Real Estate | Property

 Cambodia Property | Property transaction total costs
 The total cost of buying and then re-selling a residential property, including all costs (except the sale price itself), expressed as percentage of the property value.
Assumptions:

The property is purchased by a non-resident foreigner in the country where he/she is buying
The property is worth US$250,000 (250,000 for Europe)
The property is [...]

Cambodia Property | Cambodia Property Tax
Income Tax
None. No income tax on rent is in practice payable by individuals.
There is a gap between pure theory and administrative practice. Income tax is in theory payable on net profits from rentals by residents on a sliding scale of 0-20%, and by non-residents at a flat rate of 20%.
However [...]

Cambodia Property | Cambodia property purchase costs
Transaction costs are moderate at 3.9% to 6.5%
How high are realtors’ and lawyers’ fees in Cambodia? What about other property purchase costs?
 

Transaction Costs

 
 
Who Pays?

Cadastral Office ‘Service Fee’
US$800 – US$1,000
buyer

Title Certificate
US$10 – US$20
buyer

Legal Fees
0.2% – 0.5%
0.2% – 0.5%
buyer
seller

Agent’s Commission
3%
seller

Transfer Tax
1.5%-2% (officially 4%)
seller

Cadastral Transfer Fee
KHR350,000 (US$83)
seller

Stamp Duty
KHR5,000 (US$1.19)
seller

Costs paid by buyer
0.2% [...]

Cambodia Property | Property purchase process in Cambodia
How difficult is the property purchase process in Cambodia?
Foreigners cannot own land in Cambodia, under Article 44 of the Constitution.
Nevertheless foreigners can establish control over land in four ways:
Land can be bought through a local company.
Land can be leased.
Acquiring Cambodian citizenship brings the right to buy land, a [...]

Cambodia Property | Cambodia Rental System Landlord and Tenant
Rents: Can landlord and tenant freely agree rents in Cambodia?
The parties to a property rental contract may freely negotiate the terms – the rent, period of lease, rental fees, other legal rights and obligations, renewal, rent increase, and the conditions for the termination of the contract.
Cambodian Laws [...]

By News Desk
Property Report Asia
Cambodia Property | Cambodia real estate sales down
Home purchases have fallen by as much as 50 percent in Cambodia in the past year, the Phnom Penh Post has reported.
With a thriving market until recently, Cambodia has now begin to experience the effects of the global economic situation as well as the [...]

PHNOM PENH (AFP)
Cambodia Property |  Foreign ownership of property considered
The Cambodian government is considering allowing foreign ownership of property such as apartments and office buildings to boost the country’s economic growth, an official said Wednesday.
Under the current rules, foreign property investments can only be made through the name of a Cambodian national, and many are [...]

By Ky Soklim
Cambodge Soir Hebdo in English
Cambodia Property | The real estate sector is in danger of collapsing
The real-estate agencies and investors will meet on Tuesday 23 September at the Ministry of Economy in order to assess the situation and supervise the sector.
The housing availability in Phnom Penh is likely to be higher than the [...]

ABC Radio Australia
Cambodia Property | New building regulations
A group of foreign developers say Cambodia’s new building regulations could stifle the Kingdom’s construction boom.
The new laws require builders to place large cash deposits with the government and apply for several additional licences before starting projects.
Shin Woo Kim, a legal adviser to the Korean Real Estate Development [...]

PHNOM PENH, Oct. 10 (Xinhua)
Cambodia Property | Cambodian property market fears crisis
Cambodia’s real estate boom maybe coming to an end, with the global financial meltdown threatening foreign investment, national media reported Friday.
“Our property markets are closely connected with the stock markets in South Korea and other Asian countries. If these markets fall, we are affected,” [...]

Written by Chun Sophal
The Phnom Penh Post
Cambodia Property | A long-term standstill expected
CAMBODIA’S sagging real estate market will not recover for two or three years, according to Hang Chuon Naron, secretary general at the Ministry of Economy and Finance
He added that the global financial crisis and the credit-fueled construction boom in Cambodia would exacerbate the [...]