Buying an apartment in Phnom Penh

Member since 05 August 2020

DaveAbMember17 October 2020 07:50:16

Hello. Has any non Khemer person tried to buy property in Phnom Penh ? I understand, as a foreigner I can not buy on the ground floor. Are there any other limitations ? Also has anyone got any idea of the associated costs ? 4% property transfer tax ? Estate agent fees ? Legal fees ? Annual property charges ? Capital gains tax when selling (I presume this is 20% of the increase in value, rather than 20% of the selling value?). Any other costs not listed above ? I would not be looking for a condo, but a a khemer shop house type flat possibly in the riverside area. Any information would be useful. Thanks in advance. Dave

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JoeKhmer Cambodia Expert

Member since 13 November 2015

JoeKhmerCambodia Expert17 October 2020 09:43:28

2177

Hello.

You ask a lot of specific questions.

I cannot answer them all but I found a link to a group of real estate law firms, where you can put your questions in order to find answers.

Here the link:
https://www.hg.org/law-firms/property-l … -penh.html

Good luck.

Joe
Cambodia expert
Expat.com team