Anyway, here you can see Reid in action, he really is a piece of work. Hold onto your wallets, he's very persuasive.

Anybody who would get taken in by this kid deserves to lose every last cent they invest with him.

Cooldude wrote: ↑Wed Aug 04, 2021 9:45 am Anyway, here you can see Reid in action, he really is a piece of work. Hold onto your wallets, he's very persuasive.

Anybody who would get taken in by this kid deserves to lose every last cent they invest with him.

They probably already have.

He was trying to start a 'fund' a few years ago where you buy shares, minimum investment amount etc. God knows how many people they took in.

nerdlinger wrote: ↑Wed Aug 04, 2021 4:51 am Also side question, I keep hearing about how Sihanookville is owned by Chinese companies. How does that work then? Is there some loophole involving a local subsidiary or something?

They either lease/rent the land/building, have locals on the board or have citizenship, or some convoluted structure that gives them rights.
If you’re buying a 20 million building I’m sure throwing another 500k for a passport is chump change.

Maybe he gets his quiet self assurance from his dad, TNT - who is introduced here at min 1.00

I wonder if the investments are made via him

What happened to his head?

SternAAlbifrons wrote: ↑Wed Aug 04, 2021 10:59 am Maybe he gets his quiet self assurance from his dad, TNT - who is introduced here at min 1.00

Bill Kirchenbauer, the bit part actor from your clip above, lives in TTP with his wife and a street dog

Is young Reid his real life slimeball confidence trickster son, or is it just pure coincidence that they both live here at the same time with such an unusual surname?

EDIT: Yup

nerdlinger wrote: ↑Wed Aug 04, 2021 12:57 am > Foreigners can own real estate in Cambodia on a freehold basis.

Can anyone clarify this? I was given to understand that property ownership was quite severely restricted in ways that made property investment an unattractive prospect.

I think the KEY word is Control land... A foreigner can control land through different means such as;

Incorporating a land holding company
Leasing
Nominee Structure

Gain Cambodian citizenship and you can buy the same as what a khmer citizen could.

Doc67 wrote: ↑Wed Aug 04, 2021 9:03 am

armchairlawyer wrote: ↑Wed Aug 04, 2021 7:54 am The article linked in the OP is not new. The latest data point is 2017. The stated growth rates are pre-Covid. I won't comment on the rest of it, life's too short.

In addition to your technical trashing, here's Reid Kirchenbauer, clearly a seasoned international investor.



And here's Reid, all grown up and showing of his "best investment in Cambodia (of 10 he claims). A 112 sm 3rd floor apartment, down a long and grotty alleyway, horrible a night, and up narrow stairs (he speeds up the video at that point). I think it is street 114.

He paid "about" $80000 for it and it took 3 months for the renovation. It bet it stands him in $110,000+.

He claim all these types of building will be knocked down for malls and new office blocks in 20 years and these will then be sold at a premium. At 4:20 on the video he claims, "this is already starting to happen with people buying apartments at a 2-300% premium over appraised value"

Are they really? Where? Not his one, that's for sure.

Think what $100k of land in Kampot or Kep in 2017 would be worth today?

Anyway, here you can see Reid in action, he really is a piece of work. Hold onto your wallets, he's very persuasive.

He’s got a very odd way about him. His accent, mannerisms and little body twitches and idiocies!
I like how he said “Akoon John” to the TukTuk driver and said “Nom Penh”

Plus his shirt is far too tight. He’s not 18yo anymore.

I lived in this place for two years. I left in April 2018. It was sold in December 2017.
It is entry through a internal lane and is ok during the day. Night time is not so good. A few crackheads and dodgy types about at night.
The renovation is better than it was when I lived there but its not the looks that will cause you issues. It is a "add on" level that is short on height and had major leakage problems when rain fell. We slathered the rooftop with black tar like stuff to try to stop leaks when storms hit and tried to drain water away. worked ok but not sustainable in the heat as everything on the roof got the morning and afternoon sun.
Because it is a stand alone add on there is no protection from the sun at any time and so it is like a bloody oven. I ran fans during the day and at night. The aircon was too big for the bedroom and was not very efficient.
In fact the heat in April was a mitigating factor for leaving as I had left the balcony door open for a breeze when I went to bed and woke up about 2.30 with a feeling of something not right. I checked my phone that was on the stand beside the bed but alas it was not charging there. I thought I must have left it in the lounge room charging by the laptop but , no not there. I then noticed the front door open and ran there. I heard footsteps on the roof next door so just locked the door. , Put some clothes on, and checked to see that nothing other than a fake $20 note I had near the laptop was missing. (the laptop was locked to the wall)


I was a regular at the Golden Vine around the corner and deputised as manager when Lan went away. That was why I lived there.
I had been robbed by three scruffy ladyboys with a knife outside the block 8 months before so this was time to go find a less hazardous place to camp.
I decided that if they can get up to the forth floor with nothing to hold onto I needed to live somewhere else . Three days later I moved.
I don't know this bloke but do know the place.