For new readers, I bought a SOHO property at The Bridge, Cambodiaand I saved diligently each month in order to pay for the purchase.

After making my final payment for my SOHO apartment, I signed the tenancy lease agreement to officially allow the property developer manage the leasing of my apartment for the next 3 years. In the clause, included a free 3-month rental period for the property developer to renovate and secure a tenant for my apartment.

Last week, I finally received my first quarterly rental payment from the property developer. Woohoo!

Here’s the breakdown of the charges involved in this rental property:

  • Withholding tax: US$161.03 (10% of my rental income for the quarter)
  • Sinking fund: US$180
  • Fixed admin fees: US$50
  • Remitting bank charges: US$18 (property developer’s bank) + US$22.28 (my bank)
  • Total charges: US$431.31

After deducting the above charges, my quarterly rental works out to $1187.

That works out to around 4.42% rental yield for this property …