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

The Cambodian economy has been a rising star in Southeast Asia over the last decade. The influx of foreign direct investments and the significant improvements in standards of living have made the once looked-over country into the region’s latest investment destination. It is in this regard that Realestate.com.kh, Cambodia’s leading real estate classifieds portal, is launching the Why Cambodia for investors. The Why Cambodia Guide looks at the measures the government has implemented to attract foreign capital, such as streamlining bureaucratic processes and offering incentives for foreign investors, and discusses why Cambodia is seen as a Tiger Economy with the benefits of its strategic location within ASEAN increasing its appeal as a potential investment, logistics and tourism hub.Realestate.com.kh, the leading online property and real estate platform in the Kingdom offers a range of easy-to-use tools for property searchers and investors on their website and on their app. For this guide, they say “Whether you're a seasoned investor or simply curious about the market trends, this guide is a must-have resource.” The Why Cambodia Guide endeavours to give would-be investors a brief overview of the Cambodian economy with a special focus on its property market. Over the past few decades of the country’s development, many have noted that getting a grasp of the larger Cambodian economy often requires hours of analyzing graphs, reading news articles, and watching interviews with experts on the matter. It is this decentralized status quo of information the Why Cambodia Guide seeks to simplify and serve as a starting point for the many foreign investors, and even local ones, in their preparation for Cambodia’s return to economic form. The Why Cambodia Guide is part of Realestate.com.kh’s long-term goal of contributing to the growth of the Kingdom’s economy and gradually improving the standard of living for the Khmer people. The Why Cambodia Guide will be published digitally and will be made available for FREE.CLICK HERE TO DOWNLOAD FREE

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

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:

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

Yes, foreigners are legally allowed to directly own condominiums in Cambodia according to Cambodia’s foreign ownership laws! But there are specific restrictions and requirements that they have to follow to legally own condominium-type property in Cambodia!Strata Titles: Foreigners can own condominiums through strata titles, which are property ownership certificates issued by the Ministry of Land Management, Urban Planning, and Construction. This form of ownership was introduced in 2009 and allows foreigners to directly own private units in co-owned buildings. These titles are recognized on a national level, making them a secure form of property ownership in the Kingdom.Eligible Properties: Foreigners can only own condominiums that are strata-titled and built from 2010 onwards. Strata titles cannot be used for projects within 30 km of a land border.Land Ownership: While foreigners can own condominiums, they are prohibited from owning land directly in Cambodia. However, they can indirectly control land through long-term leases or by setting up a company with a majority Cambodian shareholding.On a side note, there has been a lot of debate about which term is correct: "apartment" or "condo"? At Realestate.com.kh, the terminology doesn’t matter. What matters is that we have plenty of listings for both and allow users to select multiple property types when searching.If you're looking for an apartment or condo for sale, make sure to select "condo," "apartment," or "serviced apartment" during your search on our website. Are there any restrictions on the number of condominiums foreigners can own in a single building as well? Yes, there are restrictions on the number of condominiums foreigners can own in a single building in Cambodia. For instance, Percentage Limitation: Foreigners are allowed to own up to 70% of the units in a condominium building. This means that at least 30% of the units must be owned by Cambodian nationals.Ground Floor Restriction: Foreigners cannot own units on the ground floor of a building. Hence, you can invest in how many floors you want, just exclude the ground floor!No Limit on Number of Units per Foreigner: While there is a limit on the total percentage of units that can be owned by foreigners collectively, there is no specific restriction on the number of units a single foreigner can own within that 70% limit. However, the overall quota for foreign ownership must not be exceeded.Strata Title Requirement: Foreigners can only own condominiums that are strata-titled, which typically applies to buildings constructed from 2010 onwards!Many new developments in Cambodia offer strata titles, which are listed on Realestate.com.kh as well. These developments include projects such as Le Conde BKK1, J Tower 3, and Rose Apple Square. As of 2025, Cambodia has also introduced new property tax incentives to encourage homeownership and stimulate the real estate sector. These incentives include exemptions and preferential tax rates on stamp duties for first-time home buyers and those purchasing from registered housing development companies. Overall, while there are restrictions on foreign ownership, the strata title system provides a secure and legal way for foreigners to invest in Cambodia's real estate market.Read our guide on understanding property titles in Cambodia.2 Main Licenses To Verify Before Buying Another important thing to take note of is the two main licenses that you need to verify before purchasing any property! When purchasing a property in Cambodia, it is crucial to verify that the developer has obtained two key licenses: the Construction License and the Sales License. These documents ensure that the developer is legally authorized to build and sell the property.Construction License: This license is issued by the Ministry of Land Management, Urban Planning, and Construction and confirms that the developer is legally permitted to construct the property. It ensures that the project meets necessary building standards and safety regulations.Sales License: The Sales License, also known as the Sales Permit, is equally important as it grants the developer the legal authority to market and sell the property. This license verifies that the developer has completed all necessary legal procedures to offer the property for sale.Additionally, as of 2025, real estate service licensing in Cambodia has moved to an online platform, making it easier to verify the legitimacy of real estate services and developers. The procedure of application for professional certificates and licenses of real estate services via the information technology system portal was launched in August last year, making the licensing procedure more straightforward, less time-consuming, and effective as compared to the old licensing procedure!Make yourself a checklist before buying a property in Cambodia! Pre-Sales Period in CambodiaIn Cambodia, developers often engage in pre-sales marketing activities after obtaining their construction licenses. During this period, they are permitted to collect a fully refundable booking fee from potential buyers while awaiting the issuance of their sales licenses. This practice is common in the Cambodian real estate market, allowing developers to secure interest and early commitments from buyers.But as always, there are some key points to consider as well! For instance, Refundable Booking Fees: Buyers should ensure that any booking fees paid during the pre-sales period are fully refundable if the project does not proceed or if the sales license is not obtained.Developer Credibility: It is crucial to research the developer's background and reputation to minimize risks during the pre-sales phase.Market Conditions: In 2025, Cambodia's real estate market is characterized as a buyer's market, offering strong negotiating power for those with solid finances. This environment can provide favorable conditions for buyers to secure good deals during pre-sales.If you're considering investing in condominiums in Cambodia, ensure that your investment is secure and compliant with local laws, with our help from us! Visit Realestate.com.kh to explore a wide range of strata-titled properties and get expert advice on navigating Cambodia's real estate market safely. -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

(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：

Favourable foreign ownership laws, a U.S Dollar based economy, rental returns of up to 10% per year, and high yields are just a few reasons why Cambodia is a great investment destination. To help you make an informed decision for your investment in Cambodia, we highlight some of the common types of opportunities that are available in the Cambodian market.Condominiums and ApartmentsThis is the most common type of investment for foreigners in Cambodia, and in many ways, the easiest to understand. Most developers targeting international buyers will structure projects with some sort of rental return scheme or GRR, generally around 5%+ per year for up to three years. Although not all developers will offer a GRR scheme and may opt for offering buyers a small discount on the purchase price, especially if they are targeting buyers that intend to live in the property. A common question you will be asked by developers is: Are you buying for living or investment?*Guaranteed Rental Return (GRR) or Rental Return Scheme (in some counties) is the amount of money often communicated in a percent based on the purchase price of the property that the developer guarantees you as the buyer in return, over a certain period of time. If you are purchasing a property with GRR make sure it is mentioned in your sales and purchase agreement.Learn more about Guaranteed Rental Returns hereStrata titled office space and commercial unitsSimilar to the high demand for more housing in Cambodia, there are also 100's of new businesses and multinationals entering the market. In line with this, developers have identified this as an opportunity to differentiate themselves from their competitors and offer strata-titled office or commercial units for sale. Sometimes this can be integrated into a development that will also include apartments for sale, or it can also be a stand-alone office development project.Serviced Residence, Hotel and Resort-style investmentsAn increasingly common investment type or opportunity that we are seeing in Cambodia is investing in a serviced residence or hotel. This can be highly attractive to many investors that are looking for high and often guaranteed rental returns. It is also not uncommon for these types of investments to have a Guaranteed Buy Back option built into the purchase.A guaranteed buyback is a contract between the developer of a new project and anyone who buys a unit within that development stating that the developer will buy back the unit from the owner after a fixed period of time.Colonial apartmentsCambodia is littered with 100's of old French colonial buildings, and a common trend for foreigners living in Cambodia is to buy an older apartment, with the vision of renovating the property before selling it at a higher price. This is very common in many markets around the world. Whilst there are some great financial gains to be made in this type of investment, we would advise anyone living outside of Cambodia to focus on other investment opportunities in the property market, that come with a long-term lease, hard or strata title.Realestate.com.kh is home to over 30,000 (and growing!) property listings all over Cambodia. Our property advisors are on standby to help you in your real estate search!Need help finding the right property? Let us know!Article by:

What is the driving force behind your decision to invest in a market that may be completely different from your present portfolio?Cambodia is an emerging nation, known for its beaches and mountains, historical sites, you can step back in time in a local village, unchanged for decades, or enjoy bustling vibrant growing capital city.Thinking about retirementWhile Thailand has historically been a popular destination for retirees, Cambodia is rapidly gaining interest both for those retirees presently based in Thailand, or those looking for an alternative to retirement in their country of origin. In fact, InternationalLiving.com's Annual Global Retirement Index for 2019 has named Cambodia as the number 12 best place in the world to retire. Access to inexpensive quality healthcare, ease of visa processing and an ever-increasing expat community makes Cambodia an attractive retirement destination.Holiday Home & InvestmentWhile the average rental returns may not equate to those achieved in your country of origin, the lower market entrance costs, fees and services combined with the local purchasing power of your dollar, puts Cambodia on your investment portfolio. Whether you enjoy the hustle and bustle of city life or the beachside lifestyle opportunities abound for those investors wishing to combine the flexibility of having a holiday home, while receiving an income in your absence.For personal use onlyWhether you are contemplating retirement, using Cambodia as your home base or working here, purchasing a property versus renting is a common occurrence for expatriates. Finding just the right place, in the right location for the right price requires research and access to market knowledge. Click the link below for further information.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:

Under the tax rules of Cambodia, which are administered by the General Department of Taxation (GDT), rental income is subject to taxes. Depending on whether the property owner is a resident, non-resident, or legal entity (business), various charges apply. Let's explore the different taxes on rental property with realestate.com.kh!Additional reading: Property Tax in Cambodia: What You Need to Know1. For Resident IndividualsIf you are a Cambodian tax resident (individual), rental income is subject to Tax on Income (TOI) under a very simple tax system. Those include:Rental Income Tax Rate: You need to pay 10% tax on the total rent you receive, with no expenses deducted.Withholding Tax: If a company or organization pays rent to a person, they must withhold 10% of the rent and send it to the tax office.Tax Filing: Individuals must declare rental income in their annual income tax return. Further reading: 50 Must-Know FAQs for Real Estate Investors in Cambodia2. For Non-Resident IndividualsIf you are not a Cambodian tax resident:Withholding Tax: When rent is paid to someone who does not live in the country, 14% tax is taken from the total rent. The person or business paying the rent must withhold this tax.** No deductions are allowed (the tax is based on the full amount of rent.)3. For Legal Entities (Companies)If a company registered in Cambodia owns the rental property:Corporate Income Tax: The rental income is treated as business income and taxed at 20% on the profit after expenses.VAT: If the company’s rental income is more than about $60,000 per year (KHR 250 million), it must charge 10% VAT on the rent.** This means the company pays 20% tax on net rental income and adds 10% VAT if the rental income exceeds the VAT registration limit. In addition to that, Real Estate Tax (TOIP): There is an annual tax of 0.1% on properties valued over KHR 100 million (about USD 25,000). This tax applies to land, houses, buildings, and other constructions.Monthly Tax Payments: Companies or businesses may need to file monthly tax reports for rental income and withholding taxes.Stay informed on Cambodia’s Real Estate Taxes in 2025 and visit realestate.com.kh now to learn everything you need to know about Cambodian property taxes and make smart real estate decisions today!

As Cambodia continues to welcome increasing numbers of tourists and foreign visitors, especially during the high season, many are also showing interest in investing in real estate. With more direct flights, new infrastructure, and growing optimism in the market, Cambodia remains an attractive destination for property buyers.However, before buying property in Cambodia, it’s important to understand the different types of property ownership documents, also known as property titles. These titles are legal papers that show who owns the property and what rights they have over it.In this article, realestate.com.kh will break down the main types of property titles in Cambodia, how they work, and what foreign buyers need to know.Hard Titles (Official Ownership)A Hard Title is the most secure and legally recognized type of property ownership in Cambodia. These titles are issued by the Ministry of Land Management, Urban Planning and Construction and are stored in the national land registry system.If there’s ever a dispute between a Hard Title and another type of title, the Hard Title owner usually wins in court.Further reading: What is the difference between Hard Titles and Soft Titles in Cambodia?Common types of hard titles:LMAP Title (Land Management and Administration Project)The most accurate and safest form of Hard TitleComes with GPS coordinates that clearly show the land boundariesTwo versions exist: one with a QR code and one withoutIdeal for avoiding land disputesFeature TitleThe oldest type of Hard Title, used in the 1980s and 1990sMany of these are now being upgraded to the LMAP systemStill valid, but may lack some modern details like GPSSecond-Generation Hard TitleIntroduced in the 2000sMore detailed than Feature Titles, but newer applications are now registered under LMAPStrata Titles (Hard Titles for Foreigners)Many foreigners believe they cannot legally own property in Cambodia, but Strata Titles are the exception. This is a special type of Hard Title that foreigners can own, but only under certain conditions.What is a Strata Title?A Strata Title allows individuals to own a specific unit in a co-owned building, like a condo, apartment, or office space. This means you can legally own your unit, while common areas (like lobbies, pools, and gyms) are shared.Conditions for Foreign Ownership:Foreigners cannot own ground-floor unitsAt least 30% of the building must be owned by Cambodian citizensApplies only to buildings registered after 2009Most suitable for condos and commercial spacesExample: A foreign investor can buy a condo unit on the 10th floor of a co-owned building with a Strata Title, but cannot buy a villa or a landed house.Additional reading: Is Buying Off-Plan Property in Cambodia the Smart Move for Investors and Homebuyers?Soft Titles (Informal Ownership)A Soft Title is the most common type of ownership in Cambodia, especially for locals. However, foreigners cannot legally own property under a Soft Title.Soft Titles are issued by local authorities (not the national government), and they are not registered with the Ministry of Land. They are cheaper and faster to obtain, but they are riskier because they don’t carry the same legal protection as Hard Titles.Over the years, many Soft Titles have been upgraded to Hard Titles through a legal registration process.Example: A Cambodian family may own land under a Soft Title in a province, but to legally sell it to a foreign buyer (via a Trust or as part of a co-owned building), they’d need to upgrade it to a Hard Title.Can Foreigners Own Landed Property (Like Boreys)?No. Under current law, foreigners are not allowed to own land or houses on the ground (landed property) in Cambodia. This includes Borey homes, which are very popular housing projects in the country.The only legal way for foreigners to invest in Cambodian land is through a Trust structure.Learn more about how foreigners can legally own property in Cambodia.Trust Law in CambodiaIn 2019, Cambodia introduced the Trust Law, allowing foreign investors to indirectly own land by placing it under a Trustee, a registered company or person who holds and manages the property on behalf of the foreigner.This method is more complex and usually used for large investments. It’s important to choose a reliable and registered Trustee to avoid legal issues.As of late 2022, 52 registered trusts had been approved by the government.Example: A foreign investor wants to invest in a piece of land to build a factory. Since they can’t own it directly, they register a Trust with a Cambodian Trustee to hold the land on their behalf.Read more about Cambodia’s trust service and how it helps foreign investors.Final Tips for Property Buyers in Cambodia Foreigners can legally own condos or office units with a Strata TitleForeigners cannot own land or Borey homes directlyHard Titles are more secure than Soft TitlesLMAP Titles offer the best protection thanks to GPS and national registrationSoft Titles can be converted to Hard Titles with the right processUsing a Trust is a legal way for foreigners to invest in land indirectlyIf you are looking to explore property opportunities in Cambodia, whether for investment, retirement, or business, make sure to do your research and work with licensed real estate professionals and legal experts.For updated property listings, legal advice, and investment guidance, visit Realestate.com.kh, Cambodia’s leading property platform! Contact us now- 📞 +855 92 92 1000📧 info@realestate.com.kh📍 Visit us at The Connect Center:#306BCD, Monivong Blvd (93), Sangkat Chakto Mukh, Khan Doun Penh, Phnom Penh🕘 Mon–Fri: 9:00 AM–5:00 PM | Sat–Sun: 10:00 AM–5:00 PM

Foreigners are 100% eligible to own a freehold condominium in Cambodia under certain conditions.The Cambodian Foreign Ownership Property Laws (legislation passed in 2010), allow foreigners to buy and own properties in Cambodia on the 1st floor or higher of a condominium. The property must possess a strata title and cannot exceed 70% foreign ownership.What does "off the plan" buying mean?Off the plan purchasing is literally what it sounds like. You are purchasing the condominium (condo) prior to its construction based on its design and construction plans. You sign a contract that reflects the agreed price of the condo as per the architectural specifications, any additions or changes you require. Generally, a deposit is required, (the amount of deposit is at the developer’s discretion and can be as high as 50 percent of the purchase price, or even higher), with the payment of these funds made by installments based on construction milestones set by the developer.Investors should develop an in-depth understanding of the installment payment plan triggered by construction stage milestones. These milestones may be based on various different construction stages. Some maybe a simple percentage of completion calculation or reliant on certain physical construction stages being met, such as floor topping of your level, electrical installation, certification of plumbing, etc. Unscrupulous developers may call for payments on milestones that have not been achieved. It is important to ensure investors have independent, suitably qualified advisors to monitor this process.When the building is finished, the developer hands you the keys to your new condo! Be certain to ensure there is a warranty and defects period included in your contract, identifying what is covered under warranty and a clear defect rectification process is in place, including contact details of the party responsible for addressing defects.What’s the advantage of buying off the plan?By purchasing at the development stage, buyers have the opportunity to select condos with the best locations, or prime units, in the development. Obviously, as the development progresses the availability of these prime units decreases.Buying off the plan offers you the flexibility to customise your condo within the limits of construction design. Whether you want to change the floor plan, surface treatments, lighting etc, these changes are easily achieved and are markedly less expensive during development.Off the plan discounts.Developers have loans to service and construction costs to cover. The more pre-launch sales deposits they receive, the better. This motivates the sales team to offer discounts on the purchase price, particularly if the market slows during the construction period. Many developers now offer rental guarantees to potential investors as enticement. These guarantees are traditionally based on a percentage return on investment.Historically, there have been occasions when off the plan buyers have seen substantial capital growth in their investment compared to purchasers who invest post-construction. Investors and speculators find this compelling, however, it is wise to consider that due to oversupply or global financial issues, the opposite can occur.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:

(The Kingdom of Cambodia’s rapid real estate development has been a boon to land-owners across the country. Photo by Ly Vanna.)One of the first things you learn in real estate is that land value continuously appreciates. In the Kingdom of Cambodia, this has become more apparent.This is especially true in the rapidly developing urban population centres (such as Phnom Penh and Sihanoukville) and major public infrastructure works (such as National Road 3, and the road projects in Kampot and Sihanoukville, or near national planned airports etc).According to CBRE’s Fearless Forecast 2020 report, land prices across Phnom Penh’s districts rose significantly. The districts of Daun Penh, Chamkarmon, and 7 Makara have seen the largest appreciation as these started the decade with prices around 2,000 USD per sqm.These same districts saw prices of ~6,000 USD per sqm in 2019; a 200% increase in value. Toul Kork, one of the most recently developed districts in Phnom Penh, has spiked in land value - from ~1,000 USD per sqm in 2010 and closed 2019 at an average price tag of around ~3,500 USD per sqm.(Phnom Penh's land prices have been on a steady increase since 2010. Source: CBRE Research 2021)Property in the countryside has risen as well due to the rehabilitation of major road networks. In the Kandal province, for example, the price per square metre of land was reported to cost $5 USD. But when road works began for the National Road 3, prices spiked to $13 USD per sqm. That may not sound like a lot compared to prices in Phnom Penh, but you have to remember that land in the countryside is purchased in hectares and not at a few hundred square metres.The uptick of land purchases and developments are showing no signs of slowing down anytime soon either. And that’s why you should consider buying landed property while they’re still affordable and profitable!Read the latest on why investing in Cambodia is a great idea.But before you buy, let’s understand the factors influencing the appreciation of land values.Why does land value appreciate?(The inherent value of land is tied with the versatility it provides when it comes to development.)Land has intrinsic valueLand has unquestionable intrinsic value since it can always be used for something that can produce valuable goods and services - something the Cambodian government, the private sector, and a few enterprising individuals in the countryside duly understand.For a better understanding of how intrinsic the value of land is, let’s take a look at cryptocurrency as a store of value. Without anyone accepting cryptocurrency as a medium of exchange, it cannot be used to produce anything else.On the other hand, even if land cannot be used as a medium of exchange, it can be used to build a house or a condominium that can be rented out. It can also be built into a mall to house shops selling a variety of products. If you don’t have any capital, you have the option of converting the land into a simple parking lot where you can charge cars for parking fees.With a few improvements here and there, a land’s inherent value further increases when there’s adequate infrastructure - which leads us to our next reason.Availability of infrastructure(Electricity in the Kingdom is of particular importance to continue its industrial growth.)Underdeveloped infrastructure isn't a problem unique to Cambodia, it still does greatly influence the development and pricing of property in the Kingdom. This holds true in major economic hubs like Phnom Penh and Sihanoukville - cities which are seeing the fastest rates of development of residential, commercial, and industrial projects which stretch the capacity of existing infrastructure to support them.For landed property developers, such as boreys, some developers have to construct their own electric/water supply infrastructure, further driving up the cost of the development.Land, by itself, is mostly useless for most modern-day purposes. This highlights the need for adequate infrastructure to support residential, commercial, and industrial endeavours. In particular, infrastructure for electricity and running water are key factors in the viability of any residential or commercial prospect.Hence, land property with access to the necessary electric and water supply makes for a valuable purchase for most developers.Location, Location, Location(Real estate is business, and business is heavily dependent on location.)As Mark Twain once said, “Buy land, they’re not making it anymore”.There is only so much land available that’s proximal to any city centre. The areas around the busiest and most populated parts of a city or a province will be most sought after due to their proximity to where people want convenient access to. As a city like Phnom Penh expands, it only follows that the accompanying land prices surrounding its busiest commercial and most popular residential areas rise as well.4 Reasons you should consider buying land property todayLand appreciates, your money does not. As Cambodia grows, so does its need for more residential, commercial, and industrial development. More projects from the government and private sector will be unveiled hence buying bare plots of land today, at incredibly low prices, can be a good means of protecting your wealth from inflation and grow it at a pace no savings account ever will.Read here if you want more advice on what you need to know BEFORE you invest in Cambodian land.Here are a the FOUR main reasons why you should consider buying land in the Kingdom:1. Boreys are becoming more popular in Cambodia(Boreys are gated communities in Cambodia offering shophouses, linked houses, and villas to the local real estate market. Phorn Seiha / Realestate.com.kh)Boreys have become increasingly popular among Cambodians as these gated communities provide a sense of community and security to their residents. Amenities such as parks, pools, and activity centres also have value-added appeal to buyers. Developers have also taken interest in the mid-range market to appeal to more Cambodians looking to buy a home.To give you a measure of how popular Boreys are, let’s crunch some numbers: According to Knight Frank’s H1 2019 report, there were a recorded 51,278 Borey houses distributed across 131 Borey developments in Cambodia. By the end of that period, there were 18 more Borey developments launched with more than 22,500 units expected to be added by 2021. Borey developers are also seeing up to 80% sales rates for their projects.In a few years’ time, more than 80,000 Borey units consisting of villas, shophouses, and linked houses will be available to local buyers. It probably goes without saying, that’s a lot of landed residential property coming into the market very soon.2. Rehabilitation of national roads(The rehabilitation of National Road 3 has caused surrounding land prices in the Kandal prices to increase. Photo by Valinda Aim from Khmer Times.)Development is stretching outward the major economic centres (Phnom Penh, Siem Reap, and Sihanoukville) every year. The Cambodian government has announced several major road rehabilitation projects stretching out of Phnom Penh, most notable of which are National Road 2, National Road 3, and National Ring Road 3.It’s also important to note that each of these major national roads is linked with other national roads leading to other parts of the country. It would be best for you to consult your local google maps to see where you can potentially buy land.3. Less management requiredMaintaining an empty plot of land doesn’t require much work or attention. As opposed to managing a business or rental property, all an empty plot of land probably needs is a fence and the ocular inspection every now and then, or maybe even a post to say that someone owns the property.Either way, maintaining a plot of land has comparatively fewer headaches than most other investments.4. Competition doesn’t existNo two pieces of land are exactly the same. At least one or more major factors (available infrastructure, access to roads, proximity to the city centre, land quality, etc.,) will always be different.Comparing that to condominium or borey property developers - who have to spend a lot on marketing their projects - you as the owner of a bare plot of land will not have to go through the same level of competition to acquire a buyer.What to do with the land you bought in Cambodia(Respondents from the Realestate.com.kh Consumer Sentiment Survey indicate they would buy real estate property as an investment over as a place of residence.)As anti-climactic as it may sound; this entirely depends on you. Many people, according to realestate.com.kh’s consumer sentiment survey, indicated that they wanted to buy land property mainly for investment purposes. In a story previously posted on realestate.com.kh, a resident of Kampong Speu along with his friends bought several plots of land around National Road 3 prior to the announcement of its rehabilitation. They expected their investment to profit in a few years but little did they expect they would more than double their earnings in just a few months once the government officially announced the rehabilitation project.If you’re not savvy when it comes to flipping land, and you don’t have a home to call your own, there’s always the option of using the land you own to finance a house.There’s also the additional option of leasing your land. This is a different process altogether but it’s essentially renting your property to an individual or entity that can make better use of it. This keeps you as the owner of the land while you’re paid fees for simply owning property.Again, this entirely depends on the land you have and what your future goals are. If you want to get started, you may check our listings page for properties you may be interested in!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:

Transferring money into Cambodia is generally a smooth and uncomplicated process. However, it’s important to follow the country’s financial regulations and work with licensed institutions to ensure compliance and avoid delays. In this guide, realestate.com.kh will outline everything you need to know about foreign exchange rules, investment-related transfers, and best practices when moving money into Cambodia.Foreign Exchange Regulations in CambodiaCambodia maintains an open and investor-friendly approach to foreign currency movements. There are no limits on sending money back to your home country, whether it is your original investment or your earnings, as long as you use approved banks like those licensed by the National Bank of Cambodia (NBC).(the current or the old building of the National Bank of Cambodia- NBC)According to Cambodia’s Law on Foreign Exchange (1997), Cambodia does not impose controls on foreign exchange operations conducted through authorized intermediaries. This includes:Buying and selling of foreign currenciesInternational payments and settlementsCapital flows between residents and non-residentsTransfers in both foreign and local currencies The official currency is the Cambodian Riel (KHR), but the US Dollar (USD) is widely used in business transactions and daily commerce. This dual-currency system allows for flexibility in transferring and using foreign funds.Authorized intermediaries (typically commercial banks) are required to report all foreign exchange activities to the NBC. Residents are also allowed to hold and use foreign currencies freely within Cambodia, both in cash and in bank accounts.Cambodia does not limit the movement of capital, but money sent abroad may be subject to withholding taxes, especially for business payments. For example, a 14% withholding tax usually applies to payments like branch profits, dividends to non-residents, interest, royalties, and service fees related to Cambodian sources. Individuals and companies should check with tax experts or their banks to understand any taxes or fees that might apply to their transfers. Additional reading: Property Tax in Cambodia: What You Need To KnowTransferring funds for investment purposesWhen transferring money related to investment or the liquidation of assets, the transaction must be done through an authorized financial institution. Banks are required to report any single transfer equal to or exceeding USD 100,000 to the National Bank of Cambodia.This requirement applies to both inbound and outbound capital movements and helps ensure transparency and regulatory oversight for large-scale transactions.Money transfer rights for investorsCambodia’s Amended Law on Investment (2003) provides several protections for foreign investors, particularly for businesses recognized as Qualified Investment Projects (QIPs).QIPs have the legal right to transfer foreign currency abroad for purposes including:Paying for imported goods and servicesPaying back international loans (both the main amount and interest)Paying royalties and management feesSending profits and dividendsSending back invested money if the project closes or is soldThese transactions must be processed through authorized banks, and investors are advised to maintain proper records and documentation to avoid any compliance issues.Further reading: Common Payment Methods for Buying Properties in CambodiaWhat to remember when transferring Money to CambodiaBefore transferring funds into Cambodia, keep these points in mind:Always use a licensed financial institution to handle the transferCommunicate with your receiving bank in advance to understand what documents are requiredKnow that large transfers over USD 100,000 must be reportedKeep in mind there may be taxes, especially for business or investment moneyIf you are a QIP investor, you have special benefits for sending money out, so make sure your business is registered to use these benefitsFurther reading: 50 Must-Know FAQs for Real Estate Investors in CambodiaNeed help transferring funds safely and smoothly when buying property in Cambodia? Our team at realestate.com.kh is here to guide you every step of the way.Contact us today for expert assistance with your payment transfers and make your property purchase hassle-free!📞 +855 92 92 1000📧 info@realestate.com.kh📍 Visit us at The Connect Center:#306BCD, Monivong Blvd (93), Sangkat Chakto Mukh, Khan Doun Penh, Phnom Penh🕘 Mon–Fri: 9:00AM–5:00PM | Sat–Sun: 10:00AM–5:00PM

Homeownership comes with a range of financial responsibilities beyond the initial purchase price. One aspect that homeowners often encounter is maintenance fees. In this article, we will explain the concept of maintenance fees and general costs in Cambodia. What Is Maintenance Fee? Also known as service charges or due, these are recurring payments that individuals or entities make to cover the costs associated with maintaining and managing a property, service, or asset. These fees are often used to support ongoing operational expenses, repairs, upgrades, and other essential services. Maintenance fees can be charged on a monthly, quarterly, or annual basis, depending on the arrangement. In the context of homeownership, maintenance fees are typically associated with condominiums and boreys. Residents pay these fees to cover the upkeep of common areas such as landscaping, swimming pools, elevators, and security services. This allows property owners to collectively maintain the shared facilities and services that enhance their quality of living.  In Cambodia, fees go towards hiring property management companies to oversee the day-to-day operations, address resident concerns, and enforce community rules. How Is the Maintenance Fee Calculated? While a one-size-fits-all formula for calculating maintenance fees doesn't exist, the final expenses are influenced by several factors like the type of services provided (such as common area cleaning, lift maintenance, and security), the facilities available (such as pools and gyms), the size common areas, and the quality and quantity of services demanded by residents. For a condo, the fee ranges from $0.50 to $2 per square metre and for Borey, the maintenance fee will depend on the developer, some might include a security guard, landscaping and garbage collection in the project area.  Why Is It Important to Regular Maintenance? Similar to any other asset, it's essential to recognise that a property will inevitably age over time. This ageing process can significantly impact its appreciation and value, especially if you intend to sell it. It's crucial to keep in mind that properties naturally undergo changes as they age. Consequently, it's worth considering the implementation of effective property management to oversee the maintenance of the property. This approach ensures that quality maintenance is consistently upheld.  In conclusion, maintenance fees are a crucial aspect of homeownership within shared communities. While they represent an ongoing expense, maintenance fees contribute to the value and overall appeal of the property. If you are interested in learning more about properties in Cambodia, our real estate agents are ready to assist you. Contact us today.  Click Here

When purchasing a property, it is essential for buyers to consider the importance of long-term maintenance and sustainability. Thus, having a reliable financial mechanism is crucial to meet eventual repairs or major renovations. This is where the concept of a sinking fund comes in handy. In this article, we will explain the significance of a sinking fund, exploring its purpose, relevance in real estate, calculations, and how it operates within the local contextWhat is a Sinking Fund?A sinking fund is a designated pool of money set aside by an individual, corporation, or homeowners' association to accumulate funds over time for a specific purpose, such as repaying a debt or financing future expenses. It involves making regular contributions or deposits into the sinking fund with the goal of accumulating enough funds to meet a future financial obligation or goal.Purpose of Sinking FundThe primary purpose of a sinking fund is to ensure that there are adequate funds available when needed, thereby reducing sudden financial burdens. It is commonly used in various contexts, including corporate finance, personal finance, and real estate. In corporate finance, companies may establish sinking funds to gradually set aside funds for the repayment of long-term debts, such as bonds or loans. This allows them to systematically retire the debt over time.On an individual level, sinking funds can be used to save for significant purchases or expenses, such as a down payment for a house, a vehicle, or a vacation. By regularly contributing to the sinking fund, individuals can accumulate the necessary funds and avoid the need for excessive borrowing or draining their savings all at once. How are Sinking Funds Relevant to Real Estate?Sinking funds are also relevant in the context of real estate, particularly when it comes to strata buildings or condominiums. In real estate, a sinking fund is a financial tool utilised by owners' corporations or homeowners' associations to ensure the availability of funds for future maintenance, repairs, and refurbishments of the property. For example, in a condominium, the sinking fund is set up to cover common emergency expenses and major capital works related to the building. This fund is built up over time by contributions from the individual unit owners, typically through regular payments or levies. The purpose is to accumulate sufficient funds to address significant expenses that may arise in the future, such as roof replacement, elevator repairs, or structural renovations.By establishing a sinking fund, it can proactively plan for and finance the ongoing maintenance and improvement needs of the property. This helps distribute the financial burden among the owners and ensures that adequate funds are available when necessary, preventing the need for sudden special assessments or significant increases in fees.How are Sinking Funds Calculated?Using examples from other countries, sinking fund fees are calculated based on an audit of the building known as a sinking fund forecast. This audit is undertaken by a suitably qualified surveyor engaged by the owner’s corporation. This audit looks at the condition of the building, plant and machinery, and calculates the life cycle of these items, forecasting either the plants’ replacement or refurbishment in a set number of years, for example, 7, 15 and 20 years from the date of the audit. The audit will also calculate what these works may cost in the future. These costs will be broken down into per lot fees paid either monthly or annually, to be held in trust by the owners’ group until the refurbishment is required.Sinking Funds In CambodiaAlthough the Cambodian Government introduced the 2009 Sub-decree on the Management and Use of Co-owned Buildings that requires “ the co-owners to establish a management board or an executive committee as agreed among themselves following the prescribed internal regulations” the requirement to establish a sinking fund and its associated requirements are not completely covered by this decree.If you're a newcomer to property investment in Cambodia or eager to make an informed decision, reach out to our real estate experts today for a consultation on the Cambodian property market. At Realestate.com.kh, we offer current insights and help customers find their dream properties every day. If you are interested to learn more in detail about the properties available in Cambodia, our real estate experts are ready to assist you. Contact us today. Free Consultation Here

(Being in your 20s and even your 30s affords you so much time and opportunity to earn that you might not have later on in life. It’s also the best time to start saving money for your first home investment. Image Supplied)If you’re under the age of 30, working a decent job, and don’t have a home to call your own, then it’s the perfect time to save for your first house. Cambodia’s property selection, especially in Phnom Penh, are plentiful, and in a few years’ time, you’ll practically be swimming in borey/condominium choices!At the back of your head, you might be saying “But I’m young! I want to see the world and experience new things!” or “Have you seen the prices? They’re so expensive!”. While both are popular concerns, they’re also not as serious as you might initially believe.Why you should start saving for a home while in your 20sBeing in your 20s is probably one of the best times to start saving. Unfortunately, youth is often wasted on the young. Most young working adults spend their money on travelling and expensive food/services - thinking they’ve worked for this, why shouldn’t they spend it?And that’s where the problem lies. Being in your 20s affords you so much time and opportunity to earn that you will not have (to the same degree) in your 30s and 40s. Setting some money aside, especially in your early 20s, will give you a big advantage once you eventually realise the value of owning a home. As the saying goes, “The early bird gets the worm”. The money you should set aside on a regular basis doesn’t have to be big either! By cutting down on things you spend every day or every-now-and-then, you’ll eventually accrue enough savings to consider getting a downpayment.We’re not saying you should completely stop spending on the fun things in life (though if applicable, do it!), but you can definitely compromise on their frequency for the sake of your future home security.Tips to save money every day, every week, every monthLimit the international travel(Carefully selecting and limiting your international travel is a great way to save money. Photo by Economytraveller.com)You’re young and the world is your oyster. But much like the pearl in it, it can get really expensive. If you have a knack for travelling abroad multiple times a year, you might wanna cut that down to once or twice per year, at most.International ticket fares cost no less than $200 USD (return flight included). Of course, airfare tickets aren’t the only thing you’ll be spending on. Depending on how long you’re staying and what you’re gonna be doing, you could budget anywhere from $300 USD to $1,000 USD for accommodation, food, souvenirs, and activities.You’ll be saving around $500 USD per year at least simply by holding off on that trip. We know cutting down on this expense can be a pain for the travel bug in you. But these are substantial amounts you could be saving for a real estate property you can call your own!Limit the expensive restaurants(Good burgers like this can cost upwards of $10 USD per serving in Phnom Penh. Photo by Timothy O’Toole)Cambodia, especially Phnom Penh, is home to a lot of good food! The capital city hosts a multitude of cultures offering their cuisines alongside local Khmer favourites. But as the market for good food grows, so do their accompanying price tags.The best meals are often among the expensive - easily ranging from $20 USD to $100 USD per meal. If you like to spend above $10 USD or more per meal, that means you’re spending around $20-30 USD per day on food. That amounts to around $600-900 USD on food every month, which is a lot!You can scale back on expenses by opting for cheaper (and often better value) food options, or plan your grocery shopping and cook from home more often. Since Phnom Penh is filled with superb food options, good eats can cost as little as $3-5 USD per meal.Food expense breakdownCost per meal (USD)Frequency per dayTotal cost per day (USD)Total cost per month (USD)103309005315450You could save around $450 USD (or more) per month or $5,400 USD per year simply by opting to eat meals at more modest places. Let’s not forget that you can save more money if you know how to cook! And if you don’t know how to cook, it’s a damn good life skill to have, so you better learn.Learn to say “No” to expensive activities/outings(Saying “No” can be good for your wallet and your eventual downpayment for your very own home. Photo by LostPlate.com)We love our friends and family. But constantly saying “Yes” to whatever and wherever they want to do or go can hurt your savings! It’s quite difficult to put a value on activities as these vary wildly. But for the sake of discussion, let’s assume some financial implications:Let’s say you’re spending $40 USD on outings every weekend - and that’s on top of your food expenses such as drinks, movies, transportation, or whatever is trending. If you go out every weekend (4x month) that could be an additional $160 USD of monthly expenses.Activity/Outing cost per monthTotal activity cost per weekend (USD)Frequency per monthTotal cost per month (USD)40416040280Again, activity/outing costs vary wildly. But one thing is for sure: going out every weekend is a bad idea if you’re planning to save money for a future project like owning your very own home.Skip the expensive coffee(Cutting down on your daily coffee can add up to significant savings at the end of the year. Photo by Discover Cambodia)At the risk of being chased out of Phnom Penh with pitchforks and lit torches, we have to say frequent consumption of expensive coffee can be bad for your savings! Let’s crunch some numbers.Cost breakdown of buying coffee per monthCost per branded coffee (USD)Frequency per dayTotal cost per day (USD)Frequency of days buying coffeeTotal cost per month (USD)2.525301502.512.52050You could be spending up to $150 USD per month if you’re spending $2.50 USD per serving of coffee and buying twice a day. Cutting this down to effectively half (in terms of frequency) can save you an additional $100 USD per month or $1,200 USD per year!We understand that this is going to be a tall order for a country that loves its caffeine. But constantly consuming coffee - multiple times a day - can slow down the progress of your savings.If you are looking to treat yourself to one excellent coffee, try out these cafes in Phnom Penh.Track your daily/weekly/monthly expenses(Tracking your regular expenses can you better insight into your spending habits - and know where to save. Photo by Review Geek)Listing down what you spend isn’t a bad thing, it's a smart thing to do to keep you in track! It will provide you with insights into your spending habits. Here are a few questions you can answer by tracking your regular expenses:What am I spending on?How much am I spending on it?How often do I spend on it?Answering the questions above will give you a picture of your spending habits and eventually help you decide on how best to maximise your savings with these questions:How come I’m not able to save any money?Do I really need to spend on this?Can I limit how much I’m spending on this?Knowing your spending habits goes beyond being able to save money, it can actually give you a picture of what your priorities are! Hence, why big companies today are invested in acquiring the financial data of consumers. But that’s a discussion for another day.Curious about home loan options in Cambodia?.Create a separate bank account specifically for savings(Banks like ABA offer convenient ways to create a savings account. Something you’ll need for any savings goal you may have. Photo by ABA)As my mom always says, “Save first and spend what’s left”. Banks like ABA allow you to make a separate bank account easily through your mobile device. Whenever you receive your salary or have money coming your way, we suggest saving a portion first before spending any of it, not the other way around!How much you need to save is entirely up to you as you know your needs best. A piece of good advice on knowing much to set aside is to “save money until it hurts”. This means you should set aside money right away and leave enough to meet your regular necessities. For the sake of putting a figure on it, this could range anywhere from saving 25% to 30% of whatever funds come your way.And remember, do not touch your savings unless it’s absolutely necessary!Read more in our ultimate guide to banking for foreigners in Cambodia.“Save money, it will be worth it”You may have already heard this several times from your elders, and it’s a cliché, we know. But you’ll soon realise that it’s cliché because it’s true.Cutting down on daily comforts will be difficult at first, and the temptation to indulge yourself will be alluring for sure, but trust us when we say it will pay off in the end. Owning a home is the best form of security you can give yourself, and quite frankly, you owe it to yourself to secure your future.So, the next time you’re thinking of buying your 3rd coffee at 5pm in the afternoon, ask yourself, “Do I really need this?”.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:

(The living room of a serviced apartment in The Elysee in Koh Pich, Phnom Penh. Realestate.com.kh)Whether you’re a tourist, expat, or even a local, serviced apartments offer plenty of conveniences not often included in other real estate properties. The “serviced” in serviced apartments particularly appeal to tourists and expats looking to have quality-of-life conveniences “built-in” with their residence.Included services in these apartments usually range from weekly cleaning services, regular laundry services, consistent supply of drinking water, and even a full concierge service similar to hotels. It’s important to remember, however, that service offerings will vary from apartment to apartment. For a more detailed discussion of what you should expect from serviced apartments as a whole, you can check out this brief guide to what makes for a well-serviced apartment in Cambodia.For this guide, we will be talking about where you can find serviced apartments (and what’s included in each one) for a long-term stay in Cambodia.Where can I find serviced apartments in Cambodia?Serviced apartments in Cambodia are largely concentrated in Phnom Penh. According to Knight Frank, an international property consultancy firm, most serviced apartments can be found in the following districts: Boeung Keng Kang (BKK) with 35%, Chamkarmon with 20%, Daun Penh with 13%, and Toul Kork with 12%.If you’re looking for commercialized districts that come complete with modern city staples like shopping malls, markets, banks/ATMs, restaurants, cafes, convenience stores, and offices, you should be considering living in these areas as they make up the city centre of Phnom Penh.What serviced apartments are good for long-term stays?We’ve come up with a few of the best-serviced apartments in Phnom Penh well suited for a range of the tourist/expat market looking to stay long-term in Cambodia. This list is by no means all serviced apartments in Phnom Penh, but a shortlist of what best represents the serviced apartment sector of Cambodia’s advancing real estate market.Silvertown Metropolitan(An aerial view of Silvertown Metropolitan, one of Phnom Penh's upscale serviced apartments. Photo courtesy of Booking.com)Starting Rent: USD $1,000 per monthOfferings: 1 bedroom to 3 bedroomsSilvertown Metropolitan is a high-end development that offers luxury condos, studios, and serviced apartments in BKK1. Expats, most especially, will appreciate the comforts immediately available. And given Silvertown Metropolitan’s proximity to the Mao Tse Tung Boulevard, anyone staying here can easily find their way to wherever they need to go in the city.Their tagline of “bringing L.A. to Phnom Penh” becomes apparent once you see their offerings and accompanying price tags. Starting at $1,000 per month, Silvertown Metropolitan is one of the more upscale and expensive serviced apartments in Phnom Penh. But does its services justify its price? If money isn’t an object and you don’t want any punches pulled in city pampering, then it certainly does. Their services include a 24-hour full concierge, housekeeping, and high-speed WiFi. Each unit comes fully furnished with a complete kitchen and dining area, laundering facilities, a refrigerator, hairdryer, robes, cable TV, towels, linen, and A/C. All rooms are outfitted with modern furnishings popular in posh West Coast apartments. Amenities such as the rooftop pool and fitness centre are also available for use.(An image of a bedroom in Silvertown Metropolitan serviced apartments. Photo courtesy of Silvertowncambodia.com)But if you’re more into what it offers beyond its premises, then it doesn’t differ too much from the other serviced apartments mentioned in this guide. Silvertown Metropolitan is in the mid-point between Preah Norodom and Preah Monivong Boulevard and sits close to Mao Tse Tung Boulevard. All these roads lead to the popular spots in BKK1, the Russian Market, and Riverside in Daun Penh.Silvertown Metropolitan represents one of the higher ends of the serviced apartment sector and with good reason: It tops the discussion when it comes to what condo has the best service and is well-managed in Phnom Penh.Silvertown Metropolitan Property ListingThe Elysee(The Elysee by Dara is inspired by the French monument, Arc de Triomphe)Starting Rent: USD $750 per monthOfferings: 1 bedroom to 4 bedroomsLocated in the French-inspired suburban area of Koh Pich, a.k.a. The Diamond Island, the Elysee is designed after the majestic Arc de Triomphe. And much like the actual monument, The Elysee’s vicinity takes after the iconic townhouses and boulevards of modern-day Paris. The Elysee is also one of the newest serviced apartments developed in Phnom Penh.The Elysee certainly tops this shortlist as its French-influenced design comes with luxury amenities and services without necessarily breaking the bank. Units can be rented out for as low as USD $450 a month which already comes fully-furnished and includes Cable TV, internet WiFi, and housekeeping included in the monthly rental - a good package we’re certain anyone definitely appreciates. Renting here gives you access to a fully-equipped fitness center and steam & sauna within the comforts of the apartment.(An image of an apartment for rent in The Elysee. Realestate.com.kh)Koh Pich island lies east of Phnom Penh’s mainland and is one of the fastest-developing areas in the city. Commercial amenities such as banks, cafes, restaurants, and offices can be found throughout The Elysee’s immediate vicinity. The Elysee sits right on Koh Pich road leading to Samdach Sothearos Boulevard where AEON Mall 1 stands. The same road is connected to Preah Norodom and Mao Tse Tung Boulevard, giving residents access to even more commercial establishments in BKK1, Chamkarmon, and Daun Penh.Koh Pich’s inspired urban design offers a new and unique experience of living in Phnom Penh, making it one of the hottest properties to watch out for - and at a good price. If you’re interested in living in Diamond Island, we highly recommend checking this propertyThe Elysee Property ListingUrban Loft(An image of Urban Loft's exterior in Sen Sok. Photo courtesy of Google Map contributors)Price Range: USD $600 per monthOfferings: 1 bedroom to 3 bedroomsUrban Loft is a serviced apartment located in Sen Sok. While this area is quite some distance from the center centre, Sen Sok itself has seen massive developments in residential and commercial real estate. We recommend this area more for expats rather than tourists as it’s still in the early-mid stages of development and doesn’t have much to offer if you’re not staying long-term.(An image of a bedroom in Urban Loft Sen Sok. Photo from Urbanloft.com)Regardless, Urban Loft offers plenty of space for quality long-term living. Its wide interior design allows for large open-plan condos that maximize light and airflow within each unit. It’s also fully furnished so moving in is easy and quick - something we know expats would definitely prefer. Urban Loft’s spacious units are complemented by an expansive pool and gym. Families living here can avail of the kindergarten and babysitting services. An array of excellent schools are not too far away as Sen Sok is where boreys (gated communities) are becoming increasingly popular among Khmer families.AEON Mall 2, the biggest mall in the city, is just a 5 to 7-minute drive away. And down the road is the popular wholesale grocery Makro. Choices are becoming increasingly abundant in Sen Sok that going into the city proper is starting to become an option rather than a necessity.Urban Loft Property ListingThe View Serviced Residences(An image of The View Serviced Residences in BKK1. Photo courtesy of Agoda.com)Starting Rent: USD $1,000 per monthOfferings: 1 bedroom to 2 bedroomsThe View Serviced Residences is one of the premier serviced apartments in BKK1. Inspired by Japanese interior design, The View’s units offer a simplistic charm many tourists and expatriates would find attractive.The View is at the crossroads of Phnom Penh’s many attractions and modern conveniences. Its location in BKK1 surrounds it with the city’s best places to eat and the newest and biggest shopping centres around in the form of Chip Mong Noro Mall and AEON 1, respectively. Its proximity to popular tourist and expat spots makes it a good choice for foreign travelers wanting to get a peek of the many offerings within the Kingdom.(The View Serviced Residences was designed by Japanese architect Kato Yoshio. Realestate.com.kh)But what’s a serviced apartment without talking about services? Starting at $1,000 per month, residents get fully-furnished rooms, twice-a-week housekeeping, fitness centre, and access to an infinity pool, jacuzzi, and steam room in the common areas. A cafe and restaurant are also serving residents inside the apartment building.Whether you’re by yourself or with your family, just visiting or staying for some time, the View’s units may be what you’re looking for considering its ambiance and location.The View Serviced Residence Property ListingTK Royal One(An image of the exterior of TK Royal One in Toul Kork. Realestate.com.kh)Starting Rent: USD $900 per monthOfferings: 1 bedroom to 3 bedroomsTK Royal One Serviced Condominiums is a mixed-use development featuring offices and serviced residences. Its location in Toul Kork, right along the Russian Federation Boulevard, has made it a landmark of sorts in the area, making it hard for passers-by to miss.The Toul Kork district has developed over the past few years as an extension of the many conveniences available in the Phnom Penh city centre. TK Royal One is one of the district’s more iconic developments as its offerings of office spaces and residential units is a sort of testament to how much Toul Kork has improved in a short amount of time. As such, TK Royal One’s location along the Russian Federation Boulevard gives residents access to a lot of markets, shopping centers, restaurants, cafes, schools, sports facilities, and other entertainment centers now established in Toul Kork.(An image of TK Royal One's spacious living rooms and balcony. Realestate.com.kh)TK Royal One’s residential units come fully furnished and designed to accommodate renters living by themselves or expat families looking to live long-term in Phnom Penh. Each unit is spacious and comes with a private balcony providing an astounding view of the city’s rising skyline. Amenities in TK Royal One include internet Wi-Fi, a fitness centre, swimming pools, a parking area, and a rooftop garden.TK Royal One Property ListingAre serviced apartments worth it?The choice entirely depends on you as you are the best judge of your personal needs and budget. Most serviced apartments in Phnom Penh are proportionally more expensive than standalone apartments without 24/7 concierge services, regular housekeeping, fitness centre, and a swimming pool. If these services are important to you, then serviced apartments could be well worth the extra hundred or so dollars a month.On the other hand, if you’re the type of person who can live without these services, you can save a few hundred dollars which you can allot more to necessities like food or other luxuries like traveling across Cambodia and its neighbouring countries. You can check out several listings of apartments for rent in Phnom Penh here.Looking for other properties? Click hereArticle by:

Buying your first home is always an exciting endeavour, but don’t let the excitement get the best of you. Read our quick guide so you know what to consider when buying your first home!Always think of a house as a long-term investmentRegardless of whether you're renting, flipping, or living in it, buying a house is a substantial long-term investment. For the average person, a home typically represents about half of their net worth. Therefore, it is crucial to carefully assess the financial implications before making a purchase. This involves diligently considering the numbers to ensure that you can not only afford the required payments but also maintain your daily essentials, such as keeping the lights on.LocationThis advice holds the truth not only for businesses but also for prospective homeowners. While bedrooms, bathrooms, and parking spaces are important criteria for evaluating a home, the often overlooked aspect is the value brought by its location.The location of a potential home should be given significant consideration based on individual needs. For instance, a single person may not prioritise proximity to a nearby school, whereas a family would place it high on their list of requirements.No matter your specific needs, it is crucial to carefully consider the location of your home, taking into account both short-term and long-term considerations.Land Appreciates, Buildings DepreciateThis is another important principle to remember for future homeowners, especially those wondering whether they should buy an apartment or a house.When it comes to long-term investment, a small house on a plot of land often holds the advantage over an apartment. The flexibility of remodelling or rebuilding a house provides the opportunity for continuous improvement. Additionally, if you choose to relocate, you can rent or sell the house, benefiting from the rising land prices and securing a profitable return on your initial investment.On the other hand, apartments offer easier acquisition since the construction and development are already handled by the developer. Higher-end apartments may also come with appealing amenities like pools, gyms, and spas, which could increase the overall value and desirability.Ultimately, the decision between a house and an apartment depends on your personal preferences and financial goals. It's crucial to keep in mind that buildings can be replaced, but the underlying land will always remain valuable.How Much Should I Spend On A Home in Cambodia?When it comes to property investment in Cambodia, the amount you should spend ultimately depends on your personal needs and financial capacity. For most buyers, banks or lending institutions typically require a downpayment of approximately 30% of the property's value unless you are a cash buyer.Some property developers even offer loans to buyers, providing an alternative financing option. However, it's essential to be aware that interest rates for housing loans in the country can reach as high as 12% per annum.Aside from loan interest, there are other upfront costs to consider. Legal and transfer fees are significant factors that demand attention. For example, acquiring a land title within the municipality of Phnom Penh requires a transfer tax of 4% for both Soft and Hard titles. It's important to note that this 4% transfer tax is based on separate criteria held by the relevant land office and is not solely determined by the property's sale value. The actual cost may vary depending on the criteria set by the land office.If you happen to be a foreign national, it's essential to know that you cannot directly purchase landed property in Cambodia. However, there are mechanisms and guidelines for foreign ownership outlined in our Cambodia Investor Guide.In conclusion, before investing your hard-earned money in Cambodian property, take the time to thoroughly assess all costs involved. Crunching the numbers and understanding the financial implications will help ensure a well-informed and successful investment venture.What if I Want to Keep Renting?For many prospective homeowners, renting proves to be a valid and attractive choice. It offers several advantages, including lower upfront costs, the landlord assuming maintenance responsibilities, and the flexibility to relocate easily in response to job changes or significant life events like marriage or having children.However, it's important to note that purchasing a house doesn't necessarily tie you down. If you decide to move later on, you have the option to retain the property as an investment and rent it out while you live elsewhere. This way, you can enjoy the benefits of both homeownership and the potential returns from a rental property.Real estate is a remarkably secure long-term investment, with its value consistently on the rise. As the saying goes, "They aren't making any more land," emphasizing its potential for appreciation. If you have the financial means, purchasing real estate is typically the smarter decision. Another option is to acquire property and rent it out, treating it as an investment while you choose to reside elsewhere.Few More Tips!When it comes to loans, remember that negotiation is always on the table. If you believe there are concessions the bank can make, don't be afraid to voice your requests. You can try asking for a more favourable interest rate or even request the waiving of early termination fees. Keep in mind that loans are a significant source of revenue for banks, so they are often willing to make their offers more appealing.Why is this the case? Cambodia boasts more than a dozen major banks, and they certainly don't want to lose your business. So, don't hesitate to explore better terms and make the most of your loan agreements.You can further leverage your position if you’re a long-time depositor in the bank. Having a good long-standing relationship with your bank lets them know you’re gonna be a good investment - and you should use that to get a better deal.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:

A lot of foreign businesses are taking an interest in the Kingdom of Cambodia due to its attractive investment environment. As such, local entrepreneurs have thrown in their lot to set up real estate companies to meet the demands of both fellow Cambodians and foreigners. But setting up a real estate company is easier said than done.In this Realestate.com.kh guide, we will give you the guidelines for starting a real estate company with the necessary paperwork and licenses pertinent to Cambodia’s laws and regulations.DISCLAIMER: Realestate.com.kh strongly recommends consulting a lawyer for their professional guidance. This guide is only meant to give prospecting business owners an overview of starting a real estate company in the KingdomKey considerations in starting a real estate agencyInvestors looking to start a real estate agency in Cambodia will need to consider things such as company registration, tax obligations, real estate licenses, office setups, recruitment, and business plans.If you’re interested in starting a different kind of business, you can check Realestate.com.kh’s general guide to starting a business in Cambodia.For the purposes of this guide, we will specifically talk about how to start a real estate agency in Cambodia.Registration with the Ministry of CommerceBusiness registration is required at the Ministry of Commerce of the Kingdom of Cambodia. Registered businesses within the Kingdom are given a certificate of registration.The company must meet these following requirements from the Ministry of Commerce:Shall define a company name to be approved by the Ministry of CommerceShall come up with the company’s terms and conditions, documents to prove where the company is located, identity card of the company owner, certificate of bank deposit (at least $1,000), company stamp, appointment letter, and business registration application.The registration period at the Ministry of Commerce takes about two weeks and costs around $370. There are services rendered free of charge.Paying taxes at the General Department of TaxationAfter registering with the Ministry of Commerce, the applicant must submit the certificate of registration, along with other relevant documents, to the general Department of Taxation to pay their registration tax and annual patent tax for the initial registration.Patent Tax is derived from the taxpayer classification of the business owner under the Self-Assessment Regime of Taxation and is payable between January 1 to March 31 of each year. We advise consulting a lawyer on how you can properly asses your taxation regime to start a business in Cambodia.New taxpayers, whose business began within the first six months of the year will pay their annual tax in full. Those who begin their business within the last six months of the year will only have to pay half of their annual tax.Business owners who own several assets (such as warehouses, offices, etc) under one business in the same province only have to pay their patent tax within that province. Businesses who own assets across provinces will, however, have to meet their patent tax obligations in each province.Business owners are required to display the patent at their place of business. These patents take about 1 to 2 weeks to obtain and will cost 1,200,000 riels (US$290).Obtaining a license from the Ministry of Economy and FinanceThe last general step is to obtain a license from the Ministry of Economy and Finance. In order to apply for a license, the applicant must prepare the following documents:Completed application license formPhoto of the license owner and certificate of professional real estate serviceBackground of shareholder or company ownerLetter from the Ministry of Justice of CambodiaPhotocopy of a national identity card and residence bookDocuments issued by the Ministry of Commerce and Taxation, the company’s certificate of registration, and a copy of a letter of business registration and patent.Letter of business location issued by the local authority, together with photos of the business location.A 3-year business plan.Applying for a license at the Ministry of Economy and Finance takes about one month from the date of filing the sufficient paperwork without error.The required fees for a real estate agent license are as follows:Real estate agent license is 500,000 riels (US$ 120) plus an administration fee of 100,000 riels (US$ 25)Certificate of professional real estate service is 200,000 riels (US$ 50) plus an administration fee of 40,000 riels (US$ 10), totaling 840,000 riels (US$ 210).Once you have been issued a license and professional certificate from the Ministry of Economy and Finance, you can legally operate your business in Cambodia.You can register to be a member of the Cambodian Valuers and Estate Agents Association. Currently, CVEA has over 100 member companies, working as a network to promote real estate in Cambodia.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: