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Angkor Times Latest Questions

Angkor Times
Angkor TimesExperienced
Asked: January 15, 2021In: Make Money

In 2021, which provinces should you invest land in and why?

In 2021, the effects of the economic crisis caused by Covid 19 will not be over, but hopes have been fulfilled as the land acquisition trend has begun. Where should investors invest in land other than Phnom Penh?  There is a ...Read more

In 2021, the effects of the economic crisis caused by Covid 19 will not be over, but hopes have been fulfilled as the land acquisition trend has begun.

In 2021, which provinces should you invest land in and why

In 2021, which provinces should you invest land in and why

Where should investors invest in land other than Phnom Penh?  There is a lot of opportunity to increase the price due to many reasons and favorable factors.

These provinces are located in the coastal and lowland areas of the country, such as:

  1. Kampot

Due to the special infrastructure, National Road 3 will be completed this year with favorable geographical factors, combined with local infrastructure such as the new Kampot tourist port, cargo port, smart city development project at the foot of Bokor Mountain and investment projects. More leisure homes, such as Kampot Thansur, projects along the Kampot canal, will encourage investment from local investors, which will automatically increase land flow.

In the next few years, Kampot will have a 45-storey twin business center will appear, which will take the province to a new level in the field of trade and commerce.

2. Koh Kong

The province is a bit far, but in the future, the distance will be shortened as Darasakor International Airport will be completed and put into operation by the end of this year.

In addition, the first deep-sea port project in Koh Kong province, the expansion of National Road No. 48 and the construction of National Road No. 10 connecting Samlot district, Battambang province to Pursat province before connecting with Koh Kong province will increase investment in this province. This will increase land prices and land swaps, especially in the Trapeang Rong area, such as Jiphat Tatai.

Development of Trapeang Rong area because this area is full of natural resources that are beautiful and an attractive tourist attraction, especially this area has 6 months of salt water and 6 months of fresh water in each year cycle.

3. Mondulkiri

The development plan of the inter-ministerial government, under the leadership of the Ministry of Tourism, will turn Mondulkiri into a high-level leisure destination and a multi-purpose economic zone, especially the construction of a regional or international airport, which will begin later this year. After the government allowed Powerchina Group to study and invest in BOT.

The government plans to turn the province into a flower and vegetable growing area to supply tourists across the country due to the quality of the soil, air and favorable weather conditions.

4. Kandal

Due to its geographical location around Phnom Penh, Kandal is still a potential province because it is an area that is easily affected by the development of Phnom Penh.

Kandal Province Although Cambodia as well as the world have been affected by the global economic crisis, the province is still thriving and land exchange activities and land prices continue to rise due to the many infrastructure connected to the province, such as the Third Ring Road project 4 New Phnom Penh International Airport.

5. Kampong Speu

Kampong Speu is also a province that has emerged in recent years due to government policies, especially the relocation of factories from Phnom Penh to this province, especially the area of ​​National Road 41 and National Road 51.

Kampong Speu also has plans to develop many new factories, especially in provinces with major national roads.

Invest land in Cambodia

Invest land in Cambodia

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SOVANN
SOVANNExperienced
Asked: January 12, 2021In: Make Money

Is Buying Real Estate in Cambodia Safe?

In a word, yes. Foreigners enjoy freehold ownership and total control over their properties if things are done correctly. Yet it’s important, especially for soft title properties, to speak with the neighbors and look at the land office’s public record. Make ...Read more

In a word, yes. Foreigners enjoy freehold ownership and total control over their properties if things are done correctly.

Yet it’s important, especially for soft title properties, to speak with the neighbors and look at the land office’s public record. Make certain there are no other claims over the property you’re buying.

Although rare, it’s not unheard of for people to sell properties that are mortgaged or otherwise disputed. This can be easily avoided with proper due diligence.

It’s also important to remember that foreigners cannot own soft title or hard title properties in their own name legally – only strata titles.

If you don’t wish to incorporate and form a real estate holding company, your sole option is to find a local nominee to hold the property on your behalf and bind him/her down with several contracts. That would require help from an attorney.

Buying Real Estate in Cambodia Safe

Buying Real Estate in Cambodia Safe

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aalan
Angkor Times
Angkor TimesExperienced
Asked: January 6, 2021In: Make Money

What is Public Housing?

Public housing is a form of tenure in which the property is usually occupied by a local or state government authority. At the same time, it is also the most affordable accommodation for the poor, the elderly, and the disabled. According ...Read more

Public housing is a form of tenure in which the property is usually occupied by a local or state government authority. At the same time, it is also the most affordable accommodation for the poor, the elderly, and the disabled.

What is public housing

What is public housing?

According to Home Guides SF Gate, there are currently more than 1.2 million households living in public housing units, which are managed by more than 3,000 different housing agencies.

Advantages and disadvantages of public housing

1) Rental price below market value

Advantages: Provides affordable and affordable accommodation for the elderly, low-wage workers, including the disabled.

Disadvantages: Low rents can have a negative impact on the community, as more people can afford to live in such housing, they pay less for rent and less tax revenue.

2) Maintaining security and property

Advantages: Residents of public housing receive a number of benefits, such as child protection, government cleaning and property protection, and safety measures such as 24-hour security.

Disadvantages: These measures do not reduce the high crime rate. The report by the Institute for Housing Policy and Public Safety also found evidence of social consequences, such as declining quality of education, rising rates of drug-related crime and negative health outcomes. Violence and lack of privacy due to overcrowded conditions are also a concern.

3) Land and resource use

Advantages: Public housing makes the use of land and town resources more economical and has a positive effect on community work. The construction of public housing in a particular area is of great benefit to the local construction and maintenance industry, increasing employment opportunities and income in the area.

Disadvantages: Chances of loss or decline in land prices.

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SOVANN
SOVANNExperienced
Asked: November 22, 2020In: Make Money

Can foreigners buy Cambodian property?

As you already understood the best way to have a high income is to buy a property, but can a non-resident or a foreigner buy a property in Cambodia and make money? Cambodia not only allows foreign investment, but also encourages ...Read more

As you already understood the best way to have a high income is to buy a property, but can a non-resident or a foreigner buy a property in Cambodia and make money?

Cambodia not only allows foreign investment, but also encourages them, perhaps more than anywhere else in Southeast Asia. Creating almost any type of business with 100 percent foreign ownership is easy.

An annual multiple entry visa costs $ 250 and is issued in a few days. Staying in Cambodia with a long-term visa is simple and cost-effective. For property buyers, foreigners may be entitled to own condominium apartments on their own behalf. The general consensus is that new condominium buildings are overrated.

You can often find the best deals in old apartment shops left over from colonial times. Land with development potential is also promising for active investors. However, for these two types of real estate, everything is becoming more difficult, since foreigners cannot directly own anything other than a condominium.

A land holding is more legally protected, but requires annual license fees and monthly tax returns. Profits can be worth the extra effort and expense if you buy property on a larger scale in Cambodia.

In addition to title rights, another feature on the Cambodian real estate market is the distinction between “hard rights” and “soft rights”. Both grant you the legal status of unconditional ownership and must belong to either a Cambodian person or a Cambodian company.

“Hard rights” are registered through the land registry of the national government and give property owners an undeniable right. Soft Rights are instead registered through the local government. “Soft”, at least theoretically, are not as iron as “hard.” In fact, more than 90 percent of real estate in Cambodia belong to “soft rights.” And they serve as legal, government-recognized proof of ownership. Soft are strong enough. Therefore, almost any local bank will accept them as collateral for a secured loan.

Most Cambodians even prefer soft-property because the transfer fee is much lower.

Not only this, but also the local government spends much less time processing information than the national government. Everything can be solved in a few days, not months – which makes life especially easy.

With that said, due diligence is a good idea. Real estate investors often hire a lawyer. To talk with neighbors, view the land registry. And make sure that the seller of real estate with “soft law” is truly the true owner and does not have burdens.

Source: adamfayed.com

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