Buy or Rent Condos & Apartments in Cambodia

The Condominium Market is Booming! If an expatriate moved to Cambodia just over a decade ago, condominiums were not much of an option. Today the condominium market is moving at lightning speed in areas such as Phnom Penh, Siem Reap (lower-rise), Sihanoukville, and Kampot, to name a few.

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For Rent

PP00077 4
$3,500
Per Month
BKK1 > Chamkarmon > Phnom Penh
Bedrooms: 4
Bathrooms: 4
Parking: 1
Rental Term: 6 Month Minimum
Floor Space: 200m2

For Rent

PP00076 7
Bedrooms: 2
Bathrooms: 2
Parking: 1
Rental Term: 6 Month Minimum
Floor Space: 66m2

For Sale

PP00075
Bedrooms: 3
Bathrooms: 2
Floor Space: 160m2

For Rent

SKV00023 4
$500
Per Month
Sihanoukville
Bedrooms: 1
Bathrooms: 1
Year Built: 2
Rental Term: 1 Year Min.
Floor Space: 47m2

For Sale

SKV00021 10
Bedrooms: 1
Bathrooms: 1
Floor Space: 45m2

For Rent

KPT00077 9
Bedrooms: 1
Bathrooms: 1
Year Built: 2019
Rental Term: 1 Year
Floor Space: 4x6m2
Land Size: 20x20m2

For Sale

KPT00078 2-1
Bedrooms: 8
Bathrooms: 8
Year Built: 2019
Floor Space: 4x6m2
Land Size: 20x20m2
Land Title: Hard Title

For Rent

PP00064
$1,200
Per Month
BKK1 > Chamkarmon > Phnom Penh
Bedrooms: 2
Bathrooms: 2
Parking: 1
Rental Term: 6 Month Minimum
Floor Space: 113m2

For Rent

PP00060 22
$1,600
Per Month
BKK1 > Chamkarmon > Phnom Penh
Bedrooms: 3
Bathrooms: 3
Parking: 1
Rental Term: 6 Month Minimum
Floor Space: 130m2

For Rent

PP00062
$800
Per Month
Chamkarmon > Phnom Penh > Toul Tom Poung (Russian Market)
Bedrooms: 1
Bathrooms: 1
Parking: 1
Rental Term: 6 Month Minimum
Floor Space: 63m2

For Rent

PP00065 5
$700
Per Month
Chamkarmon > Phnom Penh > Toul Tom Poung (Russian Market)
Bedrooms: 2
Bathrooms: 2
Parking: 1
Rental Term: 3 Month Minimum
Floor Space: 100m2

For Rent

PP00061 2
$350
Per Month
Chamkarmon > Phnom Penh > Toul Tom Poung (Russian Market)
Bedrooms: 1
Bathrooms: 1
Parking: 1
Rental Term: 6 Month Minimum
Floor Space: 45m2

For Sale

PP00055 5
Bedrooms: 1
Bathrooms: 1
Floor Space: 49m2
Land Title: Hard Title

For Rent

PP00063 6
$1,100
Per Month
Chamkarmon > Phnom Penh > Toul Tom Poung (Russian Market)
Bedrooms: 2
Bathrooms: 2
Parking: 1
Rental Term: 6 Month Minimum
Floor Space: 88m2

For Rent

PP00047 14
$1,300
Per Month
Chamkarmon > Phnom Penh > Tonle Bassac
Bedrooms: 2
Bathrooms: 2
Parking: 1
Rental Term: 6 Month Minimum
Floor Space: 130m2

For Rent

PP00045 4
$800
Per Month
Boeung Kak 2 > Phnom Penh > Tuol Kork
Bedrooms: 1
Bathrooms: 1
Parking: 1
Rental Term: 3 Month Minimum
Floor Space: 60m2

Rented

KPT00063 12
Bedrooms: 1
Bathrooms: 1
Parking: 1
Rental Term: 1 Year

For Sale

PP00038 31
$335,000
$2691 /sqm
Obek Kaorm > Phnom Penh > Sen Sok
Bedrooms: 3
Bathrooms: 2
Floor Space: 124.5m2

For Sale

PP00038 19
$216,000
$2820 /sqm
Obek Kaorm > Phnom Penh > Sen Sok
Bedrooms: 2
Bathrooms: 2
Floor Space: 76.6m2

The Condominium Market is Booming!

If an expatriate moved to Cambodia just over a decade ago, condominiums were not much of an option.

Today the condominium market is moving at lightning speed in areas such as Phnom Penh, Siem Reap (lower-rise), Sihanoukville, and Kampot, to name a few.

With Cambodia allowing foreign businesses to thrive more than their neighbours, the Kingdom is gaining a reputation as the go to country in South East Asia for living, working, opening a business, and raising a family. Cambodia’s condominium boom is one of the entire region’s most exciting in recent memory.

With an increasing expat workforce arriving and more international companies making branch offices or Phnom Penh their headquarters, the demand to buy and rent condominiums has never been higher. And there is no sign of new condominium approvals slowing down.

THE PHNOM PENH CONDOMINIUM MARKET 

At the end of 2nd Quarter 2021, an additional five condominium projects came onto the market, adding 1,273 additional units to Phnom Penh’s quota, leaving the market with 90 developments and over 27,000 units in the city.

The COVID-19 pandemic has affected the market and brought prices down, but this is to everyone’s advantage.

The market is seen as having 3-tiers:

  • HIGH END
  • MID-TIER
  • AFFORDABLE

The higher end of the market is the dominant force with an estimated market share of over 60%.

The value between Jan and June 2021 was just upwards of UD$2800 per sqm. The mid-tier condo segment accounts for upwards of 30% of the market, with its valuation being just over US$2,100 per sqm and the affordable condo market just under US$1,500 per sqm.

The market is evolving and has seen the rise of what are referred to as ‘No-Frills’ condominiums. These consist of basic units under US$100,000. They were primarily aimed at a growing middle-class of Khmers but have attracted much attention in rentals, sales, and investment opportunities for foreigners.

This example applies to developers in every city and town we represent all over the country; this is not specific to Phnom Penh.

Investment in the Cambodian Condominium Market

Guaranteed Rental Returns (GRR)

With multiple developers now offering GRR to the buyer, the market has been transformed.

If you are unfamiliar with how GRR works, let us explain.

Once payments are concluded and the unit has been transferred over, the developer is guaranteed to repay a specified percentage of the original purchase value over a set time, thus acting essentially as a rental income.

At Lux, we can assure you this has proved very popular with foreign investors and buyers. Foreigners can own through a ‘Strata Title’ anything up to, but not exceeding 70% of the units in one building. However, only units above the ground are available to procure.

Lux’s Due Diligence on Developers

Before we list any development for the sales/investment market, we conduct thorough due diligence and research on the developers.

Working closely with our affiliates within the Kingdom’s market, we ensure that all opportunities we present to our clients are fully licensed and eligible to issue every unit applicable with a ‘Strata Title’, therefore ensuring registration to our clients.

Apartments for Rent or Sale in Phnom Penh

For the buyer’s market, there are many apartments throughout the country available. These tend to be in older buildings in the bigger cities, such as shophouses but do not offer a ‘Strata Title’ and can only be purchased using a Cambodian as a nominee.

We have many modernised apartments in locations throughout the Kingdom that offer great locations, designs and furnishings on the rental market.

The main difference between apartment rental and condominium rental is amenities. The condominium wave that has swept through Cambodia now offers many of the most luxurious gymnasiums, roof-top bars, swimming pools and spas, whereby many of the older apartment buildings do not, but there is naturally a price difference.

In this market, you can be sure to find what you are looking for with or without amenities. Contact your Lux expert today to inform them of what demographic you are looking for, and we will find you plenty of options today.

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.

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