We bought more than 40 square kilometers, which is a little bigger than Macau.
Editor’s note: This article is from WeChat public account “Node Finance” (ID: jiedian2018), author small node; authorized to release.
At the beginning of this year, Xue Manzi, the “first person of Chinese angel investment”, frequently took shots in Cambodia to purchase real estate acquisition companies, which attracted the attention of the local Chinese investment circle. To this end, the node financial dialogue Xue Manzi, profound interpretation of his investment in Cambodia’s real estate and industry secrets.
After 4 months, how effective is the influx of hot money? What changes have occurred in Cambodia and Sihanoukville? In addition to land sales and land development, what new investment trends does Xue Manzi have in Cambodia?
With these questions, Node Finance once again has an exclusive dialogue with Xue Manzi himself, listening to him about the experience and experience of investing in Cambodia. The following is a question and answer arrangement, with a slight deletion.
Xue Manzi at Sihanoukville Beach
Node Finance: It’s been 4 months since we last talked to you. What happened to Cambodia and Sihanouk during this period?
Xue Manzi: I have been in Cambodia for more than four months, and there are many new changes.
First, there are more and more Chinese people coming. Everyone has more knowledge about Cambodia, especially Sihanoukville, so there are more people coming.
Second, more people in China are looking for opportunities to buy and start businesses overseas. With the economic downturn and the uncertainty of the exchange rate, many people are willing to come to Cambodia to buy houses, buy land, and invest in the industry.
Third, over the past four months, the return on investment of many investors has become more and more clear, and many people have made money. These successful cases were sent back to China, and more people came to Westport. The local government has become more and more formalized. Now the government has begun to crack down on corruption, and has cracked down on crimes and drug abuse. In particular, efforts have been made to standardize fire standards and building standards. Sihanouk’s new arrival as a civilianThe new governor, the governor of the province, is very popular, and attaches great importance to local garbage, drugs, law and order, and building quality.
Finally, Cambodia has abundant oil reserves, including offshore oil and onshore oil, and there are 25 proven oil fields. And there is a huge possibility that we can dig up oil this year. We also see that China has started to build a new refinery in Sihanoukville. This is a very good momentum. Everyone hopes to see this place this year or next year. Produce oil in the short term. As long as people who have been to the Middle East and Dubai know how much oil can bring a city to the rich.
Node Finance: During the last chat, you paid more attention to the local land market, but now your investment involves land sales, land development, hotel apartments, catering, building materials, fire protection, etc. What are the considerations behind?
Xue Manzi: As the local economy grows and developers become more standardized, the entire Westport faces escalation in consumption. From a simple shop to a complex like Xintiandi, the quality of catering is getting higher and higher, and the flavor, decoration and sanitary conditions are greatly improved. The overall design of the building, the fire protection conditions are becoming more and more complete, and the building standards are becoming more and more standardized.
So I recently invested in a fire protection company that has enabled the fire protection industry in all construction industries in Cambodia to take a big step and be more regulated and safer. I think this can have a rich return and benefit the country, so in addition to building materials, I am very concerned about the fire industry.
Node Finance: Before you revealed that you have already bought 10,000 mu of land, now continue to add Cambodia, why?
Xue Manzi: More than four months ago, we were optimistic about the value of land near the airport. At that time, we started selling for 20,000, and now the land has been upgraded to four or five hundred thousand, and most of it has been sold out. Now the development of the ground has begun, and the roads, houses, and infrastructure have all started vigorously.
Since we made the money ourselves, our investors made money, so we decided to add more. Last time we bought nearly 10,000 mu of land, this time we bought 60,000 mu of land, about 40 square kilometers. To give an example of an image, Macao has an area of 32.8 square kilometers. We bought more than 40 square kilometers, which is a little bigger than Macau.
This land is about 15 kilometers from the airport and can be reached by car from the airport in ten minutes. It is a treasured land with mountains and water, seascapes, virgin forests, lots of wild animals, and a very beautiful reservoir. In Cambodia, you can start a five-day tour and a three-day tour in Sihanoukville, Phnom Penh and Siem Reap. We also plan to build a 2000-room resort hotel and 200 luxury villas. It is expected that there will be 100,000 tourists stationed next year. Our place – Genting Manzi Villa. People in this way can also go to the West Harbour without having to go to the mountains to enjoy the beautiful air and sea views.