Prices of land in Sihanoukville / Cambodia and building house

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james1234
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Prices of land in Sihanoukville / Cambodia and building house

Post by james1234 »

I would like to move to Cambodia next year and live in SHV.

I am just orientating and wondering whether I buy a piece of land and build a nice home with pool. I have a construction company here in Europe and know how to manage building.

Few questions: I an architect obligatory? I can draw and manage the house my self.

What about land prices? I have seen prices for beautiful land on Kaoh Rung for 10-20 $ sqm and 200-1000 $ in Sihanoukville, what i think is ridiculous.
https://www.realestate.com.kh/land-for- ... ille/57725

I have read prices for construction of 300 to max 500 $ /sqm.

Is it difficult to get the building materials to kaoh-rung? Or is it just renting a boat and getting it over. What would the additional costs be?

So is it realistic? Buying this 5000 sqm for 100.000 or less after negotiating? And than build a 200 sqm villa for 70,000 to max 100.000, and you have for 200.000 a beautiful villa on a Paradise Island?

If I see what prices are asked for nice villas in SHV and the islands that is a bargain.
What are your thoughts and experiences?
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phuketrichard
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Re: Prices of land in Sihanoukville / Cambodia and building house

Post by phuketrichard »

as a Barang u cant own land, so how will you do it?
I looked at land on the river in Kampot last year $30-60/sqm, inland $20-40
Kep $40-70/sqm

do u mean Koh Rong Island off of SNV? the link u gave gives the location of the land its NOT sea front but in the center of the island.

There is another thread here about some one building in Kep for $500/sq m. general-chatter/building-kep-t16408.htm ... 20in%20Kep

Have you ever been to Cambodia??
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
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Re: Prices of land in Sihanoukville / Cambodia and building house

Post by Moose »

Square Meter Costs in Cambodia

Price Condon Development: $1,100 per m2

Standard High-rise (SHV): $748

Multi-Purpose Building: $270 per m2

Shop Houses (PP and SHV): $120 - $150 per m2

Bigger Buildings: $350 per m2
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frank lee bent
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Re: Prices of land in Sihanoukville / Cambodia and building house

Post by frank lee bent »

as a Barang u cant own land, so how will you do it?
you can do it through various subterfuges involving nominee owners unknown to each other who have taken a ( fictitious and inflated ) loan from you to buy the place, then given you power of attorney, and a long lease. this is generally arranged by a lawyer and you are fairly risk exposed to the lawyer who drafts the documents.

or companies can own land with onerous quarterly reporting requirements.

the best way is a 30 year ( i think max for foreigners) lease.
Cam Nivag could probably give you a more coherent and legally correct account if he chooses to comment.

you should definitely rent for 6 months first.
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Re: Prices of land in Sihanoukville / Cambodia and building house

Post by phuketrichard »

frank lee bent wrote: Wed Nov 22, 2017 4:12 pm
as a Barang u cant own land, so how will you do it?
you can do it through various subterfuges involving nominee owners unknown to each other who have taken a ( fictitious and inflated ) loan from you to buy the place, then given you power of attorney, and a long lease. this is generally arranged by a lawyer and you are fairly risk exposed to the lawyer who drafts the documents.

or companies can own land with onerous quarterly reporting requirements.

the best way is a 30 year ( i think max for foreigners) lease.
Cam Nivag could probably give you a more coherent and legally correct account if he chooses to comment.

you should definitely rent for 6 months first.
yes, i, we know that ( u can get a 90 year lease, 30 years is thailand)
But at end of day, the Land cannot be in your name

note concerning having appointees holding shares in ur land, Many westerners do/did this in Thailand, ( at the recommendation of Lawyers) some -with more in the courts now, are losing "their" land :beer3:
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
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Re: Prices of land in Sihanoukville / Cambodia and building house

Post by james1234 »

I have been in Cambodia last year. Been in Thailand many times, Vietnam, Hong Kong and Macao. Have done import from China and Thailand and have been around a little.
I have a very nice Khmer online girlfriend (never know what comes from that) and have read almost anything on Cambodia on the internet :dm:

For the link on Koh Rong, you are right, inland, but here is a simular offer:
https://www.realestate.com.kh/land-for- ... ille/54123
2000 sqm for 60000 neg. Sea front. I know, it is on a quite part of the Island, but I dont mind that. I'd buy a boat. With that 60.000 and 70.000 building costs it makes 130.000 to 160.000 for a beatifull place, 10000 for a boat (and than I am talking dollars not euros), and Paradise it is.. I believe that would not be a bad investment. The Island will develop more in the coming years.

I have read the interesting Keb building and know about the lease. On the other hand, I will be starting a company in Cambodia so probably the land can be owned by the company.
Last edited by james1234 on Wed Nov 22, 2017 4:57 pm, edited 1 time in total.
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frank lee bent
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Re: Prices of land in Sihanoukville / Cambodia and building house

Post by frank lee bent »

note concerning having appointees holding shares in ur land, Many westerners do/did this in Thailand, ( at the recommendation of Lawyers) some -with more in the courts now, are losing "their" land
hence my warning regarding risk exposure to conspiracy and subterfuge.
i did not know we can get a 90 year lease. good enough for sure.
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Re: Prices of land in Sihanoukville / Cambodia and building house

Post by Kammekor »

james1234 wrote: Wed Nov 22, 2017 4:49 pm I have been in Cambodia last year. Been in Thailand many times, Vietnam, Hong Kong and Macao. Have done import from China and Thailand and have been around a little.
I have a very nice Khmer online girlfriend (never know what comes from that) and have read almost anything on Cambodia on the internet :dm:

For the link on Koh Rong, you are right, inland, but here is a simular offer:
https://www.realestate.com.kh/land-for- ... ille/54123
2000 sqm for 60000 neg. Sea front. I know, it is on a quite part of the Island, but I dont mind that. I'd buy a boat. With that 60.000 and 70.000 building costs it makes 130.000 to 160.000 for a beatifull place, 10000 for a boat (and than I am talking dollars not euros), and Paradise it is.. I believe that would not be a bad investment. The Island will develop more in the coming years.

I have read the interesting Keb building and know about the lease. On the other hand, I will be starting a company in Cambodia so probably the land can be owned by the company.
To me it seems a very bad investment since it will never be yours.
You can lose it overnight as a foreigner.
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Re: Prices of land in Sihanoukville / Cambodia and building house

Post by AndyKK »

Very little safeguards being the foreigner. Be prepared to lose what is spent. Another thing to take into consideration, building something out of the ordinary may give you a little resentment from the neighbours.
Always "hope" but never "expect".
james1234
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Re: Prices of land in Sihanoukville / Cambodia and building house

Post by james1234 »

How big is the chance of loosing it overnight? How many foreigners did lease a peace of land and lost it? How many did not loose it? There is your percentage of risk. Here in Europe banks and stocks lost all their money too, and in a mattress money can burn. No risk - no live!

Hardly any neighbours there, only Palm Beach Bungalow Resort.

But this is at this moment not serious (or may be it is?). It is the idea. I would first stay in SHV for a while and stay on the Island as well before buying anything. I am not in a rush.
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