Investing in cambodia real estate

In Southern Cambodia on the costs of the gulf of Thailand, Sihanoukville beach resort is a perfect example of the touristic attractiveness of the Kingdom. By law, foreigners must apply for citizenship to be able to inherit property in Cambodia. In July , the US House of Representatives passed the Cambodia Democracy Act , that imposes sanctions against several government and military officials. Tourism and expatriation are highly encouraged, to focus on an international projection. Information contained in this guide, including trends, analysis and legal advice, has been obtained from sources believed to be reliable. Looking for a property?

The Real Estate Market in Cambodia has Undergone a Massive Transformation

To say that this city, and this country, is no stranger to change would be an understatement. However, the grit is fast waning. In the tourist and expat-friendly parts of Phnom Penh, new shops and restaurants are opening quickly. It was only a year ago that I suggested that the window was closing on earning easy money from simple businesses like a restaurant. That window now appears to be closed. Invesitng money that has been sitting on the sidelines is now coming out to play in the form of new boutique villa-style hotels, clone coffee shops, and Western restaurants. A lot of that is stupid money.

CAMBODIA, A FINAL FRONTIER:

The real estate market in Cambodia has undergone a massive transformation over the past 10 years due to an ongoing boom of foreign investment for new large-scale property developments. Increasingly there are also more gated housing communities, townhouse complexes, and satellite cities being developed across the suburbs and outer areas of the city, while in the beach town of Sihanoukville a similar increase in real estate development is taking place. All foreign nationals with valid passports are now eligible to purchase any unit of a property above the ground floor of a building such as an apartment complex or condominium. For those more interested in the purchase of land, rather than property units, there are two main options available to you:. No matter how much trust you may have in them, technically the investment is no longer yours if it is not in your name. Legally you would have no right to stay in the property should the unfortunate outcome of a divorce or sudden death take place. If you are seriously considering investing in land or property it is highly recommended that you first contact a well-regarded law firm with experience in real estate and incorporation arrangements.

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The real estate market in Cambodia has undergone a massive transformation over the past 10 years due to an ongoing boom of foreign investment for new large-scale property developments. Increasingly there are also more gated housing communities, townhouse complexes, and satellite cities being developed across the suburbs and outer areas of the city, while in the beach town of Sihanoukville a similar increase in real estate development is taking place.

All foreign nationals with valid passports are now eligible to purchase any unit of a property above the ground floor of a building such as an investing in cambodia real estate complex or condominium. For those more interested in the purchase of land, rather than property units, there are two main options available to you:. No matter how much trust you may have in them, technically the investment is no longer yours if it is not in your. Legally you would have no right to stay in the property should the unfortunate outcome of a divorce or sudden death take place.

If you are seriously considering investing in land or property it is highly recommended that you first contact a well-regarded law firm with experience in real estate and incorporation arrangements. While the growing number of new property developments might seem interesting to expats looking to invest, it should be noted that recent reports by international real estate agencies, including Knight Frank and CBRE, indicate there will be an expected five-fold increase in new units on the market byleading to considerable oversupply.

With such a large increase in development many expats in Cambodia have decided it is more prudent to rent during the next few years since property prices are currently at a peak and are likely to decrease in value as the supply of new units continues to grow. Also, since many developments are built off-plan, there is always the risk of investing in a project that does not reach completion.

It may well be wiser to wait for construction to be completed and for prices to adjust in your favor before considering to make a property purchase a few years from. Skip to content Real Estate in Cambodia. The Real Estate Market in Cambodia has Undergone a Massive Transformation The real estate market in Cambodia has undergone a massive transformation over the past 10 years due to an ongoing boom of foreign investment for new large-scale property developments.

For those more interested in the purchase of land, rather than property units, there are two main options available to you: The first option is to acquire a year lease on a piece of land, with the option of including sub-clauses to allow renewals of the lease duration and restrict any re-sale of the land during the agreement.

This enables a properly structured agreement to double the duration of the length of the lease up to years under Cambodian law. The second option is to purchase the land using a Cambodian Limited Liability Company. In order to maintain control of the company and of the land it is possible to structure the company using two classes of shares, with one class being dominant when it comes to nominating directors, transferring shares, and ensuring majority director agreement.

Also, by registering any land purchases using a mortgage in your name it means that land titles cannot be transferred without your consent. Furthermore, it is possible to document an agreement between company shareholders to establish your minority control of the company by nominating the board of directors or assuming power of attorney.

Better to Rent Than Buy? A Selection of Properties Available Below are some rental properties currently on offer: A fully renovated two-bedroom, two-bathroom Western-style apartment in Boueng Trabek that is fully furnished, with a large kitchen, washing machine, living room with flat screen television, and free internet access.

A newly built two-bedroom, two-bathroom Western-style apartment in central Phnom Penh that comes fully furnished investing in cambodia real estate a modern kitchen and living room, plus its own balcony.

A Modern apartment building near the Russian Market with a two-bedroom, two-bathroom unit that comes fully furnished, including multiple air-conditioning units, flat screen television, and a modern kitchen and living room. The building has its own rooftop swimming pool, communal gym, and provides free-of-charge cable TV, as well as a private car parking space.

CAMBODIA, A FINAL FRONTIER:

Maria de Guzman February 08, We would therefore have wanted to survey the prices of apartments. Foreigners cannot own land in Cambodia. Foreigners will need to set up a landholding company or a lease structure, which can be more expensive than canbodia buying cost because of legal fees. Rental guarantee up to 10 years. These cookies will be stored in your browser only with your consent. Aside from the EU, other international governments such as the United States, Australia, and Canada also issued statements condemning the election process. We’ll assume you’re ok with this, but you can opt-out if you wish. A 65 sq. However, very few, in fact almost none, are listed on the websites of realtors in Cambodia. It is beneficial for foreign investors, on-site developers and for the tourists enjoying the property. For the best mobile experience please use our app to: Chat with sellers Receive real time notifications Sell and manage your properties Open the App. Investing in cambodia real estate, it was eatate a bit bigger than a village. Rent: Rents can be freely negotiated and there is no specific tenant protection law.