MikeD wrote: ↑Sun Apr 12, 2020 6:24 pm Hello Expats, Friends and the like: I want to clarify that you can make "special arrangements" if you buy the flat from someone you know even thought the law precludes ownership of non Khmer citizens. I know this option has been exercised before. You just have to secure the ownership of your flat with a side collateral against the main owner.

However I am more interested in whether to A) rent indefinitly, B) buy or C) use AirBnB option based on what I wanted to do. Furthermore, I wanted a Western style property - a bathroom with a separate toilet, shower/tub, A/C unit, etc.

MikeD wrote: ↑Sat Apr 11, 2020 9:17 pm Hello Expats and the like.
First, I hope you are WELL and SAFE from COVID 19.
I want to find some reliable, reputable, local contacts to help me buy a flat in PP. You know how the locals value the ground floors for business reasons? Well, sometimes they have an excess floor above they want to rent or sell. I have some questions about that and want to know what your thoughts are:

1. How much this one floor ownership option would cost in the Deun Penh or Riverside area compared to just renting it?

2. Where is the best place to look for these kinds of lower cost arrangements? Do you know anyone or websites in particular that offer these options?

3. I am buying to let friends and relatives stay while I am not there. Prefer a two bedroom configuration with a bathroom, kitchen space, etc. You know the things that a New Yorker would want.

4. If you can help, post here, pm me, OR better yer send me your number to chat on Whatsapp. Thanks in advance...MikeD

michael.stewart1 wrote: ↑Mon Apr 13, 2020 10:44 am You can always renew the lease after the 100 years if you need to.

michael.stewart1 wrote: ↑Mon Apr 13, 2020 10:44 am

MikeD wrote: ↑Sat Apr 11, 2020 9:17 pm Hello Expats and the like.
First, I hope you are WELL and SAFE from COVID 19.
I want to find some reliable, reputable, local contacts to help me buy a flat in PP. You know how the locals value the ground floors for business reasons? Well, sometimes they have an excess floor above they want to rent or sell. I have some questions about that and want to know what your thoughts are:

1. How much this one floor ownership option would cost in the Deun Penh or Riverside area compared to just renting it?

2. Where is the best place to look for these kinds of lower cost arrangements? Do you know anyone or websites in particular that offer these options?

3. I am buying to let friends and relatives stay while I am not there. Prefer a two bedroom configuration with a bathroom, kitchen space, etc. You know the things that a New Yorker would want.

4. If you can help, post here, pm me, OR better yer send me your number to chat on Whatsapp. Thanks in advance...MikeD

What I would do in your case would be to contact properties in the location you are interested in and ask them if they can rent you the property with a 100 year lease that is assignable or transferable. Then you basically own the property for 100 years. Foreigners cannot own land in Cambodia but there are no laws stating that you cannot rent it. This is what alot of people in China would do. In China you are not allowed to own property but you can buy the right to use the property which is basically rent. In Cambodia it would be similar. If i wanted to start a Cocoa plantation in Ratanakiri I would just find a person who would be willing to lease the land to me for 100 years and I am good to go. You can always renew the lease after the 100 years if you need to.

armchairlawyer wrote: ↑Mon Apr 13, 2020 10:48 am

michael.stewart1 wrote: ↑Mon Apr 13, 2020 10:44 am You can always renew the lease after the 100 years if you need to.

I like that idea. Let me run that by the Grim Reaper.

canucklhead wrote: ↑Mon Apr 13, 2020 10:58 am

michael.stewart1 wrote: ↑Mon Apr 13, 2020 10:44 am

MikeD wrote: ↑Sat Apr 11, 2020 9:17 pm Hello Expats and the like.
First, I hope you are WELL and SAFE from COVID 19.
I want to find some reliable, reputable, local contacts to help me buy a flat in PP. You know how the locals value the ground floors for business reasons? Well, sometimes they have an excess floor above they want to rent or sell. I have some questions about that and want to know what your thoughts are:

1. How much this one floor ownership option would cost in the Deun Penh or Riverside area compared to just renting it?

2. Where is the best place to look for these kinds of lower cost arrangements? Do you know anyone or websites in particular that offer these options?

3. I am buying to let friends and relatives stay while I am not there. Prefer a two bedroom configuration with a bathroom, kitchen space, etc. You know the things that a New Yorker would want.

4. If you can help, post here, pm me, OR better yer send me your number to chat on Whatsapp. Thanks in advance...MikeD

What I would do in your case would be to contact properties in the location you are interested in and ask them if they can rent you the property with a 100 year lease that is assignable or transferable. Then you basically own the property for 100 years. Foreigners cannot own land in Cambodia but there are no laws stating that you cannot rent it. This is what alot of people in China would do. In China you are not allowed to own property but you can buy the right to use the property which is basically rent. In Cambodia it would be similar. If i wanted to start a Cocoa plantation in Ratanakiri I would just find a person who would be willing to lease the land to me for 100 years and I am good to go. You can always renew the lease after the 100 years if you need to.

Ummmm sorry how long have you lived here?
Always lots of advice from those who dont own anything in Cambodia. I have bought, renovated and sold several flats here in PP and always made profit. Check khmer24 website for flats for sale. There are plenty of them available in the areas you want. The inner city upper floors are easy and cheap to renovate and bring up to western standards. Of course the best way is to be here on the ground. Imho most of the real estate agents here are a waste of time.
Pm me if you like.

canucklhead wrote: ↑Mon Apr 13, 2020 10:58 am

michael.stewart1 wrote: ↑Mon Apr 13, 2020 10:44 am

MikeD wrote: ↑Sat Apr 11, 2020 9:17 pm Hello Expats and the like.
First, I hope you are WELL and SAFE from COVID 19.
I want to find some reliable, reputable, local contacts to help me buy a flat in PP. You know how the locals value the ground floors for business reasons? Well, sometimes they have an excess floor above they want to rent or sell. I have some questions about that and want to know what your thoughts are:

1. How much this one floor ownership option would cost in the Deun Penh or Riverside area compared to just renting it?

2. Where is the best place to look for these kinds of lower cost arrangements? Do you know anyone or websites in particular that offer these options?

3. I am buying to let friends and relatives stay while I am not there. Prefer a two bedroom configuration with a bathroom, kitchen space, etc. You know the things that a New Yorker would want.

4. If you can help, post here, pm me, OR better yer send me your number to chat on Whatsapp. Thanks in advance...MikeD

What I would do in your case would be to contact properties in the location you are interested in and ask them if they can rent you the property with a 100 year lease that is assignable or transferable. Then you basically own the property for 100 years. Foreigners cannot own land in Cambodia but there are no laws stating that you cannot rent it. This is what alot of people in China would do. In China you are not allowed to own property but you can buy the right to use the property which is basically rent. In Cambodia it would be similar. If i wanted to start a Cocoa plantation in Ratanakiri I would just find a person who would be willing to lease the land to me for 100 years and I am good to go. You can always renew the lease after the 100 years if you need to.

Ummmm sorry how long have you lived here?
Always lots of advice from those who dont own anything in Cambodia. I have bought, renovated and sold several flats here in PP and always made profit. Check khmer24 website for flats for sale. There are plenty of them available in the areas you want. The inner city upper floors are easy and cheap to renovate and bring up to western standards. Of course the best way is to be here on the ground. Imho most of the real estate agents here are a waste of time.
Pm me if you like.

Kuroneko wrote: ↑Mon Apr 13, 2020 10:31 am

MikeD wrote: ↑Sun Apr 12, 2020 6:24 pm Hello Expats, Friends and the like: I want to clarify that you can make "special arrangements" if you buy the flat from someone you know even thought the law precludes ownership of non Khmer citizens. I know this option has been exercised before. You just have to secure the ownership of your flat with a side collateral against the main owner.

However I am more interested in whether to A) rent indefinitly, B) buy or C) use AirBnB option based on what I wanted to do. Furthermore, I wanted a Western style property - a bathroom with a separate toilet, shower/tub, A/C unit, etc.

Rent indefinitely and get a fully serviced apartment. Here is a good deal http://www.mekong-gardens.com/index.php?page=pro When this place was built about 10 years ago I was going to buy, but decided to rent. The apartment is cleaned/serviced twice a week and any problems with appliances, furnishings etc get fixed, or replaced immediately. Has good secure parking, amenities, pool, sauna, gym etc. and quiet location about ten minutes from town.