Beautiful, modern apartment on the 8th Floor in Beong Tumpun (5 minutes from Russian Market TTP). The building is only 2 years old. I am selling it for 14k under the original asking/market price as I am leaving the country and need a quick sale. I want 50k furnished, alternatively, 45k unfurnished. I have all of the original receipts for the furniture which equate to 8.5k. There is no noise, generally, only 3/4 other couples have ever lived on this floor! Most of the other rooms are vacant.

Swimmimg pool. Parking. Cleaning services included. Lift / Disabled access. Security service. Balcony / Terrasse. Fully furnished. Long term short term. Close to shops. Close to schools. Close to hospitals. Close to bus stops. Close to restaurants.

Street 69BT, Phnom Penh, Phnom Penh, Cambodia

$ 50,000

1 Bedroom

1 Bathroom

48 m2 Interior Surface

Available as from 30 November 2023

What kind of title?
A cynic might say that, having seen the thread on buying property here, you realize you've been mugged and are now looking to do the same

armchairlawyer wrote: ↑Tue Nov 21, 2023 8:05 pm

Bluenose wrote: ↑Tue Nov 21, 2023 6:53 pm What kind of title?
A cynic might say that, having seen the thread on buying property here, you realize you've been mugged and are now looking to do the same

It's a post-2009 condo so it will be the condo title.

Yes, it's debatable whether it was wise to mention that most of the other apartments are empty. Plus point for selling rentals but not sales.

There's no such thing as a legal 'condo title' for foreigners. The only legal title is the strata title and if I were the legal owner selling an apartment with a strata title I would mention it in the add. Just saying.

People say the property bubble has burst, but at $65k new and now $45k for a quick sale, that was a pretty lackluster bubble in the first place.

Has anyone made any money from a condo purchase if they bought in the last 5 years? Or was it just the developers and agents?

Looks like L Residence Boueng Tumpun, it's not what anyone would class as a luxury development.

Bluenose wrote: ↑Wed Nov 22, 2023 7:41 am Looks like L Residence Boueng Tumpun, it's not what anyone would class as a luxury development.

Bluenose wrote: ↑Wed Nov 22, 2023 7:41 am Looks like L Residence Boueng Tumpun, it's not what anyone would class as a luxury development.

It's a 45k condo on the fringe of the city between a sewer pump station and a red light district for truckers and factory workers . It says "cheap condo" in the thread title

Nobody described it as a "luxury development" , , but thanks for the heads up

There's a difference between "Selling Condo Cheap" which is in the title and "cheap condo".
I believe it has over 700 units, hardly any of which are occupied, but they seem to be building another one directly across the street.

armchairlawyer wrote: ↑Tue Nov 21, 2023 8:05 pm
It's a post-2009 condo so it will be the condo title.

Doesn't automatically mean that it is a strata titled property... condos need to meet the eligibility criteria and the building developer needs to apply for Strata Title status.