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.

Beautifully Deluxe centrally located penthouse For Sale In Chamkarmon
3
4
230.6m2

Beautifully Deluxe centrally located penthouse For Sale In Chamkarmon

$894,576
Phnom Penh, One Bedroom Condominium For Sale in Bnguou Tompun
1
1

Phnom Penh, One Bedroom Condominium For Sale in Beoung Tompun

$56,650
Stunning Apartment for rent in Toul Kork Area
2
2
80m2

Stunning Apartment for rent in Toul Kork Area

$1,700
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For Sale

Deluxe Condo Up for sale in a Great Location - Daun Penh

2 bedroom luxury Condo Up for sale in a Great Location – Daun Penh

$139,606
Bedrooms: 2
Bathrooms: 2
Year Built: 2023
Floor Space: 84m2
Land Title: Hard Title

For Sale

Deluxe Condo Up for sale in a Great Location - Daun Penh

Deluxe Condo Up for sale in a Great Location – Daun Penh

$79,479
Bedrooms: 1
Bathrooms: 1
Year Built: 2023
Floor Space: 50m2
Land Title: Hard Title

For Sale

Beautiful Studio Apartment for sale In a Great Location, BKK1

Beautiful Studio Apartment for sale In a Great Location, BKK1

$105,800
Bedrooms: 1,2
Bathrooms: 1
Year Built: 2024
Floor Space: 28.78m2
Land Title: Hard Title

For Sale

Beautiful Studio Apartment for sale In a Great Location, BKK1

Beautiful Studio Apartment for sale In a Great Location, BKK1

$141,800
Bedrooms: 1
Bathrooms: 1
Year Built: 2024
Floor Space: 37.84m2
Land Title: Hard Title

For Sale

Luxury Western Style Apartment Up For Sale in Daun Penh Area

Luxury Western Style Apartment Up For Sale in Daun Penh Area

$150,000
Bedrooms: 2
Bathrooms: 2
Year Built: 2019
Floor Space: 120m2

For Sale

Phnom Penh, One Bedroom Condominium For Sale in Bnguou Tompun

Phnom Penh, One Bedroom Condominium For Sale in Beoung Tompun

$56,650
Bedrooms: 1
Bathrooms: 1
Year Built: 2021
Land Title: Hard Title

For Sale

The Superb 3 Bedroom Condo for Sale in Phnom Penh

The Superb 3 Bedroom Condo for Sale in Phnom Pen

$189,500
Bedrooms: 3
Bathrooms: 2
Year Built: 2023
Floor Space: 164.65m2
Land Title: Hard Title

For Sale

A Great Condominium for sale located Tonle Bassac-Chamkarmon

A Great Condominium for sale located Tonle Bassac-Chamkarmon

$428,000
Bedrooms: 2
Bathrooms: 2
Year Built: 2018
Floor Space: 145m2
Land Title: Hard Title

For Rent

A Great Condominium for rent located Tonle Bassac-Chamkarmon

A Great Condominium for rent located Tonle Bassac-Chamkarmon

$2,600
Monthly
Bedrooms: 2
Bathrooms: 2
Year Built: 2018
Floor Space: 145m2

For Rent

Luxury Western Style Apartment Up For Sale in Daun Penh Area

Luxury western style apartment For rent in Daun Penh Area

$750
Monthly
Bedrooms: 2
Bathrooms: 2
Year Built: 2019
Floor Space: 120m2

For Sale

Sihanoukville, Sea View Residences Fully Service Apartment For Sale

Sihanoukville, Sea View Residences Fully Service Apartment For Sale

$207,452
Bedrooms: 2
Bathrooms: 2
Year Built: 2022
Floor Space: 111.24m2
Land Title: Hard Title

For Rent

Stunning Apartment for rent in Toul Kork Area

Stunning design Duplex Room vailable for rent in Toul Kork

$2,700
Bedrooms: 2
Bathrooms: 3
Floor Space: 120m2

For Rent

Stunning Apartment for rent in Toul Kork Area

Stunning Apartment for rent in Toul Kork Area

$1,700
Bedrooms: 2
Bathrooms: 2
Floor Space: 80m2

For Rent

Luxury one bedroom Apartment for rent located Toul Kork

Luxury one bedroom Apartment for rent located Toul Kork

$1,000
Bedrooms: 1
Bathrooms: 1
Floor Space: 60m2

For Rent

Serviced Apartment For Rent In Toul Kork Area

Serviced Apartment For Rent In Toul Kork Area

$650
Monthly
Bedrooms: 1
Bathrooms: 1
Floor Space: 35m2

For Rent

One Bedroom Apartment For Rent in Toul Tompoung

One Bedroom Apartment For Rent in Toul Tompoung

$300
Monthly
Bedrooms: 1
Bathrooms: 1
Floor Space: 45m2

For Rent

One Bedroom Apartment For Rent in Chamkarmon

One Bedroom Apartment For Rent in Chamkarmon

$500
Bedrooms: 1
Bathrooms: 1
Floor Space: 95m2

For Rent

2 Bedrooms Apartment For Rent in Chamkarmon

2 Bedrooms Apartment For Rent in Chamkarmon

$550
Monthly
Bedrooms: 2
Bathrooms: 2
Floor Space: 95m2

For Rent

Phnom Penh-A1 location, Two Bedrooms Apartment for rent in BKK1

Phnom Penh-A1 location, Two Bedrooms Apartment for rent in BKK1

$1,300
Monthly
Bedrooms: 2
Bathrooms: 3
Floor Space: 105m2

For Rent

One Bedroom Apartment For Rent Located in BKK1-Phnom Penh

One Bedroom Apartment For Rent Located in BKK1

$700
Monthly
Bedrooms: 1
Bathrooms: 1
Floor Space: 45m2

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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