Solve these eight problems and clearly invest in Cambodia!

Many people ask, you always say that Cambodian real estate is worth investing. In response to the recent questions, the editor summarizes several questions raised by more people and gives a simple answer.

Question 1: Why invest in Phnom Penh real estate?

The housing price base period is low: the capital Phnom Penh real estate has just started, and infrastructure construction is actively being constructed. Like Taiwan in the 1980s and Shanghai in the 1990s, it has a strong growth space.

Great room for growth: Cambodia's real estate is up to 18% annually due to the low base period of housing prices and the perfection of fully open investment policies and infrastructure.

High rental income: local foreign businessmen, high demand for accommodation, annual rental rate of return as high as 8-10%.

General USD: The USD is a strong international currency. It is fully circulated in Cambodia. Using USD to buy real estate can avoid exchange losses.

Population dividend: Cambodia's population under 30 years old is as high as 70%. It will be full of high productivity in the next 30 years, which will contribute to the development of basic industries and manufacturing industries and promote economic prosperity.

ASEAN Member States: Cambodia is a member of the Association of Southeast Asian Nations (ASEAN). Trade among ASEAN member countries enjoys tax-free preferences, which directly promotes economic prosperity.

No Foreign Exchange Control: There is no control over the flow of funds into and out of Cambodia, and there is no obstacle to fund dispatch and profit-making.

Question 2: What are the costs of investing in Cambodian real estate? How about the tax situation?

1. The total investment of the real estate object you choose will be paid in installments according to the project plan of each case.

2. Transaction tax of 4% (or "renaming fee") and administrative fee of $1000.

3. Housing tax 0.1%

4. Lease Income Tax: 14%

5. Cambodia does not levy luxury tax, capital gains tax or inheritance tax on real estate transactions.

Question 3: Is Cambodian real estate a permanent property right? What's the difference with the 99 lease?

1. Cambodian real estate is generally permanent property: the buyer owns the property certificate issued by the Ministry of Land and Land, which is permanent and guaranteed by the government.

2. 99 lease: developers and government leased land development and sale (similar to BOT), the buyer received the developer's warrants rather than real estate certificates. The risk is that developers may sell more than one house. In case the developer fails, the buyer is not guaranteed.

Question 4: How to inherit a house? What taxes and expenses are there?

1. The government of the owner of the house shall produce proof of the direct relationship between the heir and the owner of the house, and the Ministry of Land shall make a public announcement upon receipt of the proof, which shall be inherited only after no objection is made within the prescribed period (three months).

2. Cambodian housing transfer levies a 4% transaction tax and an administrative fee of about $1,000.

Question 5: What's the difference between Cambodia's land and housing integrity and China's?

1. Cambodia's land and housing rights are two choices. There is no real estate certificate with land rights, and there is no land right with real estate certificates.

There are two situations:

A: If a piece of land is covered with a sky-deep one, then the government will only grant a title to the land.

B: If a combined house is built on the same land, the government will issue a license first, and then issue B to individual real estate certificates after completion (the original land title certificate will be replaced by the Ministry of Land for real estate certificates).

2. The real estate certificate is the complete property right. The rights of foreigners are identical with those of their own nationals. They can also borrow money from banks. In the future, the right to rebuild will also be disposed of in proportion to the number of flats of the owner's real estate certificate.

Question 6: What is the pre-sale system in Cambodia?

Many of Cambodia's housing trading systems and regulations are based on the practices of the advanced countries of the United States and Japan. To sell a house locally, it is necessary to obtain a pre-sale certificate (sales license) before it is legal. The first documents to be prepared are: the application for real estate development, the company license and articles of association registered by the Ministry of Commerce, the certificate of the local government to the company address and the developer address, the construction approval and project start approval of the Capital Office and the Ministry of Land Planning and Construction, the design plan, and the company bank account of the developer. Then pay the construction deposit (estimated to be 2% of the construction cost), and all the data of the construction project insurance and the sales price list and sales contract of the local insurance company for all cases (need lawyer's certification). After the Ministry of Finance and Economics examines and passes, the pre-sale certificate will be formally issued. Only then can the pre-sale certificate be officially sold to the public for about 3-5 months. It can be seen that the Cambodian government has a strict attitude towards the pre-sale of real estate. However, in order to rush to sell houses, many developers begin to sell without a pre-sale certificate or even a building license, which often results in many consumer disputes and false advertisements. Therefore, when investing in real estate overseas, please have tens of millions of big eyes to confirm whether these licenses are issued or not. Can fully protect their rights and interests and investment.

Question 7: When the house is transferred, what should we do if we can't cover the fingerprints in Phnom Penh in person?

If you can't transfer to Phnom Penh in person, you need to provide photos or videos of handprints to prove that they are covered by yourself. The Ministry of Land will check whether the handprints are correct (fingerprint data will be left on the housing permit every time you transfer).

Question 8: What should we do if the property falls after investment?

Investment must be risky, no one can guarantee the change of the environment, but because of the low price base period, quite a number of foreign hotels and shopping malls, the relative risk is also low. If the rental housing market changes, it is easier to choose the core of Phnom Penh city to build a case in an invincible position.

So...

Having missed the Chinese real estate 20 years ago, will you miss Cambodia today?