Top Tips Before Placing a Holding Deposit on a Condo
Investing in a condo can be profitable—but only if you make smart decisions upfront. Here are key points to consider before putting down a holding deposit:
1. Prioritize Location
Choose areas popular with expats and locals, ideally in central, well-connected neighborhoods. Avoid outer zones that rely on future growth—central locations hold value better and are easier to rent or resell.
2. Focus on Net Price per Square Meter
Always calculate the price based on net area (usable space), not gross area. This gives a clearer comparison between properties. In Cambodia’s young market, buying at the right price in the right location offers strong growth potential.
3. Assess Building Management
Ask who will manage the building after completion. Poor management leads to fast deterioration and falling property value. Check past projects to evaluate maintenance standards and service quality.
4. Check the Developer’s Track Record
Research the developer’s past projects, delivery history, and quality standards. For new or overseas developers, do extra due diligence before trusting their promises.
5. Work with a Trusted Property Consultant
Choose an agent with experience, good reviews, and post-sale services, especially if you live abroad. A reliable consultant ensures handover, rental, and resale support, making your investment hassle-free.
Final Thought
Buying a condo is a serious investment. Do your homework on location, pricing, management, and developer reputation, and work with the right agent to protect and grow your investment.
📞 Need expert advice? Contact us today for professional property consultation.
