Sihanoukville and Cambodian coast for sale: 10 years ago

Duncan · Post by **Duncan** » Sat Dec 02, 2017 7:17 am

angkorjohn wrote: ↑Sat Dec 02, 2017 6:58 am
Duncan wrote: ↑Fri Dec 01, 2017 7:16 pm Hardly recognizable . Not sure but maybe I took it in 2005

thanks for the photos Duncan, brings back some memories - can I ask this picture is serendipity beach road?

Don't know the name of the road , but they are all of the road that goes from the top of the hill, down to the new boat pier at Occateal beach [ north end ]

one_dolla · Post by **one_dolla** » Sat Dec 02, 2017 11:59 am

Duncan wrote: ↑Sat Dec 02, 2017 7:17 am
angkorjohn wrote: ↑Sat Dec 02, 2017 6:58 am
Duncan wrote: ↑Fri Dec 01, 2017 7:16 pm Hardly recognizable . Not sure but maybe I took it in 2005

thanks for the photos Duncan, brings back some memories - can I ask this picture is serendipity beach road?

Don't know the name of the road , but they are all of the road that goes from the top of the hill, down to the new boat pier at Occateal beach [ north end ]

I took this picture on 6th March 2010 at 4.30pm with a point and shoot camera Serendipity road it is. Taken with a little Sony point and shoot but edited much later to give that too blue for real life sky colour

Now in 2011, 23rd October it was getting developed

Abc123 · Post by **Abc123** » Sat Dec 02, 2017 1:36 pm

Great photos Duncan. Any more from the early naughties?

Or Otres in 2010 .
I knew you couldn't own land in your own name, but you didn't really answer the soft title/ any problems question. :stir:

willyhilly · Post by **willyhilly** » Sun Dec 03, 2017 4:15 am

I miss the rocky road. Has the land on the high side of the road been developed yet. It was like an old subdivision with a concrete road winding around amongst the blocks of land.
They used to say ownership was disputed, the old story.

Kammekor · Post by **Kammekor** » Sun Dec 03, 2017 7:31 am

Bitte_Kein_Lexus wrote: ↑Fri Dec 01, 2017 7:19 pm That Rattanakiri land doesn't exactly look like good value, especially for 08.

These days land in the heart of Ban Lung town sells for 10-20k per meter. That land is 50 x 60, so the 2008 price of 90k is a bargain compared to the current price. For those familiar with Ratanakiri, I just talked to the guy renting the plot close to the roundabout with the Virak Buntam office and the coffeeshop / mini market on it. It's a 20 x 30 piece of land with a price tag of 400k USD. That's pretty steep for a 600 square meters piece in what's basically a remote place in a remote country... Just makes me wonder how you're ever going to make a profitable (legal) business if you need to buy the land at those prices.

But anything that goes up over 300% in 9 years time, while inflation is about 5%, is simply a bubble. The question is not if it bursts, just when.

Duncan · Post by **Duncan** » Sun Dec 03, 2017 7:56 am

Kammekor wrote: ↑Sun Dec 03, 2017 7:31 am
Bitte_Kein_Lexus wrote: ↑Fri Dec 01, 2017 7:19 pm That Rattanakiri land doesn't exactly look like good value, especially for 08.
These days land in the heart of Ban Lung town sells for 10-20k per meter. That land is 50 x 60, so the 2008 price of 90k is a bargain compared to the current price. For those familiar with Ratanakiri, I just talked to the guy renting the plot close to the roundabout with the Virak Buntam office and the coffeeshop / mini market on it. It's a 20 x 30 piece of land with a price tag of 400k USD. That's pretty steep for a 600 square meters piece in what's basically a remote place in a remote country... Just makes me wonder how you're ever going to make a profitable (legal) business if you need to buy the land at those prices.

But anything that goes up over 300% in 9 years time, while inflation is about 5%, is simply a bubble. The question is not if it bursts, just when.

The one big thing that makes the difference between here and our countries is the land tax or rates.This makes property in our country a ongoing burden every year and even more so if you dont pay it. Here, although there is now a '' tax '' on it, no-one collects it because a lack of a proper system and punishment if not paid. They only catch up with you when you go to sell the property, and then the amount is probably negotiable . If it is ever sold

offroadscholar · Post by **offroadscholar** » Sun Dec 03, 2017 8:00 am

John Bingham wrote: ↑Fri Dec 01, 2017 7:23 pm
Guardian wrote:Almost half of Cambodia has been sold to foreign speculators in the past 18 months
That was bullshit anyway, with no figures to back it up. The ELCs are 99 year leases, which they later mention in the article. Many have been revoked and they never covered half the country. A whole lot are owned by local tycoons too, not foreign speculators. Not that I believe that it was in the country's best interest to grant all of these concessions, but I'd rather more accurate reports.

Kayve wrote: ↑Fri Dec 01, 2017 4:09 pm Holy cow, it was just after the crisis !

It was but as far as I remember the crisis didn't have much effect on property prices here.

There was a mini-boom in land prices post 2003 election and leading up to the GFC, but totally dwarfed by whats happening now.

Barang_doa_slae · Post by **Barang_doa_slae** » Sun Dec 03, 2017 9:11 am

John Bingham wrote: ↑Fri Dec 01, 2017 7:23 pm
Guardian wrote:Almost half of Cambodia has been sold to foreign speculators in the past 18 months
That was bullshit anyway, with no figures to back it up. The ELCs are 99 year leases, which they later mention in the article. Many have been revoked and they never covered half the country. A whole lot are owned by local tycoons too, not foreign speculators. Not that I believe that it was in the country's best interest to grant all of these concessions, but I'd rather more accurate reports.

Kayve wrote: ↑Fri Dec 01, 2017 4:09 pm Holy cow, it was just after the crisis !

It was but as far as I remember the crisis didn't have much effect on property prices here.

Overvalued property prices stabilized and demand for big lands on the sea froze for about 5 years before skyrocketing to the present new overvalued levels.
I stopped trying to make any sense of property prices but drew two solid conclusions:
1/ In KH monopoly is played with real $ bills.
2/ Cambodians might be the luckiest monopoly players ever.

one_dolla · Post by **one_dolla** » Sun Dec 03, 2017 12:09 pm

Abc123 wrote: ↑Sat Dec 02, 2017 1:36 pm Great photos Duncan. Any more from the early naughties?
Or Otres in 2010 .
I knew you couldn't own land in your own name, but you didn't really answer the soft title/ any problems question.

Feb 2011, the road and the far end now called Otres 2

Kammekor · Post by **Kammekor** » Sun Dec 03, 2017 4:51 pm

Duncan wrote: ↑Sun Dec 03, 2017 7:56 am
Kammekor wrote: ↑Sun Dec 03, 2017 7:31 am
Bitte_Kein_Lexus wrote: ↑Fri Dec 01, 2017 7:19 pm That Rattanakiri land doesn't exactly look like good value, especially for 08.
These days land in the heart of Ban Lung town sells for 10-20k per meter. That land is 50 x 60, so the 2008 price of 90k is a bargain compared to the current price. For those familiar with Ratanakiri, I just talked to the guy renting the plot close to the roundabout with the Virak Buntam office and the coffeeshop / mini market on it. It's a 20 x 30 piece of land with a price tag of 400k USD. That's pretty steep for a 600 square meters piece in what's basically a remote place in a remote country... Just makes me wonder how you're ever going to make a profitable (legal) business if you need to buy the land at those prices.

But anything that goes up over 300% in 9 years time, while inflation is about 5%, is simply a bubble. The question is not if it bursts, just when.

The one big thing that makes the difference between here and our countries is the land tax or rates.This makes property in our country a ongoing burden every year and even more so if you dont pay it. Here, although there is now a '' tax '' on it, no-one collects it because a lack of a proper system and punishment if not paid. They only catch up with you when you go to sell the property, and then the amount is probably negotiable . If it is ever sold

With large areas, especially the denser populated areas, getting hard titles pretty quickly that will change pretty soon I believe, and in a normal functioning market you would expect the market to start pricing that in. But nothing like that seems to happen. Even in Ban Lung nearly all plots have been measured and hard titles are being given out, or will be given out soon, and that's a pretty remote area of Cambodia. Taxing will be the next logical step and I see no reason why the government would not start implementing it after the 2018 elections.

The problem is most Cambodians believe the only way is up, the sky is not the limit, and land prices can never come down. Time will tell if they're right.

Sihanoukville and Cambodian coast for sale: 10 years ago

Re: Sihanoukville and Cambodian coast for sale: 10 years ago

Re: Sihanoukville and Cambodian coast for sale: 10 years ago

Re: Sihanoukville and Cambodian coast for sale: 10 years ago

Re: Sihanoukville and Cambodian coast for sale: 10 years ago

Re: Sihanoukville and Cambodian coast for sale: 10 years ago

Re: Sihanoukville and Cambodian coast for sale: 10 years ago

Re: Sihanoukville and Cambodian coast for sale: 10 years ago

Re: Sihanoukville and Cambodian coast for sale: 10 years ago

Re: Sihanoukville and Cambodian coast for sale: 10 years ago

Re: Sihanoukville and Cambodian coast for sale: 10 years ago

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