Buying land in Cambodia?

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Daum Penh Stalker
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Buying land in Cambodia?

Post by Daum Penh Stalker »

Can foreigners buy land in Cambodia? My wife and I are both foreigners. We are looking to buy a simple house with some land in Cambodia. Is this allowed?
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Artful Dodger
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Re: Buying land in Cambodia?

Post by Artful Dodger »

Google might have been a better way to find your answer....



https://www.realestate.com.kh/news/can- ... -cambodia/

So many people ask can foreigners own land in Cambodia... Although the short answer to this is a very simple no, there are plenty of effective ways to control land in Cambodia for your business or personal use.
Are you a foreigner who wants to buy or lease land in Cambodia? If yes, here are some handy advice you need to read! Realestate.com.kh has put together an informative article to show you exactly how you can buy or lease land in Cambodia as a barrang, and the legal precautions you must follow if your venture is to be a success into the future. It’s not all smooth sailing though, and we advise seeking professional legal counsel for any such transaction. But, at least this article is a good start!

Broadly, under Article 44 of the Constitution, foreigners cannot own land in Cambodia. However, foreigners can establish control over land several ways: Buying land through a local company; by leasing land; by attaining Cambodian citizenship; or by buying land through a Cambodian nominee (note: this one is actually outlawed by the constitution).

https://www.realestate.com.kh/news/how- ... oreigners/
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Josh_76
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Re: Buying land in Cambodia?

Post by Josh_76 »

Daum Penh Stalker wrote: Tue Jul 24, 2018 8:29 am Can foreigners buy land in Cambodia? My wife and I are both foreigners. We are looking to buy a simple house with some land in Cambodia. Is this allowed?
The short answer is you will never be able to get a land title that has your name on it, as long as you aren't a Cambodian citizen.
explorer
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Re: Buying land in Cambodia?

Post by explorer »

Be aware, most foreigners get scammed when buying land in Cambodia.

I heard of one sale where the buyer paid $17,000, the seller got $7,000, and $10,000 was commission.

It is often just a case of asking a much higher price when a foreigner is interested.

Talk to people who have bought land.
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Anchor Moy
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Re: Buying land in Cambodia?

Post by Anchor Moy »

Does anyone know anything about long term land leases ? We've seen in Sihanoukville that short term property leases are worth diddlysquat. If the owner wants you out then you leave. Is there any more security in a long term lease with firm conditions, or is it all at your risks and perils ? Is there any 'real' legal security ?

What if you sign a long term lease on some land and the owner dies, for example, or goes bankrupt ? Do the terms change? Or what happens if he'/she gets really really greedy, because land values have increased overnight, and he/she wants to sell the land ?

Also, if anyone has any insights on buying land as opposed to renting long-term, I'd be interested in hearing what they have to say. Or if you have a long-term lease, how has that worked out for you ?
Jack.R.
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Re: Buying land in Cambodia?

Post by Jack.R. »

If you need help with land purchase as a foreigner you can drop me a pm. I have plenty of experience in the field.
fatuousdrivel
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Re: Buying land in Cambodia?

Post by fatuousdrivel »

explorer wrote: Tue Jul 24, 2018 10:47 pm Be aware, most foreigners get scammed when buying land in Cambodia.

I heard of one sale where the buyer paid $17,000, the seller got $7,000, and $10,000 was commission.

It is often just a case of asking a much higher price when a foreigner is interested.

Talk to people who have bought land.
I’ve been here for many years and the only barang I’ve heard get scammed was by their bar girl “wives”.

The example above. If they wanted to pay that price for the land, which I assuming they did because they bought it, then how is that a scam? Surely the seller got scammed by the fixer.

Matters not where the money was divvied up.
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AndyKK
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Re: Buying land in Cambodia?

Post by AndyKK »

Yesterday I found out my ladies mother was getting payment in rice per year for the use of about half a hector. The equivalent $25 is paid per year.
I offered the mother and family $200 per year rent for the same land. The results where unbelievable to me when they just laughed at the offer.
Always "hope" but never "expect".
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