Phnom Penh Post:

Speaking to the press during the “Current and Future Situation of Real Estate in Cambodia” forum on Thursday, Seiha said new flat construction projects in 2030 will spring up some 20-30km away from the city centre, buoying the condo sector’s growth.

“This trend [can] further boost the rise in number of [condominium] skyscrapers in the city centre. When [new] flats move farther away from the city, the younger generation may prefer living in condos because they can be built in the city centre,” he said.

https://www.phnompenhpost.com/business/ ... d-set-grow

In short, this article says its time to invest in high rise condo now

> more than 20,000 flats are being built per year

I question if there enough people who want to live in Cambodia more importantly in PP to cause such growth... than there's the cost vs quality of the building(e.g. will they be cheap like what we see in china n collapse with in 5 years)... than there's the issues of whether or not PP infrastructure can handle n extra 20000+ people a year... this just feels like china pushing there shitty apartment block ponzi scheme on to the Cambodian people, with the edge pp having a bunch of 200+ apartments per building that filled at 20%

Strongly agree.
I thought there was a glut of those ticky tac boxes

crob wrote: ↑Fri Sep 20, 2019 10:01 am > more than 20,000 flats are being built per year

I question if there enough people who want to live in Cambodia more importantly in PP to cause such growth... than there's the cost vs quality of the building(e.g. will they be cheap like what we see in china n collapse with in 5 years)... than there's the issues of whether or not PP infrastructure can handle n extra 20000+ people a year... this just feels like china pushing there shitty apartment block ponzi scheme on to the Cambodian people, with the edge pp having a bunch of 200+ apartments per building that filled at 20%

Can't deny this is not part of the reason behind this article

The building of new condos and apartment will lead to an inevitable over supply and empty tower blocks with not enough tenants to pay the building maintence I have already seen this in Spain. Chinese money speculating on property but as other commentators have already pointed out who is going to rent and buy all these new properties?

paul.smith wrote: ↑Sun Sep 22, 2019 11:29 am The building of new condos and apartment will lead to an inevitable over supply and empty tower blocks with not enough tenants to pay the building maintence I have already seen this in Spain. Chinese money speculating on property but as other commentators have already pointed out who is going to rent and buy all these new properties?

Take a walk along riverside tonight and count how many Cambodian families have 3 or 4 kids. Everyone here is having babies, babies and more babies.
You don't need a reason, don't need money and you don't need a husband and noone says no you cannot have a baby. Cambodians maybe not very good at manafacturing things but they are good at making babies.

So there is your answer.,,, Those buildings will be empty for a while but eventually they will slowly fill up with people.

Duncan wrote: ↑Sun Sep 22, 2019 3:05 pm

paul.smith wrote: ↑Sun Sep 22, 2019 11:29 am The building of new condos and apartment will lead to an inevitable over supply and empty tower blocks with not enough tenants to pay the building maintence I have already seen this in Spain. Chinese money speculating on property but as other commentators have already pointed out who is going to rent and buy all these new properties?

Take a walk along riverside tonight and count how many Cambodian families have 3 or 4 kids. Everyone here is having babies, babies and more babies.
You don't need a reason, don't need money and you don't need a husband and noone says no you cannot have a baby. Cambodians maybe not very good at manafacturing things but they are good at making babies.

So there is your answer.,,, Those buildings will be empty for a while but eventually they will slowly fill up with people.

I have the impression o lot of those 'mid range condos' will have reached the end of their life time when the current babies need them. A lot of constructions build in Cambodia aren't build in a way to last over a 100 years like many Westerners are used to.

Adam Xie wrote: ↑Fri Sep 20, 2019 9:27 am In short, this article says its time to invest in high rise condo now

No, it doesn't. Did you actually read it? Despite the misleading headline, the article clearly focuses on the massive influx of supply, not demand.

Kammekor wrote: ↑Sun Sep 22, 2019 3:19 pm

Duncan wrote: ↑Sun Sep 22, 2019 3:05 pm

paul.smith wrote: ↑Sun Sep 22, 2019 11:29 am The building of new condos and apartment will lead to an inevitable over supply and empty tower blocks with not enough tenants to pay the building maintence I have already seen this in Spain. Chinese money speculating on property but as other commentators have already pointed out who is going to rent and buy all these new properties?

Take a walk along riverside tonight and count how many Cambodian families have 3 or 4 kids. Everyone here is having babies, babies and more babies.
You don't need a reason, don't need money and you don't need a husband and noone says no you cannot have a baby. Cambodians maybe not very good at manafacturing things but they are good at making babies.

So there is your answer.,,, Those buildings will be empty for a while but eventually they will slowly fill up with people.

I have the impression o lot of those 'mid range condos' will have reached the end of their life time when the current babies need them. A lot of constructions build in Cambodia aren't build in a way to last over a 100 years like many Westerners are used to.

I hear this "not build to last" a lot but very little to back up this rumour. I guess the forum is full of construction engineers and such. Yes, some are not build to last but still many are build as good or even better than in many western countries these days.

Built to last ?

When I compare my house in OZ to the ones here.
Hollow doors with two hinges compare to solid timber doors with three hinges.
Untreated pine frame covered with jib and paint
compared to solid brick covered with tiles.
Ceiling hight of 2.4 m compared to 3m and 4 m.

I think I know which one is build to last without going in to the value of each one.