cptrelentless wrote: ↑Sat May 13, 2017 4:02 pm I think that Taiwanese one on Independence is the one you saw, out of all of them it looks like it might actually get finished. Check back next year sometime

Cruisemonkey wrote: ↑Sat May 13, 2017 4:23 pm

cptrelentless wrote: ↑Sat May 13, 2017 4:02 pm I think that Taiwanese one on Independence is the one you saw, out of all of them it looks like it might actually get finished. Check back next year sometime

This is what I was looking at (thinking of an A-04, A-05 or A-06 unit) -
http://www.sihanoukvilleproperty.com/view-property-922

Bitte_Kein_Lexus wrote: ↑Sat May 13, 2017 1:57 pm I don't think your comparison is fair Luigi. Housing typically APPRECIATES. I don't get the whole thing of "for every one that makes a profit, another 10 lose"... WTF? As Duncan says, housing has been increasing steadily over the past twenty years... EVERYONE has made money (though in any rising market, after you sell everything else is pricier than it was, of course). As Duncan pointed out, making money is not the exception, it's the rule. How do you think 90% of Khmers invest?

The house I have in the countryside I reckon I could get 1.5 the price I paid if I needed QUICK cash. If I waited out a bit, I could easily double. I built it around 3 years ago... The shophouse I sold two years ago I ended up flush (well, I did make some profit, but nothing insane). I had bought it for $26 000 around 6-8 years ago and sold it for $43 000 minus commission, sangkat etc. At the time I was in desperate need of cash and going through tumultuous times. After I'd sold it (person to person) two of the agencies who had agreed to list it balked when I told them how much I'd sold it for, saying they could have gotten me a lot more had I given them the time and I didn't doubt them. I knew that if I had waited a few months I could have likely gotten 50k+ but I was in a hurry... Oh well. It was a rental so I made some cash of renting it for 5 years or so, plus a bit of appreciation. If I were to sell the current place I live in, I would probably get 1.5X my costs (including the renovations I did). Maybe a bit more if I took my time. I've had this place for roughly 4 years I think, so I've saved something like $12-16 000 in rent on top if it... I remember seeing shophouses by Psah Touyt for $36 000 around 7 years ago. They probably wouldn't sell under $80 000 now. I've never sold a motorbike for MORE than I'd bought it for. Scooters hold their value ok (lose about $100-200 in a weird elliptical curve). All the bigger bikes I've owned I've had to sell at GREAT loss. As in losing 30-40%+. Only one was I able to sell for what I'd bought i for (but I had done a lot of work to it).

Granted, Sihanoukville is quite different and I don't know the market. Phuket posted on the forum a link to someone selling two small houses there by a dirt road for $600 000... I think prices are really inflated in Sihanoukville. Few amenities and services, but there's a premium because the ocean is nearby. I don't get it personally as I hate the place. Plus, rents are very cheap in Sihanoukville. You can get a whole house for very little, and prices are generally low compared to the purchasing price (% wise). And again, I think the important thing is that he's new here and has never lived here full-time. Also, the condo market has exploded so it's all a bit of an unknown at the moment. Might be a good time to get some deals before the election though, but best to wait until late 2018 or so when the OP has a better idea of what he wants to do. I do urge caution and not to buy in December 2018, especially since the guy is retiring I would want a nice and safe place for my cash.

Bitte_Kein_Lexus wrote: ↑Sun May 14, 2017 8:05 pm Jesus Christ, what are you talking about? We're in Cambodia, not England.

obelisks wrote: ↑Sun May 14, 2017 7:54 pm

Bitte_Kein_Lexus wrote: ↑Sat May 13, 2017 1:57 pm I don't think your comparison is fair Luigi. Housing typically APPRECIATES. I don't get the whole thing of "for every one that makes a profit, another 10 lose"... WTF? As Duncan says, housing has been increasing steadily over the past twenty years... EVERYONE has made money (though in any rising market, after you sell everything else is pricier than it was, of course). As Duncan pointed out, making money is not the exception, it's the rule. How do you think 90% of Khmers invest?

The house I have in the countryside I reckon I could get 1.5 the price I paid if I needed QUICK cash. If I waited out a bit, I could easily double. I built it around 3 years ago... The shophouse I sold two years ago I ended up flush (well, I did make some profit, but nothing insane). I had bought it for $26 000 around 6-8 years ago and sold it for $43 000 minus commission, sangkat etc. At the time I was in desperate need of cash and going through tumultuous times. After I'd sold it (person to person) two of the agencies who had agreed to list it balked when I told them how much I'd sold it for, saying they could have gotten me a lot more had I given them the time and I didn't doubt them. I knew that if I had waited a few months I could have likely gotten 50k+ but I was in a hurry... Oh well. It was a rental so I made some cash of renting it for 5 years or so, plus a bit of appreciation. If I were to sell the current place I live in, I would probably get 1.5X my costs (including the renovations I did). Maybe a bit more if I took my time. I've had this place for roughly 4 years I think, so I've saved something like $12-16 000 in rent on top if it... I remember seeing shophouses by Psah Touyt for $36 000 around 7 years ago. They probably wouldn't sell under $80 000 now. I've never sold a motorbike for MORE than I'd bought it for. Scooters hold their value ok (lose about $100-200 in a weird elliptical curve). All the bigger bikes I've owned I've had to sell at GREAT loss. As in losing 30-40%+. Only one was I able to sell for what I'd bought i for (but I had done a lot of work to it).

Granted, Sihanoukville is quite different and I don't know the market. Phuket posted on the forum a link to someone selling two small houses there by a dirt road for $600 000... I think prices are really inflated in Sihanoukville. Few amenities and services, but there's a premium because the ocean is nearby. I don't get it personally as I hate the place. Plus, rents are very cheap in Sihanoukville. You can get a whole house for very little, and prices are generally low compared to the purchasing price (% wise). And again, I think the important thing is that he's new here and has never lived here full-time. Also, the condo market has exploded so it's all a bit of an unknown at the moment. Might be a good time to get some deals before the election though, but best to wait until late 2018 or so when the OP has a better idea of what he wants to do. I do urge caution and not to buy in December 2018, especially since the guy is retiring I would want a nice and safe place for my cash.

" I don't get the whole thing of "for every one that makes a profit, another 10 lose"... WTF?"

you must be an estate agent to talk like that apparently without any real knowledge of how technology is replacing human labour at a very rapid rate.
and I don't get how you imagine property will keep appreciating when there hasn't been any meaningful budge in salaries and wages for years and there is not likely to be in the future either.. how long can that situation last? Just because property prices increased in the past with central banks printing money to flood the world with fiat currency it doesn'tmean those conditions can prevail in the future?
as more and more pension funds around the world are facing bankruptcy and employment prospects for the next generation look nothing short of bleak who exactly is going to be able to afford to keep bidding up property prices?

Duncan wrote: ↑Sat May 13, 2017 7:33 pm

Cruisemonkey wrote: ↑Sat May 13, 2017 4:23 pm

cptrelentless wrote: ↑Sat May 13, 2017 4:02 pm I think that Taiwanese one on Independence is the one you saw, out of all of them it looks like it might actually get finished. Check back next year sometime

This is what I was looking at (thinking of an A-04, A-05 or A-06 unit) -
http://www.sihanoukvilleproperty.com/view-property-922

Your too late,,, Ask the agent and they will tell you , they are all sold. The only ones that are still available are the small ones with no view. This will be the standed answer where ever you go cause that's the way agents work,,,, by selling the ones no-one wants first. The ones with the view will command a even better price when everything else is sold.

rogerrabbit wrote: ↑Sun May 14, 2017 10:22 pm

obelisks wrote: ↑Sun May 14, 2017 7:54 pm

Bitte_Kein_Lexus wrote: ↑Sat May 13, 2017 1:57 pm I don't think your comparison is fair Luigi. Housing typically APPRECIATES. I don't get the whole thing of "for every one that makes a profit, another 10 lose"... WTF? As Duncan says, housing has been increasing steadily over the past twenty years... EVERYONE has made money (though in any rising market, after you sell everything else is pricier than it was, of course). As Duncan pointed out, making money is not the exception, it's the rule. How do you think 90% of Khmers invest?

The house I have in the countryside I reckon I could get 1.5 the price I paid if I needed QUICK cash. If I waited out a bit, I could easily double. I built it around 3 years ago... The shophouse I sold two years ago I ended up flush (well, I did make some profit, but nothing insane). I had bought it for $26 000 around 6-8 years ago and sold it for $43 000 minus commission, sangkat etc. At the time I was in desperate need of cash and going through tumultuous times. After I'd sold it (person to person) two of the agencies who had agreed to list it balked when I told them how much I'd sold it for, saying they could have gotten me a lot more had I given them the time and I didn't doubt them. I knew that if I had waited a few months I could have likely gotten 50k+ but I was in a hurry... Oh well. It was a rental so I made some cash of renting it for 5 years or so, plus a bit of appreciation. If I were to sell the current place I live in, I would probably get 1.5X my costs (including the renovations I did). Maybe a bit more if I took my time. I've had this place for roughly 4 years I think, so I've saved something like $12-16 000 in rent on top if it... I remember seeing shophouses by Psah Touyt for $36 000 around 7 years ago. They probably wouldn't sell under $80 000 now. I've never sold a motorbike for MORE than I'd bought it for. Scooters hold their value ok (lose about $100-200 in a weird elliptical curve). All the bigger bikes I've owned I've had to sell at GREAT loss. As in losing 30-40%+. Only one was I able to sell for what I'd bought i for (but I had done a lot of work to it).

Granted, Sihanoukville is quite different and I don't know the market. Phuket posted on the forum a link to someone selling two small houses there by a dirt road for $600 000... I think prices are really inflated in Sihanoukville. Few amenities and services, but there's a premium because the ocean is nearby. I don't get it personally as I hate the place. Plus, rents are very cheap in Sihanoukville. You can get a whole house for very little, and prices are generally low compared to the purchasing price (% wise). And again, I think the important thing is that he's new here and has never lived here full-time. Also, the condo market has exploded so it's all a bit of an unknown at the moment. Might be a good time to get some deals before the election though, but best to wait until late 2018 or so when the OP has a better idea of what he wants to do. I do urge caution and not to buy in December 2018, especially since the guy is retiring I would want a nice and safe place for my cash.

" I don't get the whole thing of "for every one that makes a profit, another 10 lose"... WTF?"

you must be an estate agent to talk like that apparently without any real knowledge of how technology is replacing human labour at a very rapid rate.
and I don't get how you imagine property will keep appreciating when there hasn't been any meaningful budge in salaries and wages for years and there is not likely to be in the future either.. how long can that situation last? Just because property prices increased in the past with central banks printing money to flood the world with fiat currency it doesn'tmean those conditions can prevail in the future?
as more and more pension funds around the world are facing bankruptcy and employment prospects for the next generation look nothing short of bleak who exactly is going to be able to afford to keep bidding up property prices?

Saying salaries haven't raised is not correct. I know multiple young khmers with uni degrees who are working in PP and whose salaries has well over doubled or even tripled in last four years. They are the future middle class and they are "only landed property is the one to buy" generation anymore either.