The sale and purchase of businesses: A new opportunity for real estate agents?

In Cambodia there are approximately 150 real estate agencies that are registered, with their agents working throughout the country concentrating solely on rentals, sales and purchases of “general property” such as condominiums, villas, apartments, borey and plots of land.

The property market continues to boom in the kingdom, however with new agencies and agents becoming established frequently, it’s only a matter of time before the market is completely saturated with real estate agents – working on the sales of the same properties and developments.

Because of this, a few agents have set their sights elsewhere and decided to work on renting and selling businesses – a niche in Cambodia’s real estate market.

South East Asia Property Services (SEAPS) is among the few agencies now working on business property. The company works on renting and selling all types of businesses and related properties such as bars, restaurants, boutique hotels and large hotels in Sihanoukville and Phnom Penh.

Cris Knowles, the Manager of SEAPS, said: “Cambodia is definitely an untapped market in the realm of business property, with great opportunities for motivated and knowledgeable buyers to turn around a fledgling business and create a strong presence in the area.”

Mr Knowles noted that enquiry and demand has jumped considerably over the past two years. They have found there is a wide range of buyers – both foreigners and Cambodian nationals.

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