What makes apartment so popular in Cambodia?

There are a great number of products in the Asia markets, and apartments in Cambodia are common property. Many people will invest in a small apartment in Cambodia. Why are apartments popular in Cambodia?

At present, the more popular apartments in China are commercial and residential apartments and serviced apartments. Both of these apartments are commercial land, and the property rights are also business apartment property rights. The property rights period is 40 years.

Commercial and residential dual-use apartments are generally located in the core of the city and in the business center. They can be used as both residence and office. But this type apartments are expensive relatively, usually 50% down payment need to be paid.

Serviced apartments are located in the city's core and prosperous areas or around business districts. These apartments are generally rented only. Most of the serviced apartments employ internationally renowned brand property management companies. Professional property management groups provide professional, meticulous and scientific hotel-style services, so property management fees are relatively high.

Most people in China just buy housing for live, and apartments are only the target of a few investors. Residential apartments and commercial apartments are charged differently. Most commercial apartments are no gas supplied and are only suitable for commercial use. Therefore, apartments are somewhat different from ordinary residences, and it is necessary to choose the appropriate product according to their own use.

The Cambodian property market has just started and its products are relatively simple. The types of properties are mainly townhouses, villas, and apartments that have become popular in recent years. Since townhouses and villas included the ground floor, that is land, foreigners cannot purchase in their own names, so investors generally buy apartment products. In addition, Cambodia's new housing market is dominated by investment, and apartment are particularly numerous.

Unlike in China, Cambodia's apartments are not divided into residential apartments and commercial apartments, and their property rights are relatively uniform. Housing property rights in Cambodia are divided into hard title and soft title. Hard title are permanent property rights and soft title are term property rights. Newly developed apartment are basically freehold property rights, which is superior to commercial apartments.

Another major feature of Cambodian apartments is Rental Guarentee. In Cambodia, after-sale charter is also known as "Rental Guarentee", which means that the developer promises that, regardless of whether the housing is actually rented out, the developer will give the buyer of the unit a monthly amount based on a predetermined amount Certain capital returns. At present, the rental return rate of real estate in Cambodia is about 6% -10%. In China, serviced apartments and shops have similar sales benefits with leases. Rental Guarentee eliminates the complicated process of leasing and has a stable income, which is a good benefit for foreign investors.

Not only does the Cambodian apartment enjoy freehold property rights, but also the facilities are very eye-catching. The swimming pool, gym and property management service are equipped. In addition to fine decoration, some projects also have furniture and appliances, which can be directly moved in, which is convenient for investment and rent out.

Due to its core location, low total price and freehold property rights, demand for Cambodian condominiums is still strong in a market such as Phnom Penh, which is crowded with politicians and businessmen, and foreigners. Property right advantage and the convenient service management of apartments, this is probably one of the important reasons for apartment investment boom in Cambodia.