rubberbaron wrote: ↑Sun Jan 09, 2022 2:55 pm I am wondering why he is selling it so shortly after completion. Maybe he is just testing the waters to see who might be interested and find out the current market prices. The location is a little far from town in a village called Kao Krasang. A French guy built a borey called Park View Villas with Western-style villas on small lots in the area. Don't know whether they ever sold all the units. That one was way back along a winding small dirt road. They sold for $350,000 a couple of years ago.
Prices for land are steadily rising and is bought by wealthy Khmer sitting on it for later sale. There is no market for villas like this. Khmer want 2-story not bungalow-style houses and Westerners here usually don't have this kind of money.
I have a similar house with pool I built myself on 875 m2 almost 3 years ago. The house is 170m2, 3 BR/baths, 1 guest bathroom. staff house, utility house, garage, modern kitchen, open floorplan, screened in terrace Florida-style. Location not too far from Kep market 25 m in on paved road. The land was $140,000, a neighbor is asking $250,000 for the same size land. A friend bought 2 lots of 1500 m2 together farther inside on dirt road for $260,000, cleared it, built a nice wall around it, planted some mango trees, and put in some sod. They had an offer for $400,000 from a Khmer from PP 2 months later.
I would price my house at about the same as whiteribbon's, but have no illusion of selling it at that price in the near future, plus I wouldn't know where to go live anyway. It's hot in Cambodia but we know that. Power bills are very high not because of A/Cs which we don't use that much anyway except in March, April May but running the pool pump for 12 hours a day. Fans and open doors usually cool it enough.
Villas like this in a resort town in Italy or Spain are twice or three times that much.

AndyKK wrote: ↑Mon Feb 07, 2022 8:08 pm I agree they are good properties, and whiteribbon did a good thread on the build. I am glad you had got the offer you could not refuse. did you actually make a profit?
It's the kind of property that is well out of my league just like many other property's would be also in the countries of the world.
Also, I would be thinking of the past, possible because of the KR and conflicts, people were easy to dispose of in the specific area whom was the original owners of the land, but you probably researched that quite well.