Find Real Estate Properties in Phnom Penh

When you’re looking for your dream home, one of the first things to prioritize is the location. Considering convenience and proximity to opportunities as well as numerous amenities, living in gated communities or borey are the best option for you.

Borey refer to the gated housing communities of Cambodia locally. A wide range of borey is available in Phnom Penh, ranging from luxury to affordable, which caters to the pricing scale. In Cambodia, Phnom Penh has the maximum number of borey, considering the city's growing development and increasing expat population. 

Some popular types of borey in Phnom Penh Cambodia include villas, flat houses, shop fronts, and more. It may also include facilities like swimming pools, clubhouses, and on-site retail options. Living in borey in Cambodia provides the convenience of easy and stress-free living. You will not have to worry about maintenance because the facility is always available. 

Additionally, while borey prioritize security and a sense of community, it doesn’t mean that you would be far from the city center. In fact, a number of borey are located within cities like Phnom Penh! It’s confirmed by real estate firm CBRE in 2019 that there are already 170 borey there and more are added yearly. This makes it easier for you to be close to various conveniences that the heart of the city can offer—all the while living the idyllic gated community lifestyle.

If you are looking for the right home for you in a borey in Phnom Penh, then here are the best areas in the city to live in that you need to know:

Top 5 Places to Live and Buy Borey in Phnom Penh

Sen Sok

• One of the districts in Phnom Penh where borey are increasing in number due to its popularity is Khan Sen Sok.
• While it’s a relatively new district since it was only established in 2009, it’s already home to more than 40 gated communities.
• This is due to the fact that the district has a wide range of flat vacant lands, making it perfect for real estate projects.
• Not only that but a number of infrastructures are being developed here including schools, malls, and other commercial properties.
• Moreover, a big landmark that locals and expats alike go to in Sen Sok is the biggest mall in Phnom Penh which is AEON Mall 2.
• Sen Sok has various flatlands that ensure faster construction of borey.
• Being home to over 40 borey projects, a lot of people settle in this region because it is the home to Makro supermarket and AEON MALL 2, the biggest mall in Phnom Penh.
• The average cost of buying a borey in this region would range from $159,810 to $504,666, depending on the facilities you opt for. 

Russey Keo

• One of the busiest districts in Phnom Penh is Russey Keo, where it’s close to the city center since it’s just in the Northeast of it.
• According to real estate firm CBRE in their 2019 third quarter report, this district currently makes up 18% out of 170 borey developed in Phnom Penh.
• It’s a popular area for those who want to live in a borey, be in the city, as well as have quick access to the Tonle Sap River since it’s close.
• Moreover, realestate.com.kh reports that buying properties in Russey Keo is cheaper than other districts since it ranges from $128,000 up to $4 million. Renting is also inexpensive since it only costs $425 up to $4,000 monthly.
• While there are flatlands in Russey Keo, too, the extension is restricted towards the east because of the presence of the Tonle Sap River.
• Nonetheless, the good thing is you can enjoy events across the riverside while also enjoying the touch of the city because of its proximity to the AEON MALL 2.
• Moreover, this region has various tourist spots, and it also shares proximity with Daun Penh, the central business district.
• If you're planning to get a borey in Russey Keo the price would range from $130,000 to $463,000. 

Meanchey

• If you’re looking for a district that has seen a big improvement in its community in recent years, then Meanchey is the district for you!
• It’s a district that currently makes up 13.5% of borey developments in the capital, allowing for projects to be more cost effective than other khans.
• Realestate.com.kh reports that buying real estate properties here range from $109,000 to $1 million while renting them monthly ranges from $500 to $5,000.
• Generally, it’s cheaper in Meanchey since it used to be an underdeveloped area until recent years wherein more infrastructures like schools, malls, borey, and the like have been developed.
• Moreover, other big constructions will take place in the district that will upscale the area like the construction of the third AEON mall which is set to be completed in 2023.
• Meanchey is the industrial hub of Phnom Penh, with the presence of numerous factories & warehouses.
• Apart from these, many boys and markets have grown in this area because of its population.
• Considering the region's demographic, the borey in Meanchey are slightly affordable, with prices starting from $67,000. 

Chbar Ampov

• A previously rural district, Chbar Ampov has seen a large-scale improvement in recent years but it has retained the beauty of nature in the area.
• This means that despite the recent infrastructures currently and already developed in the district, you can still see a breathtaking and relaxing landscape! 
• Chbar Ampov is nearby AEON Mall 1 and the currently being developed third AEON Mall that will be the largest mall in Phnom Penh.
• Moreover, you can enjoy numerous marinas, recreational activities and riverfront activities in this district, guaranteeing an adventurous lifestyle.
• Currently, Chbar Ampov makes up 12% of borey developments or 20 gated communities in Phnom Penh.
• This is set to increase up to 30 in the following years.
• Buying a real estate property in this district currently has a price ranging from $114,000 up to $858,000.
• Meanwhile, renting per month costs $690 up to $3,000.
• There are a little more than 20 borey in Chbar Ampov, but it is predicted that in the coming few years,
• Chbar Ampov will become home to over 30 borey.
• The district has already started providing some of the best amenities and facilities, with prices starting from around $140,000. 

Por Sen Chey

• The district in Phnom Penh with the least amount of borey is Por Sen Chey since it currently only makes up 9% of projects.
• The exact number of gated communities as reported by CBRE in their Q3 report in 2019 is 16 projects which is expected to double in number in the following years.
• If you’re looking to buy a home in borey, this is a great area since the costs are relatively inexpensive compared to other districts.
• According to realestate.com.kh, buying a house ranges from $70,000 up to $1 million while renting a property monthly ranges from $680 up to $51,000.
• Moreover, you can enjoy a number of recreational activities in Por Sen Chey as well as head to a great bar, pub, or club with your friends! 
• Por Sen Chey has around 9% of the borey of Phnom Penh, which is around 16% of them.
• Therefore the demand for these borey will be slightly higher for people planning to settle here.
• The price of borey in Por Sen Chey also starts from $80,000. 

Types of Properties Available in Borey in Phnom Penh

There are various types of borey available in the market. Here are some of the popular types of borey available in Phnom Penh:

Flat Houses

• These flat houses usually have three or more storey with more than two bedrooms and washrooms.
• They are usually available in smaller housing developments and gated communities. 

Condos

• You can purchase or rent a condo in a borey with added facilities like security that help to foster a sense of community. 

Shop Houses

• Shop houses refer to the properties where the ground floor has commercial real estate usage, whereas the upper floors are used for residential purposes.
• The shop house usually has a single owner. 
• Villas: Villas are prestigious real estate properties. They have small or semi-attached properties for a more affordable rate. 

Things to Consider When Buying a Borey in Phnom Penh

When you're planning to purchase a borey in Phnom Penh, there are certain factors that you will need to consider. These include:

Location

• You should carefully consider the location of the borey.
• For example, you must check the district where you'll buy the borey. 

Amenities

• It is advisable to check the facilities available in the Phnom Penh area, like shopping malls, markets, and international markets. 

Requirements

• When living as a single or with your family, you will need to understand your requirements.
• You should check the facilities like security, shopping mall and more. 

Budget

• If you have a fixed budget for buying the borey in Phnom Penh, you need to visit around.
• The price is usually determined per square meter so you can choose accordingly. 

Ownership title

• If you are a foreigner, you must be familiar with the title.
• You can't purchase a landed property like borey in Phnom Penh as a foreigner.
• Also get to know more about Foreign Property Ownership in Cambodia 

Tax Law for Borey in Phnom Penh

• You must be aware of the transfer tax if you're getting a freehold/hard title in Cambodia.
• The transfer tax for purchasing a property in Cambodia is usually around 4 percent of the total property value. 
• The property tax will be collected at a 0.1% annual rate of the property value.
• The tax will be calculated based on houses, buildings, and other construction projects built on the land.
• However, it will have a deduction of 100000 riels for the particular property. 
• The Property Evaluation Committee, which was established by Prakas of the Minister of Economy and Finance as per the General Department of Taxation, determines the values of the property built on a particular property. 

How Can IPS Cambodia Help to Buy a Borey in Phnom Penh?

Some of the prominent ways through which the trusted real estate market leader IPS Cambodia can help in buying borey in Phnom Penh include the following:

• We have a wide range of borey for sale in Phnom Penh listed with us, so you can browse them and choose accordingly. 
• Our team will provide a personalized consultation based on the listings to help you. 
• As experts in the local market, we ensure you receive the best properties. Our local expertise will help you determine which property to choose. 
• Once you've made a basic decision, we will help you with property negotiations and viewing. 
• If you've liked the particular borey, we will prepare the lease agreement whether its a short term lease or long term or purchase agreement for you. 
• After you've bought the property, we will assist you in the entire process. We will focus on helping you get post-purchase support where you can get solutions for any problem you face so that you can get the best living experience in Phnom Penh. 

Step-by-step Guide on Buying a Borey in Phnom Penh

You can easily buy a borey in Phnom Penh with the help of IPS Cambodia. Here are all the steps to follow to buy the borey:

Step 1: Call a Property Expert

• You can contact our property experts at IPS Cambodia and discuss your requirements in a borey.
• You need to provide us with details related to the budget, location, and facilities that you prefer. 

Step 2: Discuss Your Requirements

• To help you find the perfect borey, we will need the details.
• You need to discuss your requirements, especially regarding facilities, the number of bedrooms, the floor or any other information that is important for your comfortable living. 

Step 3: Finding the Best Borey

• We have various borey listed with us, so we will help you go through the specifications before scheduling the visit.
• This helps save time while providing you with an overview of the properties. 

Step 4: Property Visit and Inspection

• We will schedule visits and inspections for you once you've picked the properties you like.
• You can inspect the property thoroughly to understand if it fits your requirements and what maintenance it needs. 

Step 5: Negotiations and Offer

• We help you negotiate and make offers for the borey you like.
• You will need to go through the terms and conditions for buying the property there. 

Step 6: Signing the Purchase Agreement

• You will need to review the purchase agreement before you make the purchase.
• As an expat, you can't buy the property, so you can take the help of a local counterpart to buy.
• Make sure to pay the property transfer tax of 4% of the property value. 
• Moreover, understanding the legal documents required for the purchase of a borey project is a crucial aspect that should not be overlooked.

Step 7: Payment Process

• You must check the payment process once you have signed the purchase agreement.
• Make sure to review the terms and conditions and check the preferred accepted payment methods.
• If you need a mortgage or finance, our experts will guide you. 

Step 8: Moving and Settling In

• After buying the property, our experts will help you move and settle in your new house.
• We will also provide you with community integration to familiarize you with the local norms and culture.
• Also, make sure you check out our handy guide for tips for moving houses – it's packed with information that'll make your move a breeze!

Step 9: Property Management Services Post Purchase

• Once you move into the property, you must opt for property management services.
• Your management team will take care of your entire property and ensure you receive the best. 

Step 10: Maintenance and Repair

• If you need any repairs & renovations on your property, you can connect with your property management team. They will assist you in the process. 
• At IPS Cambodia, we have the most convenient solutions for buying the borey. Visit us to check out some of the most popular borey available in Cambodia. 
• For any queries, contact us or fill out the inquiry form. We will get back to you in 2-3 business days or at the earliest. 

Customer Stories and Testimonials

Over the years, we have helped numerous clients. You can find what our customers have to say about us over here. 

Explore the Opportunity of a Lifetime with a Borey for Sale in Phnom Penh: Unveil the Gateway to Luxurious Living

Prime Locations of Borey for Sale in Phnom Penh

Explore the Opportunity of a Lifetime with a Borey for Sale in Phnom Penh: Unveil the Gateway to Luxurious Living

Borey for Sale in Phnom Penh

Frequently Asked Questions