Cambodia Real Estate Law 2025: An In-Depth Analysis of Tax Incentives, Legal Frameworks, and Investment Strategies

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Introduction

Cambodia’s real estate sector has evolved dramatically in the past decade, with Phnom Penh and other cities seeing new condos, office towers, and borey housing projects. (Borey, meaning “city” in Khmer, refers to gated community housing developments popular among locals.) This growth has led to the rise of many real estate developers and agencies. However, one name consistently leads the pack: CBRE Cambodia. Established in 2008 as the first international real estate firm in the country, CBRE Cambodia leverages its global expertise and local insight to set high standards for professionalism and service. It offers a comprehensive range of services and adheres to international best practices, making it a trusted advisor in an often opaque market. In the sections below, we delve into CBRE Cambodia’s strengths – its worldwide network, expert team, broad service scope, and commitment to transparency – and briefly overview other leading companies (from residential property development companies to online portals) in Cambodia’s property scene.

CBRE Cambodia: The Market-Leading Real Estate Firm

Global Network and Reputation of CBRE Group

CBRE Cambodia is an affiliate of the CBRE Group, the world’s largest commercial real estate services firm. Being part of a Fortune 500 company gives CBRE Cambodia a significant advantage in global reach and resources. CBRE Group boasts over 140,000 professionals in 100+ countries, providing a vast network for referrals and market knowledge. This global presence means that CBRE Cambodia can tap into international databases of investors and properties, bringing overseas buyers and standards to the local market. The firm’s connection to CBRE’s worldwide platform ensures it adheres to the same rigorous processes and ethical guidelines that have made CBRE a top name globally. For clients, this translates into confidence that their Cambodian real estate transactions are handled with world-class professionalism and oversight. It’s a key reason why CBRE Cambodia is often regarded as the biggest real estate company in Cambodia in terms of international service providers, backed by one of the biggest companies in Cambodia’s real estate sector worldwide.

Expert Team with Local and International Experience

Another pillar of CBRE Cambodia’s leadership is its team of seasoned experts. Since its founding in 2008, the company has grown rapidly and now employs over 100 full-time real estate professionals across various departments. This team is a blend of local Khmer talent and international professionals, providing a balance of on-the-ground market knowledge and global best practices. The experienced staff allows CBRE Cambodia to form “bespoke teams” for each project, tailoring expertise to client needs. Clients benefit from advisors who understand Cambodian regulations, language (Khmer and English), and business culture, while also being trained to Western standards of customer service and analysis. The firm’s leadership includes industry veterans who have guided investors through Cambodia’s property boom and downturns, ensuring that advice is data-driven and strategic. In 2023, CBRE Cambodia underscored its expertise by becoming a Licensed Valuation Firm authorized by the Securities and Exchange Regulator of Cambodia – a milestone that reflects the team’s qualifications and the trust placed in their professionalism. Whether a client is looking to lease an office in Phnom Penh or invest in land, CBRE’s team has the specialized knowledge to provide reliable guidance at every step.

Comprehensive Services: Sales, Leasing, Valuation, Management and More

As a full-service real estate company in Cambodia, CBRE Cambodia offers an extensive scope of services that cover virtually every property sector and need. On the brokerage side, the firm handles residential sales and leasing (helping clients buy, sell, or rent homes and condos) as well as commercial leasing and sales for offices, retail spaces, and industrial properties. CBRE’s brokerage services span all property types and are supported by deep market research and a broad client network. In addition to brokerage, CBRE Cambodia provides professional valuation and advisory services – delivering accurate property valuations for investors, banks, or developers. The company also excels in property management and project management, ensuring that completed buildings (be it an apartment tower or a shopping mall) are operated efficiently and to international standards. They advise developers from project inception through construction and beyond, helping manage properties post-launch. Consulting is another key offering: CBRE’s research and consulting team regularly publishes market insights and guides clients on feasibility studies, highest-and-best-use analyses, and investment strategies. Notably, CBRE Cambodia is also active in investment services, facilitating land sales, joint ventures, and connecting investors (both local and foreign) with development opportunities. This end-to-end service capability – from finding a tenant for a small shop to managing a multi-million-dollar mixed-use project – sets CBRE apart. Clients can have all their real estate needs met under one roof, with consistent quality.

Transparency, International Standards, and Industry Leadership

CBRE Cambodia has built its brand on transparency and adherence to international standards, which is especially valued in an emerging market like Cambodia. As an affiliate of a U.S.-based, NYSE-listed company, CBRE Cambodia implements strict ethical codes, compliance measures, and reporting practices that align with global expectations. Clients often cite the firm’s clarity in communication and honesty in dealings as reasons for choosing CBRE over local competitors. This leadership in transparency is further demonstrated by CBRE Cambodia’s commitment to data and technology – for instance, leveraging advanced property databases and research methodologies to provide clients with clear, evidence-based advice. The company’s dedication to quality and integrity has not gone unnoticed. CBRE Cambodia has won multiple industry awards, including Best Real Estate Agency Cambodia and Best Property Consultancy Cambodia for six consecutive years (2017 through 2022) at the Asia Pacific Property Awards. It was also a top winner at the Cambodia Real Estate Awards in 2018, 2019, and 2022, underscoring its consistent excellence. Moreover, CBRE’s status as a leading real estate service provider in the Kingdom is reinforced by its thought leadership: the firm regularly hosts market updates, publishes research reports, and introduces global best practices (for example, sustainability and transparency initiatives) to Cambodia’s property industry. All of these factors – ethical conduct, award-winning service, and knowledge sharing – illustrate CBRE Cambodia’s leadership in raising the bar for real estate companies in the country. For clients and partners, doing business with CBRE Cambodia means working with a firm that doesn’t just follow the norm, but actively shapes a more transparent and professional real estate market.

Other Leading Real Estate Companies in Cambodia

While CBRE Cambodia is the clear frontrunner, the country’s real estate sector features a mix of agencies, platforms, and developers that also play significant roles. Below is a real estate company list in Cambodia covering several key competitors and market players – from international consultancies to homegrown developers – each contributing to the property landscape in their own way.

IPS Cambodia (Independent Property Services)

IPS Cambodia is a prominent local real estate agency that has earned a strong reputation since its establishment in 2009. Founded to serve the needs of expats and international businesses entering Cambodia, IPS has integrated Western business practices into the Cambodian market. IPS operates offices in both Phnom Penh and Siem Reap, giving it coverage of Cambodia’s capital and its major tourist hub. Through a partner network, they also have representation in other provinces. IPS Cambodia offers services similar in scope to the international firms: residential and commercial sales/leasing, property valuations, consulting and feasibility studies, as well as property management and project management for landlords and investors. A blend of expatriate and Cambodian staff allows IPS to bridge cultural gaps and provide local insight with an international level of customer service. Over the years, IPS has positioned itself as one of the preferred agencies for those seeking transparency and reliability without going to a global firm. Its core values emphasize professionalism, honesty, and integrity, aiming to deliver “best in class” service to every client. While smaller than CBRE or Knight Frank, IPS Cambodia is often mentioned among the best real estate company choices for individual buyers and renters, particularly those in the expatriate community or anyone looking for attentive, locally grounded service.

Knight Frank Cambodia

Knight Frank Cambodia is the local branch of Knight Frank, a global real estate consultancy headquartered in London. Present in Cambodia since 2008, Knight Frank brought its worldwide expertise to the Cambodian market around the same time as CBRE. The firm provides residential and commercial brokerage services, helping clients find everything from upscale villas and condos to prime office spaces. Knight Frank Cambodia is especially known for its research and valuation capabilities; it regularly publishes market reports and insights (such as the Cambodia Real Estate Highlights and the annual Wealth Report) which are valued by investors for understanding trends. With a smaller team compared to CBRE, Knight Frank focuses on personalized, first-class service for niche clients and often caters to high-end properties and developer consultancy. The company’s motto in Cambodia emphasizes making property transactions “simple and stress free” for clients by leveraging deep local market knowledge. Knight Frank’s long presence (over 15 years) and global backing lend it credibility. They have noted important market trends, such as the rising demand for both affordable housing and branded residences in Cambodia, reflecting their analytical strength. In the commercial sector, Knight Frank is frequently involved in office leasing and has observed that Phnom Penh’s office market is moving toward stabilization by 2025 after years of rapid growth. As a competitor, Knight Frank shares many similarities with CBRE in service lines, though on a more boutique scale. It remains one of the top real estate agencies in Cambodia, trusted especially by corporate clients and those seeking internationally recognized professionalism.

Leading Property Website in Cambodia

In addition to traditional agencies, Realestate.com.kh has emerged as the go-to real estate website in Cambodia for property listings and information. Launched in the late 2000s, Realestate.com.kh is Cambodia’s leading real estate portal and foremost source of market information and news. It operates as an online marketplace where the top agencies (including CBRE, IPS, Knight Frank, and many local brokers) list properties for sale or rent, ranging from apartments and houses to commercial spaces. With over 47,000 property listings and advanced search tools, the site allows buyers and renters to filter options by location, price, and property type across Phnom Penh, Siem Reap, Sihanoukville, and beyond. Realestate.com.kh is not itself a brokerage; rather, it connects users with agents and developers. However, it plays a critical competitor-like role by commanding a huge audience of property seekers. The portal also produces valuable content – daily news articles, investment guides, and an annual Cambodia Real Estate Investment Guide – positioning itself as a knowledge leader in the industry. Because of its central position in the property search process, any real estate company list in Cambodia would be incomplete without Realestate.com.kh as the dominant digital platform. Agencies often vie to have their listings featured prominently on this site. For consumers, Realestate.com.kh offers a convenient starting point to see what’s available on the market, compare prices, and even read reviews or get advice.

Harbor Property – Emerging Real Estate Marketplace

Harbor Property is another noteworthy name in Cambodia’s prop-tech (property technology) scene, positioning itself as an innovative real estate marketplace. Marketed as “Cambodia’s leading real estate marketplace,” Harbor Property provides a website and mobile app for property search, somewhat similar to Realestate.com.kh. On Harbor’s platform, users can find homes for sale or rent, browse listings with photos and details, and even chat with agents via an online interface. The company emphasizes empowering consumers with data, aiming to provide rich information on neighborhoods, pricing trends, and investment opportunities. Although a newer entrant, Harbor Property has rapidly gained traction by leveraging technology and user-friendly tools. For example, it integrates map-based searches and augmented reality home tours to enhance the property hunting experience. While it does not replace the need for an agent or agency, Harbor Property is certainly a key player to watch, illustrating how competition in Cambodian real estate now comes not just from brokerage firms but also from digital platforms.

Borey Peng Huoth (PH Property) – Leading Local Developer

No discussion of Cambodian real estate is complete without mentioning the major borey developers – the companies building entire residential communities across the country. Borey Peng Huoth is one of the largest and most reputable residential property development companies in Cambodia. Also known as PH Property, Borey Peng Huoth has over 17 years of experience in building residences and creating vibrant community townships. The term “Borey” refers to gated community projects, and Borey Peng Huoth’s name has become synonymous with high-quality borey developments that cater to the Cambodian middle and upper-middle class. Since the early 2000s, this developer has constructed numerous sprawling housing projects around Phnom Penh – typically comprising link houses, villas, and shop-houses – along with amenities like parks, schools, and security services. Their flagship projects often carry the “Peng Huoth” brand, such as Borey Peng Huoth Boeng Snor and the Star Platinum series, each known for modern design and reliable infrastructure. The company’s success lies in understanding local demand: many Cambodian families prefer landed houses in gated communities, and Peng Huoth delivered exactly that at scale. By maintaining construction quality, timely delivery, and corporate social responsibility initiatives, Borey Peng Huoth has earned public trust. It exemplifies the strength of local developers in Cambodia’s real estate sector and highlights that “real estate company” can mean not just agencies like CBRE, but also developers that build the very properties those agencies trade.

Chip Mong Land (Chip Mong Group)

Another major local powerhouse in real estate development is Chip Mong Land, the property arm of Chip Mong Group. Chip Mong Group is a large Cambodian conglomerate (spanning businesses from breweries to banking) and is frequently cited among the biggest companies in Cambodia. Its real estate division, Chip Mong Land, was established in 2008 and has since become one of the leading property developers in Cambodia. Chip Mong Land has a diverse portfolio that includes both landed housing projects and condominiums, as well as commercial developments. Their first major project, The Park Land 598, was a residential community featuring villas, twin houses, link houses, and shophouses, which was successfully completed and sold out. Building on that success, Chip Mong delivered projects like ParkLand TK Condo, Landmark 271, Landmark 60M, and Land Riché. What sets Chip Mong apart is its backing by a huge parent company – this means strong financial capacity and the ability to undertake large-scale projects. For instance, Chip Mong has also invested in commercial real estate, building shopping malls (such as Chip Mong Mega Mall) and office towers, contributing significantly to the country’s commercial landscape. Industry profiles note that Chip Mong Land employs experienced Khmer and foreign architects and engineers, blending global and local expertise in its construction quality. For buyers, Chip Mong’s projects carry the credibility of a well-known brand with a track record of delivering on promises. They are a top choice for those looking at new developments, and their projects are often mentioned in any real estate company list in Cambodia that includes developers.

Prince Real Estate Group (Prince Holding Group)

Cambodia’s real estate boom has also attracted significant foreign investment, notably from China. Prince Real Estate (Cambodia) Group, often referred to simply as Prince Real Estate, is a prominent Chinese-backed developer that has become a major player in the country. Founded in 2015, Prince Real Estate Group entered the market to capitalize on Cambodia’s thriving development scene. Backed by the diversified Prince Holding Group from China, this developer quickly started undertaking large projects, especially in Phnom Penh and the coastal city of Sihanoukville. Prince Real Estate is known for high-rise condominiums and mixed-use complexes that add a modern and sometimes luxurious flair to the skyline. For example, in Phnom Penh, Prince has been involved in projects like Prince Central Plaza and Prince Happiness Plaza, which combine residential condos with shopping and entertainment components. As a real estate developer, Prince brings in significant capital and a fast-paced development style, often completing buildings in shorter timeframes. This has positioned them as a formidable competitor among residential property development companies, particularly in the condominium segment appealing to foreign buyers. Some locals even refer to them as Prince Real Estate China, highlighting the influence of Chinese investment in Cambodia’s property sector.

Key Real Estate Segments in Cambodia

Cambodia’s real estate offerings can be broadly categorized into residential, commercial, and mixed-use segments. Each segment has its own trends, major players, and considerations, which both investors and those choosing a real estate company should be aware of. Below we explore these key segments and what’s happening in each.

Residential Real Estate

The residential sector in Cambodia includes everything from standalone houses and villas to condominium units and the prevalent borey (gated community) developments. In Phnom Penh, condominium projects have proliferated in the city center and along major boulevards, often targeting both local elites and foreign buyers. At the same time, the outskirts of Phnom Penh and other cities are dotted with borey projects – master-planned communities of townhouses and villas built by developers like Borey Peng Huoth, Chip Mong Land, and others. These residential property development companies have catered to the strong local demand for landed homes in secure, amenity-rich neighborhoods. Recent trends show a growing middle class fueling demand for quality housing. Developers have responded by offering flexible payment plans and mortgages in partnership with banks, making home ownership more accessible. Additionally, affordable housing is a buzzword, and rental demand remains strong, particularly among expatriates and locals moving to urban areas. One unique feature of Cambodia’s residential market is foreign ownership: foreigners can legally own condominium units (strata title) but not land or ground-floor property, making condos especially attractive to international investors.

Commercial Real Estate

Cambodia’s commercial real estate encompasses office buildings, retail spaces (shops and shopping malls), hospitality (hotels, serviced residences), and industrial properties (warehouses, factories). Phnom Penh, as the capital, is the center of most commercial real estate activity. Over the past decade, the city has seen a construction boom in office towers and shopping malls. Grade A office buildings such as Vattanac Capital Tower and Exchange Square have come online, and more are in the pipeline. This surge in supply led to a more tenant-favorable market recently, with high vacancy rates in some new buildings; however, experts anticipate the office market to stabilize around 2025 as the economy absorbs new space. For businesses setting up in Cambodia, choosing the right office location is key – and firms like CBRE and Knight Frank provide office brokerage services, including advice on office grading, lease negotiations, and workspace planning. On the retail front, major malls like Aeon Mall (I & II) and smaller community malls by developers (e.g., Chip Mong’s malls) have transformed how Cambodians shop. Retail space in prime malls is handled by commercial leasing agents, while “shophouses” remain a staple of Cambodian commerce, often bought and sold as commercial assets in prime locations.

Mixed-Use Developments

Mixed-use developments – projects combining residential, commercial, and sometimes hospitality components – have become a hallmark of Cambodia’s urban expansion. These developments can range from single high-rise towers mixing condos and retail podiums to entire districts with offices, malls, parks, and residences. Notable examples include Diamond Island (Koh Pich), a peninsula developed with exhibition centers, condos, villas, and amusement facilities by OCIC, and twin towers like The Bridge and The Peak in downtown Phnom Penh, which house apartments, a mall, and a hotel. Mixed-use projects are attractive because they create live-work-play environments and offer multiple revenue streams for developers. They also raise the bar for safety, environmental standards, and smart-city technology. For buyers and tenants, these complexes provide convenience and modern amenities, but it’s important to research the developer’s track record and the management plan for the entire complex.

How to Choose a Real Estate Company in Cambodia

With so many agencies, developers, and platforms available, how do you pick the right real estate company in Cambodia to work with? Consider the following factors:

• Reputation and Track Record: Look for established firms with positive testimonials, case studies, and industry awards.
• Services and Specialization: Match your needs (e.g., brokerage, valuation, management) to a company’s core expertise.
• Local Market Knowledge: Ensure the firm understands Cambodian regulations, pricing dynamics, and cultural nuances.
• Transparency and Professionalism: Choose companies known for clear communication, honest assessments, and formal contracts.
• Network and Connections: A broad network (with banks, lawyers, investors) can streamline transactions and surface off-market opportunities.

Meeting with multiple firms, treating it like an interview, and assessing their communication style will help you find a partner who genuinely has your best interests at heart.

Conclusion: The Top Choice for Cambodian Real Estate

Cambodia’s property market presents tremendous opportunities across residential, commercial, and mixed-use segments. Among the many players – global agencies, local developers, and digital platforms – CBRE Cambodia stands out as the top real estate company in Cambodia thanks to its blend of international standards, deep local expertise, comprehensive services, and unwavering commitment to transparency. Whether you’re buying a downtown condo, scouting borey communities, or investing in commercial space, aligning with a trusted partner like CBRE Cambodia will give you confidence and peace of mind.

The post Real Estate Company in Cambodia: Why CBRE Cambodia Leads the Market appeared first on CBRE Cambodia.

Legal Framework: Law on Taxation and Sub-Decree No. 196 (2022)

Cambodia’s salary tax is governed by the Law on Taxation and detailed regulations from the General Department of Taxation (GDT). Article 42 (new) of the Law on Taxation defines “salary” broadly to include wages, remuneration, bonuses, overtime, and other compensation or fringe benefits provided to an employee (directly or indirectly) for performing employment activities​. This means virtually all forms of compensation from an employer are considered taxable income.

To keep the tax system up-to-date, the government issues sub-decrees and GDT instructions. Sub-Decree No. 196 (ANKr.BK dated 28 September 2022) is a crucial update that revised the tax rate thresholds for salary tax, effective January 1, 2023. Under this sub-decree, new progressive tax brackets apply to resident individuals, and the non-taxable threshold was increased to provide slight relief to low-income earners. The Ministry of Economy and Finance also issued Instruction 017 (December 27, 2022) to guide employers on implementing these new rates, ensuring a smooth transition to the 2023 tax brackets.

In essence, Cambodia’s legal framework for salary tax comprises: the Law on Taxation (establishing definitions and obligations), Sub-Decree 196 (2022) setting out current tax rate tables, and various GDT guidelines (like tax instructions and exchange rate rules) that provide practical details for compliance.

Tax Residency in Cambodia: Resident vs Non-Resident Taxpayers

Tax residency is a fundamental concept that determines how an individual’s income is taxed in Cambodia. According to Cambodian tax law, an individual is considered a resident taxpayer if they either are domiciled in Cambodia, have their principal place of abode in Cambodia, or are physically present in Cambodia for more than 182 days in any 12-month period. In practice, 182 days is roughly six months – so living in Cambodia for half the year or more generally triggers tax residency. All others are classified as non-resident taxpayers.

This distinction is important because resident and non-resident taxpayers are taxed differently:

• Resident individuals are subject to Cambodian tax on their worldwide employment income. This means a Cambodian resident’s salary from both Cambodian and foreign sources could be taxable in Cambodia (though reliefs are available for foreign taxes paid, as discussed later).

• Non-resident individuals are taxed only on Cambodian-sourced income (income earned for work performed in Cambodia).

For example, a Cambodian citizen or expat who spends most of the year in Cambodia will be treated as a resident for tax purposes, whereas a foreign employee on a short-term assignment (say 3–4 months) remains a non-resident taxpayer. Importantly, residency is determined by days of presence or domicile, not by visa status or nationality. Even foreign professionals can become Cambodian tax residents if they pass the 182-day threshold.

Implications of Residency Status

Being a tax resident generally results in a lower tax burden on Cambodian salary income because of progressive rates and personal allowances. However, residents are expected to report global salary income. Non-residents, by contrast, face a higher flat tax rate on local income and are not eligible for certain deductions or the lower tax brackets.

For expatriates, this means: if you initially work in Cambodia for only a few months, your employer will withhold tax at the flat non-resident rate (20%). If your stay extends beyond 182 days, you become a resident and subsequent salary is taxed at progressive rates. It’s wise for foreign employees and employers to track days of stay. In cases where an expatriate’s status changes mid-year, consult a tax professional on how to adjust withholding – typically, once residency is established, the progressive rates apply going forward. Planning your contract duration and understanding this cutoff can help in tax planning for cross-border staff.

Progressive Salary Tax Rates for Residents (2023)

Resident taxpayers benefit from a progressive tax rate system on monthly salary. The rates in effect (as of 2023, per Sub-Decree 196) are as follows:

• 0% on the portion of monthly salary from KHR 0 to 1,500,000 (approximately USD 0 to $360) – this portion is tax-free.

• 5% on the portion from KHR 1,500,001 to 2,000,000 (~$361 to $482).

• 10% on the portion from KHR 2,000,001 to 8,500,000 (~$483 to $2,050).

• 15% on the portion from KHR 8,500,001 to 12,500,000 (~$2,051 to $3,739).

• 20% on any portion over KHR 12,500,000 (over ~$3,739).

These brackets are applied in tiers. For instance, if a resident employee has a taxable salary of KHR 10,000,000 in a month, the tax would be calculated as 0% for the first 1.5 million, 5% for the next 500,000, 10% for the slice from 2 million up to 8.5 million, and 15% for the remainder above 8.5 million. Tax computation can be simplified using a formula or table of deductions for each bracket. The PwC Cambodia tax guide provides a handy calculation formula for each range – e.g., a salary in the 15% bracket would incur tax = (Salary – 8,500,000) × 15% + 675,000. These formulas essentially account for the tax on lower portions automatically.

Note: The non-taxable threshold (0% band) was raised to KHR 1.5 million under the 2022 sub-decree, up from the previous 1.3 million riels. This change effectively reduces tax by KHR 10,000 per month for those earning above the threshold. It’s a modest relief aimed at low-to-middle income workers.

Flat Tax Rate for Non-Residents

All non-resident taxpayers (anyone who doesn’t meet the residency criteria) are taxed at a flat 20% rate on their Cambodia-sourced salary income. This flat rate is applied on the gross salary without the progressive slabs or the personal reliefs that residents enjoy. The 20% tax on a non-resident’s employment income is considered a final tax – meaning it generally satisfies their Cambodian tax obligation on that income, with no further annual filing needed by the employee.

For example, if a foreign employee spends 4 months working in Cambodia and earns a monthly salary equivalent to KHR 8,000,000, the employer will withhold 20% of that amount (KHR 1,600,000) each month as tax. The employee’s Cambodian tax on salary is “fixed” at that flat rate. Non-residents are not eligible for the 0% band or lower rates, and no dependent deductions apply in their case. This higher rate for non-residents reflects the tax system’s design to tax short-term and transient workers at a consistent rate.

It’s important for foreign professionals to determine at the outset whether they will be a non-resident or resident for the tax year. If there is any uncertainty (for instance, if a short contract might get extended past 182 days), employers should monitor the situation. In some cases, an initially non-resident worker may later qualify as a resident, at which point the taxation method would switch to the progressive system. Always communicate changes in your work duration or status to your payroll or HR department so the correct rate is applied.

How to Calculate Tax on Salary in Cambodia

Calculating the tax on salary involves a few steps, especially for residents who can claim allowances. Here’s a step-by-step guide on how to calculate tax on salary for a typical month:

1. Determine Gross Monthly Salary: This includes all cash compensation for the month – basic pay, overtime, bonuses, commissions, and any taxable allowances. Essentially, it’s the total remuneration before any tax​. For example, let’s say gross salary = KHR 4,000,000.

2. Subtract Allowable Deductions: If the employee is a resident with dependents, subtract the dependent rebate. Cambodia offers a deduction of KHR 150,000 for each dependent child or non-working spouse from the taxable salary base. A “dependent child” must be under 14 years old, or under 25 if a full-time student, and a spouse counts only if not earning an income (often referred to as a housewife/husband). Notably, each child can only be claimed by one parent – if both parents work, only one of them gets to use the child deduction. For our example, if the employee has a non-working spouse and one young child (2 dependents total), the deduction would be 2 × 150,000 = KHR 300,000.

   After deducting dependents, also subtract any specific allowances exempted by law. For instance, certain factory worker allowances (like some meal or transportation stipends) can be excluded from the taxable base under a special circular. However, for most employees, such exclusions won’t apply unless specified by regulation or employment sector.

3. Obtain the Taxable Salary Base: This is Gross Salary – Dependent Rebate – Exempt Allowances. Using the example: KHR 4,000,000 – 300,000 = KHR 3,700,000 taxable salary.

4. Apply Progressive Tax Rates (Residents): Determine which tax brackets the taxable salary falls into and apply the progressive rates. In the example, KHR 3.7 million falls in the “10%” bracket (since it’s between 2,000,001 and 8,500,000 KHR). You would tax the amount over 2,000,000 at 10%, plus the fixed amount due for the lower brackets. Using the formula approach: ((3,700,000 – 2,000,000) × 10%) + KHR 25,000 = (1,700,000 × 0.10) + 25,000. That equals 170,000 + 25,000 = KHR 195,000 tax for the month. (The KHR 25,000 in the formula represents the tax that would have been due on the band up to 2,000,000 at 5%. This matches doing it tier-by-tier.)

   If the taxable base is above 8.5 million or 12.5 million, continue similarly with the 15% and 20% portions. For income below 1.5 million, the tax would simply be zero after deducting dependents.

5. Apply Flat Rate (Non-Residents): If the individual is a non-resident, skip the progressive calculation – simply take 20% of the gross salary as the tax. For example, a non-resident earning KHR 4,000,000 would incur tax of 0.20 × 4,000,000 = KHR 800,000. No further deductions or steps.

In summary, resident employees reduce their salary by any eligible dependent deduction and then calculate tax according to the brackets, whereas non-residents take a straight 20% of gross. Many employers use automated payroll systems or GDT-provided tax tables to simplify this math. The GDT has published official Tax on Salary tables and formulas which employers can follow to compute the tax exactly for any salary range.

Tip: Always calculate in the local currency (KHR). If you are paid in US dollars or another currency, Cambodian tax rules require converting that income to riels for tax purposes. The GDT mandates using the official exchange rate of the National Bank of Cambodia (NBC) on the 15th day of each month for converting monthly salaries to KHR. Employers should be mindful to apply this official mid-month rate to ensure the tax calculation is correct. (If the 15th falls on a non-working day and no rate is issued that day, use the rate from the previous day.)

Deductions and Allowances for Dependents

Cambodia’s salary tax system provides a small measure of relief for taxpayers supporting a family. As mentioned, resident taxpayers can deduct KHR 150,000 per month for each dependent. Dependents include:

• Children under 14 years old (or under 25 if in full-time education at a recognized institution).

• A non-working spouse (commonly a homemaker spouse with no income).

This deduction effectively expands the 0% tax bracket for those taxpayers. For example, a working parent with two young children would get a KHR 300,000 deduction, meaning the 0% tax threshold for them is effectively 1,800,000 KHR instead of 1,500,000 KHR in that month.

To claim these deductions, proper documentation is important. Typically, the employee should inform their employer of the dependents and provide proof, such as a copy of the family book or birth certificates for children, and perhaps a declaration that the spouse has no income. In case of older children studying, evidence of school enrollment might be required. Only one parent can claim each child – spouses should coordinate to not double-claim. Employers will usually have an internal form or procedure for employees to declare their dependents for tax purposes at the start of employment or each year.

It’s worth noting that these dependent rebates have not increased in recent years (KHR 150,000 has been the standard amount). They remain modest, but every bit helps. Ensure you take advantage of them if you qualify, as they can reduce your monthly tax significantly, especially at lower income levels. For instance, as illustrated in a DFDL example: a resident employee earning KHR 2,000,000 with 1 spouse and 3 children (4 dependents) could reduce their taxable salary by KHR 600,000 (4 × 150,000) and end up owing zero tax in that scenario.

Employer’s Responsibilities: Withholding and Reporting

In Cambodia, the onus of salary tax compliance falls largely on the employer. The tax is administered on a pay-as-you-earn (PAYE) basis. This means each time salaries are paid (usually monthly), the employer must withhold the applicable tax from the employee’s salary and take care of remitting it to the tax authorities. Key responsibilities of employers include:

• Withholding Tax Each Payday: Employers calculate the salary tax according to the rules above for each employee and deduct that amount from the salary payment. This ensures the employee receives their net-of-tax salary, and the tax portion is set aside for the government.

• Monthly Tax Declaration: By law, employers must file a monthly tax return for the Tax on Salary with the General Department of Taxation. This return details the total salaries paid and taxes withheld for all employees in that month. Even if an employer has only one employee, the salary tax return still needs to be filed.

• Payment to GDT: The employer must remit the withheld salary taxes to the GDT by the deadline. The deadline is typically no later than 20 days after the end of the month in which the salaries were paid. For example, taxes on January salaries must be paid by February 20. (In the past, the deadline was the 15th of the following month for some taxpayers, but under current regulations and for standard self-assessment taxpayers, the 20th is generally applicable. Always confirm if you fall under a different category, such as a small taxpayer, which might have different due dates.)

• Employee Payslips and Records: Employers should provide employees with payslips showing gross pay, tax deductions, and net pay. They must also maintain payroll records and tax calculation worksheets in case of a tax audit. These records should include evidence for any dependent deductions claimed (copies of relevant documents).

One major advantage for employees is that individual employees do not need to file annual personal tax returns on their salary income. If you only earn employment income, your employer’s monthly filings fulfill your tax obligations. There is no annual reconciliation return for salary tax in Cambodia – unlike some countries where you file an individual tax return, Cambodia’s system treats the employer’s monthly submission as final.

However, if an individual has other sources of income (like business income or rental income), they may have to handle those under different tax filings (such as a personal tax on income or profit). But purely for employment income, once the employer withholds and remits the tax, the compliance is considered complete for the employee.

Employers failing in their duties (late payment or filing, under-withholding, etc.) can face penalties, including fines and interest on late tax payments. Additionally, non-compliance could expose the company to legal issues or jeopardize its tax compliance status. Therefore, companies typically invest in knowledgeable HR or accounting staff or consult professional payroll services to meet these obligations accurately.

Fringe Benefits Taxation in Cambodia

Apart from cash salary, many employees (especially in higher positions or expat roles) receive fringe benefits – perks such as housing allowance, company car, domestic help, school fees for children, etc. In Cambodia, fringe benefits are subject to a separate tax called the Tax on Fringe Benefits (TOFB). The fringe benefits tax is levied at a flat 20% rate on the gross value of the benefits provided.

Key points about fringe benefits and their taxation:

• What counts as a Fringe Benefit? Cambodia defines fringe benefits broadly. Examples include: employer-provided accommodation or housing allowance (including paid utilities or a domestic helper), education assistance (e.g. paying an employee’s children’s school tuition, unless it’s a job-required training), private use of company vehicles, low-interest loans or discounted sales of company property to an employee, excessive per diem or meal allowances beyond normal practice, employer contributions to non-mandatory pension schemes or extra insurance, and entertainment or club membership expenses provided to employees. In short, if an employer is providing something of value to an employee other than cash salary for work, it likely qualifies as a taxable fringe benefit.

• Who Pays the Fringe Benefit Tax? The employer is responsible for paying the 20% fringe benefit tax to the GDT. This tax is typically considered an employer’s cost. The employee doesn’t directly pay it (and it’s not deducted from the employee’s salary), but it is a tax on the benefit they enjoy. For example, if a company provides an expat manager with an apartment valued at $1,000 per month, the company would owe $200 in fringe benefit tax each month for that housing perk.

• Fringe Benefit Tax is Final: The 20% tax on fringe benefits is a final tax – it does not get further grossed-up into the employee’s income for salary tax purposes. In fact, Article 42 of the Tax Law includes fringe benefits in the definition of salary​, but then the law levies a separate fringe benefit tax on them in lieu of the normal salary tax. This avoids double taxation. Practically, cash salary is taxed according to the progressive table, while fringe benefits are taxed at 20% flat.

• Exempt Benefits: Some benefits are exempt from taxation – typically those required by law or minimal amenities. For instance, mandatory employer contributions to the National Social Security Fund (NSSF) are not considered fringe benefits. Likewise, modest meal or travel allowances provided to all staff might be considered part of salary (and taxed as salary if in cash) or exempt if falling under specific labor-related allowances. It’s best to check GDT guidelines or prakas (regulations) on which benefits are non-taxable. Generally, the list provided in the Law on Taxation covers most taxable benefits, and anything not listed might be exempt or considered de minimis.

In planning compensation packages, employers often weigh the fringe benefit tax. Some employers may gross-up the benefits (i.e., cover the tax on behalf of the employee) as part of the cost of employing expatriates or senior staff. Others might choose to give a cash allowance (taxed as salary at progressive rates) instead of in-kind benefits, depending on which is more tax-efficient. From an employee perspective, be aware that lucrative perks like housing, car, or school tuition do carry an additional tax cost to the employer.

If you’re an employee negotiating a benefits package, it’s useful to know that a portion of those perks incurs 20% tax. While you won’t pay it directly, it’s part of the employer’s budget for your compensation. Transparency with employers on how benefits are handled (and whether any will reduce your cash salary or not) is advisable.

Tax Reliefs and Foreign Tax Credits

Cambodia provides mechanisms to avoid double taxation of income and to offer relief in certain situations:

• Foreign Tax Credit for Residents: If a Cambodian resident taxpayer earns salary income from abroad (for example, they are on a short assignment overseas or have a remote job paying from another country) and they paid income tax on that salary to another country, Cambodia allows a tax credit. Specifically, taxes paid to a foreign country on foreign-source salary can be credited against the Cambodian salary tax due on that same income. The credit is limited to the lower of the actual foreign tax paid or the amount of Cambodian tax attributable to the foreign income. In simpler terms, Cambodia will not make you pay double tax on the same income: you pay either the foreign tax or the Cambodian tax, whichever is higher, but not both fully.

  Example: Suppose a Cambodian tax resident receives consulting fee income from abroad equivalent to KHR 100 million in a year and pays $5,000 income tax in that foreign country. If that income were taxed in Cambodia, it would fall under the 20% bracket (annual scale) so roughly $5,000 of Cambodian tax would also be due. Cambodia would allow the $5,000 foreign tax as a credit, meaning the person ends up not paying tax again to Cambodia on it (assuming documentation is provided). If the foreign tax was only $3,000 whereas Cambodian tax would be $5,000, the individual would pay the $3,000 abroad and still owe $2,000 to Cambodia to bring the total tax up to the Cambodian level. Documentation such as tax payment receipts or withholding certificates from the foreign jurisdiction must be provided to claim this credit.

• Double Taxation Agreements (DTAs): As of 2025, Cambodia has signed a number of DTAs (double taxation avoidance agreements) with other countries – primarily in Asia (e.g. Singapore, Thailand, China, Brunei, Vietnam, and others). However, not all are in force, and Cambodia notably does not have a DTA with countries like the United States or UK. Where a DTA exists, it may provide certain tax relief or preferential rates for residents of the treaty partner country (for example, exemption or reduced rates on certain income types, or tie-breaker rules for residency). For individual salary, DTAs often establish which country gets taxing rights for employment income and may cap what the source country can tax if the person is not present beyond a certain period. These treaty benefits are not automatic – one usually must apply and prove tax residency of the treaty partner country to get the relief.

• Tax Residency Certificate: If you are a Cambodian resident who needs to claim treaty benefits or prove to a foreign tax authority that you pay taxes in Cambodia, you can obtain a Tax Residency Certificate from the GDT. Per GDT Instruction (No. 4084), a Cambodian resident can apply for such a certificate, which is valid for one year and renewable annually. This certificate is often required when claiming foreign tax credits or treaty benefits abroad, as it certifies you are a resident taxpayer of Cambodia for the period. For expats, this might be useful if, for example, your home country requires proof that you’re taxed as a resident in Cambodia so that they can exempt your foreign income under a treaty.

• Other Tax Credits or Incentives: Cambodia’s tax system offers various incentives mostly geared toward businesses (such as tax holidays for Qualified Investment Projects or special economic zone incentives). For individual employment income, aside from the foreign tax credit, there are no general tax credits. The system relies on the exclusion of certain income (e.g., some scholarships or insurance payouts might be non-taxable) and the dependent deductions discussed earlier. There is no concept of a standard personal allowance beyond the dependent rebate, nor credits for things like charitable donations under the salary tax regime (charitable contributions might be deductible under profit tax if one is self-employed, however).

In short, while Cambodia taxes residents on worldwide income, practical relief is available to ensure you’re not taxed twice if you’ve already paid tax on foreign income. If you’re an expatriate paying tax in Cambodia and also having to file in your home country (like US citizens do), you’ll likely use foreign tax credits in your home country’s return to offset the Cambodian tax paid. Always consult a tax advisor familiar with both jurisdictions in such cases.

Guidance for Expatriates Working in Cambodia

Cambodia has become a popular destination for foreign professionals, and it’s crucial for expatriates to understand how income tax in Cambodia applies to them. Here are key points and tips for expats:

• Work Permits and Registration: First, ensure you are working legally with the proper visa and work permit. While immigration compliance is separate from tax, the absence of a proper work permit could complicate tax matters. Employers typically register expat employees with the tax authorities, obtaining a Tax Identification Number (TIN) for each employee. As an expat, you should provide any required documents (like passport, visa, employment contract) to facilitate your registration in the tax system.

• Tax Residency Status: Determine if you will be a resident or non-resident (as discussed above). If you plan to reside in Cambodia long-term (over 182 days in a year), you will be taxed as a resident on your worldwide salary income. If you are on a short stint, you’ll be non-resident taxed only on Cambodian earnings. This status can affect how your home country taxes you as well. U.S. expats, for example, remain taxable on worldwide income by the U.S., but can use the Foreign Earned Income Exclusion or foreign tax credits to avoid double taxation. Other nationalities might be able to claim non-resident status in their home country if they become resident in Cambodia. It’s a two-sided equation.

• Tax Rates and Obligations: As an expat employee, the practical side is that your employer will handle the monthly withholding and filing of your salary tax. You should, however, review your payslips to ensure the correct rate is being applied (5%, 10%, etc., if you’re a resident; or 20% flat if non-resident). If you notice no tax withheld at all and your salary is above the threshold, raise this with your employer – compliance is important for your legal status and future tax clearance (for example, when renewing visas or exiting the country, outstanding tax issues can be a problem).

• Dependent Deductions for Expats: Yes, expats can claim the same KHR 150,000 deductions for a non-working spouse and children, if they are residents. Make sure to inform your employer if your family is with you and you qualify. Keep in mind, the child must reside with you and meet the age criteria, etc. If your spouse also works in Cambodia, neither of you can claim the other as a dependent. Often, expatriate packages mean both spouses might work, so this deduction is commonly not applicable, but if one spouse doesn’t have employment, do utilize it.

• Documents for Tax Compliance: While employees don’t file returns, it’s wise to keep copies of important documents: your employment contract, monthly payslips, tax payment receipts (or the monthly tax filing your employer gives you), and any Tax Residency Certificate if you obtained one. Should you need to demonstrate tax compliance (e.g., to get a residency certificate or to your home tax authorities), these will be valuable.

• Tax Clearance When Leaving: Cambodia has historically required foreign employees to obtain a tax clearance certificate when permanently departing the country, especially if they had a long-term work permit. Check the current procedure with the GDT or a tax consultant – you may need to ensure all monthly taxes have been paid and perhaps get a letter from the tax office to avoid issues at immigration on departure (though this is less formalized than in some countries). Employers sometimes handle this as part of end-of-contract HR processes.

• Social Security Contributions: Note that as of recent years, Cambodia introduced the National Social Security Fund (NSSF) obligations for employers and employees. These are separate from salary tax. If you are an employee, your employer may deduct a small percentage for NSSF (typically for occupational risk, healthcare, and pension schemes gradually being implemented). NSSF contributions are not tax, and currently, Cambodia does not allow a tax deduction for NSSF from salary tax (salary tax is calculated on gross salary before NSSF). Just be aware of this deduction on your payslip and that it serves a different purpose (entitling you to certain medical or benefits coverage).

• No Annual Filing (for most): As an expat employee, you do not file an annual Cambodian tax return for your salary. If you have other income (like you started a small business on the side or have rental income in Cambodia), you might have separate tax filings for those (e.g., patent tax and profit tax for the business, or tax on property for real estate). But for employment income, your employer’s monthly filings are it. This simplifies life – just ensure they are doing it correctly.

• Home Country Taxes: Don’t forget your home country obligations. For example, Americans must file an annual U.S. tax return regardless of where they live, reporting worldwide income. You can claim foreign tax credits for the Cambodian tax paid. Other countries like Australia, UK, etc., may cease taxing you if you become non-resident there, but have specific criteria. Align your Cambodian tax residency with your home country’s residency rules to optimize your overall tax situation. Professional advice is invaluable here.

In essence, Cambodia is welcoming to foreign professionals, and the tax regime for expats is straightforward – know your residency status, let your employer handle the calculations, and keep records. The relatively low top tax rate (20%) can be attractive, and the cost of living adjustments via benefits can be managed with fringe benefit planning. Stay compliant to ensure your work permit renewals and eventual exit are hassle-free.

Tax Considerations for Self-Employed Individuals and Consultants

Not everyone working in Cambodia is a formal employee; many are self-employed, freelancers, or consultants. It’s important to clarify how taxation works for these individuals, since “salary tax” strictly applies to employer-employee relationships. Here’s how it breaks down:

• Consultants and Contractors: If you are working in Cambodia as an independent consultant or contractor (for example, you provide services to a company but are not on their payroll), your income is not subject to salary tax withholding. Instead, such income falls under the scope of the Tax on Income (TOI) – essentially the profit tax regime that applies to businesses and sole proprietors. In practice, you would typically register as a taxpayer (as a sole proprietorship or enterprise) and be taxed on your net profit from business at the standard rate (20% for most cases). Cambodia uses the same progressive rates for personal business income annually as for salary, but effectively, once your profit is beyond 150 million KHR per year, you pay 20%. There are quarterly prepayments and an annual tax return involved for TOI, which is more complex than salary tax.

• Deemed Employment: Be aware that some consultants may be reclassified as employees by the tax authorities if the nature of your work is essentially like that of an employee. For instance, if you work exclusively for one company, under their control and supervision, and you don’t have a registered business, the GDT could determine that those consulting fees are actually a salary in disguise. There are rules to assess this, and if deemed an employee, the company should have withheld salary tax. To avoid this ambiguity, many consultants formalize their business (get a tax patent, charge VAT if applicable, etc.) or ensure they work through a company.

• Withholding on Services: If an individual consultant does not register and the paying company treats them as a supplier, the company might apply a withholding tax on the service fees. For domestic payments to resident individuals, the standard withholding tax on services is 15% (if the service provider is not a registered taxpayer). This 15% is not exactly “salary tax” but a form of advance tax on income. For non-resident service providers, withholding is 14% or 15% depending on the nature (per withholding tax rules). The bottom line is, if you are a freelancer, clarify with your clients how you should be paid and taxed. If they are withholding something from your invoice, ask what it is so you can credit it against your eventual tax due.

• Sole Proprietorships and SMEs: Many local Cambodian professionals operate small businesses or consultancies. These individuals may fall under the self-assessment regime and pay Tax on Profit annually. For example, a freelance software developer earning income from various clients would report revenue and deduct allowable expenses (perhaps a home office, equipment costs, etc.) and pay 20% on the net profit. There are simplified regimes for very small taxpayers, but as of recent reforms, most active businesses need to follow the standard regime if their revenue is above certain thresholds.

• Record Keeping: If you’re self-employed, maintain good records of your income and expenses. Unlike salary tax (where the gross income is taxed without deductions except dependents), under profit tax you can deduct business-related expenses to arrive at net profit. Common deductions include office rent, salaries paid to staff, supplies, business travel, etc., as long as you have proper invoices. Keep those invoices because the GDT may ask for them if they review your filings.

• Social security and other obligations: Self-employed individuals are not yet clearly mandated into the NSSF system (as of now, NSSF mainly covers employees of enterprises). But this is evolving. Also, self-employed professionals should consider registering for VAT if their services are subject to it and exceed the threshold (currently, businesses with turnover above a certain amount must charge 10% VAT). Consulting services to Cambodian companies usually are subject to VAT if the provider is registered.

• Example: To illustrate, consider a consultant (resident) who earns the equivalent of KHR 300 million in a year from various projects, and has business expenses of 100 million (net profit 200 million). Under the annual progressive rates, the first 150 million would be taxed at gradually 0%-15%, and the amount above 150M (50 million) at 20%. This yields a tax somewhat similar to what an employee earning that amount of salary would pay. The consultant would need to file an annual profit tax return by March 31 of the following year (Cambodia’s tax year is calendar year) and pay any balance due. They would also have made quarterly prepayments (often 1% of turnover per quarter, which can be credited against the annual tax).

In summary, self-employed individuals and consultants do not pay “salary tax” via withholding. Instead, they should register and comply under the profit tax system. Given the complexity, it’s highly recommended to engage a tax agent or advisor in Cambodia to handle registration and filings if you go this route. The compliance (bookkeeping, monthly and annual returns) is heavier than for a regular employee.

If you are a consultant who is hired through an agency or a brief contract, clarify whether the company will treat you as an employee (withholding salary tax) or as an independent contractor (no withholding, but possibly subject to other taxes). Misclassification can lead to tax penalties, so it’s better to get it right from the start.

Other Relevant Taxes on Income in Cambodia

In addition to the tax on salary, individuals and companies in Cambodia may encounter several other taxes on income or related to employment. Here’s a brief overview to complete the picture:

• Corporate Income Tax (Tax on Profit): Companies (including those owned by individuals) are subject to Corporate Income Tax (CIT), officially called Tax on Income (TOI). The standard CIT rate in Cambodia is 20% of net profit. This rate applies to most businesses (there are higher rates for oil, gas, and mineral exploitation at 30%, and QIP investments may enjoy 0% for a period). While this is not a tax on individual salary, it’s relevant if you operate your own company or if you are comparing corporate vs individual tax burdens. Profit is calculated after allowable deductions (business expenses, depreciation, etc.). Companies must file annual tax returns and make monthly prepayments and year-end adjustments.

• Minimum Tax: Cambodia imposes a Minimum Tax equal to 1% of a business’s annual turnover (sales). This functions as a floor on tax payments. If a company’s 20% profit tax liability is less than 1% of its revenue (perhaps because it had slim profit or a loss), it may still owe the minimum tax. However, if proper accounting records are maintained and the company is in compliance (and perhaps audited), the minimum tax can be considered as an advance that is waived if profit tax exceeds it. For compliant companies, effectively they pay the higher of the 20% on profit or 1% of revenue. Minimum tax mainly affects businesses with very low profit margins or those trying to avoid tax through deductions.

• Withholding Taxes: Various payments to both residents and non-residents attract withholding tax. For instance, dividends to non-residents (if any individual gets dividends from a Cambodian company) are subject to 14% WHT, interest and royalties have WHT of 15% for residents and 14% for non-residents, and service fees paid to non-resident entities are 14%. These are more relevant for companies and investors, but if you’re an individual receiving interest from a bank, note that interest is usually subject to 6% withholding (for residents) at source. Rental payments to individuals can also involve withholding (10% on property rent paid by a lessee who is an enterprise). As an employee, you typically won’t deal with these, but as a self-employed or investor, you might encounter them.

• Capital Gains Tax: A Capital Gains Tax (CGT) on individuals has been in the pipeline in Cambodia. Initially slated for implementation in 2020 and then 2022, the introduction of capital gains tax has been delayed. Most recently, the government announced a further delay until the end of 2025 for implementing the capital gains tax on physical persons. Once in effect, this tax would impose 20% on gains from the sale of capital assets, which include real estate, stocks, investment assets, goodwill, etc., of individuals. For example, if a Cambodian resident sells a piece of land at a profit, that gain would be taxed at 20%. Currently, such transactions (if not done via a company) often incur just transfer taxes or unused land taxes, but not an explicit capital gains tax. Keep an eye on this space if you plan to sell property or large assets – the rules (including calculation methods and any exemptions like a principal residence exclusion) will be defined once the CGT goes live. Businesses already effectively pay tax on gains as part of their profit tax, but this CGT specifically targets individuals not otherwise taxed on such transactions.

• Other Payroll-Related Taxes: While not a tax on income per se, employers have to pay into several government funds. For instance, there’s an Accommodation Tax (lodging tax) of 2% in the tourism sector, and some specific industry levies. Another notable one is the Salary Tax on Fringe Benefits we discussed (20%). Additionally, the government has a withholding for the new pension scheme (as of 2022-2023) where employers and employees each contribute 2% of wages (increasing gradually) to a pension fund – this is separate from tax and administered by NSSF.

• Value Added Tax (VAT): If you run a business or even as a consumer, note that Cambodia has a 10% VAT on most goods and services. Salaries are not subject to VAT, but if you are a consultant billing a client, your services could be subject to VAT if registered. VAT is a tax on consumption, not on income, but it interacts with business finances.

In summary, the Cambodian tax landscape includes tax on salary (the focus of this article), corporate tax on profits, withholding taxes, and upcoming capital gains tax, among others. For a regular employee, the relevant piece is mainly salary tax. For someone doing business or investing, being aware of these other taxes is crucial. It’s always beneficial to seek local tax advice when making significant financial transactions in Cambodia to ensure all tax angles are covered.

Practical Compliance Tips for Salary Tax in Cambodia

Ensuring compliance with Cambodia’s tax regulations will save you from penalties and give you peace of mind. Here are some practical tips for both employees and employers:

• Maintain Proper Payroll Documentation: Employers should keep detailed payroll records each month. This includes employment contracts, payslips, calculation sheets for salary tax, and supporting documents for any deductions (like copies of IDs for dependents or proof of student status). Employees should keep their payslips and understand how their tax was computed. Good documentation helps in case of any GDT audit or if questions arise about whether the correct tax was paid.

• Use the Official Exchange Rate: If salaries are paid in USD (which is common in Cambodia), always use the official exchange rate from the National Bank of Cambodia on the 15th of each month to convert USD to KHR for tax calculation. The GDT requires this, and using any other rate (especially one that undervalues the KHR amount) can lead to underpayment of tax and penalties. Many companies download the rate from the NBC or GDT website each month for consistency. For example, if 1 USD = 4,000 KHR (NBC rate on 15th), a $1,000 salary should be treated as KHR 4,000,000 for tax purposes.

• Meet Filing and Payment Deadlines: Mark your calendar for the monthly tax return deadline (usually the 20th of the following month). Employers should ensure tax is declared and paid on time to avoid late fees. The GDT imposes interest on late tax payments and flat penalties for late filing. If the 20th is a weekend or holiday, plan to submit a bit earlier (typically the deadline doesn’t extend unless officially announced, so practically you file by the last working day before the 20th in such cases).

• Separate Fringe Benefit Calculations: If you provide or receive fringe benefits, handle the Tax on Fringe Benefits separately from the normal salary tax. Compute 20% on the gross value of benefits and ensure the employer remits that as well (often on the same monthly return but in different sections). Both employer and employee should be clear on which items are taxed as fringe benefits versus salary. Misclassifying could either result in over-taxation or under-taxation.

• Stay Updated on Tax Law Changes: Tax laws are dynamic. Sub-Decree 196 of 2022 is a recent example that changed tax brackets effective 2023. Keep an eye on updates from the GDT, Ministry of Economy and Finance, or professional tax advisories each year, especially around the national budget announcements. Any changes to rates, thresholds, or rules (like the planned capital gains tax or new pension contributions) could affect payroll calculations. Subscribing to a reputable local tax news source or consulting firm’s newsletter (e.g., DFDL, PwC, KPMG Cambodia updates) can be useful.

• Consult Tax Professionals When in Doubt: If you’re unsure about any aspect – be it determining residency for a travelling employee, handling an unusual compensation item, or dealing with a foreign tax credit – consult a tax professional. Cambodia has several accounting and law firms with tax expertise. This is particularly important for companies with expat employees or complex pay structures, and for individuals who have multiple income sources. Professional advice can ensure compliance and also optimize tax outcomes (for instance, structuring part of compensation as a qualified allowance, or ensuring an expat can claim a home country exclusion).

• Use GDT’s Online Services: The General Department of Taxation has been modernizing. Employers can now file returns and pay taxes through the GDT’s online system (known as the “E-Filing” portal). Using the online system can streamline compliance – it often provides prompts for required fields, and you can schedule payments via approved banks. Embracing these digital tools can save time and reduce errors. Ensure your company is registered for online filing and that staff are trained to use it.

• Coordinate HR and Finance: In companies, the HR department (which knows about employees, contracts, dependents) should coordinate closely with the finance/tax department (which does the filings). Changes in an employee’s status (marriage, new child, departure, etc.) should be communicated so the tax calculations adjust accordingly. If an expat hits 183 days, HR should alert finance that the tax status will change from non-resident to resident. Good internal communication is a simple but effective compliance strategy.

• Keep Personal Copies: As an employee, while you don’t file taxes personally, it’s wise to keep copies of your key tax documents. For example, ask for a copy of the annual summary of taxes withheld or a Tax Clearance Certificate if your company obtains one for you. This could be useful if you need to prove tax payment to another authority or if there’s a dispute. For expats, if you paid significant Cambodian taxes, you might need proof to claim foreign tax credits back home.

By following these tips, both employers and employees in Cambodia can navigate the salary tax system smoothly. Compliance not only avoids penalties but also contributes to Cambodia’s development, as tax revenues fund public services and infrastructure. CBRE Cambodia, in its corporate advisory role, always emphasizes that understanding local regulations – tax included – is key to a successful and responsible business operation or employment stint in the Kingdom.

This comprehensive overview of salary tax in Cambodia should serve as a clear guide for anyone earning income in the country. Always remember that individual circumstances can vary, and while this guide covers general rules as of 2025, you should seek personalized advice for specific situations. Cambodia’s tax authorities (GDT) also provide information and assistance for taxpayers, and keeping informed will ensure you stay on the right side of compliance while maximizing the available benefits.

The post Salary Tax in Cambodia: A Comprehensive Guide for Residents and Expatriates appeared first on CBRE Cambodia.

With Cambodia’s economy developing at a rapid pace, the country’s real estate sector has become an attractive investment opportunity for both local and international buyers. How to buy property in Cambodia has become a frequently asked question—particularly among foreigners—who are drawn by the potential for strong returns, relatively affordable prices, and the excitement of a fast-emerging market.

However, purchasing property in any foreign country can be a complex process, especially when local laws prohibit direct land ownership by non-citizens. Understanding these legal frameworks, ownership structures, and procedural steps is vital for securing your investment. This comprehensive guide distills information from various reputable sources and offers a clear roadmap whether you’re Cambodian or an expatriate looking to explore the Kingdom’s flourishing property market.

Why Invest in Cambodian Real Estate?

1. Rapid Economic Growth
   Cambodia’s GDP growth, projected at around 5.8%–6% in the coming years, has spurred infrastructure development and heightened foreign interest in real estate.
2. Favorable Rental Yields
   Depending on the type of property and its location, yields can range from 3.5% to 8%, providing steady returns for investors who choose to rent out their purchases.
3. Affordable Prices
   While prices in major cities like Phnom Penh or Siem Reap have risen, they still remain lower than in other emerging markets in Southeast Asia. This affordability makes Cambodia an accessible option for first-time and seasoned investors alike.
4. Increasing Urbanization
   Rapid growth in Phnom Penh, Siem Reap, and Sihanoukville has created a strong demand for residential developments such as condominiums, apartments, and mixed-use projects—prime opportunities for buyers seeking high-ROI investments.

Key Legal Frameworks and Restrictions

Foreign Ownership Limitations

• No Direct Land Ownership: Article 44 of the Cambodian Constitution and the 2001 Land Law prohibit foreigners from owning freehold land outright.
• Ownership via Condominiums (Strata Title): Foreigners can fully own condominium units located above the ground floor. Per the 2010 Foreign Ownership Property Law, foreigners can own up to 70% of units in a co-owned building.
• Ground-Floor Restriction: Foreigners are not allowed to own ground-floor units directly, as that is considered “land” contact.

How to Buy Land in Cambodia (Indirect Methods for Foreigners)

1. Company Ownership (Land-Holding Company)
   • Requires a 51% shareholding by Cambodian nationals.
   • Allows foreign investors to indirectly control land through a legally recognized entity.
   • Often used for large-scale commercial projects or high-value property investments.
2. Long-Term Leases
   • Leasing periods can extend 15 to 50 years, renewable for up to another 50 years.
   • Grants significant usage rights, including the possibility to construct and develop on the land.
3. Nominee Structure
   • A local Cambodian citizen holds the property title on behalf of the foreigner.
   • Typically less secure and potentially risky unless supported by robust legal contracts.
4. Citizenship Route
   • Foreigners can explore Cambodian citizenship if they meet strict residency or investment requirements, thus gaining the right to own land outright.
   • Generally a lengthy, less common approach.

Property Purchase Procedures for Locals vs. Foreigners

Buying Property in Cambodia for Locals

1. Determine the Title Type
   • Hard Title: Issued at the national level by the Ministry of Land Management, Urban Planning and Construction (MLMUPC). Offers the highest security.
   • Soft Title: Recognized at the local sangkat or district level. Less secure than hard titles and can be subject to disputes.
   • LMAP Title: A digitized version of the hard title with GPS mapping, considered extremely safe.
2. Conduct Title Due Diligence
   • Verify authenticity via the cadastral office or MLMUPC.
   • Check for any outstanding mortgages or disputes.
3. Draft and Sign the Purchase Contract
   • Engage a lawyer for bilingual contract drafting (Khmer and English).
   • Clarify payment schedules, penalties, and any special clauses.
4. Pay Transfer Tax and Stamp Duties
   • Transfer Tax: 4% of the property value.
   • Stamp Duty: Varies between $100–$200 depending on property type.
5. Finalize Registration
   • Submit all documentation to MLMUPC for official registration.
   • Obtain the updated title in your name.
6. Typical Challenges
   • Title Fraud: Especially in rural areas where land documents are less formalized.
   • Delays in Processing: Missing or incomplete paperwork can stall approvals.

Buying Property in Cambodia for Foreigners

1. Choose an Ownership Structure
   • Strata Title (Condominiums): Simplest legal path, limited to units above ground floor.
   • Long-Term Lease or Company Setup: If you need to control land or commercial buildings.
   • Nominee Arrangement (High Risk): Only advisable with ironclad contracts and trusted local partners.
2. Legal Review and Contracts
   • Hire a Cambodian lawyer experienced in property law.
   • Verify that the building and developer have the necessary approvals from MLMUPC.
3. Payment and Taxes
   • Transfer Tax: 4% of the property’s assessed value.
   • Stamp Duty: $100–$200.
   • Capital Gains Tax (Currently Suspended): Cambodia plans to impose a 20% tax on profits from real estate sales; suspended until December 31, 2024.
4. Complete Registration
   • For condominiums (strata title), register with MLMUPC.
   • For leasehold or company ownership, additional steps with the Ministry of Commerce may be required.
5. Common Obstacles
   • Percentage Cap: Foreigners can own up to 70% of a co-owned building.
   • Ground-Floor Prohibition: Cannot own units with direct land contact.

Taxes and Fees Associated with Buying Property

1. Transfer Tax (4%)
   • Applied to both local and foreign buyers.
   • Paid at the time of transfer registration.
2. Stamp Duty ($100–$200)
   • Typically for official paperwork and documentation.
3. Property Tax (0.1%)
   • Calculated annually on property value exceeding $25,000.
   • Not all properties are subject to this if their assessed value is under 100 million riels (~$25,000).
4. Capital Gains Tax (20%)
   • On profits from property sales.
   • Temporarily suspended until December 31, 2024.
5. Legal and Professional Fees
   • Lawyers: $1,000–$2,000 for contract drafting and due diligence.
   • Real Estate Agents: 1%–3% commission (for second-hand properties, typically paid by the seller).
   • Appraisal Fees: Varying costs for property evaluations.

Financing and Mortgages

• Local Banks: Offer loans to both Cambodians and some foreigners, though foreign mortgage options are limited and often require local residency or co-signers.
• Typical Loan Terms:
  • 50%–80% of the property’s value.
  • Interest rates from 7%–10% annually.
  • Up to 25-year repayment periods.
• Developer Financing: Certain property developers offer in-house payment plans with flexible terms, but these may come at higher interest rates.

Common Challenges and Practical Solutions

1. Title Authenticity and Disputes
   • Always verify at the cadastral office or with MLMUPC.
   • Work only with reputable agents or legal advisors.
2. Developer Credibility (Off-Plan Purchases)
   • Research the company’s history, completed projects, and government approvals.
   • Request project details like construction permits, strata title licenses, and safety certificates.
3. Hidden Costs and Fees
   • Clarify all potential fees (e.g., property management, sinking fund, maintenance) before signing.
   • Check for any early payment penalties or hidden charges in developer contracts.
4. Language Barriers
   • Ensure contracts are bilingual.
   • Bring a translator or lawyer fluent in Khmer and English to all negotiations.
5. Regulatory Changes
   • Laws and regulations may update. Follow official announcements by the Ministry of Land Management or consult legal experts to stay informed.

Why Now Is a Good Time to Invest

• Emerging Market Upside: As Cambodia continues to develop, early investments can see strong capital gains, particularly in condos and mixed-use developments in Phnom Penh.
• Dollar-Based Economy: Cambodia’s widespread use of the US dollar for real estate transactions reduces currency risk for international buyers.
• Growing Expat Community: The demand for rentals from expats is strong, especially in urban centers, offering consistent rental yields.

Frequently Asked Questions

1. Can foreigners buy houses in Cambodia outright?
   • Not if it includes land. Foreigners may own up to 70% of units in co-owned buildings above the ground floor.
2. Is it possible to get a mortgage in Cambodia as a foreigner?
   • Yes, but options are limited; some banks may offer loans if you meet specific criteria like local residency.
3. What is the biggest risk when buying property in Cambodia?
   • Title authenticity is a major concern. Always confirm the ownership status through official channels.
4. How do I convert a soft title to a hard title?
   • This process involves land surveying and submission of documents to MLMUPC. Legal assistance is recommended.

Conclusion

Learning how to buy property in Cambodia—or how to buy land in Cambodia—hinges on understanding the legal context, choosing the right ownership structure, and complying with tax regulations. Cambodian citizens enjoy straightforward ownership rights, but foreigners can still leverage methods like strata title ownership, long-term leases, or land-holding companies to capitalize on the Kingdom’s flourishing real estate sector.

A systematic approach—performing thorough due diligence, consulting reputable legal and real estate professionals, and keeping abreast of evolving regulations—can help you secure a sound investment. Whether you’re seeking a high-rise condominium in Phnom Penh, scenic apartments in Siem Reap, or prime commercial property in Sihanoukville, Cambodia’s market continues to offer substantial opportunities for both locals and international buyers.

The post How to Buy Property in Cambodia: A Comprehensive Guide for Locals and Foreigners appeared first on CBRE Cambodia.

Christmas in Cambodia brings a delightful blend of global holiday cheer and the warm, community-oriented spirit deeply ingrained in local culture. Even if you’ve found your compact apartment in Phnom Penh or a modest family home in Siem Reap through a trusted real estate agent, there are still countless ways to infuse your space with the magic of the season.

By selecting a cohesive theme, making the most of limited square footage, and choosing decorations that blend tradition with modern aesthetics, you can transform your home into a cozy, enchanting holiday retreat.

Beyond décor, consider the impact of meaningful gifts to enhance the festive mood. From personalized ornaments that celebrate family bonds to luxury watches symbolizing cherished moments, every choice you make contributes to a holiday atmosphere that is warm, inviting, and memorable.

This guide by CBRE Cambodia provides step-by-step advice on crafting the perfect holiday ambiance, suggests where to shop for decorations in Cambodia, and offers gift inspirations for friends and family.

The Importance and Meaning of Christmas Decorations

Holiday decorating is more than just hanging lights and placing ornaments. It embodies:

1. Family Bonding: Whether you’re gently wrapping tinsel around a small tree or helping your children hang ornaments, the act of decorating is a shared family ritual. It’s an opportunity to spend quality time with loved ones, create treasured memories, and reinforce bonds through laughter, storytelling, and teamwork.
2. Festive Atmosphere: A home aglow with twinkling lights and adorned with seasonal accents uplifts everyone’s mood. In Cambodia’s tropical climate, Christmas décor can provide a refreshing contrast—adding a wintry charm, even as the world outside remains green and vibrant.
3. Tradition and Culture: Incorporating local handcrafted items, such as woven baskets or hand-painted ornaments from Cambodian artisans, can blend global Christmas symbols with your personal heritage. Over time, these decorations become part of your own holiday traditions, passed down from generation to generation.

Before You Begin: Planning Your Holiday Décor

Understand Your Space

• Measure and Assess: Whether you live in a small apartment in central Phnom Penh or a house near the countryside, start by measuring key areas like your living room, entryway, and balcony. Understanding dimensions helps you select appropriately sized décor and avoid clutter.
• Furniture Arrangement: In smaller spaces, consider rearranging furniture to create a focal point for your holiday display—like a cozy corner for a Christmas tree or a reading nook draped with garlands.

Choose a Theme

• Traditional: Classic colors like red, green, and gold instantly evoke the Christmas spirit. Enhance the look with pinecones, ribbons, and candleholders inspired by winter scenes.
• Modern: Sleek whites, silvers, and pastel hues can offer a minimalist yet elegant twist on holiday décor. LED lights, glass ornaments, and metallic accents create a chic ambiance.
• Rustic or Local Flair: Incorporate wooden ornaments, natural fibers, and handmade items from local markets. Think of eucalyptus wreaths, bamboo stars, or décor crafted from dried palm leaves to reflect Cambodia’s natural beauty.

Maximize Small Spaces

• Vertical Decorating: Hang garlands on walls, suspend ornaments from curtain rods, or use a wall-mounted Christmas tree made of driftwood or string lights. These options save precious floor space and add character.
• Foldable and Multi-Functional Décor: Opt for decorations that can be flattened, folded, or easily stored after the season. A compact, collapsible tree or stackable boxes of ornaments are perfect for apartment dwellers.

How Do I Decorate My Living Room for Christmas?

Your living room is the heart of your home, where family members gather to share stories, unwrap gifts, and enjoy holiday treats. Make it shine with these ideas:

Christmas Tree Alternatives

• Tabletop or Wall-Mounted Trees: A mini tree placed on a side table or a tree outline on the wall crafted from string lights can capture the festive mood without overwhelming limited floor space.
• DIY Trees: Create a unique “tree” using dried branches found at local markets, adorned with fairy lights and small ornaments. This approach blends creativity with Cambodian nature-inspired elements.

Lighting Magic

• String Lights: Wrap fairy lights around windows, shelves, or your TV console for a gentle, sparkling glow. LED lights are energy-efficient and work well in Cambodia’s climate.
• LED Candles: Safe, flameless LED candles on a coffee table or mantel add a warm, flickering ambiance reminiscent of traditional candlelit festivities.

Accent Pieces

• Textiles: Switch out standard throw pillows and blankets for ones featuring festive patterns like reindeer, snowflakes, or stars. A plush rug in deep red or forest green can anchor your holiday theme.
• Centerpieces: A simple tray of pinecones, a few locally made clay ornaments, and a small vase of dried flowers or cinnamon sticks can evoke both Christmas and Cambodian artisanal charm.

Mantels and Shelves

• Mini Stockings and Lanterns: Hang miniature stockings or place lanterns filled with small ornaments. If you don’t have a fireplace, a simple shelf can become your holiday focal point.
• Photo Frames: Display family photos in Christmas-themed frames. Consider adding recent holiday snapshots or scenes from Cambodian festivals to create a personal touch that connects local and international traditions.

Christmas Décor for Small Spaces

For studio apartments or compact homes, embrace smart, space-saving strategies:

Wall and Door Décor

• Wreaths: Hang a wreath made of eucalyptus, dried flowers, or locally sourced materials on your door or a focal wall. It’s a welcoming sight for guests.
• Adhesive Decals: Snowflake or star decals on mirrors and windows provide instant cheer without occupying floor space.

Balcony and Window Decorations

• Compact String Lights: Frame your balcony railings or window edges with lights. This not only brightens your interior but also creates a festive exterior view for neighbors and passersby.
• Mini Plants: A small potted rosemary bush or a mini fir-like shrub can bring a hint of “green Christmas” into your Cambodian home.

Storage-Smart Choices

• Foldable Décor: Opt for decorations that collapse for easy storage, perfect if you live in an apartment with limited closet space.
• Recycled and Reusable Materials: Craft ornaments from paper, fabric scraps, or even dried palm leaves. These personal touches are eco-friendly and reflect sustainable values that many in Cambodia appreciate.

Christmas Decorations Indoor Ideas

Think beyond the living room—let every corner of your home radiate holiday spirit:

Entryway Enhancements

• Welcome Mats and Wreaths: Greet your guests with a festive “Merry Christmas” mat and a beautifully arranged wreath. Consider incorporating local flowers or handwoven textiles.
• Seating Area: A small bench or stool decorated with a holiday cushion invites visitors to pause and appreciate your décor.

Lighting Highlights

• Curtain Lights: Hang cascading LED lights behind sheer curtains for a dreamy, starry backdrop.
• Lanterns and Fairy Lights: Place lanterns filled with baubles or string lights on shelves or side tables for subtle, enchanting glows.

Festive Kitchen Touches

• Holiday Linens: Switch to Christmas-themed dish towels, aprons, and oven mitts to brighten your cooking routines.
• Edible Décor: Fill a bowl with colorful ornaments, cinnamon sticks, and dried orange slices for a fragrant, visually appealing centerpiece.

Where to Shop for Christmas Decorations in Cambodia

• Modern Shopping Malls: Aeon Mall or Sorya Center Point often have seasonal sections stocked with ornaments, LED lights, and festive accessories.
• Local Markets and Handicraft Stores: Explore Phsar Thmey (Central Market) or the Russian Market for unique, handmade ornaments and décor items that highlight Cambodian craftsmanship.
• Home Décor Boutiques and Online Platforms: Stores like Urban Living or Beyond Interiors, as well as Lazada and Shopee Cambodia, provide a range of trendy, modern decorations delivered straight to your door.
• Christmas Fairs and Holiday Events: Keep an eye out for seasonal fairs in Phnom Penh or Siem Reap, where artisans showcase their holiday crafts—perfect for one-of-a-kind pieces.

Gift Ideas for Family and Loved Ones (Including Watches)

While decorating sets the scene, thoughtful gifts amplify the festive mood. Consider:

Personalized Gifts

• Engraved Ornaments: Have a family member’s name or initials etched onto an ornament, turning it into a keepsake.
• Photo Frames: Frame a cherished family photo in a holiday-themed frame—perhaps a snapshot from a local temple visit or a family vacation in Kep.

Practical and Cozy Presents

• Home Essentials: Small kitchen appliances (a mini coffee machine, a compact blender) are great for apartment living.
• Cozy Textiles: Luxury blankets, stylish throws, or plush cushions provide comfort during Cambodia’s cooler December evenings, especially in regions with breezier nights.

Luxury Gifts: Watches

• Timeless Pieces: Consider a watch from Tissot, Seiko, or TAG Heuer for men, and Michael Kors, Fossil, or Cartier for women. A watch is more than just a timepiece—it symbolizes the value of the moments you share. This Christmas, you can also take advantage of a special holiday event featuring up to 40% off all authentic luxury watches. It’s the perfect opportunity to select a gift that beautifully captures both quality and heartfelt sentiment, adding even more meaning to your holiday celebration.
• Accompanying Jewelry: Pair the watch with a subtle bracelet or necklace for a complete, elegant gift set.

Sustainable and Tech Options

• Eco-Friendly Hampers: Bamboo utensils, reusable straws, and organic teas send a message of environmental care—a value appreciated globally and increasingly recognized in Cambodia.
• Smart Home Devices: Portable Bluetooth speakers, smart light bulbs, or a Chromecast add convenience and modern flair to any home.

Tips for Budget-Friendly Decorations

• DIY Décor: Upcycle glass jars into candle holders or craft paper garlands from old magazines. These personal touches can be fun family projects.
• Shopping Smart: Check out year-end sales, discounts at local markets, or clearance sections online for deals.
• Repurpose Existing Items: Wrap old boxes as faux gifts for display, or use a large tray, normally for serving fruit, as a festive centerpiece with candles and ornaments.

Conclusion

Decorating your home or apartment for Christmas in Cambodia is an opportunity to blend global holiday traditions with local cultural elements, resulting in a warm, festive environment that resonates with your personal style. By carefully planning your theme, optimizing limited space, and selecting decorations that feel meaningful, you’ll create a holiday atmosphere that delights family and guests alike.

Complement your décor with heartfelt gifts—such as personalized ornaments or elegant watches—to underscore the true spirit of the season: love, gratitude, and shared moments. As you explore Cambodian markets, experiment with DIY projects, and arrange twinkling lights in just the right spots, your home will become a welcoming haven of holiday cheer. May this Christmas season bring comfort, joy, and a tapestry of happy memories that continue to glow long after the festivities have ended.

Additional Resources:

• Local Christmas Markets in Phnom Penh: Discover unique handcrafted ornaments and décor for an authentic cultural touch.
• Online Shopping: Browse Lazada, Shopee Cambodia, or popular home décor stores for budget-friendly options and convenient delivery.
• DIY Inspiration: Explore Pinterest, décor blogs, or YouTube tutorials for creative Christmas craft ideas that suit your style and space.

By combining thoughtful décor, clever space management, and meaningful gifts, you can truly embrace the Christmas spirit in Cambodia and create a warm, inviting atmosphere that family and friends will cherish for years to come.

The post Christmas Decor in Apartment: Clever Tips to Transform Small Spaces Indoors appeared first on CBRE Cambodia.

Property tax in Cambodia is a government levy imposed on the ownership of property, including land and buildings. It is a crucial aspect of the real estate sector, contributing significantly to the country’s revenue, which is used for infrastructure development and public services. As an investor or property owner, understanding the type of tax in Cambodia applicable to your property is vital to ensure compliance and avoid penalties.

At CBRE Cambodia, we are committed to providing you with detailed and accurate information to navigate the complexities of property taxation in Cambodia. This comprehensive guide aims to simplify the intricate tax laws, explain how to calculate property tax in Cambodia, and highlight the benefits of compliance.

Types of Property Taxes in Cambodia

Annual Property Tax (Tax on Immovable Property – TOIP)

What is the Annual Property Tax?

The Annual Property Tax, officially known as the Tax on Immovable Property (TOIP), is a yearly tax levied on the ownership of immovable properties such as land, houses, buildings, and other constructions.

Rate and Threshold

• Tax Rate: 0.1% of the property’s assessed value.
• Threshold: Applicable to properties valued over 100 million riels (approximately $25,000). Properties under this value are exempt.

How is the Property Assessed?

The property value is determined based on the market price, which is evaluated and established by the Prakas of the Minister of Economy and Finance. The assessment considers factors such as location, type of property, and market conditions.

Calculation Example

• Assessed Property Value: $100,000
• Calculation: (($100,000 × 80%) – $25,000) × 0.1%
• Taxable Amount: ($80,000 – $25,000) = $55,000
• Annual Property Tax Due: $55,000 × 0.1% = $55

This means that for a property valued at $100,000, you would pay $55 annually as property tax.

Transfer Tax

What is the Transfer Tax?

The Transfer Tax, also known as registration tax or stamp duty, is imposed on the transfer of property ownership, whether through sale, exchange, or any other means of transferring rights over a property.

Tax Rate and Applicability

• Tax Rate: 4% of the property’s transactional value.
• Applicability: Payable within three months of the property transfer, typically by the buyer unless otherwise negotiated.

Calculation Example

• Property Sale Price: $200,000
• Calculation: $200,000 × 4% = $8,000
• Transfer Tax Due: $8,000

When purchasing a property for $200,000, the buyer is required to pay $8,000 as transfer tax.

Unused Land Tax

What is the Unused Land Tax?

The Unused Land Tax applies to land that remains undeveloped or unutilized, including non-constructed land and vacant constructed land as determined by the Unused Land Appraisal Committee (ULAC).

Tax Rate and Applicability

• Tax Rate: 2% of the land’s market value.
• Applicability: Levied annually on land classified as unused.

Calculation Example

• Land Market Value: $50,000
• Calculation: $50,000 × 2% = $1,000
• Unused Land Tax Due: $1,000

If your land is valued at $50,000 and is deemed unused, you must pay $1,000 annually as unused land tax.

Stamp Duty and Registration Fees

What are Stamp Duty and Registration Fees?

These are fees charged during the registration of property ownership and the transfer of property rights, formalizing property transactions and ensuring legal recognition.

Rates and Purpose

• Stamp Duty Rate: Ranges from 1% to 2% of the property’s value.
• Purpose: To maintain accurate records of property ownership and support administrative processes.

Capital Gains Tax

What is Capital Gains Tax?

Introduced in April 2020, the Capital Gains Tax is a flat rate tax of 20% applied to the profit gained from selling immovable property. Its implementation was delayed to January 2022 due to the COVID-19 pandemic.

Applicability and Calculation

• Applicability: Individuals selling property at a profit.
• Calculation: Capital Gains Tax = (Sale Price – Purchase Price) × 20%

Calculation Example

• Purchase Price: $150,000
• Sale Price: $200,000
• Capital Gain: $200,000 – $150,000 = $50,000
• Tax Due: $50,000 × 20% = $10,000

Property Rental Tax (Immovable Property Rent Tax)

What is Property Rental Tax?

Income earned from rental properties is subject to the Immovable Property Rent Tax.

Rates for Residents and Non-Residents

• Cambodian Nationals: 10% of the gross rental income.
• Non-Residents: 14% of the gross rental income.

Calculation Example

For Cambodian Nationals:

• Monthly Rent per Unit: $800
• Number of Units: 5
• Annual Rent per Unit: $800 × 12 = $9,600
• Total Annual Rent: $9,600 × 5 = $48,000
• Tax Due: $48,000 × 10% = $4,800

For Non-Residents:

• Tax Due: $48,000 × 14% = $6,720

How to Calculate Property Tax in Cambodia

Detailed Steps for Calculation

1. Determine the Tax Base (Assessed Value):
   • The tax base is established by the Prakas of the Minister of Economy and Finance.
   • It involves the property’s market price, size, type, and location.
2. Apply the Relevant Tax Rate:
   • Use the specific rate for the type of tax (e.g., 0.1% for Annual Property Tax).
3. Deduct Applicable Exemptions:
   • Subtract any exempted amount (e.g., $25,000 for properties valued under this amount).
4. Calculate the Tax:
   • Use the formula:
     Property Tax = ((Tax Base × 80%) – $25,000) × 0.1%

Sample Calculation

Let’s calculate the Annual Property Tax for an apartment building:

• Building Type: Reinforced concrete structure
• Age: Less than 10 years
• Location: Toul Kork district
• Land Size: 30m × 40m
• Building Size per Floor: 15m × 20m
• Number of Floors: 4
• Land Price per sqm: $1,700

Calculate Land Price:

• Land Price = 30m × 40m × $1,700 = $2,040,000

Calculate Building Price:

• Ground Floor (E0): 15m × 20m × $250 = $75,000
• First Floor (E1): 15m × 20m × $200 = $60,000
• Second Floor (E2): 15m × 20m × $150 = $45,000
• Third Floor (E3): 15m × 20m × $150 = $45,000

Total Property Value (Tax Base):

• Tax Base = $2,040,000 (Land) + $225,000 (Building) = $2,265,000

Calculate Property Tax:

• Property Tax = (($2,265,000 × 80%) – $25,000) × 0.1%
• Property Tax = ($1,812,000 – $25,000) × 0.1% = $1,787,000 × 0.1% = $1,787

Tax Payment Deadlines and Penalties

Annual Payment Obligations

• Annual Property Tax, Unused Land Tax, and Property Rental Tax: Must be paid annually by September 30th.
• Capital Gains Tax: Payable within 3 months of the property sale.
• Transfer Tax: Required at the completion date of the transfer process or when requesting a hard title for the property.

Common Procedures on Tax Payment

Required Documents

• Identification: National ID card, birth certificate, or passport.
• Family Book or Residence Letter.
• Tax Forms:
  • Tax Form PT01: Details about the property.
  • Tax Form PT02: Tax application form.
• Additional Documents (as applicable):
  • Copy of Patent Tax Certificate.
  • Previous year’s tax receipt.
  • Property transfer application or sale contract.
  • Specific tax forms issued by the GDT.

How to Pay

• In-Person: At local tax branches or partner banks such as ACLEDA Bank, Canadia Bank, Vattanac Bank, or Cambodia Public Bank.
• Online: Through the e-Tax service on the General Department of Taxation’s official website or the GDT Taxpayer App.

Penalties for Violations of Tax Implementation

Under the newly amended Royal Krom No. NS/RKM/0523/004 (“Law on Taxation”), strict measures have been reinforced to combat tax evasion and obstruction. Here are the penalties:

Fine Penalties of 5,000,000 riels (Approximately $1,250)

• For failure to register with the Tax Administration.
• Not filing tax returns.
• Not informing the Tax Administration of any changes in registration.

Fine Penalties of 10,000,000 riels (Approximately $2,500)

• For failure to issue invoices.
• Not using a recording system as determined by the GDT.
• Not providing requested information or reports.
• Failure to keep accounting records or other documents.
• Not permitting the Tax Administration to check records or documents.

Fine Penalties of 50,000,000 to 100,000,000 riels (Approximately $12,500 to $25,000) or Imprisonment from 1 month to 1 year

• For obstructing tax assessment and collection.
• Producing fake documents or reports.
• Concealing or intentionally destroying accounting records.
• Issuing fake invoices.
• Not permitting the Tax Administration to assess and collect taxes.

Additional Criminal Penalties

• Individuals pretending to be tax agents without certification.
• Failure to pay collected tax.
• Unauthorized tax collection.
• Legal entities may face fines up to 10,000,000 riels (Approximately $2,500) or imprisonment up to 3 years.

CBRE Cambodia emphasizes the importance of compliance to avoid these severe penalties.

Benefits of Complying with Property Tax in Cambodia

Financial Benefits

• Avoidance of Penalties: Timely payments prevent additional fees and legal consequences.
• Home Loans: Compliance enhances your eligibility for larger loans when applying for a new property.

Legal Benefits

• Property Registration: Proper tax registration facilitates more convenient and efficient property registration processes.
• Secure Ownership: Ensures your ownership rights are protected under Cambodian law.

Social Contribution

• Infrastructure Development: Taxes fund public infrastructure projects like roads, schools, and hospitals.
• Public Services: Supports essential services and contributes to the country’s development.

Common Challenges and FAQs

Challenges Faced by Taxpayers

• Understanding Complex Tax Laws: Navigating the intricacies of tax regulations can be daunting.
• Property Valuation Disputes: Differences between assessed value and market value.
• Keeping Up with Regulatory Changes: Staying informed about new laws and amendments.

Frequently Asked Questions

1. What currencies are used in Cambodia?

Two currencies are used: the Khmer Riel (KHR) and the US Dollar (USD).

2. What property is taxed in Cambodia?

Property tax applies to immovable properties valued over $25,000 (KHR 100 million), including land, houses, buildings, and infrastructure. Properties under this value, state-owned lands, agricultural land, and industrial land are exempt.

3. When must property taxes be paid in Cambodia?

Property taxes must be paid annually by September 30th.

4. How is property tax paid in Cambodia?

Payments can be made at local tax offices or through banks like ACLEDA Bank, Canadia Bank, Vattanac Bank, or Cambodia Public Bank. Online payment is also available via the GDT’s e-Tax service or Taxpayer App.

5. How is property tax calculated?

Property tax is calculated using the formula:

Property Tax = ((Tax Base × 80%) – $25,000) × 0.1%

6. Sample Calculation for Property Tax

Refer to the detailed sample calculation provided earlier in this guide.

7. What is the property transfer tax?

A 4% tax imposed on the transfer of property ownership, payable within three months of the transfer.

8. Sample Calculations for Property Transfer Tax

Using the tax base from the sample calculation:

• Transfer Tax = $2,265,000 × 4% = $90,600

9. What is the tax for unused land?

A 2% tax on the market value of land classified as unused by the ULAC.

10. What is the taxation for property rentals?

• Cambodian Nationals: 10% of gross rental income.
• Non-Residents: 14% of gross rental income.

11. Sample Calculations for Property Rental Tax

Refer to the calculation examples provided earlier.

12. What is capital gains tax?

A 20% tax on the profit from selling immovable property, applicable from January 2022.

13. Conclusion

Understanding these taxes is vital when purchasing property in Cambodia. CBRE Cambodia is here to assist you with professional guidance to ensure a smooth and risk-free property investment.

Conclusion

Navigating the complexities of property tax in Cambodia is essential for property owners, investors, and developers. Compliance ensures legal protection, financial benefits, and contributes to the country’s development.

At CBRE Cambodia, we are dedicated to providing expert advice and the best offers available in the market. Our team is ready to assist you with detailed consultations on real estate investment in Cambodia.

The post Guide to Property Taxes in Cambodia: Understanding Obligations and Benefits appeared first on CBRE Cambodia.

What modifications or renovations can you make to a property while you are renting?

      In most rental contracts, you will notice that one clause or term of condition will state a provision that tenants are not authorized to make modifications to the rental property freely. This condition is legally a right to the owner as they are the actual owner of the property, thus making unconsented modifications will result in a breach of contract. 

During or after the rental term ends, tenants can lose their safety deposits, or even get sued by the landlord for claims of damaging their property. 

What should tenants do before making renovations?

      This, however, does not mean that tenants cannot make any renovations to the place to make it feel like a home. It is advised that tenants ask their landlords for permission first before they make any renovations. When making modifications to the rental property, whether big or small, you should inform the landlord beforehand and persuade them by either proposing that it will be an improvement to the property or that you will restore it to its original state after the rental terms. It is highly encouraged to get written consent from the landlord for big changes to avoid issues afterward. 

What kind of modifications to rental property can tenants make? 

      It is understandable why tenants want to make renovations to their rental properties, so they can make the place more like their home. Although tenants should inform the landlords before making adjustments to the place, there are some modifications that do not require the landlord’s consent. Either way, tenants should remain cautious so here are some listed modifications to guide tenants: 

Modifications Without Requiring Landlord’s Consent:

      Here are some common modifications tenants can make to their rental property without having to ask for the landlord’s permission beforehand: 

• Having temporary wallpaper to customize the space of your liking   
• Removable adhesive wall hooks, frame hangers, wall mounts, and other decorative items that are easy to remove afterward, etc
• Using temporary window films, adhesive tiles, or flooring tiles to decorate the space and for safety measures 
• Changes to light fixtures or using LED lights to lighten up the space according to your taste 
• Switch curtains, showerheads or other hardware around the house, but make sure to keep the original 
• A wireless doorbell is also a modification you make for your safety that does not need to inform the landlord  

Modifications Requiring Landlord’s Consent 

     For heavy or large-scale modifications to the rental property, tenants would definitely inform the landlord and ask for their consent before making those changes. Here are lists of some modifications you should ask the landlord beforehand: 

• Big renovations that can damage or permanently change the surfaces or property structure
• Any modifications that will result in further modifications to common areas or other nearby properties  
• Permanent changes of the flooring, carpets, toilet or removing a door or wall
• Painting the house without discussing it with the landlord 
• Installment of hardwired security systems or cameras
• Tampering or deactivation of the property’s safety devices such as smoke alarms, electrical safety switches 

What can tenants do to make renting residential properties feel like home?

         Living at a rental residence does not essentially mean you cannot make the place feel like home. With the goal to help lessen expenses and create a lovely home of your own, here are some ideas that tenants could try out to make the place more like home:

• Decorating with minimalist style: For those who prefer to have a minimal, clean, and soothing lifestyle, you might want to consider having a neutral color theme to the wallpaper, furniture, mattresses, etc. You can also add some memorable pictures hanging on the walls, and have some compatible pieces of furniture

• Decorating for a lively and natural home: house plants are very trendy and pleasing to have when at home. For anyone with indoor plants, you can also add some leafy decorations to different areas of your house such as in the living rooms, balconies, or even in the shower, etc. Rugs and soft cushions are also a great match for those who like to read at home as well

• Decorating for a classic and modern living space: tenants may want to stick to a classic modern vibe while renting the property. For a classic look, tenants may want to decorate the place with sizable furniture and make use of the space without overcrowding. Some color themes suggested are white, grey, beige, light green or blue, and a few other natural shades. 

• Additional decoration tips: If you prefer to spend less time and budget on decorating, you might want to consider just rearranging some of the furniture, adding a few loose decorative furniture, changing the lights, and making some easy DIYs that are personal or meaningful to you.  

How to ensure that you’ll get your safety deposit back after the rental term ends?

         In general, the landlord requires the tenant to make a safety deposit for the rental properties and will return it afterward if there is no breach of contract. Nonetheless, it is still important that tenants, especially those who make modifications to the property, keep in mind a few things during their stay to ensure they will get back the safety deposit. These are some important factors tenants should follow:  

• Tenants should make sure to read the contract before signing and remember important clauses of the contract 
• Modifications should not damage the property or its structure
• Any change of hardware, furniture, or temporary fixes should be returned to the original state or kept safely 
• Large-scale modifications to the property are allowed by the landlord with written consent
• Make sure to make rental payments on time or inform the landlord beforehand if making a late payment by a few days 
• Take caution that the residential property and other included amenities are properly used and cared 
• Any issues such as leakage clogged drains, issues with the air conditioner, hot & cold water, etc. are informed to the landlord immediately to avoid problems when moving out 
• Keep the place nice and tidy when moving out or you might have some deduction from the safety deposit for cleaning services

      Renting a residential property is a great financial solution for young adults and anyone who prefers a temporary stay. Renting instead of buying a residential property offers more flexibility, convenience, and ease of financial burdens. Although it can be inconvenient in terms of having limited authority in making modifications to the place, tenants can still find it possible to create a lovely home. If you are interested in finding great rental residential property offers, feel free to contact CBRE real agents for more detailed information.

The post What modifications or renovations can you make to a property while you are renting? appeared first on CBRE Cambodia.

How to safely and legally purchase land?

Property Background Check

     Investors interested in purchasing lands are highly encouraged to conduct a background check on the property before making final decisions. In Cambodia, land properties are registered with either soft titles or hard titles. Soft title lands are more at risk of land ownership claims and disputes than hard title lands. A title search is, therefore, crucial to ensure investors are dealing with the right owner and to learn if there are registered mortgages and other information on the land. Investors can request a copy of the land title from the Ministry of Land Management, Urban Planning, and Construction. The background check should also include checking whether any zoning and land use restrictions may restrict development. 

Negotiate On Property Price 

     The second process investors inevitably have to go through is the negotiation stage. Negotiating on the offer can be efficiently done with advanced research on the property market value and a clear financial budget in mind. Nevertheless, investors should remember that this negotiating process may take up some time and effort before reaching a final satisfactory deal. With that in mind, it is highly recommended that investors have professional real estate agents to help smoothen the process. Some tips for negotiating a deal on land purchase is to be direct on the deal you are willing to pay for, banter with an initial offer that is less than what the seller proposes to lower the price, and learn of recent sales offer to propose an offer most likely to be accepted by the seller.    

Writing Up A Contract Deal

     Before reaching the end of the land-purchasing deal, buyers have to write up a contract for the purchase. According to the land law, a purchase contract for a land plot in Cambodia should be in written form with authentic deeds forms including a written contract by the notary, and a contract sealed by the commune, Sangkat, district, or Khan administration. In general, the land sale and purchase contract should include the following: 

• The identity of the parties involved and relevant information on the seller and buyer 
• A description of the land or immovable property with details such as location, land size, and other identification of the land
• Inclusion of the agreed sale-purchase price, and written clarification of the party responsible for the taxation fees, registrations fees, ownership transfer fee, legal services, and other applicable fees
• The payment method for the purchase should be listed in the written contract with details such as mortgage terms, deposited amounts, total purchase price, etc
• Notable written details on a timeframe for the registration of ownership transfer, terms, and conditions, as well as the process for the handover of the land property, should also be included in the written contract

Land Ownership Transferring 

     Transferring the ownership of land property is the final process to purchase land safely and legally. Registration for the transfer usually takes between three to six weeks or longer for the process to be completed depending on the land property. However, soft titles land transfer may take less time to process the ownership transfer. These are the final process for the ownership transfer: 

• Both the buyer and seller are obliged to submit the required documents and property transferring application to the Ministry of Land Management, Urban Planning, and Construction. 
• After applying, either the buyer or seller has to pay the transfer tax before completing the registration process at the Cadastral office. The land ownership transferring process will require a thumb-printed and written signed contract between the seller and buyer. 
• The final step of this process is awaiting the certificate of title issued by the Municipal Land Office.                 

          With an increase in the development plan for more urban centers as well as strategic development plans set out by the government, land investment in Cambodia foresees great outcomes shortly. Whether you are looking to purchase land in the city or provinces, you can anticipate a high return rate from your investment.​​​ To safely purchase land in Cambodia, investors should definitely have a background check on the property to get all the necessary information. Having good negotiating skills, writing up a contract deal, and processing the ownership of the land is a crucial steps well. Investors who are looking for land investment are highly encouraged to get extra help from real estate agents. Contact the CBRE team for assistance on your land investment and the best offer in the market!

Click here to read about: Can Foreigners Own Land in Cambodia?

The post How to safely and legally purchase land? appeared first on CBRE Cambodia.

What are the Steps involved in the Home-Buying Process?

        Despite what feels like a simple task, buying a house or any residential property is definitely not as straightforward as it seems. To help with your home-buying process, here are the 5 most important steps you should do before, during, and after the home-buying process. 

Step 1: Conduct A Self-Evaluation  

       Self-awareness and learning where your priorities lay is fundamentally the first step home buyers should go through. Before many haste decisions on a property, home buyers should first evaluate their own stance in buying a residential property. These are some pointers home-buyers should consider during this step: 

• Financial Capability:  

     Validating your financial condition is crucial before making any big purchase such as a house. As it is a part of the necessity of the household to have a decent home, a commonly allocated budget is usually 30 percent to 50 percent of the household income. This budget can be flexible base on family preferences. Having efficient financial management will ensure that even after purchasing a new house, the family will be able to live a standard quality of life even after the purchase of the new house.             

• Ideal Housing Preference: 

          It can be overwhelming for home buyers with a pool of listed housing on the market. To save from spending too much time on this unnecessity information, home buyers should have a list of their specific requirements including location, size, age of the building, and the surrounding environment. The changes in the distance from the city center will change the price of the house. It is also beneficial that buyers have the purpose for buying the property in mind as well. In addition to the housing type, buyers should consider noting down the specific details they want for their future house: the house size, number of rooms, available space, structure, design, etc. Criteria such as property age, condition, location, neighborhood, and living environment are also important to consider too.  

• Financing Options:

         Once aware of their financial capability and what an ideal house would look like, buyers should also understand the financing options most suitable for them. This part will help buyers understand the finance source for their home buying. Finance sources can be personal savings, support from family, or taking loans from banks. Home buyers benefit greatly from having complete control over their future spending, which includes paying for monthly interest rates and amortization costs. Additionally, it also helps to minimize the risk of having insufficient funds to hold onto their property in the future.

Step 2: Property Searching

       The second step home-buyers should take is conducting a good property search before the purchase. The property searching processes can be understanding the quoting price of the listed residential property, the price, developer profile, legal and quality aspects. Doing research will help give up an upper hand in striking a deal or during the deal-closing process later on. Some of the things buyers should know include the current market price for the residential properties, types of properties that are on trend, and areas that are developing. Buyers should also get to know the available payment method such as down payment terms, where they can get mortgage loans, as well as knowing which loan term and rate is appropriate. During this step, buyers are highly encouraged to get assistance from real estate agents to help with the process. Real estate agents can help guide buyers with properties that align with their budget, negotiate the deal, and helps with the paperwork.  

Step 3: Start House-hunting 

         House-hunting is an exciting step for buyers to enjoy. However, it can be energy-consuming and stressful too as it is recommended to consider multiple options. With assistance from real estate agents, you will find the process to be more convenient. With the agent’s networking and property lists, they can direct you to properties most suitable for you easily. Additionally, buyers can also check out property listings on the CBRE website to find the best offers on residential sale listings. In this step of the process as well, buyers should eliminate options down to the top 3 options to choose from. Once you have the top 3 options, it is recommended that you make a property visit directly to properly check each option before making the final decision. After coming to a satisfactory decision, the buyer can start making an offer to the property seller.    

Step 4: Securing Your Finance and Deal 

   Before reaching the final step, the home buyer has to thoroughly involve with securing both the deal and financial matters. At this step, buyers are suggested to make a final inspection of the housing property to ensure that the property is in great condition. After the inspection, the buyer can start negotiating on the price, and the terms and conditions of the offer with the seller while also securing the loan to be approved once requested. During this step, the real estate agent can help strike a good offer and with the negotiation for the buyer too. Although it will help ease some of the burdens, the buyer should participate in the negotiations talks still.     

Step 5: Closing the Deal 

         The final step in the home-buying process is closing the deal and the handover process. This last step requires professional help with both the paperwork and ensuring that every process is done legally. Along with the assistance of the lawyers and agents, drafting the terms and conditions for the final preview will be finalized at the negotiation stage. It is important to also check your own documents and the buyer’s document for legitimacy before signing and processing the legal work. For those who requested a mortgage loan, the participation from the bank or financial representative will also be involved during the deal closing step. Once the legal work is processed, you have successfully owned the property. 

         Buying a residential property provides us with stability and security. Therefore, although the home-buying process can be challenging, the effort is worth it. Besides, this process doesn’t have to be as stressful with the help of real estate agents. If you want to conveniently and efficiently purchase residential properties, do not hesitate in contacting CBRE’s real estate agents for consultations and assistance.

The post What are the Steps involved in the Home-Buying Process? appeared first on CBRE Cambodia.

 Top 10 Prime Location Residential Properties for Sale

        Purchasing a residential property is a wise decision, but acquiring one at a prime location offers even greater benefits, whether as a place to live or as a future investment opportunity. Discover more about residential sales offers carefully selected by CBRE, showcasing the best locations, as you read below!

10. Whole Floor Studio Apartment | Chamkarmon 

      If privacy and quality family time are important to you, then this spacious apartment in Chamkarmon is the perfect match for you. With the entire second floor exclusively for your use, this serviced apartment studio features  3-bedrooms, 3 bathrooms, 2 living rooms, and a spacious balcony. Spanning 216 square meters, this apartment is ready for immediate move-in. 

             The apartment boastsan eye-catching classic vintage interior design while providing a modern living environment for the entire family. Its strategic location near the Vattanac Tower, commercial buildings, and grade-A office spaces ensure convenience and accessibility for every member of your household. This studio apartment is an excellent choice for residential living, as an office space, or as another valuable business investment.  

9. Spacious Apartment With River View | Daun Penh 

    If a vibrant city lifestyle is what you seek, look no further than this river-view apartment in Daun Penh. Situated in close proximity to the Royal Palace, the National Museum, and the Night Market, this apartment offers an exciting atmosphere to enjoy throughout the day. Additionally, you can indulge in a healthy workout routine at the nearby riverfront park. Commuting to and from this apartment is also a breeze, given its central city location.

This apartment is particularly well-suited for expats or modern families seeking a special stay. With 3 bedrooms, a spacious living room, a wide outdoor balcony, a mini lounge, and an additional mezzanine room, it provides ample living space. The opportunity to reside on the 3rd floor with a riverfront view at such an affordable price is simply irresistible. Don’t miss out on this offer!

8. Ready-to-move in Townhouse | Chamkarmon 

    In need of an immediate living space? We’ve got you covered! Take a look at this exceptional townhouse located near the Independence Monument. These residential properties offer more than just a place to live; they provide an artistic living environment and easy access to a healthy lifestyle, with parks just 2 minutes away from the Independence Monument. The location is convenient for those leading busy lives, allowing for easy commuting within the city and enjoying leisure activities with ease.

Designed by European architects, this townhouse boasts a unique interior design and layout that sets it apart from local houses you’ve seen before. With 3 bedrooms and 3 bathrooms, it offers convenient living space for the whole family. Additionally, the townhouse features a spacious working area, a living room, and a separate dining area from the kitchen, providing both individual and family time options. The open glass roof adds natural lighting and a lively atmosphere to the home. Prepare to move in seamlessly with fully furnished furniture.

7. Corner Residential Land | Toul Kork 

     Consider this corner land for sale in Toul Kork for your next personal residential project or commercial building development. With a generous land size of 268 square meters, this property is suitable for constructing a villa, apartment building, or even commercial spaces for rental purposes. It is conveniently located within a 10-minute drive from the Toul Kork Roundabout and in close proximity to supermarkets, schools, cafes, hospitals, and entertainment and leisure establishments.

This location holds significant potential for various investment and business opportunities. The land faces northeast and occupies a prominent corner position along the main road. Currently available on the market at a highly profitable price, the sale of this residential land includes a hard title transfer as well. Don’t miss out on the chance to make a lucrative investment in this remarkable property!

6. 5-Bedroom City Center Villa | Toul Kork 

      Discover your ideal family home in the heart of Toul Kork with this classic and inviting villa. Offering a secure and spacious living environment, this villa features a generous front yard for parking and outdoor activities. Situated on a 10m x 30m plot of land, the house itself spans 8m x 17m and boasts 5 bedrooms, 5 bathrooms, 2 living rooms, and a kitchen.

The entire family can enjoy quality time together in the comfort of this home, or take advantage of the nearby commercial facilities at TK Avenue. Additionally, the villa’s prime location provides easy access to schools, pharmacies, hospitals, office spaces, restaurants, gyms, and various entertainment venues.

5. Main-road Residential Shophouse | 7 Makara 

    Get the best offer for both residential stays and start your own business or rent out to tenants with this shophouse located at Mao Tse Tung Blvd, 7 Makara. With a land size of 271 square meters, this shophouse is constructed with three floors and boasts an impressive 10-meter frontage. It is situated in a prime location, offering a comfortable stay for your family while also providing the opportunity to open a business.

In addition to its main street location, this two-story shophouse is conveniently situated near the Embassy of the People’s Republic of China, Toul Tompong Market, and the Point Community Mall. The whole family can enjoy the convenience of city living and easily access various destinations without having to drive long distances.

4. Luxurious Contemporary Villa | Chamkarmon 

    For those with a preference for modern and contemporary art, this exquisite villa located in Chamkarmorn presents an exceptional choice. With a generous house size of 13m x 17m and a spacious land area of 456.3 square meters, this luxurious villa offers ample living space. It is conveniently situated within a 5-minute drive to the Russian Market, Phsar Daem Thov Roundabout, and near Street 271.

Not only does this villa provide hard title ownership at an attractive price point, but it also boasts high construction quality, a well-designed housing structure, and a convenient location. With 8 bedrooms, 7 bathrooms, a separate kitchen, a large living room, and a rooftop with a maid room, this villa comfortably accommodates a large family. The outdoor terrace area is generously sized, providing ample space for bonding time and family gatherings.

3. Elegant European-Styled Villa | Chamkarmon 

     This exceptional villa is crafted and designed with inspiration from European aesthetics, creating a truly unique living space. Located in BKK3, within the central business district and a highly sought-after residential area, this property offers both convenience and popularity. With a land size of 83 square meters, it provides ample space for parking, outdoor areas, and a serene environment surrounded by nature.

The villa itself spans 440 square meters and comprises 6 bedrooms, 5 bathrooms, an open living area, and a kitchen. One extraordinary feature of this villa is the indoor fishpond, creating a captivating and tranquil atmosphere that enhances the overall living experience. This property comes with a hard title ownership transfer at a great price and is ready for immediate occupancy.

2. Private Standalone Villa | Por Sen Chey 

        This luxurious standalone villa is located in the fast-developing area of Sen Sok, offering excellent returns on investment in the near future. With utmost privacy in mind, this villa is perfect for families seeking a standalone residence. Enjoy the convenience of nearby shopping malls, community malls, schools, and more, ensuring effortless daily activities and commuting. Furthermore, this versatile villa can also be used as both a residential and office space.

The villa’s spaciousness allows for a healthy and relaxing stay for the family. With a generous land plot of 1,737 square meters and a 14-meter frontage, there is ample space for gardening, sports, and outdoor activities. Boasting 7 bedrooms, 7 bathrooms, a well-equipped kitchen, a library, a spacious office space, a comfortable living room, and a dining area, this villa provides all the necessary amenities. Additionally, a swimming pool is located near the villa, adding to the overall appeal. With its warm interior design and tasteful wooden furnishings, this villa harmoniously blends classic and modern aesthetics.

1. 3-Story Residential Shophouse | Daun Penh 

           This 3-story shophouse in Daun Penh is a versatile residential building, offering ample space for residential or commercial purposes. With a land size of 57 square meters and a usable area of 228 square meters, this building presents a wide range of investment opportunities for owners. It allows for easy renovation into office spaces, concept stores, or other business ventures. Located in a bustling business district, it strikes the perfect balance between commercial potential and high-yield returns.

Situated in a family-oriented neighborhood, this shophouse provides a warm and friendly environment for living. The 3-story layout accommodates 4 rooms and is thoughtfully designed to prioritize comfort and functionality. The unit features airy and spacious interiors, allowing an abundance of natural light that contributes to your well-being. Additionally, the building’s city location ensures convenient commuting to various destinations.

One savvy approach to purchasing real estate or making an investment is to wait for the opportune moment. With these exceptional offers, now is the perfect time to turn that investment into a reality. Our carefully curated list of the top ten properties provides the quickest and most convenient way to select the best residential property, considering affordability, quality of living, environment, and prime location. If you would like more information about each property, don’t hesitate to contact our CBRE Residential Services Team at 085 222 744 or sovanpech.com@cbre.com to schedule an appointment.

The post Top 10 Prime Location Residential Properties for Sale appeared first on CBRE Cambodia.

Top 5 High-rise Condominium Projects For Sales with the Best River View in Phnom Penh

     In addition to living in the condominium themselves, condominium owners can choose whether to rent the condominium as a residential property, Airbnb, or a commercial property for rent to a variety of tenants. Ultimately, a condominium can provide both conveniences as a high-luxury residence and another source of passive income for owners. In addition to the pricing offers, buyers must consider the properties’ quality, size, living environment, and other qualities that contribute to a comfortable lifestyle. These are the top 5 high-rise condominium projects for sale that meet all the requirements as the best condominiums available.

5. Modern 2-Bedroom Condominium with Mekong River View | Chroy Chongvar 

       Living in luxury without having to spend excessive amounts of money is a dream come true, and this modern high-rise condominium can easily turn that dream into reality. Situated on Mekong River Street in the prime location of Chroy Chongvar, this 22-story condominium offers easy access to the city, as well as nearby malls, restaurants, cafes, and more, all within minutes of driving. Notably, this condominium is pet-friendly and provides a serene and tranquil living environment, boasting the best river views of both the Mekong River and Bassac River, making it one of the most highly sought-after condominiums in the area.

The condominium features two spacious bedrooms, a living room, separate bathrooms, and a kitchen, along with an outdoor balcony on the 21st floor. Additionally, as an owner, you will enjoy unparalleled privacy, 24-hour security, internet and cable TV access, air conditioning, hot and cold showers, and a robust fire security system.

4. Stunning Riverfront View Condominium | Chroy Chongvar 

       The essence of this condominium lies in offering a healthy and high-quality living standard. Conveniently located within just 150 meters from the Chroy Chongvar bridge, the owner of this condominium can easily access groceries, daily necessities, food, drinks, and various leisure activities in the vicinity. Residents can enjoy a healthy and active lifestyle with amenities such as a fully equipped gym, infinity pool, and mini sky bar. From the 13th floor, the owner of this condominium can savor a refreshing breeze and take in the relaxing river views of the Tonle Sab and Mekong River directly from the balcony. The unit features 2 bedrooms, a living room, a kitchen, and comes with additional amenities including an oven, washing machine, air conditioning, and hot and cold showers. Remarkably, this stunning condominium is not only available at an affordable price, but it also offers a monthly Guaranteed Return Rental package of $1500 for over two years, making it an attractive option for investors. Experience a safe, healthy, and stress-free living environment at this condominium in Chroy Chongvar today! 

3. High Floor River View Studio Condominium | Chroy Chongvar 

       Are you looking for a simple yet premium condominium? Allow us to introduce you to this exquisite studio condominium located on the 13th floor in Chroy Chongvar. With its classic white interior design, raised tiled floors, and minimal yet bright lighting, this condominium offers a sophisticated ambiance. Residents will be treated to a breathtaking riverfront view, maximum security surveillance services, access to a rooftop sky bar and swimming pool, and private parking spaces. Commuting to and from this condominium is incredibly convenient, as it is only a 5-minute drive from the French Embassy and within 3 minutes of Lucky Supermarket. With its serene view, residents can enjoy a relaxing stay while taking in the best views of the city and riverside.

2. Luxury 1-Bedroom Condominium With Beautiful River View | Chbar Ampov 

      Introducing the hottest deal ever for a river view condominium: a stunning 1-bedroom unit located in Chbar Ampov. This condominium offers a prime location, being just a 15-minute drive away from both the Phnom Penh Port and the new international airport, with an excellent view of the Bassac River and Mekong River. Positioned between these two rivers, residents can relish the natural clean air while enjoying the picturesque riverside scenery. The condominium boasts top-notch facilities and the highest standard of quality, seamlessly blending visual elegance with modern and traditional Cambodian culture. The unit itself features a luxurious interior design and an innovative layout designed to provide the utmost comfort for a desirable lifestyle. Most notably, residents can indulge in a breathtaking 270-degree view of the river at any time of the day. Beyond the magnificent view, this condominium offers an ideal environment for maintaining a healthy lifestyle, ensuring the well-being of both the mind and body.      

1. Private Condominium With Waterfront River View | Chroy Chongvar 

     Immerse yourself in an elegant and luxurious lifestyle within this private, high-end residential condominium located on the 44th level. The residents of this Chroy Chongvar condominium will enjoy unparalleled comfort, convenience, and ease both inside and outside the premises of the condominium. Positioned on the city side, this condominium offers a breathtaking panoramic view of the Tonle Sab River and the cityscape, with convenient access to nearby grade-A office buildings, restaurants, entertainment venues, leisure activities, and other commercial establishments. Residents can indulge in a wide range of exceptional facilities, including the largest infinity pool, a sky gym, a fitness center equipped with yoga facilities, a sauna, a badminton court, as well as fine dining options, a stylish bar, and a host of other facilities. This condominium seamlessly integrates international 5-star hotel management standards and suitable energy consumption technology. Don’t miss out on the opportunity to experience this extraordinary and luxurious lifestyle with this unbelievable offer. Take the chance to elevate your living experience to new heights. 

       Many local buyers and investors are taking advantage of the vast discounts on high-end condominium sales offers, and you should too! Don’t miss out on the opportunity to own a residential condominium or invest to generate additional income streams. Our curated list of the top 5 high-rise condominium projects not only offers the best affordable price on the market but also provides a high-standard living environment, exceptional quality, and even stunning river views from the residential spaces. 

If you’re interested in learning more about any of our selections, please feel free to contact our CBRE Residential Services Team at 085 222 744 or via email at sovanpech.com@cbre.com. We are more than happy to provide you with further information!

The post Top 5 High-rise Condominium Projects For Sales in Phnom Penh appeared first on CBRE Cambodia.

Make your search for buying a villa even more efficient and cost-saving with our carefully selected offers in the market. Continue down below to read more about the top 10 selected villas for sale!

10. Newly Renovated Twin Villa | Sen Sok

This beautiful twin villa is located in Borey Piphub Thmey. The villa has recently been renovated and is a unique property amongst the other twin villas in Borey Piphub Thmey. The interior design of the property features a local touch with hardwood wall decorations and wooden stairs, yet it still provides a modern display.
A highly family-friendly environment is integrated into the design of the spacious kitchen, dining area, and living room to facilitate quality family bonding time. The terrace and front yard of this twin villa can also be arranged for gatherings or simply relaxing outdoors. The twin villa has two floors with 2 bedrooms and 2 bathrooms on each floor. This twin villa is exceptionally affordable and suitable for a medium-sized family to live in.

9. Beautiful Queen Villa | Russey Keo

Looking for a new residence for your big family? This beautiful and spacious queen villa is a great offer to consider. Not only is this queen villa spacious, but it also has its own off-street parking space. With the convenience of locating nearby condominiums, restaurants, retail shops, and a short distance drive to AEON Mall 2, there are plenty of things to do.
This queen villa has two floors accommodating a total of 5 bedrooms and 6 bathrooms, a separate close kitchen, a storage room, a small garden, a huge front yard, and a living room. Despite the spacious size of the villa, the family can feel the warmth and coziness of the delightful designs of the villa itself.

8. Artistic Townhouse Villa | Chamkarmon

Anyone who is looking for an exceptional villa will love this artistic townhouse villa. The residents of this villa will have an easy time commuting within the city as it is just a 2-minute walking distance from the Independence Monument. This townhouse villa is a great space for a family with 1 or 2 children.
The interior design and quality of the construction of this villa are exceptional. There are three levels with the first level suitable as a working space or relaxation area and the upper levels accommodating 3 bedrooms and bathrooms. Besides having a great location for healthy exercise outdoors, the villa also has a glass roof to let in natural lighting. Most importantly, upon purchase, this villa is ready for moving in right away.

7. Classic Single-Story Villa | Sen Sok

This classic single-story villa is located in Ou Bek Kha Om, Sen Sok. It is within less than 10 minutes driving distance to RUPP, the Royal Phnom Penh Hospital, and Chipmong Supermarket. The villa has a big land plot of 350 square meters making it spacious for residence or developing into an apartment building.
The single-story villa has 3 bedrooms and 3 bathrooms, and a large front yard. The family can spend quality time relaxing on the marble bench or get into gardening as a hobby. This residential villa is a classic single-story villa suitable for families with young children or elders living with.

6. Modern Single-Story Villa | Chroy Changvar

Enjoy the coziness and closeness of a family when living in this brilliantly modern single-story villa in Chroy Changvar. The villa is located on the quiet Mekong River Street and is just less than 15 minutes away from Lucky Supermarket, Exchange Square, Grade B office spaces, etc. The layout and interior design of the villa are functional, and modern, giving a very close family environment.
With a unit size of 280 square meters, the residential villa has two levels, a car garage and parking spots, a living room, and mini bar, an open kitchen, a walk-in closet to the master bedroom, and double bunk beds for the children. Other than this, the villa also offers natural lighting and a good environment to raise young children.

5. Residential Villa and Land for Sale | Chamkarmon

If you are looking for a spacious living environment to accommodate your growing family, this villa in Chamkarmon is your best choice. Located near Psar Derm Thkov and just 8 minutes away from Mao Tse Tung Blvd, and 20 minutes away from Aeon Mall Mean Chey. This villa is just minutes away far from a variety of places for you to commute to.
For a big family who wants to give room for the young children to play or use the available space for parking, and gatherings, this villa is a great choice. In addition to the two-level villa, it has a land area of 420 square meters with a hard title. The villa can house a big extended family and also have good potential for future residential development.

4. Premium Luxury King Villa | Chbar Ampov

Experience the epitome of luxury living with this exceptional King Villa located within the esteemedBorey Peng Hout, Chbar Ampov. Situated a 10-minute drive away from BKK1, Aeon Mall, and the Chbar Ampov bridge, this residence is highly accessible and convenient. From the security and high level of privacy provided by the Borey, you will also enjoy the vast land this king villa has.
With a total land area of 1,400 square meters, this villa has a generous space for parking, a garden, kid’s playground, outdoor relaxing spaces, and for hosting big gatherings. The king villa is 346 square meters with three levels, accommodating a total of 6 bedrooms, 7 bathrooms, a spacious living room, a kitchen, and a dining room. This residence offers a premium lifestyle for your family.

3. Modern 3-Level Villa | Chamkarmon

This modern and luxurious villa is easily within the center of the city with just a 5-minute driving distance to the Russian Market, Phsar Daem Thkov roundabout, and less than 5 minutes to Street 271. The villa is on a convenient street in Toul Tumpung II, Chamkarmon. It has a land size of 456.3 square meters and a hard title, along with a modern 3-story villa.
The layout and design of the villa offer a modern and sophisticated living environment. The villa has 8 bedrooms, 7 bathrooms, a spacious living room, a kitchen, and a rooftop with a maid room. The contemporary aesthetic of this villa and the outdoor space would be a good residence for a modern family.

2. European-styled Villa | BKK3

Live a European lifestyle in Phnom Penh in this European-inspired villa in BKK3. A popular residential area that is near the business district and a short distance drive to BKK1, Russian Market, this villa offers more than just a lifestyle but convenience and efficiency.
There are two floors in the villa, each with six bedrooms, five bathrooms, a separate balcony, and outdoor spaces for parking, relaxing, and enjoying nature. Moreover, there is also an indoor fishpond which is the highlight of this special villa. The villa is 440 square meters and the land size is 803 square meters with hard title. Move in right away and enjoy living in Europe without relocating far away.

1. Private Standalone Villa | Sen Sok

Classic yet modern is the aesthetic of this villa. It is a residential private villa in Sen Sok that represents a respectable and generational wealth family. The villa offers a calming and peaceful living environment for the family.
Featuring luxury furniture and a warm design, this villa incorporates classic and modern elements into both outdoor and indoor designs. The villa has two floors with 7 bedrooms, 7 bathrooms, 1 kitchen, a spacious living room, a dining room, and especially a library and office space too. This villa is well-suited for a harmonious living arrangement for families with young children and elders.

When it comes to finding the absolute best villas for sale in Phnom Penh, it can be hard to find a great deal. If you are looking for a great deal on a villa in Phnom Penh, this list is definitely worth considering. With quality, location, interior design, layout, convenience, and living environment, these villas are sure to provide an experience like no other. With a wide range of prices to choose from, it is possible to find a villa that fits your budget while still offering a high-quality experience. Whether you are looking for a home to live in or a place to raise a family, these villas can meet any needs. For more information, please contact our Residential Sales Team via sovanpech.com@cbre.com or call us at 085 222 744.

The post Top 10 Villa for Sale in Phnom Penh appeared first on CBRE Cambodia.

Finding an affordable residential property to lease can really take a load off your financial burden. Check out our top 10 selected affordable leasing residential properties down below!

10. Cozy 1-Bedroom Studio in BKK1

For those who are looking for a cozy and homey place to live, you might want to consider this studio apartment in BKK1. This studio apartment has a modern yet minimalist interior design, it offers a very peaceful environment to live in. The unit size of this studio is 30 square meters, offering a 1-bedroom and a bathroom.
In addition to the prime location, the tenant can easily walk to nearby marts, coffee shops, restaurants, and many more places. Besides the 1-bedroom studio is also a serviced apartment with the most affordable rent. Other additional offers include cleaning services twice per week, internet, and cable tv access, air conditioning, motorbike parking space, security, and many more.

9. Residential 1-Bedroom Apartment in BKK3

Are you looking for an affordable apartment for rent to start a small family? Let us introduce to you this 1-bedroom apartment, an all-around great residence to live in with an affordable leasing price. With a location that is just 5 minutes from the Russian Market, BKK1, and also the Point Community Mall, you can conveniently get to places for entertainment, groceries, leisure, etc.
Tenants can move into this fully furnished apartment right away. This residential apartment accommodates 1 bedroom, 1 bathroom, kitchen, and balcony. Moreover, the tenants can enjoy amenities including air conditioning, 24-hour security, a washing machine, and internet access.

8. Modern Studio Apartment near Russian Market

If you are considering moving out or relocating to a more modern living space, we have just the right recommendation for you. With its location near the Russian Market, this studio apartment is also just a 20-minute drive from Phnom Penh International Airport. With a very surprisingly low rental fee, tenants of this studio apartment can enjoy a convenient and modern lifestyle.
Besides providing weekly cleaning services, the tenants also have access to the gym and pool facilities on the top floor. In addition, the fully furnished studio apartment also comes with cable tv and internet access, air conditioning, security, and other amenities. With a view from the 12th floor, this studio apartment offers a very outstanding environment for healthy living and comfort.

7. 1-Bedroom Serviced Apartment in BKK3

When it comes to searching for a suitable home as a newlywed or living as a couple, you might want to choose a place that is comfortable yet spacious enough to live in. With a unit size of 57 square meters, this 1-bedroom apartment is designed to have everything you might need without feeling stuffy. In addition to the natural lighting and air from the outdoor balcony, both the apartment’s interior design and furniture offer a very classy and healthy living environment for young couples.
The studio apartment is pet-friendly, safe and secure, and very convenient to live in. Moreover, the amenities provided with the apartment include internet access, cable tv, air conditioning, hot and cold shower as well as access to the facilities. This 1-bedroom apartment would make a great living environment at an affordable leasing price.

6. Affordable Riverview Condominium in Chroy Changvar

After a tiring or even stressful day, we usually want to be somewhere relaxing and calm. With a Riverview from the 11th floor located in Chroy Changvar, this pet-friendly condominium offers a calming living environment with a high level of privacy and security for the whole family.
The fully furnished condominium has a unit size of 90 square meters. There are 2 bedrooms, 2 bathrooms, a living room, a kitchen, and an outdoor balcony. Tenants can also enjoy the amenities provided by the condominium and access to the facilities including the swimming pool, gym, steam, and sauna too. Considering its very affordable rent, this condominium is a very great deal for a small or growing family.

5. Homey 1-Bedroom Condominium near Russian Market

Feel the comfort of your very own home when living in this 1-bedroom serviced condominium. The condominium is an excellent choice for those with an active lifestyle and appreciates the convenience of getting to places quickly. It is located near the Russian Market and is only within 8 minutes away from AEON Mall, and BKK1. In addition to the close proximity to cafe shops, retail shops, markets, banks, and more. Tenants can also have a very healthy lifestyle with free access to the gym and swimming pool.
This 1-bedroom condominium also has 1 separate bathroom, a living room, and a balcony to enjoy the view from the 5th floor. The condominium rent covers weekly cleaning services, 24-hour security surveillance, and amenities such as a hot and cold shower, internet access, a washing machine, air conditioning, and kitchenware.

4. 1-Bedroom Residential Condominium in BKK

Whether you are an expat or moving from the provinces to Phnom Penh, this 1-bedroom residential condominium in BKK would make a great home. Living from the 16th floor, the tenant can easily view the city from the balcony. Residents can enjoy a stress-free living environment with access to the swimming pool, gym, and sky bar.
This residential condominium accommodates 1 bedroom, 1 bathroom, a kitchen, and a relaxing space. Furnished with amenities such as air conditioning, a hot and cold shower, a washing machine, internet, and cable tv access, the rent for this condominium also cover the management fee. This residential condominium would make an excellent and affordable home.

3. Stylish 1-Bedroom Apartment in BKK1

Whether you are a newlywed couple or looking for a space to live on your own, this stylish apartment will totally captivate your attention. The interior design and layout provide a fashionable and convenient living lifestyle. Located in BKK1, the tenant can easily get to nearby restaurants, and cafes or drive a short distance to AEON Mall. Tenants can even enjoy a relaxing time at the rooftop sky bar without driving elsewhere.
This apartment is on the 4th floor and has a unit size of 45 square meters. It is a serviced apartment that offers a very affordable rental rate for all the included services and amenities. Moreover, the management fee and parking fee are also free of charge. From cleaning services, laundry services, air conditioning, power generator, and even cable tv and interest access are all offered. This great deal for such a convenient living space is hard to come by.

2. Luxurious 2-Bedroom Apartment in BKK1

This luxurious apartment offers a perfect living environment for everyone, especially for a small family with children. It is located in BKK1 where malls, marts, restaurants, schools, and cafes are all very close by. A spacious apartment unit with the size of 80 square meters on the 3rd level, the apartment also has a great surrounding living environment. The outdoor balcony can offer a view of greenery, natural lighting, and fresh air.
The interior design of the apartment itself gives a luxurious yet comfortable living style paired with a minimal unit layout. There are 2 bedrooms, 2 bathrooms, kitchen, living room and plenty of unused space. Moreover, it is also a serviced apartment with a rent covering the internet and weekly cleaning fee. Since the place is already fully furnished, tenants can move in immediately.

1. Classy Residential Apartment in Beoung Trobek

A classy and high-standard residential apartment becomes even more desirable when it is also affordable. This serviced apartment is located in Beoung Trobek surrounded by office buildings, hospitals, banks, and office buildings. The apartment unit is on the 15th level with a unit size of 70.26 square meters, designed with a unique and modern layout.
The apartment offers spacious living spaces, with 2 bedrooms, 2 bathrooms, a living room, a kitchen, and very spacious balconies. Besides providing security, weekly cleaning services, and access to the pool and gym, the apartment also has other additional amenities including hot and cold showers, air conditioning, a washing machine, and access to internet and cable tv.

Our top 10 selected leasing properties not only provide you with a quality living environment, convenience, and a wide range of selections but are also very affordable for leasing. For more information, please contact our Residential Leasing Team via romdoul.choeun@cbre.com or call us at 095 777 125.

The post Top 10 Affordable Leasing Residential Properties appeared first on CBRE Cambodia.

សូមអញ្ជើញមកទស្សនាជម្រើសផ្ទះដ៏សម្បូរបែប តាមពេលវេលានិងទីតាំងខាងក្រោម៖
ថ្ងៃសុក្រ , 9 មិថុនា ចាប់ពីម៉ោង 5:30 ល្ងាចដល់ 8 យប់
ទីតាំង City Park 352 Platinum, Street 352 BKK1

សម្រាប់ព័ត៌មានលម្អិត សូមទំនាក់ទំនងមកកាន់៖
095 777 133 | residential.cambodia@cbre.com

Join CBRE Cambodia for our exclusive sale event and gain valuable insights on the Housing Dilemma: How to choose between a house and a condominium. Exclusive offers of up to 40% off on selected units for only 7 days!

Take advantage of this exciting opportunity to learn, network, and save on your next property purchase!
Friday, 9th June from 5:30 PM – 8:00 PM
Location: City Park 352 Platinum, Street 352 BKK1

Interested in attending? Contact or direct message us now to reserve your spot (limited space) and get more information on our exclusive sale event.
095 777 133 | residential.cambodia@cbre.com

*T&C applied

The post How to Choose between House and a Condo? appeared first on CBRE Cambodia.

Best Real Estate Properties Sales Offer in Chamkarmon District

10. Tonle Bassac Luxury 2-Bedroom Apartment 

For those who enjoy the essence of luxury living, you may find this property the best offer in the market. This 2-bedroom apartment on the 10th floor at Tonle Bassac takes inspiration from the Italian art style and Japanese elegance. The whole apartment is furnished with a black Italian interior design and kitchen layout with wall marbling. The 2-bedroom apartment also fused the concept of Japanese simplicity and elegance, creating a classy and spacious living space. 

The owner is also given access to amenities such as a modern gym, a swimming pool with an amazing view from the 18th floor, elevator access, a personal parking space, and 24hrs security. This 2-bedroom apartment is also fully equipped with a hot and cold shower, air conditioning, kitchenware, a washing machine, internet access, cable tv, and many more. The best thing is that the apartment is located in Tonle Bassac Commune, Chamkarmorn District which is just three minutes away from Kbal Tnal Hospital, five minutes from Aeon Mall, ten minutes from Wat Botum Park, and also Olympic Market. The location of this luxury apartment will make it easier for those who enjoy living within the city center and like to enjoy their free time with nearby entertainment or leisure activities.           

9. Tonle Bassac 1-Bedroom Condominium

If you are a newlywed couple or someone wanting to move out, you might be interested in this 1-bedroom condominium at Tonle Bassac Commune. This condominium is located south of Norodom Boulevard within driving distance of AEON Mall, Beoung Keng Kang 1 district, and other nearby places for entertainment, leisure activities, and nightlife. If you are someone who prefers places that offer peace and quiet, this condominium is a great choice for you as it is located in the more peaceful part of Tonle Bassac.  

This 1-bedroom condominium will surely give you a welcoming and nurturing environment to live in. Apart from the comfortable living environment, this condominium also comes with 1 bedroom and 1 bathroom, a fully equipped kitchen, a washing machine, a furnished living room, and a dining room. In addition, you will also have access to the pool and gym facilities on the rooftop floor with 24hrs security, a parking space, and more perks that come with the 1-bedroom apartment. 

8. BKK1 Modern 1-Bedroom Apartment

Do you enjoy having an active lifestyle? Then this 1-bedroom apartment located at BKK1 will be the right choice for you. The newly renovated apartment is designed to fit with the trendy and modern interior style that offers an environment best suited for the owner.  In addition to the newly renovated interior design, this apartment is also very well maintained and is in tip-top condition for immediate move-in. Other than this, this 1-bedroom apartment also offers a warm and cozy environment for gathering as well as self-relaxing leisure time. You can also enjoy walking to the city center as it is located at the closest distance.  

The 1-bedroom apartment will also offer the owner privacy and a sense of exclusiveness as it is on the 9th floor. The surrounding area of the apartment includes shopping malls, restaurants, cafes, gyms, mini-mart, clinics, and many more. The 1-bedroom apartment will offer a modern living experience and support your active lifestyle with great satisfaction. 

7. BKK1 1-Bedroom Condominium

If you are finding a perfect place to start a small family but prefer not to buy a house just yet, you may find this beautiful 1-bedroom condominium at BKK1 very appealing. Choosing the right place to start the family plays a crucial role. With this 1-bedroom condominium, you will ensure that your family can have fresh air with a great view from the 10th floor. Moreover, this condominium is the perfect size for a young couple with a unit size of 61 square meters. An oversized outdoor balcony, spacious room for two, and fully furnished home appliances can help create one happy family life.    

This condominium in BKK1 can also help you take a break from the hectic city life with the nature-inspired interiors design and communal spaces. The new family will also have easy access to grocery shopping as the condo is only 150 meters away from Thai Hout supermarket and other nearby fast-food or dining restaurants, pharmacies, cafes, etc. 

6. Tonle Bassac 1-Bedroom High-End Condominium

The best offer to experience professional and high-end living at this premium condominium on the 14th floor. The owner of this condominium will be able to enjoy a beautiful and refreshing view of the Tonle Bassac River from the living room or the balcony. In addition, this building also accommodates the first revolving Sky bar in Phnom Penh. It is located just 1 meter from AEON Mall and within a short distance of the city business center (CBD), entertainment, and leisure facilities. This condominium is the most sought-after location for local and foreign investors and even local ex-pats.   

This condominium offers 1 bedroom, a fully furnished living room, a kitchen with equipped kitchenware, and an oven. Other amenities including cable tv, internet access, a washing machine, air conditioning, and a hot and cold shower are also offered with the condominium.    

5. Tonle Bassac Studio Apartment 

If you want more affordable living space on your own, you might want to seal the deal on this studio apartment. This particular apartment is designed as a studio unit which is very suitable as a living space for one or two people. This studio room is located at Tonle Bassac Commune, a very attractive location for local and foreign expats or investors. In addition, this studio room also offers a very private and secure environment to live in. You can also see the river and city view from the 16th-floor studio condominium or take a five-minute drive to get to AEON Mall. Many popular restaurants, cafes, marts, and shopping malls are also within short driving distances.    

This studio apartment is equipped with built-in wardrobes and has a fully furnished living room and a kitchen. The apartment also grants access to amenities such as a swimming pool, gym, and also sky bar all in one place. This studio condominium offers good security and long-term investment considering the location and property price. 

4. Beoung Trabek Residential Shophouse

If you want to settle down and also start a small business at the same time, you should consider this shophouse located at Boeung Trabek. But, if you already have a small family and are looking to relocate, this shophouse is more than suitable for you and your children. The shophouse is located within the city center. Plus, this shophouse is currently vacant and ready for moving in anytime. 

This shophouse is 4 meters x 11 meters with 3 bedrooms and a land size of 47 square meters. This shophouse is suitable for small businesses considering it’s facing the west on the main road and is just a 230-meter drive from Preah Monivong Blvd. This shophouse is also a good investment for rent or a multi-purpose residential property.  

3. BKK1 Luxury Studio Condominium

This studio condominium is located at M Residence, Boeung Keng Kang 1 commune. The condominium is a studio room with a modern interior design to fit with a luxury living style. Other than that, this condominium offers high living standards with access to all amenities such as a rooftop swimming pool over the splendid city view, a fully equipped gym, a sky bar, and even reception services. This luxury studio condominium is within the city center which is very easy for commuting to work or enjoying weekends at cafes, restaurants, or the nightlife at BKK1.  

This studio condominium is a great place to live alone or as a new couple. The condominium unit is 25 square meters and spaciously designed for modern living with easy access to many transportation routes and is behind Hun Neang Beoung Trabek Khang Koeut Primary School.   

2. Psar Derm Thkov Residential Land

For those who are looking for residential properties that can be renovated into investment properties such as boutique hotels, apartments, or private residences, you might find the residential land at Psar Derm Thkov a very considerable offer. This residential land is 338 square meters in size with L Map Title. The frontage of the residential property is 12.5 meters with a length of 25 meters. The residential land is only 350 meters driving distance from Street 271.  

With more residential development plans nearby the area, this residential land can be a very big and profitable investment. Moreover, this residential land can be used for multi-purpose for rent, warehousing, or other investment ventures in the long term.  

1. Psar Derm Thov Residential Twin Villa

This residential property, located near Psar Derm Thkov, is a twin villa with 9 bedrooms and 2 floors. The residential twin villa is 420 square meters which is very spacious and suitable for a medium-sized or big family. The Twin Villa is located in the best area for future residential development. This twin villa can be a great new relocation for the family or even be a good office space for a private company considering its land size and the number of rooms. The twin villa is currently vacant and is awaiting for its new owner. 

If you’ve made it to the end of our top 10 selected real estate properties for sale in the Chamkarmon district, we hope that you have found an offer that captures your interests and suits you well. For more information and inquiries on any of the selected properties in this list, please contact CBRE real estate agent team for more information.

The post Best Real Estate Properties Sales Offer in Chamkarmon District appeared first on CBRE Cambodia.

Top 10 best and recommended sale offers for residential properties in Chamkarmon

10. Toul Tumpung II Luxury Villa

Are you looking for a new, modern, and spacious living space for your family? This luxury villa located at Toul Tumpung II is the ideal home that you are searching for. The villa is just 5 minutes away from Russian Market and nearby cafes, restaurants, and entertainment places. 

This villa is a 3-story building with a land size of 456,3 square meters that can accommodate a huge family with 8 bedrooms, 7 bathrooms, a maid room, a kitchen, and a rooftop. The villa has a contemporary design and offers a very spacious, luxurious, and comfortable living space and environment for you and your family. 

9. European Style Villa for Sale in BKK 3

If you enjoy city life like walking in the park and living in the center of the city, you should definitely consider this villa. This European Style Villa is built on a perfect landscape of 803sqm with an elegant lifestyle and entertainment space from the outside and inside. It consists of 6 bedrooms, 5 bathrooms and an open living/dining area with furnished and oversized sofas. One highlight of this property is the indoor fishpond, where you can get a relaxed feeling and feel cool in the house. Though the property has a very peaceful setting, the location is also convenient, just a 400-meter drive from Mao Tse Toung Blvd, 5 minutes to BKK1, 4 minutes to the Russian Market and other business places. 

8. BKK1 1-Bedroom Studio Apartment

If you are looking for a studio apartment to live alone or as a couple, you should check out this 1-bedroom studio apartment situated in a peaceful corner of BKK1. This studio apartment is a project of Láttrait Boeung Keng Kang, which offers the owner a sophisticated and calming residence.   

The studio apartment provides a spacious living space for 1-2 people with 1 bedroom,  a living room, a Japanese-style kitchen, and a bathroom. A good view of the city from the 9th floor, good lighting, and air ventilation in this apartment will ensure that the owner has a healthy living environment. 

7. BKK1 Luxurious Condominium

Are you all about aesthetics and living big? We have the perfect condominium for you! This new and luxurious condominium is a project of Times Square 306, located in BKK1. The condominium offers owners easy access to the building’s lobby cafe, a sky pool, a gym and sports facilities, a rooftop garden, and a kid’s playground. It is located in the city centre, making it more convenient to travel to other commercial and leisure places such as shopping malls, cafes, office spaces, etc.  

This luxurious condominium has a size of 60 square meters with a very modern design to fit the urban lifestyle. Although it may seem that this luxurious condominium may be expensive, it actually offers a reasonable and affordable price for many. 

6. Diamond Island 1-Bedroom Condominium

This 1-bedroom condominium in Diamond Island can offer you peace and a quiet getaway from the hectic life in the city center. The location of this 1-bedroom condominium is not too far making commuting to and from work very easy, and it is not too far away from commercial spaces such as Aeon Mall, embassies, and other leisure or entertainment places.   

Besides its location in Diamond Island, other great features of this condominium are that it also served as a serviced apartment with 24-hour security, a backup electricity generator, and a fire safety system to support your lifestyle. The unit size of this 1-bedroom condominium is 40 square meters on the 16th floor with a balcony, a living room, and a kitchen. The owner of this condominium will also have access to an infinity swimming pool, a gym, a sauna room, and other amenities including a business center with conference and meeting rooms.

5. One Bedroom For Sale in BKK1 | City View

If you are looking for a home as a newlywed couple or on your own, this modern condominium can help end your stressful search. The condominium has 1 bedroom, a bathroom, a spacious living room, and a kitchen with a total unit size of 75 square meters. The condominium is also fully furnished with everyday living necessities. 

The owner of this modern condominium can enjoy the fresh air from the 18th floor. The owner also has access to the rooftop outdoor space for gatherings, a swimming pool, a gym, a sauna, and other amenities. There is nothing to worry about regarding parking space, privacy, and security as it is all provided for the owner of this condominium.  

4. Riverside Modern Renovated Apartment 

This serviced apartment is a renovated apartment with a very modern and attractive interior design. The apartment is renovated to have 2 floors with a living room, a kitchen, and a bathroom on the 1st floor and a separate bedroom, a balcony, and space for working or studying on the 2nd floor. This apartment would make a great fit for those who enjoy a minimal yet efficient lifestyle.   

The apartment will offer the owner access to many entertainment places as it is located within close proximity to Riverside and the Royal Palace. Whether it is, outdoor exercise, cruise boat riding along the river, visiting the Royal Palace or National Museum, or even enjoying the nightlife is just within a short distance. 

3. BKK1 2-Bedroom Apartment

A residence with a good living environment is an important key to a happy life. This high-end apartment in BKK1 is on the 15th floor and has a unit size of 91 square meters. It has 2 bedrooms,  2 bathrooms,  an open kitchen, and a living room with access to the outdoor balcony where you can sit and relax all day long. The apartment is a perfect home for a family with small children. 

The apartment offers the owner access to a gym, a mini-mart, a kid’s room, a coffee lounge, a smoking area, a meeting room, and a ping pong room. The owner can see a fantastic view from the swimming pool and sky bar on the 43rd floor. In addition, the apartment is equipped with household amenities including hot and cold water, kitchenware, a cable tv, air conditioning, etc. This modern 2-bedroom apartment is a great environment for a happy life or a happy family life.  

2. BKK1 Classy & Modern Apartment 

This apartment is located in BKK1 and is furnished with the necessary furniture and appliances for the new owner. It is 81 square meters with 2 bedrooms, 2 bathrooms, a separate living room, a kitchen, and an outdoor balcony. The apartment offers a very classy, modern, and comfy environment for living.  

The owner of this 2-bedroom apartment can be reassured of their safety and privacy with a 24hrs security system. Additional amenities include a cable tv, a hot and cold shower, a washing machine, air conditioning, and a backup power generator.  

1. J Tower 2-Bedroom Residential Apartment

Choosing a good apartment as your home can be your everyday reward. Imagine having a beautiful apartment for yourself and your family with a good view, fresh air, and a high standard of living. If you want to find all these qualities within the residential apartment, J Tower 2 is the best choice for you. 

This residential apartment is on the 26th floor with 2 bedrooms and a total unit size of 91 square meters. Its location allows the owner to make a 3-minute trip for grocery shopping at Thai Hout supermarket, a short driving distance to Aeon Mall and other nearby leisure and entertainment places. Besides this, the apartment building also grants access to a car parking space, a sky bar, and an outdoor and indoor swimming pool.    

It is hard to come across good sale offers on condominiums and apartments. If you are interested in any of our top 10 best residential real estate sale offers in Chamkarmon District, it is advised that you don’t delay. Contact CBRE for more information on your favorite offer now before it’s no longer available!

The post Chamkarmon 10 Best Sale Offers for Residential Real Estate appeared first on CBRE Cambodia.

Top 10 Best Leasing Residential Properties in Chamkarmon

10. Tonle Bassac 1 Bedroom Condominium

A quiet and solitary place yet not too distant from the city center, this condominium is located in the quieter part of Tonle Bassac Commune in the Chamkarmon district. In addition, the condominium is within a short driving distance from many restaurants, cafes, entertainment, leisure places, and Aeon Mall. 

The condominium has a unit size of 58 square meters occupying a bedroom, a living room, and a kitchen. The 1-bedroom condominium also offers other amenities such as air conditioning, cable tv, a hot and cold shower, a washing machine, an oven, and kitchenware. Moreover, a tenant of this condominium is also given access to a swimming pool and gym facilities on the rooftop floor, 24-hour security, and privacy.

9. Tonle Bassac Residential Condominium

For those who like to enjoy the beautiful city view from the 9th floor, this condominium located in Tonle Bassac Commune is very suitable for your lifestyle. This condominium offers a tenant a sense of warmth and security with 24-hour security and is surrounded by commercial places. This 1-bedroom condominium is a great place for an ex-pat, a newlywed couple, or those who are looking to live independently.  

In addition to its location, living environment, privacy, and security, this condominium also offers a tenant fully furnished amenities such as internet access, cable tv, air conditioning, washing machine, kitchenware, and many more. In addition to this, this condominium offers a very affordable leasing price. 

8. BKK1 Studio Apartment

A classic modern convenient living space is quite popular among young adults. If these are the qualities you are looking for in your next residence, then this studio apartment will be the one for you. This studio apartment is located in Beoung Keng Kang 1 Commune, a lively and all-around commune in which you can find anything you need. From accessibility to hospitals, pharmacies, cafes, schools, restaurants, and shopping malls, this condominium will be a short driving distance from your workplace.   

This studio apartment in BKK1 offers you a spacious 1-bedroom, a living room, and an outdoor balcony and is also equipped with cable tv, internet access, air conditioning, a backup generator, and safety systems. The condominium provides a safe and friendly environment for your pets. Furthermore, it serves as a serviced apartment with a unit size of 12 square meters on the 9th floor. This studio apartment offers a great deal of comfort and conveniences to a tenant.

7. Tonle Bassac Rental Queen Villa

If you are looking for a new home for your family, you will want to consider this Queen Villa located at Tonle Bassac Commune. This queen villa is an ideal home for a medium size family with 1 to  3 children since the villa has 4 bedrooms, and 5 bathrooms, with an additional maid room. The house also has a parking space, a spacious living room, a balcony, and a backyard for a kitchen and storage as well. 

Moreover, this queen villa is situated at a great location for a family to commute to work, school, or other entertainment places. This queen villa is within a short driving distance from Aeon Mall and Beoung Keng Kang 1 Commune, which is surrounded by cafes, gyms, restaurants, etc. This particular queen villa at Tonle Bassac also offers tenant-guarded security, a sense of community, and a great living environment for the family.

6. Tonle Bassac 3-Bedroom Condominium

This 3-bedroom condominium is located in Tonle Bassac commune. It has a unit size of 89 square meters offering a comfortable, and luxurious lifestyle with a great view from the 31st floor. The interior and exterior of this condominium are of Singaporean standards. The modern and relaxing environment that this condominium offers allows you and your family to enjoy a healthy, and quality lifestyle. This condominium also accommodates a swimming pool, a gym, an indoor playground, and an outdoor relaxation area. This 3-bedroom condominium makes a great home for those who are looking for high-standard living space for their family.    

5. BKK1 Residential Apartment

Are you looking for an apartment in the city for one or as a couple? Do you prefer a ready-to-move-in and fully furnished apartment? Then take a look no further! This 1-bedroom apartment in Diamond Island is the answer to your questions. With a unit size of 68.26 square meters, this apartment occupies 1 bedroom, a comfortable living room, a bathroom, a kitchen, and an outdoor terrace. The view from the 31st floor of the unit allows you to enjoy a stress-free life. 

This interior is designed to fit with the modern and compact lifestyle. It would make a great residential home for an individual to live independently or with a companion of another individual. Otherwise, this apartment in BKK1 is a pet-friendly place so you can have a pet as your companion.        

4. BKK1 3-Bedroom Apartment

Another great apartment for a small or medium-sized family is none other than this 3-bedroom apartment located in BKK1. The apartment has been fully furnished and given a very cozy and warm living environment for its new owner. This 3-bedroom apartment unit has been equipped with amenities including an internet access, cable tv, air conditioning, etc. The apartment has 24hrs security and safety systems. 

This apartment is 165 square meters and is on the 17th floor. Its location makes it convenient for the owner to get to many places such as restaurants, shopping malls, retail shops, schools, and other leisure places. This apartment has shared space for tenants including a common area and parking space. This fully furnished 3-bedroom apartment offers for rent at a reasonable price and is negotiable. 

3. Bkk1 Rental Serviced Apartment

Looking to scale up your family’s quality of life and living standards? You should definitely consider this apartment at BKK1. A homey and sophisticated apartment like this one will only make you and your family even more content. The apartment is a serviced apartment on the 6th floor with a unit size of 200 square meters. 

The 3-bedroom apartment is furnished with everyday necessities. In addition, there is also access to the gym, a swimming pool, a steam, and a sauna, a cleaning service two times per week. Additionally, the serviced apartment is also very well secured and at a short distance from other nearby commercial and leisure places.   

2. BKK2 Luxurious Serviced Apartment

This apartment in BBK2 is a serviced apartment on the 9th floor. It is 158 square meters occupying 3 bedrooms, a fully equipped kitchen, a spacious living room, and an outdoor balcony. Amenities that are offered with this apartment include a hot and cold shower, air conditioning, cable tv, internet access, a washing machine, and many more. This apartment has been furnished with all basic necessities and is ready for a new tenant. 

On top of that, this serviced apartment also offers cleaning services and linen changes two times per week. Other amenities within the apartment include a steam and a sauna, a jacuzzi, a gym, a swimming pool, an IPTV, and internet access. The view and location of this apartment are pleasant with easy access to the nearby leisure activities, and other additional services provided by the apartment management. 

1. Tonle Bassac 3 Bedroom Condominium 

Another condominium that you can check out is this 3-bedroom apartment in Tonle Bassac. It is a pet-friendly and secure apartment complex with a unit size of 181 square meters. This apartment offers a view and fresh breath from the 5th floor to a tenant. A healthy and secure environment for living and full access to other amenities is also offered in this package.  

Not only is this 3-bedroom apartment spacious, but it also has a very luxurious and modern interior design. With fully furnished furniture, appliances, and other household maintenance, this apartment offers a private yet secure living environment for individuals and also families. 

        Certainly, trying to find a suitable leasing property for yourself and your family can be time and energy-consuming. Hopefully, our top 10 best leasing residential properties in Chamkarmon can help you with this process. If you have any further inquiries, the CBRE Cambodia team can help provide you with more details, and other services as well

The post Top 10 Best Leasing Residential Properties in Chamkarmon appeared first on CBRE Cambodia.

Listing a property on sale is one of the hardest processes where property owners have to invest so much time and energy into it. Most of the time, it can take up to years to finally get the property transacted. In general, buyers consider a number of properties at the same time they are looking at our property. To compete with this pool of listed properties in the market, property owners need to know some tips to list the property on sale. Want to know more about how to sell properties very quickly in this competitive market? Check out these 5 best practices!

Don’t skip doing market research: 

       Property owners tend to disregard doing market research thinking it is a waste of time. On the contrary, doing market research will really help property owners know how to price their property for sale without enduring a big loss compared to the market value of the property within the area or setting a price that is way above the market price making it hard to close a deal. In addition to this, it is important to do market research so property owners can also take into consideration if there’s a development plan in the near future to take advantage of the increase in market value. It is recommended that property owners also consult or get help from real estate experts for a property valuation to get an accurate market value before putting the residential property up for sale.   

Interior and exterior presentation matters: 

       Another tip is to renovate the interior and exterior of their residential property. Although the renovation required additional cost and time, it increases the value of the residential property in return. In addition, it is most likely to be sold off in an instant once it is put on the market. Property owners should carefully check for any repairs needed, such as the sewage system, plumbing system, roofing problems, and other appliances within the property. It should be emphasized that an appealing living environment will help the property get sold faster. Consequently, property owners should focus on maintaining the interior and exterior of their property.

Make sure the property is ready for a visit anytime: 

           Before putting the property up for sale, it is an absolute must that the property owners keep the place neat and tidy. This means that property owners should consider decluttering any personal belongings, repainting using a neutral color, and not having too much on display, to ensure that the property does not have any unpleasant smell and gives off a very welcoming environment. It is also a great idea to have a deep clean for the residential property which includes scrubbing, cleaning, and polishing the toilets, floors, stairs, rooms, kitchen, etc. Other than this, property owners should also light up the property to prepare for visits from potential buyers too.  

Get ready to pitch your property strength: 

    After all the market research or property valuation, pitching the property for sale is another important part of the strategy. Since selling a residential property should be an investment, owners should recheck and ensure that the property maintenance is up to date and in great condition. Property owners should also ask for cooperation from neighbors for good testimonials on the living condition and about the property. At this point, the property owners should by now have a list of unique selling points and also prepare legal documentation such as title documents, previous tax receipts, etc.  

Work with professional real estate agents:  

    The final step property owners should do before putting a residential property up for sale is maximizing the exposure of their property to potential buyers. Working with real estate agents is a convenient and effective way to sell your property. A real estate agent can also provide valuable benefits to property owners, such as their extensive connections, their knowledge of the real estate market, their expertise in pricing the property correctly, and their experience in dealing with legal processes and transfers. Additionally, property owners should list their property on websites and with real estate companies to offer wider exposure to potential buyers. 

          The above points had helped many property owners sell their property with ease without having to wait around for a very lengthy period. Besides these are just what property owners can do to elevate their property selling strategy, it all comes down to having potential buyers being interested in the property all the same. If you are a property owner looking to sell your residential property, a suggestion to get maximum exposure and networking with potential buyers is to work with real estate agents. For further help or assistance in selling your properties, feel free to contact CBRE for their expert services.

Click here to read about 3 ways to List your property for sale in Cambodia

The post What to do before Putting a Residential Property up for Sale? appeared first on CBRE Cambodia.