Just came back from a Cambodia-trip (Phnom Penh) a couple of days ago.
The city was booming

...many tourists, foreigner businessmen and former Thai-Expats.
A "Low Season" like in TH wasn't recognizable, although the locals call it so, too.
For those who are searching for an alternative to TH:
- You should apply for a b-visa in advance, not the normal tourist-visa.
The b-visa costs US$ 25 is 30 days valid and will be issued in every Cambodian-Embassy or Consulate.
Special documents are not necessary!
- You can extend this b-visa endless! No visa-trips are needed!
The Immigration-Office is opposite the International Airport.
It's often easier to get an agent to do it for you...even some Hotels offers this service.
If you're willing to pay for a 1-year-extension about US$ 280, 6 months US$ 155 (maximum prices), you'll get "express" service, 2-3 day turn-around, enquire at the office.
Just passport and photo are required!
- Visa over-stay is charged at US$ 5 per day
- Many nice accommodations are available for rent...simple rooms, apartments, but also exclusive villas in the town-center (quiet areas and boulevards) for i.e. US$ 800/per month
- In the city you'll find all you need... western restaurants, bakeries, Pubs, Discos etc. ... the prices are mostly cheaper as in TH...the locals (and also officials) are friendly and have better English-language skills then our Thai-friends.
- To get US$ is no problem.
There are many ATMs installed!
- The bad side for people, which are interested in real estates...it's the same as in TH and the Phils.
You can't become owner of land & houses, or just under questionable and risky (law-???)constructions.
- If you want to run a business, you have to go a similar way as in TH...apply for a work-permit, licenses etc., but it seems the paperwork isn't so intensive and expensive as here.
My personal resume:
Cambodia is a very good alternative for those, which want to have a similar lifestyle as in TH, but under cheaper and more comfortable (visa-)conditions.
Unfortunately, as in TH you should avoid big private investments, too.
Only Malaysia seems to be liberal enough (in SEA) to grant real ownership for foreigner investments yet.
