or download the FREE brochure below.Inquire about WorldBridge Sport VillageDownload Free BrochureArticle by:

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Turning a profit from popularity: Investing in Chamkarmon

June 6, 2022, 5:07 p.m.

The Independence Monument in Chamkarmon bordering Daun Penh. Supplied.Chamkarmon (ចំការមន) is one of the most well-known districts in Phnom Penh. Located in the south-central part of the city, it connects the central districts in Phnom Penh like Beoung Keng Kang (BKK), Daun Penh, and 7 Makara to developing districts like Meanchey and Chbar Ampov.Foreign direct investments have poured into the district’s residential and commercial sectors over the past year and have made it into one of the more developed areas in terms of urban conveniences. As a result, Chamkarmon has become a prime choice for many residents to live and do business in. But what exactly are the things that make Chamkarmon popular among Phnom Penh’s residents and keen foreign investors?Road accessibilityIt’s easy to get to Chamkarmon. The district’s location plays a major role in making it accessible, and as a result, popular to the city’s residents. Three major roads pass through the district; the first is the Mao Tse Tong Boulevard which cuts through the middle of the district and serves as a major artery between the eastern and western parts of Phnom Penh.Preah Norodom Boulevard runs through many key developments in Phnom Penh. Supplied.The two other roads are the Preah Norodom Boulevard and Preah Monivong Boulevard with both roads considered the main avenues for travelers between the north and south of Phnom Penh. These 3 roads intersect at different points in the most commercially active communes of Boeung Trabek and Tonle Bassac.Lower property pricesChamkarmon’s road accessibility is complemented by its relatively lower associated property costs. In terms of real estate, Chamkarmon’s property sales and rental prices are still comparatively lower compared to central districts like Beoung Keng Kang and Daun Penh.New development median sale prices (as of mid-2021)ChamkarmonDaun PenhBeoung Keng Kang$116,000$207,000$182,375Median rent prices per bedroom apartment (as of mid-2021)UnitChamkarmonDaun PenhBeoung Keng Kang1 bedroom$600$800$7502 bedrooms$800$1000$1000*Prices displayed above are median price points; there are several dozen live listings available for lower-priced properties for sale and properties for rent in Chamkarmon.These comparatively lower costs of living compared to central districts like BKK, Daun Penh, and 7 Makara make Chamkarmon popular for middle-class locals, expatriates and tourists alike. It also doesn’t hurt that the area’s more attractive cost of living is paired with exciting nightlife and plenty of modern shopping destinations nearby.NightlifeBassac lane is a popular destination for both locals and expatriates in Phnom Penh. Photo by The Culture Trip.There are many sides to Phnom Penh’s nightlife and Chamkarmon is home to its more relaxed but vibrant face as opposed to the wilder side of the night in Toul Kork and Daun Penh. Selections of small to medium-sized shops, cafes, pubs, and restaurants litter the many streets and intersections especially around Toul Tompoung a.k.a. the Russian Market.Toul Tompoung’s nightlife caters more to a younger crowd and families simply looking to have a swell night out. Toul Tompoung’s nightlife is made popular among locals and tourists by the dozens of street vendors selling local delicacies and cuisines near the Russian Market every night starting at 6pm.Food & beverage retailers are abundant in Chamkarmon. There are a few semi-fine dining options in the area while more modest restaurants are more numerous and usually are serving foreign cuisines made by the area’s expatriate community. This melting pot of cultures spills over to Chamkarmon’s pubs and bars which enjoy city-wide fame with young Cambodians and expatriates.Chamkarmon, in general, has plenty of things to offer people looking to have a great night out without spending too much money. All it takes is one or two weekends around the Toul Tompoung area and anyone living in Chamkarmon can find a place they can always go back to.A growing shopping districtThe AEON Mall 1 was the first large purpose-built mall in Phnom Penh. Photo by TheLostPinay.Chamkarmon is a popular shopping district where hundreds of small-to-large businesses are found. Immediately noticeable is the prevalence of shophouses and purpose-built community markets as Chamkarmon is a nesting ground for the local entrepreneurial spirit. Whatever you’re looking for, a shop in Chamkarmon probably has it.There are two main markets in the Chamkarmon area: The Toul Tompoung Market (Russian Market) and the Boeung Trabek Market. These are the primary community markets selling both wet and dry goods as well as knick-knacks/souvenirs. Both markets are additionally surrounded by shops outside the market premises catching the spillover shoppers.Modern purpose-built shopping malls are also present in Chamkarmon. Chief examples are the AEON Mall 1 in Tonle Bassac and Chip Mong Noro Mall along Preah Norodom Boulevard. You can check our guide to shopping malls in Phnom Penh for more information.Market developments in ChamkarmonThe residential market in the area remains afloat because of the prevalence of COVID-19. Yes, because of the pandemic. With the income of many expatriates and middle-class families having been affected by the pandemic, many have been looking to move away from BKK and Daun Penh for lower cost rentals in Tier 2 locations like Chamkarmon where they would not be conceding the urban comforts found in BKK and Daun Penh.Of course, the interest in living more for less has translated to an uptick in properties changing owners in Chamkarmon. According to a report by Realestate.com.kh, while Boeung Keng Kang remains the most-searched district from property seekers, Chamkarmon’s popularity has closed the gap since the lifting of the quarantine measures in the city back in mid-May 2021.Chamkarmon’s retail space market continues to grow and is now one of the biggest retailer destinations in Phnom Penh. According to Knight Frank’s H2 2020 report, the district is home to 22% of the existing retail spaces (~400,000 sqm) in Phnom Penh, putting it on par (at 22%) with Sen Sok district - home to the biggest mall in Cambodia, the AEON Mall 2 and international wholesaler Makro. This growth is attributed to the opening of new shopping centers in the district.Office spaces in Chamkarmon have also kept up with the central business district of Daun Penh. According to Knight Frank’s H2 2020 report, Chamkarmon is close at 21% behind Daun Penh at 25% when it comes to the total office spaces in Phnom Penh. Though the report did not specify the specific commune these office spaces are, it may be safe to assume that most of these are located in the Tonle Bassac area.The development of Meanchey and Chbar AmpovThe AEON Mall 3 is the biggest mall coming to Phnom Penh in the next 3 years. Photo by Cambodia Properties.While Chamkarmon itself is seeing growth, keen investors do well whenever the larger picture is taken into account. The two southern districts of Meanchey and Chbar Ampov connected to Chamkarmon via the Preah Monivong and Preah Norodom Boulevards are both earmarked for massive residential and commercial developments.For the Meanchey district, the main headline is the construction of the AEON Mall 3, soon to be Phnom Penh’s largest purpose-built shopping mall measuring at ~174,000 sqm. When news broke in 2019, property prices around AEON Mall 3 saw a boost with many developments and land properties being bought in anticipation of the boom in the area.The Hun Sen Boulevard also greatly contributed to the viability of doing business in the Meanchey district. The 60m road (the other name for the Hun Sen Boulevard) is accessible via the Preah Monivong and Preah Norodom Boulevards from Chamkarmon. Its completion a few years ago vastly alleviated the traffic congestion in the southern part of the city, expanded opportunities, and raised property prices in Meanchey.Construction of Koh Norea bridge began in Q4 2020. Photo by Khem Sovannara from the Khmer Times.For Chbar Ampov, big borey developments have already laid claim to much of its vast lands. However, the OCIC has earmarked the northeastern portion of the peninsula for the Koh Norea Satellite City estimated to be worth $2 Billion.At present, Chbar Ampov is only accessible via the Monivong Bridge which leads to the Preah Norodom and Preah Monivong Boulevards. The OCIC is currently building a bridge over the Bassac river to connect Koh Norea directly to Koh Pich (Diamond Island). The Koh Norea bridge is planned to open in 2022.When it comes to future returns, Chamkarmon edges out central districts on price attractiveness and even potential returns for the next 5 to 10 years. It’s worth noting that much of the city’s outskirts are still developing and have been earmarked for further development such as Meanchey and Chbar Ampov - two districts directly connected to the district - presenting an opportunity for considerable returns for investing in Chamkarmon.Discover why Cambodia remains the rising tiger economy of Southeast Asia. Download now!Article by:

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Can Foreigners Get a Loan in Cambodia ?

April 29, 2024, 3:06 a.m.

Angkor Grace Residence & Wellness Resort in Siem Reap is a holiday home investment available for both Cambodians and international buyers. Supplied.Cambodia’s fast-growing economy has made it home to many expatriates and attracted a flurry of foreign investors. This influx of foreign buyers has also been influential in the progression of the Kingdom’s real estate sector with many developers molding their properties to popular designs abroad. But even foreigners cannot buy a home with a 100% payment right away, hence, the need for home loans.There is a prevailing belief that expatriates or foreigners, in general, have a harder time getting a home loan. While it is indeed more challenging compared to locals, it is still possible for foreigners to get a home loan in Cambodia.There are 2 primary loan sources in Cambodia: Bank loans and Developer loans. Bank loans are common across property sectors in different countries while developer loans are less so. Cambodia’s banking system has grown exponentially in the past 2 decades and bank loans are now more available to both locals and foreigners.Getting a home loan as a foreignerNot every bank offers home loans to non-Cambodians. Fortunately, there are banks such as RHB Cambodia, a Malaysian-owned bank, offering home loans to expatriates and foreign investors interested in Cambodian property.Expatriates in the Kingdom and foreigners living abroad may be asked to present any of the following requirements when applying for a home loan:If you are employed:Passbook / Bank Statement / 3 Months PayslipEmployment Contract or Employment CertificateWork Permit (for expatriates in Cambodia)Curriculum Vitae (CV)National ID or Valid PassportPassing credit check from the Credit Bureau Cambodia (for expatriates in Cambodia)Sales Purchase AgreementIf you are self-employed or a business owner:Latest Business PatentValid Business LicenseBusiness RegistrationBank StatementFinancial Statement for the last 2 years3 months sales or purchase invoiceCompany profileNational ID or Valid PassportPassing credit check from the Credit Bureau Cambodia (for expatriates in Cambodia)Sales Purchase AgreementThese are the usual requirements for loans in Cambodia though keep in mind there may be other requirements depending on the bank. Nevertheless, having these at the ready will definitely help speed up the process and bank staff, especially from RHB Cambodia, are well-equipped to walk applicants through the process.Additionally, new projects in Cambodia developed systems and partnerships with banks to fully assist non-Cambodians in purchasing a property. Prominent examples are The Peninsula Private Residences and Angkor Grace Residence & Wellness Resort projects that allow expatriates and foreign investors to own property in Cambodia be it for personal use or as an investment property.What properties can I get a home loan for, as a foreigner?The short answer is condominium units. This is because these are the only properties that come with a Strata Title. A Strata Title is a special title commonly used for condo unit purchases, and most recently office units, that are available to both Cambodian nationals and foreign nationals. To learn more about property titles, you can check our ultimate guide to property titles in Cambodia.Cambodia’s property market has grown steadily over the past few years, its expansion has led to many developments not just in residential technology but also financial structures that allow both Cambodian and international buyers to access much-needed loan services. This increasing availability of loans to a wider market will be key to further establishing Cambodia’s status as a viable property investment destination in Southeast Asia.Looking for property in Cambodia? Let us help!Article by:

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Overview of Capital Gains Tax in Cambodia

June 10, 2024, 2:34 a.m.

Realestate.com.khTV

Comparisons

What is the Capital Gains Tax in Cambodia?The Capital Gains Tax (CGT) in Cambodia is a flat 20% rate from selling a capital asset. Contrary to what most people perceive. The Capital Gains Tax in Cambodia is not exactly new; businesses in the Kingdom have always paid capital gains. The material difference now is that it applies to individuals, especially those looking to sell immovable property a.k.a. real estate.The CGT was introduced into law through Prakas 346 from the Ministry of Economy and Finance back in April 2020 and was originally intended to be implemented a few months later in July 2020.Due to COVID-19, the law was delayed until the end of 2028 to reduce the pandemic’s impact on the real estate market. The implementation of the Capital Gains Tax in Cambodia was further delayed to January 2022 as the country saw its first major local community outbreak in Q1 2021. As of September 2023, the Capital Gains Tax is to take effect on January 1st 2024. Who has to pay Capital Gains Tax in Cambodia?Capital Gains Tax in Cambodia applies to both resident taxpayers and non-resident taxpayers. Taxpayers are obligated to pay their Capital Gains Tax within 3 months of realising their gains.Resident taxpayers are defined as physical persons who meet one or more of the Kingdom’s residential criteria.Non-resident taxpayers are defined as either legal entities or physical persons who are not considered residents.How is “Capital” defined in Capital Gains Tax?Capital Gains Tax covers capital gained from selling: Immovable Properties, Leases, Investment/Financial Assets, Goods (Licenses and branding), Intellectual Property, and Foreign Currency.That may sound all-encompassing, but much like other tax laws, there are exemptions to Capital Gains Tax, especially when it comes to immovable property a.k.a. Real estate:The principal residence of the taxpayer - in the event that the taxpayer (or their spouse) has more than one place of residence, only one of them can be exempted from the CGTTransfer of immovable properties between family members as stated in the regulations around Registration TaxAssets of the Cambodian governmentImmovable properties a.k.a. Real estate properties sold for public purposes based on Cambodia’s Expropriation LawsAssets of foreign embassies/consulatesAssets of international organizations or cooperation agencies of foreign governmentsHow is Capital Gains Tax calculated in Cambodia?Capital Gains Tax in Cambodia is a flat 20% rate on gains made after selling a capital asset. At face value, that is a significant portion of sales proceeds but there are 2 methods taxpayers can use that allow for a bit more consideration of their expenses:Actual Expense Deduction MethodThis method takes the sales proceeds and subtracts the expenses the seller made on that property to get the actual Capital Gains Tax to be paid. These deductibles can be the purchase cost, consulting fees, registration tax, commissions, and even advertising. These actual expenses are deducted from the sales proceeds and 20% of the difference will be the Capital Gains Tax to be paid.This method is beneficial for property sellers who spend a lot on overhead/operational costs and who might be looking at more humble margins.Example:Mrs. Phan is looking to sell her home for $250,000 which she originally bought for $100,000 a couple of years ago. She was diligent in keeping essential documents detailing her expenses in the acquisition/renovation of her property, which are the following:Registration Tax: $4,000Loan interest: $3,000Loan administrative fee: $500Renovation: $35,000Now that we have the relevant values, let’s do a sample calculation: Actual Expenses Deduction MethodSale Price$250,000 Actual Expenses (Deductibles)Original Price$100,000Registration Tax$4,000Loan interest$3,000Loan administrative fee$500Renovation$35,000TOTAL EXPENSES$142,500 Capital Gains TaxSale Price$250,000Total Expenses$142,500Capital Gains (Sales Price - Total Expenses)$107,500Capital Gains Tax (20%)$21,500 Mrs. Phan will have to pay $21,500 in Capital Gains Tax once she sells her property via the Actual Expenses Deduction Method.There are more applicable deductibles so we strongly suggest you keep tabs on the expenses you made for your property if you are planning to sell in the future.Determination-Based Deduction MethodThis method takes 80% of the sales proceeds and subtracts it from the entire sales value. The result will be the Capital Gains and 20% of it will be the Capital Gains Tax to be paid. This method is highly beneficial for property owners who buy low and are planning to sell high.Example:Mrs Phan is aware there’s another way of calculating Capital Gains Tax. And being a discerning homeowner, she explored the other method of getting the capital gains tax for her $100,000 property she plans to sell for $250,000.Determination-Based Deduction MethodSale Price$250,00080% of the Sale Price$200,000Capital Gain (Sale Price - 80%)$50,000 Capital Gains TaxCapital Gain$50,000Capital Gain Tax (20%)$10,000 Mrs Phan will have to pay $10,000 in Capital Gains Tax once she sells her property via the Determination Based Deduction Method.It’s quite obvious which method Mrs. Phan will be using and that’s intended as taxpayers in Cambodia are free to choose which method of Capital Gains Tax calculation to use for their tax obligation. As mentioned above, the Capital Gains Tax is planned to finally be implemented in January 2023. This creates a third method of Capital Gains Tax: selling your property before January 2024 so you don’t have to pay this tax!Kidding aside, we highly recommend that you keep any relevant expenses related to your property and do your due diligence in finding the method that gives you the best tax rate. Looking to buy OR sell property? Click here

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How to reduce risks of COVID-19 in your property

June 6, 2022, 5:07 p.m.

The outbreak of the COVID-19 pandemic shook the world to a point where 10 months later, the World Health Organization (WHO) continues to provide a variety of recommendations to prevent the spread of the pandemic. The recommendation advises people not to go to extremely crowded places, especially not to leave their homes, as people spend most of their time at home which means inside a building or a house.Prevention and control of the spread of COVID-19 inside buildings are one of the most important ways to control the pandemic. Keeping the building clean, especially, shared spaces, elevators, staircases and the continued provision of fresh clean air are the top priorities. These measures are also included in the basic criteria of green building standards in any country.Adequate replacement of fresh air does not only prevent COVID-19 infections but other respiratory diseases such as asthma. Moreover, the quality of materials can help prevent and exacerbate allergies by ensuring that buildings are green and adequately ventilated. In addition to these benefits for human health, green buildings are environmentally friendly and protect natural resources. Moreover, waste segregation and recycling reduce emissions and protect the environment from pollution. Controlling environmental pollution is also a way to prevent any infectious diseases from spreading.The result of COVID-19 reminding us that, focusing on the health and safety of buildings now, we need to be prepared, able to respond appropriately, and able to respond to such major disasters around the world.Several actions and best practices that are currently being applied in green and healthy buildings are expected to become our lifestyle in the post-COVID-19 era. Such concerns and actions taken during the pandemic are also the main factors that differentiate an ordinary building from sustainable and healthy-oriented buildings around the world. Some of the main features of sustainable and healthy buildings are the following.- Handwashing promotion- Strict cleaning protocols and usage of cleaning products- Increased supply of fresh air- Usage of air treatment mechanisms such as usage of high-efficient filters and UV technology- Humidity and Temperature control- Safe and clean freshwater supply- Lower density of office building spaces between workers- Mental health promotion such as stress management support programs- Emergency management planOverall, after this pandemic, the well-being, health, and safety of building occupants are expected to become the next top priorities for any building-related stakeholder. A new paradigm shift towards healthy and green buildings is urgently required to ensure resilient, healthy, and clean interior environments for all building occupants in Cambodia.Looking for property in Cambodia? Let us help!*This article is written by Susanne Bodach, Managing Director of BEE Incorporations Cambodia

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How to buy or sell property with REAKH’s Home Finder & Opportunities feature

June 6, 2022, 5:07 p.m.

Realestate.com.kh, Cambodia’s #1 Real Estate Portal, serves as a bridge between buyers and sellers by quickly connecting the demand with the right supply! This endeavor is made even easier for all stakeholders with REAKH Opportunities.REAKH Opportunities basically makes it easier for:RENTERS/BUYERS to notify registered agents of the kind of property they’re looking forAGENTS/SELLERS to be notified of sale opportunities that fit their portfolioThink of it as a personal virtual assistant that knows ALL the right people - at the right time - when it comes to properties in Cambodia.As a buyer/renter/seller, how do I use REAKH Opportunities?Buyers have it the easiest when it comes to using the REAKH Opportunities. As a seller/buyer, all you need to do is check on the right-hand side of your screen if you’re on the desktop. While on the mobile app, you can use the Home Finder on the home screen to access this feature.The Home Finder/Opportunities feature can be accessed through the right-hand side of the screen on the desktop. The Home Finder/Opportunities feature can readily be accessed on the home screen of the REAKH Mobile app.Upon clicking on the Home Finder icon, you will be shown a form where you can enter the specifics of the property you’re looking for. Fields to be completed include the following:I want to: Buy / Rent / Sell / LeaseLocation preferenceBudget rangeAdditional commentContact informationOnce finished, you can click the submit button and wait for any seller/agent to contact you!As an agent/seller, how do I use REAKH Opportunities?Agents/sellers looking to use REAKH Opportunities for quick leads can easily do so through Realestate.com.kh or more conveniently through the REAKH mobile app.How it looks like:Each new lead coming from the REAKH Home Finder is funneled here for the easy viewing of registered agents on the mobile application. Each opportunity is detailed in terms of intent (buy/sell), their preferred location, preferred property type, and their budget.If you’re interested in any Opportunity on the feed, you may access the one you’re interested in by exchanging them for REAKH credits you have on your account. To get credits, you may reach out to our Live Chat and inquire about acquiring credits.The Opportunities channel is updated on a regular basis where you, as a seller, can continuously see quality leads from the thousands of property seekers going through Realestate.com.kh’s listings.Interested in letting the wider property market know you’re looking for a property? Or do you want a continuous stream of leads coming through your phone? Download the REAKH Mobile App today for a seamless property selling/buying experience today!Article by:

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How to maintain and manage your property during COVID-19 outbreak

June 6, 2022, 5:06 p.m.

Home & Living

Property Buyers & Sellers Advice

The outbreak of COVID-19 has forced a majority of people all over the world to stay indoors for an extended and unknown period of time - a situation that puts a special strain on the facilities of any property. So, whether you lease or own your space, have a broad portfolio, or a single asset, as a property owner, the attention you give to your assets, and its facilities, is more crucial now than ever.Equally imperative are the decisions that need to be made in the coming weeks, such as: “Who can enter or use my building and its facilities,” “How do I respond to suspected contamination?” ''How will I keep my buildings operational and protected while most of my workforce is home?” and ultimately, “What is our facility showing our community about our company and our values?”CBRE, a property consulting and management firm, oversees a number of buildings throughout Cambodia alongside millions of sqm of office space, apartments, and condominiums across China, South East Asia, Europe, and America. We have a regional hub in South East Asia where each of the heads of Property Management is in regular contact; sharing information/experiences and jointly developing plans and procedures, especially in these times. This has imparted valuable lessons behind my no-regrets, action-oriented recommendations:Manage entriesThe best way to keep your facility safe is to keep people with the virus at home. There are several ways to approach this, including temperature screening and other sophisticated equipment that could become permanent installations. There are also low-cost options, like increasing lobby signage reminding people to stay home if ill, restricting visitors, and setting up self-check temperature stations.Plan for an exposure-related shutdownIt is likely that you will experience a suspected or confirmed case in at least one of your facilities. Rather than waiting for that moment and having to scramble, prepare a written plan, and educate your site managers, staff, and providers proactively. What to do with the individual? How to isolate them? How to get them home safely? What steps to take? If you think all of this through and get it in writing beforehand (working with your legal, HR, building owner, and key stakeholders) you will mitigate risk and reduce anxiety when the event happens.Clean oftenIncreased cleaning has a direct, infection-control benefit and should be implemented as a preventative move. A full daily disinfection may not be necessary, but the virus lives on surfaces for up to 3 days; and proper, increased cleaning will help lower your exposure. Clean more often and be visible with these services, especially in common areas. As the world opens back up for business, we should expect a lot more cleaning.Energy management and energy costsAs energy often takes up to 40% - 50% of your building running costs now is the time to be more vigilant. You don’t need sophisticated building management systems or controls but you should watch equipment carefully as you run and you run it differently. Ensure lights and AC are switched off in vacant areas, keep up the maintenance especially on your AC systems for air quality and running efficiency.Treat your suppliers wellFacilities suppliers are becoming critical to business continuity – especially cleaners. A number of our clients have instructed us to work with suppliers to be sure they retain staff and maintain capacity even while client sites are closed or in partial use. These clients understand that their supplier partners operate on thin margins and that their employees operate on even thinner margins with no safety net. We believe these clients are going to be very well served for these actions.Take advantage of the downtime to prepare for re-openingEvery facility has deferred projects and tasks that were waiting for a weekend when the building sits empty. Planned correctly, now is your chance for these projects. We are working with clients to complete delayed projects, replacements, and repairs. Put in place more energy-efficient equipment. Finish that asset condition survey. Our teams in China realized that deferred maintenance on older equipment just could not respond to more intensive HVAC demands, so we are working hard to repair, replace, and upgrade.Communication Keep up to date with all local newspapers and government departments so that you are ahead of the game and ready for any changes that may be enforced. Keep your company, all your clients, tenants and occupiers updated regularly but also limit the channels of communication and avoid participating in gossip groups as misinformation creates confusion and worry.The Future New NormalAs you plan for re-opening, your employees, customers, and suppliers are going to have new expectations for how to run, clean, and manage your facility. At the same time suppliers, landlords, and maintenance teams are going to be managing the surge of work. Consider focusing on three areas:Operations: Inspect and test key building systems to ensure the building is safe and comfortable as you come back to full occupancy.Service Planning: Allow providers of cleaning, food, concierge, HVAC, security, etc. ample lead time to ensure they can get their teams back on-site and fully operationalChange Management: Ensure the occupants are aware of what’s been done, what’s different, and what protections need to stay in place to keep everyone healthy. Set up a hotline to take their questions.Stay up-to-date on the real estate industry in Cambodia and get real-time updates on real estate news as they happen. Download the Realestate.com.kh App now!*This is article is written by Dan Davies, Director of Property Management at CBRE Cambodia.*Note: CBRE Cambodia has set up an unofficial building owners /managers PP Covid-19 group. If you are interested to join please call +855 85 986 934 or email: dan.davies@cbre.com

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Can foreigners Own a Condominium in Cambodia?

June 16, 2023, 6:20 a.m.

Yes, foreigners or non-Cambodians are legally allowed to directly own condominiums in Cambodia. This is mainly achieved through Strata Titles - property ownership certificates issued by The Ministry of Land Management, Urban Planning, and Construction. These titles are recognized on a national level, making them a secure form of property ownership in the Kingdom.It also depends on what nationality you, the agent, or developer may be. Most Australians, for example, are more likely to resonate with the term "Apartment" while Americans and Chinese resonate with the term "Condominium". Cambodians on the other hand will generally associate an older unit as an "Apartment" whilst considering the new most recently completed one as a "Condominium".At realestate.com.kh, we prefer the term Condo, however, we have 40,000's listings for both types and allow users to select multiple property types when they are running a search.So if you are looking for an apartment or condo for sale make sure you select both condo and apartment during your search on realestate.com.kh. Find new developments in CambodiaForeign ownership laws in CambodiaIn 2009, strata titles were introduced and allowed foreign nationals to fully own private units of co-owned buildings in Cambodia. The only fine print in relation to this is that the units within a condominium or strata-titled office must be 30% locally owned, and foreigners can not own properties within that building on the ground floor. Simply put, if a building has a total of 100 units, 30 of those must be owned by Cambodians, and the rest may be owned by foreigners. All new developments for sale on Realestate.com.kh have a "title" section under "project information", where you can see if the property is being sold with a hard title. Read our guide on understanding property titles in Cambodia.Two Main Licenses To Verify Before Buying The two main documents you should ask to see from developers before you purchase a property in Cambodia are The Construction License and The Sales License.If developers have a construction license, it means they are legally allowed to build the property and the sales license permits them to legally sell the property.It is not uncommon for developers to have one and not the other as they are issued by separate ministries and governing bodies.Condominium Vs ApartmentThis is a topic that is frequently raised and discussed. There is no real difference between the two (condos and apartments but some people will say that an apartment is similar to a condo but built before 2009, whilst a condo is a unit within a building that was completed after 2009. Others will say an apartment is for rent, while a condo is the same thing but for sale. To find out the difference between both click herePre-sales PeriodAfter developers obtain their construction licenses they may launch some pre-sales marketing activities. This is very common in Cambodia, during this period developers are allowed to take a fully refundable booking fee from buyers whilst they are waiting to receive their sales licenses.For more details around developer licensing and what you need to know. Check out our ultimate property investor toolbox. Looking for properties in Cambodia? Let us help!Article by:

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Cambodia condo outlook 2020 and beyond

June 7, 2022, 2:21 a.m.

Realestate News

Location Profiles

(Cambodia's fast economic rise has put the country in the spotlight of real estate investors from around the world. Realestate.com.kh)[Article originally published in March 2020]The rise of condominiums in Cambodia, particularly in Phnom Penh, has certainly piqued the interest of local buyers, foreign buyers, and even the international media over the past half-decade. But as the Kingdom enters a new decade, you might be wondering, are condos still trending in Cambodia?The short answer is: Yes, they still are.But are they worth the investment? This report will look at price trends and upcoming supplies of condominiums across the Kingdom of Cambodia to help you decide.A look into Cambodia’s condominium sector 2020 and beyondRealestate.com.kh tracked over 100 projects across the country and examined the trend of condominium developments up until 2023. As a guide to potential investors (such as yourself), this brief report will breakdown the trend of the projects tracked across the 3 major population centres namely: Phnom Penh, Sihanoukville, and Siem Reap.The trend of condominium development in each city will be further broken down into popular questions such as:What’s the right price to buy a condominium?What affordable price can I pay for a condominium?How much can I spend if I want a top-class condominium?How many more projects and units are coming?How much can I expect to earn if I invest in a condo today?Will condominium prices increase next year?Phnom Penh(Phnom Penh is at the epicenter of the massive real estate development in the Kingdom. Realestate.com.kh)According to Realestate.com.kh’s Consumer Sentiment Survey 2019, 76% of property buyers within Cambodia are looking to purchase property in Phnom Penh. This isn’t too surprising as the city hosts the Kingdom’s seat of government and serves as the home to over 2 million Cambodians and a healthy expatriate population - making the capital not only the political centre, but at the same time, the primary economic hub of the country. This makes it the ideal place for buyers and investors looking for the widest selection of condominiums in Cambodia.What’s the right price for a condominium in Phnom Penh?In our 2019 Consumer Sentiment Survey also notes that most respondents earning $1,000 (and above) per month expressed they would be willing to spend anywhere from $75,000 to $150,000 on a residential property. The condominium sector seems to reflect this preference as:The average sale price of condo units in Phnom Penh is ~$119,000 across the range of units for sale (1-bedroom, 2-bedroom, and studio units). To be more specific, 1-bedroom condominium units cost an average of ~$110,000 and the average cost of their 2-bedroom counterparts is ~$160,000. While buyers looking for 3-bedrooms will have to fork out an average of ~$290,000. Studio units are also available in Phnom Penh at an average price of $80,000.What’s an affordable price for a condominium in Phnom Penh?For the sake of discussion, we will define affordable as the lowest price you can pay. Realestate.com.kh’s data indicates that condominiums can go as low as $47,000 for a studio type. If you’re looking for a 1-bedroom unit, there are options as low as $65,000. If you’re looking for something bigger like a 2-bedroom unit, you can expect to pay as low as $75,000. The most affordable among 3-bedroom units can be purchased for $145,000.You can start looking at The Hexa and Parc 21 Residences for the most affordable condominiums in early 2020.How much can I spend if I want a top-class condominium in Phnom Penh?Do you want the best regardless of price? Phnom Penh has luxury offerings with generous living spaces comparable to landed villas. Realestate.com.kh’s data shows that luxury condominiums can go up to ~$240,000 for a 1-bedroom unit in Phnom Penh while a 2-bedroom can cost up to ~$390,000. While the best of the best 3-bedrooms can be purchased for $600,000. Studio units are also available in the luxury range costing around ~$135,000.If you’re interested in the best and most luxurious residences Phnom Penh has to offer, you can check out R&F City, Prince Huan Yu Center, and Huangshan International.How many more condominium units are coming to Phnom Penh?Projects launches, completions, and suspensions happen at different times throughout the year. As such, this part of the report assumes that the projects tracked will meet their announced completion dates.(An illustration of a condominium unit in The Hexa, a new development in Russey Keo district. Realestate.com.kh)According to Realestate.com.kh data, almost 22,000 units spread across 30 projects will be added to the current stock of Phnom Penh’s condominium units by the end of 2020. A further 15,000 units, spread across 14 announced projects, will be added in the following year 2021. Another 11,000 units, spread across 11 announced projects, will be added in 2022. And in 2023, we project another 6,000 units across 8 projects that will be added to Phnom Penh’s condominium stock.NOTE: New project launches in the latter part of 2020 (not tracked in this report) may announce completion in the immediate future. The descending trend of additional units above is by no means an indicator of receding development.How much can I expect to earn if I buy a condominium today?There is a mechanism in real estate today called Guaranteed Rental Returns (GRR). GRR is defined as rental income guaranteed by the property developer/management to the property purchaser over a specified amount of time.In Phnom Penh, property developers usually offer 6% to 9% returns over a period of years usually ranging from 2 to 5 years. Simply put, this is the amount of money paid by the developer to the investor depending on agreed-upon intervals. Developers offering GRRs often have mechanisms to find tenants for the property, hence, the investor does not have to worry about renters.But don’t let numbers do all the talking as shady developers may use GRRs as a means of attracting customers without any intention of following through. GRRs should also not be the primary factor whenever you’re considering buying a rental property as a form of investment. We strongly suggest having a written and notarized contract that includes the agreed-upon rental returns over the specified period of time.Will condominium prices in Phnom Penh increase next year?Developers of tracked projects have indicated an increase in prices ranging from 5% to 30% per year. Most developers, however, shared that unit prices would increase by 7% to 8% next year. Buying today might be the best choice if you’re already set on buying a condominium in Phnom Penh.If you’re not in a rush to move in or if you can wait a year, we suggest buying off-plan condominium property from a reputable developer. Buying off-plan has its benefits, the strongest of which being: lower cost and the opportunity to make small adjustments to your unit.Sihanoukville(Sihanoukville's cityscape has considerably grown with hotels, office buildings, and condominiums. Realestate.com.kh)The port city of Sihanoukville has seen massive foreign investment in the past couple of years, especially from Chinese investors. Massive constructions such as condominiums, hotels, and offices sprung up as a result of the new-found economic life. It was the quintessential example of a boomtown as the amount of construction strained the once-sleepy beach town’s existing infrastructure. The ban on online gaming back in August 2019 certainly resulted in the exodus of a lot of Chinese workers - which in turn negatively affected property and rental prices in Sihanoukville. But it’s important to note that not all Chinese expatriates who live in Sihanoukville went to work in online casinos and that the gambling ban only applies to online casinos and not to landed casinos. Some came to work in Chinese-owned properties such as casinos, resorts, and condominiums, many of which are seeing completion in 2021.What’s the right price for a condominium in Sihanoukville?For context, Sihanoukville saw a steep increase in real estate prices due to the influx of Chinese investors and workers. After the ban, prices began to fall and (as of Q1 2020) is seeing a slump due to the mass departure of Chinese nationals. If you’re looking to buy property near the beach, Sihanoukville might be worth considering now. Good thing beaches don’t fly away when the market slows down.The starting sale price of condo units in Sihanoukville is ~$72,000 across the range of units available. To be more specific, 1-bedroom condominium units cost an average of ~$75,000 while the average cost of their 2-bedroom counterparts is ~$165,000. More spacious 3-bedroom options are available at ~$300,000.What’s an affordable price for a condominium in Sihanoukville?Sihanoukville’s residential development was made to attract Chinese buyers who often have high-class tastes. This makes affordable and good-value condominiums plentiful in Sihanoukville today.A 1-bedroom unit in Sihanoukville can be bought for ~$55,000. Bigger units are also available such as 2-bedroom units which can cost as low as ~$90,000. Even bigger 3-bedroom units can be purchased from $240,000. Though keep in mind that some affordable options may be quite a distance from the much-coveted beaches of Sihanoukville.How much can I spend if I want a top-class condominium in Sihanoukville?While luxury properties in Phnom Penh offer big pools, luxury properties in Sihanoukville offer the sea. A luxury 1-bedroom unit in Sihanoukville can cost ~$150,000. While a top-class 2-bedroom unit can cost ~$250,000. Big 3-bedroom units can be purchased for $500,000. As for amenities, there is virtually little difference from Phnom Penh’s developments and you get the added benefit of easy access to the beach.If you’re interested in high-end condominiums in Sihanoukville, you can start with Prince Golden Bay, Prince Tian Xi Wan, and Morgan the Pure Bay.(The Prince Golden Bay is one of the most anticipated beach-side projects in Sihanoukville. Realestate.com.kh)How many more condominium units are coming to Sihanoukville?Sihanoukville will welcome several thousand units in the next few years. In 2020, we could see an additional 5,000 units entering the city’s condominium stock. In 2021, Sihanoukville will usher in over 27,000 new residential units. This is a figure almost twice the size of projected additional units to become available in the capital Phnom Penh. And in 2022, another 4,000 units will be added to Sihanoukville’s condominium stock.How much can I expect to earn if I buy a condominium today?Tracked projects in Sihanoukville offer Guaranteed Rental Returns (GRR) ranging from 7% up to 24% for a period of time ranging from 2 to 8 years. Though we would advise thinking twice about buying property solely based on the double-digit GRR offered by the developer, especially in Sihanoukville as these calculations were likely made before the August 2019 ban on online gaming.Will condominium prices in Sihanoukville increase next year?Developers of tracked projects have indicated price increases ranging from 5% to 8% per year. Some developers initially planned these increases with the influx of Chinese workers in mind. But with the departure of most Chinese expats, and lack of Chinese tourists due to the Covid-19 lockdown, these price increases may meet challenges - something you may use to your advantage as a buyer.If you’re sold on the idea of owning property in Sihanoukville, buying off-plan may be the best option as they tend to cost less and you gain the opportunity to make adjustments to your unit.Siem Reap(Siem Reap's condominium market pales in comparison to Phnom Penh and Sihanoukville but there are a handful of opportunities. Realestate.com.kh)With more than 1 million tourists per year, Siem Reap is unequivocally the Kingdom of Cambodia’s cultural tourism center. But not often talked about is how Siem Reap is the 2nd biggest population centre with over 1 million residents, according to the General Population Census 2019. This figure does not account for the many expatriate communities living and working in the province.Siem Reap does not have the same kind of condominium development Phnom Penh and Sihanoukville have. This is primarily due to Siem Reap’s primary industries relying on tourist traffic; creating a marketplace where hotels and boutique guesthouses thrive while shophouses, villas, and boreys dominate the residential market.What’s the right price for a condominium in Siem Reap?There are still, however, a handful of on-going projects in Siem Reap. Unit prices in the city range from $68,000 to $157,000 according to the projects tracked. Some of these developments are noticeably more spacious than condominiums in Phnom Penh.What’s an affordable price for a condominium in Siem Reap?The lowest price among projects tracked costs $68,000 for a 1-bedroom unit. Bigger spaces are also available with 2-bedroom units costing as low as $105,000. The Siem Reap projects tracked also offer 3-bedroom units costing as low as $145,000.How much can I spend if I want a top-class condominium in Siem Reap?Top-class condominiums in Siem Reap can go up to ~$150,000 per unit. The most expensive among 1-bedroom units cost $75,000. If you fancy a luxury 2-bedroom, it will cost around $110,000. And if you want something luxuriously big, a 3-bedroom in Siem Reap costs up to $160,000.How many more condominium units are coming to Siem Reap?According to projects tracked, Siem Reap’s future condominium stock will be limited in the immediate future with only less than 1,000 units to be introduced by 2021.(A one-bedroom condominium in Sky Park, one of the few condominium projects in Siem Reap. Realestate.com.kh)How much can I expect to earn if I buy a condominium today?Investment returns on condominiums largely depend on the market of potential tenants. Since Siem Reap’s economy largely revolves around tourists who usually do not stay long-term, there are not a lot of condominium developments as the abundant number of boutique hotels offer much more attractive rental rates.In January 2020, the Chinese government has banned its citizens from leaving the country to curb the spread of Covid-19. This has caused tourist numbers to Cambodia to drop significantly as more than a third of its annual tourists come from China. Initial government reports indicate that January 2020 arrivals are down by 60% and February 2020 arrivals are down by 90% - compared to 2019 figures.With the dominance of hotels, boutique guesthouses, and the fears of a viral outbreak, investment prospects in condominiums in Siem Reap may face difficulties in the first half of 2020.Will condominium prices in Siem Reap increase next year?暹粒的跟踪项目未指定价格上涨。但是，与任何房地产一样，我们可以预期价格会上涨。中国政府对公民实施的旅行禁令（早在2020年1月）可能对暹粒的公寓市场构成间接威胁。尽管游客通常不出租公寓，但他们的缺席给暹粒的当地经济带来了沉重压力-使其对希望在该市最大的创收行业中生活和工作的投资者/专业人士的吸引力大大降低。随时了解柬埔寨的房地产行业，并实时获取有关房地产新闻的实时更新。立即下载Realestate.com.kh应用程序！文章作者：

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