If you are new to Cambodia, below you will find answers to frequently asked questions you may have about buying, selling, renting, and investing in Cambodia real estate. Please feel free to check out our blog section for more informative articles about real estate in Cambodia. If you still can’t find answers, please feel free to chat with us or contact us!
At IPS, we pride ourselves on offering a wide range of services to meet the needs of our clients. Our team of highly experienced and knowledgeable real estate professionals is here to assist you with all of your real estate needs.
Our services include:
✓ Property Lease and Sale Service
✓ Property Management
✓ Property Valuations
✓ Document Processing Services – Foreign Ownership Advisory, Nominee Services, Contract Agreements, Property Titles
Independent Property Services (IPS) is founded in 2009, by David Murphy who is also the Managing Director at IPS.
IPS has presence in two major cities in Cambodia:
Our primary office is in Phnom Penh located at Street 63 corner Street 294, BKK1 and we also have a branch in Siem Reap, located at Wat Bo Road corner Street 24, Siem Reap.
You can reach us at our company hotline: +855 77 959 861 (Available in Telegram and WhatsApp) or by email inquiry@ips-cambodia.com. You can also connect with us on social media by following @IPSCambodia on your favorite social media platforms. You may also send us a message here.
Our business hours are from 8:00 am to 5:00 pm, Monday through Friday, and from 8:00am to 4:00pm on Saturdays, with the exception of Cambodian National Holidays.
We specialize in both residential and commercial properties. Our team have experience in working with land sales, villas, borey, townhouses, shophouses, condos and apartments as well as different commercial properties such as office buildings, retail spaces and industrial properties.
Our website’s property listings are updated as frequently as possible. We strive to keep them current and accurate, but please keep in mind that we do not own the properties ourselves, the availability of the properties may change. We also rely on our landlords to keep us informed about the availability of the properties. If you have any questions about a particular listing, please don’t hesitate to chat or contact us and we will do our best to provide you with the most up-to-date information. We look forward to helping you find your next home!
IPS website displays the prices of the properties in US Dollars (USD)
YES. Foreigners are allowed to buy property in Cambodia, although there are some restrictions, on the types of property that can be purchased – these are co-owned buildings, which include condominiums and strata-titled properties. Under Article 44 of the Cambodian Constitution, “only natural persons or legal entities of Khmer nationality shall have the right to land ownership.” But luckily, THERE IS, be it for residential, commercial, or agriculture purposes, a foreigner can legally own or have a right to a landed property under these methods:
– Leasing a land under long-term contract [leasehold]
– Investing in land through concessions
– Forming land holding company/taking the minority stake
– Through a Cambodian nominee
Check out this article, to learn more about these processes.
The process of buying a home in Cambodia can vary depending on the type of property you are interested in and the location. Here is a general outline of the steps you may need to follow:
1. Research and decide on a property
2. Make an offer
3. Conduct due diligence
4. Sign a sales agreement
5. Close the sale
For a more detailed process, check out this home buying road map that we have prepared to help you in buying your ideal home.
It’s important to note that the process of buying a home in Cambodia may differ from the process in other countries. Contact our team at IPS for professional advice and guidance to ensure a smooth buying process.
In order to buy a property in Cambodia, you will need the following documents:
If the buyer is an individual –
✓ Proof of identification (Passport, National Identity Card)
✓ Residential Book or Family Book
✓ Birth Certificate
✓ Marriage Certificate (If you are married)
✓ Single Certificate (if you are single)
✓ Copy of Witnesses ID card (individuals who will witness the sale)
If the buyer is a company –
✓ Company’s Memorandum of Articles
✓ Company business licenses
✓ Tax Patent
✓ Power of Attorney for each company director
✓ Single Certificate (if you are single)
✓ ID card and birth certificate of Chairman of the board
All documents need to be certified by the ministry. Some certifications can be done in Phnom Penh or Siem Reap, and others can be done in your province of birth.
No. It is not required to hire a lawyer when dealing with a licensed and registered real estate agency. IPS is both licensed and registered as a real estate agency in Cambodia (License No. EV-12-096) and we have our own internal legal team that drafts all legal agreements for you without charge. In addition to this, our team is able to provide due diligence services to ensure your investment in property is without risk.
There are several factors that can impact the value of your property in Cambodia:
• Location: Properties in desirable areas or locations with good amenities will typically be worth more than those in less desirable areas.
• Size: Larger properties are generally worth more than smaller properties.
• Condition: Properties in good condition will generally be worth more than those in need of significant repairs or updates.
• Amenities: Properties with amenities like pools, garages, or updated kitchens may be worth more than those without these features.
To determine the value of your property, you may want to consider the following steps:
1 Research the local market: Look at the prices of similar properties in the area to get an idea of what your property may be worth.
2 Consider any improvements you have made: If you have made any renovations or updates to your property, these may increase its value.
3 Hire a professional valuer: You can hire a professional valuer to assess the value of your property. IPS also provides this service. We provide a balanced, market led approach, aided by up-to-date market knowledge from our Valuation experts.
4 Consult with your IPS agent: IPS agents are familiar with the local market and can provide first-hand insights on the value of your property.
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Please check out the following articles for more information about Property Valuation
What is Property Valuation?
How much is your property worth?
How to estimate your property’s market value?
In order to sell a property in Cambodia, you will need the following documents:
If the seller is an individual –
✓ Proof of identification (Passport, National Identity Card, Cambodian ID card)
✓ Residential Book or Family Book
✓ Annual Property Tax Receipts
✓ Original Copy of Property Title
✓ Witness ID Card (individuals who will witness the sale)
If the seller is a company –
✓ Company’s Memorandum of Articles
✓ Company business licenses
✓ Tax Patent
✓ Power of Attorney for each company director
✓ ID card and birth certificate of Chairman of the board
All documents need to be certified by the ministry. Some certifications can be done in Phnom Penh or Siem Reap, and others can be done in your province of birth.
3%. In accordance with Cambodian law, IPS typically charges 3% commission on the total sale price of the property. For example, our commission on the sale of a $100,000 property would be $3,000.
The Strata Title system offers freehold ownership of condo units in Cambodia. You have a full freehold title to your property which you can sell or bequeath to your children with full legal oversight and protection via the Strata Title legislation which was first established in 2009.
Cambodia has a very straightforward and open Visa policy. Visas for short stays are available on arrival in the country to the vast majority of nationalities. For foreigners spending longer periods in the country or moving permanently to Cambodia there is no difficulty either – an E-Class Visa is easy to obtain and can be renewed annually at a cost of around $350.
No. Foreigners don’t need a visa or residency status to buy a condo in Cambodia. If you’re buying from overseas and don’t plan to visit, no visa is required. You’ll only need a visa if you travel to Cambodia, following the usual visa process depending on your nationality.
There are routes for foreigners to obtain Cambodian citizenship but all IPS clients and expat staff who live/work/retire in Cambodia use the E-Class visa on a recurring basis for permanent residency rather than seek citizenship as there are no practical advantages to becoming a citizen.
Flexible payment options are a key consideration for property investment. We work with developers offering manageable payment plans and will provide detailed information on available plans to help you find the best fit for your financial strategy. Developer loans at handover may also be available, allowing for medium/long term manageability.
IPS offers comprehensive rental and property management solutions. Standard tenant placement fees are one month’s rent for a one-year contract, prorated for shorter tenancies. The typical property management fee is 10% per month for full tenant and owner services, however IPS offers a reduced rate of 8% for our own buyer clients. As the longest established and market leading rental agency in Cambodia, IPS is ideally positioned to quickly secure tenants for your property.
The key taxes involved are a title transfer tax of 4% of the value of the property at handover and a modest annual property tax (TOIP) of 0.1% of your property’s market value. The implementation of a capital gains tax of 20% has been postponed several times by the government, and was again postponed in 2025; however, it should be borne in mind that CGT may become a factor depending on your timeline for sale of your condo.
These fees typically range from $0.5 to $2 per square meter per month. The average is around $1 per square meter per month. Other associated costs may include utilities and parking charges if parking is required. Typical costs involved are around $0.25 per kwh for electricity, $0.60 per cubic meter for water, and car parking leasing charges for one vehicle are usually around $30-40 per month.
With IPS Cambodia’s very selective approach and vast experience we aim to deliver only the highest return on investment for our clients with typical rental yields in the range of 6-9% depending on unit type and location.
With a Sale & Purchase Agreement (SPA) in place, IPS can arrange the opening of a secure, private offshore USD bank account with ABA Bank (owned by National Bank of Canada). Use your Visa/Mastercard globally, manage via mobile app, and receive personalized service from a dedicated ABA representative.
Off-plan condo risks include construction delays, developer instability, changes in specs, lack of transparency, legal complexities, and hidden costs. Due diligence is crucial, and this is the cornerstone of the IPS approach to property investment in Cambodia over the last 15 years.
Our entire reputation is built upon more than 15 years of working only in a targeted fashion with a very small number of reputable developers with proven track records. We have carried out thorough due diligence on these developers and we conduct meticulous contract reviews, with transparent communication throughout the process. We only represent a handful of off-plan projects in Phnom Penh as we only take on those developers with whom we have strong historical relationships, and we like their product. In short, we don’t bring default risk into our buyers’ lives.
Capital appreciation in Cambodia has been strong over the past 16 years as the market has evolved with the huge demand created by the change in Foreign Ownership laws in 2009. Cambodia has experienced average GDP growth of 6.91% from 1994 to 2023. Growth is expected to remain above 6% for the next 3 years.
In addition, Cambodia has the most amazing population demographics with average age currently 27.1 years old and over 65% of the country under 30 years of age. This combined with rapid urbanization creates a demographic dividend like no other. Capital growth is set to continue to be strong and projected to exceed 5% per annum in line with GDP.
An off-the-plan (off plan) property is a property that is purchased by the buyer prior to its construction being completed. However, buyers can view the unit layouts and construction plans, plus understand the precise inclusions of the Sales and Purchase Agreement (SPA) prior to purchasing. It’s also called pre-selling or a pre-sale property. It is also sometimes called an off-plan property.
The core benefit of buying off-plan is the opportunity to select condos or other units with the most-prime locations within the project, and there is also a chance to customize the condo to your unique needs in some cases. The price is also lower in the pre-sale phase, and customers benefit from staggered payment terms, normally including a booking fee, followed by payments according to the construction completion status of the project. This allows the buyer to pay overtime, and complete payments only when the unit is ready to handover.
The process of renting a property in Cambodia generally involves the following steps:
1 Determine your budget and desired location.
2 Search for properties on our website or book a viewing with one of our agents.
3 View properties in person to assess their condition and suitability.
4 Negotiate the terms of the rental with the landlord.
5 Sign the rental agreement
6 Pay a deposit – typically equivalent to one- or two-months’ rent, as security for any damages to the property.
7 Move in and start your tenancy.
It is highly recommended to work with a professional leasing agent when renting a property in Cambodia, as they can help you navigate the process and ensure that your rights and interests are protected. At IPS, we have highly capable leasing agents who can help you with your property search that meet your criteria, arrange viewings, negotiate the terms of the rental, and handle the paperwork and legalities of the rental process.
Want to save time and reduce the stress of finding and renting a property in Cambodia? Find properties for rent or contact us!
To rent a property in Cambodia, you will typically need to provide a copy of your passport and visa.
No. We will help you find a property to rent, absolutely FREE! In Cambodia, it is common for landlords or property owners to pay the agency fee when a property is rented through an agency.
You can pay your monthly rental payment directly to the landlord, by cash or bank transfer/deposit.
One (1) month commission for one year lease, and half price for any extension.
Cambodia has been receiving major foreign investments in recent years. It had also enjoyed stable economic growth for the last 20 years. Cambodia is one of the best places to invest among other Asian countries. It has a welcoming attitude to foreigners. The government made it easy for any nationality to stay long term.
This Cambodia investment guide provides full details and list all factors of the Kingdom’s financial growth.
The official currency in Cambodia is the Cambodian Riel (KHR). However, the US Dollar (USD) is also widely accepted. It is common to see prices listed in USD and to make payments using either currency. The exchange rate is around KHR4100 = USD1.
Cambodia is one of the cheapest places to visit, work, or retire. However, these expenses can vary depending on your lifestyle and where you live. Check out this article to get an In-Depth Look at the Cost of Living in Cambodia
YES, you can open a bank account as a foreigner in Cambodia. Most of the major financial institutions such as ABA Bank, offer services to both local and expat clients.
Read: Opening a Bank Account in Cambodia as an Expat
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