Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Yes... we are absolutely interested in your $50,000 bar for sale with 3 stools and no customers.
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WildA
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by WildA »

Element6 wrote: Fri May 15, 2020 9:44 am
rogerrabbit wrote: Thu May 14, 2020 8:36 pm
If you have money to buy over half a million plot, you probably have the money to buy the passport too. Also there are other ways to own the land.
That boat has all but sailed on getting a passport now. I heard rumors of it once being $20k. in 2015 it was $60k. 2018 post elections it was said to be $100k but you needed to show a bank balance of $1M and now I am told it is all but impossible for a regular person to get (purchase)
Anybody who would even pay 20 large for a cambo passport is either Chinese, North Korean, red noticed or just plain stupid.
Naturam expelles furca, tamen usque recurret. Horace
Just because you are paranoid doesn't mean they arent out to get you. Pynchon
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by Element6 »

WildA wrote: Fri May 15, 2020 11:09 am
Anybody who would even pay 20 large for a cambo passport is either Chinese, North Korean, red noticed or just plain stupid.
Agreed if you are doing it just to be a regular citizen. However if you are doing property deals where the usual fee for a nominee is 3% of sales price you dont have to do many deals to make it pay (at old prices) for itself and to eliminate the potential fraud issues alluded to earlier.

Another reason (when it was much cheaper) would be to ensure a secure future in KOW without having to worry about future changes to requirements that could affect your right to remain.

If the government suddenly mirrored the Thai requirements there may be several people who could no longer prove their eligibility to remain, although in all honesty they probably couldnt have afforded $20k for a passport ever mind higher prices.

The final and surely most compelling reason is you get to pay the Khmer rate for your cintri garbage collection instead of the inflated foreigner one. That alone would pay for a $20k Cambodian passport in about 90 years :lol:
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by Ravensnest »

No matter what- if the pictures show the land for sale it's simply gorgeous! I wish I had the funds to invest. What would that be worth in 20 years? I believe 4x or 5x easily after the huge Chinese project is finished.
Still hunting for opium paraphernalia.
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by rogerrabbit »

WildA wrote: Fri May 15, 2020 11:09 am
Element6 wrote: Fri May 15, 2020 9:44 am
rogerrabbit wrote: Thu May 14, 2020 8:36 pm
If you have money to buy over half a million plot, you probably have the money to buy the passport too. Also there are other ways to own the land.
That boat has all but sailed on getting a passport now. I heard rumors of it once being $20k. in 2015 it was $60k. 2018 post elections it was said to be $100k but you needed to show a bank balance of $1M and now I am told it is all but impossible for a regular person to get (purchase)
Anybody who would even pay 20 large for a cambo passport is either Chinese, North Korean, red noticed or just plain stupid.
I know many westeners who have bought one. Some reasons being; they plan to stay in country for rest of their life, they own pretty big business here, and/or they have bought land for investment reasons (these guys own thousands of hectares). And I wouldn't call any of these guys stupid. And none of these guys are with empty pockets.
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by WildA »

rogerrabbit wrote: Fri May 15, 2020 4:28 pm
WildA wrote: Fri May 15, 2020 11:09 am
Element6 wrote: Fri May 15, 2020 9:44 am
rogerrabbit wrote: Thu May 14, 2020 8:36 pm
If you have money to buy over half a million plot, you probably have the money to buy the passport too. Also there are other ways to own the land.
That boat has all but sailed on getting a passport now. I heard rumors of it once being $20k. in 2015 it was $60k. 2018 post elections it was said to be $100k but you needed to show a bank balance of $1M and now I am told it is all but impossible for a regular person to get (purchase)
Anybody who would even pay 20 large for a cambo passport is either Chinese, North Korean, red noticed or just plain stupid.
I know many westeners who have bought one. Some reasons being; they plan to stay in country for rest of their life, they own pretty big business here, and/or they have bought land for investment reasons (these guys own thousands of hectares). And I wouldn't call any of these guys stupid. And none of these guys are with empty pockets.
Rich and smart until some strongman takes it away. No thanks. If I was going to invest a mill somewhere, it wouldn't be here. YMMV.
Naturam expelles furca, tamen usque recurret. Horace
Just because you are paranoid doesn't mean they arent out to get you. Pynchon
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by truffledog »

rogerrabbit wrote: Fri May 15, 2020 4:28 pm
WildA wrote: Fri May 15, 2020 11:09 am
Element6 wrote: Fri May 15, 2020 9:44 am
rogerrabbit wrote: Thu May 14, 2020 8:36 pm
If you have money to buy over half a million plot, you probably have the money to buy the passport too. Also there are other ways to own the land.
That boat has all but sailed on getting a passport now. I heard rumors of it once being $20k. in 2015 it was $60k. 2018 post elections it was said to be $100k but you needed to show a bank balance of $1M and now I am told it is all but impossible for a regular person to get (purchase)
Anybody who would even pay 20 large for a cambo passport is either Chinese, North Korean, red noticed or just plain stupid.
I know many westeners who have bought one. Some reasons being; they plan to stay in country for rest of their life, they own pretty big business here, and/or they have bought land for investment reasons (these guys own thousands of hectares). And I wouldn't call any of these guys stupid. And none of these guys are with empty pockets.
If you have good connections with the guys with the guns things are different. Having connections with the right people aka generals gives you a better investment safety as owning a land through a 20 dolla company with an rightless cambodian no name citizen on board.
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by truffledog »

Ravensnest wrote: Fri May 15, 2020 3:17 pm No matter what- if the pictures show the land for sale it's simply gorgeous! I wish I had the funds to invest. What would that be worth in 20 years? I believe 4x or 5x easily after the huge Chinese project is finished.
you get the better odds at a casino putting all on red or black
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by Dunderhead »

Thanks for the info and although be I could be wrong that workaround suggested by the OP is illegal according to the letter can of the law.
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by basta.binici »

Element6 wrote: Fri May 15, 2020 3:01 pm
WildA wrote: Fri May 15, 2020 11:09 am
Anybody who would even pay 20 large for a cambo passport is either Chinese, North Korean, red noticed or just plain stupid.
Agreed if you are doing it just to be a regular citizen. However if you are doing property deals where the usual fee for a nominee is 3% of sales price you dont have to do many deals to make it pay (at old prices) for itself and to eliminate the potential fraud issues alluded to earlier.

Another reason (when it was much cheaper) would be to ensure a secure future in KOW without having to worry about future changes to requirements that could affect your right to remain.

If the government suddenly mirrored the Thai requirements there may be several people who could no longer prove their eligibility to remain, although in all honesty they probably couldnt have afforded $20k for a passport ever mind higher prices.

The final and surely most compelling reason is you get to pay the Khmer rate for your cintri garbage collection instead of the inflated foreigner one. That alone would pay for a $20k Cambodian passport in about 90 years :lol:
Nominee fee is $100-1000 one time payment. However better is to go through the leagl way and setup a company. 100% safe. Foreign companies invest 100s of millions, even billions to Cambodia. If you don't be lazy and do everything legally, then you won't have a problem concerning safety of property. Buy hard title land in the name of your company and sign at the land department.
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by basta.binici »

Dunderhead wrote: Sat May 16, 2020 2:13 pm Thanks for the info and although be I could be wrong that workaround suggested by the OP is illegal according to the letter can of the law.
It is not a workaround, it is the legal way to own a property as stated in Cambodian law.
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