Properties For Sale in Cambodia
There are many types of properties for sale in Cambodia across the whole country. Whether you’re looking to buy a house, invest a business or buy a plot of land, we have it all.
Properties for Sale in Cambodia
Cambodia, in total, has 165 districts in 25 provinces. For foreigners looking to buy property in Cambodia, it can be a daunting prospect of where to start and what may be available. As is typical when coming to a new country, this can be time-consuming and somewhat frustrating.
Lux’s experienced team provides a complete service for expatriates, helping to source suitable options for individuals, families, and businesses across a broad scope of real estate.
In Cambodia, the following is available:
- Houses
- Villas
- Condos
- Apartments
- Boreys
- Land
- Various specifications of commercial property
Cambodia Title Classifications
HARD TITLE
A hard title represents the most potent property ownership form in the country. Hard titles act as an ownership certificate provided through the National Land Management and Planning Office.
A hard title comes with recognised and certified information pertaining to ownership certified throughout Cambodia at the Ministry of Land Management Urban Planning and Construction.
There is a four per cent tax applicable when the transaction is approved for hard titles.
SOFT TITLE
Soft titles are more commonly used in Cambodia as land titles. The soft title is recognised at a government level and provided by the local district or commune but not registered at a national level; however, it is still validated as possessory status.
Many transactions are conducted using a soft title as it negates ownership fees and transfer taxes.
Today in Cambodia, you will find the majority of new development projects are approved using hard titles as soft titles can be open to third parties contesting the land and can end up in litigation. However, the government has made moves to convert soft-land titles into hard ones, but this is ongoing.
Foreign Ownership
Using a Nominee
The most inexpensive way of owning actual ground floor bricks and mortar or land is to purchase through a Cambodian citizen. However, we do not encourage this method.
Many companies will still offer this service, but at Lux, we can present you with safer options for ownership. If you were to choose the nominee route after looking at your options, we would advise considerable due diligence of the person(s) you would be using as there is a lack of regulation if anything goes wrong.
Co-owned Buildings
In 2010 there was a significant breakthrough in the Kingdom for the foreign right of ownership when a ‘Strata Title’ became available. However, these only apply to a recently completed apartment or condominium building.
Foreigners can now own units from the first floor fully and upwards but no more than 70% of the number of units in the building.
Condominiums for Investment
Off-Plan
At Lux, we have numerous off-plan options throughout the country. If you are not familiar with the term, it applies to condominium projects still in their development stage.
As far as investment is concerned, this is the best time to buy and offers the most upside potential on your investment. At this stage, you have a more comprehensive range of options to purchase.
Completed Projects
With completed projects, although prices will be higher than off-plan, you have the luxury of being able to see a tangible asset and inspect the completed facilities.
Land and Landed Properties
Although foreigners by law cannot own freehold land outright, Lux has options that assist foreign nationals in gaining interest over land.
LANDHOLDING COMPANIES
One of these options is to incorporate a Land Holding Company (LHC).
In this scenario, the company is incorporated using a Cambodian citizen. However, the company is structured whereby they do not have the same amount of voting rights.
This method is usually reserved for premium land as there are higher costs involved, and the LHC is subject to tax on profits, but it is generally considered the safest way to do it.
Contact one of our expert agents at Lux for advice in essential matters before going ahead on any purchase; we can assist in giving you peace of mind you are making the right personal or business decision.
Land Ownership Rules in Cambodia
Foreigners can buy and invest in property and land in Cambodia.
There are four classifications of ownership in the Kingdom.
Hard Title – Soft Title – LMAP (Land Management and Administration Project) Title and Strata Title.
Lux have an innovative Land Investment Service that is unique to Cambodia. If you are a foreign investor, you need to fully understand the legalities and benefits of the different ownership options. So be sure to speak to your Lux expert to get fully informed.
