What should I consider when buying a condominium in Cambodia?
There are a lot of things to think about when buying a condominium in Cambodia, it’s best to work with an experienced agent who can guide you through the process and help you get the answers you need. CBRE’s team of professional agents are available to help.
As a starting point, you should identify your budget, the reason for the purchase and where in the city you might want to purchase – the answer to these questions will help to guide your buying decision. You should always consider the developer’s track record, particulaly their previous work in Cambodia. Ask to check the developers construction permit and sales license – these documents are legal requirements in Cambodia.
Fire safety standards are something to think about carefully in condominiums, as is the building quality and the regulations being followed by the developer.
Some further key questions to consider when buying a condominium; it’s also important to understand the handover condition, as well as the taxes which are included or excluded from the price. You should also ask to understand if there are any other costs payable to the developer of the condominium, as well as details of the service charge you will have to pay upon completion of the project.
Buying a condominium can be stressful if you aren’t experienced in doing so. Using a trustworthy and well trained agent can help you avoid any mistakes.