pissontheroof wrote: ↑Fri Nov 24, 2023 10:19 am

Kammekor wrote: ↑Fri Nov 24, 2023 9:19 am

rogerrabbit wrote: ↑Thu Nov 23, 2023 9:06 pm

Tax for rentals is 14% for foreigners and 10% for locals. Capital gains tax (20%) you pay if you sell your unit and get profit from it.

I looked it up, and you're right, 10% is what I was quoted by an accountant last Sept.

Are there any other worthwhile investments here an old guy can do for a minor motherless child ?
Now I got a fixed deposit in a joint named account for the little bugger but cambrodian rules say
cambrodians don’t have any rights to that kind of jazz until the age of 14 .
I tried to make him an appointment to join M’lop tapang when I die since he was born in sihanoukville
But they won’t do it and shirley they would give him back to his mom which would be terrible.


พิซออนเดอรูฟ ®

Element6 wrote: ↑Fri Nov 24, 2023 10:41 am I own a few properties and I struggle to see 10% p.a. return as real estate prices here are high compared to the spending power of most of the market.

A quick look on khmer24 rentals will show you a general trend of around 5% gross return which is very low compared to some other markets.

Perhaps my experience is distorted by largely owning landed properties rather than condos and apartments but even looking at condo rentals returns seem about the same.

In fact many landed properties do much worse. It is easy to find $2M -$3M properties renting for $5k to $10k. The flip side of this is capital gains on landed property have traditionally been much higher.

This is not to say 10% to 15% is not achievable but I don't think it is the norm

Element6 wrote: ↑Fri Nov 24, 2023 10:41 am I own a few properties and I struggle to see 10% p.a. return as real estate prices here are high compared to the spending power of most of the market.

A quick look on khmer24 rentals will show you a general trend of around 5% gross return which is very low compared to some other markets.

Perhaps my experience is distorted by largely owning landed properties rather than condos and apartments but even looking at condo rentals returns seem about the same.

In fact many landed properties do much worse. It is easy to find $2M -$3M properties renting for $5k to $10k. The flip side of this is capital gains on landed property have traditionally been much higher.

This is not to say 10% to 15% is not achievable but I don't think it is the norm

armchairlawyer wrote: ↑Fri Nov 24, 2023 11:22 am

Element6 wrote: ↑Fri Nov 24, 2023 10:41 am I own a few properties and I struggle to see 10% p.a. return as real estate prices here are high compared to the spending power of most of the market.

A quick look on khmer24 rentals will show you a general trend of around 5% gross return which is very low compared to some other markets.

Perhaps my experience is distorted by largely owning landed properties rather than condos and apartments but even looking at condo rentals returns seem about the same.

In fact many landed properties do much worse. It is easy to find $2M -$3M properties renting for $5k to $10k. The flip side of this is capital gains on landed property have traditionally been much higher.

This is not to say 10% to 15% is not achievable but I don't think it is the norm

Yes exactly. Unless you are a genius like RogerR who can spot the 0.00001% of condos that produce a decent yield, don't buy a condo to rent out. Be very careful buying a condo to live in because of the incidental charges and costs and the massive oversupply.
Also now is not a great time to buy anything but if you buy a nice piece of land at a reasonable price then sooner or later it will come good. Only problem is you have to use a nominee to buy it.

rogerrabbit wrote: ↑Fri Nov 24, 2023 2:06 pm

armchairlawyer wrote: ↑Fri Nov 24, 2023 11:22 am

Element6 wrote: ↑Fri Nov 24, 2023 10:41 am I own a few properties and I struggle to see 10% p.a. return as real estate prices here are high compared to the spending power of most of the market.

A quick look on khmer24 rentals will show you a general trend of around 5% gross return which is very low compared to some other markets.

Perhaps my experience is distorted by largely owning landed properties rather than condos and apartments but even looking at condo rentals returns seem about the same.

In fact many landed properties do much worse. It is easy to find $2M -$3M properties renting for $5k to $10k. The flip side of this is capital gains on landed property have traditionally been much higher.

This is not to say 10% to 15% is not achievable but I don't think it is the norm

Yes exactly. Unless you are a genius like RogerR who can spot the 0.00001% of condos that produce a decent yield, don't buy a condo to rent out. Be very careful buying a condo to live in because of the incidental charges and costs and the massive oversupply.
Also now is not a great time to buy anything but if you buy a nice piece of land at a reasonable price then sooner or later it will come good. Only problem is you have to use a nominee to buy it.

Why it's not good time to buy? You keep saying that but not giving any reason. As someone already said earlier in this thread, this is the first time there are real re-sale deals to be made in Cambodia.

armchairlawyer wrote: ↑Fri Nov 24, 2023 11:22 am

Element6 wrote: ↑Fri Nov 24, 2023 10:41 am I own a few properties and I struggle to see 10% p.a. return as real estate prices here are high compared to the spending power of most of the market.

A quick look on khmer24 rentals will show you a general trend of around 5% gross return which is very low compared to some other markets.

Perhaps my experience is distorted by largely owning landed properties rather than condos and apartments but even looking at condo rentals returns seem about the same.

In fact many landed properties do much worse. It is easy to find $2M -$3M properties renting for $5k to $10k. The flip side of this is capital gains on landed property have traditionally been much higher.

This is not to say 10% to 15% is not achievable but I don't think it is the norm

Yes exactly. Unless you are a genius like RogerR who can spot the 0.00001% of condos that produce a decent yield, don't buy a condo to rent out. Be very careful buying a condo to live in because of the incidental charges and costs and the massive oversupply.
Also now is not a great time to buy anything but if you buy a nice piece of land at a reasonable price then sooner or later it will come good. Only problem is you have to use a nominee to buy it.