Cambodia's condo scams and overpriced "successes"

Breaking news from Cambodia can be found here. CEO often finds Khmer news and translates it into English for our readers if it is interesting to expats, locals, Cambodians living abroad and anyone who wants to stay informed of the latest local and international news stories about Cambodia and our neighbors in South East Asia. There are many sources for Khmer news articles and they can all be found here in one place. Most of the media comes out of Phnom Penh, Siem Reap or Sihanoukville, but we cover national Cambodian news from all provinces.
OrangeDragon
Site Admin
Posts: 4193
Joined: Fri May 02, 2014 8:05 pm
Reputation: 16
United States of America

Re: Cambodia's condo scams and overpriced "successes"

Post by OrangeDragon » Tue Jul 01, 2014 8:40 am

The Add Jay wrote::popcorn:
Sailorman wrote:As in Snooky with the Japs, Singaporeans, Russians, Chinese, Vietnamese, Cambodians, etc and the mall, marinas, apartment/house complexs. Wash- launder-dry, wash-launder-dry. Oh! how the money (clean) rolls in.
IDK how expats live in snookie...its a complete wasteland. And its getting worst with the trash coming from Thailand. Where are my silver backs?
man, what part did you go to?

I love it here and it's rarely trashy in the places we go for swimming.
User avatar
The Add Jay
Expatriate
Posts: 894
Joined: Fri May 16, 2014 8:10 pm
Reputation: 4
Location: Nung river
Libya

Re: Cambodia's condo scams and overpriced "successes"

Post by The Add Jay » Tue Jul 01, 2014 9:46 am

I guess the main area?. I was there for work so I did some light recon of the area. I went a tourist 2 years ago and hated it. I just cant man...I cannot get into the snookie spirit many have.

By sohka hotel there is an abandoned massive hotel project. I know the designer. Even off the main strip many half done projects,
You're a nobody in the gutter with a Smartphone in your a hand.


Ordinem ad Imperium
OrangeDragon
Site Admin
Posts: 4193
Joined: Fri May 02, 2014 8:05 pm
Reputation: 16
United States of America

Re: Cambodia's condo scams and overpriced "successes"

Post by OrangeDragon » Tue Jul 01, 2014 10:50 am

The ones over by snooky are a joke. It's actually mostly done and some work still happening on it, but it's just a money laundering scam. The price them at insane amounts (1.3 mil for a 3 bedroom villa) and russians buy them up then "rent" them to people who aren't really there at insane amounts of money per month. Suddenly they have a ton of cash they can legitimized.

As for the "min area" I'm guessing you mean Serendipity/Ochheuteal beach... that part of Sihanoukville kind of sucks. Tourist/backpacker heaven. It's a spread out town, check out some more of it and you'd find some much more fun places to be. Personally a big fan of Otres beach.
Post Reply Previous topicNext topic
  • Similar Topics
    Replies
    Views
    Last post