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Originally Posted by DWB
Probably because they can. SE Asia is there for the taking if you have the cash. If the Russians, Chinese, and Koreans were not buying it up, it would be someone else.
I heard from a property agent I know in Thailand that a lot of Russians are coming in with backpacks full of cash. Dirty / laundered money no doubt, and the laws state they have to show the income from an outside source, but due to the amount of them paying in cash the agents have found ways to bypass the law, courtesy of paid off government officials at the land office and someone at a bank, of course. I'm sure Cambodia is a lot more relaxed than Thailand is, so it's a perfect place to invest money that you can't really do anything with in your home country.
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Should of known it would come down to corruption, no questions asked etc. Makes perfect sense! I read recently that the Thais are starting to learn Russian because there are so many of them in Thailand now
Quote:
Originally Posted by DWB
Burma and Laos are on deck. The next 10 years will be exciting times for those who are able to get into those two countries and set up shop. Lots of money to be made
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Now Burma have opened up to the world I guess the sky is the limit!
I think the West is now in a permanent state of decline, especially when you compare it to the rapid rate of growth and construction in most of Asia.