Condo for Sale in Siem Reap

Find an amazing condo for sale in Siem Reap

If you are seeking desirable Cambodia real estate for sale away from the capital Phnom Penh then it is likely that you will consider Siem Reap, the home of the country’s strong tourism sector.

Condos are a relatively new concept in Cambodia, only introduced in 2009. Their popularity is in part due to foreigners or expats legally only being able to buy a condo in Cambodia. Foreigners can buy a condo in a property built since 2009, but only where the building has been legally registered as a strata property. You should ensure this is the case while seeking a condo for sale in Siem Reap.

Why Buy a Siem Reap Condo?

Siem Reap offers great market opportunities. Close to the incomparable temples of Angkor and centre of the country’s tourism sector, the flow of tourists to visit this unmissable site is guaranteed for years to come.

Although there are less condos and apartments for sale in Siem Reap than in Phnom Penh, they still come in a wide range of quality and styles.

Typically they are classified as high-end, mid-tier and affordable, based on various criteria including location, price, facilities, design, build quality, accessibility and exclusivity. Around two thirds are mid-tier and one-third are high-end.

Most are sold off-plan but re-sale units can also be purchased

Off-plan Condo for Sale in Siem Reap

Buying off-plan allows you a choice of units and often an option of furniture and fittings. Purchasers can benefit from attractive financing options with condos in Siem Reap available from as little as $200 per month with either no or minimal down payment.

Naturally, when purchasing an off-plan condo in Siem Reap you have to wait until it is completed before moving in. Make sure you carry out due diligence to purchase a condo from a reputable developer with a good track record, especially as common areas can fall into disrepair due to lack of maintenance.

Resale Condo for Sale in Siem Reap

Alternatively, you could consider purchasing a resale condo in Siem Reap. A clear advantage is you can see the completed condo, and check the level of maintenance and how the fittings have fared. Also as you will not have to wait for the condo to be completed, your risk is minimised and you can move in straightaway.

Naturally, there are downsides. You have to pay the full fee upfront, which might necessitate bank financing, and you will be limited in your choice of condo to what is available on the market.

Condo for Sale in Siem Reap Cambodia

Although not as widespread as the quantity of condos for sale in Phnom Penh, there are a number of prestigious condo developments in Siem Reap.

Rose Apple Square is probably the premier condo development in Siem Reap. With a great location in the heart of the city close to bustling Pub Street, Rose Apple Square is a development by Urban Living Solutions, who also developed Bakong Village borey in Siem Reap, as well as Urban Village, Urban Loft and Odom in Phnom Penh. Naturally given its quality prices are high with rates comparable to Phnom Penh, but this also represents a great investment return.

Other Siem Reap condo for sale include The Sky Park, located on National Road 6 on the route to the international airport. Rates here are competitive at around half that of Rose Apple Square.

A third option is Angkor Grace Residence, which also has the advantage of offering a leaseback option where they manage your condo just like with a hotel, and give a guaranteed return.