Tag: Cambodia

Buying a Condo in Phnom Penh: A Beginners Guide

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Phnom Penh is the capital and largest city in Cambodia. You can find most real estate investment opportunities here, no matter if you seek to buy condo units or commercial property.

While the real estate market slowed down during the pandemic, some believe that the market has much growth potentials in the coming decade.

In this article, we review the most important topics on how you can buy real estate in Phnom Penh as a foreigner.

Topics covered:

  • Property Ownership Regulations in Cambodia
  • Best Districts to Buy Condominium Units in Phnom Penh
  • Phnom Penh Real Estate Agents
  • Phnom Penh Real Estate Developers

Property Ownership Regulations in Cambodia

Foreigners can only buy strata-titled real estate on a freehold basis. Strata-titled properties can typically be found in branded condominium projects, and sometimes as commercial shophouses.

The same as for most other Southeast Asian countries, you cannot buy land here as a foreigner. Continue reading Buying a Condo in Phnom Penh: A Beginners Guide

Investing in Cambodia Office Space & Buildings: A Complete Guide

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cambodia-office-building

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

Investing in commercial real estate in Cambodia brings many challenges to foreign companies. While you can buy residential real estate on a freehold basis, commercial real estate is significantly more regulated.

That said, there are plenty of reasons why foreign investors have started eyeing the Cambodian market. It’s known for having a business-friendly environment with few capital controls.

US dollars are widely used, also for property transactions, which is just the icing on the cake.

Multinationals have just started entering the market. Urbanization, population growth, and increased prosperity have helped Cambodia to reach some of the highest growth rates in Asia, something that will continue in the future.

Today, we review how you can invest in office space and buildings in Cambodia.

Topics covered:

  • Can foreigners buy office space in Cambodia?
  • Buying Office Space Through a Company
  • Cambodia’s Office Market
  • Office Space Gradings
  • Commercial Real Estate Agents in Cambodia

Can foreigners buy office space in Cambodia?

As explained in my article about how to buy industrial real estate in Cambodia, strata-titled units are only available to foreigners under current laws. Continue reading Investing in Cambodia Office Space & Buildings: A Complete Guide

How to Buy Industrial Real Estate in Cambodia: The Complete Guide

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Cambodia is still under many investors’ radar primarily due to its small labor pool and low manufacturing readiness level. Being one of the least developed countries in Asia, it has a low level of industry diversity when compared to Vietnam, Indonesia, the Philippines, and Thailand.

You might have noticed that forecast publications and analysis by companies and government organs like PwC and JETRO exclude Cambodia. Also, the biggest eCommerce websites in Southeast Asia, Lazada and Shopee, are not yet available in Cambodia.

Even if some multinationals and primarily Japanese companies have set up shops here, textile production, tourism, and agricultural activities still contribute most to the economy.

Topics covered:

  • Can foreigners buy industrial property in Cambodia?
  • Cambodia Free Trade Agreements
  • Industrial Clusters in Cambodia

Can foreigners buy industrial property in Cambodia?

Cambodia has generous visa regulations and foreigners have no issues owning 100% of certain company types. However, property ownership is restricted and we can only own 70% of the units in strata projects, which are typically condominiums or strata offices. Continue reading How to Buy Industrial Real Estate in Cambodia: The Complete Guide

How to Buy Land in Cambodia: The Ultimate Guide

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cambodia-land

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

Cambodia is one of the fastest-growing countries in Southeast Asia and attracts increasingly foreign multinationals. This is spurred by Cambodia’s low-cost workforce, young population, and future prospects.

Over the years, well-known brands like Le Meridien as well as MCC Land, a renowned Singaporean property developer, have entered the market.

As Cambodia sees an increased demand for residential, commercial, and industrial real estate, investors have started to target valuable land plots in Phnom Penh, beachfront land in Sihanoukville, and Siem Reap.

In this article, I explain how foreigners can buy land in Cambodia and what you must pay attention to.

Topics covered:

  • Can foreigners buy land in Cambodia?
  • Foreign Property Ownership Regulations
  • Land Titles in Cambodia
  • Land Prices in Cambodia
  • Taxes

Can foreigners buy land in Cambodia?

The same as for most other Southeast Asian countries, foreigners cannot own land in Cambodia. Continue reading How to Buy Land in Cambodia: The Ultimate Guide

Buying Property in Cambodia: The Definitive Guide

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

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. Yet, being one of the last frontier markets in Asia, it’s not the easiest market to navigate.

Before you engage in Cambodia’s property market, you must 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

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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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 real estate 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 neighboring 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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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.

  • Email: mysgprop.info@gmail.com
  • Phone number: (+65) 84188689
  • Website: www.mysgprop.com

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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cambodia-property-developers

Many foreign residential property buyers decide to go for off-plan properties when investing in Cambodia. There are also a number of foreign companies that 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 are 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 the 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