Buying Land in the Province

Provincial living: homesteading, farming, gardening, self-efficiency and animal husbandry.
User avatar
StroppyChops
The Missionary Man
Posts: 10598
Joined: Tue May 06, 2014 11:24 am
Reputation: 1026
Australia

Re: Buying Land in the Province

Post by StroppyChops » Sat May 31, 2014 9:57 pm

Had pork ribs in the place on the corner across from Murray's tonight - the chopped up variety, not the Flintstones variety - and they were excellent. No more than $5 for the plate.
Bodge: This ain't Kansas, and the neighbours ate Toto!
User avatar
Hugh Briss
Expatriate
Posts: 94
Joined: Thu May 29, 2014 8:11 pm
Reputation: 0
Cambodia

Re: Buying Land in the Province

Post by Hugh Briss » Tue Jun 03, 2014 10:27 pm

GMJS-CEO wrote:You can own the land through nominee agreements whereby the 51% owner signs all control over their ownership to you.
Would you be so kind as to elaborate a bit on this?

Can this be done after a soft title deed is completed and for sake of argument, I am the 49% owner and my Khmer partner is the 51% owner. Is it then just a matter of taking it to a lawyer and drafting this 'nominee agreement to sign control over to me?

Thanks
“JFK was far from perfect, but he was a true wit and a sex machine, and he knew how to wear a pair of shades." Bill Maher
OrangeDragon
Site Admin
Posts: 4193
Joined: Fri May 02, 2014 8:05 pm
Reputation: 16
United States of America

Re: Buying Land in the Province

Post by OrangeDragon » Wed Jun 04, 2014 7:40 am

Hugh Briss wrote:
GMJS-CEO wrote:You can own the land through nominee agreements whereby the 51% owner signs all control over their ownership to you.
Would you be so kind as to elaborate a bit on this?

Can this be done after a soft title deed is completed and for sake of argument, I am the 49% owner and my Khmer partner is the 51% owner. Is it then just a matter of taking it to a lawyer and drafting this 'nominee agreement to sign control over to me?

Thanks
Yes.

On the original subject, spoke with the family over the weekend and our land our houses are on, about 1/2 ha, cost $300. That means $0.06 per square meter. Soft title.

When it comes to land in the provinces, let a khmer do the negotiating... lol.
User avatar
Hugh Briss
Expatriate
Posts: 94
Joined: Thu May 29, 2014 8:11 pm
Reputation: 0
Cambodia

Re: Buying Land in the Province

Post by Hugh Briss » Wed Jun 04, 2014 3:05 pm

Thanks OD, so I guess we'll hash out the nominee agreement ownership swap after the original title stuff gets settled.
“JFK was far from perfect, but he was a true wit and a sex machine, and he knew how to wear a pair of shades." Bill Maher
User avatar
Hugh Briss
Expatriate
Posts: 94
Joined: Thu May 29, 2014 8:11 pm
Reputation: 0
Cambodia

Re: Buying Land in the Province

Post by Hugh Briss » Sun Jun 08, 2014 9:47 am

frank lee bent wrote:I recently spoke to the guys at Sciarroni associates.
You can use a nominee to buy land with a prearranged lease back to you.
Other people advised:
A mortgage can also be issued over the title for further security.
Not very expensive.
Check your PM broham.
“JFK was far from perfect, but he was a true wit and a sex machine, and he knew how to wear a pair of shades." Bill Maher
diesel
Expatriate
Posts: 104
Joined: Mon Jun 23, 2014 7:05 pm
Reputation: 0

Re: Buying Land in the Province

Post by diesel » Mon Jun 23, 2014 7:35 pm

best option is ask a lawyer, because you must always et up a contract in khmer, so the only way is to go to a lawyer and tell him what you want. Tan you know for sure it is the right information. A LOT OFF TRAPS.
Bad Mongo
Tourist
Posts: 5
Joined: Wed Jul 16, 2014 2:28 pm
Reputation: 0
Norway

Re: Buying Land in the Province

Post by Bad Mongo » Wed Jul 16, 2014 3:22 pm

OrangeDragon wrote:
Hugh Briss wrote:
GMJS-CEO wrote:You can own the land through nominee agreements whereby the 51% owner signs all control over their ownership to you.
Would you be so kind as to elaborate a bit on this?

Can this be done after a soft title deed is completed and for sake of argument, I am the 49% owner and my Khmer partner is the 51% owner. Is it then just a matter of taking it to a lawyer and drafting this 'nominee agreement to sign control over to me?

Thanks
Yes.
This is not my experience. You can form a limited company with a Cambodian citizen, and as a foreigner you can own 49 % of this company (the company must have a minimum of 51 % Cambodian shareholding). This will give you a 49 % ownership to a property bought in the name of the company.

The other option is to buy the property in the name of a Cambodian citizen. If this person is your wife and you trust her, good for you. If not, you can enter a long-term rental agreement with the person in question. Or you can transfer the rights of ownership back to you by a personal agreement with the Cambodian citizen. The Cambodian citizen will still have 100 % ownership to the property as far as the Cambodian government is concerned. In both cases you should retain possession of the title deed. Selling the property is impossible without it (at least with hard title).

https://cambodiapropertyfinder.wordpress ... -cambodia/" onclick="window.open(this.href);return false;
User avatar
frank lee bent
Expatriate
Posts: 11330
Joined: Sat May 17, 2014 4:10 am
Reputation: 2087
United States of America

Re: Buying Land in the Province

Post by frank lee bent » Wed Jul 16, 2014 4:24 pm

yes, and you can further lock it in with a mortgage over the property as well as the lease.
bittermelon
Expatriate
Posts: 369
Joined: Fri Aug 04, 2017 10:57 am
Reputation: 123
New Zealand

Re: Buying Land in the Province

Post by bittermelon » Tue Jan 01, 2019 5:57 am

Does anybody have any idea regarding current land prices. I gather they have gone up everywhere.
explorer
Expatriate
Posts: 2401
Joined: Sat Apr 14, 2018 9:37 pm
Reputation: 761
Australia

Re: Buying Land in the Province

Post by explorer » Tue Jan 01, 2019 9:09 am

bittermelon wrote:
Tue Jan 01, 2019 5:57 am
Does anybody have any idea regarding current land prices. I gather they have gone up everywhere.
Prices have gone up.

Some real estate in Cambodia is more expensive than real estate in Australia.

The bubble will burst one day. I dont know when.

Prices vary from place to place. You need to look at each place on its merits. Compare a number of different places.

Many foreigners who have bought real estate in Cambodia have paid more than they should have. If you get a Cambodian to negotiate for you, they normally get a secret commission, so the price may be higher.

I heard of one place where the seller got $7000, the buyer paid $17000, and $10000 was commission. There are laws against this in Australia.

Land in Cambodia is sometimes sold by the lineal meters of frontage. Not by the square meter. But you can convert.
## I thought I knew all the answers, but they changed all the questions. ##
Post Reply Previous topicNext topic
  • Similar Topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: No registered users and 17 guests