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Property for Sale in Phnom Penh
Found 1 Properties for Sale in Phnom Penh
The apartment is located in the new economic center area of Phnom Penh. It is a landmark large-scale integrated high-end apartment residential community in Tuigu District. It was developed by the Royal Cambodian Group and Singapore Fenglaifa Group! Medical facilities: Multiple medical service centers are equipped within 1km of the project. Commercial facilities: TK Pedestrian Street, Aeon 2, Parkson Shopping Mall, Eden Commercial Street, etc.
What fees do I have to pay for buying and selling second-hand houses in Cambodia?
Hello! you'll need to pay the following fees: 1. House transaction tax: 4% of the total house price, the buyer pays 2. If you find an agency, you'll need to pay an agency fee of about 1,000 US dollars 3. Stamp duty: 4% of the property value, (one-time payment when handing over the house) 4. Property tax: 0.1% of the property value, (Annual payment） 5. Rental income tax: 10% of annual rental income
How many type of property rights in Cambodian real estate?
Hello! There are four different forms of property rights in Cambodia: hard tittle, soft tittle, strata tittle and LMAP tittle
Can foreigners buy a property Cambodia?
Hello! Foreigners can buy Cambodian property, but there are restriction, Foreigners can only buy property rights above the second floor of high-rise buildings in Cambodia (with passports, visas, residence permits or employment permits, etc.), If you want to buy a landed property in Cambodia, you can consider these several methods: have a nominee, established a land investment company, become a Cambodian citizen (applying for naturalization/marry a Cambodian citizen/by donating to the Cambodian government), using trust services, 50-year land lease contract , 50-year concession .
What taxes do I have to pay when buying a house in Cambodia?
Hello! there are 4 kind of tax for real estate in Cambodia: 1. Stamp Duty: A tax paid to establish ownership of property. It is used for the transfer of property rights after signing the sales contract and payment. The tax rate is 4%, and the buyer is responsible for paying the tax; 2. Property tax: A tax need to pay on real estate valued at more than 100 million riel or US$25,000 (exchange rate US$1 = 4,000 riel), at a rate of 0.1% per annum, and the owner of the property is responsible for paying the tax; 3. Capital Gains Tax: A tax that must be paid to the state on every real estate transaction, the tax rate is 20%, and the seller is responsible for paying the tax (starting in 2024); 4.Rental income tax: 10%-14% of annual income, the landlord is responsible for paying the tax, locals need to pay 10% , while foreigners need to pay up to 14% annually on the income they earn from rental properties in Cambodia.
what to know when buying a second-hand house?
Hello! When handover the house, you'll need confirm the exact size of the house, carefully check the internal quality of the house, count all the keys, check against the items, confirm that the old owner has paid all the fees, and the most important thing is to confirm about the transfer of property rights.