Real Estate in Koh Rong, Cambodia
Last updated on Dec 04, 2024
Summary: Expats and retirees talk about real estate in Koh Rong, Cambodia? How do you find a home in Koh Rong? Should you buy or rent? What is the cost of housing?
What is a typical expat home or apartment like in Koh Rong?
"A typical expat home or apartment in Koh Rong, is often a blend of traditional Khmer architecture and modern amenities. These homes are usually built with local materials such as wood and bamboo, with high ceilings and large windows to allow for natural ventilation. The interiors are often spacious and open, with a living area, a kitchen, one or more bedrooms, and a bathroom. Some homes may also have a balcony or a terrace with views of the surrounding tropical landscape. The kitchen is usually equipped with basic appliances, and the bathroom often has a Western-style toilet and shower. The homes are typically furnished with a mix of traditional Khmer and contemporary furniture. Some expat homes may also have air conditioning, although this is not always necessary due to the island's mild climate. Despite being in a remote location, many homes also have internet access. The homes are often located within walking distance of the beach, and are surrounded by lush gardens and palm trees," said one expat who made the move to Koh Rong.
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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Koh Rong?
If you are thinking about moving to Koh Rong, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Koh Rong can vary greatly depending on the type of accommodation. For a basic bungalow or guesthouse room, one might expect to pay around $10 to $20 per night. Mid-range hotels or resorts can cost anywhere from $50 to $100 per night. Luxury accommodations can cost upwards of $200 per night. For long-term rentals, a basic house or apartment can cost around $200 to $500 per month. However, these prices can fluctuate based on factors such as location, amenities, and the time of year," said one person in Koh Rong.
Should I buy or rent a home in Koh Rong?
If you have not spent a lot of time in Koh Rong, 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 Koh Rong, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Koh Rong for a long period, buying a home could be a good investment. Owning a property allows you to have full control over your living space, and you can potentially earn from it if property values increase over time. On the other hand, renting a home in Koh Rong offers more flexibility. It's a good option if you're not sure how long you'll be staying or if you prefer not to have the responsibilities that come with homeownership. Renting can also be more affordable in the short term, as it doesn't require a large upfront payment. It's also important to consider the local real estate market and legalities. In Cambodia, foreign ownership of property is restricted. Foreigners can't own land, but they can own buildings or apartments from the first floor up, provided the total foreign ownership in any one building doesn't exceed 70%. Before making a decision, it's advisable to seek advice from real estate professionals and legal experts familiar with the Cambodian property market. They can provide valuable insights into the pros and cons of buying versus renting in Koh Rong, as well as guide you through the process," explained one person living in Koh Rong, Cambodia.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad 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.
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