Cambodia is the Cheapest place to retire...

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.
User avatar
whiteribbon
Expatriate
Posts: 593
Joined: Fri Sep 08, 2017 3:45 pm
Reputation: 218
Contact:
Cambodia

Cambodia is the Cheapest place to retire...

Post by whiteribbon » Tue Feb 05, 2019 8:50 pm

Image
A single person can retire comfortably on about $1,250 a month...
https://www.cnbc.com/2019/02/01/cambodi ... her-4.html
just noise, white noise
pczz
Expatriate
Posts: 1982
Joined: Sun Mar 22, 2015 1:00 pm
Reputation: 337
Location: phnom penh
Great Britain

Re: Cambodia is the Cheapest place to retire...

Post by pczz » Tue Feb 05, 2019 8:55 pm

My friedn just bought 3 apartment building in greece, 1 mile from the beach in a nice village location for EUR30,000 (plus (EUR20,000 legal fees and taxes)
beer is Euro1 a bottle, local moonshine considerably less. Decent cafe meal about EUR5, marlborogh Eur4 a pcaket. Cambodia is not cheap anymore. Rental inflatio is insane, and so is western food. I think if you do not feel the ned to chase women its probably as cheap in part of europe as Cambodia.
xandreu
Expatriate
Posts: 160
Joined: Mon Jun 05, 2017 11:37 am
Reputation: 89
Great Britain

Re: Cambodia is the Cheapest place to retire...

Post by xandreu » Tue Feb 05, 2019 9:16 pm

Cambodia is not the bargain basement country many people make it out to be. It can be a very cheap place to live or retire to, or it can be very expensive. In that respect, it's no different to many other countries. It's subjective - it all depends on your expectations and the quality of life you desire. - As the above poster pointed out, there are many places in Europe where the cost of living can be comparable in many aspects.

The cost of living in the KOW, for the natives, and for now, reitavely speaking, is remaining relatively stable, but many Khmers have told me that there is a big concern that the cost of living is soon going to start to rise and many of the poorer Khmers simply won't be able to keep up.

Cambodia is changing fast. Very fast. What might like seem an affordable place to retire to today might not be the paradise you moved to even just 3 - 6 years in the future.
pczz
Expatriate
Posts: 1982
Joined: Sun Mar 22, 2015 1:00 pm
Reputation: 337
Location: phnom penh
Great Britain

Re: Cambodia is the Cheapest place to retire...

Post by pczz » Tue Feb 05, 2019 9:24 pm

If you are an eu citizen you do not have to pay for a visa, work permit, driving license, health insurance, not even a passportin EU. That saves about $600 a year. Your phone has to roam for free so no second sim card needed.If you like to live on Cambdian food and dont want too many home comforts then Cambodia is still failry cheap bu i am buggerred if I can live on less than $700 a month half of which is rent, $50 towards visas etc. Its not the bargain it was for europeans anymore but still probably decent for people from other developed economies. Someone tole me the other week a chinese had complained the rent in sihanoukville is now higher than shanghai
User avatar
whiteribbon
Expatriate
Posts: 593
Joined: Fri Sep 08, 2017 3:45 pm
Reputation: 218
Contact:
Cambodia

Re: Cambodia is the Cheapest place to retire...

Post by whiteribbon » Tue Feb 05, 2019 9:33 pm

OK the only thing that's expensive is electric bills and car ownership. All the rest is cheaper in my experience. Prove me wrong?
Edit: just read the article again... a bottle of sparkling wine for $25?! You can have a bottle of great Prosecco for $12 in every market in Cambodia, so their figures are probably greatly (bigly) inflated.
Last edited by whiteribbon on Tue Feb 05, 2019 9:40 pm, edited 1 time in total.
just noise, white noise
xandreu
Expatriate
Posts: 160
Joined: Mon Jun 05, 2017 11:37 am
Reputation: 89
Great Britain

Re: Cambodia is the Cheapest place to retire...

Post by xandreu » Tue Feb 05, 2019 9:36 pm

I was once told by a very wealthy investor / economist (friend of a friend) that if you want to gauge whether a city/country is worth invesing in, don't bother looking at market forecasts, don't waste your time reading financial papers, forget looking for other people's opinions online, simple go there, get yourself a good vantage point and look at the amount of construction going on. How many cranes can you see? (he was using London as an example - I know they largely seem to get by without cranes here, but the principle is the same)

This will tell you all you need to know about the direction a country is going in and whether it's worth investing in. If you think it's worth investing in, so do many other people.

Cambodia today will be unrecognisable in a very short time. For the natives, for a foreigner to move to, and for a pensioner to retire to.

But of course, we all know, it's already started.

I'd hold off for the dream place to retire to for the time being if it were me.
User avatar
phuketrichard
Expatriate
Posts: 8513
Joined: Wed May 14, 2014 5:17 pm
Reputation: 1333
Location: the far side of the moon
Aruba

Re: Cambodia is the Cheapest place to retire...

Post by phuketrichard » Tue Feb 05, 2019 9:44 pm

whiteribbon wrote:
Tue Feb 05, 2019 9:33 pm
OK the only thing that's expensive is electric bills and car ownership. All the rest is cheaper in my experience. Prove me wrong?
Edit: just read the article again... a bottle of sparkling wine for $25?! You can have a bottle of great Prosecco for $12 in every market in Cambodia, so their figures are probably greatly (bigly) inflated.
the only things i find cheaper in Cambodia over Thailand is Drinking alcohol,( beer, spirits, wine), smoking cigs, some western food items in the supermarkets and some Barang food in cheaper restaurants
everything else is more
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
User avatar
Jamie_Lambo
The Cool Boxing Guy
Posts: 13499
Joined: Mon Apr 20, 2015 10:34 am
Reputation: 1728
Location: Naklua
Contact:
Great Britain

Re: Cambodia is the Cheapest place to retire...

Post by Jamie_Lambo » Wed Feb 06, 2019 12:53 am

phuketrichard wrote:
Tue Feb 05, 2019 9:44 pm
whiteribbon wrote:
Tue Feb 05, 2019 9:33 pm
OK the only thing that's expensive is electric bills and car ownership. All the rest is cheaper in my experience. Prove me wrong?
Edit: just read the article again... a bottle of sparkling wine for $25?! You can have a bottle of great Prosecco for $12 in every market in Cambodia, so their figures are probably greatly (bigly) inflated.
the only things i find cheaper in Cambodia over Thailand is Drinking alcohol,( beer, spirits, wine), smoking cigs, some western food items in the supermarkets and some Barang food in cheaper restaurants
everything else is more
even thats not true anymore, was drinking pints of Tiger in a walking street agogo (Atlantis) tonight for less than $3... a pint!
i rarely pay more than $2-3 for a bottle of San Miguel light ($3.50-4 in PP) anywhere here
:tophat: Mean Dtuk Mean Trei, Mean Loy Mean Srey
Punchy McShortstacks School of Hard Knocks :x
shnoukieBRO
Expatriate
Posts: 619
Joined: Tue Oct 27, 2015 3:42 am
Reputation: 58
Cambodia

Re: Cambodia is the Cheapest place to retire...

Post by shnoukieBRO » Wed Feb 06, 2019 1:39 am

If it's mostly cheaper in Thailand than Cambodia. . Then you know Cambodia is now freaking spenseeve

:BangHead:
Better hip beach days on Ko Rong!
Gardiguy
Expatriate
Posts: 364
Joined: Sun May 07, 2017 5:50 pm
Reputation: 74
Canada

Re: Cambodia is the Cheapest place to retire...

Post by Gardiguy » Wed Feb 06, 2019 1:47 am

Jamie_Lambo wrote:
Wed Feb 06, 2019 12:53 am
phuketrichard wrote:
Tue Feb 05, 2019 9:44 pm
whiteribbon wrote:
Tue Feb 05, 2019 9:33 pm
OK the only thing that's expensive is electric bills and car ownership. All the rest is cheaper in my experience. Prove me wrong?
Edit: just read the article again... a bottle of sparkling wine for $25?! You can have a bottle of great Prosecco for $12 in every market in Cambodia, so their figures are probably greatly (bigly) inflated.
the only things i find cheaper in Cambodia over Thailand is Drinking alcohol,( beer, spirits, wine), smoking cigs, some western food items in the supermarkets and some Barang food in cheaper restaurants
everything else is more
even thats not true anymore, was drinking pints of Tiger in a walking street agogo (Atlantis) tonight for less than $3... a pint!
i rarely pay more than $2-3 for a bottle of San Miguel light ($3.50-4 in PP) anywhere here
For the most part, when you are comparing beer prices you would do it with domestic beer prices, not imports. Also, Beer Economics is a real thing when done properly and not done by some guy sitting in a gogo bar at 1 am. I can get Tiger draft in PP for....$1...a pint! Any time of day, wow!!

http://www.oxfordscholarship.com/view/1 ... 0199693801
Post Reply Previous topicNext topic
  • Similar Topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: Big'n, CEOCambodiaNews, paul2d, timmydownawell and 628 guests