Ho Chi Minh Suzuki Real Estate News Column

Where to buy land in Cambodia?

Buying land in Cambodia is attractive

In my opinion, buying land in Cambodia is very attractive. In most developing countries, the population and annual income are increasing every year in most countries, and the price of land jumps like the bubble in Japan.First of all, including Japanese vendorsAnd, if it's a long-term investment of 5 years or more, it won't fail.

 

Where to buy land in Cambodia?

You can buy it if you are a Cambodian citizen or a corporation!

 

Why you can't buy Cambodian land

Regulatory framework of land system in Cambodia

Land ownership in Cambodia

According to the constitution announced by the Cambodian government, it states as follows.

  • Only Khmer corporations and citizens of Khmer nationality have the right to own land (Article 44).

The Land Law established in 2001 also states that:

  • Limited land ownership in Cambodia to natural groups or corporations of Khmer nationality.
  • Foreigners who have forged their identity are punished because they become Cambodian landowners.
  • A corporation of Cambodia (Khmer nationality) means a company in which more than 51% of the shares are Cambodian or controlled by a Cambodian company.
  • No Cambodian citizen or corporation will be deprived of ownership unless it is in the public interest.
  • Deprivation of ownership must be done in advance in accordance with the form and procedure stipulated by law and under fair compensation (Article 5).

That is,

Only Cambodians or companies can own land.

It is that.

As stipulated in the constitution and land law, if you become a Cambodian, you can have ownership, but it is not realistic for investment purposes at all.

 

In Cambodia you should buy movable property instead of land

Ownership of movables in Cambodia

The property rights of movables are also stipulated by the Land Law and are as follows.

・ The ownership system of movables before 1979 is not recognized (Article 7).

-The exercise of ownership of property in the state's public property and private property that occurs after the enforcement of this law will be invalidated by any means (Article 18).

-Ownership of movables, which has been recognized since 1989, may constitute a right of remand against movables, which may lead to the acquisition of ownership by the owner (Article 29).

・ After the law is enforced, consider a new resident who has no ownership of movables as an illegal resident (Article 34).

-In order to transfer the ownership of movables, the ownership must be unambiguous, violent, and impartial (Article 38).

With regard to movable property, there is no regulation such as restrictions on foreign ownership, so there is no need to worry about having land. In Cambodia, the buying and selling of movables is generally proprietary. for that reason,Careful consideration when investing in non-ownershipthere is.

Property owned in Cambodia

In my opinion, Japanese people are natural, but Cambodian citizens are foreigners, so I don't think it necessary to consider purchasing land in that country.

In many countries foreign ownership of land is severely restricted. The problem was that China occupied the port instead of lending to Sri Lanka and not being repaid.

Operational right to China “Colonial” Sri Lanka Hambantota Port Loan → Large amount of debt → Loan for 99 years

In Cambodia, we have a yield-guaranteed property with ownership

There are yield guaranteed properties in Cambodia as it is still under development.Property by a company with a solid financial structureTherefore, I am willing to introduce it.

If you are interested, please do not hesitate to contact us.

Although it is not Cambodia, I would appreciate it if you could consider real estate in Vietnam.

Scroll up