Chinese property giant to invest $3B in hotels, PP,SHV.

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Re: Chinese property giant to invest $3B in hotels, PP,SHV.

Postby LaudJohn » Sat Jan 07, 2017 9:05 am

This will probably mean bye bye to the bars on the beach at Ochheateal. The Royal group owns all that land where the Barang bars are located (where the bars moved back recently), from the beach to the road. They are on short term leases. Best location for an awesome beachfront hotel.
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Re: Chinese property giant to invest $3B in hotels, PP,SHV.

Postby OKW » Sat Jan 07, 2017 7:18 pm

bolueeleh wrote:
Bertros wrote:
bolueeleh wrote:
Bertros wrote:
good for the construction workers and prolly the economy in general as they pump in all that money.
did you see the amount of chinese workers they brought in?


they still have to pay rent, buy food, etc.

just sayin'


Bertros :hattip:
they lived at dorms in the construction sites, they shared money and cooked on site most of the times, even if they eat out it is mostly chinese eateries
A few years back the president of Samoa was in the international media saying that had he known what would happen, he would have never granted the contract to build a new road system on his island to the Chinese. Locals had prepared rooms for rent and anticipated a bit of business with eateries, laundry and the like. The labor force arrived, lived in tents along the rivers, where they could shit shave and shower. Meanwhile their families did the laundry in the river, while others fished for dinner. Almost in tears he added that they brought along cheap trinkets and kitchie toys for sale to the local kids on their way to school. It was a genuine account of what had happened to his economy and the public was not happy.
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Re: Chinese property giant to invest $3B in hotels, PP,SHV.

Postby cptrelentless » Sun Jan 08, 2017 12:51 am

LaudJohn wrote:This will probably mean bye bye to the bars on the beach at Ochheateal. The Royal group owns all that land where the Barang bars are located (where the bars moved back recently), from the beach to the road. They are on short term leases. Best location for an awesome beachfront hotel.
Kith Meng's uncle has rented the entire plot where New Sihanoukville Pub Street was supposed to go, for $2k a month. Some reason he seems to have stopped caring, the last time it pissed down last month, the new carpark behind the Office, and that place the crazy Canadian potential faker had a bar, or Gino's if you're an old smoker, anyway, I digress. There's concrete roads everywhere that flood, because, and this is just street scuttlebutt, he used 1 1/2" pipes for the drains because he had superior knowledge, or something. It explains the pools of Weill's and cholera disease that still persist.

The General owns from the base to the bend, he's not Royal group. Around Khin's and 7777, 555 etc they have separate papers from the original government handout of plots back in 2003. Hence the 50c beer and $2.50 tuna steak and chips, don't eat the salad. The free bars and the General's didn't have to move, although if you look at the plan the Royal's brief didn't cover the beach bars. Jamie's map shows this.
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Re: Chinese property giant to invest $3B in hotels, PP,SHV.

Postby Fourkinnel » Sun Jan 08, 2017 1:48 pm

The Chinese have already got more than 20 casino's now in SHV and more on the way. Go in these places and it's got lots of online gamblers rather than traditional punters. Half of the many restaurants they built seem completely empty the other half for the coached in ones, no doubt someone getting a backhander.
When China economy takes a tumble as the Russian one did, SHV will be a ghost town, something resembling a forgotten funfair.

They doing this big investment in Sri Lanka too but the locals not so enthusiastic
http://www.skynews.com.au/news/world/as ... pment.html

Personally I wish they would all fuck off ! Hardly anything go's into the Cambodian economy below a certain level.
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Re: Chinese property giant to invest $3B in hotels, PP,SHV.

Postby Cambodia Real Estate » Mon Jan 16, 2017 6:07 pm

LaudJohn wrote:This will probably mean bye bye to the bars on the beach at Ochheateal. The Royal group owns all that land where the Barang bars are located (where the bars moved back recently), from the beach to the road. They are on short term leases. Best location for an awesome beachfront hotel.
Yes they have 5 hectares there.. It wont be long.
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Re: Chinese property giant to invest $3B in hotels, PP,SHV.

Postby bolueeleh » Mon Jan 16, 2017 8:19 pm

oh fuck off, i had been a real estate agent before, all fucking real agents are real assholes, just pump unrealistic bullshit into your brain to close a fucking sale, no matter how shitty or how fucking unrealistic the returns are, just to con the ignorant public to buy the property that is on your boss push list.

how to fuck can you sleep at night to sell 1000++ psm condos in SHV where there are tons of empty condos everywhere in SHV and tell ignorant public that they can get good returns?

if i see any of you guys here i will troll you guys to death, dont FUCKING COME HERE TO BLOW YOUR FUCKING BULLSHIT!!!
Money is not the problem, the problem is no money
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Re: Chinese property giant to invest $3B in hotels, PP,SHV.

Postby bolueeleh » Mon Jan 16, 2017 8:22 pm

real estate agents are the scum of the earth, on the same fucking page as bankers and remisier, i have worked as a remisier too, FUCKING HELL.
Money is not the problem, the problem is no money
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Re: Chinese property giant to invest $3B in hotels, PP,SHV.

Postby Anchor Moy » Mon Jan 16, 2017 8:57 pm

bolueeleh wrote:oh fuck off, i had been a real estate agent before, all fucking real agents are real assholes, just pump unrealistic bullshit into your brain to close a fucking sale, no matter how shitty or how fucking unrealistic the returns are, just to con the ignorant public to buy the property that is on your boss push list.

how to fuck can you sleep at night to sell 1000++ psm condos in SHV where there are tons of empty condos everywhere in SHV and tell ignorant public that they can get good returns?

if i see any of you guys here i will troll you guys to death, dont FUCKING COME HERE TO BLOW YOUR FUCKING BULLSHIT!!!
bolueeleh wrote:real estate agents are the scum of the earth, on the same fucking page as bankers and remisier, i have worked as a remisier too, FUCKING HELL.
Are you a "reformed" real estate agent, bol ? O:-) That's cute. Your sins may yet be forgiven if you give us a heads up on the dirty dealings.
8)
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Re: Chinese property giant to invest $3B in hotels, PP,SHV.

Postby bolueeleh » Mon Jan 16, 2017 9:19 pm

Anchor Moy wrote:
Are you a "reformed" real estate agent, bol ? O:-) That's cute. Your sins may yet be forgiven if you give us a heads up on the dirty dealings.
8)
dirty dealings is that there are projects that are doomed to fail, and the boss always ask the agents to push these projects, lets put it this way, the more ads u see, the glitzier the showroom is, that just mean this project are fucked or not so good, the good ones are always snapped up in the pre sales, friends, families, ppl in the loop etc, all the masses get are shitty projects or shitty apartments in a normal project.

just like fucking remisier push junk stocks and fund managers pushing junk funds
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Re: Chinese property giant to invest $3B in hotels, PP,SHV.

Postby CEOCambodiaNews » Sun Mar 19, 2017 11:17 am

Shame, but the $3B 6 star hotel projects for Cambodia are not ready to roll just yet, due to problems with Chinese capital controls apparently.

Capital controls hold back Chinese developer
Wed, 15 March 2017

The head of Chinese real estate developer Guangzhou R&F Properties, which has announced plans to invest $3 billion into a new luxury hotel in the Kingdom, has asked Chinese authorities to fast track its approval process for moving cash out of the mainland, according to a report yesterday in the South China Morning Post.

Zhang Li, founder and co-chairman of Hong Kong-listed firm, was quoted as saying that the project was a special case under China’s “One Belt, One Road” initiative.

“Current capital controls are too tight,” he said. “We will repatriate the money back to China if we make a profit outside.” Li previously met Royal Group’s Kith Meng to discuss developing a “six star” hotel in Phnom Penh or Sihanoukville.
http://www.phnompenhpost.com/business/c ... -developer

Interesting how Zhang Li describes his multi-billion dollar hotel scheme as a "residential and agricultural development programme in Cambodia" here:
“We applied for US$1 billion worth of overseas investment quota to the state foreign exchange authority more than two months ago, but have not yet received approval,” Zhang Li, founder and co-chairman of Hong Kong-listed R&F Properties told the South China Morning Postin Beijing on Sunday.
The most urgent projects included the acquisition of a chromium mine in Angola, and a residential and agricultural development programme in Cambodia, Zhang said.
http://www.scmp.com/business/companies/ ... cquisition
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