Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Yes... we are absolutely interested in your $50,000 bar for sale with 3 stools and no customers.
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truffledog
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by truffledog » Mon May 18, 2020 1:38 pm

ash333 wrote:
Mon May 18, 2020 3:07 am

Investing in land in a third world country with limited ownership rights for non citizens and a hideously corrupt judicial system isn't playing it safe. (no sh1t)
Safe investments return tiny percentages whereas whomever purchases this plot will do so in the expectation of large capital gain rather than a small but regular income.
You're just not comparing apples with apples.
Thats exactly the point..this guy is touting an investment as 100% safe when it is connected to many big risks. Doing so is a kind of cheating IMHO. You need to tell your customerst the truth. If after that they are still willing to invest, you earned your commisson in an honest way.
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by clutchcargo » Mon May 18, 2020 4:09 pm

truffledog wrote:
Mon May 18, 2020 1:38 pm
ash333 wrote:
Mon May 18, 2020 3:07 am

Investing in land in a third world country with limited ownership rights for non citizens and a hideously corrupt judicial system isn't playing it safe. (no sh1t)
Safe investments return tiny percentages whereas whomever purchases this plot will do so in the expectation of large capital gain rather than a small but regular income.
You're just not comparing apples with apples.
Thats exactly the point..this guy is touting an investment as 100% safe when it is connected to many big risks. Doing so is a kind of cheating IMHO. You need to tell your customerst the truth. If after that they are still willing to invest, you earned your commisson in an honest way.
^^^^
this guy is touting an investment as 100% safe
as a real estate agent he would say that wouldn't he? :wink: Do you believe a used car salesman that the car you're interested in was only ever driven by a little old lady to church on sundays? :mrgreen:
You need to tell your customers the truth.
His customer is the seller from whom he will get a commission..not the buyer. He's in the business of finding a buyer for the seller. Some people falsely believe his business is about helping people find a property.. If you want someone to do that, find an independent buyer's agent not affiliated to sellers and pay him.
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by basta.binici » Tue May 19, 2020 1:18 pm

So you say that 100,000 foreigner property owners are at risk?
How not anything happen to people owning lands with hard titles then? Just give me one example of someone who bought land via setting up a company and has been cheated yes just one example please. No one can cheat in this system. Please keep your unsupported claims to yourself.
This land is unique, valuable and will be sold in short time. People are building hotels, casinos, earning money, but you claim everyone is doing wrong even though you haven't heard even 1 case with this legal method?
@clutchcargo why do you claim that i don't follow any moral codes? Is this your morality reflecting and expecting from others? In Cambodia it is a general law that landlords pay the commission. The commission rates are so small near the property no one has to be more polite (!) to the landlord. They don't care and are very happy when we bring a client. If land has a problem, you can see it in land department easily.
In which country a shareholder in the paper which is not a part of board of directors or management can do anything in the name of the company? And in Cambodia it is double protected because online system records your land to be sold only by you if you have one or two Khmer shareholder.
Land Tax is just 4% and is paid while buying the land. Land prices in Koh Touch are almost $1000/sqm. This land plot is 50% of the market price because the landlord needs money.
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by fazur » Tue May 19, 2020 1:23 pm

i really hope the owners are charging for this free advertising

estate agents are kind of like lawyers and bankers

a guesthouse must pay to advertise, but a estate agent doesn't?
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by fazur » Tue May 19, 2020 1:25 pm

basta.binici wrote:
Tue May 19, 2020 1:18 pm
In which country a shareholder in the paper which is not a part of board of directors or management can do anything in the name of the company? And in Cambodia it is double protected
in which country do estate agents advertise on public forums for free?
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by basta.binici » Tue May 19, 2020 1:30 pm

fazur wrote:
Tue May 19, 2020 1:25 pm
basta.binici wrote:
Tue May 19, 2020 1:18 pm
In which country a shareholder in the paper which is not a part of board of directors or management can do anything in the name of the company? And in Cambodia it is double protected
in which country do estate agents advertise on public forums for free?
Thank you, now I see why I am being sabotaged :beer3:
Last edited by basta.binici on Tue May 19, 2020 2:03 pm, edited 1 time in total.
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by fazur » Tue May 19, 2020 1:34 pm

why, bcoz people feel you should share ur profit with those who you use to advertise?

what a filthy capitalist idea, right?
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by basta.binici » Tue May 19, 2020 2:04 pm

fazur wrote:
Tue May 19, 2020 1:34 pm
why, bcoz people feel you should share ur profit with those who you use to advertise?

what a filthy capitalist idea, right?
I agree, I will share
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by clutchcargo » Tue May 19, 2020 4:44 pm

basta.binici wrote:
Tue May 19, 2020 1:18 pm
So you say that 100,000 foreigner property owners are at risk?
How not anything happen to people owning lands with hard titles then? Just give me one example of someone who bought land via setting up a company and has been cheated yes just one example please. No one can cheat in this system. Please keep your unsupported claims to yourself.
This land is unique, valuable and will be sold in short time. People are building hotels, casinos, earning money, but you claim everyone is doing wrong even though you haven't heard even 1 case with this legal method?
@clutchcargo why do you claim that i don't follow any moral codes?
I'm not making any claims about your morality basta. Rather, pointing out to another member which side one's bread is buttered on when it comes to real estate agents in general and to not necessarily believe everything they hear. I believe it's a case of buyer beware and better they check for themselves and/or seek advice from independent solicitors when it comes to a foreigner buying land via company structures etc.

Where I do have an issue is when you described earlier that the company structure method of buying as 100% safe. Or to use your words above 'not at risk'.

Now it may well be a legitimate way of buying land for a foreign company with a majority khmer shareholding where they intend to start a factory or resort or such like. But where it applies to a foreign individual who buys the land for intended private use, I have my doubts as to the legitimacy of such a transaction (as other members have also said in this topic).

Now, I'm not saying that is necessarily illegal as things stand now but to my mind, it is contrary to the intent of khmer law and therefore not 100% safe or risk free as you assert. Foreigners are generally not allowed to own land or indeed have permanent residency. The practice of using company structures/nominees for individuals purchasing land for private use goes against that intent imo. If it were to continue unfettered, one day the authorities may well realise what's going on and put a stop to it by changing the law. No one knows if and when this will ever happen but nevertheless I see it as big risk.

Thailand for example did exactly that. Member Element6 put it well here:
Element6 wrote:
Mon May 18, 2020 7:14 am
Dunderhead wrote:
Sun May 17, 2020 9:20 pm
I understand that this nominee structure works in practice it may continue to work in future. Nevertheless it is not legal under the letter of the law.
agreed, and if I remember correctly Thailand went after a lot of people using this structure a few years ago and people found themselves in trouble, don't hear so much about it these days so not sure if they have relaxed again. I believe they also went after a lot of land holding companies as whilst it is legal to have a land holding company, it is illegal to have one that is used solely for the purpose of allowing a foreigner to own land. They looked at companies with foreign ownership element and no economic activity and chased after them. So even that route is not 100% safe if Cambodia were to adopt the same viewpoint
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Re: Beachfront Land for Sale in Koh Rong Main Beach 1000 sqm

Post by phuketrichard » Tue May 19, 2020 5:22 pm

to expand on what Element 6 posted
Thailand "real estate agents" sold lots of land back in the 80-90's in 3 ways

1. was setting up companies where 51% of the shareholders were Thai's
Well that went belly up for many in the 2000's when the land dept looked at companies that had Farang directors and found many of the shareholders were bar girls ,maids, tutuk drivers. Or lots of thai's that were associated with the agent were found to be shareholders in many companies when they barely could support themselves. I had one thai friend ( that made 10,000 baht each time a farang wanted to by land and she came on as a shareholder). When the land office demanded they verify where the investment came from and it was learned that the Farang put the cash up, (the farang had a "legal paper" allow him control of the share holders votes) lost the land

2. Land ownership was sold with a 90 year lease hold contract ( well 30+30 +30) as ONLY 30 years leases are legal
Many of those leases came up in the late 2000's early 2010's and it was found that no matter what the original land owner had said / signed, unless he agreed to sign a NEW 30 year lease ... Farang loses

3.Many brought land in their gf's/wifes name with a "legal binding rental agreement " valid for 30 years given them possession of the land on a rental basis (like 100 baht year).. Land dept found those sales and demanded that the gf'/wife proved it was there money, NOT the farangs that brought the land. This was the least problem of the above as the farang was allowed to sell the land an didn't lose it, ( if the gf/wife agreed to sell an thats another story...:-) )

Americans are allowed to own 100% of a thai company, but specifically can not buy land with said company

One of the many reasons now why so many condos are being built in desirable locations as a Farang can own outright 49% of the total number of condos in the project

So all and all when basta.binici tells ya its 100% safe....it might be now but later......
laws change and those in power can find a way to fuck ya
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
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