Thinking of investing in a luxurious beachfront property in Cambodia? Sihanoukville is now a top choice for real estate. It boasts many high-end condominiums with amazing ocean views and modern features.
Time Square10 is a prime example. It’s a luxury condo by Megakim World Corp. Here, you can own a piece of Cambodia’s booming real estate scene.
Looking into Cambodia real estate? Sihanoukville condos mix luxury, comfort, and great investment chances. With more tourists and investors coming, now’s the best time to buy in this lively coastal town.
Key Takeaways
- Invest in a luxurious beachfront property in Sihanoukville.
- Explore high-end condominiums with modern amenities.
- Consider Time Square10, a prestigious condominium project.
- Benefit from Cambodia’s thriving real estate market.
- Take advantage of the growing demand for luxury condos.
The Current Property Landscape in Sihanoukville
Sihanoukville’s property scene is changing fast. This is thanks to new developments and more foreign investment. Knowing what’s happening now is key for investors.
Recent Development Boom and Market Trends
There’s been a big increase in new condos in Sihanoukville. Companies like Megakim World Corp are building top-quality homes. They’re focusing on luxury and mid-range apartments.
Now, the market is moving towards better and greener homes. This is because more international buyers want them. Here are some important numbers:
| Year | Number of Condominiums | Average Price per Square Meter |
|---|---|---|
| 2020 | 15 | $1,200 |
| 2021 | 25 | $1,500 |
| 2022 | 35 | $1,800 |
Impact of Tourism and Foreign Investment
Tourism and foreign money have really changed Sihanoukville’s property market. More tourists mean more people want to rent places.
Foreign investors have also helped the market grow. Many international developers are now here. This has made the properties better and more varied.
So, Sihanoukville’s property market is getting more complex. It offers many choices for buyers. Tourism and foreign investment will keep pushing the market forward.
Prime Locations for Buying an Apartment in Sihanoukville
Sihanoukville has many great places for buying an apartment. You can choose from different areas, each with its own charm. Whether you want to live by the beach, in the city centre, or in a new area, there’s something for everyone.
Beachfront Areas: Sokha, Ochheuteal, and Independence
Beachfront apartments in Sihanoukville are very popular. Places like Sokha, Ochheuteal, and Independence offer beautiful sea views and easy beach access. Sokha Beach is great for families because of its calm waters.
Ochheuteal Beach is lively, perfect for those who love water sports. Independence Beach is quieter, ideal for those who want to relax. These areas have lots of amenities nearby, making life better.
City Centre and Commercial Districts
The city centre and commercial areas of Sihanoukville offer a lively urban life. You’ll be near shops, restaurants, and fun spots. Plus, public transport is easy to find, making it simple to get around.
- Proximity to local markets and shopping centres
- Access to a variety of dining and entertainment options
- Well-connected to other parts of the city
Emerging Neighbourhoods with Growth Potentials
Areas like Otres Beach are gaining popularity for their growth and development. Otres Beach is known for its calm vibe and is becoming a favourite place to live. It has a relaxed feel and is close to amenities.
As Sihanoukville grows, these areas are expected to see a big increase in property value. This makes them a smart choice for investors.
Luxury Condominium Developments in Sihanoukville
The luxury condominium scene in Sihanoukville is booming. Projects here promise top comfort and style. If you’re looking for sophistication and great amenities, these developments are for you.
Blue Bay Condominium: Features, Pricing and Amenities
Blue Bay Condominium is known for its luxurious beachfront living and modern features. It offers great value for money. You’ll find state-of-the-art facilities like a swimming pool, gym, and spa.
D’Seaview: Location Advantages and Investment Value
D’Seaview is in a prime spot for unobstructed ocean views and easy access to Sihanoukville’s top spots. It’s perfect for those wanting a rental or a vacation home. Its prime location makes it a solid investment.
The Peak: Premium Facilities and Oceanfront Living
The Peak is the top choice for luxury in Sihanoukville. It boasts premium facilities and oceanfront apartments. Enjoy a life of luxury with exclusive amenities and services.
| Condominium | Key Features | Pricing |
|---|---|---|
| Blue Bay Condominium | Luxurious beachfront living, modern amenities | Competitive pricing |
| D’Seaview | Unobstructed ocean views, prime location | Investment-friendly |
| The Peak | Premium facilities, oceanfront living | Premium pricing |
These luxury condominiums in Sihanoukville cater to different tastes. Whether you’re after a holiday home, a rental, or a luxurious place to live, there’s something for everyone.
Mid-Range Apartment Options for Buyers
Buyers in Sihanoukville often look for mid-range apartments. These offer a good balance of affordability and luxury. Megakim World Corp has a variety of projects, including mid-range options that are becoming popular.
Time Square 10: New Condo Beachfront Project
Time Square 10 is a new, landmark beachfront condominium development in Sihanoukville’s Otres Beach district, set to complete in 2029. Developed by Megakim World Corporation—one of Cambodia’s most trusted names—this ambitious project features three striking towers: Ocean Diamond, Ocean Gold, and Ocean Crystal, each rising 39 stories and offering panoramic views of the coastline.
The expansive 5,629 sqm site hosts 1,300 luxury units in a mix of one to four-bedroom residences, including premium duplexes. Unit sizes range from 40 to 215 sqm, with starting prices from just $40,000, making it one of the most competitively priced seafront projects in Cambodia. All units come with spacious sea-view balconies and contemporary finishes.
Time Square 10 integrates true resort-style living. Residents will enjoy a beach club, landscaped parks, multiple swimming pools, a water park, kids’ club, and dedicated entertainment facilities. Wellness is prioritized with a sky gym, yoga spaces, lounges, and a unique 500 sqm sky park on the 31st floor. Social life reaches new heights with rooftop amenities such as an infinity pool, sky bar, VIP lounge, and private cinema.
Security and convenience are built in, with strata title ownership, professional property management, and smart home systems. A 10% downpayment secures a unit, with 20% of inventory already reserved as of July 2025.
Investment potential stands out: with prices from $1,000/sqm and Sihanoukville’s strong tourism and industrial growth, projected annual rental yields are 8–10%. Megakim World Corp’s proven track record and 85% occupancy rates in past projects bring added confidence.
Located right on Otres Beach and steps from leisure hotspots, Time Square 10 offers a unique chance to own a luxury beachfront home or investment with high upside in Cambodia’s fastest-growing coastal destination1.
Sunshine Bay: Balanced Luxury and Affordability
Sunshine Bay is a mid-range development known for luxury at a good price. It has amenities like swimming pools, gyms, and secure parking. This makes it great for families and professionals.
Prince Golden Bay: Modern Living in a Strategic Location
Prince Golden Bay is a mid-range complex with modern design and a great location. It’s near shops and beaches, making it a stylish and convenient place to live.
Seagate Suite: Family-Friendly Condominium Options
Seagate Suite provides family-friendly condos with lots of space and important amenities. It’s perfect for families moving to Sihanoukville, giving a safe and comfy home.
Mid-range apartments in Sihanoukville show a focus on quality living. They meet different needs and tastes. By picking these, buyers get a lifestyle that’s both affordable and luxurious.
Budget-Friendly Condominiums Worth Considering
If you’re looking to invest in Sihanoukville without breaking the bank, there are several condominium projects to explore. These developments offer a range of benefits. They include flexible payment plans and essential amenities, making them attractive to first-time buyers or those on a tighter budget.
Wisney Coast: Entry-Level Investment Opportunities
Wisney Coast is a notable project that provides entry-level investment opportunities. It offers affordable pricing without compromising on the quality of construction and amenities. This condominium is ideal for those looking to step into the Sihanoukville property market.
Sihanoukville One: Compact Living with Essential Amenities
Sihanoukville One is another budget-friendly option that focuses on compact living. It includes essential amenities such as a swimming pool, gym, and secure parking. These amenities enhance the living experience for residents. The project’s strategic location adds to its appeal.
Independence Boulevard Residences: Practical Urban Living
Independence Boulevard Residences offers a practical urban living experience. With its flexible payment terms, similar to Time Square10, it makes owning a condominium more accessible. The project’s location in a bustling area ensures that residents have easy access to local amenities and services.
These budget-friendly condominiums in Sihanoukville present viable options for buyers who are looking for value for money. By considering these projects, you can make an informed decision that aligns with your investment goals and budget constraints.
Step-by-Step Guide to Buying an Apartment in Sihanoukville
Buying an apartment in Sihanoukville has several key stages. From the start to the end, knowing these steps is key for a smooth deal. Being well-informed and ready is essential.
Researching Properties and Market Values
The first step is to research properties and their prices. Look at different condos, their locations, and what they offer. You can find info on websites, at sales offices, and from local agents. Knowing the market helps you make a good choice.
Megakim World Corp says being clear and efficient is important. They stress the need for good research. This ensures buyers know the market and the quality of what’s available.
| Condominium | Location | Price Range | Amenities |
|---|---|---|---|
| Blue Bay Condominium | Beachfront | $200,000 – $500,000 | Swimming pool, gym, security |
| D’Seaview | City Centre | $150,000 – $300,000 | Restaurant, bar, concierge service |
| The Peak | Emerging Neighbourhood | $100,000 – $250,000 | Garden, playground, parking |
Arranging Viewings and Property Inspections
After picking properties, arrange viewings and inspections. This lets you see the property and its area. Visit at different times to understand the area better.
“Inspecting the property personally is key. It lets you see the property’s state and the area’s feel.”
Making an Offer and Negotiation Strategies
When you find a good property, make an offer. Negotiate the price and sale terms with the seller. Knowing the market value and having a clear budget helps your negotiation.
Good negotiation involves being respectful, flexible, and informed. Experts say knowing the seller’s needs and being open can help negotiate well.
Finalising the Purchase and Documentation
The last step is to complete the purchase with the right documents. This includes signing an agreement, doing due diligence, and registering the property. Working with a local solicitor is wise to follow the law.
By following these steps and doing your homework, buying an apartment in Sihanoukville can be successful. Stay informed, be patient, and seek advice when needed.
Legal Framework for Buying Apartments in Sihanoukville
As a foreign buyer, understanding the legal side of buying an apartment in Sihanoukville is key. Cambodia has laws about foreign property ownership. Knowing these laws is important for a smooth deal.
Ownership Structures Available to Foreign Buyers
Foreigners can own apartments in Sihanoukville in different ways. One way is by buying a strata title, which lets you own a unit in a complex. You can also own through a long-term lease or a local company. But, buying a condominium with a strata title is usually the easiest way.
For more on foreign ownership laws, check out this resource.
Required Documentation and Legal Procedures
Buying an apartment in Sihanoukville means dealing with legal steps and needed documents. You’ll need a valid passport, proof of funds, and sometimes a power of attorney if you’re not in Cambodia. The seller or developer usually starts the paperwork.
But, it’s important to have a lawyer check the documents. They make sure the property’s title is correct and all taxes are paid.
Working with Solicitors and Property Agents
Working with good solicitors and property agents makes buying easier. A trusted agent can help find the right property. A solicitor will look after the legal side of things.
They help with contracts, property checks, and talking to other parties. Their help is very important in Cambodia’s legal world. It makes sure your deal goes smoothly.
Financing Your Sihanoukville Apartment Purchase
Buying an apartment in Sihanoukville means understanding your financing options. You have many ways to fund your investment.
Local Banking Options and Mortgage Availability
Local banks in Sihanoukville have mortgage products for both foreign buyers and locals. Competitive interest rates and flexible terms make them appealing. Look into ACLEDA Bank and Siam Commercial Bank for their deals.
International Financing Solutions
Foreign banks in Sihanoukville offer cross-border mortgage services. They cater to expatriates and foreign investors with good rates and terms.
Payment Plans Offered by Developers
Many developers in Sihanoukville provide flexible payment plans. For example, Time Square10 offers up to 10 years financing options. These plans help spread the cost over time, easing the financial load.
Exploring these financing options helps you make a choice that fits your budget and goals.
Managing Your Investment After Purchase
To get the most from your Sihanoukville property, you need a good management plan. This plan helps you deal with the local market and keeps your investment profitable.
Rental Management Services
Rental management is key to making more money from your Sihanoukville apartment. Companies like Megakim World Corp manage everything. They find tenants and collect rent. Their skills keep your property in top shape and filled with good tenants.
Maintenance Considerations and Costs
Keeping your property in good condition is important. Think about the costs for repairs, updates, and bills. A well-kept place attracts better tenants and gets you more rent.
| Maintenance Task | Estimated Cost | Frequency |
|---|---|---|
| General Repairs | $500-$1000 | As needed |
| Renovations | $5,000-$10,000 | Every 5-10 years |
| Utility Bills | $100-$300 | Monthly |
Tax Implications for Foreign Property Owners
As a foreign owner in Cambodia, you must know about taxes. This includes taxes on rent and capital gains tax when you sell. A local tax advisor can help you understand these rules and follow Cambodian tax laws.
By thinking about these points and using a strong management plan, you can make the most of your Sihanoukville apartment.
Conclusion: Securing Your Dream Property in Sihanoukville
Sihanoukville is becoming a hotspot for property investment. It offers a variety of luxury condominiums. You can find your dream home in this lively market by looking at places like Blue Bay, The Seagate Suite, and Star Bay. They have top-notch amenities and breathtaking views.
For a successful investment, it’s key to work with a trusted real estate agent. They should know the local market and rules well. They can help you from finding properties to closing the deal.
Buying property in Sihanoukville lets you tap into the growing rental demand and possible long-term value increase. With its stunning beaches, modern facilities, and great location, it’s a prime spot for investors and homebuyers.
Start your journey to owning your dream property in Sihanoukville’s booming real estate scene. Check out the options and begin building your investment portfolio today.
