Top 10 considerations for buying land in Cambodia.

The land sale in Cambodia, the initial land sale was only in the suburbs of Phnom Penh and Phnom Penh, slowly developed to Siem Reap, Sihanoukvile, and then to the provinces of Kampot, Kampong Cham, Chai Mong, etc. Nowadays, in various provinces the sale of land is very common. The main reason for its development is that it is difficult for large landowners to find customers to buy their entire land, so they have to divide the land they hold into small pieces for sale.
The price of land generally depends on the location and quality of the land, such as it is in the city center or in remote areas, developed or underdeveloped areas. Land investment is a good opportunity for buyers, but there is also risks if there is no comprehensive and in-depth study of the project or land you interested. Therefore, the buyer needs to properly evaluate the land before purchasing the land. If you don't know how to research and evaluate the land, you must seek expert help and seek expert advice before purchasing the land.
In order to successfully purchase the right land, the buyer must ask the seller of the following 10 information and content:
1. Land property rights or land ownership 

Land is sold in the form of hard property rights (the most powerful form of property granted by the State Land Management Planning Bureau in Cambodia, also the best land property rights) or soft property rights (the most common local government). Is it approved in the form of a property right form? Is property rights issued by the township or community office?
In general, buyers should try to buy hard title property land and should not purchase land with soft title in the project. Because if you don't know the owner or the project, then buying land with soft title may be more risky.
2. Is the land sold or owned by the seller? 

Is it paid by one lump sum or installments?
If the buyer finds that the entire project was purchased by the seller from another party and has not paid the full amount, then he must be vigilant. Because if the seller delays payment or does not repay the debt on a regular basis, it may affect our own development projects and contracts.

3. Is there a valid license?
Before purchasing the land, the seller must prove to the buyer the legality of the project. In principle, the project owner must submit all land business development licenses to the relevant authorities so that they can be presented to the client when needed.
At present, during selling land process, it is required to obtain permission according to the legal requirements of the township or district. According to the instructions of the Ministry of Economy and Finance, buyers are advised to inquire or request the following documents:
• The name of the land project owner on the title certificate
• Is the title certificate valid?
• Land development permit issued by the authorities
• Real estate tax return
• Contract details for buying and selling land
4. Is the land purchased directly from the project owner or sales agent?
If the buyer buys a large amount of land from a sales agent or marketing agent, there are many problems, because some agents have no sense of responsibility and they will provide fake and false information. Although buyers try to save money when they buying land, agents will not consider the difficulties and problems for buyers. And once the problem arises, they are also less likely to take responsibility and only find an excuse to say that they are only recommended according to the project owner's introduction. Here you can choose reputable intermediary, and talk to project owner directly.
5. Infrastructure needs to consider, the entire project is located on a national road or on a private road?
How long are these roads ? and is it convenient for transportation? Is there a drainage and power supply system, parking lot, sidewalk? Are there other facilities in the project? Such as parks, swimming pools, markets, gyms or resorts?
6. Is the information trustable?
In general, the market may exaggerate information or provide false information in order to quickly promote the project. For example, when they propaganda, they will say that their projects will include shopping malls, football stadiums, stadiums, entertainment facilities, swimming pools, etc. But they just advertised to attract buyers and sell their projects. There are actually no plans or facilities to build them (although some projects built the facilities mentioned in the promotion). Therefore, buyers need to conduct on-the-spot investigations to understand the authenticity of the information.
7. Basic information 

Since some project owners will not provide real information to buyers, the buyer will be more difficult to evaluate and choose before the land is bought and sold.
Therefore, before buyer purchasing any land, don't ignore the opinions from people who live in the village, and the heads of the township and district, buyer may ask them about the project information and the background of the project owner. Usually they can give buyers more accurate information than the owner or seller.
8. Is the price cheap or expensive?
Usually, the buyer can judge whether the project pricing is reasonable according to the geographical location of the project and the surrounding environment. Some of the higher-priced items are not ideal in terms of location and surrounding conditions. Therefore, before deciding to purchase land, buyers must first compare their prices with other project prices to avoid buying land that does not match the price and value.
9. Is the payment paid in one lump sum or installments? 

If it is an installment,how about the interest?
The payment method is very important, especially for investors. Most payment options are for the bank or project owner to pay in installments, with a monthly interest rate of 1% or 12% per year. However, there are other payment methods: customers are required to pay 30% to 50% of the total amount in advance, and the balance can be paid without interest within 24 months. So this means that if the buyer wants to invest and make money, then he should not choose to buy interest-bearing instalments, or else the investment profit will decrease.
10. Between the more preferred land and the project, it is necessary to compare the cost, location, potential, conditions around the project, development level, water supply system, power system, market, school and town.
At the same time, you need to know and compare other projects that are similar to the project you want to buy, have similar locations and prices, and what are the current developments of similar projects? What developments are expected in the next 3-5 years?