Types of Cambodian Property Titles: Strata Title

Strata Title

• Strata Title is a special title commonly used for condo unit purchases which is available to both Cambodian nationals and Foreign nationals.
• There are other mechanisms not necessarily involving a Strata Title available for property ownership for Foreign nationals which you can see in our investment guide.
• Strata Titles can only be granted if the property in question satisfies these criteria:
  • Only applicable to buildings constructed in 2010 and beyond
  • Foreigners can only own 70% of the total surface area of the building or property
  • Strata Titles cannot be issued for properties on the ground floor and/or underground
  • Strata Titles cannot be issued for any property within 30km of the nearest land border
• Private Ownership in co-owned buildings (also known as Strata Title) is the most recent form of ownership and allows foreigners to legally own property in Cambodia.
• Strata Title is a less common Cambodia land title, but the numbers are growing fast.
• Most new condo development projects offer this type of title to accommodate foreign demand to own property in Cambodia.
• The Law on Foreign Ownership’ was promulgated on 24 May 2010. This law limits foreign ownership to co-owned buildings. Foreigners still cannot own land, as it is unconstitutional.
• Co-owned buildings are defined as a building or construction in which several owners reside (eg. a condo complex or office tower), consisting of some parts that are the exclusive ownership of each co-owner (private units) and some other parts that are common spaces for the common use of co-owners (common areas).
• Strata Titles are issued by the Ministry of Land Management, Urban Planning and Construction. Which means Strata Titles are recognized on a national level.
• A Transfer tax of 4% percent will be paid based on the total property value upon the facilitation of the Strata Title transfer.