Real Estate in Sihanoukville, Cambodia
Last updated on Aug 10, 2024
Summary: Expats and retirees talk about real estate in Sihanoukville, Cambodia? How do you find a home in Sihanoukville? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Sihanoukville?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Sihanoukville involves several steps. First, you need to decide on the type of accommodation you want. This could be anything from a small apartment to a large villa, depending on your budget and needs. Next, you should research the different areas of Sihanoukville to determine where you would like to live. Some popular areas include Serendipity Beach, Otres Beach, and the city center. Each area has its own unique vibe and amenities, so it's important to choose one that fits your lifestyle. Once you have an idea of what you're looking for, you can start your search. There are several online platforms where you can find listings for rentals in Sihanoukville, such as Khmer24, Realestate.com.kh, and Facebook groups like "Sihanoukville Real Estate" or "Expats in Sihanoukville". You can also work with a local real estate agent. They can help you navigate the local market, arrange viewings, and negotiate contracts. Make sure to choose an agent who is reputable and has good reviews. When you find a place you're interested in, arrange a viewing. This will give you a chance to see the property in person, check its condition, and ask any questions you may have. Before signing a lease, make sure to read it carefully and understand all the terms and conditions. If possible, have a lawyer or someone fluent in Khmer and English review it to ensure there are no misunderstandings. Finally, once you've signed the lease, you'll need to pay a deposit and the first month's rent. After that, you can move into your new home in Sihanoukville," explained one person living in Sihanoukville, Cambodia.
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What is a typical expat home or apartment like in Sihanoukville?
"A typical expat home or apartment in Sihanoukville, is often a modern, fully furnished space with western-style amenities. These homes usually have one to three bedrooms, a living room, a kitchen, and one or more bathrooms. The living room is typically spacious, with comfortable seating, a television, and often a dining area. The kitchen is usually equipped with a refrigerator, a stove, and sometimes a microwave or an oven. The bedrooms are often air-conditioned, with comfortable beds and ample storage space. Bathrooms usually have a western-style toilet, a shower, and sometimes a bathtub. Some apartments may also have a balcony or a small garden area. Many expat homes are located in secure compounds or apartment buildings with 24-hour security. Some of these residences may also have shared amenities like a swimming pool, a gym, or a communal garden. The homes are often located in convenient locations, close to supermarkets, restaurants, and other amenities. Some may also be located close to the beach, offering beautiful sea views. Despite being in a developing country, these homes often offer a comfortable and modern living environment," explained one person living in Sihanoukville, Cambodia.
What is the average cost of housing in Sihanoukville?
If you are thinking about moving to Sihanoukville, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Sihanoukville can vary greatly depending on the location and type of housing. For a one-bedroom apartment in the city center, the monthly rent can be around a few hundred dollars, while outside the city center, it can be significantly less. If you're looking to buy property, the price per square meter can also vary widely, but it's not uncommon for it to be several thousand dollars in the city center. However, these prices can fluctuate due to the rapid development and increasing popularity of Sihanoukville as a tourist destination," explained one expat living in Sihanoukville, Cambodia.
Should I buy or rent a home in Sihanoukville?
If you have not spent a lot of time in Sihanoukville, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Sihanoukville, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Sihanoukville for a long period, buying a home could be a good investment. The city is developing rapidly, and property values are likely to increase over time. However, buying a home also comes with responsibilities and costs, such as maintenance, property taxes, and insurance. It also requires a significant upfront investment. If you're not ready for these commitments, or if you're unsure about your long-term plans, renting might be a better option. Renting a home in Sihanoukville offers more flexibility. It's easier to move if your circumstances change, and you won't have to worry about property maintenance or fluctuating property values. Renting can also be more affordable in the short term, as it doesn't require a large down payment. It's also important to consider the legal aspects of buying property in Cambodia. Foreigners are not allowed to own land in Cambodia, but they can own buildings or apartments from the first floor up. If you're considering buying property, it's crucial to seek legal advice to understand the laws and regulations. In conclusion, both buying and renting a home in Sihanoukville have their pros and cons. It's essential to carefully consider your financial situation, long-term plans, and the local property laws before making a decision," remarked one foreigner who made the move to Sihanoukville.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.