Category: Cambodia

Buying Property in Cambodia: The Definitive Guide

Posted on by Marcus Sohlberg — 10 Comments

Suggestion: Watch the 5 minutes video tutorial before reading this article

Do you plan to buy property in Cambodia?
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Cambodia is one of the fastest-growing economies in Asia and novice investors with some risk appetite have made great gains here in the past decade.

It’s also the last frontier country in Southeast Asia where it’s comparatively easy to start a business.

With that said, being a developing country, things are done differently compared to what many foreigners are used to.

Before you engage in Cambodia’s property market, it’s important that you learn about ownership regulations, property options available, where you should buy property, and more.

In this article, we review the following topics:

Continue reading Buying Property in Cambodia: The Definitive Guide

Investing in Cambodia Hotels: The Ultimate Guide

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invest-cambodia-hotels

Do you plan to buy property in Cambodia?
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Cambodia is one of the smallest countries in Southeast Asia but gains much attention thanks to the growing tourism industry, the manufacturing sector, and its young urbanizing population.

It’s comparatively easy to do business here and the government allows foreigners to own companies outright. At the same time, visa regulations are generous and foreigners can own as many as 70% of the units in condominium buildings.

With that said, investing in commercial real estate, such as hotels, requires a bit more due diligence and planning.

In this article, we cover the following topics:

  • Can foreigners buy hotels in Cambodia?
  • Purchasing Hotels Through a Cambodian Company
  • Tax Registration
  • Hotel Licensing and Approvals
  • The Hotel Market in Cambodia
  • Best Cities for Hotel Investments in Cambodia

Can foreigners buy hotels in Cambodia?

The same as it goes in most other Southeast Asian countries, with an exception for Singapore and Malaysia, you cannot buy hotels as a foreign individual in Cambodia.

Foreigners can only get hold of strata-titled units which are typically located in condominiums. Continue reading Investing in Cambodia Hotels: The Ultimate Guide

Investing in Cambodia Commercial Property: Complete Guide

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Do you plan to buy property in Cambodia?
Click here to get in touch with an experienced agent

Cambodia is one of the smallest and least developed countries in Southeast Asia and continues to attract overseas investors, due to various reasons.

Its ease of doing business, openness to foreigners, and economic growth are undoubtedly fueling the demand.

Investing in strata-titled residential real estate is comparatively easy to buying commercial real estate, like condos. This is the only option foreigners have in countries like Cambodia, Thailand, Vietnam, and the Philippines.

However, Cambodia’s commercial real estate market becomes increasingly interesting, a reason why we have written this article.

Topics covered in this article:

  • Can foreigners buy commercial property in Cambodia?
  • Commercial Property Types Available to Foreigners in Cambodia
  • Best Cities in Cambodia For Commercial Property Investments
  • Commercial Property Taxes
  • FAQ

Can foreigners buy commercial property in Cambodia?

Foreign individuals can only buy strata-titled units and apartments in Cambodia, typically new condominium units. This is the standard in other Southeast Asian countries. Continue reading Investing in Cambodia Commercial Property: Complete Guide

Meridian’s Expansion in Phnom Penh: A Complete Overview

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skylar-meridian-phnom-penh

Meridian International Holding is an international corporation established more than 3 decades ago. The group started from a base in textiles and garments but has diversified its business through property development and investment.

In the past years, Meridian has invested hundreds of millions of dollars in a handful of high-end projects in Phnom Penh. Today, the CEO of Meridian International Holdings in Cambodia, Mr. Ko Sek Yan, will explain more about the projects, unit prices, yields, and buying process.

1) What makes Phnom Penh interesting for property investors?

First of all, Phnom Penh is located in the Central South Peninsula, bordering to the West and Northwest of Thailand, Northeast of Laos, East and Southeast of Vietnam, and facing the Gulf of Siam in the South.

One Belt One Road Initiative” (OBOR) is one of the key geopolitical and strategic developments shaping the world today. Touted as the 21st century Maritime Silk Road, OBOR aims to connect the eastern part of China’s coastal cities with Europe via the Indian Ocean and South China Sea. Continue reading Meridian’s Expansion in Phnom Penh: A Complete Overview

Investing in Phnom Penh’s Luxury Property Market

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phnom-penh-city-centre

Cambodia is one of the fastest growing countries in Asia and has attracted many foreign investors during the past years. Even if the market has been a bit shaky, overseas buyers, and especially Chinese, continue to flood the property market in vast numbers.

Here, you’re not only able to buy residential property, but also commercial property that can bring in great returns long-term.

Today, I’ve invited CS Tee from Huttons Asia in Singapore to explain more about how it works when buying luxury real estate in Cambodia. He has personally bought commercial property in The Peak and will explain about the property market, the buying process, property taxes, what the benefits and drawbacks are, and more.

Let’s see what he has to say.

Thanks for being here Tee. You’re from Singapore and promote Cambodia real estate to international buyers. Can you explain what makes Cambodia so interesting and why foreigners should consider investing in real estate here?

Cambodia is still a relatively new market and therefore has the potential for an attractive return on investment compared to its neighbouring countries, like Thailand and Vietnam.

Continue reading Investing in Phnom Penh’s Luxury Property Market

Buying Property in The Peak (Phnom Penh): By Huttons Asia

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the-peak-swimming-pool

This article includes sponsored ad content by Huttons Asia

This week, we have a look at a high-end mixed use project, The Peak, located in Phnom Penh, Cambodia. The project is planned to be completed in 2020 and Huttons Asia has helped us to write this sponsored article, where they share more information about the development.

The Peak is a freehold property and integrated with Shangri-La’s 5 Stars Hotel & CapitaLand Mall, located right in the heart of Phnom Penh. Within 200 meters, you’ll reach the famous Nagaworld 5-Stars Hotel & Casino (the only Casino in Phnom Penh).

Within 350 meters, you’ll be able to reach the upcoming World’s tallest twin tower, set to overtake Kuala Lumpur’s Petronas Twin Towers. And The Peak will be the closest residential tower, right next to this upcoming World’s tallest twin tower!

Sounds amazing, right?

The project is built by Oxley Holdings Singapore, which successfully launched The Bridge in Phnom Penh and is completely sold out.

the-peak-cambodia

If you’re interested in The Peak, you can contact Mr. CS Tee at Huttons Asia with the following contact information.

Continue reading Buying Property in The Peak (Phnom Penh): By Huttons Asia

The Impact of Blockchain in Real Estate: By OpenLedger ApS

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mihail-romanovsky

Blockchain becomes increasingly interesting and receptive, not only among tech-savvies but the general public.

Personally, I believe that blockchain is here to stay, and it’s much more than just cryptocurrencies, that some people merely associate blockchain with. I’m pretty sure that we will see blockchain in all kinds of industries, ranging from law, real estate, banking, product compliance, and more.

Cambodia is a perfect example where blockchain could help the local population immensely, even if it might take some time.

In the late 70’s, Cambodia experienced big problems when Khmer Rouge fighters destroyed many land titles during the genocide. This left a big part of the population empty-handed, with no proof of property ownership. Up till now, Cambodia still experiences issues with land grabbing.

OpenLedger ApS is a Copenhagen based company and one of the pioneers to introduce blockchain services in real estate. Therefore, I decided to invite Mihail Romanovsky, the company’s CMO (Chief Marketing Officer), to let him explain more about how blockchain works, and what impact it will have in the real estate industry.

Let’s see what he has to say.

1: First, thanks for having you Mihail. Before we get into the details, can you explain briefly what blockchain is and how it works technically?

Sure! So a blockchain works like this; It’s like a database that all its users agree on. When a new version of the database exists, that all the users agree is accurate, and that’s recorded immutably in an encrypted format – that’s called a block.

Continue reading The Impact of Blockchain in Real Estate: By OpenLedger ApS

Top 7 Property Developers in Cambodia: The Ultimate Guide

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Many foreign residential property buyers decide to go for off-plan properties when investing in Cambodia. There are also a number of foreign companies who actively work to improve the infrastructure and develop new properties.

Either way, a property developer is normally involved and many people wonder which the biggest and most reputable developers in Cambodia are. It’s not strange that people perform due diligence in this emerging market, where there’s many pitfalls to come across.

Therefore, I’ve written this article where I list some of the biggest and most well-known developers in Cambodia.

1. Borey Peng Huoth Group

Borey Peng Huoth Group is one of the leading and biggest property developers in Cambodia. Founded in 2005, it soon becomes the prominent property developer in the country due to its large scale residential projects.

The Group consists of three subsidiaries, all working in real estate sector. The three companies working under the umbrella of the Borey Peng Huoth Group are
Borey Peng Huoth Construction, Borey Peng Huoth Property Development, and Borey Peng Huoth Shopping Mall.

They’ve sold around 10,000 houses by 2017. The CEO of the group is Mr. Oknha Thay Mengly.

Continue reading Top 7 Property Developers in Cambodia: The Ultimate Guide

Top Real Estate Agencies in Siem Reap: A Complete Guide

Posted on by Marcus Sohlberg — 1 Comment

siem-reap-real-estate-agencies

Do you plan to buy property in Cambodia?
Click here to get in touch with an experienced agent

Siem reap is the gateway to one of the most visited temples in the world, Angkor Wat. The tourism industry thrives, naturally, this affects the real estate market positively. Siem Reap is also famous for having more villas and land available compared to the capital, Phnom Penh. Prices are lower on average as well.

The number of real estate agencies is slightly higher than Sihanoukville, most of the multinational companies have decided to set up head offices in Phnom Penh, but still cater foreigners who wish to buy properties in Siem Reap.

In this article, I list some of the biggest and most popular real estate agencies in Siem Reap.

Introductory remark

The real estate agencies are listed in a random order.

1. IPS

IPS is an established brand in Cambodia, they’ve managed to set up a strong local presence with a good mix of both local nationals and foreigners. The management consists of Australians and the company is headed by David Murphy in 2009,

David Murphy founded IPS in 2009 and serves as the company’s managing director. The management consists of mostly Australians, but there’s a mixture of both foreigners and local nationals in the company. David has a long history in real estate and previously managed a hotel for several years.

The company focus much on expats and foreigners and have staff capable of speaking English, French and more. Unfortunately, they don’t have any local branch in Sihanoukville but cater foreigners from their offices in Phnom Penh and Siem Reap.

Property types

Continue reading Top Real Estate Agencies in Siem Reap: A Complete Guide

Top Real Estate Agencies in Sihanoukville: A Complete Guide

Posted on by Marcus Sohlberg — 1 Comment

sihanoukville-real-estate-agencies

Do you plan to buy property in Cambodia?
Click here to get in touch with an experienced agent

Sihanoukville becomes increasingly more popular among foreigners and has seen big increases in property prices over the years. If you look for real estate agents, you won’t find as many options as in Phnom Penh. Still, many of the agents in Phnom Penh can help you to find properties in Sihanoukville.

In this article, I list some of the most popular real estate agencies who help locals and foreigners to buy properties in Sihanoukville.
Introductory remark

The real estate agencies are listed in a random order. Some of the below listed real estate agencies have their head offices in Phnom Penh, but help foreigners to buy property in Sihanoukville.

1. CBRE

CBRE is one of the largest real estate agencies in the world and was originally founded in the United States. The company has tens of thousands of employees worldwide, naturally, they have also set up an office in a growing market like Cambodia’s.

Unfortunately, CBRE doesn’t have any remote office in Sihanoukville, as the head office is located in Phnom Penh, opened in 2007. But they help foreigners with a number of property services in the city.

CBRE has a number of reputable clients in the country, for example, the Embassy of Korea, PWC, KLM and Nokia.

Property types

Continue reading Top Real Estate Agencies in Sihanoukville: A Complete Guide