Buying a condo in Phnom Penh Information and prices

How to buy a condo in Phnom Penh Cambodia?

Are you looking for a condo for sale in Phnom Penh? How to legally buy a condo for the first time in Cambodia? On this web page, you will find Market Price Information as well as the list of documents needed in Cambodia to make your purchase safely.

The incambodia.asia site, a content site specializing in the city of Phnom Penh and the Kingdom of Cambodia, answers your questions:

• Can I buy a condo in Phnom Penh?
• Can a foreigner buy a condo in Cambodia?
• How much does it cost to buy a condo in Phnom Penh?
• How much are the transaction fees?
• What is the price of a cheap condo in South Phnom Penh?
• What is the report renting a condo in Phnom Penh?

Information and documents relating to the purchase contract

The condo purchase contracts are .......... Understanding the condo purchase contracts is very important for both the buyer and the owner.

Selling price of a condo

Like everywhere in the world, Cambodia is no exception, according to the law of supply and demand, real estate prices vary according to periods of high demand or not. Count between $50,000 for a good cheap and $200,000 for high standing (between 45,000 and 190,000 €). The price range is wide, depending on the location, the proximity or not to the river, the pleasant view or not, North Phnom Penh, Central Phnom Penh or South Phnom Penh, the number of bedrooms, bathrooms, the presence of a swimming pool or not, a fitness room. The rooms are generally equipped with a TV, refrigerator and air conditioning.

What is a condo purchase contract?

A condo purchase contract is a type of property contract .......... Which once signed, the contract has a legal effect on civil and criminal protection ...... ...

Expenses to know before renting a condo

Advance rental or reservation payment

Insurance costs

Costs between the rental of a condo

What you should know before buying

Before deciding whether to buy or not. Future owners should first inquire about the following information:

Amount of common charges

The costs of the commons are to be taken seriously, their amounts are often very high, obviously depending on the seriousness of the Condominium managers. Be aware of the late fees if the defined payment date is exceeded.

Price of water and electricity

The price of water and electricity, practiced according to the Condominiums, can be very different, difference felt on your monthly bill. As with charges, it is highly advisable to carefully read the conditions and amounts requested in the event of fines due to an expired payment date.