Find Real Estate Properties in Siem Reap Province

Siem Reap: The Land Of Smiles 

In 2023, Cambodia's real estate market reflects dynamic trends shaped by global economic conditions. Siem Reap real estate market, in particular, has emerged as a prime real estate destination, attracting families and professionals alike. Its appeal lies in a blend of cultural richness and economic prospects. 

• Families are drawn to the city's strong sense of community, excellent educational facilities, and diverse leisure options. 
• Professionals find opportunities for career growth amidst a high quality of life. 
• Urban development initiatives have significantly boosted real estate values, thanks to strategic infrastructure improvements. 

Siem Reap's strategic location, coupled with ongoing advancements like new 38 road projects and a new airport in Siem Reap, positions it as an ideal investment hub. Moreover, the Cambodian government's incentives for property buyers and investors and Cambodia Tax Incentives further enhance the attractiveness of investing in Siem Reap's growing real estate market. 

So for all those looking to embrace a peaceful country living in Siem Reap, explore our range of condos for sale Siem Reap, curated to help you seize the promising opportunities this city presents.

What Are The Top 6 Reasons To Invest In Siem Reap Condos?

These top 6 compelling reasons to invest in Siem Reap condos provide a multitude of advantages that make this Cambodian city an enticing destination for real estate investment.

High Rental Yields 

• Siem Reap's status as a sought-after tourist hotspot translates into a robust demand for rental properties.
• Expect impressive rental yields averaging between 8% to 10%, providing a steady income stream from your investment.

Capital Appreciation 

• With Siem Reap experiencing rapid urban growth, real estate values are on an upward trajectory.
• This signifies the potential for substantial long-term gains on your investment.

Low Property Taxes 

• According to the property tax in Cambodia ultimate guide, it has relatively lower taxes on property, which can significantly alleviate your investment expenses, contributing to higher returns.

Foreign Ownership 

• Based on the details provided in Foreigner Ownership Property laws, foreigners enjoy the privilege of owning 100% of condominiums in Cambodia, making it an inviting prospect for global investors seeking a secure foothold in Southeast Asia.

Affordable Living Costs 

• The cost of living in Siem Reap is lower when compared to other tourist-centric destinations in the region, making it an economically sound choice for real estate investment.

Portfolio Diversification 

• Investing in Siem Reap condos diversifies your investment portfolio, leveraging real estate as an asset class with reduced correlation to conventional investments, potentially minimizing overall investment risks.

Beyond these key reasons, Siem Reap boasts:

Cultural Heritage 

• Home to the iconic Angkor Wat temples, a UNESCO World Heritage Site, offering an immersive cultural experience.

Also, make sure you scope out the list of different temple in Siem Reap – as they offer a harmonious blend of history and spirituality.

Natural Beauty 

• Surrounded by breathtaking natural landscapes, including the expansive Tonle Sap Lake, providing a serene and picturesque environment.

Thriving Economy 

• Siem Reap thrives within Cambodia's booming economy, positioning itself as a beneficiary of the country's rapid growth.

Considering an investment in Siem Reap condos? It's advisable to conduct thorough research and seek guidance from reputable real estate agents, like IPS Cambodia. Our expertise can assist in finding the perfect property aligning with your investment goals and aspirations.

Advantages of Choosing a Condo for Sale in Siem Reap

Let’s get into the details of the advantages offered by investing in Siem Reap condo for sale. Delve into the multitude of advantages offered by investing in condos for sale in Siem Reap, each presenting distinct opportunities:

Affordability and Prime Locations 

• Siem Reap's areas like Wat Bo, Svay Dangkum and Taphul Village present budget-friendly condos in sought-after locations, ideal for first-time buyers or savvy investors aiming for cost-effective properties in prominent neighborhoods. 

Likewise, check out our ultimate guide on Siem Reap's best residential location, Sala Kamreuk, to know more.

Luxurious Amenities and Low Maintenance

• Condos along Bakheng Road or Sok San Road boast deluxe amenities such as swimming pools, fitness centers, and enhanced security, ensuring a convenient, luxurious lifestyle with minimal upkeep.

Central Convenience and Accessibility 

• Prime condos for sale in Siem Reap Cambodia central area, including Wat Damnak or the Old Market Area, offer unparalleled access to vibrant markets, dining hotspots, and major attractions, facilitating a seamless and well-connected living experience.

Security and Tranquility 

• Gated community condos like those in Borey Prem Prey or Borey Angkor Palace prioritize resident safety through robust security measures, fostering a serene and secure environment for homeowners.

Also, while you're at it, check out the different types of borey for sale in Siem Reap.

Lucrative Investment Potential 

• Strategic condo choices around Wat Thmei or Wat Polanka, frequented by tourists and expats, present promising investment prospects with consistent rental demand, ensuring a steady stream of income for investors.

Community Engagement and Interaction 

• Condos nestled in community-centric areas like Wat Bo or Wat Damnak foster a sense of belonging and camaraderie among residents, creating spaces for social interaction and support.
• Investing in Siem Reap condos isn't solely a financial decision but a lifestyle choice.
• Each area offers unique advantages, catering to varied preferences and investment goals, presenting an exciting array of opportunities for prospective buyers seeking a distinct living experience in this vibrant city.

What Is The Standard Of Living In Siem Reap?

Siem Reap, Cambodia, offers an invitingly affordable standard of living compared to numerous global cities. The cost of living in Siem Reap remains notably low, providing abundant options for reasonable accommodations, dining, and transportation.

Here's an overview of the average monthly expenses for a single person residing in Siem Reap:

• Accommodation: $7.57 - $230
• Food: $110 - $200
• Transportation: $15 - $30
• Utilities: $30 - $50
• Other expenses: $100 - $200
• Total: $255 - $630

These figures are indicative, and your actual costs will hinge on your lifestyle choices. Those comfortable with budgeting can comfortably manage on $400 or less monthly. Conversely, embracing a more lavish lifestyle might incur expenses closer to $1,000 monthly.

Various factors influence the cost of living in Siem Reap:

Accommodation Choices

• From budget-friendly guesthouses to more upscale options, accommodation costs vary based on preferences and locations.

Dining Preferences

• Opting for local street food can significantly reduce food expenses while dining at Western-style restaurants may raise costs.

Transportation Modes

• Walking or cycling can cut transportation costs, while tuk-tuks or taxis add to the expenses.

Lifestyle Choices

• Personal entertainment preferences will impact expenses; nightlife may cost more than exploring cultural attractions.

Overall, Siem Reap offers a reasonably affordable lifestyle. With prudent planning and mindful spending, enjoying a comfortable life in this charming Cambodian city is easily attainable. Residents and expats benefit from a lower cost of living coupled with the city's unique cultural richness and attractions.

Condo Types, Characteristics offered by IPS Cambodia

When seeking a condo for sale in Siem Reap, several factors demand consideration. Which area aligns with your lifestyle? Where are the prominent international schools? What shopping hubs or markets lie nearby? Which neighborhoods cater best to families? And for the best understanding, always have clarity about the difference between service apartment vs condo vs apartment for a wise decision. 

 At IPS Cambodia, we'll guide you to discover the perfect condo in Siem Reap that meets your unique needs.

Affordable Condos 

• Tailored for Siem Reap residents seeking property within a modest budget, these condos typically feature 1 or 2 bedrooms, ideal for smaller families of two or three members. 
• Spanning 30 to 50 square meters, these budget-friendly condos offer affordability at approximately $1600 per square meter, suitable even for short-term stays.

Mid-End Condos 

• Targeting the middle-class populace, these condos offer 3 to 4 bedrooms, catering to larger families or those seeking more space. 
• Priced around $2500 per square meter, these mid-range condos offer a balance between affordability and additional room for comfortable living. 

High-end Condos 

• Recognized as luxury condos, these residences boast an array of amenities akin to a five-star hotel. 
• With 7 to 8 rooms, often occupying the top floors of buildings, these high-end condos offer luxury living at a premium price, starting from $3,300 per square meter and beyond.

Wondering whether the price of condos also varies on floor levels? Find your answer in our article on why are condos so expensive on high floors. 

At IPS Cambodia, we specialize in showcasing diverse condo types, each tailored to distinct lifestyles and preferences. Whether you seek affordability, ample space, or luxurious living, our range of condos caters to varied needs, ensuring a seamless and personalized real estate experience in Siem Reap.

Popular Areas to Buy Condo in Siem Reap

Siem Reap has the coolest neighborhoods in the world and famous locations where condos for sale can be purchased are as follows - 

Sala Kamreuk 

• Renowned among expats, Sala Kamreuk is a bustling locale featuring an array of residential properties, hotels, and commercial establishments.
• It's characterized by a diverse range of options, with condos for sale ranging from $2000 to $1,5000 or even more, based on preferences and requirements.
• This area caters well to various budgets and preferences.

Slor Kram 

• Situated in proximity to the Wat Bo area and the city center, Slor Kram is a magnet for tourists seeking leisure activities.
• It serves as a highly-desired residential spot for both locals and expats due to its accessibility and leisurely ambiance.

Rose Apple Square 

• Recognized as a landmark location for condos for sale in Siem Reap, Rose Apple Square offers unique and distinct condominium living experiences.
• It stands out as an exclusive option for those looking for something extraordinary.

Svay Dangkum 

• Offering a blend of convenience and community, Svay Dangkum provides diverse options for condo purchases.
• This locale caters well to expats, tourists, and locals alike, showcasing a harmonious blend of accessibility and community living.

Krong Siem Reap

• Serving as the heart of Siem Reap, Krong Siem Reap features a diverse mix of residential and commercial properties.
• It offers a wide array of condo options suitable for various lifestyles and preferences, thanks to its central location and diverse offerings.

How IPS Cambodia Can Help to Buy a Condo in Siem Reap?

Extensive Listings 

• We offer an extensive and regularly updated database on Siem reap real estate.
• From studios to luxury penthouses, our listings cater to diverse budgets and preferences.

Personalized Consultation

• We believe in personalized service.
• Let's have an in-depth consultation to understand your unique condo needs.
• By considering your lifestyle, budget, and location preferences, we'll provide tailored guidance for a focused and suitable condo selection.

Local Market Expertise

• Leveraging our experience and knowledge of Siem Reap's real estate market, we provide valuable insights.
• We have detailed information about neighborhoods, rental trends, and market dynamics to offer informed advice.

Don’t forget to check out the siem reap map to get an in depth idea of this province.

Property Viewings and Negotiations

• We can book an Ips Cambodia property viewings at your convenience and accompany you during visits.
• We'll provide guidance, answer your questions, and assist in negotiating favorable terms to secure the best agreement for your chosen condo.

Purchase Agreement Assistance 

• We understand the complexities of purchase agreements.
• We'll meticulously review the terms, ensuring your rights are protected, and guide you through the document processing paperwork.
• We also offer property management, property valuation, long and short term lease services for a seamless buying process. 

Post-Purchase Support 

• Our commitment extends beyond the purchase.
• We offer comprehensive post-purchase support, promptly addressing any concerns or queries that may arise after you acquire your condo.
• Our dedication ensures a smooth and satisfying condo buying experience in Siem Reap.

Step-by-Step Guide on Buying a Condo in Siem Reap

Purchasing a condo in Siem Reap involves several crucial steps, and IPS Cambodia is here to facilitate a seamless and hassle-free experience. Follow this comprehensive guide:

Step 1: Contact IPS Cambodia

• Initiate your condo-buying journey by contacting IPS Cambodia, a trusted real estate agency in Siem Reap, via their website or office.

Step 2: Share Your Requirements

• Discuss your budget, preferred condo specifications, and desired location with an IPS Cambodia expert to narrow down your search.

Step 3: Research and Identify Properties

• IPS Cambodia will curate a list of condos matching your criteria from their portfolio, ensuring a tailored selection.

Step 4: Property Inspection

• Personally visit shortlisted condos to inspect their condition, noting any maintenance needs or concerns.

Step 5: Make an Offer and Negotiate

• IPS Cambodia will guide you through making an offer and negotiate favorable terms on your behalf.

Step 6: Financial and Legal Considerations

Required Documents for Renting

• Gather necessary documentation like ID and proof of income.
• Legal Aspects for Expats and Locals: Understand legal procedures concerning property transactions.

Transfer Tax Payment 

• Get guidance on taxes applicable during property transfers.

Step 7: Payment Processes

Payment Terms and Conditions

• Understand payment schedules and transaction conditions.

Accepted Payment Methods 

• Know the payment options available for a smooth transaction.

Financing and Mortgage Option 

• Explore financing avenues and available mortgage details.

Also learn more about how to do real estate finance in Cambodia.

Step 8: Moving and Settling In

Moving Services 

• Choose any one of the recommended moving companies and also check our comprehensive article on moving & packing tips.

Setting Up Your New Home 

• Access a utility setup guide and tips for optimizing condo space.

Community Integration 

• Learn about local communities, social groups, and cultural norms.

Step 9: Post-Purchase Support

• Stay connected with IPS Cambodia's property management team for ongoing assistance and support.

Step 10: Maintenance and Repair

Process for Reporting Issues

• Understand the reporting procedure for any maintenance concerns.

Expected Timelines for Fixes

• Get an idea of the timelines for resolving reported issues.

Top Condo for Sale in Siem Reap

Check out these top condos for sale in Siem Reap.

Frequently Asked Questions