Condos For Sale & Rent in Cambodia

A condominium is a type of real estate similar to an apartment in the sense that both have a stand-alone space that is subdivided into a living room, sleeping area, kitchen, and bathroom.

The obvious difference between the 2 residential spaces is that a condominium is usually a unit located in a jointly owned building. Each unit is independently owned using a Strata title and common areas are jointly owned and managed by an association of the unit owners.

A condominium building is a type of structure that is divided into several units, each separately owned. The common areas surrounding the units are collectively owned.

Common areas would include hallways and walkways, laundry areas, common utilities like generator and security system and facilities like swimming pool, gym, multipurpose halls, and elevators.

Apartments and Condominiums are generally the same and it is hard to distinguish one from the other. Their distinction is basically from a legal point of view and form of ownership.

• Apartments and apartment buildings are usually owned by one individual and leased to tenants separately.

• A condominium sold to individual owners may be converted to an apartment building if the developer or owner decides to keep the ownership and just lease or rent the units to individual tenants.

• A condominium has a similar structure as an apartment but is owned outright thru a Strata title.

• The quality of the materials used in building a condominium usually has a higher quality standard in terms of building materials and furnishings than apartments.

• Rental and sale price is higher for a condominium than an apartment

A condominium is basically separate units and common areas in a shared land. Ownership is only within the walls or boundaries of the units. The division of the space is specified in the Strata title that the developer will provide the unit owner.

The ownership will include the walls around the condo. The specific owner can make personal modifications that should not affect the common areas. Anything beyond the boundary is considered common area and jointly owned by the collective owners in the building.

Some condominium buildings are considered mixed-use real estate properties. These types of structures usually have retail stores on the street level and then residential spaces on the upper floors. They share common spaces like the gym, swimming pool, lobby, reception desk, and building security.

Similarly, condominiums can also be used as offices, short-term accommodations or AirBnB, hotel rooms, bank offices, housing facilities for the elderly or staff dormitories, retail shops, and restaurants.

There is also a common practice of condo unit owners leasing their units to tenants thru lease or monthly rental agreements. Although still categorized as a condo unit, it then already functions as an apartment space.

In Cambodia, condominium buildings are available in Phnom Penh, Sihanoukville, and Siem Reap. Most of these buildings are pretty new, considering that the Law on Strata titles had only been passed in 2010.

• Phnom Penh is the main economic center of the country. The demand for this type of real estate is higher in the city and there had been a steady stream of condominium buildings being built in the last decade. This property is ideal for expatriates working in the country long-term and foreigners who decided to stay in the country for good.

• Sihanoukville also has a big supply of condominiums catering mostly to the Chinese community. They are mostly located in mixed-use buildings wherein the street level spaces are dedicated for retail stores and restaurants/bars and the upper floors are allocated for residential spaces.

• Siem Reap is slowly catching up to the trend and its first condominium is scheduled to open in 2020.

A condominium unit offers their owners enough space to live in style, high-quality furnishings to live comfortably and the convenience of not having to worry about security. The additional amenities being offered in condominium buildings is also beneficial. Owners do not need to pay extra for swimming pools and gym memberships.

Some buildings also offer laundry facilities, concierge services, cleaning services, internet, parking spaces, and guards to ensure security. However, these amenities may be added to the management fee that owners need to pay.

Our listing features properties in Phnom Penh, Sihanoukville, and Siem Reap. We partner with the developers to ensure that we feature the latest available properties in the market. Descriptions of condominiums for rent and sale will specify the property features, included furnishings and available amenities of the property that you wish to lease or acquire.

Depending on your budget, the number of rooms, quality of the furnishing and additional amenities, our listing can cater to your specific needs.