Koh Tuch beach, Koh Rong

PARADISE LOST? CHINA ALTERS CAMBODIA’S COASTAL VIBE

The Cambodian coastline is only 275 miles long, extending from the mangrove marshes of Koh Kong to the seaside community of Kep, famous for its crab market. At the heart of the Cambodian coast is Sihanoukville, the country’s second largest city and the primary hub for coastal tourism. Twenty years ago, Sihanoukville was a sleepy beach town with less than 90,000 residents. Then the Chinese arrived and began investing over $1 billion annually in property development. Today, the city has more than 60 massive casino hotels along with a hundred smaller gambling venues and Mandarin is replacing Khmer and English on street signs. Investment that was supposed to usher Khmers into the middle class has seen most of the good jobs go to Chinese. Indeed, 90% of the city’s expatriate community is Chinese.

hennessee

Ocean-going condominiums allow wealthy owners to keep traveling without ever leaving home.

The World is a 12-deck residential mega yacht where 150 families own 165 condominiums worth $2 million to $15 million each depending on their size. Owners enjoy an idyllic lifestyle of Michelin-level dining, cocktail lounging, fitness/spa menus and guest lecturers who include Nobel laureates. The World will sail to more than 90-plus ports on six continents in 2024. Residents vote to set the itinerary. A new fleet of ocean-going condos is being built to compete. Could be a great investment…for a millionaire. Read More