Whereas condos are on the market,who want to buy a condo in the New Year should know these points

New structures have appeared as the real estate industry continues to grow,it also attracts new investors both locally and internationally, new real estate has been explored to meet the needs of people and keep up with the market recently.

In fact, condominiums are hitting the real estate market in Cambodia because they are expanding rapidly and have great potential both now and in the future.

As Cambodians begin to change their mindset and better understand the advantages of condominiums, especially the congestion that makes condominiums an important residence, centrally located and accessible and affordable if we compare to the general price of the house. The condo is also an easy to rent property,that is, rent can be expensive and the sold out also won't get too much loss.

However, along with many advantages, buyers also need to consider a number of factors in order to easily avoid the risk and success of buying such as:

Location: Buying Condominium at the most appropriate place should buy a condo that is centrally located downtown and has a good environment ;especially, it is a good place to live in a safe and good traffic.For example, in the city center, condominiums are fast-paced and sold, and suburban areas with special economic poles can also be the next target, such as a 60-meter area.

Property title: The most important thing that every buyer should know, must find and specify it in order to be safe, clear when selling or renting without risk.In general, condos are no different than regular homes must obtain a Proportional Layout or so called Hard title from the project developer to know the exact details of the condo.In fact, some of the condominiums in Phnom Penh are leasing from the state for 100 years, so buyers need to be aware of each project and need to learn more about it.Other important documents need to know, such as a license from the Ministry of Commerce, a license from the Ministry of Finance, a permit from the Ministry of Land Management, Urban Planning and Construction and Construction permits.

Study about the project developer: Buy condominiums Have to look at the background of project developers to see their previous construction experience to know the quality of construction,Construction rules such as condominiums get construction rights or not?Is there a building permit or not?And the project developer has a good service with the client ,don't get caught up in the issues because the condo needs a lot of rights,especially the high-rise condos needs approval from the Ministry of Environment to confirm that the building has the right infrastructure, a sewerage system,environmentally friendly so on.(This news came from Business-Cambodia.com)