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30/11/2010 - Cambodia makes freehold foreign property ownership possible  30/11/2010 - Cambodia makes freehold foreign property ownership possible

As property prices increasingly come under pressure across Asia, the recent deregulation of ownership laws in Cambodia now make it one of the most foreigner friendly places to buy property in Southeast Asia.
The new foreign ownership laws were passed by King Norodom Sihamoni on May 24th of this year, after being passed by the National Assembly and the Senate.

The changes to the Cambodian property regulations now mean that investors are able to own property freehold provided it is above the ground floor of the building and not within thirty kilometres of the country’s borders.
Bretton Sciaroni, a legal adviser to the Cambodian government, said; “We are more open and more liberal than Thailand.”
Restrictions on foreign ownership within Southeast Asia are all too common. 
In Thailand, foreigners are able to purchase a freehold condominium as long as the total foreign ownership of the complex is not more than forty-nine percent. Foreign investors buying property in Laos or Vietnam can currently only purchase property as leasehold.

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