Owning/leasing land

Last activity 24 June 2015 by JanKrohn

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panama88Active member27 January 2015 08:51:57

Hello! I understand foreigners cannot own land, but only the buildings on them. Or they can lease land up to 99 years.

How are these contracts made? What if a foreign owns 100% of a Company, can that Company own land? The use is for business, not for personal use.

I see some good properties on sale, I wonder if the seller would agree to reduce the price and turn the sale into a 99 years lease.

THANKS!

mjck1945Guest28 January 2015 06:23:29

214245

Buildings are the same as land ; above ground floor ok to acquire
Company must be 51/49 Cambodian / foreigner
The way around lease a building from a Cambodian

Michael
Solina Realty

panama88Active member28 January 2015 07:48:58

Thank you Michael! Is it easy to convince a seller to change her/his sale into a 99 years lease? Thanks

mjck1945Guest23 March 2015 06:05:53

214245

Foreigners cannot own land. But can buy floor 2 and above;
Foreigners must have arrangement with a local either in a company ownership
Or private;
Security by way of. Mortgage from partner plus a long term lease
That means it's registered ( providing it's hard title) and cannot be sold by holder of the land
One day. we might follow the Vietnamese ways hopefully

Mjk

netexpatActive member13 May 2015 15:56:22

panama88 wrote:
Thank you Michael! Is it easy to convince a seller to change her/his sale into a 99 years lease? Thanks

It is not easy. If a seller wants to sell, he/she wants the money.

netexpatActive member13 May 2015 15:57:37

panama88 wrote:
I see some good properties on sale, I wonder if the seller would agree to reduce the price and turn the sale into a 99 years lease.

Do you live in Cambodia? If so, what city do you live in?

mjck1945Guest24 June 2015 04:27:36

214245

Keep dreaming man. This is Cambodia

JanKrohnContributor24 June 2015 07:49:39

197

If the decision is important, better not trust anonymous hearsay in a public message board, but get proper consulting and do further investigation.

I've heard a few times now about foreigners who have purchased land (whether that was real purchase, or rather a concealed lease or some other sort of official workaround I don't know.)

Also consider companies like Interconti, Naga or Aeon. Their properties may be owned 51% Cambodian, I don't know that for sure either. But who in their right state of mind would hand 51% of such a spot of land including massively valuable buildings to Cambodian control? I rather suspect that these land spots are fully owned by a foreign company. If that's the case, then there's a workaround. If there's a workaround, then it might be accessible for ordinary people as well.

Conclusion: get in touch with a professional.

(Just in case you want to ask: I don't know anyone, and I can't recommend anyone...)

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