In Cambodia there are approximately 150 real estate agencies that are completely registered, with their agents working throughout the country concentrating solely on rentals, sale, and purchase of ‘general property’ such as condominiums, villas,apartments, borey, and plot land.The property market continues to boom in the Kingdom, however with new agencies and agents becoming established frequently, it’s only a matter of time before the market is completely saturated with real estate agents -working on the sales of same properties and developments. Because of this,a few agents have set their sights elsewhere and decided to work on renting and selling businesses  - a niche in Cambodia’s real estate market.South East Asia Property Services (SEAPS) is among the few agencies currently working on business property. The company works on renting and selling all types of businesses and related properties such as bars, restaurants, boutique hotels, and large hotels in Sihanoukville and Phnom Penh.Mr. Cris Knowles, Manager of SEAPS commented on their reasons for this, stating, “Cambodia is definitely an untapped market in the realm of business property, with great opportunity for motivated and knowledgeable buyers to turn around a fledgling business and create a strong presence in the area.”Mr. Cris further noted that enquiry and demand has jumped considerably over the past two years. They have found that is a wide range of buyers - both foreigners and Cambodian nationals. Taking Sihanoukville and the surrounding of Koh Rong and Koh Rong Solem as an example, there is a much larger demand from western buyers- and a gap in the market between the number of expat buyers who are looking to buy businesses, and the agencies qualified to handle their enquiries.Further commenting on expanding SEAP’s services, Mr Cris believes that dealing with businesses, requires greater confidence, specific knowledge and necessary understanding of a business to sell it, “After 17 years in the industry, I understand what my clients want and really take the time to listen to their needs and answer all questions they may have. I need to make the buyers feel confident in the new business purchase, and walk them through all the necessary steps involved”.Regarding the price of purchasing business and it’s assets, Mr Cris said it depends on the scale of the business, but mainly it is based on the businesses current profitability and opportunity for growth. Prices also heavily vary due to business type, with a typical bar starting at around $5,000 USD up to hotels that can be priced at the $300,000USD mark and upwards.Yi Fung Real estate is another agency also working on business property - but in a more concentrated way. Mr. Stephen Suen, Managing Director of Yi Fung Real Estate states “We focus mainly on boutique hotels and hotels that mainly located in Phnom Penh. But we have also extended to smaller businesses in Sihanoukville and Kampot where we can now see more demand.”Mr Stephen has found the demand for hotel and accommodation businesses to be mainly from Asian countries such as Malaysia, Taiwan and China. He goes on to state that “Investors see plenty of opportunities currently in Phnom Penh as the market is growing rapidly especially tourism industry”. Stephen believes the demand of acquiring hotel businesses has brought different investor groups ranging from private to cooperate- or even chain franchises, with a vast range of budgets.Related to challenges of selling businesses, Mr. Stephen stated that real estate agents faced difficulties in ’connecting the dots’. ‘“That’s why many other agencies don’t like this business area. It requires more preparation, cooperation and patience; as the bigger the deal the harder to settle”’Sharing Stephen’s view, Mr. Sorn Seap, CEO of Key Real Estate, said: “There are difficulties in dealing with both buyers and sellers that arise close to the sale. This is because buyers need to take time to make sure that they will buy the right business.”Mr Sorn believes buying a business property is different from buying a house. “This is due to the fact that for buying homes investment return arises in the coming years, but buying business is to get cash flow income monthly, immediately after purchase. Therefore, some agents feel more comfortable working on general business property, ”All agencies spoken to who engage in the sale of business property agree that it is a longer process compared to ‘’typical general, more residential ’sales, but results in satisfactory compensation- and is a very rewarding process. The market for these types of sales may still be considered small at the moment in Phnom Penh, but the demand is constantly growing, and is a great opportunity for agents and agencies to expand their services and skill set alongside general property sales.Want to invest in business properties with Realestate.com.kh! Want to Search forproperties for sale in Cambodia and current properties for rent in Cambodia!

The Tax Forum is EuroCham’s most popular event – with 400 attendees last year. Organized with the view of sharing professional insights and practical guidance about the Cambodian tax landscape, the Tax Forum will gather experts from the most regarded firms in town along with high level officials from the General Department of Taxation to discuss a wide range of topics impacting all compliant businesses in the Kingdom.Why Attend EuroCham’s 2017 Tax ForumWith opening remarks by H.E. Kong Vibol, Director General for Taxation, and Q&A in every session, the Tax Forum is a valuable opportunity to gain the latest information on Cambodia’s evolving tax landscape. The presentations, panel discussions and Q&A sessions will provide you with a unique opportunity to gain specific information from the leading tax professionals in the Kingdom. This year’s full-day event will particularly touch upon the below topics:-Details of recent tax changes-VAT and Withholding tax-Small tax payer issues-Tax incentives-Transfer pricing-Tax audit procedures-Q&A in every sessionTo share more about what is to be expected during the Forum, EuroCham Tax Committee Chairwoman Chhiv Kimsroy and Advocacy Manager Blaise Kilian met earlier this week with Cambodia Business Week’s host Anthony Galliano.How Can I RegisterTo make sure you don't miss the chance to gain knowledge from the experts on how to better manage tax changes in Cambodia, invest one day of your time on October 12th at Intercontinental Hotel by registering here.Find the best real estate news on Realestate.com.kh

Buying an off-plan project can be a scary concept for prospective home buyers, but it can be advantageous in terms of value for money, premium locations of property - and lucrative promotions. In “Why buy property off-plan in Cambodia? Part 1”, we explained the basic knowledge of the off-plan property. In this article, we will explore the process and associated benefits in more depth, to ensure any impending purchaser feels fully informed about buying off-plan. Here are some more factors to consider before making a decision to purchase any off-plan unitHow can I determine the value of my off-plan investment?If you are considering an off-plan purchase as an investment opportunity to generate rental income or resell, it is important to keep in mind that buying off-plan can involve a substantial waiting process. If you cannot afford to wait a minimum of at least two years before seeing any kind of income or capital appreciation, an off-plan purchase may not be the best type of investment for you.In real estate, looking at comparable properties (“comps”) is the best way to determine the value of your investment. However, when you buy off-the-plan, this is not an option, as any comps would purely be speculative. This can lead to inflated estimates of what people think the value of their off-plan property will be, especially in areas with a reputation as a “hot spot’’. In order for you to be as realistic as possible- check out the surrounding area with a very critical eye. Find out as much as you can about the area and about other properties for sale. This is the only way to get an honest estimation of what you can expect from your purchase.How long before the project will be completed?When you buy a villa, payments may be spread out up to the point of the completion date which may take up to 18 months. A condominium may take as long as 24 months, and some projects don’t even mention the specific completion date and can take up to 3-4 years. Keep in mind that some construction plans may fall behind schedule, so be prepared to wait.How to protect yourself if construction plans fall behind schedule?It’s critical when you purchase off-plan that you ask the developers for the expected date of completion, and your move-in date, and that this must be included in the contract. Your contract should also contain details about your rights if that completion date is missed. In some circumstances, laws are in place that automatically require the developer to pay penalties, even if the contract does not provide for it. However, don’t bank on that always being the case. To fully protect yourself make a clear agreement between you and the developer before signing the contract about what happens if the completion falls behind schedule.Click here for Why buy property off-plan in Cambodia? Part 3  we explore why you should consult a lawyer when purchasing off-plan, and for a summary of this approach to entering the property market. Please read more articles Is now the time to Buy or Rent a property? Experts share their viewSearch properties for sale in Cambodia and current properties for rent in Cambodia!

Running along key Cambodian highway National Road No. 4, StarLand project, developed by STAR5 Developers Pvt, Ltd. is located close to Phsar Prey Pdao, and about 5 kilometers away from Phsar Thnal Tutueng,  This project is a plot land developing project, and is the first big investment in an area that has recently been identified as a ‘high potential area- expected to see substantial growth, both now, and in the future,With this new development, there are two different different types of subdivisions available, within the project. The first option for a plot of land is 4.5m x 19m section with an attractive price tag of $6,413 USD  The second option is 5m x 20m at a price of only $8,100 USD.Not only have the developers priced their sections extremely competitively, but they also offer a flexible payment scheme; whereby hat buyers need only pay $233 USD per month(first option subdivision) and $295 USD per month(second option subdivision),without any interest attached.You will be guaranteed a hard title as an ownership right, which will enable you to use this plot of land as collateral for any prospective loan you may need. StarLand also offers a prime opportunity for capital appreciation on investment, as it is surrounded by major infrastructure including a 20 meter access road, electricity, running water, and world class sewage systems.There are further proposed amenities in the area which include international schools, clinics & economic zoned warehousing. As it stands there are already three factories that consist of over one thousand workers working each day. Moreover, there will be a Chinese market, located right next door to the project.These additional features, and StarLand’s underlying affordability make the STAR5 developers proud to introduce their investment, which they will be doing as an exhibitor in Cambodia’s Real Estate Show 2, held on 6 & 7 October, 2017. The developers will also be armed with a range of promotions and price discounts for StarLand.Therefore, for those who are interested to take advantage of the special show only offers, or if you simply want to know more detail about the project itself, sales representatives from Star Land will be located at Booth number 26 and 27 at the event to answer any inquiries.Beside this, you will also have chance to learn from several panel presentations and discussions in Khmer, Chinese, and English. Speakers and presenters will include local and international experts, speaking about relevant topics and trends, and the real estate climate in general. These seminars are expected to help investors choose the right opportunities and know the reality of real estate in the country.Find the plot land on Realestate.com.khConsidering buying property and want to join the show for free – sign up here.

As part of another lavish marketing splurge, global real estate firm Knight Frank has recently hired England’s football legend David Beckham, to help promote their country properties. This partnership has also created a platform for Beckham to pitch his new fashion range.Knight Frank has also partnered with a number of high profile ‘lifestyle curators’ including Soho House star-chitect Martin Brudnizki, the Creative Director of Gucci, and movie star Patrick DempseyIn 2007, Beckham purchased a 13,000 sq feet, 9-bedroom Italianate villa in Los Angeles for £14.2 million, opting for close personal friend Kelly Hoppen to style the interiors. The property was put up for sale late last year for  £24 million, which would provide a £9.3million gross profit.It is in this regard that many people believe that the Becks-Knight Frank partnership is a decent attempt to persuade wealthy readers to ‘Buy It Like Beckham’, following his lead into the rural market.Find the real estate for sale or rent on Knight Frank Cambodia!Find the leading real estate news on Realestate.com.kh

Choosing the perfect property to invest in is no simple feat. With Phnom Penh continuously developing- particularly in the condominium market, prospective investors are swamped by choice. This poses the question of; what factors should you take into consideration when looking for an investment property?Although every individual has their own specific requirements, when looking for a developer to align with, one factor trumps all; experience. A developer with experience in the industry and knowledge of the relevant area, will have acquired all of the necessary tools to make future developments successful, and profitable for investors. This perfectly describes Parkway Investment Co., Ltd, who have major local developments under their belt such Big A Mall and Parkway Square which have become Phnom Penh landmarks. The Parkway project, is their newest condo development, and to reach a whole new level of industry excellence, they have established a partnership with Chinese-owned Nantong City Daxin Engineering (Cambodia) Co., Ltd.The Parkway project will have a total of three buildings and is located right in the heart of Street 273, Toul Kork, which epitomizes an area in high demand. The buildings Block A 36 floors,Block B 26 Floors, Block C 30 Floor respectively and in total, there will be around 1000 units available.Everything about this condo development speaks ‘’21st century’’, from an infinity pool to a ground floor mall with shopping, dining establishments and entertainment all at your disposal. However, one of the major focal points of the collaborative developers is achieving their goal of diversification. What that means is that both developer parties see The Parkway project as a long term investment. This is why details such as the structural layout and architecture, all the way to the location chosen for the project, consider the needs of the future generations.They believe that the near future will see an influx of Phnom Penh residents choosing to live much more centrally, due to the convenience this provides and the income status of residents changing and improving. They have integrated a community feel’’ through the designing of relaxing common areas on each of the floors, to encourage social interaction. A well thought out, exciting project in the hustle and bustle of the city we all love, and an exciting investment opportunity.The Parkway projects developers and team are excited to be a part of the Real Estate Show 2 on October 6-7th to share their expertise and help you with an investment that looks to take you into the future.

What would you define as ‘living the dream’? For many, that vision is that of a lavish home; for others, it may be the relaxation of a seemingly never ending holiday, or even the opportunity to pursue your passion on a daily basis.What if it were possible, if all of these conceptions of life, could be combined, to enable that ‘dream’, to be turned into a literal, and accessible reality?That is exactly what Aristo Developments have aimed to do through the establishment of the Venus Rock Golf Resort villas and Cyprus citizenship incentive.  The vision was that of combining, luxury, relaxation and an immense passion for the golfing sport to become a game-changing development - and  enable investors from abroad to be granted citizenship in Cyprus.Citizenship in Cyprus comes with a whole host of unique and exciting benefits, and is essentially securing the future of you, and your family. An investment in Venus Golf Resort, is one  that will grant citizenship for you and family, within six months which enables travel throughout the European Union, and best of all, this will be valid for life.From conception, the developers have aimed to redefine what is considered ‘World Class’ which Venus Gold Resort itself  , begins to be resonated in the Villa’s themselves. With two plot size options; the Royal Residences, and Premier Residences, both are completely adorned with a swimming pool, private parking and state of the art construction and fixtures. Each villa is detached and boasts uninterrupted sea views.However, what really sets these villas apart is the emphasis on privacy. The outdoor space is unparalleled, as the footprint of the property itself only accounts for 20 percent of the land plot- meaning the rest of the resident’s land comprises of large green terraces, the swimming pool and landscaped gardens to truly encompass the Mediterranean lifestyle.Though privacy is a priority, the developers have envisioned the need for community, and leisure, which comes from the villa’s surrounding the notorious Secret Valley Golf Club. This world class institut boasts a fully functional 18- hole signature championship golf course, 300 meter driving range and full time golf teaching professionals for residents to fully utilize. It truly is, pleasure and leisure on your doorstep.Centrally located between Pafos and Limassol, and a ten min drive from the Pafos International Airport, accessibility is no issue. With iconic Cyprus archeological sites such as the birth place of Aphrodite within a short driving distance, a final cultural element is added into the ‘vacation’- that will be your new home.Come and talk to the friendly team from Aristo Developments  Booth 30 at the Real Estate Show 2 to learn more about their vision, which is set to become one of Europe’s largest luxury beachfront development in the beautiful Cyprus.Considering buying property and want to join the show for free – sign up here.

The name says it all. Modern luxury is personified in this latest project developed by Pacific Star Development Limited, an ASEAN-focused developer listed on the Singapore Stock Exchange with an established portfolio of successful award-winning residential and mixed-use projects.The Posh Twelve is a mixed-use premium development comprising two towers of 39 and 45 storey condominiums featuring 1,373 resort-style premium residential units, complete with world class amenities and services, and complimented with a lifestyle retail podium on the ground level. In addition to providing daily convenience to residents, the lifestyle retail offerings at the base towers creates a real sense of community between the two towers and injects vibrancy to the neighbourhood. The Posh Twelve is located along Tiwanon Road in Nonthaburi, an up and-coming 'city' within Bangkok’s city fringe, as Bangkok places greater emphasis on promoting growth centres outside the traditional City Centre. Commuting from "The Posh Twelve" has never been easier with the new purple MRT line right at the development’s door step, just a short 120 metre stroll away.The development is expected to be completed by 2020, and currently offers a guaranteed rental return of 7% over the first three years in an exclusive road show promotion for a limited time only. Have a chat with the team at Century 21 Global Alliance to find out more.Find the new developments on Realestate.com.kh

The positive relationship between China and Cambodia continues to strengthen, which is resulting in increased opportunities for Chinese investment into the Kingdom’s real estate market. Cambodia’s potential for development has been recognized, due to its under-urbanization compared to other counterparts in the ASEAN region. As a result of these factors, China invests a large amount of capital in this sector every year, particularly in Sihanoukville, where Chinese investors are seeking market dominance.Mr. Norn Thim, Sale and Leasing Manager of Sihanoukville Property, elaborated on the reasons for this dominance by stating that “currently, Chinese investors are dominating the real estate market in Sihanoukville with the goal of turning the province into ‘China Town’ in the future”.Sihanoukville has previously been known as a hub for European investors- which accounted for 75 percent of the province’s total investment. However, with the recent influx of Chinese investment, this is rapidly changing with the Chinese now holding 65 percent of the total. Casino’s, condominiums and hotel complexes are the major focus of Chinese investors.As a result of improved infrastructure and the growing economic and tourism potential of Sihanoukville, major Chinese projects such as Blue Bay and The Seagate Suite have chosen this beautiful, coastal province to host their developments.Based in the prime location of Victory Beach, and covering the land area of 4,126 square meters,  The Seagate Suite is the first of its kind, as the tallest mixed use development project in Sihanoukville. Launched in June 2017, The Seagate Suite’s 45 storeys’ are planned to be completed by December 2020.Mr. Eam Eab, the Project Manager of The Seagate Suite, describes Sihanoukville as the “precious pearl of Cambodia, that most investors want to be a part of”. Mr. Eam believes this province is not just a prime destination for tourism, but also provides lucrative opportunities for businesses to be based.Mr Eam adds that  “After Phnom Penh, we envision that Sihanoukville will be the second biggest city in terms of having strong tourism, commercial and infrastructure sectors”’ He believes that because of the prospective development there will be a high demand for residential units in the province, as staying long term in a hotel is financially unsustainable compared to the price of renting a room in a condo.Meanwhile, another key project in the province, Blue Bay, is being developed by Chinese developer Shu Jian Tian Yu Development Co., Ltd. With a 200 million USD investment from the developer in 2016, the luxury condominium project is expected to be completed for its buyers and residents by December 2019.Ms.Chen Li, Sales Manager of Blue Bay also agrees that Sihanoukville is a prime investment location, but attributes a lot of this to Cambodia’s development as a whole. Ms Chen believes that “Cambodia’s political stability, average current annual GDP growth of 7 percent, and the development of  “‘One Belt, One Road’’ encouraged Blue Bay to invest in Sihanoukville” Her vision is that Sihanoukville will become at the international forefront as a tourist city, in the very near future.However, one effect of the influx of Chinese investment in Sihanoukville’s real estate sector is that land price in the province is soaring. The price of land near coastal areas such as Otres Beach has soared up to $1,100 USD per square meter, from being initially priced around the  $700 USD mark. Rental properties have also seen an overwhelming price increase with apartment prices double what they were a few years ago. As a result, many local and European investors have considered moving to areas in Cambodia which have more affordable land prices, such as Kampot.Mr. Norn Thim, Sale and Leasing Manager of Sihanoukville Property has expressed some concerns about the influx of Chinese investment in Sihanoukville.  Mr. Norn is worried that in the future there may only be Chinese investors controlling the whole real estate sector in Sihanoukville, which would monopolize the market. The result of this would be that land and rental prices will continue to climb, which may deter local Cambodians from visiting Sihanoukville during special occasions, such as; Khmer New Year, Water Festival and Pchum Ben.Mr. Norn is also worried about local small businesses such as Tuk Tuk drivers or restaurant owners suffering as the Chinese will no longer use these existing local services once they have their own. This is a major contrast to the European’s that happily use the services provided by Cambodians.Search properties for sale in Sihanoukville and current properties for rent in Sihanoukville!See Realestate.com.kh's The Ultimate Guide To Sihanoukville for a complete overview of Sihanoukville.

The Realestate.com.kh Mobile App is available on the following app stores:Search 25,000 properties for sale and rent. Do it all for free with Cambodia’s best real estate app!Whether you’re looking for a property or selling one, or you‘re a property developer or an agent, you can use our industry-leading real estate platform easily and effectively on your mobile phone!Our mobile app was recently updated with 2 important features to make your property hunting/selling a lot easier!Direct Chat - this new feature lets users correspond directly with the agent or owner of your selected property and vice-versa - much like WeChat, Messenger or WhatsApp.Home Finder - property hunters can simply tell our mobile app what their requirements (property type, area, number of bedrooms, etc.) are and our app will notify agents who have properties matching their requirements - prompting them to message buyers directly.Here are the latest key features of the Realestate.com.kh Mobile App:For Property Buyers/Renters:The best property search engine in CambodiaLooking for a 2-bedroom apartment in the heart of Phnom Penh? Or do you prefer a simpler Khmer-style house? Our search engine lets you filter search results easily with prices, bedrooms, baths, area, and even completion dates for the latest developments!Chat directly with the agent or owner of the property you likeOur live-chat feature lets you correspond directly with the agent of your selected property. It works a lot like WeChat, Messenger or WhatsApp - simple and convenient!Talk to any agent with real-time translationWorried the agent might not speak your language? Our live-chat feature can translate your messages for you. Translations into Khmer, English, and Chinese are supported in our app; feel free to message the agent of whatever property you want!SMS, Email, or Call your agent in one-clickOur app features the complete contact details of the best agents working with us. So, if you really want that house, condo or plot of land, you can reach out to them in more ways than one!View nearby schools, hospitals, and mallsWe believe a property’s added value lies in its most accessible comforts! Our app can help you better decide which property to get by letting you see what schools, hospitals, restaurants, and malls are nearby!Bookmark your prospects with easeBuying/renting a property takes a lot of decision-making. That’s why our app lets you bookmark properties you like so you can review them whenever you please!Tell Agents and Property Sellers what you’re looking forOur Home Finder feature provides a smart way to let agents and property sellers what you’re looking for! You simply tell us your requirements (property type, area, number of bedrooms, etc.) via the Home Finder tool and our app instantly notifies agents and property developers, who can then quickly respond to your needs. No more long waits to find your new home!For Agents/Property Developers:Create your property listings for FREESell, rent, and manage your properties for free on our app. Tens of thousands of users access Realestate.com.kh every day. Maximize your reach by listing your property with us - absolutely free!Chat directly with buyers and clientsOur live-chat feature lets you correspond directly with prospective buyers. It works a lot like WeChat, Messenger or WhatsApp - simple and convenient to use so you can close that deal faster!Reach a larger audience with real-time translationOur live-chat includes a real-time translation feature, which translates any language into Chinese, English, or Khmer. No more language barriers. Now you can talk to any buyer, whatever language they speak!Never miss out on a saleThe Realestate.com.kh app instantly alerts you when you receive an inquiry or a chat request for any of your listings. It also alerts you of opportunities in real-time so you never miss out on a sale. Just make sure you’re logged in on the app and your notifications are on!Stay on top of the search resultsDon’t let potential buyers/clients miss out on your offerings. Through our app’s Refresh feature, you can get on top of the search results page, giving your listings maximum visibility!Beat the competition for the next big saleNo longer will you have to wait for buyers! The app notifies you whenever a buyer posts their requirements through the Home Finder feature. If the requirements match anything on your portfolio of properties, you can easily grab the opportunity. But you have to be quick, as only the first 3 agents to take the opportunity can contact the buyer!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 on both iOS and Android.Article by:

Buying property off-plan has become an increasingly popular option in Cambodia’s fast-evolving real estate market. While the idea of committing to a home or condo that hasn’t been built yet can seem risky especially to local residents, it also opens the door to opportunities that are harder to find in completed developments, for instance, better prices, more flexible payment terms, and better customisation.As Cambodia continues to see strong urban and coastal development in 2025, especially in Phnom Penh and Sihanoukville, understanding how off-plan purchases work is important for anyone considering entering the market. In this article, Realestate.com.kh will explore the current process, key considerations, and potential benefits of buying property off-plan in Cambodia.What does it mean to buy "off-plan"?Buying off-plan means purchasing a property before construction is completed, or even started. In many cases, buyers sign a contract based on architectural plans, with the promise that the home, condo, or unit will be completed within a set timeframe. Payment terms are usually flexible or made in installments based on construction progress.This approach is especially common in Cambodia’s gated community projects like Borey and new condo developments, where early buyers are often rewarded with price discounts and preferred unit selection.Why buy Off-Plan in 2025? Off-plan properties in Cambodia continue to offer several key advantages:Discounted Prices: developers often incentivise early buyers with lower prices compared to completed properties.Better Unit Selection: buyers can choose the most desirable units, such as corner units, top floors, or homes with the best views.Customisation Options: some developers allow buyers to make design adjustments, like changing floor plans, combining units, or choosing specific finishes and fixtures.High Capital Growth Potential: buying early can lead to a good capital gains. In Phnom Penh, buyers who purchase during pre-launch can sometimes see appreciation of up to 30%, compared to the typical 5–10% once a project is underway.Flexible Payment Terms: payment terms can be flexible depending on the development timeline, which can ease the financial burden on buyers.Additional reading: Common Payment Methods for Buying Properties in CambodiaUnderstanding Off-Plan buying processThe off-plan process usually begins during the pre-launch phase. At this point, the developer may still be finalising permits, designs, and other assessments. However, to fund early stages of construction, units are often sold at attractive prices.After the buyers choose a unit, the following steps are usually: Sign a sales agreement: this includes the purchase price, unit details, and payment terms.Pay a deposit: the deposit may range from 10% to 30%, although some Borey projects may require less. Follow the flexible payment term: buyers usually pay in phases, aligned with construction progress.Final settlement & handover: once the property is completed, the remaining balance is paid, and the buyer receives ownership and keys.Further reading: Understanding the Sales and Purchase Agreement (SPA) in the Cambodia Real Estate MarketHow to evaluate an Off-Plan investment?While off-plan properties offer alot of advantages, investors and buyers should be more careful and consider some potential risks that might occur. Here’s what to consider:Can You Wait?Off-plan properties typically take 18 to 36 months to complete. Delays are common, so buyers should be financially prepared for a longer waiting period especially if they’re depending on rental income or resale returns.Is the Location Promising?Since there are no finished units to inspect, buyers must research the neighbourhood thoroughly. Look at infrastructure development, nearby projects, schools, roads, and lifestyle amenities. See whether the neighborhood is good for your kind of investment or not. To understand more about the potential that each neighborhood currently has, check out the latest Cambodia Condominium Report from realestate.com.kh and stay updated! Download now: https://realestatekh.lpages.co/reakh-cambodia-condo-report-download/What If There Are Delays?To reduce risk, it's essential to have a well-defined contract that includes:A clear completion date and handover timelinePenalties for missed deadlinesRefund or exit clauses, if applicableDeveloper obligations under Cambodian law (some protections exist but enforcement may vary)Buyers should seek legal advice and clarify all terms before signing any agreement. In 2025, more developers are including transparent delay policies due to increased buyer awareness!Final ThoughtsOff-plan property buying in Cambodia remains a powerful tool for both home buyers and investors, if done with the right precautions. The chance to lock in attractive prices, customize your property, and  secure a property in prime locations has made this method popular, particularly in Phnom Penh and coastal hotspots like Sihanoukville as well.Thinking of Buying Off-Plan in Cambodia? Contact Realestate.com.kh, Cambodia’s leading property platform now, to explore upcoming projects, compare prices, and connect directly with verified developers and agents!-📞 +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

Vann Molyvann, considered the founder of the modern Khmer architecture, passed away on 28 September, 2017, at the age of 91, in his own home alongside Siem Reap river, in Siem Reap province.Molyvann was a very famous Khmer architectect from the 1950s until the 1970s whose work was considered at the forefront of the very unique style of architecture that emerged during this time. He completed nearly 100 projects both nationally and abroad including projects in Japan, France and many other key countries. The impact of his architecture is still felt around numerous corners of the Kingdom - with many still applauding his impact and contributions to what Cambodian architecture is today.Some of Molyvann’s most significant projects are; the Independence Monument, the National Olympic Stadium, Chroy Changva Bridge, the Royal University of Phnom Penh, the Chaktomuk Conference Hall, Preah Suramarit National Theater, and the State Palace in Chamkarmon – now the place of the Senate. All of these projects are now considered critical landmarks amongst Khmer locals and the many expats and which reside in Cambodia.Read more about Preserving Heritage in Times of DevelopmentThere are also several of his projects which are less known by the general public; such as the stupas within the Royal Palace, the Kantha Bopha Hospital, Sihanoukville Master Plan, the first Siem Reap airport and the pavilions and temples for the 2,500th anniversary of the Buddha. Although these projects are less known, they are still true to Molyvann’s truly unique style and standard of perfection he strived for in all of his projects.Mr Mollyvan had often talked about his projects with pride - even the ones that are not still in existence. He stated “I have built many architectural projects, - although not all are still in existence: The ones I love the most are the National Olympic Stadium and Preah Suramarit National Theater on Bassac in Phnom Penh. There are many other projects I was very fond of, but unfortunately some of them have been replaced​ by new buildings, or were destroyed.”His passing has become a shock for the Khmer people, for many are familiar and admire his  great architectural work. Architectural students have found this loss particularly challenging as they truly understand the level of skill and patience necessary to complete the projects that he did- all drawn by hand without the aid of modern technology.  Mr. Kea Sovanna, a Khmer, fourth year student in architecture, said, “I am so sad to hear the news of his passing [Vann Molyvann]. He did the best and most unforgettable architectural projects.” Mr Kea added that he will continue to integrate elements of Mollyvan’s work into his own style of architecture as he pursues his studies and his career in this field.  There are also a great deal of  people have been working on collecting all this work to show the next generation. Mr Srin Sokmean, the photo expert and owner of  “Amazing Cambodia”, is working on addressing the recurrent issue of demolition of old architecture in Cambodia. “It is a great pain to witness those architectural heritages disappear one by one. I always question myself why they are destroyed and not suitably renovated.” said Mr Sokmean.As a result of his passion in this area, he has produced a vintage photo collection book named “Cambodia: Half Century Then & Now” which aims to enable people to visualize the beauty of Cambodia in the past and how the current landscape has been modified. This publication heavily features Mollyvann’s work.To further the preservation of Molyvann’s work, Mrs Teav Bandol from Image Printing is planning to re-publish multiple books detailing Vann Molyvann’s works in order to ensure his contributions reach the next generation.Bandol mentioned that the publication of these books is not just for the purpose of preserving Van Molyvann’s buildings – but it’s also “a demonstration of intelligence, knowledge and innovation in the architecture industry - which is a good example for the new generation to follow.” He is hopeful that Cambodia will take the time to discover talents and develop the  resources to build another inspiring era of architectural masterminds and landmarks.So while Molyvann passes today, Cambodia will remember his legacy - and his work will be preserved in a new generation of architects and enthusiasts.Find out the best real estate news on Realestate.com.kh

True luxury, is it only just a dream? When an individual thinks about the idea of a lifestyle of luxury, their mind will often wander towards a modern home with state of the art facilities, a place where a family can feel relaxed and safe, and above all, having everything that you or your family could possibly need, at the easiest convenience. Sky Land Condos , the newest development by STAR5 Developers, has brought the notion of luxury to life, but with one added and critical difference; the developers truly appreciate how important a peaceful environment is, when looking for a home either to live in, or as a prospective investor.That is why, unlike many other condominium developments that are on the market, Sky Land Condos is based far enough out of the hustle and bustle of Phnom Penh, yet still in close enough proximity to have every necessity at residents disposal. Leading centers of academic excellence, globally reputable institutions, and prime entertainment zones are in reach- with the development based just 12km from the CBD of Phnom Penh. This is perfect for prospective families looking to settle for the long term. However, this does not even scratch the surface of the facilities that are on site. The development itself will have a personalized park, gym, shopping options, bar facilities as well as a major focus on the outdoors, so that residents can exercise and enjoy the fresh air on their own terms.With developments with this level of appeal, the main question comes down to price- which is something that Star Five Developers have taken into account, to make their peaceful version of luxury attainable for all. The developers are offering incredibly flexible payment options, with no interest for up to three years. Based on the prospective success of this development, they are offering a ‘super return’, which means for any investor, there is an expected return on investment of 35-50% growth after two years of completion.  You will have a selection of 224 studios, one & two bedroom condo’s spread out across eight floors. An unmissable opportunity.Feel free to come and see the friendly team at Star 5 Developers at the Real Estate Show 2 on October 6-7th to discuss your future home and learn about the show exclusive promotions the developer will be running through the day including up to 20% off the purchase price.In addition the developer is offering a Cambodia first! Anyone that buys and pay a 2 bedroom unit during the show will receive a studio condo at no extra cost! Which means you will receive 2 condos for the price of one.This is limited to two buyers only so get in fast!

Property tax can be an overwhelming topic to discuss, especially in an emerging market such as Cambodia. With policies yet to be polished, there are some tax considerations you should be aware of before entering into any transaction.This is exactly what the CEO of Cambodia Investment Management Group, Anthony Galliano, tackled during his presentation at the Cambodia Real Estate Show in May this year.Property Tax in Cambodia when Renting a Property:If you’re a company renting an office, Mr. Galliano says you can rent from either a landlord who is a registered taxpayer or private individual that owns the property. If you’re a registered taxpayer, you’re responsible as a collection agent for withholding tax on rent for the government. Ideally the withholding tax should be deducted from the gross rent and a net rent paid, less the withholding tax, to the landlord. The withholding tax is paid to the government through the monthly tax return filing, by the registered taxpayer, who is the tenant/lessee.If the Lessor is not a registered taxpayer, make sure the lease includes a clause to deduct the 10% withholding on rental. Most landlords will not accept paying the withholding tax and if the rental price is agreed as USD 1,000 a month the landlord would expect USD 1,000 a month, not USD 900, after withholding tax is deducted. Therefore, it is important to get the Lease Agreement right and include a clause for deducting withholding tax.Meanwhile, the process should be straightforward when both parties are registered taxpayers. Galliano explains that when dealing with a non-registered taxpayer landlord, the registered taxpayer lessee acts as a collection agent for the withholding tax, if both the lessor and lessee are registered taxpayers, withholding tax and VAT apply.Since landlords generally expect to be paid the monthly rental price agreed and tend to refuse to accept the withholding tax deduction from the rental price, it is best then to gross up the rent in these cases. Withholding tax is a non-deductible expense if paid by the lessee, over and above the rent. Quite simply, the lessee can gross up the rental price, by dividing the monthly rent by .9, and then deducting the withholding tax from this amount.This may seem counterintuitive, but Mr. Galliano explains, “One main reason I always suggest this is that you could get the full benefit of the rent and the withholding tax paid.” This is beneficial when calculating your annual profit, a tax of 20% being applied, as you effectively reduce your profit by both the rent and withholding tax, by grossing up.This benefits the landlord if they are a registered taxpayer too because they can claim the withholding tax credit against their profit tax, he says. Additionally, according to Instruction18410 released last November, if a sub-lessee leases from a sub-lessor, then sub-lessee doesn’t have to pay withholding tax as long as the sub-lessor pays the withholding tax to the lessor.Property Tax in Cambodia and Accommodation:When it comes to the hospitality industry, hotels must charge customers an accommodation tax. The government’s definition of a hotel includes hotel apartments, suite hotels, motel, lodges, bungalows, guest houses, and tourist camps excluding flats or houses.“If you provide hotel and accommodation services, then you should charge 2% on the room cost, inclusive of all other services. So, if somebody gets a massage or any other services, you should charge the tax on this service as well. You must charge on taxes as well except for the accommodation tax itself and the VAT. The tax is payable at the time of supply, according to Mr. Galliano.Property Tax in Cambodia Related to Ownership:Regarding property tax, Mr. Galliano mentions property tax was effective from January 1st, 2011. The tax payment is an annual obligation due by September 30th. Mr. Galliano further clarifies that “it’s effectively an annual tax on immovable property such as a condominium, a flat, or a villa. The property tax is applicable to individuals and companies.”Property tax applies to land with or without a building, except for agricultural land and/or state land. Unused land is also taxed, however, this is a separate tax called unused land tax, according to Mr. Galliano.To register to become a taxpayer for property tax, he explains that the first thing you must do under this law is to register at your tax branch. You only need to register the property if it’s worth $25,000 or more. You should go to your tax branch where the property is located and complete two forms: PT01 and PT02.PT01 outlines the information about the property and PT02 is the property tax application itself. With regard to relevant documents for property ownership, he says: “You need to bring your ID card, birth certificate, or a passport; your residency or your family book or residency letter; certificate of immovable property, ownership or ownership issued by the cadastral in administration. You need your land sale purchase agreement when you bought the property, and you need to bring a water or electricity bill if you’re connected to show proof of address.”Highlighting high property tax in the US and other countries and possible high property tax he concludes, “In the US, I think you’d probably pay a couple of thousand dollars on an average residential property.Property tax in the US is very high. It’s mostly high in other countries as well. So, it’s pretty reasonable here now, which will probably change because the law’s only in effect since 2011.I’m sure as years go by, we’ll see an escalation of the tax itself.” Specific tax law of Cambodia can be found on the General Department of Taxation website.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info...

Property investment is not a feat to be taken lightly. With Phnom Penh booming with new developments, and new developers coming on the scene all the time, it can be difficult to know where to begin to look for the right investment opportunity. Especially one that is going to benefit you financially in the long term. This is why aligning yourself with a property developer you can trust is so important.When looking at who to trust in the property market, a good developer should have a track record of successful developments, a wealth of experience in the industry and real knowledge about the location, and (in all honesty)  that can be hard to find. However, nothing speaks louder than actions, which is what sets Creed Group from Japan apart from other developers.The groups’ first development in Cambodia; Bodaiju Residences on Russian Boulevard, has set a catalyst in the real estate market that others aspire to reach. The residences tick all the right boxes, from paramount location, fully furnished units, to its focus on investors receiving real returns and capital appreciation. Due to the success and continuing growth of Bodaiju Residences, Creed Group has used their wealth of experience to develop two more successful projects,most recently,the launch of its third project “ARATA Garden Residences”.Creed Grouphas combined the successful elements of Bodaiju Residences with a fresh vision which has resulted in establishing ARATA Garden Residences. With more than 500 units on phase 1adorned with all the facilities you could expect from a luxury development, this is an unmissable investment opportunity. It doesn’t stop here, however. Creed Group’s cooperation with another Japanese developer “Hoosiers Holdings” has brought on board the very best elements of Japanese design. The architecture is modern, yet there is a unique emphasis on the natural environment. Residents will experience the luxury of modern facilities, yet the tranquility of being surrounded by nature and greenery. Welcome to the ultimate place to unwind.Creed Group is excited to be a part of the Cambodia Real Estate Show 2 to answer any inquiry and start your dream investment journey.Considering buying property and want to join the show for free –sign up here.Forsponsorship or exhibitor opportunities at the Cambodia Real Estate Show, please contact:Khmer and Chinese: nin.kang@realestate.com.kh,   or call +855 93 552 305, +855 78 637 323English: tyler.stuart@realestate.com.kh, or call +855 12 599 669, +855 81 599 669

Famous for Angkor Wat temple, Siem Reap is becoming a popular real estate investment destination in Cambodia, largely thanks to its tourism attractiveness and lower land price compared to Phnom Penh. However, next year’s general election appears to be stagnating real estate transactions in the Siem Reap market, as it is an area of the Cambodia real estate market primarily dominated by foreign buyers and renters.Mr. Mario Tan, Sales and Marketing Director of Hunter Estate, said: “land prices in Siem Reap are still low compared to that of Phnom Penh. Land prices in Siem Reap are not rising at the moment - with an average between $350 and $400 per square meter. However, the most expensive land price in Siem Reap is near Old Market or Phsar Chas - with prices similar to Phnom Penh: ranging from $3,000 to $5,000 per square meter.” Now, you can invest in land for sale in Siem Reap.“Real estate transactions in the first half of 2017 were down 50 percent compared to the same period last year, due to political uncertainty and economic slowdown in Siem Reap and internationally. Land prices have stagnated in Siem Reap due to the slowdown of general real estate transactions in the province,” Mr. Mario suggests.Echoing Mr. Mario’s view, Mr. Sarath Sok, Managing Director of SiemReapLand house.com, said: “land prices in Siem Reap sees neither increase nor decline, probably due to uncertainty ahead of next year’s general election. Regarding the rental market, in particular apartments and condos, it is increasing significantly but the price declines because supply is more than demand at the moment. Rental prices have decreased from $400 to $300 per month in many cases, for example.”Meanwhile, Mr. Michael Kean, CEO of Solina Realty Consulting, said: “land prices in Siem Reap range from $110 per square meter in the outer areas around The Ring Road - to $700 per square meter closer to town. Land prices in the old market area are the most expensive, starting from up to around $3,000 per square meter.”For Mr. Kean, vacant land within the city and within 25 Kilometers of the city - in such areas as Banteay Srey, where tourists are still coming in droves - offer a particularly good opportunity for real estate investment in Siem Reap currently.For investors keen on real estate investment in Siem Reap, some business insiders suggested that Sala Kamraeuk is the developing but potential area at the moment with attractive, low land prices.Mr. Mario suggests that wise investors should not invest in expensive property in Siem Reap, because it is difficult to resell for good return. Sala Kamraeuk is the developing but potential area with suitable land prices - between 250$ and $300 per square meter near the highway. This area is peaceful with a good landscape, good roads and international school for foreigners, making it comfortable for residential living. ReTourism has been the major driver of real estate investment in Siem Reap. The number of tourist arrivals keep increasing each year, with the recent report by Angkor Enterprise showing a 13 percent rise in tourist arrivals in the first half of 2017 compared to the same period last year. Recently, the company that invest in Sang Ssa Island also plans investe in eco-tourism city in Siem Reap.Mr. Sarath added: “the most popular property for investment in Siem Reap is hotel sector. Investors, especially Chinese, prefer investments in hotels to serve the growing tourist arrivals each year. One hotel comprising 40 rooms can rent for up to $6,000 per month.”According to a recent hotel study by Bonna Realty Group, the number of hotel rooms in Siem Reap continue to rise in the first semester of 2017 compared to the same period last year.The study found that 3-star hotels in Siem Reap increased from 5,987 rooms from last June to 6,709 rooms as of June 2017. For hotels deemed to be 4-star, rooms in this category jumped from 8,132 rooms to 8,962 year-on-year. Meanwhile, 5-star hotels witnessed a decrease in room numbers, dipping from 6,699 last year to 6,131.It is expected that land price in Siem Reap will rise in value again after the general election - with more chinese investors injecting money to drive the whole real estate sector in Siem Reap.Mr. Mario is optimistic that general business, including the real estate sector, in Siem Reap will grow significantly after the national election.“We can see the example of last election; real estate transactions before the election declined but after the election the transaction rose again,”  states Mr. Mario.  “Our government has a good relationship with China and Chinese investors will inject more money to invest in real estate sector - not only in Siem Reap but also in Sihanoukville and Kampot.”Mr. Mario added that, “There will be two big shopping malls coming soon in Siem Reap. The shopping malls will attract tourists to spend more money in the province, contributing to boosting the local economy. A strong local economy will eventually be a good sign for the entire real estate sector in the province.”Search real estate for sale in siem Reap or real estate for rent in Siem Reap on Realestate.com.kh! or want to invest in houses​ sale  in Siem Reap now.

After establishing its impact last May as one of the biggest and most successful real estate shows the country has ever seen, the Cambodia Real Estate Show will once again set the stage for guests to learn about the market from renowned experts in the field.The show is projected to be bigger than the first one but will still serve as a means for the biggest developers to showcase their properties. One of these developers is the Prince Real Estate Group which will be exhibiting their Prince Modern Plaza Project.The Prince Modern Plaza is a mixed-use development that includes condominium units which range anywhere from 29 square meters to 64 square meters. These units are built with a modern design and efficient ventilation system. Each unit has also been designed to maximize natural lighting.The Prince Modern Plaza has also been designed with a panoramic view of Phnom Penh. It has good value, low-cost early payments, high profitability, and is suitable for even middle-income earners.The developers of The Prince Modern Plaza will be offering a special promo for buyers at the show! They're ready to give a 6% discount off of the unit price and refund your plane ticket if you purchase from them during the two-day event!So for those who are interested to take the special offer or if you just simply want to learn about the project, representatives from The Prince Modern Plaza development will be located at Booth 32, 33, and 35 at the Cambodia Real Estate Show 2 to answer any inquiries.The show will also come with access to several panel presentations and discussions in Khmer, Chinese, and English. Speakers and presenters will include local and international experts. They will be talking about currently relevant topics in the real estate market. These seminars are expected to help investors choose the right opportunities and know the practical considerations of real estate deals in the country.Considering buying property and want to join the show for free – sign up here.For sponsorship or exhibitor opportunities at the Cambodia Real Estate Show, please contact:Khmer and Chinese: nin.kang@realestate.com.kh,   or call +855 93 552 305, +855 78 637 323English: tyler.stuart@realestate.com.kh, or call +855 12 599 669, +855 81 599 669

Paradise; It’s something we all dream of…. The word carries with it a sense of luxury, a vision of natural beauty, and above all that warming feeling of peace. But when we think about our own version of paradise, the mind tends to wander to a place that is far away. Island holidays; long stretches of beach; blue water as far as the eye can see... What if experiencing all of this was possible, without planning an elaborate overseas holiday?This was a vision that developers Shu Jian Tian Yu Development Co,.Ltd had in mind when developing the Blue Bay Project: Sihanoukville’s own version of paradise. Don’t fall in the trap of thinking that Phnom Penh is the only city that is booming for developers and property investors - Sihanoukville has established itself as a prime hub for condo development, and nothing demonstrates that more than the Blue Bay project.From the very outset it is obvious that this development sets itself apart, as it is the only condo in Sihanoukville that is on the beach itself. All residents will get to experience 360 degree views and the highest quality facilities. The developers have taken no shortcuts here in trying to bring the feeling of a holiday to all potential residents; a sea facing pool, five star restaurant and a casino are right at your fingertips. Located five minutes from the city centre, Blue Bay is quite literally a holiday you don’t even need to travel for.Whether you are looking for a luxurious lifestyle for you and your family to live in, or an investment property for rental returns, Blue Bay has options available for all.And the best part? The developers want Blue Bay to be a real investment possibility for everybody, and have decided to come on board at The Cambodia Real Estate Show, with a special promotion. Come and see the friendly Blue Bay team on the day for an exclusive 7% discount off the purchase price when you make an upfront payment on a Blue Bay unit. This is a slice of paradise you really don’t want to miss out on.Blue Bay will be at booths 8 and 9 at the Cambodia Real Estate Show 2 to answer inquiries.Considering buying property and want to join the show for free – sign up here.For sponsorship or exhibitor opportunities at the Cambodia Real Estate Show, please contact:Khmer and Chinese: nin.kang@realestate.com.kh,   or call +855 93 552 305, +855 78 637 323English: tyler.stuart@realestate.com.kh, or call +855 12 599 669, +855 81 599 669

Following the roaring success of the first Cambodia Real Estate Show in May, the Kingdom is readily awaiting its’ return in October, with plans in the pipeline to make this show even bigger than the first.The event will include a vast range of top developers from the market, such as the renowned Xinghui Property Development (Cambodia) Co. Ltd who will be showcasing the much anticipated Star City development at the show.This 3.6 hectares, mixed-use development is located at the Russian Boulevard in Khan Sen Sok, a two Khan brothers in northern Phnom Penh – just minutes away from the Phnom Penh International Airport, among other commercial centres. It is also very close to the CBD. With a location in such a prime area  potential investors in the Star City development are offered the prospect of a very good return on their investment - especially for those that get in early.The Star City project, a new Phnom Penh landmark emerges, will have a total of seven buildings, each 12 storeys tall. The seven towers will comprise of residential units with full facilities and further include a variety of  restaurants, luxury offices, retail spaces and a hotel. Condo units within the development have a starting price of $93,000 USD. Buyers can choose to purchase a unit with cash or negotiate other payment methods with very favourable terms.Star City’s developers are offering a SHOW-ONLY DISCOUNT of up to 15% for buyers who commit to purchasing a unit during the Cambodia Real Estate Show in October. However, the excitement doesn’t end there, they are also planning to throw in a free iPhone 7 Plus Red or a motorbike. These lucky buyers will also have the chance to win a variety of electronic equipment for home-use.If you’re an overseas buyer flying in to see the show, and decide to purchase a unit , the developers will be offering a 9% discount, combined with 3 years of 6% GRR (Guarantee Rental Return) per annum. On top of this, the developers will reimburse you $400.00 to recognise the cost of your travel.  For those who are interested in taking advantage of this special offer, or who are curious to learn more about this exciting project, the representatives of the Star City development will be located at Booth 39 and Booth 50 at the Cambodia Real Estate Show to answer any questions you might have.The show will also have several panel discussions and presentations in Khmer, Chinese, and English, led by reputable international and local experts. These will give a comprehensive overview of the real estate market to fully inform investors about choosing the right investment and the practical considerations of real estate transactions.from a range of international and local experts regarding relevant topics in the real estate market today. These free seminars help investors to choose the right investment; and know the practical considerations of real estate transactions in Cambodia.Realestate.com.kh will bring a yealy real estate to Cambodia. Keep track the updated infomation of the comming Real Estate Show in 2018! Do you know over $20 million of property sold at the Cambodia Real Estate Show?   Want to invest in Real Estate  for rent in Phnom Penh with Realestate.com.kh.

During the term of a lease, both the landlord and tenant have a right to request for the court to review the rental amount if one of them considers that the circumstances have changed justifying an increase or decrease in the amount. We will see (i) that giving this power to the court may constitute a risk for the parties and (ii) that other options can be put in place for reviewing the rent in order to take into account market changes and inflationary risk.ING SophealeakCharles AMARPartnerManager          ON THE AUTHORSING Sophealeak and Charles AMAR, lawyers at Bun & Associates, advise domestic and foreign clients seeking expert advice and innovative solutions in dealing with significant and complex transactions involving both raw and developed properties.  Their work includes advising on all issues relating to real estate investment, project development, construction and asset management. Our real estate team has also hands-on expertise and experience in advising clients on matters related to economic land concessions, special economic zones, agriculture, the environment and mining. Pursuant to Articles 248 and 610 of the Civil Code, a tenant has an obligation to pay the rent to the landlord at the agreed time. In this respect, the parties are free to agree on the amount of rent to be paid and to choose the most appropriate form of rent between a fixed rent, a progressive rent or a variable rent (rent based on turnover)[1].However, one of the main concerns of landlords and tenants is how to review the rent during the term of the lease, especially when it is a long-term lease, in order to take into account market changes and inflationary risk.In this respect, both landlords and tenants benefit from a specific right to request for the court to set an appropriate amount for the rent if one of them considers that the estate prices, including rental amounts.However, Article 249 does not specify the conditions of this rent review and in particular when a party can request it.Article 249 also does not provide with a method of calculation to be used by the court to set the appropriate amount of rent. Consequently, there is a significant risk for the parties as the court has discretionary power to make these determinations while not having expertise in the real estate market, including real estate valuation.Generally, the parties do not take into consideration this risk when they are signing a lease and when they are preparing their business plan. Therefore, the provision of Article 249 may constitute a big risk as it can impact significantly such business plan if the rent increase or decrease.This rent review by the court may also constitute a risk for the bank which grants financing to the tenant (e.g. in order to finance the fitting-out works) or to the landlord (e.g. in order to finance the acquisition of the real estate property to be rented to the tenant).To the best of our knowledge, there has not been any court decision made on the basis of Article 249.However, it is recommended to expressly waive this right in the lease in order to avoid such a risk as the provisions of Article 249 are not mandatory.Furthermore, if the parties still want to be able to review the amount of the rent in order to take into account market changes and inflationary risk, they should include in their lease an indexation clause or a rent review clause.These types of clauses have been developed through practice and are now very popular in lease agreements all over the world.Indeed, some owners may be reluctant to grant a long-term lease to tenants if the rent cannot be reviewed. This is especially the case in Cambodia where the value of properties and the price of rent is changing very quickly and where landlords and tenants want to be sure that the rents amount is fair to them.circumstances have changed compared to those that existed at the time the lease was executed[1].Indeed, Article 249 of the Civil Code provides that “if the rent is no longer appropriate on account of change in circumstances, either party may request the Court to increase or decrease the rent to an appropriate amount”.The drafting of Article 249 is very broad and gives discretionary power to the court to decide (i) if the circumstances have changed and (ii) an appropriate amount of rent to be paid by the tenant.Therefore, the party which requests a rent review by the court will have to prove that the circumstances have changed from those existing when the lease was executed. It may not be difficult for a party to prove a change in circumstances when considering the fast growth in the real estate sector and the number of new development projects throughout the country which will impact real Therefore, the role of an indexation clause or a rent review clause may be very important.The purpose of an indexation clause is to take into account inflationary risk in a long-term contract. An indexation clause allows for variation of the rent automatically at specific periods and is based on a specific nominated price index to determine the amount.In Cambodia, there is no specific provision in the Civil Code which governs the indexation clause in the lease. Therefore, the terms and conditions of the indexation will depend on the drafting of the indexation clause and the parties are free to determine such conditions in the lease.However, there is no official publication at this stage in Cambodia of any index by the National Institute of Statistics relating to real estate, such as a construction cost index, a commercial rent index or a residential rent index. The parties can only refer (i) to the Consumer Price Index (which is not really adapted to the real estate market) or (ii) to a contractual index.Therefore, it is not recommended to include an indexation clause until such time as an index relating to construction costs or rental prices has been published by the National Institute of Statistics.As a consequence, the solution which is currently recommended in Cambodia is to include in the lease a rent review clause which will specify the conditions of the rent review and, in particular, the method of calculation of any adjustment to the rental amount.We have seen many landlords in Cambodia requesting the application of a rent review clause in a lease agreement, especially in leases for office premises.The role of a lawyer or a legal adviser will be very helpful to assist the parties in drafting the appropriate rent review clause.In conclusion, it is recommended (i) to expressly waive in the lease agreement the provisions of Article 249 of the Civil Code and (ii) to include a rent review clause if the parties want to review the rent during the term of the lease. This will allow the parties to take into account the market changes during the term of the lease by reviewing the rental amount.For further information, please contact us at:Bun & Associates#29, Street 294, Phnom Penh, Cambodia, P.O. Box 2326T: +855 23 999 567 | F: +855 23 999 566 E: ing@bun-associates.com / amar@bun-associates.comwww.bun-associates.comThis publication is for your information only. It is not intended to be comprehensive and it does not constitute and must be not relied on as legal advice. You must seek specific advice tailored to your circumstances.Any use of the information contained in this article or the receipt of this article is not intended to create nor does it create a solicitor-client relationship between you and Bun & Associates. Unless otherwise indicated, Bun & Associates owns the copyright of this article. If you seek to reproduce or otherwise use this article or any part of it in any way, it is your responsibility to obtain approval for such use where necessary.Realestate.com.kh, Cambodia’s home of real estate, has the most up to date information for buyers, sellers and property enthusiasts! Sign up for our newsletter today and stay up to date with the latest info...