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Angkor Times Latest Questions

SOVANN
SOVANNExperienced
Asked: November 22, 2020

What Is A Good Salary In Cambodia?

Average salary in Cambodia is KHR 95,408,065 (US$ 23,704). Detailed salary report based on career, education, experience, gender, age etc. Advanced 2019/20 Survey.  How Much Money Can You Make Teaching English in Cambodia? Like all teach abroad destinations, your salary will vary ...Read more

Average salary in Cambodia is KHR 95,408,065 (US$ 23,704). Detailed salary report based on career, education, experience, gender, age etc. Advanced 2019/20 Survey.

 How Much Money Can You Make Teaching English in Cambodia?

Like all teach abroad destinations, your salary will vary depending on how much experience you have and where you end up teaching. As a baseline, an inexperienced teacher in Cambodia can expect to make $1,000 – $1,200 per month teaching English in Cambodia . A typical hourly rate for ESL teachers in Cambodia is $10 – $12 per hour. More experienced teachers, and those working in international schools in Cambodia can expect to to make more than that.

Source: gooverseas.com

Private Schools: $1,000 – $1,200 USD per month

While it’s almost impossible to get a job at a public school, many private primary, middle, and high schools will hire a foreign teacher for the year. This type of job is most common in Phnom Penh, but may be found in other cities like Siem Reap and Sihanoukville. Private schools typically meet from 8am – 11am, and then reconvene from 2pm – 4pm after a long lunch break.

Most inexperienced teachers tend to earn between $1,000 – 1,200 USD per month, which is more than enough to cover the low living costs of Cambodia and have a bit left over for travel. Teachers with a TEFL certificate or years of experience can expect to earn a anywhere from a hundred to a few hundred dollars more per month.

While you can find a job online before you come on teaching job boards , most schools prefer to hire foreign teachers who are already in Cambodia. This also helps you decide if the school is a good fit, and will allow you to negotiate your salary in person.

Source: gooverseas.com

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SOVANN
SOVANNExperienced
Asked: November 22, 2020In: Money

How to acquire a title when buying a condo in Cambodia?

When it comes to buying a property in Cambodia, there are four title types: soft, hard, strata, and LMAP. Most foreigner buyers will hold strata title as it’s awarded to condo units, playgrounds, swimming pools, and other similar properties. But if ...Read more

When it comes to buying a property in Cambodia, there are four title types: soft, hard, strata, and LMAP. Most foreigner buyers will hold strata title as it’s awarded to condo units, playgrounds, swimming pools, and other similar properties.

But if the condo building has a strata title already, you can apply for a soft title. These titles are recorded on the local level only but it’s widely recognized and preferred by unit owners.

Soft titles allow easier transfer of property. However, you can’t secure a mortgage under this title. It’s best that you acquire a hard title instead.

Hard titles offer better protection on your ownership of the property. Although it’s not easy to acquire, the hassle is totally worth it.

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SOVANN
SOVANNExperienced
Asked: November 22, 2020

Should you move to Cambodia?

Phnom Penh is one of the best values for money in Southeast Asia. The cost of living in Cambodia has never been better. It is a city primed for opportunity and will best be enjoyed by those with an adventurous ...Read more

Phnom Penh is one of the best values for money in Southeast Asia. The cost of living in Cambodia has never been better. It is a city primed for opportunity and will best be enjoyed by those with an adventurous spirit and open mind looking to immerse themselves in a new culture, while still enjoying many comforts of the western world.

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SOVANN
SOVANNExperienced
Asked: November 22, 2020In: Money

Is it safe to buy property in Cambodia?

In short, yes. Buying a condo unit from a reputable developer requires less work and is generally safer compared to buying a property through a holding company or a local nominee. With that said, Cambodia has favorable ownership regulations and ...Read more

In short, yes. Buying a condo unit from a reputable developer requires less work and is generally safer compared to buying a property through a holding company or a local nominee. With that said, Cambodia has favorable ownership regulations and foreigners can get hold off freehold property, having total control of their properties.

It’s important to do thorough due diligence whatsoever, to avoid future disputes and that the property has mortgages or other liens tied to it.

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SOVANN
SOVANNExperienced
Asked: November 22, 2020In: Money

What are the risks of buying property in Cambodia?

Phnom Penh’s condo market has been volatile and in a bubbly phase, mainly due to speculation and high supply. ...Read more

Phnom Penh’s condo market has been volatile and in a bubbly phase, mainly due to speculation and high supply.

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SOVANN
SOVANNExperienced
Asked: November 22, 2020In: Money

Can Australians buy property in Cambodia?

Australians are treated in the same way as other foreigners and have no issues buying strata-titled (condominium) units without the need of setting up holding companies or to partner with local nominees. Read more

Australians are treated in the same way as other foreigners and have no issues buying strata-titled (condominium) units without the need of setting up holding companies or to partner with local nominees.

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SOVANN
SOVANNExperienced
Asked: November 22, 2020

What is the Real Cost of Living in Cambodia?

(All money in USD) Stevo and I earn less than $35,000 combined annually. We recently moved to a 1-bedroom apartment in a western-style building east of the Russian Market, one of the more popular expat areas. For us, the cost of ...Read more

(All money in USD) Stevo and I earn less than $35,000 combined annually. We recently moved to a 1-bedroom apartment in a western-style building east of the Russian Market, one of the more popular expat areas.

For us, the cost of living in Cambodia is pretty cheap. We only pay $400 per month in rent (including utilities) plus $50-$80/month for electricity. Our rent includes housekeepers who come twice a week.

Previously we lived in a 3-bedroom Cambodian style apartment for $350 per month on the west side of the Russian Market. There we paid $75-100 for utilities (trash collection, internet, water, electricity) and $40 for a housekeeper who came twice per week.

We eat at restaurants about four to five times per week ($5-15 per meal for two). Cooking a majority of our meals at home with produce bought from a local outdoor market in Phnom Penh and meat from “western-style” grocers helps to keep our cost of living in Cambodia down.

We go to events around the city several nights per week. We both go to a gym in Phnom Penh. Stevo does cross-fit , and I do yoga . If you’re looking for a cinema, Phnom Penh has many to offer. From laidback independent movie houses to one of the few 4DX screens in the world, you’ll definitely be able to get your movie fix.

Because of the cheap cost of living in Cambodia, we can afford to travel around Cambodia about once per month to Kampot, Sihanoukville, Siem Reap, and other provinces in Cambodia.

We have taken trips around the region to Thailand Myanmar Vietnam Malaysia , the Philippines Singapore Taiwan , and Laos , and are planning for more international travel.

We live better and feel happier than we did back in our hometown in southern California. Our life in Phnom Penh is simple, fulfilling, and never dull.

Eating deep-fried tarantulas, some of the best food in Phnom Penh, at Romdeng , one of our favorite restaurants.

What is the Real Cost of Living in Cambodia?

What is the Real Cost of Living in Cambodia?

Source: twocantravel.com

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SOVANN
SOVANNExperienced
Asked: November 22, 2020

Where to live in Phnom Penh?

Phnom Penh is divided into districts. A majority of expats live in BKK 1, 2 or 3, Russian Market, or by the Riverside. BKK 1 and 2 tend to be more expensive with restaurants, bars, and shops geared toward expats. ...Read more

Phnom Penh is divided into districts. A majority of expats live in BKK 1, 2 or 3, Russian Market, or by the Riverside. BKK 1 and 2 tend to be more expensive with restaurants, bars, and shops geared toward expats. BKK 3 (near the Tuol Sleng Genocide Museum) and the Russian Market have a good blend of western and local amenities.

The Riverside area tends to be crowded with tourists and can feel seedy due to the lady bars and nightclubs in the area. However, it is close to many restaurants, shops, and attractive tourist sites.

Another area of the city growing in popularity with expats is Tuol Kork, located 20-30 minutes from downtown. Phnom Penh is expanding outward, and the further outside the city center you go, the lower your cost of living in Cambodia is going to be.

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SOVANN
SOVANNExperienced
Asked: November 22, 2020In: Money

Can foreigners buy property in Cambodia?

Buying Property in Cambodia: The Definitive Guide Do you plan to buy property in Cambodia? It’s also the last frontier country in Southeast Asia where it’s comparatively easy to start a business. With that said, being a developing country, things are done differently ...Read more

Buying Property in Cambodia: The Definitive Guide

Do you plan to buy property in Cambodia?

It’s also the last frontier country in Southeast Asia where it’s comparatively easy to start a business.

With that said, being a developing country, things are done differently compared to what many foreigners are used to.

Before you engage in Cambodia’s property market, it’s important that you learn about ownership regulations, property options available, where you should buy property, and more.

Source: asiapropertyhq.com

Can foreigners buy property in Cambodia?

Cambodia’s property ownership regulations are similar to those in Thailand and many other Southeast Asian countries. Here, foreigners can only get freehold ownership of strata-titled properties (mostly condos) and aren’t allowed to own land.

Similar regulations apply in the Philippines, Vietnam, and Thailand, just to give you some examples. As read in Article 16, “Amended Law on Investment”, persons with Cambodian citizenship or Cambodian entities have legal rights to own land.

It’s simple as that. But there are ways for foreigners to buy and at least control land.

Source: asiapropertyhq.com

Buying Land in Cambodia

You can buy land in four different ways in Cambodia. The process is not risk-free, nor easy if you’ve never engaged in the Cambodian property market.

Therefore, I highly recommend you to hire a reputable property lawyer and real estate agent earliest possible that can guide you through the buying process.

Let’s look at the four different options you have when buying land as a foreigner.

Source: asiapropertyhq.com

1. Buying Land Through a Cambodian Company

This is probably the safest option to buy land in Cambodia. It’s recommended in many other countries, including Indonesia . Bear in mind that the process to set up a company does require a bit of capital and time.

As foreigners can only own 49% of company shares, assure that you set up the company with partners you trust.

Despite being a minority shareholder of the company, you will be able to control the ownership of the property by using different contractual setups.

It’s crucial to do due diligence and appoint a property lawyer to help you through the process.

Source: asiapropertyhq.com

2. Setting up a Leasehold Agreement

Foreign investors can lease land for a period of 15 to 50 years.

Sometimes, you’ll be able to extend the lease up to 50 years. If the state owns the land, the maximum lease period is 40 years.

Keep in mind, one of the most important tasks to manage before entering a leasehold agreement with a landowner is to check the title.

The title includes information about:

Your rights to control the property

Your rights to sell or rent out the property

If there are any encumbrances or mortgages since previous ownership

Source: asiapropertyhq.com

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SOVANN
SOVANNExperienced
Asked: November 22, 2020

What it Costs to Live in Cambodia?

If you’re tired of spending everything you earn on the monthly bills, you could chop them by a huge percentage if you went to live in Cambodia. How do these expenses for living in Cambodia compare to yours? A 2-bedroom apartment with ...Read more

If you’re tired of spending everything you earn on the monthly bills, you could chop them by a huge percentage if you went to live in Cambodia.

How do these expenses for living in Cambodia compare to yours?

A 2-bedroom apartment with a pool in the capital city for $500, a $5 massage for an hour, a full-time nanny or housekeeper for $120 a month, meals out for $2, taxis for a dollar or two.

A while back I put out a book on cutting your expenses in half by moving abroad Get it here ) In the course of that, I interviewed loads of expats living in different countries. If you pinned me to the wall and said I had to tell you which country was the absolute cheapest place to live in Southeast Asia, Cambodia would be the answer. It’s one of the cheapest places to live in the world really, edged out by just a few. If you’re earning a couple grand in passive income, this could be your spot for a four hour work week

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