Cambodia is so poor, why do people go crazy to buy houses?

Because Cambodia is poor, housing prices are cheap, and many people in the country who are not too rich can afford it, and they think that Cambodia will develop slowly in the future, and then the price of the house will rise, and the value of the house will also appreciate.

Phnom Penh, the capital of Cambodia, is their political, economic and cultural center, with more than 2.1 million locals and hundreds of thousands of foreign permanent residents. Phnom Penh has gathered a large number of foreign companies and foreign embassies, and most of the local wealthy people also live in Phnom Penh.

There are three ways to buy a house in Cambodia:

1. Buy through a local company.

It is possible to form a company in partnership with Cambodian citizens to buy, sell and transfer land in the name of the company. But make sure that the Cambodian partner has 51% of the real power.

2. By leasing land.

Long-term lease of land is a common method used by foreigners. Long-term leases allow for the management and use of Cambodian land. Long-term leases are given the right to develop land and construction.

The lease term is very flexible. Leases generally last 50, 70 or 99 years. Keep in mind that leases of up to 15 years or more must be registered with the land office in order to be valid.

3. Purchase by obtaining local nationality.

If you acquire Cambodian citizenship, you have the right to legally purchase Cambodian land. Buying land as a citizen of your home country is the easiest and most cost-effective method. However, this approach would be tantamount to ignoring the constitutional prohibition on direct ownership of property by foreigners.

So, it seems to be illegal, and investors are not legally supported to do so.

To buy a house in Cambodia, you must first go through a formal real estate agency or agency to choose the property you like, and then go through the following process:

1. Select a house and pay a deposit; 2. Sign the purchase agreement for the down payment, and prepare the following materials: passport, identity translated into Khmer and marriage certificate. (required by the local Land Management and Urban Planning and Construction Bureau); 3. Delivery:

Opening a bank account, paying off the house payment, prepaying 6 months of management and water and electricity bills, signing the household covenant, etc., handing over the fingerprint, paying taxes and fees, etc., entrusting the company to rent and sell on behalf of the company; 4. Handle property right registration (hard card): pay registration tax, generally 4% of the house price; Real estate tax to be paid per year = (total house price - $25,000); 5. Transfer: The buyer must be present and draw a pledge on the supporting documents.

As far as I am concerned, first, foreigners can legally buy a house above the second floor in Cambodia, and it is a freehold property, if I don't sell it, the house will be mine for generations, and it is not impossible for the children to go over and develop at that time; Second, there is a fixed income of 6% every year, so I will treat it as a financial product, and I think this income is acceptable, so I bought it; Third, it is a US dollar asset, which can hedge the depreciation of the RMB. Fourth, as the capital of a country, with decoration is only about 13,000 **, look at the capitals of surrounding Southeast Asian countries, Bangkok, Ho Chi Minh City, etc., have gone to more than 40,000, and some core areas have gone to 60,000, I think Phnom Penh is still worth a depression, and there is ** space, so I bought it; Fifth, also because of poverty, in May and June, I ran six trips to Huiyang and Daya Bay, and finally did not buy, I really feel that the threshold is higher for me, because more than two sets, the down payment goes to fifty percent or even more, and the interest rate rises by 40%-55%, and the down payment here is the total price of a house in Phnom Penh, plus I think the investment cost is too high, if you borrow 1 million, the interest is already higher than the principal, plus the upper limit of sales, it will take five or six years to change hands, which is not suitable for my own personal situation. So to sum these, I went to Phnom Penh with my friends to see, and it took five days to make a move, I am Xiaobai, but my friend is not a Xiaobai, there are several houses in Shenzhen, Hangzhou, Vancouver, and New Zealand. These are based on my personal situation of buying a house in Phnom Penh, and you can take a look at the official account of "Cambodia to buy a house", I hope it will help you.

As a member of the Association of Southeast Asian Nations (ASEAN), Cambodia is a relatively poor country in comparison with other developed and developing countries. And compared to China, the big brother of ASEAN countries, Cambodia is quite poor.

Cambodia's real estate sector has been growing significantly over the past few years. In Phnom Penh, Siem Reap, Sihanoukville, Poipet, Bawe, Kep and other districts, a series of uninterrupted construction work is underway as large-scale investment has fueled a booming Cambodian construction industry. In fact, buying a house in Cambodia is not **, and Cambodian real estate is not an investment trap.

1. In Phnom Penh, the capital of Cambodia, there is a long list of residential, commercial and mixed-use developments that have recently been completed, are ongoing, are in preparation or are under planning. As a result, the number of apartments and other residential units is constantly increasing. Over the next five years, the demand for local and Chinese support and** is likely to be the biggest influencing factor for Cambodia's real estate sector.

The outlook for foreign investment in Cambodia's real estate sector is also promising.

2. Before 2010, Cambodia did not allow foreigners to hold their own property rights, let alone above-ground property rights. But in 2010, the "Foreigner Ownership Act" was passed in May, which means that as long as you don't bring land, such as an apartment or a building, as long as you don't buy the first floor (that is, the first floor on the ground), you can start from the second floor and go up, foreigners can buy as much as they like, and you can buy it with only a passport. To sum up, buying a house in Cambodia is **not**, and Cambodian real estate investment is not an investment trap.

I went to Cambodia to be a lawyer in 2015 In Westport, I witnessed the rapid development of Westport, here is like Shenzhen in the 90s, the investment environment is very good House prices are very high, the future prospects are very good, I have helped many Chinese buy houses in recent years Legal advice and contract review, there are still a lot of pitfalls here, if you don't understand you will also be deceived, if you need to find me.