Kammekor wrote: ↑Tue Jun 04, 2019 8:48 pm

IraHayes wrote: ↑Tue Jun 04, 2019 8:42 pm All these new condos and casinos are not going to be connected to the grid then?

They will, but most will remain empty for quite a while, so....

Why would they be empty?

Kammekor wrote: ↑Tue Jun 04, 2019 8:58 pm

rogerrabbit wrote: ↑Tue Jun 04, 2019 8:55 pm

Kammekor wrote: ↑Tue Jun 04, 2019 8:48 pm

IraHayes wrote: ↑Tue Jun 04, 2019 8:42 pm All these new condos and casinos are not going to be connected to the grid then?

They will, but most will remain empty for quite a while, so....

Why would they be empty?

Because the amount coming on the market is massive.
Because most are overpriced and / or low quality.
Because Cambodians prefer land / houses over condos.

There is not enough hotel rooms even now in Sihanoukville. When the ones completing this and next year, the number of rooms will be just bit higher what it was year/two ago before the demolishing of old places started. So I'm not so sure about the amount coming to market being that massive. Though if they still keep building like they do now, then yes there MIGHT be few too many rooms coming online in future.
What would be the correct pricing? Low quality... yes and no. Some are built to only last couple years on purpose. But many also are better quality than what there was before.
Third is true, but that is also changing rapidly. Last condo in Phnom Penh where I stayed most were local families.

Kammekor wrote: ↑Tue Jun 04, 2019 9:14 pm

rogerrabbit wrote: ↑Tue Jun 04, 2019 9:07 pm

Kammekor wrote: ↑Tue Jun 04, 2019 8:58 pm

rogerrabbit wrote: ↑Tue Jun 04, 2019 8:55 pm

Kammekor wrote: ↑Tue Jun 04, 2019 8:48 pm

They will, but most will remain empty for quite a while, so....

Why would they be empty?

Because the amount coming on the market is massive.
Because most are overpriced and / or low quality.
Because Cambodians prefer land / houses over condos.

There is not enough hotel rooms even now in Sihanoukville. When the ones completing this and next year, the number of rooms will be just bit higher what it was year/two ago before the demolishing old places started. So I'm not so sure about the amount coming to market being that massive. Though if they still keep building like they do now, then yes there MIGHT be few too many rooms coming online in future.
What would be the correct pricing? Low quality... yes and no. Some are built to only last couple years on purpose. But many also are better quality than what there was before.
Third is true, but that is also changing rapidly. Last condo in Phnom Penh where I stayed most were local families.

I was not thinking about Sihanoukville specifically, more Phnom Penh. The amount of condos there in the next few years will be massive. In my opinion the prices are beyond ridiculous for the building- and environmental qualities offered. So I just can't see all those condos in PP filling up quickly. But I'm no real estate expert.

I can imagine people buying condos, maybe even a few, but as an investment, just like in China. That would mean loads of empty condos, just sitting there, with the owner waiting for the next fool offering an even higher price.

Right sorry, I don't understand where I got the idea that you were talking about Sihanoukville

In the building I stayed (in Phnom Penh), the local families that had bought units were also staying in those. Most of the mid range condos are bought by locals now days. And many are buying them for living now days. If not for them, then for their kids and their families to live in. The younger generation wants to stay close to entertainment and food places and they don't want to sit in traffic hours.

EdC, two Chinese firms ink agreement on power plant
Publication date 12 June 2019 | 11:40 ICT
Cambodia’s state-run electricity supplier Electricite du Cambodge (EdC) on Tuesday signed an agreement with two Chinese companies to build a $380 million oil and liquefied natural gas power plant in the Kingdom.

A signing ceremony for the 400MW power plant was held by EdC, CGGC-Un Power Co Ltd and China National Heavy Machinery Corporation.

The factory will be built in Koh Reah commune in Kandal province’s Lvea Em district and is set to be completed in 10 months, EdC said.

The agreement under Engineering, Procurement and Construction (EPC) is divided into two parts.

CGGC-Un Power will build the 200MW Finnish Wartsila power plant, with China National Heavy Machinery Corporation installing machinery licensed by Germany’s MAN Energy Solutions, a subsidiary of Volkswagen AG.

The entire project will cost $380 million, with $300 million funded by the government and the rest from EdC.

Some $355 million will be allocated for constructing the plant and $25 million for other infrastructure, EdC said.

The Electricity Authority of Cambodia (EAC) has said Phnom Penh will no longer suffer electricity shortages from next year.

EdC director-general Keo Rattanak, who attended the signing ceremony, said the construction of the power plant came as part of strategies to address energy shortages.
EdC is seeking to boost national electricity production by 1,000MW by the end of next year. “I believe that the [energy situation] next dry season will be better than in this year’s.
https://www.phnompenhpost.com/business/ ... ower-plant

No water in the Stung Atai and no rain.
Be waiting a while for hydro from here.

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Too little too late. Planning seems to be beyond these people.