Your search for the perfect condo for sale in Cambodia ends with IPS Cambodia- the trusted name in real estate. Browse through our extensive listings of condos for sale in Phnom Penh, Siem Reap, Daun Penh, Khan Meanchey, BKK1, BKK3, Krong Siem Reab, and more. Whether you are looking for a condominium to rent, to buy, or for investment opportunities, you will find a suitable property handpicked for you.
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.
Diving deeper into the Cambodian context, 2023 has been a pivotal year for its real estate market. Several compelling trends have emerged:
Why Cambodia? It's more than just numbers. It's about the culture, the strategic location, and the promise of growth. And when it comes to property, and condos for sale in Cambodia or mid-rise condos stand out as the smart choice.
A condo for sale in cambodia 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 in condos being offered is also beneficial. Owners do not need to pay extra for swimming pools and gym memberships which makes condominium a good investment.
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.
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 condo in Cambodia for sale has a similar structure as an apartment but is owned outright through 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.
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.
Delve into a wide selection of available condos for sale & rent in different provinces of Cambodia:
Ensure clear property titles, verify the developer's reputation, and assess the location's growth potential.
Finished condos allow immediate move-in, while off-plan condos might offer better prices but come with construction risks.
Yes, condos are popular among foreigners due to Cambodia's friendly foreign ownership laws for such properties.
Yes, many condos offer family-friendly amenities like playgrounds, pools, and community areas.
Yes, foreigners can legally buy condos in Cambodia, but there are restrictions on owning ground-floor properties.
Consider factors like proximity to amenities, future development potential, and the neighborhood's safety.
Yes, there are property taxes, transfer fees, and potential maintenance fees to consider.
Modern condos often feature gyms, pools, security services, and communal spaces.
Both resale condos and new developments are available in the Cambodian market.
Typically, it takes a few weeks to a couple of months, depending on documentation and processes.
Arrange a site visit, possibly with a property agent, to assess the condo's condition and its amenities.
Generally, no, but it's essential to check the condo's by-laws and any property management rules.
Yes, many condo developments offer property management services for maintenance and tenant management.
Typically, yes, but with permission from the property management or developer, especially for structural changes.
Developers might offer promotions or discounts for early buyers or during special sales events.
Compare based on price, amenities, location growth potential, and the city's economic prospects.
Features enhance living quality, provide convenience, and can increase the property's resale value.
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