Chinese investments

Kammekor · Post by **Kammekor** » Wed Jun 05, 2019 5:33 pm

cptrelentless wrote: ↑Wed Jun 05, 2019 5:06 pm They bring suitcases full of money over to invest. Sadly someone's cracked down on that wheeze so it'll be interesting to see either the alternative or the collapse. As there's always the possibility the government will suddenly frown on your corruption in China and take everything off you you want to bring that money somewhere they don't ask many questions. China severely restricts the amount of actual cash you can export so you bring a bag full of money here and buy up some land via corporations or buying citizenship/a trustworthy intermediate. Whether anyone actually rents is something you just wait to happen. Considered a better gamble than being purged even if it sounds like a risky deal.

They bring suitcases full of money, buy a Cambodian passport, and start investing.

Actually in theory it's quite risky, because a double passport is not allowed for Chinese. So these people are excellent gamblers, or the Chinese government puts a blind eye to it.

Bitte_Kein_Lexus · Post by **Bitte_Kein_Lexus** » Wed Jun 05, 2019 7:51 pm

There are several good videos that explain the whole reasons behind the building of such monstrosities in China. A lot of it has to do with state corporations, unrestrictive zoning and so on. It's the mother of all bubbles waiting to happen, but people are riding it while they can.

Bibi · Post by **Bibi** » Thu Jun 06, 2019 6:28 am

China is drastically restricting the usage of cash money by moving very fast to (mandatory) digital payment. The Chinese authorities want to fully control their population and put an end to corruption.

So, when you have huge amount of cash under your mattress, what are your options? Cambodia is one of the very last paradise in Asia with almost no control on cash.

Nixon · Post by **Nixon** » Thu Jun 06, 2019 12:15 pm

This article was written back in 2015 and since then I’m pretty sure a great number of similar developments have been completed.

https://www.theguardian.com/cities/2015 ... ac-capital

Empty buildings - good business.....?

rogerrabbit · Post by **rogerrabbit** » Sun Jun 09, 2019 1:37 am

Nixon wrote: ↑Thu Jun 06, 2019 12:15 pm This article was written back in 2015 and since then I’m pretty sure a great number of similar developments have been completed.

https://www.theguardian.com/cities/2015 ... ac-capital

Empty buildings - good business.....?

There have been few similar developments completed after that article. But same time Vattanac's occupancy rate has increased to over 70% and neighbour Exchange Square's occupancy is over 80%.

Nixon · Post by **Nixon** » Mon Jun 10, 2019 8:16 pm

rogerrabbit wrote: ↑Sun Jun 09, 2019 1:37 am There have been few similar developments completed after that article. But same time Vattanac's occupancy rate has increased to over 70% and neighbour Exchange Square's occupancy is over 80%.

Ok, of course I had no idea, but it was also the reason for starting the thread. I talked to a few real estate agents who said everything is taken and if i need an apartment I better put down the deposit immediately.. However, I do suspect that this is called sales talk

whatwat · Post by **whatwat** » Tue Jun 11, 2019 11:33 am

Bitte_Kein_Lexus wrote:There are several good videos that explain the whole reasons behind the building of such monstrosities in China. A lot of it has to do with state corporations, unrestrictive zoning and so on. It's the mother of all bubbles waiting to happen, but people are riding it while they can.

Not sure I’d agree.
People (westerners) seem to have trouble grasping the amount of people China has.
In 20 years they have taken 80 million out of poverty (whatever that means in context).
80 million!

That’s 80 million who have disposable incomes and contribute to the economy.
80 million who want housing and will pay.

There’s lots of talk of ghost cities but they get filled up pretty quick.
(There’s a YT video of one from 10 years ago and the guy goes back and it’s a bustling city. He states he was wrong and misunderstood the economy of China)

Sent from my iPhone using Tapatalk

armchairlawyer · Post by **armchairlawyer** » Tue Jun 11, 2019 11:52 am

This is an interesting watch,
https://www.aljazeera.com/programmes/10 ... 05227.html

armchairlawyer · Post by **armchairlawyer** » Tue Jun 11, 2019 5:49 pm

Also this one,
https://www.cnbc.com/video/2019/06/11/i ... -says.html

Nixon · Post by **Nixon** » Sat Jun 15, 2019 12:36 pm

armchairlawyer wrote: ↑Tue Jun 11, 2019 11:52 am This is an interesting watch,
https://www.aljazeera.com/programmes/10 ... 05227.html

A very interesting video. It makes the Chinese investments in Cambodia even more questionable..

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