tag:blogger.com,1999:blog-7268514535295850133.post2766199291878071278..comments2023-09-21T03:28:16.289-07:00Comments on CAMBODIA AS IT IS: Cambodian Property Ownership for ForeignersKJEhttp://www.blogger.com/profile/04869408230216868495noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-7268514535295850133.post-11977563762428005762013-01-11T02:37:20.637-08:002013-01-11T02:37:20.637-08:00This comment has been removed by the author.rajnihttps://www.blogger.com/profile/06444939579267581761noreply@blogger.comtag:blogger.com,1999:blog-7268514535295850133.post-49336217962445376422009-12-17T08:05:50.043-08:002009-12-17T08:05:50.043-08:00Joe,
I will explain in a soon-to-follow post on t...Joe, <br />I will explain in a soon-to-follow post on the subject.KJEhttps://www.blogger.com/profile/04869408230216868495noreply@blogger.comtag:blogger.com,1999:blog-7268514535295850133.post-6637491312016863252009-12-17T07:02:31.731-08:002009-12-17T07:02:31.731-08:00What is the Oxford's Dictionary definition of ...What is the Oxford's Dictionary definition of 'Tender Signs of Activity'? I've read many of your posts and have come to the conclusion that you don't jump into things based on msm hype. What signs do you see that lead you to believe that activity is starting to perk up?<br />cheers,<br />Joe<br />Toronto, CanadaCentral Bunkhttps://www.blogger.com/profile/08801222645965428295noreply@blogger.comtag:blogger.com,1999:blog-7268514535295850133.post-38087820025930389592009-12-12T01:42:51.811-08:002009-12-12T01:42:51.811-08:00Yes, correct, the Koreans have a lot of problems, ...Yes, correct, the Koreans have a lot of problems, not only in Cambodia but at home as well. But don't be misled by superficial events. The market is showing some tender signs of activity. Wait for another report soon.KJEhttps://www.blogger.com/profile/04869408230216868495noreply@blogger.comtag:blogger.com,1999:blog-7268514535295850133.post-69880654171434916042009-12-10T17:40:37.669-08:002009-12-10T17:40:37.669-08:00I just saw a korean family putting their house for...I just saw a korean family putting their house for sale and making preparations to go home. Now the downturn is really starting to bite.<br />What incentives would the koreans have to invest in real estate in cambodia? The free ride is over.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7268514535295850133.post-26729681900636533132009-12-07T21:33:17.081-08:002009-12-07T21:33:17.081-08:00It does seem as if the law was made specifically f...It does seem as if the law was made specifically for the Korean and other foreign property developers so that they could raise the money to build their grand mini cities. You are right in pointing out that the money will just skip out of the country and have little effect on the economy. The end result could be some large and incongruous developments putting a strain on Phnom Penh's infrastructure that might in turn make these properties unlivable.Ubiktwityhttps://www.blogger.com/profile/16765821995275634623noreply@blogger.comtag:blogger.com,1999:blog-7268514535295850133.post-10016092504532159112009-12-07T17:05:44.863-08:002009-12-07T17:05:44.863-08:00Strike 'it becomes' in the sentence '....Strike 'it becomes' in the sentence '.....so in effect.....'.KJEhttps://www.blogger.com/profile/04869408230216868495noreply@blogger.comtag:blogger.com,1999:blog-7268514535295850133.post-91529740449019998792009-12-07T17:03:25.091-08:002009-12-07T17:03:25.091-08:00Principally, yes but with an 'if'. I know ...Principally, yes but with an 'if'. I know many foreigners who bought land or houses with the help of a Khmer national - choosing not use the marriage option. The title is in the Khmer's name only. Sometimes they get a little money for that, sometimes they don't as they are friends of the respective foreigner. The big question is trust. No one can decide that for somebody else. Another option is to form a corporation, in which the Khmer holds 51% and the foreigner 49%. But the bylaws stipulate that the foreigner has more voting rights, so in effect it becomes he is the owner. However, at the time of sale of the property this might turn into a problem, if the Khmer partner disputes the distribution of the proceeds. So it must be an ironclad contract. The corporation, however, costs $700 to register, and a franchise tax of between $600 and $1200 p. a. needs to be paid, depending on the type of business.<br /><br />In case of doubt I would not buy. You can still stick to condos. The law will be passed next week. Other than that, rental is the thing. They are quite reasonable now.KJEhttps://www.blogger.com/profile/04869408230216868495noreply@blogger.comtag:blogger.com,1999:blog-7268514535295850133.post-83797401381074519712009-12-07T13:08:09.023-08:002009-12-07T13:08:09.023-08:00KJE,
If you were a foreigner who wished to purcha...KJE,<br /><br />If you were a foreigner who wished to purchase a property let's say a house in Cambodia, would you consider to buy one since there is no law allowing a foreigner to own a property ? If YES why, or NO why not ?Anonymousnoreply@blogger.com