by PSD_Kiwi » Fri Jul 16, 2021 11:27 pm
barangfantasia, a villa does not fall under the Strata title category, therefore as a foreigner you cannot legally own. There are methods of purchasing non-strata Titled properties, but you will never legally own any such property 100%, and will not have the Title issued in your name.
Strata title is currently restricted to condominiums and office buildings.
A quick summary of what a Strata Title in Cambodia is:
A Strata Title is a special title commonly used for condo unit purchases that is available to both Cambodian nationals and foreigners.
Strata Titles can only be granted if the property in question satisfies these criteria:
- Only applicable to buildings constructed in 2010 and beyond.
- Foreigners can only own 70% of the total surface area of the building or property.
- Strata Titles cannot be issued for properties on the ground floor and/or underground.
- Strata Titles cannot be issued for any property within 30km of the nearest land border.
Most new condo development projects offer this type of title to accommodate foreign demand to own property in Cambodia.
The Law on Foreign Ownership’ was promulgated on 24 May 2010. This law limits foreign ownership to co-owned buildings. Foreigners still cannot own land, as it is unconstitutional. Strata Titles are issued by the Ministry of Land Management, Urban Planning, and Construction. This means Strata Titles are recognized on a national level.A Transfer tax of 4% percent will be paid based on the total property value upon the facilitation of the Strata Title transfer.
[mention]barangfantasia[/mention], a villa does not fall under the Strata title category, therefore as a foreigner you cannot legally own. There are methods of purchasing non-strata Titled properties, but you will never legally own any such property 100%, and will not have the Title issued in your name.
Strata title is currently restricted to condominiums and office buildings.
A quick summary of what a Strata Title in Cambodia is:
A Strata Title is a special title commonly used for condo unit purchases that is available to both Cambodian nationals and foreigners.
Strata Titles can only be granted if the property in question satisfies these criteria:
- Only applicable to buildings constructed in 2010 and beyond.
- Foreigners can only own 70% of the total surface area of the building or property.
- Strata Titles cannot be issued for properties on the ground floor and/or underground.
- Strata Titles cannot be issued for any property within 30km of the nearest land border.
Most new condo development projects offer this type of title to accommodate foreign demand to own property in Cambodia.
The Law on Foreign Ownership’ was promulgated on 24 May 2010. This law limits foreign ownership to co-owned buildings. Foreigners still cannot own land, as it is unconstitutional. Strata Titles are issued by the Ministry of Land Management, Urban Planning, and Construction. This means Strata Titles are recognized on a national level.A Transfer tax of 4% percent will be paid based on the total property value upon the facilitation of the Strata Title transfer.