Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

If you are looking for a business to buy in Cambodia, you've come to the right place! This is a section where owners can post their businesses for sale and where others in the community can ask questions about starting a business here. Foreigners can own 100% of a business here in Cambodia, and it's a pretty simple process to buy or sell, whether it's a bar, restaurant, hotel, or anything else. Have questions about what paperwork is needed for your company? Ask away. Curious if the expat bar on Street 136 selling for $100,000 is a good deal? Start a discussion on CEO and we'll let you know what we think.
User avatar
WildA
Expatriate
Posts: 500
Joined: Wed Feb 22, 2017 2:38 am
Reputation: 212
Location: Siem Reap
United States of America

Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by WildA »

Element6 wrote: Fri May 15, 2020 9:44 am
rogerrabbit wrote: Thu May 14, 2020 8:36 pm
If you have money to buy over half a million plot, you probably have the money to buy the passport too. Also there are other ways to own the land.
That boat has all but sailed on getting a passport now. I heard rumors of it once being $20k. in 2015 it was $60k. 2018 post elections it was said to be $100k but you needed to show a bank balance of $1M and now I am told it is all but impossible for a regular person to get (purchase)
Anybody who would even pay 20 large for a cambo passport is either Chinese, North Korean, red noticed or just plain stupid.
Naturam expelles furca, tamen usque recurret. Horace
Just because you are paranoid doesn't mean they arent out to get you. Pynchon
Element6
Expatriate
Posts: 272
Joined: Sat Jan 30, 2016 1:33 pm
Reputation: 119
Cambodia

Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by Element6 »

WildA wrote: Fri May 15, 2020 11:09 am
Anybody who would even pay 20 large for a cambo passport is either Chinese, North Korean, red noticed or just plain stupid.
Agreed if you are doing it just to be a regular citizen. However if you are doing property deals where the usual fee for a nominee is 3% of sales price you dont have to do many deals to make it pay (at old prices) for itself and to eliminate the potential fraud issues alluded to earlier.

Another reason (when it was much cheaper) would be to ensure a secure future in KOW without having to worry about future changes to requirements that could affect your right to remain.

If the government suddenly mirrored the Thai requirements there may be several people who could no longer prove their eligibility to remain, although in all honesty they probably couldnt have afforded $20k for a passport ever mind higher prices.

The final and surely most compelling reason is you get to pay the Khmer rate for your cintri garbage collection instead of the inflated foreigner one. That alone would pay for a $20k Cambodian passport in about 90 years :lol:
User avatar
Ravensnest
Expatriate
Posts: 773
Joined: Sat Dec 29, 2018 6:42 pm
Reputation: 318
Contact:
United States of America

Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by Ravensnest »

No matter what- if the pictures show the land for sale it's simply gorgeous! I wish I had the funds to invest. What would that be worth in 20 years? I believe 4x or 5x easily after the huge Chinese project is finished.
Still here, in country...
rogerrabbit
Expatriate
Posts: 925
Joined: Sat May 14, 2016 1:17 am
Reputation: 341

Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by rogerrabbit »

WildA wrote: Fri May 15, 2020 11:09 am
Element6 wrote: Fri May 15, 2020 9:44 am
rogerrabbit wrote: Thu May 14, 2020 8:36 pm
If you have money to buy over half a million plot, you probably have the money to buy the passport too. Also there are other ways to own the land.
That boat has all but sailed on getting a passport now. I heard rumors of it once being $20k. in 2015 it was $60k. 2018 post elections it was said to be $100k but you needed to show a bank balance of $1M and now I am told it is all but impossible for a regular person to get (purchase)
Anybody who would even pay 20 large for a cambo passport is either Chinese, North Korean, red noticed or just plain stupid.
I know many westeners who have bought one. Some reasons being; they plan to stay in country for rest of their life, they own pretty big business here, and/or they have bought land for investment reasons (these guys own thousands of hectares). And I wouldn't call any of these guys stupid. And none of these guys are with empty pockets.
User avatar
WildA
Expatriate
Posts: 500
Joined: Wed Feb 22, 2017 2:38 am
Reputation: 212
Location: Siem Reap
United States of America

Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by WildA »

rogerrabbit wrote: Fri May 15, 2020 4:28 pm
WildA wrote: Fri May 15, 2020 11:09 am
Element6 wrote: Fri May 15, 2020 9:44 am
rogerrabbit wrote: Thu May 14, 2020 8:36 pm
If you have money to buy over half a million plot, you probably have the money to buy the passport too. Also there are other ways to own the land.
That boat has all but sailed on getting a passport now. I heard rumors of it once being $20k. in 2015 it was $60k. 2018 post elections it was said to be $100k but you needed to show a bank balance of $1M and now I am told it is all but impossible for a regular person to get (purchase)
Anybody who would even pay 20 large for a cambo passport is either Chinese, North Korean, red noticed or just plain stupid.
I know many westeners who have bought one. Some reasons being; they plan to stay in country for rest of their life, they own pretty big business here, and/or they have bought land for investment reasons (these guys own thousands of hectares). And I wouldn't call any of these guys stupid. And none of these guys are with empty pockets.
Rich and smart until some strongman takes it away. No thanks. If I was going to invest a mill somewhere, it wouldn't be here. YMMV.
Naturam expelles furca, tamen usque recurret. Horace
Just because you are paranoid doesn't mean they arent out to get you. Pynchon
User avatar
truffledog
Expatriate
Posts: 1658
Joined: Sat Mar 07, 2020 4:54 am
Reputation: 1028
Italy

Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by truffledog »

rogerrabbit wrote: Fri May 15, 2020 4:28 pm
WildA wrote: Fri May 15, 2020 11:09 am
Element6 wrote: Fri May 15, 2020 9:44 am
rogerrabbit wrote: Thu May 14, 2020 8:36 pm
If you have money to buy over half a million plot, you probably have the money to buy the passport too. Also there are other ways to own the land.
That boat has all but sailed on getting a passport now. I heard rumors of it once being $20k. in 2015 it was $60k. 2018 post elections it was said to be $100k but you needed to show a bank balance of $1M and now I am told it is all but impossible for a regular person to get (purchase)
Anybody who would even pay 20 large for a cambo passport is either Chinese, North Korean, red noticed or just plain stupid.
I know many westeners who have bought one. Some reasons being; they plan to stay in country for rest of their life, they own pretty big business here, and/or they have bought land for investment reasons (these guys own thousands of hectares). And I wouldn't call any of these guys stupid. And none of these guys are with empty pockets.
If you have good connections with the guys with the guns things are different. Having connections with the right people aka generals gives you a better investment safety as owning a land through a 20 dolla company with an rightless cambodian no name citizen on board.
work is for people who cant find truffles
User avatar
truffledog
Expatriate
Posts: 1658
Joined: Sat Mar 07, 2020 4:54 am
Reputation: 1028
Italy

Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by truffledog »

Ravensnest wrote: Fri May 15, 2020 3:17 pm No matter what- if the pictures show the land for sale it's simply gorgeous! I wish I had the funds to invest. What would that be worth in 20 years? I believe 4x or 5x easily after the huge Chinese project is finished.
you get the better odds at a casino putting all on red or black
work is for people who cant find truffles
Dunderhead
Expatriate
Posts: 192
Joined: Thu May 07, 2020 3:49 pm
Reputation: 110
Australia

Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by Dunderhead »

Thanks for the info and although be I could be wrong that workaround suggested by the OP is illegal according to the letter can of the law.
User avatar
basta.binici
Expatriate
Posts: 279
Joined: Sat Dec 15, 2018 12:47 pm
Reputation: 24
Contact:
Cambodia

Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by basta.binici »

Element6 wrote: Fri May 15, 2020 3:01 pm
WildA wrote: Fri May 15, 2020 11:09 am
Anybody who would even pay 20 large for a cambo passport is either Chinese, North Korean, red noticed or just plain stupid.
Agreed if you are doing it just to be a regular citizen. However if you are doing property deals where the usual fee for a nominee is 3% of sales price you dont have to do many deals to make it pay (at old prices) for itself and to eliminate the potential fraud issues alluded to earlier.

Another reason (when it was much cheaper) would be to ensure a secure future in KOW without having to worry about future changes to requirements that could affect your right to remain.

If the government suddenly mirrored the Thai requirements there may be several people who could no longer prove their eligibility to remain, although in all honesty they probably couldnt have afforded $20k for a passport ever mind higher prices.

The final and surely most compelling reason is you get to pay the Khmer rate for your cintri garbage collection instead of the inflated foreigner one. That alone would pay for a $20k Cambodian passport in about 90 years :lol:
Nominee fee is $100-1000 one time payment. However better is to go through the leagl way and setup a company. 100% safe. Foreign companies invest 100s of millions, even billions to Cambodia. If you don't be lazy and do everything legally, then you won't have a problem concerning safety of property. Buy hard title land in the name of your company and sign at the land department.
User avatar
basta.binici
Expatriate
Posts: 279
Joined: Sat Dec 15, 2018 12:47 pm
Reputation: 24
Contact:
Cambodia

Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by basta.binici »

Dunderhead wrote: Sat May 16, 2020 2:13 pm Thanks for the info and although be I could be wrong that workaround suggested by the OP is illegal according to the letter can of the law.
It is not a workaround, it is the legal way to own a property as stated in Cambodian law.
Post Reply Previous topicNext topic
  • Similar Topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: No registered users and 55 guests