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Angkor Times
Angkor TimesExperienced
Asked: June 5, 2022

12 Reasons Why Invest in Cambodia Real Estate?

12 Reasons You Should Invest in Cambodia Real Estate Cambodia has always been one of the foremost attractions in the world because of its Angkor Wat. Furthermore, there are many various reasons Angkor Wat brings in so much money to Cambodia’s ...Read more

12 Reasons You Should Invest in Cambodia Real Estate

Cambodia has always been one of the foremost attractions in the world because of its Angkor Wat. Furthermore, there are many various reasons Angkor Wat brings in so much money to Cambodia’s real estate. Here are some points to bear in mind if you are interested in Cambodia’s real estate.

Real estate in Cambodia is growing, adding to the economy. That’s why Cambodia is known as a land for real estate investors. Numerous foreign investors come from abroad to invest in the real estate market in Cambodia. Even some international businesses started to open their businesses there.

12 Reasons Why Invest in Cambodia Real Estate 2022
12 Reasons Why Invest in Cambodia Real Estate? 12 Reasons You Should Invest in Cambodia Real Estate Cambodia has always been one of the foremost attractions in the world because of its Angkor Wat.

1. A Politically Stable Country

Cambodia’s government is focusing on ensuring the stability of its politics. The MPs, ministers, and other authorities are working together in an effort to advance this Southeast Asian nation. Nowadays, Cambodia is a fast-expanding economy region. Here, you can enjoy a wide range of public and private sector services.

2. GDP Growth

Cambodia has seen the course of its long-term economic growth significantly improve over the past few years, overtaking its neighbours. The GDP growth rate of the country is 7.1 % (as of 2019).

A booming economy is necessary to have a sound real estate sector. That’s where Cambodia ‘s economy is flourishing. The GDP of this country skyrocketed by 6.9% last year. It has been many years devoid of the nation encountering a financial crisis.

3. Land Price Is Rising

Cambodia’s real estate market has been steadily growing in recent times, and it will only increase in popularity in the coming year. This is due to the fact that the increase in property values represents a growing demand for real estate. For this reason, foreign and domestic investors are flocking to Cambodia to take advantage of the available real estate.

4. Property Ownership

Foreigners can own a property on the 1st floor or above in a condominium or apartment, and a real estate certificate must be obtained from authorities when holding ownership property.

A foreign national who has enrolled in a Cambodian hospital proceeding (legal) may own up to 49% of their property if they are in partnership with a Cambodian citizen who has more than 51% of Cambodian shares.

5. Dollarized Economy

The US-China trade war impacted the global economic picture a lot. And that’s where Cambodia was highly benefited. China started to rely on this country as a trading base. Consequently, Cambodia can develop its power as an exporter. Since then, the dollar economy of this country has been creating a sense of security for real estate investors. It denotes a stable monetary policy.

6. Strategic Location

Well, the strategic location of this country has turned it into a desirable location for foreign investors. Vietnam, Thailand are sharing their land and sea border together with Cambodia, and this country is also nearby India, China, and the fastest growing economies.

7. Improved Transportation Facility

In this country, all the key roads and bridges linked to neighbouring countries have been upgraded. The rail system has also been improved a lot. The government is collaborating with China to expand and modernise the seaport. This country already has three international airports.

8. Presence of International Groups

Real estate companies in Cambodia are investing a large part of their capital in real estate. A major international school situated in Phnom Penh is expanding its grounds, too. Cambodia is currently a member of WTO and ASEAN. Additionally, it’s a part of the One Belt One Road project.

9. The Best Investment Destination

According to Bloomberg, China is going to continue investing more and more in Cambodia real estate. In addition, several companies from other countries are interested in Cambodian real estate. In 2018, China invested somewhere in the vicinity of $7 billion for creating various projects and infrastructure.

10. Tourism Is Growing

Cambodia is very ambitious in its efforts to make a tourist-friendly country. Cambodia’s government still puts plenty of resources into making this country appealing for tourists. In Phnom Penh, you’ll no doubt discover a significant cluster of fashionable villas available to rent. On a positive note, Cambodia is expecting 12 million tourists by 2025. And a lot more tourists would understand the Cambodia real estate market.

Based on the tourism statistics report of December 2019, the top 10 visitors from Bochum were China (ranked first), Vietnam, Thailand, Korea, the USA, Japan, Malaysia, France and the United Kingdom. In Cambodia, the international business trips went up 100% in 2019.

11. Property Taxes

Following the Cambodian property tax structure, only 0.1% of the properties that have worth over $100 million KHR ($25,000) are subject to tax. This makes investing easy for investors in Cambodia.

12. Young Population

Despite having an average age of 27 years old, the young population also contributes to Cambodia’s economic development. Cambodia, as the Southeast Asian nation with the greatest labour force rate, also attracts a number of foreign investors from mainland China, Hong Kong, and Singapore due to its low labour cost.

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SOVANN
SOVANNExperienced
Asked: May 4, 2021In: Make Money

How do real estate agents make money in Cambodia?

If you’re in the market to buy or sell a home, odds are you’ll work with a real estate agent to help you through the process. Most make money through commissions based on a percentage of a home’s selling price. How much ...Read more

If you’re in the market to buy or sell a home, odds are you’ll work with a real estate agent to help you through the process. Most make money through commissions based on a percentage of a home’s selling price.

How much money agents make each year depends on a number of factors, including the number of transactions they complete, the commissions they bring in, and the agent’s split with their sponsoring broker. Here’s a rundown of how real estate agents get paid—and how much they make.

Cambodians live in a very unique economy. This is a case where the “laws of the jungle” are not necessarily to be followed or appreciated. They may be true for many areas around the world, but Cambodia offers an extremely unique set of rules, which makes real estate agents a very profitable line of business.

Agents in Cambodia make a lot of money. From buying and selling houses and apartments to renting them out, they can be very successful in the Cambodian real estate market. This article will look at how agents are able to make a living in Cambodia, and we will take a look at some of the opportunities that are available for them:

1. Commission Based

Some real estate agents are actively promoting and selling real estate or properties of other real estate developers. They get paid by commissions when properties get sold. For example, if a unit of condo is sold, they may get up to 20% to 30% of the total price of that condo. Let’s say a unit of condo is sold for $39000, 20% commissions of $39000 then $7800 or 30% commissions of $39000 then $11700.

2. Salary Based

Some real estate agents work with read estate developers to get salary. They work really hard to promote their real estate developers ‘properties (cond0s, flophouse, villas, land) to get monthly salary. However, if they have sold a lot of properties each month, they will quickly get promoted the position and get more incentive based on the hard work and result. They might get salary range from $500 to $1500 per month based on the position whey are in.

3. Real Estate Brokers

Some real estate agents have working as the real estate brokers. They buy properties from the real estate developers to sell it for themselves. This way they can work for themselves and get high income if their properties have sold. Real estate brokers don’t own any property, they work very smart as they buy properties with cheap price from the property developers after that put it on sale in high price. They’re repeatedly doing this to make profits. 

How do real estate agents make money in Cambodia?

How do real estate agents make money 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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Angkor Times
Angkor TimesExperienced
Asked: January 7, 2021In: Make Money

Which institution mediates and resolves disputes in the real estate sector in Cambodia?

Disputes between real estate developers and buyers regarding real estate purchase contracts may be the subject of mediation and conciliation by the Ministry or Department. The Ministry or the Department of Mediation and Dispute Resolution at the request of the ...Read more

Disputes between real estate developers and buyers regarding real estate purchase contracts may be the subject of mediation and conciliation by the Ministry or Department. The Ministry or the Department of Mediation and Dispute Resolution at the request of the parties within 2 (two) months at the latest.

Dispute resolution can lead to the signing of a conciliation agreement, which must be signed by the parties to the dispute and recognized by the department or department. The conciliation agreement has immediate effect on both parties.

Disputing parties who are dissatisfied with the decision or other measures of the Ministry or the Department have the right to file a complaint to the Legislative Council of the Ministry of Economy and Finance Objects before enforcing a lawsuit to court, except in criminal cases.

The Legislative Council of the Ministry of Economy and Finance shall resolve the complaint within 90 working days after receiving the complaint or within an appropriate period. In resolving disputes, the Legislative Council of the Ministry of Economy and Finance may invite the parties to the dispute to ask questions or provide evidence as necessary.

Which institution mediates and resolves disputes in the real estate sector in Cambodia

Which institution mediates and resolves disputes in the real estate sector in Cambodia

Decisions on dispute resolution shall be made in writing, stating the facts, reasons and conclusions. In case of dissatisfaction with the decision of the Legislative Council, the parties to the dispute may file a complaint to the competent court in accordance with the provisions in force.

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Angkor Times
Angkor TimesExperienced
Asked: January 7, 2021In: Make Money

Why the western part of the Phnom Penh is becoming the next target for mid-range housing development?

After north and south of Phnom Penh, which has been heavily influenced by residential investment and development projects, some developers are now starting to look back at the western part of the city, along with targeting their markets. Well. The western ...Read more

After north and south of Phnom Penh, which has been heavily influenced by residential investment and development projects, some developers are now starting to look back at the western part of the city, along with targeting their markets. Well.

The western part of Phnom Penh includes Phnom Basit area in Prek Pnov district, some areas in Udong district, Kampong Speu province and some areas in Ponhea Leu district, Kandal province.

Mr. Man Chandy, General Director of Premium Group, said this morning, January 7, 2021, that for the development and construction of medium-sized housing in the north and south of Phnom Penh will continue. In the long run, until about 3-5 years later.

Why the western part of the Phnom Penh is becoming the next target for mid-range housing development

Why the western part of the Phnom Penh is becoming the next target for mid-range housing development

He added that the above construction activities are the developers have bought land to develop their projects a few years ago, while land prices are still low and now continue to build old projects that have not been. “Only finished.” “From now on, if developers are asked to buy more land in the north or south for the construction of mid-range housing, the market supply may no longer exist because the price of land in this area has already gone up,” he said. “It does not favor investment and development opportunities.”

Mr. Man Chandy said that developers are now looking to the west of Phnom Penh because there is still a lot of vacant land, cheap and there are many government-initiated infrastructure development projects. .

“Land prices in the western part of Phnom Penh are low, which favors investment and development,” he said. “Whether on the side of National Road 5 in Ponhea Leu district, Kandal province, in some areas in Udong district, Kampong Speu province, near National Road 51, or in the central area near Phnom Basit and near Boeung Ta Mok in Prek Pnov district, there are many development projects.” “These areas are suitable for the development of the medium and sub-medium-scale housing sector, as the average land price in areas that should be invested and developed is in the range of $ 30-40 per square meter, which is a favorable price,” he said. For the benefit of developers.

The president of the Cambodian Association of Appraisers and Realtors, Chrek Soknim, said that usually when the metropolitan area is filled with development projects, including large and small buildings, it will be pushed out to the area. Next to each other. In particular, for housing development, as more and more areas are filled, prices will automatically rise, so investors as well as developers must turn to areas that have the potential to inspire. The market has been and is easy to get a return on investment.

“In the western part of the city, there are a lot of residential development projects that will appear there, including condominiums and townhouses, but for the most part, only affordable housing,” he said. .

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