Doc67 wrote: ↑Mon Jun 19, 2023 4:46 pm Anyone know how AussieXL bar is doing after their move from BBK1 to the back streets of north of Wah Phnom?

Stinkman wrote: ↑Mon Jun 19, 2023 11:21 pm

DeparRudeAnts wrote: ↑Mon Jun 12, 2023 10:12 pm Rent is cheap as chips nowadays. My room 5 years ago was 350 per month.. now I'm paying 100 a month

Is this true?

Pseudonomdeplume wrote: ↑Tue Jun 20, 2023 10:07 am There's your answer: Just buy dilapidated buildings and wait.

Unfortunately, your answer has restrictions; you can't own the land - no biggie - or the ground floor. Better than only being allowed the ground floor: Everyone else could sell and leave ground there, if they want, whereas it would get a little tricky if you had ground and no one else wanted to sell (we're talking demolition, here), and you can only own 70% of a building. Or another way of putting it, and you get to own up to 70% of a building.

Doubt the other 30% would hold out long, for a better price, though. It's probably not their's anyway.

Then you could lease the new bar they build, to stay on topic.

DeparRudeAnts wrote: ↑Tue Jun 20, 2023 3:48 pm

Stinkman wrote: ↑Mon Jun 19, 2023 11:21 pm

DeparRudeAnts wrote: ↑Mon Jun 12, 2023 10:12 pm Rent is cheap as chips nowadays. My room 5 years ago was 350 per month.. now I'm paying 100 a month

Is this true?

Yep, although the land next door is insanely overgrown now and there's a million mosquitos outside my door constantly. He did us a discount cos of it.

But It's got AC, hot shower, big screen, big double gas hob, tall fridge freezer, there was even a rolling pin in there when I moved in.

The place I was I was in before here had everything and was 150, during the invasion the LL was getting 800. The foreigners before that we're on 350

Pseudonomdeplume wrote: ↑Tue Jun 20, 2023 10:07 am There's your answer: Just buy dilapidated buildings and wait.

Unfortunately, your answer has restrictions; you can't own the land - no biggie - or the ground floor. Better than only being allowed the ground floor: Everyone else could sell and leave ground there, if they want, whereas it would get a little tricky if you had ground and no one else wanted to sell (we're talking demolition, here), and you can only own 70% of a building. Or another way of putting it, and you get to own up to 70% of a building.

Doubt the other 30% would hold out long, for a better price, though. It's probably not their's anyway.

Then you could lease the new bar they build, to stay on topic.

rogerrabbit wrote: ↑Tue Jun 20, 2023 4:36 pm

DeparRudeAnts wrote: ↑Tue Jun 20, 2023 3:48 pm

Stinkman wrote: ↑Mon Jun 19, 2023 11:21 pm

DeparRudeAnts wrote: ↑Mon Jun 12, 2023 10:12 pm Rent is cheap as chips nowadays. My room 5 years ago was 350 per month.. now I'm paying 100 a month

Is this true?

Yep, although the land next door is insanely overgrown now and there's a million mosquitos outside my door constantly. He did us a discount cos of it.

But It's got AC, hot shower, big screen, big double gas hob, tall fridge freezer, there was even a rolling pin in there when I moved in.

The place I was I was in before here had everything and was 150, during the invasion the LL was getting 800. The foreigners before that we're on 350

Yes, and you can find wide variety of rentals in Sihanoukville now days. Rents on older apartments and houses have dropped even when comparing pre-2018 rents. This is because there is now lot of new modern apartments and houses. 5-6 years ago with $200-$300 you got local standard apartment. Now with that price you can get modern condo unit with pool & gym. Those same local standard apartments are $100-$200.

PSD-Kiwi wrote: ↑Tue Jun 20, 2023 4:37 pm

Pseudonomdeplume wrote: ↑Tue Jun 20, 2023 10:07 am There's your answer: Just buy dilapidated buildings and wait.

Unfortunately, your answer has restrictions; you can't own the land - no biggie - or the ground floor. Better than only being allowed the ground floor: Everyone else could sell and leave ground there, if they want, whereas it would get a little tricky if you had ground and no one else wanted to sell (we're talking demolition, here), and you can only own 70% of a building. Or another way of putting it, and you get to own up to 70% of a building.

Doubt the other 30% would hold out long, for a better price, though. It's probably not their's anyway.

Then you could lease the new bar they build, to stay on topic.

Your post is gonna confuse the f' out of people who don't know Cambodias property laws, just to clarify...

The only property types foreigners can own 100% outright are Strata Titled properties. Strata Titles are restricted to condominiums and, more recently, office buildings, because foreign nationals are not allowed to own landed properties in the country. Does not apply to any old apartment, shophouse, etc which is above the ground floor...only condos.

Strata Titles can only be granted if the property in question satisfies these criteria:
- Only applicable to buildings constructed in 2010 and beyond.
- Foreigners can only own 70% of the total surface area of the building, the rest is reserved for Cambodian Nationals.
- Strata Titles cannot be issued for properties on the ground floor and/or underground.
- Strata Titles cannot be issued for any property within 30km of the nearest land border.

Bongmab69 wrote: ↑Tue Jun 20, 2023 12:26 am

hdgh29 wrote: ↑Mon Jun 19, 2023 11:09 pm Most responses seem to be about PP or Kampot, even Sihanoukville. Maybe you should have a visit to Siem Reap, pretty much the country's party town. Plenty of bars run by expats, doing ok, but it takes a lot of work to get the punters in. Live music / open mic nights, quiz nights, drag shows, pool competitions, you can find them all here. If you can afford to lose some of your savings, sure, go ahead, life is an adventure. You may not make a fortune but you will have fun along the way and meet a lot of new people, good and bad. Don't let the naysayers put you off, they will always say "can't be done". Who knows until you try. Good luck.

I havent been in SR since Covid, but give it a try defenitally in a couple of months, any recomandations about music-expat bars overthere ?? Used to go to Laundry bar close to the marked, but it was for sale already before Covid !! ??

hdgh29 wrote: ↑Wed Jun 21, 2023 9:33 am

Bongmab69 wrote: ↑Tue Jun 20, 2023 12:26 am

hdgh29 wrote: ↑Mon Jun 19, 2023 11:09 pm Most responses seem to be about PP or Kampot, even Sihanoukville. Maybe you should have a visit to Siem Reap, pretty much the country's party town. Plenty of bars run by expats, doing ok, but it takes a lot of work to get the punters in. Live music / open mic nights, quiz nights, drag shows, pool competitions, you can find them all here. If you can afford to lose some of your savings, sure, go ahead, life is an adventure. You may not make a fortune but you will have fun along the way and meet a lot of new people, good and bad. Don't let the naysayers put you off, they will always say "can't be done". Who knows until you try. Good luck.

I havent been in SR since Covid, but give it a try defenitally in a couple of months, any recomandations about music-expat bars overthere ?? Used to go to Laundry bar close to the marked, but it was for sale already before Covid !! ??

Laundry Bar reopened in a different location in Wat Bo, they have live bands most weeks, plus a well attended open mic night every Wednesday. Harrys Bar (related to the one in PP?) has a resident live band. The Welsh Consulate bar (again, same as in PP) has an open mic on Fridays, and live music acts on Saturdays. Star Bar and Arins Bar have regular live acts. For those who want something different, Barcode puts on a nightly show of girly-men, all dressed up and miming to Liza Minelli (I only went once, but its a fun night). There are a number of local bands (not all filipinos) who do regular gigs around town. All in all a pretty vibrant live music scene here in SR (not to mention the plethora of khmer bands in beer gardens and roof top restaurants).