Even though, in Cambodia, there is no laws to allow foreigners to own properties, they still can have an ownership on the properties through some following legal ways:
1- Foreigners can get married with Cambodian women. By then, they can purchase any property which will be owned by their Cambodian wives.
2- Foreigners can have a Cambodian ID card through the donation with sum of about $40,000. With the Cambodian ID card, they can easy own any property under their names.
3- Foreigners can have any trusted Cambodian friends who will help them to purchase the properties on their behalf. Thereafter, Foreigners will lease the property from their Cambodian friends and hold the title deed.
4- Foreigners can incorporate a company with a Cambodian partner (Cambodian partner 51% and Foreigners 49%). They could purchase any property by using the company's name. Then, Foreigners can simply own the property by asking their partner to issue a power of attorney letter that he/she will give all right of power in decision making to Foreigners partner.
One more tip,before purchasing any property, make sure that the title deed is ok and due diligence must be completed. And finally,their partner must be honest.