TIme for an update on the topic of our quest for localization.
We started out by looking at land for sale and lease around Sihanoukville. Already beforehand we knew from research that buying here is relatively expensive, due to investors buying large areas, dividing them into smaller lots to make a profit. However, we weren’t prepared for these kind of figures. For instance: For a piece of grassland 40×30 meters, out of town, 500 meters from the beach, reachable only by a dirt road ruined from heavy rain, in need of drainage because of a large pond in the middle, they are asking $60.000.
Come on, for real? Cambodian investors obviously have a sense of humor that is beyond us, we wouldn’t pay a tenth of their asking price. The area won’t be ready for development in at least five years, more likely ten.
However, renting is a completely different story. Cambodia isn’t yet a major tourist destination, and the global recession has made matters even worse. Many hotels and bars here find it very hard to survive, and are renting out or selling their businesses at more reasonable prices.
Since we are not here to invest in real estate and want to be flexible in case of changed circumstances, we feel short-term renting is the most attractive option for now. We are currently looking to rent an ocean-front guest house out of town, which could serve both as living quarters and small-scale production facility to get us up and running quickly. These type of facilities aren’t connected to the power grid, which means we’ll also get to set up solar and/or wind power – lots of fun!
Once we are up and running, we will begin looking for a bigger piece of land further away from developed areas, suitable for building earthship-style housing.
Apart from these grand plans, we are also taking time to get to know people around here, trying to understand the culture and ways of life. It’s the most fun we’ve had for a long time! This week we’re helping the owner of Small Green to promote the friday night buffet, tonight we’ll get to see the results!
Today will be a long day, time to get going!
- T
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