Feng Lun, China's real estate crocodile: You can make money by buying a house with your eyes closed in Phnom Penh.

Recently, Southeast Asia has been particularly popular in Chinese business circles.

From e-commerce to mobile phone manufacturers, from the real estate sector to the venture capital circle, it seems that no one does not talk about Southeast Asia.

Like Huawei, which plans to surpass Apple this year, Southeast Asia is an important market for them.

Like Feng Lun, it's okay to go there and do real estate with your eyes closed.

Perhaps the recent growth momentum in Southeast Asia is reminiscent of China more than 10 years ago.

Vigorous and vibrant societies naturally attract investment.

Feng Lun: Going to Phnom Penh and Bangkok, you can make money with your eyes closed.

On July 23, Feng Lun, founder of Wantong Group, said in a micro-headline：

"Today, if you want to find the direction of transformation, go to places where per capita GDP starts to go up at $3,000, such as Phnom Penh and Bangkok. It's no problem to buy land and make houses with your eyes closed."

Feng Lun said that in the past period of time, he has gone abroad about 50 or 60 times. "I have been looking at the experience of enterprises in developed economies in the past dozens or twenty years, and I basically use this as a reference to judge. For example, when GDP reaches what people do, and then compare the level of domestic GDP and what they should do, then I will do it."

Usually when GDP per capita is between $2,000 and $8,000, residential growth is the fastest, "when you make a lot of money," he said. This is true in the United States, Europe, Japan and South Korea. "That's the rule. The whole world probably hasn't come out of this circle."

Comments on New Media in Business: Human progress is largely due to thinking and summarizing rules. However, with the rise of new economy in the world and the different national conditions in China, we should know how to adapt to the rules.

Perhaps the recent growth momentum in Southeast Asia is reminiscent of China more than 10 years ago.

Vigorous and vibrant societies naturally attract investment.

Then, Xiaobian will take the Cambodian market in recent fires as an example to illustrate:

On the streets of Phnom Penh in July, political parties often hold propaganda marches. All political parties are promoting their ideas of governing, promising the people all kinds of benefits after the general election, hoping to win the people's vote. Just as Cambodia's political party elections are fiercely contested, the real estate market is also full of competition. The real estate market is a commercial battlefield without smoke. Especially the real estate sellers who sell term houses attract investors with the concepts of high-end community, fine decoration of apartments, five-star property services, and so on. They are as hard as political parties to win votes.

Some Chinese investors believe that Phnom Penh real estate is still in its infancy, housing prices are still very low, which is equivalent to the situation in China 10 years ago, and there is huge room for appreciation. Singaporean investors believe that Phnom Penh real estate has too many bubbles, and is about to collapse. What stage is it? What are the trends? Reporters with various doubts, interviewed several real estate developers and relevant people, hoping to find some different points of view from their conversation. Give real estate related people some reference information.

Cambodian land costs are low

Around Phnom Penh Airport, there are many ongoing projects, some just completed, some just a piece of open space. The special location of the airport makes real estate very hot here.

Yan Minxiang, general manager of Jinyuan Apartment, is from Shandong, China. He was originally a builder. Five years ago, a friend invited him to build a factory near the border between Cambodia and Vietnam. After the factory was built, he began to stay in Cambodia. Seeing the rapid development of real estate in Phnom Penh, he came to Phnom Penh to develop.

Material for row houses is gradually replaced by Apartments

Now Phnom Penh is an opportunity to develop real estate. The land cost here is relatively low and the profit margin is large. As land is used to develop apartments, row houses will gradually be replaced by apartments, and many locals are also starting to buy apartments. Foreigners work here for a long time, so they have their own home when they buy a house. In addition, the house prices in Phnom Penh are rising and there is a lot of room for appreciation. Many people come to invest.

Row house or apartment

Locals now need to buy row houses for more than 100,000 or 200,000 dollars, while a small apartment only needs 50,000 or 60,000 dollars, and the couple's monthly income is 1,500 dollars. If the down payment is 20%, the monthly payment is less than 1,000 dollars.

"Not only do locals have the ability to invest, but also foreigners, including Chinese, Singaporeans and Koreans, have come to invest and buy houses.

What are the characteristics of Cambodian policy?

At present, Cambodia is politically stable and has good relations with the Chinese government. Cambodia uses the US dollar as the currency in circulation. For the company's exchange cost, the exchange rate is cost-effective. There is no control over the free flow of funds. Compared with various policies, Cambodia is more preferential. Many policies can even be flexible, and the return on investment is higher than that of surrounding countries. To attract more investors, the real estate market in Phnom Penh has great room for growth in at least five years.

Does the supply of apartments exceed the demand? We can't generalize.

At present, the situation in Cambodia as a whole is stable, and there is little possibility of Party change. During the general election, some investors are also watching. Whether there is a phenomenon of oversupply in the apartment market can not be generalized. Even if apartments are not sold in a short time, the market will continue to grow for three to five years. After all, Kampuchea is a value depression, and "one belt and one road" brings many opportunities to the local real estate market. Real estate investors used to be mainly Korean and Japanese, but now they are mainly Chinese investors.

Investors are optimistic about Cambodia Market

Local investors are mostly businessmen. They invest for the purpose, and some Cambodians come back from abroad. They are used to living in apartments abroad. They are preferred to buy apartments in terms of safety, common facilities and convenience.

The increase ranged from 30% to 40%.

After Cambodia's general election, politics will remain stable, foreigners will invest more, house prices will rise sharply, financial markets will be open in five to seven years, borrowing interest rates will fall, and house prices will have more room to rise. If the current housing loan can be increased to 80%, the bank will introduce a policy to support the housing loan, and the real estate development will be faster.

Phnom Penh will prosper in the future

Phnom Penh gives investors free market opportunities, and the Chinese name Phnom Penh also attracts many gold seekers. But not everyone is lucky. As in the ongoing World Cup, once in four years, only four can really reach the semi-finals. Many people will leave halfway.

If the government policy is in place and the real estate investor industry is standardized, the real estate industry in Phnom Penh will develop well. In the next ten years, it can be imagined that Phnom Penh will be a scaled-up property market. Phnom Penh real estate investors have brought profits and prosperity to Phnom Penh.