by muchomaas » Mon Dec 04, 2017 8:14 pm
Lots of interestings things said here. One thing I need to confirm is that old apartmenst can be a drag because of the neighbors. They can be a pain in the ass. Check closely before venturing. Best is renting a flat for a while and seeing all the pros and cons. It can be a real jungle out there. Now there is a missing argument in the condo vs old colonial flat debate. Its' location. Condos are many, too much actually, they hardly fit the taste of some expats who look for places with an edge, think young hipsters with money. Also consider schools. Buying a house in the center close to a school like french Descartes school is a major asset. And this is where the parking thing becomes obsolete. Who wants to drive a car in phnom Penh seriously nowadays? People wanna live as close as possible to shopping malls, schools or work places to avoid the horrendosu traffic and this is not gonna get better. This is key element in buying a flat in Phnom Penh : location. So if your colonial flat has this very special features (two of mines have a mango tree in the back where the bedrooms are located), if you hired the good architect to do a posh project, you will always be on the winning side if you stick out. Sure we are in a bubble, but the fact that foreigners can't buy colonial flats anymaore also stalled the renovation projects, so there are less of them on the market, so don't hope the price will drop down anytime soon, the will just move up more slowly. As for condos I would not even think about it, this is gonna going to hurt, bubble wise I mean. Its just like buying bitcoins... Stay away from them just rent them cheap. My ten cents.
Lots of interestings things said here. One thing I need to confirm is that old apartmenst can be a drag because of the neighbors. They can be a pain in the ass. Check closely before venturing. Best is renting a flat for a while and seeing all the pros and cons. It can be a real jungle out there. Now there is a missing argument in the condo vs old colonial flat debate. Its' location. Condos are many, too much actually, they hardly fit the taste of some expats who look for places with an edge, think young hipsters with money. Also consider schools. Buying a house in the center close to a school like french Descartes school is a major asset. And this is where the parking thing becomes obsolete. Who wants to drive a car in phnom Penh seriously nowadays? People wanna live as close as possible to shopping malls, schools or work places to avoid the horrendosu traffic and this is not gonna get better. This is key element in buying a flat in Phnom Penh : location. So if your colonial flat has this very special features (two of mines have a mango tree in the back where the bedrooms are located), if you hired the good architect to do a posh project, you will always be on the winning side if you stick out. Sure we are in a bubble, but the fact that foreigners can't buy colonial flats anymaore also stalled the renovation projects, so there are less of them on the market, so don't hope the price will drop down anytime soon, the will just move up more slowly. As for condos I would not even think about it, this is gonna going to hurt, bubble wise I mean. Its just like buying bitcoins... Stay away from them just rent them cheap. My ten cents.