One of the most enticing real estate opportunities in Cambodia is investing in homes within Borey developments. These gated communities offer a wealth of amenities and enhanced security. While many properties are available in these communities, you must confirm the legitimacy of the Borey project before proceeding. To help you navigate this process, here’s a checklist of important legal documents to review before purchasing in a Borey:

• Developer’s Registration

  • First, check if the developer has a valid company registration. All developers must register before launching a project, so proof of registration ensures the development is legitimate. If the developer lacks this registration, seek another registered Borey project for your investment.

• Construction License

  • Next, verify the developer’s construction license. Borey projects require comprehensive planning to ensure safety and practicality. The Ministry of Land Management, Urban Planning and Construction (MLMUPC) grants this license after evaluating the project’s design. If the Borey project has an MLMUPC-approved construction license, you can move on to the next step in securing your investment.

• Borey Project’s License

  • The Borey itself also needs a license. The developer submits this registration to the Ministry of Economy and Finance, which reviews all project plans, including sales strategies. Once approved, the developer can present the Borey license to potential buyers.

• Borey’s Master Plan 

  • An essential document for obtaining the construction license is the developer’s Master Plan for the Borey project. If the developer holds the necessary registrations and licenses, they should provide an approved master plan, giving you insight into how the community will develop over time.

• Hard Title

  • Finally, confirm that the Borey project offers hard titles for its properties. Soft titles are only recognized locally, making hard titles crucial for securing your investment. Additionally, request the master title that covers the entire land of the project. If the developer cannot present these documents, it’s wise to look for a project that can, ensuring a sound financial decision.