Property in Cambodia

[Startmeup]

What are the best websites for sales and rental property in Cambodia?

 

Does anybody have an opinion of Cambodia from the POV of real estate investing, is it an up and coming place? Thailand of 20 years ago maybe….

[zzzzz]

prices are still all aimed at the chinese market an little is selling>  
WAY overpriced 
all the new condos, poorly built homes in gated communities in PP will be like  ghost town soon. 

[mascone]

I own few condos and couple landed houses in Cambodia. Condos I own yield is 9%-14%. Landed houses around 15%. There are lot of overpriced units but bargains can be found. When the population is so young and economy developing, of course it's up and coming market.

[Startmeup]

5 hours ago, mascone said:

I own few condos and couple landed houses in Cambodia. Condos I own yield is 9%-14%. Landed houses around 15%. There are lot of overpriced units but bargains can be found. When the population is so young and economy developing, of course it's up and coming market.

I think at least an 8-10% yield would be required given the available returns in other asset classes nowadays. 
Why did you decide to invest in Cambodia and what locations would you recommend? 

[save the frogs]

this blog is run by an american guy Reid sth.

he's a big fan of investing in cambodia real estate

 

https://www.investasian.com/country-guides/invest-cambodia-property/

 

a problem exists: well-paid expats, often making six-figure salaries from international firms, have issues finding apartments that meet their standards.

[Mang Gon]

I'm not sure why professional ex-pats would have trouble finding a nice unit other than location, location, location.

Disclaimer: I have only been in Pnomh Penh a short time. However the 2 units i have stayed have been decent. I'm a bachelor and my standards are not that high except for quiet and proximity to shopping/eating (for groceries). Compared to some places i lived in Thailand these are 5* luxury resort living 555.

Driving can be a slow ordeal. I'm not sure how it is as a driver as i don't have vehicle here. For a commuter i could see potential issues so living close to work would be a big plus. The tuk tuks are a surprisingly fine way to get around. The drivers are characters and very helpful with bags etc. 4,000 for short trips?! Yessir. That's like $1 usd...i usually give them a 10'r or $2.50 and they seem happy.

Prices of units seem okay, but not el cheapo. Base minimum $500 for a small studio or 1 bedroom in a high rise (12 month lease i am assuming). There are tons of them available afaik. Looks like $60,000 - $75,000 buy price for same level unit. I personally would add in the cost of a car or motorcycle if you like living on the edge (555).

All in all I have found Khmer people very warm and gracious people. I think this is a market that could use some love and you will get back the same in spades (and maybe dollars)

I can send your info along to a local lady who is English proficient and has work in real estate development. I don't have any experience with her other than i rented a condo from her. I'm not sure but i think she could be a good starting contact. She treated me fairly on an issue with her rental to me.

 

Good luck )

if you want you can message me and i can try to look in to something for you (boots on the ground so to speak)

My background was also RE development but from a Civil Engineering/Architecture educational background with heavy emphasis on single family home subdivisions/construction (timber frame) and strip malls anchored by Food Lions/CVS and then mom and pops to fill the tenant spaces. i just sit around a pool all day loafing so would not be a big deal 555. Cheers.