Stunning land and resort for sale Kampong Speu 97 hectares

Details

This stunning land and resort is for sale in beautiful Kampong Speu for only $4/sqm.

It comes with high quality assets (land, gardens, access roads, building infrastructure) located in a beautiful part of Kampong Speu near Tasal Dam).

The property has huge potential to create a sustainable & profitable business.

It is only 125km from Phnom Penh and is surrounded by an enviable array natural resources such as forests and natural hot springs.

Kampong Speu property details:

• On-site generator with 3-phase power
• Date and cashew plantations in situ
• Onsite water wells and running river through property
• Title: Soft (convertible to hard)
• 4 large, self contained renovated 3-bedroom villas
• Other functional assets, include staff accommodation
• Swimming pool, rotunda, carparking and landscaping.
• Nearby land: $5/sqm (undeveloped)

Original ID: KS.A6

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We also have apartments, condos, office spaces for rent or for sale in Phnom Penh, Siem Reap, Kampot and Sihanoukville.

Smart investment with Abode

Smart property investment is attainable if you follow some simple guidelines and the following is how foreigners can do this under Cambodia law. Abode is here to help, if you need.

There are essentially 5 smart investment options that allow for foreigners to buy property in Cambodia:

1. Forming a company with a Cambodian Citizen (>50% Cambodian shareholding) with which to buy property;
2. Obtaining Cambodian citizenship (see CM2H program) in Cambodia or by marriage (to buy under his / her name);
3. Buy property with a Cambodian citizen’s name and putting legally protective measures in place (such as hypothee or long term lease);
4. Obtaining a long term lease (<90 years); and
5. Purchasing a strata title / condo property (this is the only hard title property type that can be purchased under a foreigner’s name).

The Cambodia government unveiled new foreign ownership laws related to co-owned (or shared) buildings in 2010 indicating that:

• Foreigners cannot own ground floor properties or land (soft or hard title)
• Total foreign ownership of private units must not exceed 70% of a single building or project
• Does not apply to properties <30km of national borders (some exceptions e.g. SEZ)

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Good guide to investing in Cambodia

Here is a good guide to investing in Cambodia that should steer you away from total financial disaster. The real estate market in Cambodia is extremely varied, more so than most countries, which can make investing either a smooth journey or a rocky one.

What separates a successful from unsuccessful investor is not pure luck, as many think, but the ability to recognise and avoid mistakes. Investing in Cambodia is no different, so here are some things to consider before you part with your hard earned cash.

Research

Having a deep wallet may help you in the short term. However, knowing where the market is now and where it is likely to go is part of a long-term strategy that will prove beneficial. This is best attained by being aware of and finding more information on upcoming projects.

Short term gains may be made, but knowledge of the real time investment climate will more likely provide better long-term options for you.

Large upcoming infrastructure projects – roads, rail, bridges, shopping centres, subdivisions – generally nudge property values and attract businesses that will generate better investment options.

It is wise to undertake a feasibility study of your own, supported with information gleaned from professionals with a finger on the foreign investment in Cambodia pulse.

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