Buying property in Cambodia is among the most desirable and profitable investment opportunities currently available in the country. Less known and more highly valued than its neighbors, Cambodia offers a significantly better investment climate compared to the Asian Tigers. A rapidly growing market with over 20 million inhabitants, Cambodia has a larger per capita income than Thailand, Singapore, China and India combined. Moreover, its political stability and relatively tight restrictions on foreign ownership have made it a popular destination for international investments. Property investment in Cambodia can be made possible through several means, including private commercial real estate and ownership in multi-family residential properties.
Private Commercial Real Estate: With a large number of international banks and investment companies active in Cambodia, foreigners are finding it increasingly easier to buy property or invest in businesses in this country. Foreigners who are interested in Buying property in cambodia should visit a number of financial facilitators based in the region. These companies often provide loans at favourable rates and terms to clients. Many of them offer freehold purchase and ownership in multi-family residential properties as well as freehold ownership in business properties. They also assist foreigners in registering a commercial license and obtain approval for necessary structural changes and alterations to ensure proper operation and management of the assets owned.
Multi-Family Residential Real Estate: The real estate sector in Cambodia is very attractive for investing and buying property. Foreign nationals looking to invest in Cambodia can choose from several types of multi-family residential properties such as villas, bungalows, condominiums and townhouses. Foreigners can also opt to invest in multi-unit buildings, such as cooperative apartments, townhouses and preconstruction buildings. Some of the well-known real estate companies active in Cambodia include New World Developments Limited, CTM International, Garden City Investment Corporation, and Savaria Concord.
Commercial Investment: It is also an ideal option for foreigners to invest in Cambodia. There are many opportunities in the commercial property market in Cambodia, both for foreigners and Cambodian citizens. Investors can choose from a wide variety of real estate types including hotels, shopping malls, and office space. A variety of financing options are available to suit individual investor needs and preferences.
Buying Property As a Foreign National: Even if you are just a foreigner living in Cambodia with no previous investment history, you can still buy a piece of property. Foreigners do not need to own a property before they can register a Permanent Business License and start a limited company. With this license, foreigners can carry out all the standard business operations in Cambodia even if they do not have any stake in the property ownership.
The above mentioned are just a few of the important factors that should be kept in mind while you are planning to buy property in Cambodia or anywhere else for that matter. There are many investment options available, from owning residential or commercial properties to investing in the stock market. However, if you are thinking of investing in Cambodia real estate, make sure that you do some research about the country and the economy before making an investment decision. Doing your research will help you avoid risks and ensure that you get good returns on your investment.
