In a word, yes. Foreigners have full rights of ownership over condo units, subject to the 2010 Law on the Provision of Ownership Rights, known as “the Strata Law.”
As the national elections approach in mid-2018, the real estate industry expects a significant slowdown will soon begin.
The General Department of Taxation (GDT) has issued Instruction 18410, which clarified withholding tax obligations for real state entities who sub-lease properties.
While there has been a growing demand for borey, or housing projects, in Cambodia in the past few years to supply the rising middle class, the concerns local people have are about security, infrastructure and construction quality.
With Phnom Penh exhibiting signs of saturation in the high end real estate development market, developers and investors are looking south to the coastal city of Sihanoukville.