Buy or Rent Villas in Cambodia
Cambodia has many villas for sale and rent from colonial style to modern. Often detached, you’ll find villas of all sizes across the country.
Villas for Sale in Cambodia
Given Cambodia’s colonial era, you can expect to find authentic gems in various towns and cities throughout the Kingdom.
However, not all villas are from the colonial era. The decade long economic and construction boom has delivered a plethora of new modern villas in desirable locations.
Villas are considered luxury residential property and are almost exclusively fully detached.
Most villas are a minimum of 3 to 4 bedrooms and have matching numbers of bathrooms and balconies. Around Phnom Penh, it is not uncommon to find villas with anywhere between 8-10 bedrooms with numerous bathrooms.
Generally, the plots come with driveways, stone-paved yards and gated secured entrances. Perimeter fencing is a common trait, and some villas will also come with gardens and swimming pools, while others concentrate more on parking space or both.
In Borey developments, it is not uncommon to find twin villas that are a considerably cheaper option for sales and rentals.
When looking at villas, it is common for people to think of a villa and townhouse being the same, but their characteristics are distinctly different.
Although both are residential properties, they have different attributes to consider.
Picking a Villa or a Townhouse
Both villas and townhouses offer luxurious and charming features. If you are looking for a colonial-style villa, you can get a picture of how they were designed and built historically as a sign of power, wealth and grandeur.
Today’s market is defined more on location and surroundings than opulence and the square meterage or outside space.
Colonial-era villas are more focused on the size of the structure rather than great gardens.
Villas on the outskirts of the major towns and cities in Cambodia typically afford the owner or occupants extensive gardens, ample parking with paved space, and multiple rooms.
A townhouse typically will deliver less space and be found closer to urban areas for convenience. However, with less land space comes plenty of living space.
Modern urban Cambodian townhouses come with elegant designs and have easy access to the CBD in towns and city centres.
Buying or Renting a Villa or Townhouse in Cambodia
Before buying or renting through Lux, we will take you through the following processes to ensure a smooth and seamless transaction.
Here are some basic steps that are involved:
Conducting a Title Search
Once we have found you your ideal property, we will help conduct a title search. The search is a standard procedure to ensure there are no encumbrances on the land or property itself. The search will also check for previous ownership.
Contact with the Local Commune Council
While the title search procedure is underway, contacting the Local Commune Council will provide further information on the property.
The procedure is more important if purchased through a company, not an individual, as it is vital to check that the person acting on behalf of the company is certified to do so at the land office.
Part of this process is obtaining a certified copy of certification from the Ministry of Commerce.
Paying the Initial Deposit
Typically, when buying a villa, you will need to prepare around 10% of the property’s value as a deposit.
Everything will have been checked and agreed upon by this stage, and Lux will assist in finalising the documentation stage. Before the property transfer, the seller must present the original title document, commonly known as a deed.
The paperwork process can usually take around a month; then, documents are prepared for signatures and submission.
Transfer Tax Payment
Once the documentation is received, it goes to the General Department of Taxation, who handle the payment.
Typically, five working days after this, the Municipal Land Office issues a title certificate in your name; however, the final ownership documentation usually follows a few weeks later.
The Cambodian market offers some of the best villas, both colonial-era and modern, anywhere in the South-Asia basin. Our experts at Lux are on hand to source to your requirements and make the process simple.
Contact us today for options and advice.
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.
