Updated on: June 6, 2022, 5:06 p.m.
Published on: June 22, 2016, 9:06 a.m.
Foreign ownership laws strengthened in Phnom Penh
As a result of the Ministry of Land Management, Urban Planning and Construction’s (MLMUPC) decision to enforce long-standing soft title ownership regulations, all khans (districts) of Phnom Penh will stop allowing the processing of titles under a foreigner's name.
Previously, many khans such as Daun Penh have openly allowed foreigners to take possession of soft tiles on landed properties, despite it being a contradiction to the 2010 law on providing foreigners with ownership rights in private units of co-owned buildings.
Desmond Yap, managing director of Yong Yap Properties, an expat-focused agency based in the Daun Penh/Riverside area, says, “As we understand now, throughout Phnom Penh, foreigners can only own condominiums as stipulated in the 2010 Foreign Ownership Law (the Strata Law). The purchase of townhouse flats can only be done through a nominee or company structure.”
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